Notice Document by Insurance Company (Form N-VP)

TABLE OF CONTENTS 

	PAGE
Glossary	3
Updated Information You Should Consider About the Policy	3
IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE POLICY	5
Appendix A: Eligible Funds Available Under The Policy	A-1

Glossary

Cash Value. A Policy's Cash Value includes the amount of its cash value held in the Variable Account, the amount held in the Fixed Account and, if there is an outstanding Policy loan, the amount of its cash value held in our general account as a result of the loan.

Eligible Funds.  The mutual fund portfolios in which you may invest through your allocations to the corresponding Sub-Accounts of the Variable Account.

Fixed Account. The Fixed Account is a part of our general account to which you may allocate net premiums. It provides guarantees of principal and interest.

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

Monthly Deduction.  The amount deducted from the Policy's Cash Value on the first day of each Policy month, consisting of a Policy fee, a cost of insurance charge, a mortality and expense risk charge and charges for any optional rider benefits.

Net Cash Value. The amount you receive if you surrender the Policy. It is equal to the Policy's Cash Value reduced by any applicable surrender charge and by any outstanding Policy loan and accrued interest on the loan.

Sub-Account.  A division of the Variable Account which corresponds to a mutual fund portfolio, or Eligible Fund, to which you may allocate premiums and Cash Value.

Updated Information You Should Consider About the Policy

The information in this section of the Disclosure Notice is a summary of certain Policy features that have changed since the Disclosure Notice dated April 28, 2025. This may not reflect all of the changes that have occurred since you purchased your Policy.

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 NELICO will remain an indirect wholly-owned subsidiary of BHF. Although Aquarian will replace BHF as NELICO's ultimate parent, NELICO will continue in its present role as the issuer of your contract. All of your rights and benefits under your contract and NELICO'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 Eligible Funds

Certain Eligible Funds were subject to a name change. The chart below identifies the former name and the new name of each of these Eligible Funds.

Eligible Fund Name Changes  

Former Name	New Name
American Funds Insurance Series®	American Funds Insurance Series®
American Funds Global Small Capitalization Fund	American Funds SMALLCAP World Fund®*
Brighthouse Funds Trust I	Brighthouse Funds Trust I
SSGA Growth ETF Portfolio	State Street Moderately Aggressive ETF Portfolio
SSGA Growth and Income ETF Portfolio	State Street Moderate ETF Portfolio

*The effective date of this name change is May 1, 2026.

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

American Funds Growth Fund

American Funds Growth-Income Fund

American Funds SMALLCAP World Fund®

American Funds The Bond Fund of America

Baillie Gifford International Stock Portfolio

CBRE Global Real Estate Portfolio

Harris Oakmark International Portfolio

Invesco Global Equity Portfolio

Invesco Small Cap Growth Portfolio

Loomis Sayles Small Cap Core Portfolio

Loomis Sayles Small Cap Growth Portfolio

MetLife MSCI EAFE® Index Portfolio

MetLife Russell 2000® Index Portfolio

MFS® Research International Portfolio

Neuberger Berman Genesis Portfolio

T. Rowe Price Small Cap Growth Portfolio

Western Asset Management Strategic Bond Opportunities Portfolio

IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE POLICY 

	FEES, EXPENSES, AND ADJUSTMENTS			Location in Prospectus
Charges for Early Withdrawals	During the first 15 Policy years, if you surrender your Policy, reduce its face amount or make a partial surrender that reduces its face amount, or if the Policy lapses, then we will deduct a surrender charge from the Policy's Cash Value.  The maximum surrender charge is imposed in the first Policy year and is equal to 90% of the premiums paid in that year. For example, if you paid a $100,000 premium and surrendered the Policy in the first Policy year, you could pay a surrender charge of $90,000.			Charges - Surrender Charges
Transaction Charges	In addition to surrender charges, we impose a sales charge and a premium tax charge on premiums paid into the Policy. We may impose a transfer charge on your transfer of Cash Value between the Sub-Accounts and to or from the Fixed Account, but currently do not impose this charge.			Charges - Sales Charge; Premium Tax Charge; Transfer Charge   Fee Tables
Ongoing Fees and Expenses (annual charges)	In addition to surrender and transaction charges, an investment in the Policy is subject to certain ongoing fees and expenses, including a cost of insurance charge, a Policy fee, a mortality and expense risk charge, a loan interest spread, and charges for various riders offered along with the Policy. Certain of those ongoing charges vary in amount depending on the insureds' ages, risk class, and (except for unisex Policies) sex. You should view the Policy specifications page of your Policy for the specific charges applicable to your Policy.     You also bear the expenses associated with the Eligible Funds under the Policy, as shown in the following table:			Charges - Policy Fee; Monthly Charges for the Cost of Insurance; Mortality and Expense Risk Charge; Loan Interest Spread; Charges for Additional Rider Benefits; Eligible Fund Expenses   Fee Tables   Appendix A: Eligible Funds Available Under the Policy (located in this Disclosure Notice)
	Annual Fee	Minimum	Maximum
	Investment options (Eligible Fund fees and expenses)*	0.27%	1.13%
	*As a percentage of Eligible Fund assets before temporary expense reimbursements and/or fee waivers.
	RISKS
Risk of Loss	You can lose money by investing in the Policy.			Summary of Benefits and Risks - Risks of the Policy
Not a Short-Term Investment	The Policy is not a short-term investment and is not appropriate for an investor who needs ready access to cash. If you make a premature withdrawal of cash from your Policy, you may incur a loss due to poor investment performance or possible Federal income tax on gains distributed or deemed to be distributed from the Policy. Amounts withdrawn from the Policy may result in taxes and tax penalties.			Summary of Benefits and Risks - Risks of the Policy

Appendix A: Eligible Funds Available Under The Policy

The following is a list of Eligible Funds available under the Policy. More information about the Eligible Funds is available in the prospectuses for the Eligible Funds, which may be amended from time to time and can be found online at https://dfinview.com/BHF/PUFT/BHF245. You can also request this information at no cost by calling our TeleService Center at (800) 943-4377 or by sending an email request to [email protected]. The current expenses and performance information below reflects fees and expenses of the Eligible Fund, but do not reflect the other fees and expenses that your Policy may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Eligible 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 growth of capital.	American Funds Growth Fund - Class 2 Capital Research and Management CompanySM	0.58%	20.24%	13.37%	17.97%
Seeks long-term growth of capital and income.	American Funds Growth-Income Fund - Class 2 Capital Research and Management CompanySM	0.53%	18.06%	13.90%	13.92%
Seeks long-term growth of capital.	American Funds SMALLCAP World Fund® - Class 21# Capital Research and Management CompanySM	0.90%	14.64%	0.49%	7.23%
Seeks as high a level of current income as is consistent with the preservation of capital.	American Funds The Bond Fund of America - Class 2# Capital Research and Management CompanySM	0.47%	7.26%	-0.14%	2.36%
Seeks growth of capital.	Brighthouse Asset Allocation 100 Portfolio - Class A‡ Brighthouse Investment Advisers, LLC	0.71%	17.41%	8.91%	10.97%
Seeks long-term capital appreciation.	Brighthouse/Wellington Large Cap Research Portfolio - Class A# Brighthouse Investment Advisers, LLC Subadviser: Wellington Management Company LLP	0.54%	15.91%	12.30%	13.62%
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 appreciation.	Invesco Global Equity Portfolio - Class A# Brighthouse Investment Advisers, LLC Subadviser: Invesco Advisers, Inc.	0.58%	15.88%	7.56%	11.28%

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 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 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%

The prospectus, as supplemented, and statement of additional information ("SAI") dated April 28, 2008 include additional information. The prospectus, as supplemented, and SAI are available, without charge, upon request. For a free copy, call us at (800) 943-4377 or send an email request to [email protected]. You can also access other information about the Policy online at https://dfinview.com/BHF/PUFT/BHF245.

Reports and other information about the Variable 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).