|
Regular Mail |
Express Mail |
All written service requests (except for payments) |
NYL Annuities - TPD Mail Code7390 P.O. Box 7247 Philadelphia, PA 19170-7390 |
NYL Annuities - TPD
400 White Clay Center Drive
Attn: LOCKBOX #7390 Newark, DE 19711 |
|
Regular Mail |
Express Mail |
Premium Payments |
NYL Annuities - TPD Mail Code 7390 P.O. Box 7247 Philadelphia, PA 19170-7390 |
NYL Annuities - TPD
400 White Clay Center Drive
Attn: LOCKBOX #7390 Newark, DE 19711 |
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. | |
The following Portfolios
are added as available
Investment Divisions
under the policy including
with any of the Investment
Preservation Riders |
American Funds IS Capital World Bond Fund®—Class 4 |
American Funds IS U.S. Government Securities Fund®—Class 4 | |
Fidelity® VIP Extended Market Index Portfolio—Service
Class 2 | |
PIMCO VIT Short-Term Portfolio—Advisor Class | |
Principal VC Real Estate Securities Account—Class 2 |
|
Putnam VT International Value Fund—Class IB | |
Voya Growth and Income Portfolio—Class S | |
The names of the
following Portfolios have
been changed: |
MainStay VP Hedge Multi-Strategy (formerly known as MainStay VP IQ Hedge
Multi-Strategy) |
Mainstay VP MacKay U.S. Infrastructure Bond (formerly known as MainStay VP
MacKay Government) | |
MainStay VP PineStone International Equity (formerly known as MainStay VP
MacKay International Equity) | |
Macquarie VIP Small Cap Value Series (formerly known as Delaware VIP® Small
Cap Value Series) | |
Portfolio Performance and
Expenses |
For updated Portfolio performance and expense information, see the Appendix for the
Portfolios Available Under the Policy. |
|
FEES AND EXPENSES |
LOCATION IN
PROSPECTUS |
Charges for Early
Withdrawal |
If you withdraw more than the Surrender Charge Free Amount within 7
years following your last premium payment, you will be assessed a
surrender charge. The maximum surrender charge is 8% of the amount
withdrawn during the first Payment Year declining to 0% over that
seven-year period. For example, if you make an early withdrawal within
the first Payment Year, you could pay a surrender charge of up to
$8,000 on a $100,000 investment. |
CHARGES AND
DEDUCTIONS –
Transaction
Expenses –
Surrender Charges |
Transaction
Charges |
We reserve the right to assess a transaction charge if you transfer cash
value between investment options more than 12 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. |
CHARGES AND
DEDUCTIONS –
Transaction
Expenses |
Ongoing Fees
and Expenses
(annual charges) |
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. |
CHARGES AND DEDUCTIONS – Annual Policy Expenses; Annual Portfolio Expenses; Optional Benefit Expenses |
|
ANNUAL FEE |
MINIMUM |
MAXIMUM |
|
|
Base contract1 |
1.00% |
1.30% |
CHARGES AND
DEDUCTIONS –
Annual Policy
Expenses |
|
Investment options (Portfolio fees
and expenses)2 |
0.38% |
1.42% |
CHARGES AND
DEDUCTIONS –
Annual Portfolio
Expenses |
|
Optional benefits available for an
additional charge (for a single
optional benefit, if elected)3 |
0.25% |
1.15% |
CHARGES AND
DEDUCTIONS –
Optional Benefit
Expenses |
|
1 As a percentage of Accumulation Value (Minimum Base Contract
Charge) and as a percentage of Adjusted Premium Payments (Maximum Base Contract Charge). 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, as an annualized percentage of the
amount guaranteed under the rider. The maximum fee reflects the
current charge for the Investment Preservation Rider - FP Series
(10-year holding period), as an annualized percentage of the amount
that is guaranteed under the rider. |
|
|
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 each year, based on current charges. This estimate assumes that
you do not take withdrawals from the policy, which could add surrender charges that substantially increase costs. |
| ||
|
LOWEST ANNUAL COST: $1,420.17 |
HIGHEST ANNUAL COST $3,246.62 |
| |
|
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 •No additional purchase payments, transfers or withdrawals |
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 •No additional purchase
payments, transfers or
withdrawals |
|
|
RISKS |
LOCATION IN
PROSPECTUS |
Risk of Loss |
You can lose money by investing in this policy. |
PRINCIPAL RISKS |
Not a Short-Term
Investment |
This policy is not designed for short-term investing and is not
appropriate for an investor who readily needs access to cash.
Surrender charges apply for up to 7 years following your last premium
payment. They will reduce the value of your policy if you withdraw
money during that time. 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 Investment
Preservation Rider – FP Series, 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. |
PRINCIPAL RISKS |
Risks Associated
with Investment
Options |
•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 (e.g., Portfolios) and guaranteed options (e.g., the Fixed Account and DCA Advantage Account) you choose. •Each investment option has its own unique risks. •You should review the prospectuses for the available Portfolios and the description in this prospectus of the Fixed Account and the DCA
Advantage Account before making an investment decision. |
PRINCIPAL RISKS |
Insurance
Company
Risks |
An investment in the policy is subject to the risks related to NYLIAC,
including that any obligations, 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 the New York Life Annuities Service
Center at 800-762-6212. |
PRINCIPAL RISKS |
|
RESTRICTIONS |
LOCATION IN
PROSPECTUS |
Investments |
•We limit the number of Investment Divisions you may choose. You may allocate premium payments to up to 18 separate Investment Divisions, plus the Fixed Account, some of which may not be available under your policy. •We reserve the right to charge $30 for each transfer when you transfer money between Investment Divisions in excess of 12 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. |
THE
POLICIES—Policy
Application and
Premium Payments,
Transfers, and
Limits on Transfers NYLIAC AND THE
SEPARATE
ACCOUNTS— Additions, Deletions, or Substitutions of Investments |
Optional Benefits |
•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. •We may modify or discontinue an optional benefit at any time. •Some optional benefits cannot be cancelled without surrendering your policy. •The amount of 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. |
DESCRIPTION OF
BENEFITS |
|
TAXES |
LOCATION IN
PROSPECTUS |
Tax
Implications |
•Consult with a tax professional to determine the tax implications of an investment in, withdrawals from and surrenders of this policy. •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 59½. |
FEDERAL TAX MATTERS |
|
CONFLICTS OF INTEREST |
LOCATION IN
PROSPECTUS |
Investment
Professional
Compensation |
Your registered representative may receive compensation for selling
this policy to you, in the form of commissions, asset-based
compensation, allowances for expenses, and other compensation
programs. The amount of compensation will vary depending on the
specific payment arrangements of the broker-dealer for whom your
registered representative works. This compensation may differ from the
compensation paid by other companies for sales of their
products. Differences in compensation have the potential to
influence the recommendation made by your registered representative
or broker-dealer. Your registered representative may have a
financial incentive to offer or recommend this policy over another
investment. |
DISTRIBUTION AND
COMPENSATION
ARRANGEMENTS |
Exchanges |
Your registered representative may have a financial incentive to offer
you a new policy in place of the one you own. You should 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. |
THE POLICIES – Tax-Free Section 1035 Exchanges |
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 American Century Sustainable
Equity — Service Class Adviser: New York Life Investment Management LLC (“New York Life Investments”) /
Subadviser: American Century Investment Management Inc. |
0.92% |
24.08% |
12.66% |
8.46% |
Asset Allocation |
MainStay VP Balanced — Service Class Adviser: New York Life Investments / Subadviser:
NYL Investors LLC (“NYL Investors”)
and Wellington Management Company LLP
(“Wellington”) |
0.95% |
7.28% |
8.15% |
5.90% |
Investment
Grade Bond |
MainStay VP Bond — Service Class Adviser: New York Life Investments / Subadviser:
NYL Investors |
0.77% |
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 |
1.20% |
3.80% |
0.46% |
(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 |
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 |
Sector |
Columbia Variable Portfolio — Commodity
Strategy Fund — Class 2+ Adviser: Columbia Management Investment Advisers, LLC (“Columbia”)] / Subadviser: Threadneedle International Limited |
1.01% |
(7.14)% |
9.08% |
(0.97)% |
Non-Investment
Grade Bond |
Columbia Variable Portfolio — Emerging Markets
Bond Fund — Class 2 Adviser: 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% |
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 |
Columbia Variable Portfolio — Small Cap Value
Fund — Class 2 Adviser: Columbia |
1.11% |
21.67% |
13.39% |
8.40% |
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% |
Type |
Portfolio
Adviser/Sub–adviser |
Current
Expenses* |
Average Annual Total Returns
(as of 12/31/23) | ||
1 year |
5 year |
10 year | |||
International/
Global
Equity |
Fidelity® VIP International Index Portfolio —
Service Class 2 Adviser: FMR / Subadviser: Geode |
0.42% |
15.88% |
6.89% |
N/A |
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% |
Type |
Portfolio
Adviser/Sub–adviser |
Current
Expenses* |
Average Annual Total Returns
(as of 12/31/23) | ||
1 year |
5 year |
10 year | |||
International/
Global
Equity |
Janus Henderson Global Research Portfolio —
Service Shares Adviser: Janus Henderson |
0.86% |
26.47% |
13.05% |
8.74% |
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 |
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 Low Duration Portfolio — Advisor
Class Adviser: PIMCO |
0.79% |
4.87% |
0.88% |
0.82% |
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 |
Conservative (only available for 20-year holding period) | ||
100% |
Franklin Templeton Moderately Conservative Model Portfolio |
100% |
Franklin Templeton 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 |
|
Columbia Variable Portfolio — Commodity Strategy 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 |
|
|
Moderately Aggressive |
Moderate | ||
10% |
MainStay VP S&P 500 Index |
10% |
MainStay VP S&P 500 Index |
10% |
DWS Alternative Asset Allocation VIP |
10% |
DWS Alternative Asset Allocation VIP |
7% |
PIMCO VIT Total Return Portfolio |
8% |
MainStay VP Bond |
7% |
MainStay VP MacKay High Yield Corporate Bond |
7% |
PIMCO VIT Total Return Portfolio |
7% |
American Funds IS Washington Mutual Investors
FundSM |
7% |
Fidelity® VIP Bond Index Portfolio |
7% |
MainStay VP Wellington Mid Cap |
7% |
MainStay VP MacKay High Yield Corporate Bond |
6% |
MainStay VP Bond |
6% |
MainStay VP MacKay U.S. Infrastructure Bond |
6% |
MFS® Investors Trust Series |
5% |
MainStay VP PIMCO Real Return |
5% |
MainStay VP PIMCO Real Return |
5% |
Columbia Variable Portfolio — Emerging Markets Bond |
5% |
Columbia Variable Portfolio — Emerging Markets Bond |
5% |
MFS® Investors Trust Series |
5% |
MFS® Research Series |
5% |
MFS® Research Series |
5% |
Fidelity® VIP Equity-Income PortfolioSM
|
5% |
Fidelity® VIP Equity-Income PortfolioSM
|
5% |
ClearBridge Variable Appreciation Portfolio |
5% |
American Funds IS Washington Mutual Investors
FundSM |
Moderately Aggressive |
Moderate | ||
5% |
MainStay VP PineStone International Equity |
5% |
MainStay VP Wellington Mid Cap |
5% |
American Funds IS New World Fund® |
5% |
American Funds IS New World Fund® |
5% |
MFS® International Intrinsic Value Portfolio |
5% |
MFS® International Intrinsic Value Portfolio |
Moderately Conservative |
Conservative | ||
10% |
MainStay VP Bond |
14% |
PIMCO VIT International Bond Port (U.S. Dollar-Hedged) |
10% |
PIMCO VIT Total Return Portfolio |
12% |
MainStay VP Bond |
10% |
DWS Alternative Asset Allocation VIP |
11% |
PIMCO VIT Total Return Portfolio |
9% |
Fidelity® VIP Bond Index Portfolio |
10% |
MainStay VP MacKay U.S. Infrastructure Bond |
8% |
MainStay VP MacKay U.S. Infrastructure Bond |
10% |
Fidelity® VIP Bond Index Portfolio |
7% |
MainStay VP MacKay High Yield Corporate Bond |
10% |
DWS Alternative Asset Allocation VIP |
6% |
MainStay VP PIMCO Real Return |
7% |
MainStay VP PIMCO Real Return |
5% |
PIMCO VIT International Bond Port (U.S. Dollar-Hedged) |
7% |
MainStay VP MacKay High Yield Corporate Bond |
5% |
Columbia Variable Portfolio — Emerging Markets Bond |
5% |
Columbia Variable Portfolio — Emerging Markets Bond |
5% |
MainStay VP S&P 500 Index |
4% |
BlackRock® High Yield V.I. Fund |
5% |
MFS® Investors Trust Series |
4% |
American Funds IS Washington Mutual Investors
FundSM |
5% |
MFS® Research Series |
3% |
MFS® Research Series |
5% |
Fidelity® VIP Equity-Income PortfolioSM
|
3% |
MainStay VP Wellington Mid Cap |
5% |
American Funds IS Washington Mutual Investors
FundSM |
|
|
5% |
MainStay VP Wellington Mid Cap |
|
|
Asset Allocation Categories: |
|
|
Category A: |
|
|
Minimum Allocation |
30 % |
|
Maximum Allocation |
100 % |
|
Category A Funds
|
|
|
MainStay VP Bond |
|
Columbia Variable Portfolio — Intermediate Bond Fund |
MainStay VP Floating Rate |
|
Fidelity® VIP Bond Index Portfolio |
MainStay VP MacKay High Yield Corporate Bond |
|
Fidelity® VIP Investment Grade Bond Portfolio |
MainStay VP MacKay Strategic Bond |
|
PIMCO VIT Income Portfolio |
MainStay VP MacKay U.S. Infrastructure Bond |
|
PIMCO VIT International Bond Port (U.S. Dollar-Hedged) |
MainStay VP U.S. Government Money Market |
|
PIMCO VIT Low Duration Portfolio |
American Funds IS The Bond Fund of
America® |
|
PIMCO VIT Short-Term Portfolio |
American Funds IS Capital World Bond
Fund® |
|
PIMCO VIT Total Return Portfolio |
American Funds IS U.S. Government Securities
Fund® |
|
Western Asset Core Plus VIT Portfolio |
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 |
|
American Funds IS Asset Allocation Fund |
MainStay VP Balanced |
|
American Funds IS Growth Fund |
MainStay VP Conservative Allocation |
|
American Funds IS Washington Mutual Investors Fund |
MainStay VP Epoch U.S. Equity Yield |
|
BlackRock® Global Allocation V.I. Fund |
MainStay VP Equity Allocation |
|
BNY Mellon Sustainable U.S. Equity Portfolio |
MainStay VP Fidelity Institutional AM® Utilities |
|
ClearBridge Variable Appreciation Portfolio |
MainStay VP Growth Allocation |
|
DWS Alternative Asset Allocation VIP |
MainStay VP Hedge Multi-Strategy |
|
Fidelity® VIP ContrafundSM Portfolio |
MainStay VP Income Builder |
|
Fidelity® VIP FundsManager® 60% Portfolio |
MainStay VP Janus Henderson Balanced |
|
Fidelity® VIP Growth Opportunities Portfolio |
MainStay VP MacKay Convertible |
|
Franklin Templeton Moderately Aggressive Model Portfolio |
MainStay VP Moderate Allocation |
|
Franklin Templeton Moderate Model Portfolio |
MainStay VP S&P 500 Index |
|
Franklin Templeton Moderately Conservative Model Portfolio |
MainStay VP Wellington U.S. Equity |
|
Franklin Templeton Conservative Model Portfolio |
MainStay VP Winslow Large Cap Growth |
|
MFS® Investors Trust Series |
AB VPS Relative Value Portfolio |
|
MFS® Research Series |
|
|
Voya Growth and Income |
Category C: |
|
|
Minimum Allocation |
0 % |
|
Maximum Allocation |
10 % |
|
Category C Funds |
|
|
MainStay VP CBRE Global Infrastructure MainStay VP Natural Resources MainStay VP PineStone International Equity MainStay VP Small Cap Growth MainStay VP Wellington Mid Cap MainStay VP Wellington Small Cap American Funds IS Global Small Capitalization Fund
American Funds IS New World Fund®
BNY Mellon IP Technology Growth Portfolio
Columbia Variable Portfolio — Commodity Strategy
Columbia Variable Portfolio — Small Cap Value
Fidelity® VIP Emerging Markets Portfolio
Fidelity® VIP Equity-Income PortfolioSM Fidelity® VIP Extended Market Index Portfolio |
|
Fidelity® VIP Health Care Portfolio
Fidelity® VIP International Index Portfolio
Fidelity® VIP Mid Cap Portfolio
Invesco V.I. EQV International Equity Fund
Invesco V.I. Main Street Small Cap Fund® Janus Henderson Enterprise Portfolio
Janus Henderson Global Research Portfolio
Macquarie VIP Small Cap Value Series
MFS® International Intrinsic Value
Portfolio MFS® Mid Cap Value Portfolio
MFS® Research International Portfolio
Morgan Stanley VIF U.S. Real Estate Portfolio
Neuberger Berman AMT Mid Cap Growth Portfolio
Principal VC Real Estate Securities
Putnam VT International Value |
Moderately Aggressive |
Moderate | ||
100% |
Franklin Templeton Moderately Aggressive Model Portfolio |
100% |
Franklin Templeton Moderate Model Portfolio |
Moderately Conservative |
Conservative (only available for 20-year holding period) | ||
100% |
Franklin Templeton Moderately Conservative Model Portfolio |
100% |
Franklin Templeton Conservative Model Portfolio |
Moderately Aggressive |
Moderate | ||
10% |
MainStay VP S&P 500 Index |
10% |
MainStay VP S&P 500 Index |
10% |
DWS Alternative Asset Allocation VIP |
10% |
DWS Alternative Asset Allocation VIP |
7% |
PIMCO VIT Total Return Portfolio |
8% |
MainStay VP Bond |
7% |
MainStay VP MacKay High Yield Corporate Bond |
7% |
PIMCO VIT Total Return Portfolio |
7% |
American Funds IS Washington Mutual Investors
FundSM |
7% |
Fidelity® VIP Bond Index Portfolio |
7% |
MainStay VP Wellington Mid Cap |
7% |
MainStay VP MacKay High Yield Corporate Bond |
6% |
MainStay VP Bond |
6% |
MainStay VP MacKay U.S. Infrastructure Bond |
6% |
MFS® Investors Trust Series |
5% |
MainStay VP PIMCO Real Return |
5% |
MainStay VP PIMCO Real Return |
5% |
Columbia Variable Portfolio — Emerging Markets Bond |
5% |
Columbia Variable Portfolio — Emerging Markets Bond |
5% |
MFS® Investors Trust Series |
5% |
MFS® Research Series |
5% |
MFS® Research Series |
5% |
Fidelity® VIP Equity-Income PortfolioSM
|
5% |
Fidelity® VIP Equity-Income PortfolioSM
|
5% |
ClearBridge Variable Appreciation Portfolio |
5% |
American Funds IS Washington Mutual Investors
FundSM |
5% |
MainStay VP PineStone International Equity |
5% |
MainStay VP Wellington Mid Cap |
5% |
American Funds IS New World Fund® |
5% |
American Funds IS New World Fund® |
5% |
MFS® International Intrinsic Value Portfolio |
5% |
MFS® International Intrinsic Value Portfolio |
Moderately Conservative |
Conservative | ||
10% |
MainStay VP Bond |
14% |
PIMCO VIT International Bond Port (U.S. Dollar-Hedged) |
10% |
PIMCO VIT Total Return Portfolio |
12% |
MainStay VP Bond |
10% |
DWS Alternative Asset Allocation VIP |
11% |
PIMCO VIT Total Return Portfolio |
9% |
Fidelity® VIP Bond Index Portfolio |
10% |
MainStay VP MacKay U.S. Infrastructure Bond |
8% |
MainStay VP MacKay U.S. Infrastructure Bond |
10% |
Fidelity® VIP Bond Index Portfolio |
7% |
MainStay VP MacKay High Yield Corporate Bond |
10% |
DWS Alternative Asset Allocation VIP |
Moderately Conservative |
Conservative | ||
6% |
MainStay VP PIMCO Real Return |
7% |
MainStay VP PIMCO Real Return |
5% |
PIMCO VIT International Bond Port (U.S. Dollar-Hedged) |
7% |
MainStay VP MacKay High Yield Corporate Bond |
5% |
Columbia Variable Portfolio — Emerging Markets Bond |
5% |
Columbia Variable Portfolio — Emerging Markets Bond |
5% |
MainStay VP S&P 500 Index |
4% |
BlackRock® High Yield V.I. Fund |
5% |
MFS® Investors Trust Series |
4% |
American Funds IS Washington Mutual Investors
FundSM |
5% |
MFS® Research Series |
3% |
MFS® Research Series |
5% |
Fidelity® VIP Equity-Income PortfolioSM
|
3% |
MainStay VP Wellington Mid Cap |
5% |
American Funds IS Washington Mutual Investors
FundSM |
|
|
5% |
MainStay VP Wellington Mid Cap |
|
|