Notice Document by Insurance Company (Form N-VP)

 

Group Flexible Payment Variable Annuity Contract

issued by

Brighthouse Life Insurance Company

and

Brighthouse Separate Account A

 

Ultimate Annuity

 

Disclosure Notice

April 27, 2026

A group flexible payment fixed and variable annuity contract
 

This Disclosure Notice provides certain updated information about your Ultimate Variable Annuity Contract (the "Contract"), a group flexible payment 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 Separate Account A (the "Separate Account") are available, free of charge at https://dfinview.com/BHF/PUFT/BHF194. The Contract prospectus, dated November 6, 1996, as supplemented, is available and contains more information about the Contract including its features, benefits, and risks. You can obtain this information at no cost by calling (833) 208-3018 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 surrender 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.

Glossary

Certificate - The form you are given which describes your rights under the Contract. No Certificates are issued for certain deferred compensation or qualified corporate retirement plans. Unless the context provides otherwise, references to the Contract also refer to Certificates.

Fund (or Portfolio Company) - An open-end management investment company, or series thereof, registered under the Investment Company Act of 1940, which serves as the underlying investment medium for a Series in the Separate Account.

General Account - A fixed account investment option that offers an interest rate guaranteed by us. The General Account consists of all assets of BLIC other than those in the Separate Account or any of its other segregated asset accounts.

Monitored Portfolios - Certain Funds on which we monitor transfer activity. We may change the Monitored Portfolios at any time without notice in our sole discretion.

Participant - You, the person who makes Purchase Payments, or the person for whom Purchase Payments are made.

Participant's Account (or Account) - The sum of your interest in each Series of the Separate Account and your interest in the General Account.

Plan - The 403(b) plan, deferred compensation plan, qualified retirement plan, or individual retirement annuity to which the Contract is issued.

Purchase Payment - The amounts paid by or for you in order to provide benefits under the Contract.

Separate Account - The segregated asset account entitled "Brighthouse Separate Account A."

Series - A subdivision of the Separate Account. Each Series invests in a single underlying Fund.

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 Funds

Fund Name Change. A Fund was subject to a name change. The chart below identifies the former name and new name of this Fund. The effective date of this name change is May 1, 2026. 

Former Name	New Name
American Funds Insurance Series®	American Funds Insurance Series®
American Funds Global Small Capitalization Fund	American Funds SMALLCAP World Fund®

Transfers

•Monitored Portfolios. We monitor transfer activity in the following Funds for purposes of imposing our restrictions on frequent transfers:

Alger Small Cap Growth Portfolio

American Funds Growth Fund

American Funds Growth-Income Fund

American Funds SMALLCAP World Fund®

Brighthouse Small Cap Value Portfolio

DWS CROCI® International VIP

Invesco Small Cap Growth Portfolio

MetLife MSCI EAFE® Index Portfolio

MetLife Russell 2000® Index Portfolio

MFS® Research International Portfolio

Neuberger Berman Genesis Portfolio

T. Rowe Price Small Cap Growth Portfolio

Western Asset Management Strategic Bond Opportunities Portfolio

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 years following a Purchase Payment, you may be assessed a surrender charge of 7% of the Purchase Payment withdrawn. For example, if you make an early withdrawal, you could pay a surrender charge of up to $7,000 on a $100,000 investment. This loss will be greater if there are taxes or tax penalties.				Fee Tables   Contract Charges - Sales Charges
Are There Transaction Charges?	Yes. In addition to charges for early withdrawals, you may also be charged for other transactions. These include a charge for transferring cash value between any Series and to the General Account, taking a full or partial surrender, annuitizing all or part of your Participant's Account, or initiating a loan. Transaction Charge for Transfers. Currently, we do not charge for transfers. However, we reserve the right to charge for transfers from any Series.				Fee Tables   Contract Charges - Transaction Charges
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   Contract Charges - Administrative Fees; Mortality and Administrative Expense Risk Charges   Appendix A: Investment Options Available Under the Contract (located in this Disclosure Notice)
	Annual Fee	Minimum		Maximum
	Base Contract1	1.35%		1.35%
	Fund fees and expenses2	0.09%		0.97%
	Optional benefits available for an additional charge	None		None
	1 As a percentage of average Participant's Account value in the Separate Account. The charge shown also includes the Administrative Fee. 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 surrender charges that substantially increase costs.
	Lowest Annual Cost $1,354		Highest Annual Cost $2,103
	Assumes:		Assumes:
	●Investment of $100,000 ●5% annual appreciation ●Least expensive Fund fees and expenses ●No optional benefits ●No additional Purchase Payments, transfers, or withdrawals ●No sales charges		●Investment of $100,000 ●5% annual appreciation ●Most expensive Fund fees and expenses ●No additional Purchase Payments, transfers, or withdrawals ●No sales charges

APPENDIX A

Investment Options Available Under the Contract

The following is a list of Funds under the Contract. More information about the Funds is available in the prospectuses for the Funds, which may be amended from time to time and can be found online at https://dfinview.com/BHF/PUFT/BHF194. You can also request this information at no cost by calling (833) 208-3018 or sending an email request to [email protected].

The current expenses and performance information below reflects fees and expenses of the Funds, 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 Fund's past performance is not necessarily an indication of future performance.

 

Investment Objectives	Portfolio Company and Adviser/Sub-Adviser	Current Expenses	Average Annual Total Returns (as of 12/31/2025)
			1 Year	5 Year	10 Year
Seeks growth of capital.	American Funds Growth Fund - Class 2 Capital Research and Management CompanySM	0.58%	20.24%	13.37%	17.97%
Seeks long-term growth of capital and income.	American Funds Growth-Income Fund - Class 2 Capital Research and Management CompanySM	0.53%	18.06%	13.90%	13.92%
Seeks long-term growth of capital.	American Funds SMALLCAP World Fund® - Class 21# Capital Research and Management CompanySM	0.90%	14.64%	0.49%	7.23%
Seeks 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 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 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%

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 obtain high total return with reduced risk over the long term by allocating its assets among stocks, bonds, and short-term instruments.	Asset Manager 50% Portfolio - Initial Class# Fidelity Management & Research Company LLC Subadviser: FMR UK, FMR HK, and FMR Japan	0.51%	14.98%	5.67%	7.13%
Seeks long-term capital appreciation.	Contrafund® Portfolio - Initial Class Fidelity Management & Research Company LLC Subadviser: FMR UK, FMR HK, and FMR Japan	0.54%	21.52%	15.37%	15.78%
Seeks as high a level of current income as is consistent with preservation of capital and liquidity.	Government Money Market Portfolio - Initial Class Fidelity Management & Research Company LLC Subadviser: FMR UK, FMR HK, and FMR Japan	0.25%	4.13%	3.10%	2.03%
Seeks to achieve capital appreciation.	Growth Portfolio - Initial Class Fidelity Management & Research Company LLC Subadviser: FMR UK, FMR HK, and FMR Japan	0.55%	14.92%	13.70%	17.45%
Seeks investment results that correspond to the total return of common stocks publicly traded in the United States, as represented by the S&P 500® Index.	Index 500 Portfolio - Initial Class†† Fidelity Management & Research Company LLC Subadviser: Geode Capital Management, LLC	0.09%	17.78%	14.31%	14.70%
Seeks long-term capital appreciation.	Alger Small Cap Growth Portfolio - Class I-2 Fred Alger Management, LLC	0.97%	5.91%	-4.93%	8.83%

The following lists the fixed option currently available under the Contract. The General Account listed below will also be used if you participate in a dollar cost averaging program and instruct us to make transfers to or from the General Account. We may change the features of a fixed investment option listed below, offer new fixed investment options, and terminate existing fixed investment options. We will provide you with written notice before doing so.

The minimum interest rate depends on the date your Contract is issued but will not be less than the rate shown below. 

Name	Guaranteed Minimum Interest Rate
General Account	1%

The prospectus, as supplemented, and statement of additional information ("SAI"), dated November 6, 1996, include additional information. The prospectus, as supplemented, and SAI are available, without charge, upon request. For a free copy, call us at (833) 208-3018, or send an email request to [email protected]. You can also access other information about the Contract online at https://dfinview.com/BHF/PUFT/BHF194.

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).