Brighthouse Financial Shield Options Instant

| Feature | Direct Index Investment (No Shield) | Brighthouse Shield Option | | :--- | :--- | :--- | | | None. You lose 1:1 with the index. | Partial. Shield absorbs first 10-30% of losses. | | Upside Potential | Unlimited. You capture 100% of the gain. | Capped. You only receive gains up to a predetermined rate. | | Dividends | You receive dividends (typically 1-2% annually). | You do not receive dividends. The cap is based on price return only. | | Liquidity | High. You can sell any trading day. | Low. Surrender charges and market value adjustments apply for early withdrawal. |

These options are not day-trading tools; they are long-term, buy-and-hold strategies typically held within a multi-year annuity contract. Every Shield Option is defined by three critical numbers: the Index , the Term , the Shield Level , and the Cap Rate . brighthouse financial shield options

For the right investor—one who is risk-aware, has a multi-year time horizon, and values sleep-well-at-night security—these options can be a powerful component of a diversified retirement portfolio. However, they are complex products. Always read the prospectus carefully and work with a fee-only fiduciary advisor to ensure the trade-offs align with your specific financial goals. In a world of uncertainty, a shield can be a wise companion—as long as you understand exactly how much it weighs and what it can, and cannot, protect you from. | Feature | Direct Index Investment (No Shield)

Unlike a traditional fixed annuity that guarantees a set interest rate, or a variable annuity that exposes you to full market risk, Shield Options provide a defined range of outcomes. If the market index performs well, you receive a portion of the gains up to a specified cap. If the market performs poorly, the "shield" absorbs the first portion of the losses. Only if the market falls beyond the shield's buffer do you begin to lose principal. Shield absorbs first 10-30% of losses

The cap rate is the maximum percentage of index gain that you will receive. It is declared at the start of the term. For example, if the index goes up 18% over the term and your cap is 12%, you will receive exactly 12%. If the index goes up only 8% and your cap is 12%, you receive the full 8%.