Rule 497(e)
File Nos. 333-162249 and 811-09667
Prestige Series Flexible Premium Variable Universal Life Policy
Issued Through
PRESTIGE VARIABLE LIFE ACCOUNT
by
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY
Supplement dated May 17, 2019 to the Prospectus and
Statement of Additional Information (“SAI”) dated May 1, 2003
This Supplement amends certain information contained in the Prospectus and SAI dated May 1, 2003.
Sale of Business:
On January 24, 2019, Great-West Life & Annuity Insurance Company (“Great-West”) announced that it had entered into an agreement with Protective Life Insurance Company (“Protective”) to sell, via indemnity reinsurance, substantially all of its non-participating individual life insurance and annuity business and group life and health business, including this policy. Subject to the provision of certain services by Great-West or its affiliates for a transitional period following the closing, Protective will agree to provide administration for this policy in accordance with their terms and conditions. The transaction is expected to close in the first half of 2019, subject to regulatory approvals and customary closing conditions.
Effective immediately, the Columbia Variable Portfolio Select Smaller-Cap Value Fund is renamed Columbia Variable Portfolio Select Small Cap Value Fund. Accordingly, all references to Columbia Variable Portfolio Select Smaller-Cap Value Fund in the Prospectus and SAI are hereby deleted and replaced with Columbia Variable Portfolio Select Small Cap Value Fund.
Effective on or about June 3, 2019, the following name changes will occur, and all references to the old names in the Prospectus and SAI are hereby deleted and replaced with the new names:
| Old Name | New Name | |
|
Dreyfus Sustainable U.S. Equity Portfolio, Inc. (formerly Dreyfus Socially Responsible Growth Fund, Inc.)
|
BNY Mellon Sustainable U.S. Equity Portfolio, Inc. | |
|
The Dreyfus Sustainable U.S. Equity Portfolio, Inc. (formerly The Dreyfus Socially Responsible Growth Fund, Inc.) |
BNY Mellon Sustainable U.S. Equity Portfolio, Inc.
| |
|
Dreyfus Variable Investment Fund
|
BNY Mellon Variable Investment Fund | |
|
Dreyfus VIF Appreciation Portfolio
|
BNY Mellon VIF Appreciation Portfolio | |
|
Dreyfus VIF Growth & Income Portfolio
|
BNY Mellon VIF Growth & Income Portfolio |
If you have any questions regarding this Supplement, please call Great-West toll-free at (888) 353-2654, or write to Great-West at 8515 East Orchard Road, Greenwood Village, CO 80111.
This Supplement must be accompanied by, or read in conjunction with, the current Prospectus and
SAI dated May 1, 2003.
Please read this Supplement carefully and retain it for future reference.