Liquidation: GUARDIAN SEPARATE ACCOUNT K

Form Type: 497

Filing Date: 2025-05-15

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525120960

Filing Summary: On May 15, 2025, Guardian Separate Account K issued a prospectus supplement notifying policyholders of the impending liquidation of the Victory Sophus Emerging Markets Fund, effective June 27, 2025. This action means the fund will no longer be an investment option within the variable life policies. Policyholders are allowed to change their premium payment allocations and transfer funds to other investment options until the liquidation date. After this date, any remaining allocation to the fund will be redirected to the Fidelity VIP Government Money Market Portfolio without any fees or tax implications. The document outlines the procedure for changes in investment allocations, confirming that current arrangements such as Dollar Cost Averaging and Portfolio Rebalancing will automatically be updated to reflect the changes following the liquidation. Policyholders can continue to make changes until the liquidation is finalized.

Form Type: 497

Filing Date: 2025-05-15

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525120962

Filing Summary: This document is a prospectus supplement dated May 15, 2025, for certain variable life policies issued by The Guardian Insurance & Annuity Company, Inc. It outlines a Plan of Liquidation approved by the Board of Trustees of Victory Portfolios for the Victory Sophus Emerging Markets Fund, which is set to liquidate and dissolve on or about June 27, 2025. It indicates that policyholders will need to manage their premium payment allocations and investment allocations in light of this liquidation. Any policy value allocated to the fund at the close of business on the Liquidation Date will be transferred to the Fidelity VIP Government Money Market Portfolio. The document details the process for transferring allocations and reassures that no fees or tax liabilities will incur due to the liquidation. It highlights that certain administrative programs will be affected and outlines instructions for updates on Dollar Cost Averaging, Portfolio Rebalancing, and Premium Allocation Instructions.

Form Type: 497

Filing Date: 2025-05-15

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525120967

Filing Summary: The document is a prospectus supplement dated May 15, 2025, related to certain variable life policies issued by The Guardian Insurance & Annuity Company, Inc. It announces the Board of Trustees of Victory Portfolios' approval of a Plan of Liquidation for the Victory Sophus Emerging Markets Fund. The Portfolio will liquidate and dissolve on or about June 27, 2025. After the Liquidation Date, any policy value that is allocated to the Portfolio will be transferred to the Fidelity VIP Government Money Market Portfolio (Service Class 2). Policyholders can change their premium payment allocation instructions and transfer their allocations to other available investment options before the Liquidation Date. Following the liquidation, there will be no fees or tax implications for the policyholders. Administrative programs like Dollar Cost Averaging and Portfolio Rebalancing will be updated to reflect the changes due to the liquidation.