As filed with the Securities and Exchange Commission on April 19, 2024
File No. 333-194044
File No. 811-08183
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-4
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ☒
PRE-EFFECTIVE AMENDMENT NO. ☐
POST-EFFECTIVE AMENDMENT NO. 15 ☒
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 ☒
AMENDMENT NO. 75 ☒
(Exact Name of Registrant)
(Name of Depositor)
370 Lexington Avenue, Suite 703
New York, New York 10017
(Address of Depositor’s Principal Executive Offices)
(Depositor’s Telephone Number, including Area Code)
2801 Highway 280 South
Birmingham, Alabama 35223
(Name and Address of Agent for Services)
Copy to:
Stephen Roth, Esq.
Thomas Bisset, Esq.
Eversheds Sutherland (US) LLP
700 6th Street, NW
Washington, D.C. 20001
Title of Securities Being Registered:
Flexible Premium Deferred Variable Annuity Contract
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Schwab OneSource Choice
Variable Annuity |
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Issued by
Empower Life & Annuity Insurance Company of New York Variable Annuity‑1 Series Account of New York P.O. Box 1854 Birmingham, Alabama 35201‑1854 Telephone: (800) 838‑0650 |
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| INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | | | | |
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FEES AND EXPENSES
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| Charges for Early Withdrawals | | |
There are no charges for surrenders or partial withdrawals prior to the Annuity Commencement Date.
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Transaction Charges
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Transfer Charge. Currently no charge, but we reserve the right to charge $25 per transfer.
For additional information about transaction charges, see “FEE TABLE” in the Prospectus.
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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 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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Annual Fee
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Maximum
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Minimum
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| Base contract (1) | | |
0.65%
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0.65%
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| Investment options (Portfolio fees and expenses) (2) | | |
2.30%
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0.03%
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| Optional Guaranteed Lifetime Withdrawal Benefit Riders available for an additional charge (for a single optional benefit, if elected) | | | | | | | |
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For Contract applications signed before May 1, 2017 (3)
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1.50%
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1.00%
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For Contract applications signed on or after May 1, 2017 (4)
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1.50%
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0.90%
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Lowest Annual Cost:
$680 |
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Highest Annual Cost:
$4,650 |
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| Assumes: | | | Assumes: | |
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Investment of $100,000
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5% annual appreciation of the Annuity Account Value
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Least expensive combination of Portfolio fees and expenses
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No optional GLWB Rider
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No sales charges
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No additional purchase payments, transfers or withdrawals
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Investment of $100,000
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5% annual appreciation of the Annuity Account Value
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Most expensive combination of GLWB Rider fee and Covered Funds or Portfolio fees and expenses
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No sales charges
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No additional Purchase Payments, transfers, or withdrawals
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RISKS
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Risk of Loss
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You can lose money by investing in this Contract, including loss of principal.
For additional information about the risk of loss, see “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT” in the Prospectus.
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Not a Short-Term Investment
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This Contract is a long-term investment and is typically most useful as part of a personal retirement plan. It is not suitable as a vehicle for short-term savings and is not appropriate for an investor who needs ready access to cash. Early withdrawals may be subject to federal and state income taxes and a 10% federal additional tax if you are younger than age 59 1/2.
For additional information about the investment profile of the Contract, see “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT,” and “OVERVIEW OF THE VARIABLE ANNUITY CONTRACT” in the Prospectus.
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Risks Associated with Investment Options
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An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the investment performance of the Portfolios corresponding to the Sub-Accounts you select.
Each Portfolio has its own unique risks.
You should review the prospectuses for the Portfolios before making an investment decision.
For additional information about the risks associated with Investment Options, see “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT,” “THE PORTFOLIOS” and “WHERE TO FIND MORE INFORMATION ABOUT THE PORTFOLIOS” in the Prospectus.
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Insurance Company Risks
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An investment in the Contract is subject to the risks related to Empower, including that any obligations, guarantees, and benefits of the Contract are subject to the claims-paying ability of Empower. More information about Empower, including its financial strength ratings, is available upon request from Empower by contacting the Retirement Resource Operations Center at (800) 838-0650.
For additional information about Company risks, see “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT” and “EMPOWER LIFE & ANNUITY INSURANCE COMPANY OF NEW YORK” in the Prospectus.
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RESTRICTIONS
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Investments
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Currently, there is no charge when you transfer Annuity Account Value among the Sub-Accounts. However, we reserve the right to charge $25 for each transfer in the future.
If you transfer any amount from a Covered Fund to an investment option that is not a Covered Fund, you will be unable to make any transfers into a Covered Fund for at least 90 calendar days.
In addition, we reserve the right to reject or restrict transfers if we determine that the transfers reflect excessive frequent trading or a market timing strategy, or we are required to reject or restrict a transfer by the applicable Portfolio.
Empower also reserves the right to discontinue or substitute any Portfolio as an investment option that is available under the Contract.
For additional information about Investments, see “GUARANTEED LIFETIME WITHDRAWAL BENEFIT - TYPES OF EXCESS WITHDRAWALS,” “ADDITION, DELETION OR SUBSTITUTION OF SUB-ACCOUNTS” and “MARKET TIMING AND EXCESSIVE TRADING” in the Prospectus.
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RESTRICTIONS
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Optional Benefits
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Excess Withdrawals will reduce your Covered Fund Value and may reduce the value of your Benefit Base by an amount greater than the value withdrawn or result in termination of the Guaranteed Lifetime Withdrawal Benefit (“GLWB”).
The GLWB Rider requires you to allocate Annuity Account Value to the Covered Funds available under the Income Segment. The number and type of Covered Funds are limited. If you fail to satisfy these investment requirements, we may terminate the benefit. In addition, if you transfer any amount from a Covered Fund to an investment option that is not a Covered Fund, you will be unable to make any transfers into a Covered Fund for at least 90 calendar days.
If you annuitize your Contract before Installments under the GLWB Rider have begun, the entire Annuity Account Value will be annuitized and any benefit under the Rider will terminate.
Empower reserves the right to refuse to accept additional GLWB Rider Contributions to the Covered Fund(s).
The Benefit Base may not exceed $5 million.
For additional information about the optional benefits, see “GUARANTEED LIFETIME WITHDRAWAL BENEFIT” in the Prospectus.
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TAXES
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Tax Implications
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You should consult with a tax professional to determine the tax implications of an investment in, payments received under, and other transactions in connection with the Contract.
If you purchase the Contract through a tax-qualified plan or individual retirement arrangement (IRA), you do not get any additional tax deferral. Generally, all earnings on the investments underlying the Contract are tax-deferred until distributed or deemed distributed. A distribution from a non-Qualified Contract, which includes a surrender, withdrawal, payment of a death benefit, or annuity income payments, will generally result in taxable income if there has been an increase in the Contract Value. In the case of a Qualified Contract, a distribution generally will result in taxable income even if there has not been an increase in the Contract Value. In certain circumstances, a 10% additional tax may also apply if the Owner takes a withdrawal before age 59½. All amounts includable in income with respect to the Contract are taxed as ordinary income; no amounts are taxed at the special lower rates applicable to long term capital gains and corporate dividends.
For additional information about tax implications, see “TAX CONSEQUENCES OF WITHDRAWALS,” and “TAXATION OF ANNUITIES IN GENERAL” in the Prospectus.
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CONFLICTS OF INTEREST
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Investment Professional Compensation
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We pay compensation, in the form of commissions, non-cash compensation, and asset-based compensation, to broker-dealers in connection with the promotion and sale of the Contracts. A portion of any payments made to the broker-dealers may be passed on to their registered representatives in accordance with their internal compensation programs. The prospect of receiving, or the receipt of, asset-based compensation may provide broker-dealers and/or their registered representatives with an incentive to favor sales of the Contracts over other variable insurance products (or other investments). You may wish to take such compensation arrangements into account when considering and evaluating any recommendation relating to the Contracts.
For additional information about compensation, see “DISTRIBUTION OF THE CONTRACTS” in the Prospectus.
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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 own. You should only exchange your current Contract 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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Maximum Transfer Charge
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$25*
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Maximum
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Current
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Base Contract Expenses (as a percentage of average Annuity Account Value)(1)
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| | | | 0.65% | | | | | | 0.65% | | |
Optional GLWB Rider Fees(2)
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Maximum
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Current
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Optional Guaranteed Lifetime Withdrawal Benefit Riders (with charges assessed quarterly)
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Guarantee Benefit Fee as a percentage of the current Covered Fund Value (for Contract applications signed before May 1, 2017)
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| | | | 1.50% | | | | | | 1.00% | | |
Guarantee Benefit Fee as a percentage of the current Benefit Base (for Contract applications signed on or after May 1, 2017)
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| | | | 1.50% | | | | | | 0.90% | | |
Total Annual Portfolio Operating Expenses
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Minimum
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Maximum
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(Expenses that are deducted from Portfolio assets, including management fees, distribution and/or service (12b-1) fees, and other expenses)(1)
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| | | | 0.03% | | | | | | 2.30% | | |
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1 year
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3 years
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5 years
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10 years
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| | $ | 3,330 | | | | | $ | 10,668 | | | | | $ | 18,995 | | | | | $ | 44,877 | | |
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1 year
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3 years
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5 years
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10 years
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| | $ | 3,150 | | | | | $ | 10,109 | | | | | $ | 18,030 | | | | | $ | 42,771 | | |
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1 year
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3 years
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5 years
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10 years
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| | $ | 2,830 | | | | | $ | 9,110 | | | | | $ | 16,297 | | | | | $ | 38,943 | | |
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1 year
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3 years
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5 years
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10 years
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| | $ | 2,730 | | | | | $ | 8,797 | | | | | $ | 15,751 | | | | | $ | 37,725 | | |
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Name of Benefit
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Purpose
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Is Benefit
Standard or Optional? |
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Maximum Fee
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Brief Description of
Restrictions/Limitations |
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Rebalancer
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| | Allows you to automatically reallocate your Investment Segment Account Value to maintain your desired Sub-Account allocation. | | | Optional | | | N/A | | |
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Income Segment Account Value is not eligible for this program.
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Not available once annuity payouts have begun.
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May not be used with dollar cost averaging.
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We reserve the right to modify or terminate this program at any time.
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Name of Benefit
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Purpose
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Is Benefit
Standard or Optional? |
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Maximum Fee
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Brief Description of
Restrictions/Limitations |
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Dollar Cost
Averaging |
| | Arranges for systematic transfers from any Investment Segment Sub-Account to any other open Sub-Account in either the Investment Segment or the Income Segment. | | | Optional | | | N/A | | |
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Minimum amount that can be transferred is $100.
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During the GAW Phase, dollar cost averaging transfers may not be made into the Income Segment.
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Not available once annuity payments have begun.
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May not be used with Rebalancer.
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We reserve the right to modify or terminate this program at any time.
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Periodic
Withdrawals |
| | Allows periodic withdrawals from the Investment Segment. | | | Optional | | | N/A | | |
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Only applies to Investment Segment Account Value.
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Minimum withdrawal amount is $100.
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No additional Contributions may be made.
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Periodic Withdrawal will cease if you purchase an annuity payout option.
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We may limit the number of times you may restart a periodic withdrawal program.
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Withdrawals may be subject to federal and state tax consequences.
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Certain events will cause Periodic Withdrawals to end.
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Month
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Contribution
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Units Purchased
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Price per Unit
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Jan.
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| | | | $ | 250 | | | | | | | 10 | | | | | | $ | 25.00 | | | |
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Feb.
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| | | | | 250 | | | | | | | 12 | | | | | | | 20.83 | | | |
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Mar.
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| | | | | 250 | | | | | | | 20 | | | | | | | 12.50 | | | |
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Apr.
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| | | | | 250 | | | | | | | 20 | | | | | | | 12.50 | | | |
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May
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| | | | | 250 | | | | | | | 15 | | | | | | | 16.67 | | | |
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June
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| | | | | 250 | | | | | | | 12 | | | | | | | 20.83 | | | |
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Name of Benefit
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Purpose
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Maximum
Fee |
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Brief Description of
Restrictions/Limitations |
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| Death Benefit Option 1: Return of Account Value Death Benefit | | | Provides a Death Benefit equal to your Annuity Account Value if you die before the Annuity Commencement Date. | | | 0.65% (as a percentage of Annuity Account Value, included in the Base Contract Expenses) |
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Restricted Beneficiary Payout Options, if elected, will limit the form of Death Benefit payout a Beneficiary or Contingent Beneficiary may receive.
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| Death Benefit Option 2: Guaranteed Minimum Death Benefit | | | Provides a Death Benefit equal to the greater of (a) your Annuity Account Value or (b) the sum of Contributions applied to the Contract adjusted for any withdrawals; if you die before the Annuity Commencement Date. | | | 0.85% (as a percentage of Annuity Account Value, included in the Base Contract Expenses) |
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Withdrawals will reduce the Death Benefit on a pro-rata basis.
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Restricted Beneficiary Payout Options, if elected, will limit the form of Death Benefit payout a Beneficiary or Contingent Beneficiary may receive.
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Name of Benefit
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Purpose
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Maximum Fee
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Brief Description of
Restrictions/Limitations |
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GLWB Rider
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| | Provides an annual withdrawal amount guaranteed for the life of the Covered Person(s) according to a fixed schedule that varies the GAW% with the age of the Covered Person(s), and increases the Benefit Base annually. | | |
1.50% (as a percentage of the current Benefit Base, for Contract applications signed on or after May 1, 2017)
1.50% (as a percentage of the current Covered Fund Value, for Contract applications signed before May 1, 2017)
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Covered Person(s) must be younger than age 86 on the Election Date.
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Only applies to assets in the Covered Funds.
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Excess Withdrawals may significantly reduce or terminate the benefit.
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Total Contributions to the Covered Funds may not exceed $1,000,000.
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Minimum subsequent Contribution is $500 ($100 via Automatic Bank Draft Plan).
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The Benefit Base may not exceed $5 million.
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Covered Fund Value over $5 million is not used to calculate GAWs.
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If a transfer is made from the Income Segment to the Investment Segment, no transfers may be made into a Covered Fund for at least 90 days.
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Covered Person(s) must attain age 59½ to begin the GAW Phase.
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Any election made by the Beneficiary after the Owner’s death is irrevocable.
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Installments cannot be changed during the GLWB Settlement Phase.
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Distributions and transfers are not permitted during the GLWB Settlement Phase.
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Certain events will cause the Rider to terminate.
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If you annuitize your Contract before Installments under the GLWB Rider have begun, the entire Annuity Account Value will be annuitized and any benefit under the Rider will terminate.
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If you were born…
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Your “applicable age” is…
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Before July 1, 1949
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| | | | 70½ | | |
After June 30, 1949 and before 1951
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| | | | 72 | | |
After 1950 and before 1960*
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| | | | 73* | | |
After 1958*
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| | | | 75* | | |
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Asset
Allocation Type |
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Portfolio Company - Investment Adviser;
Sub-Adviser(s), as applicable |
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Current
Expenses |
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Average Annual Total Returns
(as of 12/31/2023) |
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1 Year
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5 Year
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10 Year
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Investment Segment Portfolios
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U.S. Equity
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AB Variable Products Series Fund, Inc. - Discovery Value Portfolio - Class A
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0.81%
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17.18%
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10.78%
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7.55%
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U.S. Equity
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AB Variable Products Series Fund, Inc. - Large Cap Growth Portfolio - Class A(1)
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0.66%
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35.13%
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17.86%
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14.89%
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U.S. Equity
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AB Variable Products Series Fund, Inc. - Relative Value Portfolio - Class A(1)
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0.61%
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12.03%
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11.85%
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9.32%
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U.S. Equity
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| | | Alger Capital Appreciation Portfolio - Class I-2 | | | |
0.95%
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43.13%
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15.43%
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12.54%
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U.S. Equity
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| | | Alger Large Cap Growth Portfolio - Class I-2(1) | | | |
0.84%
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32.67%
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14.14%
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11.03%
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U.S. Equity
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| | | Alger Mid Cap Growth Portfolio - Class I-2(1) | | | |
0.96%
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23.17%
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11.96%
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8.54%
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U.S. Equity
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Allspring VT Discovery All Cap Growth Fund ‑
Class II(1) |
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1.00%
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33.17%
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13.54%
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10.42%
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U.S. Equity
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Allspring VT Discovery SMID Cap Growth Fund - Class 2(1)
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1.15%
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20.14%
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9.90%
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7.43%
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U.S. Equity
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| | | Allspring VT Opportunity Fund - Class 2(1) | | | |
1.00%
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26.50%
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14.74%
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10.32%
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International
Equity |
| | | ALPS/Global Opportunity Portfolio - Class I(1) | | | |
2.06%
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29.22%
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12.02%
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8.85%
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Taxable Bond
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American Funds Insurance Series® Capital World Bond Fund® - Class 2
|
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0.73%
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6.14%
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-0.33%
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0.36%
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International
Equity |
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American Funds Insurance Series® Global Small Capitalization Fund - Class 2(1)
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0.91%
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| | |
16.17%
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8.31%
|
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5.78%
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U.S. Equity
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American Funds Insurance Series® Growth-Income Fund - Class 4
|
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0.78%
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25.82%
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| | |
13.08%
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| | |
10.63%
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International
Equity |
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American Funds Insurance Series® New World
Fund® ‑ Class 2(1) |
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0.82%
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15.99%
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8.64%
|
| | |
4.69%
|
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Taxable Bond
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American Funds Insurance Series® The Bond Fund of America® - Class 2(1)
|
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0.48%
|
| | |
5.02%
|
| | |
1.89%
|
| | |
2.08%
|
| |
| |
Allocation
|
| | |
BlackRock 60/40 Target Allocation ETF V.I. Fund - Class III(1)
|
| | |
0.56%
|
| | |
15.32%
|
| | |
8.69%
|
| | |
—
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Allocation
|
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BlackRock Global Allocation V.I. Fund - Class I - BlackRock (Singapore) Limited; BlackRock International Limited(1)
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0.76%
|
| | |
12.83%
|
| | |
7.65%
|
| | |
4.88%
|
| |
| |
U.S. Equity
|
| | |
BNY Mellon Investment Portfolios: MidCap Stock Portfolio - Initial Shares - Newton Investment Management North America, LLC(1)(2)
|
| | |
0.80%
|
| | |
18.31%
|
| | |
10.70%
|
| | |
7.44%
|
| |
| |
U.S. Equity
|
| | |
BNY Mellon Variable Investment Fund: Appreciation Portfolio - Initial Shares - Fayez Sarofim & Company
|
| | |
0.85%
|
| | |
20.97%
|
| | |
16.23%
|
| | |
11.09%
|
| |
| |
U.S. Equity
|
| | |
BNY Mellon Variable Investment Fund: Growth and Income Portfolio - Initial Shares - Newton Investment Management North America, LLC (1)(2)
|
| | |
0.70%
|
| | |
26.69%
|
| | |
16.89%
|
| | |
11.84%
|
| |
| |
U.S. Equity
|
| | |
ClearBridge Variable Large Cap Growth Portfolio - Class I - ClearBridge Investments, LLC
|
| | |
0.76%
|
| | |
44.02%
|
| | |
15.51%
|
| | |
13.27%
|
| |
| |
U.S. Equity
|
| | |
ClearBridge Variable Mid Cap Portfolio - Class I - ClearBridge Investments, LLC
|
| | |
0.83%
|
| | |
12.92%
|
| | |
10.73%
|
| | |
7.10%
|
| |
| |
Asset
Allocation Type |
| | |
Portfolio Company - Investment Adviser;
Sub-Adviser(s), as applicable |
| | |
Current
Expenses |
| | |
Average Annual Total Returns
(as of 12/31/2023) |
| | ||||||||
|
1 Year
|
| | |
5 Year
|
| | |
10 Year
|
| | |||||||||||||
| |
U.S. Equity
|
| | |
ClearBridge Variable Small Cap Growth Portfolio - Class I - ClearBridge Investments, LLC
|
| | |
0.80%
|
| | |
8.40%
|
| | |
9.56%
|
| | |
7.89%
|
| |
| |
International
Equity |
| | |
Columbia Variable Portfolio ‑ Emerging Markets
Fund ‑ Class 2(1) |
| | |
1.34%
|
| | |
9.19%
|
| | |
3.40%
|
| | |
2.38%
|
| |
| |
U.S. Equity
|
| | |
Columbia Variable Portfolio ‑ Large Cap Growth
Fund ‑ Class 2 |
| | |
0.97%
|
| | |
42.77%
|
| | |
17.98%
|
| | |
13.37%
|
| |
| |
Sector Equity
|
| | |
Columbia Variable Portfolio - Seligman Global Technology Fund - Class 2(1)
|
| | |
1.20%
|
| | |
44.87%
|
| | |
25.34%
|
| | |
20.11%
|
| |
| |
U.S. Equity
|
| | |
Columbia Variable Portfolio - Small Cap Value Fund - Class 2(1)
|
| | |
1.11%
|
| | |
21.67%
|
| | |
13.39%
|
| | |
8.40%
|
| |
| |
U.S. Equity
|
| | | DWS Capital Growth VIP - Class A | | | |
0.49%
|
| | |
38.57%
|
| | |
17.58%
|
| | |
13.58%
|
| |
| |
U.S. Equity
|
| | | DWS Core Equity VIP - Class A | | | |
0.61%
|
| | |
25.57%
|
| | |
15.00%
|
| | |
11.56%
|
| |
| |
U.S. Equity
|
| | | DWS CROCI® U.S. VIP - Class A(1) | | | |
0.68%
|
| | |
20.76%
|
| | |
8.61%
|
| | |
5.06%
|
| |
| |
International
Equity |
| | |
DWS Global Small Cap VIP - Class A(1)(2)
|
| | |
0.87%
|
| | |
24.56%
|
| | |
9.13%
|
| | |
3.82%
|
| |
| |
U.S. Equity
|
| | |
DWS Small Cap Index VIP - Class A - Northern Trust Investments, Inc. (1)
|
| | |
0.38%
|
| | |
16.76%
|
| | |
9.67%
|
| | |
6.89%
|
| |
| |
U.S. Equity
|
| | | DWS Small Mid Cap Growth VIP - Class A(2) | | | |
0.85%
|
| | |
18.83%
|
| | |
9.18%
|
| | |
6.46%
|
| |
| |
U.S. Equity
|
| | | DWS Small Mid Cap Value VIP - Class A(1) | | | |
0.81%
|
| | |
14.95%
|
| | |
8.77%
|
| | |
5.51%
|
| |
| |
Allocation
|
| | | Empower Aggressive Profile Fund - Investor Class | | | |
1.16%
|
| | |
16.94%
|
| | |
10.86%
|
| | |
8.02%
|
| |
| |
Taxable Bond
|
| | | Empower Bond Index Fund - Investor Class | | | |
0.50%
|
| | |
5.02%
|
| | |
0.50%
|
| | |
1.29%
|
| |
| |
International
Equity |
| | |
Empower International Index Fund - Investor Class - Irish Life Inv Managers Ltd
|
| | |
0.62%
|
| | |
17.52%
|
| | |
7.66%
|
| | |
3.79%
|
| |
| |
International
Equity |
| | |
Empower International Value Fund - Investor Class - LSV Asset Management; Massachusetts Financial Services Company
|
| | |
1.07%
|
| | |
18.03%
|
| | |
8.25%
|
| | |
5.89%
|
| |
| |
Allocation
|
| | | Empower Lifetime 2015 Fund - Investor Class(1) | | | |
0.77%
|
| | |
10.33%
|
| | |
6.07%
|
| | |
4.87%
|
| |
| |
Allocation
|
| | | Empower Lifetime 2020 Fund - Investor Class(1) | | | |
0.80%
|
| | |
10.97%
|
| | |
6.45%
|
| | |
—
|
| |
| |
Allocation
|
| | | Empower Lifetime 2025 Fund - Investor Class(1) | | | |
0.82%
|
| | |
11.91%
|
| | |
7.07%
|
| | |
5.60%
|
| |
| |
Allocation
|
| | | Empower Lifetime 2030 Fund - Investor Class(1) | | | |
0.85%
|
| | |
13.07%
|
| | |
7.80%
|
| | |
—
|
| |
| |
Allocation
|
| | | Empower Lifetime 2035 Fund - Investor Class(1) | | | |
0.88%
|
| | |
14.40%
|
| | |
8.68%
|
| | |
6.58%
|
| |
| |
Allocation
|
| | | Empower Lifetime 2040 Fund - Investor Class(1) | | | |
0.90%
|
| | |
15.73%
|
| | |
9.42%
|
| | |
—
|
| |
| |
Allocation
|
| | | Empower Lifetime 2045 Fund - Investor Class | | | |
0.92%
|
| | |
16.73%
|
| | |
9.83%
|
| | |
7.07%
|
| |
| |
Allocation
|
| | | Empower Lifetime 2050 Fund - Investor Class | | | |
0.92%
|
| | |
17.05%
|
| | |
9.94%
|
| | |
—
|
| |
| |
Allocation
|
| | | Empower Lifetime 2055 Fund - Investor Class | | | |
0.93%
|
| | |
17.06%
|
| | |
9.86%
|
| | |
7.00%
|
| |
| |
Allocation
|
| | | Empower Lifetime 2060 Fund - Investor Class | | | |
0.93%
|
| | |
16.97%
|
| | |
—
|
| | |
—
|
| |
| |
U.S. Equity
|
| | |
Empower Mid Cap Value Fund - Investor Class - Goldman Sachs Asset Management, L.P. (1)
|
| | |
1.15%
|
| | |
15.15%
|
| | |
9.70%
|
| | |
8.12%
|
| |
| |
Allocation
|
| | |
Empower Moderately Aggressive Profile Fund - Investor Class(1)
|
| | |
1.01%
|
| | |
13.60%
|
| | |
8.69%
|
| | |
6.51%
|
| |
| |
Taxable Bond
|
| | | Empower Multi-Sector Bond Fund - Investor Class(1) | | | |
0.90%
|
| | |
7.88%
|
| | |
3.28%
|
| | |
2.68%
|
| |
| |
Sector Equity
|
| | |
Empower Real Estate Index Fund - Investor Class - Irish Life Inv Managers Ltd (1)
|
| | |
0.65%
|
| | |
13.31%
|
| | |
5.42%
|
| | |
6.25%
|
| |
| |
U.S. Equity
|
| | | Empower Small Cap Value Fund - Investor Class(1) | | | |
1.09%
|
| | |
17.81%
|
| | |
12.25%
|
| | |
7.64%
|
| |
| |
U.S. Equity
|
| | |
Empower T. Rowe Price Mid Cap Growth Fund - Investor Class - T. Rowe Price Associates, Inc.
|
| | |
1.02%
|
| | |
19.92%
|
| | |
11.61%
|
| | |
10.38%
|
| |
| |
Taxable Bond
|
| | |
Federated Hermes Fund for US Government Securities II - Primary Class(1)
|
| | |
0.78%
|
| | |
4.19%
|
| | |
-0.11%
|
| | |
0.85%
|
| |
| |
U.S. Equity
|
| | |
Franklin Small Cap Value VIP Fund - Class 2 - Franklin Mutual Advisers, LLC (1)
|
| | |
0.91%
|
| | |
12.75%
|
| | |
11.06%
|
| | |
7.04%
|
| |
| |
Alternative
|
| | |
Goldman Sachs VIT Multi-Strategy Alternatives Portfolio - Service Class(1)
|
| | |
1.21%
|
| | |
7.77%
|
| | |
4.16%
|
| | |
—
|
| |
| |
International
Equity |
| | |
Invesco® Oppenheimer V.I. International Growth
Fund ‑ Series I(1)(2) |
| | |
1.00%
|
| | |
21.06%
|
| | |
8.72%
|
| | |
3.80%
|
| |
| |
U.S. Equity
|
| | | Invesco® V.I. Comstock Fund - Series I | | | |
0.75%
|
| | |
12.36%
|
| | |
13.49%
|
| | |
8.92%
|
| |
| |
Asset
Allocation Type |
| | |
Portfolio Company - Investment Adviser;
Sub-Adviser(s), as applicable |
| | |
Current
Expenses |
| | |
Average Annual Total Returns
(as of 12/31/2023) |
| | ||||||||
|
1 Year
|
| | |
5 Year
|
| | |
10 Year
|
| | |||||||||||||
| |
International
Equity |
| | |
Invesco® V.I. EQV International Equity Fund ‑
Series I(2) |
| | |
0.90%
|
| | |
18.15%
|
| | |
8.42%
|
| | |
4.33%
|
| |
| |
International
Equity |
| | | Invesco® V.I. Global Fund - Series I | | | |
0.82%
|
| | |
34.73%
|
| | |
12.30%
|
| | |
8.47%
|
| |
| |
U.S. Equity
|
| | | Invesco® V.I. Growth and Income Fund - Series I(2) | | | |
0.75%
|
| | |
12.66%
|
| | |
11.77%
|
| | |
8.25%
|
| |
| |
Taxable Bond
|
| | | Invesco® V.I. High Yield Fund - Series I | | | |
0.90%
|
| | |
10.18%
|
| | |
4.05%
|
| | |
3.22%
|
| |
| |
U.S. Equity
|
| | | Invesco® V.I. Main Street Mid Cap Fund® - Series I | | | |
0.94%
|
| | |
14.47%
|
| | |
10.61%
|
| | |
6.73%
|
| |
| |
U.S. Equity
|
| | | Invesco® V.I. Main Street Small Cap Fund® - Series I | | | |
0.88%
|
| | |
18.13%
|
| | |
13.07%
|
| | |
8.93%
|
| |
| |
U.S. Equity
|
| | | Invesco® V.I. Small Cap Equity Fund - Series I(2) | | | |
0.95%
|
| | |
16.57%
|
| | |
12.44%
|
| | |
6.55%
|
| |
| |
Sector Equity
|
| | | Invesco® V.I. Technology Fund - Series I | | | |
0.98%
|
| | |
46.94%
|
| | |
14.92%
|
| | |
12.24%
|
| |
| |
Allocation
|
| | |
Janus Henderson Balanced Portfolio - Service Shares
|
| | |
0.87%
|
| | |
15.13%
|
| | |
9.37%
|
| | |
7.73%
|
| |
| |
Taxable Bond
|
| | |
Janus Henderson Flexible Bond Portfolio - Service Shares(1)
|
| | |
0.82%
|
| | |
5.29%
|
| | |
1.55%
|
| | |
1.66%
|
| |
| |
International
Equity |
| | |
Janus Henderson Global Research Portfolio - Institutional Shares
|
| | |
0.61%
|
| | |
26.78%
|
| | |
13.33%
|
| | |
9.01%
|
| |
| |
Sector Equity
|
| | |
Janus Henderson Global Technology and Innovation Portfolio - Service Shares
|
| | |
0.97%
|
| | |
54.27%
|
| | |
20.05%
|
| | |
16.86%
|
| |
| |
International
Equity |
| | |
Lazard Retirement Emerging Markets Equity
Portfolio ‑ Service Shares |
| | |
1.42%
|
| | |
22.27%
|
| | |
5.01%
|
| | |
2.04%
|
| |
| |
Taxable Bond
|
| | |
Lord Abbett Series Fund - Short Duration Income Portfolio - Class VC
|
| | |
0.85%
|
| | |
4.97%
|
| | |
1.70%
|
| | |
—
|
| |
| |
Allocation
|
| | |
LVIP American Century Balanced Fund - Standard Class II(1) (formerly, American Century Investments® VP Balanced Fund - Class I)
|
| | |
0.77%
|
| | |
16.41%
|
| | |
8.50%
|
| | |
6.55%
|
| |
| |
U.S. Equity
|
| | |
LVIP American Century Disciplined Core Value Fund - Standard Class II(1) (formerly, American Century Investments® VP Disciplined Core Value Fund - Class I)
|
| | |
0.71%
|
| | |
8.65%
|
| | |
10.19%
|
| | |
8.19%
|
| |
| |
International
Equity |
| | |
LVIP American Century International Fund - Standard Class II(1) (formerly, American Century Investments® VP International Fund - Class I)
|
| | |
0.95%
|
| | |
12.57%
|
| | |
8.29%
|
| | |
4.07%
|
| |
| |
U.S. Equity
|
| | |
LVIP American Century Mid Cap Value Fund - Service Class(1) (formerly, American Century Investments® VP Mid Cap Value Fund - Class II)
|
| | |
1.01%
|
| | |
6.03%
|
| | |
10.90%
|
| | |
8.61%
|
| |
| |
U.S. Equity
|
| | |
LVIP American Century Value Fund ‑ Standard
Class II(1) (formerly, American Century Investments® VP Value Fund ‑ Class I) |
| | |
0.71%
|
| | |
9.10%
|
| | |
11.87%
|
| | |
8.53%
|
| |
| |
U.S. Equity
|
| | |
LVIP Baron Growth Opportunities Fund - Service Class - BAMCO Inc. (1)
|
| | |
1.15%
|
| | |
17.81%
|
| | |
13.66%
|
| | |
9.35%
|
| |
| |
Taxable Bond
|
| | | LVIP JPMorgan Core Bond Fund - Standard Class | | | |
0.49%
|
| | |
5.91%
|
| | |
1.28%
|
| | |
1.81%
|
| |
| |
U.S. Equity
|
| | |
LVIP JPMorgan Small Cap Core Fund - Standard Class
|
| | |
0.78%
|
| | |
13.10%
|
| | |
9.41%
|
| | |
7.10%
|
| |
| |
U.S. Equity
|
| | |
LVIP Macquarie SMID Cap Core Fund -Standard Class - Delaware Investments Fund Advisers (1) (formerly, LVIP Delaware SMID Cap Core Fund - Standard Class)
|
| | |
0.80%
|
| | |
16.45%
|
| | |
12.25%
|
| | |
8.36%
|
| |
| |
U.S. Equity
|
| | |
LVIP Macquarie Value Fund - Standard Class - Delaware Investments Fund Advisers (formerly, LVIP Delaware Value Fund - Standard Class)
|
| | |
0.68%
|
| | |
3.49%
|
| | |
8.10%
|
| | |
7.84%
|
| |
| |
International
Equity |
| | |
Macquarie VIP Emerging Markets Series - Standard Class - Macquarie Funds Management HK Ltd.; Macquarie Investment Management Global Limited(1) (formerly, Delaware VIP® Emerging Markets Series - Standard Class)
|
| | |
1.18%
|
| | |
13.79%
|
| | |
4.20%
|
| | |
2.67%
|
| |
| |
International
Equity |
| | |
Macquarie VIP International Core Equity Series - Service Class(1)(2) (formerly, Delaware Ivy VIP International Core Equity Portfolio - Class II)
|
| | |
1.11%
|
| | |
15.65%
|
| | |
7.56%
|
| | |
4.00%
|
| |
| |
Asset
Allocation Type |
| | |
Portfolio Company - Investment Adviser;
Sub-Adviser(s), as applicable |
| | |
Current
Expenses |
| | |
Average Annual Total Returns
(as of 12/31/2023) |
| | ||||||||
|
1 Year
|
| | |
5 Year
|
| | |
10 Year
|
| | |||||||||||||
| |
U.S. Equity
|
| | |
Macquarie VIP Small Cap Value Series - Standard Class - Macquarie Funds Management HK Ltd.; Macquarie Investment Management Global Limited (formerly, Delaware VIP® Small Cap Value Series - Standard Class)
|
| | |
0.78%
|
| | |
9.45%
|
| | |
10.21%
|
| | |
7.06%
|
| |
| |
U.S. Equity
|
| | | MFS® VIT II Core Equity Portfolio - Service Class(1) | | | |
1.06%
|
| | |
22.79%
|
| | |
14.79%
|
| | |
11.33%
|
| |
| |
International
Equity |
| | |
MFS® VIT II International Growth Portfolio - Initial Class(1)
|
| | |
0.88%
|
| | |
14.72%
|
| | |
9.47%
|
| | |
6.36%
|
| |
| |
International
Equity |
| | |
MFS® VIT II International Intrinsic Value Portfolio - Service Class(1)
|
| | |
1.14%
|
| | |
17.37%
|
| | |
8.31%
|
| | |
6.66%
|
| |
| |
U.S. Equity
|
| | |
MFS® VIT III Blended Research® Small Cap Equity Portfolio - Initial Class(1)
|
| | |
0.51%
|
| | |
18.96%
|
| | |
10.28%
|
| | |
8.27%
|
| |
| |
U.S. Equity
|
| | | MFS® VIT III Mid Cap Value Portfolio - Initial Class(1) | | | |
0.79%
|
| | |
12.73%
|
| | |
12.90%
|
| | |
8.73%
|
| |
| |
Sector Equity
|
| | |
MFS® VIT Utilities Series - Service Class(1)(2)
|
| | |
1.04%
|
| | |
-2.33%
|
| | |
8.05%
|
| | |
6.13%
|
| |
| |
U.S. Equity
|
| | |
Neuberger Berman AMT Mid Cap Intrinsic Value Portfolio - Class S(1)(2)
|
| | |
1.26%
|
| | |
10.69%
|
| | |
8.36%
|
| | |
5.88%
|
| |
| |
U.S. Equity
|
| | |
NVIT Mid Cap Index Fund - Class II - BlackRock Investment Management, LLC
|
| | |
0.61%
|
| | |
15.82%
|
| | |
11.93%
|
| | |
8.63%
|
| |
| |
Commodities
|
| | |
PIMCO VIT CommodityRealReturn® Strategy Portfolio - Administrative Class(1)
|
| | |
1.48%
|
| | |
-7.85%
|
| | |
8.55%
|
| | |
-0.80%
|
| |
| |
Taxable Bond
|
| | |
PIMCO VIT Emerging Markets Bond Portfolio - Administrative Class
|
| | |
1.27%
|
| | |
11.11%
|
| | |
2.25%
|
| | |
2.78%
|
| |
| |
Taxable Bond
|
| | |
PIMCO VIT High Yield Portfolio - Administrative Class
|
| | |
0.77%
|
| | |
12.22%
|
| | |
4.83%
|
| | |
4.15%
|
| |
| |
Taxable Bond
|
| | |
PIMCO VIT Low Duration Portfolio - Administrative Class
|
| | |
0.69%
|
| | |
4.97%
|
| | |
0.99%
|
| | |
0.92%
|
| |
| |
Taxable Bond
|
| | |
PIMCO VIT Real Return Portfolio - Administrative Class
|
| | |
0.84%
|
| | |
3.67%
|
| | |
3.16%
|
| | |
2.25%
|
| |
| |
Taxable Bond
|
| | |
PIMCO VIT Total Return Portfolio - Administrative Class
|
| | |
0.75%
|
| | |
5.93%
|
| | |
1.08%
|
| | |
1.71%
|
| |
| |
Taxable Bond
|
| | | Pioneer Bond VCT Portfolio - Class I | | | |
0.64%
|
| | |
6.51%
|
| | |
1.84%
|
| | |
2.26%
|
| |
| |
U.S. Equity
|
| | | Pioneer Fund VCT Portfolio - Class I | | | |
0.80%
|
| | |
28.54%
|
| | |
16.93%
|
| | |
12.26%
|
| |
| |
U.S. Equity
|
| | | Pioneer Mid Cap Value VCT Portfolio - Class II | | | |
1.05%
|
| | |
11.91%
|
| | |
12.46%
|
| | |
7.38%
|
| |
| |
U.S. Equity
|
| | |
Pioneer Select Mid Cap Growth VCT Portfolio ‑
Class I |
| | |
0.92%
|
| | |
18.13%
|
| | |
10.66%
|
| | |
8.77%
|
| |
| |
U.S. Equity
|
| | |
Putnam VT Core Equity Fund - Class IA - Putnam Investments Limited
|
| | |
0.70%
|
| | |
28.36%
|
| | |
17.19%
|
| | |
12.23%
|
| |
| |
Allocation
|
| | |
Putnam VT Global Asset Allocation Fund - Class IA - The Putnam Advisory Company, LLC; Putnam Investments Limited(1)
|
| | |
0.86%
|
| | |
17.78%
|
| | |
8.41%
|
| | |
6.61%
|
| |
| |
Sector Equity
|
| | |
Putnam VT Global Health Care Fund - Class IB - The Putnam Advisory Company, LLC; Putnam Investments Limited
|
| | |
1.01%
|
| | |
9.13%
|
| | |
13.48%
|
| | |
10.16%
|
| |
| |
Taxable Bond
|
| | |
Putnam VT Income Fund - Class IA - Putnam Investments Limited
|
| | |
0.64%
|
| | |
4.96%
|
| | |
0.64%
|
| | |
1.70%
|
| |
| |
International
Equity |
| | |
Putnam VT International Equity Fund - Class IA - The Putnam Advisory Company, LLC; Putnam Investments Limited
|
| | |
0.85%
|
| | |
18.86%
|
| | |
9.33%
|
| | |
3.96%
|
| |
| |
International
Equity |
| | |
Putnam VT International Value Fund - Class IA - The Putnam Advisory Company, LLC; Putnam Investments Limited
|
| | |
0.88%
|
| | |
19.08%
|
| | |
9.96%
|
| | |
4.14%
|
| |
| |
U.S. Equity
|
| | |
Putnam VT Large Cap Value Fund - Class IB - Putnam Investments Limited
|
| | |
0.82%
|
| | |
15.67%
|
| | |
14.50%
|
| | |
10.26%
|
| |
| |
Taxable Bond
|
| | |
Putnam VT Mortgage Securities Fund - Class IB - Putnam Investments Limited (1)
|
| | |
0.75%
|
| | |
5.27%
|
| | |
0.30%
|
| | |
0.63%
|
| |
| |
U.S. Equity
|
| | |
Putnam VT Small Cap Value Fund - Class IA - Putnam Investments Limited
|
| | |
0.78%
|
| | |
24.13%
|
| | |
14.45%
|
| | |
8.09%
|
| |
| |
Money Market
|
| | | Schwab® Government Money Market Portfolio™ | | | |
0.26%
|
| | |
4.89%
|
| | |
1.70%
|
| | |
1.05%
|
| |
| |
Asset
Allocation Type |
| | |
Portfolio Company - Investment Adviser;
Sub-Adviser(s), as applicable |
| | |
Current
Expenses |
| | |
Average Annual Total Returns
(as of 12/31/2023) |
| | ||||||||
|
1 Year
|
| | |
5 Year
|
| | |
10 Year
|
| | |||||||||||||
| |
U.S. Equity
|
| | | Schwab® S&P 500 Index Portfolio | | | |
0.03%
|
| | |
26.22%
|
| | |
15.64%
|
| | |
11.92%
|
| |
| |
Sector Equity
|
| | | T. Rowe Price® Health Sciences Portfolio-II Class | | | |
1.11%
|
| | |
2.68%
|
| | |
10.96%
|
| | |
11.03%
|
| |
| |
International
Equity |
| | |
Templeton Foreign VIP Fund - Class 2 - Templeton Investment Counsel, LLC (1)(2)
|
| | |
1.07%
|
| | |
20.76%
|
| | |
5.27%
|
| | |
1.28%
|
| |
| |
Taxable Bond
|
| | |
Templeton Global Bond VIP Fund - Class 2 - Franklin Advisers, Inc. (1)
|
| | |
0.75%
|
| | |
2.88%
|
| | |
-2.13%
|
| | |
-0.66%
|
| |
| |
Taxable Bond
|
| | |
Touchstone VST Bond Fund - Class I - Fort Washington Investment Advisors Inc (1)
|
| | |
0.63%
|
| | |
6.07%
|
| | |
1.82%
|
| | |
1.43%
|
| |
| |
U.S. Equity
|
| | |
Touchstone VST Common Stock Fund - Class I - Fort Washington Investment Advisors Inc (1)(2)
|
| | |
0.73%
|
| | |
26.66%
|
| | |
16.22%
|
| | |
11.29%
|
| |
| |
U.S. Equity
|
| | |
Touchstone VST Common Stock Fund - Class SC - Fort Washington Investment Advisors Inc
|
| | |
0.95%
|
| | |
26.35%
|
| | |
15.98%
|
| | |
10.99%
|
| |
| |
U.S. Equity
|
| | |
Touchstone VST Small Company Fund - Class I - Fort Washington Investment Advisors Inc (1)
|
| | |
0.76%
|
| | |
16.60%
|
| | |
12.29%
|
| | |
9.49%
|
| |
| |
Taxable Bond
|
| | |
VanEck® VIP Emerging Markets Bond Fund - Initial Class(1)
|
| | |
1.10%
|
| | |
11.40%
|
| | |
4.06%
|
| | |
1.97%
|
| |
| |
Sector Equity
|
| | | VanEck® VIP Global Resources Fund - Class S | | | |
1.36%
|
| | |
-3.84%
|
| | |
10.34%
|
| | |
-1.26%
|
| |
| |
Income Segment Covered Funds
(for Contracts with the Guaranteed Lifetime Withdrawal Benefit Rider) |
| | ||||||||||||||||||||
| |
Allocation
|
| | |
Empower Conservative Profile Fund - Investor Class(1)
|
| | |
0.78%
|
| | |
8.25%
|
| | |
4.59%
|
| | |
3.71%
|
| |
| |
Allocation
|
| | | Empower Moderate Profile Fund - Investor Class(1) | | | |
0.92%
|
| | |
11.93%
|
| | |
7.59%
|
| | |
5.74%
|
| |
| |
Allocation
|
| | |
Empower Moderately Conservative Profile Fund - Investor Class(1)
|
| | |
0.83%
|
| | |
9.90%
|
| | |
6.05%
|
| | |
4.71%
|
| |
| |
Allocation
|
| | |
Empower SecureFoundation® Balanced Fund - Investor Class(1)
|
| | |
0.60%
|
| | |
13.18%
|
| | |
7.61%
|
| | |
5.87%
|
| |
| | |
Age 59½–64
|
| |
Age 65–69
|
| |
Age 70–79
|
| |
Age 80+
|
| ||||||||||||
% of Benefit Base
|
| | | | 4.00% | | | | | | 5.00% | | | | | | 6.00% | | | | | | 7.00% | | |
| | |
Age 59½–64
|
| |
Age 65–69
|
| |
Age 70–79
|
| |
Age 80+
|
| ||||||||||||
% of Benefit Base
|
| | | | 3.50% | | | | | | 4.50% | | | | | | 5.50% | | | | | | 6.50% | | |
| | |
Age 59½–64
|
| |
Age 65–69
|
| |
Age 70–79
|
| |
Age 80+
|
| ||||||||||||
% of Benefit Base
|
| | | | 4.00% | | | | | | 5.00% | | | | | | 5.50% | | | | | | 6.50% | | |
| | |
Age 59½–64
|
| |
Age 65–69
|
| |
Age 70–79
|
| |
Age 80+
|
| ||||||||||||
% of Benefit Base
|
| | | | 3.50% | | | | | | 4.50% | | | | | | 5.00% | | | | | | 6.00% | | |
| | |
Age 59½–64
|
| |
Age 65–69
|
| |
Age 70–79
|
| |
Age 80+
|
| ||||||||||||
% of Benefit Base
|
| | | | 4.00% | | | | | | 5.10% | | | | | | 5.50% | | | | | | 6.50% | | |
| | |
Age 59½–64
|
| |
Age 65–69
|
| |
Age 70–79
|
| |
Age 80+
|
| ||||||||||||
% of Benefit Base
|
| | | | 3.50% | | | | | | 4.60% | | | | | | 5.00% | | | | | | 6.00% | | |
| | |
Age 59½–64
|
| |
Age 65–69
|
| |
Age 70–74
|
| |
Age 75–79
|
| |
Age 80+
|
| |||||||||||||||
% of Benefit Base
|
| | | | 4.00% | | | | | | 5.10% | | | | | | 5.50% | | | | | | 5.50% | | | | | | 6.50% | | |
| | |
Age 59½–64
|
| |
Age 65–69
|
| |
Age 70–74
|
| |
Age 75–79
|
| |
Age 80+
|
| |||||||||||||||
% of Benefit Base
|
| | | | 3.50% | | | | | | 4.60% | | | | | | 5.00% | | | | | | 5.00% | | | | | | 6.00% | | |
GENERAL INFORMATION | 1 |
EMPOWER LIFE & ANNUITY INSURANCE COMPANY OF NEW YORK AND THE VARIABLE ANNUITY-1 SERIES ACCOUNT | 1 |
SERVICES | 2 |
EXPERTS | 2 |
INDEPENDENT AUDITOR | 2 |
FINANCIAL STATEMENTS | 3 |
Name |
Principal Business Address |
Positions and Offices with Depositor |
|||
R.J. Orr |
(3) |
Chairman of the Board and Director |
|||
M.D. Alazraki | Manatt, Phelps & Phillips, LLP
7 Times Square, 23rd Floor New York, NY 10036 |
Director | |||
A.R. Desmarais |
(3) |
Director |
|||
S.Z. Katz | Fried Frank Harris Shriver & Jacobson
400 E. 57th Street, 19-E New York, NY 10022 |
Director | |||
T. Timothy Ryan, Jr. |
JP Morgan Chase 270 Park Avenue, Floor 47 New York, NY 10017 |
Director |
|||
Jerome J. Selitto |
(1) |
Director |
|||
Brian E. Walsh |
Saguenay Capital, LLC The Centre at Purchase Two Manhattanville Road, Suite 403 Purchase, NY 10577 |
Director |
|||
Christine Moritz | (1) | President and Chief Executive Officer | |||
Richard H. Linton, Jr. | (1) | President and Chief Operating Officer | |||
Edmund F. Murphy, III | (1) | President, Empower Retirement | |||
John F. Bevacqua | (1) | Chief Risk Officer | |||
Ken I. Schindler | (2) | Chief Compliance Officer | |||
Douglas Peterson | (1) | Chief Information Security Officer | |||
Kelly Noble | (2) | General Counsel and Chief Legal Officer | |||
Carol E. Waddell | (1) | President, Empower Personal Wealth | |||
Jack E. Brown | (1) | Senior Vice President and Chief Investment Officer | |||
J.D. Kreider | (1) | Senior Vice President and Head of Empower Funds, Inc. | |||
William J. McDermott | (1) | Senior Vice President, Empower Large/Mega/Not-for-Profit | |||
Daniel A. Morrison | (1) | Senior Vice President, Government Markets | |||
Joseph M. Smolen | (1) | Senior Vice President, Core and Institutional Markets | |||
Stephanie O'Leary | (1) | Corporate Treasurer | |||
Tina Wilson | (1) | Senior Vice President and Chief Product Development Officer | |||
Jennifer Nyhouse | (1) | Vice President, Internal Audit | |||
Fred Peurye | (1) | Vice President, Taxation | |||
Kara S. Roe | (1) | Chief Financial Officer | |||
Ryan L. Logsdon | (2) | Deputy General Counsel and Corporate Secretary | |||
Brockett Hudson | (2) | Assistant Secretary | |||
David C. Larsen | (2) | Assistant Secretary | |||
Christine Dugan | (2) | Chief Actuary | |||
Jonathan Kreider | (2) | Senior Vice President and Head of Empower Investments |
(1) 8515 East Orchard Road, Greenwood Village, Colorado 80111.
(2) 8525 East Orchard Road, Greenwood Village, Colorado 80111.
(3) Power Financial Corporation, 751 Victoria Square, Montreal, Quebec, Canada H2Y 2J3.
(a) Investment Distributors, Inc. (“IDI”) is the principal underwriter of the Policies as defined in the Investment Company Act of 1940. IDI is also principal underwriter for the Protective Variable Annuity Separate Account, Protective Variable Life Separate Account, PLICO Variable Annuity Account S, Protective COLI VUL, Protective COLI PPVUL, Variable Annuity Separate Account A of Protective Life, PLAIC Variable Annuity Account S, and Protective NY COLI VUL. The principal underwriter, IDI, is also currently distributing units of interest in the following separate accounts: Variable Annuity-1 Series Account, Variable Annuity-2 Series Account, Variable Annuity-2 Series Account [New York], Variable Annuity-3 Series Account, COLI VUL-2 Series Account, COLI VUL-2 Series Account of Great West Life & Annuity Insurance Company of New York, COLI VUL-4 Series Account of Great-West Life & Annuity Insurance Company, Maxim Series Account of Great West Life & Annuity Insurance Company, Prestige Variable Life Account, Pinnacle Series Account of Great West Life & Annuity Insurance Company, Trillium Variable Annuity Account.
(b) The following information is furnished with respect to the officers and directors of IDI:
Name and Principal Business Address* | Position and Offices | Position and Offices with Registrant | ||
Carlson, Martha H. | Designated Responsible Licensed Producer | Vice President, National Sales Manager Annuity | ||
Coffman, Benjamin P. | Senior Director Financial Reporting | Vice President, Financial Reporting | ||
Creutzmann, Scott E. | Director | Senior Vice President and Chief Compliance Officer | ||
Guerrera, Darren C. | Chief Financial Officer | Vice President and Chief Financial Officer, Concourse | ||
Johnson, Julena G. | Director Regulatory | Director Regulatory | ||
Lee, Felicia M. | Secretary | Secretary, Vice President, and Senior Counsel | ||
McCreless, Kevin L. | Chief Compliance Officer | Senior Director Regulatory | ||
Morsch, Letitia A. | Assistant Secretary, and Director | Vice President, Head of Retail Retirement Operations | ||
Reed, Alisha D. | Director | Vice President, Head of Marketing Strategy | ||
Richards, Megan P. | Assistant Secretary | Assistant Secretary | ||
Tennent, Rayburn | Senior Analyst Financial Reporting | Senior Analyst Financial Reporting | ||
Wagner, James | President and Director | Senior Vice President and Chief Distribution Officer |
* Unless otherwise indicated, principal business address is 2801 Highway 280 South, Birmingham, Alabama, 35223.
(c) The following commissions were received by each principal underwriter, directly or indirectly, from the Registrant during the Registrant’s last fiscal year:
(1) Name of Principal |
|
(2) Net Underwriting |
|
(3) Compensation on |
|
(4) Brokerage |
|
(5) Other |
Investment Distributors, Inc. |
|
N/A |
|
None |
|
N/A |
|
N/A |
SIGNATURES
VARIABLE ANNUITY-1 SERIES ACCOUNT |
|||
(Registrant) | |||
By: |
* |
||
Christine Moritz, President & Chief Executive Officer |
|||
Empower Life & Annuity Insurance Company of New York |
|||
EMPOWER LIFE & ANNUITY INSURANCE COMPANY OF NEW YORK |
|||
(Depositor) | |||
By: |
* |
||
Christine Moritz, President & Chief Executive Officer |
|||
Empower Life & Annuity Insurance Company of New York |
|||
As required by the Securities Act of 1933, this Post-Effective Amendment to the Registration Statement has been signed by the following persons in the capacities and on the dates indicated:
Signature | Title | Date | |||
* | Chairman of the Board and Director | April 19, 2024 | |||
R. Jeffrey Orr | |||||
* | President, and Chief Executive Officer | April 19, 2024 | |||
Christine Moritz | (Principal Executive Officer) | ||||
* | Chief Financial Officer | April 19, 2024 | |||
Kara Roe | (Principal Accounting and Financial Officer) | ||||
* | Director | April 19, 2024 | |||
Marcia Alazraki | |||||
* | Director | April 19, 2024 | |||
Andre Desmarais | |||||
* | Director | April 19, 2024 | |||
Stuart Katz | |||||
* | Director | April 19, 2024 | |||
T. Timothy Ryan | |||||
* | Director | April 19, 2024 | |||
Jerome Selitto | |||||
* | Director | April 19, 2024 | |||
Brian Walsh | |||||
*BY: | /S/ BRANDON J. CAGE | April 19, 2024 | |||
Brandon J. Cage | |||||
Attorney-in-Fact | |||||