SUPPLEMENT DATED NOVEMBER 20, 1996
TO PROSPECTUS DATED MAY 1, 1996
Life of Virginia Separate Account 4
Form P1143 4/94
The following examples replace those found on pages 10-14 in the above
referenced prospectus.
EXAMPLES
A Policyowner would pay the following expense on a $1,000 investment, assuming a
5% annual return on assets and the charges and expenses reflected in the Fee
Table above (including the elective death benefit rider):
1. If you surrender* your Policy at the end of the applicable period:
<TABLE>
<CAPTION>
Subdivision Investing In: 1 Year 3 Years 5 Years 10 Years
- ------------------------- ------ ------- ------- --------
<S><C>
Variable Insurance Products Fund
Equity-Income Portfolio $80.34 $135.39 $172.66 $286.76
Growth Portfolio 81.19 137.95 177.18 295.81
Overseas Portfolio 83.17 143.89 187.67 316.59
Variable Insurance Products Fund II
Asset Manager Portfolio 82.04 140.49 181.69 304.77
Contrafund Portfolio 81.38 138.51 178.19 297.81
Life of Virginia Series Fund, Inc.
Money Market Portfolio 76.68 124.11 152.06 241.87
Government Securities Portfolio 81.57 139.08 179.19 299.80
Common Stock Index Portfolio 80.81 136.81 175.17 291.80
Total Return Portfolio 80.71 136.52 174.67 290.79
International Equity Portfolio 88.74 160.37 215.51 372.49
Real Estate Securities Portfolio 86.38 153.42 203.87 349.24
Oppenheimer Variable Account Funds
Oppenheimer High Income Fund 82.23 141.06 182.69 306.75
Oppenheimer Bond Fund 82.13 140.78 182.19 305.76
Oppenheimer Capital Appreciation Fund 81.94 140.21 181.19 303.78
Oppenheimer Multiple Strategies Fund 81.85 139.93 180.69 302.79
Oppenheimer Growth Fund 82.04 140.49 181.69 304.77
Janus Aspen Series
Growth Portfolio 81.94 140.21 181.19 303.78
Aggressive Growth Portfolio 82.70 142.48 185.18 311.69
Worldwide Growth Portfolio 83.08 143.61 187.17 315.61
International Growth Portfolio** 86.38 153.42 203.87 349.24
Balanced Portfolio 87.52 156.76 209.48 360.48
Flexible Income Portfolio 84.69 148.39 195.41 332.11
Federated Insurance Series
Federated Utility Fund II 82.61 142.19 184.68 310.70
Federated High Income Bond Fund II 82.13 140.78 182.19 305.76
Federated American Leaders Fund II 82.61 142.19 184.68 310.70
The Alger American Fund
Alger American Growth Portfolio 82.61 142.19 184.68 310.70
Alger American Small Capitalization Portfolio 83.27 144.17 188.16 317.57
</TABLE>
See page 4 for footnotes.
1
<PAGE>
2. If you annuitize at the end of the applicable period, or do not surrender*:
<TABLE>
<CAPTION>
Subdivision Investing In: 1 Year 3 Years 5 Years 10 Years
- ------------------------- ------ ------- ------- --------
<S><C>
Variable Insurance Products Fund
Equity-Income Portfolio $24.97 $77.21 $132.66 $286.76
Growth Portfolio 25.87 79.92 137.18 295.81
Overseas Portfolio 27.97 86.22 147.67 316.59
Variable Insurance Products Fund II
Asset Manager Portfolio 26.77 82.62 141.69 304.77
Contrafund Portfolio 26.07 80.52 138.19 297.81
Life of Virginia Series Fund, Inc.
Money Market Portfolio 21.11 65.25 112.06 241.87
Government Securities Portfolio 26.27 81.12 139.19 299.80
Common Stock Index Portfolio 25.47 78.71 135.17 291.80
Total Return Portfolio 25.37 78.41 134.67 290.79
International Equity Portfolio 33.85 103.70 176.52 372.49
Real Estate Securities Portfolio 31.36 96.33 164.40 349.24
Oppenheimer Variable Account Funds
Oppenheimer High Income Fund 26.97 83.22 142.69 306.75
Oppenheimer Bond Fund 26.87 82.92 142.19 305.76
Oppenheimer Capital Appreciation Fund 26.67 82.32 141.19 303.78
Oppenheimer Multiple Strategies Fund 26.57 82.02 140.69 302.79
Oppenheimer Growth Fund 26.77 82.62 141.69 304.77
Janus Aspen Series
Growth Portfolio 26.67 82.32 141.19 303.78
Aggressive Growth Portfolio 27.47 84.72 145.18 311.69
Worldwide Growth Portfolio 27.87 85.92 147.17 315.61
International Growth Portfolio** 31.36 96.33 164.40 349.24
Balanced Portfolio 32.56 99.87 170.24 360.48
Flexible Income Portfolio 29.57 90.99 155.58 332.11
Federated Insurance Series
Federated Utility Fund II 27.37 84.42 144.68 310.70
Federated High Income Bond Fund II 26.87 82.92 142.19 305.76
Federated American Leaders Fund II 27.37 84.42 144.68 310.70
The Alger American Fund
Alger American Growth Portfolio 27.37 84.42 144.68 310.70
Alger American Small Capitalization Portfolio 28.07 86.52 148.16 317.57
</TABLE>
See page 4 for footnotes.
2
<PAGE>
EXAMPLES
A Policyowner would pay the following expense on a $1,000 investment, assuming a
5% annual return on assets and the charges and expenses reflected in the Fee
Table above (excluding the elective death benefit rider):
1. If you surrender* your Policy at the end of the applicable period:
<TABLE>
<CAPTION>
Subdivision Investing In: 1 Year 3 Years 5 Years 10 Years
- ------------------------- ------ ------- ------- --------
<S><C>
Variable Insurance Products Fund
Equity-Income Portfolio $76.96 $124.91 $153.39 $244.14
Growth Portfolio 77.82 127.48 157.96 253.39
Overseas Portfolio 79.81 133.46 168.55 274.63
Variable Insurance Products Fund II
Asset Manager Portfolio 78.67 130.04 162.51 262.55
Contrafund Portfolio 78.01 128.05 158.98 255.44
Life of Virginia Series Fund, Inc.
Money Market Portfolio 73.35 113.96 133.85 204.09
Government Securities Portfolio 78.20 128.62 159.99 257.48
Common Stock Index Portfolio 77.44 126.33 155.93 249.29
Total Return Portfolio 77.35 126.05 155.43 248.27
International Equity Portfolio 85.38 150.04 197.43 331.78
Real Estate Securities Portfolio 83.03 143.05 185.45 308.01
Oppenheimer Variable Account Funds
Oppenheimer High Income Fund 78.86 130.62 163.52 264.58
Oppenheimer Bond Fund 78.77 130.33 163.02 263.57
Oppenheimer Capital Appreciation Fund 78.58 129.76 162.01 261.54
Oppenheimer Multiple Strategies Fund 78.48 129.47 161.50 260.53
Oppenheimer Growth Fund 78.67 130.04 162.51 262.55
Janus Aspen Series
Growth Portfolio 78.58 129.76 162.01 261.54
Aggressive Growth Portfolio 79.34 132.04 166.04 269.62
Worldwide Growth Portfolio 79.71 133.17 168.05 273.63
International Growth Portfolio** 83.03 143.05 185.45 308.01
Balanced Portfolio 84.16 146.40 191.34 319.50
Flexible Income Portfolio 81.32 137.98 176.54 290.49
Federated Insurance Series
Federated Utility Fund II 79.24 131.75 165.54 268.61
Federated High Income Bond Fund II 78.77 130.33 163.02 263.57
Federated American Leaders Fund II 79.24 131.75 165.54 268.61
The Alger American Fund
Alger American Growth Portfolio 79.24 131.75 165.54 268.61
Alger American Small Capitalization Portfolio 79.90 133.74 169.05 275.63
</TABLE>
See page 4 for footnotes.
3
<PAGE>
2. If you annuitize at the end of the applicable period, or do not surrender*:
<TABLE>
<CAPTION>
Subdivision Investing In: 1 Year 3 Years 5 Years 10 Years
- ------------------------- ------ ------- ------- --------
<S><C>
Variable Insurance Products Fund
Equity-Income Portfolio $21.40 $66.09 $113.39 $244.14
Growth Portfolio 22.31 68.82 117.96 253.39
Overseas Portfolio 24.41 75.15 128.55 274.63
Variable Insurance Products Fund II
Asset Manager Portfolio 23.21 71.53 122.51 262.55
Contrafund Portfolio 22.51 69.42 118.98 255.44
Life of Virginia Series Fund, Inc.
Money Market Portfolio 17.58 54.49 93.85 204.09
Government Securities Portfolio 22.71 70.02 119.99 257.48
Common Stock Index Portfolio 21.91 67.60 115.93 249.29
Total Return Portfolio 21.81 67.30 115.43 248.27
International Equity Portfolio 30.30 92.73 157.68 331.78
Real Estate Securities Portfolio 27.81 85.32 145.45 308.01
Oppenheimer Variable Account Funds
Oppenheimer High Income Fund 23.41 72.14 123.52 264.58
Oppenheimer Bond Fund 23.31 71.84 123.02 263.57
Oppenheimer Capital Appreciation Fund 23.11 71.23 122.01 261.54
Oppenheimer Multiple Strategies Fund 23.01 70.93 121.50 260.53
Oppenheimer Growth Fund 23.21 71.53 122.51 262.55
Janus Aspen Series
Growth Portfolio 23.11 71.23 122.01 261.54
Aggressive Growth Portfolio 23.91 73.65 126.04 269.62
Worldwide Growth Portfolio 24.31 74.85 128.05 273.63
International Growth Portfolio** 27.81 85.32 145.45 308.01
Balanced Portfolio 29.01 88.88 151.34 319.50
Flexible Income Portfolio 26.01 79.95 136.54 290.49
Federated Insurance Series
Federated Utility Fund II 23.81 73.34 125.54 268.61
Federated High Income Bond Fund II 23.31 71.84 123.02 263.57
Federated American Leaders Fund II 23.81 73.34 125.54 268.61
The Alger American Fund
Alger American Growth Portfolio 23.81 73.34 125.54 268.61
Alger American Small Capitalization Portfolio 24.51 75.45 129.05 275.63
</TABLE>
For purposes of these examples, the $25 Annual Policy Maintenance Charge has
been translated into an assumed charge at an annual rate of 0.10% of Account
Value. The actual amount of the policy maintenance charge attributable to a
$1,000 investment will depend on the amount of the total investment in the
Policy.
THESE EXAMPLES SHOULD NOT BE CONSIDERED REPRESENTATIVE OF PAST OR FUTURE
EXPENSES AND ACTUAL EXPENSES PAID MAY BE GREATER OR LESS THAN THOSE SHOWN. THE
ASSUMED 5% ANNUAL RETURN IS HYPOTHETICAL; PAST OR FUTURE ANNUAL RETURNS MAY BE
GREATER OR LESS THAN THE ASSUMED AMOUNT.
*Surrender includes annuitization over a period of less than 5 years
**Figures for the International Growth Portfolio of the Janus Aspen Series
reflect an expense limit of 1.25% of average net assets, which became effective
on June 3, 1996.
4
<PAGE>
The expense information regarding the Funds was provided by those Funds. The
Variable Insurance Products Fund, Variable Insurance Products Fund II,
Oppenheimer Variable Account Funds, Janus Aspen Series, Federated Insurance
Series, The Alger American Fund and their investment advisors are not affiliated
with Life of Virginia. While Life of Virginia has no reason to doubt the
accuracy of these figures provided by these non-affiliated Funds, Life of
Virginia has not independently verified such information.
The Life Insurance Company of Virginia
6610 West Broad Street
Richmond, Virginia 23230
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