Form N-VP/A AMERICAN SEPARATE ACCOUN

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July 15, 2024 10:55 AM EDT

Supplement, dated July 15, 2024

to Annual Notice to Contract Owners

dated May 1, 2024

Wilton Reassurance Life Company of New York

American Separate Account No. 2

Individual Retirement Annuity Contracts (“IRA Contracts”) and

Flexible Premium Deferred Annuity Contracts (“FPA Contracts”)

The following supplemental information should be read in conjunction with the Annual Notice to Contract Owners dated May 1, 2024 for the IRA Contracts and FPA Contracts issued by Wilton Reassurance Life Company of New York, formerly known as The American Life Insurance Company of New York (the “Company”) through its American Separate Account No. 2 (the “Separate Account”). Special terms not defined herein have the meanings ascribed to them in your Prospectus.

The following information replaces the “Fees and Expenses” subsection of the “IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE IRA CONTRACTS AND FPA CONTRACTS” section of your Notice:

 

   
FEES AND EXPENSES   LOCATION IN
PROSPECTUS
     
Charges for Early Withdrawals    None   Charges You Will Pay 
     
Transaction Charges   There are no charges for other transactions under the Contract.   Charges You Will Pay
     
Ongoing Fees  and Expenses  (annual charges)   The table below describes the fees and expenses that you pay each year, depending on the options you choose. Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected.   Charges You Will Pay
 

 

ANNUAL FEE

  

 

    MIN.    

  

 

    MAX.    

    
 

 

Base Contract IRA Contracts

  

 

0.90%1

  

 

0.90%1

    
 

 

Base Contract FPA Contracts

  

 

1.02%1

  

 

1.02%1

    
 

 

Investment options (Underlying Fund fees and expenses)

  

 

0.09%2

  

 

0.65%2

    
 

 

1 As a percentage of the Separate Account value.

2 As a percentage of the net asset value of the Underlying Fund assets.

    
     
    Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay each year, based on current charges.    
       
         

Lowest Annual Cost

IRA Contracts:

$1,014

  

Highest Annual Cost

IRA Contracts:

$1,588

             

       

  

Lowest Annual Cost

FPA Contracts:

$1,142

  

Highest Annual Cost

FPA Contracts:

$1,716

  

          

   

 Assumes:

 

•  Investment of $100,000

 

•  5% annual appreciation

 

•  Least expensive combination of Contract classes and Underlying Fund fees and expenses

 

•  No optional benefits

 

•  No sales charges

 

•  No additional Contributions, transfers, or withdrawals

  

 Assumes:

 

•  Investment of $100,000

 

•  5% annual appreciation

 

•  Most expensive combination of Contract Classes and Underlying Fund fees and expenses

 

•  No optional benefits

 

•  No sales charges

 

•  No additional Contributions, transfers, or withdrawals

    

The following replaces the entry for the Fidelity VIP Index 500 (Initial Class) underlying fund in Appendix A: UNDERLYING FUNDS AVAILABLE AS INVESTMENT OPTIONS UNDER THE IRA CONTRACTS AND FPA CONTRACTS at the back of your Notice:

 

Type/Investment Objective   Underlying Fund and
Adviser/Subadviser		   Current
 Expenses 		  

 

Average Annual Total Returns as of
12/31/23

  1 year   5 year   10 year  

 

Life of 
Fund 

Equity Fund

 

Seeks investment results that correspond to the total return of common stocks publicly traded in the United States, as represented by the S&P 500® Index

  

Fidelity VIP Index 500 (Initial Class)

 

Adviser: Fidelity Management & Research Company LLC (FMR)

 

Subadvisers: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited, and Fidelity Management & Research Japan Limited serve as sub-advisers

    0.09%   26.19%   15.56%   11.92%    

This Supplement Should Be Retained With Your Notice to Contract Owners For Future Reference.


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