SUPPLEMENT DATED MAY 1, 1999 TO
PROSPECTUS DATED MAY 1, 1999
IL ANNUITY AND INSURANCE CO. SEPARATE ACCOUNT I
VISIONARY VARIABLE ANNUITY
FOR RESIDENTS OF THE STATE OF TEXAS
We intend for you to use this supplement with the prospectus dated May
1, 1999. This supplement, together with the prospectus, constitutes a current
prospectus for the Visionary Variable Annuity.
The following information supplements the first paragraph of the section
on page 6 of the Prospectus entitled "WITHDRAWAL CHARGE":
For Texas Owners 58 years of age and older on the date we issue the
Contract, the maximum withdrawal charge is 7% of the amount you withdraw
during the first two contract years, decreasing to 6.5% during the third
contract year, and 6% during the fourth contract year. Thereafter, the
withdrawal charge declines by 1% in each subsequent contract year until
it is zero in contract year ten.
--------------------
The following chart replaces the chart on page 26 of the Prospectus in
the section entitled "CHARGE FOR PARTIAL OR FULL WITHDRAWAL":
<TABLE>
<CAPTION>
==============================================================================================
Age 57 or under Age 58 or older
--------------- ---------------
Charge as % of Charge as % of Charge as % of
Premium Premium Premium
Contract Payments Contract Payments Contract Payments
Year Withdrawn Year Withdrawn Year Withdrawn
<S> <C> <C> <C> <C> <C>
1-6 7% 1-2 7% 7 3%
7 6% 3 6.5% 8 2%
8 4% 4 6% 9 1%
9 2% 5 5% 10 0%
10 0% 6 4%
==============================================================================================
</TABLE>
<PAGE>
SUPPLEMENT DATED MAY 1, 1999 TO
PROSPECTUS DATED MAY 1, 1999
IL ANNUITY AND INSURANCE CO. SEPARATE ACCOUNT I
VISIONARY CHOICE VARIABLE ANNUITY
FOR RESIDENTS OF THE STATE OF TEXAS
We intend for you to use this supplement with the prospectus dated May
1, 1999. This supplement, together with the prospectus, constitutes a current
prospectus for the Visionary Choice Variable Annuity.
The following information supplements the third paragraph of the section
on pages 6 and 7 of the Prospectus entitled "WITHDRAWAL CHARGE":
For Texas Owners 58 years of age and older on the date we issue the
Contract who have chosen the DATE OF ISSUE WITHDRAWAL CHARGE OPTION, the
maximum withdrawal charge is 7% of the amount you withdraw during the
first two contract years, decreasing to 6.5% during the third contract
year, and 6% during the fourth contract year. Thereafter, the withdrawal
charge declines by 1% in each subsequent contract year until it is zero
in contract year ten.
----------------------
The following chart replaces the first chart on page 28 of the
Prospectus in the section entitled "WITHDRAWAL CHARGE OPTIONS":
<TABLE>
<CAPTION>
==============================================================================================
Age 57 or under Age 58 or older
--------------- ---------------
Charge as % of Charge as % of Charge as % of
Premium Premium Premium
Contract Payments Contract Payments Contract Payments
Year Withdrawn Year Withdrawn Year Withdrawn
<S> <C> <C> <C> <C> <C>
1-6 7% 1-2 7% 7 3%
7 6% 3 6.5% 8 2%
8 4% 4 6% 9 1%
9 2% 5 5% 10 0%
10 0% 6 4%
==============================================================================================
</TABLE>
<PAGE>
SUPPLEMENT DATED MAY 1, 1999 TO
PROSPECTUS DATED MAY 1, 1999
IL ANNUITY AND INSURANCE CO. SEPARATE ACCOUNT I
VISIONARY CHOICE VARIABLE ANNUITY
FOR RESIDENTS OF THE STATE OF MARYLAND
We intend for you to use this supplement with the prospectus dated May
1, 1999. This supplement, together with the prospectus, constitutes a current
prospectus for the Visionary Choice Variable Annuity.
The following information supplements the third paragraph of the section
on pages 6 and 7 of the Prospectus entitled "WITHDRAWAL CHARGE":
For Maryland Owners 58 years of age and older on the date we issue the
Contract who have chosen the DATE OF ISSUE WITHDRAWAL CHARGE OPTION, the
maximum withdrawal charge is 7% of the amount you withdraw during the
first two contract years, decreasing to 6.5% during the third contract
year, and 6% during the fourth contract year. Thereafter, the withdrawal
charge declines by 1% in each subsequent contract year until it is zero
in contract year ten.
----------------------
The following chart replaces the first chart on page 28 of the
Prospectus in the section entitled "WITHDRAWAL CHARGE OPTIONS":
<TABLE>
<CAPTION>
==============================================================================================
Age 57 or under Age 58 or older
--------------- ---------------
Charge as % of Charge as % of Charge as % of
Premium Premium Premium
Contract Payments Contract Payments Contract Payments
Year Withdrawn Year Withdrawn Year Withdrawn
<S> <C> <C> <C> <C> <C>
1-6 7% 1-2 7% 7 3%
7 6% 3 6.5% 8 2%
8 4% 4 6% 9 1%
9 2% 5 5% 10 0%
10 0% 6 4%
==============================================================================================
</TABLE>
