Rule
497(e)
File Nos.
333-145333 and 811-22105
Key
Business VUL – Prospectus
A
Flexible Premium Variable Universal Life Insurance Policy
Offered
by Great-West Life & Annuity Insurance Company
In
connection with its COLI VUL-4 Series Account
SUPPLEMENT
Dated February 22, 2010
To
the Prospectus dated May 1, 2009
On
February 19, 2010, the shareholders approved the reorganization of the Federated
Mid Cap Growth Strategies Fund II (the “Fund”) into the Federated Kaufmann Fund
II effective on March 12, 2010 (“Effective Date”).
The Fund
will discontinue accepting requests to purchase shares of the Fund on March 11,
2010. Any assets remaining in the Fund on the Effective Date will
become assets of the Federated Kaufmann Fund II. As of the date the
Fund discontinues accepting requests to purchase shares, any allocation or
automatic rebalancer allocations to the Fund will be defaulted to the Federated
Kaufmann Fund II.
Accordingly,
the reference to the Federated Mid Cap Growth Strategies Fund II on page 19 of
the Prospectus is deleted in its entirety and replaced with the
following:
Federated Kaufmann Fund II
(Primary Shares) seeks capital appreciation by investing primarily in the stocks
of small and medium-sized companies that are traded on national security
exchanges, the NASDAQ stock market and on the over-the-counter
market. Up to 30% of the Fund’s net assets may be invested in foreign
securities. Solely for purposes of complying with this policy an issuer’s
security will be considered to be a foreign security if the security is
denominated in a foreign currency or purchased on a securities exchange outside
the United States. The Adviser’s and Sub-Adviser’s process for
selecting securities is bottom-up and growth-oriented.
Sub-Advised
by Federated Global Investment Management Corp.
Advised
by Federated Equity Management Company of Pennsylvania.
This
Supplement must be accompanied by, or read in conjunction with the
Prospectus dated May 1,
2009. Please
keep this Supplement for future reference.