Brighthouse Prepares to Launch Life-LTC Hybrid

February 13, 2019 by Allison Bell

Brighthouse Financial Inc. is preparing to introduce an indexed universal life (IUL) insurance policy designed for the long-term care (LTC) planning market.

The new Brighthouse SmartCare IUL policy will offer purchasers access to a rider that can provide a pool of LTC benefits with a value linked to the performance of an investment index.

Eric Steigerwalt, the president of Brighthouse, talked about the new IUL product today, during a conference call Brighthouse held to go over the company’s earnings for the fourth quarter of 2018 with securities analysts.

MetLife Inc. put its individual life and annuity operations into Brighthouse and turned Brighthouse into a separate company in 2017.

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Originally Posted at ThinkAdvisor on February 12, 2019 by Allison Bell.