Updating Summary Prospectus (Form 497VPU)

Table of Contents 

	Page
Glossary	1
Updated Information About Your Contract	3
Important Information You Should Consider About the Policy	4
Appendix: Eligible Portfolios Available Under the Policy	11

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.

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.

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.

LTR: Level Term Rider.

Monthly Deduction Charges: The Monthly Deduction Charges consist of the Cost of Insurance charge, additional Flat Extras, Mortality and Expense Risk Charge (under CorpExec VUL III/IV/V), Monthly Contract Charge, and any applicable monthly rider charges deducted from your Policy's Cash Value.

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.

Planned Premium: The initial Premium and the Premium amounts for Policy Years 2-10 as set forth in the Policy application and/or on Policy Data Page 2.

Policy or CorpExec VUL: The four-policy series of the NYLIAC Corporate Executive Series Variable Universal Life Insurance Policies: CorpExec VUL II, CorpExec VUL III, CorpExec VUL IV, and CorpExec VUL V.

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 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.

STR: Supplementary Term Rider.

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

Term Insurance Benefit: The dollar amount of life insurance under a term rider as determined at the time of issue. It equals the initial Term Face Amount shown on the Policy Data Pages, plus or minus any changes made to the initial Term Face Amount.

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 July 28, 2025, all references to Neuberger Berman AMT Sustainable Equity Portfolio - Class I were deleted and replaced with Neuberger Berman AMT Quality Equity Portfolio - Class I.

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 International Series") was closed at the close of business on or about August 22, 2025 (the "Hard Close Date") and the Victory International 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 International 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 International Series as of such date, we transferred the Cash Value allocated to the Victory International 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; (2) Macquarie VIP Small Cap Value Series-Standard Class to Nomura VIP Small Cap Value Series-Standard Class; and (3) Macquarie VIP International Core Equity Series-Standard Class to Nomura VIP International Core Equity 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.

Effective December 31, 2025, all references to BNY Mellon VIF Opportunistic Small Cap Portfolio-Initial Shares were deleted and replaced with BNY Mellon VIF Small Cap Portfolio-Initial Class.

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 Cash Value allocations from these Investment Divisions will not be permitted to reinvest in these Investment Divisions.

The names of the following Eligible Portfolios 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.

 

 

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.
Not a Short-Term Investment	The Policy is not a short-term investment and is not appropriate for an investor who needs ready access to cash. It is designed to provide a life insurance benefit and to help meet other long-term financial objectives. Substantial fees, expenses, and tax consequences make variable life insurance inappropriate as a short-term savings vehicle. Additionally, the Policy may limit your ability to withdraw a portion of the Cash Value through partial withdrawals or loans. See "Summary of Principal Risks of Investment in the Policy-Not a Short-Term Investment," "Loans," and "Surrenders-Partial Withdrawals-Amount Available for a Partial Surrender" in the Prospectus.
Risks Associated with Investment Options	An investment in the Policy is subject to the risk of poor investment performance and can vary depending on the performance of the investment options you select. Each Allocation Alternative (including the Fixed Account) has its own unique risks. The performance of the Eligible Portfolios will vary, and some are riskier than others. Accordingly, you should review the prospectuses of the Eligible Portfolios before making an investment decision. 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/ corpexec-ii-v. See also "Management and Organization-Funds and Eligible Portfolios," "-The Fixed Account," and "-Interest Crediting" in the Prospectus.
Insurance Company Risks	An investment in the Policy is subject to the risks related to NYLIAC, including that any obligations (including the Fixed Account), guarantees, or benefits under the Policy are subject to the claims-paying ability and financial strength of NYLIAC and are not backed or guaranteed by NYLIC. If NYLIAC experiences financial distress, it may not be able to meet its obligations to you. There are also risks relating to NYLIAC's administration of the Policy including cybersecurity and infectious disease outbreak risks. More information about NYLIAC, including its claims-paying and financial strength ratings, is available upon request by contacting our Service Office at (888) 695-4748, faxing us at (913) 906-4129, or emailing us at [email protected].

 

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 Portfolios 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, 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." For more information about the Eligible Portfolios' rights to refuse or restrict purchases and redemptions of their shares, see their prospectuses. 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 our 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

The Supplementary Term Rider is not available for Policies under the guideline premium test. There are limitations on the benefit amounts associated with some optional benefits. Activation of certain optional benefits may affect the Face Amount, life insurance proceeds or other rights under the policy. You are required to have a minimum Cash Value to elect, or retain access to, certain optional benefits. Some optional benefits may have tax implications. 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 Riders and Options" in the Prospectus.

 

Taxes

 

 

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. These compensation arrangements may have the potential to influence the recommendations made by your registered representative or broker-dealer. See "Distribution and Compensation Arrangements" in the Prospectus." The Policy offers a choice of three Life Insurance Benefit Options. (See "Policy Payment Information-Life Insurance Benefit Options.") The Life Insurance Benefit Option you choose will affect the amount of your Policy's Target Premium through its constituent Face Amount. As Target Premium affects the amount of compensation received by your registered representative, your choice of Life Insurance Benefit Option may have the potential to influence the recommendation made by your registered representative or broker-dealer as to the Face Amount that will form part of the Life Insurance Benefit Option you choose. If your Policy includes the LTR/STR, the blend of base Policy life insurance coverage and term rider life insurance coverage affects the compensation paid to your registered representative for selling you the Policy. Generally, agents receive higher compensation for sales of the same Life Insurance Benefit through base Policy coverage than for sales of LTR/STR coverage. This could influence your registered representative's advice to you about the relative amounts of base Policy and term insurance coverage you should purchase. See "Description of the Policy-Additional Benefits Through Riders and Options" and "Distribution and Compensation Arrangements" 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 II-V 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 II-V Policy. It may not be to your advantage to borrow money to purchase a Policy or to take partial surrenders from another policy you own to make Premium payments under this CorpExec VUL II-V Policy. See "Description of the Policy-Tax-Free "Section 1035" Insurance Policy Exchanges."

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. 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/corpexec-ii-v. 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%
International/Global Equity	NYLIM VP Candriam Emerging Markets Equity (formerly NYLI VP Candriam Emerging Markets Equity)-Initial Class**   Adviser: New York Life Investments / Sub-Adviser: Candriam	1.20%	35.88%	2.77%	7.65%
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%
Large Cap Equity	NYLIM VP Epoch U.S. Equity Yield (formerly NYLI VP Epoch U.S. Equity Yield)-Initial Class   Adviser: New York Life Investments / Sub-Adviser: Epoch Investment Partners, Inc.	0.68%	14.24%	12.02%	9.96%

Type	Eligible Portfolio and Advisers/Sub-Adviser	Current Expenses	Average Annual Total Returns (as of 12/31/2025)
			1 year	5 year	10 year
Small/Mid Cap Equity	Voya MidCap Opportunities Portfolio-Class I   Adviser: Voya / Sub-Adviser: VIM	0.82%	3.90%	4.55%	10.97%
Small/Mid Cap Equity	Voya RussellTM Mid Cap Index Portfolio-Class I   Adviser: Voya / Sub-Adviser: VIM	0.40%	10.08%	8.26%	10.59%
Small/Mid Cap Equity	Voya Small Company Portfolio-Class I   Adviser: Voya / Sub-Adviser: VIM	0.87%	8.59%	6.26%	8.39%
Small/Mid Cap Equity	VY® JPMorgan Mid Cap Value Portfolio-Class I   Adviser: Voya / Sub-Adviser: JPMIM	0.85%	4.63%	9.53%	8.75%
Small/Mid Cap Equity	VY® JPMorgan Small Cap Core Equity Portfolio-Class I   Adviser: Voya / Sub-Adviser: JPMIM	0.89%	3.86%	4.89%	9.04%
International/Global Equity	VY® Morgan Stanley Global Franchise Portfolio-Class R6   Adviser: Voya / Sub-Adviser: MSIM	0.89%	0.33%	5.06%	N/A
Asset Allocation	VY® T. Rowe Price Capital Appreciation Portfolio-Class I   Adviser: Voya / Sub-Adviser: T. Rowe Price Investment Management	0.65%	12.32%	9.49%	11.32%
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

to reinvest in this Investment Division.

Table of Contents 

	Page
Glossary	1
Updated Information About Your Contract	3
Important Information You Should Consider About the Policy	4
Appendix: Eligible Portfolios Available Under the Policy	9

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.

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.

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 Monthly Deduction Charges consist of the Cost of Insurance charge, additional Flat Extras, Mortality and Expense Risk Charge, Monthly Contract Charge, and any applicable monthly rider charges deducted from your Policy's Cash Value on each Monthly Deduction Day.

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.

Mortality and Expense Risk Charge: A monthly charge that is assessed to cover the risk that the group of lives we have insured under our Policies will, on average, 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).

Planned Premium: The initial Premium and the Premium amounts for Policy Years 2-10 as set forth in the Policy application and/or on Policy Data Page 2.

Policy or Corp Exec VUL VI:Your Corp Exec VUL VI 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 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.

STR: Supplementary Term Rider.

Target Premium: An amount used to determine the Sales 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 July 28, 2025, all references to Neuberger Berman AMT Sustainable Equity Portfolio-Class I were deleted and replaced with Neuberger Berman AMT Quality Equity Portfolio-Class I.

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; (2) Macquarie VIP Small Cap Value Series-Standard Class to Nomura VIP Small Cap Value Series-Standard Class; and (3) Macquarie VIP International Core Equity Series-Standard Class to Nomura VIP International Core Equity 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 Cash Value allocations from these Investment Divisions will not be permitted to reinvest in these Investment Divisions.

The names of the following Eligible Portfolios 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 Sales Expense Charge, State Premium Tax Charge, and Federal Premium Tax Charge on each Premium you pay up to Attained Age 100. The Sales Expense Charges will differ according to the blend of base Policy and term rider life insurance coverage that you can obtain under the Supplementary Term Rider. See "Charges Associated with the Policy-Deductions from Premium Payments" in the Prospectus for more information. We may also charge you a Fund 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, Flat Extras charges (added to the Cost of Insurance charge to cover certain additional mortality risk) and term rider charges. These charges may vary based on the characteristics of the Insured (e.g., issue age, gender, underwriting class, Policy Year, and the Face Amount and Life Insurance Benefit Option of your Policy). See "Charges Associated with the Policy-Deductions from Cash Value-Cost of Insurance Charge" and "Description of the Policy-Additional Benefits through Riders and Options" in the Prospectus. We also charge a Mortality and Expense Risk Charge and a Monthly Contract Charge. See "Charges Associated with the Policy-Deductions from Cash Value" and "-Loan Charges" in the Prospectus. You should review the Policy Data Pages of your Policy for rates and the specific fees applicable to your Policy. 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)	0.09%	2.475%

 

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.
Not a Short-Term Investment	The Policy is not a short-term investment and is not appropriate for an investor who needs ready access to cash. It is designed to provide a life insurance benefit and to help meet other long-term financial objectives. Substantial fees, expenses, and tax consequences generally make variable life insurance inappropriate as a short-term savings vehicle. Additionally, the Policy may limit your ability to withdraw a portion of the Cash Value through partial surrenders. See "Summary of Principal Risks of Investment in the Policy-Not a Short-Term Investment," "Loans," and "Surrenders-Partial Surrenders-Amount Available for a Partial Surrender" in the Prospectus.
Risks Associated with Investment Options	An investment in the Policy is subject to the risk of poor investment performance and can vary depending on the performance of the investment options you select. Each Allocation Alternative (including the Fixed Account) has its own unique risks. The performance of the Eligible Portfolios will vary, and some are riskier than others. Accordingly, you should review the prospectuses for the Eligible Portfolios before making an investment decision. 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/ corpexec-vi. See also "Management and Organization-Funds and Eligible Portfolios," "-The Fixed Account," and "-Interest Crediting" in the Prospectus.

Insurance Company Risks

An investment in the Policy is subject to the risks related to NYLIAC, including that any obligations (including the Fixed Account), guarantees, or benefits under the Policy are subject to the claims-paying ability and financial strength of NYLIAC and are not backed or guaranteed by NYLIC. If NYLIAC experiences financial distress, it may not be able to meet its obligations to you. There are also risks relating to NYLIAC's administration of the Policy including cybersecurity and infectious disease outbreak risks. More information about NYLIAC, including its claims-paying and financial strength ratings, is available upon request by contacting our Service Office at (888) 695-4748, faxing us at (913) 906-4129, or emailing us at [email protected].

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. Your Policy will lapse if the Cash Surrender Value is insufficient to cover the Monthly Deduction Charges and you do not pay enough Premium to cover the overdue charges by the end of the Late Period under your Policy. This can happen in a number of circumstances, including minimal funding, partial surrenders, excessive Policy loans and interest, Policy charges (including increases in Policy charges), market fluctuations, and poor investment return of the Eligible Portfolios you select. The larger a Policy loan becomes relative to the Policy's Cash 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 payable, and the greater the risk of the Policy lapsing. A Policy that has a Cash Surrender Value just sufficient to cover Monthly Deduction Charges and other deductions, or that is otherwise minimally funded, is less likely to maintain its Cash Surrender Value due to market fluctuations and other performance-related risks. To continue to keep your Policy in force, Premium payments significantly higher than the Planned Premiums may be required. In addition, by paying only the minimum Premium required to keep the Policy in force, you may forego the opportunity to build up significant Cash Value in the Policy. If the Policy lapses, there are costs and Premium requirements associated with reinstatement of the Policy. See "Summary of Principal Risks of Investment in the Policy-Risk of Termination," "Termination and Reinstatement-Late Period" and "-Reinstatement Option" in the Prospectus. In some states, the Policy's Late Period and other lapse and reinstatement provisions may differ. For more information on state variations, ask your registered representative or see "State Variations" 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 Portfolios 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, 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 the Eligible Portfolios' rights to refuse or restrict purchases and redemptions of their shares, see their prospectuses. 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 our 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

The Supplementary Term Rider is not available for Policies under the guideline premium test. There are limitations on the benefit amounts associated with some optional benefits. Activation of certain optional benefits may affect the Face Amount, life insurance proceeds or other rights under the policy. You are required to have a minimum Cash Value to elect, or retain access to, certain optional benefits. Some optional benefits may have tax implications. 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 Riders and Options" 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. These compensation arrangements may have the potential to influence the recommendations made by your registered representative or broker-dealer. See "Distribution and Compensation Arrangements" in the Prospectus. The Policy offers a choice of three Life Insurance Benefit Options. (See "Policy Payment Information-Life Insurance Benefit Options" in the Prospectus.) The Life Insurance Benefit Option you choose will affect the amount of your Policy's Target Premium through its constituent Face Amount. As Target Premium affects the amount of compensation received by your registered representative, your choice of Life Insurance Benefit Option may have the potential to influence the recommendation made by your registered representative or broker-dealer as to the Face Amount that will form part of the Life Insurance Benefit Option you choose. If your Policy includes a Supplementary Term Rider, the blend of base Policy life insurance coverage and STR life insurance coverage affects the compensation paid to your registered representative for selling you the Policy. Generally, agents receive higher compensation for sales of the same Life Insurance Benefit through base Policy coverage than for sales of STR coverage. This could influence your registered representative's advice to you about the relative amounts of base Policy and term insurance coverage you should purchase. See "Description of the Policy-Additional Benefits Through Riders and Options" and "Distribution and Compensation Arrangements" 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 Corp Exec VUL VI 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 Corp Exec VUL VI Policy. It may not be to your advantage to borrow money to purchase a Policy or to take partial surrenders from another policy you own to make Premium payments under this Corp Exec VUL VI Policy. See "Description of the Policy-Tax-Free "Section 1035" Insurance Policy Exchanges."

Appendix: Eligible Portfolios Available Under the Policy

The following is a list of Eligible Portfolios available under Corp Exec VI VUL as of the date of this Prospectus. Generally, you may allocate your net Premiums or Cash Value among up to 20 Eligible Portfolios at any one time as well as to 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/corpexec-vi. 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-Advisers	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%
International/Global Equity	NYLIM VP Candriam Emerging Markets Equity (formerly NYLI VP Candriam Emerging Markets Equity)-Initial Class**   Adviser: New York Life Investments / Sub-Adviser: Candriam	1.20%	35.88%	2.77%	7.65%
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%
Large Cap Equity	NYLIM VP Epoch U.S. Equity Yield (formerly NYLI VP Epoch U.S. Equity Yield)-Initial Class   Adviser: New York Life Investments / Sub-Adviser: Epoch Investment Partners, Inc.	0.68%	14.24%	12.02%	9.96%