# EDGAR Filing Document

**Accession Number:** 0000836687
**File Stem:** 0000836687-26-000115
**Filing Date:** 2026-4
**Character Count:** 37179
**Document Hash:** 3cbe1ee2d4e67a9d102bcf24d125e2f7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000836687-26-000115.hdr.sgml**: 20260414

**ACCESSION NUMBER**: 0000836687-26-000115

**CONFORMED SUBMISSION TYPE**: 497VPU

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260414

**DATE AS OF CHANGE**: 20260414

**EFFECTIVENESS DATE**: 20260414

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SEPARATE ACCOUNT B OF VENERABLE INSURANCE & ANNUITY Co
- **CENTRAL INDEX KEY:** 0000836687

**ORGANIZATION NAME:**
- **EIN:** 410991508
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497VPU
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-133944
- **FILM NUMBER:** 26859745

**BUSINESS ADDRESS:**
- **STREET 1:** 699 WALNUT STREET
- **STREET 2:** SUITE 1350
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50309-3942
- **BUSINESS PHONE:** 610-425-3400

**MAIL ADDRESS:**
- **STREET 1:** 699 WALNUT STREET
- **STREET 2:** SUITE 1350
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50309-3942

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SEPARATE ACCOUNT B OF VOYA INSURANCE & ANNUITY Co
- **DATE OF NAME CHANGE:** 20140829

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SEPARATE ACCOUNT B OF ING USA ANNUITY LIFE INSURANCE CO
- **DATE OF NAME CHANGE:** 20031230

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SEPARATE ACCOUNT B OF ING USA ANNUITY & LIFE INSURANCE CO
- **DATE OF NAME CHANGE:** 20031230

## Series and Classes Contracts Data

### SEPARATE ACCOUNT B OF VENERABLE INSURANCE AND ANNUITY COMPANY (Series ID: S000000888)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000034749 | ARCHITECT VARIABLE ANNUITY |  |

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|:---|
| **Venerable Insurance and Annuity Company** |
| and Separate Account B of Venerable Insurance and Annuity Company |
| **Architect® Variable Annuity** |

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**May 1, 2026, Updating Summary Prospectus**

This summary prospectus describes Architect®, a group and individual deferred combination variable and fixed annuity contract (the "Contract" or the "Contracts") issued by Venerable Insurance and Annuity Company (the "Company," "we," "us" and "our") through our Separate Account B (the "Separate Account"). **The Contract has not been offered for new sales since March 15, 2010, and this summary prospectus describes the features and benefits of the Contract applicable to existing Contract Owners.**

The Contract provides a means for the Contract Owner ("you" and "your"), to allocate your Contract Value to one or more available investment options, which include:

• Subaccounts of the Separate Account, each of which invests in an underlying mutual fund (the "Funds") – **See APPENDIX A for more information about the Funds available through the Contract.** 

The Contract is a complex investment and involves risk, including potential loss of principal. Your Contract Value will vary daily to reflect the investment performance of the Subaccount(s) you select. For Contracts sold in some states, not all Funds may be available.

The full Architect® prospectus contains more information about the Contract, including its features, benefits, and risks. You can find the current full prospectus and other information about the Contract online at https://docs.venerable.com/#/landing?prod=449817758&doctype=spros. You can also obtain this information at no cost by calling 1-800-366-0066 or by sending an email request to smb-usa-mailbox@venerable.com.

Additional general information about certain investment products, including variable annuities, has been prepared by the staff of the SEC and is available at https://Investor.gov.

New regulations adopted by the Securities and Exchange Commission ("SEC") require paper copies of the shareholder reports for the Funds available through your Contract to be sent to you by mail, unless you specifically elect to receive copies of the reports from the Company electronically. To elect and consent to the electronic receipt of Fund shareholder reports and other required documents, like this summary prospectus and the full prospectus, please access your account information at Venerable.com and navigate to the "My Profile" section to manage your delivery preferences. You may also write to Customer Service at P.O. Box 9271, Des Moines, Iowa 50306-9271 or call 1-800-366-0066.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action.

**The Contract is not a short-term investment, and withdrawals from or surrender of the Contract may be subject to a maximum 8% surrender charge, negative Contract adjustments, taxes, and tax penalties, if applicable. All obligations, guarantees, and benefits of the Contract are subject to the financial strength and claims paying ability of the Company.**

**The SEC has not approved or disapproved these securities or passed upon the accuracy or adequacy of this summary prospectus. Any representation to the contrary is a criminal offense.** 

**Allocations to a Subaccount investing in a Fund are not bank deposits and are not insured or guaranteed by any bank or by the Federal Deposit Insurance Corporation ("FDIC") or any other government agency. The Contract is a complex investment and involves risks, including the possible loss of the principal amount invested.**

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| | |
|:---|:---|
| ***<u>**TABLE OF CONTENTS**</u>*** | **<u>Page</u>** |
| [***<u>SPECIAL TERMS</u>***](#chapter_2_1151) | [*2*](#chapter_2_1151) |
| [***<u>UPDATED INFORMATION ABOUT YOUR CONTRACT</u>***](#chapter_3_1151) | [*3*](#chapter_3_1151) |
| [***<u>KEY INFORMATION</u>***](#chapter_4_1151) | [*3*](#chapter_4_1151) |
| [***<u>APPENDIX A</u>*** ***– FUNDS AVAILABLE UNDER THE CONTRACT***](#chapter_5_1151) | [*A-1*](#chapter_5_1151) |
| [***<u>HOW TO GET MORE INFORMATION</u>***](#chapter_6_1151) | [***Back Cover***](#chapter_6_1151) |

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***SPECIAL TERMS***<br>

The following terms have special meaning and are used throughout this summary prospectus. Other special terms are generally defined in the sections where those terms appear.

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| | |
|:---|:---|
| &nbsp;&nbsp;**Annuity Start Date** | &nbsp;&nbsp;The date you start receiving annuity payments under your Contract. |
| &nbsp;&nbsp;**Cash Surrender Value** | &nbsp;&nbsp;The amount you receive when you surrender the Contract. |
| &nbsp;&nbsp;**Contract** | &nbsp;&nbsp;&nbsp;&nbsp;The legal agreement between the Contract Owner(s) and the Company that governs the terms of the Architect Variable Annuity. The Contract has two phases:<br>The accumulation phase (the period between the Contract Date and the Annuity Start Date) during which the Contract Value may vary according to the investment experience of the Subaccounts of the Separate Account; and<br>The payout phase (which begins on the Annuity Start Date) during which you receive regular annuity payments from the Contract). |
| &nbsp;&nbsp;**Contract Date** | &nbsp;&nbsp;The date the Contract became effective. |
| &nbsp;&nbsp;**Contract Owner(s)** | &nbsp;&nbsp;The person(s) or entity with all of the rights and options available through the Contract. Throughout this summary prospectus we use "you" and "your" to refer to the Contract Owner(s). |
| &nbsp;&nbsp;**Contract Value** | &nbsp;&nbsp;The total value of your investment in the Subaccounts of the Separate Account available through the Contract. |
| &nbsp;&nbsp;**Contract Year** | &nbsp;&nbsp;The time period between each anniversary of the Contract Date. |
| &nbsp;&nbsp;**Death Benefit** | &nbsp;&nbsp;The amount paid to your designated beneficiaries upon your death. The Contract has a standard Death Benefit and optional enhanced Death Benefits. |
| &nbsp;&nbsp;**Funds** | &nbsp;&nbsp;The underlying mutual funds in which the Subaccounts invest. |
| &nbsp;&nbsp;**Optional Benefits** | &nbsp;&nbsp;Various features and benefits that you were able to choose to add to your Contract, typically when you applied for the Contract and for an additional cost. |
| &nbsp;&nbsp;**Separate Account** | &nbsp;&nbsp;Separate Account B, which is the separate investment account of the Company that supports the Contract. It is registered with the SEC as a unit investment trust under the Investment Company Act of 1940, as amended (the "1940 Act"). We own all the assets in Separate Account B but such assets are kept separate from our other accounts. |
| &nbsp;&nbsp;**Subaccounts** | &nbsp;&nbsp;Divisions of the Separate Account, each of which invests exclusively in one underlying Fund. The value of each Subaccount will vary with the performance of its underlying Fund. |

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***UPDATED INFORMATION ABOUT YOUR CONTRACT***<br>

There have been no material changes to your Contract's features or benefits since the date of your most recent full and summary prospectus, as subsequently supplemented. There have been changes to the Funds available through the Contract, as described in "Appendix A – Funds Available Under the Contract."

***KEY INFORMATION***<br>

Important information you should consider about the Contract:

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|:---|:---|
| **FEES, EXPENSES, AND ADJUSTMENTS**  | **FEES, EXPENSES, AND ADJUSTMENTS**  |
| &nbsp;&nbsp;**Are there Charges or Adjustments for Early Withdrawals?** | &nbsp;&nbsp;**Yes.** If you withdraw money from or surrender the Contract within seven (7) years following a premium payment, you may be assessed a surrender charge. The surrender charge is generally a percentage of the premium withdrawn or surrendered, and the maximum surrender charge is 8% of each premium payment. For example, if you make an early withdrawal, you could pay a surrender charge of up to $8,000 on a $100,000 premium payment. **See "Surrender Charge" in the full prospectus, as supplemented, for more information.** |
| &nbsp;&nbsp;**Are there Transaction Charges?** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Yes.** In addition to surrender charges, there may be an additional charge if:<br>You transfer Contract Value between Subaccounts;<br>You request that withdrawal proceeds be mailed for overnight delivery; or<br>State or local premium taxes become due.<br>**See *"Charges Deducted from the Contract Value"* in the full prospectus, as supplemented, for more information.** |

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|:---|:---|
| **FEES, EXPENSES, AND ADJUSTMENTS** (continued)  | **FEES, EXPENSES, AND ADJUSTMENTS** (continued)  |
| &nbsp;&nbsp;**Are there Ongoing Fees and Expenses?** | &nbsp;&nbsp;**Minimum and Maximum Annual Fee Table.** 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 schedule pages for information about the specific fees you will pay each year based on the options you have elected. |
| &nbsp;&nbsp;**Are there Ongoing Fees and Expenses?** | &nbsp;&nbsp;**Annual Fee** |
| &nbsp;&nbsp;**Are there Ongoing Fees and Expenses?** | &nbsp;&nbsp;**Base Contract** (varies by contract class)<br>**1.00%<sup>1</sup>**<br>**1.16%<sup>1</sup>** |
| &nbsp;&nbsp;**Are there Ongoing Fees and Expenses?** | &nbsp;&nbsp;**Fund fees and expenses**<br>**0.53%<sup>2</sup>**<br>**1.58%<sup>2</sup>** |
| &nbsp;&nbsp;**Are there Ongoing Fees and Expenses?** | &nbsp;&nbsp;**Optional Benefits available for an additional charge** (for one optional benefit, if elected)<br>**0.25%<sup>3</sup>**<br>**1.20%<sup>3</sup>** |
| &nbsp;&nbsp;**Are there Ongoing Fees and Expenses?** | &nbsp;&nbsp;1 As a percentage of Account Value in each Subaccount. This fee includes the Mortality and Expense Risk Charge, the Annual Asset Based Administrative Charge described in the Contract and in prior prospectuses, and the annual dollar based Administrative Charge converted into an annual percentage. We calculate the Base Contract fee by dividing the total amount of these charges collected during the last fiscal year by the total average net assets attributable to the Contracts for that year. The annual dollar based Administrative Charge is waived if your total premium payments are $100,000 or more or if your Contract Value at the end of a Contract Year is $100,000 or more. The minimum amount reflects this waiver, while the maximum amount does not. Refer to your Contract schedule pages for the fees and charges that apply to your Contract.<br>2 As a percentage of Fund assets. These figures reflect the minimum and maximum Fund fees and expenses before any expense reimbursements or fee waiver arrangements.<br>3 As a percentage of Contract Value or Benefit Base depending on the Optional Benefit elected. Refer to your Contract schedule pages for the fees and charges that apply to the Optional Benefits you have elected. |
| &nbsp;&nbsp;**Are there Ongoing Fees and Expenses?** | &nbsp;&nbsp;Because your Contract is customizable, the choices you make affect how much you will pay. To help you 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 surrender charges and negative Contract adjustments that substantially increase costs.** |
| &nbsp;&nbsp;**Are there Ongoing Fees and Expenses?** | **Lowest Annual Cost:**<br>**$1,365** |
| &nbsp;&nbsp;**Are there Ongoing Fees and Expenses?** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assumes:<br>Investment of $100,000;<br>5% annual appreciation;<br>Least expensive Contract class and Fund fees and expenses;<br>No Optional Benefits;<br>No sales charges; and<br>No additional purchase payments, transfers, or withdrawals. |
| &nbsp;&nbsp;**Are there Ongoing Fees and Expenses?** | &nbsp;&nbsp;**See *"Charges Deducted from the Subaccounts" and "Optional Rider Charges"* for more information.** |

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|:---|:---|
| **RISKSSee "PRINCIPAL RISKS OF INVESTING IN THE CONTRACT" in the full prospectus, as supplemented, for more information.**  | **RISKSSee "PRINCIPAL RISKS OF INVESTING IN THE CONTRACT" in the full prospectus, as supplemented, for more information.**  |
| &nbsp;&nbsp;**Is there a Risk of Loss from Poor Performance?** | &nbsp;&nbsp;**Yes.** You can lose money investing in the Contract, including loss of principal. |
| &nbsp;&nbsp;**Is this a Short-Term Investment?** | &nbsp;&nbsp;**No.** The Contract is not a short-term investment and is not appropriate if you need ready access to cash.<br>Surrender charges apply for up to seven (7) years after each premium payment. They will reduce the value of your Contract if you withdraw money from or surrender your Contract during that time. Withdrawals and surrenders may also be subject to taxes and tax penalties. The benefits of tax deferral and living benefit protections also mean the Contract is more beneficial to investors with a long-term investment time horizon. |
| &nbsp;&nbsp;**What are the Risks Associated with the Investment Options?** | &nbsp;&nbsp;An investment in the Contract is subject to the risk of poor investment performance of the investment options you choose.<br>Each available Fund has its own unique risks, and you should review information about each investment option before making an investment decision. This information can be found in the Fund prospectuses.<br>The Funds you choose may impact the benefits under the Optional Benefits you chose. **See "OPTIONAL LIVING BENEFIT RIDERS" in the full prospectus, as supplemented, for more information.** |
| &nbsp;&nbsp;**What are the Risks Related to the Insurance Company?** | &nbsp;&nbsp;All obligations, guarantees, and benefits of the Contract are subject to the financial strength and claims paying ability of the Company. If the Company experiences financial distress, it may not be able to meet its obligations to you. More information about the Company, including its financial strength, is available on request by calling Customer Service at 1-800-366-0066. |

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|:---|:---|
| **RESTRICTIONS**  | **RESTRICTIONS**  |
| &nbsp;&nbsp;**Are there Limited on the Investment Options?** | &nbsp;&nbsp;**Yes.** There may be a $25 charge for each transfer between Subaccounts after the first 12 in a Contract Year. **See *"Charges Deducted from the Contract Value"* in the full prospectus, as supplemented, for more information.**<br>We reserve the right to close or remove Funds to future investment and to substitute Funds that are available under the Contract. **See *"Addition, Deletion or Substitution of Subaccounts and Other Changes"* in the full prospectus, as supplemented, for more information.**<br>The Contract is not designed to serve as a vehicle for frequent transfers. We monitor for excessive trading and reserve the right to limit the number of transfers you may make between investment options and may otherwise modify or terminate transfer privileges. We may also suspend electronic trading privileges for those that are found to have violated our Excessive Trading Policy. **See "TRANSFERS AMONG YOUR INVESTMENT OPTIONS - Excessive Trading Policy" in the full prospectus, as supplemented, for more information.** |

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|:---|:---|
| **RESTRICTIONS** (continued)  | **RESTRICTIONS** (continued)  |
| &nbsp;&nbsp;**Are there any Restrictions on Contract Benefits?** | &nbsp;&nbsp;**Yes.** We may restrict or limit amounts that may be allocated to certain Funds. Additionally, for many Optional Benefits we categorize Funds according to volatility, and investment in Funds outside of certain categories can have a negative impact on those Optional Benefits. We may change a category into which a Fund is placed in the future. **See "OPTIONAL LIVING BENEFIT RIDERS" in the full prospectus, as supplemented, for more information.**<br>A withdrawal may terminate or reduce the value of an optional living or death benefit by more than the amount of the withdrawal because withdrawals can reduce a benefit on a proportional basis. A proportional reduction is based on the change in Contract Value resulting from the withdrawal, not the amount withdrawn. **See "OPTIONAL LIVING BENEFIT RIDERS" and "DEATH BENEFIT" in the full prospectus, as supplemented, for more information.**<br>Once elected, an Optional Benefit generally cannot be cancelled separately from the Contract. None of the Optional Benefits are currently available for election. **See "DEATH BENEFIT" in the full prospectus, as supplemented, for more information.** |

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|:---|:---|
| **TAXESSee "FEDERAL TAX CONSIDERATIONS" in the full prospectus, as supplemented, for more information.**  | **TAXESSee "FEDERAL TAX CONSIDERATIONS" in the full prospectus, as supplemented, for more information.**  |
| &nbsp;&nbsp;**What are the Contract's Tax Implications?** | &nbsp;&nbsp;You should consult with a tax professional to determine the tax implications of an investment in and purchase payments received under the Contract.<br>If you purchased the contract through a tax-qualified retirement plan or individual retirement arrangement ("IRA") you do not get any additional tax deferral.<br>Earnings on your Contract are taxed at ordinary income tax rates when you withdraw them, and you may pay a 10% additional tax for withdrawals and surrenders before age 59½. |

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|:---|:---|
| **CONFLICTS OF INTERESTSee "Selling the Contract" in the full prospectus, as supplemented, for more information.**  | **CONFLICTS OF INTERESTSee "Selling the Contract" in the full prospectus, as supplemented, for more information.**  |
| &nbsp;&nbsp;**How are Investment Professionals Compensated?** | &nbsp;&nbsp;Although the Contracts are no longer offered for new sales, firms and their registered representatives that sold the Contract may receive commissions on additional premium payments and may also be paid trail commissions for past sales activity based on the values of Contracts sold through the firm. This compensation is not paid directly by Contract Owners or the Separate Account. This compensation may have influenced your investment professional to offer or recommend the Contract over another investment and could influence your investment professional to recommend keeping the Contract. |
| &nbsp;&nbsp;**Should I Exchange My Contract?** | &nbsp;&nbsp;Some investment professionals may have a financial incentive to offer you a new contract in place of the Contract you already own. You should only exchange your Contract if you determine, after comparing the features, benefits, fees, and risks of both contracts, that it is preferable for you to exchange your Contract for a new contract rather than to continue to own your existing Contract. |

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***APPENDIX A – FUNDS AVAILABLE UNDER THE CONTRACT***<br>

The following is a list of the Funds available through the Subaccounts under the Contract. More information about the Funds is available in the prospectuses for the Funds, which may be amended from time to time and can be found online at https://docs.venerable.com/#/landing?prod=449817758&doctype=spros.

You can also request this information at no cost by calling 1-800-366-0066 or by sending an email request to smb-usa-mailbox@venerable.com. The Funds you choose may impact the benefits under the Optional Benefits you chose. **See "OPTIONAL LIVING BENEFIT RIDERS" in the full prospectus, as supplemented, for more information.**

The current expenses and performance information below reflects fee and expenses of the Funds, but does not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Fund's past performance is not necessarily an indication of future performance.

Consult with your investment professional to determine if the Funds may be suited to your financial needs, investment time horizon and risk tolerance. You should periodically review these factors to determine if you need to change your investment strategy.

***Open Funds***<br>

Subaccounts that invest in the following Funds are open to new premiums and transfers of Contract Value.

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|:---|:---|:---|:---|:---|
| **INVESTMENT OBJECTIVE** | **FUND NAMEINVESTMENT ADVISER/SUBADVISER** | **AVERAGE ANNUALTOTAL RETURNS** | **AVERAGE ANNUALTOTAL RETURNS** | **AVERAGE ANNUALTOTAL RETURNS** |
| **INVESTMENT OBJECTIVE** | **FUND NAMEINVESTMENT ADVISER/SUBADVISER** | **(AS OF 12/31/2025)** | **(AS OF 12/31/2025)** | **(AS OF 12/31/2025)** |
| **INVESTMENT OBJECTIVE** | **FUND NAMEINVESTMENT ADVISER/SUBADVISER** | **1 Year** | **5 Year** | **10 Year**  |
| Seeks high long term capital appreciation. | **Venerable Appreciation Allocation Fund**<br>**Investment Adviser:** Venerable Investment Advisers, LLC<br>**Discretionary Sub-Adviser:** Russell Investment Management, LLC<br>A Fund of Funds. | **–\*** | **–\*** | **–\*** |
| Seeks to replicate the performance of a benchmark index that measures investment grade bonds traded in the U.S. as closely as possible before the deduction of Fund expenses. | **Venerable Bond Index Fund**<br>**Investment Adviser:** Venerable Investment Advisers, LLC<br>**Discretionary Sub-Adviser:** Franklin Advisers, Inc.<br> **Class V**<br>**0.61%<sup>1</sup>** | **–\*** | **–\*** | **–\*** |

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\* This Fund is relatively new and performance information for the full period is unavailable.

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|:---|:---|
| 1 | Current Expenses are each Fund's total net annual operating expenses and reflect any temporary expense reimbursements or fee waiver arrangements that are in place and reported in the Fund's prospectus. |

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|:---|:---|:---|:---|:---|:---|
| **INVESTMENT OBJECTIVE** | **FUND NAME<br>INVESTMENT ADVISER/SUBADVISER** | **CURRENT EXPENSES** | **AVERAGE ANNUAL<br>TOTAL RETURNS** | **AVERAGE ANNUAL<br>TOTAL RETURNS** | **AVERAGE ANNUAL<br>TOTAL RETURNS** |
| **INVESTMENT OBJECTIVE** | **FUND NAME<br>INVESTMENT ADVISER/SUBADVISER** | **CURRENT EXPENSES** | **(AS OF 12/31/2025)** | **(AS OF 12/31/2025)** | **(AS OF 12/31/2025)** |
| **INVESTMENT OBJECTIVE** | **FUND NAME<br>INVESTMENT ADVISER/SUBADVISER** | **CURRENT EXPENSES** | **1 Year** | **5 Year** | **10 Year**  |
| Seeks, over the long term, current income and a modest level of total investment return consistent with the preservation of capital. | **Venerable Conservative Allocation Fund**<br>**Investment Adviser:** Venerable Investment Advisers, LLC<br>**Discretionary Sub-Adviser:** Russell Investment Management, LLC<br>A Fund of Funds. | **Class V**<br>**0.87%**<sup>1</sup> | **–\*** | **–\*** | **–\*** |
| Seeks, over the long term, current income and a moderate level of total investment return. | **Venerable Conservative Appreciation Allocation Fund**<br>**Investment Adviser:** Venerable Investment Advisers, LLC<br>**Discretionary Sub-Adviser:** Russell Investment Management, LLC<br>A Fund of Funds. | **Class V**<br>**0.87%** | **–\*** | **–\*** | **–\*** |
| Seeks to provide long term capital growth. | **Venerable Emerging Markets Equity Fund**<br>**Investment Adviser:** Venerable Investment Advisers, LLC<br>**Discretionary Sub-Adviser:** Russell Investment Management, LLC<br>**Non-Discretionary Sub-Advisers:** Axiom Investors LLC, Barrow, Hanley, Mewhinney & Strauss LLC, Numeric Investors LLC, Oaktree Fund Advisors, LLC, Pzena Investment Management, LLC, and Sands Capital Management, LLC | **Class V**<br>**1.44%**<sup>1</sup> | **–\*** | **–\*** | **–\*** |
| Seeks to earn a high level of current income with a secondary goal of seeking capital appreciation. | **Venerable High Yield Fund**<br>**Investment Adviser:** Venerable Investment Advisers, LLC<br>**Discretionary Sub-Adviser:** Franklin Advisers, Inc. | **Class V**<br>**0.72%<sup>1</sup>** | **8.49%** | **–\*** | **–\*** |

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|:---|:---|:---|:---|:---|
| **INVESTMENT OBJECTIVE** | **FUND NAME<br>INVESTMENT ADVISER/SUBADVISER** | **AVERAGE ANNUAL<br>TOTAL RETURNS** | **AVERAGE ANNUAL<br>TOTAL RETURNS** | **AVERAGE ANNUAL<br>TOTAL RETURNS** |
| **INVESTMENT OBJECTIVE** | **FUND NAME<br>INVESTMENT ADVISER/SUBADVISER** | **(AS OF 12/31/2025)** | **(AS OF 12/31/2025)** | **(AS OF 12/31/2025)** |
| **INVESTMENT OBJECTIVE** | **FUND NAME<br>INVESTMENT ADVISER/SUBADVISER** | **1 Year** | **5 Year** | **10 Year**  |
| Seeks to maximize long term total real return, consistent with the preservation of real capital. | **Venerable Inflation Focused Fund**<br>**Investment Adviser:** Venerable Investment Advisers, LLC<br>**Discretionary Sub-Adviser:** Franklin Advisers, Inc. | **–\*** | **–\*** | **–\*** |
| Seeks to provide long-term capital growth. | **Venerable International Equity Fund**<br>**Investment Adviser:** Venerable Investment Advisers, LLC<br>**Discretionary Sub-Adviser:** Franklin Advisers, Inc.<br>**Non-Discretionary Sub-Advisers:** ClearBridge Investments, LLC and Putnam Investment Management, LLC<br> **Class V**<br>**0.99%<sup>1</sup>** | **–\*** | **–\*** | **–\*** |
| Seeks to replicate the performance of a benchmark index that measures the investment return of international developed markets stocks as closely as possible before deduction of Fund expenses. | **Venerable International Index Fund**<br>**Investment Adviser:** Venerable Investment Advisers, LLC<br>**Discretionary Sub-Adviser:** Russell Investment Management, LLC<br> **Class V**<br>**0.70%**<sup>1</sup> | **–\*** | **–\*** | **–\*** |
| Seeks to replicate the performance of a benchmark index that measures the investment return of large capitalization stocks as closely as possible before the deduction of Fund expenses. | **Venerable Large Cap Index Fund**<br>**Investment Adviser:** Venerable Investment Advisers, LLC<br>**Discretionary Sub-Adviser:** Russell Investment Management, LLC<br> **Class V**<br>**0.51%<sup>1</sup>** | **17.30%** | **–\*** | **–\*** |
| Seeks to replicate the performance of a benchmark index that measures the investment return of mid capitalization stocks as closely as possible before deduction of Fund expenses. | **Venerable Mid Cap Index Fund**<br>**Investment Adviser:** Venerable Investment Advisers, LLC<br>**Discretionary Sub-Adviser:** Russell Investment Management, LLC<br> **Class V**<br>**0.65%**<sup>1</sup> | **–\*** | **–\*** | **–\*** |
| Seeks, over the long-term, total investment return consistent with the preservation of capital. | **Venerable Moderate Allocation Fund**<br>**Investment Adviser:** Venerable Investment Advisers, LLC<br>**Discretionary Sub-Adviser:** Russell Investment Management, LLC<br>A Fund of Funds.<br> **Class V**<br>**0.89%<sup>1</sup>** | **12.64%** | **–\*** | **–\*** |

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|:---|:---|:---|:---|:---|
| **INVESTMENT OBJECTIVE** | **FUND NAME<br>INVESTMENT ADVISER/SUBADVISER** | **AVERAGE ANNUAL<br>TOTAL RETURNS** | **AVERAGE ANNUAL<br>TOTAL RETURNS** | **AVERAGE ANNUAL<br>TOTAL RETURNS** |
| **INVESTMENT OBJECTIVE** | **FUND NAME<br>INVESTMENT ADVISER/SUBADVISER** | **(AS OF 12/31/2025)** | **(AS OF 12/31/2025)** | **(AS OF 12/31/2025)** |
| **INVESTMENT OBJECTIVE** | **FUND NAME<br>INVESTMENT ADVISER/SUBADVISER** | **1 Year** | **5 Year** | **10 Year**  |
| Seeks moderate long term capital appreciation and as a secondary objective, current income. | **Venerable Moderate Appreciation Allocation Fund**<br>**Investment Adviser:** Venerable Investment Advisers, LLC<br>**Discretionary Sub-Adviser:** Russell Investment Management, LLC<br>A Fund of Funds. | **–\*** | **–\*** | **–\*** |
| Seeks to provide current income and long-term capital growth. | **Venerable Real Estate Fund**<br>**Investment Adviser:** Venerable Investment Advisers, LLC<br>**Discretionary Sub-Adviser:** Russell Investment Management, LLC<br>**Non-Discretionary Sub-Advisers:** Duff & Phelps Investment Management Co.<br>and Wellington Management Company LLP<br> **Class V**<br>**1.00%<sup>1</sup>** | **–\*** | **–\*** | **–\*** |
| Seeks to replicate the performance of a benchmark index that measures the investment return of small capitalization stocks as closely as possible before deduction of Fund expenses. | **Venerable Small Cap Index Fund**<br>**Investment Adviser:** Venerable Investment Advisers, LLC<br>**Discretionary Sub-Adviser:** Russell Investment Management, LLC<br> **Class V**<br>**0.68%<sup>1</sup>** | **–\*** | **–\*** | **–\*** |
| Seeks to maximize total return while investing to obtain the average duration specified in the Fund's prospectus. | **Venerable Strategic Bond Fund**<br>**Investment Adviser:** Venerable Investment Advisers, LLC<br>**Discretionary Sub-Adviser:** Franklin Advisers, Inc.<br> **Class V**<br>**0.80%<sup>1</sup>** | **6.87%** | **–\*** | **–\*** |

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| | | | | |
|:---|:---|:---|:---|:---|
| **INVESTMENT OBJECTIVE** | **FUND NAME<br>INVESTMENT ADVISER/SUBADVISER** | **AVERAGE ANNUAL<br>TOTAL RETURNS** | **AVERAGE ANNUAL<br>TOTAL RETURNS** | **AVERAGE ANNUAL<br>TOTAL RETURNS** |
| **INVESTMENT OBJECTIVE** | **FUND NAME<br>INVESTMENT ADVISER/SUBADVISER** | **(AS OF 12/31/2025)** | **(AS OF 12/31/2025)** | **(AS OF 12/31/2025)** |
| **INVESTMENT OBJECTIVE** | **FUND NAME<br>INVESTMENT ADVISER/SUBADVISER** | **1 Year** | **5 Year** | **10 Year**  |
| Seeks to provide long term capital growth. | **Venerable US Large Cap Strategic Equity Fund**<br>**Investment Adviser:** Venerable Investment Advisers, LLC<br>**Discretionary Sub-Adviser:** Russell Investment Management, LLC<br>**Non-Discretionary Sub-Advisers:** Brandywine Global Investment<br>Management, LLC, ClearBridge Investments, LLC, and Putnam<br>Investment Management, LLC | **16.25%** | **–\*** | **–\*** |
| Seeks to provide long term capital growth. | **Venerable US Small Cap Fund**<br>**Investment Adviser:** Venerable Investment Advisers, LLC<br>**Discretionary Sub-Adviser:** Franklin Advisers, Inc.<br>**Non-Discretionary Sub-Advisers:** Putnam Investment<br>Management, LLC and Royce Investment Partners<br> **Class V**<br>**0.85%<sup>1</sup>** | **–\*** | **–\*** | **–\*** |
| Seeks high long term capital appreciation. | **Venerable World Appreciation Allocation Fund**<br>**Investment Adviser:** Venerable Investment Advisers, LLC<br>**Discretionary Sub-Adviser:** Russell Investment Management, LLC<br>A Fund of Funds.<br> **Class V**<br>**1.00%<sup>1</sup>** | **–\*** | **–\*** | **–\*** |
| Seeks, over the long term, current income and a moderate level of total investment return. | **Venerable World Conservative Allocation Fund**<br>**Investment Adviser:** Venerable Investment Advisers, LLC<br>**Discretionary Sub-Adviser:** Russell Investment Management, LLC<br>A Fund of Funds.<br> **Class V**<br>**0.86%<sup>1</sup>** | –\* | –\* | **–\*** |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **INVESTMENT OBJECTIVE** | **FUND NAME<br>INVESTMENT ADVISER/SUBADVISER** | **CURRENT EXPENSES** | **AVERAGE ANNUAL<br>TOTAL RETURNS** | **AVERAGE ANNUAL<br>TOTAL RETURNS** | **AVERAGE ANNUAL<br>TOTAL RETURNS** |
| **INVESTMENT OBJECTIVE** | **FUND NAME<br>INVESTMENT ADVISER/SUBADVISER** | **CURRENT EXPENSES** | **(AS OF 12/31/2025)** | **(AS OF 12/31/2025)** | **(AS OF 12/31/2025)** |
| **INVESTMENT OBJECTIVE** | **FUND NAME<br>INVESTMENT ADVISER/SUBADVISER** | **CURRENT EXPENSES** | **1 Year** | **5 Year** | **10 Year**  |
| Seeks to provide long term capital growth | **Venerable World Equity Fund**<br>**Investment Adviser:** Venerable Investment Advisers, LLC<br>**Discretionary Sub-Adviser:** Russell Investment Management, LLC<br>**Non-Discretionary Sub-Advisers:** Intermede Global Partners Inc.,<br>Intermede Investments Partners Limited, Numeric Investors LLC,<br>Sanders Capital, LLC, and Wellington Management Company LLP | **Class V**<br>**0.85%<sup>1</sup>** | **–\*** | **–\*** | **–\*** |
| Seeks moderate long term capital appreciation and as a secondary objective, current income. | **Venerable World Moderate Allocation Fund**<br>**Investment Adviser:** Venerable Investment Advisers, LLC<br>**Discretionary Sub-Adviser:** Russell Investment Management, LLC<br>A Fund of Funds. | **Class V**<br>**1.00%<sup>1</sup>** | **–\*** | **–\*** | **–\*** |
| Seeks high level of current income consistent with the preservation of capital and liquidity. | **Voya Government Liquid Assets Portfolio**<br>**Investment Adviser:** Voya Investments, LLC<br>**Sub-Adviser:** Voya Investment Management Co. LLC | **Class S**<br>**0.53%** | **3.90%** | **2.93%** | **1.85%** |

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***Accepted Funds and Fixed Allocation Funds for Living Benefit Riders***<br>

**Accepted Funds.** Currently, the Accepted Funds are:

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| | |
|:---|:---|
| Venerable Appreciation Allocation Fund | Venerable Moderate Appreciation Allocation Fund |
| Venerable Conservative Allocation Fund | Venerable Moderate Allocation Fund |
| Venerable Conservative Appreciation Allocation Fund | Venerable World Moderate Allocation Fund |
| Voya Government Liquid Assets Portfolio |  |

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For MGIB, LifePay, Joint LifePay, LifePay Plus and Joint LifePay Plus riders purchased before January 12, 2009; the following are additional Accepted Funds:

Venerable World Appreciation Allocation Fund

Currently, the Accepted Funds for the Income Optimizer are:

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| | |
|:---|:---|
| Venerable Appreciation Allocation Fund | Venerable Moderate Allocation Fund |
| Venerable Conservative Allocation Fund | Venerable Moderate Appreciation Allocation Fund |
| Venerable Conservative Appreciation Allocation Fund | Venerable World Moderate Allocation Fund |
| Voya Government Liquid Assets Portfolio |  |

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**Fixed Allocation Funds.** Currently, the Fixed Allocation Funds are:

<u>Venerable Bond Index Fund</u> <u>Venerable Inflation Focused Fund</u> <br> Venerable Strategic Bond Fund

**See *"OPTIONAL LIVING BENEFIT RIDERS"* in the prospectus for more information.**

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***HOW TO GET MORE INFORMATION***<br>

This summary prospectus incorporates by reference the full Architect® Variable Annuity Contract prospectus and Statement of Additional Information ("SAI"), both dated May 1, 2026, as amended and supplemented. The full Architect<sup>®</sup> prospectus and SAI can be found online at https://docs.venerable.com/#/landing?prod=449817758&doctype=spros.

You can also obtain this information at no cost by calling 1-800-366-0066 or by sending an email request to smb-usa-mailbox@venerable.com.

Architect®, Contract I.D. C000034749 May 1, 2026