<PAGE> 1
SUPPLEMENT DATED AUGUST 16, 2000
to
PROSPECTUS DATED MAY 1, 2000
for
Individual Flexible Payment Variable Annuity Contract
Issued by
MONY Life Insurance Company
MONY Variable Account A
Effective August 16, 2000 this Supplement updates certain information contained
in your Prospectus. Please read it and keep it with your prospectus for future
reference.
1. THE FIRST SENTENCE OF THE THIRD BULLET ON THE COVER PAGE IS AMENDED TO READ
AS FOLLOWS:
If you do, you can also tell us to place your purchase payments and fund
values into any 17 of the 25 different subaccounts.
2. PAGE 4, THE "SEPARATE ACCOUNT ANNUAL EXPENSES" IN THE FEE TABLE FOR MONY
VARIABLE ACCOUNT A AT THE TOP OF THE PAGE ARE AMENDED AS FOLLOWS:
<TABLE>
<S> <C>
Maximum Mortality and Expense Risk Fees..................... 1.35%***
Total Separate Account Annual Expenses...................... 1.35%***
</TABLE>
3. FOOTNOTE *** ON PAGE 4 IS AMENDED TO READ AS FOLLOWS:
*** The Mortality and Expense Risk charge is deducted daily equivalent to a
current annual rate of 1.35 percent (and is guaranteed not to exceed a
daily rate equivalent to an annual rate of 1.35%) from the value of the
net assets of the Separate Account.
4. THE EXAMPLES ON PAGES 7 THROUGH 9 ARE AMENDED TO READ AS FOLLOWS:
EXAMPLE
If you surrender your Contract at the end of the time periods shown
below, you would pay the following expenses on a $1,000 investment,
assuming 5% annual return on assets:
<TABLE>
<CAPTION>
AFTER AFTER AFTER AFTER
SUBACCOUNT 1 YEAR 3 YEARS 5 YEARS 10 YEARS
---------- ------ ------- ------- --------
<S> <C> <C> <C> <C>
MONY Money Market.................................... $83 $116 $150 $211
MONY Intermediate Term Bond.......................... $84 $120 $156 $224
MONY Long Term Bond.................................. $84 $119 $155 $222
MONY Government Securities........................... $84 $120 $156 $224
Enterprise Equity.................................... $87 $127 $168 $250
Enterprise Small Company Value....................... $87 $127 $169 $252
Enterprise Managed................................... $86 $125 $165 $244
Enterprise International Growth...................... $89 $132 $177 $270
Enterprise High Yield Bond........................... $86 $123 $162 $237
Enterprise Growth.................................... $87 $127 $169 $252
Enterprise Growth and Income......................... $88 $130 $174 $263
Enterprise Small Company Growth...................... $92 $146 $202 $322
Enterprise Equity Income............................. $89 $136 $185 $287
Enterprise Capital Appreciation...................... $90 $136 $185 $285
Enterprise Multi-Cap Growth.......................... $92 $145 $200 $319
Enterprise Balanced.................................. $88 $149 $211 $348
Dreyfus Stock Index.................................. $82 $111 $141 $191
The Dreyfus Socially Responsible Growth.............. $87 $126 $167 $247
Fidelity VIP Growth.................................. $86 $125 $165 $243
</TABLE>
1
<PAGE> 2
<TABLE>
<CAPTION>
AFTER AFTER AFTER AFTER
SUBACCOUNT 1 YEAR 3 YEARS 5 YEARS 10 YEARS
---------- ------ ------- ------- --------
<S> <C> <C> <C> <C>
Fidelity VIP II Contrafund(R)........................ $86 $125 $165 $243
Fidelity VIP III Growth Opportunities................ $86 $126 $166 $246
Janus Aspen Series Aggressive Growth................. $85 $123 $161 $235
Janus Aspen Series Balanced.......................... $85 $123 $161 $235
Janus Aspen Series Capital Appreciation.............. $86 $123 $162 $237
Janus Aspen Series Worldwide Growth.................. $86 $123 $163 $238
</TABLE>
If you annuitize at the end of the time periods shown below, you would
pay the following expenses on a $1,000 investment, assuming 5% annual
return on assets:
<TABLE>
<CAPTION>
AFTER AFTER AFTER AFTER
SUBACCOUNT 1 YEAR 3 YEARS 5 YEARS 10 YEARS
---------- ------ ------- ------- --------
<S> <C> <C> <C> <C>
MONY Money Market.................................... $83 $116 $ 97 $211
MONY Intermediate Term Bond.......................... $84 $120 $104 $224
MONY Long Term Bond.................................. $84 $119 $103 $222
MONY Government Securities........................... $84 $120 $104 $224
Enterprise Equity.................................... $87 $127 $116 $250
Enterprise Small Company Value....................... $87 $127 $117 $252
Enterprise Managed................................... $86 $125 $113 $244
Enterprise International Growth...................... $89 $132 $126 $270
Enterprise High Yield Bond........................... $86 $123 $110 $237
Enterprise Growth.................................... $87 $127 $117 $252
Enterprise Growth and Income......................... $88 $130 $123 $263
Enterprise Small Company Growth...................... $92 $146 $152 $322
Enterprise Equity Income............................. $89 $136 $134 $287
Enterprise Capital Appreciation...................... $90 $136 $134 $285
Enterprise Multi-Cap Growth.......................... $92 $145 $150 $319
Enterprise Balanced.................................. $88 $149 $161 $348
Dreyfus Stock Index.................................. $82 $111 $ 88 $191
The Dreyfus Socially Responsible Growth.............. $87 $126 $115 $247
Fidelity VIP Growth.................................. $86 $125 $113 $243
Fidelity VIP II Contrafund(R)........................ $86 $125 $113 $243
Fidelity VIP III Growth Opportunities................ $86 $126 $114 $246
Janus Aspen Series Aggressive Growth................. $85 $123 $109 $235
Janus Aspen Series Balanced.......................... $85 $123 $109 $235
Janus Aspen Series Capital Appreciation.............. $86 $123 $110 $237
Janus Aspen Series Worldwide Growth.................. $86 $123 $110 $238
</TABLE>
If you do not surrender your Contract at the end of the time periods
shown below, you would pay the following expenses on a $1,000 investment,
assuming 5% annual return on assets:
<TABLE>
<CAPTION>
AFTER AFTER AFTER AFTER
SUBACCOUNT 1 YEAR 3 YEARS 5 YEARS 10 YEARS
---------- ------ ------- ------- --------
<S> <C> <C> <C> <C>
MONY Money Market.................................... $18 $56 $ 97 $211
MONY Intermediate Term Bond.......................... $19 $60 $104 $224
MONY Long Term Bond.................................. $19 $60 $103 $222
MONY Government Securities........................... $19 $60 $104 $224
Enterprise Equity.................................... $22 $68 $116 $250
Enterprise Small Company Value....................... $22 $69 $117 $252
Enterprise Managed................................... $21 $66 $113 $244
Enterprise International Growth...................... $24 $74 $126 $270
Enterprise High Yield Bond........................... $21 $64 $110 $237
Enterprise Growth.................................... $22 $69 $117 $252
Enterprise Growth and Income......................... $23 $72 $123 $263
Enterprise Small Company Growth...................... $28 $88 $152 $322
</TABLE>
2
<PAGE> 3
<TABLE>
<CAPTION>
AFTER AFTER AFTER AFTER
SUBACCOUNT 1 YEAR 3 YEARS 5 YEARS 10 YEARS
---------- ------ ------- ------- --------
<S> <C> <C> <C> <C>
Enterprise Equity Income............................. $24 $78 $134 $287
Enterprise Capital Appreciation...................... $25 $78 $134 $285
Enterprise Multi-Cap Growth.......................... $28 $88 $150 $319
Enterprise Balanced.................................. $23 $91 $161 $348
Dreyfus Stock Index.................................. $16 $51 $ 88 $191
The Dreyfus Socially Responsible Growth.............. $22 $67 $115 $247
Fidelity VIP Growth.................................. $21 $66 $113 $243
Fidelity VIP II Contrafund(R)........................ $21 $66 $113 $243
Fidelity VIP III Growth Opportunities................ $22 $67 $114 $246
Janus Aspen Series Aggressive Growth................. $21 $63 $109 $235
Janus Aspen Series Balanced.......................... $21 $63 $109 $235
Janus Aspen Series Capital Appreciation.............. $21 $64 $110 $237
Janus Aspen Series Worldwide Growth.................. $21 $64 $110 $238
</TABLE>
5. THE FIRST SENTENCE UNDER THE HEADING "ALLOCATION OF PAYMENTS AND FUND
VALUE -- ALLOCATION OF PAYMENTS." ON PAGE 26 IS AMENDED TO READ AS FOLLOWS:
On the application, the Owner may allocate Net Purchase Payments to up to
17 of the 25 subaccount(s) of MONY Variable Account A or to the Guaranteed
Interest Account.
6. ON PAGE 34, FOOTNOTE 2 TO THE TABLE IS DELETED AND THE MORTALITY & EXPENSE
RISK CHARGE IN THE TABLE IS AMENDED TO READ AS FOLLOWS:
Current and maximum daily rate -- .003699%
Current and maximum annual rate -- 1.35%
7. THE FIRST PARAGRAPH UNDER "CHARGES AGAINST FUND VALUE -- DAILY DEDUCTION
FROM MONY AMERICA VARIABLE ACCOUNT A -- MORTALITY AND EXPENSE RISK CHARGE"
ON PAGE 34 IS AMENDED TO READ AS FOLLOWS:
The Company assumes mortality and expense risks. A charge for assuming such
risks is deducted daily from the net assets of Variable Account A. This
daily charge from MONY Variable Account A is deducted at a current daily
rate equivalent to an annual rate of 1.35% from the value of the net assets
of MONY Variable Account A. Of the 1.35% charge, .90% is for assuming
mortality risks (which is guaranteed not to exceed .90%), and .45% is for
assuming expense risks. The charge is deducted from MONY Variable Account
A, and therefore the subaccounts, on each Business Day. These charges will
not be deducted from the Guaranteed Interest Account. Where the previous
day (or days) was not a Business Day, the deduction currently on the next
Business Day will be 0.003699% (guaranteed not to exceed 0.003699%)
multiplied by the number of days since the last Business Day.
Form No. 14427 SL (Supp 8/16/00) Reg. No. 333-72259
3
<PAGE> 4
MONY CUSTOM MASTER
SUPPLEMENT DATED AUGUST 16, 2000
to
STATEMENT OF ADDITIONAL INFORMATION
DATED MAY 1, 2000
for
Individual Flexible Payment Variable Annuity Contract
Issued by
MONY Variable Account A
and
MONY Life Insurance Company
Effective August 16, 2000 this Supplement updates certain information contained
in the Statement of Additional Information.
1. THE FIRST SENTENCE ON PAGE (5) IS AMENDED TO READ AS FOLLOWS:
For the seven-day period ended December 31, 1999, the yield was 4.46%
and the effective yield was 4.57%.
2. THE TABLE ON PAGE (6) IS AMENDED TO READ AS FOLLOWS:
MONY VARIABLE ACCOUNT A
PRO FORMA TOTAL RETURN
(ASSUMING $1000 PAYMENT AT BEGINNING OF
PERIOD AND SURRENDER AT END OF PERIOD)
<TABLE>
<CAPTION>
FOR THE
PERIOD SINCE
FOR THE FOR THE FOR THE INCEPTION
1 YEAR ENDED 5 YEARS ENDED 10 YEARS ENDED THROUGH
DECEMBER 31, DECEMBER 31, DECEMBER 31, DECEMBER 31,
SUBACCOUNT 1999 1999 1999 1999
---------- ------------- ------------- -------------- ------------
<S> <C> <C> <C> <C>
MONY Government Securities............ -6.94% 3.42% N/A 3.61%
MONY Intermediate Term Bond........... -7.34% 4.29% 5.40% 5.59%
MONY Long Term Bond................... -14.60% 5.98% 6.68% 6.98%
Enterprise Equity..................... 6.88% 19.87% 15.19% 15.32%
Enterprise Small Company Value........ 14.67% 16.95% 15.33% 15.21%
Enterprise Managed.................... 0.97% 18.92% 15.99% 17.08%
Enterprise International Growth....... 31.44% 14.64% N/A 14.27%
Enterprise High Yield Bond............ -3.98% 7.43% N/A 7.54%
Enterprise Growth..................... 15.02% N/A N/A 19.34%
Enterprise Growth and Income.......... 11.45% N/A N/A 12.51%
Enterprise Small Company Growth....... 43.79% N/A N/A 51.23%
Enterprise Equity Income.............. -2.30% N/A N/A 0.15%
Enterprise Capital Appreciation....... 43.67% N/A N/A 53.98%
Enterprise Multi-Cap Growth........... N/A N/A N/A 172.43%
Enterprise Balanced................... N/A N/A N/A -1.81%
Dreyfus Stock Index................... N/A N/A N/A -0.24%
The Dreyfus Socially Responsible
Growth.............................. N/A N/A N/A 8.50%
Fidelity VIP Growth................... N/A N/A N/A 6.91%
Fidelity VIP II Contrafund(R)......... N/A N/A N/A 2.89%
Fidelity VIP III Growth
Opportunities....................... N/A N/A N/A -8.07%
Janus Aspen Series Aggressive
Growth.............................. N/A N/A N/A 51.87%
Janus Aspen Series Balanced........... N/A N/A N/A 2.99%
Janus Aspen Series Capital
Appreciation........................ N/A N/A N/A 20.71%
Janus Aspen Series Worldwide Growth... N/A N/A N/A 30.25%
</TABLE>
1
<PAGE> 5
3. THE TABLE ON PAGE (7) IS AMENDED TO READ AS FOLLOWS:
MONY VARIABLE ACCOUNT A
PRO FORMA TOTAL RETURN
(ASSUMING $1000 PAYMENT AT BEGINNING OF
PERIOD AND CONTRACT CONTINUES IN FORCE)
<TABLE>
<CAPTION>
FOR THE
PERIOD SINCE
FOR THE FOR THE FOR THE INCEPTION
1 YEAR ENDED 5 YEARS ENDED 10 YEARS ENDED THROUGH
DECEMBER 31, DECEMBER 31, DECEMBER 31, DECEMBER 31,
SUBACCOUNT 1999 1999 1999 1999
---------- ------------- ------------- -------------- ------------
<S> <C> <C> <C> <C>
MONY Government Securities............ -0.69% 4.38% N/A 4.36%
MONY Intermediate Term Bond........... -1.11% 5.25% 5.40% 5.59%
MONY Long Term Bond................... -8.86% 6.95% 6.68% 6.98%
Enterprise Equity..................... 14.07% 20.99% 15.19% 15.32%
Enterprise Small Company Value........ 22.38% 18.06% 15.33% 15.21%
Enterprise Managed.................... 7.75% 20.03% 15.99% 17.08%
Enterprise International Growth....... 40.28% 15.72% N/A 15.11%
Enterprise High Yield Bond............ 2.48% 8.43% N/A 8.32%
Enterprise Growth..................... 22.76% N/A N/A 26.75%
Enterprise Growth and Income.......... 18.94% N/A N/A 19.54%
Enterprise Small Company Growth....... 53.46% N/A N/A 60.77%
Enterprise Equity Income.............. 4.28% N/A N/A 6.49%
Enterprise Capital Appreciation....... 53.33% N/A N/A 63.81%
Enterprise Multi-Cap Growth........... N/A N/A N/A 190.74%
Enterprise Balanced................... N/A N/A N/A 4.80%
Dreyfus Stock Index................... N/A N/A N/A 6.46%
The Dreyfus Socially Responsible
Growth.............................. N/A N/A N/A 15.80%
Fidelity VIP Growth................... N/A N/A N/A 14.10%
Fidelity VIP II Contrafund(R)......... N/A N/A N/A 9.80%
Fidelity VIP III Growth
Opportunities....................... N/A N/A N/A -1.89%
Janus Aspen Series Aggressive
Growth.............................. N/A N/A N/A 62.08%
Janus Aspen Series Balanced........... N/A N/A N/A 9.91%
Janus Aspen Series Capital
Appreciation........................ N/A N/A N/A 28.82%
Janus Aspen Series Worldwide Growth... N/A N/A N/A 39.00%
</TABLE>
4. THE TABLE ON PAGE (8) IS AMENDED TO READ AS FOLLOWS:
MONY VARIABLE ACCOUNT A
PRO FORMA YIELD FOR 30-DAY PERIOD
<TABLE>
<CAPTION>
YIELD FOR
30 DAYS ENDED
DECEMBER 31, 1999
-----------------
<S> <C>
MONY Intermediate Term Bond................................. 4.99%
MONY Long Term Bond......................................... 5.20%
MONY Government Securities.................................. 4.88%
Enterprise High Yield Bond.................................. 8.00%
</TABLE>
--------------------
The 30-day yield is not indicative of future results.
2
<PAGE> 6
5. THE TABLE ON PAGE (9) IS AMENDED TO READ AS FOLLOWS:
MONY VARIABLE ACCOUNT A
PRO FORMA PERIOD TO DATE TOTAL RETURN
(JANUARY 1 TO FEBRUARY 11, 2000)
(ASSUMING $1000 PAYMENT AT BEGINNING OF PERIOD)
<TABLE>
<CAPTION>
SURRENDER AT NO SURRENDER
SUBACCOUNT END OF PERIOD CONTRACT IN FORCE
---------- ------------- -----------------
<S> <C> <C>
MONY Government Securities............................... -6.79% -0.52%
MONY Intermediate Term Bond.............................. -6.79% -0.52%
MONY Long Term Bond...................................... -5.23% 1.15%
Enterprise Equity........................................ -4.87% 1.53%
Enterprise Small Company Value........................... -7.16% -0.92%
Enterprise Managed....................................... -12.20% -6.30%
Enterprise International Growth.......................... -8.15% -1.98%
Enterprise High Yield Bond............................... -7.16% -0.92%
Enterprise Growth........................................ -11.44% -5.49%
Enterprise Growth and Income............................. -11.92% -6.00%
Enterprise Small Company Growth.......................... 1.71% 8.55%
Enterprise Equity Income................................. -15.87% -10.21%
Enterprise Capital Appreciation.......................... -10.56% -4.54%
Enterprise Multi-Cap Growth.............................. 3.93% 10.92%
Enterprise Balanced...................................... -9.69% -3.61%
Dreyfus Stock Index...................................... -11.59% -5.64%
The Dreyfus Socially Responsible Growth.................. -9.34% -3.25%
Fidelity VIP Growth...................................... -4.84% 1.56%
Fidelity VIP II Contrafund(R)............................ -6.97% -0.72%
Fidelity VIP III Growth Opportunities.................... -12.72% -6.85%
Janus Aspen Series Aggressive Growth..................... 7.74% 14.99%
Janus Aspen Series Balanced.............................. -4.93% 1.46%
Janus Aspen Series Capital Appreciation.................. -4.07% 2.38%
Janus Aspen Series Worldwide Growth...................... 2.64% 9.54%
</TABLE>
Form No. 14433 SL (8/16/00) Registration No. 333-72259
3
