Special Terms
In this prospectus, the following terms have the indicated meanings:
Accumulation Period — The period before the commencement of Annuity Payments.
Accumulation Unit — An accounting unit of measure used to calculate Contract Values before Annuity Payments begin.
Annuitant — A person on whose life the Maturity Date depends and Annuity Payments are made.
Annuity — Payment of income for a stated period or amount.
Annuity Payments — A series of periodic payments (a)(i) for life; (b)(ii) for life with a minimum number of payments; (c)(iii) for the joint lifetime of the Annuitant and another person, and thereafter during the lifetime of the survivor; or (d)(iv) for a fixed period.
Annuity Period — The period during whichfollowing commencement of Annuity Payments are made.
Approved Products — Products approved by the Brighthouse Life Insurance Company.Payments.
Beneficiary (ies)— The person(s) or trustee designated to receive any remaining contractual benefits in the event of a Participant’s, Annuitant’s or Contract Owner’s death, as applicable.
Cash Surrender Value — The CashContract Value less any amounts deducted upon a withdrawal or Surrender,surrender, outstanding loans, if available under the Contract, any applicable Premium Taxes or other Surrendersurrender charges not previously deducted.
Cash ValueCertificate — The value of net Purchase PaymentsIf applicable, the document issued to Participants under a master group Contract. Any reference in Your Account or a Participant’s Individual Account less Surrenders.this prospectus to the Contract includes the underlying Certificate.
Code — The Internal Revenue Code of 1986, as amended, and all related laws and regulations which are in effect during the term of this Contract.
Company (We, Us, Our) — Brighthouse Life Insurance Company.
Competing FundContract — Any investment option underFor convenience, means the Plan, which in Our opinion, consists primarily of fixed income securities and/Contract or money market instruments.Certificate, as applicable. For example, Contract Year also means Certificate Year.
Contract Owner — The Fixed Annuityperson 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.
Contract Value — the value of the Accumulation Units in Your Account (or a Participant’s Individual Account, if applicable) less any reductions for administrative charges.
Contract Date — The date on which the Contract is issued. For certain group Contracts, it is the date on which the Contract becomes effective, as shown on the specifications page of the Contract.
Contract Owner —The person named in the Contract (on the specifications page, which may be the Participant if so authorized). For certain group Contracts, the Contract Owner is the trustee or other entity which owns the Contract. Any reference in this prospectus to the Contract includes the underlying Certificate. Certificates are issued to Participants under group allocated Contracts.
Contract Value — The amount of all Purchase Payments, plus any applicable credits, plus or minus any investment experience or interest.
Contract Year — A continuous twelve -month periodTwelve-month periods beginning onwith the Contract Date and eachor any anniversary thereof. Contract Year also means certificate year.
Due Proof of DeathFixed Account — (a) A copyan account that consists of a certified death certificate; (b) a copyall of a certified decree of a court of competent jurisdiction as to the finding of death, (c) a written statement by a medical doctor who attendedassets under the deceased; or (d) anyContract other proof satisfactory to Us.
ERISA — The Employee Retirement Income Security Act of 1974, as amended, and all related laws and regulations which arethan those in effect during the term of this Contract.
Excess Plan Contributions — Plan contributions including excess deferrals, excess contributions, excess aggregate contributions, excess annual additions, and excess nondeductible contributions that require correction by the Plan Administrator, excluding reversions upon Plan Termination.Separate Account.
Fixed Annuity — An Annuity payout option with payments thatwhich remain fixed as to dollar amount throughout the payment period.period and which do not vary with the investment experience of the Separate Account.
Funding Options — The variable investment options to which Purchase Payments under the Contract may be allocated.
General Account — Comprised of the Company’s assets, other than assets in its Separate Account and any other separate accounts it may maintain.