Product guide
Brighthouse Fixed Rate Annuity
A MYGA from Brighthouse · reviewed from official materials, July 2026
Brighthouse's MYGA: a genuine guaranteed rate for 3, 5, or 7 years — with the renewal line as the fine print that matters.
The decoder
Reading the quote
A true guaranteed rate — read the renewal sentence
The quoted number is real compound interest for the initial guarantee period. Brighthouse's own fact card then says the part most buyers skip: at the end of the period the contract "will automatically renew into a subsequent guarantee period of 1 year at the then-current renewal interest rate," and "renewal interest rates will generally be lower than the initial guaranteed interest rate." The honest rate has an expiration date; passivity is priced in.
A straightforward multi-year guaranteed annuity in two flavors — with and without an MVA on excess withdrawals during the guarantee period. The optional Principal Guarantee Rider buys return-of-premium certainty at the cost of a lower initial rate, a clean illustration of how every protection in this family is paid for somewhere.
After the initial term the product converts to one-year renewals with no surrender charge — full flexibility, but at renewal rates the carrier sets. Buyers who intend to shop at renewal get the product's best version; buyers who drift do not.
Key structural terms
- Minimum premium
- $25,000; enhanced rate at $100,000+
- Maximum issue age
- 85
- Guarantee periods
- 3, 5, or 7 years
- Surrender charges
- 7/7/7% (3-yr) · +6/5% (5-yr) · +4/3% (7-yr); none in renewal periods
- Free withdrawal
- 10% per year, plus RMDs
- Versions
- With or without a market value adjustment; optional return-of-premium rider (lowers the rate)
Structural terms summarized from Brighthouse's official product materials as reviewed in July 2026. Terms vary by state and change over time — confirm every detail with the carrier or its representative before acting. Current rates are deliberately not printed here.
The comparison
Against a payment stream
The cleanest comparison in the family: both quote a real rate on a fixed obligation. The MYGA keeps principal accessible (with penalties) and guaranty-association cover; the payment stream typically quotes a meaningfully higher effective yield, locked for the life of the schedule, without the account value or the guaranty net. It is a genuine risk-for-yield trade, and it should be made knowingly.
The family mechanics are covered in our MYGA decoder; what the secondary market pays right now is on the current estimated yields page. And because Brighthouse also stands behind payment streams we list, its role as an issuer is profiled on our Brighthouse carrier page.
Pacific Structured Assets, Inc. is an independent company. We are not affiliated with, endorsed by, sponsored by, or otherwise connected to any insurance company, annuity issuer, state lottery, or other payment obligor named on this website. Issuer and carrier names are used solely to identify the entity obligated to make the scheduled payments on a particular payment stream. All company names, trademarks, and service marks are the property of their respective owners; their appearance here is for identification purposes only and does not imply any partnership, agency, sponsorship, endorsement, or other business relationship. No issuer named on this website has reviewed, approved, or endorsed any of its content.
Pacific Structured Assets does not sell, distribute, or advise on Brighthouse Fixed Rate Annuity or any newly issued insurance product. This page is independent education for investors comparing income options.
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