497VPU 1 a23-10538_6497vpu.htm 497VPU

Supplement Dated June 1, 2023
to the Updating Summary Prospectus and Prospectus dated May 1, 2023
for the Executive Benefit VUL and Executive Benefit VUL II policies issued by
Empower Annuity Insurance Company of America
COLI VUL-2 Series Account

Supplement Dated June 1, 2023
to the Updating Summary Prospectus and Prospectus dated May 1, 2023
for the Executive Benefit VUL II policies issued by
Empower Life & Annuity Insurance Company of New York
COLI VUL-2 Series Account

This Supplement amends certain information in your variable life insurance policy prospectus. Please read this Supplement carefully and keep it with your prospectus for future reference. You may obtain a current prospectus by visiting www.protective.com/productprospectus or by calling 1-888-353-2654.

In the "FUND APPENDIX: FUNDS AVAILABLE UNDER THE POLICY" section of the Updating Summary Prospectus and Prospectus, the following fund information is removed and replaced by the following:

Asset Allocation

 

Portfolio Company — Investment Adviser;

 

Current

  Average Annual Total Returns
(as of 12/31/2022)
 
Type  

Sub-Adviser(s), as applicable

 

Expenses

 

1 Year

 

5 Year

 

10 Year

 

International Equity

  Empower Emerging Markets Equity Fund — Investor Class (formerly, Great-West Emerging Markets Equity Fund) — Goldman Sachs Asset Management, L.P.; Lazard Asset Management LLC(1)  

1.26

%

 

-22.34

%

 

 

 

If you have any questions regarding this Supplement, please contact your investment professional or us toll free at 1-888-353-2654. Please keep this Supplement for future reference.