Form 497VPU MEMBERS Life Insurance

April 14, 2026 10:53 AM EDT
TruStage® ZoneChoice Advantage Annuity
Issued by:
MEMBERS Life Insurance Company
UPDATING SUMMARY PROSPECTUS FOR EXISTING INVESTORS
DATED MAY 1, 2026
This Updating Summary Prospectus summarizes key features of the TruStage® ZoneChoice Advantage
Annuity, an individual or joint owned, single purchase payment deferred index-linked annuity contract.
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 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 period of time that begins on the Contract Issue Date stated on the Data
Page and ends on the Income Payout Date or the date this Contract is terminated if earlier.
Adjusted Index Return. The Index Return for the current Interest Term adjusted for the Crediting
Strategy. This value is only calculated at the end of the Interest Term.
Administrative Office. MEMBERS Life Insurance Company, 2000 Heritage Way, Waverly, Iowa 50677.
Phone: 1-800-798-5500.
Age. Age as of last birthday.
Allocation Options. All available options under the Contract for allocating your Purchase Payment and
Contract Value.
Annual Free Withdrawal Amount. The amount that can be withdrawn each Contract Year without
incurring a Surrender Charge or Market Value Adjustment. For the first six Contract Years, it is equal to
10% of the Contract Value determined at the beginning of each Contract Year. Beginning on the sixth
Contract Anniversary, it is equal to 20% of the Contract Value determined at the beginning of each
Contract Year.
Annuitant (Joint Annuitant). The person(s) whose life (or lives) determines the income payment amount
payable under the Contract. If the Owner is a non-natural person, the Annuitant(s) is also the person(s)
whose death determines the Death Benefit.
Authorized Request. A signed and dated request that is in Good Order. Without limitation, any of the
following requests must be signed by all Owners and any assignee: transfer value, change a party to the
Contract, change the Income Payout Date, or make a partial withdrawal or full surrender of the Contract.
An Authorized Request may also include a phone, fax, or electronic request for specific transactions.
Beneficiary (Beneficiaries). The person(s) or entity(ies) who will receive the Death Benefit proceeds due
to the Owner’s death, or in the case of a non-natural Owner, upon the death of the Annuitant.
Boost. The percentage added to an Index Return that is less than zero to determine the Adjusted Index
Return. It is also the minimum Adjusted Index Return when the Index Return is greater than or equal to
zero.
Buffer. The maximum amount of negative interest assumed by the Company for an Interest Term, and
any additional negative interest will be credited to the Risk Control Account.
Business Day. Any day that the New York Stock Exchange is open for trading. All requests for
transactions that are received at our Administrative Office in Good Order on any Business Day prior to
market close, generally 4:00 P.M. Eastern Time, will be processed as of the end of that Business Day.
Cap Rate. The maximum amount of interest the Company will credit to the Risk Control Account for an
Interest Term. If the Cap Rate is uncapped, the Cap Rate is not applied to the Crediting Strategy.
Company. MEMBERS Life Insurance Company; also referred to as “we”, “our” and “us”.
Contract. The TruStage® ZoneChoice Advantage Annuity, an individual or joint owned, single purchase
payment deferred 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.
Contract Issue Date. The day your Contract is issued. This date will be used to determine Contract
Years and Contract Anniversaries.
3
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 ending one day before the next Contract Anniversary.
Crediting Base. The amount used to calculate the Risk Control Account Value. It is equal to the amount
allocated to a Risk Control Account at the start of the Interest Term, reduced proportionally for any
withdrawals, Flex Transfers, or Contract Value applied to an Income Payout Option.
Crediting Strategy. The method by which interest is calculated for an Allocation Option during the
Interest Term.
Data Page. Pages attached to your Contract that describe certain terms applicable to your specific
Contract.
Death Benefit. The amount the Beneficiary is entitled to upon the death of an Owner who is a natural
person or the death of an Annuitant if the Owner is a non-natural person.
Dual Step Rate. The percentage that equals the Adjusted Index Return when the Index Return is greater
than or equal to the applicable Buffer for the Crediting Strategy.
Fixed Account. An Allocation Option that is part of our General Account to which we credit a fixed annual
rate of interest referred to as the Fixed Interest Rate.
Fixed Account Nonforfeiture Value. The value used to determine the Fixed Account minimum values. It
applies to the Surrender Value, the entire Contract Value applied to an Income Payout Option, and Death
Benefit proceeds upon the death of an Owner during the Accumulation Period.
Fixed Interest Rate. The effective annual rate of interest credited to the Fixed Account. The Fixed
Interest Rate will never be less than 0.05%.
Flex Transfer. The voluntary transfer of some or all of the value in any Risk Control Account to the Fixed
Account prior to the end of the Interest Term.
Floor. The maximum amount of negative interest for an Interest Term used to determine the Adjusted
Index Return that may be credited to the Risk Control Account for an Interest Term.
General Account. All of the Company’s assets other than the assets in its separate accounts.
Good Order. A request or transaction generally is considered in “Good Order” if we receive it at our
Administrative Office within the time limits, if any, prescribed in this Prospectus for a particular transaction
or instruction, it includes all information and supporting legal documentation necessary for us to execute
the requested instruction or transaction, and is signed by the individual or individuals authorized to
provide the instruction or engage in the transaction. A request or transaction may be rejected or delayed if
not in Good Order. This information and documentation necessary for a transaction or instruction
generally includes, to the extent applicable: the completed application or instruction form; your contract
number; the transaction amount (in dollars or percentage terms); the signatures of all Owners (exactly as
indicated on the Contract), if necessary; Social Security Number or Tax I.D.; and any other information or
supporting documentation that we may require, including any consents. With respect to the Purchase
Payment, Good Order also generally includes receipt by us of sufficient funds to affect the purchase. We
may, in our sole discretion, determine whether any particular transaction request is in Good Order, and we
reserve the right to change or waive any Good Order requirement at any time. If you have any questions,
you should contact us or your financial professional before submitting the form or request.
Income Payout Date. The date the first income payment is paid from the Contract to the Owner.
Income Payout Option. The choices available under the Contract for payout of your Contract Value.
Index, Indices. The reference index (or indices) that is a benchmark designed to track the performance
of a portfolio of securities and is used to determine the Index Return, Adjusted Index Return, and Interim
Value for a Crediting Strategy.
4
Index Return. The percentage change in the reference Index from the beginning of the Interest Term to
the end of the Interest Term.
Index Value. The closing value for the reference Index as of the end of a Business Day.
Interest Term. The period for which interest is calculated for an Allocation Option. The Interest Term may
vary by Allocation Option. Interest Terms will start and end on a Contract Anniversary, unless otherwise
specified.
Interim Value. The value for a Risk Control Account on any day other than the first and last Business Day
of an Interest Term.
Internal Revenue Code (IRC). The Internal Revenue Code of 1986, as amended.
Market Value Adjustment. An adjustment (increase or decrease) that may be applied to a full surrender
or partial withdrawal prior to the end of the six-year rolling period that begins on the Contract Issue Date.
The Market Value Adjustment does not apply to transfers (including Flex Transfers) or to the Annual Free
Withdrawal Amount.
Non-Qualified Contract. An annuity contract that is independent of any formal retirement or pension
plan.
Owner (Joint Owner). The person(s) or entity who own(s) the Contract and has (have) all rights under
the Contract. Unless owned by a non-natural person, the Owner is also the person(s) whose death
determines the Death Benefit. The Owner is also referred to as “you” or “your”.
Participation Rate. The percentage that may be applied to an Index Return to determine the Adjusted
Index Return. For any Risk Control Account with a Buffer or Floor, the percentage is applied to an Index
Return that is greater than zero. For any Risk Control Account with a Boost, the percentage is applied to
an Index Return that is greater than the Boost.
Payout Period. The period of time that begins on the Income Payout Date and continues until we make
the last payment as provided by the Income Payout Option chosen.
Purchase Payment. The amount paid to us, by or on behalf of an Owner, that is used to establish the
annuity on the Contract Issue Date. We do not allow any additional Purchase Payments.
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.
Required Minimum Distributions (RMDs). The required minimum distribution defined by section
401(a)(9) of the IRC for the Contract and as determined by us. RMDs only apply to Qualified Contracts.
Risk Control Account. An Allocation Option to which we credit interest based in part on the performance
of an Index, subject to the Crediting Strategy.
Risk Control Account Value. The portion of the Contract Value in a Risk Control Account.
SEC. The U.S. Securities and Exchange Commission.
Spouse. The person to whom you are legally married. The term Spouse includes the person with whom
you have entered into a legally-sanctioned marriage that grants you the rights, responsibilities, and
obligations married couples have in accordance with applicable state laws. Individuals who do not meet
the definition of Spouse may have adverse tax consequences when exercising provisions under this
Contract and any attached endorsements or riders. Additionally, individuals in other arrangements that are
not recognized as marriage under the relevant state law will not be treated as married or as Spouses as
defined in this Contract for federal tax purposes. Consult with a tax advisor for more information on this
subject and before exercising benefits under the contract and any attached endorsements or riders.
Surrender Charge. The charge associated with surrendering either some or all of the Contract Value.
Surrender Value. The amount you are entitled to receive if you elect to surrender this Contract during the
Accumulation Period.
5
Valuation Period. The period beginning at the close of one Business Day and continuing to the close of
the next succeeding Business Day.
UPDATED INFORMATION ABOUT YOUR CONTRACT
Below is a summary of certain Contract features that have changed since the prospectus dated May 1,
2025. This may not reflect all of the changes that have occurred since you entered into your Contract.
•Floor with Participation Rate and Cap Rate Crediting Strategy. We added new Risk Control
Accounts with a 0% Floor for six-year Interest Terms. These Risk Control Accounts are available
for three reference Indices.
•Buffer with Participation Rate and Cap Rate Crediting Strategy:
◦We added -20% Buffer options to Risk Control Accounts with one-year Interest Terms.
These Risk Control Accounts are available for two reference Indices.
◦We no longer offer this Crediting Strategy for the Barclays Risk Balanced Index.
•Boost with Participation Rate and Cap Rate Crediting Strategy. We no longer offer this
Crediting Strategy for the Barclays Risk Balanced Index.
 
The above changes were made effective May 1, 2026. Please refer to the Appendix for detailed
information regarding these Risk Control Accounts and their availability.
6
KEY INFORMATION
IMPORTANT INFORMATION YOU SHOULD CONSIDER
ABOUT THE TRUSTAGE® ZONECHOICE ADVANTAGE ANNUITY
FEES, EXPENSES, AND ADJUSTMENTS
Location in
Prospectus
Are There Charges
or Adjustments for
Early
Withdrawals?
Yes. If you surrender your Contract or take a withdrawal during the
first six Contract Years, you may pay a Surrender Charge of up to
8% of the amount withdrawn that exceeds 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 $7,200 on a $100,000 investment. Your loss will be
greater if there is a negative Market Value Adjustment, negative
Interim Value adjustment, income taxes, or an additional tax. 
If you surrender your Contract or take a withdrawal from any
Allocation Option at any time other than on or within 30 days after
each sixth Contract Anniversary, we will apply a Market Value
Adjustment (which may be positive or negative) to the amount
being withdrawn that exceeds the Annual Free Withdrawal Amount.
A negative Market Value Adjustment could significantly decrease
the amount you receive from a withdrawal or surrender. In extreme
circumstances, losses from the Market Value Adjustment could be
as high as 90% of your Contract Value ($90,000 of a $100,000
investment).
For Contract Value allocated to a Risk Control Account, If you
surrender your Contract or take a withdrawal, make a Flex
Transfer, surrender your Contract, die, or begin Income Payout
Options, the amount withdrawn or transferred before the expiration
of an Interest Term is based on the Interim Value and will reduce
the Crediting Base proportionally. The Interim Value calculation
may reflect a positive or negative return that increases or
decreases the amount remaining in the Risk Control Account,
which could result in the loss of your principal and previously
credited interest. In extreme circumstances, losses from the Interim
Value calculation could be as high as 100% of your Risk Control
Account Value ($100,000 of a $100,000 investment).
The Floor, Buffer, and Boost do not limit losses from the Surrender
Charge, Market Value Adjustment, Interim Value calculation,
proportionate calculations, or taxes; however, full surrenders from
the Fixed Account are subject to the Fixed Account Nonforfeiture
Value.
Fee Table
Charges and
Adjustments
Are There
Transaction
Charges?
No.
Are There Ongoing
Fees and
Expenses?
Yes. There is an implicit ongoing fee on the Risk Control
Accounts to the extent that the Cap Rate, Participation Rate,
or Dual Step Rate limit your participation in Index gains.
This means your returns may be lower than the Index's returns;
however, in exchange for accepting limits on Index gains, you
receive some protection from Index losses through the Floors,
Buffers, and Boosts. 
Please refer to your Data Page for information about the specific
implicit fees you will pay each year based on the options you have
elected.
Fee Table
Charges and
Adjustments
RISKS
Location in
Prospectus
7
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, due to negative
Index performance.
There is a risk of loss of principal and previously credited interest of
up to the Floor (a maximum loss of 10% with a Floor of -10%) each
Interest Term due to negative Index performance.
There is a risk of loss of principal and previously credited interest of
up to the amount of any negative Index performance that exceeds
the Buffer (a maximum loss of 90% with a Buffer of -10%, if the
Index declines by 100%) each Interest Term due to negative Index
performance. 
There is a risk of loss of principal and previously credited interest of
up to the amount of any negative Index performance that exceeds
the Boost (a maximum loss of 90% with a 10% Boost, if the Index
declines by 100%) each Interest Term due to negative Index
performance.
The Fixed Account and a Risk Control  Account with a 0%
Floor, a minimum 1% Cap Rate, and a minimum 100%
Participation Rate will always be available. However, we may
change or discontinue some or all of the other Allocation
Options; any remaining Allocation Options may have terms
that are unacceptable to you and may not provide any
protection from Index losses, which could result in the loss of
the entire amount of your Contract Value.
Principal
Risks of
Investing in
the Contract
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
and a Market Value Adjustment (which may be positive or negative)
to the extent they exceed the Annual Free Withdrawal Amount. All
withdrawals and surrenders from a Risk Control Account before the
end of an Interest Term are subject to the Interim Value calculation
(which may be positive or negative) and proportional adjustment of
the Crediting Base. Amounts withdrawn are also subject to 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.
At least two weeks before the end of an Interest Term, you will be
notified of the available Allocation Options to which you may
transfer maturing Contract Value. The Risk Control Accounts
available to you and their terms (such as the Interest Term, Index,
and Crediting Strategies) may differ from what was previously
available. If we do not receive transfer instructions by Authorized
Request at least one Business Day before the end of the current
Interest Term, we will apply the maturing Contract Value to a new
Interest Term of the same Allocation Option. If the same Risk
Control Account is not available, we will apply the value to the
Fixed Account. Values applied to the Fixed Account may earn a
lower return than they would have earned in the discontinued Risk
Control Account.
Principal
Risks of
Investing in
the Contract
Charges and
Adjustments
Federal
Income Tax
Matters
8
What are the Risks
Associated with
the Allocation
Options?
An investment in the Contract is subject to the risk of poor
investment performance and can vary depending on the
performance of the Allocation Options available under the Contract.
Each Allocation Option, including the Risk Control Accounts and
the Fixed Account, has its own unique risks. You should review the
Allocation Options carefully before making an investment decision.
The Cap Rate, Participation Rate, and Dual Step Rate may limit
positive Index returns. For example, if the Index performance is
20%, and the Cap Rate or Dual Step Rate (as applicable) is 10%,
we will credit 10% in interest at the end of the Interest Term. If the
Index performance is 20%, and the Participation Rate is 10%, we
will credit 2% (10% of 20%) in interest at the end of the Interest
Term. You may earn less than the Index performance as a result.
The Floor, Buffer, and Boost 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 is -10%, we will credit -10% at the end of the Interest Term. If
the Index performance is -25% and the Buffer is -10%, we will
credit -15% at the end of the Interest Term. If the Index
performance is -25% and the Boost is 10%, we will credit -15% at
the end of the Interest Term.
Except for the Barclays Risk Balanced, each Index associated with
the Risk Control Accounts is a "price return index," which means
the Index performance does not include 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. The Barclays Risk Balanced Index reinvests
dividends but deducts certain fees. These deductions will reduce
Index performance, and the Index will underperform similar
portfolios from which these fees and costs are not deducted.
Principal
Risks of
Investing in
the Contract
Risk Control
Account
Options
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 Fixed 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
Allocation
Options?
Yes, as described below there are restrictions on certain features
of allocations, transfers, withdrawals, and Allocation Option
features.
The availability of Allocation Options, Contract benefits, and other
Contract features described in this Prospectus may vary by state
and depending on the broker-dealer through which the Contract is
sold.
Appendix B
9
Allocation Timing. Each Allocation Option is available on the
Contract Issue Date and at the end of the Interest Term. For
example, after the Contract Issue Date, an Allocation Option with a
one-year Interest Term is available every Contract Anniversary,
whereas an Allocation Option with a six-year Interest Term is
available every sixth Contract Anniversary. If we add an Allocation
Option, you will not be able to allocate your Contract Value to the
new Allocation Option until the start of the next available Interest
Term for that Allocation Option. Additionally, the six-year Interest
Term is unavailable as a reallocation option if the Income Payout
Date is less than six years from the start of the Interest Term or if
the length of time until a termination date required by federal
regulation is less than six years from the start of the Interest Term.
Allocating
Your
Purchase
Payment
Changes to Investment Options and Features. We set the Cap
Rate, Participation Rate, Dual Step Rate and/or Fixed Interest Rate
at the start of each Interest Term and guarantee them for the
duration of the Interest Term. We will notify you of any new rates at
least two weeks before the end of the current Interest Term.
During the life of your Contract, the Fixed Account and a Risk
Control Account with a 0% Floor, a minimum 1% Cap Rate, and a
minimum 100% Participation Rate will always be available.
Otherwise, we may add, change, or discontinue Allocation
Options and Indices from time to time. The remaining
Allocation Options may have terms that are unacceptable to
you and may not provide any protection from Index losses,
which could result in the loss of the entire amount of your
Contract Value.
If there is a delay between the date we remove an Index for a Risk
Control Account 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.
We may change, discontinue, or establish restrictions on Flex
Transfers, including limitations on the number, frequency, or
amount of Flex Transfers, at any time.
Risk Control
Account
Options
Are There any
Restrictions on
Contract Benefits?
Yes. Systematic Withdrawals may be taken on a monthly,
quarterly, semi-annual, or annual basis. The withdrawals must be
at least $100 each. There are additional limitations on the amounts
that you may request and the timing for requesting and terminating
Systematic Withdrawals. A Market Value Adjustment and Surrender
Charge 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 of 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
10
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
Accumulatio
n Period -
Tax Free
1035
Exchanges
A-1
APPENDIX: ALLOCATION OPTIONS AVAILABLE UNDER THE CONTRACT
Note: If you surrender your Contract or take a withdrawal from any Allocation Option at any time
other than on or within 30 days after each sixth Contract Anniversary, we will apply a Market
Value Adjustment (which may be positive or negative) to the amount being surrendered or
withdrawn that exceeds the Annual Free Withdrawal Amount. A negative Market Value Adjustment
could significantly decrease the amount you receive from a withdrawal or surrender.
Risk Control Account Options
The following is a list of the Risk Control Accounts currently available under the Contract. The six-year
Interest Term is unavailable as a reallocation option if the Income Payout Date is less than six
years from the start of the Interest Term or if the length of time until a termination date required by
federal regulation is less than six years from the start of the Interest Term.
We may change the features of the Risk Control Accounts listed below (including the Index, Floors, Cap
Rates, Participation Rates, Buffers, Boosts, and Dual Step Rates), offer new Risk Control Accounts, and
terminate existing Risk Control Accounts.  If we add a Risk Control Account, you will not be able to
allocate your Contract Value to the new Risk Control Account until the start of the next available Interest
Term for that Risk Control Account. We will provide you with written notice before making any changes
other than changes to the current Cap Rates, Participation Rates, and Dual Step Rates. Information about
current Cap Rates, Participation Rates and Dual Step Rates is available at https://www.trustage.com/
zonechoice-advantage-annuity-rates.
Note: For Contract Value allocated to a Risk Control Account, if you take a withdrawal, make a
Flex Transfer, surrender your Contract, die, or begin Income Payout Options, the amount
withdrawn or transferred before the expiration of an Interest Term is based on the Interim Value.
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 end of the Interest Term.
RISK CONTROL ACCOUNT OPTIONS
Risk Control Account Crediting Strategy:  Floor with Participation Rate and Cap Rate
Index(1)
Type of Index
Crediting
Period(2)
Limit on Index Loss (if
held to the end of the
Crediting Period)
Minimum Limit on Index
Gain (for the Life of the
Risk Control Account)
S&P 500
Index
Stock market index based
on market capitalizations of
500 leading companies
publicly traded in the U.S.
stock market.
1-Year
Floor:  0% to -10%
in 1% increments
•Minimum Cap Rate: 1%
•Minimum Participation
Rate: 100%
Dimensional
US Small
Cap
Value
Systematic
Index
Stock market index that
invests within the smallest
8% of the US market down
to $100 million in market
capitalization with relative
prices in the lowest 40%
when ranked by price to
book.
1-Year
Floor:  0% to -10%
in 1% increments
•Minimum Cap Rate: 1%
•Minimum Participation
Rate: 100%
A-2
Barclays
Risk
Balanced
Index
Allocates between equities
and fixed income using the
principles of Modern
Portfolio Theory, which
seeks to maximize the
expected return based on a
given level of market risk.
1-Year
Floor:  0% to -10%
in 1% increments
•Minimum Cap Rate: 1%
•Minimum Participation
Rate: 100%
S&P 500
Index
Stock market index based
on market capitalizations of
500 leading companies
publicly traded in the U.S.
stock market.
6-Year
Floor:  0%
•Minimum Cap Rate: 10%
•Minimum Participation
Rate: 10%(3)
Dimensional
US Small
Cap
Value
Systematic
Index
Stock market index that
invests within the smallest
8% of the US market down
to $100 million in market
capitalization with relative
prices in the lowest 40%
when ranked by price to
book.
6-Year
Floor:  0%
•Minimum Cap Rate: 10%
•Minimum Participation
Rate: 10%(3)
Barclays
Risk
Balanced
Index
Allocates between equities
and fixed income using the
principles of Modern
Portfolio Theory, which
seeks to maximize the
expected return based on a
given level of market risk.
6-Year
Floor:  0%
•Minimum Cap Rate: 10%
•Minimum Participation
Rate: 10%(3)
Risk Control Account Crediting Strategy:  Buffer with Participation Rate and Cap Rate
Index(1)
Type of Index
Crediting
Period(2)
Limit on Index Loss (if
held to the end of the
Crediting Period)
Minimum Limit on Index
Gain (for the Life of the
Risk Control Account)
S&P 500
Index
Stock market index based
on market capitalizations of
500 leading companies
publicly traded in the U.S.
stock market.
1-Year
Buffer: 
-10% and -20%
•Minimum Cap Rate: 1%
•Minimum Participation
Rate: 100%
Dimensional
US Small
Cap
Value
Systematic
Index
Stock market index that
invests within the smallest
8% of the US market down
to $100 million in market
capitalization with relative
prices in the lowest 40%
when ranked by price to
book.
1-Year
Buffer: 
-10% and -20%
•Minimum Cap Rate: 1%
•Minimum Participation
Rate: 100%
S&P 500
Index
Stock market index based
on market capitalizations of
500 leading companies
publicly traded in the U.S.
stock market.
6-Year
Buffer:
-10% and -20%
•Minimum Cap Rate:10%
•Minimum Participation
Rate: 100%
A-3
Dimensional
US Small
Cap
Value
Systematic
Index
Stock market index that
invests within the smallest
8% of the US market down
to $100 million in market
capitalization with relative
prices in the lowest 40%
when ranked by price to
book.
6-Year
Buffer:
-10% and -20%
•Minimum Cap Rate:10%
•Minimum Participation
Rate: 100%
Risk Control Account Crediting Strategy:  Boost with Participation Rate and Cap Rate
Index(1)
Type of Index
Crediting
Period(2)
Limit on Index Loss (if
held to the end of the
Crediting Period)
Minimum Limit on Index
Gain (for the Life of the
Risk Control Account)
S&P 500
Index
Stock market index based
on market capitalizations of
500 leading companies
publicly traded in the U.S.
stock market.
6-Year
Boost: 
10% and 20%
•Minimum Cap Rate:10%
•Minimum Participation
Rate: 100%
Dimensional
US Small
Cap
Value
Systematic
Index
Stock market index that
invests within the smallest
8% of the US market down
to $100 million in market
capitalization with relative
prices in the lowest 40%
when ranked by price to
book.
6-Year
Boost: 
10% and 20%
•Minimum Cap Rate:10%
•Minimum Participation
Rate: 100%
Risk Control Account Crediting Strategy:  Buffer with Dual Step Rate
Index(1)
Type of Index
Crediting
Period(2)
Limit on Index Loss (if
held to the end of the
Crediting Period)
Minimum Limit on Index
Gain (for the Life of the
Risk Control Account)
S&P 500
Index
Stock market index based
on market capitalizations of
500 leading companies
publicly traded in the U.S.
stock market.
6-Year
Buffer: 
-10% and -20%
Dual Step Rate: 10%
(1)Except for the Barclays Risk Balanced, the performance of each Index associated with the Risk
Control Accounts does not include dividends paid on the securities comprising the Index, and
therefore, the performance of the Index does not reflect the full performance of those underlying
securities. This will reduce Index performance and will cause the Index to underperform a direct
investment in the underlying securities. The Barclays Risk Balanced Index reinvests dividends but
deducts a fee of 0.5% for the equity exposure, and 0.2% per year for the treasury exposure, and a
cost equal to SOFR plus 0.1145% for the equity component. Therefore, the aggregate fee will depend
on the Index's relative allocations to the equity and treasury components from time to time, which are
determined by the volatility control mechanism. SOFR refers to the Secured Overnight Financing
Rate, which was 3.87% as of December 31, 2025. The New York Fed publishes the SOFR on its
website each Business Day. These deductions will reduce Index performance, and the Index will
underperform similar portfolios from which these fees and costs are not deducted.
(2)We credit interest to each Risk Control Account at the end of each Interest Term by comparing the
change in the Index from the first day of the Interest Term to the last day of the Interest Term.
Because Index interest is calculated on a single point in time you may experience negative or flat
performance even though the Index experienced gains through some, or most, of the Interest Term.
(3)For Contracts issued on or before May 1, 2026, the minimum Participation Rate for this Risk Control
Account is 100%.
A-4
During the life of your Contract, the Fixed Account and a Risk Control Account with a 0% Floor, a
minimum 1% Cap Rate, and a minimum 100% Participation Rate will always be available.
Otherwise, we may add, change, or discontinue Allocation Options and Indices from time to time.
The remaining Allocation Options may have terms that are unacceptable to you and may not
provide any protection from Index losses, which could result in the loss of the entire amount of
your Contract Value.
We may not always make available Risk Control Accounts with Buffers or Boosts. However, if we offer
one or more Risk Control Accounts with Buffers, an option with a Buffer of -10% or more will be available.
If we offer one or more Risk Control Accounts with Boosts, an option with a Boost of 10% or more will be
available. To the extent we make available other Risk Control Accounts with Cap Rates, Participation
Rates, or Dual Step Rates, we will apply the following minimum guarantees:
•The Cap Rate for Risk Control Accounts with one-year Interest Terms will be at least 1%.
•The Cap Rate for Risk Control Accounts with six-year Interest Terms will be at least 10%. 
•The Dual Step Rate for six-year Interest Terms will be at least 10%.
•For Contracts issued on or before May 1, 2026, the Participation Rate will be at least 100%.
•For Contracts issued after May 1, 2026, the Participation Rate will be at least 10%.
Discontinued Risk Control Account Options
Existing Contract owners may have allocated funds to additional Risk Control Accounts that have been
discontinued. Discontinued Risk Control Accounts are not available for new or existing Contracts for any
new Interest Term that begins after the date set forth in the table below. For existing Contracts, at the end
of the current Interest Term, any funds in a discontinued Risk Control Account will be transferred to the
Fixed Account unless the owner elects otherwise on or before the end of the current Interest Term. Values
applied to the Fixed Account may earn a lower return than they would have earned in the discontinued
Risk Control Account.
Risk Control Account Crediting Strategy:  Buffer with Participation Rate and Cap Rate
Index
Type of
Index
Crediting
Period
Limit on Index Loss (if
held to the end of the
Crediting Period)
Minimum Limit on Index
Gain (for the Life of the Risk
Control Account)
Date
Discontinued
Barclays Risk
Balanced
Index
See table
above.
6-Year
Buffer:
-10% and -20%
•Minimum Cap Rate:10%
•Minimum Participation
Rate: 100%
May 1, 2026
Risk Control Account Crediting Strategy:  Boost with Participation Rate and Cap Rate
Index
Type of
Index
Crediting
Period
Limit on Index Loss (if
held to the end of the
Crediting Period)
Minimum Limit on Index
Gain (for the Life of the Risk
Control Account)
Date
Discontinued
Barclays Risk
Balanced
Index
See table
above.
6-Year
Boost:
10% and 20%
•Minimum Cap Rate:10%
•Minimum Participation
Rate: 100%
May 1, 2026
The following is a list of Fixed Account Options currently available under the Contract. We may change
the features of the Fixed Account Options listed below, offer new Fixed Account Options, and terminate
existing Fixed Account Options. We will provide you with written notice before doing so.
Name
Term
Minimum Guaranteed Interest Rate
Fixed Account
1 year
0.05%(1)
(1)  Full withdrawals or full surrenders from the Fixed Account are subject to a minimum nonforfeiture
value.
The availability of Allocation Options may vary by state and depending on the broker-dealer through which
the Contract is sold.
This Updating Summary Prospectus incorporates by reference the Prospectus and Statement of
Additional Information for the Contract, both dated May 1, 2026, as supplemented. The SAI may be
obtained, free of charge, in the same manner as the Prospectus.
EDGAR Contract Identifier: C000261255

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