Supplement dated May 14, 2018, to the
Prospectus for your Variable Annuity
Issued by
LINCOLN BENEFIT LIFE COMPANY
CONSULTANT I VARIABLE ANNUITY PROSPECTUS
THE CONSULTANT SOLUTIONS VARIABLE ANNUITIES (Classic, Plus, Elite, Select)
This supplement amends certain disclosure contained in the prospectus for your Consultant I Variable Annuity contract and The Consultant Solutions Variable Annuities (Classic, Plus, Elite, Select) contract issued by Lincoln Benefit Life Company.
Consultant I Variable Annuity Prospectus:
In the section of the Prospectus captioned “The Investment and Fixed Account Options: Separate Account Investments” in the Consultant I Variable Annuity Prospectus, the Investment Objectives are replaced with the following:
Portfolio: | Investment Objective: | Investment Adviser: |
AIM Variable Insurance Funds (Invesco Variable Insurance Funds) | ||
Invesco Advisers, Inc. | ||
Invesco V.I. American Value Fund - Series I | Provide above-average total return over a market cycle of three to five years by investing in common stocks and other equity securities | |
Invesco V.I. Growth and Income Fund, Series II | Long-term growth of capital and income | |
Invesco V.I. Mid Cap Growth Fund, Series II | Seeks capital growth | |
Invesco V.I. Value Opportunities Fund - Series I(2) | Long-term growth of capital | |
(2) Effective August 19, 2011, the Invesco V.I. Value Opportunities – Series I Sub-Account closed to all Contract Owners except those Contract Owners who had contract value invested in the Variable Sub-Account as of the closure date. Contract Owners who had contract value invested in the Variable Sub-Account as of the closure date may continue to submit additional investments into the Variable Sub-Account thereafter, although they will not be permitted to invest in the Variable Sub-Account if they withdraw or otherwise transfer their entire contract value from the Variable Sub-Account following the closure date. Contract Owners who did not have contract value invested in the Variable Sub-Account as of the closure date may not invest in the Variable Sub-Account.
The Consultant Solutions Variable Annuities
In the section of the Prospectus captioned “Investment Alternatives: The Variable Sub-accounts” in The Consultant Solutions Variable Annuities Prospectus, the Investment Objectives are replaced with the following:
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Portfolio: | Investment Objective: | Investment Adviser: |
AIM Variable Insurance Funds (Invesco Variable Insurance Funds) | ||
Invesco V.I. American Franchise Fund - Series II | Seek capital growth | Invesco Advisers, Inc. |
Invesco V.I. Core Equity Fund - Series II(11) | Long-term growth of capital | |
Invesco V.I. Government Securities Fund - Series II | Total return, comprised of current income and capital appreciation | |
Invesco V.I. Growth and Income Fund, Series II | Long-term growth of capital and income | |
Invesco V.I. Mid Cap Core Equity Fund – Series II(7) | Long-term growth of capital | |
Invesco V.I. Mid Cap Growth Fund, Series II | Seeks capital growth | |
Invesco V.I. Value Opportunities Fund - Series II(2) | Long-term growth of capital |
(2) | Effective August 19, 2011, the Invesco V.I. Value Opportunities – Series II Sub-Account closed to all Contract Owners except those Contract Owners who had contract value invested in the Variable Sub-Account as of the closure date. Contract Owners who had contract value invested in the Variable Sub-Account as of the closure date may continue to submit additional investments into the Variable Sub-Account thereafter, although they will not be permitted to invest in the Variable Sub-Account if they withdraw or otherwise transfer their entire contract value from the Variable Sub-Account following the closure date. Contract Owners who did not have contract value invested in the Variable Sub-Account as of the closure date may not invest in the Variable Sub-Account. |
(7) | Effective September 1, 2015, the Invesco V.I. Mid Cap Core Equity Fund – Series II sub-account was closed to all contract owners except those contract owners who have contract value invested in the variable sub-account as of the closure date. Contract owners who have contract value invested in the variable sub-account as of the closure date may continue to submit additional investments into the variable sub-account thereafter, although they will not be permitted to invest in the variable sub-account if they withdraw or otherwise transfer their entire contract value from the variable sub-account following the closure date. Contract owners who do not have contract value invested in the variable sub-account as of the closure date will not be permitted to invest in the variable sub-account thereafter. |
(11) | Effective December 23, 2016, the Invesco V.I. Core Equity Fund - Series I and Series II sub-accounts were was closed to all contract owners except those contract owners who have contract value invested in the variable sub-account as of the closure date. Contract owners who have contract value invested in the variable sub-account as of the closure date may continue to submit additional investments into the variable sub-account thereafter, although they will not be permitted to invest in the variable sub-account if they withdraw or otherwise transfer their entire contract value from the variable sub-account following the closure date. Contract owners who do not have contract value invested in the variable sub-account as of the closure date will not be permitted to invest in the variable sub-account thereafter. |
If you have any questions, please contact your financial representative or our Variable Annuities Service Center at (800) 457-7617. Our representatives are available to assist you Monday through Friday between 7:30 a.m. and 5:00 p.m. Central time.
Please keep this supplement for future reference together with your prospectus. No other action is required of you.
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