Brighthouse Term Life Insurance Cost and Comparison Guide

Brighthouse Term Life Insurance offers a range of term life insurance policies with varying coverage amounts and durations.

The cost of Brighthouse Term Life Insurance can vary greatly depending on your age, health, and the coverage amount you choose.

For a 30-year-old non-smoker, the annual premium for a 10-year term life insurance policy with a $250,000 coverage amount can range from $150 to $300.

As you get older, your premiums will increase, with a 45-year-old non-smoker paying around $400 to $600 per year for the same policy.

For more insights, see: What Is a Term Length for Life Insurance

One of the biggest advantages of Brighthouse term life insurance is the convenience of same-day coverage. This means customers can get a new policy within 24 hours of completing the application.

Brighthouse offers policies that don't require a medical examination, which streamlines the application and approval process. This makes it easier for customers to get the coverage they need.

Brighthouse has an excellent financial strength rating of A (Excellent) from AM Best, which is a testament to the company's stability and reliability. This is important for customers who want to ensure their coverage is secure.

Few customers complain about Brighthouse, which is impressive for a company of its size. This suggests that Brighthouse is doing something right in terms of customer satisfaction.

Here are some of the key pros of Brighthouse term life insurance:

Brighthouse One Year Term offers guaranteed, affordable protection for individuals and businesses with options for changing needs.

This product is issued by Brighthouse Life Insurance Company on Policy Form 5E-24-12 and, in New York only, by Brighthouse Life Insurance Company of NY on Policy Form 5E-24-16-NY-U.

With Brighthouse SimplySelect, you can get coverage within 24 hours, thanks to a convenient application process and streamlined underwriting.

This product is available online through Policygenius and features guaranteed coverage for 10, 20, or 30 years, giving consumers a choice in planning how to provide for loved ones, should the unexpected happen.

Brighthouse SimplySelect also provides guaranteed level premiums, which can help make financial planning more predictable.

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Brighthouse offers many life insurance riders and features that set them apart from their competitors. Some of the most notable riders include the accelerated death benefit rider.

The accelerated death benefit, also known as a living benefit, allows the policyholder to receive part of their death benefit while they are still alive. This can be a huge relief for those facing a terminal illness.

Some Brighthouse policies offer the terminal illness rider at no additional cost. This means policyholders can access the funds they need without having to pay extra.

The funds from the accelerated death benefit can be used as the policyholder sees fit, generally between 50% to 80% of the total death benefit. This flexibility can be a lifesaver for those in need.

A fresh viewpoint: Term Life Insurance with Accelerated Death Benefit

Brighthouse Financial, Inc. has teamed up with Policygenius to launch Brighthouse SimplySelect, a new term life insurance product available online through Policygenius.

This product features a fast and simple purchase process that doesn't require invasive testing, allowing an underwriting decision within 24 hours for most applicants.

Consider reading: Policygenius Term Life Insurance

Brighthouse SimplySelect offers guaranteed coverage for 10, 20, or 30 years, giving consumers a choice in planning how to provide for loved ones, should the unexpected happen.

Consumers can apply by visiting the Policygenius website, answering a few questions, and then working with a licensed Policygenius agent to complete the application by telephone.

There are no required medical exams or lab work, which significantly speeds up the underwriting process and enables consumers to get a decision faster than is typically possible with a traditional underwriting process.

Conor Murphy, COO of Brighthouse Financial, comments that Brighthouse SimplySelect offers busy people a quick and convenient way to provide financial security for their families.

Brighthouse Financial offers policies that range from 1 to 30 years in the form of term life and universal life insurance. These policy types are designed to meet different needs and budgets.

The company offers two types of life insurance: term life and universal life. I've seen that term life insurance is a great option for those who need coverage for a specific period, such as until their children are grown.

A fresh viewpoint: Difference between Term Life and Universal Life Insurance

Brighthouse Financial also offers annuities as an extra feature. An annuity can provide a steady income stream, which can be a great benefit for those looking for a predictable source of income.

Whole life insurance is another policy option available from Brighthouse Financial. This type of insurance remains in force until the death of the policyholder as long as premiums are paid.

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Brighthouse offers a range of life insurance policies to suit different needs. Their term life policies are a great option for those who want coverage for a specific period.

Term life insurance is guaranteed to pay a death benefit to beneficiaries if the insured dies during the specified term, which can be up to 30 years. This type of policy has no savings component and no value other than the death benefit.

Policyholders can convert their term life policies to whole life before the end of their terms, provided certain conditions are met. Brighthouse allows this conversion, making it a flexible option for those who want to switch to a whole life policy.

Whole life policies remain in force until the death of the policyholder as long as premiums are paid. They also accrue cash value over time, which can be borrowed against or used to request a dividend payment.

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SimplySelect is a term life insurance product that offers affordable death benefit protection for a fixed period of time.

It's issued by Brighthouse Life Insurance Company on Policy Forms ICC19-5-30CON and 5-19-30CON.

Brighthouse SimplySelect features a convenient application process and streamlined underwriting that may result in coverage within 24 hours.

This is made possible by not requiring invasive testing, allowing for a faster underwriting decision.

Guaranteed coverage is available for 10, 20, or 30 years, giving consumers a choice in planning how to provide for loved ones.

Guaranteed level premiums can also help make financial planning more predictable.

There are no required medical exams, and consumers aren't asked to undergo lab work, which significantly speeds up the underwriting process.

To apply, consumers visit the Policygenius website to answer a few questions and then work with a licensed Policygenius agent to complete the application by telephone.

The companies behind Brighthouse SimplySelect, Brighthouse Financial and Policygenius, aim to improve the life insurance-buying experience for consumers.

Brighthouse Financial has $219 billion in total assets, and Policygenius is a leading online insurance marketplace.

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Brighthouse offers three main types of life insurance policies: term life, whole life, and indexed universal.

Term life insurance is available for terms of up to 30 years, with coverage increments of 1, 10, 15, 20, and 30 years. You can choose from a range of coverage amounts, from $100,000 to $2 million.

Whole life insurance is a type of permanent life insurance that remains in force until the death of the policyholder, as long as premiums are paid. This type of policy accrues cash value over time, which you can borrow against or use to request a dividend payment.

Whole life policies are only provided to existing policyholders to accommodate term conversions, so if you're looking to switch from term life to whole life, you'll need to have an existing policy with Brighthouse.

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AM Best, a leading insurance rating agency, reviewed over 16,000 insurance companies worldwide and assigned Brighthouse an A (Excellent) rating in December 2021, indicating excellent financial strength and claims-paying ability.

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This rating is a significant achievement, but it's worth noting that Brighthouse received a lower score in customer satisfaction, ranking last among 21 top U.S. individual life insurers in the 2021 Individual Life Insurance Study by J.D. Power, with a score of 714.

For comparison, State Farm took the top spot with a score of 822, highlighting the area where Brighthouse may need to improve.

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Insurance companies are often rated by third-party agencies to assess their financial strength and customer satisfaction. AM Best assigns a rating scale from A++ (Superior) to D (Poor) to over 16,000 insurance companies worldwide.

Brighthouse received an A (Excellent) rating from AM Best in December 2021, indicating excellent financial strength and claims-paying ability. This rating is a significant achievement, but it's essential to consider other factors when choosing an insurance company.

J.D. Power publishes an annual customer satisfaction index ranking, and Brighthouse scored 714 in the 2021 Individual Life Insurance Study, placing last among the 21 companies surveyed. State Farm took the top spot with a score of 822, highlighting the importance of customer satisfaction in insurance companies.

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AM Best's rating scale provides a clear indication of a company's financial strength, but it's not the only factor to consider. Here's a summary of Brighthouse's ratings:

It's essential to research and compare insurance companies to find the best fit for your needs. By considering multiple ratings and reviews, you can make an informed decision and choose a company that meets your expectations.

We use a comprehensive ratings methodology to evaluate life insurance companies.

Our price rating scale looks at the average cost of a $1 million 20-year term policy for a 35-year-old female non-smoker.

Brighthouse Financial scored well on this scale, placing it in the least expensive category.

We also consider customer experience in our ratings.

According to the National Association of Insurance Commissioners (NAIC) complaint index, Brighthouse Financial has one of the lowest levels of consumer complaints.

It received an index rating of just 0.34, which is 60% fewer complaints than the industry average.

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Our transparency rating scale measures how easily shoppers and policyholders can find information about an insurer.

Brighthouse Financial scored points for providing policy information on its website, including term length and financial strength ratings.

It also offers multiple ways to contact insurance experts for support.

We use a weighted combination of three industry-leading metrics to measure a company's financial health.

Brighthouse Financial scores well on all three scales: A, A+, and A3 from A.M. Best, Standard & Poor's, and Moody's, respectively.

Brighthouse Financial stands out from the crowd with its flexible application process. Many life insurance companies require a medical exam, but Brighthouse Financial lets many people skip it.

It's one of the few companies that offers this convenience, making it our top pick for the best overall no-medical-exam life insurance. This means you can save time and hassle by not having to undergo a medical exam.

Brighthouse Financial offers some of the most affordable rates on the market, making it a great option for those looking for a cost-effective term life insurance policy.

Related reading: Does Term Life Insurance Require Medical Exam

Brighthouse term life insurance is a relatively affordable option, with premiums starting at around $10 per month for a $100,000 policy.

The cost of Brighthouse term life insurance is influenced by your age, with younger policyholders paying less than older ones. For example, a 30-year-old non-smoker can expect to pay around $15 per month for a $100,000 policy, while a 50-year-old non-smoker may pay around $50 per month for the same policy.

In comparison to other term life insurance providers, Brighthouse offers competitive pricing, making it a good option for those on a budget.

For more insights, see: Term 100 Life Insurance

Insurance rates can be a significant factor in choosing a life insurance policy. The chart below shows how different ages and sex can affect the average monthly premium prices for a 20-year term life insurance policy with $500,000 in coverage.

For a 25-year-old female, the average monthly premium price is $19.19 with Brighthouse Financial, compared to an industry average of $21.08.

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A 25-year-old male will pay an average of $24.32 per month with Brighthouse Financial, while the industry average is $26.90.

As people get older, their insurance rates increase. A 35-year-old female pays an average of $22.70 per month with Brighthouse Financial, while the industry average is $25.58.

Similarly, a 35-year-old male pays an average of $26.45 per month with Brighthouse Financial, compared to an industry average of $30.34.

For a 45-year-old female, the average monthly premium price is $43.77 with Brighthouse Financial, while the industry average is $47.86.

A 45-year-old male pays an average of $56.30 per month with Brighthouse Financial, compared to an industry average of $60.76.

For more insights, see: Term 30 Life Insurance

Let's take a look at some other insurance companies that compare to Brighthouse Financial. Brighthouse Financial has a Policygenius rating of 5.0/5, which is one of the highest ratings on the list.

Legal & General America is another strong contender, with a Policygenius rating of 4.9/5 and an AM Best rating of A+.

E ethos is also worth considering, with a Policygenius rating of 4.8/5, although it doesn't have an AM Best rating.

Pacific Life has a Policygenius rating of 4.8/5 and an AM Best rating of A+, which is similar to Brighthouse Financial.

Here's a list of some of the other insurance companies mentioned in the article, along with their Policygenius ratings and AM Best ratings:

Note that some of these companies have higher AM Best ratings, but lower Policygenius ratings. It's worth doing your own research to find the best fit for your needs.

Expand your knowledge: Best Age to Get Term Life Insurance

When choosing Brighthouse term life insurance, it's essential to understand the various coverage options available. Brighthouse SimplySelect is a traditional term life insurance policy available exclusively through Policygenius, offering coverage amounts ranging from $100,000 to $3 million.

You can choose from three term lengths: 10, 20, or 30 years. This flexibility allows you to select the coverage period that best fits your needs.

If you need more than term life insurance, Brighthouse Conversion Whole Life is an option, but it's significantly more expensive and not available through Policygenius.

In some cases, a short-term life insurance policy like Brighthouse One Year Term might be suitable, with the option to extend it up to five years or convert it to a whole life policy at the end of the one-year term.

Here's a quick summary of the available term lengths for Brighthouse SimplySelect:

Brighthouse term life insurance has several strengths that make it a reliable option for many customers. Same-day coverage is available, allowing new policies to be issued within 24 hours of application completion.

No medical exams are required for some policies, streamlining the application and approval process. This can be a huge advantage for those who want to get coverage quickly without the hassle of a medical exam.

Brighthouse has an A (Excellent) rating from AM Best, indicating excellent financial strength. This means customers can trust that the company will be able to pay out claims when needed.

Here are some key strengths of Brighthouse term life insurance:

Brighthouse has some notable weaknesses that might make it less appealing to some shoppers.

One of the biggest cons is the limited number of policy types, offering only term and indexed universal life insurance policies to new applicants. This means you won't be able to choose from a wide range of policy options.

Another drawback is the lack of an online quote tool, which is now a standard feature in the industry. This can make it difficult to compare prices and find the best policy for your needs.

Brighthouse also ranked poorly in customer satisfaction, coming in last out of 21 major life insurance companies in a study conducted by J.D. Power.

Brighthouse Life Insurance Company and Brighthouse Life Insurance NY have impressive financial strength ratings.

Both companies have received high ratings from top credit rating agencies, including A.M Best, Fitch, Moody's, and Standard & Poor's.

A.M Best gives Brighthouse an A (Excellent) rating, which is the 3rd highest out of 16 ratings.

For another approach, see: Best Life Insurance Term

Fitch gives Brighthouse an A (Strong) rating, which is the 6th highest out of 19 ratings.

Moody's gives Brighthouse an A3 (upper medium) rating, which is the 7th highest out of 21 ratings.

Standard & Poor's gives Brighthouse an A+ (Strong) rating, which is the 5th highest out of 22 ratings.

Here's a comparison of the ratings from these top credit rating agencies:

These ratings give a reliable representation of Brighthouse's financial strength and can be compared to statistics from other insurance providers to get more information.

If you have a history of medical problems, the approval process with Brighthouse Life Insurance might take longer due to the extra consideration required.

Brighthouse offers better coverage rates on conditions like sleep apnea, former tobacco use, and heart attack.

Their policies are still incredibly competitive even if you don't qualify for the preferred conditions.

You'll need to make an extra call to get help with changing some policy info online, but their customer service team is top-rated and can get you the assistance you need.

Life insurance is a top priority, and if you qualify for Brighthouse, they may be the best choice for you due to their extensive features and advantages over other companies.

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If you're looking for term life insurance with affordable rates, Brighthouse Financial is a great option. It offers very affordable premiums.

People between the ages of 25 and 50 who don't smoke can also take advantage of a convenient no-medical-exam option. This makes it easy to get covered without the hassle of a medical exam.

Brighthouse Financial is also a good choice if you're interested in combining your life insurance policy with long-term care. This can provide an added layer of protection for your loved ones.

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If you have an extensive history of medical problems, the approval process could take longer than usual. This is because Brighthouse requires more consideration for applicants with pre-existing conditions.

Brighthouse offers better coverage rates on certain conditions, such as sleep apnea, former tobacco use, and heart attack. This makes them a good choice for those with these conditions.

Their customer service team is top-rated and can help you with any issues you may have. However, it may require an extra call to get the help you need.

Brighthouse has flexible policies that may be worth the extra effort. They offer extensive features and advantages over other companies.