Form 497VPU Metropolitan Life Separa

April 24, 2026 9:29 AM EDT
April 27, 2026
Updating Summary Prospectus For Investors In
MetFlex Flexible Premium Variable Life Insurance Policy and
MetFlex C Flexible Premium Variable Life Insurance Policy
Issued by Separate Account UL Of Metropolitan Life Insurance Company
This Updating Summary Prospectus summarizes key features of MetFlex and MetFlex C Policies (the "Policy" or "Policies"), issued by Metropolitan Life Insurance Company (“Metropolitan Life”, “MetLife”, “we”, “our”, “us” or “the Company”).
The Prospectus for the Policies contains more information about the Policies, including features, benefits, and risks. You can find the current Prospectus and other information about the Policies online at dfinview.com/metlife/PUFT/MET000229. You can also obtain this information at no cost by calling (877) 638-3932 or by contacting us at [email protected].
Additional information about certain investment products, including variable life insurance contracts, has been prepared by the Securities and Exchange Commission’s staff and is available at Investor.gov.
Neither the Securities and Exchange Commission (“SEC”) nor any state securities authority has approved or disapproved of these securities, nor have they determined if this Prospectus is accurate or complete. Any representation otherwise is a criminal offense. This Prospectus does not constitute an offering in any jurisdiction where such offering may not lawfully be made. Interests in the Separate Account, the Fixed Account and the Portfolios are not deposits, 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, entity or person. MetLife’s obligations under the Policy are subject to its financial strength and claims-paying ability.
UPDATED INFORMATION ABOUT YOUR POLICY
The information in this Updating Summary Prospectus is a summary of certain Policy 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 Policy:
●
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 Policy" and Appendix A.
●
For updated Portfolio performance information please refer to Appendix A.
IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE POLICY 
 
FEES AND EXPENSES
LOCATION IN
PROSPECTUS
Charges for Early
Withdrawal
None
 — 
Transaction Charges
You may be charged for certain transactions, such as sales charges,
underwriting charges or other charges related to increases in
specified face amount, charges to pay for certain taxes when you
make a Premium payment or transfer Cash Value between
investment options.
Charges and
Deductions —  Sales
Charge; Administrative
Charge; Charge for
Average Expected State
and Local Taxes
Attributable to
Premiums; Charge for
Expected Federal Taxes
Attributable to
Premiums; and Other
Charges
Ongoing Fees and
Expenses (annual
charges)
In addition to charges described above, an investment in the Policy
is subject to certain ongoing fees and expenses, including a mortality
and expense risk charge, a monthly deduction covering the cost of
insurance under the Policy and charges for optional benefits added
by rider. Such fees and expenses are set based on characteristics of
the Insured (e.g., the Insured’s sex (if permitted by law and
applicable under your Policy), Age, underwriting class and rate
class. Please refer to the specifications page of your Policy for
applicable rates.
You will also bear expenses associated with the Portfolios available
under your Policy, as shown in the following table:
Charges and
Deductions– Charges
Included in the Monthly
Deduction
 
Charges and
Deductions – Charges
Included in the Monthly
Deduction
 
Charges and Deductions
–Portfolio Company
Charges
ANNUAL FEE
MIN.
MAX.
Investment options (Portfolio fees
and expenses)
0.25%
3.38%
 
RISKS
LOCATION IN
PROSPECTUS
Risk of Loss
You can lose money by investing in this Policy, including loss of
principal.
Principal Risks
3
 
RISKS
LOCATION IN
PROSPECTUS
Not a Short-Term
Investment
The Policy is designed to provide lifetime insurance protection. It
should not be used as a short-term investment or if you need ready
access to cash because you will be charged when you make Premium
payments. In addition, withdrawals may be subject to ordinary
income tax and tax penalties.
Principal Risks
Risks Associated with
Investment Options
An investment in this Policy is subject to the risk of poor investment
performance and can vary depending on the performance of the
Portfolios available under the Policy. Each investment option
(including any Fixed Account investment option) has its own unique
risks. You should review the investment options before making an
investment decision.
Principal Risks
Insurance Company
Risks
An investment in this Policy is subject to the risks related to
Metropolitan Life, including any obligations (including under any
Fixed Account investment option), guarantees, and benefits of the
Policy, including any death benefit, that are subject to the claims
paying ability of Metropolitan Life. If Metropolitan Life experiences
financial distress, it may not be able to meet its obligations to you.
More information about Metropolitan Life, including its financial
strength ratings, is available upon request by calling (877) 638-3932
or by visiting https://www.metlife.com/about-us/corporate-profile/
ratings.
Principal Risks
Contract Lapse
Your Policy may lapse if you have paid an insufficient amount of
Premiums or if the investment experience of the Portfolios is poor,
you have taken partial withdrawals, and the Cash Surrender Value
under your Policy is insufficient to cover the monthly deduction.
Lapse of a Policy on which there is an outstanding loan may have
adverse tax consequences. If the Policy lapses, no death benefit will
be paid. A Policy may be reinstated if the conditions for
reinstatement are met including the payment of required Premiums.
Principal Risks
 
RESTRICTIONS
LOCATION IN
PROSPECTUS
Investments
Policy owners may transfer Cash Value between and among the
Divisions and the Fixed Account. The minimum amount you may
transfer is $50 or, if less, the total amount in an investment option.
You may make transfers at any time. The maximum amount that you
may transfer or withdraw from the Fixed Account in any Policy year
is the greater of $50 and 25% of the largest amount in the Fixed
Account over the last four Policy years.
 
At the present time, no charge is assessed against the Cash Value of
a Policy when amounts are transferred among the Divisions of the
Separate Account and between the Divisions and the Fixed Account.
Metropolitan Life reserves to impose a charge of $25 per transfer.
Restrictions may apply to frequent transfers.
 
Metropolitan Life reserves the right to remove or substitute
Portfolios that are available under the Policy.
Cash Value, Transfers
and Withdrawals –
Cash Value Transfers
Optional Benefits
Restrictions or limitations may apply to certain optional benefits.
For example, benefits may be (i) no longer available, (ii) available
only when you apply for a Policy, (iii) unavailable in certain
combinations, or (iv) available only if your employer makes it
available. You should check with your employer regarding the
availability of riders.
Optional Benefits
4
 
TAXES
LOCATION IN
PROSPECTUS
Tax Implications
Consult with a tax professional to determine the tax implications of
an investment in and payments received under this Policy.
 
Withdrawals may be subject to ordinary income tax, and may be
subject to tax penalties.
 
Lapse of a Policy on which there is an outstanding loan may have
adverse tax consequences.
Federal Tax Matters
 
CONFLICTS OF INTEREST
LOCATION IN
PROSPECTUS
Investment
Professional
Compensation
Your investment professional may receive compensation relating to
your ownership of the Policy, both in the form of commissions and
continuing payments. These investment professionals may have a
financial incentive to offer or recommend the Policy over another
investment.
Sales of the Policy
Exchanges
Some investment professionals may have a financial incentive to
offer you a new policy in place of your current Policy. You should only
exchange your Policy if you determine, after comparing the features,
fees, and risks of both policies, that it is better for you to purchase
the new policy rather than continue to own your existing Policy.
Sales of The Policy
5
GLOSSARY
Age — The age of an Insured refers to the Insured’s age at his or her nearest birthday.
Attained Age — The Insured’s Issue Age plus the number of completed Policy years.
Base Policy — The Policy without riders.
Beneficiary — The beneficiary is the person or persons designated by the Policy owner to receive insurance proceeds upon the death of the Insured. A beneficiary may be changed as set forth in the Policy and this Prospectus. Unless otherwise stated in the Policy, the beneficiary has no rights in the Policy before the death of the Insured. If there is more than one beneficiary at the death of the Insured, each will receive equal payments unless otherwise provided by the Policy owner.
Cash Surrender Value — The amount You receive if You surrender the Policy. It is equal to the Policy’s Cash Value reduced by any outstanding Policy loan and accrued and unpaid interest.
Cash Value — A Policy’s cash value includes the amount of its cash value held in the Separate Account, the amount held in the Fixed Account, and if there is an outstanding Policy loan, the amount of its cash value held in the Loan Account.
Date of Policy — The date on which coverage under the Policy and monthly deductions begin. If you make a Premium payment with the application, unless you request otherwise, the date of policy is generally the date the Policy application is approved. If you choose to pay the initial Premium upon delivery of the Policy, unless you request otherwise, the date of policy is generally the date on which we receive your initial payment. The date of policy is used to measure Policy years, Policy months, and Policy anniversaries.
Designated Office — Our Designated Office varies based on the type of service request or transaction that you are making. For the most recent Designated Office address, please call (877) 638-3932 or contact us at [email protected].
Division — A sub-account of the Separate Account that invests in shares of an open-ended management investment company or other pools of investment assets.
Fixed Account  — The fixed account is a part of our General Account to which you may allocate Net Premiums. It provides guarantees of principal and interest. Aspects of the fixed account are briefly summarized in order to give a better understanding of how the Policy functions.
Fund — An underlying mutual fund in which the Separate Account assets are invested.
General Account — The assets of Metropolitan Life other than those allocated to the Separate Account.
Indebtedness — The total of any unpaid Policy loan and loan interest.
Insured — The person upon whose life the Policy is issued.
Investment Start Date —  The later of the policy date and the date we first receive a Premium payment for the Policy.
Issue Age — The Age of the Insured as of his or her birthday nearest to the policy date.
6
Loan Account — The account to which Cash Value from the Separate and/or Fixed Accounts is transferred when a Policy loan is taken.
Monthly Anniversary — The same date in each month as the policy date. For purposes of the Separate Account, whenever the monthly anniversary date falls on a date other than a valuation date, the next valuation date will be deemed to be the monthly anniversary.
Net Premium — The net premium is equal to the Premium payment minus the sales charge, state tax charge and federal tax charge, administrative charges and any rider charges.
Planned Premium — The planned premium is the Premium payment schedule you choose to help meet your future goals under the Policy. The planned premium consists of a first-year Premium amount and an amount for Premium payments in subsequent Policy years. It is subject to certain limits under the Policy.
Portfolio — A portfolio represents a class (or series) of a Fund in which a Division’s assets are invested.
Premiums — Premiums include all payments under the Policy, whether a Planned Premium or an unscheduled payment.
Separate Account — Metropolitan Life Separate Account UL, a separate account established by MetLife to receive and invest Premiums paid under the Policies and certain other variable life insurance policies, and to provide variable benefits.
Target Premium — We use the target premium to determine the amount of Mortality and Expense Risk Charge imposed on the Separate Account and the amount of sales charge imposed on Premium payments. The target premium varies by Issue Age, sex (except for unisex Policies), smoking status and any flat extras and substandard rating of the Insured, and the Policy’s base face amount, with additional amounts for most riders.
You — “You” refers to the Policy owner.
7
APPENDIX A: PORTFOLIOS AVAILABLE UNDER THE POLICY
The following is a list of the Portfolios currently available. Not all Divisions may be available under your Policy. You should check with your Employer as to which Divisions are available under your Policy. 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 dfinview.com/metlife/PUFT/MET000229. You can also request this information at no cost by calling (877) 638-3932 or by contacting us at [email protected].
The current expenses and performance information below reflects fees and expenses of the Portfolios, but does not reflect the other fees and expenses that the Policy 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
Global Equity
AB VPS Sustainable Global Thematic Portfolio* -
Class B
AllianceBernstein L.P.
1.20%
6.02%
3.02%
9.80%
US Equity
American Funds American High-Income Trust* -
Class 2
Capital Research and Management CompanySM
0.62%
8.24%
5.60%
6.96%
International Equity
American Funds EUPAC FundTM*#- Class 2
Capital Research and Management CompanySM
0.72%
26.77%
3.40%
7.00%
US Equity
American Funds Growth Fund - Class 2
Capital Research and Management CompanySM
0.58%
20.24%
13.37%
17.97%
US Fixed Income
American Funds U.S. Government Securities Fund*
- Class 2
Capital Research and Management CompanySM
0.50%
7.75%
-0.23%
1.70%
Allocation
Asset Manager 70% Portfolio* - Service Class
Fidelity Management & Research Company LLC
0.72%
18.15%
7.53%
8.76%
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%
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 Asset Allocation 100 Portfolio -
Class B
Brighthouse Investment Advisers, LLC
0.96%
17.06%
8.63%
10.70%
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 20 Portfolio* - Class B
Brighthouse Investment Advisers, LLC
0.93%
9.25%
2.06%
3.97%
Allocation
Brighthouse Asset Allocation 40 Portfolio - Class B
Brighthouse Investment Advisers, LLC
0.91%
11.50%
3.84%
5.69%
Allocation
Brighthouse Asset Allocation 60 Portfolio - Class B
Brighthouse Investment Advisers, LLC
0.91%
13.77%
5.55%
7.47%
US Equity
Brighthouse Small Cap Value Portfolio* - Class B
Brighthouse Investment Advisers, LLC
Subadviser: Allspring Global Investments, LLC
1.03%
-3.21%
6.43%
8.07%
US Equity
Brighthouse/Artisan Mid Cap Value Portfolio* -
Class B
Brighthouse Investment Advisers, LLC
Subadviser: Artisan Partners Limited
Partnership
1.03%
1.57%
6.77%
8.05%
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
Contrafund® Portfolio - Service Class
Fidelity Management & Research Company LLC
0.64%
21.42%
15.26%
15.66%
International Fixed
Income
Emerging Markets Debt Portfolio* - Class I
Morgan Stanley Investment Management Inc.
Subadviser: Morgan Stanley Investment
Management Limited
1.10%
15.33%
2.70%
4.51%
International Equity
Emerging Markets Equity Portfolio* - Class I
Morgan Stanley Investment Management Inc.
Subadviser: Morgan Stanley Investment
Management Company
1.25%
32.96%
4.37%
7.27%
US Equity
Equity-Income Portfolio - Service Class
Fidelity Management & Research Company LLC
0.56%
18.92%
12.41%
11.49%
Global Equity
Franklin Mutual Global Discovery VIP Fund - Class
2
Franklin Mutual Advisers, LLC
1.16%
23.34%
12.00%
8.52%
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 2020 Portfolio - Initial Class
Fidelity Management & Research Company LLC
0.44%
13.33%
4.84%
7.38%
Target Date
Freedom 2025 Portfolio - Initial Class
Fidelity Management & Research Company LLC
0.46%
14.59%
5.52%
8.02%
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
Goldman Sachs Small Cap Equity Insights Fund* -
Institutional Shares
Goldman Sachs Asset Management, L.P.
0.82%
16.14%
10.47%
10.84%
US Fixed Income
Government Money Market Portfolio - Initial Class
Fidelity Management & Research Company LLC
0.25%
4.13%
3.10%
2.03%
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%
US Fixed Income
High Income Portfolio* - Initial Class
Fidelity Management & Research Company LLC
0.81%
10.36%
4.22%
5.59%
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 B
Brighthouse Investment Advisers, LLC
Subadviser: Invesco Advisers, Inc.
0.99%
5.83%
-0.91%
9.00%
US Equity
Invesco V.I. Comstock Fund - Series II
Invesco Advisers, Inc.
1.00%
17.14%
15.14%
11.67%
International Equity
Invesco V.I. EQV International Equity Fund - Series
I
Invesco Advisers, Inc.
0.90%
16.50%
3.68%
6.22%
US Fixed Income
Investment Grade Bond Portfolio - Service Class
Fidelity Management & Research Company LLC
0.47%
7.14%
-0.06%
2.61%
Allocation
Janus Henderson Balanced Portfolio - Service
Shares
Janus Henderson Investors US LLC
0.87%
14.82%
8.21%
9.86%
US Equity
Janus Henderson Enterprise Portfolio - Service
Shares
Janus Henderson Investors US LLC
0.97%
7.41%
7.35%
12.51%
US Equity
Janus Henderson Forty Portfolio - Service Shares
Janus Henderson Investors US LLC
0.87%
17.86%
11.37%
15.96%
US Equity
Janus Henderson Research Portfolio - Institutional
Shares
Janus Henderson Investors US LLC
0.82%
18.39%
14.11%
15.88%
US Equity
Jennison Growth Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Jennison Associates LLC
0.54%
14.04%
10.28%
16.71%
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
JPMorgan Small Cap Value Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: J.P. Morgan Investment
Management Inc.
0.79%
12.48%
9.93%
9.09%
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 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%
Global Equity
MFS® Global Equity Series* - Service Class
Massachusetts Financial Services Company
1.18%
13.28%
5.45%
8.64%
US Fixed Income
MFS® High Yield Portfolio* - Service Class
Massachusetts Financial Services Company
0.97%
8.47%
3.63%
5.30%
US Equity
MFS® New Discovery Series* - Service Class
Massachusetts Financial Services Company
1.12%
12.56%
-0.54%
10.46%
International Equity
MFS® Research International Portfolio* - Class B
Brighthouse Investment Advisers, LLC
Subadviser: Massachusetts Financial Services
Company
0.81%
22.41%
5.54%
7.57%
Allocation
MFS® Total Return Portfolio* - Class B
Brighthouse Investment Advisers, LLC
Subadviser: Massachusetts Financial Services
Company
0.87%
10.83%
6.15%
7.38%
US Equity
MFS® Value Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Massachusetts Financial Services
Company
0.58%
13.29%
10.11%
10.27%
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
Mid Cap Portfolio - Service Class 2
Fidelity Management & Research Company LLC
0.80%
11.49%
9.83%
10.31%
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%
Alternative
PIMCO All Asset Portfolio* - Administrative Class
Pacific Investment Management Company LLC
Subadviser: Research Affiliates, LLC
2.13%
14.20%
5.60%
6.77%
Sector
PIMCO CommodityRealReturn® Strategy Portfolio*
- Administrative Class
Pacific Investment Management Company LLC
3.19%
18.79%
10.55%
6.54%
US Fixed Income
PIMCO Inflation Protected Bond Portfolio - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Pacific Investment Management
Company LLC
1.13%
7.93%
1.40%
3.35%
US Fixed Income
PIMCO Long-Term U.S. Government Portfolio -
Administrative Class
Pacific Investment Management Company LLC
2.48%
6.15%
-6.82%
0.01%
US Fixed Income
PIMCO Low Duration Portfolio - Administrative
Class
Pacific Investment Management Company LLC
0.66%
5.52%
1.57%
1.79%
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%
International Equity
Putnam VT International Value Fund - Class IB
Putnam Investment Management, LLC
Subadviser: Franklin Advisers, Inc.
Franklin Templeton Investment Management
Limited
The Putnam Advisory Company, LLC
1.06%
34.68%
12.49%
8.86%
US Equity
Royce Micro-Cap Portfolio - Investment Class
Royce Investment Partners
1.22%
13.89%
9.17%
10.14%
US Equity
Royce Small-Cap Portfolio - Investment Class
Royce Investment Partners
1.18%
8.93%
10.66%
7.88%
International Equity
State Street Emerging Markets Enhanced Index
Portfolio - Class B (formerly known as SSGA
Emerging Markets Enhanced Index Portfolio## -
Class B)
Brighthouse Investment Advisers, LLC
Subadviser: SSGA Funds Management, Inc.
0.80%
34.14%
6.04%
 — 
A-5
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 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 Large Cap Value Portfolio* - Class A
Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates, Inc.
0.53%
12.32%
10.55%
10.36%
US Equity
T. Rowe Price Mid Cap Growth Portfolio*§(1) -
Class B
Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates, Inc. is the
subadviser
T. Rowe Price Investment Management, Inc. is
the sub-subadviser
0.95%
3.42%
3.83%
9.77%
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%
International Equity
Templeton Foreign VIP Fund* - Class 1
Templeton Investment Counsel, LLC
0.83%
29.51%
8.52%
6.01%
Global Fixed Income
Templeton Global Bond VIP Fund* - Class 1
Franklin Advisers, Inc.
0.50%
16.09%
-0.69%
0.11%
US Equity
Victory Pioneer Mid Cap Value VCT Portfolio* -
Class I
Victory Capital Management Inc.
0.76%
11.19%
11.16%
9.01%
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%
*
The Portfolio is subject to an expense reimbursement or fee waiver arrangement. The annual expenses shown reflect temporary fee reductions.
##
Effective April 28, 2025, the SSGA Emerging Markets Enhanced Index Portfolio II (formerly Brighthouse/abrdn Emerging Markets Equity Portfolio) of the Brighthouse Funds Trust I merged with and into the SSGA Emerging Markets Enhanced Index Portfolio of Brighthouse Funds Trust I. Values prior to April 28, 2025 reflect the performance of the SSGA Emerging Markets Enhanced Index Portfolio II.
(1)
Effective April 29, 2011, the Portfolio closed to new investments and transfers into the Portfolio.
#
Effective May 15, 2026, the American Funds International Fund changed its name to American Funds EUPAC Fund.TM
The fee and expense information regarding the Portfolios was provided by those Portfolios.
A-6
 
 
To learn more about the Policy, you should read the Prospectus and Statement of Additional Information (“SAI”) dated the same date as this Updating Summary Prospectus which are incorporated herein by reference and are legally a part of this Updating Summary Prospectus. They include additional information about the Policies and the Separate Account. You can find these documents online at dfinview.com/metlife/PUFT/MET000229. For a free copy of the Prospectus and SAI, to receive free personalized illustrations of death benefits Cash Surrender Value and Cash Values, and to request other information about the Policy, please call (877) 638-3932, contact us through our website at https://sbr.metlife.com.
Managing your variable life policy 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 policy and sign-up for eDelivery!
EDGAR ID: C000011872 (MetFlex) & C000028813 (MetFlex C)

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