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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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ESTATE DESIGNER
FIRSTLINE
FIRSTLINE II
VARIABLE SURVIVORSHIP
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 April 30, 2010
This supplement updates and amended 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.
__________________________________________________________________________
NOTICE OF UPCOMING FUND MERGERS
Effective on or about August 23, 2010 (the Merger Effective Date), the following Disappearing Funds will merge into and become part of the following Surviving Funds as follows:
Disappearing Funds | Surviving Funds |
ING Opportunistic LargeCap Portfolio (Class I) 1 | ING Growth and Income Portfolio (Class I) |
ING Wells Fargo Small Cap Disciplined Portfolio (Class S) | ING Small Company Portfolio (Class S) |
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 Disappearing Funds will no longer exist and there will be no further disclosure regarding them in future supplements to the policy prospectus. | ||
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. | ||
Because of the upcoming fund mergers, the ING Small Company Portfolio (Class S) will be added, effective April 30, 2010, to your policy as an available investment option. | ||
1 | On April 28, 2008, the subaccount that invested in this fund was closed to new investors and to new investments by existing investors. |
ESDFLVSR-10 | Page 1 of 11 | April 2010 |
IMPORTANT INFORMATION REGARDING FUND NAME CHANGES
Effective April 30, 2010, certain of the funds available through Security Life Separate Account L1 will change their names as follows:
Former Fund Name | Current Fund Name |
AIM V.I. Core Equity Fund 2 | Invesco V.I. Core Equity Fund 2 |
ING Evergreen Health Sciences Portfolio | ING Wells Fargo Health Care Portfolio |
ING Evergreen Omega Portfolio | ING Wells Fargo Omega Growth Portfolio |
ING Focus 5 Portfolio | ING DFA Global All Equity Portfolio |
ING Legg Mason Partners Aggressive Growth Portfolio 3 | ING Legg Mason ClearBridge Aggressive Growth Portfolio 3 |
ING Lord Abbett Affiliated Portfolio 3 | ING Lord Abbett Growth and Income Portfolio 3 |
ING Oppenheimer Strategic Income Portfolio | ING Oppenheimer Global Strategic Income Portfolio |
ING Stock Index Portfolio | ING U.S. Stock Index Portfolio |
M Fund Frontier Capital Appreciation Fund 4 | M Capital Appreciation Fund 4 |
M Fund Brandes International Equity Fund 4 | M International Equity Fund 4 |
Van Eck Worldwide Hard Assets Fund 2, 5 | Van Eck VIP Global Hard Assets Fund 2, 5 |
IMPORTANT INFORMATION ABOUT THE FUNDS AVAILABLE THROUGH THE POLICY
Effective April 30, 2010, subaccounts which invest in the following funds are available through the policy:
Listing of available funds continued on next page. |
2 | On April 28, 2006, the subaccount that invested in this fund was closed to new investors and to new investments by existing investors. |
3 | On April 28, 2008, the subaccount that invested in this fund was closed to new investors and to new investments by existing investors. |
4 | This fund is only available through broker/dealers associated with the M Financial Group. |
5 | This fund will change its name on May 1, 2010. |
6 | 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. |
ESDFLVSR-10 | Page 2 of 11 | April 2010 |
Continued from previous page. |
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. If you received a summary prospectus for any of the funds available through your policy, you may obtain a full prospectus and other fund information free of charge by either accessing the internet address, calling the telephone number or sending an email request to the contact information shown on the front of the funds summary prospectus.
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 |
(Class 2) | Capital Research and Management | investing primarily in common |
Company | stocks. | |
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 |
Fund (Class 2) | Capital Research and Management | by 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 | |
U.K. Limited | combination 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. |
7 | This fund is only available through broker/dealers associated with the M Financial Group. |
ESDFLVSR-10 | Page 3 of 11 | April 2010 |
Investment Adviser/ | ||
Fund Name | Subadviser | Investment Objective |
Fidelity® VIP Contrafund® | Investment Adviser: | Seeks long-term capital |
Portfolio (Service Class) | Fidelity Management & Research | appreciation. |
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 | ||
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 | |
Subadvisers: | yield which exceeds the composite | |
FMR Co., Inc.; Fidelity | yield on the securities comprising | |
Management & Research (U.K.) | the Standard & Poor's 500SM Index. | |
Inc.; Fidelity Research & Analysis Company; Fidelity Investments |
||
Japan Limited; Fidelity | ||
International Investment Advisors; Fidelity International Investment |
||
Advisors (U.K.) Limited | ||
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 |
Portfolio (Class S) | ING Investments, LLC | seeks to provide investors with high |
Subadviser: | total return consisting of capital | |
ING Clarion Real Estate Securities | appreciation and current income. | |
LLC | ||
ING DFA Global All Equity | Investment Adviser: | Seeks long-term capital |
Portfolio (Class I) | Directed Services LLC | appreciation. |
Subadviser: | ||
Dimensional Fund Advisors LP | ||
ING DFA Global Allocation | Investment Adviser: | Seeks high level of total return, |
Portfolio (Class I) | Directed Services LLC | consisting of capital appreciation |
Subadviser: | and income. | |
Dimensional Fund Advisors LP | ||
ING FMRSM Diversified Mid Cap | Investment Adviser: | Seeks long-term growth of capital. |
Portfolio (Class I) | Directed Services LLC | |
Subadviser: | ||
Fidelity Management & Research Company |
ESDFLVSR-10 | Page 4 of 11 | April 2010 |
Investment Adviser/ | ||
Fund Name | Subadviser | Investment Objective |
ING Franklin Templeton | Investment Adviser: | Seeks capital appreciation and |
Founding Strategy Portfolio | Directed Services LLC | secondarily, income. |
(Class I) | ||
ING Global Resources Portfolio | Investment Adviser: | A non-diversified portfolio that |
(Class I) | Directed Services LLC | seeks long-term capital |
Subadviser: | appreciation. | |
ING Investment Management Co. | ||
ING JPMorgan Emerging | Investment Adviser: | Seeks capital appreciation. |
Markets Equity Portfolio | Directed Services LLC | |
(Class I) | 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 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 I) | Directed Services LLC | consistent with the preservation of |
Subadviser: | capital and liquidity. | |
ING Investment Management Co. | ||
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 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 | ||
|
ESDFLVSR-10 | Page 5 of 11 | April 2010 |
Investment Adviser/ | ||
Fund Name | Subadviser | Investment Objective |
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 |
(Class I) | Directed Services LLC | capital 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. |
||
ING Retirement Growth Portfolio | Investment Adviser: | Seeks a high level of total return |
(Class I) | Directed Services LLC | (consisting of capital appreciation |
Asset Allocation Consultants: | and income) consistent with a level | |
Asset Allocation Committee. | of risk that can be expected to be | |
greater than that of ING Retirement | ||
Moderate Growth Portfolio. | ||
ING Retirement Moderate | Investment Adviser: | Seeks a high level of total return |
Growth Portfolio (Class I) | Directed Services LLC | (consisting of capital appreciation |
Asset Allocation Consultants: | and income) consistent with a level | |
Asset Allocation Committee | of risk that can be expected to be | |
greater than that of ING Retirement | ||
Moderate Portfolio but less than | ||
that of ING Retirement Growth | ||
Portfolio. | ||
ING Retirement Moderate | Investment Adviser: | Seeks a high level of total return |
Portfolio (Class I) | Directed Services LLC | (consisting of capital appreciation |
Asset Allocation Consultants: | and income) consistent with a level | |
Asset Allocation Committee | of risk that can be expected to be | |
less than that of ING Retirement | ||
Moderate Growth Portfolio. | ||
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 | Investment Adviser: | Seeks substantial dividend income |
Income Portfolio (Class I) | Directed Services LLC | as well as long-term growth of |
Subadviser: | capital. | |
T. Rowe Price Associates, Inc. | ||
ING U.S. Stock Index Portfolio | Investment Adviser: | Seeks total return. |
(Class I) | Directed Services LLC | |
Subadviser: | ||
ING Investment Management Co. | ||
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 |
ESDFLVSR-10 | Page 6 of 11 | April 2010 |
Investment Adviser/ | ||
Fund Name | Subadviser | Investment Objective |
ING Wells Fargo Health Care | Investment Adviser: | A non-diversified portfolio that |
Portfolio (Class I) | Directed Services LLC | seeks long-term capital growth. |
Subadviser: | ||
Wells Capital Management, Inc. | ||
| ||
ING Wells Fargo Omega Growth | Investment Adviser: | Seeks long-term capital growth. |
Portfolio (Class I) | Directed Services LLC | |
Subadviser: | ||
Wells Capital Management, Inc. | ||
| ||
ING Wells Fargo Small Cap | Investment Adviser: | Seeks long-term capital |
Disciplined Portfolio (Class S) | Directed Services LLC | appreciation. |
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 Oppenheimer Global | Investment Adviser: | Seeks capital appreciation. |
Portfolio (Initial Class) | Directed Services LLC | |
Subadviser: | ||
OppenheimerFunds, Inc. | ||
ING Oppenheimer Global | Investment Adviser: | Seeks a high level of current |
Strategic Income Portfolio | Directed Services LLC | income principally derived from |
(Service Class) | Subadviser: | interest on debt securities. |
OppenheimerFunds, Inc. | ||
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 |
Mid Cap Growth Portfolio | Directed Services LLC | appreciation. |
(Initial 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. |
ESDFLVSR-10 |
Page 7 of 11 |
April 2010 |
Investment Adviser/ | ||
Fund Name | Subadviser | Investment Objective |
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 |
Income Portfolio (Initial Class) | Directed Services LLC | long-term capital appreciation and |
Subadviser: | current income. | |
Van Kampen | ||
ING Balanced Portfolio (Class I) | Investment Adviser: | Prior to July 15, 2010, the portfolio |
ING Investments, LLC | seeks to maximize investment | |
Subadviser: | return, consistent with reasonable | |
ING Investment Management Co. | safety of principal, by investing in a | |
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. | ||
Effective July 15, 2010, the | ||
portfolio seeks total return | ||
consisting of capital appreciation | ||
(both realized and unrealized) and | ||
current income; the secondary | ||
investment objective is long-term | ||
capital appreciation. | ||
ING Intermediate Bond Portfolio | Investment Adviser: | Seeks to maximize total return |
(Class I) | ING Investments, LLC | consistent with reasonable risk. The |
Subadviser: | portfolio seeks its objective through | |
ING Investment Management Co. | investments in a diversified | |
portfolio consisting primarily of | ||
debt securities. It is anticipated that | ||
capital appreciation and investment | ||
income will both be major factors | ||
in achieving total return. | ||
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 | |
stocks. It is anticipated that capital | ||
appreciation and investment income | ||
will both be major factors in | ||
achieving total return. | ||
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, while maintaining a market | |
level of risk. |
ESDFLVSR-10 | Page 8 of 11 | April 2010 |
Investment Adviser/ | ||
Fund Name | Subadviser | Investment Objective |
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, while | |
ING Investment Management Co. | maintaining a market level of risk. | |
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, while | |
ING Investment Management Co. | maintaining a market level of risk. | |
ING International Index | Investment Adviser: | Seeks investment results (before |
Portfolio (Class S) | ING Investments, LLC | fees and expenses) that correspond |
Subadviser: | to the total return of a widely | |
ING Investment Management Co. | accepted International Index. | |
ING RussellTM Large Cap | Investment Adviser: | A non diversified portfolio that |
Growth Index Portfolio (Class I) | ING Investments, LLC | seeks investment results (before |
Subadviser: | fees and expenses) that correspond | |
ING Investment Management Co. | to the total return of the Russell | |
Top 200® Growth Index. | ||
ING RussellTM Large Cap Index | Investment Adviser: | Seeks investment results (before |
Portfolio (Class I) | ING Investments, LLC | fees and expenses) that correspond |
Subadviser: | to the total return of the Russell | |
ING Investment Management Co. | Top 200® Index. | |
ING RussellTM Large Cap Value | Investment Adviser: | A non diversified portfolio that |
Index Portfolio (Class I) | ING Investments, LLC | seeks investment results (before |
Subadviser: | fees and expenses) that correspond | |
ING Investment Management Co. | to the total return of the Russell | |
Top 200® Value Index. | ||
ING RussellTM Mid Cap Growth | Investment Adviser: | A non-diversified portfolio that |
Index Portfolio (Class I) | ING Investments, LLC | seeks investment results (before |
Subadviser: | fees and expenses) that correspond | |
ING Investment Management Co. | to the total return of the Russell | |
Midcap® Growth Index. | ||
ING RussellTM Small Cap Index | Investment Adviser: | Seeks investment results (before |
Portfolio (Class I) | ING Investments, LLC | fees and expenses) that correspond |
Subadviser: | to the total return of the Russell | |
ING Investment Management Co. | 2000® Index. | |
ING Small Company Portfolio | Investment Adviser: | Seeks growth of capital primarily |
(Class S) | ING Investments, LLC | through investment in a diversified |
Subadviser: | portfolio of common stocks of | |
ING Investment Management Co. | companies with smaller market | |
capitalizations. | ||
ING U.S. Bond Index Portfolio | Investment Adviser: | Seeks investment results (before |
(Class I) | ING Investments, LLC | fees and expenses) that correspond |
Subadviser: | to the total return of the Barclays | |
Neuberger Berman Fixed Income | Capital U.S. Aggregate Bond | |
LLC | Index® . | |
ING SmallCap Opportunities | Investment Adviser: | Seeks long-term capital |
Portfolio (Class I) | ING Investments, LLC | appreciation. |
Subadviser: | ||
ING Investment Management Co. | ||
|
ESDFLVSR-10 | Page 9 of 11 | April 2010 |
Investment Adviser/ | ||
Fund Name | Subadviser | Investment Objective |
M Business Opportunity Value | Investment Adviser: | Seeks to provide long-term capital |
Fund 8 | M Financial Investment Advisers, | appreciation. |
Inc. | ||
Subadviser: | ||
Iridian Asset Management LLC | ||
M Capital Appreciation Fund 8 | Investment Adviser: | Seeks to provide maximum capital |
M Financial Investment Advisers, | appreciation. | |
Inc. | ||
Subadviser: | ||
Frontier Capital Management | ||
Company, LLC | ||
M International Equity Fund 8 | Investment Adviser: | Seeks to provide long-term capital |
M Financial Investment Advisers, | appreciation. | |
Inc. | ||
Subadviser: | ||
Brandes Investment Partners, L.P. | ||
M Large Cap Growth Fund 8 | Investment Adviser: | Seeks to provide long-term capital |
M Financial Investment Advisers, | appreciation. | |
Inc. | ||
Subadviser: | ||
DSM Capital Partners LLC | ||
Neuberger Berman AMT Socially | Investment Adviser: | Seeks long-term growth of capital |
Responsive Portfolio® (Class I) | Neuberger Berman Management | by investing primarily in securities |
LLC | of companies that meet the | |
Subadviser: | portfolios financial criteria and | |
Neuberger Berman LLC | social policy. |
IMPORTANT INFORMATION ABOUT FUNDS CLOSED TO NEW INVESTMENT
The subaccounts that invest in the following funds have been closed to new investment:
8 | This fund is only available through broker/dealers associated with the M Financial Group. |
ESDFLVSR-10 | Page 10 of 11 | April 2010 |
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.ingservicecenter.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 |
If you received a summary prospectus for any of the funds available through your policy, you may obtain a full prospectus and other fund information free of charge by either accessing the internet address, calling the telephone number or sending an email request to the contact information shown on the front of the funds summary prospectus.
ESDFLVSR-10 | Page 11 of 11 | April 2010 |
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