# EDGAR Filing Document

**Accession Number:** 0001018042
**File Stem:** 0001193125-26-170008
**Filing Date:** 2026-4
**Character Count:** 116758
**Document Hash:** 122fe42d86b6ea90116b41a88cb8fde2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-170008.hdr.sgml**: 20260422

**ACCESSION NUMBER**: 0001193125-26-170008

**CONFORMED SUBMISSION TYPE**: 497VPI

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260422

**DATE AS OF CHANGE**: 20260422

**EFFECTIVENESS DATE**: 20260422

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CORPORATE SPONSORED VUL SEPARATE ACCOUNT I
- **CENTRAL INDEX KEY:** 0001018042

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

**FILING VALUES:**
- **FORM TYPE:** 497VPI
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-232790
- **FILM NUMBER:** 26883201

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

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

## Series and Classes Contracts Data

### CORPORATE SPONSORED VUL SEPARATE ACCOUNT I (Series ID: S000009387)

| Class ID   | Class Name        | Ticker Symbol   |
|:---|:---|:---|
| C000214972 | CorpExec VUL Plus |  |

**New York Life Insurance and Annuity Corporation**

**CorpExec VUL Plus**

**Corporate Executive Series Variable Universal Life** 

**SUMMARY PROSPECTUS FOR NEW INVESTORS**

**May 1, 2026**

**A flexible premium VUL insurance policy offered to corporations and individuals under New York Life Insurance and Annuity Corporation ("NYLIAC")** 

**Corporate Sponsored Variable Universal Life Separate Account-I**

Please use the following address to send policy premium payments and service Requests to us:

**Service Office:**

**New York Life Insurance and Annuity Corporation** <br>**NYLIFE Distributors, LLC** <br>**Attention: New York Life Institutional Life** <br>**6130 Sprint Parkway, Suite 400** <br>**Overland Park, KS 66211** <br>**Telephone: (888) 695-4748** <br>**Fax: (913) 906-4129**

**E-mail: NYLAMN_Service@newyorklife.com**

This Summary Prospectus summarizes key features of the CorpExec VUL Plus flexible premium VUL insurance policy (the "Policy") issued by New York Life Insurance and Annuity Corporation ("NYLIAC"), which is offered to corporations and individuals to provide life insurance in a corporate-sponsored arrangement. Unless otherwise indicated, all information in this summary prospectus applies to both individually and corporate-owned Policies.

Before you invest, you should also carefully review the prospectus for the Policy (the "Prospectus"), which contains more information about its features, benefits, and risks. You can find the Prospectus and other information about the Policy online at https://dfinview.com/NewYorkLife/TAHD/cevulplus.You can also obtain this information at no cost by calling our Service Office at (888) 695-4748, faxing us at (913) 906-4129 or emailing our Service Office at NYLAMN_Service@newyorklife.com.

**You may cancel your Policy within 10 days of receiving it without paying fees or penalties. In some states, this cancellation period may be longer. Upon cancellation, you will receive either the greater of a full refund of the total premium payments you paid with your application (less any Policy Debt or partial surrenders) or your Policy's total Cash Value (less Policy Debt). You should review the Prospectus, or consult your investment professional, for additional information about the specific cancellation terms that apply.**

Certain provisions of the Policy may differ from the general description in the prospectus due to state and other individual specific variations. For more information on material state variations, see the "State Variations" section of the Prospectus. All state variations will be included in your Policy, or in endorsements attached to your Policy. Please contact your registered representative or us for specific information that may be applicable to your state.

Additional information about certain investment products, including variable life insurance policies, has been prepared by the staff of the Securities and Exchange Commission ("SEC") and is available at www.investor.gov.

**The SEC has not approved or disapproved of this security or passed upon the accuracy or adequacy of this summary prospectus. Any representation to the contrary is a criminal offense.**

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**Table of Contents** 

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|:---|:---|
|  | **Page** |
| **[Glossary](#xx_bb8a0c14-6d78-40ea-948b-6ea0b6ddf196_1)** | &nbsp;&nbsp; 1<br>|
| **[Important Information You Should Consider About the Policy](#xx_6f44c833-ac52-49a4-bed1-bec7c8e8c933_1)** | &nbsp;&nbsp; 3<br>|
| **[Overview of the Policy](#xx_bf5592d3-2584-4d48-bcb4-c33e83df6bf4_1)** | &nbsp;&nbsp; 9<br>|
| **[Standard Death Benefits](#xx_bf5592d3-2584-4d48-bcb4-c33e83df6bf4_4)** | &nbsp;&nbsp; 12<br>|
| **[Other Benefits Available Under the Policy](#xx_bf5592d3-2584-4d48-bcb4-c33e83df6bf4_5)** | &nbsp;&nbsp; 13<br>|
| **[Buying the policy](#xx_bf5592d3-2584-4d48-bcb4-c33e83df6bf4_8)** | &nbsp;&nbsp; 16<br>|
| **[How Your Policy Can Lapse](#xx_bf5592d3-2584-4d48-bcb4-c33e83df6bf4_9)** | &nbsp;&nbsp; 17<br>|
| **[Making Withdrawals: Accessing The Money In Your Policy](#xx_bf5592d3-2584-4d48-bcb4-c33e83df6bf4_10)** | &nbsp;&nbsp; 18<br>|
| **[Additional Information About Fees](#xx_fc1b4b77-e2c3-44b2-af08-211bd3847da0_1)** | &nbsp;&nbsp; 19<br>|
| **[Appendix: Eligible Portfolios Available Under the Policy](#xx_98c47722-7156-41b9-b6a5-c4f126dae008_1)** | &nbsp;&nbsp; 23<br>|

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**Glossary**

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More detailed information concerning certain terms defined below is provided in "Definitions" in the Prospectus.

**Accumulation Value:** The aggregate value of your Policy's investment in the Investment Divisions.

**Alternative Cash Surrender Value ("ACSV"):** The Cash Surrender Value of the Policy plus the Cash Value Enhancement.

**Attained Age:** The Insured's Issue Age, plus the number of Policy Years completed since the Policy Date.

**Business Day:** Any day on which the New York Stock Exchange ("NYSE") is open for regular trading. Our Business Day ends at 4:00 p.m. Eastern Time or the closing of regular trading on the NYSE, if earlier.

**Cash Surrender Value:** The Cash Value less Policy Debt. See "Surrenders" in the Prospectus for more information.

**Cash Value:** The sum of (a) the Accumulation Value, (b) the value in the Fixed Account, and (c) the value in the Loan Account.

**Cash Value Enhancement ("CVE"):** The Cumulative Premium Expense Charge, multiplied by the applicable Cash Value Enhancement percentage shown on the Policy Data Pages and in "Description of the Policy—The Policy—Cash Value Enhancement" in the Prospectus.

**Eligible Portfolios:** The mutual fund portfolios that are available for investment through the Investment Divisions. See "Appendix—Eligible Portfolios Available Under the Policy" below. The Eligible Portfolios are portfolios of open-end management investment companies registered with the SEC.

**Face Amount:** The dollar amount of the life insurance under the Policy as selected by you. It may be changed by you. See "Definitions—Face Amount" and "Policy Payment Information—Changing the Face Amount of Your Policy" in the Prospectus for more information about the Face Amount.

**Fixed Account:** The investment option under your Policy that accrues interest at fixed rates on a daily basis. This rate can change, subject to the Guaranteed Minimum Interest Rate. Assets in the Fixed Account are part of NYLIAC's General Account. See "Management and Organization—The Fixed Account" and "—Interest Crediting" and "Description of the Policy—Investment Divisions and the Fixed Account—Amount in the Fixed Account" in the Prospectus for more information about the Fixed Account.

**Good Order:** A Notice, Request, or Policy transaction is in "Good Order" if it complies with our administrative procedures and the required information is complete and correct. We may delay our response to a Notice, Request, or Policy transaction if it is not in Good Order. For more information see "Definitions—Good Order" in the Prospectus.

**Investment Division:** A subaccount of NYLIAC Corporate Sponsored Variable Universal Separate Account-I, which is a segregated asset account of NYLIAC established to receive and invest net Premiums allocated to the Investment Divisions.

**IRC:** Internal Revenue Code of 1986, as amended.

**Issue Age:** Unless otherwise stated, the Insured's age on the birthday nearest the Policy Date, as shown on the Policy Data Pages.

**Late Period:** A period of 62 days after the Monthly Deduction Day when the Cash Surrender Value is less than the Monthly Deduction Charges for the next Policy Month.

**Life Insurance Benefit:** The benefit under the Life Insurance Benefit Option you have chosen. See "Standard Death Benefits" below for a description of the Life Insurance Benefit Options.

**Life Insurance Proceeds:** The amount we will pay to the beneficiary when we receive due proof in Good Order that the Insured died while the Policy is in effect. The Life Insurance Proceeds are equal to (1 + 2) – (3 + 4) where: (1) is the Life Insurance Benefit calculated under the Life Insurance Benefit Option you have chosen, valued as of the date of death; (2) is any additional death benefits available under any available riders, if elected; (3) is any Policy Debt; and (4) is any unpaid Monthly Deduction Charges.

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**Loan Account:** The account that holds a portion of Cash Value for the purpose of securing any Policy Debt. It is part of NYLIAC's General Account.

**Monthly Deduction Charges:** The charges deducted from your Policy Cash Value as of each Monthly Deduction Day, consisting of the Monthly Cost of Insurance Charge, Monthly Additional Flat Extras, Monthly M&E Charge, Monthly Contract Charge, Monthly Per Thousand Face Amount Charge, and any applicable monthly rider charges.

**Monthly Deduction Day:** The date of each month, specified on the Policy Data Pages, as of which we deduct the Monthly Deduction Charges from Cash Value. For more information, see "Definitions—Monthly Deduction Day" in the Prospectus.

**NYSE:** The New York Stock Exchange.

**PCO (Policy Charge Option):** The Policy charge option you may select at policy issue. For corporate-owned policies, there are five PCOs that may be selected—PCOs A - E. For individually-owned policies, only one PCO is available—PCO F. See "Important Information You Should Consider About the Policy—Fees and Expenses—Transaction Charges" below and "Charges Associated with the Policy—Policy Charge Options ("PCOs")" in the Prospectus for more details.

**Planned Premium:** The initial premium and the subsequent premium amounts in the amount and frequency you selected in the Policy application.

**Policy or CorpExec VUL Plus:** Your CorpExec VUL Plus variable universal life policy.

**Policy Anniversary:** The anniversary of the Policy Date specified on the Policy Data Pages. A Policy Anniversary starts a new Policy Year.

**Policy Data Pages:** The Policy pages that provide information regarding your Policy, such as Policy Face Amount, Premium payments, and Policy charges.

**Policy Date:** The date we use as the starting point for determining Policy Years and Monthly Deduction Days. Your Policy Date will be the same as the date on which we issue your Policy, unless you Request otherwise. Generally, you may not choose a Policy Date that is more than six months before the date of your Policy's issue. You can find your Policy Date on the Policy Data Pages.

**Policy Debt:** The amount of outstanding loan(s) under your Policy, plus accrued interest.

**Policy Month:** The monthly period beginning on each Monthly Deduction Day and extending to, but not including, the next Monthly Deduction Day.

**Policy Year:** The year from a Policy Anniversary to, but not including, the next Policy Anniversary. The first Policy Year begins on the Policy Date, and each twelve-month period thereafter.

**Premium:** A Planned Premium or an Unplanned Premium.

**Request:** A signed written request in Good Order received at our Service Office which gives us the facts that we need. When you write to us, please include the Policy number, the Insured's full name, and your current address.

**Sales Standards:** The criteria used to evaluate whether a recommended transaction, relating to your policy, complies with applicable standards of conduct.

**Target Premium:** An amount used to determine the Premium Expense Charge. See "Important Information You Should Consider About the Policy—Fees and Expenses—Transaction Charges" and "Definitions—Target Premium" in the Prospectus.

**Unplanned Premium:** Premium payments you make in addition to Planned Premium.

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

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**Fees and Expenses**<br>

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

**Please refer to your Policy Data Pages for information about the specific fees** <br> **you will pay each year based on the options you have selected.**<br>

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|:---|:---|
| **Transaction Charges** | We charge you a **Premium Expense Charge** on each Premium you pay up to <br> Attained Age 100, covering sales expense and federal and state premium tax <br> expenses. The amount of the **Premium Expense Charge** varies depending on the <br> Policy Charge Option ("PCO") that you select, the Policy Year in which the Premium is <br> paid, and whether or not the amount exceeds the Target Premium for your Policy. See <br> "Charges Associated with the Policy—Deductions from Premium Payments" in the <br> Prospectus for more information. The PCO is selected at Policy issue and may not be <br> changed once selected. Each PCO determines the amount, timing, and relative <br> allocation between and among the **Premium Expense Charges** and **Monthly** <br> **Mortality and Expense Charges** to your Policy and the current interest rate that will <br> be credited to the Fixed Account. For corporate-owned policies, there are five PCOs <br> that may be selected. For individually-owned policies, only one PCO is available. <br> Please refer to your Policy Data Pages for the specific Premium Expense Charges <br> applicable to your Policy.<br> We also may charge you a **Transfer Charge** on transfers among the investment <br> options under your Policy and a **Partial Surrender Processing Fee** on partial <br> surrenders. Currently, we are not imposing these charges. See "Additional Information <br> About Fees—Transaction Fees" below and "Charges Associated with the <br> Policy—Separate Account Charges—Fund Transfer Charge" and " —Partial <br> Surrender Processing Fee" in the Prospectus.<br> Finally, we reserve the right to charge a fee for returned payments, but we are not <br> currently charging it. |
| **Ongoing Fees and** <br> **Expenses**<br>| In addition to transaction charges, an investment in the Policy is subject to certain <br> ongoing fees and expenses which we deduct monthly, including **Cost of Insurance** <br> **Charges**, a **Flat Extras charge** (added to the Cost of Insurance Charge to cover <br> certain additional mortality risk), and a **Monthly Per Thousand Face Amount** <br> **Charge**. These charges may vary based on the characteristics of the Insured (e.g., <br> Issue Age, gender, underwriting class, Policy Year, and the Face Amount of your <br> Policy). See "Charges Associated with the Policy—Deductions from Cash <br> Value—Monthly Cost of Insurance Charge" and "—Monthly Per Thousand Face <br> Amount Charge" in the Prospectus.<br> We also charge a **Monthly Mortality and Expense Charge** ("Monthly M&E Charge") <br> and a **Monthly Contract Charge**. See "Charges Associated with the <br> Policy—Deductions From Cash Value—Monthly Mortality and Expense Charge" in the <br> Prospectus.<br> We will charge you interest if you take a Policy Loan. See "Charges Associated with <br> the Policy—Loan Charges" in the Prospectus <br> You will also bear expenses associated with the **Eligible Portfolios** available under <br> your Policy, as shown in the following table, which shows the minimum and maximum <br> total operating expenses deducted from the assets of the Eligible Portfolios (before <br> any fee waiver or expense reimbursement) during the year ended December 31, <br> 2025. (See "Appendix—Eligible Portfolios Available Under the Policy" for our list of <br> available Eligible Portfolios, the current expenses for these Portfolios, and the <br> Average Annual Total Returns). |

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|:---|:---|:---|
| **Annual Fee** | **Minimum** | **Maximum**  |
| Investment Options<br> (Eligible Portfolio fees <br> and expenses)<br>| 0.03% | 2.325% |

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

**Risks**<br>

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|:---|:---|
| **Risk of Loss** | You can lose money by investing in the Policy. See "Summary of Principal Risks of <br> Investment in the Policy—Investment Risk" in the Prospectus. <br>|
| **Not a Short-Term** <br> **Investment**<br>| The Policy is not a short-term investment and is not appropriate for an investor who <br> needs ready access to cash. It is designed to provide a life insurance benefit and to <br> help meet other long-term financial objectives. Substantial fees, expenses, and tax <br> consequences make variable life insurance inappropriate as a short-term savings <br> vehicle. Additionally, the Policy may limit your ability to withdraw a portion of the Cash <br> Value through partial surrenders or loans. See "Summary of Principal Risks of <br> Investment in the Policy—Investment Risk," "Loans," and "Surrenders—Partial <br> Surrenders—Amount Available for a Partial Surrender" in the Prospectus and <br> "Overview of the Policy—Liquidity Through Partial Surrenders and Loans" below.<br>|
| **Risks Associated with** <br> **Investment Options**<br>| An investment in the Policy is subject to the risk of poor investment performance and <br> can vary depending on the performance of the investment options you select. Each <br> investment option (including the Fixed Account) will have its own unique risks. The <br> performance of the Eligible Portfolios will vary, and some are riskier than others. <br> Accordingly, you should review the prospectuses of the Eligible Portfolios before <br> making an investment decision. A discussion of the risks of allocating your Premiums <br> or Cash Value to one or more Eligible Portfolios can be found in the prospectuses for <br> the Eligible Portfolios, which are available at https://dfinview.com/NewYorkLife/TAHD/<br> cevulplus. See also "Management and Organization—Funds and Eligible Portfolios," <br> "—The Fixed Account" and, "—Interest Crediting" in the Prospectus.<br>|
| **Insurance Company Risks** | An investment in the Policy is subject to the risks related to NYLIAC, including that <br> any obligations (including the Fixed Account), guarantees, or benefits under the <br> Policy are subject to the claims-paying ability and financial strength of NYLIAC. If <br> NYLIAC experiences financial distress, it may not be able to meet its obligations to <br> you. There are also risks relating to NYLIAC's administration of the Policy, including <br> cybersecurity and infectious disease outbreak risks. More information about NYLIAC, <br> including its claims-paying and financial strength ratings, is available upon request by <br> contacting our Service Office at (888) 906-4129, faxing us at (913) 906-4129, or <br> emailing us at NYLAMN_Service@newyorklife.com.<br>|

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| **Contract Lapse** | Your Policy can lapse even if you pay all of the Planned Premiums on time. When a <br> Policy lapses, it has no value, and no benefits are paid upon the death of the Insured. <br> You may also lose the principal invested. Your Policy will lapse if the Cash Surrender <br> Value is insufficient to cover the Monthly Deduction Charges and you do not pay <br> enough Premium to cover the overdue charges by the end of the Late Period under <br> your Policy. This can happen in a number of circumstances, including minimal <br> funding, partial surrenders, excessive policy loans and interest, Policy charges <br> (including increases in those charges), market fluctuations, and poor investment <br> return of the Eligible Portfolios you select. The larger a Policy loan becomes relative <br> to the Policy's Cash Value, the greater the risk that the Policy's Cash Surrender Value <br> will not be sufficient to support the Policy's charges and expenses, including any loan <br> interest payable, and the greater the risk of the Policy lapsing. A Policy lapse may <br> have tax consequences. A Policy that has a Cash Surrender Value just sufficient to <br> cover Monthly Deduction Charges and other deductions, or that is otherwise <br> minimally funded, is less likely to maintain its Cash Surrender Value due to market <br> fluctuations and other performance-related risks. To continue to keep your Policy in <br> force, Premium payments significantly higher than the Planned Premiums may be <br> required. In addition, by paying only the minimum Premium required to keep the <br> Policy in force, you may forego the opportunity to build up significant Cash Value in <br> the Policy. If the Policy lapses, there are costs and premium requirements associated <br> with reinstatement of the Policy. See "How Your Policy Can Lapse" below and <br> "Summary of Principal Risks of Investment in the Policy—Risk of Termination," <br> "Description of the Policy—Termination of the Policy," and "Termination and <br> Reinstatement—Late Period" in the Prospectus. In some states, the Policy's Late <br> Period and other lapse and reinstatement provisions may differ. For more information <br> on state variations, ask your registered representative or see "State Variations" in the <br> Prospectus.<br>|

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**Restrictions**<br>

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| **Investment Allocation** <br> **Options**<br>| Generally, you may allocate your net Premiums or Cash Value among 20 of the <br> Eligible Portfolios at any one time as well as to the Fixed Account. Certain Policies <br> associated with a nonqualified deferred compensation plan may permit allocation <br> among up to 35 Eligible Policies and the Fixed Account; please contact us for more <br> information. <br> Unless we agree otherwise, the minimum amount that may be transferred among the <br> Investment Divisions or to or from the Fixed Account at one time is $500 (or, if less, <br> the entire amount in that investment option). If, after a transfer, less than $500 would <br> remain in the relevant Investment Division or the Fixed Account, we may include the <br> remaining value in the transfer. See "Description of the Policy—Investment Divisions <br> and the Fixed Account—Transfers Among Investment Divisions and the Fixed <br> Account" in the Prospectus. <br> In addition, in order to prevent market timing, we may limit your ability to make <br> transfers involving the Investment Divisions if a transfer may disadvantage or <br> potentially hurt the rights of other policyowners. We also will reject or reverse a <br> transfer Request if any of the relevant Eligible Portfolios for any reason does not <br> accept the purchase of its shares. For more information about our rights to decline <br> transfers, see "Description of the Policy—Limits on Transfers" in the Prospectus. For <br> more information about the Eligible Portfolios' rights to refuse or restrict purchases <br> and redemptions of their shares, see https://dfinview.com/NewYorkLife/TAHD/<br> cevulplus. <br> NYLIAC reserves the right to remove or substitute Eligible Portfolios as investment <br> options or close investment options to new investment. See "Management and <br> Organization—Our Rights" in the Prospectus and "Appendix—Eligible Portfolios <br> Available Under the Policy" below for a list of available Eligible Portfolios in the <br> Prospectus. <br> In addition, NYLIAC has the right to establish limits on your ability to allocate net <br> Premiums, or to transfer all or part of the Cash Value from an Investment Division, to <br> the Fixed Account. These limits may include allowing no Premium allocations, or <br> transfers from the Investment Divisions, to the Fixed Account. See "Description of the <br> Policy—Investment Divisions and the Fixed Account—Amount in the Fixed Account" <br> and "—Transfers Among Investment Divisions and the Fixed Account" in the <br> Prospectus.<br>|
| **Optional Benefits** | You are required to have a minimum Cash Value to elect, or retain access to, certain <br> optional benefits.<br> We may modify or discontinue offering an optional benefit at any time.<br> Some optional benefits may not be used together.<br> We may change these restrictions in the future.<br> For more detailed information, see "Description of the Policy—Additional Benefits <br> Through Options Available at No Additional Charge" in the Prospectus.<br>|

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**Taxes**<br>

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| **Tax Implications** | You should consult with a tax professional to determine the tax implications of an <br> investment in and payments received under the Policy. For example, special rules <br> apply to employer-owned policies. The Policy may not be used with tax-qualified <br> plans or individual retirement accounts. Full and partial surrenders (including loans) <br> may be subject to ordinary income tax and, subject to certain exceptions, a 10% <br> percent penalty tax. See "Federal Income Tax Considerations" in the Prospectus for <br> more information about the tax consequences of the Policy. <br>|

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**Conflicts of Interest**<br>

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|:---|:---|
| **Investment Professional** <br> **Compensation**<br>| Selling broker-dealers and, in turn, their registered representatives, receive <br> compensation for selling the Policy. The compensation will consist of commissions, <br> asset-based compensation, expense allowances and/or other compensation <br> programs. NYLIAC also may enter into agreements with service entities, which may <br> be affiliated with broker-dealers, under which NYLIAC pays service fees or additional <br> compensation. See "Distribution and Compensation Arrangements" in the <br> Prospectus.<br> Your selection of a PCO will affect the level of compensation received by your selling <br> broker-dealer or registered representative, with greater compensation being <br> generated by PCOs with higher current Policy charges and lower current Fixed <br> Account crediting rates. These compensation arrangements have the potential to <br> influence the recommendations made by your investment professional with respect to <br> the PCO, which may, in turn, affect the performance of your Policy. These <br> compensation arrangements may also provide a financial incentive for these <br> investment professionals to recommend the Policy over other investments. See <br> "Important Information You Should Consider About the Policy—Fees and <br> Expenses—Transaction Charges" above and "Charges Associated with the <br> Policy—Policy Charge Options (PCOs)" and "—Factors to Consider in Selecting a <br> PCO" in the Prospectus.<br>|
| **Exchanges** | Some investment professionals may have a financial incentive to offer you a new <br> policy in place of one that you already own. You should only exchange your <br> CorpExec VUL Plus Policy if you determine, after comparing the features, fees, and <br> risks of both policies, that it is preferable for you to purchase the new policy rather <br> than continue to own your CorpExec VUL Plus Policy. <br> In addition, if you already own a life insurance policy, it may not be to your advantage <br> to replace that policy with CorpExec VUL Plus. If you are replacing your policy with <br> the CorpExec VUL Plus Policy, you should carefully consider the benefits, features, <br> fees, risks, and costs of this Policy versus those of the policy (or policies) being <br> replaced. In addition, it may not be to your advantage to borrow money to purchase a <br> CorpExec VUL Plus Policy or to take partial surrenders from another policy you own <br> to make Premium payments under this CorpExec VUL Plus Policy. You should <br> exchange an existing policy for the CorpExec VUL Plus only if you determine that it is <br> preferable for you to purchase a new policy rather than continue to own your existing <br> policy, after comparing the features, fees, and risks of both policies. See "Description <br> of the Policy—Tax-Free "Section 1035" Insurance Policy Exchanges" in the <br> Prospectus.<br>|

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**Overview of the Policy**

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***1.*** ***What is the Purpose of the Policy?***

CorpExec VUL Plus is offered by NYLIAC to companies and individual executives and other employees to fund employee benefit obligations as well as to provide life insurance coverage for executives and other employees in a corporate-sponsored arrangement. The Policy offers life insurance protection through a choice of Life Insurance Benefit options, provides for flexible premiums, where you decide the timing and amount of each payment, and the choice of PCOs. It also provides the potential to accumulate Cash Value and gives you the ability to access the Policy's Cash Surrender Value through loans and partial surrenders. It also provides the potential to accumulate Cash Value in the early Policy Years as well as to complement traditional sources of retirement income in the later years. This Policy, like other variable life insurance policies, is designed to provide a Life Insurance Benefit or to help meet other long-term financial objectives and is generally unsuitable for use as a short-term savings vehicle. The Policy may not be used in tax qualified employee benefit plans.

***2.*** ***What are the Premiums under the Policy?***

CorpExec VUL Plus is a flexible premium variable life insurance policy. "Flexible premium" means that you may decide the timing and amount of each Premium payment. Premium payments are not required, except for payment of the initial Premium. As long as the Cash Surrender Value is sufficient to cover the Policy's Monthly Deduction Charges, you can increase, decrease, or stop making Premium payments to meet your needs. However, if your Policy is underfunded or the Eligible Portfolios you select have poor investment performance, you may forego the opportunity to build up significant Cash Value or your Policy may lapse. When a Policy lapses, it has no value, and no benefits are paid upon the death of the insured. You may also lose the principal invested.

We may decline Premiums or require additional underwriting for Premiums that would increase your Policy's Life Insurance Benefit more than its Cash Value. You may not pay Premium in an amount that would jeopardize your Policy's status as a contract of life insurance under the IRC. See "Premiums" in the Prospectus for more information about Premium payments. You may not make Premium payments after the Policy Anniversary on which the Insured is Attained Age 100, except to keep the Policy from lapsing.

If, on a Monthly Deduction Day, your Cash Surrender Value is less than the Monthly Deduction Charges, your Policy will continue until the expiration of the Late Period. This may happen even if all the Planned Premiums have been paid. During this period, you will have the opportunity to pay any premium needed to cover any overdue charges. We will mail a notice to your last known address (as well as to the last known assignee, if any) stating this amount. We will mail these notices at least 31 days before the end of the Late Period. Your Policy will remain in effect during the Late Period. However, if we do not receive the required payment, postmarked by the end of the Late Period, we will terminate your Policy. See "Termination and Reinstatement—Late Period" in the Prospectus.

If your Policy has ended, you may Request that we reinstate your Policy (and any other benefits provided by riders in effect at the end of the Policy) as long as you send a Request for reinstatement within three years after your Policy is ended; the Insured is alive; and you have not surrendered your Policy for its full Cash Surrender Value or, if applicable, Alternative Cash Surrender Value. To reinstate the Policy, you must also make a payment sufficient to cover the Monthly Deduction Charges and any other Policy charges to keep the Policy in force for at least three months. This payment will be in lieu of the payment of all premiums in arrears. You may want to consider paying additional premium to protect against the impact of potential market fluctuations and performance-related risks on your Cash Value. If, at the time the Policy ended, an outstanding Policy loan was in effect, the Policy Debt at the time of lapse must also be repaid in full at the time of reinstatement. If the required payment is made within 31 days after the end of the Late Period, no proof of insurability is required. If the required payment is not made within 31 days after the end of the Late Period, a written application will be required and you must provide proof of insurability that is acceptable to us.

***3.*** ***How May Your Premiums be Allocated?***

You may allocate your Premiums (net of the Premium Expense Charge) to the Investment Divisions, each of which invests in an Eligible Portfolio, or to the Fixed Account. Generally, you may allocate your net Premiums among up to 20 of the Eligible Portfolios at any one time and the Fixed Account. Certain Policies associated with a nonqualified deferred compensation plan may permit allocation among up to 35 Eligible Portfolios and the Fixed Account; please

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contact us for more information. See "Important Information You Should Consider About the Policy—Restrictions—Investment Allocation Options" above and "Description of the Policy—Investment Divisions and the Fixed Account" and "Appendix—Eligible Portfolios Available Under the Policy" (for a list of available Eligible Portfolios) in the Prospectus for more information about allocation of your Premiums (net of the Premium Expense Charge) and Cash Value.

Each Eligible Portfolio has its own investment objective and investment strategy. The Eligible Portfolios available under the Policy span a broad range of asset classes and investment disciplines, including bond funds, equity funds, global bond and equity funds, target date funds, specialty funds, actively managed funds and index funds. **For more information about the Eligible Portfolios, see the Appendix below and the prospectuses for the Eligible Portfolios.**

***4.*** ***What are the Primary Features of the Policy?***

***Three Life Insurance Benefit Options***

We designed CorpExec VUL Plus to provide insurance protection for corporations or individuals in a corporate-sponsored arrangement. The Policy provides permanent life insurance coverage with the potential for tax-deferred Cash Value accumulation. The Policy offers three different Life Insurance Benefit options that allow you to select the insurance plan that best meets your needs. These options allow you to determine how the Life Insurance Benefit will be calculated.

&nbsp;&nbsp;&nbsp;&nbsp;● Option 1—a Life Insurance Benefit equal to the greater of (a) the Face Amount of the Policy or (b) a percentage of the sum of the ACSV, plus any Policy Debt necessary for the Policy to qualify as life insurance under Section 7702 of the IRC.

&nbsp;&nbsp;&nbsp;&nbsp;● Option 2—a Life Insurance Benefit equal to the greater of (a) the Face Amount of the Policy plus the sum of the ACSV plus any Policy Debt, or (b) a percentage of the sum of the ACSV plus any Policy Debt necessary for the Policy to qualify as life insurance under Section 7702 of the IRC.

&nbsp;&nbsp;&nbsp;&nbsp;● Option 3—a Life Insurance Benefit equal to the greater of (a) the Face Amount of the Policy plus the Adjusted Cumulative Premiums up to but not exceeding the maximum Option 3 amount listed on the Policy Data Pages or (b) a percentage of the sum of the ACSV plus any Policy Debt necessary for the Policy to qualify as life insurance under Section 7702 of the IRC.

If the Insured dies on or after the Policy Anniversary on which the Insured's Attained Age is 100, the Life Insurance Benefit will equal the Policy's Cash Value. There is no minimum Life Insurance Proceeds guarantee associated with the Policy.

***Policy Charge Options***

The Policy Charge Option you select gives you the ability to control how Policy charges will be deducted from your Premiums and Cash Value. There are five PCOs available under CorpExec VUL Plus (Options A through E). Each PCO determines the amount, timing and relative allocation between and among the Premium Expense Charges and the Monthly M&E Charges under your Policy and the current interest rate that will be credited to the Fixed Account. Selection of a PCO is important as differences between them may impact the Cash Value, ACSV, Cash Value Enhancement, and Life Insurance Proceeds that you will receive under the Policy. Generally, PCOs differ from each other by the level of current Policy charges or current Fixed Account crediting rates, how long those differences remain in effect, and how those crediting rates change over time. Individual policyowners will have the same current Premium Expense Charges, Monthly M&E Charges, and current interest rates credited to the Fixed Account as those offered under PCO Option A; however, they will be charged different Monthly Cost of Insurance Charges than those applied to corporate-owned policies. The PCO selected at Policy issue may not be changed.

Your choice of a PCO should be based on your plans with respect to the amount and schedule of Premiums paid, levels of risk tolerance (including whether you will allocate premiums to the Fixed Account), your time horizon, and whether a PCO's costs and benefits are consistent with the compensation received by your registered representative or broker-dealer and your desired level of Policy service. Please ask your registered representative to review your PCO options, and review several illustrations with different PCOs and rates of return before you purchase the Policy and select a PCO. See "Important Information You Should Consider About The Policy—Conflicts of

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Interest—Investment Professional Compensation" above; and "Charges Associated with the Policy—Policy Charge Options ("PCOs")," and "Distribution and Compensation Arrangements" in the Prospectus.

***Change the Amount of Coverage***

After the first Policy Year, you may request an increase or decrease in the Policy's Face Amount by sending a Request. The Face Amount of your Policy affects the Life Insurance Benefit to be paid. Increases in the Face Amount are subject to underwriting and our approval. They will result in additional Cost of Insurance charges and may affect the Policy's modified endowment contract status. Please see "Federal Income Tax Considerations—Modified Endowment Contract Status" in the Prospectus for more information on how a change in Face Amount may require a new determination as to whether your Policy is a modified endowment contract or otherwise affect the MEC status of your Policy.

***Cash Value***

The Cash Value of the Policy is based on the number of Accumulation Units held in each Investment Division for the Policy, plus any amount in the Fixed Account and the Loan Account. The Cash Value varies due to performance of the Investment Divisions selected and the interest credited to the Fixed Account, outstanding loans (including loan interest and any interest credited to the Loan Account), any charges we deduct and premium payments. With this Policy, you have the potential for higher rates of return and Cash Value accumulation than with a fixed rate life insurance policy.

We will pay you either the Cash Surrender Value or the ACSV if you surrender your Policy. The Cash Surrender Value is equal to the Cash Value, less any Policy Debt. The ACSV is equal to the Cash Surrender Value of the Policy plus the Cash Value Enhancement. You are eligible to receive the ACSV, provided the Policy has not been assigned, and, in most circumstances, if the owner has not been changed. If you are not eligible for the ACSV, we will pay you the Cash Surrender Value.

***Flexible Premium Payments***

Policy premium payments are flexible; you can select the timing and amount of premium you pay, within limits. Other than the initial minimum premium payment, there are no required premiums. As long as the Cash Surrender Value is sufficient to cover the Policy's monthly deductions, you can increase, decrease, or stop making premium payments to meet your needs.

***Liquidity through Partial Surrenders and Loans***

You may withdraw an amount up to the Cash Surrender Value of your Policy, within limits. Partial surrenders will reduce the Policy's Cash Value, the Cash Surrender Value, the ACSV, if applicable, and the Adjusted Cumulative Premiums, and may reduce your Life Insurance Benefit. If a partial surrender would reduce the Policy's Face Amount below our minimum amount, we reserve the right to require a full surrender. You should consult with a tax advisor before taking a partial surrender. Please see "Federal Income Tax Considerations—Modified Endowment Contract Status" and "—Policy Surrenders and Partial Surrenders" in the Prospectus for additional information regarding potential tax implications. Partial surrender Requests must be made to our Service Office and must be in Good Order. (See "Surrenders—Partial Surrenders" in the Prospectus.)

Using the Policy as sole security, you may also borrow any amount up to the Loan Value of the Policy. (See "Loans" in the Prospectus for more information.)

***Investment Allocation Options***

After we deduct the Premium Expense Charge from your premium, you may allocate the remaining amount among up to any 20 Investment Divisions, as well as to the Fixed Account, at any one time. Certain Policies may permit allocation among up to 35 Investment Divisions and the Fixed Account at any one time; please contact us for more information. The Investment Allocation Options consist of Investment Divisions and the Fixed Account. You may change Investment Allocation Options while your Policy is in force. See "Appendix—Eligible Portfolios Available Under the Policy" below for a listing and information about the Eligible Portfolios and the Investment Divisions corresponding to those Eligible Portfolios.

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***Automated Investment Features***

There are two administrative features available to help you manage the Policy's Cash Value and to adjust the investment allocation to suit changing needs. These features are: Automatic Asset Reallocation and Dollar-Cost Averaging. Please see "Description of the Policy—Additional Benefits Through Options Available at No Additional Charge" in the Prospectus for complete information.

***A Highly Rated Company***

NYLIAC is a subsidiary of New York Life Insurance Company ("NYLIC"). NYLIC has 180 years of experience in the offering of insurance products. NYLIAC is a highly-rated insurer. Ratings reflect only NYLIAC's General Account, which are applicable to the Fixed Account. Ratings are not applicable to the Investment Divisions, which are not guaranteed. NYLIAC's obligations under the Policy are subject to its claims-paying ability and financial strength and are not backed or guaranteed by NYLIC.

**Standard Death Benefits**

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**1.** **What are the Life Insurance Benefit Options under the Policy?**

The Policy offers three Life Insurance Benefit Options that allow you to select the insurance benefit that best meets your needs. The Option you choose determines how the Life Insurance Benefit will be calculated:

&nbsp;&nbsp;&nbsp;&nbsp;● Option 1—a Life Insurance Benefit equal to the greater of (a) the Face Amount of the Policy or (b) a percentage of the sum of the ACSV plus any Policy Debt necessary for the Policy to qualify as life insurance under Section 7702 of the IRC.

&nbsp;&nbsp;&nbsp;&nbsp;● Option 2—a Life Insurance Benefit equal to the greater of (a) the Face Amount of the Policy plus the sum of the ACSV plus any Policy Debt, or (b) a percentage of the sum of the ACSV plus any Policy Debt necessary for the Policy to qualify as life insurance under Section 7702 of the IRC.

&nbsp;&nbsp;&nbsp;&nbsp;● Option 3—a Life Insurance Benefit equal to the greater of (a) the Face Amount of the Policy plus the Adjusted Cumulative Premiums up to but not exceeding the maximum Option 3 amount listed on the Policy Data Pages or (b) a percentage of the sum of the ACSV plus any Policy Debt necessary for the Policy to qualify as life insurance under Section 7702 of the IRC.

You may change your Life Insurance Benefit Option while the Insured is alive, subject to certain conditions and our approval. Also, changes to Life Insurance Benefit Option 3 are prohibited. For more information on changing your Policy's Life Insurance Benefit Option, see "Policy Payment Information—Changing Your Life Insurance Benefit Option" in the Prospectus.

**If the Insured dies on or after the Policy Anniversary on which the Insured's Attained Age is 100, the Life Insurance Benefit will equal the Policy's Cash Value.**

There is no minimum Life Insurance Proceeds guarantee associated with the Policy. See "Policy Payment Options—Life Insurance Benefit Options," for more information about the standard life insurance benefit under the Policy.

**2.** **When Does Life Insurance Coverage Start Under the Policy?**

Life insurance coverage will begin on the later of the Policy Date (which generally is the date of issue of your Policy) or the date we receive your first Planned Premium payment in Good Order. See "Policy Payment Information—When Life Insurance Coverage Begins" in the Prospectus.

**3.** **When Do You Pay Life Insurance Proceeds? What is the Amount of Those Proceeds? How Are They Paid?**

We will pay Life Insurance Proceeds to your beneficiary when we receive satisfactory proof that the Insured died while the Policy was in effect. The death benefit proceeds will equal:

1) the Life Insurance Benefit calculated under the Life Insurance Benefit Option you have chosen, valued as of the date of death;

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plus 2) any additional death benefits available under any available riders, if elected;

less 3) any Policy Debt; and

less 4) any unpaid Monthly Deduction Charges.

We will pay interest on these proceeds from the date the Insured died until the date we pay the proceeds. We will pay these proceeds in a lump sum. See "Policy Payment Information—When We Pay Policy Proceeds" in the Prospectus for more information as to when we might delay payment of Life Insurance Benefit proceeds.

**4.** **May You Change the Face Amount of Your Policy?**

You may increase or decrease the Face Amount of your Policy on or after the first Policy Anniversary, subject to the minimum amount limitations and minimum Face Amount increase and decrease amounts shown in the Policy Data Pages. You should consider the consequences of an increase or decrease in the Face Amount of your Policy as discussed in the Prospectus prior to taking such action. For more information, see "Policy Payment Information—Changing the Face Amount of Your Policy" in the Prospectus.

**Other Benefits Available Under the Policy**

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The Policy offers additional benefits that may be selected at no Additional Charge which are summarized in the Table and described in further detail in the Prospectus.

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| **Name of**<br> **Benefit**<br>| **Purpose** | **Is this Benefit**<br> **Standard or Optional?**<br>| **Brief Description of**<br> **Restrictions/**<br> **Limitations**<br>|
| **Dollar-Cost** <br> **Averaging (DCA)**<br>| DCA is a systematic method <br> of investing that allows you <br> to purchase shares of the <br> Investment Divisions at <br> regular intervals in fixed <br> dollar amounts so that the <br> cost of your shares is <br> averaged over time and over <br> various market cycles. There <br> is no charge for electing <br> DCA.<br>| Optional | &nbsp;&nbsp;&nbsp; To set up DCA, in addition to <br> sending a completed DCA <br> form to our Service Office in <br> Good Order, you must <br> specify:<br>•the dollar amount you want <br> to have transferred <br> (minimum transfer $100);<br>•the Investment Division <br> from which you want to <br> transfer money;<br>•the Investment Division(s) <br> and/or Fixed Account to <br> which you want to transfer <br> money;<br>•the date on which you want <br> the transfers to be made, <br> within limits; and<br>•how often you would like <br> the transfers made, either <br> monthly, quarterly, <br> semi-annually, or annually.<br> You may not make DCA <br> transfers from the Fixed <br> Account, but you may <br> make DCA transfers into <br> the Fixed Account, subject <br> to any limits specified in <br> the section, "Description of <br> the Policy—Investment <br> Divisions and the Fixed <br>|

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|:---|:---|:---|:---|
| **Name of**<br> **Benefit**<br>| **Purpose** | **Is this Benefit**<br> **Standard or Optional?**<br>| **Brief Description of**<br> **Restrictions/**<br> **Limitations**<br>|
|  |  |  | &nbsp;&nbsp;&nbsp; Account—Transfers Among <br> Investment Divisions and <br> the Fixed Account" in the <br> Prospectus.<br> You may elect this option if <br> your Cash Value is $2,500 <br> or more. We will suspend <br> this option automatically if <br> the Cash Value is less than <br> $2,000 on a transfer date. <br> Once the Cash Value <br> equals or exceeds $2,000, <br> the DCA transfers will <br> resume automatically as <br> last requested.<br> You cannot elect Automatic <br> Asset Reallocation if you <br> have chosen DCA. <br> However, you have the <br> option of alternating <br> between these two Policy <br> options.<br>|
| **Automatic Asset** <br> **Reallocation (AAR)**<br>| If you choose this option, we <br> will reallocate your assets <br> automatically on a schedule <br> you select among the <br> Investment Divisions to <br> maintain a predetermined <br> percentage invested in the <br> Investment Division(s) you <br> have selected. For example, <br> you could specify that 50% of <br> the amount you have in the <br> Investment Divisions of the <br> Separate Account be <br> allocated to one Investment <br> Division, while the other 50% <br> be allocated to another <br> Investment Division. Over <br> time, however, performance <br> variations in each of these <br> Investment Divisions would <br> cause this balance to shift. <br> There is no charge for <br> electing AAR.<br>| Optional | &nbsp;&nbsp;&nbsp; •Values in the Fixed <br> Account are excluded from <br> AAR.<br>•Your AAR will be cancelled <br> if a premium allocation <br> change or Investment <br> Division transfer is <br> submitted on your behalf <br> and the AAR is not also <br> modified at the time to be <br> consistent with your <br> Investment Division <br> transfer and premium <br> allocation changes.<br>•You may elect this option if <br> your Cash Value in your <br> Separate Account is <br> $2,500 or more. We will <br> suspend this option <br> automatically if your Cash <br> Value in the Separate <br> Account is less than <br> $2,000 on a reallocation <br> date. Once your Cash <br> Value in the Separate <br> Account equals or exceeds <br> this amount, AAR will <br> resume automatically as <br> scheduled.<br>|

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|:---|:---|:---|:---|
| **Name of**<br> **Benefit**<br>| **Purpose** | **Is this Benefit**<br> **Standard or Optional?**<br>| **Brief Description of**<br> **Restrictions/**<br> **Limitations**<br>|
|  |  |  | &nbsp;&nbsp;&nbsp; •You cannot elect AAR if <br> you have chosen DCA. <br> However, you have the <br> option of alternating <br> between these two Policy <br> options.<br>|
| **Loans** | You may borrow any amount <br> up to the Loan Value of the <br> Policy. The value in the Loan <br> Account will never be less <br> than (a + b) – c, where: a = <br> the amount in the Loan <br> Account on the prior Policy <br> Anniversary; b = the amount <br> of any loan taken since the <br> prior Policy Anniversary; and <br> c = any loan amount repaid <br> since the prior Policy <br> Anniversary.<br>| Optional | &nbsp;&nbsp;&nbsp; •Loan requests are subject <br> to the Minimum <br> Redemption amount of <br> $500 per Investment <br> Division<br>•When you take a loan <br> against your Policy, the <br> loaned amount that we <br> hold in the Loan Account is <br> charged an Effective <br> Annual Loan Interest Rate <br> of 5.00%. The maximum <br> loan interest rate that we <br> will charge is 8.00%.<br>•When you take a loan <br> against your Policy, the <br> loaned amount that we <br> hold in the Loan Account <br> may also earn interest. <br> These rates may be <br> different from those we <br> charge you for loan <br> interest. They are not <br> guaranteed, and we can <br> change them at any time <br> subject to the minimums <br> described above.<br> (See "Charges Associated <br> with the Policy—Loan <br> Charges"; "Loans", and <br> "Loans—Interest Credited <br> on the Cash Value Held as <br> Collateral for a Policy <br> Loan" in the Prospectus; <br> and "Table of Fees and <br> Expenses—Periodic <br> Charges Other than Annual <br> Fund Expenses—Loan <br> Interest" below for more <br> information.) <br>|

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**Buying the policy**

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**1.** **How is the Policy Available?**

The Policy is available only as a "non-qualified policy." This means that the Policy is not available for use in connection with certain employee retirement plans that qualify for special treatment under the federal tax law. The minimum Face Amount of a Policy is $25,000. The policyowner may increase the Face Amount, subject to our underwriting rules in effect at the time of the Request. The Insured may not be older than age 85 as of the policy date. Before issuing any Policy (or increasing its Face Amount), the policyowner must give us satisfactory evidence of insurability.

We may issue the Policy based on underwriting rules and procedures, which are based on NYLIAC's eligibility standards. These may include guaranteed issue and full medical underwriting. Under certain arrangements, if our procedures permit guaranteed issue underwriting, the cost of insurance rates are higher for healthy individuals when this method of underwriting is used than under a substantially similar policy that is issued based on full medical underwriting. Therefore, Insureds in good health may be able to obtain coverage more economically under a policy that requires full medical underwriting. Full medical underwriting is available only for corporate-owned Policies.

We may issue the Policy on a unisex basis in certain states or where applicable. For policies issued on a unisex basis, the policyowner should disregard any reference in this prospectus that makes a distinction based on the gender of the Insured.

**2.** **What are the Premiums for the Policy?**

Once you have purchased your Policy, you can make Premium payments as often as you like and for any amount you choose, within limits. Premiums, after deduction of the Premium Expense Charge, are allocated to the Eligible Portfolios and/or the Fixed Account as you select. Other than the initial Premium, there are no required Premium payments. However, you may need to make additional Premium payments to keep your Policy from lapsing. (See "How Your Policy Can Lapse," below.) The currently available methods of payments are direct payments to NYLIAC and any other method to which we agree. Premium payments are classified as Planned or Unplanned Premiums. See "Premiums" in the Prospectus, for more information.

**3.** **What are Planned Premiums?**

When you apply for your Policy, you select a Premium payment schedule, which indicates the amount and frequency of Premium payments you intend to make, subject to the limits that we may set. The Premium amount you select for this schedule is called your "Planned Premium." It is shown on your application. Factors that should be considered in determining your Premium payment are: age, underwriting class, gender, Policy Face Amount, Investment Division performance, and loans. You may make Planned Premium payments at any time up to the Policy Anniversary on which the Insured's Attained Age is 100. Payment of Planned Premiums does not guarantee that your Policy will remain in force. See "Premiums—Planned Premiums" in the Prospectus.

**4.** **What are Unplanned Premiums?**

An Unplanned Premium is a payment you make that is not part of the Premium schedule you choose. The minimum Unplanned Premium amount we allow is $50. You may make up to 12 Unplanned Premium payments in a Policy Year. You may make Unplanned Premium payments at any time before the Policy Anniversary on which the Insured's Attained Age is 100. Unplanned Premium payments may only be made after the Attained Age 100 Policy Anniversary in order to keep the Policy from lapsing. Any payment not specifically designated as a Planned Premium payment or a loan repayment will be credited to your Policy as an Unplanned Premium. See "Premiums—Unplanned Premiums" in the Prospectus.

**5.** **What are the Limits on Planned and Unplanned Premiums?**

If payment of a Planned or an Unplanned Premium would result in an increase in the Life Insurance Benefit greater than the increase in the ACSV plus Policy Debt, we may: (1) refuse it; or (2) require proof of insurability before accepting that payment and applying it to your Policy. If we require such proof, we will require a written application and will make it part of your Policy.

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No Premium payment, Planned or Unplanned, may be in an amount that would jeopardize the Policy's qualification as life insurance under Section 7702 of the IRC. See "Premiums—Planned Premiums" and "—Unplanned Premiums" in the Prospectus, for more information on limits on Premium payments.

**How Your Policy Can Lapse**

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**1.** **Can Your Policy Lapse?**

If, on a Monthly Deduction Day, your Cash Surrender Value is less than the Monthly Deduction Charges, your Policy will continue until the end of the Late Period. This may happen even if all the Planned Premiums have been paid. During the Late Period, you may pay any Premium needed to cover any overdue charges. We will mail a notice to your last known address stating this amount. We will send a copy to the last known assignee, if any, on our records. We will mail these notices at least 31 days before the end of the Late Period. Your Policy will remain in effect during the Late Period. However, if we do not receive the required payment postmarked by the end of the Late Period, we will terminate your Policy. In the event of termination, you will not receive the Cash Value, Cash Surrender Value, ACSV, Life Insurance Benefit, or any other Policy benefits. No new loans or partial surrenders may be taken during the Late Period.

If the Insured dies during the Late Period, we will pay the Life Insurance Proceeds to the beneficiary. We will reduce the Life Insurance Benefit by the amount of any Policy Debt and by any unpaid Monthly Deduction Charges for the full Policy Month(s) that run from the beginning of the Late Period through the end of the Policy Month in which the Insured dies. See "Termination and Reinstatement—Late Period" in the Prospectus for more information about Policy lapse. In some states, the Policy's Late Period and other lapse and reinstatement provisions may differ. For more information on state variations, ask your representative or see "State Variations" in the Prospectus.

**2.** **Can You Reinstate Your Policy After Lapse?**

If your Policy has lapsed, you may ask us to reinstate your Policy (and any other benefits provided by riders in effect at the end of the Policy) if all of these conditions are met:

&nbsp;&nbsp;&nbsp;&nbsp;● you send a Request for reinstatement within three years after your Policy is ended;

&nbsp;&nbsp;&nbsp;&nbsp;● the Insured is alive;

&nbsp;&nbsp;&nbsp;&nbsp;● you have not surrendered your Policy for its full Cash Surrender Value or, if applicable, ACSV.

To reinstate your Policy, you must pay us an amount sufficient to cover the Monthly Deduction Charges and any other Policy charges to keep the Policy in force for at least three months. This payment will be in lieu of the payment of all Premiums in arrears. You may want to consider paying additional Premium to protect against the impact of potential market fluctuations and performance-related risks on your Cash Value. If, at the time your Policy ended, an outstanding Policy loan was in effect, You also must repay in full the Policy Debt at the time of lapse.

If the required payment is made within 31 days after the end of the Late Period, no proof of insurability is required. If the required payment is not made within 31 days after the end of the Late Period, a written application will be required and you must provide proof of insurability that is acceptable to us.

The effective date of the reinstatement will be the Monthly Deduction Day on or following the date we approve the Request for reinstatement. New contestability and suicide periods will apply from the effective date of reinstatement.

We will apply your payment to the Investment Allocation Options as of the Business Day we receive it or, if we receive it after the close of the NYSE or on a day that is not a Business Day, as of the next Business Day. The Cash Value that will be reinstated is equal to the Cash Value (if any) at the time of lapse. Upon reinstatement of the Policy, the Cash Value Enhancement will not be reinstated and, as a result, the ACSV will be the same as the Cash Surrender Value. See "Termination and Reinstatement—Reinstatement Option" in the Prospectus for more information on reinstatement.

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**Making Withdrawals: Accessing The Money In Your Policy**

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**1.** **How Can You Surrender Your Policy?**

You may surrender your Policy by sending a Request to our Service Office by mail, fax, or email. See "Surrenders—Full Surrenders—Requesting a Surrender" in the Prospectus.

Upon surrender, you will receive the Cash Surrender Value or, during the first ten Policy Years, the ACSV if applicable. The ACSV includes all or a portion of the cumulative Premium Expense Charges previously assessed, with the percentage returned declining to zero at the end of the tenth Policy Year, as shown in a table in the Policy Data Pages of your Policy. A benefit of the ACSV to a corporate Policy owner is to allow the Policies in the early Policy Years to more closely track the corporate liability that the Policies are intended to off-set. The ACSV may not achieve its intended goal. You are not eligible to receive the ACSV in certain circumstances if the Policy is assigned or there is a change of Policy ownership. The ACSV is not available to support Monthly Deduction Charges or for purposes of a loan or partial surrender. For more detail concerning the ACSV, see "Description of the Policy—The Policy—Alternative Cash Surrender Value" and "Cash Value Enhancement" in the Prospectus.

**2.** **How are Your Surrender Proceeds Calculated?**

We will calculate the Cash Surrender Value or ACSV as of the date on which we receive your Request, together with your Policy, unless a later effective date is selected. If the day we receive your Request is not a Business Day or if your Request is received after the close of the NYSE, the requested surrender will be effective on the next Business Day on which the NYSE is open. See "Surrenders—Full Surrenders" in the Prospectus.

**3.** **What is the Effect of a Full Surrender?**

All insurance will end on the date we receive your Request for full cash surrender at our Service Office. In addition, a surrender may result in taxable income and a 10% penalty tax may apply. See "Surrenders—Full Surrenders—When the Surrender is Effective" in the Prospectus.

**4.** **How Can You Withdraw Part of the Cash Value of Your Policy?**

While the Insured is living, you may withdraw part of the Cash Value of your Policy by requesting a partial surrender from your Policy. You may send a Request for a partial surrender to our Service Center by mail, fax or email using the contact information on the cover page of this Summary Prospectus. The amount requested must be at least $500 and may not exceed the Cash Surrender Value of your Policy. You may not take a partial surrender that would cause your Policy to fail to qualify as life insurance under IRC Section 7702. If a partial surrender would reduce your Policy's Face Amount below $25,000, we may require a full surrender. We reserve the right to deduct a fee, not to exceed $25, for processing your partial surrender Request, but we are not currently charging it. See "Surrenders—Partial Surrenders—Amount Available for a Partial Surrender" and "—Requesting a Partial Surrender" in the Prospectus.

**5.** **How are You Surrender Proceeds Calculated?**

We process a partial surrender as of the Business Day we receive your Request. If we receive your Request after the NYSE is closed for trading or on a day the NYSE is not open for trading, we will process your Request on the next Business Day.

A partial surrender may reduce the Face Amount of your Policy, if your Policy has Life Insurance Benefit Option 1 or 3. See "Surrenders—Partial Surrenders—The Effect of a Partial Surrender" in the Prospectus for more information on how a partial surrender may reduce your Face Amount.

**6.** **When Will We Pay You the Proceeds of Your Full Surrender or Partial Surrender?**

Generally, we will mail the proceeds of full surrenders and partial surrenders in one lump sum within seven days after the effective date. However, in certain circumstances as permitted or required by law we may delay payment for a further period. See "Policy Payment Information—When We Pay Policy Proceeds" in the Prospectus for more detail as to the circumstances in which we may delay payment.

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**Additional Information About Fees**

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**The following tables describe the fees and expenses that you will pay when buying, owning, and surrendering (either full or partial surrenders) from the Policy. Please refer to your Policy Data Pages for information about the specific fees you will pay each year based on the options you have selected.**

**This first table describes the fees and expenses that you will pay when you purchase the Policy, make a Premium payment, surrender the Policy, take a partial surrender from the Policy, or transfer Cash Value among investment options. For corporate-owned Policies, there are five PCOs that may be selected—PCOs A - E. For individually-owned Policies, only one PCO is available—PCO F.** 

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Transaction Fees** | **Transaction Fees** | **Transaction Fees** | **Transaction Fees** | **Transaction Fees** | **Transaction Fees** | **Transaction Fees** |
| **Charge** | **Charge** | **Charge** | **When Charge Is Deducted** | **When Charge Is Deducted** | **Amount Deducted** | **Amount Deducted** |
| Premium Expense Charge <br> (for Premiums paid up to and including the <br> Target Premium) | Premium Expense Charge <br> (for Premiums paid up to and including the <br> Target Premium) | Premium Expense Charge <br> (for Premiums paid up to and including the <br> Target Premium) | When Premium payment is <br> applied up to Attained Age100 | When Premium payment is <br> applied up to Attained Age100 | <u>Guaranteed Maximum</u>: 19.00% <br> of Premiums paid<sup>1</sup> <br><u>Current</u>: listed below for each <br> PCO of Premiums paid | <u>Guaranteed Maximum</u>: 19.00% <br> of Premiums paid<sup>1</sup> <br><u>Current</u>: listed below for each <br> PCO of Premiums paid |
| **Policy Years** | **PCO A** | **PCO B** | **PCO C** | **PCO D** | **PCO E** | **PCO F** <br> **(Individual** <br> **Charge** <br> **Option)**<br>|
| **1** | 15.25% | 12.25% | 9.25% | 6.25% | 3.25% | 15.25% |
| **2-5** | 11.25% | 9.25% | 7.25% | 5.25% | 3.25% | 11.25% |
| **6-7** | 4.25% | 4.00% | 3.75% | 3.50% | 3.25% | 4.25% |
| **8+** | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
| Premium Expense Charge (for premiums paid <br> over the Target Premium) | Premium Expense Charge (for premiums paid <br> over the Target Premium) | Premium Expense Charge (for premiums paid <br> over the Target Premium) | When Premium payment is <br> applied up to Attained Age 100 | When Premium payment is <br> applied up to Attained Age 100 | <u>Guaranteed Maximum</u>: 6.25% <br> of Premiums paid for all PCOs<br> <u>Current:</u> 3.50% of Premiums <br> paid for PCOs A, B, C, D, and F. <br> 2.50% of premiums paid for <br> PCO E<sup>2</sup>  | <u>Guaranteed Maximum</u>: 6.25% <br> of Premiums paid for all PCOs<br> <u>Current:</u> 3.50% of Premiums <br> paid for PCOs A, B, C, D, and F. <br> 2.50% of premiums paid for <br> PCO E<sup>2</sup>  |
| Transfer Charge | Transfer Charge | Transfer Charge | At time of transfer | At time of transfer | <u>Guaranteed Maximu</u>m: $100 <br> per transfer after 12 transfers in <br> a Policy Year<br> <u>Current</u>: None | <u>Guaranteed Maximu</u>m: $100 <br> per transfer after 12 transfers in <br> a Policy Year<br> <u>Current</u>: None |
| Partial Surrender Processing Fee | Partial Surrender Processing Fee | Partial Surrender Processing Fee | At time of partial surrender | At time of partial surrender | <u>Guaranteed Maximum</u>: $25<br> <u>Current</u>: $0 | <u>Guaranteed Maximum</u>: $25<br> <u>Current</u>: $0 |
| Charge for Returned Payment | Charge for Returned Payment | Charge for Returned Payment | At the time of transaction | At the time of transaction | <u>Guaranteed: Maximum</u>: $100<br> <u>Current</u>: $0 | <u>Guaranteed: Maximum</u>: $100<br> <u>Current</u>: $0 |

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For all PCOs, the Guaranteed Maximum Premium Expense Charges for premiums paid up to and including the Target Premium are reduced to 15.0% in Policy Years 2-7 and 8.25% in Policy Years 8 and beyond.

For all PCOs, the current Premium Expense Charge for premiums paid over the Target Premium is reduced to 2.50% in Policy Years 8 and beyond.

**The table below describes the fees and expenses that you will pay periodically during the time that you own the Policy, not including the Eligible Portfolios' fees and expenses. For corporate-owned Policies, there are five PCOs that may be selected—PCOs A - E. For individually-owned Policies, only one PCO is available—PCO F.** 

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| | | |
|:---|:---|:---|
| **Periodic Charges Other Than Annual Fund Expenses** | **Periodic Charges Other Than Annual Fund Expenses** | **Periodic Charges Other Than Annual Fund Expenses** |
| **Charge** | **When Charge Is Deducted** | **Amount Deducted** |
| Cost of Insurance Charge<sup>1, 2</sup>  | Each Monthly Deduction Day <br> until Attained Age100 | <u>Guaranteed Maximum</u>: $83.33 <br> per $1,000 of Net Amount at <br> Risk<br> <u>Guaranteed Minimum</u>: $0.03 <br> per $1,000 of Net Amount at <br> Risk<br> <u>Guaranteed Maximum Charge</u> <br> <u>for Representative Insured</u> <br> <u>(Male, Age 45, Non-Smoker,</u> <br> <u>Guaranteed Issue) in first</u> <br> <u>Policy Year</u> <u>under</u> <br> <u>corporate-owned Policies</u>: <br> $0.21 per $1,000 of Net <br> Amount at Risk<br> <u>Guaranteed Maximum Charge</u> <br> <u>for Representative Insured</u> <br> <u>(Male, Age 45, Non-Smoker,</u> <br> <u>Guaranteed Issue) in first</u> <br> <u>Policy Year under</u> <br> <u>individually-owned Policies</u>: <br> $0.21 per $1,000 of Net <br> Amount at Risk<br> <u>Current Charge for</u> <br> <u>Representative Insured in first</u> <br> <u>Policy Year under</u> <br> <u>corporate-owned Policies</u>: <br> $0.03 per $1,000 of Net <br> Amount at Risk<br> <u>Current Charge for</u> <br> <u>Representative Insured (Male,</u> <br> <u>Age 45, Non-Smoker,</u> <br> <u>Guaranteed Issue) in first</u> <br> <u>Policy Year under</u> <br> <u>individually-owned Policies:</u> <br> $0.04 per $1,000 of Net <br> Amount at Risk |
| Contract Charge | Each Monthly Deduction Day | <u>Guaranteed Maximum</u>: $15.00<br> <u>Current</u>: $5.00, except $0.00 in <br> Policy Year 1 |
| Mortality and Expense Risk Charge as a % of <br> Accumulation Value (annual rates) | Each Monthly Deduction Day | <u>Guaranteed Maximum</u>: An <br> annual rate of 0.90% applied to <br> the Accumulation Value<br> <u>Current</u>: See chart below for <br> the current annual rates <br> applied to the Accumulation <br> Value<sup>3</sup>  |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Periodic Charges Other Than Annual Fund Expenses** | **Periodic Charges Other Than Annual Fund Expenses** | **Periodic Charges Other Than Annual Fund Expenses** | **Periodic Charges Other Than Annual Fund Expenses** | **Periodic Charges Other Than Annual Fund Expenses** | **Periodic Charges Other Than Annual Fund Expenses** | **Periodic Charges Other Than Annual Fund Expenses** |
| **Charge** | **Charge** | **Charge** | **When Charge Is Deducted** | **When Charge Is Deducted** | **Amount Deducted** | **Amount Deducted** |
| **Policy Years** | **PCO A** | **PCO B** | **PCO C** | **PCO D** | **PCO E** | **PCO F** <br> **(Individual** <br> **Charge** <br> **Option)**<br>|
| **1-15** | 0.53% | 0.35% | 0.15% | 0.10% | 0.34% | 0. 53% |
| **16-20** | 0.53% | 0.35% | 0.15% | 0.10% | 0.15% | 0. 53% |
| **21-25** | 0.53% | 0.15% | 0.15% | 0.10% | 0.15% | 0. 53% |
| **26 +** | 0.15% | 0.15% | 0.15% | 0.10% | 0.15% | 0. 15% |
| Per Thousand Face Amount Charge<sup>4</sup>  | Per Thousand Face Amount Charge<sup>4</sup>  | Per Thousand Face Amount Charge<sup>4</sup>  | Each Monthly Deduction Day | Each Monthly Deduction Day | <u>Guaranteed Maximum</u><sup>5</sup>: 0.60% <br> of the Face Amount divided by <br> 1,000<br> <u>Guaranteed Maximum Charge</u> <br> <u>for Representative Insured</u> <br> <u>(Male, Age 45, Non-Smoker,</u> <br> <u>Guaranteed Issue)</u>: 0.60%<br> <u>Current:</u> <br> If the Insured's Issue Age is 39 <br> or less, 0.18% of the Face <br> Amount divided by 1,000<br> If the Insured's Issue Age is 40 <br> or greater, 0.28% of the Face <br> Amount divided by 1,000<br> <u>Current Charge for</u> <br> <u>Representative Insured (Male,</u> <br> <u>Age 45, Non-Smoker,</u> <br> <u>Guaranteed Issue):</u> 0%<sup>6</sup>  | <u>Guaranteed Maximum</u><sup>5</sup>: 0.60% <br> of the Face Amount divided by <br> 1,000<br> <u>Guaranteed Maximum Charge</u> <br> <u>for Representative Insured</u> <br> <u>(Male, Age 45, Non-Smoker,</u> <br> <u>Guaranteed Issue)</u>: 0.60%<br> <u>Current:</u> <br> If the Insured's Issue Age is 39 <br> or less, 0.18% of the Face <br> Amount divided by 1,000<br> If the Insured's Issue Age is 40 <br> or greater, 0.28% of the Face <br> Amount divided by 1,000<br> <u>Current Charge for</u> <br> <u>Representative Insured (Male,</u> <br> <u>Age 45, Non-Smoker,</u> <br> <u>Guaranteed Issue):</u> 0%<sup>6</sup>  |
| Loan Interest | Loan Interest | Loan Interest | Monthly while loan balance is <br> outstanding | Monthly while loan balance is <br> outstanding | <u>Guaranteed Maximum</u>: 8.00% <br> per year. <br> <u>Current</u>: 5.00% per year. | <u>Guaranteed Maximum</u>: 8.00% <br> per year. <br> <u>Current</u>: 5.00% per year. |

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This charge varies based on characteristics of the Insured and the charge shown may not be representative of the charge you will pay. This charge may also vary based upon the state in which your Policy is issued (For more information about state variations, please see the section in the Prospectus on "State Variations."). To obtain more information about particular Monthly Cost of Insurance Charges and other charges as they apply to your Policy, please contact your registered representative.

The current Cost of Insurance Charge shown here does not reflect any applicable Monthly Additional Flat Extra charge, which we may impose based on our underwriting. If a Monthly Additional Flat Extra is imposed, it will be stated separately on the Policy Data Pages for your Policy. However, your total current Cost of Insurance Charge plus your Monthly Additional Flat Extra Charge will never exceed the Guaranteed Maximum Cost of Insurance Charge listed in the table above. For more information on Monthly Additional Flat Extra charges, see the sections in the Prospectus on "Definitions—Monthly Additional Flat Extras" and "Charges Associated with the Policy—Deductions from Cash Value—Monthly Cost of Insurance Charge."

We may increase or decrease the current Monthly M&E Charge for all PCOs if the mortality risk profile of policyowners changes, or if a change in law, regulation, or administrative interpretation thereof affects our cost of doing business including, without limitation, a change that eliminates a tax benefit or deduction that increases our after-tax cost of doing business, or if our costs of doing business change for any other reason. We will notify policyowners at least 30 days before the change by prospectus supplement and letter.

Based on class of risk, gender, and Issue Age. Current charge may change but will not exceed the maximum stated above. The charge on any increase in Face Amount will be based on class of risk, gender and Issue Age at the time of the change.

Guaranteed charge applies to Smoker and Non-Smoker.

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The charge for a Male, Age 45, Smoker, Guaranteed Issue is 0.06%.

***Annual Eligible Portfolio Expenses***

**The next table shows the minimum and maximum total operating expenses deducted from Eligible Portfolios' assets during the year ended December 31, 2025. Eligible Portfolio expenses may change from year to year, and hence, may be higher or lower in the future. You may pay these expenses periodically during the time that you own the Policy. A complete list of the Eligible Portfolios available under the Policy, including information concerning each Portfolio's annual fees and expenses, is contained in an Appendix at the back of this prospectus.** 

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| | | |
|:---|:---|:---|
| **Annual Fund Expenses**<sup>1</sup> | **Minimum** | **Maximum** |
| (expenses that are deducted from Eligible Portfolio assets, including <br> management fees, distribution (12b-1) fees, and other expenses<sup>1</sup>)<br>|  |  |
| Before fee waivers and expense reimbursements<sup>2</sup> <br>| 0.03% | 2.325% |
| After fee waivers and expense reimbursements | 0.03% | 2.325% |

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Expenses that are deducted from Eligible Portfolio assets, including management fees, distribution (12b-1) fees, and other expenses. Expressed as a percentage of average net assets for the fiscal year ended December 31, 2025. The information is based on 2025 expenses, and it may reflect estimated charges.

Fee waivers and expense reimbursements are generally expected to continue through April 30, 2027 and may be terminated at any time at the option of the Fund.

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

The following is a list of Eligible Portfolios available under the Policy as of the date of this Prospectus. Generally, you may allocate your net Premiums or Cash Value among up to 20 of the Eligible Portfolios at any one time as well as to the Fixed Account. Certain Policies associated with a nonqualified deferred compensation plan may permit allocation among up to 35 Investment Divisions and the Fixed Account. More information about the Eligible Portfolios is available in the prospectuses for the Eligible Portfolios, which may be amended from time to time and can be found online at https://dfinview.com/NewYorkLife/TAHD/cevulplus. You can also request this information at no cost by calling our Service Office at (888) 695-4748, faxing us at (913) 906-4129, or emailing us at NYLAMN_Service@newyorklife.com.

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

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** |
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Large Cap Equity  | NYLIM VP American Century Large <br> Cap Equity (formerly NYLI VP <br> American Century Sustainable <br> Equity)–Initial Class<br>*Adviser: New York Life Investment* <br> *Management LLC ("New York Life* <br> *Investments") / Sub-Adviser: American* <br> *Century Investment Management, Inc.* <br> *("ACIM")* <br>| 0.68% | 11.34% | 13.96% | 11.86% |
| Investment Grade Bond | NYLIM VP Bond (formerly NYLI VP <br> Bond)–Initial Class <br>*Adviser: New York Life Investments /* <br> *Sub-Adviser: NYL Investors LLC* <br> *("NYLI")* <br>| 0.55% | 6.83% | (0.63%) | 1.96% |
| Large Cap Equity | NYLIM VP Dimensional U.S. Equity <br> (formerly NYLI VP Dimensional U.S. <br> Equity)–Initial Class <br>*Adviser: New York Life Investments /* <br> *Sub-Adviser: Dimensional Fund* <br> *Advisors LP ("DFA")*<br>| 0.54% | 13.75% | 12.39% | 12.68% |
| Sector | NYLIM VP Fidelity Institutional AM<sup>®</sup> <br> Utilities (formerly NYLI VP Fidelity <br> Institutional AM<sup>®</sup> Utilities)–Initial Class <br>*Adviser: New York Life Investments /* <br> *Sub-Adviser: FIAM LLC*<br>| 0.68% | 13.79% | 12.34% | 10.97% |
| Non-Investment Grade Bond | NYLIM VP Floating Rate (formerly <br> NYLI VP Floating Rate)–Initial Class <br>*Adviser: New York Life Investments /* <br> *Sub-Adviser: NYLI*<br>| 0.64% | 5.13% | 5.43% | 5.01% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** |
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Alternatives | NYLIM VP Hedge Multi-Strategy <br> (formerly NYLI VP Hedge <br> Multi-Strategy)–Initial Class<br>*Adviser: New York Life Investments* <br>| 1.01% | 8.05% | 2.92% | 2.07% |
| Asset Allocation | NYLIM VP Income Builder (formerly <br> NYLI VP Income Builder)–Initial Class <br>*Adviser: New York Life Investments /* <br> *Sub-Advisers: Epoch Investment* <br> *Partners, Inc. and MacKay Shields LLC* <br> *("MacKay")*<br>| 0.63% | 16.99% | 6.56% | 7.40% |
| Asset Allocation | NYLIM VP Janus Henderson Balanced <br> (formerly NYLI VP Janus Henderson <br> Balanced)–Initial Class<br>*Adviser: New York Life Investments /* <br> *Sub-Adviser: Janus Henderson* <br> *Investors US LLC ("Janus")*<br>| 0.58% | 15.05% | 8.58% | 10.19% |
| Non-Investment Grade Bond | NYLIM VP MacKay Convertible <br> (formerly NYLI VP MacKay <br> Convertible)–Initial Class<br>*Adviser: New York Life Investments /* <br> *Sub-Adviser: MacKay*<br>| 0.59% | 16.40% | 5.60% | 10.38% |
| Non-Investment Grade Bond | NYLIM VP MacKay High Yield <br> Corporate Bond (formerly NYLI VP <br> MacKay High Yield Corporate <br> Bond)–Initial Class<br>*Adviser: New York Life Investments /* <br> *Sub-Adviser: MacKay*<br>| 0.59% | 6.87% | 4.44% | 6.14% |
| Investment Grade Bond | NYLIM VP MacKay U.S. Infrastructure <br> Bond (formerly NYLI VP MacKay U.S. <br> Infrastructure Bond)–Initial Class <br>*Adviser: New York Life Investments /* <br> *Sub-Adviser: MacKay*<br>| 0.57% | 8.44% | 0.10% | 1.38% |
| Sector | NYLIM VP Natural Resources (formerly <br> NYLI VP Natural Resources)–Initial <br> Class<br>*Adviser: New York Life Investments /* <br> *Sub-Adviser: Newton Investment* <br> *Management North America, LLC* <br> *("NIMNA")*<br>| 0.85% | 15.20% | 17.27% | 10.88% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** |
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| International/Global Equity | NYLIM VP PineStone International <br> Equity (formerly NYLI VP PineStone <br> International Equity)–Initial Class <br>*Adviser: New York Life Investments /* <br> *Sub-Adviser: PineStone Asset* <br> *Management Inc.*<br>| 0.86% | 12.29% | 0.20% | 5.44% |
| Small/Mid Cap Equity | NYLIM VP Schroders Mid Cap <br> Opportunities (formerly NYLI VP <br> Schroders Mid Cap <br> Opportunities)–Initial Class <br>*Adviser: New York Life Investments /* <br> *Sub-Adviser: Schroder Investment* <br> *Management North America Inc.*<br>| 0.83% | 7.27% | 5.05% | 7.39% |
| Money Market | NYLIM VP U.S. Government Money <br> Market (formerly NYLI VP U.S. <br> Government Money Market)–Initial <br> Class<br>*Adviser: New York Life Investments /* <br> *Sub-Adviser: NYLI*<br>| 0.28% | 4.05% | 3.02% | 1.89% |
| Small/Mid Cap Equity | NYLIM VP Wellington Small Cap <br> (formerly NYLI VP Wellington Small <br> Cap)–Initial Class <br>*Adviser: New York Life Investments /* <br> *Sub-Adviser: Wellington Management* <br> *Company LLP*<br>| 0.75% | 9.53% | 5.93% | 7.41% |
| Large Cap Equity | NYLIM VP Winslow Large Cap Growth <br> (formerly NYLI VP Winslow Large Cap <br> Growth)–Initial Class<br>*Adviser: New York Life Investments /* <br> *Sub-Adviser: Winslow Capital* <br> *Management, LLC*<br>| 0.75% | 14.35% | 12.69% | 16.14% |
| Small/Mid Cap Equity | AB VPS Discovery Value <br> Portfolio–Class A<br>*Adviser: AllianceBernstein L.P. ("AB")*<br>| 0.82% | 2.89% | 8.75% | 8.55% |
| Large Cap Equity | AB VPS Large Cap Growth <br> Portfolio–Class A<br>*Adviser: AB*<br>| 0.65% | 13.13% | 12.04% | 16.17% |
| Large Cap Equity | AB VPS Relative Value Portfolio–Class <br> A<br>*Adviser: AB*<br>| 0.60% | 10.47% | 11.42% | 10.57% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** |
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Small/Mid Cap Equity | AB VPS Small Cap Growth <br> Portfolio–Class A<br>*Adviser: AB*<br>| 0.90% | 4.80% | (0.44%) | 11.26% |
| Small/Mid Cap Equity | Alger Small Cap Growth <br> Portfolio–Class I-2 Shares<br>*Adviser: Fred Alger Management, LLC* <br> *(Weatherbie Capital, LLC)*<br>| 0.97% | 5.91% | (4.93%) | 8.83% |
| Asset Allocation | American Funds<sup>®</sup> IS American Funds <br> Global Balanced Fund–Class 1<br>*Adviser: Capital Research and* <br> *Management Company*<sup>SM</sup> *("CRMC")*<br>| 0.51% | 17.42% | 6.37% | 7.96% |
| Asset Allocation | American Funds<sup>®</sup> IS Asset Allocation <br> Fund–Class 1<br>*Adviser: CRMC*<br>| 0.29% | 16.16% | 9.24% | 10.05% |
| Investment Grade Bond | American Funds<sup>®</sup> IS The Bond Fund of <br> America<sup>®</sup>–Class 1<br>*Adviser: CRMC*<br>| 0.22% | 7.40% | 0.10% | 2.61% |
| Investment Grade Bond | American Funds<sup>®</sup> IS Capital World <br> Bond Fund<sup>®</sup>–Class 1<br>*Adviser: CRMC*<br>| 0.48% | 9.55% | (2.27%) | 1.47% |
| International/Global Equity | American Funds<sup>®</sup> IS EUPAC Fund<sup>™</sup> <br> (formerly American Funds<sup>®</sup> IS <br> International Fund)–Class 1<br>*Adviser: CRMC*<br>| 0.47% | 27.04% | 3.66% | 7.26% |
| International/Global Equity | American Funds<sup>®</sup> IS Global Growth <br> Fund–Class 1<br>*Adviser: CRMC*<br>| 0.40% | 21.98% | 8.51% | 12.46% |
| Large Cap Equity | American Funds<sup>®</sup> IS Growth <br> Fund–Class 1<br>*Adviser: CRMC*<br>| 0.33% | 20.54% | 13.66% | 18.26% |
| Large Cap Equity | American Funds<sup>®</sup> IS Growth-Income <br> Fund–Class 1<br>*Adviser: CRMC*<br>| 0.28% | 18.37% | 14.19% | 14.20% |
| International/Global Equity | American Funds<sup>®</sup> IS New World <br> Fund<sup>®</sup>–Class 1<br>*Adviser: CRMC*<br>| 0.57% | 28.60% | 5.59% | 9.53% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** |
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| International/Global Equity | American Funds<sup>®</sup> IS SMALLCAP World <br> Fund<sup>®</sup> (formerly American Funds<sup>®</sup> IS <br> Global Small Capitalization <br> Fund)–Class 1<br>*Adviser: CRMC*<br>| 0.65% | 14.89% | 0.73% | 7.50% |
| Investment Grade Bond | American Funds<sup>®</sup> IS U.S. Government <br> Securities Fund<sup>®</sup>–Class 1<br>*Adviser: CRMC*<br>| 0.25% | 8.01% | 0.01% | 1.95% |
| Large Cap Equity | American Funds<sup>®</sup> IS Washington <br> Mutual Investors Fund–Class 1<br>*Adviser: CRMC*<br>| 0.25% | 17.50% | 14.17% | 12.65% |
| Asset Allocation | BlackRock<sup>®</sup> Global Allocation V.I. <br> Fund–Class I<br>*Adviser: BlackRock Advisors, LLC* <br> *("BlackRock") / Sub-Advisers:* <br> *BlackRock (Singapore) Limited and* <br> *BlackRock International Limited*<br>| 0.76% | 19.80% | 5.79% | 7.59% |
| Non-Investment Grade Bond | BlackRock<sup>®</sup> High Yield V.I. Fund–Class <br> I<br>*Adviser: BlackRock / Sub-Adviser:* <br> *BlackRock International Limited*<br>| 0.54% | 9.19% | 4.79% | 6.31% |
| Large Cap Equity | BNY Mellon Sustainable U.S. Equity <br> Portfolio–Initial Shares <br>*Adviser: BNY Mellon Investment* <br> *Adviser, Inc. / Sub-Advisers: NIMNA* <br> *and Newton Investment Management* <br> *Limited* <br>| 0.66% | 15.97% | 11.93% | 13.56% |
| Small/Mid Cap Equity | ClearBridge Variable Small Cap Growth <br> Portfolio–Class I<br> *Adviser: Franklin Templeton Fund* <br> *Adviser, LLC ("FTFA") / Sub-Adviser:* <br> *ClearBridge Investments, LLC* <br> *("ClearBridge")*<br>| 0.81% | 9.23% | (0.17%) | 9.38% |
| Large Cap Equity  | Columbia Variable Portfolio–Disciplined <br> Core Fund–Class 1<br>*Adviser: Columbia Management* <br> *Investment Advisers, LLC ("Columbia") /* <br> *Sub-Adviser: Threadneedle* <br> *International Limited*<br>| 0.67% | 26.06% | 14.06% | 12.15% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** |
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Non-Investment Grade Bond | Columbia Variable Portfolio–Emerging <br> Markets Bond Fund–Class 1<br>*Adviser: Columbia*<br>| 0.75% | 12.78% | 1.70% | 4.28% |
| Investment Grade Bond | Columbia Variable <br> Portfolio–Intermediate Bond <br> Fund–Class 1<br>*Adviser: Columbia*<br>| 0.52% | 9.06% | (0.43%) | 2.77% |
| Small/Mid Cap Equity | Columbia Variable Portfolio–Small <br> Company Growth Fund–Class 1<br> *Adviser: Columbia*<br>| 0.87% | 21.69% | 3.59% | 15.19% |
| Non-Investment Grade Bond  | Columbia Variable Portfolio–Strategic <br> Income Fund–Class 1<br>*Adviser: Columbia*<br>| 0.69% | 7.21% | 4.28% | 5.85% |
| Investment Grade Bond  | Dimensional VA Global Bond Portfolio<br>*Adviser: DFA / Sub-Advisers:* <br> *Dimensional Fund Advisors Ltd. ("DFA* <br> *Ltd.") and DFA Australia Limited* <br> *("DFAA")*<br>| 0.21% | 4.35% | 1.38% | 1.81% |
| Asset Allocation | Dimensional VA Global Moderate <br> Allocation Portfolio<br>*Adviser: DFA*<br>| 0.28% | 14.68% | 8.42% | 8.65% |
| International/Global Equity | Dimensional VA International Small <br> Portfolio<br>*Adviser: DFA / Sub-Advisers: DFA Ltd.* <br> *and DFAA*<br>| 0.39% | 36.99% | 8.89% | 8.68% |
| International/Global Equity | Dimensional VA International Value <br> Portfolio<br>*Adviser:* DFA */ Sub-Advisers: DFA Ltd.* <br> *and DFAA*<br>| 0.27% | 45.64% | 15.85% | 10.46% |
| Large Cap Equity | Dimensional VA U.S. Large Value <br> Portfolio<br>*Adviser: DFA*<br>| 0.21% | 15.83% | 11.97% | 10.51% |
| Small/Mid Cap Equity | Dimensional VA U.S. Targeted Value <br> Portfolio<br>*Adviser: DFA*<br>| 0.29% | 8.95% | 13.60% | 11.00% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** |
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Investment Grade Bond | Dimensional VIT Inflation-Protected <br> Securities Portfolio<br>*Adviser: DFA / Sub-Advisers: DFA Ltd.* <br> *and DFAA*<br>| 0.11% | 7.55% | 1.05% | 3.12% |
| Alternatives | DWS Alternative Asset Allocation <br> VIP–Class A<br>*Adviser: DWS Investment Management* <br> *Americas Inc. ("DIMA") / Sub-Adviser:* <br> *RREEF Americas LLC*<br>| 0.93% | 10.50% | 5.29% | 4.89% |
| Small/Mid Cap Equity | DWS Small Cap Index VIP–Class A<br>*Adviser: DIMA / Sub-Adviser: Northern* <br> *Trust Investments, Inc.*<br>| 0.37% | 12.64% | 5.84% | 9.33% |
| Asset Allocation | Fidelity<sup>®</sup> VIP Balanced Portfolio–Initial <br> Class<br>*Adviser: Fidelity Management &* <br> *Research Company LLC ("FMR") /* <br> *Sub-Advisers: Other investment* <br> *advisers*<br>| 0.41% | 15.25% | 9.52% | 11.13% |
| Investment Grade Bond  | Fidelity<sup>®</sup> VIP Bond Index Portfolio–Initial <br> Class<br>*Adviser: FMR / Sub-Advisers: FMR* <br> *Investment Management (UK) Limited* <br> *and other investment advisers*<br>| 0.14% | 6.98% | (0.57%) | N/A |
| International/Global Equity | Fidelity<sup>®</sup> VIP Emerging Markets <br> Portfolio–Initial Class<br>*Adviser: FMR / Sub-Advisers: FMR* <br> *Co., Inc., an affiliate of FMR ("FMRC")* <br> *and other investment advisers*<br>| 0.87% | 41.20% | 5.88% | 10.93% |
| Small/Mid Cap Equity | Fidelity<sup>®</sup> VIP Extended Market Index <br> Portfolio–Initial Class<br>*Adviser: FMR / Sub-Advisers: Geode* <br> *Capital Management, LLC ("Geode")* <br> *and FMRC* <br>| 0.12% | 12.32% | 8.02% | N/A |
| Non-Investment Grade Bond | Fidelity<sup>®</sup> VIP Floating Rate High Income <br> Portfolio–Initial Class<br>*Adviser: FMR / Sub-Advisers: FMR* <br> *Investment Management (UK) Limited* <br> *and other investment advisers*<br>| 0.73% | 5.33% | 6.06% | 5.44% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** |
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Asset Allocation | Fidelity<sup>®</sup> VIP Freedom 2020 <br> Portfolio<sup>SM</sup>–Initial Class<br>*Adviser: FMR*<br>| 0.44% | 13.33% | 4.84% | 7.38% |
| Asset Allocation | Fidelity<sup>®</sup> VIP Freedom 2025 <br> Portfolio<sup>SM</sup>–Initial Class<br>*Adviser: FMR*<br>| 0.46% | 14.59% | 5.52% | 8.02% |
| Asset Allocation | Fidelity<sup>®</sup> VIP Freedom 2030 <br> Portfolio<sup>SM</sup>–Initial Class<br>*Adviser: FMR*<br>| 0.49% | 15.52% | 6.25% | 8.88% |
| Asset Allocation | Fidelity<sup>®</sup> VIP Freedom 2035 <br> Portfolio<sup>SM</sup>–Initial Class<br>*Adviser: FMR*<br>| 0.53% | 16.69% | 7.55% | 10.00% |
| Asset Allocation | Fidelity<sup>®</sup> VIP Freedom 2040 <br> Portfolio<sup>SM</sup>–Initial Class<br>*Adviser: FMR*<br>| 0.57% | 18.79% | 9.01% | 10.87% |
| Asset Allocation | Fidelity<sup>®</sup> VIP Freedom 2045 <br> Portfolio<sup>SM</sup>–Initial Class<br>*Adviser: FMR*<br>| 0.60% | 19.83% | 9.44% | 11.09% |
| Asset Allocation | Fidelity<sup>®</sup> VIP Freedom 2050 <br> Portfolio<sup>SM</sup>–Initial Class<br>*Adviser: FMR*<br>| 0.60% | 19.79% | 9.43% | 11.08% |
| Asset Allocation | Fidelity<sup>®</sup> VIP Freedom 2055 <br> Portfolio<sup>SM</sup>–Initial Class<br>*Adviser: FMR*<br>| 0.61% | 13.80% | 9.32% | N/A |
| Asset Allocation | Fidelity<sup>®</sup> VIP Freedom 2060 <br> Portfolio<sup>SM</sup>–Initial Class<br>*Adviser: FMR*<br>| 0.60% | 19.85% | 9.43% | N/A |
| Asset Allocation | Fidelity<sup>®</sup> VIP Freedom 2065 <br> Portfolio<sup>SM</sup>–Initial Class<br>*Adviser: FMR*<br>| 0.60% | 19.86% | 9.43% | N/A |
| Money Market | Fidelity<sup>®</sup> VIP Government Money <br> Market Portfolio–Initial Class<br>*Adviser: FMR / Sub-Advisers: Other* <br> *investment advisers*<br>| 0.25% | 4.13% | 3.10% | 2.03% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** |
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Large Cap Equity | Fidelity<sup>®</sup> VIP Growth Opportunities <br> Portfolio–Initial Class<br>*Adviser: FMR / Sub-Advisers: Other* <br> *investment advisers*<br>| 0.56% | 22.02% | 11.31% | 19.94% |
| Large Cap Equity | Fidelity<sup>®</sup> VIP Growth Portfolio—Initial <br> Class<br>*Adviser: FMR / Sub-Advisers: FMRC* <br> *and other investment advisers* <br>| 0.55% | 14.92% | 13.70% | 17.45% |
| Sector | Fidelity<sup>®</sup> VIP Health Care <br> Portfolio–Initial Class<br>*Adviser: FMR / Sub-Advisers: Other* <br> *investment advisers*<br>| 0.59% | 14.39% | 4.18% | 8.75% |
| Large Cap Equity | Fidelity<sup>®</sup> VIP Index 500 Portfolio–Initial <br> Class+<br>*Adviser: FMR / Sub-Adviser: Geode* <br>| 0.09% | 17.78% | 14.31% | 14.70% |
| International/Global Equity | Fidelity<sup>®</sup> VIP International Capital <br> Appreciation Portfolio–Initial Class<br>*Adviser: FMR / Sub-Advisers: Other* <br> *investment advisers*<br>| 0.78% | 18.69% | 6.26% | 9.81% |
| International/Global Equity | Fidelity<sup>®</sup> VIP International Index <br> Portfolio–Initial Class<br>*Adviser: FMR / Sub-Adviser: Geode*<br>| 0.16% | 33.15% | 8.02% | N/A |
| Investment Grade Bond | Fidelity<sup>®</sup> VIP Investment Grade Bond <br> Portfolio–Initial Class<br>*Adviser: FMR / Sub-Advisers: FMR* <br> *Investment Management (UK) Limited* <br> *and other investment advisers*<br>| 0.37% | 7.22% | 0.06% | 2.71% |
| Small/Mid Cap Equity | Fidelity<sup>®</sup> VIP Mid Cap Portfolio–Initial <br> Class<br>*Adviser: FMR / Sub-Advisers: Other* <br> *investment advisers*<br>| 0.55% | 11.75% | 10.10% | 10.59% |
| Non-Investment Grade Bond  | Fidelity<sup>®</sup> VIP Strategic Income <br> Portfolio–Initial Class<br>*Adviser: FMR / Sub-Advisers: Other* <br> *investment advisers*<br>| 0.63% | 8.85% | 3.07% | 4.66% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** |
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Sector | Fidelity<sup>®</sup> VIP Technology <br> Portfolio–Initial Class<br>*Adviser: FMR / Sub-Advisers: Other* <br> *investment advisers*<br>| 0.56% | 23.86% | 16.83% | 23.76% |
| Large Cap Equity | Fidelity<sup>®</sup> VIP Total Market Index <br> Portfolio–Initial Class<br>*Adviser: FMR / Sub-Adviser: Geode* <br>| 0.11% | 17.11% | 13.14% | N/A |
| Sector | Franklin Gold and Precious Metals VIP <br> Fund—Class 1<br>*Adviser: Franklin Advisers, Inc. ("FAV")*<br>| 0.70% | N/A | N/A | N/A |
| International/Global Equity | Goldman Sachs VIT International <br> Equity Insights Fund—Institutional <br>Class<br>*Adviser: Goldman Sachs Asset* <br> *Management, L.P.* <br>| 0.80% | 6.12% | 5.46% | 4.88% |
| Investment Grade Bond  | Invesco V.I. Core Plus Bond <br> Fund–Series I Shares<br>*Adviser: Invesco Advisers, Inc.* <br> *("Invesco")*<br>| 0.62% | 7.09% | (0.11%) | 2.99% |
| Small/Mid Cap Equity | Invesco V.I. Main Street Small Cap <br> Fund<sup>®</sup>–Series I Shares<br>*Adviser: Invesco* <br>| 0.84% | 8.70% | 8.34% | 10.59% |
| Small/Mid Cap Equity | Janus Henderson Enterprise <br> Portfolio–Institutional Shares<br>*Adviser: Janus*<br>| 0.72% | 7.67% | 7.62% | 12.79% |
| Investment Grade Bond | Lord Abbett Series Fund, Inc.—Short <br> Duration Income Portfolio—Class I <br> *Adviser: Lord, Abbett & Co. LLC* <br>| 0.47% | N/A | N/A | N/A |
| Investment Grade Bond | LVIP American Century Inflation <br> Protection Fund–Standard Class II <br>*Adviser: ACIM*<br>| 0.47% | 1.82% | 1.47% | 1.98% |
| Small/Mid Cap Equity | LVIP American Century Mid Cap Value <br> Fund–Standard Class II<br>*Adviser: ACIM*<br>| 0.86% | 8.73% | 7.29% | 8.03% |
| Large Cap Equity | LVIP American Century Value <br> Fund–Standard Class II <br>*Adviser: ACIM* <br>| 0.71% | 9.48% | 8.59% | 8.18% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** |
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Large Cap Equity | LVIP BlackRock Equity Dividend <br> Fund–Standard Class <br>*Adviser: LFIC / Sub-Adviser:* <br> *BlackRock Investment Management,* <br> *LLC*<br>| 0.66% | 7.18% | 5.69% | 7.18% |
| Large Cap Equity | LVIP ClearBridge Appreciation <br> Fund–Standard Class (formerly <br> ClearBridge Variable Appreciation <br> Portfolio–Class I)<br>*Adviser: LFIC / Sub-Adviser:* <br> *ClearBridge*<br>| 0.70% | 14.50% | 12.72% | 13.34% |
| Large Cap Equity | LVIP ClearBridge Large Cap Growth <br> Fund–Standard Class (formerly <br> ClearBridge Variable Large Cap Growth <br> Portfolio–Class I) <br> *Adviser: LFIC / Sub-Adviser:* <br> *ClearBridge* <br>| 0.74% | 8.62% | 10.57% | N/A |
| International/Global Equity | LVIP Franklin Templeton Multi-Factor <br> Emerging Markets Equity <br> Fund–Standard Class<br>*Adviser: LFIC / Sub-Adviser: FAV*<br>| 0.46% | 8.90% | 3.36% | 2.82% |
| International/Global Equity | LVIP Franklin Templeton Multi-Factor <br> International Equity Fund–Standard <br> Class<br>*Adviser: LFIC / Sub-Adviser: FAV*<br>| 0.40% | 3.76% | 4.48% | 4.69% |
| Investment Grade Bond | LVIP JPMorgan Short Duration Bond <br> Fund–Standard Class <br>*Adviser: LFIC / Sub-Adviser: J.P.* <br> *Morgan Investment Management Inc.* <br> *("JPMIM")*<br>| 0.47% | 4.30% | 1.70% | 1.89% |
| International/Global Equity | LVIP Mondrian International Value <br> Fund–Standard Class<br>*Adviser: LFIC / Sub-Adviser: Mondrian* <br> *Investment Partners Limited*<br>| 0.74% | 4.70% | 3.48% | 4.20% |
| International/Global Equity | LVIP SSgA Emerging Markets Equity <br> Index Fund–Standard Class<br>*Adviser: LFIC / Sub-Adviser: SSgA* <br> *Funds Management, Inc. ("SSGA FM")*<br>| 0.50% | 6.80% | 0.75% | N/A |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** |
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| International/Global Equity | LVIP SSgA International Index <br> Fund–Standard Class<br>*Adviser: LFIC / Sub-Adviser: SSGA FM*<br>| 0.38% | 3.22% | 4.49% | 4.98% |
| International/Global Equity | MFS<sup>®</sup> Global Growth Portfolio–Initial <br> Class<br>*Adviser: Massachusetts Financial* <br> *Services Company ("MFS")*<br>| 0.90% | 13.59% | 5.72% | 8.91% |
| Sector | MFS<sup>®</sup> Global Real Estate <br> Portfolio–Initial Class<br>*Adviser: MFS*<br>| 0.90% | 3.53% | 1.32% | 5.01% |
| Asset Allocation | MFS<sup>®</sup> Global Tactical Allocation <br> Portfolio–Initial Class<br>*Adviser: MFS*<br>| 0.78% | 15.48% | 4.86% | 5.67% |
| International/Global Equity | MFS<sup>®</sup> International Growth <br> Portfolio–Initial Class<br>*Adviser: MFS*<br>| 0.88% | 21.12% | 7.07% | 9.88% |
| International/Global Equity | MFS<sup>®</sup> International Intrinsic Equity <br> Portfolio (formerly MFS<sup>®</sup> International <br> Intrinsic Value Portfolio)–Initial Class<br>*Adviser: MFS*<br>| 0.89% | 33.26% | 7.28% | 9.95% |
| Small/Mid Cap Equity | MFS<sup>®</sup> Mid Cap Growth Series–Initial <br> Class<br>*Adviser: MFS*<br>| 0.81% | 3.66% | 3.26% | 11.60% |
| Small/Mid Cap Equity | MFS<sup>®</sup> Mid Cap Value Portfolio–Initial <br> Class<br>*Adviser: MFS*<br>| 0.79% | 5.98% | 10.18% | 9.95% |
| Small/Mid Cap Equity | MFS<sup>®</sup> New Discovery Value <br> Portfolio–Initial Class<br>*Adviser: MFS*<br>| 0.88% | 12.76% | (0.28%) | 10.74% |
| International/Global Equity | MFS<sup>®</sup> Research International <br> Portfolio–Initial Class<br>*Adviser: MFS*<br>| 0.90% | 22.05% | 5.51% | 7.54% |
| Large Cap Equity | MFS<sup>®</sup> Value Series–Initial Class<br>*Adviser: MFS*<br>| 0.69% | 13.01% | 9.95% | 10.05% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** |
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| International/Global Equity | Nomura VIP Emerging Markets Series <br> (formerly Macquarie VIP Emerging <br> Markets Series)–Standard Class <br>*Adviser: Delaware Management* <br> *Company, a series of Nomura* <br> *Investment Management Business* <br> *Trust ("DMC")* <br>| 1.16% | 81.26% | 8.81% | 12.17% |
| Small/Mid Cap Equity | Nomura VIP Small Cap Value Series <br> (formerly Macquarie VIP Small Cap <br> Value Series)–Standard Class <br>*Adviser: DMC* <br>| 0.74% | 8.16% | 9.26% | 9.15% |
| Non-Investment Grade Bond  | PIMCO VIT Emerging Markets Bond <br> Portfolio–Institutional Class<br>*Adviser*: *Pacific Investment* <br> *Management Company LLC ("PIMCO")*<br>| 1.02% | 15.15% | 2.60% | 5.22% |
| Investment Grade Bond  | PIMCO VIT Global Bond Opportunities <br> Portfolio (Unhedged)–Institutional Class<br>*Adviser: PIMCO*<br>| 1.00% | 13.04% | 0.32% | 2.62% |
| Non-Investment Grade Bond | PIMCO VIT High Yield <br> Portfolio–Institutional Class<br>*Adviser: PIMCO*<br>| 0.66% | 9.12% | 4.13% | 5.73% |
| Investment Grade Bond  | PIMCO VIT Income <br> Portfolio–Institutional Class<br>*Adviser: PIMCO*<br>| 0.77% | 10.36% | 3.57% | N/A |
| Investment Grade Bond | PIMCO VIT International Bond Portfolio <br> (U.S. Dollar-Hedged)–Institutional Class<br>*Adviser: PIMCO*<br>| 0.94% | 4.10% | 1.18% | 3.04% |
| Investment Grade Bond | PIMCO VIT Long-Term U.S. <br> Government Portfolio–Institutional <br> Class<br>*Adviser: PIMCO*<br>| 2.325% | 6.31% | (6.68%) | (0.16%) |
| Investment Grade Bond | PIMCO VIT Low Duration <br> Portfolio–Institutional Class<br>*Adviser: PIMCO*<br>| 0.51% | 5.68% | 1.72% | 1.94% |
| Investment Grade Bond | PIMCO VIT Real Return <br> Portfolio–Institutional Class<br>*Adviser: PIMCO*<br>| 1.24% | 8.01% | 1.36% | 3.37% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** |
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Investment Grade Bond | PIMCO VIT Short-Term <br> Portfolio–Institutional Class<br>*Adviser: PIMCO*<br>| 0.50% | 4.83% | 3.40% | 2.91% |
| Investment Grade Bond | PIMCO VIT Total Return <br> Portfolio–Institutional Class<br>*Adviser: PIMCO*<br>| 0.58% | 9.05% | 0.16% | 2.51% |
| Sector | Principal VC Real Estate Securities <br> Account–Class 1<br>*Adviser: Principal Global Investors, LLC* <br> */ Sub-Advisers: Principal Real Estate* <br> *Investors, LLC*<br>| 0.78% | 1.24% | 4.88% | 5.94% |
| International/Global Equity | Putnam VT International Value <br> Fund–Class IA<br>*Adviser: Putnam Investment* <br> *Management, LLC / Sub-Advisers: FAV,* <br> *Franklin Templeton Investment* <br> *Management Limited, and The Putnam* <br> *Advisory Company, LLC*<br>| 0.81% | 35.07% | 12.77% | 9.13% |
| Large Cap Equity | Schwab<sup>®</sup> S&P 500 Index Portfolio+ <br>*Adviser: Charles Schwab Investment* <br> *Management Inc.*<br>| 0.03% | 17.83% | 14.38% | 14.75% |
| Large Cap Equity | T. Rowe Price Blue Chip Growth <br> Portfolio<br>*Adviser: T. Rowe Price Associates, Inc.* <br> *("T. Rowe Price")*<br>| 0.75% | 18.74% | 11.68% | 15.54% |
| International/Global Equity | T. Rowe Price International Stock <br> Portfolio<br>*Adviser: T. Rowe Price* <br>| 0.95% | 18.41% | 3.92% | 7.10% |
| Asset Allocation | Thrivent Aggressive Allocation Portfolio<br>*Adviser: Thrivent Financial for* <br> *Lutherans ("Thrivent")*<br>| 0.85% | 15.81% | 9.61% | 11.26% |
| Asset Allocation  | Thrivent Conservative Allocation <br> Portfolio<br>*Adviser: Thrivent*<br>| 0.50% | 10.17% | 4.03% | 5.42% |
| International/Global Equity | Thrivent Global Stock Portfolio<br>*Adviser: Thrivent*<br>| 0.60% | 20.82% | 10.69% | 10.67% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** |
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Large Cap Equity | Thrivent Large Cap Growth Portfolio<br>*Adviser: Thrivent*<br>| 0.43% | 16.95% | 12.89% | 16.35% |
| Small/Mid Cap Equity | Thrivent Mid Cap Index Portfolio<br>*Adviser: Thrivent*<br>| 0.25% | 7.23% | 8.86% | 10.46% |
| Small/Mid Cap Equity | Thrivent Mid Cap Stock Portfolio<br>*Adviser: Thrivent*<br>| 0.66% | 4.43% | 6.86% | 11.30% |
| Small/Mid Cap Equity | Thrivent Small Cap Index Portfolio<br>*Adviser: Thrivent*<br>| 0.24% | 5.80% | 7.06% | 9.57% |
| Large Cap Equity | Voya Growth and Income <br> Portfolio–Class I<br>*Adviser: Voya Investments, LLC* <br> *("Voya") / Sub-Adviser: Voya* <br> *Investment Management Co. LLC* <br> *("VIM")*<br>| 0.67% | 18.21% | 15.46% | 14.62% |
| Non-Investment Grade Bond | Voya High Yield Portfolio–Class I<br>*Adviser: Voya / Sub-Adviser: VIM*<br>| 0.48% | 8.80% | 3.92% | 5.82% |
| Asset Allocation | Voya Index Solution 2030 <br> Portfolio–Class Z<br>*Adviser: Voya / Sub-Adviser: VIM*<br>| 0.17% | 15.44% | 6.80% | 8.59% |
| Asset Allocation | Voya Index Solution 2040 <br> Portfolio–Class Z<br>*Adviser: Voya / Sub-Adviser: VIM*<br>| 0.16% | 18.91% | 9.05% | 10.33% |
| Asset Allocation | Voya Index Solution 2050 <br> Portfolio–Class Z<br>*Adviser: Voya / Sub-Adviser: VIM*<br>| 0.17% | 20.70% | 10.14% | 10.97% |
| Investment Grade Bond | Voya Intermediate Bond <br> Portfolio—Class I<br>*Adviser: Voya / Sub-Adviser: VIM*<br>| 0.55% | 7.71% | 0.15% | 2.66% |
| Investment Grade Bond  | Voya Limited Maturity Bond <br> Portfolio–Class I<br>*Adviser: Voya / Sub-Adviser: VIM*<br>| 0.28% | 5.69% | 2.13% | 2.27% |
| Small/Mid Cap Equity | Voya MidCap Opportunities <br> Portfolio–Class I<br>*Adviser: Voya / Sub-Adviser: VIM*<br>| 0.82% | 3.90% | 4.55% | 10.97% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** | **Average Annual Total Returns** <br> **(as of 12/31/2025)** |
| **Type** | **Eligible Portfolio and** <br> **Advisers/Sub-Adviser** | **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Small/Mid Cap Equity | Voya Russell<sup>TM</sup> Mid Cap Index <br> Portfolio–Class I<br>*Adviser: Voya / Sub-Adviser: VIM*<br>| 0.40% | 10.08% | 8.26% | 10.59% |
| Small/Mid Cap Equity | Voya Small Company Portfolio–Class I<br>*Adviser:* Voya */ Sub-Adviser: VIM*<br>| 0.87% | 8.59% | 6.26% | 8.39% |
| Small/Mid Cap Equity | VY<sup>®</sup> JPMorgan Mid Cap Value <br> Portfolio–Class I<br>*Adviser: Voya / Sub-Adviser: JPMIM*<br>| 0.85% | 4.63% | 9.53% | 8.75% |
| Small/Mid Cap Equity | VY<sup>®</sup> JPMorgan Small Cap Core Equity <br> Portfolio–Class I<br>*Adviser: Voya / Sub-Adviser: JPMIM*<br>| 0.89% | 3.86% | 4.89% | 9.04% |
| International/Global Equity | VY<sup>®</sup> Morgan Stanley Global Franchise <br> Portfolio–Class R6<br>*Adviser: Voya / Sub-Adviser: MSIM*<br>| 0.89% | 0.33% | 5.06% | N/A |
| Asset Allocation | VY<sup>®</sup> T. Rowe Price Capital Appreciation <br> Portfolio–Class I<br>*Adviser: Voya / Sub-Adviser: T. Rowe* <br> *Price Investment Management*<br>| 0.65% | 12.32% | 9.49% | 11.32% |

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<sup>+</sup>Only available with corporate-owned Policies.

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This Summary Prospectus incorporates by reference the New York Life Insurance and Annuity Corporation CorpExec VUL Plus full (statutory) prospectus and Statement of Additional Information (SAI), both dated May 1, 2026, as amended or supplemented. The full prospectus and SAI for the policy may be obtained, free of charge, in any manner shown on the front page of this summary prospectus.

EDGAR ID: C000214972

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