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After the first Contract Year, the Free Withdrawal Amount for each Contract Year is equal to 10% of the Account Value as of the prior Contract Anniversary (adjusted for withdrawals already taken in the current Contract Year). The Free Withdrawal Amount is non-cumulative and is not carried over to other Contract Years.
Established by MetLife in 2017, Brighthouse Financial sells life insurance and annuities to individuals. In contrast, MetLife focuses primarily on employee benefits. You can only purchase a policy from Brighthouse Financial with the help of a financial professional, such as an advisor.
There is a 62-day grace period in the policy. If the amount due remains unpaid at the end of that grace period, the policy will lapse without value.
Most policies have a 31-day grace period after your premium's due date. You can make a late payment without being charged interest and still be covered. If you die during the grace period, your beneficiary gets the death benefit minus the past due premium.
Computershare Trust Company, N.A. is Brighthouse Financial's stock transfer agent and registrar.