SUPPLEMENT DATED NOVEMBER 5, 1999
TO PROSPECTUS
DATED MAY 1, 1999
for
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE POLICIES
issued by
EQUITRUST LIFE INSURANCE COMPANY
At page 3, in the section titled "DEFINITIONS," the definition of
Business Day is replaced with the following:
Business Day: Each day that the New York Stock Exchange
is open for trading, except the day after Thanksgiving,
the weekday immediately before and after Christmas Day
(in 1999), the weekday immediately before New Year's Day
(in 1999) and the weekday immediately after New Year's
Day (in 2000), and any day on which the Home Office is
closed because of a weather-related or comparable type
of emergency and is unable to segregate orders and
redemption requests received on that day.
