Form 497VPU MASSACHUSETTS MUTUAL

April 24, 2026 3:04 PM EDT

Strategic Group Variable Universal Life® II

Issued by Massachusetts Mutual Life Insurance Company

Massachusetts Mutual Variable Life Separate Account I

Updating Summary Prospectus – April 27, 2026

This Summary Prospectus summarizes key features of the Strategic Group Variable Universal Life® II certificate, a group, flexible premium, variable adjustable life insurance certificate issued to individuals under a group life insurance policy (certificate), issued by Massachusetts Mutual Life Insurance Company.

The prospectus for the Strategic Group Variable Universal Life II certificate contains more information about the certificate, including its features, benefits, and risks. You can find the current statutory prospectus and other information about the certificate online at www.MassMutual.com/SGVULII. You can also obtain this information at no cost by calling (800) 548-0073 or by sending an email request to [email protected].

Additional information about certain investment products, including variable life insurance policies, has been prepared by the Securities and Exchange Commission staff and is available at www.investor.gov.

The SEC has not approved or disapproved this certificate or determined that this prospectus is accurate or complete. Any representation that it has is a criminal offense.  

1 

 

Glossary

Account Value. The value of your investment in the Separate Account Divisions and the GPA.

Certificate Anniversary. The anniversary of the Certificate  Date.

Certificate Date. The date used as the starting point for determining Certificate Anniversary dates, Certificate Years and Monthly Calculation Dates.

Certificate Debt. All outstanding loans plus accrued interest.

Certificate Owner. The person who will generally make the choices that determine how the certificate operates while it is In Force.

Certificate Year. The twelve-month period beginning with the Certificate Date, and each successive twelve-month period thereafter.

Fund(s). The investment entities in which the Separate Account Divisions invest.

General Investment Account. The Company’s General Investment Account, which supports the Company’s annuity and insurance obligations. The General Investment Account’s assets include all of our assets, with the exception of the Separate Account and the Company’s other segregated asset accounts.

In Force. Your certificate  has not terminated.

Insured. The person on whose life the certificate is issued.

Modified Endowment Contract (MEC). A special type of life insurance under federal income tax law. Specifically, the law prescribes a test that is intended to differentiate between policies that are purchased primarily for certain tax advantages, versus policies that are purchased primarily for death protection. MECs are still life insurance and offer tax-free death benefits and tax-deferred cash value accumulation. However, pre-death distributions (including loans) are taxed as “income first” (not cost basis first), meaning they are taxable to the extent of gain in the policy. In addition, distributions may be subject to a 10% additional tax.

Monthly Calculation Date. The Certificate  Date and the same day of each succeeding calendar month on which monthly charges are due on the certificate.

Planned Premium. The amount selected by you to be paid periodically on the certificate, which establishes the basis for the premium bills we send you.

Separate Account Division. A variable investment division offered through our Separate Account that invests in the corresponding underlying Fund.

2 

 

Updated Information About Your Certificate

The information in this Updating Summary Prospectus is a summary of certain certificate features that have changed since April 28, 2025. This may not reflect all changes that have occurred since you purchased your certificate.

Fund Substitutions

Existing Fund (Share Class)

Replacement Fund (Share Class)

Invesco V.I. Discovery Mid Cap Growth Fund (Series I)

MML Invesco Discovery Mid Cap Fund (Class II)

Invesco V.I. Global Fund (Series I)

MML Global Fund (Class II)

Invesco V.I. Main Street Fund® (Series I)

MML Fundamental Equity Fund (Class II)

 

Fund Name Changes

Current Fund Name

New Fund Name

Invesco Oppenheimer V.I. International Growth Fund

Invesco V.I. International Growth Fund

Macquarie VIP Asset Strategy Series

Nomura VIP Asset Strategy Series

MML Aggressive Allocation Fund

MML VIP Aggressive Allocation Fund

MML American Funds Core Allocation Fund

MML VIP American Funds 65/35 Allocation Fund

MML American Funds Growth Fund

MML VIP American Funds Growth Fund

MML Balanced Allocation Fund

MML VIP Balanced Allocation Fund

MML Blend Fund

MML VIP BlackRock® Balanced Fund

MML Blue Chip Growth Fund

MML VIP T. Rowe Price Blue Chip Growth Fund

MML Conservative Allocation Fund

MML VIP Conservative Allocation Fund

MML Equity Fund

MML VIP Franklin Templeton Equity Fund

MML Equity Income Fund

MML VIP T. Rowe Price Equity Income Fund

MML Fundamental Equity Fund

MML VIP Invesco Main Street Equity Fund

MML Global Fund

MML VIP Invesco Global Fund

MML Growth Allocation Fund

MML VIP Growth Allocation Fund

MML Inflation-Protected and Income Fund

MML VIP Barings Inflation-Protected and Income Fund

MML International Equity Fund

MML VIP MFS International Equity Fund

MML Invesco Discovery Mid Cap Fund

MML VIP Invesco Discovery Mid Cap Fund

MML Large Cap Growth Fund

MML VIP Loomis Sayles Large Cap Growth Fund

MML Managed Bond Fund

MML VIP Barings Core Bond Fund

MML Managed Volatility Fund

MML VIP JPMorgan U.S. Research Enhanced Equity Fund

MML Mid Cap Growth Fund

MML VIP T. Rowe Price Mid Cap Growth Fund

MML Mid Cap Value Fund

MML VIP American Century Mid Cap Value Fund

MML Moderate Allocation Fund

MML VIP Moderate Allocation Fund

MML Short-Duration Bond Fund

MML VIP Barings Short-Duration Bond Fund

3 

 

Current Fund Name

New Fund Name

MML Small Cap Equity Fund

MML VIP Invesco Small Cap Equity Fund

MML Small Cap Growth Equity Fund

MML VIP Wellington Small Cap Growth Equity Fund

MML Small Company Value Fund

MML VIP American Century Small Company Value Fund

MML Total Return Bond Fund

MML VIP Fidelity Institutional AM® Core Plus Bond Fund

MML U.S. Government Money Market Fund

MML VIP Barings U.S. Government Money Market Fund

Sub-Adviser Changes

FIAM LLC replaced Metropolitan West Asset Management, LLC as the sub-adviser to the MML VIP Fidelity Institutional AM® Core Plus Bond Fund (formerly MML Total Return Bond Fund).

Harris Associates L.P. no longer serves as a sub-adviser to the MML VIP MFS International Equity Fund (formerly MML International Equity Fund).

J.P. Morgan Investment Management Inc. replaced  Gateway Investment Advisers, LLC as the sub-adviser to the MML VIP JPMorgan U.S. Research Enhanced Equity Fund (formerly MML Managed Volatility Fund).

Nomura Investment Management Austria Kapitalanlage AG and Macquarie Investment Management Global Limited will now serve as the sub-advisers to the Nomura VIP Asset Strategy Series (formerly Macquarie VIP Asset Strategy Series).

4 

 

Important Information You Should Consider About the  Certificate

FEES AND EXPENSES

LOCATION IN PROSPECTUS

Charges for Early Withdrawals

When you withdraw a portion of your Account Value from the certificate, we deduct a withdrawal charge of up to 2% of the amount you withdraw, but not more than $25. Please note that this charge applies to any withdrawal – whether it is taken early in your holding of the certificate or later.
The maximum withdrawal amount is equal to the Account Value less (a) any Certificate Debt less (b) an amount equal to (i) the most recent monthly charge multiplied by (ii) one plus the number of Monthly Calculation Dates remaining until the next Planned Premium due date.
For example, if you withdraw $10,000 from your certificate, you will incur a withdrawal charge of $25.

Fee Tables – Transaction Fees  – Withdrawal Charge
Charges and Deductions – Transaction Charges – Withdrawal Charge

Transaction Charges

In addition to withdrawal charges, you also may be charged for other transactions. These charges are as follows:
Premium Load Charge. Before allocating premiums among the Separate Account Divisions or the GPA, we impose a premium load charge equal to a maximum of 10% of each premium.
Transfer Charge. There is no transfer charge for the first 12 transfers during a Certificate Year. We may impose a transfer charge of up to $10 for the thirteenth and each subsequent transfer in a Certificate Year.

Fee Tables – Transaction Fees – Premium Load Charge
Fee Tables – Transaction Fees – Transfer Charge
Charges and Deductions – Transaction Charges – Premium Load Charge
Charges and Deductions – Transaction Charges – Transfer Charge

Ongoing Fees and Expenses

In addition to withdrawal charges and transaction charges, an investment in the certificate is subject to certain ongoing fees and expenses, including fees and expenses covering the cost of insurance under the certificate and the cost of optional benefits available under the certificate. These fees and expenses are set based on characteristics of the Insured under the certificate (e.g., age, sex, and underwriting class). You should view the certificate specifications pages for rates applicable to your certificate.
Certificate Owners will also bear expenses associated with the Funds available under the certificate, as shown in the following table:

Fee Tables – Periodic Charges Other than Annual Fund Operating Expenses
Charges and Deductions – Monthly Charges Against the Account Value
Appendix A

Annual Fee

Minimum

Maximum

Fund options (Fund fees and expenses)

0.44%(1)

1.18%(1)

(1) As a percentage of Fund assets.

5 

 

RISKS

LOCATION IN PROSPECTUS

Risk of Loss

You can lose money by investing in the certificate.

Principal Risks – Investment Risks

Not a Short-Term Investment

A certificate is not a short-term investment vehicle and is not appropriate for an investor who needs ready access to cash.
We apply a withdrawal charge with respect to any withdrawal you make from the certificate.
A withdrawal may also reduce your certificate’s Total Selected Face Amount and may have adverse tax consequences.
You can avoid withdrawal charges and such possible adverse tax consequences by holding your certificate for the long-term and minimizing withdrawals.

Overview of the Certificate – What is the certificate, and what is it designed to do?
Principal Risks – Suitability

Risks Associated with Investment Options

An investment in this certificate is subject to the risk of poor investment performance and can vary depending upon the performance of the underlying Funds you choose.
Each investment option (including any fixed account investment option) has its own unique risks. You should review the prospectuses for the available Funds before making an investment decision.

Principal Risks – Investment Risks
General Information About the Company, the Separate Account and the Underlying Funds – Underlying Funds

Insurance Company Risks

An investment in the certificate is subject to the risks related to the Depositor (MassMutual). Any obligations (including under any fixed account investment option), guarantees, or benefits of the certificate are subject to the claims-paying ability of MassMutual. If MassMutual experiences financial distress, it may not be able to meet its obligations to you. More information about MassMutual, including its financial strength ratings, is available by calling (800) 665-2654 or by visiting www.MassMutual.com/ratings.

General Information About the Company, the Separate Account and the Underlying Funds – The Guaranteed Principal Account

Certificate Lapse

Your certificate could terminate (or lapse) if the Surrender Value becomes too low to support the certificate’s monthly charges. Factors that may cause your certificate to lapse include: insufficient premium payments, poor investment performance, withdrawals, and unpaid loans or loan interest. If your certificate lapses, you may be able to reinstate it. To reinstate your certificate, you must provide us certain written materials we require as well as a premium payment sufficient to keep the certificate In Force for three months after reinstatement. The death benefit will not be paid if the certificate has lapsed.

Principal Risks – Certificate Termination
Certificate Termination and Reinstatement

6 

 

RESTRICTIONS

LOCATION IN PROSPECTUS

Investments

Generally, you may transfer Account Value among the Separate Account Divisions and the Guaranteed Principal Account (GPA), subject to certain limitations.

•

Transfers from the GPA to the Separate Account are limited to one per Certificate Year, and generally may not exceed 25% of your Account Value in the GPA (less any Certificate Debt).

•

There is one exception to this rule. If you have transferred 25% of the GPA Value (less any Certificate Debt) for three consecutive years and you have not added any Net Premium or transferred amounts to the GPA during these three consecutive years, you may transfer the remainder of the GPA Value (less any Certificate Debt) out of the GPA in the succeeding Certificate Year.

•

Transfers (including transfers through automated programs) cannot be processed during a Grace Period.

In addition, we reserve the right to reject or restrict transfers if we determine the transfers reflect frequent trading or a market timing strategy, or we are required to reject or restrict the transfer by the applicable Fund.
MassMutual also reserves the right to remove or substitute Funds as investment options that are available under the certificate.

Transfers
General Information About the Company, the Separate Account and the Underlying Funds – Underlying Funds – Addition, Removal, Closure, or Substitution of Funds

Optional Benefits

Optional benefits, such as riders, may alter the benefits or charges under your certificate. Rider availability and benefits may vary by state of issue, and their election may have tax consequences. Riders may have restrictions or limitations. If you elect a particular rider, it may restrict or enhance the terms of your certificate, or restrict the availability or terms of other riders.

Other Benefits Available
Under the Certificate

TAXES

LOCATION IN PROSPECTUS

Tax Implications
•

You should consult with a tax professional to determine the tax implications of an investment in and payments received under the certificate.

•

If you purchase the certificate through a qualified retirement plan, you do not receive any additional tax deferral.

•

Withdrawals and partial surrenders are taxed as recovery of cost basis first and income second. Loans and collateral assignments are not taxable when taken. Any gain on your certificate is taxed as ordinary income. If your certificate becomes a Modified Endowment Contract (MEC), loans, collateral assignments, withdrawals, and other pre-death distributions will be taxed as income first and recovery of cost basis second. You may have to pay a penalty tax if you take a distribution before you attain age 59½.

Federal Income Tax Considerations

7 

 

CONFLICTS OF INTEREST

LOCATION IN PROSPECTUS

Investment Professional Compensation

Your registered representative may receive compensation in the form of commissions for selling the certificate to you. If your registered representative is also a MassMutual insurance agent, they are also eligible for certain cash and non-cash benefits from us. Cash compensation includes bonuses and allowances based on factors such as sales, productivity and persistency (certificate retention). Non-cash compensation includes various recognition items such as prizes and awards as well as attendance at, and payment of the costs associated with attendance at, conferences, seminars and recognition trips, and also includes contributions to certain individual plans such as pension and medical plans. Sales of the certificate may help these registered representatives and their supervisors qualify for such benefits.
This conflict of interest may influence your registered representative to offer or recommend the certificate over another investment.

Other Information – Distribution

Exchanges

Some investment professionals may have a financial incentive to offer you the certificate in place of the one you own. You should only exchange your current life insurance policy if you determine, after comparing the features, fees, and risks of both policies, that it is preferable for you to purchase the certificate rather than continue to own your existing life insurance policy.

N/A

8 

 

Appendix A

Funds Available Under the Certificate

The following is a list of Funds currently available under the certificate. This list of Funds is subject to change, as discussed in the prospectus for the certificate. Before you invest, you should review the prospectuses for the Funds. These prospectuses contain more information about the Funds and their risks and may be amended from time to time. You can find the prospectuses and other information about the Funds online at www.MassMutual.com/SGVULII. You can also request this information at no cost by calling (800) 548-0073 or sending an email request to [email protected].

The current expenses and performance information below reflects fees and expenses of the Funds, but does not reflect the other fees and expenses that your certificate may charge. Expenses would be higher and performance would be lower if these charges were included. Each Fund’s past performance is not necessarily an indication of future performance.

Fund Type

Fund and Adviser/Sub-Adviser

Current Expenses (expenses/ average assets)

Average Annual Total Returns
(as of 12/31/2025)

1 Year

5 Year

10 Year

Asset Allocation

MML VIP Aggressive Allocation Fund (Initial Class)(1)(2)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: N/A
0.98
%
14.17
%
8.36
%
9.53
%

Asset Allocation

MML VIP American Funds 65/35 Allocation Fund
(Service Class I)(1)(3)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: N/A
1.02
%
14.54
%
7.37
%
8.39
%

Asset Allocation

MML VIP Balanced Allocation Fund (Initial Class)(1)(4)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: N/A
0.86
%
11.10
%
4.76
%
6.33
%

Asset Allocation

MML VIP Conservative Allocation Fund (Initial Class)(1)(5)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: N/A
0.83
%
10.29
%
3.98
%
5.59
%

Asset Allocation

MML VIP Growth Allocation Fund (Initial Class)(1)(6)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: N/A
0.90
%
12.99
%
7.08
%
8.38
%

Asset Allocation

MML VIP Moderate Allocation Fund (Initial Class)(1)(7)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: N/A
0.87
%
11.83
%
5.72
%
7.08
%

Money Market

MML VIP Barings U.S. Government Money Market Fund
(Initial Class)(8)(9)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: Barings LLC
0.52
%
3.80
%
2.87
%
1.80
%

Fixed Income

Invesco V.I. Global Strategic Income Fund (Series I)
Adviser: Invesco Advisers, Inc.
Sub-Adviser: N/A
0.95
%
(*)
12.98
%
1.65
%
3.01
%

Fixed Income

MML VIP Barings Core Bond Fund (Initial Class)(10)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: Barings LLC
0.45
%
7.85
%
0.48
%
2.64
%

Fixed Income

MML VIP Barings Inflation-Protected and Income Fund
(Initial Class)(11)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: Barings LLC
0.65
%
5.89
%
1.12
%
3.15
%

9 

 

Fund Type

Fund and Adviser/Sub-Adviser

Current Expenses (expenses/ average assets)

Average Annual Total Returns
(as of 12/31/2025)

1 Year

5 Year

10 Year

Fixed Income

MML VIP Barings Short-Duration Bond Fund (Class II)(12)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: Barings LLC
0.59
%
5.96
%
2.56
%
2.57
%

Fixed Income

MML VIP Fidelity Institutional AM® Core Plus Bond Fund
(Class II)(13)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: FIAM LLC
0.61
%
7.41
%
–0.83
%
1.83
%

Balanced

MML VIP BlackRock® Balanced Fund (Initial Class)(1)(14)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: BlackRock Investment Management, LLC
0.51
%
12.84
%
7.86
%
9.21
%

Large Cap Value

MML Income & Growth Fund (Initial Class)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: Barrow, Hanley, Mewhinney & Strauss, LLC
0.72
%
13.34
%
12.35
%
10.73
%

Large Cap Value

MML VIP Franklin Templeton Equity Fund (Initial Class)(15)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: Brandywine Global Investment Management, LLC
0.44
%
17.49
%
13.75
%
11.23
%

Large Cap Value

MML VIP T. Rowe Price Equity Income Fund (Initial Class)(16)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: T. Rowe Price Associates, Inc.
0.79
%
14.45
%
11.14
%
10.52
%

Large Cap Blend

Fidelity® VIP Contrafund® Portfolio (Service Class)
Adviser: Fidelity Management & Research Company LLC
Sub-Advisers: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited, and Fidelity Management & Research (Japan) Limited
0.64
%
21.38
%
15.25
%
15.66
%

Large Cap Blend

MML Focused Equity Fund (Class II)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: Wellington Management Company LLP
0.90
%
7.90
%
8.75
%
12.51
%

Large Cap Blend

MML Sustainable Equity Fund (Initial Class)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: American Century Investment Management, Inc.
0.56
%
11.50
%
11.93
%
12.98
%

Large Cap Blend

MML VIP Invesco Main Street Equity Fund (Class II)(17)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: Invesco Advisers, Inc.
0.80
%
16.15
%
12.47
%
14.45
%

Large Cap Blend

MML VIP JPMorgan U.S. Research Enhanced Equity Fund
(Initial Class)(18)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: J.P. Morgan Investment Management Inc.
0.77
%
10.59
%
7.06
%
6.11
%

Large Cap Growth

MML VIP American Funds Growth Fund (Service Class I)(19)(20)(21)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: N/A
1.02
%
19.66
%
12.89
%
17.47
%

Large Cap Growth

MML VIP Loomis Sayles Large Cap Growth Fund (Initial Class)(22)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: Loomis, Sayles & Company, L.P.
0.70
%
15.09
%
14.97
%
16.34
%

Large Cap Growth

MML VIP T. Rowe Price Blue Chip Growth Fund (Initial Class)(23)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: T. Rowe Price Associates, Inc.
0.78
%
18.41
%
11.08
%
15.25
%

10 

 

Fund Type

Fund and Adviser/Sub-Adviser

Current Expenses (expenses/ average assets)

Average Annual Total Returns
(as of 12/31/2025)

1 Year

5 Year

10 Year

Small/Mid-Cap Value

MML Small/Mid Cap Value Fund (Initial Class)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: AllianceBernstein L.P.
0.82
%
2.40
%
8.68
%
8.70
%

Small/Mid-Cap Value

MML VIP American Century Mid Cap Value Fund (Initial Class)(24)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: American Century Investment Management, Inc.
0.89
%
8.97
%
8.80
%
9.14
%

Small/Mid-Cap Value

MML VIP American Century Small Company Value Fund
(Class II)(25)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: American Century Investment Management, Inc.
0.99
%
(*)
–3.39
%
5.15
%
8.54
%

Small/Mid-Cap Blend

MML VIP Invesco Small Cap Equity Fund (Initial Class)(26)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: Invesco Advisers, Inc.
0.71
%
8.86
%
8.38
%
10.73
%

Small/Mid-Cap Growth

MML VIP Invesco Discovery Mid Cap Fund (Class II)(27)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: Invesco Advisers, Inc.
0.85
%
(*)

—

—

—

Small/Mid-Cap Growth

MML VIP T. Rowe Price Mid Cap Growth Fund (Initial Class)(28)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: T. Rowe Price Associates, Inc.
0.82
%
4.35
%
3.82
%
9.94
%

Small/Mid-Cap Growth

MML VIP Wellington Small Cap Growth Equity Fund
(Initial Class)(29)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: Wellington Management Company LLP
1.05
%
(*)
7.34
%
2.67
%
10.59
%

International/Global

Invesco V.I. International Growth Fund (Series I)(30)
Adviser: Invesco Advisers, Inc.
Sub-Adviser: N/A
1.00
%
(*)
16.32
%
2.15
%
5.64
%

International/Global

MML Foreign Fund (Initial Class)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: Thompson, Siegel and Walmsley LLC
0.92
%
32.60
%
9.01
%
6.72
%

International/Global

MML VIP Invesco Global Fund (Class II)(31)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: Invesco Advisers, Inc.
0.81
%
23.11
%
7.51
%
9.96
%

International/Global

MML VIP MFS International Equity Fund (Class II)(32)
Adviser: MML Investment Advisers, LLC
Sub-Adviser: Massachusetts Financial Services Company
0.93
%
(*)
25.54
%
7.32
%
7.23
%

Specialty(33)

Nomura VIP Asset Strategy Series (Service Class)(34)
Adviser: Delaware Management Company
Sub-Advisers: Nomura Investment Management Austria Kapitalanlage AG and Macquarie Investment Management Global Limited
0.77
%
(*)
16.66
%
7.07
%
7.84
%
Fidelity, Contrafund and Fidelity Institutional AM are registered service marks of FMR LLC. Used with permission.
(*) This Fund is subject to an expense reimbursement or fee waiver arrangement. As a result, this Fund’s annual expenses reflect temporary expense reductions. See the Fund prospectus for additional information.
(1) These are fund-of-funds investment choices. They are known as fund-of-funds because they invest in other underlying funds. A fund offered in a fund-of-funds structure may have higher expenses than a direct investment in its underlying funds because a fund-of-funds bears its own expenses and indirectly bears its proportionate share of expenses of the underlying funds in which it invests.
(2) MML VIP Aggressive Allocation Fund formerly known as MML Aggressive Allocation Fund.
(3) MML VIP American Funds 65/35 Allocation Fund formerly known as MML American Funds Core Allocation Fund.

11 

 

(4) MML VIP Balanced Allocation Fund formerly known as MML Balanced Allocation Fund.
(5) MML VIP Conservative Allocation Fund formerly known as MML Conservative Allocation Fund.
(6) MML VIP Growth Allocation Fund formerly known as MML Growth Allocation Fund.
(7) MML VIP Moderate Allocation Fund formerly known as MML Moderate Allocation Fund.
(8) You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time. The yield of this Fund may become very low during periods of low interest rates. After deduction of Separate Account charges, the yield in the division that invests in this Fund could be negative.
(9) MML VIP Barings U.S. Government Money Market Fund formerly known as MML U.S. Government Money Market Fund.
(10) MML VIP Barings Core Bond Fund formerly known as MML Managed Bond Fund.
(11) MML VIP Barings Inflation-Protected and Income Fund formerly known as MML Inflation-Protected and Income Fund.
(12) MML VIP Barings Short-Duration Bond Fund formerly known as MML Short-Duration Bond Fund.
(13) MML VIP Fidelity Institutional AM® Core Plus Bond Fund formerly known as MML Total Return Bond Fund.
(14) MML VIP BlackRock® Balanced Fund formerly known as MML Blend Fund.
(15) MML VIP Franklin Templeton Equity Fund formerly known as MML Equity Fund.
(16) MML VIP T. Rowe Price Equity Income Fund formerly known as MML Equity Income Fund.
(17) MML VIP Invesco Main Street Equity Fund formerly known as MML Fundamental Equity Fund.
(18) MML VIP JPMorgan U.S. Research Enhanced Equity Fund formerly known as MML Managed Volatility Fund.
(19) The Fund is a “feeder” fund, meaning that it does not buy investment securities directly, but instead invests in shares of a corresponding “master” fund, which in turn purchases investment securities. A fund offered in a master feeder structure may have higher expenses than those of a fund which invests directly in securities because the “feeder” fund bears its own expenses in addition to those of the “master” fund. You should read the Fund prospectuses for more information about this “feeder” fund.
(20) The MML VIP American Funds Growth Fund invests all of its assets in the Class 1 shares of the American Funds Insurance Series® – Growth Fund. However, this Fund is not available directly as an investment choice under your MassMutual variable product. You should read the prospectus along with the prospectus for the MML VIP American Funds Growth Fund.
(21) MML VIP American Funds Growth Fund formerly known as MML American Funds Growth Fund.
(22) MML VIP Loomis Sayles Large Cap Growth Fund formerly known as MML Large Cap Growth Fund.
(23) MML VIP T. Rowe Price Blue Chip Growth Fund formerly known as MML Blue Chip Growth Fund.
(24) MML VIP American Century Mid Cap Value Fund formerly known as MML Mid Cap Value Fund.
(25) MML VIP American Century Small Company Value Fund formerly known as MML Small Company Value Fund.
(26) MML VIP Invesco Small Cap Equity Fund formerly known as MML Small Cap Equity Fund.
(27) MML VIP Invesco Discovery Mid Cap Fund formerly known as MML Invesco Discovery Mid Cap Fund.
(28) MML VIP T. Rowe Price Mid Cap Growth Fund formerly known as MML Mid Cap Growth Fund.
(29) MML VIP Wellington Small Cap Growth Equity Fund formerly known as MML Small Cap Growth Equity Fund.
(30) Invesco V.I. International Growth Fund formerly known as Invesco Oppenheimer V.I. International Growth Fund.
(31) MML VIP Invesco Global Fund formerly known as MML Global Fund.
(32) MML VIP MFS International Equity Fund formerly known as MML International Equity Fund.
(33) Specialty funds are an all-encompassing category that consists of funds that forgo broad diversification to concentrate on a certain segment of the economy or a specific targeted strategy. For example, sector funds are targeted strategy funds aimed at specific sectors of the economy, such as financial, technology, healthcare, and so on. Sector funds can, therefore, be more volatile than a more diversified equity fund since the stocks in a given sector tend to be highly correlated with each other.
(34) Nomura VIP Asset Strategy Series formerly known as Macquarie VIP Asset Strategy Series.

12 

 

This Summary Prospectus incorporates by reference the Strategic Group Variable Universal Life II certificate’s statutory prospectus and Statement of Additional Information (SAI), both dated April 27, 2026, as amended or supplemented. The SAI includes additional information about Massachusetts Mutual Variable Life Separate Account I.

You can find the statutory prospectus and SAI at www.MassMutual.com/SGVULII. You can also obtain this information at no cost by calling (800) 548-0073 or by sending an email request to [email protected].

EDGAR Contract Identifier: C000161953

L7940-USP 

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 6/23/2026

1. SPCX
2. NVDA
3. ACN
4. USO
5. DFTX
6. GOOGL
7. APGE
8. HOOD
9. MU
10. IBM


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

SEC Filings