PROSPECTUS SUPPLEMENT
for
VARIABLE ANNUITY CONTRACTS
issued by
Variable Account I
and
AIG LIFE INSURANCE COMPANY
One Alico Plaza
600 King Street
Wilmington, DE 19801
Dated May 23, 2000
Supplement to the Variable Annuity Profile and Prospectus for Variable Annuity
Contracts dated May 1, 2000 issued by Variable Account I and AIG Life Insurance
Company in the states of Washington and Oregon.
Throughout the prospectus delete all references to the fixed investment option
that is part of the general account. The fixed investment option is not
available in the states of Washington and Oregon.
Amend the headings indicated, as follows:
VARIABLE ANNUITY PROFILE
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5. EXPENSES
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If you take money out in excess of the free withdrawal amount permitted by your
contract, you may be assessed a surrender charge as a percentage of the premium
you withdraw. The percentage declines over a seven year period as follows:
Premium Year 0 1 2 3 4 5 6 7
Surrender Charge 6% 6% 5% 4% 3% 2% 1% 0%
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10. OTHER INFORMATION
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Right to Examine and Cancel: You may cancel your contract within ten days by
mailing it to our Administrative Office. Your contract will be treated as void
on the date we receive it and we will refund your full premium paid.
PROSPECTUS
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THE CONTRACT
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Right to Examine Contract
If you change your mind about owning this contract, you can cancel it within ten
days after receiving it by mailing it back to our Administrative Office:
Delaware Valley Financial Services, Inc., P.O. Box 3031, Berwyn, PA 19312-0031.
We will refund your full premium paid.
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CHARGES AND DEDUCTIONS
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Surrender Charge
If you surrender your contract prior to the Annuity Date during the first seven
years after a premium payment, we will assess a surrender charge as a percentage
of premium withdrawn as shown below:
Premium Year 0 1 2 3 4 5 6 7
Surrender Charge 6% 6% 5% 4% 3% 2% 1% 0%
Contract Maintenance Fee
During the accumulation phase, we will deduct a contract maintenance fee of $30
from your contract to each Contract Anniversary. It will not be collected after
annuitization.
Premium Taxes
Premium taxes do not apply to contracts issued in the states of Washington and
Oregon.
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ACCESS TO YOUR MONEY
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Generally
4th paragraph,
Under most circumstances, partial surrenders must be for a minimum of $500. We
require that your Contract Value be at least $2,500 after the surrender. If the
Contract Value would be less than $2,500 as a result of a surrender, we may
cancel the contract. Unless you provide us with different instructions, partial
surrenders will be made pro rata from each investment option in which your
contract is invested.
