About Bright house Financials
Brighthouse Financials. Inc. is an American Company which basically provides annuities and life insurance services and aims at providing financial stability and security to its customers. Its headquarters are situated in Charlotte, North Carolina.
Earlier Brighthouse Financials was part of “Metlife”, but in the middle of 2017, Brighthouse Financials was established with the sole purpose of focussing on products to individuals.
Foundation, Development & Expansion
Brighthouse Financials was established by Metlife after announcing its separation in January 2016. Brighthouse Financials was completely isolated from Metlife on August 4, 2017.
Metlife is also the largest stakeholder in Brighthouse Financials with a major stake of 20%. Brighthouse Financials is completely a separate legal entity and Metlife does not have any controlling powers on it.
Brighthouse Financials basically deals in life insurance and annuity products through various distribution channels and mediums. It basically targets individual consumers of the U.S
After separation from Metlife, Brighthouse Financials can also offer shares to the common stakeholders, they can provide a single share for every 11 shares held in Metlife. The company is also listed on “Nasdaq stock exchange”, it began trading under on August 7, 2017, under the symbol of “BHF”.
Brighthouse Financials is considered as a spinoff of Metlife, it is led by its Chief Executive Officer “Eric Steigerwalt”.
Talking about the products Brighthouse Financials, it offers both annuities and life insurance services. Its annuities products are Shield Annuities, which is basically for retirement benefits. Its featured product “Brighthouse Smart Care”, it provides protection for the death of loved ones and also provides long term care, it is a hybrid insurance plan. Brighthouse Financials also offers Permanent Life Insurance as its product.
Talking about after services benefits, Brighthouse Financials have excellent customer support and can ask for queries and questions.
Bright house life insurance Company is growing well and has done a substantial amount of life insurance policies in a time span of just 2.5 years.
As per information available on the internet, Bright house Financials have net assets worth $219 billion as of March 2018.