04/30/2024 | Press release | Distributed by Public on 04/30/2024 10:17
Issued By:
|
Mailing Address:
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First Security Benefit Life Insurance
and Annuity Company of New York
121 State Street
Albany, New York 12207
1-800-355-4570
www.fsbl.com
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First Security Benefit Life Insurance
and Annuity Company of New York
P.O. Box 750497
Topeka, Kansas 66675-0497
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Page
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Special Terms
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3
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Updated Information About Your Contract
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3
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Important Information You Should Consider About the Contract
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3
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Appendix A - Underlying Funds Available Under the Contract
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A-1
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FEES AND EXPENSES
|
Location in Prospectus
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Charges for
Early
Withdrawals
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If you withdraw money from your Contract within 7 years following your last
Purchase Payment, you may be assessed a surrender charge of up to 7% (as
a percentage of the portion of the withdrawal amount consisting of Purchase
Payments, including any Bonus Credits), declining to 0% in the eighth year.
For example, if you were to withdraw $100,000 during a surrender charge
period, you would be assessed a charge of up to $7,000.
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Fee Table
Fee Table - Examples
Charges and Deductions
- Contingent Deferred
Sales Charge
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FEES AND EXPENSES
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Location in Prospectus
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Transaction
Charges
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Other than surrender charges (if any), there are no charges for other
transactions (e.g., transferring money between investment options).
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Not Applicable
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Ongoing Fees
and Expenses
(annual charges)
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The table below describes the current fees and expenses of the Contract that
you may pay each year, depending on the options you choose. Interest on any
Contract loans is not reflected. The fees and expenses do not reflect any
advisory fees paid to financial intermediaries from your Contract Value or other
assets. If such charges were reflected, the fees and expenses would be higher.
Please refer to your Contract specifications page for information about the
specific fees you will pay each year based on the options you have elected.
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Fee Table
Fee Table - Examples
Charges and Deductions
- Mortality and Expense
Risk Charge
Charges and Deductions
- Administration Charge
Charges and Deductions
- Account Adminis-
tration Charge
Charges and Deductions
- Optional Rider Charges
Appendix A - Underlying
Funds Available Under
the Contract
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Annual Fee
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Minimum
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Maximum
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Base Contract1
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0.76%
|
1.01%
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Investment options2
(Underlying Fund fees and expenses)
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0.61%
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4.44%
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Optional benefits available for an additional charge3
(for a single optional benefit, if elected)
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0.25%
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0.70%
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1
As a percentage of Contract Value allocated to the Separate Account. This amount
includes the account administration charge.
2
As a percentage of Underlying Fund average net assets.
3
As a percentage of Contract Value.
|
||
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.
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||
Lowest Annual Cost: $1,253.44
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Highest Annual Cost: $4,505.59
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Assumes:
•Investment of $100,000
•5% annual appreciation
•Least expensive combination of
Base Contract charge and
Underlying Fund fees and
expenses
•No optional benefits
•No sales charges or advisory fees
•No additional Purchase Payments,
transfers or withdrawals
•No Contract loans
•No Credit Enhancement amounts
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Assumes:
•Investment of $100,000
•5% annual appreciation
•Most expensive combination of Base
Contract charge, optional benefits,
and Underlying Fund fees and
expenses
•No sales charges or advisory fees
•No additional Purchase Payments,
transfers or withdrawals
•No Contract loans
•No Credit Enhancement amounts
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RISKS
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Location in Prospectus
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Risk of Loss
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You can lose money by investing in this Contract, including loss of principal.
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Principal Risks of
Investing in the Contract
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Not a
Short-Term
Investment
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•This Contract is not designed for short-term investing and is not appropriate
for an investor who needs ready access to cash.
•Surrender charges may apply to withdrawals. If you take a withdrawal, a
surrender charge may reduce the value of your Contract or the amount of
money that you actually receive. Withdrawals may also reduce or terminate
Contract guarantees.
•The benefits of tax deferral, long-term income, and living benefit guarantees
mean the Contract is more beneficial to investors with a long time horizon.
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Charges and Deductions
- Contingent Deferred
Sales Charge
The Contract - General
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Risks
Associated with
Investment
Options
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•An investment in this Contract is subject to the risk of poor investment
performance. Performance can vary depending on the performance of the
investment options that you choose under the Contract.
•Each investment option (including the Fixed Account, if available) has its
own unique risks.
•You should review the investment options before making an investment
decision.
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Appendix A - Underlying
Funds Available Under
the Contract
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Insurance
Company Risks
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An investment in the Contract is subject to the risks related to us, First Security
Benefit Life Insurance and Annuity Company of New York. Any obligations
(including under the Fixed Account option), guarantees or benefits of the
Contract are subject to our claims-paying ability. If we experience financial
distress, we may not be able to meet our obligations to you. More information
about First Security Benefit Life Insurance and Annuity Company of New York,
including our financial strength ratings, is available upon request by calling
1-800-888-2461 or visiting www.fsbl.com.
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Information About the
Company, the Separate
Account, and the
Underlying Funds - First
Security Benefit Life
Insurance and Annuity
Company of New York
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RESTRICTIONS
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Location in Prospectus
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Investments
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•Certain investment options may not be available under your Contract.
•Certain Subaccounts prohibit you from transferring out and back within a
period of calendar days.
•We reserve the right to limit your transfers to 14 in a Contract Year, to
suspend transfers and limit the transfer amounts, and to limit transfers in
circumstances of frequent or large transfers.
•There are certain restrictions on transfers between the Fixed Account and
Subaccounts.
•We reserve the right to add, remove or substitute the Underlying Funds
available as investment options under the Contract.
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The Contract - Transfers
of Contract Value -
Frequent Transfer
Restrictions
The Fixed Account -
Transfers and
Withdrawals from the
Fixed Account
Other Information -
Changes to Investments
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Optional
Benefits
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•Optional benefits are only available at Contract issue. You cannot change or
cancel the benefits that you select after they are issued.
•Certain optional benefits are subject to age restrictions.
•Certain optional benefits previously offered with the Contract are no longer
available for purchase. We reserve the right to stop offering for purchase any
currently available optional benefit at any time.
•Optional benefits may limit or restrict the investment options that you may
select under the Contract. We may change these restrictions in the future.
•We do not have the right to modify or terminate an optional benefit.
Withdrawals, however, may reduce the value of an optional benefit by an
amount greater than the value withdrawn or result in termination of the
benefit.
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Benefits Under the
Contract - Optional
Riders
Appendix B - Riders
Available for Purchase
Only Prior to February 1,
2010
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TAXES
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Location in Prospectus
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Tax Implications
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•If you elect to pay third-party advisory fees from your Contract Value, then
the deduction will reduce the death benefits and other guaranteed benefits,
perhaps significantly, and may be subject to federal and state income taxes
and a 10% federal penalty tax.
•Consult with a tax professional to determine the tax implications of an
investment in and payments received under the Contract.
•If you purchased the Contract through a tax-qualified plan or IRA, you do not
get any additional tax benefit under the Contract.
•Earnings on your Contract are taxed at ordinary income tax rates when you
withdraw them, and you may have to pay a penalty if you take a withdrawal
before age 59½.
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The Contract -
Withdrawals to Pay
Advisory Fees
Charges and Deductions
- Deduction of Advisory
Fees
Federal Tax Matters
Federal Tax Matters -
Qualified Plans
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CONFLICTS OF INTEREST
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Location in Prospectus
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Investment
Professional
Compensation
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Your investment professional may receive compensation for selling this
Contract to you, in the form of commissions, additional payments, and
non-cash compensation. We may share the revenue we earn on this Contract
with your investment professional's firm. This conflict of interest may influence
your investment professional to recommend this Contract over another
investment for which the investment professional is not compensated or is
compensated less.
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Other Information - Sale
of the Contract
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Exchanges
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Some investment professionals may have a financial incentive to offer you a
new contract in place of the one you already own. You should only exchange a
contract you already own if you determine, after comparing the features, fees
and risks of both contracts, that it is better for you to purchase the new
contract rather than continue to own your existing contract.
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Additional
Compensation Paid to
Selected Selling
Broker-Dealers
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Investment
Type
|
Fund
Adviser/Sub-Adviser
|
Current
Expenses1
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Average Annual
Total Returns
(as of 12/31/2023)
|
||
1 Year
|
5 Year
|
10 Year
|
|||
Mid Cap Value
|
AB Discovery Value - Class B
Adviser: AllianceBernstein L.P.
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1.06%
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16.86%
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10.51%
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7.29%
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Global
Allocation
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AB VPS Dynamic Asset Allocation - Class B
Adviser: AllianceBernstein L.P.
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1.18%
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13.48%
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4.03%
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3.22%
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Balanced/Asset
Allocation
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American Funds IS® Asset Allocation - Class 4
Adviser: Capital Research and Management Company
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0.80%
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14.02%
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8.92%
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6.98%
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Global Bond
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American Funds IS® Capital World Bond - Class 4
Adviser: Capital Research and Management Company
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0.98%
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4.89%
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-0.56%
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0.12%
|
Global Equity
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American Funds IS® Global Growth - Class 4
Adviser: Capital Research and Management Company
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1.02%
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22.29%
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13.36%
|
9.30%
|
Large Cap
Blend
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American Funds IS® Growth-Income - Class 4
Adviser: Capital Research and Management Company
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0.78%
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25.82%
|
13.08%
|
10.63%
|
International
Equity
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American Funds IS® International - Class 4
Adviser: Capital Research and Management Company
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1.03%
|
15.56%
|
4.58%
|
3.15%
|
Emerging
Markets
|
American Funds IS® New World - Class 4
Adviser: Capital Research and Management Company
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1.14%
|
15.67%
|
8.37%
|
4.43%
|
Large Cap
Value
|
BlackRock Equity Dividend V.I. - Class III
Adviser: BlackRock Advisors, LLC
|
1.12%
|
11.99%
|
11.27%
|
8.73%
|
Global
Allocation
|
BlackRock Global Allocation V.I. - Class III
Adviser: BlackRock Advisors, LLC
Sub-Adviser: BlackRock (Singapore) Limited; BlackRock
International Limited
|
1.14%
|
12.49%
|
7.39%
|
4.63%
|
High Yield Bond
|
BlackRock High Yield V.I. - Class III
Adviser: BlackRock Advisors, LLC
Sub-Adviser: BlackRock International Limited
|
0.90%
|
12.94%
|
5.49%
|
4.21%
|
Mid Cap Blend
|
BNY Mellon IP MidCap Stock - Service Class
Adviser: BNY Mellon Investment Adviser, Inc.
Sub-Adviser: Newton Investment Management North
America, LLC
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1.12%
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17.99%
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10.42%
|
7.17%
|
Investment
Type
|
Fund
Adviser/Sub-Adviser
|
Current
Expenses1
|
Average Annual
Total Returns
(as of 12/31/2023)
|
||
1 Year
|
5 Year
|
10 Year
|
|||
Small Cap
Blend
|
BNY Mellon IP Small Cap Stock Index - Service Class
Adviser: BNY Mellon Investment Adviser, Inc.
|
0.61%
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15.39%
|
10.41%
|
8.04%
|
Specialty-Sector
|
BNY Mellon IP Technology Growth - Service Class
Adviser: BNY Mellon Investment Adviser, Inc.
Sub-Adviser: Newton Investment Management North
America, LLC
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1.03%
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59.00%
|
15.31%
|
12.94%
|
Large Cap
Blend
|
BNY Mellon VIF Appreciation - Service Class
Adviser: BNY Mellon Investment Adviser, Inc.
Sub-Adviser: Fayez Sarofim & Co., LLC
|
1.10%
|
20.67%
|
15.94%
|
10.81%
|
Large Cap
Growth
|
ClearBridge Variable Growth - Class II
Adviser: Franklin Templeton Fund Adviser, LLC
Sub-Adviser: ClearBridge Investments, LLC
|
1.10%
|
24.13%
|
8.05%
|
6.38%
|
Small Cap
Growth
|
ClearBridge Variable Small Cap Growth - Class I
Adviser: Franklin Templeton Fund Adviser, LLC
Sub-Adviser: ClearBridge Investments, LLC
|
0.80%
|
8.40%
|
9.56%
|
7.89%
|
Large Cap
Value
|
Fidelity® VIP Equity-Income - Service Class 2
Adviser: Fidelity Management & Research Company LLC
Sub-Adviser: FMR Investment Management (UK)
Limited; Fidelity Management & Research (Hong Kong)
Limited; Fidelity Management & Research (Japan)
Limited
|
0.72%
|
10.38%
|
12.01%
|
8.31%
|
Large Cap
Growth
|
Fidelity® VIP Growth & Income - Service Class 2
Adviser: Fidelity Management & Research Company LLC
Sub-Adviser: FMR Investment Management (UK)
Limited; Fidelity Management & Research (Hong Kong)
Limited; Fidelity Management & Research (Japan)
Limited
|
0.74%
|
18.41%
|
14.50%
|
10.00%
|
Large Cap
Growth
|
Fidelity® VIP Growth Opportunities - Service Class 2
Adviser: Fidelity Management & Research Company LLC
Sub-Adviser: FMR Investment Management (UK)
Limited; Fidelity Management & Research (Hong Kong)
Limited; Fidelity Management & Research (Japan)
Limited
|
0.84%
|
45.30%
|
18.79%
|
15.44%
|
High Yield Bond
|
Fidelity® VIP High Income - Service Class 2
Adviser: Fidelity Management & Research Company LLC
Sub-Adviser: FMR Investment Management (UK)
Limited; Fidelity Management & Research (Hong Kong)
Limited; Fidelity Management & Research (Japan)
Limited
|
1.02%
|
10.24%
|
3.60%
|
3.14%
|
International
Equity
|
Fidelity® VIP Overseas - Service Class 2
Adviser: Fidelity Management & Research Company LLC
Sub-Adviser: FMR Investment Management (UK)
Limited; Fidelity Management & Research (Hong Kong)
Limited; Fidelity Management & Research (Japan)
Limited; FIL Investment Advisors; FIL Investment
Advisors (UK) Limited
|
0.98%
|
20.22%
|
9.71%
|
4.65%
|
Balanced/Asset
Allocation
|
Franklin Allocation VIP Fund - Class 4
Adviser: Franklin Advisers, Inc.
|
0.93%
|
14.62%
|
7.44%
|
4.64%
|
Investment
Type
|
Fund
Adviser/Sub-Adviser
|
Current
Expenses1
|
Average Annual
Total Returns
(as of 12/31/2023)
|
||
1 Year
|
5 Year
|
10 Year
|
|||
Balanced/Asset
Allocation
|
Franklin Income VIP Fund - Class 2
Adviser: Franklin Advisers, Inc.
|
0.72%
|
8.62%
|
6.98%
|
5.01%
|
Global Equity
|
Franklin Mutual Global Discovery VIP Fund - Class 2
Adviser: Franklin Mutual Advisers, LLC
|
1.15%
|
20.31%
|
10.16%
|
5.98%
|
Small Cap
Value
|
Franklin Small Cap Value VIP Fund - Class 2
Adviser: Franklin Mutual Advisers, LLC
|
0.92%
|
12.75%
|
11.06%
|
7.04%
|
Multi-Sector
Bond
|
Franklin Strategic Income VIP Fund - Class 2
Adviser: Franklin Advisers, Inc.
|
1.14%
|
8.18%
|
1.96%
|
1.77%
|
Multi Cap Value
|
Guggenheim VIF All Cap Value
Adviser: Security Investors, LLC
|
1.14%
|
8.52%
|
11.41%
|
8.28%
|
Specialty
|
Guggenheim VIF Alpha Opportunity
Adviser: Security Investors, LLC
|
4.44%
|
8.38%
|
1.99%
|
2.09%
|
Floating Rate
Bond
|
Guggenheim VIF Floating Rate Strategies
Adviser: Guggenheim Partners Investment Management,
LLC
|
1.27%
|
11.12%
|
3.98%
|
3.40%
|
Specialty
|
Guggenheim VIF Global Managed Futures Strategy
Adviser: Security Investors, LLC
|
2.19%
|
3.80%
|
5.28%
|
1.87%
|
High Yield Bond
|
Guggenheim VIF High Yield
Adviser: Security Investors, LLC
|
1.34%
|
12.02%
|
4.50%
|
3.92%
|
Large Cap
Value
|
Guggenheim VIF Large Cap Value
Adviser: Security Investors, LLC
|
1.02%
|
9.27%
|
11.27%
|
8.47%
|
Specialty
|
Guggenheim VIF Long Short Equity
Adviser: Security Investors, LLC
|
1.92%
|
12.75%
|
5.76%
|
3.32%
|
Balanced/Asset
Allocation
|
Guggenheim VIF Managed Asset Allocation
Adviser: Security Investors, LLC
|
1.07%
|
14.12%
|
7.68%
|
6.06%
|
Specialty
|
Guggenheim VIF Multi-Hedge Strategies
Adviser: Security Investors, LLC
|
1.82%
|
4.37%
|
4.21%
|
2.52%
|
Small Cap
Value
|
Guggenheim VIF Small Cap Value
Adviser: Security Investors, LLC
|
1.25%
|
10.29%
|
10.21%
|
5.55%
|
Mid Cap Value
|
Guggenheim VIF SMid Cap Value
Adviser: Security Investors, LLC
|
1.15%
|
9.73%
|
11.98%
|
7.59%
|
Large Cap
Blend
|
Guggenheim VIF StylePlus Large Core
Adviser: Security Investors, LLC
|
1.45%
|
26.90%
|
14.83%
|
11.72%
|
Large Cap
Growth
|
Guggenheim VIF StylePlus Large Growth
Adviser: Security Investors, LLC
|
1.64%
|
39.91%
|
18.00%
|
14.25%
|
Mid Cap Growth
|
Guggenheim VIF StylePlus Mid Growth
Adviser: Security Investors, LLC
|
1.48%
|
26.41%
|
12.72%
|
9.97%
|
Small Cap
Growth
|
Guggenheim VIF StylePlus Small Growth
Adviser: Security Investors, LLC
|
1.77%
|
21.01%
|
9.41%
|
7.68%
|
Intermediate
Term Bond
|
Guggenheim VIF Total Return Bond
Adviser: Security Investors, LLC
|
1.04%
|
6.95%
|
1.28%
|
3.00%
|
Investment
Type
|
Fund
Adviser/Sub-Adviser
|
Current
Expenses1
|
Average Annual
Total Returns
(as of 12/31/2023)
|
||
1 Year
|
5 Year
|
10 Year
|
|||
Global Equity
|
Guggenheim VIF World Equity Income
Adviser: Security Investors, LLC
|
1.14%
|
12.28%
|
9.97%
|
6.94%
|
Mid Cap Value
|
Invesco V.I. American Value - Series II
Adviser: Invesco Advisers, Inc.
|
1.14%
|
15.29%
|
12.45%
|
6.98%
|
Large Cap
Value
|
Invesco V.I. Comstock - Series II
Adviser: Invesco Advisers, Inc.
|
1.00%
|
12.10%
|
13.20%
|
8.65%
|
Intermediate
Core-Plus Bond
|
Invesco V.I. Core Plus Bond - Series II
Adviser: Invesco Advisers, Inc.
|
0.98%
|
5.85%
|
1.64%
|
2.47%
|
Mid Cap Growth
|
Invesco V.I. Discovery Mid Cap Growth - Series II
Adviser: Invesco Advisers, Inc.
|
1.12%
|
12.85%
|
12.47%
|
9.52%
|
Balanced/Asset
Allocation
|
Invesco V.I. Equity and Income - Series II
Adviser: Invesco Advisers, Inc.
|
0.82%
|
10.24%
|
9.64%
|
6.78%
|
International
Equity
|
Invesco V.I. EQV International Equity - Series II
Adviser: Invesco Advisers, Inc.
|
1.15%
|
17.86%
|
8.15%
|
4.07%
|
Global Equity
|
Invesco V.I. Global - Series II
Adviser: Invesco Advisers, Inc.
|
1.07%
|
34.45%
|
12.02%
|
8.21%
|
Specialty-Sector
|
Invesco V.I. Global Real Estate - Series I
Adviser: Invesco Advisers, Inc.
Sub-Adviser: Invesco Asset Management Limited
|
1.02%
|
9.05%
|
2.11%
|
3.10%
|
Money Market
|
Invesco V.I. Government Money Market - Series II
Adviser: Invesco Advisers, Inc.
|
0.61%
|
4.60%
|
1.53%
|
0.93%
|
Government
Bond
|
Invesco V.I. Government Securities - Series II
Adviser: Invesco Advisers, Inc.
|
0.94%
|
4.46%
|
0.42%
|
0.90%
|
Specialty-Sector
|
Invesco V.I. Health Care - Series I
Adviser: Invesco Advisers, Inc.
|
0.98%
|
3.02%
|
8.75%
|
6.87%
|
Mid Cap Blend
|
Invesco V.I. Main Street Mid Cap Fund® - Series II
Adviser: Invesco Advisers, Inc.
|
1.19%
|
14.14%
|
10.32%
|
6.45%
|
Small Cap
Blend
|
Invesco V.I. Main Street Small Cap Fund® - Series II
Adviser: Invesco Advisers, Inc.
|
1.13%
|
17.82%
|
12.79%
|
8.66%
|
Mid Cap Growth
|
Janus Henderson VIT Enterprise - Service Class
Adviser: Janus Henderson Investors US LLC
|
0.97%
|
17.78%
|
13.14%
|
11.82%
|
Large Cap
Growth
|
Janus Henderson VIT Research - Service Class
Adviser: Janus Henderson Investors US LLC
|
0.82%
|
42.81%
|
16.54%
|
12.21%
|
Multi-Sector
Bond
|
Lord Abbett Series Bond-Debenture VC - Class VC
Adviser: Lord, Abbett & Co. LLC
|
0.96%
|
6.55%
|
3.14%
|
3.49%
|
Small Cap
Growth
|
Lord Abbett Series Developing Growth VC - Class VC2
Adviser: Lord, Abbett & Co. LLC
|
1.25%
|
8.17%
|
8.90%
|
6.82%
|
Mid Cap Value
|
LVIP American Century Mid Cap Value - Service Class
Adviser: Lincoln Financial Investments Corporation
Sub-Adviser: American Century Investment
Management, Inc.
|
1.02%
|
6.03%
|
10.90%
|
8.61%
|
Investment
Type
|
Fund
Adviser/Sub-Adviser
|
Current
Expenses1
|
Average Annual
Total Returns
(as of 12/31/2023)
|
||
1 Year
|
5 Year
|
10 Year
|
|||
Large Cap
Growth
|
LVIP American Century Ultra - Service Class
Adviser: Lincoln Financial Investments Corporation
Sub-Adviser: American Century Investment
Management, Inc.
|
0.94%
|
43.27%
|
19.07%
|
14.47%
|
Large Cap
Value
|
LVIP American Century Value - Service Class
Adviser: Lincoln Financial Investments Corporation
Sub-Adviser: American Century Investment
Management, Inc.
|
0.89%
|
9.02%
|
11.71%
|
8.36%
|
Intermediate
Core Bond
|
LVIP JPMorgan Core Bond - Service Class
Adviser: Lincoln Financial Investments Corporation
Sub-Adviser: J.P. Morgan Investment Management, Inc.
|
0.74%
|
5.66%
|
1.04%
|
1.56%
|
Global
Allocation
|
Macquarie VIP Asset Strategy - Service Class
Adviser: Delaware Management Company
Sub-Adviser: Macquarie Investment Management Austria
Kapitalanlage AG; Macquarie Investment Management
Europe Limited; Macquarie Investment Management
Global Limited
|
1.01%
|
13.90%
|
8.27%
|
3.48%
|
International
Equity
|
MFS® VIT II Research International - Service Class
Adviser: Massachusetts Financial Services Company
|
1.21%
|
12.83%
|
8.23%
|
3.89%
|
Balanced/Asset
Allocation
|
MFS® VIT Total Return - Service Class
Adviser: Massachusetts Financial Services Company
|
0.95%
|
10.22%
|
8.27%
|
6.27%
|
Specialty-Sector
|
MFS® VIT Utilities - Service Class
Adviser: Massachusetts Financial Services Company
|
1.05%
|
-2.33%
|
8.05%
|
6.13%
|
Emerging
Markets
|
Morgan Stanley VIF Emerging Markets Equity - Class II
Adviser: Morgan Stanley Investment Management, Inc.
Sub-Adviser: Morgan Stanley Investment Management
Company
|
1.50%
|
11.96%
|
3.36%
|
1.79%
|
Asset
Allocation/
Lifestyle
|
Morningstar Aggressive Growth ETF Asset Allocation
Portfolio - Class II
Adviser: ALPS Advisors, Inc.
Sub-Adviser: Morningstar Investment Management LLC
|
0.90%
|
16.88%
|
10.04%
|
7.06%
|
Asset
Allocation/
Lifestyle
|
Morningstar Balanced ETF Asset Allocation Portfolio -
Class II
Adviser: ALPS Advisors, Inc.
Sub-Adviser: Morningstar Investment Management LLC
|
0.88%
|
12.82%
|
6.68%
|
4.99%
|
Asset
Allocation/
Lifestyle
|
Morningstar Conservative ETF Asset Allocation Portfolio
- Class II
Adviser: ALPS Advisors, Inc.
Sub-Adviser: Morningstar Investment Management LLC
|
0.98%
|
7.84%
|
2.56%
|
2.25%
|
Asset
Allocation/
Lifestyle
|
Morningstar Growth ETF Asset Allocation Portfolio -
Class II
Adviser: ALPS Advisors, Inc.
Sub-Adviser: Morningstar Investment Management LLC
|
0.88%
|
15.27%
|
8.64%
|
6.20%
|
Asset
Allocation/
Lifestyle
|
Morningstar Income and Growth ETF Asset Allocation
Portfolio - Class II
Adviser: ALPS Advisors, Inc.
Sub-Adviser: Morningstar Investment Management LLC
|
0.92%
|
10.59%
|
4.74%
|
3.67%
|
Investment
Type
|
Fund
Adviser/Sub-Adviser
|
Current
Expenses1
|
Average Annual
Total Returns
(as of 12/31/2023)
|
||
1 Year
|
5 Year
|
10 Year
|
|||
Specialty
|
Neuberger Berman AMT Sustainable Equity - Class S
Adviser: Neuberger Berman Investment Advisers LLC
|
1.16%
|
26.57%
|
13.69%
|
9.74%
|
Specialty
|
PIMCO VIT All Asset - Administrative Class
Adviser: Pacific Investment Management Company LLC
Sub-Adviser: Research Affiliates LLC
|
2.28%
|
8.14%
|
6.02%
|
4.04%
|
Specialty-Sector
|
PIMCO VIT CommodityRealReturn Strategy - Adminis-
trative Class
Adviser: Pacific Investment Management Company LLC
|
1.64%
|
-7.85%
|
8.55%
|
-0.80%
|
Emerging
Markets Bond
|
PIMCO VIT Emerging Markets Bond - Advisor Class
Adviser: Pacific Investment Management Company LLC
|
1.37%
|
11.00%
|
2.14%
|
2.67%
|
International
Bond
|
PIMCO VIT International Bond Portfolio (U.S.
Dollar-Hedged) - Administrative Class
Adviser: Pacific Investment Management Company LLC
|
1.28%
|
9.02%
|
1.64%
|
3.06%
|
Short Term
Bond
|
PIMCO VIT Low Duration - Administrative Class
Adviser: Pacific Investment Management Company LLC
|
0.69%
|
4.97%
|
0.99%
|
0.92%
|
Inflation-
Protected Bond
|
PIMCO VIT Real Return - Administrative Class
Adviser: Pacific Investment Management Company LLC
|
0.84%
|
3.67%
|
3.16%
|
2.25%
|
Intermediate
Term Bond
|
PIMCO VIT Total Return - Advisor Class
Adviser: Pacific Investment Management Company LLC
|
0.85%
|
5.83%
|
0.98%
|
1.60%
|
Small Cap
Value
|
Putnam VT Small Cap Value - Class IB
Adviser: Putnam Investment Management, LLC
Sub-Adviser: Putnam Investments Limited
|
1.03%
|
23.75%
|
14.17%
|
7.82%
|
Small Cap
Blend
|
Royce Micro-Cap - Investment Class
Adviser: Royce & Associates, LP
|
1.24%
|
19.31%
|
12.80%
|
5.72%
|
Specialty-Sector
|
T. Rowe Price Health Sciences - Class II
Adviser: T. Rowe Price Associates, Inc.
|
1.11%
|
2.68%
|
10.96%
|
11.03%
|
Emerging
Markets
|
Templeton Developing Markets VIP Fund - Class 2
Adviser: Templeton Asset Management Ltd
Sub-Adviser: Franklin Templeton Investment
Management Limited
|
1.36%
|
12.62%
|
4.22%
|
2.32%
|
Global Bond
|
Templeton Global Bond VIP Fund - Class 2
Adviser: Franklin Advisers, Inc.
|
0.77%
|
2.88%
|
-2.13%
|
-0.66%
|
High Yield Bond
|
Western Asset Variable Global High Yield Bond - Class
II
Adviser: Franklin Templeton Fund Adviser, LLC
Sub-Adviser: Western Asset Management Company,
LLC; Western Asset Management Company Limited
(London); Western Asset Management Company Pte.
Ltd. (Singapore)
|
1.08%
|
9.96%
|
3.17%
|
2.63%
|
1
Certain Investment Portfolios and their investment advisers have entered into temporary expense reimbursement and/or fee waivers. Please
see the Investment Portfolios' prospectuses for additional information regarding these arrangements
|
|||||
2
This fund is no longer available for new transfers.
|
Riders No Longer Available
|
||
Rider
|
Investment Restriction
|
Investment Allocation Impact on Crediting Rate
|
Guaranteed Minimum Income
Benefit at 5%
|
N/A
|
The Company will credit a maximum rate of 4% for amounts
allocated to the Invesco V.I. Government Money Market, the
Fixed Account and the Loan Account. All other investments will
be credited at 5%.
|