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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 4:3.4M Donnelley … Solutions/FA → Brighthouse Separate Account A ⇒ Series L – 4 Year (offered between October 7, 2011 & April 28, 2013) |
Document/Exhibit Description Pages Size 1: 485BPOS Series L - 4 Year Post-Effective Amendment No. 10 HTML 2.88M 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
Series L - 4 Year Post-Effective Amendment No. 10 |
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 |
|
Pre-Effective Amendment No. |
☐ |
Post-Effective Amendment No. 10 |
☒ |
and |
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REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 |
|
Amendment No. 773 |
☒ |
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E-1 | |
E-1 |
|
Fees and Expenses |
Location in
Prospectus | |||
Charges for Early
Withdrawals |
If you withdraw money during the first 4 full
Contract Years following a
premium payment, you may be assessed a withdrawal charge of up to 7% of
the premium withdrawn, declining to 0% over that time
period. For example, if you make an early withdrawal, you
could pay a withdrawal charge of up to $7,000 on a
$100,000 investment. |
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, which include the
Investment Portfolios and the
Fixed Account.
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. |
Fee Table and Examples Expenses – Transfer Fee |
|
Fees and Expenses |
Location in
Prospectus | |||
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. |
Fee Table and
Examples
Expenses –
Product
Charges
Appendix A:
Available
Under the
Contract | |||
Annual Fee |
Minimum |
Maximum | |||
Base Contract1 |
1.62% |
1.62% | |||
Investment options
(Portfolio Company fees and
expenses)2 |
0.53% |
1.29% | |||
Optional benefits available for
an additional charge (for a
single optional benefit, if
elected) |
0.20%3 |
1.15%4 | |||
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 average Account Value in the
Separate Account. This charge is the current
charge for the least expensive optional benefit.
4 As a percentage of the Death Benefit Base, which is a value used to calculate your benefit. This
charge is the current charge for the most expensive optional
benefit. | |||||
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. | |||||
Lowest Annual Cost
$1,948 |
Highest Annual Cost
$5,789 | ||||
Assumes: |
Assumes: | ||||
•Investment of $100,000 •5% annual appreciation •Least expensive Portfolio Company fees and expenses •No optional benefits •No additional Purchase Payments,
transfers, or withdrawals |
•Investment of $100,000 •5% annual appreciation •Most expensive combination of optional benefits and Portfolio Company fees and expenses | ||||
|
Risks |
| |||
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.
Withdrawal charges may apply for the first 4 years of the
Contract. Withdrawal 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 |
Location in
Prospectus | |||
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, including the
Fixed Account, has its own unique
risks. •You should review the prospectuses for the available funds and the
prospectus disclosure concerning the
Fixed Account 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 (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 BLIC, including our financial strength
ratings, is available by contacting us at (888) 243-
1968. |
Principal Risks | |||
|
Restrictions |
| |||
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. |
Investment
Options | |||
Optional Benefits |
•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 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.
|
Purchase –
Investment
Allocation
Restrictions for
Certain Riders
Living Benefits
Appendix B:
Investment
Available
Under the
Benefits
Offered Under
the Contract | |||
|
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 1∕2. |
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 and Other Exchanges |
Withdrawal Charge (Note 1)
(as a percentage of
Purchase Payments) |
7% |
|
|
Transfer Fee (Note 2) |
$25
$0 (First 12 per year) |
|
Number of Complete Years from
Receipt of Purchase Payment
|
Withdrawal Charge
(% of Purchase Payment)
|
|
0 |
7 |
|
1 |
6 |
|
2 |
6 |
|
3 |
5 |
|
4 and thereafter |
0 |
Annual Contract Expenses |
|
Administrative Expenses (Note 1) |
$30 |
Base Contract Expenses (Note 2) |
1.60% |
(as a percentage of average Account Value) |
|
Optional Benefit Expenses (Note 3, Note 4)
|
|
Optional Death Benefit — Annual Step-Up (as a percentage of average Account Value) |
0.20% |
Optional Death Benefit — Compounded Plus (as a percentage of average Account Value) |
0.35% |
Additional Death Benefit — Earnings Preservation Benefit (as a percentage of average Account Value) |
0.25% |
Guaranteed Minimum Income Benefit (GMIB) Rider Charges (Note 5) |
|
(as a percentage of the Income Base (Note 6)) |
|
GMIB Max IV — maximum charge |
1.50% |
GMIB Max IV — current charge |
1.00% |
GMIB Max III — maximum charge |
1.50% |
GMIB Max III — current charge |
1.00% |
GMIB Max II — maximum charge |
1.50% |
GMIB Max II — current charge |
1.00% |
GMIB Plus IV — maximum charge |
1.50% |
GMIB Plus IV — current charge |
1.00% |
GMIB Plus III — maximum charge |
1.50% |
GMIB Plus III — current charge |
1.00% |
Enhanced Death Benefit (EDB) Rider Charge (Note 7) |
|
(as a percentage of the Death Benefit Base (Note 8)) |
|
EDB Max IV — maximum charge |
1.50% |
EDB Max IV (issue age 69 or younger) — current charge |
0.60% |
EDB Max IV (issue age 70-75) — current charge |
1.15% |
EDB Max III — maximum charge |
1.50% |
EDB Max III (issue age 69 or younger) — current charge |
0.60% |
EDB Max III (issue age 70-75) — current charge |
1.15% |
EDB Max II — maximum charge |
1.50% |
EDB Max II (issue age 69 or younger) — current charge |
0.60% |
EDB Max II (issue age 70-75) — current charge |
1.15% |
Enhanced Death Benefit III — maximum charge |
1.50% |
Enhanced Death Benefit III (issue age 69 or
younger) — current
charge |
0.60% |
Enhanced Death Benefit III (issue age
70-75) — current charge
|
1.15% |
Enhanced Death Benefit II — maximum charge |
1.50% |
Enhanced Death Benefit II (issue age 69 or
younger) — current
charge |
0.60% |
Enhanced Death Benefit II (issue age
70-75) — current charge
|
1.15% |
|
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% |
1.29% |
Time Periods | ||||
|
1 year |
3 years |
5 years |
10 years |
maximum |
$12,920 |
$23,475 |
$30,747 |
$64,844 |
minimum |
$12,810 |
$23,272 |
$30,636 |
$65,892 |
Time Periods | ||||
|
1 year |
3 years |
5 years |
10 years |
maximum |
$5,920 |
$18,075 |
$30,747 |
$64,844 |
minimum |
$5,810 |
$17,872 |
$30,636 |
$65,892 |
Time Periods | ||||
|
1 year |
3 years |
5 years |
10 years |
maximum |
$9,920 |
$14,284 |
$15,101 |
$31,829 |
minimum |
$9,160 |
$12,005 |
$11,308 |
$24,299 |
Time Periods | ||||
|
1 year |
3 years |
5 years |
10 years |
maximum |
$2,920 |
$8,884 |
$15,101 |
$31,829 |
Time Periods | ||||
|
1 year |
3 years |
5 years |
10 years |
minimum |
$2,160 |
$6,605 |
$11,308 |
$24,299 |
Annual Step-Up Death Benefit |
0.20% |
Compounded-Plus Death Benefit |
0.35% |
Additional Death Benefit — Earnings Preservation Benefit |
0.25% |
Number of Complete Years from Receipt of Purchase Payment |
Withdrawal Charge (% of Purchase Payment) |
0 |
7 |
1 |
6 |
2 |
6 |
3 |
5 |
4 and thereafter |
0 |
Name of
Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Current
Charges |
Brief Description of
Restrictions / Limitations |
Dollar Cost
Averaging
Program |
Allows you to systematically
transfer a set amount each
month from Investment
Portfolios or the Fixed
Account to other available
Investment Portfolios |
Standard |
No Charge |
N/A |
•Available only during the Accumulation phase •Transfers only available from the Fixed Account or the BlackRock Ultra-Short Term Bond Portfolio •Not available with the GMIB rider or GMIB and Enhanced Death Benefit rider |
Enhanced
Dollar Cost
Averaging
(EDCA)
Program |
Allows you to systematically
transfer amounts from the
EDCA account in the general
account, to any available
Investment Portfolio(s) you
select |
Standard |
No Charge |
N/A |
•Available only during the Accumulation phase •Generally only available for new Purchase Payments or portions thereof •Not available in Oregon |
Three Month
Market
Entry
Program |
Allows you to systematically
transfer amounts from the
EDCA account in the general
account, to any available
Investment Portfolio(s) you
select, over a three months
period |
Standard |
No Charge |
N/A |
•Available only during the Accumulation phase •Transfers are limited to a three month duration |
Automatic
Rebalancing
Program |
Allows us to automatically
rebalance your Account
Value to return to your
original percentage
allocations |
Standard |
No Charge |
N/A |
•Available only during the Accumulation phase •If you have selected the GMIB Max IV, GMIB Max III, GMIB Max II, EDB Max IV, EDB Max III, or EDB Max II riders, the Fixed Account is not available. |
Systematic
Withdrawal
Program |
Allows you to set up an
automatic payment of up to
10% of your total Purchase
Payments each year |
Standard |
No Charge |
N/A |
•Each payment must be at
least $100 (unless we
consent otherwise) •In the first Contract Year, only monthly or quarterly payments are allowed |
Name of
Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Current
Charges |
Brief Description of
Restrictions /
Limitations |
Nursing
Home or
Hospital
Confinement
Rider |
Allows you to withdraw
Account Value without a
withdrawal charge |
Standard |
No Charge |
N/A |
•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 and be medically necessary •Terminates on Annuity Date •Not available for owners
81 or older on the contract
issue date •Not available in Massachusetts or South Dakota |
Terminal
Illness Rider |
Allows you to withdraw
Account Value without a
withdrawal charge |
Standard |
No Charge |
N/A |
•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 •Not available in Massachusetts |
Standard
Death
Benefit –
Principal
Protection |
Pays a minimum death
benefit at least equal to the
greater of the Account Value
or total Purchase Payments
adjusted for any withdrawals |
Standard |
No Charge |
N/A |
•Withdrawals may
proportionately reduce the
benefit, and such
reductions could be
significant |
Name of
Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Current
Charges |
Brief Description of
Restrictions /
Limitations |
Annual
Step-Up
Death
Benefit |
Pays a death benefit equal to
the greater of your Account
Value, your total Purchase
Payments adjusted for any
withdrawals, or your Step-
Up Value |
Optional |
0.20% of
average daily
net asset value
of each
Investment
Portfolio |
0.20% of
average daily
net asset value
of each
Investment
Portfolio |
•No longer available •Must be 79 or younger at the effective date of your contract •Withdrawals may
proportionately reduce the
benefit, and such
reductions could be
significant |
Compounded-
Plus Death
Benefit |
Pays a death benefit equal to
the greater of your Account
Value and your highest
Account Value on a Contract
Anniversary or the Annual
Increase Amount adjusted
for any withdrawals |
Optional |
0.35% of
average daily
net asset value
of each
Investment
Portfolio |
0.35% of
average daily
net asset value
of each
Investment
Portfolio |
•No longer available •Withdrawals may proportionately reduce the benefit, and such reductions could be significant and could have the effect of eliminating the benefit |
Death
Benefit –
Earnings
Preservation
Benefit |
Pays an additional death
benefit that is intended to
help pay part of the income
taxes due at the time of
death of the Owner or Joint
Owner |
Optional |
0.25% of
average daily
net asset value
of each
Investment
Portfolio |
0.25% of
average daily
net asset value
of each
Investment
Portfolio |
•No longer available •Must be 79 or younger at the effective date of your contract •This benefit may not be
available for qualified
plans •Not available in Washington |
Name of
Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Current
Charges |
Brief Description of
Restrictions /
Limitations |
Guaranteed
Minimum
Income
Benefit Max
IV (GMIB
Max IV) |
Provides a specified
guaranteed level of minimum
fixed Annuity Payments
during the Income Phase
regardless of investment
performance |
Optional |
1.50% of the
Income Base |
1.00% of the
Income Base |
•No longer available •You may not have this benefit and another living benefit rider in effect at the same time •Certain withdrawals could significantly reduce or terminate the benefit •Benefit subject to Investment Portfolio allocation restrictions •Benefit may be exercised after a 10-year waiting period and then only within 30 days following a contract anniversary •Benefit must be exercised no later than the 30-day period following the contract anniversary prior to the Owner's 91st birthday •Exercising option to reset
the Annual Increase
Amount to Account Value
will restart the 10-year
waiting period •Additional restrictions on Purchase Payments may apply •The Guaranteed Principal
Option may be exercised
on each contract
anniversary starting with
the 10th contract
anniversary through the
contract anniversary prior
to the Owner's 91st
birthday •Exercising the Guaranteed Principal Option terminates the benefit •Enhanced Payout Rates, which may be available upon exercise of the benefit, depend on your age at the time you took your first withdrawal and other circumstances |
Name of
Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Current
Charges |
Brief Description of
Restrictions /
Limitations |
Guaranteed
Minimum
Income
Benefit Max
III (GMIB
Max III) |
Provides a specified
guaranteed level of minimum
fixed Annuity Payments
during the Income Phase
regardless of investment
performance |
Optional |
1.50% of the
Income Base |
1.00% of the
Income Base |
•No longer available •You may not have this benefit and another living benefit rider in effect at the same time •Certain withdrawals could significantly reduce or terminate the benefit •Benefit subject to Investment Portfolio allocation restrictions •Benefit may be exercised after a 10-year waiting period and then only within 30 days following a contract anniversary •Benefit must be exercised no later than the 30-day period following the contract anniversary prior to the Owner's 91st birthday •Exercising option to reset
the Annual Increase
Amount to Account Value
will restart the 10-year
waiting period •Additional restrictions on Purchase Payments may apply •The Guaranteed Principal
Option may be exercised
on each contract
anniversary starting with
the 10th contract
anniversary through the
contract anniversary prior
to the Owner's 91st
birthday •Exercising the Guaranteed Principal Option terminates the benefit •Enhanced Payout Rates, which may be available upon exercise of the benefit, depend on your age at the time you took your first withdrawal and other circumstances |
Name of
Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Current
Charges |
Brief Description of
Restrictions /
Limitations |
Guaranteed
Minimum
Income
Benefit Max
II (GMIB
Max II) |
Provides a specified
guaranteed level of minimum
fixed Annuity Payments
during the Income Phase
regardless of investment
performance |
Optional |
1.50% of the
Income Base |
1.00% of the
Income Base |
•No longer available •You may not have this benefit and another living benefit rider in effect at the same time •Certain withdrawals could significantly reduce or terminate the benefit •Benefit subject to Investment Portfolio allocation restrictions •Benefit may be exercised after a 10-year waiting period and then only within 30 days following a contract anniversary •Benefit must be exercised no later than the 30-day period following the contract anniversary prior to the Owner's 91st birthday •Exercising option to reset
the Annual Increase
Amount to Account Value
will restart the 10-year
waiting period •Additional restrictions on Purchase Payments may apply •The Guaranteed Principal
Option may be exercised
on each contract
anniversary starting with
the 10th contract
anniversary through the
contract anniversary prior
to the Owner's 91st
birthday •Exercising the Guaranteed Principal Option terminates the benefit •Enhanced Payout Rates, which may be available upon exercise of the benefit, depend on your age at the time you took your first withdrawal and other circumstances |
Name of
Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Current
Charges |
Brief Description of
Restrictions /
Limitations |
Guaranteed
Minimum
Income
Benefit Plus
IV (GMIB
Plus IV) |
Provides a specified
guaranteed level of minimum
fixed Annuity Payments
during the Income Phase
regardless of investment
performance |
Optional |
1.50% of the
Income Base |
1.00% of the
Income Base |
•No longer available •You may not have this benefit and another living benefit rider in effect at the same time •Certain withdrawals could significantly reduce or even terminate the benefit •Benefit subject to Investment Portfolio allocation restrictions •Benefit may be exercised after a 10-year waiting period and then only within 30 days following a contract anniversary •Benefit must be exercised no later than the 30-day period following the contract anniversary prior to the Owner's 91st birthday •Exercising option to reset
the Annual Increase
Amount to Account Value
will restart the 10-year
waiting period •Additional restrictions on Purchase Payments may apply •Guaranteed Principal
Option may be exercised
on each contract
anniversary starting with
the 10th contract
anniversary through the
contract anniversary prior
to the Owner's 91st
birthday •Exercising the Guaranteed Principal Option terminates the benefit •Enhanced Payout Rates, which may be available upon exercise of the benefit, depend on your age at the time you took your first withdrawal and other circumstances |
Name of
Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Current
Charges |
Brief Description of
Restrictions /
Limitations |
Guaranteed
Minimum
Income
Benefit Plus
III (GMIB
Plus III) |
Provides a specified
guaranteed level of minimum
fixed Annuity Payments
during the Income Phase
regardless of investment
performance |
Optional |
1.50% of the
Income Base |
1.00% of the
Income Base |
•No longer available •You may not have this benefit and another living benefit rider in effect at the same time •Certain withdrawals could significantly reduce or even terminate the benefit •Benefit subject to Investment Portfolio allocation restrictions •Benefit may be exercised after a 10-year waiting period and then only within 30 days following a contract anniversary •Benefit must be exercised no later than the 30-day period following the contract anniversary prior to the Owner's 91st birthday •Exercising option to reset
the Annual Increase
Amount to Account Value
will restart the 10-year
waiting period •Additional restrictions on Purchase Payments may apply •Guaranteed Principal
Option may be exercised
on each contract
anniversary starting with
the 10th contract
anniversary through the
contract anniversary prior
to the Owner's 91st
birthday •Exercising the Guaranteed Principal Option terminates the benefit •Enhanced Payout Rates, which may be available upon exercise of the benefit, depend on your age at the time you took your first withdrawal and other circumstances |
Name of
Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Current
Charges |
Brief Description of
Restrictions /
Limitations |
Enhanced
Death
Benefit Max
IV (EDB Max
IV) |
Pays a death benefit equal to
the greater of your Account
Value or a Death Benefit
Base that provides protection
against adverse investment
experience |
Optional |
1.50% of
Death Benefit
Base |
0.60% of
Death Benefit
Base (issue
age 69 or
younger)
1.15% of
Death Benefit
Base (issue
age 70-75) |
•No longer available •You may not have this benefit and another living benefit rider (except the GMIB Max IV rider) in effect at the same time •Benefit subject to Investment Portfolio allocation restrictions •Withdrawals may proportionately reduce the Death Benefit Base, and such reductions could be significant and could have the effect of eliminating the benefit •Additional restrictions on Purchase Payments may apply |
Enhanced
Death
Benefit Max
III (EDB Max
III) |
Pays a death benefit equal to
the greater of your Account
Value or a Death Benefit
Base that provides protection
against adverse investment
experience |
Optional |
1.50% of
Death Benefit
Base |
0.60% of
Death Benefit
Base (issue
age 69 or
younger)
1.15% of
Death Benefit
Base (issue
age 70-75) |
•No longer available •You may not have this benefit and another living benefit rider (except the GMIB Max III rider) in effect at the same time •Benefit subject to Investment Portfolio allocation restrictions •Withdrawals may proportionately reduce the Death Benefit Base, and such reductions could be significant and could have the effect of eliminating the benefit •Additional restrictions on Purchase Payments may apply |
Name of
Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Current
Charges |
Brief Description of
Restrictions /
Limitations |
Enhanced
Death
Benefit Max
II (EDB Max
II) |
Pays a death benefit equal to
the greater of your Account
Value or a Death Benefit
Base that provides protection
against adverse investment
experience |
Optional |
1.50% of
Death Benefit
Base |
0.60% of
Death Benefit
Base (issue
age 69 or
younger)
1.15% of
Death Benefit
Base (issue
age 70-75) |
•No longer available •You may not have this benefit and another living benefit rider (except the GMIB Max II rider) in effect at the same time •Benefit subject to Investment Portfolio allocation restrictions •Withdrawals may proportionately reduce the Death Benefit Base, and such reductions could be significant and could have the effect of eliminating the benefit •Additional restrictions on Purchase Payments may apply |
Enhanced
Death
Benefit III |
Pays a death benefit equal to
the greater of your Account
Value or a Death Benefit
Base that provides protection
against adverse investment
experience |
Optional |
1.50% of
Death Benefit
Base |
0.60% of
Death Benefit
Base (issue
age 69 or
younger)
1.15% of
Death Benefit
Base (issue
age 70-75) |
•No longer available •You may not have this benefit and another living benefit rider (except the GMIB Plus IV rider) in effect at the same time •Benefit subject to Investment Portfolio allocation restrictions •Withdrawals may proportionately reduce the Death Benefit Base, and such reductions could be significant and could have the effect of eliminating the benefit •Additional restrictions on Purchase Payments may apply |
Name of
Benefit |
Purpose |
Standard
or
Optional |
Maximum
Annual Fee |
Current
Charges |
Brief Description of
Restrictions /
Limitations |
Enhanced
Death
Benefit II |
Pays a death benefit equal to
the greater of your Account
Value or a Death Benefit
Base that provides protection
against adverse investment
experience |
Optional |
1.50% of
Death Benefit
Base |
0.60% of
Death Benefit
Base (issue
age 69 or
younger)
1.15% of
Death Benefit
Base (issue
age 70-75) |
•No longer available •You may not have this benefit and another living benefit rider (except the GMIB Plus III rider) in effect at the same time •Benefit subject to Investment Portfolio allocation restrictions •Withdrawals may proportionately reduce the Death Benefit Base, and such reductions could be significant and could have the effect of eliminating the benefit •Additional restrictions on Purchase Payments may apply |
GMIB
Rider |
GMIB
Annual
Increase
Rate |
GMIB
Dollar-for-
Dollar
Withdrawal
Rate |
Enhanced Payout Rates |
GMIB Annuity Table
Basis |
Rider
Charge | |
Minimum
Enhanced
Payout
Withdrawal
Age |
Enhanced
Payout
Rate | |||||
GMIB Max IV |
5.0% |
4.5% if first
withdrawal
prior to 5th
contract
anniversary1 or
5.0% if first
withdrawal on
or after 5th
contract
anniversary1 |
62 |
4.5% |
Annuity 2000
Mortality Table,
10 years of mortality
improvement based on
projection Scale AA,
10-year age set back
with interest of 0.5%
per annum |
Maximum Charge:
1.50% of the
Income Base
Current Charge:
1.00% of the
Income Base |
67 |
5.0% | |||||
GMIB Max III |
5.0% |
5.0% |
62 |
5.0% |
Annuity 2000
Mortality Table,
10 years of mortality
improvement based on
projection Scale AA,
10-year age set back
with interest of 1.0%
per annum | |
GMIB Max II |
5.5% |
5.5% |
62 |
5.0% |
Annuity 2000
Mortality Table,
10 years of mortality
improvement based on
projection Scale AA,
10-year age set back
with interest of 1.0%
per annum | |
67 |
5.5% | |||||
GMIB Plus IV |
4.5% |
4.5% |
60 |
4.5% |
Annuity 2000
Mortality Table,
10 years of mortality
improvement based on
projection Scale AA,
10-year age set back
with interest of 1.0%
per annum | |
GMIB Plus III |
5.0% |
5.0% |
60 |
5.0% |
Annuity 2000
Mortality Table,
10-year age set back
with interest of 1.5%
per annum | |
62 |
5.5% |
Rider
Version |
All States
except FL,
NV, NJ, OR |
Florida |
Nevada |
New Jersey |
Oregon |
Rider
Charge |
GMIB Max IV |
12/19/12 -
02/03/13 |
12/19/12 -
02/24/13 |
12/19/12 -
02/24/13 |
12/19/12 -
02/24/13 |
12/19/12 -
02/03/13 |
Maximum
Charge:
1.50% of the
Income Base
Current Charge:
1.00% of the
Income Base |
GMIB Max III |
01/03/12 -
12/18/12 |
01/03/12 -
12/18/12 |
02/27/12 -
12/18/12 |
01/03/12 -
12/18/12 |
01/03/12 -
12/18/12 | |
GMIB Max II |
10/10/11 -
12/30/11 |
10/10/11 -
12/30/11 |
N/A |
10/10/11 -
12/30/11 |
10/10/11 -
12/30/11 | |
GMIB Plus IV |
10/10/11 -
02/24/12 |
10/10/11 -
02/24/12 |
N/A |
10/10/11 -
02/24/12 |
10/10/11 -
02/24/12 | |
GMIB Plus III |
N/A |
N/A |
10/10/11 -
02/24/12 |
N/A |
N/A |
EDB
Rider |
EDB
Annual
Increase
Rate |
EDB
Dollar-for-Dollar
Withdrawal
Rate |
Rider
Charge |
EDB Max IV |
5.0% |
4.5% if first
withdrawal prior to
5th contract
anniversary1 or 5.0% if
first withdrawal on or
after 5th contract
anniversary1 |
Maximum Charge: 1.50% of the Death Benefit Base
Current Charge (issue
age 69 or younger): 0.60% of the Death Benefit Base
Current Charge (issue
age 70-75): 1.15% of the Death Benefit Base |
EDB Max III |
5.0% |
5.0% | |
EDB Max II |
5.5% |
5.5% | |
EDB III |
4.5% |
4.5% | |
EDB II |
5.0% |
5.0% |
Rider
Version |
All States
except FL,
NV, NJ, OR |
Florida |
Nevada |
New Jersey |
Oregon |
Rider
Charge |
EDB Max IV |
12/19/12 -
02/03/13 |
12/19/12 -
02/24/13 |
12/19/12 -
02/24/13 |
12/19/12 -
02/24/13 |
12/19/12 -
02/03/13 |
Maximum
Charge:
1.50% of the
Death Benefit
Base
Current Charge
(issue age 69 or
younger): 0.60% of the
Death Benefit
Base
Current Charge
(issue
age 70-75): 1.15% of the
Death Benefit
Base |
EDB Max III |
01/03/12 -
12/18/12 |
01/03/12 -
12/18/12 |
02/27/12 -
12/18/12 |
01/03/12 -
12/18/12 |
01/03/12 -
12/18/12 | |
EDB Max II |
10/10/11 -
12/30/11 |
10/10/11 -
12/30/11 |
N/A |
10/10/11 -
12/30/11 |
N/A | |
EDB III |
10/10/11 -
02/24/12 |
10/10/11 -
02/24/12 |
N/A |
10/10/11 -
02/24/12 |
N/A | |
EDB II |
N/A |
N/A |
10/10/11 -
02/24/12 |
N/A |
N/A |
Issue Age |
Benefit
Percentage |
Ages 69 or younger |
40% |
Ages 70-79 |
25% |
If you… |
Your “Applicable
Age” is.. |
When born on or before June 30,
1949 |
70 1∕2 |
72 | |
73* | |
Attain age 74 on or after
|
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. |
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 capital appreciation and
current income. |
AB Global Dynamic Allocation
Portfolio — Class B#*
Brighthouse Investment Advisers,
LLC
Subadviser:AllianceBernstein L.P. |
0.89% |
-20.43% |
0.26% |
3.65% |
Seeks long-term capital
appreciation. |
Allspring Mid Cap Value
Portfolio — Class B#
Brighthouse Investment Advisers,
LLC
Subadviser:Allspring Global
Investments, LLC |
0.96% |
-4.97% |
8.14% |
9.73% |
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% |
-16.76% |
4.29% |
6.85% |
Seeks growth of capital. |
American Funds® Growth
Allocation Portfolio — Class C‡
Brighthouse Investment Advisers,
LLC |
0.99% |
-18.52% |
5.17% |
8.43% |
Seeks to achieve growth of capital. |
American Funds® Growth
Portfolio — Class C
Brighthouse Investment Advisers,
LLC; Capital Research and
Management CompanySM |
0.91% |
-30.16% |
10.80% |
13.30% |
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 |
0.93% |
-14.63% |
3.48% |
5.54% |
Seeks capital appreciation and
current income. |
BlackRock Global Tactical
Strategies Portfolio — Class B#*
Brighthouse Investment Advisers,
LLC
Subadviser:BlackRock Financial
Management, Inc. |
0.94% |
-18.89% |
0.79% |
3.69% |
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 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. |
0.89% |
-10.33% |
2.49% |
4.18% |
Seeks growth of capital. |
Brighthouse Asset Allocation 100
Portfolio — Class B‡
Brighthouse Investment Advisers,
LLC |
0.98% |
-20.15% |
5.16% |
8.67% |
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 |
0.93% |
-21.81% |
1.61% |
5.26% |
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 |
1.08% |
-13.09% |
4.44% |
8.79% |
Seeks capital appreciation. |
Brighthouse/abrdn Emerging
Markets Equity
Portfolio — Class B#
Brighthouse Investment Advisers,
LLC
Subadviser:abrdn Investments
Limited |
1.19% |
-25.81% |
-1.46% |
0.18% |
Seeks a high level of current income. |
Brighthouse/Eaton Vance Floating
Rate Portfolio — Class B#
Brighthouse Investment Advisers,
LLC
Subadviser:Eaton Vance
Management |
0.93% |
-1.60% |
2.22% |
2.75% |
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.
|
0.72% |
-4.74% |
0.50% |
0.85% |
Seeks current income with capital
appreciation and growth of income. |
Brighthouse/Templeton
International Bond
Portfolio — Class B
Brighthouse Investment Advisers,
LLC
Subadviser:Franklin Advisers, Inc.
|
0.95% |
-4.63% |
-2.73% |
-1.48% |
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 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 |
0.89% |
-24.99% |
1.77% |
3.50% |
Seeks long-term capital
appreciation. |
Harris Oakmark International
Portfolio — Class B#
Brighthouse Investment Advisers,
LLC
Subadviser:Harris Associates L.P. |
0.97% |
-16.00% |
-1.94% |
4.15% |
Seeks total return. |
Invesco Balanced-Risk Allocation
Portfolio — Class B#*
Brighthouse Investment Advisers,
LLC
Subadviser:Invesco Advisers, Inc. |
0.92% |
-12.41% |
2.68% |
3.75% |
Seeks capital growth and income. |
Invesco Comstock
Portfolio — Class B#
Brighthouse Investment Advisers,
LLC
Subadviser:Invesco Advisers, Inc. |
0.81% |
0.64% |
7.92% |
10.92% |
Seeks long-term growth of capital. |
Invesco Small Cap Growth
Portfolio — Class B#
Brighthouse Investment Advisers,
LLC
Subadviser:Invesco Advisers, Inc. |
1.06% |
-35.15% |
4.23% |
9.83% |
Seeks to maximize total return. |
JPMorgan Core Bond
Portfolio — Class B#
Brighthouse Investment Advisers,
LLC
Subadviser:J.P. Morgan Investment
Management Inc. |
0.69% |
-12.87% |
0.05% |
0.81% |
Seeks capital appreciation and
current income. |
JPMorgan Global Active Allocation
Portfolio — Class B#*
Brighthouse Investment Advisers,
LLC
Subadviser:J.P. Morgan Investment
Management Inc. |
0.97% |
-17.54% |
1.94% |
4.70% |
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. |
1.03% |
-23.30% |
3.95% |
6.73% |
Seeks long-term growth of capital. |
Loomis Sayles Growth
Portfolio — Class B#
Brighthouse Investment Advisers,
LLC
Subadviser:Loomis, Sayles &
Company, L.P. |
0.82% |
-28.00% |
5.28% |
10.08% |
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 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 |
0.65% |
-21.09% |
0.83% |
4.36% |
Seeks capital appreciation. |
MFS® Research International
Portfolio — Class B#
Brighthouse Investment Advisers,
LLC
Subadviser:Massachusetts Financial
Services Company |
0.89% |
-17.57% |
2.81% |
4.75% |
Seeks total return. |
PanAgora Global Diversified Risk
Portfolio — Class B#*
Brighthouse Investment Advisers,
LLC
Subadviser:PanAgora Asset
Management, Inc. |
0.96% |
-25.66% |
-0.05% |
— |
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 |
1.02% |
-11.88% |
1.83% |
0.73% |
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 |
0.74% |
-14.56% |
-0.22% |
0.81% |
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% |
-20.17% |
-0.01% |
3.56% |
Seeks growth of capital and income. |
SSGA Growth and Income ETF
Portfolio — Class B‡
Brighthouse Investment Advisers,
LLC
Subadviser:SSGA Funds
Management, Inc. |
0.79% |
-15.38% |
3.33% |
5.40% |
Seeks growth of capital. |
SSGA Growth ETF
Portfolio — Class B‡
Brighthouse Investment Advisers,
LLC
Subadviser:SSGA Funds
Management, Inc. |
0.82% |
-15.87% |
4.13% |
6.64% |
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 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% |
-5.15% |
7.15% |
10.84% |
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% |
-22.53% |
7.19% |
11.91% |
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. |
0.84% |
-2.70% |
9.85% |
10.16% |
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 |
0.70% |
-14.68% |
-0.66% |
0.37% |
Seeks long-term growth of capital. |
Baillie Gifford International Stock
Portfolio — Class B#
Brighthouse Investment Advisers,
LLC
Subadviser:Baillie Gifford Overseas
Limited |
0.98% |
-28.81% |
-0.49% |
4.17% |
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% |
1.18% |
0.87% |
0.51% |
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 |
0.88% |
-12.69% |
1.53% |
2.71% |
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 |
0.87% |
-13.84% |
2.58% |
4.38% |
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 |
0.90% |
-15.33% |
3.69% |
6.07% |
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 growth of capital. |
Brighthouse Asset Allocation 80
Portfolio — Class B‡
Brighthouse Investment Advisers,
LLC |
0.93% |
-17.97% |
4.52% |
7.53% |
Seeks long-term capital growth. |
Brighthouse/Artisan Mid Cap Value
Portfolio — Class B#
Brighthouse Investment Advisers,
LLC
Subadviser:Artisan Partners Limited
Partnership |
1.01% |
-12.84% |
4.56% |
8.02% |
Seeks long-term capital
appreciation. |
Brighthouse/Dimensional
International Small Company
Portfolio — Class B#
Brighthouse Investment Advisers,
LLC
Subadviser:Dimensional Fund
Advisors LP |
1.05% |
-17.70% |
-0.07% |
5.64% |
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% |
-5.31% |
11.17% |
12.50% |
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 E††
Brighthouse Investment Advisers,
LLC
Subadviser:Wellington Management
Company LLP |
0.76% |
-5.21% |
11.28% |
12.61% |
Seeks maximum capital
appreciation. |
Frontier Mid Cap Growth
Portfolio — Class B#
Brighthouse Investment Advisers,
LLC
Subadviser:Frontier Capital
Management Company, LLC |
0.95% |
-28.33% |
6.13% |
10.30% |
Seeks long-term growth of capital. |
Jennison Growth
Portfolio — Class B#
Brighthouse Investment Advisers,
LLC
Subadviser:Jennison Associates LLC
|
0.79% |
-39.02% |
8.14% |
12.77% |
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 |
0.57% |
-13.33% |
-0.48% |
0.52% |
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 |
0.59% |
-13.50% |
6.13% |
10.18% |
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 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 |
0.68% |
-14.66% |
1.12% |
4.08% |
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 |
0.61% |
-20.46% |
3.79% |
8.68% |
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% |
-18.51% |
8.88% |
12.00% |
Seeks capital appreciation. |
MFS® Value Portfolio — Class B#
Brighthouse Investment Advisers,
LLC
Subadviser:Massachusetts Financial
Services Company |
0.81% |
-6.22% |
7.26% |
11.00% |
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% |
-19.32% |
7.43% |
10.47% |
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% |
-40.67% |
4.65% |
11.00% |
Seeks long-term capital appreciation
with income as a secondary
consideration. |
VanEck Global Natural Resources
Portfolio — Class B#
Brighthouse Investment Advisers,
LLC
Subadviser:Van Eck Associates
Corporation |
1.00% |
7.98% |
4.39% |
0.67% |
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 |
0.80% |
-16.93% |
-0.07% |
1.94% |
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 to maximize total return
consistent with preservation of
capital. |
Western Asset Management
Strategic Bond Opportunities
Portfolio — Class E††
Brighthouse Investment Advisers,
LLC
Subadviser:Western Asset
Management Company LLC |
0.70% |
-16.78% |
0.04% |
2.05% |
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 |
0.74% |
-9.17% |
-0.06% |
0.43% |
Optional Benefit |
GMIB Max IV |
GMIB Max III |
GMIB Max II |
GMIB Plus IV |
GMIB Plus III |
EDB Max IV |
EDB Max III |
EDB Max II |
Enhanced Death Benefit III (EDB
III) |
Enhanced Death Benefit II (EDB II)
|
AB Global Dynamic Allocation Portfolio |
American Funds® Balanced Allocation Portfolio |
American Funds® Moderate Allocation Portfolio |
BlackRock Global Tactical Strategies Portfolio |
BlackRock Ultra-Short Term Bond 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 |
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 minimum of 30% of
Purchase Payments or
|
A maximum of 70% of
Purchase Payments or
|
BlackRock Ultra-Short Term Bond Portfolio |
AB Global Dynamic Allocation Portfolio |
Brighthouse/Franklin Low Duration Total Return Portfolio
|
American Funds® Balanced Allocation
Portfolio |
JPMorgan Core Bond Portfolio |
American Funds® Growth Allocation
Portfolio |
MetLife Aggregate Bond Index Portfolio |
American Funds® Growth Portfolio
|
PIMCO Inflation Protected Bond Portfolio |
American Funds® Moderate Allocation
Portfolio |
PIMCO Total Return Portfolio |
Baillie Gifford International Stock Portfolio |
Western Asset Management Government Income Portfolio |
BlackRock Global Tactical Strategies Portfolio |
Western Asset Management U.S. Government Portfolio |
BlackRock High Yield Portfolio |
|
Brighthouse Asset Allocation 100 Portfolio |
|
Brighthouse Asset Allocation 20 Portfolio |
|
Brighthouse Asset Allocation 40 Portfolio |
|
Brighthouse Asset Allocation 60 Portfolio |
|
Brighthouse Asset Allocation 80 Portfolio |
|
Brighthouse Balanced Plus Portfolio |
|
Brighthouse/Wellington Core Equity Opportunities
Portfolio |
|
Harris Oakmark International Portfolio |
|
Invesco Balanced-Risk Allocation Portfolio |
|
Invesco Comstock Portfolio |
|
Jennison Growth Portfolio |
|
JPMorgan Global Active Allocation Portfolio |
|
Loomis Sayles Global Allocation Portfolio |
|
Loomis Sayles Growth Portfolio |
|
MetLife MSCI EAFE® Index Portfolio
|
|
MetLife Multi-Index Targeted Risk Portfolio |
|
MetLife Stock Index Portfolio |
|
MFS® Research International
Portfolio |
|
MFS® Value Portfolio
|
|
PanAgora Global Diversified Risk Portfolio |
|
Schroders Global Multi-Asset 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 |
|
Western Asset Management Strategic Bond Opportunities Portfolio |
Platform 3 |
Platform 4 |
A maximum of 15% of
Purchase Payments or
|
A maximum of 15% of
Purchase Payments or
|
Allspring Mid Cap Value Portfolio |
Brighthouse Small Cap Value Portfolio |
Brighthouse/Artisan Mid Cap Value Portfolio |
Brighthouse/abrdn Emerging Markets Equity Portfolio |
Platform 3 |
Platform 4 |
A maximum of 15% of Purchase Payments or
Account Value |
A maximum of 15% of Purchase Payments or
Account Value |
Frontier Mid Cap Growth Portfolio |
Brighthouse/Dimensional International Small Company
Portfolio |
MetLife Mid Cap Stock Index Portfolio |
Brighthouse/Eaton Vance Floating Rate Portfolio |
T. Rowe Price Mid Cap Growth Portfolio |
Brighthouse/Templeton International Bond Portfolio |
Victory Sycamore Mid Cap Value Portfolio |
CBRE Global Real Estate Portfolio |
|
Invesco Small Cap Growth Portfolio |
|
MetLife Russell 2000® Index Portfolio
|
|
Neuberger Berman Genesis Portfolio |
|
VanEck Global Natural Resources Portfolio |
|
|
|
|
Account Values | |
Beg of Month |
Amount Allocated to EDCA |
Actual EDCA Transfer |
EDCA Account Value |
1st Payment Bucket |
2nd Payment Bucket |
1 |
$12,000
|
$2,000
|
$10,000
|
$10,000
|
|
2 |
|
$2,000 |
$8,008 |
$8,008 |
|
3 |
|
$2,000
|
$6,015 |
$6,015 |
|
|
|
|
|
Account Values | |
Beg of Month |
Amount Allocated to EDCA |
Actual EDCA Transfer |
EDCA Account Value |
1st Payment Bucket |
2nd Payment Bucket |
4* |
$6,000
|
$3,000
|
$9,020
|
$3,020
|
$6,000 |
5 |
|
$3,000 |
$6,027 |
$22 |
$6,005 |
6 |
|
$3,000
|
$3,032
|
0 |
$3,032 |
7 |
|
$3,000 |
$35 |
0 |
$35 |
8 |
|
$35 |
0 |
0 |
0 |
|
|
|
|
Account Values | |
Beg of Month |
Amount Allocated to EDCA |
Actual EDCA Transfer |
EDCA Account Value |
1st Payment Bucket |
2nd Payment Bucket |
1 |
$24,000
|
$2,000
|
$22,000
|
$22,000
|
|
2 |
|
$2,000 |
$20,018 |
$20,018
|
|
3 |
|
$2,000
|
$18,035
|
$18,035
|
|
4 |
|
$2,000 |
$16,050 |
$16,050
|
|
5 |
|
$2,000
|
$14,063
|
$14,063
|
|
6* |
$12,000 |
$3,000 |
$23,075 |
$11,075
|
$12,000 |
7 |
|
$3,000
|
$20,094
|
$8,084 |
$12,010 |
8 |
|
$3,000 |
$17,111 |
$5,091 |
$12,020 |
9 |
|
$3,000
|
$14,125
|
$2,095 |
$12,030 |
|
|
|
|
Account Values | |
Beg of Month |
Amount Allocated to EDCA |
Actual EDCA Transfer |
EDCA Account Value |
1st Payment Bucket |
2nd Payment Bucket |
10 |
|
$3,000
|
$11,137
|
0 |
$11,137 |
11 |
|
$3,000 |
$8,146 |
0 |
$8,146 |
12 |
|
$3,000
|
$5,153 |
0 |
$5,153 |
13 |
|
$3,000 |
$2,157 |
0 |
$2,157 |
14 |
|
$2,159
|
0 |
0 |
0 |
|
|
Date |
Amount |
A |
Initial Purchase Payment |
9/1/2023 |
$100,000 |
B |
Account Value |
9/1/2024
(First Contract Anniversary) |
$104,000 |
C |
Death Benefit |
As of 9/1/2024 |
$104,000
(= greater of A and B) |
D |
Account Value |
9/1/2025
(Second Contract Anniversary) |
$90,000 |
E |
Death Benefit |
9/1/2025 |
$100,000
(= greater of A and D) |
F |
Withdrawal |
9/2/2025 |
$9,000 |
G |
Percentage Reduction in Account
Value |
9/2/2025 |
10%
(= F/D) |
H |
Account Value after Withdrawal |
9/2/2025 |
$81,000
(= D-F) |
I |
Purchase Payments Reduced for
Withdrawal |
As of 9/2/2025 |
$90,000
(= A-(A × G)) |
J |
Death Benefit |
9/2/2025 |
$90,000
(= greater of H and I) |
|
|
Date |
Amount |
A |
Initial Purchase Payment |
9/1/2023 |
$100,000 |
B |
Account Value |
9/1/2024
(First Contract Anniversary) |
$104,000 |
C |
Death Benefit (Highest Anniversary
Value) |
As of 9/1/2024 |
$104,000
(= greater of A and B) |
D |
Account Value |
9/1/2025
(Second Contract Anniversary) |
$90,000 |
E |
Death Benefit (Highest Contract Year
Anniversary) |
9/1/2025 |
$104,000
(= greater of B and D) |
F |
Withdrawal |
9/2/2025 |
$9,000 |
G |
Percentage Reduction in Account
Value |
9/2/2025 |
10%
(= F/D) |
H |
Account Value after Withdrawal |
9/2/2025 |
$81,000
(= D-F) |
I |
Highest Anniversary Value Reduced
for Withdrawal |
As of 9/2/2025 |
$93,600
(= E-(E × G)) |
J |
Death Benefit |
9/2/2025 |
$93,600
(= greater of H and I) |
|
|
Date |
Amount |
A |
Initial Purchase Payment |
9/1/2023 |
$100,000 |
B |
Account Value |
9/1/2024 (First Contract
Anniversary) |
$104,000 |
C1 |
Account Value (Highest Anniversary
Value) |
9/1/2024 |
$104,000
(= greater of A and B) |
C2 |
5% Annual Increase Amount |
9/1/2024 |
$105,000
(= A × 1.05) |
C3 |
Death Benefit |
As of 9/1/2024 |
$105,000
(= greater of C1 and C2) |
D |
Account Value |
9/1/2025 (Second Contract
Anniversary) |
$90,000 |
E1 |
Highest Anniversary Value |
9/1/2025 |
$104,000
(= greater of C1 and D) |
E2 |
5% Annual Increase Amount |
As of 9/1/2025 |
$110,250
(= A × 1.05 × 1.05) |
E3 |
Death Benefit |
9/1/2025 |
$110,250
(= greater of E1 and E2) |
F |
Withdrawal |
9/2/2025 |
$9,000 |
G |
Percentage Reduction in Account
Value |
9/2/2025 |
10%
(= F/D) |
H |
Account Value after Withdrawal |
9/2/2025 |
$81,000
(= D-F) |
I1 |
Highest Anniversary Value Reduced
for Withdrawal |
As of 9/2/2025 |
$93,600
(= E1-(E1 × G)) |
I2 |
5% Annual Increase Amount Reduced
for Withdrawal |
As of 9/2/2025 |
$99,238
(= E2-(E2 × G). Note: E2
includes additional
day of interest at 5%) |
I3 |
Death Benefit |
9/2/2025 |
$99,238
(= greatest of H, I1 and I2) |
Issue Age |
Benefit Percentage |
Ages 69 or younger |
40% |
Ages 70-79 |
25% |
Fiscal year |
Aggregate Amount
of Commissions Paid to Distributor |
Aggregate Amount of Commissions Retained by Distributor
After Payments to Selling Firms |
2022 |
$666,009,009 |
$0 |
2021 |
$795,080,241 |
$0 |
2020 |
$651,736,999 |
$0 |
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 | ||||
1/1/26 | ||||
Effective on: | 5/1/23 | 485BPOS | ||
Filed on: | 4/14/23 | 485BPOS | ||
4/6/23 | ||||
1/1/23 | ||||
12/31/22 | 24F-2NT, N-30D, N-CEN, N-VPFS | |||
12/29/22 | ||||
1/1/22 | ||||
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 | ||||
9/1/18 | ||||
12/31/17 | 24F-2NT, N-30D, NSAR-U | |||
9/1/17 | ||||
8/4/17 | ||||
3/6/17 | 485APOS, 497 | |||
9/1/16 | ||||
5/1/16 | 485BPOS | |||
11/14/14 | 485APOS, EFFECT, N-4 | |||
4/28/14 | 485BPOS | |||
8/9/13 | ||||
4/29/13 | 485BPOS, 497, EFFECT | |||
4/28/13 | ||||
12/31/12 | 24F-2NT, N-30D, NSAR-U | |||
8/17/12 | ||||
4/27/12 | 497 | |||
3/30/12 | ||||
12/2/11 | ||||
10/7/11 | EFFECT | |||
12/7/07 | ||||
9/24/07 | ||||
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 3:3.3M Donnelley … Solutions/FA 4/26/23 Brighthouse Separate Account A 497VPU 4/26/23 1:489K Donnelley … Solutions/FA |