April 27,
2026
Updating Summary Prospectus for Investors in Preference Premier® Variable Annuity Contracts (offered after October 7, 2011)
Issued by Metropolitan Life Separate Account E of Metropolitan Life Insurance Company
B Class, B Plus Class, C Class, L Class, R Class
Issued by Metropolitan Life Separate Account E of Metropolitan Life Insurance Company
B Class, B Plus Class, C Class, L Class, R Class
This Updating Summary Prospectus includes updating information about individual Preference
Premier® Contracts for deferred
variable annuities (the “Deferred Annuities” or the “Contracts”)
issued by Metropolitan Life Insurance Company ("MetLife," the “Company,” “we,” “us” or “our).
The Prospectus for the
Contracts contains more information about the Contracts, including features, benefits, and risks. You can find the current Prospectus and other information about the Contracts online at
https://dfinview.com/metlife/PUFT/MET000257. You can also obtain this information at no cost by calling your Administrative Office at (800) 638-7732, or by sending an email request to RCG@metlife.com. As noted in Appendix A below, if your annuity was issued in connection with an employer plan, not all
Portfolios are available under all Contracts and You should ask your employer for a list of available Portfolios.
Additional information about certain investment products, including variable annuity contracts, has been prepared by the Securities and Exchange Commission’s staff and is available at Investor.gov.
Interests in the Separate Account, the Portfolios and the Fixed Interest Account are not deposits or obligations of, or insured or guaranteed by, the U.S. Government, any bank or other depository institution including the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board or any other agency or entity or person. MetLife’s obligations under the Contract are subject to its financial strength and claims-paying ability.
The Securities and Exchange Commission (“SEC”)has not approved or disapproved the
Contract or determined that this Prospectus is adequate or complete. Any representation to the contrary is a criminal offense.
UPDATED INFORMATION ABOUT YOUR
CONTRACT
The
information in this Updating Summary Prospectus is a summary of certain Contract features
that have changed since You last received the Prospectus dated April 28, 2025. This may not reflect all of the changes that have
occurred since You entered into your
Contract:
●
For changes in the names of certain Portfolios and any other changes to the
Portfolios please refer to Appendix A.
●
For updated Portfolio expense information please refer to "Important Information
You Should Consider About the Contract" and
Appendix A.
●
For updated Portfolio performance information please refer to Appendix
A.
●
The Fixed Interest Account is now available to Contracts with GMIB Max and EDB Max
Optional Benefits, subject to state approval (if the Fixed Interest Account is otherwise available under the Contract).
IMPORTANT
INFORMATION YOU SHOULD CONSIDER ABOUT THE
CONTRACT
| |
FEES, EXPENSES AND ADJUSTMENTS |
LOCATION IN
PROSPECTUS | ||
| Are there Charges or
Adjustments for Early
Withdrawals? |
Yes. A Withdrawal Charge of up to 8% may be assessed if You make a withdrawal and the amount of the withdrawal is determined to include a withdrawal of any purchase payment paid less than 9 complete years before the date of withdrawal. For example, if You purchase a B Plus Class Contract for $100,000 and surrender your Contract during the first year, You will pay a Withdrawal Charge of up to $8,000. |
Charges – Withdrawal
Charges | ||
| Are there Transaction
Charges? |
Yes. In addition to Withdrawal Charges You also may be charged for other transactions such as transferring Account Value among Divisions and between the Divisions and the Fixed Interest Account.
Although we do not currently charge a fee for transfers of Account
Value among Divisions or between the Divisions and the Fixed
Interest Account, we reserve the right to impose a transfer fee of
$25. |
Charges – Transfer Fee | ||
3
| |
FEES, EXPENSES AND ADJUSTMENTS |
LOCATION IN
PROSPECTUS | ||
| Are there Ongoing Fees
and Expenses
(annual charges)? |
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. |
Fees | ||
| Annual Fee |
Minimum |
Maximum | ||
| Base Contract (varies by Contract
class) |
1.18%(1) |
1.83%(1) | ||
| Portfolio fees and expenses |
0.52%(2) |
1.38%(2) | ||
| Optional benefits available for an
additional charge (for a single
optional benefit, if elected) |
0.20%(3) |
2.00%(4) | ||
| (1)
Account. The Base Contract Fee includes 0.03% for the Annual
Contract Fee. The Annual Contract Fee is $30 annually.
This fee is waived if the Account Value is $50,000 or
more. Regardless of the amount of your Account Value,
the entire fee will be deducted if You take a total
withdrawal of your Account Value. During the pay-out
phase (annuitization phase), we reserve the right to
deduct this fee. (2)
(3)
Separate Account. (4)
Lifetime Withdrawal Benefit (as defined later in this
Prospectus). | ||||
| Because your Contract is customizable, the choices You make affect
how much You will pay. To help 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: |
Highest Annual Cost: |
| |
| $1,576 |
$4,144 | |||
| Assumes:
●Investment of $100,000 ●5% annual appreciation
●Least expensive combination of Contract classes and Portfolio
fees and expenses
●No optional benefits ●No sales charges
●No additional purchase payments, transfers or withdrawals |
Assumes:
●Investment of $100,000 ●5% annual appreciation
●Most expensive combination of Contract classes, optional benefits and Portfolio fees and expenses ●No sales charges
●No additional purchase payments, transfers or withdrawals | |||
| |
RISKS |
LOCATION IN
PROSPECTUS | ||
| Is there a Risk of Loss
from Poor
Performance? |
Yes. You can lose money by investing in the Contract, including loss of principal. |
Principal Risks of Investing in the Contract | ||
4
| |
RISKS |
LOCATION IN
PROSPECTUS | ||
| 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. ●Withdrawal Charges may apply for up to 9 complete years following each purchase payment. Withdrawal Charges will reduce the value of your Contract if You withdraw money during that time. ●The benefits of tax deferral and living benefit protections
also mean that the Contract is more beneficial to investors with a long
time horizon.
●Earnings on your Contract are taxed at ordinary income tax rates when You withdraw them, and You may have to pay a penalty if You take a withdrawal before age 59 1∕2. |
Principal Risks of
Investing in the Contract | ||
| What are the Risks
Associated with the
Investment Options? |
●An investment in the 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 (e.g., Portfolios).
●Each investment option (including the Fixed Interest Account investment option) will have its own unique risks. ●You should review these investment options before making an investment decision. ●Subject to certain limitations, if your Account Value falls
below the minimum Account Balance or is not sufficient to
pay the Contract charges, we may terminate your
Contract. |
Principal Risks of
Investing in the Contract | ||
| What are the Risks
Related to the
Insurance Company? |
An investment in the Contract is subject to the risks related to the
Company. Any obligations (including under the Fixed Interest
Account), guarantees, or benefits, including any death
benefit, are subject to the claims-paying ability of the
Company, and our long term ability to make such payments,
and are not guaranteed by any other party. MetLife is regulated as an insurance company under
state law, which generally includes limits on the amount and type of
investments in its general account. However, there is no
guarantee that we will be able to meet our claims paying
obligations; there are risks to purchasing any insurance
product. More information about the Company, including
its financial strength ratings, is available upon request
by visiting https://www.metlife.com/about-us/ corporate-profile/ratings. |
Principal Risks of Investing in the Contract | ||
5
| |
RESTRICTIONS |
LOCATION IN
PROSPECTUS | ||
| Are there Restrictions
on the Investment
Options? |
Yes. We reserve the right to limit the number of transfers per Contract Year to a maximum of twelve (excluding transfers resulting
from automated investment strategies). Currently we do not limit
the number of transfers You may make in a Contract Year.
We are not currently charging a transfer fee, but we
reserve the right to charge such a fee in the future. If
such a fee were to be imposed, it would be $25.00 for
each transfer over twelve in a Contract Year. Many
optional benefits impose restrictions and limitations on your choice of Portfolios. We may change these restrictions in the future.
These restrictions and requirements are intended to protect the
Company and reduce the likelihood that we will have to
pay guaranteed benefits under the optional benefits out
of our own assets. The restrictions and requirements
could result in You missing out on some or all positive
investment performance by certain Portfolios. This means
your opportunity for investment gains may be
limited.
We reserve the right to add, remove or substitute
Portfolios. The Company also has policies and procedures
that attempt to detect and deter frequent transfers in
situations where we determine there is a potential for
arbitrage trading, and in those instances, there are
additional limits that apply to transfers. For the pay-out
phase once funds are transferred to the Fixed Account,
the funds cannot be transferred back to the Separate
Account. |
Charges – Transfer Fee | ||
| Are there any
Restrictions on
Contract Benefits? |
Yes. Many optional benefits limit or restrict the Portfolios You may select under the Contract. We may change these restrictions in the future. You are required to have a certain Account Value for some optional
benefits. If withdrawals reduce your Contract below this value, your
optional benefits may be reduced or terminated.
Subsequent purchase payments are currently restricted for certain
optional benefits.
Withdrawals that exceed limits specified by the terms of an optional
benefit may affect the availability of the benefit by
reducing the benefit by an amount greater than the value
withdrawn, and/or could terminate the
benefit. |
Benefits Available Under
the Contract | ||
| |
TAXES |
LOCATION IN
PROSPECTUS | ||
| What are the Contract's
Tax Implications? |
●You should consult with a tax professional to determine the tax
implications of an investment in and purchase payments
received under the Contract.
●There is no additional tax benefit if You purchase the Contract through a tax-qualified plan or individual retirement account (IRA). ●If your Contract was purchased through a tax-qualified plan
or IRA, withdrawals will be subject to ordinary income
tax. If your Contract is not tax-qualified, earnings on
your Contract will be
subject to ordinary income tax rates when You withdraw them. You
may also have to pay a penalty if You take a withdrawal before age
59 1∕2. |
Federal Tax
Considerations | ||
6
| |
CONFLICTS OF INTEREST |
LOCATION IN
PROSPECTUS | ||
| How are Investment
Professionals
Compensated? |
Your investment professional may receive compensation for selling
this Contract to You, both in the form of commissions and because
MetLife may share the revenue it earns on this Contract with the professional’s firm. This conflict of interest may influence your
investment professional to recommend this Contract over another
investment. |
Who Sells the Contracts | ||
| Should I Exchange My
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 your Contract 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. |
Exchanges/Transfers | ||
7
IMPORTANT TERMS YOU SHOULD KNOW
Account Value, Account Balance or Contract Value
When You purchase a Contract, an
account is set up for You. Your Account Value (also referred to as Account Balance or Contract Value) is the total amount of money in Your Contract including money in the Divisions of the Separate Account,
the Fixed Interest Account and the Enhanced Dollar Cost Averaging Program.
With a Contract, money paid-in or transferred into a Division of the Separate Account
is credited to You in the form of Accumulation Units for each Division. We determine the value of these Accumulation Units as of the close of the New York Stock Exchange (the
“Exchange”) each day the Exchange is open for regular trading. The Exchange usually closes at 4 p.m. Eastern Time but may close earlier or later. The values
increase or decrease based on the investment performance of the corresponding underlying Portfolios. In addition to the investment performance of the Portfolio, the
deduction of the Separate Account charge also affects a Division’s Accumulation Unit Value.
Our
Administrative Office varies based on the type of service request or transaction that You
are making. The most recent correspondence or quarterly statement sent to You will have the address and telephone number that You can use to contact us for specific transactions and requests. We will notify You if there are changes to this information.
The natural person whose life is the measure for determining the duration and the dollar amount of income payments.
An accounting unit of measure used to calculate the amount of Annuity
Payments.
With a variable Pay-Out Option, the money paid-in or reallocated into a Division of the Separate
Account is held in the form of Annuity Units. Annuity Units are
established for each Division. We determine the value of these Annuity Unitsas of the close of the Exchange each day the Exchange is open for regular trading. The Exchange usually closes at 4 p.m. Eastern Time but may close earlier or later. The values increase or decrease based on the investment performance of the corresponding underlying Portfolios, the experience factor for the current valuation period, the daily AIR and the Separate Account charge.
Under an income annuity or variable Pay-Out Option, the AIR is the assumed percentage rate of return used to determine the amount of the first variable income payment. The AIR is also the benchmark that is used to calculate the investment performance of a given Division to determine all subsequent payments to You.
The person or persons who receives a benefit, including continuing payments or a lump sum payment, in the event the Contract Owner or the Annuitant, as applicable, dies.
A Contract is the legal agreement between You and MetLife. This document contains relevant provisions of your Deferred Annuity.
An anniversary of the date we issue the Contract.
8
The person(s) or entity entitled to ownership rights under this Contract. If Joint Owners are named, all references to Contract Owner shall mean Joint Owners.
Generally, the Contract Year for a Deferred Annuity is the period ending on the
last day of the month in which the anniversary of when we issued the annuity occurs and each following 12-month period.
This term is used throughout this Prospectus when we are referring to the
Preference Premier® Contracts Deferred
Annuities.
Divisions are subdivisions of
the Separate Account. When You allocate a purchase payment, transfer money or make reallocations of your Account Balance to a Division, the Division purchases shares of a Portfolio (with the same name).
A request or transaction generally is considered in “Good Order” if it complies with our administrative procedures and the required information is complete and correct. A request or transaction may be rejected or delayed if not in Good Order. Good Order generally means the actual receipt by us of the instructions relating to the requested transaction
in writing (or, when permitted, by telephone, facsimile (also referred to as “fax”), email or internet) along with all forms, information and supporting legal documentation necessary to effect the transaction. This information and documentation generally includes to the extent applicable to the transaction: your completed application; your Contract number; the transaction amount (in dollars or percentage terms); the names and allocations to and/or
from the Division affected by the requested transaction; the signatures of all Contract Owners (exactly as indicated on the Contract), if necessary; Social Security Number or Tax I.D.; and any other information or supporting
documentation that we may require, including any spousal or Joint Owner’s consents. With respect to purchase payments, Good Order also generally includes receipt by us of sufficient funds to effect the purchase. We may, in our sole discretion, determine whether any particular transaction request is in Good
Order, and we reserve the right to change or waive any Good Order requirement at any time. If You have any questions,
You should contact us or your registered representative before submitting the form or request.
MetLife is Metropolitan Life Insurance Company which is the company that issues the Contracts. Throughout this Prospectus, MetLife is also referred to as “we,” “us,” “our” or the “Company.”
These are options that You may elect when You convert your Contract into a
regular stream of income after your “pay-in” or “accumulation” phase. The pay-out phase is often referred to as either “annuitizing”
your Contract or taking an income annuity.
Metropolitan
Life Separate Account E (“Separate Account”) is an investment account. All assets contributed to Divisions under the Contracts are
pooled in the Separate Account and maintained for the benefit of investors in the Contracts.
An annuity with respect to which returns/income payments are based upon the performance of investments such as stocks and bonds held by one or more underlying Portfolios. You assume the investment risk for any amounts allocated to the Divisions in a Variable
Annuity.
The Withdrawal Charge is the amount we deduct from your Account Value, if
You withdraw money prematurely from the Contract. This charge is often referred to as a deferred sales load or back-end sales load.
9
In this Prospectus
“You” is the Contract Owner of the Contract and can be a natural person, a trust established for the exclusive benefit of a natural person, a charitable remainder trust or other trust arrangement (if approved by MetLife) or, subject to
our administrative procedures, a corporation or other legal entity we approve. The Contract
is generally not available to corporations or other legal entities to fund a qualified or non-qualified retirement plan. “You” can also be a
Beneficiary of a deceased person’s Individual Retirement Account Contract or non-qualified
Contract who purchases the Contract in his or her
capacity as Beneficiary. A Contract may have two
Owners (both of whom must be individuals).
10
APPENDIX A Investment Options Available Under The Contract
The following is a list of Portfolios available. More information about the Portfolios is available in the prospectuses for the Portfolios, which may be amended from time to time and can be found online at
https://dfinview.com/metlife/PUFT/MET000257. You can also request this information at no cost by calling (800) 638-7732, by sending an email request to RCG@metlife.com, or through your registered representative. Depending on the optional benefits You choose, You may not be
able to invest in certain Portfolio Companies as described below.
The current expenses and performance information below reflects fees and expenses of the Portfolios, but do not reflect the other fees and expenses that your Contract may include. Expenses would be higher and performance would be lower if these other charges were
included. Each Portfolio Company's past performance is not necessarily an indication of future performance.
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
PLATFORM
CHARGE |
CURRENT
EXPENSES
+
PLATFORM
CHARGE |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||||
| US Equity |
American Funds Growth-
Income Fund(1) - Class 2
Capital Research and
Management CompanySM |
0.53% |
0.25% |
0.78% |
18.06% |
13.90% |
13.92% |
| Global Equity |
American Funds SMALLCAP
World Fund®*(1)†† - Class
2 Capital Research and
Management CompanySM |
0.90% |
0.25% |
1.15% |
14.64% |
0.49% |
7.23% |
| Allocation |
American Funds® Aggressive
Allocation Portfolio - Class C
Brighthouse Investment
Advisers, LLC |
0.99% |
— |
0.99% |
19.90% |
9.30% |
10.88% |
| Allocation |
American Funds® Balanced
Allocation Portfolio - Class C
Brighthouse Investment
Advisers, LLC |
0.96% |
— |
0.96% |
17.02% |
7.26% |
8.99% |
| US Equity |
American Funds® Growth
Portfolio - Class C
Brighthouse Investment
Advisers, LLC; Capital
Research and Management
Company |
0.90% |
— |
0.90% |
19.88% |
13.02% |
17.60% |
| Allocation |
American Funds® Moderate
Allocation Portfolio - Class C
Brighthouse Investment
Advisers, LLC |
0.95% |
— |
0.95% |
14.46% |
5.71% |
7.30% |
| International
Equity |
Baillie Gifford International
Stock Portfolio* - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Baillie Gifford
Overseas Limited |
0.99% |
— |
0.99% |
18.96% |
0.70% |
7.34% |
A-1
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
PLATFORM
CHARGE |
CURRENT
EXPENSES
+
PLATFORM
CHARGE |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||||
| US Fixed
Income |
BlackRock Bond Income
Portfolio* - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: BlackRock
Advisors, LLC |
0.63% |
— |
0.63% |
7.68% |
-0.42% |
2.12% |
| US Equity |
BlackRock Capital
Appreciation Portfolio* -
Class B
Brighthouse Investment
Advisers, LLC
Subadviser: BlackRock
Advisors, LLC |
0.81% |
— |
0.81% |
12.91% |
10.79% |
15.51% |
| US Fixed
Income |
BlackRock Ultra-Short Term
Bond Portfolio*(2) - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: BlackRock
Advisors, LLC |
0.62% |
— |
0.62% |
3.89% |
2.83% |
1.85% |
| Allocation |
Brighthouse Asset Allocation
100 Portfolio - Class B
Brighthouse Investment
Advisers, LLC |
0.96% |
— |
0.96% |
17.06% |
8.63% |
10.70% |
| Allocation |
Brighthouse Asset Allocation
20 Portfolio* - Class B
Brighthouse Investment
Advisers, LLC |
0.93% |
— |
0.93% |
9.25% |
2.06% |
3.97% |
| Allocation |
Brighthouse Asset Allocation
40 Portfolio - Class B
Brighthouse Investment
Advisers, LLC |
0.91% |
— |
0.91% |
11.50% |
3.84% |
5.69% |
| Allocation |
Brighthouse Asset Allocation
60 Portfolio - Class B
Brighthouse Investment
Advisers, LLC |
0.91% |
— |
0.91% |
13.77% |
5.55% |
7.47% |
| Allocation |
Brighthouse Asset Allocation
80 Portfolio - Class B
Brighthouse Investment
Advisers, LLC |
0.93% |
— |
0.93% |
15.63% |
7.18% |
9.22% |
| US Equity |
Brighthouse/Artisan Mid Cap
Value Portfolio* - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Artisan
Partners Limited
Partnership |
1.03% |
— |
1.03% |
1.57% |
6.77% |
8.05% |
A-2
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
PLATFORM
CHARGE |
CURRENT
EXPENSES
+
PLATFORM
CHARGE |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||||
| International
Equity |
Brighthouse/Dimensional
International Small Company
Portfolio* - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Dimensional
Fund Advisors LP |
1.03% |
— |
1.03% |
35.85% |
8.30% |
8.14% |
| US Fixed
Income |
Brighthouse/Eaton Vance
Floating Rate Portfolio* -
Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Eaton Vance
Management |
0.95% |
— |
0.95% |
3.81% |
4.75% |
4.59% |
| US Fixed
Income |
Brighthouse/Franklin Low
Duration Total Return
Portfolio* - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Franklin
Advisers, Inc. |
0.75% |
— |
0.75% |
5.25% |
2.14% |
2.23% |
| Global Fixed
Income |
Brighthouse/Templeton
International Bond
Portfolio*# - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Franklin
Advisers, Inc. |
0.94% |
— |
0.94% |
16.35% |
-0.69% |
-0.64% |
| US Equity |
Brighthouse/Wellington Core
Equity Opportunities
Portfolio* - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Wellington
Management Company LLP |
0.87% |
— |
0.87% |
7.54% |
8.02% |
10.45% |
| US Equity |
Brighthouse/Wellington Large
Cap Research Portfolio* -
Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Wellington
Management Company LLP |
0.79% |
— |
0.79% |
15.62% |
12.01% |
13.33% |
A-3
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
PLATFORM
CHARGE |
CURRENT
EXPENSES
+
PLATFORM
CHARGE |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||||
| Sector |
CBRE Global Real Estate
Portfolio* - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: CBRE
Investment Management
Listed Real Assets LLC |
0.91% |
— |
0.91% |
6.75% |
4.03% |
3.95% |
| US Equity |
Frontier Mid Cap Growth
Portfolio* - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Frontier
Capital Management
Company, LLC |
0.94% |
— |
0.94% |
4.90% |
3.52% |
9.88% |
| International
Equity |
Harris Oakmark International
Portfolio* - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Harris
Associates L.P. |
0.97% |
— |
0.97% |
32.78% |
6.46% |
6.74% |
| Global Equity |
Invesco Global Equity
Portfolio* - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Invesco
Advisers, Inc. |
0.83% |
— |
0.83% |
15.60% |
7.30% |
11.00% |
| US Equity |
Invesco Small Cap Growth
Portfolio* - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Invesco
Advisers, Inc. |
0.99% |
— |
0.99% |
5.83% |
-0.91% |
9.00% |
| US Equity |
Jennison Growth Portfolio* -
Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Jennison
Associates LLC |
0.79% |
— |
0.79% |
13.72% |
10.01% |
16.41% |
| US Fixed
Income |
JPMorgan Core Bond
Portfolio* - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: J.P. Morgan
Investment Management
Inc. |
0.70% |
— |
0.70% |
6.95% |
-0.19% |
2.02% |
A-4
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
PLATFORM
CHARGE |
CURRENT
EXPENSES
+
PLATFORM
CHARGE |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||||
| US Equity |
JPMorgan Small Cap Value
Portfolio* - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: J.P. Morgan
Investment Management
Inc. |
1.04% |
— |
1.04% |
12.14% |
9.65% |
8.81% |
| Allocation |
Loomis Sayles Global
Allocation Portfolio* - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Loomis,
Sayles & Company, L.P. |
1.04% |
— |
1.04% |
12.59% |
6.25% |
9.22% |
| US Equity |
Loomis Sayles Growth
Portfolio* - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Loomis,
Sayles & Company, L.P. |
0.80% |
— |
0.80% |
14.90% |
14.77% |
13.91% |
| US Equity |
Loomis Sayles Small Cap Core
Portfolio* - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Loomis,
Sayles & Company, L.P. |
1.15% |
— |
1.15% |
5.02% |
7.17% |
9.15% |
| US Fixed
Income |
MetLife Aggregate Bond
Index Portfolio* - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: MetLife
Investment Management,
LLC |
0.51% |
— |
0.51% |
6.80% |
-0.88% |
1.51% |
| US Equity |
MetLife Mid Cap Stock Index
Portfolio - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: MetLife
Investment Management,
LLC |
0.55% |
— |
0.55% |
6.86% |
8.54% |
10.16% |
| International
Equity |
MetLife MSCI EAFE® Index
Portfolio - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: MetLife
Investment Management,
LLC |
0.62% |
— |
0.62% |
30.70% |
8.35% |
7.76% |
A-5
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
PLATFORM
CHARGE |
CURRENT
EXPENSES
+
PLATFORM
CHARGE |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||||
| Allocation |
MetLife Multi-Index Targeted
Risk Portfolio - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: MetLife
Investment Management,
LLC |
0.62% |
— |
0.62% |
9.08% |
2.93% |
5.31% |
| US Equity |
MetLife Russell 2000® Index
Portfolio - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: MetLife
Investment Management,
LLC |
0.55% |
— |
0.55% |
12.33% |
5.71% |
9.27% |
| US Equity |
MetLife Stock Index
Portfolio* - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: MetLife
Investment Management,
LLC |
0.52% |
— |
0.52% |
17.28% |
13.84% |
14.24% |
| International
Equity |
MFS® Research International
Portfolio* - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Massachusetts
Financial Services
Company |
0.81% |
— |
0.81% |
22.41% |
5.54% |
7.57% |
| Allocation |
MFS® Total Return Portfolio*
- Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Massachusetts
Financial Services
Company |
0.87% |
— |
0.87% |
10.83% |
6.15% |
7.38% |
| US Equity |
MFS® Value Portfolio* -
Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Massachusetts
Financial Services
Company |
0.83% |
— |
0.83% |
13.00% |
9.84% |
9.99% |
A-6
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
PLATFORM
CHARGE |
CURRENT
EXPENSES
+
PLATFORM
CHARGE |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||||
| US Equity |
Morgan Stanley Discovery
Portfolio* - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Morgan Stanley
Investment Management
Inc. |
0.90% |
— |
0.90% |
13.19% |
-5.83% |
14.00% |
| US Equity |
Neuberger Berman Genesis
Portfolio* - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Neuberger
Berman Investment
Advisers LLC |
1.06% |
— |
1.06% |
-4.74% |
2.62% |
8.86% |
| US Fixed
Income |
PIMCO Inflation Protected
Bond Portfolio - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Pacific
Investment Management
Company LLC |
1.38% |
— |
1.38% |
7.74% |
1.15% |
3.09% |
| US Fixed
Income |
PIMCO Total Return
Portfolio* - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Pacific
Investment Management
Company LLC |
0.83% |
— |
0.83% |
8.90% |
-0.07% |
2.30% |
| International
Equity |
State Street Emerging
Markets Enhanced Index
Portfolio - Class B (formerly
known as SSGA Emerging
Markets Enhanced Index
Portfolio## - Class B)
Brighthouse Investment
Advisers, LLC
Subadviser: SSGA Funds
Management, Inc. |
0.80% |
— |
0.80% |
34.14% |
6.04% |
— |
| Allocation |
State Street Moderate ETF
Portfolio - Class B (formerly
known as SSGA Growth and
Income ETF Portfolio -
Class B)
Brighthouse Investment
Advisers, LLC
Subadviser: SSGA Funds
Management, Inc. |
0.75% |
— |
0.75% |
16.78% |
7.19% |
7.85% |
A-7
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
PLATFORM
CHARGE |
CURRENT
EXPENSES
+
PLATFORM
CHARGE |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||||
| Allocation |
State Street Moderately
Aggressive ETF Portfolio -
Class B (formerly known as
SSGA Growth ETF Portfolio -
Class B)
Brighthouse Investment
Advisers, LLC
Subadviser: SSGA Funds
Management, Inc. |
0.78% |
— |
0.78% |
19.23% |
9.01% |
9.31% |
| US Equity |
T. Rowe Price Large Cap
Growth Portfolio* - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: T. Rowe Price
Associates, Inc. |
0.81% |
— |
0.81% |
15.45% |
9.37% |
14.10% |
| US Equity |
T. Rowe Price Mid Cap Growth
Portfolio* - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: T. Rowe Price
Associates, Inc. is the
subadviser
T. Rowe Price Investment
Management, Inc. is the
sub-subadviser |
0.95% |
— |
0.95% |
3.42% |
3.83% |
9.77% |
| US Equity |
T. Rowe Price Small Cap
Growth Portfolio - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: T. Rowe Price
Associates, Inc. |
0.76% |
— |
0.76% |
10.00% |
5.48% |
10.60% |
| Sector |
VanEck Global Natural
Resources Portfolio*# -
Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Van Eck
Associates Corporation |
1.02% |
— |
1.02% |
36.40% |
10.37% |
8.51% |
| US Equity |
Victory Sycamore Mid Cap
Value Portfolio* - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Victory Capital
Management, Inc. |
0.85% |
— |
0.85% |
2.29% |
9.62% |
9.58% |
A-8
| FUND
TYPE |
PORTFOLIO AND
ADVISER/SUBADVISER |
CURRENT
EXPENSES |
PLATFORM
CHARGE |
CURRENT
EXPENSES
+
PLATFORM
CHARGE |
AVERAGE ANNUAL
TOTAL RETURNS
(as of 12/31/2025) | ||
| 1
YEAR |
5
YEAR |
10
YEAR | |||||
| US Fixed
Income |
Western Asset Management
Government Income
Portfolio* - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Western Asset
Management Company,
LLC |
0.74% |
— |
0.74% |
7.21% |
-1.27% |
1.21% |
| US Fixed
Income |
Western Asset Management
Strategic Bond Opportunities
Portfolio* - Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Western Asset
Management Company,
LLC |
0.82% |
— |
0.82% |
8.88% |
1.17% |
3.77% |
| US Fixed
Income |
Western Asset Management
Strategic Bond Opportunities
Portfolio*§ - Class E
Brighthouse Investment
Advisers, LLC
Subadviser: Western Asset
Management Company,
LLC |
0.72% |
— |
0.72% |
8.95% |
1.27% |
3.88% |
| US Fixed
Income |
Western Asset Management
U.S. Government Portfolio* -
Class B
Brighthouse Investment
Advisers, LLC
Subadviser: Western Asset
Management Company,
LLC |
0.75% |
— |
0.75% |
6.81% |
0.35% |
1.57% |
*
The Portfolio is subject to an expense reimbursement or fee waiver arrangement. The
annual expenses shown reflect temporary fee reductions.
§
Closed to new investments except under dollar cost averaging and rebalancing programs
in existence at the time of closing.
(1)
The Portfolio has an additional platform fee of 0.25%. This amount is included in the
Mortality and Expense Risk Charge and is not a separate charge.
(2)
The BlackRock Ultra-Short Term Bond Portfolio is only available in Class C Contracts, and in
Contracts issued in New York State or Washington State with any living benefit or the EDB.
#
These Portfolios are only available for investment if you elected the GMIB Plus IV,
the EDB III, the GMIB Plus III and the EDB II.
##
Effective April 28, 2025, the SSGA Emerging Markets Enhanced Index Portfolio II
(formerly Brighthouse/abrdn Emerging Markets Equity Portfolio) of the Brighthouse Funds Trust I merged with and into the SSGA Emerging Markets Enhanced Index Portfolio of Brighthouse Funds Trust I. Values prior to April 28, 2025 reflect the performance of the SSGA Emerging Markets Enhanced Index Portfolio II.
††
Effective May 1, 2026, the American Funds Global Small Capitalization Fund changed
its name to American Funds
A-9
SMALLCAP World Fund®.
Investment Allocation Restrictions For Certain Optional Benefits
Investment Allocation Restrictions for GMIB Max, EDB Max, GWB v1 and GLWB
If You elected a GMIB Max and/or EDB Max or if You elected the GWB v1, You must
allocate all of your purchase payments and Account Value among these investment options. If you elected the GLWB, You must allocate at least 80% of your purchase payments and Account Value among these investment options. The investment options listed below (other than the MetLife Aggregate Bond Index Division and the Western Asset Management® Government Income Division) are intended in part to reduce the risk of investment losses that could require us to use our own assets to make payments in connection with the guarantees under the GMIB Max and/or EDB Max or GWB v1 or
GLWB optional benefits. In addition, other investment options that are available if these optional benefits are not selected may offer the potential for higher returns.
(a)
MetLife Multi-Index Targeted Risk
(b)
MetLife Aggregate Bond Index
(c)
Western Asset Management® Government Income
(d)
For the GMIB Max and EDB Max, the Fixed Interest Account, subject to state approval
(if otherwise available under your Contract (see “Fixed Option,” below))
If You elected the GLWB, You are permitted to allocate up to 20% of Your purchase
payments and Account Value among these Portfolios. These Portfolios are also available for investment if You did not elect the GLWB.
American Funds® Balanced Allocation Portfolio
American Funds® Moderate Allocation Portfolio
Brighthouse Asset Allocation 20 Portfolio
Brighthouse Asset Allocation 40 Portfolio
Brighthouse Asset Allocation 60 Portfolio
State Street Moderate ETF Portfolio
American Funds® Moderate Allocation Portfolio
Brighthouse Asset Allocation 20 Portfolio
Brighthouse Asset Allocation 40 Portfolio
Brighthouse Asset Allocation 60 Portfolio
State Street Moderate ETF Portfolio
Investment Allocation for the GMIB Plus IV, the EDB III, the GMIB Plus III and the EDB II
If You elected the GMIB Plus IV, the EDB III, the GMIB Plus III or the EDB II, You must comply with certain investment allocation restrictions. Specifically, You must allocate according to either Option (A) or Option (B) (the “Option (B) Investment Allocation Restrictions”) below. The MetLife Mutli-Index Targeted Risk and Fixed Interest Account investment options in Option (A) and Option (B) below are intended in part to reduce the risk of
investment losses that could require us to use our own assets to make payments in connection with the guarantees under the GMIB Plus IV, EDB III, the GMIB Plus III and the EDB II. In addition, other investment options that are available if these optional benefits are not selected may offer the potential for higher returns.
(A) You must allocate:
●
100% of your purchase payments or Account Value among the American Funds® Balanced Allocation Division, American Funds® Moderate Allocation Division, Brighthouse Asset Allocation 20 Division, Brighthouse Asset Allocation 40
Division, Brighthouse Asset Allocation 60 Division, MetLife Multi-Index Targeted Risk Division, State Street Moderate ETF Division, and/or the Fixed Interest Account (if
otherwise available under your Contract (see “Fixed Option,” below)) and the BlackRock Ultra-Short Term Bond Division (where available).
A-10
(You may also allocate purchase payments to the EDCA program, provided that your destination portfolios are one or more of the above listed Divisions; You may not allocate purchase payments to the Dollar Cost Averaging programs.);
OR
(B) You must allocate:
●
at least 30% of purchase payments or Account Value to Platform 1 investment choices and/or to the Fixed Interest
Account (if otherwise available under your Contract (see “Fixed Option,” below)) and the BlackRock Ultra-Short Term Bond Division (where available);
●
up to 70% of purchase payments or Account Value to Platform 2 investment choices;
●
up to 15% of purchase payments or Account Value to Platform 3 investment choices;
and
●
up to 15% of purchase payments or Account Value to Platform 4 investment choices.
Subsequent Purchase Payments. Subsequent purchase payments must be allocated in
accordance with the above limitations. When allocating according to Option (B) above, it is important to remember that the entire Account Value will be immediately reallocated according to any new allocation instructions that accompany a subsequent purchase payment if the new allocation instructions differ from those previously received on the Contract.
Allocating according to Option (B) does not permit You to specify different allocations for individual purchase payments. Due to the rebalancing and reallocation requirements of Option (B), the entire Account Value will be immediately allocated according to the most recently provided allocation instructions.
Example:
Your Account Value is $100,000 and You have allocated 70% to the American Funds® Growth Division and 30% to the PIMCO Total Return Division using Option (B). You make a subsequent purchase payment of $5,000 and provide
instructions to allocate that payment 100% to the BlackRock Bond Income Division. As a result, your entire Account Value of $105,000 will then be reallocated to the BlackRock Bond Income Division.
The investment choices in each platform are as
follows:
| Platform 1 |
BlackRock Bond Income |
PIMCO Inflation Protected
Bond |
| Brighthouse/Franklin Low Duration
Total Return |
PIMCO Total Return | |
| JPMorgan Core Bond |
Western Asset Management®
Government Income | |
| MetLife Aggregate Bond
Index |
Western Asset Management U.S. Government |
A-11
| Platform 2 |
American Funds® Growth |
Loomis Sayles Growth |
| American Funds
Growth-Income |
Loomis Sayles Global
Allocation | |
| Baillie Gifford
International Stock |
MetLife MSCI EAFE®
Index | |
| BlackRock Capital
Appreciation |
MetLife Multi-Index
Targeted Risk | |
| Brighthouse Asset
Allocation 100 |
MetLife Stock Index | |
| Brighthouse/Wellington
Core Equity Opportunities |
MFS® Research
International | |
| Brighthouse/Wellington
Large Cap Research |
MFS® Total Return
| |
| Harris Oakmark
International |
MFS® Value | |
| Invesco Global Equity |
T. Rowe Price Large Cap
Growth | |
| Jennison Growth |
Western Asset Management
Strategic Bond Opportunities | |
| Platform 3 |
Brighthouse/Artisan Mid
Cap Value |
MetLife Mid Cap Stock Index |
| Frontier Mid Cap Growth |
Morgan Stanley Discovery | |
| Victory Sycamore Mid Cap Value |
T. Rowe Price Mid Cap Growth |
A-12
| Platform 4 |
American Funds SMALLCAP
World Fund® |
JPMorgan Small Cap Value |
| State Street Emerging Markets
Enhanced Index Portfolio |
Loomis Sayles Small Cap
Core | |
| Brighthouse/Dimensional
International Small
Company |
MetLife Russell 2000®
Index | |
| Brighthouse/Eaton Vance
Floating Rate |
Neuberger Berman
Genesis | |
| Brighthouse/Templeton
International Bond |
T. Rowe Price Small Cap
Growth | |
| CBRE Global Real Estate |
VanEck Global Natural
Resources | |
| Invesco Small Cap Growth |
Optional Automated Investment Strategies, Optional Dollar Cost Averaging and
Optional Enhanced Dollar Cost Averaging Programs
The charts below summarize the availability of the Dollar Cost Averaging and Enhanced Dollar Cost Averaging programs and the automated investment strategies:
Optional Dollar Cost Averaging and Optional Enhanced Dollar Cost Averaging (“EDCA”) Programs:
| You may choose one: |
B Class |
B Plus Class |
C Class |
L Class |
R Class |
| Equity Generator®* |
Yes |
Yes |
No |
Yes |
Yes |
| AllocatorSM* |
Yes |
Yes |
No |
Yes |
Yes |
| *Not available in Contracts issued in New York State and Washington State with a GMIB or an EDB. Not available with
GMIB Plus III, EDB II, GWB v1 or GLWB. Not available for C Class
Contracts. | |||||
| EDCA** |
Yes |
No |
No |
Yes |
Yes |
| **May not be used with purchase payments consisting of money from other variable annuities issued by MetLife or its
affiliates. Restrictions apply to destination Investment Divisions with a
GMIB, an EDB, the GWB v1, the GLWB and the Index Selector. Not
available for B Plus and Class C Contracts. | |||||
A-13
Optional Automated Investment Strategies:
| You may choose one: |
B Class |
B Plus Class |
C Class |
L Class |
R Class |
| Rebalancer®*** |
Yes |
Yes |
Yes |
Yes |
Yes |
| ***Automatic if You choose Option (B) of the Investment Allocation Restrictions for the EDB III, the GMIB Plus IV, the
EDB II, the GMIB Plus III or elect the GLWB. | |||||
| Index Selector®**** |
Yes |
Yes |
Yes |
Yes |
Yes |
| ****Not available if You choose Option (B) of the Investment Allocation Restrictions for the EDB III, the GMIB Plus IV, the
EDB II or the GMIB Plus III. The Moderate to Aggressive and Aggressive
Models are not available with the EDB III, the GMIB Plus IV,
the EDB II or the GMIB Plus III. Not available with the GMIB Max V, the GMIB Max IV, the GMIB Max III, the GMIB Max II, the EDB Max V, the EDB Max IV, the EDB Max III, the EDB Max II, the GWB v1 or the
GLWB. | |||||
Index Selector
If You elect the Index Selector You are limited to allocating your purchase
payments and Account Balance among the following funding options and the Fixed Interest Account:
MetLife Aggregate Bond Index
MetLife Stock Index
MetLife MSCI EAFE Index
MetLife Russell 2000 Index
MetLife Mid Cap Stock Index
MetLife Stock Index
MetLife MSCI EAFE Index
MetLife Russell 2000 Index
MetLife Mid Cap Stock Index
Fixed Option
The following is information on the Fixed Interest Account currently available
under the Contract. The Fixed Interest Account is not available for C Class Contracts. Restrictions also apply to destination Divisions with respect to GMIB Max V and/or the EDB Max V, the GMIB Max IV and/or the EDB Max IV, the GMIB Max III and/or the EDB
Max III, the GMIB Max II and/or the EDB Max II, the GWB v 1, GLWB, GMIB Plus IV, the EDB III, the GMIB Plus III or the EDB II and the Index Selector. In addition, the Fixed Interest Account is not available for any Contract issued in New York and Washington with any living benefit rider or EDB rider.
We reserve the right to restrict purchase payments and transfers to the Fixed Interest Account if (1) the interest rate we credit in the Fixed Interest Account is equal to the guaranteed minimum rate as stated in your Contract; or (2) Your Account Value in the Fixed Interest Account Value is equal to or exceeds our maximum for Fixed Interest Account allocations (i.e., $1,000,000). If such restriction occurs, we will notify You of such change.
A-14
| Name |
Term |
Minimum Guaranteed Interest Rate* |
| Fixed Interest Account |
Initial Interest Rate Term: The interest rate for each amount allocated to the Fixed Interest Account is set by us in advance. Thereafter, each year a new rate will apply to that amount plus the interest previously credited to that amount. The new rate will be set by us in advance and will apply for 12 months. Interest will be credited to the Fixed Interest Account on a daily basis. We may declare interest rates for different one-year periods. If we do so we will tell you in advance Renewal Rate Term: 12 months |
1% |
*
The Minimum Guaranteed Interest Rate Varies by Contract and may be higher than the
minimum guaranteed interest rate shown. Check your Contract for the Minimum Guaranteed Interest Rate that applies to your Fixed Interest Account Option.
A-15
This Updating
Summary Prospectus incorporates by reference all of the information contained in the Prospectus and the Statement of Additional Information, which have the same date as
this Updating Summary Prospectus, and which are legally part of this Updating Summary Prospectus. You can obtain the Prospectus and Statement of Additional Information, without charge, by calling
your Administrative Office at (800) 638-7732, by going online at https://dfinview.com/metlife/PUFT/MET000257, or by sending an email request to RCG@metlife.com. For
Division transfers and purchase payment reallocations, for current information about your
Contract Values, to change or update Contract information such as your billing address, billing mode, Beneficiary or ownership, for information about other Contract transactions, and to ask questions about your Contract, You may call your
Administrative Office at (800) 638-7732.
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