New York Life Insurance and Annuity Corporation

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New York Life Insurance and Annuity Corporation

NYLIAC Variable Universal Life

Product Prospectus May 1, 2019

Sign up for electronic delivery of your prospectus, shareholder reports and other policy documents. For full details on electronic delivery, including who can participate and what you can receive via eDelivery, please log in at . This product prospectus is not complete or valid unless accompanied by the current NYLIAC variable universal life funds prospectus.

Flexible Premium Variable Universal Life Insurance Policies Prospectus Dated May 1, 2019

Please use one of the following addresses for service requests:

Regular Mail

Variable Products Service Center Madison Square Station P.O. Box 922 New York, NY 10159

Express Mail

Variable Products Service Center 51 Madison Avenue Room 251 New York, NY 10010

Telephone: 1-800-598-2019 For submitting death claim forms only, you may also use:

Regular Mail New York Life P.O. Box 130539 Dallas, TX 75313-0539

Premium payments and loan repayments should be sent to us at:

Regular Mail

NYLIAC 75 Remittance Drive Suite 3021 Chicago, IL 60675-3021

Express Mail

NYLIAC, Suite 3021 c/o The Northern Trust Bank 350 North Orleans Street Receipt & Dispatch, 8th Floor Chicago, IL 60654

This prospectus describes a flexible premium variable universal life insurance policy formerly issued by New York Life Insurance and Annuity Corporation ("NYLIAC"). In this prospectus, the words "we," "our" or "us" refer to NYLIAC and the words "you" or "your" refer to the policyowner. We have discontinued sales of this policy. We will still accept additional premiums under existing policies. Capitalized terms used in this prospectus have the same meaning as in the section on DEFINITION OF TERMS.

Beginning on January 1, 2021, as permitted by regulations adopted by the SEC, paper copies of the shareholder reports of the Eligible Portfolios available under your policy will no longer be sent by mail, unless you specifically request paper copies of the reports from the Variable Product Service Center ("VPSC"). Instead, the reports will be made available on a website, and you will be notified by mail each time a report is posted and provided with a website link to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from us electronically by contacting the VPSC.

You may elect to receive all future reports in paper free of charge. You can inform us that you wish to continue receiving paper copies of your shareholder reports by contacting the VPSC. Your election to receive reports in paper will apply to all Eligible Portfolios available under your policy.


LIFE INSURANCE PROTECTION--This policy offers lifetime insurance protection, with a life insurance benefit payable when the Primary Insured dies while the policy is in effect. Even though the policy offers the protection of permanent life insurance, it can lapse even if all planned premiums are paid on time.

CHOICE OF LIFE INSURANCE BENEFIT OPTIONS--You can choose either a level life insurance benefit equal to the face amount of your policy or a life insurance benefit that varies and is equal to the sum of your policy's face amount and Cash Value. If you choose a benefit that varies, the life insurance benefit will increase or decrease depending on the performance of the Allocation Alternatives you select. Your policy's life insurance benefit will never be less than the face amount of your policy. The face amount appears on the Policy Data Page of your policy. Under both options, a higher life insurance benefit may apply if necessary for

the policy to qualify as life insurance under the IRC. The policy proceeds we pay will be the sum of the life insurance benefit plus any rider death benefits less any loans (including any accrued loan interest).

FLEXIBLE PREMIUM PAYMENTS--You can decide the amount of premiums to pay and when to pay them, within limits. Although premium payments are flexible, we may require additional premium payments to keep the policy in effect. The policy may terminate if its Net Cash Value is insufficient to pay the policy's monthly charges. The Cash Surrender Value of your policy will fluctuate depending on the performance of the Allocation Alternatives you have chosen. The Cash Surrender Value also will fluctuate to reflect the premium payments you make and the charges we deduct.

LOANS, WITHDRAWALS, AND SURRENDERS--You can borrow against or withdraw money from your policy, within limits. Loans and withdrawals will reduce the policy's proceeds, Cash Surrender Value and Net Cash Value. You can also surrender your policy at any time. The Cash Surrender Value of your policy may increase or decrease depending on the performance of the Allocation Alternatives you select. We do not guarantee the Cash Surrender Value for your policy. If you surrender your policy or take a partial withdrawal during the first fifteen Policy Years or within fifteen years after you increase the face amount, we may apply a surrender charge. Loans, withdrawals, and surrenders may have tax consequences.

FACE AMOUNT INCREASES AND DECREASES--You may increase or decrease the face amount of your policy, within limits. We will apply a new schedule of surrender charges to any increase in your policy's face amount. We may also deduct a surrender charge for any reduction in the face amount.

Replacing existing insurance with any policy may not be to your advantage. In addition, it may not be to your advantage to borrow to purchase this policy or to take withdrawals from another policy that you already own to make premium payments under this policy.


This prospectus provides information that a prospective investor should know before investing. Please read it carefully and retain it for future reference. This prospectus must be accompanied by the current prospectuses for the MainStay VP Funds Trust, the AB Variable Products Series Fund, Inc., the AIM Variable Insurance Funds, the American Funds Insurance Series?, the BlackRock? Variable Series Funds, Inc., the BlackRock? Variable Series Funds II, Inc.,the Columbia Funds Variable Series Trust II, the Delaware VIP? Trust, the Deutsche DWS Investments VIT Funds, the Deutsche DWS Variable Series II, the Dreyfus Investment Portfolios, the Fidelity? Variable Insurance Products Funds, the Janus Aspen Series, the Legg Mason Partners Variable Equity Trust, the Lincoln Variable Insurance Products Trust, the MFS? Variable Insurance Trust, the MFS? Variable Insurance Trust II, the Morgan Stanley Variable Insurance Fund, Inc., the Neuberger Berman Advisers Management Trust and the PIMCO Variable Insurance Trust (the "Funds", each individually a "Fund").

The Securities and Exchange Commission has not approved or disapproved these securities, or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense. The policies involve risks, including the potential risk of loss of principal invested. The policies are not deposits of, or guaranteed or endorsed by, any bank, and are not federally insured by the FDIC, the Federal Reserve Board, or any other agency.

Allocation Alternatives--Your policy allows you to choose how you want to invest your premium payments. You have the option to choose from 72 Investment Divisions and a Fixed Account. Policyowners may invest in a total of 21 investment options from among the 72 Investment Divisions and the Fixed Account, at any time. The Investment Divisions available under your policy are:

? MainStay VP Balanced--Initial Class ? MainStay VP Bond--Initial Class ? MainStay VP Conservative Allocation--Initial Class ? MainStay VP Cushing? Renaissance Advantage--Initial Class ? MainStay VP Eagle Small Cap Growth--Initial Class ? MainStay VP Emerging Markets Equity--Initial Class**

? MainStay VP Epoch U.S. Equity Yield--Initial Class ? MainStay VP Fidelity Institutional AM? Utilities (formerly MainStay VP MFS? Utilities)--Initial Class ? MainStay VP Floating Rate--Initial Class ? MainStay VP Growth Allocation--Initial Class ? MainStay VP Income Builder--Initial Class ? MainStay VP Indexed Bond--Initial Class ? MainStay VP IQ Hedge Multi-Strategy (formerly MainStay VP Absolute Return Multi-Strategy)--Initial


? MainStay VP Janus Henderson Balanced--Initial Class ? MainStay VP Large Cap Growth--Initial Class ? MainStay VP MacKay Common Stock--Initial Class ? MainStay VP MacKay Convertible--Initial Class ? MainStay VP MacKay Government--Initial Class ? MainStay VP MacKay Growth--Initial Class** ? MainStay VP MacKay High Yield Corporate Bond--Initial Class ? MainStay VP MacKay International Equity--Initial Class ? MainStay VP MacKay Mid Cap Core--Initial Class ? MainStay VP MacKay S&P 500 Index--Initial Class ? MainStay VP MacKay Small Cap Core--Initial Class ? MainStay VP MacKay Unconstrained Bond--Initial Class ? MainStay VP Mellon Natural Resources (formerly MainStay VP VanEck Global Hard Assets)--Initial Class ? MainStay VP Moderate Allocation--Initial Class ? MainStay VP Moderate Growth Allocation--Initial Class ? MainStay VP PIMCO Real Return--Initial Class ? MainStay VP T. Rowe Price Equity Income--Initial Class** ? MainStay VP U.S. Government Money Market--Initial Class ? AB VPS Small/Mid Cap Value Portfolio--Class A ? American Funds IS Asset Allocation Fund--Class 2 ? American Funds IS Blue Chip Income and Growth Fund--Class 2 ? American Funds IS Global Small Capitalization Fund--Class 2 ? American Funds IS Growth Fund--Class 2 ? American Funds IS New World Fund?--Class 2 ? BlackRock? Global Allocation V.I. Fund--Class I ? BlackRock? High Yield V.I. Fund--Class I ? ClearBridge Variable Appreciation Portfolio--Class I ? Columbia Variable Portfolio--Commodity Strategy Fund--Class 1 ? Columbia Variable Portfolio--Emerging Markets Bond Fund--Class 1 ? Delaware VIP? Emerging Markets Series--Standard Class ? Delaware VIP? Small Cap Value Series--Standard Class ? DWS Alternative Asset Allocation VIP (formerly Deutsche Alternative Asset Allocation VIP)--Class A ? DWS Small Cap Index VIP (formerly Deutsche Small Cap Index VIP)--Class A ? DWS Small Mid Cap Value VIP (formerly Deutsche Small Mid Cap Value VIP)--Class A ? Dreyfus IP Technology Growth Portfolio--Initial Shares ? Fidelity? VIP ContrafundSM Portfolio--Initial Class ? Fidelity? VIP Emerging Markets Portfolio--Initial Class


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