Form 497VPU Brighthouse Separate
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Universal Annuity
ISSUED BY
BRIGHTHOUSE LIFE INSURANCE COMPANY
Updating Summary Prospectus
April 27, 2026
A Flexible Premium Variable Annuity Contract
The prospectus for Universal Annuity, a flexible premium variable annuity contract issued by Brighthouse Life Insurance
Company (the Company, or We, Us, or Our), is available and contains more information about the Contract including its features, benefits, and risks. You can find the current prospectus and other information about the Contract online at
https://dfinview.com/BHF/PUFT/BHF64. You can also obtain this information at no cost by calling (833) 208-3018
or by sending an email request to [email protected]. We no longer actively offer the Contracts to new
purchasers, but We continue to accept new Participants under existing Contracts previously issued to Plans.
The Contract is a complex investment and involves
risks, including potential loss of principal. The Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals (partial or full) could result in withdrawal charges, taxes and tax penalties.
The Company’s obligations under the Contract are subject to our financial strength and claims-paying ability. Additional general information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission’s staff and is available at Investor.gov.
The Securities and Exchange Commission has not approved or disapproved
these securities or the adequacy of this prospectus. Any representation to the contrary is a criminal offense.
Glossary
Accumulation Period — the
period before the commencement of Annuity payments.
Annuity — payment of income in the form of a series of periodic payments (i) for life; (ii) for life with a minimum number of
payments; (iii) on a joint life basis; or (iv) for a fixed period.
Annuity Period — the period
following commencement of Annuity payments.
Company
(We, Us, Our) — Brighthouse Life Insurance Company.
Contract
— for convenience, means the Contract or Certificate (i.e., the document issued to
Participants under a master group Contract). Any reference to the Contract includes the underlying Certificate unless the context provides otherwise.
Contract Owner — the person named in
the Contract (on the specifications page). For certain group Contracts, the Contract Owner is the trustee or other entity which owns the
Contract.
Fixed Account — an account that consists of all of the assets under the Contract other than those in the Separate Account. The Fixed Account investment option is described in the prospectus for the Contract.
Participant — an individual participating under a group Contract or an eligible person who is a member in the
Plan.
Plan — for a group Contract, the plan or the arrangement used in a retirement
plan or program whereby Purchase Payments and any gains are intended to qualify under Section 401, 403, or 457 of the Internal Revenue Code.
Purchase Payments — the premium
payment(s) applied to the Contract.
Separate Account — a segregated account, the assets of which are invested solely in the Underlying Funds. The assets of the Separate Account are held exclusively for the benefit of Contract
Owners.
Underlying Fund — a portfolio of an open-end management investment company in which You may invest through the Separate Account. May also be referred to as Portfolio Company.
You,
Your — “You,” depending on the context, may be the Certificate holder, the
Participant or the Contract Owner and a natural person, a trust established for the benefit of a natural person or a charitable remainder
trust, or a Plan (or the employer
purchaser who has purchased the Contract on behalf of the Plan).
Updated Information You
Should Consider About the Contract
The information in this Updating Summary Prospectus is a summary of certain
Contract features that have changed since
the Updating Summary Prospectus dated April 28, 2025. This may not reflect all of the changes that have occurred since You entered into Your Contract.
On November 6, 2025, Brighthouse Financial, Inc. (“BHF”) and Aquarian Capital LLC (“Aquarian”) announced that they had entered into a definitive agreement under which an affiliate of Aquarian will acquire BHF. This transaction is
subject to the satisfaction or waiver of customary closing conditions, including receipt of applicable regulatory
approvals. Subject to such approvals and the satisfaction or waiver of the other conditions, the transaction is expected to be consummated in 2026.
Upon the consummation of the transaction, Aquarian will become the ultimate parent of BHF and
the Company will remain an indirect wholly-owned subsidiary of BHF. Although Aquarian will replace BHF as the Company’s ultimate parent, the Company will continue in its present role as the issuer of your contract. All of your rights and benefits under
your contract and the Company’s obligations under the contract will remain unchanged.
Founded in 2017, Aquarian Capital is a diversified global holding company with a strategic portfolio of insurance and asset
management solutions. Aquarian is headquartered in New York, NY.
Changes Affecting the Underlying Funds Trust/Investment Portfolio Reorganization. Each of the following Former Investment Portfolios has
3
been reorganized into the New Investment Portfolios of the New
Trust.
| Former
Trust/Investment Portfolio |
New Trust/Investment Portfolio |
| Legg Mason Partners Variable Equity Trust |
Lincoln Variable Insurance Products Trust |
| ClearBridge Variable Appreciation Portfolio |
LVIP ClearBridge Appreciation Fund |
| ClearBridge Variable Large Cap Growth Portfolio |
LVIP ClearBridge Large Cap Growth Fund |
| ClearBridge Variable Large Cap Value Portfolio |
LVIP ClearBridge Large Cap Value Fund |
| Former
Name |
New
Name |
| Brighthouse Funds Trust I |
Brighthouse Funds Trust I |
| SSGA Growth and Income ETF Portfolio |
State Street Moderate ETF Portfolio |
| SSGA Growth ETF Portfolio |
State Street Moderately Aggressive ETF Portfolio |
| Franklin Templeton Variable Insurance Products Trust |
Franklin Templeton Variable Insurance Products Trust |
| Templeton Developing Markets VIP Fund |
Templeton Emerging Markets VIP Fund* |
*The effective date of this name change is May 1, 2026.
4
Important Information You Should Consider About the Contract
| |
Fees, Expenses, and Adjustments |
Location in
Prospectus | |||
| Are There
Charges for Early
Withdrawals? |
Yes. If You withdraw money during the first 5 years following a Purchase
Payment, You may be assessed a withdrawal charge of 5%, as a percentage of the Purchase Payment withdrawn. For example, if You make an early withdrawal, You could pay a withdrawal charge of up to $5,000 on a $100,000 investment. This loss will be greater if there are taxes or tax penalties. |
Fee Table and
Examples Charges and
Deductions –
Withdrawal
Charge | |||
| Are There
Transaction
Charges? |
Yes. In addition to charges for early withdrawals, You may also be charged for other transactions. There may be taxes on Purchase Payments. Transfer Fee. Currently, We do
not charge for transfers. However, We reserve the right to charge
for transfers after the first 12 transfers per year. |
Fee Table and
Examples Charges and
Deductions | |||
| Are There
Ongoing Fees and
Expenses? |
Yes. The table below describes the fees and expenses that You may pay each year, depending on the investment 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. |
Fee Table and
Examples Charges and
Deductions Appendix A:
Investment
Options Available
Under the
Contract | |||
| Annual Fee |
Minimum |
Maximum | |||
| Base Contract1
|
1.29% |
1.29% | |||
| Portfolio Company fees and expenses2 |
0.27% |
1.37% | |||
| 1 As a percentage of average net assets of the Separate Account. The charge shown also
includes the Administrative Expense. 2 As a percentage of Underlying 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 withdrawal charges that substantially increase costs. | |||||
| Lowest Annual Cost
$1,425 |
Highest Annual Cost
$2,345 | ||||
| Assumes: |
Assumes: | ||||
| ●Investment of $100,000 ●5% annual appreciation ●Least expensive Portfolio Company fees and expenses ●No withdrawal charges ●No additional Purchase Payments, transfers, loans, or withdrawals |
●Investment of $100,000 ●5% annual appreciation ●Most expensive Portfolio
Company fees and expenses ●No withdrawal charges ●No additional Purchase
Payments, transfers, loans, or withdrawals | ||||
5
| |
Risks |
Location in
Prospectus | |||
| Is There a Risk of
Loss from Poor
Performance? |
Yes. You can lose money by investing in this Contract including loss of principal. |
Principal Risks of
Investing in the
Contract | |||
| Is This a
Short-Term
Investment? |
No. This Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Amounts withdrawn from the Contract may result in withdrawal charges,
taxes, and tax penalties. Withdrawal charges may apply for the first 5 years
following a Purchase Payment. Withdrawal charges will reduce the value of
Your Contract if You withdraw money during that time period. Withdrawals
could significantly reduce the value of your Contract, the death benefit, the
amount available for loans, and other Contract benefits. The
reduction may be more than the amount withdrawn.
The benefits of tax
deferral also mean the Contract is more beneficial to
investors with a long time horizon. |
Principal Risks of
Investing in the
Contract | |||
| What Are the
Risks Associated
with the
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. ●Each investment option, including the Fixed Account, has its own unique
risks. ●You should review the prospectuses for the available Underlying Funds and the prospectus disclosure concerning the Fixed Account before making an investment decision. |
Principal Risks of
Investing in the
Contract | |||
| What Are the
Risks Related to
the Insurance
Company? |
An investment in the Contract is subject to the risks related to Us. Any
obligations (including under the Fixed 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 Brighthouse Life Insurance Company, including Our financial
strength ratings, is available by contacting Us at 888-243-1968. |
Principal Risks of
Investing in the
Contract | |||
| |
Restrictions |
| |||
| Are There
Restrictions on
the Investment
Options? |
●Yes. ●Currently, We allow unlimited transfers without charge among investment options during the Accumulation Period. However, We reserve the right to impose a charge for transfers in excess of 12 per year. ●We reserve the right to limit the number of transfers in circumstances of
frequent or large transfers. At a minimum, We would always allow one
transfer every six months. ●Transfers to and from the Fixed Account are subject to special limitations,
such as Our right to limit transfers from the Fixed Account to an amount
of up to 10% of the Fixed Account Contract Value on the semiannual
Contract Date anniversary. ●Where permitted by state law, We reserve the right (with 30 days advance written notice) to restrict Purchase Payments or transfers into the Fixed
Account when the credited interest rate is equal to the minimum guaranteed interest rate specified in Your Contract. ●We reserve the right to remove or substitute the Underlying Funds that
are available as investment options under the Contract. ●If You participate through a retirement Plan, your Plan may limit your
Funding Options. |
Transfers | |||
6
| |
Restrictions |
Location in
Prospectus | |||
| Are There Any
Restrictions on
Contract Benefits? |
●Yes. ●You must select a specific Annuity option to exercise the Variable Liquidity Benefit during the Annuity Period. ●Withdrawals will reduce the value of the death benefit, perhaps
significantly. ●Withdrawals may reduce the value of an optional benefit by an amount greater than the value withdrawn, which could significantly reduce the value or even terminate the benefit. ●We may stop offering this optional benefit at any time for new sales. ●Except as otherwise provided, Contract benefits may not be modified or terminated by Us. ●The availability of benefits may vary by employer or Plan administrator. You should reference Your Plan documents or speak with Your employer or Plan administrator for the benefits available to You. ●Certain optional benefits may vary by selling firm. |
Death Benefit Payment Options
– Variable
Liquidity Benefit | |||
| |
Taxes |
| |||
| What Are the
Contract’s 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 ½. |
Federal Tax
Considerations | |||
| |
Conflicts of Interest |
| |||
| How Are
Investment
Professionals
Compensated? |
Investment professionals may receive compensation for selling this Contract
in the form of commissions, additional cash benefits (e.g., bonuses), and
non-cash compensation. This conflict of interest may influence an
investment professional to recommend this Contract over another
investment for which the investment professional is not compensated or
compensated less. |
Other
Information –
Distribution of
the Contracts | |||
| Should I
Exchange My
Contract? |
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, and any fees or penalties to terminate the
existing contract, that it is better for You to purchase the new
contract rather than continue to own Your existing
contract. |
Other Information – Exchanges | |||
7
Appendix A
Investment Options Available Under the Contract
The following is a list of Underlying Funds under the
Contract. More information about the
Underlying Funds is available in the
prospectuses for the Underlying Funds, which may be amended from time to time and can be found online at https://dfinview.com/BHF/PUFT/BHF64. You can
also request this information at no cost by calling (833) 208-3018 or sending an email request to
[email protected]. Availability of Underlying Funds may vary by employer or Plan administrator. You should reference Your
Plan documents or speak with Your employer or Plan administrator for
the Underlying Funds available to You.
The current expenses and performance information below reflects fees and expenses of the
Underlying Funds, but do not reflect the
other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Underlying Fund’s past performance is not necessarily an indication of future performance.
| Investment Objectives |
Portfolio Company and
Adviser/Sub-Adviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/2025) | ||
| 1
Year |
5
Year |
10
Year | |||
| Seeks to maximize total
return, consistent with
income generation and
prudent investment
management. |
BlackRock High Yield Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: BlackRock Financial
Management, Inc. |
0.63% |
9.15% |
4.94% |
6.62% |
| Seeks growth of capital. |
Brighthouse Asset Allocation 100 Portfolio — Class
B‡ Brighthouse Investment Advisers, LLC |
0.96% |
17.06% |
8.63% |
10.70% |
| Seeks long-term capital
appreciation. |
Brighthouse Small Cap Value Portfolio — Class B# Brighthouse Investment Advisers, LLC Subadviser: Allspring Global
Investments, LLC |
1.03% |
-3.21% |
6.43% |
8.07% |
| Seeks long-term capital
appreciation. |
Brighthouse/Wellington Large Cap Research Portfolio —
Class E# Brighthouse Investment Advisers, LLC
Subadviser: Wellington Management Company LLP |
0.69% |
15.74% |
12.14% |
13.45% |
| 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 |
0.66% |
7.11% |
4.30% |
4.22% |
| Seeks long-term capital
appreciation. |
Harris Oakmark International Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Harris Associates L.P.
|
0.72% |
33.17% |
6.72% |
7.01% |
| Seeks capital growth and
income. |
Invesco Comstock Portfolio — Class B# Brighthouse Investment Advisers, LLC Subadviser: Invesco Advisers, Inc.
|
0.81% |
17.31% |
15.15% |
11.83% |
| Seeks capital appreciation. |
Invesco Global Equity Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Invesco Advisers, Inc.
|
0.58% |
15.88% |
7.56% |
11.28% |
A-1
| Investment Objectives |
Portfolio Company and
Adviser/Sub-Adviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/2025) | ||
| 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.
|
0.74% |
6.17% |
-0.66% |
9.27% |
| Seeks long-term capital
growth. |
JPMorgan Small Cap Value Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: J.P. Morgan Investment
Management Inc. |
0.79% |
12.48% |
9.93% |
9.09% |
| Seeks high total investment
return through a
combination of capital
appreciation and income. |
Loomis Sayles Global Allocation Portfolio — Class
A# Brighthouse Investment Advisers, LLC Subadviser: Loomis, Sayles & Company,
L.P. |
0.79% |
12.94% |
6.52% |
9.50% |
| Seeks long-term growth of
capital. |
Loomis Sayles Growth Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Loomis, Sayles & Company,
L.P. |
0.55% |
15.21% |
15.06% |
14.19% |
| Seeks capital appreciation. |
MFS® Research International Portfolio — Class B# Brighthouse Investment Advisers, LLC Subadviser: Massachusetts Financial
Services Company |
0.81% |
22.41% |
5.54% |
7.57% |
| 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 |
1.13% |
7.93% |
1.40% |
3.35% |
| Seeks maximum total
return, consistent with the
preservation of capital and
prudent investment
management. |
PIMCO Total Return Portfolio — Class B# Brighthouse Investment Advisers, LLC Subadviser: Pacific Investment
Management Company LLC |
0.83% |
8.90% |
-0.07% |
2.30% |
| Seeks growth of capital and
income. |
State Street Moderate ETF Portfolio — Class B‡ Brighthouse Investment Advisers, LLC Subadviser: SSGA Funds Management,
Inc. |
0.75% |
16.78% |
7.19% |
7.85% |
| Seeks growth of capital. |
State Street Moderately Aggressive ETF Portfolio — Class
B‡ Brighthouse Investment Advisers, LLC
Subadviser: SSGA Funds Management, Inc. |
0.78% |
19.23% |
9.01% |
9.31% |
| 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 B# Brighthouse Investment Advisers, LLC Subadviser: T. Rowe Price Associates,
Inc. |
0.78% |
12.05% |
10.28% |
10.09% |
A-2
| Investment Objectives |
Portfolio Company and
Adviser/Sub-Adviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/2025) | ||
| 1
Year |
5
Year |
10
Year | |||
| 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 E†† Brighthouse Investment Advisers, LLC Subadviser: T. Rowe Price Associates,
Inc. |
0.68% |
12.16% |
10.39% |
10.20% |
| 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
|
0.38% |
7.95% |
-0.17% |
2.38% |
| Seeks long-term growth of
capital. |
BlackRock Capital Appreciation Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: BlackRock Advisors, LLC
|
0.56% |
13.19% |
11.07% |
15.80% |
| 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
|
0.37% |
4.15% |
3.09% |
2.10% |
| Seeks a high level of current
income, with growth of
capital as a secondary
objective. |
Brighthouse Asset Allocation 20 Portfolio — Class B#‡ Brighthouse Investment Advisers, LLC |
0.93% |
9.25% |
2.06% |
3.97% |
| 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 B‡ Brighthouse Investment Advisers, LLC |
0.91% |
11.50% |
3.84% |
5.69% |
| 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 B‡ Brighthouse Investment Advisers, LLC |
0.91% |
13.77% |
5.55% |
7.47% |
| Seeks growth of capital. |
Brighthouse Asset Allocation 80 Portfolio — Class B‡ Brighthouse Investment Advisers, LLC |
0.93% |
15.63% |
7.18% |
9.22% |
| Seeks long-term capital
appreciation with some
current income. |
Brighthouse/Wellington Balanced Portfolio — Class
A Brighthouse Investment Advisers, LLC Subadviser: Wellington Management
Company LLP |
0.52% |
12.67% |
7.45% |
9.41% |
| 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 |
0.62% |
7.83% |
8.29% |
10.73% |
| Seeks maximum capital
appreciation. |
Frontier Mid Cap Growth Portfolio — Class D# Brighthouse Investment Advisers, LLC Subadviser: Frontier Capital Management
Company, LLC |
0.79% |
5.08% |
3.68% |
10.04% |
A-3
| Investment Objectives |
Portfolio Company and
Adviser/Sub-Adviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/2025) | ||
| 1
Year |
5
Year |
10
Year | |||
| Seeks long-term growth of
capital. |
Jennison Growth Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Jennison Associates LLC
|
0.54% |
14.04% |
10.28% |
16.71% |
| 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 |
0.26% |
7.04% |
-0.64% |
1.75% |
| 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 |
0.30% |
7.19% |
8.81% |
10.43% |
| 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 |
0.37% |
31.02% |
8.62% |
8.04% |
| 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 |
0.30% |
12.66% |
5.99% |
9.55% |
| 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 |
0.27% |
17.59% |
14.13% |
14.53% |
| Seeks a favorable total
return through investment
in a diversified portfolio. |
MFS® Total Return Portfolio — Class F# Brighthouse Investment Advisers, LLC Subadviser: Massachusetts Financial
Services Company |
0.82% |
10.89% |
6.20% |
7.44% |
| Seeks capital appreciation. |
MFS® Value Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Massachusetts Financial
Services Company |
0.58% |
13.29% |
10.11% |
10.27% |
| 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 |
0.81% |
-4.57% |
2.86% |
9.12% |
| Seeks long-term growth of
capital. |
T. Rowe Price Large Cap Growth Portfolio — Class
B#† Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates, Inc. |
0.81% |
15.45% |
9.37% |
14.10% |
| Seeks long-term capital
growth. |
T. Rowe Price Small Cap Growth Portfolio — Class
B Brighthouse Investment Advisers, LLC Subadviser: T. Rowe Price Associates,
Inc. |
0.76% |
10.00% |
5.48% |
10.60% |
A-4
| Investment Objectives |
Portfolio Company and
Adviser/Sub-Adviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/2025) | ||
| 1
Year |
5
Year |
10
Year | |||
| 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 |
0.57% |
9.07% |
1.42% |
4.03% |
| 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% |
7.07% |
0.59% |
1.82% |
| Seeks long-term capital
appreciation. |
Contrafund® Portfolio — Service Class 2
Fidelity Management & Research Company
LLC Subadviser: FMR UK, FMR HK, and FMR Japan |
0.79% |
21.24% |
15.08% |
15.49% |
| 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 |
0.46% |
19.02% |
12.51% |
11.60% |
| Seeks a high level of current
income, while also
considering growth of
capital. |
High Income Portfolio — Initial Class#† Fidelity Management & Research Company LLC
Subadviser: FMR UK, FMR HK, and FMR Japan |
0.81% |
10.36% |
4.22% |
5.59% |
| Seeks long-term growth of
capital. |
Mid Cap Portfolio — Service Class 2
Fidelity Management & Research Company
LLC Subadviser: FMR UK, FMR HK, and FMR Japan |
0.80% |
11.49% |
9.83% |
10.31% |
| Seeks long-term capital
growth. |
Franklin Small-Mid Cap Growth VIP Fund — Class 2† Franklin Advisers, Inc. |
1.09% |
2.52% |
1.03% |
9.89% |
| Seeks long-term capital
appreciation. |
Templeton Emerging Markets VIP Fund — Class 2^^ Templeton Asset Management Ltd. Subadviser: Franklin Templeton
Investment Management Limited |
1.37% |
46.27% |
5.46% |
10.40% |
| Seeks long-term capital
growth. |
Templeton Foreign VIP Fund — Class 2# Templeton Investment Counsel, LLC |
1.08% |
29.19% |
8.25% |
5.75% |
| Seeks long-term growth of
capital. |
Janus Henderson Overseas Portfolio — Service Shares
Janus Henderson Investors US LLC |
0.96% |
28.58% |
9.17% |
8.97% |
A-5
| Investment Objectives |
Portfolio Company and
Adviser/Sub-Adviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/2025) | ||
| 1
Year |
5
Year |
10
Year | |||
| Seeks capital appreciation. |
ClearBridge Variable Growth Portfolio — Class I Legg Mason
Partners Fund Advisor, LLC Subadviser: ClearBridge Investments, LLC |
0.87% |
13.32% |
5.24% |
7.47% |
| Seeks long-term growth of
capital. |
ClearBridge Variable Small Cap Growth Portfolio — Class
I Legg Mason Partners Fund Advisor, LLC Subadviser: ClearBridge Investments,
LLC |
0.81% |
9.23% |
-0.17% |
9.38% |
| Seeks long-term capital
appreciation. |
LVIP ClearBridge Appreciation Fund — Class I# Legg Mason Partners Fund Advisor, LLC Subadviser: ClearBridge Investments,
LLC |
0.70% |
14.50% |
12.72% |
13.34% |
| Seeks long-term growth of
capital. |
LVIP ClearBridge Large Cap Growth Fund — Class I# Legg Mason Partners Fund Advisor, LLC Subadviser: ClearBridge Investments,
LLC |
0.74% |
8.62% |
10.57% |
14.46% |
| Seeks long-term growth of
capital as its primary
objective. Current income
is a secondary objective. |
LVIP ClearBridge Large Cap Value Fund — Class I# Legg Mason Partners Fund Advisor, LLC Subadviser: ClearBridge Investments,
LLC |
0.72% |
10.20% |
10.11% |
10.01% |
#
Certain Underlying Funds and their investment advisers
have entered into temporary expense reimbursements and/or fee waivers, which are reflected in the Current Expenses. Please see the Underlying Funds' prospectuses for additional information regarding these arrangements.
‡
This Underlying Fund is a fund of funds and invests substantially all of its assets in other underlying funds. Because the Underlying Fund invests in other funds,
it will bear its pro rata portion of the operating expenses of those underlying funds, including the management fee.
†
This Underlying Fund is only available for Contracts issued prior to 1/31/2007.
††
Closed to new investments except under dollar cost averaging and rebalancing programs in existence
at the time of closing.
^^
Until May 1, 2026, the
name of this Underlying Fund is Templeton Developing Markets VIP Fund.
The following lists the Fixed Account option currently available under the
Contract. The Fixed Account listed below will also be used if You participate in the DCA Program and instruct Us to make
transfers to or from the Fixed
Account. We may change the features of the Fixed Account listed below, offer new Fixed
Account investment options, and terminate existing Fixed Account investment options. We will provide You with written notice before doing so. Availability of the Fixed Account may vary by
employer or Plan Administrator. You should reference Your Plan documents or speak with Your employer or
Plan Administrator for the investment options available to You.
| Name |
Guaranteed Minimum Interest Rate |
| Fixed Account |
3.5% |
A-6
The prospectus and statement of
additional information ("SAI") include additional information. The prospectus
and SAI are dated the same as this summary prospectus and are incorporated
by reference. The prospectus and SAI are available, without charge, upon request. For a free copy, call us
at (833) 208-3018 or send an email request to [email protected]. You can also access the prospectus,
SAI and other information about the Contract online at https://dfinview.com/BHF/PUFT/BHF64.
Reports and other
information about the Separate Account are available on the SEC’s website at http://www.sec.gov, and copies of this information may
be obtained, upon payment of a duplicating fee, by electronic request at the following email address:
[email protected].
EDGAR Contract Identifier No. is C000068739
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