Supplement dated July 29, 2026, to the Updating Summary Prospectus and Prospectus
dated May 1, 2026, for Schwab Advisor Choice Variable Annuity contracts
issued by Empower Annuity Insurance Company of America
Variable Annuity-1 Series Account
Supplement dated July 29, 2026, to the Updating Summary Prospectus and Prospectus
dated May 1, 2026, for Schwab Advisor Choice Variable Annuity contracts
issued by Empower Life & Annuity Insurance Company of New York
Variable Annuity-1 Series Account of New York
This Supplement amends certain information in your variable annuity contract prospectus and updating summary prospectus (collectively, the “Prospectuses”). Please read this Supplement carefully and keep it with your Prospectuses for future reference. You may obtain a current prospectus by visiting www.protective.com/productprospectus.
The purpose of this Supplement is to announce a portfolio name change and a portfolio investment adviser change impacting Portfolios available under your Contract.
Portfolio Name Change:
On or about July 29, 2026, a Portfolio available under your Contract will change its name as follows:
CURRENT FUND NAME |
NEW FUND NAME |
Vanguard Variable Insurance Funds - Mid-Cap Index Portfolio |
Vanguard Variable Insurance Funds - Morningstar Mid-Cap Index Portfolio |
After July 29, 2026, all references to the Portfolio in your Prospectuses are hereby replaced with the new fund name.
Portfolio Investment Adviser Change:
Effective immediately, the following information in the "APPENDIX: INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT" section of the Prospectuses is removed and replaced by the following:
|
Asset |
Portfolio Company – |
Current |
Average Annual Total Returns (as of 12/31/2025) | ||
| 1 Year | 5 Year | 10 Year | |||
| U.S. Equity |
Vanguard Variable Insurance Funds - Small Company Growth Portfolio - T. Rowe Price Associates, Inc. and Vanguard Portfolio Management |
0.29% | 6.10% | 3.81% | 9.61% |
***
If you have any questions regarding this Supplement, please contact your investment professional or us toll free at 1-800-838-0650. You may also obtain portfolio prospectuses online at www.protective.com/productprospectus by selecting your Contract then “Investment Options.” Please keep this Supplement for future reference.