<PAGE>
SUPPLEMENT DATED JULY 1, 2000
TO THE PROSPECTUS OF
CIGNA CORPORATE VARIABLE UNIVERSAL LIFE
DATED MAY 1, 2000
Effective as of July 1, 2000, the following revision will apply to prospectuses
delivered for Policies issued in the states of New Jersey and New York:
In addition to the gross commissions paid by the Company for the sale of
Policies, as described under the "Distribution of Policies" section (page 31 of
the prospectus), the Company will pay annual renewal compensation of up to .10%
of net accumulation value beginning in the second year.
PLEASE KEEP THIS SUPPLEMENT FOR FUTURE REFERENCE.