Below is a explaining the document’s contents, risks, and key clauses.
This product is designed for investors seeking principal protection with limited upside. It is not suitable for those needing liquidity, high growth, or income within the surrender charge period.
| Term | Definition from Prospectus | |-------|-----------------------------| | | Percentage of downside loss absorbed by Brighthouse (e.g., 20% Shield means first 20% of index loss is absorbed; you lose only beyond that). | | Cap Rate | Maximum percentage return credited over the term (e.g., 40% cap over 6 years means max 40% total return). | | Participation Rate | Sometimes used instead of cap; % of index gain credited (e.g., 80% participation = you get 80% of index gain). | | Index Term | Period (1, 3, or 6 years) over which index change is measured. | | Interim Value | Withdrawal value before term end; often lower due to market value adjustment (MVA). | | Free Withdrawal Amount | Typically 10% of contract value per year without surrender charge. |
Below is a explaining the document’s contents, risks, and key clauses.
This product is designed for investors seeking principal protection with limited upside. It is not suitable for those needing liquidity, high growth, or income within the surrender charge period. brighthouse shield level select prospectus
| Term | Definition from Prospectus | |-------|-----------------------------| | | Percentage of downside loss absorbed by Brighthouse (e.g., 20% Shield means first 20% of index loss is absorbed; you lose only beyond that). | | Cap Rate | Maximum percentage return credited over the term (e.g., 40% cap over 6 years means max 40% total return). | | Participation Rate | Sometimes used instead of cap; % of index gain credited (e.g., 80% participation = you get 80% of index gain). | | Index Term | Period (1, 3, or 6 years) over which index change is measured. | | Interim Value | Withdrawal value before term end; often lower due to market value adjustment (MVA). | | Free Withdrawal Amount | Typically 10% of contract value per year without surrender charge. | Below is a explaining the document’s contents, risks,