SUPPLEMENT TO THE PROSPECTUS DATED JULY 23, 1998
OF LINCOLN BENEFIT LIFE COMPANY
VARIABLE LIFE ACCOUNT
Lincoln Benefit Life Company ("Company") has contracted with Allstate Life
Financial Services, a wholly owned subsidiary of Allstate Life Insurance Company
and affiliate of the Company, to serve as distributor of the Consultant I
variable annuity contracts, effective November 25, 1998. Prior to this time
Lincoln Benefit Financial Services, a wholly owned subsidiary of the Company,
served as the distributor. In accordance with this change, the following
revision is made to the Prospectus.
On page 44, under the heading of DISTRIBUTION OF CONTRACTS, the language is
deleted in entirety and the following is substituted in its place:
DISTRIBUTION OF CONTRACTS
Contracts are sold by registered representatives of broker-dealers who are our
licensed insurance agents, either individually or through an incorporated
insurance agency. Commissions paid to broker-dealers may vary, but in he
aggregate are not anticipated to exceed 6% of all Purchase Payments (on a
present value basis). From time to time, additional sales incentives (up to 1%
of Purchase Payments) may be provided to broker-dealers maintaining certain
sales volume levels.
Allstate Life Financial Services ("ALFS") located at 3100 Sanders Road,
Northbrook, IL 60062-7154 serves as distributor of the Contracts. ALFS, an
affiliate of the Company, is a wholly owned subsidiary of Allstate Life
Insurance Company. It is registered as a broker-dealer under the Securities and
Exchange Act of 1934, as amended, and is a member of the National Association of
Securities Dealers, Inc.
Sale of the Contracts did not commence until the second half of 1998.
Consequently, no commissions were paid to any distributor or principal
underwriter of the Contracts for any period prior to 1998.
On page 2 of the Prospectus, the following information is generally added:
Each of the Subaccounts and Fixed Account may not be available in all states.
You should check with your representative or call us for further information on
the availability of these accounts.
Please attach this page to your Prospectus and retain it for future reference.
If you have any questions regarding this information, please call us at
1-800-865-5237, or 1-877-525-5727.
Form # LBL-2494
