EXHIBIT 10.09.03



                              SECURITY-CONNECTICUT
                             LIFE INSURANCE COMPANY
SECURITY DRIVE                 A STOCK COMPANY      AVON, CONNECTICUT  06001
- --------------------------------------------------------------------------------

                   A PART OF SECURITY-CONNECTICUT CORPORATION

POLICY NUMBER         2257476B         POLICY DATE          FEBRUARY 6, 1997
INSURED     STUART W. EPPERSON         FACE AMOUNT                $5,000,000
AGE ISSUE              60 MALE         PREMIUM INTERVAL               ANNUAL
FIRST PREMIUM       $26,375.00         PREMIUM CLASS     PREFERRED NONSMOKER
ISSUE DATE    JANUARY 30, 1997         EXPIRY DATE          FEBRUARY 6, 2032

This is a legal contract between you and Security-Connecticut Life Insurance
Company.  This contract is called a Policy.  The word "you" means the Policy
Owner.  The application shows the name of the Policy Owner.  The word "we" means
the Security-Connecticut Life Insurance Company.  We promise to pay the Death
Benefit to the Beneficiary subject to the provisions of this Policy.  See
"Payments By Us," for description of the Death Benefit.  The Beneficiary is the
party that you name.  We will pay the Death Benefit when we receive proof of
death of the Insured.   The Policy Data page shows the name of the Insured.  Age
at any time is the Issue Age shown on the Policy Data page increased by the
number of policy years completed.  For information or service on this Policy,
contact the person who sold you this Policy, or any of our offices including our
Home Office.

                                   IMPORTANT

YOU HAVE PURCHASED A LIFE INSURANCE POLICY.  CAREFULLY REVIEW IT FOR
LIMITATIONS.

THIS POLICY MAY BE RETURNED WITHIN 30 DAYS FROM THE DATE YOU RECEIVED IT FOR A
FULL REFUND, BY RETURNING IT TO EITHER THE INSURANCE COMPANY OR THE AGENT WHO
SOLD YOU THIS POLICY.  AFTER 30 DAYS, CANCELLATION MAY RESULT IN A LOSS OF PAID
PREMIUM.

Signed at The Home Office in Avon, Connecticut.

     /PATRICIA A. DEVITA/           /RONALD D. JARVIS/

     Secretary                           President

               INCREASING PREMIUM TERM INSURANCE POLICY TO AGE 95
             WITH EXCHANGE OPTIONS AND PREMIUM ADJUSTMENT PROVISION
                                 NON DIVIDENDS

                                 POLICY SUMMARY

This is a Non-Participating Increasing Premium Term Insurance Policy to Age 95.
Premiums are payable to age 95, or until the Insured's death, whichever comes
first. We may charge a premium which is lower, but never higher, than the
premium specified in the Schedule of Maximum Premium by Year. Exchange Options
are available.

- --------------------------------------------------------------------------------