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SENTINEL BENEFIT PROVIDER
A VARIABLE UNIVERSAL LIFE INSURANCE POLICY
INTENDED PRIMARILY FOR THE CORPORATE MARKET
Supplement dated February 2, 2000 to Prospectus dated May 5, 1999
Effective February 2, 2000, National Life Insurance Company has reduced
the current annual rates of the Mortality and Expense Risk Charge that applies
to the Policy. The reduced current annual rates of the Mortality and Expense
Risk Charge are as follows:
For Policy Years 1 - 7: 0.22% of Account Value in the Separate Account;
For Policy Years 8 -10: 0.12% of Account Value in the Separate Account;
For Policy Years 11-20: 0.02% of Account Value in the Separate Account;
and
For Policy Year 21 and thereafter: 0.00% of Account Value in the
Separate Account.
The guaranteed maximum annual rate of the Mortality and Expense Risk
Charge is not being changed, and continues to be 0.60% of Account Value in the
Separate Account in all Policy Years.
As a result of this change, the illustrations of Death Benefits,
Account Values and Net Cash Surrender Values contained on pages A-2 to A-10,
which illustrate current charges, somewhat understate Account Values and Net
Cash Surrender Values, and may understate Death Benefits in some cases. The
illustrations showing guaranteed charges are not affected.
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