Supplement dated August 30, 1999
to Prospectus Dated May 1, 1999
for GE Life & Annuity Separate Account 4
P1140 10/90
The purpose of this supplement is to revise or modify certain information
contained in your prospectus dated May 1, 1999. The changes made in this
supplement relate to the following sections of your prospectus: Account 4;
Transfers; The Death Benefit; Income Payments; and Requesting Payments.
ACCOUNT 4 -- Investment Subdivisions
o VIP Overseas Portfolio of Variable Insurance Products Fund is subadvised by
Fidelity Management & Research (U.K.) Inc., Fidelity Management & Research
Far East Inc., Fidelity International Investment Advisors and Fidelity
International Investment Advisors (U.K.) Limited. (page 14)
o VIP II Contrafund Portfolio of Variable Insurance Products Fund II is
subadvised by Fidelity Management & Research (U.K.) Inc. and Fidelity
Management & Research Far East Inc. (page 15)
o VIP III Growth & Income Portfolio of Variable Insurance Products Fund III
is subadvised by Fidelity Management & Research (U.K.) Inc. and Fidelity
Management & Research Far East Inc. (page 15)
o VIP III Growth Opportunities Portfolio of Variable Insurance Products Fund
III is subadvised by Fidelity Management & Research (U.K.) Inc. and
Fidelity Management & Research Far East Inc. (page 16)
o VIP II Asset Manager Portfolio of Variable Insurance Products Fund II is
subadvised by Fidelity Management & Research (U.K.) Inc. and Fidelity
Management & Research Far East Inc. (page 17)
o Under Global Bonds, add the following paragraph following the investment
objective for GE Investments Funds Global Income Fund.
The Global Income Fund is not "diversified" as defined by the
Investment Company Act of 1940. Therefore, the Fund may invest a
greater percentage of its assets in a particular issuer than the other
Funds making it more susceptible to adverse developments affecting a
single issuer. Nonetheless, the Fund is subject to diversification
requirements arising under the federal tax laws and a limitation on
concentration of investments in a single industry. (page 17)
o The Salomon Brothers Variable Series Funds Strategic Bond Fund should be
placed in the Global Bonds category wherever categories are reflected in
the prospectus. (page 18; see also pages 7, 9, 10)
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TRANSFERS - Dollar-Cost Averaging
o Add the following to the end of the second paragraph:
The dollar-cost averaging program will begin 30 days after we receive
your money, unless you specify an earlier date. (page 26)
THE DEATH BENEFIT - Death of an Owner or Joint Owner Before the Maturity Date
o In the Distribution Rules section, add the following at the end of the
paragraph regarding Spouses:
The Account Value on the date we receive due proof of death of the
Annuitant will be set equal to the Death Benefit on that date. Any
increase in the Account Value will be allocated to the Investment
Subdivisions using the premium allocation in effect at that time. Any
Death Benefit payable subsequently (at the death of the new Annuitant)
will be based on the new Annuitant's age on the Policy Date, rather
than the age of the previously deceased Annuitant. (page 29)
INCOME PAYMENTS
o Delete the first sentence in the first paragraph and replace with the
following:
The Maturity Date is shown in the Policy, unless changed after issue.
You may change the Maturity Date to any date on or after the tenth
Policy anniversary; however, we may specify a maximum Maturity Date. To
make a change, send written notice to our Home Office before the
Maturity Date then in effect. If you change the Maturity Date, the
Maturity Date will then mean the Maturity Date you selected. You may
pay premiums until the newly selected Maturity Date unless that right
has been terminated by the provisions of the Policy. (page 30)
REQUESTING PAYMENTS
o Delete the last sentence of the first paragraph and replace it with the
following:
We will determine the amount as of the end of the Valuation Period
during which our Home Office receives all such requirements. (page 38)
THIS SUPPLEMENT SHOULD BE RETAINED WITH YOUR PROSPECTUS FOR FUTURE
REFERENCE.
GE Life and Annuity Assurance Company
6610 West Broad Street
Richmond, Virginia 23230
