COLI VUL 2 SERIES ACCOUNT

Form Type: 497

Filing Date: 2024-12-23

Corporate Action: Liquidation

Type: New

Accession Number: 000110465924131160

Comments: This document serves as a supplement to the Updating Summary Prospectus and Prospectus for the Executive Benefit VUL and Executive Benefit VUL II policies. It announces that the Board of Trustees of the Goldman Sachs Variable Insurance Trust approved the liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio, scheduled to occur around April 11, 2025. Consequently, the associated Goldman Sachs Multi-Strategy Alternatives Portfolio Sub-Account will also be liquidated. Current policy owners can purchase shares of the fund until April 7, 2025. After the liquidation date, account values allocated to this sub-account will be automatically transferred to the Fidelity VIP Government Money Market Portfolio, with confirmation statements issued following the transfer. There are also provisions for transferring account values to other sub-accounts without incurring fees prior to the liquidation date, and details regarding how to manage these transfers are provided.

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Form Type: 497VPU

Filing Date: 2024-12-23

Corporate Action: Liquidation

Type: Update

Accession Number: 000110465924131163

Comments: This Supplement amends certain details in the variable universal life insurance policy prospectuses. The Board of Trustees has approved a plan for the liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio, anticipated to be completed by April 11, 2025. After this date, the related Sub-Account will also be liquidated and will not be available under the policy. Policyholders can still purchase shares of the Fund until April 7, 2025. After the liquidation, Account Values allocated to this Sub-Account will automatically be transferred to the Money Market Sub-Account, with confirmation provided to policyholders. Additionally, policyholders can transfer account values among Sub-Accounts without fees before the Liquidation Date. The document encourages policyholders to review their allocation instructions and provides customer service contact information for assistance.

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Form Type: 497VPU

Filing Date: 2024-12-23

Corporate Action: Liquidation

Type: Update

Accession Number: 000110465924131164

Comments: This supplement updates certain information regarding the variable universal life insurance policy related to the Executive Benefit VUL and Executive Benefit VUL II. The Board of Trustees of the Goldman Sachs Variable Insurance Trust has approved a plan to liquidate the Goldman Sachs Multi-Strategy Alternatives Portfolio, anticipated to occur on April 11, 2025. Post-liquidation, this portfolio will no longer be available as a Sub-Account under the policy, prompting an automatic transfer of any remaining Account Value to the Fidelity® VIP Government Money Market Portfolio. Additionally, policy owners can continue to purchase shares until April 7, 2025, and no transfer fees will be imposed for transfers to other Sub-Accounts. Policyholders are advised to review their allocation instructions accordingly before the Liquidation Date.

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