497 1 d497.txt METFLEX SUPPLEMENT METROPOLITAN LIFE INSURANCE COMPANY METROPOLITAN LIFE SEPARATE ACCOUNT UL METFLEX FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE POLICIES SUPPLEMENT DATED NOVEMBER 20, 2008 TO THE PROSPECTUS DATED APRIL 28, 2008 This supplement corrects certain information in the prospectus for your MetFlex Flexible Premium Variable Life Insurance Policy dated April 28, 2008. You should read and retain this supplement. The following section of the Transaction Fees table on page 8 of the prospectus is corrected to read as follows:
WHEN CHARGE MAXIMUM AMOUNT CHARGE IS DEDUCTED CURRENT AMOUNT DEDUCTED WE CAN DEDUCT -------------- --------------------- --------------------------- --------------- Administrative On payment of premium Up to 1.05% of each premium Same as Current Charge payment. Amount We reduce the charge to 0.05% on the portion of any premiums paid in a Policy year above the annual target premium./3/
In the Transaction Fees table on page 9 of the prospectus, the Interim Term Insurance Benefit "Charge for unisex, issue age 45, nonsmoker, Guaranteed Issue underwriting class" for Policies issued before 1/1/09 and on or after 1/1/09 is $.16 per $1,000 of the term insurance amount rather than $.12 per $1,000 of the term insurance amount. The following replaces the corresponding paragraph on page 47 of the prospectus: ADMINISTRATIVE CHARGE: We incur expenses in the administration of the Policy, including our underwriting and start-up expenses. We deduct up to 1.05% (currently, this deduction is .55% in Policy years 1 to 10) of each premium payment primarily to cover this expense, up to a total of payments in any Policy year equal to the annual target premium, and .05% on any excess payments in any Policy year exceeding that total amount. Our charge will never exceed 1.05%.