SOUTHLAND SEPARATE ACCOUNT A1
497, 1998-11-09
Previous: ALLIANCE RESOURCES PLC, SC 13D, 1998-11-09
Next: PREMISYS COMMUNICATIONS INC, 10-Q, 1998-11-09



<PAGE>
 
                     SUPPLEMENT DATED NOVEMBER 9, 1998, TO
                       THE PROSPECTUS DATED MAY 1, 1998
                      FUTURE DIMENSIONS VARIABLE ANNUITY
                    A FLEXIBLE PREMIUM DEFERRED COMBINATION
                      FIXED AND VARIABLE ANNUITY CONTRACT
                                  Issued by:
                       SOUTHLAND LIFE INSURANCE COMPANY
                                      and
                         SOUTHLAND SEPARATE ACCOUNT A1

THIS SUPPLEMENT UPDATES CERTAIN INFORMATION THAT APPEARS ON THE PROSPECTUS PAGES
 NOTED BELOW.  YOU SHOULD READ THE SUPPLEMENT CAREFULLY AND KEEP IT WITH YOUR 
                       PROSPECTUS FOR FUTURE REFERENCE.

The address of the Customer Service Center appearing on the cover page, page 1 
and page 35 is changed to the following:

        Southland Customer Service Center       for overnight delivery
        PO Box 11520 Church Street Station      ----------------------
        New York, NY 10286-1520                 230 Park Avenue, Suite 966
                                                New York, NY 10169

                       * * * * * * * * * * * * * * * * *

The references to the "Withdrawal Transaction Charge" appearing on pages 4, 10, 
18, 19, 22 and 29 are modified by the following:

        We have eliminated the Withdrawal Transaction Charge.

                       * * * * * * * * * * * * * * * * *

The reference to the number of Subaccounts to which you may allocate Purchase 
Payments appearing on page 17 under "Crediting and Allocation of Purchase 
Payments" is modified by the following:

        You may allocate Purchase Payments among any or all Subaccounts 
available.

                       * * * * * * * * * * * * * * * * *

The reference to the number of Subaccounts to which you may make transfers under
Dollar Cost Averaging appearing on page 21 under "Dollar Cost Averaging 
Facility" is modified by the following:

        You may elect to make transfers from the VIP Money Market Subaccount to 
any or all Subaccounts available.

                       * * * * * * * * * * * * * * * * *
<PAGE>
 
The references to how you can terminate Dollar Cost Averaging appearing on page 
17 under "Dollar Cost Averaging Facility" are modified by the following:

        You may specify a date for Dollar Cost Averaging to terminate. You may
        not specify a dollar amount for the VIP Money Market Accumulation Value
        at which Dollar Cost Averaging would terminate.

                        * * * * * * * * * * * * * * * 

The references to the election of Automatic Rebalancing appearing on pages 21 
and 22 under "Automatic Rebalancing" are modified by the following:

        We will begin automatic transfers under the program on the last
        Valuation Date of the applicable calendar period in which we receive
        your election to participate in the program. You may elect to have your
        allocations among the Subaccounts rebalanced on a quarterly, semi-
        annual, or annual calendar basis.

                        * * * * * * * * * * * * * * * 

The reference to allocation of the charge on excess transfers appearing on page 
30 under "Excess Transfer Charge" is modified by the following:

        The charge will be deducted from the Subaccounts and the Guaranteed
        Interest Account from which each additional transfer is made. The
        deduction will be in proportion to the amount being transferred from
        each such Subaccount and the Guaranteed Interest Account.

                        * * * * * * * * * * * * * * * 

The references to administrative services appearing on page 35 under "Customer 
Service Center" is modified by the following:

        Pursuant to an administrative services agreement, Golden American Life
        Insurance Company provides administrative services for Southland and
        operates the Customer Service Center.  Golden American Life Insurance
        Company is an affiliate of Southland.



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission