497 1 clica497e_062909.htm

 

Rule 497(e)

File Nos. 333-90449

811-09667

 

Supplement Dated June 29, 2009

To the Prospectus for the

 

Prestige Series Flexible Premium Variable Universal Life Policy

Dated May 1, 2003

 

Issued Through

 

CANADA LIFE OF AMERICA VARIABLE LIFE ACCOUNT 1

 

By

 

CANADA LIFE INSURANCE COMPANY OF AMERICA

 

This supplement amends certain information contained in your Prestige Series Variable Universal Life Policy prospectus. Please read this Supplement carefully and retain it for future reference.

 

Great-West Life & Annuity Insurance Company ("GWL&A") and Canada Life Insurance Company of America (“CLICA”) have executed an Agreement and Plan of Merger pursuant to which CLICA will merge with and into GWL&A. The consummation of the merger is subject to regulatory notices and approvals. The merger is expected to be effective on or about October 1, 2009.

 

Upon the consummation of the merger, the Canada Life of America Variable Life Account 1 will become a separate account of GWL&A, and all CLICA contracts will remain outstanding in accordance with their terms and become obligations of GWL&A.

 

This Supplement must be accompanied by, or read in conjunction with,

the Prospectus dated May 1, 2003.

 

Please keep this Supplement for future reference.