Brighthouse Separate Account Eleven for Variable Annuities

04/17/2026 | Press release | Distributed by Public on 04/17/2026 10:41

Notice Document by Insurance Company (Form N-VP)

 
Universal Annuity Advantage
ISSUED BY
BRIGHTHOUSE LIFE INSURANCE COMPANY
and
Brighthouse Separate Account Eleven for Variable Annuities 
Disclosure Notice
April 27, 2026
A Flexible Premium Variable Annuity Contract
This Disclosure Notice provides certain updated information about your Universal Annuity Advantage
Annuity Contract (the "Contract or "contract), a flexible premium variable annuity contract issued by Brighthouse Life Insurance Company (the "Company," or "we," "us," or "our"). We no longer actively offer the Contracts to new purchasers, but we continue to accept new Participants under existing Contracts previously issued to Plans.
Updated Financial Statements for the Company and Brighthouse Separate Account Eleven for Variable Annuities (the "Separate Account") are available free of charge at https://dfinview.com/BHF/PUFT/BHF121. The Contract prospectus, dated May 1, 2010, as supplemented, is available and contains more information about the Contract including its features, benefits, and risks. You can also 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 withdrawal 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 the adequacy of this Disclosure Notice. Any representation to the contrary is a criminal offense.
Table of Contents
 
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
2
Glossary
Accumulation Period - the period before the commencement of Annuity payments.
Annuity - payment of income in the form of a series of periodic payments (i) for life; (ii) for life with a minimum number of payments; (iii) on a joint life basis; or (iv) for a fixed period.
Annuity Period - the period following commencement of Annuity payments.
Contract - for convenience, means the Contract or Certificate (i.e., the document issued to Participants under a master group Contract). Any reference to the Contract includes the underlying Certificate unless the context provides otherwise.
Contract Owner - the person named in the Contract (on the specifications page). For certain group Contracts, the Contract Owner is the trustee or other entity which owns the Contract.
Fixed Account - an account that consists of all of the assets under the Contract other than those in the Separate Account. The Fixed Account investment option is described in the prospectus for the Contract.
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.
Participant - an individual participating under a group Contract or an eligible person who is a member in the Plan.
Plan - for a group Contract, the plan or the arrangement used in a retirement plan or program whereby Purchase Payments and any gains are intended to qualify under Section 401, 403, or 457 of the Internal Revenue Code.
Purchase Payments - the premium payment(s) applied to the Contract.
Separate Account - a segregated account, 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 in which You may invest through the Separate Account. May also be referred to as Portfolio Company.
You, Your - "You," or "you," depending on the context, may be the Certificate holder, the Participant or the Contract Owner and a natural person, a trust established for the benefit of a natural person or a charitable remainder trust, or a Plan (or the employer purchaser who has purchased the Contract on behalf of the Plan).
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.
3
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 Appreciation Portfolio
LVIP ClearBridge Appreciation Fund
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
Franklin Templeton Variable Insurance Products Trust
Franklin Templeton Variable Insurance Products Trust
Templeton Developing Markets VIP Fund
Templeton Emerging Markets VIP Fund*
* The effective date of this name change is May 1, 2026.
 
Transfers
Monitored Portfolios. Under "Transfers - Market Timing/Excessive Trading," we monitor transfer activity in the following "Monitored Portfolios" for purposes of imposing our restrictions on frequent transfers:
BlackRock High Yield Portfolio
Brighthouse Small Cap Value Portfolio
CBRE Global Real Estate Portfolio
ClearBridge Variable Small Cap Growth Portfolio
Franklin Small-Mid Cap Growth VIP Fund
Harris Oakmark International Portfolio
Invesco Global Equity Portfolio
Invesco Small Cap Growth Portfolio
Janus Henderson Overseas Portfolio
JPMorgan Small Cap Value Portfolio
Loomis Sayles Global Allocation Portfolio
MetLife MSCI EAFE® Index Portfolio
MetLife Russell 2000® Index Portfolio
Neuberger Berman Genesis Portfolio
T. Rowe Price Small Cap Growth Portfolio
Templeton Emerging Markets VIP Fund
Templeton Foreign VIP Fund
Western Asset Management Strategic Bond Opportunities Portfolio
4
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 withdrawal charge of 5%, as a percentage
of the Purchase Payment withdrawn.
For example, if you make an early withdrawal, you could pay a withdrawal
charge of up to $5,000 on a $100,000 investment. This loss will be greater
if there are taxes or tax penalties.
Fee Table
 
Charges and
Deductions -
Withdrawal
Charge
Are There
Transaction
Charges?
Yes. In addition to charges for early withdrawals, you may also be charged
for other transactions. There may be taxes on Purchase Payments.
Transfer Fee. Currently, we do not charge for transfers. However, we reserve
the right to charge for transfers after the first 12 transfers per year.
Fee Table
 
Charges and
Deductions
5
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
 
Charges and
Deductions
 
Appendix A:
Investment
Options Available
Under the
Contract (located
in this Disclosure
Notice)
Annual Fee
Minimum
Maximum
Base Contract1
1.33%
1.48%
Portfolio Company fees
and expenses2
0.27%
1.37%
Optional benefits
available for an
additional charge (for a
single optional benefit, if
elected)
0.40%3
0.40%4
1 As a percentage of average net assets of the Separate Account. The charge shown also
includes the Contract Administrative Charge.
2 As a percentage of Underlying 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
$1,425
Highest Annual Cost
$2,837
Assumes:
Assumes:
●Investment of $100,000
●5% annual appreciation
●Least expensive Portfolio Company
fees fees and expenses
●No sales charges
●No additional Purchase Payments,
transfers, loans, or withdrawals
●Investment of $100,000
●5% annual appreciation
●Most expensive Portfolio
Company fees fees and
expenses
●No sales charges
●No additional Purchase
Payments, transfers, loans, or
withdrawals
6
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
Funding Options
Is This a
Short-Term
Investment?
No. This Contract is not a short-term investment and is not appropriate for
an investor who needs ready access to cash.
Amounts withdrawn from the Contract may result in withdrawal charges,
taxes, and tax penalties. Withdrawal charges may apply for the first 5 years
following a Purchase Payment. Withdrawal charges will reduce the value of
your Contract if you withdraw money during that time period. Withdrawals
could significantly reduce the value of your Contract, the death benefit, and
other Contract benefits, including the optional death benefit. The reduction
may be more than the amount withdrawn.
The benefits of tax deferral also mean the Contract is more beneficial to
investors with a long time horizon.
The Annuity
Contract - The
Funding Options
What Are the
Risks Associated
with the
Investment
Options?
●An investment in this Contract is subject to the risk of poor investment
performance and can vary depending on the performance of the
investment options available under the Contract.
●Each investment option, including the Fixed Account, has its own unique
risks.
●You should review the prospectuses for the available Underlying Funds
and the prospectus disclosure concerning the Fixed Account before
making an investment decision.
The Annuity
Contract - The
Funding Options
What Are the
Risks Related to
the Insurance
Company?
An investment in the Contract is subject to the risks related to Us. Any
obligations (including under the Fixed Account) and guarantees and
benefits of the Contract that exceed the assets of the Separate Account are
subject to Our claims-paying ability. If We experience financial distress, We
may not be able to meet Our obligations to you. More information about
Brighthouse Life Insurance Company, including our financial strength
ratings, is available by contacting us at 888-243-1968.
The Annuity
Contract
Restrictions
Are There
Restrictions on
the Investment
Options?
Yes.
●Currently, we allow unlimited transfers without charge among investment
options during the Accumulation Period. However, we reserve the right
to limit transfers or impose a charge for transfers in excess of 12 per year.
●We reserve the right to limit the number of transfers in circumstances of
frequent or large transfers. At a minimum, we would always allow one
transfer every six months.
●We reserve the right to limit transfers from the Fixed Account in any
calendar year to 20% of the Fixed Account value as of the end of the
preceding Contract Year.
●We reserve the right to remove or substitute the Underlying Funds that
are available as investment options under the Contract.
●If You participate through a retirement Plan, your Plan may limit your
Funding Options.
Transfers
7
Restrictions
Location in
Prospectus
Are There Any
Restrictions on
Contract
Benefits?
Yes.
●Certain optional benefits limit or restrict the investment options that you
may select under the Contract. We may change these restrictions in the
future.
●Withdrawals will reduce the value of the death benefit, perhaps
significantly.
●Withdrawals may reduce the value of an optional benefit by an amount
greater than the value withdrawn, which could significantly reduce the
value or even terminate the benefit.
●Except as otherwise provided, Contract benefits may not be modified or
terminated by us.
Access to Your
Money
 
Death Benefit
Taxes
What Are the
Contract's Tax
Implications?
●Consult with a tax professional to determine the tax implications of an
investment in and payments received under this Contract.
●If you purchase the Contract through a tax-qualified plan or individual
retirement account, you do not get any additional tax benefit.
●You will generally not be taxed on increases in the value of the Contract
until they are withdrawn. Withdrawals will be subject to ordinary income
tax, and may be subject to tax penalties if you take a withdrawal before
age 59½.
Federal Tax
Considerations
Conflicts of Interest
How Are
Investment
Professionals
Compensated?
Investment professionals may receive compensation for selling this Contract
in the form of commissions, additional cash benefits (e.g., bonuses), and
non-cash compensation. This conflict of interest may influence an
investment professional to recommend this Contract over another
investment for which the investment professional is not compensated or
compensated less.
Other
Information -
Distribution of
the Contracts
Should I
Exchange My
Contract?
If You already own an insurance contract, some investment professionals
may have a financial incentive to offer You a new contract in place of the
one You own. You should only exchange a contract you already own if You
determine, after comparing the features, fees, and risks of both contracts,
and any fees or penalties to terminate the existing contract, that it is better
for You to purchase the new contract rather than continue to own Your
existing contract.
Federal Tax
Considerations
8
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/BHF121. 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 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 to maximize total
return, consistent with
income generation and
prudent investment
management.
BlackRock High Yield Portfolio -
Class A#
Brighthouse Investment Advisers, LLC
Subadviser: BlackRock Financial
Management, Inc.
0.63%
9.15%
4.94%
6.62%
Seeks growth of capital.
Brighthouse Asset Allocation 100
Portfolio - Class B‡
Brighthouse Investment Advisers, LLC
0.96%
17.06%
8.63%
10.70%
Seeks long-term capital
appreciation.
Brighthouse Small Cap Value Portfolio -
Class B#
Brighthouse Investment Advisers, LLC
Subadviser: Allspring Global
Investments, LLC
1.03%
-3.21%
6.43%
8.07%
Seeks long-term capital
appreciation.
Brighthouse/Wellington Large Cap
Research Portfolio - Class E#
Brighthouse Investment Advisers, LLC
Subadviser: Wellington Management
Company LLP
0.69%
15.74%
12.14%
13.45%
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 long-term capital
appreciation.
Harris Oakmark International Portfolio -
Class A#
Brighthouse Investment Advisers, LLC
Subadviser: Harris Associates L.P.
0.72%
33.17%
6.72%
7.01%
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%
Seeks capital appreciation.
Invesco Global Equity Portfolio -
Class A#
Brighthouse Investment Advisers, LLC
Subadviser: Invesco Advisers, Inc.
0.58%
15.88%
7.56%
11.28%
A-1
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 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 long-term capital
growth.
JPMorgan Small Cap Value Portfolio -
Class A#
Brighthouse Investment Advisers, LLC
Subadviser: J.P. Morgan Investment
Management Inc.
0.79%
12.48%
9.93%
9.09%
Seeks high total investment
return through a
combination of capital
appreciation and income.
Loomis Sayles Global Allocation
Portfolio - Class A#
Brighthouse Investment Advisers, LLC
Subadviser: Loomis, Sayles & Company,
L.P.
0.79%
12.94%
6.52%
9.50%
Seeks long-term growth of
capital.
Loomis Sayles Growth Portfolio -
Class A#
Brighthouse Investment Advisers, LLC
Subadviser: Loomis, Sayles & Company,
L.P.
0.55%
15.21%
15.06%
14.19%
Seeks maximum real return,
consistent with preservation
of capital and prudent
investment management.
PIMCO Inflation Protected Bond
Portfolio - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Pacific Investment
Management Company LLC
1.13%
7.93%
1.40%
3.35%
Seeks maximum total
return, consistent with the
preservation of capital and
prudent investment
management.
PIMCO Total Return Portfolio - Class B#
Brighthouse Investment Advisers, LLC
Subadviser: Pacific Investment
Management Company LLC
0.83%
8.90%
-0.07%
2.30%
Seeks long-term capital
appreciation by investing in
common stocks believed to
be undervalued. Income is
a secondary objective.
T. Rowe Price Large Cap Value Portfolio
- Class B#
Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates,
Inc.
0.78%
12.05%
10.28%
10.09%
Seeks long-term capital
appreciation by investing in
common stocks believed to
be undervalued. Income is
a secondary objective.
T. Rowe Price Large Cap Value Portfolio
- Class E††
Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates,
Inc.
0.68%
12.16%
10.39%
10.20%
Seeks a competitive total
return primarily from
investing in fixed-income
securities.
BlackRock Bond Income Portfolio -
Class A#
Brighthouse Investment Advisers, LLC
Subadviser: BlackRock Advisors, LLC
0.38%
7.95%
-0.17%
2.38%
Seeks long-term growth of
capital.
BlackRock Capital Appreciation Portfolio
- Class A#
Brighthouse Investment Advisers, LLC
Subadviser: BlackRock Advisors, LLC
0.56%
13.19%
11.07%
15.80%
Seeks a high level of current
income consistent with
prudent investment risk and
preservation of capital.
BlackRock Ultra-Short Term Bond
Portfolio - Class A#
Brighthouse Investment Advisers, LLC
Subadviser: BlackRock Advisors, LLC
0.37%
4.15%
3.09%
2.10%
A-2
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 a high level of current
income, with growth of
capital as a secondary
objective.
Brighthouse Asset Allocation 20 Portfolio
- Class B#‡
Brighthouse Investment Advisers, LLC
0.93%
9.25%
2.06%
3.97%
Seeks high total return in
the form of income and
growth of capital, with a
greater emphasis on
income.
Brighthouse Asset Allocation 40 Portfolio
- Class B‡
Brighthouse Investment Advisers, LLC
0.91%
11.50%
3.84%
5.69%
Seeks a balance between a
high level of current
income and growth of
capital, with a greater
emphasis on growth of
capital.
Brighthouse Asset Allocation 60 Portfolio
- Class B‡
Brighthouse Investment Advisers, LLC
0.91%
13.77%
5.55%
7.47%
Seeks growth of capital.
Brighthouse Asset Allocation 80 Portfolio
- Class B‡
Brighthouse Investment Advisers, LLC
0.93%
15.63%
7.18%
9.22%
Seeks long-term capital
appreciation with some
current income.
Brighthouse/Wellington Balanced
Portfolio - Class A
Brighthouse Investment Advisers, LLC
Subadviser: Wellington Management
Company LLP
0.52%
12.67%
7.45%
9.41%
Seeks to provide a growing
stream of income over time
and, secondarily, long-term
capital appreciation and
current income.
Brighthouse/Wellington Core Equity
Opportunities Portfolio - Class A#
Brighthouse Investment Advisers, LLC
Subadviser: Wellington Management
Company LLP
0.62%
7.83%
8.29%
10.73%
Seeks maximum capital
appreciation.
Frontier Mid Cap Growth Portfolio -
Class D#
Brighthouse Investment Advisers, LLC
Subadviser: Frontier Capital Management
Company, LLC
0.79%
5.08%
3.68%
10.04%
Seeks long-term growth of
capital.
Jennison Growth Portfolio - Class A#
Brighthouse Investment Advisers, LLC
Subadviser: Jennison Associates LLC
0.54%
14.04%
10.28%
16.71%
Seeks to track the
performance of the
Bloomberg U.S. Aggregate
Bond Index.
MetLife Aggregate Bond Index Portfolio
- Class A#
Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment
Management, LLC
0.26%
7.04%
-0.64%
1.75%
Seeks to track the
performance of the MSCI
EAFE® Index.
MetLife MSCI EAFE® Index Portfolio -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment
Management, LLC
0.37%
31.02%
8.62%
8.04%
Seeks to track the
performance of the Russell
2000® Index.
MetLife Russell 2000® Index Portfolio -
Class A
Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment
Management, LLC
0.30%
12.66%
5.99%
9.55%
A-3
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 track the
performance of the
Standard & Poor's 500®
Composite Stock Price
Index.
MetLife Stock Index Portfolio - Class A#
Brighthouse Investment Advisers, LLC
Subadviser: MetLife Investment
Management, LLC
0.27%
17.59%
14.13%
14.53%
Seeks a favorable total
return through investment
in a diversified portfolio.
MFS® Total Return Portfolio - Class F#
Brighthouse Investment Advisers, LLC
Subadviser: Massachusetts Financial
Services Company
0.82%
10.89%
6.20%
7.44%
Seeks capital appreciation.
MFS® Value Portfolio - Class A#
Brighthouse Investment Advisers, LLC
Subadviser: Massachusetts Financial
Services Company
0.58%
13.29%
10.11%
10.27%
Seeks high total return,
consisting principally of
capital appreciation.
Neuberger Berman Genesis Portfolio -
Class A#
Brighthouse Investment Advisers, LLC
Subadviser: Neuberger Berman
Investment Advisers LLC
0.81%
-4.57%
2.86%
9.12%
Seeks long-term growth of
capital.
T. Rowe Price Large Cap Growth
Portfolio - Class B#†
Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates,
Inc.
0.81%
15.45%
9.37%
14.10%
Seeks long-term capital
growth.
T. Rowe Price Small Cap Growth
Portfolio - Class B
Brighthouse Investment Advisers, LLC
Subadviser: T. Rowe Price Associates,
Inc.
0.76%
10.00%
5.48%
10.60%
Seeks to maximize total
return consistent with
preservation of capital.
Western Asset Management Strategic
Bond Opportunities Portfolio - Class A#
Brighthouse Investment Advisers, LLC
Subadviser: Western Asset Management
Company LLC
0.57%
9.07%
1.42%
4.03%
Seeks to maximize total
return consistent with
preservation of capital and
maintenance of liquidity.
Western Asset Management
U.S. Government Portfolio - Class A#
Brighthouse Investment Advisers, LLC
Subadviser: Western Asset Management
Company LLC
0.50%
7.07%
0.59%
1.82%
Seeks long-term capital
appreciation.
Contrafund® Portfolio - Service Class 2
Fidelity Management & Research
Company LLC
Subadviser: FMR UK, FMR HK, and FMR
Japan
0.79%
21.24%
15.08%
15.49%
Seeks reasonable income.
The fund will also consider
the potential for capital
appreciation. The fund's
goal is to achieve a yield
which exceeds the
composite yield on the
securities comprising the
S&P 500® Index.
Equity-Income Portfolio - Initial Class
Fidelity Management & Research
Company LLC
Subadviser: FMR UK, FMR HK, and FMR
Japan
0.46%
19.02%
12.51%
11.60%
A-4
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 long-term growth of
capital.
Mid Cap Portfolio - Service Class 2
Fidelity Management & Research
Company LLC
Subadviser: FMR UK, FMR HK, and FMR
Japan
0.80%
11.49%
9.83%
10.31%
Seeks long-term capital
growth.
Franklin Small-Mid Cap Growth VIP
Fund - Class 2†
Franklin Advisers, Inc.
1.09%
2.52%
1.03%
9.89%
Seeks long-term capital
appreciation.
Templeton Emerging Markets VIP Fund
- Class 2^^
Templeton Asset Management Ltd.
Subadviser: Franklin Templeton
Investment Management Limited
1.37%
46.27%
5.46%
10.40%
Seeks long-term capital
growth.
Templeton Foreign VIP Fund - Class 2#
Templeton Investment Counsel, LLC
1.08%
29.19%
8.25%
5.75%
Seeks long-term growth of
capital.
Janus Henderson Overseas Portfolio -
Service Shares
Janus Henderson Investors US LLC
0.96%
28.58%
9.17%
8.97%
Seeks capital appreciation.
ClearBridge Variable Growth Portfolio -
Class I
Legg Mason Partners Fund Advisor, LLC
Subadviser: ClearBridge Investments,
LLC
0.87%
13.32%
5.24%
7.47%
Seeks long-term growth of
capital.
ClearBridge Variable Small Cap Growth
Portfolio - Class I
Legg Mason Partners Fund Advisor, LLC
Subadviser: ClearBridge Investments,
LLC
0.81%
9.23%
-0.17%
9.38%
Seeks long-term capital
appreciation.
LVIP ClearBridge Appreciation Fund -
Class I#
Legg Mason Partners Fund Advisor, LLC
Subadviser: ClearBridge Investments,
LLC
0.70%
14.50%
12.72%
13.34%
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%
#
Certain Underlying Funds and their investment advisers have entered into temporary expense reimbursements and/or fee waivers, which are reflected in the Current Expenses. Please see the Underlying Funds' prospectuses for additional information regarding these arrangements.
‡
This Underlying Fund is a fund of funds and invests substantially all of its assets in other underlying funds. Because the Underlying Fund invests in other funds, it will bear its pro rata portion of the operating expenses of those underlying funds, including the management fee.
†
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.
^^
Until May 1, 2026, the name of this Underlying Fund is Templeton Developing Markets VIP Fund.
A-5
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 DCA Program or Special DCA 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%
A-6
 
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The prospectus, as supplemented and statement of additional information ("SAI") dated May 1, 2010 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/BHF121.
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).
EDGAR Contract Identifier No. is C000068746
Brighthouse Separate Account Eleven for Variable Annuities published this content on April 17, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 17, 2026 at 16:41 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]