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ASSET ACCUMULATOR
ASSET PORTFOLIO MANAGER
CORPORATE BENEFITS
STRATEGIC INVESTOR
FLEXIBLE PREMIUM VARIABLE UNIVERSAL LIFE INSURANCE POLICIES
issued by
Security Life of Denver Insurance Company
and its
Security Life Separate Account L1
Supplement Effective as of May 1, 2009
This supplement updates certain information contained in your current variable life insurance prospectus
and supplements thereto. Please read it carefully and keep it with your prospectus for future reference.
__________________________________________________________________________
IMPORTANT INFORMATION REGARDING
FUND NAME CHANGES
Effective May 1, 2009, certain of the funds available through the Security Life Separate Account L1 will change their names as follows:
Former Fund Name | Current Fund Name |
| |
ING Columbia Small Cap Value II Portfolio | ING Columbia Small Cap Value Portfolio |
| |
ING Global Real Estate Portfolio | ING Clarion Global Real Estate Portfolio |
| |
ING Julius Baer Foreign Portfolio | ING Artio Foreign Portfolio |
| |
ING Legg Mason Value Portfolio | ING Growth and Income Portfolio II |
| |
ING Lehman Brothers U.S. Aggregate Bond Index® Portfolio | ING U.S. Bond Index Portfolio |
| |
ING Opportunistic LargeCap Value Portfolio 1 | ING Opportunistic LargeCap Portfolio |
| |
ING PIMCO Core Bond Portfolio | ING PIMCO Total Return Bond Portfolio |
| |
ING VP Balanced Portfolio | ING Balanced Portfolio |
| |
ING VP Growth and Income Portfolio | ING Growth and Income Portfolio |
| |
ING VP Index Plus International Equity Portfolio | ING Index Plus International Equity Portfolio |
| |
ING VP Index Plus LargeCap Portfolio | ING Index Plus LargeCap Portfolio |
| |
ING VP Index Plus MidCap Portfolio | ING Index Plus MidCap Portfolio |
| |
ING VP Index Plus SmallCap Portfolio | ING Index Plus SmallCap Portfolio |
| |
ING VP Intermediate Bond Portfolio | ING Intermediate Bond Portfolio |
| |
ING VP MidCap Opportunities Portfolio 1 | ING MidCap Opportunities Portfolio |
| |
ING VP SmallCap Opportunities Portfolio | ING SmallCap Opportunities Portfolio |
| |
ING VP Strategic Allocation Conservative Portfolio 1 | ING Strategic Allocation Conservative Portfolio |
| |
ING VP Strategic Allocation Growth Portfolio 1 | ING Strategic Allocation Growth Portfolio |
| |
ING VP Strategic Allocation Moderate Portfolio 1 | ING Strategic Allocation Moderate Portfolio |
|
1 | On April 28, 2006, the subaccount that invested in this fund was closed to new investors and to new investments by existing investors. |
153353 | Page 1 of 11 | May 2009 |
NOTICE OF UPCOMING FUND MERGERS
Effective July 20, 2009 (the Merger Effective Date), the following Disappearing Funds will merge into and become part of the following Surviving Funds:
Disappearing Funds | Surviving Funds |
| |
ING American Century Large Company Value | |
Portfolio 2 | ING T. Rowe Price Equity Income Portfolio |
| |
ING JPMorgan Value Opportunities Portfolio | ING RussellTM Large Cap Value Index Portfolio |
| |
ING Neuberger Berman Partners Portfolio | ING RussellTM Large Cap Index Portfolio |
| |
ING Oppenheimer Main Street® Portfolio | ING RussellTM Large Cap Index Portfolio |
| |
ING Van Kampen Capital Growth Portfolio | ING RussellTM Large Cap Growth Index Portfolio |
|
Effective August 10, 2009 (the Merger Effective Date), the following Disappearing Funds will merge into and become part of the following Surviving Funds:
Disappearing Funds | Surviving Funds |
| |
ING AllianceBernstein Mid Cap Growth Portfolio | ING RussellTM Mid Cap Growth Index Portfolio |
| |
ING Growth and Income Portfolio II | ING Growth and Income Portfolio |
| |
ING Index Plus International Equity Portfolio | ING International Index Portfolio |
|
IMPORTANT INFORMATION REGARDING THE UPCOMING FUND MERGERS
· Prior to the Merger Effective Date, you may transfer amounts allocated to a subaccount that invests in a Disappearing Fund to any other available subaccount or to the Fixed Account. See the Transfers section of your policy prospectus for information about making subaccount transfers, including applicable restrictions and limits on transfers.
· On the Merger Effective Date, your investment in a subaccount that invests in a Disappearing Fund will automatically become an investment in the subaccount that invests in the corresponding Surviving Fund with an equal total net asset value. Unless you provide us with alternative allocation instructions, all future premiums received that would have been allocated to a subaccount corresponding to a Disappearing Fund will be automatically allocated to the subaccount corresponding to the applicable Surviving Fund. You may give us alternative allocation instructions by contacting our ING Customer Service Center at P.O. Box 5065, Minot, ND 58702-5065, 1-877-253-5050 or www.ingservicecenter.com. See the Transfers section of your policy prospectus for information about making allocation changes.
· After the Merger Effective Date, the subaccounts that invest in the Disappearing Funds will no longer be available through your policy.
· You will not incur any fees or charges or any tax liability because of the mergers, and your policy value immediately before the mergers will equal your policy value immediately after the mergers.
· There will be no further disclosure regarding the Disappearing Funds in future supplements to the policy prospectus.
· Because of the upcoming fund mergers, the following funds will be added, effective May 1, 2009, to your policy as available investment options:
2 | On April 28, 2006, the subaccount that invested in this fund was closed to new investors and to new investments by existing investors. |
153353 | Page 2 of 11 | May 2009 |
IMPORTANT INFORMATION ABOUT THE FUNDS AVAILABLE THROUGH THE POLICY
Effective May 1, 2009, subaccounts which invest in the following funds are available through the policy:
More information about these funds is contained in the tables below.
3 | This fund is structured as a fund of funds. A fund structured as a fund of funds may have higher fees and expenses than a fund that invests directly in debt and equity securities because it also incurs the fees and expenses of the underlying funds in which it invests. Please refer to the fund prospectus for information about the aggregate annual operating expenses of the fund and its corresponding underlying fund or funds. |
153353 | Page 3 of 11 | May 2009 |
The following chart lists the investment advisers and subadvisers and information regarding the investment objectives of the funds available through the policy. More detailed information about these funds can be found in the current prospectus and Statement of Additional Information for each fund.
There is no assurance that the stated investment objectives of any of the funds will be achieved. Shares of the funds will rise and fall in value and you could lose money by allocating policy value to the subaccounts that invest in the funds. Shares of the funds are not bank deposits and are not guaranteed, endorsed or insured by any financial institution, the Federal Deposit Insurance Corporation or any other government agency. Except as noted, all funds are diversified, as defined under the 1940 Act.
Investment Adviser/ | ||
Fund Name | Subadviser | Investment Objective |
| ||
American Funds Growth Fund | Investment Adviser: | Seeks growth of capital by investing |
(Class 2) | Capital Research and Management | primarily in common stocks. |
Company | ||
| ||
American Funds Growth- | Investment Adviser: | Seeks capital growth and income |
Income Fund (Class 2) | Capital Research and Management | over time by investing primarily in |
Company | U.S. common stocks or other | |
securities that demonstrate the | ||
potential for appreciation and/or | ||
dividends. | ||
| ||
American Funds International | Investment Adviser: | Seeks growth of capital over time by |
Fund (Class 2) | Capital Research and Management | investing primarily in common |
Company | stocks of companies located outside | |
the United States. | ||
| ||
BlackRock Global Allocation V.I. | Investment Adviser: | The fund seeks to provide high total |
Fund (Class III) | BlackRock Advisors, LLC | return through a fully managed |
Subadvisers: | investment policy utilizing U.S. and | |
BlackRock Investment Management, | foreign equity, debt and money | |
LLC, BlackRock Asset Management | market instruments, the combination | |
U.K. Limited | of which will be varied from time to | |
time both with respect to types of | ||
securities and markets in response to | ||
changing market and economic | ||
trends. | ||
| ||
Fidelity ® VIP Contrafund ® | Investment Adviser: | Seeks long-term capital appreciation. |
Portfolio (Service Class) | Fidelity Management & Research | |
Company | ||
Subadvisers: | ||
FMR Co., Inc.; Fidelity Management | ||
& Research (U.K.) Inc.; Fidelity | ||
Research & Analysis Company; | ||
Fidelity Investments Japan Limited; | ||
Fidelity International Investment | ||
Advisors; Fidelity International | ||
Investment Advisors (U.K.) Limited | ||
| ||
153353 | Page 4 of 11 | May 2009 |
Investment Adviser/ | ||
Fund Name | Subadviser | Investment Objective |
| ||
Fidelity ® VIP Equity-Income | Investment Adviser: | Seeks reasonable income. Also |
Portfolio (Service Class) | Fidelity Management & Research | considers the potential for capital |
Company | appreciation. Seeks to achieve a yield | |
Subadvisers: | which exceeds the composite yield | |
FMR Co., Inc.; Fidelity Management | on the securities comprising the | |
& Research (U.K.) Inc.; Fidelity | Standard & Poor's 500SM Index (S&P | |
Research & Analysis Company; | 500® ). | |
Fidelity Investments Japan Limited; | ||
Fidelity International Investment | ||
Advisors; Fidelity International | ||
Investment Advisors (U.K.) Limited | ||
| ||
ING AllianceBernstein Mid Cap | Investment Adviser: | Seeks long-term growth of capital. |
Growth Portfolio (Class I) | Directed Services LLC | |
Subadviser: | ||
AllianceBernstein, L.P. | ||
| ||
ING Artio Foreign Portfolio | Investment Adviser: | Seeks long-term growth of capital. |
(Class I) | Directed Services LLC | |
Subadviser: | ||
Artio Global Management LLC | ||
| ||
ING BlackRock Large Cap | Investment Adviser: | Seeks long-term growth of capital. |
Growth Portfolio (Class I) | Directed Services LLC | |
Subadviser: | ||
BlackRock Investment Management, | ||
LLC | ||
| ||
ING Clarion Global Real Estate | Investment Adviser: | A non-diversified portfolio that seeks |
Portfolio (Class S) | ING Investments, LLC | to provide investors with high total |
Subadviser: | return consisting of capital | |
ING Clarion Real Estate Securities | appreciation and current income. | |
L.P. | ||
| ||
ING Evergreen Health Sciences | Investment Adviser: | A non-diversified portfolio that seeks |
Portfolio (Class I) | Directed Services LLC | long-term capital growth. |
Subadviser: | ||
Evergreen Investment Management | ||
Company, LLC | ||
| ||
ING Evergreen Omega Portfolio | Investment Adviser: | Seeks long-term capital growth. |
(Class I) | Directed Services LLC | |
Subadviser: | ||
Evergreen Investment Management | ||
Company, LLC | ||
| ||
ING FMRSM Diversified Mid Cap | Investment Adviser: | Seeks long-term growth of capital. |
Portfolio (Class I) | Directed Services LLC | |
Subadviser: | ||
Fidelity Management & Research | ||
Co. | ||
| ||
ING Focus 5 Portfolio (Class I) | Investment Adviser: | Seeks total return through capital |
Directed Services LLC | appreciation and dividend income. | |
Subadviser: | ||
ING Investment Management Co. | ||
| ||
ING Franklin Templeton | Investment Adviser: | Seeks capital appreciation and |
Founding Strategy Portfolio | Directed Services LLC | secondarily, income. |
(Class I) | ||
| ||
153353 | Page 5 of 11 | May 2009 |
Investment Adviser/ | ||
Fund Name | Subadviser | Investment Objective |
| ||
ING Global Resources Portfolio | Investment Adviser: | A non-diversified portfolio that seeks |
(Class I) | Directed Services LLC | long-term capital appreciation. |
Subadviser: | ||
ING Investment Management Co. | ||
| ||
ING Growth and Income | Investment Adviser: | Seeks to maximize total return |
Portfolio II (Class I) | Directed Services LLC | through investments in a diversified |
Subadviser: | portfolio of common stocks and | |
ING Investment Management Co. | securities convertible into common | |
stocks. | ||
| ||
ING Index Plus International | Investment Adviser: | Seeks to outperform the total return |
Equity Portfolio (Class S) | ING Investments, LLC | performance of the Morgan Stanley |
Subadviser: | Capital International Europe | |
ING Investment Management | Australasia and Far East® Index | |
Advisors, B. V. | (MSCI EAFE® Index), while | |
maintaining a market level of risk. | ||
| ||
ING JPMorgan Emerging | Investment Adviser: | Seeks capital appreciation. |
Markets Equity Portfolio (Class I) | Directed Services LLC | |
Subadviser: | ||
J.P. Morgan Investment Management | ||
Inc. | ||
| ||
ING JPMorgan Small Cap Core | Investment Adviser: | Seeks capital growth over the long |
Equity Portfolio (Class I) | Directed Services LLC | term. |
Subadviser: | ||
J.P. Morgan Investment Management | ||
Inc. | ||
| ||
ING JPMorgan Value | Investment Adviser: | Seeks long-term capital appreciation. |
Opportunities Portfolio (Class I) | Directed Services LLC | |
Subadviser: | ||
J. P. Morgan Investment | ||
Management Inc. | ||
| ||
ING LifeStyle Aggressive Growth | Investment Adviser: | Seeks growth of capital. |
Portfolio (Class I) | ING Investments, LLC | |
Asset Allocation Consultants: | ||
Ibbotson Associates and ING | ||
Investment Management Co. | ||
| ||
ING LifeStyle Growth Portfolio | Investment Adviser: | Seeks growth of capital and some |
(Class I) | ING Investments, LLC | current income. |
Asset Allocation Consultants: | ||
Ibbotson Associates and ING | ||
Investment Management Co. | ||
| ||
ING LifeStyle Moderate Growth | Investment Adviser: | Seeks growth of capital and a low to |
Portfolio (Class I) | ING Investments, LLC | moderate level of current income. |
Asset Allocation Consultants: | ||
Ibbotson Associates and ING | ||
Investment Management Co. | ||
| ||
ING LifeStyle Moderate Portfolio | Investment Adviser: | Seeks growth of capital and current |
(Class I) | ING Investments, LLC | income. |
Asset Allocation Consultants: | ||
Ibbotson Associates and ING | ||
Investment Management Co. | ||
| ||
153353 | Page 6 of 11 | May 2009 |
Investment Adviser/ | ||
Fund Name | Subadviser | Investment Objective |
| ||
ING Limited Maturity Bond | Investment Adviser: | Seeks highest current income |
Portfolio (Class S) | Directed Services LLC | consistent with low risk to principal |
Subadviser: | and liquidity and secondarily, seeks | |
ING Investment Management Co. | to enhance its total return through | |
capital appreciation when market | ||
factors, such as falling interest rates | ||
and rising bond prices, indicate that | ||
capital appreciation may be available | ||
without significant risk to principal. | ||
| ||
ING Liquid Assets Portfolio | Investment Adviser: | Seeks high level of current income |
(Class S) | Directed Services LLC | consistent with the preservation of |
Subadviser: | capital and liquidity. | |
ING Investment Management Co. | ||
| ||
ING Marsico Growth Portfolio | Investment Adviser: | Seeks capital appreciation. |
(Class I) | Directed Services LLC | |
Subadviser: | ||
Marsico Capital Management, LLC | ||
| ||
ING Marsico International | Investment Adviser: | Seeks long-term growth of capital. |
Opportunities Portfolio (Class I) | Directed Services LLC | |
Subadviser: | ||
Marsico Capital Management, LLC | ||
| ||
ING MFS Total Return Portfolio | Investment Adviser: | Seeks above-average income |
(Class I) | Directed Services LLC | (compared to a portfolio entirely |
Subadviser: | invested in equity securities) | |
Massachusetts Financial Services | consistent with the prudent | |
Company | employment of capital. Secondarily | |
seeks reasonable opportunity for | ||
growth of capital and income. | ||
| ||
ING MFS Utilities Portfolio | Investment Adviser: | Seeks total return. |
(Class S) | Directed Services LLC | |
Subadviser: | ||
Massachusetts Financial Services | ||
Company | ||
| ||
ING Oppenheimer Main Street | Investment Adviser: | Seeks long-term growth of capital |
Portfolio ® (Class I) | Directed Services LLC | and future income. |
Subadviser: | ||
OppenheimerFunds, Inc. | ||
| ||
ING PIMCO Total Return Bond | Investment Adviser: | Seeks maximum total return, |
Portfolio (Class I) | Directed Services LLC | consistent with preservation of |
Subadviser: | capital and prudent investment | |
Pacific Investment Management | management. | |
Company LLC | ||
| ||
ING Pioneer Fund Portfolio | Investment Adviser: | Seeks reasonable income and capital |
(Class I) | Directed Services LLC | growth. |
Subadviser: | ||
Pioneer Investment Management, | ||
Inc. | ||
| ||
ING Pioneer Mid Cap Value | Investment Adviser: | Seeks capital appreciation. |
Portfolio (Class I) | Directed Services LLC | |
Subadviser: | ||
Pioneer Investment Management, | ||
Inc. | ||
| ||
153353 | Page 7 of 11 | May 2009 |
Investment Adviser/ | ||
Fund Name | Subadviser | Investment Objective |
| ||
ING Stock Index Portfolio | Investment Adviser: | Seeks total return. |
(Class I) | Directed Services LLC | |
Subadviser: | ||
ING Investment Management Co. | ||
| ||
ING T. Rowe Price Capital | Investment Adviser: | Seeks, over the long-term, a high |
Appreciation Portfolio (Class I) | Directed Services LLC | total investment return, consistent |
Subadviser: | with the preservation of capital and | |
T. Rowe Price Associates, Inc. | prudent investment risk. | |
| ||
ING T. Rowe Price Equity Income | Investment Adviser: | Seeks substantial dividend income as |
Portfolio (Class I) | Directed Services LLC | well as long-term growth of capital. |
Subadviser: | ||
T. Rowe Price Associates, Inc. | ||
| ||
ING Van Kampen Capital | Investment Adviser: | Seeks long-term capital appreciation. |
Growth Portfolio (Class I) | Directed Services LLC | |
Subadviser: | ||
Van Kampen | ||
| ||
ING Van Kampen Growth and | Investment Adviser: | Seeks long-term growth of capital |
Income Portfolio (Class S) | Directed Services LLC | and income. |
Subadviser: | ||
Van Kampen | ||
| ||
ING Wells Fargo Small Cap | Investment Adviser: | Seeks long-term capital appreciation. |
Disciplined Portfolio (Class S) | Directed Services LLC | |
Subadviser: | ||
Wells Capital Management, Inc. | ||
| ||
ING Baron Small Cap Growth | Investment Adviser: | Seeks capital appreciation. |
Portfolio (Initial Class) | Directed Services LLC | |
Subadviser: | ||
BAMCO, Inc. | ||
| ||
ING Columbia Small Cap Value | Investment Adviser: | Seeks long-term growth of capital. |
Portfolio (Initial Class) | Directed Services LLC | |
Subadviser: | ||
Columbia Management Advisors, | ||
LLC | ||
| ||
ING JPMorgan Mid Cap Value | Investment Adviser: | Seeks growth from capital |
Portfolio (Initial Class) | Directed Services LLC | appreciation. |
Subadviser: | ||
J. P. Morgan Investment | ||
Management Inc. | ||
| ||
ING Neuberger Berman Partners | Investment Adviser: | Seeks capital growth. |
Portfolio (Initial Class) | Directed Services LLC | |
Subadviser: | ||
Neuberger Berman Management Inc. | ||
| ||
ING Oppenheimer Global | Investment Adviser: | Seeks capital appreciation. |
Portfolio (Initial Class) | Directed Services LLC | |
Subadviser: | ||
OppenheimerFunds, Inc. | ||
| ||
ING Oppenheimer Strategic | Investment Adviser: | Seeks a high level of current income |
Income Portfolio (Service Class) | Directed Services LLC | principally derived from interest on |
Subadviser: | debt securities. | |
OppenheimerFunds, Inc. | ||
| ||
153353 | Page 8 of 11 | May 2009 |
Investment Adviser/ | ||
Fund Name | Subadviser | Investment Objective |
| ||
ING Pioneer High Yield Portfolio | Investment Adviser: | Seeks to maximize total return |
(Initial Class) | Directed Services LLC | through income and capital |
Subadviser: | appreciation. | |
Pioneer Investment Management, | ||
Inc. | ||
| ||
ING T. Rowe Price Diversified | Investment Adviser: | Seeks long-term capital appreciation. |
Mid Cap Growth Portfolio (Initial | Directed Services LLC | |
Class) | Subadviser: | |
T. Rowe Price Associates, Inc. | ||
| ||
ING UBS U.S. Large Cap Equity | Investment Adviser: | Seeks long-term growth of capital |
Portfolio (Initial Class) | Directed Services LLC | and future income. |
Subadviser: | ||
UBS Global Asset Management | ||
(Americas) Inc. | ||
| ||
ING Van Kampen Comstock | Investment Adviser: | Seeks capital growth and income. |
Portfolio (Initial Class) | Directed Services LLC | |
Subadviser: | ||
Van Kampen | ||
| ||
ING Van Kampen Equity and | Investment Adviser: | Seeks total return, consisting of long- |
Income Portfolio (Initial Class) | Directed Services LLC | term capital appreciation and current |
Subadviser: | income. | |
Van Kampen | ||
| ||
ING Balanced Portfolio (Class I) | Investment Adviser: | Seeks to maximize investment return, |
ING Investments, LLC | consistent with reasonable safety of | |
Subadviser: | principal, by investing in a | |
ING Investment Management Co. | diversified portfolio of one or more | |
of the following asset classes: | ||
stocks, bonds and cash equivalents, | ||
based on the judgment of the | ||
portfolios management, of which of | ||
those sectors or mix thereof offers | ||
the best investment prospects. | ||
| ||
ING Intermediate Bond Portfolio | Investment Adviser: | Seeks to maximize total return |
(Class I) | ING Investments, LLC | consistent with reasonable risk. |
Subadviser: | ||
ING Investment Management Co. | ||
| ||
ING Growth and Income | Investment Adviser: | Seeks to maximize total return |
Portfolio (Class I) | ING Investments, LLC | through investments in a diversified |
Subadviser: | portfolio of common stocks and | |
ING Investment Management Co. | securities convertible into common | |
stock. | ||
| ||
ING Index Plus LargeCap | Investment Adviser: | Seeks to outperform the total return |
Portfolio (Class I) | ING Investments, LLC | performance of the Standard & |
Subadviser: | Poors 500 Composite Stock Price | |
ING Investment Management Co. | Index (S&P 500 Index), while | |
maintaining a market level of risk. | ||
| ||
ING Index Plus MidCap Portfolio | Investment Adviser: | Seeks to outperform the total return |
(Class I) | ING Investments, LLC | performance of the Standard & |
Subadviser: | Poors MidCap 400 Index (S&P | |
ING Investment Management Co. | MidCap 400 Index), while | |
maintaining a market level of risk. | ||
| ||
153353 | Page 9 of 11 | May 2009 |
Investment Adviser/ | ||
Fund Name | Subadviser | Investment Objective |
| ||
ING Index Plus SmallCap | Investment Adviser: | Seeks to outperform the total return |
Portfolio (Class I) | ING Investments, LLC | performance of the Standard & |
Subadviser: | Poors SmallCap 600 Index (S&P | |
ING Investment Management Co. | SmallCap 600 Index), while | |
maintaining a market level of risk. | ||
| ||
ING International Index Portfolio | Investment Adviser: | Seeks investment results (before fees |
(Class S) | ING Investments, LLC | and expenses) that correspond to the |
Subadviser: | total return of a widely accepted | |
ING Investment Management Co. | International Index. | |
| ||
ING RussellTM Large Cap Growth | Investment Adviser: | Seeks investment results (before fees |
Index Portfolio | ING Investments, LLC | and expenses) that correspond to the |
(Class I) | Subadviser: | total return of the Russell Top 200® |
ING Investment Management Co. | Growth Index. | |
| ||
ING RussellTM Large Cap Index | Investment Adviser: | Seeks investment results (before fees |
Portfolio (Class I) | ING Investments, LLC | and expenses) that correspond to the |
Subadviser: | total return of the Russell Top 200® | |
ING Investment Management Co. | Index. | |
| ||
ING RussellTM Large Cap Value | Investment Adviser: | Seeks investment results (before fees |
Index Portfolio (Class I) | ING Investments, LLC | and expenses) that correspond to the |
Subadviser: | total return of the Russell Top 200® | |
ING Investment Management Co. | Value Index. | |
| ||
ING RussellTM Mid Cap Growth | Investment Adviser: | Seeks investment results (before fees |
Index Portfolio (Class I) | ING Investments, LLC | and expenses) that correspond to the |
Subadviser: | total return of the Russell Midcap® | |
ING Investment Management Co. | Growth Index. | |
| ||
ING RussellTM Small Cap Index | Investment Adviser: | Seeks investment results (before fees |
Portfolio (Class I) | ING Investments, LLC | and expenses) that correspond to the |
Subadviser: | total return of the Russell 2000® | |
ING Investment Management Co. | Index. | |
| ||
ING U.S. Bond Index Portfolio | Investment Adviser: | Seeks investment results (before fees |
(Class I) | ING Investments, LLC | and expenses) that correspond to the |
Subadviser: | total return of the Barclays Capital | |
Lehman Brothers Asset Management | U.S. Aggregate Bond Index ® . | |
LLC | ||
| ||
ING SmallCap Opportunities | Investment Adviser: | Seeks long-term capital appreciation. |
Portfolio (Class I) | ING Investments, LLC | |
Subadviser: | ||
ING Investment Management Co. | ||
| ||
Neuberger Berman AMT Socially | Investment Adviser: | Seeks long-term growth of capital by |
Responsive Portfolio® (Class I) | Neuberger Berman Management | investing primarily in securities of |
LLC | companies that meet the portfolios | |
Subadviser: | financial criteria and social policy. | |
Neuberger Berman, LLC | ||
| ||
153353 | Page 10 of 11 | May 2009 |
IMPORTANT INFORMATION ABOUT FUNDS CLOSED TO NEW INVESTMENT
The subaccounts that invest in the following funds have been closed to new investment:
Policy owners who have policy value allocated to one or more of the subaccounts that correspond to these funds may leave their policy value in those subaccounts, but future allocations and transfers into those subaccounts are prohibited. If your most recent premium allocation instructions includes a subaccount that corresponds to one of these funds, premium received that would have been allocated to a subaccount corresponding to one of these funds may be automatically allocated among the other available subaccounts according to your most recent premium allocation instructions. If your most recent allocation instructions do not include any available funds, you must provide us with alternative allocation instructions or the premium payment will be returned to you. You may give us alternative allocation instructions by contacting our ING Customer Service Center at P.O. Box 5065, Minot, ND 58702-5065, 1-877-253-5050 or www.ingservice center.com. See the Transfers section of your policy prospectus for information about making allocation changes.
Your failure to provide us with alternative allocation instructions before we return your premium payment(s) may result in your policy entering the 61 day grace period and/or your policy lapsing without value. See the Lapse section of your policy prospectus for more information about how to keep your policy from lapsing. See also the Reinstatement section of your policy prospectus for information about how to put your policy back in force if it has lapsed.
MORE INFORMATION IS AVAILABLE
More information about the funds available through your policy, including information about the risks associated with investing in them, can be found in the current prospectus and Statement of Additional Information for each fund. You may obtain these documents by contacting us at our:
ING Customer Service Center P.O. Box 5065 Minot, ND 58702-5065 1-877-253-5050 |
4 | The Van Eck Worldwide Hard Assets Fund was never offered as an investment option in the ING Corporate Benefits product. |
153353 | Page 11 of 11 | May 2009 |
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