04/25/2024 | Press release | Distributed by Public on 04/25/2024 11:02
Page
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Special Terms
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3
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Important Information You Should Consider About the Contract
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4
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Overview of the Contract
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7
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Benefits Under the Contract
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9
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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: Investment Portfolios Available Under the Contract
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A-1
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APPENDIX B: Investment Portfolios Available Under the Benefits Offered Under the Contract
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B-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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If you elect the "Class S" Contract class and you withdraw money during the
first 7 full Contract Years following a Purchase Payment, you may be
assessed a withdrawal charge of up to 7% of the Purchase Payment
withdrawn, declining to 0% over that time period.
If you elect the "Class S - L Share Option" Contract class and you withdraw
money during the first 4 full Contract Years following a Purchase Payment,
you may be assessed a withdrawal charge of up to 7% of the Purchase
Payment withdrawn, declining to 0% over that time period.
For example, if you elect either Contract class and make an early withdrawal,
you could pay a withdrawal charge of up to $7,000 on a $100,000
investment.
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Fee Table and
Examples
Expenses -
Withdrawal
Charge
|
Transaction
Charges
|
In addition to withdrawal charges, you also may be charged for the following
transactions: transfers of cash value between investment options.
Transfer Fee. Currently, we allow unlimited transfers among the investment
options without charge. However, we reserve the right to charge for transfers
after the first 12 transfers per year.
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Fee Table and
Examples
Expenses -
Transfer Fee
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Fees and Expenses
|
Location in
Prospectus
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Ongoing Fees and
Expenses (annual
charges)
|
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
Expenses -
Product
Charges
Appendix A:
Investment
Portfolios
Available
Under the
Contract
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Annual Fee
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Minimum
|
Maximum
|
Base Contract
(varies by Contract class)1
|
1.17%
|
1.87%
|
Investment options
(Portfolio Company fees and
expenses)2
|
0.53%
|
4.52%
|
Optional benefits available for
an additional charge (for a
single optional benefit, if
elected)
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0.90%3
|
1.35%4
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1 As a percentage of average Account Value in the Separate Account. The charge shown also
includes the Account Fee.
2 As a percentage of fund assets before temporary expense reimbursements and/or fee waivers.
3 As a percentage of the guaranteed withdrawal amount, which is a value used to calculate your
benefit. This charge is the current charge for the least expensive optional benefit.
4 As a percentage of the Benefit Base, which is a value used to calculate your benefit. This charge
is the current charge for the most expensive optional benefit.
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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
$1,564
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Highest Annual Cost
$5,318
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Assumes:
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Assumes:
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|
•Investment of $100,000
•5% annual appreciation
•Least expensive combination of
Contract classes and Portfolio Company
fees and expenses
•No optional benefits
•No additional Purchase Payments,
transfers, or withdrawals
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•Investment of $100,000
•5% annual appreciation
•Most expensive combination
of Contract classes, optional
benefits, and Portfolio
Company fees and expenses
•No additional Purchase
Payments, transfers, or
withdrawals
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Risks
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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
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Not a Short-Term
Investment
|
This Contract is not a short-term investment and is not appropriate for an
investor who needs ready access to cash.
Withdrawal charges may apply for the first 7 years of the Contract if Class S
has been elected or the first 4 years of the Contract if the Class S - L Share
Option has been elected. Withdrawal charges will reduce the value of your
Contract if you withdraw money during the applicable time period.
The benefits of tax deferral and living benefit protection also mean the
Contract is more beneficial to investors with a long time horizon.
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Principal Risks
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Risks
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Location in
Prospectus
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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., Portfolio Companies).
•Each investment option has its own unique risks.
•You should review the prospectuses for the available funds before making
an investment decision.
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Principal Risks
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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 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, including our financial strength
ratings, is available by contacting us at (888) 243-1968.
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Principal Risks
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Restrictions
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Investments
|
•Currently, we allow unlimited transfers without charge among investment
options during the Accumulation Phase. However, we reserve the right to
impose a charge for transfers in excess of 12 per year.
•We reserve the right to limit transfers in circumstances of frequent or large
transfers.
•We reserve the right to remove or substitute the Portfolio Companies
available as investment options under the Contract.
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Investment
Options
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Optional Benefits
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•Certain optional benefits limit or restrict the investment options that you
may select under the Contract. We may change these restrictions in the
future.
•Certain optional benefits may vary by selling firm.
•Certain optional benefits could limit subsequent Purchase Payments.
•Withdrawals may reduce the value of an optional benefit by an amount
greater than the value withdrawn, which could significantly reduce the
value or even terminate the benefit.
•We may stop offering an optional benefit at any time for new sales.
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Purchase -
Investment
Allocation
Restrictions for
Certain Riders
Living Benefits
Appendix B:
Investment
Portfolios
Available
Under the
Benefits
Offered Under
the Contract
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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 59 1∕2.
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Federal
Income Tax
Status
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Conflicts of Interest
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Investment
Professional
Compensation
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Your investment professional may receive compensation for selling this
Contract to you, in the form of commissions, additional cash benefits (e.g.,
bonuses), and non-cash compensation. This conflict of interest may influence
your 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 -
Distributor
|
Conflicts of Interest
|
Location in
Prospectus
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Exchanges
|
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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Replacement
of Contracts
and Other
Exchanges
|
Name of
Benefit
|
Purpose
|
Standard
or
Optional
|
Maximum
Annual Fee
|
Current
Charges
|
Brief Description of
Restrictions /
Limitations
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Dollar Cost
Averaging
Program
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Allows you to systematically
transfer a set amount each
month from Investment
Portfolios to other available
Investment Portfolios
|
Standard
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No Charge
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N/A
|
•Available only during the
Accumulation phase
•Transfers only available
from the BlackRock Ultra-
Short Term Bond Portfolio
•Not available with the
GWB rider or GLWB rider
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Automatic
Rebalancing
Program
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Allows us to automatically
rebalance your Account
Value to return to your
original percentage
allocations
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Standard
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No Charge
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N/A
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•Available only during the
Accumulation phase
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Systematic
Withdrawal
Program
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Allows you to set up an
automatic payment of up to
10% of your total Purchase
Payments each year
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Standard
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No Charge
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N/A
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•Each payment must be at
least $100 (unless we
consent otherwise)
•In the first Contract Year,
only monthly or quarterly
payments are allowed
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Nursing
Home or
Hospital
Confinement
Rider
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Allows you to withdraw
Account Value without a
withdrawal charge
|
Standard
|
No Charge
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N/A
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•Must own Contract for at
least one year
•You or your joint owner
must be confined for at
least 90 days
•Confinement must be
prescribed by a physician
or be medically necessary
•Terminates on Annuity
Date
•Not available for owners
81 or older on the
Contract issue date
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Name of
Benefit
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Purpose
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Standard
or
Optional
|
Maximum
Annual Fee
|
Current
Charges
|
Brief Description of
Restrictions /
Limitations
|
Terminal
Illness Rider
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Allows you to withdraw
Account Value without a
withdrawal charge
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Standard
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No Charge
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N/A
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•Must own Contract for at
least one year to incur no
withdrawal charge
•Must be terminally ill and
not expected to live more
than 12 months; a
physician certifies to your
illness and life expectancy;
you were not diagnosed
with the terminal illness as
of the date we issued your
Contract; and you have
been the owner
continuously since the
Contract was issued (or
have become the owner as
the spousal Beneficiary
who continues the
Contract)
•Terminates on Annuity
Date
•Not available for owners
81 or older on the
Contract issue date
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Standard
Death
Benefit -
Principal
Protection
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Pays a minimum death
benefit at least equal to the
greater of the Account Value
or total Purchase Payments
adjusted for any withdrawals
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Standard
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No Charge
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N/A
|
•Withdrawals may
proportionately reduce the
benefit, and such
reductions could be
significant
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Name of
Benefit
|
Purpose
|
Standard
or
Optional
|
Maximum
Annual Fee
|
Current
Charges
|
Brief Description of
Restrictions /
Limitations
|
Guaranteed
Withdrawal
Benefit
(GWB v1)
|
Guarantees that at least the
entire amount of Purchase
Payments you make will be
returned to you through a
series of withdrawals
regardless of investment
performance
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Optional
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1.80% of the
Total
Guaranteed
Withdrawal
Amount
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0.90% of the
Total
Guaranteed
Withdrawal
Amount
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•Available to owners 80 or
younger
•You may not have this
benefit and another living
benefit rider (the
Guaranteed Lifetime
Withdrawal Benefit) in
effect at the same time
•You may elect to cancel
the GWB rider on the
Contract anniversary every
five Contract Years for the
first 15 Contract Years
and annually thereafter
•Benefit subject to
Investment Portfolio
allocation restrictions
•While the GWB rider is in
effect, you are limited to
making Purchase Payments
within the GWB Purchase
Payment Period
•Certain withdrawals could
significantly reduce or
even terminate the benefit
•Payment Enhancement
Feature is only available if
the oldest owner is age 75
or younger at the Contract
issue date
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Guaranteed
Lifetime
Withdrawal
Benefit -
FlexChoice
Access Level
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Provides lifetime minimum
income regardless of
investment performance
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Optional
|
2.00% of the
Benefit Base
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1.35% of the
Benefit Base
|
•Available to owners at
least age 50 and not older
than 85
•Offers a fixed GLWB
Withdrawal Rate and
GLWB Lifetime Guarantee
Rate throughout your
lifetime
•You may elect to cancel
the GLWB rider on the
Contract anniversary every
five Contract Years for the
first 10 Contract Years
and annually thereafter
•Benefit subject to
Investment Portfolio
allocation restrictions
•Certain withdrawals could
significantly reduce or
even terminate the benefit
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Qualified Policies
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Non-Qualified Policies
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Minimum Initial Premium
Payment
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$2,000 for Class S
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$5,000 for Class S
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$10,000 for Class S - L Share Option
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$10,000 for Class S - L Share Option
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Minimum Subsequent Premium
Payments
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$500 unless you have elected an
electronic funds transfer program
approved by us, in which case the
minimum subsequent Purchase
Payment is $100 per month.
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$500 unless you have elected an
electronic funds transfer program
approved by us, in which case the
minimum subsequent Purchase
Payment is $100 per month.
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Maximum Total Premium
Payments
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$1,000,000 without our approval
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$1,000,000 without our approval
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Withdrawal Charges and Taxes
|
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
|
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.
|
Internal Revenue Code or Retirement Plan
|
Depending on the circumstances, the Internal Revenue Code
or your retirement plan may restrict your ability to take
withdrawals.
|
Withdrawal Charge (Note 1)
(as a percentage of Purchase Payments)
|
7%
|
Transfer Fee (Note 2)
|
$25
$0 (First 12 per year)
|
Class S - L Share Option
|
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Number of Complete Years from
Receipt of Purchase Payment
|
Withdrawal Charge
(% of Purchase Payment)
|
|
0
|
7
|
|
1
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6
|
|
2
|
6
|
|
3
|
5
|
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4 and thereafter
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0
|
Class S
|
||
Number of Complete Years from
Receipt of Purchase Payment
|
Withdrawal Charge
(% of Purchase Payment)
|
|
0
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7
|
|
1
|
6
|
|
2
|
6
|
|
3
|
5
|
|
4
|
4
|
|
5
|
3
|
|
6
|
2
|
|
7 and thereafter
|
0
|
Annual Contract Expenses
|
|
Administrative Expenses (Note 1)
|
$30
|
Base Contract Expenses (Note 2)
|
|
(as a percentage of average Account Value)
|
|
Class S - L Share Option
|
1.85%
|
Class S
|
1.15%
|
Optional Benefit Expenses (Note 3, Note 4)
|
|
Guaranteed Withdrawal Benefit (GWB) Rider Charges
|
|
(as a percentage of the Total Guaranteed Withdrawal Amount (Note 5))
|
|
GWB v1 - maximum charge
|
1.80%
|
GWB v1 - current charge
|
0.90%
|
Guaranteed Lifetime Withdrawal Benefit (GLWB) Rider Charges
|
|
FlexChoice Access GLWB
|
|
(as a percentage of the Benefit Base (Note 6))
|
|
GLWB - maximum charge
|
2.00%
|
GLWB - current charge
|
1.35%
|
Minimum
|
Maximum
|
|
Total Annual Investment Portfolio Expenses
|
||
(expenses that are deducted from Investment Portfolio assets, including
management fees, distribution and/or service (12b-1) fees, and other
expenses)
|
0.53%
|
4.52%
|
Time Periods
|
||||
1 year
|
3 years
|
5 years
|
10 years
|
|
maximum
|
$14,671
|
$27,959
|
$40,449
|
$70,013
|
minimum
|
$10,030
|
$14,671
|
$19,360
|
$33,134
|
Time Periods
|
||||
1 year
|
3 years
|
5 years
|
10 years
|
|
maximum
|
$7,671
|
$22,559
|
$36,849
|
$70,013
|
minimum
|
$3,030
|
$9,271
|
$15,760
|
$33,134
|
Time Periods
|
||||
1 year
|
3 years
|
5 years
|
10 years
|
|
maximum
|
$12,671
|
$22,298
|
$31,576
|
$55,026
|
minimum
|
$8,680
|
$10,610
|
$12,578
|
$19,548
|
Time Periods
|
||||
1 year
|
3 years
|
5 years
|
10 years
|
|
maximum
|
$5,671
|
$16,898
|
$27,976
|
$55,026
|
minimum
|
$1,680
|
$5,210
|
$8,978
|
$19,548
|
Time Periods
|
||||
1 year
|
3 years
|
5 years
|
10 years
|
|
maximum
|
$15,371
|
$29,871
|
$39,736
|
$74,390
|
minimum
|
$10,730
|
$16,734
|
$19,131
|
$39,508
|
Time Periods
|
||||
1 year
|
3 years
|
5 years
|
10 years
|
|
maximum
|
$8,371
|
$24,471
|
$39,736
|
$74,390
|
minimum
|
$3,730
|
$11,334
|
$19,131
|
$39,508
|
Time Periods
|
||||
1 year
|
3 years
|
5 years
|
10 years
|
|
maximum
|
$13,371
|
$24,252
|
$30,993
|
$59,919
|
minimum
|
$9,380
|
$12,730
|
$12,542
|
$26,815
|
Time Periods
|
||||
1 year
|
3 years
|
5 years
|
10 years
|
|
maximum
|
$6,371
|
$18,852
|
$30,993
|
$59,919
|
minimum
|
$2,380
|
$7,330
|
$12,542
|
$26,815
|
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 high total investment return.
|
BlackRock Global Allocation V.I.
Fund - Class III#
BlackRock Advisors, LLC
Subadviser: BlackRock (Singapore)
Limited
|
1.02%
|
12.49%
|
7.39%
|
4.63%
|
Seeks capital appreciation and
current income.
|
AB Global Dynamic Allocation
Portfolio - Class B#*
Brighthouse Investment Advisers,
LLC
Subadviser: AllianceBernstein L.P.
|
0.90%
|
11.64%
|
3.99%
|
3.70%
|
Seeks to maximize total return.
|
AB International Bond
Portfolio - Class B
Brighthouse Investment Advisers,
LLC
Subadviser: AllianceBernstein L.P.
|
0.88%
|
8.91%
|
-
|
-
|
Seeks long-term capital appreciation.
|
Allspring Mid Cap Value
Portfolio - Class B#
Brighthouse Investment Advisers,
LLC
Subadviser: Allspring Global
Investments, LLC
|
0.98%
|
9.02%
|
13.21%
|
7.60%
|
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 to achieve growth of capital.
|
American Funds® Growth
Portfolio - Class C
Brighthouse Investment Advisers,
LLC; Capital Research and
Management CompanySM
|
0.92%
|
37.99%
|
18.29%
|
13.99%
|
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 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 capital appreciation and
current income.
|
BlackRock Global Tactical Strategies
Portfolio - Class B#*
Brighthouse Investment Advisers,
LLC
Subadviser: BlackRock Financial
Management, Inc.
|
0.93%
|
13.32%
|
4.89%
|
3.97%
|
Seeks to maximize total return,
consistent with income generation
and prudent investment
management.
|
BlackRock High Yield
Portfolio - Class B#
Brighthouse Investment Advisers,
LLC
Subadviser: BlackRock Financial
Management, Inc.
|
0.90%
|
13.07%
|
5.66%
|
4.53%
|
Seeks growth of capital.
|
Brighthouse Asset Allocation 100
Portfolio - Class B‡
Brighthouse Investment Advisers,
LLC
|
0.99%
|
20.81%
|
11.55%
|
7.92%
|
Seeks a balance between a high level
of current income and growth of
capital, with a greater emphasis on
growth of capital.
|
Brighthouse Balanced Plus
Portfolio - Class B*
Brighthouse Investment Advisers,
LLC
Subadviser: Overlay Portion: Pacific
Investment Management Company
LLC
|
0.97%
|
9.24%
|
5.01%
|
4.78%
|
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 B#
Brighthouse Investment Advisers,
LLC
Subadviser: abrdn Investments
Limited
|
1.21%
|
6.47%
|
2.88%
|
1.30%
|
Seeks a high level of current income.
|
Brighthouse/Eaton Vance Floating
Rate Portfolio - Class B
Brighthouse Investment Advisers,
LLC
Subadviser: Eaton Vance
Management
|
0.95%
|
10.79%
|
4.27%
|
3.41%
|
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 a high level of current income,
while seeking preservation of
shareholders' capital.
|
Brighthouse/Franklin Low Duration
Total Return Portfolio - Class B#
Brighthouse Investment Advisers,
LLC
Subadviser: Franklin Advisers, Inc.
|
0.73%
|
5.59%
|
1.51%
|
1.29%
|
Seeks total return through
investment in real estate securities,
emphasizing both capital
appreciation and current income.
|
CBRE Global Real Estate
Portfolio - Class B#
Brighthouse Investment Advisers,
LLC
Subadviser: CBRE Investment
Management Listed Real Assets
LLC
|
0.90%
|
12.73%
|
6.15%
|
4.38%
|
Seeks long-term capital appreciation.
|
Harris Oakmark International
Portfolio - Class B#
Brighthouse Investment Advisers,
LLC
Subadviser: Harris Associates L.P.
|
0.98%
|
18.95%
|
7.24%
|
3.19%
|
Seeks total return.
|
Invesco Balanced-Risk Allocation
Portfolio - Class B#*
Brighthouse Investment Advisers,
LLC
Subadviser: Invesco Advisers, Inc.
|
0.94%
|
6.44%
|
5.36%
|
4.21%
|
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 B#
Brighthouse Investment Advisers,
LLC
Subadviser: Invesco Advisers, Inc.
|
0.83%
|
34.58%
|
12.20%
|
8.41%
|
Seeks long-term growth of capital.
|
Invesco Small Cap Growth
Portfolio - Class B#
Brighthouse Investment Advisers,
LLC
Subadviser: Invesco Advisers, Inc.
|
1.06%
|
11.90%
|
8.64%
|
7.39%
|
Seeks to maximize total return.
|
JPMorgan Core Bond
Portfolio - Class B#
Brighthouse Investment Advisers,
LLC
Subadviser: J.P. Morgan Investment
Management Inc.
|
0.70%
|
5.71%
|
1.17%
|
1.69%
|
Seeks capital appreciation and
current income.
|
JPMorgan Global Active Allocation
Portfolio - Class B#*
Brighthouse Investment Advisers,
LLC
Subadviser: J.P. Morgan Investment
Management Inc.
|
0.98%
|
10.51%
|
5.56%
|
4.66%
|
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 high total investment return
through a combination of capital
appreciation and income.
|
Loomis Sayles Global Allocation
Portfolio - Class B#
Brighthouse Investment Advisers,
LLC
Subadviser: Loomis, Sayles &
Company, L.P.
|
1.04%
|
22.20%
|
9.41%
|
7.19%
|
Seeks long-term growth of capital.
|
Loomis Sayles Growth
Portfolio - Class B#
Brighthouse Investment Advisers,
LLC
Subadviser: Loomis, Sayles &
Company, L.P.
|
0.80%
|
51.73%
|
16.12%
|
10.53%
|
Seeks a balance between growth of
capital and current income, with a
greater emphasis on growth of
capital.
|
MetLife Multi-Index Targeted Risk
Portfolio - Class B*
Brighthouse Investment Advisers,
LLC
Subadviser: Overlay Portion:
MetLife Investment Management,
LLC
|
0.66%
|
13.82%
|
5.03%
|
4.44%
|
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%
|
Seeks total return.
|
PanAgora Global Diversified Risk
Portfolio - Class B#*
Brighthouse Investment Advisers,
LLC
Subadviser: PanAgora Asset
Management, Inc.
|
0.98%
|
4.71%
|
2.47%
|
-
|
Seeks maximum real return,
consistent with preservation of
capital and prudent investment
management.
|
PIMCO Inflation Protected Bond
Portfolio - Class B
Brighthouse Investment Advisers,
LLC
Subadviser: Pacific Investment
Management Company LLC
|
0.93%
|
3.59%
|
3.05%
|
2.08%
|
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 capital appreciation and
current income.
|
Schroders Global Multi-Asset
Portfolio - Class B#*
Brighthouse Investment Advisers,
LLC
Subadviser: Schroder Investment
Management North America Inc.
|
0.95%
|
15.02%
|
4.88%
|
4.02%
|
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 provide total return,
primarily through capital
appreciation.
|
SSGA Emerging Markets Enhanced
Index Portfolio - Class B
Brighthouse Investment Advisers,
LLC
Subadviser: SSGA Funds
Management, Inc
|
0.98%
|
12.50%
|
-
|
-
|
Seeks growth of capital and income.
|
SSGA Growth and Income ETF
Portfolio - Class B‡
Brighthouse Investment Advisers,
LLC
Subadviser: SSGA Funds
Management, Inc.
|
0.77%
|
13.97%
|
7.51%
|
5.49%
|
Seeks growth of capital.
|
SSGA Growth ETF
Portfolio - Class B‡
Brighthouse Investment Advisers,
LLC
Subadviser: SSGA Funds
Management, Inc.
|
0.80%
|
15.75%
|
9.20%
|
6.43%
|
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 long-term growth of capital.
|
T. Rowe Price Mid Cap Growth
Portfolio - Class B#
Brighthouse Investment Advisers,
LLC
Subadviser: T. Rowe Price
Associates, Inc.
Sub-Subadviser: T. Rowe Price
Investment Management, Inc.
|
0.95%
|
19.84%
|
11.63%
|
10.45%
|
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 high level of current income,
consistent with preservation of
principal.
|
Western Asset Management
Government Income
Portfolio - Class B#
Brighthouse Investment Advisers,
LLC
Subadviser: Western Asset
Management Company LLC
|
0.72%
|
4.39%
|
0.21%
|
1.26%
|
Seeks long-term growth of capital.
|
Baillie Gifford International Stock
Portfolio - Class B#
Brighthouse Investment Advisers,
LLC
Subadviser: Baillie Gifford Overseas
Limited
|
1.00%
|
18.36%
|
6.88%
|
4.46%
|
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 a competitive total return
primarily from investing in fixed-
income securities.
|
BlackRock Bond Income
Portfolio - Class B#
Brighthouse Investment Advisers,
LLC
Subadviser: BlackRock Advisors,
LLC
|
0.64%
|
5.59%
|
1.28%
|
1.95%
|
Seeks long-term growth of capital.
|
BlackRock Capital Appreciation
Portfolio - Class B#
Brighthouse Investment Advisers,
LLC
Subadviser: BlackRock Advisors,
LLC
|
0.82%
|
49.23%
|
15.86%
|
12.60%
|
Seeks a high level of current income
consistent with prudent investment
risk and preservation of capital.
|
BlackRock Ultra-Short Term Bond
Portfolio - Class B#
Brighthouse Investment Advisers,
LLC
Subadviser: BlackRock Advisors,
LLC
|
0.61%
|
4.80%
|
1.50%
|
0.98%
|
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%
|
Seeks long-term capital growth.
|
Brighthouse/Artisan Mid Cap Value
Portfolio - Class B#
Brighthouse Investment Advisers,
LLC
Subadviser: Artisan Partners Limited
Partnership
|
1.02%
|
18.24%
|
11.28%
|
6.48%
|
Seeks long-term capital appreciation.
|
Brighthouse/Dimensional
International Small Company
Portfolio - Class B#
Brighthouse Investment Advisers,
LLC
Subadviser: Dimensional Fund
Advisors LP
|
1.05%
|
13.52%
|
7.32%
|
4.42%
|
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 B#
Brighthouse Investment Advisers,
LLC
Subadviser: Wellington Management
Company LLP
|
0.86%
|
7.38%
|
12.84%
|
10.08%
|
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 capital
appreciation.
|
Frontier Mid Cap Growth
Portfolio - Class B#
Brighthouse Investment Advisers,
LLC
Subadviser: Frontier Capital
Management Company, LLC
|
0.96%
|
17.73%
|
10.99%
|
9.01%
|
Seeks long-term growth of capital.
|
Jennison Growth
Portfolio - Class B#
Brighthouse Investment Advisers,
LLC
Subadviser: Jennison Associates LLC
|
0.80%
|
52.86%
|
17.69%
|
14.03%
|
Seeks to track the performance of
the Bloomberg U.S. Aggregate Bond
Index.
|
MetLife Aggregate Bond Index
Portfolio - Class G
Brighthouse Investment Advisers,
LLC
Subadviser: MetLife Investment
Management, LLC
|
0.58%
|
4.90%
|
0.57%
|
1.27%
|
Seeks to track the performance of
the Standard & Poor's MidCap
400® Composite Stock Price Index.
|
MetLife Mid Cap Stock Index
Portfolio - Class G
Brighthouse Investment Advisers,
LLC
Subadviser: MetLife Investment
Management, LLC
|
0.61%
|
15.76%
|
12.00%
|
8.68%
|
Seeks to track the performance of
the MSCI EAFE® Index.
|
MetLife MSCI EAFE® Index
Portfolio - Class G
Brighthouse Investment Advisers,
LLC
Subadviser: MetLife Investment
Management, LLC
|
0.69%
|
17.58%
|
7.67%
|
3.75%
|
Seeks to track the performance of
the Russell 2000® Index.
|
MetLife Russell 2000® Index
Portfolio - Class G
Brighthouse Investment Advisers,
LLC
Subadviser: MetLife Investment
Management, LLC
|
0.62%
|
16.47%
|
9.57%
|
6.84%
|
Seeks to track the performance of
the Standard & Poor's 500®
Composite Stock Price Index.
|
MetLife Stock Index
Portfolio - Class B#
Brighthouse Investment Advisers,
LLC
Subadviser: MetLife Investment
Management, LLC
|
0.51%
|
25.63%
|
15.10%
|
11.47%
|
Seeks capital appreciation.
|
MFS® Value Portfolio - Class B#
Brighthouse Investment Advisers,
LLC
Subadviser: Massachusetts Financial
Services Company
|
0.83%
|
7.85%
|
11.27%
|
8.51%
|
Seeks high total return, consisting
principally of capital appreciation.
|
Neuberger Berman Genesis
Portfolio - Class B#
Brighthouse Investment Advisers,
LLC
Subadviser: Neuberger Berman
Investment Advisers LLC
|
1.05%
|
15.20%
|
12.13%
|
8.48%
|
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.
|
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 to maximize total return
consistent with preservation of
capital.
|
Western Asset Management Strategic
Bond Opportunities
Portfolio - Class B#
Brighthouse Investment Advisers,
LLC
Subadviser: Western Asset
Management Company LLC
|
0.81%
|
9.22%
|
2.54%
|
2.76%
|
Seeks to maximize total return
consistent with preservation of
capital and maintenance of liquidity.
|
Western Asset Management
U.S. Government
Portfolio - Class B#
Brighthouse Investment Advisers,
LLC
Subadviser: Western Asset
Management Company LLC
|
0.75%
|
4.59%
|
0.70%
|
0.98%
|
Seeks long-term growth of capital.
|
Janus Henderson Global Sustainable
Equity Portfolio - Service Shares#
Janus Henderson Investors US LLC
|
1.12%
|
23.24%
|
-
|
-
|
Optional Benefit
|
GWB v1
|
FlexChoice Access GLWB
|
AB Global Dynamic Allocation Portfolio
|
BlackRock Global Tactical Strategies Portfolio
|
Brighthouse Balanced Plus Portfolio
|
Invesco Balanced-Risk Allocation Portfolio
|
JPMorgan Global Active Allocation Portfolio
|
MetLife Aggregate Bond Index Portfolio
|
MetLife Multi-Index Targeted Risk Portfolio
|
PanAgora Global Diversified Risk Portfolio
|
Schroders Global Multi-Asset Portfolio
|
Western Asset Management Government Income Portfolio
|
AB Global Dynamic Allocation Portfolio
|
American Funds® Balanced Allocation Portfolio
|
American Funds® Moderate Allocation Portfolio
|
BlackRock Global Allocation V.I. Fund
|
BlackRock Global Tactical Strategies Portfolio
|
Brighthouse Asset Allocation 20 Portfolio
|
Brighthouse Asset Allocation 40 Portfolio
|
Brighthouse Asset Allocation 60 Portfolio
|
Brighthouse Balanced Plus Portfolio
|
Invesco Balanced-Risk Allocation Portfolio
|
JPMorgan Global Active Allocation Portfolio
|
Loomis Sayles Global Allocation Portfolio
|
MetLife Multi-Index Targeted Risk Portfolio
|
PanAgora Global Diversified Risk Portfolio
|
Schroders Global Multi-Asset Portfolio
|
SSGA Growth and Income ETF Portfolio
|
Platform 1
|
Platform 2
|
A maximum of 70% of Purchase Payments or
Account Value
|
A minimum of 30% of Purchase Payments or
Account Value
|
AB Global Dynamic Allocation Portfolio
|
AB International Bond Portfolio
|
Platform 1
|
Platform 2
|
A maximum of 70% of Purchase Payments or
Account Value
|
A minimum of 30% of Purchase Payments or
Account Value
|
Allspring Mid Cap Value Portfolio
|
BlackRock Bond Income Portfolio
|
American Funds® Balanced Allocation Portfolio
|
BlackRock High Yield Portfolio
|
American Funds® Growth Allocation Portfolio
|
BlackRock Ultra-Short Term Bond Portfolio
|
American Funds® Growth Portfolio
|
Brighthouse/Eaton Vance Floating Rate Portfolio
|
American Funds® Moderate Allocation Portfolio
|
Brighthouse/Franklin Low Duration Total Return Portfolio
|
Baillie Gifford International Stock Portfolio
|
JPMorgan Core Bond Portfolio
|
BlackRock Capital Appreciation Portfolio
|
MetLife Aggregate Bond Index Portfolio
|
BlackRock Global Allocation V.I. Fund
|
PIMCO Inflation Protected Bond Portfolio
|
BlackRock Global Tactical Strategies Portfolio
|
PIMCO Total Return Portfolio
|
Brighthouse Asset Allocation 100 Portfolio
|
Western Asset Management Government Income Portfolio
|
Brighthouse Asset Allocation 20 Portfolio
|
Western Asset Management Strategic Bond Opportunities
Portfolio
|
Brighthouse Asset Allocation 40 Portfolio
|
Western Asset Management U.S. Government Portfolio
|
Brighthouse Asset Allocation 60 Portfolio
|
|
Brighthouse Asset Allocation 80 Portfolio
|
|
Brighthouse Balanced Plus Portfolio
|
|
Brighthouse Small Cap Value Portfolio
|
|
Brighthouse/abrdn Emerging Markets Equity Portfolio
|
|
Brighthouse/Artisan Mid Cap Value Portfolio
|
|
Brighthouse/Dimensional International Small Company
Portfolio
|
|
Brighthouse/Wellington Core Equity Opportunities
Portfolio
|
|
CBRE Global Real Estate Portfolio
|
|
Frontier Mid Cap Growth Portfolio
|
|
Harris Oakmark International Portfolio
|
|
Invesco Balanced-Risk Allocation Portfolio
|
|
Invesco Comstock Portfolio
|
|
Invesco Global Equity Portfolio
|
|
Invesco Small Cap Growth Portfolio
|
|
Janus Henderson Global Sustainable Equity Portfolio
|
|
Jennison Growth Portfolio
|
|
JPMorgan Global Active Allocation Portfolio
|
|
Loomis Sayles Global Allocation Portfolio
|
|
Loomis Sayles Growth Portfolio
|
|
MetLife Mid Cap Stock Index Portfolio
|
|
MetLife MSCI EAFE® Index Portfolio
|
|
MetLife Multi-Index Targeted Risk Portfolio
|
|
MetLife Russell 2000® Index Portfolio
|
|
MetLife Stock Index Portfolio
|
|
MFS® Research International Portfolio
|
|
MFS® Value Portfolio
|
|
Neuberger Berman Genesis Portfolio
|
Platform 1
|
Platform 2
|
A maximum of 70% of Purchase Payments or
Account Value
|
A minimum of 30% of Purchase Payments or
Account Value
|
PanAgora Global Diversified Risk Portfolio
|
|
Schroders Global Multi-Asset Portfolio
|
|
SSGA Emerging Markets Enhanced Index Portfolio
|
|
SSGA Growth and Income ETF Portfolio
|
|
SSGA Growth ETF Portfolio
|
|
T. Rowe Price Large Cap Growth Portfolio
|
|
T. Rowe Price Large Cap Value Portfolio
|
|
T. Rowe Price Mid Cap Growth Portfolio
|
|
Victory Sycamore Mid Cap Value Portfolio
|