[Zurich Kemper Life Letterhead]
Via EDGAR
January 27, 2000
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Re: KILICO Variable Separate Account of
Kemper Investors Life Insurance Company
SEC File Nos. 33-65399 and 811-5025
Commissioners:
Enclosed for filing pursuant to the requirements of Rule 497(e) under the
Securities Act of 1933 is a prospectus supplement dated January 27, 2000 to
the prospectus dated May 1, 1999.
Please call the undersigned at 847-969-3524 if there are any questions.
Yours truly,
/s/ Juanita M. Thomas
Juanita M. Thomas
Assistant General Counsel
Enclosure
JMT/sb
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SUPPLEMENT DATED JANUARY 27, 2000
TO PROSPECTUS DATED MAY 1, 1999 FOR
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FLEXIBLE PREMIUM VARIABLE
LIFE INSURANCE POLICY
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ISSUED BY
KEMPER INVESTORS LIFE INSURANCE COMPANY
THROUGH ITS KILICO VARIABLE SEPARATE ACCOUNT
HOME OFFICE: 1 Kemper Drive, Long Grove, Illinois 60049 (800) 321-9313
This Supplement is to notify existing and prospective Power V Variable
Universal Life Insurance Policy owners of the closing of a Subaccount
described in your May 1, 1999 Prospectus. Please read this Supplement
carefully and keep it with your Prospectus for future reference.
Effective at the close of business, January 18, 2000, American Skandia Trust
closed the AST Janus Small-Cap Growth portfolio to new allocations.
Consequently, except as indicated below, the AST Janus Small-Cap Growth
portfolio is no longer being offered as a Subaccount under Power V Variable
Universal Life Insurance Policies issued after February 14, 2000. Policies
issued on or before February 14, 2000 will not be allowed to allocate
additional premium payments or make transfers into the AST Janus Small-Cap
Growth Subaccount. Policies issued after February 14, 2000 on applications
received by Kemper Investors Life Insurance Company on or before February 14,
2000 will be allowed to make an initial allocation to the AST Janus Small-Cap
Growth Subaccount if elected on the application but will not be allowed to make
additional allocations. Allocations and transfers through bank drafting,
Dollar Cost Averaging and Automatic Asset Reallocation that were authorized
and in place on or before February 14, 2000 and included the AST Janus
Small-Cap Growth Subaccount will be allowed to continue. However, except for
discontinuing allocations and transfers to and from the AST Janus Small-Cap
Growth Subaccount, no changes involving the AST Janus Small-Cap Growth
Subaccount may be made under these programs.
