Prospectus supplement dated February 14, 2020
to the
following prospectus(es):
Key Future, The BB&T
Future Annuity, BOA CVUL Future (NLIC), Next Generation Corporate Variable Universal Life, and Future Executive VUL dated May 1, 2019
BOA TruAccord Variable Annuity, BOA CVUL Future (NLAIC),
Newport PCVUL and BOA CVUL (NLAIC) dated May 1, 2008
This
supplement updates certain information contained in your prospectus. Please read it and keep it with your prospectus for future reference. |
The following disclosure changes are hereby made to the
prospectus:
At a meeting of the Board of Trustees (the
"Board") of BNY Mellon Variable Investment Fund (the "Trust") the Board approved the liquidation (the "Liquidation") pursuant to which the BNY Mellon Variable Investment Fund – International Value Portfolio (the "Fund") will be liquidated. The
liquidation is expected to occur on or about April 30, 2020 (the "Liquidation Date").
In anticipation of the Liquidation, the following changes
apply to the contract:
•
|
Effective on or about March
31, 2020, the Fund will no longer be available for purchase or exchanges by new investors. Shareholders of the Fund may continue to make subsequent investments until the Liquidation Date. |
•
|
Prior to the Liquidation
Date and pursuant to the terms of your contract/policy, you may transfer your allocations from the Fund to any investment option available in your contract/policy. |
•
|
On or about the Liquidation
Date, any remaining assets of the Fund will be transferred to the Nationwide Variable Insurance Trust – NVIT Government Money Market Fund (the "Acquiring Fund"). |
•
|
After the
Liquidation Date, any and all references in the prospectus to the Fund are deleted and replaced with the Acquiring Fund. |