Form 497VPU MEMBERS Life Insurance

April 10, 2025 12:08 PM EDT
TruStage™ Horizon II Annuity
MEMBERS Horizon Variable Separate Account
Issued by:
MEMBERS Life Insurance Company
UPDATING SUMMARY PROSPECTUS FOR EXISTING INVESTORS
DATED MAY 1, 2025
This Updating Summary Prospectus summarizes key features of the TruStage™ Horizon II Annuity, an
individual or joint owned, flexible premium deferred annuity contract with variable and index-linked
investment options. This prospectus also provides a summary of any Contract features that have
changed.
The prospectus for the Contract contains more information about the Contract’s features, benefits, and
risks. You can find this document and other information about the Contract online at https://
www.trustage.com/regulatory-documents. You can also obtain this information at no cost by calling
1-800-798-5500 or by emailing AnnuityAndPRTManagersMail@trustage.com.
Additional information about certain investment products, including index-linked and variable annuities,
has been prepared by the Securities and Exchange Commission’s staff and is available at investor.gov/.
Neither the SEC nor any state securities commission has approved or disapproved of these
securities or determined if this Prospectus is truthful or complete. Any representation to the
contrary is a criminal offense.
TABLE OF CONTENTS
APPENDIX:  ALLOCATION OPTIONS AVAILABLE UNDER THE CONTRACT
A-1
2
GLOSSARY
Accumulation Period – The phase of the Contract that begins on the Contract Issue Date and ends on
the Payout Date, or the date the Contract is terminated if earlier.
Annual Free Withdrawal Amount – The amount that can be withdrawn without incurring a Surrender
Charge each Contract Year. It is equal to 10% of the Contract Value determined at the beginning of the
Contract Year.
Bailout Rate – A specific rate that applies to the Bailout Provision.
Bailout Provision – If the Cap for your Risk Control Account is set below the Bailout Rate prominently
displayed on your Contract Data Page, the Bailout Provision allows you to transfer the Risk Control
Account Value from that Risk Control Account during the 30-day period following the Risk Control Account
Anniversary. A Market Value Adjustment will not apply to such transfer.
Cap – The maximum annual Index Return the Company will use in calculating interest credited to Risk
Control Account Value for a Risk Control Account Year. The Cap does not reflect deduction of the Contract
Fee.
Company – MEMBERS Life Insurance Company; also referred to as “we”, “our” and “us”.
Contract – The TruStage™ Horizon II Annuity, an individual or joint owned, flexible premium deferred
variable and index-linked annuity contract issued by MEMBERS Life Insurance Company.
Contract Anniversary – The same day and month as the Contract Issue Date for each year the Contract
remains in force. If a Contract Anniversary does not fall on a Business Day, any transactions required as
of that date will be processed on the next Business Day but will be effective as of that Contract
Anniversary.
Contract Fee – A fee assessed against Contract Value allocated to the Variable Subaccounts and the
Risk Control Accounts. The Contract Fee is shown on your Data Page. The portion of the fee assessed to
the Variable Subaccounts equals a percentage of the average daily value of the assets of the Variable
Subaccounts to which the Variable Subaccount Value is allocated. The portion of the fee assessed to the
Risk Control Accounts equals a percentage of the Accumulation Credit Factor for the Risk Control
Account at the start of a Risk Control Account Year. This fee compensates us for the expenses, expense
risk, and mortality risk assumed by us.
Contract Issue Date – The date we use to determine Contract Years and Contract Anniversaries. 
Contract Value – The total value of your Contract during the Accumulation Period. All values are
calculated as of the end of a Business Day.
Contract Year – Any twelve-month period beginning on the Contract Issue Date or Contract Anniversary
and continuing until the end of the day before the next Contract Anniversary.
Data Page – Pages attached to your Contract that describe certain terms applicable to your specific
Contract.
Death Benefit – The Return of Purchase Payment Death Benefit Endorsement is attached to this
Contract.  It provides a Death Benefit of the greater of Contract Value as of the date Death Benefits are
payable or total Purchase Payments adjusted for withdrawals. We do not apply the Surrender Charge or
Market Value Adjustment in determining the Death Benefit payable.
Floor – The minimum annual Index Return the Company will use in calculating interest credited to Risk
Control Account Value for the life of the Contract. The Floor does not reflect deduction of the Contract
Fee.
Fund – Each investment portfolio or any other open-end management investment company or unit
investment trust in which a Variable Subaccount invests.
3
Holding Account – An account that holds each Purchase Payment pending investment in a Risk Control
Account. The Holding Account cannot be elected as an Investment Option. There are two holding
accounts: a fixed Holding Account and a money market Holding Account. The fixed Holding Account is
part of our General Account and is used in all states where the Contract is available for sale except
Missouri. The money market Holding Account is a variable subaccount and is used only for Contracts
issued in the state of Missouri.
Index, Indices – The reference index (or indices) we use in determining interest credited to the Risk
Control Account Value.
Index Return – The change in the Index for the current Contract Year, adjusted for the Cap or Floor.
Investment Options – The choices available under this Contract for allocation of your Purchase
Payment(s) and Contract Value. Choices include the Risk Control Accounts (“Risk Control Account
Option”) and the Variable Subaccounts (“Variable Subaccount Option”).
Market Value Adjustment – The amount of an adjustment (increase or decrease) that may be applied to
a full surrender or partial withdrawal from a Risk Control Account, also referred to as the MVA.
Owner – The person(s) (or entity) who owns the Contract and whose death determines the Death Benefit.
The Owner is also the person(s) (or entity) who receives income payments during the Payout Period while
the Annuitant is living. If there are multiple Owners, each Owner will be a joint Owner of the Contract and
all references to Owner will mean joint Owners. The Owner has all rights, title and interest in the Contract.
The Owner may exercise all rights and options stated in the Contract, subject to the rights of any
Irrevocable Beneficiary or assignee. The Owner is also referred to as “you” or “your.”
Payout Date – The date the first income payment is paid from the Contract to the Owner.
Purchase Payment – Payment(s) made by or on behalf of the Owner for the Contract.
Qualified Contract – An annuity that is part of an individual retirement plan, pension plan or employer-
sponsored retirement program that is qualified for special treatment under the Internal Revenue Code.
Risk Control Account – An interest crediting option to which you may allocate your Contract Value. We
credit interest under each Risk Control Account based in part on the performance of a reference Index,
subject to a Cap and Floor. There are two types of Risk Control Accounts, the Secure Account and the
Growth Account. 
Risk Control Account Anniversary – The same day and month as a Risk Control Account Start Date for
each year of a Risk Control Account Period. If a Risk Control Account Anniversary does not fall on a
Business Day, any transactions required as of that date will be processed on the next Business Day.
Risk Control Account Daily Contract Fee – The Contract Fee divided by the number of days in the Risk
Control Account Year and then multiplied by the Accumulation Credit Factor for the Risk Control Account
at the start of a Risk Control Account Year.
Risk Control Account Maturity Date – The last day of a Risk Control Account Period. If a Risk Control
Account Maturity Date does not fall on a Business Day, any transactions required as of that date will be
processed on the next Business Day.
Risk Control Account Period – The period that begins on a Risk Control Account Start Date and ends
on a Risk Control Account Maturity Date. Each Risk Control Account Period is six years.
Risk Control Account Start Date – The first day of a Risk Control Account Period. It must be a date that
we offer as a Risk Control Account Start Date (as shown on your Contract Data Page). If a Risk Control
Account Start Date does not fall on a Business Day, any transactions required as of that date will be
processed on the next Business Day.
Risk Control Account Value – The amount of Contract Value in a Risk Control Account.
Risk Control Account Year – Any 12-month period beginning on a Risk Control Account Start Date or
Risk Control Account Anniversary and ending on the next Risk Control Account Anniversary.
4
SEC – The U.S. Securities and Exchange Commission.
Separate Account – A legally insulated investment account that is maintained separately from our
General Account. The Separate Account established for the variable portion of the Contract is registered
under the 1940 Act, while the Separate Account established for the index-linked aspect of the Contract is
not registered under the 1940 Act.
Surrender Charge – The charge associated with surrendering either some or all of the Contract Value.
Variable Separate Account – The Separate Account for the Variable Subaccounts.
Variable Subaccount – A subdivision of the Variable Separate Account, the assets of which are invested
in a corresponding Fund.
Variable Subaccount Value – The amount of Contract Value in a Variable Subaccount, including the
money market Holding Account.
UPDATED INFORMATION ABOUT YOUR CONTRACT
Below is a summary of certain Contract features that have changed since the prospectus dated May 1,
2024. This may not reflect all of the changes that have occurred since you entered into your Contract.
•The Morgan Stanley Variable Insurance Fund Global Infrastructure Portfolio liquidated on December
6, 2024. Contract Value in the Subaccount for the liquidated Fund was automatically transferred to the
Goldman Sachs VIT Government Money Market Fund Subaccount (the “Money Market Fund”). Any
automatic transaction that involved the liquidated Fund will involve the Money Market Fund instead.
•For Funds with “DFA” in the name, “DFA” is replaced with “Dimensional.”
•Putnam Investments Limited, a sub-advisor of the Putnam VT High Yield Fund, merged  into Franklin
Templeton Investment Management Limited.
KEY INFORMATION
IMPORTANT INFORMATION YOU SHOULD CONSIDER
ABOUT THE TRUSTAGE™ HORIZON II ANNUITY
FEES, EXPENSES, AND ADJUSTMENTS
Location in
Prospectus
Are There
Charges or
Adjustments for
Early
Withdrawals?
Yes. If you withdraw money from your Contract during the six
years following allocation of a Purchase Payment, you may be
assessed a Surrender Charge of up to 9% of the Purchase
Payment withdrawn in excess of the Annual Free Withdrawal
Amount. For example, if you were to surrender your Contract
during the first Contract Year, you could pay a surrender
charge of up to $8,100 on a $100,000 investment. This loss
will be greater if there is a negative Market Value Adjustment,
income taxes, or an additional tax.
Withdrawals and surrenders from Risk Control Accounts prior
to the Risk Control Account Maturity Date will be subject to a
Market Value Adjustment, which may be positive or negative.
In extreme circumstances, you could lose up to 100% of your
principal and previously credited interest if you take a
withdrawal or surrender your Contract, as a result of the
Market Value Adjustment. For example, if you allocate
$100,000 to a Risk Control Account and withdraw the entire
amount before the Risk Control Account Maturity Date, you
could lose all of your $100,000 investment.
Fee Table
Charges and
Adjustments
5
Are There
Transaction
Charges?
Yes. In addition to Surrender Charges and a Market Value
Adjustment, you may also be charged for other transactions,
such as transfers, wire transfers, use of express mail,
providing a duplicate contract, and information previously
provided to you that requires research on our part.
Fee Table
Charges and
Adjustments
Are There
Ongoing Fees and
Expenses?
Yes. The table below describes the fees and expenses that
you may pay each year, depending on the investment options 
you choose.
There is an implicit ongoing fee on the Risk Control
Accounts to the extent that the Cap limits your
participation in Index gains, which is not reflected in the
tables below. This means your returns may be lower than the
Index's returns; however, in exchange for accepting a Cap on
Index gains, you receive some protection from Index losses
through the Floor.
Please refer to your Data Page for information about the
specific fees you will pay each year based on the options you
have elected. 
Fee Table
Charges and
Adjustments
Annual Fee
Minimum
Maximum
Contract Fee (1)
1.50%
1.50%
Fund Fees and Expenses(2)
0.13%
2.29%
(1)As a percentage of average daily Variable Subaccount Value and as a
percentage of the Risk Control Account Value at the start of the Risk
Control Account Year, adjusted for any withdrawals. We do not assess a
Contract Fee against Contract Value held in the Holding Account.
(2)As a percentage of Fund assets.
Because your Contract is customizable, the choices you make
affect how much you will pay. To help you understand the cost
of owning your Contract, the following table shows the lowest
and highest cost you could pay each year, based on current
charges. This estimate assumes that you do not take
withdrawals from the Contract, which could add
Surrender Charges and a negative Market Value
Adjustment that substantially increase costs.
Lowest Annual Cost: $1,364
Highest Annual Cost: $3,095
Assumes:
•$100,000 investment
•5% annual appreciation
•Least expensive
combination of Fund fees
and expenses
•No additional purchase
payments, transfers or
withdrawals
•Assumes:
•$100,000 investment
•5% annual appreciation
•Most expensive combination
of Fund fees and expenses
•No additional purchase
payments, transfers or
withdrawals
RISKS
Location in
Prospectus
Is There a Risk of
Loss from Poor
Performance?
Yes. You can lose money by investing in the Contract,
including loss of principal and previously credited interest. You
bear the entire investment risk of any amounts you allocate to
the Variable Subaccounts. There is a risk of loss of principal
and previously credited interest with the Growth Account of up
to 10% (with a Floor of -10%) each Risk Control Account Year
due to negative Index performance.
Principal Risks of
Investing in the
Contract
6
Is this a Short-
Term Investment?
No. The Contract is not a short-term investment and is not
appropriate if you need ready access to cash. The benefits of
tax deferral mean that the Contract is more beneficial if you
have a long time horizon.
Withdrawals and surrenders may be subject to a Surrender
Charge, a Market Value Adjustment (which may be positive or
negative) and federal and state income taxes, and, if taken
before age 59½, a 10% additional tax. Withdrawals will also
reduce the Death Benefit, perhaps by significantly more than
the amount of the withdrawal.
During the Accumulation Period, we will automatically
rebalance your Contract Value among the Risk Control
Accounts and/or Variable Subaccounts at the end of specific
periods based on your most recent allocation instructions that
we have on file.
Principal Risks of
Investing in the
Contract
Charges and
Adjustments
Federal Income
Tax Matters
What Are the
Risks Associated
with the
Investment
Options?
An investment in the Contract is subject to the risk of poor
investment performance and can vary depending on the
performance of the Investment Options available under the
Contract. Each Investment Option, including the Holding
Account, the Risk Control Accounts, and the Variable
Subaccounts, has its own unique risks. You should review the
Investment Options carefully before making an investment
decision.
With respect to the Risk Control Accounts, the Cap will limit
positive Index returns. For example, if the Index performance
for a Risk Control Account Year is 12%, and the Cap is 4%, we
will credit 4% in interest at the end of that Risk Control
Account Year. You may earn less than the Index performance
as a result. The Floor will limit negative Index performance
and thereby provide limited protection in the case of a market
decline. For example, if the Index performance is -25% and
the Floor for the Growth Account is -10%, we will credit -10%
at the end of the Risk Control Account Year.
Each Index is a "price return index." Therefore, performance
of the relevant Index does not reflect dividends paid on the
securities comprising the Index. This will reduce Index
performance and will cause the Index to underperform a direct
investment in the underlying securities. 
Principal Risks of
Investing in the
Contract
Variable
Subaccount
Option
Risk Control
Account Option
Appendix A
What Are the
Risks Related to
the Insurance
Company?
An investment in the Contract is subject to the risks related to
the Company. Any obligations (including under the Holding
Account and the Risk Control Accounts), guarantees (such as
the Death Benefit), or benefits are subject to the Company's
claims-paying ability. More information about the Company,
including its financial strength ratings, is available upon
request by calling 1-800-798-5500.
Principal Risks of
Investing in the
Contract
RESTRICTIONS
Location in
Prospectus
Are There
Restrictions on
the Investment
Options?
Yes, as described below there are restrictions on certain
features of Purchase Payments, allocations, transfers,
withdrawals, and investment option features.
7
Purchase Payments and Allocations. We may refuse or
limit the amount and frequency of additional Purchase
Payments and the amount and frequency of allocations to the
Risk Control Accounts.
The Risk Control Account investment options are not available
within six years of the Payout Date.
Subaccounts that invest in certain Funds may no longer be
available for new investments, as identified in Appendix A.
Allocating Your
Purchase
Payments
Risk Control
Account Option
Appendix A
Allocations, Transfers, and Withdrawals. Only one Risk
Control Account Period can be in force at any time. Once you
have established a Risk Control Account, you may not allocate
your subsequent Purchase Payments or make transfers to a
new Risk Control Account until the existing Risk Control
Account matures at the end of six years. You may not allocate
subsequent Purchase Payments to existing Risk Control
Accounts (other than during 30 days prior to the Risk Control
Account Maturity Date).
Contract Value in the Holding Account cannot be transferred to
the Variable Subaccounts. Contract Value in the Risk Control
Accounts can only be transferred to the Variable Subaccount
options on the Risk Control Account Maturity Date.
Partial withdrawals from the Risk Control Accounts are not
permitted while there is Variable Subaccount Value, except for
withdrawals from the Risk Control Accounts on the Risk
Control Account Maturity Date (the end of each six-year Risk
Control Account Period).
We reserve the right, at our discretion, to restrict transfers into
the Risk Control Account if the Cap for your Risk Control
Account is less than the rate specified in the Bailout Provision
(as shown on your Contract Data Page).
Allocating Your
Purchase
Payments
Risk Control
Account Option
Changes to Investment Options and Features. For each
Risk Control Account, we set a Cap for the first Risk Control
Account Year, which is made available at least two weeks in
advance of the Risk Control Account Start Date. We may set a
new Cap prior to each Risk Control Account Anniversary for
the subsequent Risk Control Account Year and will send you
written notice at least two weeks prior to the Risk Control
Account Anniversary. The Caps will always be a minimum of
1%.
We reserve the right to make additions to, deletions from, or
substitutions for the shares of a Fund that are held in the
Variable Separate Account or that the Variable Separate
Account may purchase, subject to applicable law.
We reserve the right to add or substitute an Index associated
with the Risk Control Accounts. If there is a delay between the
date we remove the Index and the date we add a substitute
Index, your Risk Control Account Value will be based on the
value of the Index on the date the Index ceased to be
available, which means market changes during the delay will
not be used to calculate the index interest.
Risk Control
Account Option
Variable
Subaccount
Option
8
Are There any
Restrictions on
Contract
Benefits?
Yes. Express Portfolios are only available at the time of
purchase, and you must allocate all of your Purchase
Payment to your selected Express Portfolio.
Systematic Withdrawals may be taken on a monthly, quarterly,
semi-annual, or annual basis. The withdrawals must be at
least $100 each. Unless taken to satisfy required minimum
distributions, a Market Value Adjustment may be applied to
Systematic Withdrawals taken from a Risk Control Account. If
the Systematic Withdrawal exceeds the Annual Free
Withdrawal Amount, the Surrender Charge also may apply.
Benefits Available
under the Contract
TAXES
Location in
Prospectus
What Are the
Contract's Tax
Implications?
You should consult with a tax professional to determine the tax
implications the Contract. There is no additional tax benefit if
you purchase the Contract through a qualified retirement plan
or individual retirement account (IRA). Withdrawals from the
Contract are subject to ordinary income tax, and may be
subject to a 10% additional tax if taken before age 59½.
Federal Income
Tax Matters
CONFLICTS OF INTEREST
Location in
Prospectus
How Are
Investment
Professionals
Compensated?
Some investment professionals (also referred to as "financial
professionals" in this prospectus) may receive compensation
for selling the Contract to you in the form of commissions or
other compensation. These other forms of compensation may
include cash bonuses, insurance benefits and financing
arrangements. Non-cash benefits may include conferences,
seminars and trips (including travel, lodging and meals in
connection therewith), entertainment, merchandise and other
similar items. The Company may also pay asset-based
commissions (sometimes called trail commissions) in addition
to Purchase Payment-based commissions. Investment
professionals may also receive other payments from us for
services that do not directly involve the sale of the Contracts,
including personnel recruitment and training, production of
promotional literature and similar services.
As a result of these compensation arrangements, investment
professionals may have a financial incentive to offer or
recommend the Contract over another investment. You should
ask your investment professional for additional information
about the compensation he or she receives in connection with
your purchase of the Contract.
Other Information
– Distribution of
the Contract
Should I
Exchange My
Contract?
You should only exchange your contract if you determine, after
comparing the features, fees, and risks of both contracts, and
any fees or penalties to terminate your existing contract, that it
is better for you to purchase the new contract rather than
continue to own your existing contract. Some investment
professionals may have a financial incentive to offer you a
new contract in place of the one you already own.
Getting Started -
The Accumulation
Period - Tax Free
1035 Exchanges
A-1
APPENDIX: ALLOCATION OPTIONS AVAILABLE UNDER THE CONTRACT
Variable Subaccounts
The following is a list of the Funds available under the Contract.
More information about the Funds is available in the prospectuses for the Funds, which may be amended from
time to time and can be found online at https://www.trustage.com/regulatory-documents. You can also request
this information at no cost by calling 1-800-798-5500 or by sending an email request to 
AnnuityAndPRTManagersMail@trustage.com.
The current expenses and performance information below reflects fees and expenses of the Funds, but do not
reflect the other fees and expenses that your Contract may charge. Expenses would be higher and
performance would be lower if these other charges were included. Each Fund’s past performance is not
necessarily an indication of future performance.
Investment Objective
Fund and Adviser/Subadviser
Current
Expenses
Average Annual Total
Returns
(as of 12/31/24)
1 Year
5 Year
10 Year
Total return through growth
of capital and current
income
Invesco V.I. Global Real Estate
Fund (Series I) (4)
Invesco Advisers, Inc.
(Adviser)
Invesco Asset Management Ltd.
(Subadviser)
1.02%
-1.80%
-2.39%
1.52%
Long-term growth of capital
Invesco V.I. Small Cap Equity
Fund (Series I)
Invesco Advisers, Inc.
(Adviser)
0.95%
18.09%
10.89%
8.09%
Capital appreciation
Invesco Oppenheimer V.I.
International Growth Fund
(Series I)
Invesco Advisers, Inc.
(Adviser)
1.17%
-1.67%
3.04%
4.41%
High total return  (including
income and capital gains)
consistent with
preservation of capital over
the long-term
American Funds IS Asset
Allocation Fund (Class 1)
Capital Research and
Management Company
(Adviser)
0.29%
16.73%
8.59%
8.59%
Provide as high a level of
current income as is
consistent with the
preservation of capital
American Funds IS The Bond
Fund of America (Class 1)
Capital Research and
Management Company
(Adviser)
0.38%
1.50%
0.57%
1.93%
Growth of capital
American Funds IS Growth
Fund (Class 1)
Capital Research and
Management Company
(Adviser)
0.34%
31.96%
19.12%
16.88%
High level of current
income; capital
appreciation is the
secondary objective
American Funds IS American
High-Income Trust (Class 1)
Capital Research and
Management Company
(Adviser)
0.45%
9.92%
5.81%
5.59%
A-2
Long-term growth of capital
American Funds IS International
Fund (Class 1)
Capital Research and
Management Company
(Adviser)
0.53%
3.40%
1.48%
4.27%
High total investment return
BlackRock Global Allocation
V.I. Fund (Class I)
BlackRock Advisors, LLC
(Adviser)
BlackRock International Limited
BlackRock (Singapore) Limited
(Sub-Adviser)
0.86%
9.23%
6.01%
5.59%
High total return through
current income and,
secondarily, through capital
appreciation
Columbia VP Emerging Markets
Bond Fund (Class 1)
Columbia Management
Investment Advisers, LLC
(Adviser)
0.76%
-6.39%
-0.72%
-2.92%
To achieve long-term
capital appreciation
Dimensional VA International
Small Portfolio
Dimensional Fund Advisors LP
(Adviser)
Dimensional Fund Advisors Ltd.
(Sub-Adviser)
DFA Australia Limited
(Sub-Adviser)
0.39%
3.82%
4.11%
5.91%
To achieve long-term
capital appreciation
Dimensional VA International
Value Portfolio
Dimensional Fund Advisors LP
(Adviser)
Dimensional Fund Advisors Ltd.
(Sub-Adviser)
DFA Australia Limited
(Sub-Adviser)
0.28%
6.62%
7.08%
5.62%
To achieve long-term
capital appreciation
Dimensional VA U.S. Large
Value Portfolio
Dimensional Fund Advisors LP
(Adviser)
0.21%
13.38%
8.43%
8.52%
To achieve long-term
capital appreciation
Dimensional VA U.S. Targeted
Value Portfolio
Dimensional Fund Advisors LP
(Adviser)
0.28%
8.14%
12.55%
9.46%
Long-term capital growth 
Templeton Foreign VIP Fund
(Class 1)
Templeton Investment Counsel,
LLC
(Adviser)
0.83%
-0.79%
2.86%
2.64%
High current income,
consistent with
preservation of capital;
capital appreciation is a
secondary objective
Templeton Global Bond VIP
Fund (Class 1) (4)
Franklin Advisors, Inc.
(Adviser)
0.52%
-11.13%
-4.60%
-1.79%
Seeks a total return
consisting of capital
appreciation and income
Goldman Sachs VIT Core Fixed
Income Trust (Institutional)
Goldman Sachs Asset
Management, L.P.
(Adviser)
0.63%
1.24%
-0.16%
1.44%
A-3
Maximize current income to
extent consistent with
preservation of capital and
maintenance of liquidity by
investing exclusively in
high quality money market
instruments
Goldman Sachs VIT
Government Money Market
(Institutional)
Goldman Sachs Asset
Management, L.P.
(Adviser)
0.21%
5.16%
2.42%
1.70%
Long-term capital
appreciation
Lazard Retirement Emerging
Markets Equity Portfolio
(Investor)
Lazard Asset Management LLC
(Adviser)
1.16%
7.68%
3.29%
3.52%
Total return with emphasis
on current income, but also
considering capital
appreciation
MFS Total Return Bond Series
(Initial Class)
Massachusetts Financial Services
Company
(Adviser)
0.54%
2.55%
0.39%
1.89%
Total return 
MFS Utilities Series
(Initial Class)
Massachusetts Financial Services
Company
(Adviser)
0.80%
11.66%
5.88%
6.29%
Capital appreciation 
MFS Value Series (Initial Class)
Massachusetts Financial Services
Company
(Adviser)
0.72%
11.61%
8.03%
8.63%
Capital appreciation 
MFS Blended Research Small
Cap Equity Portfolio
(Initial Class)
Massachusetts Financial Services
Company
(Adviser)
0.58%
4.95%
6.20%
8.03%
Long-term capital
appreciation by investing
primarily in growth-oriented
equity securities of large
capitalization companies
Morgan Stanley Variable
Insurance Fund, Inc. Growth
Portfolio (Class I)
Morgan Stanley Investment
Management Inc.
(Adviser)
0.57%
61.65%
15.86%
16.68%
Capital appreciation
TOPS Aggressive Growth ETF
Portfolio (Class 1)(1)
ValMark Advisers, Inc.
(Adviser)
0.29%
12.21%
8.51%
8.40%
Income and capital
appreciation
TOPS Balanced ETF Portfolio
(Class 1)(1)
ValMark Advisers, Inc.
(Adviser)
0.30%
7.04%
4.93%
5.09%
Preserve capital and
provide moderate income
and moderate capital
appreciation
TOPS Conservative ETF
Portfolio (Class 1)(1)
ValMark Advisers, Inc.
(Adviser)
0.31%
6.22%
4.00%
4.03%
Capital appreciation
TOPS Growth ETF Portfolio
(Class 1)(1)
ValMark Advisers, Inc.
(Adviser)
0.30%
11.09%
7.65%
7.52%
Capital appreciation
TOPS Moderate Growth ETF
Portfolio (Class 1)(1)
ValMark Advisers, Inc.
(Adviser)
0.29%
8.99%
6.32%
6.38%
A-4
Maximum real return,
consistent with prudent
investment management 
PIMCO Commodity Real Return
Strategy Portfolio
(Institutional Class)
Pacific Investment Management
Company LLC
(Adviser)
2.29%
4.34%
7.24%
1.80%
Maximum real return,
consistent with
preservation of real capital
and prudent investment
management
PIMCO VIT All Asset Portfolio
(Institutional Class)
Pacific Investment Management
Company LLC
(Adviser)
2.18%
3.95%
4.60%
4.52%
Maximum real return,
consistent with
preservation of real capital
and prudent investment
management
PIMCO VIT Real Return
Portfolio (Institutional Class)
Pacific Investment Management
Company LLC
(Adviser)
0.92%
2.29%
2.08%
2.31%
Seeks high current income.
Capital growth is a
secondary goal when
consistent with achieving
high current income
Putnam VT High Yield Fund (IA)
Franklin Advisers, Inc. (Adviser)                                                                           
Putnam Investment
Management, LLC and Franklin
Templeton Investment
Management limited (Sub-
advisers)
0.98%
8.19%
3.63%
4.50%
Long-term capital growth;
income is a secondary
objective
T. Rowe Price Blue Chip
Growth Portfolio (Class I)
T. Rowe Price Associates
(Adviser)
0.76%
35.51%
14.46%
14.77%
Long-term capital
appreciation, using a
fundamental approach to
invest in growth-oriented
companies at attractive
valuation level
Vanguard VIF Capital Growth
Portfolio
PRIMECAP Management
Company (Adviser)
0.34%
13.41%
11.86%
12.37%
Long-term capital
appreciation and income
growth, with reasonable
current income
Vanguard VIF Diversified Value
Portfolio
Hotchkis and Wiley Capital
Management, LLC and Lazard
Asset Management LLC
(Subadvisers)
0.28%
14.89%
12.24%
9.76%
Seeks to track the
investment performance of
the Standard & Poor’s 500
Index, an unmanaged
benchmark representing
U.S. large-capitalization
stocks
Vanguard VIF Equity Index
Portfolio
The Vanguard Group, Inc.
(Adviser)
0.14%
24.84%
14.36%
12.95%
High and sustainable level
of current income by
investing primarily in
below-investment-grade
corporate securities
offering attractive yields
Vanguard VIF High Yield Bond
Portfolio
The Vanguard Group, Inc.
(Adviser)
Wellington Management
Company LLP (Subadviser)
0.24%
6.30%
3.37%
4.53%
Long-term capital
appreciation through
broadly diversified
exposure to the major
equity markets outside the
United States
Vanguard VIF International
Portfolio
Baillie Gifford Overseas, Ltd and
Schroder Investment Mgt North
America Inc (Subadvisers)
0.31%
9.01%
6.27%
8.40%
A-5
Seeks to track the
investment performance of
the CRSP US Mid Cap
Index, an unmanaged
benchmark representing
medium-size U.S. firms
Vanguard VIF Mid-Cap Index
Portfolio
The Vanguard Group, Inc.
(Adviser)
0.17%
15.08%
9.70%
9.41%
Seeks to track the
investment performance of
the MSCI US REIT Index,
which covers
approximately two-thirds of
the U.S. real estate
investment trust (REIT)
market
Vanguard VIF Real Estate Index
Portfolio
The Vanguard Group, Inc.
(Adviser)
0.26%
4.74%
2.84%
4.99%
Long-term capital
appreciation by investing in
a broad universe of small-
company growth stocks
Vanguard VIF Small Company
Growth Portfolio(2)
The Vanguard Group, Inc.
(Adviser)
ArrowMark Partners (Subadviser)
0.29%
11.38%
6.96%
8.66%
Seeks to track the
investment performance of
the Bloomberg Barclays
U.S. Aggregate Float
Adjusted Bond Index, an
unmanaged benchmark
representing the broad
U.S. bond market
Vanguard VIF Total Bond
Market Index Portfolio
The Vanguard Group, Inc.
(Adviser)
0.14%
1.24%
-0.39%
1.25%
Seeks to track the
investment performance of
the Standard and Poor’s
Total Market Index, an
unmanaged benchmark
representing the overall
U.S. equity market
Vanguard VIF Total Stock
Market Index Portfolio
The Vanguard Group, Inc.
(Adviser)
0.13%
23.71%
13.67%
12.37%
(1)  The Fund operates as a fund of funds.
(2) The Vanguard Group, Inc. has requested that the Company no longer make the Vanguard VIF Small Company Growth
Portfolio available for new investments. Existing contract owners with allocation to the Vanguard VIF Small Company Growth
Portfolio can continue to invest in the portfolio.
(3) These Funds and their investment advisers have entered into contractual fee waivers or expense reimbursement
arrangements. The temporary fee reductions are reflected in their annual expenses. Those contractual arrangements are
designed to reduce total annual Fund operating expenses for Contract Owners and will continue past the current year.
(4) Effective May 1, 2022, these Funds are no longer available for new investments. Existing contract owners with allocation to
these Funds can continue to invest in the portfolios.
(5) Current expenses as of February 28, 2023.
Risk Control Account Options
The following is a list of the Risk Control Account options currently available under the Contract. We may
change the features of the Risk Control Accounts listed below (including the Index and the Caps), offer new
Risk Control Accounts, and terminate existing Risk Control Accounts. We will provide you with written notice
before making any changes other than changes to the Caps. Information about current Caps is available at
https://www.trustage.com/horizonII-annuity-rates.
Note: Each Risk Control Account Period is six years, and each Risk Control Account Maturity Date is
the last day of the six-year Risk Control Account Period. During the Accumulation Period, if you
surrender your Contract or take a partial withdrawal on any day other than its Risk Control Account
Maturity Date, we will apply a Market Value Adjustment (which may be positive or negative). This may
result in a significant reduction in your Contract Value that could exceed any protection from Index
loss that would be in place if you held the option until the Risk Control Account Maturity Date.
A-6
Index
Type of Index
Crediting
Period
Account Type
Limit on Index
Loss (if held
until the Risk
Control
Account
Maturity Date)
Minimum Limit
on Index Gain
(for the Life of
the Contract)
S&P 500
Index(1)
stock market index based
on market capitalizations
of 500 leading companies
publicly traded in the U.S.
stock market
1 year(2)
Secure Account
0% Floor
1% Cap
Growth Account
-10% Floor
1% Cap
MSCI EAFE
Index(1)
stock market index 
designed to measure the
equity market
performance of developed
markets excluding the
U.S. and Canada
1 year(2)
Secure Account
0% Floor
1% Cap
Growth Account
-10% Floor
1% Cap
(1)Each Index is a "price return index" and not a "total return index." Performance of the relevant Index
does not reflect dividends paid on the securities comprising the Index, and therefore calculation of
Index performance under the Contract does not reflect the full Investment performance of the
underlying securities. This will reduce Index returns and cause the Index to underperform a direct
investment in the securities comprising the Index.
(2)We credit interest to each Risk Control Account at the end of each Risk Control Account Year during
the six-year Risk Control Account Period by comparing the change in the Index from each Risk Control
Account Anniversary (the first day of the Risk Control Account Year) to the last day of the current Risk
Control Account Year. Rebalancing among Risk Control Accounts occurs on each Risk Control Account
Maturity Date (the last day of each six-year Risk Control Account Period). No additional values can be
transferred, and no additional Purchase Payments can be allocated, to a Risk Control Account until the
Risk Control Account Maturity Date. Moreover, withdrawals and surrenders from a Risk Control
Account on any day other than its Risk Control Account Maturity Date will be subject to the Market
Value Adjustment.
The Floors for the Secure Account and Growth Account will not change during the life of your Contract. We set
the Cap each year for the next Contract Year. In return for accepting some risk of loss to your Risk Control
Account Value allocated to the Growth Account, the Cap for the Growth Account is higher than the Cap for the
Secure Account. The Cap will always be at least 1%.
This Updating Summary Prospectus incorporates by reference the Prospectus and Statement of
Additional Information for the Contract, both dated May 1, 2025, as supplemented. The SAI may be
obtained, free of charge, in the same manner as the Prospectus.
EDGAR Contract Identifiers: C000205472 (VA) and C000256710 (RILA)

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