Shield Level Pay Plus annuities are built to help meet an important need in retirement planning – income that lasts for life
Brighthouse Financial, Inc. announced the expansion of its flagship Brighthouse Shield Level Annuities suite with the launch of Brighthouse Shield Level Pay Plus Annuities, which are designed to help strengthen clients’ retirement portfolios by providing a stream of guaranteed lifetime income.1,2 Shield Level Pay Plus annuities also offer clients opportunities to participate in market growth combined with a level of protection against market volatility — both key design features of Shield Level annuities.
“The financial impact of longevity has made guaranteed lifetime income an important consideration for retirees who want to help secure their financial future,” said Myles Lambert, chief distribution and marketing officer, Brighthouse Financial. “By providing a permanent source of retirement income, Shield Level Pay Plus annuities are built to add a measure of certainty to clients’ retirement lifestyles.”
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According to the Social Security Administration,3 about one in three 65-year-olds will live to at least age 90 and about one in seven 65-year-olds will live to at least age 95. Not surprisingly, many investors express strong interest in annuities that provide guaranteed lifetime income. A recent study4 from the Alliance for Lifetime Income, in partnership with CANNEX, found a significant majority (85%) of investors are interested in owning an annuity that guarantees lifetime income or already own one.
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Shield Level Pay Plus annuities are index-linked annuities, which are a type of annuity that allows clients to participate in growth opportunities up to a certain percentage by tracking the performance of one or more market indices, rather than investing directly in the markets, while providing a level of protection in down markets.
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