Supplement Dated October 28, 1997 to Prospectus Dated August 1, 1997
Kansas City Variable Life Separate Account
Survivorship VUL Contract
Massachusetts
For Contracts sold in the state of Massachusetts, the prospectus is supplemented
as follows:
The Guaranteed Minimum Death Benefit Option described in the prospectus is
not applicable and any reference to or discussion of the Guaranteed Minimum
Death Benefit is replaced with the following description of the Guaranteed
Monthly Premium and Guaranteed Payment Period. The Guaranteed Payment
Period and Guaranteed Monthly Premium provisions guarantee that your policy
will remain in effect for five years following the Issue Date, provided
that you meet the Guaranteed Monthly Premium requirement. The Guaranteed
Payment Period and Guaranteed Monthly Premium provisions are provided on
each Contract and there is no charge for these provisions. Unlike the
Guaranteed Minimum Death Benefit described in the prospectus, the
Guaranteed Payment Period and Guaranteed Monthly Premium provisions apply
to the Additional Insurance Amount and these provisions are available
regardless of which Coverage Option and riders you select. These provisions
will not terminate if certain riders are deleted, if the Coverage Option is
changed or if the amount of Additional Insurance Amount is changed. The
illustrations in the prospectus assume that the Guaranteed Monthly Premium
requirement has been met.
The Guaranteed Monthly Premium and Guaranteed Payment Period provisions
operate as follows: Guaranteed Payment Period --The five years following
the issue date of the Contract, during which one of the following
conditions must exist to prevent your Contract from lapsing:
(1) the Cash Surrender Value of this Contract on a Monthly Anniversary Date
must be sufficient to cover the Monthly Deduction for the month beginning
on that Monthly Anniversary Date ; or
(2) total premiums paid must be equal to or greater than the Guaranteed Monthly
Premium times the number of Monthly Anniversary Dates that the Contract has
been in force, plus the amount of current indebtedness and the total amount
of partial surrenders.
Guaranteed Monthly Premiums--If you pay the Guaranteed Monthly Premium,
your Contract will not lapse during the Guaranteed Payment Period. The
Guaranteed Monthly Premium will change for the remainder of the Guaranteed
Payment Period if you increase the Additional Insurance Amount, add or
delete any riders. A decrease in the Total Sum Insured will not decrease
the Guaranteed Monthly Premium during the Guaranteed Payment Period. The
initial Guaranteed Monthly Premium is shown in the Contract.
The Grace Period provision in the Contract is also impacted by the fact
that the Guaranteed Payment Period and Guaranteed Monthly Premium are
applicable, rather than the Guaranteed Death Benefit. Any reference to or
discussion of the Grace Period provision is replaced with the following
description of this provision. The Grace Period provision operates as
follows:
Grace Period--The conditions which will result in your Contract lapsing
will vary, as follows, depending on whether the Guaranteed Payment Period
has expired.
During the Guaranteed Payment Period : A grace period begins if on any
Monthly Anniversary Day the Cash Surrender Value will not cover the
Monthly Deduction for the month beginning on that Monthly Anniversary
Day and if the accumulated premiums paid as of each Monthly Anniversary
Day are less than:
X + Y + Z
"X" is the accumulated Guaranteed Monthly Premium in effect on each
Monthly Anniversary Day that the Contract is in force based on the
coverage in force for that month.
"Y" is the amount of current indebtedness.
"Z" is the total amount of partial surrenders.
A 61-day grace period will begin on the day we mail the notice of the
premium required to keep this Contract in force. The premium required
to keep this Contract in force will be an amount equal to the lesser
of: (1) the amount by which X + Y + Z is greater than the accumulated
premiums paid as of the Monthly Anniversary Date on which the grace
period began; and (2) an amount sufficient to provide a Cash Surrender
Value equal to three Monthly Deductions.
After the Guaranteed Payment Period: A grace period begins if the Cash
Surrender Value on a Monthly Anniversary Day will not cover the Monthly
Deduction for the month beginning on that Monthly Anniversary Day.
A 61-day grace period will begin on the day we mail notice of the
premium required to keep this Contract in force. A total premium
sufficient to provide a Cash Surrender Value equal to the next three
Monthly Deductions must be paid during the grace period to keep this
Contract in force.
This Contract will terminate without value if sufficient premium is not
paid by the end of the grace period.
If the last surviving Insured dies during the grace period, any past due
Monthly Deductions will be deducted from the death benefit proceeds.
The term "Issue Date" replaces any reference in the prospectus to
"Contract Date."
Scheduled increases to the Additional Insurance Amount are limited to
between 0-10% instead of between 0-25%.
