Brighthouse Fixed Rate Annuity
Brighthouse Financial
4.85%
5-yr guarantee
10%
Free W/D
50
Jurisdictions
Live product data
Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.
5-year guaranteed rate
4.85% guaranteed for 5 years
A 3/5/7-year multi-year guaranteed annuity from an A-rated Brighthouse, with an annual free-withdrawal allowance and a tiered rate uplift at the higher premium band, available in 50 jurisdictions outside New York.
Best fit
Buyers who want a flat fixed-rate lock for 3, 5, or 7 years from an A-rated carrier, value an annual free-withdrawal cushion, can deposit at the higher premium band to earn the band rate uplift, and don't need a market-value-adjusted variant of the same contract.
AM Best
A Excellent
Surrender period
7 years
Free withdrawal
10%/yr
Availability
50 jurisdictions (excl. New York)
Product analyst notes
How to think about this contract
Why it can stand out
- The same contract gives the buyer three guaranteed-term lengths — 3, 5, and 7 years — so a buyer can match the lock to their planning horizon without switching carriers.
- An annual free-withdrawal allowance is on top of the term commitment, so a portion of the contract value stays accessible every year without triggering surrender charges.
- Higher premium tiers earn an explicit rate uplift over the base band on every term, so larger deposits are paid more for the same lock — and the band breakpoints are visible in the live feed rather than hidden in a brochure.
- Brighthouse is rated A by A.M. Best, so the structural promise is backed by an A-rated carrier across the entire 50-jurisdiction footprint.
What to confirm
- This filing is the non-MVA version of the contract — there is a separate Brighthouse Fixed Rate Annuity with MVA filing that posts higher headline rates on the same term menu. A buyer who can tolerate a market-value adjustment on early surrender (a positive or negative reset based on prevailing rates) may earn a better lock on the with-MVA filing for what is otherwise a similar contract.
- The seven-year surrender ladder is long for a 3-year buyer, since surrender-charge years exceed the guarantee term on the shorter elections — a buyer choosing the 3-year term should be sure they will let it run to maturity or be ready to use only the annual free-withdrawal allowance until surrender charges burn off.
- The filing is not available in New York or Puerto Rico — 50 jurisdictions are on the current list (49 states plus DC). NY buyers will not find this product through Brighthouse and there is no separate NY-variant filing currently mapped.
- There is no premium bonus, no death-benefit roll-up, and no GLWB income rider on this contract — the death benefit is the standard contract value. Buyers prioritising legacy step-ups or a contractually guaranteed lifetime-income rate should evaluate those features on a different product.
Not ideal for
Buyers chasing a higher headline rate who can tolerate an MVA (use the with-MVA variant instead), buyers who want a shorter surrender commitment than 7 years on the short-term elections, buyers who need a GLWB income rider or a death-benefit roll-up, and residents of New York or Puerto Rico.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 4.3% |
| 5-Year | 4.85% |
| 7-Year | 5.05% |
Key Features
Free withdrawal
10%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
3Nursing home waiver, RMD waiver, Terminal illness waiver
Death benefit
Standard Death BenefitBeneficiary value depends on contract terms, withdrawals, and rider elections.
Annuitization options
Single lifeContract conversion options should be confirmed before purchase.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
Surrender Schedule
Yr 1
7%
Yr 2
7%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
After
0%
Nursing home waiver, RMD waiver, Terminal illness waiver, Surrender waivers
Carrier Ratings
Free Comparison Report
Get a personalized Brighthouse Fixed Rate Annuity illustration
See year-by-year projections for your specific age, premium, and income goals.