SUPPLEMENT DATED MAY 1, 1999
TO PROSPECTUS
DATED MAY 1, 1999
for
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE POLICIES
issued by
FARM BUREAU LIFE VARIABLE ACCOUNT
of
FARM BUREAU LIFE INSURANCE COMPANY
Farm Bureau Life Insurance Company ("FBLIC") has made several
enhancements to the accompanying flexible premium variable life
insurance policy prospectus. While FBLIC has filed these changes
with the states in which this product is to be sold, as of the
date of this Supplement, FBLIC has not yet received approval from
each state. Therefore, in the states of Minnesota, Oklahoma and
Wisconsin, the following disclosures are supplemental to the
prospectus until such time as the current application and
endorsement are approved by those state insurance departments.
At page 5, in the section titled "SUMMARY AND DIAGRAM OF THE
POLICY-The Variable Account," the third through sixth bullet-
points (excluding those next to each Investment Option) are
replaced with the following:
* We will allocate your initial premium to the Money
Market Subaccount.
* Upon written notification of your receipt of the
Policy, we will automatically allocate, without charge,
your Cash Value in the Money Market Subaccount according
to your allocation instructions.
* Net Premiums paid prior to the date we receive
written notification of receipt will be allocated to the
Money Market Subaccount.
* Net Premiums paid after the date we receive written
notification of receipt will be allocated according to
your allocation instructions.
At page 17, in the section titled "THE POLICY-Premiums-
Allocating Net Premiums," the first three paragraphs are replaced
with the following:
In the application for a Policy, you can allocate Net
Premiums or portions thereof to the Subaccounts, to the Declared
Interest Option, or both. We will initially allocate Net Premiums
to the Money Market Subaccount as of the Delivery Date.
Additional Net Premiums will continue to be allocated to the Money
Market Subaccount until we receive written notification of your
receipt of the Policy, at which time we will allocate the Cash
Value in the Money Market Subaccount, without charge, among the
Subaccounts and Declared Interest Option in accordance with your
allocation instructions. You do not waive your cancellation
privilege by sending us the signed notice of receipt of the Policy
(see "THE POLICY-Examination of Policy (Cancellation Privilege)").
We will allocate Net Premiums received after the date we
receive written notification of your receipt of the Policy in
accordance with your allocation instructions in the application or
your most recent written allocation instructions.
At page 33, in the section titled "CHARGES AND DEDUCTIONS-
Monthly Deduction-Cost of Insurance Rate," the second paragraph is
replaced with the following:
The cost of insurance rates generally increase as the
Insured's Attained Age increases. The premium class of an Insured
also will affect the cost of insurance rate. The Company
currently places Insureds into a standard premium class or into
premium classes involving a higher mortality risk. In an
otherwise identical Policy, Insureds in the standard premium class
will have a lower cost of insurance rate than those in premium
classes involving higher mortality risk. The standard premium
class is also divided into three categories: tobacco, non-tobacco
and preferred plus. Non-tobacco-using Insureds will generally
have a lower cost of insurance rate than similarly situated
Insureds who use tobacco, and preferred plus Insureds will
generally have a lower cost of insurance rate than similarly
situated non-tobacco-using Insureds.
