497 1 d666244d497.txt MLIC METFLEX SUBADVISER CHANGE SUPPLEMENT METROPOLITAN LIFE INSURANCE COMPANY METROPOLITAN LIFE SEPARATE ACCOUNT UL PROSPECTUS SUPPLEMENT DATED FEBRUARY 3, 2014 This supplement describes changes affecting the investment options offered under the METFLEX Flexible Premium Variable Life Insurance Policy. The names, investment subadvisers, and investment objectives of the portfolios identified below have changed. Accordingly, the prospectus is hereby revised to incorporate the following information. MET INVESTORS SERIES TRUST -------------------------- BLACKROCK LARGE CAP CORE PORTFOLIO Wellington Management Company, LLP has replaced BlackRock Advisors, LLC as the subadviser to the BlackRock Large Cap Core Portfolio and the name of the portfolio has changed to the WMC LARGE CAP RESEARCH PORTFOLIO. In addition, the portfolio's investment objective has changed to "Long-term capital appreciation." LORD ABBETT MID CAP VALUE PORTFOLIO Invesco Advisers, Inc. has replaced Lord, Abbett & Co. LLC as the subadviser to the Lord Abbett Mid Cap Value Portfolio and the name of the portfolio has changed to the INVESCO MID CAP VALUE PORTFOLIO. In addition, the portfolio's investment objective has changed to "High total return by investing in equity securities of mid-sized companies." METROPOLITAN SERIES FUND ------------------------ BLACKROCK DIVERSIFIED PORTFOLIO Wellington Management Company, LLP has replaced BlackRock Advisors, LLC as the subadviser to the BlackRock Diversified Portfolio and the name of the portfolio has changed to the WMC BALANCED PORTFOLIO. In addition, the portfolio's investment objective has changed to "Long-term capital appreciation with some current income." DAVIS VENTURE VALUE PORTFOLIO Wellington Management Company, LLP has replaced Davis Selected Advisers, L.P. as the subadviser to the Davis Venture Value Portfolio and the name of the portfolio has changed to the WMC CORE EQUITY OPPORTUNITIES PORTFOLIO. In addition, the portfolio's investment objective has changed to "Seeks to provide a growing stream of income over time and, secondarily, long-term capital appreciation and current income." THIS SUPPLEMENT SHOULD BE READ AND RETAINED FOR FUTURE REFERENCE