SECURITY LIFE STEPHEN M. CHRISTOPHER
ING GROUP CLU, ChFC
President
July 13, 1995
Dear Policyowner:
When you purchased your Security Life variable universal life policy or
variable annuity contract, you gained access to the investment performance
of nineteen accounts managed by leaders in the investment industry:
Fidelity Management & Research Company; Fred Alger Management, Inc.;
INVESCO Funds Group. Inc.; Neuberger & Berman Management Incorporated;
and Van Eck Associates Corporation. We carefully selected these five
investment advisers because we believe that they share our dedication to
quality, service, and financial stability. Each investment adviser has
expertise in specific asset classes and a strong record of achievement.
Enclosed are the annual reports for the Van Eck funds: the Gold & Natural
Resources Fund and the Worldwide Balanced Fund. The reports contain the
financial information for these funds, whose fiscal year ended April 30,
1995. The annual reports for Fidelity, Fred Alger Management, INVESCO,
and Neuberger & Berman were mailed earlier this year to all policyowners
who had policies as of December 31, 1994. The semi-annual reports for
these four investment advisers will be mailed to you the first week in
September.
We firmly believe that Security Life's variable products provide
competitive value. The availability of nineteen options, along with
Security Life's own Guaranteed Interest Division, lets you match your
fund selection to your personal long-term savings objectives and your own
tolerance for risk. Liberal transfer options let you transfer money
among the funds without tax consequences, facilitating strategic asset
allocation. In addition, Your Security Life policy offers numerous
options that allow you to tailor the coverage to your individual needs.
We have built an excellent reputation for integrity and quality, and we
will continue to challenge ourselves to provide you with premier quality
products and services.
Sincerely,
/s/ STEPHEN M. CHRISTOPHER
Security Life of Denver insurance Company
1290 Broadway Denver, CO 80203-5699 Phone: 303-860-2257
