# EDGAR Filing Document

**Accession Number:** 0000910819
**File Stem:** 0001104659-26-052825
**Filing Date:** 2026-4
**Character Count:** 38815
**Document Hash:** 75c3e7419115e7716a90a6c15a6d07a6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-052825.hdr.sgml**: 20260430

**ACCESSION NUMBER**: 0001104659-26-052825

**CONFORMED SUBMISSION TYPE**: N-VP

**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 ANNUITY ACCOUNT
- **CENTRAL INDEX KEY:** 0000910819

**ORGANIZATION NAME:**
- **EIN:** 421422448
- **STATE OF INCORPORATION:** IA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-VP
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-148212
- **FILM NUMBER:** 26924443

**BUSINESS ADDRESS:**
- **STREET 1:** 5400 UNIVERSITY AVE
- **CITY:** WEST DES MOINES
- **STATE:** IA
- **ZIP:** 50266-5997
- **BUSINESS PHONE:** 5152255400

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

## Series and Classes Contracts Data

### FARM BUREAU LIFE ANNUITY ACCOUNT (Series ID: S000007285)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000060392 | Variable Annuity Contract |  |

------

**Registration No. 333-148212**

**Farm Bureau Life Annuity Account**

Variable Deferred Annuity Contract

Issued By

Farm Bureau Life Insurance Company

**ANNUAL NOTICE**

May 1, 2026

This Annual Notice for the variable deferred annuity contract (the "Contract") issued by Farm Bureau Life Insurance Company provides you with an update of changes to your Contract that have occurred since April 30, 2025. In addition, this Annual Notice provides key information about your Contract that you should review, including a current list of Investment Options available under your Contract. Please read this Annual Notice carefully and retain it with your Contract prospectus for future reference.

The most recent prospectus for the Contract, dated May 1, 2009, contains more information about the Contract, including its features, benefits, and risks. You can find the most recent audited financial statements of the Farm Bureau Life Annuity Account 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 sending an email request to <u>LifePolicyService@fbfs.com.</u>

More information about the Investment Options is available in the prospectuses for the Investment Options, which may be amended from time and 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 sending an email request to <u>LifePolicyService@fbfs.com.</u>

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

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

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

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| | |
|:---|:---|
| <u>Definitions</u> | <u>2</u> |
| <u>Updated Information About Your Contract</u> | <u>4</u> |
| <u>Important Information You Should Know About the Contract</u> | <u>5</u> |
| <u>APPENDIX A: Investment Options Available Under the Contract</u> | <u>10</u> |

---

**DEFINITIONS**

**Account:** Farm Bureau Life Annuity Account.

**Accumulated Value:** The total amount invested under the Contract, which is the sum of the values of the Contract in each Subaccount of the Account plus the value of the Contract in the Declared Interest Option.

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

**The Company ("we", "us" or "our"):** Farm Bureau Life Insurance Company.

**Contract:** The variable deferred annuity contract, which term includes the basic contract described in the Contract prospectus, the contract application, any supplemental applications and any endorsements or additional benefit riders or agreements.

**Contract Anniversary:** The same date in each Contract Year as the Contract Date.

**Contract Date:** The date on which the Company receives a properly completed application. It is the date set forth on the data page of the Contract which the Company uses to determine Contract Years and Contract Anniversaries.

**Contract Year:** A twelve-month period beginning on the Contract Date or on a Contract Anniversary.

**Declared Interest Option:** An investment option under the Contract funded by the Company's General Account. It is not part of, nor dependent upon, the investment performance of the Account.

**Fund:** 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 Account invests.

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

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

**Owner ("you" or "your"):** The person who owns the Contract and who is entitled to exercise all rights and privileges provided in the Contract.

**SEC:** The U.S. Securities and Exchange Commission.

**Subaccount:** A subdivision of the Account which invests its assets exclusively in a corresponding Investment Option.

**Valuation Period:** The period of time over which we determine the change in value of the Subaccounts. Each Valuation Period begins at the close of normal trading of the New York Stock Exchange (generally, 3:00 p.m. central time) on one Business Day and ends at the close of normal trading of the New York Stock Exchange on the next succeeding Business Day

**Variable Accumulated Value:** The aggregate of the values in each of the Subaccounts under your Contract, as determined at the end of each Valuation Period.

**UPDATED INFORMATION ABOUT YOUR** CONTRACT**

The information in this Annual Notice is a summary of certain Contract features that have changed since April 30, 2025. This may not reflect all of the changes that have occurred since you entered into your Contract.

Effective May 1, 2026, the Columbia Small Cap Value Fund was renamed the Columbia Small Cap Value Discovery Fund, as reflected in the Appendix to this Annual Notice.

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 an Owner, 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 Owner, a trusted contact person the Owner previously identified to us and any other person(s) eligible to submit orders related to the Contract, unless we suspect the other person(s) of having engaged in, engaging in, having attempted or attempting financial exploitation of the Owner.

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.

**IMPORTANT INFORMATION YOU SHOULD KNOW ABOUT THE** CONTRACT**

---

| | | |
|:---|:---|:---|
| **FEES, EXPENSES AND ADJUSTMENTS** | **FEES, EXPENSES AND ADJUSTMENTS** | &nbsp;&nbsp;&nbsp;&nbsp; **LOCATION** **IN**<br> **PROSPECTUS** |
| &nbsp;&nbsp;**Are There Charges or Adjustments for Early Withdrawals?** | &nbsp;&nbsp; **Yes.** If you withdraw money from your Contract during the first 8 Contract Years, you may be assessed a Surrender Charge of up to 8% of the amount withdrawn. In each Contract Year, you may withdraw a maximum of 10% of your Accumulated Value without incurring a Surrender Charge.<br>For example, if you were to make a withdrawal during the first Contract Year after your Contract purchase (and your Accumulated Value is $100,000), you could be assessed a charge of up to $8,000. This loss could be greater if you have to pay taxes and tax penalties. | &nbsp;&nbsp;Charges and Deductions |
| &nbsp;&nbsp;**Are There Transaction** **Charges?** | &nbsp;&nbsp; **Yes.** In addition to Surrender Charges, you may also be charged for other transactions.<br> These charges include a transfer charge. | &nbsp;&nbsp; Charges and Deductions |
| &nbsp;&nbsp;**Are There Ongoing Fees and Expenses?** | &nbsp;&nbsp;**Yes.** The table below describes the fees and expenses that you may pay *each year*, depending on the options you choose. Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you elected. | &nbsp;&nbsp;Charges and Deductions |

---

---

| | | |
|:---|:---|:---|
| **Annual Fee** | **Minimum** | **Maximum** |
| &nbsp;&nbsp;Base Contract<sup>1</sup> | 1.42% | 1.42% |
| &nbsp;&nbsp;Investment Options (portfolio | 0.34% | 1.30% |
| &nbsp;&nbsp;company fees and expenses)<sup>2</sup> |  |  |
| &nbsp;&nbsp;Guaranteed Minimum Income | 0.96% | 0.96% |
| &nbsp;&nbsp;Benefit Rider (if elected)<sup>3</sup> |  |  |
| &nbsp;&nbsp;Incremental Death Benefit Rider |  |  |
| &nbsp;&nbsp; (if elected)<sup>3</sup> |  |  |
| &nbsp;&nbsp;Issue Ages 0-65 | 0.36% | 0.36% |
| &nbsp;&nbsp;Issue Ages 66-75 | 0.72% | 0.72% |
| &nbsp;&nbsp;Performance Enhanced Death Benefit Rider (if elected)<sup>3</sup> |  |  |
| &nbsp;&nbsp;Issue Ages 0-65 | 0.60% | 0.60% |
| &nbsp;&nbsp;Issue Ages 66-75 | 1.20% | 1.20% |

---

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| |
|:---|
| &nbsp;&nbsp; <sup>1</sup> We calculate the Base Contract fee by dividing the total amount we receive from the annual Contract administrative charge, the asset-based administrative charge, and the mortality and expense risk charge for the last fiscal year by the total average net assets attributable to the Contract for that year. |
| &nbsp;&nbsp;<sup>2</sup> As a percentage of Investment Option assets. |
| &nbsp;&nbsp;<sup>3</sup> As a percentage of Accumulated Value. |
| &nbsp;&nbsp;Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay each year, based on current charges. This estimate assumes that you do not take withdrawals from the Contract, which could add surrender charges that substantially increase costs.<br>|

---

---

| | |
|:---|:---|
| **Lowest Annual Cost:**<br>**$1580.44** | **Highest Annual Cost:**<br>**$4193.46** |
| &nbsp;&nbsp;Assumes: | &nbsp;&nbsp;Assumes: |
| &nbsp;&nbsp;· Investment of $100,000 | &nbsp;&nbsp;· Investment of $100,000 |
| &nbsp;&nbsp;· 5% annual appreciation | &nbsp;&nbsp;· 5% annual appreciation |
| &nbsp;&nbsp;· Least expensive Investment Option fees and expenses | &nbsp;&nbsp;· Most expensive Investment Option fees and expenses |
| &nbsp;&nbsp;· No optional benefits<br> · No sales charges | &nbsp;&nbsp;· Most expensive combination of optional benefits |
| &nbsp;&nbsp;· No additional purchase payments, transfers, or withdrawals | &nbsp;&nbsp;· No sales charges<br> · No additional purchase payments, transfers, or withdrawals |

---

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**RISKS** | &nbsp;&nbsp;**RISKS** | &nbsp;&nbsp;&nbsp;&nbsp; **LOCATION** **IN**<br> **PROSPECTUS** |
| &nbsp;&nbsp;**Is There a Risk of Loss from Poor Performance?** | &nbsp;&nbsp;**Yes.** You can lose money by investing in the Contract, including loss of principal. | &nbsp;&nbsp; The Company, Account and Investment Options |
| &nbsp;&nbsp; **Is this a** **Short-Term Investment?** | &nbsp;&nbsp; **No.** This Contract 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;&nbsp;&nbsp;&nbsp;&nbsp;● We apply a Surrender Charge with respect to withdrawals during the first 8 Contract Years. It will reduce the value of your Contract if you withdraw money during that time.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● You may have to pay taxes and tax penalties on amounts withdrawn from the Contract.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Tax deferral is more beneficial to investors with a long-time horizon. | &nbsp;&nbsp; Description of Annuity Contract<br>Charges and Deductions |

---

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**What are the Risks** **Associated with the Investment Options?** | &nbsp;&nbsp; An investment in the Contract 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; The Company, Account and Investment Options<br>The Declared Interest Option |
| &nbsp;&nbsp;**What Are the Risks Related to the Insurance Company?** | &nbsp;&nbsp; An investment in the Contract 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 Contract 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; The Company, Account and Investment Options<br>The Declared Interest Option |
| **RESTRICTIONS** | **RESTRICTIONS** | &nbsp;&nbsp;&nbsp;&nbsp; **LOCATION** **IN**<br> **PROSPECTUS** |
| &nbsp;&nbsp;**Are There Restrictions on the Investment Options?** | &nbsp;&nbsp; **Yes.** Currently, the first twelve transfers in a Contract Year may be effected without a transfer charge. But we impose a transfer charge of $10 for the thirteenth and each subsequent transfer in a Contract Year. We have the right to suspend telephone transfer and facsimile request privileges and reject facsimile requests.<br>You can no longer allocate premiums or transfer Accumulated Value to the Columbia Small Company Growth Subaccount.<br>We also reserve the right to change the method of crediting interest to the Declared Interest Option, provided that such changes do not reduce the guaranteed interest rate below 3% per annum or shorten the period for which the current interest rate applies to less than a Contract Year.<br>Only one transfer per Contract Year is permitted between the Declared Interest Option and any or all of the Subaccounts.<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 Account holds or that the Account may purchase. | &nbsp;&nbsp; Charges and Deductions<br>The Declared Interest Option – Transfers from Declared Interest Option<br>The Company, Account and Investment Options – Addition, Deletion, or Substitution of Investments |

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Are There any Restrictions on Contract Benefits?** | &nbsp;&nbsp; **Yes.** You may not participate in the dollar cost averaging program and the automatic rebalancing program, systematic withdrawal program or interest sweep program at the same time. We may terminate the systematic withdrawal program at any time. We may discontinue the interest sweep program if your balance in the Declared Interest Option is less than $5,000.<br>We offer several optional riders under the Contract. The features added through these riders include, among other things, additional death benefits and guaranteed minimum annuity payments. Withdrawals can reduce or eliminate the benefits guaranteed under the Guaranteed Minimum Income Benefit Rider. We do not have the right to terminate an optional benefit you have elected in our sole discretion.<br>| &nbsp;&nbsp;Description of Annuity Contract |

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| | | |
|:---|:---|:---|
| **TAXES** | **TAXES** | &nbsp;&nbsp;&nbsp;&nbsp; **LOCATION** **IN**<br> **PROSPECTUS** |
| &nbsp;&nbsp;**What are the Contract's Tax** **Implications?** | &nbsp;&nbsp; You should consult with a tax professional to determine the tax implications of an investment in and payments received under the Contract.<br>There is no additional tax benefit to you if the Contract was purchased through a tax-qualified plan or individual retirement account (IRA).<br>Withdrawals will be subject to ordinary income tax and may be subject to tax penalties.<br>| &nbsp;&nbsp;Federal Tax Matters |

---

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| | | |
|:---|:---|:---|
| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** | &nbsp;&nbsp;&nbsp;&nbsp; **LOCATION** **IN**<br> **PROSPECTUS** |
| &nbsp;&nbsp;**How Are Investment Professionals Compensated?** | &nbsp;&nbsp; We have discontinued new sales of the Contracts to the public. We summarize below the kinds of compensation paid in connection with past sales of the Contract and on an ongoing basis.<br>Investment professionals receive compensation for selling the Contract 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 Contracts, including payments made for the recruitment and training of personnel, production of promotional literature and similar services.<br>These investment professionals have a financial incentive to offer or recommend the Contract over another investment. | &nbsp;&nbsp;Distribution of the Contracts |
| &nbsp;&nbsp;**Should I Exchange My Contract?** | &nbsp;&nbsp;Because the Contract is no longer sold, you would not be affected by a scenario in which you are asked to replace an existing contract you own with a new purchase of this Contract. In general, you should be aware that some investment professionals may have a financial incentive to offer you a new contract in place of the Contract you already own. Thus, in general, you should only exchange your current Contract if you determine, after comparing the features, fees, and risks of both contracts, and any fees or penalties to terminate your current Contract, that it is preferable for you to purchase the new contract rather than continue to own the existing Contract. | &nbsp;&nbsp;The Contract |

---

 **APPENDIX A: INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT**

The following is a list of Investment Options available under the Contract. More information about the Investment Options is available in the prospectuses for the Investment Options, which may be amended from time and 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 sending an email request to <u>LifePolicyService@fbfs.com.</u> Depending on the optional benefits you choose, you may not be able to invest in certain Investment Options.

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 Contract 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;&nbsp;&nbsp;**Investment Option and Adviser/ <br> Subadviser** | &nbsp;&nbsp;&nbsp;**Current <br> Expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;&nbsp;&nbsp;**Investment Option and Adviser/ <br> Subadviser** | &nbsp;&nbsp;&nbsp;**Current <br> Expenses** | &nbsp;&nbsp;**1 Year** | &nbsp;&nbsp;&nbsp;&nbsp;**5 Year** | &nbsp;&nbsp;&nbsp;&nbsp;**10 Year** |
| | &nbsp;&nbsp;&nbsp;&nbsp;***<u>CALVERT VARIABLE TRUST, <br> INC.</u>*** | | | | |
| &nbsp;&nbsp;Investment results that correspond to investment performance of non-U.S. common stocks, as represented by the MSCI® EAFE Index | &nbsp;&nbsp; CVT VP EAFE International Index Portfolio<br>Calvert Research and Management (Adviser)<br>Ameritas Investment Partners, Inc. (Subadviser)<br>| 0.68%\* | &nbsp;&nbsp;30.64% | &nbsp;&nbsp;8.31% | &nbsp;&nbsp;7.63% |
| &nbsp;&nbsp;Investment results that correspond to investment performance of U.S. common stocks, as represented by the NASDAQ-100® Index | &nbsp;&nbsp; <br> CVT NASDAQ-100 Index Portfolio<br>Calvert Research and Management (Adviser)<br>Ameritas Investment Partners, Inc. (Subadviser)<br>| 0.49%\* | 20.39% | &nbsp;&nbsp;14.73% | &nbsp;&nbsp;19.09% |
| &nbsp;&nbsp;Investment results that correspond to investment performance of U.S. common stocks, as represented by the Russell 2000® Index | &nbsp;&nbsp; <br> CVT Russell 2000® Small Cap Index Portfolio – Class F<br>Calvert Research and Management (Adviser)<br>Ameritas Investment Partners, Inc. (Subadviser)<br>| 0.60%\* | 12.23% | &nbsp;&nbsp;5.62% | &nbsp;&nbsp;9.08% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;&nbsp;&nbsp;**Investment Option and Adviser/ <br> Subadviser** | &nbsp;&nbsp;&nbsp;**Current <br> Expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;&nbsp;&nbsp;**Investment Option and Adviser/ <br> Subadviser** | &nbsp;&nbsp;&nbsp;**Current <br> Expenses** | &nbsp;&nbsp;&nbsp;&nbsp;**1 Year** | &nbsp;&nbsp;&nbsp;&nbsp;**5 Year** | &nbsp;&nbsp;&nbsp;&nbsp;**10 Year** |
| &nbsp;&nbsp;Investment results that correspond to total return performance of U.S. common stocks, as represented by the S&P MidCap 400® Index | &nbsp;&nbsp; S&P MidCap 400 Index Portfolio – Class F<br>Calvert Research and Management (Adviser)<br>Ameritas Investment Partners, Inc. (Subadviser)<br>| 0.53%\* | &nbsp;&nbsp;6.92% | &nbsp;&nbsp;8.55% | &nbsp;&nbsp;10.13% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***<u>COLUMBIA THREADNEEDLE<br> INVESTMENTS</u>*** |  |  |  |  |
| &nbsp;&nbsp;Long-term capital appreciation with a global equity strategy that offers flexibility to invest in both growth and value stocks | &nbsp;&nbsp; Columbia Overseas Core Fund— Class 1<br>Columbia Management Investment Advisers, LLC (Adviser) | 0.80% | &nbsp;&nbsp;38.26% | &nbsp;&nbsp;9.19% | &nbsp;&nbsp;7.82% |
| &nbsp;&nbsp;Capital appreciation by investing in an actively managed portfolio of mid-sized value stocks | &nbsp;&nbsp; Columbia Select Mid Cap Value Fund—Class 1<br>Columbia Management Investment Advisers, LLC (Adviser) | 0.83%\* | &nbsp;&nbsp;14.18% | &nbsp;&nbsp;11.18% | &nbsp;&nbsp;10.44% |
| &nbsp;&nbsp;Long-term capital appreciation by investing in a strategy focused on value stocks built for growth | &nbsp;&nbsp; Columbia Small Cap Value Discovery Fund— Class 2 *(formerly Columbia Small Cap Value Fund)*<br>Columbia Management Investment Advisers, LLC (Adviser) | 1.16%\* | &nbsp;&nbsp;14.66% | &nbsp;&nbsp;12.19% | &nbsp;&nbsp;11.20% |
| &nbsp;&nbsp;Long-term capital appreciation by investing predominantly in small companies that appear built for long- term growth | &nbsp;&nbsp; Columbia Small Company Growth Fund—Class 2\*\*<br>Columbia Management Investment Advisers, LLC (Adviser) | 1.12%\* | &nbsp;&nbsp;21.29% | &nbsp;&nbsp;3.32% | &nbsp;&nbsp;14.89% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;&nbsp;&nbsp;**Investment Option and Adviser/ <br> Subadviser** | &nbsp;&nbsp;&nbsp;**Current <br> Expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;&nbsp;&nbsp;**Investment Option and Adviser/ <br> Subadviser** | &nbsp;&nbsp;&nbsp;**Current <br> Expenses** | &nbsp;&nbsp;&nbsp;&nbsp;**1 Year** | &nbsp;&nbsp;&nbsp;&nbsp;**5 Year** | &nbsp;&nbsp;&nbsp;&nbsp;**10 Year** |
| | &nbsp;&nbsp;***<u>DWS</u>*** | | | | |
| &nbsp;&nbsp;Long-term capital appreciation | &nbsp;&nbsp; DWS Global Small Cap VIP—Class A<br>DWS Investment Management Americas, Inc (Adviser)<br>| 0.87%\* | &nbsp;&nbsp;20.51% | &nbsp;&nbsp;6.74% | &nbsp;&nbsp;6.70% |
| &nbsp;&nbsp;Long-term capital growth | &nbsp;&nbsp; DWS International Opportunities VIP— Class A<br>DWS Investment Management Americas, Inc (Adviser)<br>| 0.86%\* | &nbsp;&nbsp;18.92% | &nbsp;&nbsp;3.13% | &nbsp;&nbsp;7.37% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***<u>FEDERATED HERMES</u> <br> <u>INSURANCE SERIES</u>*** |  |  |  |  |
| &nbsp;&nbsp;Seeks to maintain a stable net asset value (NAV) of $1.00 per share | &nbsp;&nbsp; Federated Hermes Government Money Fund II—Service Shares<br>Federated Hermes Investment Management (Adviser)<br>| 0.63%\* | &nbsp;&nbsp;3.73% | &nbsp;&nbsp;2.80% | &nbsp;&nbsp;1.73% |
| &nbsp;&nbsp;High current income and moderate capital appreciation | &nbsp;&nbsp; Federated Hermes Managed Volatility 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)<br>| 0.97%\* | &nbsp;&nbsp;7.03% | &nbsp;&nbsp;6.56% | &nbsp;&nbsp;6.85% |
| &nbsp;&nbsp;Current income | &nbsp;&nbsp; Federated Hermes Quality Bond Fund II—Primary Shares<br>Federated Hermes Investment Management Company (Adviser)<br>| 0.74%\* | &nbsp;&nbsp;7.08% | &nbsp;&nbsp;1.10% | &nbsp;&nbsp;2.99% |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;&nbsp;**Current <br> Expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total <br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total <br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total <br> Returns**<br> (as of 12/31/25) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;&nbsp;**Current <br> Expenses** | &nbsp;&nbsp;**1 Year** | &nbsp;&nbsp;&nbsp;&nbsp;**5 Year** | &nbsp;&nbsp;&nbsp;&nbsp;**10 Year** |
| &nbsp;&nbsp;Long-term capital appreciation &nbsp;&nbsp; Fidelity<sup>®</sup> VIP Contrafund<sup>®</sup> Portfolio<br> —Service Class 2<br>Fidelity Management & Research Company (FMR) (Adviser)<br>FMR Co., Inc. and other investment advisers (Subadviser)<br>| 0.79% | 21.24% | &nbsp;&nbsp;15.08% | &nbsp;&nbsp;15.49% |
| &nbsp;&nbsp;Capital appreciation &nbsp;&nbsp; Fidelity<sup>®</sup> VIP Growth Portfolio— Service Class 2<br>Fidelity Management & Research Company (FMR) (Adviser)<br>FMR Co., Inc. and other investment advisers (Subadviser)<br>| 0.80% | 14.63% | &nbsp;&nbsp;13.42% | &nbsp;&nbsp;17.16% |
| &nbsp;&nbsp;High level of current income, while also considering growth of capital &nbsp;&nbsp; Fidelity<sup>®</sup> VIP High Income Portfolio<br> —Service Class 2<br>Fidelity Management & Research Company (FMR) (Adviser)<br>FMR Co., Inc. and other investment advisers (Subadviser)<br>| 1.06%\* | &nbsp;&nbsp;10.31% | &nbsp;&nbsp;4.00% | &nbsp;&nbsp;5.34% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;&nbsp;&nbsp;**Investment Option and Adviser/ <br> Subadviser** | &nbsp;&nbsp;&nbsp;**Current <br> Expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total <br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total <br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total <br> Returns**<br> (as of 12/31/25) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;&nbsp;&nbsp;**Investment Option and Adviser/ <br> Subadviser** | &nbsp;&nbsp;&nbsp;**Current <br> Expenses** | &nbsp;&nbsp;&nbsp;&nbsp;**1 Year** | &nbsp;&nbsp;&nbsp;&nbsp;**5 Year** | &nbsp;&nbsp;&nbsp;&nbsp;**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; Fidelity<sup>®</sup> VIP Index 500 Portfolio— Service Class 2<br>Fidelity Management & Research Company (FMR) (Adviser)<br>Geode Capital Management, LLC (Geode<sup>®</sup>) and FMR Co., Inc. (Subadvisers)<br>| 0.34% | &nbsp;&nbsp;17.48% | &nbsp;&nbsp;14.03% | &nbsp;&nbsp;14.42% |
| &nbsp;&nbsp;Long-term growth of capital | &nbsp;&nbsp; Fidelity<sup>®</sup> VIP Mid Cap Portfolio— Service Class 2<br>Fidelity Management & Research Company (FMR) (Adviser)<br>| 0.80% | &nbsp;&nbsp;11.49% | &nbsp;&nbsp;9.83% | &nbsp;&nbsp;10.31% |
| &nbsp;&nbsp;Above-average income and long- term capital growth | &nbsp;&nbsp; Fidelity® VIP Real Estate Portfolio<br> —Service Class 2<br>Fidelity Management & Research Company (FMR) (Adviser)<br>FMR Co., Inc., FMR Investment Management (UK) Limited, and other advisers (Subadvisers)<br>| 0.85% | &nbsp;&nbsp;2.90% | &nbsp;&nbsp;3.98% | &nbsp;&nbsp;3.61% |
|  | &nbsp;&nbsp;***<u>FRANKLIN TEMPLETON <br> VARIABLE INSURANCE<br> PRODUCTS TRUST</u>*** |  |  |  |  |
| &nbsp;&nbsp;Capital appreciation, with income as a secondary goal | &nbsp;&nbsp; Franklin Mutual Shares VIP Fund— Class 2<br>Franklin Mutual Advisers, LLC (Adviser)<br>| 0.94% | &nbsp;&nbsp;11.52% | &nbsp;&nbsp;9.20% | &nbsp;&nbsp;7.53% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;&nbsp;&nbsp;**Investment Option and Adviser/ <br> Subadviser** | &nbsp;&nbsp;&nbsp;**Current <br> Expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;&nbsp;&nbsp;**Investment Option and Adviser/ <br> Subadviser** | &nbsp;&nbsp;&nbsp;**Current <br> Expenses** | &nbsp;&nbsp;&nbsp;&nbsp;**1 Year** | &nbsp;&nbsp;&nbsp;&nbsp;**5 Year** | &nbsp;&nbsp;&nbsp;&nbsp;**10 Year** |
| &nbsp;&nbsp;Long-term total return | &nbsp;&nbsp; Franklin Small Cap Value VIP Fund<br> —Class 2<br>Franklin Mutual Advisers, LLC (Adviser)<br>| 0.91%\* | &nbsp;&nbsp;7.65% | &nbsp;&nbsp;8.86% | &nbsp;&nbsp;9.81% |
| &nbsp;&nbsp;Income | &nbsp;&nbsp; Franklin U.S. Government Securities VIP Fund—Class 2<br>Franklin Advisers, Inc. (Adviser)<br>| 0.79% | &nbsp;&nbsp;6.69% | &nbsp;&nbsp;0.02% | &nbsp;&nbsp;1.14% |
| &nbsp;&nbsp;High level of current income, while also considering preservation and appreciation of capital | &nbsp;&nbsp; Templeton Global Bond VIP Fund— Class 2<br>Franklin Advisers, Inc. (Adviser)<br>| 0.75%\* | &nbsp;&nbsp; 15.73% | &nbsp;&nbsp;-0.96% | &nbsp;&nbsp;-0.15% |
| &nbsp;&nbsp;Capital growth over long term | &nbsp;&nbsp; LVIP J.P. Morgan Small Cap Core Fund —Service Class<br>Lincoln Financial Investments Corporation (Adviser)<br>J.P. Morgan Investment Management Inc. (Subadviser)<br>| 1.02% | &nbsp;&nbsp;10.00% | &nbsp;&nbsp;6.13% | &nbsp;&nbsp;8.66% |
|  | &nbsp;&nbsp;&nbsp;***<u>T. ROWE PRICE EQUITY SERIES</u>*** |  |  |  |  |
| &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; All-Cap Opportunities<br>&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Associates, Inc. (Adviser) | 0.80%\* | &nbsp;&nbsp;16.30% | &nbsp;&nbsp;12.22% | &nbsp;&nbsp;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; Equity Income Portfolio<br>&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Associates, Inc. (Adviser) | 0.74% | &nbsp;&nbsp;14.36% | &nbsp;&nbsp;11.17% | &nbsp;&nbsp;10.51% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;&nbsp;&nbsp;**Investment Option and Adviser/ <br> Subadviser** | &nbsp;&nbsp;&nbsp;**Current <br> Expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Average Annual Total<br> Returns**<br> (as of 12/31/25) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Investment Objective** | &nbsp;&nbsp;&nbsp;&nbsp;**Investment Option and Adviser/ <br> Subadviser** | &nbsp;&nbsp;&nbsp;**Current <br> Expenses** | &nbsp;&nbsp;**1 Year** | &nbsp;&nbsp;&nbsp;&nbsp;**5 Year** | &nbsp;&nbsp;&nbsp;&nbsp;**10 Year** |
| &nbsp;&nbsp;Highest total return over time consistent with emphasis on both capital growth and income | &nbsp;&nbsp; Moderate Allocation Portfolio<br>&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Associates, Inc. (Adviser)<br>| 0.85%\* | 14.50% | &nbsp;&nbsp;5.50% | &nbsp;&nbsp;7.84% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***<u>T. ROWE PRICE</u> <u><br> INTERNATIONAL SERIES</u>*** |  |  |  |  |
| &nbsp;&nbsp;Long-term growth of capital through investments primarily in common stocks of established non-U.S. companies | &nbsp;&nbsp; International Stock Portfolio<br> &nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Associates, Inc. (Adviser)<br>&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price International Ltd and<br> &nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Singapore Private Ltd (Subadvisers)<br>| 0.95%\* | 18.41% | &nbsp;&nbsp;3.92% | &nbsp;&nbsp;7.10% |

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

\*\*This Fund is closed to new investment. You can no longer allocate premiums or transfer Accumulated Value to the Subaccount that invests in this Fund.

The following describes the Declared Interest Option currently available under the Contract. We may change the method of crediting interest to the Declared Interest Option, provided that such changes do not reduce the guaranteed interest rate below 3% per annum or shorten the period for which the current interest rate applies to less than a Contract Year. We will provide you with written notice before doing so. For more information about the Declared Interest Option, please refer to "The Declared Interest Option" in your Contract prospectus.

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Name** | &nbsp;&nbsp;&nbsp;&nbsp;**Term** | &nbsp;&nbsp;&nbsp;&nbsp;**Minimum Guaranteed Interest<br> Rate** |
| &nbsp;&nbsp;&nbsp;&nbsp;Declared Interest Option | &nbsp;&nbsp;&nbsp;&nbsp;1 Contract Year | &nbsp;&nbsp;&nbsp;&nbsp;3% |

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**[Back Cover Page]**

Please retain this Annual Notice with your Contract prospectus for future reference. The last Prospectus and Statement of Additional Information as part of the registration statement we filed with the Securities and Exchange Commission (SEC) are dated May 1, 2009. Both documents contain additional important information about the Contract. 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 your Contract.

Reports and other information about the 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>

[C000060392]