0001193125-11-344304.txt : 20111219 0001193125-11-344304.hdr.sgml : 20111219 20111216192239 ACCESSION NUMBER: 0001193125-11-344304 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20111219 DATE AS OF CHANGE: 20111216 EFFECTIVENESS DATE: 20111219 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLI VUL 2 SERIES ACCOUNT CENTRAL INDEX KEY: 0001075796 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-70963 FILM NUMBER: 111267729 BUSINESS ADDRESS: STREET 1: 8515 EAST ORCHARD RD CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: 303-737-3000 MAIL ADDRESS: STREET 1: 8515 EAST ORCHARD RD STREET 2: 2T3 CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 0001075796 S000011535 COLI VUL 2 SERIES ACCOUNT C000031797 COLI VUL 2 SERIES ACCOUNT 497 1 d270045d497.htm COLI VUL 2 SERIES ACCOUNT COLI VUL 2 Series Account

Rule 497(e)

File Nos. 333-70963 and 811-09201

Key Business VUL – Prospectus

A Flexible Premium Variable Universal Life Insurance Policy

Offered by Great-West Life & Annuity Insurance Company

In connection with its COLI VUL-2 Series Account

SUPPLEMENT Dated December 19, 2011

To the Prospectus dated May 1, 2011

Effective immediately, the sixth sentence of the Fund Description for the PIMCO VIT High Yield Portfolio (Administrative Shares) on page 31 of the Prospectus is deleted in its entirety and replaced with the following:

“The average portfolio duration of this Portfolio normally varies within two years (plus or minus) of the portfolio duration of the securities comprising the BofA Merrill Lynch U.S. High Yield, BB-B Rated, Constrained Index, as calculated by PIMCO, which as of October 31, 2011 was 3.87 years.”

In addition, effective immediately, the last sentence of the first paragraph of the Fund Description for the PIMCO VIT Real Return Portfolio (Administrative Shares) on page 32 of the Prospectus is deleted in its entirety and replaced with the following:

“The effective duration of this Portfolio normally varies within three years (plus or minus) of the effective portfolio duration of the securities comprising the Barclays Capital U.S. TIPS Index, as calculated by PIMCO, which as of October 31, 2011 was 6.57 years.”

In addition, effective immediately, the third sentence of the first paragraph of the Fund Description for the PIMCO VIT Total Return Portfolio (Administrative Shares) on page 32 of the Prospectus is deleted in its entirety and replaced with the following:

“The average portfolio duration of this Portfolio normally varies within two years (plus or minus) of the portfolio duration of the securities comprising the Barclays Capital U.S. Aggregate Index, as calculated by PIMCO, which as of October 31, 2011 was 4.71 years.”

This Supplement must be accompanied by or read in conjunction with the current Prospectus, dated May 1, 2011. Please keep this supplement for future reference.

Rule 497(e)

File Nos. 333-70963 and 811-09201

Key Business VUL II – Prospectus

A Flexible Premium Variable Universal Life Insurance Policy

Offered by Great-West Life & Annuity Insurance Company

In connection with its COLI VUL-2 Series Account

SUPPLEMENT Dated December 19, 2011

To the Prospectus dated May 1, 2011

Effective immediately, the sixth sentence of the Fund Description for the PIMCO VIT High Yield Portfolio (Administrative Shares) on page 25 of the Prospectus is deleted in its entirety and replaced with the following:

“The average portfolio duration of this Portfolio normally varies within two years (plus or minus) of the portfolio duration of the securities comprising the BofA Merrill Lynch U.S. High Yield, BB-B Rated, Constrained Index, as calculated by PIMCO, which as of October 31, 2011 was 3.87 years.”

In addition, effective immediately, the last sentence of the first paragraph of the Fund Description for the PIMCO VIT Real Return Portfolio (Administrative Shares) on page 26 of the Prospectus is deleted in its entirety and replaced with the following:

“The effective duration of this Portfolio normally varies within three years (plus or minus) of the effective portfolio duration of the securities comprising the Barclays Capital U.S. TIPS Index, as calculated by PIMCO, which as of October 31, 2011 was 6.57 years.”

In addition, effective immediately, the third sentence of the first paragraph of the Fund Description for the PIMCO VIT Total Return Portfolio (Administrative Shares) on page 26 of the Prospectus is deleted in its entirety and replaced with the following:

“The average portfolio duration of this Portfolio normally varies within two years (plus or minus) of the portfolio duration of the securities comprising the Barclays Capital U.S. Aggregate Index, as calculated by PIMCO, which as of October 31, 2011 was 4.71 years. Duration is a measure of the expected life of a fixed income security that is used to determine the sensitivity of a security’s price to changes in interest rates.”

This Supplement must be accompanied by or read in conjunction with the current Prospectus, dated May 1, 2011. Please keep this supplement for future reference.