NJ ABP and ACTS Program
MetLife1 is proud to be an approved retirement savings plan provider. MetLife, together with its affiliated companies, provides administrative and recordkeeping services for your plans, which are funded with annuity products issued by Brighthouse Life Insurance Company.
1MetLife refers to Metropolitan Life Insurance Company.
In addition to a variety of variable funding options and Asset Allocation Portfolios, Gold Track Select also offers a Registered Fixed Account Option which provides for a 1% minimum guaranteed interest rate. The Registered Fixed Account Option offers an initial rate guarantee for one full year from the date the purchase payment is applied.
Gold Track Select and Registered Fixed Account Option Prospectus
Registered Fixed Account Option guarantees are subject to the claims-paying ability and financial strength of Brighthouse Life Insurance Company. A market value adjustment may apply on contact termination.
|Funding Options||Objective||Fund Fact Sheet||Prospectus|
|BlackRock Ultra-Short Term Bond Portfolio||Ultra-Short Term Bond||Fact Sheet||Prospectus|
|Western Asset Management U.S. Government Portfolio||Government Bond||Fact Sheet||Prospectus|
|BlackRock Bond Income PortfolioH||Aggregate Bond||Fact Sheet||Prospectus|
|MetLife Aggregate Bond Index Portfolio||Aggregate Bond||Fact Sheet||Prospectus|
|PIMCO Total Return Portfolio H,Z||Aggregate Bond||Fact Sheet||Prospectus|
|Western Asset Management Strategic Bond Opportunities PortfolioF,H||Multi-Sector Bond||Fact Sheet||Prospectus|
|PIMCO Inflation Protected Bond PortfolioF,H,Z||Inflation-Protected Bond||Fact Sheet||Prospectus|
|1919 Variable Socially Responsive Balanced FundC,F||Moderate Allocation||Fact Sheet||Prospectus|
|Brighthouse/Wellington Balanced PortfolioH||Moderate Allocation||Fact Sheet||Prospectus|
|MFS® Total Return Portfolio||Moderate Allocation||Fact Sheet||Prospectus|
|BlackRock High Yield PortfolioH||High Yield Bond||Fact Sheet||Prospectus|
|Western Asset Core Plus VIT PortfolioF,H,Z||High Yield Bond||Fact Sheet||Prospectus|
|Brighthouse/Wellington Core Equity Opportunities Portfolio||Large Cap Value||Fact Sheet||Prospectus|
|ClearBridge Variable Dividend Strategy PortfolioC,F||Large Cap Value||Fact Sheet||Prospectus|
|ClearBridge Variable Large Cap Value Portfolio*,F||Large Cap Value||Fact Sheet||Prospectus|
|Invesco Comstock Portfolio||Large Cap Value||Fact Sheet||Prospectus|
|MFS® Value Portfolio||Large Cap Value||Fact Sheet||Prospectus|
|T. Rowe Price Large Cap Value Portfolio - Class B||Large Cap Value||Fact Sheet||Prospectus|
|T. Rowe Price Large Cap Value Portfolio - Class E*||Large Cap Value||Fact Sheet||Prospectus|
|American Funds® Growth-Income FundC,F,G,IO,M||Large Cap Blend||Fact Sheet||Prospectus|
|Brighthouse/Wellington Large Cap Research Portfolio||Large Cap Blend||Fact Sheet||Prospectus|
|ClearBridge Variable Appreciation PortfolioC||Large Cap Blend||Fact Sheet||Prospectus|
|Fidelity® VIP Contrafund® PortfolioF,Y||Large Cap Blend||Fact Sheet||Prospectus|
|MetLife Stock Index Portfolio||Large Cap Blend||Fact Sheet||Prospectus|
|Victory Sycamore Mid Cap Value PortfolioC||Mid Cap Value||Fact Sheet||Prospectus|
|American Funds® Global Growth Fund C,F,G,M||Global Equity||Fact Sheet||Prospectus|
|Janus Henderson Global Research Portfolio*,F||Global Equity||Fact Sheet||Prospectus|
|Oppenheimer Global Equity PortfolioF||Global Equity||Fact Sheet||Prospectus|
|American Funds® Growth FundC,F||Large Cap Growth||Fact Sheet||Prospectus|
|BlackRock Capital Appreciation Portfolio||Large Cap Growth||Fact Sheet||Prospectus|
|ClearBridge Aggressive Growth PortfolioC,D - Class A*||Large Cap Growth||Fact Sheet||Prospectus|
|ClearBridge Aggressive Growth PortfolioC,D - Class B||Large Cap Growth||Fact Sheet||Prospectus|
|ClearBridge Variable Large Cap Growth PortfolioF||Large Cap Growth||Fact Sheet||Prospectus|
|Fidelity® VIP Dynamic Capital Appreciation Portfolio*,Y||Large Cap Growth||Fact Sheet||Prospectus|
|Jennison Growth PortfolioC||Large Cap Growth||Fact Sheet||Prospectus|
|T. Rowe Price Large Cap Growth Portfolio||Large Cap Growth||Fact Sheet||Prospectus|
|Harris Oakmark International PortfolioF||International Developed||Fact Sheet||Prospectus|
|MSCI EAFE® Index PortfolioF||International Developed||Fact Sheet||Prospectus|
|MFS® Research International PortfolioF||International Developed||Fact Sheet||Prospectus|
|Templeton Foreign VIP FundF||International Developed||Fact Sheet||Prospectus|
|MetLife Mid Cap Stock Index PortfolioC||Mid Cap Blend||Fact Sheet||Prospectus|
|Brighthouse Small Cap Value PortfolioC||Small Cap Value||Fact Sheet||Prospectus|
|Delaware VIP® Small Cap Value SeriesC||Small Cap Value||Fact Sheet||Prospectus|
|JPMorgan Small Cap Value PortfolioC||Small Cap Value||Fact Sheet||Prospectus|
|Neuberger Berman Genesis PortfolioC||Small Cap Value||Fact Sheet||Prospectus|
|Clarion Global Real Estate PortfolioF,R||Real Estate||Fact Sheet||Prospectus|
|MetLife Russell 2000® Index PortfolioC||Small Cap Blend||Fact Sheet||Prospectus|
|Fidelity® VIP Mid Cap PortfolioC,Y||Mid Cap Growth||Fact Sheet||Prospectus|
|Frontier Mid Cap Growth PortfolioC||Mid Cap Growth||Fact Sheet||Prospectus|
|Janus Henderson Enterprise Portfolio C, F, H, Z||Mid Cap Growth||Fact Sheet||Prospectus|
|Morgan Stanley Mid Cap Growth Portfolio*,C||Mid Cap Growth||Fact Sheet||Prospectus|
|ClearBridge Variable Small Cap Growth PortfolioC,F||Small Cap Growth||Fact Sheet||Prospectus|
|Invesco Small Cap Growth PortfolioC||Small Cap Growth||Fact Sheet||Prospectus|
|T. Rowe Price Small Cap Growth PortfolioC||Small Cap Growth||Fact Sheet||Prospectus|
|Brighthouse/Aberdeen Emerging Markets Equity PortfolioF||Emerging Markets||Fact Sheet||Prospectus|
|Templeton Developing Markets VIP FundF||Emerging Markets||Fact Sheet||Prospectus|
|American Funds® Balanced Allocation PortfolioAA||Asset Allocation||Fact Sheet||Prospectus|
|American Funds® Growth Allocation PortfolioAA||Asset Allocation||Fact Sheet||Prospectus|
|American Funds® Moderate Allocation PortfolioAA||Asset Allocation||Fact Sheet||Prospectus|
|Brighthouse Asset Allocation 20 PortfolioAA||Asset Allocation||Fact Sheet||Prospectus|
|Brighthouse Asset Allocation 40 PortfolioAA||Asset Allocation||Fact Sheet||Prospectus|
|Brighthouse Asset Allocation 60 PortfolioAA||Asset Allocation||Fact Sheet||Prospectus|
|Brighthouse Asset Allocation 80 PortfolioAA||Asset Allocation||Fact Sheet||Prospectus|
|Brighthouse Asset Allocation 100 PortfolioAA||Asset Allocation||Fact Sheet||Prospectus|
|MetLife Multi-Index Targeted Risk PortfolioZ,FF||Protected Growth Strategies||Fact Sheet||Prospectus|
|Schroders Global Multi-Asset Portfolio F, H, Z||Protected Growth Strategies||Fact Sheet||Prospectus|
|ClearBridge Variable Aggressive Growth Portfolio*||Multi-Cap Core Funds||Fact Sheet||Prospectus|
AA Asset allocation portfolios are “fund-of-funds” portfolios. Because of this two-tier structure, each asset allocation portfolio bears its own investment management fee and expenses, which includes the cost of the asset allocation services it provides, as well as its pro rata share of the management fee and expenses of each underlying portfolio. Without these asset allocation services, the contract owner’s expenses would be lower. Diversification does not ensure a profit or protect against loss.
C Invests in stocks of small capitalization or mid capitalization companies. Such stocks may fluctuate in value more than stocks of large capitalization companies, and may perform poorly due to the issuers’ limited product lines, markets, financial resources, or management experience.
D This portfolio invests in a limited number of issuers. Poor performance of a single issuer will generally have a more adverse impact on the return of the portfolio than on a portfolio that invests across a greater number of issuers.
F Invests in securities of foreign companies and governments, which involves risks not typically associated with U.S. investments, including changes in currency exchange rates; economic, political, and social conditions in foreign countries; and governmental regulations and accounting standards different from those in the U.S.
FF The Portfolio is a “fund-of-funds” portfolio. Because of this two-tier structure, the Portfolio bears its own investment management fee and expenses, which includes the cost of the asset allocation services it provides, as well as its pro rata share of the management fee and expenses of each underlying portfolio. Without these asset allocation services, the contract owner’s expenses would be lower.
G Growth-oriented common stocks and other equity-type securities (such as preferred stocks, convertible preferred stocks and convertible bonds) may involve larger price swings and greater potential for loss than other types of investments.
H Invests in high yield or “junk” bonds, which are issued by companies that pose a greater risk of not paying the interest, dividends, or principal their bonds have promised to pay. Such bonds are especially subject to adverse changes in interest rates or other general market conditions, or to downturns in the issuers’ companies or industries.
IO Income provided by the fund may be reduced by changes in the dividend policies of, and the capital resources available for dividend payments at, the companies in which the fund invests.
M The investment adviser to the fund actively manages the fund’s investments. Consequently, the fund is subject to the risk that the methods and analyses employed by the investment adviser in this process may not produce the desired results. This could cause the fund to lose value or its investment results to lag relevant benchmarks or other funds with similar objectives.
R Invests in Real Estate Investment Trusts (REITs), which attempt to profit from the rental and sale of real property or from real estate mortgages. REITs may suffer from declines in real estate values or changes in interest rates.
Y These funding choices are Fidelity Variable Insurance Products funds that are designed as investment vehicles for variable annuity and variable life insurance contracts of insurance companies. Brighthouse Financial receives a fee from Fidelity for providing certain recordkeeping and administrative services. You are not responsible for these fees.
Z May invest in derivatives to obtain investment exposure, enhance return, or protect the portfolio’s assets from unfavorable shifts in the value or rate of underlying investments. Because of their complex nature, some derivatives may not perform as intended, can significantly increase the portfolio’s exposure to the existing risks of the underlying investments, and may be illiquid and difficult to value. As a result, the portfolio may not realize the anticipated benefits from a derivative it holds or it may realize losses. Derivative transactions may create investment leverage, which may increase the volatility and may require liquidation of securities when it may not be advantageous to do so.
* Not available under all contracts. Availability depends on contract issue date.
While diversification through an asset allocation strategy is a useful technique that can help to manage overall portfolio risk and volatility, there is no certainty or assurance that a diversified portfolio will enhance overall return or outperform one that is not diversified.
This enrollment brochure is not intended to be a summary of your plan’s provisions. It only includes highlights of certain plan provisions. The plan document governs the terms of the plan and is available from your employer. You employer may also provide a summary plan description. In general, if any conflicts occur between this material and the plan documents provided by your employer, the plan documents provided by your employer will govern.
Investment Performance Is Not Guaranteed.
Gold Track Select variable annuity and the Registered Fixed Account Option are offered by prospectuses only, which are available from your registered representative. 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 investment objectives, risks and policies of the investment options, as well as other information about the investment options, are described in their respective prospectuses. There is no guarantee that any of the variable investment options will meet their stated goals or objectives. The account value allocated to the variable funding options 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. Withdrawals may be subject to withdrawal charges and a market value adjustment. The market value adjustment may be lower or higher than your contract value.
Like most annuity contracts, Brighthouse Financial policies and contracts contain surrender charges, termination provisions, holding periods, exclusions, limitations, reduction of benefits and terms for keeping it in force. See your representative for complete details.
Distributions of 401(a) and 403(b) salary reduction contributions allocated to your annuity account, and the earnings on such contributions, are generally not permitted prior to attaining normal retirement age under your retirement plan except under certain situations, such as your severance from employment with the employer sponsoring the plan or your death, disability or hardship as provided under the plan. Distributions of contributions and earnings may also be restricted as defined in the plan documents. Contact your plan administrator to determine when and under what circumstances you may request a distribution from your plan. Where permitted, distributions of taxable amounts are generally subject to ordinary income tax and, if made before age 59½, may be subject to a 10% federal income tax penalty.
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 advisors as appropriate.
The information in this brochure is for informational purposes only and shall not be construed as an offer, or solicitation of an offer, to purchase any securities or variable insurance products, or a recommendation to buy, sell or hold any securities or participate in any investment advisory program or service. Nothing in this brochure is intended to target any particular individual or analyze the financial condition of any particular individual for suitability to transact in any securities or participate in any investment advisory programs. This material should not be interpreted as a recommendation or as fiduciary investment advice by Metlife or Brighthouse Financial. Please consult with a financial professional and your independent tax advisor, review all applicable offering documents and disclosures for risks and applicable fees, charges and expenses, and consider your own financial conditions, risk tolerance, investment objectives and time horizon before investing.
Gold Track Select variable annuity is issued on policy form numbers L-14666, L-14669, L-14672. Annuities are issued by, and its product guarantees are solely the responsibility of, Brighthouse Life Insurance Company (“Brighthouse Financial”), Charlotte, NC 28277. Variable products are distributed by Brighthouse Securities, LLC (member FINRA). Brighthouse Financial and Brighthouse Securities, LLC are not affiliated with MetLife. MetLife is a registered service mark of Metropolitan Life Insurance Company and its affiliates ("MetLife"), and is used under license to Brighthouse Services, LLC and its affiliates. Brighthouse Financial, Mass Mutual and MetLife are not affiliated and product guarantees are not backed by MetLife or Mass Mutual. Brighthouse Financial and its design are service marks of Brighthouse Financial, Inc., or its affiliates.