# EDGAR Filing Document

**Accession Number:** 0001074760
**File Stem:** 0001193125-26-198992
**Filing Date:** 2026-5
**Character Count:** 40177
**Document Hash:** a18bc524443a263964314251436f7266
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-198992.hdr.sgml**: 20260501

**ACCESSION NUMBER**: 0001193125-26-198992

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260501

**DATE AS OF CHANGE**: 20260501

**EFFECTIVENESS DATE**: 20260501

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DELAWARE LIFE VARIABLE ACCOUNT I
- **CENTRAL INDEX KEY:** 0001074760

**ORGANIZATION NAME:**
- **EIN:** 042461439
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-143353
- **FILM NUMBER:** 26928734

**BUSINESS ADDRESS:**
- **STREET 1:** 1601 TRAPELO ROAD
- **STREET 2:** 230 THIRD AVENUE, 6TH FLOOR
- **CITY:** WALTHAM
- **STATE:** MA
- **ZIP:** 02451
- **BUSINESS PHONE:** 7817908774

**MAIL ADDRESS:**
- **STREET 1:** 1601 TRAPELO ROAD
- **STREET 2:** 230 THIRD AVENUE, 6TH FLOOR
- **CITY:** WALTHAM
- **STATE:** MA
- **ZIP:** 02451

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SUN LIFE OF CANADA U S VARIABLE ACCOUNT I
- **DATE OF NAME CHANGE:** 19981204

## Series and Classes Contracts Data

### DELAWARE LIFE VARIABLE ACCOUNT I (Series ID: S000008065)

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|  |  |
|:---|:---|
| Class Name    | Class ID   |
| Executive VUL | C000051351 |

---

## Series and Classes Contracts Data

### DELAWARE LIFE VARIABLE ACCOUNT I (Series ID: S000008065)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000051351 | Executive VUL |  |

**SUPPLEMENT DATED MAY 1, 2026**

**TO PROSPECTUS AND UPDATING SUMMARY PROSPECTUS DATED MAY 1, 2025** <br>**FOR EXECUTIVE VARIABLE UNIVERSAL LIFE INSURANCE** 

**ISSUED BY**

**DELAWARE LIFE INSURANCE COMPANY**

**DELAWARE LIFE VARIABLE ACCOUNT I** 

Executive Variable Universal Life Insurance is a flexible premium corporate variable universal life policy ("the Policy") issued by Delaware Life Insurance Company (the "Company").

This supplement summarizes key features of the Policy. This supplement also provides a summary of the Policy features that have changed since the prospectus dated May 1, 2025, as supplemented. This may not reflect all the changes that have occurred since you entered into your Policy.

The prospectus for the Policy dated May 1, 2025, as supplemented, contains more information about the Policy including its features, benefits, and risks. If you have any questions about the Policy and wish to talk to a representative, you may call (888) 594-2654. You can find the May 1, 2025 Policy prospectus, the current prospectuses for the Funds and other information about the Policy online at https://dfinview.com/DelawareLife/TAHD/86680A509?site=Life. You can also obtain this information at no cost at <u>https://dfinreports.com/delawarelife</u>, by calling (800) 477-6545, or by sending an email request to customer.relations@delawarelife.com.

Financial statements of Delaware Life Variable Account I (the "Variable Account") for the year ended December 31, 2025 can be found online at https://dfinview.com/DelawareLife/TAHD/86680A509?site=Life You can also obtain these financial statements at no cost at <u>https://dfinreports.com/delawarelife</u>, by calling (800)-477-6545, or by sending an email request to customer.relations@delawarelife.com.

**NOTE REGARDING THE AVAILABILITY OF THE COMPANY'S AUDITED FINANCIAL STATEMENTS**

**The financial guarantees we provide under your Policy are supported by the Company's general account and are subject to the Company's financial strength and claims-paying ability. Audited financial statements for the Company for the year-ended December 31, 2025 are not yet available, pending completion of the audit by the Company's independent certified public accountant. The Company's audited financial statements are delayed due to an ongoing review of the Company's affiliate and related-party transactions. As of the date of this supplement, it is uncertain when the Company's 2025 audited financial statements will become available.**

**The variable investment options offered under the Policy are supported by the Variable Account, not the Company's general account. Financial statements of the Variable Account for the year-ended December 31, 2025 are available and may be obtained as instructed above.**

**During the delay in finalizing the Company's 2025 audited financial statements, you may continue to make transactions under the terms of your Policy, including:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Making additional premium payments into your Policy (if otherwise permitted);**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Transferring or reallocating your Policy Value among investment options; and**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Any other transactions permitted under your Policy.**

**Notice will be provided once the Company's 2025 audited financial statements are available. Please contact us at (888) 594-2654 with any questions regarding the Company's financial statements or your Policy.**

Additional information about certain investment products, including variable life policies has been prepared by the Securities and Exchange Commission's staff and is available at *<u>www.Investor.gov</u>*.

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**The Securities and Exchange Commission has not approved or disapproved these securities or determined if this supplement is accurate or complete. Any representation to the contrary is a criminal offense.**

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**Table of Contents** 

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| | |
|:---|:---|
| [GLOSSARY OF POLICY TERMS](#xx_2f06d0de-4b55-4011-a90b-69e39240bd73_1) | 4 |
| [UPDATED INFORMATION ABOUT THE POLICY](#xx_659b8b8d-7d97-4f50-aed9-ec4d71734f68_1) | 6 |
| [IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE POLICY](#xx_856b399a-7f82-41b9-8e31-3a7ce645faeb_1) | 7 |
| [APPENDIX A - FUNDS AVAILABLE UNDER THE POLICY](#xx_54ee276c-2890-464c-88af-7cea0c1ed8ce_1) | 10 |

---

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**GLOSSARY OF POLICY TERMS**

**Account Value -** The sum of the amounts in each Sub-Account of the Variable Account, the Fixed Account and the amount of the Loan Account. Account Value does not include Policy Debt. Policy Debt, which includes the amount of loans and interest charged, is not deducted from Account Value. It is reflected in the amounts received upon surrender or payment of Policy Proceeds. It is also reflected in the amount of total Account Value that may be borrowed against.

**Base Death Benefit -** The death benefit under the Policy, exclusive of any Supplemental Insurance Death Benefit or any other supplemental benefits.

**Death Benefit -** The sum of the Base Death Benefit and any Supplemental Insurance Death Benefit. For purposes of calculating the Death Benefit, the Account Value will be increased by the value provided by the Enhancement Benefit.

**Fixed Account -** The portion of the Account Value funded by assets invested in our General Account.

**Fund -** A mutual fund in which a Sub-Account invests.

**General Account -** The assets held by us other than those allocated to the Sub-Accounts of the Variable Account or any of our other separate accounts.

**Insured -** The person on whose life the Policy is issued.

**Investment Option -** The Fixed Account and any of the Sub-Accounts of the Variable Account.

**Policy -** The form issued by Delaware Life Insurance Company which evidences the insurance coverage provided and is a contract between the policyowner and the Company.

**Policy Debt -** The principal amount of any outstanding loans against the Policy, plus accrued but unpaid interest on such loans.

**Policy Proceeds -** The amount determined in accordance with the terms of the Policy that is payable at the death of the Insured.

**Policy Year -** A one-year period commencing on the Issue Date or any Anniversary and ending on the next Anniversary.

**Premium Expense Load -** The percentage charge applied to premium. It includes two elements. One element is for state and federal tax obligations and the other element is a sales load to cover costs related to policy issuance.

**SEC -** Securities and Exchange Commission.

**Sub-Accounts -** Sub-Accounts into which the assets of the Variable Account are divided, each of which corresponds to an investment choice available to you.

**Supplemental Insurance Death Benefit -** The death benefit associated with the Supplemental Insurance Face Amount.

**Supplemental Insurance Face Amount -** The amount of additional life insurance coverage you request as specified in the Policy.

**Target Premium -** An amount of premium specified as such in the Policy, used to determine our Premium Expense Load deductions.

**Variable Account -** Delaware Life Variable Account I, one of our separate accounts, established for the purpose of funding variable insurance benefits payable under the Policy.

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**You -** The owner of the Policy.

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**UPDATED INFORMATION ABOUT THE POLICY**

The information in this supplement is a summary of the Policy features that have changed since the prospectus dated May 1, 2025. This may not reflect all the changes that have occurred since you entered into your Policy.

**Audited financial statements for the Company for the year ended December 31, 2025 are not yet available. Please refer to the Cover Page for more information.** 

**Changes Affecting the Funds**

*Adviser*

For the Acorn Fund, effective, July 7, 2025, Columbia Management Investment Advisers, LLC replaced Wanger Asset Management LLC as adviser of the Fund.

*Subadviser*

For Templeton Growth VIP Fund, effective August 1, 2025, Templeton Asset Management Ltd. no longer served as sub-adviser of the Fund.

*Name Changes* 

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| | |
|:---|:---|
| ***<u>Current Fund Name</u>*** | ***<u>New Fund Name</u>*** |
| American Funds Insurance Series<sup>®</sup> International Fund  | American Funds Insurance Series<sup>®</sup> EUPAC Fund<sup>TM</sup> <br>|
| &nbsp;&nbsp; American Funds Insurance Series<sup>®</sup> Global Small <br> Capitalization Fund<br>| &nbsp;&nbsp; American Funds Insurance Series<sup>®</sup> SMALLCAP World <br>Fund<sup>®</sup> <br>|
| Columbia Variable Portfolio-Large Cap Growth Fund | Columbia Variable Portfolio-Cornerstone Growth Fund  |
| Wanger Acorn Fund | Columbia Variable Portfolio - Acorn Fund |

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*Expenses and Performance Information*

The expenses and performance information have been updated and are reflected in Appendix A-Funds Available under the Policy and Fees and Expenses in this supplement.

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**IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE POLICY** 

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** | &nbsp;&nbsp; **Location In The**<br> **Prospectus**<br>|
| **Transaction**<br> **Charges**<br>| &nbsp;&nbsp; You may be charged for transactions under the Policy. A front-end load may <br> be charged on each premium payment. The front-end load for premiums up <br> to and including the Target Premium differs from the front-end load for <br> premiums in excess of the Target Premium. You may be charged for <br> requested Policy illustrations. If the Loan Lapse Protection Rider is elected, <br> a front-end load may be charged on the Election Date. | &nbsp;&nbsp; You may be charged for transactions under the Policy. A front-end load may <br> be charged on each premium payment. The front-end load for premiums up <br> to and including the Target Premium differs from the front-end load for <br> premiums in excess of the Target Premium. You may be charged for <br> requested Policy illustrations. If the Loan Lapse Protection Rider is elected, <br> a front-end load may be charged on the Election Date. | &nbsp;&nbsp; You may be charged for transactions under the Policy. A front-end load may <br> be charged on each premium payment. The front-end load for premiums up <br> to and including the Target Premium differs from the front-end load for <br> premiums in excess of the Target Premium. You may be charged for <br> requested Policy illustrations. If the Loan Lapse Protection Rider is elected, <br> a front-end load may be charged on the Election Date. | &nbsp;&nbsp; **Fee Table –**<br> **Transaction**<br> **Fees**<br> **Charges,**<br> **Deductions And**<br> **Refunds**<br>|
| **Ongoing Fees**<br> **and Expenses** | &nbsp;&nbsp; In addition to transaction charges, an investment in the Policy is subject to <br> certain ongoing fees and expenses, including fees and expenses covering the <br> cost of insurance under the Policy and the cost of the optional benefits <br> available under the Policy. Certain fees and expenses are set based on <br> characteristics of the insured (*e.g.*, age, sex, and rating classification). You <br> should view your Policy specifications page for rates applicable to your <br> Policy.<br> You will also bear expenses associated with the Funds under the Policy, as <br> shown in the following table: | &nbsp;&nbsp; In addition to transaction charges, an investment in the Policy is subject to <br> certain ongoing fees and expenses, including fees and expenses covering the <br> cost of insurance under the Policy and the cost of the optional benefits <br> available under the Policy. Certain fees and expenses are set based on <br> characteristics of the insured (*e.g.*, age, sex, and rating classification). You <br> should view your Policy specifications page for rates applicable to your <br> Policy.<br> You will also bear expenses associated with the Funds under the Policy, as <br> shown in the following table: | &nbsp;&nbsp; In addition to transaction charges, an investment in the Policy is subject to <br> certain ongoing fees and expenses, including fees and expenses covering the <br> cost of insurance under the Policy and the cost of the optional benefits <br> available under the Policy. Certain fees and expenses are set based on <br> characteristics of the insured (*e.g.*, age, sex, and rating classification). You <br> should view your Policy specifications page for rates applicable to your <br> Policy.<br> You will also bear expenses associated with the Funds under the Policy, as <br> shown in the following table: | &nbsp;&nbsp; **Fee Table**<br> **Charges,**<br> **Deductions And**<br> **Refunds**<br> **Appendix A –**<br> **Funds**<br> **Available**<br> **Under The**<br> **Policy (Located** <br> **In This** <br> **Supplement)** |
| **Ongoing Fees**<br> **and Expenses** | **Annual Fee** | **Minimum** | **Maximum** | &nbsp;&nbsp; **Fee Table**<br> **Charges,**<br> **Deductions And**<br> **Refunds**<br> **Appendix A –**<br> **Funds**<br> **Available**<br> **Under The**<br> **Policy (Located** <br> **In This** <br> **Supplement)** |
| **Ongoing Fees**<br> **and Expenses** | &nbsp;&nbsp; Investment Options<br> (Fund fees and expenses)<sup>1</sup> <br>| 0.34%<sup>1</sup> <br>| 3.38%<sup>1</sup> <br>| &nbsp;&nbsp; **Fee Table**<br> **Charges,**<br> **Deductions And**<br> **Refunds**<br> **Appendix A –**<br> **Funds**<br> **Available**<br> **Under The**<br> **Policy (Located** <br> **In This** <br> **Supplement)** |
| **Ongoing Fees**<br> **and Expenses** | &nbsp;&nbsp;&nbsp;&nbsp; <br><sup>1</sup> <br>As a percentage of Fund net assets. | &nbsp;&nbsp;&nbsp;&nbsp; <br><sup>1</sup> <br>As a percentage of Fund net assets. | &nbsp;&nbsp;&nbsp;&nbsp; <br><sup>1</sup> <br>As a percentage of Fund net assets. | &nbsp;&nbsp; **Fee Table**<br> **Charges,**<br> **Deductions And**<br> **Refunds**<br> **Appendix A –**<br> **Funds**<br> **Available**<br> **Under The**<br> **Policy (Located** <br> **In This** <br> **Supplement)** |

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**RISKS** **Location In The** **Prospectus** 

**RESTRICTIONS** **Location In The** **Prospectus** 

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**RESTRICTIONS (CONT.)** **Location In The** **Prospectus** 

**TAXES** **Location In The** **Prospectus** 

**CONFLICTS OF INTEREST** **Location In The** **Prospectus** 

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**APPENDIX A - FUNDS** <br>**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 https://dfinview.com/DelawareLife/TAHD/86680A509?site=Life. You can also request this information at no cost at https://dfinreports.com/DelawareLife, by calling (888) 594-2654, or by sending an email request to customer.relations@delawarelife.com.

The current expenses and performance information below reflects fees and expenses of the Funds, but does 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. A Fund's past performance is not necessarily an indication of future performance.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type** | **Fund** | **Adviser/Subadviser** | **Current**<br> **Expenses** | **Average Annual Total Returns**<br> **(as of 12/31/25)** | **Average Annual Total Returns**<br> **(as of 12/31/25)** | **Average Annual Total Returns**<br> **(as of 12/31/25)** |
| **Type** | **Fund** | **Adviser/Subadviser** | **Current**<br> **Expenses** | **1 Year** | **5 Year** | **10 Year** |
| Allocation - Moderate | AB Variable Products Series Fund, Inc.<br> **Balanced Hedged Allocation Portfolio**<br> **Class B**<br>| AllianceBernstein, L.P. | 0.98%<sup>1</sup> <br>| 17.36% | &nbsp;&nbsp; 5.64% | &nbsp;&nbsp; 6.74% |
| Equity - Global Large <br> Cap<br>| AB Variable Products Series Fund, Inc.<br> **International Value Portfolio**<br> **Class B**<sup>2</sup> <br>| AllianceBernstein, L.P. | 1.17% | 41.27% | 10.19% | &nbsp;&nbsp; 6.37% |
| Fixed Income - US | American Funds Insurance Series<sup>®</sup> <br>**American High-Income Trust**<sup>®</sup> <br>**Class 2**<br>| Capital Research and <br> Management Company<br>| 0.62%<sup>1</sup> <br>| &nbsp;&nbsp; 8.24% | &nbsp;&nbsp; 5.60% | &nbsp;&nbsp; 6.96% |
| Equity - Global Large <br> Cap<br>| American Funds Insurance Series<sup>®</sup> <br>**Capital World Growth and Income Fund**<sup>®</sup> <br>**Class 2**<br>| Capital Research and <br> Management Company<br>| 0.66%<sup>1</sup> <br>| 24.80% | 10.29% | 11.02% |
| Equity - Global Large <br> Cap<br>| American Funds Insurance Series<sup>®</sup> <br>**EUPAC Fund™**<sup>3</sup> <br>**Class 2**<br>| Capital Research and <br> Management Company<br>| 0.72%<sup>1</sup> <br>| 26.77% | &nbsp;&nbsp; 3.40% | &nbsp;&nbsp; 7.00% |
| Equity - Global Large <br> Cap<br>| American Funds Insurance Series<sup>®</sup> <br>**Global Growth Fund**<br> **Class 2**<br>| Capital Research and <br> Management Company<br>| 0.65%<sup>1</sup> <br>| 21.62% | &nbsp;&nbsp; 8.23% | 12.17% |
| Equity - US Large Cap <br> Growth<br>| American Funds Insurance Series<sup>®</sup> <br>**Growth Fund**<br> **Class 2**<br>| Capital Research and <br> Management Company<br>| 0.58% | 20.24% | 13.37% | 17.97% |
| Equity - US Large Cap <br> Blend<br>| American Funds Insurance Series<sup>®</sup> <br>**Growth-Income Fund**<br> **Class 2**<br>| Capital Research and <br> Management Company<br>| 0.53% | 18.06% | 13.90% | 13.92% |
| Equity - Global Mid/<br> Small Cap<br>| American Funds Insurance Series<sup>®</sup> <br>**SMALLCAP World Fund**<sup>®</sup><sup>4</sup> <br>**Class 2**<br>| Capital Research and <br> Management Company<br>| 0.90%<sup>1</sup> <br>| 14.64% | &nbsp;&nbsp; 0.49% | &nbsp;&nbsp; 7.23% |
| Fixed Income - US | American Funds Insurance Series<sup>®</sup> <br>**The Bond Fund of America**<sup>®</sup> <br>**Class 2**<br>| Capital Research and <br> Management Company<br>| 0.47%<sup>1</sup> <br>| &nbsp;&nbsp; 7.26% | -0.14% | &nbsp;&nbsp; 2.36% |
| Equity - US Large Cap <br> Value<br>| American Funds Insurance Series<sup>®</sup> <br>**Washington Mutual Investors Fund**<br> **Class 2**<br>| Capital Research and <br> Management Company<br>| 0.50%<sup>1</sup> <br>| 17.21% | 13.89% | 12.36% |
| Allocation - Moderate | BlackRock Variable Series Funds, Inc.<br> **BlackRock Global Allocation V.I. Fund**<br> **Class III**<br>| BlackRock Advisors, LLC /<br> BlackRock International <br> Limited, BlackRock <br> (Singapore) Limited<br>| 1.01%<sup>1</sup> <br>| 19.42% | &nbsp;&nbsp; 5.51% | &nbsp;&nbsp; 7.33% |
| Equity - US Small Cap | Columbia Funds Variable Insurance Trust<br> **Acorn Fund**<sup>2</sup> <br>| Columbia Management <br> Investment Advisers, LLC<br>| 0.91%<sup>1</sup> <br>| &nbsp;&nbsp; 4.47% | &nbsp;&nbsp; 1.02% | &nbsp;&nbsp; 8.66% |
| Equity - US Large Cap <br> Growth<br>| Columbia Funds Variable Series Trust II<br> **Columbia Variable Portfolio –** <br> **Cornerstone Growth Fund**<sup>5</sup> <br>**Class 2**<br>| Columbia Management <br> Investment Advisers, LLC<br>| 0.97% | 15.85% | 13.75% | 15.69% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type** | **Fund** | **Adviser/Subadviser** | **Current**<br> **Expenses** | **Average Annual Total Returns**<br> **(as of 12/31/25)** | **Average Annual Total Returns**<br> **(as of 12/31/25)** | **Average Annual Total Returns**<br> **(as of 12/31/25)** |
| **Type** | **Fund** | **Adviser/Subadviser** | **Current**<br> **Expenses** | **1 Year** | **5 Year** | **10 Year** |
| Equity - US Small Cap | Deutsche DWS Investments VIT Funds<br> **DWS Small Cap Index VIP**<br> **Class B**<sup>6</sup> <br>| DWS Investment <br> Management Americas, Inc. /<br> Northern Trust Investments, <br> Inc.<br>| 0.66%<sup>1</sup> <br>| 12.37% | &nbsp;&nbsp; 5.54% | &nbsp;&nbsp; 9.03% |
| Allocation - Moderate | Variable Insurance Products Fund III<br> **Fidelity**<sup>®</sup> **Variable Insurance Products** <br> **Balanced Portfolio**<br> **Service Class 2**<br>| Fidelity Management & <br> Research Company, LLC /<br> FMR Investment <br> Management (UK) Limited, <br> Fidelity Management & <br> Research (Hong Kong) <br> Limited, Fidelity Management <br> & Research (Japan) Limited<br>| 0.66% | 14.96% | &nbsp;&nbsp; 9.24% | 10.84% |
| Equity - US Large Cap <br> Growth<br>| Variable Insurance Products Fund II<br> **Fidelity**<sup>®</sup> **Variable Insurance Products** <br> **Contrafund**<sup>®</sup> **Portfolio**<br> **Service Class 2**<br>| Fidelity Management & <br> Research Company, LLC /<br> FMR Investment <br> Management (UK) Limited, <br> Fidelity Management & <br> Research (Hong Kong) <br> Limited, Fidelity Management <br> & Research (Japan) Limited<br>| 0.79% | 21.24% | 15.08% | 15.49% |
| Allocation - Target <br> Date<br>| Variable Insurance Products Fund V<br> **Fidelity**<sup>®</sup> **Variable Insurance Products** <br> **Freedom 2020 Portfolio**<br> **Service Class 2**<sup>6</sup> <br>| Fidelity Management & <br> Research Company, LLC<br>| 0.69% | 12.99% | &nbsp;&nbsp; 4.57% | &nbsp;&nbsp; 7.11% |
| Allocation - Target <br> Date<br>| Variable Insurance Products Fund V<br> **Fidelity**<sup>®</sup> **Variable Insurance Products** <br> **Freedom 2030 Portfolio**<br> **Service Class 2**<sup>6</sup> <br>| Fidelity Management & <br> Research Company, LLC<br>| 0.74% | 15.16% | &nbsp;&nbsp; 5.98% | &nbsp;&nbsp; 8.61% |
| Equity - US Large Cap <br> Blend<br>| Variable Insurance Products Fund II<br> **Fidelity**<sup>®</sup> **Variable Insurance Products** <br> **Index 500 Portfolio**<br> **Service Class 2**<br>| Fidelity Management & <br> Research Company, LLC /<br> Geode Capital Management, <br> LLC<br>| 0.34% | 17.48% | 14.03% | 14.42% |
| Equity - US Mid Cap | Variable Insurance Products Fund III<br> **Fidelity**<sup>®</sup> **Variable Insurance Products** <br> **Mid Cap Portfolio**<br> **Service Class 2**<br>| Fidelity Management & <br> Research Company, LLC /<br> FMR Investment <br> Management (UK) Limited, <br> Fidelity Management & <br> Research (Hong Kong) <br> Limited, Fidelity Management <br> & Research (Japan) Limited<br>| 0.80% | 11.49% | &nbsp;&nbsp; 9.83% | 10.31% |
| Equity - International <br> All Cap<br>| First Eagle Variable Funds<br> **First Eagle Overseas Variable Fund**<br>| First Eagle Investment <br> Management, LLC<br>| 1.21%<sup>1</sup> <br>| 37.47% | &nbsp;&nbsp; 9.02% | &nbsp;&nbsp; 7.61% |
| Allocation - Moderate | Franklin Templeton Variable Insurance <br> Products Trust<br> **Franklin Allocation VIP Fund**<br> **Class 2**<sup>6</sup> <br>| Franklin Advisers, Inc. /<br> Templeton Global Advisors <br> Limited, Franklin Templeton <br> Institutional, LLC, <br> Brandywine Global <br> Investment Management, <br> LLC, ClearBridge <br> Investments, LLC, Western <br> Asset Management Company, <br> LLC, Western Asset <br> Management Company <br> Limited<br>| 0.82%<sup>1</sup> <br>| 12.60% | &nbsp;&nbsp; 5.73% | &nbsp;&nbsp; 7.32% |
| Allocation - Cautious | Franklin Templeton Variable Insurance <br> Products Trust<br> **Franklin Income VIP Fund**<br> **Class 2**<br>| Franklin Advisers, Inc. | 0.72% | 12.56% | &nbsp;&nbsp; 7.66% | &nbsp;&nbsp; 7.30% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type** | **Fund** | **Adviser/Subadviser** | **Current**<br> **Expenses** | **Average Annual Total Returns**<br> **(as of 12/31/25)** | **Average Annual Total Returns**<br> **(as of 12/31/25)** | **Average Annual Total Returns**<br> **(as of 12/31/25)** |
| **Type** | **Fund** | **Adviser/Subadviser** | **Current**<br> **Expenses** | **1 Year** | **5 Year** | **10 Year** |
| Allocation - Large Cap <br> Equity<br>| Franklin Templeton Variable Insurance <br> Products Trust<br> **Franklin Mutual Shares VIP Fund**<br> **Class 2**<br>| Franklin Mutual Advisers, <br> LLC<br>| 0.94% | 11.52% | &nbsp;&nbsp; 9.20% | &nbsp;&nbsp; 7.53% |
| Equity - US Small Cap | Franklin Templeton Variable Insurance <br> Products Trust<br> **Franklin Small Cap Value VIP Fund**<br> **Class 2**<br>| Franklin Mutual Advisers, <br> LLC<br>| 0.91%<sup>1</sup> <br>| &nbsp;&nbsp; 7.65% | &nbsp;&nbsp; 8.86% | &nbsp;&nbsp; 9.81% |
| Fixed Income - US | Franklin Templeton Variable Insurance <br> Products Trust<br> **Franklin Strategic Income VIP Fund**<br> **Class 2**<br>| Franklin Advisers, Inc. | 1.07%<sup>1</sup> <br>| &nbsp;&nbsp; 7.24% | &nbsp;&nbsp; 1.92% | &nbsp;&nbsp; 3.10% |
| Fixed Income - US | Franklin Templeton Variable Insurance <br> Products Trust<br> **Franklin U.S. Government Securities VIP** <br> **Fund**<br> **Class 2**<br>| Franklin Advisers, Inc. | 0.79% | &nbsp;&nbsp; 6.69% | &nbsp;&nbsp; 0.02% | &nbsp;&nbsp; 1.14% |
| Equity - US Mid Cap | AIM Variable Insurance Funds (Invesco <br> Variable Insurance Funds)<br> **Invesco V.I. American Value Fund**<br> **Series II**<br>| Invesco Advisers, Inc. | 1.14% | 20.76% | 17.56% | 12.01% |
| Equity - US Large Cap <br> Value<br>| AIM Variable Insurance Funds (Invesco <br> Variable Insurance Funds)<br> **Invesco V.I. Comstock Fund**<br> **Series II**<br>| Invesco Advisers, Inc. | 1.00% | 17.14% | 15.14% | 11.67% |
| Equity - US Large Cap <br> Blend<br>| AIM Variable Insurance Funds (Invesco <br> Variable Insurance Funds)<br> **Invesco V.I. Core Equity Fund**<br> **Series I**<br>| Invesco Advisers, Inc. | 0.80% | 16.17% | 12.81% | 11.73% |
| Equity - US Large Cap <br> Growth<br>| AIM Variable Insurance Funds (Invesco <br> Variable Insurance Funds)<br> **Invesco V.I. Discovery Large Cap Fund**<br> **Series II**<br>| Invesco Advisers, Inc. | 1.05%<sup>1</sup> <br>| 12.53% | 11.41% | 13.94% |
| Allocation - Moderate | AIM Variable Insurance Funds (Invesco <br> Variable Insurance Funds)<br> **Invesco V.I. Equity and Income Fund**<br> **Series II**<br>| Invesco Advisers, Inc. | 0.82% | 12.52% | &nbsp;&nbsp; 8.68% | &nbsp;&nbsp; 8.64% |
| Equity - Global Large <br> Cap<br>| AIM Variable Insurance Funds (Invesco <br> Variable Insurance Funds)<br> **Invesco V.I. EQV International Equity** <br> **Fund**<br> **Series I**<br>| Invesco Advisers, Inc. | 0.90% | 16.50% | &nbsp;&nbsp; 3.68% | &nbsp;&nbsp; 6.22% |
| Equity - Global Large <br> Cap<br>| AIM Variable Insurance Funds (Invesco <br> Variable Insurance Funds)<br> **Invesco V.I. Global Fund**<br> **Series II**<br>| Invesco Advisers, Inc. | 1.06% | 15.02% | &nbsp;&nbsp; 7.01% | 10.72% |
| Equity - US Large Cap <br> Blend<br>| AIM Variable Insurance Funds (Invesco <br> Variable Insurance Funds)<br> **Invesco V.I. Main Street Fund**<sup>®</sup> <br>**Series II**<sup>2</sup> <br>| Invesco Advisers, Inc. | 1.05%<sup>1</sup> <br>| 15.64% | 12.19% | 12.25% |
| Equity - US Small Cap | MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **Blended Research**<sup>®</sup> **Small Cap** <br> **Equity Portfolio**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.58%<sup>1</sup> <br>| &nbsp;&nbsp; 5.76% | &nbsp;&nbsp; 6.92% | &nbsp;&nbsp; 9.10% |
| Allocation - Cautious | MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **Conservative Allocation Portfolio**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.70% | 10.00% | &nbsp;&nbsp; 3.09% | &nbsp;&nbsp; 5.70% |

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|:---|:---|:---|:---|:---|:---|:---|
| **Type** | **Fund** | **Adviser/Subadviser** | **Current**<br> **Expenses** | **Average Annual Total Returns**<br> **(as of 12/31/25)** | **Average Annual Total Returns**<br> **(as of 12/31/25)** | **Average Annual Total Returns**<br> **(as of 12/31/25)** |
| **Type** | **Fund** | **Adviser/Subadviser** | **Current**<br> **Expenses** | **1 Year** | **5 Year** | **10 Year** |
| Fixed Income - US | MFS<sup>®</sup> Variable Insurance Trust II<br> **MFS**<sup>®</sup> **Corporate Bond Portfolio**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.88%<sup>1</sup> <br>| &nbsp;&nbsp; 7.30% | -0.32% | &nbsp;&nbsp; 3.06% |
| Equity - Global <br> Emerging Markets<br>| MFS<sup>®</sup> Variable Insurance Trust II<br> **MFS**<sup>®</sup> **Emerging Markets Equity** <br> **Portfolio**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 1.48%<sup>1</sup> <br>| 33.35% | &nbsp;&nbsp; 4.11% | &nbsp;&nbsp; 7.65% |
| Equity - Real Estate <br> Sector<br>| MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **Global Real Estate Portfolio**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.90%<sup>1</sup> <br>| &nbsp;&nbsp; 3.53% | &nbsp;&nbsp; 1.32% | &nbsp;&nbsp; 5.01% |
| Allocation - Cautious | MFS<sup>®</sup> Variable Insurance Trust II<br> **MFS**<sup>®</sup> **Global Tactical Allocation Portfolio**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 1.03%<sup>1</sup> <br>| 15.21% | &nbsp;&nbsp; 4.60% | &nbsp;&nbsp; 5.40% |
| Fixed Income - US | MFS<sup>®</sup> Variable Insurance Trust II<br> **MFS**<sup>®</sup> **Government Securities Portfolio**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.81%<sup>1</sup> <br>| &nbsp;&nbsp; 6.63% | -0.94% | &nbsp;&nbsp; 1.03% |
| Allocation - Aggressive | MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **Growth Allocation Portfolio**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.80% | 12.18% | &nbsp;&nbsp; 6.19% | &nbsp;&nbsp; 9.22% |
| Equity - US Large Cap <br> Growth<br>| MFS<sup>®</sup> Variable Insurance Trust<br> **MFS**<sup>®</sup> **Growth Series**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.73%<sup>1</sup> <br>| 12.19% | 11.10% | 15.60% |
| Fixed Income - US | MFS<sup>®</sup> Variable Insurance Trust II<br> **MFS**<sup>®</sup> **High Yield Portfolio**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.72%<sup>1</sup> <br>| &nbsp;&nbsp; 8.65% | &nbsp;&nbsp; 3.87% | &nbsp;&nbsp; 5.56% |
| Fixed Income - US | MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **Inflation-Adjusted Bond Portfolio**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.60%<sup>1</sup> <br>| &nbsp;&nbsp; 8.63% | -3.09% | &nbsp;&nbsp; 1.10% |
| Equity - Global Large <br> Cap<br>| MFS<sup>®</sup> Variable Insurance Trust II<br> **MFS**<sup>®</sup> **International Growth Portfolio**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 1.13%<sup>1</sup> <br>| 20.81% | &nbsp;&nbsp; 6.80% | &nbsp;&nbsp; 9.60% |
| Fixed Income - US | MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **Limited Maturity Portfolio**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.48%<sup>1</sup> <br>| &nbsp;&nbsp; 5.83% | &nbsp;&nbsp; 2.56% | &nbsp;&nbsp; 2.70% |
| Equity - US Mid Cap | MFS<sup>®</sup> Variable Insurance Trust<br> **MFS**<sup>®</sup> **Mid Cap Growth Series**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.81%<sup>1</sup> <br>| &nbsp;&nbsp; 3.66% | &nbsp;&nbsp; 3.26% | 11.60% |
| Equity - US Mid Cap | MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **Mid Cap Value Portfolio**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.79%<sup>1</sup> <br>| &nbsp;&nbsp; 5.98% | 10.18% | &nbsp;&nbsp; 9.95% |
| Allocation - Moderate | MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **Moderate Allocation Portfolio**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.72% | 11.29% | &nbsp;&nbsp; 4.82% | &nbsp;&nbsp; 7.62% |
| Equity - US Small Cap | MFS<sup>®</sup> Variable Insurance Trust<br> **MFS**<sup>®</sup> **New Discovery Series**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.87%<sup>1</sup> <br>| 12.96% | -0.28% | 10.74% |
| Equity - US Small Cap | MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **New Discovery Value Portfolio**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.88%<sup>1</sup> <br>| &nbsp;&nbsp; 3.08% | &nbsp;&nbsp; 8.48% | 10.58% |
| Equity - Global Large <br> Cap<br>| MFS<sup>®</sup> Variable Insurance Trust II<br> **MFS**<sup>®</sup> **Research International Portfolio**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 1.15%<sup>1</sup> <br>| 21.75% | &nbsp;&nbsp; 5.25% | &nbsp;&nbsp; 7.27% |
| Equity - US Large Cap <br> Blend<br>| MFS<sup>®</sup> Variable Insurance Trust<br> **MFS**<sup>®</sup> **Research Series**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.74%<sup>1</sup> <br>| 12.85% | 11.15% | 12.93% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type** | **Fund** | **Adviser/Subadviser** | **Current**<br> **Expenses** | **Average Annual Total Returns**<br> **(as of 12/31/25)** | **Average Annual Total Returns**<br> **(as of 12/31/25)** | **Average Annual Total Returns**<br> **(as of 12/31/25)** |
| **Type** | **Fund** | **Adviser/Subadviser** | **Current**<br> **Expenses** | **1 Year** | **5 Year** | **10 Year** |
| Fixed Income - US | MFS<sup>®</sup> Variable Insurance Trust<br> **MFS**<sup>®</sup> **Total Return Bond Series**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.53%<sup>1</sup> <br>| &nbsp;&nbsp; 7.17% | &nbsp;&nbsp; 0.15% | &nbsp;&nbsp; 2.63% |
| Allocation - Moderate | MFS<sup>®</sup> Variable Insurance Trust<br> **MFS**<sup>®</sup> **Total Return Series**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.86%<sup>1</sup> <br>| 10.91% | &nbsp;&nbsp; 6.16% | &nbsp;&nbsp; 7.36% |
| US Money Market | MFS<sup>®</sup> Variable Insurance Trust II<br> **MFS**<sup>®</sup> **U.S. Government Money Market** <br> **Portfolio**<br> **Initial Class**<sup>7</sup> <br>| Massachusetts Financial <br> Services Company<br>| 0.45%<sup>1</sup> <br>| &nbsp;&nbsp; 3.85% | &nbsp;&nbsp; 2.87% | &nbsp;&nbsp; 1.77% |
| Equity - Utilities <br> Sector<br>| MFS<sup>®</sup> Variable Insurance Trust<br> **MFS**<sup>®</sup> **Utilities Series**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 1.03%<sup>1</sup> <br>| 14.76% | &nbsp;&nbsp; 7.38% | &nbsp;&nbsp; 9.22% |
| Equity - US Large Cap <br> Value<br>| MFS<sup>®</sup> Variable Insurance Trust<br> **MFS**<sup>®</sup> **Value Series**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.69%<sup>1</sup> <br>| 13.01% | &nbsp;&nbsp; 9.95% | 10.05% |
| Equity - US Large Cap <br> Value<br>| MFS<sup>®</sup> Variable Insurance Trust<br> **MFS**<sup>®</sup> **Value Series**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.94%<sup>1</sup> <br>| 12.77% | &nbsp;&nbsp; 9.69% | &nbsp;&nbsp; 9.77% |
| Equity - US Mid Cap | Morgan Stanley Variable Insurance Fund, <br> Inc.<br> **Discovery Portfolio**<br> **Class II**<br>| Morgan Stanley Investment <br> Management, Inc.<br>| 1.05%<sup>1</sup> <br>| 12.44% | -5.46% | 14.04% |
| Commodities Broad <br> Basket<br>| PIMCO Variable Insurance Trust<br> **PIMCO CommodityRealReturn**<sup>®</sup> <br> **Strategy Portfolio**<br> **Administrative Class**<br>| Pacific Investment <br> Management Company LLC<br>| 3.19%<sup>1</sup> <br>| 18.79% | 10.55% | &nbsp;&nbsp; 6.54% |
| Fixed Income - <br> Emerging Markets<br>| PIMCO Variable Insurance Trust<br> **PIMCO Emerging Markets Bond** <br> **Portfolio**<br> **Administrative Class**<br>| Pacific Investment <br> Management Company LLC<br>| 1.17% | 14.98% | &nbsp;&nbsp; 2.44% | &nbsp;&nbsp; 5.06% |
| Allocation - Moderate | PIMCO Variable Insurance Trust<br> **PIMCO Global Managed Asset Allocation** <br> **Portfolio**<br> **Administrative Class**<br>| Pacific Investment <br> Management Company LLC<br>| 1.21%<sup>1</sup> <br>| 21.90% | &nbsp;&nbsp; 7.02% | &nbsp;&nbsp; 7.98% |
| Fixed Income - US | PIMCO Variable Insurance Trust<br> **PIMCO Real Return Portfolio**<br> **Administrative Class**<sup>2</sup> <br>| Pacific Investment <br> Management Company LLC<br>| 1.39% | &nbsp;&nbsp; 7.85% | &nbsp;&nbsp; 1.21% | &nbsp;&nbsp; 3.21% |
| Fixed Income - US | PIMCO Variable Insurance Trust<br> **PIMCO Total Return Portfolio**<br> **Administrative Class**<sup>2</sup> <br>| Pacific Investment <br> Management Company LLC<br>| 0.73% | &nbsp;&nbsp; 8.89% | &nbsp;&nbsp; 0.02% | &nbsp;&nbsp; 2.36% |
| Equity - Global Large <br> Cap<br>| Franklin Templeton Variable Insurance <br> Products Trust<br> **Templeton Growth VIP Fund**<br> **Class 2**<br>| Templeton Global Advisors <br> Limited / Templeton Asset <br> Management Ltd.<br>| 1.12%<sup>1</sup> <br>| 23.83% | &nbsp;&nbsp; 7.95% | &nbsp;&nbsp; 7.04% |

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The Fund's current expenses are subject to a temporary expense reimbursement and/or fee waiver. Please refer to the Fund's prospectus for more information.

Only available for investment under Policies with Investment Start Dates prior to October 6, 2008.

Prior to May 1, 2026, the name of this fund was International Fund.

Prior to May 1, 2026, the name of this fund was Global Small Capitalization Fund.

Prior to May 1, 2026, the name of this fund was Columbia Variable Portfolio - Large Cap Growth Fund.

Not available for investment of new premium or transfers on and after November 15, 2010.

There is no assurance that this Fund will be able to maintain a stable net asset value per share. In addition, during periods of low interest rates, and partly as a result of asset based separate account charges, the yield on this Fund may become low and possibly negative.

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The prospectus and statement of additional information (SAI) dated May 1, 2025, as supplemented, include additional information. The prospectus and SAI are available, without charge, upon request at https://dfinreports.com/DelawareLife. You can request the prospectus and SAI, or other information at no cost by calling 1-888-594-2654, or by sending an email request to customer.relations@delawarelife.com. You can also access other information about the Policy online at https://dfinview.com/DelawareLife/TAHD/86680A509?site=Life.

Reports and other information about the Variable Account are available on the SEC's website at https://www.sec.gov and copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.

EDGAR Contract Identifier No.: C000051351

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