Document

This Updating Summary Prospectus summarizes key features of the Contract. The statutory prospectus for the Contract (the “Expanded Prospectus”) contains more information about the Contract, including its features, benefits, and risks. You can find the Expanded Prospectus and other information about the Contract online at www.principal.com/PivotSeriesReport. You can also obtain this information at no cost by calling 1-800-852-4450 or by sending an email request to annuityinternet@principal.com.

These types of underlying funds employ a strategy to provide downside (buffer) protection but they also have limited participation in upside returns over a defined outcome period. Such funds usually have “Buffer” in the name of the fund. Buffer funds have characteristics unlike many other traditional investment products and may not be suitable for all investors. These strategies could limit the upside participation of the buffer fund in rising equity markets relative to other funds. The buffer provides limited protection in the event of a market downturn. The buffer, outcome period and FLEX Options and their accompanying risks are summarized below.

There can be no guarantee that the buffer fund will be successful in its strategy to provide buffer protection against Index losses if the Index decreases over the Outcome Period by 10% or less. An investor may lose his or her entire investment. The buffer fund’s strategy seeks to deliver returns that match the Index (but will be less than the Index due to the cost of the options used by the buffer fund), while limiting downside losses, if shares are bought on the day on which the buffer fund enters into the options and held until those options expire at the end of each Outcome Period. In the event shares are purchased after the date on which the options were entered into or shares are redeemed prior to the expiration of the options, the buffer that the buffer fund seeks to provide may not be available. The buffer fund does not provide principal protection, and an investor may experience significant losses on its investment, including the loss of its entire investment.

The buffer funds seek to match the performance of an index, before the deduction of expenses and subject to the buffer, only if buffer fund shares are held on the first day of the Outcome Period and continues to be held until the last day of the Outcome Period. If the shares are redeemed before the end of the Outcome Period, you may experience investment returns very different from those contracts where the shares are held through the end of the Outcome Period and different from what the fund seeks to provide, including potentially a loss of some or all of your investment. In particular, you will not receive the same amount of protection against losses from the buffer feature if you redeem before the last day of the Outcome Period, and you might lose some or all of your investment.

The buffer fund may invest in FLEX Options issued and guaranteed for settlement by the Options Clearing Corporation (“OCC”). The buffer fund bears the risk that the OCC will be unable or unwilling to perform its obligations under the FLEX Options contracts. If the OCC becomes insolvent or is otherwise unable to meet its settlement obligations, the buffer fund could incur significant losses. Additionally, FLEX Options may be illiquid if trading in the FLEX Options is limited or absent and, in such cases, the buffer fund may have difficulty closing out certain FLEX Options positions at desired times and prices, decreasing the value of the FLEX Options. There is no guarantee that a liquid secondary trading market will exist for FLEX Options, and a less liquid trading market may adversely impact the value of FLEX Options. The buffer fund intends to treat

any income it may derive from the FLEX Options as “qualifying income” under the provisions of the Internal Revenue Code applicable to regulated investment companies (“RICs”). In addition, based upon language in legislative history, the buffer fund intends to treat the issuer of the FLEX Options as the referenced asset for diversification purposes. If the income is not qualifying income or the issuer of the FLEX Options is not appropriately the referenced asset, the buffer fund could lose its own status as a RIC.

FEES AND EXPENSES

LOCATION IN EXPANDED

PROSPECTUS

Charges for Early Withdrawals

For applications signed on or after April 6, 2017

For applications signed before April 6, 2017

If you withdraw money from your Contract within five years following your last premium payment, you will be assessed a surrender charge. The maximum surrender charge is 6% of the amount withdrawn during the first three contract years, declining down to 0% over the 5-year time period. For example, if you make an early withdrawal within the first three contract years, you could pay a surrender charge of up to $6,000 on a $100,000 investment.

If you withdraw money from your Contract within seven years following your last premium payment, you will be assessed a surrender charge. The maximum surrender charge is 6% of the amount withdrawn during the first three contract years, declining down to 0% over the 7-year time period. For example, if you make an early withdrawal within the first three contract years, you could pay a surrender charge of up to $6,000 on a $100,000 investment.

7. CHARGES – Deferred Sales Load (“Surrender Charge”)

Transaction Charges

In addition to surrender charges, you may also be charged for other transactions, such as when you exceed more than 12 unscheduled partial surrenders in a contract year or you make more than one unscheduled transfer in a contract year.

7. CHARGES – Transaction Fees

FEES AND EXPENSES

LOCATION IN EXPANDED

PROSPECTUS

Ongoing Fees and Expenses

(annual charges)

The following part of the table describes the fees and expenses that you may pay each year, depending on the options you choose. Please refer to your data page for information about the specific fees you will pay each year based on the options you have selected.

ANNUAL FEE

MINIMUM

MAXIMUM

LOCATION IN EXPANDED PROSPECTUS

1. Base contract1

For applications signed on or after May 1, 2018

For applications signed on or after April 6, 2017 and before May 1, 2018

For applications signed before April 6, 2017

0.75%

1.00%

1.15%

7. CHARGES – Base Contract Annual Expenses

2. Investment options (underlying mutual fund fees and expenses)2

0.48%

2.02%

APPENDIX A in this Updating Summary Prospectus - INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT

3. Optional death benefit available for an additional charge3

0.35%

0.45%

7. CHARGES

Lowest and Highest Annual Cost Table

Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, this table shows the lowest and highest cost you could pay each year, based on current charges. This estimate assumes that you do not take withdrawals from the Contract,

which could add surrender charges that substantially increase costs.

LOWEST ANNUAL COST

$1,112

HIGHEST ANNUAL COST

$2,682

Assumes:

● Investment of $100,000

● 5% annual appreciation

● Least expensive combination of Base Contract charge and underlying mutual fund fees and expenses

● No optional benefits

● No sales charges

● No additional premium payments, transfers or withdrawals

● Investment of $100,000

● 5% annual appreciation

● Most expensive combination of Base Contract charge, optional benefits, and underlying mutual fund fees and expenses

● No sales charges

● No additional premium payments, transfers or withdrawals

RISKS

LOCATION IN EXPANDED

PROSPECTUS

Risk of Loss

You can lose money by investing in this Contract.

5. PRINCIPAL RISKS OF INVESTING IN THE CONTRACT – Poor Investment Performance

Not a Short-Term Investment

This Contract is not designed for short-term investing and is not appropriate for an investor who needs ready access to cash.

Surrender charges apply for up to five years following your last premium payment (for applications signed on or after April 6, 2017; seven years if signed earlier). These charges will reduce the value of your Contract if you withdraw money during that time.

5. PRINCIPAL RISKS OF INVESTING IN THE CONTRACT – Liquidity Risk

Risks Associated with Investment Options

• An investment in this Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options available under the Contract.

• Each investment option has its own unique risks.

• You should review the prospectuses for the available underlying mutual funds before making an investment decision.

5. PRINCIPAL RISKS OF INVESTING IN THE CONTRACT

Insurance Company Risks

An investment in the Contract is subject to the risks related to the Company. Any obligations, guarantees, or benefits are subject to the claims-paying ability of the Company. More information about the Company, including its financial strength ratings, is available upon request by calling 1-800-852-4450.

5. PRINCIPAL RISKS OF INVESTING IN THE CONTRACT – Insurance Company Risks

RESTRICTIONS

LOCATION IN EXPANDED

PROSPECTUS

Investments

•Limitations on Transfers – We reserve the right to charge you for each unscheduled transfer after the first unscheduled transfer in a contract year. We also reserve the right to limit transfers in circumstances where frequent transfers have been made.

•Removal or Substitution of Underlying Mutual Funds - We reserve the right to remove, close or substitute the underlying mutual funds that are available as investment options under the Contract.

8. GENERAL DESCRIPTION OF THE CONTRACT – Frequent Transfers among Divisions

8. GENERAL DESCRIPTION OF THE CONTRACT – Contract or Registrant Changes

Optional Benefits

For applications signed on or after April 6, 2017, the following optional riders were available:

For applications signed before April 6, 2017, the following optional riders were available:

Return of Premium Death Benefit; and

Annual Step-Up Death Benefit

Liquidity Max (“No Surrender Charge Rider;”)

Return of Premium Death Benefit; and

Annual Step-Up Death Benefit

10. BENEFITS AVAILABLE UNDER THE CONTRACT - Optional Death Benefit Riders

10. BENEFITS AVAILABLE UNDER THE CONTRACT - Liquidity Max

TAXES

LOCATION IN EXPANDED PROSPECTUS

Tax Implications

• You should consult with a tax professional to determine the tax implications of an investment in, withdrawals from and surrenders of this Contract.

• If you purchase the Contract through a tax-qualified plan or individual retirement account (IRA), such plan or IRA already provides tax deferral under the Code and there are fees and charges in an annuity that may not be included in such other investments. The tax deferral of the annuity does not provide any additional tax benefits for such a plan or IRA.

• Premiums that are made on a pre-tax basis and earnings on your Contract are taxed at ordinary income tax rates when you withdraw them. You also may have to pay a 10% penalty tax if you take a withdrawal before age 59½.

13. TAXES

CONFLICTS OF INTEREST

LOCATION IN EXPANDED PROSPECTUS

Financial Professional Compensation

Your financial professional may receive compensation in the form of commissions for selling this Contract to you. Your financial professional may have a financial incentive to offer or recommend this Contract over another investment.

16. ADDITIONAL INFORMATION ABOUT THE CONTRACT – Payments to Financial Intermediaries

Exchanges

Your financial professional may have a financial incentive to offer you a new contract in place of the one you own. You should only consider exchanging your Contract if you determine, after comparing the features, fees, and risks of both contracts, that it is in your best interest to purchase the new contract rather than continuing to own your existing Contract.

16. ADDITIONAL INFORMATION ABOUT THE CONTRACT – Payments to Financial Intermediaries

The expense and performance information below reflects fees and expenses of the underlying mutual funds, but does not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these charges were included. Each underlying mutual fund’s past performance is not necessarily an indication of future performance.


Type	Portfolio Advisor/Sub-advisor	Current Expenses (Net)	Average Annual Total Returns (as of 12/31/21)
			1 year	5 year	10 year
Asset Allocation	American Funds Insurance Series – Asset Allocation Fund (1) – Class 4 Shares Capital Research and Management Company	0.80%	14.84%	11.43%	11.10%
Asset Allocation	American Funds Insurance Series - Managed Risk Asset Allocation Fund (1)(3) – Class P2 Shares Capital Research and Management Company through a sub-advisory agreement with Milliman Financial Risk Management LLC	0.90% (2)	12.50%	8.94%
Asset Allocation	BlackRock Global Allocation V.I. Fund (1) – Class III BlackRock Investment Management, LLC.	1.00% (2)	6.42%	9.71%	7.68%
Asset Allocation	Fidelity VIP Freedom 2020 Portfolio (1)(3) – Service Class 2 FMR Co., Inc.	0.75%	9.26%	10.41%	8.98%
Asset Allocation	Fidelity VIP Freedom 2030 Portfolio (1)(3) – Service Class 2 FMR Co., Inc.	0.82%	12.07%	12.48%	10.81%
Asset Allocation	Fidelity VIP Freedom 2040 Portfolio (1)(3) – Service Class 2 FMR Co., Inc.	0.90%	17.50%	14.72%	12.39%
Asset Allocation	Fidelity VIP Freedom 2050 Portfolio (1)(3) – Service Class 2 FMR Co., Inc.	0.90%	17.51%	14.72%	12.55%
Asset Allocation	Franklin Templeton VIP Trust - Franklin Income VIP Fund (1) – Class 4 Franklin Advisers, Inc.	0.82%	16.59%	7.34%	7.27%


Type	Portfolio Advisor/Sub-advisor	Current Expenses (Net)	Average Annual Total Returns (as of 12/31/21)
			1 year	5 year	10 year
Asset Allocation	Invesco V.I. Balanced-Risk Allocation Fund (1)(3) – Series II Shares Invesco Advisors, Inc.	1.13% (2)	9.26%	7.18%	5.99%
Asset Allocation	Janus Henderson Series Balanced Portfolio (1) – Service Shares Janus Capital Management LLC	0.86%	16.91%	14.10%	11.53%
Asset Allocation	PIMCO VIT All Asset Portfolio (1)(3) – Advisor Class Research Affiliates, LLC through a sub-advisory agreement with Pacific Investment Management Company LLC (PIMCO)	1.34% (2)	16.04%	8.45%	5.91%
Asset Allocation	Principal VCF Diversified Balanced Managed Volatility Account (1)(3) – Class 2 Principal Management Corporation	0.57%	9.94%	9.21%
Asset Allocation	Principal VCF Diversified Growth Managed Volatility Account (1)(3) – Class 2 Principal Management Corporation	0.60%	13.70%	10.93%
Asset Allocation	Principal VCF Principal LifeTime 2020 Account (3) – Class 1 (closed to new investors with an application signature date of 6/8/19 and later) Principal Global Investors, LLC	0.55%	9.17%	9.63%	8.83%
Asset Allocation	Principal VCF Principal LifeTime 2030 Account (3) – Class 1 (closed to new investors with an application signature date of 6/8/19 and later) Principal Global Investors, LLC	0.59%	12.79%	11.68%	10.25%
Asset Allocation	Principal VCF Principal LifeTime 2040 Account (3) – Class 1 (closed to new investors with an application signature date of 6/8/19 and later) Principal Global Investors, LLC	0.65%	15.29%	13.18%	11.41%
Asset Allocation	Principal VCF Principal LifeTime 2050 Account (3) – Class 1 (closed to new investors with an application signature date of 6/8/19 and later) Principal Global Investors, LLC	0.66%	17.02%	14.00%	12.00%


Type	Portfolio Advisor/Sub-advisor	Current Expenses (Net)	Average Annual Total Returns (as of 12/31/21)
			1 year	5 year	10 year
Asset Allocation	Principal VCF Strategic Asset Management (“SAM”) Portfolios – Balanced Portfolio (1)(3) – Class 2 Edge Asset Management, Inc.	1.02%	13.39%	10.40%	9.29%
Asset Allocation	Principal VCF Strategic Asset Management (“SAM”) Portfolios – Conservative Balanced Portfolio (1)(3) – Class 2 Edge Asset Management, Inc.	1.02%	9.48%	8.15%	7.35%
Asset Allocation	Principal VCF Strategic Asset Management (“SAM”) Portfolios – Conservative Growth Portfolio (1)(3) – Class 2 Edge Asset Management, Inc.	1.02%	17.44%	12.75%	11.13%
Asset Allocation	Principal VCF Strategic Asset Management (“SAM”) Portfolios – Flexible Income Portfolio (1)(3) – Class 2 Edge Asset Management, Inc.	0.98%	6.61%	6.39%	6.04%
Asset Allocation	Principal VCF Strategic Asset Management (“SAM”) Portfolios – Strategic Growth Portfolio (1)(3) – Class 2 Edge Asset Management, Inc.	1.04%	19.54%	14.23%	12.36%
Asset Allocation	TOPS® Aggressive Growth ETF Portfolio (1)(3) – Investor Class Shares Milliman Financial Risk Management, LLC through a sub-advisory agreement with ValMark Advisers, Inc.	0.80%	19.11%	12.14%
Asset Allocation	TOPS® Balanced ETF Portfolio (1)(3) – Investor Class Shares Milliman Financial Risk Management, LLC through a sub-advisory agreement with ValMark Advisers, Inc.	0.81%	9.34%	7.30%
Asset Allocation	TOPS® Conservative ETF Portfolio (1)(3) – Investor Class Shares Milliman Financial Risk Management, LLC through a sub-advisory agreement with ValMark Advisers, Inc.	0.83%	6.27%	5.57%
Asset Allocation	TOPS® Growth ETF Portfolio (1)(3) – Investor Class Shares Milliman Financial Risk Management, LLC through a sub-advisory agreement with ValMark Advisers, Inc.	0.80%	16.30%	10.84%


Type	Portfolio Advisor/Sub-advisor	Current Expenses (Net)	Average Annual Total Returns (as of 12/31/21)
			1 year	5 year	10 year
Asset Allocation	TOPS® Moderate Growth ETF Portfolio (1)(3) – Investor Class Shares Milliman Financial Risk Management, LLC through a sub-advisory agreement with ValMark Advisers, Inc.	0.80%	12.57%	9.19%
Commodities	PIMCO VIT CommodityRealReturn® Strategy Portfolio (1)(3) – M Class Pacific Investment Management Company LLC (PIMCO)	1.23% (2)	1.08%	2.35%
Commodities	Rydex VI Commodities Strategy Fund Security Investors, LLC, which operates under the name of Guggenheim Investments	1.76% (2)	39.52%	1.95%	-6.57%
Convertibles	EQ Advisors Trust 1290 VT Convertible Securities Portfolio (1) – Class IB FMG LLC	0.96% (2)	1.04%	13.77%
Diversified Emerging Markets	American Funds Insurance Series - New World Fund (1) – Class 4 Shares Capital Research and Management Company	1.07% (2)	4.63%	12.96%	8.41%
Diversified Emerging Markets	Principal VCF Global Emerging Markets Account (9) – Class 1 (closed to new investors with an application signature date of 6/8/19 and later) Principal Global Investors, LLC	1.08%	0.58%	9.42%	5.03%
Emerging Markets Bond	PIMCO VIT Emerging Markets Bond Portfolio (1) – Administrative Class Pacific Investment Management Company LLC (PIMCO)	1.02%	-2.56%	4.55%	4.41%
Equity Energy	Fidelity VIP Energy Portfolio – Service Class 2 (1)(4) FMR Co., LLC	0.90%	54.83%	-3.55%	0.02%
Foreign Large Blend	American Funds Insurance Series - Managed Risk International Fund (1)(3) – Class P2 Shares Capital Research and Management Company through a sub-advisory agreement with Milliman Financial Risk Management LLC	1.10% (2)	-4.13%	5.95%


Type	Portfolio Advisor/Sub-advisor	Current Expenses (Net)	Average Annual Total Returns (as of 12/31/21)
			1 year	5 year	10 year
Foreign Large Blend	Calvert VP EAFE International Index Portfolio (1) – Class F Calvert Research and Management	0.68% (2)	10.66%	9.08%	7.18%
Foreign Large Blend	Fidelity VIP Overseas Portfolio (1) – Service Class 2 Fidelity Management & Research Company	1.02%	19.39%	14.15%	10.55%
Foreign Large Blend	Principal VCF Diversified International Account – Class 1 (closed to new investors with an application signature date of 6/8/19 and later) Principal Global Investors, LLC	0.90%	9.75%	10.73%	8.49%
Foreign Large Growth	Invesco V.I. EQV International Equity Fund (1)(10) – Series II Shares Invesco Advisers, Inc.	1.14%	5.61%	9.90%	7.82%
Foreign Large Value	MFS® International Intrinsic Value Portfolio (1) – Service Class Massachusetts Financial Services Company	1.14% (2)	10.28%	13.78%	12.16%
Global Real Estate	Franklin Templeton VIP Trust – Franklin Global Real Estate VIP Fund (1) – Class 2 Franklin Templeton Institutional, LLC	1.25% (2)	26.79%	8.62%	8.65%
Health	Fidelity VIP Health Care Portfolio – Service Class 2 (1)(4) FMR Co., LLC	0.88%	11.45%
Health	Invesco V.I. Health Care Fund (1)(6) – Series II Shares (closed to new investors with an application signature date of 6/4/2022 and later) Invesco Advisers, Inc.	1.22%	12.05%	14.48%	13.68%
High Yield Bond	PIMCO VIT High Yield Portfolio (1) – Administrative Class Pacific Investment Management Company LLC (PIMCO)	0.77%	3.63%	5.46%	6.07%
Inflation-Protected Bond	American Century VP Inflation Protection Fund (1) – Class II American Century Investment Management, Inc.	0.71%	6.27%	5.01%	2.82%


Type	Portfolio Advisor/Sub-advisor	Current Expenses (Net)	Average Annual Total Returns (as of 12/31/21)
			1 year	5 year	10 year
Intermediate Government	Franklin Templeton VIP Trust – Franklin U.S. Government Securities VIP Fund (1) – Class 2 Franklin Advisers, Inc.	0.78%	-1.83%	1.75%	1.28%
Intermediate Government	Principal VCF Government & High Quality Bond Account – Class 1 (closed to new investors with an application signature date of 6/8/19 and later) Edge Asset Management, Inc.	0.51%	-1.32%	2.13%	2.11%
Intermediate-Term Bond	Calvert VP Investment Grade Bond Index Portfolio (1) – Class F Ameritas Investment Partners, Inc. through a sub-advisory agreement with Calvert Research and Management	0.57% (2)	-2.08%	3.07%	2.44%
Intermediate-Term Bond	Janus Henderson Series Flexible Bond Portfolio (1) – Service Shares Janus Capital Management LLC	0.82% (2)	-1.11%	3.98%	3.43%
Intermediate-Term Bond	PIMCO VIT Total Return Portfolio (1) – Administrative Class Pacific Investment Management Company LLC (PIMCO)	0.65%	-1.27%	3.94%	3.43%
Intermediate-Term Bond	Principal VCF Core Plus Bond Account – Class 1 (closed to new investors with an application signature date of 6/8/19 and later) Principal Global Investors, LLC	0.49%	-0.45%	4.35%	3.70%
Large Blend	DWS Equity 500 Index VIP (1) – Class B2 (closed to new investors with an application signature date of 6/8/19 and later) DWS Investment Management Americas Inc. and Northern Trust Investment, Inc.	0.65% (2)	27.86%	17.71%	15.80%
Large Blend	EQ Advisors Trust 1290 VT Socially Responsible Portfolio (1) – Class IB FMG LLC	0.90%	30.29%	18.59%	16.53%
Large Blend	Franklin Templeton VIP Trust – Franklin Rising Dividends VIP Fund (1) – Class 4 Frankin Advisers, Inc.	0.98%	26.63%	16.69%	14.28%


Type	Portfolio Advisor/Sub-advisor	Current Expenses (Net)	Average Annual Total Returns (as of 12/31/21)
			1 year	5 year	10 year
Large Blend	Principal VCF LargeCap S&P 500 Index Account (1) – Class 2 Principal Global Investors, LLC	0.49%	28.05%	17.85%	15.92%
Large Blend	Principal VCF Principal Capital Appreciation Account (1) – Class 2 Edge Asset Management, Inc.	0.88%	27.50%	18.28%	15.78%
Large Blend	Principal VCF U.S LargeCap Buffer July Account – Class 2 (1)(3)(7)(11) Principal Global Investors, LLC	0.98% (2)	N/A (11)	N/A (11)	N/A (11)
Large Growth	American Funds Insurance Series - Managed Risk Growth Fund (1)(3) – Class P2 Shares Capital Research and Management Company through a sub-advisory agreement with Milliman Financial Risk Management LLC	0.94% (2)	12.89%	17.90%
Large Growth	Fidelity VIP Contrafund® Portfolio (1) – Service Class 2 Fidelity Management & Research Company	0.85%	27.51%	19.87%	16.35%
Large Growth	Neuberger Berman AMT Sustainable Equity Portfolio (1) – S Class Shares Neuberger Berman LLC	1.16%	23.16%	15.43%	14.11%
Large Growth	Principal VCF Blue Chip Account (1) - Class 3 Principal Global Investors, LLC	1.05% (2)	24.72%
Large Growth	Principal VCF LargeCap Growth Account I – Class 1 (closed to new investors with an application signature date of 6/8/19 and later) T. Rowe Price Associates, Inc./Brown Advisory, LLC	0.66% (2)	21.89%	25.41%	19.27%
Large Growth	Calvert VP Nasdaq 100 Index Portfolio (1)(4) – Class F Ameritas Investment Partners, Inc. through a sub-advisory agreement with Calvert Research and Management	0.73% (2)	26.55%	27.68%	22.26%


Type	Portfolio Advisor/Sub-advisor	Current Expenses (Net)	Average Annual Total Returns (as of 12/31/21)
			1 year	5 year	10 year
Large Growth	Rydex VI NASDAQ 100 Fund (6) (closed to new investors with an application signature date of 6/4/2022 and later) Security Investors, LLC, which operates under the name of Guggenheim Investments	1.65% (2)	25.54%	26.24%	21.11%
Large Growth	T. Rowe Price Blue Chip Growth Portfolio (1) – II T. Rowe Price Associates, Inc.	1.00% (2)	17.33%	22.95%	18.93%
Large Value	American Century VP Value Fund (1) – Class II American Century Investment Management, Inc.	0.88% (2)	24.28%	9.39%	11.88%
Large Value	American Funds Insurance Series – Washington Mutual Investors Fund (1) – Class 4 Shares Capital Research and Management Company	0.77% (2)	27.51%	12.22%	13.53%
Large Value	Principal VCF Equity Income Account (1) – Class 2 Edge Asset Management, Inc.	0.72%	22.15%	13.83%	13.03%
Market Neutral	The Merger Fund VL Virtus Investment Advisers, Inc.	1.50% (2)	1.08%	4.83%	3.33%
Mid-Cap Blend	BNY Mellon IP MidCap Stock Portfolio (1) – Service Shares BNY Mellon Investment Adviser, Inc. through a sub-advisory agreement with Mellon Investments Corporation.	1.05% (2)	25.56%	9.50%	12.25%
Mid-Cap Blend	Calvert VP S&P MidCap 400 Index Portfolio (1) – Class F Ameritas Investment Partners, Inc. through a sub-advisory agreement with Calvert Research and Management	0.53% (2)	24.17%	12.50%	13.49%
Mid-Cap Growth	Fidelity VIP Mid Cap Portfolio (1) – Service Class 2 Fidelity Management & Research Company	0.86%	25.31%	13.32%	13.00%
Mid-Cap Growth	Neuberger Berman AMT Mid-Cap Growth Portfolio (1) – Class S Neuberger Berman LLC	1.10% (2)	12.72%	19.42%	15.06%


Type	Portfolio Advisor/Sub-advisor	Current Expenses (Net)	Average Annual Total Returns (as of 12/31/21)
			1 year	5 year	10 year
Mid-Cap Growth	Principal VCF MidCap Account (1) – Class 2 Principal Global Investors, LLC	0.78%	25.20%	19.74%	17.30%
Mid-Cap Value	DWS Small Mid Cap Value VIP (1) – Class B DWS Investment Management Americas Inc.	1.20% (2)	30.04%	7.47%	10.12%
Mid-Cap Value	Goldman Sachs VIT – Goldman Sachs Mid Cap Value Fund (1) – Service Shares Goldman Sachs Asset Management, L.P.	1.09% (2)	30.57%	12.89%	12.79%
Money Market	Fidelity VIP Government Money Market Portfolio (1) – Service Class 2 Fidelity Management & Research Company	0.48%	0.01%	0.76%	0.39%
Multialternative	BlackRock 60/40 Target Allocation ETF V.I. Fund (1) – Class III BlackRock Advisors LLC	0.63% (2)	11.70%	10.99%
Multialternative	DWS Alternative Asset Allocation VIP (1)(3) – Class B RREEF America L.L.C. through a sub-advisory agreement with DWS Investment Management Americas Inc.	1.26%	12.35%	5.59%	3.89%
Multialternative	Goldman Sachs VIT – Goldman Sachs Multi-Strategy Alternatives Portfolio (1)(3) – Service Shares Goldman Sachs Asset Management, L.P.	1.25% (2)	4.84%	3.61%
Multialternative	Guggenheim Investments VIF Global Managed Futures Strategy Fund Security Investors, LLC, which operates under the name of Guggenheim Investments	1.77% (2)	0.82%	2.06%	-0.52%
Multialternative	Guggenheim Investments VIF Long Short Equity Fund Security Investors, LLC, which operates under the name of Guggenheim Investments	1.60%	23.80%	6.51%	5.83%
Multialternative	Guggenheim Investments VIF Multi-Hedge Strategies Fund Security Investors, LLC, which operates under the name of Guggenheim Investments	2.02% (2)	8.10%	3.71%	2.83%


Type	Portfolio Advisor/Sub-advisor	Current Expenses (Net)	Average Annual Total Returns (as of 12/31/21)
			1 year	5 year	10 year
Multisector Bond	Guggenheim Investments VIF (1) – Series F (Guggenheim Floating Rate Strategies Series) Guggenheim Partners Investment Management, LLC d/b/a Guggenheim Investments	1.17% (2)	2.50%	2.51%
Natural Resources	Rydex VI Basic Materials Fund Security Investors, LLC, which operates under the name of Guggenheim Investments	1.69%	22.94%	12.38%	7.88%
Natural Resources	VanEck VIP Trust – VanEck VIP Global Hard Assets Fund (1) – Class S Shares Van Eck Associates Corporation	1.34%	18.92%	2.24%	-0.12%
Natural Resources	VanEck VIP Trust – VanEck VIP Global Gold Fund – Class S Shares (1)(4) Van Eck Associates Corporation	1.45% (2)	-14.01%	9.25%
Real Estate	Principal VCF Real Estate Securities Account (1) – Class 2 Principal Real Estate Investors, LLC	1.04%	40.04%	12.95%	12.49%
Short-Term Fixed Income	Columbia VP – Limited Duration Credit Fund (1) – Class 2 Columbia Management Investment Advisors, LLC	0.70% (2)	-0.84%	2.75%	2.38%
Short-Term Fixed Income	PIMCO VIT Low Duration Portfolio (1) – Advisor Class Pacific Investment Management Company LLC (PIMCO)	0.75%	-1.03%	1.44%	1.49%
Short-Term Fixed Income	Principal VCF Short-Term Income Account – Class 1 (closed to new investors with an application signature date of 6/8/19 and later) Edge Asset Management, Inc.	0.47%	-0.72%	2.13%	2.13%
Small Blend	Calvert VP Russell 2000 Small Cap Index Portfolio (1) – Class F Ameritas Investment Partners, Inc. through a sub-advisory agreement with Calvert Research and Management	0.59% (2)	14.30%	11.46%	12.45%


Type	Portfolio Advisor/Sub-advisor	Current Expenses (Net)	Average Annual Total Returns (as of 12/31/21)
			1 year	5 year	10 year
Small Blend	Goldman Sachs VIT – Goldman Sachs Small Cap Equity Insights Fund (1) – Service Shares Goldman Sachs Asset Management, L.P.	1.06% (2)	23.50%	11.06%	12.65%
Small Blend	Principal VCF SmallCap Account (1) – Class 2 Principal Global Investors, LLC	1.07%	19.86%	13.18%	14.37%
Small Growth	ClearBridge Variable Small Cap Growth Portfolio (1) – Class II Shares ClearBridge Investments, LLC through a sub-advisory agreement with Legg Mason Partners Fund Advisor, LLC	1.05%	12.31%	21.04%	16.82%
Small Growth	EQ Advisors Trust 1290 VT Micro Cap Portfolio (1) – Class IB FMG LLC	1.15% (2)	10.96%	20.86%
Small Growth	MFS® New Discovery Series (1) – Service Class Massachusetts Financial Services Company (MFS)	1.12% (2)	1.57%	21.00%	15.87%
Small Value	BlackRock Advantage SMID Cap V.I. Fund (1) – Class III BlackRock Investment Management, LLC.	0.80% (2)	13.35%	13.14%	13.69%
Small Value	Columbia VP – Small Cap Value Fund (1) – Class 2 Columbia Management Investment Advisors, LLC	1.22%	28.80%	9.56%	11.67%
Small Value	EQ Advisors Trust 1290 VT GAMCO Small Company Value Portfolio (1) – Class IB FMG LLC	1.05%	25.15%	10.62%	12.52%
Technology	Janus Henderson Series Global Technology and Innovation Portfolio (1) – Service Shares Janus Capital Management LLC	0.97%	17.75%	30.32%	22.96%
Utilities	MFS® Utilities Series (1) – Service Class Massachusetts Financial Services Company	1.03% (2)	13.82%	11.61%	9.65%
World Bond	Franklin Templeton VIP Trust – Templeton Global Bond VIP Fund (1) – Class 4 Franklin Advisers, Inc	0.86% (2)	-5.01%	-1.03%	1.04%

Type

Portfolio

Advisor/Sub-advisor

Current Expenses (Net)

Average Annual Total Returns

(as of 12/31/21)

1 year

5 year

10 year

World Large Stock

EQ Advisors Trust 1290 VT Smartbeta Equity ESG Portfolio (1)(8) – Class IB

FMG LLC

1.10% (2)

23.08%

14.65%

World Large Stock

Janus Henderson Global Sustainable Equity Portfolio (1)(4)(5) – Service Shares

Janus Henderson Investors US LLC

1.18% (2)

N/A (5)

World Stock

ALPS/Red Rocks Global Opportunity Portfolio (1) – Class III

ALPS Advisors/Red Rocks Capital LLC.

1.75% (2)

23.93%

15.66%

World Stock

American Funds Insurance Series – Global Small Capitalization Fund (1) – Class 4 Shares

Capital Research and Management Company

1.15% (2)

6.43%

15.16%

12.24%


1			This fee reflects the Mortality and Expense Risks Charge and Administration Charge. We assess each division with a daily charge. The annual rate of the charge is the percentage of the average daily net assets of the Separate Account divisions.


2			As a percentage of the average net underlying mutual fund assets.


3			Quarterly charge as a percentage of the average quarterly accumulated value.