# EDGAR Filing Document

**Accession Number:** 0001029031
**File Stem:** 0001193125-26-158916
**Filing Date:** 2026-4
**Character Count:** 33426
**Document Hash:** ca6422ce5661ca72c9ba4947479ed412
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-158916.hdr.sgml**: 20260416

**ACCESSION NUMBER**: 0001193125-26-158916

**CONFORMED SUBMISSION TYPE**: N-VP

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260416

**DATE AS OF CHANGE**: 20260416

**EFFECTIVENESS DATE**: 20260416

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Brighthouse Variable Life Account One
- **CENTRAL INDEX KEY:** 0001029031

**ORGANIZATION NAME:**
- **EIN:** 060566090
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-VP
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-200245
- **FILM NUMBER:** 26867374

**BUSINESS ADDRESS:**
- **STREET 1:** BRIGHTHOUSE LIFE INSURANCE CO
- **STREET 2:** 11225 NORTH COMMUNITY HOUSE ROAD
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28277
- **BUSINESS PHONE:** 980-365-7100

**MAIL ADDRESS:**
- **STREET 1:** BRIGHTHOUSE LIFE INSURANCE CO
- **STREET 2:** 11225 NORTH COMMUNITY HOUSE ROAD
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28277

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** METLIFE INVESTORS VARIABLE LIFE ACCOUNT ONE
- **DATE OF NAME CHANGE:** 20010416

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COVA VARIABLE LIFE ACCOUNT ONE
- **DATE OF NAME CHANGE:** 19961213

## Series and Classes Contracts Data

### Brighthouse Variable Life Account One (Series ID: S000004234)

| Class ID   | Class Name                                                                           | Ticker Symbol   |
|:---|:---|:---|
| C000151833 | Class VL Flexible Premium Single Life and Joint & Last Survivor Variable Life Policy |  |

![](g847822bhouse_logo.jpg)

**Flexible Premium Variable Life Insurance Policy**

**issued by**

**Brighthouse Life Insurance Company**

**and**

**Brighthouse Variable Life Account One**

**Class VL**

**Disclosure Notice**

**April 27, 2026**

**A flexible premium joint and last survivor and single life variable life insurance policy** <br>

This Disclosure Notice provides certain updated information about the Class VL Flexible Premium Joint and Last Survivor Variable Life Insurance Policy and Flexible Premium Single Variable Life Insurance Policy (collectively, the "Policy"), a flexible premium variable life insurance policy issued by Brighthouse Life Insurance Company ("BLIC", the "Company", or "we" or "us"). The Policy is no longer available for purchase.

Updated financial statements for BLIC and Brighthouse Variable Life Account One (the "Separate Account") are available, free of charge at https://dfinview.com/BHF/PUFT/BHF254. The Policy prospectus, dated November 9, 2006, as supplemented, is available and contains more information about the Policy including its features, benefits, and risks. You can obtain this information at no cost by calling (800) 638-9294 or by sending an email request to rcg@brighthousefinancial.com.

The Policy is a complex investment and involves risks, including potential loss of principal. The Policy is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Surrenders (partial or full) could result in surrender charges and taxes.

The Company's obligations under the Policy are subject to our financial strength and claims-paying ability. Additional general information about certain investment products, including variable life insurance, 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.**

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**TABLE OF CONTENTS** 

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| | |
|:---|:---|
|  | **Page** |
| [Special Terms](#xx_502cb256-453a-4666-9751-fdcde8c107e0_1) | 3  |
| [Updated Information You Should Consider About the Policy](#xx_502cb256-453a-4666-9751-fdcde8c107e0_1) | 3  |
| [Important Information You Should Consider About the Policy](#xx_51dac112-ecd8-4a29-bc67-45a0b3ddd8ee_1) | 5  |
| [APPENDIX A: Investment Funds Available Under the Policy](#xx_33d8ec60-c5b0-46ad-8dec-c9222806a547_2) | A-1 |

---

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**Special Terms** 

**Attained Age** – The age of the insured at Policy issue plus the number of completed Policy years.

**Cash Value –** The total amounts credited to the Policy in the Separate Account, the General Account and the Loan Account.

**Cash Surrender Value** – The Cash Value of a Policy on the date of surrender, less any indebtedness and any surrender charge.

**Face Amount** – The minimum death benefit under the Policy so long as the Policy remains in force before the insured's Attained Age 100 with respect to the Single Life Policy or, with respect to the Joint and Last Survivor Policy, before the younger insured's Attained Age 100.

**General Account** – Our assets other than those allocated to the Separate Account or any other separate account.

**Investment Funds** – Investments within the Separate Account which we make available under the Policy.

**Loan Account** – The account of the Company to which amounts securing Policy loans are allocated. The Loan Account is part of the Company's General Account.

**Separate Account** – Brighthouse Variable Life Account One.

**Target Premium** – A premium calculated when a Policy is issued, based on the insured's age with respect to the Single Life Policy (or the insureds' joint age with respect to the Joint and Last Survivor Policy), sex (except in unisex policies) and risk class. The Target Premium is used to calculate the first year's premium expense charge, the surrender charge, and agent compensation under the Policy.

**Updated Information You Should Consider About the Policy**

The information in this section of the Disclosure Notice is a summary of certain Policy 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 Policy.

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 Policy. All of your rights and benefits under your Policy and the Company's obligations under the Policy 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 Funds**

**Fund Name Change.** An Investment Fund was subject to a name change. The chart below identifies the former name and new name of the Investment Fund.

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| | |
|:---|:---|
| **Former Name** | **New Name** |
| **Brighthouse Funds Trust I** | **Brighthouse Funds Trust I** |
| SSGA Emerging Markets Enhanced Index Portfolio  | State Street Emerging Markets Enhanced Index Portfolio |

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**Monitored Portfolios**

&nbsp;&nbsp;&nbsp;&nbsp;•We monitor transfer activity in the following Investment Funds for purposes of imposing our restrictions on frequent transfers:

Brighthouse Small Cap Value Portfolio

CBRE Global Real Estate Portfolio

Harris Oakmark International Portfolio

Invesco Small Cap Growth Portfolio

Loomis Sayles Global Allocation Portfolio

MFS<sup>®</sup> Research International Portfolio

Neuberger Berman Genesis Portfolio

State Street Emerging Markets Enhanced Index Portfolio

Western Asset Management Strategic Bond Opportunities Portfolio

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**Important Information You Should Consider About the Policy** 

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Fees and Expenses** | **Fees and Expenses** | **Fees and Expenses** | &nbsp;&nbsp; **Location in**<br> **Prospectus**<br>|
| **Charges for Early** <br> **Withdrawals**<br>| &nbsp;&nbsp; If, during the first ten Policy years or the first ten years following an <br> increase in Face Amount, you fully or partially surrender your Policy, <br> reduce the Face Amount, or your Policy lapses, then we will deduct a <br> surrender charge from the Cash Value. The maximum surrender charge is <br> 45% of the Policy's Target Premium. <br>For example, if you pay a $100,000 premium for a Policy with a Target <br> Premium of $100,000, you could pay a surrender charge of up to <br> $45,000 upon a complete surrender of the Policy. | &nbsp;&nbsp; If, during the first ten Policy years or the first ten years following an <br> increase in Face Amount, you fully or partially surrender your Policy, <br> reduce the Face Amount, or your Policy lapses, then we will deduct a <br> surrender charge from the Cash Value. The maximum surrender charge is <br> 45% of the Policy's Target Premium. <br>For example, if you pay a $100,000 premium for a Policy with a Target <br> Premium of $100,000, you could pay a surrender charge of up to <br> $45,000 upon a complete surrender of the Policy. | &nbsp;&nbsp; If, during the first ten Policy years or the first ten years following an <br> increase in Face Amount, you fully or partially surrender your Policy, <br> reduce the Face Amount, or your Policy lapses, then we will deduct a <br> surrender charge from the Cash Value. The maximum surrender charge is <br> 45% of the Policy's Target Premium. <br>For example, if you pay a $100,000 premium for a Policy with a Target <br> Premium of $100,000, you could pay a surrender charge of up to <br> $45,000 upon a complete surrender of the Policy. | &nbsp;&nbsp; **Fee Tables**<br>**Charges –** <br> **Surrender** <br> **Charges**<br>|
| **Transaction** <br> **Charges**<br>| &nbsp;&nbsp; In addition to surrender charges, you may also be charged for other <br> transactions. These charges include a sales charge and a charge for state <br> and federal taxes on premium payments, and a charge for transfers of <br> Cash Value in excess of 12 per Policy year. We are not currently imposing <br> a fee on transfers. | &nbsp;&nbsp; In addition to surrender charges, you may also be charged for other <br> transactions. These charges include a sales charge and a charge for state <br> and federal taxes on premium payments, and a charge for transfers of <br> Cash Value in excess of 12 per Policy year. We are not currently imposing <br> a fee on transfers. | &nbsp;&nbsp; In addition to surrender charges, you may also be charged for other <br> transactions. These charges include a sales charge and a charge for state <br> and federal taxes on premium payments, and a charge for transfers of <br> Cash Value in excess of 12 per Policy year. We are not currently imposing <br> a fee on transfers. | &nbsp;&nbsp; **Fee Tables**<br>**Charges –** <br> **Deductions from**<br> **Each Premium** <br> **Payment;** <br> **Transaction** <br> **Charges**<br>|
| **Ongoing Fees and** <br> **Expenses** (annual <br> charges) | &nbsp;&nbsp; In addition to surrender charges and transaction charges, an investment <br> in the Policy is subject to certain ongoing fees and expenses, including a <br> cost of insurance charge, a Policy charge, a selection and issue expense <br> charge, a mortality and expense risk charge, a Policy loan cost, and a <br> charge for any optional riders. Certain of these ongoing charges vary in <br> amount depending on the insured's age, risk class, and (except for unisex <br> policies) sex. You should view the Policy summary page of your Policy <br> for the specific charges applicable to your Policy.<br>You will also bear expenses associated with the Investment Funds under <br> the Policy, as shown in the following table: | &nbsp;&nbsp; In addition to surrender charges and transaction charges, an investment <br> in the Policy is subject to certain ongoing fees and expenses, including a <br> cost of insurance charge, a Policy charge, a selection and issue expense <br> charge, a mortality and expense risk charge, a Policy loan cost, and a <br> charge for any optional riders. Certain of these ongoing charges vary in <br> amount depending on the insured's age, risk class, and (except for unisex <br> policies) sex. You should view the Policy summary page of your Policy <br> for the specific charges applicable to your Policy.<br>You will also bear expenses associated with the Investment Funds under <br> the Policy, as shown in the following table: | &nbsp;&nbsp; In addition to surrender charges and transaction charges, an investment <br> in the Policy is subject to certain ongoing fees and expenses, including a <br> cost of insurance charge, a Policy charge, a selection and issue expense <br> charge, a mortality and expense risk charge, a Policy loan cost, and a <br> charge for any optional riders. Certain of these ongoing charges vary in <br> amount depending on the insured's age, risk class, and (except for unisex <br> policies) sex. You should view the Policy summary page of your Policy <br> for the specific charges applicable to your Policy.<br>You will also bear expenses associated with the Investment Funds under <br> the Policy, as shown in the following table: | &nbsp;&nbsp; **Fee Tables**<br>**Charges –** <br> **Monthly** <br> **Deduction;**<br> **Charges for** <br> **Additional Benefit**<br> **Riders; Mortality** <br> **and Expense Risk** <br> **Charge;** <br> **Investment Fund** <br> **Expenses**<br>**Appendix A:** <br> **Investment Funds** <br> **Available Under** <br> **the Policy (located** <br> **in this Disclosure** <br> **Notice)** |
| **Ongoing Fees and** <br> **Expenses** (annual <br> charges) | **Annual Fee** | **Minimum** | **Maximum** | &nbsp;&nbsp; **Fee Tables**<br>**Charges –** <br> **Monthly** <br> **Deduction;**<br> **Charges for** <br> **Additional Benefit**<br> **Riders; Mortality** <br> **and Expense Risk** <br> **Charge;** <br> **Investment Fund** <br> **Expenses**<br>**Appendix A:** <br> **Investment Funds** <br> **Available Under** <br> **the Policy (located** <br> **in this Disclosure** <br> **Notice)** |
| **Ongoing Fees and** <br> **Expenses** (annual <br> charges) | &nbsp;&nbsp; Investment options<br> (Investment Fund fees and expenses)<br>| 0.28% | 1.13% | &nbsp;&nbsp; **Fee Tables**<br>**Charges –** <br> **Monthly** <br> **Deduction;**<br> **Charges for** <br> **Additional Benefit**<br> **Riders; Mortality** <br> **and Expense Risk** <br> **Charge;** <br> **Investment Fund** <br> **Expenses**<br>**Appendix A:** <br> **Investment Funds** <br> **Available Under** <br> **the Policy (located** <br> **in this Disclosure** <br> **Notice)** |
|  | **Risks** | **Risks** | **Risks** |  |
| **Risk of Loss** | You can lose money by investing in the Policy. | You can lose money by investing in the Policy. | You can lose money by investing in the Policy. | &nbsp;&nbsp; **Summary of** <br> **Benefits and** <br> **Risks – Risks of** <br> **the Policy**<br>|
| **Not a Short-Term** <br> **Investment**<br>| &nbsp;&nbsp; The Policy is not a short-term investment and is not appropriate for an <br> investor who needs ready access to cash. If you make a premature <br> withdrawal of cash from your Policy, you may incur various costs (e.g., a <br> surrender charge) and also possible federal income tax. | &nbsp;&nbsp; The Policy is not a short-term investment and is not appropriate for an <br> investor who needs ready access to cash. If you make a premature <br> withdrawal of cash from your Policy, you may incur various costs (e.g., a <br> surrender charge) and also possible federal income tax. | &nbsp;&nbsp; The Policy is not a short-term investment and is not appropriate for an <br> investor who needs ready access to cash. If you make a premature <br> withdrawal of cash from your Policy, you may incur various costs (e.g., a <br> surrender charge) and also possible federal income tax. | &nbsp;&nbsp; **Summary of** <br> **Benefits and** <br> **Risks – Risks of** <br> **the Policy**<br>**Charges**<br>|
| **Risks Associated** <br> **with Investment** <br> **Options**<br>| &nbsp;&nbsp; An investment in the Policy is subject to the risk of poor investment <br> performance and can vary depending on the performance of the <br> investment options available under the Policy (e.g., the Investment <br> Funds). Each investment option, including the General Account, will <br> have its own unique risks, and you should review these investment <br> options before making an investment decision. | &nbsp;&nbsp; An investment in the Policy is subject to the risk of poor investment <br> performance and can vary depending on the performance of the <br> investment options available under the Policy (e.g., the Investment <br> Funds). Each investment option, including the General Account, will <br> have its own unique risks, and you should review these investment <br> options before making an investment decision. | &nbsp;&nbsp; An investment in the Policy is subject to the risk of poor investment <br> performance and can vary depending on the performance of the <br> investment options available under the Policy (e.g., the Investment <br> Funds). Each investment option, including the General Account, will <br> have its own unique risks, and you should review these investment <br> options before making an investment decision. | &nbsp;&nbsp; **The Separate** <br> **Account and the** <br> **Investment Funds** <br> **– Brighthouse Life** <br> **Insurance** <br> **Company and the** <br> **Separate Account**<br>|

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&nbsp;&nbsp;&nbsp;&nbsp;**Risks** 

&nbsp;&nbsp;&nbsp;&nbsp;**Restrictions** 

&nbsp;&nbsp;&nbsp;&nbsp;**Taxes** 

&nbsp;&nbsp;&nbsp;&nbsp;**Conflicts of Interest** 

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| | | |
|:---|:---|:---|
|  | **Conflicts of Interest** |  |
| **Exchanges** | &nbsp;&nbsp; In general, sales representatives may have a financial incentive to offer <br> you a new insurance policy in place of the Policy you already own. You <br> should exchange your Policy only if you determine, after comparing the <br> features, fees and risks of both policies, that it is preferable for you to <br> purchase the new policy rather than continue to own the existing Policy. | &nbsp;&nbsp; **The Variable Life** <br> **Insurance** <br> **Policy –** <br> **Replacing Existing** <br> **Insurance**<br>|

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**APPENDIX A**

**Investment Funds Available Under the Policy**

The following is a list of Investment Funds under the Policy. More information about the Investment Funds is available in the prospectuses for the Investment Funds, which may be amended from time to time and can be found online at https://dfinview.com/BHF/PUFT/BHF254. You can also request this information at no cost by calling (800) 638-9294 or sending an email request to rcg@brighthousefinancial.com.

The current expenses and performance information below reflects fees and expenses of the Investment Funds, but do not reflect the other fees and expenses that your Policy may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Investment Fund's past performance is not necessarily an indication of future performance.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objectives** | &nbsp;&nbsp; **Portfolio Company and**<br> ***Adviser/Sub-Adviser*** | &nbsp;&nbsp; **Current** <br> **Expenses** | &nbsp;&nbsp; **Average Annual**<br> **Total Returns**<br> (as of 12/31/2025) | &nbsp;&nbsp; **Average Annual**<br> **Total Returns**<br> (as of 12/31/2025) | &nbsp;&nbsp; **Average Annual**<br> **Total Returns**<br> (as of 12/31/2025) |
| **Investment Objectives** | &nbsp;&nbsp; **Portfolio Company and**<br> ***Adviser/Sub-Adviser*** | &nbsp;&nbsp; **Current** <br> **Expenses** | &nbsp;&nbsp; **1**<br> **Year**<br>| &nbsp;&nbsp; **5**<br> **Year**<br>| &nbsp;&nbsp; **10**<br> **Year**<br>|
| Seeks long-term capital appreciation. | &nbsp;&nbsp; Allspring Mid Cap Value <br> Portfolio — Class A#<br> *Brighthouse Investment Advisers,* <br> *LLC*<br> *Subadviser: Allspring Global* <br> *Investments, LLC*<br>| 0.75% | 6.09% | 9.89% | 9.40% |
| Seeks growth of capital. | &nbsp;&nbsp; Brighthouse Asset Allocation 100 <br> Portfolio — Class A‡<br> *Brighthouse Investment Advisers,* <br> *LLC*<br>| 0.71% | 17.41% | 8.91% | 10.97% |
| Seeks long-term capital appreciation. | &nbsp;&nbsp; Brighthouse Small Cap Value <br> Portfolio — Class A#<br> *Brighthouse Investment Advisers,* <br> *LLC*<br> *Subadviser: Allspring Global* <br> *Investments, LLC*<br>| 0.78% | -2.92% | 6.70% | 8.34% |
| Seeks total return through <br> investment in real estate securities, <br> emphasizing both capital <br> appreciation and current income.<br>| &nbsp;&nbsp; CBRE Global Real Estate <br> Portfolio — Class A#<br> *Brighthouse Investment Advisers,* <br> *LLC*<br> *Subadviser: CBRE Investment* <br> *Management Listed Real Assets* <br> *LLC*<br>| 0.66% | 7.11% | 4.30% | 4.22% |
| Seeks long-term capital appreciation. | &nbsp;&nbsp; Harris Oakmark International <br> Portfolio — Class A#<br> *Brighthouse Investment Advisers,* <br> *LLC*<br> *Subadviser: Harris Associates L.P.*<br>| 0.72% | 33.17% | 6.72% | 7.01% |
| Seeks capital growth and income. | &nbsp;&nbsp; Invesco Comstock <br> Portfolio — Class A#<br> *Brighthouse Investment Advisers,* <br> *LLC*<br> *Subadviser: Invesco Advisers, Inc.*<br>| 0.56% | 17.54% | 15.43% | 12.11% |
| Seeks long-term growth of capital. | &nbsp;&nbsp; Invesco Small Cap Growth <br> Portfolio — Class A#<br> *Brighthouse Investment Advisers,* <br> *LLC*<br> *Subadviser: Invesco Advisers, Inc.*<br>| 0.74% | 6.17% | -0.66% | 9.27% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objectives** | &nbsp;&nbsp; **Portfolio Company and**<br> ***Adviser/Sub-Adviser*** | &nbsp;&nbsp; **Current** <br> **Expenses** | &nbsp;&nbsp; **Average Annual**<br> **Total Returns**<br> (as of 12/31/2025) | &nbsp;&nbsp; **Average Annual**<br> **Total Returns**<br> (as of 12/31/2025) | &nbsp;&nbsp; **Average Annual**<br> **Total Returns**<br> (as of 12/31/2025) |
| **Investment Objectives** | &nbsp;&nbsp; **Portfolio Company and**<br> ***Adviser/Sub-Adviser*** | &nbsp;&nbsp; **Current** <br> **Expenses** | &nbsp;&nbsp; **1**<br> **Year**<br>| &nbsp;&nbsp; **5**<br> **Year**<br>| &nbsp;&nbsp; **10**<br> **Year**<br>|
| Seeks high total investment return <br> through a combination of capital <br> appreciation and income.<br>| &nbsp;&nbsp; Loomis Sayles Global Allocation <br> Portfolio — Class A#<br> *Brighthouse Investment Advisers,* <br> *LLC*<br> *Subadviser: Loomis, Sayles &* <br> *Company, L.P.*<br>| 0.79% | 12.94% | 6.52% | 9.50% |
| Seeks long-term growth of capital. | &nbsp;&nbsp; Loomis Sayles Growth <br> Portfolio — Class A#<br> *Brighthouse Investment Advisers,* <br> *LLC*<br> *Subadviser: Loomis, Sayles &* <br> *Company, L.P.*<br>| 0.55% | 15.21% | 15.06% | 14.19% |
| Seeks capital appreciation. | &nbsp;&nbsp; MFS<sup>®</sup> Research International <br> Portfolio — Class A#<br> *Brighthouse Investment Advisers,* <br> *LLC*<br> *Subadviser: Massachusetts Financial* <br> *Services Company*<br>| 0.56% | 22.72% | 5.80% | 7.83% |
| Seeks maximum real return, <br> consistent with preservation of <br> capital and prudent investment <br> management.<br>| &nbsp;&nbsp; PIMCO Inflation Protected Bond <br> Portfolio — Class A<br> *Brighthouse Investment Advisers,* <br> *LLC*<br> *Subadviser: Pacific Investment* <br> *Management Company LLC*<br>| 1.13% | 7.93% | 1.40% | 3.35% |
| Seeks maximum total return, <br> consistent with the preservation of <br> capital and prudent investment <br> management.<br>| &nbsp;&nbsp; PIMCO Total Return <br> Portfolio — Class A#<br> *Brighthouse Investment Advisers,* <br> *LLC*<br> *Subadviser: Pacific Investment* <br> *Management Company LLC*<br>| 0.58% | 9.21% | 0.19% | 2.55% |
| Seeks to provide total return, <br> primarily through capital <br> appreciation.<br>| &nbsp;&nbsp; State Street Emerging Markets <br> Enhanced Index <br> Portfolio — Class A#<br> *Brighthouse Investment Advisers,* <br> *LLC*<br> *Subadviser: SSGA Funds* <br> *Management, Inc*<br>| 0.55% | 34.45% | 6.31% | —  |
| Seeks long-term capital appreciation <br> by investing in common stocks <br> believed to be undervalued. Income <br> is a secondary objective.<br>| &nbsp;&nbsp; T. Rowe Price Large Cap Value <br> Portfolio — Class A#<br> *Brighthouse Investment Advisers,* <br> *LLC*<br> *Subadviser: T. Rowe Price* <br> *Associates, Inc.*<br>| 0.53% | 12.32% | 10.55% | 10.36% |
| Seeks long-term growth of capital. | &nbsp;&nbsp; T. Rowe Price Mid Cap Growth <br> Portfolio — Class A#<br> *Brighthouse Investment Advisers,* <br> *LLC*<br> *Subadviser: T. Rowe Price* <br> *Associates, Inc.*<br> *Sub-Subadviser: T. Rowe Price* <br> *Investment Management, Inc.*<br>| 0.70% | 3.75% | 4.08% | 10.05% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objectives** | &nbsp;&nbsp; **Portfolio Company and**<br> ***Adviser/Sub-Adviser*** | &nbsp;&nbsp; **Current** <br> **Expenses** | &nbsp;&nbsp; **Average Annual**<br> **Total Returns**<br> (as of 12/31/2025) | &nbsp;&nbsp; **Average Annual**<br> **Total Returns**<br> (as of 12/31/2025) | &nbsp;&nbsp; **Average Annual**<br> **Total Returns**<br> (as of 12/31/2025) |
| **Investment Objectives** | &nbsp;&nbsp; **Portfolio Company and**<br> ***Adviser/Sub-Adviser*** | &nbsp;&nbsp; **Current** <br> **Expenses** | &nbsp;&nbsp; **1**<br> **Year**<br>| &nbsp;&nbsp; **5**<br> **Year**<br>| &nbsp;&nbsp; **10**<br> **Year**<br>|
| Seeks a high level of current income <br> consistent with prudent investment <br> risk and preservation of capital.<br>| &nbsp;&nbsp; BlackRock Ultra-Short Term Bond <br> Portfolio — Class A#<br> *Brighthouse Investment Advisers,* <br> *LLC*<br> *Subadviser: BlackRock Advisors,* <br> *LLC*<br>| 0.37% | 4.15% | 3.09% | 2.10% |
| Seeks a high level of current income, <br> with growth of capital as a <br> secondary objective.<br>| &nbsp;&nbsp; Brighthouse Asset Allocation 20 <br> Portfolio — Class A#‡<br> *Brighthouse Investment Advisers,* <br> *LLC*<br>| 0.68% | 9.47% | 2.32% | 4.22% |
| Seeks high total return in the form of <br> income and growth of capital, with a <br> greater emphasis on income.<br>| &nbsp;&nbsp; Brighthouse Asset Allocation 40 <br> Portfolio — Class A‡<br> *Brighthouse Investment Advisers,* <br> *LLC*<br>| 0.66% | 11.75% | 4.10% | 5.95% |
| Seeks a balance between a high level <br> of current income and growth of <br> capital, with a greater emphasis on <br> growth of capital.<br>| &nbsp;&nbsp; Brighthouse Asset Allocation 60 <br> Portfolio — Class A‡<br> *Brighthouse Investment Advisers,* <br> *LLC*<br>| 0.66% | 13.96% | 5.80% | 7.73% |
| Seeks growth of capital. | &nbsp;&nbsp; Brighthouse Asset Allocation 80 <br> Portfolio — Class A‡<br> *Brighthouse Investment Advisers,* <br> *LLC*<br>| 0.68% | 15.91% | 7.42% | 9.49% |
| Seeks long-term capital growth. | &nbsp;&nbsp; Brighthouse/Artisan Mid Cap Value <br> Portfolio — Class A#<br> *Brighthouse Investment Advisers,* <br> *LLC*<br> *Subadviser: Artisan Partners Limited* <br> *Partnership*<br>| 0.78% | 1.82% | 7.04% | 8.32% |
| Seeks to provide a growing stream of <br> income over time and, secondarily, <br> long-term capital appreciation and <br> current income.<br>| &nbsp;&nbsp; Brighthouse/Wellington Core Equity <br> Opportunities Portfolio — Class A#<br> *Brighthouse Investment Advisers,* <br> *LLC*<br> *Subadviser: Wellington Management* <br> *Company LLP*<br>| 0.62% | 7.83% | 8.29% | 10.73% |
| Seeks maximum capital <br> appreciation.<br>| &nbsp;&nbsp; Frontier Mid Cap Growth <br> Portfolio — Class A#<br> *Brighthouse Investment Advisers,* <br> *LLC*<br> *Subadviser: Frontier Capital* <br> *Management Company, LLC*<br>| 0.69% | 5.16% | 3.79% | 10.15% |
| Seeks long-term growth of capital. | &nbsp;&nbsp; Jennison Growth <br> Portfolio — Class A#<br> *Brighthouse Investment Advisers,* <br> *LLC*<br> *Subadviser: Jennison Associates LLC*<br>| 0.54% | 14.04% | 10.28% | 16.71% |
| Seeks to track the performance of <br> the Standard & Poor's 500<sup>®</sup> <br> Composite Stock Price Index.<br>| &nbsp;&nbsp; MetLife Stock Index <br> Portfolio — Class A#<br> *Brighthouse Investment Advisers,* <br> *LLC*<br> *Subadviser: MetLife Investment* <br> *Management, LLC*<br>| 0.27% | 17.59% | 14.13% | 14.53% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objectives** | &nbsp;&nbsp; **Portfolio Company and**<br> ***Adviser/Sub-Adviser*** | &nbsp;&nbsp; **Current** <br> **Expenses** | &nbsp;&nbsp; **Average Annual**<br> **Total Returns**<br> (as of 12/31/2025) | &nbsp;&nbsp; **Average Annual**<br> **Total Returns**<br> (as of 12/31/2025) | &nbsp;&nbsp; **Average Annual**<br> **Total Returns**<br> (as of 12/31/2025) |
| **Investment Objectives** | &nbsp;&nbsp; **Portfolio Company and**<br> ***Adviser/Sub-Adviser*** | &nbsp;&nbsp; **Current** <br> **Expenses** | &nbsp;&nbsp; **1**<br> **Year**<br>| &nbsp;&nbsp; **5**<br> **Year**<br>| &nbsp;&nbsp; **10**<br> **Year**<br>|
| Seeks high total return, consisting <br> principally of capital appreciation.<br>| &nbsp;&nbsp; Neuberger Berman Genesis <br> Portfolio — Class A#<br> *Brighthouse Investment Advisers,* <br> *LLC*<br> *Subadviser: Neuberger Berman* <br> *Investment Advisers LLC*<br>| 0.81% | -4.57% | 2.86% | 9.12% |
| Seeks long-term growth of capital. | &nbsp;&nbsp; T. Rowe Price Large Cap Growth <br> Portfolio — Class A#<br> *Brighthouse Investment Advisers,* <br> *LLC*<br> *Subadviser: T. Rowe Price* <br> *Associates, Inc.*<br>| 0.56% | 15.70% | 9.64% | 14.39% |
| Seeks to maximize total return <br> consistent with preservation of <br> capital.<br>| &nbsp;&nbsp; Western Asset Management Strategic <br> Bond Opportunities <br> Portfolio — Class A#<br> *Brighthouse Investment Advisers,* <br> *LLC*<br> *Subadviser: Western Asset* <br> *Management Company LLC*<br>| 0.57% | 9.07% | 1.42% | 4.03% |
| Seeks to maximize total return <br> consistent with preservation of <br> capital and maintenance of liquidity.<br>| &nbsp;&nbsp; Western Asset Management <br> U.S. Government <br> Portfolio — Class A#<br> *Brighthouse Investment Advisers,* <br> *LLC*<br> *Subadviser: Western Asset* <br> *Management Company LLC*<br>| 0.50% | 7.07% | 0.59% | 1.82% |

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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.

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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 (800) 638-9294, or send an email request to rcg@brighthousefinancial.com. You can also access other information about the Policy online at https://dfinview.com/BHF/PUFT/BHF254.

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: publicinfo@sec.gov.

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 C000151833

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