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[LETTERHEAD OF SUTHERLAND, ASBILL & BRENNAN, L.L.P. APPEARS HERE]
December 17, 1996
VIA EDGAR
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Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Rule 497(b) Filing for Southland Separate Account L1 of Southland
Life Insurance Company (File No. 33-97852)
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Commissioners:
On behalf of Southland Life Insurance Company and Southland
Separate Account L1 (the "Account"), we are transmitting for filing pursuant to
Rule 497(b) under the Securities Act of 1933 and Rule 101(a) of Regulation S-T,
a conformed electronic format copy of a supplement to the prospectus dated
October 28, 1996 for a flexible premium variable life insurance policy issued
through the Account. The supplement to the prospectus is in the exact form in
which it will be used.
If you have any questions, please telephone the undersigned at
(202) 383-0197.
Sincerely,
/s/ Susan S. Krawczyk
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Susan S. Krawczyk
Enclosures
cc: B. Scott Burton, Esq.
Lloyd F. Bernard, Esq.
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Prospectus Supplement Dated December 18, 1996
to
Prospectus Dated October 28, 1996
for
A FLEXIBLE PREMIUM ADJUSTABLE COMBINATION FIXED AND
VARIABLE LIFE INSURANCE POLICY
issued by
SOUTHLAND LIFE INSURANCE COMPANY AND
SOUTHLAND SEPARATE ACCOUNT L1
5780 Powers Ferry Road, N.W., Atlanta, GA 30340
(770) 980-5100
This supplement should be retained with your prospectus for the Policy.
The attached prospectus includes hypothetical illustrations at pages 21 through
26 showing, among other things, hypothetical Cash Surrender Values and
hypothetical Accumulation Values over a period of years for several sample
policies. In each illustration, the correct Cash Surrender Value for each Policy
Year beginning with the 15th Policy Year is the same amount as the Accumulation
Value given for that year, rather than the Cash Surrender Value currently
indicated in the illustrations.
