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NEW ENGLAND LIFE INSURANCE COMPANY
501 Boylston Street
Boston, Massachusetts 02116
(617) 578-2000
ZENITH FLEXIBLE LIFE
Supplement dated February 16, 1998
to
Prospectus dated May 1, 1997
The following sentence is added after the first full sentence at the top of
page A-26: "NELICO currently intends to base the loan value on 100% of the
Policy's projected cash value, rather than 90%, as described above in item (i),
for Policy years 16 and after."
For Policies issued in New Jersey, the following is added to the prospectus
section entitled "Premiums-Flexible Premiums": "Under Policies issued in New
Jersey, if you have met the requirements for the three-year Minimum Premium
death benefit guarantee at the end of three year guarantee period, the Minimum
Premium death benefit guarantee will continue to apply during the fourth Policy
year as long as payments made during that Policy year, less partial surrenders
and loans made in that year, equal the guaranteed maximum Policy charges plus
the applicable Surrender Charge for the fourth Policy year. In addition, under
Policies issued in New Jersey, if at the end of the period for Minimum
Guaranteed Death Benefit B you have met the requirements for that guarantee,
the guarantee will continue to apply during the next Policy year as long as
payments made during that Policy year, less partial surrenders and loans made
in that year, equal the guaranteed maximum Policy charges for that Policy year.
If you make a Policy transaction that changes the amount of the guaranteed
maximum Policy charges for the year, then the amount you need to pay in order
to preserve the death benefit guarantee for an extra Policy year will change
accordingly."
The fifth and sixth sentences of the section entitled "Availability of the
Policy" are revised as follows: "Generally, the minimum face amount available
is $100,000 unless NELICO consents to a lower amount. However, the minimum face
amount available is $50,000 in business situations (situations in which two or
more Policies, on more than one life, are totally or partially funded, directly
or indirectly, by an employer) where the average face amount is at least
$100,000."
The fourth and sixth paragraphs of the section entitled "NELICO's
Distribution Agreement" beginning on page A-38 are revised to indicate that the
maximum commission and/or service fee paid with respect to Target Premiums paid
after the first Policy year is 5% of the Target Premium (plus any additional
portion of a premium which NELICO attributes to certain riders for commission
paying purposes), rather than 4%.
VL-118-98
