497VPU 1 tm245410d15_497vpu.htm 497VPU
Supplement dated February 9, 2024,
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 February 9, 2024,
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 (the “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 888-353-2654.
   
On February 26, 2024, the following fund information in the "FUND APPENDIX: FUNDS AVAILABLE UNDER THE POLICY" section of the Updating Summary Prospectus and Prospectus is removed and replaced by the following:
 
           
 
 
 
Asset Allocation Type
 
 
 
Portfolio Company – Investment Adviser; Sub-Adviser(s), as applicable
 
 
 
 
Current Expenses
 
 
 
Average Annual Total Returns
(as of 12/31/2022)
1 Year
5 Year
10 Year
Taxable Bond
Empower Bond Index Fund - Investor Class (formerly, Great-West Bond Index Fund)(1)Franklin Advisers, Inc. and Franklin Advisory Services, LLC
0.50%
-13.68%
-0.56%
0.54%
Taxable Bond
 
Empower Short Duration Bond Fund - Investor Class (formerly, Great-West Short Duration Bond Fund)(1)Putnam Investment Management, LLC
0.60%
-4.25%
1.22%
1.27%
Taxable Bond
 
Empower U.S. Government Securities Fund - Investor Class (formerly, Great-West U.S. Government Securities Fund)(1)Western Asset Management Company, LLC
0.60%
-12.08%
-0.59%
0.45%
 
If you have any questions regarding this Supplement, please contact your investment professional or us toll free at 888-353-2654 Please keep this Supplement for future reference.