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    • Brighthouse Kills Surrender Charges on Revamped UL

    July 18, 2017 by Cyril Tuohy

    MetLife spinoff Brighthouse Financial has announced it will eliminate surrender charges on a universal life (UL) insurance policy launched two years ago.

    The announcement is another sign that the industry is moving toward an assets-under-management model to compensate agents and distributors. Brighthouse begins trading on NASDAQ next month.

    Fee-based annuities recently announced by other companies have curtailed or eliminated surrender charges.

    Click HERE to view the full story via INN; subscription required. 

    Originally Posted at InsuranceNewsNet on July 12, 2017 by Cyril Tuohy.

    Categories: Industry Articles
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