Updating Summary Prospectus (Form 497VPU)

THIS SUPPLEMENT MUST BE READ IN CONJUNCTION WITH YOUR PROSPECTUS.

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.

FEES, EXPENSES, AND ADJUSTMENTS

LOCATION IN PROSPECTUS

Are There Ongoing Fees and Expenses?

Yes. The table below describes the fees and expenses that you may pay  each year, depending on the investment options and optional benefits you choose. Please refer to your Contract specifications page(s) for information about the specific fees you will pay each year based on the options you have elected.

Charges and Deductions

Annual Fee

Minimum

Maximum

Base Contract

1.32%⁽¹⁾

1.32%⁽¹⁾

Fund fees and expenses

0.51%⁽²⁾

1.43%⁽²⁾

Optional benefits available
for an additional charge
(for a single optional benefit,
if elected)

-%⁽³⁾

-%⁽⁴⁾

Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, 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 Contract,  which could result in the assessment of  CDSCs that substantially increase costs.

Lowest Annual Cost:

Highest Annual Cost:⁽⁵⁾

$1,596

$4,001

Assumes:

Investment of $100,000

5% annual appreciation

Least expensive combination of Contract Share Classes and Fund fees and expenses

No optional benefits

No CDSC

No additional Purchase Payments, transfers, or withdrawals

Assumes:

Investment of $100,000

5% annual appreciation

Most expensive combination of Contract Share Classes, optional benefits and Fund fees and expenses

No CDSC

No additional Purchase Payments, transfers, or withdrawals