Incentive Life (SM)
Survivorship Incentive Life (SM)
Flexible premium variable life
insurance policies
PROSPECTUS SUPPLEMENT DATED DECEMBER 10, 1999
TO PROSPECTUS DATED OCTOBER 18, 1999
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THIS SUPPLEMENT IS APPLICABLE TO NEW YORK POLICIES ONLY.
This supplement modifies certain information contained in the Prospectus you
received for your Equitable variable life insurance policy listed above. You
should keep this supplement with your prospectus. We will send you another copy
of the prospectus, without charge, on written request.
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The following replaces the information about our address and phone numbers in
your prospectus under "How to reach us":
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HOW TO REACH US
To obtain (1) any forms you need for communicating with us, (2) unit values and
other values under your policy, and (3) any other information or materials that
we provide in connection with your policy or the Portfolios, you can contact us
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BY MAIL:
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at the Post Office Box for our Administrative Office:
Equitable Life Client Services
Radio City Station
P.O. Box 808
New York, New York 10101-0808
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BY EXPRESS DELIVERY:
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at the Street Address for our Administrative Office:
Equitable Life Client Services
135 W. 50th St., 10th Floor
New York, New York 10020
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BY TOLL-FREE PHONE:
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1-888-228-6690
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BY E-MAIL:
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[email protected]
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BY FAX:
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1-212-641-7075
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BY INTERNET:
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Our Web site (www.equitable.com) can also provide you information.
The rest of the information under "How to reach us" remains unchanged, except
that, in addition to the forms listed there, we have a special form that you
must use if you want to request our asset rebalancing service.
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The following replaces the phone numbers in your prospectus under "Transferring
your money among our investment options--Telephone transfers" and "More
information about other matters--Telephone requests":
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TELEPHONE TRANSFERS
The phone number that is available if you are both the policy's insured person
and its owner is 1-888-228-6690 (toll free) from a touch tone phone.
All the other information in these sections of the prospectus remains unchanged.
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The following replaces the information in your prospectus under "More
information about other matters--How we market the policies":
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HOW WE MARKET THE POLICIES
We offer variable life insurance policies (including Incentive Life) and
variable annuity contracts through Equitable Distributors Inc. ("EDI"). The
Investment Company Act of 1940, therefore, classifies EDI as a "principal
underwriter" of those policies and contracts. EDI also serves as a principal
underwriter of EQ Advisors Trust. EDI is a wholly-owned subsidiary of Equitable
Life, with its address at 1290 Avenue of the Americas, New York, NY 10104. EDI
is registered with the Securities and Exchange Commission ("SEC") as a
broker-dealer and is a member of the National Association of Securities Dealers,
Inc. ("NASD"). In 1997 and 1998, we paid EDI a fee of $20,088,049 and
$35,582,313, respectively, for its services under a Distribution Agreement with
Equitable Life and its separate accounts.
We sell these variable life products through licensed insurance agencies (both
affiliated and unaffiliated with Equitable Life) and their affiliated
broker-dealers (who are registered with the SEC and are members of the NASD).
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Such agencies and their affiliated broker-dealers have entered into selling
agreements with EDI. The licensed insurance agents who sell our policies are
appointed as agents of Equitable Life, and are registered representatives of the
agencies' affiliated broker-dealer. Sales commissions will be paid by Equitable
Life to the agency that sells you this policy. The commissions don't cost you
anything above the charges and expenses already discussed elsewhere in this
prospectus. Generally, the agencies will receive maximum commissions of: 50% of
the amount of the premium you pay in your policy's first year up to a certain
amount, plus 3% of all other premiums you pay in your policy's first year, plus
3% of all premiums you pay in the second through tenth years. We pay comparable
commissions on the amount of premiums you pay that we deem attributable to any
face amount increase that you request. The agency may be required to return to
us any commissions on premiums that we have refunded to a policyowner.
