# EDGAR Filing Document

**Accession Number:** 0000923495
**File Stem:** 0000923495-26-000033
**Filing Date:** 2026-4
**Character Count:** 80560
**Document Hash:** e8735ebe6095ffd74d970c89890fba45
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000923495-26-000033.hdr.sgml**: 20260417

**ACCESSION NUMBER**: 0000923495-26-000033

**CONFORMED SUBMISSION TYPE**: N-VP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260417

**DATE AS OF CHANGE**: 20260417

**EFFECTIVENESS DATE**: 20260417

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SEPARATE ACCOUNT EQ OF VENERABLE INSURANCE & ANNUITY Co
- **CENTRAL INDEX KEY:** 0000923495

**ORGANIZATION NAME:**
- **EIN:** 420236150
- **STATE OF INCORPORATION:** IA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-VP
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-111686
- **FILM NUMBER:** 26870396

**BUSINESS ADDRESS:**
- **STREET 1:** 600 WALNUT STREET
- **STREET 2:** SUITE 1350
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50309-3942
- **BUSINESS PHONE:** 610-425-3400

**MAIL ADDRESS:**
- **STREET 1:** 600 WALNUT STREET
- **STREET 2:** SUITE 1350
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50309-3942

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SEPARATE ACCOUNT EQ OF ING USA ANNUITY LIFE INSURANCE CO
- **DATE OF NAME CHANGE:** 20040610

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SEPARATE ACCOUNT EQ OF ING USA ANNUITY  LIFE INSURANCE CO
- **DATE OF NAME CHANGE:** 20040402

## Series and Classes Contracts Data

### SEPARATE ACCOUNT EQ OF VENERABLE INSURANCE AND ANNUITY COMPANY (Series ID: S000000891)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000002533 | EQUI-SELECT  |  |
| C000002534 | PRIMELITE    |  |

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|:---|
| **Venerable Insurance and Annuity Company** |
| and Separate Account EQ of Venerable Insurance and Annuity Company |
| **Equi-Select** |

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**May 1, 2026, Notice Document**

This notice document describes Equi-Select, an individual deferred combination variable annuity contract (the "Contract" or the "Contracts") issued by Venerable Insurance and Annuity Company (the "Company," "we," "us" and "our") through our Separate Account EQ (the "Separate Account"). **The Contract has not been offered for new sales since before May 2004 and this notice document 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 Subaccounts of the Separate Account, each of which invests in an underlying mutual fund (the "Funds"), or to the Fixed Interest Division, which may have various guaranteed interest periods. **See APPENDIX A for more information about the Funds available through the Contract and Appendix B for more information about the Fixed Interest Division.**

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 and any interest credited to your allocations to the Fixed Interest Division. For Contracts sold in some states, not all Funds or the Fixed Interest Division may be available.

The full Equi-Select prospectus, as supplemented, contains more information about the Contract, including its features, benefits, and risks. You can find the most recent full prospectus and subsequent prospectus supplements and other information about the Contract online at https://docs.venerable.com/#/landing?prod=294532205&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://www.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 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.

**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, 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 the securities described in this notice or passed upon the accuracy or adequacy of this notice document. 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_1165) | [*3*](#chapter_2_1165) |
| [***<u>UPDATED INFORMATION ABOUT YOUR CONTRACT</u>***](#chapter_3_1165) | [*4*](#chapter_3_1165) |
| [***<u>KEY INFORMATION</u>***](#chapter_4_1165) | [*4*](#chapter_4_1165) |
| [***<u>APPENDIX A</u>*** ***– FUNDS AVAILABLE UNDER THE CONTRACT***](#chapter_5_1165) | [*A-1*](#chapter_5_1165) |
| [***<u>APPENDIX B</u>*** ***– FIXED INTEREST DIVISION***](#chapter_6_1165) | [*B-1*](#chapter_6_1165) |
| [***<u>HOW TO GET MORE INFORMATION</u>***](#chapter_7_1165) | [*Back Cover*](#chapter_7_1165) |

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***SPECIAL TERMS***<br>

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

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| | |
|:---|:---|
| &nbsp;&nbsp;**Annuitant** | &nbsp;&nbsp;The person designated by you to be the measuring life in determining annuity payments. The age of the Annuitant also determines the death benefit. The Annuitant cannot be changed after the Contract Date. |
| &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;&nbsp;&nbsp;The legal agreement between the Contract Owner(s) and the Company that governs the terms of the Equi-Select 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 income 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 notice document 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. |
| &nbsp;&nbsp;**Contract Year** | &nbsp;&nbsp;The time period between each anniversary of the Contract Date. |
| &nbsp;&nbsp;**Death Benefit** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The amount paid to your designated beneficiaries upon the Annuitant's death. If the Annuitant is:<br>• Less than age 67 at the time of purchase, the Death Benefit is the greatest of: (1) The Contract Value; (2) The total premium payments made under the Contract after subtracting any withdrawals; or (3) The highest Contract Value (plus subsequent premiums less subsequent withdrawals and taxes) determined on every Contract anniversary on or before the Annuitant's death beginning with the 8th anniversary and ending on the last anniversary prior to attained age 76.<br>• Between the ages of 67 and 75 at the time of purchase, the Death Benefit is the greatest of: (1) The Contract Value; (2) The total premium payments made under the Contract after subtracting any withdrawals; or (3) The Contract Value (plus subsequent premiums less subsequent withdrawals and taxes) determined on the 8th Contract anniversary but on or before the Annuitant's death.<br>• Age 76 or older at the time of purchase, the death benefit is the Contract Value. |
| &nbsp;&nbsp;**Funds** | &nbsp;&nbsp;The underlying mutual funds in which the Subaccounts invest. |
| &nbsp;&nbsp;**Separate Account** | &nbsp;&nbsp;Separate Account EQ, 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 EQ 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 prospectus and Notice, 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 eight (8) 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 Charges Deducted from the Contract Value" in the full prospectus, as supplemented, for more information.** |
| &nbsp;&nbsp;**Are there Transaction Charges?** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Yes.** In addition to surrender charges, if applicable, there may be an additional charge if:<br>&nbsp;&nbsp;&nbsp;&nbsp;• You transfer Contract Value between Subaccounts;<br>&nbsp;&nbsp;&nbsp;&nbsp;• You request that withdrawal proceeds be mailed for overnight delivery; or<br>&nbsp;&nbsp;&nbsp;&nbsp;• State or local premium taxes become due.<br>**See *"Surrender 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 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**<br>**1.46%**<sup>1</sup><br>**1.46%**<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;1 As a percentage of Account Value in each Subaccount. This fee includes the Mortality and Expense Risk Charge, the Asset Based Administrative Charge as 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. Refer to your Contract schedule pages for the fees that apply to you.<br>2 As a percentage of Fund assets. These figures reflect the minimum and maximum Fund fees and expense before any expense reimbursements or fee waiver arrangements. |
| &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 that substantially increase costs.** |
| &nbsp;&nbsp;**Are there Ongoing Fees and Expenses?** | **Lowest Annual Cost: $1,738** |
| &nbsp;&nbsp;**Are there Ongoing Fees and Expenses?** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assumes:<br>&nbsp;&nbsp;&nbsp;&nbsp;• Investment of $100,000;<br>&nbsp;&nbsp;&nbsp;&nbsp;• 5% annual appreciation;<br>&nbsp;&nbsp;&nbsp;&nbsp;• Least expensive Contract and Fund fees and expenses;<br>&nbsp;&nbsp;&nbsp;&nbsp;• No sales charges; and<br>&nbsp;&nbsp;&nbsp;&nbsp;• No additional purchase payments, transfers, or withdrawals. |
| &nbsp;&nbsp;**Are there Ongoing Fees and Expenses?** | &nbsp;&nbsp;**See "CHARGES AND FEES" – *"Charges Deducted from the Subaccounts" and "Fund Expenses"* in the full prospectus, as supplemented, for more information.** |

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|:---|:---|
| **RISKS**<br>**See "Purchase and Availability of the Contract" in the full prospectus, as supplemented, for more information.** | **RISKS**<br>**See "Purchase and Availability of 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 eight 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 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 Funds you choose.<br>Each available Fund has its own unique risks, and you should review information about each Fund, before making an investment decision. This information can be found in the Fund prospectuses and Appendix B for the Fixed Interest Division. |
| &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. |
| &nbsp;&nbsp;**What are the Risks Related to Cybersecurity?** | &nbsp;&nbsp;Like others in our industry, we are subject to operational and information security risks resulting from "cyber-attacks," "hacking" or similar illegal or unauthorized intrusions into computer systems and networks. These risks include, among other things, the theft, misuse, corruption and destruction of data maintained online or digitally, denial of service attacks on websites and other operational disruption, and unauthorized release of confidential customer information. Although we seek to limit our vulnerability to such risks through technological and other means and we rely on industry standard commercial technologies to maintain the security of our information systems, it is not possible to anticipate or prevent all potential forms of cyber-attack or to guarantee our ability to fully defend against all such attacks. In addition, due to the sensitive nature of much of the financial and similar personal information we maintain, we may be at particular risk for targeting.<br>Cyber-attacks affecting us, any third-party administrator, the underlying Funds, intermediaries and other affiliated or third-party service providers may adversely affect us and your Contract Value. For instance, cyber-attacks may interfere with our processing of Contract transactions, including the processing of orders from our website or with the underlying Funds, impact our ability to calculate Accumulation Unit values, cause the release and possible destruction of confidential customer or business information, impede order processing, subject us and/or our service providers and intermediaries to regulatory fines and financial losses, and/or cause reputational damage. Cybersecurity risks may also affect the issuers of securities in which the underlying Funds invest, which may cause the Funds underlying your Contract to lose value. There can be no assurance that we or the underlying Funds or our service providers will avoid losses affecting your Contract that result from cyber-attacks or information security breaches in the future. |

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| **RESTRICTIONS** | **RESTRICTIONS** |
| &nbsp;&nbsp;**Are there Limits 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 "Transfer Charge" 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. Additionally, we may restrict or limit the Guaranteed Interest Periods that are available under the Fixed Interest Options. 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 INVESTMENTS (EXCESSIVE TRADING POLICY)" in the full prospectus, as supplemented, for more information. |

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| **TAXES**<br>**See "FEDERAL TAX CONSIDERATIONS" in the full prospectus, as supplemented, for more information.** | **TAXES**<br>**See "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 INTEREST**<br>**See "Selling the Contract" in the full prospectus, as supplemented, for more information.** | **CONFLICTS OF INTEREST**<br>**See "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=294532205&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 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 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 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> | **–\*** | **–\*** | **–\*** |
| 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.<br> **Class V**<br>**0.87%<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** | **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, 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. | **–\*** | **–\*** | **–\*** |
| 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<br> **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.<br> **Class V**<br>**0.72%<sup>1</sup>** | **8.49%** | **–\*** | **–\*** |
| 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.<br> **Class V**<br>**0.84%<sup>1</sup>** | **–\*** | **–\*** | **–\*** |
| 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>** | **–\*** | **–\*** | **–\*** |

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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 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 | **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 | **Class V**<br>**0.51%** | **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 | **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. | **Class V**<br>**0.89%<sup>1</sup>** | **12.64%** | **–\*** | **–\*** |
| 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. | **Class V**<br>**0.85%** | **–\*** | **–\*** | **–\*** |
| 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. and Wellington Management Company LLP | **Class V**<br>**1.00%<sup>1</sup>** | **–\*** | **–\*** | **–\*** |

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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 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 | **–\*** | **–\*** | **–\*** |
| 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%** | –\* | **–\*** |
| 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 Management, LLC, ClearBridge Investments, LLC, and Putnam Investment Management, LLC<br> **Class V**<br>**0.86%<sup>1</sup>** | **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 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>** | **–\*** | **–\*** | **–\*** |

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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 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. | **Class V**<br>**0.86%<sup>1</sup>** | **–\*** | **–\*** | **–\*** |
| 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., Intermede Investments Partners Limited, Numeric Investors LLC, 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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***Closed Funds***<br>

Subaccounts that invest in the following Funds are closed to new premiums and transfers of Contract Value. Contract Owners who have value in any of the closed Funds may leave their Contract Value allocated to the Subaccounts that invest in these Funds.

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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 highest current income consistent with low risk to principal and liquidity and secondarily, seeks to enhance its total return through capital appreciation when market factors, such as falling interest rates and rising bond prices, indicate that capital appreciation may be available without significant risk to principal. | **Voya Limited Maturity Bond Portfolio**<br>**Investment Adviser:** Voya Investments, LLC<br>**Sub-Adviser:** Voya Investment Management Co. LLC | **Class S**<br>**0.53%** | **5.42%** | **1.86%** | **2.01%** |

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***APPENDIX B – FIXED INTEREST DIVISION***<br>

The Fixed Interest Division option is currently available for new investment allocations, although only a 10 year guaranteed interest period is currently available. Contract owners currently invested in the Fixed Interest Division with a 10 year guaranteed interest period may elect at the end of the guaranteed interest period to renew into a new 10 year guaranteed interest period. Failure to elect a new 10 year guaranteed interest period will result in your value in the Fixed Interest Division being automatically reallocated to the Voya Government Liquid Assets Portfolio. Check your Contract for the guaranteed minimum interest rate ("GMIR") that applies to allocations to the Fixed Interest Division.

The Fixed Interest Division is part of our General Account. Interests in the Fixed Interest Division have not been registered under the Securities Act of 1933, and neither the Fixed Interest Division nor the General Account are registered under the Investment Company Act of 1940.

Where available, interests in the Fixed Interest Division are offered through an Offering Brochure, which has more complete information. Please read the Offering Brochure carefully before you invest in the Fixed Interest Division. If you are unsure whether the Fixed Interest Division is available in your state, please contact Customer Service at (800) 366-0066. When reading through the Prospectus, the Fixed Interest Division should be counted among the various investment options available for the allocation of your premiums. The Fixed Interest Division may not be available in some states. Some restrictions may apply.

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

This notice document incorporates by reference the full Equi-Select prospectus and Statement of Additional Information ("SAI"), as amended and supplemented, which contain more information about the Contract, including its features, benefits, and risks. You can find the most recent full prospectus and SAI and subsequent prospectus supplements and other information about the Contract online at https://docs.venerable.com/#/landing?prod=294532205&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.

Equi-Select, Contract I.D. C00002533 May 1, 2026

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| **Venerable Insurance and Annuity Company** |
| and Separate Account EQ of Venerable Insurance and Annuity Company |
| **PrimElite** |

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**May 1, 2026, Notice Document**

This notice document describes PrimElite, an individual deferred combination variable 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 before May 2004 and this notice document 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 Subaccounts of the Separate Account, each which invests in an underlying mutual fund (the "Funds"), or to the Fixed Interest Division, which may have various guaranteed interest periods. **See APPENDIX A for more information about the Funds available through the Contract and Appendix B for more information about the Fixed Interest Division.**

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 and any interest credited to your allocations to the Fixed Interest Division. For Contracts sold in some states, not all Funds or the Fixed Interest Division may be available.

The full PrimElite prospectus, as supplemented, contains more information about the Contract, including its features, benefits, and risks. You can find the most recent full prospectus and subsequent prospectus supplements and other information about the Contract online at https://docs.venerable.com/#/landing?prod=294532106&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://www.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 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.

**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, 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 the securities described in this notice or passed upon the accuracy or adequacy of this notice document. 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_1166) | [*3*](#chapter_2_1166) |
| [***<u>UPDATED INFORMATION ABOUT YOUR CONTRACT</u>***](#chapter_3_1166) | [*4*](#chapter_3_1166) |
| [***<u>KEY INFORMATION</u>***](#chapter_4_1166) | [*4*](#chapter_4_1166) |
| [***<u>APPENDIX A</u>*** ***– FUNDS AVAILABLE UNDER THE CONTRACT***](#chapter_5_1166) | [*A-1*](#chapter_5_1166) |
| [***<u>APPENDIX B</u>*** ***– FIXED INTEREST DIVISION***](#chapter_6_1166) | [*B-1*](#chapter_6_1166) |
| [***<u>HOW TO GET MORE INFORMATION</u>***](#chapter_7_1166) | [*Back Cover*](#chapter_7_1166) |

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***SPECIAL TERMS***<br>

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

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| &nbsp;&nbsp;**Annuitant** | &nbsp;&nbsp;The person designated by you to be the measuring life in determining annuity payments. The age of the Annuitant also determines the Death Benefit. The Annuitant cannot be changed after the Contract Date. |
| &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;&nbsp;&nbsp;The legal agreement between the Contract Owner(s) and the Company that governs the terms of the PrimElite 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 income 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 notice document 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 Accounts 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;&nbsp;&nbsp;&nbsp;&nbsp;The amount paid to your designated beneficiaries upon the Annuitant's death. If the Annuitant is:<br>• Less than age 67 at the time of purchase, the Death Benefit is the greatest of: (1) The Contract Value; (2) The total premium payments made under the Contract after subtracting any withdrawals; or (3) The highest Contract Value (plus subsequent premiums less subsequent withdrawals and taxes) determined on every Contract anniversary on or before the Annuitant's death beginning with the 8th anniversary and ending on the last anniversary prior to attained age 76.<br>• Between the ages of 67 and 75 at the time of purchase, the Death Benefit is the greatest of: (1) The Contract Value; (2) The total premium payments made under the Contract after subtracting any withdrawals; or (3) The Contract Value (plus subsequent premiums less subsequent withdrawals and taxes) determined on the 8th Contract anniversary but on or before the Annuitant's death.<br>• Age 76 or older at the time of purchase, the death benefit is the Contract Value. |
| &nbsp;&nbsp;**Funds** | &nbsp;&nbsp;The underlying mutual funds in which the Subaccounts invest. |
| &nbsp;&nbsp;**Separate Account** | &nbsp;&nbsp;Separate Account EQ, 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 EQ 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 prospectus and Notice, 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 eight (8) 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 Charges Deducted From the Contract Value" in the full prospectus, as supplemented, for more information.** |
| &nbsp;&nbsp;**Are there Transaction Charges?** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Yes.** In addition to surrender charges, if applicable, there may be an additional charge if:<br>&nbsp;&nbsp;&nbsp;&nbsp;• You transfer Contract Value between Subaccounts;<br>&nbsp;&nbsp;&nbsp;&nbsp;• You request that withdrawal proceeds be mailed for overnight delivery; or<br>&nbsp;&nbsp;&nbsp;&nbsp;• State or local premium taxes become due.<br>**See "*Surrender 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 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**<br>**1.40%<sup>1</sup>**<br>**1.45%<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;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 as 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 that apply to you.<br>2 As a percentage of Fund assets. These figures reflect the minimum and maximum Fund fees and expense before any expense reimbursements or fee waiver arrangements. |
| &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 that substantially increase costs.** |
| &nbsp;&nbsp;**Are there Ongoing Fees and Expenses?** | **Lowest Annual Cost:**<br>**$1,693** |
| &nbsp;&nbsp;**Are there Ongoing Fees and Expenses?** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assumes:<br>&nbsp;&nbsp;&nbsp;&nbsp;• Investment of $100,000;<br>&nbsp;&nbsp;&nbsp;&nbsp;• 5% annual appreciation;<br>&nbsp;&nbsp;&nbsp;&nbsp;• Least expensive Contract and Fund fees and expenses;<br>&nbsp;&nbsp;&nbsp;&nbsp;• No sales charges; and<br>&nbsp;&nbsp;&nbsp;&nbsp;• No additional purchase payments, transfers, or withdrawals. |
| &nbsp;&nbsp;**Are there Ongoing Fees and Expenses?** | &nbsp;&nbsp;**See "CHARGES AND FEES" *– "Charges Deducted from the Subaccounts"* and *"Fund Expenses"* in the full prospectus, as supplemented, for more information.** |

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| **RISKS**<br>**See "Purchase and Availability of the Contract" in the full prospectus, as supplemented, for more information.** | **RISKS**<br>**See "Purchase and Availability of 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 eight 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 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 Funds 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 and Appendix B for the Fixed Interest Division. |
| &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. |
| &nbsp;&nbsp;**What are the Risks Related to Cybersecurity?** | &nbsp;&nbsp;Like others in our industry, we are subject to operational and information security risks resulting from "cyber-attacks," "hacking" or similar illegal or unauthorized intrusions into computer systems and networks. These risks include, among other things, the theft, misuse, corruption and destruction of data maintained online or digitally, denial of service attacks on websites and other operational disruption, and unauthorized release of confidential customer information. Although we seek to limit our vulnerability to such risks through technological and other means and we rely on industry standard commercial technologies to maintain the security of our information systems, it is not possible to anticipate or prevent all potential forms of cyber-attack or to guarantee our ability to fully defend against all such attacks. In addition, due to the sensitive nature of much of the financial and similar personal information we maintain, we may be at particular risk for targeting.<br>Cyber-attacks affecting us, any third-party administrator, the underlying Funds, intermediaries and other affiliated or third-party service providers may adversely affect us and your Contract Value. For instance, cyber-attacks may interfere with our processing of Contract transactions, including the processing of orders from our website or with the underlying Funds, impact our ability to calculate Accumulation Unit values, cause the release and possible destruction of confidential customer or business information, impede order processing, subject us and/or our service providers and intermediaries to regulatory fines and financial losses, and/or cause reputational damage. Cybersecurity risks may also affect the issuers of securities in which the underlying Funds invest, which may cause the Funds underlying your Contract to lose value. There can be no assurance that we or the underlying Funds or our service providers will avoid losses affecting your Contract that result from cyber-attacks or information security breaches in the future. |

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| **RESTRICTIONS** | **RESTRICTIONS** |
| &nbsp;&nbsp;**Are there Limits 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 *"Transfer Charge"* 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. Additionally, we may restrict or limit the Guaranteed Interest Periods that are available under the Fixed Interest Options. **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 INVESTMENTS (EXCESSIVE TRADING POLICY)" in the full prospectus, as supplemented, for more information.** |

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| **TAXES**<br>**See "FEDERAL TAX CONSIDERATIONS" in the full prospectus, as supplemented, for more information.** | **TAXES**<br>**See "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 INTEREST**<br>**See "Selling the Contract" in the full prospectus, as supplemented, for more information.** | **CONFLICTS OF INTEREST**<br>**See "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=294532106&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 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 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 a balance of growth of capital and income. | **Franklin Multi-Asset Variable Conservative Growth Fund**<br>**Investment Adviser:** Franklin Templeton Fund Adviser, LLC<br>**Sub-Adviser:** Franklin Advisers, Inc.<br>A Fund of Funds. | **Class I**<br>**0.59%** | **12.76%** | **6.69%** | **7.70%** |
| Seeks capital appreciation. | **Franklin Multi-Asset Variable Growth Fund**<br>**Investment Adviser:** Franklin Templeton Fund Adviser, LLC<br>**Sub-Adviser:** Franklin Advisers, Inc.<br>A Fund of Funds. | **Class I**<br>**0.78%** | **16.56%** | **11.01%** | **10.59%**  |

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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 long-term growth of capital. | **Franklin Multi-Asset Variable Moderate Growth Fund**<br>**Investment Adviser:** Franklin Templeton Fund Adviser, LLC<br>**Sub-Adviser:** Franklin Advisers, Inc.<br>A Fund of Funds. | **Class I**<br>**0.76%<sup>1</sup>** | **14.86%** | **9.31%** | **9.45%** |
| 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. | **Class V**<br>**0.83%** | –**\*** | **–\*** | **–\*** |
| 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. | **Class V**<br>**0.61%**<sup>1</sup> | **–<sup>1</sup>** | **–\*** | **–\*** |
| 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%** | **–\*** | **–\*** | **–\*** |

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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** | **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 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,<br>Hanley, Mewhinney & Strauss LLC, Numeric Investors LLC, Oaktree<br>Fund Advisors, LLC, Pzena Investment Management, LLC, and Sands<br>Capital Management, LLC | **–\*** | **–\*** | **–\*** |
| 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.<br> **Class V**<br>**0.72%<sup>1</sup>** | **8.49%** | **–\*** | **–\*** |
| 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.<br> **Class V**<br>**0.84%<sup>1</sup>** | **–\*** | **–\*** | **–\*** |
| 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<br>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>** | **–\*** | **–**\* | **–\*** |

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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 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 | **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 | **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.** | **Class V**<br>**0.89%<sup>1</sup>** | **12.64%** | **–\*** | **–\*** |
| 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. | **Class V**<br>**0.85%** | **–\*** | **–\*** | **–\*** |
| 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 <br>Management Co. and Wellington Management Company LLP | **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 | **Class V**<br>**0.68%<sup>1</sup>** | –\* | –\* | –\* |

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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 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%** | –\* | –\* |
| 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 Management, LLC, ClearBridge Investments, LLC, and Putnam Investment Management, LLC<br> **Class V**<br>**0.86%<sup>1</sup>** | **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 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., Intermede Investments Partners Limited, Numeric Investors LLC, 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%** |
| Seeks to maximize total return, consistent with prudent investment management and liquidity needs, by investing to obtain a dollar-weighted average effective duration that is normally within 30% of the average duration of the domestic bond market as a whole. | **Western Asset Core Plus VIT Portfolio**<br>**Investment Adviser:** Franklin Templeton Fund Adviser, LLC<br>**Sub-Advisers:** Western Asset Management Company, LLC Western <br>Asset Management Company Limited, Western Asset Management<br>Company Ltd., and Western Asset Management Company Pte Ltd. | **Class 1**<br>**0.54%<sup>1</sup>** | **7.75%** | **-1.44%** | **2.11%** |

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***Closed Funds***<br>

Subaccounts that invest in the following Funds are closed to new premiums and transfers of Contract Value. Contract Owners who have value in any of the closed Funds may leave their Contract Value allocated to the Subaccounts that invest in these Funds.

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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 investment results (before fees and expenses) that correspond to the total return (which includes capital appreciation and income) of the Russell Top 200® Index. | **Voya Russell<sup>TM</sup>** **Large Cap Index Portfolio**<br>**Investment Adviser:** Voya Investments, LLC<br>**Sub-Adviser:** Voya Investment Management Co. LLC | **18.75%** | **14.72%** | **15.36%** |
| Seeks investment results (before fees and expenses) that correspond to the total return (which includes capital appreciation and income) of the Russell Top 200® Value Index. | **Voya Russell<sup>TM</sup>** **Large Cap Value Index Portfolio**<br>**Investment Adviser:** Voya Investments, LLC<br>**Sub-Adviser:** Voya Investment Management Co. LLC<br> **Class I**<br>**0.43%<sup>1</sup>** | **17.94%** | **11.69%** | **10.53%** |

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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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***APPENDIX B – FIXED INTEREST DIVISION***<br>

The Fixed Interest Division option is currently available for new investment allocations, although only a 10 year guaranteed interest period is currently available. Contract owners currently invested in the Fixed Interest Division with a 10 year guaranteed interest period may elect at the end of the guaranteed interest period to renew into a new 10 year guaranteed interest period. Failure to elect a new 10 year guaranteed interest period will result in your value in the Fixed Interest Division being automatically reallocated to the Voya Government Liquid Assets Portfolio. Check your Contract for the guaranteed minimum interest rate ("GMIR") that applies to allocations to the Fixed Interest Division.

The Fixed Interest Division is part of our General Account. Interests in the Fixed Interest Division have not been registered under the Securities Act of 1933, and neither the Fixed Interest Division nor the General Account are registered under the Investment Company Act of 1940.

Where available, interests in the Fixed Interest Division are offered through an Offering Brochure, which has more complete information. Please read the Offering Brochure carefully before you invest in the Fixed Interest Division. If you are unsure whether the Fixed Interest Division is available in your state, please contact Customer Service at (800) 366-0066. When reading through the Prospectus, the Fixed Interest Division should be counted among the various investment options available for the allocation of your premiums. The Fixed Interest Division may not be available in some states. Some restrictions may apply.

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

This notice document incorporates by reference the full PrimElite prospectus and Statement of Additional Information ("SAI"), as amended and supplemented, which contain more information about the Contract, including its features, benefits, and risks. You can find the most recent full prospectus and SAI and subsequent prospectus supplements and other information about the Contract online at https://docs.venerable.com/#/landing?prod=294532106&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.

PrimElite, Contract I.D. C00002534 May 1, 2026