Brighthouse Premier Accumulator UL and Term Conversion Updates

News Image 03-10-2017

For Brighthouse Premier Accumulator Universal Life policies that have been issued or will be issued outside of New York, the following changes are effective April 28, 2017:

•The current interest crediting rate will be reduced to 4.00%. MetLife Solutions (MLS) has been updated to reflect the new interest crediting rate.

•The maximum face amount will be reduced to $5,000,000. This applies to new business and any inforce policies requesting an increase in face amount. In good order applications for policies with face amounts greater than $5,000,000 must be received in the Home Office by April 28, 2017.
In New York, Premier Accumulator Universal Life will continue to be issued by Metropolitan Life Insurance Company (MLIC). The current interest crediting rate will remain at 4.45% for policies that have been or will be issued by MLIC. Effective immediately, the maximum face amount for new business issued by MLIC will be reduced to $5,000,000.
To sell Premier Accumulator Universal Life in New York:

•Forms for paper applications are available at eforms.metlife.com or through the Life Sales Desk. Forms needed for Express Order Tickets (EOT) can only be requested through the Life Sales Desk. Submission of EOTs should follow the same process used to submit paper applications.

•New business illustrations will not be available in MetLife Solutions (MLS). Illustrations can be requested through the Life Sales Desk.

•In good order applications must be received in the Home Office by May 31, 2017 and policies must be issued by the earlier of June 30, 2017 or actual legal separation.


For Brighthouse Financial policies issued outside of New York, term policies may be converted to Brighthouse Premier Accumulator Universal Life issued by Brighthouse Life Insurance Company.

For Brighthouse Financial policies issued in New York, term policies may be converted to Whole Life 2008 issued by Metropolitan Life Insurance Company (MLIC). To convert to Whole Life 2008:

•MLIC term conversion forms for Whole Life 2008 are available at eforms.metlife.com.

•Whole Life 2008 illustrations can be run through the MetWins desktop illustration software. These should be run as new business Whole Life 2008 illustrations. Term conversion credits, if applicable, will not be illustrated, but they will be administered at the time of conversion. If you do not have access to MetWins, illustrations can be requested through the Life Sales Desk.

•In good order applications must be received in the Home Office by May 31, 2017 and policies must be issued by the earlier of June 30, 2017 or actual legal separation.

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