Registration No. 33-83750
Registration No. 811-8754
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-------------------------
FORM N-4
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [ ]
Pre-Effective Amendment No. [ ]
Post-Effective Amendment No. 11 [X]
AND/OR
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [ ]
Amendment No. 14 [X]
(Check appropriate box or boxes)
-------------------------
SEPARATE ACCOUNT No. 45
of
THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES
(Exact Name of Registrant)
-------------------------
THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES
(Name of Depositor)
1290 Avenue of the Americas, New York, New York 10104
(Address of Depositor's Principal Executive Offices)
Depositor's Telephone Number, including Area Code: (212) 554-1234
-------------------------
MARY P. BREEN
VICE PRESIDENT AND ASSOCIATE GENERAL COUNSEL
The Equitable Life Assurance Society of the United States
1290 Avenue of the Americas, New York, New York 10104
(Name and Address of Agent for Service)
-------------------------
Please send copies of all communications to:
PETER E. PANARITES
Freedman, Levy, Kroll & Simonds
1050 Connecticut Avenue, N.W., Suite 825
Washington, D.C. 20036
-------------------------
<PAGE>
Approximate Date of Proposed Public Offering: Continuous
It is proposed that this filing will become effective (check
appropriate box):
[X] Immediately upon filing pursuant to paragraph (b) of Rule 485 .
[ ] On ______ pursuant to paragraph (b) of Rule 485.
[ ] 60 days after filing pursuant to paragraph (a)(1) of Rule 485.
[ ] On (date) pursuant to paragraph (a)(1) of Rule 485.
If appropriate, check the following box:
[ ] This post-effective amendment designates a new effective date for
previously filed post-effective amendment.
Title of Securities Being Registered:
Units of interest in Separate Account under variable annuity contracts.
<PAGE>
NOTE
The purpose of this post-effective amendment ("Amendment") is to file two
prospectus supplements separately describing a 1% reduction in the rate of
interest credited under (i) the "Roll Up to Age 80" Guaranteed Minimum Death
Benefit ("GMDB"), and the Guaranteed Minimum Income Beenefit ("GMIB") benefit
base, and (ii) the GMBD and GMIB benefit base for annuitant issue ages 76
through 83, as discussed in the supplements. The supplements also describe a
change in the interest rate upon which the guaranteed minimum annuity purchase
factors are based under the GMIB. In addition, certain related exhibits are
being filed. The Amendment does not amend or delete the Prospectus, Prospectus
Profile, or Statement of Additional Information, dated May 1, 1998, any
Supplements thereto, or any other part of the Registration Statement except as
specifically noted herein.
64560v1
<PAGE>
SUPPLEMENT TO
EQUITABLE ACCUMULATOR(SM)
(IRA, NQ, AND QP)
PROSPECTUS DATED MAY 1, 1998, AND
TAX SHELTERED ANNUITY SUPPLEMENT DATED JUNE 18, 1998
Combination Variable and Fixed Deferred Annuity Certificates
Issued By
The Equitable Life Assurance Society of the United States
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This prospectus supplement (SUPPLEMENT) changes certain information contained in
the Profile and Prospectus dated May 1, 1998, and the Tax Sheltered Annuity
prospectus supplement (TSA SUPPLEMENT) dated June 18, 1998. Capitalized terms
have the same meaning as in the Prospectus and TSA Supplement.
Effective January 4, 1999, the interest rate credited under the Guaranteed
Minimum Income Benefit benefit base and the Guaranteed Minimum Death Benefit
will be reduced to 5% (3% for amounts in the Alliance Money Market Fund,
Alliance Intermediate Government Securities Fund, and the GIROs). The guaranteed
minimum annuity purchase factors used in calculating the Guaranteed Minimum
Income Benefit will be based on interest at 2.5% for all years.
For applications received at our Processing Office on or before December 31,
1998, with funds received by December 31, 1998, the benefits as described in the
Prospectus will apply. For applications where funds are to be received under
1035 Exchanges and direct custodian-to-custodian IRA or TSA transfers, if all
paperwork is received at our Processing Office on or before December 31, 1998,
with funds received by February 26, 1999, the benefits described in the
Prospectus will also apply. For all applications received at our Processing
Office after December 31, 1998, the benefits as described in this Supplement
will apply.
THE FOLLOWING CHANGES APPLY TO THE PROFILE:
IN THE FIRST PARAGRAPH OF ITEM 5 "EXPENSES" "5% ROLL UP TO AGE 80" REPLACES "6%
ROLL UP TO AGE 80" AND "5% ROLL UP TO AGE 70" REPLACES "6% ROLL UP TO AGE 70."
IN THE TABLE UNDER "EXPENSES" IN ITEM 5, PLEASE NOTE THAT THE EXPENSE NUMBERS
UNDER THE COLUMN HEADING "10 YEARS" WILL BE SLIGHTLY LOWER THAN THE NUMBERS
SHOWN DUE TO THE REDUCTION IN THE INTEREST RATE CREDITED UNDER THE GUARANTEED
MINIMUM INCOME BENEFIT BENEFIT BASE.
IN THE SECOND PARAGRAPH OF ITEM 9 "DEATH BENEFIT," "5% ROLL UP TO AGE 80"
REPLACES "6% ROLL UP TO AGE 80."
THE FOLLOWING REPLACES THE THIRD PARAGRAPH IN ITEM 9 "DEATH BENEFIT":
5% Roll Up to Age 80 (Not available in New York) -- We add interest to the
initial amount at 5% (3% for amounts in the Alliance Money Market Fund, Alliance
Intermediate Government Securities Fund, and GIROs) through the annuitant's age
80 (or at the annuitant's death, if earlier). The 5% interest rate will still
apply for amounts in the Alliance Money Market Fund under the Special Dollar
Cost Averaging program discussed in item 10 "OTHER INFORMATION."
IN ITEM 10 "OTHER INFORMATION" UNDER "BASEBUILDER BENEFITS(R)" -- "DEATH
BENEFIT," "5% ROLL UP TO AGE 80" REPLACES "6% ROLL UP TO AGE 80."
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Copyright 1998 The Equitable Life Assurance Society of the United States,
New York, New York 10104. All rights reserved. Accumulator is a service mark,
and baseBUILDER and Income Manager are registered service marks of
The Equitable Life Assurance Society of the United States.
SUPPLEMENT DATED November 30, 1998
PROS AGT SUPP3 (11/98)
<PAGE>
THE FOLLOWING REPLACES THE FOURTH PARAGRAPH IN ITEM 10 "OTHER INFORMATION" UNDER
"BASEBUILDER BENEFITS(R)" -- "DEATH BENEFIT":
5% Roll Up to Age 70 -- We add interest to the initial amount at 5% (3% for
amounts in the Alliance Money Market Fund, Alliance Intermediate Government
Securities Fund, and GIROs) through the annuitant's age 70 (or at the
annuitant's death, if earlier). The 5% interest rate will still apply for
amounts in the Alliance Money Market Fund under the Special Dollar Cost
Averaging program discussed in item 10 "OTHER INFORMATION."
THE FOLLOWING CHANGES APPLY TO THE PROSPECTUS AND TSA SUPPLEMENT:
IN FOOTNOTE (4) ON PAGE 9 OF THE PROSPECTUS, "5% ROLL UP TO AGE 80" REPLACES "6%
ROLL UP TO AGE 80" AND "5% ROLL UP TO AGE 70" REPLACES "6% ROLL UP TO AGE 70."
IN THE TABLE UNDER THE HEADING "EXAMPLES" ON PAGE 11 OF THE PROSPECTUS, PLEASE
NOTE THAT OTHER THAN FOR SURRENDER IN THE FIRST YEAR WHEN THE EXPENSE NUMBERS
WILL BE THE SAME, THE NUMBERS WILL BE SLIGHTLY LOWER THAN THE NUMBERS SHOWN DUE
TO THE CHANGE IN THE INTEREST RATE CREDITED UNDER THE GUARANTEED MINIMUM INCOME
BENEFIT BENEFIT BASE.
THE FOLLOWING REPLACES THE FIRST PARAGRAPH UNDER THE HEADING "BASEBUILDER
BENEFITS" ON PAGE 28 OF THE PROSPECTUS:
The baseBUILDER option provides guaranteed benefits in the form of a Combined
Guaranteed Minimum Income Benefit and Guaranteed Minimum Death Benefit. The
combined benefit is available for Annuitant issue ages 20 through 75 and is
subject to an additional charge (see "baseBUILDER Benefits Charge" in Part 6 of
the Prospectus). baseBUILDER provides a degree of protection for you while the
Annuitant lives (Income Benefit), as well as for the beneficiary should the
Annuitant die. As part of baseBUILDER you will have a choice of two Guaranteed
Minimum Death Benefit options for Annuitant issue ages 20 through 75: (i) a 5%
Roll Up to Age 80 or (ii) an Annual Ratchet to Age 80. Under Traditional IRA
Certificates for Annuitant issue ages 20 through 60, we offer an alternative
Guaranteed Minimum Death Benefit under the baseBUILDER which is a 5% Roll Up to
Age 70. The 5% Roll Up to Age 80 and the Annual Ratchet to Age 80 Guaranteed
Minimum Death Benefit choices are still provided under the Certificate even if
you do not elect baseBUILDER. The two choices are also provided for Annuitant
issue ages 0 through 19 under NQ Certificates and for Annuitant issue ages 76
through 79. The 5% Roll Up to Age 70 is available only under baseBUILDER.
baseBUILDER is not currently available in New York.
THE FOLLOWING REPLACES THE THIRD PARAGRAPH AND THE CHART FOLLOWING THE PARAGRAPH
UNDER THE HEADING "GUARANTEED MINIMUM INCOME BENEFIT" ON PAGE 28 OF THE
PROSPECTUS:
Illustrated below are Guaranteed Minimum Income Benefit amounts per $100,000 of
initial contribution, for a male Annuitant age 60 (at issue of an Income
Manager(R) certificate) on Contract Date anniversaries as indicated below,
assuming no subsequent contributions, withdrawals, or loans under TSA
Certificates, and assuming there were no allocations to the Alliance Money
Market Fund, Alliance Intermediate Government Securities Fund or the Guaranteed
Period Account.
---------------------------------------------------------------
Guaranteed Minimum
Income Benefit -- Annual
Contract Date Income Payable for Life with
Anniversary at Exercise 10 Year Period Certain
---------------------------------------------------------------
7 $ 8,315
10 10,341
15 14,924
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2
<PAGE>
THE FOLLOWING REPLACES THE FIRST THREE PARAGRAPHS UNDER THE SUBHEADING
"GUARANTEED MINIMUM DEATH BENEFIT" ON PAGE 30 OF THE PROSPECTUS AND THE SECOND
PARAGRAPH UNDER THE SUBHEADING "GUARANTEED MINIMUM DEATH BENEFIT" ON PAGE 4 OF
THE TSA SUPPLEMENT:
Applicable for Annuitant Issue Ages 0 through 79 under NQ Certificates; 20
through 78 under Traditional IRA, Roth IRA and TSA Certificates; and 20 through
70 under QP Certificates
You elect either the "5% Roll Up to Age 80" or the "Annual Ratchet to Age 80"
Guaranteed Minimum Death Benefit when you apply for a Certificate. Once elected,
the benefit may not be changed.
5% Roll Up to Age 80 -- On the Contract Date, the Guaranteed Minimum Death
Benefit is equal to the initial contribution. Thereafter, the Guaranteed Minimum
Death Benefit is credited with interest at 5% (3% for amounts in the Alliance
Money Market Fund, Alliance Intermediate Government Securities Fund, and GIROs)
on each Contract Date anniversary (compounded annually) through the Annuitant's
age 80 (or at the Annuitant's death, if earlier), and 0% thereafter. An interest
rate of 5% will apply for amounts in the Alliance Money Market Fund under the
Special Dollar Cost Averaging program. Under TSA Certificates, while a loan is
outstanding, the amount in the loan reserve account will be credited with
interest at 3%.
On the date that a subsequent contribution is applied, your current Guaranteed
Minimum Death Benefit will increase by the dollar amount of the subsequent
contribution. On the date that a withdrawal is made, your Guaranteed Minimum
Death Benefit will be adjusted for the withdrawal. See "How Withdrawals Affect
Your Guaranteed Minimum Income Benefit and Guaranteed Minimum Death Benefit"
below.
The 5% Roll Up to Age 80 Guaranteed Minimum Death Benefit is not available in
New York.
THE FOLLOWING REPLACES THE FIFTH AND SIXTH PARAGRAPHS UNDER THE SUBHEADING
"GUARANTEED MINIMUM DEATH BENEFIT" ON PAGE 30 OF THE PROSPECTUS AND THE SECOND
PARAGRAPH UNDER THE SUBHEADING "GUARANTEED MINIMUM DEATH BENEFIT" ON PAGE 4 OF
THE TSA SUPPLEMENT:
Alternate baseBUILDER Guaranteed Minimum Death Benefit applicable under
Traditional IRA Certificates for Annuitant Issue Ages 20 through 60
5% Roll Up to Age 70 -- On the Contract Date, the Guaranteed Minimum Death
Benefit is equal to the initial contribution. Thereafter, the Guaranteed Minimum
Death Benefit is credited with interest at 5% (3% for amounts in the Alliance
Money Market Fund, Alliance Intermediate Government Securities Fund, and GIROs)
on each Contract Date anniversary (compounded annually) through the Annuitant's
age 70 (or at the Annuitant's death, if earlier), and 0% thereafter. An interest
rate of 5% will apply for amounts in the Alliance Money Market Fund under the
Special Dollar Cost Averaging program. Under TSA Certificates, while a loan is
outstanding, the amount in the loan reserve account will be credited with
interest at 3%.
On the date that a subsequent contribution is applied, your current Guaranteed
Minimum Death Benefit will increase by the dollar amount of the subsequent
contribution. On the date that a withdrawal is made, your Guaranteed Minimum
Death Benefit will be adjusted for the withdrawal. See "How Withdrawals Affect
Your Guaranteed Minimum Income Benefit and Guaranteed Minimum Death Benefit"
below.
3
<PAGE>
THE FOLLOWING REPLACES THE INFORMATION UNDER THE HEADING "HOW WITHDRAWALS AFFECT
YOUR GUARANTEED MINIMUM INCOME BENEFIT AND GUARANTEED MINIMUM DEATH BENEFIT" ON
PAGE 40 OF THE PROSPECTUS:
Withdrawals will reduce your guaranteed benefits on either a dollar-for-dollar
basis or on a pro rata basis as explained below:
Guaranteed Minimum Income Benefit benefit base -- Your current Guaranteed
Minimum Income Benefit benefit base (described below) will be reduced on a
dollar-for-dollar basis as long as the sum of your withdrawals in a Contract
Year is 5% or less of the beginning of Contract Year Guaranteed Minimum Death
Benefit. Once you take a withdrawal that causes the sum of your withdrawals in a
Contract Year to exceed 5% of the beginning of Contract Year Guaranteed Minimum
Death Benefit, that withdrawal and any subsequent withdrawals in that same
Contract Year will reduce your current Guaranteed Minimum Income Benefit benefit
base on a pro rata basis.
5% Roll Up to Age 80 or to Age 70 -- If you elect the 5% Roll Up to Age 70
or to Age 80 Guaranteed Minimum Death Benefit, your current Guaranteed Minimum
Death Benefit will be reduced on a dollar-for-dollar basis as long as the sum of
your withdrawals in a Contract Year is 5% or less of the beginning of Contract
Year Guaranteed Minimum Death Benefit. Once you take a withdrawal that causes
the sum of your withdrawals in a Contract Year to exceed 5% of the beginning of
Contract Year Guaranteed Minimum Death Benefit, that withdrawal and any
subsequent withdrawals in that same Contract Year will reduce your current
Guaranteed Minimum Death Benefit on a pro rata basis.
Annual Ratchet to Age 80 -- If you elect the Annual Ratchet to Age 80
Guaranteed Minimum Death Benefit, each withdrawal will always reduce your
current Guaranteed Minimum Death Benefit on a pro rata basis.
Reduction on a dollar-for-dollar basis means that your current benefit will be
reduced by the dollar amount of the withdrawal. Reduction on a pro rata basis
means that we calculate the percentage of the Annuity Account Value (as of the
Transaction Date) that is being withdrawn and we reduce your current benefit by
that same percentage. For example, if your Annuity Account Value is $30,000 and
you withdraw $12,000, you have withdrawn 40% ($12,000/ $30,000) of your Annuity
Account Value. If your Guaranteed Minimum Death Benefit was $40,000 prior to the
withdrawal, it would be reduced by $16,000 ($40,000 x .40) and your new
Guaranteed Minimum Death Benefit after the withdrawal would be $24,000 ($40,000
- - $16,000).
The timing of your withdrawals and whether they exceed the 5% threshold
described above can have a significant impact on your Guaranteed Minimum Income
Benefit or Guaranteed Minimum Death Benefit.
THE FOLLOWING REPLACES THE INFORMATION UNDER THE SUBHEADING "GUARANTEED MINIMUM
INCOME BENEFIT BENEFIT BASE" ON PAGE 40 OF THE PROSPECTUS AND THE PARAGRAPH
UNDER THE SUBHEADING "GUARANTEED MINIMUM INCOME BENEFIT ON PAGE 4 OF THE TSA
SUPPLEMENT:
On the Contract Date, the Guaranteed Minimum Income Benefit benefit base is
equal to the initial contribution. Thereafter, the Guaranteed Minimum Income
Benefit benefit base is credited with interest at 5% (3% for amounts in the
Alliance Money Market Fund, Alliance Intermediate Government Securities Fund,
and GIROs) on each Contract Date anniversary (compounded annually) through the
Annuitant's age 80 (age 70 if the 5% Roll Up to Age 70 is elected), and 0%
thereafter. An interest rate of 5% will apply for amounts in the Alliance Money
Market Fund under the Special Dollar Cost Averaging program. Under TSA
Certificates, while a loan is outstanding, the amount in the loan reserve
account will be credited with interest at 3%.
4
<PAGE>
On the date that a subsequent contribution is applied, your current Guaranteed
Minimum Income Benefit benefit base will increase by the dollar amount of the
subsequent contribution. On the date that a withdrawal is made, your Guaranteed
Minimum Income Benefit benefit base will be reduced by (i) the dollar amount of
the withdrawal or (ii) the percentage of the Annuity Account Value being
withdrawn, as explained above. The Guaranteed Minimum Income Benefit benefit
base will also be reduced by any withdrawal charge remaining on the Transaction
Date that you exercise your Guaranteed Minimum Income Benefit.
Your Guaranteed Minimum Income Benefit benefit base is applied to guaranteed
minimum annuity purchase factors to determine the Guaranteed Minimum Income
Benefit. The guaranteed minimum annuity purchase factors are based on (i)
interest at 2.5%, and (ii) mortality tables that assume increasing longevity.
These interest and mortality factors are generally more conservative than the
basis underlying current annuity purchase factors, which means that they would
produce less periodic income for an equal amount applied.
Your Guaranteed Minimum Income Benefit benefit base does not create an Annuity
Account Value or a Cash Value and is used solely for purposes of calculating
your Guaranteed Minimum Income Benefit.
UNDER "BASEBUILDER BENEFITS CHARGE" ON PAGES 43 OF THE PROSPECTUS, "5% ROLL UP
TO AGE 80" REPLACES "6% ROLL UP TO AGE 80" AND "5% ROLL UP TO AGE 70" REPLACES
"6% ROLL UP TO AGE 70."
5
<PAGE>
THE FOLLOWING REPLACES APPENDIX III ON PAGE 72 OF THE PROSPECTUS:
APPENDIX III: GUARANTEED MINIMUM DEATH BENEFIT EXAMPLE
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Under the Certificates the death benefit is equal to the Annuity Account Value
or, if greater, the Guaranteed Minimum Death Benefit (see "Guaranteed Minimum
Death Benefit" on page 3 of this Supplement and on page 30 of the Prospectus).
The following is an example illustrating the calculation of the Guaranteed
Minimum Death Benefit. Assuming $100,000 is allocated to the Investment Funds
(with no allocation to the Alliance Money Market Fund, Alliance Intermediate
Government Securities Fund or GIROs), no subsequent contributions, no transfers,
no withdrawals, and no loans under a TSA Certificate, the Guaranteed Minimum
Death Benefit for an Annuitant age 45 would be calculated as follows:
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------
End of 5% Roll Up to Age 80 Annual Ratchet to Age 80
Contract Annuity Guaranteed Minimum Guaranteed Minimum
Year Account Value Death Benefit Death Benefit
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 $105,000 $105,000(1) $105,000(3)
2 $115,500 $110,250(2) $115,500(3)
3 $132,825 $115,763(2) $132,825(3)
4 $106,260 $121,551(1) $132,825(4)
5 $116,886 $127,628(1) $132,825(4)
6 $140,263 $134,010(2) $140,263(3)
7 $140,263 $140,710(1) $140,263(4)
--------------------------------------------------------------------------------------------------------------------
</TABLE>
The Annuity Account Values for Contract Years 1 through 7 are determined based
on hypothetical rates of return of 5.00%, 10.00%, 15.00%, (20.00)%, 10.00%,
20.00% and 0.00%, respectively.
5% ROLL UP TO AGE 80
(1) At the end of Contract Years 1, 4, 5 and again at the end of Contract Year
7, the death benefit will be equal to the Guaranteed Minimum Death Benefit.
(2) At the end of Contract Years 2, 3 and again at the end of Contract Year 6,
the death benefit will be equal to the Annuity Account Value since it is
higher than the current Guaranteed Minimum Death Benefit.
ANNUAL RATCHET TO AGE 80
(3) At the end of Contract Years 1, 2 and 3, and again at the end of Contract
Year 6, the Guaranteed Minimum Death Benefit is equal to the current
Annuity Account Value.
(4) At the end of Contract Years 4, 5 and 7, the Guaranteed Minimum Death
Benefit is equal to the Guaranteed Minimum Death Benefit at the end of the
prior year since it is equal to or higher than the current Annuity Account
Value.
6
<PAGE>
SUPPLEMENT TO
EQUITABLE ACCUMULATOR(SM)
(IRA, NQ AND QP)
PROSPECTUS DATED MAY 1, 1998 AND
TAX SHELTERED ANNUITY SUPPLEMENT DATED JUNE 18, 1998
COMBINATION VARIABLE AND FIXED DEFERRED ANNUITY CERTIFICATES
Issued By:
The Equitable Life Assurance Society of the United States
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This prospectus supplement (SUPPLEMENT) changes certain information in the
Equitable Accumulator (IRA, NQ and QP) prospectus dated May 1, 1998, and the Tax
Sheltered Annuity prospectus supplement dated June 18, 1998 (TSA SUPPLEMENT).
This Supplement describes the baseBUILDER(R) Combined Guaranteed Minimum Income
Benefit and Guaranteed Minimum Death Benefit offered to Annuitant issue ages 76
through 83. Capitalized terms in this supplement have the same meaning as in the
Prospectus and TSA Supplement.
The versions of the Combined Guaranteed Minimum Income Benefit and Guaranteed
Minimum Death Benefit discussed on page 28 of the prospectus under "baseBUILDER
Benefits" and pages 3 and 4 of the TSA Supplement are not available for
Annuitant issue ages 76 through 83. The combined benefit available for these
issue ages was offered under prospectus supplements dated May 1, 1998 and June
18, 1998 (PRIOR SUPPLEMENTS).
Effective January 4, 1999, the interest rate credited under the Guaranteed
Minimum Income Benefit benefit base and the Guaranteed Minimum Death Benefit
will be reduced to 3%. The guaranteed minimum annuity purchase factors used in
calculating the Guaranteed Minimum Income Benefit will be based on interest at
2.5% for all years.
For applications received at our Processing Office on or before December 31,
1998, with funds received by December 31, 1998, the benefits as described in the
Prior Supplements will apply. For applications where funds are to be received
under 1035 Exchanges and direct custodian-to-custodian IRA or TSA transfers, if
all paperwork is received at our Processing Office on or before December 31,
1998, with funds received by February 26, 1999, the benefit described in the
Prior Supplements will also apply. For all applications received at our
Processing Office after December 31, 1998, the benefits as described in this
Supplement will apply.
The charge for the benefit described in this Supplement is 0.30% of the
Guaranteed Minimum Income Benefit benefit base in effect on a Processing Date.
THE EXERCISE DATES AND PERIOD CERTAIN FOR THE GUARANTEED MINIMUM INCOME BENEFIT
APPLICABLE TO THE COMBINED BENEFIT IS AS FOLLOWS:
The Guaranteed Minimum Income Benefit may be exercised only within 30
days following the 7th or later Contract Date anniversary, but in no
event later than the Annuitant's age 90.
The period certain will be 90 less the Annuitant's age at election.
- -------------------------------------------------------------------------------
Copyright 1998 The Equitable Life Assurance Society of the United States,
New York, New York 10104.
All rights reserved. Accumulator is a service mark and baseBUILDER
is a registered service mark of
The Equitable Life Assurance Society of the United States.
SUPPLEMENT DATED November 30, 1998
PROS AGENT SUPP4 (11/98)
<PAGE>
THE GUARANTEED MINIMUM DEATH BENEFIT APPLICABLE TO THE COMBINED BENEFIT IS AS
FOLLOWS:
3% Roll Up to Age 85 - On the Contract Date, the Guaranteed Minimum Death
Benefit is equal to the initial contribution. Thereafter, the Guaranteed
Minimum Death Benefit is credited with interest at 3% on each Contract Date
anniversary (compounded annually) through the Annuitant's age 85 (or at the
Annuitant's death, if earlier), and 0% thereafter.
On the date that a subsequent contribution is applied, your current
Guaranteed Minimum Death Benefit will increase by the dollar amount of the
subsequent contribution. On the date that a withdrawal is made, your
Guaranteed Minimum Death Benefit will be adjusted for the withdrawal.
THE FOLLOWING REPLACES THE THIRD PARAGRAPH AND THE CHART FOLLOWING THE PARAGRAPH
UNDER THE HEADING "GUARANTEED MINIMUM INCOME BENEFIT" ON PAGE 28 OF THE
PROSPECTUS:
Illustrated below are Guaranteed Minimum Income Benefit amounts per $100,000 of
initial contribution, for a male Annuitant age 76 (at issue of an Income
Manager(R) certificate) on Contract Date anniversaries as indicated below,
assuming no subsequent contributions, withdrawals, or loans under TSA
Certificates.
- -------------------------------------------------------------------------------
Contract Date Form of Guaranteed Minimum Income
Anniversary at Exercise Annuity Benefit -- Annual Income
- -------------------------------------------------------------------------------
7 Life with 7 Year $ 11,647.84
Period Certain
14 Life only 21,587.70
- -------------------------------------------------------------------------------
THE FOLLOWING REPLACES THE INFORMATION UNDER THE HEADING "HOW WITHDRAWALS AFFECT
YOUR GUARANTEED MINIMUM INCOME BENEFIT AND GUARANTEED MINIMUM DEATH BENEFIT" ON
PAGE 40 OF THE PROSPECTUS:
Withdrawals will reduce your guaranteed benefits on either a
dollar-for-dollar basis or on a pro rata basis as explained below:
Your current Guaranteed Minimum Income Benefit benefit base (described
below) and your current Guaranteed Minimum Death Benefit will be reduced on
a dollar-for-dollar basis as long as the sum of your withdrawals in a
Contract Year is 3% or less of the beginning of Contract Year Guaranteed
Minimum Death Benefit. Once you take a withdrawal that causes the sum of
your withdrawals in a Contract Year to exceed 3% of the beginning of
Contract Year Guaranteed Minimum Death Benefit, that withdrawal and any
subsequent withdrawals in that same Contract Year will reduce your current
Guaranteed Minimum Income Benefit benefit base and your current Guaranteed
Minimum Death Benefit on a pro rata basis.
Reduction on a dollar-for-dollar basis means that your current benefit will
be reduced by the dollar amount of the withdrawal. Reduction on a pro rata
basis means that we calculate the percentage of the Annuity Account Value
(as of the Transaction Date) that is being withdrawn and we reduce your
current benefit by that same percentage. For example, if your Annuity
Account Value is $30,000 and you withdraw $12,000, you have withdrawn 40%
($12,000/ $30,000) of your Annuity Account Value. If your Guaranteed
Minimum Death Benefit was $40,000 prior to the withdrawal, it would be
reduced by $16,000 ($40,000 x .40) and your new Guaranteed Minimum Death
Benefit after the withdrawal would be $24,000 ($40,000 - $16,000).
The timing of your withdrawals and whether they exceed the 3% threshold
described above can have a significant impact on your Guaranteed Minimum
Income Benefit or Guaranteed Minimum Death Benefit.
2
<PAGE>
THE FOLLOWING REPLACES THE FIRST TWO PARAGRAPHS UNDER THE HEADING "GUARANTEED
MINIMUM INCOME BENEFIT BENEFIT BASE" ON PAGE 40 OF THE PROSPECTUS:
Guaranteed Minimum Income Benefit benefit base -- On the Contract Date, the
Guaranteed Minimum Income Benefit benefit base is equal to the initial
contribution. Thereafter, the Guaranteed Minimum Income Benefit benefit
base is credited with interest at 3% on each Contract Date anniversary
(compounded annually) through the Annuitant's age 85, and 0% thereafter.
On the date that a subsequent contribution is applied, your current
Guaranteed Minimum Income Benefit benefit base will increase by the dollar
amount of the subsequent contribution. On the date that a withdrawal is
made, your Guaranteed Minimum Income Benefit benefit base will be reduced
by (i) the dollar amount of the withdrawal or (ii) the percentage of the
Annuity Account Value being withdrawn, as explained above. The Guaranteed
Minimum Income Benefit benefit base will also be reduced by any withdrawal
charge remaining on the Transaction Date that you exercise your Guaranteed
Minimum Income Benefit.
Your Guaranteed Minimum Income Benefit benefit base is applied to
guaranteed minimum annuity purchase factors to determine the Guaranteed
Minimum Income Benefit. The guaranteed minimum annuity purchase factors are
based on (i) interest at 2.5%, and (ii) mortality tables that assume
increasing longevity. These interest and mortality factors are generally
more conservative than the basis underlying current annuity purchase
factors, which means that they would produce less periodic income for an
equal amount applied.
3
<PAGE>
THE FOLLOWING REPLACES APPENDIX III ON PAGE 72 OF THE PROSPECTUS:
APPENDIX III: GUARANTEED MINIMUM DEATH BENEFIT EXAMPLE
- -------------------------------------------------------------------------------
Under the Certificates the death benefit is equal to the Annuity Account Value
or, if greater, the Guaranteed Minimum Death Benefit (see "Guaranteed Minimum
Death Benefit" on page 2 of this Supplement and on page 30 of the Prospectus).
The following is an example illustrating the calculation of the Guaranteed
Minimum Death Benefit. Assuming $100,000 is allocated to the Investment Funds,
no subsequent contributions, no transfers, no withdrawals, and no loans under a
TSA Certificate, the Guaranteed Minimum Death Benefit for an Annuitant age 76
would be calculated as follows:
---------------------------------------------------------------------------
End of 3% Roll Up to Age 85
Contract Annuity Guaranteed Minimum
Year Account Value Death Benefit
---------------------------------------------------------------------------
1 $105,000 $103,000
2 $115,500 $106,090
3 $132,825 $109,273
4 $106,260 $112,551
5 $116,886 $115,927
6 $140,263 $119,405
7 $140,263 $122,987
---------------------------------------------------------------------------
The Annuity Account Values for Contract Years 1 through 7 are determined based
on hypothetical rates of return of 5.00%, 10.00%, 15.00%, (20.00)%, 10.00%,
20.00% and 0.00%, respectively.
For Contract Years 1 through 3, and 5 through 7 the death benefit is equal to
the Annuity Account Value, in Contract Year 4 the death benefit is equal to the
Guaranteed Minimum Death Benefit.
4
<PAGE>
PART C
OTHER INFORMATION
This Part C is amended solely for the purpose of filing the exhibits noted
below. No amendment or deletion is made of any of the other information set
forth under the Part C Items as provided in Post-Effective Amendment No. 10 to
the Registration Statement.
Item 24. Financial Statements and Exhibits.
(b) Exhibits.
The following additional exhibits are added herewith:
4(x) Form of Data Pages for Equitable Accumulator (IRA, NQ, QP, and
TSA)
5(g) Form of Enrollment Form/Application for Equitable Accumulator
(IRA, NQ, QP and TSA)
10(a) Consent of Pricewaterhouse Coopers LLP
C-1
<PAGE>
SIGNATURES
As required by the Securities Act of 1933 and the Investment Company Act of
1940, the Registrant certifies that it meets the requirements of Securities Act
Rule 485(b) for effectiveness of this amended Registation Statement and has
caused this amended Registration Statement to be signed on its behalf, in the
City and State of New York, on this 30th day of November, 1998.
SEPARATE ACCOUNT No. 45 OF
THE EQUITABLE LIFE ASSURANCE SOCIETY
OF THE UNITED STATES
(Registrant)
By: The Equitable Life Assurance
Society of the United States
By: /s/ Jerome S. Golden
---------------------------------
Jerome S. Golden
Executive Vice President,
Product Management Group,
The Equitable Life Assurance
Society of the United States
C-2
<PAGE>
SIGNATURES
As required by the Securities Act of 1933 and the Investment Company Act of
1940, the Depositor certifies that it has duly caused this amended Registration
Statement to be signed on its behalf, in the City and State of New York, on this
30th day of November, 1998.
THE EQUITABLE LIFE ASSURANCE SOCIETY
OF THE UNITED STATES
(Depositor)
By: /s/ Jerome S. Golden
---------------------------------
Jerome S. Golden
Executive Vice President,
Product Management Group,
The Equitable Life Assurance
Society of the United States
As required by the Securities Act of 1933, this amended registration
statement has been signed by the following persons in the capacities and on the
date indicated:
PRINCIPAL EXECUTIVE OFFICERS:
Edward D. Miller Chairman of the Board, Chief Executive Officer
and Director
Michael Hegarty President, Chief Operating Officer and Director
PRINCIPAL FINANCIAL OFFICER:
Stanley B. Tulin Vice Chairman of the Board, Chief Financial
Officer and Director
PRINCIPAL ACCOUNTING OFFICER:
/s/ Alvin H. Fenichel Senior Vice President and Controller
- ---------------------------
Alvin H. Fenichel
November 30th, 1998
DIRECTORS:
Francoise Colloc'h Donald J. Greene George T. Lowy
Henri de Castries John T. Hartley Edward D. Miller
Joseph L. Dionne John H.F. Haskell, Jr. Didier Pineau-Valencienne
Denis Duverne Michael Hegarty George J. Sella, Jr.
William T. Esrey Mary R. (Nina) Henderson Stanley B. Tulin
Jean-Rene Fourtou W. Edwin Jarmain Dave H. Williams
Norman C. Francis G. Donald Johnston, Jr.
By: /s/ Jerome S. Golden
------------------------
Jerome S. Golden
Attorney-in-Fact
November 30th, 1998
C-3
<PAGE>
EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT NO. TAG VALUE
- ----------- ---------
<S> <C> <C>
4(x) Form of data pages for Equitable Accumulator (IRA, NQ, QP, and TSA) EX-99.4x
5(g) Form of Enrollment Form/Application for Equitable Accumulator EX-99.5g
(IRA, NQ, QP, and TSA)
10(a) Consent of PricewaterhouseCoopers LLP EX-99.10a
</TABLE>
C-4
<PAGE>
EQUITABLE ACCUMULATOR IRA ([TRADITIONAL] [ROTH])
DATA
PART A -- THIS PART LISTS YOUR PERSONAL DATA.
OWNER: JOHN DOE
ANNUITANT: JOHN DOE Age: 60 Sex: Male
CONTRACT: GROUP ANNUITY CONTRACT NO. AC 6727
CERTIFICATE NUMBER: 00000
ENDORSEMENTS ATTACHED: Minimum Income Benefit Endorsement
Endorsement Applicable to [Roth] IRA Certificates
Endorsement Applicable to Market Value Adjustment
Terms
Rider to Endorsement Applicable to Market Value
Adjustment Terms
Endorsement Applicable to Life Contingent Annuity
ISSUE DATE: January 4, 1999
CONTRACT DATE: January 4, 1999
ANNUITY COMMENCEMENT DATE: August 22, 2028
THE MAXIMUM MATURITY AGE IS AGE 90 -- SEE SECTION 7.03.
The Annuity Commencement Date may not be later than the Processing Date
which follows your 90th birthday.
[Applicable for Traditional IRAs - However, if you choose a date later
than age 70 1/2, distribution of at least the minimum payments required
must commence by April 1 of the calendar year following the calendar
year in which you attain age 70 1/2 (see item 2 of the Endorsement
Applicable to IRA Certificates).]
GUARANTEED BENEFITS: Combined Guaranteed Minimum Income Benefit and
Guaranteed Minimum Death Benefit - [5% Roll Up to Age 80]
[5% Roll Up to Age 70]
BENEFICIARY: JANE DOE
No. 94ICA/B Data page 1 (1/99)
<PAGE>
DATA PAGES (CONT'D)
DEATH BENEFIT AMOUNT (SEE SECTION 6.01)
The death benefit is equal to the Annuity Account Value or, if greater, the
Guaranteed Minimum Death Benefit defined below.
Guaranteed Minimum Death Benefit
[5% Roll Up to Age 80 - On the Contract Date, the Guaranteed Minimum Death
Benefit is equal to the initial Contribution. Thereafter, the Guaranteed Minimum
Death Benefit is credited with interest at 5% (3% for amounts in the Alliance
Money Market and Alliance Intermediate Government Securities Funds, and the
Guarantee Periods) on each Contract Date anniversary through your age 80 (or at
your death, if earlier), and 0% thereafter, and is adjusted for any subsequent
Contributions and withdrawals.]
[5% Roll Up to Age 70 - On the Contract Date, the Guaranteed Minimum Death
Benefit is equal to the initial Contribution. Thereafter, the Guaranteed Minimum
Death Benefit is credited with interest at 5% (3% for amounts in the Alliance
Money Market and Alliance Intermediate Government Securities Funds, and the
Guarantee Periods) on each Contract Date anniversary through your age 70 (or at
your death, if earlier), and 0% thereafter, and is adjusted for any subsequent
Contributions and withdrawals.]
Your current Guaranteed Minimum Death Benefit will be reduced on a
dollar-for-dollar basis as long as the sum of your withdrawals in any Contract
Year is 5% or less of the beginning of Contract Year Guaranteed Minimum Death
Benefit. Once a withdrawal is made that causes cumulative withdrawals in a
Contract Year to exceed 5% of the beginning of Contract Year Guaranteed Minimum
Death Benefit, that withdrawal and any subsequent withdrawals in that Contract
Year will cause a pro rata reduction to occur.
GUARANTEED MINIMUM INCOME BENEFIT (SEE SECTION 7.08): You may apply your Annuity
Account Value during the period of time indicated below to purchase a minimum
amount of guaranteed lifetime income under our Income Manager (Life Annuity with
a Period Certain) payout annuity certificate. The Income Manager (Life Annuity
with a Period Certain) payout annuity certificate provides payments during a
period certain with payments continuing for life thereafter.
The period certain is based on your age at the time the Income Manager (Life
Annuity with a Period Certain) is elected. The period certain is 10 years for
ages 60 through 75; 9 years for age 76; 8 years for age 77; and 7 years for ages
78 through 83.
The Guaranteed Minimum Income Benefit is available only if it is exercised
within 30 days following the 7th or later Contract Date anniversary under this
Certificate. However, it may not be exercised earlier than your age 60, nor
later than age 83.
No. 94ICA/B Data page 2 (1/99)
<PAGE>
DATA PAGES (CONT'D)
On the Transaction Date that you exercise your Guaranteed Minimum Income
Benefit, the lifetime income that will be provided under the Income Manager
(Life Annuity with a Period Certain) will be the greater of (i) your Guaranteed
Minimum Income Benefit, and (ii) the amount of income that would be provided by
application of your Annuity Account Value as of the Transaction Date at our then
current annuity purchase factors.
Guaranteed Minimum Income Benefit Benefit Base - The Guaranteed Minimum Income
Benefit benefit base is equal to the initial Contribution on the Contract Date.
Thereafter, the Guaranteed Minimum Income Benefit benefit base is credited with
interest at 5% (3% for amounts in the Alliance Money Market and Alliance
Intermediate Government Securities Funds, and the Guarantee Periods) on each
Contract Date anniversary through your age [80][70], and 0% thereafter, and is
adjusted for any subsequent Contributions and withdrawals. The Guaranteed
Minimum Income Benefit benefit base will also be reduced by any withdrawal
charge remaining on the Transaction Date that you exercise your Guaranteed
Minimum Income Benefit.
Your Guaranteed Minimum Income Benefit benefit base is applied to guaranteed
minimum annuity purchase factors to determine the Guaranteed Minimum Income
Benefit. The guaranteed minimum annuity purchase factors are based on (i)
interest at 2.5% and (ii) mortality tables that assume increasing longevity. See
the attached table.
Your Guaranteed Minimum Income Benefit benefit base does not create an Annuity
Account Value or a Cash Value and is used solely for purposes of calculating
your Guaranteed Minimum Income Benefit.
Your current Guaranteed Minimum Income Benefit benefit base will be reduced on a
dollar-for-dollar basis as long as the sum of your withdrawals in any Contract
Year is 5% or less of the beginning of Contract Year Guaranteed Minimum Death
Benefit (described above). Once a withdrawal is made that causes cumulative
withdrawals in a Contract Year to exceed 5% of the beginning of Contract Year
Guaranteed Minimum Death Benefit, that withdrawal and any subsequent withdrawals
in that Contract Year will cause a pro rata reduction to occur.
No. 94ICA/B Data page 3 (1/99)
<PAGE>
DATA PAGES (CONT'D)
GUARANTEED MINIMUM INCOME BENEFIT
TABLE OF GUARANTEED MINIMUM ANNUITY
PURCHASE FACTORS
FOR INITIAL LEVEL ANNUAL INCOME
SINGLE LIFE-MALE
ELECTION AGE PURCHASE FACTORS
------------ ----------------
60 5.07%
61 5.18
62 5.29
63 5.40
64 5.52
65 5.64
66 5.77
67 5.91
68 6.05
69 6.20
70 6.35
71 6.51
72 6.67
73 6.83
74 7.00
75 7.18
76 7.47
77 7.80
78 8.14
79 8.39
80 8.65
81 8.91
82 9.19
83 9.47
Interest Basis: 2.5% Non-participating
Mortality: 1983 Individual Annuity Mortality Table "a" for Male
projected with modified Scale G.
Factors required for annuity forms not shown in the above table will be
calculated by us on the same actuarial basis.
No. 94ICA/B Data page 4 (1/99)
<PAGE>
EQUITABLE ACCUMULATOR (NQ)
DATA
PART A -- THIS PART LISTS YOUR PERSONAL DATA.
- ------
OWNER: JOHN DOE
ANNUITANT: JOHN DOE Age: 60 Sex: Male
CONTRACT: GROUP ANNUITY CONTRACT NO. AC 6725
CERTIFICATE NUMBER: 00000
ENDORSEMENTS ATTACHED: Minimum Income Benefit Endorsement
Endorsement Applicable to Non-Qualified Certificates
Endorsement Applicable to Market Value Adjustment
Terms
Rider to Endorsement Applicable to Market Value
Adjustment Terms
ISSUE DATE: January 4, 1999
CONTRACT DATE: January 4, 1999
ANNUITY COMMENCEMENT DATE: August 22, 2028
THE MAXIMUM MATURITY AGE IS AGE 90 -- SEE SECTION 7.03. The Annuity
Commencement Date may not be later than the Processing Date which follows
the Annuitant's 90th birthday.
GUARANTEED BENEFITS: Combined Guaranteed Minimum Income Benefit and
Guaranteed Minimum Death Benefit - 5% Roll Up to Age 80
BENEFICIARY: JANE DOE
No. 94ICA/B Data page 1 (1/99)
<PAGE>
EQUITABLE ACCUMULATOR (NQ)
DEATH BENEFIT AMOUNT (SEE SECTION 6.01):
The death benefit is equal to the Annuity Account Value or, if greater, the
Guaranteed Minimum Death Benefit defined below.
Guaranteed Minimum Death Benefit
5% Roll Up to Age 80 - On the Contract Date, the Guaranteed Minimum Death
Benefit is equal to the initial Contribution. Thereafter, the Guaranteed Minimum
Death Benefit is credited with interest at 5% (3% for amounts in the Alliance
Money Market and Alliance Intermediate Government Securities Funds, and the
Guarantee Periods) on each Contract Date anniversary through the Annuitant's age
80 (or at the Annuitant's death, if earlier), and 0% thereafter, and is adjusted
for any subsequent Contributions and withdrawals.
Your current Guaranteed Minimum Death Benefit will be reduced on a
dollar-for-dollar basis as long as the sum of your withdrawals in any Contract
Year is 5% or less of the beginning of Contract Year Guaranteed Minimum Death
Benefit. Once a withdrawal is made that causes cumulative withdrawals in a
Contract Year to exceed 5% of the beginning of Contract Year Guaranteed Minimum
Death Benefit, that withdrawal and any subsequent withdrawals in that Contract
Year will cause a pro rata reduction to occur.
GUARANTEED MINIMUM INCOME BENEFIT (SEE SECTION 7.08): You may apply your Annuity
Account Value during the period of time indicated below to purchase a minimum
amount of guaranteed lifetime income under our Income Manager (Life Annuity with
a Period Certain) payout annuity certificate. The Income Manager (Life Annuity
with a Period Certain) payout annuity certificate provides payments during a
period certain with payments continuing for life thereafter.
The period certain is based on the Annuitant's age at the time the Income
Manager (Life Annuity with a Period Certain) is elected. The period certain is
10 years for Annuitant ages 60 through 80; 9 years for Annuitant age 81; 8 years
for Annuitant age 82; and 7 years for Annuitant age 83.
The Guaranteed Minimum Income Benefit is available only if it is exercised
within 30 days following the 7th or later Contract Date anniversary under this
Certificate. However, it may not be exercised earlier than the Annuitant's age
60, nor later than the Annuitant's age 83.
On the Transaction Date that you exercise your Guaranteed Minimum Income
Benefit, the lifetime income that will be provided under the Income Manager
(Life Annuity with a Period Certain) will be the greater of (i) your Guaranteed
Minimum Income Benefit, and (ii) the amount of income that would be provided by
application of your Annuity Account Value as of the Transaction Date at our then
current annuity purchase factors.
No. 94ICA/B Data page 2 (1/99)
<PAGE>
Guaranteed Minimum Income Benefit Benefit Base - The Guaranteed Minimum Income
Benefit benefit base is equal to the initial Contribution on the Contract Date.
Thereafter, the Guaranteed Minimum Income Benefit benefit base is credited with
interest at 5% (3% for amounts in the Alliance Money Market and Alliance
Intermediate Government Securities Funds, and Guarantee Periods) on each
Contract Date anniversary through the Annuitant's age 80, and 0% thereafter, and
is adjusted for any subsequent Contributions and withdrawals. The Guaranteed
Minimum Income Benefit benefit base will also be reduced by any withdrawal
charge remaining on the Transaction Date that you exercise your Guaranteed
Minimum Income Benefit.
Your Guaranteed Minimum Income Benefit benefit base is applied to guaranteed
minimum annuity purchase factors to determine the Guaranteed Minimum Income
Benefit. The guaranteed minimum annuity purchase factors are based on (i)
interest at 2.5% and (ii) mortality tables that assume increasing longevity. See
the attached table.
Your Guaranteed Minimum Income Benefit benefit base does not create an Annuity
Account Value or a Cash Value and is used solely for purposes of calculating
your Guaranteed Minimum Income Benefit.
Your current Guaranteed Minimum Income Benefit benefit base will be reduced on a
dollar-for-dollar basis as long as the sum of your withdrawals in any Contract
Year is 5% or less of the beginning of Contract Year Guaranteed Minimum Death
Benefit (described above). Once a withdrawal is made that causes cumulative
withdrawals in a Contract Year to exceed 5% of the beginning of Contract Year
Guaranteed Minimum Death Benefit, that withdrawal and any subsequent withdrawals
in that Contract Year will cause a pro rata reduction to occur.
No. 94ICA/B Data page 3 (1/99)
<PAGE>
GUARANTEED MINIMUM INCOME BENEFIT
TABLE OF GUARANTEED MINIMUM ANNUITY
PURCHASE FACTORS
FOR INITIAL LEVEL ANNUAL INCOME
SINGLE LIFE - MALE
ELECTION AGE PURCHASE FACTORS
------------ ----------------
60 5.07%
61 5.18
62 5.29
63 5.40
64 5.52
65 5.64
66 5.77
67 5.91
68 6.05
69 6.20
70 6.35
71 6.51
72 6.67
73 6.83
74 7.00
75 7.18
76 7.36
77 7.55
78 7.74
79 7.93
80 8.13
81 8.53
82 8.98
83 9.47
Interest Basis: 2.5% Non-participating
Mortality: 1983 Individual Annuity Mortality Table "a" for Male
projected with modified Scale G.
Factors required for annuity forms not shown in the above table will be
calculated by us on the same actuarial basis.
No. 94ICA/B Data page 4 (1/99)
<PAGE>
EQUITABLE ACCUMULATOR (QP)
DATA
PART A -- THIS PART LISTS YOUR PERSONAL DATA.
- ------
OWNER: RICHARD ROE AS TRUSTEE FOR THE XYZ QUALIFIED PLAN
ANNUITANT: JOHN DOE Age: 60 Sex: Male
CONTRACT: GROUP ANNUITY CONTRACT NO. AC 6725
CERTIFICATE NUMBER: 00000
ENDORSEMENTS ATTACHED: Minimum Income Benefit Endorsement
Endorsement Applicable to Qualified Plan
Certificates
Endorsement Applicable to Market Value
Adjustment Terms
Rider to Endorsement Applicable to Market Value
Adjustment Terms
ISSUE DATE: January 4, 1999
CONTRACT DATE: January 4, 1999
ANNUITY COMMENCEMENT DATE: August 22, 2028
THE MAXIMUM MATURITY AGE IS AGE 90 -- SEE SECTION 7.03.
The Annuity Commencement Date may not be later than the Processing Date
which follows the Annuitant's 90th birthday.
However, any distribution option under this Certificate must meet any
minimum distribution requirements under Section 401(a)(9) of the Code
which apply after the "Required Beginning Date" which is April 1st
following the calendar year which is generally the later of the year in
which the Annuitant (i) attains age 70 1/2 or (ii) retires from service
of the employer sponsoring the Plan.
GUARANTEED BENEFITS: Combined Guaranteed Minimum Income Benefit and
Guaranteed Minimum Death Benefit - 5% Roll Up
to Age 80
BENEFICIARY: JANE DOE
No. 94ICA/B Data page 1 (1/99)
<PAGE>
Equitable Accumulator (QP)
DEATH BENEFIT AMOUNT (SEE SECTION 6.01):
The death benefit is equal to the Annuity Account Value or, if greater, the
Guaranteed Minimum Death Benefit defined below.
Guaranteed Minimum Death Benefit
5% Roll Up to Age 80 - On the Contract Date, the Guaranteed Minimum Death
Benefit is equal to the initial Contribution. Thereafter, the Guaranteed
Minimum Death Benefit is credited with interest at 5% (3% for amounts in the
Alliance Money Market and Alliance Intermediate Government Securities Funds,
and the Guarantee Periods) on each Contract Date anniversary through the
Annuitant's age 80 (or at the Annuitant's death, if earlier), and 0% thereafter,
and is adjusted for any subsequent Contributions and withdrawals.
The current Guaranteed Minimum Death Benefit will be reduced on a
dollar-for-dollar basis as long as the sum of the withdrawals in any Contract
Year is 5% or less of the beginning of Contract Year Guaranteed Minimum Death
Benefit. Once a withdrawal is made that causes cumulative withdrawals in a
Contract Year to exceed 5% of the beginning of Contract Year Guaranteed Minimum
Death Benefit, that withdrawal and any subsequent withdrawals in that Contract
Year will cause a pro rata reduction to occur.
GUARANTEED MINIMUM INCOME BENEFIT (SEE SECTION 7.08): If the Annuitant has
converted the Certificate to a traditional IRA certificate, the Annuitant may
apply the Annuity Account Value from such IRA certificate during the period of
time indicated below to purchase a minimum amount of guaranteed lifetime income
under our Income Manager (Life Annuity with a Period Certain) payout annuity
certificate. The Income Manager (Life Annuity with a Period Certain) payout
annuity certificate provides payments during a period certain with payments
continuing for life thereafter. The following paragraphs describe the conditions
for exercise of the Guaranteed Minimum Income Benefit under the IRA certificate.
The period certain is based on the Annuitant's age at the time the Income
Manager (Life Annuity with a Period Certain) is elected. The period certain is
10 years for Annuitant ages 60 through 75; 9 years for Annuitant age 76; 8 years
for Annuitant age 77; and 7 years for Annuitant ages 78 through 83.
The Guaranteed Minimum Income Benefit is available only if it is exercised
within 30 days following the 7th or later Contract Date anniversary under this
Certificate. However, it may not be exercised earlier than the Annuitant's age
60, nor later than the Annuitant's age 83.
On the Transaction Date that the Annuitant exercises the Guaranteed Minimum
Income Benefit under the IRA certificate, the lifetime income that will be
provided under the Income Manager (Life Annuity with a Period Certain) will be
the greater of (i) the Guaranteed Minimum Income Benefit, and (ii) the amount of
income that would be provided by application of the Annuity Account Value under
the IRA certificate as of the Transaction Date at our then current annuity
purchase factors.
No. 94ICA/B Data page 2 (1/99)
<PAGE>
Equitable Accumulator (QP)
Guaranteed Minimum Income Benefit Benefit Base - The Guaranteed Minimum Income
Benefit benefit base is equal to the initial Contribution on the Contract Date.
Thereafter, the Guaranteed Minimum Income Benefit benefit base is credited with
interest at 5% (3% for amounts in the Alliance Money Market and Intermediate
Government Securities Funds, and Guarantee Periods) on each Contract Date
anniversary through the Annuitant's age 80, and 0% thereafter, and is adjusted
for any subsequent Contributions and withdrawals. The Guaranteed Minimum Income
Benefit benefit base will also be reduced by any withdrawal charge remaining on
the Transaction Date that the Annuitant exercises the Guaranteed Minimum Income
Benefit.
The Guaranteed Minimum Income Benefit benefit base is applied to guaranteed
minimum annuity purchase factors to determine the Guaranteed Minimum Income
Benefit. The guaranteed minimum annuity purchase factors are based on (i)
interest at 2.5% and (ii) mortality tables that assume increasing longevity.
See the attached table.
The Guaranteed Minimum Income Benefit benefit base does not create an Annuity
Account Value or a Cash Value and is used solely for purposes of calculating
the Guaranteed Minimum Income Benefit.
The current Guaranteed Minimum Income Benefit benefit base will be reduced on a
dollar-for-dollar basis as long as the sum of the withdrawals in any Contract
Year is 5% or less of the beginning of Contract Year Guaranteed Minimum Death
Benefit (described above). Once a withdrawal is made that causes cumulative
withdrawals in a Contract Year to exceed 5% of the beginning of Contract Year
Guaranteed Minimum Death Benefit, that withdrawal and any subsequent withdrawals
in that Contract Year will cause a pro rata reduction to occur.
No. 94ICA/B Data page 3 (1/99)
<PAGE>
Equitable Accumulator (QP)
GUARANTEED MINIMUM INCOME BENEFIT
TABLE OF GUARANTEED MINIMUM ANNUITY
PURCHASE FACTORS FOR A TRADITIONAL IRA CERTIFICATE
FOR INITIAL LEVEL ANNUAL INCOME
SINGLE LIFE - MALE
ELECTION AGE PURCHASE FACTORS
------------ ----------------
60 5.07%
61 5.18
62 5.29
63 5.40
64 5.52
65 5.64
66 5.77
67 5.91
68 6.05
69 6.20
70 6.35
71 6.51
72 6.67
73 6.83
74 7.00
75 7.18
76 7.47
77 7.80
78 8.14
79 8.39
80 8.65
81 8.91
82 9.19
83 9.47
Interest Basis: 2.5% Non-participating
Mortality: 1983 Individual Annuity Mortality Table "a" for
Male projected with modified Scale G.
Factors required for annuity forms not shown in the above table will be
calculated by us on the same actuarial basis.
No. 94ICA/B Data page 4 (1/99)
<PAGE>
EQUITABLE ACCUMULATOR TSA
DATA
PART A -- THIS PART LISTS YOUR PERSONAL DATA.
OWNER: JOHN DOE
ANNUITANT: JOHN DOE Age: 60 Sex: Male
CONTRACT: GROUP ANNUITY CONTRACT NO. AC 6727
CERTIFICATE NUMBER: 00000
ENDORSEMENTS ATTACHED: Minimum Income Benefit Endorsement
Endorsement Applicable to TSA Certificates
Endorsement Applicable to Market Value
Adjustment Terms
Rider to Endorsement Applicable to Market Value
Adjustment Terms
ISSUE DATE: January 4, 1999
CONTRACT DATE: January 4, 1999
ANNUITY COMMENCEMENT DATE: August 22, 2028
THE MAXIMUM MATURITY AGE IS AGE 90 -- SEE SECTION 7.03.
The Annuity Commencement Date may not be later than the Processing Date
which follows your 90th birthday.
However, if you choose a date later than age 70 1/2, distribution of
at least the minimum payments required must commence by April 1 of the
calendar year following the calendar year in which you attain age 70
1/2 except as indicated in item 8 of the Endorsement Applicable to TSA
Certificates.]
GUARANTEED BENEFITS: Combined Guaranteed Minimum Income Benefit and
Guaranteed Minimum Death Benefit - [5% Roll Up to Age 80]
or [5% Roll Up to Age 70]
BENEFICIARY: JANE DOE
No. 94ICA/B Data page 1 (1/99)
<PAGE>
DATA PAGES (CONT'D)
DEATH BENEFIT AMOUNT (SEE SECTION 6.01):
The death benefit is equal to the Annuity Account Value or, if greater, the
Guaranteed Minimum Death Benefit defined below.
Guaranteed Minimum Death Benefit
[5% Roll Up to Age 80 - On the Contract Date, the Guaranteed Minimum Death
Benefit is equal to the initial Contribution. Thereafter, the Guaranteed Minimum
Death Benefit is credited with interest at 5% (3% for amounts in the Alliance
Money Market and Alliance Intermediate Government Securities Funds, the
Guarantee Periods and the loan reserve account) on each Contract Date
anniversary through your age 80 (or at your death, if earlier), and 0%
thereafter, and is adjusted for any subsequent Contributions and withdrawals.]
[5% Roll Up to Age 70 - On the Contract Date, the Guaranteed Minimum Death
Benefit is equal to the initial Contribution. Thereafter, the Guaranteed Minimum
Death Benefit is credited with interest at 5% (3% for amounts in the Alliance
Money Market and Alliance Intermediate Government Securities Funds, the
Guarantee Periods and the loan reserve account) on each Contract Date
anniversary through your age 70 (or at your death, if earlier), and 0%
thereafter, and is adjusted for any subsequent Contributions and withdrawals.
Your current Guaranteed Minimum Death Benefit will be reduced on a
dollar-for-dollar basis as long as the sum of your withdrawals in any Contract
Year is 5% or less of the beginning of Contract Year Guaranteed Minimum Death
Benefit. Once a withdrawal is made that causes cumulative withdrawals in a
Contract Year to exceed 5% of the beginning of Contract Year Guaranteed Minimum
Death Benefit, that withdrawal and any subsequent withdrawals in that Contract
Year will cause a pro rata reduction to occur.
GUARANTEED MINIMUM INCOME BENEFIT (SEE SECTION 7.08): If you have converted the
Certificate to a traditional IRA Certificate, you may apply your Annuity Account
Value during the period of time indicated below to purchase a minimum amount of
guaranteed lifetime income under our Income Manager (Life Annuity with a Period
Certain) payout annuity certificate. The Income Manager (Life Annuity with a
Period Certain) payout annuity certificate provides payments during a period
certain with payments continuing for life thereafter. The following paragraphs
describe the conditions for exercise of the Guaranteed Minimum Income Benefit
under the IRA Certificate.
The period certain is based on your age at the time the Income Manager (Life
Annuity with a Period Certain) is elected. The period certain is 10 years for
ages 60 through 75; 9 years for age 76; 8 years for age 77; and 7 years for ages
78 through 83.
The Guaranteed Minimum Income Benefit is available only if it is exercised
within 30 days following the 7th or later Contract Date anniversary under this
Certificate. However, it may not be exercised earlier than your age 60, nor
later than age 83.
No. 94ICA/B Data page 2 (1/99)
<PAGE>
DATA PAGES (CONT'D)
On the Transaction Date that you exercise your Guaranteed Minimum Income
Benefit, the lifetime income that will be provided under the Income Manager
(Life Annuity with a Period Certain) will be the greater of (i) your Guaranteed
Minimum Income Benefit, and (ii) the amount of income that would be provided by
application of your Annuity Account Value as of the Transaction Date at our then
current annuity purchase factors.
Guaranteed Minimum Income Benefit Benefit Base
The Guaranteed Minimum Income Benefit benefit base is equal to the initial
Contribution on the Contract Date. Thereafter, the Guaranteed Minimum Income
Benefit benefit base is credited with interest at 5% (3% for amounts in the
Alliance Money Market and Alliance Intermediate Government Securities Funds, the
Guarantee Periods and the loan reserve account) on each Contract Date
anniversary through your age [70][80], and 0% thereafter, and is adjusted for
any subsequent Contributions and withdrawals. The Guaranteed Minimum Income
Benefit benefit base will also be reduced by any withdrawal charge remaining on
the Transaction Date that you exercise your Guaranteed Minimum Income Benefit.]
Your Guaranteed Minimum Income Benefit benefit base is applied to guaranteed
minimum annuity purchase factors to determine the Guaranteed Minimum Income
Benefit. The guaranteed minimum annuity purchase factors are based on (i)
interest at 2.5% and (ii) mortality tables that assume increasing longevity. See
the attached table.
Your Guaranteed Minimum Income Benefit benefit base does not create an Annuity
Account Value or a Cash Value and is used solely for purposes of calculating
your Guaranteed Minimum Income Benefit.
Your current Guaranteed Minimum Income Benefit benefit base will be reduced on a
dollar-for-dollar basis as long as the sum of your withdrawals in any Contract
Year is 5% or less of the beginning of Contract Year Guaranteed Minimum Death
Benefit (described above). Once a withdrawal is made that causes cumulative
withdrawals in a Contract Year to exceed 5% of the beginning of Contract Year
Guaranteed Minimum Death Benefit, that withdrawal and any subsequent withdrawals
in that Contract Year will cause a pro rata reduction to occur.
No. 94ICA/B Data page 3 (1/99)
<PAGE>
DATA PAGES (CONT'D)
GUARANTEED MINIMUM INCOME BENEFIT
TABLE OF GUARANTEED MINIMUM ANNUITY
PURCHASE FACTORS FOR A TRADITIONAL IRA CERTIFICATE
FOR INITIAL LEVEL ANNUAL INCOME
SINGLE LIFE - MALE
ELECTION AGE PURCHASE FACTORS
------------ ----------------
60 5.07%
61 5.18
62 5.29
63 5.40
64 5.52
65 5.64
66 5.77
67 5.91
68 6.05
69 6.20
70 6.35
71 6.51
72 6.67
73 6.83
74 7.00
75 7.18
76 7.47
77 7.80
78 8.14
79 8.39
80 8.65
81 8.91
82 9.19
83 9.47
Interest Basis: 2.5% Non-participating
Mortality: 1983 Individual Annuity Mortality Table "a" for Male
projected with modified Scale G.
Factors required for annuity forms not shown in the above table will be
calculated by us on the same actuarial basis.
No. 94ICA/B Data page 4 (1/99)
<TABLE>
<S> <C>
Equitable AccumulatorSM
[Equitable Logo] Combination Variable and Fixed Deferred Annuity
Enrollment Form under Group Annuity Contract
No. AC6725 (Non-Qualified), AC6727 (Qualified)
and Application for Individual Contract
The Equitable Life Assurance Society of The United States
1290 Avenue of the Americas, New York, New York 10104 For Assistance Call (800) 789-7771
- ------------------------------------------------------------------------------------------------------------------------------------
1. TYPE OF CONTRACT Subject to State Availability
|_| Non-Qualified (NQ) |_| Traditional IRA |_| Roth IRA
|_| Qualified Plan - Defined Contribution (DC) |_| Qualified Plan - Defined Benefit (DB)
|_| Tax Sheltered Annuity (TSA) - ERISA |_| Tax Sheltered Annuity (TSA) - Non-ERISA
2. OWNER For IRA Certificates/Contracts, owner and Annuitant must be the same person
|_| Individual |_| Trustee (for an individual) |_| Custodian*
|_| Qualified Plan Trustee - DC (Forms IM-97-ERISA 1 and IM-97-QP must be completed)
|_| Qualified Plan Trustee - DB (Forms IM-97-ERISA 2 and IM-97-QP must be completed)
|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_| __________/__________/_________
Name (First, Middle, Last) Date of Birth (Month/Day/Year)
|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_| __________-__________-_________
Address (Street, City, State, Zip Code) Social Security No./TIN
|_|_|_|_|_|_|_|_|_|_| |_|_|_|_|_|_|_|_|_|_| |_| Male |_| Female
Home Phone Number Office Phone Number
*As Custodian under the ________ (state) Uniform Gifts to Minors Act (UGMA) or Uniform Transfer to Minors Act (UTMA). Please note
if issued under UGMA or UTMA, the beneficiary named in section 5 must be the Estate of the Annuitant.
3. JOINT OWNER (Optional for NQ Certificates/Contracts)
|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_| __________/__________/_________
Name (First, Middle, Last) Date of Birth (Month/Day/Year)
|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_| __________-__________-_________
Address (Street, City, State, Zip Code) Social Security No.
|_|_|_|_|_|_|_|_|_|_| |_|_|_|_|_|_|_|_|_|_| |_| Male |_| Female
Home Phone Number Office Phone Number
4. ANNUITANT If other than Owner
|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_| __________/__________/_________
Name (First, Middle, Last) Date of Birth (Month/Day/Year)
|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_| __________-__________-_________
Address (Street, City, State, Zip Code) Social Security No.
|_|_|_|_|_|_|_|_|_|_| |_|_|_|_|_|_|_|_|_|_| |_|_|_|_|_|_|_|_|_|_| |_| Male |_| Female
Home Phone Number Office Phone Number Relationship to Owner
5. BENEFICIARY(IES) If more than one - indicate %. Total must equal 100%. If additional space is needed use Section 12.
Primary
|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_| |_|_|_|_|_|_|_|_|_|_|_|_|_| |_|_|_|
Name (First, Middle, Last) Relationship to Annuitant %
|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_| |_|_|_|_|_|_|_|_|_|_|_|_|_| |_|_|_|
Name (First, Middle, Last) Relationship to Annuitant %
Contingent
|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_| |_|_|_|_|_|_|_|_|_|_|_|_|_| |_|_|_|
Name (First, Middle, Last) Relationship to Annuitant %
|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_| |_|_|_|_|_|_|_|_|_|_|_|_|_| |_|_|_|
Name (First, Middle, Last) Relationship to Annuitant %
- ------------------------------------------------------------------------------------------------------------------------------------
REGULAR MAIL: EQUITABLE ACCUMULATOR, EXPRESS MAIL: EQUITABLE ACCUMULATOR,
P.O. Box 1547, c/o First Chicago National Processing Center,
Secaucus, N.J. 07096-1547 300 Harmon Meadow Boulevard, 3rd Floor, Attn:. Box 13014,
Secaucus, N.J. 07094
No. 126737 (1/99) ACCUMULATOR page 1
</TABLE>
<PAGE>
6. INITIAL CONTRIBUTION INFORMATION
TOTAL INITIAL CONTRIBUTION: $______________________
7. METHOD OF PAYMENT
NQ: |_| Check payable to Equitable Life |_| Wire |_| 1035 Exchange
QUALIFIED PLAN: |_| Check payable to Equitable Life |_| Wire
TRADITIONAL IRA: |_| Direct rollover from qualified plan or TSA
|_| Direct transfer from other Traditional IRA
|_| Rollover from Traditional IRA
ROTH IRA: |_| Conversion rollover from Traditional IRA
|_| Direct transfer from other Roth IRA
|_| Rollover from Roth IRA
TSA: |_| Direct 90-24 transfer from another carrier*
|_| Rollover by check**
|_| Direct rollover from another carrier*
* If this is an inbound direct transfer or direct rollover, you must also
complete the TSA Transfer/Rollover Form (No. 127760).
** If this is a rollover by check, your signature on this enrollment form/
application certifies that this is an eligible rollover distribution
from another TSA or 403(b) custodial account.
8. baseBUILDER(R) GUARANTEE ELECTION You must answer A and B even if you do not
elect baseBUILDER. Please refer to enrollment form/application instructions
before completing
A. Would you like to elect the baseBUILDER which includes a combined
Guaranteed Minimum Income Benefit and Guaranteed Minimum Death Benefit?
|_| Yes |_| No
B. Which Guaranteed Minimum Death Benefit would you like to elect?
|_| 5% Roll Up to Age 80 |_| Annual Ratchet to Age 80
|_| 5% Roll Up to Age 70 (For Traditional IRAs and TSAs, if baseBUILDER is
elected for issue ages 20 through 60)
9. SYSTEMATIC WITHDRAWALS (Optional) Not available for TSA
Certificates/Contracts or if Special Dollar Cost Averaging is elected. For
IRA Certificates/Contracts, available only if you are age 59 1/2 to 70 1/2.
Other withdrawal options are available for IRA and TSA
Certificates/Contracts.
FREQUENCY: |_| Monthly |_| Quarterly |_| Annually
Start Date: ________________ (Month, Day)
AMOUNT OF WITHDRAWAL $_______________ or _______________%
WITHOLDING ELECTION INFORMATION (Please refer to enrollment form/application
instructions before completing)
A. |_| I do not want to have Federal income tax withheld. (U.S. residence
address and Social Security No./TIN required)
B. |_| I want to have Federal income tax withheld from each payment.
10. SUCCESSOR OWNER (Optional for NQ/Contracts) Available only if the Owner and
Annuitant are different persons
<TABLE>
<S> <C> <C>
|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_| __________/__________/_________ |_| Male |_| Female
Name (First, Middle, Last) Date of Birth (Month/Day/Year)
|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_|_| __________-__________-_________
Address (Street, City, State, Zip Code) Social Security No./TIN
</TABLE>
11. SUITABILITY
A. Did you receive the EQUITABLE ACCUMULATOR prospectus? |_| Yes |_| No
- --------------------------- ------------------------------------------
Date of Prospectus Date(s) of any Supplement(s) to Prospectus
B. Will any existing life insurance or annuity be (or has it been)
surrendered, withdrawn from, loaned against, changed or otherwise reduced
in value, or replaced in connection with this transaction assuming the
Certificate/Contract applied for will be issued? |_| Yes |_| No
If Yes, complete the following:
- ----------- ----------- ---------- ---------------------------
Year Issued Type of Plan Company Certificate/Contract Number
C. National Association of Securities Dealers, Inc. (NASD) information
(as required by the NASD)
- ------------------------------------- -------------------
Employer's Name & Address Owner's Occupation
- ------------------------------------- -------------------
Estimated Annual Family Income Estimated Net Worth
Investment Objective: |_| Income |_| Income & Growth |_| Growth
|_| Aggressive Growth |_| Safety of Principal
Is Owner or Annuitant associated with or employed by a member of the NASD?
|_| Yes |_| No
12. SPECIAL INSTRUCTIONS
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
No. 126737 (1/99) ACCUMULATOR page 2
<PAGE>
13. ALLOCATION AMONG INVESTMENT OPTIONS Choose A, B or C
Please refer to enrollment form/application instructions
before completing
<TABLE>
<CAPTION>
(1) GUARANTEE PERIODS (GIROS)
--------------------------------------- ------------------------
<S> <C> <C>
A. |_| SELF-DIRECTED ALLOCATION (105) February 15, 2000........__________%
Allocate initial contribution between (106) February 15, 2001........__________%
"(1) GUARANTEE PERIODS" and (107) February 15, 2002........__________%
"(2) INVESTMENT FUNDS." The (108) February 15, 2003........__________%
total of (1) and (2) must equal 100%. (109) February 15, 2004........__________%
--------------------------------------- (110) February 15, 2005........__________%
---------------------------------------
B. |_| PRINCIPAL ASSURANCE (111) February 15, 2006........__________%
Under Principal Assurance, an (112) February 15, 2007........__________%
amount is allocated to a Guarantee (113) February 15, 2008........__________%
Period so that its maturity value (114) February 15, 2009........__________%
will equal the initial contribution SUBTOTAL............_________% (1)
in the year selected. (2) INVESTMENT FUNDS
----------------
EQUITY SERIES:
SELECT MATURITY YEAR: DOMESTIC EQUITY
|_| 2006 |_| 2007 |_| 2008 |_| (604) Alliance Common Stock......................___________%
2009
(603) Alliance Growth & Income...................___________%
Allocate the remaining amount of (613) BT Equity 500 Index........................___________%
the initial contribution only to (616) EQ/Putnam Growth & Income Value............___________%
"(2) INVESTMENT FUNDS." (618) MFS Research...............................___________%
The total must equal 100%. (620) Merrill Lynch Basic Value Equity...........___________%
--------------------------------------- (623) T. Rowe Price Equity Income................___________%
---------------------------------------
C. |_| SPECIAL DOLLAR COST INTERNATIONAL EQUITY
AVERAGING (605) Alliance Global............................___________%
The initial contribution is allocated (609) Alliance International.....................___________%
to the Special Dollar Cost Averaging (614) BT International Equity Index..............___________%
Account and will be credited with (622) Morgan Stanley Emerging Markets Equity.....___________%
interest at the rate in effect on the (624) T. Rowe Price International Stock..........___________%
Transaction Date. Thereafter, AGGRESIVE EQUITY:
amounts are transferred monthly (606) Alliance Aggressive Stock..................___________%
over a twelve month period from (612) Alliance Small Cap Growth..................___________%
the Special Dollar Cost Averaging (615) BT Small Company Index.....................___________%
Account to the Investment Funds (619) MFS Emerging Growth Companies..............___________%
based on the percentages you indicate (625) Warburg Pincus Small Company Value.........___________%
under "(2) INVESTMENT FUNDS." ASSET ALLOCATION SERIES:
In states where the Special Dollar (601) Alliance Conservative Investors............___________%
Cost Averaging Account is currently (602) Alliance Growth Investors..................___________%
not available, the initial (617) EQ/Putnam Balanced.........................___________%
contribution is allocated to the (621) Merrill Lynch World Strategy...............___________%
Alliance Money Market Fund and Fixed Income Series:
transferred monthly to the other
Investment Funds you have selected. AGGRESSIVE FIXED INCOME
(610) Alliance High Yield........................___________%
The total percentage must equal DOMESTIC FIXED INCOME
100%. (608) Alliance Intermediate Gov't. Securities....___________%
-------------------------------------- (607) Alliance Money Market......................___________%
SUBTOTAL...........__________% (2)
TOTAL......... 100%.
</TABLE>
- --------------------------------------------------------------------------------
|_| REBALANCING* The allocation among the Investment Funds will be
periodically re-adjusted according to the allocation percentages you
indicate above. SELECT REBALANCING FREQUENCY: |_| Quarterly |_|
Semi-Annually |_| Annually *This program may not be elected if you
choose Special Dollar Cost Averaging.
- --------------------------------------------------------------------------------
No. 126737 (1/99) ACCUMULATOR page 3
<PAGE>
14. AGREEMENT
All information and statements furnished in this enrollment form/application are
true and complete to the best of my knowledge and belief. I understand and
acknowledge that no agent has the authority to make or modify any
Certificate/Contract on behalf of Equitable Life, or to waive or alter any of
Equitable Life's rights and regulations. I understand that the Annuity Account
Value attributable to allocations to the Investment Funds and variable annuity
benefit payments, if a variable settlement option has been elected, may increase
or decrease and are not guaranteed as to dollar amount. I understand that
amounts allocated to the Guaranteed Period Account may increase or decrease in
accordance with a market value adjustment until the Expiration Date. If I have
elected the baseBUILDER, I understand that (1) the interest rate used for
baseBUILDER does not represent a guarantee of my Annuity Account Value or cash
value, and (2) if I subsequently exercise the baseBUILDER Guaranteed Minimum
Income Benefit, it must be in the form of a lifetime income. Equitable Life may
accept amendments to this enrollment form/application provided by me or under my
authority. I understand that any change in benefits applied for or age at issue
must be agreed to in writing on an amendment.
<TABLE>
<S> <C> <C>
X
____________________________________________________________ ______________________________ _______________________________
Proposed Annuitant's Signature Date Signed at: City, State
X
____________________________________________________________ ______________________________ _______________________________
Proposed Owner's Signature (If other than Annuitant) Date Signed at: City, State
X
____________________________________________________________ ______________________________ _______________________________
Proposed Joint Owner's Signature (If other than Annuitant) Date Signed at: City, State
</TABLE>
(NEW YORK, OREGON AND VIRGINIA RESIDENTS READ THE ABOVE AND SIGN ABOVE,
ALL OTHER RESIDENTS READ THE ABOVE AND SIGN BELOW.)
ARKANSAS/KENTUCKY/NEW MEXICO: Any person who knowingly and with intent to
defraud any insurance company or other person files an enrollment form for
insurance or statement of claim containing any materially false information or
conceals for the purpose of misleading, information concerning any fact material
thereto commits a fraudulent insurance act, which is a crime and subjects such
person to criminal and civil penalties.
COLORADO: It is unlawful to knowingly provide false, incomplete, or misleading
facts or information to an insurance company for the purpose of defrauding or
attempting to defraud the company. Penalties may include imprisonment, fines,
denial of insurance, and civil damages. Any insurance company or agent of an
insurance company who knowingly provides false, incomplete or misleading facts
or information to a contractowner or claimant for the purpose of defrauding or
attempting to defraud the contract owner or claimant with regard to a settlement
or award payable from insurance proceeds shall be reported to the Colorado
Division of Insurance within the Department of Regulatory Agencies.
FLORDIA: Any person who knowingly and with intent to injure, defraud or deceive
an insurer files a statement of claim or an application containing any false,
incomplete, or misleading information is guilty of a felony of the third degree.
Equitable Life is a wholly owned subsidiary of The Equitable Companies
Incorporated (EQ). AXA-UAP, an insurance holding company, is EQ's largest
shareholder. Neither EQ nor AXA-UAP has any responsibility for the insurance
obligations of Equitable Life.
NEW JERSEY: Any person who knowingly files a statement of claim containing any
false or misleading information is subject to criminal and civil penalties.
OHIO: Any person who, with intent to defraud or knowing that he is facilitating
a fraud against an insurer, submits an enrollment form or files a claim
containing a false or deceptive statement is guilty of insurance fraud.
ALL OTHER STATES: Any person who knowingly and with intent to defraud any
insurance company files an enrollment form/application or statement of claim
containing any materially false, misleading or incomplete information is guilty
of a crime which may be punishable under state or Federal law.
<TABLE>
<S> <C> <C>
X
____________________________________________________________ ______________________________ _______________________________
Proposed Annuitant's Signature Date Signed at: City, State
X
____________________________________________________________ ______________________________ _______________________________
Proposed Owner's Signature (If other than Annuitant) Date Signed at: City, State
X
____________________________________________________________ ______________________________ _______________________________
Proposed Joint Owner's Signature (If other than Annuitant) Date Signed at: City, State
</TABLE>
Do you have reason to believe that any existing life insurance or annuity has
been (or will be) surrendered, withdrawn from, loaned against, changed or
otherwise reduced in value, or replaced in connection with this transaction
assuming the Certificate/Contract applied for will be issued on the life of the
Annuitant? |_| Yes |_| No
Florida License ID No(s). ________________________________________
<TABLE>
<S> <C>
1) ___________________________________________________________________________________________________________________________
Agent Signature Print Name & No. of Agent
___________________________________________________________________________________________________________________________
Agent Soc. Sec. No. Agency Code %
2) ___________________________________________________________________________________________________________________________
Agent Signature Print Name & No. of Agent
1) ___________________________________________________________________________________________________________________________
Agent Soc. Sec. No. Agency Code %
</TABLE>
No. 126737 (1/99) ACCUMULATOR Page 4
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the use in the Statement of Additional Information
constituting part of this Post-Effective Amendment No. 11 to the Registration
Statement No. 33-83750 on Form N-4 (the "Registration Statement") of (1) our
report dated February 10, 1998 relating to the financial statements of Separate
Account No. 45 of The Equitable Life Assurance Society of the United States for
the year ended December 31, 1997, and (2) our report dated February 10, 1998
relating to the consolidated financial statements of The Equitable Life
Assurance Society of the United States for the year ended December 31, 1997,
which reports appear in such Statement of Additional Information, and to the
incorporation by reference of our reports into the Prospectus which constitutes
part of this Registration Statement. We also consent to the incorporation by
reference of our report on the Consolidated Financial Statement Schedules dated
February 10, 1998 which appears on page F-54 of such Annual Report on Form 10-K.
We also consent to the reference to us under the heading "Custodian and
Independent Accountants" in the Statement of Additional Information and
"Independent Accountants" in the Prospectus.
/s/ PricewaterhouseCoopers LLP
- -------------------------
PricewaterhouseCoopers LLP
New York, New York
November 30, 1998
