<PAGE>
Filed Pursuant to Rule 424(b)(3)
Registration File No.: 33-88456
INCOME MANAGERS (SERVICE MARK)
SUPPLEMENT TO THE PROSPECTUS FOR
ASSURED GROWTH PLAN
AND
ASSURED PAYMENT PLAN (PERIOD CERTAIN)
DATED APRIL 17, 1995
ANNUITY CERTIFICATES
Issued By:
The Equitable Life Assurance Society of the United States
- -------------------------------------------------------------------------------
THE PROSPECTUS IS AMENDED AS FOLLOWS:
Under the subheading Income Annuity Options, Annuity Forms, the following
information is inserted after the last bullet point:
SPECIAL OFFER FLEXIBLE INCOME PROGRAM*
The Assured Payment Plan (Life Annuity with a Period Certain) is designed to
provide guaranteed level or increasing annual payments for your life or for
your life and the life of a joint Annuitant.
On applications for the Assured Growth Plan received by us from the date of
this supplement through December 31, 1995, with the Assured Payment Plan
elected as your Income Annuity Option, a Special Offer is available subject to
the following:
o You are the Owner and the Annuitant, and are between the ages of 59 1/2
and 78.
o All contributions are invested in the Guarantee Period with an Expiration
Date of February 15, 1998.
o The Annuity Commencement Date of your Assured Growth Plan Certificate is
set at February 15, 1998.
* May not be available in all states
If you comply with the above requirements, you may elect one of the following
on or before December 31, 1997:
o You may request acceleration of the Annuity Commencement Date under your
Assured Growth Plan Certificate to a date prior to February 15, 1998, and
the greater of the Annuity Account Value and the Guaranteed Period Amount
will be applied to the Assured Payment Plan. Because no negative market
value adjustment will apply, you will be able to take advantage of any
increase in Guaranteed Rates offered under the Assured Payment Plan during
this period. The withdrawal charge applied under the Assured Payment Plan
will be based on the original issue date of your Assured Growth Plan
Certificate.
o You may transfer to a Guarantee Period with an Expiration Date of February
15, 2002 or later. The amount transferred will be the greater of the
Annuity Account Value and the Guaranteed Period Amount.
Any other transfer will terminate this Special Offer and regular Assured Growth
Plan provisions will apply.
- -------------------------------------------------------------------------------
SUPPLEMENT DATED JULY 17, 1995
<PAGE>
If you have not elected to accelerate the Annuity Commencement Date or made a
transfer by December 31, 1997, we will send you a letter on that date outlining
the options available to you upon the February 15, 1998 Expiration Date of the
Guarantee Period. The options are as follows:
o You may confirm that the Assured Payment Plan applied for should be put
into effect. At this point you have the option of changing the form of
the Assured Payment Plan (i.e., single life or joint and survivor, date
payments are to start, length of period certain, etc.) you initially
elected. On February 15, 1998 the Maturity Value in the Guarantee Period
under the Assured Growth Plan will be applied to the Assured Payment Plan.
The first payment under the Assured Payment Plan will be February 15,
1999, unless otherwise elected.
o You may elect to have the Maturity Value on the Expiration Date applied to
certain other annuity forms that we offer at that time.
o You may elect to defer the Annuity Commencement Date under your Assured
Growth Plan Certificate. If you make such an election, you must specify
the Guarantee Period(s) to which the Maturity Value in the expired
Guarantee Period should be transferred; if not specified, the Maturity
Value will be transferred into the Guarantee Period with the earliest
Expiration Date.
In any event if we have not received notification of your election by February
14, 1998, the Maturity Value will be applied to the Assured Payment Plan based
on your initial election in the application.
If you take a Lump Sum Withdrawal prior to the time payments start under the
Assured Payment Plan or under any annuity payout option, such withdrawal will
be treated for tax purposes like any other withdrawal under the Assured Growth
Plan.
* * *
If you are the Owner and Annuitant of an Assured Growth Plan Certificate, you
may at any time, apply your Annuity Account Value to purchase the Assured
Payment Plan (Life Annuity with a Period Certain), provided you meet the issue
age and payment restrictions for an Assured Payment Plan. If the Annuity
Account Value is applied from an Assured Growth Plan Certificate to purchase
the Assured Payment Plan at a time when the dollar amount of the withdrawal
charge is greater than 2% of remaining contributions (after withdrawals), such
withdrawal charge will not be deducted. However, a new withdrawal charge
schedule will apply under the Assured Payment Plan. For purposes of the
Assured Payment Plan withdrawal charge schedule, the year in which your Annuity
Account Value is applied under the Assured Payment Plan will be "Contract Year
1." If the Annuity Account Value is applied from the Assured Growth Plan when
the dollar amount of the withdrawal charge is 2% or less, there will be no
withdrawal charge schedule under the Assured Payment Plan. You should consider
the timing of your purchase as it relates to the potential for withdrawal
charges under the Assured Payment Plan. No subsequent contributions will be
permitted under the Assured Payment Plan Certificate.
You may also apply your Annuity Account Value to purchase the Assured Payment
Plan (Period Certain) once withdrawal charges under the Assured Growth Plan are
no longer in effect. No withdrawal charges will apply under the Assured
Payment Plan Certificate.
The Assured Payment Plan (Life Annuity with a Period Certain) is described in
our Prospectus for Assured Growth Plan and Assured Payment Plan (Period
Certain), dated April 17, 1995, as supplemented with the Assured Payment Plan
(Life Annuity with a Period Certain) Supplement dated April 17, 1995 and a
Supplement dated July 17, 1995. Copies are available from your registered
representative.
<PAGE>
Filed Pursuant to Rule 424(b)(3)
Registration File No.: 3-88456
INCOME MANAGER (SERVICE MARK)
SUPPLEMENT TO THE PROSPECTUS FOR
ASSURED GROWTH PLAN
AND
ASSURED PAYMENT PLAN (PERIOD CERTAIN)
DATED APRIL 17, 1995
AS SUPPLEMENTED WITH THE ASSURED PAYMENT PLAN (LIFE ANNUITY WITH A PERIOD
CERTAIN) SUPPLEMENT DATED APRIL 17, 1995
ANNUITY CERTIFICATES
Issued By:
The Equitable Life Assurance Society of the United States
- ------------------------------------------------------------------------------
THE PROSPECTUS IS AMENDED AS FOLLOWS TO PROVIDE A SPECIAL OFFER:
In Part 3: Provisions of Assured Growth Plan and Assured Payment Plan in the
section headed ASSURED GROWTH PLAN, under the subheading INCOME ANNUITY
OPTIONS; Annuity Forms, the following information is inserted after the last
bullet point:
SPECIAL OFFER FLEXIBLE INCOME PROGRAM*
The Assured Payment Plan (Life Annuity with a Period Certain) is designed to
provide guaranteed level or increasing annual payments for your life or for
your life and the life of a joint Annuitant.
On applications for the Assured Growth Plan received by us from the date of
this supplement through December 31, 1995, with the Assured Payment Plan
elected as your Income Annuity Option, a Special Offer is available subject to
the following:
o You are the Owner and the Annuitant, and are between the ages of 59 1/2
and 78.
o All contributions are invested in the Guarantee Period with an Expiration
Date of February 15, 1998.
o The Annuity Commencement Date of your Assured Growth Plan Certificate is
set at February 15, 1998.
If you comply with the above requirements, you may elect one of the following
on or before December 31, 1997:
o You may request acceleration of the Annuity Commencement Date under your
Assured Growth Plan Certificate to a date prior to February 15, 1998, and
the greater of the Annuity Account Value and the Guaranteed Period Amount
will be applied to the Assured Payment Plan. Because no negative market
value adjustment will apply, you will be able to take advantage of any
increase in Guaranteed Rates offered under the Assured Payment Plan during
this period. The withdrawal charge applied under the Assured Payment Plan
will be based on the original issue date of your Assured Growth Plan
Certificate.
o You may transfer to a Guarantee Period with an Expiration Date of February
15, 2002 or later. The amount transferred will be the greater of the
Annuity Account Value and the Guaranteed Period Amount.
Any other transfer will terminate this Special Offer and regular Assured Growth
Plan provisions will apply.
* May not be available in all states
- -------------------------------------------------------------------------------
SUPPLEMENT DATED JULY 17, 1995
<PAGE>
If you have not elected to accelerate the Annuity Commencement Date or made a
transfer by December 31, 1997, we will send you a letter on that date outlining
the options available to you upon the February 15, 1998 Expiration Date of the
Guarantee Period. The options are as follows:
o You may confirm that the Assured Payment Plan applied for should be put
into effect. At this point you have the option of changing the form of
the Assured Payment Plan (i.e., single life or joint and survivor, date
payments are to start, length of period certain, etc.) you initially
elected. On February 15, 1998 the Maturity Value in the Guarantee Period
under the Assured Growth Plan will be applied to the Assured Payment Plan.
The first payment under the Assured Payment Plan will be February 15,
1999, unless otherwise elected.
o You may elect to have the Maturity Value on the Expiration Date applied to
certain other annuity forms that we offer at that time.
o You may elect to defer the Annuity Commencement Date under your Assured
Growth Plan Certificate. If you make such an election, you must specify
the Guarantee Period(s) to which the Maturity Value in the expired
Guarantee Period should be transferred; if not specified, the Maturity
Value will be transferred into the Guarantee Period with the earliest
Expiration Date.
In any event if we have not received notification of your election by February
14, 1998, the Maturity Value will be applied to the Assured Payment Plan based
on your initial election in the application.
If you take a Lump Sum Withdrawal prior to the time payments start under the
Assured Payment Plan or under any annuity payout option, such withdrawal will
be treated for tax purposes like any other withdrawal under the Assured Growth
Plan.
* * *
PROVISIONS OF THE ASSURED PAYMENT PLAN (LIFE ANNUITY WITH A PERIOD CERTAIN)
SUPPLEMENT ARE AMENDED AS FOLLOWS:
Under the heading ASSURED PAYMENT PLAN (LIFE ANNUITY WITH A PERIOD CERTAIN) the
following is inserted after the first sentence in the first paragraph:
However, if you elect level payments (described under Period
Certain Payments), you may elect to defer the date payments will start until
February 15, 1997, 1998, 1999, 2000 or 2001.* If you elect increasing payments
(also described under Period Certain Payments), the payment start date may only
be deferred until February 15, 1999.*
* Ability to defer the payment start date may not be available in all
states.
In the same paragraph in the second sentence delete the information in the
first set of parentheses, and insert the following at the end of the paragraph:
The Assured Payment Plan is available at issue ages 59 1/2
through 83. It is also available at issue ages as young as 54 1/2 provided
payments do not start before you attain age 59 1/2.
The following subsection is inserted after the second paragraph of the above
section:
CONTRIBUTIONS
Your initial contribution must be at least $10,000. You may
make subsequent contributions of at least $1,000 at any time up until 45 days
before the Annuity Commencement Date. However, if your Assured Payment Plan
resulted from an election under the Income Annuity Options, no subsequent
contributions are permitted.
<PAGE>
Under the subheading ALLOCATION OF CONTRIBUTION, insert the word "initial" in
front of the word "contribution" in the first and third lines of the paragraph.
Insert the following sentence at the end of the paragraph:
Any subsequent contributions will also be allocated by us to
the Guarantee Periods and the Life Contingent Annuity.
Under the subheading PERIOD CERTAIN delete the third and fourth sentences.
Under the heading PURCHASE RESTRICTIONS, replace both paragraphs with the
following paragraphs:
For issue ages up to and including age 70 the maximum period
certain is 15 years; for issue ages 71 through 75 the maximum period certain is
85 less the issue age; for issue ages 76 through 80, the maximum period certain
is 10 years; for issue ages 81 through 83, the maximum period certain is 90
less the issue age. The minimum and maximum period certain permitted will be
reduced by each year you defer the date your payments will start. The maximum
period certain permissible may also be limited in some states.
Under the Joint and Survivor forms: (i) for purposes of the
above limitations, we use the age of the younger Annuitant; (ii) neither you
nor the joint Annuitant can be over age 83; (iii) the Joint and 100% to
Survivor form is only available for the longest period certain permitted.
The following is inserted after the information under the heading LUMP SUM
WITHDRAWALS:
WITHDRAWAL CHARGE
A withdrawal charge will be imposed as a percentage of each
contribution for Lump Sum Withdrawals, or if the Certificate is surrendered to
receive the Cash Value. We determine the withdrawal charge separately for each
contribution in accordance with the table in the prospectus. The applicable
withdrawal charge is determined by the Contract Year in which the Lump Sum
Withdrawal is made or the Certificate is surrendered, beginning with "Contract
Year 1" with respect to each contribution withdrawn or surrendered. For
purposes of the table, for each contribution, the Contract Year in which we
receive that contribution is "Contract Year 1."
A Certificate Owner of the Assured Growth Plan or certain other
INCOME MANAGER Certificates that we offer may apply the Annuity Account Value
to purchase the Assured Payment Plan (Life Annuity with a Period Certain)
provided the issue age and payment restrictions for the Assured Payment Plan
are met. If the Annuity Account Value is applied from an Assured Growth Plan
or other Certificate to purchase the Assured Payment Plan at a time when the
dollar amount of the withdrawal charge is greater than 2% of remaining
contributions (after withdrawals), such withdrawal charge will not be deducted.
However, a new withdrawal charge schedule will apply under the Assured Payment
Plan. For purposes of the Assured Payment Plan withdrawal charge schedule, the
year in which your Annuity Account Value is applied under the Assured Payment
Plan will be "Contract Year 1." If the Annuity Account Value is applied from
the Assured Growth Plan or other Certificate when the dollar amount of the
withdrawal charge is 2% or less, there will be no withdrawal charge schedule
under the Assured Payment Plan. You should consider the timing of your
purchase as it relates to the potential for withdrawal charges under the
Assured Payment Plan. No subsequent contributions will be permitted under the
Assured Payment Plan Certificate.
<PAGE>
In Part 3: Provisions of the Assured Growth Plan and Assured Payment Plan under
the section on the ASSURED PAYMENT PLAN (PERIOD CERTAIN), under the subheading
WITHDRAWAL CHARGE, replace the sixth paragraph with the following:
A Certificate Owner of the Assured Growth Plan or certain other
INCOME MANAGER Certificates that we offer may apply the Annuity Account Value
to purchase the Assured Payment Plan (Period Certain) once withdrawal charges
are no longer in effect under the Assured Growth Plan or such other INCOME
MANAGER Certificates. No withdrawal charges will apply under the Assured
Payment Plan Certificate.
In Part 5: Tax Aspects of the Certificates under the heading TAXATION OF NON-
QUALIFIED ANNUITIES, replace the subheading "Withdrawals Under the Assured
Growth Plan" with the following:
Withdrawals Under the Assured Growth Plan and the Assured
Payment Plan
