LIFE SERIES FUND - First Investors

Separate Account C or in any other legallysegregated separate accounts We own. Theassets of the General Account support Ourinsurance obligations and are subject togeneral liabilities from Our businessoperations and to claims by Our generalcreditors. The assets of the General Accountcan be invested as We choose, subject tocertain legal requirements. We guaranteethat any assets You choose to allocate to theFixed Account will earn interest at theannual Minimum Guaranteed Interest Rate(currently 1.00% for contracts issued since2013). This rate is subject toredetermination annually as describedbelow.On each Contract Anniversary, the FixedAccount Minimum Guaranteed Interest Rateis redetermined as (a) – (b) where (a) isthe average of the daily five-year ConstantMaturity Treasury rates for the month ofOctober in the calendar year prior to theContract Anniversary (rounded to thenearest 1/20 th of 1%) and (b) is 1.25%. Inno case, however, will the annual FixedAccount Minimum Guaranteed Interest Ratebe greater than 3.00% or less than 1.00%.We may, but are not required to, declareinterest in excess of the annual MinimumGuaranteed Interest Rate (“excessinterest”). If We declare excess interest, Weare not required to guarantee that it willremain in effect for any specific period oftime. Therefore, We may reduce oreliminate such excess interest at any timewithout prior notice to You. However, anyexcess interest already credited to Youraccount is non-forfeitable.You do not share in any gains or losses thatWe experience in the Fixed Account or OurGeneral Account. We bear the entire riskthat the investments in Our General Accountmay not achieve the annual minimumguaranteed or declared rates of return.Amounts allocated to the Fixed Account,and any guarantees under Your Contractthat exceed Your Accumulation Value (suchas those that may be associated with thedeath benefit), are paid from the General9Account. Any such amounts that We areobligated to pay in excess of YourAccumulation Value are subject to Ourfinancial strength and claims-paying ability.The Fixed Account is not registered underthe Securities Act of 1933. Moreover,neither the Fixed Account nor the GeneralAccount is registered as an investmentcompany under the 1940 Act. The staff ofthe SEC has therefore not reviewed thedisclosures in this prospectus that relate tothe Fixed Account.The Life Series FundsThe Life Series Funds is an open-endmanagement investment companyregistered with the SEC under the 1940 Act.The Life Series Funds consists of 12separate Funds, all of which are available toContractowners. Each of the Fundscurrently offers its shares only through thepurchase of a Contract or another variablelife or variable annuity contract issued byFirst Investors Life or by other insurancecompanies. Each of the Funds reserves theright to offer its shares to other separateaccounts or directly to Us. Although someof the Funds have similar names, the sameportfolio manager and the same investmentobjectives as other publicly availablemutual funds, they are separate and distinctfrom these mutual funds. The Funds willhave different portfolio holdings and fees sotheir performances will vary from the othermutual funds.FIMCO, the investment adviser of the LifeSeries Funds, is a New York corporationlocated at 40 Wall Street, New York, NewYork 10005. FIMCO and the Life SeriesFunds have retained Smith AssetManagement Group, L.P., 100 CrescentCourt, Suite 1150, Dallas, TX 75201, toserve as the subadviser of the Select GrowthFund, Vontobel Asset Management, Inc.,1540 Broadway, New York, New York10036 to serve as the subadviser of theInternational Fund and Muzinich & Co.,Inc., 450 Park Avenue, New York, NewYork 10022 to serve as subadviser for theFund For Income Fund.