<PAGE>
SUPPLEMENT TO PREMIER ACCUMULATION LIFE PROSPECTUS
SUPPLEMENT DATED MAY 17, 2000
TO PROSPECTUS DATED MAY 1, 2000
THE DISCLOSURE SET FORTH BELOW REPLACES AND UPDATES THE INFORMATION FOUND ON
PAGE B-2.
VARIABLE UNIVERSAL LIFE
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
MALE
PREFERRED NON-SMOKER
<TABLE>
<S> <C> <C> <C>
Initial Face Amount: $ 250,000 Annual Planned Premium(1): $ 4,000.00
Death Benefit Option: A Issue Age: 45
Death Benefits Payable to
Age: 95 Premiums Payable to Age: 95
</TABLE>
- --------------------------------------------------------------------------------
RESULTS ASSUMING CURRENT CHARGES(2)
Assuming Hypothetical Gross Annual Investment Return of:
<TABLE>
<CAPTION>
END OF ACCUM POLICY CASH POLICY CASH POLICY
POLICY PREMIUM DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT
YEAR (5% INT) BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE
0.00% 6.00% 12.00%
-------------------------------- -------------------------------- -------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 4,200 250,000 2,899 1,699 250,000 3,103 1,903 250,000 3,307
2 8,610 250,000 5,895 4,335 250,000 6,492 4,932 250,000 7,114
3 13,241 250,000 8,778 6,858 250,000 9,964 8,044 250,000 11,250
4 18,103 250,000 11,575 9,430 250,000 13,551 11,406 250,000 15,782
5 23,208 250,000 14,310 12,165 250,000 17,281 15,136 250,000 20,773
6 28,568 250,000 16,989 14,844 250,000 21,167 19,022 250,000 26,280
7 34,196 250,000 19,591 17,875 250,000 25,194 23,478 250,000 32,339
8 40,106 250,000 22,120 20,833 250,000 29,375 28,088 250,000 39,014
9 46,312 250,000 24,582 23,724 250,000 33,720 32,862 250,000 46,376
10 52,827 250,000 26,981 26,552 250,000 38,242 37,813 250,000 54,507
11 59,669 250,000 29,247 29,247 250,000 42,882 42,882 250,000 63,428
12 66,852 250,000 31,363 31,363 250,000 47,630 47,630 250,000 73,214
13 74,395 250,000 33,323 33,323 250,000 52,487 52,487 250,000 83,967
14 82,314 250,000 35,113 35,113 250,000 57,449 57,449 250,000 95,791
15 90,630 250,000 36,719 36,719 250,000 62,512 62,512 250,000 108,812
16 99,361 250,000 38,128 38,128 250,000 67,673 67,673 250,000 123,174
17 108,530 250,000 39,335 39,335 250,000 72,939 72,939 250,000 139,050
18 118,156 250,000 40,329 40,329 250,000 78,313 78,313 250,000 156,637
19 128,264 250,000 41,095 41,095 250,000 83,797 83,797 250,000 176,162
20 138,877 250,000 41,615 41,615 250,000 89,393 89,393 250,000 197,889
Age 75 297,195 250,000 17,958 17,958 250,000 157,315 157,315 678,887 646,559
<CAPTION>
END OF CASH
POLICY SURRENDER
YEAR VALUE
12.00%
----------
<S> <C>
1 2,107
2 5,554
3 9,330
4 13,637
5 18,628
6 24,135
7 30,623
8 37,727
9 45,518
10 54,078
11 63,428
12 73,214
13 83,967
14 95,791
15 108,812
16 123,174
17 139,050
18 156,637
19 176,162
20 197,889
Age 75 646,559
</TABLE>
- --------------------------------------------------------------------------------
(1) Assumes the premium shown is paid at the beginning of each policy year.
Values would be different if premiums are paid with a different frequency
or in different amounts.
(2) Assumes that no policy loans or withdrawals have been made. Zero values
indicate lapse in the absence of an additional premium payment.
THE HYPOTHETICAL INVESTMENT RATES OF RETURN SHOWN ABOVE AND ELSEWHERE IN THIS
PROSPECTUS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF
PAST OR FUTURE INVESTMENT RATES OF RETURN. ACTUAL INVESTMENT RATES OF RETURN MAY
BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND ON A NUMBER OF FACTORS,
INCLUDING THE INVESTMENT ALLOCATIONS BY THE OWNER AND DIFFERENT INVESTMENT RATES
OF RETURN FOR THE FUNDS' PORTFOLIOS. THE DEATH BENEFIT AND CASH VALUE FOR A
POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL INVESTMENT RATES OF
RETURN AVERAGED THE RATE SHOWN ABOVE OVER A PERIOD OF YEARS, BUT FLUCTUATED
ABOVE OR BELOW THOSE AVERAGES FOR INDIVIDUAL POLICY YEARS. NO REPRESENTATION CAN
BE MADE BY SAFECO OR THE FUNDS THAT THIS ASSUMED INVESTMENT RATE OF RETURN CAN
BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER ANY PERIOD OF TIME.
B-2
<PAGE>
THE DISCLOSURE SET FORTH BELOW REPLACES AND UPDATES THE INFORMATION FOUND ON
PAGE B-3.
VARIABLE UNIVERSAL LIFE
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
MALE
PREFERRED NON-SMOKER
<TABLE>
<S> <C> <C> <C>
Initial Face Amount: $ 250,000 Annual Planned Premium(1): $ 4,000.00
Death Benefit Option: A Issue Age: 45
Death Benefits Payable to
Age: 95 Premiums Payable to Age: 95
</TABLE>
- --------------------------------------------------------------------------------
RESULTS ASSUMING GUARANTEED CHARGES(2)
Assuming Hypothetical Gross Annual Investment Return of:
<TABLE>
<CAPTION>
END OF ACCUM POLICY CASH POLICY CASH POLICY
POLICY PREMIUM DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT
YEAR (5% INT) BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE
0.00% 6.00% 12.00%
-------------------------------- -------------------------------- -------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 4,200 250,000 2,675 1,475 250,000 2,872 1,672 250,000 3,069
2 8,610 250,000 5,490 3,930 250,000 6,060 4,500 250,000 6,655
3 13,241 250,000 8,198 6,278 250,000 9,327 7,407 250,000 10,552
4 18,103 250,000 10,792 8,647 250,000 12,666 10,521 250,000 14,785
5 23,208 250,000 13,270 11,125 250,000 16,081 13,936 250,000 19,390
6 28,568 250,000 15,622 13,477 250,000 19,563 17,418 250,000 24,397
7 34,196 250,000 17,841 16,125 250,000 23,109 21,393 250,000 29,843
8 40,106 250,000 19,914 18,627 250,000 26,707 25,420 250,000 35,766
9 46,312 250,000 21,825 20,967 250,000 30,346 29,488 250,000 42,206
10 52,827 250,000 23,562 23,133 250,000 34,015 33,586 250,000 49,215
11 59,669 250,000 25,110 25,110 250,000 37,705 37,705 250,000 56,849
12 66,852 250,000 26,460 26,460 250,000 41,409 41,409 250,000 65,179
13 74,395 250,000 27,603 27,603 250,000 45,121 45,121 250,000 74,288
14 82,314 250,000 28,524 28,524 250,000 48,832 48,832 250,000 84,268
15 90,630 250,000 29,190 29,190 250,000 52,517 52,517 250,000 95,215
16 99,361 250,000 29,583 29,583 250,000 56,161 56,161 250,000 107,251
17 108,530 250,000 29,671 29,671 250,000 59,745 59,745 250,000 120,517
18 118,156 250,000 29,405 29,405 250,000 63,230 63,230 250,000 135,172
19 128,264 250,000 28,739 28,739 250,000 66,581 66,581 250,000 151,409
20 138,877 250,000 27,629 27,629 250,000 69,769 69,769 250,000 169,473
Age 75 297,195 250,000 77,527 77,527 579,333 551,746
<CAPTION>
END OF CASH
POLICY SURRENDER
YEAR VALUE
12.00%
----------
<S> <C>
1 1,869
2 5,095
3 8,632
4 12,640
5 17,245
6 22,252
7 28,127
8 34,479
9 41,348
10 48,786
11 56,849
12 65,179
13 74,288
14 84,268
15 95,215
16 107,251
17 120,517
18 135,172
19 151,409
20 169,473
Age 75 551,746
</TABLE>
- --------------------------------------------------------------------------------
(1) Assumes the premium shown is paid at the beginning of each policy year.
Values would be different if premiums are paid with a different frequency
or in different amounts.
(2) Assumes that no policy loans or withdrawals have been made. Zero values
indicate lapse in the absence of an additional premium payment.
THE HYPOTHETICAL INVESTMENT RATES OF RETURN SHOWN ABOVE AND ELSEWHERE IN THIS
PROSPECTUS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF
PAST OR FUTURE INVESTMENT RATES OF RETURN. ACTUAL INVESTMENT RATES OF RETURN MAY
BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND ON A NUMBER OF FACTORS,
INCLUDING THE INVESTMENT ALLOCATIONS BY THE OWNER AND DIFFERENT INVESTMENT RATES
OF RETURN FOR THE FUNDS' PORTFOLIOS. THE DEATH BENEFIT AND CASH VALUE FOR A
POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL INVESTMENT RATES OF
RETURN AVERAGED THE RATE SHOWN ABOVE OVER A PERIOD OF YEARS, BUT FLUCTUATED
ABOVE OR BELOW THOSE AVERAGES FOR INDIVIDUAL POLICY YEARS. NO REPRESENTATION CAN
BE MADE BY SAFECO OR THE FUNDS THAT THIS ASSUMED INVESTMENT RATE OF RETURN CAN
BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER ANY PERIOD OF TIME.
B-3
<PAGE>
THE DISCLOSURE SET FORTH BELOW REPLACES AND UPDATES THE INFORMATION FOUND ON
PAGE B-4.
VARIABLE UNIVERSAL LIFE
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
MALE
STANDARD NON-SMOKER
<TABLE>
<S> <C> <C> <C>
Initial Face Amount: $ 250,000 Annual Planned Premium(1): $4,000.00
Death Benefit Option: A Issue Age: 45
Death Benefits Payable to
Age: 95 Premiums Payable to Age: 95
</TABLE>
- --------------------------------------------------------------------------------
RESULTS ASSUMING CURRENT CHARGES(2)
Assuming Hypothetical Gross Annual Investment Return of:
<TABLE>
<CAPTION>
END OF ACCUM POLICY CASH POLICY CASH POLICY
POLICY PREMIUM DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT
YEAR (5% INT) BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE
0.00% 6.00% 12.00%
-------------------------------- -------------------------------- -------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 4,200 250,000 2,722 1,522 250,000 2,921 1,721 250,000 3,120
2 8,610 250,000 5,573 4,013 250,000 6,148 4,588 250,000 6,749
3 13,241 250,000 8,316 6,396 250,000 9,456 7,536 250,000 10,694
4 18,103 250,000 10,966 8,821 250,000 12,862 10,717 250,000 15,004
5 23,208 250,000 13,565 11,420 250,000 16,413 14,268 250,000 19,762
6 28,568 250,000 16,117 13,972 250,000 20,118 17,973 250,000 25,020
7 34,196 250,000 18,600 16,884 250,000 23,965 22,249 250,000 30,811
8 40,106 250,000 21,022 19,735 250,000 27,966 26,679 250,000 37,200
9 46,312 250,000 23,384 22,526 250,000 32,130 31,272 250,000 44,255
10 52,827 250,000 25,687 25,258 250,000 36,467 36,038 250,000 52,051
11 59,669 250,000 27,862 27,862 250,000 40,916 40,916 250,000 60,605
12 66,852 250,000 29,875 29,875 250,000 45,453 45,453 250,000 69,977
13 74,395 250,000 31,718 31,718 250,000 50,075 50,075 250,000 80,258
14 82,314 250,000 33,379 33,379 250,000 54,778 54,778 250,000 91,553
15 90,630 250,000 34,844 34,844 250,000 59,558 59,558 250,000 103,980
16 99,361 250,000 36,098 36,098 250,000 64,409 64,409 250,000 117,677
17 108,530 250,000 37,138 37,138 250,000 69,340 69,340 250,000 132,812
18 118,156 250,000 37,949 37,949 250,000 74,347 74,347 250,000 149,572
19 128,264 250,000 38,518 38,518 250,000 79,434 79,434 250,000 168,177
20 138,877 250,000 38,826 38,826 250,000 84,599 84,599 250,000 188,882
Age 75 297,195 250,000 11,470 11,470 250,000 144,190 144,190 650,257 619,292
<CAPTION>
END OF CASH
POLICY SURRENDER
YEAR VALUE
12.00%
----------
<S> <C>
1 1,920
2 5,189
3 8,774
4 12,859
5 17,617
6 22,875
7 29,095
8 35,913
9 43,397
10 51,622
11 60,605
12 69,977
13 80,258
14 91,553
15 103,980
16 117,677
17 132,812
18 149,572
19 168,177
20 188,882
Age 75 619,292
</TABLE>
- --------------------------------------------------------------------------------
(1) Assumes the premium shown is paid at the beginning of each policy year.
Values would be different if premiums are paid with a different frequency
or in different amounts.
(2) Assumes that no policy loans or withdrawals have been made. Zero values
indicate lapse in the absence of an additional premium payment.
THE HYPOTHETICAL INVESTMENT RATES OF RETURN SHOWN ABOVE AND ELSEWHERE IN THIS
PROSPECTUS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF
PAST OR FUTURE INVESTMENT RATES OF RETURN. ACTUAL INVESTMENT RATES OF RETURN MAY
BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND ON A NUMBER OF FACTORS,
INCLUDING THE INVESTMENT ALLOCATIONS BY THE OWNER AND DIFFERENT INVESTMENT RATES
OF RETURN FOR THE FUNDS' PORTFOLIOS. THE DEATH BENEFIT AND CASH VALUE FOR A
POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL INVESTMENT RATES OF
RETURN AVERAGED THE RATE SHOWN ABOVE OVER A PERIOD OF YEARS, BUT FLUCTUATED
ABOVE OR BELOW THOSE AVERAGES FOR INDIVIDUAL POLICY YEARS. NO REPRESENTATION CAN
BE MADE BY SAFECO OR THE FUNDS THAT THIS ASSUMED INVESTMENT RATE OF RETURN CAN
BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER ANY PERIOD OF TIME.
B-4
<PAGE>
THE DISCLOSURE SET FORTH BELOW REPLACES AND UPDATES THE INFORMATION FOUND ON
PAGE B-5.
VARIABLE UNIVERSAL LIFE
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
MALE
STANDARD NON-SMOKER
<TABLE>
<S> <C> <C> <C>
Initial Face Amount: $ 250,000 Annual Planned Premium(1): $ 4,000.00
Death Benefit Option: A Issue Age: 45
Death Benefits Payable to
Age: 95 Premiums Payable to Age: 95
</TABLE>
- --------------------------------------------------------------------------------
RESULTS ASSUMING GUARANTEED CHARGES(2)
Assuming Hypothetical Gross Annual Investment Return of:
<TABLE>
<CAPTION>
END OF ACCUM POLICY CASH POLICY CASH POLICY
POLICY PREMIUM DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER DEATH ACCOUNT
YEAR (5% INT) BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE
0.00% 6.00% 12.00%
-------------------------------- -------------------------------- -------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 4,200 250,000 2,675 1,475 250,000 2,872 1,672 250,000 3,069
2 8,610 250,000 5,490 3,930 250,000 6,060 4,500 250,000 6,655
3 13,241 250,000 8,198 6,278 250,000 9,327 7,407 250,000 10,552
4 18,103 250,000 10,792 8,647 250,000 12,666 10,521 250,000 14,785
5 23,208 250,000 13,270 11,125 250,000 16,081 13,936 250,000 19,390
6 28,568 250,000 15,622 13,477 250,000 19,563 17,418 250,000 24,397
7 34,196 250,000 17,841 16,125 250,000 23,109 21,393 250,000 29,843
8 40,106 250,000 19,914 18,627 250,000 26,707 25,420 250,000 35,766
9 46,312 250,000 21,825 20,967 250,000 30,346 29,488 250,000 42,206
10 52,827 250,000 23,562 23,133 250,000 34,015 33,586 250,000 49,215
11 59,669 250,000 25,110 25,110 250,000 37,705 37,705 250,000 56,849
12 66,852 250,000 26,460 26,460 250,000 41,409 41,409 250,000 65,179
13 74,395 250,000 27,603 27,603 250,000 45,121 45,121 250,000 74,288
14 82,314 250,000 28,524 28,524 250,000 48,832 48,832 250,000 84,268
15 90,630 250,000 29,190 29,190 250,000 52,517 52,517 250,000 95,215
16 99,361 250,000 29,583 29,583 250,000 56,161 56,161 250,000 107,251
17 108,530 250,000 29,671 29,671 250,000 59,745 59,745 250,000 120,517
18 118,156 250,000 29,405 29,405 250,000 63,230 63,230 250,000 135,172
19 128,264 250,000 28,739 28,739 250,000 66,581 66,581 250,000 151,409
20 138,877 250,000 27,629 27,629 250,000 69,769 69,769 250,000 169,473
Age 75 297,195 250,000 77,527 77,527 579,333 551,746
<CAPTION>
END OF CASH
POLICY SURRENDER
YEAR VALUE
12.00%
----------
<S> <C>
1 1,869
2 5,095
3 8,632
4 12,640
5 17,245
6 22,252
7 28,127
8 34,479
9 41,348
10 48,786
11 56,849
12 65,179
13 74,288
14 84,268
15 95,215
16 107,251
17 120,517
18 135,172
19 151,409
20 169,473
Age 75 551,746
</TABLE>
- --------------------------------------------------------------------------------
(1) Assumes the premium shown is paid at the beginning of each policy year.
Values would be different if premiums are paid with a different frequency
or in different amounts.
(2) Assumes that no policy loans or withdrawals have been made. Zero values
indicate lapse in the absence of an additional premium payment.
THE HYPOTHETICAL INVESTMENT RATES OF RETURN SHOWN ABOVE AND ELSEWHERE IN THIS
PROSPECTUS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF
PAST OR FUTURE INVESTMENT RATES OF RETURN. ACTUAL INVESTMENT RATES OF RETURN MAY
BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND ON A NUMBER OF FACTORS,
INCLUDING THE INVESTMENT ALLOCATIONS BY THE OWNER AND DIFFERENT INVESTMENT RATES
OF RETURN FOR THE FUNDS' PORTFOLIOS. THE DEATH BENEFIT AND CASH VALUE FOR A
POLICY WOULD BE DIFFERENT FROM THOSE SHOWN IF THE ACTUAL INVESTMENT RATES OF
RETURN AVERAGED THE RATE SHOWN ABOVE OVER A PERIOD OF YEARS, BUT FLUCTUATED
ABOVE OR BELOW THOSE AVERAGES FOR INDIVIDUAL POLICY YEARS. NO REPRESENTATION CAN
BE MADE BY SAFECO OR THE FUNDS THAT THIS ASSUMED INVESTMENT RATE OF RETURN CAN
BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER ANY PERIOD OF TIME.
B-5
<PAGE>
THE DISCLOSURE SET FORTH BELOW REPLACES AND UPDATES THE INFORMATION FOUND ON
PAGE C-18.
VARIABLE UNIVERSAL LIFE
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
MALE
PREFERRED NON-SMOKER
<TABLE>
<S> <C> <C> <C>
Initial Face Amount: $250,000 Annual Planned Premium(1): $4,000.00
Death Benefit Option: A Issue Age: 45
Death Benefits Payable to Age: 95 Premiums Payable to Age: 95
</TABLE>
- --------------------------------------------------------------------------------
FIDELITY'S VIP III BALANCED PORTFOLIO
<TABLE>
<CAPTION>
POLICY POLICY CASH POLICY CASH
YEAR END DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER
DECEMBER 31ST BENEFIT VALUE VALUE BENEFIT VALUE VALUE
BASED UPON CURRENT CHARGES BASED UPON GUARANTEED CHARGES
<S> <C> <C> <C> <C> <C> <C>
1995 250,000 3,403 2,203 250,000 3,162 1,962
1996 250,000 7,143 5,583 250,000 6,682 5,122
1997 250,000 12,461 10,541 250,000 11,696 9,776
1998 250,000 18,167 16,022 250,000 17,039 14,894
1999 250,000 21,998 19,853 250,000 20,553 18,408
</TABLE>
- --------------------------------------------------------------------------------
FIDELITY'S VIP III GROWTH OPPORTUNITIES PORTFOLIO
<TABLE>
<CAPTION>
POLICY POLICY CASH POLICY CASH
YEAR END DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER
DECEMBER 31ST BENEFIT VALUE VALUE BENEFIT VALUE VALUE
BASED UPON CURRENT CHARGES BASED UPON GUARANTEED CHARGES
<S> <C> <C> <C> <C> <C> <C>
1995 250,000 4,041 2,841 250,000 3,778 2,578
1996 250,000 8,468 6,908 250,000 7,954 6,394
1997 250,000 15,005 13,085 250,000 14,130 12,210
1998 250,000 22,442 20,297 250,000 21,118 18,973
1999 250,000 26,381 24,236 250,000 24,740 22,595
</TABLE>
- --------------------------------------------------------------------------------
FIDELITY'S VIP III GROWTH & INCOME PORTFOLIO
<TABLE>
<CAPTION>
POLICY POLICY CASH POLICY CASH
YEAR END DEATH ACCOUNT SURRENDER DEATH ACCOUNT SURRENDER
DECEMBER 31ST BENEFIT VALUE VALUE BENEFIT VALUE VALUE
BASED UPON CURRENT CHARGES BASED UPON GUARANTEED CHARGES
<S> <C> <C> <C> <C> <C> <C>
1997 250,000 3,958 2,758 250,000 3,697 2,497
1998 250,000 9,215 7,655 250,000 8,664 7,104
1999 250,000 13,329 11,409 250,000 12,540 10,620
</TABLE>
- --------------------------------------------------------------------------------
(1) Assumes the premium shown is paid at the beginning of each policy year.
Values would be different if premiums are paid with a different frequency
or in different amounts.
THESE ILLUSTRATIONS ARE BASED UPON PAST PERFORMANCE AND ARE NOT INDICATIVE OF
FUTURE RESULTS. FUTURE POLICY BENEFITS WILL FLUCTUATE BASED UPON ACTUAL
INVESTMENT RESULTS WHICH MAY BE MORE OR LESS THAN THOSE ACHIEVED IN THE PAST AND
WILL DEPEND ON A NUMBER OF FACTORS, INCLUDING THE INVESTMENT ALLOCATIONS BY THE
OWNER. NO REPRESENTATION CAN BE MADE BY SAFECO OR THE FUNDS THAT THESE RESULTS
CAN BE ACHIEVED IN THE FUTURE.
C-18
