Fortitude Life Insurance & Annuity Co.
04/27/2026 | Press release | Distributed by Public on 04/27/2026 15:24
Updating Summary Prospectus (Form 497VPU)
FORTITUDE LIFE INSURANCE & ANNUITY COMPANY
Fortitude Life Insurance & Annuity Company Variable Account B
A Fortitude Re Company
Ten Exchange Place, Suite 2210, Jersey City, NJ 07302
ADVANCED SERIES ADVISOR PLAN II ("ASAP II")
Updating Summary Prospectus
May 1, 2026
You should read this Updating Summary Prospectus carefully, particularly the section titled "Important Information You Should Consider About the Annuity".
An updated statutory prospectus for the Advanced Series Advisor Plan II ("ASAP II") Variable Annuity Contracts is currently available online, which contains more information about the Annuity, including its features, benefits, investment options, and risks. You can find the prospectus and other information about the contract online at www.prudential.com/regdocs/FLIAC-ASAP2-STAT. You can also obtain this information at no cost by calling 1-800-879-7012 or by sending an email request to [email protected].
The statutory prospectus describes all the investment options, features, and benefits that we make available under the Annuity. The availability of investment options, features and benefits described in the statutory prospectus may vary depending on the broker-dealer through which the Contract is sold ("financial intermediary variations"). We have identified all such financial intermediary variations that are known or reasonably available to us. Financial intermediary variations may be imposed by some broker-dealers without our knowledge. For example, your Financial Professional may not recommend a particular investment option or benefit to you because of a decision by the Financial Professional's broker-dealer not to offer that investment option or benefit to its customers. Taking into consideration the breadth of our distribution network, we are unable to obtain information about all financial intermediary variations without unreasonable effort or expense. You should discuss with your Financial Professional any limitations, restrictions, or other variations related to the investment options, benefits or other features available to you through your Financial Professional.
This Updating Summary Prospectus incorporates by reference the ASAP II prospectus and Statement of Additional Information (SAI), both dated May 1, 2026, as amended or supplemented. The SAI may be obtained, free of charge, in the same manner as the prospectus.
Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission's staff and is available at www.Investor.gov.
The Securities and Exchange Commission has not approved or disapproved these securities or passed upon the adequacy of this Updating Summary Prospectus. Any representation to the contrary is a criminal offense.
ASAPIIPROS-USP
Table of Contents
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Glossary of Terms........................................................................................... |
1 |
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Updated Information About Your Contract.......................................................................... |
2 |
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Important Information You Should Consider About the Annuity........................................................... |
3 |
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Appendix A - Portfolios Available Under the Annuity................................................................... |
7 |
GLOSSARY OF TERMS
Many terms used within this Prospectus are described within the text where they appear. The description of those terms are not repeated in this Glossary of Terms.
Account Value: The value of each allocation to a Variable Option or a Fixed Allocation prior to the Annuity Date, plus any earnings, and/or less any losses, distributions and charges. The Account Value is calculated before we assess any applicable Contingent Deferred Sales Charge ("CDSC") and/or any Annual Maintenance Fee. The Account Value includes any additional amounts we applied to your Purchase Payments that we are entitled to recapture under certain circumstances. The Account Value is determined separately for each Variable Option and for each Fixed Allocation, and then totaled to determine the Account Value for your entire Annuity. The Account Value of each Fixed Allocation on other than its Maturity Date may be calculated using a Market Value Adjustment.
Accumulation Period: The period of time from the Issue Date through the last Valuation Day immediately preceding the Annuity Date.
Annuity Date: The date you choose for annuity payments to commence. A maximum Annuity Date may apply.
Annuity Year: A 12-month period commencing on the Issue Date of the Annuity and each successive 12-month period thereafter.
Fixed Allocation: An allocation of Account Value that is to be credited a fixed rate of interest for a specified Guarantee Period during the Accumulation Period.
Guarantee Period: A period of time during the Accumulation Period where we credit a fixed rate of interest on a Fixed Allocation.
Issue Date: The effective date of your Annuity.
Market Value Adjustment: A Market Value Adjustment used in the determination of Account Value of each Fixed Allocation on any day other than the Maturity Date of such Fixed Allocation.
Maturity Date: The last day of the Guarantee Period.
MVA Fixed Allocation: An investment option that offers a fixed rate of interest for a specified Guarantee Period during the accumulation period that is subject to a market value adjustment if you withdraw Account Value prior to the maturity of the Fixed Allocation. Your Annuity may include Fixed Allocations that are not subject to a market value adjustment, such as a benefit fixed rate account.
Owner: With an Annuity issued as an individual annuity contract, the Owner is either an eligible entity or person named as having ownership rights in relation to the Annuity. With an Annuity issued as a certificate under a group annuity contract, the "Owner" refers to the person or entity who has the rights and benefits designated as to the "Participant" in the certificate.
Portfolio: Any underlying mutual fund which may be selected as an investment option by the Owner. The terms "Fund" and "Portfolio" are used interchangeably. Some of the Portfolios use the term "Fund" and others use the term "Portfolio" in their respective prospectuses.
Purchase Payment: A cash consideration in currency of the United States of America given to us in exchange for the rights, privileges, and benefits of the Annuity.
Registered Separate Account: Fortitude Life Insurance & Annuity Co Variable Account B, which holds the assets supporting the Variable Options. Assets held in the Registered Separate Account are kept separate from all of our other assets and may not be charged with liabilities arising out of any other business we may conduct. The Registered Separate Account may be referred to as the "Separate Account" in this prospectus and the Contract.
Valuation Day: Every day the New York Stock Exchange is open for trading or any other day the Securities and Exchange Commission requires mutual funds or unit investment trusts to be valued.
Variable Option: A division of the Registered Separate Account. The Variable Option also may be referred to in this prospectus and the Annuity as a Variable Sub-account or Sub-account.
"We," "our," "us", "FLIAC", or "the Company": Fortitude Life Insurance & Annuity Company.
"You" or "your": the Owner(s) shown in the Annuity.
May 1, 2026Updating Summary Prospectus 1
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UPDATED INFORMATION ABOUT YOUR CONTRACT
There have been no changes to Contract features since the date of the last statutory prospectus, May 1, 2025.
May 1, 2026Updating Summary Prospectus 2
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Important Information You Should Consider About the Contract |
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Fees, Expenses, and Adjustments |
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Are there Charges or Adjustments for Early Withdrawals? |
Yes. |
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Are there Transaction Charges? |
Yes. |
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May 1, 2026Updating Summary Prospectus 3
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Important Information You Should Consider About the Contract |
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Fees, Expenses, and Adjustments |
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Are there Ongoing Fees and Expenses? |
Yes. |
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Annual Fee |
Minimum |
Maximum |
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Base Contract Fees |
1.449%* |
1.449%* |
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Portfolio Company fees and expenses |
0.58%* |
1.94%* |
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Optional benefits available for an additional charge |
0.25%1 |
10.50%2 |
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*Charge based on average daily net assets allocated to the Variable Options. Please refer to the "Charges and Adjustments" section and "Appendix A" of the statutory prospectus for more information.
(1)
Charge based on a percentage of the net assets allocated to the Variable Options or the Account Value. This charge is the current charge for the Guaranteed Return Option (GRO)/GRO Plus, Highest Anniversary Value Death Benefit, and Enhanced Beneficiary Protection Death Benefit, the least expensive optional benefits with an additional charge.
(2)
Charge based on a percentage of the Account Value. This charge is the current charge for the Plus40 Optional Life Insurance Rider, the most expensive optional benefit with an additional charge. 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. This estimate assumes that you do not take withdrawals from the Contract, which could add surrender charges and negative Market Value Adjustments that substantially increase costs. |
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Lowest Annual Cost |
Highest Annual Cost |
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Assumes:
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Assumes:
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For more information on ongoing fees and expenses, please refer to the "Fee Table" and "Charges and Adjustments" section of the statutory prospectus. |
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May 1, 2026Updating Summary Prospectus 4
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Risks |
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Is there a Risk of Loss from Poor Performance? |
Yes. |
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Is this a Short-Term Investment? |
No. |
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What are the Risks Associated with the Investment Options? |
An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the performance of the Investment Options you select. Each of the investment options available under the Contract, including the Variable Options and Fixed Allocations, has its own unique risks. You should review the investment options before making an investment decision. The Fixed Allocations may be subject to a Market Value Adjustment, which can be negative, causing you to lose money. |
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What are the Risks Related to the Insurance Company? |
An investment in the Contract is subject to the risks related to the Company. Any obligations (including under any Fixed Allocation), guarantees, or benefits are subject to the claims-paying ability of the Company. More information about the Company, including its financial strength ratings, is available upon request. Such requests can be made toll-free at 1-800-879-7012. |
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Restrictions |
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Are there Restrictions on the Investment Options? |
Yes. |
May 1, 2026Updating Summary Prospectus 5
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Restrictions |
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Are there any Restrictions on Contract Benefits? |
Yes. |
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Taxes |
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What are the Contract's Tax Implications? |
You should consult with a tax professional to determine the tax implications of an investment in and payments received under the Contract. There is no additional tax benefit if you purchase the Contract through a tax-qualified plan or individual retirement account (IRA). Withdrawals will be subject to ordinary income tax, and may be subject to the 10% additional tax for distributions taken prior to age 59 1/2. |
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Conflicts of Interest |
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How are Investment Professionals Compensated? |
Investment professionals may receive compensation for selling the Annuity to investors and may have a financial incentive to offer or recommend the Annuity over another investment. This compensation is paid in the form of commissions, based on your investment in the Annuity. |
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Should I Exchange My Contract? |
Some investment professionals may have a financial incentive to offer you a new Contract in place of the one you already own. You should only exchange your contract if you determine after comparing the features, fees, and risks of both contracts, and any fees or penalties to terminate the existing contract, that it is preferable to purchase the new contract, rather than continue to own your existing contract. This Annuity is no longer sold. |
May 1, 2026Updating Summary Prospectus 6
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APPENDIX A - INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT
Certain Investment Options may not be available through certain financial intermediaries. See the Cover Page of the statutory prospectus for additional information.
Variable Options
The following is a list of Portfolios available under the Contract. More information about the Portfolios is available in the prospectuses for the Portfolios, which may be amended from time to time and can be found online at www.prudential.com/regdocs/FLIAC-ASAP2-STAT. You can also request this information at no cost by calling 1-800-346-3778 or by sending an email request to [email protected]. Depending on the optional benefits you choose, you may not be able to invest in certain Portfolio Companies.
The current expenses and performance information below reflects fees and expenses of the Portfolios, but do not reflect the other fees and expenses that your Contract may charge. Expenses would be higher, and performance would be lower if these other charges were included. Each Portfolio's past performance is not necessarily an indication of future performance.
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Fund Type |
Portfolio Company and Advisor/Subadvisor |
Current |
Average Annual Total Returns |
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1 Year |
5 Year |
10 Year |
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Equity |
Allspring VT Discovery All Cap Growth Fund - Class 11,♦ |
0.75% |
15.53% |
6.31% |
13.84% |
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Equity |
Allspring VT Opportunity Fund - Class 1♦ |
0.75% |
7.00% |
9.22% |
12.13% |
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Equity |
Allspring VT Small Cap Growth Fund - Class 11,♦ |
0.91% |
9.55% |
-0.70% |
10.22% |
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Allocation |
AST Aggressive Asset Allocation Portfolio1,♦ |
0.86% |
16.17% |
8.81% |
9.59% |
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Allocation |
AST Balanced Asset Allocation Portfolio1,♦ |
0.87% |
14.35% |
6.96% |
8.05% |
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Fixed Income |
AST Core Fixed Income Portfolio1 |
0.68% |
7.15% |
-1.10% |
2.30% |
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Fixed Income |
AST Government Money Market Portfolio1 |
0.58% |
3.78% |
2.86% |
1.78% |
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Equity |
AST International Equity Portfolio1 |
1.02% |
32.84% |
5.76% |
10.00% |
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Allocation |
AST J.P. Morgan Conservative Multi-Asset Portfolio1,♦ |
0.92% |
10.37% |
3.31% |
5.19% |
May 1, 2026Updating Summary Prospectus 7
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Fund Type |
Portfolio Company and Advisor/Subadvisor |
Current |
Average Annual Total Returns |
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1 Year |
5 Year |
10 Year |
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Allocation |
AST J.P. Morgan Moderate Multi-Asset Portfolio1,♦ |
0.97% |
12.53% |
5.61% |
7.30% |
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Equity |
AST Large-Cap Equity Portfolio1 |
0.84% |
14.88% |
13.25% |
12.47% |
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Equity |
AST Large-Cap Growth Portfolio1 |
0.87% |
17.06% |
11.35% |
16.27% |
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Equity |
AST Large-Cap Value Portfolio1 |
0.81% |
16.05% |
12.97% |
11.35% |
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Allocation |
AST Multi-Asset Diversified Plus Portfolio1,♦ |
1.13% |
13.55% |
5.58% |
5.73% |
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Allocation |
AST Multi-Asset Diversified Portfolio1,♦ |
0.90% |
15.55% |
6.86% |
8.28% |
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Allocation |
AST PGIM Aggressive Multi-Asset Portfolio1 |
0.90% |
16.00% |
8.22% |
8.26% |
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Allocation |
AST Preservation Asset Allocation Portfolio1,♦ |
0.89% |
11.33% |
3.76% |
5.45% |
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Equity |
AST Small-Cap Equity Portfolio1 |
1.01% |
7.41% |
1.81% |
10.39% |
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Equity |
Inverse S&P 500® Strategy Fund♦,‡ |
1.82% |
-11.76% |
-10.49% |
-12.91% |
May 1, 2026Updating Summary Prospectus 8
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Fund Type |
Portfolio Company and Advisor/Subadvisor |
Current |
Average Annual Total Returns |
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1 Year |
5 Year |
10 Year |
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Equity |
Invesco V.I. Discovery Mid Cap Growth Fund - Series I shares1,‡ |
0.86% |
4.79% |
3.90% |
11.38% |
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Equity |
Invesco V.I. Diversified Dividend Fund - Series I shares1 |
0.68% |
15.74% |
10.81% |
9.20% |
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Equity |
Invesco V.I. Health Care Fund - Series I shares1 |
0.99% |
15.33% |
3.80% |
6.58% |
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Equity |
Invesco V.I. Technology Fund - Series I shares‡ |
0.96% |
20.47% |
10.30% |
15.78% |
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Equity |
NASDAQ-100® Fund1,♦,‡ |
1.76% |
19.04% |
13.32% |
17.60% |
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Equity |
Nova Fund♦,‡ |
1.74% |
20.87% |
16.53% |
17.73% |
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Equity |
NVIT Fidelity Institutional AM® Emerging Markets Fund - Class D1,♦ |
1.46% |
35.77% |
0.70% |
5.98% |
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Fixed Income |
ProFund Access VP High Yield‡ |
1.64% |
6.24% |
2.85% |
3.92% |
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Equity |
ProFund VP Asia 301,♦ |
1.68% |
24.12% |
-2.31% |
5.18% |
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Equity |
ProFund VP Banks1,♦ |
1.68% |
10.53% |
9.89% |
8.26% |
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Equity |
ProFund VP Bear1,♦ |
1.68% |
-14.47% |
-11.20% |
-13.49% |
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Equity |
ProFund VP Biotechnology |
1.60% |
34.03% |
9.50% |
7.41% |
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Equity |
ProFund VP Bull1 |
1.68% |
15.56% |
12.18% |
12.55% |
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Equity |
ProFund VP Communication Services1,♦ |
1.68% |
20.91% |
14.55% |
8.97% |
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Equity |
ProFund VP Consumer Discretionary1,♦ |
1.68% |
5.51% |
5.53% |
10.01% |
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Equity |
ProFund VP Consumer Staples1,♦ |
1.68% |
-0.17% |
0.62% |
5.67% |
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Equity |
ProFund VP Energy1,♦ |
1.68% |
5.86% |
21.01% |
5.88% |
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Equity |
ProFund VP Europe 301,♦ |
1.68% |
29.59% |
12.78% |
8.01% |
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Equity |
ProFund VP Financials1,♦ |
1.68% |
12.90% |
12.77% |
11.04% |
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Equity |
ProFund VP Health Care1,♦ |
1.68% |
12.56% |
5.50% |
8.02% |
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Equity |
ProFund VP Industrials1,♦ |
1.68% |
17.25% |
9.11% |
11.45% |
May 1, 2026Updating Summary Prospectus 9
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Fund Type |
Portfolio Company and Advisor/Subadvisor |
Current |
Average Annual Total Returns |
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1 Year |
5 Year |
10 Year |
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Equity |
ProFund VP Internet♦ |
1.68% |
9.13% |
3.71% |
12.40% |
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Equity |
ProFund VP Japan1 |
1.68% |
30.69% |
14.99% |
11.39% |
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Equity |
ProFund VP Large-Cap Growth1,♦ |
1.68% |
19.96% |
13.07% |
14.95% |
|
Equity |
ProFund VP Large-Cap Value1,♦ |
1.68% |
11.37% |
11.09% |
9.89% |
|
Equity |
ProFund VP Materials1,♦ |
1.68% |
8.05% |
6.41% |
8.42% |
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Equity |
ProFund VP Mid-Cap Growth1,♦ |
1.68% |
5.67% |
5.32% |
8.63% |
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Equity |
ProFund VP Mid-Cap Value1,♦ |
1.68% |
5.84% |
9.19% |
8.92% |
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Equity |
ProFund VP NASDAQ-1001 |
1.68% |
18.62% |
12.94% |
17.28% |
|
Equity |
ProFund VP Pharmaceuticals1,♦ |
1.68% |
29.34% |
5.70% |
5.37% |
|
Equity |
ProFund VP Precious Metals1 |
1.68% |
150.31% |
17.01% |
18.89% |
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Equity |
ProFund VP Real Estate1,♦ |
1.68% |
0.63% |
2.85% |
3.95% |
|
Equity |
ProFund VP Rising Rates Opportunity1 |
1.59% |
1.67% |
14.28% |
0.27% |
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Equity |
ProFund VP Semiconductor |
1.64% |
41.70% |
34.17% |
30.80% |
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Equity |
ProFund VP Short Mid-Cap♦ |
1.68% |
-4.51% |
-7.65% |
-11.55% |
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Equity |
ProFund VP Short NASDAQ-1001,♦ |
1.68% |
-15.80% |
-13.57% |
-18.48% |
|
Equity |
ProFund VP Short Small-Cap♦ |
1.68% |
-10.08% |
-6.50% |
-11.77% |
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Equity |
ProFund VP Small-Cap Growth1,♦ |
1.68% |
3.62% |
3.79% |
7.98% |
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Equity |
ProFund VP Small-Cap Value1,♦ |
1.68% |
5.00% |
7.17% |
7.81% |
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Equity |
ProFund VP Technology |
1.58% |
22.60% |
15.01% |
20.16% |
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Fixed Income |
ProFund VP U.S. Government Plus1,♦ |
1.38% |
1.17% |
-13.73% |
-3.45% |
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Equity |
ProFund VP UltraBull♦ |
1.68% |
24.38% |
19.82% |
20.95% |
|
Equity |
ProFund VP UltraMid-Cap1,♦ |
1.68% |
3.20% |
7.98% |
11.51% |
May 1, 2026Updating Summary Prospectus 10
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Fund Type |
Portfolio Company and Advisor/Subadvisor |
Current |
Average Annual Total Returns |
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1 Year |
5 Year |
10 Year |
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Equity |
ProFund VP UltraNASDAQ-100♦ |
1.68% |
29.25% |
18.60% |
29.22% |
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Allocation |
ProFund VP UltraSmall-Cap♦ |
1.68% |
12.93% |
1.23% |
8.81% |
|
Equity |
ProFund VP Utilities1,♦ |
1.68% |
13.98% |
7.78% |
8.61% |
| The additional information below may be applicable to the Portfolios listed in the above table. |
| PGIM Fixed Income is a business unit of PGIM, Inc. |
| PGIM Investments LLC manages each of the Portfolios of The Prudential Series Fund (PSF). |
| PGIM Investments LLC manages each of the Portfolios of the Advanced Series Trust (AST). AST Investment Services, Inc. serves as co-manager, along with PGIM Investments LLC, to many of the Portfolios of AST. |
| PGIM Real Estate is a business unit of PGIM, Inc. |
| 1. | These Portfolios are also offered in other variable annuity contracts that utilize a predetermined mathematical formula to manage the guarantees offered in connection with optional benefits. |
| Those other variable annuity contracts offer certain optional living benefits that utilize a predetermined mathematical formula (the "formula") to manage the guarantees offered in connection with those optional benefits. The formula monitors each contract Owner's Account Value daily and, if necessary, will systematically transfer amounts among investment options. The formula transfers funds between the Variable Options for those variable annuity contracts and an AST Bond Portfolio Variable Option or a fixed account (those AST Bond Portfolios or a fixed account may not be available in connection with the annuity contracts offered through this prospectus). You should be aware that the operation of the formula in those other variable annuity contracts may result in large-scale asset flows into and out of the underlying Portfolios that are available with your contract. These asset flows could adversely impact the underlying Portfolios, including their risk profile, expenses and performance. Because transfers between the Variable Options and the AST Bond Variable Option or a fixed account can be frequent and the amount transferred can vary from day to day, any of the underlying Portfolios could experience the following effects, among others: |
| (1) | a Portfolio's investment performance could be adversely affected by requiring a subadvisor to purchase and sell securities at inopportune times or by otherwise limiting the subadvisor's ability to fully implement the Portfolio's investment strategy; |
| (2) | the subadvisor may be required to hold a larger portion of assets in highly liquid securities than it otherwise would hold, which could adversely affect performance if the highly liquid securities underperform other securities (e.g., equities) that otherwise would have been held; and |
| (3) | a Portfolio may experience higher turnover and greater negative asset flows than it would have experienced without the formula, which could result in higher operating expense ratios and higher transaction costs for the Portfolio compared to other similar funds. |
| The efficient operation of the asset flows among Portfolios triggered by the formula depends on active and liquid markets. If market liquidity is strained, the asset flows may not operate as intended. For example, it is possible that illiquid markets or other market stress could cause delays in the transfer of cash from one Portfolio to another Portfolio, which in turn could adversely impact performance. |
| Before you allocate to the Variable Option with the AST Portfolios listed above, you should consider the potential effects on the Portfolios that are the result of the operation of the formula in the variable annuity contracts that are unrelated to your Variable Annuity. Please work with your financial professional to determine which Portfolios are appropriate for your needs. |
| ♦ | This information includes annual expenses that reflect temporary or other fee reductions or waivers. Please see the Portfolio prospectus for additional information. |
| ‡ | The Portfolio has certain restrictions regarding availability for investment by Contract Owners as listed below. |
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Inverse S&P 500® Strategy Fund Effective March 19, 2001 was closed to all new investments. However, electronic funds transfer, dollar cost averaging, asset allocation and rebalancing programs, as applicable, that were elected prior to the effective date will not be affected by the closure unless a contract owner withdraws or otherwise transfers their entire Account Value from the Portfolio. |
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Invesco V.I. Discovery Mid Cap Growth Fund - Series I shares Effective May 1, 2020 was closed to all new investments except those made by contract Owners who had account value in the Portfolio on the effective date or at any time prior to the effective date. |
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Invesco V.I. Technology Fund - Series I shares Effective May 1, 2022 was closed to all new investments except those made by contract Owners who had account value in the Portfolio on the effective date or at any time prior to the effective date. |
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NASDAQ-100® Fund Effective March 19, 2001 was closed to all new investments. However, electronic funds transfer, dollar cost averaging, asset allocation and rebalancing programs, as applicable, that were elected prior to the effective date will not be affected by the closure unless a contract owner withdraws or otherwise transfers their entire Account Value from the Portfolio. |
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Nova Fund Effective March 19, 2001 was closed to all new investments. However, electronic funds transfer, dollar cost averaging, asset allocation and rebalancing programs, as applicable, that were elected prior to the effective date will not be affected by the closure unless a contract owner withdraws or otherwise transfers their entire Account Value from the Portfolio. |
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ProFund Access VP High Yield Effective April 26, 2021 was closed to all new investments except those made by contract Owners who had account value in the Portfolio on the effective date or at any time prior to the effective date. |
May 1, 2026Updating Summary Prospectus 11
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Fixed Options
The following is a list of Fixed Options currently available under the Contract. We may change the features of the Fixed Options listed below, offer new Fixed Options, and terminate existing Fixed Options. We will provide you with written notice before doing so. For more information about the Fixed Options, see "Description of Insurance Company, Registered Separate Account, and Investment Options" in the statutory prospectus.
Note: If amounts are withdrawn from MVA Fixed Allocation before the end of its term, we will apply a Contract Adjustment. This may result in a significant reduction in your Contract value. For more information about Market Value Adjustments, please refer to the "Charges and Adjustments" section of the statutory prospectus.
|
Name |
Term |
Minimum Guaranteed Interest Rate* |
|
Guaranteed Period GRO1 |
7 Year |
0%2 |
|
MVA Fixed Allocation |
1 Year |
0%2 |
|
MVA Fixed Allocation |
2 Year |
0%2 |
|
MVA Fixed Allocation |
3 Year |
0%2 |
|
MVA Fixed Allocation |
5 Year |
0%2 |
|
MVA Fixed Allocation |
7 Year |
0%2 |
|
MVA Fixed Allocation |
10 Year |
0%2 |
*The rate shown is the last Minimum Guaranteed Interest Rate issued before the product closed to new customers. Your Minimum Guaranteed Interest Rate is the amount shown on your Contract and can vary by state. Please consult with your representative for availability and current rates.
1 Not available for allocations.
2 The Minimum Guaranteed Interest Rate is linked to an index and never less than zero, as shown on your Contract and subject to state minimums.
Investment Restrictions
Please note that the following Portfolios are not available if you have elected any of the following optional benefits:
|
Optional Benefit Name: |
All investment options permitted, EXCEPT these: |
|
Guaranteed Return Option |
Invesco V.I. Technology Fund - Series I shares |
|
Guaranteed Return Option Plus |
ProFund Access VP High Yield |
|
Highest Anniversary Value Death Benefit |
ProFund VP Biotechnology |
|
ProFund VP Internet |
|
|
ProFund VP Semiconductor |
|
|
ProFund VP Short Mid-Cap |
|
|
ProFund VP Short Small-Cap |
|
|
ProFund VP Technology |
|
|
ProFund VP UltraBull |
|
|
ProFund VP UltraNASDAQ-100 |
|
|
ProFund VP UltraSmall-Cap |
May 1, 2026Updating Summary Prospectus 12
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Ten Exchange Place
Suite 2210
Jersey City, New Jersey 07302
|
Edgar Contract Identifier: C000003475; C000267645 |
ASAPIIPROS-USP |
Fortitude Life Insurance & Annuity Co. published this content on April 27, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 27, 2026 at 21:24 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]