# EDGAR Filing Document

**Accession Number:** 0000906982
**File Stem:** 0001193125-26-199960
**Filing Date:** 2026-5
**Character Count:** 58148
**Document Hash:** cecb073212ebc87af22978b3c84b909e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-199960.hdr.sgml**: 20260501

**ACCESSION NUMBER**: 0001193125-26-199960

**CONFORMED SUBMISSION TYPE**: 497VPU

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260501

**DATE AS OF CHANGE**: 20260501

**EFFECTIVENESS DATE**: 20260501

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEW YORK LIFE INS & ANNUITY CORP VAR UNIV LIFE SEP ACC I
- **CENTRAL INDEX KEY:** 0000906982

**ORGANIZATION NAME:**
- **EIN:** 133044743
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497VPU
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-64410
- **FILM NUMBER:** 26929886

**BUSINESS ADDRESS:**
- **STREET 1:** 51 MADISON AVE, ROOM 10SB
- **STREET 2:** ATTENTION:  LARRY ROONEY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** (212) 576-6822

**MAIL ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE, ROOM 10SB
- **STREET 2:** ATTENTION:  LARRY ROONEY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

## Series and Classes Contracts Data

### NEW YORK LIFE INS & ANNUITY CORP VAR UNIV LIFE SEP ACC I (Series ID: S000009365)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000034211 | Flexible Premium Variable Universal Life |  |

**New York Life Insurance and Annuity Corporation**

**Flexible Premium Variable Universal Life Insurance Policies** 

**<u>UPDATING SUMMARY PROSPECTUS FOR EXISTING INVESTORS</u>**

**May 1, 2026**

**A flexible premium variable universal life insurance contract offered to individuals under NYLIAC Variable Universal Life Separate Account-I**

This summary prospectus summarizes significant changes to the NYLIAC Flexible Premium Variable Universal Life ("Flex VUL") policy, an individual, flexible premium variable universal life insurance policy issued by New York Life Insurance and Annuity Corporation ("NYLIAC"), since May 1, 2025, the effective date of last year's update to the prospectus for this policy. The prospectus contains more information about the policy, including its features, benefits and risks. You can find the current prospectus and other information about the policy online at https://dfinview.com/NewYorkLife/PUFT/flexvul, or (also at no cost) by calling us at 1-800-598-2019 or by sending an email request to FlexVULProspectus@newyorklife.com or through the New York Life Insurance Company Mobile Application ("mobile application"), available for download on the Apple App Store and Google Play Store.

Additional information about certain investment products, including variable life insurance, has been prepared by the Securities and Exchange Commission's staff and is available online at Investor.gov.

The Flex VUL policy insures one person and pays a benefit upon that person's death. Policies have risks including risk of loss of the amount invested. Policies are not deposits of, or guaranteed or endorsed by, any bank and are not federally insured by the FDIC, Federal Reserve Board, or any other agency.

The policy is no longer offered for sale. However, we will still accept additional premiums under existing policies. The words "we," "our" or "us" refer to NYLIAC and the words "you" or "your" refer to the policyowner.

***The Securities and Exchange Commission ("SEC") has not approved or disapproved of this security or passed upon the accuracy or adequacy of this summary prospectus. Any representation to the contrary is a criminal offense.***

Please use one of the following addresses for service requests:

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|:---|:---|
| **Regular Mail** | **Express Mail** |
| NYLIAC<br> Variable Products Service Center<br> Madison Square Station<br> P.O. Box 922<br> New York, NY 10159<br>| &nbsp;&nbsp; NYLIAC<br> Variable Products Service Center<br> 51 Madison Avenue<br> Floor 3B, Room 0304<br> New York, NY 10010<br>|

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or call our toll-free number: 1-800-598-2019

For submitting death claim forms only, you may also use:

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|:---|
| **Regular Mail** |
| New York Life<br> P.O. Box 130539<br> Dallas, TX 75313-0539<br>|

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Premium payments and loan repayments should be sent to us at:

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|:---|:---|
| **Regular Mail** | **Express Mail** |
| NYLIAC<br> 75 Remittance Drive, Suite 3021<br> Chicago, IL 60675-3021<br>| &nbsp;&nbsp; NYLIAC<br> 5450 N. Cumberland Avenue, Suite 100<br> Chicago, IL 60656-1422<br>|

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**Table of Contents** 

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|:---|:---|
|  | **Page** |
| **[Definitions](#xx_f37847a9-acd4-4ff3-8d51-718d886a1de6_1)** | &nbsp;&nbsp; 1<br>|
| **[Updated Information About Your Policy](#xx_a55a1ff2-f778-4994-8600-837fc64291dc_1)** | &nbsp;&nbsp; 3<br>|
| **[Important Information You Should Consider About the policy](#xx_a55a1ff2-f778-4994-8600-837fc64291dc_2)** | &nbsp;&nbsp; 4<br>|
| **[Appendix: Eligible Portfolios Available Under the Policy](#xx_d80b4e22-42a9-44c0-8d27-fe440f6722b1_1)** | &nbsp;&nbsp; 8<br>|

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**Definitions**

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The references in the definitions below, for more information, are to sections of the full statutory prospectus.

More detailed information concerning certain terms defined below is provided in "Definitions" in the full statutory prospectus.

**Cash Surrender Value:** The Cash Value, less any surrender charges that may apply, any deferred contract charge applicable during the first policy year, and any outstanding loans and accrued loan interest. This is the amount we will pay you if you surrender your policy. See "Surrenders" for more information.

**Cash Value:** The total value of your policy's accumulation units in the Separate Account Value, plus any amount in the Fixed Account.

**Cost of Insurance Charge:** A charge that is deducted from your policy's Cash Value on each Monthly Deduction Day for the cost of providing a Life Insurance Benefit to you. The initial rate of the monthly Cost of Insurance Charge is based upon our underwriting of your policy. Your Cost of Insurance Charge may vary from month to month depending on cost of insurance rates and the Net Amount at Risk. For more information, please see "Charges Associated with the Policy—Cost of Insurance Charge".

**Eligible Portfolios ("Portfolios"):** The mutual fund portfolios of the Funds that are available for investment through the Investment Divisions of the Separate Account.

**Face Amount:** The base face amount, plus the face amount of any term insurance on other covered insured riders in effect, plus or minus any changes made to the face amount of any riders. The base face amount is the initial face amount shown on your Policy Data Page, plus or minus any changes made to the initial face amount.

**Fixed Account:** An account we credit with a fixed interest rate that we declare periodically in advance, in our sole discretion. This rate can change, but will never be less than the Guaranteed Minimum Interest Rate. The Fixed Account is supported by assets in NYLIAC's General Account. The amount in the Fixed Account earns interest which accrues and is credited on a daily basis.

**Flat Extra:** An additional charge that may be assessed and added to the monthly cost of insurance charge to cover an additional risk on the Insured.

**General Account:** An account representing all of NYLIAC's assets, liabilities, capital and surplus, income, gains, or losses that are not included in the Separate Account or any other separate account. These assets are subject to the claims of our general creditors. We allocate any Net Premium payments you make during the free look period to this account.

**Good Order:** A request or transaction is in Good Order if it complies with our administrative procedures, and the required information is complete and correct. This means the actual receipt by us of your request and any instructions related to the request in writing (or, if permitted, by telephone or electronic means), along with all forms, and any other information or documentation necessary to complete the transaction. We may, in our sole discretion, determine whether any particular request or transaction is in Good Order. We may reject or delay a request or transaction if the information needed is not in Good Order. If you have any questions, you should contact us or your registered representative before submitting a form or request.

**Investment Division:** A division of the Separate Account. Each Investment Division invests exclusively in shares of a specified Eligible Portfolio.

**Investment Options:** Policy investment options that consist of the Investment Divisions and the Fixed Account.

**Issue Date:** The date we issue the policy as specified on the Policy Data Page.

**Life Insurance Benefit:** The benefit calculated under the Life Insurance Benefit Option you have chosen.

**Monthly Deduction Day:** The date that we deduct your monthly contract charge, cost of insurance charge, and any rider charges from your policy's Cash Value. The first Monthly Deduction Day will be the monthly anniversary of the Policy Date on or following the Issue Date. However, if we have not received your initial premium payment as of the Issue Date, the first Monthly Deduction Day will be the monthly anniversary of the Policy Date on or following the date

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we receive the initial premium payment in Good Order. If a Monthly Deduction Day falls on a day that is not a Business Day, the Monthly Deduction Charges will be deducted on the following Business Day.

**Mortality and Expense Risk:** The risk that the group of lives we have insured under our policies will not live as long as we expect (mortality risk); and the risk that the cost of issuing and administering the policies will be greater than we have estimated (expense risk).

**Net Amount at Risk:** The difference between (i) the Life Insurance Benefit divided by 1.00327, and (ii) the policy's Cash Value. See "Deductions from Cash Value—Charge for Cost of Insurance Protection" for more information.

**Net Cash Value:** The Cash Value, less any unpaid loans and accrued interest, and less the smaller of (a) any surrender charges that may apply at time of lapse or (b) the sum of any partial withdrawals, unpaid loans and accrued interest.

**Net Premium:** The balance of a premium payment after applicable sales expense, state premium tax, and federal tax charges have been deducted.

**NYLIAC:** New York Life Insurance and Annuity Corporation.

**Policy:** Your NYLIAC Flexible Premium Variable Universal Life policy.

**Policy Data Page:** Page 2 of your policy. The Policy Data Page contains your policy's specifications.

**Policy Date:** The date we use as the starting point for determining Policy Years and Monthly Deduction Days. Your Policy Date will be the same as your Issue Date, unless you request otherwise. You can find your Policy Date on the Policy Data Page.

**Policy Proceeds:** The benefit we will pay to your beneficiary when we receive proof that the insured died while the policy is in effect. It is equal to the Life Insurance Benefit, plus any additional benefits under any riders you have chosen, minus any outstanding loans (including any accrued loan interest).

**Policy Year:** The twelve-month period starting on the Policy Date, and each twelve-month period thereafter.

**Separate Account:** NYLIAC Variable Universal Life Separate Account-I, a segregated asset account NYLIAC established to receive and invest Net Premiums that are allocated to the Investment Divisions. The Separate Account is divided into subaccounts that correspond to the Investment Divisions.

**Separate Account Value:** An amount equal to the Cash Value allocated to the Separate Account.

**Surrender Charge Guideline Annual Premium:** Same as Guideline Annual Premium, except that the calculation assumes 5% interest rate, Life Insurance Benefit Option 1, and assumes that there are no riders. It is used for purposes of calculating surrender charges.

**VPSC:** The Variable Products Service Center. You may contact the VPSC toll-free by calling 1-800-598-2019, or by sending correspondence to the addresses listed on the first page of this prospectus (or any other address we indicate to you in writing). See "Management and Organization—How to Reach Us for Policy Services" for more information.

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**Updated Information About Your Policy**

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The information in this updating summary prospectus is a summary of certain policy features that have changed since the full or statutory prospectus dated May 1, 2025. This may not reflect all of the changes that have occurred since you purchased your policy.

**Eligible Portfolios:** <br>The following have been added as Eligible Portfolios under the Policy:

&nbsp;&nbsp;&nbsp;&nbsp;● American Funds IS<sup>®</sup> Growth-Income—Class 2

&nbsp;&nbsp;&nbsp;&nbsp;● Columbia Variable Portfolio Small Company Growth—Class 1

&nbsp;&nbsp;&nbsp;&nbsp;● Fidelity<sup>®</sup> VIP International Capital Appreciation—Initial Class

&nbsp;&nbsp;&nbsp;&nbsp;● Franklin Gold and Precious Metals VIP Fund—Class 1

&nbsp;&nbsp;&nbsp;&nbsp;● Goldman Sachs VIT International Equity Insights Fund—Institutional Class

&nbsp;&nbsp;&nbsp;&nbsp;● Lord Abbett Series Fund, Inc.—Short Duration Income Portfolio—Class I

&nbsp;&nbsp;&nbsp;&nbsp;● Voya Intermediate Bond Portfolio—Class I

The names of the following Eligible Portfolio under the Policy have changed:

&nbsp;&nbsp;&nbsp;&nbsp;● For all NYLI VP Portfolios, all references to "NYLI" in the Portfolio names were deleted and replaced with "NYLIM"

&nbsp;&nbsp;&nbsp;&nbsp;● NYLI VP American Century Sustainable Equity—Initial Class has been changed to NYLIM VP American Century Large Cap Equity—Initial Class

&nbsp;&nbsp;&nbsp;&nbsp;● American Funds<sup>®</sup> IS Global Small Capitalization Fund—Class 2 has been changed to American Funds<sup>®</sup> IS SMALLCAP World Fund<sup>®</sup>—Class 2

&nbsp;&nbsp;&nbsp;&nbsp;● MFS<sup>®</sup> International Intrinsic Value Portfolio—Initial Class has been changed to MFS<sup>®</sup> International Intrinsic Equity Portfolio—Initial Class

The following Eligible Portfolio under the Policy has closed:

&nbsp;&nbsp;&nbsp;&nbsp;● Western Asset Core Plus VIT Portfolio—Class I has been closed to new investments. Premiums or transfers will only be accepted into this Portfolio from policyowners already invested in this Portfolio. Policyowners who remove all Cash Value allocations from this Portfolio will not be permitted to reinvest in this Portfolio.

The following Eligible Portfolios have Reorganized:

&nbsp;&nbsp;&nbsp;&nbsp;● Macquarie VIP Portfolios:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Macquarie VIP Emerging Markets Series—Standard Class has been changed to Nomura VIP Emerging Markets Series—Standard Class

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Macquarie VIP Small Cap Value Series—Standard Class has been changed to Nomura VIP Small Cap Value Series—Standard Class

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Delaware Management Company, a series of Macquarie Investment Management Business <br>Trust, the adviser to the Portfolios listed above, has been replaced with Delaware Management Company, a series of Nomura Investment Management Business Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Macquarie Investment Management Global Limited, has been removed as the subadviser to the Portfolios listed above

&nbsp;&nbsp;&nbsp;&nbsp;● ClearBridge Variable Portfolio:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● ClearBridge Variable Appreciation Portfolio—Class I has been changed to LVIP ClearBridge Appreciation Fund—Standard Class

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Franklin Templeton Fund Adviser, LLC, the adviser to the Portfolio listed above has been replaced with Lincoln Financial Investments Corporation

**Important Information You Should Consider About the policy**

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|:---|:---|
|  | **FEES AND EXPENSES** |
|  | **Please refer to your Policy Specifications Page for information about the** <br> **guaranteed maximum fees you will pay each year based on the options you** <br> **have selected.** |
| **Charges for Early** <br> **Withdrawals**<br>| If you fully surrender or withdraw money from your policy within a maximum of 15 <br> Face Amount Increase), <br> you may be assessed a maximum **surrender charge** equal to the applicable <br> percentage for your Policy Year multiplied by 50% of the Surrender Charge Guideline <br> Premium for issue ages 0 to 66. For issue ages 67 or older, the maximum surrender <br> charge is equal to the applicable percentage for your Policy Year multiplied by 25% of <br> the Surrender Charge Guideline Annual Premium. <br> For example, if you were under age 66 when the policy was issued and you withdraw <br> $100,000 during the first 15 years after your policy purchase (and your total <br> premiums paid were $100,000 and your Surrender Charge Guideline Annual <br> Premium was $10,000), then you could be assessed a charge of up to $5,000 on the <br> amount withdrawn. <br> For more detailed information, see Table of Fees and Expenses; Charges Associated <br> – Surrender Charge with the Policy. |
| **Transaction Charges** | In addition to surrender charges, you may be charged for other transactions. These <br> include **sales expense charges** and **tax charges** (deducted from each premium <br> payment), **partial withdrawal charges**, and charges if you exercise the Living <br> Benefits Rider.<br> We also reserve the right to impose **transfer charges** (when you transfer Cash Value <br> between Investment Options), and a **returned payment (bad check) fee**, but we <br> currently do not impose these charges.<br> For more detailed information, see Table of Fees and Expenses; Charges Associated <br> with the Policy – Deductions From Premium Payments; Charges Associated with the <br> Policy – Transaction Charges. |
| **Ongoing Fees and** <br> **Expenses** (annual charges)<br>| In addition to surrender charges and transaction charges, an investment in the policy <br> is subject to certain ongoing fees and expenses. Some of these charges, such as the <br> monthly **Cost of Insurance Charge**, **Flat Extra charges**, and certain rider charges <br> (for optional benefits), are set based on individual characteristics of the insured (*e.g*., <br> age, sex, and rating classification). Other ongoing charges include the **monthly** <br> **contract charge** (whose calculation differs by series), the **Mortality and Expense** <br> **Risk charge**, the **Separate Account Administrative charge**, and loan interest. <br> Please refer to your Policy Data Page for rates and the specific fees applicable to <br> your policy.<br> Investors will also bear expenses associated with the Eligible Portfolios , as shown in <br> the following table, which shows the minimum and maximum total operating <br> expenses deducted from Fund assets (before any fee waiver or expense <br> reimbursement) during the year ended December 31, 2025 and which may change <br> from year to year. |

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|:---|:---|:---|
| **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** |
| **Portfolios' Annual Operating Expenses (expenses that are deducted from** <br> **Portfolio assets)** | **Portfolios' Annual Operating Expenses (expenses that are deducted from** <br> **Portfolio assets)** | **Portfolios' Annual Operating Expenses (expenses that are deducted from** <br> **Portfolio assets)** |
| **Annual Fee** | **Minimum** | **Maximum** |
| Investment Options <br> (Eligible Portfolio fees <br> and expenses)<br>| 0.12% | 1.31% |
| For more detailed information, see Table of Fees and Expenses; Charges Associated <br> with the Policy; and Appendix: Eligible Portfolios Available Under the Policy for our list <br> of available Eligible Portfolios, the current expenses for these Portfolios, and the <br> Average Annual Total Returns. | For more detailed information, see Table of Fees and Expenses; Charges Associated <br> with the Policy; and Appendix: Eligible Portfolios Available Under the Policy for our list <br> of available Eligible Portfolios, the current expenses for these Portfolios, and the <br> Average Annual Total Returns. | For more detailed information, see Table of Fees and Expenses; Charges Associated <br> with the Policy; and Appendix: Eligible Portfolios Available Under the Policy for our list <br> of available Eligible Portfolios, the current expenses for these Portfolios, and the <br> Average Annual Total Returns. |

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**Risks**<br>

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| **Risk of Loss** | You can lose money by investing in this policy, including loss of your premiums <br> (principal).<br> For more detailed information, see Summary of Principal Risks of Investing in the <br> Policy; Management and Organization – About the Separate Account.<br>|
| **Not a Short-Term** <br> **Investment**<br>| This policy is not designed for short-term investing and is not appropriate for an <br> investor who needs ready access to cash.<br> The policy is designed to provide a Life Insurance Benefit or to help meet other <br> long-term financial objectives. Substantial fees, expenses, and tax implications <br> generally make variable life insurance unsuitable as a short-term savings vehicle. <br> Additionally, the policy may limit your ability to withdraw a portion of the Cash Value <br> through partial withdrawals or loans.<br> For more detailed information, see Summary of Principal Risks of Investing in the <br> Policy.<br>|
| **Risks Associated with** <br> **Investment Options**<br>| &nbsp;&nbsp;&nbsp; •An investment in this policy is subject to the risk of poor investment performance of <br> the Eligible Portfolios you choose, and the value of an investment can vary <br> depending on the performance of the Eligible Portfolios.<br>•Each investment option (the Eligible Portfolios and the Fixed Account) has its own <br> unique risks. The performance of the Eligible Portfolios will vary, and some are <br> riskier than others.<br>•A discussion of the risks of allocating your premiums or Cash Value to one or more <br> Eligible Portfolios can be found in the prospectuses for the Eligible Portfolios, which <br> are available at https://dfinview.com/NewYorkLife/PUFT/flexvul. You should review <br> the prospectuses for the Eligible Portfolios before making an investment decision.<br>For more detailed information, see Summary of Principal Risks of Investing in the <br> Policy; Management and Organization – About the Separate Account.<br>|
| **Insurance Company Risks** | &nbsp;&nbsp;&nbsp; An investment in the policy is subject to the risks related to New York Life Insurance <br> and Annuity Corporation (NYLIAC), including: <br>•Any obligations (including the Fixed Account), guarantees, and benefits of the <br> policy are subject to the claims-paying ability and financial strength of NYLIAC.<br>•There are risks relating to NYLIAC's administration of the policy, including <br> cybersecurity and infectious disease outbreak risks.<br>•If NYLIAC experiences financial distress, it may not be able to meet its obligations <br> to you. More information about NYLIAC, including its financial strength ratings, is <br> available upon request from NYLIAC at 1-800-598-2019.<br> For more detailed information, see Management and Organization; Financial <br> Statements; Summary of Principal Risks of Investing in the Policy – Insurance <br> Company Risks; Risks Affecting our Administration of Your Policy. <br>|

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| **Contract Lapse** | Your policy can lapse even if you pay all of the planned premiums on time. When a <br> policy lapses, it has no value, and no benefits are paid upon the death of the insured. <br> You may also lose the principal invested. A policy can lapse if the Net Cash Value is <br> insufficient to pay the **monthly deductions** and other charges. This can happen due <br> to insufficient premium payments, poor investment performance, withdrawals, unpaid <br> loans or loan interest, and policy charges (including increases in those charges). The <br> larger a policy loan becomes relative to the policy's Net Cash Value, the greater the <br> risk that the policy's Net Cash Value will not be sufficient to support the policy's <br> charges and expenses, including any loan interest due, and the greater the risk of the <br> policy lapsing. A policy lapse may have tax consequences.<br> A policy that has a Net Cash Value just sufficient to cover **monthly deductions** and <br> other charges, or that is otherwise minimally funded, is less likely to maintain its Net <br> Cash Value due to market fluctuation and other performance related risks. To <br> continue to keep your policy in force when the no-lapse guarantee period ends, <br> premium payments significantly higher than the premium necessary to maintain the <br> no-lapse guarantee benefit may be required.<br> If the policy lapses, there are costs and premium requirements associated with <br> reinstatement of the policy.<br> For more detailed information, see Summary of Principal Risks of Investing in the <br> Policy; Termination and Reinstatement; Premiums - Risk of Minimally Funded <br> Policies.<br>|

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**Restrictions**<br>

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| **Investment Options** | &nbsp;&nbsp;&nbsp; •You can select a maximum of 21 investment options among the available <br> Investment Divisions that invest in the Eligible Portfolios and the Fixed Account.<br>•The minimum amount that you can transfer is the lesser of (i) $500 or (ii) the total <br> value of the Accumulation Units in the Investment Division from which the transfer <br> is being made. The maximum amount that you can transfer out of the Fixed <br> Account in any Policy Year is the greater of (a) 20% of the amount in the Fixed <br> Account at the beginning of the Policy Year, or (b) $5,000.<br>•NYLIAC reserves the right to remove or substitute any Eligible Portfolios (portfolio <br> companies) as Investment Options that are available under the policy.<br>•We set limits on the number of electronic or telephonic transfer requests that can <br> be made in any period. If these limits are exceeded, any subsequent transfer <br> request must be made by U.S., mail overnight courier.<br>•In addition, we may limit your ability to make transfers involving the Investment <br> Divisions if a transfer may disadvantage or potentially harm or hurt the rights of <br> other policyowners in order to prevent market timing. We will also reject, reverse, or <br> modify a transfer request if for any reason any of the Eligible Portfolios do not <br> accept the purchase of its shares.<br>For more detailed information, see Description of the Policy - Investment Divisions <br> and the Fixed Account; Description of the Policy - Transfers Among Investment <br> Divisions and the Fixed Account; Description of the Policy - Limits on Transfers; and <br> Appendix: Eligible Portfolios Available under the Policy for our list of available Eligible <br> Portfolios.<br>|

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| **Optional Benefits:**  | &nbsp;&nbsp;&nbsp; •We may modify or discontinue offering an optional benefit at any time.<br> •There are limitations on the benefit amounts associated with some optional <br> benefits.<br>•Activation of certain benefits may affect the Face Amount, life insurance proceeds <br> or other rights under the policy.<br>•Some optional benefits have Policy Year limitations and/or age requirements.<br> •Some optional benefits may have tax implications.<br> •Some optional benefits may not be used together.<br> •Your choice of Investment Options may be limited if you elect certain benefits or <br> riders.<br>•We may change these restrictions in the future.<br> For more detailed information, see Description of the Policy—Additional Benefits <br> Through Riders and Options.<br>|

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**Taxes**<br>

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| **Tax Implications** | &nbsp;&nbsp;&nbsp; •Consult with a tax professional to determine the tax implications of an investment in <br> and payments received under this policy.<br>•If you purchase the policy through a tax-qualified plan, you do not get any <br> additional tax benefit.<br>•Earnings on your policy (if any) are taxed when you withdraw them (or if a policy <br> loan is not repaid), at ordinary income tax rates, and may be subject to a tax <br> penalty before age 59 ½.<br>For more detailed information, see Summary of Principal Risks of Investing in the <br> Policy–Tax Risks; Federal Income Tax Considerations.<br>|

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**Conflicts of Interest**<br>

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|:---|:---|
| **Investment Professional** <br> **Compensation**<br>| Your investment professional may receive compensation for selling this policy to you, <br> in the form of commissions, asset-based compensation, allowances for expenses, <br> and other compensation programs, and because NYLIAC may share the revenue it <br> earns on this policy with the professional's firm. (Your investment professional may be <br> your registered representative, broker, investment adviser, insurance agent, or <br> someone else). For these reasons, these investment professionals may have a <br> financial incentive to recommend this policy over another policy or investment.<br> For more detailed information, see Charges Associated with the <br> Policy—Commissions Paid to Dealers; Distribution and Compensation Arrangements.<br>|
| **Exchanges** | Some investment professionals may have a financial incentive to offer you a new <br> policy in place of the one you own. You should only exchange your policy if you <br> determine, after comparing the features, fees, and risks of both policies, that it is <br> preferable for you to purchase the new policy rather than continue to own your <br> existing policy. <br> For more detailed information, see Tax-Free "Section 1035" Insurance Policy <br> Exchanges.<br>|

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**Appendix: Eligible Portfolios Available Under the Policy**

***The Eligible Portfolios***

The following is a list of the Eligible Portfolios currently available under the policy. Before you invest, you should review the prospectuses for the Eligible Portfolios. These prospectuses contain more information about the Eligible Portfolios and their risks and may be amended from time to time. You can find the prospectuses and other information about the Portfolios online at https://dfinview.com/NewYorkLife/PUFT/flexvul. You can also request this information at no cost by calling 1-800-598-2019 or sending an email request to FlexVULProspectus@newyorklife.com.

The current expenses and performance information below reflects fees and expenses of the Eligible Portfolios, 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 charges were included. Each Portfolio's past performance is not necessarily an indication of future performance.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Type** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** |
| **Portfolio Type** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **1 Year** | **5 Year** | **10 Year** |
| Large Cap Equity | NYLIM VP American Century Large Cap <br> Equity (formerly NYLI VP American <br> Century Sustainable Equity)—Initial <br> Class<br>*Adviser: New York Life Investment* <br> *Management LLC ("New York Life* <br> *Investments")* <br>*Subadviser: American Century* <br> *Investment Management, Inc.*<br>| 0.68% | 11.34%  | 13.96%  | 11.86%  |
| Asset Allocation | NYLIM VP Balanced—Initial Class<br>*Adviser: New York Life Investments* <br>*Subadvisers: NYL Investors LLC ("NYLI")* <br> *and Wellington Management LLP* <br> *("Wellington")*<br>| 0.72% | 11.44%  | 7.41%  | 7.30% |
| Investment Grade Bond | NYLIM VP Bond—Initial Class<br>*Adviser: New York Life Investments* <br>*Subadviser: NYLI*<br>| 0.55% | 6.83%  | (0.63) % | 1.96% |
| International/Global Equity | NYLIM VP Candriam Emerging Markets <br> Equity—Initial Class\*\*<br>*Adviser: New York Life Investments*<br>*Subadviser: Candriam* <br>| 1.20% | 35.88% | 2.77% | 7.65% |
| Sector | NYLIM VP CBRE Global <br> Infrastructure—Initial Class<br>*Adviser: New York Life Investments* <br>*Subadviser: CBRE Investment* <br> *Management Listed Real Assets LLC*<br>| 0.95%\* | 15.60%  | 7.06%  | 2.64% |

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-8

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Type** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** |
| **Portfolio Type** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **1 Year** | **5 Year** | **10 Year** |
| Asset Allocation | NYLIM VP Conservative <br> Allocation—Initial Class<br>*Adviser: New York Life Investments*<br>| 0.55% | 9.56%  | 3.93%  | 5.40% |
| Large Cap Equity | NYLIM VP Dimensional U.S. <br> Equity—Initial Class<br>Adviser: *New York Life Investments*<br>Subadviser: *Dimensional Fund Advisors* <br> *LP*<br>| 0.54% | 13.75%  | 12.39%  | 12.68%  |
| Large Cap Equity | NYLIM VP Epoch U.S. Equity <br> Yield—Initial Class<br>*Adviser: New York Life Investments*<br>*Subadviser: Epoch Investment Partners,* <br> *Inc. ("Epoch")*<br>| 0.68%\* | 14.24%  | 12.02%  | 9.96% |
| Asset Allocation | NYLIM VP Equity Allocation—Initial Class<br>*Adviser: New York Life Investments*<br>| 0.69% | 13.98%  | 8.17%  | 9.34% |
| Sector | NYLIM VP Fidelity Institutional AM<sup>®</sup> <br> Utilities—Initial Class<br>*Adviser: New York Life Investments*<br>*Subadviser: FIAM LLC*<br>| 0.68% | 13.79%  | 12.34%  | 10.97%  |
| Non-Investment Grade <br> Bond<br>| NYLIM VP Floating Rate—Initial Class<br>*Adviser: New York Life Investments*<br>*Subadviser: NYLI*<br>| 0.64% | 5.13%  | 5.43%  | 5.01% |
| Asset Allocation | NYLIM VP Growth Allocation—Initial <br> Class <br>*Adviser: New York Life Investments*<br>| 0.64% | 12.52%  | 7.33%  | 8.32% |
| Alternatives | NYLIM VP Hedge Multi-Strategy—Initial <br> Class<br>*Adviser: New York Life Investments*<br>| 1.01%\* | 8.05%  | 2.92%  | 2.07% |
| Asset Allocation | NYLIM VP Income Builder—Initial Class<br>*Adviser: New York Life Investments*<br>*Subadvisers: Epoch and MacKay Shields* <br> *LLC ("MacKay")* <br>| 0.63%\* | 16.99%  | 6.56%  | 7.40% |

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-9

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---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Type** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** |
| **Portfolio Type** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **1 Year** | **5 Year** | **10 Year** |
| Asset Allocation | NYLIM VP Janus Henderson <br> Balanced—Initial Class<br>*Adviser: New York Life Investments*<br>*Subadviser: Janus Henderson Investors* <br> *US LLC ("Janus")*<br>| 0.58% | 15.05%  | 8.58%  | 10.19%  |
| Non-Investment Grade <br> Bond<br>| NYLIM VP MacKay Convertible—Initial <br> Class<br>*Adviser: New York Life Investments*<br>*Subadviser: MacKay*<br>| 0.59% | 16.40%  | 5.60%  | 10.38%  |
| Non-Investment Grade <br> Bond<br>| NYLIM VP MacKay High Yield Corporate <br> Bond—Initial Class<br>*Adviser: New York Life Investments* <br>*Subadviser: MacKay*<br>| 0.59%\* | 6.87%  | 4.44%  | 6.14% |
| Non-Investment Grade <br> Bond<br>| NYLIM VP MacKay Strategic <br> Bond—Initial Class <br>*Adviser: New York Life Investments*<br>*Subadviser: MacKay*<br>| 0.65% | 8.87%  | 3.98%  | 4.40% |
| Investment Grade Bond | NYLIM VP MacKay U.S. Infrastructure <br> Bond—Initial Class<br>*Adviser: New York Life Investments*<br>*Subadviser: MacKay*<br>| 0.57% | 8.44%  | 0.10%  | 1.38% |
| Large Cap Equity | NYLIM VP MFS<sup>®</sup> Investors Trust—Initial <br> Class<br>*Adviser: New York Life Investments*<br>*Subadviser: Massachusetts Financial* <br> *Services Company ("MFS")*<br>| 0.75% | N/A | N/A | N/A |
| Large Cap Equity | NYLIM VP MFS<sup>®</sup> Research—Initial Class<br>*Adviser: New York Life Investments*<br>*Subadviser: MFS*<br>| 0.76% | N/A | N/A | N/A |
| Asset Allocation | NYLIM VP Moderate Allocation—Initial <br> Class<br>*Adviser: New York Life Investments*<br>| 0.58% | 11.30%  | 5.62%  | 6.88% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Type** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** |
| **Portfolio Type** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **1 Year** | **5 Year** | **10 Year** |
| Sector | NYLIM VP Natural Resources—Initial <br> Class <br>*Adviser: New York Life Investments*<br>*Subadviser: Newton Investment* <br> *Management North America, LLC* <br> *("NIMNA")*<br>| 0.85% | 15.20%  | 17.27%  | 10.88%  |
| Sector | NYLIM VP Newton Technology <br> Growth—Initial Class <br>*Adviser: New York Life Investments*<br>*Subadviser: NIMNA*<br>| 0.78%\* | N/A | N/A | N/A |
| Investment Grade Bond | NYLIM VP PIMCO Real Return—Initial <br> Class<br>*Adviser: New York Life Investments*<br>*Subadviser: Pacific Investment* <br> *Management Company LLC ("PIMCO")*<br>| 1.09%\* | 8.16%  | 1.36%  | 3.29% |
| International/Global Equity | NYLIM VP PineStone International <br> Equity—Initial Class<br>*Adviser: New York Life Investments*<br>*Subadviser: PineStone Asset* <br> *Management Inc.*<br>| 0.86% | 12.29%  | 0.20%  | 5.44% |
| Large Cap Equity | NYLIM VP S&P 500 Index—Initial Class<br>*Adviser: New York Life Investments*<br>| 0.12%\* | 17.72%  | 14.28%  | 14.63%  |
| Small/Mid Cap Equity | NYLIM VP Schroders Mid Cap <br> Opportunities—Initial Class<br>*Adviser: New York Life Investments*<br>*Subadviser: Schroder Investment* <br> *Management North America*<br>| 0.83%\* | 7.27%  | 5.05%  | 7.39% |
| Small/Mid Cap Equity | NYLIM VP Small Cap Growth—Initial <br> Class<br>*Adviser: New York Life Investments*<br>*Subadvisers: Brown Advisory, LLC and* <br> *Segall Bryant & Hamill, LLC*<br>| 0.86% | 4.89%  | 1.64%  | 8.95% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Type** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** |
| **Portfolio Type** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **1 Year** | **5 Year** | **10 Year** |
| Money Market | NYLIM VP U.S. Government Money <br> Market—Initial Class<br>Adviser: New York Life Investments<br>Subadviser: *NYLI*<br>| 0.28%\* | 4.05%  | 3.02%  | 1.89% |
| Large Cap Equity | NYLIM VP Wellington Growth—Initial <br> Class\*\*<br>*Adviser: New York Life Investments*<br>Subadviser: Wellington<br>| 0.73% | 17.06% | 10.37% | 13.45% |
| Small/Mid Cap Equity | NYLIM VP Wellington Small Cap—Initial <br> Class<br>Adviser: New York Life Investments<br>Subadviser: *Wellington*<br>| 0.75%\* | 9.53%  | 5.93%  | 7.41% |
| Large Cap Equity | NYLIM VP Winslow Large Cap <br> Growth—Initial Class<br>*Adviser: New York Life Investments*<br>*Subadviser: Winslow Capital* <br> *Management, Inc.*<br>| 0.75% | 14.35%  | 12.69%  | 16.14%  |
| Small/Mid Cap Equity | AB VPS Discovery Value Portfolio—Class <br> A <br>*Adviser: AllianceBernstein L.P. ("AB")*<br>| 0.82% | 2.89%  | 8.75%  | 8.55% |
| Large Cap Value | AB VPS Relative Value Portfolio—Class <br> A<br>*Adviser: AB*<br>| 0.60%\* | 10.47%  | 11.42%  | 10.57%  |
| Asset Allocation | American Funds<sup>®</sup> IS Asset Allocation <br> Fund—Class 2<br>*Adviser: Capital Research and* <br> *Management Company*<sup>SM</sup> *("CRMC")*<br>| 0.54% | 15.85%  | 8.97%  | 9.77% |
| Investment Grade Bond | American Funds<sup>®</sup> IS The Bond Fund of <br> America<sup>®</sup>—Class 2<br>*Adviser: CRMC*<br>| 0.47%\* | 7.26%  | (0.14)%  | 2.36% |
| Investment Grade Bond | American Funds<sup>®</sup> IS Capital World Bond <br> Fund<sup>®</sup>—Class 2<br>*Adviser: CRMC*<br>| 0.73% | 9.39%  | (2.50)%  | 1.23% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Type** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** |
| **Portfolio Type** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **1 Year** | **5 Year** | **10 Year** |
| Large Cap Equity | American Funds<sup>®</sup> IS Growth <br> Fund—Class 2<br>Adviser: *CRMC*<br>| 0.58% | 20.24%  | 13.37%  | 17.97%  |
| Large Cap Equity | American Funds<sup>®</sup> IS Growth-Income <br> Fund—Class 2<br>Adviser: *CRMC*<br>| 0.53% | 18.06%  | 13.90%  | 13.92%  |
| Sector | American Funds<sup>®</sup> IS New World <br> Fund<sup>®</sup>—Class 2<br>Adviser: *CRMC*<br>| 0.82%\* | 28.29%  | 5.33%  | 9.25% |
| International/Global Equity | American Funds<sup>®</sup> IS SMALLCAP World <br> Fund<sup>®</sup> (formerly American Funds<sup>®</sup> IS <br> Global Small Capitalization Fund)—Class <br> 2<br>*Adviser: CRMC*<br>| 0.90%\* | 14.64%  | 0.49%  | 7.23% |
| Investment Grade Bond | American Funds<sup>®</sup> IS U.S. Government <br> Securities Fund<sup>®</sup>—Class 2<br>*Adviser: CRMC*<br>| 0.50%\* | 7.75%  | (0.23)%  | 1.70% |
| Large Cap Equity | American Funds<sup>®</sup> IS Washington Mutual <br> Investors Fund—Class 2 <br>Adviser: *CRMC*<br>| 0.50%\* | 17.21%  | 13.89%  | 12.36%  |
| Asset Allocation | BlackRock<sup>®</sup> Global Allocation V.I. <br> Fund—Class I<br>*Adviser: BlackRock Advisors, LLC* <br> *("BlackRock")*<br>*Subadviser: BlackRock (Singapore)* <br> *Limited and BlackRock International* <br> *Limited*<br>| 0.76%\* | 19.80%  | 5.79%  | 7.59% |
| Non-Investment Grade <br> Bond<br>| BlackRock<sup>®</sup> High Yield V.I. Fund—Class I<br>*Adviser: BlackRock*<br>*Subadviser: BlackRock International* <br> *Limited*<br>| 0.54%\* | 9.19%  | 4.79%  | 6.31% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Type** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** |
| **Portfolio Type** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **1 Year** | **5 Year** | **10 Year** |
| Large Cap Equity | BNY Mellon Sustainable U.S. Equity <br> Portfolio—Initial Shares<br>*Adviser: BNY Mellon Investment Adviser,* <br> *Inc.*<br>*Subadviser: Newton Investment* <br> *Management Limited*<br>| 0.66% | 15.97%  | 11.93%  | 13.56%  |
| Sector | Columbia Variable Portfolio—Commodity <br> Strategy Fund—Class 1\*\*<br>*Adviser: Columbia Management* <br>*Investment Advisers, LLC ("Columbia")*<br>*Subadviser: Threadneedle International* <br> *Limited*<br>| 0.75%\* | 15.48%  | 12.76%  | 6.75% |
| Non-Investment Grade <br> Bond<br>| Columbia Variable Portfolio—Emerging <br> Markets Bond Fund—Class 1<br>*Adviser: Columbia*<br>| 0.75%\* | 12.78%  | 1.70%  | 4.28% |
| Investment Grade Bond | Columbia Variable Portfolio—<br> Intermediate Bond Fund—Class 1<br>*Adviser: Columbia*<br>| 0.52% | 9.06%  | (0.43)%  | 2.77% |
| Investment Grade Bond | Columbia Variable Portfolio—Small <br> Company Growth Fund—Class 1<br>*Adviser: Columbia*<br>| 0.87%\* | 21.69%  | 3.59%  | 15.19%  |
| Alternatives  | DWS Alternative Asset Allocation <br> VIP—Class A<br>*Adviser: DWS Investment Management* <br> *Americas Inc. ("DIMA")*<br>*Subadviser: RREEF America LLC*<br>| 0.93% | 10.50%  | 5.29%  | 4.89% |
| Small/Mid Cap Equity | DWS Small Cap Index VIP—Class A<br>*Adviser: DIMA*<br>*Subadviser: Northern Trust Investments,* <br> *Inc.*<br>| 0.37%\* | 12.64%  | 5.84%  | 9.33% |
| Small/Mid Cap Equity | DWS Small Mid Cap Value VIP—Class A<br>*Adviser: DIMA*<br>| 0.80%\* | 18.21%  | 9.66%  | 7.57% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Type** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** |
| **Portfolio Type** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **1 Year** | **5 Year** | **10 Year** |
| Investment Grade Bond  | Fidelity<sup>®</sup> VIP Bond Index Portfolio—Initial <br> Class<br>*Adviser: Fidelity Management &* <br> *Research Company ("FMR")*<br>*Subadvisers: Other investment advisers*<br>| 0.14% | 6.98%  | (0.57)%  | N/A |
| Large Cap Equity | Fidelity<sup>®</sup> VIP Contrafund<sup>SM</sup> <br> Portfolio—Initial Class<br>*Adviser: FMR*<br>*Subadvisers:* O*ther investment advisers*<br>| 0.54% | 21.52%  | 15.37%  | 15.78%  |
| International/Global Equity | Fidelity<sup>®</sup> VIP Emerging Markets <br> Portfolio—Initial Class<br>*Adviser: FMR*<br>*Subadvisers: Other investment advisers*<br>| 0.87% | 41.20%  | 5.88%  | 10.93%  |
| Large Cap Equity | Fidelity<sup>®</sup> VIP Equity-Income <br> Portfolio<sup>SM</sup>—Initial Class<br>*Adviser: FMR*<br>*Subadvisers: Other investment advisers*<br>| 0.46% | 19.02%  | 12.51%  | 11.60%  |
| Small/Mid Cap Equity | Fidelity<sup>®</sup> VIP Extended Market Index <br> Portfolio—Initial Class<br>*Adviser: FMR*<br>*Subadviser: Geode Capital Management,* <br> *LLC ("Geode")*<br>| 0.12% | 12.32%  | 8.02%  | N/A |
| Asset Allocation | Fidelity<sup>®</sup> VIP Freedom 2020 <br> Portfolio<sup>SM</sup>—Initial Class<br>*Adviser: FMR*<br>| 0.44% | 13.33%  | 4.84%  | 7.38% |
| Asset Allocation | Fidelity<sup>®</sup> VIP Freedom 2030 <br> Portfolio<sup>SM</sup>—Initial Class<br>*Adviser: FMR*<br>| 0.49% | 15.52%  | 6.25%  | 8.88% |
| Asset Allocation | Fidelity<sup>®</sup> VIP Freedom 2040 <br> Portfolio<sup>SM</sup>—Initial Class<br>*Adviser: FMR*<br>| 0.57% | 18.79%  | 9.01%  | 10.87% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Type** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** |
| **Portfolio Type** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **1 Year** | **5 Year** | **10 Year** |
| Large Cap Equity | Fidelity<sup>®</sup> VIP Growth Opportunities <br> Portfolio—Initial Class<br>*Adviser: FMR*<br>*Subadvisers: Other investment advisers*<br>| 0.56% | 22.02%  | 11.31%  | 19.94%  |
| Sector | Fidelity<sup>®</sup> VIP Health Care Portfolio—Initial <br> Class<br>*Adviser: FMR*<br>*Subadvisers: Other investment advisers*<br>| 0.59% | 14.39%  | 4.18%  | 8.75% |
| International/Global Equity | Fidelity<sup>®</sup> VIP International Capital <br> Appreciation Portfolio—Initial Class<br>*Adviser: FMR*<br>*Subadviser: FIL Investment Advisors*<br>| 0.78% | 18.69%  | 6.26%  | 9.81% |
| International/Global Equity | Fidelity<sup>®</sup> VIP International Index <br> Portfolio—Initial Class<br>*Adviser: FMR*<br>*Subadviser: Geode*<br>| 0.16% | 33.15%  | 8.02%  | N/A |
| Investment Grade Bond | Fidelity<sup>®</sup> VIP Investment Grade Bond <br> Portfolio—Initial Class<br>*Adviser: FMR*<br>*Subadvisers: Other investment advisers*<br>| 0.37% | 7.22%  | 0.06%  | 2.71% |
| Small/Mid Cap Equity | Fidelity<sup>®</sup> VIP Mid Cap Portfolio—Initial <br> Class<br>*Adviser: FMR*<br>*Subadvisers: Other investment advisers*<br>| 0.55% | 11.75%  | 10.10%  | 10.59%  |
| Sector | Franklin Gold and Precious Metals VIP <br> Fund—Class 1<br>*Adviser: Franklin Advisers, Inc.* <br> *("Franklin*")<br>| 0.70%\* | N/A | N/A | N/A |
| Asset Allocation | Franklin Templeton Aggressive Model <br> Portfolio—Class I<br>*Adviser: Franklin Templeton Fund* <br> *Adviser, LLC ("FTFA")*<br>*Subadviser: Franklin* <br>| 0.63% | 17.30%  | 10.41%  | N/A |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Type** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** |
| **Portfolio Type** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **1 Year** | **5 Year** | **10 Year** |
| Asset Allocation | Franklin Templeton Conservative Model <br> Portfolio—Class I<br>*Adviser: FTFA*<br>*Subadviser: Franklin*<br>| 0.60% | 9.39%  | 2.92%  | N/A |
| Asset Allocation | Franklin Templeton Moderate Model <br> Portfolio—Class I<br>*Adviser: FTFA*<br>*Subadviser: Franklin* <br>| 0.57% | 13.56%  | 6.76%  | N/A |
| Asset Allocation | Franklin Templeton Moderately <br> Aggressive Model Portfolio—Class I<br>*Adviser: FTFA*<br>*Subadviser: Franklin* <br>| 0.57% | 15.29%  | 8.12%  | N/A |
| Asset Allocation | Franklin Templeton Moderately <br> Conservative Model Portfolio—Class I <br>*Adviser: FTFA*<br>*Subadviser: Franklin* <br>| 0.57% | 11.76%  | 5.17%  | N/A |
| International/Global Equity | Goldman Sachs VIT International Equity <br> Insights Fund—Institutional Class<br>*Adviser: Goldman Sachs Asset* <br> *Management, L.P.*<br>| 0.81%\* | 38.48%  | 11.08%  | 8.23% |
| International/Global Equity | Invesco V.I. EQV International Equity <br> Fund—Series I Shares<br>*Adviser: Invesco Advisers, Inc.* <br> *("Invesco")*<br>| 0.90% | 16.50%  | 3.68%  | 6.22% |
| Small/Mid Cap Equity | Invesco V.I. Main Street Small Cap <br> Fund<sup>®</sup>—Series I Shares<br>*Adviser: Invesco*<br>| 0.84% | 8.70%  | 8.34%  | 10.59%  |
| Small/Mid Cap Equity | Janus Henderson Enterprise <br> Portfolio—Institutional Shares<br>*Adviser: Janus* <br>| 0.72% | 7.67%  | 7.62%  | 12.79%  |
| International/Global Equity | Janus Henderson Global Research <br> Portfolio—Institutional Shares<br>*Adviser: Janus*<br>| 0.82% | 20.92%  | 12.51%  | 12.93% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Type** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** |
| **Portfolio Type** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **1 Year** | **5 Year** | **10 Year** |
| Investment Grade Bond | Lord Abbett Series Fund, Inc.—Short <br> Duration Income Portfolio—Class I<br>*Adviser: Lord, Abbett & Co. LLC*<br>| 0.47%\* | N/A | N/A | N/A |
| Large Cap Equity | LVIP ClearBridge Appreciation <br> Fund—Standard Class (formerly <br> ClearBridge Variable Appreciation <br> Portfolio—Class I)<br>*Adviser: Lincoln Financial Investments* <br> *Corporation ("LFIC")*<br>*Subadviser: ClearBridge Investments,* <br> *LLC*<br>| 0.70%\* | 14.50%  | 12.72%  | 13.34%  |
| Small/Mid Cap Equity | LVIP SSgA Mid-Cap Index <br> Fund—Standard Class<br>*Adviser: LFIC*<br>*Subadviser: SSgA Funds Management,* <br> *Inc.*<br>| 0.35%\* | 13.55%  | 9.94%  | 9.31% |
| International Equity | MFS<sup>®</sup> International Intrinsic Equity <br> Portfolio (formerly MFS<sup>®</sup> International <br> Intrinsic Value Portfolio)—Initial Class<br>*Adviser: MFS*<br>| 0.89%\* | 33.26%  | 7.28%  | 9.95% |
| Mid Cap Equity | MFS<sup>®</sup> Mid Cap Value Portfolio—Initial <br> Class<br>*Adviser: MFS*<br>| 0.79%\* | 5.98%  | 10.18%  | 9.95% |
| Small/Mid Cap Equity | MFS<sup>®</sup> New Discovery Series—Initial <br> Class<br>*Adviser: MFS*<br>| 0.87%\* | 12.96%  | (0.28)%  | 10.74%  |
| Foreign Large Blend | MFS<sup>®</sup> Research International <br> Portfolio—Initial Class<br>*Adviser: MFS*<br>| 0.90%\* | 22.05%  | 5.51%  | 7.54% |
| Small/Mid Cap Equity | Neuberger Berman AMT Mid Cap Growth <br> Portfolio—Class I<br>*Adviser: Neuberger Berman Investment* <br> *Advisers LLC*<br>| 0.86%\* | 5.45%  | 4.47%  | 10.96% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Type** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** |
| **Portfolio Type** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **1 Year** | **5 Year** | **10 Year** |
| International/Global Equity | Nomura VIP Emerging Markets Series <br> (formerly Macquarie VIP Emerging <br> Markets Series)—Standard Class<br>*Adviser: Delaware Management* <br> *Company, a series of Nomura Investment* <br> *Management Business Trust*<br>| 1.16%\* | 81.26%  | 8.81%  | 12.17%  |
| Small/Mid Cap Equity | Nomura VIP Small Cap Value Series <br> (formerly Macquarie VIP Small Cap Value <br> Series)—Standard Class <br>*Adviser*: *Delaware Management* <br> *Company, a series of Nomura Investment* <br> *Management Business Trust*<br>| 0.74% | 8.16%  | 9.26%  | 9.15% |
| Investment Grade Bond | PIMCO VIT Income <br> Portfolio—Institutional Class<br>*Adviser: PIMCO*<br>| 0.77% | 10.36%  | 3.57%  | N/A |
| Investment Grade Bond | PIMCO VIT International Bond Portfolio <br> (U.S. Dollar-Hedged)—Institutional Class<br>*Adviser: PIMCO*<br>| 0.94% | 4.10%  | 1.18%  | 3.04% |
| Investment Grade Bond | PIMCO VIT Low Duration <br> Portfolio—Institutional Class<br>*Adviser: PIMCO*<br>| 0.51% | 5.68%  | 1.72%  | 1.94% |
| Investment Grade Bond | PIMCO VIT Short-Term <br> Portfolio—Institutional Class<br>*Adviser: PIMCO*<br>| 0.50% | 4.83%  | 3.40%  | 2.91% |
| Investment Grade Bond | PIMCO VIT Total Return <br> Portfolio—Institutional Class<br>*Adviser: PIMCO*<br>| 0.58% | 9.05%  | 0.16%  | 2.51% |
| Sector | Principal VC Real Estate Securities <br> Account—Class 1<br>*Adviser: Principal Global Investors, LLC*<br>*Subadviser: Principal Real Estate* <br> *Investors, LLC*<br>| 0.78% | 1.24%  | 4.88%  | 5.94% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Type** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** | **Average Annual Total Returns**<br> **(as of 12/31/2025)** |
| **Portfolio Type** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **1 Year** | **5 Year** | **10 Year** |
| International/Global Equity | Putnam VT International Value <br> Fund—Class IA<br>*Adviser: Putnam Investment* <br> *Management, LLC*<br>*Subadvisers: Franklin, Franklin* <br> *Templeton Investment Management* <br> *Limited and The Putnam Advisory* <br> *Company, LLC*<br>| 0.81% | 35.07%  | 12.77%  | 9.13% |
| Large Cap Equity | Voya Growth and Income <br> Portfolio—Class I<br>*Adviser: Voya Investments, LLC* <br>*Subadviser: Voya Investment* <br> *Management Co. LLC ("Voya")*<br>| 0.67%\* | 18.21%  | 15.46%  | 14.62%  |
| Investment Grade Bond | Voya Intermediate Bond Portfolio — <br> Class I<br>*Adviser: Voya*<br>| 0.55%\* | 7.71%  | 0.15%  | 2.66% |
| Investment Grade Bond | Western Asset Core Plus VIT <br> Portfolio—Class I\*\*<br>*Adviser: FTFA*<br>*Subadvisers: Western Asset* <br> *Management Company, LLC; Western* <br> *Asset Management Company Limited;* <br> *Western Asset Management Company* <br> *Ltd.; and Western Asset Management* <br> *Company Pte. Ltd.*<br>| 0.54%\* | 7.75%  | (1.44)%  | 2.11% |

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\*

Current Expenses take into account expense reimbursement or fee waiver arrangements in place that are generally expected to continue through April 30, 2027 and may be terminated at any time at the option of the Fund. Annual expenses for the Eligible Portfolios for the year ended December 31, 2025, reflect temporary fee reductions under such an arrangement.

\*\*

Premiums or transfers will only be accepted into this fund from policyowners already invested in this fund. Policyowners who remove all Cash Value allocations from this fund will not be permitted to reinvest in this fund.

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This Updating Summary Prospectus incorporates by reference the Policy full (statutory) prospectus and Statement of Additional Information (SAI), both dated May 1, 2026, as amended or supplemented. The full prospectus and SAI for the Policy may be obtained, free of charge, in any manner shown on the front page of this Updating Summary Prospectus.

The SEC EDGAR Contract Identifier for the NYLIAC Flex VUL policy is C000034211

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