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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/20/22 Brighthouse Separate Account A 485BPOS 4/29/22 4:1M Donnelley … Solutions/FA → Brighthouse Separate Account A ⇒ Brighthouse Growth & Income |
Document/Exhibit Description Pages Size 1: 485BPOS Brighthouse Growth and Income Post-Effective HTML 448K Amendment No. 15 2: EX-99.(H)(II)(D) Amendment to Vip Fund I, Ii, Iii, Iv & V HTML 27K Participation Agreement 3: EX-99.L Consent of Independent Registered Public HTML 6K Accounting Firm (D&T) 4: EX-99.P Powers of Attorney HTML 129K
Brighthouse Growth and Income Post-Effective Amendment No. 15 |
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 | |
Pre-Effective Amendment No. | □ |
Post-Effective Amendment No. 15 | ☒ |
and | |
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 | |
Amendment No. 762 | ☒ |
□ | 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 |
INDEX OF SPECIAL
TERMS |
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Surrender Charge | 16 |
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37 |
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37 |
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37 |
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37 |
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38 |
Compensation Paid to Selling Firms | 38 |
Additional Compensation for Selected Selling Firms | 38 |
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39 |
Confirming Transactions | 40 |
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41 |
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41 |
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A-1 |
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B-1 |
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C-1 |
Fees and Expenses | Location
in Prospectus | ||||
Charges for Early Withdrawals | If
you withdraw money during the first 5 full Contract Years following the Purchase Payment, you may be assessed a surrender charge of up to 2% of the amount withdrawn, declining to 0% over that time period. For example, if you make an early withdrawal, you could pay a surrender charge of up to $2,000 on a $100,000 investment. |
Fee
Table and Examples Expenses – Surrender Charge | |||
Transaction Charges | In addition to surrender charges, if we make more than one Investment Option available to you in the future, you also may be charged for transfers of Contract Value between Investment Options. | Fee
Table and Examples Expenses – Exchange Fee | |||
Ongoing Fees and Expenses (annual charges) | The table below describes the fees and expenses that you may pay each year. Please refer to your contract specifications page for information about the specific fees you will pay each year. | Fee
Table and Examples Expenses – Product Charges Appendix A: Investment Options Available Under the Contract | |||
Annual Fee | Minimum | Maximum | |||
Base Contract1 |
1.90% |
2.05% | |||
Investment
Options (Portfolio Company fees and expenses)2 |
0.25% |
0.80% | |||
1 As a percentage of average Contract Value. Minimum is for contracts with single Annuitants. Maximum is for contracts with joint
Annuitants. 2 As a percentage of fund assets before temporary expense reimbursements and/or fee waivers. | |||||
To help you understand the cost of owning your contract, the following table shows the lowest and highest cost you could pay each year, based on current charges. This estimate assumes that you do not take withdrawals from the contract, which could add surrender charges that substantially increase costs. | |||||
Lowest
Annual Cost $2,086 |
Highest
Annual Cost $2,526 | ||||
Assumes: | Assumes: | ||||
• Investment of $100,000• 5% annual appreciation• Least expensive Portfolio Company fees and expenses• No withdrawals | • Investment of $100,000• 5% annual appreciation• Most expensive Portfolio Company fees and expenses• No withdrawals |
Risks | Location
in Prospectus | ||||
Risk of Loss | You can lose money by investing in this contract including loss of principal. | Principal Risks | |||
Not a Short-Term Investment | This
contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Surrender charges may apply for the first 5 years of the contract. Surrender charges will reduce the value of your contract if you withdraw money during that time. The benefits of tax deferral and living benefit protection also mean the contract is more beneficial to investors with a long time horizon. |
Principal Risks | |||
Risks Associated with Investment Options | • An investment in this contract is subject to the risk of poor investment performance and can vary depending on the performance of the Investment Options available under the contract (e.g., Portfolio Companies).• Each Investment Option has its own unique risks.• You should review the prospectus for the fund available to you before making an investment decision. | Principal Risks | |||
Insurance Company Risks | An investment in the contract is subject to the risks related to us. Any obligations or guarantees and benefits of the contract that exceed the assets of the Variable Account are subject to our claims-paying ability. If we experience financial distress, we may not be able to meet our obligations to you. More information about BLIC, including our financial strength ratings, is available by contacting us at (888) 243-1968. | Principal Risks | |||
Restrictions | |||||
Investments | • Currently, you are permitted to invest only in the single Investment Option available to you.• No transfers of Contract Value among the Investment Options are currently permitted.• No additional Purchase Payments are permitted.• We reserve the right to remove or substitute the Portfolio Companies available as Investment Options under the contract. | Investment Options | |||
Optional Benefits | The
contract has no “Optional Benefits.” The contract is automatically issued with the Guaranteed Withdrawal Benefit for Life at no additional charge. Withdrawals may reduce the value of this benefit by an amount greater than the value withdrawn, which could significantly reduce the value or even terminate the benefit. |
Guaranteed
Withdrawal Benefit for Life | |||
Taxes | |||||
Tax Implications | • Consult with a tax professional to determine the tax implications of an investment in and payments received under this contract.• If you purchase the contract through a tax-qualified plan or individual retirement account, you do not get any additional tax benefit.• You will generally not be taxed on increases in the value of the contract until they are withdrawn. Withdrawals will be subject to ordinary income tax, and may be subject to tax penalties if you take a withdrawal before age 59 ½. | Federal Income Tax Status | |||
Conflicts of Interest | |||||
Investment
Professional Compensation |
Your investment professional may receive compensation for selling this contract to you, in the form of commissions, additional cash benefits (e.g., bonuses), and non-cash compensation. This conflict of interest may influence your investment professional to recommend this contract over another investment for which the investment professional is not compensated or compensated less. | Other Information - Distributor |
Conflicts of Interest | Location
in Prospectus | ||||
Exchanges | If you already own an insurance contract, some investment professionals may have a financial incentive to offer you a new contract in place of the one you own. You should only exchange a contract you already own if you determine, after comparing the features, fees, and risks of both contracts, that it is better for you to purchase the new contract rather than continue to own your existing contract. | Replacement of Contracts |
• | Systematic Withdrawal Program. This program allows you to receive regular automatic withdrawals from your contract either monthly or quarterly, and after the first Contract Year, annually or semi-annually, provided that each payment must amount to at least $100 (unless we consent otherwise). |
• | Electronic Delivery. As an Owner you may elect to receive electronic delivery of current prospectuses related to this contract, as well as other contract related documents. |
Surrender
Charge (Note 1) (as a percentage of amount withdrawn) |
2% |
Exchange Fee (Note 2) | $25
$0 (First 12 per year) |
Number
of Complete Years from Contract Date |
Surrender
Charge (% of Amount Withdrawn) | |
0 | 2 | |
1 | 2 | |
2 | 2 | |
3 | 2 | |
4 | 2 | |
5 and thereafter | 0 |
Annual Contract Expenses | |
Base Contract Expenses (Note 1) | Single Annuitant-1.90% |
(as a percentage of average Contract Value) | Joint Annuitant-2.05% |
Minimum | Maximum | ||
Total Annual Investment Option Expenses | |||
(expenses that are deducted from Investment Option assets, including management fees, distribution and/or service (12b-1) fees, and other expenses) | 0.25% | 0.80% |
Time Periods | ||||
1 year | 3 years | 5 years | 10 years | |
maximum | $4,850 | $10,736 | $16,878 | $31,425 |
minimum | $4,300 | $ 9,089 | $14,140 | $26,009 |
Time Periods | ||||
1 year | 3 years | 5 years | 10 years | |
maximum | $2,850 | $8,736 | $14,878 | $31,425 |
minimum | $2,300 | $7,089 | $12,140 | $26,009 |
1) | dividing the net asset value per share of the Investment Option at the end of the current Business Day, plus any dividend or capital gains per share declared on behalf of the Investment Option as of that day, by the net asset value per share of the Investment Option for the previous Business Day, and |
2) | multiplying it by one minus the Variable Account Product Charges for each day since the last Business Day and any charges for taxes. |
Number
of Complete Years from Contract Date |
Surrender
Charge (% of Amount Withdrawn) | |
0 | 2 | |
1 | 2 | |
2 | 2 | |
3 | 2 | |
4 | 2 | |
5 and thereafter | 0 |
(1) | At the end of the valuation period in which you make the withdrawal, we divide the withdrawal by what the Contract Value would have been at the end of the valuation period had you not taken the withdrawal. The result is the percentage factor used to calculate the reduction to the Adjusted Purchase Payment. |
(2) | Multiply the percentage determined in (1) by the Adjusted Purchase Payment immediately before the withdrawal. |
(3) | Take the Adjusted Purchase Payment prior to the withdrawal and reduce it by the amount determined in step (2) above. |
(i) | If total withdrawals in any Contract Year after the youngest Annuitant reaches age 59½ do not exceed the GWB Amount for that same Contract Year, the Adjusted Purchase Payment is reduced by the dollar amount of the withdrawal(s). |
(ii) | If you make withdrawals on or after the date the youngest Annuitant reaches age 59½ and the total withdrawals in a Contract Year are greater than the GWB Amount for that Contract Year, then the Adjusted Purchase Payment will be reduced for each such withdrawal as follows: |
(1) | Determine the portion of the most recent withdrawal that, in combination with the sum of all other withdrawals taken in the current Contract Year, exceeds the GWB Amount for that Contract Year. |
(2) | Determine what the Contract Value would have been at the end of the valuation period had you not taken the withdrawal, less any portion of the most recent withdrawal that is eligible to be applied to the GWB Amount in that Contract Year. |
(3) | Determine the percentage reduction in the Adjusted Purchase Payment by dividing the amount determined in (1) by the amount determined in (2). |
(4) | Multiply the percentage determined in (3) by the Adjusted Purchase Payment prior to the excess withdrawal. |
(5) | Take the Adjusted Purchase Payment prior to the withdrawal and first reduce it by the amount of the GWB Amount for that Contract Year, then further reduce it by the amount determined in (4). |
• | At issue, the Adjusted Purchase Payment is equal to the Purchase Payment, $25,000. |
• | Assume that your Contract Value is $30,000 later in that Contract Year, and you make one $5,000 withdrawal. Because the withdrawal is made prior to the youngest Annuitant reaching age 59½, the Adjusted Purchase Payment would be reduced by $5,000 divided by $30,000, or 16.67%. The result is a new Adjusted Purchase Payment of $20,833 ($25,000 minus [$25,000 multiplied by 16.67%]). |
• | Assume that six years later, your Contract Value is $40,000, you have begun taking withdrawals under the GWB feature, your GWB Amount is $1,600, and you make total withdrawals of $5,000 in that Contract Year. The GWB Amount reduces the Adjusted Purchase Payment by the dollar amount of the GWB Amount, however because you make an excess withdrawal of $3,400 ($5,000 minus $1,600), the Adjusted Purchase Payment would be further reduced by [$3,400 divided by ($40,000 minus $1,600)], or 8.85%. The result is a new Adjusted Purchase Payment of $17,531 ($20,833 minus $1,600 minus [($20,833 minus $1,600) multiplied by 8.85%]). |
(1) | You must elect to receive the greater of the GWB Amount and the MRD and authorize us to calculate the MRD for you; |
(2) | The MRD for a calendar year will be determined by us exclusively from the Contract Value of this contract; |
(3) | No MRD withdrawal may occur until after December 31st of the calendar year in which your contract was issued; |
(4) | If the contract was purchased prior to your reaching age 72 (age 70 ½, if you were born on or before June 30, 1949), your first MRD must be withdrawn in the calendar year in which you reach age 72 (age 70 ½, if you were born on or before June 30, 1949, even though the Code allows you to delay your first MRD until April 1st of the following calendar year. We require this because only one calendar year’s MRD will qualify for the exception to withdrawals in excess of the GWB Amount; and |
(5) | If you make a withdrawal other than through this Systematic Withdrawal Program, you will no longer be eligible to receive the greater of the MRD or GWB Amount during that Contract Year, and any amounts withdrawn in |
excess of the GWB Amount will be considered excess withdrawals (see “Guaranteed Withdrawal Benefit for Life—Withdrawals in Excess of Annual GWB Amount”). The Systematic Withdrawal Program will terminate and you must re-enroll in the Systematic Withdrawal Program for the next Contract Year. |
• | the New York Stock Exchange is closed (other than customary weekend and holiday closings); |
• | trading on the New York Stock Exchange is restricted; |
• | an emergency exists, as determined by the Securities and Exchange Commission, as a result of which disposal of shares of the Investment Options is not reasonably practicable or we cannot reasonably value the shares of the Investment Options; |
• | or during any other period when the Securities and Exchange Commission, by order, so permits for the protection of Owners. |
Name of Benefit | Purpose | Standard
or Optional |
Maximum
Annual Fee |
Brief
Description of Restrictions / Limitations |
Systematic Withdrawal Program | Allows you to set up an automatic payment of an amount up to your eligible Guaranteed Withdrawal Benefit Amount on a periodic basis | Standard | No Charge | •
Each payment must be at least $50 (unless we consent otherwise) |
Death Benefit | Pays a minimum death benefit at least equal to the greater of the Contract Value or total Purchase Payments adjusted for any withdrawals | Standard | No Charge | •
Withdrawals may proportionately reduce the benefit, and such reductions could be significant • Adjustment for withdrawals under return of Purchase Payment option differs before and after age 59 ½. |
Guaranteed Withdrawal Benefit for Life (GWB) | Guarantees that the Purchase Payment you make will be returned to you through a series of withdrawals regardless of investment performance | Standard | No Charge | • Certain withdrawals could significantly reduce or even terminate the benefit• No benefit is payable until youngest Annuitant reaches age 59½• No potential annual step-ups to GWB Value after age 85• Annuitizing the contract may end the benefit. |
Age at 1st Withdrawal | Withdrawal
Percentage – Single Annuitant (Annuitant’s Age) |
Withdrawal
Percentage – Joint Annuitants (Youngest Annuitant’s Age) |
59½ – 64 | 4% | 4% |
65 – 75 | 5% | 4.75% |
76 and older | 5.50% | 5.00% |
Youngest Annuitant’s Age at 1st Withdrawal | Withdrawal Percentage |
59½ – 64 | 4% |
65 – 75 | 5% |
76 and older | 6% |
(1) | At the end of the valuation period (a “valuation period” is the period of time between one determination of the value of Accumulation Units to the next determination on the following Business Day) in which you make the withdrawal, we divide the withdrawal by what the Contract Value would have been at the end of the valuation period had you not taken the withdrawal. The result is the percentage factor used to calculate the reduction in the GWB Value. |
(2) | Multiply the percentage determined in (1) by the GWB Value immediately before the withdrawal. The result is the amount by which the old GWB Value is reduced. |
• | If you make no withdrawals during the first Contract Year your GWB Value would be $25,000 for the whole Contract Year. |
• | Assume that your Contract Value is $30,000 later in that Contract Year and you make one $5,000 withdrawal ($4,900 of which would be paid to you after deduction of a $100 surrender charge). |
• | Your GWB Value would be reduced by 16.67% ($5,000 withdrawal amount divided by $30,000 Contract Value). |
• | The result is a new GWB Value of $20,833 ($25,000 GWB Value minus [$25,000 multiplied by 16.67%]). |
1) | Determine the portion of the most recent withdrawal, in combination with the sum of all other withdrawals taken in the current Contract Year, that exceeds the GWB Amount for that Contract Year. |
2) | Determine what the Contract Value would have been at the end of the valuation period had you not taken the withdrawal, less any portion of the most recent withdrawal that is eligible to be applied to the GWB Amount in that Contract Year. |
3) | Determine the percentage reduction in GWB Value by dividing the amount determined in (1) by the amount determined in (2). |
4) | Multiply the percentage determined in (3) by the GWB Value prior to the withdrawal. |
5) | Take the GWB Value prior to the withdrawal and reduce it by the amount determined in (4). This will result in a new GWB Value. |
• | If you make a first withdrawal of $5,000 in the sixth Contract Year, you will establish a Withdrawal Percentage of 4% and be eligible to withdraw up to the GWB Amount of $1,000 ($25,000 multiplied by 4%) without causing a reduction in GWB Value. |
• | Because your first withdrawal is $5,000, $1,000 of the withdrawal is eligible to be applied to the GWB Amount for that Contract Year and $4,000 of the withdrawal is an excess withdrawal. |
• | For purposes of determining the impact on the GWB Value, the Contract Value is first reduced by the GWB Amount ($30,000 minus $1,000) resulting in a Contract Value of $29,000. |
• | The $4,000 excess withdrawal proportionally reduces the Contract Value by 13.79% ($4,000 divided by $29,000) which results in a new GWB Value of $21,552.50 ($25,000 less [25,000 multiplied by 13.79%]). |
• | If there are no further withdrawals in that Contract Year and the GWB Value is not increased on the next contract anniversary, the GWB Amount for the next Contract Year will be $862.10 ($21,552.50 multiplied by 4%). |
(1) | At the end of the valuation period in which you make the withdrawal, we divide the withdrawal by what the Contract Value would have been at the end of the valuation period had you not taken the withdrawal. The result is the percentage factor used to calculate the reduction to the Return of Purchase Payment death benefit. |
(2) | Multiply the percentage determined in (1) by the Return of Purchase Payment death benefit immediately before the withdrawal. |
(3) | Take the Return of Purchase Payment death benefit prior to the withdrawal and reduce it by the amount determined in (2). |
(i) | If total withdrawals in any Contract Year after the youngest Annuitant reaches age 59½ do not exceed the GWB Amount for that same Contract Year, the Return of Purchase Payment death benefit is reduced by the dollar amount of the withdrawal(s). |
(ii) | If you make withdrawals on or after the date the youngest Annuitant reaches age 59½ and the total withdrawals in a Contract Year are greater than the GWB Amount for that Contract Year, then the Return of Purchase Payment death benefit will be reduced for each such withdrawal as follows: |
(1) | Determine the portion of the most recent withdrawal that, in combination with the sum of all other withdrawals taken in the current Contract Year, exceeds the GWB Amount for that Contract Year. |
(2) | Determine what the Contract Value would have been at the end of the valuation period had you not taken the withdrawal, less any portion of the most recent withdrawal that is eligible to be applied to the GWB Amount in that Contract Year. |
(3) | Determine the percentage reduction in the Return of Purchase Payment death benefit by dividing the amount determined in (1) by the amount determined in (2). |
(4) | Multiply the percentage determined in (3) by the Return of Purchase Payment death benefit prior to the excess withdrawal. |
(5) | Take the Return of Purchase Payment death benefit prior to the withdrawal and first reduce it by the amount of the GWB Amount for that Contract Year, then further reduce it by the amount determined in (4). |
• | a certified death certificate; |
• | a certified decree of a court of competent jurisdiction as to the finding of death; |
• | a written statement by a licensed medical doctor who attended the deceased; or |
• | any other proof satisfactory to us. |
(1) | the investments of the Variable Account are “adequately diversified” in accordance with Treasury Department regulations; |
(2) | the Company, rather than the Owner, is considered the owner of the assets of the Variable Account for federal income tax purposes; and |
(3) | the Owner is an individual (or an individual is treated as the Owner for tax purposes). |
(1) | the Owner of the contract must be the Annuitant and, except for certain transfers incident to a divorce decree, the Owner cannot be changed and the contract cannot be transferable; |
(2) | the Owner’s interest in the contract cannot be forfeitable; and |
(3) | annuity and payments following the death of an Owner must satisfy certain required minimum distributions. |
(1) | Effective January 1, 2020, the age at which MRDs generally must begin for IRAs and qualified retirement plans is extended from age 70 ½ to age 72. This change only applies if you attained age 70 ½ on or after January 1, 2020. Other requirements relating to MRD payments remain the same. |
(2) | Effective January 1, 2020, when an IRA owner or defined contribution plan participant dies, any remaining interest must generally be distributed within 10 years after the IRA owner/participant’s death, unless an exception applies. An exception permits an “eligible designated beneficiary” to take distributions over the beneficiary’s life or over a period not exceeding the beneficiary’s life expectancy. An eligible designated beneficiary includes: the IRA owner/participant’s spouse or minor child (until the child reaches age of majority), certain disabled or chronically ill individuals, and individuals who are not more than 10 years younger than the IRA owner/participant. |
(1) | the taxpayer’s “net investment income,” (from non-qualified annuities, interest, dividends, etc., offset by specified allowable deductions), or |
(2) | the taxpayer’s modified adjusted gross income in excess of a specified income threshold ($250,000 for married couples filing jointly and qualified widows, $125,000 for married couples filing separately, and $200,000 for single filers). |
(1) | distributions made to persons on or after age 59½; |
(2) | distributions made after death of the Owner; |
(3) | distributions to a recipient who has become disabled; |
(4) | distributions as part of a series of substantially equal periodic payments made at least annually payable for your life (or life expectancy) or joint lives (or joint life expectancies) of you and your designated Beneficiary; |
(5) | in the case of qualified contracts, distributions received from the rollover of the contracts into another qualified contract or IRA; |
(6) | on separation from service after age 55. This rule does not apply to IRAs (including SEPs and SIMPLE IRAs); |
(7) | pursuant to a qualified domestic relations order (“QDRO”). This rule does not apply to IRAs (including SEPs and SIMPLE IRAs); |
(8) | to pay IRS levies (and made after December 31, 1999); |
(9) | to pay deductible medical expenses; or |
(10) | in the case of IRAs only, to pay for medical insurance (if you are unemployed), qualified higher education expenses, or for a qualified first-time home purchase up to $10,000. |
• | Through your financial representative |
• | By telephone at (800) 634-9361, between the hours of 8:30AM and 7:00PM Eastern Time |
• | In writing to our Annuity Service Center. |
• | change the Beneficiary |
• | assign the contract (subject to limitation) |
• | change the payment option |
• | exercise all other rights, benefits, options and privileges allowed by the contract or us. |
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 high total return. | Fidelity
VIP FundsManager 50% Portfolio — Investor Class#‡¹ Fidelity Management & Research Company LLC |
0.69% | 10.02% | 9.91% | 8.33% |
Seeks high total return. | Fidelity
VIP FundsManager 60% Portfolio — Investor Class#‡2 Fidelity Management & Research Company LLC |
0.75% | 12.34% | 11.27% | 9.61% |
Seeks as high a level of current income as is consistent with preservation of capital and liquidity. | Government
Money Market Portfolio — Investor Class Fidelity Management & Research Company LLC Subadviser: FMR UK, FMR HK, and FMR Japan |
0.25% | 0.01% | 0.92% | 0.49% |
# | Certain Investment Options and their investment advisers have entered into temporary expense reimbursements and/or fee waivers, which are reflected in the Current Expenses. Please see the Investment Options' prospectuses for additional information regarding these arrangements. |
‡ | This Investment Option is a fund of funds and invests substantially all of its assets in other underlying funds. Because the Investment Option invests in other funds, it will bear its pro rata portion of the operating expenses of those underlying funds, including the management fee. |
1 | Available only under contracts issued on or after July 21,2012. |
2 | Available only under contracts issued before July 21, 2012. |
• | 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 | Underwriting
Commissions Paid to the Distributor by the Company |
Amount
of Underwriting Commissions Retained by the Distributor | ||
2021 |
$795,080,241 | $0 | ||
2020 |
$651,736,999 | $0 | ||
2019 |
$649,095,230 | $0 |
Item 27. | Exhibits |
(b) | Not Applicable. |
(i) | Not Applicable |
(j) | Not Applicable |
(l) | Consent of Independent Registered Public Accounting Firm (Deloitte & Touche LLP) (Filed herewith.) |
(m) | Not Applicable. |
(n) | Not Applicable. |
(o) | 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): |
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 |
(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. |
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)(d) | Amendment to Variable Insurance Products Fund I, II, III, IV and V Participation Agreement |
(l) | Consent of Independent Registered Public Accounting Firm (Deloitte & Touche LLP) |
(p) | Powers of Attorney |
This ‘485BPOS’ Filing | Date | Other Filings | ||
---|---|---|---|---|
Effective on: | 4/29/22 | 485BPOS | ||
Filed on: | 4/20/22 | |||
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 | |||
11/17/14 | EFFECT, N-4 | |||
11/14/14 | 485APOS, EFFECT, N-4 | |||
7/21/12 | ||||
12/7/07 | ||||
11/9/06 | ||||
5/1/06 | 485BPOS | |||
2/12/01 | ||||
1/8/01 | ||||
12/31/99 | 24F-2NT, NSAR-U | |||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/11/24 Brighthouse Separate Account A 485BPOS 4/29/24 3:1.2M Donnelley … Solutions/FA 4/14/23 Brighthouse Separate Account A 485BPOS 5/01/23 4:1.4M Donnelley … Solutions/FA |