0001104659-24-040343.txt : 20240328 0001104659-24-040343.hdr.sgml : 20240328 20240328121314 ACCESSION NUMBER: 0001104659-24-040343 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240328 DATE AS OF CHANGE: 20240328 EFFECTIVENESS DATE: 20240328 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLI VUL 2 SERIES ACCOUNT CENTRAL INDEX KEY: 0001075796 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-70963 FILM NUMBER: 24796238 BUSINESS ADDRESS: STREET 1: 8515 EAST ORCHARD RD CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: 303-737-3000 MAIL ADDRESS: STREET 1: 8515 EAST ORCHARD RD CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLI VUL-2 Series Account of Great-West Life & Annuity Insurance Co of New York CENTRAL INDEX KEY: 0001401960 ORGANIZATION NAME: IRS NUMBER: 132690792 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-144503 FILM NUMBER: 24796239 BUSINESS ADDRESS: STREET 1: 370 LEXINGTON AVENUE STREET 2: SUITE 703 CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: (800) 537-2033 MAIL ADDRESS: STREET 1: 370 LEXINGTON AVENUE STREET 2: SUITE 703 CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: COLI VUL-2 Series Account of First Great-West Life & Annuity Insurance CO DATE OF NAME CHANGE: 20070604

0001075796 S000011535 COLI VUL 2 SERIES ACCOUNT

C000031797 COLI VUL 2 SERIES ACCOUNT

0001401960 S000019045 COLI VUL-2 Series Account of Great-West Life & Annuity Insurance Company of New York

C000052657 COLI VUL-2 Series Account of Great-West Life & Annuity Insurance Company of New York

497 1 tm249866d6_497.htm 497

Supplement dated March 28, 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 March 28, 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 (“Policy”) prospectus (the “Prospectus”). Please read this Supplement carefully and keep it with your Prospectus for future reference.

The Board of Directors of Empower Funds, Inc. approved the liquidation of the Empower Government Money Market Fund (the “Fund”). It is anticipated that the liquidation will take place on or about June 14, 2024 (the “Liquidation Date”). As of that date, the Fund will no longer be available as a Sub-Account under the Policy. The Fund will be closed to new investors on or about May 14, 2024, however, the Fund will continue to accept purchases from existing shareholders until one business day before the Liquidation Date.

Policy Value on the Date of Liquidation. If you have Account Value allocated to the Empower Government Money Market Fund Sub-Account as of 3:00 P.M. Central Time on June 14, 2024, Protective Life Insurance Company (“Protective”) will automatically transfer that Account Value to the Fidelity^® VIP Government Money Market Portfolio – Service Class 2 Sub-Account (the “Money Market Sub-Account”). Following the transfer, you will receive a confirmation statement showing that the transfer has occurred, and the amount transferred. At or after 3:00 PM Central Time on June 13, 2024, premium and Account Value may no longer be allocated or transferred into the Empower Government Money Market Fund Sub-Account. Any request we receive at or after 3:00 P.M. Central Time on June 13, 2024, for the allocation of premium or Account Value to the Empower Government Money Market Fund Sub-Account will result in an allocation of such premium or Account Value to the Money Market Sub-Account.

Transfer Rights. Under your Policy, you are permitted to transfer Account Value among the Sub-Accounts (also referred to as “Investment Options”) currently available under your Policy. The currently available Sub-Accounts for your Policy can be located online at www.protective.com/productprospectus by selecting your Policy then “Investment Options.”

You may transfer from the Empower Government Money Market Fund Sub-Account to any other Sub-Account(s) from the date of this Supplement until the Liquidation Date without incurring a transfer fee or the transfer fee counting towards the number of free transfers permitted in any Policy Year. We will also not impose any transfer fee on any transfer from the Money Market Sub-Account after the Liquidation Date nor will we count any transfer out of the Money Market Sub-Account after the Liquidation Date for the purpose of determining how many free transfers may be permitted in any Policy Year.

We hope you find the enclosed information helpful. If you would like another copy of the current prospectus for any of the Funds available under the Policy, please call us at 888-353-2654. If you have any questions, please contact your financial representative, or call us. Fund prospectuses may also be found online at www.protective.com/productprospectus by selecting your Policy then “Investment Options.” Please work with your financial representative to determine if your existing allocation instructions should be changed before or after the Liquidation Date. You can instruct us to transfer your Account Value from the Empower Government Money Market Fund Sub-Account and/or the Money Market Sub-Account to other available Sub-Accounts by calling us at 888-353-2654.