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SAFECO LIFE INSURANCE COMPANY
SUPPLEMENT TO THE ACCUMULATION LIFE PROSPECTUS DATED APRIL 30, 1998
SUPPLEMENT DATED JUNE 1, 1999
THIS REPLACES INFORMATION REGARDING CHARGES:
In the future we will not assess charges for any transfers, face amount
increases or partial withdrawals.
THIS REPLACES INFORMATION REGARDING TRANSFERS FROM THE GID:
We will no longer routinely limit transfers from the unloaned portion of the
GID. However, we reserve the right to limit such transfers in the following
manner:
- - postpone the transfer for 30 days from the date we receive your request;
- - reduce the amount of the transfer to not more than 25% of the amount
available for transfer in the GID; and
- - limit the total number of transfers to one per policy year. If limited, the
transfer will be effective on the policy anniversary after the date we
receive your request.
THIS REPLACES INFORMATION REGARDING BALANCES IN INVESTMENT DIVISIONS:
In the future you may maintain balances in any or all of the 16 available
Investment Divisions at any given time subject to minimum allocation limits.
OUR ADDRESS AND PHONE NUMBER HAVE CHANGED AS FOLLOWS:
All requests should be sent to our Administrative
Office: SAFECO Life
Individual Customer Service
PO Box 34690
Seattle, WA 98124-8991
All payments should be sent to: SAFECO Life
Individual Customer Service
PO Box 34815
Seattle, WA 98124-1815
Toll free phone number: (877) 472-3326
SAFECO has sole responsibility for all administration of the policies and the
Separate Account.
L-9852 6/99
