Brighthouse Premier Accumulator Universal Life (PAUL) is giving clients even more value. Beginning on May 1st, 2017, PAUL issued by Brighthouse Life Insurance Company will be updated to feature no surrender charges.
Here is a list of states where PAUL is issued by Brighthouse Life Insurance Company and will have no surrender charges beginning on May 1st:
| Alabama | Alaska | Arizona | Arkansas | Colorado |
| Connecticut | Delaware | Washington, D.C. | Florida | Georgia |
| Hawaii | Idaho | Illinois | Indiana | Iowa |
| Kansas | Kentucky | Louisiana | Maine | Maryland |
| Massachusetts | Michigan | Minnesota | Mississippi | Montana |
| Nebraska | Nevada | New Jersey | New Mexico | North Carolina |
| North Dakota | Ohio | Oklahoma | Oregon | Pennsylvania |
| Rhode Island | South Carolina | South Dakota | Tennessee | Texas |
| Utah | Vermont | Washington | West Virginia | Wisconsin |
| Wyoming |
Brighthouse Life Insurance Company and Brighthouse Life Insurance Company of NY are seeking approval for no surrender charges in the following states:
| California | Missouri | New Hampshire | New York | Puerto Rico |
| Virginia |
Please note that PAUL with surrender charges will continue to be available in these states until the no surrender charge version is approved. In New York, PAUL with surrender charges is issued by Metropolitan Life Insurance Company.
For a real-time up to date list of state approvals, log onto www.brighthousefinancialpro.com to view our State Approval Grid.
Transition Rules
Applications submitted on or after May 1st in approved states will receive PAUL with no surrender charges. In good order applications submitted in approved states prior to May 1st will receive PAUL with surrender charges. For these cases, applications can be amended to PAUL with no surrender charges prior to a policy being issued.
Existing PAUL policyowners whose applications were submitted on or after March 6th will be eligible for a reissued policy with no surrender charges. These policyowners and their advisors will be contacted individually in a separate communication.