• | For changes in the names of certain Portfolios and any other changes to the Portfolios please refer to Appendix A. |
• | For updated Portfolio expense information please refer to “Important Information You Should Consider About the Policy” and Appendix A. |
• | For updated Portfolio performance information please refer to Appendix A. |
FEES AND EXPENSES | LOCATION
IN PROSPECTUS | |||
Charges for Early Withdrawal | None | — | ||
Transaction Charges | You may be charged for certain transactions, such as sales charges, underwriting charges on increases in specified face amount, charges to pay for certain taxes when you make a premium payment or transfer cash value between investment options or increase your specified face amount. | “Charges and Deductions — Sales Charge; Administrative Charge; Charge for Average Expected State and Local Taxes Attributable to Premiums; Charge for Expected Federal Taxes Attributable to Premiums; and Other Charges” | ||
Ongoing Fees and Expenses (annual charges) | In
addition to charges described above, an investment in the Policy is subject to certain ongoing fees and expenses, including a mortality and expense risk charge, a monthly deduction covering the cost of insurance under the Policy and optional
benefits added by rider, and such fees and expenses are set based on characteristics of the insured (e.g., the insured’s sex (if permitted by law and applicable under your Policy), age underwriting class and rate class. Please refer to the
specifications page of your Policy for applicable rates. You will also bear expenses associated with the Portfolios available under your Policy, as shown in the following table: |
“Charges
and Deductions– Charges Included in the Monthly Deduction” “Charges and Deductions – Charges Included in the Monthly Deduction “ “Charges and Deductions –Portfolio Company Charges” | ||
ANNUAL FEE |
MIN. |
MAX. | ||
Investment options (Portfolio fees and charges) |
0.23% |
1.38% | ||
RISKS | LOCATION
IN PROSPECTUS | |||
Risk of Loss | You can lose money by investing in this Policy. | “Principal Risks” | ||
Not a Short-Term Investment | The Policy is designed to provide lifetime insurance protection. It should not be used as a short-term investment or if you need ready access to cash because you will be charged when you make premium payments. | “Principal Risks” |
RISKS | LOCATION
IN PROSPECTUS | |||
Risks Associated with Investment Options | An investment in this Policy is subject to the risk of poor investment performance and can vary depending on the performance of the Portfolios available under the Policy. Each investment option (including any Fixed Account investment option) has its own unique risks. You should review the investment options before making an investment decision. | “Principal Risks” | ||
Insurance Company Risks | An investment in this Policy is subject to the risks related to Metropolitan Life, including any obligations (including under any Fixed Account investment option), guarantees, and benefits of the Policy, which are subject to the claims paying ability of Metropolitan Life. If Metropolitan Life experiences financial distress, it may not be able to meet its obligations to you. More information about Metropolitan Life, including its financial strength ratings, is available upon request by calling 1-877-638-3932 or by visiting https://www.metlife.com/about-us/corporate-profile/ratings/. | “Principal Risks” | ||
Contract Lapse | Your Policy may lapse if you have paid an insufficient amount of premiums or if the investment experience of the Portfolios is poor and the cash surrender value under your Policy is insufficient to cover the monthly deduction. Lapse of a Policy on which there is an outstanding loan may have adverse tax consequences. If the Policy lapses, no death benefit will be paid. A Policy may be reinstated if the conditions for reinstatement are met including the payment of required premiums. | “Principal Risks” | ||
RESTRICTIONS | LOCATION
IN PROSPECTUS | |||
Investments | Policy
Owners may transfer cash value between and among the investment Divisions and the Fixed Account. The minimum amount you may transfer is $50 or, if less, the total amount in an investment option. You may make transfers at any time. The maximum
amount that you may transfer or withdraw from the Fixed Account in any Policy year is the greater of $50 and 25% of the largest amount in the Fixed Account over the last four Policy years. At the present time, no charge is assessed against the cash value of a Policy when amounts are transferred among the Divisions of the Separate Account and between the Divisions and the Fixed Account. Metropolitan Life reserves to impose a charge of $25 per transfer. Restrictions may apply to frequent transfers. Metropolitan Life reserves the right to remove or substitute portfolio companies as investment options that are available under the Policy. |
“Cash Value, Transfers and Withdrawals – Cash Value Transfers” | ||
Optional Benefits | Restrictions or limitations may apply to certain optional benefits. For example, benefits may be (i) no longer available, (ii) available only when you apply for a Policy, (iii) unavailable in certain combinations, or (iv) available only if your employer makes it available. You should check with your employer regarding the availability of riders. | “Optional Benefits” |
TAXES | LOCATION
IN PROSPECTUS | |||
Tax Implications | Consult
with a tax professional to determine the tax implications of an investment in and payments received under this Policy. Withdrawals will be subject to ordinary income tax, and may be subject to tax penalties. Lapse of a Policy on which there is an outstanding loan may have adverse tax consequences |
“Federal Tax Matters” | ||
CONFLICTS OF INTEREST | LOCATION
IN PROSPECTUS | |||
Investment Professional Compensation | Your investment professional may receive compensation relating to your ownership of Policy, both in the form of commissions and continuing payments. These investment professionals may have a financial incentive to offer or recommend the Policy over another investment. | “Sales of the Policy” | ||
Exchanges | Some investment professionals may have a financial incentive to offer you a new policy in place of your current Policy. You should only exchange your Policy if you determine, after comparing the features, fees, and risks of both policies, that it is better for you to purchase the new policy rather than continue to own your existing Policy. | “Sales of The Policy” |
FUND
TYPE |
PORTFOLIO
AND ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE
ANNUAL TOTAL RETURNS (as of 12/31/2021) | ||
1
YEAR |
5
YEAR |
10
YEAR | |||
Global Equity | AB
VPS Sustainable Global Thematic Portfolio - Class B (formerly known as AB VPS Global Thematic Growth Portfolio - Class B) AllianceBernstein L.P. |
1.13% | 22.57% | 22.11% | 14.95% |
US Equity | American
Funds American High-Income Trust* - Class 2 Capital Research and Management CompanySM |
0.55% | 8.42% | 6.23% | 6.58% |
US Equity | American
Funds Growth Fund - Class 2 Capital Research and Management CompanySM |
0.60% | 21.97% | 19.71% | 25.43% |
International Equity | American
Funds International Fund - Class 2 Capital Research and Management CompanySM |
0.79% | -1.49% | 8.13% | 9.63% |
US Fixed Income | American
Funds U.S. Government Securities Fund* - Class 2 Capital Research and Management CompanySM |
0.47% | -0.62% | 2.29% | 3.30% |
Allocation | Asset
Manager: Growth Portfolio - Service Class Fidelity Management & Research Company LLC Subadviser: FMR UK, FMR HK, FMR Japan |
0.78% | 13.89% | 12.37% | 10.59% |
International Equity | Baillie
Gifford International Stock Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: Baillie Gifford Overseas Limited |
0.71% | -0.76% | 13.35% | 9.97% |
US Fixed Income | BlackRock
Bond Income Portfolio - Class A Brighthouse Investment Advisers, LLC Subadviser: BlackRock Advisors, LLC |
0.37% | -0.43% | 4.26% | 3.86% |
US Equity | BlackRock
Capital Appreciation Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: BlackRock Advisors, LLC |
0.62% | 21.20% | 25.45% | 18.64% |
US Fixed Income | BlackRock
Ultra-Short Term Bond Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: BlackRock Advisors, LLC |
0.36% | -0.19% | 1.01% | 0.54% |
FUND
TYPE |
PORTFOLIO
AND ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE
ANNUAL TOTAL RETURNS (as of 12/31/2021) | ||
1
YEAR |
5
YEAR |
10
YEAR | |||
Allocation | Brighthouse
Asset Allocation 100 Portfolio - Class B Brighthouse Investment Advisers, LLC |
0.97% | 18.13% | 14.64% | 12.88% |
Allocation | Brighthouse
Asset Allocation 20 Portfolio* - Class B Brighthouse Investment Advisers, LLC |
0.85% | 3.69% | 5.73% | 5.03% |
Allocation | Brighthouse
Asset Allocation 40 Portfolio - Class B Brighthouse Investment Advisers, LLC |
0.85% | 7.42% | 7.84% | 7.10% |
Allocation | Brighthouse
Asset Allocation 60 Portfolio - Class B Brighthouse Investment Advisers, LLC |
0.88% | 10.90% | 10.18% | 9.20% |
US Equity | Brighthouse
Small Cap Value Portfolio* - Class B Brighthouse Investment Advisers, LLC Subadviser: Delaware Investments Fund Advisers, a series of Macquarie Investment Management Business Trust, and Allspring Global Investments, LLC |
1.06% | 31.77% | 9.82% | 12.17% |
International Equity | Brighthouse/abrdn
Emerging Markets Equity Portfolio - Class B (formerly known as Brighthouse/Aberdeen Emerging Markets Equity Portfolio - Class B) Brighthouse Investment Advisers, LLC Subadviser: Aberdeen Asset Managers Limited |
1.15% | -5.07% | 9.95% | 5.01% |
US Equity | Brighthouse/Artisan
Mid Cap Value Portfolio* - Class B Brighthouse Investment Advisers, LLC Subadviser: Artisan Partners Limited Partnership |
1.00% | 26.59% | 10.04% | 10.72% |
Allocation | Brighthouse/Wellington
Balanced Portfolio - Class A Brighthouse Investment Advisers, LLC Subadviser: Wellington Management Company LLP |
0.51% | 14.02% | 12.84% | 11.64% |
US Equity | 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% |
US Equity | Brighthouse/Wellington
Large Cap Research Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: Wellington Management Company LLP |
0.53% | 24.38% | 18.14% | 16.33% |
Sector | CBRE
Global Real Estate Portfolio - Class A (formerly known as Clarion Global Real Estate Portfolio - Class A) Brighthouse Investment Advisers, LLC Subadviser: CBRE Investment Management Listed Real Assets LLC |
0.62% | 34.70% | 10.29% | 9.28% |
FUND
TYPE |
PORTFOLIO
AND ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE
ANNUAL TOTAL RETURNS (as of 12/31/2021) | ||
1
YEAR |
5
YEAR |
10
YEAR | |||
US Equity | Contrafund
® Portfolio - Service Class Fidelity Management & Research Company LLC Subadviser: FMR UK, FMR HK, FMR Japan |
0.70% | 27.71% | 20.05% | 16.52% |
International Fixed Income | Emerging
Markets Debt Portfolio* - Class I Morgan Stanley Investment Management Inc. Subadviser: Morgan Stanley Investment Management Limited |
1.10% | -2.02% | 3.82% | 3.86% |
International Equity | Emerging
Markets Equity Portfolio - Class I Morgan Stanley Investment Management Inc. Subadviser: Morgan Stanley Investment Management Company |
1.25% | 2.99% | 9.46% | 5.44% |
US Equity | Equity-Income
Portfolio - Service Class Fidelity Management & Research Company LLC Subadviser: FMR UK, FMR HK, FMR Japan |
0.61% | 24.83% | 11.84% | 12.42% |
Global Equity | Franklin
Mutual Global Discovery VIP Fund - Class 2 Franklin Mutual Advisers, LLC |
1.23% | 19.13% | 6.42% | 8.47% |
Allocation | Freedom
2020 Portfolio - Initial Class Fidelity Management & Research Company LLC |
0.50% | 9.47% | 10.68% | 9.26% |
Allocation | Freedom
2025 Portfolio - Initial Class Fidelity Management & Research Company LLC |
0.53% | 10.83% | 11.53% | 10.25% |
US Equity | Frontier
Mid Cap Growth Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: Frontier Capital Management Company, LLC |
0.70% | 14.68% | 18.90% | 15.49% |
US Equity | Goldman
Sachs Small Cap Equity Insights Fund* - Institutional Shares Goldman Sachs Asset Management, L.P. |
0.81% | 23.79% | 11.33% | 12.92% |
US Fixed Income | Government
Money Market Portfolio - Initial Class Fidelity Management & Research Company LLC Subadviser: FMR UK, FMR HK, FMR Japan |
0.23% | 0.01% | 0.93% | 0.51% |
International Equity | Harris
Oakmark International Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: Harris Associates L.P. |
0.76% | 8.66% | 7.35% | 9.00% |
US Fixed Income | High
Income Portfolio - Initial Class Fidelity Management & Research Company LLC Subadviser: FMR UK, FMR HK, FMR Japan |
0.67% | 4.41% | 5.01% | 5.61% |
Global Equity | Invesco
Global Equity Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: Invesco Advisers, Inc. |
0.57% | 15.76% | 18.44% | 14.46% |
US Equity | Invesco
Small Cap Growth Portfolio* - Class B Brighthouse Investment Advisers, LLC Subadviser: Invesco Advisers, Inc. |
1.05% | 6.93% | 18.91% | 16.63% |
US Equity | Invesco
V.I. Comstock Fund - Series II Invesco Advisers, Inc. |
0.99% | 33.04% | 11.12% | 12.59% |
FUND
TYPE |
PORTFOLIO
AND ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE
ANNUAL TOTAL RETURNS (as of 12/31/2021) | ||
1
YEAR |
5
YEAR |
10
YEAR | |||
International Equity | Invesco
V.I. EQV International Equity Fund - Series I (formerly known as Invesco V.I. International Growth Fund - Series I) Invesco Advisers, Inc. |
0.89% | 5.89% | 10.17% | 8.09% |
US Fixed Income | Investment
Grade Bond Portfolio - Service Class Fidelity Management & Research Company LLC Subadviser: FMR UK, FMR HK, FMR Japan |
0.49% | -0.79% | 4.23% | 3.44% |
Allocation | Janus
Henderson Balanced Portfolio - Service Shares Janus Henderson Investors US LLC |
0.86% | 16.91% | 14.10% | 11.53% |
US Equity | Janus
Henderson Enterprise Portfolio - Service Shares Janus Henderson Investors US LLC |
0.96% | 16.54% | 18.84% | 16.93% |
US Equity | Janus
Henderson Forty Portfolio - Service Shares Janus Henderson Investors US LLC |
1.02% | 22.60% | 25.27% | 20.00% |
US Equity | Janus
Henderson Research Portfolio - Institutional Shares Janus Henderson Investors US LLC |
0.60% | 20.33% | 21.99% | 17.45% |
US Equity | Jennison
Growth Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: Jennison Associates LLC |
0.53% | 17.17% | 27.45% | 20.50% |
US Equity | JPMorgan
Small Cap Value Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: J.P. Morgan Investment Management Inc. |
0.75% | 33.01% | 8.60% | 11.45% |
US Equity | Loomis
Sayles Growth Portfolio - Class A Brighthouse Investment Advisers, LLC Subadviser: Loomis, Sayles & Company, L.P. |
0.56% | 18.66% | 16.59% | 15.99% |
US Equity | Loomis
Sayles Small Cap Core Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: Loomis, Sayles & Company, L.P. |
0.87% | 21.95% | 11.95% | 13.23% |
US Fixed Income | MetLife
Aggregate Bond Index Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: MetLife Investment Management, LLC |
0.27% | -1.93% | 3.32% | 2.64% |
US Equity | MetLife
Mid Cap Stock Index Portfolio - Class A Brighthouse Investment Advisers, LLC Subadviser: MetLife Investment Management, LLC |
0.29% | 24.40% | 12.81% | 13.93% |
International Equity | MetLife
MSCI EAFE® Index Portfolio - Class A Brighthouse Investment Advisers, LLC Subadviser: MetLife Investment Management, LLC |
0.38% | 10.72% | 9.38% | 7.84% |
US Equity | MetLife
Russell 2000® Index Portfolio - Class A Brighthouse Investment Advisers, LLC Subadviser: MetLife Investment Management, LLC |
0.30% | 14.52% | 11.93% | 13.20% |
FUND
TYPE |
PORTFOLIO
AND ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE
ANNUAL TOTAL RETURNS (as of 12/31/2021) | ||
1
YEAR |
5
YEAR |
10
YEAR | |||
US Equity | MetLife
Stock Index Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: MetLife Investment Management, LLC |
0.26% | 28.36% | 18.18% | 16.26% |
Global Equity | MFS
® Global Equity Series* - Service Class Massachusetts Financial Services Company |
1.17% | 16.88% | 13.90% | 12.61% |
US Fixed Income | MFS
® High Yield Portfolio* - Service Class Massachusetts Financial Services Company |
0.97% | 3.08% | 4.93% | 5.58% |
US Equity | MFS
® New Discovery Series* - Service Class Massachusetts Financial Services Company |
1.12% | 1.57% | 21.00% | 15.87% |
International Equity | MFS
® Research International Portfolio* - Class B Brighthouse Investment Advisers, LLC Subadviser: Massachusetts Financial Services Company |
0.89% | 11.71% | 12.29% | 8.45% |
Allocation | MFS
® Total Return Portfolio* - Class B Brighthouse Investment Advisers, LLC Subadviser: Massachusetts Financial Services Company |
0.84% | 13.93% | 9.61% | 9.41% |
US Equity | MFS
® Value Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: Massachusetts Financial Services Company |
0.57% | 25.54% | 12.51% | 13.70% |
US Equity | Mid
Cap Portfolio - Service Class 2 Fidelity Management & Research Company LLC Subadviser: FMR UK, FMR HK, FMR Japan |
0.86% | 25.31% | 13.32% | 13.00% |
US Equity | Morgan
Stanley Discovery Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: Morgan Stanley Investment Management Inc. |
0.62% | -10.54% | 37.65% | 20.90% |
US Equity | Neuberger
Berman Genesis Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: Neuberger Berman Investment Advisers LLC |
0.78% | 18.41% | 15.71% | 14.21% |
Alternative | PIMCO
All Asset Portfolio* - Administrative Class Pacific Investment Management Company LLC Subadviser: Research Affiliates, LLC |
1.24% | 16.23% | 8.57% | 6.03% |
Sector | PIMCO
CommodityRealReturn® Strategy Portfolio* - Administrative Class Pacific Investment Management Company LLC |
0.93% | 33.34% | 5.72% | -1.86% |
US Fixed Income | PIMCO
Inflation Protected Bond Portfolio - Class A Brighthouse Investment Advisers, LLC Subadviser: Pacific Investment Management Company LLC |
0.53% | 5.61% | 5.42% | 3.16% |
US Fixed Income | PIMCO
Long-Term U.S. Government Portfolio - Administrative Class Pacific Investment Management Company LLC |
0.66% | -4.78% | 6.14% | 4.19% |
FUND
TYPE |
PORTFOLIO
AND ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE
ANNUAL TOTAL RETURNS (as of 12/31/2021) | ||
1
YEAR |
5
YEAR |
10
YEAR | |||
US Fixed Income | PIMCO
Low Duration Portfolio - Administrative Class Pacific Investment Management Company LLC |
0.65% | -0.93% | 1.54% | 1.59% |
US Fixed Income | PIMCO
Total Return Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: Pacific Investment Management Company LLC |
0.47% | -1.13% | 4.15% | 3.58% |
US Equity | Pioneer
Mid Cap Value VCT Portfolio - Class I Amundi Asset Management US, Inc. |
0.75% | 29.67% | 9.20% | 11.20% |
International Equity | Putnam
VT International Value Fund - Class IB Putnam Investment Management, LLC Subadviser: B |
1.12% | 14.94% | 8.09% | 7.01% |
US Equity | Royce
Micro-Cap Portfolio* - Investment Class Royce Investment Partners |
1.33% | 29.98% | 12.97% | 9.24% |
US Equity | Royce
Small-Cap Portfolio* - Investment Class Royce Investment Partners |
1.08% | 28.82% | 6.51% | 8.63% |
US Equity | 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% |
US Equity | 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% |
US Equity | T.
Rowe Price Mid Cap Growth Portfolio*(1) - Class B Brighthouse Investment Advisers, LLC Subadviser: T. Rowe Price Associates, Inc. |
0.95% | 14.98% | 17.90% | 16.28% |
US Equity | 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% |
International Equity | Templeton
Foreign VIP Fund* - Class 1 Templeton Investment Counsel, LLC |
0.86% | 4.44% | 2.97% | 4.27% |
Global Fixed Income | Templeton
Global Bond VIP Fund* - Class 1 Franklin Advisers, Inc. |
0.51% | -4.62% | -0.68% | 1.39% |
US Equity | Victory
Sycamore Mid Cap Value Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: Victory Capital Management Inc. |
0.59% | 32.13% | 12.75% | 12.26% |
US Fixed Income | 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% |
* | The Portfolio is subject to an expense reimbursement or fee waiver arrangement. The annual expenses shown reflect temporary fee reductions. |
(1) | Effective April 29, 2019, the Portfolio closed to new investments and transfers. |