MERRILL LYNCH LIFE INSURANCE COMPANY
MERRILL LYNCH LIFE VARIABLE ANNUITY SEPARATE ACCOUNT C
ML LIFE INSURANCE COMPANY OF NEW YORK
ML OF NEW YORK VARIABLE ANNUITY SEPARATE ACCOUNT C
SUPPLEMENT DATED AUGUST 6, 2007
TO THE
PROSPECTUSES DATED MAY 1, 2007
FOR
MERRILL LYNCH CONSULTS ANNUITY(SM)
This supplement updates the Prospectuses for the Merrill Lynch Consults
Annuity(SM) (the "Consults Annuity") issued by Merrill Lynch Life Insurance
Company or ML Life Insurance Company of New York. Please retain this supplement
with your Consults Annuity Prospectus for your reference.
Effective August 6, 2007, Roszel Advisors, LLC, the investment adviser for the
MLIG Variable Insurance Trust (the "MLIG Trust"), changed the name and
subadviser, and restated the investment objective of one of the portfolios
described in your Contract prospectus. Additionally, effective October 8, 2007,
Roszel Advisors, LLC, will further change the name of the same portfolio.
The Roszel/Kayne Anderson Rudnick Small-Mid Cap Value Portfolio of the MLIG
Trust is now subadvised by NFJ Investment Group, L.P., and has changed its name
to the Roszel/Allianz NFJ Small-Mid Cap Value Portfolio, and restated its
investment objective to "seek long-term growth of capital and income."
Accordingly, the name of the subaccount corresponding to this portfolio changed
from the Roszel/Kayne Anderson Rudnick Small-Mid Cap Value Subaccount to the
Roszel/Allianz NFJ Small-Mid Cap Value Subaccount.
Additionally, in order to reflect NFJ Investment Group, L.P.'s focus on mid cap
securities rather than small-mid cap securities, MLIG Trust's board further
approved changing the name from the Roszel/Allianz NFJ Small-Mid Cap Value
Portfolio to the Roszel/Allianz NFJ Mid Cap Value Portfolio, effective October
8, 2007. Accordingly, the name of the subaccount corresponding to the portfolio
will change from the Roszel/Allianz NFJ Small-Mid Cap Value Subaccount to the
Roszel/Allianz NFJ Mid Cap Value Subaccount, effective October 8, 2007.
Therefore, as of the date of this supplement, generally all references to the
Roszel/Kayne Anderson Rudnick Small-Mid Cap Value Portfolio or Subaccount and
Kayne Anderson Rudnick Investment Management, LLC in the prospectus and
statement of additional information, as supplemented, are references to the
Roszel/Allianz NFJ Small-Mid Cap Value Portfolio or Subaccount, and NFJ
Investment Group, L.P., respectively. Additionally, effective October 8, 2007,
generally all references to the Roszel/Allianz NFJ Small-Mid Cap Value Portfolio
or Subaccount in the prospectus and statement of additional information, as
supplemented, will be references to the Roszel/Allianz NFJ Mid Cap Value
Portfolio or Subaccount. The stated asset class/investment style of the
portfolio will remain unchanged until October 8, 2007.
101884-0807
Effective October 8, 2007, the entry for the portfolio in the chart under the
section "The Funds" in your prospectus should be replaced in its entirety with
the following:
MLIG Variable Investment Asset Class/
Insurance Trust Investment Objective Adviser(s) Subadviser Investment Style
--------------- ------------------------- ---------- ----------- ----------------
Roszel/Allianz Seeks long-term growth of Roszel NFJ Domestic
NFJ Mid Cap capital and income Advisors Investment Equity/Mid Cap
Value Portfolio Group, L.P. Value
* * *
If you have any questions, please contact your Financial Advisor, or call the
Service Center at (800) 535-5549 (for Consults Annuities issued by Merrill Lynch
Life Insurance Company) or (800) 333-6524 (for Consults Annuities issued by ML
Life Insurance Company of New York), or write the Service Center at P.O. Box
44222, Jacksonville, Florida 32231-4222.