UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
Quarterly Report Under Section 13 or 15(d) of the Securities Exchange Act
of 1934
(Mark one)
[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2000
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from to
Commission file number 33-28976
IDS LIFE INSURANCE COMPANY
(Exact name of registrant as specified in its charter)
MINNESOTA 41-0823832
(State or other jurisdiction of (I.R.S.
Employer incorporation or organization) Identification No.)
AXP FINANCIAL CENTER, MINNEAPOLIS, MINNESOTA 55474
(Address of principal executive offices) (Zip Code)
(Registrant's telephone number, including area code) (612) 671-1257
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes X No
THE REGISTRANT MEETS THE CONDITIONS SET FORTH IN GENERAL INSTRUCTION
H(1)(a) AND (b) OF FORM 10-Q AND IS THEREFORE FILING THIS FORM WITH THE
PERMITTED ABBREVIATED NARRATIVE DISCLOSURE.
<PAGE>
IDS LIFE INSURANCE COMPANY
FORM 10-Q
For the Quarter Ended September 30, 2000
Table of Contents
PART I - FINANCIAL INFORMATION Page
Item 1. Financial Statements
Consolidated Balance Sheets as of
September 30, 2000 (unaudited) and
December 31, 1999 3 - 4
Consolidated Statements of Income for the
three months ended September 30, 2000 and 1999
(unaudited) 5
Consolidated Statements of Income for the
nine months ended September 30, 2000 and 1999
(unaudited) 6
Consolidated Statements of Cash Flows for the
nine months ended September 30, 2000 and 1999
(unaudited) 7 - 8
Notes to Consolidated Financial Statements
(unaudited) 9 - 10
Item 2. Management's Discussion and Analysis of
Consolidated Financial Condition and
Results of Operations 11 - 13
PART II - OTHER INFORMATION 14 - 17
SIGNATURES 18
<PAGE>
IDS LIFE INSURANCE COMPANY
CONSOLIDATED BALANCE SHEETS
($ thousands)
<TABLE>
<CAPTION>
<S> <C> <C>
September 30, December 31,
ASSETS 2000 1999
---------------- ------------------
(unaudited)
Investments:
Fixed Maturities:
Held to maturity, at amortized cost (Fair value:
2000, $6,653,928; 1999, $7,105,743) $6,696,793 $7,156,292
Available for sale, at fair value (Amortized cost:
2000, $12,842,087; 1999, $13,703,137) 12,173,401 13,049,549
---------------- ------------------
18,870,194 20,205,841
Mortgage loans on real estate 3,624,211 3,606,377
Policy loans 616,334 561,834
Other investments 648,444 506,797
---------------- ------------------
Total investments 23,759,183 24,880,849
Cash and cash equivalents 252,482 32,333
Amounts recoverable from reinsurers 391,732 327,168
Amounts due from brokers 1,666 145
Other accounts receivable 56,775 48,578
Accrued investment income 324,118 343,449
Deferred policy acquisition costs 2,885,098 2,674,323
Deferred income taxes 195,320 216,020
Other assets 30,020 23,941
Separate account assets 36,643,767 35,894,732
---------------- ------------------
Total assets $64,540,161 $64,441,538
================ ==================
</TABLE>
<PAGE>
IDS LIFE INSURANCE COMPANY
CONSOLIDATED BALANCE SHEETS
($ thousands, except share amounts)
(continued)
<TABLE>
<CAPTION>
<S> <C> <C>
September 30, December 31,
LIABILITIES AND STOCKHOLDER'S EQUITY 2000 1999
---------------- ------------------
(unaudited)
Liabilities:
Future policy benefits:
Fixed annuities $19,727,084 $20,552,159
Universal life-type insurance 3,413,222 3,391,203
Traditional life insurance 231,224 226,842
Disability income and
long-term care insurance 958,828 811,941
Policy claims and other
policyholders' funds 61,216 24,600
Amounts due to brokers 77,888 148,112
Other 504,772 579,678
liabilities
Separate account liabilities 36,643,767 35,894,732
---------------- ------------------
Total liabilities 61,618,001 61,629,267
---------------- ------------------
Stockholder's equity:
Capital stock, $30 par value per share;
100,000 shares authorized, issued and outstanding 3,000 3,000
Additional paid-in capital 288,327 288,327
Accumulated other comprehensive loss, net of tax:
Net unrealized securities losses (426,015) (411,230)
Retained earnings 3,056,848 2,932,174
---------------- ------------------
Total stockholder's equity 2,922,160 2,812,271
---------------- ------------------
Total liabilities and stockholder's equity $64,540,161 $64,441,538
================ ==================
</TABLE>
See accompanying notes.
<PAGE>
IDS LIFE INSURANCE COMPANY
CONSOLIDATED STATEMENTS OF INCOME
($ thousands)
(unaudited)
<TABLE>
<CAPTION>
<S> <C> <C>
Three months ended
September 30,
2000 1999
---------------- ------------------
Revenues:
Premiums:
Traditional life insurance $13,257 $13,314
Disability income and
long-term care insurance 58,011 51,384
---------------- ------------------
Total premiums 71,268 64,698
Policyholder and contractholder charges 110,439 99,872
Management and other fees 154,630 119,551
Net investment income 413,367 462,424
Net realized gain on investments 9,783 7,996
----------------- -----------------
Total revenues 759,487 754,541
----------------- -----------------
Benefits and expenses:
Death and other benefits:
Traditional life insurance 7,059 7,459
Universal life-type insurance
and investment contracts 33,523 30,371
Disability income and
long-term care insurance 9,635 8,220
Increase in liabilities for
future policy benefits:
Traditional life insurance 773 2,221
Disability income and
long-term care insurance 31,891 23,948
Interest credited on universal life-type
insurance and investment contracts 292,751 298,685
Amortization of deferred policy
acquisition costs 91,350 88,947
Other insurance and operating expenses 83,489 79,191
---------------- ------------------
Total benefits and expenses 550,471 539,042
---------------- ------------------
Income before income taxes 209,016 215,499
Income taxes 51,520 62,171
---------------- ------------------
Net income $157,496 $153,328
================ ==================
</TABLE>
See accompanying notes.
<PAGE>
IDS LIFE INSURANCE COMPANY
CONSOLIDATED STATEMENTS OF INCOME
($ thousands)
(unaudited)
<TABLE>
<CAPTION>
<S> <C> <C>
Nine months ended
September 30,
2000 1999
---------------- ------------------
Revenues:
Premiums:
Traditional life insurance $41,080 $40,361
Disability income and
long-term care insurance 168,936 146,645
---------------- ------------------
Total premiums 210,016 187,006
Policyholder and contractholder charges 331,399 304,991
Management and other fees 458,688 344,993
Net investment income 1,321,314 1,429,795
Net realized gain on investments 484 17,457
----------------- -----------------
Total revenues 2,321,901 2,284,242
----------------- -----------------
Benefits and expenses:
Death and other benefits:
Traditional life insurance 22,773 22,560
Universal life-type insurance
and investment contracts 95,189 88,019
Disability income and
long-term care insurance 27,884 22,960
Increase in liabilities for
future policy benefits:
Traditional life insurance 4,047 5,447
Disability income and
long-term care insurance 83,608 65,473
Interest credited on universal life-type
insurance and investment contracts 888,420 923,072
Amortization of deferred policy
acquisition costs 290,216 279,301
Other insurance and operating expenses 255,800 221,246
---------------- ------------------
Total benefits and expenses 1,667,937 1,628,078
---------------- ------------------
Income before income taxes 653,964 656,164
Income taxes 179,289 193,820
---------------- ------------------
Net income $474,675 $462,344
================ ==================
</TABLE>
See accompanying notes.
<PAGE>
IDS LIFE INSURANCE COMPANY
CONSOLIDATED STATEMENTS OF CASH FLOWS
($thousands)
(unaudited)
<TABLE>
<CAPTION>
<S> <C> <C>
Nine months ended
September 30,
2000 1999
----------------- -------------------
Cash flows from operating activities:
Net income $474,675 $462,344
Adjustments to reconcile net income to
net cash provided by operating activities:
Policy loans, excluding universal
life-type insurance:
Issuance (49,252) (43,764)
Repayment 42,057 40,865
Change in amounts recoverable from reinsurers (64,564) (44,029)
Change in other accounts receivable (8,197) 39,778
Change in accrued investment income 19,331 16,695
Change in deferred policy
acquisition costs, net (210,722) (41,585)
Change in liabilities for future policy
benefits for traditional life,
disability income and
long-term care insurance 151,269 111,763
Change in policy claims and other
policyholders' funds 36,616 (11,140)
Change in deferred income taxes 28,662 44,451
Change in other liabilities (74,907) 155,664
Amortization of premium, (accretion of
discount), net 13,413 (14,986)
Net realized gain on investments (484) (17,457)
Policyholder and contractholder charges,
non-cash (109,984) (131,370)
Other, net (4,230) (6,897)
------------------ -----------------
Net cash provided by operating activities $243,683 $560,332
------------------ -----------------
</TABLE>
<PAGE>
IDS LIFE INSURANCE COMPANY
CONSOLIDATED STATEMENTS OF CASH FLOWS
($ thousands)
(unaudited)
(continued)
<TABLE>
<CAPTION>
<S> <C> <C>
Nine months ended
September 30,
2000 1999
---------------- ------------------
Cash flows from investing activities: Fixed maturities held to maturity:
Purchases ($34) ($859)
Maturities, sinking fund payments and calls 429,956 572,084
Sales 25,193 42,952
Fixed maturities available for sale:
Purchases (732,235) (3,141,968)
Maturities, sinking fund payments and calls 763,611 1,212,007
Sales 830,997 1,358,234
Other investments, excluding policy loans:
Purchases (468,887) (474,322)
Sales 289,985 314,686
Change in amounts due from broker (1,521) (999)
Change in amounts due to broker (70,224) 105,987
----------------- ------------------
Net cash provided by (used in) investing
activities 1,066,841 (12,198)
----------------- ------------------
Cash flows from financing activities:
Activity related to universal life-type insurance
and investment contracts:
Considerations received 1,402,874 1,455,882
Surrenders and death benefits (2,984,364) (2,615,240)
Interest credited to account balances 888,420 923,072
Universal life-type insurance policy loans:
Issuance (83,943) (75,483)
Repayment 36,638 52,312
Cash dividends to parent (350,000) (290,000)
----------------- -----------------
Net cash used in financing activities (1,090,375) (549,457)
----------------- -----------------
Net increase (decrease) in cash and cash equivalents 220,149 (1,322)
Cash and cash equivalents at beginning of period 32,333 22,453
----------------- -----------------
Cash and cash equivalents at end of period $252,482 $21,131
================= =================
</TABLE>
See accompanying notes.
<PAGE>
IDS LIFE INSURANCE COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
September 30, 2000
($ thousands)
(unaudited)
1. General
In the opinion of the management of IDS Life Insurance Company (the
Company), the accompanying unaudited consolidated financial statements contain
all adjustments (consisting of normal recurring adjustments) necessary to
present fairly its balance sheet as of September 30, 2000, statements of income
for the three and nine months ended September 30, 2000 and 1999 and statements
of cash flows for the nine months ended September 30, 2000 and 1999.
The Company is a wholly owned subsidiary of American Express Financial
Corporation (AEFC), which is a wholly-owned subsidiary of American Express
Company. The accompanying unaudited consolidated financial statements include
the accounts of the Company and its wholly owned subsidiaries, IDS Life
Insurance Company of New York, American Enterprise Life Insurance Company,
American Centurion Life Assurance Company, American Partners Life Insurance
Company and American Express Corporation. All material intercompany accounts and
transactions have been eliminated in consolidation.
2. Comprehensive income
Total comprehensive income was $255,849 and $21,445 for the three months
ended September 30, 2000 and 1999 respectively and $459,890 and $24,549 for the
nine months ended September 30, 2000 and 1999 respectively.
3. Statements of cash flows
Cash paid for interest on borrowings totaled $3,072 and $2,838 for the nine
months ended September 30, 2000, and 1999, respectively. Cash paid for income
taxes totaled $146,931 and $170,533 for the nine months ended September 30, 2000
and 1999, respectively.
<PAGE>
IDS LIFE INSURANCE COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
($ thousands)
(unaudited)
(continued)
4. Commitments and contingencies
Commitments for purchases of investments in the ordinary course of business
at September 30, 2000 aggregated $130,447.
The maximum amount of life insurance risk retained by the Company is $750
on any policy insuring a single life and $1,500 on any policy insuring a
joint-life combination. Beginning in 1999, the Company retains only 20% of the
mortality risk on new variable universal life insurance policies. Risk not
retained is reinsured with other life insurance companies, primarily on a yearly
renewable term basis. Long-term care policies are primarily reinsured on a
coinsurance basis. The Company retains all disability income and waiver of
premium risk. Beginning in 2000, the Company retains all accidental death
benefit risk.
In January 2000, AEFC reached an agreement in principle to settle three
class-action lawsuits. The Company had been named as a co-defendant in all three
lawsuits. It is expected the settlement will provide $215 million of benefits to
more than 2 million class participants. The agreement in principle to settle
also provides for release by class members of all insurance and annuity market
conduct claims dating back to 1985. On October 2, 2000 the District Court,
Fourth Judicial District for the State of Minnesota, Count of Hennepin and the
United States District Court for the District of Minnesota entered an order
conditionally certifying a class for settlement purposes, preliminarily
approving the class settlement, directing the issuance of a class notice to the
class and scheduling a hearing to determine the fairness of a settlement for
March, 2001. The settlement costs allocated to the Company are included in the
accompanying 1999 statement of income and did not have a material impact on the
Company's consolidated financial position or results of operations.
The Company is named as a defendant in various other lawsuits. The outcome
of any litigation cannot be predicted with certainty. In the opinion of
management, however, the ultimate resolution of these lawsuits, taken in
aggregate should not have a material adverse effect on the Company's
consolidated financial position.
<PAGE>
MANAGEMENT'S DISCUSSION AND ANALYSIS OF CONSOLIDATED FINANCIAL CONDITION
AND RESULTS OF OPERATIONS
Results of Operations
Nine Months Ended September 30, 2000 Compared to Nine Months Ended September 30,
1999:
Consolidated net income increased 3 percent to $475 million for the nine
months ended September 30, 2000, compared to $462 million in 1999. Earnings
growth resulted primarily from increases in management fees and policyholder and
contractholder charges and a decrease in the effective income tax rate,
resulting primarily from an increase in credits related to affordable housing
investments. Earnings growth was partially offset by a decrease in spread rates,
a decrease in net realized capital gains, and an increase in expenses.
Premiums received totaled $5.3 billion for the nine months ended September
30, 2000, compared to $3.4 billion a year ago. The premium growth is primarily
due to increased sales of variable annuities and variable universal life
insurance.
Policyholder and contractholder charges increased to $331 million for the
nine months ended September 30, 2000, compared with $305 million a year ago.
This increase was primarily due to an increase in life insurance in force.
Management and other fees increased to $459 million for the nine months
ended September 30, 2000 compared with $345 million a year ago. This was
primarily due to an increase in average separate account assets outstanding,
resulting primarily from market appreciation and sales of variable annuities and
variable universal life insurance. The Company provides investment management
services for many of the mutual funds which are used as investment options for
variable annuities and variable life insurance. The Company also receives a
mortality and expense risk fee from the separate accounts.
Net investment income decreased to $1,321 million for the nine months ended
September 30, 2000 compared to $1,430 million one year ago. This is primarily
due to lower investments in fixed maturities and increased investments in low
income housing at September 30, 2000 compared to September 30, 1999.
Total benefits and expenses were $1.7 billion for the nine months ended
September 30, 2000, an increase of 2 percent from a year ago. The largest
component of expenses, interest credited on universal life-type insurance and
investment contracts, decreased 4 percent to $888 million. This was due to lower
aggregate amounts of fixed annuities in force. Other insurance and operating
expenses increased 16 percent as a result of business growth and technology
costs related to growth initiatives.
<PAGE>
MANAGEMENT'S DISCUSSION AND ANALYSIS OF CONSOLIDATED FINANCIAL CONDITION
AND RESULTS OF OPERATIONS
Liquidity and Capital Resources
The liquidity requirements of the Company are met by funds provided from
operations and investment activity. The primary components of the funds provided
are premiums, investment income, proceeds from sales of investments as well as
maturities and periodic repayments of investment principal.
The primary uses of funds are policy benefits, commissions and operating
expenses, policy loans, new investment purchases and dividends to parent.
The Company has an available line of credit with its parent of $200 million
($100 million committed and $100 million uncommitted). This line of credit is
used strictly as a short-term source of funds. At September 30, 2000,
outstanding borrowings under this agreement were $50 million. The Company also
uses reverse repurchase agreements for short-term liquidity needs. Outstanding
reverse repurchase agreements totaled $11 million at September 30, 2000.
At September 30, 2000, approximately 12 percent of the Company's invested
assets were below-investment-grade bonds, compared to 11 percent at December 31,
1999. These investments may be subject to a higher degree of risk than
higher-rated issues because of the borrowers' generally greater sensitivity to
adverse economic conditions, such as recession or increasing interest rates, and
in certain instances the lack of an active secondary market. Expected returns on
below-investment-grade bonds reflect consideration of such factors. The Company
has identified those fixed maturities for which a decline in fair value is
determined to be other than temporary, and has written them down to fair value
with a charge to earnings. In recent months, the industry-wide default rate on
below-investment-grade bonds has increased significantly and this trend is
expected to continue over the next several months and possibly beyond.*
Additional investment security losses throughout the remainder of 2000 are
likely but the amount of these losses is dependent on a number of factors and
cannot be estimated at this time.* Management believes that there will not be a
significant adverse impact on the Company's consolidated financial position.*
For the nine months ended September 30, 2000, sales of fixed maturities
held to maturity were due to significant deterioration in the issuers'
creditworthiness.
At September 30, 2000, the Company had an allowance for losses on mortgage
loans of $12 million.
The Company paid $350 million in dividends to its parent during the nine
months ended September 30, 2000.
* Statements in this discussion of the Company's liquidity and capital
resources marked with an asterisk are forward-looking statements which are
subject to risks and uncertainties. Important factors that could cause results
to differ materially from these forward-looking statements include, among other
things, changes in the ability of issuers of investment securities held by the
Company to meet their debt obligations.
<PAGE>
MANAGEMENT'S DISCUSSION AND ANALYSIS OF CONSOLIDATED FINANCIAL CONDITION
AND RESULTS OF OPERATIONS
New Accounting Pronouncements
In June 1998, the Financial Accounting Standards Board (FASB) issued, and
subsequently amended, Statement of Financial Accounting Standards (SFAS) No.
133, "Accounting for Derivative Instruments and Hedging Activities," which is
effective January 1, 2001. This Statement establishes accounting and reporting
standards for derivative instruments, including some embedded in other
contracts, and hedging activities. It requires that an entity recognize all
derivatives as either assets or liabilities on the balance sheet and measure
those instruments at fair value. Changes in the fair value of a derivative will
be recorded in income or directly to other comprehensive income, depending on
the instrument's designated use. Management estimates that, at September 30,
2000, the transition effects of adopting SFAS No. 133, as amended, on the
Company's net income and other comprehensive income would have been less than $1
million and $35 million, respectively. The final financial effects of transition
at January 1, 2001 will be measured based on the derivatives positions, market
conditions, and the interpretative guidance issued by the FASB as of that time.
In December 1999, the Securities and Exchange Commission ("SEC") issued
Staff Accounting Bulletin No. 101, "Revenue Recognition in Financial
Statements." The SAB outlines the basic criteria that must be met to recognize
revenue, and provides guidelines for disclosure related to revenue recognition
policies. This guidance is required to be implemented in the fourth quarter of
2000. In addition, on October 12, 2000, the SEC staff issued a Frequently Asked
Questions document, which provides the Staff's response to the many inquiries
they have received since the issuance of SAB No. 101. The company does not
expect SAB No. 101 to have a material impact on the company's financial position
or results of operations.
<PAGE>
MANAGEMENT'S DISCUSSION AND ANALYSIS OF CONSOLIDATED FINANCIAL CONDITION AND
RESULTS OF OPERATIONS
PART II - OTHER INFORMATION
Item 1. LEGAL PROCEEDINGS
Reference is made to Note 4 of the Notes to Consolidated Financial
Statements (unaudited) contained in the Report filed on Form 10-Q for
the quarterly period ended September 30, 2000.
Item 2. CHANGES IN SECURITIES AND USE OF PROCEEDS
Not applicable.
Item 3. DEFAULTS UPON SENIOR SECURITIES
Not applicable.
Item 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
Not applicable.
Item 5. OTHER INFORMATION
Not applicable.
Item 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits
3.1 Copy of Certificate of Incorporation of IDS Life Insurance
Company filed electronically as Exhibit 3.1 to Post Effective
Amendment No. 5 to Registration Statement No. 33-28976 is
incorporated herein by reference.
3.2 Copy of the Amended By-laws of IDS Life Insurance Company
filed electronically as Exhibit 3.2 to Post-Effective
Amendment No. 5 to Registration Statement No. 33-28976 is
incorporated herein by reference.
3.3 Copy of Resolution of the Board of Directors of IDS Life
Insurance Company, dated May 5, 1989, establishing IDS Life
Account MGA filed electronically as Exhibit 3.3 to
Post-Effective Amendment No. 5 to Registration Statement No.
33-28976 is incorporated herein by reference.
<PAGE>
PART II - OTHER INFORMATION (continued)
4.1 Copy of Non-tax qualified Group Annuity Contract, Form 30363C,
filed electronically as Exhibit 4.1 to Post-Effective
Amendment No. 5 to Registration Statement No. 33-28976 is
incorporated herein by reference.
4.2 Copy of Non-tax qualified Group Annuity Certificate, Form
30360C, filed electronically as Exhibit 4.2 to Post-Effective
Amendment No. 5 to Registration Statement No. 33-28976 is
incorporated herein by reference.
4.3 Copy of Endorsement No. 30340C-GP to the Group Annuity
Contract filed electronically as Exhibit 4.3 to Post-Effective
Amendment No. 5 to Registration Statement No. 33-28976 is
incorporated herein by reference.
4.4 Copy of Endorsement No. 30340C to the Group Annuity
Certificate filed electronically as Exhibit 4.4 to
Post-Effective Amendment No. 5 to Registration Statement
No. 33-28976 is incorporated herein by reference.
4.5 Copy of Tax qualified Group Annuity Contract, Form 30369C,
filed electronically as Exhibit 4.5 to Post-Effective
Amendment No. 10 to Registration Statement No. 33-28976 is
incorporated herein by reference.
4.6 Copy of Tax qualified Group Annuity Certificate, Form 30368C,
filed electronically as Exhibit 4.6 to Post-Effective
Amendment No. 10 to Registration Statement No. 33-28976 is
incorporated herein by reference.
4.7 Copy of Group IRA Annuity Contract, Form 30372C, filed
electronically as Exhibit 4.7 to Post-Effective Amendment
No. 10 to Registration Statement No. 33-28976 is incorporated
herein by reference.
4.8 Copy of Group IRA Annuity Certificate, Form 30371C, filed
electronically as Exhibit 4.8 to Post-Effective Amendment
No. 10 to Registration Statement No. 33-28976 is incorporated
herein by reference.
4.9 Copy of Non-tax qualified Individual Annuity Contract, Form
30365D, filed electronically as Exhibit 4.9 to Post-Effective
Amendment No. 10 to Registration Statement No. 33-28976 is
incorporated herein by reference.
<PAGE>
PART II - OTHER INFORMATION (continued)
4.10 copy of Endorsement No. 30379 to the Individual Annuity
Contract, filed electronically as Exhibit 4.10 to
Post-Effective Amendment No. 10 to Registration Statement
No. 33-28976 is incorporated herein by reference.
4.11 Copy of Tax qualified Individual Annuity Contract, Form
30370C, filed electronically as Exhibit 4.11 to Post-Effective
Amendment No. 10 to Registration Statement No. 33-28976 is
incorporated herein by reference.
4.12 Copy of Individual IRA Annuity Contract, Form 30373C, filed
electronically as Exhibit 4.12 to Post-Effective Amendment No.
10 to Registration Statement No. 33-28976 is incorporated
herein by reference.
4.13 Copy of Endorsement No. 33007 filed electronically as Exhibit
4.13 to Post-Effective Amendment No. 12 to Registration
Statement No. 33-28976 is incorporated herein by reference.
4.14 Copy of Group Annuity Contract, Form 30363D, filed
electronically as Exhibit 4.1 to Post-Effective
Amendment No. 2 to Registration Statement No. 33-50968 is
incorporated herein by reference.
4.15 Copy of Group Annuity Certificate, Form 30360D, filed
electronically as Exhibit 4.2 to Post-Effective Amendment
No. 2 to Registration Statement No. 33-50968 is incorporated
herein by reference.
4.16 Form of Deferred Annuity Contract, Form 30365E, filed
electronically as Exhibit 4.3 to Post-Effective Amendment
No. 2 to Registration Statement No. 33-50968 is incorporated
herein by reference.
4.17 Form of Group Deferred Variable Annuity Contract, Form 34660,
filed electronically as Exhibit 4.1 to Post-Effective
Amendment No. 2 to Registration Statement No. 33-48701 is
incorporated herein by reference.
4.18 Copy of Non-tax qualified Group Annuity Contract, Form 33111,
filed electronically as Exhibit 4.1 to Registration Statement
No. 333-42793 is incorporated herein by reference.
<PAGE>
PART II - OTHER INFORMATION (continued)
4.19 Copy of Non-tax qualified Group Annuity Certificate, Form
33114, filed electronically as Exhibit 4.2 to Registration
Statement No. 333-42793 is incorporated herein by reference.
4.20 Copy of Tax qualified Group Annuity Contract, Form 33112, filed
electronically as Exhibit 4.3 to Registration Statement No.
333-42793 is incorporated herein by reference.
4.21 Copy of Tax qualified Group Annuity Certificate, Form 33115,
filed electronically as Exhibit 4.4 to Registration Statement
No. 333-42793 is incorporated herein by reference.
4.22 Copy of Group IRA Annuity Contract, Form 33113, filed
electronically as Exhibit 4.5 to Registration Statement No.
333-42793 is incorporated herein by reference.
4.23 Copy of Group IRA Annuity Certificate, Form 33116, filed
electronically as Exhibit 4.6 to Registration Statement No.
333-42793 is incorporated herein by reference.
4.24 Copy of Non-tax qualified Individual Annuity Contract, Form
30484, filed electronically as Exhibit 4.7 to Post-Effective
Amendment No. 1 to Registration Statement No. 333-42793 is
incorporated herein by reference.
4.25 Copy of Tax qualified Individual Annuity Contract, Form 30485,
filed electronically as Exhibit 4.8 to Post-Effective
Amendment No. 1 to Registration Statement No. 333-42793 is
incorporated herein by reference.
4.26 Copy of Individual IRA Contract, Form 30486, filed
electronically as Exhibit 4.9 to Post-Effective Amendment
No. 1 to Registration Statement No. 333-42793 is incorporated
herein by reference.
27. Financial data schedule is filed electronically herewith.
(b) No reports on Form 8-K were required to be filed by the
Company for the nine months ended September 30, 2000.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
REGISTRANT IDS LIFE INSURANCE COMPANY
BY
NAME AND TITLE Philip C. Wentzel
Vice President and Controller
DATE November 10, 2000
