<PAGE>
[SBG LOGO]
- --------------------------------------------------------------------------------
Security Benefit Life Insurance Company 700 SW Harrison St.
Security Benefit Group, Inc. Topeka, Kansas 66636-0001
Security Distributors, Inc. (913) 295-3000
Security Management Company
July 22, 1996
Securities and Exchange Commission
450 Fifth Street, NW
Judiciary Plaza
Washington, DC 20549
Re: VARIFLEX
File Nos.: 2-89328 and 811-3957
Dear Sir or Madam:
In accordance with the provisions of Rule 497(j) under the Securities Act of
1933, please accept this letter as certification that the Variflex Prospectus
and Statement of Additional Information do not differ from that contained in
Post-Effective Amendment No. 17 to the Registration Statement filed under the
Securities Act of 1933 and Post-Effective Amendment No. 16 to the Registration
Statement filed under the Investment Company Act of 1940. This Post-Effective
Amendment was filed electronically on June 28, 1996.
If you have any questions concerning this filing, please contact me at
(913) 295-3226.
Very truly yours,
AMY J. LEE
Amy J. Lee
Vice President and Assistant General Counsel
Security Benefit Life Insurance Company
