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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/14/23 Brighthouse Separate Account A 485BPOS 5/01/23 4:1.4M Donnelley … Solutions/FA → Brighthouse Separate Account A ⇒ Brighthouse Growth & Income |
Document/Exhibit Description Pages Size 1: 485BPOS Brighthouse Growth and Income Post-Effective HTML 1.02M Amendment No. 16 2: EX-99.(C)(V) Form of Brighthouse Securities, LLC Sales HTML 186K Agreement 3: EX-99.L Consent of Independent Registered Public HTML 6K Accounting Firm (D&T) 4: EX-99.P Powers of Attorney HTML 241K
Brighthouse Growth and Income Post-Effective Amendment No. 16 |
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 |
|
Pre-Effective Amendment No. |
☐ |
Post-Effective Amendment No. 16 |
☒ |
and |
|
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 |
|
Amendment No. 769 |
☒ |
INDEX OF SPECIAL TERMS |
3 |
4 | |
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10
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25
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27
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28
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29 | |
30
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37 | |
37
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38
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38 | |
38
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39 | |
39
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40 | |
40
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41 | |
41
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A-1 | |
B-1 | |
C-1 |
|
Fees and Expenses |
Location in
Prospectus | |||
Charges for
Early
Withdrawals |
If you withdraw money during the first 5 full
Contract Years following the
Purchase Payment, you may be assessed a surrender charge of up to 2% of
the amount withdrawn, declining to 0% over that time
period. For
example, if you make an early withdrawal, you could pay a surrender
charge of up to $2,000 on a $100,000 investment. |
Fee Table and
Examples Expenses –
Surrender
Charge | |||
Transaction
Charges |
Fee Table and
Examples Expenses –
Exchange Fee | ||||
Ongoing Fees
and Expenses
(annual charges) |
The table below describes the fees and expenses that you may pay each year.
Please refer to your contract specifications page for information about the
specific fees you will pay each year. |
Fee Table and
Examples Expenses –
Product
Charges | |||
Annual Fee |
Minimum |
Maximum | |||
Base Contract1 |
1.90% |
2.05% | |||
Investment Options
(Portfolio Company fees and
expenses)2 |
0.27% |
0.80% | |||
1 As a percentage of average Contract Value. Minimum is for contracts with single Annuitants.
Maximum is for contracts with joint Annuitants.
2 As a percentage of fund assets before temporary expense reimbursements and/or fee waivers. | |||||
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 surrender charges that substantially increase
costs. | |||||
Lowest Annual Cost
$2,103 |
Highest Annual Cost
$2,487 | ||||
Assumes: |
Assumes: | ||||
•Investment of $100,000 •5% annual appreciation •Least expensive Portfolio Company fees and expenses •No withdrawals |
•Investment of $100,000 •5% annual appreciation •Most expensive Portfolio Company fees and expenses •No withdrawals |
|
Risks |
Location in
Prospectus | |||
Risk of Loss |
You can lose money by investing in this contract including loss of
principal. |
Principal Risks | |||
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. Surrender charges may apply for
the first 5 years of the contract. Surrender charges will reduce the value of your contract if you withdraw money during that time. The benefits of tax deferral and living benefit protection also mean the contract
is more beneficial to investors with a long time
horizon. |
Principal Risks | |||
Risks
Associated with
Investment
Options |
•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 prospectus for the fund available to you before making
an investment decision. |
Principal Risks | |||
Insurance
Company Risks |
An investment in the contract is subject to the risks related to us. Any
obligations or guarantees and benefits of the contract that exceed
the assets of the
Variable 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 BLIC, including our financial strength
ratings, is available by contacting us at (888)
243-1968. |
Principal Risks | |||
|
Restrictions |
| |||
Investments |
•Currently, you are permitted to invest only in the single Investment Option
available to you. •No transfers of Contract Value among the Investment Options are currently
permitted. •No additional Purchase Payments are permitted. •We reserve the right to remove or substitute the Portfolio Companies available as Investment Options under the contract. |
Investment
Options | |||
Optional
Benefits |
The contract has no “Optional Benefits.” The contract is automatically
issued with the Guaranteed Withdrawal Benefit for Life at no
additional charge. Withdrawals may reduce the value of this benefit
by an amount greater than the value withdrawn, which could
significantly reduce the value or even terminate the benefit. |
Guaranteed
Withdrawal
Benefit for Life | |||
|
Taxes |
| |||
Tax
Implications |
•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 ½. |
Federal Income
Tax Status | |||
|
Conflicts of Interest |
| |||
Investment
Professional
Compensation |
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.
|
Other Information - Distributor |
|
Conflicts of Interest |
Location in
Prospectus | |||
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. |
Replacement of Contracts |
Surrender Charge (Note 1)
(as a percentage of amount withdrawn) |
2% |
|
|
Exchange Fee (Note 2) |
$25 $0 (First 12 per year) |
Number of Complete Years from Contract Date |
Surrender Charge (% of Amount Withdrawn) |
0 |
2 |
1 |
2 |
2 |
2 |
3 |
2 |
4 |
2 |
5 and thereafter |
0 |
Annual Contract Expenses |
|
Base Contract Expenses (Note 1) |
Single Annuitant-1.90% |
(as a percentage of average Contract Value) |
Joint Annuitant-2.05% |
|
|
|
Minimum |
Maximum |
Total Annual Investment
Option Expenses |
|
|
(expenses that are deducted from Investment Option assets, including
management fees, distribution and/or service (12b-1) fees, and other
expenses) |
0.27% |
0.80% |
Time Periods | ||||
|
1 year |
3 years |
5 years |
10 years |
maximum |
$4,800 |
$10,587
|
$16,632
|
$30,945 |
minimum |
$4,320 |
$9,149
|
$14,240
|
$26,211 |
Time Periods | ||||
|
1 year |
3 years |
5 years |
10 years |
maximum |
$2,800 |
$8,587 |
$14,632
|
$30,945 |
minimum |
$2,320 |
$7,149 |
$12,240
|
$26,211 |
Number of Complete Years from
Contract Date |
Surrender Charge (% of Amount Withdrawn) |
0 |
2 |
1 |
2 |
2 |
2 |
3 |
2 |
4 |
2 |
5 and thereafter |
0 |
Name of
Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Brief Description of
Restrictions / Limitations |
Systematic
Withdrawal
Program |
Allows you to set up an
automatic payment of an
amount up to your eligible
Guaranteed Withdrawal Benefit
Amount on a periodic basis |
Standard |
No Charge |
•Each payment must be at least $50 (unless we consent otherwise) |
Death
Benefit |
Pays a minimum death benefit
at least equal to the greater of
the Contract Value or total
Purchase Payments adjusted
for any withdrawals |
Standard |
No Charge |
•Withdrawals may proportionately reduce the benefit, and such reductions could be significant •Adjustment for withdrawals under return of Purchase Payment option differs before and after age 59 ½. |
Guaranteed
Withdrawal
Benefit for
Life (GWB) |
Guarantees that the Purchase
Payment you make will be
returned to you through a series
of withdrawals regardless of
investment performance |
Standard |
No Charge |
•Certain withdrawals could
significantly reduce or even
terminate the benefit •No benefit is payable until youngest Annuitant reaches age 59½ •No potential annual step-ups
to GWB Value after age 85 •Annuitizing the contract may end the benefit. |
Age at 1st Withdrawal |
Withdrawal Percentage –
Single Annuitant
(Annuitant’s Age) |
Withdrawal Percentage –
Joint Annuitants
(Youngest Annuitant’s Age) |
59½ – 64 |
4% |
4% |
65 – 75 |
5% |
4.75% |
76 and older |
5.50% |
5.00% |
Youngest Annuitant’s Age at 1st Withdrawal |
Withdrawal Percentage |
59½ – 64 |
4% |
65 – 75 |
5% |
76 and older |
6% |
If you… |
Your “Applicable Age” is.. |
When born on or before June 30, 1949 |
701/2 |
When born on or after July 1, 1949 (and attain age 72 prior to January 1,
2023) |
72 |
2032) |
73* |
Attain age 74 on or after January 1, 2033 |
75* |
*If you were born in 1959, you should consult your tax adviser regarding your
“Applicable Age,” because it is not clear under the SECURE
2.0 Act whether you Applicable Age is age 73 or age 75. |
Investment Objectives |
Portfolio Company and
Adviser/Sub-Adviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/2022) | ||
1
Year |
5
Year |
10
Year | |||
Seeks high total return. |
Fidelity VIP FundsManager 50% Portfolio — Investor
Class#‡1
Fidelity Management & Research
Company LLC |
0.70% |
-13.94% |
3.82% |
5.69% |
Seeks high total return. |
Fidelity VIP FundsManager 60% Portfolio — Investor
Class† Fidelity Management & Research
Company LLC |
0.75% |
-15.06% |
4.37% |
6.66% |
Seeks as high a level of
current income as is
consistent with
preservation of capital and
liquidity. |
Government Money Market Portfolio — Investor Class
Fidelity Management & Research Company
LLC Subadviser:FMR UK, FMR HK, and FMR
Japan |
0.27% |
1.42% |
1.07% |
0.62% |
|
Page |
THE Company |
3 |
THE SEPARATE ACCOUNT |
3 |
SERVICES |
4 |
Independent Registered Public Accounting Firm |
4 |
Custodian |
4 |
Distribution |
4 |
Underwriting Commissions |
4 |
Performance Information |
7 |
Historical Unit Values |
7 |
Reporting Agencies |
7
|
Annuity Provisions |
8 |
Fixed Annuity |
8
|
Mortality And Expense Guarantee |
8 |
Legal Or Regulatory Restrictions On Transactions |
8 |
Tax Status Of The Contracts |
8 |
FINANCIAL STATEMENTS |
10 |
Year |
Underwriting Commissions Paid to the Distributor by the Company |
Amount of Underwriting Commissions Retained by the Distributor |
2022 |
$666,009,009 |
$0 |
2021 |
$795,080,241 |
$0 |
2020 |
$651,736,999 |
$0 |
If you… |
Your “Applicable Age” is…
|
Were born on or before June 30, 1949 |
70½ |
Were born on or after July 1, 1949 (and attain age 72 prior to January 1,
2023) |
72 |
Attain age 72 on or after January 1, 2023 (and attain age 73 on or before
|
73* |
Attain age 74 on or after January 1, 2033 |
75* |
*If you were born in 1959, you should consult your tax adviser regarding your
“Applicable Age,” because it is not clear under the
SECURE 2.0 Act whether your Applicable Age is age 73 or age 75. |
Name and Principal Business Address |
Positions and Offices with Depositor |
Chairman of the Board, President, Chief Executive Officer and a Director |
Director and Vice President |
|
Director and Vice President |
Director, Vice President and Chief Investment Officer |
|
Director, Vice President and Chief Financial Officer |
Vice President and Chief Information Security Officer |
Vice President |
Vice President |
|
Vice President |
Vice President and Controller |
Vice President and Illustration Officer |
Vice President and Appointed Actuary |
Vice President |
|
Vice President and Chief Compliance Officer |
Vice President and Assistant Secretary |
Vice President and Illustration Actuary |
Vice President and Chief Technology Officer |
Chief Derivatives Officer |
Vice President and Chief Risk Officer |
|
Vice President and Tax Director |
Vice President |
Vice President |
|
Vice President – Dividend Actuary |
|
Vice President and Chief Accounting Officer |
|
A. |
Brighthouse Holdings, LLC (DE) | |||
|
1. |
New England Life Insurance Company (MA) | ||
|
2. |
Brighthouse Life Insurance Company (DE) | ||
|
|
a. |
|
Brighthouse Reinsurance Company of Delaware (DE) |
|
|
b. |
|
Brighthouse Life Insurance Company of NY (NY) |
|
|
|
(i.) |
BLICNY Property Ventures, LLC
(DE) |
|
|
c. |
|
Brighthouse Connecticut Properties Ventures, LLC (DE) |
|
|
d. |
|
Brighthouse Renewables Holdings, LLC (DE) |
|
|
|
(i.) |
Greater Sandhill I, LLC (DE)
|
|
|
e. |
|
Daniel/Brighthouse Midtown Atlanta Master Limited Liability Company (DE) |
|
|
|
(i.) |
1075 Peachtree LLC (DE) |
|
|
f. |
|
Brighthouse Assignment Company (CT) |
|
|
g. |
|
ML 1065 Hotel, LLC (DE) |
|
|
h. |
|
TIC European Real Estate LP, LLC (DE) |
|
|
i. |
|
Euro TL Investments LLC (DE) |
|
|
j. |
|
TLA Holdings LLC (DE) |
|
|
|
(i.) |
The Prospect Company, LLC (DE)
|
|
|
k. |
|
Euro TI Investments LLC (DE) |
|
|
l. |
|
TLA Holdings II LLC (DE) |
|
|
m. |
|
BLIC Property Ventures, LLC (DE) |
|
3. |
Brighthouse Securities, LLC (DE) | ||
|
4. |
Brighthouse Services, LLC (DE) | ||
|
5. |
Brighthouse Investment Advisers, LLC (DE) |
Name and Principal Business Address |
Positions and Offices with Underwriter |
11225 North Community House Road |
Manager, President and Chief Executive Officer |
Jeffrey Halperin
11225 North Community House Road |
Vice President, General Counsel and Chief Compliance Officer |
Christopher Hartsfield 11225 North Community House Road |
Vice President and Assistant Secretary |
John Lima 334
Madison Avenue, Floor 3 |
Vice President and Chief Derivatives Officer |
Melissa Pavlovich
11225 North Community House Road |
Vice President and Tax Director |
(1) Name of Principal Underwriter |
(2) Net Underwriting Discounts
And Commissions |
(3) Compensation On
Redemption |
(4) Brokerage Commissions
|
(5) Other Compensation
|
Brighthouse Securities, LLC |
$666,009,009 |
$0 |
$0 |
$0 |
|
BRIGHTHOUSE SEPARATE ACCOUNT A
(Registrant) | |
|
By: |
BRIGHTHOUSE LIFE INSURANCE COMPANY |
|
By: |
/s/
Donald A. Leintz |
|
|
Donald A. Leintz Vice President |
|
By: |
BRIGHTHOUSE LIFE INSURANCE COMPANY |
|
|
(Depositor) |
|
By: |
/s/
Donald A. Leintz |
|
|
Donald A. Leintz Vice President |
/s/ Eric Steigerwalt* |
Chairman of the Board, President, Chief Executive Officer
and a Director |
|
|
/s/ Myles Lambert* |
Director |
|
|
/s/ David A. Rosenbaum* |
Director |
|
|
/s/ Jonathan Rosenthal* |
Director |
|
|
/s/ Edward A. Spehar* |
Director, Vice President and Chief Financial Officer |
|
|
/s/ Kristine Toscano* |
Vice President and Chief Accounting Officer |
|
|
Vice President and Controller | |
|
*By: |
/s/
Michele H. Abate |
|
|
Michele H. Abate, Attorney-In-Fact |
This ‘485BPOS’ Filing | Date | Other Filings | ||
---|---|---|---|---|
1/1/33 | ||||
12/31/32 | ||||
Effective on: | 5/1/23 | 485BPOS | ||
Filed on: | 4/14/23 | |||
4/6/23 | ||||
1/1/23 | ||||
12/31/22 | 24F-2NT, N-30D, N-CEN, N-VPFS | |||
12/29/22 | ||||
4/29/22 | 485BPOS | |||
12/31/21 | 24F-2NT, N-30D, N-CEN, N-VPFS | |||
1/1/21 | ||||
12/31/20 | 24F-2NT, N-30D, N-CEN, N-VPFS | |||
1/1/20 | ||||
8/4/17 | ||||
3/6/17 | 485APOS, 497 | |||
11/17/14 | EFFECT, N-4 | |||
11/14/14 | 485APOS, EFFECT, N-4 | |||
7/21/12 | ||||
12/7/07 | ||||
11/9/06 | ||||
5/1/06 | 485BPOS | |||
2/12/01 | ||||
1/8/01 | ||||
12/31/99 | 24F-2NT, NSAR-U | |||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/11/24 Brighthouse Separate Account A 485BPOS 4/29/24 3:1.2M Donnelley … Solutions/FA |