04/16/2024 | Press release | Distributed by Public on 04/16/2024 08:52
Page
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Contacting NYLIAC
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1
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Definitions
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2
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Updated Information About Your Policy
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4
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Important Information You Should Consider About The Policy
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5
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Appendix 1A
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1A
-1
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Appendix 1B
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1B
-1
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Appendix 1C
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1C
-1
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Regular Mail
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Express Mail
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All written service
requests (except for
payments)
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NYLIAC Variable Products Service Center
Madison Square Station
P.O. Box 922
New York, NY 10159
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NYLIAC Variable Products Service Center
51 Madison Avenue
Floor 3B, Room 0304
New York, NY 10010
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Death Claim forms may
also be submitted to
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Regular Mail
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New York Life
P.O. Box 130539
Dallas, TX 75313-0539
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Regular Mail
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Express Mail
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Premium Payments and
Loan Repayments
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NYLIAC
75 Remittance Drive
Suite 3021
Chicago, IL 60675-3021
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NYLIAC
5450 N Cumberland Avenue
Suite 100
Chicago, IL 60656-1422
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The Information in this Updating Summary Prospectus is a summary of certain policy features that have
changed since May 1, 2023. This may not reflect all changes that have occurred since you purchased your
policy.
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Change of Express Mailing
Address
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A new mailing address is provided for mailing subsequent premium payments and, if
applicable, loan repayments.
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The following Portfolios
are added as available
Investment Divisions
under the policy
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American Funds IS Capital World Bond Fund®-Class 4
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American Funds IS U.S. Government Securities Fund®-Class 4
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Fidelity® VIP Extended Market Index Portfolio-Service Class 2
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PIMCO VIT Short-Term Portfolio-Advisor Class
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Principal VC Real Estate Securities Account-Class 2
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Putnam VT International Value Fund-Class IB
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Voya Growth and Income Portfolio-Class S
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The names of the
following Portfolios have
been changed:
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MainStay VP Hedge Multi-Strategy (formerly known as MainStay VP IQ Hedge
Multi-Strategy)
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Mainstay VP MacKay U.S. Infrastructure Bond (formerly known as MainStay VP
MacKay Government)
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MainStay VP PineStone International Equity (formerly known as MainStay VP
MacKay International Equity)
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Macquarie VIP Small Cap Value Series (formerly known as Delaware VIP® Small
Cap Value Series)
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Portfolio Performance and
Expenses
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For updated Portfolio performance and expense information, see the Appendix for the
Portfolios Available Under the Policy.
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FEES AND EXPENSES
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LOCATION IN
PROSPECTUS
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Charges for Early
Withdrawal
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We do not assess any early withdrawal charges on the base contract.
If, however, you purchase the IPR, you will be assessed an IPR
Termination and Withdrawal Charge if you surrender your policy within
the first three Policy Years. The maximum charge is 2% of the IPR
Guaranteed Amount that exceeds the IPR Free Withdrawal Amount.
For example, if your IPR Guaranteed Amount is $100,000 and you
surrender your policy within the first three Policy Years, you could pay
an IPR Termination and Withdrawal Charge of $1,600.00. For the IPR
Termination and Withdrawal Charge applicable to policies issued in
New York, see APPENDIX 2 - State Variations in the Prospectus.
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CHARGES AND
DEDUCTIONS -
Transaction
Expenses - IPR
Termination and
Withdrawal Charge
- Policy Surrender
within the first 3
Policy Years
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Transaction
Charges
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We reserve the right to assess a transaction charge if you transfer cash
value between investment options more than 25 times a year, or if a
premium payment is returned for insufficient funds. Although we do not
currently charge for such transactions, we reserve the right to charge
up to $30 per transaction. If you elect the IPR, you will be assessed an
IPR Termination and Withdrawal Charge if you (i) cancel the IPR;
(ii) surrender the policy; and/or (iii) take a partial withdrawal in excess
of the IPR Free Withdrawal Amount during the first three Policy Years.
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CHARGES AND
DEDUCTIONS -
Transaction
Expenses
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Ongoing Fees
and Expenses
(annual charges)
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The table below describes the fees and expenses that you may pay
each year, depending on the options you choose. Please refer to your
Policy Data Page for information about the specific fees you will pay
each year based on the options you have elected. The fees and
expenses do not reflect any Advisory Fees paid to the Investment
Adviser. If such fees were reflected, the fees and expenses disclosed
below would be higher.
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CHARGES AND
DEDUCTIONS -
Annual Policy
Expenses; Annual
Portfolio Expenses;
Optional Benefit
Expenses
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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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0.30%
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0.40%
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CHARGES AND
DEDUCTIONS -
Annual Policy
Expenses
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Investment options (Portfolio fees
and expenses)2
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0.38%
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1.42%
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CHARGES AND
DEDUCTIONS -
Annual Portfolio
Expenses
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Optional benefits available for an
additional charge (for a single
optional benefit, if elected)3
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0.25%
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0.80%4
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CHARGES AND
DEDUCTIONS -
Optional Benefit
Expenses
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1 As an annualized percentage of daily Variable Accumulation Value
2 As a percentage of average net Portfolio assets. The range in fees
and expenses is for the year ended December 31, 2023 and will
change from year to year.
3 The minimum fee reflects the current charge for the Annual Death
benefit Rider, calculated as an annualized percentage of the amount
guaranteed under the rider. The maximum fee reflects the current
charge for the IPR, calculated as a percentage of the amount
guaranteed under the IPR.
4 If you elect the IPR and cancel it, take a withdrawal in excess of the
IPR Free Withdrawal Amount or surrender the policy within the first
three Policy Years, the IPR Termination and Withdrawal Charge could
substantially increase costs.
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|||
Because your policy is customizable, the choices you make affect how
much you will pay. To help you understand the cost of owning your
policy, the following table shows the lowest and highest cost you could
pay eachyear, based on current charges. This estimate assumes that
you do not take withdrawals from the policy.
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|||
LOWEST ANNUAL COST:
$753.18
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HIGHEST ANNUAL COST
$2,391.04
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Assumes:
•Investment of $100,000
•5% annual appreciation
•Least expensive combination of
Base Contract Charges and
Portfolio fees and expenses
•No optional benefits
•No sales charges or Advisory
Fees
•No additional purchase
payments, transfers or
withdrawals
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Assumes:
•Investment of $100,000
•5% annual appreciation
•Most expensive combination of
Base Contract Charges,
optional benefits, and Portfolio
fees and expenses
•No sales charges or Advisory
Fees
•No additional purchase
payments, transfers or
withdrawals
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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 policy.
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PRINCIPAL RISKS
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Not a Short-Term
Investment
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This policy is not designed for short-term investing and may not be
appropriate for an investor who readily needs access to cash. The
benefits of tax deferral and living benefit protections also mean the
policy is more beneficial to investors with a long time horizon. If you
elect the IPR, you will not receive a benefit under the rider unless you
hold the policy for at least the specified holding period applicable to the
rider. Moreover, if you withdraw more than the IPR Free Withdrawal
Amount (not including withdrawals to pay Advisory Fees in states other
than New York) within the first three Policy Years, you will incur an IPR
Termination and Withdrawal Charge, which could substantially increase
your costs under the Policy.
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PRINCIPAL RISKS
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Risks Associated
with Investment
Options
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•An investment in this policy is subject to the risk of poor investment
performance and can vary depending on the performance of the
variable investment options you choose and the crediting rate of the
DCA Advantage Account.
•Each investment option and the DCA Advantage Account has its own
unique risks.
•You should review the prospectuses for the available Portfolios and
the description in this prospectus of the DCA Advantage Account
before making an investment decision.
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PRINCIPAL RISKS
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Insurance
Company
Risks
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An investment in the policy is subject to the risks related to NYLIAC,
including that any obligations, including with respect to the DCA
Advantage Account, guarantees, and benefits of the policy are subject
to the claims-paying ability of NYLIAC. If NYLIAC experiences financial
distress, it may not be able to meet its obligations to you. More
information about NYLIAC is available upon request from NYLIAC by
calling 1-800-598-2019.
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PRINCIPAL RISKS
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RESTRICTIONS
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LOCATION IN
PROSPECTUS
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Investments
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•We limit the number of Investment Divisions you may choose. You
may allocate premium payments to up to 18 separate Investment
Divisions.
•If you elect the IPR, your investment options will be limited to those
permitted by the rider. See APPENDIX 1B and 1C.
•We reserve the right to charge $30 for each transfer when you
transfer money between Investment Divisions in excess of 25 times in
a Policy Year.
•We reserve the right to limit transfers in circumstances of frequent
transfers or to prevent market timing.
•We reserve the right to remove, close or substitute Portfolios as
investment options that are available under the policy.
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THE
POLICIES-Policy
Application and
Premium
Payments;
Transfers; Limits
on Transfers
NYLIAC AND THE
SEPARATE
ACCOUNT-
Additions,
Deletions, or
Substitutions of
Investments
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Optional Benefits
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•If you elect certain optional benefits, you can only make premium
payments during your first Policy Year or after the rider holding period
end date.
•Certain optional benefits limit or restrict the investment options you
may select under the policy. We may change these restrictions in the
future.
•Certain optional benefits may limit withdrawals or other rights under
the policy.
•Under certain benefits, a withdrawal could reduce the value of a
benefit by more than the dollar amount of the withdrawal.
•You are required to have a minimum Accumulation Value for some
optional benefits.
•Some optional benefits cannot be cancelled without surrendering
your policy.
•The amount of the death benefit available under certain optional
benefits may vary depending on the date of death. Certain optional
benefits may offer a lesser death benefit at issue and require that the
policy be held for a minimum waiting period before the greater death
benefit will be payable. If you die before the end of the minimum
waiting period, the death benefit will be less than the greater death
benefit available after the minimum waiting period. Additionally, where
there is a reset of certain optional benefit riders, a new minimum
waiting period will be required before the greater death benefit will be
payable. If you die before the end of the new minimum waiting
period, the death benefit may be less than the greater death benefit
available after the new minimum waiting period.
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THE
POLICIES-Policy
Application and
Premium Payments
DESCRIPTION OF
BENEFITS-
Investment
Preservation Rider
- Advisory; Annual
Death Benefit Reset
Rider; Automatic
Asset Reallocation;
and Dollar Cost
Averaging
Programs
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TAXES
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LOCATION IN
PROSPECTUS
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Tax
Implications
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•Consult with a tax professional to determine the tax implications of
an investment in, withdrawals from and surrenders of this policy,
including withdrawals to pay Advisory Fees.
•If you purchase the policy through a tax-qualified plan or individual
retirement account (IRA), such plan or IRA already provides tax
deferral under the Code and there are fees and charges in an annuity
that may not be included in such other investments. Therefore, the
tax deferral of the annuity does not provide additional benefits.
•Premiums that are made on a pre-tax basis as well as earnings on
your policy are taxed at ordinary income tax rates when you withdraw
them, and you may have to pay a 10% penalty tax if you take a
withdrawal before age 59 ½.
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FEDERAL TAX
MATTERS
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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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After you purchase the policy, the Investment Adviser will receive
compensation in the form of Advisory Fees, some of which the
Investment Adviser will pay to your investment adviser representative.
Your investment adviser representative will also receive other
compensation provided by NYLIAC. Given that a recommendation of
this policy allows your investment adviser representative to earn other
forms of compensation which may not be available in connection with
other investments, the Investment Adviser and your investment adviser
representative may have a financial incentive to offer or recommend
this policy over other investments.
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DISTRIBUTION AND
COMPENSATION
ARRANGEMENTS
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Exchanges
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Your investment adviser representative may have a financial incentive
to offer you a new policy in place of the one you own because an
exchange will result in compensation for the Investment Adviser in the
form of Advisory Fees, some of which will be paid to your investment
adviser representative. Your investment adviser representative will also
receive other compensation provided by NYLIAC. You should only
consider exchanging your policy if you determine, after comparing the
features, fees, and risks of both policies, that it is in your best interest
to purchase the new policy rather than continue to own your existing
policy.
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THE POLICIES - Tax
-Free Section 1035
Exchanges
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Type
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Portfolio
Adviser/Sub-adviser
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Current
Expenses*
|
Average Annual Total Returns
(as of 12/31/23)
|
||
1 year
|
5 year
|
10 year
|
|||
Large Cap Equity
|
MainStay VP American Century Sustainable
Equity - Service Class
Adviser: New York Life Investment
Management LLC ("New York Life Investments")/
Subadviser: American Century Investment
Management, Inc.
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0.92%
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24.08%
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12.66%
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8.46%
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Asset Allocation
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MainStay VP Balanced - Service Class
Adviser: New York Life Investments / Subadvisers:
NYL Investors LLC ("NYL Investors") and
Wellington Management Company LLP
("Wellington")
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0.95%
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7.28%
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8.15%
|
5.90%
|
Investment
Grade Bond
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MainStay VP Bond - Service Class
Adviser: New York Life Investments / Subadviser:
NYL Investors
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0.77%
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5.31%
|
0.71%
|
1.45%
|
Sector
|
MainStay VP CBRE Global Infrastructure -
Service Class
Adviser: New York Life Investments/ Subadviser:
CBRE Investment Management Listed Real Assets
LLC
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1.20%
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3.80%
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0.46%
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(2.84)%
|
Asset Allocation
|
MainStay VP Conservative Allocation - Service
Class
Adviser: New York Life Investments
|
0.73%
|
10.02%
|
5.38%
|
3.82%
|
Type
|
Portfolio
Adviser/Sub-adviser
|
Current
Expenses*
|
Average Annual Total Returns
(as of 12/31/23)
|
||
1 year
|
5 year
|
10 year
|
|||
Large Cap Equity
|
MainStay VP Epoch U.S. Equity Yield - Service
Class
Adviser: New York Life Investments / Subadviser:
Epoch Investment Partners, Inc. ("Epoch")
|
0.93%
|
8.42%
|
9.82%
|
6.91%
|
Asset Allocation
|
MainStay VP Equity Allocation - Service Class
Adviser: New York Life Investments
|
0.86%
|
17.10%
|
10.45%
|
6.62%
|
Sector
|
MainStay VP Fidelity Institutional AM® Utilities -
Service Class
Adviser: New York Life Investments / Subadviser:
FIAM LLC ("FIAM")
|
0.92%
|
(1.71)%
|
8.14%
|
6.15%
|
Non-Investment
Grade Bond
|
MainStay VP Floating Rate - Service Class
Adviser: New York Life Investments / Subadviser:
NYL Investors
|
0.89%
|
11.58%
|
4.69%
|
3.54%
|
Asset Allocation
|
MainStay VP Growth Allocation - Service Class
Adviser: New York Life Investments
|
0.82%
|
15.20%
|
9.20%
|
5.96%
|
Alternatives
|
MainStay VP Hedge Multi-Strategy (formerly
MainStay VP IQ Hedge Multi-Strategy) - Service
Class
Adviser: New York Life Investments / Subadviser:
IndexIQ Advisors LLC ("IndexIQ")
|
1.32%
|
9.98%
|
2.53%
|
(1.67)%
|
Asset Allocation
|
MainStay VP Income Builder - Service Class
Adviser: New York Life Investments / Subadvisers:
Epoch and MacKay Shields LLC ("MacKay")
|
0.87%
|
9.78%
|
5.78%
|
4.75%
|
Asset Allocation
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MainStay VP Janus Henderson Balanced -
Service Class
Adviser: New York Life Investments / Subadviser:
Janus Henderson Investors US LLC ("Janus
Henderson")
|
0.82%
|
15.23%
|
9.48%
|
7.78%
|
Non-Investment
Grade Bond
|
MainStay VP MacKay Convertible - Service
Class
Adviser: New York Life Investments / Subadviser:
MacKay
|
0.83%
|
8.58%
|
11.31%
|
8.23%
|
Non-Investment
Grade Bond
|
MainStay VP MacKay High Yield Corporate
Bond - Service Class
Adviser: New York Life Investments / Subadviser:
MacKay
|
0.83%
|
11.59%
|
5.04%
|
4.47%
|
Type
|
Portfolio
Adviser/Sub-adviser
|
Current
Expenses*
|
Average Annual Total Returns
(as of 12/31/23)
|
||
1 year
|
5 year
|
10 year
|
|||
Non-Investment
Grade Bond
|
MainStay VP MacKay Strategic Bond - Service
Class
Adviser: New York Life Investments / Subadviser:
MacKay
|
0.87%
|
9.92%
|
3.18%
|
2.49%
|
Investment
Grade Bond
|
MainStay VP MacKay U.S. Infrastructure Bond
(formerly MainStay VP MacKay Government) -
Service Class
Adviser: New York Life Investments / Subadviser:
MacKay
|
0.81%
|
4.74%
|
0.05%
|
0.72%
|
Asset Allocation
|
MainStay VP Moderate Allocation - Service
Class
Adviser: New York Life Investments
|
0.76%
|
12.73%
|
7.20%
|
4.90%
|
Sector
|
MainStay VP Natural Resources - Initial Class
Adviser: New York Life Investments / Subadviser:
Newton Investment Management North America,
LLC ("NIMNA")
|
0.84%
|
1.92%
|
18.96%
|
2.79%
|
Investment
Grade Bond
|
MainStay VP PIMCO Real Return - Service
Class
Adviser: New York Life Investments / Subadviser:
Pacific Investment Management Company LLC
("PIMCO")
|
1.03%
|
3.46%
|
3.08%
|
2.01%
|
International/
Global
Equity
|
MainStay VP PineStone International Equity
(formerly MainStay VP MacKay International
Equity) - Service Class
Adviser: New York Life Investments / Subadviser:
PineStone Asset Management Inc.
|
1.11%
|
4.01%
|
5.10%
|
3.85%
|
Large Cap Equity
|
MainStay VP S&P 500 Index - Service Class
Adviser: New York Life Investments / Subadviser:
IndexIQ
|
0.37%
|
25.83%
|
15.25%
|
11.53%
|
Small/Mid Cap
Equity
|
MainStay VP Small Cap Growth - Service Class
Adviser: New York Life Investments / Subadvisers:
Brown Advisory LLC and Segall Bryant & Hamill,
LLC
|
1.10%
|
15.22%
|
10.29%
|
7.26%
|
Money Market
|
MainStay VP U.S. Government Money Market -
Initial Class
Adviser: New York Life Investments
/ Subadviser: NYL Investors
|
0.28%
|
4.81%
|
1.61%
|
0.99%
|
Type
|
Portfolio
Adviser/Sub-adviser
|
Current
Expenses*
|
Average Annual Total Returns
(as of 12/31/23)
|
||
1 year
|
5 year
|
10 year
|
|||
Small/Mid Cap
Equity
|
MainStay VP Wellington Mid Cap - Service Class
Adviser: New York Life Investments / Subadviser:
Wellington
|
1.11%
|
13.41%
|
7.93%
|
6.39%
|
Small/Mid Cap
Equity
|
MainStay VP Wellington Small Cap - Service
Class
Adviser: New York Life Investments / Subadviser:
Wellington
|
0.99%
|
13.60%
|
6.42%
|
5.99%
|
Large Cap Equity
|
MainStay VP Wellington U.S. Equity - Service
Class
Adviser: New York Life Investments / Subadviser:
Wellington
|
0.81%
|
24.27%
|
12.88%
|
10.19%
|
Large Cap Equity
|
MainStay VP Winslow Large Cap Growth -
Service Class
Adviser: New York Life Investments
/ Subadviser: Winslow Capital Management, LLC
|
0.99%
|
42.70%
|
17.29%
|
13.18%
|
Large Cap Equity
|
AB VPS Relative Value Portfolio - Class B
Adviser: AllianceBernstein L.P.
|
0.86%
|
11.72%
|
11.57%
|
9.05%
|
Asset Allocation
|
American Funds IS Asset Allocation Fund - Class
4
Adviser: Capital Research and Management
CompanySM ("CRMC")
|
0.80%
|
14.02%
|
8.92%
|
6.98%
|
Investment
Grade Bond
|
American Funds IS The Bond Fund of America®
- Class 4
Adviser: CRMC
|
0.73%
|
4.72%
|
1.62%
|
1.83%
|
Investment
Grade Bond
|
American Funds IS Capital World Bond Fund® -
Class 4
Adviser: CRMC
|
0.98%
|
5.89%
|
(0.56)%
|
0.12%
|
International/
Global
Equity
|
American Funds IS Global Small Capitalization
Fund - Class 4
Adviser: CRMC
|
1.16%
|
15.79%
|
8.03%
|
5.51%
|
Large Cap Equity
|
American Funds IS Growth Fund - Class 4
Adviser: CRMC
|
0.84%
|
38.13%
|
18.38%
|
14.07%
|
International/
Global
Equity
|
American Funds IS New World Fund® - Class 4
Adviser: CRMC
|
1.07%
|
15.67%
|
8.37%
|
4.43%
|
Type
|
Portfolio
Adviser/Sub-adviser
|
Current
Expenses*
|
Average Annual Total Returns
(as of 12/31/23)
|
||
1 year
|
5 year
|
10 year
|
|||
Investment
Grade Bond
|
American Funds IS U.S. Government Securities
Fund® - Class 4
Adviser: CRMC
|
0.76%
|
2.62%
|
0.79%
|
1.27%
|
Large Cap Equity
|
American Funds IS Washington Mutual Investors
FundSM - Class 4
Adviser: CRMC
|
0.77%
|
16.97%
|
12.33%
|
9.64%
|
Asset Allocation
|
BlackRock® Global Allocation V.I. Fund - Class III
Adviser: BlackRock Advisors, LLC ("BlackRock") /
Subadvisers: BlackRock (Singapore) Limited and
BlackRock International Limited
|
1.02%
|
12.49%
|
7.39%
|
4.63%
|
Non-Investment
Grade Bond
|
BlackRock® High Yield V.I. Fund - Class III
Adviser: BlackRock / Subadviser: BlackRock
International Limited
|
0.79%
|
12.94%
|
5.49%
|
4.21%
|
Sector
|
BNY Mellon IP Technology Growth Portfolio -
Service Shares
Adviser: BNY Mellon Investment Adviser, Inc. /
Subadviser: NIMNA
|
1.03%
|
59.00%
|
15.31%
|
12.94%
|
Large Cap Equity
|
BNY Mellon Sustainable U.S. Equity Portfolio -
Service Shares
Adviser: BNY Mellon Investment Adviser, Inc. /
Subadviser: Newton Investment Management
Limited
|
0.92%
|
23.50%
|
14.85%
|
10.18%
|
Large Cap Equity
|
ClearBridge Variable Appreciation Portfolio -
Class II
Adviser: Franklin Templeton Fund Adviser, LLC
("FTFA") / Subadviser: ClearBridge Investments,
LLC
|
0.97%
|
19.39%
|
13.79%
|
N/A
|
Non-Investment
Grade Bond
|
Columbia Variable Portfolio - Emerging Markets
Bond Fund - Class 2
Adviser: Columbia Management Investment
Advisers, LLC ("Columbia")
|
1.00%
|
10.02%
|
1.57%
|
2.20%
|
Investment
Grade Bond
|
Columbia Variable Portfolio - Intermediate Bond
Fund - Class 2
Adviser: Columbia
|
0.76%
|
5.96%
|
1.34%
|
1.99%
|
Small/Mid Cap
Equity
|
Columbia Variable Portfolio - Small Cap Value
Fund - Class 2
Adviser: Columbia
|
1.11%
|
21.67%
|
13.39%
|
8.40%
|
Type
|
Portfolio
Adviser/Sub-adviser
|
Current
Expenses*
|
Average Annual Total Returns
(as of 12/31/23)
|
||
1 year
|
5 year
|
10 year
|
|||
Alternatives
|
DWS Alternative Asset Allocation VIP - Class B
Adviser: DWS Investment Management Americas
Inc. / Subadviser: RREEF America LLC
|
1.21%
|
5.67%
|
5.70%
|
2.63%
|
Investment
Grade Bond
|
Fidelity® VIP Bond Index Portfolio - Service Class
2
Adviser: Fidelity Management & Research
Company LLC ("FMR") / Subadvisers: Other
investment advisers
|
0.39%
|
5.13%
|
0.64%
|
N/A
|
Large Cap Equity
|
Fidelity® VIP ContrafundSM Portfolio - Service
Class 2
Adviser: FMR/ Subadvisers: Other investment
advisers
|
0.81%
|
33.12%
|
16.36%
|
11.33%
|
International/
Global
Equity
|
Fidelity® VIP Emerging Markets Portfolio -
Service Class 2
Adviser: FMR/ Subadvisers: Other investment
advisers
|
1.14%
|
9.49%
|
7.55%
|
4.92%
|
Large Cap Equity
|
Fidelity® VIP Equity-Income PortfolioSM - Service
Class 2
Adviser: FMR/ Subadvisers: Other investment
advisers
|
0.72%
|
10.38%
|
12.01%
|
8.31%
|
Small/Mid Cap
Equity
|
Fidelity® VIP Extended Market Index Portfolio -
Service Class 2
Adviser: FMR / Subadviser: Geode Capital
Management, LLC ("Geode")
|
0.38%
|
17.11%
|
11.02%
|
N/A
|
Asset Allocation
|
Fidelity® VIP FundsManager® 60% Portfolio -
Service Class
Adviser: FMR
|
0.71%
|
14.17%
|
8.61%
|
6.26%
|
Large Cap Equity
|
Fidelity® VIP Growth Opportunities Portfolio -
Service Class 2
Adviser: FMR/ Subadvisers: Other investment
advisers
|
0.84%
|
45.30%
|
18.79%
|
15.44%
|
Sector
|
Fidelity® VIP Health Care Portfolio - Service
Class 2
Adviser: FMR/ Subadvisers: Other investment
advisers
|
0.84%
|
4.01%
|
9.50%
|
10.39%
|
International/
Global
Equity
|
Fidelity® VIP International Index Portfolio -
Service Class 2
Adviser: FMR/ Subadviser: Geode
|
0.42%
|
15.88%
|
6.89%
|
N/A
|
Type
|
Portfolio
Adviser/Sub-adviser
|
Current
Expenses*
|
Average Annual Total Returns
(as of 12/31/23)
|
||
1 year
|
5 year
|
10 year
|
|||
Investment
Grade Bond
|
Fidelity® VIP Investment Grade Bond Portfolio -
Service Class 2
Adviser: FMR/ Subadvisers: Other investment
advisers
|
0.63%
|
6.00%
|
1.72%
|
2.08%
|
Small/Mid Cap
Equity
|
Fidelity® VIP Mid Cap Portfolio - Service Class 2
Adviser: FMR/ Subadvisers: Other investment
advisers
|
0.82%
|
14.80%
|
12.17%
|
7.85%
|
Asset Allocation
|
Franklin Templeton Aggressive Model Portfolio -
Class II
Adviser: FTFA/ Subadviser: Franklin Advisers, Inc.
("Franklin Advisers")
|
0.91%
|
18.05%
|
N/A
|
N/A
|
Asset Allocation
|
Franklin Templeton Moderately Aggressive Model
Portfolio - Class II
Adviser: FTFA/ Subadviser: Franklin Advisers
|
0.88%
|
15.53%
|
N/A
|
N/A
|
Asset Allocation
|
Franklin Templeton Moderate Model Portfolio -
Class II
Adviser: FTFA/ Subadviser: Franklin Advisers
|
0.85%
|
13.18%
|
N/A
|
N/A
|
Asset Allocation
|
Franklin Templeton Moderately Conservative
Model Portfolio - Class II
Adviser: FTFA/ Subadviser: Franklin Advisers
|
0.85%
|
10.31%
|
N/A
|
N/A
|
Asset Allocation
|
Franklin Templeton Conservative Model
Portfolio - Class II
Adviser: FTFA/ Subadviser: Franklin Advisers
|
0.89%
|
8.31%
|
N/A
|
N/A
|
International/
Global
Equity
|
Invesco V.I. EQV International Equity Fund -
Series II Shares
Adviser: Invesco Advisers, Inc. ("Invesco")
|
1.15%
|
17.86%
|
8.15%
|
4.07%
|
Small/Mid Cap
Equity
|
Invesco V.I. Main Street Small Cap Fund® -
Series II Shares
Adviser: Invesco
|
1.13%
|
17.82%
|
12.79%
|
8.66%
|
Small/Mid Cap
Equity
|
Janus Henderson Enterprise Portfolio - Service
Shares
Adviser: Janus Henderson
|
0.97%
|
17.78%
|
13.14%
|
11.82%
|
International/
Global
Equity
|
Janus Henderson Global Research Portfolio -
Service Shares
Adviser: Janus Henderson
|
0.86%
|
26.47%
|
13.05%
|
8.74%
|
Type
|
Portfolio
Adviser/Sub-adviser
|
Current
Expenses*
|
Average Annual Total Returns
(as of 12/31/23)
|
||
1 year
|
5 year
|
10 year
|
|||
Small/Mid Cap
Equity
|
Macquarie VIP Small Cap Value Series (formerly
Delaware® VIP Small Cap Value Series) -
Service Class
Adviser: Delaware Management Company, a
series of Macquarie Investment Management
Business Trust (a Delaware statutory trust)
|
1.08%
|
9.10%
|
9.87%
|
6.77%
|
International
Equity
|
MFS® International Intrinsic Value Portfolio -
Service Class
Adviser: Massachusetts Financial Services
Company ("MFS")
|
1.14%
|
17.37%
|
8.31%
|
6.66%
|
Large Cap Equity
|
MFS® Investors Trust Series - Service Class
Adviser: MFS
|
1.03%
|
18.66%
|
13.27%
|
10.00%
|
Mid Cap
Equity
|
MFS® Mid Cap Value Portfolio - Service Class
Adviser: MFS
|
1.04%
|
12.39%
|
12.60%
|
8.46%
|
International/
Global
Equity
|
MFS® Research International Portfolio - Service
Class
Adviser: MFS
|
1.14%
|
12.83%
|
8.23%
|
3.89%
|
Large Cap Equity
|
MFS® Research Series - Service Class
Adviser: MFS
|
1.04%
|
22.12%
|
14.13%
|
10.55%
|
Sector
|
Morgan Stanley VIF U.S. Real Estate Portfolio -
Class II
Adviser: Morgan Stanley Investment Management
Inc.
|
1.05%
|
14.22%
|
2.66%
|
4.26%
|
Small/Mid Cap
Equity
|
Neuberger Berman AMT Mid Cap Growth
Portfolio - Class S
Adviser: Neuberger Berman Investment Advisers
LLC
|
1.11%
|
17.96%
|
11.86%
|
8.69%
|
Investment
Grade Bond
|
PIMCO VIT Income Portfolio - Advisor Class
Adviser: PIMCO
|
1.13%
|
8.14%
|
3.22%
|
N/A
|
Investment
Grade Bond
|
PIMCO VIT International Bond Portfolio (U.S.
Dollar-Hedged) - Advisor Class
Adviser: PIMCO
|
1.38%
|
8.91%
|
1.54%
|
N/A
|
Investment
Grade Bond
|
PIMCO VIT Low Duration Portfolio - Advisor
Class
Adviser: PIMCO
|
0.79%
|
4.87%
|
0.88%
|
0.82%
|
Type
|
Portfolio
Adviser/Sub-adviser
|
Current
Expenses*
|
Average Annual Total Returns
(as of 12/31/23)
|
||
1 year
|
5 year
|
10 year
|
|||
Investment
Grade Bond
|
PIMCO VIT Short-Term Portfolio - Advisor Class
Adviser: PIMCO
|
0.76%
|
5.80%
|
2.02%
|
1.76%
|
Investment
Grade Bond
|
PIMCO VIT Total Return Portfolio - Advisor Class
Adviser: PIMCO
|
0.85%
|
5.83%
|
0.98%
|
1.60%
|
Sector
|
Principal VC Real Estate Securities Account -
Class 2
Adviser: Principal Global Investors, LLC /
Subadviser: Principal Real Estate Investors, LLC
|
1.04%
|
13.01%
|
8.24%
|
8.44%
|
International/
Global
Equity
|
Putnam VT International Value Fund - Class IB
Adviser: Putnam Investment Management, LLC /
Subadvisers: Putnam Investments Limited and The
Putnam Advisory Company, LLC
|
1.13%
|
18.68%
|
9.70%
|
3.88%
|
Large Cap Equity
|
Voya Growth and Income Portfolio - Class S
Adviser: Voya Investments, LLC / Subadviser:
Voya Investment Management Co. LLC
|
0.92%
|
27.06%
|
15.90%
|
11.02%
|
Investment
Grade Bond
|
Western Asset Core Plus VIT Portfolio - Class II
Adviser: FTFA/ Subadvisers: Western Asset
Management Company, LLC; Western Asset
Management Company Limited in London;
Western Asset Management Company Pte. Ltd. in
Singapore; and Western Asset Management
Company Ltd. in Japan
|
0.76%
|
6.44%
|
0.98%
|
N/A
|
Moderately Aggressive
|
Moderate
|
||
100%
|
Franklin Templeton Moderately Aggressive Model
Portfolio
|
100%
|
Franklin Templeton Moderate Model Portfolio
|
Moderately Conservative
|
|||
100%
|
Franklin Templeton Moderately Conservative Model
Portfolio
|
Category A:
|
||
Minimum Allocation
|
30
%
|
|
Maximum Allocation
|
100
%
|
|
Subcategory I Funds (Minimum Allocation 10% - total among all the subcategory I Funds)
|
||
MainStay VP Bond
MainStay VP MacKay U.S. Infrastructure Bond
MainStay VP PIMCO Real Return
MainStay VP U.S. Government Money Market
American Funds IS The Bond Fund of America®
American Funds IS Capital World Bond Fund®
American Funds IS U.S. Government Securities Fund®
Columbia Variable Portfolio - Intermediate Bond Fund
Fidelity® VIP Bond Index Portfolio
|
Fidelity® VIP Investment Grade Bond Portfolio
PIMCO VIT Income Portfolio
PIMCO VIT International Bond Portfolio (U.S.
Dollar-Hedged)
PIMCO VIT Low Duration Portfolio
PIMCO VIT Short-Term Portfolio
PIMCO VIT Total Return Portfolio
Western Asset Core Plus VIT Portfolio
|
|
Subcategory II Funds
|
||
MainStay VP Floating Rate
MainStay VP MacKay High Yield Corporate Bond
MainStay VP MacKay Strategic Bond
|
BlackRock® High Yield V.I. Fund
Columbia Variable Portfolio - Emerging Markets Bond
|
|
Category B:
|
||
Minimum Allocation
|
0
%
|
|
Maximum Allocation
|
70
%
|
|
Category B Funds
|
||
MainStay VP American Century Sustainable Equity
MainStay VP Epoch U.S. Equity Yield
MainStay VP Hedge Multi-Strategy
MainStay VP MacKay Convertible
MainStay VP S&P 500 Index
MainStay VP Wellington U.S. Equity
MainStay VP Winslow Large Cap Growth
AB VPS Relative Value Portfolio
American Funds IS Growth Fund
American Funds IS Washington Mutual Investors FundSM
|
BNY Mellon Sustainable U.S. Equity Portfolio
ClearBridge Variable Appreciation Portfolio
DWS Alternative Asset Allocation VIP
Fidelity® VIP ContrafundSM Portfolio
Fidelity® VIP Equity-Income PortfolioSM
Fidelity® VIP Growth Opportunities Portfolio
MFS® Investors Trust Series
MFS® Research Series
Voya Growth and Income Portfolio
|
|
Category C:
|
||
Minimum Allocation
|
0
%
|
|
Maximum Allocation
|
25
%
|
|
Subcategory I Funds (Maximum Allocation 15% - total among all the subcategory I Funds)
|
||
MainStay VP Small Cap Growth
MainStay VP Wellington Mid Cap
MainStay VP Wellington Small Cap
Columbia Variable Portfolio - Small Cap Value
Fidelity® VIP Extended Market Index Portfolio
Fidelity® VIP Mid Cap Portfolio
|
Invesco V.I. Main Street Small Cap Fund®
Janus Henderson Enterprise Portfolio
Macquarie VIP Small Cap Value Series
MFS® Mid Cap Value Portfolio
Neuberger Berman AMT Mid Cap Growth Portfolio
|
|
Subcategory II Funds (Maximum Allocation 15% - total among all the subcategory II Funds)
|
||
MainStay VP PineStone International Equity
American Funds IS Global Small Capitalization Fund
American Funds IS New World Fund®
Fidelity® VIP Emerging Markets Portfolio
Fidelity® VIP International Index Portfolio
|
Invesco V.I. EQV International Equity Fund
Janus Henderson Global Research Portfolio
MFS® International Intrinsic Value Portfolio
MFS® Research International Portfolio
Putnam VT International Value Fund
|
|
Subcategory III Funds (Maximum Allocation 10% - total among all the subcategory III Funds)
|
||
MainStay VP CBRE Global Infrastructure
MainStay VP Fidelity Institutional AM® Utilities
MainStay VP Natural Resources
BNY Mellon IP Technology Growth Portfolio
|
Fidelity® VIP Health Care Portfolio
Morgan Stanley VIF U.S. Real Estate Portfolio
Principal VC Real Estate Securities Account
|
Category D:
|
||
Minimum Allocation
|
100
%
|
|
Category D Asset Allocation Funds
|
||
MainStay VP Balanced
MainStay VP Conservative Allocation
MainStay VP Income Builder
MainStay VP Janus Henderson Balanced
MainStay VP Moderate Allocation
American Funds IS Asset Allocation Fund
BlackRock® Global Allocation V.I. Fund
Fidelity® VIP FundsManager® 60% Portfolio
Franklin Templeton Moderately Aggressive Model Portfolio
Franklin Templeton Moderate Model Portfolio
Franklin Templeton Moderately Conservative Model Portfolio
Franklin Templeton Conservative Model Portfolio
|
Moderate
|
Moderately Conservative
|
||
100%
|
Franklin Templeton Moderate Model Portfolio
|
100%
|
Franklin Templeton Moderately Conservative Model
Portfolio
|
Category A:
|
||
Minimum Allocation
|
40
%
|
|
Maximum Allocation
|
100
%
|
|
Subcategory I Funds (Minimum Allocation 10% - total among all the subcategory I Funds)
|
||
MainStay VP Bond
MainStay VP MacKay U.S. Infrastructure Bond
MainStay VP PIMCO Real Return
MainStay VP U.S. Government Money Market
American Funds IS The Bond Fund of America®
American Funds IS Capital World Bond Fund®
American Funds IS U.S. Government Securities Fund®
Columbia Variable Portfolio - Intermediate Bond Fund
Fidelity® VIP Bond Index Portfolio
|
Fidelity® VIP Investment Grade Bond Portfolio
PIMCO VIT Income Portfolio
PIMCO VIT International Bond Portfolio (U.S.
Dollar-Hedged)
PIMCO VIT Low Duration Portfolio
PIMCO VIT Short-Term Portfolio
PIMCO VIT Total Return Portfolio
Western Asset Core Plus VIT Portfolio
|
|
Subcategory II Funds
|
||
MainStay VP Floating Rate
MainStay VP MacKay High Yield Corporate Bond
MainStay VP MacKay Strategic Bond
|
BlackRock® High Yield V.I. Fund
Columbia Variable Portfolio - Emerging Markets Bond
|
|
Category B:
|
||
Minimum Allocation
|
0
%
|
|
Maximum Allocation
|
60
%
|
|
Category B Funds
|
||
MainStay VP American Century Sustainable Equity
MainStay VP Epoch U.S. Equity Yield
MainStay VP Hedge Multi-Strategy
MainStay VP MacKay Convertible
MainStay VP S&P 500 Index
MainStay VP Wellington U.S. Equity
MainStay VP Winslow Large Cap Growth
AB VPS Relative Value Portfolio
American Funds IS Growth Fund
American Funds IS Washington Mutual Investors FundSM
|
BNY Mellon Sustainable U.S. Equity Portfolio
ClearBridge Variable Appreciation Portfolio
DWS Alternative Asset Allocation VIP
Fidelity® VIP ContrafundSM Portfolio
Fidelity® VIP Equity-Income PortfolioSM
Fidelity® VIP Growth Opportunities Portfolio
MFS® Investors Trust Series
MFS® Research Series
Voya Growth and Income Portfolio
|
|
Category C:
|
||
Minimum Allocation
|
0
%
|
|
Maximum Allocation
|
25
%
|
|
Subcategory I Funds (Maximum Allocation 15% - total among all the subcategory I Funds)
|
||
MainStay VP Small Cap Growth
MainStay VP Wellington Mid Cap
MainStay VP Wellington Small Cap
Columbia Variable Portfolio - Small Cap Value
Fidelity® VIP Extended Market Index Portfolio
Fidelity® VIP Mid Cap Portfolio
|
Invesco V.I. Main Street Small Cap Fund®
Janus Henderson Enterprise Portfolio
Macquarie VIP Small Cap Value Series
MFS® Mid Cap Value Portfolio
Neuberger Berman AMT Mid Cap Growth Portfolio
|
|
Subcategory II Funds (Maximum Allocation 15% - total among all the subcategory II Funds)
|
||
MainStay VP PineStone International Equity
American Funds IS Global Small Capitalization Fund
American Funds IS New World Fund®
Fidelity® VIP Emerging Markets Portfolio
Fidelity® VIP International Index Portfolio
|
Invesco V.I. EQV International Equity Fund
Janus Henderson Global Research Portfolio
MFS® International Intrinsic Value Portfolio
MFS® Research International Portfolio
Putnam VT International Value Fund
|
|
Subcategory III Funds (Maximum Allocation 10% - total among all the subcategory III Funds)
|
||
MainStay VP CBRE Global Infrastructure
MainStay VP Fidelity Institutional AM® Utilities
MainStay VP Natural Resources
BNY Mellon IP Technology Growth Portfolio
|
Fidelity® VIP Health Care Portfolio
Morgan Stanley VIF U.S. Real Estate Portfolio
Principal VC Real Estate Securities Account
|
Category D:
|
||
Minimum Allocation
|
100
%
|
|
Category D Asset Allocation Funds
|
||
MainStay VP Balanced
MainStay VP Conservative Allocation
MainStay VP Income Builder
MainStay VP Janus Henderson Balanced
MainStay VP Moderate Allocation
BlackRock® Global Allocation V.I. Fund
Fidelity® VIP FundsManager® 60% Portfolio
Franklin Templeton Moderate Model Portfolio
Franklin Templeton Moderately Conservative Model Portfolio
Franklin Templeton Conservative Model Portfolio
|