-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CVh573IWmTNJ2KHlMJperVtmn1a3sStBc1t4nJFK+o3cTqdpiuvn99es8fbnmhz2 Ir3Pn0M2hIg5F/tkrEl7mw== 0000950135-08-002793.txt : 20080424 0000950135-08-002793.hdr.sgml : 20080424 20080424171333 ACCESSION NUMBER: 0000950135-08-002793 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080424 DATE AS OF CHANGE: 20080424 EFFECTIVENESS DATE: 20080424 FILER: COMPANY DATA: COMPANY CONFORMED NAME: METLIFE OF CT FUND UL II FOR VARIABLE LIFE INSURANCE CENTRAL INDEX KEY: 0001002920 IRS NUMBER: 060904249 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-147901 FILM NUMBER: 08775181 BUSINESS ADDRESS: STREET 1: ONE CITY PLACE STREET 2: 185 ASYLUM STREET CITY: HARTFORD STATE: CT ZIP: 06103-3415 BUSINESS PHONE: 860-277-0111 MAIL ADDRESS: STREET 1: ONE CITY PLACE STREET 2: 185 ASYLUM STREET CITY: HARTFORD STATE: CT ZIP: 06103-3415 FORMER COMPANY: FORMER CONFORMED NAME: TRAVELERS FUND UL II FOR VARIABLE LIFE INSURANCE DATE OF NAME CHANGE: 19951101 0001002920 S000004238 MetLife of CT Fund UL II for Variable Life Insurance C000059303 MetLife Variable Survivorship Life 497 1 b69792a5e497.txt METLIFE OF CT FUND UL II METLIFE VARIABLE SURVIVORSHIP LIFE INSURANCE Last Survivor Flexible Premium Variable Life Insurance Policies APRIL 28, 2008 PROSPECTUS SUPPLEMENT ISSUED TO INDIVIDUALS BY: METLIFE INSURANCE COMPANY OF CONNECTICUT -- METLIFE OF CT FUND UL FOR VARIABLE LIFE INSURANCE OR METLIFE INSURANCE COMPANY OF CONNECTICUT -- METLIFE OF CT FUND UL II FOR VARIABLE LIFE INSURANCE This prospectus supplement updates certain information contained in your last prospectus dated May 2, 2005 and subsequent supplements for MetLife Variable Survivorship Life Insurance, a flexible premium variable life insurance policy originally issued by MetLife Insurance Company of Connecticut or MetLife Life and Annuity Company of Connecticut. MetLife Life Insurance Company of Conneticut is referred to in this prospectus supplement as the Company. Please keep this prospectus supplement for future reference. The Company no longer offers the Policies to new purchasers. It does continue to accept additional premium payments from existing policy owners. You can build Cash Value by investing in a variety of INVESTMENT OPTIONS, which, in turn, invest in professionally managed Mutual Funds (THE "FUNDS", LISTED BELOW). The value of your Policy will vary based on the performance of the Funds you select. The following Investment Options are available (please see "The Funds" for additional Investment Options that may be available depending on when you purchased your Policy): FIDELITY(R) VARIABLE INSURANCE Pioneer Fund Portfolio PRODUCTS -- INITIAL CLASS Pioneer Strategic Income Portfolio Equity-Income Portfolio METROPOLITAN SERIES FUND, INC. High Income Portfolio BlackRock Diversified Portfolio -- Class A GOLDMAN SACHS VARIABLE INSURANCE BlackRock Money Market Portfolio -- Class TRUST -- INSTITUTIONAL SHARES A Goldman Sachs Capital Growth Fund FI Large Cap Portfolio -- Class A JANUS ASPEN SERIES -- SERVICE SHARES MetLife Aggressive Allocation Mid Cap Growth Portfolio Portfolio -- Class B LEGG MASON PARTNERS VARIABLE EQUITY MetLife Conservative Allocation TRUST -- CLASS I Portfolio -- Class B Legg Mason Partners Variable Equity Index MetLife Conservative to Moderate Portfolio Allocation Portfolio -- Class B Legg Mason Partners Variable Fundamental MetLife Moderate Allocation Value Portfolio Portfolio -- Class B Legg Mason Partners Variable Large Cap MetLife Moderate to Aggressive Allocation Growth Portfolio Portfolio -- Class B LEGG MASON PARTNERS VARIABLE INCOME TRUST MetLife Stock Index Portfolio -- Class A Legg Mason Partners Variable High Income MFS(R) Total Return Portfolio -- Class F Portfolio MFS(R) Value Portfolio -- Class A MET INVESTORS SERIES TRUST -- CLASS A Oppenheimer Global Equity Janus Forty Portfolio Portfolio -- Class A Legg Mason Partners Managed Assets Russell 2000(R) Index Portfolio -- Class A Portfolio Western Asset Management U.S. Government Met/AIM Capital Appreciation Portfolio Portfolio -- Class A Met/AIM Small Cap Growth Portfolio VANGUARD(R) VARIABLE INSURANCE FUND Oppenheimer Capital Appreciation Portfolio Mid-Cap Index Portfolio PIMCO Inflation Protected Bond Portfolio Total Stock Market Index Portfolio
Certain Funds may have been subject to a merger, substitution or other change. Please see "Additional Information Regarding Funds" below for more information. THE FUNDS
INVESTMENT INVESTMENT FUNDING OPTION OBJECTIVE ADVISER/SUBADVISER - --------------------------------- --------------------------------- --------------------------------- FIDELITY(R) VARIABLE INSURANCE PRODUCTS -- INITIAL CLASS Equity-Income Portfolio Reasonable income. The fund will Fidelity Management & Research also consider the potential for Company capital appreciation. The fund's goal is to achieve a yield which exceeds the composite yield on the securities comprising the Standard & Poor's 500(R) Index (S&P 500(R) Index). High Income Portfolio Seeks high current income and may Fidelity Management & Research also seek capital appreciation. Company GOLDMAN SACHS VARIABLE INSURANCE TRUST -- INSTITUTIONAL SHARES Goldman Sachs Capital Growth Seeks long-term growth of Goldman Sachs Asset Management, Fund capital. L.P. JANUS ASPEN SERIES -- SERVICE SHARES Global Technology Portfolio(+) Seeks long-term capital growth. Janus Capital Management LLC Mid Cap Growth Portfolio Seeks long-term growth of Janus Capital Management LLC capital. LEGG MASON PARTNERS VARIABLE EQUITY TRUST -- CLASS I Legg Mason Partners Variable Seeks investment results that, Legg Mason Partners Fund Advisor, Equity Index Portfolio before expenses, correspond to LLC the price and yield performance Subadviser: Batterymarch of the S&P 500(R) Index. Financial Management, Inc. Legg Mason Partners Variable Seeks long-term capital growth. Legg Mason Partners Fund Advisor, Fundamental Value Portfolio Current income is a secondary LLC consideration. Subadviser: ClearBridge Advisors, LLC Legg Mason Partners Variable Seeks long-term growth of Legg Mason Partners Fund Advisor, Investors Portfolio(+) capital. Current income is a LLC secondary objective. Subadviser: ClearBridge Advisors, LLC Legg Mason Partners Variable Seeks long-term growth of Legg Mason Partners Fund Advisor, Large Cap Growth Portfolio capital. LLC Subadviser: ClearBridge Advisors, LLC LEGG MASON PARTNERS VARIABLE INCOME TRUST Legg Mason Partners Variable Seeks high current income. Legg Mason Partners Fund Advisor, High Income Portfolio Secondarily, seeks capital LLC appreciation. Subadvisers: Western Asset Management Company; Western Asset Management Company Limited MET INVESTORS SERIES TRUST -- CLASS A Janus Forty Portfolio Seeks capital appreciation. Met Investors Advisory, LLC Subadviser: Janus Capital Management LLC Legg Mason Partners Managed Seeks high total return. Met Investors Advisory, LLC Assets Portfolio Subadvisers: Batterymarch Financial Management, Inc.; Western Asset Management Company; ClearBridge Advisors, LLC; Legg Mason Global Asset Allocation, LLC Met/AIM Capital Appreciation Seeks capital appreciation. Met Investors Advisory, LLC Portfolio Subadviser: Invesco Aim Capital Management, Inc. Met/AIM Small Cap Growth Seeks long-term growth of Met Investors Advisory, LLC Portfolio capital. Subadviser: Invesco Aim Capital Management, Inc. Oppenheimer Capital Seeks capital appreciation. Met Investors Advisory, LLC Appreciation Portfolio Subadviser: OppenheimerFunds, Inc. PIMCO Inflation Protected Bond Seeks to provide maximum real Met Investors Advisory, LLC Portfolio return, consistent with Subadviser: Pacific Investment preservation of capital and Management Company LLC prudent investment management. Pioneer Fund Portfolio Seeks reasonable income and Met Investors Advisory, LLC capital growth. Subadviser: Pioneer Investment Management, Inc. Pioneer Strategic Income Seeks a high level of current Met Investors Advisory, LLC Portfolio income. Subadviser: Pioneer Investment Management, Inc.
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INVESTMENT INVESTMENT FUNDING OPTION OBJECTIVE ADVISER/SUBADVISER - --------------------------------- --------------------------------- --------------------------------- METROPOLITAN SERIES FUND, INC. BlackRock Diversified Seeks high total return while MetLife Advisers, LLC Portfolio -- Class A attempting to limit investment Subadviser: BlackRock Advisors, risk and preserve capital. LLC BlackRock Money Market Seeks a high level of current MetLife Advisers, LLC Portfolio -- Class A income consistent with Subadviser: BlackRock Advisors, preservation of capital. LLC FI Large Cap Portfolio -- Class Seeks long-term growth of MetLife Advisers, LLC A capital. Subadviser: Pyramis Global Advisors, LLC MetLife Aggressive Allocation Seeks growth of capital. MetLife Advisers, LLC Portfolio -- Class B MetLife Conservative Allocation Seeks high level of current MetLife Advisers, LLC Portfolio -- Class B income, with growth of capital as a secondary objective. MetLife Conservative to Seeks high total return in the MetLife Advisers, LLC Moderate Allocation form of income and growth of Portfolio -- Class B capital, with a greater emphasis on income. MetLife Moderate Allocation Seeks a balance between a high MetLife Advisers, LLC Portfolio -- Class B level of current income and growth of capital, with a greater emphasis on growth of capital. MetLife Moderate to Aggressive Seeks growth of capital. MetLife Advisers, LLC Allocation Portfolio -- Class B MetLife Stock Index Seeks to equal the performance of MetLife Advisers, LLC Portfolio -- Class A the Standard & Poor's 500(R) Subadviser: MetLife Investment Composite Stock Price Index. Advisors Company, LLC MFS(R) Total Return Seeks a favorable total return MetLife Advisers, LLC Portfolio -- Class F through investment in a Subadviser: Massachusetts diversified portfolio. Financial Services Company MFS(R) Value Portfolio -- Class Seeks capital appreciation and MetLife Advisers, LLC A reasonable income. Subadviser: Massachusetts Financial Services Company Oppenheimer Global Equity Seeks capital appreciation. MetLife Advisers, LLC Portfolio -- Class A Subadviser: OppenheimerFunds, Inc. Russell 2000(R) Index Seeks to equal the return of the MetLife Advisers, LLC Portfolio -- Class A Russell 2000(R) Index. Subadviser: MetLife Investment Advisors Company, LLC Western Asset Management U.S. Seeks to maximize total return MetLife Advisers, LLC Government Portfolio -- consistent with preservation of Subadviser: Western Asset Class A capital and maintenance of Management Company liquidity. VANGUARD(R) VARIABLE INSURANCE FUND Mid-Cap Index Portfolio Seeks to track the performance of Vanguard Quantitative Equity a benchmark index that measures Group the investment return of mid-cap stocks. Total Stock Market Index Seeks to track the performance of Vanguard Quantitative Equity Portfolio a benchmark index that measures Group the investment return of the overall stock market.
- --------- + Not available under all Policies. Availability depends on Policy issue date. ADDITIONAL INFORMATION REGARDING FUNDS FUND SUBSTITUTIONS The following new Funds were substituted for the former Funds.
FORMER FUND NEW FUND - --------------------------------------------- --------------------------------------------- FIDELITY(R) VARIABLE INSURANCE PRODUCTS MET INVESTORS SERIES TRUST Growth Portfolio -- Initial Class Oppenheimer Capital Appreciation Portfolio -- Class A JANUS ASPEN SERIES METROPOLITAN SERIES FUND, INC. Worldwide Growth Portfolio -- Service Class Oppenheimer Global Equity Portfolio -- Class A
3 FUND CHARGES AND EXPENSES The next tables describe the Fund charges and expenses that you will indirectly pay periodically during the time that you own the Policy. The Investment Options purchase shares of the Funds at net asset value. The net asset value already reflects the deduction of each Fund's Total Operating Expenses. Therefore you are indirectly bearing the costs of Fund expenses. The first table below shows the minimum and maximum fees and expenses, as a percentage of average daily net assets, charged by any of the Funds as of December 31, 2007. The second table shows each Fund's fees and expenses, as a percentage of average daily net assets, as of December 31, 2007, unless otherwise noted. This information was provided by the Funds and we have not independently verified it. More detail concerning each Fund's fees and expenses is contained in the prospectus for each Fund. MINIMUM AND MAXIMUM TOTAL ANNUAL FUND OPERATING EXPENSES
MINIMUM MAXIMUM ------- ------- TOTAL ANNUAL FUND OPERATING EXPENSES (expenses that are deducted from Underlying Fund assets, including management fees, distribution and/or service (12b-1) fees, and other expenses)............................................................. 0.16% 1.12%
FUND FEES AND EXPENSES (as a percentage of average daily net assets)
DISTRIBUTION ACQUIRED TOTAL CONTRACTUAL FEE NET TOTAL AND/OR FUND FEES ANNUAL WAIVER AND/OR ANNUAL MANAGEMENT SERVICE(12B-1) OTHER AND OPERATING EXPENSE OPERATING FUND FEE FEES EXPENSES EXPENSES* EXPENSES REIMBURSEMENT EXPENSES** - ---- ---------- -------------- -------- --------- --------- --------------- ---------- FIDELITY(R) VARIABLE INSURANCE PRODUCTS -- INITIAL CLASS Equity-Income Portfolio.......... 0.46% -- 0.09% -- 0.55% -- 0.55% High Income Portfolio............ 0.57% -- 0.11% -- 0.68% -- 0.68% GOLDMAN SACHS VARIABLE INSURANCE TRUST -- INSTITUTIONAL SHARES Goldman Sachs Capital Growth Fund.......................... 0.75% -- 0.11% -- 0.86% -- 0.86% JANUS ASPEN SERIES -- SERVICE SHARES Global Technology Portfolio(+)... 0.64% 0.25% 0.18% 0.01% 1.08% -- 1.08% Mid Cap Growth Portfolio......... 0.64% 0.25% 0.04% -- 0.93% -- 0.93% LEGG MASON PARTNERS VARIABLE EQUITY TRUST -- CLASS I Legg Mason Partners Variable Equity Index Portfolio........ 0.31% -- 0.08% -- 0.39% -- 0.39%(1) Legg Mason Partners Variable Fundamental Value Portfolio... 0.75% -- 0.08% -- 0.83% -- 0.83%(1) Legg Mason Partners Variable Investors Portfolio(+)........ 0.62% -- 0.14% -- 0.76% -- 0.76%(1) Legg Mason Partners Variable Large Cap Growth Portfolio(++)................. 0.75% -- 0.15% -- 0.90% -- 0.90%(2) LEGG MASON PARTNERS VARIABLE INCOME TRUST Legg Mason Partners Variable High Income Portfolio(++).......... 0.60% -- 0.15% -- 0.75% -- 0.75%(1) MET INVESTORS SERIES TRUST -- CLASS A Janus Forty Portfolio............ 0.65% -- 0.05% -- 0.70% -- 0.70% Legg Mason Partners Managed Assets Portfolio.............. 0.50% -- 0.12% -- 0.62% -- 0.62% Met/AIM Capital Appreciation Portfolio..................... 0.76% -- 0.10% -- 0.86% -- 0.86% Met/AIM Small Cap Growth Portfolio..................... 0.86% -- 0.06% -- 0.92% -- 0.92% Oppenheimer Capital Appreciation Portfolio..................... 0.58% -- 0.04% -- 0.62% -- 0.62% PIMCO Inflation Protected Bond Portfolio..................... 0.50% -- 0.05% -- 0.55% -- 0.55% Pioneer Fund Portfolio........... 0.75% -- 0.23% -- 0.98% -- 0.98%(3) Pioneer Strategic Income Portfolio..................... 0.60% -- 0.09% -- 0.69% -- 0.69%(4) METROPOLITAN SERIES FUND, INC. BlackRock Diversified Portfolio -- Class A.......... 0.44% -- 0.06% -- 0.50% -- 0.50% BlackRock Money Market Portfolio -- Class A.................... 0.33% -- 0.07% -- 0.40% 0.01% 0.39%(5) FI Large Cap Portfolio -- Class A............................. 0.77% -- 0.07% -- 0.84% -- 0.84% MetLife Aggressive Allocation Portfolio -- Class B.......... 0.10% 0.25% 0.04% 0.73% 1.12% 0.04% 1.08%(6)
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DISTRIBUTION ACQUIRED TOTAL CONTRACTUAL FEE NET TOTAL AND/OR FUND FEES ANNUAL WAIVER AND/OR ANNUAL MANAGEMENT SERVICE(12B-1) OTHER AND OPERATING EXPENSE OPERATING FUND FEE FEES EXPENSES EXPENSES* EXPENSES REIMBURSEMENT EXPENSES** - ---- ---------- -------------- -------- --------- --------- --------------- ---------- MetLife Conservative Allocation Portfolio -- Class B.......... 0.10% 0.25% 0.05% 0.59% 0.99% 0.05% 0.94%(6) MetLife Conservative to Moderate Allocation Portfolio -- Class B............................. 0.10% 0.25% 0.01% 0.64% 1.00% 0.01% 0.99%(6) MetLife Moderate Allocation Portfolio -- Class B.......... 0.08% 0.25% 0.01% 0.67% 1.01% -- 1.01%(6) MetLife Moderate to Aggressive Allocation Portfolio -- Class B............................. 0.08% 0.25% 0.01% 0.70% 1.04% -- 1.04%(6) MetLife Stock Index Portfolio -- Class A.................... 0.25% -- 0.04% -- 0.29% 0.01% 0.28%(7) MFS(R) Total Return Portfolio -- Class F.......... 0.53% 0.20% 0.05% -- 0.78% -- 0.78% MFS(R) Value Portfolio -- Class A............................. 0.72% -- 0.05% -- 0.77% 0.07% 0.70%(8) Oppenheimer Global Equity Portfolio -- Class A.......... 0.51% -- 0.10% -- 0.61% -- 0.61% Russell 2000(R) Index Portfolio -- Class A.......... 0.25% -- 0.07% 0.01% 0.33% 0.01% 0.32%(7) Western Asset Management U.S. Government Portfolio -- Class A............................. 0.49% -- 0.05% -- 0.54% -- 0.54% VANGUARD(R) VARIABLE INSURANCE FUND Mid-Cap Index Portfolio.......... 0.20% -- 0.04% -- 0.24% -- 0.24% Total Stock Market Index Portfolio..................... 0.12% -- 0.04% -- 0.16% -- 0.16%
- --------- * Acquired Fund Fees and Expenses are fees and expenses incurred indirectly by a portfolio as a result of investing in shares of one or more underlying portfolios. ** Net Total Annual Operating Expenses do not reflect: (1) voluntary waivers of fees or expenses; (2) contractual waivers that are in effect for less than one year from the date of this Prospectus; or (3) expense reductions resulting from custodial fee credits or directed brokerage arrangements. + Not available under all Policies. Availability depends on Policy issue date. ++ Fees and expenses of this Portfolio are based on the Portfolio's fiscal year ended October 31, 2007. ++++ Fees and expenses of this Portfolio are based on the Portfolio's fiscal year ended January 31, 2008. (1) Other Expenses have been revised to reflect the estimated effect of additional prospectus and shareholder report printing and mailing expenses expected to be incurred by the fund going forward. (2) Other Expenses have been revised to reflect the estimated effect of additional prospectus and shareholder report printing and mailing expenses expected to be incurred by the fund going forward. Due to contractual waivers and/or reimbursements in place through March 1, 2009, the Portfolio's actual total net operating expenses, excluding brokerage, taxes, interest and extraordinary expenses, are not expected to exceed 0.78% prior to that date. (3) Other Expenses have been restated to reflect a change in the Transfer Agent fee schedule as if fees had been in effect during the previous fiscal year. (4) The Management Fee has been restated to reflect an amended management fee agreement, as if the agreement had been in effect during the preceding fiscal year. (5) MetLife Advisers, LLC has contractually agreed, for the period April 28, 2008 through April 30, 2009, to reduce the Management Fee for each Class of the Portfolio to the annual rate of 0.345% for the first $500 million of the Portfolio's average daily net assets and 0.335% for the next $500 million. (6) The Portfolio is a "fund of funds" that invests substantially all of its assets in other portfolios of the Metropolitan Series Fund, Inc. and the Met Investors Series Trust. Because the Portfolio invests in other underlying portfolios, the Portfolio will bear its pro rata portion of the operating expenses of the underlying portfolios in which it invests, including the management fee. MetLife Advisers, LLC has contractually agreed, for the period April 28, 2008 through April 30, 2009, to waive fees or pay all expenses (other than acquired fund fees and expenses, brokerage costs, taxes, interest and any extraordinary expenses) so as to limit the net operating expenses of the Portfolio (other than acquired fund fees and expenses, brokerage costs, taxes, interest and any extraordinary expenses) to 0.10% for the Class A shares, 0.35% for the Class B shares and 0.25% for the Class E shares. (7) MetLife Advisers, LLC has contractually agreed, for the period April 28, 2008 through April 30, 2009, to reduce the Management Fee for each Class of the Portfolio to 0.243%. (8) MetLife Advisers, LLC has contractually agreed, for the period April 28, 2008 through April 30, 2009, to reduce the Management Fee for each Class of the Portfolio to the annual rate of 0.65% for the first $1.25 billion of the Portfolio's average daily net assets, 0.60% for the next $250 million and 0.50% for amounts over $1.5 billion. MORTALITY AND EXPENSE RISK CHARGE We are waiving 0.15% of the Mortality and Expense Risk Charge for the Investment Option investing in the Western Asset Management U.S. Government Portfolio of the Metropolitan Series Fund, Inc. We are also waiving the following amounts of Mortality and Expense Risk Charge: an amount equal to the Fund expenses that are in excess of 0.265% for the Investment Option investing in the MetLife Stock Index Portfolio -- Class A of the Metropolitan 5 Series Fund, Inc.; an amount equal to the Fund expenses that are in excess of 0.65% of the Investment Option investing in the PIMCO Inflation Protected Bond Portfolio -- Class A of the Met Investors Series Trust; an amount equal to the Fund expenses that are in excess of 0.68% for the Investment Option investing in the Oppenheimer Capital Appreciation Portfolio -- Class A; and an amount equal to the Fund expenses that are in excess of 0.64% for the Investment Option investing in the Oppenheimer Global Equity Portfolio -- Class A. DESCRIPTION OF THE COMPANY, SEPARATE ACCOUNTS AND FUNDS The following paragraph replaces the second paragraph under THE SEPARATE ACCOUNTS AND THEIR INVESTMENT OPTIONS: Before December 7, 2007, certain of the Policies were issued by MetLife Life and Annuity Company of Connecticut ("MLAC"), a stock life insurance company chartered in 1973 in Connecticut. These Policies were funded through Fund UL II, a separate account registered with the SEC as a unit investment trust under the Investment Company Act of 1940, as amended. On December 7, 2007, MLAC, a wholly- owned subsidiary of the Company and an indirect, wholly-owned subsidiary of MetLife, Inc., merged with and into the Company. Upon consummation of the merger, MLAC's corporate existence ceased by operation of law, and the Company assumed legal ownership of all of the assets of MLAC, including Fund UL II and its assets. Pursuant to the merger, therefore, Fund UL II became a separate account of the Company. As a result of the merger, the Company also has become responsible for all of MLAC's liabilities and obligations, including those created under the Policy as initially issued by MLAC (formerly known as The Travelers Life and Annuity Company) and outstanding on the date of the merger. The Policy has thereby become a variable contract funded by a separate account of the Company, and each owner thereof has become a Policy Owner of the Company. The following paragraph is added under THE SEPARATE ACCOUNTS AND THEIR INVESTMENT OPTIONS: We anticipate merging MetLife of CT Fund UL II for Variable Life Insurance with and into MetLife of CT Fund UL for Variable Life Insurance during the fourth quarter of 2008 at the earliest, subject to regulatory approval. This merger will have no effect on the provisions of, and the rights and obligations under, the Policy. Similarly, the merger will not have any adverse impact on your Cash Value or any tax consequences for you. PREMIUMS The following sentence is added under AMOUNT, FREQUENCY AND DURATION OF PREMIUM PAYMENTS: If you send your Premium Payments or transaction requests to an address other than the one we have designated for receipt of such Premium Payments or requests, we may return the Premium Payments to you, or there may be a delay in applying the Premium Payment or transaction to your Policy. DISTRIBUTION AND COMPENSATION The following sentence is added under DISTRIBUTION: The Financial Industry Regulatory Authority (FINRA) maintains a Public Disclosure Program for investors. A brochure that includes information describing the Program is available by calling FINRA's Public Disclosure Program hotline at 1-800-289-9999, or by visiting FINRA's website at www.finra.org. Book 44 April 28, 2008 6 -----END PRIVACY-ENHANCED MESSAGE-----