<PAGE> 1
SENTINEL ESTATE PROVIDER
Survivorship Variable Universal Life Insurance Policy
issued by
National Life Insurance Company
Supplement dated May 20, 1998 to Prospectus dated May 1, 1998
On May 8, 1998, the Board of Directors of National Life Insurance Company
("National Life") approved a Plan of Reorganization under which National Life
would convert from a mutual life insurance company to a stock life insurance
company, all of the outstanding stock of which would initially be indirectly
owned by a newly formed mutual insurance holding company, National Life Holding
Company. All policyholders of National Life, including Owners of the Policies,
would become voting members of National Life Holding Company. The contractual
rights of Owners of the Policies would not change if the Plan of Reorganization
is consummated. The Plan of Reorganization is subject to the approval of the
Vermont Commissioner of Banking, Insurance, Securities and Health Care
Administration, and to a favorable vote of the policyholders of National Life.
