Common use of Ongoing Fees and Expenses Clause in Contracts

Ongoing Fees and Expenses. (annual charges) Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay each year based on current charges. This estimate assumes that you do not take withdrawals from the Contract, which could add surrender charges that substantially increase costs. Lowest Annual Cost Estimate: $280 Highest Annual Cost Estimate: $2,527 Assumes: • Investment of $100,000; • 5% annual appreciation; • No optional benefits; • Fees and expenses of least expensive Fund; • No sales charges or advisory fees; and • No transfers or withdrawals. Assumes: • Investment of $100,000; • 5% annual appreciation; • Fees and expenses of most expensive Fund; • No sales charges or advisory fees; and • No transfers or withdrawals. See the “ADDITIONAL INFORMATION ABOUT FEES - Periodic Fees and Expenses” sections in this summary prospectus and “CHARGES AND FEES - Periodic Fees and Charges” in the full Contract Prospectus. Risk of Loss An Investor can lose money by investing in the Contract. See “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT” in the full Contract Prospectus. Not a Short-Term Investment This Contract is not designed for short-term investing and is not appropriate for an Investor who needs ready access to cash. The Contract is typically most useful as part of a personal retirement plan. Early withdrawals may be restricted by the Tax Code or your plan and may expose you to tax penalties. You should not participate in this Contract if you are looking for a short-term investment or expect to make withdrawals before you are age 59½. You might be subject to federal and state income taxes and a 10% penalty. See “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT” in the full Contract Prospectus. Risks Associated with Investment Options An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options available under the Contract. Each investment option (including the Guaranteed Accumulation Account and the other Fixed Interest Options) will have its own unique risks, and you should review these investment options before making an investment decision. If all or a portion of your Account Value in the Guaranteed Accumulation Account is withdrawn, you could experience a loss as to the amount invested in that account. See “THE INVESTMENT OPTIONS - The Variable Investment Options” and APPENDIX A, APPENDIX B, APPENDIX C, APPENDIX D and APPENDIX E in the full Contract Prospectus and “APPENDIX: FUNDS AVAILABLE UNDER THE CONTRACT” to this summary prospectus. ISP.75996-24 (Single Pay Contracts) 6 RISKS (continued from previous page) Insurance Company Risks An investment in the Contract is subject to the risks related to VRIAC, including that any obligations, including under the Fixed Interest Options, guarantees or benefits are subject to the financial strength and claims-paying ability of VRIAC. More information about VRIAC, including its financial strength and claims paying ability, is available upon request, by contacting Customer Service at 0-000-000-0000. See “THE CONTRACT - The General Account” in the full Contract Prospectus.

Ongoing Fees and Expenses. (annual charges) Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay each year year, based on current charges. This estimate assumes that you do not take withdrawals from the Contract, which could add surrender charges that substantially increase costs. Lowest Annual Cost Estimate: $280 [ ] Highest Annual Cost Estimate: $2,527 [ ] Assumes: • · Investment of $100,000; • · 5% annual appreciation; • · Least expensive combination of Contract classes and Fund fees and expenses; · No optional benefits; • Fees and expenses of least expensive Fund; • · No sales charges or advisory feescharges; and • · No additional Purchase Payments, transfers or withdrawals. Assumes: • · Investment of $100,000; • · 5% annual appreciation; • Fees · Most expensive combination of Contract classes, optional benefits and expenses of most expensive FundFund fees and expenses; • · No sales charges or advisory feescharges; and • · No additional Purchase Payments, transfers or withdrawals. See the “ADDITIONAL INFORMATION ABOUT FEES - Periodic Fees and Expenses” sections in of this summary prospectus and “CHARGES AND FEES - Periodic Fees and Charges” in the full Contract Prospectusprospectus for the Contract. RISKS Risk of Loss An Investor can lose money by investing in the Contract. See “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT” in the full Contract Prospectusprospectus for the Contract. Not a Short-Term Investment This Contract is not designed for short-term investing and is not appropriate for an Investor who needs ready access to cash. The Contract is typically most useful as part of a personal retirement plan. Early withdrawals may be restricted by the Tax Code or your plan and may expose you to early withdrawal charges or tax penalties. You should not participate in this Contract if you are looking for a short-term investment or expect to make withdrawals before you are age 59½. You might be subject to federal and state income taxes and a 10% penalty. See “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT” in the full Contract Prospectus. Risks Associated with Investment Options An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options available under prospectus for the Contract. Each investment option (including the Guaranteed Accumulation Account and the other Fixed Interest Options) will have its own unique risks, and you should review these investment options before making an investment decision. If all or a portion of your Account Value in the Guaranteed Accumulation Account is withdrawn, you could experience a loss as to the amount invested in that account. See “THE INVESTMENT OPTIONS - The Variable Investment Options” and APPENDIX A, APPENDIX B, APPENDIX C, APPENDIX D and APPENDIX E in the full Contract Prospectus and “APPENDIX: FUNDS AVAILABLE UNDER THE CONTRACT” to this summary prospectus. ISP.75996-24 (Single Pay Contracts) 6 RISKS (continued from previous page) Insurance Company Risks An investment in the Contract is subject to the risks related to VRIAC, including that any obligations, including under the Fixed Interest Options, guarantees or benefits are subject to the financial strength and claims-paying ability of VRIAC. More information about VRIAC, including its financial strength and claims paying ability, is available upon request, by contacting Customer Service at 0-000-000-0000. See “THE CONTRACT - The General Account” in the full Contract Prospectus.

Ongoing Fees and Expenses. (annual charges) Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay each year year, based on current charges. This estimate assumes that you do not take withdrawals from the Contract, which could add surrender charges that substantially increase costs. Lowest Annual Cost Estimate: $280 1,236 Highest Annual Cost Estimate: $2,527 2,252 Assumes: • Investment of $100,000; • 5% annual appreciation; • No optional benefits; • Fees and expenses of least expensive Fund; • No optional benefits; • No sales charges or advisory fees; and • No additional Purchase Payments, transfers or withdrawals. Assumes: • Investment of $100,000; • 5% annual appreciation; • Fees and expenses of most expensive Fund; • No sales charges or advisory fees; and • No additional Purchase Payments, transfers or withdrawals. See the “ADDITIONAL INFORMATION ABOUT FEES - Periodic Fees and Expenses” sections in of this summary prospectus and “CHARGES AND FEES - Periodic Fees and Charges” in the full Contract Prospectus. Risk of Loss An Investor can lose money by investing in the Contract. See “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT” in the full Contract Prospectus. Not a Short-Term Investment This Contract is not designed for short-term investing and is not appropriate for an Investor who needs ready access to cash. The Contract is typically most useful as part of a personal retirement plan. Early withdrawals may be restricted by the Tax Code or your plan and may expose you to tax penalties. You should not participate in this Contract if you are looking for a short-term investment or expect to make withdrawals before you are age 59½. You might be subject to federal and state income taxes and a 10% penalty. See “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT” in the full Contract Prospectus. Risks Associated with Investment Options An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options available under the ContractContract (e.g., portfolio companies). Each investment option (including the Guaranteed Accumulation Account and the other Fixed Interest Options) will have its own unique risks, and you should review these investment options before making an investment decision. If all or a portion of your Account Value in the Guaranteed Accumulation Account is withdrawn, you could experience a loss as to the amount invested in that account. See “THE INVESTMENT OPTIONS - The Variable Investment Options” and “APPENDIX A, APPENDIX B, B and APPENDIX C, APPENDIX D and APPENDIX E ” in the full Contract Prospectus and “APPENDIX: FUNDS AVAILABLE UNDER THE CONTRACT” to this summary prospectus. ISP.75996-24 (Single Pay Contracts) 6 RISKS (continued from previous page) Insurance Company Risks An investment in the Contract is subject to the risks related to VRIAC, including that any obligations, including under the Fixed Interest Options, guarantees or benefits are subject to the financial strength and claims-paying ability of VRIAC. More information about VRIAC, including its financial strength and claims paying ability, is available upon request, by contacting Customer Service at 0-000-000-0000. See “THE CONTRACT - The General Account” in the full Contract Prospectus.

Ongoing Fees and Expenses. (annual charges) Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay each year year, based on current charges. This estimate assumes that you do not take withdrawals from the Contract, which could add surrender charges that substantially increase costs. Lowest Annual Cost Estimate: $280 [ ] Highest Annual Cost Estimate: $2,527 [ ] Assumes: • · Investment of $100,000; • · 5% annual appreciation; • · Least expensive combination of Contract classes and Fund fees and expenses; · No optional benefits; • Fees and expenses of least expensive Fund; • · No sales charges or advisory feescharges; and • · No additional Purchase Payments, transfers or withdrawals. Assumes: • · Investment of $100,000; • · 5% annual appreciation; • Fees · Most expensive combination of Contract classes, optional benefits and expenses of most expensive FundFund fees and expenses; • · No sales charges or advisory feescharges; and • · No additional Purchase Payments, transfers or withdrawals. See the “ADDITIONAL INFORMATION ABOUT FEES - Periodic Fees and Expenses” sections in of this summary prospectus and “CHARGES AND FEES - Periodic Fees and Charges” in the full Contract Prospectusprospectus for the Contract. RISKS Risk of Loss An Investor can lose money by investing in the Contract. See “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT” in the full Contract Prospectusprospectus for the Contract. Not a Short-Term Investment This Contract is not designed for short-term investing and is not appropriate for an Investor who needs ready access to cash. The Contract is typically most useful as part of a personal retirement plan. Early withdrawals may be restricted by the Tax Code or your plan and may expose you to tax penalties. You should not participate in this Contract if you are looking for a short-term investment or expect to make withdrawals before you are age 59½. You might be subject to federal and state income taxes and a 10% penalty. See “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT” in the full Contract Prospectus. Risks Associated with Investment Options An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options available under prospectus for the Contract. Each investment option (including the Guaranteed Accumulation Account and the other Fixed Interest Options) will have its own unique risks, and you should review these investment options before making an investment decision. If all or a portion of your Account Value in the Guaranteed Accumulation Account is withdrawn, you could experience a loss as to the amount invested in that account. See “THE INVESTMENT OPTIONS - The Variable Investment Options” and APPENDIX A, APPENDIX B, APPENDIX C, APPENDIX D and APPENDIX E in the full Contract Prospectus and “APPENDIX: FUNDS AVAILABLE UNDER THE CONTRACT” to this summary prospectus. ISP.75996-24 (Single Pay Contracts) 6 RISKS (continued from previous page) Insurance Company Risks An investment in the Contract is subject to the risks related to VRIAC, including that any obligations, including under the Fixed Interest Options, guarantees or benefits are subject to the financial strength and claims-paying ability of VRIAC. More information about VRIAC, including its financial strength and claims paying ability, is available upon request, by contacting Customer Service at 0-000-000-0000. See “THE CONTRACT - The General Account” in the full Contract Prospectus.

Ongoing Fees and Expenses. (annual charges) Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay each year based on current charges. This estimate assumes that you do not take withdrawals from the Contract, which could add surrender charges that substantially increase costs. Lowest Annual Cost Estimate: $280 1,623 Highest Annual Cost Estimate: $2,527 1,793 Assumes: • Investment of $100,000; • 5% annual appreciation; • No optional benefits; • Fees and expenses of least expensive Fund; • No sales charges or advisory fees; and • No additional Purchase Payments, transfers or withdrawals. Assumes: • Investment of $100,000; • 5% annual appreciation; • Fees and expenses of for the most expensive Fund; • No sales charges or advisory fees; and • No additional Purchase Payments, transfers or withdrawals. See the “ADDITIONAL INFORMATION ABOUT FEES - – Periodic Fees and Expenses” sections in of this summary prospectus and “CHARGES AND FEES - – Periodic Fees and Charges” in the full Contract Prospectus. Risk of Loss An Investor can lose money by investing in the Contract. See “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT” in the full Contract Prospectus. Not a Short-–Term Investment This Contract is not designed for short-term investing and is not appropriate for an Investor who needs ready access to cash. The Contract is typically most useful as part of a personal retirement plan. Early withdrawals may be restricted by the Tax Code or your plan and may expose you to early withdrawal charges or tax penalties. You should not participate in this Contract if you are looking for a short-term investment or expect to make withdrawals before you are age 59½. You might be subject to federal and state income taxes and a 10% penalty. may not receive any distribution before retirement, except upon reaching age 70½ or terminating employment with Texas public institutions of higher learning See “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT” in the full Contract Prospectus. Risks Associated with Investment Options An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options available under the Contract. Each investment option (including the Guaranteed Accumulation Account and the other Fixed Interest Options) will have its own unique risks, and you should review these investment options before making an investment decision. If all or a portion of your Account Value in the Guaranteed Accumulation Account is withdrawn, you could experience a loss as to the amount invested in that account. See “THE INVESTMENT OPTIONS - The Variable Investment Options” and APPENDIX A, APPENDIX B, APPENDIX C, APPENDIX D and APPENDIX E in the full Contract Prospectus and “APPENDIX: FUNDS AVAILABLE UNDER THE CONTRACT” to this summary prospectus. ISP.75996-24 (Single Pay Contracts) 6 RISKS (continued from previous page) Insurance Company Risks An investment in the Contract is subject to the risks related to VRIAC, including that any obligations, including under the Fixed Interest Options, guarantees or benefits are subject to the financial strength and claims-paying ability of VRIAC. More information about VRIAC, including its financial strength and claims paying ability, is available upon request, by contacting Customer Service at 0-000-000-0000. See “THE CONTRACT - The General Account” in the full Contract Prospectus.

Ongoing Fees and Expenses. (annual charges) Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay each year year, based on current charges. This estimate assumes that you do not take withdrawals from the Contract, which could add surrender charges that substantially increase costs. Lowest Annual Cost Estimate: $280 269 Highest Annual Cost Estimate: $2,527 3,704 Assumes: • Investment of $100,000; • 5% annual appreciation; • No optional benefits; • Fees and expenses of least expensive Fund; • No sales charges or advisory fees; and • No additional Purchase Payments, transfers or withdrawals. Assumes: • Investment of $100,000; • 5% annual appreciation; • Fees and expenses of for the most expensive Fund; • No sales charges or advisory fees; and • No additional Purchase Payments, transfers or withdrawals. See the “ADDITIONAL INFORMATION ABOUT FEES - Periodic Fees and Expenses” sections in of this summary prospectus and “CHARGES AND FEES - Periodic Fees and Charges” in the full Contract Prospectusprospectus for the Contract. RISKS Risk of Loss An Investor can lose money by investing in the Contract. See “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT” in the full Contract Prospectusprospectus for the Contract. Not a Short-Term Investment This Contract is not designed for short-term investing and is not appropriate for an Investor who needs ready access to cash. The Contract is typically most useful as part of a personal retirement plan. Early withdrawals may be restricted by the Tax Code or your plan and may expose you to early withdrawal charges or tax penalties. You should not participate in this Contract if you are looking for a short-term investment or expect to make withdrawals before you are age 59½. You might be subject to federal and state income taxes and a 10% penaltymay not receive any distribution before retirement, except upon reaching age 70½ or terminating employment with Texas public institutions of higher learning. If you participate in the Texas Optional Retirement Program, you may not receive any distribution before retirement, except upon reaching age 70½ or terminating employment with the Texas public institutions of higher learning. See “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT” in the full Contract Prospectusprospectus for the Contract. Risks Associated with Investment Options An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options available under the ContractContract (e.g., portfolio companies). Each investment option (including the Guaranteed Accumulation Account and the other Fixed Interest Options) will have its own unique risks, and you should review these investment options before making an investment decision. If all or a portion of your Account Value in the Guaranteed Accumulation Account is withdrawn, you could experience a loss as to the amount invested in that account. See “THE INVESTMENT OPTIONS - The Variable Investment Options” and APPENDIX A, APPENDIX B, APPENDIX C, APPENDIX D and APPENDIX E in the full prospectus for the Contract Prospectus and “APPENDIX: FUNDS AVAILABLE UNDER THE CONTRACT” to this summary prospectus. ISP.75996ISP.01107-24 22 (Single Pay Texas K-12 Contracts) 6 RISKS (continued from previous page) Insurance Company Risks An investment in the Contract is subject to the risks related to VRIAC, including that any obligations, including under the Fixed Interest Options, guarantees or benefits are subject to the financial strength and claims-paying ability of VRIAC. More information about VRIAC, including its financial strength and claims paying ability, is available upon request, by contacting Customer Service at 0-000-000-0000. See “THE CONTRACT - The General Account” in the full Contract Prospectusprospectus for the Contract.

Ongoing Fees and Expenses. (annual charges) Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay each year year, based on current charges. This estimate assumes that you do not take withdrawals from the Contract, which could add surrender charges that substantially increase costs. Lowest Annual Cost Estimate: $280 1,752 Highest Annual Cost Estimate: $2,527 30,931 Assumes: • Investment of $100,000; • 5% annual appreciation; • No optional benefits; • Fees and expenses of least expensive Fund; • No sales charges or advisory fees; and • No additional Purchase Payments, transfers or withdrawals. Assumes: • Investment of $100,000; • 5% annual appreciation; • Fees and expenses of most expensive Fund; • No sales charges or advisory fees; and • No additional Purchase Payments, transfers or withdrawals. See the “ADDITIONAL INFORMATION ABOUT FEES - Periodic Fees and Expenses” sections in of this summary prospectus and “CHARGES AND FEES - Periodic Fees and Charges” in the full Contract Prospectusprospectus for the Contract. RISKS Risk of Loss An Investor can lose money by investing in the Contract. See “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT” in the full Contract Prospectusprospectus for the Contract. Not a Short-Term Investment This Contract is not designed for short-term investing and is not appropriate for an Investor who needs ready access to cash. The Contract is typically most useful as part of a personal retirement plan. Early withdrawals may be restricted by the Tax Code or your plan and may expose you to tax penalties. You should not participate in this Contract if you are looking for a short-term investment or expect to make withdrawals before you are age 59½. You might be subject to federal and state income taxes and a 10% penalty. See “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT” in the full Contract Prospectusprospectus for the Contract. Risks Associated with Investment Options An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options option available under the Contract. Each investment option (including the Guaranteed Accumulation Account and the other Fixed Interest OptionsOption) will have its own unique risks, and you should review these investment options before making an investment decision. If all or a portion of your Account Value in the Guaranteed Accumulation Account is withdrawn, you could experience a loss as to the amount invested in that account. See “THE INVESTMENT OPTIONS - The Variable Investment Options” and APPENDIX A, “APPENDIX B, APPENDIX C, APPENDIX D and APPENDIX E : FIXED PLUS ACCOUNT II” in the full prospectus for the Contract Prospectus and “APPENDIX: FUNDS AVAILABLE UNDER THE CONTRACT” to this summary prospectus. ISP.75996-24 (Single Pay Contracts) 6 RISKS (continued from previous page) Insurance Company Risks An investment in the Contract is subject to the risks related to VRIAC, including that any obligations, including under the Fixed Interest Options, guarantees or benefits are subject to the financial strength and claims-claims paying ability of VRIAC. More information about VRIAC, including its financial strength and claims paying ability, is available upon request, by contacting Customer Service at 0-000-000-0000Service. See “THE CONTRACT - The General Account” in the full Contract Prospectusprospectus for the Contract.

Ongoing Fees and Expenses. (annual charges) Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay each year year, based on current charges. This estimate assumes that you do not take withdrawals from the Contract, which could add surrender charges that substantially increase costs. Lowest Annual Cost Estimate: $280 1,512 Highest Annual Cost Estimate: $2,527 2,112 Assumes: • Investment of $100,000; • 5% annual appreciation; • No optional benefits; • Fees and expenses of least expensive Fund; • No sales charges or advisory fees; and • No additional Purchase Payments, transfers or withdrawals. Assumes: • Investment of $100,000; • 5% annual appreciation; • Fees and expenses of most expensive Fund; • No sales charges or advisory fees; and • No additional Purchase Payments, transfers or withdrawals. See the “ADDITIONAL INFORMATION ABOUT FEES - Periodic Fees and Expenses” sections in of this summary prospectus and “CHARGES AND FEES - Periodic Fees and Charges” in the full Contract Prospectus. Risk of Loss An Investor can lose money by investing in the Contract. See “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT” in the full Contract Prospectus. Not a Short-Term Investment This Contract is not designed for short-term investing and is not appropriate for an Investor who needs ready access to cash. The Contract is typically most useful as part of a personal retirement plan. Early withdrawals may be restricted by the Tax Code or your plan and may expose you to tax penalties. You should not participate in this Contract if you are looking for a short-term investment or expect to make withdrawals before you are age 59½. You might be subject to federal and state income taxes and a 10% penalty. See “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT” in the full Contract Prospectus. Risks Associated with Investment Options An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options option available under the Contract. Each investment option (including the Guaranteed Accumulation Account and the other Fixed Interest OptionsOption) will have its own unique risks, and you should review these investment options before making an investment decision. If all or a portion of your Account Value in the Guaranteed Accumulation Account is withdrawn, you could experience a loss as to the amount invested in that account. See “THE INVESTMENT OPTIONS - The Variable Investment Options” and APPENDIX A, “APPENDIX B, APPENDIX C, APPENDIX D and APPENDIX E : FIXED PLUS ACCOUNT II” in the full Contract Prospectus and “APPENDIX: FUNDS AVAILABLE UNDER THE CONTRACT” to this summary prospectus. ISP.75996-24 (Single Pay Contracts) 6 RISKS (continued from previous page) Insurance Company Risks An investment in the Contract is subject to the risks related to VRIAC, including that any obligations, including under the Fixed Interest Options, guarantees or benefits are subject to the financial strength and claims-claims paying ability of VRIAC. More information about VRIAC, including its financial strength and claims paying ability, is available upon request, by contacting Customer Service at 0-000-000-0000Service. See “THE CONTRACT - The General Account” in the full Contract Prospectus.

Ongoing Fees and Expenses. (annual charges) Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay each year based on current charges. This estimate assumes that you do not take withdrawals from the Contract, which could add surrender charges that substantially increase costs. Lowest Annual Cost Estimate: $280 Highest Annual Cost Estimate: $2,527 Assumes: • Investment of $100,000; • 5% annual appreciation; • No optional benefits; • Fees and expenses of least expensive Fund; • No sales charges or advisory fees; and • No additional Purchase Payments, transfers or withdrawals. Assumes: • Investment of $100,000; • 5% annual appreciation; • Fees and expenses of most expensive Fund; • No sales charges or advisory fees; and • No additional Purchase Payments, transfers or withdrawals. See the “ADDITIONAL INFORMATION ABOUT FEES - – Periodic Fees and Expenses” sections in this summary prospectus and “CHARGES AND FEES - – Periodic Fees and Charges” in the full Contract Prospectus. Risk of Loss An Investor can lose money by investing in the Contract. See “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT” in the full Contract Prospectus. Not a Short-Term Investment This Contract is not designed for short-term investing and is not appropriate for an Investor who needs ready access to cash. The Contract is typically most useful as part of a personal retirement plan. Early withdrawals may be restricted by the Tax Code or your plan and may expose you to early withdrawal charges or tax penalties. You should not participate in this Contract if you are looking for a short-term investment or expect to make withdrawals before you are age 59½. You might be subject to federal and state income taxes and a 10% penalty. See “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT” in the full Contract Prospectus. Risks Associated with Investment Options An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options available under the Contract. Each investment option (including the Guaranteed Accumulation Account and the other Fixed Interest Options) will have its own unique risks, and you should review these investment options before making an investment decision. If all or a portion of your Account Value in the Guaranteed Accumulation Account is withdrawn, you could experience a loss as to the amount invested in that account. See “THE INVESTMENT OPTIONS - The Variable Investment Options” and APPENDIX A, APPENDIX B, APPENDIX C, APPENDIX D and APPENDIX E in the full Contract Prospectus and “APPENDIX: FUNDS AVAILABLE UNDER THE CONTRACT” to this summary prospectus. ISP.75996-24 (Single Pay Contracts) 6 RISKS (continued from previous page) Insurance Company Risks An investment in the Contract is subject to the risks related to VRIAC, including that any obligations, including under the Fixed Interest Options, guarantees or benefits are subject to the financial strength and claims-paying ability of VRIAC. More information about VRIAC, including its financial strength and claims paying ability, is available upon request, by contacting Customer Service at 0-000-000-0000. See “THE CONTRACT - The General Account” in the full Contract Prospectus.

Ongoing Fees and Expenses. (annual charges) Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay each year year, based on current charges. This estimate assumes that you do not take withdrawals from the Contract, which could add surrender charges that substantially increase costs. Lowest Annual Cost Estimate: $280 97 Highest Annual Cost Estimate: $2,527 2,461 Assumes: • Investment of $100,000; • 5% annual appreciation; • No optional benefits; • Fees and expenses of least expensive Fund; • No optional benefits; • No sales charges or advisory fees; and • No transfers additional Purchase Payments, transfers, or withdrawals. Assumes: • Investment of $100,000; • 5% annual appreciation; • Fees and expenses of most expensive Fund; • No sales charges or advisory fees; and • No transfers additional Purchase Payments, transfers, or withdrawals. See the “ADDITIONAL INFORMATION ABOUT FEES - – Periodic Fees and Expenses” sections in of this summary prospectus and “CHARGES AND FEES - – Periodic Fees and Charges” in the full Contract Prospectus. Risk of Loss An Investor can lose money by investing in the Contract. See “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT” in the full Contract Prospectus. Not a Short-Term Investment This Contract is not designed for short-term investing and is not appropriate for an Investor who needs ready access to cash. The Contract is typically most useful as part of a personal retirement plan. Early withdrawals may be restricted by the Tax Code or your plan and may expose you to tax penalties. You should not participate in this Contract if you are looking for a short-term investment or expect to make withdrawals before you are age 59½. You might be subject to federal and state income taxes and a 10% penalty. See “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT” in the full Contract Prospectus. Risks Associated with Investment Options An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options available under the Contract. Each investment option (including the Guaranteed Accumulation Account and the other Fixed Interest Options) will have its own unique risks, and you should review these investment options before making an investment decision. If all or a portion of your Account Value in the Guaranteed Accumulation Account is withdrawn, you could experience a loss as to the amount invested in that account. See “THE INVESTMENT OPTIONS - The Variable Investment Options” and APPENDIX A, APPENDIX B, APPENDIX C, APPENDIX D and APPENDIX E in the full Contract Prospectus and “APPENDIX: FUNDS AVAILABLE UNDER THE CONTRACT” to this summary prospectus. ISP.75996-24 (Single Pay Contracts) 6 RISKS (continued from previous page) Insurance Company Risks An investment in the Contract is subject to the risks related to VRIAC, including that any obligations, including under the Fixed Interest Options, guarantees or benefits are subject to the financial strength and claims-paying ability of VRIAC. More information about VRIAC, including its financial strength and claims paying ability, is available upon request, by contacting Customer Service at 0-000-000-0000. See “THE CONTRACT - The General Account” in the full Contract Prospectus.