0001193125-20-250762.txt : 20200922 0001193125-20-250762.hdr.sgml : 20200922 20200922092330 ACCESSION NUMBER: 0001193125-20-250762 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200922 DATE AS OF CHANGE: 20200922 EFFECTIVENESS DATE: 20200922 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: 201188044 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 CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 0001075796 S000011535 COLI VUL 2 SERIES ACCOUNT C000031797 COLI VUL 2 SERIES ACCOUNT 497 1 d64153d497.htm 497 497

Rule 497(e)

File Nos. 333-70963 and 811-09201

Executive Benefit VUL II – Prospectus

Executive Benefit 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 September 22, 2020 to the Prospectus and

Statement of Additional Information (“SAI”) dated May 1, 2020

This Supplement amends certain information contained in the Prospectus and SAI dated May 1, 2020.

Effective on or about October 23, 2020 (“Effective Date”), the Great-West Loomis Sayles Small Cap Value Fund will be renamed the Great-West Small Cap Value Fund. Accordingly, as of the Effective Date, all references to Great-West Loomis Sayles Small Cap Value Fund in the Prospectus and SAI are hereby deleted and replaced with Great-West Small Cap Value Fund.

At in-person meetings held on June 10-11, 2020, the Board of Directors of Great-West Funds, Inc. approved an Agreement and Plan of Reorganization that provides for the merger of the Great-West Invesco Small Cap Value Fund (“Acquired Fund”), with and into the Great-West Small Cap Value Fund (“Acquiring Fund”). It is anticipated the merger will be completed on or about October 23, 2020 (the “Merger Date”).

Contract Owners may transfer assets out of the Sub-Account for the Acquired Fund at any time prior to the Merger Date, and any such transfer will not incur a transfer charge and will not count against the annual free transfer limit. Effective as of the close of business October 23, 2020, any assets remaining in the Sub-Account for the Acquired Fund will become invested in the Sub-Account for the Acquiring Fund. Any Owner utilizing a custom transfer feature such as Dollar Cost Averaging or Rebalancer involving the Acquired Fund, and any allocations made to the Sub-Account for the Acquired Fund will be automatically directed to the Sub-Account for the Acquiring Fund.

If you have any questions or would like assistance, please contact the Company toll-free at (888) 353-2654.

This Supplement must be accompanied by, or read in conjunction with,

the current Prospectus and SAI dated May 1, 2020.

Please read this Supplement carefully and retain it for future reference.