T-FLEX
Product ID: 59
Vendor:
Type:
Fixed Annuity
3.5%
AM Best:
Moody's:
S&P:
6 Years / 7.00%
Yes
Roth Eligible
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Set as My Product
Enrollment and Questions
Use the following contact information to enroll or ask questions.
E-mail:
Address:
Website:
Phone:
(833) 208-3018
E-mail:
Address:
Brighthouse Financial
PO Box 4261
Clinton, IA 52733-4261
PO Box 4261
Clinton, IA 52733-4261
In-person:
Questions about enrollment?
View the Contact Information tab on the Vendor Details page for a list of office locations.
View the Contact Information tab on the Vendor Details page for a list of office locations.
- Product Details
- Fees and Charges
A fixed annuity that offers a competitive interest rates which can help you create a future retirement income that you cannot outlive.
Select the topics below to expand and view additional product details
Death benefit is the accumulated cash value
The minimum loan amount is $1000.00 and the maximum loan interest is 8% per year. While a loan is outstanding, the Contract Value that is equal to the loan amount will be credited with interest of not less than 3% per year. We will notify You of the initial rate that will be credited when the loan is granted. We reserve the right to change the interest rate in the future, but it will never be less than 3% per year.
Hardship withdrawals may be available based on the terms of your Contract/Certificate, as well as the terms of the Qualified Retirement Plan that your Contract/Certificate is subject to.
An "Auto Required Minimum Distribution" Program may be available under the terms of your Contract/Certificate, as well as the terms of the Qualified Retirement Plan that your Contract/Certificate is subject to. The "Auto Required Minimum Distribution" Program is a program that will automatically calculate and pay out your Required Minimum Distribution on an annual basis.
Yes
Riders are amendments to the annuity contract that typically add to your costs. make sure you inquire about any additional costs. The following riders exist for this product:
Cash Loan Rider:
This Rider, if added to the base Contract, allows for Loans to be taken from the Product. Loans are available at the discretion of the Plan Sponsor.
This Rider, if added to the base Contract, allows for Loans to be taken from the Product. Loans are available at the discretion of the Plan Sponsor.
The Company will make Annuity payments during the joint lifetime of two persons on whose lives payments are based and during the lifetime of the survivor. No further payments are made after the death of the survivor.
The Company will make Annuity payments during the lifetime of the Annuitant ending with the last payment before death. This option offers the maximum periodic payment, since there is no assurance of a minimum number of payments or provision for a death benefit for beneficiaries.
The Company will make payments for the specified period.
Available as an option.
Life Annuity with 120, 180 or 240 monthly payments assured. If the Annuitant dies before the specified period payment is completed, the Company will continue to make payments to the beneficiary for the remainder of the defined period.
Other Annuity Options:
The Company may make other arrangements for Annuity payments as mutually agreed upon by both parties.
The Company may make other arrangements for Annuity payments as mutually agreed upon by both parties.
These rates may change without notice. Contact your provider for the most current rates.
All 403(b) products contain fees. The amount of fees varies greatly depending on the product. A slight increase in fees can
substantially reduce the growth in your account which will reduce your income in retirement. To learn more about the impact
of fees, and the different types of fees please refer to the
Explanation of Fees piece located in the
Help & Resources.
Surrender Charges
| Surrender Period* | Surrender Percentage |
|---|---|
| 1 | 7.00% |
| 2 | 7.00% |
| 3 | 7.00% |
| 4 | 7.00% |
| 5 | 7.00% |
| 6 | 0.00% |
*Expressed in contract years
Surrender Penalty Charge assessed on a "rolling" basis:
We do not deduct a sales charge from Purchase Payments when they are made to the Contract. However, a Deferred Sales Charge will apply on each Purchase Payment withdrawn before they have been in the Contract for six years.
Exceptions to the Surrender Charge:
Other Restrictions:
Exceptions to the Surrender Charge:
Death:
Yes
Disability:
Yes
10% Free Withdrawal available beginning in the second Contract year and is subject to applicable tax laws.
Other exceptions to the Surrender Charge may be available. Please refer to your Contract for details.
