Form 497VPU NYLIAC VARIABLE ANNUITY

April 15, 2025 10:48 AM EDT
UPDATING SUMMARY PROSPECTUS FOR EXISTING INVESTORS
May 1, 2025
New York Life Premier Variable Annuity- FP Series
From
NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION
Issued through
NYLIAC Variable Annuity Separate Account-III
NYLIAC Variable Annuity Separate Account-IV
This summary prospectus summarizes key features of the New York Life Premier Variable Annuity- FP Series policies.
Before you invest, you should review the prospectus for the New York Life Premier Variable Annuity- FP Series policies, which contains more information about the policy’s features, benefits, and risks. You can find this document and other information about the contract online at https://dfinview.com/NewYorkLife/TAHD/premier-fpseries. You can also obtain this information at no cost by calling our New York Life Annuities Service Center at 1-800-762-6212 or by sending an email request with your name and mailing address to [email protected].
You can sign up for electronic delivery of your summary prospectus, updates to the summary prospectus or other communications by logging into your account at www.newyorklifeannuities.com. If you sign up for electronic delivery, we will apply a one-time $30 e-delivery credit to your Accumulation Value in accordance with your allocation instructions in the Policy Year in which you register.
Additional information about certain investment products, including variable annuities, has been prepared by the SEC’s staff and is available at www.Investor.gov. The Securities and Exchange Commission (“SEC”) has not approved or disapproved of this security or passed upon the accuracy or adequacy of this summary prospectus. Any representation to the contrary is a criminal offense. The policies involve risks, including potential loss of principal invested. Policies are not deposits of, or guaranteed or endorsed by, any bank and are not federally insured by the FDIC, Federal Reserve Board, or any other agency.
Contacting NYLIAC
Certain service requests, including but not limited to, death benefit claims and surrenders, are required to be in writing.
All written service requests must be sent to the New York Life Annuities Service Center at one of the following addresses: 
 
Regular Mail
Express Mail
All written service
requests (except for
payments)
NYL Annuities - TPD
Mail Code7390
P.O. Box 7247
Philadelphia, PA 19170-7390
NYL Annuities - TPD
400 White Clay Center Drive
Attn: LOCKBOX #7390
Newark, DE 19711
Premium payments should be sent to the New York Life Annuities Service Center at one of the following addresses (acceptance of subsequent premium payments is subject to the sales standards we use to evaluate whether a recommended transaction related to your policy complies with applicable standards of conduct): 
 
Regular Mail
Express Mail
Premium Payments
NYL Annuities - TPD
Mail Code 7390
P.O. Box 7247
Philadelphia, PA 19170-7390
NYL Annuities - TPD
400 White Clay Center Drive
Attn: LOCKBOX #7390
Newark, DE 19711
Written service requests will be effective as of the Business Day they are received in Good Order at our service center at one of the addresses listed above. We consider a transaction to be in “Good Order” if it complies with our administrative procedures and all relevant laws and regulations, and the required information is complete and correct. Good Order means the actual receipt by us of instructions relating to the requested transaction in writing (or, if permitted, by telephone or electronically), along with all forms and other information or documentation necessary to complete the request. Faxed and e-mailed requests are not currently accepted.
1
Definitions
Accumulation Unit—An accounting unit we use to calculate the Variable Accumulation Value prior to the Annuity Commencement Date. Each Investment Division of the Separate Account has a distinct variable Accumulation Unit value.
Accumulation Value—The sum of the Variable Accumulation Value, the Fixed Account Accumulation Value (if applicable), and the DCA Advantage Account Accumulation Value of a policy.
Business Day—Generally, any day on which the New York Stock Exchange (NYSE) is open for trading. Our Business Day ends at 4:00 p.m. Eastern Time or the close of regular trading of the NYSE, if earlier.
Dollar Cost Averaging (DCA) Advantage Account Accumulation Value—The sum of premium payments allocated to the DCA Advantage Account, plus interest credited on those premium payments, less any transfers and partial withdrawals from the DCA Advantage Account, and less any surrender charges, policy service charges and rider charges deducted from the DCA Advantage Account. The DCA Advantage Account Accumulation Value will never be less than the DCA Advantage Account portion of the Nonforfeiture Value.
Dollar Cost Averaging (DCA) Advantage Account— An Allocation Option that permits dollar cost averaging over a six-month period and pays interest on amounts remaining in the account. Amounts are transferred from the DCA Advantage Account to the Investment Division(s) you choose proportionally on a monthly basis. We credit the DCA Advantage Account with a fixed interest rate. The benefits payable under the DCA Advantage Account (including principal and interest) are payable from NYLIAC’s general account and are subject to the claims-paying ability of NYLIAC.
Fixed Account—An account that is credited with a fixed interest rate which NYLIAC declares and is not part of the Separate Account. The benefits payable under the Fixed Account (including principal and interest) are payable from NYLIAC’s general account and are subject to the claims-paying ability of NYLIAC.
Fixed Account Accumulation Value—The sum of premium payments and , if allowable, transfers allocated to the Fixed Account, plus interest credited on those premium payments and, if allowable, transfers, less any transfers and partial withdrawals from the Fixed Account, and less any surrender charges, policy service charges and rider charges assessed on and deducted from the Fixed Account. The Fixed Account Accumulation Value will never be less than the Fixed Account portion of the Nonforfeiture Value.
Investment Division—The variable investment options available under the policy. Each Investment Division invests exclusively in shares of a specified Portfolio.
NYLIAC, we, our or us—New York Life Insurance and Annuity Corporation.
Owner (you, your) —The individual(s) or entity(ies) designated as the Owner in the policy, or as subsequently changed after issue, who is entitled to exercise all rights under the policy.
Policy Anniversary—An anniversary of the Policy Date shown on the Policy Data Page.
Policy Year—A year starting on the Policy Date. Subsequent Policy Years begin on each Policy Anniversary, unless otherwise indicated.
Portfolios —The mutual fund portfolios in which the corresponding Investment Divisions invest.
Separate Account—NYLIAC Variable Annuity Separate Account–III or NYLIAC Variable Annuity Separate Account–IV, each a segregated asset account we established to receive and invest premium payments paid under the policies. The Separate Account’s Investment Divisions, in turn, purchase shares of Portfolios.
Surrender Charge Free Amount—You may withdraw a certain amount from your policy each Policy Year without having to pay a surrender charge on that amount. We call this the Surrender Charge Free Amount. The maximum amount you may withdraw without a surrender charge in any given Policy Year is the greatest of either (i) 10% of your Accumulation Value as of your last Policy Anniversary (10% of your premium payments if the withdrawal is made in the first Policy Year), less any prior surrender charge free withdrawals you have already taken in that Policy Year; (ii) 10% of your Accumulation Value at the time of the withdrawal, less any prior surrender charge free withdrawals you have already taken in that Policy Year; or (iii) your Accumulation Value less your accumulated premium payments.
2
Surrender Charge Period—The period of time during which a partial withdrawal or surrender could be subject to a surrender charge. Each premium payment you make will have its own Surrender Charge Period applicable to that payment.
Variable Accumulation Value—The sum of the current Accumulation Unit value(s) for each of the Investment Divisions multiplied by the number of Accumulation Units held in the respective Investment Division.
3
Updated Information About Your Policy
 
The Information in this Updating Summary Prospectus is a summary of certain policy features that have
changed since May 1, 2024. This may not reflect all changes that have occurred since you purchased your
policy.
Name Change of Trust and
Portfolios
The name of the MainStay VP Funds Trust has changed to New York Life
Investments VP Funds Trust and for all MainStay Portfolios, all references to
“MainStay” in the Portfolio names are deleted and replaced with “NYLI” (New York
Life Investments).
The following Portfolios
are added as available
Investment Divisions
under the policy
NYLI VP MFS® Investors Trust — Initial or Service Class
NYLI VP MFS® Research — Initial or Service Class
NYLI VP Newton Technology Growth — Initial or Service Class
The following Portfolios
are removed as available
Investment Divisions
MFS® Investors Trust Series — Initial or Service Class
MFS® Research Series — Initial or Service Class
BNY Mellon IP Technology Growth Portfolio — Initial or Service Shares
Morgan Stanley VIF U.S. Real Estate Portfolio – Class II
The names of the
following Portfolios have
been changed:
NYLI VP Schroders Mid Cap Opportunities — Initial or Service Class (formerly
MainStay VP Wellington Mid Cap — Initial or Service Class)
NYLI VP Dimensional U.S. Equity — Initial Class or Service Class (formerly MainStay
VP Wellington U.S. Equity — Initial Class or Service Class)
The following subadvisers
were changed or deleted
References to Wellington Management Company LLP (“Wellington”), the subadviser
to the prior MainStay VP Wellington Mid Cap — Initial or Service Class were deleted
and replaced with Schroder Investment Management North America Inc.
References to Wellington, the subadviser to the prior MainStay VP Wellington U.S.
Equity — Initial Class or Service Class were deleted and replaced with Dimensional
Fund Advisors LP
References to IndexIQ, the subadviser to the NYLI VP Hedge Multi-Strategy and
NYLI VP S&P 500 Index — Initial Class or Service Class (formerly MainStay VP
Hedge Multi-Strategy and MainStay VP S&P 500 Index) were deleted
The following change was
made to the IPR
Certain current charges and percentages for determining the Guaranteed Amounts
under the IPR have been modified.
Portfolio Performance and
Expenses
For updated Portfolio performance and expense information, see the Appendix for the
Portfolios Available Under the Policy.
4
Important Information You Should Consider About The Policy
 
 
FEES AND EXPENSES
LOCATION IN
PROSPECTUS
Charges for Early
Withdrawal
If you withdraw more than the Surrender Charge Free Amount within 7
years following your last premium payment, you will be assessed a
surrender charge. The maximum surrender charge is 8% of the amount
withdrawn during the first Payment Year declining to 0% over that
seven-year period. For example, if you make an early withdrawal within
the first Payment Year, you could pay a surrender charge of up to
$8,000 on a $100,000 investment.
CHARGES AND
DEDUCTIONS –
Transaction
Expenses –
Surrender Charges
Transaction
Charges
We reserve the right to assess a transaction charge if you transfer cash
value between investment options more than 12 times a year, or if a
premium payment is returned for insufficient funds. Although we do not
currently charge for such transactions, we reserve the right to charge
up to $30 per transaction.
CHARGES AND
DEDUCTIONS –
Transaction
Expenses
Ongoing Fees
and Expenses
(annual charges)
The table below describes the fees and expenses that you may pay
each year, depending on the options you choose. Please refer to your
Policy Data Page for information about the specific fees you will pay
each year based on the options you have elected.
CHARGES AND
DEDUCTIONS –
Annual Policy
Expenses; Annual
Portfolio Expenses;
Optional Benefit
Expenses
 
 
ANNUAL FEE
MINIMUM
MAXIMUM
 
 
Base contract1
1.00%
1.30%
CHARGES AND
DEDUCTIONS –
Annual Policy
Expenses
 
Investment options (Portfolio fees
and expenses)2
0.38%
1.44%
CHARGES AND
DEDUCTIONS –
Annual Portfolio
Expenses
 
Optional benefits available for an
additional charge (for a single
optional benefit, if elected)3
0.25%
1.30%
CHARGES AND
DEDUCTIONS –
Optional Benefit
Expenses
 
1 As a percentage of Accumulation Value (Minimum Base Contract
Charge) and as a percentage of Adjusted Premium Payments
(Maximum Base Contract Charge).
2 As a percentage of average net Portfolio assets. The range in fees
and expenses is for the year ended December 31, 2024 and will
change from year to year.
3 The minimum fee reflects the current charge for the Annual Death
Benefit Rider, as an annualized percentage of the amount guaranteed
under the rider. The maximum fee reflects the current charge for the
Investment Preservation Rider - FP Series (7-year holding period), as
an annualized percentage of the amount that is guaranteed under the
rider.
 
5
 
Because your policy is customizable, the choices you make affect how
much you will pay. To help you understand the cost of owning your
policy, 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 policy, which could add
surrender charges that substantially increase costs.
 
 
LOWEST ANNUAL COST:
 
$1,420.17
HIGHEST ANNUAL COST
 
$3,262.13
 
 
Assumes:
•Investment of $100,000
•5% annual appreciation
•Least expensive combination of
Base Contract Charges and
Portfolio fees and expenses
•No optional benefits
•No sales charges
•No additional purchase
payments, transfers or
withdrawals
Assumes:
•Investment of $100,000
•5% annual appreciation
•Most expensive combination of
Base Contract Charges,
optional benefits, and Portfolio
fees and expenses
•No sales charges
•No additional purchase
payments, transfers or
withdrawals
 
 
 
RISKS
LOCATION IN
PROSPECTUS
Risk of Loss
You can lose money by investing in this policy.
PRINCIPAL RISKS
Not a Short-Term
Investment
This policy is not designed for short-term investing and is not
appropriate for an investor who readily needs access to cash.
Surrender charges apply for up to 7 years following your last premium
payment. They will reduce the value of your policy if you withdraw
money during that time. The benefits of tax deferral and living benefit
protections also mean the policy is more beneficial to investors with a
long time horizon. If you elect the Investment Preservation Rider – FP
Series, you will not receive a benefit under the rider unless you hold the
policy for at least the specified Holding Period applicable to the rider.
PRINCIPAL RISKS
Risks Associated
with Investment
Options
•An investment in this policy is subject to the risk of poor investment
performance and can vary depending on the performance of the
variable investment options (e.g., Portfolios) and guaranteed options
(e.g., the Fixed Account and DCA Advantage Account) you choose.
•Each investment option has its own unique risks.
•You should review the prospectuses for the available Portfolios and
the description in this prospectus of the Fixed Account and the DCA
Advantage Account before making an investment decision.
PRINCIPAL RISKS
Insurance
Company
Risks
An investment in the policy is subject to the risks related to NYLIAC,
including that any obligations, guarantees, and benefits of the policy
are subject to the claims-paying ability of NYLIAC. If NYLIAC
experiences financial distress, it may not be able to meet its obligations
to you. More information about NYLIAC is available upon request from
NYLIAC by calling the New York Life Annuities Service Center at
800-762-6212.
PRINCIPAL RISKS
6
 
RESTRICTIONS
LOCATION IN
PROSPECTUS
Investments
•We limit the number of Investment Divisions you may choose. You
may allocate premium payments to up to 18 separate Investment
Divisions, plus the Fixed Account, some of which may not be
available under your policy.
•We reserve the right to charge $30 for each transfer when you
transfer money between Investment Divisions in excess of 12 times in
a Policy Year.
•We reserve the right to limit transfers in circumstances of frequent
transfers or to prevent market timing.
•We reserve the right to remove, close, or substitute Portfolios as
investment options that are available under the policy.
THE
POLICIES—Policy
Application and
Premium Payments,
Transfers, and
Limits on Transfers
NYLIAC AND THE
SEPARATE
ACCOUNTS—
Additions,
Deletions, or
Substitutions of
Investments
Optional Benefits
•Certain optional benefits limit or restrict the investment options you
may select under the policy. We may change these restrictions in the
future.
•Certain optional benefits may limit withdrawals or other rights under
the policy.
•Under certain benefits, a withdrawal could reduce the value of a
benefit by more than the dollar amount of the withdrawal.
•You are required to have a minimum Accumulation Value for some
optional benefits.
•We may modify or discontinue an optional benefit at any time.
•Some optional benefits cannot be cancelled without surrendering
your policy.
•The amount of death benefit available under certain optional benefits
may vary depending on the date of death. Certain optional benefits
may offer a lesser death benefit at issue and require that the policy
be held for a minimum waiting period before the greater death benefit
will be payable. If you die before the end of the minimum waiting
period, the death benefit will be less than the greater death benefit
available after the minimum waiting period. Additionally, where there
is a reset of certain optional benefit riders, a new minimum waiting
period will be required before the greater death benefit will be
payable. If you die before the end of the new minimum waiting
period, the death benefit may be less than the greater death benefit
available after the new minimum waiting period.
DESCRIPTION OF
BENEFITS
 
TAXES
LOCATION IN
PROSPECTUS
Tax
Implications
•Consult with a tax professional to determine the tax implications of
an investment in, withdrawals from and surrenders of this policy.
•If you purchase the policy through a tax-qualified plan or individual
retirement account (IRA), such plan or IRA already provides tax
deferral under the Code and there are fees and charges in an annuity
that may not be included in such other investments. Therefore, the
tax deferral of the annuity does not provide additional benefits.
•Premiums that are made on a pre-tax basis as well as earnings on
your policy are taxed at ordinary income tax rates when you withdraw
them, and you may have to pay a 10% penalty tax if you take a
withdrawal before age 59½.
FEDERAL TAX
MATTERS
7
 
CONFLICTS OF INTEREST
LOCATION IN
PROSPECTUS
Investment
Professional
Compensation
Your registered representative may receive compensation for selling
this policy to you, in the form of commissions, asset-based
compensation, allowances for expenses, and other compensation
programs. The amount of compensation will vary depending on the
specific payment arrangements of the broker-dealer for whom your
registered representative works. This compensation may differ from the
compensation paid by other companies for sales of their products. 
Differences in compensation have the potential to influence the
recommendation made by your registered representative or
broker-dealer. Your registered representative may have a financial
incentive to offer or recommend this policy over another investment.
DISTRIBUTION AND
COMPENSATION
ARRANGEMENTS
Exchanges
Your registered representative may have a financial incentive to offer
you a new policy in place of the one you own. You should consider
exchanging your policy if you determine, after comparing the features,
fees, and risks of both policies, that it is in your best interest to
purchase the new policy rather than continue to own your existing
policy.
THE POLICIES –
Tax-Free
Section 1035
Exchanges
8
Appendix 1A
Portfolios Available Under the Policy
The following is a list of Portfolios available under the policy, which is subject to change, as discussed in the prospectus. Depending on the optional benefits you choose, you may not be able to invest in certain Portfolios. You can find the prospectuses and other information about the Portfolios online at https://dfinview.com/NewYorkLife/TAHD/premier-fpseries. You can also request this information at no cost by calling the New York Life Annuities Service Center at 800-762-6212 or by sending an email request with your name and mailing address to [email protected].
You may allocate your premium payments or other Accumulation Value to up to 18 different Investment Divisions at any one time in addition to the Fixed Account or the DCA Advantage Account.
The current expenses and performance information below reflects fees and expenses of the Portfolios but does not reflect the other fees and expenses that your policy may charge. Expenses would be higher and performance would be lower if these charges were included. Each Portfolio’s past performance is not necessarily an indication of future performance.
If you purchased the Investment Preservation Rider, you may not be able to invest in certain Portfolios. Your available Allocation Options are listed in APPENDIX 1B. 
Type
Portfolio
Adviser/Sub-adviser
Current
Expenses*
Average Annual Total Returns
(as of 12/31/24)
1 year
5 year
10 year
Large Cap Equity
NYLI VP American Century Sustainable Equity
(formerly NYLI VP American Century Sustainable
Equity) — Service Class
 
Adviser: New York Life Investment
Management LLC (“New York Life Investments”) /
Subadviser: American Century Investment
Management, Inc.
0.91%
19.54%
11.48%
9.62%
Asset Allocation
NYLI VP Balanced (formerly NYLI VP Balanced)
— Service Class
 
Adviser: New York Life Investments / Subadvisers:
NYL Investors LLC (“NYL Investors”) and
Wellington Management Company LLP
(“Wellington”)
0.96%
7.63%
6.45%
5.61%
Investment
Grade Bond
NYLI VP Bond (formerly NYLI VP Bond) —
Service Class
 
Adviser: New York Life Investments / Subadviser:
NYL Investors
0.79%
1.59%
(0.67)%
1.06%
Sector
NYLI VP CBRE Global Infrastructure (formerly
NYLI VP CBRE Global Infrastructure) — Service
Class
 
Adviser: New York Life Investments / Subadviser:
CBRE Investment Management Listed Real Assets
LLC
1.20%
7.59%
0.93%
N/A
Appendix 1A-1
Type
Portfolio
Adviser/Sub-adviser
Current
Expenses*
Average Annual Total Returns
(as of 12/31/24)
1 year
5 year
10 year
Asset Allocation
NYLI VP Conservative Allocation (formerly NYLI
VP Conservative Allocation) — Service Class
 
Adviser: New York Life Investments
0.76%
6.25%
3.81%
4.04%
Large Cap Equity
NYLI VP Dimensional U.S. Equity (formerly NYLI
VP Wellington U.S. Equity) — Service Class
 
Adviser: New York Life Investments / Subadviser:
Dimensional Fund Advisors LP
0.79%
23.56%
12.46%
11.06%
Large Cap Equity
NYLI VP Epoch U.S. Equity Yield (formerly NYLI
VP Epoch U.S. Equity Yield) — Service Class
 
Adviser: New York Life Investments / Subadviser:
Epoch Investment Partners, Inc. (“Epoch”)
0.93%
18.24%
8.81%
7.82%
Asset Allocation
NYLI VP Equity Allocation (formerly NYLI VP
Equity Allocation) — Service Class
 
Adviser: New York Life Investments
0.90%
11.59%
8.10%
7.31%
Sector
NYLI VP Fidelity Institutional AM® Utilities
(formerly NYLI VP Fidelity Institutional AM®
Utilities) — Service Class
 
Adviser: New York Life Investments / Subadviser:
FIAM LLC (“FIAM”)
0.93%
28.62%
9.12%
7.59%
Non-Investment
Grade Bond
NYLI VP Floating Rate (formerly NYLI VP Floating
Rate) — Service Class
 
Adviser: New York Life Investments / Subadviser:
NYL Investors
0.89%
7.82%
4.62%
4.26%
Asset Allocation
NYLI VP Growth Allocation (formerly NYLI VP
Growth Allocation) — Service Class
 
Adviser: New York Life Investments
0.85%
10.12%
7.14%
6.53%
Alternatives
NYLI VP Hedge Multi-Strategy (formerly NYLI VP
Hedge Multi-Strategy) — Service Class
 
Adviser: New York Life Investments
1.33%
6.27%
2.16%
0.21%
Asset Allocation
NYLI VP Income Builder (formerly NYLI VP
Income Builder) — Service Class
 
Adviser: New York Life Investments / Subadvisers:
Epoch and MacKay Shields LLC (“MacKay”)
0.87%
11.37%
4.60%
5.09%
Appendix 1A-2
Type
Portfolio
Adviser/Sub-adviser
Current
Expenses*
Average Annual Total Returns
(as of 12/31/24)
1 year
5 year
10 year
Asset Allocation
NYLI VP Janus Henderson Balanced (formerly
NYLI VP Janus Henderson Balanced) — Service
Class
 
Adviser: New York Life Investments / Subadviser:
Janus Henderson Investors US LLC (“Janus
Henderson”)
0.82%
15.43%
8.17%
8.46%
Non-Investment
Grade Bond
NYLI VP MacKay Convertible (formerly NYLI VP
MacKay Convertible) — Service Class
 
Adviser: New York Life Investments / Subadviser:
MacKay
0.82%
8.37%
8.68%
8.30%
Non-Investment
Grade Bond
NYLI VP MacKay High Yield Corporate Bond
(formerly NYLI VP MacKay High Yield Corporate
Bond) — Service Class
 
Adviser: New York Life Investments / Subadviser:
MacKay
0.83%
6.85%
3.89%
5.01%
Non-Investment
Grade Bond
NYLI VP MacKay Strategic Bond (formerly NYLI
VP MacKay Strategic Bond) — Service Class
 
Adviser: New York Life Investments / Subadviser:
MacKay
0.88%
6.88%
3.20%
3.00%
Investment
Grade Bond
NYLI VP MacKay U.S. Infrastructure Bond
(formerly NYLI VP MacKay U.S. Infrastructure
Bond) — Service Class
 
Adviser: New York Life Investments / Subadviser:
MacKay
0.82%
0.78%
(0.79)%
0.37%
Large Cap Equity
NYLI VP MFS® Investors Trust — Service Class
 
Adviser: New York Life Investments /
Subadviser: Massachusetts Financial Services
Company (“MFS”)
0.99%
N/A
N/A
N/A
Large Cap Equity
NYLI VP MFS® Research — Service Class
 
Adviser: New York Life Investments / Subadviser:
MFS
1.00%
N/A
N/A
N/A
Asset Allocation
NYLI VP Moderate Allocation (formerly NYLI VP
Moderate Allocation) — Service Class
 
Adviser: New York Life Investments
0.80%
8.46%
5.41%
5.30%
Sector
NYLI VP Natural Resources (formerly NYLI VP
Natural Resources) — Initial Class
 
Adviser: New York Life Investments / Subadviser:
Newton Investment Management North America,
LLC ("NIMNA")
0.84%
0.74%
15.53%
5.04%
Appendix 1A-3
Type
Portfolio
Adviser/Sub-adviser
Current
Expenses*
Average Annual Total Returns
(as of 12/31/24)
1 year
5 year
10 year
Sector
NYLI VP Newton Technology Growth — Service
Class
 
Adviser: New York Life Investments /
Subadviser: NIMNA
1.02%
N/A
N/A
N/A
Investment
Grade Bond
NYLI VP PIMCO Real Return (formerly NYLI VP
PIMCO Real Return) — Service Class
 
Adviser: New York Life Investments / Subadviser:
Pacific Investment Management Company LLC
(“PIMCO”)
1.07%
1.95%
1.77%
1.98%
International/
Global
Equity
NYLI VP PineStone International Equity (formerly
NYLI VP PineStone International Equity) —
Service Class
 
Adviser: New York Life Investments / Subadviser:
PineStone Asset Management Inc.
1.10%
4.25%
1.43%
4.59%
Large Cap Equity
NYLI VP S&P 500 Index (formerly NYLI VP S&P
500 Index) — Service Class
 
Adviser: New York Life Investments
0.37%
24.52%
14.10%
12.62%
Small/Mid Cap
Equity
NYLI VP Schroders Mid Cap Opportunities
(formerly NYLI VP Wellington Mid Cap) — Service
Class
 
Adviser: New York Life Investments / Subadviser:
Schroder Investment Management North America
Inc.
1.08%
9.70%
5.56%
5.97%
Small/Mid Cap
Equity
NYLI VP Small Cap Growth (formerly NYLI VP
Small Cap Growth) — Service Class
 
Adviser: New York Life Investments / Subadvisers:
Brown Advisory LLC and Segall Bryant & Hamill,
LLC
1.10%
10.13%
7.49%
8.06%
Money Market
NYLI VP U.S. Government Money Market (formerly
NYLI VP U.S. Government Money Market) — Initial
Class
 
Adviser: New York Life Investments / Subadviser:
NYL Investors
0.28%
5.02%
2.25%
1.48%
Small/Mid Cap
Equity
NYLI VP Wellington Small Cap (formerly NYLI VP
Wellington Small Cap) — Service Class
 
Adviser: New York Life Investments / Subadviser:
Wellington
1.00%
14.13%
5.79%
N/A
Appendix 1A-4
Type
Portfolio
Adviser/Sub-adviser
Current
Expenses*
Average Annual Total Returns
(as of 12/31/24)
1 year
5 year
10 year
Large Cap Equity
NYLI VP Winslow Large Cap Growth (formerly
NYLI VP Winslow Large Cap Growth) — Service
Class
 
Adviser: New York Life Investments
/ Subadviser: Winslow Capital Management, LLC
0.99%
29.28%
16.57%
14.99%
Large Cap Equity
AB VPS Relative Value Portfolio — Class B
 
Adviser: AllianceBernstein L.P.
0.86%
12.76%
9.54%
9.39%
Asset Allocation
American Funds IS Asset Allocation Fund — Class
4
 
Adviser: Capital Research and Management
CompanySM (“CRMC”)
0.79%
16.11%
8.04%
8.05%
Investment
Grade Bond
American Funds IS The Bond Fund of America®
— Class 4
 
Adviser: CRMC
0.73%
0.98%
0.07%
1.42%
Investment
Grade Bond
American Funds IS Capital World Bond Fund® —
Class 4
 
Adviser: CRMC
0.98%
(3.32)%
(2.65)%
(0.33)%
International/
Global
Equity
American Funds IS Global Small Capitalization
Fund — Class 4
 
Adviser: CRMC
1.15%
2.12%
2.74%
5.54%
Large Cap Equity
American Funds IS Growth Fund — Class 4
 
Adviser: CRMC
0.84%
31.29%
18.53%
16.29%
International/
Global
Equity
American Funds IS New World Fund® — Class 4
 
Adviser: CRMC
1.07%
6.33%
4.29%
5.96%
Investment
Grade Bond
American Funds IS U.S. Government Securities
Fund® — Class 4
 
Adviser: CRMC
0.75%
0.44%
(0.13)%
0.84%
Large Cap Equity
American Funds IS Washington Mutual Investors
Fund — Class 4
 
Adviser: CRMC
0.75%
18.85%
11.92%
9.99%
Asset Allocation
BlackRock® Global Allocation V.I. Fund — Class III
 
Adviser: BlackRock Advisors, LLC (“BlackRock”) /
Subadvisers: BlackRock (Singapore) Limited and
BlackRock International Limited
1.02%
8.93%
5.72%
5.32%
Appendix 1A-5
Type
Portfolio
Adviser/Sub-adviser
Current
Expenses*
Average Annual Total Returns
(as of 12/31/24)
1 year
5 year
10 year
Non-Investment
Grade Bond
BlackRock® High Yield V.I. Fund — Class III
 
Adviser: BlackRock / Subadviser: BlackRock
International Limited
0.78%
7.85%
4.17%
4.74%
Large Cap Equity
BNY Mellon Sustainable U.S. Equity Portfolio —
Service Shares
 
Adviser: BNY Mellon Investment Adviser, Inc. /
Subadviser: Newton Investment Management
Limited
0.92%
24.58%
13.18%
11.25%
Large Cap Equity
ClearBridge Variable Appreciation Portfolio —
Class II
 
Adviser: Franklin Templeton Fund Adviser, LLC
("FTFA”) / Subadviser: ClearBridge Investments,
LLC
0.95%
22.37%
12.50%
N/A
Sector
Columbia Variable Portfolio — Commodity
Strategy Fund — Class 2++
 
Adviser: Columbia Management Investment
Advisers, LLC (“Columbia”) / Subadviser:
Threadneedle International Limited
1.00%
7.09%
8.94%
2.15%
Non-Investment
Grade Bond
Columbia Variable Portfolio — Emerging Markets
Bond Fund — Class 2
 
Adviser: Columbia
1.00%
6.13%
0.46%
2.66%
Investment
Grade Bond
Columbia Variable Portfolio — Intermediate Bond
Fund — Class 2
 
Adviser: Columbia
0.77%
1.73%
(0.06)%
1.65%
Small/Mid Cap
Equity
Columbia Variable Portfolio — Small Cap Value
Fund — Class 2
 
Adviser: Columbia
1.13%
8.67%
10.98%
8.98%
Alternatives
DWS Alternative Asset Allocation VIP — Class B
 
Adviser: DWS Investment Management Americas
Inc. / Subadviser: RREEF America LLC
1.26%
5.30%
3.97%
2.83%
Investment
Grade Bond
Fidelity® VIP Bond Index Portfolio — Service Class
2
 
Adviser: Fidelity Management & Research
Company LLC (“FMR”) / Subadvisers: Other
investment advisers
0.39%
1.00%
(0.72)%
N/A
Appendix 1A-6
Type
Portfolio
Adviser/Sub-adviser
Current
Expenses*
Average Annual Total Returns
(as of 12/31/24)
1 year
5 year
10 year
Large Cap Equity
Fidelity® VIP ContrafundSM Portfolio — Service
Class 2
 
Adviser: FMR / Subadvisers: Other investment
advisers
0.81%
33.45%
16.74%
13.33%
International/
Global
Equity
Fidelity® VIP Emerging Markets Portfolio —
Service Class 2
 
Adviser: FMR / Subadvisers: Other investment
advisers
1.13%
9.71%
4.09%
5.78%
Large Cap Equity
Fidelity® VIP Equity-Income PortfolioSM — Service
Class 2
 
Adviser: FMR / Subadvisers: Other investment
advisers
0.72%
15.06%
9.80%
8.94%
Small/Mid Cap
Equity
Fidelity® VIP Extended Market Index Portfolio —
Service Class 2
 
Adviser: FMR / Subadviser: Geode Capital
Management, LLC (“Geode”)
0.38%
12.03%
8.53%
N/A
Asset Allocation
Fidelity® VIP FundsManager® 60% Portfolio —
Service Class
 
Adviser: FMR
0.66%
9.58%
6.57%
6.67%
Large Cap Equity
Fidelity® VIP Growth Opportunities Portfolio —
Service Class 2
 
Adviser: FMR / Subadvisers: Other investment
advisers
0.82%
38.56%
18.46%
17.93%
Sector
Fidelity® VIP Health Care Portfolio — Service
Class 2
 
Adviser: FMR / Subadvisers: Other investment
advisers
0.84%
4.86%
5.19%
7.81%
International/
Global
Equity
Fidelity® VIP International Index Portfolio —
Service Class 2
 
Adviser: FMR / Subadviser: Geode
0.42%
4.82%
3.83%
N/A
Investment
Grade Bond
Fidelity® VIP Investment Grade Bond Portfolio —
Service Class 2
 
Adviser: FMR / Subadvisers: Other investment
advisers
0.63%
1.50%
0.20%
1.68%
Small/Mid Cap
Equity
Fidelity® VIP Mid Cap Portfolio — Service Class 2
 
Adviser: FMR / Subadvisers: Other investment
advisers
0.82%
17.18%
11.06%
8.94%
Appendix 1A-7
Type
Portfolio
Adviser/Sub-adviser
Current
Expenses*
Average Annual Total Returns
(as of 12/31/24)
1 year
5 year
10 year
Asset Allocation
Franklin Templeton Aggressive Model Portfolio —
Class II
 
Adviser: FTFA / Subadviser: Franklin Advisers, Inc.
(“Franklin Advisers”)
0.88%
18.02%
N/A
N/A
Asset Allocation
Franklin Templeton Moderately Aggressive Model
Portfolio — Class II
 
Adviser: FTFA / Subadviser: Franklin Advisers
0.85%
14.28%
N/A
N/A
Asset Allocation
Franklin Templeton Moderate Model Portfolio —
Class II
 
Adviser: FTFA / Subadviser: Franklin Advisers
0.83%
11.95%
N/A
N/A
Asset Allocation
Franklin Templeton Moderately Conservative
Model Portfolio — Class II
 
Adviser: FTFA / Subadviser: Franklin Advisers
0.84%
9.33%
N/A
N/A
Asset Allocation
Franklin Templeton Conservative Model
Portfolio — Class II
 
Adviser: FTFA / Subadviser: Franklin Advisers
0.85%
6.15%
N/A
N/A
International/
Global
Equity
Invesco V.I. EQV International Equity Fund —
Series II Shares
 
Adviser: Invesco Advisers, Inc. (“Invesco”)
1.15%
0.34%
2.97%
4.10%
Small/Mid Cap
Equity
Invesco V.I. Main Street Small Cap Fund® —
Series II Shares
 
Adviser: Invesco
1.11%
12.41%
10.21%
8.73%
Small/Mid Cap
Equity
Janus Henderson Enterprise Portfolio — Service
Shares
 
Adviser: Janus Henderson
0.97%
15.32%
9.61%
12.12%
International/
Global
Equity
Janus Henderson Global Research Portfolio —
Service Shares
 
Adviser: Janus Henderson
0.97%
23.27%
12.07%
10.27%
Small/Mid Cap
Equity
Macquarie VIP Small Cap Value Series — Service
Class
 
Adviser: Delaware Management Company, a
series of Macquarie Investment Management
Business Trust /
Subadviser: Macquarie Investment Management
Global Limited
1.04%
11.02%
6.83%
7.30%
Appendix 1A-8
Type
Portfolio
Adviser/Sub-adviser
Current
Expenses*
Average Annual Total Returns
(as of 12/31/24)
1 year
5 year
10 year
International
Equity
MFS® International Intrinsic Value Portfolio —
Service Class
 
Adviser: MFS
1.14%
6.97%
4.88%
7.26%
Mid Cap
Equity
MFS® Mid Cap Value Portfolio — Service Class
 
Adviser: MFS
1.04%
13.52%
9.47%
8.78%
International/
Global
Equity
MFS® Research International Portfolio — Service
Class
 
Adviser: MFS
1.14%
2.78%
3.64%
4.95%
Small/Mid Cap
Equity
Neuberger Berman AMT Mid Cap Growth
Portfolio — Class S
 
Adviser: Neuberger Berman Investment Advisers
LLC
1.10%
23.76%
10.35%
10.25%
Investment
Grade Bond
PIMCO VIT Income Portfolio — Advisor Class
 
Adviser: PIMCO
1.16%
5.30%
2.61%
N/A
Investment
Grade Bond
PIMCO VIT International Bond Portfolio (U.S.
Dollar-Hedged) — Advisor Class
 
Adviser: PIMCO
1.11%
5.36%
1.24%
2.41%
Investment
Grade Bond
PIMCO VIT Low Duration Portfolio — Advisor
Class
 
Adviser: PIMCO
0.77%
4.39%
0.98%
1.18%
Investment
Grade Bond
PIMCO VIT Short-Term Portfolio — Advisor Class
 
Adviser: PIMCO
0.72%
5.95%
2.66%
2.29%
Investment
Grade Bond
PIMCO VIT Total Return Portfolio — Advisor Class
 
Adviser: PIMCO
0.89%
2.43%
(0.13)%
1.43%
Sector
Principal VC Real Estate Securities Account —
Class 2
 
Adviser: Principal Global Investors, LLC /
Subadviser: Principal Real Estate Investors, LLC
1.04%
5.41%
3.65%
5.99%
International/
Global Equity
Putnam VT International Value Fund — Class IB
 
Adviser: Putnam Investment Management, LLC /
Subadvisers: Putnam Investments Limited and The
Putnam Advisory Company, LLC
1.07%
5.21%
6.81%
5.46%
Large Cap Equity
Voya Growth and Income Portfolio — Class S
Adviser: Voya Investments, LLC / Subadviser:
Voya Investment Management Co. LLC
0.92%
23.56%
14.98%
12.27%
Appendix 1A-9
Type
Portfolio
Adviser/Sub-adviser
Current
Expenses*
Average Annual Total Returns
(as of 12/31/24)
1 year
5 year
10 year
Investment
Grade Bond
Western Asset Core Plus VIT Portfolio — Class II
 
Adviser: FTFA / Subadvisers: Western Asset
Management Company, LLC; Western Asset
Management Company Limited in London;
Western Asset Management Company Pte. Ltd. in
Singapore; and Western Asset Management
Company Ltd. in Japan
0.78%
(0.86)%
(1.42)%
N/A
+
Closed for policyowners who were not invested in the Investment Division on November 23, 2020, and closed for other policyowners if all your Accumulation Value is removed from the Investment Division on or after November 23, 2020.
*
Current Expenses take into account expense reimbursement or fee waiver arrangements in place that are generally expected to continue through April 30, 2026 and may be terminated at any time thereafter at the option of the Fund. Annual expenses for the Portfolio for the year ended December 31, 2024 reflect temporary fee reductions under such an arrangement.
Appendix 1A-10
Appendix 1B
Model Portfolios, Investment Divisions and Asset Allocation Models available with IPR (for policies issued on or after May 1, 2018)
Option 1 – Franklin Templeton Model Portfolios 
Moderately Aggressive
Moderate
100%
Franklin Templeton Moderately Aggressive Model
Portfolio
100%
Franklin Templeton Moderate Model Portfolio
Moderately Conservative
Conservative (only available for 20-year holding period)
100%
Franklin Templeton Moderately Conservative Model
Portfolio
100%
Franklin Templeton Conservative Model Portfolio
Option 2 – Choose Your Own Investment Divisions 
Category A:
 
Minimum Allocation
30
%
 
Maximum Allocation
100
%
 
 
Subcategory I Funds (Minimum Allocation 10% - total among all the subcategory I Funds)
NYLI VP Bond
NYLI VP MacKay U.S. Infrastructure Bond
NYLI VP PIMCO Real Return
NYLI VP U.S. Government Money Market
American Funds IS The Bond Fund of America®
American Funds IS Capital World Bond Fund®
American Funds IS U.S. Government Securities Fund®
Columbia Variable Portfolio — Intermediate Bond Fund
Fidelity® VIP Bond Index Portfolio
Fidelity® VIP Investment Grade Bond Portfolio
PIMCO VIT Income Portfolio
PIMCO VIT International Bond Portfolio (U.S.
Dollar-Hedged)
PIMCO VIT Low Duration Portfolio
PIMCO VIT Short-Term Portfolio
PIMCO VIT Total Return Portfolio
Western Asset Core Plus VIT Portfolio
Subcategory II Funds
 
NYLI VP Floating Rate
NYLI VP MacKay High Yield Corporate Bond
NYLI VP MacKay Strategic Bond
BlackRock® High Yield V.I. Fund
Columbia Variable Portfolio — Emerging Markets Bond
Category B:
 
Minimum Allocation
0
%
 
Maximum Allocation
70
%
 
Category B Funds
 
NYLI VP American Century Sustainable Equity
NYLI VP Dimensional U.S. Equity
NYLI VP Epoch U.S. Equity Yield
NYLI VP Hedge Multi-Strategy
NYLI VP MacKay Convertible
NYLI VP MFS® Investors Trust
NYLI VP MFS® Research
NYLI VP S&P 500 Index
NYLI VP Winslow Large Cap Growth
AB VPS Relative Value Portfolio
 
American Funds IS Growth Fund
American Funds IS Washington Mutual Investors FundSM
BNY Mellon Sustainable U.S. Equity Portfolio
ClearBridge Variable Appreciation Portfolio
DWS Alternative Asset Allocation VIP
Fidelity® VIP ContrafundSM Portfolio
Fidelity® VIP Equity-Income PortfolioSM
Fidelity® VIP Growth Opportunities Portfolio
Voya Growth and Income Portfolio
Appendix 1B-1
Category C:
 
Minimum Allocation
0
%
 
Maximum Allocation
25
%
 
 
Subcategory I Funds (Maximum Allocation 15% - total among all the subcategory I Funds)
NYLI VP Schroders Mid Cap Opportunities
NYLI VP Small Cap Growth
NYLI VP Wellington Small Cap
Columbia Variable Portfolio — Small Cap Value
Fidelity® VIP Extended Market Index Portfolio
Fidelity® VIP Mid Cap Portfolio
Invesco V.I. Main Street Small Cap Fund®
Janus Henderson Enterprise Portfolio
Macquarie VIP Small Cap Value Series
MFS® Mid Cap Value Portfolio
Neuberger Berman AMT Mid Cap Growth Portfolio
 
Subcategory II Funds (Maximum Allocation 15% - total among all the subcategory II Funds)
NYLI VP PineStone International Equity
American Funds IS Global Small Capitalization Fund
American Funds IS New World Fund®
Fidelity® VIP Emerging Markets Portfolio
Fidelity® VIP International Index Portfolio
Invesco V.I. EQV International Equity Fund
Janus Henderson Global Research Portfolio
MFS® International Intrinsic Value Portfolio
MFS® Research International Portfolio
Putnam VT International Value Fund
Subcategory III Funds (Maximum Allocation 10% - total among all the subcategory III Funds)
NYLI VP CBRE Global Infrastructure
NYLI VP Fidelity Institutional AM® Utilities
NYLI VP Natural Resources
NYLI VP Newton Technology Growth
Columbia Variable Portfolio — Commodity Strategy
Fidelity® VIP Health Care Portfolio
Principal VC Real Estate Securities Account
Option 3 – Asset Allocation Funds: 
Category D:
 
Minimum Allocation
100
%
 
Category D Asset Allocation Funds
 
NYLI VP Balanced
NYLI VP Conservative Allocation
NYLI VP Income Builder
NYLI VP Janus Henderson Balanced
NYLI VP Moderate Allocation
American Funds IS Asset Allocation Fund
BlackRock® Global Allocation V.I. Fund
Fidelity® VIP FundsManager® 60% Portfolio
Franklin Templeton Moderately Aggressive Model Portfolio
Franklin Templeton Moderate Model Portfolio
Franklin Templeton Moderately Conservative Model Portfolio
Franklin Templeton Conservative Model Portfolio
 
Option 4 – Asset Allocation Models (subject to availability) 
Moderately Aggressive
Moderate
10%
NYLI VP S&P 500 Index
10%
NYLI VP S&P 500 Index
10%
DWS Alternative Asset Allocation VIP
10%
DWS Alternative Asset Allocation VIP
7%
PIMCO VIT Total Return Portfolio
8%
NYLI VP Bond
7%
NYLI VP MacKay High Yield Corporate Bond
7%
PIMCO VIT Total Return Portfolio
7%
American Funds IS Washington Mutual Investors FundSM
7%
Fidelity® VIP Bond Index Portfolio
7%
NYLI VP Schroders Mid Cap Opportunities
7%
NYLI VP MacKay High Yield Corporate Bond
6%
NYLI VP Bond
6%
NYLI VP MacKay U.S. Infrastructure Bond
Appendix 1B-2
Moderately Aggressive
Moderate
6%
NYLI VP MFS® Investors Trust
5%
NYLI VP PIMCO Real Return
5%
NYLI VP PIMCO Real Return
5%
Columbia Variable Portfolio — Emerging Markets Bond
5%
Columbia Variable Portfolio — Emerging Markets Bond
5%
NYLI VP MFS® Investors Trust
5%
NYLI VP MFS® Research
5%
NYLI VP MFS® Research
5%
Fidelity® VIP Equity-Income PortfolioSM
5%
Fidelity® VIP Equity-Income PortfolioSM
5%
ClearBridge Variable Appreciation Portfolio
5%
American Funds IS Washington Mutual Investors FundSM
5%
NYLI VP PineStone International Equity
5%
NYLI VP Schroders Mid Cap Opportunities
5%
American Funds IS New World Fund®
5%
American Funds IS New World Fund®
5%
MFS® International Intrinsic Value Portfolio
5%
MFS® International Intrinsic Value Portfolio
 
Moderately Conservative
Conservative
10%
NYLI VP Bond
14%
PIMCO VIT International Bond Port (U.S. Dollar-Hedged)
10%
PIMCO VIT Total Return Portfolio
12%
NYLI VP Bond
10%
DWS Alternative Asset Allocation VIP
11%
PIMCO VIT Total Return Portfolio
9%
Fidelity® VIP Bond Index Portfolio
10%
NYLI VP MacKay U.S. Infrastructure Bond
8%
NYLI VP MacKay U.S. Infrastructure Bond
10%
Fidelity® VIP Bond Index Portfolio
7%
NYLI VP MacKay High Yield Corporate Bond
10%
DWS Alternative Asset Allocation VIP
6%
NYLI VP PIMCO Real Return
7%
NYLI VP PIMCO Real Return
5%
PIMCO VIT International Bond Port (U.S. Dollar-Hedged)
7%
NYLI VP MacKay High Yield Corporate Bond
5%
Columbia Variable Portfolio — Emerging Markets Bond
5%
Columbia Variable Portfolio — Emerging Markets Bond
5%
NYLI VP S&P 500 Index
4%
BlackRock® High Yield V.I. Fund
5%
NYLI VP MFS® Investors Trust
4%
American Funds IS Washington Mutual Investors FundSM
5%
NYLI VP MFS® Research
3%
NYLI VP MFS® Research
5%
Fidelity® VIP Equity-Income PortfolioSM
3%
NYLI VP Schroders Mid Cap Opportunities
5%
American Funds IS Washington Mutual Investors FundSM
 
 
5%
NYLI VP Schroders Mid Cap Opportunities
 
 
Appendix 1B-3
Appendix 1C
Model Portfolios, Investment Divisions and Asset Allocation Models available with IPR (for policies issued before May 1, 2018)
Option 1 – Choose Your Own Investment Divisions 
Asset Allocation Categories:
 
Category A:
 
Minimum Allocation
30
%
 
Maximum Allocation
100
%
 
Category A Funds
 
NYLI VP Bond
Columbia Variable Portfolio — Intermediate Bond Fund
NYLI VP Floating Rate
Fidelity® VIP Bond Index Portfolio
NYLI VP MacKay High Yield Corporate Bond
Fidelity® VIP Investment Grade Bond Portfolio
NYLI VP MacKay Strategic Bond
PIMCO VIT Income Portfolio
NYLI VP MacKay U.S. Infrastructure Bond
PIMCO VIT International Bond Port (U.S. Dollar-Hedged)
NYLI VP U.S. Government Money Market
PIMCO VIT Low Duration Portfolio
American Funds IS The Bond Fund of America®
PIMCO VIT Short-Term Portfolio
American Funds IS Capital World Bond Fund®
PIMCO VIT Total Return Portfolio
American Funds IS U.S. Government Securities Fund®
Western Asset Core Plus VIT Portfolio
BlackRock® High Yield V.I. Fund
 
Columbia Variable Portfolio — Emerging Markets Bond
 
Category B:
 
Minimum Allocation
0
%
 
Maximum Allocation
70
%
 
Category B Funds
 
NYLI VP American Century Sustainable Equity
NYLI VP Winslow Large Cap Growth
NYLI VP Balanced
AB VPS Relative Value Portfolio
NYLI VP Conservative Allocation
American Funds IS Asset Allocation Fund
NYLI VP Dimensional U.S. Equity
American Funds IS Growth Fund
NYLI VP Epoch U.S. Equity Yield
American Funds IS Washington Mutual Investors Fund
NYLI VP Equity Allocation
BlackRock® Global Allocation V.I. Fund
NYLI VP Fidelity Institutional AM® Utilities
BNY Mellon Sustainable U.S. Equity Portfolio
NYLI VP Growth Allocation
ClearBridge Variable Appreciation Portfolio
NYLI VP Hedge Multi-Strategy
DWS Alternative Asset Allocation VIP
NYLI VP Income Builder
Fidelity® VIP ContrafundSM Portfolio
NYLI VP Janus Henderson Balanced
Fidelity® VIP FundsManager® 60% Portfolio
NYLI VP MacKay Convertible
Fidelity® VIP Growth Opportunities Portfolio
NYLI VP MFS® Investors Trust
Franklin Templeton Moderately Aggressive Model Portfolio
NYLI VP MFS® Research
Franklin Templeton Moderate Model Portfolio
NYLI VP Moderate Allocation
Franklin Templeton Moderately Conservative Model Portfolio
NYLI VP S&P 500 Index
Franklin Templeton Conservative Model Portfolio
 
Voya Growth and Income Portfolio
 
Appendix 1C-1
Category C:
 
Minimum Allocation
0
%
 
Maximum Allocation
10
%
 
Category C Funds
 
NYLI VP CBRE Global Infrastructure
NYLI VP Natural Resources
NYLI VP Newton Technology Growth
NYLI VP PineStone International Equity
NYLI VP Schroders Mid Cap Opportunities
NYLI VP Small Cap Growth
NYLI VP Wellington Small Cap
American Funds IS Global Small Capitalization Fund
American Funds IS New World Fund®
Columbia Variable Portfolio — Commodity Strategy
Columbia Variable Portfolio — Small Cap Value
Fidelity® VIP Emerging Markets Portfolio
Fidelity® VIP Equity-Income PortfolioSM
Fidelity® VIP Extended Market Index Portfolio
Fidelity® VIP Health Care Portfolio
Fidelity® VIP International Index Portfolio
Fidelity® VIP Mid Cap Portfolio
Invesco V.I. EQV International Equity Fund
Invesco V.I. Main Street Small Cap Fund®
Janus Henderson Enterprise Portfolio
Janus Henderson Global Research Portfolio
Macquarie VIP Small Cap Value Series
MFS® International Intrinsic Value Portfolio
MFS® Mid Cap Value Portfolio
MFS® Research International Portfolio
Neuberger Berman AMT Mid Cap Growth Portfolio
Principal VC Real Estate Securities
Putnam VT International Value
Option 2 – Franklin Templeton Model Portfolios 
Moderately Aggressive
Moderate
100%
Franklin Templeton Moderately Aggressive Model
Portfolio
100%
Franklin Templeton Moderate Model Portfolio
Moderately Conservative
Conservative (only available for 20-year holding period)
100%
Franklin Templeton Moderately Conservative Model
Portfolio
100%
Franklin Templeton Conservative Model Portfolio
Option 3 - Asset Allocation Models (subject to availability) 
Moderately Aggressive
Moderate
10%
NYLI VP S&P 500 Index
10%
NYLI VP S&P 500 Index
10%
DWS Alternative Asset Allocation VIP
10%
DWS Alternative Asset Allocation VIP
7%
PIMCO VIT Total Return Portfolio
8%
NYLI VP Bond
7%
NYLI VP MacKay High Yield Corporate Bond
7%
PIMCO VIT Total Return Portfolio
7%
American Funds IS Washington Mutual Investors FundSM
7%
Fidelity® VIP Bond Index Portfolio
7%
NYLI VP Schroders Mid Cap Opportunities
7%
NYLI VP MacKay High Yield Corporate Bond
6%
NYLI VP Bond
6%
NYLI VP MacKay U.S. Infrastructure Bond
6%
NYLI VP MFS® Investors Trust
5%
NYLI VP PIMCO Real Return
5%
NYLI VP PIMCO Real Return
5%
Columbia Variable Portfolio — Emerging Markets Bond
5%
Columbia Variable Portfolio — Emerging Markets Bond
5%
NYLI VP MFS® Investors Trust
5%
NYLI VP MFS® Research
5%
NYLI VP MFS® Research
5%
Fidelity® VIP Equity-Income PortfolioSM
5%
Fidelity® VIP Equity-Income PortfolioSM
5%
ClearBridge Variable Appreciation Portfolio
5%
American Funds IS Washington Mutual Investors FundSM
5%
NYLI VP PineStone International Equity
5%
NYLI VP Schroders Mid Cap Opportunities
5%
American Funds IS New World Fund®
5%
American Funds IS New World Fund®
5%
MFS® International Intrinsic Value Portfolio
5%
MFS® International Intrinsic Value Portfolio
 
Moderately Conservative
Conservative
10%
NYLI VP Bond
14%
PIMCO VIT International Bond Port (U.S. Dollar-Hedged)
10%
PIMCO VIT Total Return Portfolio
12%
NYLI VP Bond
Appendix 1C-2
Moderately Conservative
Conservative
10%
DWS Alternative Asset Allocation VIP
11%
PIMCO VIT Total Return Portfolio
9%
Fidelity® VIP Bond Index Portfolio
10%
NYLI VP MacKay U.S. Infrastructure Bond
8%
NYLI VP MacKay U.S. Infrastructure Bond
10%
Fidelity® VIP Bond Index Portfolio
7%
NYLI VP MacKay High Yield Corporate Bond
10%
DWS Alternative Asset Allocation VIP
6%
NYLI VP PIMCO Real Return
7%
NYLI VP PIMCO Real Return
5%
PIMCO VIT International Bond Port (U.S. Dollar-Hedged)
7%
NYLI VP MacKay High Yield Corporate Bond
5%
Columbia Variable Portfolio — Emerging Markets Bond
5%
Columbia Variable Portfolio — Emerging Markets Bond
5%
NYLI VP S&P 500 Index
4%
BlackRock® High Yield V.I. Fund
5%
NYLI VP MFS® Investors Trust
4%
American Funds IS Washington Mutual Investors FundSM
5%
NYLI VP MFS® Research
3%
NYLI VP MFS® Research
5%
Fidelity® VIP Equity-Income PortfolioSM
3%
NYLI VP Schroders Mid Cap Opportunities
5%
American Funds IS Washington Mutual Investors FundSM
 
 
5%
NYLI VP Schroders Mid Cap Opportunities
 
 
Appendix 1C-3
This Summary Prospectus incorporates by reference the New York Life Premier Variable Annuity- FP Series full statutory prospectus and the Statement of Additional Information (SAI), both dated May 1, 2025, as amended or supplemented. The full statutory prospectus and the SAI are posted on our website, https://dfinview.com/NewYorkLife/TAHD/premier-fpseries. The full prospectus and SAI for the policy may be obtained, free of charge, in any manner shown on the front page of this Summary Prospectus.
Reports and other information about the Separate Accounts are available on the SEC’s website at https://www.sec.gov, and copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: [email protected].
Separate Account III EDGAR contract identifier #C000193957
 

Separate Account IV EDGAR contract identifier #C000193958

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