Form N-VP/A Brighthouse Variable
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The Variable Annuity Contract
issued by
Brighthouse Life Insurance Company
and
Brighthouse Variable Annuity Account C
Navigator-Select/Custom-Select/Russell-Select
Disclosure Notice
April 27, 2026
A fixed and variable annuity contract
This Disclosure Notice provides certain updated information about your Navigator Select, Custom Select and Russell Select Variable Annuity Contract (the “Contract” or “contract”), a fixed and variable annuity contract issued by Brighthouse Life Insurance Company (“BLIC”, the “Company”, or “we” or “us”). The Contract is no longer available for purchase.
Updated financial statements for BLIC and Brighthouse Variable Annuity Account C
(the “Separate Account”) are available, free of charge, at
https://dfinview.com/BHF/PUFT/BHF263 for Navigator-Select, https://dfinview.com/BHF/PUFT/BHF256 for Custom-Select, and https://dfinview.com/BHF/PUFT/BHF260 for Russell-Select. The Contract prospectus, dated November 9, 2006, as supplemented, is available and
contains more information about the Contract including its features, benefits, and risks. The updated financial statements for Metropolitan Tower Life Insurance Company
(“Met Tower Life”), a guarantor of the Contracts, are also available. You can obtain the prospectus, as supplemented, and the Met Tower Life financial statements 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 Disclosure Notice 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 in which earnings accumulate on a tax-deferred basis.
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 of the Contract in various underlying fund portfolios.
May also be referred to as “Portfolio Company.”
Monitored Portfolios. Certain
Investment Portfolios on which we monitor transfer activity. We may change the Monitored Portfolios at any time without notice in our sole discretion.
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 Variable Annuity Account C to hold the
assets that underlie the Contracts.
3
Updated Information You Should
Consider About the Contract
The information in this section of the
Disclosure Notice is a summary of certain Contract features that have changed since the Disclosure Notice dated April 28, 2025. This does not reflect all of the changes
that have occurred since you entered into your Contract.
On November 6, 2025, Brighthouse Financial, Inc. (“BHF”) and Aquarian Capital LLC (“Aquarian”) announced that they had entered into a definitive agreement under which an affiliate of Aquarian will acquire BHF. This transaction is subject to the satisfaction or waiver of customary closing conditions, including receipt of applicable regulatory approvals. Subject to such approvals and the satisfaction or waiver of the other conditions, the transaction is expected to be consummated in 2026.
Upon the consummation of the transaction, Aquarian will become the ultimate parent
of BHF and the Company will remain an indirect wholly-owned subsidiary of BHF. Although Aquarian will replace BHF as the Company’s ultimate parent, the Company will continue in its present role as the issuer of your Contract. All of your rights and benefits under your Contract and the Company’s obligations under the Contract will remain unchanged.
Founded in 2017, Aquarian Capital is a diversified global holding company with a strategic portfolio of insurance and asset management solutions. Aquarian is headquartered in New York, NY.
Changes Affecting the Investment Portfolios
Portfolio Name Changes. Certain Investment Portfolios were subject to a name change. The chart below identifies the former name and new name of these Investment Portfolios.
| Former
Name |
New
Name |
| Brighthouse Funds Trust I |
Brighthouse Funds Trust I |
| SSGA Emerging Markets Enhanced Index Portfolio SSGA Growth ETF Portfolio SSGA Growth and Income ETF Portfolio
|
State Street Emerging Markets Enhanced Index Portfolio State Street Moderately Aggressive ETF Portfolio State Street Moderate ETF Portfolio |
Monitored Portfolios
We monitor transfer activity in the following Investment Portfolios for purposes of imposing our restrictions on frequent transfers:
If you purchased the NAVIGATOR-SELECT VARIABLE ANNUITY, the following Investment Portfolios are monitored:
Baillie Gifford International Stock Portfolio
Brighthouse Small Cap Value Portfolio
CBRE Global Real Estate Portfolio
Invesco Small Cap Growth Portfolio
Invesco V.I. EQV International Equity Fund
Loomis Sayles Small Cap Growth Portfolio
MFS® Research International Portfolio
Neuberger Berman Genesis Portfolio
PIMCO High Yield Portfolio
State Street Emerging Markets Enhanced Index
Portfolio
T. Rowe Price Small Cap Growth
Portfolio
Templeton Foreign VIP
Fund
4
Western Asset
Management Strategic Bond Opportunities Portfolio
If you purchased the
CUSTOM-SELECT VARIABLE ANNUITY, the following Investment Portfolios are
monitored:
CBRE Global Real Estate
Portfolio
Invesco Small Cap Growth
Portfolio
Invesco V.I. EQV International
Equity Fund
MFS® Research International Portfolio
Neuberger Berman Genesis Portfolio
State Street Emerging Markets Enhanced Index
Portfolio
T. Rowe Price Small Cap Growth
Portfolio
Templeton Foreign VIP
Fund
Western Asset Management Strategic Bond
Opportunities Portfolio
If you purchased the RUSSELL-SELECT
VARIABLE ANNUITY, the following Investment Portfolios are monitored:
Global Real Estate Securities Fund
International Developed Markets Fund
U.S. Small Cap Equity Fund
5
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 5 Contract Years following a Purchase Payment, you may be assessed a withdrawal charge of 5% of
the Purchase Payment withdrawn. For example, if you make an early withdrawal, you could pay a withdrawal
charge of up to $5,000 on a $100,000 investment. The loss will be
greater if there are taxes or tax penalties.
|
Fee Tables and
Examples
Expenses – Withdrawal Charge | |||
| Are There
Transaction
Charges? |
Yes. In addition to withdrawal charges, you also may be charged for 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 impose a charge on
transfers in excess of 12 per year. |
Fee Tables and Examples Expenses – Transfer Fee | |||
6
| |
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 Tables and
Examples
Expenses –
Insurance
Charges,
Investment
Portfolio
Expenses
Appendix A:
Investment
Options
Available
Under the
Contract
(located in this
Disclosure
Notice) | |||
| Annual Fee |
Minimum |
Maximum | |||
| Base Contract1 |
Navigator-Select –
1.42%
Custom-Select – 1.41% Russell-Select – 1.42% |
Navigator-Select –
1.42%
Custom-Select – 1.41% Russell-Select – 1.42% | |||
| Investment Portfolio fees and expenses)2
|
Navigator-Select –
0.28%
Custom-Select –
0.40%
Russell-Select –
0.40% |
Navigator-Select –
1.23%
Custom-Select –
0.99%
Russell-Select –
1.11% | |||
| Optional benefits available for
an additional charge |
None |
None | |||
| 1 As a percentage of average Account Value in the Separate Account. The charge shown also includes the contract maintenance charge. 2 As a percentage of fund assets before
temporary expense reimbursements and/or fee waivers. | |||||
| 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. | |||||
| Navigator-Select | |||||
| Lowest Annual Cost
$1,564 |
Highest Annual Cost
$2,353 | ||||
| Custom-Select | |||||
| Lowest Annual Cost
$1,668 |
Highest Annual Cost
$2,160 | ||||
| Russell-Select | |||||
| Lowest Annual Cost
$1,668 |
Highest Annual Cost
$2,257 | ||||
| Assumes: |
Assumes: | ||||
| ●Investment of $100,000 ●5% annual appreciation ●Least expensive Investment Portfolio fees and expenses ●No sales charges ●No additional Purchase Payments, transfers, or withdrawals |
●Investment of $100,000 ●5% annual appreciation ●Most expensive Investment
Portfolio fees and expenses ●No sales charges ●No additional Purchase
Payments, transfers, or withdrawals | ||||
7
| |
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. |
The Annuity
Contract
Investment
Options | |||
| Is This a Short-
Term Investment? |
No. This Contract is not a short-term investment and is not appropriate for
an investor who needs ready access to cash. Amounts withdrawn from the
Contract may result in withdrawal charges, taxes, and tax
penalties. Withdrawal charges may apply for the first 5
years following a Purchase Payment. Withdrawal charges will reduce the value of your Contract
if you withdraw money during that time period.
Withdrawals could significantly reduce the value of your
Contract, the death benefit, and other Contract benefits.
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. |
The Annuity
Contract
Investment
Options | |||
| 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., the 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. |
Investment
Options | |||
| 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. |
Other
Information –
Brighthouse
Life Insurance
Company | |||
| |
Restrictions |
| |||
| Are There
Restrictions on the
Investment
Options? |
Yes. ●Currently, we allow unlimited transfers among the investment options
without charge during the Accumulation Phase. However, we reserve the
right to limit transfers or impose a charge on 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 transfer to and from the
Fixed Account. ●We reserve the right to remove or substitute the Investment Portfolios
available as investment options under the Contract. |
Investment
Options | |||
| Are There Any
Restrictions on
Contract Benefits? |
Yes. ●Withdrawals will reduce the value of the death benefit, perhaps
significantly. ●Except as otherwise provided. Contract benefits may not be modified or
terminated by us. |
Death Benefit | |||
8
| |
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. |
Other Information – Distributor | |||
9
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/BHF263 for Navigator-Select, https://dfinview.com/BHF/PUFT/BHF256 for Custom-Select, and https://dfinview.com/BHF/PUFT/BHF260 for Russell-Select. You can also request this information at no cost by calling (888) 243-1932 or
sending an email request to [email protected].
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.
If you purchased the NAVIGATOR-SELECT VARIABLE ANNUITY, the following Investment Portfolios (other than those marked ††) are available:
| Investment Objectives |
Portfolio Company and
Adviser/Sub-Adviser |
Current
Expenses |
Average Annual
Total Returns
(as of 12/31/2025) | ||
| 1
Year |
5
Year |
10
Year | |||
| Seeks long-term growth of capital. |
Invesco V.I. EQV International
Equity Fund — Series I
Invesco Advisers, Inc. |
0.90% |
16.50% |
3.68% |
6.22% |
| Seeks growth of capital. |
Brighthouse Asset Allocation 100
Portfolio — Class B‡ Brighthouse Investment Advisers, LLC |
0.96% |
17.06% |
8.63% |
10.70% |
| Seeks long-term capital appreciation. |
Brighthouse Small Cap Value
Portfolio — Class A†† Brighthouse Investment Advisers, LLC Subadviser: Allspring Global
Investments, LLC |
0.78% |
-2.92% |
6.70% |
8.34% |
| 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 A# Brighthouse Investment Advisers, LLC Subadviser: CBRE Investment
Management Listed Real Assets
LLC |
0.66% |
7.11% |
4.30% |
4.22% |
| 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% |
A-1
| Investment Objectives |
Portfolio Company and
Adviser/Sub-Adviser |
Current
Expenses |
Average Annual
Total Returns
(as of 12/31/2025) | ||
| 1
Year |
5
Year |
10
Year | |||
| Seeks long-term growth of capital. |
Invesco Small Cap Growth
Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Invesco Advisers,
Inc. |
0.74% |
6.17% |
-0.66% |
9.27% |
| Seeks long-term 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 A# Brighthouse Investment Advisers, LLC Subadviser: Massachusetts
Financial Services Company
|
0.56% |
22.72% |
5.80% |
7.83% |
| Seeks capital appreciation. |
Morgan Stanley Discovery
Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Morgan Stanley
Investment Management Inc.
|
0.65% |
13.55% |
-5.58% |
14.29% |
| Seeks maximum total return,
consistent with the preservation of
capital and prudent investment
management. |
PIMCO Total Return
Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Pacific Investment
Management Company LLC
|
0.58% |
9.21% |
0.19% |
2.55% |
| Seeks to provide total return,
primarily through capital
appreciation. |
State Street Emerging Markets
Enhanced Index
Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: SSGA Funds
Management, Inc |
0.55% |
34.45% |
6.31% |
— |
| Seeks growth of capital and income. |
State Street Moderate ETF
Portfolio — Class B‡ Brighthouse Investment Advisers, LLC Subadviser: SSGA Funds
Management, Inc. |
0.75% |
16.78% |
7.19% |
7.85% |
| Seeks growth of capital. |
State Street Moderately Aggressive
ETF Portfolio — Class B‡ Brighthouse Investment Advisers, LLC Subadviser: SSGA Funds
Management, Inc. |
0.78% |
19.23% |
9.01% |
9.31% |
| Seeks long-term capital appreciation
by investing in common stocks
believed to be undervalued. Income
is a secondary objective. |
T. Rowe Price Large Cap Value
Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: T. Rowe Price
Associates, Inc. |
0.53% |
12.32% |
10.55% |
10.36% |
A-2
| Investment Objectives |
Portfolio Company and
Adviser/Sub-Adviser |
Current
Expenses |
Average Annual
Total Returns
(as of 12/31/2025) | ||
| 1
Year |
5
Year |
10
Year | |||
| Seeks long-term growth of capital. |
T. Rowe Price Mid Cap Growth
Portfolio — Class A†† Brighthouse Investment Advisers, LLC Subadviser: T. Rowe Price
Associates, Inc.
Sub-Subadviser: T. Rowe Price
Investment Management, Inc. |
0.70% |
3.75% |
4.08% |
10.05% |
| 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% |
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 A# Brighthouse Investment Advisers, LLC Subadviser: Victory Capital
Management Inc. |
0.60% |
2.51% |
9.90% |
9.86% |
| 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 A# Brighthouse Investment Advisers, LLC Subadviser: BlackRock Advisors,
LLC |
0.38% |
7.95% |
-0.17% |
2.38% |
| Seeks long-term growth of capital. |
BlackRock Capital Appreciation
Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: BlackRock Advisors,
LLC |
0.56% |
13.19% |
11.07% |
15.80% |
| Seeks a high level of current income,
with growth of capital as a
secondary objective. |
Brighthouse Asset Allocation 20
Portfolio — Class B#‡ Brighthouse Investment Advisers, LLC |
0.93% |
9.25% |
2.06% |
3.97% |
| Seeks high total return in the form of
income and growth of capital, with a
greater emphasis on income. |
Brighthouse Asset Allocation 40
Portfolio — Class B‡ Brighthouse Investment Advisers, LLC |
0.91% |
11.50% |
3.84% |
5.69% |
| Seeks a balance between a high level
of current income and growth of
capital, with a greater emphasis on
growth of capital. |
Brighthouse Asset Allocation 60
Portfolio — Class B‡ Brighthouse Investment Advisers, LLC |
0.91% |
13.77% |
5.55% |
7.47% |
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 growth of capital. |
Brighthouse Asset Allocation 80
Portfolio — Class B‡ Brighthouse Investment Advisers, LLC |
0.93% |
15.63% |
7.18% |
9.22% |
| 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 E# Brighthouse Investment Advisers, LLC Subadviser: Wellington
Management Company LLP
|
0.77% |
7.65% |
8.13% |
10.56% |
| Seeks long-term growth of capital. |
Jennison Growth
Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Jennison Associates
LLC |
0.54% |
14.04% |
10.28% |
16.71% |
| Seeks long-term capital growth. |
Loomis Sayles Small Cap Growth
Portfolio — Class B# Brighthouse Investment Advisers, LLC Subadviser: Loomis, Sayles &
Company, L.P. |
1.14% |
3.73% |
2.28% |
9.84% |
| Seeks to track the performance of
the Standard & Poor’s 500®
Composite Stock Price Index. |
MetLife Stock Index
Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: MetLife Investment
Management, LLC |
0.27% |
17.59% |
14.13% |
14.53% |
| Seeks high total return, consisting
principally of capital appreciation. |
Neuberger Berman Genesis
Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Neuberger Berman
Investment Advisers LLC
|
0.81% |
-4.57% |
2.86% |
9.12% |
| Seeks long-term growth of capital. |
T. Rowe Price Large Cap Growth
Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: T. Rowe Price
Associates, Inc. |
0.56% |
15.70% |
9.64% |
14.39% |
| Seeks long-term capital growth. |
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% |
A-4
| Investment Objectives |
Portfolio Company and
Adviser/Sub-Adviser |
Current
Expenses |
Average Annual
Total Returns
(as of 12/31/2025) | ||
| 1
Year |
5
Year |
10
Year | |||
| Seeks to maximize total return
consistent with preservation of
capital. |
Western Asset Management Strategic
Bond Opportunities
Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Western Asset
Management Company LLC
|
0.57% |
9.07% |
1.42% |
4.03% |
| Seeks reasonable income. The fund
will also consider the potential for
capital appreciation. The fund’s goal
is to achieve a yield which exceeds
the composite yield on the securities
comprising the S&P 500® Index. |
Equity-Income Portfolio — Service
Class 2
Fidelity Management & Research
Company LLC
Subadviser: FMR UK, FMR HK, and FMR Japan |
0.71% |
18.75% |
12.23% |
11.32% |
| Seeks long-term capital growth. |
Templeton Foreign VIP
Fund — Class 1# Templeton Investment Counsel, LLC |
0.83% |
29.51% |
8.52% |
6.01% |
| Seeks maximum total return,
consistent with preservation of
capital and prudent investment
management. |
PIMCO High Yield
Portfolio — Administrative Class
PIMCO |
0.81% |
8.95% |
3.97% |
5.57% |
| Seeks maximum total return,
consistent with preservation of
capital and prudent investment
management. |
PIMCO Low Duration
Portfolio — Administrative Class
PIMCO |
0.66% |
5.52% |
1.57% |
1.79% |
| Seeks long-term capital appreciation. |
Putnam VT Sustainable Leaders
Fund — Class IA
Putnam Investment Management,
LLC |
0.63% |
10.99% |
10.62% |
14.98% |
#
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.
If you purchased the CUSTOM-SELECT VARIABLE ANNUITY, the following Investment Portfolios (other than those marked ††) are available:
| Investment Objectives |
Portfolio Company and
Adviser/Sub-Adviser |
Current
Expenses |
Average Annual
Total Returns
(as of 12/31/2025) | ||
| 1
Year |
5
Year |
10
Year | |||
| Seeks long-term growth of capital. |
Invesco V.I. EQV International
Equity Fund — Series I
Invesco Advisers, Inc. |
0.90% |
16.50% |
3.68% |
6.22% |
| Seeks growth of capital. |
Brighthouse Asset Allocation 100
Portfolio — Class B‡ Brighthouse Investment Advisers, LLC |
0.96% |
17.06% |
8.63% |
10.70% |
A-5
| Investment Objectives |
Portfolio Company and
Adviser/Sub-Adviser |
Current
Expenses |
Average Annual
Total Returns
(as of 12/31/2025) | ||
| 1
Year |
5
Year |
10
Year | |||
| Seeks long-term capital appreciation. |
Brighthouse Small Cap Value
Portfolio — Class A†† Brighthouse Investment Advisers, LLC Subadviser: Allspring Global
Investments, LLC |
0.78% |
-2.92% |
6.70% |
8.34% |
| Seeks total return through
investment in real estate securities,
emphasizing both capital
appreciation and current income. |
CBRE Global Real Estate
Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: CBRE Investment
Management Listed Real Assets
LLC |
0.66% |
7.11% |
4.30% |
4.22% |
| Seeks 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 long-term growth of capital. |
Invesco Small Cap Growth
Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Invesco Advisers,
Inc. |
0.74% |
6.17% |
-0.66% |
9.27% |
| Seeks long-term 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 A# Brighthouse Investment Advisers, LLC Subadviser: Massachusetts
Financial Services Company
|
0.56% |
22.72% |
5.80% |
7.83% |
| Seeks capital appreciation. |
Morgan Stanley Discovery
Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Morgan Stanley
Investment Management Inc.
|
0.65% |
13.55% |
-5.58% |
14.29% |
| Seeks maximum total return,
consistent with the preservation of
capital and prudent investment
management. |
PIMCO Total Return
Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Pacific Investment
Management Company LLC
|
0.58% |
9.21% |
0.19% |
2.55% |
| Seeks to provide total return,
primarily through capital
appreciation. |
State Street Emerging Markets
Enhanced Index
Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: SSGA Funds
Management, Inc |
0.55% |
34.45% |
6.31% |
— |
A-6
| 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 growth of capital and income. |
State Street Moderate ETF
Portfolio — Class B‡ Brighthouse Investment Advisers, LLC Subadviser: SSGA Funds
Management, Inc. |
0.75% |
16.78% |
7.19% |
7.85% |
| Seeks growth of capital. |
State Street Moderately Aggressive
ETF Portfolio — Class B‡ Brighthouse Investment Advisers, LLC Subadviser: SSGA Funds
Management, Inc. |
0.78% |
19.23% |
9.01% |
9.31% |
| Seeks long-term capital appreciation
by investing in common stocks
believed to be undervalued. Income
is a secondary objective. |
T. Rowe Price Large Cap Value
Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: T. Rowe Price
Associates, Inc. |
0.53% |
12.32% |
10.55% |
10.36% |
| Seeks high total return by investing
in equity securities of mid-sized
companies. |
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% |
| Seeks a competitive total return
primarily from investing in fixed-
income securities. |
BlackRock Bond Income
Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: BlackRock Advisors,
LLC |
0.38% |
7.95% |
-0.17% |
2.38% |
| Seeks long-term growth of capital. |
BlackRock Capital Appreciation
Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: BlackRock Advisors,
LLC |
0.56% |
13.19% |
11.07% |
15.80% |
| Seeks a high level of current income,
with growth of capital as a
secondary objective. |
Brighthouse Asset Allocation 20
Portfolio — Class B#‡ Brighthouse Investment Advisers, LLC |
0.93% |
9.25% |
2.06% |
3.97% |
| Seeks high total return in the form of
income and growth of capital, with a
greater emphasis on income. |
Brighthouse Asset Allocation 40
Portfolio — Class B‡ Brighthouse Investment Advisers, LLC |
0.91% |
11.50% |
3.84% |
5.69% |
| Seeks a balance between a high level
of current income and growth of
capital, with a greater emphasis on
growth of capital. |
Brighthouse Asset Allocation 60
Portfolio — Class B‡ Brighthouse Investment Advisers, LLC |
0.91% |
13.77% |
5.55% |
7.47% |
| Seeks growth of capital. |
Brighthouse Asset Allocation 80
Portfolio — Class B‡ Brighthouse Investment Advisers, LLC |
0.93% |
15.63% |
7.18% |
9.22% |
A-7
| 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 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 long-term growth of capital. |
Jennison Growth
Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Jennison Associates
LLC |
0.54% |
14.04% |
10.28% |
16.71% |
| Seeks high total return, consisting
principally of capital appreciation. |
Neuberger Berman Genesis
Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Neuberger Berman
Investment Advisers LLC
|
0.81% |
-4.57% |
2.86% |
9.12% |
| Seeks long-term growth of capital. |
T. Rowe Price Large Cap Growth
Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: T. Rowe Price
Associates, Inc. |
0.56% |
15.70% |
9.64% |
14.39% |
| Seeks long-term capital growth. |
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% |
| Seeks to maximize total return
consistent with preservation of
capital. |
Western Asset Management Strategic
Bond Opportunities
Portfolio — Class A# Brighthouse Investment Advisers, LLC Subadviser: Western Asset
Management Company LLC
|
0.57% |
9.07% |
1.42% |
4.03% |
| Seeks long-term capital growth. |
Templeton Foreign VIP
Fund — Class 1# Templeton Investment Counsel, LLC |
0.83% |
29.51% |
8.52% |
6.01% |
| Seeks long-term capital appreciation. |
Putnam VT Sustainable Leaders
Fund — Class IA
Putnam Investment Management,
LLC |
0.63% |
10.99% |
10.62% |
14.98% |
#
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.
If you purchased the RUSSELL-SELECT VARIABLE ANNUITY, the following portfolios are available:
A-8
| 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 A# Brighthouse Investment Advisers, LLC Subadviser: BlackRock Advisors,
LLC |
0.37% |
4.15% |
3.09% |
2.10% |
| Seeks to provide current income and
long term capital growth. |
Global Real Estate Securities Fund
Russell Investment Management,
LLC
Subadvisers: Cohen & Steers Capital Management, Inc., Cohen & Steers UK Limited and Cohen & Steers Asia Limited; RREEF America L.L.C., DWS Investments Australia Limited and DWS Alternatives Global Limited, operating under the brand name DWS |
0.90% |
8.59% |
2.55% |
3.57% |
| Seeks to provide long term capital
growth. |
International Developed Markets
Fund# Russell Investment Management, LLC Subadvisers: Intermede
Investment Partners Limited and
Intermede Global Partners
Inc.; Pzena Investment Management
LLC;
Wellington Management Company
LLP |
0.95% |
28.64% |
8.53% |
7.51% |
| Seeks to provide total return. |
Strategic Bond Fund# Russell Investment Management, LLC Subadvisers: BlueBay Asset
Management LLP;
Western Asset Management
Company LLC and Western Asset
Management Company Limited
Schroder Investment Management
North America Inc |
0.65% |
7.35% |
-1.07% |
1.77% |
| Seeks to provide long term capital
growth. |
U.S. Small Cap Equity Fund# Russell Investment Management, LLC Subadviser: Ancora Advisors,
LLC BAMCO, Inc.
Boston Partners Global Investors,
Inc.
Calamos Advisors LLC
Copeland Capital Management,
LLC
DePrince, Race & Zollo, Inc.
Jacobs Levy Equity Management,
Inc.
Penn Capital Management, LLC
Ranger Investment Management,
L.P. |
1.06% |
8.34% |
7.15% |
8.98% |
A-9
| 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 provide long term capital
growth. |
U.S. Strategic Equity Fund# Russell Investment Management, LLC Subadviser: Brandywine Global
Investment Management,
LLC, J.P. Morgan Investment
Management Inc.,
Jacobs Levy Equity Management,
Inc.,
William Blair Investment
Management, LLC |
0.87% |
14.43% |
10.66% |
12.45% |
#
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.
The following lists the
Fixed Account option currently available under the Contract. The Fixed Account listed below will also be used if you participate in the DCA Program and instruct us to make transfers to or from the
Fixed Account. We may change the features of the Fixed Account listed below, offer new Fixed Account investment options, and terminate existing Fixed Account investment options. We will provide you with written notice before doing
so.
| Name |
Guaranteed Minimum Interest Rate |
| Fixed Account |
4% |
A-10
The prospectus, as
supplemented, and statement of additional information (“SAI”), dated November 9, 2006, include additional information. The prospectus, as supplemented, and
SAI are available, without charge, upon request. For a free copy, call us at (888)-243-192, or send an email request to [email protected]. You can also access other information about the Contract online at https://dfinview.com/BHF/PUFT/BHF263 for Navigator-Select, https://dfinview.com/BHF/PUFT/BHF256 for Custom-Select, and https://dfinview.com/BHF/PUFT/BHF260 for Russell-Select.
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].
The Financial Industry Regulatory Authority (“FINRA”) provides background information about broker-dealers and their registered representatives through FINRA BrokerCheck. You may contact the FINRA BrokerCheck Hotline at 1-800-289-9999, or log on to www.finra.org. An investor brochure that includes information describing FINRA BrokerCheck
is available through the Hotline or on-line.
We are not a
fiduciary and do not give advice or make recommendations regarding insurance or investment products. Ask your financial representative for guidance regarding any requests
or elections and for information about your particular investment needs. Please bear in mind that your financial representative, or any financial firm or financial
professional you consult to provide advice, is acting on your behalf. We are not a party to any agreement between you and your financial professional. We do not recommend and are not responsible for any securities transactions or investment strategies involving securities (including account recommendations).
EDGAR Contract Identifier No. is C000151856
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