Prospectus Supplement June 29, 1999*
Variable Universal Life Policy (VUL-3) (April 30, 1999)
(S-6189) C (6/99)
The following phrase (shown in italics)under the first bullet should be modified
in the definition for "Maximum loan" under the "Policy loans" section of the
prospectus:
Maximum loan:
* In Texas, 100% of the policy value in the fixed account plus 85% of the policy
value in the variable account minus surrender charges.
The definition for "Overdue interest" in section titled "Policy loans" has been
modified and should be replaced with the following:
Overdue interest: If you do not pay accrued interest when it is due, we will
increase the amount of indebtedness in the fixed account to cover the amount
due. Interest added to a policy loan will be charged the same interest rate as
the loan itself. We will take the interest from the fixed account and/or
subaccounts in proporation to their value, minus indebtedness.
*Destroy May 1, 2000
