SUPPLEMENT DATED JULY 11, 2000, TO
THE PROSPECTUS DATED MAY 1, 2000, FOR
FUTURE DIMENSIONS VARIABLE UNIVERSAL LIFE
A FLEXIBLE PREMIUM ADJUSTABLE COMBINATION FIXED
AND VARIABLE UNIVERSAL LIFE INSURANCE POLICY
ISSUED BY
SOUTHLAND LIFE INSURANCE COMPANY
AND
SOUTHLAND SEPARATE ACCOUNT L1
THIS SUPPLEMENT UPDATES CERTAIN INFORMATION CONTAINED IN YOUR PROSPECTUS DATED
MAY 1, 2000. PLEASE READ IT CAREFULLY AND KEEP IT WITH YOUR PROSPECTUS FOR
FUTURE REFERENCE.
For policies issued on or after July 11, 2000, the minimum stated death benefit
is changed from $50,000 to $100,000. The minimum stated death benefit is
referenced in the first sentence of the second paragraph in the "Policy
Summary," section "Death Benefits" subsection on page 9; the first sentence of
the second paragraph in the "Death Benefits" section on page 22; the fifth
paragraph in the "Changes in Death Benefit Amounts" subsection on page 24 and;
the first sentence of the third paragraph in the "Adjustable Term Insurance
Rider" subsection on page 27.
* * * * * * * * * * * * * * * * *
Effective July 11, 2000, the paragraph in the "Accidental Death Benefit Rider"
subsection on page 28 is hereby deleted and replaced as follows:
"This rider will pay the benefit amount selected by you if the
insured dies as a result of an accident. The insured person
may be no younger than age 5 and no older than age 60 at
issue. The minimum coverage is $10,000. The maximum coverage
is the lesser of: 1) the stated death benefit; or 2) $100,000
for an insured person age 5 through 25; or 3) $300,000 for an
insured person age 26 through 60. The monthly charge for this
rider is $0.08 to $0.15 per $1,000 of rider coverage depending
on the insured person's age."
* * * * * * * * * * * * * * * * *
References to the issue or policy date for "Type 1" and "Type 2" coverage in the
second paragraph in the "Continuation of Coverage" subsection on page 29 are
hereby changed from August 1, 2000, to October 1, 2000.
* * * * * * * * * * * * * * * * *
The fourth paragraph of the "Distribution of the Policies" subsection on page 41
is hereby deleted and replaced as follows:
"During the first policy year, the distribution allowance is
80% of the premium we receive up to target. For premium we
receive over target, the distribution allowance is 3.5% in
policy years one through ten."
