Variable Annuity I Series Account of Great West Life & Annuity Insurance Company of New York has issued an important update regarding its annual notice for specific annuity contracts. This update, filed on October 29, 2026, reflects a change in the net annual expenses for the Third Avenue Value Portfolio, now set at 1.31%. This adjustment is crucial for current and potential investors as it directly impacts the cost of investment options.

The Variable Annuity I Series Account operates under the umbrella of Empower Annuity Insurance Company of America and Empower Life & Annuity Insurance Company of New York. These companies are known for providing a range of investment products, particularly in the annuity sector. The recent filing, identified by accession number 0001104659-26-120060, serves as a supplement to the annual notice originally dated May 1, 2026.

The filing clarifies that the net annual expenses for the Third Avenue Value Portfolio have been amended. The previous expense ratio has been deleted and replaced with the new figure of 1.31%. This change is significant as it may affect the overall performance and attractiveness of this investment option for clients.

Investors holding Schwab OneSource Annuity and Schwab Select Annuity contracts should pay close attention to this update. The change in expense ratios can influence investment decisions and portfolio management strategies. Additionally, financial advisors and investment professionals may need to reassess their recommendations based on this new information.

As for what comes next, the filing does not specify any further actions or requirements following this update. Investors are encouraged to keep this supplement with their annual notice for future reference and to reach out to their investment professionals with any questions.