Type of Request |
Address |
Rollover Requests (ERISA Plan) |
Brighthouse Life Insurance Company
P.O. Box 71601
Philadelphia, PA 19176-1601 |
Rollover Requests (Non-ERISA Plan) |
Brighthouse Life Insurance Company
P.O. Box 70255
Philadelphia, PA 19176-0255 |
Loan Repayments (ERISA Plan) |
Brighthouse Life Insurance Company
P.O. Box 71602
Philadelphia, PA 19176-1602 |
Loan Repayments (Non-ERISA Plan) |
Brighthouse Life Insurance Company P.O. Box 70248 Philadelphia, PA 19176-0248 |
Payments / Contributions (Non-Qualified / IRA Account)
|
Brighthouse Life Insurance Company
P.O. Box 70247
Philadelphia, PA 19176-0247 |
Payroll Remittance (ERISA Plan) |
Brighthouse Life Insurance Company
P.O. Box 71603
Philadelphia, PA 19176-1603 |
Payroll Remittance (Non-ERISA Plan) |
Brighthouse Life Insurance Company
P.O. Box 70246
Philadelphia, PA 19176-0246 |
General Servicing Requests and Elections for Contracts
Currently Receiving Annuity Payments |
Brighthouse Life Insurance Company
P.O. Box 4363
Clinton, IA 52733-4363
Telephone: (800) 882-1292
Fax: (877) 246-8424 |
Death Claims for Contracts Currently Receiving Annuity
Payments |
Brighthouse Life Insurance Company
P.O. Box 4364
Clinton, IA 52733-4364
Telephone: (800) 882-1292
Fax: (877) 245-8163 |
All Other Correspondence and Requests |
Brighthouse Life Insurance Company P.O. Box 4261 Clinton, IA 52733-4261 |
|
Fees and Expenses |
Location in
Prospectus | |||
Charges for Early
Withdrawals |
If you withdraw money during the first 5 years following a
Purchase
Payment withdrawn. However, surrender charges will not be
deducted once 9 years have elapsed since your
Certificate Date.
For example, if you make an early withdrawal, you could pay a surrender
charge of up to $7,000 on a $100,000 investment. |
Fee Table and
Examples
Contract
Charges – Surrender Charge | |||
Transaction
Charges |
In addition to charges for early withdrawals, you may also be charged
for other transactions. There may be charges for
transferring cash value from any
Series, taking a full or partial surrender, annuitizing
all or part of a Participant’s Account, or initiating a loan. There may
also be taxes on
Transaction Charge for Transfers. Currently, we do not charge for transfers. However, we reserve the right to charge for transfers from any Series. |
Fee Table and Examples Contract Charges |
|
Fees and Expenses |
Location in
Prospectus | |||
Ongoing Fees and
Expenses (annual charges) |
The table below describes the fees and expenses that you may pay
each year,
depending on the options you choose. Please refer to your Contract
specifications page for information about the specific
fees you will pay each year based on the options you have
elected. |
||||
Annual Fee |
Minimum |
Maximum | |||
Base Contract1 |
Flexible Bonus – 1.39%
Smart Choice – 3.12%
Retirement
Companion – 1.29% |
Flexible Bonus – 1.39%
Smart Choice – 3.12%
Retirement
Companion – 1.29% | |||
0.10% |
1.02% | ||||
1 As a percentage of average Participant’s Account value in the
Separate Account. The charge
shown also includes the Administrative Charge. 2 As a percentage of
Fund assets before temporary expense reimbursements and/or
fee waivers. | |||||
Because your Contract is customizable, the choices you make affect how
much you will pay. To help you understand the cost of owning your
Contract, the following table shows the lowest and
highest cost you could pay each year, based on current
charges. This estimate assumes that you do not take
withdrawals from the Contract, which could add surrender
charges that substantially increase costs. | |||||
Flexible Bonus | |||||
Lowest Annual Cost
$1,363 |
Highest Annual Cost
$2,143 | ||||
Smart Choice | |||||
Lowest Annual Cost
$1,363 |
Highest Annual Cost
$2,143 | ||||
Retirement Companion | |||||
Lowest Annual Cost
$1,275 |
Highest Annual Cost
$2,062 | ||||
Assumes: |
Assumes: | ||||
•Investment of $100,000 •5% annual appreciation •Least expensive Portfolio Company fees
and expenses •No additional Purchase Payments,
transfers, or withdrawals |
•Investment of $100,000 •5% annual appreciation |
|
Risks |
Location in
Prospectus | |||
Risk of Loss |
You can lose money by investing in this Contract including loss of
principal. |
Principal Risks
of Investing in
theContract | |||
Not a Short-Term
Investment |
•This Contract is not a short-term investment and is not appropriate for an
investor who needs ready access to cash. •Surrender charges may apply for the first 5 years of the Contract. Surrender charges will reduce the value of your Contract if you withdraw
money during that time period. •The benefits of tax deferral also mean the Contract is more beneficial to
investors with a long time horizon. |
Principal Risks
of Investing in
theContract | |||
Risks Associated
with Investment
Options |
•An investment in this Contract is subject to the risk of poor investment
performance and can vary depending on the performance of the investment
options available under the Contract (e.g., the
Funds). •Each investment option, including the General Account, has its own unique
risks. •You should review the prospectuses for the available Funds and the
Prospectus disclosure concerning the
General Account before making an
investment decision. |
Principal Risks
of Investing in
theContract | |||
Insurance
Company Risks |
An investment in the Contract is subject to the risks related to us.
Any obligations (including under the
General Account) and guarantees and
benefits of the Contract that exceed the assets of the
Separate Account are
subject to our claims-paying ability. If we experience financial
distress, we may not be able to meet our obligations to
you. More information about BLIC, including our financial
strength ratings, is available by contacting us at (888)
243-1968. |
Principal Risks
of Investing in
theContract | |||
|
Restrictions |
| |||
Investments |
•Currently, we allow unlimited transfers without charge among investment
options during the accumulation phase. However, we reserve the right to
impose a charge for transfers from any
Series. •Transfers from the General Account are subject to special limitations.
•We reserve the right to limit transfers in circumstances of frequent or large
transfers. •We reserve the right to remove or substitute the Funds available as
investment options under the Contract. |
Description of
the Contracts | |||
|
Taxes |
| |||
Tax Implications |
•Consult with a tax professional to determine the tax implications of an
investment in and payments received under this Contract.
•If you purchase the Contract through a tax-qualified plan or individual
retirement
account, you do not get any additional tax
benefit. •You will generally not be taxed on increases in the value of
the Contract until they are withdrawn. Withdrawals will
be subject to ordinary income tax, and may be subject to
tax penalties if you take a withdrawal before age
59 1∕2. |
Federal Tax
Considerations | |||
|
Conflicts of Interest |
| |||
Investment
Professional
Compensation |
Your investment professional may receive compensation for selling this
Contract to you, in the form of commissions, additional
cash benefits (e.g., bonuses), and non-cash compensation.
This conflict of interest may influence your investment
professional to recommend this Contract over another
investment for which the investment professional is not compensated or
compensated less. |
Principal Underwriter |
|
Conflicts of Interest |
Location in
Prospectus | |||
Exchanges |
If you already own an insurance contract, some investment professionals
may have a financial incentive to offer you a new
contract in place of the one you own. You should only
exchange a contract you already own if you determine,
after comparing the features, fees, and risks of both contracts, that it is better for you to purchase the new contract rather than continue to
own your existing contract. |
Principal Underwriter |
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 long-term capital appreciation. |
Brighthouse Small Cap Value
Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Delaware Investments
Fund Advisers, a series of Macquarie
Investment Management Business
Trust, and Allspring Global
Investments, LLC |
0.87% |
14.21% |
11.08% |
7.43% |
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 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% |
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 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 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 long-term capital appreciation
by investing in common stocks
believed to be undervalued. Income
is a secondary objective. |
T. Rowe Price Large Cap Value
Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: T. Rowe Price
Associates, Inc. |
0.53% |
9.91% |
11.55% |
8.93% |
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 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% |
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 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% |
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 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% |
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 long-term growth of capital. |
DWS CROCI® International
VIP — Class A# DWS Investment Management Americas, Inc. |
0.84% |
18.95% |
7.11% |
2.14% |
Seeks to obtain high total return
with reduced risk over the long term
by allocating its assets among stocks,
bonds, and short-term instruments. |
Asset Manager Portfolio — Initial
Class
Fidelity Management & Research
Company LLC
Subadviser: FMR UK, FMR HK, and FMR Japan |
0.53% |
12.94% |
7.48% |
5.40% |
Seeks long-term capital appreciation. |
Contrafund® Portfolio — Initial
Class
Fidelity Management & Research
Company LLC
Subadviser: FMR UK, FMR HK, and FMR Japan |
0.56% |
33.45% |
16.65% |
11.61% |
Seeks as high a level of current
income as is consistent with
preservation of capital and liquidity. |
Government Money Market
Portfolio — Initial Class
Fidelity Management & Research
Company LLC
Subadviser: FMR UK, FMR HK, and FMR Japan |
0.27% |
4.89% |
1.72% |
1.11% |
Seeks to achieve capital
appreciation. |
Growth Portfolio — Initial Class
Fidelity Management & Research
Company LLC
Subadviser: FMR UK, FMR HK, and FMR Japan |
0.58% |
36.24% |
19.64% |
14.80% |
Seeks investment results that
correspond to the total return of
common stocks publicly traded in
the United States, as represented by
the S&P 500® Index. |
Index 500 Portfolio — Initial
Class†† Fidelity Management & Research Company LLC Subadviser: Geode Capital
Management, LLC |
0.10% |
26.19% |
15.56% |
11.92% |
Seeks long-term growth of capital. |
Overseas Portfolio — Initial Class
Fidelity Management & Research
Company LLC
Subadviser: FMR UK, FMR HK, FMR Japan, FIA, FIA(UK), and FIJ |
0.73% |
20.55% |
9.99% |
4.91% |
Seeks long-term capital growth
through investments in stocks. |
T. Rowe Price Growth Stock
Fund — Investor Class
T. Rowe Price Associates, Inc. |
0.65% |
45.27% |
13.33% |
11.71% |
Seeks long-term capital appreciation. |
Alger Small Cap Growth
Portfolio — Class I-2
Fred Alger Management, LLC |
1.02% |
16.49% |
7.96% |
7.05% |