# EDGAR Filing Document

**Accession Number:** 0001826404
**File Stem:** 0001104659-26-047757
**Filing Date:** 2026-4
**Character Count:** 51263
**Document Hash:** 232c8fae291916fb087eb3f4bef7a866
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-047757.hdr.sgml**: 20260423

**ACCESSION NUMBER**: 0001104659-26-047757

**CONFORMED SUBMISSION TYPE**: 497VPU

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260423

**DATE AS OF CHANGE**: 20260423

**EFFECTIVENESS DATE**: 20260423

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Protective NY COLI VUL
- **CENTRAL INDEX KEY:** 0001826404

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** AL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497VPU
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-257081
- **FILM NUMBER:** 26889219

**BUSINESS ADDRESS:**
- **STREET 1:** 2801 HIGHWAY 280 S
- **CITY:** BIRMINGHAM
- **STATE:** AL
- **ZIP:** 35223
- **BUSINESS PHONE:** 205-268-3109

**MAIL ADDRESS:**
- **STREET 1:** 2801 HIGHWAY 280 S
- **CITY:** BIRMINGHAM
- **STATE:** AL
- **ZIP:** 35223

## Series and Classes Contracts Data

### Protective NY COLI VUL (Series ID: S000072869)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000229537 | Protective Executive Benefits Registered VUL NY |  |

[**TABLE OF CONTENTS**](#TOC)

#### UPDATING SUMMARY PROSPECTUS FOR EXISTING INVESTORS

#### May 1, 2026

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|:---|:---|
| ***Protective Executive Benefits Registered VUL NY <br>A Flexible Premium Variable Universal Life Insurance Policy***  | *Issued by <br>**Protective Life and** <br>**Annuity Insurance Company**<br>Administrative Office: <br>2801 Highway 280 South <br>Birmingham, Alabama 35223*  |

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This Updating Summary Prospectus summarizes key features of Protective Executive Benefits Registered VUL NY, a flexible premium variable universal life insurance policy ("Policy"). You should read this Updating Summary Prospectus carefully, particularly the section titled Important Information You Should Consider About the Policy.

The Prospectus for the Protective Executive Benefits Registered VUL NY contains more information about the Policy, including its features, benefits, and risks. You can find the Prospectus and other information about the Policy online at www.protective.com/productprospectus. You can also obtain this information at no cost by calling 1-800-265-1545 or by sending an email request to prospectus@protective.com.

Additional general information about certain investment products, including variable life insurance, has been prepared by the U.S. Securities and Exchange Commission's ("SEC") staff and is available at Investor.gov.

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**TABLE OF CONTENTS**

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| | |
|:---|:---|
| [SPECIAL TERMS](#idSPECIALTERM26311)  | [3](#idSPECIALTERM26311)  |
| [UPDATED INFORMATION ABOUT YOUR POLICY](#idUPDATEDINFO4293)  | [6](#idUPDATEDINFO4293)  |
|  [IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE PROTECTIVE EXECUTIVE BENEFITS REGISTERED VUL NY POLICY](#idIMPORTANTIN15183)  | [6](#idIMPORTANTIN15183)  |

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[APPENDIX: FUNDS AVAILABLE UNDER YOUR POLICY](#id97899)<sub>9</sub>

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#### SPECIAL TERMS
**"We", "us", "our", "Protective Life", and "Company"** Refer to Protective Life and Annuity Insurance Company. "You", "your" and "Owner" refer to the person(s) who have been issued a Policy.

**Attained Age** The Insured's age as of the nearest birthday on the Policy Effective Date, plus the number of complete Policy Years since the Policy Effective Date.

**Base Policy Face Amount** The amount of life insurance coverage identified as the Base Policy Face Amount on the Policy Schedule.

**Beneficiary** The person, persons or entity whom the Owner designates to receive the proceeds of the Policy upon the death of the Insured. The Owner may designate a primary Beneficiary or Beneficiaries, as well as a contingent Beneficiary or Beneficiaries to receive the proceeds if there is no primary Beneficiary(ies) living at the time of the Insured's death. A Beneficiary may also be designated as irrevocable which may limit the Owner's ability to alter that designation or make future Policy changes.

**Cancellation Period** Period described in the "Cancellation Period" provision during which the Owner may exercise the right to cancel and return the Policy for a refund. The Cancellation Period is referred to as the "Right to Cancel" or "Free-Look Period" in the Policy.

**Cash Surrender Value** Calculated on the effective date of the surrender is equal to (a) Cash Value; less (b) Policy Debt.

**Cash Value** Policy Value plus any applicable Return of Expense Charge Benefit.

**Death Benefit** The amount of insurance provided under the Policy used to determine the Death Benefit Proceeds.

**Death Benefit Option** One of two options that an Owner may select for the computation of Death Benefit Proceeds, Total Face Amount (Option 1, Level), or Total Face Amount Plus Policy Value (Option 2, Increasing).

**Death Benefit Proceeds** The amount payable to the Beneficiary if the Insured dies while the Policy is in force. It is equal to the Death Benefit plus any Death Benefit under any rider or endorsement to the Policy less (1) any Policy Debt (2) any liens and (3) less any unpaid Monthly Deductions if the Insured dies during a grace period.

**Due Proof of Death** Receipt at our Home Office of a certified death certificate or judicial order from a court of competent jurisdiction or similar tribunal.

**Evidence of Insurability** Information about an Insured which is used to approve or reinstate this Policy or any additional benefit.

**Fixed Account** Part of Protective Life's General Account to or from which Policy Value may be transferred and into which Net Premiums may be allocated under a Policy.

**Fixed Account Value** The Policy Value in the Fixed Account.

**Fund** An underlying mutual fund in which a Sub-Account invests. Each Fund is an investment company registered with the SEC or a separate investment series of a registered investment company.

**General Account** All of the Company's assets other than those allocated to the Variable Account or any other separate account. The Company has complete ownership and control of the assets in the General Account.

**Good Order** A Request or transaction generally is considered in "Good Order" if we receive it at our Home Office within the time limits, if any, we prescribe for a particular transaction or instruction, it includes all information necessary for us to execute the requested instruction or transaction, and is signed by the individual or individuals authorized to provide the instruction or engage in the transaction. 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 or Internet as described above) along with all forms, information and supporting legal documentation we require to affect the instruction or transaction. This information and documentation generally includes, to the extent applicable: the completed application or instruction form; Evidence of Insurability; your Policy number; the transaction amount (in dollars or percentage terms); the names and allocations to and/or from the Funds affected by the requested transaction; the signatures of the Policy Owner (exactly as indicated on the Policy), if necessary; Social Security Number or Tax I.D.; and any other information or supporting documentation that we may require, including any consents. With respect to premium payments, Good Order also generally includes receipt by us of sufficient funds to affect the purchase. We may, in our sole discretion, determine whether any particular

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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 questions, you should contact us or your financial professional before submitting the form or Request.

**Home Office** 2801 Highway 280 South, Birmingham, Alabama 35223. The mailing address for the Home Office is P.O. Box 292 Birmingham, AL 35201-0292. The Home Office is referred to as the "Administrative Office" in the Policy.

**Insured** The person whose life is covered by the Policy.

**Issue Age** The Insured's age as of the nearest birthday on the Policy Effective Date.

**Issue Date** The date the Policy is issued.

**Lapse** Termination of the Policy at the expiration of the grace period while the Insured is still living.

**Loan Account** An account within Protective Life's General Account to which Fixed Account Value and/or Variable Account Value plus interest credited on the portion of the Policy Value being used as collateral for the outstanding Policy loans is transferred as collateral for Policy loans.

**Loan Account Value** The Policy Value in the Loan Account.

**Loan Interest Credit Spread** An amount deducted from the loan interest rate to cover the costs the Company incurs by providing the loaned cash value. The maximum Loan Interest Credit Spread is 1.5% and is shown on the Policy Schedule and in the table of Periodic Charges Other Than Fund Operating Expenses.

**Money Market Sub-Account** A Sub-Account that invests in the Fidelity® VIP Government Money Market Portfolio which seeks a high level of current income as is consistent with the preservation of capital and liquidity and investing in short term, high quality, liquid debt and monetary instruments.

**Monthly Anniversary Day** The same day in each month as the Policy Effective Date.

**Monthly Deduction** The fees and charges deducted monthly from the Fixed Account Value and/or Variable Account Value as described on the Policy Schedule.

**Net Amount at Risk** The Net Amount at Risk as of any Monthly Anniversary Day is equal to: (a) the Death Benefit discounted at one plus the monthly guaranteed interest rate minus the Policy Value (prior to deducting the Cost of Insurance), if the Death Benefit Option is Death Benefit Option1 (Level Death); or, (b) the Death Benefit minus the Policy Value discounted at one plus the monthly guaranteed interest rate, if the Death Benefit Option is Death Benefit Option 2 (Coverage Plus).

**Net Premium** A premium payment minus the applicable premium expense charges.

**Owner** The person, or persons, or entity entitled to all rights in this Policy while the Insured is living including designation as a Beneficiary. These rights are subject to any assignment and to the rights of any irrevocable Beneficiary. The Owner may name a contingent Owner who will own this Policy if the Owner dies while this Policy is in force. If the Owner dies before the Insured, any contingent Owner named in the application, or subsequent endorsement, will become the new Owner. If no contingent Owner is named, the Owner's estate becomes the new Owner. The Owner may change the Owner (including a contingent Owner) by Written Notice.

**Policy Anniversary** The same day and month in each Policy Year as the Policy Effective Date.

**Policy Debt** The sum of all outstanding Policy loans plus accrued interest.

**Policy Effective Date** The date shown in the Policy as of which coverage under the Policy begins.

**Policy Month** The Policy Month begins on a Monthly Anniversary Day and ends on the day prior to the next Monthly Anniversary Day.

**Policy Schedule** The Policy Schedule summarizes information specific to your Policy at the time the Policy is issued.

**Policy Value** The sum of the Variable Account Value, the Fixed Account Value, and the Loan Account Value.

**Policy Year** Each period of twelve months commencing with the Policy Effective Date and each Policy Anniversary thereafter.

**Return of Expense Charge Benefit** Where applicable, the Company will calculate and return a percentage of the expense charge. The Return of Expense Charge Benefit calculation is based on a percentage of the Policy Value, and is only payable upon a complete surrender of the Policy. Refer to the "Return of Expense Charge Benefit" provision in the Policy for the percentage and duration of the Return of Expense Charge Benefit and any limitations and requirements.

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**Request** Any written, telephoned, electronic or computerized instruction in a form satisfactory to the Company and received at the Home or Administrative Office from the Owner or an assignee of record, as specified in a form acceptable to the Company and which may be required in writing, or the Beneficiary (as applicable) as required by any provision of the Policy or as required by the Company. In addition, subject to the Company's administrative requirements as they may exist from time to time and to any requirements that may be imposed by the Funds or other investments, the Company reserves the right to require advance Written Notice from the Owner.

**Sub-Account** A separate division of the Variable Account established to invest in a particular Fund.

**Sub-Account Value** The sum of the values of the Sub-Accounts credited to the Owner as Policy Value.

**Total Face Amount** Total Face Amount is the sum of the Base Policy Face Amount (life insurance coverage) as shown on the Policy Schedule plus any endorsements or riders attached to the Policy that provided additional life insurance coverage on the Insured, if applicable, as shown on the Policy Schedule. If no additional endorsement or riders attach to the Policy, then the Total Face Amount and Base Policy Face Amount will be the same. The minimum Total Face Amount permitted under the Policy is $100,000.

**Valuation Date** The date on which the net asset value of each Fund is determined. A Valuation Date is each day that the New York Stock Exchange is open for regular business. The value of a Sub-Account's assets is determined at the end of each Valuation Date. To determine the value of an asset on a day that is not a Valuation Date, the value of that asset as of the end of the previous Valuation Date will be used.

**Valuation Period** The period commencing with the close of regular trading on the New York Stock Exchange on any Valuation Date and ending at the close of regular trading on the New York Stock Exchange on the next succeeding Valuation Date.

**Variable Account** Protective NY COLI VUL separate account, a separate investment account of Protective Life to and from which Policy Value may be transferred and into which Net Premiums may be allocated.

**Variable Account Value** The sum of all Sub-Account Values.

**Written Notice** A notice or Request submitted in writing in a form satisfactory to Protective Life and received at the Home Office via U.S. postal service or nationally recognized overnight delivery service.

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#### UPDATED INFORMATION ABOUT YOUR POLICY
The information in this section of the Updating Summary Prospectus is a summary of certain Policy features that have changed since the Prospectus dated May 1, 2025. This may not reflect all of the changes that have occurred since you entered into your Policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Victory RS Small Cap Growth Equity VIP Series was liquidated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The American Funds Insurance Series<sup>®</sup> Target Date Retirement Funds were added as available investment options.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Sub-Accounts investing in the Empower Lifetime Funds were closed to new investors May 1, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Sub-Account investing in the Invesco<sup>®</sup> V.I. Global Real Estate Fund was closed to new investors May 1, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Neuberger Berman AMT Sustainable Equity Portfolio changed its name to the Neuberger Berman AMT Quality Equity Portfolio.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Invesco Asset Management Limited was removed as the sub-adviser for the Invesco<sup>®</sup> V.I. Global Real Estate Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Putnam VT Research Fund changed its name to the Putnam VT U.S. Research Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The American Funds Insurance Series<sup>®</sup> - Global Small Capitalization Fund changed its name to the American Funds Insurance Series<sup>®</sup> – SMALLCAP World Fund<sup>®</sup>. The American Funds Insurance Series<sup>®</sup> International Fund changed its name to the American Funds Insurance Series<sup>®</sup> – EUPAC Fund<sup>™</sup>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; For updated Fund performance and fee information please see the FUND APPENDIX.

#### IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE PROTECTIVE EXECUTIVE BENEFITS REGISTERED VUL NY POLICY

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| | |
|:---|:---|
| **FEES AND EXPENSES** | **FEES AND EXPENSES** |
| **Charges for Early Withdrawals** | There is no surrender charge associated with your Policy. A partial withdrawal fee of $25 will be deducted from Policy Value for all partial withdrawals after the first made in the same Policy Year.<br> For additional information about charges for surrenders and early withdrawals, see "FEE TABLE" and "CHARGES AND DEDUCTIONS" in the Prospectus. |
| **Transaction Charges** | You will also be charged for other transactions, including Premium Expense Charge (consisting of the Sales Load and Premium Tax) and Transfer Fees.<br> For additional information about transaction charges, see "FEE TABLE — Transaction Fees" in the Prospectus. |
| **Ongoing Fees and Expenses (annual charges)** | In addition to transaction charges, you are also subject to certain ongoing fees and expenses under the Policy, including fees and expenses covering the cost of insurance ("COI") under the Policy and the cost of optional benefits available under the Policy. Such fees and expenses are set based on characteristics of the insured (e.g., age, sex, and rating classification). You should review the Policy Schedule for rates applicable to the Policy. For additional information on ongoing fees and expenses, see "FEE TABLE" in this Prospectus and "FUND APPENDIX - FUNDS AVAILABLE UNDER THE POLICY", which is part of the Prospectus.<br> You will also bear expenses associated with the Funds available under the Policy, as shown in the following table: |

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| | | |
|:---|:---|:---|
| **Annual Fee**  | **Minimum**  | **Maximum**  |
| Investment Options (Portfolio fees and expenses) | 0.09% | 3.38% |

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|:---|:---|
| **RISKS** | **RISKS** |
| **Risk of Loss** | You can lose money by purchasing the Policy.<br> For additional information about the risk of loss, see "PRINCIPAL RISKS OF INVESTING IN THE POLICY" in the Prospectus. |

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|:---|:---|
| **RISKS** | **RISKS** |
| **Not a Short-Term Investment** | The Policy is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Before purchasing a Policy for a specialized purpose, you should consider whether the long-term nature of the Policy is consistent with the purpose for which it is being considered.<br> For additional information about the investment profile of the Policy, see "PRINCIPAL RISKS OF INVESTING IN THE POLICY" in the Prospectus. |
| **Risks Associated with Investment Options** | An investment in the Policy is subject to the risk of poor investment performance and can vary depending on the performance of the investment options, or Funds, available under the Policy. Each Fund (including any fixed account investment option) will have its own unique risks, and investors should review these investment options before making an investment decision.<br> For additional information about the risks associated with Investment Options, see "PRINCIPAL RISKS OF INVESTING IN THE POLICY", and "THE VARIABLE ACCOUNT AND THE FUNDS" in the Prospectus and "FUND APPENDIX — FUNDS AVAILABLE UNDER THE POLICY" which is part of this Updating Summary Prospectus. |
| **Insurance Company Risks** | An investment in the Policy is subject to the risks related to the depositor, Protective Life, including that any obligations (including under any fixed account investment options), guarantees, or benefits are subject to the claims-paying ability of the depositor. More information about the depositor including its financial strength ratings is available upon request by calling toll-free 1-888-353-2654.<br> For additional information about Company risks, see "PRINCIPAL RISKS OF INVESTING IN THE POLICY" and "THE COMPANY AND THE FIXED ACCOUNT" in the Prospectus. |
| **Contract Lapse** | Your Policy could terminate if the value of your Policy becomes too low to support the Policy's monthly charges. Your Policy may also Lapse due to insufficient Premium payments, withdrawals, unpaid loans or loan interest.<br> There is a cost associated with reinstating a Lapsed Policy. Death benefits will not be paid if the Policy has Lapsed.<br> For additional information about Company risks, see "LAPSE AND REINSTATEMENT", "PRINCIPAL RISKS OF INVESTING IN THE POLICY", "POLICY LOANS" and "PREMIUMS" in the Prospectus. |

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|:---|:---|
| **RESTRICTIONS** | **RESTRICTIONS** |
| **Investment Options** | While you may transfer amounts in the Sub-Accounts (which invest in shares of a corresponding Fund) and the Fixed Account, certain restrictions and transfer fees apply with regard to the number and amount of such transfers. Transfers are also subject to the excessive trading and market timing policies described in the Prospectus.<br> We reserve the right to remove or substitute Funds as investment options.<br> For additional information about Investment Options, see "TRANSFERS" and "TRANSFERS – Reservation of Rights" in the Prospectus. |
| **Optional Benefits** | Optional benefits are subject to additional charges and are available only at the time your Policy is issued and may not be available for all Owners or Insureds.<br> For additional information about the optional benefits, see "OPTIONAL BENEFITS UNDER THE POLICY" in the Prospectus. |

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|:---|:---|
| **TAXES** | **TAXES** |
| **Tax Implications** | You should consult with a tax professional to determine the tax implications regarding the purchase, ownership, and use of a Policy (such as in connection with a plan involving covered employees). Withdrawals and surrenders may be subject to income tax and will be taxed at ordinary rates. In addition, withdrawals and surrenders may be subject to an additional tax depending on the circumstances. There is no additional tax benefit if the Policy is purchased through a tax-qualified plan. Purchases through individual retirement accounts (IRAs) are not permitted under the Internal Revenue Code of 1986, as amended (the "Code").<br> For additional information about tax implications, see "TAX CONSIDERATIONS" in the Prospectus. |

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|:---|:---|
| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** |
| **Investment Professional Compensation** | Some investment professionals have and may continue to receive compensation for selling the Policy, which may include commissions, revenue sharing, compensation from affiliates and third parties. These investment professionals may have a financial incentive to offer or recommend the Policy over another investment. <br> For additional information about compensation, see "SALE OF THE POLICIES" in the Prospectus. |
| **Exchanges** | Some investment professionals may have a financial incentive to offer an Owner a new policy in place of the one he or she already owns. You should only exchange your Policy if you determine, after comparing the features, fees, and risks of both policies, that it is preferable for you to purchase the new policy rather than continue to own the existing Policy.<br> For additional information about exchanges, see "USE OF THE POLICY — Replacement of Life Insurance or Annuities" in the Prospectus. |

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#### APPENDIX: FUNDS AVAILABLE UNDER THE POLICY
The following is a list of Funds available under the Policy. 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 www.protective.com/eprospectus. You can also request this information at no cost by calling 1-800-265-1545 or by sending an email request to prospectus@protective.com.

The current expenses and performance information below reflects fees and expenses of the Funds, but do not reflect the other fees and expenses that your Policy 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.

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| | | | | |
|:---|:---|:---|:---|:---|
| **Asset<br>Allocation <br>Type** | **Current <br>Expenses** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |
| **Asset<br>Allocation <br>Type** | **Current <br>Expenses** | **1 Year**  | **5 Year**  | **10 Year**  |
| Taxable Bond<br> American Funds Insurance Series<sup>®</sup> Capital World Bond Fund<sup>®</sup> - Class 2 - Capital Research and Management Company | 0.73% | 9.39% | -2.50% | 1.23% |
| International <br>Equity<br> American Funds Insurance Series<sup>®</sup> Capital World Growth and Income Fund<sup>®</sup> - Class 2 - Capital Research and Management Company <sup>(1)</sup> | 0.66% | 24.80% | 10.29% | 11.02% |
| International <br>Equity<br> American Funds Insurance Series<sup>®</sup> EUPAC Fund<sup>TM</sup> - Class 2 - Capital Research and Management Company (formerly, American Funds Insurance Series<sup>®</sup> International Fund - Class 2)  | 0.72% | 26.77% | 3.40% | 7.00% |
| U.S. Equity<br> American Funds Insurance Series<sup>®</sup> Growth Fund - Class 2 - Capital Research and Management Company | 0.58% | 20.24% | 13.37% | 17.97% |
| U.S. Equity<br> American Funds Insurance Series<sup>®</sup> Growth-Income Fund - Class 2 - Capital Research and Management Company | 0.53% | 18.06% | 13.90% | 13.92% |
| International <br>Equity<br> American Funds Insurance Series<sup>®</sup> New World <br>Fund<sup>®</sup> - Class 2 - Capital Research and Management Company <sup>(1)</sup> | 0.82% | 28.29% | 5.33% | 9.25% |
| International <br>Equity<br> American Funds Insurance Series<sup>®</sup> SMALLCAP World Fund<sup>®</sup> - Class 2 - Capital Research and Management Company (formerly, American Funds Insurance Series<sup>®</sup> Global Small Capitalization Fund - Class 2) <sup>(1)</sup> | 0.90% | 14.64% | 0.49% | 7.23% |
| U.S. Equity<br> American Funds Insurance Series<sup>®</sup> Washington Mutual Investors Fund℠ - Class 2 - Capital Research and Management Company <sup>(1)</sup> | 0.50% | 17.21% | 13.89% | 12.36% |
| Allocation<br> American Funds Insurance Series<sup>®</sup> 2030 Target Date Retirement Fund - Class 4 - Capital Research and Management Company | 0.84% | 15.62% | 6.81% |  |
| Allocation<br> American Funds Insurance Series<sup>®</sup> 2035 Target Date Retirement Fund - Class 4 - Capital Research and Management Company  | 0.89% | 17.13% | 7.91% |  |
| Allocation<br> American Funds Insurance Series<sup>®</sup> 2040 Target Date Retirement Fund - Class 4 - Capital Research and Management Company | 0.88% | 20.10% |  |  |
| Allocation<br> American Funds Insurance Series<sup>®</sup> 2045 Target Date Retirement Fund - Class 4 - Capital Research and Management Company | 0.92% | 21.63% |  |  |
| Allocation<br> American Funds Insurance Series<sup>®</sup> 2050 Target Date Retirement Fund - Class 4 - Capital Research and Management Company | 0.92% | 21.94% |  |  |
| Allocation<br> American Funds Insurance Series<sup>®</sup> 2055 Target Date Retirement Fund - Class 4 - Capital Research and Management Company | 0.93% | 22.28% |  |  |
| Allocation<br> American Funds Insurance Series<sup>®</sup> 2060 Target Date Retirement Fund - Class 4 - Capital Research and Management Company | 0.91% | 20.90% |  |  |
| Allocation<br> American Funds Insurance Series<sup>®</sup> 2065 Target Date Retirement Fund - Class 4 - Capital Research and Management Company | 0.94% | 20.61% |  |  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Asset<br>Allocation <br>Type** |  ***Portfolio Company Investment Adviser; <br>SubAdviser(s), as applicable*** | **Current <br>Expenses** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |
| **Asset<br>Allocation <br>Type** |  ***Portfolio Company Investment Adviser; <br>SubAdviser(s), as applicable*** | **Current <br>Expenses** | **1 Year**  | **5 Year**  | **10 Year**  |
| Allocation | American Funds Insurance Series<sup>®</sup> 2070 Target Date Retirement Fund - Class 4 - Capital Research and Management Company | 0.92% | 20.45% |  |  |
| Allocation | BlackRock Global Allocation V.I. Fund - Class I <sup>(1)</sup> | 0.76% | 19.80% | 5.79% | 7.59% |
| Taxable Bond | BlackRock High Yield V.I. Fund - Class I (1) | 0.54% | 9.19% | 4.79% | 6.31% |
| Allocation | BlackRock 60/40 Target Allocation ETF V.I. Fund - Class I <sup>(1)</sup> | 0.33% | 15.68% | 7.33% | 8.74% |
| U.S. Equity | BNY Mellon Stock Index Fund, Inc. - Initial Shares | 0.27% | 17.53% | 14.11% | 14.52% |
| U.S. Equity | ClearBridge Variable Mid Cap Portfolio - Class I - Franklin Templeton Fund Adviser, LLC  | 0.82% | 4.35% | 4.50% | 7.50% |
| U.S. Equity | ClearBridge Variable Small Cap Growth Portfolio - Class I - Franklin Templeton Fund Adviser, LLC  | 0.81% | 9.23% | -0.17% | 9.38% |
| Sector Equity | Davis Financial Portfolio | 0.75% | 29.12% | 18.13% | 12.92% |
| Taxable Bond | Dimensional VIT Inflation-Protected Securities Portfolio - Institutional Class  | 0.11% | 7.55% | 1.05% | 3.12% |
| U.S. Equity | DWS Core Equity VIP - Class A | 0.59% | 16.83% | 13.27% | 13.53% |
| Taxable Bond | DWS High Income VIP - Class A <sup>(1)</sup> | 0.71% | 8.94% | 4.25% | 6.00% |
| U.S. Equity | *DWS Small Cap Index VIP - Class A - Northern Trust Investments, Inc.<sup>(1)</sup>* | 0.37% | 12.64% | 5.84% | 9.33% |
| Taxable Bond | Eaton Vance VT Floating-Rate Income Fund - Initial Class | 1.19% | 3.95% | 4.64% | 4.43% |
| Allocation | Empower Aggressive Profile Fund - Investor Class | 1.13% | 17.42% | 9.27% | 10.20% |
| Taxable Bond | Empower Bond Index Fund - Investor Class - *Franklin Advisers, Inc. and Franklin Advisory Services, LLC* | 0.49% | 6.62% | -1.00% | 1.43% |
| Allocation | Empower Conservative Profile Fund - Investor Class <br> &nbsp;&nbsp;&nbsp;&nbsp;(1) | 0.76% | 8.19% | 3.35% | 4.63% |
| Taxable Bond | *Empower Core Bond Fund - Investor Class - Goldman Sachs Asset Management, L.P.; Wellington Management Company LLP<sup>(1)</sup>* | 0.70% | 6.75% | -0.68% | 2.05% |
| International <br>Equity | Empower Emerging Markets Equity Fund - Investor Class - *Goldman Sachs Asset Management, L.P.; Lazard Asset Management LLC*<sup>(1)</sup> | 1.26% | 32.78% | 3.49% |  |
| Taxable Bond | Empower Inflation-Protected Securities Fund - Investor Class - *Goldman Sachs Asset Management, L.P.* <sup>(1)</sup> | 0.70% | 6.75% | 1.87% |  |
| International <br>Equity | *Empower International Index Fund - Investor Class - Irish Life Investment Managers Limited* | 0.58% | 30.92% | 8.38% | 7.73% |
| International <br>Equity | *Empower International Value Fund - Investor Class - LSV Asset Management; Massachusetts Financial Services Company <sup>(1)</sup>* | 1.07% | 39.10% | 10.23% | 9.23% |
| U.S. Equity | *Empower Large Cap Growth Fund - Investor Class - Victory Capital Management, Inc.; JPMorgan Investment Management Inc.<sup>(1)</sup>* | 0.98% | 13.98% | 12.14% | 16.21% |
| Allocation | Empower Lifetime 2015 Fund - Investor Class <sup>(1)</sup> <sup>(4)</sup>  | 0.74% | 10.14% | 4.24% | 6.01% |
| Allocation | Empower Lifetime 2020 Fund - Investor Class <sup>(1)</sup> <sup>(4)</sup>  | 0.76% | 10.69% | 4.53% |  |
| Allocation | Empower Lifetime 2025 Fund - Investor Class <sup>(1)</sup> <sup>(4)</sup>  | 0.79% | 11.70% | 4.96% | 6.98% |
| Allocation | Empower Lifetime 2030 Fund - Investor Class <sup>(1)</sup> <sup>(4)</sup>  | 0.81% | 12.97% | 5.63% |  |
| Allocation | Empower Lifetime 2035 Fund - Investor Class <sup>(1)</sup> <sup>(4)</sup>  | 0.83% | 14.35% | 6.46% | 8.45% |
| Allocation | Empower Lifetime 2040 Fund - Investor Class <sup>(1)</sup> <sup>(4)</sup>  | 0.85% | 15.68% | 7.28% |  |
| Allocation | Empower Lifetime 2045 Fund - Investor Class <sup>(4)</sup> | 0.88% | 16.71% | 7.82% | 9.47% |
| Allocation | Empower Lifetime 2050 Fund - Investor Class <sup>(4)</sup> | 0.88% | 17.26% | 8.03% |  |
| Allocation | Empower Lifetime 2055 Fund - Investor Class <sup>(4)</sup> | 0.88% | 17.71% | 8.05% | 9.58% |
| Allocation | Empower Lifetime 2060 Fund - Investor Class <sup>(4)</sup> | 0.88% | 17.97% | 8.01% |  |
| Allocation | Empower Lifetime 2065 Fund - Investor Class <sup>(4)</sup> | 0.88% |  |  |  |
| U.S. Equity | Empower Mid Cap Value Fund - Investor Class - *Goldman Sachs Asset Management, L.P.* <sup>(1)</sup> | 1.05% | 8.32% | 10.63% | 9.40% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Asset<br>Allocation <br>Type** |  ***Portfolio Company Investment Adviser; <br>SubAdviser(s), as applicable*** | **Current <br>Expenses** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |
| **Asset<br>Allocation <br>Type** |  ***Portfolio Company Investment Adviser; <br>SubAdviser(s), as applicable*** | **Current <br>Expenses** | **1 Year**  | **5 Year**  | **10 Year**  |
| Allocation | Empower Moderate Profile Fund - Investor Class <sup>(1)</sup> | 0.90% | 11.96% | 5.91% | 7.17% |
| Allocation | Empower Moderately Aggressive Profile Fund - Investor Class <sup>(1)</sup> | 1.13% | 13.79% | 7.01% | 8.20% |
| Allocation | Empower Moderately Conservative Profile Fund - Investor Class <sup>(1)</sup> | 0.81% | 10.03% | 4.61% | 5.87% |
| Taxable Bond | Empower Multi-Sector Bond Fund - Investor Class - *Loomis, Sayles & Company, L.P.; Virtus Fixed Income Advisers, LLC* <sup>(1)</sup> | 0.90% | 7.98% | 1.83% | 4.35% |
| *Sector Equity*  | *Empower Real Estate Index Fund - Investor Class - Irish Life Investment Managers Limited <sup>(1)</sup>*  | *0.65%*  | *3.16%*  | *5.95%*  | *4.13%*  |
| U.S. Equity | *Empower S&P Mid Cap 400<sup>®</sup> Index Fund - Investor Class - Irish Life Investment Managers Limited* | 0.54% | 6.94% | 8.49% | 10.10% |
| U.S. Equity | *Empower S&P SmallCap 600<sup>®</sup> Index Fund - Investor Class - Irish Life Investment Managers Limited <sup>(1)</sup>* | 0.56% | 5.55% | 6.70% | 9.24% |
| Taxable Bond | Empower Short Duration Bond Fund - Investor Class - *Franklin Advisers, Inc.* <sup>(1)</sup> | 0.60% | 5.29% | 2.11% | 2.48% |
| U.S. Equity | Empower Small Cap Growth Fund - Investor Class - *Lord, Abbett & Co. LLC; Peregrine Capital Management, LLC* <sup>(1)</sup> | 1.19% | 7.81% | 3.21% | 9.88% |
| U.S. Equity | Empower Small Cap Value Fund - Investor Class - *Hotchkis & Wiley Capital Management, LLC; Loomis, Sayles & Company, L.P.* <sup>(1)</sup> | 1.09% | 4.08% | 9.30% | 8.79% |
| U.S. Equity | Empower T. Rowe Price Mid Cap Growth Fund - Investor Class  | 1.02% | 2.99% | 3.61% | 9.64% |
| Taxable Bond | Empower U.S. Government Securities Fund - Investor Class <sup>(1)</sup> | 0.60% | 6.60% | -0.71% | 1.20% |
| Taxable Bond | Federated Hermes High Income Bond Fund II - Primary Class <sup>(1)</sup> | 0.81% | 8.23% | 3.70% | 5.59% |
| International <br>Equity | Fidelity<sup>®</sup> VIP Emerging Markets Portfolio - Service Class 2 - FMR Investment Management (U.K.) Limited; *Fidelity Management & Research (Japan) Limited; FIL Investment Advisors; FIL Investment Advisors (UK) Ltd; Fidelity Management & Research (HK) Ltd* | 1.12% | 40.79% | 5.62% | 10.66% |
| U.S. Equity | Fidelity<sup>®</sup> VIP Extended Market Index Portfolio - Service Class 2 - *Geode Capital Management, LLC* | 0.37% | 12.03% | 7.75% |  |
| Allocation | Fidelity<sup>®</sup> VIP Freedom Funds - Freedom 2025 Portfolio℠ - Service Class 2 | 0.71% | 14.23% | 5.25% | 7.75% |
| Allocation | Fidelity<sup>®</sup> VIP Freedom Funds - Freedom 2030 Portfolio℠ - Service Class 2 | 0.74% | 15.16% | 5.98% | 8.61% |
| Allocation | Fidelity<sup>®</sup> VIP Freedom Funds - Freedom 2035 Portfolio℠ - Service Class 2 | 0.78% | 16.42% | 7.28% | 9.72% |
| Allocation | Fidelity<sup>®</sup> VIP Freedom Funds - Freedom 2040 Portfolio℠ - Service Class 2 | 0.82% | 18.44% | 8.73% | 10.59% |
| Allocation | Fidelity<sup>®</sup> VIP Freedom Funds - Freedom 2045 Portfolio℠ - Service Class 2 | 0.85% | 19.53% | 9.16% | 10.82% |
| Allocation | Fidelity<sup>®</sup> VIP Freedom Funds - Freedom 2050 Portfolio℠ - Service Class 2 | 0.85% | 19.50% | 9.15% | 10.81% |
| Allocation | Fidelity<sup>®</sup> VIP Freedom Funds - Freedom 2055 Portfolio℠ - Service Class 2 | 0.85% | 19.53% | 9.16% |  |
| Allocation | Fidelity<sup>®</sup> VIP Freedom Funds - Freedom 2060 Portfolio℠ - Service Class 2 | 0.85% | 19.53% | 9.17% |  |
| Allocation | Fidelity<sup>®</sup> VIP Freedom Funds - Freedom 2065 Portfolio℠ - Service Class 2 | 0.85% | 19.52% | 9.16% |  |
| Allocation | Fidelity<sup>®</sup> VIP Freedom Funds - Freedom 2070 Portfolio℠ - Service Class 2 | 0.85% | 19.59% |  |  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Asset<br>Allocation <br>Type** |  ***Portfolio Company Investment Adviser; <br>SubAdviser(s), as applicable*** | **Current <br>Expenses** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |
| **Asset<br>Allocation <br>Type** |  ***Portfolio Company Investment Adviser; <br>SubAdviser(s), as applicable*** | **Current <br>Expenses** | **1 Year**  | **5 Year**  | **10 Year**  |
| Money Market | Fidelity<sup>®</sup> VIP Government Money Market Portfolio - Service Class 2 - FMR Investment Management (U.K.) Limited; *Fidelity Management & Research (Japan) Limited; Fidelity Management & Research (HK) Ltd* | 0.50% | 3.86% | 2.90% | 1.83% |
| U.S. Equity | Fidelity<sup>®</sup> VIP Index 500 Portfolio - Initial Class - *Geode Capital Management, LLC* | 0.09% | 17.78% | 14.31% | 14.70% |
| International <br>Equity | Fidelity<sup>®</sup> VIP International Index Portfolio - Service Class 2 - *Geode Capital Management, LLC* | 0.41% | 32.82% | 7.76% |  |
| Taxable Bond | Fidelity<sup>®</sup> VIP Investment Grade Bond Portfolio - Service Class 2 - FMR Investment Management (U.K.) Limited; *Fidelity Management & Research (Japan) Limited; Fidelity Management & Research (HK) Ltd* | 0.62% | 6.93% | -0.21% | 2.45% |
| Money Market | Goldman Sachs VIT Government Money Market Fund - Service Class <sup>(1)</sup> | 0.43% | 3.94% | 2.98% | 1.90% |
| U.S. Equity | Invesco<sup>®</sup> V.I. Diversified Dividend Fund - Series I | 0.68% | 15.74% | 10.81% | 9.20% |
| International <br>Equity | Invesco<sup>®</sup> V.I. EQV International Equity Fund - Series I  | 0.90% | 16.50% | 3.68% | 6.22% |
| Sector Equity | Invesco<sup>®</sup> V.I. Global Real Estate Fund - Series I <sup>(4)</sup> | 1.02% | 7.85% | 1.73% | 2.44% |
| U.S. Equity | Invesco<sup>®</sup> V.I. Main Street Small Cap Fund<sup>®</sup> - Series I | 0.84% | 8.70% | 8.34% | 10.59% |
| Allocation | Janus Henderson Balanced Portfolio - Institutional Shares | 0.62% | 15.11% | 8.48% | 10.14% |
| U.S. Equity | Janus Henderson Enterprise Portfolio - Institutional Shares | 0.72% | 7.67% | 7.62% | 12.79% |
| Taxable Bond | Janus Henderson Flexible Bond Portfolio - Institutional Shares <sup>(1)</sup> | 0.57% | 7.40% | -0.23% | 2.32% |
| U.S. Equity | Janus Henderson Forty Portfolio - Institutional Shares | 0.62% | 18.14% | 11.65% | 16.24% |
| Sector Equity | Janus Henderson Global Technology and Innovation Portfolio - Institutional Shares | 0.73% | 25.15% | 13.71% | 21.48% |
| Taxable Bond | Lord Abbett Series Fund - Total Return Portfolio - Class VC | 0.71% | 7.19% | 0.06% | 2.27% |
| U.S. Equity | LVIP American Century Capital Appreciation Fund - Standard Class II - Lincoln Financial Investments Corporation <sup>(1) (2)</sup> | 0.79% | 6.72% | 5.16% | 11.47% |
| U.S. Equity | LVIP American Century Mid Cap Value Fund - Standard Class II - Lincoln Financial Investments Corporation <sup>(1) (2)</sup> | 0.86% | 8.99% | 8.89% | 9.12% |
| U.S. Equity | LVIP American Century Ultra Fund - Standard Class II - Lincoln Financial Investments Corporation <sup>(1) (2)</sup> | 0.75% | 12.84% | 11.68% | 17.16% |
| U.S. Equity | LVIP American Century Value Fund - Standard Class II - Lincoln Financial Investments Corporation <sup>(1) (2)</sup> | 0.71% | 16.02% | 11.65% | 10.23% |
| U.S. Equity | LVIP JPMorgan Small Cap Core Fund - Standard Class <sup>(3)</sup> | 0.77% | 10.27% | 6.40% | 8.95% |
| U.S. Equity | LVIP JPMorgan U.S. Equity Fund - Standard Class <sup>(3)</sup> | 0.63% | 14.54% | 13.69% | 14.84% |
| U.S. Equity | MFS<sup>®</sup> VIT Growth Series - Initial Class - Massachusetts Financial Services Company <sup>(1)</sup> | 0.73% | 12.19% | 11.10% | 15.60% |
| International <br>Equity | MFS<sup>®</sup> VIT II International Growth Portfolio - Initial Class - Massachusetts Financial Services Company <sup>(1)</sup> | 0.88% | 21.12% | 7.07% | 9.88% |
| International <br>Equity | MFS<sup>®</sup> VIT II Research International Portfolio - Initial Class - Massachusetts Financial Services Company <sup>(1)</sup> | 0.90% | 22.05% | 5.51% | 7.54% |
| U.S. Equity | MFS<sup>®</sup> VIT III Blended Research<sup>®</sup> Small Cap Equity Portfolio - Initial Class - Massachusetts Financial Services Company <sup>(1)</sup> | 0.58% | 5.76% | 6.92% | 9.10% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Asset<br>Allocation <br>Type** |  ***Portfolio Company Investment Adviser; <br>SubAdviser(s), as applicable*** | **Current <br>Expenses** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |
| **Asset<br>Allocation <br>Type** |  ***Portfolio Company Investment Adviser; <br>SubAdviser(s), as applicable*** | **Current <br>Expenses** | **1 Year**  | **5 Year**  | **10 Year**  |
| Sector Equity | MFS<sup>®</sup> VIT III Global Real Estate Portfolio - Initial Class - Massachusetts Financial Services Company <sup>(1)</sup> | 0.90% | 3.53% | 1.32% | 5.01% |
| U.S. Equity | MFS<sup>®</sup> VIT III Mid Cap Value Portfolio - Initial Class - Massachusetts Financial Services Company <sup>(1)</sup> | 0.79% | 5.98% | 10.18% | 9.95% |
| U.S. Equity | MFS<sup>®</sup> VIT Mid Cap Growth Series - Initial Class - Massachusetts Financial Services Company <sup>(1)</sup> | 0.81% | 3.66% | 3.26% | 11.60% |
| U.S. Equity | MFS<sup>®</sup> VIT New Discovery Series - Initial Class - Massachusetts Financial Services Company <sup>(1)</sup> | 0.87% | 12.96% | -0.28% | 10.74% |
| U.S. Equity | MFS<sup>®</sup> VIT Research Series - Initial Class - Massachusetts Financial Services Company <sup>(1)</sup> | 0.74% | 12.85% | 11.15% | 12.93% |
| Taxable Bond | MFS<sup>®</sup> VIT Total Return Bond Series - Initial Class - Massachusetts Financial Services Company <sup>(1)</sup> | 0.53% | 7.17% | 0.15% | 2.63% |
| U.S. Equity | MFS<sup>®</sup> VIT Value Series - Initial Class - Massachusetts Financial Services Company <sup>(1)</sup> | 0.69% | 13.01% | 9.95% | 10.05% |
| U.S. Equity | Neuberger Berman AMT Quality Equity Portfolio - Class I (formerly, Neuberger Berman AMT Sustainable Equity Portfolio)  | 0.87% | 13.74% | 12.83% | 12.94% |
| Commodities | PIMCO VIT CommodityRealReturn<sup>®</sup> Strategy Portfolio - Administrative Class - Pacific Investment Management Company LLC <sup>(1)</sup> | 3.19% | 18.79% | 10.55% | 6.54% |
| Taxable Bond | PIMCO VIT Global Bond Opportunities Portfolio (Unhedged) - Administrative Class - Pacific Investment Management Company LLC | 1.15% | 12.87% | 0.17% | 2.47% |
| Taxable Bond | PIMCO VIT High Yield Portfolio - Administrative Class - Pacific Investment Company LLC | 0.81% | 8.95% | 3.97% | 5.57% |
| Taxable Bond | PIMCO VIT Income Portfolio - Institutional Class - Pacific Investment Company LLC | 0.77% | 10.36% | 3.57% |  |
| Taxable Bond | PIMCO VIT International Bond Portfolio (U.S. Dollar-Hedged) - Administrative Class - Pacific Investment Management Company LLC | 1.09% | 3.95% | 1.03% | 2.88% |
| Taxable Bond | PIMCO VIT Low Duration Portfolio - Administrative Class - Pacific Investment Management Company LLC | 0.66% | 5.52% | 1.57% | 1.79% |
| Taxable Bond | PIMCO VIT Real Return Portfolio - Administrative Class - Pacific Investment Management Company LLC | 1.39% | 7.85% | 1.21% | 3.21% |
| Taxable Bond | PIMCO VIT Total Return Portfolio - Administrative Class - Pacific Investment Management Company LLC | 0.73% | 8.89% | 0.02% | 2.36% |
| International <br>Equity | *Putnam VT Focused International Equity Fund - Class IA - The Putnam Advisory Company, LLC; Franklin Templeton Investment Management Limited; Franklin Advisers, Inc.<sup>(1)</sup>* | 0.78% | 36.75% | 9.41% | 9.66% |
| Allocation | *Putnam VT Global Asset Allocation Fund - Class IA - Franklin Advisers, Inc. - The Putnam Advisory Company, LLC; Franklin Templeton Investment Management Limited <sup>(1)</sup>* | 0.84% | 14.63% | 8.67% | 8.71% |
| Taxable Bond | *Putnam VT High Yield Fund - Class IA - Franklin Advisers, Inc. - Putnam Investment Management, LLC; Franklin Templeton Investment Management Limited* | 0.71% | 8.86% | 4.28% | 5.94% |
| Taxable Bond | *Putnam VT Income Fund - Class IB - Franklin Advisers, Inc. - Putnam Investment Management, LLC; Franklin Templeton Investment Management Limited* | 0.82% | 7.25% | -1.13% | 1.89% |
| International <br>Equity | *Putnam VT International Value Fund - Class IA - The Putnam Advisory Company, LLC; Franklin Templeton Investment Management Limited; Franklin Advisers, Inc.* | 0.81% | 35.07% | 12.77% | 9.13% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Asset<br>Allocation <br>Type** |  ***Portfolio Company Investment Adviser; <br>SubAdviser(s), as applicable*** | **Current <br>Expenses** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |
| **Asset<br>Allocation <br>Type** |  ***Portfolio Company Investment Adviser; <br>SubAdviser(s), as applicable*** | **Current <br>Expenses** | **1 Year**  | **5 Year**  | **10 Year**  |
| U.S. Equity | *Putnam VT Large Cap Growth Fund - Class IA - Franklin Templeton Investment Management Limited; Franklin Advisers, Inc.* | 0.62% | 14.58% | 13.71% | 17.95% |
| U.S. Equity | *Putnam VT Large Cap Value Fund - Class IA - Franklin Templeton Investment Management Limited; Franklin Advisers, Inc.* | 0.54% | 20.66% | 15.68% | 13.58% |
| U.S. Equity | *Putnam VT Small Cap Value Fund - Class IA - Franklin Templeton Investment Management Limited; Franklin Advisers, Inc.* | 0.77% | 5.46% | 11.28% | 9.39% |
| U.S. Equity | *Putnam VT Sustainable Future Fund - Class IA - Franklin Templeton Investment Management Limited; Franklin Advisers, Inc.<sup>(1)</sup>* | 0.80% | 2.87% | 1.44% | 9.88% |
| U.S. Equity | *Putnam VT U.S. Research Fund - Class IA - The Putnam Advisory Company, LLC; Franklin Templeton Investment Management Limited; Franklin Advisers, Inc. (formerly, Putnam VT Research Fund)* | 0.70% | 18.16% | 14.80% | 15.36% |
| U.S. Equity | T. Rowe Price<sup>®</sup> Blue Chip Growth Portfolio - II Class | 1.00% | 18.43% | 11.41% | 15.25% |
| Taxable Bond | Vanguard<sup>®</sup> VIF Global Bond Index Portfolio | 0.13% | 5.69% | -0.41% |  |
| Sector Equity | Vanguard<sup>®</sup> VIF Real Estate Index Portfolio | 0.26% | 3.11% | 4.50% | 5.08% |
| Taxable Bond | Vanguard<sup>®</sup> VIF Total Bond Market Index Portfolio | 0.14% | 6.93% | -0.50% | 1.90% |

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<sup>(1)</sup>

*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; These Funds and their investment advisers have entered into contractual fee waivers or expense reimbursement arrangements. These temporary fee reductions are reflected in their annual expenses. Those contractual arrangements are designed to reduce total annual Fund operating expenses for Owners and will continue past the current year.*

<sup>(2)</sup>

*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Sub-Account investing in this Fund is closed to new investors as of April 26, 2024.*

<sup>(3)</sup>

*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Sub-Account investing in this Fund is closed to new investors as of May 1, 2024.*

<sup>(4)</sup>

*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Sub-Account investing in this Fund was closed to new investors effective May 1, 2026.* 

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This Updating Summary Prospectus incorporates by reference the Protective Executive Benefits Registered VUL NY Policy's Prospectus and Statement of Additional Information ("SAI"), both dated May 1, 2026, as amended or supplemented. The SAI may be obtained, free of charge, in the same manner as the Prospectus.

EDGAR Contract Identifier: C000229537

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