# EDGAR Filing Document

**Accession Number:** 0000934298
**File Stem:** 0001193125-23-067464
**Filing Date:** 2023-3
**Character Count:** 8540
**Document Hash:** f93002dd87457f04431f6bd16c587997
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-067464.hdr.sgml**: 20230310

**ACCESSION NUMBER**: 0001193125-23-067464

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230310

**DATE AS OF CHANGE**: 20230310

**EFFECTIVENESS DATE**: 20230310

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NYLIAC VARIABLE ANNUITY SEPARATE ACCOUNT III
- **CENTRAL INDEX KEY:** 0000934298
- **IRS NUMBER:** 133044743
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-228039
- **FILM NUMBER:** 23723256

**BUSINESS ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **STREET 2:** ATTENTION: ERICA CARRIG
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** (212) 576-4498

**MAIL ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **STREET 2:** ATTENTION: ERICA CARRIG
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NYLIAC LIFESTAGES ANNUITY SEPARATE ACCOUNT
- **DATE OF NAME CHANGE:** 19941219

## Series and Classes Contracts Data

### NYLIAC VARIABLE ANNUITY SEPARATE ACCOUNT III (Series ID: S000009385)

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|  |  |
|:---|:---|
| Class Name                                        | Class ID   |
| New York Life Premier Variable Annuity - P Series | C000207404 |

---

## Series and Classes Contracts Data

### NYLIAC VARIABLE ANNUITY SEPARATE ACCOUNT III (Series ID: S000009385)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000207404 | New York Life Premier Variable Annuity - P Series |  |

**SUPPLEMENT DATED MARCH 10, 2023 TO** 

**THE NEW YORK LIFE PREMIER VARIABLE ANNUITY – P SERIES** 

**PROSPECTUS DATED MAY 1, 2022** 

**INVESTING IN NYLIAC VARIABLE ANNUITY SEPARATE ACCOUNT-III** 

This supplement revises and, to the extent inconsistent therewith, replaces information contained in the New York Life Premier Variable Annuity – P Series prospectus dated May 1, 2022 (the "Prospectus"). You should read this information carefully and retain this supplement for future reference together with the Prospectus. This supplement is not valid unless it is read in conjunction with the Prospectus. All capitalized terms used but not defined herein have the same meaning as those included in the Prospectus.

1. The ""Fees and Expenses" information in the "**IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE POLICY"** section of the Prospectus is deleted in its entirety and replaced with the following:

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| | | |
|:---|:---|:---|
|  | **FEES AND EXPENSES** | **LOCATION IN**<br> **PROSPECTUS** |
| &nbsp;&nbsp;&nbsp;**Charges for Early Withdrawal** | If you withdraw more than the Surrender Charge Free Amount within 7 years following your premium payment, you will be assessed a surrender charge. The maximum surrender charge is 7% of the amount withdrawn during the first two Policy Year (s) declining to 0% over that seven-year period. For example, if you make an early withdrawal within the first two Policy Years, you could pay a surrender charge of up to $7,000 on a $100,000 investment. | **CHARGES AND**<br> **DEDUCTIONS –**<br> **Transaction**<br> **Expenses –**<br> **Surrender Charges** |
| &nbsp;&nbsp;&nbsp; **Transaction**<br> **Charges** | In addition to surrender charges, you may also be charged for other transactions, such as when you transfer cash value between investment options more than 12 times a year, or if a premium payment is returned for insufficient funds. Although we do not currently charge for such transactions, we reserve the right to charge up to $30 per transaction. Currently, the policy offers only one Investment Division. In the future we may make additional Investment Divisions available. | **CHARGES AND**<br> **DEDUCTIONS –**<br> **Transaction**<br> **Expenses** |
| &nbsp;&nbsp;&nbsp; **Ongoing Fees**<br> **and Expenses**<br> **(annual charges)** | The table below describes the fees and expenses that you may pay *each year*, depending on the options you choose. Please refer to your Policy Data Page for information about the specific fees you will pay each year based on the options you have elected. | **CHARGES AND**<br> **DEDUCTIONS –**<br> **Annual Policy**<br> **Expenses; Annual**<br> **Portfolio Expenses** |

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| | | | |
|:---|:---|:---|:---|
| **ANNUAL FEE** | **Minimum** | **Maximum** | |
| Base contract<sup>1</sup> | 1.00% | 1.20% | **CHARGES AND**<br> **DEDUCTIONS –**<br> **Annual Policy**<br> **Expenses** |
| Investment options (Portfolio fees and expenses)<sup>2</sup> | 0.80% | 0.80% | **CHARGES AND**<br> **DEDUCTIONS –**<br> **Annual Portfolio Expenses** |
| Investment Preservation Rider – P Series (IPR)<sup>3</sup> | 0.70% | 0.70% | **CHARGES AND**<br> **DEDUCTIONS –**<br> **Charge for the**<br> **Investment**<br> **Preservation Rider – P Series** |

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| | |
|:---|:---|
| <sup>1</sup> As a percentage of Accumulation Value.<br> <sup>2</sup> As a percentage of average net Portfolio assets. Fees and expenses are for the year ended December 31, 2021 and will change from year to year. Minimum will be lower for California residents over 60 who choose to allocate to the Fidelity VIP Government Money Market Portfolio during the Free Look period.<br> <sup>3</sup> As an annualized percentage of daily Accumulation Value. The IPR is included with all policies. | <sup>1</sup> As a percentage of Accumulation Value.<br> <sup>2</sup> As a percentage of average net Portfolio assets. Fees and expenses are for the year ended December 31, 2021 and will change from year to year. Minimum will be lower for California residents over 60 who choose to allocate to the Fidelity VIP Government Money Market Portfolio during the Free Look period.<br> <sup>3</sup> As an annualized percentage of daily Accumulation Value. The IPR is included with all policies. |
| Because your policy is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your policy, 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 policy, **which could add surrender charges that substantially increase costs.** | Because your policy is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your policy, 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 policy, **which could add surrender charges that substantially increase costs.** |
| **LOWEST ANNUAL COST:**<br> $2,272.00  | **HIGHEST ANNUAL COST**<br> $2,272.00 |
| Assumes:<br> • Investment of $100,000<br> • 5% annual appreciation<br> • Least expensive combination of Base Contract Charges and Portfolio fees and expenses<br> • No sales charges<br> • No additional purchase payments, transfers or withdrawals | Assumes:<br> • Investment of $100,000<br> • 5% annual appreciation<br> • Most expensive combination of Base Contract Charges, and Portfolio fees and expenses<br> • No sales charges<br> • No additional purchase<br> payments, transfers or withdrawals |

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2. The "Annual Policy Expenses" information in the "TABLE OF FEES AND EXPENSES" section is deleted in its entirety and replaced with the following:

------

**<u>Annual Policy Expenses</u>**

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| | | |
|:---|:---|:---|
|  | **Guaranteed<br>Maximum Charge** | **Current Charge** |
| &nbsp;&nbsp;&nbsp; **Base Contract Expenses (M&E Charges)<sup>1</sup>** | <br> 1.20%<br>(During the<br>Surrender Charge<br> Period) | <br> 1.20%<br>(During the<br>Surrender Charge<br> Period) |
| &nbsp;&nbsp;&nbsp; **Base Contract Expenses (M&E Charges)<sup>1</sup>** | <br> 1.00%<br>(After the<br>Surrender Charge<br> Period) | <br> 1.00%<br>(After the<br>Surrender Charge<br> Period) |
| &nbsp;&nbsp;&nbsp; **Annual Charge for IPR-P Series (IPR)<sup>2</sup>** | 1.80% | 0.70% |

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<sup>1</sup> As an annualized percentage of daily Accumulation Value. We call this the "Mortality and Expense Risk and Administrative Costs Charge (M&E)" in your policy and elsewhere in this prospectus.<br> <sup>2</sup> As an annualized percentage of daily Accumulation Value. The IPR is included with all policies.<br>

New York Life Insurance and Annuity Corporation (a Delaware Corporation)

51 Madison Avenue, New York, New York 10010