Prospectus by Investment Company (Form 497)

SUPPLEMENT DATED OCTOBER 1, 2025 TO THE FOLLOWING

INITIAL SUMMARY PROSPECTUSES DATED MAY 1, 2025

New York Life Premier Variable Annuity II
New York Life Premier Variable Annuity - FP

Series

AND TO THE FOLLOWING PROSPECTUSES AND

UPDATING SUMMARY PROSPECTUSES DATED MAY 1, 2025

New York Life Premier Plus Variable Annuity II
New York Life Premier Variable Annuity
New York Life Premier Variable Annuity II
New York Life Premier Variable Annuity - FP Series
New York Life Premium Plus Elite Variable Annuity
New York Life Premium Plus II Variable Annuity
New York Life Premium Plus Variable Annuity

New York Life Variable Annuity

NYLIAC Variable Annuity Separate Account III

NYLIAC Variable Annuity Separate Account IV

This supplement amends the prospectuses, initial summary prospectuses, and updating summary prospectuses (each a "Prospectus," and together, the "Prospectuses") for the New York Life variable annuity policies listed above that are issued by New York Life Insurance and Annuity Corporation ("NYLIAC"). This supplement describes changes to a Portfolio available under such policies. 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 Prospectuses.

Macquarie Group Limited announced the sale of the U.S. and European public investments business of Macquarie Asset Management to Nomura Holding America Inc. ("Nomura"). Subject to the receipt of applicable regulatory approvals, the transaction is expected to close on or about October 31, 2025 (the "Closing Date"). As a result, the

following changes will become effective on or about the Closing Date: 

I. PORTFOLIO NAME CHANGE 

NAME CHANGE
Current Name	New Name
Macquarie VIP Small Cap Value Series - Service Class	Nomura VIP Small Cap Value Series - Service Class

 

II. ADVISER NAME CHANGE

The reference to "Delaware Management Company, a series of Macquarie Investment Management Business Trust," the adviser to the Portfolio listed above, in the APPENDIX of Portfolios Available Under the Policy of your Prospectus is deleted and replaced with "Delaware Management Company, a series of Nomura Investment

Management Business Trust."