New York Life Premier Variable Annuity II Performance ...

New York Life Premier Variable Annuity II Performance Summary Premium Based M&E Charge Structure As of September 30, 2021

To obtain a copy of the product and funds prospectuses, please contact your NYLIFE Securities LLC Registered Representative or call 1-800-598-2019. Investors are asked to consider the investment objectives, risks, charges and expenses of the investment carefully before investing. Both the product prospectus and the underlying fund prospectuses contain this and other information about the product and underlying investment options. Please read the prospectuses carefully before investing. 1 The performance shown is for the indicated classes/shares only. These classes/shares impose a 12b-1 fee (except MainStay VP U.S. Government Money Market and MainStay VP Natural Resources ? Initial Class). Performance for these classes/shares is lower than the returns for those classes/shares that do not impose a 12b-1 fee. Contact your NYLIFE Securities LLC Registered Representative or call 1-800-598-2019 for more information. Investment Division Inception Date is the date in which the Investment Division is first offered in the product. Portfolio Inception Date is the date that the Portfolio in which the Investment Division invests was first offered. 2 Assumes no deduction for contingent deferred sales charge. 3 Volatility/Risk Levels are assigned by New York Life. The Investment Divisions are grouped by risk classifications that reflect performance volatility based on Morningstar classifications as of December 31, 2020. Morningstar is a widely used independent research firm, which ranks mutual funds and other investment companies by overall performance, investment objectives and assets. Policy owners need to keep in mind, as applicable, that equity investments have been volatile historically. Investment options concentrated in bonds fluctuate in value in response to changes in interest rates. High-yield securities are generally considered speculative because they present a greater risk of loss than higher-quality debt securities and may be subject to greater price volatility. Non-US securities are subject to currency fluctuation risks and the risks of political and economic instability in the country of issuance. Investment options which are concentrated in economic sectors may be more volatile than more broadly diversified portfolios. While there is no standard definition, generally "alternative" funds include nontraditional asset classes or strategies and/or illiquid assets. Alternative investments are speculative, can carry substantial risk, and may not be appropriate for all investors. For those investors who are able to bear greater risk in return for the opportunity they provide, alternative investments may be appropriate. 4 The New York Life Premier Variable Annuity II was first offered for sale on May 1, 2015. Certain Portfolios existed prior to that date. The performance for MainStay VP Series Fund, Inc. portfolios are based on Initial Class Portfolio Inception Date (where applicable). The performance for all other investment divisions is based on the Portfolio Inception Date reflected in this performance summary. All performance has been modified to reflect Separate Account and Fund annual expenses as if the policy had been available during the periods shown. The New York Life Premier Variable Annuity II - Premium Based M&E Charge Structure differs from many other variable annuity policies in that the Mortality and Expense Risk and Administrative Costs Charge (M&E) is calculated as a percentage of your Adjusted Premium Payments under the policy (excluding premiums allocated to the Fixed Account), rather than as percentage of Separate Account assets. Therefore, the 1.50% (1.30% for policies applied for on and after May 1, 2016) M&E charge during the surrender charge period for the initial premium and 1.30% (1.10% for policies applied for on and after May 1, 2016) after the surrender charge period for the initial premium is not reflected in the performance of the Investment Divisions, but will be deducted quarterly by reducing the number of Accumulation Units in the Investment Divisions you have selected. Since market performance is reflected through fluctuations in the value of an Accumulation Unit, owning fewer Accumulation Units over time will result in a gradual reduction in the value of the Policy, regardless of market performance, when compared to the result of a traditional charge structure. Please refer to your prospectus for more details. This version of the New York Life Premier Variable Annuity II invests in the New York Life Insurance and Annuity Corporation (NYLIAC) Separate Account IV. 5 The S&P 500 Index is an unmanaged index and is widely regarded as the standard for measuring Large-Cap U.S. stock market performance. "S&P 500" is a trademark of the McGraw-Hill Companies, Inc. and has been licensed for use by the MainStay VP MacKay S&P 500 Index Portfolio. The MainStay VP MacKay S&P 500 Index Portfolio is not sponsored, endorsed, sold or promoted by Standard & Poor's and Standard and Poor's makes no representation regarding the advisability of investing in the MainStay VP MacKay S&P 500 Index Portfolio. Investors cannot invest directly in an Index. 6 An Investment in the MainStay VP U.S. Government Money Market Portfolio is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency and there can be no assurance that the Portfolio will be able to maintain a stable net asset value. Although the Portfolio seeks to preserve the value of your investment at $ 1.00 per share, it is possible to lose money by investing in the Portfolio. The current yield more closely reflects the Portfolio's earnings than the total return figures shown. The fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time. 7 New allocations to the MainStay VP Wellington Growth, MainStay VP Candriam Emerging Markets Equity and MainStay VP T. Rowe Price Equity Income Investment Divisions will not be accepted from Policyowners who were not invested in the Investment Divisions on November 13, 2017. For existing Policyowners, if you remove all of your Accumulation Value from these Investment Divisions on or after November 13, 2017, you will not be able to reinvest in these Investment Divisions. The Service Class versions of these Investment Divisions impose a 12b -1 fee. 8 New allocations to the Columbia Variable Portfolio - Commodity Strategy Investment Division will not be accepted from Policyowners who were not invested in the Investment Division on November 23, 2 020. For existing Policyowners, if you remove all of your Accumulation Value from this Investment Division on or after November 23, 2020, you will not be able to reinvest in this Investment Division. Performance information less than 1 year has not been annualized. Historically, certain fees have been assumed or reduced by some of the portfolios. Had these expenses not been assumed or reduced, the total return for these Investment Divisions would have been lower. New York Life Variable Annuities are long-term retirement products issued by New York Life Insurance and Annuity Corporation ("NYLIAC "), a Delaware Corporation, and offered by NYLIFE Securities LLC, (member FINRA/SIPC) a Licensed Insurance Agency. Both NYLIAC and NYLIFE Securities LLC are wholly-owned subsidiaries of New York Life Insurance Company, 51 Madison Avenue, New York, New York 10010. There are fees, guidelines, risks, restrictions and limitations to consider when purchasing variable annuities. For costs and complete details, contact a financial professional. SMRU 1543436

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New York Life Premier Variable Annuity II Performance Summary Premium Based M&E Charge Structure

Average Annual Total Return as of September 30, 2021 (Updated Monthly)

Investment Divisions1

Investment Grade Bond

MainStay VP U.S. Government Money Market ? Current 7-day yield is 0.01%6 PIMCO VIT Low Duration Portfolio - Advisor Class MainStay VP Bond ? Service Class Fidelity? VIP Bond Index ? Service Class 2 MainStay VP MacKay Government ? Service Class MainStay VP PIMCO Real Return ? Service Class PIMCO VIT Income Portfolio - Advisor Class PIMCO VIT International Bond Portfolio (U.S. Dollar-Hedged) - Advisor Class PIMCO VIT Total Return Portfolio - Advisor Class Non-Investment Grade Bond

BlackRock? High Yield V.I. Fund ? Class III Shares Columbia Variable Portfolio -- Emerging Markets Bond Fund -- Class 2 MainStay VP Floating Rate ? Service Class MainStay VP MacKay Convertible ? Service Class MainStay VP MacKay High Yield Corporate Bond ? Service Class MainStay VP MacKay Strategic Bond ? Service Class Alternatives

DWS Alternative Asset Allocation VIP - Class B MainStay VP IQ Hedge Multi-Strategy - Service Class Asset Allocation

American Funds IS Asset Allocation Fund - Class 4 BlackRock? Global Allocation V.I. Fund ? Class III Shares Fidelity? VIP FundsManager? 60% -- Service Class MainStay VP Balanced ? Service Class MainStay VP Conservative Allocation ? Service Class MainStay VP Income Builder ? Service Class MainStay VP Janus Henderson Balanced ? Service Class MainStay VP Moderate Allocation?Service Class Franklin Templeton Conservative Model Portfolio - Class II Franklin Templeton Moderate Model Portfolio - Class II Franklin Templeton Moderately Aggressive Model Portfolio - Class II Franklin Templeton Moderately Conservative Model Portfolio - Class II Franklin Templeton Aggressive Model Portfolio - Class II MainStay VP Equity Allocation ? Service Class MainStay VP Growth Allocation?Service Class Large Cap Equity

American Funds IS Washington Mutual Investors Fund - Class 4 American Funds IS Growth Fund - Class 4 ClearBridge Variable Appreciation Portfolio -- Class II Fidelity? VIP Contrafund? ? Service Class 2 Fidelity? VIP Equity-Income ? Service Class 2 Fidelity? VIP Growth Opportunities ? Service Class 2 MainStay VP Epoch U.S. Equity Yield ? Service Class MainStay VP Wellington U.S. Equity ? Service Class MainStay VP Wellington Growth ? Service Class7 MainStay VP MacKay S&P 500 Index ? Service Class5 MainStay VP Winslow Large Cap Growth ? Service Class MainStay VP T. Rowe Price Equity Income ? Service Class7 MFS? Investors Trust Series ? Service Class MFS? Research Series ? Service Class Small/Mid Cap Equity

Fidelity? VIP Mid Cap ? Service Class 2 Janus Henderson VIT Enterprise Portfolio ? Service Shares MainStay VP Wellington Mid Cap ? Service Class MFS? Mid Cap Value Portfolio - Service Class Neuberger Berman AMT Mid-Cap Growth ? Class S

Invesco V.I. Main Street Small Cap Fund - Series II Columbia Variable Portfolio ? Small Cap Value Fund -- Class 2 Delaware VIP Small Cap Value - Service Class MainStay VP Wellington Small Cap - Service Class MainStay VP Small Cap Growth ? Service Class International/Global Equity American Funds IS Global Small Cap Fund? ? Class 4 Fidelity? VIP International Index -- Service Class 2 Invesco V.I. International Growth Fund - Series II Janus Henderson VIT Global Research Portfolio ? Service Shares MainStay VP MacKay International Equity ? Service Class MFS? International Intrinsic Value Portfolio ? Service Class American Funds IS New World Fund - Class 4 Fidelity? VIP Emerging Markets ? Service Class 2 MainStay VP Candriam Emerging Markets Equity ? Service Class7

Sector

Columbia Variable Portfolio -- Commodity Strategy Fund -- Class 28 Fidelity? VIP Health Care -- Service Class 2 MainStay VP Fidelity Institutional AM? Utilities ? Service Class Morgan Stanley VIF U.S. Real Estate - Class II MainStay VP CBRE Global Infrastructure -- Service Class BNY Mellon IP Technology Growth ? Service Shares MainStay VP Natural Resources ? Initial Class

Please read the important disclosures regarding the product performance on the following page.

Volatility/ Risk Level3

Low Low Moderate Moderate Moderate Moderate Moderate Moderate Moderate

Moderate Moderate Moderate Moderate Moderate Moderate

Moderate Moderate

Moderate Moderate Moderate Moderate Moderate Moderate Moderate Moderate Moderate Moderate Moderate Moderate

High High High

High High High High High High High High High High High

High High High

High High High High High Highest Highest Highest Highest Highest

High High High High High High Highest Highest

Highest

High High High High High Highest Highest

Portfolio Inception

Date

Investment Division Inception Date1

01/29/1993 03/31/2006 06/02/2003 04/19/2018 06/02/2003 02/17/2012 04/29/2016 05/01/2014 02/28/2006

05/01/2015 05/02/2016 05/01/2015 11/23/2020 05/01/2015 05/01/2015 05/01/2020 05/01/2015 05/01/2015

02/15/2012 04/30/2012 05/01/2005 06/02/2003 06/02/2003 05/01/2011

05/01/2015 05/01/2015 05/01/2015 05/01/2015 05/01/2015 05/01/2015

05/18/2009 05/02/2016 05/01/2013 05/01/2015

12/14/2012 11/18/2003 08/22/2007 05/01/2005 02/13/2006 06/02/2003 02/17/2012 02/13/2006 05/01/2020 05/01/2020 05/01/2020 05/01/2020 05/01/2020 02/13/2006 02/13/2006

05/01/2018 05/01/2015 05/01/2019 05/01/2015 05/01/2015 05/01/2015 05/01/2015 05/01/2015 05/01/2020 05/01/2020 05/01/2020 05/01/2020 05/01/2020 05/01/2015 05/01/2015

12/14/2012 12/14/2012 02/28/2015 01/12/2000 01/12/2000 01/12/2000 06/02/2003 06/02/2003

06/02/2003

06/02/2003 06/02/2003

02/17/2012 05/01/2000 05/01/2000

11/13/2017 11/13/2017 05/01/2017 05/01/2015 05/01/2015 05/01/2015 05/01/2015 05/01/2015

05/01/2015

05/01/2015 05/01/2015

05/01/2015 05/01/2015 05/01/2015

01/12/2000 12/31/1999 06/02/2003 03/07/2008 02/18/2003

07/16/2001 06/01/2000 05/01/2000 05/02/2016 02/17/2012

05/01/2015 11/13/2017 05/01/2015 05/01/2020 05/01/2015

05/01/2020 05/01/2015 11/13/2017 05/02/2016 05/01/2015

12/14/2012 04/16/2018 09/19/2001 12/31/1999 06/02/2003 08/31/2001 12/14/2012 01/23/2008

02/17/2012

05/01/2015 05/01/2019 05/01/2015 05/01/2015 05/01/2015 05/01/2017 05/01/2015 05/01/2018

05/01/2015

04/30/2013 04/30/2019 02/17/2012 11/05/2002 05/01/2015 12/29/2000 02/17/2012

05/01/2015 05/01/2019 05/01/2015 05/01/2015 05/01/2015 05/01/2015 05/01/2015

Month to Date

0.00% 0.05% -0.91% -0.98% -0.54% -0.83% -0.16% -0.95% -0.78%

-0.06% -1.94% 0.48% -0.73% 0.28% -0.03%

-1.20% -1.44%

-3.54% -3.17% -2.83% -2.46% -2.07% -2.90% -3.68% -2.80% -1.58% -2.86% -3.25% -2.36% -4.20% -4.13% -3.45%

-3.85% -3.82% -4.91% -5.69% -3.86% -5.06% -4.32% -4.53% -5.48% -4.68% -5.15% -2.68% -4.48% -5.14%

-3.07% -2.91% -3.79% -2.93% -4.12% -1.66% -1.09% -1.76% -3.62% -3.85%

-4.39% -3.36% -4.52% -4.36% -5.54% -5.00% -4.39% -4.34% -5.61%

5.52% -4.69% -5.27% -5.31% -4.84% -5.93% 6.63%

Non-Standardized (Assuming No Surrender)2

Year to

Date

(Updated Monthly)

1 Year4

3 Year4

5 Year4

10 Year4

Since Investment

Division Inception

1 Year4

0.01% -0.11% -1.33% -2.03% -1.18% 2.99% 1.79% -1.58% -1.21%

4.34% -1.73% 3.02% 6.02% 5.01% 1.84%

9.82% -0.72%

8.50% 3.98% 7.80% 11.12% 4.19% 6.03% 8.86% 6.85% 2.66% 6.81% 8.45% 4.81% 11.18% 12.76% 9.90%

14.02% 13.00% 12.55% 15.58% 15.63% 11.62% 12.49% 16.47% 14.40%

15.59% 15.76% 16.93% 17.24% 14.63%

15.64% 10.30% 13.09% 18.56% 9.84% 16.83% 24.61% 22.23% 11.56% 7.88%

8.40% 5.58% 1.31% 11.62% 9.72% 3.20% 4.55% -2.13% 0.01%

0.01% 0.23% -0.27%

N/A -1.11% 4.85% 6.26% 0.41% -0.15%

10.56% 5.22% 6.48% 25.56% 10.28% 5.31%

20.57% 4.27%

18.85% 16.28% 18.57% 22.71% 10.31% 14.97% 16.59% 15.78% 6.49% 15.35% 19.37% 11.54% 25.47% 30.33% 23.63%

29.53% 34.56% 24.85% 24.68% 33.74% 32.23% 25.46% 30.23% 27.02%

29.51% 26.57% 41.28% 31.08% 26.70%

40.47% 32.10% 35.05% 41.34% 31.47% 49.02% 66.63% 61.99% 42.19% 36.24%

33.11% 23.11% 15.17% 27.45% 24.62% 13.51% 24.68% 22.84% 21.00%

0.82% 2.37% 5.28%

N/A 3.39% 7.16% 5.61% 3.70% 5.47%

6.77% 4.68% 3.16% 15.86% 6.33% 4.12%

7.70% 3.31%

10.44% 10.99% 10.58% 7.87% 6.89% 8.43% 12.19% 8.13%

N/A N/A N/A N/A N/A 10.76% 9.21%

9.08% 24.31% 14.39% 18.29% 11.56% 32.56% 8.63% 12.89% 16.94%

15.54% 21.06% 9.11% 15.13% 14.97%

10.48% 15.30% 8.23% 11.02% 18.39% 12.17% 9.33% 7.38% 3.98% 14.13%

15.61% 7.76% 9.46% 14.08% 12.05% 11.45% 14.59% 14.64% 10.66%

0.77% 1.60% 2.79%

N/A 1.47% 4.15% 5.16% 2.87% 3.33%

6.36% 3.26% 3.67% 14.58% 5.78% 3.54%

4.71% 1.25%

10.54% 9.18% 10.08% 7.63% 6.34% 7.44% 13.08% 8.24%

N/A N/A N/A N/A N/A 11.92% 10.06%

10.69% 23.73% 15.02% 18.04% 11.41% 31.50% 10.05% 15.09% 19.69%

16.39% 22.65% 10.76% 15.85% 15.90%

12.54% 17.60% 10.81% 11.04% 19.04% 14.49% 11.71% 9.98% 8.85% 16.87%

14.90% N/A

8.19% 14.92% 11.95% 10.98% 12.14% 12.63% 9.73%

0.39% 1.68% 2.92%

N/A 1.73% 2.74%

N/A 4.58% 3.52%

7.09% N/A

3.94% 12.84% 6.68% 4.49%

4.00% N/A

11.40% 7.89% 9.57% 9.40% 6.85% 8.94% 11.57% 8.67%

N/A N/A N/A N/A N/A 11.94% 10.47%

13.41% 19.51% 14.90% 16.24% 12.65% 23.57% 11.16% 15.63% 15.41%

16.07% 18.61% 12.12% 15.42% 15.61%

12.70% 17.47% 13.76% 13.62% 15.75% 15.50% 12.95% 12.44%

N/A N/A

12.90% N/A

8.05% 13.27% 10.37% 11.87% 8.93% 8.66%

N/A

0.60% 1.61% 3.02% -1.98% 1.60% 3.60% 9.87% 3.19% 3.25%

5.39% 4.03% 3.40% 11.56% 5.73% 3.08%

4.96% -0.99%

10.57% 6.75% 13.17% 6.45% 5.11% 6.01% 9.98% 6.34% 9.12% 18.16% 23.41% 14.37% 29.62% 8.62% 7.48%

9.99% 23.60% 14.63% 14.12% 9.26% 24.03% 6.79% 11.99% 14.56%

13.45% 17.85% 8.53% 12.61% 13.02%

9.71% 16.40% 8.21% 41.23% 14.04% 51.82% 10.22% 7.42% 9.69% 13.35%

10.97% 9.82% 5.12% 10.25% 9.50% 11.40% 9.23% 9.80% 5.44%

-7.99% -7.77% -8.25%

N/A -9.02% -3.15% -1.74% -7.59% -8.14%

2.56% -2.78% -1.52% 17.56% 2.28% -2.69%

12.57% -3.73%

10.85% 8.28% 10.57% 14.71% 2.31% 6.97% 8.59% 7.78% -1.51% 7.35% 11.37% 3.54% 17.47% 22.33% 15.63%

21.53% 26.56% 16.85% 16.68% 25.74% 24.23% 17.46% 22.23% 19.02%

21.51% 18.57% 33.28% 23.08% 18.70%

32.47% 24.10% 27.05% 33.34% 23.47% 41.02% 58.63% 53.99% 34.19% 28.24%

25.11% 15.11% 7.17% 19.45% 16.62% 5.51% 16.68% 14.84% 13.00%

33.88%

7.17% 2.59% 21.44% 6.73% 8.06% 25.08%

46.55%

16.52% 15.36% 40.02% 17.13% 23.19% 56.81%

8.30%

12.26% 6.70% 2.76% -10.59% 23.45% 6.20%

4.94%

15.42% 7.08% 2.17% -3.65% 25.83% 2.71%

N/A

19.20% 8.55% 7.93%

N/A 20.07% 0.69%

0.92%

21.27% 4.53% 3.31% -4.77% 21.00% -0.60%

38.55%

8.52% 7.36% 32.02% 9.13% 15.19% 48.81%

Standardized (Assuming Surrender)

3 Year4

5 Year4

10 Year4

Since Investment

Division Inception

-1.18% 0.42% 3.44%

N/A 1.49% 5.39% 3.78% 1.80% 3.64%

4.98% 2.82% 1.24% 14.35% 4.53% 2.24%

5.95% 1.41%

8.78% 9.34% 8.92% 6.13% 5.11% 6.71% 10.57% 6.39%

N/A N/A N/A N/A N/A 9.11% 7.50%

7.37% 23.00% 12.84% 16.85% 9.93% 31.42% 6.91% 11.30% 15.46%

14.02% 19.68% 7.41% 13.60% 13.44%

8.82% 13.78% 6.49% 9.37% 16.95% 10.56% 7.63% 5.62% 2.09% 12.57%

14.09% 6.01% 7.77% 12.53% 10.44% 9.82% 13.05% 13.09% 9.00%

-0.02% 0.84% 2.06%

N/A 0.71% 3.46% 4.49% 2.14% 2.62%

5.72% 2.55% 2.97% 14.12% 5.13% 2.84%

4.04% 0.48%

10.00% 8.61% 9.53% 7.03% 5.70% 6.83% 12.59% 7.65%

N/A N/A N/A N/A N/A 11.41% 9.51%

10.15% 23.39% 14.56% 17.62% 10.89% 31.23% 9.50% 14.63% 19.30%

15.96% 22.29% 10.23% 15.40% 15.45%

12.03% 17.17% 10.27% 10.51% 18.63% 14.02% 11.19% 9.43% 8.27% 16.44%

14.43% N/A

7.60% 14.46% 11.44% 10.44% 11.63% 12.13% 9.18%

0.39% 1.68% 2.92%

N/A 1.73% 2.74%

N/A 4.58% 3.52%

7.09% N/A

3.94% 12.84% 6.68% 4.49%

4.00% N/A

11.40% 7.89% 9.57% 9.40% 6.85% 8.94% 11.57% 8.67%

N/A N/A N/A N/A N/A 11.94% 10.47%

13.41% 19.51% 14.90% 16.24% 12.65% 23.57% 11.16% 15.63% 15.41%

16.07% 18.61% 12.12% 15.42% 15.61%

12.70% 17.47% 13.76% 13.62% 15.75% 15.50% 12.95% 12.44%

N/A N/A

12.90% N/A

8.05% 13.27% 10.37% 11.87% 8.93% 8.66%

N/A

0.30% 1.09% 2.75% -9.83% 1.31% 3.34% 5.08% 2.93% 2.99%

5.15% 3.78% 3.14% 11.38% 5.50% 2.81%

4.51% -1.30%

9.41% 6.53% 11.06% 6.23% 4.87% 5.78% 9.80% 6.11% 4.31% 13.51% 18.84% 9.65% 25.15% 8.42% 7.27%

9.00% 22.90% 14.06% 13.97% 9.06% 23.93% 6.57% 11.82% 14.41%

13.30% 17.73% 8.33% 12.44% 12.85%

9.52% 15.56% 8.01% 36.92% 13.89% 47.65% 10.04% 6.36% 9.32% 13.20%

10.79% 7.62% 4.88% 10.07% 9.31% 10.77% 9.03% 8.61% 5.21%

6.57%

10.65% 4.91% 0.83% -12.42% 22.12% 4.40%

4.27%

14.97% 6.46% 1.42% -4.43% 25.51% 1.98%

N/A

19.20% 8.55% 7.93%

N/A 20.07% 0.69%

0.63%

19.36% 4.28% 3.05% -5.07% 20.89% -0.91%

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Performance data quoted represents past performance. Past performance is no guarantee of future results. Due to market volat ility, current performance may be lower or higher than the figures shown. The investment return and the Accumulation Value of your policy will fluctuate so that a policy, when surrendered may be worth more or less than the premium payment(s). For current to the m ost recent month-end performance information, please call 1-800-598-2019 or visit . All performance reflects the percentage change for the period shown, with capital gains and dividends reinvested and includes the Fund Company Expenses. An Annual Policy Service Charge of $30 is not included in these charges, but will be deducted each year from the policy's Accumulation Value on the policy anniversary and upon surrender if on that date the Accumulation Value Is less than $100,000. The performance shown, therefore, would be slightly lower if your policy's Accumulation Value is less than $100,000. Charges for any optional riders, if reflected, would reduce the performance shown. Non-Standardized Performance ("Assuming No Surrender") does not reflect the deduction of Surrender Charges. Standardized Performance ("Assuming Surrender") reflects the maximum Surrender Charge under the policy. The maximum Surrende r Charge for each premium payment is 8%, declining to 2% by the 7th year after that premium payment has been in the policy, with no surrender charge thereafter. Withdrawals and surrenders may be taxable transactions, and prior to age 59?, may be subject to a 10% IRS penalty (the penalt y tax is increased to 25% in the case of a distribution from a SIMPLE IRA within the first two years of your participation in the SIMPLE IRA plan). The Investment Divisions offered through the New York Life Premier Variable Annuity II and described herein are different fro m mutual funds that may have similar names but are available directly to the general public. Investment results may differ. In most jurisdictions, the policy form number for the New York Life Premier Variable Annuity II is ICC15 -P301 or it is 215-P301.

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New York Life Premier Variable Annuity II Performance Summary Premium Based M&E Charge Structure

Average Annual Total Return as of September 30, 2021 (Updated Quarterly)

Investment Divisions1

Investment Grade Bond

MainStay VP U.S. Government Money Market ? Current 7-day yield is 0.01%6 PIMCO VIT Low Duration Portfolio - Advisor Class MainStay VP Bond ? Service Class Fidelity? VIP Bond Index ? Service Class 2 MainStay VP MacKay Government ? Service Class MainStay VP PIMCO Real Return ? Service Class PIMCO VIT Income Portfolio - Advisor Class PIMCO VIT International Bond Portfolio (U.S. Dollar-Hedged) - Advisor Class PIMCO VIT Total Return Portfolio - Advisor Class Non-Investment Grade Bond

BlackRock? High Yield V.I. Fund ? Class III Shares Columbia Variable Portfolio -- Emerging Markets Bond Fund -- Class 2 MainStay VP Floating Rate ? Service Class MainStay VP MacKay Convertible ? Service Class MainStay VP MacKay High Yield Corporate Bond ? Service Class MainStay VP MacKay Strategic Bond ? Service Class Alternatives

DWS Alternative Asset Allocation VIP - Class B MainStay VP IQ Hedge Multi-Strategy - Service Class Asset Allocation

American Funds IS Asset Allocation Fund - Class 4 BlackRock? Global Allocation V.I. Fund ? Class III Shares Fidelity? VIP FundsManager? 60% -- Service Class MainStay VP Balanced ? Service Class MainStay VP Conservative Allocation ? Service Class MainStay VP Income Builder ? Service Class MainStay VP Janus Henderson Balanced ? Service Class MainStay VP Moderate Allocation?Service Class Franklin Templeton Conservative Model Portfolio - Class II Franklin Templeton Moderate Model Portfolio - Class II Franklin Templeton Moderately Aggressive Model Portfolio - Class II Franklin Templeton Moderately Conservative Model Portfolio - Class II Franklin Templeton Aggressive Model Portfolio - Class II MainStay VP Equity Allocation ? Service Class MainStay VP Growth Allocation?Service Class Large Cap Equity

American Funds IS Washington Mutual Investors Fund - Class 4 American Funds IS Growth Fund - Class 4

ClearBridge Variable Appreciation Portfolio -- Class II Fidelity? VIP Contrafund? ? Service Class 2 Fidelity? VIP Equity-Income ? Service Class 2 Fidelity? VIP Growth Opportunities ? Service Class 2 MainStay VP Epoch U.S. Equity Yield ? Service Class MainStay VP Wellington U.S. Equity ? Service Class MainStay VP Wellington Growth ? Service Class7 MainStay VP MacKay S&P 500 Index ? Service Class5 MainStay VP Winslow Large Cap Growth ? Service Class MainStay VP T. Rowe Price Equity Income ? Service Class7 MFS? Investors Trust Series ? Service Class MFS? Research Series ? Service Class Small/Mid Cap Equity

Fidelity? VIP Mid Cap ? Service Class 2 Janus Henderson VIT Enterprise Portfolio ? Service Shares MainStay VP Wellington Mid Cap ? Service Class MFS? Mid Cap Value Portfolio - Service Class Neuberger Berman AMT Mid-Cap Growth ? Class S

Invesco V.I. Main Street Small Cap Fund - Series II Columbia Variable Portfolio ? Small Cap Value Fund -- Class 2 Delaware VIP Small Cap Value - Service Class MainStay VP Wellington Small Cap - Service Class MainStay VP Small Cap Growth ? Service Class International/Global Equity American Funds IS Global Small Cap Fund? ? Class 4 Fidelity? VIP International Index -- Service Class 2 Invesco V.I. International Growth Fund - Series II Janus Henderson VIT Global Research Portfolio ? Service Shares MainStay VP MacKay International Equity ? Service Class MFS? International Intrinsic Value Portfolio ? Service Class American Funds IS New World Fund - Class 4 Fidelity? VIP Emerging Markets ? Service Class 2 MainStay VP Candriam Emerging Markets Equity ? Service Class7 Sector

Columbia Variable Portfolio -- Commodity Strategy Fund -- Class 28 Fidelity? VIP Health Care -- Service Class 2 MainStay VP Fidelity Institutional AM? Utilities ? Service Class Morgan Stanley VIF U.S. Real Estate - Class II MainStay VP CBRE Global Infrastructure -- Service Class BNY Mellon IP Technology Growth ? Service Shares MainStay VP Natural Resources ? Initial Class

Please read the important disclosures regarding the product performance on the following page.

Volatility/ Risk Level3

Low Low Moderate Moderate Moderate Moderate Moderate Moderate Moderate

Moderate Moderate Moderate Moderate Moderate Moderate

Moderate Moderate

Moderate Moderate Moderate Moderate Moderate Moderate Moderate Moderate Moderate Moderate Moderate Moderate

High High High

High High High High High High High High High High High

High High High

High High High High High Highest Highest Highest Highest Highest

High High High High High High Highest Highest

Highest

High High High High High Highest Highest

Portfolio Inception

Date

01/29/1993 03/31/2006 06/02/2003 04/19/2018 06/02/2003 02/17/2012 04/29/2016 05/01/2014 02/28/2006

02/15/2012 04/30/2012 05/01/2005 06/02/2003 06/02/2003 05/01/2011

05/18/2009 05/01/2013

12/14/2012 11/18/2003 08/22/2007 05/01/2005 02/13/2006 06/02/2003 02/17/2012 02/13/2006 05/01/2020 05/01/2020 05/01/2020 05/01/2020 05/01/2020 02/13/2006 02/13/2006

12/14/2012 12/14/2012 02/28/2015 01/12/2000 01/12/2000 01/12/2000 06/02/2003 06/02/2003 06/02/2003 06/02/2003 06/02/2003

02/17/2012 05/01/2000 05/01/2000

01/12/2000 12/31/1999 06/02/2003 03/07/2008 02/18/2003 07/16/2001 06/01/2000 05/01/2000 05/02/2016 02/17/2012

12/14/2012 04/16/2018 09/19/2001 12/31/1999 06/02/2003 08/31/2001 12/14/2012 01/23/2008

02/17/2012

04/30/2013 04/30/2019 02/17/2012 11/05/2002 05/01/2015 12/29/2000 02/17/2012

Investment Division Inception Date1

05/01/2015 05/02/2016 05/01/2015 11/23/2020 05/01/2015 05/01/2015 05/01/2020 05/01/2015 05/01/2015

05/01/2015 05/01/2015 05/01/2015 05/01/2015 05/01/2015 05/01/2015

05/02/2016 05/01/2015

05/01/2018 05/01/2015 05/01/2019 05/01/2015 05/01/2015 05/01/2015 05/01/2015 05/01/2015 05/01/2020 05/01/2020 05/01/2020 05/01/2020 05/01/2020 05/01/2015 05/01/2015

11/13/2017 11/13/2017 05/01/2017 05/01/2015 05/01/2015 05/01/2015 05/01/2015 05/01/2015 05/01/2015 05/01/2015 05/01/2015

05/01/2015 05/01/2015 05/01/2015

05/01/2015 11/13/2017 05/01/2015 05/01/2020 05/01/2015 05/01/2020 05/01/2015 11/13/2017 05/02/2016 05/01/2015

05/01/2015 05/01/2019 05/01/2015 05/01/2015 05/01/2015 05/01/2017 05/01/2015 05/01/2018

05/01/2015

05/01/2015 05/01/2019 05/01/2015 05/01/2015 05/01/2015 05/01/2015 05/01/2015

1 Year4

Non-Standardized (Assuming No Surrender)2

Since

Investment

3 Year4

5 Year4

10 Year4

Division Inception

0.01% 0.23% -0.27%

N/A -1.11% 4.85% 6.26% 0.41% -0.15%

10.56% 5.22% 6.48% 25.56% 10.28% 5.31%

20.57% 4.27%

18.85% 16.28% 18.57% 22.71% 10.31% 14.97% 16.59% 15.78% 6.49% 15.35% 19.37% 11.54% 25.47% 30.33% 23.63%

29.53% 34.56% 24.85% 24.68% 33.74% 32.23% 25.46% 30.23% 27.02%

29.51% 26.57% 41.28% 31.08% 26.70%

40.47% 32.10% 35.05% 41.34% 31.47% 49.02% 66.63% 61.99% 42.19% 36.24%

33.11% 23.11% 15.17% 27.45% 24.62% 13.51% 24.68% 22.84% 21.00%

0.82% 2.37% 5.28%

N/A 3.39% 7.16% 5.61% 3.70% 5.47%

6.77% 4.68% 3.16% 15.86% 6.33% 4.12%

7.70% 3.31%

10.44% 10.99% 10.58% 7.87% 6.89% 8.43% 12.19% 8.13%

N/A N/A N/A N/A N/A 10.76% 9.21%

9.08% 24.31% 14.39% 18.29% 11.56% 32.56% 8.63% 12.89% 16.94%

15.54% 21.06% 9.11% 15.13% 14.97%

10.48% 15.30% 8.23% 11.02% 18.39% 12.17% 9.33% 7.38% 3.98% 14.13%

15.61% 7.76% 9.46% 14.08% 12.05% 11.45% 14.59% 14.64% 10.66%

0.77% 1.60% 2.79%

N/A 1.47% 4.15% 5.16% 2.87% 3.33%

6.36% 3.26% 3.67% 14.58% 5.78% 3.54%

4.71% 1.25%

10.54% 9.18% 10.08% 7.63% 6.34% 7.44% 13.08% 8.24%

N/A N/A N/A N/A N/A 11.92% 10.06%

10.69% 23.73% 15.02% 18.04% 11.41% 31.50% 10.05% 15.09% 19.69%

16.39% 22.65% 10.76% 15.85% 15.90%

12.54% 17.60% 10.81% 11.04% 19.04% 14.49% 11.71% 9.98% 8.85% 16.87%

14.90% N/A

8.19% 14.92% 11.95% 10.98% 12.14% 12.63% 9.73%

0.39% 1.68% 2.92%

N/A 1.73% 2.74%

N/A 4.58% 3.52%

7.09% N/A

3.94% 12.84% 6.68% 4.49%

4.00% N/A

11.40% 7.89% 9.57% 9.40% 6.85% 8.94% 11.57% 8.67%

N/A N/A N/A N/A N/A 11.94% 10.47%

13.41% 19.51% 14.90% 16.24% 12.65% 23.57% 11.16% 15.63% 15.41%

16.07% 18.61% 12.12% 15.42% 15.61%

12.70% 17.47% 13.76% 13.62% 15.75% 15.50% 12.95% 12.44%

N/A N/A

12.90% N/A

8.05% 13.27% 10.37% 11.87% 8.93% 8.66%

N/A

0.60% 1.61% 3.02% -1.98% 1.60% 3.60% 9.87% 3.19% 3.25%

5.39% 4.03% 3.40% 11.56% 5.73% 3.08%

4.96% -0.99%

10.57% 6.75% 13.17% 6.45% 5.11% 6.01% 9.98% 6.34% 9.12% 18.16% 23.41% 14.37% 29.62% 8.62% 7.48%

9.99% 23.60% 14.63% 14.12% 9.26% 24.03% 6.79% 11.99% 14.56%

13.45% 17.85% 8.53% 12.61% 13.02%

9.71% 16.40% 8.21% 41.23% 14.04% 51.82% 10.22% 7.42% 9.69% 13.35%

10.97% 9.82% 5.12% 10.25% 9.50% 11.40% 9.23% 9.80% 5.44%

46.55%

16.52% 15.36% 40.02% 17.13% 23.19% 56.81%

8.30%

12.26% 6.70% 2.76% -10.59% 23.45% 6.20%

4.94%

15.42% 7.08% 2.17% -3.65% 25.83% 2.71%

N/A

19.20% 8.55% 7.93%

N/A 20.07% 0.69%

0.92%

21.27% 4.53% 3.31% -4.77% 21.00% -0.60%

Page 4 of 5

1 Year4

-7.99% -7.77% -8.25%

N/A -9.02% -3.15% -1.74% -7.59% -8.14%

2.56% -2.78% -1.52% 17.56% 2.28% -2.69%

12.57% -3.73%

10.85% 8.28% 10.57% 14.71% 2.31% 6.97% 8.59% 7.78% -1.51% 7.35% 11.37% 3.54% 17.47% 22.33% 15.63%

21.53% 26.56% 16.85% 16.68% 25.74% 24.23% 17.46% 22.23% 19.02% 21.51% 18.57% 33.28% 23.08% 18.70%

32.47% 24.10% 27.05% 33.34% 23.47% 41.02% 58.63% 53.99% 34.19% 28.24%

25.11% 15.11% 7.17% 19.45% 16.62% 5.51% 16.68% 14.84% 13.00%

38.55% 8.52% 7.36% 32.02% 9.13% 15.19% 48.81%

Standardized (Assuming Surrender)

3 Year4

5 Year4

10 Year4

Since Investment

Division Inception

-1.18% 0.42% 3.44%

N/A 1.49% 5.39% 3.78% 1.80% 3.64%

4.98% 2.82% 1.24% 14.35% 4.53% 2.24%

5.95% 1.41%

8.78% 9.34% 8.92% 6.13% 5.11% 6.71% 10.57% 6.39%

N/A N/A N/A N/A N/A 9.11% 7.50%

7.37% 23.00% 12.84% 16.85% 9.93% 31.42% 6.91% 11.30% 15.46%

14.02% 19.68% 7.41% 13.60% 13.44%

8.82% 13.78% 6.49% 9.37% 16.95% 10.56% 7.63% 5.62% 2.09% 12.57%

14.09% 6.01% 7.77% 12.53% 10.44% 9.82% 13.05% 13.09% 9.00%

-0.02% 0.84% 2.06%

N/A 0.71% 3.46% 4.49% 2.14% 2.62%

5.72% 2.55% 2.97% 14.12% 5.13% 2.84%

4.04% 0.48%

10.00% 8.61% 9.53% 7.03% 5.70% 6.83% 12.59% 7.65%

N/A N/A N/A N/A N/A 11.41% 9.51%

10.15% 23.39% 14.56% 17.62% 10.89% 31.23% 9.50% 14.63% 19.30%

15.96% 22.29% 10.23% 15.40% 15.45%

12.03% 17.17% 10.27% 10.51% 18.63% 14.02% 11.19% 9.43% 8.27% 16.44%

14.43% N/A

7.60% 14.46% 11.44% 10.44% 11.63% 12.13% 9.18%

0.39% 1.68% 2.92%

N/A 1.73% 2.74%

N/A 4.58% 3.52%

7.09% N/A

3.94% 12.84% 6.68% 4.49%

4.00% N/A

11.40% 7.89% 9.57% 9.40% 6.85% 8.94% 11.57% 8.67%

N/A N/A N/A N/A N/A 11.94% 10.47%

13.41% 19.51% 14.90% 16.24% 12.65% 23.57% 11.16% 15.63% 15.41%

16.07% 18.61% 12.12% 15.42% 15.61%

12.70% 17.47% 13.76% 13.62% 15.75% 15.50% 12.95% 12.44%

N/A N/A

12.90% N/A

8.05% 13.27% 10.37% 11.87% 8.93% 8.66%

N/A

0.30% 1.09% 2.75% -9.83% 1.31% 3.34% 5.08% 2.93% 2.99%

5.15% 3.78% 3.14% 11.38% 5.50% 2.81%

4.51% -1.30%

9.41% 6.53% 11.06% 6.23% 4.87% 5.78% 9.80% 6.11% 4.31% 13.51% 18.84% 9.65% 25.15% 8.42% 7.27%

9.00% 22.90% 14.06% 13.97% 9.06% 23.93% 6.57% 11.82% 14.41%

13.30% 17.73% 8.33% 12.44% 12.85%

9.52% 15.56% 8.01% 36.92% 13.89% 47.65% 10.04% 6.36% 9.32% 13.20%

10.79% 7.62% 4.88% 10.07% 9.31% 10.77% 9.03% 8.61% 5.21%

6.57%

10.65% 4.91% 0.83% -12.42% 22.12% 4.40%

4.27%

14.97% 6.46% 1.42% -4.43% 25.51% 1.98%

N/A

19.20% 8.55% 7.93%

N/A 20.07% 0.69%

0.63%

19.36% 4.28% 3.05% -5.07% 20.89% -0.91%

Performance data quoted represents past performance. Past performance is no guarantee of future results. Due to market volat ility, current performance may be lower or higher than the figures shown. The investment return and the Accumulation Value of your policy will fluctuate so that a policy, when surrendered may be worth more or less than the premium payment(s). For current to the m ost recent month-end performance information, please call 1-800-598-2019 or visit . All performance reflects the percentage change for the period shown, with capital gains and dividends reinvested and includes the Fund Company Expenses. An Annual Policy Service Charge of $30 is not included in these charges, but will be deducted each year from the policy's Accumulation Value on the policy anniversary and upon surrender if on that date the Accumulation Value Is less than $100,000. The performance shown, therefore, would be slightly lower if your policy's Accumulation Value is less than $100,000. Charges for any optional riders, if reflected, would reduce the performance shown. Non-Standardized Performance ("Assuming No Surrender") does not reflect the deduction of Surrender Charges. Standardized Performance ("Assuming Surrender") reflects the maximum Surrender Charge under the policy. The maximum Surrende r Charge for each premium payment is 8%, declining to 2% by the 7th year after that premium payment has been in the policy, with no surrender charge thereafter. Withdrawals and surrenders may be taxable transactions, and prior to age 59?, may be subject to a 10% IRS penalty (the penalt y tax is increased to 25% in the case of a distribution from a SIMPLE IRA within the first two years of your participation in the SIMPLE IRA plan). The Investment Divisions offered through the New York Life Premier Variable Annuity II and described herein are different fro m mutual funds that may have similar names but are available directly to the general public. Investment results may differ. In most jurisdictions, the policy form number for the New York Life Premier Variable Annuity II is ICC15 -P301 or ir is 215-P301

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