RETIREMENT RESERVES
SUPPLEMENT TO
THE PROSPECTUS
DATED APRIL 30, 1998
In the DEATH BENEFIT section on page 28 of the Retirement Reserves
prospectus, the phrase "70th birthday" is being replaced by "85th
birthday. The text of the DEATH BENEFIT section amended by this
supplement now reads as follows:
DEATH BENEFIT
If the death of the last surviving Annuitant occurs on or before his
or her 85th birthday, the Death Benefit will equal the greater of: (1)
the purchase payments paid, less any partial withdrawals and charges
thereon; and (2) the Contract Value as of the end of the Valuation
Period in which proof of death is received at our Annuity Service
Center. If the death of the last surviving Annuitant occurs after his
or her 85th birthday, the Death Benefit will equal the Contract Value
as of the end of the Valuation Period in which proof of death is
received at our Annuity Service Center.
All other text in the DEATH BENEFIT section of the prospectus remains
unaffected by this supplement.
Regarding the ANNUITY DATE section on page 29 of the prospectus, you
may request that the company allow the ANNUITY DATE to be the first
day of the calendar month following the Annuitant's 90th birthday. The
ANNUITY DATE section, as amended, now reads as follows:
ANNUITY DATE
When your Contract is issued, it will generally provide for the
Annuity Date to be the first day of the calendar month following the
Annuitant's 85th birthday or, if later, the first day of the calendar
month following the Contract's fifth Contract Anniversary. When a
Contingent Annuitant becomes the Annuitant, Empire Fidelity
Investments Life will change the Annuity Date to the later of the
first day of the month immediately following the latest of the three
following dates: (a) the Annuitant's 85th birthday (b) the fifth
Contract Anniversary, and (c) the date the Contingent Annuitant
becomes the Annuitant. You may request that the company allow the
Annuity Date to be as late as the first day of the calendar month
following the Annuitant's 90th birthday. You may change the Annuity
Date by written notice to the Annuity Service Center at least 30 days
prior to the current Annuity Date. The Annuity Date must be the first
day of a month. For both Qualified and Non-qualified Contracts, the
earliest permissible Annuity Date is the first day of the calendar
month following the expiration of the free look period.
