497 1 dynvulsummerfundsupp.htm SUPPLEMENT -- HTML dynvulsummerfundsupp.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

DYNAMIC VARIABLE LIFE I

SINGLE PREMIUM VARIABLE UNIVERSAL LIFE INSURANCE POLICIES

issued by
ReliaStar Life Insurance Company

and its

ReliaStar United Services Variable Life Separate Account I

Supplement Effective as of May 1, 2009

This supplement updates and amends certain information contained in your Prospectus dated May 1, 1994, ad subsequent supplements thereto. Please read it carefully and keep it with your Prospectus for future reference.

IMPORTANT INFORMATION REGARDING FUND NAME CHANGES

Effective May 1, 2009, certain of the Funds available through the ReliaStar United Services Variable Life Separate Account I (the “Separate Account”) will change their names as follows:

 Former Fund Name  Current Fund Name 

ING VP Balanced Portfolio  ING Balanced Portfolio 

ING VP Growth and Income Portfolio  ING Growth and Income Portfolio 

ING VP Intermediate Bond Portfolio  ING Intermediate Bond Portfolio 


INFORMATION ABOUT THE FUNDS AVAILABLE THROUGH THE SEPARATE ACCOUNT

The following Funds are available through the Separate Account:

  • ING Balanced Portfolio (Class I)
  • ING Growth and Income Portfolio (Class I)
  • ING Intermediate Bond Portfolio (Class I)
  • ING Liquid Assets Portfolio (Class I)

The following chart lists the investment advisers and subadvisers and information regarding the investment objectives of the Funds available through the Policy. More detailed information about these Funds can be found in the current prospectus and Statement of Additional Information for each Fund.

There is no assurance that the stated objectives and policies of any of the Funds will be achieved. Shares of the Funds will rise and fall in value and you could lose money by investing in the Funds. Shares of the Funds are not bank deposits and are not guaranteed, endorsed or insured by any financial institution, the Federal Deposit Insurance Corporation or any other government agency. Except as noted, all Funds are diversified, as defined under the 1940 Act.

153398  Page 1 of 2  August 2008 


Investment Adviser/
Fund Name  Subadviser  Investment Objective 

ING Balanced Portfolio (Class I)  Investment Adviser:  Seeks to maximize investment 
  ING Investments, LLC  return, consistent with reasonable 
  Subadviser:  safety of principal, by investing in a 
  ING Investment Management Co.  diversified portfolio of one or more 
    of the following asset classes: 
    stocks, bonds and cash equivalents, 
    based on the judgment of the 
    portfolio’s management, of which 
    of those sectors or mix thereof 
    offers the best investment 
    prospects. 

ING Growth and Income  Investment Adviser:  Seeks to maximize total return 
Portfolio (Class I)  ING Investments, LLC  through investments in a diversified 
  Subadviser:  portfolio of common stocks and 
  ING Investment Management Co.  securities convertible into common 
    stock. 

ING Intermediate Bond Portfolio  Investment Adviser:  Seeks to maximize total return 
(Class I)  ING Investments, LLC  consistent with reasonable risk. 
  Subadviser:   
ING Investment Management Co.

ING Liquid Assets Portfolio  Investment Adviser:  Seeks high level of current income 
(Class I)  Directed Services LLC  consistent with the preservation of 
  Subadviser:  capital and liquidity. 
ING Investment Management Co.


MORE INFORMATION IS AVAILABLE

More information about the Funds available through your Policy, including information about the risks associated with investing in them, can be found in the current prospectus and Statement of Additional Information for each Fund. You may obtain these documents by contacting the Company at its:

  ING Customer Service Center
P.O. Box 5011
Minot, ND 58702-5011
1-877-886-5050

153398  Page 2 of 2  August 2008