1. Fidelity Institutional AM is a registered service mark of FML LLC. Used with permission.
The NYLI Series VP portfolios are investment options only available through certain variable products offered by New York Life Insurance and Annuity Corporation ("NYLIAC") or through other insurance company products. They are different from the mutual funds that may have similar names but are available directly to the general public. Investment results will differ. For more complete information, and to obtain product and funds prospectuses, please contact your Registered Representative, or call 1-800-598-2019. Investors are asked to read the prospectus carefully and consider the investment objectives, risks and charges and expenses of the investment before investing. Both the product prospectus and the underlying funds contain this and other information about the product and underlying investment options.
2. NYLI VP S&P 500 Index Portfolio
The Portfolio is classified as a diversified investment company, as defined under the Investment Company Act of 1940, as amended (the “1940 Act”). However, the Portfolio may become non-diversified under the 1940 Act without the approval of shareholders solely
as a result of a change in relative market capitalization or index weighting of one or more constituents of its benchmark index, the S&P 500 ® Index, which it seeks to track.