VARIABLE ANNUITY-2 SERIES ACCOUNT

Form Type: 497

Filing Date: 2024-12-23

Corporate Action: Liquidation

Type: New

Accession Number: 000110465924131156

Comments: This Supplement provides an update regarding the liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio, which has been approved by the Board of Trustees of the Goldman Sachs Variable Insurance Trust. The anticipated liquidation date is April 11, 2025, after which the Fund will no longer be accessible as a Sub-Account under the associated Variable Annuity contracts. Existing Contract Owners may continue to purchase shares in the Fund until April 7, 2025. Any Annuity Account Value allocated to the Goldman Sachs Multi-Strategy Alternatives Portfolio Sub-Account by April 11 will automatically transfer to the Fidelity VIP Government Money Market Portfolio. Additionally, there are no transfer fees or limits imposed on the number of transfers among Sub-Accounts during this period. The detailed instructions for any necessary transfers and the continuation of the funds after the Liquidation Date are provided to assist Contract Owners in managing their investments.

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Form Type: 497

Filing Date: 2024-12-23

Corporate Action: Liquidation

Type: Update

Accession Number: 000110465924131166

Comments: This supplement, dated December 23, 2024, amends the prospectus for various variable annuity contracts issued by Empower Annuity Insurance Company and Empower Life & Annuity Insurance Company of New York. The Board of Trustees of the Goldman Sachs Variable Insurance Trust has approved the liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio, which is expected to occur on or about April 11, 2025. As of this date, the associated Sub-Account will also be liquidated, and current contract owners may purchase shares up until April 7, 2025. Following the liquidation, any Annuity Account Value allocated to the Sub-Account will be automatically transferred to the Fidelity® VIP Government Money Market Portfolio. The document outlines transfer rights and the process for reallocating account values within the contracts, stressing the importance of consulting with financial representatives before the liquidation date.

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Form Type: 497

Filing Date: 2024-12-23

Corporate Action: Liquidation

Type: Update

Accession Number: 000110465924131167

Comments: This Supplement updates the Prospectus for the Great-West Smart Track® Variable Annuity products, informing that the Board of Trustees of the Goldman Sachs Variable Insurance Trust has approved a plan to liquidate the Goldman Sachs Multi-Strategy Alternatives Portfolio, with liquidation expected around April 11, 2025. The Goldman Sachs Multi-Strategy Alternatives Portfolio will cease to be available as a Sub-Account under the Contract on the Liquidation Date, after which the corresponding Sub-Account will also be liquidated. Contract Owners can continue purchasing shares until April 7, 2025. Any Annuity Account Value in the Goldman Sachs Multi-Strategy Alternatives Portfolio Sub-Account as of the Liquidation Date will be automatically transferred to the Fidelity® VIP Government Money Market Portfolio. Transfer rights remain flexible for existing Contract Owners, without fees imposed on transfers. It is advised to review allocations with financial representatives before or after the Liquidation Date.

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Form Type: 497

Filing Date: 2024-12-23

Corporate Action: Liquidation

Type: Update

Accession Number: 000110465924131169

Comments: This supplement updates the prospectus for the Great-West Smart Track® Variable Annuity contracts. The Board of Trustees of the Goldman Sachs Variable Insurance Trust has approved the liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio, with liquidation expected to occur around April 11, 2025. Following the liquidation, the related Sub-Account will no longer be available. Existing Contract Owners are permitted to purchase shares until April 7, 2025. Any Annuity Account Value held in the Goldman Sachs Multi-Strategy Alternatives Portfolio Sub-Account as of the liquidation date will be transferred automatically to the Fidelity® VIP Government Money Market Portfolio. Transfer rights allow for the movement of Annuity Account Value among the Sub-Accounts without imposing a transfer fee until the liquidation date.

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Form Type: 497VPU

Filing Date: 2024-12-23

Corporate Action: Liquidation

Type: Update

Accession Number: 000110465924131159

Comments: The Supplement dated December 23, 2024, updates the Summary Prospectus and Prospectus for Great-West Smart Track® Advisor Variable Annuity contracts. It announces the impending liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio, set to occur on or about April 11, 2025. Following the liquidation, the related Sub-Account will cease to exist, though current owners may still purchase shares until April 7, 2025. Any account value in this Sub-Account as of the liquidation date will be transferred to the Fidelity® VIP Government Money Market Portfolio. Transfers among Sub-Accounts are permitted without fees until the liquidation date, and certain restrictions on contributions to the liquidated Sub-Account take effect thereafter. The communication emphasizes continuing access to support and resources for contract owners.

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