Annuity Investors Life Insurance CompanyÒ
Annuity InvestorsÒ Variable Account B
The Commodore IndependenceÒ
Individual and Group Flexible Premium Deferred Annuities
Supplement Dated December 22, 2008
to Prospectus Dated May 1, 2008
Effective December 22, 2008, Contract Owners may no longer allocate funds to the Subaccounts listed
below.
| • |
|
Wilshire 2010 Moderate Fund Subaccount |
| • |
|
Wilshire 2045 Moderate Fund Subaccount |
On December 19, 2008, the underlying Portfolio for each of these Subaccounts was merged into
another Portfolio pursuant to a program initiated by Wilshire Associated Incorporated to
restructure selected series of the Wilshire Variable Insurance Trust. Wilshire 2010 Moderate Fund
was merged into Wilshire 2015 Moderate Fund and Wilshire 2045 Moderate Fund was merged into
Wilshire 2035 Moderate Fund.