Brighthouse SmartCare, a new hybrid Indexed UL Life-LTC policy from Brighthouse Finacial

On February 13, 2019, Brighthouse Financial, Inc. launched Brighthouse SmartCare, a new hybrid life insurance product that combines the growth opportunities and death benefit of an indexed universal life (IUL) policy with protection against the costs of long-term care (LTC).

Brighthouse SmartCare distinguishes itself from other hybrid products by offering policyholders the ability to grow cash value, death benefits and LTC coverage through the performance of major market indices. The product is currently approved for sale in 46 states and the District of Columbia and will be available through select distribution partners.

Brighthouse SmartCare marks the first life insurance product launch by Brighthouse Financial since becoming an independent entity in 2017. The move is part of the company’s strategy to re-establish a competitive foothold in the life insurance market.