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KEMPER PASSPORT OFFERS WIDE RANGE OF INVESTMENT OPTIONS FOR RETIREMENT PLANNING

              KEMPER PASSPORT OFFERS WIDE RANGE OF
           INVESTMENT OPTIONS FOR RETIREMENT PLANNING
    CHICAGO, Feb. 27 /PRNewswire/ -- With life expectancies in the United States lasting well into the 80's and few people able to rely solely on traditional funding vehicles like social security and pension plans to support their current lifestyles during retirement, Kemper Investors Life Insurance Co. has introduced a product that can help individuals reach their retirement income goals by offering a wide range of features and investment choices.
    Kemper PASSPORT, a group variable and market value adjustable annuity, is designed to help individuals develop their own retirement funding program by combining in a single product investment choices, timing flexibility, interest rate guarantees and capital growth potential.  Kemper PASSPORT features a variety of investment choices (10 interest rate guarantee periods as well as a number of investment portfolios), professional fund management, a provision for increasing the estate benefit of the plan and additional alternatives designed to further reduce investment risk while maximizing return.
    "Investment risk is one of the most significant stumbling blocks on the way to achieving financial security, especially for those saving for retirement," said Peter Camin, vice president for product development at Kemper Investors Life.
    "Kemper PASSPORT helps solve that problem by offering several investment alternatives that help avoid investment risk.  Kemper PASSPORT offers the choice of 10 guarantee periods, ranging from one to 10 years, that provide a 100 percent guarantee of principal and interest at a fixed rate, if funds are held to the end of the period," Camin explained.  This product also provides diversification through six separate investment portfolios managed by Kemper Financial Services.
    "If the investor wants to balance investment risk with return, growth with security, they may opt for Kemper PASSPORT's Guarantee Your Future Program.  Under this program, a portion of the original investment is placed in a guarantee period so that an amount equal to the original investment is present at maturity provided the assets remain in the guarantee period until the guarantee period ends.  The balance of the original investment then can be allocated to one or more of the six portfolios, giving the investor the opportunity to participate in the up side potential of the stock and bond markets," Camin said.
    Kemper PASSPORT offers investors these significant features and options:
    Guarantee Periods For 100 Percent Security -- Investors can choose from 10 interest rate guarantee periods, ranging from one to 10 years, to provide for guaranteed return of principal and interest.  A competitive interest rate is declared and guaranteed through the period selected.  As long as the assets remain until the period ends, the investor will never get back less than the principal and the stated interest rate, compounded annually.  The investor assumes the risk of fluctuations in the market value of the assets, but only realizes such risks if a withdrawal, transfer, annuitization or payment of the estate benefit is made prior to the end of the guarantee period.
    Diversification -- Funds can be invested in the various fixed-rate guarantee periods as well as any one or combination of investment portfolios.  Funds can be transferred among the portfolios and the guarantee periods as frequently as every 15 days.  Transfers from guarantee periods may be subject to a market value adjustment.
    Tax Deferral On Earnings (A) -- Like an IRA, there are no current taxes on investment earnings, allowing funds to grow much faster than those in a similar, taxable plan.  Unlike an IRA, however, there are no limits on how much can be contributed.
    Wide-Ranging Investment Opportunities -- Funds can be invested in these Kemper Investor Fund Portfolios:
    -- Total Return -- By investing in a combination of debt securities and common stocks, it seeks a high total return, a combination of income and capital appreciation.
    -- Equity -- Seeks to provide maximum capital appreciation through a diversification of investments consisting of common stocks and convertible or exchangeable debt securities.
    -- International -- Seeks to provide a total return, principally through an internationally diversified portfolio of primarily equity securities.
    -- High Yield -- Seeks to provide a high level of current income by investing in fixed income securities.
    -- Government Securities -- Seeks high current return consistent with capital preservation by investing primarily in U.S. government securities.
    -- Money Market -- Seeks to provide maximum current income, consistent with stability of principal, by investing in high-quality money market debt securities.
    -- Dollar Cost Averaging (B) -- An Automatic Capital Transfer (ACT) Program allows all or any portion of the initial payment to be invested at regular intervals.  This protects against investing a large sum at the worst time -- when market prices are at their highest.  As an added benefit, certain expense charges are waived in the Money Market II subaccount, which is available to new Kemper Passport owners only.
    -- Increasing Estate Benefit -- If a death benefit becomes payable and if the owner and annuitant of a Kemper PASSPORT are under age 66 at issue, for the first six years of the program the beneficiaries will always receive the original payments (less withdrawals) plus an additional five percent compounded annually, OR the current value (separate account value plus market adjusted value), whichever is higher.  For every six-year period after that, they will receive the current value or the value determined on the previous sixth year reset, whichever is greater.
    "The combination of 10 different guarantee periods, six separate account portfolios, the Guarantee Your Future Program and dollar cost averaging makes Kemper PASSPORT one of a very few investments that combines all these choices with the traditional strengths of annuities," Camin noted.  "When you take into consideration the superior performance of the Kemper Investors Fund Portfolios for the past one-, three- and five-year periods, we believe PASSPORT offers a complete package of safety and potential return unsurpassed in the industry."(B)
    Persons ages 0-85 can invest in Kemper PASSPORT.  The minimum initial payment is $5,000 and additional payments of $5,000 or more can be made during the first six months after issue.  There is no early withdrawal charge for funds that have been accumulating for more than six years.  There is a charge for funds withdrawn during years one through six, starting with six percent in year one and decreasing one percent every other year until year seven.
    Kemper Investors Life Insurance Co. is a legal reserve life insurance company with over $6 billion in assets.  Kemper Investors Life Insurance Co. is a wholly owned subsidiary of Kemper Financial Companies, Inc., a financial services holding company which is a subsidiary of Kemper Corp., a diversified financial services holding company.  Securities are distributed through Kemper Financial Services, Inc.
    (A) All values in Kemper PASSPORT accumulate tax-deferred until withdrawn.  For withdrawals of taxable income before age 59-1/2, a 10 percent federal income tax penalty may apply, except in certain cases, such as death or total disability.
    (B) A program of regular investment cannot assume a profit nor protect against a loss in a declining market and, since such a program involves continuous investment regardless of fluctuating share values, investors should consider their financial ability to continue the program through periods of low price levels.  Unit values when redeemed may be worth more or less than their original cost.
    -0-                       2/27/92
    /CONTACT:  Steve Radis, 312-499-8393, Martin Gawne, 312-499-1905, both of Kemper Investors Life Insurance/
    (KEM) CO:  Kemper Investors Life Insurance Co. ST:  Illinois IN:  FIN SU:  PDT SM -- NY054 -- 3298 02/27/92 13:15 EST
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Date:Feb 27, 1992
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