Prospectus by Investment Company (Form 497)

variable annuity Contracts issued by Separate Account B of Venerable Insurance and Annuity Company,

and

a variable annuity Contract issued by Separate Account EQ of Venerable Insurance and Annuity Company,

and

variable annuity Contracts issued by Separate Account U of Venerable Insurance and Annuity Company,

and

variable universal life insurance Contracts issued by Separate Account A of Venerable Insurance and Annuity Company

each sponsored by

Venerable Insurance and Annuity Company

Prospectus, Updating Summary Prospectus, and Notice Supplement Dated August 6, 2026

This supplement updates the most recent Prospectus, Updating Summary Prospectus ("USP"), and/or Notice for your variable annuity and variable life insurance Contract and subsequent supplements thereto. Please read it carefully and keep it with your copy of the Prospectus, USP, and/or Notice for future reference.

______________________________________________________________________________

Notice of important information about certain Venerable Funds available through your Contract

Effective on or about July 1, 2026, Russell Investment Management, LLC, ceased serving as a discretionary subadviser to the Venerable Appreciation Allocation Fund, the Venerable Conservative Allocation Fund, the Venerable Conservative Appreciation Allocation Fund, the Venerable Moderate Allocation Fund, the Venerable Moderate Appreciation Allocation Fund, the Venerable World Appreciation Allocation Fund, the Venerable World Conservative Allocation Fund, and the Venerable World Moderate Allocation Fund.

Additionally, effective on or about July 16, 2026, the net fees of the Venerable International Equity Fund, the Venerable Moderate Appreciation Allocation Fund, and the Venerable US Small Cap Fund, were changed. Effective on or about July 23, 2026, the net fees of the Venerable High Yield Fund, the Venerable Large Cap Index Fund, the Venerable Moderate Allocation Fund, the Venerable Strategic Bond Fund, and the Venerable US Large Cap Strategic Equity Fund, were changed.

Accordingly, the information about each of the above-referenced Venerable Funds as found in Appendix A of your most recent Prospectus, USP, and/or Notice, as subsequently supplemented, is deleted and replaced with the following information:

* The Fund is relatively new and performance information for the full period is unavailable.

¹ Current Expenses are each Fund's total net annual operating expenses and reflect any temporary expense reimbursements or fee waiver arrangements that are in place and reported in the Fund's prospectus.

More information about the Funds available through your Contract is in the prospectuses for the Funds, which may be amended from time to time and can be found online at https://docs.venerable.com/#/landing.

MORE INFORMATION IS AVAILABLE

More information about the Funds available through your Contract, including information about the risks associated with investing in them, can be found in the current prospectus and Statement of Additional Information for each Fund. You may view these documents online at https://docs.venerable.com or get copies by contacting:

Customer Service

P.O. Box 9271

Des Moines, Iowa 50306-9271

(800) 366-0066

If you received a summary prospectus for any of the Funds available through your Contract, you may obtain a full prospectus and other Fund information free of charge by either accessing the internet address, calling the telephone number or sending an email request to the contact information shown on the front of the Fund's summary prospectus.