As filed with the Securities and Exchange Commission on September 26, 2000.
File Nos. 333-31288
811-09227
Securities And Exchange Commission
Washington. D.C. 20549
FORM N-4
Registration Statement under the Securities Act of 1933 [X]
Pre-Effective Amendment No. [ ]
Post-Effective Amendment No. 2
and/or
Registration Statement under the Investment Company Act of 1940 [X]
Amendment No. 15
Allstate Life Insurance Company Separate Account A
(Exact Name of Registrant)
Allstate Life Insurance Company
(Name of Depositor)
Allstate Life Insurance Company
3100 Sanders Road
Northbrook, Illinois 60062
(Address of Depositor's Principal Offices)
847/402-2400
(Depositor's Telephone Number, Including Area Code)
Michael J. Velotta
Senior Vice President, Secretary And General Counsel
Allstate Life Insurance Company
3100 Sanders Road
Northbrook, Illinois 60062
847/402-2400
(Name and Complete Address of Agent for Service)
Copies to:
Richard T. Choi, Esquire Terry R. Young, Esquire
Freedman, Levy, Kroll & Simonds Allstate Distributors, L.L.C.
1050 Connecticut Avenue, N.W., 3100 Sanders Road, J5B
Suite 825 Northbrook, Il 60062
Washington, D.C. 20036-5366
Approximate date of proposed public offering: Continuous
<PAGE>
It is proposed that this filing will become effective (check appropriate box):
/ / immediately upon filing pursuant to paragraph (b) of Rule 485
/x/ on October 2, 2000 pursuant to paragraph (b) of Rule 485
/ / 60 days after filing pursuant to paragraph (a)(1) of Rule 485
/ / on (date) pursuant to paragraph (a)(i) of Rule 485
If appropriate, check the following box:
/ / This post-effective amendment designates a new effective date for a
previously filed post-effective amendment.
Title of Securities Being Registered: Units of interest in the Allstate Life
Insurance Company Separate Account A under deferred variable annuity contracts.
<PAGE>
Explanatory Note
Registrant is filing this post-effective amendment ("Amendment") for the purpose
of adding two new variable sub-accounts that will be available under the Putnam
Allstate Advisor Preferred deferred variable annuity contract described in the
registration statement and to make certain changes to the registration
statement. The Amendment is not intended to amend or delete any part of the
registration statement, except as specifically noted herein.
<PAGE>
Allstate Life Insurance Company
Allstate Life Insurance Company Separate Account A
Supplement, dated October 2, 2000,
to the Prospectus dated April 28, 2000,
as supplemented on July 17, 2000
for the: Putnam Allstate Advisor Variable Annuity
Putnam Allstate Advisor Plus Variable Annuity
Putnam Allstate Advisor Preferred Variable Annuity
This supplement amends the April 28 prospectus for the Putnam Allstate Advisor,
Putnam Allstate Advisor Plus, and Putnam Allstate Advisor Preferred Variable
Annuity Contracts (each, a "Contract"), offered by Allstate Life Insurance
Company. Please keep this supplement for future reference together with your
prospectus.
Cover page: Replace the third paragraph with the following:
Each Contract currently offers several investment alternatives ("investment
alternatives"). The investment alternatives include up to 3 fixed account
options ("Fixed Account Options"), depending on the Contract, and include 27
variable sub-accounts ("Variable Sub-Accounts") of the Allstate Life
Insurance Company Separate Account A ("Variable Account"). Each Variable
Sub-Account invests exclusively in the Class IB shares of one of the
following mutual fund portfolios ("Funds") of Putnam Variable Trust:
<TABLE>
<CAPTION>
<S> <C> <C>
Putnam VT American Government Income Fund Putnam VT International New Opportunities Fund
Putnam VT Asia Pacific Growth Fund Putnam VT Investors Fund
Putnam VT Capital Appreciation Fund Putnam VT Money Market Fund
Putnam VT Diversified Income Fund Putnam VT New Opportunities Fund
Putnam VT The George Putnam Fund of Boston Putnam VT New Value Fund
Putnam VT Global Asset Allocation Fund Putnam VT OTC & Emerging Growth Fund
Putnam VT Global Growth Fund Putnam VT Research Fund
Putnam VT Growth and Income Fund Putnam VT Small Cap Value Fund
Putnam VT Growth Opportunities Fund Putnam VT Technology Fund
Putnam VT Health Sciences Fund Putnam VT Utilities Growth and Income Fund
Putnam VT High Yield Fund Putnam VT Vista Fund
Putnam VT Income Fund Putnam VT Voyager Fund
Putnam VT International Growth Fund Putnam VT Voyager Fund II
Putnam VT International Growth and Income Fund
</TABLE>
Change all references throughout the prospectus to the availability of "25"
Variable Sub-Accounts to "27" Variable Sub-Accounts, and "28" investment
alternatives to "30" investment alternatives.
Page #10: Insert the following to the chart describing "Fund Annual Expenses":
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Management Other Total Annual
Fund Fees 12b-1 Fees Expenses Fund Expenses
---- ---- ---------- ---------- -------------
Putnam VT Capital Appreciation Fund 0.65% 0.15% 0.27% 1.07%
Putnam VT Voyager Fund II 0.70% 0.15% 0.30% 1.15%
---------------------------------------------------- -------------- ----------------- --------------- -----------------
</TABLE>
Page #10: Replace the first sentence of footnote (1) to the chart describing
"Fund Annual Expenses" with the following:
Figures shown in the table are based on the Funds' last fiscal year
ended December 31, 1999, except that the figures for the Putnam VT
Small Cap Value Fund, which commenced operations on April 30, 1999, the
Putnam VT American Government Income Fund and Putnam VT Growth
Opportunities Fund, which commenced operations on January 31, 2000,
Putnam VT Technology Fund, which commenced operations on June 14, 2000,
and Putnam VT Capital Appreciation Fund and Putnam VT Voyager Fund II,
which commenced operations on September 1, 2000, are based on estimates
for the Funds' current fiscal year.
Page #11: Insert the following to Example 1:
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Putnam Allstate Putnam Allstate Putnam Allstate
Advisor Advisor Plus Advisor Preferred
Sub-Account 1 Year 3 Years 1 Year 3 Years 1 Year 3 Years
------------ ------ -------- ------- ------- ------- -------
Putnam Capital Appreciation $89 $132 $101 $170 $43 $100
Putnam Voyager Fund II $89 $132 $102 $173 $43 $102
Page #12: Insert the following to Example 2:
Putnam Allstate Putnam Allstate Putnam Allstate
Advisor Advisor Plus Advisor Preferred
Sub-Account 1 Year 3 Years 1 Year 3 Years 1 Year 3 Years
------------ ------ -------- ------- ------- ------- -------
Putnam Capital Appreciation $29 $89 $33 $102 $33 $100
Putnam Voyager Fund II $30 $92 $34 $105 $33 $102
</TABLE>
Page #14: Replace the maximum age of any Contract owner on the Issue Date,
described in the second paragraph under "Contract Owner," with the following:
90 - Putnam Allstate Advisor
85 - Putnam Allstate Advisor Plus
90 - Putnam Allstate Advisor Preferred
Replace the third paragraph under "Contract Owner" with the following:
If you select the Enhanced Beneficiary Protection Option or a
Retirement Income Guarantee Rider, the maximum age of any owner on the
date we issue the Contract rider is 75.
Page #14: Replace the maximum age of any Annuitant on the Issue Date, described
in the first paragraph under "Annuitant," with the following:
90 - Putnam Allstate Advisor
85 - Putnam Allstate Advisor Plus
90 - Putnam Allstate Advisor Preferred
Insert the following after the second paragrpah under "Annuitant":
If you select the Enhanced Beneficiary Protection Option or a
Retirement Income Guarantee Rider, the maximum age of any Annuitant on
the date we issue the Contract rider is 75.
Page #15: Insert the following after the first sentence in the second paragraph
under the section entitled "Minimum Purchase Payments":
We reserve the right to accept a lesser initial purchase payment
amount.
Page #18: Insert the following to the table describing the investment objective
of each Fund:
Fund: Each Fund Seeks:
Putnam VT Capital Appreciation Capital appreciation
Putnam VT Voyager Fund II Long-term growth of capital
-------------------------------------------------- ----------------------------
Page #22: Insert the following to at the end of the "Putnam Allstate Advisor
Contracts" paragraph under the section entitled "Withdrawal Charge":
Each withdrawal, including a withdrawal of earnings, is considered to
be taken from purchase payments first. We will not deduct a withdrawal
charge when you have withdrawn all purchase payments. However, for
federal income tax purposes, earnings are considered to come out first,
which means you pay taxes on the earnings portion of your withdrawal.
Page #27: For Contracts isued on or after October 2, 2000, replace the first
paragraph of "Income Base B" under the section entitled "Retirement Income
Guarantee Rider 2" with the following:
Income Base B. On the Rider Date, Income Base B is equal to the
Contract Value. After the Rider Date, Income Base B, plus any
subsequent purchase payments (and any Credit Enhancement in the case of
Putnam Allstate Advisor Plus Contracts) and less a withdrawal
adjustment for any subsequent withdrawals, will accumulate daily at a
rate equal to 5% per year until the first day of the month following
the oldest Contract Owner's or, if the Contract Owner is not a living
individual, the Annuitant's 85th birthday.
Page #31: Replace the second sentence of the second paragraph of "Distribution"
under the section entitled "The Contract" with the following:
Commissions paid may vary, but we estimate that the total commission
paid on all Contract sales will not exceed 8.5% of all purchase
payments.
<PAGE>
B-1: For contracts issued on or after October 2, 2000, replace Appendix B with
the following:
Appendix B
Withdrawal Adjustment Example - Income Benefits*
Issue Date: January 1, 2000
Initial Purchase Payment: $50,000 (For Putnam Allstate Advisor Plus Contracts,
a $2,000 Credit Enhancement would apply.)
<TABLE>
<CAPTION>
Income Benefit Amount
------------------------------------------------------------
<S> <C>
Purchase Payment Value 5% Roll-Up Value
Beginning Contract Advisor Plus Maximum Advisor Plus
Type of Contract Transaction Value and Anniversary and
Date Occurrence Value Amount After Preferred Value Preferred
Occurrence
--------- ------------ ------------- ------------ ------------ --------------------- ------------ ------------ ----------
1/1/01 Contract
Anniversary $55,000 $55,000 $50,000 $52,000 $55,000 $52,500 $54,600
--------- ------------ ------------- ------------ ------------ ----------- ----------- ------------ ------------ ----------
7/1/01 Partial
Withdrawal $60,000 $15,000 $45,000 $37,500 $39,000 $41,250 $40,347 $41,961
--------- ------------ ------------- ------------ ------------ ----------- ----------- ------------ ------------ ----------
</TABLE>
The following shows how we compute the adjusted income benefits in the example
above. Please note that the withdrawal adjustment reduces the Purchase Payment
Value, the Maximum Anniversary Value and the 5% Roll-Up Value by the same
proportion as the withdrawal reduces the Contract Value.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Advisor and Plus
Preferred
Purchase Payment Value Income Benefit
Partial Withdrawal Amount
Contract Value Immediately Prior to Partial Withdrawal
Value of Income Benefit Amount Immediately Prior to Partial Withdrawal
Withdrawal Adjustment
Adjusted Income Benefit
= (a) $15,000 $15,000
= (b) $60,000 $60,000
= (c) $50,000 $52,000
[(a)/(b)]*(c) $12,500 $13,000
$37,500 $39,000
Maximum Anniversary Value Income Benefit
Partial Withdrawal Amount = (a) $15,000 $15,000
Contract Value Immediately Prior to Partial Withdrawal = (b) $60,000 $60,000
Value of Income Benefit Amount Immediately Prior to Partial Withdrawal = (c) $55,000 $55,000
Withdrawal Adjustment [(a)/(b)]*(c) $13,750 $13,750
Adjusted Income Benefit $41,250 $41,250
5% Roll-Up Value Income Benefit
Partial Withdrawal Amount = (a) $15,000 $15,000
Contract Value Immediately Prior to Partial Withdrawal = (b) $60,000 $60,000
Value of Income Benefit Amount Immediately Prior to Partial Withdrawal = (c) $53,796 $55,948
(assumes half years worth of interest on $52,500 and $54,600,
respectively)
Withdrawal Adjustment [(a)/(b)]*(c) $13,449 $13,987
Adjusted Income Benefit $40,347 $41,961
</TABLE>
*For purposes of illustrating the withdrawal adjustment calculation, the example
assumes the same hypothetical Contract Values and Maximum Anniversary Value for
all Contracts, net of applicable fees and charges. Actual income benefit amounts
will differ due to the different fees and charges under each Contract and the
Credit Enhancement available under the Putnam Allstate Advisor Plus Contract.
Please remember that you are looking at an example and that your investment
performance may be greater or lower than the figures shown.
C-2: Replace the first footnote (*) to Appendix C with the following:
* No Accumulation Unit Values are shown for the Putnam American
Government Income and Growth Opportunities Sub-Accounts, because
they were offered as of February 4, 2000, the Putnam Technology
Sub-Account, which was first offered as of July 17, 2000, and the
Putnam Capital Appreciation and Voyager II Sub-Accounts, which
were first offered as of October 2, 2000.
D-1: Change from "80" to "85" the Maximum Age of Contract Owner and Annuitant
on the Issue Date for the Advisor Plus Contracts, and from "80" to "90" the
Maximum Age of Contract Owner and Annuitant on the Issue Date for the Advisor
Preferred Contracts.
<PAGE>
Allstate Life Insurance Company
Allstate Life Insurance Company Separate Account A
Supplement, dated October 2, 2000, to the
Statement of Additional Information
dated April 28, 2000, as supplemented on July 17, 2000,
for the: Putnam Allstate Advisor Variable Annuity
Putnam Allstate Advisor Apex Variable Annuity
Putnam Allstate Advisor Plus Variable Annuity
Putnam Allstate Advisor Preferred Variable Annuity
This supplement amends certain disclosure contained in the above-referenced
Statement of Additional Information ("SAI") for the Putnam Allstate Advisor,
Putnam Allstate Advisor Apex, Putnam Allstate Advisor Plus, and Putnam Allstate
Advisor Preferred Variable Annuity Contracts (the "Contracts") offered by
Allstate Life Insurance Company ("Allstate"), to add two new Variable
Sub-Accounts.
Appendices A, B, C and D:
Please note when reading Appendices A, B, C and D that no performance data is
shown for the Putnam Capital Appreciation or Putnam Voyager Fund II Variable
Sub-Accounts because they commenced operations on October 2, 2000.
<PAGE>
PART C
OTHER INFORMATION
Part C is hereby amended to include the following exhibits:
Item 24(b) Exhibits:
(9) (e) Opinion of Michael J. Velotta, Vice President, Secretary and
General Counsel of Allstate Life Insurance Company
(10)(b) Consent of Freedman, Levy, Kroll & Simonds
SIGNATURES
As required by the Securities Act of 1933 and the Investment Company Act of
1940, Registrant, Allstate Life Insurance Company Separate Account A, certifies
that it meets the requirements of Securities Act Rule 485(b) for effectiveness
of this amended Registration Statement and has caused this amended Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, all in the Township of Northfield, State of Illinois, on the 26th
day of September, 2000.
ALLSTATE LIFE INSURANCE COMPANY SEPARATE ACCOUNT A
(REGISTRANT)
BY: ALLSTATE LIFE INSURANCE COMPANY
(DEPOSITOR)
By: /s/ Michael J. Velotta
--------------------------
Michael J. Velotta
Senior Vice President, Secretary and
General Counsel
As required by the Securities Act of 1933, this amended Registration Statement
has been duly signed below by the following Directors and Officers of Allstate
Life Insurance Company on the 26th day of September, 2000.
*/THOMAS J. WILSON, II President and Director
---------------------- (Principal Executive Officer)
Thomas J. Wilson, II
/s/ Michael J. Velotta Senior Vice President, Secretary, General
----------------------- Counsel and Director
Michael J. Velotta
*/KEVIN R. SLAWIN Senior Vice President and Director
----------------- (Principal Financial Officer)
Kevin R. Slawin
*/SAMUEL J. PILCH Controller
----------------- (Principal Accounting Officer)
Samuel H. Pilch
*/CASEY J. SYLLA Chief Investment Officer and Director
----------------
Casey J. Sylla
*/MARLA G. FRIEDMAN Senior Vice President and Director
-------------------
Marla G. Friedman
*/JOHN C. LOUNDS Senior Vice President and Director
----------------
John C. Lounds
*/ By Michael J. Velotta, pursuant to Powers of Attorney previously filed.
EXHIBIT INDEX
Exhibit Description
9 (e) Opinion and Consent of General Counsel
10(b) Consent of Freedman, Levy, Kroll & Simonds
