Liquidation: COLI VUL-2 Series Account of Great-West Life & Annuity Insurance Co of New York

Form Type: 497VPU

Filing Date: 2025-06-18

Corporate Action: Liquidation

Type: Update

Accession Number: 000110465925060533

Filing Summary: This document serves as a supplement to the Updating Summary Prospectus and Prospectus for Executive Benefit VUL and VUL II policies issued by Empower Annuity Insurance Company of America and Empower Life & Annuity Insurance Company of New York. It announces the Board of Trustees of the Victory Variable Insurance Funds' approval of a plan to liquidate the Victory RS Small Cap Growth Equity VIP Series, with liquidation expected to occur on August 28, 2025. The fund will cease being available as a Sub-Account under the Policy on that date. The Sub-Account that invests in the fund will also be liquidated. Existing policy owners can continue purchasing shares until August 22, 2025. Any Account Value in the Sub-Account as of 3:00 p.m. Central Time on August 28 will be automatically transferred to the Fidelity® VIP Government Money Market Portfolio, with confirmation statements being provided to policyholders. There will be no transfer fees incurred for transfers from the now-liquidating Sub-Account to other Sub-Accounts until the Liquidation Date, and no fees will apply for transfers from the Money Market Sub-Account after the Liquidation Date. Policyholders are advised to consider their allocation instructions in light of these changes.