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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
1. Name and address of issuer:
United Investors Life Insurance Company
Life Variable Account
2001 Third Avenue South
Birmingham, Alabama 35233
2. Name of each series or class of funds for which this notice is filed:
United Investors Life Insurance Company
Life Variable Account (File No. 33-11465)
3. Investment Company Act File Number:
811-4987
Securities Act File Number:
33-11465
4. Last day of fiscal year for which this notice is filed:
December 31
5. Check box is this notice is being filed more than 180 days after the
close of the issuer's fiscal year for purposes of reporting securities
sold after the close of the fiscal year but before determination of the
issuer's 24f-2 declaration:
[ ]
6. Date of termination of issuer's declaration under Rule 24f-2(a)(1),
if applicable:
Not Applicable
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7. Number and amount of securities of the same class or series which had been
registered under the Securities Act of 1933 other than pursuant to Rule 24f-
2 in a prior fiscal year, but which remained unsold at the beginning of the
fiscal year:
0
8. Number and amount of securities registered during the fiscal year other
than pursuant to Rule 24f-2:
0
9. Number and aggregate sale price of securities sold during the fiscal year:
$ 4,939,663
10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant or Rule 24f-2:
$ 4,939,663
11. Number and aggregate sale price of securities issued during the fiscal year
in connection with dividend reinvestment plans, if applicable:
$ 0
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the
fiscal year in reliance on Rule 24f-2 (from Item 10):
$ 4,939,663
(ii) Aggregate price of shares issued in connection with
fiscal year in reliance on Rule 24f-2 (from Item 10):
during the fiscal year (if applicable):
$ 0
(iii) Aggregate price of shares redeemed or repurchased
$ 0
(iv) Aggregate price of shares redeemed or repurchased $ 2,778,168
and previously applied as a reduction to filing fees
pursuant to Rule 24e-2 (if applicable):
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(v) Net aggregate price of securities sold and issued $ 2,161,495
during the fiscal year in reliance on Rule 24f-2 [line
(i), plus (ii), less line (iii), plus line (iv)] (if
applicable):
(vi) Multiplier prescribed by Section 6(b) of the $ .00029499
Securities Act of 1933 or other applicable law or
regulation:
(vii) Fee due [line (i) or line (v) multiplied by line (vi)]: $ 638
13. Check box if fees are being remitted to the Commission's
lockbox depository as described in Section 3a of the
Commission's Rule of Informal and Other Procedures
(17 CFR 202.3a): [ X ]
Date of mailing or wire transfer of filing fees to February 18, 1998
the Commission's lockbox depository:
SIGNATURES
This report has been signed below by the following persons on behalf of the
issuer and in the capacities and on the dates indicated.
BY: /s/: James L. Sedgwick
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James L. Sedgwick, President
United Investors Life Insurance Company, the Depositor of the Life
Variable Account
Date: March 17, 1998
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[United Investors Life Letterhead Appears Here]
March 17, 1998
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 21549
Re: Rule 24F-2 Notice on Form 24F-2 for
United Investors Life Insurance Company
Life Variable Account
Securities Act of 1933 File No.: 33-11465
Investment Company Act File No. 811-4987
Commissioners:
It is my opinion that the securities issued in accordance with the above
captioned filing, and which the filing of this Form 24F-2 makes definite, were
legally issued, fully paid and non-assessable.
Very truly yours,
/s/: JAMES L. SEDGWICK
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James L. Sedgwick
President
