FLEXIBLE PREMIUM VARIABLE
LIFE INSURANCE CONTRACT
ISSUED BY
LUTHERAN BROTHERHOOD
Supplement to Prospectus Dated May 1, 1999
Lutheran Brotherhood ("LB") has filed the Contract for approval with the
state insurance department of New York. There are certain differences
between the Contract described in the general form of Prospectus and a
Contract issued in the state of New York (a "New York Contract"). They are
as follows:
1. The Maturity Date shown in a New York Contract will be the Contract
Anniversary on or next following the Insured's 100th birthday. If the
Insured is living on the Maturity Date, LB will pay the Cash Surrender
Value on the Maturity Date, and the New York Contract will be
terminated. Death Proceeds will be paid to the beneficiary upon
receiving proof that the death of the Insured occurred before the
Maturity Date.
All references in the general form of Prospectus to Death Proceeds
payable on or after age 100 are not applicable to a New York Contract.
This includes, but is not limited to, Death Benefits and Payment of
Contract Benefits.
Certain contract provisions described in the general form of Prospectus
will terminate with the New York Contract on the Maturity Date. This
includes, but is not limited to: the grace period and reinstatement,
decreases in face amount, full and partial surrenders, and repayment of
debt.
In the description found in the general form of Prospectus relating to
the Payment of Contract Benefits, the settlement option choices
described for death proceeds and surrenders are also available on
maturity for a New York Contract.
The general provision in the general form of Prospectus relating to the
Postponement of Payments also applies to maturity proceeds for New York
Contract.
2. The Death Benefit Guarantee is a feature of the Contract guaranteeing
that the Contract will not lapse if certain conditions are met. For a
New York Contract, the amount of time of the Death Benefit Guarantee is
shorter. Therefore, all references in the Prospectus stating "that if
sufficient premium payments have been made, the Death Benefit Guarantee
will apply until the specified Attained Age of the Insured shown in the
Contract, which Attained Age will be the later of (a) the Insured's
Attained Age 71 and (b) the Attained Age of the Insured at the end of a
period ranging from 8 to 34 years (varying with the Insured's Attained
Age at issue) from the Date of Issue" are amended to read as follows for
a New York Contract:
that if sufficient premium payments have been made, the Death
Benefit Guarantee will apply until the specified Attained Age
of the Insured shown in the New York Contract, which Attained
Age will be the later of (a) the Insured's Attained Age 66 and
(b) the Attained Age of the Insured at the end of a period
ranging from3 to 29 years (varying with the Insured's Attained
Age at issue) from the Date of Issue.
3. All references in footnote * appearing on pages Appendix B-3 through B-8
of the general form of Prospectus, are changed to read as follows for a
New York Contract:
Based on (1) and (2) above, the Death Benefit Guarantee is in
effect until Attained Age 66.
4. For a New York Contract, the references to the Guaranteed Costs for Age
70 and for both Guaranteed and Current Costs for Age 75 as they appear
on pages Appendix B-3 and B-4 in the general form of Prospectus are
amended to state that the Contract has lapsed. In addition, the Death
Benefit is now 0, instead of $100,000.
5. All references to Misstatement of Age or Gender in the general form of
Prospectus are amended to read as follows for a New York Contract:
If the Insured's age or gender has been misstated, any Death
Proceeds payable will be adjusted based on the most recent Cost
of Insurance deduction and the correct age and sex.
6. All references relating to the availability of the Accelerated Benefits
Rider in the general form of Prospectus are amended to read as follows
for a New York Contract:
The benefits paid under the Accelerated Benefits Rider are
available when LB has received Written Notice request and proof
satisfactory (a certification by a doctor) that the Insured has
a life expectancy of 12 months or less.
7. All references to the Free Look Privileges in the general form of
Prospectus, are amended to read as follows for a New York Contract:
New York requires a minimum refund equal to gross premiums paid
on a New York Contract and will not reflect the investment
experience of the Variable Account.
8. The provision in the general form of Prospectus relating to Reservation
of Certain Rights is not applicable.
9. All references in the general form of Prospectus relating to Monthly
Anniversaries prior to the Contract Date are not applicable.
10. All references in the general form of Prospectus relating to the
effective date of a face amount increase is amended to read as follows
for a New York Contract:
The effective date of the increase will be the Monthly
Anniversary on or next following the date we approve your
application for the increase.
11. All references in the general form of Prospectus relating to the grace
period are amended to include the following for a New York Contract:
If the Contract enters the grace period, any Accumulated Value
in the Subaccount(s) will be transferred to the General Account
and will be credited with interest at an effective annual rate
of 4.5% from the commencement of the grace period to the date
we receive the required payment.
For Use in the State of New York Only
May 19, 1999
