<PAGE>
UNITED INVESTORS LIFE INSURANCE COMPANY
Advantage Plus Flexible Premium Variable Life Insurance Policy
Supplement dated August 31, 1998 to Prospectus dated May 1, 1998
THE FOLLOWING INFORMATION SUPPLEMENTS AND SUPERSEDES ANY CONTRARY INFORMATION IN
THE ADVANTAGE PLUS PROSPECTUS:
The name of TMK/United Funds, Inc. has been changed to "Target/United Funds,
Inc." Accordingly, the above Prospectus is amended to (1) delete "TMK/United"
and (2) substitute "Target/United."
Target/United Funds, Inc. has added a "Rule 12b-1" service fee. Accordingly,
the section of the above Prospectus entitled "PORTFOLIOS AVAILABLE THROUGH
INVESTMENT DIVISIONS" is amended to (1) delete the table entitled "TMK/United
Annual Expenses," and (2) substitute the following table and footnotes to the
table of in its place:
<TABLE>
<CAPTION>
TARGET/UNITED ANNUAL EXPENSES (1)
(Expressed as a Percentage of Net Assets of the Portfolio) (2)
Management 12B-1 Other Total Portfolio
Portfolio Fees Fees (3) Expenses Expenses
- -------------------------------- -------------------- -------------------- -------------------- --------------------
<S> <C> <C> <C> <C>
Asset Strategy 0.80% 0.25% 0.13% 1.18%
Balanced 0.60% 0.25% 0.07% 0.92%
Bond 0.53% 0.25% 0.05% 0.83%
Growth 0.70% 0.25% 0.02% 0.97%
High Income 0.65% 0.25% 0.05% 0.95%
Income 0.70% 0.25% 0.02% 0.97%
International 0.80% 0.25% 0.18% 1.23%
Limited-Term Bond 0.55% 0.25% 0.18% 0.98%
Money Market 0.50% 0.25% 0.08% 0.83%
Science and Technology 0.69% 0.25% 0.25% 1.19%
Small Cap 0.85% 0.25% 0.05% 1.15%
</TABLE>
(1) The Target/United Annual Expenses shown above are assessed at the underlying
Portfolio level and are not direct charges against Variable Account assets
or reductions from Policy Value. These expenses are taken into
consideration in computing each underlying Portfolio's net asset value which
is the share price used to calculate the unit values of the Investment
Divisions of the Variable Account. These expenses are more fully explained
in the prospectus for Target/United. The information relating to these
expenses was provided by Waddell & Reed, Inc. and was not independently
verified by United Investors.
(2) The percentages are based on expenses incurred for the year ended December
31, 1997 except for the Science and Technology Portfolio, which is a new
portfolio, where the figures are estimates for the year ending December 31,
1998.
(3) Effective August 31, 1998, Target/United Funds, Inc. has adopted a Service
Plan (the "Plan") pursuant to Rule 12b-1 under the Investment Company Act of
1940. Under the Plan, each Portfolio may pay monthly a service fee to
Waddell & Reed, Inc., the principal underwriter of Target/United and the
Policy, in an amount not to exceed 0.25% of the Portfolio's average annual
net assets. The fee is paid to reimburse Waddell & Reed, Inc. to finance
the provision of personal services to Policyowners and maintenance of
Policyowner accounts.
<PAGE>
The section of the above Prospectus entitled "HYPOTHETICAL ILLUSTRATIONS" is
amended to (1) delete the first sentence of the second paragraph, and (2) add
the following sentence in its place:
The illustrations assume an average annual expense ratio of 1.02% of the
average daily net assets of the Portfolios available under the Policies,
based on the expense ratios of each of the Portfolios for the last fiscal
year of operations and the Service Fee ("12b-1 Fee"), at an annual rate of
0.25%, under the Service Plan beginning August 31, 1998, pursuant to Rule
12b-1 under the Investment Company Act of 1940.
The section of the above Prospectus entitled "HYPOTHETICAL ILLUSTRATIONS" is
amended to (1) delete the fifth sentence of the second paragraph, and (2)
substitute the following sentence in its place:
After deduction of estimated Portfolio expenses and the current mortality
and expense risk charge, the illustrated gross annual investment rates of
return of 0%, 6%, and 12% would correspond to approximate net annual rates
of return for the Investment Divisions of -1.92%, 4.08%, and 10.08%
respectively in policy years 1 through 10 and -1.72%, 4.28%, and 10.28%
respectively thereafter.
The section of the above Prospectus entitled "HYPOTHETICAL ILLUSTRATIONS" is
amended to (1) delete the hypothetical illustrations, and (2) substitute the
attached hypothetical illustrations in their place.
The Prospectus dated May 1, 1998 for TMK/United Funds, Inc. has been amended.
Please refer to the Prospectus Supplement dated August 31, 1998 for TMK/United
Funds, Inc.
This Supplement is dated August 31, 1998.
Please keep this Supplement with your Prospectus dated May 1, 1998
for the Advantage Plus Flexible Premium Variable Life Insurance Policy
<PAGE>
MALE ISSUE AGE 35, STANDARD NON-TOBACCO
$1,000 ANNUAL PREMIUM
$100,000 FACE AMOUNT, OPTION A
CURRENT CHARGES
<TABLE>
<CAPTION>
DEATH BENEFITS POLICY VALUES SURRENDER VALUES
-------------------------- ----------------------- -----------------------
END OF PREMIUMS ASSUMING HYPOTHETICAL GROSS
POLICY + INTEREST AT ANNUAL RATE OF RETURN OF:
YEAR 5% PER YEAR 0% 6% 12% 0% 6% 12% 0% 6% 12%
- ------ ------------- -------- -------- -------- ------- ------- ------- ------- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 $ 1,050 $100,000 $100,000 $100,000 $ 706 $ 756 $ 806 $ 6 $ 56 $ 106
2 2,153 100,000 100,000 100,000 1,391 1,535 1,686 691 835 986
3 3,310 100,000 100,000 100,000 2,052 2,336 2,644 1,352 1,636 1,944
4 4,526 100,000 100,000 100,000 2,690 3,158 3,687 1,990 2,458 2,987
5 5,802 100,000 100,000 100,000 3,304 4,003 4,825 2,604 3,303 4,125
6 7,142 100,000 100,000 100,000 3,891 4,867 6,064 3,255 4,231 5,428
7 8,549 100,000 100,000 100,000 4,457 5,757 7,418 3,684 5,184 6,845
8 10,027 100,000 100,000 100,000 5,003 6,674 8,901 4,494 6,165 8,392
9 11,578 100,000 100,000 100,000 5,535 7,627 10,534 5,090 7,182 10,089
10 13,207 100,000 100,000 100,000 6,053 8,617 12,332 5,671 8,235 11,950
11 14,917 100,000 100,000 100,000 6,564 9,656 14,329 6,246 9,338 14,011
12 16,713 100,000 100,000 100,000 7,054 10,729 16,525 6,799 10,474 16,270
13 18,599 100,000 100,000 100,000 7,521 11,836 18,940 7,330 11,645 18,749
14 20,579 100,000 100,000 100,000 7,970 12,982 21,601 7,843 12,655 21,474
15 22,657 100,000 100,000 100,000 8,408 14,176 24,539 8,344 14,112 24,475
16 24,840 100,000 100,000 100,000 8,824 15,411 27,778 8,824 15,411 27,776
17 27,132 100,000 100,000 100,000 9,201 16,672 31,335 9,201 16,672 31,335
18 29,539 100,000 100,000 100,000 9,542 17,963 35,249 9,542 17,963 35,249
19 32,066 100,000 100,000 100,000 9,840 19,278 39,554 9,840 19,278 39,554
20 34,719 100,000 100,000 100,000 10,092 20,617 44,296 10,092 20,617 44,296
21 37,505 100,000 100,000 100,000 10,296 21,980 49,523 10,296 21,980 49,523
22 40,430 100,000 100,000 100,000 10,445 23,364 55,292 10,445 23,364 55,292
23 43,502 100,000 100,000 100,000 10,530 24,760 61,662 10,530 24,760 61,662
24 46,727 100,000 100,000 100,000 10,550 26,171 68,710 10,550 26,171 68,710
25 50,113 100,000 100,000 102,530 10,489 27,586 76,515 10,489 27,586 76,515
26 53,669 100,000 100,000 110,666 10,347 29,008 85,128 10,347 29,008 85,128
27 57,403 100,000 100,000 121,073 10,105 30,422 94,588 10,105 30,422 94,588
28 61,323 100,000 100,000 132,277 9,765 31,834 104,982 9,765 31,834 104,982
29 65,439 100,000 100,000 144,336 9,304 33,231 116,400 9,304 33,231 116,400
30 69,761 100,000 100,000 157,312 8,710 34,605 128,944 8,710 34,605 128,944
</TABLE>
The hypothetical investment rates of return shown above are illustrative
only and should not be deemed a representation of past or future investment
rates of return. Actual rate of return may be more or less than those shown
and will depend on a number of factors, including the investment allocations
made by an Owner and the investment experience of the Portfolios. The Death
Benefit, Policy Value and Surrender Value for a Policy would be different from
those shown if the actual gross annual rates of return averaged 0%, 6% or 12%
over a period of years, but also fluctuated above or below those averages for
individual Policy Years. They would also be different if any Policy Loans or
Partial Surrenders were made. No representations can be made by United
Investors Life Insurance Company or the Variable Account or the Portfolios
that these hypothetical rates of return can be achieved for any one year or
sustained over a period of time.
<PAGE>
MALE ISSUE AGE 50, STANDARD NON-TOBACCO
$2,500 ANNUAL PREMIUM
$100,000 FACE AMOUNT, OPTION A
CURRENT CHARGES
<TABLE>
<CAPTION>
DEATH BENEFITS POLICY VALUES SURRENDER VALUES
-------------------------- ------------------------ -----------------------
END OF PREMIUMS ASSUMING HYPOTHETICAL GROSS
POLICY + INTEREST AT ANNUAL RATE OF RETURN OF:
YEAR 5% PER YEAR 0% 6% 12% 0% 6% 12% 0% 6% 12%
- ------ ------------- -------- -------- -------- ------- ------- -------- ------- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 $ 2,625 $100,000 $100,000 $100,000 $ 1,838 $ 1,966 $ 2,094 $ 838 $ 966 $ 1,094
2 5,381 100,000 100,000 100,000 3,605 3,976 4,363 2,605 2,976 3,363
3 8,275 100,000 100,000 100,000 5,328 6,060 6,854 4,328 5,060 5,854
4 11,314 100,000 100,000 100,000 6,994 8,206 9,575 5,994 7,206 8,575
5 14,505 100,000 100,000 100,000 8,583 10,397 12,533 7,583 9,397 11,533
6 17,855 100,000 100,000 100,000 10,113 12,654 15,771 9,204 11,745 14,862
7 21,373 100,000 100,000 100,000 11,569 14,964 19,305 10,751 14,146 18,487
8 25,066 100,000 100,000 100,000 12,940 17,319 23,161 12,213 16,592 22,434
9 28,945 100,000 100,000 100,000 14,227 19,724 27,377 13,591 19,088 26,741
10 33,017 100,000 100,000 100,000 15,424 22,176 31,992 14,879 21,631 31,447
11 37,293 100,000 100,000 100,000 16,542 24,706 37,107 16,087 24,251 36,652
12 41,782 100,000 100,000 100,000 17,565 27,293 42,743 17,201 26,929 42,379
13 46,497 100,000 100,000 100,000 18,539 29,985 49,005 18,266 29,712 48,732
14 51,446 100,000 100,000 100,000 19,491 32,812 55,989 19,309 32,630 55,807
15 56,644 100,000 100,000 100,000 20,405 35,771 63,775 20,314 35,680 63,684
16 62,101 100,000 100,000 100,000 21,121 38,742 72,403 21,121 38,742 72,403
17 67,831 100,000 100,000 100,000 21,695 41,781 82,031 21,695 41,781 82,031
18 73,848 100,000 100,000 109,428 22,130 44,904 92,735 22,130 44,904 92,735
19 80,165 100,000 100,000 122,248 22,412 48,117 104,465 22,412 48,117 104,485
20 86,798 100,000 100,000 136,156 22,507 51,417 117,376 22,507 51,417 117,376
21 93,763 100,000 100,000 151,252 22,418 54,828 131,523 22,418 54,828 131,523
22 101,076 100,000 100,000 165,205 22,089 58,345 147,084 22,089 58,345 147,084
23 108,755 100,000 100,000 182,289 21,519 62,002 164,224 21,519 62,002 164,224
24 116,818 100,000 100,000 199,608 20,679 65,822 183,127 20,679 65,822 183,127
25 125,284 100,000 100,000 218,278 19,492 69,819 203,999 19,492 69,819 203,999
26 134,173 100,000 100,000 238,448 17,940 74,042 227,093 17,940 74,042 227,093
27 143,506 100,000 100,000 265,069 15,916 78,526 252,447 15,916 78,526 252,447
28 153,307 100,000 100,000 294,288 13,382 83,343 280,274 13,382 83,343 280,274
29 163,597 100,000 100,000 326,330 10,188 88,566 310,790 10,188 88,566 310,790
30 174,402 100,000 100,000 361,458 6,268 94,310 344,245 6,268 94,310 344,245
</TABLE>
The hypothetical investment rates of return shown above are illustrative
only and should not be deemed a representation of past or future investment
rates of return. Actual rate of return may be more or less than those shown
and will depend on a number of factors, including the investment allocations
made by an Owner and the investment experience of the Portfolios. The Death
Benefit, Policy Value and Surrender Value for a Policy would be different from
those shown if the actual gross annual rates of return averaged 0%, 6% or 12%
over a period of years, but also fluctuated above or below those averages for
individual Policy Years. They would also be different if any Policy Loans or
Partial Surrenders were made. No representations can be made by United
Investors Life Insurance Company or the Variable Account or the Portfolios
that these hypothetical rates of return can be achieved for any one year or
sustained over a period of time.
<PAGE>
MALE ISSUE AGE 35, STANDARD NON-TOBACCO
$1,000 ANNUAL PREMIUM
$100,000 FACE AMOUNT, OPTION A
GUARANTEED CHARGES
<TABLE>
<CAPTION>
DEATH BENEFITS POLICY VALUES SURRENDER VALUES
-------------------------- ---------------------- ----------------------
END OF PREMIUMS ASSUMING HYPOTHETICAL GROSS
POLICY + INTEREST AT ANNUAL RATE OF RETURN OF:
YEAR 5% PER YEAR 0% 6% 12% 0% 6% 12% 0% 6% 12%
- ------ ------------- -------- -------- -------- ------ ------- ------- ------ ------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 $ 1,050 $100,000 $100,000 $100,000 $ 676 $ 725 $ 775 $ 0 $ 25 $ 75
2 2,153 100,000 100,000 100,000 1,332 1,472 1,619 632 772 919
3 3,310 100,000 100,000 100,000 1,964 2,239 2,539 1,264 1,539 1,839
4 4,526 100,000 100,000 100,000 2,573 3,027 3,539 1,873 2,327 2,839
5 5,802 100,000 100,000 100,000 3,159 3,834 4,629 2,459 3,134 3,929
6 7,142 100,000 100,000 100,000 3,718 4,659 5,814 3,082 4,023 5,178
7 8,549 100,000 100,000 100,000 4,251 5,503 7,105 3,678 4,930 6,532
8 10,027 100,000 100,000 100,000 4,756 6,365 8,511 4,247 5,856 8,002
9 11,578 100,000 100,000 100,000 5,234 7,245 10,042 4,789 6,800 9,597
10 13,207 100,000 100,000 100,000 5,683 8,142 11,712 5,301 7,760 11,330
11 14,917 100,000 100,000 100,000 6,101 9,054 13,532 5,783 8,736 13,214
12 16,713 100,000 100,000 100,000 6,486 9,981 15,517 6,231 9,726 15,262
13 18,599 100,000 100,000 100,000 6,837 10,923 17,684 6,646 10,732 17,493
14 20,579 100,000 100,000 100,000 7,153 11,876 20,051 7,026 11,749 19,924
15 22,657 100,000 100,000 100,000 7,431 12,841 22,638 7,367 12,777 22,574
16 24,840 100,000 100,000 100,000 7,667 13,814 25,467 7,667 13,814 25,467
17 27,132 100,000 100,000 100,000 7,858 14,791 28,562 7,858 14,791 28,562
18 29,539 100,000 100,000 100,000 7,997 15,766 31,947 7,997 15,766 31,947
19 32,066 100,000 100,000 100,000 8,077 16,735 35,654 8,077 16,735 35,654
20 34,719 100,000 100,000 100,000 8,094 17,691 39,716 8,094 17,691 39,716
21 37,505 100,000 100,000 100,000 8,040 18,630 44,175 8,040 18,630 44,175
22 40,430 100,000 100,000 100,000 7,911 19,545 49,076 7,911 19,545 49,076
23 43,502 100,000 100,000 100,000 7,701 20,434 54,476 7,701 20,434 54,476
24 46,727 100,000 100,000 100,000 7,402 21,287 60,434 7,402 21,287 60,434
25 50,113 100,000 100,000 100,000 7,003 22,096 67,024 7,003 22,096 67,024
26 53,669 100,000 100,000 100,000 6,491 22,850 74,327 6,491 22,850 74,327
27 57,403 100,000 100,000 105,502 5,853 23,535 82,423 5,853 23,535 82,423
28 61,323 100,000 100,000 115,041 5,068 24,134 91,302 5,068 24,134 91,302
29 65,439 100,000 100,000 125,271 4,113 24,627 101,025 4,113 24,627 101,025
30 69,761 100,000 100,000 136,242 2,964 24,993 111,673 2,964 24,993 111,673
</TABLE>
The hypothetical investment rates of return shown above are illustrative
only and should not be deemed a representation of past or future investment
rates of return. Actual rate of return may be more or less than those shown
and will depend on a number of factors, including the investment allocations
made by an Owner and the investment experience of the Portfolios. The Death
Benefit, Policy Value and Surrender Value for a Policy would be different from
those shown if the actual gross annual rates of return averaged 0%, 6% or 12%
over a period of years, but also fluctuated above or below those averages for
individual Policy Years. They would also be different if any Policy Loans or
Partial Surrenders were made. No representations can be made by United
Investors Life Insurance Company or the Variable Account or the Portfolios
that these hypothetical rates of return can be achieved for any one year or
sustained over a period of time.
<PAGE>
MALE ISSUE AGE 50, STANDARD NON-TOBACCO
$2,500 ANNUAL PREMIUM
$100,000 FACE AMOUNT, OPTION A
GUARANTEED CHARGES
<TABLE>
<CAPTION>
DEATH BENEFITS POLICY VALUES SURRENDER VALUES
-------------------------- ------------------------ ------------------------
END OF PREMIUMS ASSUMING HYPOTHETICAL GROSS
POLICY + INTEREST AT ANNUAL RATE OF RETURN OF:
YEAR 5% PER YEAR 0% 6% 12% 0% 6% 12% 0% 6% 12%
- ------ ------------- -------- -------- -------- ------- ------- -------- ------- ------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 $ 2,625 $100,000 $100,000 $100,000 $ 1,769 $ 1,894 $ 2,020 $ 769 $ 894 $ 1,020
2 5,381 100,000 100,000 100,000 3,468 3,830 4,208 2,468 2,830 3,208
3 8,275 100,000 100,000 100,000 5,093 5,804 6,576 4,093 4,804 5,576
4 11,314 100,000 100,000 100,000 6,639 7,812 9,140 5,639 6,812 8,140
5 14,505 100,000 100,000 100,000 8,103 9,853 11,916 7,103 8,853 10,916
6 17,855 100,000 100,000 100,000 9,481 11,923 14,926 8,572 11,014 14,017
7 21,373 100,000 100,000 100,000 10,769 14,021 18,193 9,951 13,203 17,375
8 25,066 100,000 100,000 100,000 11,966 16,148 21,747 11,239 15,421 21,020
9 28,945 100,000 100,000 100,000 13,067 18,301 25,620 12,431 17,665 24,984
10 33,017 100,000 100,000 100,000 14,064 20,475 29,846 13,519 19,930 29,301
11 37,293 100,000 100,000 100,000 14,949 22,666 34,466 14,494 22,211 34,011
12 41,782 100,000 100,000 100,000 15,713 24,870 39,529 15,349 24,506 39,165
13 46,497 100,000 100,000 100,000 16,341 27,078 45,089 16,068 26,805 44,816
14 51,446 100,000 100,000 100,000 16,818 29,281 51,212 16,636 29,099 51,030
15 56,644 100,000 100,000 100,000 17,129 31,474 57,981 17,038 31,383 57,890
16 62,101 100,000 100,000 100,000 17,270 33,662 65,507 17,270 33,662 65,507
17 67,831 100,000 100,000 100,000 17,216 35,833 73,907 17,216 35,833 73,907
18 73,848 100,000 100,000 100,000 16,951 37,984 83,330 16,951 37,984 83,330
19 80,165 100,000 100,000 109,765 16,451 40,110 93,816 16,451 40,110 93,816
20 86,798 100,000 100,000 122,126 15,686 42,205 105,281 15,686 42,205 105,281
21 93,763 100,000 100,000 135,486 14,611 44,254 117,814 14,611 44,254 117,814
22 101,076 100,000 100,000 148,667 13,169 46,240 131,564 13,169 46,240 131,564
23 108,755 100,000 100,000 162,802 11,284 48,141 146,668 11,284 48,141 146,668
24 116,818 100,000 100,000 177,983 8,867 49,934 163,287 8,867 49,934 163,287
25 125,284 100,000 100,000 194,327 5,824 51,601 181,614 5,824 51,601 181,614
26 134,173 100,000 100,000 211,976 2,050 53,128 201,882 2,050 53,128 201,882
27 143,506 *** 100,000 235,258 *** 54,503 224,056 *** 54,503 224,056
28 153,307 *** 100,000 260,717 *** 55,710 248,302 *** 55,710 248,302
29 163,597 *** 100,000 288,538 *** 56,729 274,798 *** 56,729 274,798
30 174,402 *** 100,000 318,921 *** 57,524 303,734 *** 57,524 303,734
</TABLE>
The hypothetical investment rates of return shown above are illustrative
only and should not be deemed a representation of past or future investment
rates of return. Actual rate of return may be more or less than those shown
and will depend on a number of factors, including the investment allocations
made by an Owner and the investment experience of the Portfolios. The Death
Benefit, Policy Value and Surrender Value for a Policy would be different from
those shown if the actual gross annual rates of return averaged 0%, 6% or 12%
over a period of years, but also fluctuated above or below those averages for
individual Policy Years. They would also be different if any Policy Loans or
Partial Surrenders were made. No representations can be made by United
Investors Life Insurance Company or the Variable Account or the Portfolios
that these hypothetical rates of return can be achieved for any one year or
sustained over a period of time. As indicated by the asterisks, at certain
rates of return additional premium payments will be required to prevent Policy
termination.
<PAGE>
MALE ISSUE AGE 35, STANDARD NON-TOBACCO
$1,000 ANNUAL PREMIUM
$100,000 FACE AMOUNT, OPTION B
CURRENT CHARGES
<TABLE>
<CAPTION>
DEATH BENEFITS POLICY VALUES SURRENDER VALUES
-------------------------- ----------------------- -----------------------
END OF PREMIUMS ASSUMING HYPOTHETICAL GROSS
POLICY + INTEREST AT ANNUAL RATE OF RETURN OF:
YEAR 5% PER YEAR 0% 6% 12% 0% 6% 12% 0% 6% 12%
- ------ ------------- -------- -------- -------- ------ ------- -------- ------ ------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 $ 1,050 $100,705 $100,755 $100,805 $ 705 $ 755 $ 805 $ 5 $ 55 $ 105
2 2,153 101,387 101,531 101,681 1,387 1,531 1,681 687 831 981
3 3,310 102,044 102,326 102,633 2,044 2,326 2,633 1,344 1,626 1,933
4 4,526 102,676 103,141 103,667 2,676 3,141 3,667 1,976 2,441 2,967
5 5,802 103,283 103,976 104,793 3,283 3,976 4,793 2,583 3,276 4,093
6 7,142 103,861 104,827 106,013 3,861 4,827 6,013 3,225 4,191 5,377
7 8,549 104,416 105,701 107,343 4,416 5,701 7,343 3,843 5,128 6,770
8 10,027 104,949 106,598 108,795 4,949 6,598 6,795 4,440 6,089 8,286
9 11,578 105,467 107,527 110,389 5,467 7,527 10,389 5,022 7,082 9,944
10 13,207 105,970 108,489 112,138 5,970 8,489 12,138 5,588 8,107 11,756
11 14,917 106,463 109,495 114,075 6,463 9,495 14,075 6,145 9,177 13,757
12 16,713 106,932 110,528 116,194 6,932 10,528 16,194 6,677 10,273 15,939
13 18,599 107,378 111,589 118,515 7,378 11,589 18,515 7,187 11,398 18,324
14 20,579 107,803 112,682 121,060 7,803 12,682 21,060 7,676 12,555 20,933
15 22,657 108,214 113,815 123,861 8,214 13,815 23,861 8,150 13,751 23,797
16 24,840 108,602 114,979 126,932 8,602 14,979 26,932 8,602 14,979 26,932
17 27,132 108,947 116,156 130,279 8,947 16,156 30,279 8,947 16,156 30,279
18 29,539 109,251 117,347 133,934 9,251 17,347 33,934 9,251 17,347 33,934
19 32,066 109,506 118,545 137,919 9,506 18,545 37,919 9,506 18,545 37,919
20 34,719 109,711 119,746 142,264 9,711 19,746 42,264 9,711 19,746 42,264
21 37,505 109,861 120,946 147,001 9,861 20,946 47,001 9,861 20,946 47,001
22 40,430 109,951 122,137 152,165 9,951 22,137 52,165 9,951 22,137 52,165
23 43,502 109,968 123,307 157,783 9,968 23,307 57,783 9,968 23,307 57,783
24 46,727 109,914 124,452 163,904 9,914 24,452 63,904 9,914 24,452 63,904
25 50,113 109,770 125,553 170,557 9,770 25,553 70,557 9,770 25,553 70,557
26 53,669 109,537 126,608 177,798 9,537 26,608 77,798 9,537 26,608 77,798
27 57,403 109,195 127,591 185,663 9,195 27,591 85,663 9,195 27,591 85,663
28 61,323 108,760 128,513 194,232 8,760 28,513 94,232 8,780 28,513 94,232
29 65,439 108,198 129,336 203,540 8,196 29,336 103,540 8,198 29,336 103,540
30 69,761 107,496 130,041 213,646 7,496 30,041 113,646 7,496 30,041 113,646
</TABLE>
The hypothetical investment rates of return shown above are illustrative
only and should not be deemed a representation of past or future investment
rates of return. Actual rate of return may be more or less than those shown
and will depend on a number of factors, including the investment allocations
made by an Owner and the investment experience of the Portfolios. The Death
Benefit, Policy Value and Surrender Value for a Policy would be different from
those shown if the actual gross annual rates of return averaged 0%, 6% or 12%
over a period of years, but also fluctuated above or below those averages for
individual Policy Years. They would also be different if any Policy Loans or
Partial Surrenders were made. No representations can be made by United
Investors Life Insurance Company or the Variable Account or the Portfolios
that these hypothetical rates of return can be achieved for any one year or
sustained over a period of time.
<PAGE>
MALE ISSUE AGE 50, STANDARD NON-TOBACCO
$2,500 ANNUAL PREMIUM
$100,000 FACE AMOUNT, OPTION B
CURRENT CHARGES
<TABLE>
<CAPTION>
DEATH BENEFITS POLICY VALUES SURRENDER VALUES
-------------------------- ------------------------ ------------------------
END OF PREMIUMS ASSUMING HYPOTHETICAL GROSS
POLICY + INTEREST AT ANNUAL RATE OF RETURN OF:
YEAR 5% PER YEAR 0% 6% 12% 0% 6% 12% 0% 6% 12%
- ------ ------------- -------- -------- -------- ------- ------- -------- ------- ------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 $ 2,625 $101,828 $101,955 $102,083 $ 1,828 $ 1,955 $ 2,083 $ 828 $ 955 $ 1,083
2 5,381 103,575 103,943 104,326 3,575 3,943 4,326 2,575 2,943 3,326
3 8,275 105,268 105,990 106,775 5,268 5,990 6,775 4,268 4,990 5,775
4 11,314 106,893 108,085 109,431 6,893 8,085 9,431 5,893 7,085 8,431
5 14,505 108,427 110,203 112,293 8,427 10,203 12,293 7,427 9,203 11,293
6 17,855 109,889 112,363 115,397 9,889 12,363 15,397 8,980 11,454 14,488
7 21,373 111,261 114,548 118,748 11,261 14,548 18,748 10,443 13,730 17,930
8 25,066 112,528 116,741 122,353 12,528 16,741 22,353 11,801 16,014 21,626
9 28,945 113,691 118,941 126,238 13,691 18,941 26,238 13,055 18,305 25,602
10 33,017 114,740 121,136 130,416 14,740 21,136 30,416 14,195 20,591 29,871
11 37,293 115,679 123,339 134,949 15,679 23,339 34,949 15,224 22,884 34,494
12 41,782 116,494 125,526 139,833 16,494 25,526 39,833 16,130 25,162 39,469
13 46,497 117,253 127,763 145,175 17,253 27,763 45,175 16,980 27,490 44,902
14 51,446 117,976 130,072 151,042 17,976 30,072 51,042 17,794 29,890 50,860
15 56,644 118,646 132,438 157,469 18,646 32,438 57,469 18,555 32,347 57,378
16 62,101 119,041 134,633 164,277 19,041 34,633 64,277 19,041 34,633 64,277
17 67,831 119,247 136,735 171,593 19,247 36,735 71,593 19,247 36,735 71,593
18 73,848 119,269 138,741 179,468 19,269 38,741 79,468 19,269 38,741 79,468
19 80,165 119,092 140,627 187,942 19,092 40,627 87,942 19,092 40,627 87,942
20 86,798 118,673 142,341 197,028 18,673 42,341 97,028 18,673 42,341 97,028
21 93,763 118,021 143,881 206,794 18,021 43,881 106,794 18,021 43,881 106,794
22 101,076 117,070 145,168 217,236 17,070 45,168 117,236 17,070 45,168 117,236
23 108,755 115,833 146,197 228,431 15,833 46,197 128,431 15,833 46,197 128,431
24 116,818 114,284 146,927 240,425 14,284 46,927 140,425 14,284 46,927 140,425
25 125,284 112,348 147,262 253,215 12,348 47,262 153,215 12,348 47,262 153,215
26 134,173 110,031 147,183 266,883 10,031 47,183 116,883 10,031 47,183 166,883
27 143,506 107,238 146,570 281,412 7,238 46,570 181,412 7,238 46,570 181,412
28 153,307 103,976 145,398 296,891 3,976 45,398 196,891 3,976 45,398 196,891
29 163,597 100,136 143,522 313,295 136 43,522 213,295 136 43,522 213,295
30 174,402 *** 140,921 330,726 *** 40,921 230,726 *** 40,921 230,726
</TABLE>
The hypothetical investment rates of return shown above are illustrative
only and should not be deemed a representation of past or future investment
rates of return. Actual rate of return may be more or less than those shown
and will depend on a number of factors, including the investment allocations
made by an Owner and the investment experience of the Portfolios. The Death
Benefit, Policy Value and Surrender Value for a Policy would be different from
those shown if the actual gross annual rates of return averaged 0%, 6% or 12%
over a period of years, but also fluctuated above or below those averages for
individual Policy Years. They would also be different if any Policy Loans or
Partial Surrenders were made. No representations can be made by United
Investors Life Insurance Company or the Variable Account or the Portfolios
that these hypothetical rates of return can be achieved for any one year or
sustained over a period of time. As indicated by the asterisks, at certain
rates of return additional premium payments will be required to prevent Policy
termination.
<PAGE>
MALE ISSUE AGE 35, STANDARD NON-TOBACCO
$1,000 ANNUAL PREMIUM
$100,000 FACE AMOUNT, OPTION B
GUARANTEED CHARGES
<TABLE>
<CAPTION>
DEATH BENEFITS POLICY VALUES SURRENDER VALUES
-------------------------- ---------------------- ----------------------
END OF PREMIUMS ASSUMING HYPOTHETICAL GROSS
POLICY + INTEREST AT ANNUAL RATE OF RETURN OF:
YEAR 5% PER YEAR 0% 6% 12% 0% 6% 12% 0% 6% 12%
- ------ ------------- -------- -------- -------- ------ ------- ------- ------ ------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 $ 1,050 $100,675 $100,724 $100,723 $ 675 $ 724 $ 773 $ 0 $ 24 $ 73
2 2,153 101,328 101,468 101,614 1,328 1,468 1,614 628 768 914
3 3,310 101,956 102,230 102,528 1,956 2,230 2,528 1,256 1,530 1,828
4 4,526 102,560 103,010 103,520 2,560 3,010 3,520 1,860 2,310 2,820
5 5,802 103,138 103,808 104,597 3,138 3,808 4,597 2,438 3,108 3,897
6 7,142 103,688 104,621 105,765 3,688 4,621 5,765 3,052 3,985 5,129
7 8,549 104,210 105,448 107,032 4,210 5,448 7,032 3,637 4,875 6,459
8 10,027 104,703 106,290 108,406 4,703 6,290 8,406 4,194 5,781 7,897
9 11,578 105,166 107,145 109,897 5,166 7,145 9,897 4,721 6,700 9,452
10 13,207 105,598 108,012 111,514 5,598 8,012 11,514 5,216 7,630 11,132
11 14,917 105,995 108,887 113,267 5,995 8,887 13,267 5,677 8,569 12,949
12 16,713 106,357 109,769 115,167 6,357 9,769 15,167 6,102 9,514 14,912
13 18,599 106,682 110,657 117,226 6,682 10,657 17,226 6,491 10,466 17,035
14 20,579 106,969 111,547 119,459 6,969 11,547 19,459 6,842 11,420 19,332
15 22,657 107,214 112,436 121,879 7,214 12,436 21,879 7,150 12,372 21,815
16 24,840 107,414 113,320 124,499 7,414 13,320 24,499 7,414 13,320 24,499
17 27,132 107,563 114,192 127,334 7,563 14,192 27,334 7,563 14,192 27,334
18 29,539 107,657 115,045 130,398 7,657 15,045 30,398 7,657 15,045 30,398
19 32,066 107,686 115,868 133,706 7,686 15,868 33,706 7,686 15,868 33,706
20 34,719 107,647 116,655 137,274 7,647 16,655 37,274 7,647 16,655 37,274
21 37,505 107,532 117,394 141,120 7,532 17,394 41,120 7,532 17,394 41,120
22 40,430 107,336 118,078 145,266 7,336 18,078 45,266 7,336 18,078 45,266
23 43,502 107,055 118,698 149,735 7,055 18,698 49,735 7,055 18,698 49,735
24 46,727 106,681 119,242 154,550 6,681 19,242 54,550 6,681 19,242 54,550
25 50,113 106,203 119,693 159,733 6,203 19,693 59,733 6,203 19,693 59,733
26 53,669 105,611 120,036 165,307 5,611 20,036 65,307 5,611 20,036 65,307
27 57,403 105,892 120,250 171,297 4,692 20,250 71,297 4,892 20,250 71,297
28 61,323 104,039 120,320 177,734 4,039 20,320 77,734 4,039 20,320 77,734
29 65,439 103,023 120,208 184,629 3,023 20,208 84,629 3,023 20,208 84,629
30 69,761 101,826 119,884 192,006 1,826 19,884 92,006 1,826 19,884 92,006
</TABLE>
The hypothetical investment rates of return shown above are illustrative
only and should not be deemed a representation of past or future investment
rates of return. Actual rate of return may be more or less than those shown
and will depend on a number of factors, including the investment allocations
made by an Owner and the investment experience of the Portfolios. The Death
Benefit, Policy Value and Surrender Value for a Policy would be different from
those shown if the actual gross annual rates of return averaged 0%, 6% or 12%
over a period of years, but also fluctuated above or below those averages for
individual Policy Years. They would also be different if any Policy Loans or
Partial Surrenders were made. No representations can be made by United
Investors Life Insurance Company or the Variable Account or the Portfolios
that these hypothetical rates of return can be achieved for any one year or
sustained over a period of time.
<PAGE>
MALE ISSUE AGE 50, STANDARD NON-TOBACCO
$2,500 ANNUAL PREMIUM
$100,000 FACE AMOUNT, OPTION B
GUARANTEED CHARGES
<TABLE>
<CAPTION>
DEATH BENEFITS POLICY VALUES SURRENDER VALUES
-------------------------- ------------------------ ------------------------
END OF PREMIUMS ASSUMING HYPOTHETICAL GROSS
POLICY + INTEREST AT ANNUAL RATE OF RETURN OF:
YEAR 5% PER YEAR 0% 6% 12% 0% 6% 12% 0% 6% 12%
- ------ ------------- -------- -------- -------- ------- ------- -------- ------- ------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 $ 2,625 $101,758 $101,883 $102,008 $ 1,758 $ 1,883 $ 2,008 $ 758 $ 883 $ 1,008
2 5,381 103,436 103,795 104,169 3,436 3,795 4,169 2,436 2,795 3,169
3 8,275 105,028 105,729 106,491 5,028 5,729 5,491 4,028 4,729 5,491
4 11,314 106,528 107,679 108,981 6,528 7,679 8,981 5,528 6,679 7,981
5 14,505 107,931 109,638 111,650 7,931 9,638 11,650 6,931 8,638 10,650
6 17,855 109,230 111,597 114,506 9,230 11,597 14,506 8,321 10,688 13,597
7 21,373 110,421 113,551 117,562 10,421 13,551 17,562 9,603 12,733 16,744
8 25,066 111,501 115,493 120,831 11,501 15,493 20,831 10,774 14,766 20,104
9 28,945 112,461 117,412 124,325 12,461 17,412 24,325 11,825 16,776 23,689
10 33,017 113,293 119,296 128,053 13,293 19,296 28,053 12,748 18,751 27,508
11 37,293 113,984 121,129 132,026 13,984 21,129 32,026 13,529 20,674 31,571
12 41,782 114,525 122,894 136,253 14,525 22,894 36,253 14,161 22,530 35,889
13 46,497 114,907 124,579 140,748 14,097 24,579 40,748 14,634 24,306 40,475
14 51,446 115,103 126,147 145,507 15,103 26,147 45,507 14,921 25,965 45,325
15 56,644 115,094 127,573 150,531 15,094 27,573 50,531 15,003 27,482 50,440
16 62,101 114,865 128,829 155,829 14,865 28,829 55,829 14,865 28,829 55,829
17 67,831 114,402 129,890 161,406 14,402 29,890 61,406 14,402 29,890 61,406
18 73,848 113,691 130,730 167,274 13,691 30,730 67,274 13,691 30,730 67,274
19 80,165 112,714 131,315 173,437 12,714 31,315 73,437 12,714 31,315 73,437
20 86,798 111,446 131,604 179,892 11,446 31,604 79,892 11,446 31,604 79,892
21 93,763 109,849 131,541 186,624 9,849 31,541 86,624 9,849 31,541 86,624
22 101,076 107,879 131,059 193,606 7,879 31,059 93,606 7,879 31,059 93,606
23 108,755 105,478 130,074 200,796 5,478 30,074 100,796 5,478 30,074 100,796
24 116,818 102,591 128,500 208,148 2,591 28,500 108,148 2,591 28,500 108,148
25 125,284 *** 126,255 215,618 *** 26,255 115,618 *** 26,255 115,618
26 134,173 *** 123,265 223,172 *** 23,265 123,172 *** 23,265 123,172
27 143,506 *** 119,460 230,778 *** 19,460 130,778 *** 19,460 130,778
28 153,307 *** 114,770 238,403 *** 14,770 138,403 *** 14,770 138,403
29 163,597 *** 109,117 246,007 *** 9,117 146,007 *** 9,117 146,007
30 174,402 *** 102,394 253,522 *** 2,394 153,522 *** 2,394 153,522
</TABLE>
The hypothetical investment rates of return shown above are illustrative
only and should not be deemed a representation of past or future investment
rates of return. Actual rate of return may be more or less than those shown
and will depend on a number of factors, including the investment allocations
made by an Owner and the investment experience of the Portfolios. The Death
Benefit, Policy Value and Surrender Value for a Policy would be different from
those shown if the actual gross annual rates of return averaged 0%, 6% or 12%
over a period of years, but also fluctuated above or below those averages for
individual Policy Years. They would also be different if any Policy Loans or
Partial Surrenders were made. No representations can be made by United
Investors Life Insurance Company or the Variable Account or the Portfolios
that these hypothetical rates of return can be achieved for any one year or
sustained over a period of time. As indicated by the asterisks, at certain
rates of return additional premium payments will be required to prevent Policy
termination.
