Prospectus by Investment Company - Form 497

For the Disability Waiver of Monthly Deductions Rider, the prospectus language has been revised as follows:

Total Disability of the Insured means an incapacity of the Insured which:

(a) results from bodily injury or disease; and

(b) (1) during the first 24 months of Total Disability, the insured is unable to perform the substantial and material duties of their job, due to sickness or bodily injury; and

(2) after the first 24 months of Total Disability, the insured, due to sickness or bodily injury, is unable to engage with reasonable continuity in any other job in which they could reasonably be expected to perform satisfactorily in light of their age, education, training, experience, station in life, or physical and mental capacity.

For the Disability Waiver of Monthly Deductions Rider, the prospectus language has been revised as follows (the other items in this list remain unchanged):

Monthly Deductions will not be waived if the Total Disability of the Insured is caused or substantially contributed to by, or results from:

(g) condition or loss in consequence of the insured being intoxicated as defined by the jurisdiction where the condition or disability occurred;

For the Disability Completion Benefit Rider, the prospectus language has been revised as follows:

Total disability of the Insured means an incapacity of the Insured which:

(a) results from bodily injury or disease; and

(b) (1) during the first 24 months of total disability, the insured is unable to perform the substantial and material duties of their job due to sickness or bodily injury; and

(2) after 24 months renders one unable to engage with reasonable continuity in any occupation in which he could reasonably be expected to perform satisfactorily in light of his age, education, training, experience, station in life, physical and mental capacity.

For the Disability Completion Benefit Rider, the prospectus language has been revised as follows (the other items in this list remain unchanged):

Monthly Deductions will not be waived and Stipulated Premium will not be deposited if any of the following causes or substantially contributes to the total disability of the Insured:

(a) any attempt at suicide, or self-inflicted injury, while sane or insane;

(c) active participation in a riot or insurrection;

For the Chronic Illness Accelerated Benefit Rider, the prospectus language has been revised as follows:

Chronic Illness means that the insured has been certified by a licensed health care practitioner within the last 12 months as:

• Being unable to perform at least two activities of daily living (bathing, continence, dressing, eating, toileting, transferring) without substantial assistance from another person due to a loss of functional capacity for a period of at least 90 days (which need not be consecutive); or

• Requiring substantial supervision by another person for a period of at least 90 days (which need not be consecutive) to protect the insured from threats to health and safety due to severe cognitive impairment.

For the Chronic Illness Accelerated Benefit Rider, the prospectus language has been revised as follows:

For each lump sum benefit payment, or at the beginning of each 12 month period following the election date if benefit payments are scheduled in a series, PIA must receive written certification from a licensed health care practitioner, independent from us, who personally examined the insured, that the insured has a Chronic Illness. The licensed health care practitioner may be a licensed physician, registered professional nurse, licensed social worker, or other similar health care practitioner approved by the IRS and PIA. The licensed health care practitioner shall not be the insured, owner, beneficiary, or a relative thereof. PIA reserves the right to obtain at any time an additional opinion of the insured's condition from a licensed health care practitioner, independent from us, who personally examined the insured, at PIA's expense. You have the right to appeal the decision made by us regarding ABP eligibility.

For Incontestability, the SAI language has been revised as follows:

After a Policy has been in force during the insured's lifetime for two years from the date of issue, we may not contest the Policy. However, if there has been a Policy change or reinstatement for which we required evidence of insurability, we may contest that Policy change or reinstatement for two years with respect to information provided at that time, during the lifetime of the insured, from the effective date of the Policy change or reinstatement.

For the Chronic Illness Accelerated Benefit Rider, the contestable period does not restart on reinstatement.