Updating Summary Prospectus (Form 497VPU)

Table of Contents 

	Page
Contacting NYLIAC	1
Definitions	2
Updated Information About Your Policy	4
Important Information You Should Consider About The Policy	6
Appendix 1A	1A -1
Appendix 1B	1B -1
Appendix 1C	1C -1

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.

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.

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.

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, 2025. This may not reflect all changes that have occurred since you purchased your policy.
Name Change of Trust and Portfolios	The name of the New York Life Investments VP Funds Trust has changed to NYLIM VP Funds Trust. All references to NYLI in the Portfolio names are deleted and replaced with NYLIM.
The following Portfolios are added as available Investment Divisions under the policy	American Funds® IS Growth-Income Fund - Class 4
	Columbia Variable Portfolio Small Company Growth Fund - Class 2
	Fidelity® VIP International Capital Appreciation Portfolio - Service Class 2
	Franklin Gold and Precious Metals VIP Fund - Class 2
	Goldman Sachs VIT International Equity Insights Fund - Service Class
	Lord Abbett Series Fund, Inc. - Short Duration Income Portfolio -Class VC
	Voya Intermediate Bond Portfolio - Class S
The names of the following Portfolios have been changed	NYLIM VP American Century Large Cap Equity (formerly NYLI VP American Century Sustainable Equity) - Service Class
	American Funds® IS SMALLCAP World Fund® (formerly American Funds® IS Global Small Capitalization Fund) - Service Class 4
	Columbia Variable Portfolio Small Cap Value Discovery Fund (formerly Columbia Variable Portfolio - Small Cap Value Fund) - Class 2
	LVIP ClearBridge Appreciation Fund (formerly ClearBridge Variable Appreciation Portfolio) - Service Class
	MFS® International Intrinsic Equity Portfolio (formerly MFS® International Intrinsic Value Portfolio) - Service Class
	Nomura VIP Small Cap Value Series (formerly Macquarie VIP Small Cap Value Series) - Service Class
The following advisers were changed	References to Delaware Management Company, a series of Macquarie Investment Management Business Trust, the adviser to the prior Macquarie VIP Small Cap Value Series - Service Class were deleted and replaced with Delaware Management Company, a series of Nomura Investment Management Business Trust.
	References to Franklin Templeton Fund Adviser, LLC, the adviser to the prior ClearBridge Variable Appreciation Portfolio - Class II were deleted and replaced with Lincoln Financial Investments Corporation.
The following subadviser was deleted	References to Macquarie Investment Management Global Limited, the subadviser to the prior Macquarie VIP Small Cap Value Series - Service Class were deleted.
Closure of Portfolio to New Investments	On May 1, 2026, Western Asset Core Plus VIT Portfolio - Class II was closed to all policyowners except those policyowners who already had Accumulation Value invested as of the closure date.
Limits on Transfers	The limits on transfers section has been updated to reflect how we handle standing allocation instructions when a transfer request is not accepted by any one of the Portfolios.
IPR Holding Period	The 7 year Holding Period under the IPR is now available in Oregon and Virginia.
Policy Application and Premium Payments	The maximum aggregate amount of premium payments accepted without prior NYLIAC approval has been changed from $2,000,000 to $1,000,000.

Important Information You Should Consider About The Policy  

	FEES, EXPENSES AND ADJUSTMENTS	LOCATION IN PROSPECTUS
Are There Charges for Early Withdrawals?	Yes. 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. The withdrawal amount could be reduced by taxes or tax penalties.	CHARGES AND DEDUCTIONS - Transaction Expenses - Surrender Charges   FEE TABLE
Are There Transaction Charges?	Yes. In addition to surrender 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   FEE TABLE
Are There Ongoing Fees and Expenses?	Yes. The table below describes the fees and expenses that you may pay each year, depending on the investment options and optional benefits 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   FEE TABLE

 

	ANNUAL FEE	MINIMUM	MAXIMUM
	Base contract1	1.00%	1.30%	CHARGES AND DEDUCTIONS - Annual Policy Expenses
	Portfolio fees and expenses2	0.37%	1.42%	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 after the Surrender Charge Period for the initial premium (Minimum Base Contract Charge) and as a percentage of Adjusted Premium Payments during the Surrender Charge Period for the initial premium (Maximum Base Contract Charge, plus a percentage attributable to the Annual Policy Service Charge). 2 As a percentage of average net Portfolio assets. The range in fees and expenses is for the year ended December 31, 2025 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.
	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:   $1,411.46	HIGHEST ANNUAL COST   $3,246.62
	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
Is There a Risk of Loss from Poor Performance?	Yes. You can lose money by investing in this policy.	PRINCIPAL RISKS OF INVESTING IN THE POLICY
Is This a Short-Term Investment?	No. 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. Withdrawals may also be subject to federal and state income taxes and tax penalties. 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 OF INVESTING IN THE POLICY

Appendix 1A

Investment Options 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].

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 12/31/25)
			1 year	5 year	10 year
Large Cap Equity	NYLIM VP American Century Large Cap 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.	0.93%	11.06%	13.68%	11.58%
Asset Allocation	NYLIM 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")	0.97%	11.16%	7.14%	7.04%
Investment Grade Bond	NYLIM VP Bond (formerly NYLI VP Bond) - Service Class   Adviser: New York Life Investments / Subadviser: NYL Investors	0.80%	6.57%	(0.88)%	1.71%
Sector	NYLIM 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%	15.31%	6.79%	2.39%
Asset Allocation	NYLIM VP Conservative Allocation (formerly NYLI VP Conservative Allocation) - Service Class   Adviser: New York Life Investments	0.80%	9.29%	3.67%	5.14%

Type	Portfolio Adviser/Sub-adviser	Current Expenses*	Average Annual Total Returns (as of 12/31/25)
			1 year	5 year	10 year
Investment Grade Bond	PIMCO VIT Low Duration Portfolio - Advisor Class   Adviser: PIMCO	0.76%	5.42%	1.47%	1.69%
Investment Grade Bond	PIMCO VIT Short-Term Portfolio - Advisor Class   Adviser: PIMCO	0.75%	4.57%	3.14%	2.65%
Investment Grade Bond	PIMCO VIT Total Return Portfolio - Advisor Class   Adviser: PIMCO	0.83%	8.78%	(0.08)%	2.26%
Sector	Principal VC Real Estate Securities Account - Class 2   Adviser: Principal Global Investors, LLC / Subadviser: Principal Real Estate Investors, LLC	1.03%	0.92%	4.61%	5.67%
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	1.06%	34.68%	12.49%	8.86%
Large Cap Equity	Voya Growth and Income Portfolio - Class S   Adviser: Voya Investments, LLC ("Voya") / Subadviser: Voya Investment Management Co. LLC ("VIM")	0.92%	17.94%	15.18%	14.33%
Investment Grade Bond	Voya Intermediate Bond Portfolio - Class S   Adviser: Voya / Subadviser: VIM	0.80%	7.46%	(0.09)%	2.42%
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	0.79%	7.69%	(1.67)%	1.85%

  The following is a list of fixed options currently available under the policy. We may change the features of the fixed options listed below and offer new fixed options. We will provide you with written notice before doing so. 

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)
NYLIM VP Bond NYLIM VP MacKay U.S. Infrastructure Bond NYLIM VP PIMCO Real Return NYLIM 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		Lord Abbett Series Fund, Inc. - Short Duration Income Port PIMCO VIT Income Portfolio PIMCO VIT International Bond Port (U.S. Dollar-Hedged) PIMCO VIT Low Duration Portfolio PIMCO VIT Short-Term Portfolio PIMCO VIT Total Return Portfolio Voya Intermediate Bond Portfolio Western Asset Core Plus VIT Portfolio
Subcategory II Funds
NYLIM VP Floating Rate NYLIM VP MacKay High Yield Corporate Bond NYLIM 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
NYLIM VP American Century Large Cap Equity NYLIM VP Dimensional U.S. Equity NYLIM VP Epoch U.S. Equity Yield NYLIM VP Hedge Multi-Strategy NYLIM VP MacKay Convertible NYLIM VP MFS® Investors Trust NYLIM VP MFS® Research NYLIM VP S&P 500 Index NYLIM VP Winslow Large Cap Growth AB VPS Relative Value Portfolio		American Funds® IS Growth Fund American Funds® IS Growth-Income Fund American Funds® IS Washington Mutual Investors Fund BNY Mellon Sustainable U.S. Equity Portfolio DWS Alternative Asset Allocation VIP Fidelity® VIP ContrafundSM Portfolio Fidelity® VIP Equity-Income PortfolioSM Fidelity® VIP Growth Opportunities Portfolio LVIP ClearBridge Appreciation Fund Voya Growth and Income Portfolio

Category C:
Minimum Allocation	0 %
Maximum Allocation	25 %
Subcategory I Funds (Maximum Allocation 15% - total among all the subcategory I Funds)
NYLIM VP Schroders Mid Cap Opportunities NYLIM VP Small Cap Growth NYLIM VP Wellington Small Cap Columbia Variable Portfolio - Small Cap Value Discovery Columbia Variable Portfolio - Small Company Growth Fidelity® VIP Extended Market Index Portfolio		Fidelity® VIP Mid Cap Portfolio Invesco V.I. Main Street Small Cap Fund® Janus Henderson Enterprise Portfolio MFS® Mid Cap Value Portfolio Neuberger Berman AMT Mid Cap Growth Portfolio Nomura VIP Small Cap Value Series
Subcategory II Funds (Maximum Allocation 15% - total among all the subcategory II Funds)
NYLIM VP PineStone International Equity American Funds® IS New World Fund® American Funds® IS SMALLCAP World Fund® Fidelity® VIP Emerging Markets Portfolio Fidelity® VIP International Capital Appreciation Portfolio Fidelity® VIP International Index Portfolio		Goldman Sachs VIT International Equity Insights Fund Invesco V.I. EQV International Equity Fund Janus Henderson Global Research Portfolio MFS® International Intrinsic Equity Portfolio MFS® Research International Portfolio Putnam VT International Value Fund
Subcategory III Funds (Maximum Allocation 10% - total among all the subcategory III Funds)
NYLIM VP CBRE Global Infrastructure NYLIM VP Fidelity Institutional AM® Utilities NYLIM VP Natural Resources NYLIM VP Newton Technology Growth		Columbia Variable Portfolio - Commodity Strategy Fidelity® VIP Health Care Portfolio Franklin Gold and Precious Metals VIP Fund Principal VC Real Estate Securities Account

Option 3 - Asset Allocation Funds: 

Category D:
Minimum Allocation	100 %
Category D Asset Allocation Funds
NYLIM VP Balanced NYLIM VP Conservative Allocation NYLIM VP Income Builder NYLIM VP Janus Henderson Balanced NYLIM 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%	NYLIM VP S&P 500 Index	10%	NYLIM VP S&P 500 Index
10%	DWS Alternative Asset Allocation VIP	10%	DWS Alternative Asset Allocation VIP
7%	PIMCO VIT Total Return Portfolio	8%	NYLIM VP Bond
7%	NYLIM VP MacKay High Yield Corporate Bond	7%	PIMCO VIT Total Return Portfolio
7%	American Funds® IS Washington Mutual Investors Fund	7%	Fidelity® VIP Bond Index Portfolio
7%	NYLIM VP Schroders Mid Cap Opportunities	7%	NYLIM VP MacKay High Yield Corporate Bond

Moderately Aggressive		Moderate
6%	NYLIM VP Bond	6%	NYLIM VP MacKay U.S. Infrastructure Bond
6%	NYLIM VP MFS® Investors Trust	5%	NYLIM VP PIMCO Real Return
5%	NYLIM VP PIMCO Real Return	5%	Columbia Variable Portfolio - Emerging Markets Bond
5%	Columbia Variable Portfolio - Emerging Markets Bond	5%	NYLIM VP MFS® Investors Trust
5%	NYLIM VP MFS® Research	5%	NYLIM VP MFS® Research
5%	Fidelity® VIP Equity-Income PortfolioSM	5%	Fidelity® VIP Equity-Income PortfolioSM
5%	LVIP ClearBridge Appreciation Fund	5%	American Funds® IS Washington Mutual Investors Fund
5%	NYLIM VP PineStone International Equity	5%	NYLIM VP Schroders Mid Cap Opportunities
5%	American Funds® IS New World Fund®	5%	American Funds® IS New World Fund®
5%	MFS® International Intrinsic Equity Portfolio	5%	MFS® International Intrinsic Equity Portfolio

 

Moderately Conservative		Conservative
10%	NYLIM VP Bond	14%	PIMCO VIT International Bond Port (U.S. Dollar-Hedged)
10%	PIMCO VIT Total Return Portfolio	12%	NYLIM VP Bond
10%	DWS Alternative Asset Allocation VIP	11%	PIMCO VIT Total Return Portfolio
9%	Fidelity® VIP Bond Index Portfolio	10%	NYLIM VP MacKay U.S. Infrastructure Bond
8%	NYLIM VP MacKay U.S. Infrastructure Bond	10%	Fidelity® VIP Bond Index Portfolio
7%	NYLIM VP MacKay High Yield Corporate Bond	10%	DWS Alternative Asset Allocation VIP
6%	NYLIM VP PIMCO Real Return	7%	NYLIM VP PIMCO Real Return
5%	PIMCO VIT International Bond Port (U.S. Dollar-Hedged)	7%	NYLIM VP MacKay High Yield Corporate Bond
5%	Columbia Variable Portfolio - Emerging Markets Bond	5%	Columbia Variable Portfolio - Emerging Markets Bond
5%	NYLIM VP S&P 500 Index	4%	BlackRock® High Yield V.I. Fund
5%	NYLIM VP MFS® Investors Trust	4%	American Funds® IS Washington Mutual Investors Fund
5%	NYLIM VP MFS® Research	3%	NYLIM VP MFS® Research
5%	Fidelity® VIP Equity-Income PortfolioSM	3%	NYLIM VP Schroders Mid Cap Opportunities
5%	American Funds® IS Washington Mutual Investors Fund
5%	NYLIM VP Schroders Mid Cap Opportunities

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
NYLIM VP Bond		Fidelity® VIP Bond Index Portfolio
NYLIM VP Floating Rate		Fidelity® VIP Investment Grade Bond Portfolio
NYLIM VP MacKay High Yield Corporate Bond		Lord Abbett Series Fund, Inc. - Short Duration Income Port
NYLIM VP MacKay Strategic Bond		PIMCO VIT Income Portfolio
NYLIM VP MacKay U.S. Infrastructure Bond		PIMCO VIT International Bond Port (U.S. Dollar-Hedged)
NYLIM 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®		Voya Intermediate Bond Portfolio
BlackRock® High Yield V.I. Fund		Western Asset Core Plus VIT Portfolio
Columbia Variable Portfolio - Emerging Markets Bond
Columbia Variable Portfolio - Intermediate Bond Fund
Category B:
Minimum Allocation	0 %
Maximum Allocation	70 %
Category B Funds
NYLIM VP American Century Large Cap Equity		AB VPS Relative Value Portfolio
NYLIM VP Balanced		American Funds® IS Asset Allocation Fund
NYLIM VP Conservative Allocation		American Funds® IS Growth Fund
NYLIM VP Dimensional U.S. Equity		American Funds® IS Growth-Income Fund
NYLIM VP Epoch U.S. Equity Yield		American Funds® IS Washington Mutual Investors Fund
NYLIM VP Equity Allocation		BlackRock® Global Allocation V.I. Fund
NYLIM VP Fidelity Institutional AM® Utilities		BNY Mellon Sustainable U.S. Equity Portfolio
NYLIM VP Growth Allocation		DWS Alternative Asset Allocation VIP
NYLIM VP Hedge Multi-Strategy		Fidelity® VIP ContrafundSM Portfolio
NYLIM VP Income Builder		Fidelity® VIP FundsManager® 60% Portfolio
NYLIM VP Janus Henderson Balanced		Fidelity® VIP Growth Opportunities Portfolio
NYLIM VP MacKay Convertible		Franklin Templeton Moderately Aggressive Model Portfolio
NYLIM VP MFS® Investors Trust		Franklin Templeton Moderate Model Portfolio
NYLIM VP MFS® Research		Franklin Templeton Moderately Conservative Model Portfolio
NYLIM VP Moderate Allocation		Franklin Templeton Conservative Model Portfolio
NYLIM VP S&P 500 Index		LVIP ClearBridge Appreciation Fund
NYLIM VP Winslow Large Cap Growth		Voya Growth and Income Portfolio

Category C:
Minimum Allocation	0 %
Maximum Allocation	10 %
Category C Funds
NYLIM VP CBRE Global Infrastructure NYLIM VP Natural Resources NYLIM VP Newton Technology Growth NYLIM VP PineStone International Equity NYLIM VP Schroders Mid Cap Opportunities NYLIM VP Small Cap Growth NYLIM VP Wellington Small Cap American Funds® IS New World Fund® American Funds® IS SMALLCAP World Fund® Columbia Variable Portfolio - Commodity Strategy Columbia Variable Portfolio - Small Cap Value Discovery Columbia Variable Portfolio - Small Company Growth Fidelity® VIP Emerging Markets Portfolio Fidelity® VIP Equity-Income PortfolioSM Fidelity® VIP Extended Market Index Portfolio Fidelity® VIP Health Care Portfolio		Fidelity® VIP International Capital Appreciation Portfolio Fidelity® VIP International Index Portfolio Fidelity® VIP Mid Cap Portfolio Franklin Gold and Precious Metals VIP Fund Goldman Sachs VIT International Equity Insights Fund Invesco V.I. EQV International Equity Fund Invesco V.I. Main Street Small Cap Fund® Janus Henderson Enterprise Portfolio Janus Henderson Global Research Portfolio MFS® International Intrinsic Equity Portfolio MFS® Mid Cap Value Portfolio MFS® Research International Portfolio Neuberger Berman AMT Mid Cap Growth Portfolio Nomura VIP Small Cap Value Series 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%	NYLIM VP S&P 500 Index	10%	NYLIM VP S&P 500 Index
10%	DWS Alternative Asset Allocation VIP	10%	DWS Alternative Asset Allocation VIP
7%	PIMCO VIT Total Return Portfolio	8%	NYLIM VP Bond
7%	NYLIM VP MacKay High Yield Corporate Bond	7%	PIMCO VIT Total Return Portfolio
7%	American Funds® IS Washington Mutual Investors Fund	7%	Fidelity® VIP Bond Index Portfolio
7%	NYLIM VP Schroders Mid Cap Opportunities	7%	NYLIM VP MacKay High Yield Corporate Bond
6%	NYLIM VP Bond	6%	NYLIM VP MacKay U.S. Infrastructure Bond
6%	NYLIM VP MFS® Investors Trust	5%	NYLIM VP PIMCO Real Return
5%	NYLIM VP PIMCO Real Return	5%	Columbia Variable Portfolio - Emerging Markets Bond
5%	Columbia Variable Portfolio - Emerging Markets Bond	5%	NYLIM VP MFS® Investors Trust
5%	NYLIM VP MFS® Research	5%	NYLIM VP MFS® Research
5%	Fidelity® VIP Equity-Income PortfolioSM	5%	Fidelity® VIP Equity-Income PortfolioSM
5%	LVIP ClearBridge Appreciation Fund	5%	American Funds® IS Washington Mutual Investors Fund
5%	NYLIM VP PineStone International Equity	5%	NYLIM VP Schroders Mid Cap Opportunities
5%	American Funds® IS New World Fund®	5%	American Funds® IS New World Fund®
5%	MFS® International Intrinsic Equity Portfolio	5%	MFS® International Intrinsic Equity Portfolio

 

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, 2026, 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