<PAGE>
UNITED INVESTORS LIFE INSURANCE COMPANY
Advantage Plus Flexible Premium Variable Life Insurance Policy
Supplement dated July 20, 2000 to Prospectus dated May 1, 2000
The following information supplements and supersedes any contrary information in
the Advantage Plus Prospectus.
Effective July 31, 2000, the telephone contact number located in the "Inquiries"
section on Page 4 of the Prospectus will be the same for all policies. If you
have questions about your policy or need to make changes, contact your financial
representative who sold you the policy, or contact us at:
United Investors Life Insurance Company
Administrative Office
P.O. Box 10287
Birmingham, AL 35202-0287
Telephone: (800) 340-3787
Please keep this Supplement with your Prospectus dated May 1, 2000, for the
Advantage Plus Flexible Premium Variable Life Insurance Policy.
Form U-1165-1, Ed. 7-00