497 1 d807308d497.htm INVESTMENT PORTFOLIO ARCHITECT IPA SUPPLEMENT DATED MAY 1, 2020 Investment Portfolio Architect IPA Supplement dated May 1, 2020
SUPP-IPA0520
Brighthouse Life Insurance Company
Brighthouse Separate Account A
Investment Portfolio Architect — Standard Version and Investment Portfolio Architect  — C Share Option
Supplement dated May 1, 2020
to the
Prospectus dated May 1, 2017 (as supplemented)
This supplement revises information in the prospectus dated May 1, 2017 for the Investment Portfolio Architect — Standard Version and Investment Portfolio Architect  — C Share Option variable annuity contracts issued by Brighthouse Life Insurance Company (“BLIC”, “we,” “us,” or “our”). This supplement should be read in its entirety and kept together with your prospectus for future reference. If you would like another copy of the prospectus, write to us at 11225 North Community House Road, Charlotte, NC 28277 or call us at (800) 343-8496 to request a free copy. The financial statements for each of the subaccounts of the Separate Account are attached. Upon request, financial statements for Brighthouse Life Insurance Company will be sent to you without charge.
1. The following information should be read in connection with the information presented on the first page of your prospectus:
In accordance with the regulations adopted by the Securities and Exchange Commission, beginning on or after January 1, 2021, paper copies of the shareholder reports for the Investment Portfolios available under your variable annuity contract will no longer be sent by mail, unless you specifically request paper copies of the reports from us. Instead, the reports will be made available on a website, and you will be notified by mail each time a report is posted and provided with a website link to access the report.
If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from us electronically by contacting us at https://www.brighthousefinancial.com to enroll.
You may elect to receive all future reports in paper free of charge. You can inform us that you wish to continue receiving paper copies of your shareholder reports by calling (800) 638-7732, or by sending an email correspondence to rcg@brighthousefinancial.com. Your election to receive reports in paper will apply to all Investment Portfolios available under your contract.
2. Investment Options
Replace the list of Investment Portfolios under “INVESTMENT OPTIONS” in the prospectus with the list of Investment Portfolios attached to this prospectus supplement.

 

3. Federal Income Tax Status
Special Distribution Rules during 2020. Under recently enacted legislation, you (and after your death, your designated beneficiaries) generally do not have to take the required minimum distribution (“RMD”) for 2020. Additionally, any RMDs already taken in 2020 may be eligible for rollover and not be subject to the 20% mandatory withholding. For after-death RMDs, the five-year rule is applied without regard to calendar year 2020. For instance, if you had died in 2018, the five-year period would end in 2024 instead of 2023. The RMD rules are complex, so please consult with your tax adviser before waiving your 2020 RMD payment.
The legislation also contains provisions that would allow eligible individuals to receive certain 2020 distributions from IRAs and qualified plans free of the 10% additional tax on early distributions, or in the case of some qualified plans, free of plan restrictions on early distributions and the 20% withholding tax. You should consult your tax adviser to see if you may be eligible for these and other benefits (such as loan relief, if applicable) provided by the legislation.
Distribution Rules for 2020 and Beyond. The following describes other recent changes in federal tax law affecting distributions from Qualified Annuity Contracts. This information should be read in conjunction with the discussion of such distributions set forth primarily in the “Federal Income Tax Status” section of the prospectus, and to a lesser extent in other sections of the prospectus.
(1) Effective January 1, 2020, the age at which RMDs generally must begin for IRAs and qualified retirement plans is extended from age 70 1⁄2 to age 72. This change only applies if you attained age 70 1⁄2 on or after January 1, 2020. Other requirements relating to RMD 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.
The change described in (2) above can significantly affect a beneficiary’s ability to “stretch” distributions from a Qualified Annuity Contract over his or her life or life expectancy. It may also shorten the time period over which the remaining balance of the contract must be taken if the IRA owner/participant had been receiving payments at the time of death, either in the form of annuity payments or through withdrawals of the RMD amount each year. As a result of this change, we are not currently issuing inherited IRA Contracts to beneficiaries other than surviving spouses and individuals who are not more than 10 years younger than the deceased IRA owner/participant. We may modify this in the future, so please consult your financial representative. Any annuity payment or withdrawal option made available under the contract must comply with applicable federal income tax rules.
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You should consult with your tax adviser if you think you may be affected by these changes.
4. Other Information
Distributor
The Financial Industry Regulatory Authority (“FINRA”) provides background information about broker-dealers and their registered representatives through FINRA BrokerCheck. You may contact the FINRA BrokerCheck Hotline at 1-800-289-9999, or log on to www.finra.org. An investor brochure that includes information describing FINRA BrokerCheck is available through the Hotline or on-line.
Requests and Elections
The following paragraph is added to this subsection immediately before Good Order.
We are not a fiduciary and do not give advice or make recommendations regarding insurance or investment products. Ask your financial representative for guidance regarding any requests or elections and for information about your particular investment needs. Please bear in mind that your financial representative, or any financial firm or financial professional you consult to provide advice, is not acting on our behalf. We do not recommend and are not responsible for any securities transactions or investment strategies involving securities (including account recommendations).
The following replaces “Cybersecurity” in the Requests and Elections subsection.
Cybersecurity and Certain Business Continuity Risks.
Our variable annuity contract business is largely conducted through digital communications and data storage networks and systems operated by us and our service providers or other business partners (e.g., the Investment Portfolios and the firms involved in the distribution and sale of our variable annuity contracts). For example, many routine operations, such as processing Owners’ requests and elections and day-to-day recordkeeping, are all executed through computer networks and systems.
We have established administrative and technical controls and a business continuity plan to protect our operations against cybersecurity breaches. Despite these protocols, a cybersecurity breach could have a material, negative impact on BLIC and the Separate Account, as well as individual Owners and their contracts. Our operations also could be negatively affected by a cybersecurity breach at a third party, such as a governmental or regulatory authority or another participant in the financial markets.
Cybersecurity breaches can be intentional or unintentional events, and can occur through unauthorized access to computer systems, networks or devices; infection from computer viruses or other malicious software code; or attacks that shut down, disable, slow or otherwise disrupt operations, business processes or website access or functionality. Other disruptive events, including (but not limited to) natural disasters and public health crises (such as COVID-19), may adversely affect our ability to conduct business, in particular if our employees or the employees of our service providers are unable or unwilling to
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perform their responsibilities as a result of any such event. Cybersecurity breaches and other disruptions to our business operations can interfere with our processing of contract transactions, including the processing of transfer orders from our website or with the Investment Portfolios; impact our ability to calculate Accumulation Unit values; cause the release and possible destruction of confidential Owner or business information; or impede order processing or cause other operational issues.
Cybersecurity breaches may also impact the issuers of securities in which the Investment Portfolios invest, and it is possible the funds underlying your contract could lose value. There can be no assurance that we or our service providers or the Investment Portfolios will avoid losses affecting your contract due to cyber-attacks or information security breaches in the future.
Although we continually make efforts to identify and reduce our exposure to cybersecurity risk, there is no guarantee that we will be able to successfully manage and mitigate this risk at all times. Furthermore, we cannot control the cybersecurity plans and systems implemented by third parties, including service providers or issuers of securities in which the Investment Portfolios invest.
5. Investment Portfolio Fees and Expenses Table
Replace the Investment Portfolio Fees and Expenses Table in the prospectus with the Investment Portfolio Fees and Expenses Table attached to this prospectus supplement.
6. Appendix B
Replace Appendix B with the Appendix B attached to this prospectus supplement.
7. Transfers – Restrictions on Frequent Transfers
In the “Restrictions on Frequent Transfers” subsection of the Transfers section, the following paragraph has been modified:
Our policies and procedures may result in transfer restrictions being applied to deter frequent transfers. Currently, when we detect transfer activity in the Monitored Portfolios that exceeds our current transfer limits, we will impose transfer restrictions on the entire contract and require future transfer requests to or from any Investment Portfolio under that contract to be submitted in writing with an original signature. A first occurrence will result in a warning letter; a second occurrence will result in the imposition of this restriction for a six-month period; a third occurrence will result in the permanent imposition of the restriction. Transfers made under a Dollar Cost Averaging Program, a rebalancing program or, if applicable, any asset allocation programs described in this prospectus are not treated as transfers when we monitor the frequency of transfers.
We monitor transfer activity in the following “Monitored Portfolios” for purposes of imposing our restrictions on frequent transfers. In addition, we monitor transfer activity in all American Funds Insurance Series® portfolios available under your contract:
American Funds Global Small Capitalization Fund
Baillie Gifford International Stock Portfolio
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BlackRock Global Allocation V.I. Fund
BlackRock High Yield Portfolio
Brighthouse Small Cap Value Portfolio
Brighthouse/Aberdeen Emerging Markets Equity Portfolio
Brighthouse/Artisan International Portfolio
Brighthouse/Dimensional International Small Company Portfolio
Brighthouse/Eaton Vance Floating Rate Portfolio
Brighthouse/Templeton International Bond Portfolio
Clarion Global Real Estate Portfolio
Global Infrastructure Portfolio
Harris Oakmark International Portfolio
Invesco Global Equity Portfolio
Invesco Small Cap Growth Portfolio
Ivy VIP Asset Strategy
JPMorgan Small Cap Value Portfolio
Loomis Sayles Global Allocation Portfolio
Loomis Sayles Small Cap Core Portfolio
MetLife MSCI EAFE® Index Portfolio
MetLife Russell 2000® Index Portfolio
MFS® Research International Portfolio
Neuberger Berman Genesis Portfolio
PIMCO Emerging Markets Bond Portfolio
T. Rowe Price Small Cap Growth Portfolio
VanEck Global Natural Resources Portfolio
Western Asset Management Strategic Bond Opportunities Portfolio
THIS SUPPLEMENT SHOULD BE READ AND RETAINED FOR FUTURE REFERENCE
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Minimum and Maximum Total Annual Investment Portfolio Operating Expenses
  Minimum   Maximum
Total Annual Investment Portfolio Operating Expenses      
(expenses that are deducted from Investment Portfolio assets, including management fees, distribution and/or service (12b-1) fees, and other expenses) 0.58%   2.57%
Investment Portfolio Fees and Expenses as of December 31, 2019
(as a percentage of average daily net assets)
The following table is a summary. For more complete information on Investment Portfolio fees and expenses, please refer to the prospectus for each Investment Portfolio.
Investment Portfolio Management
Fee 		Distribution
and/or
Service
(12b-1) Fees 		Other
Expenses 		Acquired Fund Fees
and Expenses 		Total
Annual
Operating
Expenses 		Fee Waiver
and/or
Expense
Reimbursement 		Net Total
Annual
Operating
Expenses
American Funds Insurance Series®              
American Funds Global Small Capitalization Fund 0.70% 0.25% 0.31%  —  1.26%  —  1.26%
BlackRock Variable Series Funds, Inc.              
BlackRock Global Allocation V.I. Fund 0.64% 0.25% 0.25%  —  1.14% 0.15% 0.99%
Brighthouse Funds Trust I              
AB Global Dynamic Allocation Portfolio 0.61% 0.25% 0.04% 0.01% 0.91% 0.02% 0.89%
American Funds® Balanced Allocation Portfolio 0.06% 0.55% 0.01% 0.42% 1.04%  —  1.04%
American Funds® Growth Allocation Portfolio 0.06% 0.55% 0.01% 0.43% 1.05%  —  1.05%
American Funds® Growth Portfolio  —  0.55% 0.02% 0.35% 0.92%  —  0.92%
American Funds® Moderate Allocation Portfolio 0.06% 0.55% 0.02% 0.41% 1.04%  —  1.04%
AQR Global Risk Balanced Portfolio 0.62% 0.25% 0.03% 0.05% 0.95% 0.01% 0.94%
BlackRock Global Tactical Strategies Portfolio 0.66% 0.25% 0.02% 0.07% 1.00% 0.05% 0.95%
BlackRock High Yield Portfolio 0.60% 0.25% 0.08%  —  0.93% 0.01% 0.92%
Brighthouse Asset Allocation 100 Portfolio 0.07% 0.25% 0.02% 0.66% 1.00%  —  1.00%
Brighthouse Balanced Plus Portfolio 0.24% 0.25% 0.01% 0.45% 0.95% 0.01% 0.94%
Brighthouse Small Cap Value Portfolio 0.75% 0.25% 0.04% 0.11% 1.15% 0.01% 1.14%
Brighthouse/Aberdeen Emerging Markets Equity Portfolio 0.92% 0.25% 0.09%  —  1.26% 0.10% 1.16%
Brighthouse/Artisan International Portfolio 0.75% 0.25% 0.05%  —  1.05% 0.02% 1.03%
Brighthouse/Eaton Vance Floating Rate Portfolio 0.60% 0.25% 0.09%  —  0.94%  —  0.94%
Brighthouse/Franklin Low Duration Total Return Portfolio 0.50% 0.25% 0.05% 0.01% 0.81% 0.07% 0.74%
Brighthouse/Templeton International Bond Portfolio 0.60% 0.25% 0.08%  —  0.93%  —  0.93%
Brighthouse/Wellington Large Cap Research Portfolio 0.56% 0.25% 0.03%  —  0.84% 0.04% 0.80%
Clarion Global Real Estate Portfolio 0.62% 0.25% 0.05%  —  0.92% 0.04% 0.88%
Harris Oakmark International Portfolio 0.77% 0.25% 0.05%  —  1.07% 0.03% 1.04%
Invesco Balanced-Risk Allocation Portfolio 0.63% 0.25% 0.04% 0.02% 0.94% 0.02% 0.92%
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Investment Portfolio Management
Fee 		Distribution
and/or
Service
(12b-1) Fees 		Other
Expenses 		Acquired Fund Fees
and Expenses 		Total
Annual
Operating
Expenses 		Fee Waiver
and/or
Expense
Reimbursement 		Net Total
Annual
Operating
Expenses
Invesco Comstock Portfolio 0.57% 0.25% 0.02%  —  0.84% 0.02% 0.82%
Invesco Global Equity Portfolio 0.66% 0.25% 0.04%  —  0.95% 0.11% 0.84%
Invesco Small Cap Growth Portfolio 0.85% 0.25% 0.04%  —  1.14% 0.08% 1.06%
JPMorgan Core Bond Portfolio 0.55% 0.25% 0.03%  —  0.83% 0.14% 0.69%
JPMorgan Global Active Allocation Portfolio 0.72% 0.25% 0.05%  —  1.02% 0.06% 0.96%
JPMorgan Small Cap Value Portfolio 0.78% 0.25% 0.07%  —  1.10% 0.10% 1.00%
Loomis Sayles Global Allocation Portfolio 0.70% 0.25% 0.08%  —  1.03% 0.01% 1.02%
Loomis Sayles Growth Portfolio 0.57% 0.25% 0.02%  —  0.84% 0.02% 0.82%
MetLife Multi-Index Targeted Risk Portfolio 0.17% 0.25% 0.01% 0.22% 0.65%  —  0.65%
MFS ® Research International Portfolio 0.70% 0.25% 0.04%  —  0.99% 0.10% 0.89%
Morgan Stanley Discovery Portfolio 0.64% 0.25% 0.04%  —  0.93% 0.02% 0.91%
PanAgora Global Diversified Risk Portfolio 0.65% 0.25% 0.20% 0.02% 1.12%  —  1.12%
PIMCO Inflation Protected Bond Portfolio 0.48% 0.25% 0.94%  —  1.67%  —  1.67%
PIMCO Total Return Portfolio 0.48% 0.25% 0.38%  —  1.11% 0.03% 1.08%
Schroders Global Multi-Asset Portfolio 0.63% 0.25% 0.04% 0.02% 0.94% 0.01% 0.93%
SSGA Growth and Income ETF Portfolio 0.31% 0.25% 0.01% 0.20% 0.77%  —  0.77%
SSGA Growth ETF Portfolio 0.32% 0.25% 0.03% 0.21% 0.81%  —  0.81%
T. Rowe Price Large Cap Value Portfolio 0.57% 0.25% 0.02%  —  0.84% 0.05% 0.79%
TCW Core Fixed Income Portfolio 0.55% 0.25% 0.03% 0.01% 0.84% 0.13% 0.71%
Victory Sycamore Mid Cap Value Portfolio 0.65% 0.25% 0.04%  —  0.94% 0.09% 0.85%
Wells Capital Management Mid Cap Value Portfolio 0.72% 0.25% 0.05%  —  1.02% 0.06% 0.96%
Western Asset Management Government Income Portfolio 0.43% 0.25% 0.05%  —  0.73% 0.03% 0.70%
Brighthouse Funds Trust II              
Baillie Gifford International Stock Portfolio 0.79% 0.25% 0.05%  —  1.09% 0.12% 0.97%
BlackRock Bond Income Portfolio 0.34% 0.25% 0.05%  —  0.64%  —  0.64%
BlackRock Capital Appreciation Portfolio 0.70% 0.25% 0.02%  —  0.97% 0.09% 0.88%
BlackRock Ultra-Short Term Bond Portfolio 0.35% 0.25% 0.04%  —  0.64% 0.02% 0.62%
Brighthouse Asset Allocation 20 Portfolio 0.10% 0.25% 0.03% 0.63% 1.01% 0.03% 0.98%
Brighthouse Asset Allocation 40 Portfolio 0.06% 0.25%  —  0.63% 0.94%  —  0.94%
Brighthouse Asset Allocation 60 Portfolio 0.05% 0.25%  —  0.64% 0.94%  —  0.94%
Brighthouse Asset Allocation 80 Portfolio 0.05% 0.25% 0.01% 0.65% 0.96%  —  0.96%
Brighthouse/Dimensional International Small Company Portfolio 0.81% 0.25% 0.14%  —  1.20% 0.01% 1.19%
Brighthouse/Wellington Core Equity Opportunities Portfolio 0.70% 0.25% 0.02%  —  0.97% 0.12% 0.85%
Jennison Growth Portfolio 0.60% 0.25% 0.02%  —  0.87% 0.08% 0.79%
Loomis Sayles Small Cap Core Portfolio 0.90% 0.25% 0.07% 0.01% 1.23% 0.09% 1.14%
MetLife Aggregate Bond Index Portfolio 0.25% 0.30% 0.03%  —  0.58% 0.01% 0.57%
MetLife Mid Cap Stock Index Portfolio 0.25% 0.30% 0.05% 0.01% 0.61%  —  0.61%
MetLife MSCI EAFE® Index Portfolio 0.30% 0.30% 0.07% 0.01% 0.68%  —  0.68%
MetLife Russell 2000® Index Portfolio 0.25% 0.30% 0.06%  —  0.61%  —  0.61%
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Investment Portfolio Management
Fee 		Distribution
and/or
Service
(12b-1) Fees 		Other
Expenses 		Acquired Fund Fees
and Expenses 		Total
Annual
Operating
Expenses 		Fee Waiver
and/or
Expense
Reimbursement 		Net Total
Annual
Operating
Expenses
MetLife Stock Index Portfolio 0.25% 0.30% 0.03%  —  0.58% 0.01% 0.57%
MFS ® Value Portfolio 0.61% 0.25% 0.02%  —  0.88% 0.06% 0.82%
Neuberger Berman Genesis Portfolio 0.82% 0.25% 0.04%  —  1.11% 0.01% 1.10%
T. Rowe Price Large Cap Growth Portfolio 0.60% 0.25% 0.03%  —  0.88% 0.05% 0.83%
T. Rowe Price Small Cap Growth Portfolio 0.47% 0.30% 0.03%  —  0.80%  —  0.80%
VanEck Global Natural Resources Portfolio 0.78% 0.25% 0.03% 0.01% 1.07% 0.06% 1.01%
Western Asset Management Strategic Bond Opportunities Portfolio 0.57% 0.25% 0.03%  —  0.85% 0.06% 0.79%
Western Asset Management U.S. Government Portfolio 0.48% 0.25% 0.02%  —  0.75% 0.03% 0.72%
Ivy Variable Insurance Portfolios              
Ivy VIP Asset Strategy 0.70% 0.25% 0.07%  —  1.02%  —  1.02%
Morgan Stanley Variable Insurance Fund, Inc.              
Global Infrastructure Portfolio 0.85% 0.25% 0.48%  —  1.58% 0.46% 1.12%
PIMCO Variable Insurance Trust              
PIMCO CommodityRealReturn® Strategy Portfolio 0.74% 0.45% 1.27% 0.11% 2.57% 0.11% 2.46%
PIMCO Dynamic Bond Portfolio 0.85% 0.45% 0.15%  —  1.45%  —  1.45%
PIMCO Emerging Markets Bond Portfolio 0.85% 0.45% 0.02%  —  1.32%  —  1.32%
The information shown in the table above was provided by the Investment Portfolios. Certain Investment Portfolios and their investment adviser have entered into expense reimbursement and/or fee waiver arrangements that will continue at least until April 30, 2021. These arrangements can be terminated with respect to these Investment Portfolios only with the approval of the Investment Portfolio's board of directors or trustees. Please see the Investment Portfolios’ prospectuses for additional information regarding these arrangements.
Certain Investment Portfolios that have “Acquired Fund Fees and Expenses” are “funds of funds.” A fund of funds invests substantially all of its assets in other underlying funds. Because the Investment Portfolio invests in other funds, it will bear its pro rata portion of the operating expenses of those underlying funds, including the management fee.
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INVESTMENT OPTIONS
American Funds Insurance Series® (Class 4)
American Funds Insurance Series® is a mutual fund with multiple portfolios. Capital Research and Management Company is the investment adviser to each portfolio. The following portfolio is available under the contract:
American Funds Global Small Capitalization Fund
BlackRock Variable Series Funds, Inc. (Class III)
BlackRock Variable Series Funds, Inc. is a mutual fund with multiple portfolios. BlackRock Advisors, LLC. is the manager of the portfolios. The following portfolio is available under the contract:
BlackRock Global Allocation V.I. Fund
Brighthouse Funds Trust I
Brighthouse Funds Trust I is a mutual fund with multiple portfolios. Brighthouse Investment Advisers, LLC (Brighthouse Investment Advisers) is the investment manager of Brighthouse Funds Trust I. Brighthouse Investment Advisers has engaged subadvisers to provide investment advice for the individual Investment Portfolios. (See Appendix B for the names of the subadvisers.) The following portfolios are available under the contract:
AB Global Dynamic Allocation Portfolio (Class B)
American Funds® Balanced Allocation Portfolio (Class C)
American Funds® Growth Allocation Portfolio (Class C)
American Funds® Growth Portfolio (Class C)
American Funds® Moderate Allocation Portfolio (Class C)
AQR Global Risk Balanced Portfolio (Class B)
BlackRock Global Tactical Strategies Portfolio (Class B)
BlackRock High Yield Portfolio (Class B)
Brighthouse Asset Allocation 100 Portfolio (Class B)
Brighthouse Balanced Plus Portfolio (Class B)
Brighthouse Small Cap Value Portfolio (Class B)
Brighthouse/Aberdeen Emerging Markets Equity Portfolio (Class B)
Brighthouse/Artisan International Portfolio (Class B)
Brighthouse/Eaton Vance Floating Rate Portfolio (Class B)
Brighthouse/Franklin Low Duration Total Return Portfolio (Class B)
Brighthouse/Templeton International Bond Portfolio (Class B)
Brighthouse/Wellington Large Cap Research Portfolio (Class B)
Clarion Global Real Estate Portfolio (Class B)
Harris Oakmark International Portfolio (Class B)
Invesco Balanced-Risk Allocation Portfolio (Class B)
Invesco Comstock Portfolio (Class B)
Invesco Global Equity Portfolio (Class B) (formerly Oppenheimer Global Equity Portfolio)
Invesco Small Cap Growth Portfolio (Class B)
JPMorgan Core Bond Portfolio (Class B)
JPMorgan Global Active Allocation Portfolio (Class B)
JPMorgan Small Cap Value Portfolio (Class B)
Loomis Sayles Global Allocation Portfolio (Class B)
Loomis Sayles Growth Portfolio (Class B) (formerly ClearBridge Aggressive Growth Portfolio)
MetLife Multi-Index Targeted Risk Portfolio (Class B)
MFS® Research International Portfolio (Class B)
Morgan Stanley Discovery Portfolio (Class B)
PanAgora Global Diversified Risk Portfolio (Class B)
PIMCO Inflation Protected Bond Portfolio (Class B)
PIMCO Total Return Portfolio (Class B)
Schroders Global Multi-Asset Portfolio (Class B)
SSGA Growth and Income ETF Portfolio (Class B)
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SSGA Growth ETF Portfolio (Class B)
T. Rowe Price Large Cap Value Portfolio (Class B)
TCW Core Fixed Income Portfolio (Class B)
Victory Sycamore Mid Cap Value Portfolio (Class B)
Wells Capital Management Mid Cap Value Portfolio (Class B)
Western Asset Management Government Income Portfolio (Class B)
Brighthouse Funds Trust II
Brighthouse Funds Trust II is a mutual fund with multiple portfolios. Brighthouse Investment Advisers is the investment adviser to the portfolios. Brighthouse Investment Advisers has engaged subadvisers to provide investment advice for the individual Investment Portfolios. (See Appendix B for the names of the subadvisers.) The following portfolios are available under the contract:
Baillie Gifford International Stock Portfolio (Class B)
BlackRock Bond Income Portfolio (Class B)
BlackRock Capital Appreciation Portfolio (Class B)
BlackRock Ultra-Short Term Bond Portfolio (Class B)
Brighthouse Asset Allocation 20 Portfolio (Class B)
Brighthouse Asset Allocation 40 Portfolio (Class B)
Brighthouse Asset Allocation 60 Portfolio (Class B)
Brighthouse Asset Allocation 80 Portfolio (Class B)
Brighthouse/Dimensional International Small Company Portfolio (Class B)
Brighthouse/Wellington Core Equity Opportunities Portfolio (Class B)
Jennison Growth Portfolio (Class B)
Loomis Sayles Small Cap Core Portfolio (Class B)
MetLife Aggregate Bond Index Portfolio (Class G)
MetLife Mid Cap Stock Index Portfolio (Class G)
MetLife MSCI EAFE® Index Portfolio (Class G)
MetLife Russell 2000® Index Portfolio (Class G)
MetLife Stock Index Portfolio (Class G)
MFS® Value Portfolio (Class B)
Neuberger Berman Genesis Portfolio (Class B)
T. Rowe Price Large Cap Growth Portfolio (Class B)
T. Rowe Price Small Cap Growth Portfolio (Class G)
VanEck Global Natural Resources Portfolio (Class B)
Western Asset Management Strategic Bond Opportunities Portfolio (Class B)
Western Asset Management U.S. Government Portfolio (Class B)
Ivy Variable Insurance Portfolios (Class II)
Ivy Variable Insurance Portfolios is a mutual fund with multiple portfolios. Waddell & Reed Investment Management Company is the investment manager for each portfolio. The following portfolio is available under the contract:
Ivy VIP Asset Strategy
Morgan Stanley Variable Insurance Fund, Inc. (Class II)
Morgan Stanley Variable Insurance Fund, Inc. is a mutual fund with multiple portfolios. Morgan Stanley Investment Management Inc. is the investment adviser to each portfolio. The following portfolio is available under the contract:
Global Infrastructure Portfolio
PIMCO Variable Insurance Trust (Class M)
PIMCO Variable Insurance Trust is a mutual fund with multiple portfolios. Pacific Investment Management Company LLC is the investment adviser to each portfolio. The following portfolios are available under the contract:
PIMCO CommodityRealReturn® Strategy Portfolio
PIMCO Dynamic Bond Portfolio
PIMCO Emerging Markets Bond Portfolio
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APPENDIX B
Participating Investment Portfolios
Below are the advisers and subadvisers and investment objectives of each Investment Portfolio available under the contract. The fund prospectuses contain more complete information, including a description of the investment objectives, policies, restrictions and risks. THERE CAN BE NO ASSURANCE THAT THE INVESTMENT OBJECTIVES WILL BE ACHIEVED.
Investment Portfolio Investment Objective Investment Adviser/Subadviser
American Funds Insurance Series® (Class 4)    
American Funds Global Small Capitalization Fund Seeks long-term growth of capital. Capital Research and Management CompanySM
BlackRock Variable Series Funds, Inc. (Class III)    
BlackRock Global Allocation V.I. Fund Seeks high total investment return. BlackRock Advisors, LLC
Brighthouse Funds Trust I    
AB Global Dynamic Allocation Portfolio (Class B) Seeks capital appreciation and current income. Brighthouse Investment Advisers, LLC
Subadviser: AllianceBernstein L.P.
American Funds® Balanced Allocation Portfolio (Class C) Seeks a balance between a high level of current income and growth of capital, with a greater emphasis on growth of capital. Brighthouse Investment Advisers, LLC
American Funds® Growth Allocation Portfolio (Class C) Seeks growth of capital. Brighthouse Investment Advisers, LLC
American Funds® Growth Portfolio (Class C) Seeks to achieve growth of capital. Brighthouse Investment Advisers, LLC; Capital Research and Management CompanySM
American Funds® Moderate Allocation Portfolio (Class C) Seeks a high total return in the form of income and growth of capital, with a greater emphasis on income. Brighthouse Investment Advisers, LLC
AQR Global Risk Balanced Portfolio (Class B) Seeks total return. Brighthouse Investment Advisers, LLC
Subadviser: AQR Capital Management, LLC
BlackRock Global Tactical Strategies Portfolio (Class B) Seeks capital appreciation and current income. Brighthouse Investment Advisers, LLC
Subadviser: BlackRock Financial Management, Inc.
BlackRock High Yield Portfolio (Class B) Seeks to maximize total return, consistent with income generation and prudent investment management. Brighthouse Investment Advisers, LLC
Subadviser: BlackRock Financial Management, Inc.
Brighthouse Asset Allocation 100 Portfolio (Class B) Seeks growth of capital. Brighthouse Investment Advisers, LLC
Brighthouse Balanced Plus Portfolio (Class B) Seeks a balance between a high level of current income and growth of capital, with a greater emphasis on growth of capital. Brighthouse Investment Advisers, LLC
Subadviser: Overlay Portion: Pacific Investment Management Company LLC
Brighthouse Small Cap Value Portfolio (Class B) Seeks long-term capital appreciation. Brighthouse Investment Advisers, LLC
Subadvisers: Delaware Investments Fund Advisers; Wells Capital Management Incorporated
Brighthouse/Aberdeen Emerging Markets Equity Portfolio (Class B) Seeks capital appreciation. Brighthouse Investment Advisers, LLC
Subadviser: Aberdeen Asset Managers Limited
Brighthouse/Artisan International Portfolio (Class B) Seeks maximum long-term capital growth. Brighthouse Investment Advisers, LLC
Subadviser: Artisan Partners Limited Partnership
Brighthouse/Eaton Vance Floating Rate Portfolio (Class B) Seeks a high level of current income. Brighthouse Investment Advisers, LLC
Subadviser: Eaton Vance Management
Brighthouse/Franklin Low Duration Total Return Portfolio (Class B) Seeks a high level of current income, while seeking preservation of shareholders’ capital. Brighthouse Investment Advisers, LLC
Subadviser: Franklin Advisers, Inc.
Brighthouse/Templeton International Bond Portfolio (Class B) Seeks current income with capital appreciation and growth of income. Brighthouse Investment Advisers, LLC
Subadviser: Franklin Advisers, Inc.
B-1

 

Investment Portfolio Investment Objective Investment Adviser/Subadviser
Brighthouse/Wellington Large Cap Research Portfolio (Class B) Seeks long-term capital appreciation. Brighthouse Investment Advisers, LLC
Subadviser: Wellington Management Company LLP
Clarion Global Real Estate Portfolio (Class B) Seeks total return through investment in real estate securities, emphasizing both capital appreciation and current income. Brighthouse Investment Advisers, LLC
Subadviser: CBRE Clarion Securities LLC
Harris Oakmark International Portfolio (Class B) Seeks long-term capital appreciation. Brighthouse Investment Advisers, LLC
Subadviser: Harris Associates L.P.
Invesco Balanced-Risk Allocation Portfolio (Class B) Seeks total return. Brighthouse Investment Advisers, LLC
Subadviser: Invesco Advisers, Inc.
Invesco Comstock Portfolio (Class B) Seeks capital growth and income. Brighthouse Investment Advisers, LLC
Subadviser: Invesco Advisers, Inc.
Invesco Global Equity Portfolio (Class B) (formerly Oppenheimer Global Equity Portfolio) Seeks capital appreciation. Brighthouse Investment Advisers, LLC
Subadviser: Invesco Advisers, Inc.
Invesco Small Cap Growth Portfolio (Class B) Seeks long-term growth of capital. Brighthouse Investment Advisers, LLC
Subadviser: Invesco Advisers, Inc.
JPMorgan Core Bond Portfolio (Class B) Seeks to maximize total return. Brighthouse Investment Advisers, LLC
Subadviser: J.P. Morgan Investment Management Inc.
JPMorgan Global Active Allocation Portfolio (Class B) Seeks capital appreciation and current income. Brighthouse Investment Advisers, LLC
Subadviser: J.P. Morgan Investment Management Inc.
JPMorgan Small Cap Value Portfolio (Class B) Seeks long-term capital growth. Brighthouse Investment Advisers, LLC
Subadviser: J.P. Morgan Investment Management Inc.
Loomis Sayles Global Allocation Portfolio (Class B) Seeks high total investment return through a combination of capital appreciation and income. Brighthouse Investment Advisers, LLC
Subadviser: Loomis, Sayles & Company, L.P.
Loomis Sayles Growth Portfolio (Class B) (formerly ClearBridge Aggressive Growth Portfolio) Seeks long-term growth of capital. Brighthouse Investment Advisers, LLC
Subadviser: Loomis, Sayles & Company, L.P.
MetLife Multi-Index Targeted Risk Portfolio (Class B) Seeks a balance between growth of capital and current income, with a greater emphasis on growth of capital. Brighthouse Investment Advisers, LLC
Subadviser: Overlay Portion: MetLife Investment Advisors, LLC
MFS ® Research International Portfolio (Class B) Seeks capital appreciation. Brighthouse Investment Advisers, LLC
Subadviser: Massachusetts Financial Services Company
Morgan Stanley Discovery Portfolio (Class B) Seeks capital appreciation. Brighthouse Investment Advisers, LLC
Subadviser: Morgan Stanley Investment Management Inc.
PanAgora Global Diversified Risk Portfolio (Class B) Seeks total return. Brighthouse Investment Advisers, LLC
Subadviser: PanAgora Asset Management, Inc.
PIMCO Inflation Protected Bond Portfolio (Class B) Seeks maximum real return, consistent with preservation of capital and prudent investment management. Brighthouse Investment Advisers, LLC
Subadviser: Pacific Investment Management Company LLC
PIMCO Total Return Portfolio (Class B) Seeks maximum total return, consistent with the preservation of capital and prudent investment management. Brighthouse Investment Advisers, LLC
Subadviser: Pacific Investment Management Company LLC
Schroders Global Multi-Asset Portfolio (Class B) Seeks capital appreciation and current income. Brighthouse Investment Advisers, LLC
Subadvisers: Schroder Investment Management North America Inc.; Schroder Investment Management North America Limited
SSGA Growth and Income ETF Portfolio (Class B) Seeks growth of capital and income. Brighthouse Investment Advisers, LLC
Subadviser: SSGA Funds Management, Inc.
SSGA Growth ETF Portfolio (Class B) Seeks growth of capital. Brighthouse Investment Advisers, LLC
Subadviser: SSGA Funds Management, Inc.
T. Rowe Price Large Cap Value Portfolio (Class B) Seeks long-term capital appreciation by investing in common stocks believed to be undervalued. Income is a secondary objective. Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates, Inc.
B-2

 

Investment Portfolio Investment Objective Investment Adviser/Subadviser
TCW Core Fixed Income Portfolio (Class B) Seeks to maximize total return consistent with the preservation of capital. Brighthouse Investment Advisers, LLC
Subadviser: TCW Investment Management Company LLC
Victory Sycamore Mid Cap Value Portfolio (Class B) Seeks high total return by investing in equity securities of mid-sized companies. Brighthouse Investment Advisers, LLC
Subadviser: Victory Capital Management Inc.
Wells Capital Management Mid Cap Value Portfolio (Class B) Seeks long-term capital appreciation. Brighthouse Investment Advisers, LLC
Subadviser: Wells Capital Management
Western Asset Management Government Income Portfolio (Class B) Seeks a high level of current income, consistent with preservation of principal. Brighthouse Investment Advisers, LLC
Subadviser: Western Asset Management Company
Brighthouse Funds Trust II    
Baillie Gifford International Stock Portfolio (Class B) Seeks long-term growth of capital. Brighthouse Investment Advisers, LLC
Subadviser: Baillie Gifford Overseas Limited
BlackRock Bond Income Portfolio (Class B) Seeks a competitive total return primarily from investing in fixed-income securities. Brighthouse Investment Advisers, LLC
Subadviser: BlackRock Advisors, LLC
BlackRock Capital Appreciation Portfolio (Class B) Seeks long-term growth of capital. Brighthouse Investment Advisers, LLC
Subadviser: BlackRock Advisors, LLC
BlackRock Ultra-Short Term Bond Portfolio (Class B) Seeks a high level of current income consistent with preservation of capital. Brighthouse Investment Advisers, LLC
Subadviser: BlackRock Advisors, LLC
Brighthouse Asset Allocation 20 Portfolio (Class B) Seeks a high level of current income, with growth of capital as a secondary objective. Brighthouse Investment Advisers, LLC
Brighthouse Asset Allocation 40 Portfolio (Class B) Seeks high total return in the form of income and growth of capital, with a greater emphasis on income. Brighthouse Investment Advisers, LLC
Brighthouse Asset Allocation 60 Portfolio (Class B) Seeks a balance between a high level of current income and growth of capital, with a greater emphasis on growth of capital. Brighthouse Investment Advisers, LLC
Brighthouse Asset Allocation 80 Portfolio (Class B) Seeks growth of capital. Brighthouse Investment Advisers, LLC
Brighthouse/Dimensional International Small Company Portfolio (Class B) Seeks long-term capital appreciation. Brighthouse Investment Advisers, LLC
Subadviser: Dimensional Fund Advisors LP
Brighthouse/Wellington Core Equity Opportunities Portfolio (Class B) Seeks to provide a growing stream of income over time and, secondarily, long-term capital appreciation and current income. Brighthouse Investment Advisers, LLC
Subadviser: Wellington Management Company LLP
Jennison Growth Portfolio (Class B) Seeks long-term growth of capital. Brighthouse Investment Advisers, LLC
Subadviser: Jennison Associates LLC
Loomis Sayles Small Cap Core Portfolio (Class B) Seeks long-term capital growth from investments in common stocks or other equity securities. Brighthouse Investment Advisers, LLC
Subadviser: Loomis, Sayles & Company, L.P.
MetLife Aggregate Bond Index Portfolio (Class G) Seeks to track the performance of the Bloomberg Barclays U.S. Aggregate Bond Index. Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment Advisors, LLC
MetLife Mid Cap Stock Index Portfolio (Class G) Seeks to track the performance of the Standard & Poor’s MidCap 400® Composite Stock Price Index. Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment Advisors, LLC
MetLife MSCI EAFE® Index Portfolio (Class G) Seeks to track the performance of the MSCI EAFE® Index. Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment Advisors, LLC
MetLife Russell 2000® Index Portfolio (Class G) Seeks to track the performance of the Russell 2000® Index. Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment Advisors, LLC
MetLife Stock Index Portfolio (Class G) Seeks to track the performance of the Standard & Poor’s 500® Composite Stock Price Index. Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment Advisors, LLC
MFS ® Value Portfolio (Class B) Seeks capital appreciation. Brighthouse Investment Advisers, LLC
Subadviser: Massachusetts Financial Services Company
Neuberger Berman Genesis Portfolio (Class B) Seeks high total return, consisting principally of capital appreciation. Brighthouse Investment Advisers, LLC
Subadviser: Neuberger Berman Investment Advisers LLC
B-3

 

Investment Portfolio Investment Objective Investment Adviser/Subadviser
T. Rowe Price Large Cap Growth Portfolio (Class B) Seeks long-term growth of capital. Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates, Inc.
T. Rowe Price Small Cap Growth Portfolio (Class G) Seeks long-term capital growth. Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates, Inc.
VanEck Global Natural Resources Portfolio (Class B) Seeks long-term capital appreciation with income as a secondary consideration. Brighthouse Investment Advisers, LLC
Subadviser: Van Eck Associates Corporation
Western Asset Management Strategic Bond Opportunities Portfolio (Class B) Seeks to maximize total return consistent with preservation of capital. Brighthouse Investment Advisers, LLC
Subadviser: Western Asset Management Company
Western Asset Management U.S. Government Portfolio (Class B) Seeks to maximize total return consistent with preservation of capital and maintenance of liquidity. Brighthouse Investment Advisers, LLC
Subadviser: Western Asset Management Company
Ivy Variable Insurance Portfolios (Class II)    
Ivy VIP Asset Strategy Seeks to provide total return. Ivy Investment Management Company
Morgan Stanley Variable Insurance Fund, Inc. (Class II)    
Global Infrastructure Portfolio Seeks both capital appreciation and current income. Morgan Stanley Investment Management Inc.
PIMCO Variable Insurance Trust (Class M)    
PIMCO CommodityRealReturn® Strategy Portfolio Seeks maximum real return, consistent with prudent investment management. PIMCO
PIMCO Dynamic Bond Portfolio Seeks maximum long-term return, consistent with preservation of capital and prudent investment management. PIMCO
PIMCO Emerging Markets Bond Portfolio Seeks maximum total return, consistent with preservation of capital and prudent investment management. PIMCO
B-4