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GENERAL AMERICAN LIFE INSURANCE COMPANY
PROSPECTUS SUPPLEMENT
DATED NOVEMBER 2, 2000
This page supplements General American Life Insurance Company's prospectus,
dated May 1, 2000, for the Flexible Premium Life Insurance Policy. This
supplement supersedes the supplement dated October 2, 2000.
This supplement reflects: (i) the creation of an elite underwriting class in
addition to the existing preferred, standard, and substandard classes; and
(ii) the creation of an Executive Benefit version of the Policy for
qualifying corporate-sponsored contracts. The changes are effective as of
the date of this supplement. You should review this supplement and keep it
with your prospectus and other important papers related to your policy.
Please contact your Agent / Registered Representative if you have any
questions regarding this information.
Capitalized terms in this supplement have the same meaning as set forth in
the prospectus unless otherwise defined herein.
Addition of Elite Rate Class. The Company places Insureds into an elite rate
class, a preferred rate class, a standard rate class, or rate classes
involving a higher mortality risk. In two otherwise identical Policies, an
Insured in the elite rate class will have a lower cost of insurance than an
Insured in any other rate class. An Insured in the preferred rate class will
have a lower cost of insurance than an Insured in a rate class involving
higher mortality risk.
ADDITION OF EXECUTIVE BENEFIT VERSION OF THE POLICY. An executive benefit
("Executive Benefit") version of the Policy is available for qualifying
corporate-sponsored Policies. In order to qualify for Executive Benefit
status, a Policy must:
* be part of a business-sponsored, non-qualified benefit plan;
* be billed to the sponsoring corporation; and
* have a minimum planned premium for the Policy or for a group of
Policies on one or more Insureds of:
- $100,000 per year for a minimum of seven years;
- $700,000 single premium; or
- a total of $700,000 premium over a seven year period, with
first year premium of at least $100,000.
If we issue a Policy or a group of Policies that meet the criteria outlined
above, the Policy or Policies will be issued as an Executive Benefit version
of the Policy. We may reduce certain charges for policies that qualify for
the Executive Benefit version of the Policy as described in the prospectus
under Adjustment of Charges. Policies which do not meet the criteria
outlined above will be designated as a personal lines ("Personal Lines")
version of the Policy.
