Jefferson National Life of New York Annuity Account 1

04/16/2024 | Press release | Distributed by Public on 04/16/2024 05:02

Prospectus by Investment Company - Form 497

Monument Advisor NY (333-198590)
Supplement dated April 16, 2024
to the following statutory prospectus(es):
Monument Advisor and Monument Advisor NY prospectus dated May 1, 2023
This supplement updates certain information contained in your statutory prospectus. Please read and retain
this supplement for future reference.
1.
Effective June 14, 2024, the following Investment Portfolios are no longer available to receive transfers or new purchase payments.
•
Two Roads Shared Trust - Redwood Managed Volatility Portfolio: Class I
•
Two Roads Shared Trust - Redwood Managed Volatility Portfolio: Class N
2.
The Board of Trustees of Two Roads Shared Trust approved to liquidate the Two Roads Shared Trust - Redwood Managed Volatility Portfolio: Class I and Two Roads Shared Trust - Redwood Managed Volatility Portfolio: Class N (the "Liquidating Portfolios"). The liquidation is expected to occur on or about June 21, 2024 (the "Liquidation Date").
In anticipation of the liquidation, the following changes apply to the contract:
•
From the date of this supplement until the Liquidation Date, investors with allocations in the Liquidating Portfolios may transfer allocations to any other available investment option. During this period, any transfers from the Liquidating Portfolios will not be treated as a transfer for purposes of transfer limitations that would otherwise be applicable.
•
On the Liquidation Date, any remaining assets in the Liquidating Portfolios will be transferred to the Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class Y.
•
After the Liquidation Date, any and all references to the Liquidating Portfolios are deleted.
PROS-0856
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