Notice Document by Insurance Company (Form N-VP)

 

	Page
Glossary	3
Updated Information You Should Consider About The Contract	3
Important Information You Should Consider About the Contract	5
Appendix A: Investment Options Available Under the Contract	A-1
Appendix B: Underlying Funds Available Under the Benefits Offered Under the Contract	B-1

Glossary

Contract Value - Purchase Payments, plus or minus any investment experience on the amounts allocated to the variable funds or interest on amounts allocated to the Fixed Account, adjusted by any applicable charges and withdrawals.

Contract Years - twelve month periods beginning with the date of Contract issuance.

Fixed Account - an account that consists of all of the assets under this Contract other than those in the Separate Account. The Fixed Account is part of the general assets of the Company.

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

Purchase Payment - the premium payment(s) applied to the Contract, less any premium taxes (if applicable).

Separate Account - a segregated account registered with the Securities and Exchange Commission (SEC), the assets of which are invested solely in the Underlying Funds. The assets of the Separate Account are held exclusively for the benefit of Contract Owners.

Underlying Fund - a portfolio of an open-end management investment company, that is registered with the SEC, in which a Subaccount invests. May also be referred to as "Portfolio Company."

Variable Funding Option - a Subaccount of the Separate Account (i.e., a portion of the assets of the Separate Account) that invests in an Underlying Fund.

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 your entered into your Contract.

On November 6, 2025, Brighthouse Financial ("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.

Changes Affecting the Underlying Funds

Underlying Fund Reorganization. Each of the following Former Underlying Funds has been reorganized into the New Underlying Funds. 

Former Underlying Funds	New Underlying Funds
Legg Mason Partners Variable Equity Trust	Lincoln Variable Insurance Products Trust
ClearBridge Variable Large Cap Growth Portfolio	LVIP ClearBridge Large Cap Growth Fund
ClearBridge Variable Large Cap Value Portfolio	LVIP ClearBridge Large Cap Value Fund

 

Portfolio Name Change. Certain Underlying Funds were subject to a name change. The chart below identifies the former name and new name of the Underlying Funds. 

Former Name	New Name
Legg Mason Partners Variable Equity Trust	Lincoln Variable Insurance Products Trust
SSGA Emerging Markets Enhanced Index Portfolio	State Street Emerging Markets Enhanced Index Portfolio

 

Transfers - Market Timing/Excessive Trading

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

CBRE Global Real Estate Portfolio

ClearBridge Variable Small Cap Growth Portfolio

Invesco Global Equity Portfolio

Invesco Small Cap Growth Portfolio

JPMorgan Small Cap Value Portfolio

MFS® Research International Portfolio

State Street Emerging Markets Enhanced Index Portfolio

Western Asset Management Strategic Bond Opportunities Portfolio

Western Asset Variable Global High Yield Bond 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 7 full Contract Years following a Purchase Payment, you may be assessed a withdrawal charge of up to 6% 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 $6,000 on a $100,000 investment. This loss will be greater if there are taxes or tax penalties.				Fee Table and Examples   Charges and Deductions - Withdrawal Charge
Are There Transaction Charges?	Yes. In addition to withdrawal charges, you also may be charged for the following transactions: transfers of cash value between investment options, which include the Underlying Funds and the Fixed Account. 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 Table and Examples   Charges and Deductions - Transfer Charges

	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 and optional benefits 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 Table and Examples   Charges and Deductions   Appendix A: Investment Options Available Under the Contract (located in this Disclosure Notice)
	Annual Fee	Minimum		Maximum
	Base Contract1	1.58%		1.58%
	Portfolio Company fees and expenses2	0.40%		1.15%
	Optional benefits available for an additional charge (for a single optional benefit, if elected)	0.15%3		0.50%4
	1 As a percentage of average daily net assets of the Separate Account. The charge shown also includes the annual Contract administrative charge. 2 As a percentage of fund assets before temporary expense reimbursements and/or fee waivers. 3 As a percentage of average daily net assets of the Separate Account. This charge is the current charge for the least expensive optional benefit. 4 As a percentage of average daily net assets of the Separate Account. This charge is the current charge for the most expensive optional benefit.
	Because your Contract is customizable, the choices you make affect how much you will pay. 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 $2,353		Highest Annual Cost $3,766
	Assumes:		Assumes:
	●Investment of $100,000 ●5% annual appreciation ●Least expensive Portfolio Company fees and expenses ●No optional benefits ●No sales charges ●No additional Purchase Payments, transfers, loans, or withdrawals		●Investment of $100,000 ●5% annual appreciation ●Most expensive combination of optional benefits and Portfolio Company fees and expenses ●No sales charges ●No additional Purchase Payments, transfers, loans, or withdrawals

 

	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 - The Variable Funding Options

Appendix A

Investment Options Available Under the Contract

The following is a list of Underlying Funds under the Contract. More information about the Underlying Funds is available in the prospectuses for the Underlying Funds, which may be amended from time to time and can be found online at https://dfinview.com/BHF/PUFT/BHF125. You can also request this information at no cost by calling (888) 243-1932* or sending an email request to [email protected]. Depending on the optional benefits you choose, you may not be able to invest in certain Underlying Funds. See Appendix B: Underlying Funds Available Under the Benefits Offered Under the Contract.

*If (1) you purchased a Guaranteed Minimum Accumulation Benefit (GMAB) rider with your contract, (2) your contract currently has or had an active loan initiated anytime on or before April 10, 2011, or (3) as the designated beneficiary on the contract, you elected, on or after April 10, 2011, to continue the contract in your own name after the death of the original owner or annuitant, please call (833) 208-3018.

The current expenses and performance information below reflects fees and expenses of the Underlying 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 Underlying 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 capital growth and income through investments in equity securities, including common stocks, preferred stocks and securities convertible into common and preferred stocks.	Invesco V.I. Comstock Fund - Series I†† Invesco Advisers, Inc.	0.75%	17.45%	15.43%	11.95%
Seeks to provide reasonable current income and long-term growth of income and capital.	Invesco V.I. Diversified Dividend Fund - Series II Invesco Advisers, Inc.	0.93%	15.44%	10.53%	8.93%
Seeks to achieve a high level of total return on its assets through a combination of capital appreciation and current income.	Invesco V.I. Equally-Weighted S&P 500 Fund - Series II Invesco Advisers, Inc. Subadviser: Invesco Capital Management LLC	0.59%	10.82%	9.89%	11.11%
Seeks total return, comprised of current income and capital appreciation.	Invesco V.I. Government Securities Fund - Series II Invesco Advisers, Inc.	0.95%	6.95%	-0.22%	1.34%
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%

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.	Western Asset Variable Global High Yield Bond Portfolio - Class I Legg Mason Partners Fund Advisor, LLC Subadvisers: Western Asset Management Company, LLC; Western Asset Management Company Limited; Western Asset Management Company Pte. Ltd.	0.81%	9.96%	2.56%	5.33%
Seeks long-term growth of capital.	LVIP ClearBridge Large Cap Growth Fund - Class I# Legg Mason Partners Fund Advisor, LLC Subadviser: ClearBridge Investments, LLC	0.74%	8.62%	10.57%	14.46%
Seeks long-term growth of capital as its primary objective. Current income is a secondary objective.	LVIP ClearBridge Large Cap Value Fund - Class I# Legg Mason Partners Fund Advisor, LLC Subadviser: ClearBridge Investments, LLC	0.72%	10.20%	10.11%	10.01%
Seeks long-term capital appreciation by investing primarily in growth-oriented equity securities of large capitalization companies.	Growth Portfolio - Class I# Morgan Stanley Investment Management Inc.	0.57%	35.72%	3.41%	17.76%

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 a dollar cost averaging 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.

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

Name	Term (Guarantee Period)	Guaranteed Minimum Interest Rate
Fixed Account	12 months	1%

Appendix B

Underlying Funds Available Under the Benefits Offered Under the Contract

If you have elected an optional benefit under the Contract, your Contract may be subject to investment restrictions, as reflected below. See "Living Benefits" in the prospectus for more details. If your optional benefit is not identified

below, your Contract is not currently subject to any investment restrictions. 

Investment Restrictions for GMWB II and GMWB III

We reserve the right to restrict allocations to one or more Variable Funding Options or limit the percentage of Contract Value that may be allocated to any Variable Funding Option at any time. We also reserve the right to require periodic rebalancing of Contract Value allocated to Variable Funding Options according to specified percentages. We will provide no less than 30 days' advance written notice if we exercise our right to restrict or limit allocations to one or more Variable Funding Options and/or require periodic rebalancing between Variable Funding Options.

Investment Restrictions for GMAB

If you own the GMAB rider, you are required to allocate at least 20% of your Contract Value and Purchase Payments to one or more of the "Class B" Variable Funding Options. You may allocate up to 80% in one or more of the "Class A" Variable Funding Options.

 

Class B - At Least 20%

BlackRock Bond Income Portfolio - Class B

BlackRock Ultra-Short Term Bond Portfolio - Class A

Invesco V.I. Government Securities Fund - Series II

Western Asset Management Strategic Bond Opportunities Portfolio - Class B

Western Asset Variable Global High Yield Bond Portfolio - Class I

Class A - Up to 80%

BlackRock Capital Appreciation Portfolio - Class A

CBRE Global Real Estate Portfolio - Class A

ClearBridge Variable Small Cap Growth Portfolio - Class I

Contrafund® Portfolio - Service Class 2

Growth Portfolio - Class I

Invesco Comstock Portfolio - Class B

Invesco Global Equity Portfolio - Class B

The prospectus, as supplemented, and statement of additional information ("SAI") dated April 28, 2008 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/BHF125.

*If (1) you purchased a Guaranteed Minimum Accumulation Benefit (GMAB) rider with your contract, (2) your contract currently has or had an active loan initiated anytime on or before April 10, 2011, or (3) as the designated beneficiary on the contract, you elected, on or after April 10, 2011, to continue the contract in your own name after the death of the original owner or annuitant, please call (833) 208-3018.

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).