New York Life Ins & Annuity Var Univ Life Sep Acc I Corp

04/09/2026 | Press release | Distributed by Public on 04/09/2026 11:46

Updating Summary Prospectus (Form 497VPU)

New York Life Insurance and Annuity Corporation
New York Life Variable Universal Life Accumulator
New York Life Survivorship Variable Universal Life Accumulator 
UPDATING SUMMARY PROSPECTUS FOR EXISTING INVESTORS
May 1, 2026
A flexible premium variable universal life insurance contract offered to individuals under NYLIAC Variable Universal Life Separate Account-I
This summary prospectus summarizes significant changes to two different policies issued by New York Life Insurance and Annuity Corporation ("NYLIAC"), since May 1, 2025, the effective date of last year's update to the prospectus for these policies. The New York Life Variable Universal Life Accumulator ("VUL") policy insures one person and pays a death benefit upon that person's death. The New York Life Survivorship Variable Universal Life Accumulator ("SVUL") policy insures two people and pays a death benefit upon the death of the second person. Throughout this summary prospectus that second person is described as the last surviving insured. Other differences between the VUL and SVUL policies are noted in this summary prospectus and in the full (or statutory) prospectus. Both SVUL and VUL policies are no longer offered for sale. However, we will still accept additional premiums for existing policies.
The prospectus contains more information about the policies, including their features, benefits, and risks. You can find the current prospectus and other information about the policy online at https://dfinview.com/NewYorkLife/TAHD/accumulator or (also at no cost) by calling us at 1-800-598-2019 or by sending an email request to [email protected] or through the New York Life Insurance Company Mobile Application ("mobile application"), available for download on the Apple App Store and Google Play Store.
Additional information about certain investment products, including variable life insurance, has been prepared by the Securities and Exchange Commission's staff and is available online at Investor.gov.
In this prospectus, the words "we," "our" or "us" refer to NYLIAC and the words "you" or "your" refer to the policyowner. Policies have risks, including risk of loss of the amount invested. Policies are not deposits of, or guaranteed or endorsed by, any bank and are not federally insured by the FDIC, Federal Reserve Board, or any other agency.
The Securities and Exchange Commission ("SEC") has not approved or disapproved of this security or passed upon the accuracy or adequacy of this summary prospectus. Any representation to the contrary is a criminal offense.
Please use one of the following addresses for service requests: 
Regular Mail
Express Mail
 
NYLIAC
Variable Products Service Center
Madison Square Station
P.O. Box 922
New York, NY 10159
NYLIAC
Variable Products Service Center
51 Madison Avenue
Floor 3B, Room 0304
New York, NY 10010
or call our toll-free number: 1-800-598-2019
For submitting death claim forms only, you may also use: 
Regular Mail
 
New York Life
P.O. Box 130539
Dallas, TX 75313-0539
Premium payments and loan repayments should be sent to us at: 
Regular Mail
Express Mail
 
NYLIAC
75 Remittance Drive, Suite 3021
Chicago, IL 60675-3021
NYLIAC
5450 N. Cumberland Avenue, Suite 100
Chicago, IL 60656-1422
Table of Contents 
Page
Definitions
1
Updated Information About Your Policy
3
Important Information You Should Consider About the Policy
5
Appendix: Eligible Portfolios Available Under the Policy
10
i
Definitions
The references in the definitions below, for more information, are to sections of the full statutory prospectus.
More detailed information concerning certain terms defined below is provided in "Definitions" in the full statutory prospectus.
Cash Surrender Value: The Cash Value, minus any surrender charges that may apply, minus any outstanding loans and accrued loan interest. This is the amount we will pay you if you surrender your policy. See "Surrenders" for more information.
Cash Value: The total value of your policy's accumulation units in the Separate Account Value, plus any amount in the Fixed Account and DCA Plus Account.
Cost of Insurance Charge: A charge that is deducted from your policy's Cash Value on each Monthly Deduction Day for the cost of providing a Life Insurance Benefit to you. The initial rate of the monthly Cost of Insurance Charge is based upon our underwriting of your policy. Your Cost of Insurance Charge may vary from month to month depending on cost of insurance rates and the Net Amount at Risk. For more information, please see "Charges Associated with the Policy-Cost of Insurance Charge".
Dollar-Cost Averaging Plus ("DCA Plus") Account: The 12-month dollar-cost averaging account used specifically for the DCA Plus Program. The amount in the DCA Plus Account earns interest at a rate which we declare periodically, but which will never be less than an annual rate of 2%. Interest accrues and is credited on a daily basis.
Eligible Portfolios ("Portfolios"): The mutual fund portfolios of the Funds that are available for investment through the Investment Divisions of the Separate Account.
Face Amount: The dollar amount of life insurance under the policy as selected by the policyowner. It equals the initial face amount shown on the Policy Data Page, plus or minus any changes to the initial face amount.
Fixed Account: An account we credit with a fixed interest rate that we declare periodically in advance, in our sole discretion. This rate can change but will never be less than 3% for policies issued prior to May 1, 2012 and 2% for policies issued on or after May 1, 2012. The Fixed Account is supported by assets in NYLIAC's General Account. The amount in the Fixed Account earns interest and is credited on a daily basis.
Flat Extra: An additional charge that may be assessed and added to the monthly cost of insurance charge to cover an additional risk on the Insured.
General Account: An account representing all of NYLIAC's assets, liabilities, capital and surplus, income, gains, or losses that are not included in the Separate Account or any other separate account. These assets are subject to the claims of our general creditors. For VUL policies, we allocate any Net Premium payments you make during the Free Look period to this account. For SVUL policies, we allocate any Net Premium payments you make prior to the Initial Premium Transfer Date to this account.
GMAB Allocation Alternatives: The Investment Options currently available with the GMAB Rider as listed in "Description of the Policy-Additional Benefits Through Riders and Options-Guaranteed Minimum Accumulation Benefit Rider-Rider Eligibility and Investment Restrictions."
GMAB Investment Divisions: The Investment Divisions currently available as GMAB Allocation Alternatives.
Investment Division: A division of the Separate Account. Each Investment Division invests exclusively in shares of a specified Eligible Portfolio.
Investment Options: Policy investment options that consist of the Investment Divisions, the Fixed Account, and the DCA Plus Account.
Issue Date: The date we issue the policy as specified on the Policy Data Page.
Life Insurance Benefit: The benefit calculated under the Life Insurance Benefit Option you have chosen.
Monthly Deduction Charges: The Monthly Contract Charge, the Monthly Cost of Insurance Charge, the Monthly Mortality and Expense Risk Charge, the Monthly Per Thousand of Face Amount Charge, and any applicable monthly rider charges deducted from your policy's Cash Value.
1
Monthly Deduction Day: The date that we deduct the Monthly Deduction Charges from your policy's Cash Value. If a Monthly Deduction Day falls on a day that is not a Business Day, the Monthly Deduction Charges will be deducted on the following Business Day.
Mortality and Expense Risk: The risk that the group of lives we have insured under our policies will not live as long as we expect (mortality risk); and the risk that the cost of issuing and administering the policies will be greater than we have estimated (expense risk).
Net Amount at Risk: The difference between (i) the Life Insurance Benefit divided by 1.00327, and (ii) the policy's Cash Value. See "Deductions from Cash Value-Charge for Cost of Insurance Protection" for more information.
Net Premium: The balance of a premium payment after applicable sales expense, state premium tax, and federal tax charges have been deducted.
NYLIAC: New York Life Insurance and Annuity Corporation.
Policy: VUL or SVUL.
Policy Data Page: Page 2 of your policy. The Policy Data Page contains your policy's specifications.
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 your Issue Date, unless you request otherwise. You can find your Policy Date on the Policy Data Page.
Policy Proceeds: The benefit we will pay to your beneficiary when we receive proof that the insured (under VUL) or last surviving insured (under SVUL) died while the policy is in effect. It is equal to the Life Insurance Benefit, plus any additional benefits under any riders you have chosen, minus any outstanding loans (including any accrued loan interest).
Policy Year: The twelve-month period starting on the Policy Date, and each twelve-month period thereafter.
Separate Account: NYLIAC Variable Universal Life Separate Account-I, a segregated asset account NYLIAC established to receive and invest Net Premiums that are allocated to the Investment Divisions. The Separate Account is divided into subaccounts that correspond to the Investment Divisions.
Separate Account Value: An amount equal to the Cash Value allocated to the Separate Account.
Surrender Charge Premium: The amount we use to calculate surrender charges, as set forth on the Policy Data Page.
VPSC: The Variable Products Service Center. You may contact the VPSC toll-free by calling 1-800-598-2019, or by sending correspondence to the addresses listed on the first page of this prospectus (or any other address we indicate to you in writing). See "Management and Organization-How to Reach Us for Policy Services" for more information.
2
Updated Information About Your Policy
The information in this updating summary prospectus is a summary of certain policy features that have changed since the full or statutory prospectus dated May 1, 2025. This may not reflect all of the changes that have occurred since you purchased your policy.
Eligible Portfolios:

The following have been added as Eligible Portfolios under the Policy:
●
American Funds IS® Growth-Income-Class 2
●
Columbia Variable Portfolio Small Company Growth-Class 1
●
Fidelity® VIP International Capital Appreciation-Initial Class
●
Franklin Gold and Precious Metals VIP Fund-Class 1
●
Goldman Sachs VIT International Equity Insights Fund-Institutional Class
●
Lord Abbett Series Fund, Inc.-Short Duration Income Portfolio-Class I
●
Voya Intermediate Bond Portfolio-Class I
The names of the following Eligible Portfolio under the Policy have changed:
●
For all NYLI VP Portfolios, all references to "NYLI" in the Portfolio names were deleted and replaced with "NYLIM"
●
NYLI VP American Century Sustainable Equity-Initial Class has been changed to NYLIM VP American Century Large Cap Equity-Initial Class
●
American Funds® IS Global Small Capitalization Fund-Class 2 has been changed to American Funds® IS SMALLCAP World Fund®-Class 2
●
MFS® International Intrinsic Value Portfolio-Initial Class has been changed to MFS® International Intrinsic Equity Portfolio-Initial Class
The following Eligible Portfolio under the Policy has closed:
●
Western Asset Core Plus VIT Portfolio-Class I has been closed to new investments. Premiums or transfers will only be accepted into this Portfolio from policyowners already invested in this Portfolio. Policyowners who remove all Cash Value allocations from this Portfolio will not be permitted to reinvest in this Portfolio.
The following Eligible Portfolios have Reorganized:
●
Macquarie VIP Portfolios:
●
Macquarie VIP Emerging Markets Series-Standard Class has been changed to Nomura VIP Emerging Markets Series-Standard Class
●
Macquarie VIP Small Cap Value Series-Standard Class has been changed to Nomura VIP Small Cap Value Series-Standard Class
●
Delaware Management Company, a series of Macquarie Investment Management Business
Trust, the adviser to the Portfolios listed above, has been replaced with Delaware Management Company, a series of Nomura Investment Management Business Trust
●
Macquarie Investment Management Global Limited, has been removed as the subadviser to the Portfolios listed above
●
ClearBridge Variable Portfolio:
●
ClearBridge Variable Appreciation Portfolio-Class I has been changed to LVIP ClearBridge Appreciation Fund-Standard Class
3
●
Franklin Templeton Fund Adviser, LLC, the adviser to the Portfolio listed above has been replaced with Lincoln Financial Investments Corporation
4
Important Information You Should Consider About the Policy
An investment in the New York Life VUL or SVUL Accumulator Policy is subject to fees, risks, and other important considerations, some of which are briefly summarized in the following table. You should review the full prospectus for additional information about these topics. 
Fees and Expenses
Please refer to your Policy Specifications Page for information about the
guaranteed maximum fees you will pay each year based on the options you
have selected.
Charges for Early
Withdrawals
If you fully surrender or withdraw money from your policy within 10 years following
your purchase of the policy (or following an increase in Face Amount), you may be
assessed a surrender charge equal to the lesser of (a) or (b) where (a) equals 50%
of your total premiums paid under the policy and (b) equals a percentage of the
Surrender Charge Premium applicable to the Policy. The maximum surrender charge
is reduced over time.
For example, if you were to withdraw $100,000 during the first 10 years after your
policy purchase (and your total premiums paid were $100,000), then you could be
assessed a charge of up to $50,000 on the amount withdrawn.
For more detailed information, see the Prospectus, Table of Fees and Expenses;
Charges Associated with the Policy.
Transaction Charges
In addition to surrender charges, you may be charged for other transactions. These
include sales expense charges (deducted from each premium payment), and
charges if you cancel the Guaranteed Minimum Accumulation Benefit (GMAB) Rider
or exercise the Insurance Exchange Rider, the Living Benefits Rider, or the Overloan
Protection Rider.
We also reserve the right to impose partial surrender fees, transfer charges (when
you transfer cash value between investment options), and a returned payment (bad
check) fee, but we currently do not impose these charges.
For more detailed information, see the Prospectus, Table of Fees and Expenses;
Charges Associated with the Policy - Deductions From Premium Payments; Charges
Associated with the Policy - Transaction Charges.
Ongoing Fees and
Expenses (annual charges)
In addition to surrender charges and transaction charges, an investment in the policy
is subject to certain ongoing fees and expenses. Some of these charges such as the
Cost of Insurance Charge, the Monthly Per Thousand of Face Amount Charge,
Flat Extra charges, and certain rider charges (for optional benefits), are set based
on individual characteristics of the insured (e.g., age, sex, and rating classification).
Other ongoing charges include the monthly contract charge, the Mortality and
Expense Risk charge, loan interest, and certain rider charges. Please refer to your
Policy Data Page for rates and the specific fees applicable to your policy.
Investors will also bear expenses associated with the Eligible Portfolios (Portfolio
Companies), as shown in the following table, which shows the minimum and
maximum total operating expenses deducted from Fund assets (before any fee
waiver or expense reimbursement) during the year ended December 31, 2025 and
which may change from year to year.
5
Fees and Expenses
Portfolios' Annual Operating Expenses (expenses that are deducted from
Portfolio assets)
Annual Fee
Minimum
Maximum
Investment Options
(Eligible Portfolio fees
and expenses)
0.12%
1.31%
For more detailed information, see the Prospectus, Table of Fees and Expenses;
Charges Associated with the Policy; and 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.
 
Risks
 
Risk of Loss
You can lose money by investing in this policy, including loss of your premiums
(principal).
For more detailed information, see, the Prospectus, Summary of Principal Risks of
Investing in the Policy; Management and Organization - About the Separate Account.
Not a Short-Term
Investment
This policy is not designed for short- term investing and is not appropriate for an
investor who needs ready access to cash.
The policy is designed to provide a Life Insurance Benefit or to help meet other
long-term financial objectives. Substantial fees, expenses, and tax implications make
variable life insurance unsuitable as a short-term savings vehicle. Additionally, the
policy may limit your ability to withdraw a portion of the Cash Value through partial
surrenders or loans.
For more detailed information, see the Prospectus, Summary of Principal Risks of
Investing in the Policy; Loans; and Surrenders-Partial Surrenders-Amount
Available for a Partial Surrender.
Risks Associated with
Investment Options
•An investment in this policy is subject to the risk of poor investment performance of
the Eligible Portfolios you choose, and the value of an investment can vary
depending on the performance of the Eligible Portfolios.
•Each investment option (the Eligible Portfolios and the fixed account) has its own
unique risks. The performance of the Eligible Portfolios will vary, and some are
riskier than others.
•A discussion of the risks of allocating your premiums or Cash Value to one or more
Eligible Portfolios can be found in the prospectuses for the Eligible Portfolios, which
are available at https://dfinview.com/NewYorkLife/TAHD/accumulator. You should
review the prospectuses for the Eligible Portfolios before making an investment
decision.
For more detailed information, see the Prospectus, Summary of Principal Risks of
Investing in the Policy; Management and Organization - About the Separate Account.
6
Insurance Company Risks
An investment in the policy is subject to the risks related to New York Life Insurance
and Annuity Corporation (NYLIAC), including:
•Any obligations (including the Fixed Account and the DCA Plus Account),
guarantees, and benefits of the policy are subject to the claims-paying ability and
financial strength of NYLIAC.
•There are risks relating to NYLIAC's administration of the policy, including
cybersecurity and infectious disease outbreak risks.
•If NYLIAC experiences financial distress, it may not be able to meet its obligations
to you. More information about NYLIAC, including its financial strength ratings, is
available upon request from NYLIAC at 1-800-598-2019.
For more detailed information, see the Prospectus, Management and Organization;
Financial Statements; Summary of Principal Risks of Investing in the Policy -
Insurance Company Risks; Risks Affecting Our Administration of Your Policy.
Contract Lapse
Your policy can lapse even if you pay all of the planned premiums on time. When a
policy lapses, it has no value, and no benefits are paid upon the death of the insured.
You may also lose the principal invested. A policy can lapse if the Cash Surrender
Value is insufficient to pay the Monthly Deduction Charges and other charges. This
can happen due to insufficient premium payments, poor investment performance,
withdrawals, unpaid loans or loan interest, and policy charges (including increases in
those charges). The larger a policy loan becomes relative to the policy's Cash
Surrender Value, the greater the risk that the policy's Cash Surrender Value will not
be sufficient to support the policy's charges and expenses, including any loan interest
due, and the greater the risk of the policy lapsing. A policy lapse may have tax
consequences.
A policy that has a Cash Surrender Value just sufficient to cover Monthly Deduction
Charges and other charges, or that is otherwise minimally funded, is less likely to
maintain its Cash Surrender Value due to market fluctuation and other performance
related risks. To continue to keep your policy in force when the no-lapse guarantee
period ends, premium payments significantly higher than the premium necessary to
maintain the no-lapse guarantee benefit may be required.
If the policy lapses, there are costs and premium requirements associated with
reinstatement of the policy.
For more detailed information, see the Prospectus, Summary of Principal Risks of
Investing in the Policy; Termination and Reinstatement; Premiums - Risk of Minimally
Funded Policies.
 
Restrictions
 
7
Investment Options
•You can select a maximum of 21 Investment Options among the available
Investment Divisions that invest in the Eligible Portfolios, the Fixed Account and/or
the DCA Plus Account.
•The minimum amount that you can transfer is the lesser of (i) $500 or (ii) the total
amount in the Investment Divisions or the Fixed Account. The maximum amount
that you can transfer out of the Fixed Account in any Policy Year is the greater of
(a) 20% of the amount in the Fixed Account at the beginning of the Policy Year, or
(b) $5,000.
•NYLIAC reserves the right to remove or substitute any Eligible Portfolios as
investment options that are available under the policy.
•If you make more than three transfers within any 60-day period, then any
subsequent transfer requests must be made by U.S. mail or overnight courier (not
by telephone or electronically).
•In addition, we may limit your ability to make transfers involving the Investment
Divisions if a transfer may disadvantage or potentially harm or hurt the rights of
other policyowners in order to prevent market timing. We will also reject, reverse, or
modify a transfer request if for any reason any of the Eligible Portfolios do not
accept the purchase of its shares.
For more detailed information, see the Prospectus, Description of the Policy -
Investment Divisions, the Fixed Account and the DCA Plus Account; Description of
the Policy - Transfers Among Investment Divisions, the Fixed Account and the DCA
Plus Account; Description of the Policy - Limits on Transfers and Appendix-Eligible
Portfolios Available Under the Policy for our list of available Eligible Portfolios.
Optional Benefits
•We may modify or discontinue offering an optional benefit at any time.
•There are limitations on the benefit amounts associated with some optional
benefits.
•Activation of certain benefits may affect the Face Amount, life insurance proceeds
or other rights under the policy.
•Some optional benefits have Policy Year limitations and/or age requirements.
•Some optional benefits may have tax implications.
•Some optional benefits are only available with certain Life Insurance Benefit
Options and certain life insurance qualification tests.
•Some optional benefits are only available with Non-Qualified Policies.
•Some optional benefits may not be used together.
•A transfer under some optional benefits could reduce the value of the benefit by
more than the dollar amount of the transfer.
•We may change these restrictions in the future.
For more detailed information, see the Prospectus, The Policy-Additional Benefits
Through Riders and Options.
 
Taxes
 
Tax Implications
•Consult with a tax professional to determine the tax implications of an investment in
and payments received under this policy.
•If you purchase the policy through a tax-qualified plan, you do not get any
additional tax benefit.
•Earnings on your policy (if any) are taxed when you withdraw them (or if a policy
loan is not repaid), at ordinary income tax rates, and may be subject to a tax
penalty before age 59 ½.
For more detailed information, see the Prospectus, Summary of Principal Risks of
Investing in the Policy-Tax Risks; Federal Income Tax Considerations.
 
Conflicts of Interest
 
8
Investment Professional
Compensation
Your investment professional may receive compensation for selling this policy to you,
in the form of commissions, asset-based compensation, allowances for expenses,
and other compensation programs, and because NYLIAC may share the revenue it
earns on this policy with the professional's firm. (Your investment professional may be
your registered representative, broker, investment adviser, insurance agent, or
someone else). For these reasons, these investment professionals may have a
financial incentive to recommend this policy over another policy or investment.
For more detailed information, see the Prospectus, Charges Associated with the
Policy-Commissions Paid to Dealers; Distribution and Compensation Arrangements.
Exchanges
Some investment professionals may have a financial incentive to offer you a new
policy in place of the one you own. You should only exchange your 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
existing policy.
For more detailed information, see the Prospectus, Tax-Free "Section 1035"
Insurance Policy Exchanges.
9
Appendix: Eligible Portfolios Available Under the Policy
The Eligible Portfolios
The following is a list of the Eligible Portfolios currently available under the policy. NYLIAC reserves the right to remove or substitute any portfolio companies as investment options that are available under the policy. Before you invest, you should review the prospectuses for the Portfolios. These prospectuses contain more information about the Portfolios and their risks and may be amended from time to time. You can find the prospectuses and other information about the Portfolios online at https://dfinview.com/NewYorkLife/TAHD/accumulator.You can also request this information at no cost by calling 1-800-598-2019 or sending an email request to [email protected]. If you elect the Guaranteed Minimum Accumulation Benefit Rider, your choice of Eligible Portfolios is restricted; see below.
The current expenses and performance information below reflects fees and expenses of the Eligible Portfolios, but does not reflect the other fees and expenses that your policy may charge. Expenses would be higher and performance would be lower if these charges were included. Each Portfolio's past performance is not necessarily an indication of future performance.  
Portfolio Type
Portfolio and Adviser/Subadviser
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")
 
Subadviser: American Century
Investment Management, Inc.
0.68%
11.34%
13.96%
11.86%
Asset Allocation
NYLIM VP Balanced-Initial Class
 
Adviser: New York Life Investments
 
Subadvisers: NYL Investors LLC ("NYLI")
and Wellington Management LLP
("Wellington")
0.72%
11.44%
7.41%
7.30%
Investment Grade Bond
NYLIM VP Bond-Initial Class
 
Adviser: New York Life Investments
 
Subadviser: NYLI
0.55%
6.83%
(0.63) %
1.96%
International/Global Equity
NYLIM VP Candriam Emerging Markets
Equity-Initial Class**
 
Adviser: New York Life Investments
 
Subadviser: Candriam
1.20%
35.88%
2.77%
7.65%
-10
Portfolio Type
Portfolio and Adviser/Subadviser
Current
Expenses
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Sector
NYLIM VP CBRE Global
Infrastructure-Initial Class
 
Adviser: New York Life Investments
 
Subadviser: CBRE Investment
Management Listed Real Assets LLC
0.95%*
15.60%
7.06%
2.64%
Asset Allocation
NYLIM VP Conservative
Allocation-Initial Class
 
Adviser: New York Life Investments
0.55%
9.56%
3.93%
5.40%
Large Cap Equity
NYLIM VP Dimensional U.S.
Equity-Initial Class
 
Adviser: New York Life Investments
 
Subadviser: Dimensional Fund Advisors
LP
0.54%
13.75%
12.39%
12.68%
Large Cap Equity
NYLIM VP Epoch U.S. Equity
Yield-Initial Class
 
Adviser: New York Life Investments
 
Subadviser: Epoch Investment Partners,
Inc. ("Epoch")
0.68%*
14.24%
12.02%
9.96%
Asset Allocation
NYLIM VP Equity Allocation-Initial Class
 
Adviser: New York Life Investments
0.69%
13.98%
8.17%
9.34%
Sector
NYLIM VP Fidelity Institutional AM®
Utilities-Initial Class
 
Adviser: New York Life Investments
 
Subadviser: FIAM LLC
0.68%
13.79%
12.34%
10.97%
Non-Investment Grade
Bond
NYLIM VP Floating Rate-Initial Class
 
Adviser: New York Life Investments
 
Subadviser: NYLI
0.64%
5.13%
5.43%
5.01%
Asset Allocation
NYLIM VP Growth Allocation-Initial
Class
 
Adviser: New York Life Investments
0.64%
12.52%
7.33%
8.32%
Alternatives
NYLIM VP Hedge Multi-Strategy-Initial
Class
 
Adviser: New York Life Investments
1.01%*
8.05%
2.92%
2.07%
-11
Portfolio Type
Portfolio and Adviser/Subadviser
Current
Expenses
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Asset Allocation
NYLIM VP Income Builder-Initial Class
 
Adviser: New York Life Investments
 
Subadvisers: Epoch and MacKay Shields
LLC ("MacKay")
0.63%*
16.99%
6.56%
7.40%
Asset Allocation
NYLIM VP Janus Henderson
Balanced-Initial Class
 
Adviser: New York Life Investments
 
Subadviser: Janus Henderson Investors
US LLC ("Janus")
0.58%
15.05%
8.58%
10.19%
Non-Investment Grade
Bond
NYLIM VP MacKay Convertible-Initial
Class
 
Adviser: New York Life Investments
 
Subadviser: MacKay
0.59%
16.40%
5.60%
10.38%
Non-Investment Grade
Bond
NYLIM VP MacKay High Yield Corporate
Bond-Initial Class
 
Adviser: New York Life Investments
 
Subadviser: MacKay
0.59%*
6.87%
4.44%
6.14%
Non-Investment Grade
Bond
NYLIM VP MacKay Strategic
Bond-Initial Class
 
Adviser: New York Life Investments
 
Subadviser: MacKay
0.65%
8.87%
3.98%
4.40%
Investment Grade Bond
NYLIM VP MacKay U.S. Infrastructure
Bond-Initial Class
 
Adviser: New York Life Investments
 
Subadviser: MacKay
0.57%
8.44%
0.10%
1.38%
Large Cap Equity
NYLIM VP MFS® Investors Trust-Initial
Class
 
Adviser: New York Life Investments
 
Subadviser: Massachusetts Financial
Services Company ("MFS")
0.75%
N/A
N/A
N/A
Large Cap Equity
NYLIM VP MFS® Research-Initial Class
 
Adviser: New York Life Investments
 
Subadviser: MFS
0.76%
N/A
N/A
N/A
-12
Portfolio Type
Portfolio and Adviser/Subadviser
Current
Expenses
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Asset Allocation
NYLIM VP Moderate Allocation-Initial
Class
 
Adviser: New York Life Investments
0.58%
11.30%
5.62%
6.88%
Sector
NYLIM VP Natural Resources-Initial
Class
 
Adviser: New York Life Investments
 
Subadviser: Newton Investment
Management North America, LLC
("NIMNA")
0.85%
15.20%
17.27%
10.88%
Sector
NYLIM VP Newton Technology
Growth-Initial Class
 
Adviser: New York Life Investments
 
Subadviser: NIMNA
0.78%*
N/A
N/A
N/A
Investment Grade Bond
NYLIM VP PIMCO Real Return-Initial
Class
 
Adviser: New York Life Investments
 
Subadviser: Pacific Investment
Management Company LLC ("PIMCO")
1.09%*
8.16%
1.36%
3.29%
International/Global Equity
NYLIM VP PineStone International
Equity-Initial Class
 
Adviser: New York Life Investments
 
Subadviser: PineStone Asset
Management Inc.
0.86%
12.29%
0.20%
5.44%
Large Cap Equity
NYLIM VP S&P 500 Index-Initial Class
 
Adviser: New York Life Investments
0.12%*
17.72%
14.28%
14.63%
Small/Mid Cap Equity
NYLIM VP Schroders Mid Cap
Opportunities-Initial Class
 
Adviser: New York Life Investments
 
Subadviser: Schroder Investment
Management North America
0.83%*
7.27%
5.05%
7.39%
Small/Mid Cap Equity
NYLIM VP Small Cap Growth-Initial
Class
 
Adviser: New York Life Investments
 
Subadvisers: Brown Advisory, LLC and
Segall Bryant & Hamill, LLC
0.86%
4.89%
1.64%
8.95%
-13
Portfolio Type
Portfolio and Adviser/Subadviser
Current
Expenses
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Money Market
NYLIM VP U.S. Government Money
Market-Initial Class
 
Adviser: New York Life Investments
 
Subadviser: NYLI
0.28%*
4.05%
3.02%
1.89%
Large Cap Equity
NYLIM VP Wellington Growth-Initial
Class**
 
Adviser: New York Life Investments
 
Subadviser: Wellington
0.73%
17.06%
10.37%
13.45%
Small/Mid Cap Equity
NYLIM VP Wellington Small Cap-Initial
Class
 
Adviser: New York Life Investments
 
Subadviser: Wellington
0.75%*
9.53%
5.93%
7.41%
Large Cap Equity
NYLIM VP Winslow Large Cap
Growth-Initial Class
 
Adviser: New York Life Investments
 
Subadviser: Winslow Capital
Management, Inc.
0.75%
14.35%
12.69%
16.14%
Small/Mid Cap Equity
AB VPS Discovery Value Portfolio-Class
A
 
Adviser: AllianceBernstein L.P. ("AB")
0.82%
2.89%
8.75%
8.55%
Large Cap Value
AB VPS Relative Value Portfolio-Class
A
 
Adviser: AB
0.59%*
10.47%
11.42%
10.57%
Asset Allocation
American Funds® IS Asset Allocation
Fund-Class 2
 
Adviser: Capital Research and
Management CompanySM ("CRMC")
0.54%
15.85%
8.97%
9.77%
Investment Grade Bond
American Funds® IS The Bond Fund of
America®-Class 2
 
Adviser: CRMC
0.47%*
7.26%
(0.14)%
2.36%
Investment Grade Bond
American Funds® IS Capital World Bond
Fund®-Class 2
 
Adviser: CRMC
0.73%
9.39%
(2.50)%
1.23%
-14
Portfolio Type
Portfolio and Adviser/Subadviser
Current
Expenses
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Large Cap Equity
American Funds® IS Growth
Fund-Class 2
 
Adviser: CRMC
0.58%
20.24%
13.37%
17.97%
Large Cap Equity
American Funds® IS Growth-Income
Fund-Class 2
 
Adviser: CRMC
0.53%
18.06%
13.90%
13.92%
Sector
American Funds® IS New World
Fund®-Class 2
 
Adviser: CRMC
0.82%*
28.29%
5.33%
9.25%
International/Global Equity
American Funds® IS SMALLCAP World
Fund® (formerly American Funds® IS
Global Small Capitalization Fund)-Class
2
 
Adviser: CRMC
0.90%*
14.64%
0.49%
7.23%
Investment Grade Bond
American Funds® IS U.S. Government
Securities Fund®-Class 2
 
Adviser: CRMC
0.50%*
7.75%
(0.23)%
1.70%
Large Cap Equity
American Funds® IS Washington Mutual
Investors Fund-Class 2
 
Adviser: CRMC
0.50%*
17.21%
13.89%
12.36%
Asset Allocation
BlackRock® Global Allocation V.I.
Fund-Class I
 
Adviser: BlackRock Advisors, LLC
("BlackRock")
 
Subadviser: BlackRock (Singapore)
Limited and BlackRock International
Limited
0.76%*
19.80%
5.79%
7.59%
Non-Investment Grade
Bond
BlackRock® High Yield V.I. Fund-Class I
 
Adviser: BlackRock
 
Subadviser: BlackRock International
Limited
0.54%*
9.19%
4.79%
6.31%
-15
Portfolio Type
Portfolio and Adviser/Subadviser
Current
Expenses
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Large Cap Equity
BNY Mellon Sustainable U.S. Equity
Portfolio-Initial Shares
 
Adviser: BNY Mellon Investment Adviser,
Inc.
 
Subadviser: Newton Investment
Management Limited
0.66%
15.97%
11.93%
13.56%
Sector
Columbia Variable Portfolio-Commodity
Strategy Fund-Class 1**
 
Adviser: Columbia Management
Investment Advisers, LLC ("Columbia")
 
Subadviser: Threadneedle International
Limited
0.75%*
15.48%
12.76%
6.75%
Non-Investment Grade
Bond
Columbia Variable Portfolio-Emerging
Markets Bond Fund-Class 1
 
Adviser: Columbia
0.75%*
12.78%
1.70%
4.28%
Investment Grade Bond
Columbia Variable Portfolio-
Intermediate Bond Fund-Class 1
 
Adviser: Columbia
0.52%
9.06%
(0.43)%
2.77%
Investment Grade Bond
Columbia Variable Portfolio-Small
Company Growth Fund-Class 1
 
Adviser: Columbia
0.87%*
21.69%
3.59%
15.19%
Alternatives
DWS Alternative Asset Allocation
VIP-Class A
 
Adviser: DWS Investment Management
Americas Inc. ("DIMA")
 
Subadviser: RREEF America LLC
0.93%
10.50%
5.29%
4.89%
Small/Mid Cap Equity
DWS Small Cap Index VIP-Class A
 
Adviser: DIMA
 
Subadviser: Northern Trust Investments,
Inc.
0.37%*
12.64%
5.84%
9.33%
Small/Mid Cap Equity
DWS Small Mid Cap Value VIP-Class A
 
Adviser: DIMA
0.80%*
18.21%
9.66%
7.57%
-16
Portfolio Type
Portfolio and Adviser/Subadviser
Current
Expenses
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Investment Grade Bond
Fidelity® VIP Bond Index Portfolio-Initial
Class
 
Adviser: Fidelity Management &
Research Company ("FMR")
 
Subadvisers: Other investment advisers
0.14%
6.98%
(0.57)%
N/A
Large Cap Equity
Fidelity® VIP ContrafundSM
Portfolio-Initial Class
 
Adviser: FMR
 
Subadvisers: Other investment advisers
0.54%
21.52%
15.37%
15.78%
International/Global Equity
Fidelity® VIP Emerging Markets
Portfolio-Initial Class
 
Adviser: FMR
 
Subadvisers: Other investment advisers
0.87%
41.20%
5.88%
10.93%
Large Cap Equity
Fidelity® VIP Equity-Income
PortfolioSM-Initial Class
 
Adviser: FMR
 
Subadvisers: Other investment advisers
0.46%
19.02%
12.51%
11.60%
Small/Mid Cap Equity
Fidelity® VIP Extended Market Index
Portfolio-Initial Class
 
Adviser: FMR
 
Subadviser: Geode Capital Management,
LLC ("Geode")
0.12%
12.32%
8.02%
N/A
Asset Allocation
Fidelity® VIP Freedom 2020
PortfolioSM-Initial Class
 
Adviser: FMR
0.44%
13.33%
4.84%
7.38%
Asset Allocation
Fidelity® VIP Freedom 2030
PortfolioSM-Initial Class
 
Adviser: FMR
0.49%
15.52%
6.25%
8.88%
Asset Allocation
Fidelity® VIP Freedom 2040
PortfolioSM-Initial Class
 
Adviser: FMR
0.57%
18.79%
9.01%
10.87%
-17
Portfolio Type
Portfolio and Adviser/Subadviser
Current
Expenses
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Large Cap Equity
Fidelity® VIP Growth Opportunities
Portfolio-Initial Class
 
Adviser: FMR
 
Subadvisers: Other investment advisers
0.56%
22.02%
11.31%
19.94%
Sector
Fidelity® VIP Health Care Portfolio-Initial
Class
 
Adviser: FMR
 
Subadvisers: Other investment advisers
0.59%
14.39%
4.18%
8.75%
International/Global Equity
Fidelity® VIP International Capital
Appreciation Portfolio-Initial Class
 
Adviser: FMR
 
Subadviser: FIL Investment Advisors
0.78%
18.69%
6.26%
9.81%
International/Global Equity
Fidelity® VIP International Index
Portfolio-Initial Class
 
Adviser: FMR
 
Subadviser: Geode
0.16%
33.15%
8.02%
N/A
Investment Grade Bond
Fidelity® VIP Investment Grade Bond
Portfolio-Initial Class
 
Adviser: FMR
 
Subadvisers: Other investment advisers
0.37%
7.22%
0.06%
2.71%
Small/Mid Cap Equity
Fidelity® VIP Mid Cap Portfolio-Initial
Class
 
Adviser: FMR
 
Subadvisers: Other investment advisers
0.55%
11.75%
10.10%
10.59%
Sector
Franklin Gold and Precious Metals VIP
Fund-Class 1
 
Adviser: Franklin Advisers, Inc.
("Franklin")
0.70%*
N/A
N/A
N/A
Asset Allocation
Franklin Templeton Aggressive Model
Portfolio-Class I
 
Adviser: Franklin Templeton Fund
Adviser, LLC ("FTFA")
 
Subadviser: Franklin
0.63%
17.30%
10.41%
N/A
-18
Portfolio Type
Portfolio and Adviser/Subadviser
Current
Expenses
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Asset Allocation
Franklin Templeton Conservative Model
Portfolio-Class I
 
Adviser: FTFA
 
Subadviser: Franklin
0.60%
9.39%
2.92%
N/A
Asset Allocation
Franklin Templeton Moderate Model
Portfolio-Class I
 
Adviser: FTFA
 
Subadviser: Franklin
0.57%
13.56%
6.76%
N/A
Asset Allocation
Franklin Templeton Moderately
Aggressive Model Portfolio-Class I
 
Adviser: FTFA
 
Subadviser: Franklin
0.57%
15.29%
8.12%
N/A
Asset Allocation
Franklin Templeton Moderately
Conservative Model Portfolio-Class I
 
Adviser: FTFA
 
Subadviser: Franklin
0.57%
11.76%
5.17%
N/A
International/Global Equity
Goldman Sachs VIT International Equity
Insights Fund-Institutional Class
 
Adviser: Goldman Sachs Asset
Management, L.P.
0.80%*
6.12%
5.46%
4.88%
International/Global Equity
Invesco V.I. EQV International Equity
Fund-Series I Shares
 
Adviser: Invesco Advisers, Inc.
("Invesco")
0.90%
16.50%
3.68%
6.22%
Small/Mid Cap Equity
Invesco V.I. Main Street Small Cap
Fund®-Series I Shares
 
Adviser: Invesco
0.84%
8.70%
8.34%
10.59%
Small/Mid Cap Equity
Janus Henderson Enterprise
Portfolio-Institutional Shares
 
Adviser: Janus
0.72%
7.67%
7.62%
12.79%
International/Global Equity
Janus Henderson Global Research
Portfolio-Institutional Shares
 
Adviser: Janus
0.82%
20.92%
12.51%
12.93%
-19
Portfolio Type
Portfolio and Adviser/Subadviser
Current
Expenses
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
Investment Grade Bond
Lord Abbett Series Fund, Inc.-Short
Duration Income Portfolio-Class I
 
Adviser: Lord, Abbett & Co. LLC
0.47%*
N/A
N/A
N/A
Large Cap Equity
LVIP ClearBridge Appreciation
Fund-Standard Class (formerly
ClearBridge Variable Appreciation
Portfolio-Class I)
 
Adviser: Lincoln Financial Investments
Corporation ("LFIC")
 
Subadviser: ClearBridge Investments,
LLC
0.70%*
14.50%
12.72%
13.34%
Small/Mid Cap Equity
LVIP SSgA Mid-Cap Index
Fund-Standard Class
 
Adviser: LFIC
 
Subadviser: SSgA Funds Management,
Inc.
0.35%*
13.55%
9.94%
9.31%
International Equity
MFS® International Intrinsic Equity
Portfolio (formerly MFS® International
Intrinsic Value Portfolio)-Initial Class
 
Adviser: MFS
0.89%*
33.26%
7.28%
9.95%
Mid Cap Equity
MFS® Mid Cap Value Portfolio-Initial
Class
 
Adviser: MFS
0.79%*
5.98%
10.18%
9.95%
Small/Mid Cap Equity
MFS® New Discovery Series-Initial
Class
 
Adviser: MFS
0.87%*
12.96%
(0.28)%
10.74%
Foreign Large Blend
MFS® Research International
Portfolio-Initial Class
 
Adviser: MFS
0.90%*
22.05%
5.51%
7.54%
Small/Mid Cap Equity
Neuberger Berman AMT Mid Cap Growth
Portfolio-Class I
 
Adviser: Neuberger Berman Investment
Advisers LLC
0.86%*
5.45%
4.47%
10.96%
-20
Portfolio Type
Portfolio and Adviser/Subadviser
Current
Expenses
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
International/Global Equity
Nomura VIP Emerging Markets Series
(formerly Macquarie VIP Emerging
Markets Series)-Standard Class
 
Adviser: Delaware Management
Company, a series of Nomura Investment
Management Business Trust
1.16%*
81.26%
8.81%
12.17%
Small/Mid Cap Equity
Nomura VIP Small Cap Value Series
(formerly Macquarie VIP Small Cap Value
Series)-Standard Class
 
Adviser: Delaware Management
Company, a series of Nomura Investment
Management Business Trust
0.74%
8.16%
9.26%
9.15%
Investment Grade Bond
PIMCO VIT Income
Portfolio-Institutional Class
 
Adviser: PIMCO
0.77%
10.36%
3.57%
N/A
Investment Grade Bond
PIMCO VIT International Bond Portfolio
(U.S. Dollar-Hedged)-Institutional Class
 
Adviser: PIMCO
0.94%
4.10%
1.18%
3.04%
Investment Grade Bond
PIMCO VIT Low Duration
Portfolio-Institutional Class
 
Adviser: PIMCO
0.51%
5.68%
1.72%
1.94%
Investment Grade Bond
PIMCO VIT Short-Term
Portfolio-Institutional Class
 
Adviser: PIMCO
0.50%
4.83%
3.40%
2.91%
Investment Grade Bond
PIMCO VIT Total Return
Portfolio-Institutional Class
 
Adviser: PIMCO
0.58%
9.05%
0.16%
2.51%
Sector
Principal VC Real Estate Securities
Account-Class 1
 
Adviser: Principal Global Investors, LLC
 
Subadviser: Principal Real Estate
Investors, LLC
0.78%
1.24%
4.88%
5.94%
-21
Portfolio Type
Portfolio and Adviser/Subadviser
Current
Expenses
Average Annual Total Returns
(as of 12/31/2025)
1 Year
5 Year
10 Year
International/Global Equity
Putnam VT International Value
Fund-Class IA
 
Adviser: Putnam Investment
Management, LLC
 
Subadvisers: Franklin, Franklin
Templeton Investment Management
Limited and The Putnam Advisory
Company, LLC
0.81%
35.07%
12.77%
9.13%
Large Cap Equity
Voya Growth and Income
Portfolio-Class I
 
Adviser: Voya Investments, LLC
 
Subadviser: Voya Investment
Management Co. LLC ("Voya")
0.67%*
18.21%
15.46%
14.62%
Investment Grade Bond
Voya Intermediate Bond Portfolio -
Class I
 
Adviser: Voya
0.55%*
7.71%
0.15%
2.66%
Investment Grade Bond
Western Asset Core Plus VIT
Portfolio-Class I**
 
Adviser: FTFA
 
Subadvisers: Western Asset
Management Company, LLC; Western
Asset Management Company Limited;
Western Asset Management Company
Ltd.; and Western Asset Management
Company Pte. Ltd.
0.54%*
7.75%
(1.44)%
2.11%
*
Current Expenses take into account expense reimbursement or fee waiver arrangements in place that are generally expected to continue through April 30, 2027 and may be terminated at any time at the option of the Fund. Annual expenses for the Eligible Portfolios for the year ended December 31, 2025, reflect temporary fee reductions under such an arrangement.
**
Premiums or transfers will only be accepted into this fund from policyowners already invested in this fund. Policyowners who remove all Cash Value allocations from this fund will not be permitted to reinvest in this fund.
Eligible Portfolio Restrictions Applicable to the Guaranteed Minimum Accumulation Benefit Rider
To be eligible for the Guaranteed Minimum Accumulation Benefit Rider, you must allocate 100% of your Cash Value to any one (or more) of the following GMAB Allocation Alternatives:
NYLIM VP Balanced-Initial Class
NYLIM VP Bond-Initial Class
NYLIM VP Conservative Allocation-Initial Class
NYLIM VP Fidelity Institutional AM® Utilities-Initial Class
NYLIM VP Floating Rate-Initial Class
-22
NYLIM VP Growth Allocation-Initial Class
NYLIM VP Income Builder-Initial Class
NYLIM VP Janus Henderson Balanced-Initial Class
NYLIM VP MacKay Convertible-Initial Class
NYLIM VP MacKay High Yield Corporate Bond-Initial Class
NYLIM VP MacKay Strategic Bond-Initial Class
NYLIM VP MacKay U.S. Infrastructure Bond-Initial Class
NYLIM VP Moderate Allocation-Initial Class
NYLIM VP PIMCO Real Return-Initial Class
NYLIM VP U.S. Government Money Market-Initial Class
BlackRock® Global Allocation V.I. Fund-Class I
Franklin Templeton Conservative Model Portfolio-Class I
Fixed Account
DCA Plus Account
-23
This Summary Prospectus incorporates by reference the New York Life Variable Universal Life Accumulator (VUL) and New York Life Survivorship Variable Universal Life Accumulator (SVUL) full (statutory) prospectus and Statement of Additional Information (SAI), both dated May 1, 2026, as amended or supplemented. The full prospectus and SAI for the policy may be obtained, free of charge, in any manner shown on the front page of this summary prospectus.
The SEC EDGAR Contract Identifier for the VUL Accumulator Policy is C000058633.
The SEC EDGAR Contract Identifier for the SVUL Accumulator Policy is C000065290.
New York Life Ins & Annuity Var Univ Life Sep Acc I Corp published this content on April 09, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 09, 2026 at 17:46 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]