Form 497VPU NEW ENGLAND VARIABLE

April 22, 2026 8:45 AM EDT
 
AMERICAN GROWTH SERIES
issued by
NEW ENGLAND LIFE INSURANCE COMPANY
and
NEW ENGLAND VARIABLE ANNUITY SEPARATE ACCOUNT
 
Updating Summary Prospectus
April 27, 2026
Individual flexible premium variable annuity contracts
 
The prospectus for the American Growth Series (the “Contract”), an individual flexible premium variable annuity contract issued by New England Life Insurance Company (“NELICO”, the “Company”, or “we” or “us”), is available and contains more information about the Contract including its features, benefits, and risks. You can find the current prospectus and other information about the Contract online at https://dfinview.com/BHF/PUFT/BHF3. You can also obtain this information at no cost by calling 1-833-208-3018 or by sending an email request to [email protected].
The Contract is a complex investment and involves risks, including potential loss of principal. The Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals (partial or full) could result in withdrawal charges, taxes, and tax penalties.
The Company’s obligations under the Contract are subject to our financial strength and claims-paying ability. Additional general information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission’s staff and is available at Investor.gov.
The Securities and Exchange Commission has not approved or disapproved these securities or determined if this prospectus is accurate or complete. Any representation to the contrary is a criminal offense.
1
Glossary
Contract Year. A twelve-month period beginning with the date shown on your Contract and with each anniversary thereafter.
Eligible Fund. A portfolio of an open-end management investment company that is registered with the Securities and Exchange Commission in which a subaccount invests. May also be referred to as "Portfolio Company.”
Fixed Account. A part of the Company’s general account to which you can allocate net purchase payments. The Fixed Account provides guarantees of principal and interest.
Variable Account. A separate investment account of the Company, the New England Variable Annuity Separate Account. The Variable Account is divided into subaccounts; each invests in shares of one Eligible Fund.
Updated Information You Should Consider About the Contract
The information in this Updating Summary Prospectus is a summary of certain Contract features that have changed since the Updating Summary Prospectus dated April 28, 2025. This may not reflect all of the changes that have occurred since you entered into your Contract.
On November 6, 2025, Brighthouse Financial, Inc. (“BHF”) and Aquarian Capital LLC (“Aquarian”) announced that they had entered into a definitive agreement under which an affiliate of Aquarian will acquire BHF. This transaction is subject to the satisfaction or waiver of customary closing conditions, including receipt of applicable regulatory approvals. Subject to such approvals and the satisfaction or waiver of the other conditions, the transaction is expected to be consummated in 2026.
Upon the consummation of the transaction, Aquarian will become the ultimate parent of BHF and NELICO will remain an indirect wholly-owned subsidiary of BHF. Although Aquarian will replace BHF as NELICO’s ultimate parent, NELICO will continue in its present role as the issuer of your Contract. All of your rights and benefits under your Contract and NELICO’s obligations under the Contract will remain unchanged.
Founded in 2017, Aquarian Capital is a diversified global holding company with a strategic portfolio of insurance and asset management solutions. Aquarian is headquartered in New York, NY.
Eligible Fund Name Changes.  Certain Eligible Funds were subject to a name change. The chart below identifies the former name and new name of these Eligible Funds.  
Former Name
New Name
American Funds Insurance Series®
American Funds Insurance Series®
American Funds Global Small Capitalization Fund
American Funds SMALLCAP World Fund®*
Brighthouse Funds Trust I
Brighthouse Funds Trust I
SSGA Growth ETF Portfolio
State Street Moderately Aggressive ETF Portfolio
SSGA Growth and Income ETF Portfolio
State Street Moderate ETF Portfolio
 

*The effective date of this name change is May 1, 2026.
3
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 during the first 7 years following a purchase
payment, you may be assessed a contingent deferred sales charge (or
Withdrawal Charge) of up to 7% of the purchase payment withdrawn,
declining to 0% over that time period.

For example, if you make an early withdrawal, you could pay a contingent
deferred sales charge of up to $7,000 on a $100,000 investment. This
loss will be greater if there are taxes or tax penalties.
Fee Table and
Examples
 
Administration
Charges,
Contingent
Deferred Sales
Charge and Other
Deductions –
Contingent
Deferred Sales
Charge
Are There
Transaction
Charges?
Yes. In addition to contingent deferred sales charges, you also may be
charged for the following transactions: transfers of cash value between
investment options, which include the Eligible Funds and the Fixed
Account.

Transfer Fee. Currently, we allow unlimited transfers among the
investment options without charge. However, we reserve the right to
charge for transfers.
Fee Table and
Examples
 
The Contracts –
Transfer Privilege
4
 
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, depending on the investment options you choose. Please refer
to your Contract specifications page for information about the specific fees
you will pay each year based on the options you have elected.
Fee Table and
Examples
 
Administration
Charges,
Contingent
Deferred Sales
Charge and Other
Deductions
 
Appendix A:
Investment Options
Available Under the
Contract
Annual Fee
Minimum
Maximum
Base Contract1
1.45%
1.45%
Portfolio Company
fees and expenses2
0.40%
1.38%
1 As a percentage of average daily net assets in the subaccounts. The charge shown also
includes the annual Administration Contract Charge.
2 As a percentage of fund assets before temporary expense reimbursements and/or fee
waivers, plus any applicable Platform Charge.
 
 
Because your Contract is customizable, the choices you make affect how
much you will pay. To help you understand the cost of owning your
Contract, the following table shows the lowest and highest cost you could
pay each year, based on current charges. This estimate assumes that you
do not take withdrawals from the Contract, which could add contingent
deferred sales charges that substantially increase costs.
Lowest Annual Cost
$1,668
Highest Annual Cost
$2,471
Assumes:
Assumes:
●Investment of $100,000
●5% annual appreciation
●Least expensive Portfolio Company
fees and expenses
●No sales charges
●No additional purchase payments,
transfers, loans, or withdrawals
●Investment of $100,000
●5% annual appreciation
●Most expensive Portfolio
Company fees and expenses
●No sales charges
●No additional purchase
payments, transfers, loans, or
withdrawals
5
 
Risks
Location in
Prospectus
Is There a Risk of
Loss from Poor
Performance?
Yes. You can lose money by investing in this Contract including loss of
principal.
Principal Risks of
Investing in the
Contract
Is This a
Short-Term
Investment?
No.
●This Contract is not a short-term investment and is not appropriate for
an investor who needs ready access to cash.
●If you take an early withdrawal, contingent deferred sales charges,
taxes, and tax penalties may apply. Withdrawals could significantly
reduce the value of your Contract, the death benefit, the amount
available for loans, and other Contract benefits. The reduction may be
more than the amount withdrawn.
●The benefits of tax deferral mean the Contract is more beneficial to
investors with a long time horizon.
Principal Risks of
Investing in the
Contract
What Are the
Risks Associated
with the
Investment
Options?
●An investment in this Contract is subject to the risk of poor investment
performance and can vary depending on the performance of the
investment options available under the Contract (e.g., Portfolio
Companies).
●Each investment option, including the Fixed Account, has its own unique
risks.
●You should review the prospectuses for the available funds and the
prospectus disclosure concerning the Fixed Account before making an
investment decision.
Principal Risks of
Investing in the
Contract
What Are the
Risks Related to
the Insurance
Company?
An investment in the Contract is subject to the risks related to us. Any
obligations (including under the Fixed Account) and guarantees and
benefits of the Contract that exceed the assets of the Variable Account are
subject to our claims-paying ability. If we experience financial distress, we
may not be able to meet our obligations to you. More information about
NELICO, including our financial strength ratings, is available by contacting
us at (888) 243-1968.
Principal Risks of
Investing in the
Contract
 
Restrictions
 
Are There Any
Restrictions on
the Investment
Options?
Yes.
●Currently, we allow unlimited transfers without charge among
investment options during the accumulation phase. However, we
reserve the right to limit transfers and to charge a transfer fee.
●We reserve the right to restrict payments and transfers to the Fixed
Account, and special rules may limit the amount that may be
transferred from the Fixed Account during a Contract Year.
●We may limit or prohibit subsequent purchase payments.
●We reserve the right to limit transfers in circumstances of frequent or
large transfers.
●We reserve the right to remove or substitute the Portfolio Companies
available as investment options under the Contract.
●The availability of the Portfolio Companies may vary depending on the
selling firm through which your Contract is sold.
The Variable
Account
 
The Contracts
 
The Fixed Account
 
Appendix E: State
and Financial
Intermediary
Variations
6
 
Restrictions
Location in
Prospectus
Are There Any
Restrictions on
Contract
Benefits?
Yes.
●Withdrawals will reduce the value of the death benefit, perhaps
significantly.
●The availability of Contract benefits may vary depending on the state
through which your Contract is issued or the selling firm through which
it is sold.
●Except as otherwise provided, Contract benefits may not be modified or
terminated by us.
The Contracts
 
Benefits Available
Under the Contract
 
Appendix E: State
and Financial
Intermediary
Variations
 
Taxes
 
What Are the
Contract’s Tax
Implications?
●Consult with a tax professional to determine the tax implications of an
investment in and payments received under this Contract.
●If you purchase the Contract through a tax-qualified plan or individual
retirement account, you do not get any additional tax benefit.
●You will generally not be taxed on increases in the value of the Contract
until they are withdrawn. Withdrawals will be subject to ordinary income
tax, and may be subject to tax penalties if you take a withdrawal before
age 59  1∕2.
Federal Income Tax
Considerations
 
Conflicts of Interest
 
How Are
Investment
Professionals
Compensated?
Your investment professional may receive compensation for selling this
Contract to you, in the form of commissions, additional cash benefits (e.g.,
bonuses), and non-cash compensation. This conflict of interest may
influence your investment professional to recommend this Contract over
another investment for which the investment professional is not
compensated or compensated less.
Distribution of the
Contracts
Should I
Exchange My
Contract?
If you already own an insurance contract, some investment professionals
may have a financial incentive to offer you a new contract in place of the
one you own. You should only exchange a contract you already own if you
determine, after comparing the features, fees, and risks of both contracts,
and any fees or penalties to terminate your existing contract, that it is
better for you to purchase the new contract rather than continue to own
your existing contract.
Replacement of
Contracts
7
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APPENDIX A
Investment Options Available Under the Contract
The following is a list of Eligible Funds under the Contract. More information about the Eligible Funds is available in the prospectuses for the Eligible Funds, which may be amended from time to time and can be found online at https://dfinview.com/BHF/PUFT/BHF3. You can also request this information at no cost by calling 1-833-208-3018 or sending an email request to [email protected].
The availability of the Eligible Funds may vary depending on the selling firm through which your contract is sold. See Appendix E: State and Financial Intermediary Variations.
The current expenses and performance information below reflects fees and expenses of the Eligible Funds, but do not reflect the other fees and expenses that your Contract may charge, such as Platform Charges (also referred to as an additional Mortality and Expense Risk Charge in your Contract). Expenses would be higher and performance would be lower if these other charges were included. Each Eligible Fund’s past performance is not necessarily an indication of future performance. 
Investment
Objectives
Portfolio Company
and
Adviser/Sub-Adviser
Current
Expenses
Platform
Charge§
Current
Expenses +
Platform
Charge
Average Annual
Total Returns
(as of 12/31/2025)
1
Year
5
Year
10
Year
Seeks growth of
capital.
American Funds
Growth Fund —
Class 2
Capital Research and
Management
CompanySM
0.58%
0.25%
0.83%
20.24%
13.37%
17.97%
Seeks long-term
growth of capital and
income.
American Funds
Growth-Income
Fund — Class 2
Capital Research and
Management
CompanySM
0.53%
0.25%
0.78%
18.06%
13.90%
13.92%
Seeks long-term
growth of capital.
American Funds
SMALLCAP World
Fund® — Class 21#
Capital Research and
Management
CompanySM
0.90%
0.25%
1.15%
14.64%
0.49%
7.23%
Seeks as high a level
of current income as
is consistent with the
preservation of
capital.
American Funds The
Bond Fund of
America — Class 2#
Capital Research and
Management
CompanySM
0.47%
0.25%
0.72%
7.26%
-0.14%
2.36%
Seeks growth of
capital.
American Funds®
Aggressive Allocation
Portfolio — Class C‡
Brighthouse
Investment Advisers,
LLC
0.99%
None
0.99%
19.90%
9.30%
10.88%
A-1
Investment
Objectives
Portfolio Company
and
Adviser/Sub-Adviser
Current
Expenses
Platform
Charge§
Current
Expenses +
Platform
Charge
Average Annual
Total Returns
(as of 12/31/2025)
1
Year
5
Year
10
Year
Seeks a balance
between a high level
of current income and
growth of capital, with
a greater emphasis on
growth of capital.
American Funds®
Balanced Allocation
Portfolio — Class C‡
Brighthouse
Investment Advisers,
LLC
0.96%
None
0.96%
17.02%
7.26%
8.99%
Seeks a high total
return in the form of
income and growth of
capital, with a greater
emphasis on income.
American Funds®
Moderate Allocation
Portfolio — Class C‡
Brighthouse
Investment Advisers,
LLC
0.95%
None
0.95%
14.46%
5.71%
7.30%
Seeks growth of
capital.
Brighthouse Asset
Allocation 100
Portfolio — Class B‡
Brighthouse
Investment Advisers,
LLC
0.96%
None
0.96%
17.06%
8.63%
10.70%
Seeks a high level of
current income, while
seeking preservation
of shareholders’
capital.
Brighthouse/Franklin
Low Duration Total
Return Portfolio —
Class B#
Brighthouse
Investment Advisers,
LLC
Subadviser: Franklin
Advisers, Inc.
0.75%
None
0.75%
5.25%
2.14%
2.23%
Seeks long-term
capital appreciation.
Brighthouse/
Wellington Large Cap
Research Portfolio —
Class B#
Brighthouse
Investment Advisers,
LLC
Subadviser: Wellington
Management
Company LLP
0.79%
None
0.79%
15.62%
12.01%
13.33%
Seeks total return
through investment in
real estate securities,
emphasizing both
capital appreciation
and current income.
CBRE Global Real
Estate Portfolio —
Class B#
Brighthouse
Investment Advisers,
LLC
Subadviser: CBRE
Investment
Management Listed
Real Assets LLC
0.91%
None
0.91%
6.75%
4.03%
3.95%
A-2
Investment
Objectives
Portfolio Company
and
Adviser/Sub-Adviser
Current
Expenses
Platform
Charge§
Current
Expenses +
Platform
Charge
Average Annual
Total Returns
(as of 12/31/2025)
1
Year
5
Year
10
Year
Seeks long-term
capital appreciation.
Harris Oakmark
International
Portfolio — Class E#
Brighthouse
Investment Advisers,
LLC
Subadviser: Harris
Associates L.P.
0.87%
None
0.87%
32.98%
6.56%
6.84%
Seeks capital
appreciation.
Invesco Global Equity
Portfolio — Class B#
Brighthouse
Investment Advisers,
LLC
Subadviser: Invesco
Advisers, Inc.
0.83%
None
0.83%
15.60%
7.30%
11.00%
Seeks long-term
growth of capital.
Invesco Small Cap
Growth Portfolio —
Class B#
Brighthouse
Investment Advisers,
LLC
Subadviser: Invesco
Advisers, Inc.
0.99%
None
0.99%
5.83%
-0.91%
9.00%
Seeks high total
investment return
through a combination
of capital appreciation
and income.
Loomis Sayles Global
Allocation Portfolio —
Class B#
Brighthouse
Investment Advisers,
LLC
Subadviser: Loomis,
Sayles & Company,
L.P.
1.04%
None
1.04%
12.59%
6.25%
9.22%
Seeks long-term
growth of capital.
Loomis Sayles Growth
Portfolio — Class A#
Brighthouse
Investment Advisers,
LLC
Subadviser: Loomis,
Sayles & Company,
L.P.
0.55%
None
0.55%
15.21%
15.06%
14.19%
A-3
Investment
Objectives
Portfolio Company
and
Adviser/Sub-Adviser
Current
Expenses
Platform
Charge§
Current
Expenses +
Platform
Charge
Average Annual
Total Returns
(as of 12/31/2025)
1
Year
5
Year
10
Year
Seeks capital
appreciation.
MFS® Research
International
Portfolio — Class B#
Brighthouse
Investment Advisers,
LLC
Subadviser:
Massachusetts
Financial Services
Company
0.81%
None
0.81%
22.41%
5.54%
7.57%
Seeks capital
appreciation.
Morgan Stanley
Discovery Portfolio —
Class B#
Brighthouse
Investment Advisers,
LLC
Subadviser: Morgan
Stanley Investment
Management Inc.
0.90%
None
0.90%
13.19%
-5.83%
14.00%
Seeks maximum real
return, consistent with
preservation of capital
and prudent
investment
management.
PIMCO Inflation
Protected Bond
Portfolio — Class B
Brighthouse
Investment Advisers,
LLC
Subadviser: Pacific
Investment
Management
Company LLC
1.38%
None
1.38%
7.74%
1.15%
3.09%
Seeks maximum total
return, consistent with
the preservation of
capital and prudent
investment
management.
PIMCO Total Return
Portfolio — Class B#
Brighthouse
Investment Advisers,
LLC
Subadviser: Pacific
Investment
Management
Company LLC
0.83%
None
0.83%
8.90%
-0.07%
2.30%
Seeks growth of
capital and income.
State Street Moderate
ETF Portfolio —
Class B‡
Brighthouse
Investment Advisers,
LLC
Subadviser: SSGA
Funds Management,
Inc.
0.75%
None
0.75%
16.78%
7.19%
7.85%
A-4
Investment
Objectives
Portfolio Company
and
Adviser/Sub-Adviser
Current
Expenses
Platform
Charge§
Current
Expenses +
Platform
Charge
Average Annual
Total Returns
(as of 12/31/2025)
1
Year
5
Year
10
Year
Seeks growth of
capital.
State Street
Moderately Aggressive
ETF Portfolio —
Class B‡
Brighthouse
Investment Advisers,
LLC
Subadviser: SSGA
Funds Management,
Inc.
0.78%
None
0.78%
19.23%
9.01%
9.31%
Seeks long-term
growth of capital.
T. Rowe Price Mid Cap
Growth Portfolio —
Class B#
Brighthouse
Investment Advisers,
LLC
Subadviser: T. Rowe
Price Associates, Inc.
Sub-Subadviser: T.
Rowe Price
Investment
Management, Inc.
0.95%
None
0.95%
3.42%
3.83%
9.77%
Seeks high total return
by investing in equity
securities of mid-sized
companies.
Victory Sycamore Mid
Cap Value Portfolio —
Class B#
Brighthouse
Investment Advisers,
LLC
Subadviser: Victory
Capital Management
Inc.
0.85%
None
0.85%
2.29%
9.62%
9.58%
Seeks long-term
growth of capital.
Baillie Gifford
International Stock
Portfolio — Class A#
Brighthouse
Investment Advisers,
LLC
Subadviser: Baillie
Gifford Overseas
Limited
0.74%
None
0.74%
19.31%
0.96%
7.62%
Seeks a competitive
total return primarily
from investing in
fixed-income
securities.
BlackRock Bond
Income Portfolio —
Class A#
Brighthouse
Investment Advisers,
LLC
Subadviser:
BlackRock Advisors,
LLC
0.38%
None
0.38%
7.95%
-0.17%
2.38%
A-5
Investment
Objectives
Portfolio Company
and
Adviser/Sub-Adviser
Current
Expenses
Platform
Charge§
Current
Expenses +
Platform
Charge
Average Annual
Total Returns
(as of 12/31/2025)
1
Year
5
Year
10
Year
Seeks long-term
growth of capital.
BlackRock Capital
Appreciation
Portfolio — Class A#
Brighthouse
Investment Advisers,
LLC
Subadviser:
BlackRock Advisors,
LLC
0.56%
None
0.56%
13.19%
11.07%
15.80%
Seeks a high level of
current income
consistent with
prudent investment
risk and preservation
of capital.
BlackRock Ultra-Short
Term Bond
Portfolio — Class A#
Brighthouse
Investment Advisers,
LLC
Subadviser:
BlackRock Advisors,
LLC
0.37%
None
0.37%
4.15%
3.09%
2.10%
Seeks a high level of
current income, with
growth of capital as a
secondary objective.
Brighthouse Asset
Allocation 20
Portfolio — Class B#‡
Brighthouse
Investment Advisers,
LLC
0.93%
None
0.93%
9.25%
2.06%
3.97%
Seeks high total return
in the form of income
and growth of capital,
with a greater
emphasis on income.
Brighthouse Asset
Allocation 40
Portfolio — Class B‡
Brighthouse
Investment Advisers,
LLC
0.91%
None
0.91%
11.50%
3.84%
5.69%
Seeks a balance
between a high level
of current income and
growth of capital, with
a greater emphasis on
growth of capital.
Brighthouse Asset
Allocation 60
Portfolio — Class B‡
Brighthouse
Investment Advisers,
LLC
0.91%
None
0.91%
13.77%
5.55%
7.47%
Seeks growth of
capital.
Brighthouse Asset
Allocation 80
Portfolio — Class B‡
Brighthouse
Investment Advisers,
LLC
0.93%
None
0.93%
15.63%
7.18%
9.22%
A-6
Investment
Objectives
Portfolio Company
and
Adviser/Sub-Adviser
Current
Expenses
Platform
Charge§
Current
Expenses +
Platform
Charge
Average Annual
Total Returns
(as of 12/31/2025)
1
Year
5
Year
10
Year
Seeks long-term
capital growth.
Brighthouse/Artisan
Mid Cap Value
Portfolio — Class A#
Brighthouse
Investment Advisers,
LLC
Subadviser: Artisan
Partners Limited
Partnership
0.78%
None
0.78%
1.82%
7.04%
8.32%
Seeks long-term
capital appreciation
with some current
income.
Brighthouse/
Wellington Balanced
Portfolio — Class B
Brighthouse
Investment Advisers,
LLC
Subadviser: Wellington
Management
Company LLP
0.77%
None
0.77%
12.38%
7.18%
9.14%
Seeks to provide a
growing stream of
income over time and,
secondarily, long-term
capital appreciation
and current income.
Brighthouse/
Wellington Core Equity
Opportunities
Portfolio — Class A#
Brighthouse
Investment Advisers,
LLC
Subadviser: Wellington
Management
Company LLP
0.62%
None
0.62%
7.83%
8.29%
10.73%
Seeks maximum
capital appreciation.
Frontier Mid Cap
Growth Portfolio —
Class B#
Brighthouse
Investment Advisers,
LLC
Subadviser: Frontier
Capital Management
Company, LLC
0.94%
None
0.94%
4.90%
3.52%
9.88%
Seeks long-term
growth of capital.
Jennison Growth
Portfolio — Class A#
Brighthouse
Investment Advisers,
LLC
Subadviser: Jennison
Associates LLC
0.54%
None
0.54%
14.04%
10.28%
16.71%
A-7
Investment
Objectives
Portfolio Company
and
Adviser/Sub-Adviser
Current
Expenses
Platform
Charge§
Current
Expenses +
Platform
Charge
Average Annual
Total Returns
(as of 12/31/2025)
1
Year
5
Year
10
Year
Seeks long-term
capital growth from
investments in
common stocks or
other equity
securities.
Loomis Sayles Small
Cap Core Portfolio —
Class A#
Brighthouse
Investment Advisers,
LLC
Subadviser: Loomis,
Sayles & Company,
L.P.
0.90%
None
0.90%
5.29%
7.44%
9.43%
Seeks long-term
capital growth.
Loomis Sayles Small
Cap Growth
Portfolio — Class B#
Brighthouse
Investment Advisers,
LLC
Subadviser: Loomis,
Sayles & Company,
L.P.
1.14%
None
1.14%
3.73%
2.28%
9.84%
Seeks to track the
performance of the
Bloomberg
U.S. Aggregate Bond
Index.
MetLife Aggregate
Bond Index
Portfolio — Class B#
Brighthouse
Investment Advisers,
LLC
Subadviser: MetLife
Investment
Management, LLC
0.51%
None
0.51%
6.80%
-0.88%
1.51%
Seeks to track the
performance of the
Standard & Poor’s
MidCap 400®
Composite Stock Price
Index.
MetLife Mid Cap Stock
Index Portfolio —
Class B
Brighthouse
Investment Advisers,
LLC
Subadviser: MetLife
Investment
Management, LLC
0.55%
None
0.55%
6.86%
8.54%
10.16%
Seeks to track the
performance of the
MSCI EAFE® Index.
MetLife MSCI EAFE®
Index Portfolio —
Class B
Brighthouse
Investment Advisers,
LLC
Subadviser: MetLife
Investment
Management, LLC
0.62%
None
0.62%
30.70%
8.35%
7.76%
A-8
Investment
Objectives
Portfolio Company
and
Adviser/Sub-Adviser
Current
Expenses
Platform
Charge§
Current
Expenses +
Platform
Charge
Average Annual
Total Returns
(as of 12/31/2025)
1
Year
5
Year
10
Year
Seeks to track the
performance of the
Russell 2000® Index.
MetLife Russell
2000® Index
Portfolio — Class B
Brighthouse
Investment Advisers,
LLC
Subadviser: MetLife
Investment
Management, LLC
0.55%
None
0.55%
12.33%
5.71%
9.27%
Seeks to track the
performance of the
Standard & Poor’s
500® Composite
Stock Price Index.
MetLife Stock Index
Portfolio — Class B#
Brighthouse
Investment Advisers,
LLC
Subadviser: MetLife
Investment
Management, LLC
0.52%
None
0.52%
17.28%
13.84%
14.24%
Seeks a favorable
total return through
investment in a
diversified portfolio.
MFS® Total Return
Portfolio — Class E#
Brighthouse
Investment Advisers,
LLC
Subadviser:
Massachusetts
Financial Services
Company
0.77%
None
0.77%
10.94%
6.26%
7.49%
Seeks capital
appreciation.
MFS® Value
Portfolio — Class A#
Brighthouse
Investment Advisers,
LLC
Subadviser:
Massachusetts
Financial Services
Company
0.58%
None
0.58%
13.29%
10.11%
10.27%
Seeks high total
return, consisting
principally of capital
appreciation.
Neuberger Berman
Genesis Portfolio —
Class A#
Brighthouse
Investment Advisers,
LLC
Subadviser: Neuberger
Berman Investment
Advisers LLC
0.81%
None
0.81%
-4.57%
2.86%
9.12%
A-9
Investment
Objectives
Portfolio Company
and
Adviser/Sub-Adviser
Current
Expenses
Platform
Charge§
Current
Expenses +
Platform
Charge
Average Annual
Total Returns
(as of 12/31/2025)
1
Year
5
Year
10
Year
Seeks long-term
growth of capital.
T. Rowe Price Large
Cap Growth
Portfolio — Class B#
Brighthouse
Investment Advisers,
LLC
Subadviser: T. Rowe
Price Associates, Inc.
0.81%
None
0.81%
15.45%
9.37%
14.10%
Seeks long-term
capital growth.
T. Rowe Price Small
Cap Growth
Portfolio — Class B
Brighthouse
Investment Advisers,
LLC
Subadviser: T. Rowe
Price Associates, Inc.
0.76%
None
0.76%
10.00%
5.48%
10.60%
Seeks to maximize
total return consistent
with preservation of
capital.
Western Asset
Management
Strategic Bond
Opportunities
Portfolio — Class A††
Brighthouse
Investment Advisers,
LLC
Subadviser: Western
Asset Management
Company LLC
0.57%
None
0.57%
9.07%
1.42%
4.03%
Seeks to maximize
total return consistent
with preservation of
capital.
Western Asset
Management
Strategic Bond
Opportunities
Portfolio — Class B#
Brighthouse
Investment Advisers,
LLC
Subadviser: Western
Asset Management
Company LLC
0.82%
None
0.82%
8.88%
1.17%
3.77%
Seeks to maximize
total return consistent
with preservation of
capital and
maintenance of
liquidity.
Western Asset
Management
U.S. Government
Portfolio — Class A#
Brighthouse
Investment Advisers,
LLC
Subadviser: Western
Asset Management
Company LLC
0.50%
None
0.50%
7.07%
0.59%
1.82%
§
We reserve the right to impose a Platform Charge on any Fund option that we add in the future, not to exceed an annual rate of 0.25%.
A-10
#
Certain Eligible Funds and their investment advisers have entered into temporary expense reimbursements and/or fee waivers, which are reflected in the Current Expenses. Please see the Eligible Funds' prospectuses for additional information regarding these arrangements.
‡
This Eligible Fund is a fund of funds and invests substantially all of its assets in other underlying funds. Because the Eligible Fund invests in other funds, it will bear its pro rata portion of the operating expenses of those underlying funds, including the management fee.
††
Closed to new investments except under dollar cost averaging and rebalancing programs in existence at the time of closing.
1
Until May 1, 2026, the name of this Eligible Fund is American Funds Global Small Capitalization Fund.
The following lists the Fixed Account option currently available under the Contract. The Fixed Account listed below will also be used if you participate in a dollar cost averaging program and instruct us to make transfers to or from the Fixed Account. We may change the features of the Fixed Account listed below, offer new Fixed Account investment options, and terminate existing Fixed Account investment options. We will provide you with written notice before doing so.  
Name
Term (Guarantee Period)
Guaranteed Minimum
Interest Rate
Fixed Account
12 months
1%
A-11
 
The prospectus and statement of additional information (“SAI”) include additional information. The prospectus and SAI are dated the same as the summary prospectus and are incorporated by reference. The prospectus and SAI are available, without charge, upon request. For a free copy, call us at 1-833-208-3018, or send an email request to [email protected]. You can also access the prospectus, SAI and other information about the Contract online at https://dfinview.com/BHF/PUFT/BHF3.
Reports and other information about NELICO are available on the SEC’s website at https://www.sec.gov/ and copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: [email protected].
EDGAR Contract Identifier No. is C000013334

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