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SUPPLEMENT DATED MAY 27, 1999
to
PROSPECTUS DATED MAY 1, 1999
for
INDIVIDUAL FLEXIBLE PAYMENT VARIABLE ANNUITY CONTRACTS
Issued by
MONY America Variable Account A
MONY Life Insurance Company of America
Effective May 27, 1999 this Supplement updates certain information contained in
your Prospectus. Please read it and keep it with your prospectus for future
reference.
1. The Section entitled "Right to Return Contract Provision" on pages 4 and 23
is hereby amended to include the following information:
For contracts issued in the State of Washington, an additional 10%
penalty will be added to any purchase payment refund due that is not
paid within 30 days of return of the Contract to the Company. For
contracts issued in the State of Oklahoma, if payment is delayed more
than 30 days, the Company will pay interest on the proceeds at a rate
required by Oklahoma law.
2. The section entitled "Payment of Death Benefit" on page 30 is hereby
amended to include the following information:
For contracts issued in the State of Washington, the Company will pay
interest on death proceeds paid in a single sum or settled under a
Settlement Option elected after the date of death. Interest will be
paid from the date of death to the date of payment or election of a
Settlement Option. The interest rate will not be less than the rate
required by law.
3. THE SECTION ENTITLED "CHARGES AGAINST FUND VALUE -- SURRENDER CHARGE" ON
PAGE 33 IS HEREBY AMENDED BY THE ADDITION OF THE FOLLOWING INFORMATION
TO (3):
The elimination of a surrender charge in this situation does not apply
to contracts issued in the State of Texas.
4. THE SECTION ENTITLED "ELECTION AND CHANGE OF SETTLEMENT OPTION" ON PAGE 36
IS HEREBY AMENDED TO INCLUDE THE FOLLOWING INFORMATION:
For contracts issued in the State of Texas, if no election is in
effect when annuity payments start, Settlement Option 3 with a period
certain of 10 years will be considered to have been elected.
5. The first paragraph of the section entitled "Additional Provisions" on
page 37 is hereby amended to include the following information:
For contracts issued in the State of Washington, any underpayment by
the Company will be paid in a single sum after the correction of the
misstatement.
6. THE SECTION ENTITLED "FEDERAL TAX STATUS -- RETIREMENT PLANS" ON PAGE 45
IS HEREBY AMENDED TO INCLUDE THE FOLLOWING INFORMATION AT THE END OF THE
FIRST PARAGRAPH:
Certain Individual Retirement Annuities are not available under
contracts issued in some states.
Form No. 14426 SL (5/27/99) 333-59717
