“Brighthouse Prepares to Launch Life-LTC Hybrid”

Brighthouse Prepares to Launch Life-LTC Hybrid,” by Allison Bell, ThinkAdvisor

“Brighthouse Financial Inc. is preparing to introduce an indexed universal life (IUL) insurance policy designed for the long-term care (LTC) planning market. The new Brighthouse SmartCare IUL policy will offer purchasers access to a rider that can provide a pool of LTC benefits with a value linked to the performance of an investment index. Eric Steigerwalt, the president of Brighthouse, talked about the new IUL product today, during a conference call Brighthouse held to go over the company’s earnings for the fourth quarter of 2018 with securities analysts.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Is this insurance with security or investment with risk?