Updating Summary Prospectus (Form 497VPU)

SUPPLEMENT DATED DECEMBER 17, 2025

To the Prospectuses and Summary Prospectuses dated May 1, 2025, as amended, for
New York Life Insurance and Annuity Corporation ("NYLIAC")
Corporate Executive Series Variable Universal Life Insurance Policies

CorpExec VUL II-V ("CEVUL II-V")

INVESTING IN
NYLIAC Corporate Sponsored Variable Universal Life Separate Account−I

This supplement amends the prospectuses and updating summary prospectuses, as amended (each a "Prospectus," and together, the "Prospectuses") for the variable universal life policies referenced above offered through the NYLIAC Corporate Sponsored Variable Universal Life Separate Account-I. 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.

Effective on or about December 31, 2025, all references to BNY Mellon VIF Opportunistic Small Cap Portfolio - Initial Shares in your Prospectus will be deleted and replaced with BNY Mellon VIF Small Cap Portfolio - Initial Shares.

The other sections of your Prospectus remain unchanged.

 

New York Life Insurance and Annuity Corporation
(a Delaware Corporation)
51 Madison Avenue
New York, New York 10010