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Brighthouse Life Insurance Review

Brighthouse has a fast track process for younger applicants with no major health issues in their medical history, a rare offering among life insurance companies.

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Overview

Brighthouse (formerly MetLife), an A+ rated company founded in 1868, has a fast track process for younger applicants with no major health issues in their medical history, a rare offering among life insurance companies. They also feature competitive underwriting for some major health conditions.

Our Take

Brighthouse (formerly MetLife) has a faster than average application turnaround time, but unfortunately they make everyone go through an extra phone interview with an underwriter. They have very competitive underwriting and a fast track process for applicants with no significant health history.

Financial Strength

Founded

1868

PolicyholderstooltipThis is how many active US life insurance customers this company insures.

6,500,000

AM BesttooltipA.M. Best is an independent rating agency that evaluates the financial strength of insurance companies. Ratings as of May 2016, on a scale from A++ to D.

A+

BBB RatingtooltipBetter Business Bureau (BBB) is a non-profit that collects consumer feedback on businesses around the country.

A+

JD PowertooltipJ.D. Power and Associates is a global marketing information services firm that conducts surveys of customer satisfaction, product quality, and buyer behavior.

3 of 5

Accolades

Brighthouse (formerly MetLife) has won multiple awards, including Celent’s Model Insurer of the Year award in 2014 and being named #1 Life and Health Insurance company in Fortune magazine’s “World’s Most Admired Companies” in 2015.

Finding the best rates

Each insurer approaches health conditions differently. One insurer might ignore a heart attack from a few years ago, whereas a different insurer might rate you as a higher risk for the same thing. Here are the details of how Brighthouse treats a variety of common health conditions from an underwriting perspective.

Pricing for health conditions
Health ConditionPricing
Survivor/Family HistoryGood
Recent Weight LossFair
Heart AttackGood
DiabetesFair
Sleep ApneaExcellent
Former Tobacco UseExcellent
High Blood PressureGood
High CholesterolFair

Excellent - Above average; company provides excellent coverage for clients with this condition.

Good - Spot on; company doesn’t look at this condition unfavorably in underwriting.

Fair - Could use some work; clients with this condition may be issued a lower health rating, and subsequently higher rates than other insurers.

Brighthouse plan details

Unique Features

  • Very competitive underwriting and fast track process for younger applicants with no significant health history

When applying

How's the application process?

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Pros

  • Electronic application
  • Fast-track process for issue-free medical history

Cons

  • Application form longer than average
  • Slower than average application approval (31 days)
  • Policy delivery by mail

After you're a policyholder

How's the customer service?

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What you can do online

  • Changing address
  • Changing payment info

What you can't do online

  • Updating beneficiaries requires paper forms
  • Policy cancellation requires a phone call

Sample quotes

Quote for: $500,000, 20-year term life insurance policy for healthy, nonsmoking individuals, in California, monthly premiums

CompanyPlanMale - Age 30Male - Age 40Male - Age 50Female - Age 30Female - Age 40Female - Age 50
AIGSelect-a-Term$21.11$30.62$79.93$18.08$28.46$59.60
AIGROP Select-a-Term$91.21$150.77$281.97$75.80$124.95$261.56
Banner LifeOPTerm$21.44$32.38$94.07$18.19$26.60$58.62
John HancockTerm$26.95$34.65$81.70$24.20$34.00$78.99
Lincoln FinancialLifeElements$28.44$38.94$78.75$23.63$30.63$58.63
Lincoln FinancialTermAccel$21.00$29.75$78.75$17.94$25.81$57.31
Mutual of OmahaTerm Life Answers$21.66$33.47$85.53$23.41$28.66$64.09
Pacific LifePacific PROMISE Term$20.84$29.59$77.09$19.18$26.68$61.67
PrincipalTerm$22.75$31.94$79.63$20.04$27.56$59.24
ProtectiveCustom Choice UL$20.37$28.91$76.82$17.93$25.25$55.75
ProtectiveClassic Choice Term$20.21$28.38$75.68$17.63$25.94$55.47
PrudentialTerm Essential$34.20$43.65$88.65$27.90$38.70$76.95
PrudentialReturn of Premium Term$101.00$143.62$291.99$88.12$130.04$253.37
SBLILevel Premium Term$21.32$40.05$96.06$24.48$34.71$65.87
TransamericaTrendsetter Super$22.36$37.85$79.12$18.06$30.96$62.78
TransamericaTrendsetter LB$24.95$38.27$92.89$20.65$34.84$73.11

Details

Annual Payment Discount

8%

Payment methods available

Check; Auto bank draft (for monthly payments only); No credit cards accepted

Is coverage available without a medical exam?

No

What is the rule for converting the policy?

If issued before age 65, the policy is convertible until the earlier of the end of the term period or on the age 70 policy anniversary.

Is temporary coverage available?

Yes, up to $1,000,000.

Available Riders

Riders are additions to your overall life insurance policy that turn a basic life insurance policy into something that covers more circumstances.

  • checkmarkDisability Income Ridertooltippremiums are waived if you become totally disabled (after a 6 month waiting period).

    If you become totally disabled as a result of a qualifying event, you will not have to pay premiums for a fixed period of time.

  • checkmarkAccelerated Death Benefit Ridertooltipprovides payment of all, or a portion, of the death benefit if you are diagnosed with a qualifying terminal illness (12, or 24 months in some states, max life expectancy).

    Allows you to receive a portion of the death benefit if you are diagnosed with a qualifying terminal illness.

Common Features

This policy, like all term life policies offered on our site, provides life coverage for a specific period of time (the term). The key features of this policy are standard across all the term policies we offer:

  • Level premium - which means the cost of the policy (the premium you pay) is fixed for the entire term of the policy. It will not increase during the term of the policy.
  • Good value - term life policies are significantly less expensive for the same amount of death benefit coverage than permanent life policies.
  • Regulated - the cost of this term life policy, for a given coverage amount and term, will always be the same for you regardless of who you buy it from. That’s because the policy will be priced based on the underwriting table the insurer files with the state insurance regulator.
  • No-risk obligation for you - you, as the policyholder, can cancel your policy at any time if you decide you don’t want it anymore. The insurer, however, cannot cancel your policy as long as you pay the premiums on time.
  • No exclusions - except for suicide during the first two years of the policy (which is standard by law across life insurance policies).
  • Terminal illness benefit - you can access a portion of the policy’s death benefit while you’re still alive if you’ve been diagnosed with a terminal illness. You might see this referred to as an "accelerated death benefit."
  • Convertible - which means, if you choose to, you can convert the term life policy to a permanent life policy. The conversion will generally cost you more and is subject to certain conditions.

The review on this page is only for this company's term life insurance products.

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50 West 23rd Street, Floor 9

New York, NY 10010

24/7 - Available when you need us

Monday-Thursday | 9am-11pm ET
Friday | 9am-8pm ET
Saturday | 9am-9pm ET
Sunday | 10am-9pm ET

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