form497e_121809.htm
Rule
497(e)
File
Nos. 333-162249
811-09667
Supplement
Dated December 18, 2009
To
the Prospectus for the
Prestige
Series Flexible Premium Variable Universal Life Policy
Dated
May 1, 2003
Issued Through
PRESTIGE
VARIABLE LIFE ACCOUNT
By
GREAT-WEST
LIFE & ANNUITY INSURANCE COMPANY
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.
The Board
of Trustees of the Van Eck Worldwide Insurance Trust (the “Board”) has approved
a Plan of Liquidation and Dissolution for the Worldwide Real Estate Fund
(“Fund”), pursuant to which the Fund is expected to be liquidated on December
18, 2009 (the “Liquidation Date”).
The
Subaccount investing in the Fund is currently closed to new Contributions and
incoming Transfers.
All other
Portfolios are unaffected by the recent action of the Board, and will continue
to remain available as Subaccount investment options after the Closure
Date.
Any
Policyowner utilizing a custom transfer feature such as Dollar Cost Averaging or
Account Rebalancing involving the Fund should contact the Customer Service
Center immediately to make alternate arrangements. If you fail to
make alternate arrangements by the Closure Date, allocations made to the Fund
Subaccount utilizing the custom transfer feature will be directed to the
Fidelity Money Market Portfolio Subaccount.
You may
elect to transfer your contract value in the Fund before the Liquidation Date by
calling the customer service center at 1-888-353-2654 or in writing at the
Customer Service Center, 8515 East Orchard Road, 9T2, Greenwood Village, CO
80111.
If you
have not transferred your contract value out of the Fund as of the Liquidation
Date, your contract value invested in the Fund will be automatically transferred
to the Fidelity Money Market Portfolio.
This
Supplement must be accompanied by, or read in conjunction with the
Prospectus dated May 1,
2003.
Please
keep this Supplement for future reference.