SUPPLEMENT DATED SEPTEMBER 4,
2026 TO THE FOLLOWING
PROSPECTUS (AS SUPPLEMENTED) DATED MAY 1, 2008
NYLIAC Pinnacle Variable Universal Life
NYLIAC Pinnacle Survivorship Variable Universal Life
INVESTING IN THE FOLLOWING SEPARATE ACCOUNT
NYLIAC Variable Universal Life Separate Account-I
This supplement amends the most recent prospectus (the
“Prospectus”) for the New York Life variable universal life policies listed above that were issued by New York Life Insurance and Annuity Corporation
(“NYLIAC”). This supplement describes a change to a Portfolio available under such policies. You should read this information carefully and retain this supplement for future reference together with the Prospectus for your policy. This supplement is not valid
unless it is read in conjunction with the Prospectus for your policy. All capitalized terms used but not defined
herein have the same meaning as those included in the Prospectus.
The purpose of this supplement is to inform you of the following change to the Prospectus scheduled to take effect
on or about October 7, 2026 (“Effective Date”):
I. SUBSTITUTION OF THE EXISTING PORTFOLIO FOR THE REPLACEMENT PORTFOLIO
In accordance with applicable law and the terms of the policies, NYLIAC’s above-referenced separate account will substitute shares of the “Existing Portfolio” listed in the table below with shares of the corresponding “Replacement Portfolio” listed in the table below. The substitution will take effect on or about the Effective Date. All expenses
incurred in connection with the substitution will be paid by either NYLIAC or an affiliate. You will not incur any fees, charges or any tax liability because of the substitution.
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LVIP American Century International Fund – Service
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Fidelity® VIP Overseas Portfolio – Initial Class |
Prior to the Effective Date. Until the substitution occurs, the Investment Division that invests in an
Existing Portfolio being substituted will be available for investment. For thirty (30) days before the Effective Date, if you have allocations in the Existing Portfolio, you may transfer such allocations to any other available investment option without any charge or
limitation (except potentially harmful transfers (see the “Limits on Transfers” section in the Prospectus for your policy)) and without the transfer counting toward the
number of free transfers that otherwise may be made in a given Policy Year. Such transfer(s) will be based on the Accumulation Unit value of the Investment Division for the
Existing Portfolio as of the close of the Business Day that we receive the transfer request. All other transfers are subject to limitations, and may be subject to charges, as described in the Prospectus for your policy. Please see the Prospectus for
your policy for information on how to complete transfers from the Investment Division for the Existing Portfolio to other investment options that we currently offer.
Until the Effective Date, we will continue to process premium payments and automatic
transactions (such as dollar cost averaging, automatic asset rebalancing and interest sweep) involving the Existing Portfolio, unless you provide us with alternate allocation instructions. Also note that the Existing Portfolio will not accept new premium payment
allocations or transfers as of the Effective Date.