CG Corporate Insurance Variable Life Separate Account 2 has announced important updates to its investment options that will affect policyholders. Effective December 15, 2026, the Vanguard VIF International Portfolio will be closed to new purchases and transfers. However, existing investments in this fund can still be maintained. In addition, the Janus Henderson VIT Overseas Portfolio will be added as a new investment option.
This change is significant for current and prospective policyholders, as it alters the landscape of available investment choices within their insurance products. The decision to close the Vanguard fund indicates a strategic shift in how the company is managing its investment offerings, likely in response to market dynamics and customer demand.
Background
CG Corporate Insurance Variable Life Separate Account 2 is an investment entity based in Bloomfield, Connecticut. It operates under the Central Index Key (CIK) 0001010616. The company primarily focuses on variable life insurance products, providing policyholders with flexible premium options. Its recent filings include a Form 497 on October 20, 2026, and a Form N-VPFS on May 1, 2026, among others.
What the Filing Says
The filing states, "Effective December 15, 2026, the Vanguard VIF International Portfolio will be closed to new purchases and transfers in. You may choose to keep existing investments in this fund." Additionally, it mentions the introduction of the Janus Henderson VIT Overseas Portfolio as a new investment option.
Impact
This update may affect current policyholders who have investments in the Vanguard fund, as they will no longer be able to make new contributions or transfers into that option. It also presents an opportunity for policyholders to explore the new Janus Henderson investment, which may offer different benefits and risks. The changes could influence how competitors in the insurance and investment industry adjust their offerings to meet evolving consumer preferences.
What's Next
The filing does not say what happens next.