Variable Annuity I Series Account has made a significant update to its annual notice, amending the expense ratio for the Third Avenue Value Portfolio. This change, effective as of October 29, 2026, is crucial for current and potential investors in the variable annuity market.

Background

The Variable Annuity I Series Account of Great West Life & Annuity Insurance Company of New York is a financial entity focused on investment products. The company operates under the Central Index Key (CIK) 0001037155 and is incorporated in New York. Its recent filings include several updates, with the latest being on October 29, 2026, where it filed an N-VP/A form.

What the Filing Says

The recent filing states, "The Net Annual Expenses - Current Expense listed in the 'APPENDIX: INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT' section of the Annual Notice for the Third Avenue Value Portfolio is hereby deleted and replaced with 1.31%." This adjustment reflects the company's commitment to transparency and accuracy in reporting.

Impact

This amendment will affect policyholders who hold contracts under the Schwab OneSource Annuity and Schwab Select Annuity offerings. Investors will need to take note of the updated expense ratio as it may influence their investment decisions and overall returns.

What's Next

The filing does not say what happens next.