Updating Summary Prospectus (Form 497VPU)

Dated: May 1, 2026

Yes. If you take a withdrawal during the first 6 Contract Years, you may be assessed a surrender charge of up to 9% of the amount withdrawn. For example, if you invest $100,000 in the Contract and make an early withdrawal, you could pay a surrender charge of up to $9,000. This loss will be greater if there is a negative Interim Value calculation, taxes, or tax penalties.

If all or a portion of the Contract Value is removed from an Indexed Account or from the Contract prior to the end of an Interest Term, we will apply an Interim Value calculation to the Indexed Account Value which may be negative. Surrenders, partial withdrawals (including repetitive withdrawals), death benefit payments, and annuitization from the Indexed Accounts prior to the end of an Interest Term will be based on the Interim Values of the Indexed Accounts. In extreme situations, you could lose up to 100% of your investment due to the Interim Value calculation. For example, if you allocate $100,000 to an Indexed Account with a 2 year Interest Term, and later withdraw the entire amount before the 2 years have ended, you could lose up to $100,000 of your investment. This loss will be greater if the amount withdrawn is also subject to a surrender charge, taxes, and tax penalties.

No.

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 Contract data page for information about the specific fees you will pay each year based on the options you have elected.

There is an implicit ongoing fee on Indexed Accounts to the extent that your participation in Index gains is limited by us through the use of the Cap, Participation Rate, Trigger Rate, or Dual Trigger Rate. This means that your returns may be lower than the Index's returns. In return for accepting this limit on Index gains, you will receive some protection from Index losses.This implicit ongoing fee is not reflected in the tables below.

Optional benefits available for an additional charge (for a single Indexed Account Interest Term, if elected)(1)

1%

(1) Referred to as the "Indexed Account Charge" for certain Indexed Accounts. The Indexed Account Charge is 1% per year of the Interest Term and is deducted from the Indexed Account Value at the end of each Interest Term. The Indexed Account Charge is 1% for 1 year Interest Terms, 2% for 2 year Interest Terms, and 6% for 6 year Interest Terms. All or a portion of the Indexed Account Charge is deducted if you make a full or partial withdrawal from the Indexed Account during the Interest Term.

Lowest Annual Cost:

$0

Highest Annual Cost:

$910.85

Assumes the following:

•Investment of $100,000 in an Indexed Account

•5% annual appreciation

•No Indexed Account Charge

•No optional benefits

•No sales charges

•No additional transfers or withdrawals

•0% loss due to the Interim Value calculation

Assumes the following:

•Investment of $100,000 in an Indexed Account

•5% annual appreciation

•Indexed Account Charge

•No sales charges

•No additional transfers or withdrawals

•0% loss due to the Interim Value calculation

Yes. You can lose money by investing in the Contract.

The following chart shows the maximum percentage of your investment you could lose due to negative Index performance after taking into account the current limits on Index loss provided under the Contract.

10% Buffer

No. The Contract is not a short-term investment and is not appropriate if you need ready access to cash. The benefits of tax deferral and living benefit protections also mean the Contract is more beneficial to investors with a long-time horizon. Tax penalties may apply to withdrawals taken before age 59 ½. Withdrawals from the Contract may be subject to a surrender charges, taxes, and tax penalties. Amounts removed from an Indexed Account before the end of the Interest Term may also result in a negative Interim Value calculation and loss of positive performance. If you take a withdrawal prior to the end of an Interest Term, the withdrawal will cause a reduction (perhaps significant reduction) to your Base Value. Reductions to your Base Value will negatively impact your Indexed Account Value for the remainder of the Interest Term and may result in a lower amount of Indexed Interest being credited, if any, at the end of the Interest Term as well as reduce the amount of Death Benefit available to your Beneficiaries.

At the end of each Interest Term or if the Return Lock feature has been exercised, at the end of the current or any subsequent Interest Term Year, you may elect to transfer your Contract Value between the Fixed Account and any Indexed Account(s) and between Indexed Account(s) and begin a new Interest Term. If we do not receive a transfer request from you by the Transfer Notice Deadline, your allocations will remain the same and no transfers will occur. If an Indexed Account in which you are invested is no longer offered and we do not receive a transfer request, any amount in that Indexed Account will be transferred to the Fixed Account.

Investment in the Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options available under the Contract (e.g., the Indexed Accounts). Each investment option (including the Fixed Account) has its own unique risks. You should review the available investment options before making an investment decision.

All of the Indices we currently offer are price return indices which do not reflect dividends or distributions paid on the components of the Indices. This reduces the Index Return and will cause the Index to underperform a direct investment in the securities composing the Index.

The upside potential feature of the applicable Crediting Methods will limit positive Index Returns (e.g., limited upside). This may result in you earning less than the Index Return. For example:

The Cap represents the maximum positive Adjusted Index Return for a given Interest Term and limits the amount of positive Indexed Interest that we may be obligated to credit for any Interest Term. If the Cap is 8%, the Participation Rate is 100% and the Index Return is 15%, we would credit Indexed Interest at the Adjusted Index Return of 8% (the Index Return up to the Cap) at the end of the Interest Term.

The Participation Rate represents a percentage that can be applied to the Index Return for an Interest Term. If the Participation Rate is 100% with no Cap and the Index Return is 5%, we would multiply the Index Return of 5% by 100%. As a result, we would credit Indexed Interest to your Base Value at the Adjusted Index Return of 5% (100% of the Index Return) at the end of the Interest Term.

If the Index Return is 0% or greater, the Adjusted Index Return equals the Trigger Rate. If the Trigger Rate is 5% and the Index Return is 10%, the Adjusted Index Return equals the 5% Trigger Rate.

If the Index Return is positive, zero, or negative within the Buffer, the Adjusted Index Return equals the Dual Trigger Rate. If the Dual Trigger Rate is 4% and the Index Return is 10% (a positive Index Return), the Adjusted Index Return equals the 4% Dual Trigger Rate. Similarly, if the Index Return is -3% (negative within the Buffer), the Adjusted Index Return would equal the Dual Trigger Rate of 4%.

The downside protection feature of the applicable Crediting Methods will limit negative Index Returns (e.g., limited protection in the case of market decline). For example:

The Buffer represents the amount of negative Index Return that you are protected from before you are credited with negative Indexed Interest. If the Buffer is 10% and the Index Return is -15% (negative Index Return that exceeds the Buffer), we would credit Indexed interest at the Adjusted Index Return of -5%.

The Buffer Plus Rate is added to any negative Index Return to determine the Adjusted Index Return. If the Buffer Plus Rate is 20% and the Index Return is -15% (negative within the Buffer Plus Rate), we would credit Indexed Interest at the Adjusted Index Return of 5%. The Buffer Plus Rate is also the Adjusted Index Return if the Index Return is zero or positive below the Buffer Plus Rate. When the positive Index Return is higher than the Buffer Plus Rate, any positive Index Return in excess of the Buffer Plus Rate is multiplied by the Participation Rate, and then that result is added to the Buffer Plus Rate (subject to the Cap, if applicable) to determine the Adjusted Index Return.

Yes. You may allocate amounts under the Contract to one or more of the Indexed Accounts available to you. Certain Indexed Accounts are closed to new investors and only available to Contract Owners who had Indexed Account Value invested in them as of a certain date. Once the applicable Interest Term is over, these Indexed Accounts will close. No new allocations are permitted to these Indexed Accounts.

We reserve the right to add, combine, restrict or remove any Indexed Account available as an investment option under your Contract. We further reserve the right to restrict or remove the Fixed Account as an investment option available under the Contract.

We may also add or remove an Index or Crediting Method during the time that you own the Contract. There is no guarantee that any particular Indexed Account, Index, or Crediting Method will be available during the entire time that you own your Contract. We may replace an Index at any time during an Interest Term.

Transfers may only be made at the end of each Interest Term or, if the Return Lock feature has been exercised, at the end of the current or any subsequent Interest Term Year.

The amount of Contract Value allocated to an Indexed Account at the beginning of an Interest Term must be at least $2,000.

If any transfer or Indexed Account Charge reduces an Indexed Account Value to less than $2,000, the entire amount remaining in that Indexed Account will be automatically transferred to the Fixed Account.

You may exercise the Return Lock feature only once during an Interest Term for each Indexed Account. Once you exercise the Return Lock feature, it may not be revoked.

The Contract is a single premium annuity contract. Additional Purchase Payments will not be accepted.

We may change the Caps, Participation Rates, Trigger Rates, and Dual Triggers Rates from one Interest Term to the next, subject to the guaranteed minimum rates for each upside potential feature.

Not all Indexed Accounts may be available in all states. Also, your selling firm may not recommend the selection of certain Indexed Accounts or other features available under the Contract based on criteria established by the selling firm. You should speak with your financial professional for details about the Indexed Accounts and features available to you.

Yes. Except as provided otherwise, Contract benefits may be modified or terminated by the Company.

All withdrawals will reduce the death benefit, perhaps significantly, and the reduction may be more than the amount of the withdrawal.

Point to Point with Buffer and Trigger Rate

15% Buffer

•1% Trigger Rate

Point to Point with Buffer, Cap and Participation Rate

10% Buffer

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

Point to Point with Buffer with Charge, Cap and Participation Rate

10% Buffer with charge

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

Point to Point with Buffer, Cap and Participation Rate

15% Buffer

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

Point to Point with Buffer, Cap and Participation Rate

10% Buffer

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

Point to Point with Buffer with Charge, Cap and Participation Rate

10% Buffer with charge

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

Point to Point with Buffer, Cap and Participation Rate

10% Buffer

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

Point to Point with Buffer with charge, Cap and Participation Rate

10% Buffer with charge

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

S&P 500 (4)

Point to Point with Buffer, Cap and Participation Rate

100% Buffer

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

Point to Point with Buffer, Cap and Participation Rate

15% Buffer

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

Point to Point with Buffer and Trigger Rate

10% Buffer

•1% Trigger Rate

Point to Point with Buffer and Trigger Rate

15% Buffer

•1% Trigger Rate

S&P 500 (4)

Point to Point with Buffer and Dual Trigger Rate

10% Buffer

•1% Dual Trigger

Point to Point with Buffer, Cap and Participation Rate

10% Buffer

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

Point to Point with Buffer with Charge, Cap and Participation Rate

10% Buffer with Charge

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

Point to Point with Buffer, Cap and Participation Rate

10% Buffer

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

Point to Point with Buffer with Charge, Cap and Participation Rate

10% Buffer with Charge

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

PIMCO Equity Fusion (2) (3)

Point to Point with Buffer, Cap and Participation Rate

10% Buffer

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

PIMCO Equity Fusion (2) (3)

Point to Point with Buffer with Charge, Cap and Participation Rate

10% Buffer with Charge

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

Point to Point with Buffer, Cap and Participation Rate

10% Buffer

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

Point to Point with Buffer with Charge, Cap and Participation Rate

10% Buffer with Charge

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

Point to Point with Buffer, Cap and Participation Rate

10% Buffer

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

Point to Point with Buffer with Charge, Cap and Participation Rate

10% Buffer with Charge

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

Point to Point with Buffer and Dual Trigger Rate

10% Buffer

•1% Dual Trigger Rate

Nasdaq 100 (4)

Point to Point with Buffer, Cap and Participation Rate

10% Buffer

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

Nasdaq 100 (4)

Point to Point with Buffer, Cap and Participation Rate

20% Buffer

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

Point to Point with Buffer with Charge, Cap and Participation Rate

20% Buffer with charge

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

Point to Point with Buffer, Cap and Participation Rate

10% Buffer

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

Point to Point with Buffer with charge, Cap and Participation Rate

10% Buffer with charge

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

Point to Point with Buffer, Cap and Participation Rate

20% Buffer

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

Point to Point with Buffer, Cap and Participation Rate

10% Buffer

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

Point to Point with Buffer with Charge, Cap and Participation Rate

10% Buffer with charge

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

Point to Point with Buffer, Cap and Participation Rate

30% Buffer

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

Point to Point with Buffer, Cap and Participation Rate

20% Buffer

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

Point to Point with Buffer with Charge, Cap and Participation Rate

20% Buffer with charge

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

Point to Point with Buffer with Charge, Cap and Participation Rate

30% Buffer with charge

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

S&P 500 (4)

Point to Point with Buffer, Cap and Participation Rate

100% Buffer

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

S&P 500 (4)

Point to Point with Buffer Plus, Cap and Participation Rate

10% Buffer Plus

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

S&P 500 (4)

Point to Point with Buffer Plus, Cap and Participation Rate

20% Buffer Plus

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

S&P 500 (4)

Point to Point with Buffer Plus, Cap and Participation Rate

30% Buffer Plus

•2% Cap during Surrender Period and 1% thereafter

•100% Participation Rate

1-year