497 1 supplementslii.htm SUPPLEMENT -- HTML

SELECTHLIFE II

 

A FLEXIBLE PREMIUM VARIABLE UNIVERSAL LIFE INSURANCE POLICY

issued by

ReliaStar Life Insurance Company

and its

SelectHLife Variable Account

 

Supplement dated October 24, 2003, to the Prospectus dated May 1, 2003

 

This supplement amends certain information contained in the prospectus dated May 1, 2003, as amended on June 19, 2003, and August 26, 2003. Please read it carefully and keep it with your prospectus for future reference.

______________________________________________________________________

 

Information about the Fidelity® VIP Index 500 Portfolio in Appendix B is hereby deleted in its entirety and replaced with the following:


Fund Name

Investment Adviser/
Subadviser


Investment Objective

Total Annual
Fund Expenses

Fidelity® VIP Index 500 Portfolio
(Initial Class)2

Investment Adviser:
Fidelity Management & Research Company
Subadviser:
Geode Capital Management, LLC

Seeks investment results that correspond to the total return of common stocks publicly traded in the United States, as represented by the Standard & Poor's 500 Index (S&P 500).

Gross: 0.33%
Net: 0.33%

2

The fund's manager has voluntarily agreed to reimburse the class to the extent that total operating expenses (excluding interest, taxes, certain securities lending costs, brokerage commissions and extraordinary expenses) exceed 0.28%. This arrangement can be discontinued by the fund's manager at any time.





















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