<PAGE>
[SBG LOGO]
- --------------------------------------------------------------------------------
Security Benefit Life Insurance Company 700 SW Harrison St.
Security Benefit Group, Inc. Topeka, Kansas 66636-0001
Security Distributors, Inc. (785) 431-3000
Security Management Company, LLC
May 2, 2000
Securities and Exchange Commission
450 Fifth Street, NW
Judiciary Plaza
Washington, DC 20549
Subj: 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 Variable
Annuity Prospectus and Statement of Additional Information do not differ from
that contained in Post-Effective Amendment No. 23 to the Registration Statement
filed under the Securities Act of 1933 and Amendment No. 22 to the Registration
Statement filed under the Investment Company Act of 1940. This Post-Effective
Amendment was filed electronically on May 1, 2000.
If you have any questions concerning this filing, please contact me at
(785) 431-3321.
Sincerely,
CHRIS SWICKARD
Chris Swickard
Assistant Vice President and Assistant Counsel
Security Benefit Life Insurance Company