Flexible Premium Variable Annuity

Transcription

1 Metropolitan Life Insurance Company Flexible Premium Variable Annuity Performance Summary as of 01/31/18 Variable Investment Option Performance Update The performance data quoted represents past performance and does not guarantee future results. Performance current to the most recent month-end may be viewed at The investment return and principal value of an investment will fluctuate and an investor's shares, when redeemed, may be worth more or less than their original cost. Returns for Sub-Accounts that invest in s that were in existence prior to the Sub-Account inception date have been adjusted to reflect the charges and expenses of the Flexible Premium Variable Annuity, as if the contract had existed during the stated period(s), including all -level expenses, the M&E risk and administrative expense charges of 1.40% and the annual Account Fee of $30. These results do not reflect the withdrawal charges which begin at 7% and decrease over 6 years (for returns reflecting these charges, see the Standardized report pages in this document that follows this Nonstandardized report). These figures represent past performance and are not an indication of future performance. Current performance may be lower or higher than the performance figures quoted. Non-Standardized Performance: Without surrender charges applied as of 01/31/2018 Flexible Premium Variable Annuity Inception Date Year-to- Date 1 Year 3 Year* 5 Year* Since Variable Funding Options One Month AB VPS Global Thematic Growth - Class B 01/11/ % 4.61% 32.49% 11.73% 10.89% 4.55% BlackRock Bond Income - Class A 08/30/ % -0.94% 1.47% 0.03% 1.17% 2.43% BlackRock Capital Appreciation - Class A 08/30/ % 10.33% 39.58% 15.35% 15.50% 7.68% BlackRock High Yield - Class A 05/16/ % 0.50% 5.92% 4.42% 4.40% 6.37% BlackRock Ultra-Short Term Bond - Class A 12/31/ % -0.02% -0.54% -1.03% -1.20% -1.06% Brighthouse Small Cap Value - Class B 04/30/ % 2.83% 12.68% 12.52% 11.07% 6.80% Brighthouse/Wellington Core Equity Opportunities - Class A 05/02/ % 4.75% 21.57% 8.94% 11.40% 4.94% Brighthouse/Wellington Large Cap Research - Class E 03/23/ % 5.46% 22.91% 12.26% 14.43% 7.18% ClearBridge Variable Aggressive Growth - Class I 11/01/ % 7.47% 17.46% 6.65% 13.96% 9.38% ClearBridge Variable Appreciation - Class I 10/16/ % 5.34% 22.61% 11.70% 12.45% 7.78% ClearBridge Variable Dividend Strategy - Class I 02/17/ % 3.87% 20.99% 10.43% 11.59% 6.93% ClearBridge Variable Large Cap Growth - Class I 05/01/ % 7.17% 28.40% 15.95% 16.88% 10.54% ClearBridge Variable Large Cap Value - Class I 02/17/ % 5.18% 17.24% 9.97% 11.58% 6.68% ClearBridge Variable Mid Cap - Class I 11/01/ % 1.74% 10.17% 7.92% 10.56% 7.77% ClearBridge Variable Small Cap Growth - Class I 02/07/ % 2.29% 21.04% 9.04% 11.27% 9.07% Fidelity VIP Contrafund - Service Class 2 01/03/ % 6.01% 23.74% 11.05% 12.63% 7.00% Fidelity VIP Dynamic Capital Appreciation - Service Class 2 09/25/ % 6.97% 26.32% 9.90% 13.35% 8.00% Franklin Small-Mid Cap Growth VIP Fund - Class 2 05/01/ % 4.80% 20.41% 7.83% 10.84% 7.39% Frontier Mid Cap Growth - Class D 03/23/ % 5.40% 25.07% 11.02% 13.18% 7.16% Invesco Comstock - Class B 04/30/ % 4.95% 21.38% 11.22% 12.13% 7.08% Invesco V.I. Equity and Income Fund - Series I 05/01/ % 3.59% 12.85% 8.45% 9.39% 4.53% Page 1 of 6

2 Flexible Premium Variable Annuity Non-Standardized Performance: Without surrender charges applied as of 01/31/2018 Inception Date Year-to- Date 1 Year 3 Year* 5 Year* Since Variable Funding Options One Month Jennison Growth - Class B 07/03/ % 10.10% 42.27% 17.08% 17.33% 10.46% MetLife Stock Index - Class B 10/16/ % 5.54% 23.95% 12.42% 13.63% 7.60% MFS Research International - Class B 01/02/ % 4.91% 28.56% 7.44% 5.29% 1.95% MFS Total Return - Class F 06/16/ % 2.38% 12.15% 6.57% 7.60% 5.04% MFS Value - Class D 08/30/ % 4.81% 20.41% 11.87% 12.48% 5.77% Morgan Stanley Mid Cap Growth - Class B+ 09/28/ % 7.20% 36.36% 8.05% 10.19% 6.68% PIMCO Total Return - Class B 01/02/ % -1.10% 1.33% -0.31% 0.24% 3.10% T. Rowe Price Large Cap Growth - Class B 06/26/ % 8.98% 36.77% 16.11% 17.19% 10.29% T. Rowe Price Large Cap Value - Class B 01/14/ % 4.75% 20.33% 11.15% 12.81% 6.52% T. Rowe Price Large Cap Value - Class E++ 12/03/ % 4.76% 20.47% 11.26% 11.80% 6.59% Templeton Foreign VIP Fund - Class 2 05/01/ % 3.68% 15.22% 5.46% 3.37% 1.54% Western Asset Management Strategic Bond Opportunities - Class A 06/16/ % -0.06% 5.61% 3.08% 2.42% 4.90% Western Asset Management U.S. Government - Class A+ 09/14/ % -0.91% -0.51% -0.79% -0.46% 0.34% Western Asset Variable Global High Yield Bond - Class I 05/01/ % 0.28% 5.85% 4.67% 2.63% 5.07% *Annualized for Investment Options/s in existence for more than one year. + Not available under all Contracts. Availability depends on Contract issue date. ++ Closed to new investments except under dollar cost averaging and rebalancing programs in existence at the time of closing. This is past performance and is no guarantee of future results. Current performance may be lower or higher than the performance quoted. Prior to March 6, 2017, Brighthouse Funds Trust I was known as Met Investors Series Trust and Brighthouse Funds Trust II was known as Metropolitan Series Fund. Prior to March 6, 2017, the Brighthouse/Wellington Core Equity Opportunities was known as the Met/Wellington Core Equity Opportunities. Prior to March 6, 2017, the Brighthouse/Wellington Large Cap Research was known as the Met/Wellington Large Cap Research. On or about May 1, 2016, the Pioneer Fund merged with and into the Met/Wellington Core Equity Opportunities. Values before May 1, 2016 reflect the performance of the Pioneer Fund. On or about May 1, 2016, the Pioneer Strategic Income merged with and into the Western Asset Management Strategic Bond Opportunities. Values before May 1, 2016 reflect the performance of the Pioneer Strategic Income. Effective April 28, 2014, the T. Rowe Price Large Cap Value - Class E of the Met Investors Series Trust replaced ClearBridge Variable All Cap Value - Class I of the Legg Mason Partners Variable Equity Trust. Values before April 28, 2014 for the T. Row Price Large Cap Value - Class E reflect the performance of the ClearBridge Variable All Cap Value - Class I. Effective April 29, 2013, the FI Value Leaders merged into MFS Value. Values before April 29, 2013 reflect the performance of FI Value Leaders. As of May 2, 2011, the following portfolio merger took effect: Invesco V.I. Basic Balanced Fund into Invesco Van Kampen V.I. Equity and Income Fund (now known as Invesco V.I. Equity and Income Fund). Performance for the Invesco V.I. Equity and Income Fund consists of the performance of the Invesco V.I. Basic Balanced Fund before May 2, Page 2 of 6

3 On May 1, 2009, the following investment portfolio substitutions were made: Legg Mason Partners Variable Equity Index into MetLife Stock Index, PIMCO VIT Total Return into PIMCO Total Return and Van Kampen Life Investment Trust Comstock into Van Kampen Comstock (now known as Invesco Comstock ). Performance for the MetLife Stock Index consists of the performance of the Legg Mason Partners Variable Equity Index on and before May 1, Performance for the PIMCO Total Return consists of the performance of the PIMCO VIT Total Return on and before May 1, Performance for the Invesco Comstock consists of the performance of the Van Kampen Life Investment Trust Comstock on and before May 1, On May 1, 2009, the following investment portfolio mergers were made: Capital Guardian U.S. Equity into Pioneer Fund, and FI Large Cap and Met/AIM Capital Appreciation into BlackRock Legacy Large Cap Growth (now known as BlackRock Capital Appreciation ). Performance for the Pioneer Fund consists of the performance of the Capital Guardian U.S. Equity on and before May 1, Performance for the BlackRock Legacy Large Cap Growth consists of the performance of the FI Large Cap on and before May 1, Effective on April 28, 2008, the following investment portfolio substitutions were made: Legg Mason Partners Variable Government into Western Asset Management U.S. Government ; Putnam VT Discovery Growth Fund into Van Kampen Mid Cap Growth (now the Morgan Stanley Mid Cap Growth ) and Van Kampen LIT Strategic Growth into Jennison Growth. Performance for the Western Asset Management U.S. Government consists of the performance of the Legg Mason Partners Variable Government on and before April 28, 2008 and the Western Asset Management U.S. Government after April 28, Performance for the Morgan Stanley Mid Cap Growth consists of the performance of the Putnam VT Discovery Growth Fund on and before April 28, 2008 and the Morgan Stanley Mid Cap Growth after April 28, Performance for the Jenison Growth consists of the performance of the Van Kampen LIT Strategic Growth on and before April 28, 2008 and the Jenison Growth after April 28, Effective on April 30, 2007, the following investment portfolio substitutions were made: AIM V.I. Core Equity Fund into Capital Guardian U.S. Equity ; Putnam VT International Equity Fund into MFS Research International ; Putnam VT Small Cap Value Fund into Third Avenue Small Cap Value (currently known as MetLife Small Cap Value ). Performance for the Capital Guardian U.S. Equity consists of the performance of the AIM V.I. Core Equity Fund on and before April 27, 2007 and the Capital Guardian U.S. Equity after April 27, Performance for the MFS Research International consists of the performance of the Putnam VT International Equity on and before April 27, 2007 and the MFS Research International after April 27, Performance for the Third Avenue Small Cap Value consists of the performance of the Putnam VT Small Cap Value Fund on and before April 27, 2007 and the Third Avenue Small Cap Value after April 27, Effective on April 30, 2007 the BlackRock Large Cap Core Class A (currently known as WMC Large Cap Research) underwent a share class exchange to BlackRock Large Cap Core Class E. Performance for BlackRock Large Cap Core - Class E consists of the performance of the BlackRock Large Cap Core - Class A before April 30, 2007 and the BlackRock Large Cap Core - Class E on and after April 30, Effective on April 30, 2007, the following investment portfolios merged: Legg Mason Partners Variable Small Cap Growth Opportunities merged into Legg Mason Partners Variable Small Cap Growth (now Legg Mason ClearBridge Variable Small Cap Growth ); Legg Mason Partners Variable Total Return merged into Legg Mason Partners Variable Capital and Income (now Legg Mason ClearBridge Variable Equity Income Builder ); and Western Asset Management High Yield Bond merged into BlackRock High Yield. Performance for the Legg Mason ClearBridge Variable Small Cap Growth consists of the performance of the Legg Mason Partners Variable Small Cap Growth Opportunities before April 30, 2007 and the Legg Mason ClearBridge Variable Small Cap Growth on and after April 30, Performance for the Legg Mason ClearBridge Variable Equity Income Builder before April 30, 2007 consists of the performance of the Legg Mason Partners Total Return and the Legg Mason ClearBridge Variable Equity Income Builder on and after April 30, Performance for the BlackRock High Yield consists of the performance of the Western Asset Management High Yield Bond before April 30, 2007 and the BlackRock High Yield on and after April 30, Page 3 of 6

4 Investment Performance Is Not Guaranteed. Prospectuses for the investment portfolios are available from your financial professional or at The investment objectives, risks and policies of the investment options, as well as other information about the investment options, are described in their respective Variable annuities are long-term investments designed for retirement purposes. Variable annuities have limitations, exclusions, charges, termination provisions and terms for keeping them in force. There is no guarantee that any of the variable investment options in this product will meet its stated goals or objectives. The account value is subject to market fluctuations and investment risk so that, when withdrawn, it may be worth more or less than its original value. All product guarantees, including optional benefits, are subject to the claims-paying ability and financial strength of the issuing insurance company. Please contact your financial professional for complete details. Withdrawals of taxable amounts are subject to ordinary income tax and if made before age 59½, may be subject to a 10% Federal income tax penalty. Distributions of taxable amounts from a non-qualified annuity may also be subject to the 3.8% Unearned Income Medicare Contribution Tax on Net Investment Income if your modified adjusted gross income exceeds the applicable threshold amount. Withdrawals will reduce the living and death benefits and account value. Withdrawals may be subject to withdrawal charges. Any discussion of taxes is for general informational purposes only, does not purport to be complete or cover every situation, and should not be construed as legal, tax or accounting advice. Clients should confer with their qualified legal, tax and accounting advisors as appropriate. Flexible Premium variable annuity is issued by Metropolitan Life Insurance Company, New York, NY Product is distributed by MetLife Investors Distribution Company (member FINRA), New York, NY Both are MetLife companies. Metropolitan Life Insurance Company New York, NY Page 4 of 6 L [exp0418][All States][DC]

5 Flexible Premium Variable Annuity The performance data quoted represents past performance and does not guarantee future results. Performance current to the most recent month-end may be viewed at The investment return and principal value of an investment will fluctuate and an investor's shares, when redeemed, may be worth more or less than their original cost. Each Investment Option consists of a sub-account of the separate account supporting the contract (a "Sub-Account") that invests solely in shares of a fund portfolio (a ""). Standardized Performance for an Investment Option, as defined by the SEC, is the Average Annual Total Return for periods commencing no earlier than the Sub-Account inception date and terminating at the end of the most recent calendar quarter. Average Annual Total Returns shown that include periods prior to the Sub-Account inception date are Non-Standardized Performance. Charges for Standardized Performance include all -level expenses, the M&E risk and administrative expense charges of 1.40%, the contract administrative charge $30, and the surrender charge of 7%. Past performance does not guarantee future results. Flexible Premium Variable Annuity Variable Funding Options Average Annual Total Return as of 01/31/2018 Assuming Contract Surrender Inception Date 1 Year 5 Years* Since Standardized as of 12/31/2017 Assuming Contract Surrender Sub-Account Inception Date 1 Year 5 Years* AB VPS Global Thematic Growth - Class B 01/11/ % 10.08% 4.55% 05/01/ % 9.85% 2.46% BlackRock Bond Income - Class A 08/30/ % 0.43% 2.43% 06/01/ % 0.54% 2.65% BlackRock Capital Appreciation - Class A 08/30/ % 14.65% 7.68% 06/01/ % 13.27% 5.42% BlackRock High Yield - Class A 05/16/ % 3.63% 6.37% 06/01/ % 3.85% 6.08% BlackRock Ultra-Short Term Bond - Class A 12/31/ % -1.92% -1.06% 06/01/ % -1.95% -1.03% Brighthouse Small Cap Value - Class B 04/30/ % 10.25% 6.80% 05/01/ % 10.84% 6.29% Brighthouse/Wellington Core Equity Opportunities - Class A 05/02/ % 10.59% 4.94% 06/01/ % 10.62% 4.00% Brighthouse/Wellington Large Cap Research - Class E 03/23/ % 13.60% 7.18% 06/01/ % 13.49% 5.67% ClearBridge Variable Aggressive Growth - Class I 11/01/ % 13.12% 9.38% 04/20/ % 13.00% 8.03% ClearBridge Variable Appreciation - Class I 10/16/ % 11.63% 7.78% 04/20/ % 11.49% 6.73% ClearBridge Variable Dividend Strategy - Class I 02/17/ % 10.77% 6.93% 06/01/ % 10.93% 5.98% ClearBridge Variable Large Cap Growth - Class I 05/01/ % 16.02% 10.54% 05/01/ % 15.84% 8.95% ClearBridge Variable Large Cap Value - Class I 02/17/ % 10.77% 6.68% 06/01/ % 10.78% 5.60% ClearBridge Variable Mid Cap - Class I 11/01/ % 9.75% 7.77% 05/01/ % 10.90% 7.04% ClearBridge Variable Small Cap Growth - Class I 02/07/ % 10.46% 9.07% 05/01/ % 11.49% 7.85% Fidelity VIP Contrafund - Service Class 2 01/03/ % 11.81% 7.00% 05/01/ % 11.48% 5.45% Fidelity VIP Dynamic Capital Appreciation - Service Class 2 09/25/ % 12.52% 8.00% 05/01/ % 11.90% 6.56% Franklin Small-Mid Cap Growth VIP Fund - Class 2 05/01/ % 10.03% 7.39% 06/01/ % 10.35% 5.77% Frontier Mid Cap Growth - Class D 03/23/ % 12.35% 7.16% 06/01/ % 12.30% 5.59% Invesco Comstock - Class B 04/30/ % 11.31% 7.08% 05/01/ % 11.52% 6.15% Invesco V.I. Equity and Income Fund - Series I 05/01/ % 8.59% 4.53% 05/01/ % 8.82% 3.79% Jennison Growth - Class B 07/03/ % 16.47% 10.46% 05/01/ % 15.02% 8.42% MetLife Stock Index - Class B 10/16/ % 12.80% 7.60% 09/15/ % 12.69% 6.34% MFS Research International - Class B 01/02/ % 4.52% 1.95% 01/02/ % 4.39% 0.50% MFS Total Return - Class F 06/16/ % 6.81% 5.04% 06/01/ % 7.03% 4.52% MFS Value - Class D 08/30/ % 11.66% 5.77% 05/01/ % 11.87% 4.51% Morgan Stanley Mid Cap Growth - Class B+ 09/28/ % 9.39% 6.68% 05/01/ % 8.87% 4.96% PIMCO Total Return - Class B 01/02/ % -0.50% 3.10% 05/01/ % -0.38% 3.55% T. Rowe Price Large Cap Growth - Class B 06/26/ % 16.33% 10.29% 05/01/ % 15.15% 8.26% T. Rowe Price Large Cap Value - Class B 01/14/ % 11.98% 6.52% 05/01/ % 12.14% 5.49% T. Rowe Price Large Cap Value - Class E++ 12/03/ % 10.98% 6.59% 05/01/ % 11.61% 5.58% Templeton Foreign VIP Fund - Class 2 05/01/ % 2.62% 1.54% 06/01/ % 2.73% 0.31% Western Asset Management Strategic Bond Opportunities - Class A 06/16/ % 1.67% 4.90% 02/02/ % 1.85% 4.99% Western Asset Management U.S. Government - Class A+ 09/14/ % -1.19% 0.34% 09/14/ % -1.05% 0.63% Western Asset Variable Global High Yield Bond - Class I 05/01/ % 1.88% 5.07% 06/01/ % 2.15% 4.78% Since Sub- Account Page 5 of 6

6 *Annualized for Investment Options/s in existence for more than one year. + Not available under all Contracts. Availability depends on Contract issue date. ++ Closed to new investments except under dollar cost averaging and rebalancing programs in existence at the time of closing. Current performance may be lower or higher than the performance quoted. This is past performance and is no guarantee of future results. Prior to March 6, 2017, Brighthouse Funds Trust I was known as Met Investors Series Trust and Brighthouse Funds Trust II was known as Metropolitan Series Fund. Investment Performance Is Not Guaranteed. Prospectuses for the investment portfolios are available from your financial professional or at The investment objectives, risks and policies of the investment options, as well as other information about the investment options, are described in their respective prospectuses. Investors should consider the investment objectives, risks, charges and expenses of the investment company carefully before investing. Please read the prospectuses and consider this information carefully before investing. Product availability and features may vary by state. Variable annuities are long-term investments designed for retirement purposes. Variable annuities have limitations, exclusions, charges, termination provisions and terms for keeping them in force. There is no guarantee that any of the variable investment options in this product will meet its stated goals or objectives. The account value is subject to market fluctuations and investment risk so that, when withdrawn, it may be worth more or less than its original value. All product guarantees are subject to the claims-paying ability and financial strength of the issuing insurance company. Please contact your financial professional for complete details. Withdrawals of taxable amounts are subject to ordinary income tax and if made before age 59½, may be subject to a 10% Federal income tax penalty. Distributions of taxable amounts from a non-qualified annuity may also be subject to the 3.8% Unearned Income Medicare Contribution Tax on Net Investment Income if your modified adjusted gross income exceeds the applicable threshold amount. Withdrawals will reduce the living and death benefits and account value. Withdrawals may be subject to withdrawal charges. Any discussion of taxes is for general informational purposes only, does not purport to be complete or cover every situation, and should not be construed as legal, tax or accounting advice. Clients should confer with their qualified legal, tax and accounting advisors as appropriate. Flexible Premium variable annuity is issued by Metropolitan Life Insurance Company, New York, NY Product is distributed by MetLife Investors Distribution Company (member FINRA), New York, NY Both are MetLife companies. Metropolitan Life Insurance Company New York, NY L [exp0418][All States][DC] Page 6 of 6