# EDGAR Filing Document

**Accession Number:** 0000811713
**File Stem:** 0001104659-26-052798
**Filing Date:** 2026-4
**Character Count:** 42629
**Document Hash:** 97c03e6b60e160aa7c7e07cc3c91b830
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-052798.hdr.sgml**: 20260430

**ACCESSION NUMBER**: 0001104659-26-052798

**CONFORMED SUBMISSION TYPE**: 497VPU

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260430

**DATE AS OF CHANGE**: 20260430

**EFFECTIVENESS DATE**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FARM BUREAU LIFE VARIABLE ACCOUNT
- **CENTRAL INDEX KEY:** 0000811713

**ORGANIZATION NAME:**
- **EIN:** 421361574
- **STATE OF INCORPORATION:** IA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497VPU
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-87766
- **FILM NUMBER:** 26924248

**BUSINESS ADDRESS:**
- **STREET 1:** 5400 UNIVERSITY AVE
- **CITY:** WEST DES MOINES
- **STATE:** IA
- **ZIP:** 50266
- **BUSINESS PHONE:** 5152266028

**MAIL ADDRESS:**
- **STREET 1:** 5400 UNIVERSITY AVENUE
- **CITY:** WEST DES MOINES
- **STATE:** IA
- **ZIP:** 50266-5997

## Series and Classes Contracts Data

### FARM BUREAU LIFE VARIABLE ACCOUNT (Series ID: S000008554)

| Class ID   | Class Name                                                       | Ticker Symbol   |
|:---|:---|:---|
| C000023470 | Nonparticipating Flexible Premium Variable Life Insurance Policy |  |

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**Farm Bureau Life Variable Account**

Nonparticipating Flexible Premium Variable Life Insurance Policy

Issued By

Farm Bureau Life Insurance Company

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**UPDATING SUMMARY PROSPECTUS**

May 1, 2026

The prospectus for the Farm Bureau Life Variable Account, an individual nonparticipating flexible premium variable life insurance policy offered by Farm Bureau Life Insurance Company, contains more information about the Policy, including its features, benefits, and risks. You can find the current prospectus and other information about the Policy online at <u>www.fbfs.com/variable-product- document</u>. You can also obtain this information at no cost by calling 1-800- 247-4170 or by sending an email request to <u>LifePolicyService@fbfs.com</u>.

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

**The Securities and Exchange Commission has not approved these securities or determined that this Updating Summary Prospectus is accurate or complete. Any representation to the contrary is a criminal offense.**

<u>**TABLE OF CONTENTS**</u>

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| | |
|:---|:---|
| DEFINITIONS | 3.0 |
| UPDATED INFORMATION ABOUT YOUR POLICY | 5.0 |
| IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE POLICY | 6.0 |
| APPENDIX: Investment Options Available Under the Policy | 10.0 |

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<u>**DEFINITIONS**</u>

**Accumulated Value:** The total amount invested under the Policy. It is the sum of the values of the Policy in each Subaccount of the Variable Account, the value of the Policy in the Declared Interest Option and any amounts transferred to the Declared Interest Option to secure any outstanding Policy Debt.

**Business Day:** Each day that the New York Stock Exchange is open for trading. Assets are valued at the close of each Business Day. Each Business Day ends at the close of normal trading on the New York Stock Exchange (generally, 3:00 p.m. central time).

**Company, we, us, our:** Farm Bureau Life Insurance Company.

**Declared Interest Option:** A part of the Company's General Account. Policyowners may allocate Net Premiums and transfer Accumulated Value to the Declared Interest Option. The Company credits Accumulated Value in the Declared Interest Option with interest at an annual rate guaranteed to be at least 4%.

**Fund or Portfolio:** An investment company registered with the SEC under the Investment Company Act of 1940 as an open-end, diversified management investment company or unit investment trust in which the Variable Account invests.

**General Account:** The assets of the Company other than those allocated to the Variable Account or any other separate account.

**Grace Period:** The 61-day period (in some states 31 days) beginning on the date we send notice to the Policyowner that Net Accumulated Value or Net Surrender Value is insufficient to cover the monthly deduction.

**Home Office:** The Company's principal office at 5400 University Avenue, West Des Moines, Iowa 50266. Telephone: 1-800-247- 4170. Fax: 1-800-754- 6370.

**Insured:** The person upon whose life the Company issues a Policy.

**Investment Option:** A Fund, or a separate investment portfolio of a Fund, in which a Subaccount invests.

**Monthly Deduction Day:** The same date in each month as the Policy Date. The Company makes the monthly deduction on the Business Day coinciding with or immediately following the Monthly Deduction Day.

**Net Accumulated Value:** The Accumulated Value of the Policy reduced by any outstanding Policy Debt and increased by any unearned loan interest.

**Net Premium:** The amount of premium remaining after we deduct the premium expense charge.

**Net Surrender Value:** The Surrender Value minus any Policy Debt plus any unearned loan interest.

**Policy:** The nonparticipating flexible premium variable life insurance policy we offer and describe in this summary prospectus and in the full (statutory) prospectus, which term includes the Policy, the Policy application, any supplemental applications and any endorsements or additional benefit riders or agreements.

**Policy Anniversary:** The same date in each year as the Policy Date.

**Policy Date:** The date set forth on the Policy data page which we use to determine Policy Years, Policy Months and Policy Anniversaries. The Policy Date may, but will not always, coincide with the effective date of insurance coverage under the Policy.

**Policy Debt:** The sum of all outstanding Policy Loans and any due and unpaid Policy Loan interest.

**Policy Loan:** An amount the Policyowner borrows from the Company using the Policy as the sole security.

**Policy Month:** A one-month period beginning on a Monthly Deduction Day and ending on the day immediately preceding the next Monthly Deduction Day.

**Policyowner, you, your:** The person who owns a Policy. The Policyowner is named in the application.

**Policy Year:** A twelve-month period that starts on the Policy Date or on a Policy Anniversary.

**Specified Amount:** The minimum death benefit payable under a Policy so long as the Policy remains in force. The Specified Amount as of the Policy Date is set forth on the data page in each Policy.

**Subaccount:** A subdivision of the Variable Account which invests exclusively in shares of a designated Investment Option of a Fund.

**Surrender Charge:** A charge we assess at the time of any surrender during the first six Policy Years and for six years following an increase in Specified Amount.

**Surrender Value:** The Accumulated Value minus the Surrender Charge.

**Variable Account:** Farm Bureau Life Variable Account, a separate investment account the Company established to receive and invest the Net Premiums paid under the Policies.

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**UPDATED INFORMATION ABOUT YOUR** POLICY**

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The information in this section of the Updating Summary Prospectus is a summary of certain Policy features that have changed since the prospectus dated May 1 , 2025. This may not reflect all of the changes that have occurred since you purchased your Policy.

Effective December 31, 2025, the Opportunities Small Cap Portfolio of the BNY Mellon Variable Investment Fund was renamed the Small Cap Portfolio, as reflected in the Appendix to this Updating Summary Prospectus.

In reliance on relief from the SEC staff ("SEC Relief"), we may temporarily delay the payment of proceeds from a surrender or partial withdrawal attributable to the Subaccounts if we reasonably believe that financial exploitation of a Policyowner, who is (i) age 65 or older, or (ii) age 18 or older who we reasonably believe has a mental or physical impairment that renders them unable to protect their own interests, has occurred, is occurring, has been attempted, or will be attempted. Subject to the conditions of the SEC Relief, payment of the proceeds may be delayed for up to 55 Business Days. During the period of any such payment delay, the proceeds will be held in the Federated Hermes Government Money Fund II Subaccount as we investigate and work with appropriate regulatory and other lawful authorities to resolve the matter. No later than two Business Days after the temporary hold has been imposed, we will provide oral or written notice of the temporary hold and the reason for the temporary hold to the Policyowner, a trusted contact person the Policyowner previously identified to us and any other person(s) eligible to submit orders related to the Policy, unless we suspect the other person(s) of having engaged in, engaging in, having attempted or attempting financial exploitation of the Policyowner. We may also delay the payment of Policy Loan proceeds in similar circumstances following the same procedures.

You may call us toll-free at 1-800-247-4170 or write to us at 5400 University Avenue, Des Moines, Iowa 50266 to request additional information and to ask questions about our ability to temporarily delay the payment of proceeds in reliance on the SEC Relief.

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**IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE** POLICY**

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| | | |
|:---|:---|:---|
| **FEES AND EXPENSES** | **FEES AND EXPENSES** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>Location in Prospectus</u>** |
| &nbsp;&nbsp;**Charges for Early Withdrawals** | &nbsp;&nbsp;&nbsp;&nbsp; If you surrender your Policy during the first six Policy Years, or during the first six Policy Years following an increase in Specified Amount, we will apply a Surrender Charge of up to 3.45% per $1,000 of the Specified Amount, declining to 0% in the seventh Policy Year.<br>For example, if you surrender your Policy in the first Policy Year, where the Specified Amount is $100,000, you could be assessed a surrender charge of up to $3,449. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charges and Deductions – Surrender Charge<br> Fee Table |
| &nbsp;&nbsp;**Transaction Charges** | &nbsp;&nbsp;&nbsp;&nbsp;In addition to Surrender Charges, you may also be charged for other transactions. These charges include a premium expense charge, transfer charge, partial withdrawal fee, and illustrative report fee. | &nbsp;&nbsp;&nbsp;&nbsp;Charges and Deductions Fee Table |

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| | | | | |
|:---|:---|:---|:---|:---|
| **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** | &nbsp;&nbsp;&nbsp;&nbsp;**<u>Location in Prospectus</u>** |
| &nbsp;&nbsp;**Ongoing Fees and Expenses (annual charges)** | &nbsp;&nbsp;&nbsp;&nbsp; In addition to Surrender Charges and transaction charges, an investment in the Policy is subject to certain ongoing fees and expenses, including fees and expenses covering the cost of insurance under the Policy, administration, mortality and expense risks, loan charges, and the cost of optional benefits available under the Policy. These fees and expenses typically are set based on characteristics of the Insured under the Policy (e.g., age, sex, and underwriting class). You should view the specifications page of your Policy for rates applicable to your Policy.<br>Policyowners will also bear expenses associated with the Investment Options available under the Policy, as shown in the following table: | &nbsp;&nbsp;&nbsp;&nbsp; In addition to Surrender Charges and transaction charges, an investment in the Policy is subject to certain ongoing fees and expenses, including fees and expenses covering the cost of insurance under the Policy, administration, mortality and expense risks, loan charges, and the cost of optional benefits available under the Policy. These fees and expenses typically are set based on characteristics of the Insured under the Policy (e.g., age, sex, and underwriting class). You should view the specifications page of your Policy for rates applicable to your Policy.<br>Policyowners will also bear expenses associated with the Investment Options available under the Policy, as shown in the following table: | &nbsp;&nbsp;&nbsp;&nbsp; In addition to Surrender Charges and transaction charges, an investment in the Policy is subject to certain ongoing fees and expenses, including fees and expenses covering the cost of insurance under the Policy, administration, mortality and expense risks, loan charges, and the cost of optional benefits available under the Policy. These fees and expenses typically are set based on characteristics of the Insured under the Policy (e.g., age, sex, and underwriting class). You should view the specifications page of your Policy for rates applicable to your Policy.<br>Policyowners will also bear expenses associated with the Investment Options available under the Policy, as shown in the following table: | &nbsp;&nbsp;&nbsp;&nbsp;Charges and Deductions Fee Table |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Annual Fee** | &nbsp;&nbsp;&nbsp;&nbsp;**Annual Fee** | &nbsp;&nbsp;&nbsp;&nbsp;**Annual Fee** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Investment Option<br> (Fund fees and expenses)\* | &nbsp;&nbsp; MIN.<br> &nbsp;&nbsp;&nbsp;&nbsp;0.09% | &nbsp;&nbsp;&nbsp;&nbsp; MAX.<br> 1.43% |  |
|  | &nbsp;&nbsp;\*As a percentage of Investment Option assets. | &nbsp;&nbsp;\*As a percentage of Investment Option assets. | &nbsp;&nbsp;\*As a percentage of Investment Option assets. |  |

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| | | |
|:---|:---|:---|
| **RISKS** | **RISKS** | **RISKS** |
| &nbsp;&nbsp;**Risk of Loss** | &nbsp;&nbsp;You can lose money by investing in the Policy, including loss of principal. | &nbsp;&nbsp;&nbsp;&nbsp;Principal Risks |
| &nbsp;&nbsp;**Not a Short-Term Investment** | &nbsp;&nbsp;&nbsp;&nbsp; This Policy is not a short-term investment vehicle and is not appropriate for an investor who needs ready access to cash.<br>&nbsp;&nbsp;&nbsp;&nbsp;· We apply a Surrender Charge during the first six Policy Years, as well as during the first six Policy Years following an increase in Specified Amount.<br> &nbsp;&nbsp;&nbsp;&nbsp;· During the first 12 Policy Months, we deduct the first year monthly per $1,000 charge and the first-year monthly Policy expense charge.<br> &nbsp;&nbsp;&nbsp;&nbsp;· The foregoing charges will reduce the value of your Policy.<br> &nbsp;&nbsp;&nbsp;&nbsp;· Tax deferral is more beneficial to investors with a long-time horizon. | &nbsp;&nbsp;&nbsp;&nbsp; Principal Risks<br>Charges and Deductions |
| &nbsp;&nbsp;**Risks Associated with Investment Options** | &nbsp;&nbsp;&nbsp;&nbsp; An investment in the Policy is subject to the risk of poor investment performance and can vary depending on the performance of the Investment Options.<br>Each Investment Option (including the Declared Interest Option) has its own unique risks. You should review these Investment Options before making an investment decision. | &nbsp;&nbsp;&nbsp;&nbsp; Principal Risks<br>Farm Bureau Life Insurance Company and the Variable Account |
| &nbsp;&nbsp;**Insurance Company Risks** | &nbsp;&nbsp;&nbsp;&nbsp; An investment in the Policy is subject to the risks related to Farm Bureau Life Insurance Company, including that any obligations (including under the Declared Interest Option), guarantees, or benefits of the Policy are subject to the claims- paying ability of the Company. More information about the Company, including its financial strength ratings, is available by calling toll- free at 1-800- 247-4170 or writing to: Farm Bureau Life, 5400 University Avenue, West Des Moines, Iowa 50266. | &nbsp;&nbsp;&nbsp;&nbsp;Farm Bureau Life Insurance Company and the Variable Account |

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| | | |
|:---|:---|:---|
| **RISKS** | **RISKS** | **RISKS** |
| &nbsp;&nbsp;**Policy Lapse** | &nbsp;&nbsp;&nbsp;&nbsp; If your Accumulated Value during the first three Policy Years (Net Surrender Value if you've taken a loan on your Policy), or Net Surrender Value after the first three Policy Years, is not enough to pay the charges deducted each month, your Policy may enter a 61- day Grace Period (31 days in certain states). We will notify you that the Policy will lapse (terminate without value) at the end of the Grace<br>Period unless you make a sufficient payment. If your Policy lapses, no death benefit will be payable under the Policy.<br>Whether a Policy lapses depends on the level of Accumulated Value (and Net Surrender Value). Each, in turn, is affected by the amount of premiums you paid on the investment performance of the Investment Options and the Declared Interest Option, and the amount of Policy Loans you have taken. Poor investment performance, payment of insufficient premiums, and taking a Policy Loan increases the risk of Policy lapse.<br>Prior to the Maturity Date, you may apply to reinstate a lapsed Policy at any time within five years of the Monthly Deduction Day immediately preceding the Grace Period which expired without payment of the required premium. Among the items you must submit in your reinstatement application is (a) a premium that, after the deduction of the premium expense charge, is at least sufficient to keep the Policy in force for three months and (b) an amount equal to the monthly cost of insurance for the two Policy Months prior to<br> lapse. | &nbsp;&nbsp;&nbsp;&nbsp;Policy Lapse and Reinstatement |

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| | | |
|:---|:---|:---|
| **RESTRICTIONS** | **RESTRICTIONS** | **RESTRICTIONS** |
| &nbsp;&nbsp;**Investments** | &nbsp;&nbsp;&nbsp;&nbsp; Currently, the first twelve transfers in a Policy Year may be effected without a transfer charge. The Company assesses a $10 charge for the thirteenth and each subsequent transfer in a Policy Year.<br>Only one transfer from the Declared Interest Option to the Variable Account is permitted in each Policy Year.<br>We reserve the right, subject to compliance with applicable law, to make additions to, deletions from or substitutions for the shares of the Investment Options that the Variable Account holds or that the Variable Account may purchase.<br>You may only be invested in up to sixteen (16) Investment Options at any one time, including the Declared Interest Option.<br>Each premium payment you submit may be directed to a maximum of ten (10) Investment Options, including the Declared Interest Option.<br>No more than 50% of the Net Accumulated Value in the Declared Interest Option may be transferred from the Declared Interest Option unless the balance in the Declared Interest Option immediately after the transfer would be less than $1,000. | &nbsp;&nbsp;&nbsp;&nbsp; Charges and Deductions – Transfer Charge<br>Farm Bureau Life Insurance Company and the Variable Account – Addition, Deletion, or Substitution of Investments<br>Farm Bureau Life Insurance Company and the Variable Account – Investment Options<br>The Declared Interest Option |

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**RESTRICTIONS** | &nbsp;&nbsp;**RESTRICTIONS** | &nbsp;&nbsp;**RESTRICTIONS** |
| &nbsp;&nbsp;**Optional Benefits** | &nbsp;&nbsp;&nbsp;&nbsp; We offer several optional riders under the Policy as well as the ability to take Policy Loans. The optional riders may be terminated in certain circumstances, such as in the case of Policy lapse. We do not have the right to terminate an optional benefit in our sole discretion. The maximum loan amount that we allow at any time may not exceed 90% of the Net Surrender Value of the Policy (100% in some states). We charge interest on Policy Loans.<br>| &nbsp;&nbsp;&nbsp;&nbsp; Overview of the<br>Policy Fee Tables<br>Other Benefits Available Under The Policy |
| **TAXES** | **TAXES** | **TAXES** |
| &nbsp;&nbsp;**Tax Implications** | &nbsp;&nbsp;&nbsp;&nbsp; You should always consult with a tax professional to determine the tax implications of an investment in and payments received under the Policy.<br>There is no additional tax benefit to you if the Policy was purchased through an individual retirement account (IRA).<br>Withdrawals will be subject to ordinary income tax and may be subject to tax penalties.<br>| &nbsp;&nbsp;&nbsp;&nbsp;Federal Tax Matters |
| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** |
| &nbsp;&nbsp;**Investment Professional Compensation** | &nbsp;&nbsp;&nbsp;&nbsp;We have discontinued new sales of the Policies to the public. We summarize below the kinds of compensation paid in connection with past sales of the Policy and on an ongoing basis. | &nbsp;&nbsp;&nbsp;&nbsp;Distribution of the Policies |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Investment professionals receive compensation for selling the Policy to investors (e.g., in the form of cash commission payments). In addition to commissions and other forms of cash compensation, certain investment professionals also may receive non-cash compensation. Non-cash compensation can entail payment for conferences, seminars, meals, sporting events, theater performances, travel, lodging and/or entertainment as well as prizes and awards. Finally, investment professionals may receive other payments from the Company for services that do not directly involve the sale of the Policies, including payments made for the recruitment and training of personnel, production of promotional literature and similar services. |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;These investment professionals thus have a financial incentive to offer or recommend the Policy over another investment. |  |
| &nbsp;&nbsp;**Exchanges** | &nbsp;&nbsp;&nbsp;&nbsp;In general, you should be aware that some investment professionals may have a financial incentive to offer you a new policy in place of the Policy you already own. Thus, in general, you should only exchange your Policy if you determine, after comparing the features, fees, and risks of both policies, and any fees or penalties to terminate the existing Policy, that it is preferable for you to purchase the new policy rather than continue to own the existing Policy. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Policy |

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**APPENDIX: Investment Options Available Under the** Policy**

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The following is a list of Investment Options available under the Policy. More information about the Investment Options is available in the prospectuses for the Investment Options, which may be amended from time to time and can be found online at <u>www.fbfs.com/variable-product-documents</u>. You can also request this information at no cost by calling 1-800-247-4170 or by sending an email request to <u>LifePolicyService@fbfs.com</u>.

The current expenses and performance information below reflects fees and expenses of the Investment Options, 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 Investment Option's past performance is not necessarily an indication of future performance. Updated performance information is available at no cost by visiting the website or calling the telephone number above.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;**Investment Option and Adviser/<br> Subadviser** | &nbsp;&nbsp;**Current<br> Expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) |
| &nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;**Investment Option and Adviser/<br> Subadviser** | &nbsp;&nbsp;**Current<br> Expenses** | &nbsp;&nbsp;**1 Year** | &nbsp;&nbsp;**5 Year** | **10 Year** |
| &nbsp;&nbsp;Long-term capital appreciation | &nbsp;&nbsp; ***<u>BNY MELLON</u>***<br> BNY Mellon Sustainable U.S. Equity Portfolio, Inc.<br> —Service Class<br>The BNY Mellon Investment Adviser, Inc. (Adviser)<br>Newton Investment Management Limited (Subadviser) | &nbsp;&nbsp; 0.91% | &nbsp;&nbsp;15.67% | &nbsp;&nbsp;11.65% | 13.27% |
| &nbsp;&nbsp;Long-term capital growth consistent with preservation of capital | &nbsp;&nbsp;&nbsp;&nbsp; ***<u>BNY MELLON</u>***<br> BNY Mellon Variable Investment Fund: Appreciation Portfolio—Initial Class<br>The BNY Mellon Investment Adviser, Inc.<br>(Adviser) Fayez Sarofim and Co. (Subadviser)<br>| &nbsp;&nbsp;0.85% | &nbsp;&nbsp;10.07% | &nbsp;&nbsp;9.37% | 12.92% |
| &nbsp;&nbsp;Long-term capital growth, current income and growth of income, consistent with reasonable investment risk | &nbsp;&nbsp; ***<u>BNY MELLON</u>***<br> BNY Mellon Variable Investment Fund: Growth & Income Portfolio—Initial Class<br>The BNY Mellon Investment Adviser, Inc. (Adviser)<br>Newton Investment Management Limited (Subadviser) | &nbsp;&nbsp;0.70%\* | &nbsp;&nbsp;16.83% | &nbsp;&nbsp; 14.22% | 14.66% |
| Capital growth | &nbsp;&nbsp; ***<u>BNY MELLON</u>***<br> BNY Mellon Variable Investment Fund: Small Cap Portfolio—Initial Class *(formerly Opportunistic Small Cap Portfolio)*<br>The BNY Mellon Investment Adviser, Inc. (Adviser)<br>Newton Investment Management Limited (Subadviser) | &nbsp;&nbsp;0.83%\* | &nbsp;&nbsp;10.99% | &nbsp;&nbsp;4.26% | 7.83% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;**Investment Option and Adviser/<br> Subadviser** | &nbsp;&nbsp;**Current<br> Expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) |
| &nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;**Investment Option and Adviser/<br> Subadviser** | &nbsp;&nbsp;**Current<br> Expenses** | &nbsp;&nbsp;**1 Year** | &nbsp;&nbsp;**5 Year** | **10 Year** |
| Investment results that correspond to investment performance of U.S. common stocks, as represented by the NASDAQ-100® Index | &nbsp;&nbsp; ***<u>CALVERT VARIABLE TRUST, INC.</u>***<br> CVT NASDAQ-100 Index Portfolio— Class I<br>Calvert Research and Management (Adviser)<br>Ameritas Investment Partners, Inc. (Subadviser)<br>| &nbsp;&nbsp;0.49%\* | &nbsp;&nbsp;20.39% | &nbsp;&nbsp;14.73% | 19.09% |
| Investment results that correspond to investment performance of U.S. common stocks, as represented by the Russell 2000® Index | &nbsp;&nbsp; ***<u>CALVERT VARIABLE TRUST, INC.</u>***<br> CVT Russell 2000<sup>®</sup> Small Cap Index Portfolio—Class I<br>Calvert Research and Management (Adviser)<br>Ameritas Investment Partners, Inc. (Subadviser)<br>| &nbsp;&nbsp;0.40%\* | &nbsp;&nbsp;12.45% | &nbsp;&nbsp;5.83% | 9.32% |
| Investment results that correspond to total return performance of U.S. common stocks, as represented by the S&P MidCap 400® Index | &nbsp;&nbsp; ***<u>CALVERT VARIABLE TRUST, INC.</u>***<br> CVT S&P MidCap 400 Index Portfolio— Class I<br>Calvert Research and Management (Adviser)<br>Ameritas Investment Partners, Inc. (Subadviser)<br>| &nbsp;&nbsp;0.33%\* | &nbsp;&nbsp;7.14% | &nbsp;&nbsp;8.77% | 10.37% |
| &nbsp;&nbsp;Seeks to maintain a stable net asset value (NAV) of $1.00 per share | &nbsp;&nbsp; ***<u>FEDERATED HERMES INSURANCE</u>*** ***<u>SERIES</u>***<br> Federated Hermes Government Money<br> Fund II— Service Shares<br>Federated Hermes Investment Management (Adviser) | &nbsp;&nbsp;0.63%\* | &nbsp;&nbsp;3.73% | &nbsp;&nbsp;2.80% | 1.73% |
| &nbsp;&nbsp;High current income and moderate capital appreciation | &nbsp;&nbsp; ***<u>FEDERATED HERMES INSURANCE</u>*** ***<u>SERIES</u>***<br> Federated Hermes Managed Volatility<br> Fund II— Primary Shares<br>Federated Global Investment Management Corp. (Fed Global), Federated Investment Management Company (FIMCO) and Federated Equity Management Company of Pennsylvania (FEMCOPA) (Advisers) | &nbsp;&nbsp;0.97%\* | &nbsp;&nbsp;7.03% | &nbsp;&nbsp;6.56% | 6.85% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;**Investment Option and Adviser/<br> Subadviser** | &nbsp;&nbsp;**Current<br> Expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) |
| &nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;**Investment Option and Adviser/<br> Subadviser** | &nbsp;&nbsp;**Current<br> Expenses** | &nbsp;&nbsp;**1 Year** | &nbsp;&nbsp;**5 Year** | **10 Year** |
| &nbsp;&nbsp;Current income | &nbsp;&nbsp; ***<u>FEDERATED HERMES INSURANCE</u>*** ***<u>SERIES</u>***<br> Federated Hermes Quality Bond<br> Fund II— Primary Shares<br>Federated Hermes Investment Management Company (Adviser) | &nbsp;&nbsp;0.74%\* | &nbsp;&nbsp;7.08% | &nbsp;&nbsp;1.10% | 2.99% |
| &nbsp;&nbsp;Long-term capital appreciation | &nbsp;&nbsp; ***<u>FIDELITY VARIABLE</u>*** ***<u>INSURANCE PRODUCTS FUNDS</u>***<br> Fidelity® VIP Contrafund® Portfolio— Initial Class<br>Fidelity Management & Research Company (FMR) (Adviser)<br>FMR Co., Inc. and other investment advisers (Subadviser) | &nbsp;&nbsp;0.54% | &nbsp;&nbsp;21.52% | &nbsp;&nbsp;15.37% | 15.78% |
| &nbsp;&nbsp;Capital appreciation | &nbsp;&nbsp; ***<u>FIDELITY VARIABLE</u>*** ***<u>INSURANCE PRODUCTS FUNDS</u>***<br> Fidelity® VIP Growth Portfolio—Initial Class<br>Fidelity Management & Research Company (FMR) (Adviser)<br>FMR Co., Inc. and other investment advisers (Subadviser) | &nbsp;&nbsp;0.55% | &nbsp;&nbsp;14.92% | &nbsp;&nbsp; 13.70% | 17.45% |
| &nbsp;&nbsp;High total return through combination of current income and capital appreciation | &nbsp;&nbsp; ***<u>FIDELITY VARIABLE</u>*** ***<u>INSURANCE PRODUCTS FUNDS</u>***<br> Fidelity® VIP Growth & Income Portfolio<br> —Initial Class<br>Fidelity Management & Research Company (FMR) (Adviser)<br>FMR Co., Inc. and other investment advisers (Subadviser) | &nbsp;&nbsp;0.47% | &nbsp;&nbsp;21.50% | &nbsp;&nbsp;16.11% | 13.84% |
| &nbsp;&nbsp;High level of current income, while also considering growth of capital | &nbsp;&nbsp; ***<u>FIDELITY VARIABLE</u>*** ***<u>INSURANCE PRODUCTS FUNDS</u>***<br> Fidelity® VIP High Income Portfolio— Service Class 2<br>Fidelity Management & Research Company (FMR) (Adviser)<br>FMR Co., Inc. and other investment advisers (Subadviser) | &nbsp;&nbsp;1.06%\* | &nbsp;&nbsp;10.31% | &nbsp;&nbsp;4.00% | 5.34% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;**Investment Option and Adviser/<br> Subadviser** | &nbsp;&nbsp;**Current<br> Expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) |
| &nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;**Investment Option and Adviser/<br> Subadviser** | &nbsp;&nbsp;**Current<br> Expenses** | &nbsp;&nbsp;**1 Year** | &nbsp;&nbsp;**5 Year** | **10 Year** |
| &nbsp;&nbsp;Investment results that correspond to the total return of common stocks publicly traded in United States, as represented by the S&P 500 Index | &nbsp;&nbsp; ***<u>FIDELITY VARIABLE</u>*** ***<u>INSURANCE PRODUCTS FUNDS</u>***<br> Fidelity® VIP Index 500 Portfolio—Initial Class<br>Fidelity Management & Research Company (FMR) (Adviser)<br>Geode Capital Management, LLC (Geode®) and FMR Co., Inc. (Subadvisers) | &nbsp;&nbsp;0.09% | &nbsp;&nbsp;17.78% | &nbsp;&nbsp;14.31% | 14.70% |
| &nbsp;&nbsp;Long-term growth of capital | &nbsp;&nbsp; ***<u>FIDELITY VARIABLE</u>*** ***<u>INSURANCE PRODUCTS FUNDS</u>***<br> Fidelity® VIP Mid Cap Portfolio— Service Class 2<br>Fidelity Management & Research Company (FMR) (Adviser) | &nbsp;&nbsp; 0.80% | &nbsp;&nbsp;11.49% | &nbsp;&nbsp;9.83% | 10.31% |
| &nbsp;&nbsp;Long-term growth of capital | &nbsp;&nbsp; ***<u>FIDELITY VARIABLE</u>*** ***<u>INSURANCE PRODUCTS FUNDS</u>***<br> Fidelity® VIP Overseas Portfolio—Initial Class<br>Fidelity Management & Research Company (FMR) (Adviser)<br>FMR Co., Inc., FMR<br> Investment Management (UK) Limited, and other advisers (Subadvisers) | &nbsp;&nbsp;0.72% | &nbsp;&nbsp;20.39% | &nbsp;&nbsp; 6.62% | 7.93% |
| &nbsp;&nbsp;High total return | &nbsp;&nbsp; ***<u>FRANKLIN TEMPLETON</u>*** ***<u>VARIABLE INSURANCE PRODUCTS TRUST</u>***<br> Franklin Global Real Estate VIP Fund— Class 2<br>Franklin Templeton Institutional, LLC (Adviser) | &nbsp;&nbsp;1.25%\* | &nbsp;&nbsp; 7.93% | &nbsp;&nbsp;2.36% | 3.03% |
| &nbsp;&nbsp;Capital appreciation, with income as a secondary goal | &nbsp;&nbsp; ***<u>FRANKLIN TEMPLETON</u>*** ***<u>VARIABLE INSURANCE PRODUCTS TRUST</u>***<br> Franklin Mutual Shares VIP Fund— Class 2<br>Franklin Mutual Advisers, LLC (Adviser) | &nbsp;&nbsp;0.94% | &nbsp;&nbsp; 11.52% | &nbsp;&nbsp;9.20% | 7.53% |
| &nbsp;&nbsp;Long-term total return | &nbsp;&nbsp; ***<u>FRANKLIN TEMPLETON</u>*** ***<u>VARIABLE INSURANCE PRODUCTS TRUST</u>***<br> Franklin Small Cap Value VIP Fund—Class 2<br>Franklin Mutual Advisers, LLC (Adviser) | &nbsp;&nbsp;0.91%\* | &nbsp;&nbsp;7.65% | &nbsp;&nbsp; 8.86% | 9.81% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;**Investment Option and Adviser/<br> Subadviser** | &nbsp;&nbsp;**Current<br> Expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) |
| &nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;**Investment Option and Adviser/<br> Subadviser** | &nbsp;&nbsp;**Current<br> Expenses** | &nbsp;&nbsp;**1 Year** | &nbsp;&nbsp;**5 Year** | **10 Year** |
| &nbsp;&nbsp;Long-term capital growth | &nbsp;&nbsp; ***<u>FRANKLIN TEMPLETON</u>*** ***<u>VARIABLE INSURANCE PRODUCTS TRUST</u>***<br> Franklin Small-Mid Cap Growth VIP Fund<br> —Class 2<br>Franklin Advisers, Inc. (Adviser) | &nbsp;&nbsp;1.09% | &nbsp;&nbsp;2.52% | &nbsp;&nbsp; 1.03% | 9.89% |
| &nbsp;&nbsp;Income | &nbsp;&nbsp; ***<u>FRANKLIN TEMPLETON</u>*** ***<u>VARIABLE INSURANCE PRODUCTS TRUST</u>***<br> Franklin U.S. Government Securities VIP Fund—Class 2<br>Franklin Advisers, Inc. (Adviser) | &nbsp;&nbsp;0.79% | &nbsp;&nbsp;6.69% | &nbsp;&nbsp;0.02% | 1.14% |
| &nbsp;&nbsp;Long-term capital growth | &nbsp;&nbsp; ***<u>FRANKLIN TEMPLETON</u>*** ***<u>VARIABLE INSURANCE PRODUCTS TRUST</u>***<br> Templeton Growth VIP Fund—Class 2<br>Templeton Global<br> Advisors Limited (Adviser) | &nbsp;&nbsp;1.12%\* | &nbsp;&nbsp; 23.83% | &nbsp;&nbsp;7.95% | 7.04% |
| &nbsp;&nbsp;Capital growth | &nbsp;&nbsp; ***<u>LINCOLN VARIABLE</u>*** ***<u>INSURANCE PRODUCTS TRUST</u>***<br> LVIP American Century Capital Appreciation Fund—Standard Class II<br>Lincoln Financial Investments Corporation (Adviser)<br>American Century Investment Management, Inc. (Sub-adviser) | &nbsp;&nbsp;0.79%\* | &nbsp;&nbsp; 6.72% | &nbsp;&nbsp;5.16% | 11.47% |
| &nbsp;&nbsp;Long-term total return | &nbsp;&nbsp; ***<u>LINCOLN VARIABLE</u>*** ***<u>INSURANCE PRODUCTS TRUST</u>***<br> LVIP American Century Inflation Protection Fund—Standard Class II<br>Lincoln Financial Investments Corporation (Adviser)<br>American Century Investment Management, Inc. (Sub-adviser) | &nbsp;&nbsp;0.47%\* | &nbsp;&nbsp; 6.60% | &nbsp;&nbsp;0.87% | 2.87% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;**Investment Option and Adviser/<br> Subadviser** | &nbsp;&nbsp;**Current<br> Expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) |
| &nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;**Investment Option and Adviser/<br> Subadviser** | &nbsp;&nbsp;**Current<br> Expenses** | &nbsp;&nbsp;**1 Year** | &nbsp;&nbsp;**5 Year** | **10 Year** |
| &nbsp;&nbsp;Long-term capital growth and income as a secondary goal | &nbsp;&nbsp; ***<u>LINCOLN VARIABLE</u>*** ***<u>INSURANCE PRODUCTS TRUST</u>***<br> LVIP American Century Mid Cap Value Fund—Standard Class II<br>Lincoln Financial Investments Corporation (Adviser)<br>American Century Investment Management, Inc. (Sub-adviser) | &nbsp;&nbsp;0.86%\* | &nbsp;&nbsp;8.99% | &nbsp;&nbsp;8.89% | 9.12% |
| &nbsp;&nbsp;Long-term capital growth | &nbsp;&nbsp; ***<u>LINCOLN VARIABLE</u>*** ***<u>INSURANCE PRODUCTS TRUST</u>***<br> LVIP American Century Ultra Fund— Standard Class II<br>Lincoln Financial Investments Corporation (Adviser)<br>American Century Investment Management, Inc. (Sub-adviser) | &nbsp;&nbsp; 0.75%\* | &nbsp;&nbsp;12.84% | &nbsp;&nbsp; 11.68% | 17.16% |
| &nbsp;&nbsp;Long-term capital growth and income as a secondary goal | &nbsp;&nbsp; ***<u>LINCOLN VARIABLE</u>*** ***<u>INSURANCE PRODUCTS TRUST</u>***<br> LVIP American Century Value Fund— Standard Class II<br>Lincoln Financial Investments Corporation (Adviser)<br>American Century Investment Management, Inc. (Sub-adviser) | &nbsp;&nbsp;0.71%\* | &nbsp;&nbsp;16.02% | &nbsp;&nbsp;11.65% | 10.23% |
| &nbsp;&nbsp;Capital appreciation with achieving current income by investing in equity securities as a secondary goal | &nbsp;&nbsp; ***<u>LINCOLN VARIABLE</u>*** ***<u>INSURANCE PRODUCTS TRUST</u>***<br> LVIP J.P. Morgan Mid Cap Value Fund— Standard Class<br>Lincoln Financial Investments Corporation (Adviser)<br>J.P. Morgan Investment Management Inc. (Subadviser) | &nbsp;&nbsp;0.74% | &nbsp;&nbsp;4.72% | &nbsp;&nbsp; 9.63% | 8.77% |
| &nbsp;&nbsp;Capital growth over long term | &nbsp;&nbsp; ***<u>LINCOLN VARIABLE</u>*** ***<u>INSURANCE PRODUCTS TRUST</u>***<br> LVIP J.P. Morgan Small Cap Core Fund— Standard Class<br>Lincoln Financial Investments Corporation (Adviser)<br>J.P. Morgan Investment Management Inc. (Subadviser) | &nbsp;&nbsp;0.77% | &nbsp;&nbsp;10.27% | &nbsp;&nbsp;6.40% | 8.95% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;**Investment Option and Adviser/<br> Subadviser** | &nbsp;&nbsp;**Current<br> Expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) |
| &nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;**Investment Option and Adviser/<br> Subadviser** | &nbsp;&nbsp;**Current<br> Expenses** | &nbsp;&nbsp;**1 Year** | &nbsp;&nbsp;**5 Year** | **10 Year** |
| &nbsp;&nbsp; Long-term growth of capital by investing primarily in common stocks of U.S. companies operating in sectors investment adviser believes<br> will be fastest growing | &nbsp;&nbsp; ***<u>T. ROWE PRICE E</u>*** ***Q<u>UITY SERIES</u>***<br> All-Cap Opportunities<br>T. Rowe Price Associates, Inc. (Adviser) | &nbsp;&nbsp; 0.80%\* | &nbsp;&nbsp;16.30% | &nbsp;&nbsp;12.22% | 16.93% |
| &nbsp;&nbsp; High level of dividend income and long-term capital growth through investments in large-capitalization stocks of companies with strong track record of paying dividends or that are undervalued | &nbsp;&nbsp; ***<u>T. ROWE PRICE E</u>*** ***Q<u>UITY SERIES</u>***<br> Equity Income Portfolio<br>T. Rowe Price Associates, Inc. (Adviser) | &nbsp;&nbsp;0.74% | &nbsp;&nbsp;14.36% | &nbsp;&nbsp;11.17% | 10.51% |
| &nbsp;&nbsp; Long-term capital appreciation by investing earnings in common stocks of medium sized companies with<br> potential for above- average earnings growth | &nbsp;&nbsp; ***<u>T. ROWE PRICE E</u>*** ***Q<u>UITY SERIES</u>***<br> Mid-Cap Growth Portfolio<br>T. Rowe Price Associates, Inc. (Adviser) | &nbsp;&nbsp; 0.84%\* | &nbsp;&nbsp;3.55% | &nbsp;&nbsp; 3.84% | 9.81% |
| &nbsp;&nbsp; Highest total return over time consistent with emphasis on both capital growth and<br> income | &nbsp;&nbsp; ***<u>T. ROWE PRICE E</u>*** ***Q<u>UITY SERIES</u>***<br> Moderate Allocation Portfolio<br>&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Associates, Inc. (Adviser) | &nbsp;&nbsp; 0.85%\* | &nbsp;&nbsp;14.50% | &nbsp;&nbsp;5.50% | 7.84% |
| &nbsp;&nbsp;Long-term growth of capital through investments primarily in common stocks of established non-U.S. companies | &nbsp;&nbsp; ***<u>T. ROWE PRICE INTERNATIONAL</u>*** ***<u>SERIES</u>***<br> International Stock Portfolio<br>T. Rowe Price Associates, Inc. (Adviser)<br>&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price International Ltd and T. Rowe Price Singapore Private Ltd (Subadvisers) | &nbsp;&nbsp; 0.95%\* | &nbsp;&nbsp;18.41% | &nbsp;&nbsp;3.92% | 7.10% |

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\* These Investment Options and their investment advisers have entered into contractual fee waivers or reimbursement arrangements. These temporary fee reductions are reflected in their annual expenses. Those contractual arrangements are designed to reduce total annual portfolio operating expenses for Policyowners and will continue until at least April 30, 2027.

**[Back Cover Page]**

The prospectus and SAI are parts of the registration statement that we filed with the Securities and Exchange Commission (SEC), dated May 1, 2026. Both documents contain additional important information about the Policy. The prospectus and SAI are incorporated herein by reference, which means they are legally a part of this Updating Summary Prospectus.

The prospectus and SAI are available without charge, upon request, by calling us toll-free at 1-800-247-4170 or writing to us at 5400 University Avenue, Des Moines, Iowa 50266.

You may also call us toll-free or write to us if you wish to receive a free personalized illustration of your Policy's death benefit and Accumulated Value, to request additional information and to ask questions about your Policy. Reports and other information about the Variable Account are available on the SEC website at <u>http://www.sec.gov</u>. Copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: <u>publicinfo@sec.gov</u>.

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