Brighthouse Fixed Rate Annuity with MVA
Brighthouse Financial
5%
5-yr guarantee
10%
Free W/D
49
Jurisdictions
Live product data
Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.
5-year guaranteed rate
5% guaranteed for 5 years
A 3/5/7-year multi-year guaranteed annuity from an A-rated Brighthouse with a market-value adjustment on early surrender in exchange for higher guaranteed rates than the carrier's non-MVA fixed-rate filing.
Best fit
Buyers who want a higher guaranteed rate than Brighthouse's non-MVA filing and are willing to accept a market-value adjustment on early surrender, plan to let the contract run to maturity (or limit withdrawals to the annual free-withdrawal allowance), and want the rate uplift available at the higher premium band.
AM Best
A Excellent
Surrender period
7 years
Free withdrawal
10%/yr
Availability
49 jurisdictions (excl. California, New York)
Product analyst notes
How to think about this contract
Why it can stand out
- Carries higher guaranteed rates than Brighthouse's non-MVA Fixed Rate Annuity on every published term, so a buyer willing to accept the MVA mechanic on early surrender is paid for that flexibility with a better lock.
- Three guaranteed-term elections — 3, 5, and 7 years — on the same contract, so the buyer can match the lock to their horizon without switching carriers.
- An annual free-withdrawal allowance applies on top of the lock, so a portion of the contract value stays accessible every year without triggering surrender charges or the MVA.
- Higher premium tiers earn an explicit rate uplift on every term — band breakpoints are visible in the live feed — so larger deposits are paid more for the same lock.
What to confirm
- The MVA can cut both ways on early surrender. If prevailing market rates have risen since issue, an MVA-adjusted surrender value can come back below the contract value — the buyer carries that rate-risk in exchange for the higher guaranteed credit. Buyers who may need full liquidity before the term ends should compare the non-MVA Brighthouse Fixed Rate Annuity, which posts lower rates but no MVA exposure.
- Free-withdrawal events, RMDs, and contract-maturity withdrawals are typically exempt from the MVA, but a full early surrender is not — read the contract carefully on the MVA's scope before electing this filing.
- The seven-year surrender ladder is long for a 3-year buyer, since the surrender period exceeds the guarantee term on the shorter elections. A 3-year buyer should plan to let the contract mature or limit withdrawals to the annual free-withdrawal allowance until charges burn off.
- Filing is not available in California, New York, or Puerto Rico — 49 jurisdictions are on the current list. CA and NY buyers should compare the non-MVA Brighthouse Fixed Rate Annuity (sold in 50 jurisdictions outside NY, including CA) or look at other carriers' state filings.
Not ideal for
Buyers who may need full liquidity before the term ends (the MVA can produce a negative surrender adjustment), residents of California, New York, or Puerto Rico, and buyers who want a GLWB income rider, premium bonus, or death-benefit roll-up — none of those apply on this contract.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 4.45% |
| 5-Year | 5% |
| 7-Year | 5.2% |
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
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