497 1 d584572d497.txt METLIFE SEPARATE ACCOUNT UL METROPOLITAN LIFE INSURANCE COMPANY METROPOLITAN LIFE SEPARATE ACCOUNT UL METFLEX FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE POLICIES SUPPLEMENT DATED AUGUST 19, 2013 TO THE PROSPECTUS DATED APRIL 29, 2013 This supplement updates certain information in the prospectus dated April 29, 2013 for the MetFlex flexible premium variable life insurance policy. You should read and retain this supplement. Due to a fund merger effective August 19, 2013, the MFS(R) High Yield Portfolio of the MFS(R) Variable Insurance Trust II has replaced the MFS(R) High Income Series of the MFS(R) Variable Insurance Trust as an investment option under the Policy. The fees and expenses of the MFS(R) High Yield Portfolio for the year ended December 31, 2012 are as follows:
DISTRIBUTION ACQUIRED TOTAL NET TOTAL AND/OR FUND ANNUAL FEE WAIVER ANNUAL MANAGEMENT SERVICE(12B- OTHER FEES AND OPERATING AND/OR EXPENSE OPERATING FUND FEE 1) FEES EXPENSES EXPENSES EXPENSES REIMBURSEMENT EXPENSES ---- ---------- ------------ -------- -------- --------- -------------- --------- MFS(R) VARIABLE INSURANCE TRUST II -- SERVICE CLASS MFS(R) High Yield Portfolio 0.70% 0.25% 0.11% -- 1.06% 0.06% 1.00%
The investment objective and investment adviser of the MFS(R) High Yield Portfolio are as follows:
FUND INVESTMENT OBJECTIVE INVESTMENT ADVISER ---- ------------------------------------------ --------------------------------- MFS(R) VARIABLE INSURANCE TRUST II -- SERVICE CLASS MFS(R) High Yield Portfolio Seeks total return with an emphasis on Massachusetts Financial Services high current income, but also considering Company capital appreciation.