Supplement Dated September 8, 1995
to Prospectus Dated May 1, 1995
Life of Virginia Separate Account 4
Effective October 2, 1995, premium payments and account value transfers may
no longer be allocated to the investment subdivisions of Separate Account 4
that invest in shares of the following Portfolios of the Funds:
Variable Insurance Products Fund:
Money Market Portfolio
High Income Portfolio
Neuberger & Berman Advisers Management Trust
Balanced Portfolio
Growth Portfolio
Limited Maturity Bond Portfolio
Oppenheimer Variable Account Funds
Oppenheimer Money Fund
Although premium payments and account value transfers may not be allocated
to the investment subdivisions listed above as of October 2, 1995, account
values that are allocated to those subdivisions as of October 1, 1995 may
remain in those subdivisions.
Policyowners currently allocating premium payments to any of the six
investment subdivisions mentioned above may, by written notice to the Home
Office, re-allocate those payments to other investment subdivisions prior
to October 2, 1995. If a Policyowner does not do so, the portions of any
premiums received on or after October 2, 1995 that would have been
allocated to any of the six investment subdivisions will be refunded to the
Policyowner. Similarly, transfer requests to any of the six investment
subdivisions received on or after October 2, 1995 will not be implemented.
If a Policyowner has a Dollar Cost Averaging program in effect which
automatically transfers account values into any of the six investment
subdivisions mentioned above, the transfers into those subdivisions will
cease as of October 2, 1995. Policyowners in this situation should, by
written notice to the Home Office, re-allocate those Dollar Cost Averaging
transfers to other investment subdivisions prior to October 2, 1995. If
they do not re-allocate their Dollar Cost Averaging transfers prior to that
date, the transfers which would have been allocated to the six investment
subdivisions mentioned above will remain in the investment subdivision that
is being used to fund the Policyowner's Dollar Cost Averaging transfers.
The Life Insurance Company of Virginia
6610 West Broad Street
Richmond, Virginia 23230
