-----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, Toc5u5mLkKRk9NgNYZ+d8+AJuIo2C3vRgsU6StXVb04TMHTHwaQgv8hfaQC2hSrW u57NYzhxV/OsJvambY38Ug== 0000950109-02-004967.txt : 20021001 0000950109-02-004967.hdr.sgml : 20021001 20020930182927 ACCESSION NUMBER: 0000950109-02-004967 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20021001 FILER: COMPANY DATA: COMPANY CONFORMED NAME: METROPOLITAN LIFE SEPARATE ACCOUNT UL CENTRAL INDEX KEY: 0000858997 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-47927 FILM NUMBER: 02777409 BUSINESS ADDRESS: STREET 1: 1 MADISON AVE STREET 2: METROPOLITAN LIFE INSURANCE CO CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 2125788717 MAIL ADDRESS: STREET 1: 1 MADISON AVENUE STREET 2: LAW DEPARTMENT AREA 7 G CITY: NEW YORK STATE: NY ZIP: 10010 497 1 d497.txt METLIFE SEPARATE ACCOUNT UL UL 2001, FLEXIBLE PREMIUM MULTIFUNDED LIFE INSURANCE POLICY ISSUED BY METROPOLITAN LIFE COMPANY SUPPLEMENT DATED OCTOBER 1, 2002 To PROSPECTUS DATED MAY 1, 2002 This supplements the information contained in the prospectus ("Prospectus") for UL 2001 Flexible Premium Multifunded Life Insurance Policies, dated May 1, 2002. You should keep this October 1, 2002 Supplement to the Prospectus for future reference. 1. Under the terms of the UL 2001 policies, a policy owner may annually withdraw up to 10% of the policy's "cash surrender value" (as that term is defined in the policy) without paying any surrender charge that would otherwise apply. Due to an error on our part, two references in the May 1, 2002 prospectus describe this free withdrawal right as applying to 10% of a policy's "cash value" (rather than "cash surrender value"). 2. The following illustrations replace the illustrations that appear on pages A45 and A47 of the prospectus. Male Issue Age 40 $1,800 Annual Premium for NonSmoker Preferred Underwriting Risk $250,000 Face Amount Option A Death Benefit This illustration is based on CURRENT Policy charges.
DEATH BENEFIT CASH SURRENDER VALUE CASH VALUE Premiums Assuming Hypothetical Assuming Hypothetical Assuming Hypothetical Accumulated Gross Annual Gross Annual Gross Annual End of at 5% Rate of Return of Rate of Return of Rate of Return of Policy Interest -------------------------- ------------------------ ------------------------ Year Per Year 0% 6% 12% 0% 6% 12% 0% 6% 12% - ------ ----------- -------- ======== -------- ------- ------- -------- ------- ------- -------- 1. $ 1,890 $250,000 $250,000 $250,000 $ 0 $ 0 $ 0 $ 976 $ 1,054 $ 1,132 2. 3,875 250,000 250,000 250,000 0 0 0 2,221 2,448 2,684 3. 5,958 250,000 250,000 250,000 189 643 1,135 3,429 3,883 4,375 4. 8,146 250,000 250,000 250,000 1,718 2,480 3,338 4,598 5,360 6,218 5. 10,443 250,000 250,000 250,000 3,200 4,353 5,701 5,720 6,873 8,221 6. 12,856 250,000 250,000 250,000 4,645 6,271 8,249 6,805 8,431 10,409 7. 15,388 250,000 250,000 250,000 5,893 8,076 10,840 7,837 10,020 12,784 8. 18,048 250,000 250,000 250,000 7,105 9,930 13,655 8,833 11,658 15,383 9. 20,840 250,000 250,000 250,000 8,280 11,835 16,717 9,792 13,347 18,229 10. 23,772 250,000 250,000 250,000 9,411 13,784 20,042 10,707 15,080 21,338 15. 40,783 250,000 250,000 250,000 14,533 24,526 42,224 14,749 24,742 42,440 20. 62,495 250,000 250,000 250,000 17,170 35,708 76,946 17,170 35,708 76,946 25. 90,204 250,000 250,000 250,000 17,079 47,405 133,725 17,079 47,405 133,725 30. 125,569 250,000 250,000 293,610 11,769 57,691 229,330 11,769 57,691 229,330 35. 170,705 250,000 455,257 0 63,050 390,170 0 63,050 390,170
IT IS EMPHASIZED THAT THE HYPOTHETICAL GROSS ANNUAL RATES OF RETURN SHOWN ABOVE ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF PAST OR FUTURE GROSS ANNUAL RATES OF RETURN. ACTUAL GROSS RATES OF RETURN MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND ON A NUMBER OF FACTORS, INCLUDING THE INVESTMENT ALLOCATIONS MADE BY A POLICY OWNER, THE FREQUENCY OF PREMIUM PAYMENTS CHOSEN BY THE POLICY OWNER, AND THE INVESTMENT EXPERIENCE OF THE INVESTMENT DIVISIONS SELECTED FOR THE POLICY. THE DEATH BENEFIT, CASH VALUE AND CASH SURRENDER VALUES FOR A POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL GROSS ANNUAL RATES OF RETURN AVERAGED 0%, 6%, AND 12% OVER A PERIOD OF YEARS, BUT VARIED ABOVE OR BELOW THAT AVERAGE DURING THE PERIOD. THEY WOULD ALSO BE DIFFERENT IF ANY POLICY LOAN WERE MADE DURING THE PERIOD. NO REPRESENTATION CAN BE MADE BY METLIFE OR THE FUNDS THAT THOSE HYPOTHETICAL RATES OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER ANY PERIOD OF TIME. Male Issue Age 40 $1,800 Annual Premium for NonSmoker Preferred Underwriting Risk $250,000 Face Amount Option B Death Benefit This illustration is based on CURRENT Policy charges.
DEATH BENEFIT CASH SURRENDER VALUE CASH VALUE Premiums Assuming Hypothetical Assuming Hypothetical Assuming Hypothetical Accumulated Gross Annual Gross Annual Gross Annual End of at 5% Rate of Return of Rate of Return of Rate of Return of Policy Interest -------------------------- ------------------------ ------------------------ Year Per Year 0% 6% 12% 0% 6% 12% 0% 6% 12% - ------ ----------- -------- -------- -------- ------- ------- -------- ------- ------- -------- 1. $ 1,890 $250,977 $251,055 $251,134 $ 0 $ 0 $ 0 $ 974 $ 1,052 $ 1,130 2. 3,875 252,185 252,411 252,646 0 0 0 2,176 2,401 2,636 3. 5,958 253,341 253,791 254,279 85 532 1,018 3,325 3,772 4,258 4. 8,146 254,455 255,207 256,054 1,548 2,294 3,135 4,428 5,174 6,015 5. 10,443 255,523 256,655 257,981 2,964 4,086 5,400 5,484 6,606 7,920 6. 12,856 256,555 258,146 260,085 4,340 5,915 7,835 6,500 8,075 9,995 7. 15,388 257,533 259,664 262,368 5,518 7,624 10,295 7,462 9,568 12,239 8. 18,048 258,476 261,228 264,864 6,658 9,373 12,960 8,386 11,101 14,688 9. 20,840 259,383 262,838 267,596 7,760 11,164 15,849 9,272 12,676 17,361 10. 23,772 260,245 264,487 270,577 8,816 12,989 18,974 10,112 14,285 20,270 15. 40,783 263,990 273,603 290,691 13,506 22,883 39,529 13,722 23,099 39,745 20. 62,495 265,990 283,574 322,879 15,558 32,560 70,480 15,558 32,560 70,480 25. 90,204 265,294 293,364 373,784 14,699 41,574 118,363 14,699 41,574 118,363 30. 125,569 259,110 299,591 452,469 8,398 46,711 191,070 8,398 46,711 191,070 35. 170,705 296,650 572,770 0 42,358 299,959 0 42,358 299,959
IT IS EMPHASIZED THAT THE HYPOTHETICAL GROSS ANNUAL RATES OF RETURN SHOWN ABOVE ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF PAST OR FUTURE GROSS ANNUAL RATES OF RETURN. ACTUAL GROSS RATES OF RETURN MAY BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND ON A NUMBER OF FACTORS, INCLUDING THE INVESTMENT ALLOCATIONS MADE BY A POLICY OWNER, THE FREQUENCY OF PREMIUM PAYMENTS CHOSEN BY THE POLICY OWNER, AND THE INVESTMENT EXPERIENCE OF THE INVESTMENT DIVISIONS SELECTED FOR THE POLICY. THE DEATH BENEFIT, CASH VALUE AND CASH SURRENDER VALUES FOR A POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL GROSS ANNUAL RATES OF RETURN AVERAGED 0%, 6%, AND 12% OVER A PERIOD OF YEARS, BUT VARIED ABOVE OR BELOW THAT AVERAGE DURING THE PERIOD. THEY WOULD ALSO BE DIFFERENT IF ANY POLICY LOAN WERE MADE DURING THE PERIOD. NO REPRESENTATION CAN BE MADE BY METLIFE OR THE FUNDS THAT THOSE HYPOTHETICAL RATES OF RETURN CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER ANY PERIOD OF TIME. UL 2001 Supp (0902) -----END PRIVACY-ENHANCED MESSAGE-----