You’ve managed your career well.

Let life insurance help you get more out of retirement.

You work hard. You live comfortably. You’re saving for the future.

Recently, the economy has been showing some signs of improvement. But what if the economy remains volatile for the next 10 years and interest rates remain at historic lows? Even if the market does well, you may not be able to accumulate enough savings in your retirement plans to meet your retirement income needs, because of the contribution limits that are imposed on highly compensated professionals. You may have a significant retirement income gap, which may hinder your ability to retire comfortably. How will you deal with this potential income shortfall?

While your employer’s retirement plan is

substantial, you’re concerned that it may not

be enough to maintain your lifestyle during

retirement. CorpExec Accumulator Variable

Universal Life can help.

According to the latest Employee Benefit Research Institute Retirement Confidence

Survey,1 only 13% of Americans are very confident that they will have enough

income to live comfortably in retirement.

Retirement planning is challenging. Why not diversify your retirement portfolio with life insurance?

New York Life Insurance and Annuity Corporation’s CorpExec Accumulator Variable Universal Life Insurance (CEAVUL)2 is an insurance policy that combines the traditional protection of a life insurance policy with an investment component that gives you the opportunity to accumulate after-tax savings to help supplement retirement.3 Offered exclusively to you and other valuable employees, CEAVUL provides several important benefits and features that complement insurance and retirement programs you may already have, such as pensions, 401(k)s, Roth IRAs, and deferred compensation plans.

If you think you’re going to need between 60-80% of your current income to maintain your current standard of living in retirement,4 will you have enough savings to retire comfortably?

Cash value accumulation.Your life insurance policy may accumulate tax-deferred cash value to help pay for a variety of anticipated or unexpected expenses, including a college education for your children, potential health care expenses, a down payment for a new home, or additional contributions to your retirement portfolio.

While a variable life insurance policy has the potential to accumulate cash value, it is important to remember that earnings from the policy’s Investment Divisions will vary with market conditions, and the accumulated cash value may go up or down. You should be aware that a decrease in your policy’s cash value could decrease the amount of life insurance coverage.

Accessibility to the policy’s cash value.You can access your policy’s cash balance at any time through policy loans and withdrawals.The policy distributions may be structured to minimize taxes.5 The policy complements many existing retirement plans that are fully taxable when income is distributed. It’s important to note that loans and withdrawals will reduce the policy’s cash value and death benefit.

With CEAVUL, you’ll receive these key benefits:

Competitive rates.This program may qualify for Guaranteed Issue coverage. Depending on the total number of executives who elect to participate in the program, policy charges may be lower than for similar available products.

Diverse investment choices.You can allocate your premiums to more than 100 Investment Divisions. Select from a range of investment options—from aggressive to conservative—including a Fixed Account at a guaranteed interest rate. Please note that we may limit the amount that can be allocated to the Fixed Account and any guarantees are based on the claims-paying ability of the issuer.

Portability.Since you own CEAVUL, it goes with you wherever you work, as well as when you retire.

No surrender charges.You can terminate your life insurance contract at any time without incurring any penalties or fees.

Death benefit protection.You can help ensure your family’s financial well-being by adding a potentially significant life insurance death benefit that is generally free from federal income taxes—in case you’re not there to provide for them .

Flexibility.You have the flexibility to determine, within limits, the amount and frequency of your policy’s premiums, to increase or decrease coverage, add or remove riders, and change options as your needs change. Premiums can be paid on a monthly, quarterly, semiannual, or annual basis. Increases in coverage may involve further underwriting. Changing policy death benefits and other features may affect the taxability of loans and withdrawals. Talk to your tax advisor for more information.

Convenient 24-hour Web account access.You can manage or view your account at any time by accessing the CEAVUL Virtual Service Center.

Easy enrollment.Since your policy is purchased through your employer, the enrollment and application process is simple and efficient.

Protect your lifestyle by investing in your future today.Your individual needs are unique. So your investments should reflect your specific needs and goals. Your Registered Representative can help create the right investment plan for you by:

Creating an asset allocation strategy.

Upon purchasing your CEAVUL policy, you’ll need to create an asset allocation strategy that’s appropriate for you. Your Registered Representative will work with you to determine your life insurance needs, long-term financial goals, risk tolerance, and retirement time line.

Maintaining your asset allocation automatically.

Your CEAVUL policy’s Automatic Asset Reallocation feature ensures that you maintain the percentages you designate for various Investment Divisions. Reallocate your assets on a quarterly, semiannual, or annual basis, or even change the frequency as often as you want. The minimum cash value you have to allocate to the Separate Account in order to elect Automatic Asset Reallocation is $2,500. It’s important to understand that Automatic Asset Reallocation does not ensure a profit or protect against a loss during volatile markets.

Deciding how to allocate policy expenses.

With the CEAVUL policy’s Expense Allocation feature, you may direct that certain monthly policy charges be deducted from any of the available Investment Divisions or the Fixed Account, so you’re in control of managing your policy expenses.

The more you contribute to your policy and the longer you make premium payments, the more value you potentially accumulate to supplement your retirement.

Customize your policy with riders for your individual needs.

With the use of important optional features, called riders, you can tailor your policy to suit your unique situation.

This material is authorized for distribution to the public only if preceded or accompanied by a prospectus for CEAVUL.CEAVUL is a type of permanent insurance that provides a death benefit in exchange for flexible premiums. Investors are asked to consider the investment objectives, risks, charges, and expenses of the investment carefully before investing. The prospectus contains this and other information about the product. Please read it carefully before investing. CEAVUL involves insurance-related fees and charges, such as mortality and expense risk charges, surrender charges, cost of insurance, administrative charges, and underlying fund charges. In Oregon, the NYLIAC policy form number is 309-20.27.1 Ruth Helman, Mathew Greenwald & Associates; and Nevin Adams, Craig Copeland, and Jack VanDerhei, EBRI. “The 2013 Retirement Confidence Survey:

Perceived Savings Needs Outpace Reality for Many,” Employee Benefit Research Institute, No. 384, March 2013. 2 New York Life Insurance and Annuity Corporation (NYLIAC) is a wholly owned subsidiary of New York Life Insurance Company.3 The savings may accumulate on a tax-deferred basis, and the death benefit may be received income tax free.4 “Savings Fitness: A guide to Your Money and Your Financial Future.” http://www.dol.govebsa/publications/savingsfitness.html5 If a VUL policy is not a modified endowment contract (MEC), then a partial withdrawal from the policy is taxable only to the extent that it exceeds the total

investment in the policy. However, certain partial withdrawals made within the first 15 years after a policy is issued may be fully or partially taxable. If a VUL policy is an MEC, partial withdrawals and loans are taxable to the extent of the gain in the policy and, if the policy owner is under age 59½, may also be subject to a 10% penalty tax. Taxable distributions from a VUL policy would be taxed as ordinary income.

6 The following conditions have to be met for the rider to be activated: The base policy must have been in effect for 15 years, the insured must be at least 75, and the policy debt has to have exceeded the face amount of the policy at the time of activation, along with other conditions. The policy will change considerably when the rider takes effect: Any cash value not invested in the Fixed Account will be transferred to the Fixed Account, any riders other than the OLP will end, no further policy changes will be allowed, and no additional loans permitted, along with other changes.

7 The blend of base policy life insurance coverage and Supplementary Term Rider life insurance coverage affects the sales expense charges and cost of insurance charges that you pay, and the compensation the Registered Representative selling your policy receives. The Supplementary Term Rider offers life insurance coverage that is less expensive than base policy coverage, but offers no cash value accumulation. This rider must be elected during the application process and may not be added after the policy is issued.

CEAVUL policies are complex, and the decision to purchase one is very important. Please consult your legal advisors about the purchase, including possible tax and Employee Retirement Income Security Act (ERISA) consequences.

Form numbers for the Overloan Protection and Supplementary Term riders are as follows: Overloan Protection: 309-994.27 and Supplementary Term: 309-360.27. In most jurisdictions, the rider form number for the Spouse’s Paid-Up Insurance Purchase Option is 305-375.

The Overloan Protection Rider (OLP) gives you one-time protection if the policy’s cash balance is insufficient to cover the current monthly deduction charges due to policy debt. There is a one-time charge to activate this rider, and you must meet certain requirements to qualify.6 There may be tax consequences to using this rider, so consult your tax advisor about potential risks.

The Supplementary Term Rider7 offers a unique opportunity to increase your policy’s coverage by adding additional term life insurance on the same person covered by your CEAVUL policy. This rider is available for purchase with your policy. A monthly charge is applied until the rider expires. Please read the description of this rider in the CEAVUL policy prospectus carefully to make sure that it’s right for you.

Why New York Life?New York Life is one of the nation’s oldest and largest mutual life insurance companies. We’ve been keeping the promises we make to our policy owners since 1845. Our old-fashioned principles of financial strength, integrity, and humanity still guide everything that we do. For policy owners, that means we will continue to be there when you need us most.

The Spouse’s Paid-Up Insurance Purchase Option (SPPO) gives your spouse the guaranteed right to purchase a single-premium paid-up life insurance policy on his or her own life, without evidence of insurability, within 90 days of your death. Your Registered Representative can tell you about the other details and requirements of this important feature. This rider is automatically included with your policy at no cost to you.

You work hard. Retire easier.As a key employee of your company, you have a unique opportunity to help secure your family’s retirement lifestyle and get the protection of life insurance coverage. To learn more about this exclusive offer, contact your Registered Representative today or visit www.newyorklife.com.

New York Life Insurance and Annuity Corporation

CorpExec Accumulator Variable Universal Life Insurance

New York Life Insurance Company

New York Life Insurance and Annuity Corporation (NYLIAC) (A Delaware Corporation)

51 Madison Avenue New York, NY 10010

www.newyorklife.com

Distributed by: NYLIFE Distributors LLC

AR06361.RB.0062014 SMRU1604620 (Exp.06.26.2016)