• | 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 | A
surrender charge will be deducted from the Cash Value if the Policy is surrendered, lapses or there is a partial withdrawal during the first ten (10) Policy years or during the first (10) Policy years after an increase in the specified face amount
of a Policy. The maximum surrender charge is 3.825% of specified face amount. For example, the maximum surrender charge during the first year after issue (or a specified face amount increase), assuming an initial face amount (or subsequent specified face amount increase) of $100,000, is $3,825. |
“Charges -Surrender Charge, Partial Withdrawal Charge” | ||
Transaction Charges | In addition to surrender charges, you also may be charged for other transactions (such as when you make a Premium payment, or transfer Cash Value between investment options, make a partial withdrawal or request an illustration if you have requested more than one illustration in a year). | “Charges -Deductions from Premiums, Surrender Charge, Partial Withdrawal Charge, Transfer Charge” | ||
Ongoing Fees and Expenses (annual charges) | In
addition to surrender charges and transaction charges, an investment in the Policy is subject to certain ongoing fees and expenses, including fees and expenses 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., age, sex and risk classification). There is also a mortality and expense risk charge deducted. You will also bear expenses associated with the Portfolios available under your Policy, as shown in the following table: |
“Charges – Monthly Deduction from Cash Value, Charges Against the Portfolios and the Divisions of the Separate Account” | ||
ANNUAL FEE |
MIN. |
MAX. | ||
Investment options (Portfolio fees and charges) |
0.27% |
1.11% | ||
RISKS | LOCATION
IN PROSPECTUS | |||
Risk of Loss | You can lose money by investing in this Policy. | “Principal Risks” |
RISKS | LOCATION
IN PROSPECTUS | |||
Not a Short- Term Investment | The Policies are designed to provide lifetime insurance protection. They 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 and you may also pay surrender charges when surrendering the Policy. | “Principal Risks” | ||
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 investment options available under the Policy (e.g., Portfolios). 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 | Investments in the Policy are 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 1-800-638-5000 or visiting: https://www.metlife.com/about-us/corporate-profile/ratings/. | “Prinicipal 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. | “Prinicipal Risks” | ||
RESTRICTIONS | LOCATION
IN PROSPECTUS | |||
Investments | Policy
Owners may transfer Cash Value between and among the Divisions and the Fixed Account. There are limitations on the transfer from the Fixed Account and limits on the minimum amount Policy Owners may transfer. Metropolitan Life also reserves the
right to limit transfers to four (4) per Policy year and 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. |
Transfer Charge” and “Transfers” | ||
Optional Benefits | The Option to Purchase Additional Insurance Coverage Rider, Overloan Protection Rider, Guaranteed Survivor Income Benefit Rider and Guaranteed Minimum Death Benefit Rider were available to be elected at Policy issue only. You may not elect both the Waiver of Monthly Deduction Rider and the Waiver of Specified Premium Rider. | “Additional 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 a Policy, both in the form of commissions and continuing payments. This conflict of interest may influence your investment professional when advising you on your Policy. | “Distribution of the Policies” | ||
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. | “The Policies-Replacing Existing Insurance” |
FUND
TYPE |
PORTFOLIO
AND ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE
ANNUAL TOTAL RETURNS (as of 12/31/2021) | ||
1
YEAR |
5
YEAR |
10
YEAR | |||
Allocation | AB
Global Dynamic Allocation Portfolio* - Class B Brighthouse Investment Advisers, LLC Subadviser: AllianceBernstein L.P. |
0.88% | 9.28% | 7.67% | 7.07% |
Global Equity | American
Funds Global Small Capitalization Fund* - Class 2 Capital Research and Management CompanySM |
0.90% | 6.74% | 12.51% | 15.45% |
US Equity | American
Funds Growth Fund - Class 2 Capital Research and Management CompanySM |
0.60% | 21.97% | 19.71% | 25.43% |
US Equity | American
Funds Growth-Income Fund - Class 2 Capital Research and Management CompanySM |
0.54% | 24.10% | 15.42% | 16.39% |
US Fixed Income | American
Funds The Bond Fund of America* - Class 2 Capital Research and Management CompanySM |
0.45% | -0.31% | 3.27% | 4.25% |
Allocation | American
Funds® Balanced Allocation Portfolio - Class B Brighthouse Investment Advisers, LLC |
0.67% | 12.55% | 11.96% | 10.55% |
Allocation | American
Funds® Growth Allocation Portfolio - Class B Brighthouse Investment Advisers, LLC |
0.71% | 16.21% | 14.23% | 12.68% |
Allocation | American
Funds® Moderate Allocation Portfolio - Class B Brighthouse Investment Advisers, LLC |
0.64% | 9.98% | 9.79% | 8.67% |
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% |
FUND
TYPE |
PORTFOLIO
AND ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE
ANNUAL TOTAL RETURNS (as of 12/31/2021) | ||
1
YEAR |
5
YEAR |
10
YEAR | |||
Allocation | BlackRock
Global Tactical Strategies Portfolio* - Class B Brighthouse Investment Advisers, LLC Subadviser: BlackRock Financial Management, Inc. |
0.93% | 9.79% | 7.76% | 6.81% |
Allocation | Brighthouse
Asset Allocation 100 Portfolio - Class A Brighthouse Investment Advisers, LLC |
0.72% | 18.34% | 14.91% | 13.15% |
Allocation | Brighthouse
Asset Allocation 20 Portfolio* - Class A Brighthouse Investment Advisers, LLC |
0.60% | 4.01% | 6.00% | 5.30% |
Allocation | Brighthouse
Asset Allocation 40 Portfolio - Class A Brighthouse Investment Advisers, LLC |
0.60% | 7.68% | 8.12% | 7.37% |
Allocation | Brighthouse
Asset Allocation 60 Portfolio - Class A Brighthouse Investment Advisers, LLC |
0.63% | 11.17% | 10.45% | 9.47% |
Allocation | Brighthouse
Asset Allocation 80 Portfolio - Class A Brighthouse Investment Advisers, LLC |
0.67% | 14.87% | 12.89% | 11.54% |
Allocation | Brighthouse
Balanced Plus Portfolio - Class B Brighthouse Investment Advisers, LLC Subadviser: Overlay Portion: Pacific Investment Management Company LLC |
0.89% | 7.54% | 10.39% | 9.22% |
International Equity | Brighthouse/abrdn
Emerging Markets Equity Portfolio - Class A (formerly known as Brighthouse/Aberdeen Emerging Markets Equity Portfolio - Class A) Brighthouse Investment Advisers, LLC Subadviser: Aberdeen Asset Managers Limited |
0.90% | -4.81% | 10.23% | 5.27% |
US Equity | Brighthouse/Artisan
Mid Cap Value Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: Artisan Partners Limited Partnership |
0.75% | 26.91% | 10.32% | 11.00% |
Global Fixed Income | Brighthouse/Templeton
International Bond Portfolio - Class A Brighthouse Investment Advisers, LLC Subadviser: Franklin Advisers, Inc. |
0.69% | -4.69% | -1.50% | 0.58% |
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% |
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 | 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% |
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% |
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% |
Alternative | Invesco
Balanced-Risk Allocation Portfolio* - Class B Brighthouse Investment Advisers, LLC Subadviser: Invesco Advisers, Inc. |
0.92% | 9.69% | 7.47% | — |
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 A Brighthouse Investment Advisers, LLC Subadviser: Invesco Advisers, Inc. |
0.80% | 7.12% | 19.19% | 16.92% |
US Equity | Jennison
Growth Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: Jennison Associates LLC |
0.53% | 17.17% | 27.45% | 20.50% |
Allocation | JPMorgan
Global Active Allocation Portfolio* - Class B Brighthouse Investment Advisers, LLC Subadviser: J.P. Morgan Investment Management Inc. |
0.97% | 9.64% | 9.27% | — |
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% |
Allocation | Loomis
Sayles Global Allocation Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: Loomis, Sayles & Company, L.P. |
0.77% | 14.57% | 14.54% | 11.61% |
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% |
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 | 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 Equity | Loomis
Sayles Small Cap Growth Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: Loomis, Sayles & Company, L.P. |
0.86% | 10.00% | 19.09% | 15.79% |
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% |
Allocation | MetLife
Multi-Index Targeted Risk Portfolio - Class B Brighthouse Investment Advisers, LLC Subadviser: Overlay Portion: MetLife Investment Management, LLC |
0.64% | 9.72% | 8.82% | — |
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% |
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% |
International Equity | MFS
® Research International Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: Massachusetts Financial Services Company |
0.64% | 11.98% | 12.58% | 8.72% |
Allocation | MFS
® Total Return Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: Massachusetts Financial Services Company |
0.59% | 14.22% | 9.89% | 9.68% |
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 | Morgan
Stanley Discovery Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: Morgan Stanley Investment Management Inc. |
0.62% | -10.54% | 37.65% | 20.90% |
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 | 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 | PanAgora
Global Diversified Risk Portfolio*‡ - Class B Brighthouse Investment Advisers, LLC Subadviser: PanAgora Asset Management, Inc. |
1.09% | 6.39% | 8.60% | — |
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
Total Return Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: Pacific Investment Management Company LLC |
0.47% | -1.13% | 4.15% | 3.58% |
Allocation | Schroders
Global Multi-Asset Portfolio* - Class B Brighthouse Investment Advisers, LLC Subadviser: Schroder Investment Management North America Inc.; Schroder Investment Management North America Limited |
0.92% | 11.42% | 7.43% | — |
Allocation | SSGA
Growth and Income ETF Portfolio - Class A Brighthouse Investment Advisers, LLC Subadviser: SSGA Funds Management, Inc. |
0.51% | 13.61% | 10.31% | 8.75% |
Allocation | SSGA
Growth ETF Portfolio - Class A Brighthouse Investment Advisers, LLC Subadviser: SSGA Funds Management, Inc. |
0.54% | 17.88% | 12.01% | 10.31% |
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 Mid Cap Growth Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: T. Rowe Price Associates, Inc. |
0.70% | 15.15% | 18.19% | 16.57% |
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% |
Sector | VanEck
Global Natural Resources Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: Van Eck Associates Corporation |
0.74% | 18.82% | 2.90% | 0.41% |
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% |
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 | 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% |
US Fixed Income | Western
Asset Management U.S. Government Portfolio* - Class A Brighthouse Investment Advisers, LLC Subadviser: Western Asset Management Company LLC |
0.48% | -1.52% | 2.49% | 1.97% |
* | The Portfolio is subject to an expense reimbursement or fee waiver arrangement. The annual expenses shown reflect temporary fee reductions. |
‡ | Prior to the opening of business on May 2, 2022, the PanAgora Global Diversified Risk Portfolio of Brighthouse Funds Trust I merged with and into the PanAgora Global Diversified Risk Portfolio II (formerly AQR Global Risk Balanced Portfolio) of Brighthouse Funds Trust I. Values prior to May 2, 2022 reflect the performance of the PanAgora Global Diversified Risk Portfolio. Effective at close of business on April 29, 2022, the PanAgora Global Diversified Risk Portfolio II was renamed the PanAgora Global Diversified Risk Portfolio. |