Funding Options

The (SVA) is offered by prospectus only. To obtain a prospectus, please contact MetLife at the service center number reflected on your enrollment materials. You should carefully consider the product's features, risks, charges and expenses. This and other information is available in the prospectus, which you should read carefully before investing. The account value is subject to market fluctuations so that, when annuitized or withdrawn, it may be worth more or less than its original value. Product availability and features may vary by state. All product guarantees are based on the financial strength and claims-paying ability of Brighthouse Life Insurance Company. Withdrawals are subject to withdrawal charges and a market value adjustment. The market adjusted value may be lower or higher than your contract value.

Annuities are issued by, and product guarantees are solely the responsibility of, Brighthouse Life Insurance Company, Charlotte, NC 28277 (“Brighthouse Financial”), and not MetLife. Variable annuity products are distributed by Brighthouse Securities, LLC (member FINRA). Both are Brighthouse Financial affiliated companies. Brighthouse Financial® and its design are registered trademarks of Brighthouse, Financial, Inc. and/or its affiliates.

Annuity contracts contain exclusions, holding periods, termination provisions, limitations, reduction of benefits, surrender charges and terms for keeping them in force.

For participant allocations in the SVA: If Lutheran Social Service of Minnesota determines the need for a partial or full surrender of the SVA, such as moving to another retirement service provider, a surrender charge of up to 5% of the cash value may apply and will be deducted as a percentage of the amount withdrawn. There are no surrender charges, however, for withdrawals on participant initiated transactions on account of your retirement, death, or separation from service.

Mutual funds are sold by prospectus only. To obtain a prospectus, please contact MetLife at the service center number reflected on your enrollment materials. Please carefully consider investment objectives, risks, charges, and expenses before investing. For this and other information about any mutual fund investment please obtain a prospectus and read it carefully before you invest. Investment return and principal value will fluctuate with changes in market conditions such that shares may be worth more or less than original cost when redeemed. Diversification cannot eliminate the risk of investment losses.

MetLife and/or its affiliates ("MetLife") receive fees for providing administrative and recordkeeping services.  The fees may be deducted directly from the Participant's account, be paid for by the Employer, be paid from the Plan assets and/or paid from the fees deducted from Participant account values allocated to the mutual funds available under the Plan.  The fees can vary based upon the mutual funds that are available in the Plan and Plan Participants’ asset allocations.  Because different mutual funds pay different rates of compensation and rates of mutual fund compensation are subject to change from time to time, compensation received by MetLife varies based on the rates of compensation in effect from time to time.  MetLife may receive a finder’s fee from certain fund companies, which is additional compensation to MetLife.  MetLife may also impose separate transactional fees for certain Participant elected transactions that will be charged directly to Plan Participants unless paid by the Employer or the Plan.  MetLife may increase the annual administrative service fee charged to Participants’ accounts. MetLife may also pay a portion of the fees it collects to an entity that is designated as a directed trustee or directed custodian of the Plan; or to a third party administrator, or third party investment advisor. MetLife may receive payments for administrative services provided under the third party investment advisory services. MetLife also receives compensation for administrative services on annuities that are issued by unaffiliated insurance companies. MetLife also receives fees with respect to annuities it issues, according to the terms of the annuity contracts and prospectuses, if applicable. If you would like more information on the compensation that MetLife receives, contact your Employer. MetLife may realize a profit from any of the fees described above.

Any discussion of taxes is for general informational purposes only, does not purport to be complete or cover every situation, and should not be construed as legal, tax or accounting advice. Clients should confer with their qualified legal, tax and accounting professionals as appropriate.

The plan document governs the terms of the plan and is available from your employer. In general, if any conflicts occur between this material and the plan documents provided by your employer that define the plan, the plan documents will govern.