Form 497VPU METROPOLITAN LIFE SEPARA
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E-mailApril 27,
2026
Updating Summary Prospectus For Investors in VESTMET Group and
Individual Annuity Contracts
Issued by Metropolitan Life Separate Account E of Metropolitan Life Insurance Company
This Updating Summary Prospectus includes updating information about individual and group flexible premium VestMet contracts (the “Contracts”) issued by Metropolitan Life Insurance Company ( “MetLife,” ” the “Company,” “we,” “us” or
“our").
There are variations of the VestMet Contract described in this Prospectus. There are three versions of the Contract referred to as the Variable Retirement Account 1 ("VAR 1"), Variable Retirement Account 2 ("VAR 2") and Variable Retirement Account 3 ("VAR 3," and together with VAR 1 and VAR 2, the "VAR Contracts"). There is also a version of the Contract referred to as an "Enhanced Contract." Unless otherwise noted, the term "Contracts" includes VAR Contracts and Enhanced Contracts.
The Prospectus for the Contracts contains more information about the Contracts, including features, benefits, and risks. You can find the current Prospectus and other information about the Contracts online at https://dfinview.com/metlife/PUFT/MET000205. You can also obtain this information at no cost by calling your Designated Office at (800) 560-5001, or
by sending an email request to [email protected]. Not all Portfolios are available under all Contracts and You should refer to your Contract and other
information provided to you for a list of available Portfolios.
Additional information about certain investment products, including variable annuity contracts, has been prepared by the Securities and Exchange Commission’s staff and is available at Investor.gov.
We do not guarantee how any of the Divisions or Portfolios will perform. Interests in the Separate Account, the Portfolios and the Fixed Interest Account are not deposits or obligations of, or insured or guaranteed by, the U.S. Government, any bank or other depository institution including the Federal Deposit Insurance Corporation ("FDIC"), the Federal Reserve Board or any other agency or entity or person. MetLife’s obligations under the Contract are subject to its financial strength and claims-paying ability.
The Securities and Exchange Commission (“SEC”) has not approved or disapproved the Contract or determined that this Prospectus is adequate or complete. Any representation to the contrary is a criminal offense.
UPDATED INFORMATION ABOUT YOUR
CONTRACT
The
information in this Updating Summary Prospectus is a summary of certain Contract features
that have changed since You last received the Prospectus dated April 28, 2025. This may not reflect all of the changes that have
occurred since You entered into your
Contract:
●
For changes in the names of certain Portfolios and any other changes to the Portfolios please refer to Appendix A.
●
For updated Portfolio expense information please refer to "Important Information You Should Consider About
the
Contract" and Appendix A.
●
For updated Portfolio performance information please refer to Appendix A.
IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACT
| |
FEES, EXPENSES AND ADJUSTMENTS |
LOCATION IN
PROSPECTUS | ||
| Are there Charges or
Adjustments for Early
Withdrawals? |
Yes. If You withdraw money from the Contract before 8 years following your Contract effective date, You may be assessed a Withdrawal Charge (sometimes referred to herein as a “surrender
charge”) of up to 7% of the amount withdrawn. This Withdrawal
Charge doesn't apply to the Enhanced Contracts or the VAR
Contracts and is currently being waived for all other
Contracts. For example, if You make an early withdrawal,
You could pay a Withdrawal Charge of up to $7,000 on a
$100,000 withdrawal. |
Fees | ||
| Are there Transaction
Charges? |
No. There are no transaction charges, other than the VAR Contracts,
which may have assessed a charge for certain transactions, such as
when You make a purchase payment, assign a portion of
your Contract, receive an income payment or make a
withdrawal. All of these charges are currently being
waived. |
Fees | ||
3
| |
FEES, EXPENSES AND ADJUSTMENTS |
LOCATION IN
PROSPECTUS | ||
| Are there Ongoing Fees
and Expenses? |
Yes. The table below describes the fees and expenses that You may pay each year. 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. |
Fees | ||
| Annual Fee |
Minimum |
Maximum | ||
| Base Contract (varies by Contract
class) |
1.01%(1) |
1.56%(1) | ||
| Portfolio fees and expenses |
0.28%(2) |
0.76%(2) | ||
| (1)
Account. The Base Contract Fee includes 0.06% for the Annual
Contract Charge. Once each calendar year, we will deduct
a $15 Annual Contract Charge from your Separate Account
value and a $15 Annual Contract Charge from your Fixed
Interest Account (other than for the VAR contracts). In
addition, if your entire Contract Value is withdrawn to
make payment to You or to another funding vehicle, the
amount withdrawn will be reduced by the amount of any
unpaid Annual Contract Charge before we make a payment.
The Annual Contract Charge deduction from the Separate
Account will be divided equally among the Divisions in
which You are participating when the deduction is made.
The Annual Contract Charge will be prorated for each
month, or part of a month, in which You have Contract
Value. For certain Enhanced Contracts, the Employer may
pay all or part of the Annual Contract Charge. The
administrative fees for the VAR Contracts are currently waived.
If not waived, the administrative fees would be $2.00
per month for VAR 2 contracts and $6.00 per year for VAR
3 contracts. (2)
| ||||
| |
Because your Contract is customizable, the choices You make affect
how much You will pay. To help 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, if
we were not waiving Withdrawal Charges. |
Fees | ||
| Lowest Annual Cost: |
Highest Annual Cost: | |||
| $1,218 |
$2,092 | |||
| Assumes:
●Investment of $100,000 ●5% annual appreciation
●Least expensive combination of Portfolio fees and expenses ●No additional purchase
payments, transfers or
withdrawals |
Assumes:
●Investment of $100,000 ●5% annual appreciation
●Most expensive combination of Portfolio fees and expenses ●No additional purchase
payments, transfers or
withdrawals | |||
| |
RISKS |
LOCATION IN
PROSPECTUS | ||
| Is there a Risk of Loss from Poor Performance? |
Yes. You can lose money by investing in the Contract, including loss
of principal. |
Principal Risks of Investing in the Contract | ||
4
| |
RISKS |
LOCATION IN
PROSPECTUS | ||
| 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 surrender
charges, tax and tax penalties.
●We are waiving all Withdrawal Charges. If we were to stop waiving
Withdrawal Charges, such charges would reduce the value of your
Contract if You withdraw money during an applicable
Withdrawal Charge period.
●The benefits of tax deferral mean that the Contract is more beneficial to investors with a long time horizon. ●Earnings on your Contract are taxed at ordinary income tax
rates when You withdraw them. You may also have to pay a
penalty if You take a withdrawal before age 59 1∕2. |
Principal Risks of
Investing in the Contract | ||
| What are the Risks
Associated with
Investment Options? |
●An investment in the 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., Portfolios). ●Each investment option (including any Fixed Interest Account
investment option) will have its own unique
risks. ●You should review these investment options before making an investment decision. ●Subject to certain limitations, if your Contract Value falls
below the minimum Contract Value or is not sufficient to
pay the Contract charges, we may terminate your
Contract. |
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 the
Company. Any obligations (including under any Fixed
Interest Account), guarantees, and benefits, including
any death benefit are subject to the claims-paying
ability of the Company, and our long term ability to make
such payments, and are not guaranteed by any other party.
MetLife is regulated as an insurance company under state
law, which generally includes limits on the amount and type of investments in its general account. However, there is not a guarantee that we will be able to meet our claims paying obligations;
there are risks to purchasing any insurance product. More
information about the Company, including its financial strength
ratings, is available upon request by visiting
https://
www.metlife.com/about-us/corporate-profile/ratings |
Principal Risks of
Investing in the Contract | ||
| |
RESTRICTIONS |
LOCATION IN
PROSPECTUS | ||
| Are There Restrictions
on the Investment
Options? |
Yes. Withdrawals or transfers must be at least $250 (or the entire balance in a Division, if less). You may make 12 transfers each
calendar year (including transfers from the Fixed Interest Account
to the Separate Account). We reserve the right to add,
remove or substitute Portfolios. The Company also has
policies and procedures that attempt to detect and deter
frequent transfers in situations where we determine there
is a potential for arbitrage trading, and in those
instances, there are additional limits that apply to transfers. |
Withdrawals and
Transfers | ||
| Are there any
Restrictions on
Contract Benefits? |
No. |
| ||
5
| |
TAXES |
LOCATION IN
PROSPECTUS | ||
| What are the Contract's
Tax Implications? |
●You should consult with a tax professional to determine the tax
implications of an investment in and purchase payments received
under the Contract.
●There is no additional tax benefit if You purchase the Contract
through a tax-qualified plan or individual retirement account
(IRA).
●If your Contract was purchased through a tax-qualified plan or IRA, withdrawals will be subject to ordinary income tax. If your
Contract is not tax-qualified, earnings on your Contract will be
subject to ordinary income tax when You withdraw them.
You may also have to pay a penalty if You take a
withdrawal before age 59 1∕2. |
Federal Tax
Considerations | ||
| |
CONFLICTS OF INTEREST |
LOCATION IN
PROSPECTUS | ||
| How are Investment
Professionals
Compensated? |
Your investment professional may receive compensation for selling
this Contract to You, both in the form of commissions and
because MetLife may share the revenue it earns on this
Contract with the professional’s firm. This
conflict of interest may influence your investment
professional to recommend this Contract over another
investment. |
Distribution of the
Contracts | ||
| Should I Exchange My
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 your Contract 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. |
Exchanges/Transfers | ||
6
APPENDIX A: INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT
The following is a list of Portfolios available. More information about the Portfolios Companies is available in the prospectuses for the Portfolios, which may be amended from time to time and can be found online at
https://dfinview.com/metlife/PUFT/MET000205. You can also request this information at no
cost by calling (800) 560-5001, by sending an email request to [email protected], or through your registered representative. Not all Portfolios are available under all Contracts. You
should refer to your Contract and other information provided to you for the portfolios available under your Contract. For the VAR Contracts the only portfolio available
is the Brighthouse/Wellington Large Cap Research Portfolio.
The current expenses and performance information below reflects fees and expenses of the Portfolios, 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 Portfolio’s past performance is not necessarily an indication of future performance.
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||
| US Fixed Income |
BlackRock Bond Income Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: BlackRock Advisors, LLC |
0.38% |
7.95% |
-0.17% |
2.38% |
| US Fixed Income |
BlackRock Ultra-Short Term Bond Portfolio* -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: BlackRock Advisors, LLC |
0.37% |
4.15% |
3.09% |
2.10% |
| Allocation |
Brighthouse/Wellington Balanced Portfolio -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: Wellington Management Company
LLP |
0.52% |
12.67% |
7.45% |
9.41% |
| US Equity |
Brighthouse/Wellington Large Cap Research
Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Wellington Management Company
LLP |
0.54% |
15.91% |
12.30% |
13.62% |
| US Equity |
Frontier Mid Cap Growth Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Frontier Capital Management
Company, LLC |
0.69% |
5.16% |
3.79% |
10.15% |
| US Equity |
MetLife Stock Index Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment Management,
LLC |
0.27% |
17.59% |
14.13% |
14.53% |
*
The Portfolio is subject to an expense reimbursement or fee waiver arrangement. The
annual expenses shown reflect temporary fee reductions.
A-1
Fixed Option
The following is information on the Fixed Interest Account currently available
under the Contract, except for the VAR Contracts. The Fixed Interest Account is not available to the VAR Contracts. We reserve the right to restrict purchase payments and transfers to the Fixed Interest Account when the yield on investments is not expected to support the Minimum Guaranteed Interest Rate. We will provide you with written notice before doing so.
| Name |
Term |
Minimum Guaranteed
Interest Rate |
| Fixed Interest Account |
Initial Interest Rate Term: begins on each calendar quarter and will be credited from the date amounts are allocated to the Fixed Interest Account until the last day of the same calendar quarter of the following year. Renewal Rate Term: 12 months |
3% |
A-2
This Updating
Summary Prospectus incorporates by reference all of the information contained in the Prospectus and the Statement of Additional Information, which are dated the same date
as this Updating Summary Prospectus, and which are legally part of this Updating Summary Prospectus. You can obtain the Prospectus and Statement of Additional Information, without charge, by calling
your Designated Office at (800) 560-5001, by going online at
https://dfinview.com/metlife/PUFT/MET000205, or by sending an email request to
[email protected]. For Division transfers and purchase payment reallocations, for current information about your Contract Values, to change or update Contract information such as your billing address, billing mode, Beneficiary or ownership, for information about other Contract transactions, and to ask questions about your Contract, You may call your Designated Office at (800) 560-5001.
Managing your annuity contract just got easier. We’re excited to share our
enhanced website with You. Login or register today at online.metlife.com
and enjoy a more convenient way to manage your contract and sign-up for eDelivery!
EDGAR ID: C000003505
April 27,
2026
Updating Summary Prospectus For Investors in Preference Plus® Account Variable Annuity Contracts (APPA)
Issued by Metropolitan Life Separate Account E of Metropolitan Life Insurance Company
This Updating Summary Prospectus includes updating information about individual and group Preference Plus Account Contracts for deferred variable annuities (“Deferred Annuities”) and Preference Plus
immediate variable income annuities (“Income Annuities”) (the Deferred Annuities and Income Annuities are also referred to herein as the "Contract") issued by
Metropolitan Life Insurance Company ( “MetLife” ,” the
“Company,” “we,” “us” or “our”).
The
Prospectus for the Contracts contains more information about the Contracts, including features, benefits, and risks. You can find the current Prospectus and other information about the Contracts online at
https://dfinview.com/metlife/PUFT/MET000200. You can also obtain this information at no cost by calling our Administrative Office at (800) 560-5001, or by sending an email request to [email protected]. As noted in Appendix A below, if your annuity was issued in connection with an employer plan, not all
Portfolios are available under all Contracts and You should ask your employer for a list of available Portfolios.
Additional information about certain investment products, including variable annuity contracts, has been prepared by the Securities and
Exchange Commission’s staff and is available at Investor.gov.
We do not guarantee how any of the Divisions or Portfolios will perform. Interests in the Separate Account, the Portfolios and the Fixed Interest Account are not deposits or obligations of, or insured or guaranteed by, the U.S. Government, any bank or other depository institution including the Federal Deposit Insurance Corporation (“FDIC”), the Federal Reserve Board or any other agency or person. MetLife’s obligations under the Contract are subject to its financial strength and claims-paying ability.
The Securities and Exchange Commission (“SEC”) has not approved or disapproved the Contractor determined that this Prospectus is adequate or complete. Any representation to the contrary is a criminal offense.
UPDATED INFORMATION ABOUT YOUR
CONTRACT
The
information in this Updating Summary Prospectus is a summary of certain Contract features
that have changed since You last received the Prospectus dated April 28, 2025. This may not reflect all of the changes that have
occurred since You entered into your
Contract:
●
For changes in the names of certain Portfolios and any other changes to the Portfolios please refer to Appendix A.
●
For updated Portfolio expense information please refer to "Important Information You Should Consider About
the
Contract" and Appendix A.
●
For updated Portfolio performance information please refer to Appendix A.
IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACT
| |
FEES, EXPENSES AND ADJUSTMENTS |
LOCATION IN
PROSPECTUS | ||
| Are there Charges or
Adjustments for Early
Withdrawals? |
Yes. Withdrawal charges are calculated as a percentage of each purchase payment funding the withdrawal during the pay-in phase.
An Early Withdrawal Charge of up to 7% may be assessed on any
such purchase payment paid less than 8 years before the
date of the withdrawal.
For example, if you purchase the Contract for $100,000 and
surrender your Contract during the first year, You will pay an Early
Withdrawal Charge of up to $7,000. |
Fees | ||
| Are there Transaction
Charges? |
No. We do not charge a fee for transfers of Account Value among Divisions or between the Divisions and the Fixed Interest Account. |
Fees | ||
| Are there Ongoing Fees
and Expenses? |
Yes. 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 investment options You have elected. |
Fees | ||
| Annual Fee |
Minimum |
Maximum | ||
| Base Contract |
1.29%(1) |
1.29%(1) | ||
| Portfolio fees and expenses |
0.27%(2) |
1.28%(2) | ||
| (1)
Account. The Base Contract Fee includes 0.04% for the Annual
Contract Fee. For the Non-Qualified, Traditional IRA,
Roth IRA and SEP Deferred Annuities, You pay a $20 annual fee from the
Fixed Interest Account at the end of each Contract Year if your
Account Value is less than $20,000 and You are not enrolled in an automatic payment program. For the SIMPLE IRA Deferred Annuity, You pay a $20 annual fee from the Fixed Interest Account at the end of each Contract Year if your Account Value is less than $20,000 and You do not make a purchase payment during the Contract Year. (2) | ||||
3
| |
FEES, EXPENSES AND ADJUSTMENTS |
LOCATION IN
PROSPECTUS | ||
| |
Because your Contract is customizable, the choices You make affect
how much you will pay. To help 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 Early Withdrawal Charges that substantially
increase costs. |
Fees | ||
| Lowest Annual Cost: |
Highest Annual Cost: | |||
| $1,455 |
$2,292 | |||
| Assumes:
●Investment of $100,000 ●5% annual appreciation
●Least expensive combination of Portfolio fees and expenses ●No optional benefits
●No sales charges ●No additional purchase
payments, transfers or
withdrawals |
Assumes:
●Investment of $100,000 ●5% annual appreciation
●Most expensive combination of Portfolio fees and expenses ●No sales charges
●No additional purchase payments, transfers or withdrawals | |||
| |
RISKS |
LOCATION IN
PROSPECTUS | ||
| Is there a Risk of Loss
from Poor
Performance? |
Yes. You can lose money by investing in the 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 surrender
charges, tax and tax penalties.
●Early Withdrawal Charges may apply for up to 8 years following each purchase payment. Early Withdrawal Charges will reduce the
value of your Contract if you withdraw money during that time.
●The benefit of tax deferral means that the Contract is more beneficial to investors with a long time horizon. ●Earnings on your Contract are taxed at ordinary income tax rates
when You withdraw them. You may also have to pay a penalty if
You take a withdrawal before age
59 1∕2. |
Principal Risks of
Investing in the Contract | ||
| What are the Risks
Associated with the
Investment Options? |
●An investment in the 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., Portfolios).
●Each investment option (including the Fixed Interest Account investment option) will have its own unique risks. ●You should review these investment options before making an investment decision. ●Subject to certain limitations, if your Account Value falls
below the minimum Account Value or is not sufficient to
pay the Contract charges, we may terminate your Deferred
Annuity. |
Principal Risks of Investing in the Contract | ||
4
| |
RISKS |
LOCATION IN
PROSPECTUS | ||
| What are the Risks
Related to the
Insurance Company? |
An investment in the Contract is subject to the risks related to the
Company. Any obligations (including under the Fixed Interest
Account), guarantees, or benefits, including any death
benefit, are subject to the claims-paying ability of the
Company, and our long term ability to make such payments,
and are not guaranteed by any other party. MetLife is regulated as an insurance company under
state law, which generally includes limits on the amount and type of
investments in its general account. However, there is no
guarantee that we will be able to meet our claims paying
obligations; there are risks to purchasing any insurance
product. More information about the Company, including
its financial strength ratings, is available upon request
by visiting https://www.metlife.com/about-us/ corporate-profile/ratings. |
Principal Risks of
Investing in the Contract | ||
| |
RESTRICTIONS |
LOCATION IN
PROSPECTUS | ||
| Are there Restrictions
on the Investment
Options? |
Yes. We do not charge a fee for transfers of Account Value among Divisions or between the Divisions and the Fixed Interest Account.
Some benefits impose restrictions and limitations on your choice of
Portfolios. The restrictions and requirements could
result in You missing out on some or all positive
investment performance by certain Portfolios. This means
your opportunity for investment gains may be limited. We
may change these restrictions in the future. We reserve
the right to add, remove or substitute Portfolios. The
Company also has policies and procedures that attempt to
detect and deter frequent transfers in situations where we
determine there is a potential for arbitrage trading, and
in those instances, there are additional limits that
apply to transfers. |
Transfers | ||
| Are There any
Restrictions on
Contract Benefits? |
No. |
| ||
| |
TAXES |
LOCATION IN
PROSPECTUS | ||
| What are the Contract’s
Tax Implications? |
●You should consult with a tax professional to determine the tax
implications of an investment in and purchase payments
received under the Contract.
●There is no additional tax benefit if You purchase the Contract through a tax-qualified plan or individual retirement account (IRA). ●If your Contract was purchased through a tax-qualified plan
or IRA, withdrawals will be subject to ordinary income
tax. If your Contract is not tax-qualified, earnings on
your Contract will be
subject to ordinary income tax when You withdraw them. You may
also have to pay a penalty if You take a withdrawal before age
59 1∕2. |
Federal Tax
Considerations | ||
| |
CONFLICTS OF INTEREST |
LOCATION IN
PROSPECTUS | ||
| How are Investment
Professionals
Compensated? |
Your investment professional may receive compensation for selling
this Contract to You, both in the form of commissions and because
MetLife may share the revenue it earns on this Contract with the professional’s firm. This conflict of interest may influence your
investment professional to recommend this Contract over another
investment. |
Who Sells the Deferred Annuities and Income Annuities | ||
5
| |
CONFLICTS OF INTEREST |
LOCATION IN
PROSPECTUS | ||
| Should I Exchange My
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 your Contract 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. |
Exchanges/Transfers | ||
6
IMPORTANT TERMS YOU SHOULD KNOW
Account Value, Account Balance or Contract Value — When
You purchase a Deferred Annuity, an account is set up for You. Your Account Value (also referred to as Account Balance or Contract Value) is the total amount of money in your Deferred Annuity including money in the Divisions of the Separate Account
and the Fixed Interest Account.
Accumulation Unit Value — With a Deferred Annuity, money paid-in or transferred into a Division of the Separate Account is credited to
You in the form of Accumulation Units. Accumulation Units are established for each
Division. We determine the value of these Accumulation Units as of the close of the
Exchange each day the Exchange is open for
regular trading. The Exchange usually closes at 4 p.m. Eastern Time but may close earlier
or later. The values increase or decrease based on the investment performance of the corresponding underlying Portfolios. In addition to the investment performance of the Portfolios, the deduction of the Separate Account charge also affects a Division’s Accumulation Unit Value.
Administrative Office — Our Administrative Office varies based on the type of service request or
transaction that you are making. The most recent correspondence or quarterly statement sent to you will have the address and telephone number that you can use to contact us for specific transactions and requests. We will notify you if there are changes to this information.
Annuitant – The natural person whose life is the measure for determining the
duration and the dollar amount of income payments, sometimes referred to as the measuring life.
Annuity Unit Value — With a variable Pay-Out Option, the money paid-in or reallocated into a Division of the Separate
Account is held in the form of Annuity Units. Annuity Units are established for each Division. We determine the value of these Annuity Units as of the close of the Exchange each day the Exchange is
open for regular trading. The Exchange usually closes at 4 p.m. Eastern Time but may close earlier or later. The values increase or decrease
based on the investment performance of the corresponding underlying Portfolios, the experience factor for the current valuation period, the daily AIR factor and the
Separate Account charge.
Assumed Investment Return (AIR) — Under an Income Annuity or variable Pay-Out Option, the AIR is the assumed percentage rate of return used to determine the amount of the first variable income
payment. The AIR is also the benchmark that is used to calculate the investment performance of a given Division to determine all subsequent payments to
You.
Beneficiary – The person or persons designated to receive any benefits
under a Contract if an Owner or Annuitant, as applicable, dies.
Contract — A Contract is the legal
agreement between You and MetLife or between
MetLife and the employer, plan trustee or other entity, or the certificate issued to You under a group annuity contract. The Contract contains relevant provisions of your Deferred Annuity or Income Annuity.
Contract Owner — The person(s) or entity entitled to ownership rights under this Contract. If Joint Owners are named, all references to Contract Owner shall mean Joint Owners.
Contract Year — Generally, the Contract
Year for a Deferred Annuity is the period ending on the last day of the month in which the
anniversary of when we issued the annuity occurs and each following 12-month period.
Deferred Annuity — This term is used throughout this Prospectus when we are referring to the Deferred
Annuities.
7
Divisions — Divisions are subdivisions of the Separate Account. When
You allocate a purchase payment, transfer money or make reallocations of your Account Balance to a Division, the Division purchases shares of a Portfolio (with the same name).
Early Withdrawal Charge — The Early Withdrawal
Charge is an amount we deduct from your Account Value if You
withdraw money prematurely from a Deferred Annuity. This charge is often referred to as a deferred sales load or back-end sales load.
Exchange — The New York Stock
Exchange is referred to as the “Exchange.”
Good Order — A request or transaction generally is considered in “Good Order” if it complies with our administrative procedures, and the required information is complete and
accurate. A request or transaction may be rejected or delayed if not in Good Order. Good Order generally
means the actual receipt by our Administrative Office of the instructions relating to the requested transaction in writing (or, when permitted, by telephone, facsimile (also referred to as “fax”), email or internet) along with all forms, information and supporting legal documentation necessary to effect the transaction. This information and documentation generally includes to the extent applicable to the transaction: your completed application; your Contract number; the transaction amount (in dollars or percentage terms); the names and allocations to and/or
from the Divisions affected by the requested transaction; the signatures of all Contract Owners (exactly as indicated on the Contract), if necessary; Social Security Number or Tax I.D.; and any other information or supporting
documentation that we may require, including any spousal or Joint Owner’s consents. With respect to purchase payments, Good Order also generally
includes receipt by us of sufficient funds to effect the purchase. We may, in our sole discretion, determine whether any particular transaction request is in Good Order, and we reserve the right to change or waive any Good Order requirement at any time. If You have any questions,
You should contact us or your sales representative (where applicable) before submitting the form or request.
Income Annuity — This term is used througout this Prospectus when we are referring to the Income Annuities.
MetLife — MetLife is Metropolitan Life Insurance Company, which is the company that issues the Deferred Annuities and Income Annuities. Throughout this Prospectus, MetLife is also referred to as the “Company,” “we,” “us” or
“our.”
Pay-Out Options/Income
Options — These are options that You may elect when You convert your
Contract into a regular stream of income after your “pay-in” or “accumulation” phase. The pay-out phase is often referred to as either “annuitizing” your Contract or taking an Income Annuity.
Separate Account — Metropolitan Life Separate Account E (“Separate
Account”) is an investment account. All assets contributed to Divisions under the Deferred Annuities and Income Annuities are pooled in the Separate Account and
maintained for the benefit of investors in Deferred Annuities and Income Annuities.
Variable Annuity — An annuity with respect to which returns/income payments are based upon the performance of investments
such as stocks and bonds held by one or more underlying Portfolios. You assume the
investment risk for any amounts allocated to the Divisions in a Variable
Annuity.
You — In this Prospectus, depending on the context, “You” may mean either the purchaser of the Deferred Annuity or Income Annuity, the Annuitant under an Income Annuity or the participant or Annuitant under certain group arrangements.
8
APPENDIX A: INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT
The following is a list of Portfolios currently available. More information about
the Portfolios are available in the prospectuses for the Portfolios, which may be amended from time to time and can be found online at https://dfinview.com/metlife/PUFT/MET000200. You can also request this information at no cost by calling (800) 560-5001, by sending an email request to [email protected], or through your registered representative. Depending on the optional benefits You choose, You may not be able to invest in certain Portfolios as described below. If your annuity was issued in
connection with an employer plan, You should check with your employer as to which Portfolios are available under your Contract.
The current expenses and performance information below reflects fees and expenses
of the Portfolios, but do not reflect the other fees and expenses that your Contract may include. Expenses would be higher and performance would be lower if these other charges were included. Each Portfolio Company's past performance is not necessarily an indication of future performance.
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||
| US Equity |
American Funds Growth Fund - Class 2
Capital Research and Management CompanySM |
0.58% |
20.24% |
13.37% |
17.97% |
| US Equity |
American Funds Growth-Income Fund - Class 2
Capital Research and Management CompanySM |
0.53% |
18.06% |
13.90% |
13.92% |
| Global Equity |
American Funds SMALLCAP World Fund®*†† -
Class 2
Capital Research and Management CompanySM |
0.90% |
14.64% |
0.49% |
7.23% |
| US Fixed Income |
American Funds The Bond Fund of America* -
Class 2
Capital Research and Management CompanySM |
0.47% |
7.26% |
-0.14% |
2.36% |
| Allocation |
American Funds® Aggressive Allocation
Portfolio - Class C
Brighthouse Investment Advisers, LLC |
0.99% |
19.90% |
9.30% |
10.88% |
| Allocation |
American Funds® Balanced Allocation Portfolio
- Class C
Brighthouse Investment Advisers, LLC |
0.96% |
17.02% |
7.26% |
8.99% |
| Allocation |
American Funds® Moderate Allocation Portfolio
- Class C
Brighthouse Investment Advisers, LLC |
0.95% |
14.46% |
5.71% |
7.30% |
| International Equity |
Baillie Gifford International Stock Portfolio* -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: Baillie Gifford Overseas Limited |
0.74% |
19.31% |
0.96% |
7.62% |
| US Fixed Income |
BlackRock Bond Income Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: BlackRock Advisors, LLC |
0.38% |
7.95% |
-0.17% |
2.38% |
A-1
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||
| US Equity |
BlackRock Capital Appreciation Portfolio* -
Class E
Brighthouse Investment Advisers, LLC
Subadviser: BlackRock Advisors, LLC |
0.71% |
13.02% |
10.90% |
15.63% |
| Allocation |
Brighthouse Asset Allocation 100 Portfolio -
Class A
Brighthouse Investment Advisers, LLC |
0.71% |
17.41% |
8.91% |
10.97% |
| Allocation |
Brighthouse Asset Allocation 20 Portfolio* - Class A
Brighthouse Investment Advisers, LLC |
0.68% |
9.47% |
2.32% |
4.22% |
| Allocation |
Brighthouse Asset Allocation 40 Portfolio - Class A
Brighthouse Investment Advisers, LLC |
0.66% |
11.75% |
4.10% |
5.95% |
| Allocation |
Brighthouse Asset Allocation 60 Portfolio - Class A
Brighthouse Investment Advisers, LLC |
0.66% |
13.96% |
5.80% |
7.73% |
| Allocation |
Brighthouse Asset Allocation 80 Portfolio - Class A
Brighthouse Investment Advisers, LLC |
0.68% |
15.91% |
7.42% |
9.49% |
| US Equity |
Brighthouse/Artisan Mid Cap Value Portfolio* -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: Artisan Partners Limited Partnership |
0.78% |
1.82% |
7.04% |
8.32% |
| US Fixed Income |
Brighthouse/Franklin Low Duration Total Return
Portfolio* - Class B
Brighthouse Investment Advisers, LLC
Subadviser: Franklin Advisers, Inc. |
0.75% |
5.25% |
2.14% |
2.23% |
| Allocation |
Brighthouse/Wellington Balanced Portfolio -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: Wellington Management Company LLP |
0.52% |
12.67% |
7.45% |
9.41% |
| US Equity |
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% |
| US Equity |
Brighthouse/Wellington Large Cap Research
Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Wellington Management Company LLP |
0.54% |
15.91% |
12.30% |
13.62% |
| Sector |
CBRE Global Real Estate Portfolio* - Class E
Brighthouse Investment Advisers, LLC
Subadviser: CBRE Investment Management Listed Real Assets LLC |
0.81% |
6.94% |
4.15% |
4.06% |
| US Equity |
Frontier Mid Cap Growth Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Frontier Capital Management Company, LLC |
0.69% |
5.16% |
3.79% |
10.15% |
A-2
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||
| International Equity |
Harris Oakmark International Portfolio* - Class E
Brighthouse Investment Advisers, LLC
Subadviser: Harris Associates L.P. |
0.87% |
32.98% |
6.56% |
6.84% |
| Global Equity |
Invesco Global Equity Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Invesco Advisers, Inc. |
0.58% |
15.88% |
7.56% |
11.28% |
| US Equity |
Invesco Small Cap Growth Portfolio* - Class E
Brighthouse Investment Advisers, LLC
Subadviser: Invesco Advisers, Inc. |
0.89% |
5.93% |
-0.81% |
9.11% |
| US Equity |
Jennison Growth Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Jennison Associates LLC |
0.54% |
14.04% |
10.28% |
16.71% |
| Allocation |
Loomis Sayles Global Allocation Portfolio* -
Class B
Brighthouse Investment Advisers, LLC
Subadviser: Loomis, Sayles & Company, L.P. |
1.04% |
12.59% |
6.25% |
9.22% |
| US Equity |
Loomis Sayles Growth Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Loomis, Sayles & Company, L.P. |
0.55% |
15.21% |
15.06% |
14.19% |
| US Equity |
Loomis Sayles Small Cap Core Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Loomis, Sayles & Company, L.P. |
0.90% |
5.29% |
7.44% |
9.43% |
| US Equity |
Loomis Sayles Small Cap Growth Portfolio* -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: Loomis, Sayles & Company, L.P. |
0.89% |
4.03% |
2.54% |
10.12% |
| US Fixed Income |
MetLife Aggregate Bond Index Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment Management, LLC |
0.26% |
7.04% |
-0.64% |
1.75% |
| US Equity |
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% |
| International Equity |
MetLife MSCI EAFE® Index Portfolio - Class
A Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment Management, LLC |
0.37% |
31.02% |
8.62% |
8.04% |
| US Equity |
MetLife Russell 2000® Index Portfolio - Class
A Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment Management, LLC |
0.30% |
12.66% |
5.99% |
9.55% |
| US Equity |
MetLife Stock Index Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment Management, LLC |
0.27% |
17.59% |
14.13% |
14.53% |
A-3
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||
| International Equity |
MFS® Research International
Portfolio* - Class A Brighthouse Investment Advisers,
LLC Subadviser: Massachusetts Financial Services Company |
0.56% |
22.72% |
5.80% |
7.83% |
| Allocation |
MFS® Total Return Portfolio* -
Class E Brighthouse Investment Advisers, LLC
Subadviser: Massachusetts Financial Services Company |
0.77% |
10.94% |
6.26% |
7.49% |
| US Equity |
MFS® Value Portfolio* - Class
E Brighthouse Investment Advisers, LLC
Subadviser: Massachusetts Financial Services Company |
0.73% |
13.11% |
9.95% |
10.10% |
| US Equity |
MFS® Value Portfolio*§ - Class
A Brighthouse Investment Advisers, LLC
Subadviser: Massachusetts Financial Services Company |
0.58% |
13.29% |
10.11% |
10.27% |
| US Equity |
Morgan Stanley Discovery Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Morgan Stanley Investment Management Inc. |
0.65% |
13.55% |
-5.58% |
14.29% |
| US Equity |
Neuberger Berman Genesis Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Neuberger Berman Investment Advisers LLC |
0.81% |
-4.57% |
2.86% |
9.12% |
| US Fixed Income |
PIMCO Inflation Protected Bond Portfolio - Class E
Brighthouse Investment Advisers, LLC
Subadviser: Pacific Investment Management Company LLC |
1.28% |
7.84% |
1.26% |
3.19% |
| US Fixed Income |
PIMCO Total Return Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Pacific Investment Management Company LLC |
0.58% |
9.21% |
0.19% |
2.55% |
| Allocation |
State Street Moderate ETF Portfolio - Class E
(formerly known as SSGA Growth and Income ETF
Portfolio - Class E)
Brighthouse Investment Advisers, LLC
Subadviser: SSGA Funds Management, Inc. |
0.65% |
16.93% |
7.30% |
7.96% |
| Allocation |
State Street Moderately Aggressive ETF Portfolio -
Class E (formerly known as SSGA Growth ETF
Portfolio - Class E)
Brighthouse Investment Advisers, LLC
Subadviser: SSGA Funds Management, Inc. |
0.68% |
19.29% |
9.11% |
9.41% |
| US Equity |
T. Rowe Price Large Cap Growth Portfolio* -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates, Inc. |
0.56% |
15.70% |
9.64% |
14.39% |
A-4
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||
| US Equity |
T. Rowe Price Mid Cap Growth Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates, Inc. is the subadviser T. Rowe Price Investment Management, Inc. is the sub-subadviser |
0.70% |
3.75% |
4.08% |
10.05% |
| US Equity |
T. Rowe Price Small Cap Growth Portfolio - Class A
Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates, Inc. |
0.51% |
10.30% |
5.75% |
10.88% |
| US Equity |
Victory Sycamore Mid Cap Value Portfolio* -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: Victory Capital Management, Inc. |
0.60% |
2.51% |
9.90% |
9.86% |
| US Fixed Income |
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% |
| US Fixed Income |
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% |
§
Closed to new investments except under dollar cost averaging and rebalancing programs
in existence at the time of closing.
*
The Portfolio is subject to an expense reimbursement or fee waiver arrangement. The
annual expenses shown reflect temporary fee reductions.
††
Effective May 1, 2026, the American Funds Global Small Capitalization Fund changed
its name to American Funds SMALLCAP World Fund®.
Index Selector: If You elect the Index Selector You are limited to allocating your
purchase payments and Account Balance among the following investment options and the Fixed Interest Account:
MetLife Aggregate Bond Index
MetLife Stock Index
MetLife MSCI EAFE® Index
MetLife Russell 2000® Index
MetLife Mid Cap Stock Index
MetLife Stock Index
MetLife MSCI EAFE® Index
MetLife Russell 2000® Index
MetLife Mid Cap Stock Index
The Equity Generator® and The Equalizer SM: In addition to the Fixed Interest Account these Automated Strategies may also use the:
MetLife Stock Index
Frontier Mid Cap Growth
Frontier Mid Cap Growth
Fixed Option
A-5
The following is information on the Fixed Interest Account currently available under the Contract. We reserve the right to restrict purchase payments and transfers to the Fixed Interest Account when the yield on investments is not expected to support the Minimum Guaranteed Interest Rate. We will provide you with written notice before doing so.
| Name |
Term |
Minimum Guaranteed Interest Rate* |
| Fixed Interest Account |
Initial Interest Rate Term: begins on each calendar quarter and will be credited from the date amounts are allocated to the Fixed Interest Account until the last day of the same calendar quarter of the following year. Renewal Rate Term: 12 months |
3% |
*
The Minimum Guaranteed Interest Rate Varies by Contract and may be higher than the
minimum guaranteed interest rate shown. Check your Contract for the Minimum Guaranteed Interest Rate that applies to your Fixed Interest Account Option.
A-6
This Updating
Summary Prospectus incorporates by reference all of the information contained in the Prospectus and the Statement of Additional Information, which are dated the same date
as this Updating Summary Prospectus and which are legally part of this Updating Summary Prospectus. You can obtain the Prospectus and Statement of Additional Information, without charge, by calling
our Administrative Office at (800) 560-5001, by going online at https://dfinview.com/metlife/PUFT/MET000200, or by sending an email request to [email protected]. For
Division transfers and purchase payment reallocations, for current information about your
Contract Values, to change or update Contract information such as your billing address, billing mode, Beneficiary or ownership, for information about other Contract transactions, and to ask questions about your Contract, You may call our
Administrative Office at (800) 560-5001.
Managing your variable annuity contract just got easier. We’re excited to
share our enhanced website with You. Login or register today at
online.metlife.com and enjoy a more convenient way to manage your contract
and sign-up for eDelivery!
EDGAR ID: C000003498
April 27,
2026
Updating Summary Prospectus For Investors in Preference Plus® Account Variable Deferred and Income Annuity Contracts (BPPA)
Issued by Metropolitan Life Separate Account E of
Metropolitan Life Insurance Company
This Updating Summary Prospectus includes updating information about individual
and group Preference Plus® Account Contracts for deferred variable annuities (“Deferred Annuities”) and Preference Plus® immediate variable income annuities (“Income Annuities”) (also referred to herein as the “Contract”) issued by Metropolitan Life Insurance Company (“MetLife,” the "Company," “we,” “us” or “our”).
The Prospectus for the
Contracts contains more information about the Contracts, including features, benefits, and risks. You can find the current Prospectus and other information about the Contracts online at
https://dfinview.com/metlife/PUFT/MET000235. You can also obtain this information at no cost by calling our Administrative Office at (833) 642-1008, or by sending an email request to [email protected]. Not all Portfolios are available under all Contracts and You should ask your employer for a list of
available Portfolios.
Additional information about certain investment products, including variable annuity contracts, has been prepared by the Securities and
Exchange Commission’s staff and is available at Investor.gov.
We do not guarantee how any of the Divisions or Portfolios will perform. Interests in the Separate Account, the Portfolios and the Fixed Interest Account are not deposits or obligations of, or insured or guaranteed by, the U.S. Government, any bank or other depository institution including the Federal Deposit Insurance Corporation (“FDIC”), the Federal Reserve Board or any other agency or entity or person. MetLife's obligations under the Contract are subject to its financial strength and claims-paying ability.
The Securities and Exchange Commission (“SEC”) has not approved or disapproved the
Contract or determined that this Prospectus is adequate or complete. Any representation to the contrary is a criminal offense.
UPDATED INFORMATION ABOUT YOUR
CONTRACT
The
information in this Updating Summary Prospectus is a summary of certain Contract features
that have changed since You last received the Prospectus dated April 28, 2025. This may not reflect all of the changes that have
occurred since You entered into your
Contract:
●
For changes in the names of certain Portfolios and any other changes to the Portfolios please refer to Appendix A.
●
For updated Portfolio expense information please refer to "Important Information You Should Consider About
the
Contract" and Appendix A.
●
For updated Portfolio performance information please refer to Appendix A.
IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACT
| |
FEES, EXPENSES AND ADJUSTMENTS |
LOCATION IN
PROSPECTUS | ||
| Are there Charges or
Adjustments for Early
Withdrawals? |
Yes. Withdrawal Charges are calculated as a percentage of each purchase payment funding the withdrawal during the pay-in phase.
A Withdrawal Charge of up to 7.00% may be assessed on any such
purchase payment paid into the Deferred Annuity less than 8 years
before the date of its withdrawal.
For example, if You purchase the Contract for $100,000 and
surrender your Contract during the first year, You will pay a
Withdrawal Charge of up to $7,000. |
Charges | ||
| Are there Transaction
Charges? |
Yes. You may be charged for transactions such as transferring Account Value among Divisions and between the Divisions and the
Fixed Interest Account. Loans will incur a $75 loan initiation fee.
The Loan Maintenance Fee is $50. Loan fees may be waived
or reduced for certain Plans. |
Charges | ||
| Are there Ongoing Fees
and Expenses? |
Yes. 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. |
Fees | ||
| Annual Fee |
Minimum |
Maximum | ||
| Base Contract |
1.25%(1)
|
1.25%(1)
| ||
| Portfolio fees and expenses |
0.27%(2)
|
1.28%(2)
| ||
| (1)
Account. The Base Contract Fee includes 0.03% for the Annual
Contract Fee. For all Contracts, except certain TSA Deferred
Annuities, You pay a $20 annual fee from the Fixed Interest
Account at the end of each Contract Year, if your Account Value
is less than $10,000 and if You do not make purchase payments
during the year.
(2) | ||||
| Because your Contract is customizable, the choices You make affect
how much You will pay. To help 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. | ||||
3
| |
FEES, EXPENSES AND ADJUSTMENTS |
LOCATION IN
PROSPECTUS | ||
| |
Lowest Annual Cost: |
Highest Annual Cost: |
Fees | |
| $1,446 |
$2,284 | |||
| ●Assumes: ●Investment of $100,000
●5% annual appreciation ●Least expensive combination of
Portfolio fees and expenses
●No optional benefits ●No sales charges
●No additional purchase payments, transfers or withdrawals |
●Assumes: ●Investment of $100,000
●5% annual appreciation ●Most expensive combination
of Portfolio fees and
expenses
●No sales charges ●No additional purchase
payments, transfers or
withdrawals | |||
| |
RISKS |
LOCATION IN
PROSPECTUS | ||
| Is there a Risk of Loss
from Poor
Performance? |
Yes. You can lose money by investing in the 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 surrender
charges, tax and tax penalties.
●Withdrawal Charges may apply on any purchase payment paid into the Deferred Annuity less than 8 years before the date of its withdrawal. Withdrawal Charges will reduce the value of your Contract if You withdraw money during that time.
●The benefits of tax deferral means that the Contract is more beneficial to investors with a long time horizon. ●Earnings on your Contract are taxed at ordinary income tax rates
when You withdraw them. You may also have to pay a penalty if
You take a withdrawal before age
59 1∕2. |
Principal Risks of
Investing in the Contract | ||
| What are the Risks
Associated with
Investment Options? |
●An investment in the 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., Portfolios).
●Each investment option (including the Fixed Interest Account investment option) will have its own unique risks. ●You should review these investment options before making an investment decision. ●Subject to certain limitations, if your Account Value falls
below the minimum Account Balance or is not sufficient to
pay the Contract charges, we may terminate your Deferred
Annuity. |
Principal Risks of Investing in the Contract | ||
4
| |
RISKS |
LOCATION IN
PROSPECTUS | ||
| What are the Risks
Related to the
Insurance Company? |
An investment in the Contract is subject to the risks related to the
Company. Any obligations (including under the Fixed Interest
Account), guarantees or benefits, including any death
benefit, are subject to the claims-paying ability of the
Company, and our long term ability to make such payments,
and are not guaranteed by any other party. MetLife is regulated as an insurance company under
state law, which generally includes limits on the amount and type of
investments in its general account. However, there is no
guarantee that we will be able to meet our claims paying
obligations; there are risks to purchasing any insurance
product. More information about the Company, including
its financial strength ratings, is available upon request
or by visiting https://www.metlife.com/about-us/ corporate-profile/ratings. |
Principal Risks of
Investing in the Contract | ||
| |
RESTRICTIONS |
LOCATION IN
PROSPECTUS | ||
| Are There Restrictions
on the Investment
Options? |
No. |
| ||
| Are there any
Restrictions on
Contract Benefits? |
Yes. We may charge a fee for transfers of Account Value among Divisions or between the Divisions and the Fixed Interest Account.
Some benefits impose restrictions and limitations on your choice of
Portfolios. The restrictions and requirements could
result in You missing out on some or all positive
investment performance by certain Portfolios. This means
your opportunity for investment gains may be limited. We
may change these restrictions in the future. We reserve
the right to add, remove or substitute Portfolios. The
Company also has policies and procedures that attempt to
detect and deter frequent transfers in situations where we
determine there is a potential for arbitrage trading, and
in those instances, there are additional limits that
apply to transfers. |
Transfers | ||
| |
TAXES |
LOCATION IN
PROSPECTUS | ||
| What are the Contract’s
Tax Implications? |
●You should consult with a tax professional to determine the tax
implications of an investment in and purchase payments
received under the Contract.
●There is no additional tax benefit if You purchase the Contract through a tax-qualified plan or individual retirement account (IRA). ●If your Contract was purchased through a tax-qualified plan
or IRA, withdrawals will be subject to ordinary income
tax. If your Contract is not tax-qualified, earnings on
your Contract will be subject to ordinary income tax when
You withdraw them. You may
also have to pay a penalty if You take a withdrawal before age
59 1∕2. |
Federal Tax
Considerations | ||
| |
CONFLICTS OF INTEREST |
LOCATION IN
PROSPECTUS | ||
| How are Investment
Professionals
Compensated? |
Your investment professional may receive compensation for selling
this Contract to You, both in the form of commissions and because
MetLife may share the revenue it earns on this Contract with the professional’s firm. This conflict of interest may influence your
investment professional to recommend this Contract over another
investment. |
Who Sells the Deferred Annuities and Income Annuities | ||
5
| |
CONFLICTS OF INTEREST |
LOCATION IN
PROSPECTUS | ||
| Should I Exchange My
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 your Contract 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. |
Exchanges/Transfers | ||
6
IMPORTANT TERMS YOU SHOULD KNOW
Account Value, Account Balance or Contract Value — When You purchase a
Deferred Annuity, an account is set up for You. Your Account Value
(also referred to as Account Balance or Contract Value) is the total amount of money in your Deferred Annuity including money in the Divisions of the Separate
Account and the Fixed Interest Account.
Accumulation Unit Value
— With a Deferred Annuity, money paid-in or transferred into a
Division of the Separate Account is credited to You in
the form of Accumulation Units. Accumulation Units are established for each Division. We determine the value of these Accumulation Units as of the close of the Exchange each day the
Exchange is open for regular trading. The Exchange usually closes at 4 p.m. Eastern Time but may close earlier or later. The values increase or decrease
based on the investment performance of the corresponding underlying Portfolios. In addition to the investment performance of the Portfolios, the deduction of the Separate
Account charge also affects a Division’s Accumulation Unit Value.
Administrative Office — Our Administrative Office varies based on the type of service request or transaction that You are
making. The most recent correspondence or quarterly statement sent to You will have the address and telephone number that You can use to contact us for specific
transactions and requests. We will notify You if there are changes to this information.
Annuitant – The natural person whose life is the measure for
determining the duration and the dollar amount of income payments, sometimes referred to as the measuring life.
Annuity Unit
Value — With a variable Pay-Out Option, the money paid-in or
reallocated into a Division of the Separate Account is held in the form of Annuity Units.
Annuity Units are established for each Division. We determine the value of these Annuity Units as of the close of the Exchange each day the
Exchange is open for regular trading. The Exchange usually closes at 4 p.m. Eastern Time but may close earlier or later. The values increase or decrease
based on the investment performance of the corresponding underlying Portfolios, the experience factor for the current valuation period, the daily AIR and the Separate
Account charge.
Assumed Investment Return (AIR) — Under an Income Annuity or variable Pay-Out Option, the AIR is the assumed percentage rate of return
used to determine the amount of the first variable income payment. The AIR is also the benchmark that is used to calculate the investment performance of a given Division
to determine all subsequent payments to You.
Beneficiary – The person or persons who receive any benefits under a Contract
in the event the Contract Owner or Annuitant, as applicable, dies.
Contract — A Contract is the legal
agreement between You and MetLife or between
MetLife and the employer, plan trustee or other entity, or the certificate issued to You under a group annuity contract. The Contract contains relevant provisions of your Deferred Annuity or Income Annuity.
Contract Owner — The person(s) or entity entitled to ownership rights under this Contract.
Contract Year — Generally, the Contract
Year for a Deferred Annuity is the period ending on the last day of the month in which the anniversary of when we issued the annuity occurs and each following 12-month
period. However, depending on underwriting and plan requirements, the first Contract Year may range from the initial three to fifteen months after the Deferred Annuity is
issued.
Deferred Annuity
— This term is used throughout this Prospectus when we are referring
to Preference Plus Account Contracts for flexible contribution deferred variable annuities.
7
Divisions — Divisions are subdivisions of the Separate Account. When
You allocate a purchase payment, transfer money or make reallocations of your Account Balance to a Division, the Division purchases shares of a Portfolio (with the same name).
Early Withdrawal Charge or Withdrawal Charge — The
Early Withdrawal Charge is an amount we deduct from your Account Value if
You withdraw money prematurely from a Deferred Annuity. This charge is often referred to as
a deferred sales load or back-end sales load.
Exchange — In this Prospectus, the New York Stock Exchange is referred to as the “Exchange.”
Free Look — You may cancel your
Contract within a certain time period. This is known as a “Free Look.” We must
receive your request to cancel in writing by the appropriate day in your state, which varies from state to state. The time period may also vary depending on your age and whether You purchased your Contract
from us directly, through the mail or with money from another annuity or life insurance policy. Depending on state law, we may refund (i) all of your purchase payments (and any interest credited by the Fixed Interest Account, if applicable) or (ii) your Account Value
as of the date your refund request is received at our Administrative Office in Good Order (this means You bear the
risk of any decline in the value of your Contract due to the performance of the Divisions during the Free Look
period).
Good Order
— A request or transaction generally is considered in “Good Order” if it complies with our administrative procedures, and the required information is complete and accurate. A request or transaction may be rejected or delayed if not in Good Order. Good Order generally
means the actual receipt by our Administrative Office of the instructions relating to the requested transaction in writing (or, when permitted, by telephone, facsimile (also referred to as “fax”), email or internet) along with all forms, information and supporting legal documentation necessary to effect the transaction. This information and documentation generally includes to the extent applicable to the transaction: your completed application; your Contract number; the transaction amount (in dollars or percentage terms); the names and allocations to and/or
from the Divisions affected by the requested transaction; the signatures of all Contract Owners (exactly as indicated on the Contract), if necessary; Social Security Number or Tax I.D.; and any other information or supporting
documentation that we may require, including any spousal consents. With respect to purchase payments, Good Order also generally includes receipt by us of sufficient funds to effect the purchase. We may, in our sole discretion, determine whether any particular transaction request is in Good Order, and we reserve the right to change or waive any Good Order requirement at any time. If You have any questions,
You should contact us or your sales representative (where applicable) before submitting the form or request.
Income Annuity — An annuity where the pay-out phase begins within 12 months of the date the Contract is issued.
MetLife — MetLife is
Metropolitan Life Insurance Company, which is the company that issues the Deferred Annuities and Income Annuities. Throughout this Prospectus, MetLife is also referred to as the “Company,” “we,” “us” or “our.”
Pay-Out Options/Income Options — These are options that You may elect when You convert your Contract into a regular stream of income
after your “pay-in” or “accumulation” phase. The pay-out phase is often referred to as either “annuitizing” your Contract or taking an
income annuity.
Separate Account — Metropolitan Life Separate Account E (“Separate
Account”) is an investment account. All assets contributed to Divisions under the Deferred Annuities and Income Annuities are pooled in the Separate Account and
maintained for the benefit of investors in Deferred Annuities and Income Annuities.
Variable Annuity — An annuity with respect to which returns/income payments are based upon the performance of investments
such as stocks and bonds held by one or more underlying Portfolios. You assume the
investment risk for any amounts allocated to the Divisions in a Variable
Annuity.
8
You — In this Prospectus, depending on the context, “You” may mean either the owner of the Deferred Annuity or Income Annuity, the Annuitant under an Income Annuity or the participant or Annuitant under certain group arrangements. In cases where we are referring to giving instructions or making payments to us for public employee deferred compensation Contracts under Section 457(b) governmental arrangements (“PEDC”), Section 451 deferred fee arrangements, Section 451 deferred compensation plans, Section 457(f) deferred compensation plans, Section 457(e)(11) severance and death benefit plans, Section 415(m) qualified governmental excess benefit
arrangements, annuities funding 401(k), 401(a), 403(a) plans and the Tax Shelered Annuities (“TSAs”) under which the employer retains certain rights, “You” means the employer. Under PEDC, Section 451 deferred fee arrangements, Section 451 deferred
compensation plans, Section 457(f) deferred compensation plans, Section 457(e)(11) severance and death benefit plans, Section 415(m) qualified governmental excess benefit
arrangements, annuities funding certain 403(a), 401(k) and 401(a) plans and TSAs where the participant or Annuitant is allowed to choose among investment choices, “You” means the participant or Annuitant who is giving
us instructions about the investment choices. In connection with a 403(b) plan termination, as of the date of the Contract or cash distribution under such plan termination, “You” means the participant who has received such Contract or cash distribution. The terms “TSA” and “403(b)” are synonymous
wherever they appear in this Prospectus and Statement of Additional Information.
9
APPENDIX
A — INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT
The following is a list of Portfolios currently available. More information about
the Portfolios is available in the prospectuses for the Portfolios, which may be amended from time to time and can be found online at https://dfinview.com/metlife/PUFT/MET000235. You can also request this information at no cost by calling (833) 642-1008 , by sending an email request to [email protected], or through your registered representative. Depending on the optional benefits You choose, You may not be
able to invest in certain Portfolios, as described below. If your annuity was issued in connection with an employer plan, You should check with your employer as to
which Portfolios are available under your Contract.
The current expenses and performance information below reflects fees and expenses of the Portfolios, 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 Portfolio Company’s past performance is not necessarily an indication of future performance.
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||
| US Equity |
American Funds Growth Fund - Class 2
Capital Research and Management CompanySM |
0.58% |
20.24% |
13.37% |
17.97% |
| US Equity |
American Funds Growth-Income Fund - Class 2
Capital Research and Management CompanySM |
0.53% |
18.06% |
13.90% |
13.92% |
| Global Equity |
American Funds SMALLCAP World Fund®*†† -
Class 2
Capital Research and Management CompanySM |
0.90% |
14.64% |
0.49% |
7.23% |
| US Fixed Income |
American Funds The Bond Fund of America* -
Class 2
Capital Research and Management CompanySM |
0.47% |
7.26% |
-0.14% |
2.36% |
| Allocation |
American Funds® Aggressive Allocation
Portfolio - Class C
Brighthouse Investment Advisers, LLC |
0.99% |
19.90% |
9.30% |
10.88% |
| Allocation |
American Funds® Balanced Allocation Portfolio
- Class C
Brighthouse Investment Advisers, LLC |
0.96% |
17.02% |
7.26% |
8.99% |
| Allocation |
American Funds® Moderate Allocation Portfolio
- Class C
Brighthouse Investment Advisers, LLC |
0.95% |
14.46% |
5.71% |
7.30% |
| International Equity |
Baillie Gifford International Stock Portfolio* -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: Baillie Gifford Overseas Limited |
0.74% |
19.31% |
0.96% |
7.62% |
| US Fixed Income |
BlackRock Bond Income Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: BlackRock Advisors, LLC |
0.38% |
7.95% |
-0.17% |
2.38% |
| US Equity |
BlackRock Capital Appreciation Portfolio* -
Class E
Brighthouse Investment Advisers, LLC
Subadviser: BlackRock Advisors, LLC |
0.71% |
13.02% |
10.90% |
15.63% |
A-1
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||
| Allocation |
Brighthouse Asset Allocation 100 Portfolio -
Class A
Brighthouse Investment Advisers, LLC |
0.71% |
17.41% |
8.91% |
10.97% |
| Allocation |
Brighthouse Asset Allocation 20 Portfolio* - Class A
Brighthouse Investment Advisers, LLC |
0.68% |
9.47% |
2.32% |
4.22% |
| Allocation |
Brighthouse Asset Allocation 40 Portfolio - Class A
Brighthouse Investment Advisers, LLC |
0.66% |
11.75% |
4.10% |
5.95% |
| Allocation |
Brighthouse Asset Allocation 60 Portfolio - Class A
Brighthouse Investment Advisers, LLC |
0.66% |
13.96% |
5.80% |
7.73% |
| Allocation |
Brighthouse Asset Allocation 80 Portfolio - Class A
Brighthouse Investment Advisers, LLC |
0.68% |
15.91% |
7.42% |
9.49% |
| US Equity |
Brighthouse/Artisan Mid Cap Value Portfolio* -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: Artisan Partners Limited Partnership |
0.78% |
1.82% |
7.04% |
8.32% |
| US Fixed Income |
Brighthouse/Franklin Low Duration Total Return
Portfolio* - Class B
Brighthouse Investment Advisers, LLC
Subadviser: Franklin Advisers, Inc. |
0.75% |
5.25% |
2.14% |
2.23% |
| Allocation |
Brighthouse/Wellington Balanced Portfolio -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: Wellington Management Company LLP |
0.52% |
12.67% |
7.45% |
9.41% |
| US Equity |
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% |
| US Equity |
Brighthouse/Wellington Large Cap Research
Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Wellington Management Company LLP |
0.54% |
15.91% |
12.30% |
13.62% |
| Sector |
CBRE Global Real Estate Portfolio* - Class E
Brighthouse Investment Advisers, LLC
Subadviser: CBRE Investment Management Listed Real Assets LLC |
0.81% |
6.94% |
4.15% |
4.06% |
| Target Date |
Freedom 2020 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.69% |
12.99% |
4.57% |
7.11% |
| Target Date |
Freedom 2025 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.71% |
14.23% |
5.25% |
7.75% |
| Target Date |
Freedom 2030 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.74% |
15.16% |
5.98% |
8.61% |
| Target Date |
Freedom 2035 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.78% |
16.42% |
7.28% |
9.72% |
A-2
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||
| Target Date |
Freedom 2040 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.82% |
18.44% |
8.73% |
10.59% |
| Target Date |
Freedom 2045 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.85% |
19.53% |
9.16% |
10.82% |
| Target Date |
Freedom 2050 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.85% |
19.50% |
9.15% |
10.81% |
| Target Date |
Freedom 2055 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.85% |
19.53% |
9.16% |
— |
| Target Date |
Freedom 2060 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.85% |
19.53% |
9.17% |
— |
| Target Date |
Freedom 2065 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.85% |
19.52% |
9.16% |
— |
| Target Date |
Freedom 2070 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.85% |
19.59% |
— |
— |
| US Equity |
Frontier Mid Cap Growth Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Frontier Capital Management Company, LLC |
0.69% |
5.16% |
3.79% |
10.15% |
| International Equity |
Harris Oakmark International Portfolio* - Class E
Brighthouse Investment Advisers, LLC
Subadviser: Harris Associates L.P. |
0.87% |
32.98% |
6.56% |
6.84% |
| Global Equity |
Invesco Global Equity Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Invesco Advisers, Inc. |
0.58% |
15.88% |
7.56% |
11.28% |
| US Equity |
Invesco Small Cap Growth Portfolio* - Class E
Brighthouse Investment Advisers, LLC
Subadviser: Invesco Advisers, Inc. |
0.89% |
5.93% |
-0.81% |
9.11% |
| US Equity |
Jennison Growth Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Jennison Associates LLC |
0.54% |
14.04% |
10.28% |
16.71% |
| Allocation |
Loomis Sayles Global Allocation Portfolio* -
Class B
Brighthouse Investment Advisers, LLC
Subadviser: Loomis, Sayles & Company, L.P. |
1.04% |
12.59% |
6.25% |
9.22% |
| US Equity |
Loomis Sayles Growth Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Loomis, Sayles & Company, L.P. |
0.55% |
15.21% |
15.06% |
14.19% |
| US Equity |
Loomis Sayles Small Cap Core Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Loomis, Sayles & Company, L.P. |
0.90% |
5.29% |
7.44% |
9.43% |
| US Equity |
Loomis Sayles Small Cap Growth Portfolio* -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: Loomis, Sayles & Company, L.P. |
0.89% |
4.03% |
2.54% |
10.12% |
| US Fixed Income |
MetLife Aggregate Bond Index Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment Management, LLC |
0.26% |
7.04% |
-0.64% |
1.75% |
A-3
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||
| US Equity |
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% |
| International Equity |
MetLife MSCI EAFE® Index Portfolio - Class
A Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment Management, LLC |
0.37% |
31.02% |
8.62% |
8.04% |
| US Equity |
MetLife Russell 2000® Index Portfolio - Class
A Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment Management, LLC |
0.30% |
12.66% |
5.99% |
9.55% |
| US Equity |
MetLife Stock Index Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment Management, LLC |
0.27% |
17.59% |
14.13% |
14.53% |
| International Equity |
MFS® Research International
Portfolio* - Class A Brighthouse Investment Advisers,
LLC Subadviser: Massachusetts Financial Services Company |
0.56% |
22.72% |
5.80% |
7.83% |
| Allocation |
MFS® Total Return Portfolio* -
Class E Brighthouse Investment Advisers, LLC
Subadviser: Massachusetts Financial Services Company |
0.77% |
10.94% |
6.26% |
7.49% |
| US Equity |
MFS® Value Portfolio* - Class
E Brighthouse Investment Advisers, LLC
Subadviser: Massachusetts Financial Services Company |
0.73% |
13.11% |
9.95% |
10.10% |
| US Equity |
MFS® Value Portfolio*§ - Class
A Brighthouse Investment Advisers, LLC
Subadviser: Massachusetts Financial Services Company |
0.58% |
13.29% |
10.11% |
10.27% |
| US Equity |
Morgan Stanley Discovery Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Morgan Stanley Investment Management Inc. |
0.65% |
13.55% |
-5.58% |
14.29% |
| US Equity |
Neuberger Berman Genesis Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Neuberger Berman Investment Advisers LLC |
0.81% |
-4.57% |
2.86% |
9.12% |
| US Fixed Income |
PIMCO Inflation Protected Bond Portfolio - Class E
Brighthouse Investment Advisers, LLC
Subadviser: Pacific Investment Management Company LLC |
1.28% |
7.84% |
1.26% |
3.19% |
| US Fixed Income |
PIMCO Total Return Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Pacific Investment Management Company LLC |
0.58% |
9.21% |
0.19% |
2.55% |
A-4
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||
| Allocation |
State Street Moderate ETF Portfolio - Class E
(formerly known as SSGA Growth and Income ETF
Portfolio - Class E)
Brighthouse Investment Advisers, LLC
Subadviser: SSGA Funds Management, Inc. |
0.65% |
16.93% |
7.30% |
7.96% |
| Allocation |
State Street Moderately Aggressive ETF Portfolio -
Class E (formerly known as SSGA Growth ETF
Portfolio - Class E)
Brighthouse Investment Advisers, LLC
Subadviser: SSGA Funds Management, Inc. |
0.68% |
19.29% |
9.11% |
9.41% |
| US Equity |
T. Rowe Price Large Cap Growth Portfolio* -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates, Inc. |
0.56% |
15.70% |
9.64% |
14.39% |
| US Equity |
T. Rowe Price Mid Cap Growth Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates, Inc. is the subadviser T. Rowe Price Investment Management, Inc. is the sub-subadviser |
0.70% |
3.75% |
4.08% |
10.05% |
| US Equity |
T. Rowe Price Small Cap Growth Portfolio - Class A
Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates, Inc. |
0.51% |
10.30% |
5.75% |
10.88% |
| US Equity |
Victory Sycamore Mid Cap Value Portfolio* -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: Victory Capital Management, Inc. |
0.60% |
2.51% |
9.90% |
9.86% |
| US Fixed Income |
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% |
| US Fixed Income |
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% |
*
The Portfolio is subject to an expense reimbursement or fee waiver arrangement. The
annual expenses shown reflect temporary fee reductions.
§
Closed to new investments except under dollar cost averaging and rebalancing programs
in existence at the time of closing.
††
Effective May 1, 2026, the American Funds Global Small Capitalization Fund changed
its name to American Funds SMALLCAP World Fund®.
Index Selector: If You elect the Index Selector You are limited to allocating your
purchase payments and Account Balance among the following funding options and the Fixed Interest Account:
A-5
MetLife Aggregate Bond Index
MetLife Stock Index
MetLife MSCI EAFE Index
MetLife Russell 2000 Index
MetLife Mid Cap Stock Index
MetLife Stock Index
MetLife MSCI EAFE Index
MetLife Russell 2000 Index
MetLife Mid Cap Stock Index
The Equity Generator® and The Equalizer SM: In addition to the Fixed Interest Account these Automated Strategies may also use the:
MetLife Stock Index Division
Frontier Mid Cap Growth Division
Frontier Mid Cap Growth Division
Fixed Option
The following is information on the Fixed Interest Account currently available under the Contract. We reserve the right to restrict purchase payments and transfers to the Fixed Interest Account when the yield on investments is not expected to support the Minimum Guaranteed Interest Rate. We will provide you with written notice before doing so.
| Name |
Term |
Minimum Guaranteed
Interest Rate* |
| Fixed Interest Account |
Initial Interest Rate Term: begins on each calendar quarter and will be credited from the date amounts are allocated to the Fixed Interest Account until the last day of the same calendar quarter of the following year. Renewal Rate Term: 12 months |
3% |
*
The Minimum Guaranteed Interest Rate Varies by Contract and may be higher than the
minimum guaranteed interest rate shown. Check your Contract for the Minimum Guaranteed Interest Rate that applies to your Fixed Interest Account Option.
A-6
This Updating
Summary Prospectus incorporates by reference all of the information contained in the Prospectus and the Statement of Additional Information, which have the same date as
this Updating Summary Prospectus, and which are legally part of this Updating Summary Prospectus. You can obtain the Prospectus and Statement of Additional Information, without charge, by calling
our Administrative Office at (833) 642-1008, by going online at https://dfinview.com/metlife/PUFT/MET000235, or by sending an email request to [email protected]. For Division transfers and purchase payment reallocations, for current information
about your Contract Values, to change or update Contract information such as your billing address, billing mode, Beneficiary or ownership, for information about other Contract transactions, and to ask questions about your Contract, You may call our
Administrative Office at (833) 642-1008.
Managing your variable annuity contract just got easier. We’re excited to share our enhanced website with
You. Login or register today at online.metlife.com and enjoy a more convenient way to manage your Contract and sign-up for eDelivery!
EDGAR ID: C000003499
April 27,
2026
Updating Summary Prospectus For Investors in Preference Plus® Account Variable Annuity Contracts (CPPA)
Issued by Metropolitan Life Separate Account E of Metropolitan Life Insurance Company
This Updating Summary Prospectus includes updating information about the individual and group Preference Plus Account Contracts for
deferred variable annuities (“Deferred Annuities”) and Preference Plus immediate variable income annuities (“Income Annuities”) (the Deferred
Annuities and Income Annuities are also referred to herein as “the Contract”)
issued by Metropolitan Life Insurance Company ( “MetLife,” the
“Company,” “we,” “us” or “our”).
The
Prospectus for the Contracts contains more information about the Contracts, including features, benefits, and risks. You can find the current Prospectus and other information about the Contracts online at
https://dfinview.com/metlife/PUFT/MET000202. You can also obtain this information at no cost by calling our Administrative Office at (800) 560-5001, or by sending an email request to [email protected]. If your annuity was issued in connection with an employer plan, not all Portfolios are available under
all Contracts and You should ask your employer for a list of available Portfolios.
Additional
information about certain investment products, including variable annuity
contracts, has been prepared by the Securities and
Exchange Commission’s staff and is available at Investor.gov.
We do not guarantee how any of the Divisions or Portfolios will perform. Interests in the Separate Account, the Portfolios and the Fixed Interest Account are not deposits or obligations of, or insured or guaranteed by, the U.S. Government, any bank or other depository institution including the Federal Deposit Insurance Corporation (“FDIC”), the Federal Reserve Board or any other agency or person. MetLife’s obligations under the Contract are subject to its financial strength and claims-paying ability.
The Securities and Exchange Commission (“SEC”) has not approved or disapproved the
Contract or determined that this Prospectus is adequate or complete. Any representation to the contrary is a criminal offense.
UPDATED INFORMATION ABOUT YOUR
CONTRACT
The
information in this Updating Summary Prospectus is a summary of certain Contract features
that have changed since You last received the Prospectus dated April 28, 2025. This may not reflect all of the changes that have
occurred since You entered into your
Contract:
●
For changes in the names of certain Portfolios and any other changes to the Portfolios please refer to Appendix A.
●
For updated Portfolio expense information please refer to "Important Information You Should Consider About
the
Contract" and Appendix A.
●
For updated Portfolio performance information please refer to Appendix A.
IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACT
| |
FEES, EXPENSES AND ADJUSTMENTS |
LOCATION IN
PROSPECTUS | ||
| Are there Charges or
Adjustments for Early
Withdrawals? |
Yes. Withdrawal charges are calculated as a percentage of each purchase payment funding the withdrawal during the pay-in phase.
An Early Withdrawal Charge of up to 7% may be assessed on any
such purchase payment paid less than 8 years before the
date of the withdrawal.
For example, if you purchase the Contract for $100,000 and
surrender your Contract during the first year, You will pay an Early
Withdrawal Charge of up to $7,000. |
Fees | ||
| Are there Transaction
Charges? |
No. We do not charge a fee for transfers of Account Value among Divisions or between the Divisions and the Fixed Interest Account.
Loans will be charged an initial set-up fee and a loan maintenance
fee. The Loan Initiation Fee is $75. The Loan Maintenance
Fee is $50. |
Fees | ||
| Are there Ongoing Fees
and Expenses? |
Yes. 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 investment options You have elected. |
Fees | ||
| Annual Fee |
Minimum |
Maximum | ||
| Base Contract |
0.97%(1) |
0.97%(1) | ||
| Portfolio fees and expenses |
0.27%(2) |
0.98%(2) | ||
| (1)
Account. The Base Contract Fee includes 0.02% for the Annual
Contract Fee. The Annual Contract Fee is $20 annually
and is charged only against amounts in the Fixed
Interest Account. The Annual Contract Fee may be waived
under certain circumstances.
(2) | ||||
3
| |
FEES, EXPENSES AND ADJUSTMENTS |
LOCATION IN
PROSPECTUS | ||
| |
Because your Contract is customizable, the choices You make affect
how much you will pay. To help 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 Early Withdrawal Charges that substantially
increase costs. |
Fees | ||
| Are there Ongoing Fees
and Expenses? |
Lowest Annual Cost: |
Highest Annual Cost: | ||
| $1,173 |
$1,787 | |||
| Assumes:
●Investment of $100,000 ●5% annual appreciation
●Least expensive combination of Portfolio fees and expenses ●No optional benefits
●No sales charges ●No additional purchase
payments, transfers or
withdrawals |
Assumes:
●Investment of $100,000 ●5% annual appreciation
●Most expensive combination of Portfolio fees and expenses ●No sales charges
●No additional purchase payments, transfers or withdrawals | |||
| |
RISKS |
LOCATION IN
PROSPECTUS | ||
| Is there a Risk of Loss
from Poor
Performance? |
Yes. You can lose money by investing in the 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 surrender
charges, tax and tax penalties.
●Early Withdrawal Charges may apply for up to 8 years following each purchase payment. Early Withdrawal Charges will reduce the
value of your Contract if you withdraw money during that time.
●The benefit of tax deferral means that the Contract is more beneficial to investors with a long time horizon. ●Earnings on your Contract are taxed at ordinary income tax rates
when You withdraw them. You may also have to pay a penalty if
You take a withdrawal before age
59 1∕2. |
Principal Risks of
Investing in the Contract | ||
| What are the Risks
Associated with the
Investment Options? |
●An investment in the 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., Portfolios).
●Each investment option (including the Fixed Interest Account investment option) will have its own unique risks. ●You should review these investment options before making an investment decision. ●Subject to certain limitations, if your Account Value falls
below the minimum Account Value or is not sufficient to
pay the Contract charges, we may terminate your Deferred
Annuity. |
Principal Risks of Investing in the Contract | ||
4
| |
RISKS |
LOCATION IN
PROSPECTUS | ||
| What are the Risks
Related to the
Insurance Company? |
An investment in the Contract is subject to the risks related to the
Company. Any obligations (including under the Fixed
Interest Account), guarantees, or benefits, including any
death benefit, are subject to the claims-paying ability
of the Company, and our long term ability to make such
payments, and are not guaranteed by any other party.
MetLife is regulated as an insurance company under state
law, which generally includes limits on the amount and type of investments in its general account. However, there is no guarantee
that we will be able to meet our claims paying obligations; there are
risks to purchasing any insurance product. More
information about the Company, including its financial
strength ratings, is available upon request by visiting
https://www.metlife.com/about-us/ corporate-profile/ratings. |
Principal Risks of
Investing in the Contract | ||
| |
RESTRICTIONS |
LOCATION IN
PROSPECTUS | ||
| Are there Restrictions
on the Investment
Options? |
Yes. We do not charge a fee for transfers of Account Value among Divisions or between the Divisions and the Fixed Interest Account.
Some benefits impose restrictions and limitations on your choice of
Portfolios. The restrictions and requirements could
result in You missing out on some or all positive
investment performance by certain Portfolios. This means
your opportunity for investment gains may be limited. We
may change these restrictions in the future. We reserve
the right to add, remove or substitute Portfolios. The
Company also has policies and procedures that attempt to
detect and deter frequent transfers in situations where we
determine there is a potential for arbitrage trading, and
in those instances, there are additional limits that
apply to transfers. |
Transfers | ||
| Are There any
Restrictions on
Contract Benefits? |
No. |
| ||
| |
TAXES |
LOCATION IN
PROSPECTUS | ||
| What are the Contract's
Tax Implications? |
●You should consult with a tax professional to determine the tax
implications of an investment in and purchase payments
received under the Contract.
●There is no additional tax benefit if You purchase the Contract through a tax-qualified plan or individual retirement account (IRA). ●If your Contract was purchased through a tax-qualified plan
or IRA, withdrawals will be subject to ordinary income
tax. If your Contract is not tax-qualified, earnings on
your Contract will be
subject to ordinary income tax when You withdraw them. You may
also have to pay a penalty if You take a withdrawal before age
59 1∕2. |
Federal Tax
Considerations | ||
| |
CONFLICTS OF INTEREST |
LOCATION IN
PROSPECTUS | ||
| How are Investment
Professionals
Compensated? |
Your investment professional may receive compensation for selling
this Contract to You, both in the form of commissions and because
MetLife may share the revenue it earns on this Contract with the professional’s firm. This conflict of interest may influence your
investment professional to recommend this Contract over another
investment. |
Who Sells the Deferred Annuities and Income Annuities | ||
5
| |
CONFLICTS OF INTEREST |
LOCATION IN
PROSPECTUS | ||
| Should I Exchange My
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 your Contract 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. |
Exchanges/Transfers | ||
6
IMPORTANT TERMS YOU SHOULD KNOW
Account Value, Account Balance or Contract Value — When You purchase a
Deferred Annuity, an account is set up for You. Your Account Value
(also referred to as Account Balance or Contract Value) is the total amount of money in your Deferred Annuity including money in the Divisions of the Separate
Account and the Fixed Interest Account.
Accumulation Unit Value
— With a Deferred Annuity, money paid-in or transferred into a Division of
the Separate Account is credited to You in
the form of Accumulation Units. Accumulation Units are established for each Division. We determine the value of these Accumulation Units as of the close of the Exchange each day the
Exchange is open for regular trading. The Exchange usually closes at 4 p.m. Eastern Time but may close earlier or later. The values increase or decrease
based on the investment performance of the corresponding underlying Portfolios. In addition to the investment performance of the Portfolios, the deduction of the Separate
Account charge also affects a Division's Accumulation Unit Value.
Administrative Office — Our Administrative Office varies based on the type of service request or transaction that you are
making. The most recent correspondence or quarterly statement sent to you will have the address and telephone number that you can use to contact us for specific
transactions and requests. We will notify you if there are changes to this information.
Annuitant – The natural person whose life is the measure for
determining the duration and the dollar amount of income payments, sometimes referred to as the measuring life.
Annuity Unit Value — With a variable Pay-Out Option, the money paid-in or reallocated into a Division of
the Separate Account is held in the form of Annuity Units. Annuity Units are established
for each Division. We determine the value of these Annuity Units as of the close of the
Exchange each day the Exchange is open for
regular trading. The Exchange usually closes at 4 p.m. Eastern Time but may close earlier or later. The values increase or decrease
based on the investment performance of the corresponding underlying Portfolios, the experience factor for the current valuation period, the daily AIR factor and the
Separate Account charge.
Assumed Investment Return (AIR) — Under an Income Annuity or variable Pay-Out Option, the AIR is the assumed percentage rate of return
used to determine the amount of the first variable income payment. The AIR is also the benchmark that is used to calculate the investment performance of a given Division
to determine all subsequent payments to You.
Beneficiary — The person or persons designated to receive any benefits under a Contract if an Owner or Annuitant, as
applicable, dies.
Contract
— A Contract is the legal agreement between You and MetLife or between MetLife and
the employer, plan trustee or other entity, or the certificate issued to You under a group annuity contract. The Contract contains relevant provisions of your Deferred Annuity or Income Annuity.
Contract Owner — The person(s) or entity entitled to ownership rights under this Contract. If Joint Owners are named, all references to Contract Owner shall mean Joint Owners.
Contract Year — Generally, the Contract
Year for a Deferred Annuity is the period ending on the last day of the month in which the
anniversary of when we issued the annuity occurs and each following 12-month period. However, for the unallocated Keogh Deferred Annuity depending on underwriting and
plan requirements, the first Contract Year may range from the initial three to 15 month
period after the Contracts is issued.
7
Deferred Annuity — This term is used throughout this Prospectus when we are referring to the Deferred
Annuities.
Divisions — Divisions are subdivisions of the Separate Account. When
You allocate a purchase payment, transfer money or make reallocations of your Account Balance to a Division, the Division purchases shares of a Portfolio (with the same name).
Early Withdrawal Charge — The Early Withdrawal
Charge is an amount we deduct from your Account Value if You
withdraw money prematurely from a Deferred Annuity. This charge is often referred to as a deferred sales load or back-end sales load.
Exchange — The New York Stock
Exchange is referred to as the “Exchange.”
Good Order — A request or transaction generally is considered in “Good Order” if it complies with our administrative procedures, and the required information is complete and
accurate. A request or transaction may be rejected or delayed if not in Good Order. Good Order generally
means the actual receipt by our Administrative Office of the instructions relating to the requested transaction in writing (or, when permitted, by telephone, facsimile (also referred to as “fax”), email or internet) along with all forms, information and supporting legal documentation necessary to effect the transaction. This information and documentation generally includes to the extent applicable to the transaction: your completed application; your Contract number; the transaction amount (in dollars or percentage terms); the names and allocations to and/or
from the Divisions affected by the requested transaction; the signatures of all Contract Owners (exactly as indicated on the Contract), if necessary; Social Security Number or Tax I.D.; and any other information or supporting
documentation that we may require, including any spousal or Joint Owner’s consents. With respect to purchase payments, Good Order also generally
includes receipt by us of sufficient funds to effect the purchase. We may, in our sole discretion, determine whether any particular transaction request is in Good Order, and we reserve the right to change or waive any Good Order requirement at any time. If You have any questions,
You should contact us or your sales representative (where applicable) before submitting the form or request.
Income Annuity — This term is used throughout this Prospectus when we are referring to Pay-Out Options or Income
Options.
MetLife
— MetLife is Metropolitan Life Insurance Company, which is the company that issues the Deferred Annuities and
Income Annuities. Throughout this Prospectus, MetLife is also referred to as the
“Company,” “we,” “us” or “our.”
Pay-Out Options/Income Options
— This term is used throughout this Prospectus when we are referring to
the options available when electing to enter the pay-out phase of the Contract. The pay-out phase is often referred to as either “annuitizing” your Contract or taking an Income Annuity.
Separate Account — Metropolitan Life Separate Account E (“Separate
Account”) is an investment account. All assets contributed to Divisions under the Deferred Annuities and Income Annuities are pooled in the Separate Account and
maintained for the benefit of investors in Deferred Annuities and Income Annuities.
Variable Annuity — An annuity with respect to which returns/income payments are based upon the performance of investments
such as stocks and bonds held by one or more underlying Portfolios. You assume the
investment risk for any amounts allocated to the Divisions in a Variable
Annuity.
You — In this Prospectus, depending on the context, “You” may mean either the purchaser of the Deferred Annuity or Income Annuity, the Annuitant under an Income Annuity or the participant or Annuitant under certain group
8
arrangements. In cases where we are referring to giving instructions or making payments to us for the unallocated Keogh Deferred Annuity, “You” means the trustee of the Keogh plan.
9
APPENDIX
A — INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT
The following is a list of Portfolios currently available. More information about
the Portfolios are available in the prospectuses for the Portfolios, which may be amended from time to time and can be found online at https://dfinview.com/metlife/PUFT/MET000202. You can also request this information at no cost by calling (800) 560-5001, by sending an email request to [email protected], or through your registered representative. Depending on the optional benefits you choose, you may not be able to invest in certain Portfolios, as described below. If your annuity was issued in
connection with an employer plan, you should check with your employer as to which Portfolios are available under your Contract.
The current expenses and performance information below reflects fees and expenses
of the Portfolios, but do not reflect the other fees and expenses that your Contract may include. Expenses would be higher and performance would be lower if these other charges were
included. Each Portfolio Company's past performance is not necessarily an indication of future performance.
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||
| US Equity |
American Funds Growth Fund - Class 2
Capital Research and Management CompanySM |
0.58% |
20.24% |
13.37% |
17.97% |
| US Equity |
American Funds Growth-Income Fund - Class 2
Capital Research and Management CompanySM |
0.53% |
18.06% |
13.90% |
13.92% |
| Global Equity |
American Funds SMALLCAP World Fund®*†† -
Class 2
Capital Research and Management CompanySM |
0.90% |
14.64% |
0.49% |
7.23% |
| International Equity |
Baillie Gifford International Stock Portfolio* -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: Baillie Gifford Overseas Limited |
0.74% |
19.31% |
0.96% |
7.62% |
| US Fixed Income |
BlackRock Bond Income Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: BlackRock Advisors, LLC |
0.38% |
7.95% |
-0.17% |
2.38% |
| US Equity |
BlackRock Capital Appreciation Portfolio* -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: BlackRock Advisors, LLC |
0.56% |
13.19% |
11.07% |
15.80% |
| Allocation |
Brighthouse Asset Allocation 100 Portfolio -
Class A
Brighthouse Investment Advisers, LLC |
0.71% |
17.41% |
8.91% |
10.97% |
| Allocation |
Brighthouse Asset Allocation 20 Portfolio* - Class A
Brighthouse Investment Advisers, LLC |
0.68% |
9.47% |
2.32% |
4.22% |
| Allocation |
Brighthouse Asset Allocation 40 Portfolio - Class A
Brighthouse Investment Advisers, LLC |
0.66% |
11.75% |
4.10% |
5.95% |
| Allocation |
Brighthouse Asset Allocation 60 Portfolio - Class A
Brighthouse Investment Advisers, LLC |
0.66% |
13.96% |
5.80% |
7.73% |
| Allocation |
Brighthouse Asset Allocation 80 Portfolio - Class A
Brighthouse Investment Advisers, LLC |
0.68% |
15.91% |
7.42% |
9.49% |
A-1
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||
| US Equity |
Brighthouse/Artisan Mid Cap Value Portfolio* -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: Artisan Partners Limited
Partnership |
0.78% |
1.82% |
7.04% |
8.32% |
| US Fixed Income |
Brighthouse/Franklin Low Duration Total Return
Portfolio* - Class B
Brighthouse Investment Advisers, LLC
Subadviser: Franklin Advisers, Inc. |
0.75% |
5.25% |
2.14% |
2.23% |
| Allocation |
Brighthouse/Wellington Balanced Portfolio -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: Wellington Management Company
LLP |
0.52% |
12.67% |
7.45% |
9.41% |
| US Equity |
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% |
| US Equity |
Brighthouse/Wellington Large Cap Research
Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Wellington Management Company
LLP |
0.54% |
15.91% |
12.30% |
13.62% |
| Sector |
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% |
| US Equity |
Frontier Mid Cap Growth Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Frontier Capital Management
Company, LLC |
0.69% |
5.16% |
3.79% |
10.15% |
| International Equity |
Harris Oakmark International Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Harris Associates L.P. |
0.72% |
33.17% |
6.72% |
7.01% |
| Global Equity |
Invesco Global Equity Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Invesco Advisers, Inc. |
0.58% |
15.88% |
7.56% |
11.28% |
| US Equity |
Invesco Small Cap Growth Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Invesco Advisers, Inc. |
0.74% |
6.17% |
-0.66% |
9.27% |
| US Equity |
Jennison Growth Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Jennison Associates LLC |
0.54% |
14.04% |
10.28% |
16.71% |
| US Equity |
Loomis Sayles Growth Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Loomis, Sayles & Company, L.P. |
0.55% |
15.21% |
15.06% |
14.19% |
A-2
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||
| US Equity |
Loomis Sayles Small Cap Core Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Loomis, Sayles & Company, L.P. |
0.90% |
5.29% |
7.44% |
9.43% |
| US Equity |
Loomis Sayles Small Cap Growth Portfolio* -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: Loomis, Sayles & Company, L.P. |
0.89% |
4.03% |
2.54% |
10.12% |
| US Fixed Income |
MetLife Aggregate Bond Index Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment Management,
LLC |
0.26% |
7.04% |
-0.64% |
1.75% |
| US Equity |
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% |
| International Equity |
MetLife MSCI EAFE® Index Portfolio - Class
A Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment Management,
LLC |
0.37% |
31.02% |
8.62% |
8.04% |
| US Equity |
MetLife Russell 2000® Index Portfolio - Class
A Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment Management,
LLC |
0.30% |
12.66% |
5.99% |
9.55% |
| US Equity |
MetLife Stock Index Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment Management,
LLC |
0.27% |
17.59% |
14.13% |
14.53% |
| International Equity |
MFS® Research International
Portfolio* - Class A Brighthouse Investment Advisers,
LLC Subadviser: Massachusetts Financial Services
Company |
0.56% |
22.72% |
5.80% |
7.83% |
| Allocation |
MFS® Total Return Portfolio* -
Class A Brighthouse Investment Advisers, LLC
Subadviser: Massachusetts Financial Services
Company |
0.62% |
11.11% |
6.42% |
7.65% |
| US Equity |
MFS® Value Portfolio* - Class
A Brighthouse Investment Advisers, LLC
Subadviser: Massachusetts Financial Services
Company |
0.58% |
13.29% |
10.11% |
10.27% |
| US Equity |
Morgan Stanley Discovery Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Morgan Stanley Investment
Management Inc. |
0.65% |
13.55% |
-5.58% |
14.29% |
| US Equity |
Neuberger Berman Genesis Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Neuberger Berman Investment
Advisers LLC |
0.81% |
-4.57% |
2.86% |
9.12% |
A-3
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||
| US Fixed Income |
PIMCO Total Return Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Pacific Investment Management
Company LLC |
0.58% |
9.21% |
0.19% |
2.55% |
| US Equity |
T. Rowe Price Large Cap Growth Portfolio* -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates, Inc. |
0.56% |
15.70% |
9.64% |
14.39% |
| US Equity |
T. Rowe Price Mid Cap Growth Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates, Inc. is the
subadviser
T. Rowe Price Investment Management, Inc. is
the sub-subadviser |
0.70% |
3.75% |
4.08% |
10.05% |
| US Equity |
T. Rowe Price Small Cap Growth Portfolio - Class A
Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates, Inc. |
0.51% |
10.30% |
5.75% |
10.88% |
| US Equity |
Victory Sycamore Mid Cap Value Portfolio* -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: Victory Capital Management, Inc. |
0.60% |
2.51% |
9.90% |
9.86% |
| US Fixed Income |
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% |
| US Fixed Income |
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% |
*
The Portfolio is subject to an expense reimbursement or fee waiver arrangement. The
annual expenses shown reflect temporary fee reductions.
††
Effective May 1, 2026, the American Funds Global Small Capitalization Fund changed
its name to American Funds SMALLCAP World Fund®.
Index Selector: If You elect the Index Selector You are limited to allocating your
purchase payments and Account Balance among the following investment options and the Fixed Interest Account:
MetLife Aggregate Bond Index
MetLife Stock Index
MetLife MSCI EAFE(R) Index
MetLife Russell 2000(R) Index
MetLife Mid Cap Stock Index
MetLife Stock Index
MetLife MSCI EAFE(R) Index
MetLife Russell 2000(R) Index
MetLife Mid Cap Stock Index
The Equity Generator® and The Equalizer SM: In addition to the Fixed Interest Account these
Automated Strategies may also use the:
A-4
MetLife
Stock Index
Frontier Mid Cap Growth
Frontier Mid Cap Growth
Fixed Option
The following is information on the Fixed Interest Account currently available
under the Contract. We reserve the right to restrict purchase payments and transfers to the Fixed Interest Account when the yield on investments is not expected to support the Minimum Guaranteed Interest Rate. We will provide you with written notice before doing so.
| Name |
Term |
Minimum Guaranteed Interest
Rate* |
| Fixed Interest Account |
Initial Interest Rate Term: begins on each calendar quarter and will be credited from the date amounts are allocated to the Fixed Interest Account until the last day of the same calendar quarter of the following year. Renewal Rate Term: 12 months |
3% |
*The Minimum Guaranteed Interest Rate Varies by Contract and may be higher than the
minimum guaranteed interest rate shown. Check your Contract for the Minimum Guaranteed Interest Rate that applies to your Fixed Interest Account Option.
A-5
This Updating
Summary Prospectus incorporates by reference all of the information contained in the Prospectus and the Statement of Additional Information which have the same date as
this Updating Summary Prospectus and which are legally part of this Updating Summary Prospectus. You can obtain the Prospectus and Statement of Additional Information, without charge, by calling
our Administrative Office at (800) 560-5001, by going online at https://dfinview.com/metlife/PUFT/MET000202, or by sending an email request to [email protected]. For
Division transfers and purchase payment reallocations, for current information about your
Contract Values, to change or update Contract information such as your billing address, billing mode, Beneficiary or ownership, for information about other Contract transactions, and to ask questions about your Contract, You may call our
Administrative Office at (800) 560-5001.
Managing your variable annuity contract just got easier. We’re excited to
share our enhanced website with You. Login or register today at
online.metlife.com and enjoy a more convenient way to manage your contract
and sign-up for eDelivery!
EDGAR ID: C000003502
April 27,
2026
Updating Summary Prospectus For Investors in Enhanced Preference
Plus® Account Variable Annuity Contracts (EPPA)
Issued by Metropolitan Life Separate Account E of
Metropolitan Life Insurance Company
Issued by Metropolitan Life Separate Account E of
Metropolitan Life Insurance Company
This Updating Summary Prospectus includes updating information about group Enhanced Preference Plus® Account Contracts for deferred variable annuities (“Enhanced Deferred Annuities”) and Enhanced
Preference® Plus immediate variable income annuities (“Enhanced Income Annuities”) (also referred to herein as the "Contract" or "Contracts") issued by Metropolitan Life Insurance Company ("Metlife," the “Company,” “we,” “us” or “our).
The Prospectus for the Contracts contains more information about the Contracts, including features, benefits, and risks. You can find the current prospectus and other information about the Contracts online at dfinview.com/metlife/PUFT/MET000209. You can also obtain
this information at no cost by calling our Administrative Office at (833) 642-1008, or by
sending an email request to [email protected]. Not all Portfolios are available under all Contracts and You should ask your employer for a list of
available Portfolios.
Additional information about certain investment products, including variable annuity contracts, has been prepared by the Securities and
Exchange Commission’s staff and is available at Investor.gov.
We do not guarantee how any of the Divisions or Portfolios will perform. Interests in the Separate Account, Portfolios and the Fixed Interest Account are not deposits or obligations of, or insured or guaranteed by, the U.S. Government, any bank or other depository institution including the Federal Deposit Insurance Corporation (“FDIC”), the Federal Reserve Board or any other agency or entity or person. MetLife’s obligations under the Contract are subject to its financial strength and claims-paying ability.
The Securities and Exchange Commission (“SEC”) has not approved or disapproved the
Contract or determined that this Prospectus is adequate or complete. Any representation to the contrary is a criminal offense.
UPDATED INFORMATION ABOUT YOUR
CONTRACT
The
information in this Updating Summary Prospectus is a summary of certain Contract features
that have changed since You last received the Prospectus dated April 28, 2025. This may not reflect all of the changes that have
occurred since You entered into your
Contract:
●
For changes in the names of certain Portfolios and any other changes to the Portfolios please refer to Appendix A.
●
For updated Portfolio expense information please refer to "Important Information You Should Consider About
the
Contract" and Appendix A.
●
For updated Portfolio performance information please refer to Appendix A.
IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACT
| |
FEES, EXPENSES AND ADJUSTMENTS |
LOCATION IN
PROSPECTUS | ||
| Are There Charges or
Adjustments for Early
Withdrawals? |
Yes. Withdrawal Charges are calculated as a percentage of each purchase payment funding the withdrawal during the pay-in phase.
A Withdrawal Charge of up to 7.00% may be assessed on any such
purchase payment paid less than 8 years before the date of its
withdrawal.
For example, if You purchase the Contract for $100,000 and
surrender your Contract during the first year, You will pay a
Withdrawal Charge of $7,000. |
Fees | ||
| Are There Transaction
Charges? |
Yes. Loans will be charged an initial set-up fee and a loan maintenance fee (these fees may be waived or reduced for certain
Plans). The Loan Initiation Fee is $75. The Loan Maintenance Fee is
$50. |
Fees | ||
| Are There Ongoing
Fees and Expenses? |
Yes. 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. |
Fees | ||
| Annual Fee |
Minimum |
Maximum | ||
| Base Contract |
0.95%(1)
|
0.95%(1)
| ||
| Investment options (Portfolio fees
and expenses) |
0.27%(2)
|
1.28%(2)
| ||
| (1)
Account.
(2) As a percentage of average daily net assets of
the Portfolio. | ||||
3
| |
FEES, EXPENSES AND ADJUSTMENTS |
LOCATION IN
PROSPECTUS | ||
| |
Because your Contract is customizable, the choices You make affect
how much You will pay. To help 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. |
Fees | ||
| Lowest Annual Cost: |
Highest Annual Cost: | |||
| $1,155 |
$2,019 | |||
| Assumes: ●Investment of $100,000 ●5% annual appreciation
●Least expensive combination of Portfolio fees and expenses ●No optional benefits
●No sales charges ●No additional purchase
payments, transfers or
withdrawals |
Assumes: ●Investment of $100,000 ●5% annual appreciation
●Most expensive combination of Portfolio fees and expenses ●No sales charges
●No additional purchase payments, transfers or withdrawals | |||
| |
RISKS |
LOCATION IN
PROSPECTUS | ||
| Is There a Risk of Loss
from Poor
Performance? |
Yes. You can lose money by investing in the 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 surrender
charges, tax and tax penalties.
●Withdrawal Charges may apply on any purchase payment paid into the Deferred Annuity less than 8 years before the date of its withdrawal. Withdrawal Charges will reduce the value of your Contract if You withdraw money during that time.
●The benefits of tax deferral means that the Contract is more beneficial to investors with a long time horizon. ●Earnings on your Contract are taxed at ordinary income tax rates
when You withdraw them. You may also have to pay a penalty if
You take a withdrawal before age
59 1∕2. |
Principal Risks of
Investing in the Contract | ||
| What Are the Risks
Associated with the
Investment Options? |
●An investment in the 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., Portfolios).
●Each investment option (including any Fixed Interest Account investment option) will have its own unique risks. ●You should review these investment options before making an investment decision. ●Subject to certain limitations, if your Account Value falls
below the minimum Account Value or is not sufficient to
pay the Contract charges, we may terminate your
Contract. |
Principal Risks of Investing in the Contract | ||
4
| |
RISKS |
LOCATION IN
PROSPECTUS | ||
| What Are the Risks
Related to the
Insurance Company? |
An investment in the Contract is subject to the risks related to the
Company. Any obligations (including under the Fixed
Interest Account), guarantees, or benefits, including any
death benefit, are subject to the claims-paying ability
of the Company, and our long term ability to make such
payments, and are not guaranteed by any other party.
MetLife is regulated as an insurance company under state
law, which generally includes limits on the amount and type of investments in its general account. However, there is no guarantee
that we will be able to meet our claims paying obligations; there are
risks to purchasing any insurance product. More
information about the Company, including its financial
strength ratings, is available upon request or by
visiting https://www.metlife.com/about-us/ corporate-profile/ratings. |
Principal Risks of
Investing in the Contract | ||
| |
RESTRICTIONS |
LOCATION IN
PROSPECTUS | ||
| Are There Restrictions
on the Investment
Options? |
Yes. We do not charge a fee for transfers of Account Value among Divisions or between the Divisions and the Fixed Interest Account.
Some benefits impose restrictions and limitations on your choice of
Portfolios. The restrictions and requirements could
result in You missing out on some or all positive
investment performance by certain Portfolios. This means
your opportunity for investment gains may be limited. We
may change these restrictions in the future. We reserve
the right to add, remove or substitute Portfolios. The
Company also has policies and procedures that attempt to
detect and deter frequent transfers in situations where we
determine there is a potential for arbitrage trading, and
in those instances, there are additional limits that
apply to transfers. |
Transfers | ||
| Are There any
Restrictions on
Contract Benefits? |
No. |
| ||
| |
TAXES |
LOCATION IN
PROSPECTUS | ||
| What are the Contract's
Tax Implications? |
●You should consult with a tax professional to determine the tax
implications of an investment in and purchase payments
received under the Contract.
●There is no additional tax benefit if You purchase the Contract through a tax-qualified plan. ●If your Contract was purchased through a tax-qualified plan
(or IRA), withdrawals will be subject to ordinary income
tax. If your Contract is not tax-qualified, earnings on
your Contract will be
subject to ordinary income tax when You withdraw them. You may
also have to pay a penalty if You take a withdrawal before age
59 1∕2. |
Federal Tax
Considerations | ||
| |
CONFLICTS OF INTEREST |
LOCATION IN
PROSPECTUS | ||
| How Are Investment
Professionals
Compensated? |
Your investment professional may receive compensation for selling
this Contract to You, both in the form of commissions and because
MetLife may share the revenue it earns on this Contract with the professional’s firm. This conflict of interest may influence your
investment professional to recommend this Contract over another
investment. |
Certain Payments We Receive with Regard to the Portfolios | ||
5
| |
CONFLICTS OF INTEREST |
LOCATION IN
PROSPECTUS | ||
| Should I Exchange My
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 your Contract 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. |
Transfers | ||
6
IMPORTANT TERMS YOU SHOULD KNOW
Account Value, Account Balance or Contract Value — When
You purchase a
Deferred Annuity, an account is set up for You. Your Account Value (also referred to as Account Balance or Contract Value) is the total amount of money in your Deferred Annuity including money in the Divisions of the Separate Account
and the Fixed Interest Account.
Accumulation Unit Value — With a Deferred Annuity,
money paid-in or transferred into a Division of the Separate Account is credited to You in
the form of Accumulation Units. Accumulation Units are established for each Division. We determine the value of these Accumulation Units as of the close of the Exchange each day the
Exchange is open for regular trading. The Exchange usually closes at 4 p.m. Eastern Time but may close earlier or later. The values increase or decrease
based on the investment performance of the corresponding underlying Portfolios. In addition to the investment performance of the Portfolios, the deduction of the Separate
Account charge also affects a Division's Accumulation Unit Value.
Administrative Office — Our Administrative Office varies based on the type of service request or transaction that You are
making. The most recent correspondence or quarterly statement sent to You will have the address and telephone number that You can use to contact us for specific
transactions and requests. We will notify You if there are changes to this information.
Annuitant — The natural person whose life is the measure for determining the duration and the dollar amount of
income payments, sometimes referred to as the measuring life.
Annuity Unit Value — With a variable Pay-Out Option, the money paid-in or reallocated into a Division of the Separate
Account is held in the form of Annuity Units. Annuity Units are established for each Division. We determine the value of these Annuity Units as of the close of the Exchange each day the Exchange is
open for regular trading. The Exchange usually closes at 4 p.m. Eastern Time but may close earlier or later. The values increase or decrease
based on the investment performance of the corresponding underlying Portfolios, the experience factor for the current valuation period, the daily AIR and the Separate
Account charge.
Assumed Investment Return (AIR) — Under an Income Annuity
or variable Pay-Out Option, the AIR is the assumed percentage rate of return used to determine the amount of the first variable income payment. The AIR is also the benchmark that is used to calculate the investment performance of a given Division to determine all subsequent payments to
You.
Beneficiary — The person or persons who receive a benefit, including continuing payments or a lump sum payment, in the
event the Contract Owner or the Annuitant, as applicable, dies.
Contract — A Contract is the legal
agreement between You and MetLife or between MetLife and the employer, plan trustee or other entity, or the certificate issued to You under a group annuity contract. The Contract contains relevant provisions of your Deferred Annuity or
Income Annuity.
Contract Owner — The person(s) or entity entitled to ownership rights under this Contract.
Contract
Year — Generally, the Contract Year for a
Deferred Annuity is the period ending on the last day of the month in which the anniversary of when we issued the annuity occurs and each following 12-month period.
However, depending on underwriting and plan requirements, the first Contract Year may range from the initial three to fifteen months after the Deferred Annuity is issued.
7
Deferred Annuity — This term is used throughout this Prospectus when we are referring to Enhanced Preference Plus Account
Contracts for flexible contribution deferred variable annuities.
Divisions —
Divisions are subdivisions of the Separate Account. When
You allocate a purchase payment, transfer money or make reallocations of your Account Balance to a Division, the Division purchases shares of a Portfolio (with the same name).
Early Withdrawal Charge or Withdrawal Charge — The Early Withdrawal
Charge is an amount we deduct from your Account Value if
You withdraw money prematurely from a Deferred Annuity. This charge is often referred to as a deferred sales load or back-end sales load.
Exchange — In this Prospectus, the New York Stock Exchange is referred to as the “Exchange.”
Free Look — You may
cancel your Contract within a certain time period. This is known as a “free look.” We must
receive your request to cancel in writing by the appropriate day in your state, which varies from state to state. The time period may also vary depending on your age and whether You purchased your Contract
from us directly, through the mail or with money from another annuity or life insurance policy. Depending on state law, we may refund (i) all of your purchase payments (and any interest credited by the Fixed Interest Account, if applicable) or (ii) your Account Value
as of the date your refund request is received at our Administrative Office in Good Order
(this means
you bear the risk of any decline in the value of your Contract due to the performance of the Divisions
during the Free Look period).
Good Order — A request or transaction generally is considered in “Good Order” if it complies with our administrative procedures, and the required information is complete and
accurate. A request or transaction may be rejected or delayed if not in Good Order. Good Order generally
means the actual receipt by us of the instructions relating to the requested transaction in writing (or, when permitted, by telephone, facsimile (also referred to as
“fax”), email or internet) along with all forms, information and supporting legal documentation necessary to effect the transaction. This information and documentation generally includes to the extent applicable to the transaction: your completed application; your Contract number; the transaction amount (in dollars or percentage terms); the names and allocations to and/or
from the Divisions affected by the requested transaction; the signatures of all Contract Owners (exactly as indicated on the Contract), if necessary; Social Security Number or Tax I.D.; and any other information or supporting documentation that we may require, including any spousal consents. With respect to purchase payments, Good Order also generally includes receipt by us of sufficient funds to effect the purchase. We may, in our sole
discretion, determine whether any particular transaction request is in Good Order, and we
reserve the right to change or waive any Good Order requirement at any time. If You have any questions, You
should contact us or your sales representative (where applicable) before submitting the form or request.
Income Annuity — An annuity where the pay-out phase begins within 12 months after the date the
Contract is issued.
MetLife — MetLife
is Metropolitan Life Insurance Company, which is the company that issues the Deferred Annuities and Income Annuities. Throughout this Prospectus, MetLife is also referred to as the “Company,” “we,” “us” or “our.”
Pay-out Options/Income Options — These are options that You may elect when You convert your Contract into a regular stream of income
after your “pay-in” or “accumulation” phase. The pay-out phase is often referred to as either “annuitizing” your Contract or taking an
income annuity.
8
Separate Account — Metropolitan Life Separate Account E (“Separate
Account”) is an investment account. All assets contributed to Divisions under the Deferred Annuities and Income Annuities are pooled in the Separate Account and
maintained for the benefit of investors in Deferred Annuities and Income Annuities.
Variable Annuity — An annuity with respect to which returns/income payments are based upon the performance of investments
such as stocks and bonds held by one or more underlying Portfolios. You assume the
investment risk for any amounts allocated to the Divisions in a Variable
Annuity.
You — In this Prospectus, depending on the context, “You” may mean either the owner of the Deferred Annuity or Income Annuity, the
Annuitant under an Income Annuity or the participant or Annuitant under certain group arrangements. In cases where we are referring to giving instructions or making payments to us for public employee deferred compensation Contracts under Section 457(b) arrangements (“PEDC”), Section 451 deferred fee arrangements, Section 451 deferred compensation plans, Section 457(f) deferred compensation plans, Section
457(e)(11) severance and death benefit plans, Section 415(m) qualified governmental excess benefit arrangements, annuities funding certain 401(k), 401(a), 403(a) plans and Tax Sheltered Annuities (“TSAs”) under which the employer retains certain rights, “You” means the trustee or employer. Under PEDC Section 451 deferred fee arrangements, Section 451
deferred compensation plans, Section 457(f) deferred compensation plans, Section 457(e)(11) severance and death benefit plans, Section 415(m) qualified governmental
excess benefit arrangements, annuities funding certain 403(a), 401(k) and 401(a) plans and TSAs where the participant or Annuitant is allowed to choose among investment choices, “You” means the participant orAnnuitant who is giving us instructions about the investment choices. In connection with a 403(b) plan termination, as of the date of the Contract or cash distribution under such distribution, “You” means the participant who has received such Contract
or cash distribution. The terms “TSA” and “403(b)” are synonymous wherever they appear in this Prospectus and Statement of Additional Information.
9
APPENDIX
A — INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT
The following is a list of Portfolios currently available. More information about
the Portfolios are available in the prospectuses for the Portfolios, which may be amended from time to time and can be found online at https://dfinview.com/metlife/PUFT/MET000209. You can also request this information at no cost by calling (833) 642-1008, by sending an email request to [email protected], or through your registered representative. Depending on the optional benefits You choose, You may not be
able to invest in certain Portfolios, as described below. If your annuity was issued in connection with an employer plan, You should check with your employer as to which Portfolios are available under your Contract.
The current expenses and performance information below reflects fees and expenses of the Portfolios, 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 Portfolio Company's past performance is not necessarily an indication of future performance.
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||
| US Equity |
American Funds Growth Fund - Class 2
Capital Research and Management CompanySM |
0.58% |
20.24% |
13.37% |
17.97% |
| US Equity |
American Funds Growth-Income Fund - Class 2
Capital Research and Management CompanySM |
0.53% |
18.06% |
13.90% |
13.92% |
| Global Equity |
American Funds SMALLCAP World Fund®*†† -
Class 2
Capital Research and Management CompanySM |
0.90% |
14.64% |
0.49% |
7.23% |
| US Fixed Income |
American Funds The Bond Fund of America* -
Class 2
Capital Research and Management CompanySM |
0.47% |
7.26% |
-0.14% |
2.36% |
| Allocation |
American Funds® Aggressive Allocation
Portfolio - Class C
Brighthouse Investment Advisers, LLC |
0.99% |
19.90% |
9.30% |
10.88% |
| Allocation |
American Funds® Balanced Allocation Portfolio
- Class C
Brighthouse Investment Advisers, LLC |
0.96% |
17.02% |
7.26% |
8.99% |
| Allocation |
American Funds® Moderate Allocation Portfolio
- Class C
Brighthouse Investment Advisers, LLC |
0.95% |
14.46% |
5.71% |
7.30% |
| International Equity |
Baillie Gifford International Stock Portfolio* -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: Baillie Gifford Overseas Limited |
0.74% |
19.31% |
0.96% |
7.62% |
| US Fixed Income |
BlackRock Bond Income Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: BlackRock Advisors, LLC |
0.38% |
7.95% |
-0.17% |
2.38% |
| US Equity |
BlackRock Capital Appreciation Portfolio* -
Class E
Brighthouse Investment Advisers, LLC
Subadviser: BlackRock Advisors, LLC |
0.71% |
13.02% |
10.90% |
15.63% |
A-1
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||
| Allocation |
Brighthouse Asset Allocation 100 Portfolio -
Class A
Brighthouse Investment Advisers, LLC |
0.71% |
17.41% |
8.91% |
10.97% |
| Allocation |
Brighthouse Asset Allocation 20 Portfolio* - Class A
Brighthouse Investment Advisers, LLC |
0.68% |
9.47% |
2.32% |
4.22% |
| Allocation |
Brighthouse Asset Allocation 40 Portfolio - Class A
Brighthouse Investment Advisers, LLC |
0.66% |
11.75% |
4.10% |
5.95% |
| Allocation |
Brighthouse Asset Allocation 60 Portfolio - Class A
Brighthouse Investment Advisers, LLC |
0.66% |
13.96% |
5.80% |
7.73% |
| Allocation |
Brighthouse Asset Allocation 80 Portfolio - Class A
Brighthouse Investment Advisers, LLC |
0.68% |
15.91% |
7.42% |
9.49% |
| US Equity |
Brighthouse/Artisan Mid Cap Value Portfolio* -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: Artisan Partners Limited Partnership |
0.78% |
1.82% |
7.04% |
8.32% |
| US Fixed Income |
Brighthouse/Franklin Low Duration Total Return
Portfolio* - Class B
Brighthouse Investment Advisers, LLC
Subadviser: Franklin Advisers, Inc. |
0.75% |
5.25% |
2.14% |
2.23% |
| Allocation |
Brighthouse/Wellington Balanced Portfolio -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: Wellington Management Company LLP |
0.52% |
12.67% |
7.45% |
9.41% |
| US Equity |
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% |
| US Equity |
Brighthouse/Wellington Large Cap Research
Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Wellington Management Company LLP |
0.54% |
15.91% |
12.30% |
13.62% |
| Sector |
CBRE Global Real Estate Portfolio* - Class E
Brighthouse Investment Advisers, LLC
Subadviser: CBRE Investment Management Listed Real Assets LLC |
0.81% |
6.94% |
4.15% |
4.06% |
| US Equity |
Equity-Income Portfolio - Initial Class
Fidelity Management & Research Company LLC |
0.46% |
19.02% |
12.51% |
11.60% |
| Target Date |
Freedom 2020 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.69% |
12.99% |
4.57% |
7.11% |
| Target Date |
Freedom 2025 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.71% |
14.23% |
5.25% |
7.75% |
| Target Date |
Freedom 2030 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.74% |
15.16% |
5.98% |
8.61% |
A-2
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||
| Target Date |
Freedom 2035 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.78% |
16.42% |
7.28% |
9.72% |
| Target Date |
Freedom 2040 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.82% |
18.44% |
8.73% |
10.59% |
| Target Date |
Freedom 2045 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.85% |
19.53% |
9.16% |
10.82% |
| Target Date |
Freedom 2050 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.85% |
19.50% |
9.15% |
10.81% |
| Target Date |
Freedom 2055 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.85% |
19.53% |
9.16% |
— |
| Target Date |
Freedom 2060 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.85% |
19.53% |
9.17% |
— |
| Target Date |
Freedom 2065 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.85% |
19.52% |
9.16% |
— |
| Target Date |
Freedom 2070 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.85% |
19.59% |
— |
— |
| US Equity |
Frontier Mid Cap Growth Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Frontier Capital Management Company, LLC |
0.69% |
5.16% |
3.79% |
10.15% |
| US Equity |
Growth Portfolio - Initial Class
Fidelity Management & Research Company LLC |
0.55% |
14.92% |
13.70% |
17.45% |
| International Equity |
Harris Oakmark International Portfolio* - Class E
Brighthouse Investment Advisers, LLC
Subadviser: Harris Associates L.P. |
0.87% |
32.98% |
6.56% |
6.84% |
| Global Equity |
Invesco Global Equity Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Invesco Advisers, Inc. |
0.58% |
15.88% |
7.56% |
11.28% |
| US Equity |
Invesco Small Cap Growth Portfolio* - Class E
Brighthouse Investment Advisers, LLC
Subadviser: Invesco Advisers, Inc. |
0.89% |
5.93% |
-0.81% |
9.11% |
| US Fixed Income |
Investment Grade Bond Portfolio - Initial Class
Fidelity Management & Research Company LLC |
0.37% |
7.22% |
0.02% |
2.71% |
| US Equity |
Jennison Growth Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Jennison Associates LLC |
0.54% |
14.04% |
10.28% |
16.71% |
| Allocation |
Loomis Sayles Global Allocation Portfolio* -
Class B
Brighthouse Investment Advisers, LLC
Subadviser: Loomis, Sayles & Company, L.P. |
1.04% |
12.59% |
6.25% |
9.22% |
| US Equity |
Loomis Sayles Growth Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Loomis, Sayles & Company, L.P. |
0.55% |
15.21% |
15.06% |
14.19% |
| US Equity |
Loomis Sayles Small Cap Core Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Loomis, Sayles & Company, L.P. |
0.90% |
5.29% |
7.44% |
9.43% |
A-3
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||
| US Equity |
Loomis Sayles Small Cap Growth Portfolio* -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: Loomis, Sayles & Company, L.P. |
0.89% |
4.03% |
2.54% |
10.12% |
| US Fixed Income |
MetLife Aggregate Bond Index Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment Management, LLC |
0.26% |
7.04% |
-0.64% |
1.75% |
| US Equity |
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% |
| International Equity |
MetLife MSCI EAFE® Index Portfolio - Class
A Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment Management, LLC |
0.37% |
31.02% |
8.62% |
8.04% |
| US Equity |
MetLife Russell 2000® Index Portfolio - Class
A Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment Management, LLC |
0.30% |
12.66% |
5.99% |
9.55% |
| US Equity |
MetLife Stock Index Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment Management, LLC |
0.27% |
17.59% |
14.13% |
14.53% |
| International Equity |
MFS® Research International
Portfolio* - Class A Brighthouse Investment Advisers,
LLC Subadviser: Massachusetts Financial Services Company |
0.56% |
22.72% |
5.80% |
7.83% |
| Allocation |
MFS® Total Return Portfolio* -
Class A Brighthouse Investment Advisers, LLC
Subadviser: Massachusetts Financial Services Company |
0.62% |
11.11% |
6.42% |
7.65% |
| US Equity |
MFS® Value Portfolio* - Class
E Brighthouse Investment Advisers, LLC
Subadviser: Massachusetts Financial Services Company |
0.73% |
13.11% |
9.95% |
10.10% |
| US Equity |
MFS® Value Portfolio*§ - Class
A Brighthouse Investment Advisers, LLC
Subadviser: Massachusetts Financial Services Company |
0.58% |
13.29% |
10.11% |
10.27% |
| US Equity |
Morgan Stanley Discovery Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Morgan Stanley Investment Management Inc. |
0.65% |
13.55% |
-5.58% |
14.29% |
| US Equity |
Neuberger Berman Genesis Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Neuberger Berman Investment Advisers LLC |
0.81% |
-4.57% |
2.86% |
9.12% |
A-4
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||
| US Fixed Income |
PIMCO Inflation Protected Bond Portfolio - Class E
Brighthouse Investment Advisers, LLC
Subadviser: Pacific Investment Management Company LLC |
1.28% |
7.84% |
1.26% |
3.19% |
| US Fixed Income |
PIMCO Total Return Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Pacific Investment Management Company LLC |
0.58% |
9.21% |
0.19% |
2.55% |
| Allocation |
State Street Moderate ETF Portfolio - Class E
(formerly known as SSGA Growth and Income ETF
Portfolio - Class E)
Brighthouse Investment Advisers, LLC
Subadviser: SSGA Funds Management, Inc. |
0.65% |
16.93% |
7.30% |
7.96% |
| Allocation |
State Street Moderately Aggressive ETF Portfolio -
Class E (formerly known as SSGA Growth ETF
Portfolio - Class E)
Brighthouse Investment Advisers, LLC
Subadviser: SSGA Funds Management, Inc. |
0.68% |
19.29% |
9.11% |
9.41% |
| US Equity |
T. Rowe Price Large Cap Growth Portfolio* -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates, Inc. |
0.56% |
15.70% |
9.64% |
14.39% |
| US Equity |
T. Rowe Price Mid Cap Growth Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates, Inc. is the subadviser T. Rowe Price Investment Management, Inc. is the sub-subadviser |
0.70% |
3.75% |
4.08% |
10.05% |
| US Equity |
T. Rowe Price Small Cap Growth Portfolio - Class A
Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates, Inc. |
0.51% |
10.30% |
5.75% |
10.88% |
| US Equity |
Victory Sycamore Mid Cap Value Portfolio* -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: Victory Capital Management, Inc. |
0.60% |
2.51% |
9.90% |
9.86% |
| US Fixed Income |
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% |
| US Fixed Income |
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% |
*
The Portfolio is subject to an expense reimbursement or fee waiver arrangement. The
annual expenses shown reflect temporary fee reductions.
§
Closed to new investments except under dollar cost averaging and rebalancing programs
in existence at the time of closing.
A-5
††
Effective May 1, 2026, the American Funds Global Small Capitalization Fund changed
its name to American Funds SMALLCAP World Fund®.
Index Selector: If You elect the Index Selector You are limited to allocating your
purchase payments and Account Balance among the following funding options and the Fixed Interest Account:
MetLife Aggregate Bond Index
MetLife Stock Index
MetLife MSCI EAFE Index
MetLife Russell 2000 Index
MetLife Mid Cap Stock Index
MetLife Stock Index
MetLife MSCI EAFE Index
MetLife Russell 2000 Index
MetLife Mid Cap Stock Index
The Equity Generator® and The Equalizer (SM): In addition to the Fixed Account these Automated Strategies may also use the:
MetLife Stock Index Division
Frontier Mid Cap Growth Division
Frontier Mid Cap Growth Division
Fixed Option
The following is information on the Fixed Interest Account currently available
under the Contract. We reserve the right to restrict purchase payments and transfers to the Fixed Interest Account when the yield on investments is not expected to support the Minimum Guaranteed Interest Rate. We will provide you with written notice before doing so.
| Name |
Term |
Minimum Guaranteed Interest
Rate* |
| Fixed Interest Account |
Initial Interest Rate Term: begins on each calendar quarter and will be credited from the date amounts are allocated to the Fixed Interest Account until the last day of the same calendar quarter of the following year. Renewal Rate Term: 12 months. |
3% |
*
The Minimum Guaranteed Interest Rate Varies by Contract and may be higher than the
minimum guaranteed interest rate shown. Check your Contract for the Minimum Guaranteed Interest Rate that applies to your Fixed Interest Account Option.
A-6
This Updating
Summary Prospectus incorporates by reference all of the information contained in the Prospectus and the Statement of Additional Information, which have the same date as
this Updating Summary Prospectus and which are legally part of this Updating Summary Prospectus. You can obtain the Prospectus and Statement of Additional Information, without charge, by calling
our Administrative Office at (833) 642-1008, by going online at dfinview.com/metlife/PUFT/MET000209, or by sending an email request to [email protected]. For
Division transfers and purchase payment reallocations, for current information about your
Contract Values, to change or update Contract information such as your billing address, billing mode, Beneficiary or ownership, for information about other Contract transactions, and to ask questions about your Contract, You may call our
Administrative Office at (833) 642-1008.
Managing your variable annuity contract just got easier. We’re excited to
share our enhanced website with You. Login or register today at
online.metlife.com and enjoy a more convenient way to manage your contract
and sign-up for eDelivery!
EDGAR ID: C000003501
April 27,
2026
Updating Summary Prospectus For Investors in Financial Freedom Account
Variable Annuity Contracts
Issued by Metropolitan Life Separate Account E of Metropolitan Life Insurance Company.
This Updating Summary Prospectus includes updating information about group Financial Freedom Account Contracts for deferred
variable annuities (“Financial Freedom Deferred Annuities”) and Financial Freedom immediate variable income annuities (“Financial Freedom Income
Annuities”) (also referred to herein as the “Contracts”) issued by
Metropolitan Life Insurance Company ( “MetLife” , the “Company,” “we,” “us” or “our”).
The Prospectus for the Contracts contains more information about the Contracts, including features, benefits, and risks. You can find the current prospectus and other information about the Contracts online at https://dfinview.com/metlife/PUFT/MET000210. You can also obtain
this information at no cost by calling our Administrative Office at (833) 642-1008, or by sending an email request to [email protected]. Not all Portfolios are available under all Contracts and You should ask your employer for a list of
available Portfolios.
Additional information about certain investment products, including variable annuity contracts, has been prepared by the Securities and
Exchange Commission’s staff and is available at Investor.gov.
We do not guarantee how any of the Divisions or Portfolios will perform. Interests in the Separate Account, the Portfolios and the Fixed Interest Account are not deposits or obligations of, or insured or guaranteed by, the U.S. Government, any bank or other depository institution including the Federal Deposit Insurance Corporation (“FDIC”), the Federal Reserve Board or any other agency or entity or person. MetLife's obligations under the Contract are subject to its financial strength and claims-paying ability.
The Securities and Exchange Commission ("SEC") has not approved or disapproved the
Contract or determined that this Prospectus is adequate or complete. Any representation to the contrary is a criminal offense.
UPDATED INFORMATION ABOUT YOUR
CONTRACT
The
information in this Updating Summary Prospectus is a summary of certain Contract features
that have changed since You last received the Prospectus dated April 28, 2025. This may not reflect all of the changes that have
occurred since You entered into your
Contract:
●
For changes in the names of certain Portfolios and any other changes to the Portfolios please refer to Appendix A.
●
For updated Portfolio expense information please refer to "Important Information You Should Consider About
the
Contract" and Appendix A.
●
For updated Portfolio performance information please refer to Appendix A.
IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACT
| |
FEES, EXPENSES, AND ADJUSTMENTS |
LOCATION IN
PROSPECTUS | ||
| Are There Charges or
Adjustments for Early
Withdrawals? |
Yes. Withdrawal Charges are calculated as a percentage of amounts allocated to the Fixed Interest Account during the pay-in phase. A
Withdrawal Charge of up to 7.00% may be assessed on any amounts
withdrawn from the Fixed Interest Account that were allocated to
the Fixed Interest Account less than 8 years before the date of the
withdrawal.
For example, if You allocate $100,000 to the Fixed Interest Account
and withdraw that money during the first year that it is allocated to
the Fixed Interest Account, You will pay a Withdrawal Charge of
$7,000. |
Fees | ||
| Are There Transaction
Charges? |
Yes. Loans will be charged an initial set-up fee and a loan maintenance fee (these fees may be waived or reduced for certain
Plans). The Loan Initiation Fee is $75. The Loan Maintenance Fee is
$50. |
Fees | ||
| Are There Ongoing
Fees and Expenses? |
Yes. 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. |
Fees | ||
| Annual Fee |
Minimum |
Maximum | ||
| Base Contract |
0.95%(1)
|
0.95%(1)
| ||
| Investment options (Portfolio fees
and expenses) |
0.25%(2)
|
1.28%(2)
| ||
| (1) Account. (2) | ||||
| Because your Contract is customizable, the choices You make affect
how much You will pay. To help 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. | ||||
3
| |
FEES, EXPENSES, AND ADJUSTMENTS |
LOCATION IN
PROSPECTUS | ||
| |
Lowest Annual Cost: |
Highest Annual Cost: |
| |
| $1,137 |
$2,019 | |||
| Assumes:
●Investment of $100,000 ●5% annual appreciation
●Least expensive combination of Portfolio fees and expenses ●No optional benefits
●No sales charges ●No additional purchase
payments, transfers or
withdrawals |
Assumes:
●Investment of $100,000 ●5% annual appreciation
●Most expensive combination of Portfolio fees and expenses ●No sales charges
●No additional purchase payments, transfers or withdrawals | |||
| |
RISKS |
LOCATION IN
PROSPECTUS | ||
| Is There a Risk of Loss
from Poor
Performance? |
Yes. You can lose money by investing in the 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 surrender
charges, tax and tax penalties.
●An Early Withdrawal Charge may apply if You withdraw amounts from the Fixed Interest Account that were allocated to the Fixed
Interest Account less than 8 years before the date of the
withdrawal. Withdrawal Charges will reduce the value of your
Contract if You withdraw money during that time. ●The benefits of tax deferral means that the Contract is more
beneficial to investors with a long time horizon.
●Earnings on your Contract are taxed at ordinary income tax rates when You withdraw them. You may also have to pay a penalty if You take a withdrawal before age 59 1∕2. |
Principal Risks of
Investing in the Contract | ||
| What Are the Risks
Associated with the
Investment Options? |
●An investment in the 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., Portfolios).
●Each investment option (including any Fixed Interest Account investment option) will have its own unique risks. ●You should review these investment options before making an investment decision. ●Subject to certain limitations, if your Account Value falls
below the minimum Account Value or is not sufficient to
pay the Contract charges, we may terminate your
Contract. |
Principal Risks of Investing in the Contract | ||
4
| |
RISKS |
LOCATION IN
PROSPECTUS | ||
| What Are the Risks
Related to the
Insurance Company? |
An investment in the Contract is subject to the risks related to the
Company. Any obligations (including under the Fixed
Interest Account), guarantees, or benefits, including any
death benefit, are subject to the claims-paying ability
of the Company, and our long term ability to make such
payments, and are not guaranteed by any other party.
MetLife is regulated as an insurance company under state
law, which generally includes limits on the amount and type of investments in its general account. However, there is no guarantee
that we will be able to meet our claims paying obligations; there are
risks to purchasing any insurance product. More
information about the Company, including its financial
strength ratings, is available upon request or by
visiting https://www.metlife.com/about-us/ corporate-profile/ratings. |
Principal Risks of
Investing in the Contract | ||
| |
RESTRICTIONS |
LOCATION IN
PROSPECTUS | ||
| Are There Restrictions
on the Investment
Options? |
Yes. We do not charge a fee for transfers of Account Value among Divisions or between the Divisions and the Fixed Interest Account.
Some benefits impose restrictions and limitations on your choice of
Portfolios. The restrictions and requirements could
result in You missing out on some or all positive
investment performance by certain Portfolios. This means
your opportunity for investment gains may be limited. We
may change these restrictions in the future. We reserve
the right to add, remove or substitute Portfolios. The
Company also has policies and procedures that attempt to
detect and deter frequent transfers in situations where we
determine there is a potential for arbitrage trading, and
in those instances, there are additional limits that
apply to transfers. |
Transfers | ||
| Are There any
Restrictions on
Contract Benefits? |
No. |
| ||
| |
TAXES |
LOCATION IN
PROSPECTUS | ||
| What are the Contract's
Tax Implications? |
●You should consult with a tax professional to determine the tax
implications of an investment in and purchase payments
received under the Contract.
●There is no additional tax benefit if You purchase the Contract through a tax-qualified plan or individual retirement account (IRA). ●If your Contract was purchased through a tax-qualified plan
or IRA, withdrawals will be subject to ordinary income
tax. If your Contract is not tax-qualified, earnings on
your Contract will be
subject to ordinary income tax when You withdraw them. You may
also have to pay a penalty if You take a withdrawal before age
59 1∕2. |
Federal Tax
Considerations | ||
| |
CONFLICTS OF INTEREST |
LOCATION IN
PROSPECTUS | ||
| How Are Investment
Professionals
Compensated? |
Your investment professional may receive compensation for selling
this Contract to You, both in the form of commissions and because
MetLife may share the revenue it earns on this Contract with the professional’s firm. This conflict of interest may influence your
investment professional to recommend this Contract over another
investment. |
Certain Payments We Receive with Regard to the Portfolios | ||
5
| |
CONFLICTS OF INTEREST |
LOCATION IN
PROSPECTUS | ||
| Should I Exchange My
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 your Contract 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. |
Transfers | ||
6
IMPORTANT TERMS YOU SHOULD KNOW
Account Value, Account Balance or Contract Value — When
You purchase a
Deferred Annuity, an account is set up for You. Your Account Value (also referred to as Account Balance or Contract Value) is the total amount of money in your Deferred Annuity including money in the Divisions of the Separate Account
and the Fixed Interest Account.
Accumulation Unit Value — With a Deferred Annuity,
money paid-in or transferred into a Division of the Separate Account is credited to You in
the form of Accumulation Units. Accumulation Units are established for each Division. We determine the value of these Accumulation Units as of the close of the Exchange each day the
Exchange is open for regular trading. The Exchange usually closes at 4 p.m. Eastern Time but may close earlier or later. The values increase or decrease
based on the investment performance of the corresponding underlying Portfolios. In addition to the investment performance of the Portfolios, the deduction of the Separate
Account charge also affects a Division's Accumulation Unit Value.
Administrative Office — Our Administrative Office varies based on the type of service request or transaction that You are
making. The most recent correspondence or quarterly statement sent to You will have the address and telephone number that You can use to contact us for specific
transactions and requests. We will notify You if there are changes to this information.
Annuitant – The natural person whose life is the measure for
determining the duration and the dollar amount of income payments, sometimes referred to as the measuring life.
Annuity Unit Value — With a variable Pay-Out Option, the money paid-in or reallocated into a Division of
the Separate Account is held in the form of Annuity Units. Annuity Units are established
for each Division. We determine the value of these Annuity Units as of the close of the
Exchange each day the Exchange is open for
regular trading. The Exchange usually closes at 4 p.m. Eastern Time but may close earlier or later. The values increase or decrease
based on the investment performance of the corresponding underlying Portfolios, the experience factor for the current valuation period, the daily AIR and the Separate
Account charge.
Assumed Investment Return (AIR) — Under an Income Annuity
or variable Pay-Out Option, the AIR is the assumed percentage rate of return used to determine the amount of the first variable income payment. The AIR is also the benchmark that is used to calculate the investment performance of a given Division to determine all subsequent payments to
You.
Beneficiary – The person or persons who receive a benefit, including
continuing payments or a lump sum payment, in the event the Contract Owner or the Annuitant, as applicable, dies.
Contract — A
Contract is the legal agreement between You and MetLife or between MetLife and the employer,
plan trustee or other entity, or the certificate issued to You under a group annuity Contract. The Contract contains relevant provisions of your Deferred Annuity or
Income Annuity.
Contract Year — Generally, the Contract Year for a
Deferred Annuity is the period ending on the last day of the month in which the anniversary of when we issued the annuity occurs and each following 12-month period.
However, depending on underwriting and plan requirements, the first Contract Year may range from the initial three to fifteen months after the Deferred Annuity is issued.
Contract Owner — The person(s) or entity entitled to ownership rights under this
Contract.
7
Deferred Annuity — This term is used throughout this Prospectus when we are referring to Financial Freedom Account
Contracts for flexible contribution deferred variable annuities.
Divisions — Divisions are subdivisions of the Separate Account. When
You allocate a purchase payment, transfer money or make reallocations of your Account Balance to a Division, the Division purchases shares of a Portfolio (with the same name).
Early Withdrawal Charge or Withdrawal Charge — The Early Withdrawal
Charge is a charge that may apply if You withdraw amounts from the Fixed Interest Account that were allocated to the Fixed Interest Account less than 8 years before the date of the withdrawal. This charge is often referred to as a deferred sales load or back-end sales load.
Exchange — In this Prospectus, the New York Stock Exchange is referred to as the “Exchange.”
Free Look — You may cancel your
Contract within a certain time period. This is known as a “Free Look.” We must
receive your request to cancel in writing by the appropriate day in your state, which varies from state to state. The time period may also vary depending on your age and whether You purchased your Contract
from us directly, through the mail or with money from another annuity or life insurance policy. Depending on state law, we may refund (i) all of your purchase payments (and any interest credited by the Fixed Interest Account, if applicable) or (ii) your Account Value
as of the date your refund request is received at our Administrative Office in Good Order
(this means You bear the risk of any decline in the value of your Contract due to the performance of the Divisions during the Free Look period).
Good Order — A request or transaction generally is considered in “Good Order” if it complies with our administrative procedures, and the required information is complete and
accurate. A request or transaction may be rejected or delayed if not in Good Order. Good Order generally
means the actual receipt by us of the instructions relating to the requested transaction in writing (or, when permitted, by telephone, facsimile (also referred to as
“fax”), email or internet) along with all forms, information and supporting legal documentation necessary to effect the transaction. This information and documentation generally includes to the extent applicable to the transaction: your completed application; your Contract number; the transaction amount (in dollars or percentage terms); the names and allocations to and/or
from the Divisions affected by the requested transaction; the signatures of all Contract Owners (exactly as indicated on the Contract), if necessary; Social Security Number or Tax I.D.; and any other information or supporting documentation that we may require, including any spousal consents. With respect to purchase payments, Good Order also generally includes receipt by us of sufficient funds to effect the purchase. We may, in our sole
discretion, determine whether any particular transaction request is in Good Order, and we
reserve the right to change or waive any Good Order requirement at any time. If You have any questions, You
should contact us or your sales representative (where applicable) before submitting the form or request.
Income Annuity — An annuity where the pay-out phase begins within 12 months after the date the
Contract is issued.
MetLife — MetLife is Metropolitan Life Insurance Company, which is the company that issues the Deferred Annuities and Income Annuities. Throughout this Prospectus, MetLife is also referred to as the “Company,” “we,” “us” or
“our.”
Pay-out Options/Income
Options — These are options that You may elect when You convert your
Contract into a regular stream of income after your “pay-in” or “accumulation” phase. The pay-out phase is often referred to as either “annuitizing” your Contract or taking an income annuity.
8
Separate Account — Metropolitan Life Separate Account E (“Separate
Account”) is an investment account. All assets contributed to Divisions under the Deferred Annuities and Income Annuities are pooled in the Separate Account and
maintained for the benefit of investors in Deferred Annuities and Income Annuities.
Variable Annuity — An annuity with respect to which returns/income payments are based upon the performance of investments
such as stocks and bonds held by one or more underlying Portfolios. You assume the
investment risk for any amounts allocated to the Divisions in a Variable
Annuity.
You — In this Prospectus, depending on the context, “You” may mean either the owner of the Deferred Annuity or Income Annuity, the
Annuitant under an Income Annuity or the participant or Annuitant under certain group arrangements. In cases where we are referring to giving instructions or making payments to us for annuities funding certain 403(a), 401(k) and 401(a) plans and Tax Sheltered Annuities (“TSAs”) under which the employer retains certain rights, “You” means the trustee or employer. Under annuities funding certain 403(a), 401(k), 401(a) plans and
TSAs where the participant or Annuitant is allowed to choose among investment choices, “You” means the participant or Annuitant who is giving us instructions
about the investment choices. In connection with a 403(b) plan termination, as of the date of the Contract or cash distribution under such distribution, "You" means the
participant who has received such Contract or cash distribution. The terms
“TSA” and “403(b)” are synonymous wherever they appear in this Prospectus and Statement of Additional Information.
9
APPENDIX
A — INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT
The following is a list of Portfolios available. More information about the
Portfolios are available in the prospectuses for the Portfolios, which may be amended from time to time and can be found online at https://dfinview.com/metlife/PUFT/MET000210. You can also request this information at no cost by calling (833) 642-1008, by sending an email request to [email protected], or through your registered representative. Depending on the optional benefits You choose, You may not be able to invest in certain Portfolio, as described below. If your annuity was issued in
connection with an employer plan, You should check with Your employer as to which Portfolios are available under your Contract.
The current expenses and performance information below reflects fees and expenses
of the Portfolios, 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 Portfolio Company's past performance is not necessarily an indication of future performance.
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||
| US Equity |
American Funds Growth Fund - Class 2
Capital Research and Management CompanySM |
0.58% |
20.24% |
13.37% |
17.97% |
| US Equity |
American Funds Growth-Income Fund - Class 2
Capital Research and Management CompanySM |
0.53% |
18.06% |
13.90% |
13.92% |
| Global Equity |
American Funds SMALLCAP World Fund®*†† -
Class 2
Capital Research and Management CompanySM |
0.90% |
14.64% |
0.49% |
7.23% |
| US Fixed Income |
American Funds The Bond Fund of America* -
Class 2
Capital Research and Management CompanySM |
0.47% |
7.26% |
-0.14% |
2.36% |
| Allocation |
American Funds® Aggressive Allocation
Portfolio - Class C
Brighthouse Investment Advisers, LLC |
0.99% |
19.90% |
9.30% |
10.88% |
| Allocation |
American Funds® Balanced Allocation Portfolio
- Class C
Brighthouse Investment Advisers, LLC |
0.96% |
17.02% |
7.26% |
8.99% |
| Allocation |
American Funds® Moderate Allocation Portfolio
- Class C
Brighthouse Investment Advisers, LLC |
0.95% |
14.46% |
5.71% |
7.30% |
| International Equity |
Baillie Gifford International Stock Portfolio* -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: Baillie Gifford Overseas Limited |
0.74% |
19.31% |
0.96% |
7.62% |
| US Fixed Income |
BlackRock Bond Income Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: BlackRock Advisors, LLC |
0.38% |
7.95% |
-0.17% |
2.38% |
| US Equity |
BlackRock Capital Appreciation Portfolio* -
Class E
Brighthouse Investment Advisers, LLC
Subadviser: BlackRock Advisors, LLC |
0.71% |
13.02% |
10.90% |
15.63% |
A-1
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||
| Allocation |
Brighthouse Asset Allocation 100 Portfolio -
Class A
Brighthouse Investment Advisers, LLC |
0.71% |
17.41% |
8.91% |
10.97% |
| Allocation |
Brighthouse Asset Allocation 20 Portfolio* - Class A
Brighthouse Investment Advisers, LLC |
0.68% |
9.47% |
2.32% |
4.22% |
| Allocation |
Brighthouse Asset Allocation 40 Portfolio - Class A
Brighthouse Investment Advisers, LLC |
0.66% |
11.75% |
4.10% |
5.95% |
| Allocation |
Brighthouse Asset Allocation 60 Portfolio - Class A
Brighthouse Investment Advisers, LLC |
0.66% |
13.96% |
5.80% |
7.73% |
| Allocation |
Brighthouse Asset Allocation 80 Portfolio - Class A
Brighthouse Investment Advisers, LLC |
0.68% |
15.91% |
7.42% |
9.49% |
| US Equity |
Brighthouse/Artisan Mid Cap Value Portfolio* -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: Artisan Partners Limited Partnership |
0.78% |
1.82% |
7.04% |
8.32% |
| US Fixed Income |
Brighthouse/Franklin Low Duration Total Return
Portfolio* - Class B
Brighthouse Investment Advisers, LLC
Subadviser: Franklin Advisers, Inc. |
0.75% |
5.25% |
2.14% |
2.23% |
| Allocation |
Brighthouse/Wellington Balanced Portfolio -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: Wellington Management Company LLP |
0.52% |
12.67% |
7.45% |
9.41% |
| US Equity |
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% |
| US Equity |
Brighthouse/Wellington Large Cap Research
Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Wellington Management Company LLP |
0.54% |
15.91% |
12.30% |
13.62% |
| Sector |
CBRE Global Real Estate Portfolio* - Class E
Brighthouse Investment Advisers, LLC
Subadviser: CBRE Investment Management Listed Real Assets LLC |
0.81% |
6.94% |
4.15% |
4.06% |
| US Equity |
Equity-Income Portfolio - Initial Class
Fidelity Management & Research Company LLC |
0.46% |
19.02% |
12.51% |
11.60% |
| Target Date |
Freedom 2020 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.69% |
12.99% |
4.57% |
7.11% |
| Target Date |
Freedom 2025 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.71% |
14.23% |
5.25% |
7.75% |
| Target Date |
Freedom 2030 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.74% |
15.16% |
5.98% |
8.61% |
A-2
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||
| Target Date |
Freedom 2035 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.78% |
16.42% |
7.28% |
9.72% |
| Target Date |
Freedom 2040 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.82% |
18.44% |
8.73% |
10.59% |
| Target Date |
Freedom 2045 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.85% |
19.53% |
9.16% |
10.82% |
| Target Date |
Freedom 2050 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.85% |
19.50% |
9.15% |
10.81% |
| Target Date |
Freedom 2055 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.85% |
19.53% |
9.16% |
— |
| Target Date |
Freedom 2060 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.85% |
19.53% |
9.17% |
— |
| Target Date |
Freedom 2065 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.85% |
19.52% |
9.16% |
— |
| Target Date |
Freedom 2070 Portfolio - Service Class 2
Fidelity Management & Research Company LLC |
0.85% |
19.59% |
— |
— |
| US Equity |
Frontier Mid Cap Growth Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Frontier Capital Management Company, LLC |
0.69% |
5.16% |
3.79% |
10.15% |
| US Fixed Income |
Government Money Market Portfolio - Initial Class
Fidelity Management & Research Company LLC |
0.25% |
4.13% |
3.10% |
2.03% |
| US Equity |
Growth Portfolio - Initial Class
Fidelity Management & Research Company LLC |
0.55% |
14.92% |
13.70% |
17.45% |
| International Equity |
Harris Oakmark International Portfolio* - Class E
Brighthouse Investment Advisers, LLC
Subadviser: Harris Associates L.P. |
0.87% |
32.98% |
6.56% |
6.84% |
| Global Equity |
Invesco Global Equity Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Invesco Advisers, Inc. |
0.58% |
15.88% |
7.56% |
11.28% |
| US Equity |
Invesco Small Cap Growth Portfolio* - Class E
Brighthouse Investment Advisers, LLC
Subadviser: Invesco Advisers, Inc. |
0.89% |
5.93% |
-0.81% |
9.11% |
| US Fixed Income |
Investment Grade Bond Portfolio - Initial Class
Fidelity Management & Research Company LLC |
0.37% |
7.22% |
0.02% |
2.71% |
| US Equity |
Jennison Growth Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Jennison Associates LLC |
0.54% |
14.04% |
10.28% |
16.71% |
| Allocation |
Loomis Sayles Global Allocation Portfolio* -
Class B
Brighthouse Investment Advisers, LLC
Subadviser: Loomis, Sayles & Company, L.P. |
1.04% |
12.59% |
6.25% |
9.22% |
| US Equity |
Loomis Sayles Growth Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Loomis, Sayles & Company, L.P. |
0.55% |
15.21% |
15.06% |
14.19% |
| US Equity |
Loomis Sayles Small Cap Core Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Loomis, Sayles & Company, L.P. |
0.90% |
5.29% |
7.44% |
9.43% |
A-3
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||
| US Equity |
Loomis Sayles Small Cap Growth Portfolio* -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: Loomis, Sayles & Company, L.P. |
0.89% |
4.03% |
2.54% |
10.12% |
| US Fixed Income |
MetLife Aggregate Bond Index Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment Management, LLC |
0.26% |
7.04% |
-0.64% |
1.75% |
| US Equity |
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% |
| International Equity |
MetLife MSCI EAFE® Index Portfolio - Class
A Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment Management, LLC |
0.37% |
31.02% |
8.62% |
8.04% |
| US Equity |
MetLife Russell 2000® Index Portfolio - Class
A Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment Management, LLC |
0.30% |
12.66% |
5.99% |
9.55% |
| US Equity |
MetLife Stock Index Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment Management, LLC |
0.27% |
17.59% |
14.13% |
14.53% |
| International Equity |
MFS® Research International
Portfolio* - Class A Brighthouse Investment Advisers,
LLC Subadviser: Massachusetts Financial Services Company |
0.56% |
22.72% |
5.80% |
7.83% |
| Allocation |
MFS® Total Return Portfolio* -
Class A Brighthouse Investment Advisers, LLC
Subadviser: Massachusetts Financial Services Company |
0.62% |
11.11% |
6.42% |
7.65% |
| US Equity |
MFS® Value Portfolio* - Class
E Brighthouse Investment Advisers, LLC
Subadviser: Massachusetts Financial Services Company |
0.73% |
13.11% |
9.95% |
10.10% |
| US Equity |
MFS® Value Portfolio*§ - Class
A Brighthouse Investment Advisers, LLC
Subadviser: Massachusetts Financial Services Company |
0.58% |
13.29% |
10.11% |
10.27% |
| US Equity |
Morgan Stanley Discovery Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Morgan Stanley Investment Management Inc. |
0.65% |
13.55% |
-5.58% |
14.29% |
| US Equity |
Neuberger Berman Genesis Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Neuberger Berman Investment Advisers LLC |
0.81% |
-4.57% |
2.86% |
9.12% |
A-4
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||
| US Fixed Income |
PIMCO Inflation Protected Bond Portfolio - Class E
Brighthouse Investment Advisers, LLC
Subadviser: Pacific Investment Management Company LLC |
1.28% |
7.84% |
1.26% |
3.19% |
| US Fixed Income |
PIMCO Total Return Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Pacific Investment Management Company LLC |
0.58% |
9.21% |
0.19% |
2.55% |
| Allocation |
State Street Moderate ETF Portfolio - Class E
(formerly known as SSGA Growth and Income ETF
Portfolio - Class E)
Brighthouse Investment Advisers, LLC
Subadviser: SSGA Funds Management, Inc. |
0.65% |
16.93% |
7.30% |
7.96% |
| Allocation |
State Street Moderately Aggressive ETF Portfolio -
Class E (formerly known as SSGA Growth ETF
Portfolio - Class E)
Brighthouse Investment Advisers, LLC
Subadviser: SSGA Funds Management, Inc. |
0.68% |
19.29% |
9.11% |
9.41% |
| US Equity |
T. Rowe Price Large Cap Growth Portfolio* -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates, Inc. |
0.56% |
15.70% |
9.64% |
14.39% |
| US Equity |
T. Rowe Price Mid Cap Growth Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates, Inc. is the subadviser T. Rowe Price Investment Management, Inc. is the sub-subadviser |
0.70% |
3.75% |
4.08% |
10.05% |
| US Equity |
T. Rowe Price Small Cap Growth Portfolio - Class A
Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates, Inc. |
0.51% |
10.30% |
5.75% |
10.88% |
| US Equity |
Victory Sycamore Mid Cap Value Portfolio* -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: Victory Capital Management, Inc. |
0.60% |
2.51% |
9.90% |
9.86% |
| US Fixed Income |
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% |
| US Fixed Income |
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% |
*
The Portfolio is subject to an expense reimbursement or fee waiver arrangement. The
annual expenses shown reflect temporary fee reductions.
§
Closed to new investments except under dollar cost averaging and rebalancing programs
in existence at the time of closing.
A-5
††
Effective May 1, 2026, the American Funds Global Small Capitalization Fund changed
its name to American Funds SMALLCAP World Fund®.
The Equity Generator®: In addition to the Fixed Interest Account this Automated Strategy may also use the:
MetLife Stock Index Division
Frontier Mid Cap Growth Division.
Frontier Mid Cap Growth Division.
Fixed Option
The following is information on the Fixed Interest Account currently available
under the Contract. We reserve the right to restrict purchase payments and transfers to the Fixed Interest Account when the yield on investments is not expected to support the Minimum Guaranteed Interest Rate. We will provide you with written notice before doing so.
| Name |
Term |
Minimum Guaranteed Interest
Rate* |
| Fixed Interest Account |
Initial Interest Rate Term: begins on each calendar quarter and will be credited from the date amounts are allocated to the Fixed Interest Account until the last day of the same calendar quarter of the following year. Renewal Rate Term: 12 months |
3% |
*
The Minimum Guaranteed Interest Rate Varies by Contract and may be higher than the
minimum guaranteed interest rate shown. Check your Contract for the Minimum Guaranteed Interest Rate that applies to your Fixed Interest Account Option.
A-6
This Updating
Summary Prospectus incorporates by reference all of the information contained in the Prospectus and the Statement of Additional Information, which have the same date as
this Updating Summary Prospectus, and which are legally part of this Updating Summary Prospectus. You can obtain the Prospectus and Statement of Additional Information, without charge, by calling
our Administrative Office at (833) 642-1008, by going online at https://dfinview.com/metlife/PUFT/MET000210, or by sending an email request to [email protected]. For Division transfers and purchase payment reallocations, for current information
about your Contract Values, to change or update Contract information such as your billing address, billing mode, Beneficiary or ownership, for information about other Contract transactions, and to ask questions about your Contract, You may call our
Administrative Office at (833) 642-1008.
Managing your variable annuity contract just got easier. We’re excited to share our enhanced website with
You. Login or register today at online.metlife.com and enjoy a more convenient way to manage your Contract and sign-up for eDelivery!
EDGAR ID: C000003500
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