Supplement dated December 15, 1999
to Prospectus dated May 1, 1999
for
ENSEMBLE II VARIABLE UNIVERSAL LIFE INSURANCE
Issued by
JPF SEPARATE ACCOUNT B
of
JEFFERSON PILOT LIFEAMERICA INSURANCE COMPANY
This supplement updates certain information contained in the prospectus and, to
the extent inconsistent, it supersedes it. Retain it with the prospectus for
future reference. You may obtain an additional copy of the prospectus, free of
charge, by writing or calling Jefferson Pilot LifeAmerica Insurance Company ("JP
LifeAmerica") at the address or telephone number set forth below.
The purpose of this supplement is to notify you of a proposal to substitute
shares of the S&P 500 Index Portfolio of Jefferson Pilot Variable Fund, Inc.
("JPVF") for shares of the Fidelity Variable Insurance Products Fund II
("Fidelity VIP II") Index 500 Portfolio (the "Substitution"). On December 15,
1999, JP LifeAmerica filed an application with the Securities and Exchange
Commission (the "Commission") requesting an order approving the Substitution.
Upon obtaining the order from the Commission approving the Substitution, and
subject to any prior approval by applicable insurance authorities, JP
LifeAmerica and JPF Separate Account B propose to effect the Substitution as
soon as is practicable.
JP LifeAmerica has proposed the substitution of the JPVF S&P 500 Index Portfolio
for the Fidelity VIP II Index 500 Portfolio to allow JP LifeAmerica to maintain
a greater proprietary identity between its variable products and the Index 500
investment option, to give JP LifeAmerica greater control with respect to
administrative and compliance issues and to afford JPVF's investment advisor,
Jefferson Pilot Investment Advisory Corporation, the ability to make sub-adviser
changes when necessary or appropriate.
Policyowners will receive a notice within five days after the substitution that
the substitution has taken place. For a thirty-one day period following the
mailing of the notice, policyowners may transfer all assets, as substituted, to
any other available Division of JPF Separate Account B without limitation or
charge and without any such transfer counting as one of the limited number of
transfers permitted in a contract year free of charge. After such thirty-one day
period, any transfers will be subject to the restrictions described in the
prospectus.
Jefferson Pilot LifeAmerica Insurance Company
Service Center
One Granite Place
Concord, New Hampshire 03301
(800) 258-3648 x7719
