Liquidation: GUARDIAN SEPARATE ACCOUNT C

Form Type: 497

Filing Date: 2025-07-18

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525161160

Filing Summary: This prospectus supplement outlines important information regarding certain variable life policies issued by The Guardian Insurance & Annuity Company, Inc. on July 18, 2025. The document highlights that the Board of Trustees of Variable Insurance Funds has approved a Plan of Liquidation for several Portfolios, including the Victory High Yield VIP Series and others, which will liquidate and dissolve on or about August 28, 2025. Investors will no longer be able to allocate to these Portfolios starting August 22, 2025. Any policy value allocated to these Portfolios at the close of business on the Liquidation Date will automatically transfer to the Fidelity VIP Government Money Market Portfolio (Service Class 2). For 30 days post-liquidation, policyholders can freely transfer amounts to other available investment options. The document also specifies that no fees, charges, or tax liabilities will be incurred due to the liquidation. It details procedures for changing premium payment allocations and other investment options before the Liquidation Date. Additionally, it specifies the impact on administrative programs such as Dollar Cost Averaging and Portfolio Rebalancing, which will be automatically updated unless policyholders provide new instructions.