Supplement dated May 19, 2022 to the
Prospectus for your Variable Annuity
Issued by
EVERLAKE LIFE INSURANCE COMPANY
This supplement amends certain disclosure contained in the prospectus for your Variable Annuity contract issued by Everlake Life Insurance Company.
This Supplement contains information about changes, effective May 1, 2022, to the Current Expenses for the following Portfolio available through your Variable Annuity.
The table captioned “Portfolios Available Under the Annuity” in the “Appendix A” section of the Prospectus is revised as follows with respect to the Portfolio shown below:
| | | | | | | | | | | | | | | | | |
Fund Type | Portfolio Company and Adviser/ Subadviser | Current Expenses | Average Annual Total Returns (as of 12/31/20) |
1-Year | 5-Year | 10-Year |
Equity | Templeton Foreign VIP Fund - Class 2*,‡
Templeton Investment Counsel, LLC | 1.06% | 4.16% | 2.71% | 4.00% |
* The Portfolio’s annual expenses reflect temporary fee reductions.
‡ Closed to all new investments except those made by existing contract owners.
If you have any questions, please contact your financial professional or our Variable Annuities Service Center at (800) 457-7617. Our representatives are available to assist you Monday through Friday between 7:30 a.m. and 5:00 p.m. Central time.