SUPPLEMENT DATED NOVEMBER 25, 1998
TO PROSPECTUS
DATED NOVEMBER 3, 1998
for
FLEXIBLE PREMIUM DEFERRED VARIABLE ANNUITY CONTRACTS
issued by
EQUITRUST LIFE INSURANCE COMPANY
At page 30, in the section titled "Distribution of the
Contracts," the first sentence in the third paragraph is replaced
with the following:
The Company may pay broker-dealers with selling
agreements up to an amount equal to 6.0% of the premiums
paid under a Contract during the first Contract year,
4.5% of the premiums paid in the second through sixth
Contract years and 1.25% of the premiums paid in the
seventh and subsequent Contract years.
