MAYER, BROWN & PLATT
2000 Pennsylvania Avenue, N.W.
Washington, D.C. 20006-1882
KATHY KRESCH INGBER Main Telephone
Direct Dial (202) 955-0820 202-463-2000
[email protected] Main Fax
202-861-0473
May 14, 1997
VIA EDGAR
Securities and Exchange Commission
450 Fifth Street
Washington, D.C. 20549
Re: Security Life of Denver Insurance Company
Security Life Separate Account L1
(File No. 811-8292)
Dear Sir or Madam:
Transmitted herewith for filing pursuant to Rule 497(d) under the
Securities Act of 1933, as amended, is a Supplement dated May 14, 1997, to the
current effective Prospectus of Security Life Separate Account L1, dated May 1,
1997, with respect to the Strategic Advantage Variable Universal Life policy
(File No. 33-88148).
Please contact me at the above-referenced number if you have any
questions concerning this matter.
Very truly yours,
/s/ Kathy Kresch Ingber
Kathy Kresch Ingber
Counsel
Attachment
cc: Edward MacDonald, Esq.
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SUPPLEMENT dated May 14, 1997
to the Prospectus dated May 1, 1997
for
STRATEGIC ADVANTAGE VARIABLE UNIVERSAL LIFE
A FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE POLICY
issued by
Security Life of Denver Insurance Company
and
Security Life Separate Account L1
The following replaces the Refund of Sales Charges section on page 38:
Refund of Sales Charges
If the Policy has not lapsed, we will, upon full surrender of the Policy within
the first two Policy years, refund a portion of the sales charges previously
deducted from premiums paid. In the first Policy year, the amount of the refund
is equal to 5% of the premiums paid in that year. In the second Policy year, the
refund is equal to 2.5% of the premiums paid in the first Policy year. After the
second Policy anniversary, there is no refund of sales charges.
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