M&A - EVERLAKE FINANCIAL ADVISORS SEPARATE ACCOUNT I

Form Type: 497

Filing Date: 2025-07-07

Corporate Action: Acquisition

Type: New

Accession Number: 000108561225000071

Filing Summary: This supplement informs contract holders about changes to the annuity offered by Everlake Life Insurance Company, specifically regarding the Macquarie VIP Small Cap Value Series – Standard Class. Macquarie Group Limited and Nomura Holding America Inc. announced an agreement for Nomura to acquire the US and European public investments asset management business of Macquarie Asset Management. The transaction is subject to customary closing conditions and is expected to close by the end of October 2025. Following the transaction, Macquarie Group Limited and Delaware Management Company will be automatically terminated as advisors/subadvisors. The Board of Trustees approved a new investment advisory agreement contingent on shareholder approval, set to take effect at the closing of the transaction. There will also be a name change for the portfolio from Macquarie VIP Small Cap Value Series – Standard Class to Nomura VIP Small Cap Value Series – Standard Class. Investors are encouraged to consult financial professionals regarding allocation instructions before or after the transaction closes.

Form Type: 497

Filing Date: 2025-07-07

Corporate Action: Acquisition

Type: New

Accession Number: 000108561225000072

Filing Summary: This Supplement, dated July 7, 2025, informs policyholders of changes to their variable annuity contracts with Everlake Life Insurance Company. The key update is related to the acquisition of Macquarie Asset Management's US and European public investments asset management business by Nomura Holding America Inc. This acquisition is subject to customary closing conditions and regulatory approvals, anticipated to close by the end of October 2025. As a result of this transaction, the current investment advisors will terminate and new investment advisory agreements are planned to be put into effect, pending shareholder approval. The name of the Macquarie VIP Small Cap Value Series – Standard Class portfolio will be changed to Nomura VIP Small Cap Value Series – Standard Class upon completion of the transaction. Policyholders are advised to consult with financial professionals regarding their investment allocations before the closing of the transaction.