# EDGAR Filing Document

**Accession Number:** 0001075796
**File Stem:** 0001104659-26-046119
**Filing Date:** 2026-4
**Character Count:** 53224
**Document Hash:** 8bdd2136db8bbffd12b05b42cc309242
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-046119.hdr.sgml**: 20260421

**ACCESSION NUMBER**: 0001104659-26-046119

**CONFORMED SUBMISSION TYPE**: 497VPU

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260421

**DATE AS OF CHANGE**: 20260421

**EFFECTIVENESS DATE**: 20260421

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COLI VUL 2 SERIES ACCOUNT
- **CENTRAL INDEX KEY:** 0001075796

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

**FILING VALUES:**
- **FORM TYPE:** 497VPU
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-70963
- **FILM NUMBER:** 26880396

**BUSINESS ADDRESS:**
- **STREET 1:** 8515 EAST ORCHARD RD
- **CITY:** GREENWOOD VILLAGE
- **STATE:** CO
- **ZIP:** 80111
- **BUSINESS PHONE:** 303-737-3000

**MAIL ADDRESS:**
- **STREET 1:** 8515 EAST ORCHARD RD
- **CITY:** GREENWOOD VILLAGE
- **STATE:** CO
- **ZIP:** 80111

## Series and Classes Contracts Data

### COLI VUL 2 SERIES ACCOUNT (Series ID: S000011535)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000031797 | COLI VUL 2 SERIES ACCOUNT |  |

[**TABLE OF CONTENTS**](#TOCtm262872d2_497vpu)

#### Updating Summary Prospectus for Existing Investors

#### May 1, 2026

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| | |
|:---|:---|
| ***Executive Benefit VUL II**<br> A Flexible Premium Variable Universal Life Insurance Policy*  | *Issued by <br>Empower Annuity Insurance Company of America <br>A Stock Company <br>in connection with its COLI VUL-2 Series Account <br>8515 E. Orchard Road <br>Greenwood Village, Colorado 80111 <br>Telephone: (303) 737-3000*  |

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This Updating Summary Prospectus describes Executive Benefit VUL II, a flexible premium variable universal life insurance policy (the "Policy") issued by Empower Annuity Insurance Company of America. You should read this Updating Summary Prospectus carefully, particularly the section titled Important Information You Should Consider About the Policy.

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

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

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**TABLE OF CONTENTS**

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| | |
|:---|:---|
| [SPECIAL TERMS](#idSPECIALTERM15576tm262872d2_497vpu)  | [3](#idSPECIALTERM15576tm262872d2_497vpu)  |
| [UPDATED INFORMATION ABOUT YOUR POLICY](#idUPDATEDINFO5396tm262872d2_497vpu)  | [5](#idUPDATEDINFO5396tm262872d2_497vpu)  |
|  [IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE POLICY](#idIMPORTANTIN15132tm262872d2_497vpu)  | [5](#idIMPORTANTIN15132tm262872d2_497vpu)  |

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 [APPENDIX: FUNDS AVAILABLE UNDER YOUR POLICY](#idAPPENDIX120134tm262872d2_497vpu)<sub>8</sub>

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#### SPECIAL TERMS
**"We," "us," "our," "Depositor," "Empower," and "Company"** Refer to Empower Annuity Insurance Company of America. "You," "your" and "Owner" refer to the person(s) who has been issued a Contract.

**Account Value** The sum of the value of your interests in the Divisions, the Fixed Account and the Loan Account. This amount reflects: (1) the Premiums you pay; (2) the investment performance of the Divisions you select; (3) any Policy loans or partial withdrawals; (4) your Loan Account balance; and (5) the charges we deduct under the Policy.

**Beneficiary** The person(s) named by the Owner to receive the Death Benefit Proceeds upon the death of the Insured.

**Business Day** Any day that we are open for business. We are open for business every day that the NYSE is open for trading.

**Corporate Headquarters** Empower Annuity Insurance Company of America, 8515 E. Orchard Road Greenwood Village, Colorado 80111 Telephone: (303) 737-3000, or such other address as we may hereafter specify to you by written notice.

**Death Benefit Proceeds** The amount determined in accordance with the terms of the Policy which is payable at the death of the Insured. This amount is the death benefit, decreased by the amount of any outstanding Policy Debt, and increased by the amounts payable under any supplemental benefits.

**Divisions** Divisions into which the assets of the Series Account are divided, each of which corresponds to and contains shares of a Fund. Divisions may also be referred to as "investment divisions" or "Sub-Accounts" in the prospectus, SAI or Series Account financial statements.

**Effective Date** The date on which the first Premium payment is credited to the Policy.

**Fixed Account** A division of our General Account that provides a fixed interest rate. This account is not part of and does not depend on the investment performance of the Sub-Accounts.

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

**General Account** All of our assets other than those held in a separate investment account.

**Insured** The person whose life is insured under the Policy.

**Loan Account** All outstanding loans plus credited loan interest held in the General Account of the Company. The Loan Account is not part of the Series Account.

**MEC** Modified Endowment Contract. For more information regarding MECs, see "Modified Endowment Contracts" in the Prospectus.

**NYSE** New York Stock Exchange.

**Owner** The person(s) named in the application who is entitled to exercise all rights and privileges under the Policy, while the Insured is living. The purchaser of the Policy will be the Owner unless otherwise indicated in the application.

**Policy Anniversary** The same day in each succeeding year as the day of the year corresponding to the Policy Date.

**Policy Date** The effective date of coverage under this Policy. The Policy Months, Policy Years and Policy Anniversaries are measured from the Policy Date.

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

**Policy Month** The one-month period commencing on the same day of the month as the Policy Date.

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

**Premiums** Amounts received and allocated to the Sub-Account(s) and the Fixed Account prior to any deductions.

**Request** Any instruction in a form, written, telephoned or computerized, satisfactory to the Company and received in good order at the Corporate Headquarters from the Owner or the Owner's assignee (as specified in a form acceptable

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to the Company) or the Beneficiary, (as applicable) as required by any provision of this Policy or as required by the Company. The Request is subject to any action taken or payment made by the Company before it was processed.

**SEC** The United States Securities and Exchange Commission.

**Series Account** The segregated investment account established by the Company as a separate account under Colorado law named the COLI VUL-2 Series Account. It is registered as a unit investment trust under the Investment Company Act of 1940, as amended.

**Sub-Account** Sub-division(s) of the Owner's Account Value containing the value credited to the Owner from the Series Account. Sub-Accounts may also be referred to as "investment divisions" or "Divisions" in the prospectus, SAI or Series Account financial statements.

**Transaction Date** The date on which any Premium payment or Request from the Owner will be processed by the Company. Premium payments and Requests received after 4:00 p.m. EST/EDT will be deemed to have been received on the next Business Day. Requests will be processed and the Sub-Account value will be valued on the day that the Premium payments or Request is received and the NYSE is open for trading.

**Transfer** The moving of money from one or more Division(s) or the Fixed Account to one or more Division(s) or the Fixed Account.

**Unit** An accounting unit of measurement that we use to calculate the value of each Division.

**Unit Value** The value of each Unit in a Division.

**Valuation Date** The date on which the net asset value of each Fund is determined. A Valuation Date is each day that the NYSE is open for regular business. The value of a Division's assets is determined at the end of each Valuation Date (generally 4:00 p.m. EST/EDT). To determine the value of an asset on a day that is not a Valuation Date, the value of that asset as of the end of the previous Valuation Date will be used.

**Valuation Period** The period of time from one determination of Unit Values to the next following determination of Unit Values. We will determine Unit Value for each Valuation Date as of the close of the NYSE (generally 4:00 p.m. EST/EDT) on that Valuation Date.

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

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

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Columbia Small Cap Value Fund changed its name to the Columbia Small Cap Value Discovery Fund.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All of the Macquarie VIP funds changed their name to remove Macquarie and was replaced with Nomura in the fund name. Macquarie Investment Management Global Limited was also removed as the sub-adviser for the various Macquarie funds.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; For updated Fund performance and fee information please see the "Fund Appendix," which is part of this Updating Summary Prospectus.

#### IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE EXECUTIVE BENEFIT VUL II POLICY

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

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

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

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

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

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

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#### APPENDIX:

#### FUNDS AVAILABLE UNDER THE POLICY
The following is a list of Funds available under the Policy. More information about the Funds is available in the prospectuses for the Funds, which may be amended from time to time and can be found online at www.protective.com/eprospectus. You can also request this information at no cost by calling 1-888-353-2654, or by sending an email request to gwexecbenefits@protective.com. Depending on the optional benefits you choose, you may not be able to invest in certain Funds.

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

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| | | | | |
|:---|:---|:---|:---|:---|
| **Asset <br>Allocation <br>Type** | **Current <br>Expenses**  |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |
| **Asset <br>Allocation <br>Type** | **Current <br>Expenses**  | **1 Year**  | **5 Year**  | **10 Year**  |
| U.S. Equity<br> Alger Small Cap Growth Portfolio - Class I-2 <sup>(8)</sup> | 0.97% | 5.91% | -4.93% | 8.83% |
| Taxable Bond<br> American Funds Insurance Series<sup>®</sup> Capital World Bond Fund<sup>®</sup> - Class 2 - Capital Research and Management Company | 0.73% | 9.39% | -2.50% | 1.23% |
| International <br>Equity<br> American Funds Insurance Series<sup>®</sup> Capital World Growth and Income Fund<sup>®</sup> - Class 2 - Capital Research and Management Company <sup>(1)</sup> | 0.66% | 24.80% | 10.29% | 11.02% |
| International <br>Equity<br> American Funds Insurance Series<sup>®</sup> EUPAC Fund<sup>TM</sup> - Class 2 - Capital Research and Management Company (formerly, American Funds Insurance Series<sup>®</sup> International Fund - Class 2)  | 0.72% | 26.77% | 3.40% | 7.00% |
| U.S. Equity<br> American Funds Insurance Series<sup>®</sup> Growth Fund - Class 2 Capital Research and Management Company | 0.58% | 20.24% | 13.37% | 17.97% |
| U.S. Equity<br> American Funds Insurance Series<sup>®</sup> Growth-Income Fund - Class 2 - Capital Research and Management Company | 0.53% | 18.06% | 13.90% | 13.92% |
| International <br>Equity<br> American Funds Insurance Series<sup>®</sup> New World Fund<sup>®</sup> - Class 2 - Capital Research and Management Company <sup>(1)</sup> | 0.82% | 28.29% | 5.33% | 9.25% |
| International <br>Equity<br> American Funds Insurance Series<sup>®</sup> SMALLCAP World Fund<sup>®</sup> - Class 2 - Capital Research and Management Company (formerly, American Funds Insurance Series<sup>®</sup> Global Small Capitalization Fund - Class 2) <sup>(1)</sup> | 0.90% | 14.64% | 0.49% | 7.23% |
| U.S. Equity<br> American Funds Insurance Series<sup>®</sup> Washington Mutual Investors Fund℠ - Class 2 - Capital Research and Management Company <sup>(1)</sup> | 0.50% | 17.21% | 13.89% | 12.36% |
| Allocation<br> American Funds Insurance Series<sup>®</sup> 2030 Target Date Retirement Fund - Class 4 - Capital Research and Management Company | 0.84% | 15.62% | 6.81% |  |
| Allocation<br> American Funds Insurance Series<sup>®</sup> 2035 Target Date Retirement Fund - Class 4 - Capital Research and Management Company  | 0.89% | 17.13% | 7.91% |  |
| Allocation<br> American Funds Insurance Series<sup>®</sup> 2040 Target Date Retirement Fund - Class 4 - Capital Research and Management Company | 0.88% | 20.10% |  |  |
| Allocation<br> American Funds Insurance Series<sup>®</sup> 2045 Target Date Retirement Fund - Class 4 - Capital Research and Management Company | 0.92% | 21.63% |  |  |
| Allocation<br> American Funds Insurance Series<sup>®</sup> 2050 Target Date Retirement Fund - Class 4 - Capital Research and Management Company | 0.92% | 21.94% |  |  |
| Allocation<br> American Funds Insurance Series<sup>®</sup> 2055 Target Date Retirement Fund - Class 4 - Capital Research and Management Company | 0.93% | 22.28% |  |  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Asset <br>Allocation <br>Type** | **Portfolio Company - Investment Adviser; <br>*Sub-Adviser(s), as applicable*** | **Current <br>Expenses**  |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |
| **Asset <br>Allocation <br>Type** | **Portfolio Company - Investment Adviser; <br>*Sub-Adviser(s), as applicable*** | **Current <br>Expenses**  | **1 Year**  | **5 Year**  | **10 Year**  |
| Allocation | American Funds Insurance Series<sup>®</sup> 2060 Target Date Retirement Fund - Class 4 - Capital Research and Management Company | 0.91% | 20.90% |  |  |
| Allocation | American Funds Insurance Series<sup>®</sup> 2065 Target Date Retirement Fund - Class 4 - Capital Research and Management Company | 0.94% | 20.61% |  |  |
| Allocation | American Funds Insurance Series<sup>®</sup> 2070 Target Date Retirement Fund - Class 4 - Capital Research and Management Company | 0.92% | 20.45% |  |  |
| Allocation | BlackRock Global Allocation V.I. Fund - Class I <sup>(1)</sup> | 0.76% | 19.80% | 5.79% | 7.59% |
| Taxable Bond | BlackRock High Yield V.I. Fund - Class I (1) | 0.54% | 9.19% | 4.79% | 6.31% |
| Allocation | BlackRock 60/40 Target Allocation ETF V.I. Fund - Class I <sup>(1)</sup> | 0.33% | 15.68% | 7.33% | 8.74% |
| U.S. Equity | BNY Mellon Stock Index Fund, Inc. - Initial Shares | 0.27% | 17.53% | 14.11% | 14.52% |
| U.S. Equity | ClearBridge Variable Mid Cap Portfolio - Class I - Franklin Templeton Fund Adviser, LLC | 0.82% | 4.35% | 4.50% | 7.50% |
| U.S. Equity | ClearBridge Variable Small Cap Growth Portfolio - Class I - Franklin Templeton Fund Adviser, LLC | 0.81% | 9.23% | -0.17% | 9.38% |
| U.S. Equity | Columbia Variable Portfolio - Small Cap Value Discovery Fund - Class 1 (formerly, Columbia Variable Portfolio - Small Cap Value Fund) <sup>(1)(6)</sup> | 0.88% | 14.99% | 12.48% | 11.48% |
| U.S. Equity | Davis Equity Portfolio <sup>(8)</sup> | 0.71% | 27.24% | 13.39% | 12.52% |
| Sector Equity | Davis Financial Portfolio | 0.75% | 29.12% | 18.13% | 12.92% |
| Taxable Bond | Dimensional VIT Inflation-Protected Securities Portfolio - Institutional Class  | 0.11% | 7.55% | 1.05% | 3.12% |
| U.S. Equity | DWS Core Equity VIP - Class A | 0.59% | 16.83% | 13.27% | 13.53% |
| Taxable Bond | DWS High Income VIP - Class A <sup>(1)</sup> | 0.71% | 8.94% | 4.25% | 6.00% |
| U.S. Equity | *DWS Small Cap Index VIP - Class A - Northern Trust Investments, Inc.<sup>(1)</sup>* | 0.37% | 12.64% | 5.84% | 9.33% |
| U.S. Equity | DWS Small Mid Cap Value VIP - Class A <sup>(1)(9)</sup>  | 0.80% | 18.21% | 9.66% | 7.57% |
| Taxable Bond | Eaton Vance VT Floating-Rate Income Fund - Initial Class | 1.19% | 3.95% | 4.64% | 4.43% |
| Allocation | Empower Aggressive Profile Fund - Investor Class | 1.13% | 17.42% | 9.27% | 10.20% |
| Taxable Bond | *Empower Bond Index Fund - Investor Class - Franklin Advisers, Inc. and Franklin Advisory Services, LLC* | 0.49% | 6.62% | -1.00% | 1.43% |
| Allocation | Empower Conservative Profile Fund - Investor Class <br> &nbsp;&nbsp;&nbsp;&nbsp;(1) | 0.76% | 8.19% | 3.35% | 4.63% |
| Taxable Bond | *Empower Core Bond Fund - Investor Class - Goldman Sachs Asset Management, L.P.; Wellington Management Company LLP <sup>(1)</sup>* | 0.70% | 6.75% | -0.68% | 2.05% |
| International <br>Equity | *Empower Emerging Markets Equity Fund - Investor Class - Goldman Sachs Asset Management, L.P.;Lazard Asset Management LLC<sup>(1)</sup>* | 1.26% | 32.78% | 3.49% |  |
| Taxable Bond | *Empower Global Bond Fund - Investor Class - Insight North America LLC; RBC Global Asset Management (UK) Limited<sup>(1)(12)</sup>* | 0.99% | 7.54% | -2.20% | 0.27% |
| Taxable Bond | Empower Inflation-Protected Securities Fund - Investor Class - *Goldman Sachs Asset Management, L.P.* <sup>(1)</sup> | 0.70% | 6.75% | 1.87% |  |
| International <br>Equity | Empower International Index Fund - Investor Class - *Irish Life Investment Managers Limited* | 0.58% | 30.92% | 8.38% | 7.73% |
| International <br>Equity | *Empower International Value Fund - Investor Class - LSV Asset Management;Massachusetts Financial Services Company* | 1.07% | 39.10% | 10.23% | 9.23% |
| U.S. Equity | *Empower Large Cap Growth Fund - Investor Class - Victory Capital Management, Inc.; JPMorgan Investment Management Inc.* | 0.98% | 13.98% | 12.14% | 16.21% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Asset <br>Allocation <br>Type** | **Portfolio Company - Investment Adviser; <br>*Sub-Adviser(s), as applicable*** | **Current <br>Expenses**  |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |
| **Asset <br>Allocation <br>Type** | **Portfolio Company - Investment Adviser; <br>*Sub-Adviser(s), as applicable*** | **Current <br>Expenses**  | **1 Year**  | **5 Year**  | **10 Year**  |
| U.S. Equity | *Empower Large Cap Value Fund - Investor II Class - T. Rowe Price Associates, Inc.;Putnam Investment Management, LLC<sup>(1)(11)</sup>* | 0.81% | 17.12% | 13.15% |  |
| Allocation | Empower Lifetime 2015 Fund - Investor Class <sup>(1)</sup> <sup>(15)</sup>  | 0.74% | 10.14% | 4.24% | 6.01% |
| Allocation | Empower Lifetime 2020 Fund - Investor Class <sup>(1)</sup> <sup>(15)</sup>  | 0.76% | 10.69% | 4.53% |  |
| Allocation | Empower Lifetime 2025 Fund - Investor Class <sup>(1)</sup> <sup>(15)</sup>  | 0.79% | 11.70% | 4.96% | 6.98% |
| Allocation | Empower Lifetime 2030 Fund - Investor Class <sup>(1)</sup> <sup>(15)</sup>  | 0.81% | 12.97% | 5.63% |  |
| Allocation | Empower Lifetime 2035 Fund - Investor Class <sup>(1)</sup> <sup>(15)</sup>  | 0.83% | 14.35% | 6.46% | 8.45% |
| Allocation | Empower Lifetime 2040 Fund - Investor Class <sup>(1)</sup> <sup>(15)</sup>  | 0.85% | 15.68% | 7.28% |  |
| Allocation | Empower Lifetime 2045 Fund - Investor Class <sup>(15)</sup> | 0.88% | 16.71% | 7.82% | 9.47% |
| Allocation | Empower Lifetime 2050 Fund - Investor Class <sup>(15)</sup> | 0.88% | 17.26% | 8.03% |  |
| Allocation | Empower Lifetime 2055 Fund - Investor Class <sup>(15)</sup> | 0.88% | 17.71% | 8.05% | 9.58% |
| Allocation | Empower Lifetime 2060 Fund - Investor Class <sup>(15)</sup> | 0.88% | 17.97% | 8.01% |  |
| Allocation | Empower Lifetime 2065 Fund - Investor Class <sup>(15)</sup> | 0.88% |  |  |  |
| U.S. Equity | Empower Mid Cap Value Fund - Investor Class - *Goldman Sachs Asset Management, L.P.* <sup>(1)</sup> | 1.05% | 8.32% | 10.63% | 9.40% |
| Allocation | Empower Moderate Profile Fund - Investor Class <sup>(1)</sup> | 0.90% | 11.96% | 5.91% | 7.17% |
| Allocation | Empower Moderately Aggressive Profile Fund - Investor Class | 1.13% | 13.79% | 7.01% | 8.20% |
| Allocation | Empower Moderately Conservative Profile Fund - Investor Class <sup>(1)</sup> | 0.81% | 10.03% | 4.61% | 5.87% |
| Taxable Bond | Empower Multi-Sector Bond Fund - Investor Class - *Loomis, Sayles & Company, L.P.; Virtus Fixed Income Advisers, LLC* (1) | 0.90% | 7.98% | 1.83% | 4.35% |
| Sector Equity | Empower Real Estate Index Fund - Investor Class - *Irish Life Investment Managers Limited* <sup>(1)</sup> | 0.65% | 3.16% | 5.95% | 4.13% |
| U.S. Equity | Empower S&P Mid Cap 400<sup>®</sup> Index Fund - Investor Class - *Irish Life Investment Managers Limited* | 0.54% | 6.94% | 8.49% | 10.10% |
| U.S. Equity | Empower S&P SmallCap 600<sup>®</sup> Index Fund - Investor Class - *Irish Life Investment Managers Limited*<sup>(1)</sup> | 0.56% | 5.55% | 6.70% | 9.24% |
| Taxable Bond | Empower Short Duration Bond Fund - Investor Class - *Franklin Advisers, Inc.* <sup>(1)</sup> | 0.60% | 5.29% | 2.11% | 2.48% |
| U.S. Equity | Empower Small Cap Growth Fund - Investor Class - *Lord, Abbett & Co. LLC; Peregrine Capital Management, LLC* <sup>(1)</sup> | 1.19% | 7.81% | 3.21% | 9.88% |
| U.S. Equity | Empower Small Cap Value Fund - Investor Class - *Hotchkis & Wiley Capital Management, LLC; Loomis, Sayles & Company, L.P.* <sup>(1)</sup> | 1.09% | 4.08% | 9.30% | 8.79% |
| U.S. Equity | Empower T. Rowe Price Mid Cap Growth Fund - Investor Class <sup>(1)</sup> | 1.02% | 2.99% | 3.61% | 9.64% |
| Taxable Bond | Empower U.S. Government Securities Fund - Investor Class <sup>(1)</sup> | 0.60% | 6.60% | -0.71% | 1.20% |
| Taxable Bond | Federated Hermes High Income Bond Fund II - Primary Class <sup>(1)</sup> | 0.81% | 8.23% | 3.70% | 5.59% |
| U.S. Equity | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Federated Hermes Kaufmann Fund II - Primary Class <br> <sup>(1)(4)</sup>  | 1.54% | 11.52% | 1.51% | 9.88% |
| U.S. Equity | Fidelity<sup>®</sup> VIP Contrafund<sup>®</sup> Portfolio - Service Class 2 - *FMR Investment Management (U.K.) Limited; Fidelity Management & Research (Japan) Limited; Fidelity Management & Research (HK) Ltd*<sup>(10)</sup> | 0.79% | 21.24% | 15.08% | 15.49% |
| International <br>Equity | *Fidelity<sup>®</sup> VIP Emerging Markets Portfolio - Service Class 2 - FMR Investment Management (U.K.) Limited; Fidelity Management & Research (Japan) Limited; FIL Investment Advisors; FIL Investment Advisors (UK) Ltd; Fidelity Management & Research (HK) Ltd* | 1.12% | 40.79% | 5.62% | 10.66% |

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[**TABLE OF CONTENTS**](#TOCtm262872d2_497vpu)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Asset <br>Allocation <br>Type** | **Portfolio Company - Investment Adviser; <br>*Sub-Adviser(s), as applicable*** | **Current <br>Expenses**  |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |
| **Asset <br>Allocation <br>Type** | **Portfolio Company - Investment Adviser; <br>*Sub-Adviser(s), as applicable*** | **Current <br>Expenses**  | **1 Year**  | **5 Year**  | **10 Year**  |
| U.S. Equity | Fidelity<sup>®</sup> VIP Extended Market Index Portfolio - Service Class 2 - *Geode Capital Management, LLC* | 0.37% | 12.03% | 7.75% |  |
| Allocation | Fidelity<sup>®</sup> VIP Freedom Funds - Freedom 2025 Portfolio℠ - Service Class 2 | 0.71% | 14.23% | 5.25% | 7.75% |
| Allocation | Fidelity<sup>®</sup> VIP Freedom Funds - Freedom 2030 Portfolio℠ - Service Class 2 | 0.74% | 15.16% | 5.98% | 8.61% |
| Allocation | Fidelity<sup>®</sup> VIP Freedom Funds - Freedom 2035 Portfolio℠ - Service Class 2 | 0.78% | 16.42% | 7.28% | 9.72% |
| Allocation | Fidelity<sup>®</sup> VIP Freedom Funds - Freedom 2040 Portfolio℠ - Service Class 2 | 0.82% | 18.44% | 8.73% | 10.59% |
| Allocation | Fidelity<sup>®</sup> VIP Freedom Funds - Freedom 2045 Portfolio℠ - Service Class 2  | 0.85% | 19.53% | 9.16% | 10.82% |
| Allocation | Fidelity<sup>®</sup> VIP Freedom Funds - Freedom 2050 Portfolio℠ - Service Class 2 | 0.85% | 19.50% | 9.15% | 10.81% |
| Allocation | Fidelity<sup>®</sup> VIP Freedom Funds - Freedom 2055 Portfolio℠ - Service Class 2 | 0.85% | 19.53% | 9.16% |  |
| Allocation | Fidelity<sup>®</sup> VIP Freedom Funds - Freedom 2060 Portfolio℠ - Service Class 2 | 0.85% | 19.53% | 9.17% |  |
| Allocation | Fidelity<sup>®</sup> VIP Freedom Funds - Freedom 2065 Portfolio℠ - Service Class 2 | 0.85% | 19.52% | 9.16% |  |
| Allocation | Fidelity<sup>®</sup> VIP Freedom Funds - Freedom 2070 Portfolio℠ - Service Class 2 | 0.85% | 19.59% |  |  |
| Money Market | *Fidelity<sup>®</sup> VIP Government Money Market Portfolio - Service Class 2 - FMR Investment Management (U.K.) Limited; Fidelity Management & Research (Japan) Limited; Fidelity Management & Research (HK) Ltd* | 0.50% | 3.86% | 2.90% | 1.83% |
| U.S. Equity | *Fidelity<sup>®</sup> VIP Growth Portfolio - Service Class 2 - FMR Investment Management (U.K.) Limited; Fidelity Management & Research (Japan) Limited; Fidelity Management & Research (HK) Ltd<sup>(3)</sup>* | 0.80% | 14.63% | 13.42% | 17.16% |
| U.S. Equity | Fidelity<sup>®</sup> VIP Index 500 Portfolio - Initial Class - *Geode Capital Management, LLC* | 0.09% | 17.78% | 14.31% | 14.70% |
| International <br>Equity | Fidelity<sup>®</sup> VIP International Index Portfolio - Service Class 2 - *Geode Capital Management, LLC* | 0.41% | 32.82% | 7.76% |  |
| Taxable Bond | *Fidelity<sup>®</sup> VIP Investment Grade Bond Portfolio - Service Class 2 - FMR Investment Management (U.K.) Limited; Fidelity Management & Research (Japan) Limited; Fidelity Management & Research (HK) Ltd* | 0.62% | 6.93% | -0.21% | 2.45% |
| U.S. Equity | *Fidelity<sup>®</sup> VIP Mid Cap Portfolio - Service Class 2 - FMR Investment Management (U.K.) Limited; Fidelity Management & Research (Japan) Limited; Fidelity Management & Research (HK) Ltd<sup>(12)</sup>* | 0.80% | 11.49% | 9.83% | 10.31% |
| Money Market | Goldman Sachs VIT Government Money Market Fund - Service Class <sup>(1)</sup> | 0.43% | 3.94% | 2.98% | 1.90% |
| U.S. Equity | Goldman Sachs VIT Mid Cap Value Fund - Institutional Class <sup>(1)(9)</sup> | 0.81% | 9.39% | 10.05% | 10.02% |
| U.S. Equity | Invesco<sup>®</sup> V.I. Core Equity Fund - Series I <sup>(2)</sup> | 0.80% | 16.17% | 12.81% | 11.73% |
| U.S. Equity | Invesco<sup>®</sup> V.I. Diversified Dividend Fund - Series I | 0.68% | 15.74% | 10.81% | 9.20% |
| International <br>Equity | Invesco<sup>®</sup> V.I. EQV International Equity Fund - Series I  | 0.90% | 16.50% | 3.68% | 6.22% |
| Sector Equity | Invesco<sup>®</sup> V.I. Global Real Estate Fund - Series I <sup>(15)</sup> | 1.02% | 7.85% | 1.73% | 2.44% |
| Sector Equity | Invesco<sup>®</sup> V.I. Health Care Fund - Series I <sup>(5)</sup> | 0.99% | 15.33% | 3.80% | 6.58% |
| U.S. Equity | Invesco<sup>®</sup> V.I. Main Street Small Cap Fund<sup>®</sup> - Series I | 0.84% | 8.70% | 8.34% | 10.59% |
| Allocation | Janus Henderson Balanced Portfolio - Institutional Shares | 0.62% | 15.11% | 8.48% | 10.14% |

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[**TABLE OF CONTENTS**](#TOCtm262872d2_497vpu)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Asset <br>Allocation <br>Type** | **Portfolio Company - Investment Adviser; <br>*Sub-Adviser(s), as applicable*** | **Current <br>Expenses**  |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |
| **Asset <br>Allocation <br>Type** | **Portfolio Company - Investment Adviser; <br>*Sub-Adviser(s), as applicable*** | **Current <br>Expenses**  | **1 Year**  | **5 Year**  | **10 Year**  |
| U.S. Equity | Janus Henderson Enterprise Portfolio - Institutional Shares | 0.72% | 7.67% | 7.62% | 12.79% |
| Taxable Bond | Janus Henderson Flexible Bond Portfolio - Institutional Shares <sup>(1)</sup> | 0.57% | 7.40% | -0.23% | 2.32% |
| U.S. Equity | Janus Henderson Forty Portfolio - Institutional Shares | 0.62% | 18.14% | 11.65% | 16.24% |
| International <br>Equity | Janus Henderson Global Research Portfolio - Institutional Shares <sup>(3)</sup> | 0.82% | 20.92% | 12.51% | 12.93% |
| Sector Equity | Janus Henderson Global Technology and Innovation Portfolio - Institutional Shares | 0.73% | 25.15% | 13.71% | 21.48% |
| International <br>Equity | Janus Henderson Overseas Portfolio - Institutional Shares <sup>(8)</sup> | 0.72% | 28.87% | 9.44% | 9.24% |
| U.S. Equity | Lord Abbett Series Fund - Developing Growth Portfolio - Class VC <sup>(1)(9)</sup> | 1.04% | 14.59% | -1.17% | 11.03% |
| Taxable Bond | Lord Abbett Series Fund - Total Return Portfolio - Class VC | 0.71% | 7.19% | 0.06% | 2.27% |
| U.S. Equity | LVIP American Century Capital Appreciation Fund - Standard Class II - Lincoln Financial Investments Corporation <sup>(1)</sup><sup>(13)</sup> | 0.79% | 6.72% | 5.16% | 11.47% |
| Taxable Bond | LVIP American Century Inflation Protection Fund - Service Class - Lincoln Financial Investments Corporation <sup>(1)</sup><sup>(12)</sup> | 0.72% | 6.33% | 0.62% | 2.61% |
| International <br>Equity | LVIP American Century International Fund - Standard Class II - Lincoln Financial Investments Corporation <sup>(1)</sup><sup>(13)</sup> | 0.95% | 15.98% | 1.85% | 6.42% |
| U.S. Equity | LVIP American Century Mid Cap Value Fund - Standard Class II - Lincoln Financial Investments Corporation <sup>(1)</sup><sup>(13)</sup> | 0.86% | 8.99% | 8.89% | 9.12% |
| U.S. Equity | LVIP American Century Ultra Fund - Standard Class II - Lincoln Financial Investments Corporation <sup>(1)</sup><sup>(13)</sup> | 0.75% | 12.84% | 11.68% | 17.16% |
| U.S. Equity | LVIP American Century Value Fund - Standard Class II - Lincoln Financial Investments Corporation <sup>(1)</sup><sup>(13)</sup> | 0.71% | 16.02% | 11.65% | 10.23% |
| U.S. Equity | LVIP JPMorgan Small Cap Core Fund - Standard Class - Lincoln Financial Investments Corporation <br> &nbsp;&nbsp;&nbsp;&nbsp;(14) | 0.77% | 10.27% | 6.40% | 8.95% |
| U.S. Equity | LVIP JPMorgan U.S. Equity Fund - Standard Class - Lincoln Financial Investments Corporation (14) | 0.63% | 14.54% | 13.69% | 14.84% |
| U.S. Equity | MFS<sup>®</sup> VIT Growth Series - Initial Class - Massachusetts Financial Services Company <sup>(1)</sup> | 0.73% | 12.19% | 11.10% | 15.60% |
| International <br>Equity | MFS<sup>®</sup> VIT II International Growth Portfolio - Initial Class - Massachusetts Financial Services Company <sup>(1)</sup> | 0.88% | 21.12% | 7.07% | 9.88% |
| International <br>Equity | MFS<sup>®</sup> VIT II Research International Portfolio - Initial Class - Massachusetts Financial Services Company <sup>(1)</sup> | 0.90% | 22.05% | 5.51% | 7.54% |
| U.S. Equity | MFS<sup>®</sup> VIT III Blended Research<sup>®</sup> Small Cap Equity Portfolio - Initial Class - Massachusetts Financial Services Company <sup>(1)</sup> | 0.58% | 5.76% | 6.92% | 9.10% |
| Sector Equity | MFS<sup>®</sup> VIT III Global Real Estate Portfolio - Initial Class <sup>(1)</sup> | 0.90% | 3.53% | 1.32% | 5.01% |
| U.S. Equity | MFS<sup>®</sup> VIT III Mid Cap Value Portfolio - Initial Class - Massachusetts Financial Services Company <sup>(1)</sup> | 0.79% | 5.98% | 10.18% | 9.95% |
| U.S. Equity | MFS<sup>®</sup> VIT Mid Cap Growth Series - Initial Class - Massachusetts Financial Services Company <sup>(1)</sup> | 0.81% | 3.66% | 3.26% | 11.60% |
| U.S. Equity | MFS<sup>®</sup> VIT New Discovery Series - Initial Class - Massachusetts Financial Services Company <sup>(1)</sup> | 0.87% | 12.96% | -0.28% | 10.74% |
| U.S. Equity | MFS<sup>®</sup> VIT Research Series - Initial Class - Massachusetts Financial Services Company <sup>(1)</sup> | 0.74% | 12.85% | 11.15% | 12.93% |

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[**TABLE OF CONTENTS**](#TOCtm262872d2_497vpu)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Asset <br>Allocation <br>Type** | **Portfolio Company - Investment Adviser; <br>*Sub-Adviser(s), as applicable*** | **Current <br>Expenses**  |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |
| **Asset <br>Allocation <br>Type** | **Portfolio Company - Investment Adviser; <br>*Sub-Adviser(s), as applicable*** | **Current <br>Expenses**  | **1 Year**  | **5 Year**  | **10 Year**  |
| Taxable Bond | MFS<sup>®</sup> VIT Total Return Bond Series - Initial Class - Massachusetts Financial Services Company <sup>(1)</sup> | 0.53% | 7.17% | 0.15% | 2.63% |
| U.S. Equity | MFS<sup>®</sup> VIT Value Series - Initial Class - Massachusetts Financial Services Company <sup>(1)</sup> | 0.69% | 13.01% | 9.95% | 10.05% |
| U.S. Equity | Neuberger Berman AMT Mid Cap Intrinsic Value Portfolio - Class I <sup>(1)(12)</sup> | 0.85% | 11.56% | 10.06% | 7.75% |
| U.S. Equity | Neuberger Berman AMT Mid-Cap Growth Portfolio - Class I <sup>(1)</sup> <sup>(3)</sup> | 0.86% | 5.45% | 4.47% | 10.96% |
| U.S. Equity | Neuberger Berman AMT Quality Equity Portfolio - Class I (formerly, Neuberger Berman AMT Sustainable Equity Portfolio)  | 0.87% | 13.74% | 12.83% | 12.94% |
| Sector Equity | Nomura VIP International Core Equity Series - Standard Class - Delaware Management Company, a series of Nomura Investment Management Business Trust (formerly, Macquarie VIP International Core Equity Series - Standard Class) <br> &nbsp;&nbsp;&nbsp;&nbsp; <sup>(1)</sup>  | 0.86% | 24.55% |  |  |
| U.S. Equity | Nomura VIP Small Cap Value Series - Service Class *-* Delaware Management Company, a series of Nomura Investment Management Business Trust (formerly, Macquarie VIP Small Cap Value Series - Service Class) | 1.04% | 7.83% | 8.93% | 8.84% |
| Commodities | PIMCO VIT CommodityRealReturn<sup>®</sup> Strategy Portfolio - Administrative Class <sup>(1)</sup> | 3.19% | 18.79% | 10.55% | 6.54% |
| Taxable Bond | PIMCO VIT Global Bond Opportunities Portfolio (Unhedged) - Administrative Class | 1.15% | 12.87% | 0.17% | 2.47% |
| Taxable Bond | PIMCO VIT High Yield Portfolio - Administrative Class | 0.81% | 8.95% | 3.97% | 5.57% |
| Taxable Bond | PIMCO VIT Income Portfolio - Institutional Class | 0.77% | 10.36% | 3.57% |  |
| Taxable Bond | PIMCO VIT International Bond Portfolio (U.S. Dollar-Hedged) - Administrative Class | 1.09% | 3.95% | 1.03% | 2.88% |
| Taxable Bond | PIMCO VIT Low Duration Portfolio - Administrative Class | 0.66% | 5.52% | 1.57% | 1.79% |
| Taxable Bond | PIMCO VIT Real Return Portfolio - Administrative Class | 1.39% | 7.85% | 1.21% | 3.21% |
| Taxable Bond | PIMCO VIT Total Return Portfolio - Administrative Class | 0.73% | 8.89% | 0.02% | 2.36% |
| International <br>Equity | *Putnam VT Focused International Equity Fund - Class IA - Franklin Advisers, Inc.; Franklin Templeton Investment Management Limited; The Putnam Advisory Company, LLC<sup>(1)</sup>* | 0.78% | 36.75% | 9.41% | 9.66% |
| Allocation | *Putnam VT Global Asset Allocation Fund - Class IA - Franklin Advisers, Inc. - Putnam Investment Management, LLC; Franklin Templeton Investment Management Limited; The Putnam Advisory Company, LLC<sup>(1)</sup>* | 0.84% | 14.63% | 8.67% | 8.71% |
| Taxable Bond | *Putnam VT High Yield Fund - Class IA - Franklin Advisers, Inc. - Putnam Investment Management, LLC; Franklin Templeton Investment Management Limited* | 0.71% | 8.86% | 4.28% | 5.94% |
| Taxable Bond | *Putnam VT Income Fund - Class IB - Franklin Advisers, Inc. - Putnam Investment Management, LLC; Franklin Templeton Investment Management Limited* | 0.82% | 7.25% | -1.13% | 1.89% |
| International <br>Equity | *Putnam VT International Value Fund - Class IA - Franklin Advisers, Inc.; Franklin Templeton Investment Management Limited; The Putnam Advisory Company, LLC* | 0.81% | 35.07% | 12.77% | 9.13% |
| U.S. Equity | *Putnam VT Large Cap Growth Fund - Class IA - Franklin Advisers, Inc.; Franklin Templeton Investment Management Limited* | 0.62% | 14.58% | 13.71% | 17.95% |

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[**TABLE OF CONTENTS**](#TOCtm262872d2_497vpu)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Asset <br>Allocation <br>Type** | **Portfolio Company - Investment Adviser; <br>*Sub-Adviser(s), as applicable*** | **Current <br>Expenses**  |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |  ***Average Annual Total Returns <br>(as of 12/31/2025)*** |
| **Asset <br>Allocation <br>Type** | **Portfolio Company - Investment Adviser; <br>*Sub-Adviser(s), as applicable*** | **Current <br>Expenses**  | **1 Year**  | **5 Year**  | **10 Year**  |
| U.S. Equity | *Putnam VT Large Cap Value Fund - Class IA - Franklin Advisers, Inc.; Franklin Templeton Investment Management Limited* | 0.54% | 20.66% | 15.68% | 13.58% |
| U.S. Equity | *Putnam VT Small Cap Value Fund - Class IA - Franklin Advisers, Inc.; Franklin Templeton Investment Management Limited* | 0.77% | 5.46% | 11.28% | 9.39% |
| U.S. Equity | *Putnam VT Sustainable Future Fund - Class IA - Franklin Advisers, Inc.; Franklin Templeton Investment Management Limited<sup>(1)</sup>* | 0.80% | 2.87% | 1.44% | 9.88% |
| U.S. Equity | *Putnam VT U.S. Research Fund - Class IA - Franklin Advisers, Inc.; Franklin Templeton Investment Management Limited; The Putnam Advisory Company, LLC (formerly, Putnam VT Research Fund) (formerly, Putnam VT Research Fund)* | 0.70% | 18.16% | 14.80% | 15.36% |
| U.S. Equity | Royce Capital Small-Cap Portfolio - Service Class <sup>(8)</sup>  | 1.44% | 8.73% | 10.40% | 7.63% |
| U.S. Equity | T. Rowe Price<sup>®</sup> Blue Chip Growth Portfolio-II Class | 1.00% | 18.43% | 11.41% | 15.25% |
| International <br>Equity | VanEck<sup>®</sup> VIP Emerging Markets Fund - Initial Class <sup>(1)(7)</sup> | 1.30% | 29.92% | -0.77% | 5.48% |
| Sector Equity | VanEck<sup>®</sup> VIP Global Resources Fund - Initial Class (12) | 1.08% | 36.48% | 10.51% | 8.33% |
| Taxable Bond | Vanguard Variable Insurance Funds - Global Bond Index Portfolio  | 0.13% | 5.69% | -0.41% |  |
| Sector Equity | Vanguard Variable Insurance Funds - Real Estate Index Portfolio | 0.26% | 3.11% | 4.50% | 5.08% |
| Taxable Bond | Vanguard Variable Insurance Funds - Total Bond Market Index Portfolio | 0.14% | 6.93% | -0.50% | 1.90% |

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<sup>(1)</sup> <br>

*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; These Portfolios and their investment advisers have entered into contractual fee waivers or expense reimbursement arrangements. These temporary fee reductions are reflected in their annual expenses.*

<sup>(2)</sup> <br>

 *The Sub-Account investing in this Fund was closed to new Owners effective May 1, 2004.* 

<sup>(3)</sup> <br>

 *The Sub-Account investing in this Fund was closed to new Owners effective May 1, 2005.* 

<sup>(4)</sup> <br>

 *The Sub-Account investing in this Fund was closed to new Owners effective May 1, 2010.* 

<sup>(5)</sup> <br>

 *The Sub-Account investing in this Fund was closed to new Owners effective May 1, 2013.* 

<sup>(6)</sup> <br>

 *The Sub-Account investing in this Fund was closed to new Owners effective May 1, 2014.* 

<sup>(7)</sup> <br>

 *The Sub-Account investing in this Fund was closed to new Owners effective May 1, 2015.* 

<sup>(8)</sup> <br>

 *The Sub-Account investing in this Fund was closed to new Owners effective May 1, 2016.* 

<sup>(9)</sup> <br>

 *The Sub-Account investing in this Fund was closed to new Owners effective May 1, 2017.* 

<sup>(10)</sup> <br>

 *The Sub-Account investing in this Fund was closed to new Owners effective May 1, 2019.* 

<sup>(11)</sup> <br>

*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Sub-Account investing in this Fund was closed to new Owners effective October 25, 2019.* 

<sup>(12)</sup> <br>

*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Sub-Account investing in this Fund was closed to new Owners effective May 1, 2021.* 

<sup>(13)</sup> <br>

 *The Sub-Account investing in this Fund was closed to new Owners effective April 26, 2024.* 

<sup>(14)</sup> <br>

 *The Sub-Account investing in this Fund was closed to new Owners effective May 1, 2024.* 

<sup>(15)</sup> <br>

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

***There is no assurance that the stated objectives and policies of any of the Funds will be achieved. More detailed information concerning the investment objectives, policies and restrictions of the Funds, the expenses of the Funds, the risks attendant to investing in the Funds and other aspects of their operations can be found in the current prospectuses for the Funds and the current Statement of Additional Information for each of the Funds. You may obtain a prospectus or a Statement of Additional Information for any of the Funds by contacting the Company or by asking your financial adviser. You should read the Funds' prospectuses carefully before making any decision concerning the allocation of Purchase Payments or transfers among the Sub-Accounts.***

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[**TABLE OF CONTENTS**](#TOCtm262872d2_497vpu)

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

EDGAR Contract Identifier: C000031797

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