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SUPPLEMENT TO PROSPECTUS FOR FNAL VARIABLE ACCOUNT DATED MAY 1, 1996
Asset Rebalancing Program
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The Asset Rebalancing Program is amended to reflect that for
rebalancing programs begun on or after October 1, 1996 asset rebalancing will
only be permitted on the following time schedules:
(i) quarterly on the 25th day of the last month of the quarter (or the next
business day if the 25th is not a business day);
(ii) semi-annually on June 25th or December 26th (or the next business day if
these dates are not business days); or
(iii) annually on December 26th (or the next business day if December 26th is
not a business day).
Rebalancing will continue to take place on the last business day of every
calendar quarter for rebalancing programs begun prior to October 1, 1996.
Annuity Provisions
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General
Effective October 1, 1996, the maximum maturity date is the first day
of the month following the 90th birthday of the annuitant.
Death Benefit Before Maturity Date
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The following provision is added to this section:
If the annuitant dies after the first of the month following his or her
85th birthday, the minimum death benefit is the greater of: (a) the contract
value on the date due proof of death and all required claim forms are received
at the Company's Annuity Service Office, or (b) the excess of the sum of all
purchase payments less the sum of any amounts deducted in connection with
partial withdrawals.
SUPPLEMENT DATED OCTOBER 16, 1996
