04/25/2024 | Press release | Distributed by Public on 04/25/2024 10:50
Page
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Glossary
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3
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Important Information You Should Consider About the Contract
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5
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Overview of the Contract
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8
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Benefits Available Under the Contract
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10
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Buying the Contract
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12
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Making Withdrawals: Accessing the Money in Your Contract
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13
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Additional Information About Fees
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14
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Appendix A: Underlying Funds Available Under the Contract
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A-1
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Fees and Expenses
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Location in
Prospectus
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Charges for Early
Withdrawals
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Your Contract will specify whether a surrender charge or a contingent
deferred sales charge ("CDSC") applies to amounts withdrawn from the
Contract.
For Contracts issued on or after May 24, 2005. If You withdraw money
during the first 5Contract Years, You may be assessed a surrender charge of
up to 5%, as a percentage of the amount withdrawn.
For Contracts issued before May 24, 2005. If You withdraw money during
the first 8 Contract Years, You may be assessed a surrender charge of up to
5%, as a percentage of the amount withdrawn. Alternatively, Your Contract
may provide for a CDSC of 5.5%, as percentage of each Purchase Payment,
withdrawn for a period of five years from the date the Purchase Payment
was made.
For example, if You invest $100,000 in the Contract and make an early
withdrawal, You could pay a surrender charge of up to $5,000 or a CDSC of
$5,500.
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Fee Table and
Examples
Charges and
Deductions -
Surrender
Charge/Contingent
Deferred Sales
Charge
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Transaction
Charges
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In addition to charges for early withdrawals, You may also be charged for
other transactions. There may be taxes on Purchase Payments, loan
initiation fees, and installation charges for Plans with small Participant
accounts.
Transfer Fee. Currently, We do not charge for transfers. However, We
reserve the right to charge for transfers after the first 12 transfers per year.
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Fee Table and
Examples
Charges and
Deductions
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Ongoing Fees and
Expenses (annual
charges)
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The table below describes the fees and expenses that You may pay each
year, depending on the options You choose. Please refer to Your Contract
specifications page for information about the specific fees You will pay each
year based on the options You have elected.
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Fee Table and
Examples
Charges and
Deductions
Appendix A:
Underlying Funds
Available Under
the Contract
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Annual Fee
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Minimum
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Maximum
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Base Contract1
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1.53%
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1.53%
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Investment options
(Portfolio Company fees
and expenses)2
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0.28%
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1.36%
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1As a percentage of average daily net assets of the Separate Account. This charge also includes
the Semi-Annual Administrative Charge.
2As a percentage of Underlying Fund assets before temporary expense reimbursements and/or
fee waivers.
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Because Your Contract is customizable, the choices You make affect how
much You will pay. To help You understand the cost of owning Your
Contract, the following table shows the lowest and highest cost You could
pay each year, based on current charges. This estimate assumes that You do
not take withdrawals from the Contract, which could add withdrawal
charges that substantially increase costs.
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Lowest Annual Cost
$1,642
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Highest Annual Cost
$2,596
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Assumes:
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Assumes:
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•Investment of $100,000
•5% annual appreciation
•Least expensive Portfolio Company
fees and expenses
•No additional Purchase Payments,
transfers, or withdrawals
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•Investment of $100,000
•5% annual appreciation
•Most expensive Portfolio
Company fees and expenses
•No additional Purchase
Payments, transfers, or
withdrawals
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Risks
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Location in
Prospectus
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Risk of Loss
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You can lose money by investing in this Contract, including loss of
principal.
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Principal Risks of
Investing in the
Contract
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Not a Short-Term
Investment
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•This Contract is not a short-term investment and is not appropriate for an
investor who needs ready access to cash.
•Surrender charges or a CDSC may apply for the first 5 years or 8 years of
the Contract. Surrender charges or a CDSC will reduce the value of Your
Contract if You withdraw money during that time period.
•The benefits of tax deferral also mean the Contract is more beneficial to
investors with a long time horizon.
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Principal Risks of
Investing in the
Contract
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Risks Associated
with Investment
Options
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•An investment in this Contract is subject to the risk of poor investment
performance and can vary depending on the performance of the
investment options available under the Contract (e.g., Underlying Funds).
•Each investment option, including the Fixed Account, has its own unique
risks.
•You should review the prospectuses for the available Underlying Funds
and the prospectus disclosure for the Fixed Account before making an
investment decision.
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Principal Risks of
Investing in the
Contract
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Insurance
Company Risks
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An investment in the Contract is subject to the risks related to Us. Any
obligations (including under the Fixed Account) and guarantees and
benefits of the Contract that exceed the assets of the Separate Account are
subject to Our claims-paying ability. If We experience financial distress, We
may not be able to meet Our obligations to You. More information about
Brighthouse Life Insurance Company, including Our financial strength
ratings, is available by contacting Us at (888) 243-1968.
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Principal Risks of
Investing in the
Contract
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Restrictions
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Investments
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•Currently, We allow unlimited transfers without charge among investment
options during the Accumulation Period. However, We reserve the right
to impose a charge for transfers in excess of 12 per year.
•We reserve the right to limit the number of transfers in circumstances of
frequent or large transfers.
•Transfers to and from the Fixed Account are subject to special limitations.
•We reserve the right to remove or substitute the Underlying Funds that
are available as investment options under the Contract.
•If You participate through a retirement Plan, your Plan may limit your
Funding Options .
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Transfers
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Optional Benefits
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•You must select a specific Annuity option to exercise the Variable
Liquidity Benefit during the Annuity Period.
• We may stop offering this optional benefit at any time for new sales.
•The availability of benefits may vary by employer or Plan administrator.
You should reference Your Plan documents or speak with Your employer
or Plan administrator for the benefits available to You.
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Payment Options
- Variable
Liquidity Benefit
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Taxes
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Tax Implications
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•Consult with a tax professional to determine the tax implications of an
investment in and payments received under this Contract.
•If You purchase the Contract through a tax-qualified plan or individual
retirement account, You do not get any additional tax benefit.
•You will generally not be taxed on increases in the value of the Contract
until they are withdrawn. Withdrawals will be subject to ordinary income
tax, and may be subject to tax penalties if You take a withdrawal before
age 59½.
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Federal Tax
Considerations
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Conflicts of Interest
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Location in
Prospectus
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Investment
Professional
Compensation
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Investment professionals may receive compensation for selling this Contract
in the form of commissions, additional cash benefits (e.g., bonuses), and
non-cash compensation. This conflict of interest may influence an
investment professional to recommend this Contract over another
investment for which the investment professional is not compensated or
compensated less.
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Other
Information -
Distribution of
the Contracts
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Exchanges
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If You already own an insurance contract, some investment professionals
may have a financial incentive to offer You a new contract in place of the
one You own. You should only exchange a contract You already own if You
determine, after comparing the features, fees, and risks of both contracts,
that it is better for You to purchase the new contract rather than continue to
own Your existing contract.
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Other
Information -
Distribution of
the Contracts
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Name of
Benefit
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Purpose
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Standard
or
Optional
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Maximum
Fee
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Brief Description of
Restrictions /
Limitations
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Death Benefit
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Provides a death benefit at
least equal to the Contract
Value (less any amounts
due) to Your
Beneficiary(ies) if You die
during the Accumulation
Period
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Standard
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No Charge
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•Amount payable
depends on multiple
factors, such as type of
Contract, age at time of
death, Contract Value ,
total Purchase Payments ,
and prior withdrawals
•Withdrawals may
significantly reduce the
benefit
•May not be available
under an unallocated
Contract
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Dollar Cost
Averaging
(DCA)
Program
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Allows You to
systematically transfer a set
amount from a Funding
Option or the Fixed
Account (if available) to
one or more Funding
Options on a monthly or
quarterly basis
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Standard
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No Charge
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•Available only during the
Accumulation Period
•Must have a minimum
total Contract Value of
$5,000 to enroll
•Minimum transfer
amount is $400
•Fixed Account Value
must not be depleted in
less than 12 months from
date of enrollment
•May only have one DCA
program in place at one
time
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Systematic
Withdrawal
Program
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Allows You to receive
regular automatic
withdrawals from Your
Contract
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Standard
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No Charge
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•Each payment must be at
least $50
•Withdrawals may only
be on a monthly,
quarterly, semi-annual,
or annual basis
•Must have a minimum
total Cash Value of
$5,000 to enroll
•Must provide at least
30 days' notice to
change instructions
•Upon 30-day written
notice, We may
discontinue this feature
at any time.
•We reserve the right to
charge a processing fee
in the future (if We do
so, We will inform You in
writing 30 days in
advance)
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Name of
Benefit
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Purpose
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Standard
or
Optional
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Maximum
Fee
|
Brief Description of
Restrictions /
Limitations
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Variable
Liquidity
Benefit
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Provides liquidity during
the Annuity Period by
allowing the Owner to
take withdrawals during
the Annuity Period based
on the present value of
Your remaining Annuity
Payments
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Optional
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5% upon exercise
(as a percentage of
the amount
withdrawn)
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•Only offered in
connection with a
specific Annuity option
that includes payments
for a fixed period
•Withdrawals may
significantly reduce or
eliminate remaining
Annuity Payments
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Withdrawal Charges and Taxes
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There may be withdrawal charges and tax implications
when You take out money.
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Negative impact on benefits and guarantees of Your
Contract
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A withdrawal may have a negative impact on certain
benefits and guarantees that You may elect. It may
significantly reduce the value or even terminate the
benefit.
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Internal Revenue Code or Retirement Plan
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Depending on the circumstances, the Internal Revenue
Code or Your retirement plan may restrict Your ability to
take withdrawals.
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Surrender Charge(1), (2), (3)
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5%
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(as a percentage of amount surrendered)
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Contingent Deferred Sales Charge ("CDSC")(3)
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(only Contracts issued prior to May 24, 2005) (as a percentage of Purchase Payments
wihtdrawn)
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If withdrawn within 5 years after the Purchase Payment is made
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5.50%
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If withdrawn 5 or more years after the Purchase Payment is made
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0.00%
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Account Reduction Loan Initiation Fee
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$75
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Installation Charge(4)
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$1,000
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(one-time charge applicable to allocated Contracts that has an average per Participant balance
of less than $5,000 as of the effective date of the Contract)
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Contract Year
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Surrender Charge
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Greater than or Equal to
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But less than
|
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0 years
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1 years
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5%
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1 years
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2 years
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4%
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2 years
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3 years
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3%
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3 years
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4 years
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2%
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4 years
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5 years
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1%
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5 + years
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0%
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Contract Year
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Surrender Charge
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Greater than or Equal to
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But less than
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0 years
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2 years
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5%
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2 years
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4 years
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4%
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4 years
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6 years
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3%
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6 years
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8 years
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2%
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8 + years
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0%
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Administrative Expenses (1)
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$15
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(per Participant individual Account) (allocated Contracts only)
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Base Contract Charge(2), (3)
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(as a percentage of the average daily net assets of the Separate Account)
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Aggregate Contract Assets
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Base Contract Charge
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$0 - $249,999.99
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1.50%
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$250,000 - $999,999.99
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1.30%
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$1,000,000 - $2,999,999.99
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1.05%
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$3,000,000 and over
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0.80%
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Minimum
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Maximum
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Total Annual Underlying Fund Expenses
|
||
(expenses that are deducted from Underlying Fund assets, including management fees,
distribution and/or service (12b-1) fees, and other expenses)
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0.28%
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1.36%
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If Contract is surrendered at the
end of period shown:
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If Contract is NOT surrendered or
annuitized at the end of period shown:
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Funding Option
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1 year
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3 years
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5 years
|
10 years
|
1 year
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3 years
|
5 years
|
10 years
|
Underlying Fund with Maximum Total Annual Operating
Expenses
|
||||||||
$8,440
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$14,504
|
$20,820
|
$32,284
|
$2,940
|
$9,004
|
$15,320
|
$32,284
|
|
Underlying Fund with Minimum Total Annual Operating
Expenses
|
||||||||
$7,270
|
$10,984
|
$14,942
|
$20,510
|
$1,770
|
$5,484
|
$9,442
|
$20,510
|
Investment Objectives
|
Portfolio Company and
Adviser/Sub-Adviser
|
Current
Expenses
|
Average Annual
Total Returns
(as of 12/31/2023)
|
||
1
Year
|
5
Year
|
10
Year
|
|||
Seeks long-term growth of
capital.
|
American Funds Global Growth Fund -
Class 2#
Capital Research and Management
CompanySM
|
0.66%
|
22.60%
|
13.65%
|
9.58%
|
Seeks growth of capital.
|
American Funds Growth Fund - Class 2
Capital Research and Management
CompanySM
|
0.59%
|
38.49%
|
18.68%
|
14.36%
|
Seeks long-term growth of
capital and income.
|
American Funds Growth-Income Fund
- Class 2
Capital Research and Management
CompanySM
|
0.53%
|
26.14%
|
13.36%
|
10.91%
|
Seeks a balance between a
high level of current
income and growth of
capital, with a greater
emphasis on growth of
capital.
|
American Funds® Balanced Allocation
Portfolio - Class C‡
Brighthouse Investment Advisers, LLC
|
0.96%
|
16.49%
|
8.48%
|
6.67%
|
Seeks growth of capital.
|
American Funds® Growth Allocation
Portfolio - Class C‡
Brighthouse Investment Advisers, LLC
|
0.99%
|
20.27%
|
10.43%
|
8.01%
|
Seeks a high total return in
the form of income and
growth of capital, with a
greater emphasis on
income.
|
American Funds® Moderate Allocation
Portfolio - Class C‡
Brighthouse Investment Advisers, LLC
|
0.94%
|
12.91%
|
6.76%
|
5.49%
|
Seeks to maximize total
return, consistent with
income generation and
prudent investment
management.
|
BlackRock High Yield Portfolio -
Class A#
Brighthouse Investment Advisers, LLC
Subadviser: BlackRock Financial
Management, Inc.
|
0.65%
|
13.41%
|
5.92%
|
4.79%
|
Seeks growth of capital.
|
Brighthouse Asset Allocation 100
Portfolio - Class B‡
Brighthouse Investment Advisers, LLC
|
0.99%
|
20.81%
|
11.55%
|
7.92%
|
Investment Objectives
|
Portfolio Company and
Adviser/Sub-Adviser
|
Current
Expenses
|
Average Annual
Total Returns
(as of 12/31/2023)
|
||
1
Year
|
5
Year
|
10
Year
|
|||
Seeks long-term capital
appreciation.
|
Brighthouse Small Cap Value Portfolio -
Class B#
Brighthouse Investment Advisers, LLC
Subadviser: Delaware Investments Fund
Advisers, a series of Macquarie
Investment Management Business Trust,
and Allspring Global Investments, LLC
|
1.12%
|
13.95%
|
10.81%
|
7.17%
|
Seeks capital appreciation.
|
Brighthouse/abrdn Emerging Markets
Equity Portfolio - Class A#
Brighthouse Investment Advisers, LLC
Subadviser: abrdn Investments Limited
|
0.96%
|
6.67%
|
3.14%
|
1.56%
|
Seeks long-term capital
appreciation.
|
Brighthouse/Wellington Large Cap
Research Portfolio - Class E#
Brighthouse Investment Advisers, LLC
Subadviser: Wellington Management
Company LLP
|
0.69%
|
25.51%
|
15.21%
|
11.54%
|
Seeks total return through
investment in real estate
securities, emphasizing
both capital appreciation
and current income.
|
CBRE Global Real Estate Portfolio -
Class A#
Brighthouse Investment Advisers, LLC
Subadviser: CBRE Investment
Management Listed Real Assets LLC
|
0.65%
|
12.87%
|
6.40%
|
4.65%
|
Seeks long-term capital
appreciation.
|
Harris Oakmark International Portfolio -
Class A#
Brighthouse Investment Advisers, LLC
Subadviser: Harris Associates L.P.
|
0.73%
|
19.26%
|
7.50%
|
3.45%
|
Seeks capital growth and
income.
|
Invesco Comstock Portfolio - Class B#
Brighthouse Investment Advisers, LLC
Subadviser: Invesco Advisers, Inc.
|
0.81%
|
12.21%
|
13.33%
|
8.86%
|
Seeks capital appreciation.
|
Invesco Global Equity Portfolio -
Class E#
Brighthouse Investment Advisers, LLC
Subadviser: Invesco Advisers, Inc.
|
0.73%
|
34.73%
|
12.31%
|
8.52%
|
Seeks long-term growth of
capital.
|
Invesco Small Cap Growth Portfolio -
Class A#
Brighthouse Investment Advisers, LLC
Subadviser: Invesco Advisers, Inc.
|
0.81%
|
12.33%
|
8.90%
|
7.66%
|
Seeks long-term capital
growth.
|
JPMorgan Small Cap Value Portfolio -
Class A#
Brighthouse Investment Advisers, LLC
Subadviser: J.P. Morgan Investment
Management Inc.
|
0.77%
|
13.21%
|
10.68%
|
6.55%
|
Seeks long-term growth of
capital.
|
Loomis Sayles Growth Portfolio -
Class A#
Brighthouse Investment Advisers, LLC
Subadviser: Loomis, Sayles & Company,
L.P.
|
0.55%
|
52.06%
|
16.39%
|
10.80%
|
Seeks capital appreciation.
|
MFS® Research International Portfolio -
Class B#
Brighthouse Investment Advisers, LLC
Subadviser: Massachusetts Financial
Services Company
|
0.90%
|
12.82%
|
8.54%
|
4.17%
|
Investment Objectives
|
Portfolio Company and
Adviser/Sub-Adviser
|
Current
Expenses
|
Average Annual
Total Returns
(as of 12/31/2023)
|
||
1
Year
|
5
Year
|
10
Year
|
|||
Seeks maximum real return,
consistent with preservation
of capital and prudent
investment management.
|
PIMCO Inflation Protected Bond
Portfolio - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Pacific Investment
Management Company LLC
|
0.68%
|
3.74%
|
3.28%
|
2.32%
|
Seeks maximum total
return, consistent with the
preservation of capital and
prudent investment
management.
|
PIMCO Total Return Portfolio - Class B#
Brighthouse Investment Advisers, LLC
Subadviser: Pacific Investment
Management Company LLC
|
0.80%
|
6.05%
|
1.01%
|
1.60%
|
Seeks long-term capital
appreciation by investing in
common stocks believed to
be undervalued. Income is
a secondary objective.
|
T. Rowe Price Large Cap Value Portfolio
- Class B#
Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates,
Inc.
|
0.78%
|
9.64%
|
11.26%
|
8.66%
|
Seeks high total return by
investing in equity
securities of mid-sized
companies.
|
Victory Sycamore Mid Cap Value
Portfolio - Class B#
Brighthouse Investment Advisers, LLC
Subadviser: Victory Capital Management
Inc.
|
0.85%
|
9.94%
|
14.38%
|
8.30%
|
Seeks a competitive total
return primarily from
investing in fixed-income
securities.
|
BlackRock Bond Income Portfolio -
Class A#
Brighthouse Investment Advisers, LLC
Subadviser: BlackRock Advisors, LLC
|
0.39%
|
5.84%
|
1.53%
|
2.20%
|
Seeks long-term growth of
capital.
|
BlackRock Capital Appreciation Portfolio
- Class A#
Brighthouse Investment Advisers, LLC
Subadviser: BlackRock Advisors, LLC
|
0.57%
|
49.61%
|
16.15%
|
12.88%
|
Seeks a high level of current
income consistent with
prudent investment risk and
preservation of capital.
|
BlackRock Ultra-Short Term Bond
Portfolio - Class E#
Brighthouse Investment Advisers, LLC
Subadviser: BlackRock Advisors, LLC
|
0.51%
|
4.90%
|
1.60%
|
1.06%
|
Seeks a high level of current
income, with growth of
capital as a secondary
objective.
|
Brighthouse Asset Allocation 20 Portfolio
- Class B#‡
Brighthouse Investment Advisers, LLC
|
0.89%
|
7.83%
|
3.62%
|
3.05%
|
Seeks high total return in
the form of income and
growth of capital, with a
greater emphasis on
income.
|
Brighthouse Asset Allocation 40 Portfolio
- Class B‡
Brighthouse Investment Advisers, LLC
|
0.89%
|
10.52%
|
5.60%
|
4.34%
|
Seeks a balance between a
high level of current
income and growth of
capital, with a greater
emphasis on growth of
capital.
|
Brighthouse Asset Allocation 60 Portfolio
- Class B‡
Brighthouse Investment Advisers, LLC
|
0.91%
|
13.59%
|
7.72%
|
5.67%
|
Seeks growth of capital.
|
Brighthouse Asset Allocation 80 Portfolio
- Class B‡
Brighthouse Investment Advisers, LLC
|
0.94%
|
17.30%
|
9.75%
|
6.91%
|
Investment Objectives
|
Portfolio Company and
Adviser/Sub-Adviser
|
Current
Expenses
|
Average Annual
Total Returns
(as of 12/31/2023)
|
||
1
Year
|
5
Year
|
10
Year
|
|||
Seeks long-term capital
appreciation with some
current income.
|
Brighthouse/Wellington Balanced
Portfolio - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Wellington Management
Company LLP
|
0.53%
|
18.10%
|
10.09%
|
8.07%
|
Seeks to provide a growing
stream of income over time
and, secondarily, long-term
capital appreciation and
current income.
|
Brighthouse/Wellington Core Equity
Opportunities Portfolio - Class A#
Brighthouse Investment Advisers, LLC
Subadviser: Wellington Management
Company LLP
|
0.61%
|
7.66%
|
13.12%
|
10.36%
|
Seeks maximum capital
appreciation.
|
Frontier Mid Cap Growth Portfolio -
Class D#
Brighthouse Investment Advisers, LLC
Subadviser: Frontier Capital Management
Company, LLC
|
0.81%
|
17.88%
|
11.15%
|
9.17%
|
Seeks long-term growth of
capital.
|
Jennison Growth Portfolio - Class A#
Brighthouse Investment Advisers, LLC
Subadviser: Jennison Associates LLC
|
0.55%
|
53.26%
|
17.98%
|
14.32%
|
Seeks to track the
performance of the
Standard & Poor's 500®
Composite Stock Price
Index.
|
MetLife Stock Index Portfolio - Class A#
Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment
Management, LLC
|
0.26%
|
25.94%
|
15.39%
|
11.75%
|
Seeks a favorable total
return through investment
in a diversified portfolio.
|
MFS® Total Return Portfolio - Class F#
Brighthouse Investment Advisers, LLC
Subadviser: Massachusetts Financial
Services Company
|
0.82%
|
10.19%
|
8.31%
|
6.38%
|
Seeks capital appreciation.
|
MFS® Value Portfolio - Class A#
Brighthouse Investment Advisers, LLC
Subadviser: Massachusetts Financial
Services Company
|
0.58%
|
8.15%
|
11.55%
|
8.78%
|
Seeks high total return,
consisting principally of
capital appreciation.
|
Neuberger Berman Genesis Portfolio -
Class A#
Brighthouse Investment Advisers, LLC
Subadviser: Neuberger Berman
Investment Advisers LLC
|
0.80%
|
15.53%
|
12.40%
|
8.75%
|
Seeks long-term growth of
capital.
|
T. Rowe Price Large Cap Growth
Portfolio - Class B#
Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates,
Inc.
|
0.82%
|
46.53%
|
13.23%
|
11.60%
|
Seeks long-term capital
growth.
|
T. Rowe Price Small Cap Growth
Portfolio - Class B
Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates,
Inc.
|
0.76%
|
21.28%
|
11.56%
|
9.17%
|
Seeks to maximize total
return consistent with
preservation of capital.
|
Western Asset Management Strategic
Bond Opportunities Portfolio - Class A#
Brighthouse Investment Advisers, LLC
Subadviser: Western Asset Management
Company LLC
|
0.56%
|
9.44%
|
2.80%
|
3.01%
|
Investment Objectives
|
Portfolio Company and
Adviser/Sub-Adviser
|
Current
Expenses
|
Average Annual
Total Returns
(as of 12/31/2023)
|
||
1
Year
|
5
Year
|
10
Year
|
|||
Seeks to maximize total
return consistent with
preservation of capital and
maintenance of liquidity.
|
Western Asset Management
U.S. Government Portfolio - Class A#
Brighthouse Investment Advisers, LLC
Subadviser: Western Asset Management
Company LLC
|
0.50%
|
4.87%
|
0.95%
|
1.23%
|
Seeks long-term capital
appreciation.
|
Contrafund® Portfolio - Service Class 2
Fidelity Management & Research
Company LLC
Subadviser: FMR UK, FMR HK, and FMR
Japan
|
0.81%
|
33.12%
|
16.36%
|
11.33%
|
Seeks long-term growth of
capital.
|
Mid Cap Portfolio - Service Class 2
Fidelity Management & Research
Company LLC
Subadviser: FMR UK, FMR HK, and FMR
Japan
|
0.82%
|
14.80%
|
12.17%
|
7.85%
|
Seeks long-term capital
appreciation.
|
Templeton Developing Markets VIP Fund
- Class 2#
Templeton Asset Management Ltd.
Subadviser: Franklin Templeton
Investment Management Limited
|
1.35%
|
12.62%
|
4.22%
|
2.32%
|
Seeks long-term capital
growth.
|
Templeton Foreign VIP Fund - Class 2#
Templeton Investment Counsel, LLC
|
1.07%
|
20.76%
|
5.27%
|
1.28%
|
Seeks long-term growth of
capital.
|
Janus Henderson Enterprise Portfolio -
Service Shares
Janus Henderson Investors US LLC
|
0.97%
|
17.78%
|
13.14%
|
11.82%
|
Seeks to maximize total
return, consistent with
prudent investment
management. Total return
consists of income and
capital appreciation.
|
Western Asset Corporate Bond Fund -
Class A
Legg Mason Partners Fund Advisor, LLC
Subadviser: Western Asset Management
Company, LLC
|
0.88%
|
7.41%
|
2.36%
|
3.00%
|
Seeks long-term capital
appreciation.
|
ClearBridge Variable Appreciation
Portfolio - Class I
Legg Mason Partners Fund Advisor, LLC
Subadviser: ClearBridge Investments,
LLC
|
0.72%
|
19.71%
|
14.07%
|
10.88%
|
Seeks dividend income,
growth of dividend income
and long-term capital
appreciation.
|
ClearBridge Variable Dividend Strategy
Portfolio - Class I
Legg Mason Partners Fund Advisor, LLC
Subadviser: ClearBridge Investments,
LLC
|
0.75%
|
14.20%
|
13.52%
|
10.33%
|
Seeks capital appreciation.
|
ClearBridge Variable Growth Portfolio -
Class I^
Legg Mason Partners Fund Advisor, LLC
Subadviser: ClearBridge Investments,
LLC
|
0.85%
|
24.43%
|
8.31%
|
6.64%
|
Seeks long-term growth of
capital.
|
ClearBridge Variable Large Cap Growth
Portfolio - Class I
Legg Mason Partners Fund Advisor, LLC
Subadviser: ClearBridge Investments,
LLC
|
0.76%
|
44.02%
|
15.51%
|
13.27%
|
Investment Objectives
|
Portfolio Company and
Adviser/Sub-Adviser
|
Current
Expenses
|
Average Annual
Total Returns
(as of 12/31/2023)
|
||
1
Year
|
5
Year
|
10
Year
|
|||
Seeks long-term growth of
capital as its primary
objective. Current income
is a secondary objective.
|
ClearBridge Variable Large Cap Value
Portfolio - Class I
Legg Mason Partners Fund Advisor, LLC
Subadviser: ClearBridge Investments,
LLC
|
0.72%
|
15.09%
|
13.02%
|
8.99%
|
Seeks long-term growth of
capital.
|
ClearBridge Variable Small Cap Growth
Portfolio - Class I
Legg Mason Partners Fund Advisor, LLC
Subadviser: ClearBridge Investments,
LLC
|
0.80%
|
8.40%
|
9.56%
|
7.89%
|
Seeks to maximize total
return.
|
Western Asset Variable Global High Yield
Bond Portfolio - Class I
Legg Mason Partners Fund Advisor, LLC
Subadvisers: Western Asset Management
Company, LLC; Western Asset
Management Company Limited; Western
Asset Management Pte. Ltd.
|
0.83%
|
10.26%
|
3.42%
|
2.89%
|