# EDGAR Filing Document

**Accession Number:** 0000851066
**File Stem:** 0001104659-26-046093
**Filing Date:** 2026-4
**Character Count:** 673306
**Document Hash:** 5a9c8908bc488a55d650824c695a39b8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-046093.hdr.sgml**: 20260421

**ACCESSION NUMBER**: 0001104659-26-046093

**CONFORMED SUBMISSION TYPE**: 485BPOS

**PUBLIC DOCUMENT COUNT**: 6

**FILED AS OF DATE**: 20260421

**DATE AS OF CHANGE**: 20260421

**EFFECTIVENESS DATE**: 20260501

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Variable Annuity-2 Series Account
- **CENTRAL INDEX KEY:** 0000851066

**ORGANIZATION NAME:**
- **EIN:** 382816473
- **STATE OF INCORPORATION:** CO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05817
- **FILM NUMBER:** 26880246

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Variable Annuity-2 Series Account of Great-West Life & Annuity Ins. Co.
- **DATE OF NAME CHANGE:** 20110922

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VARIFUND VARIABLE ANNUITY ACCOUNT
- **DATE OF NAME CHANGE:** 20091001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CANADA LIFE of AMERICA VARIABLE ANNUITY ACCOUNT 1
- **DATE OF NAME CHANGE:** 20060110
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Variable Annuity-2 Series Account
- **CENTRAL INDEX KEY:** 0000851066

**ORGANIZATION NAME:**
- **EIN:** 382816473
- **STATE OF INCORPORATION:** CO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-212090
- **FILM NUMBER:** 26880245

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Variable Annuity-2 Series Account of Great-West Life & Annuity Ins. Co.
- **DATE OF NAME CHANGE:** 20110922

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VARIFUND VARIABLE ANNUITY ACCOUNT
- **DATE OF NAME CHANGE:** 20091001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CANADA LIFE of AMERICA VARIABLE ANNUITY ACCOUNT 1
- **DATE OF NAME CHANGE:** 20060110

## Series and Classes Contracts Data

### Variable Annuity-2 Series Account (Series ID: S000006612)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000173055 | Great-West Smart Track Advisor |  |

**As filed with the Securities and Exchange Commission on April 21, <u>2026</u>**

**File No. 333-212090**

**File No. 811-05817**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM N-4**

**REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933** **☒**

**PRE-EFFECTIVE AMENDMENT NO.** **☐**

**POST-EFFECTIVE AMENDMENT NO. 29** **☒**

**and/or**

**REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940** **☒**

**AMENDMENT NO.** **112** **☒**

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

(Exact Name of Registered Separate Account)

**EMPOWER ANNUITY INSURANCE <br> COMPANY OF AMERICA**

(Name of Insurance Company)

**8515 E Orchard Road**

**Greenwood Village, Colorado 80111**

(Address of Insurance Company's Principal Executive Offices)

**(303) 737-3000**

(Insurance Company's Telephone Number, including Area Code)

**Brandon J. Cage, Esquire**

**Protective Life Insurance Company**

**2801 Highway 280 South**

**Birmingham, Alabama 35223**

(Name and Address of Agent for Services)

Copy to:

 **Stephen Roth, Esq**

**Thomas Bisset, Esq.**

**Eversheds Sutherland (US) LLP**

**700 6th Street, NW**

**Washington, D.C. 20001**

**It is proposed that this filing will become effective (check appropriate box):**

**☐** **Immediately upon filing pursuant to paragraph (b) of Rule 485**

**☒** **on May 1, 2026 pursuant to paragraph (b) of Rule 485**

**☐** **60 days after filing pursuant to paragraph (a)(1) of Rule 485**

**☐** **on pursuant to paragraph (a)(1) of rule 485 under the Securities Act of 1933 ("Securities Act").**

**If appropriate, check the following box:**

**☐** **This post-effective amendment designates a new effective date for a previously filed post-effective amendment.**

**Check each box that appropriately characterizes the Registrant:**

**☐** **New Registrant (as applicable, a Registered Separate Account or Insurance Company that has not filed a Securities Act registration statement or amendment thereto within 3 years preceding this filing)**

**☐** **Emerging Growth Company (as defined by Rule 12b-2 under the Securities Exchange Act of 1934 ("Exchange Act"))**

**☐** **If an Emerging Growth Company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of Securities Act**

**☒** **Insurance Company relying on Rule 12h-7 under Exchange Act**

**☐** **Smaller reporting company (as defined by Rule 12b-2 under the Exchange Act)**

Title of Securities Being Registered:

Individual Flexible Premium Variable Annuity Contract

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

#### PROSPECTUS

#### May 1, 2026

---

| | |
|:---|:---|
| ***Great-West Smart Track<sup>®</sup> Advisor <br>Variable Annuity***  | *Issued by Empower Annuity Insurance Company of America <br>Variable Annuity-2 Series Account <br>P.O. Box 1854 <br>Birmingham, Alabama 35201-1854 <br>Telephone: 1-877-723-8723*  |

---

This Prospectus describes the Great-West Smart Track<sup>®</sup> Advisor Variable Annuity (the "Contract") — an individual flexible premium variable annuity contract that allows you to accumulate assets on a tax-deferred basis for retirement or other long-term purposes, is not a short-term investment, and is not appropriate for an investor who needs ready access to cash. Empower Annuity Insurance Company of America ("we," "us," or "Empower") issued the Contract to eligible persons in all United States jurisdictions except New York. The Contract may be owned by one or two natural persons, an IRA custodian or trustee, by a Non-Grantor Trust, or by a Grantor Trust with only one Grantor or with two Grantors who are one another's Spouse as of the Effective Date (see "Special Terms" below for definitions of capitalized terms). The Contract is a complex investment and involves risks, including potential loss of principal. Withdrawals could result in taxes and tax penalties. **The contract is no longer available to new purchasers.**

When you contribute money to the Contract, you decide how to allocate your money among the various investment options available through Variable Annuity-2 Series Account (the "Series Account"). The Series Account consists of two strategies: the Investment Strategy (relating to the base Contract) and the Income Strategy (relating to optional Guaranteed Lifetime Withdrawal Benefit Riders) (GLWB Riders). Payments under a GLWB Rider are taken from the Contract Owner's Annuity Account Value and the chance of outliving the Annuity Account Value and receiving payments from the Company may be minimal. You should consider which features are important to you and the amount of Series Account charges you are willing to bear relative to your needs. In deciding whether to purchase any of the optional benefits, you should consider the desirability of the benefit relative to its additional cost and to your needs.

We hold the assets for each investment option in a corresponding Sub-Account of the Series Account. Each Sub-Account, in turn, invests in a Portfolio under the Investment Strategy or a Covered Fund under the Income Strategy.

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

This Prospectus provides important information about the Series Account and investment options that you should know about the Contract, including a description of the material rights and obligations under the Contract. It is important that you read the Contract, riders, and any amendments and endorsements. Please read this Prospectus carefully and keep it on file for future reference.

The Contract was sold to customers of Consultants and is intended to be used by investors who have engaged these Consultants to manage their Annuity Account Value for a fee. The fee that your Consultant charges you for the management of the Annuity Account Value is covered in a separate agreement between you and the Consultant and is in addition to the fees and expenses for the Contract that are described in this Prospectus.If you choose to have the fee paid to your Consultant deducted from your Annuity Account Value, we will deduct the fee pro-rata from each Sub-Account in which you are invested (i.e., in the same proportion that your investment in the Sub-Account has to your Annuity Account Value). If you allocated your Annuity Account Value to the Investment Strategy, the deduction will reduce your Death Benefit, and may be subject to federal and state income taxes and a 10% federal additional tax. If you allocated your Annuity Account Value to the Income Strategy, the deduction will reduce your Death Benefit and may be subject to federal and state income taxes and a 10% federal additional tax, and may also reduce the GLWB Benefit Base and the amount of the Guaranteed Annual Withdrawals. We offer other variable annuity products with different product features, benefits, and charges.

Empower's obligations under the Contract are subject to its financial strength and claims-paying ability.

The Contract is not a deposit or obligation of, or insured, guaranteed or endorsed by, any bank, the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other agency. The Contract involves certain investment risks, including possible loss of principal.

#### For account information, please contact:
Retirement Resource Operations Center (both regular and overnight mail)

Regular Mail: <br>PO Box 1854 <br>Birmingham, Alabama 35201-1854

------

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

Overnight Mail: <br>2801 Highway 280 South <br>Birmingham, Alabama 35223 <br>877-723-8723

**This Prospectus does not constitute an offering in any jurisdiction in which such offering may not be lawfully made. No dealer, salesperson or other person is authorized to give any information or make any representations in connection with the Contract other than those contained in this Prospectus, and, if given or made, such other information or representations must not be relied on.**

*The SEC has not approved or disapproved these securities or passed upon the adequacy of this Prospectus. Any representation to the contrary is a criminal offense.*

------

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

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
| [SPECIAL TERMS](#idSPECIALTERM53891)  | [4](#idSPECIALTERM53891)  |
| [OVERVIEW OF THE VARIABLE ANNUITY CONTRACT](#idOVERVIEWOFT12172)  | [10](#idOVERVIEWOFT12172)  |
|  [IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACT](#idIMPORTANTIN23072)  | [12](#idIMPORTANTIN23072)  |
| [FEE TABLES](#idFEETABLES31144)  | [16](#idFEETABLES31144)  |
| [PRINCIPAL RISKS OF INVESTING IN THE CONTRACT](#idPRINCIPALRI11299)  | [20](#idPRINCIPALRI11299)  |
| [EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA](#idEMPOWERANNU93038)  | [21](#idEMPOWERANNU93038)  |
| &nbsp;&nbsp;&nbsp; [The Series Account](#idTSA3638)  | [21](#idTSA3638)  |
| &nbsp;&nbsp;&nbsp; [The Portfolios](#idTP11218)  | [22](#idTP11218)  |
| &nbsp;&nbsp;&nbsp; [Meeting Investment Objectives](#idMIO603)  | [23](#idMIO603)  |
| &nbsp;&nbsp;&nbsp; [Where to Find More Information About the Portfolios](#idWFMIAP898)  | [23](#idWFMIAP898)  |
| &nbsp;&nbsp;&nbsp; [Addition, Deletion or Substitution of Sub-Accounts](#idADSSA2572)  | [23](#idADSSA2572)  |
| &nbsp;&nbsp;&nbsp; [Application and Initial Contributions](#idAIC2183)  | [24](#idAIC2183)  |
| &nbsp;&nbsp;&nbsp; [Right to Cancel Period](#idRCP2927)  | [24](#idRCP2927)  |
| &nbsp;&nbsp;&nbsp; [Subsequent Contributions](#idSC2185)  | [25](#idSC2185)  |
| &nbsp;&nbsp;&nbsp; [Annuity Account Value](#idAAV5563)  | [25](#idAAV5563)  |
| &nbsp;&nbsp;&nbsp; [Transfers](#idT2478)  | [26](#idT2478)  |
| &nbsp;&nbsp;&nbsp; [Market Timing and Excessive Trading](#idMTET8754)  | [27](#idMTET8754)  |
| &nbsp;&nbsp;&nbsp; [Automatic Custom Transfers](#idACT11672)  | [32](#idACT11672)  |
| &nbsp;&nbsp;&nbsp; [Cash Withdrawals](#idCW21250)  | [34](#idCW21250)  |
| &nbsp;&nbsp;&nbsp; [Deductions to Pay Consultant Fees](#idDPCF9688)  | [35](#idDPCF9688)  |
| &nbsp;&nbsp;&nbsp; [Tax Consequences of Withdrawals](#idTCW1211)  | [37](#idTCW1211)  |
| &nbsp;&nbsp;&nbsp; [Tax Consequences of Consultant Fees](#idTCCF3190)  | [38](#idTCCF3190)  |
| &nbsp;&nbsp;&nbsp; [Telephone and Internet Transactions](#idTIT1723)  | [38](#idTIT1723)  |
| [DEATH BENEFIT](#idDEATHBENEFI45608)  | [39](#idDEATHBENEFI45608)  |
| &nbsp;&nbsp;&nbsp; [Ownership](#idO10472)  | [41](#idO10472)  |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; [Beneficiary](#idB21596)  | [42](#idB21596)  |
| &nbsp;&nbsp;&nbsp; [Pre-Selected Beneficiary Payout Options](#idPSBPO3800)  | [43](#idPSBPO3800)  |
| &nbsp;&nbsp;&nbsp; [Distribution of Death Benefit (for all Contracts other than Non-Qualified Stretch Annuities)](#idDDBQAC14954)  | [43](#idDDBQAC14954)  |
| [CHARGES AND DEDUCTIONS](#idCHARGESANDD8223)  | [46](#idCHARGESANDD8223)  |
| [PERIODIC WITHDRAWALS](#idPERIODICWIT3733)  | [47](#idPERIODICWIT3733)  |
| [ANNUITY PAYOUTS FROM THE INVESTMENT STRATEGY](#idANNUITYPAYO9526)  | [48](#idANNUITYPAYO9526)  |
| [BENEFITS AVAILABLE UNDER THE CONTRACT](#idBENEFITSAVA16867)  | [28](#idBENEFITSAVA16867)  |
| [GUARANTEED LIFETIME WITHDRAWAL BENEFIT](#idGUARANTEEDL107924)  | [49](#idGUARANTEEDL107924)  |
| &nbsp;&nbsp;&nbsp; [Types of Excess Withdrawals](#idTEW5278)  | [54](#idTEW5278)  |
| &nbsp;&nbsp;&nbsp; [Guaranteed Lifetime Withdrawal Benefit Riders](#idGLWBR33012)  | [61](#idGLWBR33012)  |
| [TAXATION OF ANNUITIES IN GENERAL](#idTAXATIONOFA39552)  | [66](#idTAXATIONOFA39552)  |
| [DISTRIBUTION OF THE CONTRACTS](#idDISTRIBUTIO4709)  | [72](#idDISTRIBUTIO4709)  |
| [VOTING RIGHTS](#idVOTINGRIGHT2379)  | [72](#idVOTINGRIGHT2379)  |
| [RIGHTS RESERVED BY EMPOWER](#idRIGHTSRESER2158)  | [73](#idRIGHTSRESER2158)  |
| [LEGAL PROCEEDINGS](#idLEGALPROCEE2623)  | [73](#idLEGALPROCEE2623)  |
| [LEGAL MATTERS](#idLEGALMATTER1443)  | [74](#idLEGALMATTER1443)  |
| [FINANCIAL STATEMENTS](#idFINANCIALST255)  | [74](#idFINANCIALST255)  |
| [AVAILABLE INFORMATION](#idAVAILABLEIN704)  | [74](#idAVAILABLEIN704)  |
|  [APPENDIX: INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT](#idAPPENDIXINV114478)  | [75](#idAPPENDIXINV114478)  |
|  [APPENDIX: STATE VARIATIONS TO THE CONTRACT, GLWB RIDERS, AND ENDORSEMENTS](#idAPPENDIXSTA17935)  | [81](#idAPPENDIXSTA17935)  |
|  [APPENDIX: GUARANTEED ANNUAL WITHDRAWAL PERCENTAGES AND CREDITS](#idAPPENDIXGUA46592)  | [87](#idAPPENDIXGUA46592)  |

---

------

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

#### SPECIAL TERMS
**1035 Exchange** A tax-free exchange of certain types of insurance contracts, as allowed by a provision of the Code.

**Accumulation Credit** The percentage used to determine the amount of the guaranteed minimum increase of the Benefit Base under the Great-West Secure Income Plus GLWB Rider. The Accumulation Credit is set forth in a Rate Sheet Supplement to this Prospectus. The applicable Rate Sheet Supplement and Accumulation Credit are based on the date you signed the application to purchase the Contract. For the Accumulation Credit applicable to you, please see the Appendix entitled "Guaranteed Annual Withdrawal Percentages and Credits" at the end of this Prospectus.

**Accumulation Unit** An accounting measure used to determine the Annuity Account Value before the date annuity payouts commence.

**Alternate Payee** Any Spouse or former Spouse of an Owner who has the right pursuant to a Decree to receive all or a portion of the benefit payable under the Contract with respect to such Owner.

**Annuitant (Joint Annuitant)** The person named in the application upon whose life the payout of an annuity is based and who will receive annuity payouts. The Annuitant will be the Owner unless otherwise indicated in the application. Joint Annuitants may be named in the application or any time before the Annuity Commencement Date, and must be one another's Spouse as of the Effective Date. If you select a Joint Annuitant, Annuitant means the older Joint Annuitant or the sole surviving Joint Annuitant. If you name a Contingent Annuitant, the Annuitant will be considered the Primary Annuitant. If an IRA custodian or trustee owns the Contract, the Underlying IRA Holder must be the Annuitant and if there are two Annuitants, the Joint Annuitant must be the Underlying IRA Holder's Spouse and the designated beneficiary of the custodial or trusteed account. If a Grantor Trust owns the Contract, the Grantor will be the Annuitant unless otherwise indicated in the application. If a Non-Grantor Trust owns the Contract, the grantor will be the Annuitant unless otherwise indicated in the application. If a Non-Grantor Trust owns the Contract, no Contingent Annuitant may be named and the Annuitant will be considered the Primary Annuitant.

**Annuity Account** An account we establish in your name that reflects all account activity under your Contract in both the Investment Strategy and the Income Strategy.

**Annuity Account Value** The sum of the value of each Sub-Account you have selected in both the Investment Strategy and Income Strategy. The Annuity Account Value is credited with a return based upon the investment experience of the Sub-Account(s) selected by you and will increase and decrease accordingly.

**Annuity Commencement Date** The date annuity payouts begin, which is either the Payout Election Date or the Annuitant's 99th birthday if no Payout Election Date has been established. You may change the Annuity Commencement Date if annuity payouts have not already begun. Upon death of the Owner, the Beneficiary may change the Annuity Commencement Date only if the Beneficiary is the Owner's surviving Spouse and elects to continue the Contract. The Annuity Commencement Date must occur no later than the Annuitant's 99th birthday.

**Annuity Payout Period** The period beginning on the Annuity Commencement Date and continuing until all annuity payouts have been made under the Contract. During this period, the Annuitant receives payouts from the annuity.

**Annuity Unit** An accounting measure we use to determine the amount of any variable annuity payout after the first annuity payout is made.

**Automatic Bank Draft Plan** A feature, if made available by Empower, that allows you to make automatic periodic Contributions. Contributions will be withdrawn from an account you specify and automatically credited to your Annuity Account.

**Beneficial Owner** For a Contract held as a Non-Qualified Stretch Annuity, the natural person who is the designated Beneficiary of any Death Benefit proceeds as a result of the death of the Owner. The Beneficial Owner may not be a non-natural entity such as a Grantor Trust or Non-Grantor Trust.

**Beneficiary** The person(s) designated by the Owner to receive any Death Benefit under the terms of the Contract. If the surviving Spouse of an Owner is the surviving Joint Owner, the surviving Spouse will be deemed to be the Beneficiary upon such Owner's death and may take the Death Benefit or elect to continue this Contract in force. If a Non-Grantor Trust owns the Contract, the Owner will at all times be the Beneficiary.

**Benefit Base** For purposes of the GLWB Riders, the amount that is multiplied by the Guaranteed Annual Withdrawal Percentage to calculate the Guaranteed Annual Withdrawal. The Benefit Base increases dollar-for-dollar upon any GLWB Rider Contribution and is reduced proportionately for any Excess Withdrawal. The Benefit Base can also increase with positive Covered Fund performance on the Ratchet Date and may also be adjusted on the Ratchet Date. The

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

Benefit Base may not exceed $5 million. Any Covered Fund Value over $5 million will be considered excess Covered Fund Value and will not be used to calculate Guaranteed Annual Withdrawals.

**Business Day** Any day, and during the hours, on which the New York Stock Exchange is open for trading. If a date falls on a non-Business Day, the following Business Day will be used unless otherwise stated in the Prospectus.

**Code** The Internal Revenue Code of 1986, as amended, and all related laws and regulations which are currently in effect.

**Consultant** One or more investment managers or financial advisors designated by an Owner to provide advisory services to an Owner. Consultants may be registered as investment adviser representatives.

**Contingent Annuitant** The person you may name in the application who becomes the Annuitant when the Primary Annuitant dies. The Contingent Annuitant must be designated before the death of the Primary Annuitant and at least 30 days prior to the Annuity Commencement Date. If a Non-Grantor Trust owns the Contract, no Contingent Annuitant may be named.

**Contingent Beneficiary** The person you may designate to become the Beneficiary when the primary Beneficiary dies.

**Contract Year** Contract Years begin on the Effective Date and renew on each anniversary of the Effective Date.

**Contributions** Amounts of money you invest or deposit into your Annuity Account.

**Covered Fund(s)** Interests in Sub-Accounts approved by Empower for the Income Strategy.

**Covered Fund Value** The aggregate value of each Covered Fund.

**Covered Person(s)** For purposes of a GLWB Rider, the natural person(s) whose age determines the Guaranteed Annual Withdrawal Percentage and on whose life the Guaranteed Annual Withdrawal Amount will be based. If there are two Covered Persons, the Joint Guaranteed Annual Withdrawal Percentage will be based on the age of the younger life and the Installments can continue until the death of the second life. If a natural person owns the Contract, the Owner of the Contract must be a Covered Person. If a Grantor Trust owns the Contract, the Grantor(s) must be the sole Covered Person(s). A Joint Covered Person, when permitted, must be the Owner's Spouse and (i) a Joint Owner; or (ii) the 100% primary Beneficiary under the Contract. If an IRA custodian or trustee owns the Contract, the Underlying IRA Holder must be a Covered Person and if there are two Covered Persons, the Joint Covered Person must be the Underlying IRA Holder's Spouse and the designated beneficiary of the custodial or trusteed account. If a Non-Grantor Trust owns the Contract, the Covered Person, if any, must be the Annuitant.

**Death Benefit** The amount payable to the Beneficiary when the Owner or the Annuitant dies. Death Benefit Option 1 provides for the return of Annuity Account Value; Death Benefit Option 2 (also called the Guaranteed Minimum Death Benefit) provides for the return of the greater of Annuity Account Value or the sum of Contributions less the proportionate impact of withdrawals, distributions, and Premium Tax, if any. See "Death Benefit" below for more details.

**Decree** A divorce or separation instrument, as defined in Section 121(d)(3)(C)(i) of the Code, that creates or recognizes the existence of an Alternate Payee's right to, or assigns to an Alternate Payee the right to receive all or a portion of the benefits payable with respect to an Owner that Empower accepts and approves, except as otherwise agreed.

**Distributions** Amounts paid from a Covered Fund, including but not limited to partial and systematic withdrawals.

**Distribution Credit** The amount by which the GAW% is increased for Rider Contributions aged 5 years or more prior to starting the GAW Phase under the Great-West Secure Income Max GLWB Rider. The Distribution Credit is set forth in a Rate Sheet Supplement to this Prospectus. The applicable Rate Sheet Supplement and Distribution Credit are based on the date you signed the application to purchase the Contract. For the Distribution Credit applicable to you, please see the Appendix entitled "Guaranteed Annual Withdrawal Percentages and Credits" at the end of this Prospectus.

**Effective Date** The date on which the first Contribution is credited to your Annuity Account. Contract Years, anniversaries, and quarters are measured from the Effective Date.

**Eligible Designated Beneficiary (EDB)** a designated Beneficiary that also meets the requirements defined in Code Section 401(a)(9)(E)(ii). An EDB includes: (i) the surviving Spouse of the Owner; (ii) a minor child (until they reach the age of majority); (iii) a disabled person (within the meaning of Code Section 72(m)(7)); (iv) a chronically ill person; or (v) an individual who is not more than 10 years younger than the Owner. A Beneficiary's status as an EDB is determined on the date of the Owner's death.

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**Excess Withdrawal** An amount of either a Distribution or Transfer from the Covered Fund(s) during the GLWB Accumulation Phase or any amount combined with all other such amounts that exceed the annual GAW during the GAW Phase. Excess Withdrawals reduce your Benefit Base. The Guarantee Benefit Fee, the M&E Charge, and up to 1.5% of Covered Fund Value to pay for Consultant fees shall not be treated as a Distribution or Excess Withdrawal for this purpose. Deductions from the Covered Fund(s) in the Income Strategy to pay Consultant fees up to 1.5% annually of the Covered Fund Value will not be considered an Excess Withdrawal; deductions for that purpose will be considered an Excess Withdrawal to the extent they exceed 1.5% annually of the Covered Fund Value, and would reduce the Death Benefit as well as your Benefit Base and GAWs under a GLWB Rider.

**FFF Portfolios** Investment Strategy Portfolios, the Sub-Accounts of which may be accessed with payment of an additional asset-based fee called the Fund Facilitation Fee.

**Fund Facilitation Fee** An amount deducted at the end of each valuation period from Sub-Account assets, if any, invested in certain Investment Strategy Portfolios called the FFF Portfolios. The Fund Facilitation Fee may also be referred to as a platform charge. The Fund Facilitation Fee will be reflected in the Accumulation Unit values of the Sub-Accounts invested in the FFF Portfolios you select. See "Fund Facilitation Fee" below for more information.

**GLWB Accumulation Phase** The period of time between the GLWB Rider Election Date and the Initial Installment Date.

**GLWB Riders** The Guaranteed Lifetime Withdrawal Benefit (GLWB) Riders that are issued to Owners and which specify the benefits, rights, privileges, and obligations of the Owner and Empower in the Income Strategy, as modified by the Rate Sheet Supplement applicable on the date you signed the application to purchase the Contract. A GLWB Rider is initiated by allocating Contributions to an Income Strategy Covered Fund. One or more GLWB Riders may not be available through all financial intermediaries. All GLWB Riders available at the time you purchase your Contract will remain available for you to elect for the duration of your Contract. You may only elect one GLWB Rider. All guarantees are subject to the claims paying ability of Empower.

**GLWB Rider Contributions** Owner-directed amounts received and allocated to the Owner's Covered Fund(s) in the Income Strategy, including but not limited to Transfers from other assets in the Contract. If this Contract is a Qualified Annuity Contract, GLWB Rider Contributions may also include rollovers as defined under Section 402(c), 403(b)(8), 408(d)(3) and 457(e)(16) of the Code. Reinvested dividends, capital gains, and settlements arising from the Covered Fund(s) will not be considered GLWB Rider Contributions for the purpose of calculating the Benefit Base but will affect the Covered Fund Value. Once you have elected a GLWB Rider by making a GLWB Rider Contribution, you are not able to make Contributions to any other GLWB Rider. If we refuse to accept additional Contributions, you will retain all other rights under the GLWB Rider, including the right to make Transfers from the Investment Strategy to the Income Strategy.

**GLWB Rider Election Date** The Business Day on which the Owner or Spouse Beneficiary elects the GLWB option in a GLWB Rider by allocating GLWB Rider Contributions to a Covered Fund(s). The GLWB Rider Election Date will be the date upon which the Initial Benefit Base is calculated and before the Owner attains the age of 86 years old.

**GLWB Settlement Phase** The period when the Covered Fund Value has reduced to zero, but the Benefit Base is still positive and during which Installments will continue to be paid.

**Grantor** The natural person who is treated under Sections 671 through 679 of the Code as owning the assets of a Grantor Trust. Generally, the Grantor is the creator of the trust relationship and is responsible for any tax liability on trust assets. All Grantors must be natural persons.

**Grantor Trust** A trust, the assets of which are treated under Sections 671 through 679 of the Code as being owned by the Grantor(s). We allow a Grantor Trust to be an Owner only if it either has a single Grantor who is a natural person, or two Grantors who are one another's Spouse as of the Effective Date. Generally, if a trust is a Grantor Trust, the Grantor is treated as the owner of the trust assets, the trust is disregarded as a separate tax entity, and all income is taxed to the Grantor. If a Grantor Trust owns the Contract, the Grantor will be the Annuitant unless otherwise indicated in the application.

**Great-West Secure Income Foundation GLWB Rider** Provided all conditions are met, the Great-West Secure Income Foundation GLWB Rider provides an annual withdrawal amount that is guaranteed for the lifetime of the Covered Person(s) according to a fixed schedule that varies the GAW% with the age of the Covered Person(s). The GAW% and Joint GAW% are set forth in a Rate Sheet Supplement applicable on the date you signed the application to purchase the Contract. For the GAW% and Joint GAW% applicable to you, please see the Appendix entitled "Guaranteed Annual Withdrawal Percentages and Credits" at the end of this Prospectus.

**Great-West Secure Income Max GLWB Rider** Provided all conditions are met, the Great-West Secure Income Max GLWB Rider provides an annual withdrawal amount that is guaranteed for the lifetime of the Covered Person(s) according

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to a fixed schedule that varies the GAW% with the age of the Covered Person(s). A higher GAW% may be available for Rider Contributions aged 5 years or more prior to starting the GAW Phase. The GAW%, Joint GAW% and Distribution Credit are set forth in a Rate Sheet Supplement applicable on the date you signed the application to purchase the Contract. For the GAW%, Joint GAW% and Distribution Credit applicable to you, please see the Appendix entitled "Guaranteed Annual Withdrawal Percentages and Credits" at the end of this Prospectus.

**Great-West Secure Income Plus GLWB Rider** Provided all conditions are met, the Great-West Secure Income Plus GLWB Rider provides an annual withdrawal amount that is guaranteed for the lifetime of the Covered Person(s) according to a fixed schedule that varies the GAW% with the age of the Covered Person(s). Prior to starting Guaranteed Annual Withdrawals, the Benefit Base increases by a guaranteed minimum amount each Contract Year up to a maximum of 10 Contract Years. The GAW%, Joint GAW% and Accumulation Credit are set forth in a Rate Sheet Supplement applicable on the date you signed the application to purchase the Contract. For the GAW%, Joint GAW% and Accumulation Credit applicable to you, please see the Appendix entitled "Guaranteed Annual Withdrawal Percentages and Credits" at the end of this Prospectus.

**Guarantee Benefit Fee** The fee associated with the Income Strategy and GLWB Riders. The Guarantee Benefit Fee may be referred to as the GLWB Rider Fee.

**Guaranteed Annual Withdrawal (GAW)** For purposes of a GLWB Rider, the annualized withdrawal amount that we guarantee for the lifetime of the Covered Person(s).

**Guaranteed Annual Withdrawal Percentage (GAW%)** The percentage of the Benefit Base that determines the amount of the GAW. The GAW% is set forth in a Rate Sheet Supplement to this Prospectus. The applicable Rate Sheet Supplement and GAW% are based on the date you signed the application to purchase the Contract. For the GAW% applicable to you, please see the Appendix entitled "Guaranteed Annual Withdrawal Percentages and Credits" at the end of this Prospectus.

**Guaranteed Annual Withdrawal (GAW) Phase** The period of time between the Initial Installment Date and the first day of the GLWB Settlement Phase. The GAW Phase begins when you elect to begin taking GAW payments.

**Guaranteed Lifetime Withdrawal Benefit (GLWB)** A payment option offered by a GLWB Rider that pays Installments during the life of the Covered Person(s). The Covered Person(s) can receive periodic payments in either monthly, quarterly, semiannual, or annual Installments that in total over a 12-month period equal the GAW.

**Guaranteed Minimum Death Benefit (also called Death Benefit Option 2)** Provides for the return of the greater of Annuity Account Value or the sum of Contributions less the proportionate impact of withdrawals, distributions, and Premium Tax, if any. See "Death Benefit" below for more details.

**Income Strategy** Assets allocated to the Sub-Account associated with an optional GLWB Rider attached to the Contract.

**Income Strategy Account Value** The sum of the values of the Sub-Accounts in the Income Strategy credited to the Owner under the Annuity Account. The Income Strategy Account Value is credited with a return based upon the investment experience of the investment option(s) selected by the Owner and will increase or decrease accordingly.

**Initial Installment Date** The date of the first Installment under a GLWB, which must be a Business Day.

**Installments** Periodic payments of the GAW.

**Investment Strategy** Assets allocated to the Sub-Accounts not associated with an optional GLWB Rider attached to the Contract.

**Investment Strategy Account Value** The sum of the values of the Sub-Accounts in the Investment Strategy credited to the Owner under the Annuity Account. The Investment Strategy Account Value is credited with a return based upon the investment experience of the investment option(s) selected by the Owner and will increase or decrease accordingly.

**Joint GAW%** The GAW% used with any GLWB Rider if there are two Covered Persons. The Joint GAW% is set forth in a Rate Sheet Supplement to this Prospectus. The applicable Rate Sheet Supplement and Joint GAW% are based on the date you signed the application to purchase the Contract. For the Joint GAW% applicable to you, please see the Appendix entitled "Guaranteed Annual Withdrawal Percentages and Credits" at the end of this Prospectus.

**Money Market Sub-Account** From May 1, 2024 through June 13, 2024: A Sub-Account that invests in the Empower Government Money Market Fund. After June 13, 2024: A Sub-Account that invests in the Fidelity® VIP Government Money Market Portfolio.

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**Mortality and Expense Risk Charge (M&E Charge)** An amount deducted from your Annuity Account Value at the end of each valuation period to compensate Empower for bearing certain mortality and expense risks under the Contract.

**Non-Grantor Trust** A trust in which the grantor has relinquished control over trust assets and in which trust assets do not form a part of the grantor's estate. A Non-Grantor Trust must be issued a Tax Identification Number in order to qualify as Owner of the Contract. If a Non-Grantor Trust owns the Contract, the grantor will be the Annuitant unless otherwise indicated in the application.

**Non-Qualified Annuity Contract** An annuity Contract which is not intended to satisfy the requirements of Section 408(b) (IRAs) or Section 408A (Roth IRAs) of the Code. We may issue this Contract as a Non-Qualified Annuity Contract.

**Non-Qualified Stretch Annuity Contract** An annuity Contract which is not intended to satisfy the requirements of Section 408(b) (IRAs) or Section 408A (Roth IRAs) of the Code, and in which a Successor Beneficiary may elect to receive his or her interest in a single sum or over the remaining distribution period initially selected by the Beneficial Owner. The Owner of a Contract held as a Non-Qualified Stretch Annuity may not be a non-natural entity such as a Grantor Trust or Non-Grantor Trust. We may issue this Contract as a Non-Qualified Stretch Annuity Contract.

**Owner (Joint Owner) or You** The person or persons named in the Contract who is entitled to exercise all rights and privileges under the Contract while the Annuitant is living. The Owner must be age 85 or younger at the time the Contract is issued. Joint Owners must be one another's Spouse as of the Effective Date and must both be natural persons. The Annuitant will be the Owner unless otherwise indicated in the application. If the Owner intends to hold the Contract as a Qualified Annuity Contract, the Owner must be the Annuitant and a Joint Owner is not permitted. The Owner must be either a natural person, an IRA custodian or trustee, a Grantor Trust, or a Non-Grantor Trust. If the Owner is a Grantor Trust, all references to the life, age, or death of the Owner pertain to the life, age, or death of the Grantor(s). If the Owner is a Non-Grantor Trust, all references to the life, age, or death of the Owner pertain to the life, age, or death of the Annuitant, and where there are Joint Annuitants, shall pertain to the older Joint Annuitant. If there is a change of ownership of the Contract from a Non-Grantor Trust to a natural person, the original Annuitant and/or Joint Annuitant shall continue to determine any benefits under the Contract and GLWB Riders. If the Owner is an IRA custodian or trustee, all references to the life, age, or death of the Owner pertain to the life, age, or death of the Underlying IRA Holder.

**Payout Election Date** The date chosen for annuity payouts or periodic withdrawals to begin from the Investment Strategy. The Payout Election Date must occur before the Annuitant's 99th birthday.

**Portfolio** A registered management investment company, or portfolio or series thereof, in which the assets of the Series Account may be invested. For convenience, the Investment Strategy Portfolios (including the FFF Portfolios) and the Income Strategy Covered Funds may be referred to as Portfolios in this Prospectus.

**Premium Tax** A tax that a state or other governmental authority charges. Varying by state, the current range of Premium Taxes is 0% to 3.5% and may be deducted with respect to your Contributions, from amounts withdrawn, or from amounts applied on the Payout Election Date, or the Annuity Account Value when incurred by Empower or at another time of Empower's choosing.

**Qualified Annuity Contract** An annuity contract that is intended to qualify under Section 408(b) (IRAs) or Section 408A (Roth IRAs) of the Code. We may issue this Contract as a Qualified Annuity Contract.

**Ratchet** For purposes of a GLWB Rider, an increase in the Benefit Base if the Covered Fund Value exceeds the current Benefit Base on the Ratchet Date.

**Ratchet Date** During the GLWB Accumulation Phase, the Ratchet Date is the anniversary of the Owner's GLWB Rider Election Date and each anniversary thereafter. During the GAW Phase, the Ratchet Date is the Initial Installment Date and each anniversary thereafter. If any anniversary is a non-Business Day, the Ratchet Date will be the following Business Day for that year.

**Rate Sheet Supplement** Supplements to the Prospectus which we periodically filed with the SEC (prior to ceasing sales of the Contract) that detail and modify certain rates associated with the GLWB Riders. Rate Sheet Supplements will disclose the GAW%s, Joint GAW%s, Accumulation Credits, and Distribution Credits for all GLWB Riders applicable for a specified range of dates. The terms of a Rate Sheet Supplement (including GAW%s, Joint GAW%s, Accumulation Credits, and Distribution Credits) with no specified end date may not be amended unless we provide a minimum of 10 business days prior notice. You may contact the Retirement Resource Operations Center at (877) 723-8723 for a copy of the Rate Sheet Supplement applicable to your Contract. GAW%s, Joint GAW%s, Accumulation Credits, and Distribution Credits reflected in Rate Sheet Supplements may be found in an appendix entitled "Guaranteed Annual Withdrawal Percentages and Credits" at the end of this Prospectus, as well as on the SEC's website (www.sec.gov) by searching with File Number 333-212090.

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**Request** Any written, telephoned, electronic or computerized instruction in a form satisfactory to Empower that the Retirement Resource Operations Center receives from you, your designee (as specified in a form acceptable to Empower) or the Beneficiary (as applicable) as required by any provision of the Contract. The Request is subject to any action taken or payment made by Empower before it is processed. A written Request will be deemed to include electronic mail transmissions only if: such transmissions include PDF or other facsimile transmissions clearly reproducing the manual signature, and; such transmission is sent to the designated address for the Retirement Resource Operations Center.

**Retirement Resource Operations Center** You may write to us at PO Box 1854, Birmingham, Alabama 35201-1854 (Regular Mail) or 2801 Highway 280 South, Birmingham, Alabama 35223 (overnight mail); call us at 877-723-8723; or email us at AnnuityOperations@greatwest.com.

**Series Account** Variable Annuity-2 Series Account, the segregated asset account established by Empower under Colorado law and registered with the SEC as a unit investment trust under the Investment Company Act of 1940, as amended (the "1940 Act"). The Series Account is also referred to as the separate account.

**Spouse** A person recognized as a spouse in the state where the couple was legally married. The term does not include a party to a registered domestic partnership, civil union, or similar formal relationship recognized under state law that is not denominated a marriage under that state's law.

**Sub-Account** A division of the Series Account containing the shares of a Portfolio in the Investment Strategy (including the FFF Portfolios), the Income Strategy, or both. There is a Sub-Account for each Portfolio. We may also refer to a Sub-Account as an "investment option" in the Prospectus, SAI, or Series Account financial statements.

**Successor Beneficiary** Upon the death of the Beneficial Owner, the natural person who is entitled to receive the Beneficial Owner's remaining interest in a Contract held as a Non-Qualified Stretch Annuity. A Successor Beneficiary may elect to receive his or her interest in a single sum or over the remaining distribution period initially selected by the Beneficial Owner. A non-natural entity, such as a Grantor Trust or Non-Grantor Trust, is not permitted as a Successor Beneficiary of a Contract held as a Non-Qualified Stretch Annuity.

**Surrender Value** Your Annuity Account Value on the Transaction Date of the surrender, less any Premium Tax and other taxes.

**Transaction Date** The date on which any Contribution or Request from you will be processed. Contributions and Requests received after the close of regular trading on the New York Stock Exchange (generally 4:00 p.m. ET) will be deemed to have been received on the next Business Day. Requests will be processed and the Annuity Account Value will be determined on each day that the New York Stock Exchange is open for trading.

**Transfer** Moving amounts from and among the Sub-Account(s).

**Underlying IRA Holder** The natural person who is treated under the Code as having a beneficial interest in the assets of a custodial or trusteed IRA account. All Underlying IRA Holders must be natural persons.

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#### OVERVIEW OF THE VARIABLE ANNUITY CONTRACT

#### Purpose of the Contract
The Smart Track Advisor Variable Annuity is an individual flexible premium variable annuity that provides a Death Benefit. The Contract is designed to help you invest on a tax-deferred basis, meet long-term financial goals, or plan for your retirement. You can accumulate assets by investing money in the Contract's variable investment options (the Sub-Accounts) and then later convert those accumulated assets into a stream of guaranteed income payments from us. In the event of your death before annuity payouts begin, we will pay a Death Benefit to your Beneficiaries based on one of two Death Benefit Options available under the Contract. The performance of your Annuity Account Value will vary with the investment performance of the Portfolios corresponding to the Sub-Accounts you select. Optional Guaranteed Lifetime Withdrawal Benefit ("GLWB") Riders are available any business day prior to your 86th birthday, and are designed to help you achieve your financial goals and protect against certain financial risks.

If the Contract Owner elects to pay Consultant fees from Annuity Account Value, we will deduct the fee pro-rata from each Sub-Account in which the Contract Owner is invested (i.e., in the same proportion as the Contract Owner's investment in the Sub-Account has to their Annuity Account Value). If the Contract Owner allocated Annuity Account Value to either or both the Investment Strategy and Income Strategy, the deduction will reduce the Death Benefit, and may be subject to federal and state income taxes and a 10% federal additional tax. Where the deduction of Consultant fees from Covered Fund(s) in the Income Strategy exceeds 1.5% of Cover Fund Value annually, the amount above the 1.5% annual limit will be considered an Excess Withdrawal which would reduce the Benefit Base and GAWs under the GLWB Rider. See "Deductions to Pay Consultant Fees" for more information.

This Contract may be appropriate for you if you have a long investment time horizon and the Contract's terms and conditions are consistent with your financial goals. It is not intended for people whose liquidity needs require early or frequent withdrawals or for people who intend to frequently trade in the Contract's Portfolios. You should consider your need for cash, time horizon for investment and financial goals before submitting an application to purchase the Contract. You may want to consult your financial or tax advisor.

#### Phases of the Contract
There are two phases of the Contract: the accumulation phase and the annuity phase. During the accumulation phase, you may allocate your money between the two strategies that comprise the Series Account: (1) the Investment Strategy and (2) the Income Strategy. When you make a Contribution to your Contract, you choose how your Contributions are allocated between the Portfolios in the Investment Strategy and the Covered Fund(s) in the Income Strategy. You may allocate all or a portion of Contributions to either Segment Strategy, and generally transfer all or part of your Annuity Account Value among and between the Sub-Accounts.

**Investment Strategy.** Under the Investment Strategy, you invest the money under your Contract in one or more available variable investment options to help you build assets on a tax-deferred basis. The available investment options include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Portfolios.** The Investment Strategy consists of a wide variety of Portfolios, allowing you to select among Sub-Accounts that invest in different asset classes and which utilize different investment advisers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **FFF Portfolios.** The Sub-Accounts under the Investment Strategy investing in FFF Portfolios may be accessed with payment of an additional asset-based fee called the Fund Facilitation Fee.

#### Additional information about each Portfolio is provided in an appendix to this Prospectus. Please see Appendix: Investment Options Available Under the Contract.
The amount of money you accumulate in the Investment Strategy depends (in part) on the performance of the investment options you choose. Your accumulated assets impact the value of your Contract's benefits, including the Death Benefit and the amount available for withdrawal.

Under the Investment Strategy, you may choose to receive payouts through periodic withdrawals from the Investment Strategy Account Value or by electing to receive annuity payouts from your Contract. Electing to receive annuity payouts is referred to as "annuitizing" your Contract.

**Income Strategy.** If you choose to elect one of the Guaranteed Lifetime Withdrawal Benefit ("GLWB") Riders, you must make an allocation or transfer to the Income Strategy. The Income Strategy consists of several Portfolios that we refer to as Covered Funds. Your accumulated assets in the Income Strategy impact the value of your GLWB Rider and Guaranteed Annual Withdrawals. You can make subsequent Contributions to the Income Strategy at any time before

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you begin receiving annuity payments. The Income Strategy consists of two phases: (1) the GLWB Accumulation Phase and (2) the Guaranteed Annual Withdrawal Phase.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **GLWB Accumulation Phase.** The GLWB Accumulation Phase begins when you make a GLWB election by investing money in a Covered Fund(s) under the Income Strategy. You may make additional Contributions to the Covered Fund(s) after your initial GLWB Rider Contribution, subject to restrictions. The GLWB Accumulation Phase ends when you elect to begin taking Guaranteed Annual Withdrawals.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Guaranteed Annual Withdrawal ("GAW") Phase.** When you are ready to receive GAWs under a GLWB Rider, you may elect to begin the GAW Phase. The GAW Phase cannot begin until all Covered Persons attain age 59½. At that time, you may elect to begin receiving Installments. Additional Contributions may be made during the GAW Phase; however, no additional Contributions may be made if you elect to annuitize your Contract.

Once you annuitize your Contract, you will receive a stream of income payments from us, but you will be unable to make additional Contributions or take withdrawals, other than your annuity payouts. If you elect to annuitize your Contract, the entire Annuity Account Value will be annuitized at that time and any benefit under a GLWB Rider will terminate. However, if you have already initiated Installments under a GLWB Rider, only the Investment Strategy will be annuitized. Once Installments under a GLWB Rider have begun, the Income Strategy cannot be annuitized.

You decide when to annuitize your Contract, although there are restrictions on the earliest and latest times that your Contract may be annuitized. If you do not annuitize or surrender your Contract, your Contract will automatically be annuitized on your 99th birthday. You may also purchase an annuity payout option if your Investment Strategy Account Value meets the minimum requirement. There are a variety of annuity payout options from which you may choose, including payments for life or for a guaranteed period of years.

#### Contract Features
**Accessing Your Money.** You may withdraw money from your Contract at any time before the Annuity Payout Period. If you make a withdrawal, you may have to pay income taxes, including an additional tax if you are younger than age 59½. Withdrawals may negatively impact the value of your Contract's benefits, and may cause an optional GLWB Rider to terminate.

**Tax Treatment.** You can transfer money between investment options without tax implications, and earnings (if any) on your investments are generally tax-deferred. Earnings are generally not taxed until they are distributed, which may occur when making a withdrawal, upon receiving an annuity payout, or upon payment of the Death Benefit.

**Optional Benefits.** You may be able to elect (or may have elected) one of the optional GLWB Riders under the Contract for an additional fee. The GLWB Riders may not be available through all financial intermediaries. The GLWB Riders can be elected at any time before your 86<sup>th</sup> birthday. Each GLWB Rider option is designed to provide a guaranteed income stream that may last as long as you live.

**Death Benefits.** If you die before the Annuity Commencement Date, we will pay the Death Benefit to your Beneficiary or Beneficiaries. The amount distributed will depend on which of the two Death Benefit Options you select. The Contract offers a choice of two Death Benefit Options: Death Benefit Option 1 and Death Benefit Option 2.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Death Benefit Option 1.** The Death Benefit is your Annuity Account Value minus any Premium Tax. This Death Benefit is the default Death Benefit offered by the Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Death Benefit Option 2.** The Death Benefit is the greater of (1) your Annuity Account Value, minus any Premium Tax or (2) the sum of all Contributions, minus the proportionate impact of partial withdrawals, distributions and Premium Tax, if any. This Death Benefit is offered only through an endorsement to the Contract.

#### Additional Services and Features.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Dollar Cost Averaging.** This program allows for systematic transfers from any Investment Strategy Sub-Account to any other open Sub-Account in either the Investment Strategy or the Income Strategy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Rebalancer.** This feature allows you to automatically reallocate your Investment Strategy Account Value to maintain your desired Sub-Account allocation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Automatic Bank Draft Program.** This feature allows you to make automatic periodic Contributions. Contributions will be withdrawn from an account you specify and automatically credited to your Annuity Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Periodic Withdrawals.** You may Request that all or part of the Investment Strategy Account Value be applied to a periodic withdrawal option. If you choose to receive payouts from your Contract through periodic withdrawals, you may select from a variety of payout options.

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#### IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACT

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| | |
|:---|:---|
| **FEES, EXPENSES, AND ADJUSTMENTS** | **FEES, EXPENSES, AND ADJUSTMENTS** |
| **Are There Charges or Adjustments for Early Withdrawals?** | **No. There are no charges for surrenders or partial withdrawals prior to the Annuity Commencement Date.**  |
| **Are There Transaction Charges?** | **Yes.** You may be charged for other transactions. This included a deduction for State Premium Taxes each time a Contribution is made.<br> For additional information about transaction charges, see "CHARGES AND DEDUCTIONS FEE TABLE" in the Prospectus. |
| **Are There Ongoing Fees and Expenses?** | **Yes.** The table below describes the fees and expenses that you may pay *each year*, depending on the options you choose. Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected. Fees and expenses in the table do not reflect any Consultant fees paid from Annuity Account Value or other assets of the Owner and if such charges were reflected, the fees and expenses would be higher. |

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| | | |
|:---|:---|:---|
| **Annual Fee**  | **Minimum**  | **Maximum**  |
| Base contract <sup>(1)</sup> | 0.20% | 0.20% |
| Investment options (Portfolio fees and expenses) <sup>(2)</sup> | 0.12% | 3.48% |
| Optional Guaranteed Lifetime Withdrawal Benefit Riders available for an additional charge (for a single optional benefit, if elected) <sup>(3)</sup> |  |  |
| Great-West Secure Income Plus GLWB Rider | 1.30% | 2.25% |
| Great-West Secure Income Max GLWB Rider | 1.20% | 2.25% |
| Great-West Secure Income Foundation GLWB Rider | 0.90% | 1.50% |

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

*We calculate the Base Contract fee by dividing the total amount we receive from the Mortality and Expense Risk Charge for the last fiscal year by the total average net assets attributable to the Contracts for that year.*

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

*As a percentage of Portfolio Assets.These expenses include the Fund Facilitation Fees charged for FFF Portfolios. See "Fund Faciliation Fee" for more information.*

&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;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <sup>(3)</sup> <br>

 *Charges are assessed quarterly, as a percentage of the current Benefit Base.* 

Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand that cost of owning your Contract, the following table shows the lowest and highest cost you could pay *each year*, based on current charges. This estimate assumes that you do not take withdrawals from the Contract.

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| | |
|:---|:---|
| **Lowest Annual Cost: <br>$320**  | **Highest Annual Cost: <br>$5,490**  |
| Assumes: | Assumes: |
| &nbsp;&nbsp;&nbsp; • Investment of $100,000 <br>• 5% annual appreciation of the Annuity Account Value<br>• Least expensive combination of Portfolio fees and expenses<br>• No optional GLWB Rider<br>• No sales charges <br>• No additional purchase payments, transfers or withdrawals<br>• No Consultant fees<br>| &nbsp;&nbsp;&nbsp; • Investment of $100,000<br>• 5% annual appreciation of the Annuity Account Value<br>• Most expensive combination of GLWB Rider fee, and Covered Funds or Portfolio fees and expenses<br>• No sales charges <br>• No additional Purchase Payments, transfers, or withdrawals<br>• No Consultant fees<br>|

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| | |
|:---|:---|
| **RISKS** | **RISKS** |
| **Is There a Risk of Loss from Poor Performance?** | **Yes. You can lose money by investing in this Contract, including loss of principal.<br> For additional information about the risk of loss, see "PRINCIPAL RISKS OF INVESTING IN THE CONTRACT" in the Prospectus.**  |

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| | |
|:---|:---|
| **RISKS** | **RISKS** |
| **Is this a Short-Term Investment?** | **No.** This Contract is a long-term investment and is typically most useful as part of a personal retirement plan. It is not suitable as a vehicle for short-term savings and is not appropriate for an investor who needs ready access to cash. If you elect to have Consultant fees paid out of your Annuity Account Value, this deduction will reduce your Death Benefit and other guaranteed benefits. Early withdrawals may be subject to federal and state income taxes and a 10% federal additional tax if you are younger than 59½. <br> For additional information about the investment profile of the Contract, see "PRINCIPAL RISKS OF INVESTING IN THE CONTRACT," "DEDUCTIONS TO PAY CONSULTANT FEES" and "OVERVIEW OF THE VARIABLE ANNUITY CONTRACT" in the Prospectus. |
| **What Are the Risks Associated with Investment Options?** | An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the investment performance of the Portfolios corresponding to the Sub-Accounts you select.<br> Each Portfolio has its own unique risks.<br> You should review the prospectuses for the Portfolios before making an investment decision.<br> For additional information about the risks associated with Investment Options, see "PRINCIPAL RISKS OF INVESTING IN THE CONTRACT," "THE PORTFOLIOS" and "WHERE TO FIND MORE INFORMATION ABOUT THE PORTFOLIOS" in the Prospectus. |
| **What Are the Risks Related to the Insurance Company?** | An investment in the Contract is subject to the risks related to Empower, including that any obligations, guarantees, and benefits of the Contract are subject to the claims-paying ability of Empower. More information about Empower, including its financial strength ratings, is available upon request from Empower by contacting the Retirement Resource Operations Center at (800) 838-0650.<br> For additional information about Company risks, see "PRINCIPAL RISKS OF INVESTING IN THE CONTRACT" and "EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA" in the Prospectus. |

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|:---|:---|
| **RESTRICTIONS** | **RESTRICTIONS** |
| **Are There Restrictions on the Investment Options?** | **Yes.** Currently, there is no charge when you transfer Annuity Account Value among the Sub-Accounts. However, we reserve the right to charge $25 for each transfer in the future.<br> If you transfer any amount from a Covered Fund to an investment option that is not a Covered Fund, you will be unable to make any transfers into a Covered Fund for at least 90 calendar days.<br> In addition, we reserve the right to reject or restrict transfers if we determine that the transfers reflect excessive frequent trading or a market timing strategy, or we are required to reject or restrict a transfer by the applicable Portfolio.<br> Empower also reserves the right to discontinue or substitute any Portfolio as an investment option that is available under the Contract.<br> For additional information about Investments, see "ADDITION, DELETION, OR SUBSTITUTION OF SUB-ACCOUNTS","GUARANTEED LIFETIME WITHDRAWAL BENEFIT","TRANSFERS", and "MARKET TIMING AND EXCESSIVE TRADING" in the Prospectus. |

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| | |
|:---|:---|
| **RESTRICTIONS** | **RESTRICTIONS** |
| **Are There Any Restrictions on Contract Benefits?** | **Yes.** Excess Withdrawals will reduce your Covered Fund Value and may reduce the value of your Benefit Base by an amount greater than the value withdrawn or result in termination of the Guaranteed Lifetime Withdrawal Benefit ("GLWB"). If you elect to have Consultant fees paid out of your Annuity Account Value, this deduction will reduce your Death Benefit and other guaranteed benefits. If deductions of Consultant fees from Covered Fund(s) in the Income Strategy exceed 1.5% of Covered Fund Value annually, the amount in excess of the 1.5% annual limit is considered an Excess Withdrawal, and may reduce or terminate your benefits under the GLWB Rider.<br> The GLWB Riders require you to allocate Annuity Account Value to the Covered Funds available under the Income Strategy. The number and type of Covered Funds are limited. If you fail to satisfy these investment requirements, we may terminate the benefit. In addition, if you transfer any amount from a Covered Fund to an investment option that is not a Covered Fund, you will be unable to make any transfers into a Covered Fund for at least 90 calendar days.<br> If you annuitize your Contract before Installments under the GLWB Rider have begun, the entire Annuity Account Value will be annuitized and any benefit under the Rider will terminate.<br> Empower reserves the right to refuse to accept additional GLWB Rider Contributions to the Covered Fund(s).<br> The Benefit Base may not exceed $5 million.<br> For additional information about the optional benefits, see "GUARANTEED LIFETIME WITHDRAWAL BENEFIT" and "DEDUCTIONS TO PAY CONSULTANT FEES" in the Prospectus. |

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|:---|:---|
| **TAXES** | **TAXES** |
| **What Are the Contract's Tax Implications?** | You should consult with a tax professional to determine the tax implications of an investment in, payments received under, and other transactions in connection with the Contract.<br> If you purchase the Contract through a tax-qualified plan or individual retirement arrangement (IRA), you do not get any additional tax deferral. Generally, all earnings on the investments underlying the Contract are tax-deferred until distributed or deemed distributed. A distribution from a non-Qualified Contract, which includes a surrender, withdrawal, payment of a death benefit, or annuity income payments, will generally result in taxable income if there has been an increase in the Contract Value. In the case of a Qualified Contract, a distribution generally will result in taxable income even if there has not been an increase in the Contract Value. In certain circumstances, a 10% additional tax may also apply if the Owner takes a withdrawal before age 59½. All amounts includable in income with respect to the Contract are taxed as ordinary income; no amounts are taxed at the special lower rates applicable to long term capital gains and corporate dividends. If you elect to have Consultant Fees paid out of your Contract Value, this deduction may be subject to federal and state income taxes and a 10% federal additional tax if you are younger than age 59 1/2. <br> For additional information about tax implications, see "DEDUCTIONS TO PAY CONSULTANT FEES" "TAX CONSEQUENCES OF WITHDRAWALS," and "TAXATION OF ANNUITIES IN GENERAL" in the Prospectus. |

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|:---|:---|
| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** |
| **How Are Investment Professional Compensated?** | Some investment professionals have received compensation for promoting and selling this Contract to you in the form of marketing allowances, promotional incentives, cash, and other compensation. Some investment professionals continue to receive Consultant fees based on Annuity Account Value under the Contract. These investment professionals may have a financial incentive to continue to recommend investment in the Contract over another investment.<br> For additional information about compensation, see "DISTRIBUTION OF THE CONTRACTS" in the Prospectus. |

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|:---|:---|
| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** |
| **Should I Exchange My Contract?** | Some investment professionals may have a financial incentive to offer you a new contract in place of the one you own. You should only exchange your current Contract if you determine, after comparing the features, fees, and risks of both contracts, that it is better for you to purchase the new contract rather than continue to own your existing Contract. |

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#### FEE TABLES
**The following tables describe the fees and expenses that you will pay when buying, owning, and surrendering the Contract. The fees and expenses in the tables do not reflect any Consultant fees paid from Annuity Account Value and if such fees were reflected, the fees and expenses would be higher. Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected.**

**The first table describes the fees and expenses that you will pay at the time that you buy the Contract, surrender the Contract, or transfer cash value between investment options. State Premium Taxes may also be deducted.** 

#### OWNER TRANSACTION EXPENSES

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| | |
|:---|:---|
| Maximum Transfer Fee <sup>(1)</sup> | $25 |

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&nbsp;&nbsp;&nbsp;&nbsp; <sup>(1)</sup> <br>

*Currently, we do not charge a fee for transfers. We reserve the right to impose a Transfer Fee up to the stated amount for transfers in excess of 12 per year. Transfers made electronically using our website will not incur a Transfer Fee and will not count against your annual 12 free transfers per year.*

**The next table describes the fees and expenses that you will pay *each year* during the time that you own the Contract, not including Portfolio fees and expenses.If you choose to purchase an optional benefit, you will pay additional charges, as shown below.**

#### ANNUAL CONTRACT EXPENSES

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| | |
|:---|:---|
| | **Maximum** |
| Base Contract Expenses (% of average Annuity Account Value)<sup>(1)</sup> | 0.40% |

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| | | |
|:---|:---|:---|
| **Optional GLWB Rider Fees<sup>(2)</sup>**  | **Current**  | **Maximum** |
|  Optional Guaranteed Lifetime Withdrawal Benefit Riders (with charges assessed quarterly, as a percentage of the current Benefit Base) |  |  |
| Great-West Secure Income Plus GLWB Rider  | 1.30% | 2.25% |
| Great-West Secure Income Max GLWB Rider  | 1.20% | 2.25% |
| Great-West Secure Income Foundation GLWB Rider  | 0.90% | 1.50% |

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&nbsp;&nbsp;&nbsp;&nbsp; <sup>(1)</sup> <br>

*The Base Contract Expenses include the Mortality and Expense Risk Charge, which is based on the Death Benefit you selected when you purchased your Contract. The table shows the highest charge, which is associated with Death Benefit Option 2: Guaranteed Minimum Death Benefit. The charge for Death Benefit Option 1: Return of Account Value Death Benefit is 0.20%. For more information, see the "Mortality and Expense Risk Charge" section of the Prospectus.*

&nbsp;&nbsp;&nbsp;&nbsp; <sup>(2)</sup> <br>

*GLWB Rider Fees will not apply to your Contract if you do not elect a GLWB Rider. The maximum GLWB Rider Fee reflected in the Fee Table will not change; however, the current fee may be different depending on when you elect a GLWB Rider.* 

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The next item shows the minimum and maximum total operating expenses charged by the Portfolios, before any waivers or reimbursements, that you may pay periodically during the time that you own the Contract. More detail concerning each Portfolio's fees and expenses is contained in the prospectus for each Portfolio.

A complete list of Portfolios available under the Contract, including their annual expenses, may be found at the back of this Prospectus.

RANGE OF EXPENSES FOR THE FUNDS

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| | | |
|:---|:---|:---|
| Total Annual Portfolio Operating Expenses  | Minimum  | Maximum  |
|  (Expenses that are deducted from Portfolio assets, including management fees, any applicable Fund Facilitation Fees, distribution and/or service (12b-1) fees, and other expenses)<sup>(1)</sup><sup>(2)</sup> | 0.12% | 3.48% |

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&nbsp;&nbsp;&nbsp;&nbsp; <sup>(1)</sup> <br>

*Several of the Portfolios (the Empower Profile Funds, the Empower Lifetime Funds, and the Empower Secure Foundation Balanced Fund) are "funds of funds" that invest substantially all of their assets in shares of other Empower Funds, portfolios in the same group of investment companies as Empower Funds, Inc., and portfolios of unaffiliated investment companies (the "Underlying Portfolios"). Because of this, the Empower Profile Funds, Empower Lifetime Funds, and Empower Secure Foundation Balanced Fund also bear their pro rata share of the operating expenses of the Underlying Portfolios. The above minimum and maximum expenses include fees and expenses incurred indirectly by the Empower Profile Funds, the Empower Lifetime Funds, and Empower Secure Foundation Balanced Fund as a result of their investment in shares of one or more Underlying Portfolios.* 

&nbsp;&nbsp;&nbsp;&nbsp; <sup>(2)</sup> <br>

*The Total Annual Portfolio Operating Expenses include the Fund Facilitation Fees charged for FFF Portfolios. See "Fund Faciliation Fee" for more information.* 

<br> THE ABOVE EXPENSES FOR THE PORTFOLIOS WERE PROVIDED BY THE PORTFOLIOS. WE HAVE NOT INDEPENDENTLY VERIFIED THE ACCURACY OF THIS INFORMATION PROVIDED BY UNAFFILIATED PORTFOLIOS.

Example of Charges

These Examples are intended to help you compare the cost of investing in the Contract with the cost of investing in other variable annuity contracts. These costs include Owner transaction expenses,Base Contract Expenses, any optional rider charges and Portfolio fees and expenses. These Examples do not reflect any Consultant fees paid to Consultants from Annuity Account Value or other assets of the Owner, and if such fees were reflected, costs would be higher.

<u>Scenario 1: Income Strategy — Maximum Guarantee Benefit Fee Example.</u> The Example below assumes that you invest $100,000 in the Income Strategy of the Contract (and nothing in the Investment Strategy) for the time periods indicated. The Example also assumes that your investment has a 5% return each year and assumes the maximum M&E Charge, <u>maximum</u> Guarantee Benefit Fee and the maximum fees and expenses of any of the Portfolios in the Income Strategy. In addition, this Example assumes no premium taxes were deducted. If these arrangements were considered, the expenses shown would be higher. This Example also does not take into consideration any fee waiver or expense reimbursement arrangements of the Portfolios.

Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

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If you retain your Contract, surrender your Contract, or annuitize your Contract at the end of the applicable time period:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.<br>

If you surrender your Contract at the end of the applicable time period

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| | | | |
|:---|:---|:---|:---|
| **1 year**  | **3 years**  | **5 years**  | **10 years**  |
| $3860 | $12303 | $21797 | $50887 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.<br>

If you annuitize at the end of the applicable time period or do not surrender

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| | | | |
|:---|:---|:---|:---|
| **1 year**  | **3 years**  | **5 years**  | **10 years**  |
| $3860 | $12303 | $21797 | $50887 |

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 **<u>Scenario 2: Income Strategy — Current Guarantee Benefit Fee Example.</u> The Example below assumes that you invest $100,000 in the Income Strategy of the Contract (and nothing in the Investment Strategy) for the time periods indicated. The Example also assumes that your investment has a 5% return each year and assumes the maximum M&E Charge, highest <u>current</u> Guarantee Benefit Fee, and the maximum fees and expenses of any of the Portfolios in the Income Strategy. In addition, this Example assumes no premium taxes were deducted. If these arrangements were considered, the expenses shown would be higher. This Example also does not take into consideration any fee waiver or expense reimbursement arrangements of the Portfolios.**

#### Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
If you retain your Contract, surrender your Contract, or annuitize your Contract at the end of the applicable time period:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.<br>

If you surrender your Contract at the end of the applicable time period

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| | | | |
|:---|:---|:---|:---|
| **1 year**  | **3 years**  | **5 years**  | **10 years**  |
| $2910 | $9361 | $16732 | $39910 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.<br>

If you annuitize at the end of the applicable time period or do not surrender

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| | | | |
|:---|:---|:---|:---|
| **1 year**  | **3 years**  | **5 years**  | **10 years**  |
| $2910 | $9361 | $16732 | $39910 |

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 **<u>Scenario 3: Investment Strategy — Maximum M&E Charge Example.</u> The Example below assumes that you invest $100,000 in the Investment Strategy of the Contract (and nothing in the Income Strategy) for the time periods indicated. The Example also assumes that your investment has a 5% return each year and assumes the <u>maximum</u> M&E Charge and the maximum fees and expenses of any of the Portfolios in the Investment Strategy. For purposes of this example, we have assumed nothing is invested in Investment Strategy Sub-Accounts subject to the Fund Facilitation Fee. In addition, this Example assumes no premium taxes were deducted. If these arrangements were considered, the expenses shown would be higher. This Example also does not take into consideration any fee waiver or expense reimbursement arrangements of the Portfolios.**

If you retain your Contract, surrender your Contract, or annuitize your Contract at the end of the applicable time period:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.<br>

If you surrender your Contract at the end of the applicable time period

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| | | | |
|:---|:---|:---|:---|
| **1 year**  | **3 years**  | **5 years**  | **10 years**  |
| $3880 | $12365 | $21901 | $51108 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.<br>

If you annuitize at the end of the applicable time period or do not surrender

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| | | | |
|:---|:---|:---|:---|
| **1 year**  | **3 years**  | **5 years**  | **10 years**  |
| $3880 | $12365 | $21901 | $51108 |

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 **<u>Scenario 4: Investment Strategy — Maximum Fund Facilitation Fee Example.</u> The Example below assumes that you invest $100,000 in the Investment Strategy FFF Portfolio Sub-Accounts (and nothing in the Income Strategy or in any Investment Strategy Sub-Account that does not require payment of the Fund Facilitation Fee) for the time periods indicated. The Example also assumes that your investment has a 5% return each year and assumes the maximum Fund Facilitation Fee, <u>maximum</u> M&E Charge, and the maximum fees and expenses** 

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**of any of the FFF Portfolios in the Investment Strategy. In addition, this Example assumes no premium taxes were deducted. If these arrangements were considered, the expenses shown would be higher. This Example also does not take into consideration any fee waiver or expense reimbursement arrangements of the Portfolios. For additional information, see "Fund Facilitation Fee" below.**

If you retain your Contract, surrender your Contract, or annuitize your Contract at the end of the applicable time period:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.<br>

If you surrender your Contract at the end of the applicable time period

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| | | | |
|:---|:---|:---|:---|
| **1 year**  | **3 years**  | **5 years**  | **10 years**  |
| $1190 | $3891 | $7070 | $17547 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.<br>

If you annuitize at the end of the applicable time period or do not surrender

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| | | | |
|:---|:---|:---|:---|
| **1 year**  | **3 years**  | **5 years**  | **10 years**  |
| $1190 | $3891 | $7070 | $17547 |

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These Examples do not show the effect of premium taxes. Premium taxes (ranging from 0% to 3.5%) are deducted from Annuity Account Value upon full surrender, death, or annuitization. These Examples also do not include any of the taxes or penalties you may be required to pay if you surrender your Contract, nor do they include the impact of Transfer fees should Empower in the future exercise its right to impose such fees.

**The fee tables and example should not be considered a representation of past or future expenses and charges of the Sub-Accounts. Your actual expenses may be greater or less than those shown.** Similarly, the 5% annual rate of return assumed in the example is not an estimate or a guarantee of future investment performance. See "Charges and Deductions" below.

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#### PRINCIPAL RISKS OF INVESTING IN THE CONTRACT
**Risk of Loss.** Variable annuities involve risks, including possible loss of principal. Your losses could be significant. You bear the risk of any decline in the Annuity Account Value resulting from the performance of the investment options you have chosen. This Contract is not a deposit or obligation of, or guaranteed or endorsed by, any bank. This Contract is not federally insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other agency.

**Short-Term Investment Risk.** This Contract is not designed for short-term investing and may not be appropriate for an investor who needs ready access to cash. If you plan to withdraw money or surrender the Contract for short-term needs, the Contract may not be right for you. The benefits of tax deferral, long-term income, and optional benefit protections mean that this Contract is more beneficial to investors with a long time horizon.

**Withdrawal Risk.** You should carefully consider the risks associated with withdrawals under the Contract. If you make a withdrawal prior to age 59½, there may be adverse tax consequences, including a 10% additional tax. A withdrawal may reduce the value of your standard and optional benefits. For instance, a withdrawal will reduce the value of the Death Benefit. In addition, an Excess Withdrawal may reduce the value of a GLWB Rider by an amount greater than the amount withdrawn and could result in termination of the benefit. A surrender will result in the termination of your Contract. Partial withdrawals or surrenders from the Contract are not permitted after annuity payouts begin. If you elect to have Consultant fees paid out of your Annuity Account Value, this deduction will reduce your Death Benefit and other guaranteed benefits and may be subject to federal and state income taxes and a 10% federal additional tax if you are younger than age 59½. If deductions of Consultant fees from Covered Fund(s) in the Income Strategy exceed 1.5% of Covered Fund Value annually, the amount in excess of the 1.5% annual limit is considered an Excess Withdrawal, and may reduce or terminate your benefits under a GLWB Rider. See "Deductions to Pay Consultant Fees" and "Taxation of Annuities in General" for more information.

**Selection Risk.** There is a risk that you may not choose, or may not have chosen, the benefit that is best suited for you based on your present or future needs and circumstances, and that the benefits that are more suited for you (if any) may not be available. In addition, if you elect the GLWB Rider and do not use it, you will have paid for a benefit that did not provide a financial return. There is also a risk that any financial return of the GLWB Rider, if any, will ultimately be less than the amount you paid for the benefit.

**Investment Requirements Risk.** If you elect the GLWB Rider, you will be subject to investment requirements that require you to allocate Annuity Account Value to the Covered Funds available under the Income Segment. We may terminate your optional benefit if you fail to satisfy such investment requirements. We limit the number and type of Covered Funds available to you under the Income Segment and limit your ability to take certain actions under the Contract. These investment requirements are designed to reduce our risk that we will have to make payments to you from our own assets. In turn, they may also limit the potential growth of your Annuity Account Value and the potential growth of your benefits. This may conflict with your personal investment objectives.

**Contribution Risk.** Your ability to make subsequent Contributions is subject to restrictions. We reserve the right to refuse any Contribution, to further limit your ability to make subsequent Contributions, and require our prior approval before accepting Contributions. There is no guarantee that you will always be permitted to make Contributions.

**Consultant Fee Risk**. If the Contract Owner elected to pay Consultant fees from Annuity Account Value, we will deduct the fee pro-rata from each Sub-Account in which the Contract Owner is invested (i.e., in the same proportion that the Contract Owner's investment in the Sub-Account has to their Annuity Account Value). If the Contract Owner allocated Annuity Account Value to either or both the Investment Segment and Income Segment, the deduction will reduce the Death Benefit. Where the deduction of Consultant fees from Covered Fund(s) in the Income Segment exceeds 1.5% of Covered Fund value annually, the amount above the 1.5% annual limit will be considered an Excess Withdrawal which would reduce the Benefit Base and GAWs under GLWB Rider. See "Deductions to Pay Consultant Fees" and "Taxation of Annuities in General" for more information. If you elect to have the Consultant fees paid out of your Annity Account Value, this deduction may be subject to federal and state income taxes and a 10% additional tax if you are younger than age 59½.

**Financial Strength and Claims-Paying Ability Risk.** All guarantees under the Contract that are paid from our general account are subject to our financial strength and claims-paying ability. If we experience financial distress, we may not be able to meet our obligations to you.

**Cyber Security Risks.** Because our variable annuity contract business is highly dependent upon the effective operation of our computer systems and those of our business partners, our business is vulnerable to disruptions from utility outages and susceptible to operational and information security risks resulting from information system failures (e.g., hardware and software malfunctions), cyber-attacks, and similar incidents or events. These risks include, among other things, the theft, loss, misuse, corruption, and destruction of data maintained online or digitally, denial of

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service on our website and other operational disruption, unauthorized access to or release of confidential Owner information, and unintentional events and occurrences. Such system failures, cyber-attacks, and similar incidents or events affecting us, the Portfolios or Covered Funds, intermediaries and other affiliated or third-party service providers or business partners may adversely affect us and your Annuity Account Value. For instance, system failures, cyber-attacks, and similar incidents or events may interfere with our processing of Contract transactions, including the processing of Transfer Requests, impact our ability to calculate Accumulation Unit values or the Funds' ability to calculate share values, cause the release, loss, and possible destruction of confidential Owner or business information, impede order processing, subject us and/or our service providers, intermediaries, and business partners to regulatory inquiries and proceedings (possibly resulting in fines and/or penalties), litigation, financial losses and other costs, and/or cause reputational damage. Cyber security risks may also impact the issuers of securities in which the Portfolios or Covered Funds invest, which may cause the Portfolios or Covered Funds underlying your Contract to lose value. In addition, the risk of cyber-attacks may be higher during periods of geopolitical turmoil (such as the Russian invasion of Ukraine and the responses by the United States and other governments). Due to the increasing sophistication of cyber-attacks, a cybersecurity breach could occur and persist for an extended period of time without detection. The constant change in technologies and increased sophistication and activities of hackers and others continue to pose new and significant cybersecurity threats. While there can be no assurance that we, the Portfolios or Covered Funds, or our service providers or business partners will avoid these risks at all times or avoid losses affecting your Contract due to cyber-attacks, information security breaches, or similar incidents or events in the future, we take reasonable steps to mitigate these risks and secure our systems from such risks.

#### EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA
Empower is a stock life insurance company that was originally organized under the laws of the State of Kansas as the National Interment Association. Our name was changed to Ranger National Life Insurance Company in 1963 and to Insuramerica Corporation in 1980 prior to changing to Great-West Life & Annuity Insurance Company in 1982. In September of 1990, we re-domesticated under the laws of the State of Colorado. Our executive office is located at 8515 East Orchard Road, Greenwood Village, Colorado 80111. Effective August 1, 2022, Great-West Life & Annuity Insurance Company was renamed Empower Annuity Insurance Company of America.

Empower is a wholly owned subsidiary of Empower Holdings, Inc., a Delaware holding company. Empower Holdings, Inc. is an indirect wholly-owned subsidiary of Great-West Lifeco Inc., a Canadian holding company. Great-West Lifeco Inc. is a subsidiary of Power Financial Corporation, a Canadian holding company with substantial interests in the financial services industry. Power Financial Corporation is a subsidiary of Power Corporation of Canada, a Canadian holding and management company. Through a group of private holding companies, The Desmarais Family Residuary Trust, created on October 8, 2013 under the Last Will and Testament of Paul G. Desmarais, has voting control of Power Corporation of Canada.

The assets of Empower's general account support its insurance and annuity obligations and are subject to its general liabilities from business operations and to claims by its creditors. Because amounts allocated to the Fixed Account and the DCA Accounts, plus and guarantees under the Contract that exceed your Annuity Account Value (such as death benefits, living benefits, or other benefits available under the Contract), are paid from Empower's general account, any amounts that Empower may pay under the Contract in excess of Variable Account value are subject to its financial strength and claims-paying obligations, and that there are risks to purchasing any insurance product. For this reason, you should consider Empower's financial strength and claims-paying ability to meet its obligations under the Contract when purchasing a Contract and making investment decisions under the Contract.

We are authorized to do business in 49 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, and Guam.

On June 3, 2019, Empower entered into an indemnity reinsurance agreement (the "Agreement") with Protective Life Insurance Company ("Protective") to indemnify and reinsure the obligations of Empower under substantially all of its non-participating individual life insurance and annuity business and group life and health business, including this Contract.

Under the Agreement, as of October 5, 2020, Protective provides administration and customer service for this Contract in accordance with its terms and contidions. Empower will continue its present role as the issuer of your Contract and will remain responsible for the administration and customer service of the Contract. All of your rights and benefits under your Contract and Empower's obligations under the Contract remain unchanged.

#### The Series Account
We established the Series Account in accordance with Colorado law on June 25, 2009. Prior to September 19, 2011, the Series Account was known as Varifund Variable Annuity Account.

The Series Account is registered with the SEC under the 1940 Act as a unit investment trust. Registration under the 1940 Act does not involve supervision by the SEC of the management or investment practices or policies of the Series Account.

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We own the assets of the Series Account. The income, gains or losses, realized or unrealized, from assets allocated to the Series Account are credited to or charged against the Series Account without regard to our other income, gains or losses.

We will at all times maintain assets in the Series Account with a total market value at least equal to the reserves and other liabilities relating to the variable benefits under all Contracts and other of our variable insurance products participating in the Series Account. Those assets may not be charged with our liabilities from our other businesses. Our obligations under the Contracts and other products are, however, our general corporate obligations.

In calculating our corporate income tax liability, we derive certain corporate income tax benefits associated with the investment of company assets, including Series Account assets that are treated as company assets under applicable income tax law. These benefits, which reduce our overall corporate income tax liability, may include dividends received deductions and foreign tax credits which can be material. We do not pass these benefits through to the Series Account or our other separate accounts, principally because: (i) the great bulk of the benefits results from the dividends received deduction, which involves no reduction in the dollar amount of dividends that the Series Account receives; and (ii) under applicable income tax law, Owners are not the owners of the assets generating the benefits.

Your Contributions under the Contract are held in the Series Account. The Series Account is divided into several Sub-Accounts. Each Sub-Account invests exclusively in shares of a corresponding investment portfolio of a registered investment company (commonly known as a mutual fund). We may in the future add new Sub-Accounts or delete existing Sub-Accounts. The income, gains or losses, realized or unrealized, from assets allocated to each Sub-Account are credited to or charged against that Sub-Account without regard to the other income, gains or losses of the other Sub-Accounts. All amounts allocated to a Sub-Account will be fully invested in Portfolio shares. We are obligated to pay all amounts promised to investors under the Contracts.

We hold the assets of the Series Account. We keep those assets physically segregated and held separate and apart from our general account assets. We maintain records of all purchases and redemptions of shares of the Portfolios.

All guarantees are subject to the claims paying ability of Empower. These guarantees include any payments we are required to make under the GLWB Riders in the GLWB Settlement Phase and Guaranteed Minimum Death Benefit proceeds that are paid from our general account assets. The assets of our general account are subject to the claims of our creditors.

#### The Portfolios
The Contract offers a number of investment options, corresponding to the Sub-Accounts. Each Sub-Account invests in a single Portfolio. Each Portfolio is a separate mutual fund registered under the 1940 Act. The currently available Portfolios, their investment types, advisers and sub-advisers, current expenses, and past performance are summarized in the chart located in Appendix: Investment Options Available Under the Contract. More comprehensive information, including a discussion of potential risks, is found in the current prospectuses for the Portfolios. You should read the Portfolios' prospectuses in connection with this Prospectus. You may obtain a copy of the Portfolios' prospectuses without charge by Request. **If you received a summary prospectus for a Portfolio, please follow the directions on the first page of the summary prospectus to obtain a copy of that Portfolio's prospectus.**

Each Portfolio:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• holds its assets separately from the assets of the other Portfolios;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• has its own distinct investment objectives and policies; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• operates as a separate investment fund.

The income, gains and losses of one Portfolio generally have no effect on the investment performance of any other Portfolio.

The Portfolios are not available to the general public directly. The Portfolios are only available as investment options in variable annuity contracts or variable life insurance policies issued by life insurance companies or, in some cases, through participation in certain qualified pension or retirement plans. Not all Portfolios or Covered Funds will be available at all times or through all financial intermediaries. You should speak with your financial advisor about the Portfolios and Covered Funds available to you.

Some of the Portfolios have been established by investment advisers that manage publicly available mutual funds having similar names and investment objectives. While some of the Portfolios may be similar to, and may in fact be modeled after publicly available mutual funds, you should understand that the Portfolios are not otherwise directly related to any publicly available mutual fund. Consequently, the investment performance of publicly available mutual funds and any corresponding Portfolios may differ.

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#### Payments We Receive
Some of the Portfolios' investment advisers or affiliates may compensate us for providing the administrative, recordkeeping and reporting services they would normally be required to provide for individual shareholders or cost savings experienced by the investment advisers or affiliates of the Portfolios. Such compensation is typically a percentage of Series Account assets invested in the relevant Portfolio and generally may range up to 0.35% of net assets. Prior to October 5, 2020, Empower Financial Services, Inc., a wholly-owned subsidiary of Empower, was the principal underwriter and distributor of the Contracts. Effective October 5, 2020, Investment Distributors, Inc. ("IDI") became principal underwriter. IDI is a subsidiary of Protective Life Corporation ("PLC"), the parent of Protective. IDI and Empower Financial Services, Inc. may also receive Rule 12b-1 fees (ranging up to 0.25%) directly from certain Portfolios for providing distribution related services related to shares of Portfolios offered in connection with a Rule 12b-1 plan. If Empower Financial Services, Inc. or IDI receives 12b-1 fees, combined compensation for administrative and distribution related services generally ranges up to 0.60% annually of Series Account assets invested in a Portfolio.

Such payments and fees create an incentive for us to offer Portfolios (or classes of shares of Portfolios) for which such payments and fees are available to us. We consider such payments and fees, among other things, when deciding to include a Portfolio (or class of shares of a Portfolio) as an investment option under the Contract. Other available investment portfolios (or other available classes of shares of the Portfolios) may have lower fees and better overall investment performance than the Portfolios (or classes of shares of the Portfolios) offered under the Contract.

If you purchased the Contract through a Consultant, broker-dealer, or other financial intermediary (such as a bank), the Portfolios and their related companies may pay the intermediary for services provided with regard to the sale of Portfolio shares to the Sub-Accounts under the Contract. The amount and/or structure of the compensation can possibly create a conflict of interest as it may influence the broker-dealer or other intermediary and your Consultant to present this Contract (and certain Sub-Accounts under the Contract) over other investment alternatives. The variations in compensation, however, may also reflect differences in sales effort or ongoing customer services expected of the broker-dealer or other intermediary or your Consultant. You may ask your Consultant about variations and how he or she and his or her broker-dealer are compensated for selling the Contract or visit your financial intermediary's website for more information.

#### Portfolio Investment Objectives
More information about the Portfolios and Covered Funds, including brief descriptions of the investment objectives of the Portfolios available under the Investment Strategy and Covered Funds available under the Income Strategy, can be found in the appendix to this Prospectus. See Appendix: Investment Options Available Under the Contract.

#### Meeting Investment Objectives
Meeting investment objectives depends on various factors, including, but not limited to, how well the Portfolio managers anticipate changing economic and market conditions. **There is no guarantee that any of these Portfolios will achieve their stated objectives.**

#### Where to Find More Information About the Portfolios
Additional information about the investment objectives and policies of all the Portfolios and the investment advisory and administrative services and charges can be found in the current prospectuses of the Portfolios, which can be obtained from the Retirement Resource Operations Center. You may also visit www.protective.com/eprospectus.

#### You should read the Portfolios' prospectuses carefully before making any decision concerning the allocation of Contributions to, or Transfers among, the Sub-Accounts.

#### Addition, Deletion or Substitution of Sub-Accounts
Empower selects the Portfolios offered through the Contract based on several criteria, including but not limited to asset class coverage, brand recognition, the reputation and tenure of the adviser or sub-adviser, expenses, performance, marketing, availability, investment conditions, and the qualifications of each investment company. Another factor we consider is whether the Portfolio or an affiliate of the Portfolio will compensate Empower for providing certain administrative, marketing, or support services that would otherwise be provided by the Portfolio, its investment adviser, or its distributor. For more information on such compensation, see "Payments We Receive" above. When we develop and offer a variable annuity product in cooperation with a fund family or a distributor, Empower will generally include Portfolios based on recommendations made by the fund family or the distributor, whose selection criteria may differ from our own. We have selected Portfolios of the Empower Funds at least in part because they are managed by our directly owned subsidiary.

Empower does not control the Portfolios and cannot guarantee that any of the Portfolios will always be available for allocation of Contributions or Transfers. We retain the right to make changes in the Series Account and in its investments, including the right to establish new Sub-Accounts or to eliminate existing Sub-Accounts.

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Empower periodically reviews each Portfolio and reserves the right to discontinue the offering of any Portfolio if we determine the Portfolio no longer meets one or more of the criteria, or if the Portfolio has not attracted significant allocations. If a Portfolio is discontinued, we may substitute shares of another Portfolio or shares of another investment company for the discontinued Portfolio's shares. Any share substitution will comply with the requirements of the 1940 Act. If you are contributing to a Sub-Account corresponding to a Portfolio that is being discontinued, you will be given notice prior to the Portfolio's elimination. Before a Sub-Account is eliminated, we will notify you and request that you reallocate the amounts invested in the Sub-Account to be eliminated.

#### Application and Initial Contributions
The discussion of application and initial Contributions is provided for informational purposes only. Effective December 14, 2020, this Contract is no longer issued to new purchasers.

The first step to purchasing the Contract is to complete your Contract application and submit it with your initial minimum Contribution of $10,000. You can make initial Contributions by check (payable to Empower), by transferring amounts from an eligible brokerage account, or by other method approved by Empower. You also may purchase the Contract through a 1035 Exchange provided that the contract you are exchanging for the Great-West Smart Track<sup>®</sup> Advisor Variable Annuity has a cash value of at least $10,000. You also may purchase the Contract through a rollover of assets from certain qualified retirement plans or IRAs, or as a beneficiary of an inherited IRA, provided the rollover amount or inherited amount is at least $10,000.

The Contract application and any initial Contributions made by check should be sent to the Retirement Resource Operations Center.

If your application is complete, your Contract will be issued and your Contribution will be credited within two Business Days after receipt by Empower. Acceptance is subject to sufficient information in a form acceptable to us. We reserve the right to reject any application or Contribution.

If your application is incomplete, we will contact you by telephone or email to obtain the required information. If the information necessary to complete your application is not received within five Business Days, we will return to you both your check and the application. If you provide consent we will retain the initial Contribution and credit it as soon as we have completed your application.

Empower reserves the right to lower the minimum initial Contribution.

#### Right to Cancel Period
The discussion of the right to cancel period is provided for informational purposes only. Effective December 14, 2020, this Contract is no longer issued to new purchasers.

During the right to cancel period (ten days or the period required by your state), you may cancel your Contract. If you purchased your Contract as a replacement of an existing contract, the right of cancellation period is extended to 30 days (or such longer period as required by your state) from the date you received it. If you decide to cancel your Contract within the right to cancel period, you must return the Contract to the Retirement Resource Operations Center or an agent of Empower. Contracts returned during the right to cancel period will be void from the start and we will return the amounts discussed below, as of the Transaction Date the Request for cancellation is received.

During the right to cancel period, Contributions will be allocated to the Sub-Accounts you select on your application, and you may change your Sub-Account allocations and your allocation percentages. Except as noted below with respect to California, we will refund your Annuity Account Value, plus any charges and fees, as of the Transaction Date we received your Request for cancellation. This amount may be higher or lower than your Contributions depending on the investment performance, which means you bear the investment risk until we receive your Contract and notice of cancellation.

For Owners age 60 and over in California, we will return the greater of Annuity Account Value plus fees and charges or the sum of Contributions plus fees and charges if you cancel your Contract so long as your Contributions are entirely allocated to the Money Market Sub-Account during the right to cancel period; however, if your Contributions are not entirely allocated to the Money Market Sub-Account during the right to cancel period, we will return your Annuity Account Value plus fees and charges. All material state variations to the Contract and GLWB Riders are disclosed in the attached Appendix, as well as state variations to the right to cancel. After the right to cancel period, we allocate Contributions to the Annuity Account in the proportion Requested by the Owner. If there are no allocation instructions accompanying a subsequent Contribution, then allocations will be made in accordance with the standing allocation instructions you provided with your application. Allocations will be effective upon the Transaction Date.

In your Contract, the right to cancel period is also referred to as the right to examine.

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#### Subsequent Contributions
Once your application is complete and we have received your initial Contribution, you can make subsequent Contributions to the Investment Strategy or the Income Strategy at any time prior to the Annuity Commencement Date, as long as the Annuitant is living. (Subsequent Contributions to the Income Strategy may be permitted during the GAW Phase, depending on the terms of your GLWB Rider. See "Guaranteed Lifetime Withdrawal Benefit, Subsequent Contributions to Your Covered Fund(s)" below). Additional Contributions must be at least $500 (or $100, if made via an Automatic Bank Draft Plan, if available). Total Contributions may exceed $1,000,000 only with our prior approval.

You can make subsequent Contributions by check, Automatic Bank Draft Plan (if available), transfers from your brokerage account or other method approved by Empower. If you make subsequent Contributions by check, your check should be payable to Empower.

You will receive a confirmation of each Contribution you make upon its acceptance. Subsequent Contributions are credited the day they are received in the Retirement Resource Operations Center at Empower if they are received on a Business Day. Subsequent Contributions received on non-Business Days will be credited the next Business Day.

If you cancel a purchase payment or if your check is returned due to insufficient funds, you will be responsible for any losses or fees imposed by your bank and losses that may be incurred as a result of any decline in the value of the canceled purchase. We reserve the right to refrain from allocating Contributions to your selected Sub-Accounts until your bank notifies us that your check has cleared.

Empower reserves the right to cease accepting Contributions at any time at its discretion, as well as the right to modify the limitations set forth in this section.

#### Annuity Account Value
Before the Annuity Commencement Date, the value of your Contract is the Annuity Account Value, which, before your Annuity Commencement Date, is the total dollar amount of all Accumulation Units credited to you for each Sub-Account. Initially, the value of each Accumulation Unit was set at $10.00.

Each Sub-Account's value prior to the Payout Election Date is equal to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contributions allocated to the corresponding Sub-Account;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **plus or minus** any increase or decrease in the value of the assets of the Sub-Account due to investment results;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **minus** the daily M&E Charge;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **minus** any quarterly Guarantee Benefit Fee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **minus** any Consultant fee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **minus** any daily Fund Facilitation Fee; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **minus** any withdrawals or Transfers from the Sub-Account.

The value of a Sub-Account's assets is determined at the end of each day that the New York Stock Exchange is open for regular business (a valuation date). A valuation period is the period between successive valuation dates. It begins at the close of the New York Stock Exchange (generally 4:00 p.m. ET) on each valuation date and ends at the close of the New York Stock Exchange on the next succeeding valuation date.

The Annuity Account Value is expected to change from valuation period to valuation period, reflecting the investment experience of the selected Sub-Account(s), as well as the deductions for applicable charges, including any Consultant fees.

Upon allocating Contributions to a Sub-Account you will be credited with variable Accumulation Units in that Sub-Account. The number of Accumulation Units you will be credited is determined by dividing the portion of each Contribution allocated to the Sub-Account by the value of an Accumulation Unit. The value of the Accumulation Unit is determined and credited at the end of the valuation period during which the Contribution was received.

Each Sub-Account's Accumulation Unit value is established at the end of each valuation period. It is calculated by multiplying the value of that unit at the end of the prior valuation period by the Sub-Account's Net Investment Factor for the valuation period. The formula used to calculate the Net Investment Factor is as follows:

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The Net Investment Factor is determined by dividing (1) by (2), and subtracting (3), and subtracting (4) from the result where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.<br>

is the net result of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.<br>

the net asset value per share of the Portfolio shares determined as of the end of the current Valuation Period, plus

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.<br>

the per share amount of any dividend (or, if applicable, capital gain distributions) made by the Portfolio on shares if the "ex-dividend" date occurs during the current Valuation Period, plus or minus

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.<br>

a per unit charge or credit for any taxes incurred by or provided for in the Sub-Account, which is determined by Empower to have resulted from the investment operations of the Sub-Account, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.<br>

is the result of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.<br>

the net asset value per share of the Portfolio shares determined as of the end of the immediately preceding Valuation Period; plus or minus

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.<br>

the per unit charge or credit for any taxes incurred by or reserved for in the Sub-Account for the immediately preceding Valuation Period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.<br>

is an amount representing the M&E Charge deducted from each Sub-Account on a daily basis. Such amount is equal to 0.20% if you have selected Death Benefit Option 1 or 0.40% if you have selected Death Benefit Option 2; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.<br>

is an amount representing the Fund Facilitation Fee deducted from each FFF Portfolio Sub-Account on a daily basis. Such amount is equal to 0.00% if you have not invested in the FFF Portfolio Sub-Accounts, or 0.35% if you have invested in the FFF Portfolio Sub-Accounts.

The Net Investment Factor may be greater than, less than, or equal to one. Therefore, the Accumulation Unit value may increase, decrease, or remain unchanged.

The net asset value per share referred to in paragraphs (1)(a) and (2)(a) above, reflects the investment performance of the Portfolio as well as the payment of Portfolio expenses.

#### Transfers
While your Contract is in force, and subject to the terms of a GLWB Rider, if applicable, you may Transfer all or part of your Annuity Account Value among and between the Sub-Accounts by telephone, in writing by sending a Request to the Retirement Resource Operations Center, or through the Internet at www.variableannuities.greatwest.com. Incoming Transfers to closed Sub-Accounts are not permitted.

Your Request must specify:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the amounts being Transferred;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Sub-Account(s) from which the Transfer is to be made; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Sub-Account(s) that will receive the Transfer.

Currently, there is no limit on the number of Transfers you can make among the Sub-Accounts during any calendar year. However, we reserve the right to limit the number of Transfers you make. Also, there is currently no charge for Transfers. We reserve the right to impose such a charge in the future. If we choose to exercise these rights, we will notify you by sending you a supplement to this Prospectus, in accordance with all applicable regulations.

A Transfer generally will be effective on the date the Retirement Resource Operations Center receives the Request for Transfer if received before 4:00 p.m. ET on a Business Day. Any Transfer Request received after 4:00 p.m. ET becomes effective on the following Business Day. Under current tax law, there will not be any tax liability to you if you make a Transfer.

Transfers involving the Sub-Accounts will result in the purchase and/or cancellation of Accumulation Units having a total value equal to the dollar amount being transferred. The purchase and/or cancellation of such units is made using the value of the Sub-Accounts as of the end of the valuation date on which the Transfer is effective.

Sub-Accounts investing in certain Investment Strategy Portfolios (the FFF Portfolios) may only be accessed with payment of an additional asset-based fee called the Fund Facilitation Fee. For more information see "Fund Facilitation Fee" below.

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#### Market Timing and Excessive Trading
The Contracts are intended for long-term investment and not for the purpose of market timing or excessive trading activity. Market timing activity may dilute the interests of Contract Owners in the underlying Portfolios. Market timing generally involves frequent or unusually large transfers that are intended to take advantage of short-term fluctuations in the value of a Portfolio's portfolio securities and the reflection of that change in the Portfolio's share price. In addition, frequent or unusually large transfers may harm performance by increasing Portfolio expenses and disrupting Portfolio management strategies. For example, excessive trading may result in forced liquidations of portfolio securities or cause the Portfolio to keep a relatively high cash position, resulting in increased brokerage costs and lost investment opportunities.

We maintain procedures designed to prevent or minimize market timing and excessive trading (collectively, "prohibited trading") by Owners. As part of those procedures, certain of the Portfolios have instructed us to perform standardized trade monitoring, while other Portfolios perform their own monitoring and request reports of the Owner's trading activity if prohibited trading is suspected. If an Owner's trading activity is determined to constitute prohibited trading, as defined by the applicable Portfolio, Empower will notify the Owner that a trading restriction will be implemented if the Owner does not cease the prohibited trading. Some Portfolios may require that trading restrictions be implemented immediately without warning, in which case we will notify the Owner of the restriction imposed by the Portfolio(s), as applicable.

If a Portfolio determines, or, for Portfolios for which we perform trade monitoring, we determine based on the applicable Portfolio's definition of prohibited trading, that the Owner continues to engage in prohibited trading, we will restrict the Owner from making transfers into the identified Portfolio(s) for the period of time specified by the Portfolio(s). Restricted Owners will be permitted to make transfers out of the identified Portfolio(s) to other available Portfolio(s). When the Portfolio's restriction period has been met, the Owner will automatically be allowed to resume transfers into the identified Portfolio(s).

For Portfolios that perform their own monitoring, the Series Account does not impose trading restrictions unless a Portfolio first detects and notifies us of prohibited trading activity. Accordingly, we cannot prevent all prohibited trading activity before it occurs, as it may not be possible to identify it unless a trading pattern is established. To the extent such Portfolios do not detect and notify us of prohibited trading or the trading restrictions we impose fail to curtail it, it is possible that a market timer may be able to make prohibited trading transactions with the result that the management of the Portfolios may be disrupted and the Owners may suffer detrimental effects such as increased costs, reduced performance, and dilution of their interests in the affected Portfolios.

We endeavor to ensure that our procedures are uniformly and consistently applied to all Owners, and we do not exempt any persons from these procedures. We do not enter into agreements with Owners whereby we permit prohibited trading. Subject to applicable state law and the terms of each Contract, we reserve the right without prior notice to modify, restrict, suspend or eliminate the transfer privileges (including telephone transfers) at any time, to require that all Transfer Requests be made by you and not by your designee, and to require that each Transfer Request be made by a separate communication to us. We also reserve the right to require that each Transfer Request be submitted in writing and be signed by you.

The Portfolios may have adopted their own policies and procedures with respect to frequent purchases and redemptions of their respective shares. The prospectuses for the Portfolios should describe any policies and procedures relating to restricting prohibited trading. The frequent trading policies and procedures of a Portfolio may be different, and more or less restrictive, than the frequent trading policies and procedures of other Portfolios and the policies and procedures we have adopted to discourage prohibited trading. For example, a Portfolio may impose a redemption fee. The Owner should also be aware that we are legally obligated to provide (at the Portfolios' request) information about each amount you cause to be deposited into a Portfolio (including by way of premium payments and transfers under your Contract) or removed from the Portfolio (including by way of withdrawals and transfers under your Contract). If a Portfolio identifies you as having violated the Portfolio's frequent trading policies and procedures, we are obligated, if the Portfolio requests, to restrict or prohibit any further deposits or exchanges by you in respect to that Portfolio. Under rules adopted by the SEC we are required to: (1) enter into a written agreement with each Portfolio or its principal underwriter that will obligate us to provide to the Portfolio promptly upon request certain information about the trading activity of individual Owners and (2) execute instructions from the Portfolio to restrict or prohibit further purchases or transfers by specific Owners who violate the frequent trading policies established by the Portfolio. Accordingly, if you do not comply with any Portfolio's frequent trading policies and procedures, you may be prohibited from directing any additional amounts into that Portfolio or directing any transfers or other exchanges involving that Portfolio. You should review and comply with each Portfolio's frequent trading policies and procedures, which are disclosed in the Portfolios' current prospectuses.

We may revise our market timing and excessive trading policy and related procedures at our sole discretion, at any time and without prior notice, as we deem necessary or appropriate to comply with state or federal regulatory

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requirements or to impose additional or alternative restrictions on Owners engaging in prohibited trading. In addition, our orders to purchase shares of the Portfolios are generally subject to acceptance by the Portfolio, and in some cases a Portfolio may reject or reverse our purchase order. Therefore, we reserve the right to reject any Owner's Transfer Request if our order to purchase shares of the Portfolio is not accepted by, or is reversed by, an applicable Portfolio.

You should note that other insurance companies and retirement plans may also invest in the Portfolios and that those companies or plans may or may not have their own policies and procedures on frequent transfers. You should also know that the purchase and redemption orders received by the Portfolios generally are "omnibus" orders from intermediaries such as retirement plans or separate accounts funding variable insurance contracts. Omnibus orders reflect the aggregation and netting of multiple orders from individual retirement plan Owners and/or individual Owners of variable insurance contracts. The nature of such orders may limit the Portfolios' ability to apply their respective frequent trading policies and procedures. As a result, there is a risk that the Portfolios may not be able to detect potential prohibited trading activities in the omnibus orders they receive. We cannot guarantee that the Portfolios will not be harmed by transfer activity relating to the retirement plans and/or other insurance companies that invest in the Portfolios. If the policies and procedures of other insurance companies or retirement plans fail to successfully discourage frequent transfer activity, it may affect the value of your investments in the Portfolios. In addition, if a Portfolio believes that an omnibus order we submit may reflect one or more Transfer Requests from an Owner engaged in frequent transfer activity, the Portfolio may reject the entire omnibus order and thereby interfere with our ability to satisfy your Request even if you have not made frequent transfers. For transfers into more than one investment option, we may reject or reverse the entire Transfer Request if any part of it is not accepted by or is reversed by a Portfolio.

#### BENEFITS AVAILABLE UNDER THE CONTRACT
In addition to the Death Benefits and the GLWB Riders, other benefits are available under the Contract. The following table summarizes information about these other benefits.

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|:---|:---|:---|:---|:---|
| **Name of Benefit**  | **Purpose**  | **Is Benefit <br>Standard or <br>Optional?**  | **Maximum Fee**  | **Brief Description of <br>Restrictions/Limitations**  |
| **Rebalancer** | Allows you to automatically reallocate your Investment Strategy Account Value to maintain your desired Sub-Account allocation. | Optional | N/A | &nbsp;&nbsp;&nbsp; • Income Strategy Account Value is not eligible for this program.<br>• Not available once annuity payouts have begun.<br>• May not be used with dollar cost averaging.<br>• We reserve the right to modify or terminate this program at any time.<br>|
| **Dollar Cost <br>Averaging** | Arranges for systematic transfers from any Investment Strategy Sub-Account to any other open Sub-Account in either the Investment Strategy or the Income Strategy. | Optional | N/A | &nbsp;&nbsp;&nbsp; • Minimum amount that can be transferred is $100.<br>• During the GAW Phase, dollar cost averaging transfers may not be made into the Income Strategy.<br>• Not available once annuity payments have begun.<br>• May not be used with Rebalancer.<br>• We reserve the right to modify or terminate this program at any time.<br>|

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|:---|:---|:---|:---|:---|
| **Name of Benefit**  | **Purpose**  | **Is Benefit <br>Standard or <br>Optional?**  | **Maximum Fee**  | **Brief Description of <br>Restrictions/Limitations**  |
| **Periodic <br>Withdrawals** | Allows periodic withdrawals from the Investment Strategy. | Optional | N/A | &nbsp;&nbsp;&nbsp; • Only applies to Investment Strategy Account Value.<br>• Minimum withdrawal amount is $100.<br>• No additional Contributions may be made.<br>• Periodic Withdrawal will cease if you purchase an annuity payout option.<br>• We may limit the number of times you may restart a periodic withdrawal program.<br>• Withdrawals may be subject to federal and state tax consequences.<br>• Certain events will cause Periodic Withdrawals to end.<br>|

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| **Name of Benefit**  | **Purpose**  | **Is Benefit <br>Standard or <br>Optional?**  | **Maximum Fee**  | **Brief Description of <br>Restrictions/Limitations**  |
| **Secure Income <br>Plus GLWB <br>Rider** | Provides an annual withdrawal amount guaranteed for the life of the Covered Person(s) according to a fixed schedule that varies the GAW% with the age of the Covered Person(s), and provides for Accumulation Credits that increase the Benefit Base annually. | Optional | 2.25% <br>(as a percentage of the current Benefit Base) | &nbsp;&nbsp;&nbsp; • May not be elected with any other GLWB Rider.<br>• Covered Person(s) must be younger than age 86 on the Election Date.<br>• Only applies to assets in the Covered Funds.<br>• Deduction of Consultant fees may reduce the Benefit Base and GAWs.<br>• Excess Withdrawals may significantly reduce or terminate the benefit.<br>• Consultant fee deductions in excess of 1.5% of Covered Fund Value are Excess Withdrawals and will reduce the Benefit Base and GAWs. In any year in which there is an Excess Withdrawal, the Accumulation Credit will be zero.<br>• Total Contributions to the Covered Funds may not exceed $1,000,000.<br>• Minimum subsequent Contribution is $500 ($100 via Automatic Bank Draft Plan).<br>• The Benefit Base may not exceed $5 million.<br>• Covered Fund Value over $5 million is not used to calculate GAWs.<br>• If a transfer is made from the Income Strategy to the Investment Strategy, no transfers may be made into a Covered Fund for at least 90 days.<br>• Covered Person(s) must attain age 59½ to begin the GAW Phase.<br>• Any election made by the Beneficiary after the Owner's death is irrevocable.<br>• Installments cannot be changed during the GLWB Settlement Phase.<br>• Distributions and transfers are not permitted during the GLWB Settlement Phase.<br>• Certain events will cause the Rider to terminate.<br>• If you annuitize your Contract before Installments have begun, the entire Annuity Account Value will be annuitized and the benefit will terminate.<br>|

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|:---|:---|:---|:---|:---|
| **Name of Benefit**  | **Purpose**  | **Is Benefit <br>Standard or <br>Optional?**  | **Maximum Fee**  | **Brief Description of <br>Restrictions/Limitations**  |
| **Great-West <br>Secure Income <br>Max GLWB <br>Rider** | Provides an annual withdrawal amount guaranteed for the life of the Covered Person(s) according to a fixed schedule that varies the GAW% with the age of the CoveredPerson(s) and, and provides for Distribution Credits that increase the GAW% for Rider Contributions aged 5 years or more. | Optional | 2.25% <br>(as a percentage of the current Benefit Base) | &nbsp;&nbsp;&nbsp; • May not be elected with any other GLWB Rider.<br>• Covered Person(s) must be younger than age 86 on the Election Date.<br>• Only applies to assets in the Covered Funds.<br>• Deduction of Consultant fees may reduce the Benefit Base and GAWs.<br>• Excess Withdrawals may significantly reduce or terminate the benefit.<br>• Consultant fee deductions in excess of 1.5% of Covered Fund Value are Excess Withdrawals and will reduce the Benefit Base and GAWs.<br>• Total Contributions to the Covered Funds may not exceed $1,000,000.<br>• Minimum subsequent Contribution is $500 ($100 via Automatic Bank Draft Plan).<br>• The Benefit Base may not exceed $5 million.<br>• Covered Fund Value over $5 million is not used to calculate GAWs.<br>• If a transfer is made from the Income Strategy to the Investment Strategy, no transfers may be made into a Covered Fund for at least 90 days.<br>• Covered Person(s) must attain age 59½ to begin the GAW Phase.<br>• Any election made by the Beneficiary after the Owner's death is irrevocable.<br>• Installments cannot be changed during the GLWB Settlement Phase.<br>• Distributions and transfers are not permitted during the GLWB Settlement Phase.<br>• Certain events will cause the Rider to terminate.<br>• If you annuitize your Contract before Installments have begun, the entire Annuity Account Value will be annuitized and the benefit will terminate.<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit**  | **Purpose**  | **Is Benefit <br>Standard or <br>Optional?**  | **Maximum Fee**  | **Brief Description of <br>Restrictions/Limitations**  |
| **Great-West <br>Secure Income <br>Foundation <br>GLWB Rider** | Provides an annual withdrawal amount guaranteed for the life of the Covered Person(s) according to a fixed schedule that varies the GAW% with the age of the Covered Person(s). | Optional | 1.50% <br>(as a percentage of the current Benefit Base) | &nbsp;&nbsp;&nbsp; • May not be elected with any other GLWB Rider.<br>• Covered Person(s) must be younger than age 86 on the Election Date.<br>• Only applies to assets in the Covered Funds.<br>• Deduction of Consultant fees may reduce the Benefit Base and GAWs.<br>• Excess Withdrawals may significantly reduce or terminate the benefit.<br>• Total Contributions to the Covered Funds may not exceed $1,000,000.<br>• Minimum subsequent Contribution is $500 ($100 via Automatic Bank Draft Plan).<br>• The Benefit Base may not exceed $5 million.<br>• Covered Fund Value over $5 million is not used to calculate GAWs.<br>• If a transfer is made from the Income Strategy to the Investment Strategy, no transfers may be made into a Covered Fund for at least 90 days.<br>• Covered Person(s) must attain age 59½ to begin the GAW Phase.<br>• Any election made by the Beneficiary after the Owner's death is irrevocable.<br>• Installments cannot be changed during the GLWB Settlement Phase.<br>• Distributions and transfers are not permitted during the GLWB Settlement Phase.<br>• No subsequent transfers or Contributions may be made into the GLWB for at least 90 days after Rider termination.<br>• Certain events will cause the Rider to terminate.<br>|

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#### Automatic Custom Transfers

#### Dollar Cost Averaging
You may arrange for systematic Transfers from any Investment Strategy Sub-Account to any other open Sub-Account in either the Investment Strategy or the Income Strategy. These systematic Transfers may be used to Transfer values from the Money Market Sub-Account to other Sub-Accounts as part of a dollar cost averaging strategy. Dollar cost averaging allows you to buy more units when the price is low and fewer units when the price is high. Over time, your average cost per unit may be more or less than if you invested all your money at one time. However, dollar cost averaging does not assure a greater profit, or any profit, and will not prevent or necessarily alleviate losses in a declining market. There is no charge for participating in Dollar Cost Averaging; however, you will be charged a Fund Facilitation Fee if

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you make an allocation to Sub-Accounts investing in certain Investment Strategy Portfolios (the FFF Portfolios). For more information see "Fund Facilitation Fee" below.

You can set up automatic dollar cost averaging on a monthly, quarterly, semi-annual, or annual basis. Your Transfer will be initiated on the Transaction Date one frequency period following the date of the Request. For example, if you Request quarterly Transfers on January 9, your first Transfer will be made on April 9 and every three months on the 9th thereafter. Transfers will continue on that same day each interval unless terminated by you or for other reasons as set forth in the Contract.

If there are insufficient funds in the applicable Sub-Account on the date your Transfer is scheduled, your Transfer will not be made. However, your dollar cost averaging Transfers will resume once there are sufficient funds in the applicable Sub-Account. Dollar cost averaging will terminate automatically when you start taking payouts from the Contract. Dollar cost averaging Transfers must meet the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The minimum amount that can be Transferred out of the selected Sub-Account is $100;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You must: (1) specify the dollar amount to be Transferred, (2) designate the Sub-Account(s) to which the Transfer will be made, and (3) designate the percentage of the dollar amount to be allocated to each Sub-Account into which you are Transferring money. The Accumulation Unit values will be determined on the Transfer date.

How dollar cost averaging works (this example is hypothetical and may not be indicative of how dollar cost averaging would work for you):

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| | | | |
|:---|:---|:---|:---|
| **Month**  | **Contribution**  | **Units Purchased**  | **Price per Unit**  |
| Jan.  | $250 | 10 | $25.00 |
| Feb.  | 250 | 12 | 20.83 |
| Mar.  | 250 | 20 | 12.50 |
| Apr.  | 250 | 20 | 12.50 |
| May  | 250 | 15 | 16.67 |
| June  | 250 | 12 | 20.83 |

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Average market value per unit $18.06

Investor's average cost per unit $16.85

In the chart above, if all units had been purchased at one time at the highest unit value of $25.00, only 60 units could have been purchased with $1500. By contributing smaller amounts over time, dollar cost averaging allowed 89 units to be purchased with $1500 at an average unit price of $16.85. This investor purchased 29 more units at $1.21 less per unit than the average market value per unit of $18.06.

You may not participate in dollar cost averaging and Rebalancer at the same time. During the GAW Phase, dollar cost averaging Transfers may not be made into the Income Strategy. Any dollar cost averaging Transfers into the Income Strategy that are scheduled during the GAW Phase will be automatically defaulted into the Money Market Sub-Account.

Empower reserves the right to modify, suspend, or terminate dollar cost averaging at any time.

#### Rebalancer
Over time, variations in each Sub-Account's investment results will change your Sub-Account allocation percentages. Rebalancer allows you to automatically reallocate your Investment Strategy Account Value to maintain your desired Sub-Account allocation. The Income Strategy Account Value is not eligible for the Rebalancer. Participation in Rebalancer does not assure a greater profit, or any profit, nor will it prevent or necessarily alleviate losses in a declining market. Rebalancer is only available for assets held in the Investment Strategy. There is no charge for participating in Rebalancer; however, you will be charged a Fund Facilitation Fee if you make an allocation to Sub-Accounts investing in certain Investment Strategy Portfolios (the FFF Portfolios). For more information see "Fund Facilitation Fee" below.

You can set up Rebalancer as a one-time Transfer or on a quarterly, semi-annual, or annual basis. If you select to rebalance only once, the Transfer will take place on the Transaction Date of the Request.

If you select to rebalance on a quarterly, semi-annual, or annual basis, the first Transfer will be initiated on the Transaction Date one frequency period following the date of the Request. For example, if you Request quarterly Transfers on January 9, your first Transfer will be made on April 9 and every three months on the 9th thereafter. Transfers will continue on that same day each interval unless terminated by you or for other reasons as set forth in the Contract.

How Rebalancer works:

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Suppose you purchased your annuity and you decided to allocate 60% of your initial Contribution to Sub-Accounts that invest in stocks; 30% to Sub-Accounts that invest in bonds, and 10% to Sub-Accounts that invest in cash equivalents as follows:

60% — Stocks <br>30% — Large Company <br>15% — Small Company <br>15% — International <br>30% — Bonds <br>10% — Cash

Now assume that stock Portfolios outperform bond Portfolios and cash equivalents over a certain period of time. Over this period, the unequal performance may alter the Sub-Account allocation of the above hypothetical plan to look like this:

75% — Stocks <br>35% — Large Company <br>20% — Small Company <br>20% — International <br>20% — Bonds <br>5% — Cash

Rebalancer automatically reallocates your Annuity Account Value to maintain your desired Sub-Account allocation. In this example, the Sub-Account allocations would be reallocated back to 60% in stocks; 30% in bonds; 10% in cash equivalents.

On the Transaction Date for the specified Request, assets will be automatically reallocated to the Sub-Accounts you selected. The Rebalancer option will terminate automatically when you start taking payouts from the Contract.

Rebalancer Transfers must meet the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your entire Investment Strategy Account Value must be included (except for Sub-Accounts that are closed to new Contributions and incoming Transfers);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You must specify the percentage of your Investment Strategy Account Value that you wish allocated to each Sub-Account and the frequency of rebalancing. You may modify the allocations or stop the Rebalancer option at any time; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may not participate in dollar cost averaging and Rebalancer at the same time.

Rebalancer is not available after annuity payouts have begun. Empower reserves the right to modify, suspend, or terminate the Rebalancer option at any time.

#### Cash Withdrawals
You may withdraw all or part of your Annuity Account Value at any time during the life of the Annuitant and prior to the Annuity Commencement Date by submitting a withdrawal Request to the Retirement Resource Operations Center; however, any withdrawals over $25,000 must be submitted in writing. Withdrawals are subject to the rules below and federal or state laws, rules, or regulations may also apply. The amount payable to you if you surrender your Contract is your Annuity Account Value, less any applicable Premium Tax, and other taxes. No withdrawals may be made from the Investment Strategy after the Annuity Commencement Date. If you surrender your Contract, a GLWB Rider, if elected, will terminate.

If you Request a partial withdrawal or a deduction from your Annuity Account Value to pay Consultant fees, your Annuity Account Value will be reduced by the partial withdrawal amount or deduction and the Guaranteed Minimum Death Benefit, if applicable, will be reduced on a proportionate basis measured as a percentage of the partial withdrawal or deduction against the current Annuity Account Value. For example, a partial withdrawal of 10% of the Annuity Account Value would reduce your Guaranteed Minimum Death Benefit by 10%.

#### Numerical Example
Sum of Contract Contributions = $50,000

Annuity Account Value = $40,000

Withdrawal amount = $4,000

New Annuity Account Value = $36,000

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#### Return of Annuity Account Value Death Benefit (Death Benefit Option 1) = $36,000
Adjustment to Guaranteed Minimum Death Benefit = ($40,000 - $4,000)/$40,000 = 0.90

#### Guaranteed Minimum Death Benefit (Death Benefit Option 2) = ($50,000 x 0.90) = $45,000
Partial withdrawals are generally unlimited in frequency. However, you must specify the Sub-Account(s) from which the withdrawal is to be made. The minimum partial withdrawal is $500.

The following terms apply to withdrawals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Partial withdrawals or surrenders from the Investment Strategy are not permitted after the Annuity Commencement Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If a partial withdrawal is made within 30 days of the date annuity payouts are scheduled to begin, we may delay the Annuity Commencement Date by 30 days; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A partial withdrawal or a surrender will be effective upon the Transaction Date.

Withdrawal Requests submitted in writing must include your original signature. If your instructions are not clear, your Request will be denied and no surrender or partial withdrawal will be processed.

If we receive a Request for surrender or partial withdrawal, we may postpone any cash payment from the Annuity Account Value for no more than 7 days.

We may also delay payment for any of the following reasons:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any period during which the New York Stock Exchange is closed (other than customary weekend and holding closings) or trading on the New York Stock Exchange is restricted;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any period during which an emergency exists such that the disposal of or determination of the value of shares of the Portfolios is not reasonably practicable; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any other period as the Securities and Exchange Commission may by order permit for the protection of security holders.

If you have not elected a GLWB Rider, a withdrawal of your entire Annuity Account Value will terminate all of your rights under the Contract. If you have elected a GLWB Rider, at any time that your Annuity Account Value and your Benefit Base are both reduced to zero, all of your rights under the Contract and GLWB Rider will terminate.

Tax consequences of withdrawals are detailed below, but you should consult a competent tax advisor prior to authorizing a withdrawal from your Annuity Account Value.

#### Deductions to Pay Consultant Fees
Subject to certain restrictions, you may elect to have Consultant fees deducted as a percentage of your Annuity Account Value. Consultant fees are the fees that your Consultant charges to manage your Annuity Account Value under the Contract. To have the fees paid to the Consultant from your Contract, you will need to complete a form authorizing the payments (a "Consultant Fee Authorization"). Payment of the Consultant fee from your Annuity Account Value must meet a $100 minimum withdrawal requirement and comply with all terms and conditions applicable to partial withdrawals, as described above. Consultant fees can be deducted quarterly or annually. You can terminate a Consultant Fee Authorization in writing, or via telephone. Deductions from Annuity Account Value to pay a Consultant fee may not be available through all Consultants or through all financial intermediaries.

**Because this is considered a withdrawal, deduction of the Consultant fee from Annuity Account Value could significantly reduce your benefits under the Contract, including reducing your benefit under Death Benefit Option 1 on a dollar-for-dollar basis.** Under Death Benefit Option 2, the adjustment for each withdrawal reduces the Death Benefit in the same proportion that the amount withdrawn reduces the Annuity Account Value. If the value of Death Benefit Option 2 is greater than the Annuity Account Value at the time of the withdrawal, the downward adjustment to the Death Benefit Option will be larger than the amount withdrawn.

For Example, under Death Benefit Option 2, if your Annuity Account Value is $40,000, and your Consultant Fee amount is 1%, then the Consultant Fee Amount would equal $4,000. Therefore, your New Annuity Account Value, after the deduction of the Consultant Fee, would be $36,000. Before the deduction of Consultant Fees, the Guaranteed Minimum Death Benefit amount is $50,000. The Deduction of the Consultant Fee reduces the Death Benefit on a pro-rata basis. The pro-rata factor is calculated in the following way: Account Value after deduction of Consultant Fee divided by the Account Value before deduction of Consultant equals $36,000 divided by $40,000 equals 90%. The Death Benefit amount after the deduction of Consultant Fees equals the Death Benefit amount before the deduction of

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Consultant Fees multiplied by 90%. The Death Benefit amount after the deduction of Consultant Fees, therefore, is $50,000 multiplied by 90% which equals $45,000.

If you elected the GLWB Rider and deductions are made from the Income Strategy, those deductions may reduce the Benefit Base of the GLWB Rider, and the amounts of the Guaranteed Annual Withdrawals. If the deduction of Consultant fees causes an Excess Withdrawal under the GLWB Rider your Covered Fund Value will be adjusted dollar-for-dollar in the amount of the Excess Withdrawal. The Benefit Base will be adjusted at the time the Excess Withdrawal is made by the ratio of the Covered Fund Value immediately after the Excess Withdrawal to the Covered Fund Value immediately before the Excess Withdrawal. Accordingly, your Benefit Base could be reduced by more than the amount of the withdrawal.

Deductions from Covered Fund(s) in the Income Strategy to pay Consultant fees up to 1.5% annually of the Covered Fund Value will not be considered an Excess Withdrawal; deductions for that purpose will be considered an Excess Withdrawal to the extent they exceed 1.5% annually of the Covered Fund Value, which would reduce the Death Benefit as well as your Benefit Base and GAWs under a GLWB Rider. **Generally, we will not process deductions to pay Consultant fees that exceed an annualized rate of 1.5% of the Annuity Account Value**. A Consultant fee Excess Withdrawal that reduces the Covered Fund Value to zero will reduce the Benefit Base to zero, and all rights under the GLWB Rider will terminate; however, the Contract will continue to operate with respect to assets, if any, allocated to the Investment Strategy. A Consultant fee Excess Withdrawal that reduces the Annuity Account Value to zero will reduce the Benefit Base to zero, and all rights under the Contract and GLWB Rider will terminate.

The federal income tax treatment of Consultant fees paid from your Annuity Account Value is uncertain. See "Tax Consequences of Consultant Fees" below.

Tax consequences of withdrawals are detailed below, but you should consult a competent tax advisor prior to authorizing a withdrawal from your Annuity Account Value to pay Consultant fees.

#### Numerical Examples of Deductions to Pay Consultant Fees
The below examples illustrate the impact on Covered Fund Value, the Benefit Base, GAWs, Death Benefit Option 1 and Death Benefit Option 2 when Consultant fees are deducted. The first example shows the impact of a deduction of a 1.5% annual Consultant fee, no portion of which is an Excess Withdrawal. The second example shows the impact of a deduction of a 2.0% annual Consultant fee, the amount in excess of 1.5% annually is an Excess Withdrawal.

#### Example #1: <br> Prior to deduction of Consultant fee
Sum of Contributions = $80,000

Covered Fund Value = $50,000

Benefit Base = $100,000

GAW% = 5%

Guaranteed Annual Withdrawal = $5,000

Option 1 Death Benefit (Return of Annuity Account Value) = $50,000

Option 2 Death Benefit (Return of Contributions) = $80,000

Deduction amount for Consultant fees = $750 (1.5% of $50,000)

*After Guaranteed Annual Withdrawal and deduction of Consultant fee:*

Covered Fund Value = ($50,000 – $5,000 – $750) = $44,250

Benefit Base after deduction for Consultant fees = $100,000

GAW% = 5%

Guaranteed Annual Withdrawal = $5,000

Option 1 Death Benefit (Return of Annuity Account Value) = $44,250

Adjustment to Option 2 Death Benefit = (Current Account Value of $50,000 - Withdrawal of $5,000) / Current Account Value of $50,000 = Adjustment Factor of 0.90

Option 2 Death Benefit (Return of Contributions) = Current Death Benefit of $80,000 \* Adjustment Factor of 0.90 = Death Benefit Adjusted for Withdrawal of $72,000

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#### Example #2: <br> Prior to deduction of Consultant fee
Sum of Contributions = $80,000

Covered Fund Value = $50,000

Benefit Base = $100,000

GAW% = 5%

Excess Withdrawal = $250

Guaranteed Annual Withdrawal = $5,000

Option 1 Death Benefit (Return of Annuity Account Value) = $50,000

Option 2 Death Benefit (Return of Contributions) = $80,000

Deduction amount for Consultant fees = $1,000 (2.0% of $50,000)

*After Guaranteed Annual Withdrawal and deduction of Consultant fee:*

Covered Fund Value = ($50,000 – $5,000 – $1,000) = $44,000

Adjustment to Benefit Base = ($44,250 – $250)/$44,250 = 0.9944

Benefit Base after deduction for Consultant fees = $100,000 \* 0.9944 = $99,435

GAW% = 5%

Guaranteed Annual Withdrawal = $99,435 \* 5% = $4,972

Option 1 Death Benefit (Return of Annuity Account Value) = $44,000

Adjustment to Option 2 Death Benefit = (Current Account Value of $49,250 – Withdrawal of $5,250)/Current Account Value $49,250 = 0.8934

Option 2 Death Benefit (Return of Contributions) = Current Death Benefit of $80,000 \* Adjustment Factor of 0.8934= Death Benefit Adjusted for Withdrawal of $71,742

If you have the Great-West Secure Income Plus GLWB Rider and the Consultant fee exceeds 1.5%, the portion of the Consultant fee that exceeds 1.5% will be treated as an Excess Withdrawal, and the Accumulation Credit under the Rider will be zero.

#### Tax Consequences of Withdrawals
Withdrawals may be taxable — including Guaranteed Lifetime Withdrawal Benefits. If you are younger than age 59½, the taxable portion of any withdrawal is generally considered to be an early withdrawal and may be subject to an additional federal tax of 10%.

In addition, the Code may require us to withhold federal income taxes from withdrawals and report such withdrawals to the Internal Revenue Service ("IRS"). If you Request partial withdrawals, your Annuity Account Value will be reduced by the sum of the amount of the withdrawal and the related withholding.

You may elect, in writing, to have us not withhold federal income tax from withdrawals, unless withholding is mandatory for your Contract. For details about withholding, please see "Federal Tax Matters" below.

Some states also require withholding for state income taxes.

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#### Tax Consequences of Consultant Fees
Generally, we will not treat Consultant fees paid from your Annuity Account Value (whether allocated to the Investment Strategy or the Income Strategy) as withdrawals for income tax reporting purposes if certain conditions are met. In that regard, the IRS has issued multiple private letter rulings (PLRs) concluding that similar advisory fees paid from qualified annuity contracts (such as IRAs) do not result in taxable distributions from such contracts. More recently, the IRS issued numerous PLRs reaching the same conclusion with respect to similar advisory fees paid from non-qualified annuity contracts. Empower obtained one of those recent PLRs regarding non-qualified annuities. However, PLRs generally can be relied upon only by the taxpayers who obtained them. For example, you cannot rely on the PLR issued to Empower. In any event, Empower will follow the conclusions reached in the PLR it received, provided that the requirements of that PLR are met. The requirements of the PLR include the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You and your Financial Intermediary must provide a completed written Consultant Fee Authorization form (which we will provide to you) that sets forth the amount of the Consultant fees and the frequency with which the Consultant fees should be deducted from your Annuity Account Value and paid to your Consultant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Consultant fees may not exceed an amount equal to an annual rate of 1.5% of the Contract's Annuity Account Value and they may be used to compensate your Consultant only for investment advice provided to you with respect to the Contract and not for any other services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• During any period for which the Consultant Fee Authorization is in effect, the Consultant fees that are subject to such authorization must be paid solely out of the Annuity Account Value and you, as the Owner, may not pay such Consultant fees directly to the Consultant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Consultant Fee Authorization must be irrevocable with respect to Consultant fees paid and Consultant fees accrued but not yet paid.

Regardless of whether we tax report Consultant fees from your Contract, the Internal Revenue Service could determine that the Consultant fees should be treated as taxable withdrawals, in which case the amount of the fee deducted from your Annuity Account Value could be included in your gross income and could be subject a 10% additional tax.

The federal income tax treatment of Consultant fees paid from your Annuity Account Value is uncertain. You should consult a tax advisor regarding the tax treatment of Consultant fees paid from your Annuity Account Value and consider whether paying such Consultant fees from another source might be more appropriate for you.

#### Telephone and Internet Transactions
You may make Transfer Requests by telephone, fax and/or by Internet. Transfer Requests received before 4:00 p.m. ET will be made on that day at that day's unit value. Those received after 4:00 p.m. ET will be made on the next Business Day at that day's unit value.

We will use reasonable procedures to confirm that instructions communicated by telephone, fax and/or Internet are genuine, such as:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• requiring some form of personal identification prior to acting on instructions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• providing written confirmation of the transaction; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• tape recording the instructions given by telephone.

If we follow such procedures we will not be liable for any losses due to unauthorized or fraudulent instructions.

We reserve the right to suspend telephone, fax and/or Internet transaction privileges at any time, for some or all Contracts, at our discretion. We currently do not permit partial withdrawals or surrenders by telephone; however you may Request partial withdrawal Requests in the amount of $25,000 or less by Internet. All Requests for full surrenders, periodic withdrawals, and partial withdrawals in excess of $25,000 must be in writing.

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#### DEATH BENEFIT
The following table summarizes information about the standard Death Benefits available under the Contract.

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| | | | |
|:---|:---|:---|:---|
| **Name of Benefit**  | **Purpose**  | **Maximum Fee**  | **Brief Description of <br>Restrictions/Limitations**  |
| Death Benefit Option 1: Return of Account Value Death Benefit | Provides a Death Benefit equal to your Annuity Account Value if you die before the Annuity Commencement Date. | 0.20% (as a percentage of Annuity Account Value, included in the Base Contract Expenses) | &nbsp;&nbsp;&nbsp; • Pre-Selected Beneficiary Payout Options, if elected, will limit the form of Death Benefit payout a Beneficiary or Contingent Beneficiary may receive.<br>• Consultant fee deductions will reduce the Annuity Account Value and therefore the Death Benefit.<br>|
| Death Benefit Option 2: Guaranteed Minimum Death Benefit | Provides a Death Benefit equal to the greater of (a) your Annuity Account Value or (b) the sum of Contributions applied to the Contract adjusted for any withdrawals; if you die before the Annuity Commencement Date. | 0.40% (as a percentage of Annuity Account Value, included in the Base Contract Expenses) | &nbsp;&nbsp;&nbsp; • Withdrawals will reduce, on a pro-rata basis, any Death Benefit based on the sum of Contributions.<br>• Pre-Selected Beneficiary Payout Options, if elected, will limit the form of Death Benefit payout a Beneficiary or Contingent Beneficiary may receive.<br>• Consultant fee deductions will reduce the Annuity Account Value and therefore any Death Benefit based on the Annuity Account Value.<br>• To the extent Consultant fee deductions exceed 1.5% annually, such deductions will incur a withdrawal adjustment which will reduce, on a pro-rata basis, any Death Benefit based on the sum of Contributions.<br>|

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At the time you apply to purchase the Contract, you select one of the two Death Benefit Options we offer.

**Death Benefit Option 1** — The amount of the Death Benefit under Death Benefit Option 1 will be your Annuity Account Value as of the date we receive a Request for the payout of the Death Benefit, minus any Premium Tax.

The Owner, Annuitant, and Contingent Annuitant each must be age 85 or younger at the time the Contract is issued in order for you to select Death Benefit Option 1. Your M&E Charge under Death Benefit Option 1 is 0.20% of the average daily value of the Sub-Accounts to which you have allocated Contributions. If you have selected Death Benefit Option 1, you should be aware that Distributions and Excess Withdrawals could reduce your Death Benefit on a dollar-for-dollar basis.

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**Death Benefit Option 2** (also called the Guaranteed Minimum Death Benefit) — The amount of the Death Benefit under Option 2 will be the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Annuity Account Value as of the date we receive a Request for the payout of the Death Benefit, minus any Premium Tax; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the sum of Contributions applied to the Contract in both the Investment Strategy and the Income Strategy, as of the date the Request for payment is received, less the proportionate impact of any distributions, partial or periodic withdrawals and Premium Tax, if any.

The Owner, Annuitant, and Contingent Annuitant each must be age 85 or younger at the time the Contract is issued in order for you to select Death Benefit Option 2. Your M&E Charge under Death Benefit Option 2 is 0.40% of the average daily value of the Sub-Accounts to which you have allocated Contributions. If you have selected Death Benefit Option 2, you should be aware that Distributions and Excess Withdrawals will reduce your Death Benefit on a pro-rata basis.

For a full description of the circumstances under which we pay the Death Benefit, please see "Distribution of Death Benefit" below. For a numerical example of the calculation of a minimum Death Benefit, including the proportionate impact of Distributions, please see the numerical example under "Distribution of Death Benefit, Impact of Withdrawals on Guaranteed Minimum Death Benefit" below.

The difference between the two Death Benefit Options we offer is that the amount payable upon death (the Death Benefit) is based on different criteria for each option and there is a different M&E Charge for each. Death Benefit Option 2 provides for the return of Contributions in the event that amount is greater than the Annuity Account Value (minus any Premium Tax and minus the proportionate impact of any partial withdrawals). This could happen, for example, if the Death Benefit becomes payable soon after the Contract is purchased (say, one to three years) and, during those years, while Contributions are being made, the investment markets generally are in decline. Under these circumstances, it is possible that the performance of the Sub-Accounts you select may cause the Annuity Account Value to be less than the total amount of Contributions. If you have selected Death Benefit Option 2 on a Contract, your Beneficiary would receive the greater amount, in this case, the sum of all Contributions (minus any Premium Tax and minus the proportionate impact of any partial withdrawals). If you have selected Death Benefit Option 1, your Beneficiary would receive the lesser amount, in this case, the Annuity Account Value (minus any Premium Tax).

The Death Benefit will become payable following our receipt of the Beneficiary's claim in good order. When an Owner dies before the Annuity Commencement Date and a Death Benefit is payable to a Beneficiary, the Death Benefit proceeds will remain invested according to the allocation instructions given by the Owner(s) until: (i) new allocation instructions are Requested by the Beneficiary; (ii) the Death Benefit is actually paid to the Beneficiary, except where the GLWB may not be maintained by the Beneficiary; or, (iii) a Request for a payout of the Death Benefit is processed, as described below.

#### See "Pre-Selected Beneficiary Payout Options" below for important limitations on a Beneficiary's ability to elect a Death Benefit Payout Option .
The amount of the Death Benefit will be determined as of the date payments commence. However, on the date a payout option is processed, the Annuity Account Value will be transferred to the Money Market Sub-Account unless the Beneficiary elects otherwise.

Subject to the distribution rules below, payout of the Death Benefit may be made as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• payout in a single sum; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• payout under any of the variable annuity options provided under this Contract.

In any event, no payout of benefits provided under the Contract will be allowed that does not satisfy the requirements of the Code and any other applicable federal or state laws, rules, or regulations.

Withdrawals up to 1.5% annually can be deducted from your Annuity Account Value to pay Consultants for asset management or advisory service fees associated with the Contract and Rider without being considered a proportional partial withdrawal when calculating the Guaranteed Minimum Death Benefit under Option 2. Because this is considered a withdrawal, deduction of the Consultant fee could significantly reduce your benefits under the Contract, including reducing your benefit under Death Benefit Option 1 on a dollar-for-dollar basis, reducing your benefit under Death Benefit Option 2 proportionately, and/or causing an Excess Withdrawal. Withdrawals from Covered Fund(s) in the Income Strategy to pay Consultant fees up to 1.5% annually of your Covered Fund Value will not be considered an Excess Withdrawal; withdrawals for that purpose will be considered an Excess Withdrawal to the extent they exceed 1.5% annually of your Covered Fund Value, which would reduce the Death Benefit as well as your Benefit Base and GAWs

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under a GLWB Rider. Withdrawals to pay Consultant fees may be taken from assets held in the Investment Strategy, or from other assets managed by your Consultant, if any, rather than from assets held in the Income Strategy to avoid being considered an Excess Withdrawal thus reducing your benefits under a GLWB Rider and Death Benefit Option 2. A Consultant fee Excess Withdrawal that reduces the Covered Fund Value to zero will reduce the Benefit Base to zero, and all rights under the GLWB Rider will terminate; however, the Contract will continue to operate with respect to assets, if any, allocated to the Investment Strategy. A Consultant fee Excess Withdrawal that reduces the Annuity Account Value to zero will reduce the Benefit Base to zero, and all rights under the Contract and GLWB Rider will terminate.

#### Ownership
The Owner, and if selected, Joint Owner, exercise all rights and privileges under the Contract, while the Annuitant is living. You may change the Owner any time before the Owner's death unless otherwise proscribed by applicable law. A change of Owner must be made in writing in a form satisfactory to us. The change will take effect as of the date the written Request is signed, unless you specify a certain date. Any change is subject to any payout or other action we have taken before recording your ownership change. A change in the Owner of the Contract will result in termination of the GLWB Rider except in certain circumstances. See "Termination of a GLWB Rider" below.

#### Grantor Trust Owned Annuity
Contracts owned by a Grantor Trust are not considered owned by a non-natural entity and will be subject to the tax requirements generally applicable to Non-Qualified Annuity Contracts. Generally, if a trust is a Grantor Trust, the Grantor is treated as the owner of the trust assets, the trust is disregarded as a separate tax entity, and all income is taxed to the Grantor. Grantor Trust-owned Contracts receive tax deferral in accordance with the Code. If a Grantor Trust owns the Contract, the Grantor will be the Annuitant unless otherwise indicated in the application. Upon the death of the Grantor, the Death Benefit will be paid pursuant to the Death Benefit provisions of the Contract. We allow a Grantor Trust to be an Owner only if it either has a single Grantor who is a natural person, or two Grantors who are one another's Spouse as of the Effective Date.

#### Non-Grantor Trust Owned Annuity
Contracts owned by a Non-Grantor Trust are considered owned by a non-natural entity and will generally not be treated as an annuity for tax purposes. In that circumstance, any increase in Annuity Account Value, is generally taxable as ordinary income to the trust during each taxable year. However, the IRS has issued a number of private letter rulings holding that in the case of a contract the nominal owner of which is a non-natural entity (e.g., a trust), but the beneficial owner of which is a natural person, the contract generally will be treated as held by a natural person. You should consult with your tax advisor as to whether your Non-Grantor Trust satisfies the exception to the non-natural owner rule.

If a Non-Grantor Trust owns the Contract, the grantor will be the Annuitant unless otherwise indicated in the application. If the Owner is a Non-Grantor Trust, all references to the life, age, or death of the Owner pertain to the life, age, or death of the Annuitant, and where there are Joint Annuitants, shall pertain to the older Joint Annuitant. Once selected, the Annuitant may not be changed. If there is a change of ownership of the Contract from a Non-Grantor Trust to a natural person, the original Annuitant and/or Joint Annuitant shall continue to determine any benefits under the Contract and GLWB Riders. Upon the death of the Annuitant, the Death Benefit will be paid to the Owner pursuant to the Death Benefit provisions of the Contract. Upon the death of either Joint Annuitant, the Contract will continue with the remaining single Annuitant in accordance with the death distribution rules under the Code unless the Owner elects to receive the Death Benefit. Divorce provisions of the Contract and GLWB Riders are not applicable to Non-Grantor Trust owned Contracts. Spousal continuation of the Contract is not applicable to Contracts owned by a Non-Grantor Trust.

#### IRA Custodian or Trustee Owned Annuity
Contracts owned by an IRA custodian or trustee are not considered owned by a non-natural entity and are treated as an IRA investment subject to the same tax requirements as any other IRA investment. Upon the death of the Underlying IRA Holder, the Death Benefit will be paid to the IRA custodian or trustee pursuant to the Death Benefit provisions of the Contract. IRA custodian or trustee owned Contracts receive tax deferral in accordance with the Code provisions governing IRAs.

If the Owner is an IRA custodian or trustee, the Underlying IRA Holder must be the Annuitant and if there are two Annuitants, the Joint Annuitant must be the Underlying IRA Holder's Spouse and the designated beneficiary of the custodial or trusteed account. If the Owner is an IRA custodian or trustee and a GLWB Rider is selected, the Underlying IRA Holder must be a Covered Person. If Joint Covered Persons are selected, the Spouse of the Underlying IRA Holder must be a Joint Covered Person and must be the designated beneficiary of the custodial or trusteed account. If

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the Underlying IRA Holder's Spouse is the sole primary beneficiary of the Underlying IRA Holder's interest in the custodial or trusteed account, the Underlying IRA Holder's Spouse will be treated as the Beneficiary of the Contract for purposes of the GLWB Rider spousal continuation provisions.

Underlying IRA Holders should consult with a competent tax advisor regarding whether selecting Joint Annuitants under the Contract or selecting Joint Covered Persons under a GLWB Rider is suitable for the Underlying IRA Holder's needs. See "Guaranteed Lifetime Withdrawal Benefit" below for more information.

Because the Code provides IRA holders with tax deferral and other benefits, the Contract should not be purchased by an Underlying IRA Holder solely for tax deferral or other benefits already provided by the IRA itself.

#### Rollovers from Qualified Retirement Plans and IRAs
The Contract may be purchased through a rollover of assets from qualified retirement plans. You should consult with your plan sponsor, as well as a qualified tax professional, before rolling over retirement plan assets. The Contract may also be purchased through a rollover of assets from an IRA or Simplified Employee Pension ("SEP") IRA.

#### Inherited IRAs
The Contract may be an inherited IRA only if it is acquired by a natural person beneficiary of the original IRA upon the original owner's death. Inherited IRAs will be administered according to the Code, including restricting Contributions and the administration of Required Minimum Distributions. Inherited IRA Owners may not elect a GLWB Rider or make Contributions to the Income Strategy. You should consult with a qualified tax professional before acquiring the Contract as an inherited IRA.

#### Non-Qualified Stretch Annuities
The Contract may be purchased by a beneficiary of a non-qualified annuity contract ("Beneficial Owner") pursuant to a 1035 Exchange of the beneficiary's interest after death of an owner ("source contract"). For more information on 1035 Exchanges, see "Seek Tax Advice, Section 1035 Exchanges" below. We will issue the Non-Qualified Stretch Annuity in the name of the deceased owner with the beneficiary as the Beneficial Owner. We must receive the full death benefit and the information we require from the insurance company that issued the source contract in sufficient time to allow us to begin making life expectancy payments under the Non-Qualified Stretch Annuity Contract.

A Beneficial Owner may not be a non-natural entity such as a Grantor Trust or Non-Grantor Trust. A Beneficial Owner of a Non-Qualified Stretch Annuity Contract may designate a Successor Beneficiary who is entitled to receive the Beneficial Owner's remaining interest in the Contract upon the death of the Beneficial Owner. A Successor Beneficiary may not be a non-natural entity.

Non-Qualified Stretch Annuity Beneficial Owners may not elect a GLWB Rider or make Contributions to the Income Strategy. You should consult with a qualified tax professional before purchasing the Contract as Non-Qualified Stretch Annuity.

#### Beneficiary
You may select one or more Beneficiaries. If more than one Beneficiary is selected, they will share equally in any Death Benefit payable unless you indicate otherwise. You may change the Beneficiary any time before the Annuitant's death.

You may also select one or more Contingent Beneficiaries. You may change the Contingent Beneficiary before the Annuitant's death. If one or more primary Beneficiaries are alive within 30 days after the Annuitant's death, the Contingent Beneficiary cannot become the primary Beneficiary and any interest the Contingent Beneficiary may have in the Contract will cease.

A change of Beneficiary or Contingent Beneficiary will take effect as of the date the written Request was signed, unless the Owner specifies a certain date. If the Owner dies before the Request is processed, the change will take effect as of the date the Request was made, unless we have already made a payout or otherwise taken action on a designation or change before receipt or processing of such Request. The interest of any Beneficiary who dies before the Owner or the Annuitant will terminate at the death of the Beneficiary and the Contingent Beneficiary will become the Beneficiary. The interest of any Beneficiary who dies at the time of, or within 30 days after the death of an Owner or the Annuitant will also terminate if no benefits have been paid to such Beneficiary, unless the Owner otherwise indicates by Request. The benefits will then be paid to the Contingent Beneficiary. If no Contingent Beneficiary has been designated, then the benefits will be paid as though the Beneficiary had died before the deceased Owner or Annuitant. If no Beneficiary or Contingent Beneficiary survives the Owner or Annuitant, as applicable, we will pay the Death Benefit proceeds to the Owner's estate.

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#### See "Pre-Selected Beneficiary Payout Options" below for important limitations on a Beneficiary's ability to elect a Death Benefit Payout Option .
A Beneficiary or Contingent Beneficiary designated irrevocably may not be changed without the written consent of that Beneficiary, or Contingent Beneficiary, as applicable, except as allowed by law.

For Contracts owned by Non-Grantor Trusts, the Owner will at all times be the Beneficiary.

#### Pre-Selected Beneficiary Payout Options
You may also pre-select the form of Death Benefit payout that a specific Beneficiary or Contingent Beneficiary may receive ("Pre-Selected Beneficiary Payout Options"). Pre-Selected Beneficiary Payout Options allow the Owner to choose the percent of a lump sum payment of the applicable Death Benefit (from 0% to 100%) that may be accessed by a specific Beneficiary or Contingent Beneficiary, and/or which of the payout options provided under the Contract must apply to a specific Beneficiary or Contingent Beneficiary.

Pre-Selected Beneficiary Payout Options are only available to Contracts owned by natural persons, IRA Custodians/ Trustees, or Grantor Trusts. Requests for Pre-Selected Beneficiary Payout Options must be submitted in writing and signed by the Owner (including the Joint Owner, if applicable), and may be modified or cancelled at any time by the Owner prior to the Annuity Commencement Date. Pre-Selected Beneficiary Payout Options only become irrevocable upon the death of the Owner, and if applicable, the Joint Owner. Assignment of the Contract or transfer of Contract ownership while the Owner is still alive will result in cancellation of all Pre-Selected Beneficiary Payout Options.

Death Benefit payout options may not be pre-selected for Contracts owned by Joint Owners unless both Joint Owners Request in writing. Pre-Selected Beneficiary Payout Options may allow restrictions to be placed on a surviving Spouse who is not a Joint Owner, such as restricting the type of death benefit received or designating someone other than the spouse as Beneficiary, and may impact the ability of a surviving Spouse who is not a Joint Owner to become Owner of the Contract. Pre-Selected Beneficiary Payout Options may have adverse or unintended tax or financial consequences on a surviving Spouse who is not a Joint Owner if the surviving Spouse is not the designated Beneficiary because the surviving Spouse would not be entitled to receive Death Benefits or have the ability to become Owner of the Contract.

Pre-Selected Beneficiary Payout Options are irrevocable upon the death of the Owner, and if applicable, the Joint Owner, and cannot be changed by a non-Owner unless required under the Code or other applicable law. Under the Code, Death Benefit payments must begin within one year of the date the Death Benefit becomes payable for Non-Qualified Contracts, and by no later than December 31 of the year following the year in which the Death Benefit becomes payable for Qualified Contracts. Failure to adhere to this timing may prevent us from giving effect to Pre-Selected Beneficiary Payout Options. Failure to provide Proof of Death to us may cause a delay in beginning payments, force amendment to payout options selected, or nullify Pre-Selected Beneficiary Payout Options.

We reserve the right to modify or cancel any Pre-Selected Beneficiary Payout Options in order to comply with requirements of the Code, and/or other applicable state and federal laws, rules, and regulations. All Death Benefit payments will be made in compliance with the Code, and/or other applicable state and federal laws, rules, and regulations governing death benefit payouts, including those affecting minor Beneficiaries.

#### You should consult with a competent advisor regarding whether Pre-Selected Beneficiary Payout Options are suitable for your needs.

#### Distribution of Death Benefit (for all Qualified Annuity Contracts)
For the distribution of Death Benefit rules applicable to Non-Qualified Annuity Contracts and Non-Qualified Stretch Annuity Contracts, see below.

Any Death Benefit payable to a Beneficiary upon the Owner's death will generally be distributed as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the Owner's surviving Spouse is the sole person entitled to receive benefits upon the Owner's death, the surviving Spouse will be treated as the Owner and will be allowed to take the Death Benefit or continue the Contract in force. However, if single life GAW Installments have been selected for the Income Strategy, then the GLWB will terminate and the assets held in the Covered Fund(s) will be sold and the sales proceeds will be transferred to the Money Market Sub-Account;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the Owner died on or before December 31, 2019 and before the Owner's required beginning date: If a non-Spouse individual is the person entitled to receive benefits upon the Owner's death, subject to rules and restrictions in the Code and regulations, the non-Spouse individual Beneficiary could generally elect to receive the Death Benefit in either a single sum or payout under any of the variable annuity options available under the Contract,

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provided that: (a) such annuity is distributed in substantially equal installments over the life or life expectancy of the Beneficiary; and (b) such distributions begin by the end of the calendar year following the year of the Owner's date of death. This payout option may be further restricted depending on whether there are other Beneficiaries under the Contract. The GLWB will terminate and the assets held in the Covered Fund(s) will be sold and the sales proceeds will be transferred to the Money Market Sub-Account. If Empower did not receive an election from an individual non-Spouse Beneficiary such that substantially equal installments have begun by the end of the calendar year following the year of the Owner's date of death, or if the Beneficiary was not an individual, then the entire amount must be distributed within five years of the Owner's date of death. Special rules applied when an Owner died on or after the Owner's required beginning date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the Owner dies after December 31, 2019 and before the Owner's required beginning date: If a non-Spouse individual who qualifies as an Eligible Designated Beneficiary is the person entitled to receive benefits upon the Owner's death, subject to the rules and restrictions in the Code and regulations, the non-Spouse individual Eligible Designated Beneficiary may generally elect to receive the Death Benefit in either a single sum or payout under any of the variable annuity options available under the Contract, provided that: (a) such annuity is distributed in substantially equal installments over the life or life expectancy of the Eligible Designated Beneficiary; and (b) such distributions begin no later than the end of the calendar year following the year of the Owner's date of death. This payout option may be further restricted depending on (1) whether the Beneficiary is a minor child, and (2) whether there are other Beneficiaries under the Contract. The GLWB will terminate and the assets held in the Covered Fund(s) will be sold and the sales proceeds will be transferred to the Money Market Sub-Account. If Empower does not receive an election from an individual non-Spouse individual Eligible Designated Beneficiary to begin substantially equal installments no later than the end of the calendar year following the year of the Owner's date of death, or if the Non-Spouse Beneficiary is not an Eligible Designated Beneficiary, then the entire amount must be distributed within ten years of the Owner's date of death. Special rules apply if the Beneficiary is not an individual. In addition, special distribution requirements apply when the Owner dies on or after the Owner's required beginning date. Please consult your tax advisor.

#### See "Pre-Selected Beneficiary Payout Options" above for important limitations on a Beneficiary's ability to elect a Death Benefit Payout Option .

#### Death of Annuitant Who is Not the Owner of the Non-Qualified Annuity Contract
***If the Annuitant Dies Before the Annuity Commencement Date*** If the Owner is living and the Annuitant dies before the Annuity Commencement Date, the Contract will continue and no Death Benefit will be payable. If no Contingent Annuitant has been named and no Joint Annuitant has been named, the Owner (or the Grantor if the Owner is a Grantor Trust) will become the Annuitant.

***If the Owner names a Contingent Annuitant prior to the Annuitant's death, and the Annuitant dies before the Annuity Commencement Date while the Owner and Contingent Annuitant are living, no Death Benefit will be payable and the Contingent Annuitant will become the Annuitant.***

***If the Annuitant died after the Annuity Commencement Date, and before the entire interest has been distributed,*** any benefit payable must be distributed to the Beneficiary according to and as rapidly as under the payout option which was in effect on the Annuitant's date of death.

#### Death of Owner of a Non-Qualified Annuity Contract Who Is Not the Annuitant
***If the Owner dies before the Annuity Commencement Date and there is a Joint Owner who is the surviving Spouse of the deceased Owner, the Joint Owner becomes the Owner and Beneficiary and the Joint Owner may elect to take the Death Benefit or to continue the Contract in force.***

***In all other cases,*** we will pay the Death Benefit to the Beneficiary even if a Joint Owner (who was not the Owner's Spouse on the date of the Owner's death), the Annuitant and/or the Contingent Annuitant are alive at the time of the Owner's death, unless the sole Beneficiary is the deceased Owner's surviving Spouse who may elect to become the Owner and Annuitant and to continue the Contract in force.

***If the Owner dies after the Annuity Commencement Date and before the entire interest has been distributed while the Annuitant is living,*** any benefit payable will continue to be distributed to the Annuitant as rapidly as under the payout option applicable on the Owner's date of death. All rights granted the Owner under the Contract will pass to any surviving Joint Owner and, if none, to the Annuitant.

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#### Death of Owner of a Non-Qualified Annuity Contract Who Is the Annuitant
***If there is a Contingent Annuitant and a Joint Owner who is the surviving Spouse of the deceased Owner***, the Joint Owner will become the Owner and the Beneficiary, the Contingent Annuitant will become the Annuitant, and the Contract will continue in force.

***If there is a Joint Owner who is the surviving Spouse of the deceased Owner but no Contingent Annuitant***, the Joint Owner will become the Owner, Annuitant, and Beneficiary and may elect to take the Death Benefit or continue the Contract in force.

***In all other cases***, we will pay the Death Benefit to the Beneficiary, even if a Joint Owner (who was not the Owner's Spouse on the date of the Owner's death) and/or Contingent Annuitant are alive at the time of the Owner's death, unless the sole Beneficiary is the deceased Owner's surviving Spouse who may elect to become the Owner and Annuitant and to continue the Contract in force.

#### If Owner/Annuitant of a Non-Qualified Annuity Contract Dies on or After Annuity Commencement Date
If the Owner/Annuitant died on or after the Annuity Commencement Date, any benefit payable must be distributed to the Beneficiary in accordance with and at least as rapidly as the annuity option in effect on the date of death.

#### Contingent Annuitant
While the Annuitant is living and at least 30 days prior to the Annuity Commencement Date, you may, by written Request, designate or change a Contingent Annuitant from time to time. A change of Contingent Annuitant will take effect as of the date the Request is processed, unless you specify a certain date. You are not required to designate a Contingent Annuitant.

#### Impact of Withdrawals on Guaranteed Minimum Death Benefit (Option 2)
Death Benefit Option 2, which costs more than Death Benefit Option 1, is designed for those who want to potentially receive a higher Death Benefit in the event that the sum of Contributions exceeds Annuity Account Value. If you have selected Death Benefit Option 2, you should be aware that Distributions and Excess Withdrawals will reduce your Death Benefit on a pro-rata basis. However, up to 1.5% annually of your Covered Fund Value may be deducted as a Consultant fee without reducing your Option 2 Death Benefit.

#### Numerical Example
Sum of Contributions to the Investment Strategy and Income Strategy = $50,000

Annuity Account Value = $40,000

Withdrawal amount = $4,000

New Annuity Account Value = $36,000

Adjustment to Death Benefit = ($40,000 – $4,000)/$40,000 = 0.90

Guaranteed Minimum Death Benefit = $45,000 ($50,000 x 0.90)

The Benefit Base has no value and will not affect the Death Benefit.

#### Distribution of Death Benefit for Non-Qualified Annuity Contracts
If an individual Beneficiary is the person entitled to receive benefits upon the Owner's death, such individual may elect, not later than one year after the Owner's date of death, to receive the death benefit in either a single sum or payout under any of the variable annuity options available under the Contract, provided that: (a) such annuity is distributed in substantially equal installments over the life or life expectancy of such Beneficiary; and (b) such distributions begin not later than one year after the Owner's date of death.

If no election is received by the Company from an individual non-Spouse Beneficiary such that substantially equal installments have begun no later than one year after the Owner's date of death, or if the Beneficiary is not an individual then the entire amount must be distributed within five years of the Owner's date of death.

#### Distribution of Death Benefit for Non-Qualified Stretch Annuities
For the distribution of Death Benefit rules applicable to Qualified Annuity Contracts and Non-Qualified Annuity Contracts, see above.

If the Contract was issued as a Non-Qualified Stretch Annuity, the entire interest in the Contract will be paid over a period not extending beyond the Beneficial Owner's life expectancy as defined by the Code (the 'Stretch Payout Period').

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The Stretch Payout Period must begin no later than one year after the date of the deceased Owner's death and payments during the Stretch Payout Period will be made to the Beneficial Owner at least annually. Notwithstanding any prior distribution election, a Beneficial Owner may at any time (a) withdraw the entire remaining value of the Contract in a single sum, or (b) withdraw additional amounts which may result in the reduction of future payments because of the reduction of the value of the Contract.

#### See "Pre-Selected Beneficiary Payout Options" above for important limitations on a Beneficiary's ability to elect a Death Benefit Payout Option .
The Death Benefit will be determined as of the Annuity Commencement Date.

#### CHARGES AND DEDUCTIONS
When each Contribution is made, no amounts will be deducted from it except for any applicable Premium Tax. As a result, the full amount of your Contributions (less any applicable Premium Tax) is invested in the Contract.

As more fully described below, charges under the Contract are assessed only as deductions for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• charges against your Annuity Account Value for our assumption of mortality and expense risks;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fund Facilitation Fee, if applicable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Premium Tax, if applicable; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Guarantee Benefit Fee, if applicable.

The Contract may be available for use with investment accounts at eligible investment advisers or broker/dealers through Consultants that charge an annual fee in lieu of sales charges, or Consultants that charge an annual fee for ongoing investment advisory services. These fees would be specified in the respective agreements between you and your Consultant. Deductions from Annuity Account Value to pay a Consultant fee may not be available through all Consultants or through all financial intermediaries. Any fees and expenses associated with these accounts will be separate from and in addition to the fees and expenses associated with the Contract. If withdrawn from your Annuity Account Value, deductions to pay Consultant fees will reduce your benefits under the Contract. Withdrawals to pay Consultant fees may be taken from other assets managed by your Consultant, if any, rather than from assets held in your Annuity Account Value to avoid reducing your benefits under the Contract. You should ask your Consultant for more details.

#### Mortality and Expense Risk Charge (M&E Charge)
The mortality risk we assume is that Annuitants may live for a longer period of time than we estimate. We assume this mortality risk from our contractual obligations to make annuity payouts determined in accordance with the annuity tables and other provisions contained in the Contract which cannot be changed. This means that you can be sure that neither the Annuitant's longevity nor an unanticipated improvement in general life expectancy will adversely affect the annuity payouts under the Contract. The expense risk we assume is the risk that our actual expenses in administering the Contracts and the Series Account will be greater than we anticipated.

To compensate us for assuming these risks, we deduct an M&E Charge from your Annuity Account Value at the end of each valuation period. If you select Death Benefit Option 1, this is a daily charge equal to an effective annual rate of 0.20%. We guarantee that this charge will never increase beyond 0.20%. If you select Death Benefit Option 2, the M&E Charge is a daily charge equal to an effective annual rate of 0.40%. We guarantee that this charge will never increase beyond 0.40%.

The M&E Charge is reflected in the unit values of each of the Sub-Accounts you have selected. Thus, this charge will continue to be applicable should you choose a variable annuity payout option or a periodic withdrawal option. Annuity Account Values and annuity payouts are not affected by changes in actual mortality experience we incur.

The M&E Charge is higher for Owners who have selected Death Benefit Option 2 because we bear the risk that we may be required to pay an amount to your Beneficiary that is greater than your Annuity Account Value.

If the M&E Charge is insufficient to cover actual costs and risks assumed, we will bear the loss. If this charge is more than sufficient, any excess will be profit for us. Currently, we expect a profit from this charge.

#### Expenses of the Portfolios
The values of the assets in the Sub-Accounts reflect the values of the Sub-Accounts' respective Portfolio shares and therefore the fees and expenses paid by each Portfolio. Fees and expenses are deducted from the assets of the Portfolios and are described in each Portfolio's prospectus.

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#### Premium Tax
We may be required to pay state Premium Taxes or retaliatory taxes currently ranging from 0% to 3.5% in connection with Contributions or values under the Contracts. Depending upon applicable state law, we may deduct charges for the Premium Taxes we incur with respect to your Contributions, from amounts withdrawn, or from amounts applied on the Payout Election Date. In some states, charges for both direct Premium Taxes and retaliatory Premium Taxes may be imposed at the same or different times with respect to the same Contribution, depending on applicable state law.

#### Other Taxes
Under present laws, we will incur state or local taxes (in addition to the Premium Tax described above) in several states. No charges are currently deducted for these taxes. However, we reserve the right to deduct charges in the future for federal, state, and local taxes or the economic burden resulting from the application of any tax laws that we determine to be attributable to the Contract.

#### Fund Facilitation Fee
Sub-Accounts investing in certain of the Investment Strategy Portfolios (called the FFF Portfolios) may be accessed with additional payment of a Fund Facilitation Fee. The Fund Facilitation Fee may also be referred to as a platform charge. The Fund Facilitation Fee is deducted at the end of each valuation period from Sub-Account assets, if any, invested in the FFF Portfolios. The Fund Facilitation Fee is a daily charge equal to an effective annual rate of 0.35%. We guarantee that this charge will never increase beyond 0.35%. The Fund Facilitation Fee is reflected in the Accumulation Unit values of each of the FFF Portfolio Sub-Accounts you have selected. Thus, this charge will continue to be applicable should you choose a variable annuity payout option or a periodic withdrawal option that includes the FFF Portfolio Sub-Accounts.

Empower may profit from the Fund Facilitation Fee, and may use any profit derived for any lawful purpose including payment of expenses that Empower incurs in promoting, marketing, and administering the Contract.

The currently available FFF Portfolios, their investment types, advisers and sub-advisers, current expenses, and past performance are summarized in the chart located in Appendix: Investment Options Available Under the Contract.

#### PERIODIC WITHDRAWALS
You may Request that all or part of the Investment Strategy Account Value be applied to a periodic withdrawal option. All Requests for periodic withdrawals must be in writing. Each periodic withdrawal amount is based on the Investment Strategy Account Value, less Premium Tax, if any, at the time of the withdrawal.

In Requesting periodic withdrawals, you must elect:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The withdrawal frequency of either 1-, 3-, 6- or 12-month intervals;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A minimum withdrawal amount of at least $100;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The calendar day of the month on which withdrawals will begin;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• One of the periodic withdrawal payout options discussed below — you may change the withdrawal option and/or the frequency once each calendar year; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The type of allocation of withdrawals from the Investment Strategy Sub-Accounts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Withdrawals may be prorated across the Investment Strategy Sub-Accounts in proportion to their assets; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Withdrawals may be made from specific Investment Strategy Sub-Account(s). When the specified Investment Strategy Sub-Account(s) is depleted, we will automatically prorate the remaining withdrawals against any remaining Sub-Account assets unless you Request otherwise.

While periodic withdrawals are being received:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may continue to exercise all contractual rights, except that no Contributions may be made;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may keep the same Sub-Accounts as you had selected before periodic withdrawals began; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Charges and fees under the Contract continue to apply.

Periodic withdrawals will cease on the earlier of the date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The amount elected to be paid under the option selected has been reduced to zero;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Investment Strategy Account Value is zero;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You Request that withdrawals stop;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You purchase an annuity payout option; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Owner or the Annuitant dies.

We may limit the number of times you may restart a periodic withdrawal program.

Periodic withdrawals may be taxable, subject to withholding and to the 10% federal additional tax if you are younger than age 59½.

If you choose to receive payouts from your Contract through **periodic withdrawals**, you may select from the following payout options:

**Income for a specified period (at least 36 months)** — You elect the length of time over which withdrawals will be made. The amount paid will vary based on the duration you choose.

**Income of a specified amount (at least 36 months)** — You elect the dollar amount of the withdrawals. Based on the amount elected, the duration may vary.

#### Any other form of periodic withdrawal acceptable to Empower which is for a period of at least 36 months.
In accordance with the provisions outlined in this section, you may Request a periodic withdrawal to remit fees paid to your Consultant. There may be income tax consequences to any periodic withdrawal made for this purpose. Please see "Withdrawals to Pay Consultant Fees" above.

#### ANNUITY PAYOUTS FROM THE INVESTMENT STRATEGY
You can choose the date that you wish annuity payouts from the Investment Strategy to start (the Payout Election Date) either when you purchase the Contract or at a later date. You can change your selection at any time up to 30 days before the annuity date that you have selected.

If you elect to annuitize your Contract, your annuity payouts will be based on the annuity purchase rate guaranteed in your Contract or our current annuity purchase rate, whichever results in a higher annuity payout to you.

If you do not select a Payout Election Date, payouts will begin on the Annuitant's 99th birthday. If the Owner does not initiate Installments under a GLWB Rider, the entire Annuity Account Value will be annuitized at that time and any benefit under a GLWB Rider will terminate. If you have initiated Installments under a GLWB Rider, only the Investment Strategy will be annuitized. Once Installments under a GLWB Rider have begun, the Income Strategy cannot be annuitized.

If you have not elected a payout option within 30 days of the Annuity Commencement Date, your Investment Strategy Account Value will be paid out as a variable life annuity with a guaranteed period of 15 years.

The amount to be paid out will be based on the Investment Strategy Account Value or Annuity Account Value, if applicable, on the Annuity Commencement Date. The minimum amount that may be withdrawn from the Investment Strategy Account Value to purchase an annuity payout option is $2,000. If your Investment Strategy Account Value is less than $2,000, we may pay the amount in a single sum subject to the Contract provisions applicable to a partial withdrawal.

If you choose to receive **variable annuity payouts** from your Contract, you may select from the payout options below. If this is a Qualified Annuity Contract, these payout options may be limited by the required minimum distribution rules in Code Section 401(a)(9). For example, certain guaranteed period durations may not be available and payments may need to be modified after the death of the Annuitant in order to comply with these rules:

**Variable life annuity with guaranteed period** — This option provides for payouts during a guaranteed period or for the lifetime of the Annuitant, whichever is longer. The guaranteed period may be 5, 10 or 15 years.

**Variable life annuity without guaranteed period** — This option provides payouts during the lifetime of the Annuitant. The annuity terminates with the last payout due prior to the death of the Annuitant. Because no minimum number of payouts is guaranteed, this option may offer the maximum level of payouts. It is possible that only one payout may be made if the Annuitant dies before the date on which the second payout is due.

#### Any other form of variable annuity payout that is acceptable to Empower.
Under an annuity payout option, you can receive payouts monthly, quarterly, semi-annually or annually in payments which must be at least $50. We reserve the right to make payouts using the most frequent payout interval which produces a payout of at least $50. Once annuity payouts commence, you cannot make Contributions or take withdrawals, other than your annuity payouts.

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If you elect to receive a single sum payment, the amount paid is the Surrender Value.

#### Amount of First Variable Payout
The first payout under a variable annuity payout option will be based on the value of the amounts held in the Investment Strategy Sub-Accounts or Annuity Account, if applicable, you have selected on the first valuation date preceding the Annuity Commencement Date. We determine the first payout under a variable annuity option by applying the appropriate rate to the amount applied under the payout option. The rate applied reflects an assumed investment return ("AIR") of 2.5%.

For annuity options involving life income, the actual age, year in which annuitization commences and gender of the Annuitant will affect the amount of each payout. We reserve the right to ask for satisfactory proof of the Annuitant's age. We may delay annuity payouts until satisfactory proof is received. Because payouts to older Annuitants are expected to be fewer in number, the amount of each annuity payout under a selected annuity form will be greater for older Annuitants than for younger Annuitants.

If the age of the Annuitant has been misstated, the payouts established will be made on the basis of the correct age. If payouts were too large because of misstatement, we may deduct the difference with interest from the next payout or payouts. If payouts were too small, we may add the difference with interest to the next payout. This interest is at an annual effective rate which will not be less than the minimum rate allowed by law.

#### Annuity Units
We determine the number of Annuity Units paid for each Sub-Account by dividing the amount of the first payout by its Annuity Unit value on the first valuation date preceding the Annuity Commencement Date. The number of Annuity Units used to calculate each payout for a Sub-Account remains fixed during the Annuity Payout Period.

#### Amount of Variable Payouts After the First Payout
Payouts after the first will vary depending upon the investment performance of the Investment Strategy Sub-Accounts. Your payouts will increase in amount over time if the Sub-Accounts you select earn more than the 2.5% AIR. Likewise, your payouts will decrease over time if the Sub-Accounts you select earn less than the 2.5% AIR. We determine the subsequent amount paid from each Sub-Account by comparing the actual performance of the Sub-Account to the AIR.

#### Transfers After the Variable Annuity Commencement Date
Once annuity payouts have begun, Transfers may be made within the variable annuity payout option among the available Investment Strategy Sub-Accounts. Transfers after the Annuity Commencement Date will be made by converting the number of Annuity Units being Transferred to the number of Annuity Units of the Investment Strategy Sub-Account to which the Transfer is made. The result will be that the next annuity payout, if it were made at that time, would be the same amount that it would have been without the Transfer. Thereafter, annuity payouts will reflect changes in the value of the new Annuity Units.

#### Other Restrictions (Investment Strategy Only)
Once payouts start from the Investment Strategy under the annuity payout option you select:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• no changes can be made in the payout option;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• no additional Contributions to the Investment Strategy will be accepted under the Contract; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• no further withdrawals from the Investment Strategy will be allowed, including withdrawals to pay Consultant fees, other than withdrawals made to provide annuity benefits.

A portion or the entire amount of the annuity payouts may be taxable as ordinary income. If, at the Annuity Commencement Date, we have not received a proper written election not to have federal income taxes withheld, we must by law withhold such taxes from the taxable portion of such annuity payouts and remit that amount to the federal government. State income tax withholding may also apply. Please see "Federal Tax Matters" below for details.

#### GUARANTEED LIFETIME WITHDRAWAL BENEFIT
On any business day prior to your 86<sup>th</sup> birthday, you have the option of electing a GLWB Rider by either allocating Contributions to one or more Covered Funds in the Income Strategy at your direction, or by Transferring all or part of your Investment Strategy Account Value to one or more Covered Funds in the Income Strategy at your direction. There is no minimum percent of Annuity Account Value or minimum dollar amount that must be allocated to the Income

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Strategy when electing a GLWB Rider. You are under no obligation to elect a GLWB Rider. If you choose to elect a GLWB Rider, the GLWB Rider will provide you with a Guaranteed Lifetime Withdrawal Benefit, provided all conditions, described below, are met. You may elect only one GLWB Rider.

You may select from three optional GLWB Riders, which are summarized below:

---

| | | | |
|:---|:---|:---|:---|
| | **Great-West <br>Secure Income Plus <br>GLWB Rider**  | **Great-West <br>Secure Income Max <br>GLWB Rider**  | **Great-West <br>Secure Income Foundation <br>GLWB Rider**  |
| Current Guarantee Benefit Fee (as a percentage of your current Benefit Base) | 1.30% | 1.20% | 0.90% |
| Objective | Guaranteed growth, <br>guaranteed income | Maximum <br>income | Low cost, <br>high income |
| Guaranteed Lifetime Income | X | X | X |
| Single or Joint Withdrawal  | X | X | X |
| Wait to Choose Single or Joint | X | X | X |
| Annual Step-up | X | X | X |
| Age Band Income Reset | X | X | X |
| Add $ after Withdrawal Phase Begins | X | X | X |
| Guaranteed Accumulation Credit | X |  |  |
| Enhanced Distribution Credit |  | X |  |

---

The GLWB Riders are similar in most respects except for the GAW% calculation and the Guarantee Benefit Fee; the Great-West Secure Income Plus GLWB Rider also offers an Accumulation Credit (as detailed below), and the Great-West Secure Income Max GLWB Rider also offers a Distribution Credit (as detailed below).

Generally, the GLWB Riders are designed for those who want to be guaranteed higher income regardless of the interest rate environment. Compared to the Great-West Secure Income Foundation GLWB Rider, the Great-West Secure Income Plus GLWB Rider and the Great-West Secure Income Max GLWB Rider offer additional benefits in exchange for a higher Guarantee Benefit Fee.

The Great-West Secure Income Foundation GLWB Rider is generally designed for those who would like to begin receiving lifetime income in the near term; the Great-West Secure Income Plus GLWB Rider is generally designed for those willing to pay more for guaranteed Benefit Base growth provided by the Accumulation Credit before they begin to receive lifetime income; and the Great-West Secure Income Max GLWB Rider is generally designed for those willing to pay more to be eligible for a higher distribution percentage provided by the Distribution Credit by waiting longer than five years before beginning to receive lifetime income.

More information on each of the GLWB Riders is available below and in the Rate Sheet Supplement in effect on the date you signed your application for the Contract (and satisfied the other terms described in this paragraph). Rate Sheet Supplements will disclose the GAW% and the Joint GAW% for all GLWB Riders applicable to applications signed after a specific date. Rate Sheet Supplements will also disclose the Distribution Credit applicable to the Great-West Secure Income Max GLWB Rider, and the Accumulation Credit applicable to the Great-West Secure Income Plus GLWB Rider. The applicable GAW%, Joint GAW%, Accumulation Credit, and Distribution Credit are shown in the Rate Sheet Supplement in effect at the time you signed the application to purchase your Contract, rather than at the time you select a GLWB Rider.

In order to receive the disclosed GAW%, Joint GAW%, Accumulation Credit (for the Great-West Secure Income Plus GLWB Rider), or Distribution Credit (for the Great-West Secure Income Max GLWB Rider), your application must be signed on or after the effective date stated in the Rate Sheet Supplement, your application must be received by us within 10 days of signing, and your initial Contribution must be received by us within 30 days of receipt of your application. If these terms are met, the disclosed rates will apply to your Contract and cannot be changed. The terms of a Rate Sheet Supplement (including GAW%s, Joint GAW%s, Accumulation Credits, and Distribution Credits) with no specified end date may not be amended unless we provide a minimum of 10 business days prior notice. You may contact the Retirement Resource Operations Center at (877) 723-8723 for a copy of the Rate Sheet Supplement applicable to your Contract. The current and any proposed Rate Sheet Supplements may be found on the SEC's website (www.sec.gov)

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by searching with File Number 333-212090. Historical GAW%s, Joint GAW%s, Accumulation Credits, and Distribution Credits reflected in Rate Sheet Supplements may be found in an appendix to this Prospectus, as well as on the SEC's website (www.sec.gov) by searching with File Number 333-212090.

Unless otherwise noted, the following discussion applies to all GLWB Riders.

 **All guarantees are subject to the claims paying ability of Empower. You should consult with a competent advisor regarding whether a particular GLWB Rider is suitable for your needs.**

#### GLWB Accumulation Phase
The GLWB Accumulation Phase begins when you make a GLWB election by investing in a Covered Fund(s) in the Income Strategy. The GLWB Accumulation Phase ends when you elect to begin taking GAWs. During the GLWB Accumulation Phase, a Benefit Base will be established which will be used later to determine, in part, the amount of your GAWs. You may elect the GLWB by allocating Contributions or Transferring Investment Strategy Account Value to the Covered Fund(s) on any Business Day as long as you are younger than age 86 on the GLWB Rider Election Date. We will record the GLWB Rider Election Date.

#### Guarantee Benefit Fee
The annual Guarantee Benefit Fee is assessed quarterly, in arrears, during the GLWB Accumulation Phase and GAW Phase. One-fourth of the Guarantee Benefit Fee is deducted quarterly from your Covered Fund Value no later than the 10th Business Day of the month following the calendar quarter end. The Guarantee Benefit Fee will be calculated based on your Benefit Base, subject to the Benefit Base cap, as of the date of the deduction. If you terminate a GLWB Rider, a final pro-rated Guarantee Benefit Fee will be deducted based on the portion of the last quarter that the GLWB Rider was in effect.

The Benefit Base may or may not equal the Covered Fund Value at the time the Guarantee Benefit Fee is calculated. The Benefit Base will always be greater than or equal to the Covered Fund Value when the Guarantee Benefit Fee is calculated on a Ratchet Date. We reserve the right to change the frequency of the deduction upon sixty (60) days prior written notice. The Guarantee Benefit Fee will not be assessed during the GLWB Settlement Phase.

The first Guarantee Benefit Fee you pay will be pro-rated based on the portion of the quarter in which you allocated Contributions to the Covered Fund(s). The current Guarantee Benefit Fee depends on the GLWB Rider you select, as follows:

---

| | |
|:---|:---|
| **GLWB Rider**  | **Current Guarantee Benefit Fee**  |
| Great-West Secure Income Plus GLWB Rider  | 1.30% of the Benefit Base  |
| Great-West Secure Income Max GLWB Rider  | 1.20% of the Benefit Base  |
| Great-West Secure Income Foundation GLWB Rider  | 0.90% of the Benefit Base |

---

We reserve the right to change the frequency and amount of the Guarantee Benefit Fee at our discretion, including, but not limited to, current market conditions, Owner demand, and changes in the design, upon sixty (60) days prior written notice to you. We determine the Guarantee Benefit Fee based on observations of a number of long-term experience factors, including, but not limited to, interest rates, volatility, investment returns, expenses, mortality, and lapse rates. As an example, if mortality experience improves faster than we have anticipated, and the population in general is expected to live longer than initially projected, we might increase the Guarantee Benefit Fee to reflect our increased probability of paying longevity benefits. However, improvements in mortality experience is provided as an example only. We reserve the right to change the Guarantee Benefit Fee at our discretion, whether or not these experience factors change. We will never increase the fee above the maximum disclosed in the Fee Tables at the beginning of this Prospectus. We do not need any particular event to occur before we may change the Guarantee Benefit Fee.

In the event that we provide you with prior written notice of an increase to the Guarantee Benefit Fee, you may elect to reject the increased Guarantee Benefit Fee in one of two ways. First, you may reject the increased fee by providing a Request to withdraw or Transfer your entire Covered Fund Value from the Income Strategy, thereby reducing your Benefit Base to zero and terminating your GLWB Rider. Second, you may reject the increased fee by providing a Request to allocate your entire Covered Fund Value to the following limited selection of Covered Funds. We may, at our discretion, make other Covered Funds available or cease offering specific Covered Funds; however, in the event that we provide written notice of an increase to the Guarantee Benefit Fee, we will always make available at least one Covered Fund designated for the purpose of avoiding an increased Guarantee Benefit Fee. If we cease offering a specific Covered Fund (or a class of a specific Covered Fund) that you have already invested in, you will be permitted to remain invested in that Covered Fund (or class of that Covered Fund); however, no new Owners or new Contributions will be permitted.

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Empower Conservative Profile Fund (Class L Shares) <br>Empower Moderately Conservative Profile Fund (Class L Shares)

The limited selection of Covered Funds will restrict your Income Strategy allocation options to Covered Funds with investment strategies that do not generally target more than 50% equity exposure. While electing to allocate Covered Fund Value to the specified Covered Funds will prevent an increase in the Guarantee Benefit Fee, this also means foregoing possible market gains in the other Covered Funds, which could reduce your Benefit Base and the value of your GLWB Rider.

Prior to notice of an increase to the Guarantee Benefit Fee, you are under no obligation to allocate Covered Fund Value to the above Covered Funds. However, if we provide such notice, to avoid a Guarantee Benefit Fee increase we must receive your Request to allocate your entire Covered Fund Value to the above Covered Funds prior to the effective date of the increase, or such date as specified in the prior written notice we provide to you. In the event that we provide you with prior written notice of an increase to the Guarantee Benefit Fee, you should carefully consider whether to accept or reject the Guarantee Benefit Fee increase.

**If you do not elect to reject the increased Guarantee Benefit Fee, the increased Guarantee Benefit Fee will apply to your GLWB Rider as of the effective date of the increase.**

#### The Covered Fund(s)
A GLWB Rider only applies to Covered Funds that Empower approves for use in the Income Strategy. The currently available Covered Funds, their investment types, advisers and sub-advisers, current expenses, and past performance are summarized in the chart located in Appendix: Investment Options Available Under the Contract. Based on marketing, tax, investment, and other conditions, we may make new Covered Funds available to Owners at our discretion.

We may, without your consent, offer new Covered Funds or cease offering Covered Funds. We will notify you whenever the Covered Funds are changed. Changes to Covered Funds will only apply to additional Contributions or Transfers made after the Covered Fund ceases to be offered. If a Covered Fund is closed, you will maintain your Benefit Base in that Covered Fund and all rights under a GLWB Rider unless you Transfer assets out of the Covered Funds or terminate your Contract. Empower will complete the allocations between the Covered Funds as of the effective date of the change. Such allocation will remain in effect until you Request a different allocation.

We limit the number and type of Covered Funds available for use in the Income Strategy to reduce our risk exposure in providing the guarantees associated with GLWB Riders. Although the Covered Funds are not managed volatility funds and do not employ a managed volatility strategy, the balanced nature of the Covered Funds may limit the return on your investment. Our selection of approved Covered Funds may create a conflict of interest, because an affiliated investment adviser manages the Covered Fund(s) and we may derive greater revenues from affiliated Covered Funds than certain other Sub-Accounts available under the Contract. Restricting the selection of approved Covered Funds may reduce the likelihood that Empower will have to make payments under the GLWB Riders.

#### Covered Fund Value
Your Covered Fund Value is the aggregate value of each Covered Fund. Your Covered Fund Value may increase with positive market performance or by Contributions to the Income Strategy. Your Covered Fund Value may decrease with negative market performance, deduction of the Guarantee Benefit Fee or by taking an Excess Withdrawal or Guaranteed Annual Withdrawals. Your Guarantee Benefit Fee will be calculated based on your Benefit Base as of the date the fee is deducted each quarter.

#### The Benefit Base
The Benefit Base is separate from your Covered Fund Value. It is not a cash value. Rather, your Benefit Base is used to calculate your GAW during the GAW Phase and the GLWB Settlement Phase. Your Benefit Base and your Covered Fund Value may not be equal to one another. Although your Benefit Base is related to your Covered Fund Value, in that your Benefit Base will be ratcheted up if the Covered Fund Value is greater than your Benefit Base on the Ratchet Date, at all other times during the year your Covered Fund Value may be higher or lower than the Benefit Base depending on market performance and other factors impacting the Covered Fund. Your Initial Benefit Base is the sum of all GLWB Rider Contributions initially allocated to the Covered Fund(s) in the Income Strategy on the GLWB Rider Election Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We **increase** your Benefit Base on a dollar-for-dollar basis each time you make a GLWB Rider Contribution to a Covered Fund(s);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We **decrease** your Benefit Base on a proportionate basis each time you make an Excess Withdrawal;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• On each Ratchet Date during the GLWB Accumulation Phase and the GAW Phase, we will **increase** your Benefit Base to equal your current Covered Fund Value if your Covered Fund Value is greater than your Benefit Base (if so, your Benefit Base will then reflect positive Covered Fund performance); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• On each Ratchet Date during the GAW Phase, we will adjust your Benefit Base to equal your Current Covered Fund Value if an age reset calculation results in a higher GAW Amount (see "Reset of the GAW% During the GAW Phase" below).

A few things to keep in mind regarding the Benefit Base:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Benefit Base is used only for purposes of calculating your Installment Payments during the GAW Phase and the GLWB Settlement Phase. It has no other purpose. The Benefit Base does not provide and is not available as a cash value or settlement value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• It is important that you do not confuse your Benefit Base with the Covered Fund Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• During the GLWB Accumulation Phase and the GAW Phase, the Benefit Base will be recalculated on an annual basis, as described below, and each time you make a GLWB Rider Contribution or take an Excess Withdrawal.

#### Subsequent Contributions to Your Covered Fund(s)
During the GLWB Accumulation Phase, you may make additional GLWB Rider Contributions to the Covered Fund(s) in addition to your initial GLWB Rider Contribution. Additional Contributions may be made during the GAW Phase. Any subsequent GLWB Rider Contribution is subject to any minimum investment or transfer requirements imposed by the Contract.

All additional GLWB Rider Contributions made after the GLWB Rider Election Date will increase the Benefit Base dollar-for-dollar on the date the GLWB Rider Contribution is made. Although a GLWB Rider Contribution will increase your Benefit Base, it will not automatically reset your Installment amount. Contact our office if you would like to increase Installments to your maximum allowed. We will not consider the additional purchase of shares of a Covered Fund(s) through reinvested dividends, capital gains, and/or settlements to be a GLWB Rider Contribution. However, they will increase the Covered Fund Value.

If Empower refuses to accept additional Contributions (see "Rights Reserved by Empower" below), you will retain all other rights under the GLWB Rider, including the right to make Transfers from the Investment Strategy to the Income Strategy.

#### Annual Adjustments to Your Benefit Base
During the GLWB Accumulation Phase, a Ratchet Date is the anniversary of the Owner's GLWB Rider Election Date and each anniversary thereafter. On each Ratchet Date, we will evaluate your Benefit Base, and will adjust your Benefit Base to equal the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your current Benefit Base; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your current Covered Fund Value.

Even though your Covered Fund Value may increase throughout the year due to capital appreciation, the Benefit Base will not similarly increase until the next Ratchet Date. Unlike Covered Fund Value, your Benefit Base will never decrease solely due to negative Covered Fund(s) performance.

Annual adjustments to your Benefit Base will not impact your Covered Fund Value. Your Covered Fund Value can only increase or decrease as described above.

Under the Great-West Secure Income Plus GLWB Rider, Accumulation Credits may further increase the annual adjustments to your Benefit Base. For information on annual adjustments to your Benefit Base under the Great-West Secure Income Plus GLWB Rider, see below.

#### Benefit Base Cap
The Benefit Base may not exceed $5 million. Any Covered Fund Value over $5 million will be considered excess Covered Fund Value and will not be used to calculate GAWs. An Owner may Transfer or Distribute any excess Covered Fund Value on a dollar for dollar basis without reducing the Benefit Base and such transfers will not be considered an Excess Withdrawal. However, if the Covered Fund Value falls below $5 million due to an Excess Withdrawal, the Benefit Base will be adjusted as described below.

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#### Excess Withdrawals
The Benefit Base may be adjusted as a result of Excess Withdrawals. During the GLWB Accumulation Phase, except as described above with respect to the Benefit Base cap and except for the M&E Charge, Guarantee Benefit Fee, and withdrawals to pay Consultant fees up to 1.5% of Covered Fund Value, any withdrawals or Transfers from your Covered Fund Value will be categorized as Excess Withdrawals. This may include Transfers from the Income Strategy Covered Fund(s) to any Investment Strategy Portfolio.

You may make withdrawals or change your investments at any time and in any amount that you wish, subject to any federal tax limitations. Additionally, any withdrawals to satisfy your required minimum distribution obligations under the Code (Qualified Annuity Contract Owners only) will be considered an Excess Withdrawal if taken during the GLWB Accumulation Phase.

You should carefully consider the effect of an Excess Withdrawal on both the Benefit Base and the Covered Fund Value during the GLWB Accumulation Phase, as this may affect your future benefits under a GLWB Rider. **You are solely responsible for any adverse consequences that may result from any Distributions or withdrawals. You should consult with a financial advisor prior to taking a Distribution or making a withdrawal.** In the event you decide to take an Excess Withdrawal, as discussed below, your Covered Fund Value will be adjusted dollar-for-dollar in the amount of the Excess Withdrawal. The Benefit Base will be adjusted at the time the Excess Withdrawal is made by the ratio of the Covered Fund Value immediately after the Excess Withdrawal to the Covered Fund Value immediately before the Excess Withdrawal. **Accordingly, your Benefit Base could be reduced by more than the amount of the withdrawal.**

#### Types of Excess Withdrawals
A Distribution (when an amount is paid to you out of your Covered Fund Value) or Transfer (the movement of money from a Covered Fund to any Investment Strategy Sub-Account) during the GLWB Accumulation Phase is considered an Excess Withdrawal. During the GLWB Accumulation Phase, except as described above with respect to the Benefit Base cap and except for the M&E Charge, Guarantee Benefit Fee, and withdrawals to pay Consultant fees up to 1.5% of Covered Fund Value, any withdrawals or Transfers from your Covered Fund Value will be categorized as Excess Withdrawals. An Excess Withdrawal will reduce your Benefit Base and Covered Fund Value. In any year in which there is an Excess Withdrawal, the Accumulation Credit under the Great-West Secure Income Plus GLWB Rider will be zero. If you Transfer any amount from a Covered Fund to an investment option that is not a Covered Fund, then you will be prohibited from making any Transfers into a Covered Fund for at least ninety (90) calendar days.

#### Numerical Example
Excess Withdrawals during the GLWB Accumulation Phase are illustrated as follows:

Covered Fund Value before the Excess Withdrawal adjustment = $50,000

Benefit Base = $100,000

Excess Withdrawal amount: $10,000

Covered Fund Value after adjustment= $50,000 - $10,000 = $40,000

Covered Fund Value adjustment = $40,000/$50,000 = 0.80

Adjusted Benefit Base = $100,000 x 0.80 = $80,000

#### Fees Associated with the Covered Fund(s)
The Guarantee Benefit Fee, the M&E Charge, and any Consultant fees or charges assessed to the Covered Fund Value, as directed by you or your Consultant on your behalf and as agreed to by Empower, will not be treated as an Excess Withdrawal, subject to the limitation described in this section.

You may make a withdrawal of up to 1.5% annually of the Covered Fund Value to pay for asset management or advisory service fees associated with the Income Strategy without the withdrawal being considered an Excess Withdrawal. If these fees exceed 1.5% annually of the Covered Fund Value, and the entire amount of the fees are withdrawn from the Covered Fund Value, the amount withdrawn above the 1.5% annual limit will be considered an Excess Withdrawal and will reduce the Benefit Base and GAWs as described above. You should discuss the impact of deducting Consultant fees from Annuity Account Value with a financial professional prior to making any election.

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#### Treatment of a Distribution During the GLWB Accumulation Phase
At the time of any partial or periodic Distribution, if the Covered Person is 59½ years of age or older, you may elect to begin the GAW Phase (as described below) and begin receiving GAWs at that time. If you choose not to begin the GAW Phase, the Distribution will be treated as an Excess Withdrawal and will reduce your Covered Fund Value and your Benefit Base (as described above).

If the Covered Person is not yet 59½ years old, then any partial or periodic Distribution will be treated as an Excess Withdrawal as described above.

Any Distribution made during the GLWB Accumulation Phase to satisfy any distribution limitation imposed under federal law will be considered an Excess Withdrawal at all times. You should consult a qualified tax advisor regarding IRA contribution limits and other tax implications.

#### Death During the GLWB Accumulation Phase
If an Owner dies before the Initial Installment Date, the GLWB will terminate and the Covered Fund Value will be paid to the Beneficiary in accordance with the terms of the Contract (unless a Spouse Beneficiary makes an election to continue the Contract as provided in this section).

If a Spouse Beneficiary who was legally married to the deceased Owner under applicable law as of the date of death becomes the sole Owner and Beneficiary under the terms of the Contract, the Spouse Beneficiary may continue the Contract and maintain the deceased Owner's current Benefit Base as of the date of death. In this case, the Ratchet Date will continue to be the same date as it was under the deceased Owner. A Spouse Beneficiary also has the option to establish a new GLWB Rider Election Date with a new Benefit Base based on the current Covered Fund Value. In this case, the Ratchet Date will be the anniversary of the new GLWB Rider Election Date. In either situation, the Spouse Beneficiary will become the sole Owner. The new Owner will be subject to all terms and conditions of the GLWB Rider, Contract and the Code, if applicable. Any election made by a Spouse Beneficiary pursuant to this section is irrevocable.

A non-Spouse Beneficiary cannot elect to maintain the Benefit Base. Upon the death of the Owner, the deceased Owner's Covered Fund Value will be liquidated and will be transferred into the Money Market Sub-Account and distributed to the non-Spouse Beneficiary.

When the Contract is owned by a Non-Grantor Trust, upon the death of the Annuitant, the Covered Fund Value will be liquidated and transferred into the Money Market Sub-Account, and the Death Benefit payable under the Contract will be paid. If either Joint Annuitant dies, the GLWB will continue with the remaining single Annuitant in accordance with the death distribution rules under the Code unless the Owner elects to receive the Death Benefit.

If the Owner has elected a Pre-Selected Beneficiary Payout Option and a Beneficiary is not entitled to continue the Contract, the Covered Fund Value will be liquidated and transferred into the Money Market Sub-Account, and then distributed to the Beneficiary according to the terms of the Pre-Selected Beneficiary Payout Options elected. See "Pre-Selected Beneficiary Payout Options" above for more information.

#### GAW Phase
The GAW Phase begins when you elect to receive GAWs under a GLWB Rider. The GAW Phase continues until the Covered Fund Value reaches zero and the GLWB Settlement Phase begins. The GAW Phase cannot begin until all Covered Persons attain age 59½.

**To initiate the GAW Phase, you must submit a written Request to Empower.** At that time, you must provide sufficient documentation in good order and in a manner reasonably satisfactory to Empower for Empower to determine the age of each Covered Person. You may also begin the GAW Phase by initiating a Distribution while you are in the GLWB Accumulation Phase and the Covered Person(s) is 59½ years of age or older. At that time, you may elect to begin receiving Installments and establish your GAW%. If you choose not to initiate the GAW Phase, the Distribution will be treated as an Excess Withdrawal and the GAW Phase will not begin. If the Covered Person(s) is not yet 59½ years old, then any partial or periodic Distribution will be treated as an Excess Withdrawal and the GAW Phase will not begin. In these situations, the Benefit Base will be adjusted by the ratio of the Covered Fund Value after the Excess Withdrawal to the previous Covered Fund Value.

**Because the GAW Phase cannot begin until all Covered Persons under a GLWB Rider attain age 59½**, any Distributions taken before then will be considered Excess Withdrawals and will be deducted from the Covered Fund Value and Benefit Base. See "GLWB Accumulation Phase" above for more information.

Because of decreasing life expectancy as you age, in certain circumstances, the longer you wait to start taking GAWs, the less likely it is that you will benefit from your GLWB Rider. On the other hand, the earlier you begin taking GAWs,

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the lower the GAW Percentage you will receive and therefore the lower your GAWs (if any) will be. You should talk to your financial advisor or tax advisor before initiating the GAW Phase to determine the most financially beneficial time for you to begin taking GAWs.

#### Calculation of Guaranteed Annual Withdrawals
Please note how the GAW is calculated because it will affect the benefits you receive under a GLWB Rider. Once you initiate the GAW Phase by submitting a Request to begin receiving GAW payments, we will verify the age of the Covered Person(s) and then determine the amount of the GAW.

To determine the amount of the GAW under the Secure Income Foundation and Secure Income Max GLWB Riders, we will compare the current Benefit Base to the current Covered Fund Value on the Initial Installment Date. To determine the amount of the GAW under the Secure Income Plus GLWB Rider, we will compare the current Benefit Base plus the Ratchet year's portion of the annual roll-up amount to the current Covered Fund Value on the Initial Installment Date. If the Covered Fund Value is greater than the Benefit Base, we will increase the Benefit Base to equal the Covered Fund Value, and the GAW will be based on the increased Benefit Base amount.

During the GAW Phase, your Benefit Base may receive an annual adjustment. This adjustment is discussed below, and, if applicable, will occur on your Ratchet Date. Your Ratchet Date will become the anniversary of the Initial Installment Date and will no longer be the anniversary of the GLWB Rider Election Date as it was during the GLWB Accumulation Phase.

We use your Benefit Base to calculate the GAW you receive. However, even though the Benefit Base may be adjusted annually, your GAW% will not change unless there is a reset based on the age of the Covered Person(s). See "Annual Review of Your GAW%" below.

To calculate the GAW, based on the age of the Covered Person on the Initial Installment Date, we multiply the Benefit Base by the GAW% contained in the Rate Sheet Supplement in effect at the time you signed the application to purchase your Contract, rather than the time you choose to elect a GLWB Rider. The amount of the Installment equals the GAW divided by the number of payments per year under the Installment Frequency Option you have chosen. We may allow Installments that annually total less than the GAW. If the total GAW amount is not taken as Installments, the amount not taken does not increase future Installments.

Historical GAW%s, Joint GAW%s, Accumulation Credits, and Distribution Credits reflected in Rate Sheet Supplements may be found in an appendix to this Prospectus, as well as on the SEC's website (www.sec.gov) by searching with File Number 333-212090.

#### Installments during the GAW Phase will reduce your Covered Fund Value on a dollar-for-dollar basis, but they will not reduce your Benefit Base.
Any election which affects the calculation of the GAW is irrevocable. Please consider all relevant factors when making an election to begin the GAW Phase. For example, an election to begin receiving Installments based on a sole Covered Person cannot subsequently be changed to Joint Covered Persons once the GAW Phase has begun. Similarly, an election to receive Installments based on Joint Covered Persons cannot subsequently be changed to a sole Covered Person. Installments will reduce the Covered Fund Value on a dollar-for-dollar basis.

#### Installment Frequency Options
You may elect to receive Installments on any of the following frequency periods: annually, semi-annually, quarterly, or monthly. You may Request to change the Installment Frequency Option starting on each Ratchet Date during the GAW Phase.

#### Lump Sum Distribution Option
At any time during the GAW Phase, if you are receiving Installments more frequently than annually, you may elect to take a lump sum Distribution up to the remaining scheduled amount of the GAW for that year.

#### Numerical Example of Lump Sum Distribution
Assume the following:

GAW = $4,800 with a monthly distribution of $400

Three monthly Installments have been made (3 x $400 = $1,200)

Remaining GAW = GAW - paid Installments to date = $4,800 - $1,200 = $3,600

So, a Lump Sum Distribution of $3,600 may be taken.

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#### Suspending and Re-Commencing Installments After a Lump Sum Distribution
It is your responsibility to Request the suspension of the remaining Installments that are scheduled to be paid during the year until the next Ratchet Date. If you choose not to suspend the remaining Installments for the year, an Excess Withdrawal may occur. See "Effect of Excess Withdrawals During the GAW Phase" described below.

After receiving a Lump Sum Distribution and suspending Installments, you must notify Empower that you wish to recommence Installment payments for the next year. Empower must receive notice 30 calendar days before the next Ratchet Date that you wish to recommence payments; otherwise, Empower will not make any Installments. The Ratchet Date will not change if Installments are suspended.

**The Owner is solely responsible for any adverse consequences that may result of any Distributions or withdrawals. The Owner should consult with a financial advisor prior to making any withdrawals.**

#### Payments on Death During GAW Phase
***If an Owner Dies After the Initial Installment Date as a Single Covered Person for Non-Qualified Annuity Contracts*** If an Owner dies after the Initial Installment Date without a second Covered Person, the GLWB will terminate and no further Installments will be paid. If the death occurs before the GLWB Settlement Phase, the remaining Covered Fund Value will be liquidated and will be transferred into the Money Market Sub-Account and distributed to the Beneficiary. If permitted by the Contract and the Code, if applicable, the surviving spouse Beneficiary may elect to have a new Contract issued with the surviving spouse Beneficiary as the sole Owner and Covered Person, in which event an initial Benefit Base will be established and he or she will be subject to all terms and conditions of the Contract and the Code, if applicable. Any election made by the surviving spouse Beneficiary is irrevocable.

If the Owner has elected a Pre-Selected Beneficiary Payout Option, the Covered Fund Value will be liquidated and transferred into the Money Market Sub-Account, and then distributed to the Beneficiary according to the terms of the Pre-Selected Beneficiary Payout Options elected. See "Pre-Selected Beneficiary Payout Options" above for more information.

***If an Owner Dies After the Initial Installment Date while Second Covered Person is Living for Non-Qualified Annuity Contracts*** Upon the death of an Owner after the Initial Installment Date, and while a second Covered Person who was legally married to the deceased Owner under applicable law on the date of death is still living, the surviving Covered Person will become the sole Owner and Beneficiary (if permitted by the terms of the Contract and the Code, if applicable), and he or she will acquire all rights under the Contract and will continue to receive GAWs based on the deceased Owner's election. Installments may continue to be paid to the surviving Covered Person based on the GAW% for Joint Covered Persons. Installments will continue to be paid to the surviving Covered Person until his or her death and, upon death, the surviving Covered Person's beneficiary will receive any remaining Covered Fund Value if such death occurs before the GLWB Settlement Phase. Alternatively, the surviving Covered Person may elect to receive his or her portion of the Covered Fund Value as a lump sum Distribution. In either situation the Ratchet Date will be the date when the Annuity Account is established.

For Contracts owned by Non-Grantor Trusts, Installments will continue to be paid to the surviving Covered Person in accordance with permissible distributions under the Code and other applicable state and federal laws, rules, and regulations governing such benefit payments. Alternatively, the surviving Covered Person may elect to receive his or her portion of the Covered Fund Value as a lump sum Distribution. The Ratchet Date will be the date when the Annuity Account is established.

If the Owner has elected a Pre-Selected Beneficiary Payout Option and the Beneficiary is not entitled to continue the Contract, the Covered Fund Value will be liquidated and transferred into the Money Market Sub-Account, and then distributed to the Beneficiary according to the terms of the Pre-Selected Beneficiary Payout Options elected. See "Pre-Selected Beneficiary Payout Options" above for more information.

To the extent the surviving Covered Person/Beneficiary becomes the sole Owner, he or she will be subject to all terms and conditions of the Contract, the GLWB Rider and the Code, if applicable.

Any election made by the Beneficiary pursuant to this section is irrevocable.

**If the Owner Dies After the Initial Installment Date as a Single Covered Person for Qualified Annuity Contracts** If the Owner dies after the Initial Installment Date without a second Covered Person, the GLWB will terminate and no further Installments will be paid. If the death occurs before the GLWB Settlement Phase, the remaining Covered Fund Value will be distributed to the Beneficiary in accordance with the terms of the Contract. If permitted by the Contract and the Code, the Owner's Beneficiary may elect to continue the Contract in which event an initial Benefit Base will be established and he or she will be subject to all terms and conditions of the GLWB Rider and the Code. Any election made by the Beneficiary is irrevocable.

If the Owner has elected a Pre-Selected Beneficiary Payout Option and the Beneficiary is not entitled to continue the Contract, the Covered Fund Value will be liquidated and transferred into the Money Market Sub-Account, and then

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distributed to the Beneficiary according to the terms of the Pre-Selected Beneficiary Payout Options elected. See "Pre-Selected Beneficiary Payout Options" above for more information.

***If the Owner Dies After the Initial Installment Date while Second Covered Person is Living for Qualified Annuity Contracts*** Upon the death of an Owner after the Initial Installment Date, and while the second Covered Person is still living, the second surviving spouse Covered Person/Beneficiary may elect to become an Owner (if permitted by the Contract and the Code) and he or she will acquire all rights under the GLWB Rider and continue to receive GAWs based on the original Owner's election. Installments may continue to be paid to the surviving Covered Person based on the GAW% for Joint Covered Persons. Installments will continue to be paid to the surviving Covered Person until his or her death and, upon death, the surviving Covered Person's beneficiary will receive any remaining Covered Fund Value. Alternatively, he or she may elect to receive his or her portion of the Covered Fund Value as a lump sum Distribution or can separately elect to become an Owner. In either situation the Ratchet Date will be the date when the Account is established.

For Contracts owned by Non-Grantor Trusts, Installments will continue to be paid to the surviving Covered Person in accordance with permissible distributions under the Code and other applicable state and federal laws, rules, and regulations governing such benefit payments. Alternatively, the surviving Covered Person may elect to receive his or her portion of the Covered Fund Value as a lump sum Distribution. The Ratchet Date will be the date when the Annuity Account is established.

If the Owner has elected a Pre-Selected Beneficiary Payout Option and the Beneficiary is not entitled to continue the Contract, the Covered Fund Value will be liquidated and transferred into the Money Market Sub-Account, and then distributed to the Beneficiary according to the terms of the Pre-Selected Beneficiary Payout Options elected. See "Pre-Selected Beneficiary Payout Options" above for more information.

To the extent the Beneficiary becomes an Owner, he or she will be subject to all terms and conditions of the GLWB Rider and the Code.

#### Effect of Excess Withdrawals During the GAW Phase
After the Initial Installment Date, the portion of Distributions or Transfers, that, combined with all other amounts, exceeds the GAW amount will be considered an Excess Withdrawal. The Benefit Base will be adjusted by the ratio of the new Covered Fund Value (after the Excess Withdrawal) to the previous Covered Fund Value (before the Excess Withdrawal). If an Excess Withdrawal occurs, the GAW and current Benefit Base will be adjusted on the next Ratchet Date.

If an Owner Requests a Distribution or Transfer over the telephone, Empower will advise the Owner whether such Distribution or Transfer will be considered an Excess Withdrawal and/or advise the maximum amount that he or she could receive prior to the Distribution or Transfer being considered an Excess Withdrawal. Alternatively, if an Owner makes a Request in writing, Empower will advise the Owner that Excess Withdrawals could reduce future benefits by more than the dollar amount of the Excess Withdrawal and that the Owner may contact Empower by telephone to determine whether, as of the date of the Request, the Requested Distribution or Transfer would be considered an Excess Withdrawal. The actual dollar effect of such Distribution or Transfer will be determined as of the date that Empower receives the Request, subject to the terms set forth in the written Request.

#### Numerical Example
Assume the following:

Covered Fund Value before GAW = $55,500

Benefit Base = $100,000

GAW% =5.5%

GAW Amount = $100,000 x 5.5% = $5,500

#### Total Annual withdrawal =$10,500
Excess withdrawal = $10,500 - $5,500 = $5,000

Covered Fund Value after GAW = $55,000 - $5,500 = $50,000

Covered Fund Value after Excess Withdrawal =$50,000 - $5,000 = $45,000

Adjustment due to Excess Withdrawal = $45,000/$50,000 = 0.90

Adjusted Benefit Base = $100,000 x 0.90 = $90,000

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Adjusted GAW Amount = $90,000 x 5.5% = $4,950

(Assuming no GAW increase on succeeding Ratchet Date)

#### GLWB Settlement Phase
The GLWB Settlement Phase begins when the Covered Fund Value has reduced to zero as a result of negative Covered Fund(s) performance, payment of the Guarantee Benefit Fee, M&E Charge, and/or GAWs, but the Benefit Base is still positive.

When the GLWB Settlement Phase begins, if the remaining Covered Fund Value is less than the amount of the final Installment in the GAW Phase, Empower will pay the remaining balance of the Installment within 7 days from the Installment Date. Installments continue for your life under the terms of the GLWB Rider, but all other rights and benefits under the GLWB Rider will terminate. Installments will continue in the same frequency as previously elected, and cannot be changed during the GLWB Settlement Phase. Installments from one anniversary to the next will equal the Guaranteed Annual Withdrawal Amount.

Distributions and Transfers are not permitted during the GLWB Settlement Phase.

During the GLWB Settlement Phase, the Guarantee Benefit Fee will not be deducted. When the last Covered Person dies during the GLWB Settlement Phase, the GLWB Rider will terminate and no Installments will be paid to the Beneficiary.

#### Divorce and the Income Strategy
Certain elections described below may have adverse tax consequences. Please consult your tax adviser.

#### Divorce During the GLWB Accumulation Phase — Non-Qualified Annuity Contracts
If the Annuity Account is transferred or split pursuant to a settlement agreement or a court-issued divorce Decree before the Initial Installment Date, the Owner(s) must immediately notify us and provide a copy of the Decree and any other information that we may require.

If the former Spouse of the Owner becomes the sole Owner of the Annuity Account by a settlement agreement or a court-issued divorce Decree, the Owner may Request that the Contract be reissued with the former Spouse as the sole Owner, otherwise the Contract and GLWB Rider will be terminated. If the Contract is so reissued, the current Benefit Base will be maintained.

If the Annuity Account is divided between the Owner and the Owner's former Spouse by a settlement agreement or a court-issued divorce Decree, the Owner's current Contract will be maintained and a new Contract will be issued to the former Spouse. The Benefit Base will be divided in the same proportion as the respective Covered Fund Values as of the date of issuance.

#### Divorce During the GLWB Accumulation Phase — Qualified Annuity Contracts
Pursuant to Section 408(d)(6) of the Code and the regulations thereunder, Empower will make payment to the Alternate Payee and/or establish an Annuity Account on behalf of the Alternate Payee named in a Decree received during the GLWB Accumulation Phase. The Alternate Payee will be responsible for submitting a Request to begin Distributions in accordance with the Code.

If the Alternate Payee named in the Decree is the Owner's Spouse during the GLWB Accumulation Phase, he or she may elect to become an Owner, either by maintaining the current Benefit Base of the previous Owner, divided pursuant to the terms of the Decree, or establishing a new Benefit Base based on the current Covered Fund Value on the date his or her Annuity Account is established and he or she will continue as an Owner. If the Alternate Payee elects to maintain the current Benefit Base, the Benefit Base will be divided between the Owner and the Alternate Payee in the same proportion as their respective Covered Fund Values pursuant to the terms of the Decree. In either situation, the Alternate Payee's Election Date will be the date the Annuity Account is established.

To the extent that the Alternate Payee becomes an Owner, she or he will be subject to all terms and conditions of the Contract.

Any election made by the Alternate Payee pursuant to this section is irrevocable.

#### Divorce During the GAW Phase — Non-Qualified Annuity Contracts
If the Annuity Account is transferred or split pursuant to a settlement agreement or a court-issued divorce Decree after the Initial Installment Date but before the GLWB Settlement Phase, the Owner(s) must immediately notify Empower and provide the information that Empower requires.

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Pursuant to the agreement or Decree, if there is a single Covered Person, the Benefit Base and GAW will be divided between the Spouses in the same proportion as their respective Covered Fund Values as of the effective date of the agreement or Decree. The Owner may continue to receive proportional GAWs after the Annuity Accounts are split. The former Spouse may elect to receive his or her portion of the Covered Fund Value as a lump sum Distribution or can separately elect to become an Owner and receive his or her proportional GAWs.

Pursuant to the agreement or Decree, if there are two Covered Persons, the Benefit Base and GAW will be divided in the same proportion as their respective Covered Fund Values as of the effective date of the agreement or Decree. The Owner may continue to receive the proportional GAWs after the Annuity Accounts are split, based on the amounts calculated pursuant to the Joint GAW%. The former Spouse may elect to receive his or her portion of the Covered Fund Value as a lump sum Distribution or can separately elect to continue proportionate GAWs in the GAW Phase based on the amounts calculated pursuant to the Joint GAW% after the Annuity Accounts are split. A new Installment anniversary date will be established for the former Spouse on the date the Annuity Accounts are split.

In the alternative, the former Spouse may establish a new GLWB in the GLWB Accumulation Phase with the Benefit Base based on the current Covered Fund Value on the date his or her Annuity Account is established.

To the extent that the former Spouse becomes an Owner, he or she will be subject to all terms and conditions of the GLWB Rider and the Code.

Any election made by the former Spouse pursuant to this section is irrevocable.

The treatment of Non-Qualified Annuity Contracts held as an investment in a custodial IRA will be governed by the divorce Decree as it applies to the IRA.

#### Divorce During the GAW Phase — Qualified Annuity Contracts
Pursuant to Section 408(d)(6) of the Code and the regulations thereunder, Empower will make payment to the Alternate Payee and/or establish an Annuity Account on behalf of the Alternate Payee named in a Decree approved during the GAW Phase. The Alternate Payee will be responsible for submitting a Request to begin Distributions in accordance with the Code.

Pursuant to the instructions in the Decree, if there is a single Covered Person, the Benefit Base and GAW will be divided in the same proportion as their respective Covered Fund Values as of the effective date of the Decree. The Owner may continue to receive the proportional GAWs after the Annuity Accounts are split. If the Alternate Payee is the Owner's Spouse, he or she may elect to receive his or her portion of the Covered Fund Value as a lump sum Distribution or can separately elect to become an Owner.

Pursuant to the instructions in the Decree, if there are two Covered Persons, the Benefit Base and GAW will be divided in the same proportion as their respective Covered Fund Values as of the effective date of the Decree. The Owner may continue to receive the proportional GAWs after the Annuity Accounts are split, based on the amounts calculated pursuant to the Joint Covered Persons GAW%. If the Alternate Payee is the Owner's Spouse, he or she may elect to receive his or her portion of the Covered Fund Value as a lump sum Distribution or can separately elect to continue proportionate GAWs in the GAW Phase based on the amounts calculated pursuant to the Joint Covered Persons GAW% after the Annuity Accounts are split. A new Installment anniversary date will be established for the Alternate Payee on the date the Annuity Accounts are split.

In the alternative, the Alternate Payee may establish a new GLWB in the GLWB Accumulation Phase with the Benefit Base based on the current Covered Fund Value on the date his or her Annuity Account is established.

To the extent that the Alternate Payee becomes an Owner, he or she will be subject to all terms and conditions of the GLWB Rider and the Code.

Any election made by the Alternate Payee pursuant to this section is irrevocable.

#### Divorce During the GLWB Settlement Phase
If a Request is made in connection with a divorce, Empower will divide the Installment pursuant to the terms of any settlement or divorce Decree. Installments will continue pursuant to the lives of each payee.

#### Termination of a GLWB Rider
A GLWB Rider will terminate upon the earliest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date of death of the Owner if there is no surviving Covered Person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date of death of the Annuitant if there is no surviving Covered Person of a Contract held by a Non-Grantor Trust;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date Death Benefits are paid to the Owner of a Contract held by a Non-Grantor Trust;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date there is no longer a Covered Person under the GLWB Rider;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date the Contract is terminated;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date the Covered Fund Value or Benefit Base is reduced to zero prior to the GLWB Settlement Phase due to one or more Excess Withdrawals;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Annuitant's 99th birthday, if no Installments have been taken; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• in those states that the Contract permits you to change the Owner of the Contract or assign the Contract, upon a change in ownership or assignment unless the new Owner or assignee assumes full ownership and is the surviving Spouse of the Owner or if a former Spouse of the Owner becomes the sole Owner pursuant to a settlement agreement or court-issued divorce Decree.

If the GLWB is terminated, the Benefit Base, GAW and any other benefit accrued or received under the GLWB will also terminate. The Owner may not make any subsequent Transfers or GLWB Rider Contributions into the GLWB Rider until at least ninety (90) calendar days after termination of the GLWB, at which point a new GLWB Rider Election Date will be recorded. In such an event, the Benefit Base will be based on the current Covered Fund Value on the date the new GLWB is established.

We will not provide Owners with notice prior to termination of the Contract or GLWB Rider and the Guarantee Benefit Fee will not be refunded upon termination of a GLWB Rider.

#### Guaranteed Lifetime Withdrawal Benefit Riders
You should consult with your financial adviser to assist you in determining whether a GLWB Rider is suited for your financial needs and investment risk tolerance. Adding a GLWB Rider to your Contract may not be in your interest since all conditions of the GLWB Rider must be met, an additional annual fee is imposed, and a Covered Person must remain living for you to receive certain benefits. Furthermore, a GLWB Rider contains different investment options (Covered Funds) and different investment limitations and conditions than otherwise available under the Contract. You should carefully consider each of these factors before deciding if a GLWB Rider is suitable for your needs, especially at older ages.

If the Owner is an IRA custodian or trustee and Joint Covered Persons are selected, the Spouse of the Underlying IRA Holder must be the Joint Covered Person and must be the designated beneficiary of the custodial or trusteed account. Underlying IRA Holders should consult with a competent tax advisor regarding whether selecting Joint Covered Persons under a GLWB Rider is suitable for the Underlying IRA Holder's needs.

The applicable GAW%, Joint GAW%, Accumulation Credit, and Distribution Credit are shown in the Rate Sheet Supplement in effect at the time you signed the application to purchase your Contract, rather than at the time you elect a GLWB Rider. If you would like more information on the GLWB Riders, the GAW%, Joint GAW%, Accumulation Credit, or Distribution Credit applicable to you, or for a copy of the Rate Sheet Supplement in effect at the time you signed the application to purchase your Contract, please contact our Retirement Resource Operations Center.

#### Great-West Secure Income Plus GLWB Rider (Guarantee Benefit Fee = 1.30% of the Benefit Base)
Provided all conditions are met, the Great-West Secure Income Plus GLWB Rider provides an annual withdrawal amount that is guaranteed for the lifetime of the Covered Person(s) according to a fixed schedule that varies the GAW% with the age of the Covered Person(s). Prior to starting Guaranteed Annual Withdrawals, the Benefit Base increases by a guaranteed minimum amount each Contract Year up to a maximum of 10 Contract Years, subject to the Benefit Base cap of $5 million. The Accumulation Credit applicable to you is disclosed in the Rate Sheet Supplement in effect at the time you signed the application to purchase your Contract, rather than at the time you elect a GLWB Rider.

The Great-West Secure Income Plus GLWB Rider is designed for those who want to be guaranteed higher income regardless of the interest rate environment. Compared to the Great-West Secure Income Foundation GLWB Rider, the Great-West Secure Income Plus GLWB Rider offers additional benefits in exchange for a higher Guarantee Benefit Fee.

During the GLWB Accumulation Phase, you may make additional GLWB Rider Contributions to the Covered Fund(s) in addition to your initial GLWB Rider Contribution. Additional Contributions may also be made during the GAW Phase.

#### Calculation of Installment Amount
The GAW% is based on the age of the Covered Person(s) as of the date we calculate the first Installment. If there are two Covered Persons, the Joint GAW% is based on the age of the younger Covered Person.

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Examples are set forth below. If you would like more information on your GAW%, Joint GAW%, or Accumulation Credit, or for a copy of the Rate Sheet Supplement in effect at the time you signed the application to purchase your Contract, please contact our Retirement Resource Operations Center.

#### Numerical Examples of the GAW- Great-West Secure Income Plus GLWB Rider
**(GAW%s used in these examples are for illustration purposes only. The GAW%s applicable to you are disclosed in the Rate Sheet Supplement in effect at the time you signed the application to purchase your Contract.)** 

#### Scenario #1: 72-Year-Old Single Covered Person
Benefit Base = $80,000

Single GAW%: 6.00%

GAW = $4,800 ($80,000 x 6.00%)

#### Scenario #2: 68-Year-Old Joint Covered Person with a 63 Year Old Spouse
Benefit Base = $80,000

Joint GAW% = 3.50% <br>(for a 63-year old)

GAW = $2,800 ($80,000 x 3.50%)

#### Scenario #3: 60-Year-Old Single Covered Person
Benefit Base = $80,000

Single GAW%: 4.00%

GAW = $3,200 ($80,000 x 4.00%)

#### Scenario #4: 71-Year-Old Joint Covered Person with a 65 Year Old Spouse
Benefit Base = $80,000

Joint GAW% = 4.50% <br>(for a 65-year-old)

GAW = $3,600 ($80,000 x 4.50%)

The Great-West Secure Income Plus GLWB Rider calculates annual adjustments to your Benefit Base differently than the other GLWB Riders:

On each Ratchet Date, we will evaluate your Benefit Base, and will adjust your Benefit Base to equal the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your current Benefit Base plus an Accumulation Credit; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your current Covered Fund Value.

The Accumulation Credit is equal to the sum of 1 and 2:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.<br>

Greater of the Accumulation Credit in effect at the time you purchase your Contract times:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.<br>

the Market Ratchet Value (the last adjustment to the Benefit Base as a result of an increase to the Covered Fund Value) adjusted for proportional withdrawals; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.<br>

the sum of previous years' Great-West Secure Income Plus GLWB Rider Contributions less proportional withdrawals.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.<br>

the Accumulation Credit in effect at the time you purchase your Contract times the proportional Contributions in Ratchet Period.

In any year in which there is an Excess Withdrawal, the Accumulation Credit will be zero. The accumulation period begins on the Rider Election Date and ends on the earliest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the 10th anniversary after the Rider Election Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the commencement of the GAW Phase; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date the Great-West Secure Income Plus GLWB Rider terminates.

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When the accumulation period ends, the Accumulation Credit will be zero.

#### Great-West Secure Income Max GLWB Rider (Guarantee Benefit Fee = 1.20% of the Benefit Base)
Provided all conditions are met, the Great-West Secure Income Max GLWB Rider provides an annual withdrawal amount that is guaranteed for the lifetime of the Covered Person(s) according to a fixed schedule that varies the GAW% with the age of the Covered Person(s). Owners may receive a higher GAW% for Rider Contributions aged 5 years or more prior to starting the GAW Phase. The Distribution Credit applicable to you is disclosed in the Rate Sheet Supplement in effect at the time you signed the application to purchase your Contract, rather than at the time you elect a GLWB Rider.

The Great-West Secure Income Max GLWB Rider is designed for those who want to be guaranteed higher income regardless of the interest rate environment. Compared to the Great-West Secure Income Foundation GLWB Rider, the Great-West Secure Income Max GLWB Rider offers additional benefits in exchange for a higher Guarantee Benefit Fee.

During the GLWB Accumulation Phase, you may make additional GLWB Rider Contributions to the Covered Fund(s) in addition to your initial GLWB Rider Contribution. Additional Contributions may also be made during the GAW Phase.

#### Calculation of Installment Amount
The GAW% is based on the age of the Covered Person(s) as of the date we calculate the first Installment. If there are two Covered Persons, the Joint GAW% is based on the age of the younger Covered Person.

Examples are set forth below. If you would like more information on your GAW%, Joint GAW%, or Distribution Credit, or for a copy of the Rate Sheet Supplement in effect at the time you signed the application to purchase your Contract, please contact our Retirement Resource Operations Center.

#### Numerical Examples of the GAW- Great-West Secure Income Max GLWB Rider
**(GAW%s used in these examples are for illustration purposes only. The GAW%s applicable to you are disclosed in the Rate Sheet Supplement in effect at the time you signed the application to purchase your Contract.)**

#### Scenario #1: 72-Year-Old Single Covered Person, Starting Withdrawals within Five Years of Contribution
Benefit Base = $80,000

Single GAW%: 6.00%

GAW = $4,800 ($80,000 x 6.00%)

#### Scenario #2: 72-Year-Old Single Covered Person, Starting Withdrawals Five years after Contribution
Benefit Base = $80,000

Single GAW%: 7.00% (GAW% Enhanced by 1% Distribution Credit)

GAW = $5,600 ($80,000 x 7.00%)

#### Scenario #3: 68-Year-Old Joint Covered Person with a 63 Year Old Spouse, Starting Withdrawals within Five Years of Contribution
Benefit Base = $80,000

Joint GAW% = 3.50% <br>(for a 63-year old)

GAW = $2,800 ($80,000 x 3.50%)

#### Scenario #4: 60-Year-Old Single Covered Person Starting Withdrawals within Five Years of Contribution
Benefit Base = $80,000

Single GAW%: 4.00%

GAW = $3,200 ($80,000 x 4.00%)

#### Scenario #5: 71-Year-Old Joint Covered Person with a 65 Year Old Spouse, Starting Withdrawals Five years after Contribution
Benefit Base = $80,000

Joint GAW% = 5.50% (GAW% Enhanced by 1% Distribution Credit) <br>(for a 65-year-old)

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GAW = $4,400 ($80,000 x 5.50%)

#### Great-West Secure Income Foundation GLWB Rider (Guarantee Benefit Fee = 0.90% of the Benefit Base)
Provided all conditions are met, the Great-West Secure Income Foundation GLWB Rider provides an annual withdrawal amount that is guaranteed for the lifetime of the Covered Person(s) according to a fixed schedule that varies the GAW% with the age of the Covered Person(s).

The Great-West Secure Income Foundation GLWB Rider is designed for those who want to be guaranteed higher income regardless of the interest rate environment. On each Ratchet Date during the GAW Phase, we will adjust your Benefit Base to equal your Current Covered Fund Value if an age reset calculation results in a higher GAW Amount.

During the GLWB Accumulation Phase, you may make additional GLWB Rider Contributions to the Covered Fund(s) in addition to your initial GLWB Rider Contribution. Additional Contributions may also be made during the GAW Phase.

#### Calculation of Installment Amount
The GAW% is based on the age of the Covered Person(s) as of the date we calculate the first Installment. If there are two Covered Persons, the Joint GAW% is based on the age of the younger Covered Person.

Examples are set forth below. If you would like more information on your GAW% or Joint GAW%, or for a copy of the Rate Sheet Supplement in effect at the time you signed the application to purchase your Contract, please contact our Retirement Resource Operations Center.

#### Numerical Examples of the GAW- Great-West Secure Income Foundation GLWB Rider
**(GAW%s used in these examples are for illustration purposes only. The GAW%s applicable to you are disclosed in the Rate Sheet Supplement in effect at the time you signed the application to purchase your Contract.)**

#### Scenario #1: 72 Year Old Single Covered Person
Benefit Base = $80,000

Single GAW%: 6.00%

GAW = $4,800 ($80,000 x 6.00%)

#### Scenario #2: 68 Year Old Joint Covered Person with a 63 Year Old Spouse
Benefit Base = $80,000

Joint GAW% = 3.50% <br>(for 63 year old)

GAW = $2,800 ($80,000 x 3.50%)

#### Scenario #3: 60 Year Old Single Covered Person
Benefit Base = $80,000

Single GAW% = 4.00%

GAW = $3,200 ($80,000 x 4.00%)

#### Scenario #4: 71 Year Old Joint Covered Person with a 65 Year Old Spouse
Benefit Base = $80,000

Joint GAW%: 4.50% <br>(for a 65 year old)

GAW = $3,600 ($80,000 x 4.50%)

#### Ratchet to Benefit Base During the GAW Phase (applicable to all GLWB Riders)
Once a year, on your Ratchet Date, we will review your GAW and may make an adjustment by increasing your GAW amount. This adjustment, if applicable, will be made by a Ratchet. Just like the Accumulation Phase, we will compare the Covered Fund Value to determine if it exceeds the Benefit Base. If so, we will adjust the Benefit Base to equal the Covered Fund Value.

On each Ratchet Date, the Benefit Base automatically adjusts to the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.<br>

the current Benefit Base; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.<br>

the current Covered Fund Value.

GAWs will adjust annually on the Ratchet Date based on the new Benefit Base. This information will be reflected in your quarterly statement and online.

#### Reset of the GAW% During the GAW Phase
Annually, Empower shall multiply the Covered Fund Value, subject to the Benefit Base cap, as of the Ratchet Date by the Attained Age GAW% (based on your or the younger Joint Covered Person's Attained Age on the Ratchet Date) and determine if it is higher than the current Benefit Base multiplied by the current GAW%. Empower will then provide the Owner with the result of this calculation. This information will be reflected in your quarterly statement and online.

#### Installments will not change unless Requested by the Owner.
Unless you have provided the Retirement Resource Operations Center with a Request to always increase your Installments to the maximum permitted amount, your Installments will not automatically default to the maximum, and will not change unless Requested by the Owner. You may Request to change your Installments at any time before your next Ratchet Date. If beneficial, the current GAW% will change to the Attained Age GAW% and the Benefit Base will change to the current Covered Fund Value as of the Ratchet Date. If the reset takes effect, it will be effective on the Ratchet Date as the Ratchet Date does not change due to reset.

#### Example:

#### If (Attained Age GAW%) x (Covered Fund Value as of Ratchet Date)

#### is greater than (Current GAW%) x (Current Benefit Base)

#### then (Attained Age GAW%) x (Covered Fund Value as of Ratchet Date) becomes new GAW

#### and (Covered Fund Value) = (New Benefit Base)

#### Numerical Example When Reset is Beneficial
Assume the following:

Age at Initial Installment Date: 60

Attained Age: 70

Covered Fund Value = $120,000

Current Benefit Base = $125,000

Current GAW% before Ratchet Date: 4%

Attained Age GAW% after Ratchet Date: 6%

(Current GAW%) x (Current Benefit Base) = 4% x $125,000 = $5,000

(Attained Age GAW%) x (Covered Fund Value) = 6% x $120,000 = $7,200

So New GAW is $7,200

New Benefit Base is $120,000

New GAW% of 6% will take effect

#### Numerical Example When Reset is NOT Beneficial
Assume the following:

Age at Initial Installment Date: 60

Attained Age: 70

Covered Fund Value = $75,000

Current Benefit Base = $125,000

Current GAW% before Ratchet: 4%

Attained Age GAW% after Ratchet Date: 6%

(Current GAW%) x (Current Benefit Base) = 4% x $125,000 = $5,000

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(Attained age withdrawal %) x (Covered Fund Value) = 6% x $75,000 = $4,500

So, because $4,500 is less than current GAW of $5,000, no Reset of the GAW% will take effect.

The applicable GAW%, Joint GAW%, Accumulation Credit, and Distribution Credit are shown in the Rate Sheet Supplement in effect at the time you signed the application to purchase your Contract, rather than at the time you elect a GLWB Rider. If you would like more information on the GLWB Riders, the GAW%, Joint GAW%, Accumulation Credit, or Distribution Credit applicable to you, or for a copy of the Rate Sheet Supplement in effect at the time you signed the application to purchase your Contract, please contact our Retirement Resource Operations Center.

#### TAXATION OF ANNUITIES IN GENERAL
The following discussion of the federal income tax consequences is only a brief summary of general information and is not intended as tax advice to any individual. The federal income tax consequences discussed here reflect our understanding of current law and the law may change. Federal estate tax consequences and state and local estate, inheritance, and other tax consequences of ownership or receipt of distributions under a Contract depend on your individual circumstances or the circumstances of the person who receives the distribution.

#### You should consult a tax advisor for further information.

#### Federal Tax Matters
This discussion assumes that the Contract qualifies as an annuity contract for federal income tax purposes. This discussion is not intended to address the tax consequences resulting from all situations. If you are concerned about the tax implications relating to the ownership or use of the Contract, you should consult a competent tax advisor as to how the tax rules apply to you before initiating any transaction.

This discussion is based upon our understanding of the present federal income tax laws as they are currently interpreted by the IRS. No representation is made as to the likelihood of the continuation of the present federal income tax laws or of the current interpretation by the IRS. Moreover, no attempt has been made to consider any applicable state or other tax laws.

#### Because tax laws, rules, and regulations are constantly changing, we do not make any guarantees about the Contract's tax status.

#### Taxation of Annuities
Section 72 of the Code governs the taxation of annuities. An Owner who is a "natural person" will not generally be taxed on increases, if any, in the value of the Annuity Account Value until all or part of the Annuity Account Value is distributed (for example, withdrawals, GAW payments or annuity payouts under the annuity payout option elected). An Owner who is a "non-natural entity," such as a Non-Grantor Trust, will generally be taxed on increases, if any, in the value of the Annuity Account Value. However, if the Non-Grantor Trust is considered to be holding the Contract for a natural person, the Contract generally will be treated as held by a natural person. You should consult with your tax advisor as to whether your Non-Grantor Trust satisfies the exception to the non-natural owner rule. Under a Grantor Trust, the Grantor, who must be a natural person, is treated as the Owner of the Contract for tax purposes. Under a custodial or trusteed IRA account, the Underlying IRA Holder, who must be a natural person, is treated as the IRA owner for tax purposes. The taxable portion of a distribution (in the form of a single sum payout, a withdrawal, a GAW payment or an annuity) is taxable as ordinary income.

If the Contract's Annuity Commencement Date occurs (or is scheduled to occur) at a time when the Annuitant has reached an advanced age, it is possible that the Contract would not be treated as an annuity for federal income tax purposes. In that event, the income and gains under the Contract could be currently includable in the Owner's income.

The following discussion generally applies to a Contract owned by a natural person.

#### Withdrawals
Partial withdrawals, including GAW payments and periodic withdrawals that are not part of an annuity payout, are generally treated as taxable income to the extent that the Annuity Account Value immediately before the withdrawal exceeds the "investment in the Contract" at that time. Full surrenders are treated as taxable income to the extent that the amount received exceeds the "investment in the Contract." The taxable portion of any withdrawal is taxed at ordinary income tax rates.

The IRS has not provided guidance as to the tax treatment of the charge for a GLWB (the Guarantee Benefit Fee) under the Contract. The IRS could treat the deduction of the Guarantee Benefit Fee from the Covered Fund Value as a deemed withdrawal from the contract subject to current income tax to the extent the amount deemed received exceeds

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the investment in the Contract and, if applicable, the 10% premature distribution additional tax. We do not currently report charges for the GLWB as withdrawals, but we will do so in the future if the IRS requires that we do so.

#### Annuity Payouts
Although the tax consequences will vary depending on the annuity form elected under the Contract, in general, only the portion of the annuity payout that exceeds the exclusion amount will be taxed. The exclusion amount is generally determined by a formula that establishes the ratio of the "investment in the Contract" to the expected return under the Contract. For variable annuity payouts, in general there is no tax on the portion of each payout which represents the same ratio that the "investment in the Contract" allocated to the variable annuity payouts bears to the number of payouts expected to be made (determined by Treasury Department regulations which take into account the Annuitant's life expectancy and the form of annuity benefit selected). However, the remainder of each annuity payout is taxable. Once the "investment in the Contract" has been fully recovered, the full amount of any additional annuity payouts is taxable. If the annuity payments stop as a result of an Annuitant's death before full recovery of the "investment in the Contract," you should consult a competent tax advisor regarding the deductibility of the unrecovered amount.

If part of an annuity contract's value is applied to an annuity option that provides payments for one or more lives or for a period of at least ten years, those payments may be taxed as annuity payments instead of withdrawals.

The taxable portion of any annuity payout is taxed at ordinary income tax rates.

#### Additional Tax
There may be a federal additional income tax imposed equal to 10% of the amount treated as taxable income. In general, however, there is **no additional tax on distributions**:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Made on or after the date on which the Owner reaches age 59½;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Made as a result of death or disability of the Owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Received in substantially equal periodic payouts (at least annually) for your life (or life expectancy) or the joint lives (or joint life expectancies) of you and the "designated beneficiary."

A similar 10% additional tax is imposed on premature distributions from Qualified Annuity Contracts.

For more details regarding this additional tax and other exemptions that may be applicable to Non-Qualified Annuity Contracts and Qualified Annuity Acontracts, consult a competent tax advisor.

#### Taxation of Death Benefit Proceeds
Amounts may be distributed from the Contract because of the death of an Owner (or an Annuitant, if applicable). If the death occurs before annuity payouts start, such amounts are generally included in the income of the recipient as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If distributed in a lump sum, they are taxed in the same manner as a full withdrawal, as described above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If distributed under an annuity form, they are taxed in the same manner as annuity payouts, as described above.

If the death occurs on or after annuity payouts start, and before the end of any guarantee period, the payments that are made to the Beneficiary for the remainder of that period are fully excluded from income until the remaining investment in the contract is deemed to be recovered, and all annuity payments thereafter are fully includable in income.

#### Distribution at Death
For a Non-Qualified Annuity Contract to be treated as an annuity contract for federal income tax purposes, the terms of the Contract must provide the following two distribution rules:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If an Owner dies before the date annuity payouts start, the entire Annuity Account Value must generally be distributed within five years after the date of death. If payable to a "designated beneficiary," the distributions may be paid over the life of that "designated beneficiary" or over a period not extending beyond the life expectancy of that "designated beneficiary," so long as payouts start within one year of the Owner's death. If the sole "designated beneficiary" is the Owner's Spouse, the Contract may be continued in the name of the Spouse as Owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the Owner dies on or after the date annuity payouts start, and before the entire interest in the Contract has been distributed, payments under the Contract must continue on the same or on a more rapid schedule than that provided for in the method in effect on the date of death.

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See "Required Minimum Distributions from Qualified Annuity Contracts" below.

#### Diversification of Investments
For a Non-Qualified Annuity Contract to be treated as an annuity for federal income tax purposes, the investments of the Sub-Accounts must be "adequately diversified" in accordance with Treasury Department Regulations. If the Series Account or a Sub-Account failed to comply with these diversification standards, a Non-Qualified Annuity Contract would not be treated as an annuity contract for federal income tax purposes and the Owner would generally be taxed on the excess of the Annuity Account Value over the "investment in the Contract."

Although we may not control the investments of the Covered Fund(s) or the Portfolios, we expect that the Covered Fund(s) and the Portfolios will comply with such regulations so that the Sub-Accounts will be considered "adequately diversified." Owners bear the risk that the entire Non-Qualified Annuity Contract could be disqualified as an annuity under the Code due to the failure of the Series Account or a Sub-Account to be deemed to be adequately diversified.

#### Owner Control
In connection with its issuance of temporary and proposed regulations under Section 817(h) in 1986, the Treasury Department announced that those regulations did not "provide guidance concerning the circumstances in which investor control of the investments of a segregated asset account may cause the investor (i.e., the Owner), rather than the insurance company to be treated as the owner of the assets in the account" (which would result in the current taxation of the income on those assets to the Owner). In Revenue Ruling 2003-91, the IRS provided such guidance by describing the circumstances under which the owner of a variable contract will not possess sufficient control over the assets underlying the contract to be treated as the owner of those assets for federal income tax purposes. Rev. Rul. 2003-91 states that the determination of whether the owner of a variable contract is to be treated as the owner of the assets held by the insurance company under the contract will depend on all of the facts and circumstances. We do not believe that the ownership rights of an Owner under the Contract would result in any Owner being treated as the owner of the assets of the Contract under Rev. Rul. 2003-91. However, we do not know whether the IRS will provide additional guidance on this issue and what standards that guidance may contain. Therefore, we reserve the right to modify the Contract as necessary to attempt to prevent an Owner from being considered the owner of a pro rata share of the assets of the Contract.

#### Multiple Contracts
All deferred, Non-Qualified Annuity Contracts that Empower (or our affiliates) issues to the same Owner during any calendar year must be treated as a single annuity contract for purposes of determining the taxable amount.

#### Withholding
Distributions generally are subject to withholding at rates that vary according to the type of distribution and the recipient's tax status. Recipients, however, generally are provided the opportunity to elect not to have tax withheld from distributions, except in certain circumstances.

#### Section 1035 Exchanges
Code Section 1035 provides that no gain or loss will be recognized on the exchange of one annuity contract for another if certain requirements are satisfied.

If you exchange part of an existing annuity contract for another annuity contract, and within 180 days of the exchange you receive a payment other than certain annuity payments (*e.g.,* you make a withdrawal) from either contract, the exchange may not be treated as a tax free exchange. Rather, some or all of the amount exchanged into the Contract could be includible in your income and subject to a 10% additional tax.

Please discuss any tax consequences concerning any contemplated or completed transactions with a competent tax advisor.

#### Rollovers from Qualified Retirement Plans and IRAs
A Qualified Contract may be purchased through a rollover of assets from qualified retirement plans. You should consult with your plan sponsor, as well as a qualified tax professional, before rolling over retirement plan assets. The Contract may also be purchased through a rollover of assets from an IRA or Simplified Employee Pension (SEP) IRA.

#### Inherited IRAs
The Contract may be an inherited IRA only if it is acquired by a natural person beneficiary of the original IRA upon the original owner's death. Inherited IRAs will be administered according to the Code, including restricting Contributions

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and the administration of Required Minimum Distributions. Inherited IRA Owners may not elect a GLWB Rider or make Contributions to the Income Strategy. You should consult with a qualified tax professional before acquiring the Contract as an inherited IRA.

#### Assignment, Transfer or Exchange of the Contract
Other than in the case of a Qualified Annuity Contract (which generally cannot be assigned or pledged), any assignment or pledge of (or agreement to assignor pledge) any portion of the Annuity Account Value is treated for federal income tax purposes as a withdrawal of such amount or portion. If the entire Annuity Account Value is assigned or pledged, subsequent increases in the Annuity Account Value are also treated as withdrawals for as long as the assignment or pledge remains in place. The investment in the Contract is increased by the amount included in income with respect to such assignment or pledge, though it is not affected by any other aspect of the assignment or pledge (including its release). If an Owner transfers a Contract without adequate consideration to a person other than the Owner's spouse (or to a former spouse incident to divorce), the Owner will be required to include in income the difference between the "cash surrender value" and the investment in the Contract at the time of transfer. In such case, the transferee's "investment in the contract" will increase to reflect the increase in the transferor's income. The exceptions for transfers to the Owner's spouse (or to a former spouse) are limited to individuals that are treated as spouses under federal tax law.

#### Investment Income Surtax
Distributions from Non-Qualified Annuity Contracts are considered "investment income" for purposes of the investment income surtax on investment income. Thus, in certain circumstances, a 3.8% tax may be applied to some or all of the taxable portion of distributions (e.g., earnings) to individuals, trusts, and estates whose income exceeds certain threshold amounts as follows: an amount equal to the lesser of (a) "net investment income"; or (b) the excess of a taxpayer's modified adjusted gross income over a specified income threshold ($250,000 for married couples filing jointly or qualifying widow(er) with dependent child, $125,000 for married couples filing separately, and $200,000 for everyone else). The term net investment income excludes any distribution from an IRA or certain other retirement plans or arrangements. The IRS has issued regulations implementing this new provision of the law. Please consult with a competent tax advisor about the impact of the Investment Income Surtax on you.

#### Domestic Partnerships, Civil Unions, and Same-Sex Marriages
Under Treasury Department regulations, the IRS will recognize same-sex marriages that are legally valid in the state where the couple married, regardless of whether the state in which the couple currently resides would recognize the marriage. In the 2015 case, Obergefell v. Hodges, the U.S. Supreme Court required all states to issue marriage licenses to same-sex couples and to recognize same-sex marriages validly performed in other jurisdictions. For federal tax purposes, the term 'marriage' does not include registered domestic partnerships, civil unions, or other similar formal relationships recognized under state law that are not denominated a 'marriage' under that state's law. Therefore, domestic partners and individuals in civil unions are not treated as Spouses under this Contract. You are strongly encouraged to consult with a competent tax advisor for additional information on your state's law regarding civil unions and same-sex marriages.

#### Qualified Annuity Contracts
Notwithstanding any provision of the Contract or GLWB Rider, certain provisions apply to Contracts intended to qualify as Individual Retirement Annuities under section 408(b) of the Code and Roth Individual Retirement Annuities under section 408A of the Code, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Only the Owner may be the Annuitant of the Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Only one Owner may be established under the Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Contract will be established for the exclusive benefit of the Owner and the Beneficiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The entire interest of the Owner is non-forfeitable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Owner may not borrow any money under the Contract or pledge it as security for a loan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Contract is non-transferable: the Owner may not sell, assign or transfer the Contract, unless permitted by a Divorce or Separation Decree; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Empower will furnish an annual calendar year report on the status of the Contract and such information concerning required minimum distributions as is prescribed by the Commissioner of Internal Revenue.

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#### Contributions to Qualified Annuity Contracts
Except in the case of a "rollover contribution" as permitted by the Code or a Contribution made in accordance with the terms of a Simplified Employee Pension (SEP), as described in Section 408(k), Contributions will only be accepted if they are in cash and the total of such Contributions must not exceed the maximum as permitted by the Code, for any taxable year, regardless of whether such Contributions are deductible by the Owner under the Code. In the case of an individual who is age 50 or older, the annual cash Contribution limit is increased by the amount permitted by the Code for any taxable year.

#### The Owner has sole responsibility for determining whether any premium payment satisfies these contribution limits and any applicable income tax rules.

#### Required Minimum Distributions from Qualified Annuity Contracts
*In general*. In the case of Qualified Annuity Contracts, rules imposed by Section 401(a)(9) of the Code determine the time at which distributions must commence to you or your beneficiary and the manner in which the minimum amount of the distribution is computed (the "RMD" rules). Legislation passed in 2019 (the "SECURE Act") and 2022 (the "SECURE 2.0 Act") changed a number of the RMD rules applicable to distributions after the death of a Qualified Contact owner. The changes made by the SECURE Act were generally effective for deaths occurring after 2019, and changes made by the SECURE 2.0 Act were generally effective after 2022. This discussion is a general description of the new RMD rules implemented by the SECURE and SECURE 2.0 Acts and not those of prior law, which remain applicable in certain circumstances. In addition, the terms of your plan or IRA will control. Failure to comply with the RMD rules may result in the imposition of an excise tax. This excise tax generally equals 25% of the amount by which the minimum required distribution exceeds the actual distribution from the Qualified Annuity Contract. The excise tax is reduced to 10% if a taxpayer receives a distribution, during the "correction window," of the amount of the missed RMD from the same plan to which the excise tax relates and satisfies certain other conditions. RMDs made from a GLWB Rider will only be made in a manner consistent with the required minimum distribution rules or other provisions of the Code as detailed below.

Any RMD during the GLWB Accumulation Phase will be considered an Excess Withdrawal.

During the GAW Phase, RMDs will not be considered to be Excess Withdrawals if the required minimum distribution causes the total Distributions to exceed the GAW amount to the extent the RMD amount is attributable to the Covered Fund(s). Please note the following important details:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• An RMD is attributable to the Covered Fund(s) to the extent that the RMD amount withdrawn from the Covered Fund Value is proportional to the amount of the Annuity Account Value invested in Covered Fund(s).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The amount withdrawn for RMDs must not exceed the amount calculated under the Code based on life expectancy, and must be based on the Annuity Account Value on December 31 of the previous calendar year as reported by Empower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You must set up your RMDs on the required form with our Retirement Resource Operations Center.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If you are transferring money from another company and you have reached or will reach the "applicable age" at which RMDs must be paid to you under the Code during the current tax year, you should take the current tax year's RMD before the transfer to avoid taking an Excess Withdrawal.

Below is a hypothetical RMD numerical example designed to help illustrate how taking an RMD during the GAW Phase would be considered an Excess Withdrawal because some portion of the RMD is not attributable to the Covered Fund Value.

#### RMD Numerical Example:
This example illustrates a scenario where the Contract is your only IRA, and you elected to split your assets between the Investment Strategy (i.e., an investment that is not a Covered Fund) and the Income Strategy (i.e., a Covered Fund). To avoid taking an Excess Withdrawal when taking an RMD, you may need to take a portion of your RMD from your assets in the Investment Strategy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annuity Account Value (12/31/2019) = $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Covered Fund Value = $50,000 (50% of total Annuity Account Value)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Investment Strategy Account Value = $50,000 (50% of total Annuity Account Value)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• GAW = $2,500

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total 2020 RMD attributable to the IRA as calculated by Empower = $6,200

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 2020 RMD attributable to the Covered Fund = $6,200 x 0.50 = $3,100

Under these circumstances, the Owner may take the full $2,500 GAW and may take an additional $600 for RMDs out of the Covered Fund — this additional $600 needed for RMDs would not be considered an Excess Withdrawal. In order to satisfy the remaining $3,100 in RMDs without taking an Excess Withdrawal, the Owner would need to withdraw the remaining $3,100 from the Investment Strategy Account.

*When distributions must begin.* Distributions of minimum amounts (as specified in the RMD rules) must commence from Qualified Annuity Contracts by the "required beginning date." The RBD for IRAs is April 1 of the calendar year following the calendar year in which the Owner reaches the "applicable age." If you own a Roth IRA, you are not required to take minimum distributions from your Roth IRA during your life. For taxable years beginning after December 31, 2023, lifetime RMDs are no longer required for designated Roth accounts under 401(k) and 403(b) plans. RMDs must still be taken from designated Roth accounts for 2023, including those with a required beginning date of April 1, 2024.

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| | |
|:---|:---|
| **If you were born...**  | **Your "applicable age" is...** |
| Before July 1, 1949 | 70½ |
| After June 30, 1949 and before 1951 | 72 |
| After 1950 and before 1960  | 73 |
| In 1960 or later | 75 |

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*Annual distribution amount*. If you choose to take RMDs in the form of withdrawals, the annual amount to be distributed is determined by dividing your Contract's account value by the applicable factor from IRS life expectancy tables. The death benefit under your Contract, the benefits under the GLWB Rider, and certain other benefits of your Contract may increase the amount of the minimum required distribution that must be taken from your Contract. It is the responsibility of the Owner to request payments in accordance with the minimum distribution requirements of the Code.

*Death before your required beginning date*. In general, if you die before your required beginning date, and you have a designated beneficiary, any remaining interest in your Contract must be distributed within 10 years after your death, unless the designated beneficiary is an EDB. A designated beneficiary is any individual designated as a beneficiary by the IRA owner. An EDB (other than a minor child) can generally stretch distributions over their life or life expectancy if payments begin by the end of the calendar year following the year of your death. Special rules apply to EDBs who are minors and to beneficiaries that are not individuals.

*Death on or after your required beginning date*. In general, if you die on or after your required beginning date, and you have a designated beneficiary who is not an EDB, any remaining interest in your Contract must continue to be distributed annually over the longer of your remaining life expectancy and your beneficiary's life expectancy (or more rapidly), but all amounts must be distributed within 10 years of your death. If your beneficiary is an EDB (other than a minor child), distributions must continue annually over the longer of your remaining life expectancy and the EDB's life expectancy (or more rapidly), but all amounts must be distributed within 10 years of the EDB's death. Special rules apply to EDBs who are minors and beneficiaries that are not individuals.

*Spousal continuation.* If your beneficiary is your spouse, your surviving spouse can delay the application of the post-death distribution requirements until after their death by transfering the remaining interest tax-free to you surviving spouse's own IRA, or by treating your IRA as your surviving spouse's own IRA. In certain circumstances, the spouse may have to take a "hypothetical RMD" before transferring their interest or treating your IRA as their own.

*Annuity payments.* If you choose to take some or all of your RMDs in the form of annuity payments rather than withdrawals, the payments may be made over your life, your life and the life of your designated beneficiary, for a certain period, or for life with or without a period certain. If you commence taking distributions in the form of an annuity that can continue after your death, such as in the form of a joint and survivor annuity or an annuity with a guaranteed period of more than 10 years, any distributions after your death that are scheduled to be made beyond the applicable distribution period imposed under the new law might need to be accelerated at the end of that period (or otherwise modified after your death if permitted under federal tax law and by the company) in order to comply with post-death distribution requirements.

***The minimum distribution requirements are complex and unclear in numerous respects. The manner in which these requirements will apply will depend on your particular facts and circumstances. You may wish to consult a professional tax adviser for tax advice as to your particular situation.***

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#### DISTRIBUTION OF THE CONTRACTS
We offer the Contracts on a continuous basis to customers of registered investment advisers, brokerage firms, and their affiliated insurance agencies. Contracts were sold in those states where the Contract may lawfully be sold by licensed insurance agents who are Consultants.

Prior to October 5, 2020, the offering of the Contracts is made on a continuous basis by Empower Financial Services, Inc., a wholly-owned subsidiary of Empower. Empower Financial Services, Inc. is a Delaware corporation registered as a broker/dealer with the SEC, and a member of FINRA. Its principal offices are located at 8515 East Orchard Road, Greenwood Village, Colorado, 80111.

Effective October 5, 2020, Investment Distributors, Inc. ("IDI") became principal underwriter. IDI is a subsidiary of Protective Life Corporation ("PLC"), the parent of Protective. IDI is a Tennessee corporation and was established in 1993. IDI's principal business address is 2801 Highway 280 South, Birmingham, Alabama 35223. IDI is registered with the SEC under the Exchange Act as a broker-dealer and is a member firm of FINRA.

No sales commissions are paid to Consultants on sales of the Contracts. However, Consultants may charge you an advisory or similar fee under an agreement you have with them independent of Empower, Empower Financial Services, Inc., or IDI. Empower, Empower Financial Services, Inc., and IDI do not offer advice on how to allocate your Contributions, and we are not responsible for any advice your Consultant provides to you. Empower, Empower Financial Services, Inc., and IDI do not endorse any Consultant or make any representations as to their qualifications.

Empower (or its affiliates, for purposes of this section only, collectively, "the Company"), in all cases as agent for Empower Financial Services, Inc., may pay eligible Consultants or other entities compensation for the promotion and sale of the Contract. Compensation paid to eligible Consultants or other entities is not paid directly by the Owner or the Series Account. The Company intends to fund this compensation through a number of sources, such as fees and charges imposed under the Contract and payable to the Company, and from profits on payments received by the Company from Portfolios' advisers or administrators for providing administrative, marketing, and other support and services to the Portfolios. See "Payments We Receive" above. The Company may pay a portion of these proceeds to eligible Consultants or other entities for distribution services.

IDI agents may receive additional cash and non-cash incentives to promote the sale of the Contracts. IDI agents may participate in various contests and promotions subject to applicable FINRA regulations in which IDI agents may receive prizes such as travel awards, merchandise and cash. Subject to applicable FINRA regulations, IDI agents also may receive travel expenses, meals, lodging and entertainment of salespersons in connection with educational and sales promotional programs and sponsor speakers, educational seminars and charitable events.

Cash incentive payments may vary depending on the arrangement in place at any particular time. Cash incentives payable to IDI agents may be based on certain performance measurements, including a percentage of the net amount invested in certain investments available under the Contract. These additional payments could be viewed as creating conflicts of interest. In some cases, the payment of incentive-based compensation may create a financial incentive for an IDI agent to recommend or sell the Contract instead of other products or recommend certain investments under the Contract over other investments, which may not necessarily be to your benefit.

To the extent permitted by FINRA rules, applicable state insurance law and regulations, and Department of Labor rules and regulations, and as mutually agreed upon by the Company and eligible Consultants or other entities, the Company may pay a portion of these proceeds to eligible Consultants or other entities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• for distribution services;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• as compensation for administrative and insurance services provided by the Consultants on behalf of Empower Financial Services, Inc. or IDI;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• as a marketing allowance or other promotional incentive; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• as payments in the form of cash or other compensation.

#### VOTING RIGHTS
In general, you do not have a direct right to vote the Portfolio shares held in the Series Account. However, under current law, you are entitled to give us instructions on how to vote the shares. We will vote the shares according to those instructions at regular and special shareholder meetings. If the law changes and we can vote the shares in our own right, we may elect to do so.

Before the Annuity Commencement Date, you have the voting interest. The number of votes available to you will be calculated separately for each of your Sub-Accounts. That number will be determined by applying your percentage

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interest, if any, in a particular Sub-Account to the total number of votes attributable to that Sub-Account. You hold a voting interest in each Sub-Account to which your Annuity Account Value is allocated. If you select a variable annuity option, the votes attributable to your Contract will decrease as annuity payouts are made.

The number of votes of a Portfolio will be determined as of the date established by that Portfolio for determining shareholders eligible to vote at the meeting of the Portfolio. Voting instructions will be solicited by communication prior to such meeting in accordance with procedures established by the respective Portfolios.

If we do not receive timely instructions and Owners have no beneficial interest in shares held by us, we will vote according to the voting instructions as a proportion of all Contracts participating in the Sub-Account. Shares held by us will also be voted proportionately. The effect of proportional voting is that if a large number of Owners fail to give voting instructions, a small number of Owners may determine the outcome of the vote. If you indicate in your instructions that you do not wish to vote an item, we will apply your instructions on a pro rata basis to reduce the votes eligible to be cast.

Each person or entity having a voting interest in a Sub-Account will receive proxy material, reports, and other material relating to the appropriate Portfolio.

Please note, generally the Portfolios are not required to, and do not intend to, hold annual or other regular meetings of shareholders.

Owners have no voting rights in Empower.

#### RIGHTS RESERVED BY EMPOWER
We reserve the right to make certain changes we believe would best serve the interests of Owners and Annuitants or would be appropriate in carrying out the purposes of the Contract. Any changes will be made only to the extent and in the manner permitted by applicable laws. Also, when required by law, we will obtain your approval of the changes and approval from any appropriate regulatory authority. Approval may not be required in all cases, however. Examples of the changes we may make include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• To operate the Series Account in any form permitted under the 1940 Act or in any other form permitted by law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• To Transfer any assets in any Sub-Account to another Sub-Account, or to one or more separate accounts; or to add, combine or remove Sub-Accounts of the Series Account;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• To substitute, for the Portfolio shares in any Sub-Account, the shares of another Portfolio or shares of another investment company or any other investment permitted by law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• To cease accepting Contributions at any time at our discretion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• To limit the number of Contracts that you may purchase;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• To cease offering the Contract and/or GLWB Riders to new sales;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• To make any changes required by the Code or by any other applicable law in order to continue treatment of the Contract as an annuity;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• To change the time or time of day that a valuation date is deemed to have ended; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• To make any other necessary technical changes in the Contract in order to conform with any action the above provisions permit us to take, including changing the way we assess charges, without increasing them for any outstanding Contract beyond the aggregate amount guaranteed.

#### LEGAL PROCEEDINGS
The Company is subject to legal and regulatory actions in the ordinary course of our business. Pending legal and regulatory actions include proceedings specific to Empower and proceedings generally applicable to business practices in the industry in which we operate. The Company may be subject to class action lawsuits and other litigation involving a variety of issues and allegations involving sales practices, claims payments and procedures, premium charges, policy servicing and breach of fiduciary duty to customers. The Company may also be subject to litigation arising out of its general business activities, such as its investments, contracts, leases and labor and employment relationships, including claims of discrimination and harassment, and could be exposed to claims or litigation concerning certain business or process patents. In addition, the Company, along with other participants in the businesses in which it engages, may be subject from time to time to investigations, examinations, and inquiries, in some cases industry-wide, concerning issues or matters upon which such regulators have determined to focus.

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The Company's litigation and regulatory matters are subject to many uncertainties, and given their complexity and scope, their outcome cannot be predicted. In some of the Company's pending legal and regulatory actions, parties are seeking large and/or indeterminate amounts, including punitive or exemplary damages. It is possible that the Company's results of operations or cash flow in a particular quarterly or annual period could be materially affected by an ultimate unfavorable resolution of pending litigation and regulatory matters depending, in part, upon the results of operations or cash flow for such period. In light of the unpredictability of the Company's litigation and regulatory matters, it is also possible that in certain cases an ultimate unfavorable resolution of one or more pending litigation or regulatory matters could have a material adverse effect on the Company's financial position.

Management believes, however, that, based on information currently known to it, the ultimate outcome of all pending litigation and regulatory matters, after consideration of applicable reserves and rights to indemnification, is not likely to have a material adverse effect on: the Separate Account; the ability of EFSI to perform its contract with the Separate Account; or the Company's ability to meet its obligations under the Contracts.

#### LEGAL MATTERS
Pursuant to Commodity Futures Trading Commission Rule 4.5, Empower has claimed an exclusion from the definition of the term "commodity pool operator" under the Commodity Exchange Act. Therefore, it is not subject to registration or regulation as a commodity pool operator under the Commodity Exchange Act.

#### Abandoned Property Requirements
Every state has unclaimed property laws that generally provide for escheatment to the state of unclaimed property (including proceeds of annuity contracts) under various circumstances. This "escheatment" is revocable, however, and the state is obligated to pay the applicable proceeds if the property owner steps forward to claim it with the proper documentation. To help prevent such escheatment, it is important that you keep your contact and other information on file with us up to date, including the names, contact information, and identifying information for the Owner, Annuitant, and Beneficiaries.

#### FINANCIAL STATEMENTS
The financial statements of Empower Annuity Insurance Company of America and the Series Account are incorporated by reference in the Statement of Additional Information.

#### AVAILABLE INFORMATION
You may Request a free copy of the SAI. Please direct any oral, written, or electronic Request for such documents to:

Retirement Resource Operations Center (Service Center)

Regular Mail:

PO Box 1854 <br>Birmingham, Alabama 35201-1854

Overnight Mail:

2801 Highway 280 South <br>Birmingham, Alabama 35223 <br>877-723-8723 <br>AnnuityOperations@greatwest.com

The SEC maintains a website (www.sec.gov) that contains the SAI and other information filed electronically by Empower concerning the Contract, the Riders, and the Series Account.

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#### APPENDIX: INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT
The following is a list of Portfolios available under the Contract. More information about the Portfolios is available in the prospectuses for the Portfolios, 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 855-920-9713 or by sending an email request to prospectus@protective.com. Depending on the optional benefits you choose, you may not be able to invest in certain Portfolios.

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

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Asset <br>Allocation <br>Type** | **Portfolio Company - Investment Adviser; <br>*Sub-Adviser(s), as applicable*** | **Current <br>Expenses** | **Fund <br>Facilitation <br>Fee for FFF <br>Portfolios** | **Current <br>Expenses <br>+ Fund <br>Facilitation <br>Fee** | **Average Annual <br>Total Returns <br>*(as of 12/31/2025)*** | **Average Annual <br>Total Returns <br>*(as of 12/31/2025)*** | **Average Annual <br>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** | **Fund <br>Facilitation <br>Fee for FFF <br>Portfolios** | **Current <br>Expenses <br>+ Fund <br>Facilitation <br>Fee** | **1 Year**  | **5 Year**  | **10 Year**  |
| **Investment Strategy Portfolios** | **Investment Strategy Portfolios** | **Investment Strategy Portfolios** | **Investment Strategy Portfolios** | **Investment Strategy Portfolios** | **Investment Strategy Portfolios** | **Investment Strategy Portfolios** | **Investment Strategy Portfolios** |
| Sector Equity | ALPS/Alerian Energy Infrastructure Portfolio - Class III | 1.30% |  |  | 4.66% | 22.60% | 10.70% |
| International <br>Equity | ALPS/Global Opportunity Portfolio - Class III <sup>(1)</sup> | 1.76% |  |  | 1.36% | 6.30% | 9.36% |
| International <br>Equity | American Funds Insurance Series<sup>®</sup> Capital World Growth and Income Fund<sup>®</sup> - Class 4 - Capital Research and Management Company <sup>(1)</sup> | 0.91% |  |  | 24.46% | 10.01% | 10.74% |
| International <br>Equity | American Funds Insurance Series<sup>®</sup> EUPAC Fund<sup>TM</sup> - Class 4 - Capital Research and Management Company (formerly, American Funds Insurance Series<sup>®</sup> International Fund - Class 4) <sup>(1)</sup> | 0.97% |  |  | 26.41% | 3.14% | 6.73% |
| U.S. Equity | American Funds Insurance Series<sup>®</sup> Growth Fund - Class 4 - Capital Research and Management Company | 0.83% |  |  | 19.93% | 13.09% | 17.67% |
| U.S. Equity | American Funds Insurance Series<sup>®</sup> Growth-Income Fund - Class 4 - Capital Research and Management Company | 0.78% |  |  | 17.77% | 13.62% | 13.63% |
| International <br>Equity | American Funds Insurance Series<sup>®</sup> New World Fund<sup>®</sup> - Class 4 - Capital Research and Management Company <sup>(1)</sup> | 1.07% |  |  | 27.92% | 5.06% | 8.98% |
| U.S. Equity | American Funds Insurance Series<sup>®</sup> Washington Mutual Investors Fund<sup>SM</sup> - Class 4 - Capital Research and Management Company <sup>(1)</sup> | 0.75% |  |  | 16.90% | 13.60% | 12.08% |
| Allocation | BlackRock 60/40 Target Allocation ETF V.I. Fund - Class III <sup>(1)</sup> | 0.58% |  |  | 15.37% | 7.05% | 8.45% |
| Allocation | BlackRock Global Allocation V.I. Fund - Class III <sup>(1)</sup> | 1.01% |  |  | 19.42% | 5.51% | 7.33% |
| Taxable Bond | BlackRock High Yield V.I. Fund - Class III <sup>(1)</sup> | 0.78% |  |  | 9.09% | 4.57% | 6.07% |
| U.S. Equity | ClearBridge Variable Mid Cap Portfolio - Class II - Franklin Templeton Fund Adviser, LLC <sup>(3)</sup> | 1.07% |  |  | 4.08% | 4.23% | 7.24% |
| U.S. Equity | ClearBridge Variable Small Cap Growth Portfolio - Class II - Franklin Templeton Fund Adviser, LLC | 1.06% |  |  | 8.97% | -0.42% | 9.11% |
| Taxable Bond | Columbia Variable Portfolio - Strategic Income Fund - Class 2 <sup>(1)</sup> | 0.94% |  |  | 6.88% | 1.87% | 3.99% |
| U.S. Equity | Dimensional VA Equity Allocation Portfolio - Institutional Class <sup>(1)(2)</sup> | 0.31% | 0.35% | 0.66% | 19.94% | 12.23% |  |
| Taxable Bond | Dimensional VA Global Bond Portfolio - Institutional Class  | 0.21% | 0.35% | 0.56% | 4.35% | 1.38% | 1.81% |
| Allocation | Dimensional VA Global Moderate Allocation Portfolio - Institutional Class <sup>(1)(2)</sup>  | 0.28% | 0.35% | 0.63% | 14.68% | 8.42% | 8.65% |
| International <br>Equity | Dimensional VA International Small Portfolio - Institutional Class <sup>(2)</sup> | 0.39% | 0.35% | 0.74% | 36.99% | 8.89% | 8.68% |
| International <br>Equity | Dimensional VA International Value Portfolio - Institutional Class <sup>(2)</sup> | 0.27% | 0.35% | 0.62% | 45.64% | 15.85% | 10.46% |

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|:---|:---|:---|:---|:---|:---|:---|:---|
| **Asset <br>Allocation <br>Type** | **Portfolio Company - Investment Adviser; <br>*Sub-Adviser(s), as applicable*** | **Current <br>Expenses** | **Fund <br>Facilitation <br>Fee for FFF <br>Portfolios** | **Current <br>Expenses <br>+ Fund <br>Facilitation <br>Fee** | **Average Annual <br>Total Returns <br>*(as of 12/31/2025)*** | **Average Annual <br>Total Returns <br>*(as of 12/31/2025)*** | **Average Annual <br>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** | **Fund <br>Facilitation <br>Fee for FFF <br>Portfolios** | **Current <br>Expenses <br>+ Fund <br>Facilitation <br>Fee** | **1 Year**  | **5 Year**  | **10 Year**  |
| Taxable Bond | Dimensional VA Short-Term Fixed Portfolio - Institutional Class <sup>(2)</sup> | 0.12% | 0.35% | 0.47% | 4.33% | 2.65% | 1.97% |
| U.S. Equity | Dimensional VA U.S. Large Value Portfolio - Institutional Class <sup>(2)</sup> | 0.21% | 0.35% | 0.56% | 15.83% | 11.97% | 10.51% |
| U.S. Equity | Dimensional VA U.S. Targeted Value Portfolio - Institutional Class <sup>(2)</sup> | 0.29% | 0.35% | 0.64% | 8.95% | 13.60% | 11.00% |
| 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% |
| 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)</sup>* | 0.99% |  |  | 7.54% | -2.20% | 0.27% |
| Taxable Bond | Empower High Yield Bond Fund - Investor Class - *Franklin Advisers, Inc.* <sup>(1)</sup> | 0.93% |  |  | 8.96% | 3.57% | 5.98% |
| 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 Growth Fund - Investor Class - J.P. Morgan Investment Management, Inc.;Lazard Asset Management LLC<sup>(1)</sup>* | 1.20% |  |  | 11.55% | -0.02% | 6.08% |
| International <br>Equity | Empower International Index Fund - Investor Class - *Irish Life Investment Managers Limited* | 0.58% |  |  | 30.92% | 8.38% | 7.73% |
| International <br>Equity | *Empower International Value Fund - Investor Class - LSV Asset Management;Massachusetts Financial Services Company<sup>(1)</sup>* | 1.07% |  |  | 39.10% | 10.23% | 9.23% |
| U.S. Equity | *Empower Large Cap Growth Fund - Investor Class - Victory Capital Management, Inc.;JPMorgan Investment Management, Inc.<sup>(1)</sup>* | 0.98% |  |  | 13.98% | 12.14% | 16.21% |
| U.S. Equity | *Empower Large Cap Value Fund - Investor Class - T. Rowe Price Associates, Inc.;Putnam Investment Management, LLC<sup>(1)</sup>* | 0.96% |  |  | 16.93% | 12.98% | 11.67% |
| Allocation | Empower Lifetime 2015 Fund - Investor Class <sup>(1)</sup> | 0.74% |  |  | 10.14% | 4.24% | 6.01% |
| Allocation | Empower Lifetime 2020 Fund - Investor Class <sup>(1)</sup> | 0.76% |  |  | 10.69% | 4.53% |  |
| Allocation | Empower Lifetime 2025 Fund - Investor Class <sup>(1)</sup> | 0.79% |  |  | 11.70% | 4.96% | 6.98% |
| Allocation | Empower Lifetime 2030 Fund - Investor Class <sup>(1)</sup> | 0.81% |  |  | 12.97% | 5.63% |  |
| Allocation | Empower Lifetime 2035 Fund - Investor Class <sup>(1)</sup> | 0.83% |  |  | 14.35% | 6.46% | 8.45% |
| Allocation | Empower Lifetime 2040 Fund - Investor Class <sup>(1)</sup> | 0.85% |  |  | 15.68% | 7.28% |  |
| Allocation | Empower Lifetime 2045 Fund - Investor Class | 0.88% |  |  | 16.71% | 7.82% | 9.47% |
| Allocation | Empower Lifetime 2050 Fund - Investor Class | 0.88% |  |  | 17.26% | 8.03% |  |
| Allocation | Empower Lifetime 2055 Fund - Investor Class | 0.88% |  |  | 17.71% | 8.05% | 9.58% |
| U.S. Equity | Empower Mid Cap Value Fund - Investor Class - *Goldman Sachs Asset Management, L.P.* (1) | 1.05% |  |  | 8.32% | 10.63% | 9.40% |
| Allocation | Empower Moderately Aggressive Profile Fund - Investor Class | 1.13% |  |  | 13.79% | 7.01% | 8.20% |
| Taxable Bond | Empower Multi-Sector Bond Fund - Investor Class - *Loomis, Sayles & Company, L.P.; Virtus Fixed Income Advisers, LLC* <sup>(1)</sup> | 0.90% |  |  | 7.98% | 1.83% | 4.35% |

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|:---|:---|:---|:---|:---|:---|:---|:---|
| **Asset <br>Allocation <br>Type** | **Portfolio Company - Investment Adviser; <br>*Sub-Adviser(s), as applicable*** | **Current <br>Expenses** | **Fund <br>Facilitation <br>Fee for FFF <br>Portfolios** | **Current <br>Expenses <br>+ Fund <br>Facilitation <br>Fee** | **Average Annual <br>Total Returns <br>*(as of 12/31/2025)*** | **Average Annual <br>Total Returns <br>*(as of 12/31/2025)*** | **Average Annual <br>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** | **Fund <br>Facilitation <br>Fee for FFF <br>Portfolios** | **Current <br>Expenses <br>+ Fund <br>Facilitation <br>Fee** | **1 Year**  | **5 Year**  | **10 Year**  |
| 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 500<sup>®</sup> Index Fund - Investor Class - *Irish Life Investment Managers Limited* | 0.49% |  |  | 17.30% | 13.85% | 14.22% |
| 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 - Service Class <sup>(1)</sup> | 1.06% |  |  | 8.18% | 3.45% | 5.33% |
| Allocation | *Fidelity<sup>®</sup> VIP Balanced Portfolio - Service Class 2 - FMR Investment Management (U.K.) Limited;Fidelity Management & Research (Japan) Limited; Fidelity Management & Research (HK) Ltd* | 0.66% |  |  | 14.96% | 9.24% | 10.84% |
| Money Market | *Fidelity<sup>®</sup> VIP Government Money Market Portfolio - Initial Class - FMR Investment Management (U.K.) Limited;Fidelity Management & Research (Japan) Limited; Fidelity Management & Research (HK) Ltd* | 0.25% |  |  | 4.13% | 3.10% | 2.03% |
| International <br>Equity | *Fidelity<sup>®</sup> VIP International Capital Appreciation 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<sup>(2)</sup>* | 1.02% |  |  | 18.36% | 5.99% | 9.53% |
| Allocation | First Trust/Dow Jones Dividend & Income Allocation Portfolio - Class I | 1.18% |  |  | 5.30% | 3.98% | 6.68% |
| Allocation | Franklin Income VIP Fund - Class 4 <sup>(1)</sup> | 0.82% |  |  | 12.43% | 7.54% | 7.19% |
| U.S. Equity | Goldman Sachs VIT U.S. Equity Insights Fund - Service Class <sup>(1)</sup> | 0.77% |  |  | 15.49% | 13.56% | 13.48% |
| Taxable Bond | Invesco<sup>®</sup> V.I. Core Plus Bond Fund - Series II <sup>(1)</sup> | 0.87% |  |  | 6.96% | -0.36% | 2.73% |
| International <br>Equity | Invesco<sup>®</sup> V.I. EQV International Equity Fund - Series II  | 1.15% |  |  | 16.23% | 3.42% | 5.95% |
| Sector Equity | Invesco<sup>®</sup> V.I. Global Real Estate Fund - Series II | 1.27% |  |  | 7.61% | 1.49% | 2.18% |
| U.S. Equity | Invesco<sup>®</sup> V.I. Growth and Income Fund - Series II | 1.00% |  |  | 15.30% | 12.56% | 10.46% |
| International <br>Equity | Invesco<sup>®</sup> V.I. International Growth Fund - Series II <sup>(1)(3)</sup>*(formerly Invesco*<sup>®</sup> *Oppenheimer V.I. International Growth Fund - Series II)* | 1.25% |  |  | 15.53% | 1.88% | 5.34% |
| U.S. Equity | Invesco<sup>®</sup> V.I. Main Street Small Cap Fund<sup>®</sup> - Series II  | 1.09% |  |  | 8.44% | 8.07% | 10.31% |
| U.S. Equity | Invesco<sup>®</sup> V.I. Small Cap Equity Fund - Series II | 1.21% |  |  | 7.83% | 7.06% | 9.28% |
| Allocation | Janus Henderson Balanced Portfolio - Service Shares | 0.87% |  |  | 14.82% | 8.21% | 9.86% |
| U.S. Equity | Janus Henderson Enterprise Portfolio - Service Shares | 0.97% |  |  | 7.41% | 7.35% | 12.51% |
| Taxable Bond | Janus Henderson Flexible Bond Portfolio - Service Shares <sup>(1)</sup> | 0.82% |  |  | 7.22% | -0.47% | 2.07% |

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

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Asset <br>Allocation <br>Type** | **Portfolio Company - Investment Adviser; <br>*Sub-Adviser(s), as applicable*** | **Current <br>Expenses** | **Fund <br>Facilitation <br>Fee for FFF <br>Portfolios** | **Current <br>Expenses <br>+ Fund <br>Facilitation <br>Fee** | **Average Annual <br>Total Returns <br>*(as of 12/31/2025)*** | **Average Annual <br>Total Returns <br>*(as of 12/31/2025)*** | **Average Annual <br>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** | **Fund <br>Facilitation <br>Fee for FFF <br>Portfolios** | **Current <br>Expenses <br>+ Fund <br>Facilitation <br>Fee** | **1 Year**  | **5 Year**  | **10 Year**  |
| U.S. Equity | Lord Abbett Series Fund - Developing Growth Portfolio - Class VC <sup>(1)</sup> | 1.04% |  |  | 14.59% | -1.17% | 11.03% |
| Taxable Bond | LVIP American Century Inflation Protection Fund - Service Class - Lincoln Financial Investments Corporation <sup>(1)</sup> | 0.72% |  |  | 6.33% | 0.62% | 2.61% |
| U.S. Equity | LVIP American Century Mid Cap Value Fund - Service Class - Lincoln Financial Investments Corporation <sup>(1)</sup> | 1.01% |  |  | 8.83% | 8.72% | 8.96% |
| U.S. Equity | LVIP American Century Value Fund - Service Class - Lincoln Financial Investments Corporation <sup>(1)</sup> | 0.86% |  |  | 15.85% | 11.47% | 10.07% |
| U.S. Equity | LVIP ClearBridge Large Cap Growth Fund - Service Class - Franklin Templeton Fund Adviser, LLC (formerly, Clearbridge Variable Large Cap Growth Portfolio) <sup>(1)</sup> | 0.99% |  |  | 8.35% | 10.29% |  |
| U.S. Equity | LVIP JPMorgan Small Cap Core Fund - Service Class - Lincoln Financial Investments Corporation | 1.02% |  |  | 10.00% | 6.13% | 8.66% |
| Sector Equity | LVIP Nomura U.S. REIT Fund - Service Class - Lincoln Financial Investments Corporation - *Nomura Investments Advisers; Macquarie Investment Management Global Limited* (formerly, LVIP Macquarie U.S. REIT Fund - Service Class) <sup>(1)</sup> | 1.13% |  |  | 0.72% | 5.24% | 3.74% |
| U.S. Equity | MFS<sup>®</sup> VIT II Blended Research<sup>®</sup> Core Equity Portfolio - Service Class - Massachusetts Financial Services Company <sup>(1)</sup> | 0.55% |  |  | 15.82% | 15.01% | 13.59% |
| International <br>Equity | MFS<sup>®</sup> VIT II International Growth Portfolio - Service Class - Massachusetts Financial Services Company <sup>(1)</sup> | 1.13% |  |  | 20.81% | 6.80% | 9.60% |
| Sector Equity | MFS<sup>®</sup> VIT II Technology Portfolio - Service Class - Massachusetts Financial Services Company <sup>(1)</sup> | 1.07% |  |  | 16.28% | 12.17% | 18.35% |
| U.S. Equity | MFS<sup>®</sup> VIT III Blended Research<sup>®</sup> Small Cap Equity Portfolio - Service Class - Massachusetts Financial Services Company <sup>(1)</sup> | 0.83% |  |  | 5.49% | 6.62% | 8.82% |
| U.S. Equity | Neuberger Berman AMT Quality Equity Portfolio - Class S (formerly Neuberger Berman AMT Sustainable Equity Portfolio - Class S) | 1.12% |  |  | 13.43% | 12.54% | 12.66% |
| International <br>Equity | Nomura VIP Emerging Markets Series - Service Class *-* Delaware Management Company, a series of Nomura Investment Management Business Trust (formerly, Macquarie VIP Emerging Markets Series - Service Class)<sup>(1)</sup> | 1.46% |  |  | 80.77% | 8.48% | 11.85% |
| Sector Equity | Nomura VIP Energy Series - Service Class - Delaware Management Company, a series of Nomura Investment Management Business Trust - *Van Eck Associates Corporation* (formerly, Macquarie VIP Energy Series - Service Class) <sup>(1)</sup> | 1.10% |  |  | 11.89% | 18.61% | 1.74% |
| International Equity | Nomura VIP International Core Equity Series - Service Class - Delaware Management Company, a series of Nomura Investment Management Business Trust (formerly, Macquarie VIP International Core Equity Series - Service Class) <sup>(1) (2)</sup> | 1.11% |  |  | 24.17% | 7.83% | 6.62% |
| 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 - Advisor Class - Pacific Investment Management Company LLC <sup>(1)</sup> | 3.29% |  |  | 18.85% | 10.47% | 6.43% |

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

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Asset <br>Allocation <br>Type** | **Portfolio Company - Investment Adviser; <br>*Sub-Adviser(s), as applicable*** | **Current <br>Expenses** | **Fund <br>Facilitation <br>Fee for FFF <br>Portfolios** | **Current <br>Expenses <br>+ Fund <br>Facilitation <br>Fee** | **Average Annual <br>Total Returns <br>*(as of 12/31/2025)*** | **Average Annual <br>Total Returns <br>*(as of 12/31/2025)*** | **Average Annual <br>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** | **Fund <br>Facilitation <br>Fee for FFF <br>Portfolios** | **Current <br>Expenses <br>+ Fund <br>Facilitation <br>Fee** | **1 Year**  | **5 Year**  | **10 Year**  |
| Taxable Bond | PIMCO VIT Long-Term U.S. Government Portfolio - Advisor Class - Pacific Investment Management Company LLC | 2.575% |  |  | 6.04% | -6.91% | -0.09% |
| Taxable Bond | PIMCO VIT Low Duration Portfolio - Advisor Class - Pacific Investment Management Company LLC | 0.76% |  |  | 5.42% | 1.47% | 1.69% |
| Taxable Bond | PIMCO VIT Real Return Portfolio - Advisor Class - Pacific Investment Management Company LLC | 1.49% |  |  | 7.74% | 1.11% | 3.11% |
| Taxable Bond | PIMCO VIT Short-Term Portfolio - Advisor Class - Pacific Investment Management Company LLC | 0.75% |  |  | 4.57% | 3.14% | 2.65% |
| Taxable Bond | PIMCO VIT Total Return Portfolio - Advisor Class - Pacific Investment Management Company LLC | 0.83% |  |  | 8.78% | -0.08% | 2.26% |
| U.S. Equity | *Putnam VT Core Equity Fund - Class IB - Franklin Templeton Investment Management Limited; Franklin Advisers, Inc.* | 0.92% |  |  | 16.81% | 15.96% | 15.20% |
| International <br>Equity | *Putnam VT Emerging Markets Equity Fund - Class IB - The Putnam Advisory Company, LLC; Franklin Templeton Investment Management Limited; Franklin Advisers, Inc.<sup>(1)</sup>* | 1.35% |  |  | 34.10% | 3.75% | 7.01% |
| International <br>Equity | *Putnam VT Focused International Equity Fund - Class IB - The Putnam Advisory Company, LLC; Franklin Templeton Investment Management Limited; Franklin Advisers, Inc.<sup>(1)</sup>* | 1.03% |  |  | 36.44% | 9.13% | 9.38% |
| Allocation | *Putnam VT Global Asset Allocation Fund - Class IB - Franklin Advisers, Inc.; Putnam Investment Management, LLC; Franklin Templeton Investment Management Limited; The Putnam Advisory Company, LLC<sup>(1)</sup>* | 1.09% |  |  | 14.38% | 8.39% | 8.43% |
| Taxable Bond | *Putnam VT Income Fund - Class IB - Franklin Advisers, Inc. - Putnam Investment Managment, LLC; Franklin Templeton Investment Management Limited* | 0.82% |  |  | 7.25% | -1.13% | 1.89% |
| International <br>Equity | *Putnam VT International Equity Fund - Class IB - The Putnam Advisory Company, LLC; Franklin Templeton Investment Management Limited; Franklin Advisers, Inc.* | 1.06% |  |  | 37.68% | 9.28% | 8.12% |
| International <br>Equity | *Putnam VT International Value Fund - Class IB - The Putnam Advisory Company, LLC; Franklin Templeton Investment Management Limited; Franklin Advisers, Inc.* | 1.06% |  |  | 34.68% | 12.49% | 8.86% |
| U.S. Equity | *Putnam VT Large Cap Growth Fund - Class IB - Franklin Templeton Investment Management Limited;Franklin Advisers, Inc.* | 0.88% |  |  | 14.34% | 13.44% | 17.66% |
| U.S. Equity | *Putnam VT Large Cap Value Fund - Class IB - Franklin Templeton Investment Management Limited; Franklin Advisers, Inc.* | 0.79% |  |  | 20.35% | 15.38% | 13.30% |
| Taxable Bond | Putnam VT Mortgage Securities Fund - Class IB - Franklin Advisers, Inc. - *Putnam Investment Management Limited; Franklin Templeton Investment Management Limited*<sup>(1)</sup> | 0.75% |  |  | 9.09% | 0.83% | 1.62% |
| U.S. Equity | *Putnam VT Small Cap Growth Fund - Class IB - Franklin Templeton Investment Management Limited; Franklin Advisers, Inc.<sup>(1)(3)</sup>* | 1.12% |  |  | 8.80% | 6.18% | 11.45% |
| U.S. Equity | *Putnam VT Small Cap Value Fund - Class IB - Franklin Templeton Investment Management Limited;Franklin Advisers, Inc.* | 1.02% |  |  | 5.27% | 10.99% | 9.13% |

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

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Asset <br>Allocation <br>Type** | **Portfolio Company - Investment Adviser; <br>*Sub-Adviser(s), as applicable*** | **Current <br>Expenses** | **Fund <br>Facilitation <br>Fee for FFF <br>Portfolios** | **Current <br>Expenses <br>+ Fund <br>Facilitation <br>Fee** | **Average Annual <br>Total Returns <br>*(as of 12/31/2025)*** | **Average Annual <br>Total Returns <br>*(as of 12/31/2025)*** | **Average Annual <br>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** | **Fund <br>Facilitation <br>Fee for FFF <br>Portfolios** | **Current <br>Expenses <br>+ Fund <br>Facilitation <br>Fee** | **1 Year**  | **5 Year**  | **10 Year**  |
| U.S. Equity | *Putnam VT U.S. Research Fund - Class IB - The Putnam Advisory Company, LLC; Franklin Templeton Investment Management Limited; Franklin Advisers, Inc. (formerly, Putnam VT Research Fund)* | 0.93% |  |  | 17.88% | 14.52% | 15.07% |
| U.S. Equity | T. Rowe Price<sup>®</sup> Blue Chip Growth Portfolio - II Class | 1.00% |  |  | 18.43% | 11.41% | 15.25% |
| Sector Equity | T. Rowe Price<sup>®</sup> Health Sciences Portfolio - II Class | 1.11% |  |  | 17.80% | 3.86% | 8.70% |
| Sector Equity | VanEck<sup>®</sup> VIP Global Resources Fund - Class S - Initial Class | 1.32% |  |  | 36.17% | 10.24% | 8.06% |
| **Income Strategy Covered Funds <br>(for Contracts with a Guaranteed Lifetime Withdrawal Benefit Rider)** | **Income Strategy Covered Funds <br>(for Contracts with a Guaranteed Lifetime Withdrawal Benefit Rider)** | **Income Strategy Covered Funds <br>(for Contracts with a Guaranteed Lifetime Withdrawal Benefit Rider)** | **Income Strategy Covered Funds <br>(for Contracts with a Guaranteed Lifetime Withdrawal Benefit Rider)** | **Income Strategy Covered Funds <br>(for Contracts with a Guaranteed Lifetime Withdrawal Benefit Rider)** | **Income Strategy Covered Funds <br>(for Contracts with a Guaranteed Lifetime Withdrawal Benefit Rider)** | **Income Strategy Covered Funds <br>(for Contracts with a Guaranteed Lifetime Withdrawal Benefit Rider)** | **Income Strategy Covered Funds <br>(for Contracts with a Guaranteed Lifetime Withdrawal Benefit Rider)** |
| Allocation | Empower Conservative Profile Fund - Class L <sup>(1)</sup> | 1.01% |  |  | 7.98% | 3.11% | 4.37% |
| Allocation | Empower Conservative Profile Fund - Investor Class <br> &nbsp;&nbsp;&nbsp;&nbsp;(1) (3) | 0.76% |  |  | 8.19% | 3.35% | 4.63% |
| Allocation | Empower Moderate Profile Fund - Class L <sup>(1)</sup> | 1.15% |  |  | 11.70% | 5.63% | 6.90% |
| Allocation | Empower Moderate Profile Fund - Investor Class <sup>(1)(3)</sup>  | 0.90% |  |  | 11.96% | 5.91% | 7.17% |
| Allocation | Empower Moderately Conservative Profile Fund - Class L <sup>(1)</sup> | 1.06% |  |  | 9.74% | 4.37% | 5.60% |
| Allocation | Empower Moderately Conservative Profile Fund - Investor Class <sup>(1)(3)</sup> | 0.81% |  |  | 10.03% | 4.61% | 5.87% |
| Allocation | Empower SecureFoundation<sup>®</sup> Balanced Fund - Class L <sup>(1)</sup> | 0.83% |  |  | 12.67% | 5.32% | 7.14% |

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

*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. Those contractual arrangements are designed to reduce total annual Portfolio operating expenses for Owners and will continue past the current year.*

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

 *Investment Strategy Portfolios that may only be accessed with additional payment of a Fund Facilitation Fee.* 

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

 *These Sub-Accounts investing in this Portfolio are closed to new Contributions and incoming Transfers.* 

***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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APPENDIX: STATE VARIATIONS TO THE CONTRACT, GLWB RIDERS, AND ENDORSEMENTS

The following chart discloses all material state variations to the Contract and GLWB Riders, as well as state variations to the Right to Cancel provisions:

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| | | | | |
|:---|:---|:---|:---|:---|
| STATE  | CONTRACT  | SIF GLWB RIDER  | SIM GLWB RIDER  | SIP GLWB RIDER  |
| CA  | RIGHT TO CANCEL<br> (If Contract Owner is age 60 years or over):<br> This policy may be returned within 30 days from the date you received it. During that 30-day period, your money will be placed in a fixed account or money-market fund, unless you direct that the premium be invested in a stock or bond portfolio underlying the policy during the 30-day period. If you do not direct that the premium be invested in a stock or bond portfolio, and if you return the policy within the 30-day period, you will be entitled to a refund of the premium and any policy fee paid. If you direct that the premium be invested in a stock or bond portfolio during the 30-day period, and if you return the policy during that period, you will be entitled to a refund of the policy's account value on the day the policy is received by the insurance company or agent who sold you this policy, which could be less than the premium you paid for the policy, plus any policy fee paid. | SECTION 9:ASSIGNMENT<br> In the event of an assignment or change of ownership, payments will continue to be made to the subsequent Owner based on the life of the original Covered Person.<br> SECTION 10: RIDER TERMINATION<br> (Provisions requiring Rider termination at the Annuitant's 99th birthday have been deleted.)<br> (Provisions requiring Rider termination upon a change of ownership have been deleted.)  | SECTION 9:ASSIGNMENT<br> In the event of an assignment or change of ownership, payments will continue to be made to the subsequent Owner based on the life of the original Covered Person.<br> SECTION 10: RIDER TERMINATION<br> (Provisions requiring Rider termination at the Annuitant's 99th birthday have been deleted.)<br> (Provisions requiring Rider termination upon a change of ownership have been deleted.)  | SECTION 9:ASSIGNMENT<br> In the event of an assignment or change of ownership, payments will continue to be made to the subsequent Owner based on the life of the original Covered Person.<br> SECTION 10: RIDER TERMINATION<br> (Provisions requiring Rider termination at the Annuitant's 99th birthday have been deleted.)<br> (Provisions requiring Rider termination upon a change of ownership have been deleted.)  |

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| | | | | |
|:---|:---|:---|:---|:---|
| **STATE**  | **CONTRACT**  | **SIF GLWB RIDER**  | **SIM GLWB RIDER**  | **SIP GLWB RIDER**  |
|  | **RIGHT TO CANCEL<br> (If Owner is not age 60 years or over):<br> You have a 10 day right to cancel. If the Contract is issued as a replacement of existing life insurance or annuity coverage, the right to cancel period is extended to 30 days from the date of receiving it. If you are not satisfied with the Contract, return it to the Retirement Resource Operations Center or an agent of the Company. The Contract will be void from the start, and the Company will refund the Annuity Account Value plus any charges and fees. The amount returned during the right to cancel period will not be subject to a Withdrawal Charge.**  |  |  |  |
| CT <br>(State <br>Variation <br>Only <br>Applicable <br>to Contracts <br>Issued <br>Before <br>12/4/2017) | 2.03 ASSIGNMENT<br> (Provisions restricting assignment of the GLWB Riders have been deleted.)  | **SECTION 9:ASSIGNMENT**<br> In the event of an assignment or change of ownership, payments will continue to be made to the subsequent Owner based on the life of the original Covered Person.<br> **SECTION 10: RIDER TERMINATION**<br> (Provisions requiring Rider termination at the Annuitant's 99th birthday have been deleted.)<br> (Provisions requiring Rider termination upon a change of ownership have been deleted.)  | **SECTION 9ASSIGNMENT**<br> In the event of an assignment or change of ownership, payments will continue to be made to the subsequent Owner based on the life of the original Covered Person.<br> **SECTION 10: RIDER TERMINATION**<br> (Provisions requiring Rider termination at the Annuitant's 99th birthday have been deleted.)<br> (Provisions requiring Rider termination upon a change of ownership have been deleted.)  | **SECTION 9:ASSIGNMENT**<br> In the event of an assignment or change of ownership, payments will continue to be made to the subsequent Owner based on the life of the original Covered Person.<br> **SECTION 10: RIDER TERMINATION**<br> (Provisions requiring Rider termination at the Annuitant's 99th birthday have been deleted.)<br> (Provisions requiring Rider termination upon a change of ownership have been deleted.)  |

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| | | | | |
|:---|:---|:---|:---|:---|
| **STATE**  | **CONTRACT**  | **SIF GLWB RIDER**  | **SIM GLWB RIDER**  | **SIP GLWB RIDER**  |
| FL |  | **SECTION 9:ASSIGNMENT**<br> In the event of an assignment or change of ownership, payments will continue to be made to the subsequent Owner based on the life of the original Covered Person. <br> **SECTION 10: RIDER TERMINATION**<br> (Provisions requiring Rider termination at the Annuitant's 99th birthday have been deleted.)<br> (Provisions requiring Rider termination upon a change of ownership have been deleted.)  | **SECTION 9:ASSIGNMENT**<br> In the event of an assignment or change of ownership, payments will continue to be made to the subsequent Owner based on the life of the original Covered Person. <br> **SECTION 10: RIDER TERMINATION**<br> (Provisions requiring Rider termination at the Annuitant's 99th birthday have been deleted.)<br> (Provisions requiring Rider termination upon a change of ownership have been deleted.)  | **SECTION 9:ASSIGNMENT**<br> In the event of an assignment or change of ownership, payments will continue to be made to the subsequent Owner based on the life of the original Covered Person.<br> **SECTION 10: RIDER TERMINATION**<br> (Provisions requiring Rider termination at the Annuitant's 99th birthday have been deleted.)<br> (Provisions requiring Rider termination upon a change of ownership have been deleted.)  |

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

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| | | | | |
|:---|:---|:---|:---|:---|
| **STATE**  | **CONTRACT**  | **SIF GLWB RIDER**  | **SIM GLWB RIDER**  | **SIP GLWB RIDER**  |
| &nbsp;&nbsp;&nbsp; MT  | **6.02 DEATH BENEFIT** The death benefit will be the return of the Annuity Account Value as of the date the Request for payment is received less Premium Tax. When this Contract becomes a claim, settlement will be made within 60 days of receipt of due proof of death. If settlement is made after the first 30 days, the settlement shall include interest earned from the 30th day until the date of settlement. Interest will be paid at a rate no less than required by Montana law. <br> 8.07 CONFORMITY WITH MONTANA STATUTES<br> The provisions of this Contract conform to the minimum requirements of Montana law and control over any conflicting statutes of any state in which the insured resides on or after the effective date of this Contract.  |  |  |  |

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

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| | | | | |
|:---|:---|:---|:---|:---|
| **STATE**  | **CONTRACT**  | **SIF GLWB RIDER**  | **SIM GLWB RIDER**  | **SIP GLWB RIDER**  |
| &nbsp;&nbsp;&nbsp; ND  | **Front Cover**<br> If the Contract is issued as a replacement of existing life insurance or annuity coverage, the right to cancel period is extended to 30 days from the date of receiving it. <br> **RIGHT TO CANCEL**<br> **There is a 20 day right to cancel. If you are not satisfied with the Contract, return it to the Retirement Resource Operations Center or an agent of the Company. The Contract will be void from the start, and the Company will refund the Annuity Account Value plus any charges and fees.**<br> 6.02 DEATH BENEFIT<br> The death benefit will be the return of the Annuity Account Value as of the date the Request for payment is received less Premium Tax. Payments will include reasonable interest accrued from the date of death and will be made no later than 2 months after receipt of notice.  |  |  |  |

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

The following chart discloses all material state variations to the Contract Endorsements:

---

| | | |
|:---|:---|:---|
| **STATE**  | **Non-Grantor Trust Endorsement**  | **Pre-Selected Beneficiary Payout Options Endorsement**  |
| CA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TERMINATION**<br> This Endorsement will terminate:<br> (1)<br>upon termination of the Contract,<br>(2)<br>the date the Contract is annuitized,<br>(3)<br>the date death benefits are paid,<br>(4)<br>the date the Contract is surrendered,<br>(5)<br>for Qualified Annuity Contracts, the date there is any change of ownership under the Contract from a Non-Grantor Trust to a natural person, or<br>(6)<br>for Non-Qualified Annuity Contracts, upon Request by the Owner after a change of ownership under the Contract from a Non-Grantor Trust to a natural person. <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TERMINATION**<br> This Pre-Selected Beneficiary Payout Option Endorsement will terminate:<br> (1)<br>on termination or surrender of the Contract;<br>(2)<br>upon a Joint Covered Person taking sole Ownership of the Contract;<br>(3)<br>for Qualified Annuity Contracts, upon transfer of Ownership or assignment of the Contract;<br>(4)<br>for Non-Qualified Annuity Contracts, upon Request by the Owner after a change of ownership or assignment of the Contract.<br>(5)<br>on the Annuity Commencement Date; or<br>(6)<br>on cancellation or revocation of any Pre-Selected Beneficiary Payout Options elected by the Owner prior to death.<br>|

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

#### APPENDIX: GUARANTEED ANNUAL WITHDRAWAL PERCENTAGES AND CREDITS
Below are the Guaranteed Annual Withdrawal percentages (GAW%), Joint GAW%, Distribution Credit, and Accumulation Credit applicable to the GLWB Riders described in the Prospectus for the Contract. You may contact the Retirement Resource Operations Center at (877) 723-8723 for the rates and credits applicable to your Contract. A complete description of the GLWB Riders can be found in the section of the Prospectus entitled "Guaranteed Lifetime Withdrawal Benefit."

#### CONTRACT APPLICATIONS SIGNED BETWEEN JUNE 4, 2018, AND DECEMBER 14, 2020:
The tables below list the GLWB Rider GAW%, Joint GAW%, Distribution Credit, and Accumulation Credit applicable for Contract applications signed between June 4, 2018, and December 14, 2020 (the final date the Contract was available for purchase).

#### Great-West Secure Income Foundation GLWB Rider:
As shown in the following table, the GAW% for a single Covered Person is based on the age when GAWs begin; if there are Joint Covered Persons, the GAW% is calculated based on the age of the younger Covered Person (the Joint GAW%).

---

| | | |
|:---|:---|:---|
| **Age When GAWs Begin**  | **Single GAW%**  | **Joint GAW%**  |
| 59.5-64  | 4.00% | 3.50% |
| 65-69  | 5.10% | 4.60% |
| 70-74  | 5.50% | 5.00% |
| 75-79  | 5.50% | 5.00% |
| 80+  | 6.50% | 6.00% |

---

#### Great-West Secure Income Max GLWB Rider:
As shown in the following table, the GAW% for a single Covered Person is based on the age when GAWs begin; if there are Joint Covered Persons, the GAW% is calculated based on the age of the younger Covered Person (the Joint GAW%). The Distribution Credit increases the GAW% for Contributions aged at least 5 years.

---

| | | | |
|:---|:---|:---|:---|
| **Age When GAWs Begin**  | **Single GAW%**  | **Joint GAW%**  | **Distribution <br>Credit**  |
| 59.5-64  | 4.00% | 3.50% | 1% |
| 65-69  | 5.50% | 5.00% | 1% |
| 70-74  | 6.00% | 5.50% | 1% |
| 75-79  | 6.00% | 5.50% | 1% |
| 80+  | 6.50% | 6.00% | 1% |

---

#### Great-West Secure Income Plus GLWB Rider:
As shown in the following table, the GAW% for a single Covered Person is based on the age when GAWs begin; if there are Joint Covered Persons, the GAW% is calculated based on the age of the younger Covered Person (the Joint GAW%). The Accumulation Credit of 5% is used to determine the guaranteed minimum amount the Benefit Base will increase for each Contract Year up to a maximum of 10 Contract Years.

---

| | | |
|:---|:---|:---|
| **Age When GAWs Begin**  | **Single GAW%**  | **Joint GAW%**  |
| 59.5-64  | 4.00% | 3.50% |
| 65-69  | 5.00% | 4.50% |
| 70-74  | 5.00% | 4.50% |
| 75-79  | 5.00% | 4.50% |
| 80+  | 6.00% | 5.50% |

---

#### CONTRACT APPLICATIONS SIGNED BETWEEN MAY 1, 2018, AND JUNE 3, 2018:
The tables below list the GLWB Rider GAW%, Joint GAW%, Distribution Credit, and Accumulation Credit applicable for Contract applications signed between May 1, 2018, and June 3, 2018.

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

#### Great-West Secure Income Foundation GLWB Rider:
As shown in the following table, the GAW% for a single Covered Person is based on the age when GAWs begin; if there are Joint Covered Persons, the GAW% is calculated based on the age of the younger Covered Person (the Joint GAW%).

---

| | | |
|:---|:---|:---|
| **Age When GAWs Begin**  | **Single GAW%**  | **Joint GAW%**  |
| 59.5-64  | 4.00% | 3.50% |
| 65-69  | 5.10% | 4.60% |
| 70-74  | 5.50% | 5.00% |
| 75-79  | 5.50% | 5.00% |
| 80+  | 6.50% | 6.00% |

---

#### Great-West Secure Income Max GLWB Rider:
As shown in the following table, the GAW% for a single Covered Person is based on the age when GAWs begin; if there are Joint Covered Persons, the GAW% is calculated based on the age of the younger Covered Person (the Joint GAW%). The Distribution Credit increases the GAW% for Contributions aged at least 5 years.

---

| | | | |
|:---|:---|:---|:---|
| **Age When GAWs Begin**  | **Single GAW%**  | **Joint GAW%**  | **Distribution <br>Credit**  |
| 59.5-64  | 4.00% | 3.50% | 1% |
| 65-69  | 5.40% | 4.90% | 1% |
| 70-74  | 5.80% | 5.30% | 1% |
| 75-79  | 5.80% | 5.30% | 1% |
| 80+  | 6.50% | 6.00% | 1% |

---

#### Great-West Secure Income Plus GLWB Rider:
As shown in the following table, the GAW% for a single Covered Person is based on the age when GAWs begin; if there are Joint Covered Persons, the GAW% is calculated based on the age of the younger Covered Person (the Joint GAW%). The Accumulation Credit of 5% is used to determine the guaranteed minimum amount the Benefit Base will increase for each Contract Year up to a maximum of 10 Contract Years.

---

| | | |
|:---|:---|:---|
| **Age When GAWs Begin**  | **Single GAW%**  | **Joint GAW%**  |
| 59.5-64  | 4.00% | 3.50% |
| 65-69  | 5.00% | 4.50% |
| 70-74  | 5.00% | 4.50% |
| 75-79  | 5.00% | 4.50% |
| 80+  | 6.00% | 5.50% |

---

#### CONTRACT APPLICATIONS SIGNED BETWEEN DECEMBER 4, 2017, AND APRIL 30, 2018:
The tables below list the GLWB Rider GAW%, Joint GAW%, Distribution Credit, and Accumulation Credit applicable for Contract applications signed between December 4, 2017, and April 30, 2018.

#### Great-West Secure Income Foundation GLWB Rider:
The GAW% for a single Covered Person is based on the age when GAWs begin according to the following table:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **GAW% Table** | **GAW% Table** | **GAW% Table** | **GAW% Table** | **GAW% Table** |
| | **Age 59½-64**  | **Age 65-69**  | **Age 70-79**  | **Age 80+**  |
| % of Benefit Base  | 4.00% | 5.10% | 5.50% | 6.50% |

---

If there are Joint Covered Persons, a single GAW% is calculated based on the age of the younger Covered Person. This rate is the Joint GAW% and is based on the following table:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Joint GAW% Table**  | **Joint GAW% Table**  | **Joint GAW% Table**  | **Joint GAW% Table**  | **Joint GAW% Table**  |
| | **Age 59½-64**  | **Age 65-69**  | **Age 70-79**  | **Age 80+**  |
| % of Benefit Base  | 3.50% | 4.60% | 5.00% | 6.00% |

---

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

Great-West Secure Income Max GLWB Rider:

The Distribution Credit for the Great-West Secure Income Max GLWB Rider is 1% for Contributions aged at least 5 years. The GAW% for a single Covered Person is based on the following table:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | Age When <br>GAWs Begin  | Age When <br>GAWs Begin  | Age When <br>GAWs Begin  | Age When <br>GAWs Begin  | Age When <br>GAWs Begin  |
|  |  | 59.5-64 | 65-69 | 70-79 | 80+ |
| % of Benefit Base  |  | 4.00% | 5.40% | 5.80% | 6.50% |

---

If there are Joint Covered Persons, a single GAW% is calculated based on the age of the younger Covered Person. This rate is the Joint GAW% and is based on the following table:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | Age of Younger <br>Covered Person <br>When GAWs <br>Begin  | Age of Younger <br>Covered Person <br>When GAWs <br>Begin  | Age of Younger <br>Covered Person <br>When GAWs <br>Begin  | Age of Younger <br>Covered Person <br>When GAWs <br>Begin  | Age of Younger <br>Covered Person <br>When GAWs <br>Begin  | Age of Younger <br>Covered Person <br>When GAWs <br>Begin  |
|  | 59.5-64 |  | 65-69 | 70-79 |  | 80+ |
| % of Benefit Base  | 3.50% |  | 4.90% | 5.30% |  | 6.00% |

---

Great-West Secure Income Plus GLWB Rider:

The Accumulation Credit used to determine the guaranteed minimum amount for the Great-West Secure Income Plus GLWB Rider is 5%. The GAW% for a single Covered Person is based on the following table:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | Age When <br>GAWs Begin  | Age When <br>GAWs Begin  | Age When <br>GAWs Begin  | Age When <br>GAWs Begin  | Age When <br>GAWs Begin  |
|  |  | 59.5-64 | 65-69 | 70-79 | 80+ |
| % of Benefit Base  |  | 4.00% | 5.00% | 5.00% | 6.00% |

---

If there are Joint Covered Persons, a single GAW% is calculated based on the age of the younger Covered Person. This rate is the Joint GAW% and is based on the following table:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | Age of Younger <br>Covered Person <br>When GAWs <br>Begin  | Age of Younger <br>Covered Person <br>When GAWs <br>Begin  | Age of Younger <br>Covered Person <br>When GAWs <br>Begin  | Age of Younger <br>Covered Person <br>When GAWs <br>Begin  | Age of Younger <br>Covered Person <br>When GAWs <br>Begin  | Age of Younger <br>Covered Person <br>When GAWs <br>Begin  |
|  | 59.5-64 |  | 65-69 | 70-79 |  | 80+ |
| % of Benefit Base  | 3.50% |  | 4.50% | 4.50% |  | 5.50% |

---

CONTRACT APPLICATIONS SIGNED PRIOR TO DECEMBER 4, 2017:

The tables below list the GLWB Rider GAW%, Joint GAW%, Distribution Credit, and Accumulation Credit applicable for Contract applications signed prior to December 4, 2017.

Great-West Secure Income Foundation GLWB Rider:

The GAW% for a single Covered Person is based on the age when GAWs begin according to the following table:

---

| | | | | |
|:---|:---|:---|:---|:---|
| GAW% Table  | GAW% Table  | GAW% Table  | GAW% Table  | GAW% Table  |
|  | Age 59½-64  | Age 65-69  | Age 70-79  | Age 80+  |
| % of Benefit Base  | 4.00% | 5.00% | 5.50% | 6.50% |

---

If there are Joint Covered Persons, a single GAW% is calculated based on the age of the younger Covered Person. This rate is the Joint GAW% and is based on the following table:

---

| | | | | |
|:---|:---|:---|:---|:---|
| Joint GAW% Table  | Joint GAW% Table  | Joint GAW% Table  | Joint GAW% Table  | Joint GAW% Table  |
|  | Age 59½-64  | Age 65-69  | Age 70-79  | Age 80+  |
| % of Benefit Base  | 3.50% | 4.50% | 5.00% | 6.00% |

---

Great-West Secure Income Max GLWB Rider:

The Distribution Credit for the Great-West Secure Income Max GLWB Rider is 1% for Contributions aged at least 5 years. The GAW% for a single Covered Person is based on the following table:

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | Age When <br>GAWs Begin  | Age When <br>GAWs Begin  | Age When <br>GAWs Begin  | Age When <br>GAWs Begin  | Age When <br>GAWs Begin  |
|  |  | 59.5-64 | 65-69 | 70-79 | 80+ |
| % of Benefit Base  |  | 4.00% | 5.00% | 5.50% | 6.50% |

---

If there are Joint Covered Persons, a single GAW% is calculated based on the age of the younger Covered Person. This rate is the Joint GAW% and is based on the following table:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | Age of Younger <br>Covered Person <br>When GAWs <br>Begin  | Age of Younger <br>Covered Person <br>When GAWs <br>Begin  | Age of Younger <br>Covered Person <br>When GAWs <br>Begin  | Age of Younger <br>Covered Person <br>When GAWs <br>Begin  | Age of Younger <br>Covered Person <br>When GAWs <br>Begin  | Age of Younger <br>Covered Person <br>When GAWs <br>Begin  |
|  | 59.5-64 |  | 65-69 | 70-79 |  | 80+ |
| % of Benefit Base  | 3.50% |  | 4.50% | 5.00% |  | 6.00% |

---

The Great-West Secure Income Max GLWB Rider increases each GAW% by 1% for Withdrawals that begin at least 5 years after the date of Rider Contribution.

Great-West Secure Income Plus GLWB Rider:

The Accumulation Credit used to determine the guaranteed minimum amount for the Great-West Secure Income Plus GLWB Rider is 5%. The GAW% for a single Covered Person is based on the following table:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | Age When <br>GAWs Begin  | Age When <br>GAWs Begin  | Age When <br>GAWs Begin  | Age When <br>GAWs Begin  | Age When <br>GAWs Begin  |
|  |  | 59.5-64 | 65-69 | 70-79 | 80+ |
| % of Benefit Base  |  | 4.00% | 5.00% | 5.00% | 6.00% |

---

If there are Joint Covered Persons, a single GAW% is calculated based on the age of the younger Covered Person. This rate is the Joint GAW% and is based on the following table:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | Age of Younger <br>Covered Person <br>When GAWs <br>Begin  | Age of Younger <br>Covered Person <br>When GAWs <br>Begin  | Age of Younger <br>Covered Person <br>When GAWs <br>Begin  | Age of Younger <br>Covered Person <br>When GAWs <br>Begin  | Age of Younger <br>Covered Person <br>When GAWs <br>Begin  | Age of Younger <br>Covered Person <br>When GAWs <br>Begin  |
|  | 59.5-64 |  | 65-69 | 70-79 |  | 80+ |
| % of Benefit Base  | 3.50% |  | 4.50% | 4.50% |  | 5.50% |

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

The Statement of Additional Information, which has been filed with the Securities and Exchange Commission ("SEC"), contains additional information about the Contract and the Series Account. The Statement of Additional Information has the same date as this Prospectus and is incorporated herein by reference. You may obtain a copy of the Statement of Additional Information free of charge by contacting the Service Center at the address or telephone number shown below. You may also obtain an electronic copy of the Statement of Additional Information, as well as other material that we file electronically and certain material incorporated by reference, at the SEC website (http://www.sec.gov).

Reports and other information about the Variable Annuity 2 Series Account are available on the SEC's website at http://www.sec.gov, and copies of the information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.

Service Center

Regular Mail <br>P.O. Box 1854 <br>Birmingham, Alabama 35201-1854

Overnight Mail <br>2801 Highway 280 South <br>Birmingham, Alabama 35223 <br>(800) 838-0650

EDGAR Contract Identifier: C000173055

------

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

**GREAT-WEST SMART TRACK** **<sup>®</sup> ADVISOR VARIABLE<br> ANNUITY**

**Individual Flexible Premium<br> Deferred Variable Annuity<br> Contracts**

**issued by**

**Empower Annuity Insurance Company of America<br> 8515 E. Orchard Road<br> Greenwood Village, Colorado 80111**

**STATEMENT OF ADDITIONAL INFORMATION**

This Statement of Additional Information is not a prospectus and should be read in conjunction with the Prospectus, dated May 1, 2026, which is available without charge by contacting the Service Center, Regular Mail: P.O. Box 1854, Birmingham, Alabama 35201-1854; Overnight Mail: 2801 Highway 280 South, Birmingham, Alabama 35223 or at (800) 838-0650.

The date of this Statement of Additional Information is May 1, 2026

 **TABLE OF CONTENTS**

---

| | |
|:---|:---|
| [GENERAL INFORMATION](#sai_001) | [3](#sai_001) |
| [EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA AND VARIABLE ANNUITY-2 SERIES ACCOUNT](#sai_002) | [3](#sai_002) |
| [SERVICES](#sai_003) | [3](#sai_003) |
| [INDEPENDENT AUDITORS](#sai_004) | [4](#sai_004) |
| [FINANCIAL STATEMENTS](#sai_005) | [4](#sai_005) |

---

**GENERAL INFORMATION**

In order to supplement the description in the Prospectus, the following provides additional information about the Contracts and other matters which may be of interest to you. Terms used in this Statement of Additional Information have the same meanings as are defined in the Prospectus under the heading "Special Terms."

**EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA<br> AND VARIABLE ANNUITY-2 SERIES ACCOUNT**

Empower Annuity Insurance Company of America ("Empower"), the issuer of the Contract, is a stock life insurance company that was originally organized under the laws of the State of Kansas as the National Interment Association. The Company's name was changed to Ranger National Life Insurance Company in 1963 and to Insuramerica Corporation in 1980, prior to changing to Empower's name in 1982. In September of 1990, Empower re-domesticated under the laws of the State of Colorado. Empower is qualified to sell life insurance and annuity contracts in Puerto Rico, U.S. Virgin Islands, Guam, the District of Columbia and all states except New York. Effective August 1, 2022, Great-West Life & Annuity Insurance Company was renamed Empower Annuity Insurance Company of America. Empower is a wholly-owned subsidiary of Empower Holdings, Inc. (formerly GWL&A Financial, Inc.), a Delaware holding company. Empower Holdings, Inc. is an indirect wholly-owned subsidiary of Great-West Lifeco Inc., a Canadian holding company. Great- West Lifeco Inc. is a subsidiary of Power Financial Corporation, a Canadian holding company with substantial interests in the financial services industry. Power Financial Corporation is a subsidiary of Power Corporation of Canada, a Canadian holding and management company. Through a group of private holding companies, The Desmarais Family Residuary Trust, created on October 8, 2013 under the Last Will and Testament of Paul G. Desmarais, has voting control of Power Corporation of Canada.

The assets allocated to the Variable Annuity-2 Series Account (the "Series Account") are the exclusive property of Empower. Registration of the Series Account under the Investment Company Act of 1940 does not involve supervision of the management or investment practices or policies of the Series Account or of Empower by the Securities and Exchange Commission. Empower may accumulate in the Series Account proceeds from charges under the Contracts and other amounts in excess of the Series Account assets representing reserves and liabilities under the Contract and other variable annuity contracts issued by Empower. Empower may from time to time transfer to its general account any of such excess amounts. Under certain remote circumstances, the assets of one Sub-Account may not be insulated from liability associated with another Sub-Account. The Series Account was established in accordance with Colorado law on June 25, 2009. Prior to September 19, 2011, the Series Account was known as Varifund Variable Annuity Account.

On June 3, 2019, Empower entered into an indemnity reinsurance agreement (the "Agreement") with Protective Life Insurance Company ("Protective") to indemnify and reinsure the obligations of Empower under substantially all of its non- participating individual life insurance and annuity business and group life and health business, including this Contract.

Under the Agreement, as of October 5, 2020, Protective provides administration and customer service for this Contract in accordance with the terms and conditions of the Contract. Empower will continue its present role as the issuer of your Contract and will remain responsible for the administration and customer service of the Contract. All of your rights and benefits under your Contract and Empower's obligations under the Contract remain unchanged. No compensation has been paid to Empower or Protective in connection with these services for these Contracts.

As of August 1, 2022. Great-West Life & Annuity Insurance Company and other entities within the Company's corporate group, including the underlying variable insurance funds historically marketed under the "Great-West Funds" brand, have adopted the brand name "Empower."

**SERVICES**

The assets of the Series Account are held by Empower. The assets of the Series Account are kept physically segregated and held separate and apart from the general account of Empower. Empower maintains records of all purchases and redemptions of shares of the Portfolios. Additional protection for the assets of the Series Account is afforded by a financial institution bond that includes fidelity coverage issued to Great-West LifeCo, Inc. and subsidiary companies in the amount of $50 million (Canadian) per occurrence and $100 million (Canadian) aggregate, which covers all officers and employees of Empower.

 **INDEPENDENT AUDITORS** 

The financial statements of the subaccounts that comprise Variable Annuity-2 Series Account as of December 31, 2025, and for each of the years or periods presented, have been incorporated by reference in this Statement of Additional Information in reliance upon the report of KPMG LLP, independent registered public accounting firm, and upon the authority of said firm as experts in accounting and auditing.

The business address for KPMG LLP is 420 20th Street North, Suite 1800, Birmingham, Alabama 35203.

The statutory-basis financial statements of Empower Annuity Insurance Company of America, as of December 31, 2025 and 2024, and for each of the three years in the period ended December 31, 2025, incorporated by reference in this Statement of Additional Information have been audited by Deloitte & Touche LLP, an independent auditor, as stated in their report which expresses an unmodified opinion on the statutory-basis financial statements and an adverse opinion on the accounting principles generally accepted in the United States. Such financial statements are incorporated by reference in reliance upon the report of such firm given their authority as experts in accounting and auditing.

**FINANCIAL STATEMENTS**

The audited statements of assets and liabilities of the subaccounts that comprise Variable Annuity-2 Series Account as of December 31, 2025, and the related statements of operations for the year or period then ended, and the statements of changes in net assets for each of the years or periods in the two-year period then ended as well as the Report of Independent Registered Public Accounting Firm are incorporated into the Statement of Additional Information by reference to the Series Account's [Form N-VPFS](https://www.sec.gov/Archives/edgar/data/851066/000110465926044676/tm263272d3_nvpfs.htm), File No. 811-05817, filed with the SEC on April 17, 2026.

The audited statutory balance sheets for Empower Annuity Insurance Company of America as of December 31, 2025 and 2024 and the related statutory statements of operations, changes in capital and surplus cash flows for each of the years in the three-year period ended December 31, 2025 as well as the report of the Independent Auditor of Empower Annuity Insurance Company of America is incorporated by reference to the Company Account's [Form N-VPFS](https://www.sec.gov/Archives/edgar/data/851066/000110465926040733/tm263272d15_nvpfs.htm), File No. 811-05817 filed with the SEC on April 8, 2026.

**PART C**

**OTHER INFORMATION**

**Item 27. Exhibits**

*(a) Board of Directors Resolutions*

(a) (1) [Certified copy of resolution of Board of Directors of Insurance Company authorizing the establishment of Registrant (formerly Varifund Variable Annuity Account) is incorporated herein by reference to the Form N-4 Registration Statement (File No. 333-162272), filed with the Commission on October 1, 2009.](http://www.sec.gov/Archives/edgar/data/851066/000085106609000058/resolution.htm)

*(b) Custodial Agreements – Not Applicable*

*(c) Underwriting Contracts*

(c) (1) [Underwriting Agreement between Insurance Company and GWFS Equities, Inc. is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-189114),](http://www.sec.gov/Archives/edgar/data/851066/000119312513359987/d590144dex993.htm)[filed with the Commission on September 6, 2013.](http://www.sec.gov/Archives/edgar/data/851066/000119312513359987/d590144dex993.htm)

(c) (2) [Underwriting Agreement between Insurance Company and IDI is incorporated herein by reference to Post-Eff](http://www.sec.gov/Archives/edgar/data/851066/000119312521156441/d110772dex99b3b.htm)[ective Amendment No. 16 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on May 10, 2021.](http://www.sec.gov/Archives/edgar/data/851066/000119312521156441/d110772dex99b3b.htm)

*(d) Contracts (Including Riders & Endorsements)*

(d) (1) [Form of Variable Annuity Contract is incorporated herein by reference to Registrant's Pre-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on October 17, 2016](http://www.sec.gov/Archives/edgar/data/851066/000119312516739276/d269592dex994a.htm)[.](http://www.sec.gov/Archives/edgar/data/851066/000119312516739276/d269592dex994a.htm)

(d) (2) [Form of Great-West Secure Income Foundation GLWB Rider is incorporated herein by reference to Registrant's Pre-Effective Amendment No. 1 to the](http://www.sec.gov/Archives/edgar/data/851066/000119312516739276/d269592dex994b.htm)[Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on October 17, 2016.](http://www.sec.gov/Archives/edgar/data/851066/000119312516739276/d269592dex994b.htm)

(d) (2) (i) [Forms of Amendment to Great-West Secure Income Foundation GLWB Rider are incorporated herein by reference to Registrant's Post-Effective Amendment No. 2 to th](http://www.sec.gov/Archives/edgar/data/851066/000119312517194079/d391681dex994b.htm)[e Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on June 5, 2017.](http://www.sec.gov/Archives/edgar/data/851066/000119312517194079/d391681dex994b.htm)

(d) (2) (ii) [Form of Amendment to Great-West Secure In](http://www.sec.gov/Archives/edgar/data/851066/000119312518050104/d394505dex994b.htm)[come Foundation GLWB Rider is incorporated herein by reference to Post-Effective Amendment No. 9 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on February 20, 2018.](http://www.sec.gov/Archives/edgar/data/851066/000119312518050104/d394505dex994b.htm)

(d) (2) (iii) [Form of Great-West Secure Income Plus GLWB Rider is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-4 Registration Statement (](http://www.sec.gov/Archives/edgar/data/851066/000119312516739276/d269592dex994c.htm)[File No. 333-212090), filed with the Commission on October 17, 2016.](http://www.sec.gov/Archives/edgar/data/851066/000119312516739276/d269592dex994c.htm)

(d) (2) (iv) [Forms of Amendment to Great-West Secure Income Plus GLWB Rider are incor](http://www.sec.gov/Archives/edgar/data/851066/000119312517194079/d391681dex994c.htm)[porated herein by reference to Post-Effective Amendment No. 2 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on June 5, 2017.](http://www.sec.gov/Archives/edgar/data/851066/000119312517194079/d391681dex994c.htm)

(d) (2) (v) [Form of Amendment to Great-West Secure Income Plus GLWB Rider is incorporated herein by reference to Post-Effective Amendment No. 9 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on February](http://www.sec.gov/Archives/edgar/data/851066/000119312518050104/d394505dex994c.htm)[20, 2018.](http://www.sec.gov/Archives/edgar/data/851066/000119312518050104/d394505dex994c.htm)

(d) (2) (vi) [Form of Amendment to Great-West Secure Income Plus GLWB Rider is incorporated herein by reference to Post-Effective Amendment No.](http://www.sec.gov/Archives/edgar/data/851066/000119312518131013/d535370dex994c.htm)[11 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on April 25, 2018.](http://www.sec.gov/Archives/edgar/data/851066/000119312518131013/d535370dex994c.htm)

(d) (3) [Form of Great-West Secure I](http://www.sec.gov/Archives/edgar/data/851066/000119312516739276/d269592dex994d.htm)[ncome Max GLWB Rider is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on October 17, 2016.](http://www.sec.gov/Archives/edgar/data/851066/000119312516739276/d269592dex994d.htm)

(d) (3) (i) [Forms of Amendment to Great-West Secure Income Max GLWB Rider are incorporated herein by reference to Post-Effective Amendment No. 2 to the Form N-4 Registrat](http://www.sec.gov/Archives/edgar/data/851066/000119312517194079/d391681dex994d.htm)[ion Statement (File No. 333-212090), filed with the Commission on June 5, 2017.](http://www.sec.gov/Archives/edgar/data/851066/000119312517194079/d391681dex994d.htm)

(d) (3) (ii) [Form of Amendment to Great-West Secure Income Max GLWB Rider](http://www.sec.gov/Archives/edgar/data/851066/000119312518050104/d394505dex994d.htm)[is incorporated herein by reference to Post-Effective Amendment No. 9 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on February 20, 2018.](http://www.sec.gov/Archives/edgar/data/851066/000119312518050104/d394505dex994d.htm)

(d) (3) (iii) [Form of Amendment to Great-West Secure Income Max GLWB Rider is incorporated herein by reference to Post-Effective Amendment No. 11 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commiss](http://www.sec.gov/Archives/edgar/data/851066/000119312518131013/d535370dex994d.htm)[ion on April 25, 2018.](http://www.sec.gov/Archives/edgar/data/851066/000119312518131013/d535370dex994d.htm)

(d) (4) [Form of Roth IRA Endorsement is incorporated herein by reference to Post-Effective Amendment No. 2 to the Form N-4 Registra](http://www.sec.gov/Archives/edgar/data/851066/000085106614000030/icc14-j777roth.htm)[tion Statement (File No. 333-212090), filed with the Commission on October 22, 2014.](http://www.sec.gov/Archives/edgar/data/851066/000085106614000030/icc14-j777roth.htm)

(d) (5) [Form of Return of Premium Death Benefit Endorsement is incor](http://www.sec.gov/Archives/edgar/data/851066/000119312516624658/d167579dex99b4f.htm)[porated herein by reference to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on June 17, 2016.](http://www.sec.gov/Archives/edgar/data/851066/000119312516624658/d167579dex99b4f.htm)

(d) (5) (i) [Form of](http://www.sec.gov/Archives/edgar/data/851066/000119312517308841/d377167dex994f.htm)[Amended Return of Premium Death Benefit Endorsement is incorporated herein by reference to Post-Effective Amendment No. 6 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on October 12, 2017.](http://www.sec.gov/Archives/edgar/data/851066/000119312517308841/d377167dex994f.htm)

(d) (6) [Form of Fund Facilitation Fee Endorsement is incorporated herein by reference to Post-Effective Amendment No. 2 to the Form N-4 Registration Statement (File No. 333-212090](http://www.sec.gov/Archives/edgar/data/851066/000119312517194079/d391681dex994g.htm)[), filed with the Commission on June 5, 2017.](http://www.sec.gov/Archives/edgar/data/851066/000119312517194079/d391681dex994g.htm)

(d) (7) [Form of Non-Qualified Stretch Annuity Endorsement is incorporated herein by reference to Post-Effect](http://www.sec.gov/Archives/edgar/data/851066/000119312517308841/d377167dex994h.htm)[ive Amendment No. 6 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on October 12, 2017.](http://www.sec.gov/Archives/edgar/data/851066/000119312517308841/d377167dex994h.htm)

(d) (8) [Form of Non-Grantor Trust Endorsement is incorporated herein by reference to Post-Effective Amendment No. 6 to the Form N-4 Registration Statement (File No. 3](http://www.sec.gov/Archives/edgar/data/851066/000119312517308841/d377167dex994i.htm)[33-212090), filed with the Commission on October 12, 2017.](http://www.sec.gov/Archives/edgar/data/851066/000119312517308841/d377167dex994i.htm)

(d) (9) [Form of Pre-Selected Beneficiary Payout Options Endorsement is incorporated herein by r](http://www.sec.gov/Archives/edgar/data/851066/000119312518131013/d535370dex994j.htm)[eference to Post-Effective Amendment No. 11 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on April 25, 2018.](http://www.sec.gov/Archives/edgar/data/851066/000119312518131013/d535370dex994j.htm)

*(e) Applications*

(e) (1) [Form of Variable Annuity Contract Application is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-4 Registration Statement (Fil](http://www.sec.gov/Archives/edgar/data/851066/000119312516739276/d269592dex994a.htm)[e No. 333-212090), filed with the Commission on October 17, 2016.](http://www.sec.gov/Archives/edgar/data/851066/000119312516739276/d269592dex994a.htm)

*(f) Insurance Company's Certificate of Incorporation and By-Laws*

(f) (1)[Amended and Restated Articles of Incorporation of Insurance Company are incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-203262), filed with the Commission on June 24, 2015.](https://www.sec.gov/Archives/edgar/data/851066/000085106615000036/gwlaaandrarticlesstii51.htm)

(f) (2) [By-laws of Insurance Company are inco](http://www.sec.gov/Archives/edgar/data/851066/000085106615000036/gwlabylawsstii51.htm)[rporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-203262), filed with the Commission on June 24, 2015.](http://www.sec.gov/Archives/edgar/data/851066/000085106615000036/gwlabylawsstii51.htm)

*(g) Reinsurance Contracts*

(g) (1) [Reinsurance Agreement between Great-West Life & Annuity Insurance Company and Protective Life Insurance Company dated June 3, 2019 , filed with the Commission on April 29, 2022](https://www.sec.gov/Archives/edgar/data/851066/000110465922053773/a22-7666_2ex99dg1.htm)

*(h) Participation Agreements*

(h) (1) [Participation Agreement with AIM Variable Insurance Fund is incorporated herein by reference to Post- Effec](http://www.sec.gov/Archives/edgar/data/1007286/000100728607000015/aimmc.htm)[tive Amendment No. 19 to the Form N-4 Registration Statement (File No. 333-52956), filed with the Commission on April 25, 2008.](http://www.sec.gov/Archives/edgar/data/1007286/000100728607000015/aimmc.htm)

(h) (1) (i) [Amendment dated April 30, 2010 to Participation Agreement (AIM Variable Insurance Funds) is incorporated herein by reference to Registrant's Post-Effective Amendment No. 19 on Form N-6 filed on April 25, 2019 (File No. 333-144503).](https://www.sec.gov/Archives/edgar/data/1401960/000119312519119042/d694129dex99h5.htm)

(h) (2) [Partic](http://www.sec.gov/Archives/edgar/data/851066/000085106615000036/alpsredrocksfundparticipat.htm)[ipation Agreement with ALPS Variable Investment Trust dated December 17, 2014 is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-203262), filed with the Commission on June 24, 2015.](http://www.sec.gov/Archives/edgar/data/851066/000085106615000036/alpsredrocksfundparticipat.htm)

(h) (2) (i) [Amendment to Participation Agreement with ALPS Variable Trust dated March 8, 2016 is incorporated herein by reference to Pre-Effective Amendment](http://www.sec.gov/Archives/edgar/data/851066/000119312516739276/d269592dex998b.htm) [No. 1 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on October 17, 2016.](http://www.sec.gov/Archives/edgar/data/851066/000119312516739276/d269592dex998b.htm)

(h) (3) [Participation Agreement with American Cent](http://www.sec.gov/Archives/edgar/data/1007286/0001007286-96-000018.txt)[ury Variable Portfolios, Inc. (formerly TCI Portfolios, Inc.) dated October 24, 1996 is incorporated herein by reference to Pre-Effective Amendment No. 2 to the Form N-4 Registration Statement (File No. 811-07549), filed with the Commission on October 30,](http://www.sec.gov/Archives/edgar/data/1007286/0001007286-96-000018.txt)[1996.](http://www.sec.gov/Archives/edgar/data/1007286/0001007286-96-000018.txt)

(h) (3) (i) [Amendment to Participation Agreement with American Century Variable Portfolios dated February 15, 2001 is incorporated herein by reference to P](http://www.sec.gov/Archives/edgar/data/1007286/000100728601500004/preff1.txt)[re-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-52956), filed with the Commission on April 24, 2001.](http://www.sec.gov/Archives/edgar/data/1007286/000100728601500004/preff1.txt)

(h) (3) (ii) [Am](http://www.sec.gov/Archives/edgar/data/1007286/000100728602000012/gwlava1select485b.txt)[endment to Participation Agreement with American Century Variable Portfolios dated February 15, 2001 is incorporated herein by reference to Post-Effective Amendment No. 8 to the Form N-4 Registration Statement (File No. 333-01153), filed with the Commission on Ap](http://www.sec.gov/Archives/edgar/data/1007286/000100728602000012/gwlava1select485b.txt)[ril 12, 2002.](http://www.sec.gov/Archives/edgar/data/1007286/000100728602000012/gwlava1select485b.txt)

(h) (3) (iii) [Amendment to Participation Agreement with American Century Variable Portfolios dated May 13, 2003 is incorporated herein by r](http://www.sec.gov/Archives/edgar/data/1007286/000100728603000020/amendment2003amercent.txt)[eference to Post-Effective Amendment No. 10 to the Form N-4 Registration Statement (File No. 333-52956), filed with the Commission on May 29, 2003.](http://www.sec.gov/Archives/edgar/data/1007286/000100728603000020/amendment2003amercent.txt)

(h) (3) (iv) [Amendment to Participation Agreement with American Century Variable Portfolios dated December 1, 2011 is incorporated herein by reference to Post-Effective Amendment No. 2 to the Form N-4 Registration Statement (File No. 333-177070), filed with the](http://www.sec.gov/Archives/edgar/data/857588/000119312512201064/d290572dex998c.htm)[Commission on May 1, 2012.](http://www.sec.gov/Archives/edgar/data/857588/000119312512201064/d290572dex998c.htm)

(h) (3) (v) [Amendment dated August 30, 2023 to Participation Agreement (American Century Variable Portfolios) is incorporated herein by reference to Post-Effective Amendment No. 27 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on April 22, 2024.](https://www.sec.gov/Archives/edgar/data/851066/000110465924049913/tm242279d1_ex99-xhx3xv.htm)

(h) (4) [Participation Agreement with American Funds Insurance Series dated January 28, 2008 is incorporated herein by refere](http://www.sec.gov/Archives/edgar/data/851066/000085106615000036/americanfundsfpa1.htm)[nce to Pre-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-203262), filed with the Commission on June 24, 2015.](http://www.sec.gov/Archives/edgar/data/851066/000085106615000036/americanfundsfpa1.htm)

(h) (4) (i) [Amendment to Fund Participation Agreement with American Funds Insurance Series dated September 30, 2011 is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-203262), filed wi](http://www.sec.gov/Archives/edgar/data/851066/000085106615000036/americanfundsfirstamendmen.htm)[th the Commission on June 24, 2015.](http://www.sec.gov/Archives/edgar/data/851066/000085106615000036/americanfundsfirstamendmen.htm)

(h) (4) (ii) [Amendment to Fund Participation Agreement with American Funds Insurance Series dated August 2](http://www.sec.gov/Archives/edgar/data/851066/000085106615000036/americanfundssecondamendme.htm)[8, 2013 is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-4 Registration Statement, (File No. 333-203262), filed with the Commission on June 24, 2015.](http://www.sec.gov/Archives/edgar/data/851066/000085106615000036/americanfundssecondamendme.htm)

(h) (4) (iii) [Amendment to Fund Participation Agreement with American Funds Insurance Series dated April 3, 2014 is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-4 Registration Sta](http://www.sec.gov/Archives/edgar/data/851066/000085106615000036/americanfundsthirdamendmen.htm)[tement (File No. 333-203262), filed with the Commission on June 24, 2015.](http://www.sec.gov/Archives/edgar/data/851066/000085106615000036/americanfundsthirdamendmen.htm)

(h) (5) [Participation Agreement with Blackrock Variable Series Funds, Inc. dated April 1, 2014 is incorporated herein by reference to Post-Effective Amen](http://www.sec.gov/Archives/edgar/data/1007286/000100728615000008/a2014-04x01blackrockvafpas.htm)[dment No. 3 to the Form N-4 Registration Statement (File No. 333-194043), filed with the Commission on April 20, 2015.](http://www.sec.gov/Archives/edgar/data/1007286/000100728615000008/a2014-04x01blackrockvafpas.htm)

(h) (5) (i) [Amendment dated April 1, 2016 to Participation Agreement (Blackrock Variable Series Funds, Inc.) is incorporated herein by reference to Post-Effective Amendment No. 27 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on April 22, 2024.](https://www.sec.gov/Archives/edgar/data/851066/000110465924049913/tm242279d1_ex99-xhx5xi.htm)

(h) (6) [Participation Agreem](http://www.sec.gov/Archives/edgar/data/1007286/000100728610000032/colvit1fpava1_040110.htm)[ent with Columbia Funds Variable Insurance Trust I dated April 30, 2009 is incorporated herein by reference to Post-Effective Amendment No. 21 to the Form N-4 Registration Statement (File No. 333-52956), filed with the Commission on April 16, 2010.](http://www.sec.gov/Archives/edgar/data/1007286/000100728610000032/colvit1fpava1_040110.htm)

(h) (6) (i) [Amendment to Participation Agreement with Columbia Funds Variable Insurance Trust, Columbia Management Investment Advisors, LLC and Columbia M](http://www.sec.gov/Archives/edgar/data/1075796/000119312519113526/d694125dex99h24.htm)[anagement Investment Distributors, Inc. dated April 29, 2011 is incorporated herein by reference to Post-Effective Amendment No. 36 to the Form N-6 Registration Statement (File No. 333-70963), filed with the Commission on April 22, 2019.](http://www.sec.gov/Archives/edgar/data/1075796/000119312519113526/d694125dex99h24.htm)

(h) (7) [Participation Agreement with Delaware Group Premium Fund (now known as Delaware VIP Trust) dated April 20, 2001 is incorporated herein by reference to Pre-Effective Amendm](http://www.sec.gov/Archives/edgar/data/1007286/000100728601500004/preff1.txt)[ent No. 1 to the Form N-4 Registration Statement (File No. 333-52956), filed with the Commission on April 24, 2001.](http://www.sec.gov/Archives/edgar/data/1007286/000100728601500004/preff1.txt)

(h) (7) (i) [Amendment to Parti](http://www.sec.gov/Archives/edgar/data/1007286/000100728603000020/amendment2003delaware.txt)[cipation Agreement with Delaware VIP Trust dated May 13, 2001 is incorporated herein by reference to Post-Effective Amendment No. 10 to the Form N-4 Registration Statement (File No. 33352956), filed with the Commission on May 29, 2003.](http://www.sec.gov/Archives/edgar/data/1007286/000100728603000020/amendment2003delaware.txt)

(h) (7) (ii) [Amendment to Participation Agreement with Delaware VIP Trust dated April 2005 is incorporated herein by reference to Post-Effective Amendment No. 16 to th](http://www.sec.gov/Archives/edgar/data/1007286/000100728605000019/exhibitdelawareamend.txt)[e Form N-4 Registration Statement (File No. 333-52956), filed with the Commission on April 29, 2005.](http://www.sec.gov/Archives/edgar/data/1007286/000100728605000019/exhibitdelawareamend.txt)

(h) (7) (iii) [Amendment to Participation Agreement wi](http://www.sec.gov/Archives/edgar/data/851066/000119312511356365/d233398dex998d.htm)[th Delaware VIP Trust dated November 14, 2011 is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-176926), filed with the Commission on December 30, 2011.](http://www.sec.gov/Archives/edgar/data/851066/000119312511356365/d233398dex998d.htm)

(h) (8) [Participation Agreement with DFA Investment Dimensions Group Inc. dated April 9, 2014 is incorporated herein by reference to Post-Effective Amendment No. 5 to](http://www.sec.gov/Archives/edgar/data/851066/000119312517286251/d455966dex998x.htm)[the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on September 15, 2017.](http://www.sec.gov/Archives/edgar/data/851066/000119312517286251/d455966dex998x.htm)

(h) (8) (i) [Amendment dated May 1, 2022 to Participation Agreement (DFA Investment Dimensions Group Inc.) is incorporated herein by reference to Post-Effective Amendment No. 27 to the N-4 Registration Statement (File No. 333-212090), filed with the Commission on April 22, 2024.](https://www.sec.gov/Archives/edgar/data/851066/000110465924049913/tm242279d1_ex99-xhx8xi.htm)

(h) (9) [Participation Agreement with DWS Variable S](http://www.sec.gov/Archives/edgar/data/1007286/000100728602000013/sig485b.txt)[eries II (formerly Scudder Variable Series II) dated May 1, 2001 is incorporated herein by reference to Post-Effective Amendment No. 3 to the Form N-4 Registration Statement (File No. 333-52956), filed with the Commission on April 16, 2002.](http://www.sec.gov/Archives/edgar/data/1007286/000100728602000013/sig485b.txt)

(h) (9) (i) [Amendment to Participation Agreement with Scudder Variable Life Investment Fund dated February 15, 2001 is incorporated herein by reference to Pre-Effective Amendm](http://www.sec.gov/Archives/edgar/data/1007286/000100728601500004/preff1.txt)[ent No. 1 to the Form N-4 Registration Statement (File No. 333-52956), filed with the Commission on April 24, 2001.](http://www.sec.gov/Archives/edgar/data/1007286/000100728601500004/preff1.txt)

(h) (9) (ii) [Amendment to Pa](http://www.sec.gov/Archives/edgar/data/1007286/000100728605000019/exhibitscudderamendment.txt)[rticipation Agreement with DWS Variable Series II (formerly Scudder Variable Series II) dated April 8, 2005 is incorporated herein by reference to Post-Effective Amendment No. 16 to the Form N-4 Registration Statement (File No. 333-52956), filed with the C](http://www.sec.gov/Archives/edgar/data/1007286/000100728605000019/exhibitscudderamendment.txt)[ommission on April 29, 2005.](http://www.sec.gov/Archives/edgar/data/1007286/000100728605000019/exhibitscudderamendment.txt)

(h) (9) (iii) [Amendment to Participation Agreement with DWS Variable Series I dated December 13, 2011 is incorporated herein](http://www.sec.gov/Archives/edgar/data/857588/000119312512201064/d290572dex998f.htm)[by reference to Post-Effective Amendment No. 2 to the Form N-4 Registration Statement (File No. 333-177070), filed with the Commission on May 1, 2012.](http://www.sec.gov/Archives/edgar/data/857588/000119312512201064/d290572dex998f.htm)

(h) (9) (iv) [Amendment to Participation Agreement with DWS Variable Series II dated December 13, 2011 is incorporated herein by reference to Post-Effective Amendment No. 2 to the Form N-4 Registration Statement (File No. 333-177070), filed with the Commissio](http://www.sec.gov/Archives/edgar/data/857588/000119312512201064/d290572dex998f1.htm)[n on May 1, 2012.](http://www.sec.gov/Archives/edgar/data/857588/000119312512201064/d290572dex998f1.htm)

(h) (10) [Fund Participation Agreement with Eaton Vance Variable Trust dated April 28, 2016 is incorporated herein by reference to Pre-Ef](http://www.sec.gov/Archives/edgar/data/851066/000119312516739276/d269592dex998h.htm)[fective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on October 17, 2016.](http://www.sec.gov/Archives/edgar/data/851066/000119312516739276/d269592dex998h.htm)

(h) (11) [Amended and Restated Fund Participation Agreement among Great-West, Variable Insurance Products Funds, and Fidelity Distributors Corporation dated October](http://www.sec.gov/Archives/edgar/data/1075796/000107579607000004/fidelityfpa102606.htm)[26, 2006 is incorporated herein by reference to Post-Effective Amendment No. 14 to the Form N-6 Registration Statement (File No. 333-70963), filed with the Commission on April 30, 2007.](http://www.sec.gov/Archives/edgar/data/1075796/000107579607000004/fidelityfpa102606.htm)

(h) (11) (i) [Amendment to Fund Participation Agreement among Great-West, Variable Insurance Products Funds, and Fidelity Distributors Corporation dated May 16, 200](http://www.sec.gov/Archives/edgar/data/1401959/000140195907000004/fidelityfpaamnt102606.htm)[7 is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-6 Registration Statement (File No. 333-145333), filed with the Commission on November 1, 2007.](http://www.sec.gov/Archives/edgar/data/1401959/000140195907000004/fidelityfpaamnt102606.htm)

(h) (11) (ii) [Amendment to Amended and Restated Participation Agreement among Great-West, Variable Insurance Products I, Variable Insurance Products II, Variable Insurance Products III, Variable Insurance Products IV, Vari](http://www.sec.gov/Archives/edgar/data/1401959/000140195907000004/fidelityvipamendfpa.htm)[able Insurance Products V and Fidelity Distributors Corporation dated August 29, 2007 is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-6 Registration Statement (File No. 333-145333), filed with the Commission on November](http://www.sec.gov/Archives/edgar/data/1401959/000140195907000004/fidelityvipamendfpa.htm)[1, 2007.](http://www.sec.gov/Archives/edgar/data/1401959/000140195907000004/fidelityvipamendfpa.htm)

(h) (11) (iii) [Amendment to Amended and Restated Participation Agreement among Great-West, Variable Insurance Products I, Variable Insurance](http://www.sec.gov/Archives/edgar/data/1075796/000119312519113526/d694125dex99h68.htm)[Products II, Variable Insurance Products III, Variable Insurance Products IV, Variable Insurance Products V and Fidelity Distributors Corporation dated October 1, 2009 is incorporated herein by reference to Post-Effective Amendment No. 36 to the Form N-6 R](http://www.sec.gov/Archives/edgar/data/1075796/000119312519113526/d694125dex99h68.htm)[egistration Statement (File No. 333-70963), filed with the Commission on April 22, 2019.](http://www.sec.gov/Archives/edgar/data/1075796/000119312519113526/d694125dex99h68.htm)

(h) (11) (iv) [Amendment to Amended and Restated Participation A](http://www.sec.gov/Archives/edgar/data/1075796/000119312519113526/d694125dex99h69.htm)[greement among Great-West, Variable Insurance Products I, Variable Insurance Products II, Variable Insurance Products III, Variable Insurance Products IV, Variable Insurance Products V and Fidelity Distributors Corporation dated September 1, 2013 is inco](http://www.sec.gov/Archives/edgar/data/1075796/000119312519113526/d694125dex99h69.htm)[rporated herein by reference to Post-Effective Amendment No. 36 to the Form N-6 Registration Statement (File No. 333-70963), filed with the Commission on April 22, 2019.](http://www.sec.gov/Archives/edgar/data/1075796/000119312519113526/d694125dex99h69.htm)

(h) (11) (v) [Amendment to Amended and Restated Participation Agreement among Great-West, Variable Insurance Products I, Variable Insurance Products II, Variable Insurance Products III, Variable Insurance Products IV, Variable Insurance](http://www.sec.gov/Archives/edgar/data/1075796/000119312519113526/d694125dex99h70.htm)[Products V and Fidelity Distributors Corporation dated April 28, 2017 is incorporated herein by reference to Post-Effective Amendment No. 36 to the Form N-6 Registration Statement (File No. 333-70963), filed with the Commission on April 22, 2019.](http://www.sec.gov/Archives/edgar/data/1075796/000119312519113526/d694125dex99h70.htm)

(h) (11) (vi) [Amendment to Amended and Restated Participation Agreement among Empower (formerly Great-West), Variable Insurance Products I, Variable Insurance Products II, Variable Insurance Products III, Variable Insurance Products IV, Variable Insurance Products V and Fidelity Distributors Corporation dated August 24, 2022 is incorporated herein by reference to Post-Effective Amendment No. 26 to the N-4 Registration Statement (File No. 333-212090), filed with the Commission on April 28, 2023.](https://www.sec.gov/Archives/edgar/data/851066/000110465923052890/tm2310524d1_ex99-xhx11xvi.htm)

(h) (12) [Participation Agreement with First Trust Variable Insurance Trust dated March 21, 2017 is incorporated herein by reference to Post-Effective Amendment No.](http://www.sec.gov/Archives/edgar/data/851066/000119312517132519/d312580dex998w.htm)[1 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on April 21, 2017.](http://www.sec.gov/Archives/edgar/data/851066/000119312517132519/d312580dex998w.htm)

(h) (13) [Fund Participation Agre](http://www.sec.gov/Archives/edgar/data/851066/000085106615000036/franklinfundparticipationa.htm)[ement with Franklin Templeton Variable Insurance Products Trust dated May 1, 2000 is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-203262), filed with the Commission on June 24, 2015.](http://www.sec.gov/Archives/edgar/data/851066/000085106615000036/franklinfundparticipationa.htm)

(h) (13) (i) [Amendment dated May 3, 2004 to Participation Agreement (Franklin Templeton Variable Insurance Products Trust) is incorporated herein by reference to Post-Effective Amendment No. 27 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on April 22, 2024.](https://www.sec.gov/Archives/edgar/data/851066/000110465924049913/tm242279d1_ex99-xhx13xi.htm)

(h) (13) (ii) [Amendment dated May 1, 2006 to Participation Agreement (Franklin Templeton Variable Insurance Products Trust) is incorporated herein by reference to the Form N-4 Registration Statement (File No. 333-147743), filed with the Commission on April 24, 2008.](https://www.sec.gov/Archives/edgar/data/1037155/000103715508000015/ex8ifrkt08amd.htm)

(h) (13) (iii) [Amendment dated June 5, 2007 to Participation Agreement (Franklin Templeton Variable Insurance Products Trust) is incorporated herein by reference to Post-Effective Amendment No. 27 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on April 22, 2024.](https://www.sec.gov/Archives/edgar/data/851066/000110465924049913/tm242279d1_ex99-xhx13xiii.htm)

(h) (13) (iv) [Amendment dated May 1, 2008 to Participation Agreement (Franklin Templeton Variable Insurance Products Trust) is incorporated herein by reference to the Form N-4 Registration Statement (File No. 333-147743), filed with the Commission on April 24, 2008.](https://www.sec.gov/Archives/edgar/data/1037155/000103715508000015/ex8ifrkt08amd.htm)

(h) (13) (v) [Amendment to Fund Participation Agreement with Franklin Templeton Variable Insurance Trust dated December 5, 2014 is incorporated h](http://www.sec.gov/Archives/edgar/data/851066/000085106615000036/franklinamendmenttofpa1.htm)[erein by reference to Pre-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-203262), filed with the Commission on June 24, 2015.](http://www.sec.gov/Archives/edgar/data/851066/000085106615000036/franklinamendmenttofpa1.htm)

(h) (13) (vi) [Amendment dated May 1, 2016 to Participation Agreement (Franklin Templeton Variable Insurance Trust) is incorporated herein by reference to Post-Effective Amendment No. 27 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on April 22, 2024.](https://www.sec.gov/Archives/edgar/data/851066/000110465924049913/tm242279d1_ex99-xhx13xvi.htm)

(h) (13) (vii) [Amendment dated March 15, 2022 to Participation Agreement (Franklin Templeton Insurance Products Trust) is incorporated herein by reference to Post-Effective Amendment No. 16 to the N-4 Registration Statement (File No. 333-194044), filed with the Commission on April 28, 2023.](https://www.sec.gov/Archives/edgar/data/1037155/000110465923053034/tm239981d1_ex99-xhx14xiii.htm)

(h) (14) [Fund Participation Agreement with Goldman Sachs Variable Insurance Trust dated May 1, 1999 is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-204262), filed wit](http://www.sec.gov/Archives/edgar/data/851066/000085106615000036/goldmansachsfundparticipat.htm)[h the Commission on June 24, 2015.](http://www.sec.gov/Archives/edgar/data/851066/000085106615000036/goldmansachsfundparticipat.htm)

(h) (14) (i) [Amendment to Fund Participation Agreement with Goldman Sachs Variable Insurance Trust dated April 11, 2014 is incorporated herein by reference to](http://www.sec.gov/Archives/edgar/data/851066/000085106615000036/goldmansachsamendmenttofpa1.htm) [Pre-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-203262), filed with the Commission on June 24, 2015.](http://www.sec.gov/Archives/edgar/data/851066/000085106615000036/goldmansachsamendmenttofpa1.htm)

(h) (15) [Participation Agreement with Great-West Funds, Inc. dated December 15, 2011 is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-176926), filed with the Commission on December 19, 2011.](http://www.sec.gov/Archives/edgar/data/851066/000119312511345542/d233398dex998k.htm)

(h) (16) [Participation Agreement with Janus Aspen Series is incorporated herein by reference to Pre-Effective Amendment No. 2 to the Form N-4 Registration Statement (](http://www.sec.gov/Archives/edgar/data/1007286/0001007286-96-000018.txt)[File No. 811-07549), filed with the Commission on October 30, 1996.](http://www.sec.gov/Archives/edgar/data/1007286/0001007286-96-000018.txt)

(h) (16) (i) [Amendment to Participation Agreement with Janus Aspen Series dated February 7, 2001 is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form](http://www.sec.gov/Archives/edgar/data/1007286/000100728601500004/preff1.txt)[N-4 Registration Statement (File No. 333-52956), filed with the Commission on April 24, 2001.](http://www.sec.gov/Archives/edgar/data/1007286/000100728601500004/preff1.txt)

(h) (16) (ii) [Amendment to Participation Agreement with Janus Aspe](http://www.sec.gov/Archives/edgar/data/1007286/000100728602000013/sig485b.txt)[n Series dated February 9, 1999 is incorporated herein by reference to Post-Effective Amendment No. 3 to the Form N-4 Registration Statement (File No. 333-52956), filed with the Commission on April 16, 2002.](http://www.sec.gov/Archives/edgar/data/1007286/000100728602000013/sig485b.txt)

(h) (16) (iii) [Amendment to Participation Agreement with Janus Aspen Series dated May 13, 2003 is incorporated herein by reference to Post-Effective Amendment No. 10 to the Form N-4 Registration St](http://www.sec.gov/Archives/edgar/data/1007286/000100728603000020/amendment2003janus.txt)[atement (File No. 333-52956), filed with the Commission on May 29, 2003.](http://www.sec.gov/Archives/edgar/data/1007286/000100728603000020/amendment2003janus.txt)

(h) (16) (iv) [Amendment to Participation Agreement with Janus Aspen Series dated](http://www.sec.gov/Archives/edgar/data/851066/000119312511356365/d233398dex998i.htm)[November 8, 2011 is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-176926), filed with the Commission on December 30, 2011.](http://www.sec.gov/Archives/edgar/data/851066/000119312511356365/d233398dex998i.htm)

(h) (17) [Fund Participation Agreement with JPMorgan Insurance Trust dated April 24, 2009 is incorporated herein by reference to Pre-Effective Amendment No.](http://www.sec.gov/Archives/edgar/data/851066/000085106615000036/jpmorganinsurancetrustfund.htm)[1 to the N-4 Registration Statement (File No. 333-203262), filed with the Commission on June 24, 2015.](http://www.sec.gov/Archives/edgar/data/851066/000085106615000036/jpmorganinsurancetrustfund.htm)

(h) (18) [Participation Agreement with](http://www.sec.gov/Archives/edgar/data/851066/000085106615000036/leggmasonfundparticipation.htm)[Legg Mason Partners Variable Equity Trust and Legg Mason Partners Variable Income Trust dated May 20, 2014 is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-203262), filed with the Com](http://www.sec.gov/Archives/edgar/data/851066/000085106615000036/leggmasonfundparticipation.htm)[mission on June 24, 2015.](http://www.sec.gov/Archives/edgar/data/851066/000085106615000036/leggmasonfundparticipation.htm)

(h) (18) (i) [Amendment to Participation Agreement with Legg Mason Variable Equity Trust, Legg Mason Partners Variable Income Trust, Legg Mason Partners Advisor LLC, and Franklin Distributors, LLC dated March 15, 2022 is incorporated herein by reference to Post-Effective Amendment No. 26 to the N-4 Registration Statement (File No. 333-212090), filed with the Commission on April 28, 2023.](https://www.sec.gov/Archives/edgar/data/851066/000110465923052890/tm2310524d1_ex99-xhx18xi.htm)

(h) (19) [Amended and Restated Participation Agreement with MFS Variable Insurance Trust and MFS Variable Insurance Trust II dat](http://www.sec.gov/Archives/edgar/data/851066/000119312517132519/d312580dex998v.htm)[ed May 1, 2009; and Amendment to Participation Agreement with MFS Variable Insurance Trust, MFS Variable Insurance Trust II, and MFS Variable Insurance Trust III dated April 1, 2017, are incorporated herein by reference to Post-Effective Amendment No. 1 to](http://www.sec.gov/Archives/edgar/data/851066/000119312517132519/d312580dex998v.htm) [the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on April 21, 2017.](http://www.sec.gov/Archives/edgar/data/851066/000119312517132519/d312580dex998v.htm)

(h) (20) [Participation Agreement with Neuberger Berma](http://www.sec.gov/Archives/edgar/data/1007286/000100728606000018/nbgwlafpa.txt)[n Advisers Management Trust dated March 1, 2005 is incorporated herein by reference to Post-Effective Amendment No. 17 to the Form N-4 Registration Statement (File No. 333-52956), filed with the Commission on April 26, 2006.](http://www.sec.gov/Archives/edgar/data/1007286/000100728606000018/nbgwlafpa.txt)

(h) (21) [Participation Agreement with PIMCO Variable Insurance Trust dated September 18, 2002 is incorporated herein by reference to Post-Effective Amendment No. 10 to the Form N-4 Registration](http://www.sec.gov/Archives/edgar/data/1007286/000100728603000020/pimco.txt) [Statement (File No. 333-52956), filed with the Commission on May 29, 2003.](http://www.sec.gov/Archives/edgar/data/1007286/000100728603000020/pimco.txt)

(h) (21) (i) [Amendment to Participation Agreement with PIMCO Variable Ins](http://www.sec.gov/Archives/edgar/data/1007286/000100728603000020/amendment2003pimco.txt)[urance Trust dated May 13, 2003 is incorporated herein by reference to Post-Effective Amendment No. 10 to the Form N-4 Registration Statement (File No. 333-52956), filed with the Commission on May 29, 2003.](http://www.sec.gov/Archives/edgar/data/1007286/000100728603000020/amendment2003pimco.txt)

(h) (21) (ii) [Amendment to Participation Agreement with PIMCO dated April 2005 is incorporated herein by reference to Post-Effective Amendment No. 16 to the Form N-4 Registration Statement (File](http://www.sec.gov/Archives/edgar/data/1007286/000100728605000019/exhibitgwlapimcoamend.txt)[No. 333-52956), filed with the Commission on April 29, 2005.](http://www.sec.gov/Archives/edgar/data/1007286/000100728605000019/exhibitgwlapimcoamend.txt)

(h) (21) (iii) [Amendment to Participation Agreement with PIMCO dated October 31, 2011 is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-4 Re](http://www.sec.gov/Archives/edgar/data/851066/000119312511356365/d233398dex998m.htm)[gistration Statement (File No. 333-176926), filed with the Commission on December 19, 2011.](http://www.sec.gov/Archives/edgar/data/851066/000119312511356365/d233398dex998m.htm)

(h) (21) (iv) [Amendment to Participation Agreement with PIMCO dated August 19, 2022 is incorporated herein by reference to Post-Effective Amendment No. 26 to the N-4 Registration Statement (File No. 333-212090), filed with the Commission on April 28, 2023.](https://www.sec.gov/Archives/edgar/data/851066/000110465923052890/tm2310524d1_ex99-xhx21xiv.htm)

(h) (22) [Participation Agreement with Putnam Variable Trust da](http://www.sec.gov/Archives/edgar/data/851066/000119312511356365/d233398dex998n.htm)[ted March 31, 2010 and Amendment to Participation Agreement dated October 5, 2011 are incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-176926), filed with the Commission on December 30,](http://www.sec.gov/Archives/edgar/data/851066/000119312511356365/d233398dex998n.htm)[2011.](http://www.sec.gov/Archives/edgar/data/851066/000119312511356365/d233398dex998n.htm)

(h) (23) [Participation Agreement with T. Rowe Price Equity Series, Inc., T. Rowe Price Fixed Income Series, Inc., T. Rowe Price](http://www.sec.gov/Archives/edgar/data/857588/000119312512201064/d290572dex998q.htm)[International Series, Inc., T. Rowe Price Investment Services, Inc. dated February 1, 2002 is incorporated herein by reference to Post-Effective Amendment No. 2 to the Form N-4 Registration Statement (File No. 333-170070), filed with the Commission on May](http://www.sec.gov/Archives/edgar/data/857588/000119312512201064/d290572dex998q.htm)[1, 2012.](http://www.sec.gov/Archives/edgar/data/857588/000119312512201064/d290572dex998q.htm)

(h) (23) (i) [Amendment to Participation Agreement with T. Rowe Price Equity Series, Inc., T. Rowe Price Fixed Income Series, Inc., T. Rowe Price](http://www.sec.gov/Archives/edgar/data/857588/000119312512201064/d290572dex998q1.htm) [International Series, Inc., T. Rowe Price Investment Services, Inc. dated November 10, 2008 is incorporated herein by reference to Post-Effective Amendment No. 2 to the Form N-4 Registration Statement (File No. 333-177070), filed with the Commission on Ma](http://www.sec.gov/Archives/edgar/data/857588/000119312512201064/d290572dex998q1.htm)[y 1, 2012.](http://www.sec.gov/Archives/edgar/data/857588/000119312512201064/d290572dex998q1.htm)

(h) (23) (ii) [Amendment to Participation Agreement with T. Rowe Price Equity Series, Inc., T. Rowe Price Fixed Income Series, Inc., T. Rowe Pr](http://www.sec.gov/Archives/edgar/data/857588/000119312512201064/d290572dex998q2.htm)[ice International Series, Inc., T. Rowe Price Investment Services, Inc. dated November 30, 2011 is incorporated herein by reference to Post-Effective Amendment No. 2 to the Form N-4 Registration Statement (File No. 333-177070), filed with the Commission on](http://www.sec.gov/Archives/edgar/data/857588/000119312512201064/d290572dex998q2.htm) [May 1, 2012.](http://www.sec.gov/Archives/edgar/data/857588/000119312512201064/d290572dex998q2.htm)

(h) (24) [Participation Agreement with Van Eck Worldwide Insurance Trust dated October 25, 1996 is incorporated herein by reference to Pre-Effective Amendment N](http://www.sec.gov/Archives/edgar/data/1007286/0001007286-96-000018.txt)[o. 2 to the Form N-4 Registration Statement (File No. 811-07549), filed with the Commission on October 30, 1996.](http://www.sec.gov/Archives/edgar/data/1007286/0001007286-96-000018.txt)

(h) (24) (i) [Amendment to Participation Agree](http://www.sec.gov/Archives/edgar/data/1007286/000100728610000032/vaneckfpa.htm)[ment with Van Eck Worldwide Insurance Trust dated April 23, 2009 is incorporated herein by reference to Post-Effective Amendment No. 21 to the Form N-4 Registration Statement (File No. 333-52956), filed with the Commission on April 16, 2010.](http://www.sec.gov/Archives/edgar/data/1007286/000100728610000032/vaneckfpa.htm)

(h) (24) (ii) [Amendment to Fund Participation Agreement with Van Eck VIP Trust (formerly known as Van Eck Worldwide Insurance Trust) dated December 28, 2011 is incorpor](http://www.sec.gov/Archives/edgar/data/857588/000119312512201064/d290572dex998k.htm)[ated herein by reference to Post-Effective Amendment No. 2 to the Form N-4 Registration Statement (File No. 333-177070), filed with the Commission on May 1, 2012.](http://www.sec.gov/Archives/edgar/data/857588/000119312512201064/d290572dex998k.htm)

(h) (25) [Form of Rule 22c-2 Shareholder Information Agreement is incorporated herein by reference to Post-Effective Amendment No. 18 to the Form N-4 Registration Statement (File No. 333-52956), filed with the Commission on April 27, 2007.](http://www.sec.gov/Archives/edgar/data/1007286/000100728607000015/gw22c2.htm)

(h) (26) [Participation Agreement dated October 26, 1996 (Federated Insurance Series) is incorporated herein by reference to Pre-Effective Amendment No. 2 to the Form N-4 Registration Statement (File No. 811-07549), filed with the Commission on October 30, 1996.](https://www.sec.gov/Archives/edgar/data/1007286/0001007286-96-000018.txt)

(h) (26) (i) [Amendment dated February 15, 2001 to Participation Agreement (Federated Insurance Series) is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-52956), filed with the Commission on April 24, 2001.](https://www.sec.gov/Archives/edgar/data/1007286/000100728601500004/0001007286-01-500004.txt)

(h) (26) (ii) [Amendment dated March 3, 2012 to Participation Agreement (Federated Insurance Series) is incorporated herein by reference to Post-Effective Amendment No. 27 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on April 22, 2024.](https://www.sec.gov/Archives/edgar/data/851066/000110465924049913/tm242279d1_ex99-xhx26xii.htm)

(h) (26) (iii) [Amendment dated March 22, 2022 to Participation Agreement (Federated Insurance Series) is incorporated herein by reference to Post-Effective Amendment No. 27 to the Form N-4 Registration Statement (File No. 333, 212090), filed with the Commission on April 22, 2024.](https://www.sec.gov/Archives/edgar/data/851066/000110465924049913/tm242279d1_ex99-xhx26xiii.htm)

(h) (27) [Participation Agreement dated April 15, 2015 (Ivy Funds Variable Insurance Portfolios) is incorporated herein by reference to Post-Effective Amendment No. 27 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on April 22, 2024.](https://www.sec.gov/Archives/edgar/data/851066/000110465924049913/tm242279d1_ex99-xhx27.htm)

(h) (27) (i) [Amendment dated October 28, 2015 to Participation Agreement (Ivy Funds Variable Insurance Portfolios) is incorporated herein by reference to Post-Effective Amendment No. 27 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on April 22, 2024.](https://www.sec.gov/Archives/edgar/data/851066/000110465924049913/tm242279d1_ex99-xhx27xi.htm)

(h) (27) (ii) [Amendment dated March 18, 2016 to Participation Agreement (Ivy Funds Variable Insurance Portfolios) is incorporated herein by reference to Post-Effective Amendment No. 27 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on April 22, 2024.](https://www.sec.gov/Archives/edgar/data/851066/000110465924049913/tm242279d1_ex99-xhx27xii.htm)

(h) (27) (iii) [Amendment dated October 1, 2016 to Participation Agreement (Ivy Funds Variable Insurance Portfolios) is incorporated herein by reference to Post-Effective Amendment No. 27 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on April 22, 2024.](https://www.sec.gov/Archives/edgar/data/851066/000110465924049913/tm242279d1_ex99-xhx27xiii.htm)

(h) (27) (iv) [Amendment dated April 11, 2018 to Participation Agreement (Ivy Funds Variable Insurance Portfolios) is incorporated herein by reference to Post-Effective Amendment No. 27 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on April 22, 2024.](https://www.sec.gov/Archives/edgar/data/851066/000110465924049913/tm242279d1_ex99-xhx27xiv.htm)

(h) (27) (v) [Amendment dated November 30, 2023 to Participation Agreement (Ivy Funds Variable Insurance Portfolios) is incorporated herein by reference to Post-Effective Amendment No. 27 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on April 22, 2024.](https://www.sec.gov/Archives/edgar/data/851066/000110465924049913/tm242279d1_ex99-xhx27xv.htm)

(h) (28) [Participation Agreement (Lincoln Variable Insurance Products Trust) is incorporated herein by reference to Post-Effective Amendment No. 1 to the Form N-4 Registration Statement (File No. 333-147743), filed with the Commission on April 21, 2009.](https://www.sec.gov/Archives/edgar/data/1037155/000103715509000027/ex10_lincolnfpa.htm)

(h) (28) (i) [Amendment dated May 1, 2023 to Participation Agreement (Lincoln Variable Insurance Products Trust) is incorporated herein by reference to Post-Effective Amendment No. 27 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on April 22, 2024.](https://www.sec.gov/Archives/edgar/data/851066/000110465924049913/tm242279d1_ex99-xhx28xi.htm)

(h) (28) (ii) [Amendment dated April 29, 2024 to Participation Agreement (Lincoln Variable Insurance Products Trust) is incorporated herein by reference to Post-Effective Amendment No. 27 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on April 22, 2024.](https://www.sec.gov/Archives/edgar/data/851066/000110465924049913/tm242279d1_ex99-xhx28xii.htm)

[(h) (28) (iii) Amendment dated April 24, 2026 to Participation Agreement (Lincoln Variable Insurance Products Trust)](tm263879d7_ex99-xhx28xiii.htm)

- Filed herein.

(h) (29) [Participation Agreement dated September 8, 2011 (Lord Abbett Series Fund, Inc.) is incorporated herein by reference to Post-Effective Amendment No. 36 to the Form N-6 Registration Statement (File No. 333-70963), filed with the Commission on April 22, 2019.](https://www.sec.gov/Archives/edgar/data/1075796/000119312519113526/d694125dex99h89.htm)

(h) (29) (i) [Amendment dated August 21, 2013 to Participation Agreement (Lord Abbett Fund, Inc.) is incorporated herein by reference to Post-Effective Amendment No. 36 to the Form N-6 Registration Statement (File No. 333-70963), filed with the Commission on April 22, 2019.](https://www.sec.gov/Archives/edgar/data/1075796/000119312519113526/d694125dex99h90.htm)

(h) (29) (ii) [Amendment dated April 1, 2014 to Participation Agreement (Lord Abbett Fund, Inc.) is incorporated herein by reference to Post-Effective Amendment No. 36 to the Form N-6 Registration Statement (File No. 333-70963), filed with the Commission on April 22, 2019.](https://www.sec.gov/Archives/edgar/data/1075796/000119312519113526/d694125dex99h91.htm)

(h) (29) (iii) [Amendment dated April 17, 2015 to Participation Agreement (Lord Abbett Fund, Inc.) is incorporated herein by reference to Post-Effective Amendment No. 36 to the Form N-6 Registration Statement (File No. 333-70963), filed with the Commission on April 22, 2019.](https://www.sec.gov/Archives/edgar/data/1075796/000119312519113526/d694125dex99h92.htm)

(h) (29) (iv) [Amendment dated April 28, 2022 to Participation Agreement (Lord Abbett Fund, Inc.) is incorporated herein by reference to Post-Effective Amendment No. 27 to the Form N-4 Registration Statement (File No. 333-212090), filed with the Commission on April 22, 2024.](https://www.sec.gov/Archives/edgar/data/851066/000110465924049913/tm242279d1_ex99-xhx29xiv.htm)

*(i) Administrative Contracts - None*

 

*(j) Other Material Contracts – Not Applicable*

*(k) Legal Opinion*

(k) (1) [Opinion of Counsel and Consent is incorporated herein by reference to Pre-Effective Amendment No. 2 to the Form N-4 Registration Statement (File No. 333-212090](http://www.sec.gov/Archives/edgar/data/851066/000119312516802380/d311913dex999.htm)[), filed with the Commission on December 22, 2016.](http://www.sec.gov/Archives/edgar/data/851066/000119312516802380/d311913dex999.htm)

*(l) Other Opinions*

(l) (1) [Written Consent of Deloitte & Touche LLP.](tm262742d1_ex99-xlx1.htm)

- Filed herein.

(l) (2) [Written Consent of KPMG LLP.](tm262742d1_ex99-xlx2.htm)

- Filed herein.

*(m) Omitted Financial Statements – Not Applicable*

 

*(n) Initial Capital Agreements – Not Applicable*

 

*(o) Form of Initial Summary Prospectus – Not Applicable*

 *(p) Power of Attorney*

(p) (1) [Power of Attorney](tm263879d7_ex99-xpx1.htm)

- Filed herein.

 *(q) Letter Regarding Change in Certifiying Accountant – Not Applicable*

 

 *(r) Historical Current Limits on Index Gains – Not Applicable*

**Item 28. Directors and Officers of the Insurance Company**

---

| | | |
|:---|:---|:---|
| **Name** | **Principal Business Address** | **Positions and Offices with Insurance Company** |
| Orr, Robert Jeffrey | (3) | Chair of the Board and Director |
| Bienfait, Robin A. | (3) | Director |
| Coutu, Marcel R. | (4) | Director |
| Desmarais, Andre R. | (3) | Director |
| Desmarais, Philippe | (3) | Director |
| Desmarais III, Paul G. | (3) | Director |
| Doer, Gary A. | (1) | Director |
| Fleming, Gregory J. | (2) | Director |
| Généreux, Claude | (3) | Director |
| Harney, David | (1) | Director |
| Lawrence, Jason P. | (2) | Director |
| Louvel, Alain | (2) | Director |
| Madoff, Paula | (2) | Director |
| Murphy, Edmund F. | (2) | President, Chief Executive Officer, and Director |
| O'Sullivan, James P. | (2) | Director |
| Reynolds, Robert L. | (2) | Director |
| Ryan, T. Timothy, Jr. | (5) | Director |
| Selitto, Jerome J. | (2) | Director |
| Shah, Dhvani | (2) | Director |
| Walsh, Brian E. | (6) | Director |
| Abdul-Jaleel, Ahmed | (2) | Chief Compliance Officer, Registered Separate Accounts |
| Bartosik, Jane | (2) | Senior Vice President, Workplace and Advice |
| Bell, Mark | (2) | Head of Personal Wealth Technology |
| Bevacqua, John F. | (2) | Executive Vice President & Chief Risk Officer |
| Birk, Craig | (2) | Chief Investment Officer, Empower Personal Wealth |
| Blacker, Bonnie T. | (2) | Head of Global Conference Planning & Travel |
| Boschen, Jeffrey | (2) | Senior Vice President, Client Services |
| Breton, Hugo | (2) | Senior Vice President, Transformation & Plan Services |
| Brown, Jack E. | (2) | Executive Vice President, US Chief Investment Officer & Lead Portfolio Manager |
| Burton, William | (2) | Senior Vice President, Information Technology Application Engineering |
| Craig, Casey | (2) | Executive Vice President, Empower Large Mega NFP Markets |
| Dugan, Christine | (2) | Chief Actuary |
| Eby, Amy | (2) | Appointed Actuary |
| Fedora, Jennifer | (2) | Senior Vice President, Participant Services |
| Ferguson, Kelley | (2) | Senior Vice President, Total Rewards & Human Resources Operations |
| Franklin, Simon | (2) | Senior Vice President, Head of Relationship Management, LMN |
| Gray, David | (2) | Executive Vice President, Enterprise Solutions |
| Hobby, Roger | (2) | Executive Vice President, Personal Wealth Distribution & Advisory |
| Hooker, Mel | (2) | Senior Vice President, Empower Experience |
| Jeffries, William | (2) | Senior Vice President, Operations |
| Klaff, Jon | (2) | Head of Personal Wealth Marketing |
| Kline, Carol | (2) | Executive Vice President and Chief Information Officer |
| Krieder, Jonathan | (2) | Executive Vice President and Head of Empower Investments |
| Lemire, Kevin | (2) | Head of General Services |
| Linton, Richard H., Jr. | (2) | President and Chief Operating Officer |

---

---

| | | |
|:---|:---|:---|
| Logsdon, Ryan | (2) | Vice President, Deputy General Counsel & Corporate Secretary |
| McLeod, David G. | (2) | Executive Vice President & Chief Business Development Officer |
| Miller, Laura | (2) | Senior Vice President, General Counsel, Workplace Solutions & Personal Wealth |
| Moritz, Christine | (2) | Executive Vice President & Chief Financial Officer |
| Munro, Ken | (2) | Senior Vice President, National Sales, Core Markets |
| Noble, Kelly | (3) | Executive Vice President, General Counsel & Chief Legal Officer |
| O'Leary, Stephanie | (2) | Corporate Treasurer |
| Peterson, Douglas | (2) | Chief Information Security Officer |
| Roe, Kara S. | (2) | Controller & Chief Accounting Officer |
| Sanchez, Suzanne M. | (2) | Executive Vice President & Chief Human Resources Officer |
| Smolen, Joseph M. | (2) | President, Workplace Solutions |
| Soderquist, Darlene | (2) | Vice President, Relationship Management Core |
| Stillman, Steven | (2) | Senior Vice President, Empower Personal Wealth Operations |
| Tamblyn, Ray | (2) | Head of Product Wealth Management |
| Waddell, Carol E. | (2) | President, Empower Personal Wealth |
| Waldron, KC | (2) | Chief Compliance Officer |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) 100 Osborne Street North, Winnipeg, Manitoba, Canada R3C 3A5.

&nbsp;&nbsp;&nbsp;&nbsp;(2) 8515 East Orchard Road, Greenwood Village, Colorado 80111.

&nbsp;&nbsp;&nbsp;&nbsp;(3) Power
 Financial Corporation, 751 Victoria Square, Montreal, Quebec, Canada H2Y 2J3

&nbsp;&nbsp;&nbsp;&nbsp;(4) BrookField Asset Management Inc., 335 8<sup>th</sup> Avenue, SW,
 Suite 1700, Calgary, AB T2P 1C9

&nbsp;&nbsp;&nbsp;&nbsp;(5) JP Morgan Chase, 270 Park Avenue, Floor 47, New York, NY 10017

&nbsp;&nbsp;&nbsp;&nbsp;(6) Saguenay Capital, LLC, The Centre at Purchase, Two Manhattanville
 Road, Suite 403, Purchase, NY 10577

**Item 29. Persons Controlled by or Under Common Control with the Insurance Company or Registered Separate Account**

The Registrant is a separate account of Empower Annuity Insurance Company of America, a stock life insurance company incorporated under the laws of the State of Colorado ("Insurance Company"). The Insurance Company is an indirect subsidiary of Power Corporation of Canada. [An organizational chart for Power Corporations of Canada is attached as an exhibit herein.](tm263879d3_ex99-29.htm)

**Item 30. Indemnification**

Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

Provisions exist under the Colorado Business Corporation Act and the Bylaws of Empower (formerly Great-West) whereby Empower may indemnify a director, officer or controlling person of Empower against liabilities arising under the Securities Act of 1933. The following excerpts contain the substance of these provisions:

**<u>Colorado Business Corporation Act</u>**

Article 109 — INDEMNIFICATION

Section 7-109-101. Definitions. As used in this article:

(1) "Corporation" includes any domestic or foreign entity that is a predecessor of a corporation by reason of a merger or other transaction in which the predecessor's existence ceased upon consummation of the transaction.

(2) "Director" means an individual who is or was a director of a corporation or an individual who, while a director of a corporation, is or was serving at the corporation's request as a director, an officer, an agent, an associate, an employee, a fiduciary, a manager, a member, a partner, a promoter, or a trustee of, or to hold any similar position with, another domestic or foreign entity or of an employee benefit plan. A director is considered to be serving an employee benefit plan at the corporation's request if the director's duties to the corporation also impose duties on, or otherwise involve services by, the director to the plan or to participants in or beneficiaries of the plan. "Director" includes, unless the context requires otherwise, the estate or personal representative of a deceased director.

(3) "Expenses" includes counsel fees.

(4) "Liability" means the obligation incurred with respect to a proceeding to pay a judgment, settlement, penalty, fine, including an excise tax assessed with respect to an employee benefit plan, or reasonable expenses.

(5) "Official capacity"
means, when used with respect to a director, the office of director in a corporation and, when used with respect to a person other than
a director as contemplated in section 7-109-107, the office in a corporation held by the officer or the employment, fiduciary, or agency
relationship undertaken by the employee, fiduciary, or agent on behalf of the corporation. "Official capacity" does not include
service for any other domestic or foreign corporation or other person or employee benefit plan.

(6) "Party" includes a person who was, is, or is threatened to be made a named defendant or respondent in a proceeding.

(7) "Proceeding" means any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative and whether formal or informal.

Section 7-109-102. Authority to indemnify directors.

&nbsp;&nbsp;&nbsp;&nbsp;(1) Except as provided in subsection (4) of this section, a corporation may indemnify a person made a party to a proceeding because the person is or was a director against liability incurred in the proceeding if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The person's conduct was in good faith; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The person reasonably believed:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) In the case of conduct in an official capacity with the corporation, that such conduct was in the corporation's best interests; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II) In all other cases, that such conduct was at least not opposed to the corporation's best interests; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In the case of any criminal proceeding, the person had no reasonable cause to believe the person's conduct was unlawful.

&nbsp;&nbsp;&nbsp;&nbsp;(2) A director's conduct with respect to an employee benefit plan for a purpose the director reasonably believed to be in the interests of the participants in or beneficiaries of the plan is conduct that satisfies the requirement of subparagraph (II) of paragraph (b) of subsection (1) of this section. A director's conduct with respect to an employee benefit plan for a purpose that the director did not reasonably believe to be in the interests of the participants in or beneficiaries of the plan shall be deemed not to satisfy the requirements of paragraph (a) of subsection (1) of this section.

&nbsp;&nbsp;&nbsp;&nbsp;(3) The termination of a proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent is not, of itself, determinative that the director did not meet the standard of conduct described in this section.

&nbsp;&nbsp;&nbsp;&nbsp;(4) A corporation may not indemnify a director under this section:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In connection with a proceeding by or in the right of the corporation in which the director was adjudged liable to the corporation; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In connection with any other proceeding charging that the director derived an improper personal benefit, whether or not involving action in an official capacity, in which proceeding the director was adjudged liable on the basis that the director derived an improper personal benefit.

&nbsp;&nbsp;&nbsp;&nbsp;(5) Indemnification permitted under this section in connection with a proceeding by or in the right of the corporation is limited to reasonable expenses incurred in connection with the proceeding.

Section 7-109-103. Mandatory Indemnification of Directors.

Unless limited by its articles of incorporation, a corporation shall indemnify a person who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the person was a party because the person is or was a director, against reasonable expenses incurred by the person in connection with the proceeding.

Section 7-109-104. Advance of Expenses to Directors.

&nbsp;&nbsp;&nbsp;&nbsp;(1) A corporation may pay for or reimburse the reasonable expenses incurred by a director who is a party to a proceeding in advance of final disposition of the proceeding if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The director furnishes to the corporation a written affirmation of the director's good-faith belief that the director has met the standard of conduct described in section 7-109-102;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The director furnishes to the corporation a written undertaking, executed personally or on the director's behalf, to repay the advance if it is ultimately determined that the director did not meet the standard of conduct; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) A determination is made that the facts then known to those making the determination would not preclude indemnification under this article.

&nbsp;&nbsp;&nbsp;&nbsp;(2) The undertaking required by paragraph (b) of subsection (1) of this section shall be an unlimited general obligation of the director but need not be secured and may be accepted without reference to financial ability to make repayment.

&nbsp;&nbsp;&nbsp;&nbsp;(3) Determinations and authorizations of payments under this section shall be made in the manner specified in section 7-109-106.

Section 7-109-105. Court-Ordered Indemnification of Directors.

&nbsp;&nbsp;&nbsp;&nbsp;(1) Unless otherwise provided in the articles of incorporation, a director who is or was a party to a proceeding may apply for indemnification to the court conducting the proceeding or to another court of competent jurisdiction. On receipt of an application, the court, after giving any notice the court considers necessary, may order indemnification in the following manner:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If it determines that the director is entitled to mandatory indemnification under section 7-109-103, the court shall order indemnification, in which case the court shall also order the corporation to pay the director's reasonable expenses incurred to obtain court-ordered indemnification.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If it determines that the director is fairly and reasonably entitled to indemnification in view of all the relevant circumstances, whether or not the director met the standard of conduct set forth in section 7-109- 102(1) or was adjudged liable in the circumstances described in section 7-109-102(4), the court may order such indemnification as the court deems proper; except that the indemnification with respect to any proceeding in which liability shall have been adjudged in the circumstances described in section 7-109- 102(4) is limited to reasonable expenses incurred in connection with the proceeding and reasonable expenses incurred to obtain court-ordered indemnification.

Section 7-109-106. Determination and Authorization of Indemnification of Directors.

&nbsp;&nbsp;&nbsp;&nbsp;(1) A corporation may not indemnify a director under section 7-109-102 unless authorized in the specific case after a determination has been made that indemnification of the director is permissible in the circumstances because the director has met the standard of conduct set forth in section 7-109-102. A corporation shall not advance expenses to a director under section 7-109-104 unless authorized in the specific case after the written affirmation and undertaking required by section 7-109-104(1)(a) and (1)(b) are received and the determination required by section 7-109-104(1)(c) has been made.

&nbsp;&nbsp;&nbsp;&nbsp;(2) The determinations required by subsection (1) of this section shall be made:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) By the board of directors by a majority vote of those present at a meeting at which a quorum is present, and only those directors not parties to the proceeding shall be counted in satisfying the quorum; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If a quorum cannot be obtained, by a majority vote of a committee of the board of directors designated by the board of directors, which committee shall consist of two or more directors not parties to the proceeding; except that directors who are parties to the proceeding may participate in the designation of directors for the committee.

&nbsp;&nbsp;&nbsp;&nbsp;(3) If a quorum cannot be obtained as contemplated in paragraph (a) of subsection (2) of this section, and a committee cannot be established under paragraph (b) of subsection (2) of this section, or, even if a quorum is obtained or a committee is designated, if a majority of the directors constituting such quorum or such committee so directs, the determination required to be made by subsection (1) of this section shall be made:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) By independent legal counsel selected by a vote of the board of directors or the committee in the manner specified in paragraph (a) or (b) of subsection (2) of this section or, if a quorum of the full board cannot be obtained and a committee cannot be established, by independent legal counsel selected by a majority vote of the full board of directors; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) By the shareholders.

&nbsp;&nbsp;&nbsp;&nbsp;(4) Authorization of indemnification and advance of expenses shall be made in the same manner as the determination that indemnification or advance of expenses is permissible; except that, if the determination that indemnification or advance of expenses is permissible is made by independent legal counsel, authorization of indemnification and advance of expenses shall be made by the body that selected such counsel.

Section 7-109-107. Indemnification of Officers, Employees, Fiduciaries, and Agents.

&nbsp;&nbsp;&nbsp;&nbsp;(1) Unless otherwise provided in the articles of incorporation:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) An officer is entitled to mandatory indemnification under section 7-109-103, and is entitled to apply for court-ordered indemnification under section 7-109-105, in each case to the same extent as a director;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) A corporation may indemnify and advance expenses to an officer, employee, fiduciary, or agent of the corporation to the same extent as to a director; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) A corporation may also indemnify and advance expenses to an officer, employee, fiduciary, or agent who is not a director to a greater extent, if not inconsistent with public policy, and if provided for by its bylaws, general or specific action of its board of directors or shareholders, or contract.

Section 7-109-108. Insurance.

A corporation may purchase and maintain insurance on behalf of a person who is or was a director, officer, employee, fiduciary, or agent of the corporation, or who, while a director, officer, employee, fiduciary, or agent of the corporation, is or was serving at the request of the corporation as a director, officer, partner, trustee, employee, fiduciary, or agent of another domestic or foreign entity or of an employee benefit plan, against liability asserted against or incurred by the person in that capacity or arising from the person's status as a director, officer, employee, fiduciary, or agent, whether or not the corporation would have power to indemnify the person against the same liability under section 7-109-102, 7-109-103, or 7-109-107. Any such insurance may be procured from any insurance company designated by the board of directors, whether such insurance company is formed under the law of this state or any other jurisdiction of the United States or elsewhere, including any insurance company in which the corporation has an equity or any other interest through stock ownership or otherwise.

Section 7-109-109. Limitation of Indemnification of Directors.

&nbsp;&nbsp;&nbsp;&nbsp;(1) A provision treating a corporation's indemnification of, or advance of expenses to, directors that is contained in its articles of incorporation or bylaws, in a resolution of its shareholders or board of directors, or in a contract, except an insurance policy, or otherwise, is valid only to the extent the provision is not inconsistent with sections 7-109-101 to 7-109-108. If the articles of incorporation limit indemnification or advance of expenses, indemnification and advance of expenses are valid only to the extent not inconsistent with the articles of incorporation.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Sections 7-109-101 to 7-109-108 do not limit a corporation's power to pay or reimburse expenses incurred by a director in connection with an appearance as a witness in a proceeding at a time when the director has not been made a named defendant or respondent in the proceeding.

Section 7-109-110. Notice to Shareholders of Indemnification of Director.

If a corporation indemnifies or advances expenses to a director under this article in connection with a proceeding by or in the right of the corporation, the corporation shall give written notice of the indemnification or advance to the shareholders with or before the notice of the next shareholders' meeting. If the next shareholder action is taken without a meeting at the instigation of the board of directors, such notice shall be given to the shareholders at or before the time the first shareholder signs a writing consenting to such action.

**<u>Bylaws of Empower</u>**

Article IV. Indemnification

SECTION 1. In this Article, the following terms shall have the following meanings:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) "expenses" means reasonable expenses incurred in a proceeding, including expenses of investigation and preparation, expenses in connection with an appearance as a witness, and fees and disbursement of counsel, accountants or other experts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) "liability" means an obligation incurred with respect to a proceeding to pay a judgment, settlement, penalty or fine;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) "party" includes a person who was, is, or is threatened to be made a named defendant or respondent in a proceeding;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) "proceeding" means any threatened, pending or completed action, suit, or proceeding whether civil, criminal, administrative or investigative, and whether formal or informal.

SECTION 2. Subject to applicable law, if any person who is or was a director, officer or employee of the corporation is made a party to a proceeding because the person is or was a director, officer or employee of the corporation, the corporation shall indemnify the person, or the estate or personal representative of the person, from and against all liability and expenses incurred by the person in the proceeding (and advance to the person expenses incurred in the proceeding) if, with respect to the matter(s) giving rise to the proceeding:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the person conducted himself or herself in good faith; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the person reasonably believed that his or her conduct was in the corporation's best interests; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in the case of any criminal proceeding, the person had no reasonable cause to believe that his or her conduct was unlawful; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) if the person is or was an employee of the corporation, the person acted in the ordinary course of the person's employment with the corporation.

SECTION 3. Subject to applicable law, if any person who is or was serving as a director, officer, trustee or employee of another company or entity at the request of the corporation is made a party to a proceeding because the person is or was serving as a director, officer, trustee or employee of the other company or entity, the corporation shall indemnify the person, or the estate or personal representative of the person, from and against all liability and expenses incurred by the person in the proceeding (and advance to the person expenses incurred in the proceeding) if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the person is or was appointed to serve at the request of the corporation as a director, officer, trustee or employee of the other company or entity in accordance with Indemnification Procedures approved by the Board of Directors of the corporation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) with respect to the matter(s) giving rise to the proceeding:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the person conducted himself or herself in good faith; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the person reasonably believed that his or her conduct was at least not opposed to the corporation's best interests (in the case of a trustee of one of the corporation's staff benefits plans, this means that the person's conduct was for a purpose the person reasonably believed to be in the interests of the plan participants); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) in the case of any criminal proceeding, the person had no reasonable cause to believe that his or her conduct was unlawful; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) if the person is or was an employee of the other company or entity, the person acted in the ordinary course of the person's employment with the other company or entity.

**Item 31. Principal Underwriter**

(a) Investment Distributors, Inc. ("IDI") is the principal underwriter of the Contracts as defined in the Investment Company Act of 1940. IDI is also principal underwriter for the Protective Variable Annuity Separate Account, Protective Variable Life Separate Account, Protective NY Variable Life Separate Account, PLICO Variable Annuity Account S, Protective COLI VUL, Protective COLI PPVUL, Variable Annuity Separate Account A of Protective Life, PLAIC Variable Annuity Account S, and Protective NY COLI VUL. The principal underwriter, IDI, is also currently distributing units of interest in the following separate accounts: Variable Annuity-1 Series Account, Variable Annuity-1 Series Account of Great West Life & Annuity Insurance Company of New York, Variable Annuity-2 Series Account [New York], Variable Annuity-3 Series Account, COLI VUL-2 Series Account, COLI VUL-2 Series Account of Great West Life & Annuity Insurance Company of New York, COLI VUL-4 Series Account of Great-West Life & Annuity Insurance Company, Maxim Series Account of Great West Life & Annuity Insurance Company, Prestige Variable Life Account, Pinnacle Series Account of Great West Life & Annuity Insurance Company, Trillium Variable Annuity Account.

(b) The following information is furnished with respect to the officers and directors of IDI:

---

| | |
|:---|:---|
| **Name and Principal<br> Business Address\*** | **Position and Offices with Underwriter** |
| Baggett, Alan | Assistant Financial Officer |
| Barkson, Carl | Vice President, Head of Corporate Tax |
| Carlson, Martha H. | Designated Responsible Licensed Producer |
| Coffman, Benjamin P. | Chief Financial Officer |
| Collazo, Kimberly B. | Assistant Secretary |
| Creutzmann, Scott E. | Director |
| Lane, Jamie L. | Director |
| Leopard, Mona | Assistant Secretary |
| McCreless, Kevin L. | Chief Compliance Officer |
| Morsch, Letitia A. | Assistant Secretary, and Director |
| Peevy, Melinda | Secretary |
| Tennent, Rayburn | Assistant Financial Officer |
| Wagner, James | President and Director |

---

\* Unless otherwise indicated, principal business address is 2801 Highway 280 South, Birmingham, Alabama, 35223.

(c) The following commissions were received by each principal underwriter, directly or indirectly, from the Insurance Company during the Insurance Company's last fiscal year:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **(1) Name of Principal<br> Underwriter** | **(2) Net Underwriting<br> Discounts** | **(3) Compensation on<br> Redemption** | **(4) Brokerage<br> Commissions** | **(5) Other<br> Compensation** |
| Investment Distributors, Inc. | N/A |  | N/A | N/A |

---

**Item 31A. Information about Contracts with Index-Linked Options and Fixed Options Subject to a Contract Adjustment – Not Applicable**

**Item 32. Location of Accounts and Records**

All accounts, books, or other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940 and the rules promulgated thereunder are maintained by the Registrant through the Insurance Company, 8515 East Orchard Road, Greenwood Village, Colorado 80111 and at 2801 Highway 280 South, Birmingham, Alabama 35223.

**Item 33. Management Services - Not Applicable.**

**Item 34. Fee Representation and Undertakings**

The Insurance Company, Empower Annuity Insurance Company of America, represents the fees and charges deducted under the Contract, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by Empower Annuity Insurance Company of America.

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of Rule 485(b) under the Securities Act for effectiveness and has duly caused this Post-Effective Amendment to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Birmingham, State of Alabama, on April 21, 2026.

---

| |
|:---|
| VARIABLE ANNUITY-2 SERIES ACCOUNT |
| (Registered Separate Account) |
| By: \* |
| &nbsp;&nbsp;&nbsp;&nbsp;Edmund F. Murphy III, *President* |
| *Empower Annuity Insurance Company of America* |
| &nbsp;&nbsp;&nbsp;&nbsp;EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA |
| (Insurance Company) |
| By: \* |
| &nbsp;&nbsp;&nbsp;&nbsp;Edmund F. Murphy III, *President* |
| *Empower Annuity Insurance Company of America* |

---

As required by the Securities Act of 1933, this Post-Effective Amendment to the Registration Statement has been signed by the following persons in the capacities and on the dates indicated:

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| \* | Chairman of the Board and Director | \* |
| R. Jeffrey Orr |  |  |
| \* | President, Chief Executive Officer, and Director | \* |
| Edmund F. Murphy III | (Principal Executive Officer) |  |
| \* | Senior Vice President and Chief Financial Officer | \* |
| Christine Moritz | (Principal Accounting and Financial Officer) |  |
| \* | Director | \* |
| Robin Bienfait |  |  |
| \* | Director | \* |
| Marcel Coutu |  |  |
| \* | Director | \* |
| Andre Desmarais |  |  |
| \* | Director | \* |
| Paul Desmarais, III |  |  |

---

---

| | | |
|:---|:---|:---|
| \* | Director | \* |
| Philippe Desmarais |  |  |
| \* | Director | \* |
| Gary Doer |  |  |
| \* | Director | \* |
| Gregory Fleming |  |  |
| \* | Director | \* |
| Claude Genereux |  |  |
| \* | Director | \* |
| David Harney |  |  |
| \* | Director | \* |
| Jason P. Lawrence |  |  |
| \* | Director | \* |
| Alain Louvel |  |  |
| \* | Director | \* |
| Paula Madoff |  |  |
| \* | Director | \* |
| James P. O'Sullivan |  |  |
| \* | Director | \* |
| Robert Reynolds |  |  |
| \* | Director | \* |
| T. Timothy Ryan |  |  |
| \* | Director | \* |
| Jerome Selitto |  |  |
| \* | Director | \* |
| Dhvani Shah |  |  |
| \* | Director | \* |
| Brian Walsh |  |  |

---

---

| | | |
|:---|:---|:---|
| \*BY: | /S/ BRANDON J. CAGE | April 21, 2026 |
| Brandon J. Cage | Brandon J. Cage |  |
| *Attorney-in-Fact* | *Attorney-in-Fact* |  |

---

**EXHIBIT INDEX**

[(h) (28) (iii) Amendment dated April 24, 2026 to Participation Agreement (Lincoln Variable Insurance Products Trust)](tm263879d7_ex99-xhx28xiii.htm)

[(l) (1) Consent of Deloitte & Touche LLP](tm262742d1_ex99-xlx1.htm)

[(l) (2) Consent of KPMG LLP](tm262742d1_ex99-xlx2.htm)

[(p) (1) Powers of Attorney](tm263879d7_ex99-xpx1.htm)

[Item (29) Organizational chart of Power Corporation of Canada](tm263879d3_ex99-29.htm)

## Ex-99.(H)(28)(Iii)

**Amendment to Fund Participation Agreement**

This Amendment (the "Amendment"), by and among Lincoln Variable Insurance Products Trust, a Delaware statutory trust ("Trust"), on its behalf and on behalf of its investment series set forth in Exhibit A (each, a "Fund"), Lincoln Financial Investments, a Tennessee corporation ("Adviser"), Lincoln Financial Distributors, Inc., a Connecticut corporation ("Distributor") and Empower Annuity Insurance Company of America (formerly Great-West Life & Annuity Insurance Company) and Empower Life & Annuity Insurance Company of New York (formerly Great-West Life & Annuity Insurance Company of New York formerly) ("Company"), is effective as of April 24, 2026 (the "Effective Date").

WHEREAS, the parties hereto entered into the Fund Participation Agreement ("Agreement"), executed and effective as of June 5, 2007, as amended; and

WHEREAS, the parties desire to amend the Agreement to update Exhibit A.

NOW, THEREFORE, in consideration of the promises and mutual covenants hereinafter contained, the parties, intending to be legally bound, agree as follows:

1. Exhibit A shall be deleted in its entirety and replaced with Exhibit A attached hereto.

2. Unless otherwise defined in this Amendment, all terms used herein shall have the meanings they were
ascribed in the Agreement.

3. All other terms and conditions of the Agreement remain in effect and are hereby incorporated herein
by reference.

4. This Amendment may be executed in counterparts, each of which shall be deemed to be an original.

[Signature Page to Follow]

IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment to be executed by its duly authorized representative as of the Effective Date.

---

| | | | |
|:---|:---|:---|:---|
| Lincoln Variable Insurance | Lincoln Variable Insurance | Lincoln Financial Investments | Lincoln Financial Investments |
| Products Trust | Products Trust | Corporation | Corporation |
| By: | /s/ Jennifer Matthews | By: | /s/ Jennifer Matthews |
| Name: | Jennifer Matthews | Name: | Jennifer Matthews |
| Title: | Vice President | Title: | Vice President |
| Date: | 3/19/2026 | Date: | 3/19/2026 |
| Lincoln Financial Distributors, Inc. | Lincoln Financial Distributors, Inc. | Protective Life Insurance Company,<br> as administrator and on behalf of<br> Empower Annuity Insurance<br> Company of America | Protective Life Insurance Company,<br> as administrator and on behalf of<br> Empower Annuity Insurance<br> Company of America |
| By: | /s/ Michael Herron | By: | /s/ Steve Cramer |
| Name: | Michael Herron | Name: | Steve Cramer |
| Title: | VP Sales Operations | Title: | Chief Product Officer – Retirement Division |
| Date: | 3/19/2026 | Date: | 3/19/2026 |
| Protective Life and Annuity Insurance <br> Company, as administrator and on behalf of <br> Empower Life & Annuity Insurance<br> Company of New York | Protective Life and Annuity Insurance <br> Company, as administrator and on behalf of <br> Empower Life & Annuity Insurance<br> Company of New York |  |  |
| By: | /s/ Steve Cramer |  |  |
| Name: | Steve Cramer |  |  |
| Title: | Chief Product Officer – Retirement Division |  |  |
| Date: | 3/19/2026 |  |  |

---

**Exhibit A**

**Funds**

**Dated as of April 24, 2026**

The currently available Funds of the Trust are:

LVIP Baron Growth Opportunities Fund

LVIP ClearBridge Dividend Strategy Fund

LVIP ClearBridge Large Cap Growth Fund

LVIP Macquarie Diversified Income Fund

LVIP Nomura High Yield Fund

LVIP Macquarie Limited-Term Diversified Income Fund

LVIP Nomura U.S. REIT Fund

LVIP Nomura SMID Cap Core Fund

LVIP NomuraU.S. Growth Fund

LVIP BlackRock Equity Dividend Fund

LVIP JPMorgan Core Bond Fund

LVIP JPMorgan Mid Cap Value Fund

LVIP JPMorgan Small Cap Core Fund

LVIP JPMorgan U.S. Equity Fund

LVIP American Century Balanced Fund

LVIP American Century Capital Appreciation Fund

LVIP Avantis Large Cap Value Fund

LVIP American Century Inflation Protection Fund

LVIP American Century International Fund

LVIP American Century Large Company Value Fund

LVIP American Century Mid Cap Value Fund

LVIP American Century Ultra Fund

LVIP American Century Value Fund

## Ex-99.(L)(1)

**Exhibit 99.(l)(1)**

**CONSENT OF INDEPENDENT AUDITOR**

We consent to the incorporation by reference in this Registration Statement No. 333-212090 on Form N-4 of our report dated March 31, 2026, relating to the statutory-basis financial statements of Empower Annuity Insurance Company of America. We also consent to the reference to us under the heading "Independent Auditors" in such Registration Statement.

/s/ Deloitte & Touche LLP

Denver, Colorado

April 21, 2026

## Ex-99.(L)(2)

**Exhibit 99.(l)(2)**

**Consent of Independent Registered Public Accounting Firm**

We consent to the use of our report dated April 16, 2026, with respect to the financial statements of the subaccounts that comprise Variable Annuity-2 Series Account, incorporated herein by reference, and to the reference to our firm under the heading "Independent Auditors" in the Statement of Additional Information.

/s/ KPMG LLP

Birmingham, Alabama

April 21, 2026

## Ex-99.(P)(1)

**EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA**

**POWER OF ATTORNEY**

KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned officers and Directors of Empower Annuity Insurance Company of America, a Colorado corporation (the "Company'), by his or her execution hereof or upon an identical counterpart hereof, does hereby constitute and appoint Richard J. Bielen, Bradford D. Rodgers, Bradley A. Strickling, Lindsay A. Thorpe, and Brandon J. Cage and each of them (with full power to each of them to act alone), as my true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for me and in my name, place and stead, in any and all capacities to execute (either in writing or electronically) on behalf of the Company or its separate accounts relating to annuity contracts and life insurance policies registered under the Securities Act of 1933 and/or the Investment Company Act of 1940, the "Registration Statements," as defined below, and any and all amendments thereto, together with all exhibits, instruments, and other documents necessary or appropriate in connection therewith, and to file the same with the Securities and Exchange Commission or any other federal or state regulatory authority as may be necessary or desirable, hereby ratifying and confirming all and every act and thing requisite to all intents and purposes that said attorney-in-fact and agent or his or her substitute, may lawfully do or cause to be done by virtue hereof. This Power of Attorney does not revoke any prior power of attorney. This Power of Attorney shall not be revoked by any subsequent power of attorney I may execute, unless such subsequent power of attorney specifically revokes this Power of Attorney or specifically states that the instrument is intended to revoke all prior powers of attorney.

The "Registration Statements" covered by this Power of Attorney are defined to include the registration statements listed below:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Contract Name | &nbsp;&nbsp; Registration<br> Statement<br> Securities Act<br> File Number | &nbsp;&nbsp;Separate Account Name | &nbsp;&nbsp; Separate Account<br> Investment<br> Company Act<br> File Number |
| &nbsp;&nbsp;Executive Benefit VUL I-II | &nbsp;&nbsp;333-70963 | &nbsp;&nbsp;COLI VUL-2 Series Account | &nbsp;&nbsp;811-9201 |
| &nbsp;&nbsp;Schwab OneSource Choice Variable Annuity | &nbsp;&nbsp;333-194043 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Schwab Advisor Choice Variable Annuity | &nbsp;&nbsp;333-194099 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Great-West Smart Track Advisor Variable Annuity | &nbsp;&nbsp;333-212090 | &nbsp;&nbsp;Variable Annuity-2 Series Account | &nbsp;&nbsp;811-5817 |
| &nbsp;&nbsp;Great-West Capital Choice & Great West Capital Choice Select | &nbsp;&nbsp;333-292334 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;Great-West Capital Choice Advisor | &nbsp;&nbsp;333-292336 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |

---

IN WITNESS WHEREOF, I have hereunto set my hand this 20<sup>th</sup> day of March, 2026.

<u>/s/ Robin A. Bienfait</u>

Robin A. Bienfait

WITNESS TO ALL SIGNATURES:

<u>/s/ Brandon J. Cage</u>

Brandon J. Cage

Vice President and Managing Counsel

Attorney-in-Fact

Protective Life Insurance Company as Administrator for Empower Annuity Insurance Company of America

**EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA**

**POWER OF ATTORNEY**

KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned officers and Directors of Empower Annuity Insurance Company of America, a Colorado corporation (the "Company'), by his or her execution hereof or upon an identical counterpart hereof, does hereby constitute and appoint Richard J. Bielen, Bradford D. Rodgers, Bradley A. Strickling, Lindsay A. Thorpe, and Brandon J. Cage and each of them (with full power to each of them to act alone), as my true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for me and in my name, place and stead, in any and all capacities to execute (either in writing or electronically) on behalf of the Company or its separate accounts relating to annuity contracts and life insurance policies registered under the Securities Act of 1933 and/or the Investment Company Act of 1940, the "Registration Statements," as defined below, and any and all amendments thereto, together with all exhibits, instruments, and other documents necessary or appropriate in connection therewith, and to file the same with the Securities and Exchange Commission or any other federal or state regulatory authority as may be necessary or desirable, hereby ratifying and confirming all and every act and thing requisite to all intents and purposes that said attorney-in-fact and agent or his or her substitute, may lawfully do or cause to be done by virtue hereof. This Power of Attorney does not revoke any prior power of attorney. This Power of Attorney shall not be revoked by any subsequent power of attorney I may execute, unless such subsequent power of attorney specifically revokes this Power of Attorney or specifically states that the instrument is intended to revoke all prior powers of attorney.

The "Registration Statements" covered by this Power of Attorney are defined to include the registration statements listed below:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Contract Name | &nbsp;&nbsp; Registration<br> Statement<br> Securities Act<br> File Number | &nbsp;&nbsp;Separate Account Name | &nbsp;&nbsp; Separate Account<br> Investment<br> Company Act<br> File Number |
| &nbsp;&nbsp;Executive Benefit VUL I-II | &nbsp;&nbsp;333-70963 | &nbsp;&nbsp;COLI VUL-2 Series Account | &nbsp;&nbsp;811-9201 |
| &nbsp;&nbsp;Schwab OneSource Choice Variable Annuity | &nbsp;&nbsp;333-194043 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Schwab Advisor Choice Variable Annuity | &nbsp;&nbsp;333-194099 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Great-West Smart Track Advisor Variable Annuity | &nbsp;&nbsp;333-212090 | &nbsp;&nbsp;Variable Annuity-2 Series Account | &nbsp;&nbsp;811-5817 |
| &nbsp;&nbsp;Great-West Capital Choice & Great West Capital Choice Select | &nbsp;&nbsp;333-292334 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;Great-West Capital Choice Advisor | &nbsp;&nbsp;333-292336 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |

---

IN WITNESS WHEREOF, I have hereunto set my hand this 20<sup>th</sup> day of March, 2026.

<u>/s/ Marcel R. Coutu</u>

Marcel R. Coutu

WITNESS TO ALL SIGNATURES:

<u>/s/ Brandon J. Cage</u>

Brandon J. Cage

Vice President and Managing Counsel

Attorney-in-Fact

Protective Life Insurance Company as Administrator for Empower Annuity Insurance Company of America

**EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA**

**POWER OF ATTORNEY**

KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned officers and Directors of Empower Annuity Insurance Company of America, a Colorado corporation (the "Company'), by his or her execution hereof or upon an identical counterpart hereof, does hereby constitute and appoint Richard J. Bielen, Bradford D. Rodgers, Bradley A. Strickling, Lindsay A. Thorpe, and Brandon J. Cage and each of them (with full power to each of them to act alone), as my true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for me and in my name, place and stead, in any and all capacities to execute (either in writing or electronically) on behalf of the Company or its separate accounts relating to annuity contracts and life insurance policies registered under the Securities Act of 1933 and/or the Investment Company Act of 1940, the "Registration Statements," as defined below, and any and all amendments thereto, together with all exhibits, instruments, and other documents necessary or appropriate in connection therewith, and to file the same with the Securities and Exchange Commission or any other federal or state regulatory authority as may be necessary or desirable, hereby ratifying and confirming all and every act and thing requisite to all intents and purposes that said attorney-in-fact and agent or his or her substitute, may lawfully do or cause to be done by virtue hereof. This Power of Attorney does not revoke any prior power of attorney. This Power of Attorney shall not be revoked by any subsequent power of attorney I may execute, unless such subsequent power of attorney specifically revokes this Power of Attorney or specifically states that the instrument is intended to revoke all prior powers of attorney.

The "Registration Statements" covered by this Power of Attorney are defined to include the registration statements listed below:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Contract Name | &nbsp;&nbsp; Registration<br> Statement <br> Securities Act<br> File Number | &nbsp;&nbsp;Separate Account Name | &nbsp;&nbsp; Separate Account<br> Investment <br> Company Act<br> File Number |
| &nbsp;&nbsp;Executive Benefit VUL I-II | &nbsp;&nbsp;333-70963 | &nbsp;&nbsp;COLI VUL-2 Series Account | &nbsp;&nbsp;811-9201 |
| &nbsp;&nbsp;Schwab OneSource Choice Variable Annuity | &nbsp;&nbsp;333-194043 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Schwab Advisor Choice Variable Annuity | &nbsp;&nbsp;333-194099 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Great-West Smart Track Advisor Variable Annuity | &nbsp;&nbsp;333-212090 | &nbsp;&nbsp;Variable Annuity-2 Series Account | &nbsp;&nbsp;811-5817 |
| &nbsp;&nbsp;Great-West Capital Choice & Great West Capital Choice Select | &nbsp;&nbsp;333-292334 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;Great-West Capital Choice Advisor | &nbsp;&nbsp;333-292336 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |

---

IN WITNESS WHEREOF, I have hereunto set my hand this 20<sup>th</sup> day of March, 2026.

<u>/s/ Andre R. Desmarais</u>

Andre R. Desmarais

WITNESS TO ALL SIGNATURES:

<u>/s/ Brandon J. Cage</u>

Brandon J. Cage

Vice President and Managing Counsel

Attorney-in-Fact

Protective Life Insurance Company as Administrator for Empower Annuity Insurance Company of America

**EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA**

**POWER OF ATTORNEY**

KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned officers and Directors of Empower Annuity Insurance Company of America, a Colorado corporation (the "Company'), by his or her execution hereof or upon an identical counterpart hereof, does hereby constitute and appoint Richard J. Bielen, Bradford D. Rodgers, Bradley A. Strickling, Lindsay A. Thorpe, and Brandon J. Cage and each of them (with full power to each of them to act alone), as my true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for me and in my name, place and stead, in any and all capacities to execute (either in writing or electronically) on behalf of the Company or its separate accounts relating to annuity contracts and life insurance policies registered under the Securities Act of 1933 and/or the Investment Company Act of 1940, the "Registration Statements," as defined below, and any and all amendments thereto, together with all exhibits, instruments, and other documents necessary or appropriate in connection therewith, and to file the same with the Securities and Exchange Commission or any other federal or state regulatory authority as may be necessary or desirable, hereby ratifying and confirming all and every act and thing requisite to all intents and purposes that said attorney-in-fact and agent or his or her substitute, may lawfully do or cause to be done by virtue hereof. This Power of Attorney does not revoke any prior power of attorney. This Power of Attorney shall not be revoked by any subsequent power of attorney I may execute, unless such subsequent power of attorney specifically revokes this Power of Attorney or specifically states that the instrument is intended to revoke all prior powers of attorney.

The "Registration Statements" covered by this Power of Attorney are defined to include the registration statements listed below:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Contract Name | &nbsp;&nbsp; Registration<br> Statement <br> Securities Act<br> File Number | &nbsp;&nbsp;Separate Account Name | &nbsp;&nbsp; Separate Account<br> Investment <br> Company Act<br> File Number |
| &nbsp;&nbsp;Executive Benefit VUL I-II | &nbsp;&nbsp;333-70963 | &nbsp;&nbsp;COLI VUL-2 Series Account | &nbsp;&nbsp;811-9201 |
| &nbsp;&nbsp;Schwab OneSource Choice Variable Annuity | &nbsp;&nbsp;333-194043 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Schwab Advisor Choice Variable Annuity | &nbsp;&nbsp;333-194099 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Great-West Smart Track Advisor Variable Annuity | &nbsp;&nbsp;333-212090 | &nbsp;&nbsp;Variable Annuity-2 Series Account | &nbsp;&nbsp;811-5817 |
| &nbsp;&nbsp;Great-West Capital Choice & Great West Capital Choice Select | &nbsp;&nbsp;333-292334 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;Great-West Capital Choice Advisor | &nbsp;&nbsp;333-292336 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |

---

IN WITNESS WHEREOF, I have hereunto set my hand this 20<sup>th</sup> day of March, 2026.

<u>/s/ Paul G. Desmarais, III</u>

Paul G. Desmarais, III

WITNESS TO ALL SIGNATURES:

<u>/s/ Brandon J. Cage</u>

Brandon J. Cage

Vice President and Managing Counsel

Attorney-in-Fact

Protective Life Insurance Company as Administrator for Empower Annuity Insurance Company of America

**EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA**

**POWER OF ATTORNEY**

KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned officers and Directors of Empower Annuity Insurance Company of America, a Colorado corporation (the "Company'), by his or her execution hereof or upon an identical counterpart hereof, does hereby constitute and appoint Richard J. Bielen, Bradford D. Rodgers, Bradley A. Strickling, Lindsay A. Thorpe, and Brandon J. Cage and each of them (with full power to each of them to act alone), as my true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for me and in my name, place and stead, in any and all capacities to execute (either in writing or electronically) on behalf of the Company or its separate accounts relating to annuity contracts and life insurance policies registered under the Securities Act of 1933 and/or the Investment Company Act of 1940, the "Registration Statements," as defined below, and any and all amendments thereto, together with all exhibits, instruments, and other documents necessary or appropriate in connection therewith, and to file the same with the Securities and Exchange Commission or any other federal or state regulatory authority as may be necessary or desirable, hereby ratifying and confirming all and every act and thing requisite to all intents and purposes that said attorney-in-fact and agent or his or her substitute, may lawfully do or cause to be done by virtue hereof. This Power of Attorney does not revoke any prior power of attorney. This Power of Attorney shall not be revoked by any subsequent power of attorney I may execute, unless such subsequent power of attorney specifically revokes this Power of Attorney or specifically states that the instrument is intended to revoke all prior powers of attorney.

The "Registration Statements" covered by this Power of Attorney are defined to include the registration statements listed below:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Contract Name | &nbsp;&nbsp; Registration<br> Statement <br> Securities Act<br> File Number | &nbsp;&nbsp;Separate Account Name | &nbsp;&nbsp; Separate Account<br> Investment <br> Company Act<br> File Number |
| &nbsp;&nbsp;Executive Benefit VUL I-II | &nbsp;&nbsp;333-70963 | &nbsp;&nbsp;COLI VUL-2 Series Account | &nbsp;&nbsp;811-9201 |
| &nbsp;&nbsp;Schwab OneSource Choice Variable Annuity | &nbsp;&nbsp;333-194043 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Schwab Advisor Choice Variable Annuity | &nbsp;&nbsp;333-194099 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Great-West Smart Track Advisor Variable Annuity | &nbsp;&nbsp;333-212090 | &nbsp;&nbsp;Variable Annuity-2 Series Account | &nbsp;&nbsp;811-5817 |
| &nbsp;&nbsp;Great-West Capital Choice & Great West Capital Choice Select | &nbsp;&nbsp;333-292334 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;Great-West Capital Choice Advisor | &nbsp;&nbsp;333-292336 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |

---

IN WITNESS WHEREOF, I have hereunto set my hand this 20<sup>th</sup> day of March, 2026.

<u>/s/ Gary A. Doer</u>

Gary A. Doer

WITNESS TO ALL SIGNATURES:

<u>/s/ Brandon J. Cage</u>

Brandon J. Cage

Vice President and Managing Counsel

Attorney-in-Fact

Protective Life Insurance Company as Administrator for Empower Annuity Insurance Company of America

**EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA**

**POWER OF ATTORNEY**

KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned officers and Directors of Empower Annuity Insurance Company of America, a Colorado corporation (the "Company'), by his or her execution hereof or upon an identical counterpart hereof, does hereby constitute and appoint Richard J. Bielen, Bradford D. Rodgers, Bradley A. Strickling, Lindsay A. Thorpe, and Brandon J. Cage and each of them (with full power to each of them to act alone), as my true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for me and in my name, place and stead, in any and all capacities to execute (either in writing or electronically) on behalf of the Company or its separate accounts relating to annuity contracts and life insurance policies registered under the Securities Act of 1933 and/or the Investment Company Act of 1940, the "Registration Statements," as defined below, and any and all amendments thereto, together with all exhibits, instruments, and other documents necessary or appropriate in connection therewith, and to file the same with the Securities and Exchange Commission or any other federal or state regulatory authority as may be necessary or desirable, hereby ratifying and confirming all and every act and thing requisite to all intents and purposes that said attorney-in-fact and agent or his or her substitute, may lawfully do or cause to be done by virtue hereof. This Power of Attorney does not revoke any prior power of attorney. This Power of Attorney shall not be revoked by any subsequent power of attorney I may execute, unless such subsequent power of attorney specifically revokes this Power of Attorney or specifically states that the instrument is intended to revoke all prior powers of attorney.

The "Registration Statements" covered by this Power of Attorney are defined to include the registration statements listed below:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Contract Name | &nbsp;&nbsp; Registration<br> Statement <br> Securities Act<br> File Number | &nbsp;&nbsp;Separate Account Name | &nbsp;&nbsp; Separate Account<br> Investment <br> Company Act<br> File Number |
| &nbsp;&nbsp;Executive Benefit VUL I-II | &nbsp;&nbsp;333-70963 | &nbsp;&nbsp;COLI VUL-2 Series Account | &nbsp;&nbsp;811-9201 |
| &nbsp;&nbsp;Schwab OneSource Choice Variable Annuity | &nbsp;&nbsp;333-194043 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Schwab Advisor Choice Variable Annuity | &nbsp;&nbsp;333-194099 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Great-West Smart Track Advisor Variable Annuity | &nbsp;&nbsp;333-212090 | &nbsp;&nbsp;Variable Annuity-2 Series Account | &nbsp;&nbsp;811-5817 |
| &nbsp;&nbsp;Great-West Capital Choice & Great West Capital Choice Select | &nbsp;&nbsp;333-292334 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;Great-West Capital Choice Advisor | &nbsp;&nbsp;333-292336 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |

---

IN WITNESS WHEREOF, I have hereunto set my hand this 20<sup>th</sup> day of March, 2026.

<u>/s/ Gregory J. Fleming</u>

Gregory J. Fleming

WITNESS TO ALL SIGNATURES:

<u>/s/ Brandon J. Cage</u>

Brandon J. Cage

Vice President and Managing Counsel

Attorney-in-Fact

Protective Life Insurance Company as Administrator for Empower Annuity Insurance Company of America

**EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA**

**POWER OF ATTORNEY**

KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned officers and Directors of Empower Annuity Insurance Company of America, a Colorado corporation (the "Company'), by his or her execution hereof or upon an identical counterpart hereof, does hereby constitute and appoint Richard J. Bielen, Bradford D. Rodgers, Bradley A. Strickling, Lindsay A. Thorpe, and Brandon J. Cage and each of them (with full power to each of them to act alone), as my true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for me and in my name, place and stead, in any and all capacities to execute (either in writing or electronically) on behalf of the Company or its separate accounts relating to annuity contracts and life insurance policies registered under the Securities Act of 1933 and/or the Investment Company Act of 1940, the "Registration Statements," as defined below, and any and all amendments thereto, together with all exhibits, instruments, and other documents necessary or appropriate in connection therewith, and to file the same with the Securities and Exchange Commission or any other federal or state regulatory authority as may be necessary or desirable, hereby ratifying and confirming all and every act and thing requisite to all intents and purposes that said attorney-in-fact and agent or his or her substitute, may lawfully do or cause to be done by virtue hereof. This Power of Attorney does not revoke any prior power of attorney. This Power of Attorney shall not be revoked by any subsequent power of attorney I may execute, unless such subsequent power of attorney specifically revokes this Power of Attorney or specifically states that the instrument is intended to revoke all prior powers of attorney.

The "Registration Statements" covered by this Power of Attorney are defined to include the registration statements listed below:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Contract Name | &nbsp;&nbsp; Registration<br> Statement <br> Securities Act<br> File Number | &nbsp;&nbsp;Separate Account Name | &nbsp;&nbsp; Separate Account<br> Investment <br> Company Act<br> File Number |
| &nbsp;&nbsp;Executive Benefit VUL I-II | &nbsp;&nbsp;333-70963 | &nbsp;&nbsp;COLI VUL-2 Series Account | &nbsp;&nbsp;811-9201 |
| &nbsp;&nbsp;Schwab OneSource Choice Variable Annuity | &nbsp;&nbsp;333-194043 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Schwab Advisor Choice Variable Annuity | &nbsp;&nbsp;333-194099 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Great-West Smart Track Advisor Variable Annuity | &nbsp;&nbsp;333-212090 | &nbsp;&nbsp;Variable Annuity-2 Series Account | &nbsp;&nbsp;811-5817 |
| &nbsp;&nbsp;Great-West Capital Choice & Great West Capital Choice Select | &nbsp;&nbsp;333-292334 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;Great-West Capital Choice Advisor | &nbsp;&nbsp;333-292336 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |

---

IN WITNESS WHEREOF, I have hereunto set my hand this 20<sup>th</sup> day of March, 2026.

<u>/s/ Claude Généreux</u>

Claude Généreux

WITNESS TO ALL SIGNATURES:

<u>/s/ Brandon J. Cage</u>

Brandon J. Cage

Vice President and Managing Counsel

Attorney-in-Fact

Protective Life Insurance Company as Administrator for Empower Annuity Insurance Company of America

**EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA**

**POWER OF ATTORNEY**

KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned officers and Directors of Empower Annuity Insurance Company of America, a Colorado corporation (the "Company'), by his or her execution hereof or upon an identical counterpart hereof, does hereby constitute and appoint Richard J. Bielen, Bradford D. Rodgers, Bradley A. Strickling, Lindsay A. Thorpe, and Brandon J. Cage and each of them (with full power to each of them to act alone), as my true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for me and in my name, place and stead, in any and all capacities to execute (either in writing or electronically) on behalf of the Company or its separate accounts relating to annuity contracts and life insurance policies registered under the Securities Act of 1933 and/or the Investment Company Act of 1940, the "Registration Statements," as defined below, and any and all amendments thereto, together with all exhibits, instruments, and other documents necessary or appropriate in connection therewith, and to file the same with the Securities and Exchange Commission or any other federal or state regulatory authority as may be necessary or desirable, hereby ratifying and confirming all and every act and thing requisite to all intents and purposes that said attorney-in-fact and agent or his or her substitute, may lawfully do or cause to be done by virtue hereof. This Power of Attorney does not revoke any prior power of attorney. This Power of Attorney shall not be revoked by any subsequent power of attorney I may execute, unless such subsequent power of attorney specifically revokes this Power of Attorney or specifically states that the instrument is intended to revoke all prior powers of attorney.

The "Registration Statements" covered by this Power of Attorney are defined to include the registration statements listed below:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Contract Name | &nbsp;&nbsp; Registration<br> Statement <br> Securities Act<br> File Number | &nbsp;&nbsp;Separate Account Name | &nbsp;&nbsp; Separate Account<br> Investment <br> Company Act<br> File Number |
| &nbsp;&nbsp;Executive Benefit VUL I-II | &nbsp;&nbsp;333-70963 | &nbsp;&nbsp;COLI VUL-2 Series Account | &nbsp;&nbsp;811-9201 |
| &nbsp;&nbsp;Schwab OneSource Choice Variable Annuity | &nbsp;&nbsp;333-194043 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Schwab Advisor Choice Variable Annuity | &nbsp;&nbsp;333-194099 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Great-West Smart Track Advisor Variable Annuity | &nbsp;&nbsp;333-212090 | &nbsp;&nbsp;Variable Annuity-2 Series Account | &nbsp;&nbsp;811-5817 |
| &nbsp;&nbsp;Great-West Capital Choice & Great West Capital Choice Select | &nbsp;&nbsp;333-292334 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;Great-West Capital Choice Advisor | &nbsp;&nbsp;333-292336 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |

---

IN WITNESS WHEREOF, I have hereunto set my hand this 20<sup>th</sup> day of March, 2026.

<u>/s/ Alain Louvel</u>

Alain Louvel

WITNESS TO ALL SIGNATURES:

<u>/s/ Brandon J. Cage</u>

Brandon J. Cage

Vice President and Managing Counsel

Attorney-in-Fact

Protective Life Insurance Company as Administrator for Empower Annuity Insurance Company of America

**EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA**

**POWER OF ATTORNEY**

KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned officers and Directors of Empower Annuity Insurance Company of America, a Colorado corporation (the "Company'), by his or her execution hereof or upon an identical counterpart hereof, does hereby constitute and appoint Richard J. Bielen, Bradford D. Rodgers, Bradley A. Strickling, Lindsay A. Thorpe, and Brandon J. Cage and each of them (with full power to each of them to act alone), as my true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for me and in my name, place and stead, in any and all capacities to execute (either in writing or electronically) on behalf of the Company or its separate accounts relating to annuity contracts and life insurance policies registered under the Securities Act of 1933 and/or the Investment Company Act of 1940, the "Registration Statements," as defined below, and any and all amendments thereto, together with all exhibits, instruments, and other documents necessary or appropriate in connection therewith, and to file the same with the Securities and Exchange Commission or any other federal or state regulatory authority as may be necessary or desirable, hereby ratifying and confirming all and every act and thing requisite to all intents and purposes that said attorney-in-fact and agent or his or her substitute, may lawfully do or cause to be done by virtue hereof. This Power of Attorney does not revoke any prior power of attorney. This Power of Attorney shall not be revoked by any subsequent power of attorney I may execute, unless such subsequent power of attorney specifically revokes this Power of Attorney or specifically states that the instrument is intended to revoke all prior powers of attorney.

The "Registration Statements" covered by this Power of Attorney are defined to include the registration statements listed below:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Contract Name | &nbsp;&nbsp; Registration<br> Statement <br> Securities Act<br> File Number | &nbsp;&nbsp;Separate Account Name | &nbsp;&nbsp; Separate Account<br> Investment <br> Company Act<br> File Number |
| &nbsp;&nbsp;Executive Benefit VUL I-II | &nbsp;&nbsp;333-70963 | &nbsp;&nbsp;COLI VUL-2 Series Account | &nbsp;&nbsp;811-9201 |
| &nbsp;&nbsp;Schwab OneSource Choice Variable Annuity | &nbsp;&nbsp;333-194043 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Schwab Advisor Choice Variable Annuity | &nbsp;&nbsp;333-194099 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Great-West Smart Track Advisor Variable Annuity | &nbsp;&nbsp;333-212090 | &nbsp;&nbsp;Variable Annuity-2 Series Account | &nbsp;&nbsp;811-5817 |
| &nbsp;&nbsp;Great-West Capital Choice & Great West Capital Choice Select | &nbsp;&nbsp;333-292334 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;Great-West Capital Choice Advisor | &nbsp;&nbsp;333-292336 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |

---

IN WITNESS WHEREOF, I have hereunto set my hand this 20<sup>th</sup> day of March, 2026.

<u>/s/ Paula Madoff</u>

Paula Madoff

WITNESS TO ALL SIGNATURES:

<u>/s/ Brandon J. Cage</u>

Brandon J. Cage

Vice President and Managing Counsel

Attorney-in-Fact

Protective Life Insurance Company as Administrator for Empower Annuity Insurance Company of America

**EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA**

**POWER OF ATTORNEY**

KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned officers and Directors of Empower Annuity Insurance Company of America, a Colorado corporation (the "Company'), by his or her execution hereof or upon an identical counterpart hereof, does hereby constitute and appoint Richard J. Bielen, Bradford D. Rodgers, Bradley A. Strickling, Lindsay A. Thorpe, and Brandon J. Cage and each of them (with full power to each of them to act alone), as my true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for me and in my name, place and stead, in any and all capacities to execute (either in writing or electronically) on behalf of the Company or its separate accounts relating to annuity contracts and life insurance policies registered under the Securities Act of 1933 and/or the Investment Company Act of 1940, the "Registration Statements," as defined below, and any and all amendments thereto, together with all exhibits, instruments, and other documents necessary or appropriate in connection therewith, and to file the same with the Securities and Exchange Commission or any other federal or state regulatory authority as may be necessary or desirable, hereby ratifying and confirming all and every act and thing requisite to all intents and purposes that said attorney-in-fact and agent or his or her substitute, may lawfully do or cause to be done by virtue hereof. This Power of Attorney does not revoke any prior power of attorney. This Power of Attorney shall not be revoked by any subsequent power of attorney I may execute, unless such subsequent power of attorney specifically revokes this Power of Attorney or specifically states that the instrument is intended to revoke all prior powers of attorney.

The "Registration Statements" covered by this Power of Attorney are defined to include the registration statements listed below:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Contract Name | &nbsp;&nbsp; Registration<br> Statement<br> Securities Act<br> File Number | &nbsp;&nbsp;Separate Account Name | &nbsp;&nbsp; Separate Account<br> Investment <br> Company Act<br> File Number |
| &nbsp;&nbsp;Executive Benefit VUL I-II | &nbsp;&nbsp;333-70963 | &nbsp;&nbsp;COLI VUL-2 Series Account | &nbsp;&nbsp;811-9201 |
| &nbsp;&nbsp;Schwab OneSource Choice Variable Annuity | &nbsp;&nbsp;333-194043 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Schwab Advisor Choice Variable Annuity | &nbsp;&nbsp;333-194099 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Great-West Smart Track Advisor Variable Annuity | &nbsp;&nbsp;333-212090 | &nbsp;&nbsp;Variable Annuity-2 Series Account | &nbsp;&nbsp;811-5817 |
| &nbsp;&nbsp;Great-West Capital Choice & Great West Capital Choice Select | &nbsp;&nbsp;333-292334 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;Great-West Capital Choice Advisor | &nbsp;&nbsp;333-292336 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |

---

IN WITNESS WHEREOF, I have hereunto set my hand this 20<sup>th</sup> day of March, 2026.

<u>/s/ Edmund Murphy</u>

Edmund Murphy

WITNESS TO ALL SIGNATURES:

<u>/s/ Brandon J. Cage</u>

Brandon J. Cage

Vice President and Managing Counsel

Attorney-in-Fact

Protective Life Insurance Company as Administrator for Empower Annuity Insurance Company of America

**EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA**

**POWER OF ATTORNEY**

KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned officers and Directors of Empower Annuity Insurance Company of America, a Colorado corporation (the "Company'), by his or her execution hereof or upon an identical counterpart hereof, does hereby constitute and appoint Richard J. Bielen, Bradford D. Rodgers, Bradley A. Strickling, Lindsay A. Thorpe, and Brandon J. Cage and each of them (with full power to each of them to act alone), as my true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for me and in my name, place and stead, in any and all capacities to execute (either in writing or electronically) on behalf of the Company or its separate accounts relating to annuity contracts and life insurance policies registered under the Securities Act of 1933 and/or the Investment Company Act of 1940, the "Registration Statements," as defined below, and any and all amendments thereto, together with all exhibits, instruments, and other documents necessary or appropriate in connection therewith, and to file the same with the Securities and Exchange Commission or any other federal or state regulatory authority as may be necessary or desirable, hereby ratifying and confirming all and every act and thing requisite to all intents and purposes that said attorney-in-fact and agent or his or her substitute, may lawfully do or cause to be done by virtue hereof. This Power of Attorney does not revoke any prior power of attorney. This Power of Attorney shall not be revoked by any subsequent power of attorney I may execute, unless such subsequent power of attorney specifically revokes this Power of Attorney or specifically states that the instrument is intended to revoke all prior powers of attorney.

The "Registration Statements" covered by this Power of Attorney are defined to include the registration statements listed below:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Contract Name | &nbsp;&nbsp; Registration<br> Statement <br> Securities Act<br> File Number | &nbsp;&nbsp;Separate Account Name | &nbsp;&nbsp; Separate Account<br> Investment<br> Company Act<br> File Number |
| &nbsp;&nbsp;Executive Benefit VUL I-II | &nbsp;&nbsp;333-70963 | &nbsp;&nbsp;COLI VUL-2 Series Account | &nbsp;&nbsp;811-9201 |
| &nbsp;&nbsp;Schwab OneSource Choice Variable Annuity | &nbsp;&nbsp;333-194043 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Schwab Advisor Choice Variable Annuity | &nbsp;&nbsp;333-194099 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Great-West Smart Track Advisor Variable Annuity | &nbsp;&nbsp;333-212090 | &nbsp;&nbsp;Variable Annuity-2 Series Account | &nbsp;&nbsp;811-5817 |
| &nbsp;&nbsp;Great-West Capital Choice & Great West Capital Choice Select | &nbsp;&nbsp;333-292334 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;Great-West Capital Choice Advisor | &nbsp;&nbsp;333-292336 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |

---

IN WITNESS WHEREOF, I have hereunto set my hand this 20<sup>th</sup> day of March, 2026.

<u>/s/ R. Jeffrey Orr</u>

R. Jeffrey Orr

WITNESS TO ALL SIGNATURES:

<u>/s/ Brandon J. Cage</u>

Brandon J. Cage

Vice President and Managing Counsel

Attorney-in-Fact

Protective Life Insurance Company as Administrator for Empower Annuity Insurance Company of America

**EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA**

**POWER OF ATTORNEY**

KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned officers and Directors of Empower Annuity Insurance Company of America, a Colorado corporation (the "Company'), by his or her execution hereof or upon an identical counterpart hereof, does hereby constitute and appoint Richard J. Bielen, Bradford D. Rodgers, Bradley A. Strickling, Lindsay A. Thorpe, and Brandon J. Cage and each of them (with full power to each of them to act alone), as my true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for me and in my name, place and stead, in any and all capacities to execute (either in writing or electronically) on behalf of the Company or its separate accounts relating to annuity contracts and life insurance policies registered under the Securities Act of 1933 and/or the Investment Company Act of 1940, the "Registration Statements," as defined below, and any and all amendments thereto, together with all exhibits, instruments, and other documents necessary or appropriate in connection therewith, and to file the same with the Securities and Exchange Commission or any other federal or state regulatory authority as may be necessary or desirable, hereby ratifying and confirming all and every act and thing requisite to all intents and purposes that said attorney-in-fact and agent or his or her substitute, may lawfully do or cause to be done by virtue hereof. This Power of Attorney does not revoke any prior power of attorney. This Power of Attorney shall not be revoked by any subsequent power of attorney I may execute, unless such subsequent power of attorney specifically revokes this Power of Attorney or specifically states that the instrument is intended to revoke all prior powers of attorney.

The "Registration Statements" covered by this Power of Attorney are defined to include the registration statements listed below:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Contract Name | &nbsp;&nbsp; Registration<br> Statement<br> Securities Act<br> File Number | &nbsp;&nbsp;Separate Account Name | &nbsp;&nbsp; Separate Account<br> Investment <br> Company Act<br> File Number |
| &nbsp;&nbsp;Executive Benefit VUL I-II | &nbsp;&nbsp;333-70963 | &nbsp;&nbsp;COLI VUL-2 Series Account | &nbsp;&nbsp;811-9201 |
| &nbsp;&nbsp;Schwab OneSource Choice Variable Annuity | &nbsp;&nbsp;333-194043 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Schwab Advisor Choice Variable Annuity | &nbsp;&nbsp;333-194099 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Great-West Smart Track Advisor Variable Annuity | &nbsp;&nbsp;333-212090 | &nbsp;&nbsp;Variable Annuity-2 Series Account | &nbsp;&nbsp;811-5817 |
| &nbsp;&nbsp;Great-West Capital Choice & Great West Capital Choice Select | &nbsp;&nbsp;333-292334 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;Great-West Capital Choice Advisor | &nbsp;&nbsp;333-292336 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |

---

IN WITNESS WHEREOF, I have hereunto set my hand this 20<sup>th</sup> day of March, 2026.

<u>/s/ Robert L. Reynolds</u>

Robert L. Reynolds

WITNESS TO ALL SIGNATURES:

<u>/s/ Brandon J. Cage</u>

Brandon J. Cage

Vice President and Managing Counsel

Attorney-in-Fact

Protective Life Insurance Company as Administrator for Empower Annuity Insurance Company of America

**EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA**

**POWER OF ATTORNEY**

KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned officers and Directors of Empower Annuity Insurance Company of America, a Colorado corporation (the "Company'), by his or her execution hereof or upon an identical counterpart hereof, does hereby constitute and appoint Richard J. Bielen, Bradford D. Rodgers, Bradley A. Strickling, Lindsay A. Thorpe, and Brandon J. Cage and each of them (with full power to each of them to act alone), as my true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for me and in my name, place and stead, in any and all capacities to execute (either in writing or electronically) on behalf of the Company or its separate accounts relating to annuity contracts and life insurance policies registered under the Securities Act of 1933 and/or the Investment Company Act of 1940, the "Registration Statements," as defined below, and any and all amendments thereto, together with all exhibits, instruments, and other documents necessary or appropriate in connection therewith, and to file the same with the Securities and Exchange Commission or any other federal or state regulatory authority as may be necessary or desirable, hereby ratifying and confirming all and every act and thing requisite to all intents and purposes that said attorney-in-fact and agent or his or her substitute, may lawfully do or cause to be done by virtue hereof. This Power of Attorney does not revoke any prior power of attorney. This Power of Attorney shall not be revoked by any subsequent power of attorney I may execute, unless such subsequent power of attorney specifically revokes this Power of Attorney or specifically states that the instrument is intended to revoke all prior powers of attorney.

The "Registration Statements" covered by this Power of Attorney are defined to include the registration statements listed below:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Contract Name | &nbsp;&nbsp; Registration<br> Statement <br> Securities Act<br> File Number | &nbsp;&nbsp;Separate Account Name | &nbsp;&nbsp; Separate Account<br> Investment <br> Company Act<br> File Number |
| &nbsp;&nbsp;Executive Benefit VUL I-II | &nbsp;&nbsp;333-70963 | &nbsp;&nbsp;COLI VUL-2 Series Account | &nbsp;&nbsp;811-9201 |
| &nbsp;&nbsp;Schwab OneSource Choice Variable Annuity | &nbsp;&nbsp;333-194043 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Schwab Advisor Choice Variable Annuity | &nbsp;&nbsp;333-194099 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Great-West Smart Track Advisor Variable Annuity | &nbsp;&nbsp;333-212090 | &nbsp;&nbsp;Variable Annuity-2 Series Account | &nbsp;&nbsp;811-5817 |
| &nbsp;&nbsp;Great-West Capital Choice & Great West Capital Choice Select | &nbsp;&nbsp;333-292334 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;Great-West Capital Choice Advisor | &nbsp;&nbsp;333-292336 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |

---

IN WITNESS WHEREOF, I have hereunto set my hand this 20<sup>th</sup> day of March, 2026.

<u>/s/ T. Timothy Ryan</u>

T. Timothy Ryan

WITNESS TO ALL SIGNATURES:

<u>/s/ Brandon J. Cage</u>

Brandon J. Cage

Vice President and Managing Counsel

Attorney-in-Fact

Protective Life Insurance Company as Administrator for Empower Annuity Insurance Company of America

**EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA**

**POWER OF ATTORNEY**

KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned officers and Directors of Empower Annuity Insurance Company of America, a Colorado corporation (the "Company'), by his or her execution hereof or upon an identical counterpart hereof, does hereby constitute and appoint Richard J. Bielen, Bradford D. Rodgers, Bradley A. Strickling, Lindsay A. Thorpe, and Brandon J. Cage and each of them (with full power to each of them to act alone), as my true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for me and in my name, place and stead, in any and all capacities to execute (either in writing or electronically) on behalf of the Company or its separate accounts relating to annuity contracts and life insurance policies registered under the Securities Act of 1933 and/or the Investment Company Act of 1940, the "Registration Statements," as defined below, and any and all amendments thereto, together with all exhibits, instruments, and other documents necessary or appropriate in connection therewith, and to file the same with the Securities and Exchange Commission or any other federal or state regulatory authority as may be necessary or desirable, hereby ratifying and confirming all and every act and thing requisite to all intents and purposes that said attorney-in-fact and agent or his or her substitute, may lawfully do or cause to be done by virtue hereof. This Power of Attorney does not revoke any prior power of attorney. This Power of Attorney shall not be revoked by any subsequent power of attorney I may execute, unless such subsequent power of attorney specifically revokes this Power of Attorney or specifically states that the instrument is intended to revoke all prior powers of attorney.

The "Registration Statements" covered by this Power of Attorney are defined to include the registration statements listed below:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Contract Name | &nbsp;&nbsp; Registration<br> Statement<br> Securities Act<br> File Number | &nbsp;&nbsp;Separate Account Name | &nbsp;&nbsp; Separate Account<br> Investment <br> Company Act<br> File Number |
| &nbsp;&nbsp;Executive Benefit VUL I-II | &nbsp;&nbsp;333-70963 | &nbsp;&nbsp;COLI VUL-2 Series Account | &nbsp;&nbsp;811-9201 |
| &nbsp;&nbsp;Schwab OneSource Choice Variable Annuity | &nbsp;&nbsp;333-194043 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Schwab Advisor Choice Variable Annuity | &nbsp;&nbsp;333-194099 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Great-West Smart Track Advisor Variable Annuity | &nbsp;&nbsp;333-212090 | &nbsp;&nbsp;Variable Annuity-2 Series Account | &nbsp;&nbsp;811-5817 |
| &nbsp;&nbsp;Great-West Capital Choice & Great West Capital Choice Select | &nbsp;&nbsp;333-292334 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;Great-West Capital Choice Advisor | &nbsp;&nbsp;333-292336 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |

---

IN WITNESS WHEREOF, I have hereunto set my hand this 20<sup>th</sup> day of March, 2026.

<u>/s/ Jerome J. Selitto</u>

Jerome J. Selitto

WITNESS TO ALL SIGNATURES:

<u>/s/ Brandon J. Cage</u>

Brandon J. Cage

Vice President and Managing Counsel

Attorney-in-Fact

Protective Life Insurance Company as Administrator for Empower Annuity Insurance Company of America

**EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA**

**POWER OF ATTORNEY**

KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned officers and Directors of Empower Annuity Insurance Company of America, a Colorado corporation (the "Company'), by his or her execution hereof or upon an identical counterpart hereof, does hereby constitute and appoint Richard J. Bielen, Bradford D. Rodgers, Bradley A. Strickling, Lindsay A. Thorpe, and Brandon J. Cage and each of them (with full power to each of them to act alone), as my true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for me and in my name, place and stead, in any and all capacities to execute (either in writing or electronically) on behalf of the Company or its separate accounts relating to annuity contracts and life insurance policies registered under the Securities Act of 1933 and/or the Investment Company Act of 1940, the "Registration Statements," as defined below, and any and all amendments thereto, together with all exhibits, instruments, and other documents necessary or appropriate in connection therewith, and to file the same with the Securities and Exchange Commission or any other federal or state regulatory authority as may be necessary or desirable, hereby ratifying and confirming all and every act and thing requisite to all intents and purposes that said attorney-in-fact and agent or his or her substitute, may lawfully do or cause to be done by virtue hereof. This Power of Attorney does not revoke any prior power of attorney. This Power of Attorney shall not be revoked by any subsequent power of attorney I may execute, unless such subsequent power of attorney specifically revokes this Power of Attorney or specifically states that the instrument is intended to revoke all prior powers of attorney.

The "Registration Statements" covered by this Power of Attorney are defined to include the registration statements listed below:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Contract Name | &nbsp;&nbsp; Registration<br> Statement <br> Securities Act<br> File Number | &nbsp;&nbsp;Separate Account Name | &nbsp;&nbsp; Separate Account<br> Investment <br> Company Act<br> File Number |
| &nbsp;&nbsp;Executive Benefit VUL I-II | &nbsp;&nbsp;333-70963 | &nbsp;&nbsp;COLI VUL-2 Series Account | &nbsp;&nbsp;811-9201 |
| &nbsp;&nbsp;Schwab OneSource Choice Variable Annuity | &nbsp;&nbsp;333-194043 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Schwab Advisor Choice Variable Annuity | &nbsp;&nbsp;333-194099 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Great-West Smart Track Advisor Variable Annuity | &nbsp;&nbsp;333-212090 | &nbsp;&nbsp;Variable Annuity-2 Series Account | &nbsp;&nbsp;811-5817 |
| &nbsp;&nbsp;Great-West Capital Choice & Great West Capital Choice Select | &nbsp;&nbsp;333-292334 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;Great-West Capital Choice Advisor | &nbsp;&nbsp;333-292336 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |

---

IN WITNESS WHEREOF, I have hereunto set my hand this 20<sup>th</sup> day of March, 2026.

<u>/s/ Dhvani Shah</u>

Dhvani Shah

WITNESS TO ALL SIGNATURES:

<u>/s/ Brandon J. Cage</u>

Brandon J. Cage

Vice President and Managing Counsel

Attorney-in-Fact

Protective Life Insurance Company as Administrator for Empower Annuity Insurance Company of America

**EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA**

**POWER OF ATTORNEY**

KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned officers and Directors of Empower Annuity Insurance Company of America, a Colorado corporation (the "Company'), by his or her execution hereof or upon an identical counterpart hereof, does hereby constitute and appoint Richard J. Bielen, Bradford D. Rodgers, Bradley A. Strickling, Lindsay A. Thorpe, and Brandon J. Cage and each of them (with full power to each of them to act alone), as my true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for me and in my name, place and stead, in any and all capacities to execute (either in writing or electronically) on behalf of the Company or its separate accounts relating to annuity contracts and life insurance policies registered under the Securities Act of 1933 and/or the Investment Company Act of 1940, the "Registration Statements," as defined below, and any and all amendments thereto, together with all exhibits, instruments, and other documents necessary or appropriate in connection therewith, and to file the same with the Securities and Exchange Commission or any other federal or state regulatory authority as may be necessary or desirable, hereby ratifying and confirming all and every act and thing requisite to all intents and purposes that said attorney-in-fact and agent or his or her substitute, may lawfully do or cause to be done by virtue hereof. This Power of Attorney does not revoke any prior power of attorney. This Power of Attorney shall not be revoked by any subsequent power of attorney I may execute, unless such subsequent power of attorney specifically revokes this Power of Attorney or specifically states that the instrument is intended to revoke all prior powers of attorney.

The "Registration Statements" covered by this Power of Attorney are defined to include the registration statements listed below:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Contract Name | &nbsp;&nbsp; Registration<br> Statement <br> Securities Act<br> File Number | &nbsp;&nbsp;Separate Account Name | &nbsp;&nbsp; Separate Account<br> Investment <br> Company Act<br> File Number |
| &nbsp;&nbsp;Executive Benefit VUL I-II | &nbsp;&nbsp;333-70963 | &nbsp;&nbsp;COLI VUL-2 Series Account | &nbsp;&nbsp;811-9201 |
| &nbsp;&nbsp;Schwab OneSource Choice Variable Annuity | &nbsp;&nbsp;333-194043 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Schwab Advisor Choice Variable Annuity | &nbsp;&nbsp;333-194099 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Great-West Smart Track Advisor Variable Annuity | &nbsp;&nbsp;333-212090 | &nbsp;&nbsp;Variable Annuity-2 Series Account | &nbsp;&nbsp;811-5817 |
| &nbsp;&nbsp;Great-West Capital Choice & Great West Capital Choice Select | &nbsp;&nbsp;333-292334 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;Great-West Capital Choice Advisor | &nbsp;&nbsp;333-292336 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |

---

IN WITNESS WHEREOF, I have hereunto set my hand this 20<sup>th</sup> day of March, 2026.

<u>/s/ Brian E. Walsh</u>

Brian E. Walsh

WITNESS TO ALL SIGNATURES:

<u>/s/ Brandon J. Cage</u>

Brandon J. Cage

Vice President and Managing Counsel

Attorney-in-Fact

Protective Life Insurance Company as Administrator for Empower Annuity Insurance Company of America

**EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA**

**POWER OF ATTORNEY**

KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned officers and Directors of Empower Annuity Insurance Company of America, a Colorado corporation (the "Company'), by his or her execution hereof or upon an identical counterpart hereof, does hereby constitute and appoint Richard J. Bielen, Bradford D. Rodgers, Bradley A. Strickling, Lindsay A. Thorpe, and Brandon J. Cage and each of them (with full power to each of them to act alone), as my true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for me and in my name, place and stead, in any and all capacities to execute (either in writing or electronically) on behalf of the Company or its separate accounts relating to annuity contracts and life insurance policies registered under the Securities Act of 1933 and/or the Investment Company Act of 1940, the "Registration Statements," as defined below, and any and all amendments thereto, together with all exhibits, instruments, and other documents necessary or appropriate in connection therewith, and to file the same with the Securities and Exchange Commission or any other federal or state regulatory authority as may be necessary or desirable, hereby ratifying and confirming all and every act and thing requisite to all intents and purposes that said attorney-in-fact and agent or his or her substitute, may lawfully do or cause to be done by virtue hereof. This Power of Attorney does not revoke any prior power of attorney. This Power of Attorney shall not be revoked by any subsequent power of attorney I may execute, unless such subsequent power of attorney specifically revokes this Power of Attorney or specifically states that the instrument is intended to revoke all prior powers of attorney.

The "Registration Statements" covered by this Power of Attorney are defined to include the registration statements listed below:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Contract Name | &nbsp;&nbsp; Registration<br> Statement <br> Securities Act<br> File Number | &nbsp;&nbsp;Separate Account Name | &nbsp;&nbsp; Separate Account<br> Investment <br> Company Act<br> File Number |
| &nbsp;&nbsp;Executive Benefit VUL I-II | &nbsp;&nbsp;333-70963 | &nbsp;&nbsp;COLI VUL-2 Series Account | &nbsp;&nbsp;811-9201 |
| &nbsp;&nbsp;Schwab OneSource Choice Variable Annuity | &nbsp;&nbsp;333-194043 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Schwab Advisor Choice Variable Annuity | &nbsp;&nbsp;333-194099 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Great-West Smart Track Advisor Variable Annuity | &nbsp;&nbsp;333-212090 | &nbsp;&nbsp;Variable Annuity-2 Series Account | &nbsp;&nbsp;811-5817 |
| &nbsp;&nbsp;Great-West Capital Choice & Great West Capital Choice Select | &nbsp;&nbsp;333-292334 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;Great-West Capital Choice Advisor | &nbsp;&nbsp;333-292336 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |

---

IN WITNESS WHEREOF, I have hereunto set my hand this 20<sup>th</sup> day of March, 2026.

<u>/s/ Christine Moritz</u>

Christine Moritz

WITNESS TO ALL SIGNATURES:

<u>/s/ Brandon J. Cage</u>

Brandon J. Cage

Vice President and Managing Counsel

Attorney-in-Fact

Protective Life Insurance Company as Administrator for Empower Annuity Insurance Company of America

**EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA**

**POWER OF ATTORNEY**

KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned officers and Directors of Empower Annuity Insurance Company of America, a Colorado corporation (the "Company'), by his or her execution hereof or upon an identical counterpart hereof, does hereby constitute and appoint Richard J. Bielen, Bradford D. Rodgers, Bradley A. Strickling, Lindsay A. Thorpe, and Brandon J. Cage and each of them (with full power to each of them to act alone), as my true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for me and in my name, place and stead, in any and all capacities to execute (either in writing or electronically) on behalf of the Company or its separate accounts relating to annuity contracts and life insurance policies registered under the Securities Act of 1933 and/or the Investment Company Act of 1940, the "Registration Statements," as defined below, and any and all amendments thereto, together with all exhibits, instruments, and other documents necessary or appropriate in connection therewith, and to file the same with the Securities and Exchange Commission or any other federal or state regulatory authority as may be necessary or desirable, hereby ratifying and confirming all and every act and thing requisite to all intents and purposes that said attorney-in-fact and agent or his or her substitute, may lawfully do or cause to be done by virtue hereof. This Power of Attorney does not revoke any prior power of attorney. This Power of Attorney shall not be revoked by any subsequent power of attorney I may execute, unless such subsequent power of attorney specifically revokes this Power of Attorney or specifically states that the instrument is intended to revoke all prior powers of attorney.

The "Registration Statements" covered by this Power of Attorney are defined to include the registration statements listed below:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Contract Name | &nbsp;&nbsp; Registration<br> Statement <br> Securities Act<br> File Number | &nbsp;&nbsp;Separate Account Name | &nbsp;&nbsp; Separate Account<br> Investment<br> Company Act<br> File Number |
| &nbsp;&nbsp;Executive Benefit VUL I-II | &nbsp;&nbsp;333-70963 | &nbsp;&nbsp;COLI VUL-2 Series Account | &nbsp;&nbsp;811-9201 |
| &nbsp;&nbsp;Schwab OneSource Choice Variable Annuity | &nbsp;&nbsp;333-194043 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Schwab Advisor Choice Variable Annuity | &nbsp;&nbsp;333-194099 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Great-West Smart Track Advisor Variable Annuity | &nbsp;&nbsp;333-212090 | &nbsp;&nbsp;Variable Annuity-2 Series Account | &nbsp;&nbsp;811-5817 |
| &nbsp;&nbsp;Great-West Capital Choice & Great West Capital Choice Select | &nbsp;&nbsp;333-292334 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;Great-West Capital Choice Advisor | &nbsp;&nbsp;333-292336 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |

---

IN WITNESS WHEREOF, I have hereunto set my hand this 20<sup>th</sup> day of March, 2026.

<u>/s/ Jason P. Lawrence</u>

Jason P. Lawrence

WITNESS TO ALL SIGNATURES:

<u>/s/ Brandon J. Cage</u>

Brandon J. Cage

Vice President and Managing Counsel

Attorney-in-Fact

Protective Life Insurance Company as Administrator for Empower Annuity Insurance Company of America

**EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA**

**POWER OF ATTORNEY**

KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned officers and Directors of Empower Annuity Insurance Company of America, a Colorado corporation (the "Company'), by his or her execution hereof or upon an identical counterpart hereof, does hereby constitute and appoint Richard J. Bielen, Bradford D. Rodgers, Bradley A. Strickling, Lindsay A. Thorpe, and Brandon J. Cage and each of them (with full power to each of them to act alone), as my true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for me and in my name, place and stead, in any and all capacities to execute (either in writing or electronically) on behalf of the Company or its separate accounts relating to annuity contracts and life insurance policies registered under the Securities Act of 1933 and/or the Investment Company Act of 1940, the "Registration Statements," as defined below, and any and all amendments thereto, together with all exhibits, instruments, and other documents necessary or appropriate in connection therewith, and to file the same with the Securities and Exchange Commission or any other federal or state regulatory authority as may be necessary or desirable, hereby ratifying and confirming all and every act and thing requisite to all intents and purposes that said attorney-in-fact and agent or his or her substitute, may lawfully do or cause to be done by virtue hereof. This Power of Attorney does not revoke any prior power of attorney. This Power of Attorney shall not be revoked by any subsequent power of attorney I may execute, unless such subsequent power of attorney specifically revokes this Power of Attorney or specifically states that the instrument is intended to revoke all prior powers of attorney.

The "Registration Statements" covered by this Power of Attorney are defined to include the registration statements listed below:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Contract Name | &nbsp;&nbsp; Registration<br> Statement <br> Securities Act<br> File Number | &nbsp;&nbsp;Separate Account Name | &nbsp;&nbsp; Separate Account<br> Investment<br> Company Act<br> File Number |
| &nbsp;&nbsp;Executive Benefit VUL I-II | &nbsp;&nbsp;333-70963 | &nbsp;&nbsp;COLI VUL-2 Series Account | &nbsp;&nbsp;811-9201 |
| &nbsp;&nbsp;Schwab OneSource Choice Variable Annuity | &nbsp;&nbsp;333-194043 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Schwab Advisor Choice Variable Annuity | &nbsp;&nbsp;333-194099 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Great-West Smart Track Advisor Variable Annuity | &nbsp;&nbsp;333-212090 | &nbsp;&nbsp;Variable Annuity-2 Series Account | &nbsp;&nbsp;811-5817 |
| &nbsp;&nbsp;Great-West Capital Choice & Great West Capital Choice Select | &nbsp;&nbsp;333-292334 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;Great-West Capital Choice Advisor | &nbsp;&nbsp;333-292336 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |

---

IN WITNESS WHEREOF, I have hereunto set my hand this 20<sup>th</sup> day of March, 2026.

<u>/s/ James P. O'Sullivan</u>

James P. O'Sullivan

WITNESS TO ALL SIGNATURES:

<u>/s/ Brandon J. Cage</u>

Brandon J. Cage

Vice President and Managing Counsel

Attorney-in-Fact

Protective Life Insurance Company as Administrator for Empower Annuity Insurance Company of America

**EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA**

**POWER OF ATTORNEY**

KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned officers and Directors of Empower Annuity Insurance Company of America, a Colorado corporation (the "Company'), by his or her execution hereof or upon an identical counterpart hereof, does hereby constitute and appoint Richard J. Bielen, Bradford D. Rodgers, Bradley A. Strickling, Lindsay A. Thorpe, and Brandon J. Cage and each of them (with full power to each of them to act alone), as my true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for me and in my name, place and stead, in any and all capacities to execute (either in writing or electronically) on behalf of the Company or its separate accounts relating to annuity contracts and life insurance policies registered under the Securities Act of 1933 and/or the Investment Company Act of 1940, the "Registration Statements," as defined below, and any and all amendments thereto, together with all exhibits, instruments, and other documents necessary or appropriate in connection therewith, and to file the same with the Securities and Exchange Commission or any other federal or state regulatory authority as may be necessary or desirable, hereby ratifying and confirming all and every act and thing requisite to all intents and purposes that said attorney-in-fact and agent or his or her substitute, may lawfully do or cause to be done by virtue hereof. This Power of Attorney does not revoke any prior power of attorney. This Power of Attorney shall not be revoked by any subsequent power of attorney I may execute, unless such subsequent power of attorney specifically revokes this Power of Attorney or specifically states that the instrument is intended to revoke all prior powers of attorney.

The "Registration Statements" covered by this Power of Attorney are defined to include the registration statements listed below:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Contract Name | &nbsp;&nbsp; Registration<br> Statement <br> Securities Act<br> File Number | &nbsp;&nbsp;Separate Account Name | &nbsp;&nbsp; Separate Account<br> Investment<br> Company Act<br> File Number |
| &nbsp;&nbsp;Executive Benefit VUL I-II | &nbsp;&nbsp;333-70963 | &nbsp;&nbsp;COLI VUL-2 Series Account | &nbsp;&nbsp;811-9201 |
| &nbsp;&nbsp;Schwab OneSource Choice Variable Annuity | &nbsp;&nbsp;333-194043 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Schwab Advisor Choice Variable Annuity | &nbsp;&nbsp;333-194099 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Great-West Smart Track Advisor Variable Annuity | &nbsp;&nbsp;333-212090 | &nbsp;&nbsp;Variable Annuity-2 Series Account | &nbsp;&nbsp;811-5817 |
| &nbsp;&nbsp;Great-West Capital Choice & Great West Capital Choice Select | &nbsp;&nbsp;333-292334 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;Great-West Capital Choice Advisor | &nbsp;&nbsp;333-292336 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |

---

IN WITNESS WHEREOF, I have hereunto set my hand this 20<sup>th</sup> day of March, 2026.

<u>/s/ David Harney</u>

David Harney

WITNESS TO ALL SIGNATURES:

<u>/s/ Brandon J. Cage</u>

Brandon J. Cage

Vice President and Managing Counsel

Attorney-in-Fact

Protective Life Insurance Company as Administrator for Empower Annuity Insurance Company of America

**EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA**

**POWER OF ATTORNEY**

KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned officers and Directors of Empower Annuity Insurance Company of America, a Colorado corporation (the "Company'), by his or her execution hereof or upon an identical counterpart hereof, does hereby constitute and appoint Richard J. Bielen, Bradford D. Rodgers, Bradley A. Strickling, Lindsay A. Thorpe, and Brandon J. Cage and each of them (with full power to each of them to act alone), as my true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for me and in my name, place and stead, in any and all capacities to execute (either in writing or electronically) on behalf of the Company or its separate accounts relating to annuity contracts and life insurance policies registered under the Securities Act of 1933 and/or the Investment Company Act of 1940, the "Registration Statements," as defined below, and any and all amendments thereto, together with all exhibits, instruments, and other documents necessary or appropriate in connection therewith, and to file the same with the Securities and Exchange Commission or any other federal or state regulatory authority as may be necessary or desirable, hereby ratifying and confirming all and every act and thing requisite to all intents and purposes that said attorney-in-fact and agent or his or her substitute, may lawfully do or cause to be done by virtue hereof. This Power of Attorney does not revoke any prior power of attorney. This Power of Attorney shall not be revoked by any subsequent power of attorney I may execute, unless such subsequent power of attorney specifically revokes this Power of Attorney or specifically states that the instrument is intended to revoke all prior powers of attorney.

The "Registration Statements" covered by this Power of Attorney are defined to include the registration statements listed below:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Contract Name | &nbsp;&nbsp; Registration<br> Statement<br> Securities Act<br> File Number | &nbsp;&nbsp;Separate Account Name | &nbsp;&nbsp; Separate Account<br> Investment<br> Company Act<br> File Number |
| &nbsp;&nbsp;Executive Benefit VUL I-II | &nbsp;&nbsp;333-70963 | &nbsp;&nbsp;COLI VUL-2 Series Account | &nbsp;&nbsp;811-9201 |
| &nbsp;&nbsp;Schwab OneSource Choice Variable Annuity | &nbsp;&nbsp;333-194043 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Schwab Advisor Choice Variable Annuity | &nbsp;&nbsp;333-194099 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Great-West Smart Track Advisor Variable Annuity | &nbsp;&nbsp;333-212090 | &nbsp;&nbsp;Variable Annuity-2 Series Account | &nbsp;&nbsp;811-5817 |
| &nbsp;&nbsp;Great-West Capital Choice & Great West Capital Choice Select | &nbsp;&nbsp;333-292334 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;Great-West Capital Choice Advisor | &nbsp;&nbsp;333-292336 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |

---

IN WITNESS WHEREOF, I have hereunto set my hand this 20<sup>th</sup> day of March, 2026.

<u>/s/ Kara Roe</u>

Kara Roe

WITNESS TO ALL SIGNATURES:

<u>/s/ Brandon J. Cage</u>

Brandon J. Cage

Vice President and Managing Counsel

Attorney-in-Fact

Protective Life Insurance Company as Administrator for Empower Annuity Insurance Company of America

**EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA**

**POWER OF ATTORNEY**

KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned officers and Directors of Empower Annuity Insurance Company of America, a Colorado corporation (the "Company'), by his or her execution hereof or upon an identical counterpart hereof, does hereby constitute and appoint Richard J. Bielen, Bradford D. Rodgers, Bradley A. Strickling, Lindsay A. Thorpe, and Brandon J. Cage and each of them (with full power to each of them to act alone), as my true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for me and in my name, place and stead, in any and all capacities to execute (either in writing or electronically) on behalf of the Company or its separate accounts relating to annuity contracts and life insurance policies registered under the Securities Act of 1933 and/or the Investment Company Act of 1940, the "Registration Statements," as defined below, and any and all amendments thereto, together with all exhibits, instruments, and other documents necessary or appropriate in connection therewith, and to file the same with the Securities and Exchange Commission or any other federal or state regulatory authority as may be necessary or desirable, hereby ratifying and confirming all and every act and thing requisite to all intents and purposes that said attorney-in-fact and agent or his or her substitute, may lawfully do or cause to be done by virtue hereof. This Power of Attorney does not revoke any prior power of attorney. This Power of Attorney shall not be revoked by any subsequent power of attorney I may execute, unless such subsequent power of attorney specifically revokes this Power of Attorney or specifically states that the instrument is intended to revoke all prior powers of attorney.

The "Registration Statements" covered by this Power of Attorney are defined to include the registration statements listed below:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Contract Name | &nbsp;&nbsp; Registration<br> Statement <br> Securities Act<br> File Number | &nbsp;&nbsp;Separate Account Name | &nbsp;&nbsp; Separate Account<br> Investment <br> Company Act<br> File Number |
| &nbsp;&nbsp;Executive Benefit VUL I-II | &nbsp;&nbsp;333-70963 | &nbsp;&nbsp;COLI VUL-2 Series Account | &nbsp;&nbsp;811-9201 |
| &nbsp;&nbsp;Schwab OneSource Choice Variable Annuity | &nbsp;&nbsp;333-194043 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Schwab Advisor Choice Variable Annuity | &nbsp;&nbsp;333-194099 | &nbsp;&nbsp;Variable Annuity-1 Series Account | &nbsp;&nbsp;811-7549 |
| &nbsp;&nbsp;Great-West Smart Track Advisor Variable Annuity | &nbsp;&nbsp;333-212090 | &nbsp;&nbsp;Variable Annuity-2 Series Account | &nbsp;&nbsp;811-5817 |
| &nbsp;&nbsp;Great-West Capital Choice & Great West Capital Choice Select | &nbsp;&nbsp;333-292334 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;Great-West Capital Choice Advisor | &nbsp;&nbsp;333-292336 | &nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;Not Applicable |

---

IN WITNESS WHEREOF, I have hereunto set my hand this 20<sup>th</sup> day of March, 2026.

<u>/s/ Philippe Desmarais</u>

Philippe Desmarais

WITNESS TO ALL SIGNATURES:

<u>/s/ Brandon J. Cage</u>

Brandon J. Cage

Vice President and Managing Counsel

Attorney-in-Fact

Protective Life Insurance Company as Administrator for Empower Annuity Insurance Company of America

## Exhibit 99.29

**Organizational Chart – December 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I. OWNERSHIP OF POWER CORPORATION OF CANADA

*The following sets out the ownership, based on votes attached to the outstanding voting shares, of Power Corporation of Canada:*

The Desmarais Family Residuary Trust

99.999% - Pansolo Holding Inc.

52.511% - **Power Corporation of Canada**

The total voting rights of Power Corporation of Canada (PCC) controlled directly and indirectly by the Desmarais Family Residuary Trust are as follows. There are issued and outstanding as of December 31, 2025, 580,872,092 Subordinate Voting Shares (SVS) of PCC carrying one vote per share and 54,860,866 Participating Preferred Shares (PPS) carrying 10 votes per share; hence the total voting rights are 1,129,480,752.

Pansolo Holding Inc. owns directly and indirectly 45,944,592 SVS and 54,715,456 PPS, entitling Pansolo Holding Inc. to an aggregate percentage of voting rights of 593,099,152 or 52.511% of the total voting rights attached to the shares of PCC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;II. OWNERSHIP BY POWER CORPORATION OF CANADA

*Power Corporation of Canada has a voting interest in the following entities:*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Empower Annuity Insurance Company of America Group of Companies *(U.S. insurance)* 

 

Power Corporation of Canada

100.0% - Power Financial Corporation

&nbsp;&nbsp;&nbsp;&nbsp;65.00% - Great-West Lifeco Inc. (71.14% total equity (directly and indirectly)

100.0% - Great-West Financial (Nova Scotia) Co.

100.0% - Great-West Lifeco U.S. LLC

100.0% - Great-West Services Singapore I Private Limited

100.0% - Great-West Services Singapore II Private Limited

99.0% - Empower Global Business Services India Private Limited (1% owned by Great-West Services Singapore I Private Limited)

1.0% - Empower Global Business Services India Private Limited (99% owned by Great-West Services Singapore II Private Limited)

99.0% - Great-West Lifeco U.S. Holdings, L.P. (1% owned by Great-West Lifeco U.S. Holdings, LLC)

100.0% - Great-West Lifeco U.S. Holdings, LLC

1% - Great-West Lifeco U.S. Holdings, L.P. (99% owned by Great-West Lifeco U.S. LLC)

100.0% - Empower Enterprise Philippines, Inc.

100.0% - EPR, LLC

100.0% - Empower Holdings, LLC

100.0% - **Empower Annuity Insurance Company of America** *(Fed ID # 84-0467907 - NAIC # 68322, CO)*

100.0% - Empower Life & Annuity Insurance Company of New York *(Fed ID # 13-2690792 - NAIC # 79359, NY*)

100.0% - Empower Financial Services, Inc.

100.0% - Great-West Life & Annuity Insurance Company of South Carolina (Fed ID #20-3387742 – NAIC # 12510, SC)

100.0% - Lottery Receivable Company One LLC

100.0% - Empower Stock Plan Services, LLC

100.0% - Empower Insurance Agency, LLC

100.0% - Empower Annuity Insurance Company (Fed ID #06-1050034 – NAIC # 93629, CT)

100.0% - Empower Securities Holdings II, Inc.

99.0% - Comosa Reit, L.P.

100.0% - Comosa GP, LLC

&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;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.0 % - Comosa Reit, L.P.

100.0% - TBG Insurance Services Corporation

100.0% MC Insurance Agency Services, LLC

50.0% - Mullin TBG Insurance Agency Services, LLC (50.0% owned by TBG Insurance Services Corporation)

50.0% - Mullin TBG Insurance Agency Services, LLC (50.0% owned by MC Insurance Agency Services, LLC)

100.0% - Empower Personal Wealth, LLC

99.99% - CL US Property Feeder II LP (0.01% owned by GWLRA GP LLC)

100.0% - Empower Securities Holdings, LLC

100.0% - Empower Services Holdings US, LLC

100.0% - Empower Capital Management, LLC

100.0% - Empower Trust Company, LLC

100.0% - Empower Advisory Group, LLC

100.0% - Empower Retirement, LLC

100.0% - Empower Retirement Puerto Rico, LLC

100.0% - PAFI, LLC

100.0% PAFL, LLC

100.0% - PanAgora Holdings, Inc.

100.0% - PanAgora Asset Management, Inc.

100.0% - PanAgora Asset Management GP, LLC

96.87% PanAgora Healthcare Long-Short Fund, LP

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B.** **The Canada Life Assurance Company Group of Companies** *(Canadian insurance)* 

 

Power Corporation of Canada

100.0% - Power Financial Corporation

&nbsp;&nbsp;&nbsp;&nbsp;65.00% - Great-West Lifeco Inc. (71.14% total equity (directly and indirectly)

14.03% - Sagard Holdings Management Inc. (12.74% equity)

19.80% - Power Sustainable Manager Inc.

100.0% - Power Sustainable Lios Inc.

100.0% - Power Sustainable Manager US, Inc.

100.0% - Power Sustainable Infrastructure Credit, LLC

100.0% - Power Sustainable Energy Infrastructure Inc.

100.0% - Great-West Lifeco LRCN Trust

100.0% - Great-West Lifeco U.S. LLC

100.0% - Great-West Lifeco US Finance 2019 I, LLC

100.0% - Great-West Lifeco US Finance 2019 II, LLC

100.0% - Great-West Lifeco Finance 2019, LLC

100.0% - Great-West Lifeco Finance 2019 II, LLC

100.0% - Empower Finance 2020, LLC

1.0% - Great-West Lifeco Finance 2018, LP (99.0% owned by Great-West Lifeco Inc.)

1.0% - Empower Finance 2020, LP (99.0% owned by Great-West Lifeco Inc.)

99.0% - Great-West Lifeco Finance 2018, LP (1.0% owned by Great-West Lifeco U.S. LLC)

100.0% - Great-West Lifeco Finance 2018, LLC

100.0% - Great-West Lifeco Finance 2018 II, LLC

99.0% - Empower Finance 2020, LP (1.0% owned by Great-West Lifeco U.S. LLC)

100.0% - Empower Finance 2020 A, LLC

100.0% - Empower Finance 2020 B, LLC

100.0% - Empower Finance 2020 C, LLC

99.0% - Great-West Lifeco Finance (Delaware) LP (1.0% owned by 2142540 Ontario Inc.)

&nbsp;&nbsp;&nbsp;&nbsp;40.0% - Great-West Lifeco Finance (Delaware) LLC (60.0% owned by The Canada Life Assurance Company)

100.0% - Great-West Lifeco Finance 2017, LLC

&nbsp;&nbsp;&nbsp;&nbsp;99.0% - Great-West Lifeco U.S. Finance 2019, LP (1% owned by 2142540 Ontario Inc.)

100.0% - Great-West Lifeco U.S. Finance 2019, LLC

100.0% - 2142540 Ontario Inc.

1.0% - Great-West Lifeco Finance (Delaware) LP (99% owned by Great-West Lifeco Inc.)

1.0% - Great-West Lifeco US Finance 2019, LP (99% owned by Great-West Lifeco Inc.)

100.0% - Empower Finance UK 2021 Limited

100.0% - Empower Finance Swiss 2021 GmbH

18.5% - Portag3 Ventures LP

33.3% - Portag3 Ventures II Affiliates LP

33.3% - Portag3 Ventures II LP

33.3% - Portag3 Ventures II International Investments Inc.

100.0% - 14653998 Canada Inc.

100.0% - 6109756 Canada Inc.

100.0% - 6922023 Canada Inc.

&nbsp;&nbsp;&nbsp;&nbsp;20.0% - 11249185 Canada Inc.

&nbsp;&nbsp;&nbsp;&nbsp;20.0% - Armstrong LP (80.0% owned by 11249185 Canada Inc.)

49.9% - Northleaf Capital Group Ltd.

100.0% - Northleaf Capital Partners Ltd.

100.0% - Northleaf PPP GP Ltd.

100.0% - Northleaf Secondary Partners III GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf NCO (US) GP Ltd.

100.0% - Northleaf Capital Partners US GP LLC

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - NICP IV GP Ltd.

100.0% - Northleaf Geothermal Holdings (Canada) GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf Venture Catalyst Fund III GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf Private Credit III GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - NSPC-L Holdings II GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf Private Equity VIII GP Ltd.

100.0% - Northleaf Crescendo Holdings GP LLC

100.0% - Northleaf Small Cell GP Ltd.

100.0% - NCP Terminals GP Ltd.

100.0% - Northleaf NICP III GP LLC

100.0% - Northleaf Music Copyright Ventures GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - NEIF GP Ltd.

100.0% - Northleaf Strategic Capital GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf Global Private Equity GP Ltd.

100.0% - NICP I NWP US GP LLC

100.0% - NCP NWP US GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf NICP III GP Ltd.

100.0% - NCP US Terminals GP LLC

49.0% - NPCO GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf LPF Private Credit Holdings GP Ltd.

49.0% - NPC II Holdings GP Ltd.

100.0% - NCP Canadian Breaks GP LLC

100.0% - Northleaf Vault Holdings GP Ltd.

100.0% - NSPC-L GPC Ltd.

100.0% - NCP CSV Holdings GP Ltd.

100.0% - Northleaf Capital Advisors Ltd.

100.0% - Northleaf Trustees Limited

100.0% - Northleaf PE GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf Growth Fund GP Ltd.

100.0% - Northleaf Capital Partners (Canada) Ltd.

100.0% - Northleaf Class C Sub Holdings Ltd.

100.0% - Northleaf Capital Partners Japan KK

100.0% - Northleaf SH288 GP Ltd.

100.0% - Northleaf Capital Partners (Australia) Pty Ltd.

100.0% - Northleaf Capital Partners (UK) Limited

49.0% - Northleaf NICP II GP Ltd.

100.0% - Northleaf Class C Holdings GP Ltd.

100.0% - Northleaf Capital Partners (USA) Inc.

100.0% - Annex Fund GP Ltd.

100.0% - Northleaf Capital Partners GP Ltd.

100.0% - SW Holdings GP Ltd.

100.0% - NICP IV GP LLC

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf Global Private Equity Holdings GP Ltd.

100.0% - NPC III RN (Canada) GP Ltd.

100.0% - Northleaf NICP III Canadian Class C Holdings Ltd.

100.0% - Northleaf Millennium Holdings (US) GP Ltd.

100.0% - Northleaf Millennium Holdings (Canada) GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf Secondary Partners IV GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf Star Holdings GP Ltd.

100.0% - Northleaf Star GPC Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf Private Credit GP Ltd.

100.0% - NPC GPC Ltd.

100.0% - Northleaf Lal Lal Holdings GP Ltd.

100% - Northleaf Lal Lal Holdings (Australia) Pty Ltd.

100.0% - NPC II GPC Ltd.

100.0% - NSPC GPC Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - NSPC GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - NSPC-L GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - NSPC-L Holdings GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - NPC I Holdings GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf Private Credit II GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf NCO GP Ltd.

100.0% - NSPC International GP Ltd.

100.0% - NSPC-L International GP Ltd.

63.17% - Northleaf Capital Holdings Ltd.

100.0% - Northleaf PE Holdings GP Ltd.

100.0% - Northleaf Capital Partners GP II Ltd.

49.0% - Northleaf NICP II Holdings GP Ltd.

100.0% - **The Canada Life Assurance Company** *(NAIC #80659, MI)*

99.9999% - CLUS CDN-LP (0.0001% owned by 4362014 Nova Scotia Company)

100.0% - Great-West US RE Holdings, Inc.

100.0% - CL Burlingame, LLC

100.0% - CL 25 North LLC

10.0% - 25 North Investors, LLC

100.0% - 25 North Investors SPE1, LLC

100.0% - 25 North Investors SPE3, LLC

100.0% - 25 North Investors SPE4-9, LLC

100.0% - Great-West US RE Acquisition, LLC

100.0% - EW GP Fund I LLC

100.0% - CL EVOX LLC

10.0% - EVOX Holdings LLC

100.0% - EVOX Holdings II LLC

100.0% - EVOX NJ Edison 65 LLC

100.0% - EVOX TRS LLC

100.0% - EVOX TN Smyrna 2699 LLC

100.0% - EVOX TX Sugar Land 12510 LLC

100.0% - EVOX OR Hillsboro 3550 LLC

100.0% - EVOX CA Oceanside 4665 LLC

100.0% - EVOX CA Fremont 43990 LLC

100.0% - EVOX AZ Chandler 800 LLC

100.0% - EVOX AZ Chandler Airpark LLC

100.0% - EVOX CO Centennial LLC

100.0% - EW GP Fund II LLC

100.0% - EW GP Fund I Managing Member LLC

99.99% - CL US Property Feeder I LP (0.01% owned by GWLRA GP LLC)

&nbsp;&nbsp;&nbsp;&nbsp;41.2% - GWL THL Private Equity I Inc. (58.8% owned by The Canada Life Insurance Company of Canada)

100.0% - GWL THL Private Equity II Inc.

&nbsp;&nbsp;&nbsp;&nbsp;23.0% - Great-West Investors Holdco Inc. (77% owned by The Canada Life Assurance Company)

100.0% - Great-West Investors LLC

100.0% - Great-West Investors LP Inc.

99.0% - Great-West Investors LP (1.0% owned by Great-West Investors GP Inc.)

100.0% - T.H. Lee Interests

100.0% - Great-West Investors GP Inc.

1.0% - Great-West Investors LP (99.0% owned by Great-West Investors LP Inc.)

100.0% - T.H. Lee Interests

77.0% - CDN US Direct RE Holdings Ltd. (23% owned by The Canada Life Insurance Company of Canada)

100.0% - Great-West US Direct Residential Holdings Inc.

100.0% - GWL Direct 425 Trade LLC

100.0% - GWL Direct 4471 + 4433 42<sup>nd</sup> LLC

100.0% - GWL Direct 32 Cambridge LLC

100.0% - Great-West US Direct RE Holdings Inc.

100.0% - GWL Direct 650 Almanor LLC

100.0% - GWL Direct 345 Cessna LLC

100.0% - GWL Direct 1925 Grove LLC

100.0% - CL GFP LLC

10.0% - GFP CL Holdings LLC

100.0% - GFP CL Maspeth 55-30, LLC

100.0% - GWL Direct 1 Bulfinch Place LLC

100.0% - Great-West US Direct RE Acquisition LLC

100.0% - GWL Direct 851 SW 34th LLC

100.0% - GWL Direct 12100 Rivera LLC

100.0% - GWL Direct 3209 Lionshead LLC

100.0% - GWL Direct 18701-18901 38th LLC

100.0% - GWL Direct 12900 Airport LLC

100.0% - GWL Direct 25200 Commercentre LLC

100.0% - GWL Direct 351-353 Maple LLC

100.0% - GWL Direct 260 Ace-5725 Amelia LLC

100.0% - GWL Direct 9485 Hwy 42 LLC

100.0% - GWL Direct Moonachie LLC

100.0% - GWL Direct 4785 Fulton LLC

100.0% - GWL Direct 7410 + 7419 Roosevelt LLC

100.0% - GWL Direct 11077 Rush LLC

&nbsp;&nbsp;&nbsp;&nbsp;96.0% - CL ACP Nassau, LLC

100.0% - EW Direct 1Nassau LLC

100.0% - GWL Realty Advisors Inc.

100.0% - RAUS GP Holdings Inc.

100.0% - GWL U.S. Property Fund LP LLC

100.0% - GWLRA GP LLC

100.0% - GWL Plus GP LLC

100.0% - GWL Plus II GP LLC

100.0% - GWL GP LLC

100.0% - GWL REI GP LLC

100.0% - GWL RES GP LLC

&nbsp;&nbsp;&nbsp;&nbsp;0.01% - CL US Property Feeder I LP (99.99% owned by The Canada Life Assurance Company)

&nbsp;&nbsp;&nbsp;&nbsp;0.01% - CL US Property Feeder II LP (99.99% owned by Empower Annuity Insurance Company of America)

100.0% - RA Real Estate Inc.

0.1% - RMA Real Estate LP (99.9% owned by The Canada Life Assurance Company)

100% - RMA Properties Ltd.

100% - RMA Properties (Riverside) Ltd.

100.0% - GWLRA Residential Value Fund I (Employee Feeder) GP Inc.

1.0% - GWLRA Residential Value Fund I (Employee Feeder) LP (99.0% owned by GWL Realty Advisors Inc.)

100.0% - GWLRA Residential Value Fund I GP Inc.

0.001% - GWLRA Residential Value Fund I LP (99.999% owned by GWL Realty Advisors Inc.)

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - 1655 Haro (2024) GP Inc.

.001% - 1655 Haro (2024) LP (99.999% owned by GWLRA Residential Value Fund I GP Inc.)

100.0% - 1655 Haro (2024) Nominee Inc.

99.999% - 1655 Haro (2024) LP (.001% owned by 1655 Haro (2024) GP Inc.)

100.0% - 1655 Haro (2024) Nominee Inc.

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - 2220 Marine (2024) GP Inc.

.001% - 2220 Marine (2024) LP (99.999% owned by GWLRA Residential Value Fund I GP Inc.)

100.0% - 2220 Marine (2024) Nominee Inc.

99.999% - 2220 Marine (2024) LP (.001% owned by 2020 Marine (2024) GP Inc.)

100.0% - 2220 Marine (2024) Nominee Inc.

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - 2160 Lakeshore (2024) GP Inc.

.001% - 2160 Lakeshore (2024) LP (99.999% owned by GWLRA Residential Value Fund I GP Inc.)

100.0% - 2160 Lakeshore (2024) Nominee Inc.

99.999% - 2160 Lake Shore (2024) LP (.001% owned by 2160 Lakeshore (2024) GP Inc.)

100.0% - 2160 Lakeshore (2024) Nominee Inc.

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - GWL Realty Advisors Residential Inc.

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - 2278372 Ontario Inc.

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - 100039744 Ontario Inc.

99.999% - GWLRA Residential Value Fund I LP (.001% owned by GWLRA Residential Value Fund I GP Inc.

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - 1655 Haro (2024) GP Inc.

.001% - 1655 Haro (2024) LP (99.999% owned by GWLRA Residential Value Fund I GP Inc.)

100.0% - 1655 Haro (2024) Nominee Inc.

99.999% - 1655 Haro (2024) LP (.001% owned by 1655 Haro (2024) GP Inc.

100.0% - 1655 Haro (2024) Nominee Inc.

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - 2220 Marine (2024) GP Inc.

.001% - 2220 Marine (2024) LP (99.999% owned by GWLRA Residential Value Fund I GP Inc.)

100.0% 2220 Marine (2024) Nominee Inc.

99.999% - 2220 Marine (2024) LP (.001% owned by 2220 Marine (2024) GP Inc.)

100.0% - 2220 Marine (2024) Nominee Inc.

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - 2160 Lakeshore (2024) GP Inc.

.001% - 2160 Lakeshore (2024) LP (99.999% owned by GWLRA Residential Value Fund I GP Inc.)

100.0% - 2160 Lakeshore (2024) Nominee Inc.

99.999% - 2160 Lakeshore (2024) LP (.001% owned by 2160 Lakeshore (2024) GP Inc.)

100.0% - 2160 Lakeshore (2024) Nominee Inc.

99.999% - GWLRA Residential Value Fund I (Employee Feeder) LP (.001% owned by GWLRA Residential Value Fund I (Employee Feeder) GP Inc.

49.975% - GWLRA Residential Value Fund I Carry LP (.001% owned by GWLRA Residential Value Fund Carry GP Inc. and 49.995% owned by The Canada Life Assurance Company)

&nbsp;&nbsp;&nbsp;&nbsp;80.0% - 1385456 B.C. Ltd. (20% owned by The Canada Life Insurance Company of Canada)

100.0% - 200 Graham Ltd.

100.0% - 801611 Ontario Limited

100.0% - 1213763 Ontario Inc.

99.99% - Riverside II Limited Partnership (0.01% owned by 2024071 Ontario Limited)

100.0% - Kings Cross Shopping Centre Ltd.

100.0% - 681348 Alberta Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;50.0% - 3352200 Canada Inc.

100.0% - 1420731 Ontario Limited

&nbsp;&nbsp;&nbsp;&nbsp;60.0% - Great-West Lifeco Finance (Delaware) LLC (40.0% owned by Great-West Lifeco Finance (Delaware) LP)

100.0% - 1455250 Ontario Limited

100.0% - CGWLL Inc.

100.0% - Canada Life Securities Ltd.

100.0% - ClaimSecure Inc.

100.0% - 14894821 Canada Inc.

100.0% - Value Partners Group Inc.

100.0% - Value Partners Investments Inc.

100.0% - LP Insurance Services and Estate Planning Ltd.

100.0% - LP Financial Planning Services Ltd.

100.0% - 17449313 Canada Inc.

100.0% - Forster Financial Corp.

100.0% - 14888669 Canada Inc.

100.0% - Investment Planning Counsel Inc.

100.0% - IPC Estate Services Inc.

100.0% - IPC Investment Corporation

100.0% - IPC Securities Corporation

100.00% - Canada Life Investment Management, Ltd.

100.0% - Counsel Portfolio Corporation

&nbsp;&nbsp;&nbsp;&nbsp;84.0% - 2148902 Alberta Ltd. (16% owned by The Canada Life Insurance Company of Canada)

&nbsp;&nbsp;&nbsp;&nbsp;70.0% - 2157113 Alberta Ltd. (30% owned by The Canada Life Insurance Company of Canada)

100.0% - The Walmer Road Limited Partnership

100.0% - Laurier House Apartments Limited

100.0% - Marine Promenade Properties Inc.

100.0% - 2024071 Ontario Limited

100.0% - 431687 Ontario Limited

0.01% - Riverside II Limited Partnership (99.99% owned by 1213763 Ontario Inc.)

100.0% - High Park Bayview Inc.

0.001% - High Park Bayview Limited Partnership

99.999% - High Park Bayview Limited Partnership

5.6% - MAM Holdings Inc. (94.4% owned by The Canada Life Insurance Company of Canada)

100.0% - CLUS CDN-GP Co.

0.0001% - CLUS CDN-LP (99.9999% owned by The Canada Life Assurance Company)

100.0% - CLUS III CDN GP Inc.

0.0001% (CLUS III CDN LP (99.9999% owned by The Canada Life Assurance Company)

100.0% - Great-West US RE Holdings III Inc.

100.0% - CLUS CDN Mgmt Holdings Ltd.

100.0% - CLUS Mgmt Holdings Inc.

100.0% - GW Property Services, LLC

100.0% - RMA Realty Holdings Corporation Ltd.

100.0% - 1995709 Alberta Ltd.

2.56% - RMA (U.S.) Realty LLC (97.44% owned by RMA Realty Holdings Corporation Ltd.)

97.44% - RMA (U.S.) Realty LLC (2.56% owned by 1995709 Alberta Ltd.)

100.0% - RMA American Realty Corp.

1% - RMA American Realty Limited Partnership (99% owned by RMA (U.S.) Realty LLC (Delaware))

&nbsp;&nbsp;&nbsp;&nbsp;99.0% - RMA American Realty Limited Partnership (1% owned by RMA American Realty Corp.)

&nbsp;&nbsp;&nbsp;&nbsp;99.9% - RMA Real Estate LP (0.01% owned by RA Real Estate Inc.)

100.0% - RMA Properties Ltd.

100.0% - RMA Properties (Riverside) Ltd.

100.0% - KS Village (Millstream) Inc.

100.0% - Trop Beau Developments Limited

100.0% - GWLRA Residential Value Fund I Carry GP Inc.

.001% - GWLRA Residential Value Fund I Carry LP (49.995% owned by The Canada Life Assurance Company and 49.975% owned by GWL Realty Advisors Inc.)

49.995% - GWLRA Residential Value Fund I Carry LP (.001% owned by GWLRA Residential Value Fund I Carry GP Inc. and 49.975% owned by GWL Realty Advisors Inc.)

100.0% - Kelowna Central Park Properties Ltd.

100.0% - Kelowna Central Park Phase II Properties Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;62.0% - 1296 Station Street Properties Ltd. (38% owned by The Canada Life Insurance Company of Canada)

100.0% - Saskatoon West Shopping Centres Limited

&nbsp;&nbsp;&nbsp;&nbsp;97.31% - 7420928 Manitoba Limited Partnership (0.02% owned by 7419521 and 2.68% owned by The Canada Life Insurance Company of Canada)

100.0% - 7419521 Manitoba Ltd.

0.02% - 7420928 Manitoba Limited Partnership (97.31% owned by The Canada Life Assurance Company and 2.68% owned by The Canada Life Insurance Company of Canada)

100.0% - 7419539 Manitoba Ltd.

100.0% - 1338988 B.C. Ltd.

100.0% - 1319399 Ontario Inc.

100.0% - 13369901 Canada Inc.

100.0% - 4298098 Canada Inc.

100.0% - 389288 B.C. Ltd.

100.0% - Quadrus Investment Services Ltd.

88.0% - Neighborhood Dental Services Ltd.

100.0% - Quadrus Distribution Services Ltd.

100.0% - Toronto College Park Ltd.

100.0% - 185 Enfield GP Inc.

0.01% - 185 Enfield LP (99.99% owned by The Canada Life Assurance Company)

99.99% - 185 Enfield LP (0.01% owned by 185 Enfield GP Inc.)

100.0% - 320 McRae GP Inc.

0.01% - 320 McRae LP (99.99% owned by The Canada Life Assurance Company)

99.99% - 320 McRae LP (0.01% owned by 320 McRae GP Inc.)

100.0% - RA Investment 1 Holdings GP Inc.

0.001% - RA Investment 1 Holdings LP (99.999% owned by The Canada Life Assurance Company)

100.0% - One City Centre Property Inc.

99.999% - RA Investment 1 Holdings LP (0.001% owned by RA Investment 1 Holdings GP Inc.)

100.0% - RA Investment 9 Holdings GP Inc.

0.001% - RA Investment 9 Holdings LP (99.999% owned by The Canada Life Assurance Company)

100.0% - 1542775 Alberta Ltd.

100.0% - 0813212 B.C. Ltd.

99.999% - RA Investment 9 Holdings LP (0.001% owned by RA Investment 9 Holdings GP Inc.)

100.0% - RA Investment 10 Holdings GP Inc.

0.001% - RA Investment 10 Holdings LP (99.999% owned by The Canada Life Assurance Company)

99.999% - RA Investment 10 Holdings LP (0.001% owned by RA Investment 10 Holdings GP Inc.)

100.0% - RA Investment 11 Holdings GP Inc.

0.001% - RA Investment 11 Holdings LP (99.999% owned by The Canada Life Assurance Company)

100.0% - 2020917 Albert Ltd.

99.999% - RA Investment 11 Holdings LP (0.001% owned by RA Investment 11 Holdings GP Inc.)

100.0% - RA Investment 13 Holdings GP Inc.

0.001% - RA Investment 13 Holdings LP (99.999% owned by The Canada Life Assurance Company)

99.999% - RA Investment 13 Holdings LP (0.001% owned by RA Investment 13 Holdings GP Inc.)

100.0% - RA Investment 14 Holdings GP Inc.

0.001% - RA Investment 14 Holdings LP (99.999% owned by The Canada Life Assurance Company)

99.999% - RA Investment 14 Holdings LP (0.001% owned by RA Investment 14 Holdings GP Inc.)

&nbsp;&nbsp;&nbsp;&nbsp;80.0% - RA Investment 2 Holdings GP Inc. (20% owned by The Canada Life Insurance Company of Canada)

0.001% - RA Investment 2 Holdings LP (79.999% owned by The Canada Life Assurance Company and 20% owned by The Canada Life Insurance of Company)

100.0% - 12111 Riverside Way Property Inc.

100.0% - Lions Gate Business Park Property Inc.

79.999% - RA Investment 2 Holdings LP (0.001% owned by RA Investment 2 Holdings GP Inc. and 20.0% owned by the Canada Life Insurance Company of Canada)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80.0% - RA Investment 3 Holdings GP Inc. (20% owned by The Canada Life Insurance Company of Canada)

0.001% - RA Investment 3 Holdings LP (79.999% owned by The Canada Life Assurance Company and 20% owned by The Canada Life Insurance of Company)

79.999% - RA Investment 3 Holdings LP (0.001% owned by RA Investment 3 Holdings GP Inc. and 20.0% owned by the Canada Life Insurance Company of Canada)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85.0% - RA Investment 4 Holdings GP Inc. (15% owned by The Canada Life Insurance Company of Canada)

0.001% - RA Investment 4 Holdings LP (84.999% owned by The Canada Life Assurance Company and 15% owned by The Canada Life Insurance of Company)

84.999% - RA Investment 4 Holdings LP (0.001% owned by RA Investment 4 Holdings GP Inc. and 15.0% owned by the Canada Life Insurance Company of Canada)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87.5% - RA Investment 5 Holdings GP Inc. (12.5% owned by The Canada Life Insurance Company of Canada)

0.001% - RA Investment 5 Holdings LP (87.499% owned by The Canada Life Assurance Company and 12.5% owned by The Canada Life Insurance of Company)

100.0% - 10077 Grace Road Property Inc.

100.0% - 0977221 B.C. Ltd.

100.0% - Vaudreuil Shopping Centres Limited

87.499% - RA Investment 5 Holdings LP (0.001% owned by RA Investment 5 Holdings GP Inc. and 12.5% owned by The Canada Life Insurance Company of Canada)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87.5% - RA Investment 6 Holdings GP Inc. (12.5% owned by The Canada Life Insurance Company of Canada)

0.001% - RA Investment 6 Holdings LP (87.499% owned by The Canada Life Assurance Company and 12.5% owned by The Canada Life Insurance of Company)

87.499% - RA Investment 6 Holdings LP (0.001% owned by RA Investment 6 Holdings GP Inc. and 12.5% owned by the Canada Life Insurance Company of Canada)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87.5% - RA Investment 7 Holdings GP Inc. (12.5% owned by The Canada Life Insurance Company of Canada)

0.001% - RA Investment 7 Holdings LP (87.499% owned by The Canada Life Assurance Company and 12.5% owned by The Canada Life Insurance of Company)

100.0% - 2344701 Ontario Ltd.

100.0% - 2356720 Ontario Ltd.

100.0% - 555 Robson Holding Ltd.

87.499% - RA Investment 7 Holdings LP (0.001% owned by RA Investment 7 Holdings GP Inc. and 12.5% owned by the Canada Life Insurance Company of Canada)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89.5% - RA Investment 8 Holdings GP Inc. (10.5% owned by The Canada Life Insurance Company of Canada)

0.001% - RA Investment 8 Holdings LP (89.499% owned by The Canada Life Assurance Company and 10.5% owned by The Canada Life Insurance of Company)

100.0% - 2331777 Ontario Ltd.

99.499% - RA Investment 8 Holdings LP (0.001% owned by RA Investment 8 Holdings GP Inc. and 10.5% owned by the Canada Life Insurance Company of Canada)

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Financial Horizons Group Inc.

100.0% - Financial Horizons Incorporated

100.0% - Continuum Financial Centres Inc.

100.0% - TORCE Investment Management Inc.

100.0% - Canada Life Capital Corporation, Inc.

100.0% - 11658735 Canada Inc.

100.0% - GLC Reinsurance Corporation

100.0% - Canada Life International Holdings Limited

100.0% - Canada Life UK Holdings Limited

100.0% - Stonehaven UK Limited

100.0% - Canada Life Asset Management Limited

100.0% - Canada Life Platform Limited

100.0% - Canada Life SIPP Trustee Limited

100.0% - Canada Life Platform Nominee Limited

100.0% - Canada Life Annuity Reinsurance (Barbados) Corporation

100.0% - Canada Life International Services Limited

100.0% - Canada Life International Limited

100.0% - CLI Institutional Limited

100.0% - The Canada Life Group (U.K.) Limited

100.0% - ILGWM Limited

100.0% - Harvest Trustee Limited

100.0% - Harvest Financial Services Limited

100.0% - Conexim Advisors Limited

100.0% - Vestone Ltd.

100.0% - Cornmarket Group Financial Services Limited

100.0% - Cornmarket Civil and Public Sector Mastertrust dac

100.0% - Cornmarket Insurance Services Limited

100.0% - EIS Financial Services Limited

100.0% - K.D. Retirement Services Limited

100.0% - APT Workplace Pension Ltd.

100.0% - APT Wealth Management Ltd.

100.0% - APTFS Nominees Ltd.

100.0% - Unio Financial Services Limited

100.0% - ILP Pension Trustees DAC

100.0% - Invesco Trustee AC

100.0% - Acumen & Trust Pension Trustees dac

100.0% - ILP Master Trustee dac

100.0% - Irish Life Trustee Services Limited

100.0% - Navigate Master Trustee dac

100.0% - Canada Life Irish Holding Company Limited

80.0% - Canada Life International Assurance (Ireland) Designated Activity Company (20.0% owned by CL Abbey Limited)

24.625% - Summitas Beteiligungs GmbH (9.85% owned by JDC Group AG)

87.01% - Summitas Holding GMbh

100.0% - Summitas MidCo GMbh

100.0% - Summitas Gruppe GMbh

26.9% - JDC Group AG

25.1% - einfach gut versichert GmbH

9.85% - Summitas Beteiligungs GmbH (24.625% owned by Canada Life Irish Holding Company Limited)

86.17% - Summitas Holding Gmbh

100.0% - Summitas MidCo Gmbh

100.0% - Summitas Gruppe Gmbh

100.0% - BVUK. GmbH

100.0% - Munchener Versicherungsmakler GmbH

100.0% - EASIE Assekuranzmakler – AG

100.0% - Dr. Ihlas GmbH

100.0% - Confera GmbH

100.0% - Summitas Makler GmbH

100.0% - Eichhorn, Waltzock & Partner GmbH

100.0% - Bago GmbH

100.0% - Kamke Versicherungsmakler GmbH

100.0% - VBH Versicherungsmakler für Baugewerbe und Handwerk GmbH

100.0% - IMM Versicherungsmakler für Industrie und Mittelstand GmbH

100.0% - Policenwerk Assekuradeure GmbH & Co. KG

100.0% - Seeliger & Co. GmbH

100.0% - Wolf Assekuranz-Service GmbH

100.0% - DAVID Verwaltung GmbH

100.0% - DAVID Versicherungskontor GmbH & Co. KG

100.0% - Barkmann & Wahler GmbH & Co. KG

100.0% - Hans-Walter Kramer GmbH

100.0% - BWB Versicherungsvermittlungsgesellschaft mbH

100.0% - Assekuranzkontor Friedrich Barkmann GmbH & Co. KG

100.0% - Hoffmann Industrieversicherungsmakler GmbH & Co. KG

100.0% - Sven Hoffmann-Verwaltungs-GmbHjung

100.0% - Jung, DMS & Cie.AG

100.0% - Jung, DMS & Cie.Pro GmbH

&nbsp;&nbsp;&nbsp;&nbsp;60.0% - FMK Compare GmbH

&nbsp;&nbsp;&nbsp;&nbsp;60.0% - HVG Hanse GmbH

100.0% - SF Sicher Finanzieren GmbH

100.0% - Jung, DMS & Cie. Pro Service GmbH

100.0% - DFP Deutsche Finanz Portfolioverwaltung GmbH

100.0% - Plug-Insurance GmbH

100.0% - Fund Development and Advisory AG

100.0% - Morgen & Morgen GmbH

100.0% - Jung, DMS & Cie.Pool GmbH

100.0% - JDC Geld,de GmbH

100.0% - JDC plus GmbH

&nbsp;&nbsp;&nbsp;&nbsp;25.0% - Incore Asset Management Solution

&nbsp;&nbsp;&nbsp;&nbsp;50.0% - Opal Hard– und Software Consultung GmbH

&nbsp;&nbsp;&nbsp;&nbsp;30.0% - Dr. Jung & Partner GmbH

100.0% - FINUM.Finanzhause AG

100.0% - FINUM.Pension Consulting GmbH

100.0% - FINUM.Private Finance AG (Germany)

100.0% - FVV – GmbH

100.0% - JDC Group Austria GmbH

100.0% - FINUM.Private Finance AG (Austria)

100.0% - Jung, DMS & Cie. GmbH

100.0% - Top-Finanziert GmbH

51.0% - I&F Beratungs GmbH

100.0% - Benefit Consulting GmbH

100.0% - CL Abbey Limited

20.0% - Canada Life International Assurance (Ireland) Designated Activity Company (80.0% owned by Canada Life Irish Holding Company Limited)

100.0% - Canada Life Re Ireland dac

100.0% - Canada Life Dublin dac

&nbsp;&nbsp;&nbsp;&nbsp;50.0% - AIBJV Holdings Limited

100.0% - AIBJV dac

100.0% - Canada Life Group Services Limited

100.0% - Canada Life Europe Investment Limited

100.0% - Canada Life Europe Management Services Limited

21.33% - Canada Life Assurance Europe Limited (78.67% owned by Canada Life Europe Investment Limited)

78.67% - Canada Life Assurance Europe Limited (21.33% owned by Canada Life Europe Management Services Limited)

100.0% - Keyridge Asset Management Limited

100.0% - Summit Asset Managers Limited

100.0% - ILIM European Real Estate Fund General Partner SARL

&nbsp;&nbsp;&nbsp;&nbsp;50.0% - TirNua Capital Partners Limited

100.0% - Setanta Asset Management Limited

100.0% - Canada Life Pension Managers & Trustees Limited

100.0% - Canada Life European Real Estate Limited

100.0% - Canada Life Trustee Services (U.K.) Limited

100.0% - CLFIS (U.K.) Limited

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Canada Life UK Staff Pension Trustee Limited

100.0% - Canada Life Limited

&nbsp;&nbsp;&nbsp;&nbsp;14.0% - Harbourside Leisure Management Company Limited

&nbsp;&nbsp;&nbsp;&nbsp;11.0% - St. Paul's Place Management Company Limited

&nbsp;&nbsp;&nbsp;&nbsp;26.0% - ETC Hobley Drive Management Company Limited

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Synergy Sunrise (Wellington Row) Limited

&nbsp;&nbsp;&nbsp;&nbsp;76.0% - Radial Park Management Limited

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Canada Life (U.K.) Limited

100.0% - Canada Life Fund Managers (U.K.) Limited

100.0% - Canada Life Group Services (U.K.) Limited

100.0% - Canada Life Home Finance Trustee Limited

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Canada Life Irish Operations Limited

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Irish Life Group Limited

100.0% - Irish Life Ark Life Dublin dac

100.0% - Irish Life Health dac

100.0% - Irish Life Wellbeing Limited

100.0% - Irish Life Group Services Limited

100.0% - Irish Life Financial Services Limited

37.18% - Multiply.AI

49.0% - Affinity First Limited

100.0% - Irish Life Associate Holdings Unlimited Company

100.0% - Irish Life Assurance plc.

100.0% - Ilona Financial Group, Inc.

100.0% - Stephen Court Limited

100.0% - (2,3&4) Basement Company Limited

66.66% - City Gate Park Administration Limited

50.0% - Dakline Company Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;50.0% - Earlsfort Centre (Atrium) Limited

100.0% - London Life and Casualty Reinsurance Corporation

100.0% - London Life and Casualty (Barbados) Corporation

100.0% - LRG (US), Inc.

100.0% - Canada Life International Reinsurance Corporation Limited

100.0% - Canada Life Reinsurance Company *(Fed ID # 23-2044256 – NAIC # 76694, PA)*

100.0% - Canada Life International Reinsurance (Barbados) Corporation

100.0% - 4073649 Canada, Inc.

100.0% - CL Luxembourg Capital Management S.á.r.l.

100.0% - Canada Life Finance (U.K.) Limited

100.0% - 8478163 Canada Limited

100.0% - Canada Life Capital Bermuda Limited

100.0% - 9983813 Canada Inc.

100.0% - Canada Life Capital Bermuda III Limited

100.0% - Canada Life Capital Bermuda II Limited

&nbsp;&nbsp;&nbsp;&nbsp;77.0% - Great-West Investors Holdco Inc. (23% owned by GWL THL I Private Equity I Inc.)

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Great-West Investors LLC

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Great-West Investors LP Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.0% - Great-West Investors LP (1.0% owned by Great-West Investors GP Inc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100.0% - T.H. Lee Interests

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Great-West Investors GP Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.0% - Great-West Investors LP (99.0% owned by Great-West Investors LP Inc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100.0% - T.H. Lee Interests

100.0% - The Canada Life Insurance Company of Canada

2.68%- 7420928 Manitoba Limited Partnership (97.31% owned by The Canada Life Assurance Company and 0.02% owned by 7419521 Manitoba Ltd.)

100.0% - 6855572 Manitoba Ltd.

100.0% - RA Investment 12 Holdings GP Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.001% - RA Investment 12 Holdings LP (99.999% owned by RA Investment 12 Holdings GP Inc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100.0% - 635 Broughton Street Property Inc.

100.0% - 615 Colborne Street Property Inc.

100.0% - 310 8th Street Property Inc.

99.999% - RA Investment 12 Holdings LP (99.999% owned by The Canada Life Assurance Company)

20.0% - RA Investment 2 Holdings GP Inc. (80% owned by The Canada Life Assurance Company)

0.001% - RA Investment 2 Holdings LP (79.999% owned by The Canada Life Assurance Company and 20% owned by The Canada Life Insurance of Company)

100.0% - 12111 Riverside Way Property Inc.

100.0% - Lions Gate Business Park Property Inc.

20.0% - RA Investment 2 Holdings LP (79.999% owned by The Canada Life Assurance Company and 0.001% owned by RA Investment 2 Holdings GP Inc.)

20.0% - RA Investment 3 Holdings GP Inc. (80% owned by The Canada Life Assurance Company)

0.001% - RA Investment 3 Holdings LP (79.999% owned by The Canada Life Assurance Company and 20% owned by The Canada Life Insurance of Company)

20.0% - RA Investment 3 Holdings LP (79.999% owned by The Canada Life Assurance Company and 0.001% owned by RA Investment 3 Holdings GP Inc.)

15.0% - RA Investment 4 Holdings GP Inc. (85% owned by The Canada Life Assurance Company)

0.001% - RA Investment 4 Holdings LP (84.999% owned by The Canada Life Assurance Company and 15% owned by The Canada Life Insurance of Company)

15.0% - RA Investment 4 Holdings LP (99.999% owned by RA Investment 4 Holdings GP Inc.)

20.0% - 9481 Leslie Street GP Inc. (80% owned by The Canada Life Assurance Company)

0.01% - 9481 Leslie Street Limited Partnership (79.999% owned by The Canada Life Assurance Company and 20% owned by The Canada Life Insurance of Company)

20.0% - 9481 Leslie Street Limited Partnership (99.999% owned by 9481 Leslie Street GP Inc.)

12.5% - RA Investment 5 Holdings GP Inc. (87.5% owned by The Canada Life Assurance Company)

0.001% - RA Investment 5 Holdings LP (87.499% owned by The Canada Life Assurance Company and 12.5% owned by The Canada Life Insurance of Company)

100.0% - 10077 Grace Road Property Inc.

12.5% - RA Investment 5 Holdings LP (87.499% owned by The Canada Life Assurance Company and 0.001% owned by RA Investment 5 Holdings GP Inc.)

12.5% - RA Investment 6 Holdings GP Inc. (87.5% owned by The Canada Life Assurance Company)

0.001% - RA Investment 6 Holdings LP (87.499% owned by The Canada Life Assurance Company and 12.5% owned by The Canada Life Insurance of Company)

12.5% - RA Investment 6 Holdings LP (87.499% owned by The Canada Life Assurance Company and 0.001% owned by RA Investment 6 Holdings GP Inc.)

12.5% - RA Investment 7 Holdings GP Inc. (87.5% owned by The Canada Life Assurance Company)

0.001% - RA Investment 7 Holdings LP (87.499% owned by The Canada Life Assurance Company and 12.5% owned by The Canada Life Insurance of Company)

12.5% - RA Investment 7 Holdings LP (87.499% owned by The Canada Life Assurance Company and 0.001% owned by RA Investment 7 Holdings GP Inc.)

10.5% - RA Investment 8 Holdings GP Inc. (89.5% owned by The Canada Life Assurance Company)

0.001% - RA Investment 8 Holdings LP (89.499% owned by The Canada Life Assurance Company and 10.5% owned by The Canada Life Insurance of Company)

10.5% - RA Investment 8 Holdings LP (89.499% owned by The Canada Life Assurance Company and 0.001% owned by RA Investment 8 Holdings GP Inc.)

20.0% - RA Investment 15 Holdings GP Inc. (80% owned by The Canada Life Assurance Company)

0.001% - RA Investment 15 Holdings LP (79.999% owned by The Canada Life Assurance Company and 20% owned by The Canada Life Insurance of Company)

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - RA Investment 15 Holdings Nominee Inc..

20.0% - RA Investment 15 Holdings LP (79.999% owned by The Canada Life Assurance Company and 0.001% owned by RA Investment 15 Holdings GP Inc.)

100.0% - Advice Canada (CL Holdings) Inc. (formerly 12955954 Canada Inc.)

94.4% - MAM Holdings Inc. (5.6% owned by The Canada Life Assurance Company)

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Mountain Asset Management LLC

38.0% - 1296 Station Street Properties Ltd. (62.0% owned by The Canada Life Assurance Company)

20.0% - 1385456 B.C. Ltd. (80.0% owned by The Canada Life Assurance Company)

58.8% - GWL THL Private Equity I Inc. (41.2% The Canada Life Assurance Company)

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - GWL THL Private Equity II Inc.

&nbsp;&nbsp;&nbsp;&nbsp;23.0% - Great-West Investors Holdco Inc. (77% owned by The Canada Life Assurance Company)

100.0% - Great-West Investors LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Great-West Investors LP Inc.

99.0% - Great-West Investors LP (1.0% owned by Great-West Investors GP Inc.)

100.0% - T.H. Lee Interests

100.0% - Great-West Investors GP Inc.

1.0% - Great-West Investors LP (99.0% owned by Great-West Investors LP Inc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100.0% - T.H. Lee Interests

16.0% - 2148902 Alberta Ltd. (84% by The Canada Life Assurance Company)

30.0% - 2157113 Alberta Ltd (70% by The Canada Life Assurance Company)

23.0% - CDN US Direct RE Holdings Ltd. (77% owned by The Canada Life Assurance Company)

100.0% - Great-West US Direct Residential Holdings Inc.

100.0% - GWL Direct 425 Trade LLC

100.0% - GWL Direct 4471 + 4433 42nd LLC

100.0% - GWL Direct 32 Cambridge LLC

100.0% - GWL Direct 701 Rio Salado LLC

100.0% - GWL Direct 2121 Mid LLC

100.0% - GWL Direct 100 Legacy Oaks LLC

100.0% - Great-West US Direct RE Holdings Inc.

100.0% - GWL Direct 650 Almanor LLC

100.0% - GWL Direct 13055 Mississippi LLC

100.0% - GWL Direct 11 State LLC

100.0% - GWL Direct 345 Cessna LLC

100.0% - GWL Direct 1925 Grove LLC

100.0% - CL GFP LLC

&nbsp;&nbsp;&nbsp;&nbsp;10.0% - GFP CL Holdings LLC

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - GFP CL Maspeth 55-30, LLC

100.0% - GWL Direct 1 Bulfinch Place LLC

100.0% - Great-West US Direct RE Acquisition LLC

100.0% - GWL Direct 851 SW 34th LLC

100.0% - GWL Direct 12100 Rivera LLC

100.0% - GWL Direct 3209 Lionshead LLC

100.0% - GWL Direct 18701-18901 38th LLC

100.0% - GWL Direct 12900 Airport LLC

100.0% - GWL Direct 25200 Commercentre LLC

100.0% - GWL Direct 351-353 Maple LLC

100.0% - GWL Direct 260 Ace-5725 Amelia LLC

100.0% - GWL Direct 9485 Hwy 42 LLC

100.0% - GWL Direct Moonachie LLC

100.0% - GWL Direct 4785 Fulton LLC

100.0% - GWL Direct 7410 + 7419 Roosevelt LLC

100.0% - GWL Direct 11077 Rush LLC

100.0% - GWL Direct 8915 Market Place LLC

96.0% - CL ACP Nassau, LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100.0% - EW Direct 1Nassau LLC

100.0% - CL Capital Management (Canada), Inc.

100.0% - Canada Life Mortgage Services Ltd.

100.0% - Canada Life Capital Trust

100.0% - Mountain Asset Management LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**C.** **IGM Financial Inc. Group of Companies** *(Canadian mutual funds)* 

 

Power Corporation of Canada

100.0% - Power Financial Corporation

62.913% - **IGM Financial Inc.** (direct and indirect 66.826%)

100.0% IGWM Inc.

100.0% - IG Wealth Management Inc.

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - 11249142 Canada Inc.

100.0% - Investors Group Trust Co. Ltd.

100.0% - I.G. Insurance Services Inc.

100.0% - Investors Syndicate Limited

100.0% - 16490336 Canada Inc.

100.0% - I.G. Investment Management, Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Investors Syndicate Property Corp.

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - 0992480 B.C. Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - 1081605 B.C. Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - 1000054111 Ontario Inc.

100.0% - Mackenzie Inc.

100.0% - Mackenzie Financial Corporation

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Mackenzie Investments Europe Limited

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Mackenzie Investments Asia Limited

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Mackenzie Investments Charitable Foundation

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Strategic Charitable Giving Foundation

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - MMLP GP Inc.

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Mackenzie Investments Corporation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27.8% - China Asset Management Co., Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Shanghai China Wealth Management Co., Ltd.

100.0% - China Capital Management Co., Ltd.

100.0% - China Asset Management (Hong Kong) Limited

100.0% - China Equity Fund Management (Beijing) Co., Ltd.

80.0% - 11249185 Canada Inc.

100.0% - Armstrong LP

&nbsp;&nbsp;&nbsp;&nbsp;49.9% - Northleaf Capital Group Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Northleaf Capital Partners Ltd.

100.0% - Northleaf PPP GP Ltd.

100.0% - Northleaf Secondary Partners III GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf NCO (US) GP Ltd.

100.0% - Northleaf Capital Partners US GP LLC

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - NICP IV GP Ltd.

100.0% - Northleaf Geothermal Holdings (Canada) GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf Venture Catalyst Fund III GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf Private Credit III GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - NSPC-L Holdings II GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf Private Equity VIII GP Ltd.

100.0% - Northleaf Crescendo Holdings GP LLC

100.0% - Northleaf Small Cell GP Ltd.

100.0% - NCP Terminals GP Ltd.

100.0% - Northleaf NICP III GP LLC

100.0% - Northleaf Music Copyright Ventures GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - NEIF GP Ltd.

100.0% - Northleaf Strategic Capital GP Ltd.

49.0% - Northleaf Global Private Equity GP Ltd.

100.0% - NICP I NWP US GP LLC

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf NICP III GP Ltd.

100.0% - NCP US Terminals GP LLC

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf LPF Private Credit Holdings GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - NPC II Holdings GP Ltd.

100.0% - NCP Canadian Breaks GP LLC

100.0% - Northleaf Vault Holdings GP Ltd.

100.0% - NCP CSV Holdings GP Ltd.

100.0% - Northleaf Capital Advisors Ltd.

100.0% - Northleaf Trustees Limited

100.0% - Northleaf PE GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf Growth Fund GP Ltd

100.0% - Northleaf NICP IV (EU) GP S. à.rl.

100.0% - Northleaf Capital Partners (Canada) Ltd.

100.0% - (indirectly) Northleaf Class C Sub Holdings Ltd.

100.0% - Northleaf Capital Partners Japan KK

100.0% - Northleaf SH288 GP Ltd.

100.0% - NCP NWP US GP Ltd.

100.0% - Northleaf Capital Partners (Australia) Pty Ltd.

100.0% - Northleaf Capital Partners (UK) Limited

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf NICP II GP Ltd.

100.0% - Northleaf Class C Holdings GP Ltd.

100.0% - Northleaf Capital Partners (USA) Inc.

100.0% - Annex Fund GP Ltd.

100.0% - Northleaf Capital Partners GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - SW Holdings GP Ltd.

100.0% - NICP IV GP LLC

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf Global Private Equity Holdings GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - NPC III RN (Canada) GP Ltd.

100.0% - Northleaf NICP III Canadian Class C Holdings Ltd.

100.0% - NCP Beacon GP Ltd.

100.0% - Northleaf Millennium Holdings (US) GP Ltd.

100.0% - Northleaf Millennium Holdings (Canada) GP Ltd.

49.0% - Northleaf Secondary Partners IV GP Ltd.

100.0% - Northleaf Secondary Partners IV (EU) GP S.à r.l.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - NASF US GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf Star Holdings GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf Multi-Asset Private Markets GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf Private Credit GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf Growth Fund II GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - NASF GP Ltd.

100.0% - Northleaf Lal Lal Holdings GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;100% - Northleaf Lal Lal Holdings (Australia) Pty Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf NCO GP Ltd.

100.0% - NCP ETR Investments GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf Private Equity IX GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - NSPC GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - NSPC (EU) GP S. à.r.l.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - NSDL GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - NSPC-L GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - NSPC-L Holdings GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - NPC I Holdings GP Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf Private Credit II GP Ltd.

63.17% - Northleaf Capital Holdings Ltd.

100.0% - Northleaf Capital Partners GP II Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Northleaf NICP II Holdings GP Ltd.

100.0% - MGELS Investments Limited

100.0% - MEMLS Fund Management (Cayman) Ltd.

100.0% - Mackenzie EM Funds Management (Cayman) Ltd.

100.0% - Mackenzie GP Inc.

100.0% - 2023 Holdco Inc.

&nbsp;&nbsp;&nbsp;&nbsp;17.2% - Rockefeller Capital Management General Partner L.L.C.

100.0% - IGM Financial Corporate Services Inc.

18.54% - Portag3 Ventures LP

&nbsp;&nbsp;&nbsp;&nbsp;19.82% - Springboard LP

55.23% - Springboard LP

&nbsp;&nbsp;&nbsp;&nbsp;52.70% - Wealthsimple Financial Corp. (48.16% equity)

29.33% - Springboard II LP

&nbsp;&nbsp;&nbsp;&nbsp;33.3% - Portag3 Ventures II Affiliates LP

&nbsp;&nbsp;&nbsp;&nbsp;31.97% - Portag3 Ventures II LP

&nbsp;&nbsp;&nbsp;&nbsp;5.95% - Portage Ventures III LP

&nbsp;&nbsp;&nbsp;&nbsp;4.40% - Portage Ventures IV LP

&nbsp;&nbsp;&nbsp;&nbsp;2.21% - Conquest Planning Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.66% - Wealthsimple Financial Corp. (2.29% equity)

&nbsp;&nbsp;&nbsp;&nbsp;9.66% - Nesto

&nbsp;&nbsp;&nbsp;&nbsp;9.68% - PolicyBook

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**D.** **Pargesa SA Group of Companies** *(European investments)* 

 

Power Corporation of Canada

100.0% - Power Financial Corporation

100.0% - Power Financial Europe SA

50.0% - Parjointco SA

100.0% - Pargesa SA

&nbsp;&nbsp;&nbsp;&nbsp;47.8% Groupe Bruxelles Lambert (34.2% in capital)

&nbsp;&nbsp;&nbsp;&nbsp;1.6% - Groupe Bruxelles Lambert (2.3% in capita))

&nbsp;&nbsp;&nbsp;&nbsp;0.9% - Umicore SA

19.8% - Ontex NV

11.4% - Pernod Ricard SA (6.8% in capital)

96.5% - FINPAR II SA

0.2% - Groupe Bruxelles Lambert (0.1% in capital)

0.1% - Ontex NV

90.2% - FINPAR III SA

0.2% - Groupe Bruxelles Lambert (0.1% in capital)

94.4% - FINPAR IV SA

0.2% - Groupe Bruxelles Lambert (0.1% in capital)

94.9% - FINPAR V SRL

0.2% - Groupe Bruxelles Lambert (0.1% in capital)

0.1% - Concentrix

95.0% - FINPAR VI SRL

0.2% - Groupe Bruxelles Lambert (0.1% in capital)

0.1% - Concentrix

98.6% - FINPAR VII SRL

0.7% - Groupe Bruxelles Lambert (0.5% in capital)

4.4% - GfG Topco S.a.r.l.

99.0% - FINPAR VIII SRL

&nbsp;&nbsp;&nbsp;&nbsp;1.3% - Groupe Bruxelles Lambert (0.9% in capital)

3.6% - Sofia Capital S.à r.l.

98.8% - FINPAR IX SRL

1.0% - Groupe Bruxelles Lambert (0.7% in capital)

4.5% - Celeste Capital S.a.r.l

98.1%- FINPAR X SRL

0.7% - Groupe Bruxelles Lambert (0.5% in capital)

0.1% - Imerys

99.0% - FINPAR XI SRL

1.5% - Groupe Bruxelles Lambert (1.1% in capital)

0.1% - SGS

&nbsp;&nbsp;&nbsp;&nbsp;1.2% - Sagerpar SA

100.0% - Brussels Securities SA

98.8% - Sagerpar SA

3.6% - Groupe Bruxelles Lambert (2.6% in capital)

100.0% - Vancouver Capital S.a.r.l

&nbsp;&nbsp;&nbsp;&nbsp;15.1% - Stan Holding SAS

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.5%- Voodoo SAS

100.0% - GBL O SA

22.2% - Trône24 SRL

&nbsp;&nbsp;&nbsp;&nbsp;0.2% - One24 Capital S.C.A

&nbsp;&nbsp;&nbsp;&nbsp;5.7% - Trône 25 SRL

&nbsp;&nbsp;&nbsp;&nbsp;4.8% - One25 Capital S.C.A

100.0% - GBL Advisors Limited

&nbsp;&nbsp;&nbsp;&nbsp;5.4% - FINPAR III SA

100.0% - RPCE Consulting SAS

100.0% - GBL Advisors DE GmbH

100.0% - GBL Verwaltung SA

100.0% - GBL Energy S.á.r.l.

&nbsp;&nbsp;&nbsp;&nbsp;0.9% - Sofia Masterco S.á.r.l.

100.0% - Serena S.á.r.l.

14.2% - SGS

100.0% - GBL Capital UK – Ltd

&nbsp;&nbsp;&nbsp;&nbsp;75.0% - Sienna Private Equity SAS

100.0% - Sienna Private Equity Italy S.R.L

100.0% - Sienna Venture Capital SAS

&nbsp;&nbsp;&nbsp;&nbsp;70.0% - Sienna Venture Capital GP S.à.r.l.

&nbsp;&nbsp;&nbsp;&nbsp;70.0% - Sienna Euclide GP S.a.r.l

&nbsp;&nbsp;&nbsp;&nbsp;70.0% - Sienna Landlife GP S.a.r.l

&nbsp;&nbsp;&nbsp;&nbsp;70.0% - Sienna Private Equity GP S.a.r.l

100.0% - Sienna Investment Managers SAS

66.0% - Sienna Gestion (ex-MHGA)

82.8% - Sienna 2A SAS

100.0% - Sienna AM France (ex-Acofi)

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - NEFTYS

100.0% - VER Capital

100.0% - Sienna Hephaistos Private Investments GP SARL

100.0% - Sienna Global Private Investments GP SARL

14.8% - SPC Partners SAS

&nbsp;&nbsp;&nbsp;&nbsp;8.0% - Sienna 2A SAS

100.0% - Sienna Investment Managers Luxembourg S.A.

100.0% - Sienna Real Estate Solutions S.à.r.l.

&nbsp;&nbsp;&nbsp;&nbsp;85.4% - Sienna Real Estate Partner JV Netherlands BV

100.0% - GBL Capital Invest GP S.à.r.l.

100.0% - GBL Capital Invest SCSp

19.6% - Sagard NewGen 2

74.1% - Sagard Business Intelligence FPCI

5.00% - Sagard Holdings Management Inc

9.6% - Backed 1 Founder LP

58.3% - Backed Encore 1 LP

10.0% - Backed Encore 1 Founder LP

10.0% - Backed 2 Founder LP

94.3% - Marcho Partners Feeder Fund ICAV

0.5% - Marcho Partners Long Feeder Fund ICAV

20.3% - HCM IV, L.P.

17.1% - Innovius Capital Fund I, L.P.

14.2% - 468 Capital II GmbH & Co. KG

100.0% - Sienna Opportunities (formerly Sienna Levier ENR)

10.0% - EC IV Invest SA

49.3% - HCM S3C LP (AKA Commune)

56.3% - HCM S11A, LP (aka Transcarent)

100.0% - Sienna Capital US LLC

&nbsp;&nbsp;&nbsp;&nbsp;14.4% - Cometics company

93.3% - Sienna Venture Capital SCA SICAV-RAIF

53.6% - Sienna Private Equity Fund I SCA SICAV-RAIF

&nbsp;&nbsp;&nbsp;&nbsp;47.6% - Sienna Euclide S.A.

&nbsp;&nbsp;&nbsp;&nbsp;53.0% - Sienna Landlife S.A.

38.8% - VER Capital Special Situations

20.0% - VCCP – SMEs – Private Debt

67.5% - Sienna Private Asset Allocation

12.7% - European CLO new Issue – ADAGIO XII EUR CLO DAC

100.0% - GBL Capital Participations S.á.r.l

&nbsp;&nbsp;&nbsp;&nbsp;15.1% - Merieux Participations SAS

&nbsp;&nbsp;&nbsp;&nbsp;34.3% - Merieux Participations 2 SAS

&nbsp;&nbsp;&nbsp;&nbsp;26.1% - KKR Sigma Co-Invest II L.P.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.6% - StreetTeam Software Limited (DBA as Pollen)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.95% - Sienne Euclide SCA SICAV-RAIF

&nbsp;&nbsp;&nbsp;&nbsp;82.0% - Sienne Landlife SCA SICAV-RAIF

100.0% - GBL Capital Co-Invest Master S.a.r.l

29.2% - StreetTeam Software Limited (DBA as Pollen)

100.0% - GBL Finance S.á.r.l

100.0% - Miles Capital S.á.r.l

&nbsp;&nbsp;&nbsp;&nbsp;23.1% - Piolin II S.á.r.l

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Piolin Bidco SAU

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.5% - Parques Reunidos

100.0% - Theo Capital S.á.r.l

100.0% - Arthur Capital S.a.r.l.

&nbsp;&nbsp;&nbsp;&nbsp;7.1% - Umicore SA

3.5% - FINPAR II SA

4.4% - FINPAR III SA

5.6% - FINPAR IV SA

5.1% - FINPAR V SRL

5.0% - FINPAR VI SRL

1.4% - FINPAR VII SRL

1.0% - FINPAR VIII SRL

1.2% - FINPAR IX SRL

1.9% - FINPAR X SRL

1.0% - FINPAR XI SRL

100.0% - Celeste GP S.à r.l.

100.0% - Sapiens S.á.r.l

&nbsp;&nbsp;&nbsp;&nbsp;14.0% – Concentrix

&nbsp;&nbsp;&nbsp;&nbsp;100.0% Black Mountain S.a.r.l

15.1% - One25 Capital S.C.A.

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - White Mountain S.A.

100.0% - Svea Midco S.à.r.l.

100.0% - Svea Bidco S.à.r.l.

100.0% - Belgian Securities S.à.r.l.

&nbsp;&nbsp;&nbsp;&nbsp;67.9% - Imerys (54.6% in capital)

100.0% - Mircal

100.0% - Imerys Beauvoir

100.0% - Imerys Diatomite St Bauzile & Riom (ex. Chemviron France SAS)

100.0% - Imerys Bentonite Hungary Kft

100.0% - Imerys Tableware France

100.0% - Imerys Tableware Deutschland GmbH

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Imerys Ceramics New Zealand

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Imerys Graphite & Carbon Switzerland SA

100.0% - Imerys Graphite & Carbon Japan K.K.

100.0% - Imerys Graphite & Carbon Korea

100.0% - Imerys Manufacturing Korea Ltd

100.0% - Nippon Power Graphite Co., Ltd

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Imerys Do Brasil Comercio De Extracao De Minerios Ltda

100.0% - Micron-Ita Mineracao Ltda

100.0% - Imerys Ceramics Brasil – Minerais para Ceramicas Ltda

&nbsp;&nbsp;&nbsp;&nbsp;99.0% - Imerys Minerales Chile SpA (1% Imerys Filtrations Minerals, Inc.)

100.0% - Imerys Minerales Peru S.A.C

&nbsp;&nbsp;&nbsp;&nbsp;95.3% - Imerys Minerales Argentina S.A. (4.7% Parimetal)

100.0% - Mircal Italia SpA

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Imerys Minerali Foggia S.R.L (ex:Foggia Perlite S.R.L)

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Imerys Minerali SpA

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Imerys Minerali Corsico Srl

&nbsp;&nbsp;&nbsp;&nbsp;99.7% - Imerys Talc Italy S.p.A.

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Imerys Ceramics Italy S.R.L

100.0% - Imerys Asia Pacific Pte Ltd

100.0% - Imerys General Trading Middle East FZCO

39.0% - Imerys Ceramics (Thailand) Ltd

80.0% - Imerys Minerals (Thailand) Ltd (20% Owned by Imerys Ceramics (India) Private Limited

51.0% - MRD-ECC Co., Ltd (49% Owned by Imerys Asia Pacific Pte Ltd)

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - MRD Co., Ltd

100.0% - Imerys Kiln Furniture (Thailand) Ltd

100.0% - Imerys Mineral Vietnam Ltd

100.0% - Imerys Carbonates (Thailand) Co, Ltd

&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;&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;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66. 7% - YBB Calcium Products Co, Ltd

100.0% - Imerys Fused Minerals (Yingkou) Co, Ltd

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Imerys Zhejiang Zirconia Co., Ltd

100.0% - Imerys Ceramics (India) Private Limited

20.0% -Imerys Minerals (Thailand) Ltd (80% Owned by Imerys Ceramics (Thailand) Ltd

100.0% - Imerys Minerals Malaysia Sdn Bhd

100.0% - Kinta Powdertec Sdn Bhd

55.0% - Yueyang Imerys Antai Minerals Co., Ltd

100.0% - Yueyang Yingyue New Materials Co., Ltd

100.0% - Imerys Carbonates India Limited

100.0% - Imerys Performance and Filtration Minerals Private Limited 74.0% - Imerys Newquest (India) pte Ltd

50.0% - Gimpex-Imerys India Private Ltd

100.0% - Imerys Pacific Ltd

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Imerys Pigments (Qingyang) Co., Ltd

100.0% - Imerys Pigments (WuHu) Co., Ltd

&nbsp;&nbsp;&nbsp;&nbsp;99.99% - Imerys Ceramics France

40.0% - IMAF Industria Macinazione Mineralit per l'l Industria Ceramica S.p.A.

96.6% - Imerys Ceramics Portugal, SA

100.0% - Imerys Minerals GmbH

100.0% - Donbasskeramika

99.45% - Donkaolin (0.55% Owned by Imerys Ceramics France)

93.3% - Imerys Ceramics Egypt (0.56% Owned by Mircal + 0.56% Owned by Parimetal)

99.6% - Imerys Trading Minerals Egypt

100.0% - Imerys Minéraux Belgique SA

50.0% - Industrial Minerals of Greece

100.0% - Latomia N. Korakas SA

100.0% - Mikro Mineral Endustriyel Mineraller Sanavi ve Ticaret AS 50.0% - Vougioukli Quarries AVEE

100.0% - Imerys Minéraux France

100.0% - Imerys PCC France

100.0% - Imerys Minerals International Sales

50.0% - Cebo International B.V

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Cebo UK limited

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Cebo Marine B.V.

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Cebo Holland B.V.

100.0% - Almatech Mineral International ltd

&nbsp;&nbsp;&nbsp;&nbsp;94.7% - PT Imerys Ceramic Indonesia

100.0% - Imerys Industrial Minerals Denmark A/S

68.94% - Imerys South Africa Pty Ltd

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Imerys Refractory Minerals South Africa (Pty) Ltd

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Samrec Pty Ltd

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - ECCA Holdings Pty Ltd

100.0% - Imerys South Europe S.L.

97.0% - Imerys Kiln Furniture Espana, S.A.

100.0% - Imerys Seramik hammddeleri Sanayi ve Ticaret AS

100.0% - Imerys Perlita Barcelona, S.A.

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Imerys Diatomita Alicante, S.A.

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Harbolite Aegean Enudstri Mineralleri Sanayi AS

100.0% - Imerys Talc UK Holding Ltd

99.8% -Imerys Talc Belgium (0.24% Owned by Imerys Talc Luzenac France)

100.0% - Imerys Talc Canada Inc.

100.0% - Imerys Talc Europe

100.0%- Imerys Talc Luzenac France

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Imerys Talc Germany GmbH

&nbsp;&nbsp;&nbsp;&nbsp;90.0% - Imerys Talc Austria GmbH (10% Owned by Imerys Talc Europe)

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Imerys Talc Australia Pty Ltd

10.0% - Imerys Talc Austria Gmbh (90% Owned by Imerys Talc Luzenac France)

50.0% - The Quartz Corp SAS

100.0% - The Quartz Corp USA

100.0% - The Quartz Corp AS

100.0% - Quartz Corp (Shanghai) Co., Ltd

100.0% - Ardoisieres D'Angers

100.0% - Alumica Canada Inc.

100.0% - Imerys Middle East Holding Company W.L.L.

70.0% - Imerys Al Zayani Co., W.L.L.

100.0% - Minven (CE Minerales de Venezuela S.A.)

70.0% - Imerys Mineral Arabia LLC

100.0% - Imerys Japan Co., Ltd

100.0% - Imerys Beyrede

100.0% - Imerys Glomel

100.0% - Imerys Ré

100.0% - Imerys Filtration France

100.0% - Imerys Minerals Korea Ltd

100.0% - Mircal De Mexico, SA de CV

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Liquid Quimica Mexicana, SA de CV

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Imerys Ceramics Mexico, SA de CV

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Imerys Almeria, SA de CV

100.0% - Imerys Almeria Diatomia Concessiones Zacoalco de CV

99.95% - EP Minerals de Mexico, S. de R.L. de C.V.(0.05% Owned by Imerys Almeria, SA de CV)

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Minera Roca Rodando Srl de CV

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Imerys Roca Rodando Concessiones HMO, S.A. de VC

100.0% - Imerys Clerac

89.4% - Imerys Bahacheve (ex.Vatutinsky Kombinat Vognetryviv)

100.0% - Imerys Czech Republic s.r.o

25.0% - SEITIM (ex SEITISS IMERYS MINERAUX CIRCULARIES)

100.0% - Imerys Aluminates Corporate

&nbsp;&nbsp;&nbsp;&nbsp;100.0%- Imerys Aluminates

100.0% - Imerys Sydney Pty Ltd

100.0% - Imerys Richards Bay (Pty) Ltd

100.0% - Imerys (Tianjin) New Material Technology Co., Ltd 90.0% - Imerys (Zhengzhou) New Material Technology Co. Ltd

100.0% - LLC Imerys Aluminates

100.0% - Imerys Vizag Private Limited

100.0% - Kerneos India Aluminate Private Ltd

14.0% - Imerys Domodossola S.p.A (86% Owned by Imerys Villach GmbH)

100.0% - Imerys Services

100.0% - Parimetal

100.0% - Imertech

100.0% - Imerys (Shanghai) Investment Management Co., Ltd

100.0% - Imerys UK Limited

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Imerys Trustees Limited

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Imerys UK Pension Fund Trustees Limited

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Imerys Minerals Limited

&nbsp;&nbsp;&nbsp;&nbsp;75.0% - ReClaym Limited

&nbsp;&nbsp;&nbsp;&nbsp;25.0% - Eco-Bos Development Limited

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Imerys Aluminates Limited

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Imerys UK Finance Limited

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Imerys PCC UK Ltd

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Imerys British Lithium Limited

100.0% - Refractorios Venezolanos

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Plibrico Instalaciones Refractarias

100.0% - Imerys Talc Finland Oy

100.0% - Imerys Minerals Netherlands B.V.

100.0% - Imerys Kiln Furniture Hungary Kft.

100.0% - Imerys Villach GmbH

100.0% - Imerys Ruse d.o.o

100.0% - Imerys Fused Minerals Guizhous Co. Ltd

50.0% - Imerys Fused Minerals France Sarl

86.0% - Imerys Domodossola SpA (14% Owned by Imerys Aluminates)

100.0% - Imerys Fused Minerals Salto Ltda

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100.0% - MSL Minerais S.A.

100.0% - Shandong Imerys Mount Tai Co., Ltd

100.0% - Monrefco GmbH

49.9% - Vermiculita y Derivados, SI

89.6% - Imerys Services Germany GmbH & Co. KG (10.39% Owned by S& B Minerals Participations Sarl)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Imerys Administrative Germany GmbH

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Imerys Laufenburg GmbH

100.0% - Imerys Murg GmbH

100.0% - Imerys Zschornewitz GmbH

100.0% - Imerys Teutschenthal GmbH

100.0% - North African Industrial Mineral Exploration Sarl

100.0% - S&B Industrial Minerals Morocco

99.7% - Imerys Minerals Bulgaria AD

100.0% - Imerys Poland sp. z.o.o

99.0% - Imerys Graphite & Carbon Belgium SA (1.0% Owned by Imerys Graphite & Carbon Switzerland SA)

100.0% - Imerys Belgium SA

100.0% - Imerys Graphite & Carbon Canada Inc.

100.0% - Imerys Canada Inc.

100.0% - Calderys Algerie SPA

100.0% - Imerys Greenelle One

100.0% - Imerys Greenelle Two

100.0% - Imerys Lithium France

100.0% - Imerys USA, Inc.

100.0% - Kentucky-Tennessee Clay Co.

100.0% - Imerys Performance Minerals Americas, Inc.

100.0% - Imerys Niagara Falls, Inc.

100.0% - Imerys Refractory Minerals USA, Inc.

100.0% - Imerys Greeneville, Inc.

100.0% - Imerys Norfolk, Inc.

100.0% - Imerys Mica Kings Mountain, Inc.

100.0% - Imerys Filtration Minerals, Inc.

100.0% - Imerys Perlite USA, Inc.

100.0% - Imerys Minerals Holdings Limited (UK)

100.0% - Imerys Talc America, Inc.

100.0% - Imerys Talc Vermont, Inc.

100.0% - Pyramax Ceramics Southeast, LLC

100.0% - Imerys Wollastonite USA, LLC

100.0% - Imerys Oilfield Minerals, Inc.

25.0% - Georgia Proppants, LLC.

100.0% - Imerys Clays, Inc.

100.0% - Imerys Carbonates USA, Inc.

100.0% - Imerys Graphite & Carbon USA, Inc (ex :Violet Cactus, Inc.)

100.0% - Nyco Minerals LLC

100.0% - S & B Minerals Participations Sarl

100.0% - Linjiang Imerys Diatomite Co., Ltd

100.0% - Imerys Industrial Minerals Greece Single Member S.A.

100.0% - Imerys Services Greece Single Member SA

99.0% - Milos Mineral Museum

44.0% - Milos Initiative

97.7% - Imerys Bentonite Georgia Ltd

61.0% - Imerys Perlite Sardinia Srl

35.0% - Laviosa Chimica Mineraria S.p.A.

26.9% - Laviosa Promasa S.A

100.0% - Laviosa Sanayi ve Ticaret Ltd Sirketi

100.0% - Laviosa India Private Limited

100.0% - Laviosa France

100.0% - Carlo Laviosa Srl

100.0% - Akrotirio Trahilas Dyo Single Member SA

100.0% - Imerys Dortmund GmbH

10.4% - Imerys Services Germany GmbH & Co. KGl (89.61% Owned by Monrefco Gmbh)

99.6% - One24 Capital S.C.A

95.6% - GfG Topco S.á.r.l

&nbsp;&nbsp;&nbsp;&nbsp;90.9% - GfG Capital S.á.r.l

&nbsp;&nbsp;&nbsp;&nbsp;54.6% - Go-For-Gold Holding GmbH

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Canyon Bicycles GmbH

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Canyon Bicycles Belgium BVBA

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Canyon Italia S.r.l

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Canyon Nederland B.V.

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Canyon Bicycles UK Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Canyon Base RCSN, S.L.U.

&nbsp;&nbsp;&nbsp;&nbsp;100.0%- Bikerepair GmbH

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Canyon IP Management AG

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Canyon Iberia S.L.

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Canyon Finland OY

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Canyon Bicycles Asia Pacific PTE LTD

&nbsp;&nbsp;&nbsp;&nbsp;100.0% - Pure Cycling Global GmbH

100.0% - Canyon USA Inc.

100.0% - Canyon Australian and New Zealand PTY Ltd.

100.0% - Canyon Bicycles Japan KK

100.0% - Canyon Bicycles ASIA Ltd.

100.0% - Canyon Cicycles (Shanghai) Co., Ltd.

50.0% - GoForGold Verwaltungs GmbH

46.0% - GoForGold Coinvest CmbH & Co KG

4.43% - GoForGold Holding GmbH

95.5% - Celeste Capital S.á.r..l

100.0% - Celeste InvestCo S.A.

15.8% Celeste ManCo S.C. Sp.

1.0% Celeste TopCo S.A.

99.0% - Celeste TopCo S.A.

100.0% - Celeste Midco 1 B.V.

100.0% - Celeste Midco 2 B.V.

100.0% - Celeste Midco 3 B.V.

100.0% - Celeste Bidco B.V.

100.0% - Affidea BV

100.0% - Affidea Innovation BV

100.0% - Affidea Diagnostics BV

100.0% - Affidea Magyarorszag Kft

100.0% - Affidea Praha sro

100.0% - First Private HC sro

100.0% - Affidea Brno sro

100.0% - Affidea Spzoo

100.0% - Centrum Medyczne Medisport Spzoo

99.9% - Affidea Romania Srl

100.0% - Sanmed Srl

100.0% - Ludi Medical Center Srl

99.9% - Clinica de Diagnostic Phoenix Srl

99.9% - Affidea Cluj Srl

100.0% - Kaliophion Medical Srl

100.0% - Otomed Center Srl

100.0% - CLINICA MULTIMED SRL

100.0% - Phoenix Imagistic Srl

100.0% - Phoenix Radiology Srl

100.0% - Medsan S.R.L.

100.0% - Exploramed S.R.L.

100.0% - Biomed Scan Development S.R.L.

100.0% - Scanconsult S.R.L.

100.0% - Odelga Operator S.R.L.

99.99% - Hiperdia SA

100.0% - CT Clinic Srl

100.0% - Centrul Medical Platinum SRL

100.0% - District One Medical S.R.L.

100.0% - Explora Group Srl

100.0% - Affidea Lietuva UAB

100.0% - Endemik didmena UAB

100.0% - Medicinos Diapazonas UAB

100.0% - Poliklinika Maja I Kresimir Cavka

100.0% - Poliklinika Cavka

100.0% - Dijagnosticki Centar Vita Doo

100.0% - Poliklinika Vita

100.0% - Poliklinika RNOK Dr Kalajzic

100.0% - Polklinika Sveti Rok

100.0% - Polyklinik Eljuga

100.0% - Affidea UK Services Limited

75.0% - Advanced Managed Diagnostic Services Ltd

100.0% - Fortius Group Ltd

100.0% - Fortis London Ltd

100.0% - Orthoderm Ltd

100.0% - Affidea NI Limited

100.0% - Northern MRI Ltd

100.0%- Cromlyn House Surgical Ltd

100.0% - Advanced Radiology Ltd

100.0% - Affidea Diagnostics Ireland Ltd

100.0% - Affidea SA

100% - PathoPoint SA

92.6% - Röontgeninstitut Baden AG

97.0% - Ambulante Gastroenterologie Baden AG

70.0% - Institut fuer histoloische und zystologische Diganostik AG Aarau (10% owned by Other)

50.0% - SBE Holding GmbH

20.0% - Institut fuer histoloische und zystologische Diganostik AG Aarau (10% owned by Others)

100% - Uroviva Holding AG

100.0% - Uroviva AG

100.0% - Praxis Dr. med Peter Scott AG

100% - Uroviva Klinik AG

58.3% - Affidea Holdings Hellas SA (41.7% owned by Affidea BV)

100.0% - Affidea Central PMM SM SA

100.0% - Geniki Apeikonistiki Private Diagnostic Laboratory Medical, S.A.

100.0% - Affidea of Athens PMM SM SA

99.9% - Affidea of Crete PMM SM SA 100.0% - Affidea of Kavala PMM SM SA

100.0% - Affidea of Kozani Heart Center PDLM SM SA

100.0% - Affidea of Peristeri PMM SM SA

100.0% - Affidea of Piraeus Biopathological PDLM SM SA

100.0% - Affidea of Thessaloniki PMM SM SA

100.0% - Affidea PDL & MM SM SA

100.0%- Derma City Med PDLM SM SA

100.0% - Affidea of Chania PMM SM SA

99.5% - Affidea of Kalamata PDLM SA

100.0% - Affidea of Kozani Biopathological PDLM SM SA

100.0% - Affidea of Kozani Imaging PDLM SM SA

100.0% - Affidea of Piraeus Imaging PMM SM SA

100.0% - Affidea of Sparta PMM SM SA

100.0% - Affidea of Vari PMM SM SA

100.0% - Athens City Med PMM SM SA

100.0% - Diagnosis Expert Private Multimodality

100.0% - Diktis Ygeias Patision Private Multimodality SA

100.0% - Affidea Lambraki Glyfadas

100.0% - Marios salmas private diagnostic laboratory single member S.A.

100.0% - Medisalus private multimodality kifisias medical S.A.

96.0% - Cormed SH AS

99.6% - Labomed SH AS

99.99% - Intermed SH SAS

99.9% - Unimed SHT AS

99.95% - Affidea Saglik Hizmetleri ve Ticaret Anonim Sirketi

100.0% - Intermed Anadolu Saglik Hizmelleri Ltd.

100.0% - Affidea Espana Quality S.L.

100.0% - Clinica Medica Comarcal SL

100.0% - Clinica Ambulatori Gamma SL

100.0% - Affidea Espana Contact Center SA

100.0% - CD Foraste SA

100.0% - CD Hospital VOT SLU

24.3% - CD Diagnostico Affidea Madrid SA (75.68% Owned by RM San Francisco SA)

93.6% - RM San Francisco SA

75.7% - CD Diagnostico Affidea Madrid (24.32% Owned by Group Sanitario

100.0% - Dresyven Prevencion, S.L.U

100.0% - Vipresa S.L.U 100.0% - CD Leon SLU

100.0% - CD Valladoid SAU 100.0% - CD Soria SLU

80.0% - CPET Hospital de Jove SL 100.0% - CPET La Milagrosa SLU

100.0% - Affidea CYL, SA

100.0% - Affidea Fuensanta Sl

100.0% - QD Navarra SLU

100.0% - RM Santa Teresa SLU

100.0% - Tesla Imagen Sl

100.0% - Unidades Moviles Affidea, SL

100.0% - Tecma Salud S.L.U

100.0% - Centro Medico Infanta Mercedes Sl

100.0% - Lendyfolk Assistance SL

100.0% - Centro De Imagen Diagnostica LeganesSl

100.0% - Medicentro Boadilla St

100.0% - Medicentro Leganes Sl

100.0% - Affidea Murcia, SL

&nbsp;&nbsp;&nbsp;&nbsp;78.0% - RM Del Sureste SA (22.0% Scaner Murcia Sl)

100.0% - Scaner Murcia Sl

22.0% - RM Del Sureste SA (78% Owned by Affidea Iberia SL)

75.0% - Sanatorio Virgen del Mar Cristobal S.A.

100.0% - Smile Lab2022 Slu

100.0% - Institut Autran Slu

100.0% - Euroclinics Servicos Partihados, A.C.E. (joint venture owned by several Portuguese Affidea entities)

100.0% - Albimed

100.0% - FRR-Serviços Médicos E Equipamentos, LDA

100.0% - CRT-CRT ULda

100.0% - Manuel Estevez & Frazao Lda

100.0% - Ultrasono-Radiologia U Lda

100.0% - CDI-CDI SA

100.0% - Dr M Guimares CRE SA

100.0% - Duarte J&J Lda

100.0% - Imaset Lda

100.0% - Clinica Santa Mafalda Lda.

100.0% - Imavida

100.0% - CEME CERE Lda

100.0% - IMI-IMA SA

100.0% - CEDIMA CIM SA

80.0% - SMDI-SMID SA

100.0% - Clinica do Coracao do Alentejo S.A.

100.0% - R.A.-Radiologia de Albufeira Lda.

74.0% - C.M.R.A. Centro Medico e Radiologico de Albufeira Lda.

26.0% - C.M.R.A. Centro Medico e Radiologico de Albufeira Lda.

100.0% - Ecorad-Ecografia e Radiologia,Lda.

100.0% - Affidea Italy Srl

100.0% - Medishare Telemedicine S.R.L.

100.0% - Affidea Lombardia Srl

95.1% - Istituto Diagnostico Antoniano Spa

100.0% - Delta Medica Srl

100.0% - Affidea Medicenter Group Srl

100.0% - Iniziativa Medica S.R.L

100.0% - Uni-X Medica Srl

4.0% - Modena Medica Srl (96% owned by Iniziativa Medica)

96.0% - Modena Medica Srl (4% owned by Uni-X Medica Srl)

100.0% - CDC SpA

100.0% - CDC Srl

100.0% - Medical Center Srl

100.0% - Medical Sport Center Srl

100.0% - NSL Srl

100.0% - Nefromed S.r.o.

100.0% - Armonia Med SRL

100.0% - Diagnost SRL

100.0% - Isis Medical Center SRL

100.0% - Imaging's Field of View SRL

100.0% - Phoenix Way SRL

100.0% - Phoenix Sighet SRL

100.0% - Phoenix Diagnostics SRL

100.0% - Phoenix Scan and Care SRL

100.0% - Affidea Lab BV

100.0% - Laboratório de Análises Clinicas Fernão Magalhães, Lda

100.0% - Alves & Duarte Lda

100.0% - Hemobiolab LAC Lda

100.0% - Hormofuncional CHF Lda

100.0% - Icon Laboratories SRL

100.0% - Affidea Cancer Treatment Centres BV

100.0% - Affidea Onkoterapia Spzoo

71.0% - European Medical Partner SPzoo

100.0% - Nu-Med Grupa S. A. Centrum Radioterapii I Onkologii

100.0% - Nu-Med Centrum Diagnostyki I Terapii Onkologicznej Katowice Spzoo

100.0% - Specjalistyczny Szpital Onkologiczny NU-MED Sp. z o. o.

100.0% - Fundacja Nu-Med

100.0% - Nu-Med Centrum Diagnostyki i Terapii Onkologicznej Zamość Sp.z o.o.

100.0% Zakład Patomorfologii ALFAMED Sp. z o.o.

100.0% - HQ Nu-Med Warszawa

100% - MedEuropa S.R.L.

100% - MedEuropa Investitii S.R.L.

80.0% - Ygeia medical srl (20% owned by Andreas Vythoulkas)

100.0% - International Medical Centers Banja Luka

73.1% - Affidea Cancer Treatment Centers AG SA

100.0% - PSG Holding AG

100.0% - Plastic Surgery Group

69.0%- Brust Zentrum AG SA (31% owned by Brust Zentrum Holding Holding AG SA)

100.0% - Brust Zentrum Holding AG SA

31.0% Brust Zentrum AG SA (69% owned by Affidea Cancer Treatment Centers AG SA)

100.0% Management Company SA

95.1% - Affidea Brust Zentrum Ticino SA

100.0% - EWRS Tibbi Cihazlar Ticaret Ltd Sti

99.99% - Ultra Goruntuleme Merkezi Anonim Sirketi

100.0% - Affidea Group Kft

100.0% - Affidea Ireland Ltd

100.0% - Affidea Finance Ireland Ltd

100.0% - Affidea US LLC

100.0% - Affy MedTech B.V.

96.4% - Sofia Capital S.à r.l.

99.7% - Sofia InvestCo S.A.

100.0% - Sofia GP GmbH

&nbsp;&nbsp;&nbsp;&nbsp;60.2 % - Sofia MasterCo S.A.(72. 2% in capital)

99.99% - Sofia TopCo S.à r.l.

100.0% - Sofia HoldCo S.à r.l.

100.0% - Sofia MidCo S.à r.l.

100.0% - Sanoptis S.à r.l.

21.2% - Sofia One GmbH & Co. KG

0.5% - Sofia MasterCo S.A.

100.0% - Sanoptis GmbH

100.0% - MASG – Medizinische Abrechnungs – und Servicegesellschaft mbH

100.0% - nordBLICK Augenklinik Bellevue GmbH

90.0% - Wilhelminenhaus Kiel MVZ GmbH

100.0% - nordBLICK MVZ GmbH

70.0% - BEP Augenarzte MVZ GmbH

100.0% - Augenklinik Dr. Hoffman GmbH

100.0% - Augenkompetenz Zentrum Bremerhaven MVZ GmbH

66.6% - Augenkompetenzcentrum Bremerhaven MVZ und MVZ Augen-Centrum Cuxhaven üBAG Gb

70.0% - Augenarzte Braunschweig-Gottingen MVZ GmbH

50.0% - Augenarzte Braunschweig-Gottingen MVZ GmbH Ilka Trinitowski GbR

70.0% - MVZ RHR Augenarzte GmbH

65.0% - MVZ Auregio GmbH

100.0% - Augenärzte Westblick MVZ GmbH (vormals: MVZ i-care4u GmbH)

70.0% - Augenzentrum Unna MVZ GmbH

80.0% - Augentagesklinik Zehlendorf MVZ GmbH

85.0% - Augerlin MVZ GmbH

100.0% - Berolina Augenzentren MVZ GmbH

75.0% - Sudblick GmbH

70.0% - Augenzentrum Muhldorf MVZ GmbH

100.0% - Augenklinik Muldorf GmbH

90.0% - Augenzentrum Oberstenfeld MVZ GmbH

90.0% - Augenblick Mannheim-Zentrum MVZ GmbH

80.0% - Augenheilkunde Medizinische Versorgungszentren Heidenheim GmbH

50.0% - Augenheilkunde Medizinische Versorgungszentren Dillingen GbR

80.0% - Augenheilkunde Medizinische Versorgungszentren Dillingen GmbH

50.0% - Augenheilkunde Medizinische Versorgungszentren Dillingen GbR

80.0% - Mainblick Augenzentrum GmbH

75.0% - Augenblick Augenzentrum Reutlingen MVZ GmbH

100.0% - Augenzentrum an der Leine MVZ GmbH

51.0% - Augencentrum Koln MVZ GmbH

65.0% - Hanseblick MVZ GmbH

100.0% - MVZ Augencentrum Cuxhaven GmbH

33.3% - Augenkompetenzcentrum Bremerhaven MVZ und MVZ Augen-Centrum Cuxhaven uBAG gbR

62.0% - MVZ Weitblick GmbH

100.0% - Augenheilkunde und Augenchirurgie Bottrop MVZ GmbH

60.0% - Augentagesklinik am Rothenbaum RBC MVZ GmbH

80.0% - Avila Augenpraxisklinik MVZ GmbH

70.0% - Augenzentrum Brilon MVZ GmbH

51.0% - OCU PRO® Augenärzte MVZ GmbH

65.0% - Rheinblick Augenzentrum GmbH

95.0% - Argus Augen MVZ GmbH

50.0% - Argus Augenklinik GmbH

100.0% - Oculent Contactlinsen GmbH

51.0% - uBAG Augenzentrum Pforzheim MVZ GmbH

51.0% - Augenzentrum am Numarkt MVZ GmbH

40.0% - Augentagesklinik Luneburger Heide GbR

51.0% - Augenzentrum Luneburg GmbH

60.0%- Augentagesklinik Luneburger Heide GbR

80.0% - Augenzentren Rhein-Ruhr GmbH

51.0% - AUGEN LOHR MVZ GmbH

90.0% - Augenärztliches Operationszentrum Buchen GbR

90.0% - Augenärztliches Operationszentrum Lohr-Miltenberg GbR

100.0% - Sanoptis I Unternehmensverwaltungs GmbH

77.5% - Belenus Augenzentrum MVZ GmbH

80.0% - MVZ Dr. Farghaly & Schumacher GmbH

70.0% - Augenklinik Rendsburg GmbH

100.0% - Taxi and Transport Neuwerk GmbH

50.0% - Praxisgemeinschaft Augenklinik Rendsburg GbR

90.4% - Augenklinik Rendsburg MVZ GmbH

50.0% - Praxisgemeinschaft Augenklinik Rendsburg GbR

55.0% - Sanovation GmbH

14.5% - Sleo Health GmbH

100.0% - Sanoptis AG

85.0% - Opthamed AG

85.0% - Augenzentrum Bahnhof Basel AG

95.0% - Eyeparc AG

100.0% - Dr. J. Menzi Augenarzt AG

100.0% - Augenarztpraxis Spitalgassee Bern AG

80.0% - Berner Augenklinink Group AG

100.0%- Berner Augenklinik AG

60.0% - KammannEye AG

70.0% - Matia AG

70.0% - OP Zentrum Schaffhausen GmbH

51.0% - OpthaVisuell AG

51.0% - Augenarzt Schaffhausen AG

60.0% - Vue Group AG

90.0% - Vue Center Biel AG

90.0% - Vue Center Grenchen AG

80.0% - OMMA Augenklinik AG

80.0% - Augenarztpraxis + Tagesklinik Dr Frei AG

63.4% - Skylight Beteiligungs – AG

100.0% - TAZZ AG

100.0% - Ambulante Augenchirurgie Zürich AG

85.0% - Augencentrum Zytglogge AG

100.0% - Tagesklinik im Eichgut AG

85.0% - Augenzentrum Winterthur AG

100.0% - Augenarztpraxis am Bahnof

88.9% - Clinique ViSionR SA

5.7% - Ikerian AG

100.0% - Sanoptis Holding GmbH

54.9% - Augenzentrum Innsbruck 60 GmbH

75.0% - Augenlaserklinik Gmb

55.0% - Amadeus Augenzentrum GmbH

55.0% - Augenzentrum Mariagrün GmbH

100.0% - Augenzentrum Rheinblick GmbH

100.0% - Augenzentrum Donaublick GmbH

100.0% - Augunzentrum Salzkammergut GmbH

100.0% - Augenzentrum Draublick GmbH

100.0% - Augenzentrum Augenstem GmbH

100.0% - Sanoptis Greece S.A.

80.0% LASERVISION.GR

65.0% - Athens Vision A.E.

60.0% - OFTHALMOCHEIROURGIKI A.E.

90.0% - Eye Treatment Limited Partnership / "Private Clinic - Zafeiriadis Anastasios & Co. Medical L.P."

65.0% - Idiotiki M.H.N. Kentro Orasis Hpeirou A.E. / "Private day clinic Epirus Vision Center SA"

10.0% - Eye Treatment Limited Partnership / "Private Clinic - Zafeiriadis Anastasios & Co. Medical L.P."

100.0% - Sanoptis Italia S.P.A.

65.0% - HICARE SURGERY S.r.l.

75.0% - ALSO S.R.L

60.0% - HEALTH CARE S.r.l

70.0% - Mediprogress S.r.l

70.0% - AN & VI S.R.L

75.0% - Centro Oculistico Ramovecchi S.R.L.

75.0% - Centro Vista S.r.l.

100.0% - Sanoptis Espania SL

78.0% - Vista Sanchez Trancon, S.L.

75.0% - Bilboftal S. L.

80.0% - Assistencia Oftalmologica de Catalunya, S.L.

80.0% - Instituto Oftalmologico Clinsafa, S.L.

80.0% - Instituto Oftalmologico Integral, S.L.

80.0% - CLINICA QUIRURGICA SARRIA S.L. (former: LASER OFTALMICO ADMIRAVISION SL; Laser Oftálmico Corachán S.L.)

78.11% - Centre Ocular Quirúrgic de Terrassa, S.L.P.

**E.** **Power Corporation (International) Limited Group of Companies** (*Asian investments)* 

 

Power Corporation of Canada

100.0% - Power Pacific Corporation Limited

100.0% - Power Pacific Equities Limited

**F.** **Other PCC Companies** 

Power Corporation of Canada

100.0% - 152245 Canada Inc.

100.0% - Square Victoria Digital Properties Inc.

100.0% - Square Victoria Real Estate Inc./ Square Victoria Immobilier Inc.

100.0% - 3121011 Canada Inc.

100.0% - Power Communications Inc.

100.0% - Power Corporation International

100.0% - Power Corporation of Canada Inc.

100.0% - 4524781 Canada Inc.

100.0% - Square Victoria Communications Group Inc.

100.0% - Gesca Ltee

100.0% Gesca Holdings Inc.

100.0% - Gesca Digital Inc.

100.0% - 9214470 Canada Inc.100.0% - Power Sustainable Capital Inc.

100.0% - Power Sustainable China Corporation Ltd.

100.0% - Power Sustainable Investment Management Inc.

100.0% - Power Sustainable Infrastructure UK Credit Manager Ltd.

74.7% - Power Sustainable Manager Inc.

100.0% - 15963044 Canada Inc.

100.0% - Power Sustainable Lios Inc.

100.0% - Power Sustainable Lios GP I Inc.

100.0% - Lios Fund I LP

100.0% - PSL Investments Fund I LP

100.0% - PSL Investments I (US) LP

100.0% - Lios Fund I-A LP

100.0% - Lios Collector A1 GP Inc.

100.0% Lios Collector A1 LP

100.0% - Power Sustainable Lios GP I (US) Inc.

100.0% - Lios Fund I (US) LP

100.0% - Lios PBC Co-Invest Inc.

100.0% - Lios PBC Co-Invest LP

100.0% - Power Sustainable Manager US, Inc.

100.0% - Power Sustainable Infrastructure Credit , LLC

100.0% - Power Sustainable Infrastructure Credit Manager, L.P.

100.0% - PSIC Fund I GP, LLC

100.0% - Power Sustainable Infrastructure Credit Fund I (Onshore) Feeder, LP.

100.0% - Power Sustainable Infrastructure Credit Fund I (Onshore) L.P.

100.0% - PSIC Fund I HC, LP

100.0% - Power Sustainable Infrastructure Credit Fund I (Offshore) L.P.

100.0% - PSIC Offshore Blocker I, L.P.

100.0% - PSIC Non-U.S. Pooling I, L.P.

100.0% - PSIC Non-U.S. CFC Blocker, L.P.

100.0% - PSIC U.S. Blocker I, Inc.

100.0% - PSIC U.S. Pooling I, L.P.

100.0% - PSIC Fund Investors, L.P.

100.0% - Power Sustainable Decarbonization, LLC

100.0% - Power Sustainable Decarbonization Manager, L.P.

100.0% - PSD GP (Canada) Inc.

100.0% - PSD Feeder Fund I (Canada) L.P.

100.0% - Power Sustainable Decarbonization GP, LLC

100.0% - Power Sustainable Decarbonization Investors, L.P.

100.0% - Power Sustainable Decarbonization Fund I, L.P.

100.0% - Power Sustainable Energy Infrastructure Inc.

100.0% - PSEIP US GP Inc.

100.0% - Power Sustainable Energy Infrastructure US Fund I LP

100.0% - Potentia Renewables US Holdings LLC

100.0% - Power Sustainable Energy Infrastructure US Fund II LP

100.0% - Nautilus US Power Holdco, LLC

100.0% - PSEIP US Feeder Fund I LP

100.0% - Power Sustainable Energy Infrastructure Canada I Inc.

100.0% - PSEIP Canada GP Inc.

100.0% - Power Sustainable Energy Infrastructure Canada Fund I LP

100.0% - Potentia Renewables Canada Holdings GP Inc.

100.0% - Potentia Renewables Canada Holdings LP

100.0% - PSEIP Canada Feeder Fund I LP

100.0% - Power Sustainable Energy Infrastructure US I LLC.

100.0% - PESIP Canada Feeder Fund II LP

100.0% Power Sustainable Energy Infrastructure US II LLC

100.0% - PSEIP Carry Canada GP Inc.

100.0% - PSEIP Carry Canada LP

100.0% - PSEIP Carry Holding LP

100.0% - PSEIP Carry Holding US LP

100.0% - PSEIP Carry US Inc.

100.0% - PSEIP Carry US GP Inc.

100.0% - PSEIP Carry US LP

25.0% (voting) - 9314-0093 Québec Inc.

100.0% - Power Energy Corporation

100.0% - Potentia Renewables Inc.

50.0% - Soluciones de Energia Alterna, S.L

100.0% - Potentia Solar Holdings II Limited Partnership

100.0% Potentia Solar Holdings Limited Partnership

100.0% - Schooltop Solar Limited Partnership

100.0% - TSPS (Portfolio 1) Limited Partnership

100.0% - TSPS (Portfolio 2) Limited Partnership

100.0% - PSI Solar Finance 1 Limited Partnership

100.0% - 2323953 Ontario Inc.

100.0% - MOM Guarantor Limited Partnership

100.0% - MOM Solar Limited Partnership

100.0% - PSI Solar Finance 5 Limited Partnership

100.0% - Potentia Solar 5 Limited Partnership

100.0% - Potentia Solar 6 Limited Partnership

100.0% - Potentia Solar 7 Limited Partnership

100.0% - MOM V Limited Partnership

100.0% - OSPS (002281 – 150 Abbeyhill) Limited Partnership

100.0% - OSPS (002273 – 3673 McBean) Limited Partnership

100.0% - OSPS (002334 – 159 Lorry Greenberg) Limited Partnership

100.0% - PSI Solar Finance 14 Limited Partnership

100.0% - Potentia Solar 14 Limited Partnership

100.0% - PSI Construction Agent 4 Limited Partnership

100.0% - PSI Finance 13 Limited Partnership

100.0% - Reliant First Nation GP Inc.

100.0% - Reliant (No. 1) Solar Holdings Inc.

100.0% - Metasolar Consultants Inc.

100.0% - Reliant First Nation Limited Partnership

100.0% - Potentia Energy Limited Partnership

100.0% - PSI Construction Agent 2 Limited Partnership

100.0% - PRI Construction Limited Partnership

100.0% - PRI Consulting Limited Partnership

100.0% - PSI Solar Finance (FIT 4) Limited Partnership

100.0% - Potentia Solar 9 Limited Partnership

100.0% - Potentia Solar 10 Limited Partnership

100.0% - Potentia Solar 11 Limited Partnership

100.0% - Potentia Solar 12 Limited Partnership

100.0% - Potentia Solar Holdings GP Inc.

100.0% - PSI Finance 13 GP Inc.

100.0% - PSI Solar Finance 1 GP Inc.

100.0% - MOM Guarantor GP Inc.

100.0% - MOM Solar GP Inc.

100.0% - PSI Solar Finance 5 GP Inc.

100.0% - Potentia Solar 5 GP Inc.

100.0% - Potentia Solar 6 GP Inc.

100.0% - Potentia Solar 7 GP Inc.

100.0% - MSPC V General Partner Inc.

100.0% - PSI Solar Finance 14 GP Inc.

100.0% - Potentia Solar 14 GP Inc.

100.0% - AS GP Inc.

100.0% - TSPS (Portfolio 1) GP Inc.

100.0% - TSPS (Portfolio 2) GP Inc..

100.0% - PSI Construction Agent 4 GP Inc.

100.0% - PSI Solar Finance (FIT 4) GP Inc.

100.0% - Potentia Solar 9 GP Inc.

100.0% - Potentia Solar 10 GP Inc.

100.0% - Potentia Solar 11 GP Inc.

100.0% - Potentia Solar 12 GP Inc.

100.0% - PRI Construction Agent 2 GP Inc.

100.0% - PRI Consulting GP Inc.

100.0% - PRI Construction GP Inc.

100.0% - Solarize Holdings GP Inc.

100.0% - Solarize Holdings LP

100.0% - Solarize Services GP Inc.

100.0% - Solarize Services LP

100.0% - GS 2013 GP Inc.

100.0% - SE 2011 GP Inc.

100.0% - SE 2011 LP

100.0% - SE 2012 GP Inc.

49.985% - SE 2012 LP

49.985% - SE2 2013 LP

49.99% - SE5 2013 LP

100.0% - QS1 2012 GP Inc.

49.98% - QS1 2012 LP

100.0% - QS4 2012 GP Inc.

49.985% - QS4 2012 LP

100.0% - QS15 2012 GP Inc.

49.985% - QS15 2012 LP

100.0% - SE2 2013 GP Inc.

100.0% - SE5 2013 GP Inc.

39.996% - SE7 2013 LP

100.0% - SE7 2013 GP Inc.

100.0% - SE9 2013 GP Inc.

100.0% - SE9 2013 LP

100.0% - Solarize Financial 2015 GP Inc.

100.0% - Solarize Financial 2015 LP

100.0% - Solexica Energy GP5 Inc.

100.0% - Solexica Energy LP 5

85.0% - Solexica Solar Brampton GP

100.0% - ME3 2012 GP Inc.

49.985% - ME3 2012 LP

100.0% - ME10 2012 GP Inc.

84.98% - ME10 2012 LP

100.0% - ME11 2012 GP Inc.

49.985% - ME11 2012 LP

100.0% - GS 2013 LP

19.26% - Power Sustainable Energy Infrastructure Canada Fund I LP

100.0% - Potentia Renewables Canada Holdings GP Inc.

100.0% - Potentia Renewables Canada Holdings LP

50.0% - 13582175 Canada Inc.

50.0% - Kruger-Energy Saint-Paul Holding L.P.

50.0% - Parc éolien Saint-Paul-de-Montminy Inc.

50.0% - 13582167 Canada Inc.

50.0% - Kruger Energy Les Jardins Holdings L.P.

50.0% - Commandite Kruger Energie Les Jardins Inc.

50.0% - Kruger Energie Les Jardins S.E.C.

100.0% - Skyview BESS Holding GP Inc.

100.0% - Skyview BESS Holding LP

100.0% - PR Ontario BESS GP Inc.

90.0% - Skyview BESS Limited Partnership

100.0% - Skyview BESS Inc

100.0% - Potentia NB GP Inc.

100.0% - Potentia NB LP

100.0% - Pokeshaw Windfam Limited Partnership

100.0% - Stirling Wind Project II Ltd.

100.0% - Stirling Wind Project II LP

100.0% - Red Brick Wind GP Inc.

100.0% - Red Brick Wind Limited Partnership

100.0% - Golden South II GP Inc.

100.0% - Golden South II Limited Partnership

100.0% - PR WS Sponsor GP Inc.

100.0% - PR WS Sponsor LP

100.0% - Stirling Wind Project Ltd

100.0% - Stirling Wind Project LP

74.99%- Stirling Renewable Energy Limited Partnership.

100.0% - PR Jenner Sponsor GP Inc.

100.0% - PR Jenner Sponsor LP

100.0% - Jenner Wind 1 GP Inc.

100.0% - Jenner 1 Limited Partnership

100.0% - Jenner 2 GP Inc.

100.0% - Jenner 2 Limited Partnership

100.0% - Jenner 3 GP Inc.

100.0% - Jenner 3 Limited Parntership

100.0% - Wheatland Wind Project Ltd.

100.0% - Wheatland Wind Project LP

100.0% - Rose Valley Wind Holding GP Inc.

100.0% - Rose Valley Wind Holding LP

100.0% - Rose Valley Wind GP Inc.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Rose Valley Wind LP

100.0% - Rose Valley Wind Inc.

100.0% - Crystal Falls Solar Holding GP Inc.

100.0% - Crystal Falls Solar Holding Limited Partnership

100.0% - Crystal Falls Solar Project GP Inc.

100.0% - Crystal Falls Solar Limited Partnership

100.0% - Crystal Falls Solar Project Inc.

100.0% - Massey Solar Holding GP Inc.

100.0% - Massey Solar Holding Limited Partnership

100.0% - Massey Solar GP Inc.

100.0% - Massey Solar Limited Partnership

100.0% - Massey Solar Inc.

100.0% - Pineview BESS Holding GP Inc.

100.0% Pineview BESS Holding Limited Partnersip

100.0% - Pineview BESS GP Inc.

100.0% - Pineview BESS Limited Partnership

100.0% - Pineview BESS Inc.

100.0% - 2866075 Ontario Inc.

100.0% - Oxley Wind Farm Inc.

100.0% - Ellershouse 3 GP Inc.

100.0% - Ellershouse 3 Wind Limited Partnership

100.0% - Panuke Lake GP Inc.

100.0% - Panuke Lake Wind GP Inc.

100.0% - Golden South Wind GP Inc

100.0% - Golden South Wind LP

100.0% - PR Canada Land Holdings GP Inc.

100.0% - PR Canada Land Holdings Limited Partnership

100.0% - Paintearth Wind Project Ltd.

100.0% - Paintearth Wind Project LP

100.0% - 5979359 Manitoba Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;67.0% - 5956162 Manitoba Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;50.0% - 5529442 Manitoba Ltd.

100.0% - Sequoia Loch Lomond Solar Energy LP

&nbsp;&nbsp;&nbsp;&nbsp;50.0% - Loch Lomond Wind Energy LP

&nbsp;&nbsp;&nbsp;&nbsp;50.0% - Sequoia Renewable Energy System LP

100.0% - Potentia Renewables 15 GP Inc.

100.0% - Potentia Renewables 15 Limited Partnership

100.0% - PRI Wind GP Trust

100.0% - PRI Wind LP

&nbsp;&nbsp;&nbsp;&nbsp;50.0% - Affinity Wind GP Inc.

50.0% - Affinity Wind LP

100.0% - PRI Solar GP Trust

100.0% - PRI RT Solar LP

100.0% - PRI Industrial Solar (GP) Inc.

84.90% - PRI Industrial Solar LP

49.0% - LIFE Solar 1 Inc.

49.0% - LIFE Solar 2 Inc.

49.0% - LIFE Solar 3 Inc.

100.0% - Potentia Renewabes 16 GP Inc.

100.0% - Potentia Renewables 16 Limited Partnership

100.0% - PRI Solar Gardens Nominee Inc.

100.0% - PRI Solar Gardens GP Trust

100.0% - PRI Solar Gardens LP

100.0% - Potentia Renewables 17 GP Inc.

100.0% - 2366333 Ontario Inc.

100.0% - 2330049 Ontario Inc.

100.0% - SunE Newboro 4 GP Corp.

100.0% - SunE Welland Ridge GP Corp.

100.0% - SunE Sky GP Erie Ridge Ltd.

100.0% - Potentia Renewables 17 Limited Partnership

100.0% - SunE Newboro 4 LP

100.0% - SunE Welland Ridge LP

100.0% - SunE Sky Erie Ridge LP

75.0% - Truro Heights Wind LP

16.67% - 3285142 Nova Scotia Limited

67.0% - Truro Heights Wind GP Ltd.

49.0% - Truro-Milbrook Wind LP

25.0% - 3285142 Nova Scotia Limited

67.0% - Truro-Milbrook Wind GP Ltd.

75.0% - Pockwock Wind LP

41.67% - 3285142 Nova Scotia Limited

67.0% - Pockwock Wind GP Ltd.

49.0% - Whynotts Wind LP

16.67% - 3285142 Nova Scotia Limited

67.0% - Whynotts Wind GP Ltd.

100.0% - PR Development GP Inc.

100.0% - PR Development Limited Partnership

100.0% - Creekside BESS Limited Partnership

100.0% - Heartwood BESS Limited Partnership

100.0% - Amprior BESS Limited Partnership

100.0% - Essex Storage GP Inc.

100.0% - Essex Storage Limited Partnership

100.0% - Sa K-ekone Solar GP Inc.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Sa K-ekone Solar Limited Partnership

100.0% - Potentia Renewables Saskatchewan Limited Partnership

100.0% - Potentia Renewables Saskatchewan GP Inc.

100.0% - Southern Springs Solar Holding GP Inc.

100.0% - Southern Springs Solar Holding LP

100.0% - Southern Springs Solar GP Inc.

&nbsp;&nbsp;&nbsp;&nbsp;49.0% - Southern Springs Solar LP

100.0% - Southern Springs Solar Inc.

100.0% - Potentia Renewables 18 GP Inc.

100.0% - Potentia Renewables 18 Limited Partnership

100.0% - BrightRoof IP Ltd.

100.0% - BrightRoof GP Inc.

99.0% - BrightRoof II GP Inc.

100.0% - BrightRoof Solar Limited Partnership

49.895% - Metis Nation of Ontario – BrightRoof Solar Limited Partnership

100.0% - JCM Solar G.P.1 Ltd.

100.0% - Maxim Solar Power Corporation

100.0% - Tenedors GP 1 Ltd.

100.0% - GSC RP 1 LP

100.0% - GSC RP 5 LP

100.0% - GSC 6 LP

100.0% - Potentia Renewables 19 Inc.

100.0% - Potential Renewables 19 Limited Partnership

100.0% - Ernestown Holdings Inc.

100.0% - Ernestown Holdings Limited Partnership

44.99998% - Ernestown Windpark Limited Partnership

100.0% - Ernestown Windpark Inc.

100.0% - Maryvale Wind Inc.

100.0% - Maryvale Wind Limited Partnership

100.0% - Swift River Operations Limited

100.0% - Swift River Energy Limited

50.0001% - Swift River Limited Partnership

100.0% - Potentia Renewables US Holdings Corp. f/k/a Potentia Solar Holdings Corp

15.22% - Power Sustainable Energy Infrastructure US Fund I LP

100.0% - Potentia Renewables US Holdings LLC

100.0% - Musselshell Wind Holdings, LLC

100.0% - Musselshell Wind Project, LLC

100.0% - Musselshell Wind Project Two, LLC

95.0% - Potentia Stargell Holdco LLC

80.0% - Hyperion Holdco II, LLC

100.0% - IEP Tejas Verde, LLC

100.0% - Potentia US Battery Storage Holdings, LLC

100.0% - IEP Tejas Verde, LLC

100.0% - PR Damon, LLC

100.0% - PR Land Holdings, LLC

100.0% - PR Development LLC

100.0% - Banjo Solar Holdings Corp.

51.0% - Kamaole Solar Holdings, LLC

51.0% - Kamaole Solar, LLC

100.0% - PR Operating LLC

100.0% Potentia US Wind Fund 1, LLC

95.00% - BSW US Holdings II, LLC

100.0% Big Sky Wind, LLC

100.0% - BSW DevCo, LLC

100.0% - Potentia US Solar Fund 3, LLC

50.0% - Desert Quartzite, LLC

100.0% - Potentia US Solar Fund 2, LLC

100.0% - CG Solar Blocker I LLC

100.0% - CG Goldeney I, LLC

100.0% - ConnectGen Goldfinger I LLC

50.0% - Goldfinger Ventures LLC

50.0% - 2019 SOL III LLC

50.0% - Windhub Solar A, LLC

50.0% - Sunshine Valley Solar, LLC

100.0% - CG Solar Blocker II LLC

100.0% - CG Goldeney II, LLC

100.0% - ConnectGen Goldfinger II LLC

50.0% - Goldfinger Ventures II, LLC

50.0% – 2019 SOL IV LLC

50.0% - Sun Streams LLC

100.0% - Potentia MN Solar Fund 1 Managing Member, LLC

65.0% - Potentia MN Solar Fund I, LLC

100.0% - Minnesota Solar CSG 1, LLC

100.0% - Minnesota Solar CSG 4, LLC

100.0% - Minnesota Solar CSG 8, LLC

100.0% - Minnesota Solar CSG 9, LLC

100.0% - Minnesota Solar CSG 19, LLC

100.0% - Minnesota Solar CSG 21, LLC

100.0% - Potentia Renewables Big Sky Operations LLC

100.0% - Potentia Renewable Developments, LLC

100.0% - Power Energy Corporation US

100.0% - Nautilus Solar Energy, LLC

100.0% - Nautilus Solar Solutions, LLC

100.0% - Nautilus Community Solar, LLC

29.81% - Power Sustainable Energy Infrastructure US Fund II LP

100.0% - Nautilus US Power Holdco, LLC

100.0% - Nautilus Solar Landco, LLC

100.0% - Nautilus LNTP Holdco, LLC

100.0% - Nautilus Equipment Borrower, LLC

&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;&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;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100.0 – Enterprise Road Solar, LLC

100.0% - Gregg Road Solar, LLC

100.0% - Odyssey Alpine Road Solar, LLC

100.0% - Odyssey Sandoval Solar Phase 2, LLC

100.0% - TPE IL WI158, LLC

100.0% - TPE IL WI202, LLC

100.0% - USS Sand Solar LLC

100.0% - USS Valley Solar LLC

100.0% - IL Solar Minonk Project1, LLC

100.0% - IL Solar Minonk Project2, LLC

100.0% - Odyssey Sonora Solar, LLC

100.0% - Nautilus OH Development, LLC

100.0% - Nautilus MI Development, LLC

100.0% - Nautilus NM Development, LLC

100.0% - Nautilus WI Development, LLC

100.0% - Yellow 17, LLC

100.0% - Luna Rossa Schodack Solar, LLC

100.0% - Yellow 23 LLC

100.0% - Yellow 22 LLC

100.0% - Great Lakes Peck Road Solar, LLC

100.0% - Great Lakes Michigan Solar, LLC

100.0% - Great Lakes 72<sup>nd</sup> Street Solar, LLC

100.0% - Great Lakes Wisconsin Solar, LLC

100.0% - Great Lakes Ohio Solar, LLC

100.0% - West Deming Solar Project, LLC

100.0% - Pulse Solar II, LLC

100.0% - Bear Branch Solar LLC

100.0% - Old Island Solar LLC

100.0% - Old Lock Solar LLC

100.0% - Nautilus Solar Devco Holdings, LLC

99.0% - Nautilus Solar Devco Parent, LLC (1% owned by Nautilus Solar Devco Holdings, LLC)

100% - Churchville Solar, LLC

100.0% - Westminster Solar, LLC

100.0% - Nautilus Term Transfer Holdco, LLC

100.0% - Moro Altamont Solar, LLC

100.0% - Leeds Route 106 Solar, LLC

100.0% - CGA Solar, LLC

100.0% - Renew Solar RI Exeter Ten, LLC

100.0% - Renew Solar RI Exeter Mail LLC

100.0% - Spirit Presque Isle 1 Solar, LLC

100.0% - Spirit Presque Isle 2 Solar, LLC

100.0% - VP Road Solar, LLC

100.0% - VP Road Solar South, LLC

100.0% - Falcon Sheesley, LLC

100.0% - BD Solar Norridgewock, LLC

100.0% - Nautilus Term Transfer Holdco II, LLC

100.0% - Nautilus Solar Construction Holdco, LLC

100.0% - Nautilus Solar Construction Seller, LLC

100.0% - Wolcott Hill Road Solar LLC

100.0% - St Lawrence County NY S2 LLC

100.0% - Luna Rossa Champlain Solar, LLC

100.0% - Chesapeake KE73 Solar, LLC

100.0% - Islander Solar, LLC

100.0% - Livingston Crossing Solar LLC

100.0% - Chesapeake Energy One, LLC

100.0% - Carroll County MD Solar, LLC

100.0% - Lincoln LI77 Solar, LLC

100.0% - Gowans Road Solar LLC

100.0% - Maverick One, LLC

100.0% - Ironside Lily Creek Solar, LLC

100.0% - Chesapeake NE91 Solar, LLC

100.0% - Clover Solar, LLC

100.0% - Sedum Solar, LLC

100.0% - Jacob's Place Solar LLC

100.0% - Lantana Solar Project, LLC

100.0% - Odyssey Granite City Solar, LLC

100.0% - Odyssey St. John Solar, LLC

100.0% - Lincoln HE33 Solar, LLC

100.0% - Carya Solar, LLC

100.0% - Carbondale Community Energy Initiative LLC

100.0% - East Walnut Street Community Initiative LLC

100.0% - RPIL Solar 4, LLC

100.0% - Odyssey Viola Solar, LLC

100.0% - USS Chandler Solar LLC

100.0% - Nautilus Solar Operations, LLC

99.0% - Nautilus Solar Opco Parent, LLC (1% owned by Nautilus Solar Operations, LLC)

100.0% - Nautilus Solar Term Holdco, LLC

100.0% - Nautilus Lion Sponsor Member, LLC

100.0% - Nautilus Lion Member, LLC

100.0% - Sturgeon Quarry Solar, LLC

100.0% - Casco Sidney Solar, LLC

100.0% - Casco Standish Solar, LLC

100.0% - Meeting House Solar, LLC

100.0% - SolarClub 10, LLC

100.0% - Bear One, LLC

100.0% - Sabattus SB01, LLC

100.0% - Red Wing Solar 3 LLC

100.0% - Vestal PS9 Solar, LLC

100.0% - Vestal PS10 Solar, LLC

100.0% - Sanford Solar LLC

100.0% - Nautilus Atlantis II MM Holdco, LLC

100.0% - Nautilus Atlantis II Lessee Holdco, LLC

100.0% - Nautilus Atlantis II Lessor Holdco, LLC

100.0% - Mustang One, LLC

100.0% - Lion One, LLC

100.0% - Ten Oaks Solar LLC

100.0% - Red Wing Solar 30, LLC

100.0% - Parker Place Solar LLC

100.0% - Peterboro Road Solar, LLC

100.0% - Casco Brewer Solar, LLC

100.0% - Sturgeon Ryan Ranch Solar, LLC

100.0% - Beech Road Solar, LLC

100.0% - Comfort Solar, LLC

100.0% - BD Solar Rangeley LLC

100.0% - BD Solar Larson LLC

100.0% - BD Solar North Anson LLC

100.0% - Norridgewock Martin Stream Solar LLC

100.0% - Nautilus FPF Sponsor Member, LLC

100.0% - Nautilus FPF Member, LLC [100.0% of Class B Membership Interests]

100.0% - BD Solar Limestone LLC

100.0% - BD Solar Masardis LLC

100.0% - BD Solar Nicolin LLC

100.0% - Nautilus Solar Term Holdco II, LLC

100.0% - Nautilus Class B Member 2025, LLC

100.0% - Nautilus Owner 2025, LLC [100.0% of Class B Membership Interests]

100.0% - Carroll County MD Solar, LLC

100.0% - Luna Rossa Champlain Solar, LLC

100.0% - Gowans Road Solar, LLC

100.0% - Chesapeake Energy One, LLC

100.0% - Chesapeake KE73 Solar, LLC

100.0% - Chesapeake SU94 Solar, LLC

100.0% - Chesapeake SU113 Solar, LLC

100.0% - Chesapeake SU163 Solar, LLC

100.0% - Livingston Crossing Solar LLC

100.0% - St Lawrence County NY S2, LLC

100.0% - Islander Solar, LLC

100.0% - Goose Haven Solar LLC

100.0% - RPIL Solar 5, LLC

100.0% - Chesapeake SU165 Solar, LLC

100.0% - Lincoln LI18 Solar, LLC

100.0% - Lincoln KA04 Solar, LLC

100.0% - Lincoln KA32 Solar, LLC

100.0% - Little Valentine Solar LLC

100.0% - Odyssey St. Jacob Solar, LLC

100.0% - Barnes Road Solar, LLC

100.0% - Barnes Road Solar West, LLC

100.0% Nautilus Issuer 2022 Holdco, LLC

100.0% Nautilus Issuer 2022, LLC

100.0% - Nautilus Sponsor Member 2022, LLC

100.0% - Nautilus Owner 2022, LLC [100.0% of Class B Membership Interests]

100.0% - Tiffany Energy LLC

100.0% - NSE AT01, LLC

100.0% - NSE FA01 LLC

100.0% - Washington WS03, LLC

100.0% - Sturgeon Solar Gray, LLC

100.0% - Vestal PS4 Solar, LLC (f/k/a) Pivot Solar 4, LLC)

100.0% - Vestal PS7 Solar, LLC (f/k/a) Pivot Solar 7, LLC)

100.0% - Vestal PS8 Solar, LLC (f/k/a) Pivot Solar 8, LLC)

100.0% - Vestal PS1 Solar, LLC (f/k/a Pivot Solar 1, LLC)

100.0% - Vestal PS3 Solar, LLC (f/k/a Pivot Solar 3, LLC)

100.0% - Mavis Solar North Bridgton LLC (f/k/a BD Solar North Bridgton, LLC)

100.0% - Mavis Oakland LLC (f/k/a BD Solar Oakland, LLC)

100.0% - Wells Solar LLC

100.0% - Fryeburg Solar, LLC

100.0% - VH Holdco I, LLC

100.0% - VH WB Holdco, LLC

100.0% - VH West Brookfield, LLC

100.0% - NSE Kam MM Holdco, LLC

100.0% - Virgo KAM Holdco, LLC (100% Class B Units)

100.0% - Lindstrom Solar LLC

100.0% - Saint Cloud Solar LLC

100.0% - Winsted Solar LLC

100.0% - NSE Goat Island MM Holdco, LLC

100.0% - Virgo Goat Island Holdco, LLC (100% Class B Units)

100.0% - Nautilus Goat Island Solar, LLC

100.0% - Nautilus Hopkins Hill MM Holdco, LLC

100.0% - Hopkins Hill Solar Lessee LLC (1% pre-flip economic interest)

100.0% - Hopkins Hill Solar Lessor Holdco LLC (90% economic interest)

100.0% - TPE Hopkins Solar Holdings1, LLC

100.0% - Nautilus Mayflower Holdco, LLC

100.0% - FFP Fund II Member1, LLC

100.0% - FFP Fund II Partnership1, LLC

100.0% - Hollygrove Solar, LLC

100.0% - Howland Solar, LLC

100.0% - Pearl Solar, LLC

100.0% - Pearl Solar II, LLC

100.0% - FFP NY Schagticoke Project1, LLC

100.0% - FFP NY Schenectady Project1, LLC

100.0% - FFP NY Watertown Project1, LLC

100.0% - FFP NY Guilderland Project1, LLC

100.0% - Aegis Solar, LLC

100.0% - FFP Fund II Partnership2, LLC

100.0% - FFP Bethlehem Project1, LLC

100.0% - FFP BTC2 Project LLC

100.0% - Strauss Solar, LLC

100.0% - Dover Solar, LLC

100.0% - Ellsworth Solar, LLC

100.0% - Ellsworth Solar II, LLC

100.0% - Frog Hollow Solar, LLC

100.0% - Howell Solar, LLC

100.0% - FFP Owings Mills Project1 LLC

100.0% - FFP MD Snow Hill Project1 LLC

100.0% - FFP MD PGC18 Project, LLC

100.0% - FFP MD Solar Holdings, LLC

100.0% - Nautilus Holdco I, LLC

100.0% - NS Belle Mead, LLC

100.0% - NSE Barnstable HS Solar LLC

100.0% - NSE Duxbury Solar LLC

100.0% - NSE Solar #1032 LLC

100.0% - NSE Cape Cod Solar IV LLC

100.0% - NSE Mattacheese Solar LLC

100.0% - NSE Wixon Solar LLC

100.0% - Red Wing Solar 15 LLC

100.0% - Red Wing Solar 20 LLC

100.0% - SolarClub23 LLC

100.0% - Red Wing Solar 28, LLC

100.0% - SolarClub 35 LLC

100.0% - Vestal PS2 Solar, LLC

100.0% - Vestal PS14 Solar, LLC

100.0% - Vestal PS15 Solar, LLC

100.0% - Sturgeon Town House Solar, LLC

100.0% Nautilus Sponsor Member 2021 LLC

100.0% Sponsor Membership Interests - Nautilus Owner 2021, LLC

100.0% - Nautilus Owner 2021 (King) LLC

100.0% - Nautilus Sponsor Member, 2020 LLC

&nbsp;&nbsp;&nbsp;&nbsp;40.0% - Nautilus Owner 2020, LLC

100.0% - Nautilus Owner 2020 (Beacon) LLC

100.0% - NSE CroakerRenewables Inc.

100.0% - VH Lordsburg Holdco, LLC

100.0% - Nautilus Solar Lordsburg, LLC

100.0% – VH Salem Holdco, LLC

100.0% - NS Salem Community College, LLC

100.0% - VH Kilroy Holdco, LLC

100.0% - VH Kilroy Solar, LLC

100.0% - VH BHA Holdco, LLC

100.0% - GES Megafourteen LLC

49.62% - LMPG Inc.

100.0% - LMPG Corp. (formerly knows as Lumenpulse Lighting Corp.)

100.0% - LMPG USA, Inc.(formerly known as Sternberg Lanterns, Inc.)

100.0% - Architectural LW Holdings, LLC

100.0% Palo Alto Lighting, LLC

100.0% Architectural Lighting Works, S.de R.L. de C.V.

100.0% - LMPG Holdings Inc.

80.0% Vode Lighting, LLC

100.0% - Exenia s.r.l.

&nbsp;&nbsp;&nbsp;&nbsp;80.0% - CD/M2 Lightworks Corp

&nbsp;&nbsp;&nbsp;&nbsp;80.0% - Pa-Co Lighting Inc.

100.0% - Lumca Inc.

100.0% - Toronto Lightworks Inc.

100.0% - Lumenpulse UK Limited

100.0% - Lumenpulse Alphaled Limited

**G. Other PFC Companies**

Power Financial Corporation

100.0% - 4400003 Canada Inc.

100.0% - 3411893 Canada Inc.

100.0% - 3439453 Canada Inc.

100.0% - 11249207 Canada Inc.

0.85% - Clark Holding SE

0.77% - Koho Financial Inc. (0.77% outstanding equity)

2.16% - Wealthsimple Financial Corp (1.86% equity)

100.0% - 9194649 Canada Inc.

100.0% - Springboard L.P.

52.70% - Wealthsimple Financial Corp. (48.16% equity)

100.0% - Wealthsimple Inc.

100.0% - Wealthsimple Investments Inc.

100.0% - Wealthsimple Technologies Inc.

100.0% - Wealthsimple US, Ltd.

100.0% - Wealthsimple Technologies (Alberta) Inc.

100.0% - SimpleTax Software Inc.

100.0% - Wealthsimple Payments Inc.

100.0% - Wealthsimple Media Inc.

100.0% - Wealthsimple Mortgage Services Inc.

100.0% - 14500873 Canada Inc.

100.0% - Wealthsimple Financial Planning Services, Inc.

100.0% - Wealthsimple Funds Holdco Inc.

100.0% - Wealthsimple Private Credit Fund 1 GP Inc.

100.0% Wealthsimple Private Credit Fund 1 LP

100.0% - Wealthsimple Private Credit Fund 1 Sub GP Inc.

100.0% Wealthsimple Private Credit Fund 1 Sub LP

100.0% - Wealthsimple Web3 Inc.

100.0% - Wealthsimple Loan Company

100.0% - Fey Labs Inc.

100.0% - Springboard II LP

5.22% - Koho Financial Inc.(5.24% outstanding equity)

**H. Sagard Holdings & Portag3**

Power Corporation of Canada

100.0% - Power Financial Corporation

65.00% - Great-West Lifeco Inc. (71.14% total equity (directly and indirectly)

12.65% - Sagard Holdings Management Inc. (10.75% equity)

100.0% - Sagard Holdings Participation Inc.

100.0% - Sagard Holdings Inc.

50.83% - Sagard Holdings Management Inc. (43.23% equity)

100.0% - Everwest Holdings Inc.

100.0% - EverWest Property Services, LLC

100.0% - EverWest Advisors LLC

100.0% - EW Manager, LLC

100.0% - EverWest Real Estate Investors, LLC

100.0% - EW Equity Plan, LLC

100.0% - Sagard Holdings Management Corp.

40.0% - HalseyPoint Holdco, LLC

100.0% - HalseyPoint Asset Management, LLC

100.0% - Sagard HalseyPoint CLO Management GP LLC

100.0% - Sagard HalseyPoint CLO Management LP

100.0% - Sagard Holdings Service Corp.

100.0% - Sagard Holdings Manager (US) LLC

100.0% - Sagard Senior Lending Partners Offshore GP LLC

100.0% - Sagard Senior Lending Partners Holdings II LP

100.0% - Sagard Senior Lending Partners Offshore-U GP LLC

100.0% - Sagard Senior Lending Partners Holdings II-U LP

100.0% - Sagard Senior Lending Partners Holdings II-U SPV II LLC

100.0% - Sagard Senior Lending Partners Holdings LLC

100.0% - Sagard Senior Lending Partners Holdings-U LLC

100.0% - Sagard Senior Lending Partners Offshore Carried Interest LLC

100.0% - Sagard Senior Lending Partners Offshore Carried Interest-U LLC

100.0% - Sagard CLO Equity Fund GP LLC

100.0% - Sagard CLO Equity Fund LP

100.0% - Sagard CLO Equity Fund US Feeder LP

100.0% - Sagard Senior Lending Partners-U GP Inc.

100.0% - Sagard Senior Lending Partners Holdings I-U LP

100.0% - Sagard Senior Lending Partners-U LP

100.0% - Sagard Senior Lending Partners RN-U LP

100.0% - Sagard Senior Lending Partners Holdings-U GP Inc.

100.0% - Sagard Senior Lending Partners Holdings-U LP

100.0%- Performance Equity Associates, LLC (46.25% equity)

100.0% - Performance Equity Management, LLC

100.0% - Sagard Private Equity Strategies GP Inc.

100.0% - Sagard Private Equity Strategies LP

100.0% - Sagard Private Equity Strategies Feeder LP

100.0% - Sagard Private Equity Strategies Carried Interest LP

100.0% - Sagard Private Equity Strategies Carried Interest Feeder LP

100.0% - Sagard UK Management Ltd.

45.0% - BEX TopCO SAS

100.0% - Sagard Holdings Manager GP Inc.

100.0% - Sagard Holdings Manager LP

100.0% - Sagard Holdings Wealth LP

77.27% - Grayhawk Wealth Holdings Inc. (73.83% fully diluted equity)

100.0% - Grayhawk Investment Strategies Inc.

100.0% - Sagard Foundry Participation LP

100.0% - P3 Ventures Participation LP

100.0% - SHRP Participation LP

100.0% - Sagard Partner Pool LP

100.0% - Sagard Europe Participation LP

100.0% - P3 Ventures 2021 Participation LP

100.0% - Portage Capital Solutions Carried Interest LP

100.0% - Portage Web3 Fund I Carried Interest LP

88.17% - Sagard S.A.S.

100.0% - Sagard Holdings Manager (Canada) Inc.

100.0% - Sagard (MENA) Ltd

100.0% - Sagard Credit Partners GP, Inc.

100.0% - Sagard Credit Partners, LP

100.0% - Sagard Credit Partners II GP, Inc.

100.0% - Sagard Credit Partners II, LP

100.0% - Sagard Credit Partners II Carried Interest, LP

100.0% - Sagard Credit Partners (Cayman) GP, Inc.

100.0% - Sagard Credit Partners (Cayman), LP

100.0% - Sagard Credit Partners II (Cayman) GP, LLC

100.0% - Sagard Credit Partners II (Cayman), LP

100.0% - Sagard Credit Partners II (US Investments), LP

100.0% - Sagard Credit Partners II SPV I GP, Inc.

100.0%- Sagard Credit Partners II SPV I, LP

100.0% - Sagard Credit Partners Carried Interest GP Inc.

100.0% - Sagard Credit Partners Carried Interest LP

100.0% - Sagard Credit Partners III GP Inc.

100.0% - Sagard Credit Partners III (Canada) LP

100.0% - Sagard Credit Partners III-U (Canada) LP

100.0% - Sagard Credit Partners III-U RN (Canada) LP

100.0% - Sagard Credit Partners III Special GP Inc.

100.0% - Sagard Credit Partners III Special LP

100.0% - Sagard Credit Partners III (Cayman) GP LLC

100.0% - Sagard Credit Partners III LP

100.0% - Sagard Credit Partners III-U (Cayman) GP LLC

100.0% - Sagard Credit Partners III-U (US) LP

100.0% - Sagard Credit Partners III-U LP

100.0% - Sagard Credit Partners III-U RN (US) LP

100.0% - Sagard Private Credit GP Inc.

100.0% - Sagard Private Credit LP

100.0% - Sagard Private Credit Reverse Hybrid 1 LP

100.0% - Sagard Private Credit Reverse Hybrid 2 LP

100.0% - Sagard Private Credit Financing SPV I GP Inc.

100.0% - Sagard Private Credit Financing SPV 1 LP

100.0% - Sagard Private Credit Financing SPV 2 LP

100.0% - GL Ontario GP Inc.

100.0% - Great Lakes Ontario LP

100.0% - Sagard CLO Equity Fund GP Inc.

100.0% - Sagard CLO Equity Fund Feeder LP

100.0% - Sagard CLO Equity Fund FI Feeder LP

100.0% - Sagard Healthcare Royalty Partners GP LLC

100.0% - Sagard Healthcare Royalty Partners, LP

100.0% - Sagard Healthcare Partners (Delaware) LP

100.0% Sagard Healthcare Partners Funding SPE 1, LLC

100.0% - Sagard Healthcare Partners Funding Borrower SPE 1, LP

100.0% - Sagard Healthcare Partners Funding Borrower SPE 2, LP

100.0% - Sagard Healthcare Partners (Delaware) II LP

100.0% - Sagard Healthcare Partners (P-1) LP

100.0% - Sagard Healthcare Partners (US Blocker-1) LLC

100.0% - Sagard Healthcare Partners (US Blocker-2) LLC

100.0% - Sagard Healthcare Royalty Partners (Feeder), LP

100.0% - Sagard Healthcare Royalty Partners (US Feeder), LP

100.0% - Sagard Healthcare Partners (892 Feeder), LP

100.0% - Sagard Healthcare Partners (892) Holdings, LP

100.0% - Sagard Healthcare Partners Holdings, LP

100.0% - Sagard Healthcare Partners (AIV-1) LP

100.0% - Sagard Healthcare Partners (Europe) GP Limited

100.0% - Sagard Healthcare Partners (Europe) ILP

100.0% - Portag3 Ventures GP Inc.

100.0% - Portag3 Ventures Participation ULC

100.0% - Portag3 Ventures Participation Inc.

100.0% - Portag3 Ventures Participation US LP

100.0% - Portag3 Ventures II Affiliates GP Inc.

100.0% - Portag3 Ventures II Affiliates LP

100.0% - Portag3 Ventures LP

100.0% - Portag3 International Investments Inc.

1.03% - Albert Corporation

0.46% - Clark (FL Fintech E GmbH)

12.24% - Borrowell Inc.

35.17% - Diagram Ventures Limited Partnership

&nbsp;&nbsp;&nbsp;&nbsp;0.56% - Nesto Inc.

100.0% - Portag3 Ventures II GP Inc.

100.0% - Portage3 Ventures II LP

100.0% - Portag3 Ventures II Investments LP

100.0% - Portag3 Ventures II International Investments Inc.

12.20% - Albert Corporation

15.24% - Koho Financial Inc.

10.37% - Clark

12.52% - Socotra Inc.

19.97% - Fondeadora Inc.

9.80% - AlpacaDB, Inc.

21.17% - Pledg SAS

17.02% - Rose Technology Incorporated

15.80% - AtomicFI, Inc.

18.65% - Choosing Therapy Inc.

63.63% - Diagram Ventures II LP

12.57% - Conquest Planning Inc.

9.12% - integrate AI Inc.

14.15% - Boosted.ai

10.72% - Hellas Direct

1.97% - Tallied Technologies Inc. (Founders Shares)

1.49% - 12835304 Canada Inc. (Conduit) (Founders Shares)

2.02% - 12835347 Canada Inc (Helika) (Founders Shares)

1.46% - 12837072 Canada Inc (Obeo) (Founders Shares)

1.98% - Choir Technologies Inc. (Founders Shares)

1.29% - ClearEstate (Founders shares)

2.23% - Conduit Blockchain Technologies Inc. (Founder shares)

2.85% - Novisto Inc (plus Founders shares)

3.78% - Pillar (Founders shares)

8.08% - Retirable, Inc (plus Founders shares)

1.62% - Skylight (Founders shares)

2.96% - Synctera Inc (plus Founders shares)

1.59% - Trice Technologies Inc (Founders Shares)

4.02% - Wingo Technologies Inc (Founders shares)

100.0% - Portag3 Ventures II International LP

100.0% - Portag3 Ventures II International (FI) LP

100.0% - Portag3 Ventures II Carried Interest LP

100.0% - Portag3 Ventures II Carried Interest US LP

100.0% - Portage Ventures III GP Inc.

100.0% - Portage Ventures III Carried Interest LP

100.0% - Portage Ventures III LP

100.0% - Portage Ventures III International LP

100.0% - Portage Ventures III Investments LP

11.25% - 12835304 Canada Inc. (Conduit)

10.94% - Covey IO Corp.

12.29% - Croissant Pay, Inc.

11.99% - GuarantR, Inc.

11.88% - KikOff Inc.

13.43% - Kontempo Holdings Limited

14.10% - LeapXpert Group

12.53% - Nesto Inc.

8.97% - HeyMirza Ltd.

11.47% - Loanstreet Inc.

19.20% - Wealthier Pty Ltd.(Pearler)

11.21% - Modular Technologies OÜ (TUUM)

18.18% - Tallied Technologies Inc.

12.84% - Angle Health, Inc.

18.00% - Agio Ratings Limited

31.16% - Notch Ordering Inc.

15.62% - Oat Financial, Inc.

15.69% - QUIN Technologies GmbH

12.48% - Mooncard

10.01% - Liquidly Inc.

12.02% - Conduit Blockchain Technologies, Inc.

15.40% - Benepass, Inc.

17.67% - Brella Insurance Inc.

&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;&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;&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;10. 94% - Cover Tree Inc.

10.00% - Midas Technology Corp.

22.0% - Zeal (Puzzl Group Inc.)

13.83% - Zilo Technology Limited

11.28% - Haruko Limited

11.76% - Najar

100.0% - Portage Ventures III B1 LLC

18.69% - Valstro Holdings, LLC

15.31% - Faye

100.0% - Portage Ventures III Access Fund LP

100.0% - Portage Ventures IV GP Inc.

100.0%- PVBCI LP

100.0% - Portage Ventures IV Carried Interest LP

100.0% - Portage Ventures IV LP

100.0% - Portage Ventures IV International LP

100.0% - Portage Ventures IV Investments LP

11.25% - Formance, Inc.

16.67% - Seed Investor Holdings, Inc.

20.00% - Final Commerce Inc.

8.75% - Flexbase Technologies, Inc.

18.77% - OneCarNow Holdings Limited

16.00% - Stratosphere Technology Inc.

14.71% - ObsidianOS Limited

12.43% - Allocate Holdings Inc.

20.0% - Elysian Insurance Services Inc.

14.83% - Klear AI, Inc.

17.54% - Pluto Financial Technologies, Inc.

50.0% - Diagram Ventures GP Inc.

100.0% - Diagram Ventures Limited Partnership

3.38% - Nesto

6.99% - Retirable

50.0% - Diagram Ventures II GP Inc.

100.0% - Diagram Ventures II LP

5.10% - Novisto

4.52% - Synctera

9.46% - Baselane

9.71% - ClearEstate

11.75% - Tallied

11.35% - Helika

12.47% - Obeo

13.93% - Trice

50.0% - Diagram Ventures III GP Inc.

100.0% - Diagram Ventures III LP

14.00% - Trice

9.96% - Choir

14.59% - Katara AI

17.28% - Axle Automation

9.62% - Landjourney

15.75% - LoadLogic

3.63% - Walnut

17.62% - Policybook

13.72% - Coral

17.35% - Mahalo

13.42% - Locus X (ex-GameIQ)

100.0% - Diagram Ventures III Carried Interest L.P.

50.0% - Diagram Opportunity GP Inc.

100.0% - Diagram Opportunity Fund Carried Interest LP

100.0% - Diagram Opportunity Fund I LP

7.90% - Synctera

0.90% - Albert

7.03% - Novisto

5.43% - Baselane

8.47% - ClearEstate

4.79% - Nesto

0.80% - Alpaca

0.0% - Wealthsimple Financial Corp (0.11% equity)100.0% - Diagram SPV 5-24 LP

2.46% - Nesto

100.0% - Diagram SPV 5-24 Carried Interest Limited Partnership

100.0% - Diagram SPV 2-25 L.P.

100.0% - Diagram SPV 2-25 Carried Interest Limited Partnership

100.0% - Diagram SPV 10-25 L.P.

50.0% - Diagram ClimateTech GP Inc.

100.0% - Diagram ClimateTech Carried Interest L.P.

22.56% - Relion

100.0% - Diagram ClimateTech Fund L.P.

22.56% - Relion

17.86% - Lyteflo

1.80% - veritree

8.83% - Skyward

5.00% - PemPem

8.00% - Enurgen

49.0% – Diagram Corporation (75.0% equity)

100.0% - Springboard III GP Inc.

100.0% - Springboard III LP

100.0% - Sagard Holdings GP, Inc.

100.0% - Sagard Holdings, L.P.

96.0% - 1069759 B.C. Unlimited Liability Company

100.0% - Spadina GP Inc.

100.0% - Spadina Participation LP

100.0% - Spadina LP

3.51% - Wealthsimple Financial Corp. (3.03% equity)

100.0% - Sagard PE Canada GP Inc.

100.0% Sagard PE Canada Carried Interest LP

100.0% - Sagard Private Equity Canada LP

100.0% SPEC CL GP Inc.

100.0% SPEC CL Co-Invest LP

50.3433% - Courchesne, Larose Holding Inc.

100.0% - Courchesne, Larose, Limitee

59.0% - SPEC Walter GP Inc.

100.0% - SPEC Walter LP

38.68% - Groupe Lou-Tec Inc.

100.0% Acces Location D'Equipements Inc.

100.0% - Locations SSJ Inc.

100.0% - MKS Equipements Inc.

100.0% - Torcan Lift Equipment Ltd.

100.0% - SPEC NG Holding Inc.

31.24% - Norbec Group Inc.

96.0% - SPEC PF Co-Invest GP Inc.

100.0% - SPEC PF Co-Invest LP

42.44% - PakFab Engineered Solutions Corp.

37.9% - Lorne Park Capital Partners Inc. (f.k.a.1001252840 Ontario Inc.)

100.0% - Bellwether Investment Management Inc. (f.k.a.1001252872 Ontario Inc.)

36.7% - Sagard USRE Inc.

50.0% - Outremont Technologies Inc. (41.75% economic shares)

100.0% - Outremont Technologies Manager Ltd.

100.0% - Outremont Technologies GP Ltd.

100.0% - Sagard Senior Lending Partners GP Inc.

100.0% - Sagard Senior Lending Partners LP

100.0% - Sagard Senior Lending Partners Holdings I LP

100.0% - Sagard Senior Lending Partners Holdings GP Inc.

100.0% - Sagard Senior Lending Partners Holdings LP

100.0% - Sagard Senior Lending Partners Carried Interest GP Inc.

100.0% - Sagard Senior Lending Partners Carried Interest LP

100.0% - Sagard Senior Lending Partners Carried Interest-U LP

100.0% - Sagard Senior Lending Partners Offshore Carried Interest Blocker LP

100.0% - Sagard Senior Lending Partners Offshore Carried Interest GP Inc.

100.0% - Sagard Senior Lending Partners Offshore Carried Interest LP

100.0% - Sagard Senior Lending Partners Offshore Carried Interest-U LP

100.0% - Sagard Senior Lending Partners Offshore-U GP Inc

100.0% - Sagard Senior Lending Partners Offshore-U LP

100.0% - Sagard Senior Lending Partners Offshore GP Inc.

100.0% - Sagard Senior Lending Partners Offshore LP

100.0% - Sagard Senior Lending Partners Holdings SPV GP Inc.

100.0% - Sagard Senior Lending Partners Holdings I SPV LP

100.0% - Sagard Senior Lending Partners Holdings II SPV LP

100.0% - Sagard Senior Lending Partners Holdings-U GP LLC

100.0% - Sagard Senior Lending Partners Holdings-U III LP

100.0% - Sagard Senior Lending Partners Holdings GP LLC

100.0% - Sagard Senior Lending Partners Holdings III LP

100.0% - Portage Capital Solutions GP Inc.

100.0% - Portage Capital Solutions Fund I LP

16.23% - Theta Ray Ltd.

100.0% - Portage Capital Solutions Canada Fund I LP

100.0% - Portage Capital Solutions US Fund I LP

100.0% - Portage Capital Solutions International Fund I LP

100.0% - Portage Web3 I GP Inc.

100.0% - Portage Web3 Feeder Fund I LP

100.0% - Portage Web3 Master Fund I LP

100.0% - Portage Web3 Blocker Inc.

100.0% - PCS Arglass Co-Invest GP. Inc.

100.0% - PCS Arglass Co-Invest LP

100.0% - Mowat GP Inc.

100.0% - Mowat Participation LP

100.0% Mowat LP

3.76% Koho Financial Inc.

100.0% - PPCVI GP Inc.

100.0% - PPCVI Carried Interest LP

100.0% - PPCVI LP

100.0% - PPCVI Blocker I, LLC

100.0% - PPCVI Blocker II, LLC

100.0% - SHMI CDN Feeder GP Inc.

100.0% - Sagard NewGen 2 Canadian Feeder LP

100.0% - Sagard USPF Inc.

63.3% - Sagard USRE Inc.

4.0% - 1069759 B.C. Unlimited Liability Company