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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/18/22 Brighthouse Separate Account A 485BPOS 4/29/22 10:2.4M Donnelley … Solutions/FA → Brighthouse Separate Account A ⇒ Group Flexible Payment Variable Annuity (Flexible Bonus/Retirement Companion/Smart Choice) |
Document/Exhibit Description Pages Size 1: 485BPOS Group Flexible Payment Variable Annuity HTML 508K Post-Effective Amendment No. 9 2: EX-99.(H)(II)(G) Amendment to American Funds Insurance Series HTML 52K Participation Agreement 3: EX-99.(H)(III)(D) Amendments to Deutsche Variable Series I HTML 171K and Deutsche Variable Series Ii Pa 4: EX-99.(H)(IV)(F) Amendment to Vip Fund I, Ii, Iii, Iv & V HTML 29K Participation Agreement 7: EX-99.(H)(IX)(B) Amendment to Brighthouse Funds Trust Ii HTML 33K Participation Agreement 5: EX-99.(H)(VII)(C) Amendments to T. Rowe Price Associates, HTML 41K Inc. Participation Agreement 6: EX-99.(H)(VIII)(B) Amendment to Brighthouse Funds Trust I HTML 33K Participation Agreement 8: EX-99.L Consent of Independent Registered Public HTML 7K Accounting Firm (D&T) 9: EX-99.O Form of Initial Summary Prospectus HTML 346K 10: EX-99.P Powers of Attorney HTML 131K
Group Flexible Payment Variable Annuity Post-Effective Amendment No. 9 |
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 | |
Pre-Effective Amendment No. | □ |
Post-Effective Amendment No. 9 | ☒ |
and | |
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 | |
Amendment No. 756 | ☒ |
□ | immediately upon filing pursuant to paragraph (b) of Rule 485. |
☒ | on April 29, 2022 pursuant to paragraph (b) of Rule 485. |
□ | 60 days after filing pursuant to paragraph (a)(1) of Rule 485. |
□ | on (date) pursuant to paragraph (a)(1) of Rule 485. |
□ | this post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
• | are not bank deposits |
• | are not FDIC insured |
• | are not insured by any federal government agency |
• | are not guaranteed by any bank or credit union |
• | may be subject to loss of principal |
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A-1 |
Fees and Expenses | Location
in Prospectus | ||||
Charges for Early Withdrawals | If
you withdraw money during the first 5 years following a Purchase Payment, you may be assessed a surrender charge of 7% of the Purchase Payment withdrawn. However, surrender charges will not be deducted once 9 years have elapsed since your
Certificate Date. For example, if you make an early withdrawal, you could pay a surrender charge of up to $7,000 on a $100,000 investment. |
Fee
Table and Examples Contract Charges – Surrender Charge | |||
Transaction Charges | In
addition to charges for early withdrawals, you may also be charged for other transactions. There may be charges for transferring cash value from any Series, taking a full or partial surrender, annuitizing all or part of a Participant’s
Account, or initiating a loan. There may also be taxes on Purchase Payments. Transaction Charge for Transfers. Currently, we do not charge for transfers. However, we reserve the right to charge for transfers from any Series. |
Fee
Table and Examples Contract Charges |
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 Contract Charges Appendix A:Funds Available Under the Contract | |||
Annual Fee | Minimum | Maximum | |||
Base Contract1 |
Flexible Bonus – 1.38% Smart Choice – 1.38% Retirement Companion – 1.34% |
Flexible
Bonus – 1.38% Smart Choice – 1.38% Retirement Companion – 1.34% | |||
Investment
options (Portfolio Company fees and expenses)2 |
0.10% |
0.95% | |||
1 As a percentage of average Participant’s Account value in the Separate Account. The charge shown also includes the
Administrative Charge. 2 As a percentage of Fund assets before temporary expense reimbursements and/or fee waivers. | |||||
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 surrender charges that substantially increase costs. | |||||
Flexible Bonus | |||||
Lowest
Annual Cost $1,365 |
Highest
Annual Cost $2,088 | ||||
Smart Choice | |||||
Lowest
Annual Cost $1,365 |
Highest
Annual Cost $2,088 | ||||
Retirement Companion | |||||
Lowest
Annual Cost $1,277 |
Highest
Annual Cost $2,006 | ||||
Assumes: | Assumes: | ||||
Investment
of $100,000 • 5% annual appreciation • Least expensive Portfolio Company fees and expenses • No additional Purchase Payments, transfers, or withdrawals |
Investment
of $100,000 • 5% annual appreciation • Most expensive Portfolio Company fees and expenses • No additional Purchase Payments, transfers, or withdrawals |
Risks | Location
in Prospectus | ||||
Risk of Loss | You can lose money by investing in this Contract including loss of principal. | Principal Risks of Investing in theContract | |||
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 period. • The benefits of tax deferral also mean the Contract is more beneficial to investors with a long time horizon. |
Principal Risks of Investing in theContract | |||
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., the Funds). • Each investment option, including the General Account, has its own unique risks. • You should review the prospectuses for the available Funds and the Prospectus disclosure concerning the General Account before making an investment decision. |
Principal Risks of Investing in theContract | |||
Insurance Company Risks | An investment in the Contract is subject to the risks related to us. Any obligations (including under the General 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 of Investing in theContract | |||
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 from any Series. • Transfers from the General Account are subject to special limitations. • We reserve the right to limit transfers in circumstances of frequent or large transfers. • We reserve the right to remove or substitute the Funds available as investment options under the Contract. • Your Plan may limit your available Funds. |
Description of the Contracts | |||
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 Tax Considerations | |||
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. | Principal Underwriter |
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. | Principal Underwriter |
Surrender
Charge (Note 1) (as a percentage of Purchase Payments withdrawn) |
7% |
Transaction
Charge (Note 2) (each surrender,annuitization and transfer) |
$10
|
Loan Set-up Fee (Note 3) | $50 |
Number
of Complete Months from Receipt of Purchase Payment |
% Charge | |
60 months or less | 7 | |
More than 60 months | 0 |
Annual Contract Expenses | ||
Flexible Bonus / Smart Choice | Retirement Companion | |
Administrative Expenses (Note 1) | $21.50
plus $2.50 for each Series selected for investment |
$21.50
plus $2.50 for each Series selected for investment |
Base Contract Charge (Note 2) | 1.35% | 1.25% |
(as a percentage of average Participant’s Account value in the Separate Account) | ||
Loan Interest (Note 3) | 6.5% gross annual interest rate | 6.5% gross annual interest rate |
(as a percentage of any outstanding loan balance) | (net annual interest rate will not exceed 3.5%) | (net annual interest rate will not exceed 3.5%) |
Minimum | Maximum | |
Total Annual Fund Expenses | ||
(expenses that are deducted from Fund assets, including management fees, distribution and/or service (12b-1) fees, and other expenses) | 0.10% | 0.95% |
(1) | If you surrender your Contract at the end of the applicable time period: |
Time Periods | ||||
1 year | 3 years | 5 years | 10 years | |
maximum | $9,324 | $13,412 | $18,461 | $26,027 |
minimum | $8,474 | $10,830 | $14,107 | $17,072 |
Time Periods | ||||
1 year | 3 years | 5 years | 10 years | |
maximum | $9,324 | $13,412 | $18,461 | $26,027 |
minimum | $8,474 | $10,830 | $14,107 | $17,072 |
Time Periods | ||||
1 year | 3 years | 5 years | 10 years | |
maximum | $9,224 | $13,110 | $17,957 | $25,011 |
minimum | $8,374 | $10,524 | $13,585 | $15,970 |
(2) | If you annuitize at the end of the applicable time period, or if you do not surrender your Contract: |
Time Periods | ||||
1 year | 3 years | 5 years | 10 years | |
maximum | $2,324 | $7,112 | $12,161 | $26,027 |
minimum | $1,474 | $4,530 | $ 7,807 | $17,072 |
Time Periods | ||||
1 year | 3 years | 5 years | 10 years | |
maximum | $2,324 | $7,112 | $12,161 | $26,027 |
minimum | $1,474 | $4,530 | $ 7,807 | $17,072 |
Time Periods | ||||
1 year | 3 years | 5 years | 10 years | |
maximum | $2,224 | $6,810 | $11,657 | $25,011 |
minimum | $1,374 | $4,224 | $ 7,285 | $15,970 |
Number
of Months Since Purchase Payment Date |
Surrender Charge |
60 months or less | 7% |
More than 60 months | 0% |
• | on transfers made within the Contract; |
• | on withdrawals of Purchase Payments you made over 60 months ago; |
• | If you die during the pay-in phase. Your Beneficiary(ies) will receive the full death benefit without deduction; |
• | If you are a 403(b) Plan Participant and you withdraw no more than 10% of your interest in any calendar year (subject to Code restrictions); |
• | If you are confined to a hospital for at least 30 consecutive days or a skilled nursing home for at least 90 consecutive days. The withdrawal must be in a lump sum and must be requested within 60 days after termination of confinement. This Contract feature is not available in Massachusetts and South Dakota; |
• | When you are an officer, director or full time employee of BLIC or its affiliates. In this case, the purchase of the Contract is for personal investment purposes only; |
• | on required minimum distributions from, or excess contributions to, a Qualified Contract (but only with respect to amounts required to be distributed from this contract); and |
• | If permitted in your state, if you are the Plan Participant and you make a direct transfer of your Participant’s Account to another funding option or annuity contract issued by BLIC or one of its affiliates and BLIC or its affiliate agrees. |
• | the cost of Contract issuance; |
• | rent; |
• | stationery and postage; |
• | telephone and travel expenses; |
• | salaries; |
• | legal, administrative, actuarial and accounting fees; |
• | periodic reports; and |
• | office equipment, and custodial expenses. |
• | $10 or |
• | 2% of the amount surrendered. |
• | commissions, |
• | fees, |
• | registration costs, and |
• | direct and indirect selling expenses (including advertising, sales materials, illustrations, marketing personnel, printing, and related overhead) |
• | may terminate loans |
• | change the terms under which loans are made |
• | death, |
• | disability, |
• | retirement, |
• | termination of employment, |
• | unforseeable emergency, or |
• | transfer to another investment provider. |
• | Section 403(b) tax-sheltered annuities; |
• | Section 457 deferred compensation plans; |
• | Section 401 pension and profit sharing plans; and |
• | individual retirement annuities under Section 408 of the Code. |
• | By telephone at (1-800-560-5001), between the hours of 7:30 AM and 5:30 PM Central Time Monday through Thursday and 7:30 AM and 5:00 PM Central Time on Friday; or |
• | In writing to us at the Annuity Service Center at 4700 Westown Parkway, Ste. 200, West Des Moines, Iowa 50266. |
• | death benefits |
• | deductions from Purchase Payments |
• | deductions from Participant’s Accounts for transaction charges |
• | deductions from the Separate Account for actuarial risk and administrative expense risk fees |
• | guaranteed rates with respect to fixed benefits |
• | with respect to any Purchase Payments received as a tax free transfer under the Code after the effective date of the change; |
• | with respect to benefits and values provided by Purchase Payments made after the effective date of the change to the extent that such Purchase Payments in any Certificate Year exceed the first year’s Purchase Payments; or |
• | to the extent necessary to conform the Contract to any Federal or state law, regulation or ruling. |
• | The SEC restricts trading on the NYSE or NYSE is closed for other than weekends or holidays. |
• | The SEC permits the suspension of withdrawals. |
• | The SEC determines that an emergency exists that makes disposal of portfolio securities or valuation of assets of the Funds not reasonably practicable. |
• | all transactions for the period being reported |
• | the number of Accumulation Units that are credited to your Participant’s Account in each Series |
• | the current Accumulation Unit value for each Series |
• | your Participant’s Account as of the end of the reporting period |
Name of Benefit | Purpose | Standard
or Optional |
Maximum
Annual Fee |
Brief
Description of Restrictions / Limitations |
Death Benefit | Pays a minimum death benefit at least equal to the Participant’s Account value (less any amounts due) | Standard | No Charge | •
Partial surrenders and loans may significantly reduce the benefit • Death benefit may differ depending on date of death |
Loans | You may be able to obtain a loan from the portion of your Account value allocated to the General Account | Standard | $50
loan set-up fee 6.5% gross annual interest rate net annual interest rate will not exceed 3.5%) on outstanding loan balance |
•
May be available only under Contracts issued to Section 403(b)Plans • 125% of outstanding loan balance must be held in the General Account as collateral • Partial surrenders and transfers may be restricted • Loans may significantly reduce cash value of the Account and the death benefit • Loans may have negative tax consequences |
• | you |
• | the Beneficiary |
• | the month in which you attain age 75, or |
• | the date you are required to take a distribution under the terms of the Plan to which the Contract was issued. |
• | the mortality table specified in the Contract, |
• | the age, and where permitted, the sex of the Annuitant, |
• | the type of Annuity payment option selected, and |
• | the assumed investment return selected. |
• | the number of years in the payment period, and |
• | the interest rate guaranteed with respect to the option. |
• | First, BLIC determines the change in investment experience (including any investment-related charge) for the underlying Fund from the previous trading day to the current trading day. |
• | Next, it subtracts the daily equivalent of your insurance-related charge (general administrative expense and mortality and expense risk charges) for each day since the last day the Annuity Unit Value was calculated. |
• | Then, it divides the result by the quantity of one plus the weekly equivalent of your Assumed Investment Return. |
• | Finally, the previous Annuity Unit Value is multiplied by this result. |
• | your Purchase Payments less partial withdrawals or amounts already applied to Annuity payments (including any applicable surrender charge); or |
• | your Participant’s Account. |
• | Payments must begin within one year of your death However, if your spouse is the sole designated beneficiary under a Qualified Contract, your spouse may delay commencement of payments to the date that you would have reached 72 (age 70 1⁄2, if you were born on or before June 30, 1949). |
• | The guaranteed period under Option Two or the designated period under Option Five may not be longer than permitted by applicable Code distribution requirements and other tax law. |
• | The Participant’s Account on the date of the first Annuity payment will be used to determine the amount of the death benefit. |
• | Your Beneficiary(ies) and you die at the same time. |
• | Your Beneficiary(ies) dies within 15 days of your death and proof of your death is received by BLIC before the date due. |
• | have all the remaining rights and powers under a Contract, and |
• | be subject to all the terms and conditions of the Contract. |
Investment Objectives | Portfolio
Company and Adviser/Sub-Adviser |
Current Expenses | Average
Annual Total Returns (as of 12/31/2021) | ||
1
Year |
5
Year |
10
Year | |||
Seeks long-term growth of capital. | American
Funds Global Small Capitalization Fund — Class 2# Capital Research and Management CompanySM |
0.90% | 6.74% | 15.45% | 12.51% |
Seeks growth of capital. | American
Funds Growth Fund — Class 2 Capital Research and Management CompanySM |
0.60% | 21.97% | 25.43% | 19.71% |
Seeks long-term growth of capital and income. | American
Funds Growth-Income Fund — Class 2 Capital Research and Management CompanySM |
0.54% | 24.10% | 16.39% | 15.42% |
Seeks long-term capital appreciation. | Brighthouse
Small Cap Value Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Delaware Investments Fund Advisers, a series of Macquarie Investment Management Business Trust, and Allspring Global Investments, LLC |
0.81% | 32.12% | 10.11% | 12.45% |
Seeks long-term growth of capital. | Invesco
Small Cap Growth Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Invesco Advisers, Inc. |
0.80% | 7.12% | 19.19% | 16.92% |
Seeks capital appreciation. | MFS
® Research International Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Massachusetts Financial Services Company |
0.64% | 11.98% | 12.58% | 8.72% |
Investment Objectives | Portfolio
Company and Adviser/Sub-Adviser |
Current Expenses | Average
Annual Total Returns (as of 12/31/2021) | ||
1
Year |
5
Year |
10
Year | |||
Seeks capital appreciation. | Morgan
Stanley Discovery Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Morgan Stanley Investment Management Inc. |
0.62% | -10.54% | 37.65% | 20.90% |
Seeks maximum total return, consistent with the preservation of capital and prudent investment management. | PIMCO
Total Return Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Pacific Investment Management Company LLC |
0.47% | -1.13% | 4.15% | 3.58% |
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 A# Brighthouse Investment Advisers, LLC Subadviser: T. Rowe Price Associates, Inc. |
0.53% | 26.30% | 12.02% | 13.57% |
Seeks a competitive total return primarily from investing in fixed-income securities. | BlackRock
Bond Income Portfolio — Class A Brighthouse Investment Advisers, LLC Subadviser: BlackRock Advisors, LLC |
0.37% | -0.43% | 4.26% | 3.86% |
Seeks long-term growth of capital. | BlackRock
Capital Appreciation Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: BlackRock Advisors, LLC |
0.62% | 21.20% | 25.45% | 18.64% |
Seeks long-term capital growth. | Brighthouse/Artisan
Mid Cap Value Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Artisan Partners Limited Partnership |
0.75% | 26.91% | 10.32% | 11.00% |
Seeks to provide a growing stream of income over time and, secondarily, long-term capital appreciation and current income. | Brighthouse/Wellington
Core Equity Opportunities Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Wellington Management Company LLP |
0.60% | 24.43% | 16.62% | 14.75% |
Seeks to track the performance of the Bloomberg U.S. Aggregate Bond Index. | MetLife
Aggregate Bond Index Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: MetLife Investment Management, LCC |
0.27% | -1.93% | 3.32% | 2.64% |
Seeks to track the performance of the Standard & Poor’s MidCap 400® Composite Stock Price Index. | MetLife
Mid Cap Stock Index Portfolio — Class A Brighthouse Investment Advisers, LLC Subadviser: MetLife Investment Management, LCC |
0.29% | 24.40% | 12.81% | 13.93% |
Investment Objectives | Portfolio
Company and Adviser/Sub-Adviser |
Current Expenses | Average
Annual Total Returns (as of 12/31/2021) | ||
1
Year |
5
Year |
10
Year | |||
Seeks to track the performance of the MSCI EAFE® Index. | MetLife
MSCI EAFE® Index Portfolio — Class A Brighthouse Investment Advisers, LLC Subadviser: MetLife Investment Management, LCC |
0.38% | 10.72% | 9.38% | 7.84% |
Seeks to track the performance of the Russell 2000® Index. | MetLife
Russell 2000® Index Portfolio — Class A Brighthouse Investment Advisers, LLC Subadviser: MetLife Investment Management, LCC |
0.30% | 14.52% | 11.93% | 13.20% |
Seeks to track the performance of the Standard & Poor’s 500® Composite Stock Price Index. | MetLife
Stock Index Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: MetLife Investment Management, LCC |
0.26% | 28.36% | 18.18% | 16.26% |
Seeks a favorable total return through investment in a diversified portfolio. | MFS
® Total Return Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Massachusetts Financial Services Company |
0.59% | 14.22% | 9.89% | 9.68% |
Seeks capital appreciation. | MFS
® Value Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Massachusetts Financial Services Company |
0.57% | 25.54% | 12.51% | 13.70% |
Seeks high total return, consisting principally of capital appreciation. | Neuberger
Berman Genesis Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Neuberger Berman Investment Advisers LLC |
0.78% | 18.41% | 15.71% | 14.21% |
Seeks long-term growth of capital. | T.
Rowe Price Large Cap Growth Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: T. Rowe Price Associates, Inc. |
0.57% | 20.22% | 23.39% | 19.26% |
Seeks long-term capital growth. | T.
Rowe Price Small Cap Growth Portfolio — Class A Brighthouse Investment Advisers, LLC Subadviser: T. Rowe Price Associates, Inc. |
0.49% | 11.67% | 16.25% | 15.90% |
Seeks to maximize total return consistent with preservation of capital. | Western
Asset Management Strategic Bond Opportunities Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Western Asset Management Company LLC |
0.54% | 2.82% | 5.55% | 5.21% |
Investment Objectives | Portfolio
Company and Adviser/Sub-Adviser |
Current Expenses | Average
Annual Total Returns (as of 12/31/2021) | ||
1
Year |
5
Year |
10
Year | |||
Seeks long-term growth of capital. | DWS
CROCI® International VIP — Class A# DWS Investment Management Americas, Inc. |
0.86% | 9.24% | 7.34% | 5.67% |
Seeks to obtain high total return with reduced risk over the long term by allocating its assets among stocks, bonds, and short-term instruments. | Asset
Manager Portfolio — Initial Class Fidelity Management & Research Company LLC Subadviser: FMR UK, FMR HK, and FMR Japan |
0.59% | 9.92% | 10.01% | 8.65% |
Seeks long-term capital appreciation. | Contrafund
® Portfolio — Initial Class Fidelity Management & Research Company LLC Subadviser: FMR UK, FMR HK, and FMR Japan |
0.60% | 27.83% | 20.17% | 16.64% |
Seeks as high a level of current income as is consistent with preservation of capital and liquidity. | Government
Money Market Portfolio — Initial Class Fidelity Management & Research Company LLC Subadviser: FMR UK, FMR HK, and FMR Japan |
0.23% | 0.01% | 0.93% | 0.51% |
Seeks to achieve capital appreciation. | Growth
Portfolio — Initial Class Fidelity Management & Research Company LLC Subadviser: FMR UK, FMR HK, and FMR Japan |
0.61% | 23.21% | 26.29% | 19.70% |
Seeks investment results that correspond to the total return of common stocks publicly traded in the United States, as represented by the S&P 500® Index. | Index
500 Portfolio — Initial Class†† Fidelity Management & Research Company LLC Subadviser: Geode Capital Management, LLC |
0.10% | 28.58% | 18.34% | 16.44% |
Seeks long-term growth of capital. | Overseas
Portfolio — Initial Class Fidelity Management & Research Company LLC Subadviser: FMR UK, FMR HK, FMR Japan, FIA, FIA(UK), and FIJ |
0.77% | 19.70% | 14.40% | 10.83% |
Seeks long-term capital growth through investments in stocks. | T.
Rowe Price Growth Stock Fund, Inc. T. Rowe Price Associates, Inc. |
0.63% | 20.03% | 23.25% | 19.13% |
Seeks long-term capital appreciation. | Alger
Small Cap Growth Portfolio — Class I-2 Fred Alger Management, LLC |
0.95% | -6.06% | 21.54% | 15.24% |
# | Certain Funds and their investment advisers have entered into temporary expense reimbursements and/or fee waivers, which are reflected in the Current Expenses. Please see the Funds' prospectuses for additional information regarding these arrangements. |
†† | Closed to new investments except under dollar cost averaging and rebalancing programs in existence at the time of closing. |
• | MetLife Insurance Company of Connecticut: MetLife Insurance Company of Connecticut (MICC), originally chartered in Connecticut in 1863, was known as Travelers Insurance Company prior to May 1, 2006. |
MICC changed its name to MetLife Insurance Company USA and its state of domicile to Delaware after November 14, 2014 as described under “MetLife Insurance Company USA” above. |
• | MetLife Life and Annuity Company of Connecticut: MetLife Life and Annuity Company of Connecticut (MLAC), originally chartered in Connecticut in 1973, was known as Travelers Life and Annuity Company prior to May 1, 2006. On or about December 7, 2007, MLAC merged with and into MICC. |
• | MetLife Investors USA Insurance Company: MetLife Investors USA Insurance Company (MLI USA), originally chartered in Delaware in 1960, was known as Security First Life Insurance Company prior to January 8, 2001. MLI USA was merged into BLIC after the close of business on November 14, 2014, as described under “MetLife Insurance Company USA” above. |
• | MetLife Investors Insurance Company: MetLife Investors Insurance Company (MLI), originally chartered in Missouri in 1981, was known as Cova Financial Services Life Insurance Company prior to February 12, 2001. MLI was merged into BLIC after the close of business on November 14, 2014, as described under “MetLife Insurance Company USA” above. |
• | MetLife Investors Insurance Company of California: MetLife Investors Insurance Company of California (MLI-CA), originally chartered in California in 1972, was known as Cova Financial Life Insurance Company prior to February 12, 2001. On November 9, 2006 MLI-CA merged with and into MLI. |
Year
of Birth Before 1945 |
Age
Adjustment Actual Age |
1946 - 1965 | Age minus 1 Year |
1966 - 1985 | Age minus 2 Years |
1986 - 2005 | Age minus 3 Years |
Fiscal year | Aggregate
Amount of Commissions Paid to Distributor |
Aggregate
Amount of Commissions Retained by Distributor After Payments to Selling Firms | ||
2021 |
$795,080,241 | $0 | ||
2020 |
$651,736,999 | $0 | ||
2019 |
$649,095,230 | $0 |
ERV = | ending redeemable value of a hypothetical $1,000 payment made at the beginning of the 1, 5, or 10 year periods (or fractional portion thereof). |
Plan Type | Elective Contribution | Catch-up contribution |
IRA | $ 6,000 | $1,000 |
SIMPLE | $14,000 | $3,000 |
401 (k) | $20,500 | $6,500 |
SEP/401 (a) | (Employer contributions only) | |
403 (b) (TSA) | $20,500 | $6,500 |
457 (b) | $20,500 | $6,500 |
(a) | Choose income payments other than on a qualified joint and survivor annuity basis (“QJSA”) (one under which we make payments to You during your lifetime and then make payments reduced by no more than 50% to your spouse for his or her remaining life, if any): or choose to waive the qualified pre-retirement survivor annuity benefit (“QPSA”) (the benefit payable to the surviving spouse of a participant who dies with a vested interest in an accrued retirement benefit under the plan before payment of the benefit has begun); |
(b) | Make certain withdrawals under plans for which a qualified consent is required; |
(c) | Name someone other than the spouse as your beneficiary; or |
(d) | Use your accrued benefit as security for a loan exceeding $5,000. |
Item 27. | Exhibits |
(b) | Not Applicable. |
(j) | Not Applicable. |
(k) | Not Applicable. |
(l) | Consent of Independent Registered Public Accounting Firm (Deloitte & Touche LLP). (Filed herewith.) |
(m) | Not Applicable. |
(n) | Not Applicable. |
ITEM 28. | DIRECTORS AND OFFICERS OF THE DEPOSITOR |
Name and Principal Business Address | Positions and Offices with Depositor | |
Eric
Steigerwalt 11225 North Community House Road Charlotte, NC 28277 |
Chairman of the Board, President, Chief Executive Officer and a Director |
Jonathan
Rosenthal 334 Madison Avenue Morristown, NJ 07960 |
Director, Vice President and Chief Investment Officer |
Edward
A. Spehar 11225 North Community House Road Charlotte, NC 28277 |
Director, Vice President and Chief Financial Officer |
Devon
Arendosh 11225 North Community House Road Charlotte, NC 28277 |
Vice President and Chief Information Security Officer |
David
Chamberlin 12802 Tampa Oaks Boulevard, Suite 447 Temple Terrace, FL 33637 |
Vice President |
Christine
DeBiase 11225 North Community House Road Charlotte, NC 28277 |
Vice President, General Counsel and Assistant Secretary |
Andrew
DeRosa 334 Madison Avenue, Floor 3 Morristown, NJ 07960 |
Vice President |
David
Dooley 334 Madison Avenue, Floor 3 Morristown, NJ 07960 |
Vice President |
Gianna
H. Figaro-Sterling 11225 North Community House Road Charlotte, NC 28277 |
Vice President and Controller |
Kevin
Finneran 11225 North Community House Road Charlotte, NC 28277 |
Vice President and Illustration Officer |
Tyler
Gates 11225 North Community House Road Charlotte, NC 28277 |
Vice President and Appointed Actuary |
James
Grady 334 Madison Avenue, Floor 3 Morristown, NJ 07960 |
Vice President |
Jeffrey
Halperin 11225 North Community House Road Charlotte, NC 28277 |
Vice President and Chief Compliance Officer |
Christopher
Hartsfield 11225 North Community House Road Charlotte, NC 28277 |
Vice President and Assistant Secretary |
James
Hoffman 11225 North Community House Road Charlotte, NC 28277 |
Vice President and Illustration Actuary |
Jeffrey
Hughes 11225 North Community House Road Charlotte, NC 28277 |
Vice President and Chief Technology Officer |
Roger
Kramer, Jr. 334 Madison Avenue, Floor 3 Morristown, NJ 07960 |
Vice President |
John
Lima 334 Madison Avenue, Floor 3 Morristown, NJ 07960 |
Chief Derivatives Officer |
Philip
Melville 334 Madison Avenue, Floor 3 Morristown, NJ 07960 |
Vice President and Chief Risk Officer |
Melissa
Pavlovich 11225 North Community House Road Charlotte, NC 28277 |
Vice President and Tax Director |
Phillip
Pfotenhauer 12802 Tampa Oaks Boulevard, Suite 447 Temple Terrace, FL 33637 |
Vice President |
Marc
Pucci 334 Madison Avenue, Floor 3 Morristown, NJ 07960 |
Vice President |
Marcy
Thailer 11225 North Community House Road Charlotte, NC 28277 |
Vice President – Dividend Actuary |
Kristine
Toscano 11225 North Community House Road Charlotte, NC 28277 |
Vice President and Chief Accounting Officer |
Item 29. | Persons Controlled by or Under Common Control with the Depositor or the Registrant |
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) | |||
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) | |||
3. | Brighthouse Securities, LLC (DE) | |||
4. | Brighthouse Services, LLC (DE) | |||
5. | Brighthouse Investment Advisers, LLC (DE) |
Item 30. | Indemnification |
Item 31. | Principal Underwriters |
(a) | Brighthouse Securities, LLC is the principal underwriter for the following investment companies (including the Registrant): |
(b) | Brighthouse Securities, LLC is the principal underwriter for the Contracts. The following persons are the officers and managers of Brighthouse Securities, LLC. The principal business address for Brighthouse Securities, LLC is 11225 North Community House Road, Charlotte, NC 28277. |
Name and Principal Business Address | Positions and Offices with Underwriter |
Myles
Lambert 11225 North Community House Road Charlotte, NC 28277 |
Manager, Chief Executive Officer and President |
Jeffrey
Halperin 11225 North Community House Road Charlotte, NC 28277 |
Vice President, Chief Compliance Officer and General Counsel |
Christopher
Hartsfield 11225 North Community House Road Charlotte, NC 28277 |
Vice President and Assistant Secretary |
John
Lima 334 Madison Avenue, Floor 3 Morristown, NJ 07960 |
Vice President and Chief Derivatives Officer |
Melissa
Pavlovich 11225 North Community House Road Charlotte, NC 28277 |
Vice President and Tax Director |
(c) | Compensation to the Distributor. The following aggregate amount of commissions and other compensation was received by the Distributor, directly or indirectly, from the Registrant and the other separate accounts of the Depositor, which also issue variable annuity contracts, during their last fiscal year: |
(1)
Name of Principal Underwriter |
(2)
Net Underwriting Discounts And Commissions |
(3)
Compensation On Redemption |
(4)
Brokerage Commissions |
(5)
Other Compensation | ||||
Brighthouse Securities,
LLC |
$795,080,241 | $0 | $0 | $0 |
Item 32. | Location of Accounts and Records |
Item 33. | Management Services |
Item 34. | Fee Representation |
1. | Include appropriate disclosure regarding the redemption restrictions imposed by Section 403(b)(11) in each registration statement, including the prospectus, used in connection with the offer of the contract; |
2. | Include appropriate disclosure regarding the redemption restrictions imposed by Section 403(b)(11) in any sales literature used in connection with the offer of the contract; |
3. | Instruct sales representatives who solicit participants to purchase the contract specifically to bring the redemption restrictions imposed by Section 403(b)(11) to the attention of the potential participants; |
4. | Obtain from each plan participant who purchases a Section 403(b) annuity contract, prior to or at the time of such purchase, a signed statement acknowledging the participant's understanding of (1) the restrictions on redemption imposed by Section 403(b)(11), and (2) other investment alternatives available under the employer's Section 403(b) arrangement to which the participant may elect to transfer his contract value.The Company hereby represents that is relying upon a No-Action Letter issued to ING Life Insurance and Annuity Company dated August 30, 2012 and that it has complied with the provisions of such letter. |
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 |
Eric Steigerwalt | |
/s/ Myles Lambert* | Director and Vice President |
Myles Lambert | |
/s/ David A. Rosenbaum* | Director and Vice President |
David A. Rosenbaum | |
/s/ Jonathan Rosenthal* | Director, Vice President and Chief Investment Officer |
Jonathan Rosenthal | |
/s/ Edward A. Spehar* | Director, Vice President and Chief Financial Officer |
Edward A. Spehar | |
/s/ Kristine Toscano* | Vice President and Chief Accounting Officer |
Kristine Toscano | |
/s/ Gianna H. Figaro-Sterling* | Vice President and Controller |
Gianna H. Figaro-Sterling |
*By: | /s/ Michele H. Abate | |
Michele
H. Abate, Attorney-In-Fact April 1, 2022 |
* | Brighthouse Life Insurance Company. Executed by Michele H. Abate, Esquire on behalf of those indicated pursuant to powers of attorney filed herewith. |
(h)(ii)(g) | Amendment to American Funds Insurance Series Participation Agreement |
(h)(iii)(d) | Participation Agreement and Amendment No. 1 with Deutsche Variable Series I and Deutsche Variable Series II |
(h)(iv)(f) | Amendment to Variable Insurance Products Fund, Variable Insurance Products Fund II, Variable Insurance Products Fund III, Variable Insurance Products Fund IV, Variable Insurance Products Fund V Participation Agreement |
(h)(vii)(c) | Amendments to T. Rowe Price Funds Participation Agreement |
(h)(viii)(b) | Amendment to Brighthouse Funds Trust I Participation Agreement |
(h)(ix)(b) | Amendment to Brighthouse Funds Trust II Participation Agreement |
(l) | Consent of Independent Registered Public Accounting Firm (Deloitte & Touche LLP) |
(o) | Forms of Initial Summary Prospectus |
(p) | Powers of Attorney |
This ‘485BPOS’ Filing | Date | Other Filings | ||
---|---|---|---|---|
Effective on: | 4/29/22 | 485BPOS | ||
Filed on: | 4/18/22 | 485BPOS | ||
4/1/22 | ||||
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 | ||||
8/4/17 | ||||
3/6/17 | 485APOS, 497 | |||
11/14/14 | 485APOS, EFFECT, N-4 | |||
12/31/12 | 24F-2NT, N-30D, NSAR-U | |||
8/30/12 | ||||
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 4/10/24 Brighthouse Separate Account A 485BPOS 4/29/24 9:3.8M Donnelley … Solutions/FA 4/12/23 Brighthouse Separate Account A 485BPOS 5/01/23 10:4M Donnelley … Solutions/FA 4/26/22 Brighthouse Separate Account A 497VPU 4/26/22 1:174K Donnelley … Solutions/FA 4/26/22 Brighthouse Separate Account A 497VPI 4/26/22 1:250K Donnelley … Solutions/FA 4/26/22 Brighthouse Separate Account A 497VPI 4/26/22 1:251K Donnelley … Solutions/FA 4/26/22 Brighthouse Separate Account A 497VPI 4/26/22 1:246K Donnelley … Solutions/FA |