Form 497VPU BRIGHTHOUSE SEPARATE
The Variable Annuity Contract
issued by
Brighthouse Life Insurance Company
and
Brighthouse Separate Account A
PrimElite III
Updating Summary Prospectus
April 27, 2026
A flexible premium deferred variable annuity contract
The prospectus for the PrimElite III Variable Annuity Contract (the “Contract” or “contract”), a flexible premium deferred variable annuity contract issued by Brighthouse Life Insurance Company (“BLIC”, 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/BHF152. You can also obtain this information at no cost by calling (888) 243-1932 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
Special Terms
Account Value. The sum of your
interests in the Investment Portfolios and the Fixed Account.
Accumulation Phase. The period before the commencement of Annuity Payments.
Contract Year. A Contract Year is defined as a one-year period starting on the date the contract is issued and on each
contract anniversary thereafter.
Fixed Account. The Fixed Account is part of our general account and offers an interest rate that is guaranteed by us.
Our general account consists of all assets owned by us other than those in the Separate
Account and our other separate accounts.
Investment Portfolios.
The means of investing offered to Owners in various underlying fund portfolios.
Purchase Payment. A Purchase Payment is the money you give us to invest in the contract. The initial Purchase Payment is due on the date the contract is issued. You may also be permitted to make subsequent Purchase
Payments.
Separate Account. We have
established Brighthouse Separate Account A to hold the assets that underlie the
Contracts.
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 (“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 BLIC will remain an indirect wholly-owned subsidiary of BHF. Although Aquarian will replace BHF as BLIC’s ultimate parent, BLIC will continue in its present role as the issuer of your contract. All of your rights and benefits under your contract and BLIC’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.
Trust Reorganization. Each of the following Former Investment Portfolios has been reorganized into the New Investment Portfolios of
the New Trust.
| Former
Trust |
New
Trust |
| Legg Mason Partners Variable Equity Trust |
Lincoln Variable Insurance Products Trust |
| ClearBridge Variable Appreciation Portfolio |
LVIP ClearBridge Appreciation Fund |
| ClearBridge Variable Dividend Strategy Portfolio |
LVIP ClearBridge Dividend Strategy Fund |
| ClearBridge Variable Large Cap Growth Portfolio |
LVIP ClearBridge Large Cap Growth Fund |
| ClearBridge Variable Large Cap Value Portfolio |
LVIP ClearBridge Large Cap Value Fund |
Portfolio Name Changes. Certain Investment Portfolios were subject to a name change. The chart below identifies the former name and new name of the Investment Portfolios.
| Former
Name |
New
Name |
| American Funds Insurance
Series® |
American Funds Insurance
Series® |
| American Funds Global Small Capitalization Fund |
American Funds SMALLCAP World
Fund®*
|
* 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 8 full Contract Years following a Purchase Payment, you may be assessed a withdrawal charge of up to 8% of the Purchase Payment withdrawn, declining to 0% over that time period. For example, if you make an early withdrawal, you could pay a withdrawal
charge of up to $8,000 on a $100,000 investment. This loss will be
greater if there are taxes or tax penalties.
|
Fee Table and
Examples
Expenses – Withdrawal Charge | |||
| Are There
Transaction
Charges? |
Yes. In addition to withdrawal charges, you also may be charged for the
following transactions: transfers of cash value between investment
options, which include the Investment Portfolios 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
after the first 12 transfers per year. |
Fee Table and Examples Expenses – Transfer Fee | |||
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 and
optional benefits 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
Expenses –
Product
Charges
Appendix A:
Investment
Options
Available
Under the
Contract | |||
| Annual Fee |
Minimum |
Maximum | |||
| Base Contract1 |
1.54% |
1.54% | |||
| Investment Portfolio fees and expenses2
|
0.53% |
1.15% | |||
| Optional benefits available for
an additional charge (for a
single optional benefit, if
elected) |
0.15%3 |
0.25%4 | |||
| 1 As a percentage of average Account Value in the Separate Account. The charge shown also includes the Account Fee. 2 As a percentage of fund assets before
temporary expense reimbursements and/or fee waivers. 3 As a percentage of average Account Value in the Separate Account. This charge is the current
charge for the least expensive optional benefit.
4 As a percentage of average Account Value in the Separate Account. This charge is the current charge for the most expensive optional benefit. | |||||
| Because your Contract is customizable, the choices you make affect how
much you will pay. To help you understand the cost of owning your
Contract, the following table shows the lowest and
highest cost you could pay each year, based on current charges. This estimate
assumes that you do not take withdrawals from the
Contract, which could add withdrawal charges that substantially increase costs. | |||||
| Lowest Annual Cost
$1,862 |
Highest Annual Cost
$3,033 | ||||
| Assumes: |
Assumes: | ||||
| ●Investment of $100,000 ●5% annual appreciation ●Least expensive Investment Portfolio fees and expenses ●No sales charges ●No optional benefits ●No additional Purchase Payments, transfers, or withdrawals |
●Investment of $100,000 ●5% annual appreciation ●Most expensive combination of optional benefits and Investment Portfolio fees and
expenses ●No sales charges ●No additional Purchase
Payments, transfers, or withdrawals | ||||
| |
Risks |
| |||
| 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 | |||
5
| |
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 withdrawal charges,
taxes, and tax penalties. Withdrawal charges may apply
for the first 8 years following a Purchase Payment. Withdrawal charges will reduce the value of
your Contract if you withdraw money during that time.
Withdrawals could significantly reduce the value of your
Contract, the death benefit, and other Contract benefits,
including the optional death benefit. The reduction may be
more than the amount withdrawn. The benefits of tax deferral and living benefit protection also mean the
Contract is more beneficial to investors with a long time
horizon. |
Principal Risks
of Investing in
the Contract | |||
| What Are the
Risks Associated
with the
Investment
Options? |
●An investment in this Contract is subject to the risk of poor investment
performance and can vary depending on the performance of the investment
options available under the Contract (e.g., Investment Portfolios). ●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 Separate Account are subject to
our claims-paying ability. If we experience financial distress, we may
not be able to meet our obligations to you. More
information about BLIC, including our financial strength
ratings, is available by contacting us at (888) 243-
1968. |
Principal Risks
of Investing in
the Contract | |||
| |
Restrictions |
| |||
| Are There
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 or impose a charge for transfers in excess of 12 per
year. ●We reserve the right to limit transfers in circumstances of
frequent or large transfers. ●We reserve the right to restrict payments to and transfers to and from the
Fixed Account. ●We reserve the right to remove or substitute the Investment Portfolios
available as investment options under the Contract. ●The availability of the Investment Portfolios may vary depending on the selling firm through which your Contract is sold. |
Purchase
Investment
Options
Appendix D:
State and
Financial
Intermediary
Variations | |||
| Are There Any
Restrictions on
Contract Benefits? |
Yes. ●Certain optional benefits could limit subsequent Purchase
Payments. ●Withdrawals will reduce the value of the death benefit, perhaps
significantly. ●Withdrawals may reduce the value of an optional benefit by an amount
greater than the value withdrawn, which could significantly reduce the
value or even terminate the benefit. ●We may stop offering an optional benefit at any time for new sales. ●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. |
Purchase – Investment Allocation Restrictions for Certain Riders Death Benefit Appendix D: State and Financial Intermediary Variations
| |||
6
| |
Taxes |
Location in
Prospectus | |||
| 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
Status | |||
| |
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. |
Other
Information –
Distributor | |||
| Should I
Exchange My
Contract? |
If you already own an insurance contract, some investment professionals
may have a financial incentive to offer you a new
contract in place of the one you own. You should only
exchange a contract you already own if you determine,
after comparing the features, fees, and risks of both contracts, and any fees or penalties to terminate the existing contract, that it is better for
you to purchase the new Contract rather than continue to own your
existing contract. |
Replacement of Contracts and Other Exchanges | |||
7
APPENDIX A
Investment Options Available Under the Contract
The following is a list of Investment Portfolios under the Contract. More information about the Investment Portfolios is
available in the prospectuses for the Investment Portfolios, which may be amended from time to time and can be found online at https://dfinview.com/BHF/PUFT/BHF152. You can also request this information at no cost by calling (888)
243-1932 or sending an email request to [email protected].
The availability of the Investment Portfolios may vary depending on the selling firm through which your Contract is sold. See Appendix D: State and Financial Intermediary Variations.
The current expenses and performance information below reflects fees and expenses of the Investment
Portfolio, 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 Investment Portfolio’s past performance is not necessarily an indication of future performance.
| Investment Objectives |
Portfolio Company and
Adviser/Sub-Adviser |
Current
Expenses |
Average Annual
Total Returns
(as of 12/31/2025) | ||
| 1
Year |
5
Year |
10
Year | |||
| Seeks both capital appreciation and
current income. |
Invesco V.I. Equity and Income
Fund — Series II
Invesco Advisers, Inc. |
0.82% |
12.52% |
8.68% |
8.64% |
| Seeks long-term growth of capital. |
American Funds Global Growth
Fund — Class 2# Capital Research and Management CompanySM |
0.65% |
21.62% |
8.23% |
12.17% |
| Seeks growth of capital. |
American Funds Growth
Fund — Class 2
Capital Research and Management
CompanySM |
0.58% |
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% |
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% |
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% |
7.26% |
-0.14% |
2.36% |
| Seeks long-term capital appreciation. |
Brighthouse Small Cap Value
Portfolio — Class B†† Brighthouse Investment Advisers, LLC Subadviser: Allspring Global
Investments, LLC |
1.03% |
-3.21% |
6.43% |
8.07% |
| Seeks 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% |
6.75% |
4.03% |
3.95% |
A-1
| Investment Objectives |
Portfolio Company and
Adviser/Sub-Adviser |
Current
Expenses |
Average Annual
Total Returns
(as of 12/31/2025) | ||
| 1
Year |
5
Year |
10
Year | |||
| Seeks capital growth and income. |
Invesco Comstock
Portfolio — Class B# Brighthouse Investment Advisers, LLC Subadviser: Invesco Advisers,
Inc. |
0.81% |
17.31% |
15.15% |
11.83% |
| Seeks capital appreciation. |
Invesco Global Equity
Portfolio — Class B†† Brighthouse Investment Advisers, LLC Subadviser: Invesco Advisers,
Inc. |
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% |
5.83% |
-0.91% |
9.00% |
| Seeks long-term growth of capital. |
Loomis Sayles Growth
Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Loomis, Sayles &
Company, L.P. |
0.55% |
15.21% |
15.06% |
14.19% |
| Seeks capital appreciation. |
MFS® Research International
Portfolio — Class B# Brighthouse Investment Advisers, LLC Subadviser: Massachusetts
Financial Services Company
|
0.81% |
22.41% |
5.54% |
7.57% |
| Seeks long-term capital appreciation
by investing in common stocks
believed to be undervalued. Income
is a secondary objective. |
T. Rowe Price Large Cap Value
Portfolio — Class E# Brighthouse Investment Advisers, LLC Subadviser: T. Rowe Price
Associates, Inc. |
0.68% |
12.16% |
10.39% |
10.20% |
| Seeks long-term growth of capital. |
Baillie Gifford International Stock
Portfolio — Class B†† Brighthouse Investment Advisers, LLC Subadviser: Baillie Gifford
Overseas Limited |
0.99% |
18.96% |
0.70% |
7.34% |
| Seeks a competitive total return
primarily from investing in fixed-
income securities. |
BlackRock Bond Income
Portfolio — Class E†† Brighthouse Investment Advisers, LLC Subadviser: BlackRock Advisors,
LLC |
0.53% |
7.79% |
-0.32% |
2.22% |
| Seeks long-term growth of capital. |
BlackRock Capital Appreciation
Portfolio — Class A†† Brighthouse Investment Advisers, LLC Subadviser: BlackRock Advisors,
LLC |
0.56% |
13.19% |
11.07% |
15.80% |
A-2
| Investment Objectives |
Portfolio Company and
Adviser/Sub-Adviser |
Current
Expenses |
Average Annual
Total Returns
(as of 12/31/2025) | ||
| 1
Year |
5
Year |
10
Year | |||
| Seeks a high level of current income
consistent with prudent investment
risk and preservation of capital. |
BlackRock Ultra-Short Term Bond
Portfolio — Class E# Brighthouse Investment Advisers, LLC Subadviser: BlackRock Advisors,
LLC |
0.52% |
3.99% |
2.93% |
1.95% |
| Seeks to provide a growing stream of
income over time and, secondarily,
long-term capital appreciation and
current income. |
Brighthouse/Wellington Core Equity
Opportunities
Portfolio — Class A†† Brighthouse Investment Advisers, LLC Subadviser: Wellington
Management Company LLP
|
0.62% |
7.83% |
8.29% |
10.73% |
| Seeks 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 B# Brighthouse Investment Advisers, LLC Subadviser: Wellington
Management Company LLP
|
0.87% |
7.54% |
8.02% |
10.45% |
| Seeks long-term growth of capital. |
Jennison Growth
Portfolio — Class B†† Brighthouse Investment Advisers, LLC Subadviser: Jennison Associates
LLC |
0.79% |
13.72% |
10.01% |
16.41% |
| Seeks a favorable total return
through investment in a diversified
portfolio. |
MFS® Total Return
Portfolio — Class F# Brighthouse Investment Advisers, LLC Subadviser: Massachusetts
Financial Services Company
|
0.82% |
10.89% |
6.20% |
7.44% |
| Seeks capital appreciation. |
MFS® Value Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Massachusetts
Financial Services Company
|
0.58% |
13.29% |
10.11% |
10.27% |
| Seeks high total return, consisting
principally of capital appreciation. |
Neuberger Berman Genesis
Portfolio — Class B†† Brighthouse Investment Advisers, LLC Subadviser: Neuberger Berman
Investment Advisers LLC
|
1.06% |
-4.74% |
2.62% |
8.86% |
| Seeks long-term growth of capital. |
T. Rowe Price Large Cap Growth
Portfolio — Class B# Brighthouse Investment Advisers, LLC Subadviser: T. Rowe Price
Associates, Inc. |
0.81% |
15.45% |
9.37% |
14.10% |
| Seeks to maximize total return
consistent with preservation of
capital. |
Western Asset Management Strategic
Bond Opportunities
Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Western Asset
Management Company LLC
|
0.57% |
9.07% |
1.42% |
4.03% |
A-3
| Investment Objectives |
Portfolio Company and
Adviser/Sub-Adviser |
Current
Expenses |
Average Annual
Total Returns
(as of 12/31/2025) | ||
| 1
Year |
5
Year |
10
Year | |||
| Seeks to maximize total return
consistent with preservation of
capital and maintenance of liquidity. |
Western Asset Management
U.S. Government
Portfolio — Class B# Brighthouse Investment Advisers, LLC Subadviser: Western Asset
Management Company LLC
|
0.75% |
6.81% |
0.35% |
1.57% |
| Seeks long-term growth of capital. |
Mid Cap Portfolio — Service Class 2
Fidelity Management & Research
Company LLC
Subadviser: FMR UK, FMR HK, and FMR Japan |
0.80% |
11.49% |
9.83% |
10.31% |
| Seeks to maximize income while
maintaining prospects for capital
appreciation. |
Franklin Income VIP
Fund — Class 2
Franklin Advisers, Inc. |
0.72% |
12.56% |
7.66% |
7.30% |
| Seeks capital appreciation, with
income as a secondary goal. |
Franklin Mutual Shares VIP
Fund — Class 2
Franklin Mutual Advisers, LLC |
0.94% |
11.52% |
9.20% |
7.53% |
| Seeks long-term growth of capital. |
ClearBridge Variable Small Cap
Growth Portfolio — Class I
Legg Mason Partners Fund Advisor,
LLC
Subadviser: ClearBridge Investments, LLC |
0.81% |
9.23% |
-0.17% |
9.38% |
| Seeks a balance of growth of capital
and income. |
Franklin Multi-Asset Variable
Conservative Growth
Fund — Class I‡ Legg Mason Partners Fund Advisor, LLC Subadviser: Franklin Advisers,
Inc. |
0.59% |
12.76% |
6.69% |
7.70% |
| Seeks capital appreciation. |
Franklin Multi-Asset Variable
Growth Fund — Class I‡ Legg Mason Partners Fund Advisor, LLC Subadviser: Franklin Advisers,
Inc. |
0.78% |
16.56% |
11.01% |
10.59% |
| Seeks long-term growth of capital. |
Franklin Multi-Asset Variable
Moderate Growth Fund — Class I#‡ Legg Mason Partners Fund Advisor, LLC Subadviser: Franklin Advisers,
Inc. |
0.76% |
14.86% |
9.31% |
9.45% |
| Seeks to maximize total return. |
Western Asset Variable Global High
Yield Bond Portfolio — Class I
Legg Mason Partners Fund Advisor,
LLC
Subadvisers: Western Asset Management Company, LLC; Western Asset Management Company Limited; Western Asset Management Company Pte. Ltd. |
0.81% |
9.96% |
2.56% |
5.33% |
A-4
| Investment Objectives |
Portfolio Company and
Adviser/Sub-Adviser |
Current
Expenses |
Average Annual
Total Returns
(as of 12/31/2025) | ||
| 1
Year |
5
Year |
10
Year | |||
| Seeks long-term capital appreciation. |
LVIP ClearBridge Appreciation
Fund — Class I# Legg Mason Partners Fund Advisor, LLC Subadviser: ClearBridge
Investments, LLC |
0.70% |
14.50% |
12.72% |
13.34% |
| Seeks dividend income, growth of
dividend income and long-term
capital appreciation. |
LVIP ClearBridge Dividend Strategy
Fund — Class I†† Legg Mason Partners Fund Advisor, LLC Subadviser: ClearBridge
Investments, LLC |
0.75% |
12.62% |
11.86% |
12.46% |
| Seeks dividend income, growth of
dividend income and long-term
capital appreciation. |
LVIP ClearBridge Dividend Strategy
Fund — Class II# Legg Mason Partners Fund Advisor, LLC Subadviser: ClearBridge
Investments, LLC |
1.00% |
12.46% |
11.69% |
12.29% |
| Seeks long-term growth of capital. |
LVIP ClearBridge Large Cap Growth
Fund — Class I# Legg Mason Partners Fund Advisor, LLC Subadviser: ClearBridge
Investments, LLC |
0.74% |
8.62% |
10.57% |
14.46% |
| Seeks long-term growth of capital as
its primary objective. Current
income is a secondary objective. |
LVIP ClearBridge Large Cap Value
Fund — Class I# Legg Mason Partners Fund Advisor, LLC Subadviser: ClearBridge
Investments, LLC |
0.72% |
10.20% |
10.11% |
10.01% |
| Seeks capital appreciation by
investing in a diversified portfolio of
securities consisting primarily of
common stocks. |
Victory Pioneer Mid Cap Value VCT
Portfolio — Class II# Victory Capital Management Inc. |
1.02% |
10.86% |
10.88% |
8.73% |
#
Certain Investment Portfolios and
their investment advisers have entered into temporary expense reimbursements and/or fee waivers, which are reflected in the Current Expenses. Please see the Investment Portfolios' prospectuses for additional information regarding these arrangements.
‡
This
Investment Portfolio is a fund of funds and invests substantially all of its assets in other
underlying funds. Because the Investment Portfolio 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 Investment Portfolio 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 |
Guaranteed Minimum Interest Rate |
| Fixed Account |
1% |
A-5
The prospectus and
statement of additional information (“SAI”) include additional information. The
prospectus and SAI are dated the same as this summary prospectus and are incorporated
by reference. The prospectus and SAI are available, without charge, upon request. For
a free copy, call us at (888) 243-1932, 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/BHF152.
Reports and other information about the Separate Account 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 C000151831
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