What is PrimElite IV?

Based on the literature from MetLife, as well as MetLife’s website, the MetLife PrimElite IV annuity is described as a variable annuity that provides investors with a total of 39 different investment options, and the ability to select various asset allocations.

Is Primerica an annuity?

The company only sells term life policies. It has over $808 billion of term life insurance in force. Besides life insurance, Primerica also sells annuities and investment products.

What is LWG rider?

A Brighthouse Prime Options variable annuity and optional Brighthouse Lifetime Withdrawal Guarantee (LWG) living benefit rider can provide simple and predictable lifetime income.

Is Brighthouse shield a variable annuity?

Shield ® Level Annuities A Brighthouse Shield ® Level Annuity is an index-linked annuity, which means it doesn’t invest directly in the markets. Instead, it offers growth opportunities by tracking the performance of a market index.

What is a universal annuity?

Universal annuity life insurance is a hybrid between life insurance and a retirement savings product. Like most other life insurance products, it pays a set benefit when you die. Along the way, it also builds up cash value and pays a return on that value.

What is a non qualified deferred annuity?

Nonqualified variable annuities are tax-deferred investment vehicles with a unique tax structure. While you won’t receive a tax deduction for the money you contribute, your account grows without incurring taxes until you take money out, either through withdrawals or as a regular income in retirement.

How does Gmib rider work?

A guaranteed minimum income benefit (GMIB) is an optional rider that annuitants can purchase for their retirement annuities. When the annuity has been annuitized, this specific option guarantees that the annuitant will receive a minimum value of payments on a regular basis, regardless of other circumstances.

What is a 6-year annuity?

Brighthouse Shield® Level Select 6-Year Annuity is a long-term contract intended for retirement or other long-term investment purposes. It uses a portion of retirement assets to help participate in market growth opportunities with a level of downside protection other investment options may not provide.

What is the difference between MetLife and Brighthouse financial?

Brighthouse Financial and MetLife, Inc. are two separate, publicly traded companies. In June 2018, MetLife, Inc. divested all the minority ownership stake in Brighthouse Financial that it retained following the completion of the spin-off.

Is Primerica a good life insurance company?

Primerica received this award in 2019 and 2020. AM Best: AM Best as of October 1, 2020. Primerica’s life companies’ financial strength is rated A+ (Superior) by AM Best, the oldest and most prominent rating agency in the industry.

How much does it cost to become a Primerica representative?

New representatives affiliating with Primerica must complete the Independent Business Application (IBA) and pay a one-time fee of $99 in the U.S. or $103.95 (includes applicable taxes) in Canada. New representatives of the Primerica sales force who have questions concerning the IBA fees should refer to their IBA.

Is Primerica a Forbes 1000 company?

Primerica was named to FORTUNE® 1000 for the first time in 2020. Forbes’ annual ratings identify the 50 most trustworthy companies in America based on their accounting and governance practices. Primerica was chosen for this award in 2015.

What is the Primerica ranking?

This annual ranking surveys women working for organizations with 1,000 workers or more and evaluates the organization’s culture, opportunities for career development, image, working conditions, salary, and wages and diversity. Primerica received this award in 2019 and 2020. AM Best: AM Best as of October 1, 2020.

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