# EDGAR Filing Document

**Accession Number:** 0001116625
**File Stem:** 0001193125-26-191345
**Filing Date:** 2026-4
**Character Count:** 29451
**Document Hash:** 1a50b225813a2f81fad1cf36115431da
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-191345.hdr.sgml**: 20260429

**ACCESSION NUMBER**: 0001193125-26-191345

**CONFORMED SUBMISSION TYPE**: 497VPU

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260429

**DATE AS OF CHANGE**: 20260429

**EFFECTIVENESS DATE**: 20260429

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SBL VARIABLE ANNUITY ACCOUNT XIV
- **CENTRAL INDEX KEY:** 0001116625

**ORGANIZATION NAME:**
- **EIN:** 480409770
- **STATE OF INCORPORATION:** KS
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497VPU
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-41180
- **FILM NUMBER:** 26915322

**BUSINESS ADDRESS:**
- **STREET 1:** SECURITY BENEFIT LIFE INSURANCE CO
- **STREET 2:** ONE SECURITY BENEFIT PLACE
- **CITY:** TOPEKA
- **STATE:** KS
- **ZIP:** 66636-0001
- **BUSINESS PHONE:** 7854383000

**MAIL ADDRESS:**
- **STREET 1:** SECURITY BENEFIT LIFE INSURANCE CO
- **STREET 2:** ONE SECURITY BENEFIT PLACE
- **CITY:** TOPEKA
- **STATE:** KS
- **ZIP:** 66636-0001

## Series and Classes Contracts Data

### SBL VARIABLE ANNUITY ACCOUNT XIV (Series ID: S000010520)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000113081 | NEA ValueBuilder Variable Annuity |  |

**NEA VALUEBUILDER VARIABLE ANNUITY**

**May 1, 2026**

**Individual Flexible Purchase Payment Deferred Variable Annuity Contract**

**SBL Variable Annuity Account XIV**

**Updating Summary Prospectus for Existing Investors** 

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| | |
|:---|:---|
| **Issued By:** | **Mailing Address:** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Benefit Life Insurance Company** <br> **One Security Benefit Place**<br> **Topeka, Kansas 66636-0001**<br> **1-800-NEA-VALU**<br> **www.securitybenefit.com**<br>| **Security Benefit Life Insurance Company**<br> **P.O. Box 750497**<br> **Topeka, Kansas 66675-0497**<br>|

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This Updating Summary Prospectus describes the NEA Valuebuilder Variable Annuity (the "Contract"), which is an Individual Flexible Purchase Payment Deferred Variable Annuity Contract issued by Security Benefit Life Insurance Company (the "Company"). This Updating Summary Prospectus is used with current owners.

The Prospectus of the Contract contains more information about the Contract, including its features, benefits and risks. You can find the current Prospectus and other information about the Contract online at <u>https://vpx.broadridge.com/GetContract1.asp?doctype=pros&cid=sblife&fid=814121562</u>. You can also obtain this information at no cost by calling 1-800-888-2461 or by sending an email request to SBLProspectusRequests@securitybenefit.com.

The Contract is a complex investment and involves risks, including potential loss of principal. The Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals could result in surrender charges, taxes, and tax penalties. Our obligations under the Contract are subject to our financial strength and claims-paying ability.

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

SB-10009-24 2026/05/01

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**Table of Contents**

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| | |
|:---|:---|
|  | Page |
| **[Special Terms](#xx_acb521ff-7dd6-4b8a-897d-eb3b2794cce5_1)** | **3**  |
| **[Updated Information About Your Contract](#xx_acb521ff-7dd6-4b8a-897d-eb3b2794cce5_1)** | **3**  |
| **[Important Information You Should Consider About the Contract](#xx_acb521ff-7dd6-4b8a-897d-eb3b2794cce5_2)** | **4**  |
| **[Appendix A](#xx_143cbfe6-6e5a-4720-b634-802c7d1a1aaa_1)[–](#xx_143cbfe6-6e5a-4720-b634-802c7d1a1aaa_1)[Investment Options Available Under the Contract](#xx_143cbfe6-6e5a-4720-b634-802c7d1a1aaa_1)** | **A-1**  |
| &nbsp;&nbsp;&nbsp; [Underlying Funds](#xx_143cbfe6-6e5a-4720-b634-802c7d1a1aaa_1) | A-1  |
| &nbsp;&nbsp;&nbsp; [Fixed Option](#xx_143cbfe6-6e5a-4720-b634-802c7d1a1aaa_5) | A-5  |

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**Special Terms**

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Various terms commonly used in this Updating Summary Prospectus are defined as follows:

**Company —** Security Benefit Life Insurance Company. The Company is also identified herein as "we," "our," or "us."

**Contract —** The flexible purchase payment deferred variable annuity contract described in this Updating Summary Prospectus.

**Contract Date —** The date the Contract begins as shown in your Contract. Contract anniversaries are measured from the Contract Date. The Contract Date is usually the date that the initial Purchase Payment is credited to the Contract.

**Contract Value —** The total value of your Contract which includes amounts allocated to the Subaccounts and the Fixed Account as well as any amount set aside in the Loan Account to secure loans as of any Valuation Date.

**Credit Enhancement —** An amount added to Contract Value under the Extra Credit Rider.

**Fixed Account —** An account that is part of the Company's General Account to which you may allocate all or a portion of your Contract Value to be held for accumulation at fixed rates of interest (which may not be less than the Guaranteed Rate) declared periodically by the Company.

**Internal Revenue Code or the Code —** The Internal Revenue Code of 1986, as amended.

**Owner —** The person entitled to the ownership rights under the Contract and in whose name the Contract is issued.

**Purchase Payment —** An amount initially paid to the Company as consideration for the Contract and any subsequent amounts paid to the Company under the Contract.

**Separate Account —** SBL Variable Annuity Account XIV, a separate account of the Company that consists of accounts, referred to as Subaccounts, each of which invests in a corresponding Underlying Fund.

**Subaccount —** A division of the Separate Account which invests in a corresponding Underlying Fund.

**Underlying Fund —** A mutual fund or series thereof that serves as an investment vehicle for its corresponding Subaccount.

**Updated Information About Your Contract**

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The following is a summary of certain Contract features that have changed since May 1, 2025, the date of the last Prospectus. This does not reflect all of the changes that have occurred since you entered into your Contract.

**Summary of Recent Contract Changes:**

The following changes in the availability of Underlying Funds under the Contract have occurred:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

As a result of a fund merger, Fidelity Advisor Dividend Growth merged into Fidelity Dividend Growth Fund which is marketed under the name Fidelity Advisor Dividend Growth.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

As a result of a fund merger, Fidelity Advisor Real Estate merged into Fidelity Real Estate Investment Portfolio which is marketed under the name Fidelity Advisor Real Estate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

As a result of a fund merger, Goldman Sachs Government Income merged into Goldman Sachs U.S. Mortgages which is now available under the Contract.

Additional information about the Underlying Funds, including certain fund name and adviser changes, is included in Appendix A to this Updating Summary Prospectus.

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

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**FEES, EXPENSES AND ADJUSTMENTS** **Location in Prospectus** 

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| | | |
|:---|:---|:---|
|  | **RISKS** | **Location in Prospectus** |
| **Is There a Risk** <br> **of Loss from** <br> **Poor** <br> **Performance?**<br>| **Yes.** You can lose money by investing in this Contract, including loss of <br> principal.<br>| **Principal Risks of** <br> **Investing in the Contract**<br>|

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**RESTRICTIONS** **Location in Prospectus** 

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**RESTRICTIONS** **Location in Prospectus** 

**TAXES** **Location in Prospectus** 

**CONFLICTS OF INTEREST** **Location in Prospectus** 

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APPENDIX A

**Investment Options Available Under the Contract**

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**Underlying Funds —** The following is a list of Underlying Funds available under the Contract. More information about the Underlying Funds is available in the prospectuses for the Underlying Funds, which may be amended or updated from time to time, and can be found online at https://vpx.broadridge.com/GetContract1.asp?doctype=pros&cid=sblife&fid=814121562. You can view, download, and print copies of Underlying Fund documents at this website. You can also request this information at no cost by calling 1-800-888-2461 or by sending an email request to SBLProspectusRequests@securitybenefit.com.

The current expenses and performance information below reflect the fees and expenses of the Underlying Funds, but do not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Underlying Fund's past performance is not necessarily an indication of future performance. Updated performance information is available online at https://www.securitybenefit.com/performance.

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|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup>  | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup>  | **1 Year** | **5 Year** | **10 Year** |
| Large Cap <br> Growth<br>| Allspring Growth – Class A<br> *Adviser:* Allspring Funds Management, LLC<br> *Sub-Adviser:* Allspring Global Investments, LLC<br>| 1.18% | 15.16% | &nbsp;&nbsp; 6.03% | 13.83% |
| Large Cap <br> Blend<br>| Allspring Large Cap Core – Class A<br> *Adviser:* Allspring Funds Management, LLC<br> *Sub-Adviser:* Allspring Global Investments, LLC<br>| 1.20% | 17.40% | 15.67% | 13.28% |
| Mid Cap Blend | Allspring Opportunity – Class A<br> *Adviser:* Allspring Funds Management, LLC<br> *Sub-Adviser:* Allspring Global Investments, LLC<br>| 1.19% | &nbsp;&nbsp; 0.49% | &nbsp;&nbsp; 7.53% | 11.00% |
| Small Cap <br> Value<br>| Allspring Small Company Value – Class A<br> *Adviser:* Allspring Funds Management, LLC<br> *Sub-Adviser:* Allspring Global Investments, LLC<br>| 1.30% | &nbsp;&nbsp; 1.77% | &nbsp;&nbsp; 8.81% | &nbsp;&nbsp; 8.76% |
| Large Cap <br> Value<br>| American Century Equity Income – Class A<br> *Adviser:* American Century Investment Management, Inc.<br>| 1.19% | 11.63% | &nbsp;&nbsp; 7.50% | &nbsp;&nbsp; 8.70% |
| Mid Cap Growth | American Century Heritage – Class A<br> *Adviser:* American Century Investment Management, Inc.<br>| 1.25% | &nbsp;&nbsp; 0.28% | &nbsp;&nbsp; 3.60% | 10.50% |
| International <br> Equity<br>| American Century International Growth – Class A<br> *Adviser:* American Century Investment Management, Inc.<br>| 1.47% | &nbsp;&nbsp; 8.68% | &nbsp;&nbsp; 0.10% | &nbsp;&nbsp; 5.25% |
| Large Cap <br> Growth<br>| American Century Select – Class A<br> *Adviser:* American Century Investment Management, Inc.<br>| 1.23% | &nbsp;&nbsp; 9.32% | 11.19% | 14.92% |
| Asset <br> Allocation/<br> Lifestyle<br>| American Century Strategic Allocation: Aggressive – <br> Class A<br> *Adviser:* American Century Investment Management, Inc.<br>| 1.58% | 15.43% | &nbsp;&nbsp; 7.70% | &nbsp;&nbsp; 9.44% |
| Asset <br> Allocation/<br> Lifestyle<br>| American Century Strategic Allocation: Conservative – <br> Class A<br> *Adviser:* American Century Investment Management, Inc.<br>| 1.38% | 10.36% | &nbsp;&nbsp; 4.37% | &nbsp;&nbsp; 5.98% |
| Asset <br> Allocation/<br> Lifestyle<br>| American Century Strategic Allocation: Moderate – Class <br> A<br> *Adviser:* American Century Investment Management, Inc.<br>| 1.51% | 13.43% | &nbsp;&nbsp; 6.10% | &nbsp;&nbsp; 7.88% |

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|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Mid Cap Blend | AMG River Road Mid Cap Value – Class N<br> *Adviser:* AMG Funds LLC<br> *Sub-Adviser:* River Road Asset Management, LLC<br>| 1.14% | 11.75% | 13.50% | &nbsp;&nbsp; 9.79% |
| Small Cap <br> Value<br>| Ariel<sup>®</sup> - Investor Class<br> *Adviser:* Ariel Investments, LLC<br>| 1.01% | 14.15% | &nbsp;&nbsp; 9.36% | &nbsp;&nbsp; 9.51% |
| Large Cap <br> Blend<br>| BNY Mellon Appreciation – Investor Class<br> *Adviser:* BNY Mellon Investment Adviser, Inc.<br> *Sub-Adviser:* Fayez Sarofim & Co., LLC<br>| 0.88% | 10.17% | &nbsp;&nbsp; 9.40% | 12.81% |
| Large Cap <br> Value<br>| BNY Mellon Dynamic Value – Class A<br> *Adviser:* BNY Mellon Investment Adviser, Inc.<br> *Sub-Adviser:* Newton Investment Management North <br> America, LLC<br>| 0.94% | 18.20% | 16.12% | 12.91% |
| Mid Cap Value | BNY Mellon Midcap Value – Class A<br> *Adviser:* BNY Mellon Investment Adviser, Inc.<br> *Sub-Adviser:* Newton Investment Management North <br> America, LLC<br>| 1.16% | 10.04% | &nbsp;&nbsp; 7.87% | &nbsp;&nbsp; 9.43% |
| Large Cap <br> Growth<br>| Calamos<sup>®</sup> Growth – Class A<br> *Adviser:* Calamos Advisors LLC<br>| 1.28% | 10.63% | 10.58% | 12.89% |
| Specialty | Calamos<sup>®</sup> Growth and Income – Class A<br> *Adviser:* Calamos Advisors LLC<br>| 1.05% | 11.90% | &nbsp;&nbsp; 9.91% | 11.49% |
| High Yield Bond | Calamos<sup>®</sup> High Income Opportunities – Class A<br> *Adviser:* Calamos Advisors LLC<br>| 1.40% | &nbsp;&nbsp; 4.30% | &nbsp;&nbsp; 3.80% | &nbsp;&nbsp; 4.78% |
| Intermediate <br> Term Bond<br>| Federated Hermes Corporate Bond – Class A<br> *Adviser:* Federated Investment Management Company<br>| 1.00% | &nbsp;&nbsp; 2.11% | -0.76% | &nbsp;&nbsp; 2.93% |
| Large Cap <br> Blend<br>| Fidelity Advisor<sup>®</sup> Dividend Growth – Class M<br> *Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* FMR Investment Management (UK) <br> Limited; Fidelity Management & Research (Hong Kong) <br> Limited; Fidelity Management & Research (Japan) <br> Limited<br>| 1.41% | 21.83% | 15.16% | 12.07% |
| International <br> Equity<br>| Fidelity Advisor<sup>®</sup> International Capital Appreciation – <br> Class M<sup>2</sup> <br>*Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* FMR Investment Management (UK) <br> Limited; Fidelity Management & Research (Hong Kong) <br> Limited; Fidelity Management & Research (Japan) <br> Limited; FIL Investment Advisors; FIL Investment <br> Advisors (UK) Limited<br>| 1.39% | 18.13% | &nbsp;&nbsp; 5.65% | &nbsp;&nbsp; 9.08% |
| Specialty-Sector | Fidelity Advisor<sup>®</sup> Real Estate – Class M<br> *Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* FMR Investment Management (UK) <br> Limited; Fidelity Management & Research (Hong Kong) <br> Limited; Fidelity Management & Research (Japan) <br> Limited<br>| 1.18% | &nbsp;&nbsp; 1.96% | &nbsp;&nbsp; 4.75% | &nbsp;&nbsp; 4.33% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Mid Cap Blend | Fidelity Advisor<sup>®</sup> Stock Selector Mid Cap – Class M<sup>2</sup> <br>*Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* FMR Investment Management (UK) <br> Limited; Fidelity Management & Research (Hong Kong) <br> Limited; Fidelity Management & Research (Japan) <br> Limited<br>| 1.22% | &nbsp;&nbsp; 6.02% | &nbsp;&nbsp; 7.76% | &nbsp;&nbsp; 9.72% |
| Small Cap <br> Blend<br>| Fidelity Advisor<sup>®</sup> Value Strategies – Class M<br> *Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* FMR Investment Management (UK) <br> Limited; Fidelity Management & Research (Hong Kong) <br> Limited; Fidelity Management & Research (Japan) <br> Limited<br>| 1.21% | &nbsp;&nbsp; 3.98% | 10.61% | &nbsp;&nbsp; 9.92% |
| Emerging <br> Markets<br>| Goldman Sachs Emerging Markets Equity – Service <br> Class<br> *Adviser:* Goldman Sachs Asset Management, L.P.<br>| 1.62% | 32.18% | &nbsp;&nbsp; 0.58% | &nbsp;&nbsp; 7.47% |
| Government <br> Bond<br>| Goldman Sachs U.S. Mortgages – Service Class<br> *Adviser:* Goldman Sachs Asset Management, L.P.<br>| 1.09% | &nbsp;&nbsp;&nbsp; N/A | &nbsp;&nbsp;&nbsp; N/A | &nbsp;&nbsp;&nbsp; N/A |
| Intermediate <br> Term Bond<br>| Guggenheim Core Bond – Class A<br> *Adviser:* Guggenheim Partners Investment Management, <br> LLC<br>| 0.87% | &nbsp;&nbsp; 3.22% | -1.24% | &nbsp;&nbsp; 2.38% |
| High Yield Bond | Guggenheim High Yield – Class A<br> *Adviser:* Guggenheim Partners Investment Management, <br> LLC<br>| 1.19% | &nbsp;&nbsp; 2.57% | &nbsp;&nbsp; 3.39% | &nbsp;&nbsp; 5.26% |
| Large Cap <br> Growth<br>| Invesco American Franchise – Class A<br> *Adviser:* Invesco Advisers, Inc.<br>| 0.93% | 11.56% | 10.28% | 14.73% |
| Large Cap <br> Value<br>| Invesco Comstock – Class A<br> *Adviser:* Invesco Advisers, Inc.<br>| 0.80% | 17.15% | 15.24% | 11.90% |
| Mid Cap Growth | Invesco Discovery Mid Cap Growth – Class A<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.04% | -0.97% | &nbsp;&nbsp; 2.60% | 10.45% |
| Balanced/Asset <br> Allocation<br>| Invesco Equity and Income – Class A<br> *Adviser:* Invesco Advisers, Inc.<br>| 0.77% | 12.81% | &nbsp;&nbsp; 8.61% | &nbsp;&nbsp; 8.66% |
| Mid Cap Blend | Invesco Main Street Mid Cap – Class A<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.04% | &nbsp;&nbsp; 8.92% | &nbsp;&nbsp; 8.99% | &nbsp;&nbsp; 9.73% |
| Small Cap <br> Growth<br>| Invesco Small Cap Growth – Class A<sup>2</sup> <br>*Adviser:* Invesco Advisers, Inc.<br>| 1.16% | &nbsp;&nbsp; 5.69% | -0.89% | &nbsp;&nbsp; 8.97% |
| Specialty-Sector | Invesco Technology – Class A<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.02% | 19.83% | 10.12% | 15.51% |
| Money Market | Invesco V.I. Government Money Market – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 0.63% | &nbsp;&nbsp; 3.76% | &nbsp;&nbsp; 2.85% | &nbsp;&nbsp; 1.77% |
| Multi Cap Value | Invesco Value Opportunities – Class A<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.02% | 20.15% | 19.86% | 14.16% |
| Large Cap <br> Blend<br>| Janus Henderson Adaptive Risk Managed U.S. Equity – <br> Class S<br> *Adviser:* Janus Henderson Investors US LLC<br>| 1.09% | 12.94% | 10.28% | 10.86% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| International <br> Equity<br>| Janus Henderson Overseas – Class S<br> *Adviser:* Janus Henderson Investors US LLC<br>| 1.19% | 28.29% | &nbsp;&nbsp; 8.94% | &nbsp;&nbsp; 8.77% |
| Large Cap <br> Value<br>| NAA Large Cap Value – Class A<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.38% | &nbsp;&nbsp; 8.50% | 10.84% | 10.11% |
| Large Cap <br> Blend<br>| NAA Large Core – Class A<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.25% | 10.52% | 12.18% | 13.28% |
| Mid Cap Growth | NAA Mid Growth – Class A<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.52% | -2.97% | &nbsp;&nbsp; 3.41% | &nbsp;&nbsp; 9.89% |
| Speciality | NAA Opportunity – Class A<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.72% | -6.65% | &nbsp;&nbsp; 3.24% | &nbsp;&nbsp; 2.14% |
| Mid Cap Value | NAA SMid Cap Value – Class A<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.24% | &nbsp;&nbsp; 2.08% | &nbsp;&nbsp; 8.01% | &nbsp;&nbsp; 9.21% |
| Global Equity | NAA World Equity Income – Class A<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.59% | 16.55% | &nbsp;&nbsp; 9.88% | &nbsp;&nbsp; 8.99% |
| Intermediate <br> Term Bond<br>| Neuberger Core Bond – Class A<br> *Adviser:* Neuberger Berman Investment Advisers LLC<br>| 0.79% | &nbsp;&nbsp; 2.21% | -1.44% | &nbsp;&nbsp; 1.44% |
| Large Cap <br> Value<br>| Neuberger Large Cap Value – Advisor Class<br> *Adviser:* Neuberger Berman Investment Advisers LLC<br>| 1.10% | 20.25% | 10.34% | 12.64% |
| Specialty | Neuberger Quality Equity – Trust Class<br> *Adviser:* Neuberger Berman Investment Advisers LLC<br>| 1.04% | 17.18% | 13.68% | 13.28% |
| Large Growth | PGIM Jennison Focused Growth – Class A<br> *Adviser:* PGIM Investments LLC<br> *Sub-Adviser:* Jennison Associates LLC<br>| 1.09% | 15.89% | &nbsp;&nbsp; 7.77% | 15.69% |
| Small Cap <br> Growth<br>| PGIM Jennison Small Company – Class A<sup>2</sup> <br>*Adviser:* PGIM Investments LLC<br> *Sub-Adviser:* Jennison Associates LLC<br>| 1.12% | &nbsp;&nbsp; 6.88% | &nbsp;&nbsp; 7.22% | 10.47% |
| Small Cap <br> Value<br>| PGIM Quant Solutions Small-Cap Value – Class A<sup>2</sup> <br>*Adviser:* PGIM Investments LLC<br> *Sub-Adviser:* PGIM Quantitative Solutions LLC<br>| 1.15% | 13.35% | 11.57% | &nbsp;&nbsp; 8.52% |
| High Yield Bond | PIMCO High Yield – Class A<br> *Adviser:* Pacific Investment Management Company LLC<br>| 0.98% | &nbsp;&nbsp; 8.19% | &nbsp;&nbsp; 3.58% | &nbsp;&nbsp; 5.25% |
| International <br> Bond<br>| PIMCO International Bond (U.S. Dollar-Hedged) – Class <br> R<br> *Adviser:* Pacific Investment Management Company LLC<br>| 1.22% | &nbsp;&nbsp; 3.64% | &nbsp;&nbsp; 0.71% | &nbsp;&nbsp; 2.65% |
| Small Cap <br> Value<br>| Royce Small-Cap Opportunity – Service Class<br> *Adviser:* Royce & Associates, LP<br>| 1.60% | 11.58% | &nbsp;&nbsp; 9.57% | 12.35% |
| Small Cap <br> Blend<br>| Royce Small-Cap Value – Service Class<br> *Adviser:* Royce & Associates, LP<br>| 1.62% | &nbsp;&nbsp; 6.68% | &nbsp;&nbsp; 9.88% | &nbsp;&nbsp; 7.68% |
| Balanced/Asset <br> Allocation<br>| T. Rowe Price Capital Appreciation – Advisor Class<br> *Adviser:* T. Rowe Price Associates, Inc.<br> *Sub-Adviser:* T. Rowe Price Investment Management, <br> Inc.<br>| 1.01% | 12.16% | &nbsp;&nbsp; 9.18% | 10.95% |

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|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Large Cap <br> Growth<br>| T. Rowe Price Growth Stock – Class R<br> *Adviser:* T. Rowe Price Associates, Inc.<br>| 1.17% | 15.04% | &nbsp;&nbsp; 8.79% | 13.56% |
| Specialty-Sector | Victory RS Science and Technology – Class A<br> *Adviser:* Victory Capital Management Inc.<br>| 1.46% | 11.90% | &nbsp;&nbsp; 0.22% | 14.28% |
| Mid Cap Value | Victory RS Value – Class A<br> *Adviser:* Victory Capital Management Inc.<br>| 1.33% | -1.37% | &nbsp;&nbsp; 8.09% | &nbsp;&nbsp; 8.17% |
| &nbsp;&nbsp;&nbsp;&nbsp; 1<br> Certain Investment Portfolios and their investment advisers have entered into temporary expense reimbursement and/or fee waivers. Please <br> see the Investment Portfolios' prospectuses for additional information regarding these arrangements | &nbsp;&nbsp;&nbsp;&nbsp; 1<br> Certain Investment Portfolios and their investment advisers have entered into temporary expense reimbursement and/or fee waivers. Please <br> see the Investment Portfolios' prospectuses for additional information regarding these arrangements | &nbsp;&nbsp;&nbsp;&nbsp; 1<br> Certain Investment Portfolios and their investment advisers have entered into temporary expense reimbursement and/or fee waivers. Please <br> see the Investment Portfolios' prospectuses for additional information regarding these arrangements | &nbsp;&nbsp;&nbsp;&nbsp; 1<br> Certain Investment Portfolios and their investment advisers have entered into temporary expense reimbursement and/or fee waivers. Please <br> see the Investment Portfolios' prospectuses for additional information regarding these arrangements | &nbsp;&nbsp;&nbsp;&nbsp; 1<br> Certain Investment Portfolios and their investment advisers have entered into temporary expense reimbursement and/or fee waivers. Please <br> see the Investment Portfolios' prospectuses for additional information regarding these arrangements | &nbsp;&nbsp;&nbsp;&nbsp; 1<br> Certain Investment Portfolios and their investment advisers have entered into temporary expense reimbursement and/or fee waivers. Please <br> see the Investment Portfolios' prospectuses for additional information regarding these arrangements |
| &nbsp;&nbsp;&nbsp;&nbsp; 2<br> This fund is no longer available for new transfers. | &nbsp;&nbsp;&nbsp;&nbsp; 2<br> This fund is no longer available for new transfers. | &nbsp;&nbsp;&nbsp;&nbsp; 2<br> This fund is no longer available for new transfers. | &nbsp;&nbsp;&nbsp;&nbsp; 2<br> This fund is no longer available for new transfers. | &nbsp;&nbsp;&nbsp;&nbsp; 2<br> This fund is no longer available for new transfers. | &nbsp;&nbsp;&nbsp;&nbsp; 2<br> This fund is no longer available for new transfers. |

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**Fixed Option —** The following is a list of Fixed Options currently available under the Contract. We may change the features of the Fixed Options listed below, offer new Fixed Options, and terminate existing Fixed Options. We will provide you with written notice before doing so. Depending on the optional benefits you choose, you may not be able to invest in the Fixed Options, as noted below.

See "The Fixed Account" in the prospectus for a description of the Fixed Investment Options' features.

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| | | |
|:---|:---|:---|
| **Name** | **Term** | **Minimum Guaranteed Interest Rate** |
| Fixed Account | Not applicable | [1%] |

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**Optional Rider Investment Restrictions**

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If you have elected one of the optional riders listed in the table below, your Contract is subject to investment allocation restrictions. Depending on the optional riders you choose, you may not be able to invest in certain Underlying Funds or the Fixed Account. In addition, other investment restrictions may apply, as shown below.

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| | | |
|:---|:---|:---|
| **Rider** | **Investment Restrictions** | **Investment Allocation Impact on Crediting Rate** |
| Extra Credit at 4% | Fixed Account not available <br> as an investment option<br>| N/A |
| 0-Year or 4-Year Alternate <br> Withdrawal Charge<br>| Fixed Account not available <br> as an investment option<br>| N/A |
| Guaranteed Minimum Income <br> Benefit at 5%<br>| N/A | The Company will credit a maximum rate of 4% for amounts <br> allocated to the Invesco V.I. Government Money Market <br> Subaccount, the Fixed Account and the Loan Account. All other <br> investments will be credited at 5%.<br>|
| Guaranteed Growth Death <br> Benefit<br>| N/A | If you elected this benefit at 5%, 6% or 7%, the Company will <br> credit a maximum rate of 4% for amounts allocated to the <br> Invesco V.I. Government Money Market Subaccount or the <br> Fixed Account. All other investments will be credited at the rate <br> you selected. Any amounts allocated to the Loan Account will <br> only earn the Guaranteed Rate<br>|
| Extra Credit (3% or 5%) | Fixed Account not available <br> as an investment option<br>| N/A |

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The Prospectus and Statement of Additional Information (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 Contract. The Prospectus and SAI are incorporated herein by reference, which means they are legally a part of this Updating Summary Prospectus.

The SAI may be obtained, free of charge, from us in the same manner as the Prospectus, as described on the front page of this Updating Summary Prospectus.

The SEC maintains a website (http://www.sec.gov) that contains the registration statement, material incorporated by reference, and other information regarding companies that file electronically with the SEC. Copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.

EDGAR contract identifier C000113081

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