<ARTICLE> 7
<LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
STATEMENTS OF FINANCIAL POSITION AT DECEMBER 31, 1996; STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 1996; STATEMENTS OF SHAREHOLDER'S EQUITY FOR THE
YEAR ENDED DECEMBER 31, 1996; AND STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED
DECEMBER 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               DEC-31-1996
<DEBT-HELD-FOR-SALE>                         1,500,783
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                           0
<MORTGAGE>                                      84,657
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                               1,636,654
<CASH>                                           1,027
<RECOVER-REINSURE>                               2,566
<DEFERRED-ACQUISITION>                          61,559
<TOTAL-ASSETS>                               1,990,284
<POLICY-LOSSES>                                      0
<UNEARNED-PREMIUMS>                                  0
<POLICY-OTHER>                                 911,457
<POLICY-HOLDER-FUNDS>                          572,480
<NOTES-PAYABLE>                                      0
<COMMON>                                         2,000    
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                     231,067
<TOTAL-LIABILITY-AND-EQUITY>                 1,990,284
<PREMIUMS>                                      91,825
<INVESTMENT-INCOME>                            112,862
<INVESTMENT-GAINS>                             (1,581)
<OTHER-INCOME>                                  25,281
<BENEFITS>                                     172,772
<UNDERWRITING-AMORTIZATION>                      6,512
<UNDERWRITING-OTHER>                            16,874
<INCOME-PRETAX>                                 32,229
<INCOME-TAX>                                    11,668
<INCOME-CONTINUING>                             20,561
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    20,561
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0