Notice Document by Insurance Company (Form N-VP)

 

The Variable Annuity Contract

issued by

Brighthouse Life Insurance Company

and

Brighthouse Separate Account A

 

Series S (offered between October 7, 2011 and May 1, 2016)

 

Disclosure Notice

April 28, 2025

A flexible premium deferred variable annuity contract
 

This Disclosure Notice provides certain updated information about your Series S (offered between October 7, 2011 and May 1, 2016) Variable Annuity Contract (the "Contract" or "contract"), a flexible 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 A (the "Separate Account") are available, free of charge at https://dfinview.com/BHF/PUFT/BHF217. The Contract prospectus, dated May 1, 2016, 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 (888) 243-1932 or by sending an email request to rcg@brighthousefinancial.com.

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.

Special Terms

Account Value. The sum of your interests in the Investment Portfolios, including the Enhanced Dollar Cost Averaging 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.

Investment Portfolios. The means of investing offered to Owners 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 Separate Account A to hold the assets that underlie the Contracts.

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 29, 2024. This does not reflect all of the changes that have occurred since you entered into your Contract.  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 the Investment Portfolios. 

Former Name	New Name
Brighthouse Funds Trust I	Brighthouse Funds Trust I
American Funds® Growth Allocation Portfolio Brighthouse/abrdn Emerging Markets Equity Portfolio	American Funds® Aggressive Allocation Portfolio SSGA Emerging Markets Enhanced Index Portfolio II*

*The effective date of this name change was August 19, 2024.  Portfolio Merger. The following Former Investment Portfolio was merged with and into the New Investment Portfolio. 

Former Investment Portfolio	New Investment Portfolio
Brighthouse Funds Trust I	Brighthouse Funds Trust I
SSGA Emerging Markets Enhanced Index Portfolio II	SSGA Emerging Markets Enhanced Index Portfolio

Investment Portfolios

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

AB International Bond Portfolio

Baillie Gifford International Stock Portfolio

BlackRock Global Allocation V.I. Fund

BlackRock High Yield Portfolio

Brighthouse Small Cap Value Portfolio

Brighthouse/Dimensional International Small Company Portfolio

Brighthouse/Eaton Vance Floating Rate Portfolio

CBRE Global Real Estate Portfolio

Harris Oakmark International Portfolio

Invesco Global Equity Portfolio

Invesco Small Cap Growth Portfolio

Loomis Sayles Global Allocation Portfolio

MetLife MSCI EAFE® Index Portfolio

MetLife Russell 2000® Index Portfolio

MFS® Research International Portfolio

Neuberger Berman Genesis Portfolio

SSGA Emerging Markets Enhanced Index Portfolio

Western Asset Management Strategic Bond Opportunities Portfolio

Important Information You Should Consider About the Contract 

	Fees and Expenses				Location in Prospectus
Charges for Early Withdrawals	If you elect the "Series S" Contract class and you withdraw money during the first 7 full Contract Years following a Purchase Payment, you may be assessed a withdrawal charge of up to 7% 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 $7,000 on a $100,000 investment.				Fee Table and Examples   Expenses - Withdrawal Charge
Transaction Charges	In addition to withdrawal charges, you also may be charged for the following transactions: transfers of cash value between investment options. Transfer Fee. 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   Expenses - Transfer Fee
Ongoing Fees and Expenses (annual charges)	The table below describes the fees and expenses that you may pay each year, depending on the 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 Table and Examples   Expenses - Product Charges   Appendix A: Investment Portfolios Available Under the Contract (located in this Disclosure Notice)
	Annual Fee	Minimum		Maximum
	Base Contract1	1.17%		1.17%
	Portfolio Company (fund fees and expenses)2	0.53%		2.86%
	Optional benefits available for an additional charge (for a single optional benefit (if elected)	0.60%3		1.20%4
	1 As a percentage of average Account Value in the Separate Account. The charge shown also includes the Account Fee. 2 As a percentage of fund assets before temporary expense reimbursements and/or fee waivers. 3 As a percentage of the Benefit Base, which is a value used to calculate your benefit. This charge is the current charge for the least expensive optional benefit. 4 As a percentage of the Benefit Base, which is a value used to calculate your benefit. 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 $1,564		Highest Annual Cost $5,645
	Assumes:		Assumes:
	●Investment of $100,000 ●5% annual appreciation ●Least expensive combination of Contract classes and Portfolio Company fees and expenses ●No optional benefits ●No sales charges ●No additional Purchase Payments, transfers, or withdrawals		●Investment of $100,000 ●5% annual appreciation ●Most expensive combination of Contract classes, optional benefits, and Portfolio Company fees and expenses ●No sales charges ●No additional Purchase Payments, transfers or withdrawals

APPENDIX A

Investment Portfolios 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/BHF217. You can also request this information at no cost by calling (888) 243-1932 or sending an email request to rcg@brighthousefinancial.com. Depending on the optional benefits you choose, you may not be able to invest in certain Investment Portfolios. See Appendix B: Investment Portfolios Available Under the Benefits Offered Under the Contract.

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. 

Investment Objectives	Portfolio Company and Adviser/Sub-Adviser	Current Expenses	Average Annual Total Returns (as of 12/31/2024)
			1 Year	5 Year	10 Year
Seeks high total investment return.	BlackRock Global Allocation V.I. Fund - Class III# BlackRock Advisors, LLC Subadviser: BlackRock (Singapore) Limited	1.01%	8.93%	5.72%	5.32%
Seeks capital appreciation and current income.	AB Global Dynamic Allocation Portfolio - Class B#* Brighthouse Investment Advisers, LLC Subadviser: AllianceBernstein L.P.	0.91%	7.31%	2.02%	3.69%
Seeks to maximize total return.	AB International Bond Portfolio - Class B Brighthouse Investment Advisers, LLC Subadviser: AllianceBernstein L.P.	0.86%	5.54%	-0.19%	-
Seeks long-term capital appreciation.	Allspring Mid Cap Value Portfolio - Class B# Brighthouse Investment Advisers, LLC Subadviser: Allspring Global Investments, LLC	0.99%	11.86%	8.95%	7.47%
Seeks growth of capital.	American Funds® Aggressive Allocation Portfolio - Class C‡ Brighthouse Investment Advisers, LLC	0.99%	14.57%	8.76%	8.81%
Seeks a balance between a high level of current income and growth of capital, with a greater emphasis on growth of capital.	American Funds® Balanced Allocation Portfolio - Class C‡ Brighthouse Investment Advisers, LLC	0.96%	11.60%	7.00%	7.21%
Seeks to achieve growth of capital.	American Funds® Growth Portfolio - Class C Brighthouse Investment Advisers, LLC; Capital Research and Management CompanySM	0.91%	31.23%	18.46%	16.22%

Investment Objectives	Portfolio Company and Adviser/Sub-Adviser	Current Expenses	Average Annual Total Returns (as of 12/31/2024)
			1 Year	5 Year	10 Year
Seeks to maximize total return consistent with preservation of capital and maintenance of liquidity.	Western Asset Management U.S. Government Portfolio - Class B# Brighthouse Investment Advisers, LLC Subadviser: Western Asset Management Company LLC	0.75%	2.09%	-0.01%	0.93%
Seeks long-term growth of capital.	Janus Henderson Global Sustainable Equity Portfolio - Service Shares# Janus Henderson Investors US LLC	0.99%	11.01%	-	-

APPENDIX B

Investment Portfolios 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 allocation restrictions, as reflected in the following table. See "Investment Allocation Restrictions for Certain Riders" for more details. If your optional benefit is not included in the table below, your contract is not currently subject to any investment allocation restrictions.  

Optional Benefit

GMIB Max V

GMIB Max IV

GMIB Max III

GMIB Max II

GMIB Plus IV

GMIB Plus III

GWB v1

Flex Choice GLWB

GLWB Death Benefit

EDB Max V

EDB Max IV

EDB Max III

EDB Max II

Enhanced Death Benefit III (EDB III)

Enhanced Death Benefit II (EDB II)

You may not allocate Purchase Payments to the Standard Dollar Cost Averaging Program if you elect any of these optional benefits.

Investment Allocation and Other Purchase Payment Restrictions for GMIB Max, EDB Max and GWB v1 Riders.

GMIB Max, EDB Max and GWB v1. If you elect the GMIB Max V or EDB Max V, or if you elected the GMIB Max IV, GMIB Max III, GMIB Max II, EDB Max IV, EDB Max III or EDB Max II (all eight riders are referred to collectively as the "GMIB Max and EDB Max riders") or if you elect the GWB v1 rider, you may allocate your Purchase Payment and Account Value only among the following Investment Portfolios:

 

AB Global Dynamic Allocation Portfolio

BlackRock Global Tactical Strategies Portfolio

Brighthouse Balanced Plus Portfolio

Invesco Balanced-Risk Allocation Portfolio

JPMorgan Global Active Allocation Portfolio

Investment Allocation and Other Purchase Payment Restrictions for GMIB Plus IV, EDB III, GMIB Plus III, and EDB II

If you elect the GMIB Plus IV rider, the Enhanced Death Benefit III rider, the GMIB Plus III rider, or the Enhanced Death Benefit II rider, you must allocate 100% of your Purchase Payments or Account Value among the following Investment Portfolios :

 

FlexChoice GLWB and the GWLB Death Benefit. For contracts issued with FlexChoice GLWB with or without the GLWB Death Benefit, you must allocate a minimum of 80% of your investments to Platform 1 and you may allocate a maximum of 20% of your investment to Platform 2 below. You select the amount to invest (by percentage) in the funds under the contract, but the amount of Purchase Payments or Account Value that you allocate to the groups identified below must comply with the specified minimums or maximums percentages for those groups. We will automatically rebalance your allocations quarterly. 

Platform 1	Platform 2
A minimum of 80% of your Purchase Payments or Account Value	A maximum of 20% of Purchase Payments or Account Value
AB Global Dynamic Allocation Portfolio	American Funds® Balanced Allocation Portfolio
BlackRock Global Tactical Strategies Portfolio	American Funds® Moderate Allocation Portfolio
Brighthouse Balanced Plus Portfolio	Brighthouse Asset Allocation 20 Portfolio
Invesco Balanced-Risk Allocation Portfolio	Brighthouse Asset Allocation 40 Portfolio
JPMorgan Global Active Allocation Portfolio	Brighthouse Asset Allocation 60 Portfolio
MetLife Aggregate Bond Index Portfolio	SSGA Growth and Income ETF Portfolio
MetLife Multi-Index Targeted Risk Portfolio
PanAgora Global Diversified Risk Portfolio
Schroders Global Multi-Asset Portfolio
Western Asset Management Government Income Portfolio

The prospectus, as supplemented, and statement of additional information ("SAI"), dated May 1, 2016, include additional information. The prospectus, as supplemented, and SAI are available, without charge, upon request. For a free copy, call us at (888) 243-1932, or send an email request to rcg@brighthousefinancial.com. You can also access other information about the Contract online at https://dfinview.com/BHF/PUFT/BHF217.

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).