Product guide
SecureKey Fixed Indexed Annuities
A Fixed indexed from Brighthouse · reviewed from official materials, July 2026
Brighthouse's principal-protected indexed family: credits floored at zero, caps that are not an annual rate, and a market value adjustment.
The decoder
Reading the quote
A cap that is not an annual rate — above a 0% floor
SecureKey is the buffered family's conservative sibling: "The Index Credit will never be less than zero," so principal is protected from market loss. The cap is the ceiling on each term's credit and — their words — "is not an annual rate." Credits are computed on price-return indices, crediting variants (step, participation, participation-with-spread) shape the upside differently, and withdrawing early meets both a surrender schedule and a market value adjustment tied to Treasury-rate movement.
This is a classic fixed indexed annuity: zero-floor crediting linked to an index, caps and participation rates declared per term and reset within contractual minimums. The optional ReadyPay rider adds a lifetime-income layer — an Income Base times an age-based withdrawal rate — with its own zero-out rules worth reading closely.
The comparison frame from our FIA decoder applies directly: the insurer funds the upside from a bond-plus-options budget, which is why caps move with rates and credited returns historically land in fixed-income territory despite the equity-index label.
Key structural terms
- Minimum premium
- $25,000
- Issue ages
- 0–85 (50–85 with the ReadyPay income rider)
- Versions
- 5-, 7-, and 10-year, each with its own surrender schedule
- Surrender charges (7-year version)
- 9/8/7/6/5/4/3%, then 0 — the 5- and 10-year versions differ
- Free withdrawal
- 10% per year
- MVA
- Yes — direction follows Treasury (CMT) rates; floored at the guaranteed minimum surrender value
- Availability
- Not available in New York
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
An FIA's return is variable and capped; a payment stream's is fixed and stated. The FIA protects principal and keeps an account value; the stream commits capital to a known schedule at a known estimated yield. One is a hedged savings product, the other is committed income — they answer different questions.
The family mechanics are covered in our Fixed indexed 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.
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Pacific Structured Assets does not sell, distribute, or advise on SecureKey Fixed Indexed Annuities or any newly issued insurance product. This page is independent education for investors comparing income options.
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