Variable Investment Option Performance Update

Transcription

1 Variable Investment Option Performance Update Brighthouse Life Insurance Company 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 PrimElite II 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 1.65% and the annual Account Fee of $30. These results do not reflect the withdrawal charges which begin at 8% and decrease over 7 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. PrimElite II Non-Standardized Performance: Without surrender charges applied as of 03/31/2018 * Asset Class Variable Funding Options Style One Month YTD 1 Year 3 Year* 5 Year* Asset Allocation QS Variable Conservative Growth - Class I -0.75% -1.44% 6.31% 3.70% 4.70% 4.97% 02/05/1997 QS Variable Moderate Growth - Class I -1.28% -1.35% 8.62% 4.65% 6.10% 5.26% 02/05/1997 (Large Cap) American Funds Growth Fund - Class 2 Growth -2.45% 2.33% 18.74% 12.06% 13.34% 7.80% 02/08/1984 American Funds Growth-Income Fund - Class 2 Blend -2.51% 1.22% 14.69% 9.57% 11.84% 7.27% 02/08/1984 BlackRock Capital Appreciation - Class E++ Growth -2.43% 5.27% 26.18% 11.17% 13.50% 6.73% 05/05/1993 Brighthouse/Wellington Core Equity Opportunities - Class B++ Blend -1.60% -1.61% 9.12% 6.59% 9.36% 5.50% 10/01/2002 Brighthouse/Wellington Large Cap Research - Class E++ Blend -1.99% -0.80% 10.52% 7.96% 11.77% 6.89% 03/23/1998 ClearBridge Variable Aggressive Growth - Class I Growth -1.83% -0.53% 5.15% 1.77% 10.24% 9.00% 11/01/1999 ClearBridge Variable Appreciation - Class I Blend -2.78% -2.37% 9.39% 7.22% 9.44% 6.82% 10/16/1991 ClearBridge Variable Dividend Strategy - Class I++ Value -2.21% -3.76% 8.44% 6.79% 8.47% 6.29% 05/02/2005 ClearBridge Variable Dividend Strategy - Class II Value -2.21% -3.75% 8.38% 6.65% 8.33% 6.14% 10/01/2002 ClearBridge Variable Large Cap Growth - Class I Growth -2.05% 1.20% 17.87% 11.40% 14.30% 9.98% 05/01/1998 ClearBridge Variable Large Cap Value - Class I Value -3.26% -3.53% 5.05% 5.18% 8.41% 6.20% 06/16/1994 Fidelity VIP Equity-Income - Service Class 2 Value -3.20% -4.87% 2.87% 4.81% 6.85% 4.68% 10/09/1986 Franklin Mutual Shares VIP Fund - Class 2 Value -2.31% -3.16% -0.19% 2.61% 5.92% 3.99% 11/08/1996 Invesco Comstock - Class B Value -2.35% -2.87% 10.90% 6.45% 9.10% 6.63% 04/30/1999 Jennison Growth - Class B++ Growth -3.52% 4.50% 26.86% 12.80% 15.19% 10.06% 07/03/1995 QS Variable Growth - Class I Growth -1.51% -1.38% 10.56% 5.34% 7.14% 5.30% 02/05/1997 T. Rowe Price Large Cap Growth - Class B Growth -3.39% 3.26% 22.50% 11.66% 14.87% 9.81% 06/26/1992 T. Rowe Price Large Cap Value - Class E Value -2.74% -3.05% 7.49% 6.78% 9.74% 6.05% 12/03/1993 (Mid Cap) ClearBridge Variable Mid Cap - Class I Blend -0.99% -3.03% 3.59% 3.69% 8.58% 7.46% 11/01/1999 Fidelity VIP Mid Cap - Service Class 2 Growth -1.36% -0.13% 12.78% 6.32% 9.69% 7.09% 12/28/1998 Frontier Mid Cap Growth - Class D++ Growth -0.68% 0.95% 14.89% 6.54% 10.90% 6.77% 03/23/1998 Pioneer Mid Cap Value VCT - Class II Value -0.68% -4.33% 2.80% 3.30% 8.27% 5.54% 03/01/1995 (Small Cap) Brighthouse Small Cap Value - Class B++ Value 1.09% -2.55% 6.06% 7.54% 8.58% 5.95% 04/30/1999 ClearBridge Variable Small Cap Growth - Class I Growth 2.17% 5.34% 22.67% 7.72% 10.12% 9.53% 02/07/1997 Balanced 1919 Variable Socially Responsive Balanced Fund -0.91% 0.04% 11.24% 4.62% 6.48% 5.01% 05/01/1992 Franklin Income VIP Fund - Class % -2.58% 2.04% 2.46% 3.43% 4.09% 01/24/1989 Invesco V.I. Equity and Income Fund - Series II -2.40% -2.58% 4.20% 4.83% 6.65% 5.79% 05/01/2003 MFS Total Return - Class F -1.41% -2.51% 4.47% 3.88% 5.63% 4.63% 06/16/1994 International Equity AB VPS Global Thematic Growth - Class B % -0.59% 18.86% 7.68% 9.74% 4.18% 01/11/1996 American Funds Global Growth Fund - Class % 2.35% 21.16% 9.19% 10.72% 6.79% 04/30/1997 American Funds Global Small Capitalization Fund - Class % 0.39% 15.63% 5.67% 7.22% 3.56% 04/30/1998 MFS Research International - Class B -0.84% -0.97% 16.60% 3.70% 3.96% 1.06% 01/02/1997 Oppenheimer Global Equity - Class B % -0.38% 21.84% 7.96% 9.34% 4.52% 10/01/2002 Fixed Income American Funds Bond Fund - Class 2 Interm. 0.53% -1.91% -0.63% -0.50% -0.05% 1.13% 04/30/1997 BlackRock Bond Income - Class E++ Interm. 0.32% -1.69% -0.13% -0.42% 0.55% 2.07% 06/16/1994 Page 1 of 5

2 Non-Standardized Performance: Without surrender charges applied as of 03/31/2018 Asset Class Variable Funding Options Style * One Month YTD 1 Year 3 Year* 5 Year* BlackRock Ultra-Short Term Bond - Class E Ultrashort -0.04% -0.13% -0.81% -1.29% -1.46% -1.39% 06/16/1994 Western Asset Core Plus VIT - Class I Multisector 0.75% -1.63% 0.93% 0.81% 1.14% 5.22% 06/16/1994 Western Asset Management Strategic Bond Opportunities - Class A Multisector 0.08% -1.21% 2.80% 2.41% 1.97% 4.53% 10/31/1994 Western Asset Management U.S. Government - Class A Interm. Gov. 0.31% -1.15% -1.08% -0.89% -0.62% 0.68% 01/24/1992 Specialty Clarion Global Real Estate - Class B 1.76% -5.00% 2.54% -1.34% 2.49% 3.01% 04/30/2004 *Annualized for Investment Options/s in existence for more than one year. ++ Closed to new investments except under dollar cost averaging and rebalancing programs in existence at the time of closing. PrimElite II is a service mark of Primerica Inc. Securities offered by PFS Investments Inc. 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 Small Cap Value was known as the MetLife Small Cap Value. 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. Prior to the opening of business on November 10, 2014, the Legg Mason Investment Counsel Variable Social Awareness of the Legg Mason Partners Variable Equity Trust was reorganized into the 1919 Variable Socially Responsive Balanced Fund of the Trust for Advised s. Values before November 10, 2014 reflect the performance of the Legg Mason Investment Counsel Variable Social Awareness of the Legg Mason Partners Variable Equity Trust. 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. In conjunction with this change, the Class B shares of the T. Rowe Price Large Cap Value were exchanged for Class E shares. Values before April 28, 2014 for the T. Rowe Price Large Cap Value - Class E reflect the performance of the ClearBridge Variable All Cap Value - Class I. As of May 2, 2011, the following portfolio substitutions took effect: Legg Mason ClearBridge Variable Capital into Davis Venture Value, and Legg Mason Global Currents Variable International All Cap Opportunity into MFS Research International, and Pioneer Fund VCT into Pioneer Fund, and Templeton Growth Securities Fund into Met/Templeton Growth. Performance for the Davis Venture Value consists of the performance of the Legg Mason ClearBridge Variable Capital before and on April 29, 2011 and the Davis Venture Value after April 29, As of May 2, 2011, the following portfolio merger took effect: Legg Mason ClearBridge Variable Dividend Strategy into Legg Mason ClearBridge Variable Equity Income Builder - Class I. Performance for the Legg Mason ClearBridge Variable Equity Income Builder - Class I consists of the performance of the Legg Mason ClearBridge Variable Dividend Strategy before and on April 29, 2011 and the Legg Mason ClearBridge Variable Equity Income Builder after April 29, Due to a fund reorganization on May 28, 2010: Van Kampen LIT Growth and Income changed its name to Invesco Van Kampen V.I. Growth and Income Fund. The fund family name for this fund has changed from Van Kampen Life Investment Trust to AIM Variable Insurance Funds (Invesco Variable Insurance Funds). The investment adviser for this investment options changed from Van Kampen Asset Management to Invesco Advisers, Inc. Due to a fund reorganization on May 28, 2010: UIF Equity and Income changed its name to Invesco Van Kampen V.I. Equity and Income Fund. The fund family name for this investment option has changed from The Universal Institutional Funds, Inc. to AIM Variable Insurance Funds (Invesco Variable Insurance Funds). The investment adviser for this investment options changed from Morgan Stanley Investment Management Inc. to Invesco Advisers, Inc. Effective May 3, 2010, the following investment portfolio substitution was made: the Legg Mason Partners Variable Money Market into the BlackRock Money Market (currently known as BlackRock Ultra-Short Term Bond ). Performance for the BlackRock Money Market consists of the performance for the Legg Mason Western Asset Variable Money Market before and on April 30, 2010 and the BlackRock Money Market after April 30, Effective May 3, 2010, the following investment portfolio substitution was made: Legg Mason Partners Variable Global Equity into Met/Templeton Growth. Performance for the Met/Templeton Growth consists of the performance for the Legg Mason Partners Variable Global Equity before and on April 30, 2010 and the Met/Templeton Growth after April 30, On May 1, 2009, the following share class change was made: Legg Mason Partners Variable Appreciation - Class II to Legg Mason Partners Variable Appreciation - Class I. On May 1, 2009, the following investment portfolio merger was made: Met/AIM Capital Appreciation into BlackRock Legacy Large Cap Growth and Capital Guardian U.S. Equity into Pioneer Fund. On May 1, 2009, the following investment portfolio substitutions were made: Van Kampen LIT Comstock into Van Kampen Comstock. Performance for the Pioneer Fund consists of the performance for the Capital Guardian U.S. Equity on and before May 1, 2009 and the Pioneer Fund after May 1, Performance for the Van Kampen Comstock consists of the performance for the Van Kampen LIT Comstock on and before May 1, 2009 and the Van Kampen Comstock after May 1, Performance for the BlackRock Legacy Large Cap Growth consists of the performance for the Met/AIM Capital Appreciation on and before May 1, 2009 and the BlackRock Legacy Large Cap Growth after May 1, Page 2 of 5

3 Effective on April 28, 2008, the following investment portfolio substitutions were made: AllianceBernstein Large Cap Growth into T. Rowe Price Large Cap Growth ; Legg Mason Partners Variable Government into Western Asset Management U.S. Government and Van Kampen LIT Strategic Growth into Jennison Growth. Investment Performance Is Not Guaranteed. Prospectuses 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 their 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. "Brighthouse Financial" refers to Brighthouse Financial, Inc., a Delaware corporation, and, where appropriate in context, to one or more of its subsidiaries, or all of them taken as a whole. The PrimElite II variable annuity is issued by Brighthouse Life Insurance Company (previously issued by MetLife Insurance Company USA) and is distributed by Brighthouse Securities, LLC (member FINRA). Brighthouse Life Insurance Company Charlotte, NC L [exp1018][All States] Page 3 of 5

4 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 subaccount 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 1.65%, the contract administrative charge $30, the Enhanced Stepped-Up Provision (E.S.P.) 0.25%, and the surrender charge of 8%. Past performance does not guarantee future results. PrimElite II Average Annual Total Return as of 03/31/2018 Assuming Contract Surrender Standardized as of 03/31/2018 Assuming Contract Surrender Asset Class Variable Funding Options 1 Year 5 Year* Asset Allocation * 1 Year 5 Year* Subaccount * Subaccount QS Variable Conservative Growth -1.16% 3.53% 4.71% -1.16% 3.53% 4.71% 02/05/ /07/1998 QS Variable Moderate Growth 0.98% 4.92% 5.00% 0.98% 4.92% 5.00% 02/05/ /24/1998 (Large Cap) American Funds Growth 10.39% 12.08% 7.53% 10.39% 12.08% 7.53% 02/08/ /01/2003 American Funds Growth-Income 6.63% 10.60% 7.00% 6.63% 10.60% 7.00% 02/08/ /01/2003 BlackRock Capital Appreciation % 12.23% 6.47% 17.31% 12.23% 6.47% 05/05/ /02/2002 Brighthouse/Wellington Core Equity Opportunities % 8.14% 5.24% 1.45% 8.14% 5.24% 10/01/ /17/2004 Brighthouse/Wellington Large Cap Research % 10.52% 6.62% 2.75% 10.52% 6.62% 03/23/ /07/1998 ClearBridge Variable Aggressive Growth -2.25% 9.01% 8.73% -2.25% 9.01% 8.73% 11/01/ /01/2000 ClearBridge Variable Appreciation 1.70% 8.22% 6.56% 1.70% 8.22% 6.56% 10/16/ /06/1998 ClearBridge Variable Dividend Strategy % 7.26% 6.02% 0.82% 7.26% 6.02% 05/02/ /04/2005 ClearBridge Variable Dividend Strategy 0.76% 7.12% 5.87% 0.76% 7.12% 5.87% 10/01/ /17/2004 ClearBridge Variable Large Cap Growth 9.58% 13.03% 9.71% 9.58% 13.03% 9.71% 05/01/ /01/2001 ClearBridge Variable Large Cap Value -2.33% 7.20% 5.93% -2.33% 7.20% 5.93% 06/16/ /07/1998 Fidelity VIP Equity-Income -4.36% 5.66% 4.42% -4.36% 5.66% 4.42% 10/09/ /02/2002 Franklin Mutual Shares VIP -7.21% 4.74% 3.73% -7.21% 4.74% 3.73% 11/08/ /02/2002 Invesco Comstock 3.10% 7.88% 6.37% 3.10% 7.88% 6.37% 04/30/ /18/2000 Jennison Growth % 13.91% 9.79% 17.94% 13.91% 9.79% 07/03/ /18/2000 QS Variable Growth 2.79% 5.95% 5.04% 2.79% 5.95% 5.04% 02/05/ /06/1998 T. Rowe Price Large Cap Growth 13.88% 13.59% 9.54% 13.88% 13.59% 9.54% 06/26/ /02/2002 T. Rowe Price Large Cap Value -0.06% 7.77% 5.51% -0.06% 7.77% 5.51% 12/03/ /22/1998 (Mid Cap) ClearBridge Variable Mid Cap -3.69% 7.37% 7.19% -3.69% 7.37% 7.19% 11/01/ /01/2001 Fidelity VIP Mid Cap 4.85% 8.47% 6.83% 4.85% 8.47% 6.83% 12/28/ /02/2002 Frontier Mid Cap Growth % 9.67% 6.50% 6.81% 9.67% 6.50% 03/23/ /08/1998 Pioneer Mid Cap Value VCT -4.43% 7.06% 5.28% -4.43% 7.06% 5.28% 03/01/ /02/2002 (Small Cap) Brighthouse Small Cap Value % 7.37% 5.68% -1.40% 7.37% 5.68% 04/30/ /02/2002 ClearBridge Variable Small Cap Growth 14.05% 8.90% 9.26% 14.05% 8.90% 9.26% 02/07/ /01/2001 Balanced 1919 Variable Socially Responsive Balanced 3.41% 5.29% 4.75% 3.41% 5.29% 4.75% 05/01/ /01/2000 Franklin Income VIP -5.14% 2.28% 3.83% -5.14% 2.28% 3.33% 01/24/ /28/2008 Invesco V.I. Equity and Income -3.13% 5.46% 5.53% -3.13% 5.46% 5.53% 05/01/ /01/2003 MFS Total Return -2.88% 4.46% 4.37% -2.88% 4.46% 4.37% 06/16/ /06/1998 International Equity AB VPS Global Thematic Growth % 8.52% 3.92% 10.50% 8.52% 3.92% 01/11/ /02/2002 American Funds Global Growth 12.64% 9.49% 6.53% 12.64% 9.49% 6.53% 04/30/ /01/2003 American Funds Global Small Capitalization 7.50% 6.02% 3.30% 7.50% 6.02% 3.08% 04/30/ /28/2008 MFS Research International 8.41% 2.80% 0.81% 8.41% 2.80% 0.81% 01/02/ /02/2002 Oppenheimer Global Equity % 8.13% 4.28% 13.27% 8.13% 4.28% 10/01/ /17/2004 Fixed Income American Funds Bond -7.62% -1.16% 0.88% -7.62% -1.16% 0.81% 04/30/ /28/2008 BlackRock Bond Income % -0.57% 1.82% -7.15% -0.57% 1.82% 06/16/ /02/2002 BlackRock Ultra-Short Term Bond -7.79% -2.55% -1.64% -7.79% -2.55% -1.64% 06/16/ /09/1998 Western Asset Core Plus VIT -6.17% 0.02% 4.96% -6.17% 0.02% 4.96% 06/16/ /06/1998 Western Asset Management Strategic Bond Opportunities -4.43% 0.83% 4.27% -4.43% 0.83% 4.27% 10/31/ /12/1997 Western Asset Management U.S. Government -8.04% -1.73% 0.43% -8.04% -1.73% 0.43% 01/24/ /18/2005 Specialty Clarion Global Real Estate -4.67% 1.35% 2.75% -4.67% 1.35% 2.75% 04/30/ /01/2004 *Annualized for Investment Options/s in existence for more than one year. ++ Closed to new investments except under dollar cost averaging and rebalancing programs in existence at the time of closing. Page 4 of 5

5 is a service mark of Primerica Inc. Securities offered by PFS Investments Inc. Investment Performance Is Not Guaranteed. Prospectuses 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 their 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. "Brighthouse Financial" refers to Brighthouse Financial, Inc., a Delaware corporation, and, where appropriate in context, to one or more of its subsidiaries, or all of them taken as a whole. The PrimElite II variable annuity is issued by Brighthouse Life Insurance Company (previously issued by MetLife Insurance Company USA) and is distributed by Brighthouse Securities, LLC (member FINRA). Brighthouse Life Insurance Company Charlotte, NC L [exp1018][All States] Page 5 of 5