497 1 d492621d497.txt METLIFE METFLEX COLI SUPPLEMENT DATED FEBRUARY 21, 2018 SUPPLEMENT DATED FEBRUARY 21, 2018 TO PROSPECTUS DATED MAY 1, 2017 (AS SUPPLEMENTED) FOR FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE POLICIES ISSUED BY METROPOLITAN LIFE INSURANCE COMPANY THROUGH ITS METROPOLITAN LIFE SEPARATE ACCOUNT UL THIS SUPPLEMENT UPDATES CERTAIN INFORMATION CONTAINED IN YOUR PROSPECTUS DATED MAY 1, 2017 (AS SUPPLEMENTED) FOR THE METFLEX POLICIES ISSUED BY METROPOLITAN LIFE INSURANCE COMPANY. PLEASE READ IT CAREFULLY AND KEEP IT WITH YOUR PROSPECTUS FOR FUTURE REFERENCE. As of February 27, 2018, the following Investment Divisions ("Divisions") will no longer be available for subsequent premium payments or transfers. All references in the prospectus to the Divisions listed below are deleted: AB Variable Products Series Fund, Inc. - AP VPS International Value Portfolio - Class A AIM Variable Insurance Funds - Invesco V.I. Government Securities Fund - Series II American Century Variable Portfolios, Inc. - VP Capital Appreciation Fund - Class I Brighthouse Funds Trust II - Brighthouse Asset Allocation 80 Portfolio - Class B Fidelity Variable Insurance Products - Freedom 2010 Portfolio - Initial Class Fidelity Variable Insurance Products - Freedom 2015 Portfolio - Initial Class Fidelity Variable Insurance Products - Freedom 2030 Portfolio - Initial Class Oppenheimer Variable Account Funds - Oppenheimer Main Street Small Cap Fund/VA - Non-Service Shares Trust for Advised Portfolios - 1919 Variable Socially Responsive Balanced Fund