The Tax Tamer ® I - First Investors

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of Our next Business Day. To meet Ourrequirements for processing transactions,We may require that You use Our forms.RESERVATION OF RIGHTSWe also reserve the right to make certainchanges to the Contract, Separate Account orFunds if We believe they would (a) best servethe interests of the Contractowners andannuity payee or (b) be appropriate incarrying out the purposes of the Contract.We will make a change only as the lawpermits. When required, We will (a) obtainthe necessary Contractowner or regulatoryapproval for any change and (b) notifyContractowners before making a change.For example, We may:• operate the Separate Account in anyform permitted by law;• add, delete, combine, or modifySubaccounts of the Separate Account;• add, delete, or substitute for the Fundshares held in any Subaccount, the shares ofany investment company or series thereof, orany investment permitted by law;• amend or obtain and continue anyexemptions under the Contract if required tocomply with the Code or any otherapplicable federal or state law; or• make any necessary technical changesin the Contract in order to conform with anyof the above actions.CONTRACT YEARS ANDANNIVERSARIESWe measure Contract years andanniversaries from the date the Contract isissued. Each Contract year will commenceon the anniversary of the issue date.STATE VARIATIONSWhere required by state law, there may bevariations in the Contract covered by aspecial form of the Contract for your State.As a result, your Contract may differ fromthis prospectus. Your actual Contract, withany endorsements, amendments and riders,is the controlling document. We have theright to change the Contract to meetapplicable state laws or regulations.New Contracts are not currently beingoffered for sale. Existing Contractowners maycontinue to make additional payments undertheir respective Contract.DISTRIBUTION OF THE CONTRACTWe sell the Contract solely throughindividuals who, in addition to beinglicensed as insurance agents, are registeredrepresentatives of FIC, which is one of Ouraffiliates. FIC is a registered broker-dealerunder the Securities Exchange Act of 1934,and a member of the Financial IndustryRegulatory Authority (“FINRA”). FIC’sexecutive offices are located at 40 WallStreet, New York, New York 10005. Wereserve the right to sell the Contractsdirectly.Representatives are paid up to 57.1% of thesales charge imposed on the sale of aContract. Representatives may receiveadditional amounts through compensationoverrides, expense allowances, bonuses andtraining allowances. Representatives mayalso qualify for non-cash compensation andawards based on productivity andpersistency factors. We intend to recoupcommissions and other sales expensesthrough fees and charges imposed under theContract. Commissions paid on the Contract,including other incentives or payments, arenot charged directly to the Contractownersor the Separate Account.REPORTSOur variable annuities are offered throughbroker-dealers that are registered with theSEC and are members of FINRA. At leasttwice each year, We will send a report to Youthat contains financial information about theFunds as required by applicable law. Inaddition, transaction confirmations are sentby Us on behalf of the broker-dealersthrough which variable annuity transactionsare processed and, at least once each year,24
We will send a statement that gives Youfinancial information about Your Contract.If several members of the same householdeach own a Contract, We may send only onesuch report or prospectus to that address,unless You instruct Us otherwise. You mayreceive additional copies by calling orwriting Us.FINANCIAL STATEMENTSThe Financial Statements of First InvestorsLife and for the Separate Account are in theSAI.25
Page 1: The Tax Tamer ® IAn Individual Var
Page 4 and 5: CONTENTSFEES AND EXPENSES .........
Page 6 and 7: Subaccount - A segregated investmen
Page 8 and 9: The next table shows the minimum an
Page 10 and 11: SubaccountAtAccumulationUnit Value(
Page 12 and 13: OVERVIEW OF THE CONTRACTThis overvi
Page 14 and 15: Accumulated Value (such as those th
Page 16 and 17: THE CONTRACT IN DETAILAPPLICATION A
Page 18 and 19: WHAT ARE THE RISKS TOCONTRACTOWNERS
Page 20 and 21: Annuity Payments are estimated to b
Page 22 and 23: Accumulation Units following receip
Page 24 and 25: Sales Charge Table for Separate Acc
Page 26 and 27: and thus loses the benefit of tax d
Page 28 and 29: esult of the earnings or realized c
Page 32 and 33: TABLE OF CONTENTS OF THE STATEMENT
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Page 37 and 38: TABLE OF CONTENTSTHE FUNDS SUMMARY
Page 39 and 40: THE FUNDS SUMMARY SECTIONCASH MANAG
Page 41 and 42: Performance: The following bar char
Page 43 and 44: Portfolio Turnover: The Fund paystr
Page 45 and 46: Investment Adviser: First Investors
Page 49 and 50: Average Annual Total Returns For Pe
Page 53 and 54: Total Annual Returns For Calendar Y
Page 57 and 58: INTERNATIONAL FUNDInvestment Object
Page 59 and 60: countries tend to be more unstable
Page 61 and 62: INVESTMENT GRADE FUNDInvestment Obj
Page 63 and 64: Liquidity Risk. High yield debt sec
Page 65 and 66: OPPORTUNITY FUNDInvestment Objectiv
Page 67 and 68: Total Annual Returns For Calendar Y
Page 71 and 72: Investment Adviser: First Investors
Page 75 and 76: TARGET MATURITY 2015 FUNDInvestment
Page 77 and 78: Security Selection Risk. Securities
Page 79 and 80: TOTAL RETURN FUNDInvestment Objecti
Page 81 and 82:
Credit Risk. This is the risk that
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Other Important InformationPurchase
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CASH MANAGEMENT FUNDWhat are the Ca
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EQUITY INCOME FUNDWhat are the Equi
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FUND FOR INCOMEWhat are the Fund Fo
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Liquidity Risk:High yield debt secu
Page 93 and 94:
The Statement of Additional Informa
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GROWTH & INCOME FUNDWhat are the Gr
Page 97 and 98:
INTERNATIONAL FUNDWhat are the Inte
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Mid-Size and Small-Size Company Ris
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and procedures with respect to disc
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OPPORTUNITY FUNDWhat are the Opport
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SELECT GROWTH FUNDWhat are the Sele
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SPECIAL SITUATIONS FUNDWhat are the
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TARGET MATURITY 2015 FUNDWhat are t
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TOTAL RETURN FUNDWhat are the Total
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example, securities issued by the F
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Mr. Miska is primarily responsible
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performance of the U.S. Treasury an
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Fund’s net asset value to be mate
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FIMCO expects all insurance compani
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FINANCIAL HIGHLIGHTSThe financial h
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TotalReturnRatios/Supplemental Data
Page 127 and 128:
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Page 131 and 132:
Page 133 and 134:
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Page 138:
LIFE SERIES FUNDSCash ManagementEqu
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