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Supplement to the Variable Life Prospectuses

 

 

American General Life Insurance Company

Separate Account VL-R

Gemstone Life

Platinum Investor I

The United States Life Insurance Company in The City of New York

Separate Account USL VL-R

Gemstone Life

 

 

Effective on or about May 1, 2023, below Underlying Funds of JPMorgan Insurance Trust (the “Acquired Underlying Funds”) were reorganized into the corresponding Underlying Funds of Lincoln Variable Insurance Products Trust (the “Acquiring Underlying Funds”) as shown in the table below.

 

Acquired Underlying Funds    Acquiring Underlying Funds
   

JPMorgan Insurance Trust Core Bond Portfolio

  

LVIP JPMorgan Core Bond Fund

   

JPMorgan Insurance Trust Mid Cap Value Portfolio

  

LVIP JPMorgan Mid Cap Value Fund

   

JPMorgan Insurance Trust Small Cap Core Portfolio

  

LVIP JPMorgan Small Cap Core Fund

   

SA JPMorgan Insurance Trust U.S. Equity Portfolio

  

LVIP JPMorgan U.S. Equity Fund

The fees and expenses for the Acquiring Underlying Funds are shown in the table below.

 

Acquiring Fund   Management Fees   Other Expenses   Annual Operating
Expenses
       

LVIP JPMorgan Core Bond Fund  

  0.40%   0.10%   0.51%*
       

LVIP JPMorgan Mid Cap Value Fund  

  0.65%   0.08%   0.73%
       

LVIP JPMorgan Small Cap Core Fund  

  0.65%   0.11%   0.76%
       

LVIP JPMorgan U.S. Equity Fund

  0.55%   0.12%   0.67%

*The Annual Operating Expenses for the LVIP JPMorgan Core Bond Fund also include Acquired Fund Fees and Expenses of 0.01%.

Dated: July 19, 2023

Please keep this Supplement with your Prospectus

 

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