SUPPLEMENT TO PROSPECTUS
COVA FINANCIAL LIFE INSURANCE COMPANY
COVA VARIABLE ANNUITY ACCOUNT FIVE
This supplement should be attached to your copy of the prospectus for the
variable annuity contracts issued by Cova Financial Life Insurance Company
("Cova Life") and Cova Variable Annuity Account Five ("Variable Account Five").
On December 31, 1998, the Securities and Exchange Commission issued an
order approving the substitution of shares of the Lord Abbett Growth and Income
Portfolio of Cova Series Trust for shares of the Growth and Income Portfolio of
Lord Abbett Series Fund, Inc. held by the Variable Account to fund certain
variable contracts issued by Cova Life.
If you wish, you may transfer without any charge your Contract value as
substituted into any other eligible sub-account. If you transfer within 30 days
from the date of the notice of substitution which you will receive shortly, the
transfer will not be subject to any charge on transfers described in the
Prospectus for the Contracts.
Should you have any questions, please feel free to call us at (800)
343-8496.
CC-4157 (12/98)
