06/28/2024 | Press release | Distributed by Public on 06/28/2024 05:57
New York Life Premier Advisory Variable Annuity
New York Life Premier Plus Variable Annuity II
New York Life Flexible Premium Variable Annuity III
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New York Life Premier Variable Annuity II
New York Life Premier Variable Annuity - FP Series
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New York LifeElite Variable Annuity
New York LifeEssentials Variable Annuity
New York Life Flexible Premium Variable Annuity
New York Life Flexible Premium Variable Annuity II
New York Life Flexible Premium Variable Annuity III
New York Life Premier Advisory Variable Annuity
New York Life Premier Plus Variable Annuity
New York Life Premier Plus Variable Annuity II
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New York Life Premier Variable Annuity
New York Life Premier Variable Annuity II
New York Life Premier Variable Annuity - FP Series
New York Life Premium Plus Elite Variable Annuity
New York Life Premium Plus II Variable Annuity
New York Life Premium Plus Variable Annuity
New York Life Variable Annuity
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NYLIAC Variable Annuity Separate Account I
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NYLIAC Variable Annuity Separate Account III
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NYLIAC Variable Annuity Separate Account II
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NYLIAC Variable Annuity Separate Account IV
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1. |
For all MainStay Portfolios, all references to "MainStay" in the Portfolio names are deleted and replaced with "NYLI" (New York Life Investments).
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2. |
The MainStay VP Wellington Mid Cap - Initial Class or Service Class, as applicable, will have the following changes:
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A. |
Name Change:
All references in the Prospectuses to MainStay VP Wellington Mid Cap - Initial Class or Service Class, as applicable, will be deleted and replaced with NYLI VP Schroders Mid Cap Opportunities - Initial Class or Service Class, as applicable.
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B. |
Subadviser Change:
All references in the Prospectuses to the Wellington Management Company LLP ("Wellington"), the current subadviser for the MainStay Wellington Mid Cap - Initial Class or Service Class, as applicable, will be deleted and replaced with Schroder Investment Management North America Inc. ("Schroders").
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C. |
Current Expenses:
In the Appendix of Portfolios Available Under the Policy, as applicable,
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a. |
the current expense for the NYLI VP Schroders Mid Cap Opportunities - Initial Class (formerly MainStay VP Wellington Mid Cap - Initial Class) is deleted and replaced with 0.83%;
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b. |
the current expense for the NYLI VP Schroders Mid Cap Opportunities - Service Class (formerly MainStay VP Wellington Mid Cap - Service Class) is deleted and replaced with 1.08%;
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3. |
The MainStay VP Wellington U.S. Equity - Initial Class or Service Class, as applicable, will have the following changes:
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A. |
Name Change:
All references in the Prospectuses to MainStay VP Wellington U.S. Equity - Initial Class or Service Class, as applicable, will be deleted and replaced with NYLI VP Dimensional U.S. Equity - Initial Class or Service Class, as applicable.
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B. |
Subadviser Change:
All references in the Prospectuses to Wellington Management Company LLP ("Wellington"), the current subadviser for the MainStay VP Wellington U.S. Equity - Initial Class or Service Class, as applicable, will be deleted and replaced with Dimensional Fund Advisors LP ("DFA").
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C. |
Current Expenses:
In the Appendix of Portfolios Available Under the Policy, as applicable,
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a. |
the current expense for the NYLI VP Dimensional U.S. Equity - Initial Class (formerly MainStay VP Wellington U.S. Equity - Initial Class) is deleted and replaced with 0.53%.
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b. |
the current expense for the NYLI VP Dimensional U.S. Equity - Service Class (formerly MainStay VP Wellington U.S. Equity - Service Class) is deleted and replaced with 0.78%.
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4. |
For the MainStay VP S&P 500 Index - Initial Class or Service Class and the MainStay VP Hedge Multi-Strategy - Service Class, all references in the Prospectuses to IndexIQ Advisors LLC as subadviser will be deleted.
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