SECURITY EQUITY SEPARATE ACCOUNT 27
497, 2000-01-14
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                     SECURITY EQUITY LIFE INSURANCE COMPANY
                              PROSPECTUS SUPPLEMENT
                              DATED JANUARY 7, 2000


This page supplements  Security Equity Life Insurance Company's variable product
prospectuses  as  set  forth  below.  Please  keep  this  supplement  with  your
prospectus for future reference.

On January 6, 2000,  Metropolitan Life Insurance Company (MetLife) completed its
acquisition of GenAmerica  Corporation,  the ultimate parent company of Security
Equity Life Insurance  Company.  The acquisition of GenAmerica  Corporation does
not affect policy benefits or any other terms or conditions under your contract.
Immediately  following the transaction,  Security Equity Life Insurance  Company
received  financial  and claims  paying rating  upgrades from three major rating
agencies.

MetLife,  headquartered  in New York City since 1868,  is a leading  provider of
insurance and financial products and services to individual and group customers.


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