Updating Summary Prospectus (Form 497VPU)

Table of Contents 

	Page
Glossary	1
Updated Information About Your Contract	2
Important Information You Should Consider About the Policy	3
Appendix: Eligible Portfolios Available Under the Policy	8

Glossary

More detailed information concerning certain terms defined below is provided in "Definitions" in the Prospectus.

Accumulation Value: The aggregate value of your Policy's investment in the Investment Divisions.

Attained Age: The Insured's Issue Age, plus the number of Policy Years completed since the Policy Date.

Business Day: Any day on which the New York Stock Exchange ("NYSE") is open for regular trading. Our Business Day ends at 4:00 p.m. Eastern Time or the closing of regular trading on the NYSE, if earlier.

Cash Surrender Value: The Cash Value less Policy Debt. See "Surrenders" in the Prospectus for more information.

Cash Value: The sum of (a) the Accumulation Value, (b) the value in the Fixed Account, and (c) the value in the Loan Account.

Eligible Portfolios: The mutual fund portfolios that are available for investment through the Investment Divisions. See "Appendix-Eligible Portfolios Available Under the Policy" below. The Eligible Portfolios are portfolios of open-end management investment companies registered with the SEC.

Face Amount: The dollar amount of the life insurance under the Policy as selected by you. It may be changed by you. See "Definitions-Face Amount" and "Policy Payment Information-Changing the Face Amount of Your Policy" in the Prospectus for more information about the Face Amount.

Fixed Account: The investment option under your Policy that accrues interest at fixed rates on a daily basis. This rate can change, subject to the Guaranteed Minimum Interest Rate. Assets in the Fixed Account are part of NYLIAC's General Account. See "Management and Organization-The Fixed Account" and "-Interest Crediting" and "Description of the Policy-Investment Divisions and the Fixed Account-Amount in the Fixed Account" in the Prospectus for more information about the Fixed Account.

Good Order: A Notice, Request, or Policy transaction is in "Good Order" if it complies with our administrative procedures and the required information is complete and correct. We may delay our response to a Notice, Request, or Policy transaction if it is not in Good Order. For more information see "Definitions-Good Order" in the Prospectus.

Investment Division: A subaccount of NYLIAC Corporate Sponsored Variable Universal Separate Account-I, which is a segregated asset account of NYLIAC established to receive and invest net Premiums allocated to the Investment Divisions.

Issue Age: Unless otherwise stated, the Insured's age on the birthday nearest the Policy Date, as shown on the Policy Data Pages.

Late Period: A period of 62 days after the Monthly Deduction Day when the Cash Surrender Value is less than the Monthly Deduction Charges for the next Policy Month.

Loan Account: The account that holds a portion of Cash Value for the purpose of securing any Policy Debt. It is part of NYLIAC's General Account.

Monthly Deduction Charges: The charges deducted from your Policy's Cash Value as of each Monthly Deduction Day, consisting of the Monthly Cost of Insurance Charge, Monthly Additional Flat Extras, Monthly M&E Charge, Monthly Contract Charge, Monthly Per Thousand Face Amount Charge, and any applicable monthly rider charges.

Monthly Deduction Day: The date of each month, specified on the Policy Data Pages, as of which we deduct the Monthly Deduction Charges from Cash Value. For more information, see "Definitions-Monthly Deduction Day" in the Prospectus.

PCO (Policy Charge Option): The Policy charge option you may select at policy issue. For corporate-owned policies, there are five PCOs that may be selected-PCOs A - E. For individually-owned policies, only one PCO is available-PCO F. See "Important Information You Should Consider About the Policy-Fees and Expenses-Transaction Charges" below and "Charges Associated with the Policy-Policy Charge Options ("PCOs")" in the Prospectus for more details.

Planned Premium: The initial premium and the subsequent premium amounts in the amount and frequency you selected in the Policy application.

Policy or CorpExec VUL Plus: Your CorpExec VUL Plus variable universal life policy.

Policy Anniversary: The anniversary of the Policy Date specified on the Policy Data Pages. A Policy Anniversary starts a new Policy Year.

Policy Data Pages: The Policy pages that provide information regarding your Policy, such as Policy Face Amount, Premium payments, and Policy charges.

Policy Date: The date we use as the starting point for determining Policy Years and Monthly Deduction Days. Your Policy Date will be the same as the date on which we issue your Policy, unless you Request otherwise. Generally, you may not choose a Policy Date that is more than six months before the date of your Policy's issue. You can find your Policy Date on the Policy Data Pages.

Policy Debt: The amount of outstanding loan(s) under your Policy, plus accrued interest.

Policy Month: The monthly period beginning on each Monthly Deduction Day and extending to, but not including, the next Monthly Deduction Day.

Policy Year: The year from a Policy Anniversary to, but not including, the next Policy Anniversary. The first Policy Year begins on the Policy Date, and each twelve-month period thereafter.

Premium: A Planned Premium or an Unplanned Premium.

Request: A signed written request in Good Order received at our Service Office which gives us the facts that we need. When you write to us, please include the Policy number, the Insured's full name, and your current address.

Sales Standards: The criteria used to evaluate whether a recommended transaction, relating to your policy, complies with applicable standards of conduct.

Target Premium: An amount used to determine the Premium Expense Charge. See "Important Information You Should Consider About the Policy-Fees and Expenses-Transaction Charges" and "Definitions-Target Premium" in the Prospectus.

Unplanned Premium: Premium payments you make in addition to Planned Premium.

Updated Information About Your Contract

The information in this Updating Summary Prospectus is a summary of certain features of the Policy that have changed since the Prospectus, dated May 1, 2025. This description does not reflect all of the changes that have occurred since you entered into your Policy.

Eligible Portfolios

Effective on or about August 28, 2025, in accordance with applicable law and the terms of the policies, the Separate Account substituted shares of the Victory RS Small Cap Growth Equity VIP Series - Class I with shares of the ClearBridge Variable Small Cap Growth Portfolio - Class I.

The Victory RS International VIP Series (the "Victory Series") was closed at the close of business on or about August 22, 2025 (the "Hard Close Date") and the Victory Series was liquidated on or about August 28, 2025 (the "Liquidation Date"). As of the Hard Close Date, no premiums or transfers were accepted into the Investment Division that invests in the Victory Series. On the Liquidation Date, if any policyowners did not transfer their remaining Cash Value out of the Investment Division that invests in the Victory Series as of such date, we transferred the Cash Value allocated to the Victory Series into the Investment Division that invests in the Fidelity® VIP Government Money Market Portfolio-Initial Class.

Effective December 1, 2025, all references to the following Eligible Portfolios were changed from: (1) Macquarie VIP Emerging Markets Series-Standard Class to Nomura VIP Emerging Markets Series-Standard Class; and (2) Macquarie VIP Small Cap Value Series-Standard Class to Nomura VIP Small Cap Value Series-Standard Class. In addition, all references to "Delaware Management Company, a series of Macquarie Investment Management Business Trust" as the adviser to the Eligible Portfolios listed above, were deleted and replaced with "Delaware

Management Company, a series of Nomura Investment Management Business Trust." Finally, all references to Macquarie Investment Management Global Limited as the sub-adviser to the Eligible Portfolios listed above were deleted.

As of April 24, 2026, each of the following Eligible Portfolios will be reorganized into a newly created series of the Lincoln Variable Insurance Products Trust: (1) ClearBridge Variable Appreciation Portfolio - Class I will be reorganized into LVIP ClearBridge Appreciation Fund - Standard Class; and (2) ClearBridge Variable Large Cap Growth Portfolio - Class I will be reorganized into LVIP ClearBridge Large Cap Growth Fund - Standard Class. For both funds, the Investment Adviser will change to Lincoln Financial Investments Corporation.

Commencing May 1, 2026, the following will be added as Eligible Portfolios under the Policy:

Commencing May 1, 2026, no premiums or transfers will be accepted into the following Investment Division:

Commencing May 1, 2026, no new investors will be permitted to allocate premiums or make transfers into the following Investment Divisions:

Policyowners who remove any Cash Value allocations from these Investment Divisions will not be permitted to reinvest in these Investment Divisions.

The names of the following Eligible Portfolios under the Policy have been changed as follows:

Important Information You Should Consider About the Policy  

Fees and Expenses

 

Please refer to your Policy Data Pages for information about the specific fees you will pay each year based on the options you have selected.

 

Transaction Charges	We charge you a Premium Expense Charge on each Premium you pay up to Attained Age 100, covering sales expense and federal and state premium tax expenses. The amount of the Premium Expense Charge varies depending on the Policy Charge Option ("PCO") that you select, the Policy Year in which the Premium is paid, and whether or not the amount exceeds the Target Premium for your Policy. See "Charges Associated with the Policy-Deductions from Premium Payments" in the Prospectus for more information. The PCO is selected at Policy issue and may not be changed once selected. Each PCO determines the amount, timing, and relative allocation between and among the Premium Expense Charges and Monthly Mortality and Expense Charges to your Policy and the current interest rate that will be credited to the Fixed Account. For corporate-owned policies, there are five PCOs that may be selected. For individually-owned policies, only one PCO is available. Please refer to your Policy Data Pages for the specific Premium Expense Charges available to your Policy. We also may charge you a Transfer Charge on transfers among the investment options under your Policy and a Partial Surrender Processing Fee on partial surrenders. Currently, we are not imposing these charges. See "Charges Associated with the Policy-Separate Account Charges-Fund Transfer Charge" and " -Partial Surrender Processing Fee" in the Prospectus. Finally, we reserve the right to charge a fee for returned payments, but we are not currently charging it.
Ongoing Fees and Expenses	In addition to transaction charges, an investment in the Policy is subject to certain ongoing fees and expenses which we deduct monthly, including Cost of Insurance Charges, a Flat Extras charge (added to the Cost of Insurance Charge to cover certain additional mortality risk), and a Monthly Per Thousand Face Amount Charge. These charges may vary based on the characteristics of the Insured (e.g., Issue Age, gender, underwriting class, Policy Year, and the Face Amount of your Policy). See "Charges Associated with the Policy-Deductions from Cash Value-Monthly Cost of Insurance Charge" and "-Monthly Per Thousand Face Amount Charge" in the Prospectus. We also charge a Monthly Mortality and Expense Risk Charge ("Monthly M&E Charge") and a Monthly Contract Charge. See "Charges Associated with the Policy-Deductions From Cash Value-Monthly Mortality and Expense Charge" in the Prospectus. We will charge you interest if you take a Policy Loan. See "Charges Associated with the Policy-Loan Charges" in the Prospectus. You will also bear expenses associated with the Eligible Portfolios available under your Policy, as shown in the following table, which shows the minimum and maximum total operating expenses deducted from the assets of the Eligible Portfolios (before any fee waiver or expense reimbursement) during the year ended December 31, 2025. (See "Appendix-Eligible Portfolios Available Under the Policy" for our list of available Eligible Portfolios, the current expenses for these Portfolios, and the Average Annual Total Returns).
	Annual Fee	Minimum	Maximum
	Investment Options (Eligible Portfolio fees and expenses)	0.03%	2.325%

 

Risks

 

Risk of Loss

You can lose money by investing in the Policy. See "Summary of Principal Risks of Investment in the Policy-Investment Risk" in the Prospectus.

 

Restrictions

 

Investment Allocation Options

Generally, you may allocate your net Premiums or Cash Value among 20 of the Eligible Portfolios at any one time as well as to the Fixed Account. Certain Policies associated with a nonqualified deferred compensation plan may permit allocation among up to 35 Eligible Policies and the Fixed Account; please contact us for more information. Unless we agree otherwise, the minimum amount that may be transferred among the Investment Divisions or to or from the Fixed Account at one time is $500 (or, if less, the entire amount in that investment option). If, after a transfer, less than $500 would remain in the relevant Investment Division or the Fixed Account, we may include the remaining value in the transfer. See "Description of the Policy-Investment Divisions and the Fixed Account-Transfers Among Investment Divisions and the Fixed Account" in the Prospectus. In addition, in order to prevent market timing, we may limit your ability to make transfers involving the Investment Divisions if a transfer may disadvantage or potentially hurt the rights of other policyowners. We also will reject or reverse a transfer Request if any of the relevant Eligible Portfolios for any reason does not accept the purchase of its shares. For more information about our rights to decline transfers, see "Description of the Policy-Limits on Transfers" in the Prospectus. For more information about the Eligible Portfolios' rights to refuse or restrict purchases and redemptions of their shares, see https://dfinview.com/NewYorkLife/TAHD/ cevulplus. NYLIAC reserves the right to remove or substitute Eligible Portfolios as investment options or close investment options to new investment. See "Management and Organization-Our Rights" in the Prospectus and "Appendix-Eligible Portfolios Available Under the Policy" below for a list of available Eligible Portfolios in the Prospectus. In addition, NYLIAC has the right to establish limits on your ability to allocate net Premiums, or to transfer all or part of the Cash Value from an Investment Division, to the Fixed Account. These limits may include allowing no Premium allocations, or transfers from the Investment Divisions, to the Fixed Account. See "Description of the Policy-Investment Divisions and the Fixed Account-Amount in the Fixed Account" and "-Transfers Among Investment Divisions and the Fixed Account" in the Prospectus.

Optional Benefits

You are required to have a minimum Cash Value to elect, or retain access to, certain optional benefits. We may modify or discontinue offering an optional benefit at any time. Some optional benefits may not be used together. We may change these restrictions in the future. For more detailed information, see "Description of the Policy-Additional Benefits Through Options Available at No Additional Charge" in the Prospectus.

 

Taxes

 

Tax Implications

You should consult with a tax professional to determine the tax implications of an investment in and payments received under the Policy. For example, special rules apply to employer-owned policies. The Policy may not be used with tax-qualified plans or individual retirement accounts. Full and partial surrenders (including loans) may be subject to ordinary income tax and, subject to certain exceptions, a 10% percent penalty tax. See "Federal Income Tax Considerations" in the Prospectus for more information about the tax consequences of the Policy.

 

Conflicts of Interest

 

Investment Professional Compensation

Selling broker-dealers and, in turn, their registered representatives, receive compensation for selling the Policy. The compensation will consist of commissions, asset-based compensation, expense allowances and/or other compensation programs. NYLIAC also may enter into agreements with service entities, which may be affiliated with broker-dealers, under which NYLIAC pays service fees or additional compensation. See "Distribution and Compensation Arrangements" in the Prospectus. Your selection of a PCO will affect the level of compensation received by your selling broker-dealer or registered representative, with greater compensation being generated by PCOs with higher current Policy charges and lower current Fixed Account crediting rates. These compensation arrangements have the potential to influence the recommendations made by your investment professional with respect to the PCO, which may, in turn, affect the performance of your Policy. These compensation arrangements may also provide a financial incentive for these investment professionals to recommend the Policy over other investments. See "Important Information You Should Consider About the Policy-Fees and Expenses-Transaction Charges" above and "Charges Associated with the Policy-Policy Charge Options ("PCOs")-Factors to Consider in Selecting a PCO" in the Prospectus.

Exchanges

Some investment professionals may have a financial incentive to offer you a new policy in place of one that you already own. You should only exchange your CorpExec VUL Plus Policy if you determine, after comparing the features, fees, and risks of both policies, that it is preferable for you to purchase the new policy rather than continue to own your CorpExec VUL Plus Policy. In addition, if you already own a life insurance policy, it may not be to your advantage to replace that policy with CorpExec VUL Plus. If you are replacing your policy with the CorpExec VUL Plus Policy, you should carefully consider the benefits, features, fees, risks, and costs of this Policy versus those of the policy (or policies) being replaced. In addition, it may not be to your advantage to borrow money to purchase a CorpExec VUL Plus Policy or to take partial surrenders from another policy you own to make Premium payments under this CorpExec VUL Plus Policy. You should exchange an existing policy for the CorpExec VUL Plus only if you determine that it is preferable for you to purchase a new policy rather than continue to own your existing policy, after comparing the features, fees, and risks of both policies. See "Description of the Policy-Tax-Free "Section 1035" Insurance Policy Exchanges" in the Prospectus.

Appendix: Eligible Portfolios Available Under the Policy

The following is a list of Eligible Portfolios available under the Policy as of the date of this Prospectus. Generally, you may allocate your net Premiums or Cash Value among up to 20 of the Eligible Portfolios at any one time as well as to the Fixed Account. Certain Policies associated with a nonqualified deferred compensation plan may permit allocation among up to 35 Investment Divisions and the Fixed Account. More information about the Eligible Portfolios is available in the prospectuses for the Eligible Portfolios, which may be amended from time to time and can be found online at https://dfinview.com/NewYorkLife/TAHD/cevulplus. You can also request this information at no cost by calling our Service Office at (888) 695-4748, faxing us at (913) 906-4129, or emailing us at [email protected].

The current expenses and performance information below reflects fees and expenses of the Eligible Portfolios, but do not reflect the other fees and expenses that your Policy may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Eligible Portfolio's past performance is not necessarily an indication of future performance. 

Type	Eligible Portfolio and Advisers/Sub-Adviser	Current Expenses	Average Annual Total Returns (as of 12/31/2025)
			1 year	5 year	10 year
Large Cap Equity	NYLIM VP American Century Large Cap Equity (formerly NYLI VP American Century Sustainable Equity)-Initial Class   Adviser: New York Life Investment Management LLC ("New York Life Investments") / Sub-Adviser: American Century Investment Management, Inc. ("ACIM")	0.68%	11.34%	13.96%	11.86%
Investment Grade Bond	NYLIM VP Bond (formerly NYLI VP Bond)-Initial Class   Adviser: New York Life Investments / Sub-Adviser: NYL Investors LLC ("NYLI")	0.55%	6.83%	(0.63%)	1.96%
Large Cap Equity	NYLIM VP Dimensional U.S. Equity (formerly NYLI VP Dimensional U.S. Equity)-Initial Class   Adviser: New York Life Investments / Sub-Adviser: Dimensional Fund Advisors L.P. ("DFA")	0.54%	13.75%	12.39%	12.68%
Sector	NYLIM VP Fidelity Institutional AM® Utilities (formerly NYLI VP Fidelity Institutional AM® Utilities)-Initial Class   Adviser: New York Life Investments / Sub-Adviser: FIAM LLC	0.68%	13.79%	12.34%	10.97%
Non-Investment Grade Bond	NYLIM VP Floating Rate (formerly NYLI VP Floating Rate)-Initial Class   Adviser: New York Life Investments / Sub-Adviser: NYLI	0.64%	5.13%	5.43%	5.01%

Type	Eligible Portfolio and Advisers/Sub-Adviser	Current Expenses	Average Annual Total Returns (as of 12/31/2025)
			1 year	5 year	10 year
Investment Grade Bond	Western Asset Core Plus VIT Portfolio-Class I*   Adviser: FTFA / Sub-Advisers: Western Asset Management Company Limited, Western Asset Management Company, LLC, Western Asset Management Company Ltd., and Western Asset Management Company Pte. Ltd.	0.54%	7.75%	(1.44%)	2.11%
Investment Grade Bond	Western Asset Long Credit VIT Portfolio-Class I**   Adviser: FTFA / Sub-Advisers: Western Asset Management Company Limited, Western Asset Management Company, LLC, Western Asset Management Company Ltd., and Western Asset Management Company Pte. Ltd.	0.41%	8.59%	N/A	N/A