Registration Statement Under the Securities Act of 1933 |
☐ |
Pre-Effective Amendment No. |
☐ |
Post-Effective Amendment No. 30 |
☒ |
and |
|
Registration Statement Under the Investment Company Act of 1940 |
|
Amendment No. 79 |
☒ |
|
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|
FEES AND EXPENSES |
Location in
Prospectus | ||
Charges for Early
Withdrawals |
During the first 10 Policy years, if you surrender your Policy, reduce its
face amount, or make a change in death benefit option or
partial withdrawal that reduces the face amount, or if your
Policy lapses, then we will deduct a surrender charge from
the Policy’s Cash Value. The maximum surrender charge is imposed in the first Policy year and is
equal to 45% of the
Target Premium. For example, if you
invest in a Policy with a Target Premium of $100,000, you could pay a surrender charge of up to $45,000 if you surrender in
the first Policy year. |
Charges –
Surrender Charge Fee Tables | ||
Transaction Charges |
In addition to surrender charges, you may also be charged for other
transactions. These other charges may include sales charges
on premium payments, state and federal premium tax charges
on premium payments, and charges for transfers between the
Sub-Accounts and to or from the Fixed Account. |
Charges – Sales
Charge; Premium
Tax Charge;
Federal Tax
Charge; Transfer
Charge Fee Tables | ||
Ongoing Fees and
Expenses
(annual charges) |
In addition to surrender charges and other transaction charges, an
investment in the Policy is subject to certain ongoing fees
and expenses, including a cost of insurance charge, a Policy
Charge, an Asset Charge, an administrative charge, and
charges for various riders offered along with the Policy.
Certain of those ongoing charges vary in amount depending on
the insured’s age, risk class, and (except for unisex
Policies) sex. You should view the Policy specifications page of your
Policy for the specific charges applicable to your
Policy. You also bear the expenses associated with the Eligible Funds under the
Policy, as shown in the following table: |
Charges – Policy
Charge; Asset
Charge;
Administration and
Issue Expense
Charge; Monthly
Charges for the
Cost of Insurance;
Loan Interest
Spread; Optional
Benefit Charges;
Portfolio Expenses Fee Tables | ||
Annual Fee |
Minimum |
Maximum | ||
Investment options
(
Eligible Fund fees and expenses)* |
0.28% |
0.98% | ||
*As a percentage of
Eligible Fund assets before temporary expense reimbursements
and/or fee waivers. | ||||
|
RISKS |
| ||
Risk of Loss |
You can lose money by investing in the Policy. |
Principal Risks of
Investing in the
Policy | ||
Not a Short-Term
Investment |
The Policy is not a short-term investment and is not appropriate for an
investor who needs ready access to cash. If you make a
premature withdrawal of cash from your Policy, you may incur
various costs (e.g., a surrender charge) and also possible
Federal income tax. |
Principal Risks of Investing in the Policy Charges |
|
RISKS |
Location in
Prospectus | ||
Risks Associated with Investment
Options |
An investment in the 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., the
Eligible Funds). Each investment option, including the Fixed Account, will have its own
unique risks, and you should review these investment options before
making an investment decision. |
The
Fixed Account | ||
Insurance
Company Risks |
An investment in the Policy is subject to the risks related to NELICO,
including that any obligations (including obligations
related to amounts invested in the
Fixed Account), guarantees, or benefits are subject to
NELICO’s claims-paying ability. More information about
NELICO, including its financial strength ratings, is
available upon request by calling (888)
243-1968. |
|||
Contract Lapse |
In general, in any month that your Policy’s
Cash Surrender Value is not
large enough to cover the
Monthly Deduction(i.e., the amount we deduct
on the first day of each Policy month for charges such as the Policy
charge), your Policy will be in default, and may lapse. Your
Policy’s Cash
Surrender
Value can be impacted by poor investment performance of the
Eligible
Funds you select. Your Policy may also lapse if Policy loans plus
accrued interest reduces the
Cash Surrender Value to zero. Additionally,
insufficient premium payments, withdrawals, and policy charges
(including increases in those charges) could cause the
Policy to lapse and you will no longer have insurance
coverage. If your Policy has lapsed, in most states you may
reinstate it within three years after the date of lapse.
Reinstatement in all cases requires payment of certain
charges described in the Policy and usually requires evidence of
insurability that is satisfactory to us. Death benefits will
not be paid if the Policy has lapsed. |
Lapse and
Reinstatement | ||
|
RESTRICTIONS |
| ||
Investments |
Availability of Portfolios. We reserve the right to close or substitute an
Eligible Fund or limit its availability to subsequent premium payments
and/or transfers of
Cash Value. Transfers. We may limit
the number of transfers among the Sub-Accounts and to and from the
Fixed Account to no more than 12 per
Policy year. We may impose a processing charge of $25 for each transfer
in excess of 12 per Policy year. We may also impose
restrictions on frequent transfers. We are not currently
imposing the maximum limit on transfers and withdrawals from
the Fixed Account, but we reserve the right to do so. |
Charges – Transfer
Charge | ||
Optional Benefits |
Various optional benefits may be available in the form of a rider to your
Policy. Not all of these riders may be available to you. In
general, supplemental insurance benefits may be (i)
available only to insureds within certain age ranges and/or
who meet certain criteria (e.g., terminal illness) (ii)
subject to minimum and/or maximum specified amounts, and
(iii) subject to certain termination conditions. We may stop offering an
optional benefit at any time. |
Other Benefits Available Under the Policy |
|
TAXES |
Location in
Prospectus | ||
Tax Implications |
You should consult with a tax professional to determine the tax
implications of an investment in and payments received under
the Policy. Please note that there is no additional tax
benefit to you if the Policy is purchased through a
tax-qualified plan. Withdrawals will be subject to ordinary
income tax and may be subject to tax penalties. |
Tax Considerations | ||
|
CONFLICTS OF INTEREST |
| ||
Investment
Professional
Compensation |
All firms selling the Policy receive commissions. The portion of the
commission payments that selling firms pass on to their
sales representatives is determined in accordance with their
internal compensation programs. A selling firm, or a sales
representative of a selling firm, may receive different
compensation for selling one product over another and may
have a financial incentive to offer or recommend the Policy
over another investment. Apart from the payment of
commissions, selling firms may receive additional compensation,
including marketing allowances, introduction fees,
persistency payments, preferred status fees and industry
conference fees. |
Distribution of the
Policies | ||
Exchanges |
In general, sales representatives may have a financial incentive to offer
you a new insurance policy in place of the Policy you
already own. You should exchange your Policy only if you
determine, after comparing the features, fees, and risks of
both policies, that it is preferable for you to purchase the
new policy rather than continue to own the existing Policy. |
Replacing Existing Insurance Distribution of the
Policies |
Charge |
When Charge is Deducted |
Amount Deducted |
Maximum Sales Charge
Imposed on Premiums |
On payment of premium |
5% in all Policy years1 (5.6% in NC) |
Premium Tax Imposed on
Premiums |
On payment of premium |
2.5% in all Policy years
(1.9% in NC) |
Federal Tax Imposed on
Premiums |
On payment of premium |
1.25% in all Policy years |
Surrender Charge2 |
On surrender, lapse or face amount
reduction in the first 10 Policy years (and,
with respect to a face amount increase, in
the first 10 Policy years after the increase) |
In Policy year 1, 45% of the Target
Premium (less in other Policy years see
footnote)3 |
Transfer Charge |
On transfer of Cash Value among
Sub-Accounts and to and from the Fixed
Account |
$25 for each transfer in excess of 12 per
Policy year
(Not currently charged) |
Partial Withdrawal Charge |
On partial withdrawal of Cash Value |
$25 for each partial withdrawal in excess
of 12 per Policy year
(Not currently charged) |
Face Amount Increase
Administrative Charge |
On Policy's monthly anniversary following
a face amount increase |
$100 per increase |
Acceleration of Death Benefit
Rider |
At time of benefit payment |
One-time fee of $150 (Not currently charged) |
Charge |
When Charge is Deducted |
Amount
Deducted |
Base Policy Charges |
|
|
Cost of Insurance1 |
Monthly |
|
Charge |
When Charge is Deducted |
Amount
Deducted |
Maximum |
|
$83.33 per $1,000 of net amount at
risk2 |
Minimum |
|
$.01 per $1,000 of net amount at
risk2 |
Charge
in the first Policy year for a male insured,
age 35, in the preferred
nonsmoker underwriting
class with a base Policy
face amount of $300,000 |
|
$.14 per $1,000 of net amount at risk2 |
Policy Charge |
Monthly |
$25 in Policy year 1 |
|
|
$6 in Policy years 2+ |
Asset Charge (annual rate
imposed on Cash Value in
the Variable Account)3 |
Monthly |
.70% in Policy years 1-10
.35% in Policy years 11-20
.25% in Policy years 21+ |
Administration and Issue
Expense Charge4 |
Monthly during the first 10 Policy years
(and with respect to a face amount
increase, during the first 10 Policy years
after the increase) |
|
Maximum |
|
$.38 per $1,000 of base Policy and Supplemental Coverage Term Rider face amount |
Minimum |
|
$.03 per $1,000 of base Policy and Supplemental Coverage Term Rider face amount |
Charge
for a male insured, age 35, in the
preferred nonsmoker
underwriting class |
|
$.14 per $1,000 of base Policy and
Supplemental Coverage Term Rider face
amount |
Loan Interest Spread5 |
Annually (or on loan termination, if earlier) |
.50% of loan collateral |
Charges for Optional
Benefits (Riders) |
|
|
Supplemental Coverage
Term Rider6, 7 |
Monthly |
|
Charge |
When Charge is Deducted |
Amount
Deducted |
Maximum |
|
$83.33 per $1,000 of net amount at risk |
Minimum |
|
$.01 per $1,000 of net amount at risk |
Charge in the first Policy
year for a male insured,
age 40, in the preferred
nonsmoker underwriting
class with a rider face
amount of $250,000 |
|
$.21 per $1,000 of net amount at risk8 |
Convertible Supplemental
Coverage Term Rider7 |
Monthly |
|
Maximum |
|
$83.33 per $1,000 of net amount at risk |
Minimum |
|
$.01 per $1,000 of net amount at risk |
Charge
in the first Policy year for a male insured,
age 40, in the standard
nonsmoker underwriting
class with a rider face
amount of $300,000 |
|
$.19 per $1,000 of net amount at risk8 |
Temporary Term Insurance
Rider7 |
Monthly |
|
Maximum |
|
$2.92 per $1,000 of rider face amount |
Minimum |
|
$.06 per $1,000 of rider face amount |
Charge
for a male insured, age 35, in the
preferred nonsmoker
underwriting class with a
rider face amount of
$300,000 |
|
$.07 per $1,000 of rider face amount |
Secondary Guarantee Rider |
Monthly |
$.01 per $1,000 of net amount at risk |
Children’s Life Insurance
Rider |
Monthly |
$.50 per $1,000 of rider face amount |
Waiver of Monthly Deduction
Rider7 |
Monthly |
|
Charge |
When Charge is Deducted |
Amount
Deducted |
Maximum |
|
$61.44 per $100 of Monthly Deduction |
Minimum |
|
$2.40 per $100 of Monthly Deduction |
Charge
in the first Policy year for a male insured,
age 35, in the preferred
nonsmoker underwriting
class |
|
$6.30 per $100 of Monthly Deduction |
Waiver of Specified Premium
Rider7 |
Monthly |
|
Maximum |
|
$21.75 per $100 of Specified Premium |
Minimum |
|
$1.30 per $100 of Specified Premium |
Charge
in the first Policy year for a male insured,
age 30, in the preferred
nonsmoker underwriting
class |
|
$2.80 per $100 of Specified Premium |
Options to Purchase
Additional Life Insurance
Rider7 |
Monthly |
|
Maximum |
|
$.25 per $1,000 of Option amount |
Minimum |
|
$.02 per $1,000 of Option amount |
Charge
for a male insured, age 20, in the
standard nonsmoker
underwriting class with a
face amount of $100,000 |
|
$.05 per $1,000 of Option amount |
Option to Purchase Long
Term Care Insurance Rider7 |
Monthly |
|
Maximum |
|
$1.88 per $10 of initial daily benefit amount |
Minimum |
|
$.20 per $10 of initial daily benefit amount |
Charge
for a male insured, age 40, in the
preferred nonsmoker
underwriting class |
|
$.48 per $10 of initial daily benefit amount |
Adjustable Benefit Term
Rider7 |
Monthly |
|
Charge |
When Charge is Deducted |
Amount
Deducted |
Maximum |
|
$83.33 per $1,000 of net amount at risk |
Minimum |
|
$.01 per $1,000 of net amount at risk |
Charge in
the first Policy year for a male insured,
age 35, in the preferred
nonsmoker underwriting
class with a rider face
amount of $300,000 |
|
$.14 per $1,000 of net amount at
risk9 |
|
Minimum |
Maximum |
Total Annual Eligible Fund Expenses |
|
|
(expenses that are deducted from Eligible Fund assets, including management fees, distribution
and/or service (12b-1) fees, and other expenses) |
0.28 % |
0.98 % |
Premium Payments |
New England Life Insurance Company P.O. Box 371499 Pittsburgh, PA 15250-7499 |
Payment Inquiries and Correspondence |
New England Life Insurance Company P.O. Box 323 Warwick, RI 02887-0323 |
Beneficiary and Ownership Changes |
New England Life Insurance Company P.O. Box 392 Warwick, RI 02887-0392 |
Surrenders, Loans, Withdrawals and Sub-Account Transfers |
New England Life Insurance Company P.O. Box 543 Warwick, RI 02887-0543 |
Death Claims |
New England Life Insurance Company P.O. Box 353 Warwick, RI 02887-0353 |
Sub-Account Transfers by Telephone |
(800) 200-2214 |
All Other Telephone Transactions and Inquiries |
(800) 388-4000 |
Name of Benefit |
Purpose |
Is Benefit
Standard or
Optional |
Brief Description of Restrictions/
Limitations |
Supplemental
Coverage Term
Rider |
Provides non-convertible term
life insurance |
Optional |
•Issued subject to our underwriting and
issuance standards •Provides fixed benefits that do not vary with the investment experience of the Variable Account •Rider terminates at age 100 •Not available in New York |
Name of Benefit |
Purpose |
Is Benefit
Standard or
Optional |
Brief Description of Restrictions/
Limitations |
Convertible
Supplemental
Coverage Term
Rider |
Provides term life insurance that
can be converted to permanent
coverage |
Optional |
•Issued subject to our underwriting and issuance standards •Provides fixed benefits that do not vary with the investment experience of the Variable Account •Rider terminates at age 100 (age 80 in New York) |
Temporary Term
Insurance Rider |
Provides life insurance from the
date coverage is approved to a
later Policy Date |
Optional |
•Issued subject to our underwriting and issuance standards •Provides fixed benefits that do not vary with the investment experience of the Variable Account •Has no surrenderable Cash Value |
Secondary
Guarantee Rider |
Provides for a guaranteed death
benefit to age 100 |
Optional |
•Issued subject to our underwriting and issuance standards •Provides fixed benefits that do not vary with the investment experience of the Variable Account •The Policy’s death benefit is only guaranteed if the required premiums are paid •The rider terminates under certain
scenarios |
Waiver of Monthly
Deduction Rider |
Provides for waiver of monthly
deductions upon the disability of
the insured |
Optional |
•Issued subject to our underwriting and issuance standards •Provides fixed benefits that do not vary with the investment experience of the Variable Account •Available if Insured becomes disabled after age 5 and before age 65 •Disability must continue without disruption for at least six months •The rider terminates under certain scenarios |
Waiver of
Specified
Premium Rider |
Provides for waiver of a
specified amount of monthly
premium in the event of the
disability of the insured |
Optional |
•Issued subject to our underwriting and
issuance standards •Provides fixed benefits that do not vary with the investment experience of the Variable Account •Available if Insured becomes disabled after age 5 and before age 65 •Disability must continue without disruption for at least six months •The rider terminates under certain scenarios |
Name of Benefit |
Purpose |
Is Benefit
Standard or
Optional |
Brief Description of Restrictions/
Limitations |
Options to
Purchase
Additional
Insurance Rider |
Permits to the Owner to
purchase additional coverage on
the insured without providing
evidence of insurability |
Optional |
•Issued subject to our underwriting and issuance standards •Provides fixed benefits that do not vary with the investment experience of the Variable Account |
Children's Life
Insurance Rider |
Provides insurance on the life of
the insured’s children |
Optional |
•Issued subject to our underwriting and issuance standards •Provides fixed benefits that do not vary with the investment experience of the Variable Account •To be an insured the child must be between the ages of 15 months and 18 years •Coverage terminates upon the earlier of
the child’s 25th birthday or the Policy
anniversary nearest the insured’s 65th
birthday |
Option to
Purchase
Long-Term Care
Insurance Rider |
Permits the Owner to purchase
long-term care coverage on the
insured without providing
evidence of insurability |
Optional |
•Issued subject to our underwriting and issuance standards •Provides fixed benefits that do not vary with the investment experience of the Variable Account |
Adjustable
Benefit Term
Rider |
Provides term insurance
coverage on the insured that
allows annual adjustments and
which terminates at age 100 |
Optional |
•Issued subject to our underwriting and issuance standards •Provides fixed benefits that do not vary with the investment experience of the Variable Account |
Acceleration of
Death Benefit
Rider |
Provides an acceleration of
death benefit when proof of
terminal illness is furnished |
Optional |
•Must apply at least $20,000 of “eligible proceeds” to accelerated death benefit •Amount applied to accelerated death benefit cannot exceed greater of $250,000 or 10% of “eligible proceeds” •Face Amount after payment of a partial Accelerated Death Benefit must be at least $50,000 •All Policy values and the death benefit on
the remaining Policy (if any) will be
reduced in the same proportion as the
amount of eligible proceeds to the
accelerated death benefit |
Exchange to Term
Insurance
Endorsement |
Permits the Policy to be
reissued as term insurance if it
is surrendered within the first
three Policy Years |
Optional |
•Issued subject to our underwriting and
issuance standards •Provides fixed benefits that do not vary with the investment experience of the Variable Account •Exchange must be made with three years of the Policy Date |
Name of Benefit |
Purpose |
Is Benefit
Standard or
Optional |
Brief Description of Restrictions/
Limitations |
Dollar Cost
Averaging |
Your Cash Value is transferred
periodically from any one
Sub-Account to one or more
other Sub-Accounts (and/or the
Fixed Account) that you select |
Standard |
•Cannot participate in both Dollar Cost Averaging and Portfolio Rebalancing at the same time |
Portfolio
Rebalancing |
Automatically reallocates the
Policy’s Cash Value among the
Sub-Accounts and Fixed
Account periodically to return
the allocation to the
percentages specified |
Standard |
•Cannot participate in both Dollar Cost
Averaging and Portfolio Rebalancing at the
same time |
Example: The following chart shows the net amount that we would allocate to the Policy assuming a premium
payment of $2,000 (in the first ten Policy years). |
||
Premium |
Premium |
|
$2,000 |
$2,000 |
|
|
–175 |
(8.75% x 2,000 = total sales, premium tax and Federal tax charges) |
|
$1,825 |
Net Premium |
Examples – Surrender Charges | ||
Insured
|
Hypothetical Target Premium |
Maximum Surrender Charge (45% of Hypothetical Target Premium) |
Male, Age 45 Preferred Nonsmoker Face Amount $500,000 |
$6,900 |
$3,105 |
Female, Age 45 Preferred Smoker Face Amount $100,000 |
$1,328 |
$598 |
Male, Age 55 Standard Smoker Face Amount $1,000,000 |
$25,990 |
$11,696 |
|
For Policies
which are Surrendered, Lapsed or Reduced
During |
The Maximum
Surrender Charge is the Following Percentage of One Target Premium |
Entire Policy Year |
1 |
45% |
Last Month of Policy Years |
2 |
40% |
|
3 |
35% |
|
4 |
30% |
|
5 |
25% |
|
6 |
20% |
|
7 |
15% |
|
8 |
10% |
|
9 |
5% |
|
10 |
0% |
Age of
Insured at Start of the Policy Year |
Percentage of Cash Value |
Age
of Insured at Start of the Policy Year |
Percentage
of Cash Value |
0 through 40 |
250 |
61 |
128 |
41 |
243 |
62 |
126 |
42 |
236 |
63 |
124 |
43 |
229 |
64 |
122 |
44 |
222 |
65 |
120 |
45 |
215 |
66 |
119 |
46 |
209 |
67 |
118 |
47 |
203 |
68 |
117 |
48 |
197 |
69 |
116 |
49 |
191 |
70 |
115 |
50 |
185 |
71 |
113 |
51 |
178 |
72 |
111 |
52 |
171 |
73 |
109 |
53 |
164 |
74 |
107 |
54 |
157 |
75 through 90 |
105 |
55 |
150 |
91 |
104 |
56 |
146 |
92 |
103 |
57 |
142 |
93 |
102 |
58 |
138 |
94 through 99 |
101 |
59 |
134 |
100° |
100 |
60 |
130 |
|
|
|
Net Single Premium Factor | |
Age |
Male |
Female |
30 |
5.11461 |
5.73493 |
40 |
3.65441 |
4.10179 |
50 |
2.64084 |
2.97655 |
60 |
1.96130 |
2.20154 |
70 |
1.53027 |
1.67101 |
80 |
1.27945 |
1.33624 |
90 |
1.14453 |
1.15541 |
100 |
1.00000 |
1.00000 |
YEAR |
0% DEATH
BENEFIT |
6% DEATH
BENEFIT |
10% DEATH
BENEFIT |
0% NET CASH
VALUE |
6% NET CASH
VALUE |
10% NET CASH
VALUE |
0% CASH
VALUE |
6% CASH
VALUE |
10% CASH
VALUE |
1 |
300,000 |
300,000 |
300,000 |
28 |
135 |
207 |
1,238 |
1,346 |
1,418 |
2 |
300,000 |
300,000 |
300,000 |
1,594 |
1,894 |
2,102 |
2,671 |
2,971 |
3,178 |
3 |
300,000 |
300,000 |
300,000 |
3,119 |
3,705 |
4,124 |
4,061 |
4,647 |
5,066 |
4 |
300,000 |
300,000 |
300,000 |
4,600 |
5,568 |
6,282 |
5,407 |
6,375 |
7,090 |
5 |
300,000 |
300,000 |
300,000 |
6,223 |
7,674 |
8,782 |
6,895 |
8,347 |
9,455 |
6 |
300,000 |
300,000 |
300,000 |
8,008 |
10,060 |
11,675 |
8,546 |
10,598 |
12,213 |
7 |
300,000 |
300,000 |
300,000 |
9,758 |
12,536 |
14,790 |
10,162 |
12,939 |
15,194 |
8 |
300,000 |
300,000 |
300,000 |
11,475 |
15,108 |
18,151 |
11,744 |
15,377 |
18,420 |
9 |
300,000 |
300,000 |
300,000 |
13,156 |
17,778 |
21,773 |
13,291 |
17,913 |
21,907 |
10 |
300,000 |
300,000 |
300,000 |
14,796 |
20,544 |
25,673 |
14,796 |
20,544 |
25,673 |
15 |
300,000 |
300,000 |
300,000 |
24,689 |
38,989 |
53,884 |
24,689 |
38,989 |
53,884 |
20 |
300,000 |
300,000 |
300,000 |
33,324 |
61,744 |
96,529 |
33,324 |
61,744 |
96,529 |
25 |
300,000 |
300,000 |
300,000 |
40,699 |
90,370 |
162,448 |
40,699 |
90,370 |
162,448 |
30 |
300,000 |
300,000 |
317,505 |
45,702 |
125,746 |
264,588 |
45,702 |
125,746 |
264,588 |
35 |
300,000 |
300,000 |
485,254 |
46,911 |
169,542 |
421,960 |
46,911 |
169,542 |
421,960 |
40 |
300,000 |
300,000 |
696,792 |
42,729 |
225,334 |
663,612 |
42,729 |
225,334 |
663,612 |
45 |
300,000 |
314,421 |
1,087,677 |
28,807 |
299,449 |
1,035,883 |
28,807 |
299,449 |
1,035,883 |
50 |
|
415,309 |
1,683,226 |
395,532 |
|
1,603,073 |
|
395,532 |
1,603,073 |
55 |
|
541,094 |
2,582,837 |
515,328 |
|
2,459,845 |
|
515,328 |
2,459,845 |
60 |
|
674,826 |
3,809,556 |
668,145 |
|
3,771,838 |
|
668,145 |
3,771,838 |
65 |
|
866,842 |
5,807,438 |
866,842 |
|
5,807,438 |
|
866,842 |
5,807,438 |
YEAR |
0% DEATH
BENEFIT |
6% DEATH
BENEFIT |
10% DEATH
BENEFIT |
0% NET CASH
VALUE |
6% NET CASH
VALUE |
10% NET CASH
VALUE |
0% CASH
VALUE |
6% CASH
VALUE |
10% CASH
VALUE |
1 |
300,000 |
300,000 |
300,000 |
0 |
30 |
100 |
1,137 |
1,241 |
1,311 |
2 |
300,000 |
300,000 |
300,000 |
1,386 |
1,674 |
1,872 |
2,463 |
2,750 |
2,949 |
3 |
300,000 |
300,000 |
300,000 |
2,799 |
3,355 |
3,753 |
3,741 |
4,297 |
4,695 |
4 |
300,000 |
300,000 |
300,000 |
4,161 |
5,074 |
5,749 |
4,968 |
5,881 |
6,556 |
5 |
300,000 |
300,000 |
300,000 |
5,467 |
6,826 |
7,864 |
6,140 |
7,498 |
8,536 |
6 |
300,000 |
300,000 |
300,000 |
6,717 |
8,610 |
10,106 |
7,255 |
9,148 |
10,644 |
7 |
300,000 |
300,000 |
300,000 |
7,902 |
10,420 |
12,478 |
8,305 |
10,824 |
12,882 |
8 |
300,000 |
300,000 |
300,000 |
9,023 |
12,258 |
14,992 |
9,292 |
12,527 |
15,261 |
9 |
300,000 |
300,000 |
300,000 |
10,073 |
14,116 |
17,653 |
10,207 |
14,250 |
17,788 |
10 |
300,000 |
300,000 |
300,000 |
11,053 |
15,996 |
20,475 |
11,053 |
15,996 |
20,475 |
15 |
300,000 |
300,000 |
300,000 |
16,636 |
28,064 |
40,337 |
16,636 |
28,064 |
40,337 |
20 |
300,000 |
300,000 |
300,000 |
19,252 |
40,685 |
68,238 |
19,252 |
40,685 |
68,238 |
25 |
300,000 |
300,000 |
300,000 |
16,874 |
52,273 |
107,923 |
16,874 |
52,273 |
107,923 |
30 |
300,000 |
300,000 |
300,000 |
5,813 |
59,376 |
165,642 |
5,813 |
59,376 |
165,642 |
35 |
|
300,000 |
300,000 |
|
54,547 |
255,323 |
|
54,547 |
255,323 |
40 |
|
300,000 |
418,625 |
|
20,971 |
398,690 |
|
20,971 |
398,690 |
45 |
|
|
647,804 |
|
|
616,957 |
|
|
616,957 |
50 |
|
|
983,344 |
|
|
936,518 |
|
|
936,518 |
55 |
|
|
1,461,160 |
|
|
1,391,581 |
|
|
1,391,581 |
60 |
|
|
2,097,440 |
|
|
2,076,673 |
|
|
2,076,673 |
65 |
|
|
3,115,882 |
|
|
3,115,882 |
|
|
3,115,882 |
Investment Objectives |
Portfolio Company and
Adviser/Sub-Adviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/2023) | ||
1
Year |
5
Year |
10
Year | |||
Seeks long-term growth of
capital. |
American Funds Global Small Capitalization Fund
— Class 2# Capital Research and Management CompanySM
|
0.91% |
16.17% |
8.31% |
5.78% |
Seeks growth of capital. |
American Funds Growth Fund — Class 2
Capital Research and Management
CompanySM |
0.59% |
38.49% |
18.68% |
14.36% |
Seeks long-term growth of
capital and income. |
American Funds Growth-Income Fund — Class
2 Capital Research and Management
CompanySM |
0.53% |
26.14% |
13.36% |
10.91% |
Seeks as high a level of
current income as is
consistent with the
preservation of capital. |
American Funds The Bond Fund of America — Class
2# Capital Research and Management CompanySM
|
0.48% |
5.02% |
1.89% |
2.08% |
Seeks growth of capital. |
Brighthouse Asset Allocation 100 Portfolio — Class
A‡ Brighthouse Investment Advisers, LLC |
0.74% |
21.10% |
11.83% |
8.19% |
Seeks long-term capital
appreciation. |
Brighthouse/Wellington Large Cap Research Portfolio
— Class A# Brighthouse Investment Advisers, LLC
Subadviser: Wellington Management Company LLP |
0.54% |
25.74% |
15.38% |
11.71% |
Seeks total return through
investment in real estate
securities, emphasizing
both capital appreciation
and current income. |
CBRE Global Real Estate Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: CBRE Investment
Management Listed Real Assets
LLC |
0.65% |
12.87% |
6.40% |
4.65% |
Seeks long-term capital
appreciation. |
Harris Oakmark International Portfolio — Class
A# Brighthouse Investment Advisers, LLC
Subadviser: Harris Associates L.P. |
0.73% |
19.26% |
7.50% |
3.45% |
Seeks capital appreciation. |
Invesco Global Equity Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Invesco Advisers,
Inc. |
0.58% |
34.99% |
12.48% |
8.68% |
Investment Objectives |
Portfolio Company and
Adviser/Sub-Adviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/2023) | ||
1
Year |
5
Year |
10
Year | |||
Seeks long-term growth of
capital. |
Invesco Small Cap Growth Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Invesco Advisers,
Inc. |
0.81% |
12.33% |
8.90% |
7.66% |
Seeks long-term growth of
capital. |
Loomis Sayles Growth Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Loomis, Sayles &
Company, L.P. |
0.55% |
52.06% |
16.39% |
10.80% |
Seeks capital appreciation. |
MFS® Research International
Portfolio —
Class A# Brighthouse Investment Advisers, LLC
Subadviser: Massachusetts Financial Services Company |
0.65% |
13.05% |
8.82% |
4.43% |
Seeks capital appreciation. |
Morgan Stanley Discovery Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Morgan Stanley
Investment Management Inc.
|
0.67% |
41.23% |
11.07% |
8.77% |
Seeks maximum real return,
consistent with preservation
of capital and prudent
investment management. |
PIMCO Inflation Protected Bond Portfolio — Class
A Brighthouse Investment Advisers, LLC Subadviser: Pacific Investment
Management Company LLC |
0.68% |
3.74% |
3.28% |
2.32% |
Seeks maximum total
return, consistent with the
preservation of capital and
prudent investment
management. |
PIMCO Total Return Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Pacific Investment
Management Company LLC |
0.55% |
6.22% |
1.25% |
1.86% |
Seeks growth of capital and
income. |
SSGA Growth and Income ETF Portfolio — Class
A‡ Brighthouse Investment Advisers, LLC
Subadviser: SSGA Funds Management, Inc. |
0.52% |
14.12% |
7.77% |
5.76% |
Seeks growth of capital. |
SSGA Growth ETF Portfolio — Class A‡ Brighthouse Investment Advisers, LLC Subadviser: SSGA Funds Management,
Inc. |
0.55% |
16.13% |
9.47% |
6.70% |
Seeks long-term growth of
capital. |
T. Rowe Price Mid Cap Growth Portfolio — Class
A# Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates, Inc.
Sub-Subadviser: T. Rowe Price
Investment Management, Inc. |
0.70% |
20.11% |
11.90% |
10.72% |
Investment Objectives |
Portfolio Company and
Adviser/Sub-Adviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/2023) | ||
1
Year |
5
Year |
10
Year | |||
Seeks high total return by
investing in equity securities
of mid-sized companies. |
Victory Sycamore Mid Cap Value Portfolio — Class
A# Brighthouse Investment Advisers, LLC
Subadviser: Victory Capital Management Inc. |
0.60% |
10.20% |
14.66% |
8.57% |
Seeks long-term growth of
capital. |
Baillie Gifford International Stock Portfolio — Class
A# Brighthouse Investment Advisers, LLC
Subadviser: Baillie Gifford Overseas Limited |
0.75% |
18.59% |
7.15% |
4.72% |
Seeks a competitive total
return primarily from
investing in fixed-income
securities. |
BlackRock Bond Income Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: BlackRock Advisors,
LLC |
0.39% |
5.84% |
1.53% |
2.20% |
Seeks long-term growth of
capital. |
BlackRock Capital Appreciation Portfolio — Class
A# Brighthouse Investment Advisers, LLC
Subadviser: BlackRock Advisors, LLC |
0.57% |
49.61% |
16.15% |
12.88% |
Seeks a high level of
current income consistent
with prudent investment
risk and preservation of
capital. |
BlackRock Ultra-Short Term Bond Portfolio — Class
A# Brighthouse Investment Advisers, LLC
Subadviser: BlackRock Advisors, LLC |
0.36% |
5.05% |
1.76% |
1.18% |
Seeks a high level of
current income, with growth
of capital as a secondary
objective. |
Brighthouse Asset Allocation 20 Portfolio — Class
A#‡ Brighthouse Investment Advisers, LLC |
0.64% |
8.08% |
3.88% |
3.31% |
Seeks high total return in
the form of income and
growth of capital, with a
greater emphasis on
income. |
Brighthouse Asset Allocation 40 Portfolio — Class
A‡ Brighthouse Investment Advisers, LLC |
0.64% |
10.82% |
5.87% |
4.60% |
Seeks a balance between a
high level of current income
and growth of capital, with
a greater emphasis on
growth of capital. |
Brighthouse Asset Allocation 60 Portfolio — Class
A‡ Brighthouse Investment Advisers, LLC |
0.66% |
13.93% |
8.00% |
5.93% |
Seeks growth of capital. |
Brighthouse Asset Allocation 80 Portfolio — Class
A‡ Brighthouse Investment Advisers, LLC |
0.69% |
17.51% |
10.02% |
7.17% |
Seeks long-term capital
growth. |
Brighthouse/Artisan Mid Cap Value Portfolio — Class
A# Brighthouse Investment Advisers, LLC
Subadviser: Artisan Partners Limited Partnership |
0.77% |
18.53% |
11.56% |
6.75% |
Investment Objectives |
Portfolio Company and
Adviser/Sub-Adviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/2023) | ||
1
Year |
5
Year |
10
Year | |||
Seeks long-term capital
appreciation with some
current income. |
Brighthouse/Wellington Balanced Portfolio — Class
A Brighthouse Investment Advisers, LLC Subadviser: Wellington Management
Company LLP |
0.53% |
18.10% |
10.09% |
8.07% |
Seeks to provide a growing
stream of income over time
and, secondarily, long-term
capital appreciation and
current income. |
Brighthouse/Wellington Core Equity Opportunities Portfolio
— Class A# Brighthouse Investment Advisers, LLC
Subadviser: Wellington Management Company LLP |
0.61% |
7.66% |
13.12% |
10.36% |
Seeks maximum capital
appreciation. |
Frontier Mid Cap Growth Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Frontier Capital
Management Company, LLC
|
0.71% |
18.00% |
11.26% |
9.28% |
Seeks long-term growth of
capital. |
Jennison Growth Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Jennison Associates
LLC |
0.55% |
53.26% |
17.98% |
14.32% |
Seeks long-term capital
growth from investments in
common stocks or other
equity securities. |
Loomis Sayles Small Cap Core Portfolio — Class
A# Brighthouse Investment Advisers, LLC
Subadviser: Loomis, Sayles & Company, L.P. |
0.89% |
17.46% |
11.35% |
7.90% |
Seeks long-term capital
growth. |
Loomis Sayles Small Cap Growth Portfolio — Class
A# Brighthouse Investment Advisers, LLC
Subadviser: Loomis, Sayles & Company, L.P. |
0.87% |
11.91% |
10.08% |
8.49% |
Seeks to track the
performance of the
Bloomberg U.S. Aggregate
Bond Index. |
MetLife Aggregate Bond Index Portfolio — Class
A Brighthouse Investment Advisers, LLC Subadviser: MetLife Investment
Management, LLC |
0.28% |
5.20% |
0.87% |
1.57% |
Seeks to track the
performance of the
Standard & Poor’s MidCap
400® Composite Stock
Price Index. |
MetLife Mid Cap Stock Index Portfolio — Class
A Brighthouse Investment Advisers, LLC Subadviser: MetLife Investment
Management, LLC |
0.31% |
16.08% |
12.34% |
9.01% |
Seeks to track the
performance of the MSCI
EAFE® Index. |
MetLife MSCI EAFE® Index Portfolio —
Class A Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment Management, LLC |
0.39% |
17.93% |
7.99% |
4.05% |
Seeks to track the
performance of the Russell
2000® Index. |
MetLife Russell 2000® Index Portfolio — Class
A Brighthouse Investment Advisers, LLC Subadviser: MetLife Investment
Management, LLC |
0.32% |
16.80% |
9.90% |
7.16% |
Investment Objectives |
Portfolio Company and
Adviser/Sub-Adviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/2023) | ||
1
Year |
5
Year |
10
Year | |||
Seeks to track the
performance of the
Standard & Poor’s 500®
Composite Stock Price
Index. |
MetLife Stock Index Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: MetLife Investment
Management, LLC |
0.26% |
25.94% |
15.39% |
11.75% |
Seeks a favorable total
return through investment
in a diversified portfolio. |
MFS® Total Return Portfolio —
Class A# Brighthouse Investment Advisers, LLC Subadviser: Massachusetts Financial
Services Company |
0.62% |
10.40% |
8.53% |
6.59% |
Seeks capital appreciation. |
MFS® Value Portfolio — Class
A# Brighthouse Investment Advisers, LLC
Subadviser: Massachusetts Financial Services Company |
0.58% |
8.15% |
11.55% |
8.78% |
Seeks high total return,
consisting principally of
capital appreciation. |
Neuberger Berman Genesis Portfolio — Class
A# Brighthouse Investment Advisers, LLC
Subadviser: Neuberger Berman Investment Advisers LLC |
0.80% |
15.53% |
12.40% |
8.75% |
Seeks long-term growth of
capital. |
T. Rowe Price Large Cap Growth Portfolio — Class
A# Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates, Inc. |
0.57% |
46.81% |
13.52% |
11.88% |
Seeks long-term capital
growth. |
T. Rowe Price Small Cap Growth Portfolio — Class
A Brighthouse Investment Advisers, LLC Subadviser: T. Rowe Price Associates,
Inc. |
0.51% |
21.57% |
11.84% |
9.44% |
Seeks to maximize total
return consistent with
preservation of capital. |
Western Asset Management Strategic
Bond Opportunities Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Western Asset
Management Company LLC |
0.56% |
9.44% |
2.80% |
3.01% |
Investment Objectives |
Portfolio Company and
Adviser/Sub-Adviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/2023) | ||
1
Year |
5
Year |
10
Year | |||
Seeks to maximize total
return consistent with
preservation of capital and
maintenance of liquidity. |
Western Asset Management U.S. Government
Portfolio — Class A# Brighthouse Investment Advisers, LLC
Subadviser: Western Asset Management Company LLC |
0.50% |
4.87% |
0.95% |
1.23% |
Seeks reasonable income.
The fund will also consider
the potential for capital
appreciation. The fund’s
goal is to achieve a yield
which exceeds the
composite yield on the
securities comprising the
S&P 500® Index. |
Equity-Income Portfolio — Initial Class
Fidelity Management & Research Company
LLC Subadviser: FMR UK, FMR HK, and FMR Japan |
0.47% |
10.65% |
12.30% |
8.58% |
|
Page |
SAI-3 | |
SAI-3 | |
SAI-3
| |
SAI-3 | |
SAI-3 | |
SAI-4 | |
SAI-4 | |
SAI-4 | |
SAI-5
| |
SAI-5 | |
SAI-6 | |
SAI-6 | |
SAI-6 | |
SAI-6 | |
SAI-6 | |
SAI-7 | |
SAI-7 | |
SAI-7 | |
SAI-7 | |
SAI-8 |
Fiscal Year |
Aggregate Amount of Commissions Paid to Distributor |
Aggregate Amount of Commissions Retained by Distributor After Payments to Selling Firms |
2023 |
$3,405* |
$0 |
2022 |
$6,205,493 |
$0 |
2021 |
$1,536,991 |
$0 |
(a) |
||
|
|
|
(b) |
None. | |
|
|
|
(c) |
(i) |
|
|
|
|
|
(ii) |
|
|
|
|
|
(iii) |
|
|
|
|
|
(iv) |
|
|
|
|
|
(v) |
|
|
|
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|
(vi) |
|
|
|
|
|
(vii) |
|
|
|
|
|
(viii) |
|
|
|
|
|
(ix) |
|
|
|
|
|
(x) |
|
|
|
|
|
(xi) |
|
|
|
|
|
(xii) |
|
|
|
|
|
(xiii) |
|
|
|
|
(d) |
(i) |
|
|
|
|
|
(ii) |
|
|
|
|
(e) |
(i) |
|
|
|
|
|
(ii) |
|
|
|
|
|
(iii) |
|
|
|
|
|
(iv) |
|
|
|
|
(f) |
(i) |
|
|
|
|
|
(ii) |
|
|
|
|
|
(iii) |
|
|
|
|
|
(iv) |
|
|
|
|
(g) |
||
|
|
|
(h) |
(i) |
|
|
|
|
|
(ii) |
|
|
|
|
|
(iii) |
|
|
|
|
|
(iv) |
|
|
|
|
|
(v) |
|
|
|
|
|
(vi) |
|
|
|
|
|
(vii) |
|
|
|
|
|
(viii) |
|
|
|
|
|
(ix) |
|
|
|
|
|
(x) |
|
|
|
|
|
(xi) |
|
|
|
|
|
(xii) |
|
|
|
|
|
(xiii) |
|
|
|
|
|
(xiv) |
|
|
|
|
|
(xv) |
|
|
|
|
|
(xvi) |
|
|
|
|
|
(xvii) |
|
|
|
|
|
(xviii) |
|
|
|
|
|
(xix) |
|
|
|
|
(i) |
None. |
|
|
|
|
(j) |
None. |
|
|
|
|
(k) |
||
|
|
|
(l) |
||
|
|
|
(m) |
||
|
|
|
(n) |
(i) |
|
|
|
|
|
(ii) |
|
|
|
|
(o) |
None. | |
|
|
|
(p) |
None. | |
|
|
|
(q) |
(i) |
|
|
|
|
|
(ii) |
|
|
|
|
(r) |
None. | |
|
|
|
(s) |
Name and Principal Business Office |
Positions and Offices with Depositor |
Tara Figard
11225 North Community House Road
Charlotte, NC 28277 |
Chairman of the Board, President, Chief Executive Officer and a Director |
Lindsey M. Cox
11225 North Community House Road
Charlotte, NC 28277 |
Director |
Rachel M. D’Anna 334 Madison Avenue, Floor 3 Morristown, NJ 07960 |
Director and Vice President |
Meghan S. Doscher
11225 North Community House Road
Charlotte, NC 28277 |
Director and Vice President |
Gianna H. Figaro-Sterling 11225 North Community House Road
Charlotte, NC 28277 |
Vice President and Chief Financial Officer |
Donald A. Leintz
11225 North Community House Road
Charlotte, NC 28277 |
Director and Vice President |
James Painter
11225 North Community House Road
Charlotte, NC 28277 |
Director and Vice President |
Kristine Toscano
11225 North Community House Road
Charlotte, NC 28277 |
Director and Vice President |
Michele Abate
11225 North Community House Road
Charlotte, NC 28277 |
Vice President and Assistant Secretary |
Devon Arendosh
11225 North Community House Road
Charlotte, NC 28277 |
Vice President and Chief Information Security Officer
|
Patrisha Cox
11225 North Community House Road
Charlotte, NC 28277 |
Vice President |
David Dooley
11225 North Community House Road
Charlotte, NC 28277 |
Vice President |
Micah Dowling
11225 North Community House Road
Charlotte, NC 28277 |
Vice President |
Kevin Finneran
11225 North Community House Road
Charlotte, NC 28277 |
Vice President |
Jason Frain
11225 North Community House Road
Charlotte, NC 28277 |
Vice President |
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 and Chief Investment 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 |
Jacob Jenkelowitz
285 Madison Avenue, Suite 1400
New York, NY 10017 |
Vice President and Secretary |
Colleen Johnson
11225 North Community House Road
Charlotte, NC 28277 |
Vice President and Assistant Secretary |
John Lima 334
Madison Avenue, Floor 3 Morristown, NJ 07960 |
Chief Derivatives Officer |
Allie Lin 11225
North Community House Road Charlotte, NC 28277 |
Vice President |
Philip Melville
334 Madison Avenue, Floor 3
Morristown, NJ 07960 |
Vice President |
Tiffanie Moore
11225 North Community House Road
Charlotte, NC 28277 |
Vice President and Assistant Secretary |
Janet Morgan
11225 North Community House Road
Charlotte, NC 28277 |
Vice President and Treasurer |
Rosemary Morgan
11225 North Community House Road
Charlotte, NC 28277 |
Vice President and Chief Compliance Officer |
Alan Otis 11225
North Community House Road Charlotte, NC 28277 |
Vice President |
Melissa Pavlovich
11225 North Community House Road
Charlotte, NC 28277 |
Vice President and Tax Director |
Phillip Pfotenhauer 11225 North Community House Road Charlotte, NC 28277 |
Vice President |
David A. Rosenbaum
11225 North Community House Road
Charlotte, NC 28277 |
Vice President |
Matthew Sheperd
334 Madison Avenue, Floor 3
Morristown, NJ 07960 |
Vice President – Dividend Actuary |
Kristi Slavin
11225 North Community House Road
Charlotte, NC 28277 |
Vice President |
Gregor Speakman
11225 North Community House Road
Charlotte, NC 28277 |
Vice President |
David Ward 11225
North Community House Road Charlotte, NC 28277 |
Vice President |
Julienne Warr
11225 North Community House Road
Charlotte, NC 28277 |
Vice President |
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) |
|
|
|
(i.) |
BLICNY Property Ventures, LLC (DE) |
|
|
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) |
|
|
m. |
|
BLIC Property Ventures, LLC (DE) |
|
3. |
Brighthouse Securities, LLC (DE) | ||
|
4. |
Brighthouse Services, LLC (DE) | ||
|
5. |
Brighthouse Investment Advisers, LLC (DE) |
Name and Principal Business Office |
Positions and Offices with Underwriter |
Myles Lambert
11225 North Community House Road
Charlotte, NC 28277 |
Manager, President and Chief Executive Officer |
Philip Beaulieu
11225 North Community House Road
Charlotte, NC 28277 |
Manager and Vice President |
Amy Cusson
11225 North Community House Road
Charlotte, NC 28277 |
Manager |
Michael Davis
11225 North Community House Road
Charlotte, NC 28277 |
Manager and Vice President |
Meghan Doscher
11225 North Community House Road
Charlotte, NC 28277 |
Manager |
Kevin Macilvane, Jr. 11225 North Community House Road
Charlotte, NC 28277 |
Manager |
Gerard Nigro
11225 North Community House Road
Charlotte, NC 28277 |
Manager and Vice President |
Christopher Hartsfield 11225 North Community House Road
Charlotte, NC 28277 |
Vice President and Assistant Secretary |
Jacob Jenkelowitz
285 Madison Avenue, Suite 1400
New York, NY 10017 |
Vice President and Secretary |
Colleen Johnson
11225 North Community House Road
Charlotte, NC 28277 |
Vice President and Assistant Secretary |
Donald Leintz
11225 North Community House Road
Charlotte, NC 28277 |
Vice President |
John Lima
334 Madison Avenue, Floor 3
Morristown, NJ 07960 |
Vice President and Chief Derivatives Officer |
John Martinez
11225 North Community House Road
Charlotte, NC 28277 |
Principal Financial Officer |
Tiffanie Moore
11225 North Community House Road
Charlotte, NC 28277 |
Vice President and Assistant Secretary |
Janet Morgan
11225 North Community House Road
Charlotte, NC 28277 |
Vice President and Treasurer |
Melissa Pavlovich
11225 North Community House Road
Charlotte, NC 28277 |
Vice President and Tax Director |
Kristin Prohonic
11225 North Community House Road
Charlotte, NC 28277 |
Vice President and Chief Compliance Officer |
(1) Name of Principal
Underwriter |
(2) Net Underwriting Discounts
And Commissions |
(3) Compensation on Events
Occasioning The Deduction of a Deferred Sales Load |
(4) Brokerage Commissions
|
(5) Other Compensation
|
Brighthouse Securities, LLC |
$3,405 |
–– |
–– |
–– |
|
New England Variable Life Separate Account | |
|
|
(Registrant) |
|
By: |
New England Life Insurance Company |
|
|
(Depositor) |
|
By: |
/s/ Kevin
Finneran |
|
|
Kevin Finneran Vice President |
|
New England Life Insurance Company | |
|
|
(Depositor) |
|
By: |
/s/ Kevin
Finneran |
|
|
Kevin Finneran Vice President |
/s/ Tara Figard* Tara Figard |
Chairman of the Board, President, Chief Executive Officer and a Director |
/s/ Lindsey M. Cox* Lindsey M. Cox |
Director |
/s/ Rachel M. D’Anna* Rachel M. D’Anna |
Director |
/s/ Meghan Doscher* Meghan Doscher |
Director |
/s/ Gianna H. Figaro-Sterling* Gianna H. Figaro-Sterling |
Vice President and Chief Financial Officer |
/s/ Donald A. Leintz* Donald A. Leintz |
Director |
/s/ James Painter* James Painter |
Director |
/s/ Kristine Toscano* Kristine Toscano |
Director, Vice President (principal accounting officer) |
|
*By: |
/s/ Michele H.
Abate |
|
|
Michele H. Abate, Attorney-In-Fact April 22, 2024 |