Liquidation: GUARDIAN SEPARATE ACCOUNT M

Form Type: 497

Filing Date: 2025-05-16

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525120976

Filing Summary: The Board of Trustees of Victory Portfolios has approved a Plan of Liquidation for the Victory Sophus Emerging Markets Fund, which will liquidate and dissolve on or about June 27, 2025. Following the liquidation, any policy value allocated to the Portfolio will be transferred to the Fidelity VIP Government Money Market Portfolio. For 30 days post-liquidation, account holders can transfer their accumulation value to any other available variable investment options without charge. Changes to investment allocations can be made through various methods including written, electronic, or telephone instructions. Additionally, ongoing Dollar Cost Averaging and Portfolio Rebalancing programs will be updated automatically to replace allocations to the Portfolio with allocations to the Fund on the Liquidation Date unless new instructions are provided. No fees or tax liability will arise from this liquidation, and confirmation of transfers will be provided afterward. This update should be retained with the existing prospectus for future reference.