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Previous: CITADEL INVESTMENT MANAGEMENT L P, SC 13G, 1996-07-09 |
Next: CCF HOLDING CO, 8-K, 1996-07-09 |
SUPPLEMENT TO PROSPECTUS DATED APRIL 30, 1996
SEPARATE ACCOUNT ONE
INDIVIDUAL DEFERRED VARIABLE/FIXED ANNUITY CONTRACTS
ISSUED BY
NORTHERN LIFE INSURANCE COMPANY
This supplement replaces in its entirety page 6 of the Prospectus.
EXAMPLES
If a full withdrawal of the Contract Value is made at the end of the
applicable time period, the following expenses on a $1,000 investment, assuming
a 5% annual return on assets, would be paid:
<TABLE>
<CAPTION>
1 YEAR 3 YEARS 5 YEARS 10 YEARS
----------------- ----------------- ----------------- -----------------
TRANSFER FLEX TRANSFER FLEX TRANSFER FLEX TRANSFER FLEX
SERIES SERIES SERIES SERIES SERIES SERIES SERIES SERIES
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Northstar Income and Growth
Fund . . . . . . . . . . . . . $77 $97 $115 $138 $138 $172 $258 $258
Northstar Multi-Sector Bond Fund 77 97 115 138 138 172 258 258
Northstar Growth Fund . . . . . . . 77 97 115 138 138 172 258 258
VIPF Money Market Portfolio . . . . 72 92 101 125 114 149 209 209
VIPF Growth Portfolio . . . . . . . 76 96 112 136 133 167 248 248
VIPF Equity-Income Portfolio. . . . 75 99 109 133 128 163 238 238
VIPF Overseas Portfolio . . . . . . 78 98 118 142 144 177 269 269
VIPF II Asset Manager Portfolio . . 77 97 115 138 138 171 257 257
VIPF II Asset Manager:
Growth Portfolio . . . . . . . 79 99 121 144 148 181 278 278
VIPF II Index 500 Portfolio . . . . 72 92 99 124 111 146 203 203
VIPF II Contrafund Portfolio . . . 76 96 113 136 134 168 250 250
Alger American Small
Capitalization Portfolio . . . 78 98 119 142 144 177 270 270
Alger American Growth Portfolio . . 77 97 117 140 141 174 263 263
Alger American MidCap Growth
Portfolio . . . . . . . . . . . 78 96 118 141 143 176 268 268
Alger American Leveraged AllCap
Portfolio . . . . . . . . . . . 84 104 138 160 176 206 332 332
</TABLE>
If the Contract is annuitized at the end of the applicable time period or
if it is not surrendered, the following expenses on a $1,000 investment assuming
a 5% annual return would be paid:
<TABLE>
<CAPTION>
1 YEAR 3 YEARS 5 YEARS 10 YEARS
----------------- ----------------- ----------------- -----------------
TRANSFER FLEX TRANSFER FLEX TRANSFER FLEX TRANSFER FLEX
SERIES SERIES SERIES SERIES SERIES SERIES SERIES SERIES
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Northstar Income and Growth
Fund . . . . . . . . . . . . . $23 $23 $70 $70 $120 $120 $258 $258
Northstar Multi-Sector Bond Fund 23 23 70 70 120 120 258 258
Northstar Growth Fund . . . . . . . 23 23 70 70 120 120 258 258
VIPF Money Market Portfolio . . . . 18 18 56 56 96 96 209 209
VIPF Growth Portfolio . . . . . . . 22 22 67 67 115 115 248 248
VIPF Equity-Income Portfolio. . . . 21 21 64 64 110 110 238 238
VIPF Overseas Portfolio . . . . . . 24 24 73 73 126 126 269 269
VIPF II Asset Manager Portfolio . . 23 23 70 70 120 120 257 257
VIPF II Asset Manager:
Growth Portfolio . . . . . . . 25 25 76 76 130 130 278 278
VIPF II Index 500 Portfolio . . . . 18 18 54 54 93 93 203 203
VIPF II Contrafund Portfolio . . . 22 22 68 68 116 116 250 250
Alger American Small
Capitalization Portfolio . . . 24 24 74 74 126 126 270 270
Alger American Growth Portfolio . . 23 23 72 72 123 123 263 263
Alger American MidCap Growth
Portfolio . . . . . . . . . . . 24 24 73 73 125 125 268 268
Alger American Leveraged AllCap
Portfolio . . . . . . . . . . . 30 30 93 93 158 158 332 332
</TABLE>
a) The Withdrawal Charge for the Transfer Series Contracts applies to each
Purchase Payment. The Withdrawal Charge is 6% in the Contract Year a
Purchase Payment is received by the Company and the Contract Year
immediately following. It decreases to 0% beginning in the sixth Contract
Year after the Purchase Payment was received by the Company. For the Flex
Series Contracts, the Withdrawal Charge is based on Contract
6
Form No. 15500(S) 7-96 Supplement Dated July 9, 1996
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