# EDGAR Filing Document

**Accession Number:** 0001562577
**File Stem:** 0001562577-26-000151
**Filing Date:** 2026-4
**Character Count:** 77765
**Document Hash:** 7da526bed1b4e4e7fa286e9cc7bd875f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001562577-26-000151.hdr.sgml**: 20260414

**ACCESSION NUMBER**: 0001562577-26-000151

**CONFORMED SUBMISSION TYPE**: 497VPI

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260414

**EFFECTIVENESS DATE**: 20260414

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MEMBERS Life Insurance Co
- **CENTRAL INDEX KEY:** 0001562577
- **STANDARD INDUSTRIAL CLASSIFICATION:** LIFE INSURANCE [6311]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 391236386
- **STATE OF INCORPORATION:** IA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497VPI
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-271753
- **FILM NUMBER:** 26859557

**BUSINESS ADDRESS:**
- **STREET 1:** 2000 HERITAGE WAY
- **CITY:** WAVERLY
- **STATE:** IA
- **ZIP:** 50677
- **BUSINESS PHONE:** 608.238.5851

**MAIL ADDRESS:**
- **STREET 1:** 5910 MINERAL POINT ROAD
- **CITY:** MADISON
- **STATE:** WI
- **ZIP:** 53705

## Series and Classes Contracts Data

### MEMBERS Life Insurance Co (Series ID: S000089882)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000261255 | TruStage ZoneChoice Annuity |  |

**TruStage**<sup>®</sup> **ZoneChoice Annuity**

**Issued by:**

**MEMBERS Life Insurance Company**

**INITIAL SUMMARY PROSPECTUS FOR NEW INVESTORS**

**DATED MAY 1, 2026**

This Initial Summary Prospectus summarizes key features of the TruStage<sup>®</sup> ZoneChoice Annuity, an

individual or joint owned, single purchase payment deferred index-linked annuity contract. Before you

invest, you should also review the prospectus for the Contract, which contains more information about the

Contract's features, benefits, and risks. You can find this document and other information about the

Contract online at https://www.trustage.com/regulatory-documents. You can also obtain this information at

no cost by calling 1-800-798-5500 or by emailing AnnuityAndPRTManagersMail@trustage.com.

**If you are a new investor in the Contract, you may cancel your Contract within 10 days of receiving** 

**it without paying fees or penalties, though the calculation of Contract Value will include any** 

**applicable Equity Adjustment. In some states, this cancellation period may be longer. Upon** 

**cancellation, you will receive either a full refund of the amount you paid with your application (less** 

**any withdrawals) or your total Contract value, depending on the state in which your Contract was** 

**issued. You should review this prospectus, or consult with your investment professional, for** 

**additional information about the specific cancellation terms that apply.**

Additional information about certain investment products, including index-linked annuities, has been

prepared by the Securities and Exchange Commission's staff and is available at investor.gov/.

**Neither the SEC nor any state securities commission has approved or disapproved of these** 

**securities or determined if this Prospectus is truthful or complete. Any representation to the** 

**contrary is a criminal offense.** 

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
| **[GLOSSARY](#i896c3f5f5a08493688ad8ec131137eea)** | **[2](#i896c3f5f5a08493688ad8ec131137eea)** |
| **[OVERVIEW OF THE CONTRACT](#i5ba283e53cf04aff90a7d22b67fc2a37)** | **[5](#i5ba283e53cf04aff90a7d22b67fc2a37)** |
| **[KEY INFORMATION](#i689bd2647caa497e8321842bc8cffbd2)** | **[11](#i689bd2647caa497e8321842bc8cffbd2)** |
| **[BENEFITS AVAILABLE UNDER THE CONTRACT](#i24163ed434014c0ca6197cb24a82ec2b)** | **[15](#i24163ed434014c0ca6197cb24a82ec2b)** |
| **[BUYING THE CONTRACT](#idb74db8a63f240cfa4814e8f807f2b41)** | **[16](#idb74db8a63f240cfa4814e8f807f2b41)** |
| **[MAKING WITHDRAWALS: ACCESSING THE MONEY IN YOUR CONTRACT](#i5572d6e245f944b58a655f9c08b5bbef)** | **[17](#i5572d6e245f944b58a655f9c08b5bbef)** |
| **[ADDITIONAL INFORMATION ABOUT FEES](#i43c9693d25464f838f3e52f6091bde31)** | **[19](#i43c9693d25464f838f3e52f6091bde31)** |

---

---

| | |
|:---|:---|
| **APPENDIX - ALLOCATION OPTIONS AVAILABLE UNDER THE CONTRACT** | **A-1** |

---

**GLOSSARY**

**Accumulation Period.** The period of time that begins on the Contract Issue Date stated on the Data

Page and ends on the Income Payout Date or the date this Contract is terminated if earlier.

**Adjusted Index Return.** The Index Return for the current Interest Term adjusted for the Crediting

Strategy. This value is only calculated at the end of the Interest Term.

**Administrative Office.** MEMBERS Life Insurance Company, 2000 Heritage Way, Waverly, Iowa 50677.

Phone: 1-800-798-5500.

**Age.** Age as of last birthday.

**Allocation Options.** All available options under the Contract for allocating your Purchase Payment and

Contract Value.

**Annual Free Withdrawal Amount.** The amount that can be withdrawn each Contract Year without

incurring a Surrender Charge or Interest Adjustment. It is equal to 10% of the Contract Value determined

at the beginning of each Contract Year.

**Annuitant (Joint Annuitant).** The person(s) whose life (or lives) determines the income payment amount

payable under the Contract. If the Owner is a non-natural person, the Annuitant(s) is also the person(s)

whose death determines the Death Benefit.

**Authorized Request.** A request in Good Order and signed and dated by all Owners, including without

limitation a request to: transfer value, change a party to the Contract, change the Income Payout Date, or

make a partial withdrawal or full surrender of the Contract. An Authorized Request may also include a

phone, fax, or electronic request for specific transactions.

**Beneficiary.** The person(s) or entity named by the Owner to receive proceeds payable upon the death of

the first Owner or the first Annuitant if the Owner is a non-natural person.

**Buffer.** The maximum amount of negative interest assumed by the Company for an Interest Term, and

any additional negative interest will be credited to the Risk Control Account.

**Business Day.** Any day that the New York Stock Exchange is open for trading. All requests for

transactions that are received at our Administrative Office in Good Order on any Business Day prior to

market close, generally 4:00 P.M. Eastern Time, will be processed as of the end of that Business Day.

**Cap Rate.** The maximum amount of interest the Company will credit to the Risk Control Account for an

Interest Term.

**Company.** MEMBERS Life Insurance Company; also referred to as "we", "our" and "us".

**Contract.** The TruStage<sup>®</sup> ZoneChoice Annuity, an individual or joint owned, single premium deferred

annuity contract with index-linked interest options issued by MEMBERS Life Insurance Company.

**Contract Anniversary.** The same day and month as the Contract Issue Date for each year the Contract

remains in force.

**Contract Issue Date.** The day your Contract is issued. This date will be used to determine Contract

Years and Contract Anniversaries.

**Contract Value.** The total value of your Contract during the Accumulation Period. All values are

calculated as of the end of a Business Day.

**Contract Year.** Any twelve-month period beginning on the Contract Issue Date or Contract Anniversary

and ending one day before the next Contract Anniversary.

**Crediting Base.** The amount used to calculate the Risk Control Account Value. It is equal to the amount

allocated to a Risk Control Account at the start of the Interest Term, reduced proportionally for any

withdrawals and Flex Transfers.

**Crediting Strategy.** The method by which interest is calculated for an Allocation Option during the

Interest Term.

**Data Page.** Pages attached to your Contract that describe certain terms applicable to your specific

Contract.

**Death Benefit**. The amount the Beneficiary is entitled to upon the death of an Owner who is a natural

person or the death of an Annuitant if the Owner is a non-natural person.

**Declared Interest Rate.** The effective annual rate of interest credited to the Declared Rate Account. The

Declared Interest Rate will never be lower than the Minimum Interest Rate.

**Declared Rate Account.** An Allocation Option to which we credit a fixed annual rate of interest referred to

as the Declared Interest Rate.

**Equity Adjustment.** Used to calculate the Risk Control Account Value during the Interest Term. This

adjustment (increase or decrease) will be applied to any distribution prior to the end of an Interest Term,

including a partial withdrawal, Flex Transfer, a full surrender of the Contract, the Death Benefit, or the

Contract Value applied to an Income Payout Option. Reflects the value of derivative instruments that

hedge market risks associated with the Risk Control Accounts. The Equity Adjustment is calculated

separately for each Risk Control Account at the end of each Business Day except the last day of an

Interest Term. The Equity Adjustment varies based on the Crediting Strategy. The Equity Adjustment does

not apply to Contract Value in the Declared Rate Account.

**Flex Transfer.** The voluntary transfer of some or all of the value in any Risk Control Account to the

Declared Rate Account prior to the end of the Interest Term.

**Floor.** The maximum amount of negative interest for an Interest Term used to determine the Adjusted

Index Return that may be credited to the Risk Control Account for an Interest Term.

**General Account.** All of the Company's assets other than the assets in its separate accounts.

**Good Order.** A request or transaction generally is considered in "Good Order" if we receive it at our

Administrative Office within the time limits, if any, prescribed in this Prospectus for a particular transaction

or instruction, it includes all information and supporting legal documentation necessary for us to execute

the requested instruction or transaction, and is signed by the individual or individuals authorized to

provide the instruction or engage in the transaction. A request or transaction may be rejected or delayed if

not in Good Order. This information and documentation necessary for a transaction or instruction

generally includes, to the extent applicable: the completed application or instruction form; your contract

number; the transaction amount (in dollars or percentage terms); the signatures of all Owners (exactly as

indicated on the Contract), if necessary; Social Security Number or Tax I.D.; and any other information or

supporting documentation that we may require, including any consents. With respect to the Purchase

Payment, Good Order also generally includes receipt by us of sufficient funds to affect the purchase. We

may, in our sole discretion, determine whether any particular transaction request is in Good Order, and we

reserve the right to change or waive any Good Order requirement at any time. If you have any questions,

you should contact us or your financial professional before submitting the form or request.

**Income Payout Date.** The date the first income payment is paid from the Contract to the Owner.

**Income Payout Option.** The choices available under the Contract for payout of your Contract Value.

**Index, Indices.** The reference index (or indices) that is a benchmark designed to track the performance

of a portfolio of securities and is used to determine the Index Return, Adjusted Index Return, and Equity

Adjustment for a Crediting Strategy.

**Index Return**. The percentage change in the reference Index from the beginning of the Interest Term to

the end of the Interest Term.

**Index Value**. The closing value for the reference Index as of the end of a Business Day.

**Interest Adjustment.** An adjustment (increase or decrease) that may be applied to any withdrawal,

surrender, or distribution from the Contract (including Death Benefit or Contract Value applied to an

Income Payout Option) prior to the end of the six-year rolling period beginning on the Contract Issue

Date. The Interest Adjustment reflects the change in the value of the investments that support the

guarantees under the Contract. Rates used in determining the Interest Adjustment are reset every sixth

Contract Anniversary. The Interest Adjustment will always apply for the six-year rolling period beginning

on the Contract Issue Date even if the Allocation Options elected have an Interest Term of less than six

years. The Interest Adjustment does not apply to transfers (including Flex Transfers) or to the Annual Free

Withdrawal Amount.

**Interest Term.** The period for which interest is calculated for an Allocation Option. The Interest Term may

vary by Allocation Option. Interest Terms will start and end on a Contract Anniversary, unless otherwise

specified.

**Internal Revenue Code (IRC)**. The Internal Revenue Code of 1986, as amended.

**Minimum Interest Rate**. The minimum effective annual rate of interest we will credit to the Declared Rate

Account.

**Non-Qualified Contract**. An annuity contract that is independent of any formal retirement or pension

plan.

**Owner (Joint Owner).** The person(s) or entity who own(s) the Contract and has (have) all rights under

the Contract. Unless owned by a non-natural person, the Owner is also the person(s) whose death

determines the Death Benefit. The Owner is also referred to as "you" or "your".

**Participation Rate.** The percentage that may be applied to an Index Return to determine the Adjusted

Index Return. If the Participation Rate is less than 100%, it will limit the amount of interest credited by the

Company to the Risk Control Account.

**Payout Period.** The period of time that begins on the Income Payout Date and continues until we make

the last payment as provided by the Income Payout Option chosen.

**Purchase Payment.** The amount paid to us, by or on behalf of an Owner, that is used to establish the

annuity on the Contract Issue Date. We do not allow any additional Purchase Payments.

**Qualified Contract**. An annuity that is part of an individual retirement plan, pension plan or employer-

sponsored retirement program that is qualified for special treatment under the Internal Revenue Code.

**Required Minimum Distributions.** The required minimum distribution (RMD) defined by section

401(a)(9) of the IRC for the Contract and as determined by us. RMDs only apply to Qualified Contracts.

**Risk Control Account.** An Allocation Option to which we credit interest based in part on the performance

of an Index, subject to the Crediting Strategy.

**Risk Control Account Value.** The portion of the Contract Value in a Risk Control Account.

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

**Spouse**. The person to whom you are legally married. The term Spouse includes the person with whom

you have entered into a legally-sanctioned marriage that grants you the rights, responsibilities, and

obligations married couples have in accordance with applicable state laws*.* Individuals who do not meet

the definition of Spouse may have adverse tax consequences when exercising provisions under this

Contract and any attached endorsements or riders. Additionally, individuals in other arrangements that are

not recognized as marriage under the relevant state law will not be treated as married or as Spouses as

defined in this Contract for federal tax purposes. Consult with a tax advisor for more information on this

subject and before exercising benefits under the Contract and any attached endorsements or riders.

**Surrender Charge**. The charge associated with surrendering either some or all of the Contract Value.

**Surrender Value.** The amount you are entitled to receive if you elect to surrender this Contract during the

Accumulation Period.

**Valuation Period**. The period beginning at the close of one Business Day and continuing to the close of

the next succeeding Business Day.

**OVERVIEW OF THE CONTRACT**

The following is a summary of the key features of the Contract. This summary does not include all the

information you should consider before purchasing a Contract. You should carefully read the entire

Prospectus, which contains more detailed information concerning the Contract and the Company, before

making an investment decision.

You should speak with a financial professional about the Contract's features, benefits, risks, and fees, and

whether it is appropriate for you based upon your financial situation and objectives. The Company is not

an investment adviser and does not provide any investment advice to you in connection with the Contract.

The availability of Allocation Options, Contract benefits, and other Contract features described in this

Prospectus may vary by state and depending on the broker-dealer through which the Contract is sold.

**Purpose**

The Contract is an individual or joint owned, single premium deferred annuity contract with index-linked

interest options. It can help you save for retirement by allowing your Contract Value to earn interest from

the Risk Control Accounts and/or Declared Rate Account on a tax-deferred basis and by providing the

opportunity for lifetime payments. You generally will not pay taxes on your earnings (your Contract Value

minus the portion of your Purchase Payment not previously withdrawn) until you withdraw them.

The Contract is designed for long-term investors and is not intended for someone who needs ready

access to cash.

**Purchase and Contract Periods**

You may purchase the Contract with a single Purchase Payment of at least $5,000. **You may not make** 

**additional Purchase Payments.**

There are two periods to your Contract: an Accumulation Period and a Payout Period.

***Accumulation Period.*** The Accumulation Period begins on the Contract Issue Date and continues until

the Income Payout Date or the date the Contract is terminated if earlier. During the Accumulation Period,

you allocate your Contract Value to the Risk Control Accounts and the Declared Rate Account.

**Additional information about each Allocation Option is provided in <u>[Appendix A](#ib8d3727aec3c45f8b6bd54df7ef02ebf_28)</u>.**

***Payout Period.*** The Payout Period begins on the Income Payout Date and continues until we make the

last payment as provided by the Income Payout Option chosen. On the first day of the Payout Period, the

Contract Value, including any applicable Equity Adjustment and Interest Adjustment, will be applied to the

Income Payout Option you selected. You cannot change the Annuitant or Owner on or after the Income

Payout Date for any reason. When the Payout Period begins, you will no longer be able to make

withdrawals. The Death Benefit terminates when the Contract is applied to an Income Payout Option.

**Allocation Options**

You must specify the percentage of your Purchase Payment to be allocated to each Allocation Option on

the Contract Issue Date. Your Purchase Payment and Contract Value will be allocated according to your

allocation instructions on file with us. The current Allocation Options under the Contract are shown in the

table below. The availability of Allocation Options may vary by state and depending on the broker-dealer

through which the Contract is sold.

---

| | | | |
|:---|:---|:---|:---|
| **ALLOCATION OPTIONS**<br>**FOR CONTRACTS ISSUED AFTER MAY 25, 2023** | **ALLOCATION OPTIONS**<br>**FOR CONTRACTS ISSUED AFTER MAY 25, 2023** | **ALLOCATION OPTIONS**<br>**FOR CONTRACTS ISSUED AFTER MAY 25, 2023** | **ALLOCATION OPTIONS**<br>**FOR CONTRACTS ISSUED AFTER MAY 25, 2023** |
| **Risk Control Account Crediting Strategy: Floor with Cap Rate** | **Risk Control Account Crediting Strategy: Floor with Cap Rate** | **Risk Control Account Crediting Strategy: Floor with Cap Rate** | **Risk Control Account Crediting Strategy: Floor with Cap Rate** |
| *Index* | *Interest Term* | *Crediting Strategy* | *Minimum Guarantee\** |
| S&P 500 Index | 1-Year | Floor: 0% to -10% in 1% increments<br>Cap Rate<br>| Cap Rate: 1% |
| Dimensional US Small Cap<br>Value Systematic Index <br>| 1-Year | Floor: 0% to -10% in 1% increments<br>Cap Rate<br>| Cap Rate: 1% |
| Barclays Risk Balanced Index | 1-Year | Floor: 0% to -10% in 1% increments<br>Cap Rate<br>| Cap Rate: 1% |
| **Risk Control Account Crediting Strategy: Buffer with Cap Rate** | **Risk Control Account Crediting Strategy: Buffer with Cap Rate** | **Risk Control Account Crediting Strategy: Buffer with Cap Rate** | **Risk Control Account Crediting Strategy: Buffer with Cap Rate** |
| *Index* | *Interest Term* | *Crediting Strategy* | *Minimum Guarantee\** |
| S&P 500 Index | 1-Year | Buffer: -10%<br>Cap Rate<br>| Cap Rate: 1% |
| Dimensional US Small Cap<br>Value Systematic Index <br>| 1-Year | Buffer: -10%<br>Cap Rate<br>| Cap Rate: 1% |
| **Risk Control Account Crediting Strategy: Buffer with Participation Rate** | **Risk Control Account Crediting Strategy: Buffer with Participation Rate** | **Risk Control Account Crediting Strategy: Buffer with Participation Rate** | **Risk Control Account Crediting Strategy: Buffer with Participation Rate** |
| *Index* | *Interest Term* | *Crediting Strategy* | *Minimum Guarantee\** |
| S&P 500 Index | 6-Year | Buffer: -10% and -20%<br>Participation Rate<br>| Participation Rate: 10% |
| Dimensional US Small Cap<br>Value Systematic Index <br>| 6-Year | Buffer: -10% and -20%<br>Participation Rate<br>| Participation Rate: 10% |
| Barclays Risk Balanced Index | 6-Year | Buffer: -10% and -20%<br>Participation Rate<br>| Participation Rate: 10% |
| **Declared Rate Option** | **Declared Rate Option** | **Declared Rate Option** | **Declared Rate Option** |
| *Account* | *Interest Term* | *Crediting Strategy* | *Minimum Guarantee* |
| Declared Rate Account | 1-Year | Declared Rate | Minimum Interest Rate |

---

The Floor and Buffer for an Allocation Option will not change during the life of your Contract unless the

Allocation Option is discontinued. During the life of your Contract, an Allocation Option with a Floor of 0%

will always be available. We may not always make available Allocation Options with Buffers, however, if

one is available, a Buffer of -10% or more will be available. **Otherwise, we may add, change, or** 

**discontinue Allocation Options and Indices from time to time. The remaining Allocation Options** 

**may have terms that are unacceptable to you and may not provide any protection from Index** 

**losses, which could result in the loss of the entire amount of your Contract Value.** 

***Interest Terms and Reallocations.*** Each Allocation Option is available on the Contract Issue Date and at

the end of the Interest Term. For example, after the Contract Issue Date, an Allocation Option with a one-

year Interest Term is available every Contract Anniversary, whereas an Allocation Option with a six-year

Interest Term is available every sixth Contract Anniversary. This means that the six-year Interest Term will

not be available for you to allocate Contract Value to on every Contract Anniversary. If we add an

Allocation Option, you will not be able to allocate your Contract Value to the new Allocation Option until

the start of the next available Interest Term for that Allocation Option. Additionally, the six-year Interest

Term is unavailable as a reallocation option if the Income Payout Date is less than six years from the start

of the Interest Term.

At least two weeks before the end of an Interest Term, we will notify you of the available Allocation

Options to which you may transfer maturing Contract Value. The Risk Control Accounts available to you

and their terms (such as the Interest Term, Index, and Crediting Strategies) may differ from what was

previously available. If we do not receive transfer instructions by Authorized Request at least one

Business Day before the end of the current Interest Term, we will apply the value of the maturing Contract

Value to a new Interest Term of the same Allocation Option. If the same Risk Control Account is not

available, we will apply the value to the Declared Rate Account.

New transfer instructions by Authorized Request will supersede any prior transfer instructions for a given

Allocation Option. Except for Flex Transfers (available to Contracts issued after May 25, 2023), transfers

are not permitted during an Interest Term. For example, you may not transfer values from the Declared

Rate Account to any Risk Control Account or transfer values among Risk Control Accounts during an

Interest Term.

You should understand the difference between the 6-year Interest Term and the 1-year Interest Term. For

the 6-year Interest Term, interest is not calculated or credited until the end of the Interest Term; therefore,

the Crediting Strategy factors (i.e., the Buffer and Participation Rate) only apply at the end of the Interest

Term and not annually. **As described below, the application of the Equity Adjustment to withdrawals** 

**before the end of the Interest Term could significantly reduce the values under the Contract and** 

**the amount you receive from any payments. Moreover, only the Crediting Base remaining in a** 

**Risk Control Account after the withdrawal or transfer will be credited interest, positive or negative,** 

**at the end of the Interest Term.**

***Declared Rate Account****.* The portion of your Contract Value allocated to the Declared Rate Account is

credited interest daily based on the Declared Interest Rate. The Declared Interest Rate will never be less

than the Minimum Interest Rate. The initial Declared Interest Rate is available in advance of the Contract

Issue Date and will be provided by your financial professional or by calling the Company at

1-800-798-5500. The Declared Interest Rate for the initial Interest Term is shown on your Contract Data

Page. We will notify you of Declared Interest Rates for each subsequent Interest Term at least two weeks

before the end of the current Interest Term, or you can contact your financial professional or the

Company at 1-800-798-5500 to obtain current rates.

***Risk Control Accounts****.* The portion of your Contract Value allocated to a Risk Control Account is

credited with interest, if any, based in part on the investment performance of an external Index over the

Interest Term, subject to the Crediting Strategy unique to each Risk Control Account (shown in the table

above). For each Risk Control Account, the Index Return, which can be positive or negative, is calculated

by comparing the change in the Index from the first day of the Interest Term to the last day of the Interest

Term.

**The Indices can go up or down based on the prices of the securities that comprise the reference** 

**Index. Except for the Barclays Risk Balanced, each Index associated with the Risk Control** 

**Accounts is a "price return index," which means the Index performance does not include** 

**dividends paid on the securities comprising the Index. This will reduce Index performance and** 

**cause the Index to underperform a direct investment in the underlying securities.** The Barclays

Risk Balanced Index reinvests dividends but deducts certain fees. These deductions will reduce Index

performance, and the Index will underperform similar portfolios from which these fees and costs are not

deducted. Because the Index Return is calculated and applied at a single point in time, you may

experience negative or flat performance even though the Index experienced gains through some, or most,

of the Interest Term. **It is possible that you will not earn any interest in a Risk Control Account or** 

**that we may credit negative interest to the Risk Control Accounts. You could lose a significant** 

**amount of money if the Index declines in value**.

Each Risk Control Account has a Crediting Strategy that provides a level of downside protection: Floor or

Buffer. The Floor and Buffer may provide protection by limiting the amount of negative Index interest

credited to you from negative Index performance. **The Floor and Buffer do not limit losses from the** 

**Surrender Charge, Interest Adjustment, Equity Adjustment, proportionate calculations, or taxes.**

• The Floor is the maximum amount of negative interest that we will credit you at the end of an

Interest Term. Negative Index performance will reduce your Risk Control Account Value by up to

the amount of the Floor you elected. For example, if you elect a Floor of 0%, a negative Index

Return will not reduce your Risk Control Account Value. If you elect a Floor of -10%, negative

Index performance could reduce your Risk Control Value by up to 10% each Interest Term. We

currently offer eleven Floor options: 0%, -1%, -2%, -3%, -4%, -5%, -6%, -7%, -8%, -9%, and

-10%. During the life of your Contract, an Allocation Option with a Floor of 0% will always be

available. **There is a risk of loss of principal and previously credited interest of up to the** 

**Floor (a maximum loss of 10% with a Floor of -10%) each Interest Term due to negative** 

**Index performance.**

• The **Buffer** provides you limited protection each Interest Term against negative Index

performance up to the Buffer, but we will credit you any negative interest that exceeds the Buffer.

For example, if you choose a -10% Buffer and the Index Return is -5%, your Risk Control Account

value will not increase or decrease, because the negative Index performance does not exceed

the Buffer. However, if you choose a -10% Buffer and the Index Return is -15%, your Risk Control

Account Value will decrease by 5%, which is the amount of negative interest that exceeds the

Buffer. We currently offer Risk Control Account with a -10% Buffer for Contracts issued on or

before May 25, 2023, and with a -10% and a -20% Buffer for Contracts issued after May 25,

2023. We may not always make available Allocation Options with Buffers, but if we do, a Buffer of

-10% or more will be available. **There is a risk of loss of principal and previously credited** 

**interest of up to the amount of any negative Index performance that exceeds the Buffer (a** 

**maximum loss of 90% with a Buffer of -10%, if the Index declines by 100%) each Interest** 

**Term due to negative Index performance.** 

Each Risk Control Account also has a Crediting Strategy for crediting Index Interest: the Cap Rate and

Participation Rate. The Cap Rate and Participation Rate may limit the amount of interest you can earn

from positive Index performance.

• The **Cap Rate** is the maximum amount of any positive Index interest that we will credit you at the

end of an Interest Term. Positive Index performance will increase your Risk Control Account Value

by up to the Cap Rate. For example, if the Index Return is 15% and the Cap Rate is 10%, we

would credit you 10%. Generally, the Cap Rate varies according to the level of risk you accept in

choosing a Floor or Buffer. For example, the Cap Rate would be higher for the -10% Floor

(allowing potentially greater increases and decreases) and lower for the 0% Floor (limiting the

amount of potential increases and decreases). Similarly, the Cap Rate will also be higher for a

-10% Buffer than for a -20% Buffer. We reset the Cap Rates at the start of each Interest Term.

The Cap Rate will never be less than 1%. **With the Cap Rate, you may receive only a portion** 

**of any positive Index performance**.

• The **Participation Rate** is the percentage of any positive Index interest that we will credit you at

the end of an Interest Term. If the Participation Rate is less than 100%, it will limit the amount of

interest credited by the Company. For example, if the Index Return is 15% and the Participation

Rate is 80%, the Company will credit 12% (i.e., 15% x 80%). If the Index Return is 15% and the

Participation Rate is 120%, the Company will credit 18% (i.e., 15% x 120%). The minimum

Participation Rate is 10%. **With the Participation Rate, you may receive only a portion of any** 

**positive Index performance.**

***Changes to Rates.*** We set the Cap Rate and Participation Rate at the start of each Interest Term and

guarantee them for the duration of the Interest Term. The initial Cap Rate and Participation Rate are

available at least two weeks in advance of the Contract Issue Date and will be provided by your financial

professional or by calling the Company at 1-800-798-5500. We may declare a new Cap Rate or

Participation Rate for each subsequent Interest Term and will notify you of any new rates at least two

weeks before the end of the current Interest Term. Information about the current Cap Rates and

Participation Rates can be located at: https://www.trustage.com/zonechoice-annuity-rates.

***Other Changes to Allocation Options.*** We may offer additional Allocation Options at our discretion,

which includes offering an additional Index, Crediting Strategy, or Interest Term. We may also discontinue

an Allocation Option or Index at our discretion effective as of the end of an Interest Term, or under certain

circumstances, before the end of an Interest Term. **An Index or Allocation Option change may** 

**negatively affect interest credited and your resulting Contract Value, as well as how you want to** 

**allocate Contract Value between available Allocation Options.** 

**Withdrawal Options, Transfers, and Adjustments**

**The Contract may not be appropriate for you if you intend to take partial withdrawals (including** 

**systematic withdrawals and Required Minimum Distributions) or surrender the Contract.** However,

the Contract does offer the following liquidity features during the Accumulation Period.

• Annual Free Withdrawal Amount - Each Contract Year, you may withdraw up to the Annual Free

Withdrawal Amount without incurring a Surrender Charge or Interest Adjustment. Any unused

Annual Free Withdrawal Amount will not carry over to any subsequent Contract Year. The Annual

Free Withdrawal Amount is subject to the Equity Adjustment and proportionate calculations.

• Systematic Withdrawals - You may elect to receive payments, monthly, quarterly, semi-annually,

or annually, subject to the $100 minimum partial withdrawal amount and minimum Surrender

Value. Surrender Charges and an Equity Adjustment and Interest Adjustment may apply. Although

the Contract permits systematic withdrawals (including for Required Minimum Distributions under

the Internal Revenue Code) from Risk Control Accounts, these withdrawals may have an adverse

effect on your values under the Contract. If you intend to make ongoing withdrawals, you should

consult a financial professional to determine whether the Contract is appropriate for you.

• Partial Withdrawals - You may make partial withdrawals during the Accumulation Period by

Authorized Request. Any applicable Surrender Charge, Interest Adjustment, Equity Adjustment,

and proportionate calculations will affect the amount available for a partial withdrawal. A partial

withdrawal may reduce your Death Benefit and the Crediting Base by more than the amount of

the partial withdrawal. Additionally, only the Crediting Base remaining in the Risk Control Account

after a withdrawal will be credited interest, positive or negative, at the end of the Interest Term.

• Full Surrender - You may surrender your Contract during the Accumulation Period by Authorized

Request. Upon full surrender, a Surrender Charge, Equity Adjustment, and Interest Adjustment

may apply, and may reflect a negative return.

For Contracts issued after May 25, 2023, during an Interest Term, you may make an Authorized Request

for a Flex Transfer of some or all of the Risk Control Account Value from any Risk Control Account to the

Declared Rate Account. The amount transferred is subject to the Equity Adjustment (which may reflect

a positive or negative return) and will reduce the Crediting Base of the Risk Control Account

proportionally. If you make a Flex Transfer when there is a negative Equity Adjustment, you may

transfer at a loss, which means your remaining Crediting Base will be reduced by more than the

transferred amount, and that reduction could be substantial. Additionally, only the Crediting Base

remaining after the Flex Transfer will be credited index interest, positive or negative, at the end of the

Interest Term. **The decision to make a Flex Transfer could therefore significantly negatively** 

**impact your Risk Control Account Value, which impacts other values under the Contract and** 

**the amount you receive from any payments**.

Withdrawals, Flex Transfers, and surrenders can significantly reduce the values under the Contract and

the amount you receive from any payments. Withdrawals, Flex Transfers, and surrenders on any date

other than the first and late day of an Interest Term will be subject to the Equity Adjustment. Withdrawals

and surrenders on any date other than each sixth Contract Anniversary will be subject to the Interest

Adjustment. The Equity Adjustment and Interest Adjustment may be positive or negative and could result

in the loss of principal and previously credited interest and may significantly decrease the amount you

receive upon surrender or partial withdrawal. **It is possible in extreme circumstances to lose up to** 

**100% of your principal and previously credited interest due to the Surrender Charge, Equity** 

**Adjustment, Interest Adjustment, and proportionate calculations, regardless of the Allocation** 

**Option to which you allocated Contract Value.** Withdrawals and surrenders are subject to federal

income taxes and may be subject to a 10% additional tax if taken before the Owner is age 59½.

**Other Contract Features**

***Death Benefit.*** The Death Benefit during the Accumulation Period is equal to the greater of Contract

Value (including any applicable Equity Adjustment or Interest Adjustment) or the Purchase Payment

adjusted for withdrawals as of the date the Death Benefit is payable. **Withdrawals and Flex Transfers** 

**could significantly reduce the Death Benefit, perhaps by substantially more than the amount of** 

**the withdrawal or transfers, because of the Equity Adjustment, Interest Adjustment, and the** 

**calculation of withdrawals on a proportionate basis when determining the Death Benefit.** We do not

apply a Surrender Charge in determining the Death Benefit.

***Income Payout Options.*** You have several income options to choose from during the Payout Period.

***Right to Examine.*** You may cancel your Contract and return it to your financial professional or to us

within a certain number of days after you receive the Contract and receive a refund of either the Purchase

Payment you paid less withdrawals or your Contract Value, depending on the state in which your Contract

was issued. .

Please call your financial professional or the Company at 1-800-798-5500 if you have questions about

how your Contract works.

**KEY INFORMATION**

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| | | |
|:---|:---|:---|
| **IMPORTANT INFORMATION YOU SHOULD CONSIDER** <br>**ABOUT THE TRUSTAGE™ ZONECHOICE ANNUITY** | **IMPORTANT INFORMATION YOU SHOULD CONSIDER** <br>**ABOUT THE TRUSTAGE™ ZONECHOICE ANNUITY** | **IMPORTANT INFORMATION YOU SHOULD CONSIDER** <br>**ABOUT THE TRUSTAGE™ ZONECHOICE ANNUITY** |
| **FEES, EXPENSES, AND ADJUSTMENTS** | **FEES, EXPENSES, AND ADJUSTMENTS** | Location in <br>Prospectus<br>|
| **Are There Charges** <br>**or Adjustments for** <br>**Early Withdrawals?**<br>| **Yes.** If you surrender your Contract or take a withdrawal <br>during the first six Contract Years, you may pay a Surrender <br>Charge on the amount withdrawn in excess of the Annual <br>Free Withdrawal Amount. <br>•For Contracts issued on or before May 25, 2023, the <br>Surrender Charge is up to 9%. For example, if you were <br>to surrender your Contract during the first Contract Year, <br>you could pay a surrender charge of up to $8,100 on a <br>$100,000 investment. <br>•For Contracts issued after May 25, 2023, the Surrender <br>Charge is up to 8%. For example, if you were to <br>surrender your Contract during the first Contract Year, <br>you could pay a surrender charge of up to $7,200 on a <br>$100,000 investment. <br>Your loss will be greater if there is a negative Interest <br>Adjustment, negative Equity Adjustment, income taxes, or an <br>additional tax. <br>If you surrender your Contract or take a withdrawal from any <br>Allocation Option on any day other than every sixth Contract <br>Anniversary, we will apply an Interest Adjustment (which may <br>be positive or negative) to the amount being withdrawn that is <br>in excess of the Annual Free Withdrawal Amount. <br>If you surrender your Contract or take a withdrawal from a <br>Risk Control Account before the expiration of an Interest <br>Term, we will apply an Equity Adjustment (which may reflect a <br>positive or negative return) to the amount being withdrawn <br>and will reduce the Crediting Base proportionally. <br>A negative Equity Adjustment or negative Interest Adjustment <br>could result in the loss of your principal and previously <br>credited interest, regardless of the Allocation Option to which <br>you allocated Contract Value. In extreme circumstances, <br>such losses could be as high as 100% of your Contract Value <br>($100,000 of a $100,000 investment). | Fee Table<br>Charges and <br>Adjustments<br>|
| **Are There** <br>**Transaction** <br>**Charges?**<br>| **No.** |  |

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| | | |
|:---|:---|:---|
| **Are There Ongoing** <br>**Fees and** <br>**Expenses?**<br>| **Yes. There is an implicit ongoing fee on the Risk Control** <br>**Accounts to the extent that the Cap Rate or Participation** <br>**Rate limits your participation in Index gains.** <br>This means your returns may be lower than the Index's <br>returns; however, in exchange for accepting limits on Index <br>gains, you receive some protection from Index losses through <br>the Floors and Buffers. <br>Please refer to your Data Page for information about the <br>specific implicit fees you will pay each year based on the <br>options you have elected. | Fee Table<br>Charges and <br>Adjustments<br>|
| **RISKS** | **RISKS** | Location in <br>Prospectus<br>|
| **Is There a Risk of** <br>**Loss from Poor** <br>**Performance?**<br>| **Yes.** You can lose money by investing in the Contract, <br>including loss of principal and previously credited interest, <br>due to negative Index performance. <br>There is a risk of loss of principal and previously credited <br>interest of up to the Floor (a maximum loss of 10% with a <br>Floor of -10%) each Interest Term due to negative Index <br>performance. <br>There is a risk of loss of principal and previously credited <br>interest of up to the amount of any negative Index <br>performance that exceeds the Buffer (a maximum loss of <br>90% with a Buffer of -10%) each Interest Term due to <br>negative Index performance. <br>**During the life of your Contract, the Declared Rate** <br>**Account and a Risk Control Account with a 0% Floor will** <br>**always be available. Otherwise, we may add, change, or** <br>**discontinue Allocation Options and Indices from time to** <br>**time. The remaining Allocation Options may have terms** <br>**that are unacceptable to you and may not provide any** <br>**protection from Index losses, which could result in the** <br>**loss of the entire amount of your Contract Value.** | Principal Risks of <br>Investing in the <br>Contract<br>|

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| | | |
|:---|:---|:---|
| **Is this a Short-Term** <br>**Investment?**<br>| **No.** The Contract is not a short-term investment and is not <br>appropriate if you need ready access to cash. The benefits of <br>tax deferral mean that the Contract is more beneficial if you <br>have a long time horizon.<br>Withdrawals and surrenders may be subject to a Surrender <br>Charge, an Interest Adjustment (which may be positive or <br>negative), an Equity Adjustment (which may be positive or <br>negative), and federal and state income taxes, and, if taken <br>before age 59½, a 10% additional tax. Withdrawals will also <br>reduce the Death Benefit and Contract Values, perhaps by <br>significantly more than the amount of the withdrawal.<br>At least two weeks before the end of an Interest Term, you <br>will be notified of the available Allocation Options to which <br>you may transfer maturing Contract Value. The new <br>Allocation Options may have different Interest Terms and <br>Crediting Strategies than what was previously available. If we <br>do not receive transfer instructions by Authorized Request at <br>least one Business Day before the end of the current Interest <br>Term, we will apply the maturing Contract Value to a new <br>Interest Term of the same Allocation Option. If the same <br>Allocation Option is not available, we will apply the value to <br>the Declared Rate Account. Values applied to the Declared <br>Rate Account may earn a lower return than they would have <br>earned in the discontinued Risk Control Account. | Principal Risks of <br>Investing in the <br>Contract<br>Charges and <br>Adjustments<br>Federal Income <br>Tax Matters<br>|
| **What Are the Risks** <br>**Associated with the** <br>**Allocation** <br>**Options?**<br>| An investment in the Contract is subject to the risk of poor <br>investment performance and can vary depending on the <br>performance of the Allocation Options available under the <br>Contract. Each Allocation Option, including the Risk Control <br>Accounts and the Declared Rate Account, has its own unique <br>risks. You should review the Allocation Options carefully <br>before making an investment decision.<br>The Cap Rate and Participation Rate may limit positive Index <br>returns. For example, if the Index performance is 12%, and <br>the Cap Rate is 4%, we will credit 4% in interest at the end of <br>the Interest Term. If the Index Return is 15% and the <br>Participation Rate is 10%, the Company will credit 1.50% <br>(i.e., 15% x 10%). You may earn less than the Index <br>performance as a result.<br>The Floor and Buffer will limit negative Index performance <br>and thereby provide limited protection in the case of a market <br>decline. For example, if the Index performance is -25% and <br>the Floor is -10%, we will credit -10% at the end of the <br>Interest Term. If the Index performance is -25% and the <br>Buffer is -10%, we will credit -15% at the end of the Interest <br>Term. <br>Except for the Barclays Risk Balanced, each Index <br>associated with the Risk Control Accounts is a "price return <br>index," which means the Index performance does not include <br>dividends paid on the securities comprising the Index. This <br>will reduce Index performance and will cause the Index to <br>underperform a direct investment in the underlying securities. <br>The Barclays Risk Balanced Index reinvests dividends but <br>deducts certain fees. These deductions will reduce Index <br>performance, and the Index will underperform similar <br>portfolios from which these fees and costs are not deducted. | Principal Risks of <br>Investing in the <br>Contract<br>Risk Control <br>Account Options<br>Appendix A<br>|

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| | | |
|:---|:---|:---|
| **What Are the Risks** <br>**Related to the** <br>**Insurance** <br>**Company?**<br>| An investment in the Contract is subject to the risks related to <br>the Company. Any obligations (including under the Declared <br>Rate Account and the Risk Control Accounts), guarantees <br>(such as the Death Benefit), or benefits are subject to the <br>Company's claims-paying ability. More information about the <br>Company, including its financial strength ratings, is available <br>upon request by calling 1-800-798-5500. | Principal Risks of <br>Investing in the <br>Contract<br>|
| **RESTRICTIONS** | **RESTRICTIONS** | Location in <br>Prospectus<br>|
| **Are There** <br>**Restrictions on the** <br>**Allocation** <br>**Options?**<br>| **Yes**, as described below there are restrictions on certain <br>features of allocations, transfers, withdrawals, and investment <br>option features. <br>The availability of Allocation Options, Contract benefits, and <br>other Contract features described in this Prospectus may <br>vary by state and depending on the broker-dealer through <br>which the Contract is sold. | Appendix B |
|  | ***Allocations.*** Each Allocation Option is available on the <br>Contract Issue Date and at the end of the Interest Term. For <br>example, after the Contract Issue Date, an Allocation Option <br>with a one-year Interest Term is available every Contract <br>Anniversary, whereas an Allocation Option with a six-year <br>Interest Term is available every sixth Contract Anniversary. If <br>we add an Allocation Option, you will not be able to allocate <br>your Contract Value to the new Allocation Option until the <br>start of the next available Interest Term for that Allocation <br>Option. Additionally, the six-year Interest Term is unavailable <br>as a reallocation option if the Income Payout Date is less <br>than six years from the start of the Interest Term. | Allocating Your <br>Purchase Payment<br>|
|  | ***Changes to Investment Options and Features.*** We may <br>set a new Cap Rate or Participation Rate for a subsequent <br>Interest Term. We will notify you of any new rates at least two <br>weeks before the end of the current Interest Term. <br>**During the life of your Contract, the Declared Rate** <br>**Account and a Risk Control Account with a 0% Floor will** <br>**always be available. Otherwise, we may add, change, or** <br>**discontinue Allocation Options and Indices from time to** <br>**time. The remaining Allocation Options may have terms** <br>**that are unacceptable to you and may not provide any** <br>**protection from Index losses, which could result in the** <br>**loss of the entire amount of your Contract Value.** <br>If there is a delay between the date we remove an Index for a <br>Risk Control Account and the date we add a substitute Index, <br>your Risk Control Account Value will be based on the value of <br>the Index on the date the Index ceased to be available, which <br>means market changes during the delay will not be used to <br>calculate the index interest. <br>We may change, discontinue, or establish restrictions on Flex <br>Transfers, including limitations on the number, frequency, or <br>amount of Flex Transfers, at any time. | Risk Control <br>Account Options<br>|

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| | | |
|:---|:---|:---|
| **Are There any** <br>**Restrictions on** <br>**Contract Benefits?**<br>| **Yes.** Systematic Withdrawals may be taken on a monthly, <br>quarterly, semi-annual, or annual basis. The withdrawals <br>must be at least $100 each. There are additional limitations <br>on the amounts that you may request and the timing for <br>requesting and terminating Systematic Withdrawals. The <br>Equity Adjustment, Interest Adjustment, and Surrender <br>Charge may apply. | Benefits Available <br>under the Contract<br>|
| **TAXES** | **TAXES** | Location in <br>Prospectus<br>|
| **What Are the** <br>**Contract's Tax** <br>**Implications?**<br>| You should consult with a tax professional to determine the <br>tax implications of the Contract. There is no additional tax <br>benefit if you purchase the Contract through a qualified <br>retirement plan or individual retirement account (IRA). <br>Withdrawals from the Contract are subject to ordinary income <br>tax, and may be subject to a 10% additional tax if taken <br>before age 59½. | Federal Income <br>Tax Matters<br>|
| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** | Location in <br>Prospectus<br>|
| **How Are** <br>**Investment** <br>**Professionals** <br>**Compensated?**<br>| Some investment professionals (also referred to as "financial <br>professionals" in this prospectus) may receive compensation <br>for selling the Contract to you in the form of commissions or <br>other compensation. These other forms of compensation may <br>include cash bonuses, insurance benefits and financing <br>arrangements. Non-cash benefits may include conferences, <br>seminars and trips (including travel, lodging and meals in <br>connection therewith), entertainment, merchandise and other <br>similar items. The Company may also pay asset-based <br>commissions (sometimes called trail commissions) in addition <br>to Purchase Payment-based commissions. Investment <br>professionals may also receive other payments from us for <br>services that do not directly involve the sale of the Contracts, <br>including personnel recruitment and training, production of <br>promotional literature and similar services. <br>As a result of these compensation arrangements, investment <br>professionals may have a financial incentive to offer or <br>recommend the Contract over another investment. You <br>should ask your investment professional for additional <br>information about the compensation he or she receives in <br>connection with your purchase of the Contract. | Other Information <br>– Distribution of <br>the Contract<br>|
| **Should I Exchange** <br>**My Contract?**<br>| You should only exchange your contract if you determine, <br>after comparing the features, fees, and risks of both <br>contracts, and any fees or penalties to terminate your existing <br>contract, that it is better for you to purchase the new contract <br>rather than continue to own your existing contract. Some <br>investment professionals may have a financial incentive to <br>offer you a new contract in place of the one you already own.  | Getting Started - <br>The Accumulation <br>Period - Tax Free <br>1035 Exchanges<br>|

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**BENEFITS AVAILABLE UNDER THE CONTRACT**

**The following table summarizes information about the benefits available under the Contract.**

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| | | | | |
|:---|:---|:---|:---|:---|
| **Benefit** | **Purpose** | **Standard or** <br>**Optional**<br>| **Maximum** <br>**Fee**<br>| **Brief Description** <br>**of Restrictions** <br>**and Limitations**<br>|
| Death Benefit | Provides a Death Benefit if the <br>Owner dies during the <br>Accumulation Period<br>| Standard | No Charge | Withdrawals or Flex <br>Transfers may <br>reduce the Death <br>Benefit by more <br>than the amount of <br>the withdrawal.<br>|
| Systematic <br>Withdrawals<br>| Provide payments on a <br>schedule as set up by you.<br>| Optional | No Charge | Withdrawals may <br>be subject to an <br>Equity Adjustment, <br>Interest <br>Adjustment, or <br>Surrender Charge.<br>|

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**BUYING THE CONTRACT**

The minimum Purchase Payment for a Non-Qualified or Qualified Contract is $5,000. The Company does

not allow additional Purchase Payments. A Purchase Payment for a Contract, or Purchase Payments for

multiple Contracts owned by the same individual, that equals or exceeds $1 million requires our prior

approval, which may be withheld at our sole discretion.

We offer the Contract to individuals, certain retirement plans, and other entities. To purchase a Contract,

you and the Annuitant must be at least Age 21 and no older than Age 85.

We sell the Contract through financial professionals. To start the purchase process, you must submit an

application to your financial professional. The Purchase Payment must either be paid at the Company's

Administrative Office or delivered to your financial professional. Your financial professional will then

forward your completed application and Purchase Payment (if applicable) to us. The selling firm's

determination of whether the Contract is suitable for you may delay our receipt of your application. Any

such delays will affect when we issue your Contract.

If the application for a Contract is properly completed and is accompanied by all the information

necessary to process it, including payment of the Purchase Payment, the Purchase Payment will be

allocated to the Allocation Options you choose on the next available Contract Issue Date.

After we receive a completed application, Purchase Payment, and all other information necessary to

process a purchase order in Good Order, we will begin the process of issuing the Contract on the next

Contract Issue Date available. Contract Issue Dates offered by the Company are currently the 10<sup>th</sup> and

25<sup>th</sup> of each month unless those days fall on a non-Business Day. In that case, we issue the Contract on

the next Business Day with an effective Contract Issue Date of the 10<sup>th</sup> or 25<sup>th</sup>. Please note that during the

period between the date your Purchase Payment is delivered to us and the next available Contract Issue

Date, we will hold your Purchase Payment in our General Account and not pay interest on it. Thus, during

that period, your Purchase Payment will not be allocated to either the Risk Control Accounts or the

Declared Rate Account.

On the Contract Issue Date, your Purchase Payment will be allocated according to your allocation

instructions on file with us. You must specify the percentage of your Purchase Payment to be allocated to

each Allocation Option on the Contract Issue Date. The amount you direct to an Allocation Option must be

in whole percentages from 1% to 100% of the Purchase Payment and your total allocation must equal

100%. If you do not indicate your allocations on the application, our Administrative Office will attempt to

contact your financial professional and/or you for clarification. We will not issue the Contract without your

allocation instructions.

**MAKING WITHDRAWALS: ACCESSING THE MONEY IN YOUR CONTRACT**

**Partial Withdrawals**

At any time during the Accumulation Period you may make partial withdrawals by Authorized Request in

Good Order. The minimum partial withdrawal amount is $100. Unless you instruct us otherwise,

withdrawals will be processed proportionally from the Contract Value in all Allocation Options. Any

applicable Surrender Charge, Interest Adjustment, and Equity Adjustment will affect the amount available

for a partial withdrawal. We will pay you the amount you request in connection with a partial withdrawal by

reducing Contract Value in the Declared Rate Account or the appropriate Risk Control Accounts.

Partial withdrawals for less than $25,000 are permitted by telephone and in writing. The written consent of

all Owners must be obtained before we will process the partial withdrawal. If an Authorized Request in

Good Order is received by 4:00 P.M. Eastern Time, it will be processed that day. If an Authorized Request

in Good Order is received after 4:00 P.M. Eastern Time, it will be processed on the next Business Day.

If a partial withdrawal would cause your Surrender Value to be less than $2,000, we will treat your request

for partial withdrawal as a request for full surrender of your Contract. Before processing the full surrender,

we will attempt to contact you or your financial professional to provide the opportunity for you to take a

lower amount to maintain a Surrender Value of at least $2,000. If we are unable to contact you within one

Business Day after receiving your request, we will process the full surrender.

**The Contract may not be appropriate for investors who plan to take withdrawals (including** 

**systematic withdrawals and Required Minimum Distributions) or surrender the Contract.** 

**Withdrawals may be subject to a Market Value Adjustment and Surrender Charge. All withdrawals** 

**and transfers from a Risk Control Account prior to the end of an Interest Term are subject to the** 

**Equity Adjustment and proportional reduction of the Crediting Base. Withdrawals reduce the** 

**Purchase Payment, which is used to determine the Death Benefit, by the ratio of the withdrawal** 

**(including any Surrender Charge and Interest Adjustment) to the Contract Value immediately prior** 

**to the withdrawal. As a result, reductions due to withdrawals may be substantially more than the** 

**amount withdrawn, could significantly decrease your Death Benefit and remaining Contract** 

**Values, and could terminate the Contract.**

**Systematic Withdrawals**

Our systematic withdrawal program is an administrative program designed for you to take recurring

automatic withdrawals at the frequency you select. You can receive payments, monthly, quarterly, semi-

annually, or annually, subject to the $100 minimum partial withdrawal amount and minimum Surrender

Value described in this section. Although the Contract permits systematic withdrawals (including for

Required Minimum Distributions under the Internal Revenue Code) from the Risk Control Accounts, these

withdrawals may have an adverse effect on your values under the Contract. If you intend to make ongoing

withdrawals, you should consult a financial professional to determine whether the Contract is appropriate

for you.

**Surrenders**

You may surrender your Contract for the Surrender Value at any time during the Accumulation Period by

Authorized Request. The consent of all Owners must be obtained before the Contract is surrendered. If

an Authorized Request in Good Order is received before 4:00 P.M. Eastern Time on a Business Day, it will

be processed that day. If an Authorized Request in Good Order is received at or after 4:00 P.M. Eastern

Time on a Business Day or on a non-Business Day, it will be processed on the next Business Day.

If you surrender the Contract, you will be paid the Surrender Value, as of the Business Day we received

your Authorized Request in Good Order.

The Surrender Value is equal to:

1)Your Contract Value at the end of the Valuation Period in which we receive your Authorized

Request, including any applicable Equity Adjustment; minus

2)Any applicable Surrender Charge; adjusted for

3)Any applicable Interest Adjustment.

**Instead of crediting interest to amounts that are surrendered prior to the end of the Interest Term,** 

**we apply an Equity Adjustment, which may be positive or negative. The Surrender Value could be** 

**significantly lower than your Contract Value due to the Equity Adjustment, Interest Adjustment,** 

**and Surrender Charge applied to amounts that are surrendered prior to the end of the Interest** 

**Term. A surrender is subject to income tax and, if taken before age 59½, a 10% additional tax may** 

**apply. You should consult a tax adviser before requesting a surrender.**

Upon payment of the Surrender Value, this contract is terminated, and we have no further obligation

under this contract. We may require that the Contract be returned to our Administrative Office prior to

making payment of the Surrender Value. The Surrender Value will not be less than the amount required

by state law in which the contract was delivered. We will pay you the amount you request in connection

with a full surrender by withdrawing Contract Value in the Declared Rate Account and the Risk Control

Accounts.

**Annual Free Withdrawal Amount**

Your Annual Free Withdrawal Amount is the amount that can be withdrawn each Contract Year without

incurring a Surrender Charge or Interest Adjustment. The Annual Free Withdrawal Amount in the first

Contract Year is 10% of the Purchase Payment less any withdrawal taken in that Contract Year. The

Annual Free Withdrawal Amount in subsequent Contract Years is equal to 10% of the Contract Value as

of the last Contract Anniversary less any withdrawals taken in the current Contract Year. Any unused

Annual Free Withdrawal Amount will not carry over to the next Contract Year. The Annual Free Withdrawal

Amount is still subject to the Equity Adjustment and proportionate adjustments. Partial annuitization will

count toward the Annual Free Withdrawal Amount.

The Annual Free Withdrawal Amount is subtracted from surrenders for purposes of calculating the

Surrender Charge.

**Partial Withdrawal and Surrender Restrictions**

Your right to make partial withdrawals and surrender the Contract is subject to any restrictions imposed by

any applicable law or employee benefit plan.

**Right to Defer Payments**

We reserve the right to postpone payment for up to six months after we receive your Authorized Request

in Good Order, subject to obtaining prior written approval by the state insurance commissioner if required

by the law of the state in which we issued the Contract. In the event we postpone payment, we will pay

interest on the proceeds if required by state law, calculated at the effective annual rate and for the time

period required under state law.

**ADDITIONAL INFORMATION ABOUT FEES**

**The following tables describe the fees, expenses, and adjustments that you will pay when buying,** 

**owning, and surrendering or making withdrawals from an Allocation Option or from the Contract.** 

**Please refer to your Data Page for information about the specific fees you will pay each year** 

**based on the options you have elected.**

**The first table describes the fees and expenses that you will pay at the time you buy the Contract,** 

**surrender or make withdrawals from an Allocation Option or from the Contract, transfer Contract** 

**Value between Allocation Options, or request special services. State premium taxes may also be** 

**deducted.**

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|:---|:---|
| **Transaction Expenses for Contracts Issued After May 25, 2023** | **Charge** |
| Maximum Surrender Charge (as a percentage of Contract Value surrendered or <br>withdrawn)<sup>(1)</sup><br>| 8% |

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(1)During the first six Contract Years, we deduct a Surrender Charge from each withdrawal or surrender that exceeds the Annual

Free Withdrawal Amount. We do not assess a Surrender Charge on certain withdrawals and surrenders, such as under the

Nursing Home or Hospital Waiver or Terminal Illness Waiver.

**The next table describes the adjustments, in addition to any transaction expenses, that apply if all** 

**or a portion of the Contract Value is removed from an Allocation Option or from the Contract prior** 

**to the end of an Interest Term.**

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|:---|:---|
| **Adjustments** | **Charge** |
| Equity Adjustment Maximum Potential Loss (as a percentage of Contract Value withdrawn or <br>surrendered)<sup>(1)</sup><br>| 100% |
| Interest Adjustment Maximum Potential Loss (as a percentage of Contract Value withdrawn <br>or surrendered)<sup>(2)</sup><br>| 90% |

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(1)For Contract Value allocated to a Risk Control Account, if you surrender, withdraw, or make a Flex Transfer, the amount

withdrawn or transferred before the expiration of an Interest Term is subject to an Equity Adjustment (which may be positive or

negative) and will reduce the Crediting Base proportionally. The Equity Adjustment may reflect a positive or negative return that

increases or decreases the amount remaining in the Risk Control Account or that you receive from a surrender, which could

result in the loss of your principal and previously credited interest.

(2)If you surrender your Contract or take a withdrawal from any Allocation Option on any day other than every sixth Contract

Anniversary, we will apply an Interest Adjustment (which may be positive or negative) to the amount being withdrawn that is in

excess of the Annual Free Withdrawal Amount. A negative Interest Adjustment could significantly decrease the amount you receive

from a partial withdrawal or surrender.

**In addition to the fees described above, the Cap Rates and Participation Rates limit the amount** 

**you can earn with respect to each Risk Control Account. This means your returns may be lower** 

**than the Index's returns. In return for accepting this limit on Index gains, you will receive some** 

**protection from Index losses.**

**APPENDIX: ALLOCATION OPTIONS AVAILABLE UNDER THE CONTRACT**

**During the Accumulation Period, if you surrender or withdraw your Contract Value from any** 

**Allocation Option on any day other than every sixth Contract Anniversary, we will apply an** 

**Interest Adjustment (which may be positive or negative). This may result in a significant reduction** 

**in your Contract Value.**

**Risk Control Account Options**

The following is a list of the Risk Control Account options currently available under the Contract. We may

change the features of the Risk Control Accounts listed below (including the Index and the Cap Rates),

offer new Risk Control Accounts, and terminate existing Risk Control Accounts. We will provide you with

written notice before making any changes other than changes to the Cap Rates. Information about current

Cap Rates is available at https://www.trustage.com/zonechoice-annuity-rates.

**During the Accumulation Period, if you surrender, withdraw, or make a Flex Transfer from a Risk** 

**Control Account before the end of an Interest Term, we will apply an Equity Adjustment (which** 

**may be positive or negative). This may result in a significant reduction in your Contract Value that** 

**could exceed any protection from Index loss that would be in place if you held the option until the** 

**end of the Interest Term.**

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| | | | | |
|:---|:---|:---|:---|:---|
| **ALLOCATION OPTIONS**<br>**FOR CONTRACTS ISSUED AFTER MAY 25, 2023** | **ALLOCATION OPTIONS**<br>**FOR CONTRACTS ISSUED AFTER MAY 25, 2023** | **ALLOCATION OPTIONS**<br>**FOR CONTRACTS ISSUED AFTER MAY 25, 2023** | **ALLOCATION OPTIONS**<br>**FOR CONTRACTS ISSUED AFTER MAY 25, 2023** | **ALLOCATION OPTIONS**<br>**FOR CONTRACTS ISSUED AFTER MAY 25, 2023** |
| **Risk Control Account Crediting Strategy: Floor with Cap Rate** | **Risk Control Account Crediting Strategy: Floor with Cap Rate** | **Risk Control Account Crediting Strategy: Floor with Cap Rate** | **Risk Control Account Crediting Strategy: Floor with Cap Rate** | **Risk Control Account Crediting Strategy: Floor with Cap Rate** |
| *Index* | *Type of Index* | *Crediting* <br>*Period*<br>| *Limit on Index Loss* <br>*(if held to the end of* <br>*the Crediting Period)*<br>| *Minimum Limit on Index* <br>*Gain (for the Life of the* <br>*Contract)*<br>|
| S&P 500 <br>Index(1)<br>| Stock market index based <br>on market capitalizations of <br>500 leading companies <br>publicly traded in the U.S. <br>stock market.<br>| 1-Year | Floor: 0% to -10%<br>in 1% increments<br>| Minimum Cap Rate: 1% |
| Dimensional <br>US Small <br>Cap<br>Value <br>Systematic <br>Index(1) <br>| Stock market index that <br>invests within the smallest <br>8% of the US market down <br>to $100 million in market <br>capitalization with relative <br>prices in the lowest 40% <br>when ranked by price to <br>book.<br>| 1-Year | Floor: 0% to -10%<br>in 1% increments<br>| Minimum Cap Rate: 1% |
| Barclays <br>Risk <br>Balanced <br>Index(1)<br>| Allocates between equities <br>and fixed income using the <br>principles of Modern <br>Portfolio Theory, which <br>seeks to maximize the <br>expected return based on a <br>given level of market risk.<br>| 1-Year | Floor: 0% to -10%<br>in 1% increments<br>| Minimum Cap Rate: 1% |
| **Risk Control Account Crediting Strategy: Buffer with Cap Rate** | **Risk Control Account Crediting Strategy: Buffer with Cap Rate** | **Risk Control Account Crediting Strategy: Buffer with Cap Rate** | **Risk Control Account Crediting Strategy: Buffer with Cap Rate** | **Risk Control Account Crediting Strategy: Buffer with Cap Rate** |
| *Index* | *Type of Index* | *Crediting* <br>*Period*<br>| *Limit on Index Loss* <br>*(if held to the end of* <br>*the Crediting Period)*<br>| *Minimum Limit on Index* <br>*Gain (for the Life of the* <br>*Contract)*<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| S&P 500 <br>Index<sup>(1)</sup><br>| Stock market index based <br>on market capitalizations of <br>500 leading companies <br>publicly traded in the U.S. <br>stock market.<br>| 1-Year | Buffer: -10% | Minimum Cap Rate: 1% |
| Dimensional <br>US Small <br>Cap<br>Value <br>Systematic <br>Index<sup>(1)</sup> <br>| Stock market index that <br>invests within the smallest <br>8% of the US market down <br>to $100 million in market <br>capitalization with relative <br>prices in the lowest 40% <br>when ranked by price to <br>book.<br>| 1-Year | Buffer: -10% | Minimum Cap Rate: 1% |
| **Risk Control Account Crediting Strategy: Buffer with Participation Rate** | **Risk Control Account Crediting Strategy: Buffer with Participation Rate** | **Risk Control Account Crediting Strategy: Buffer with Participation Rate** | **Risk Control Account Crediting Strategy: Buffer with Participation Rate** | **Risk Control Account Crediting Strategy: Buffer with Participation Rate** |
| *Index* | *Type of Index* | *Crediting* <br>*Period*<br>| *Limit on Index Loss* <br>*(if held to the end of* <br>*the Crediting Period)*<br>| *Minimum Limit on Index* <br>*Gain (for the Life of the* <br>*Contract)*<br>|
| S&P 500 <br>Index<sup>(1)</sup><br>| Stock market index based <br>on market capitalizations of <br>500 leading companies <br>publicly traded in the U.S. <br>stock market.<br>| 6-Year | Buffer:<br>-10% and -20%<br>| Minimum Participation <br>Rate: 10%<br>|
| Dimensional <br>US Small <br>Cap<br>Value <br>Systematic <br>Index<sup>(1)</sup> <br>| Stock market index that <br>invests within the smallest <br>8% of the US market down <br>to $100 million in market <br>capitalization with relative <br>prices in the lowest 40% <br>when ranked by price to <br>book.<br>| 6-Year | Buffer: <br>-10% and -20%<br>| Minimum Participation <br>Rate: 10%<br>|
| Barclays <br>Risk <br>Balanced <br>Index<sup>(1)</sup><br>| Allocates between equities <br>and fixed income using the <br>principles of Modern <br>Portfolio Theory, which <br>seeks to maximize the <br>expected return based on a <br>given level of market risk.<br>| 6-Year | Buffer: <br>-10% and -20%<br>| Minimum Participation <br>Rate: 10%<br>|

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(1)Except for the Barclays Risk Balanced, the performance of each Index associated with the Risk

Control Accounts does not include dividends paid on the securities comprising the Index, and

therefore, the performance of the Index does not reflect the full performance of those underlying

securities. This will reduce Index performance and will cause the Index to underperform a direct

investment in the underlying securities. The Barclays Risk Balanced Index reinvests dividends but

deducts a fee of 0.5% for the equity exposure, and 0.2% per year for the treasury exposure, and a

cost equal to SOFR plus 0.1145% for the equity component. Therefore, the aggregate fee will depend

on the Index's relative allocations to the equity and treasury components from time to time, which are

determined by the volatility control mechanism. SOFR refers to the Secured Overnight Financing

Rate, which was 3.87% as of December 31, 2025. The New York Fed publishes the SOFR on its

website each Business Day. These deductions will reduce Index performance, and the Index will

underperform similar portfolios from which these fees and costs are not deducted.

(2)We credit interest to each Risk Control Account at the end of each Interest Term by comparing the

change in the Index from the first day of the Interest Term to the last day of the Interest Term.

Because Index interest is calculated on a single point in time you may experience negative or flat

performance even though the Index experienced gains through some, or most, of the Interest Term.

Rebalancing among Risk Control Accounts occurs on each Risk Control Account Maturity Date (the

last day of each one- or six-year Risk Control Account Period). No additional values can be

transferred, and no additional Purchase Payments can be allocated, to a Risk Control Account until

the Risk Control Account Maturity Date. Moreover, withdrawals and surrenders from a Risk Control

Account on any day other than its Risk Control Account Maturity Date will be subject to the Equity

Adjustment and Interest Adjustment.

The Floor and Buffer for an Allocation Option will not change during the life of your Contract unless the

Allocation Option is discontinued. During the life of your Contract, an Allocation Option with a Floor of 0%

will always be available. **Otherwise, we may add, change, or discontinue Allocation Options and** 

**Indices from time to time. The remaining Allocation Options may have terms that are unacceptable** 

**to you and may not provide any protection from Index losses, which could result in the loss of the** 

**entire amount of your Contract Value.** We may not always make available Allocation Options with

Buffers, however, if one is available, a Buffer of -10% or more will be available.

**Declared Rate Account**

The following is a list of Declared Rate Account Options currently available under the Contract. We may

change the features of the Declared Rate Account Options listed below, offer new Declared Rate Account

Options, and terminate existing Declared Rate Account Options. We will provide you with written notice

before doing so.

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| | |
|:---|:---|
| **Name** | **Term** |
| Declared Rate <br>Account<br>| 1 year<br>0.15%<sup>(1)</sup> |

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(1) The Minimum Guaranteed Interest Rate is set on the Contract Issue Date and every sixth Contract

Anniversary based on the calendar quarter in which the Issue Date or Contract Anniversary falls.

The availability of Allocation Options may vary by state and depending on the broker-dealer through which

the Contract is sold.

This Initial Summary Prospectus incorporates by reference the Prospectus and Statement of Additional

Information for the Contract, both dated May 1, 2026, as supplemented. The SAI may be obtained, free of

charge, in the same manner as the Prospectus.

EDGAR Contract Identifier: C000261255