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SURVIVORSHIP VARIABLE UNIVERSAL LIFE INSURANCE POLICIES
INVESTING IN
NYLIAC VARIABLE UNIVERSAL LIFE SEPARATE ACCOUNT-I
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SUPPLEMENT DATED JULY 10, 1998 TO THE PROSPECTUS DATED MAY 6, 1998
Delete the section entitled "Changes in Life Insurance Benefit Option" under the
section entitled "New York" on page B-2 of Appendix B and replace with the
following:
Changing Your Life Insurance Benefit Option - You may make only one change to
your Life Insurance Benefit Option each Policy Year. If your Policy is issued
with the Supplementary Term Rider, you may change your Life Insurance Benefit to
Option 2 if the rider ends or is terminated. However, you must meet the
requirements described on page 13 for selecting this option.
The following sentence should be added to the section entitled "New York" on
page B-2 of Appendix B:
* Maximum Transfer from the Fixed Account - The maximum amount you may transfer
from the Fixed Account to the Investment Divisions during any Policy Year is
25% of the amount in the Fixed Account at the beginning of the Policy Year.
Delete references to the heading "Changes in Life Insurance Benefit Option" on
pages B-2 through B-3 and replace with "Changing Your Life Insurance Benefit
Option".
