<PAGE>
SUPPLEMENT DATED NOVEMBER 2, 1998
to
ENSEMBLE II PROSPECTUS DATED MAY 1, 1998
JPF SEPARATE ACCOUNT A
of
JEFFERSON PILOT FINANCIAL INSURANCE COMPANY
Effective November 2, 1998, the Domestic Growth Stock Portfolio of Jefferson
Pilot Variable Fund, Inc. has changed its name to the "Small Company Portfolio"
(the "Portfolio"). Also effective November 2, 1998, the Portfolio's investment
objective is to achieve growth of capital. The Portfolio pursues this objective
by investing primarily in a diversified portfolio of equity securities issued by
small companies. See the Jefferson Pilot Variable Fund, Inc. prospectus dated
November 2, 1998 for details concerning the Portfolio and its new investment
objective.
The Ensemble II variable universal life insurance prospectus is hereby amended
by changing any reference to the Portfolio and its investment objective to
reflect the new name and investment objective.
