Brighthouse Separate Account Eleven for Variable Annuities

04/15/2026 | Press release | Distributed by Public on 04/15/2026 05:37

Notice Document by Insurance Company (Form N-VP)

 
The Variable Annuity Contract
issued by
BRIGHTHOUSE LIFE INSURANCE COMPANY
and
Brighthouse Separate Account Eleven for Variable Annuities
 
Brighthouse Accumulation Annuity
Disclosure Notice
April 27, 2026
A modified single premium deferred variable annuity contract
This Disclosure Notice provides certain updated information about your Brighthouse Accumulation Annuity Annuity Contract (the "Contract" or "contract"), a modified single premium deferred 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 Separate Account Eleven for Variable Annuities (the "Separate Account") are available free of charge at https://dfinview.com/BHF/PUFT/BHF221. The Contract prospectus, dated May 1, 2017, as supplemented, is available and contains more information about the Contract including its features, benefits, and risks. You can also obtain this information at no cost by calling (888) 243-1932 or by sending an email request to [email protected].
The Contract is a complex investment and involves risks, including potential loss of principal. The Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals (partial or full) could result in withdrawal charges, taxes, and tax penalties.
The Company's obligations under the Contract are subject to our financial strength and claims-paying ability. Additional general information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission's staff and is available at Investor.gov.
The Securities and Exchange Commission has not approved or disapproved these securities or determined if this Disclosure Notice is accurate or complete. Any representation to the contrary is a criminal offense.
Table of Contents
 
Page
Special Terms
3
Updated Information You Should Consider About The Contract
3
Important Information You Should Consider About the Contract
4
Appendix A: INVESTMENT OPTIONS Available Under the Contract
A-1
2
Special Terms
Account Value - the sum of your interests in the Investment Option.
Contract Year - is defined as a one-year period starting on the Contract Date, which is the date the contract is issued, and on each Contract Anniversary thereafter.
Purchase Payment - the money you give us to invest in the contract. The Purchase Payment is due on the date the contract is issued. You may not make additional Purchase Payments.
Separate Account -Brighthouse Separate Account Eleven for Variable Annuities.
Investment Option -a registered open-end management investment company in which the Separate Account invests. May also be referred to as "Portfolio Company".
Updated Information You Should Consider About The Contract
The information in this Disclosure Notice is a summary of certain Contract features that have changed since the Disclosure Notice dated April 28, 2025. This may not reflect all of the changes that have occurred since you entered into your Contract.
On November 6, 2025, Brighthouse Financial, Inc. ("BHF") and Aquarian Capital LLC ("Aquarian") announced that they had entered into a definitive agreement under which an affiliate of Aquarian will acquire BHF. This transaction is subject to the satisfaction or waiver of customary closing conditions, including receipt of applicable regulatory approvals. Subject to such approvals and the satisfaction or waiver of the other conditions, the transaction is expected to be consummated in 2026.
Upon the consummation of the transaction, Aquarian will become the ultimate parent of BHF and BLIC will remain an indirect wholly-owned subsidiary of BHF. Although Aquarian will replace BHF as BLIC's ultimate parent, BLIC will continue in its present role as the issuer of your contract. All of your rights and benefits under your contract and BLIC's obligations under the contract will remain unchanged.
Founded in 2017, Aquarian Capital is a diversified global holding company with a strategic portfolio of insurance and asset management solutions. Aquarian is headquartered in New York, NY.
3
Important Information You Should Consider About the Contract  
Fees, Expenses, and Adjustments
Location in
Prospectus
Are There
Charges or
Adjustments for
Early
Withdrawals?
Yes. If you withdraw money during the first 7 full Contract Years following a
Purchase Payment, you may be assessed a withdrawal charge of up to 2% of
the Purchase Payment withdrawn, declining to 0% over that time period.
For example, if you make an early withdrawal, you could pay a withdrawal
charge of up to $2,000 on a $100,000 investment. This loss will be greater
if there are taxes or tax penalties.
Fee Tables and
Examples
 
Expenses-
Withdrawal
Charge
Are There
Transaction
Charges?
Yes. You may be charged for the following transactions: transfers of Account
Value between Investment Options.
Transfer Charge. Currently, we allow unlimited transfers among the
Investment Options without charge. However, we reserve the right to
charge for transfers after the first 12 transfers per year.
Fee Tables and
Examples
 
Expenses-
Transfer Fee
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
 
Living Benefit -
Preservation and
Growth Rider
(PGR)
 
Appendix A:
Investment
Options Available
Under the
Contract (located
in this Disclosure
Notice)
Annual Fee
Minimum
Maximum
Base Contract1
2.10%
2.10%
Investment Options fees
and expenses2
0.28%
0.68%
Optional benefits
available for an
additional charge (for a
single optional benefit, if
elected)
None
None
1As a percentage of average daily net assets of the Separate Account. The charge shown also
includes the mortality and expense charge and the Preservation and Growth Rider 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.
Lowest Annual Cost
$2,152
Highest Annual Cost
$4,933
Assumes:
Assumes:
●Investment of $100,000
●5% annual appreciation
●Least expensive Investment Option
fees and expenses
●No sales charge
●No additional Purchase Payments,
transfers, or withdrawals
●Investment of $100,000
●5% annual appreciation
●Most expensive Investment
Option fees and expenses
●No sales charge
●No additional Purchase
Payments, transfers, or
withdrawals
4
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 7 years
following a Purchase Payment. Withdrawal charges will reduce the value
of your Contract if you withdraw money during that time. Withdrawals
could significantly reduce the value of your Contract, the death benefit,
and other Contract benefits. 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
What Are the
Risks Associated
with the
Investment
Options?
●An investment in this Contract is subject to the risk of poor investment
performance and can vary depending on the performance of the
investment options available under the Contract (e.g., Investment
Options).
●Each investment option has its own unique risks.
●You should review the prospectuses for the available Investment Options
before making an investment decision.
The Annuity
Contract
 
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 or 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 the Company, including our
financial strength ratings, is available by contacting us at (888) 243-1968.
The Annuity
Contract
 
Separate Account
Restrictions
Are There
Restrictions on
the Investment
Options?
Yes.
●Currently, we allow unlimited transfers without charge among
investment options during the accumulation phase. However, we reserve
the right to limit transfers or impose a charge for transfers in excess of
12 per year.
●We reserve the right to limit transfers in circumstances of frequent or
large transfers.
●We reserve the right to remove or substitute the Investment Options
available under the Contract.
●Currently, there is only one Investment Option available.
Expenses -
Transfer Fee
 
Investment
Options
Are There Any
Restrictions on
Contract
Benefits?
Yes.
●Withdrawals will reduce the value of the death benefit and the PGR
amount, perhaps significantly.
●Except as otherwise provided, Contract benefits may not be modified or
terminated by us.
Death Benefit
 
Living Benefit -
Preservation and
Growth Rider
(PGR)
5
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 59½.
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 -
Selling Firms
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.
Purchase -
Replacement of
Contracts
6
Appendix A
INVESTMENT OPTIONS Available Under the Contract
The following is a list of Investment Options under the Contract. More information about the Investment Options is available in the prospectuses for the Investment Options, which may be amended from time to time and can be found online at https://dfinview.com/BHF/PUFT/BHF221. 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 Options, 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 Option's performance is not necessarily an indication of future performance.  
Investment Objectives
Portfolio Company and
Adviser/Sub-Adviser
Current
Expenses
Average Annual
Total Returns
(as of 12/31/2025)
1
Year
5
Year
10
Year
Seeks high total return.
Fidelity VIP FundsManager 60% Portfolio
- Investor Class#‡
Fidelity Management & Research
Company LLC
0.63%
15.71%
6.67%
8.19%
Seeks as high a level of
current income as is
consistent with preservation
of capital and liquidity.
Government Money Market Portfolio -
Investor Class†
Fidelity Management & Research
Company LLC
Subadviser: FMR UK, FMR HK, and FMR
Japan
0.28%
4.10%
3.08%
2.01%
#
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.
†
The Government Money Market Portfolio was available only during the free look period for CA purchasers age 60 or older when the contract was initially issued.
A-1
 
The prospectus, as supplemented, and statement of additional information ("SAI") dated May 1, 2017 include additional information. The prospectus and SAI are available, without charge, upon request. For a free copy, call us at (888) 243-1932 or send an email request to [email protected]. You can also access other information about the Contract online at https://dfinview.com/BHF/PUFT/BHF221.
Reports and other information about the Separate Account are available on the SEC's website at http://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 C000146608
Brighthouse Separate Account Eleven for Variable Annuities published this content on April 15, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 15, 2026 at 11:37 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]