M&A - VARIABLE ANNUITY I SER ACC OF GRT WEST LI & ANNU INS CO OF NY

Form Type: 497VPU

Filing Date: 2025-03-20

Corporate Action: Merger

Type: Update

Accession Number: 000110465925025994

Filing Summary: This Supplement amends certain information in your variable annuity contract prospectus regarding the reorganization of the Pioneer Variable Contracts Trust. The Board of Trustees has approved the reorganization of specific Target Portfolios into Victory Variable Insurance Funds II portfolios, subject to shareholder approval set for March 27, 2025. If approved, the Reorganization will occur around April 1, 2025. After this date, Annuity Account Values in the Target Portfolios will be automatically moved to the corresponding Acquiring Portfolios, which will then liquidate. Your rights and obligations under the Contract remain unchanged, as do the fees and charges. There are no tax consequences for you. All references to the Target Portfolios will be removed from the Prospectus, while the Acquiring Portfolios will be added. The document instructs policyholders to contact Protective Life for any inquiries.

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Form Type: 497VPU

Filing Date: 2025-03-20

Corporate Action: Merger

Type: Update

Accession Number: 000110465925025996

Filing Summary: This Supplement provides updates regarding the reorganization of certain portfolios within the Pioneer Variable Contracts Trust into the Victory Variable Insurance Funds II. The reorganization requires shareholder approval and is set to be voted on in a special meeting scheduled for March 27, 2025. If approved, the reorganization is expected to take effect around April 1, 2025. The document outlines specific Target Portfolios and their corresponding Acquiring Portfolios. Upon completion of the reorganization, the Target Portfolios will liquidate and cease operations. Existing Annuity Account Values will be switched to corresponding classes of the Acquiring Portfolios without altering any rights, obligations, fees, or tax implications of the annuity contracts. It also indicates that investors will have their allocation instructions automatically updated unless they provide further instructions.

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