-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, U4jn2IQtvfRRWaV7PukqWIt8X4uadTeWioskYTD69K3P15+DE+fVzRyE63mGmd4Z S0y4i0UgiXHnJqrboFIgPg== 0000881453-97-000147.txt : 19971222 0000881453-97-000147.hdr.sgml : 19971222 ACCESSION NUMBER: 0000881453-97-000147 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19971219 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN SKANDIA LIFE ASSURANCE CORP/CT CENTRAL INDEX KEY: 0000881453 STANDARD INDUSTRIAL CLASSIFICATION: INSURANCE CARRIERS, NEC [6399] IRS NUMBER: 061241288 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: SEC FILE NUMBER: 333-25761 FILM NUMBER: 97741695 BUSINESS ADDRESS: STREET 1: ONE CORPORATE DRIVE CITY: SHELTON STATE: CT ZIP: 06484 BUSINESS PHONE: 2039261888 MAIL ADDRESS: STREET 1: ONE CORPORATE DRIVE CITY: SHELTON STATE: CT ZIP: 06484 424B3 1 WELLS2 S2 SUPP 1/98 WFV2 (1/98) Supplement to Prospectus Dated May 1, 1997 Supplement dated January 2, 1998 A. Portfolio Expenses As of the date of this Supplement, the following information related to the portfolios of the Life & Annuity Trust in the table entitled "Underlying Mutual Fund Portfolio Annual Expenses (as a percentage of average net assets)" replaces the information provided in your Prospectus. Underlying Mutual Fund Portfolio Annual Expenses (as a percentage of average net assets) Unless otherwise indicated, the expenses shown below are the current expenses effective as of December 31, 1997. "N/A" indicates that no entity has agreed to reimburse the particular expense indicated. The expenses of the portfolios either are currently being partially reimbursed or may be partially reimbursed in the future. Management Fees, Other Expenses and Total Annual Expenses are provided on both a reimbursed and not reimbursed basis, if applicable. See the prospectuses or statements of additional information of the underlying mutual funds for details.
Total Total Annual Annual Management Management Other Other Expenses Expenses Fee Fee Expenses Expenses after any without any after any without any after any without any applicable applicable Portfolio: voluntary voluntary any applicable applicable waiver or waiver or waiver waiver reimbursement reimbursement reimbursement reimbursement - ---------------------------------------------------------------------------------------------------------------------------------- Life & Annuity Trust Asset Allocation N/A 0.60% 0.25% 0.26% 0.85% 0.86% U.S. Government Allocation N/A 0.60% 0.28% 0.37% 0.88% 0.97% Money Market N/A 0.45% 0.30% 0.60% 0.75% 1.05% Growth & Income N/A 0.60% N/A 0.40% 1.00% 1.00%
The above Management Fees and Other Expenses have been restated to reflect the current Management Fee waivers and reimbursement of Other Expenses. The following information replaces the information related to the Life & Annuity Trust portfolios in the table entitled "Expense Examples": Examples (amounts shown are rounded to the nearest dollar) If you surrender your Annuity at the end of the applicable time period, you would pay the following expenses on a $1,000 investment, assuming 5% annual return on assets:
Sub-accounts After: 1 yr. 3 yrs. 5 yrs. 10 yrs. WF Asset Allocation 93 131 162 260 WF U.S. Government Allocation 93 132 163 263 WF Growth and Income 95 136 169 275 WF Money Market 92 128 157 250
If you do not surrender your Annuity at the end of the applicable time period or begin taking annuity payments at such time, you would pay the following expenses on a $1,000 investment, assuming 5% annual return on assets:
Sub-accounts After: 1 yr. 3 yrs. 5 yrs. 10 yrs. WF Asset Allocation 23 71 122 260 WF U.S. Government Allocation 23 72 123 263 WF Growth and Income 25 76 129 275 WF Money Market 22 68 117 250
B. APPENDIX C - PRIOR CONTRACT The following information replaces the information related to the Life & Annuity Trust portfolios in the table entitled "Expense Examples" for SVA: Expense Examples The Expense Examples for SVA are as follows: Examples (amounts shown are rounded to the nearest dollar) If you surrender your contract at the end of the applicable time period, you would pay the following expenses on a $1,000 investment, assuming 5% annual return on assets:
Sub-accounts After: 1 yr. 3 yrs. 5 yrs. 10 yrs. WF Asset Allocation 94 133 165 267 WF U.S. Government Allocation 94 134 167 270 WF Growth and Income 95 137 172 280 WF Money Market 93 130 160 257
If you do not surrender your contract you would pay the following expenses on a $1,000 investment, assuming 5% annual return on assets:
Sub-accounts After: 1 yr. 3 yrs. 5 yrs. 10 yrs. WF Asset Allocation 24 73 125 267 WF U.S. Government Allocation 24 74 127 270 WF Growth and Income 25 77 132 280 WF Money Market 23 70 120 257
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