Equitable Life

1954 – AD – Adjustable Whole Life – Equitable Life Assurance Society of the U.S. – [link]

1990 1027 – The Guardian – Which Company would you buy your Pension from? – [Ad] – newspapers.com/article/the-guardian/140193663/
1990 1128 – NYT – Equitable Life Denies Rumors – [link]
1997 – SOA – Own the problem: That’s Where to Start, says Actuary Turned Exec, Society of Actuaries – 3p

2003 – Florida Insurance Commission – Equitable Life – Consent Order 42175 – 30
- Vanishing Premium,
2009 – SOA – Inequitable Life, isn-2009-iss47-cammidge – Society of Actuaries – 5p
2012 – Presentation – The End of the Equitable, by Shauna Ferris – 57p
2008 0716 – House of Commons – Equitable Life: a decade of regulatory failure, HC 815-I, Part one: main report – 433p

Equitable Life Insurance was accused of misleading and cheating customers.
This was a situation of the so-called vanishing premium cases in the 1980s.
- They sold policies when interest rates were high.
- They told customers as soon as the interest rates went down their premiums would be lower.
  - That was not true.
- Class action lawsuits were filed in Pennsylvania and Arizona state courts, and Equitable settled the suits for $20 million helping over 130,000 people.
- However, because the insurance company was based in another state, under this legislation, the case would have been removed to federal court and these people harmed between 1984-1996 would still be waiting for justice. (S1150)

— Harry Reid (D-NV)

2005 0209 – GOV (Senate) – Senate Session
- 2005 0209 – Congressional Record – [PDF-70p]
- [VIDEO-CSPAN]
- Class Actions, KB Toys (Deceptive Pricing Practices – 05:28:00 – Hatch), Coca Cola (Apple Juice – 05:29:00)

The Equitable Companies Incorporated and senior executive vice president and CFO of The Equitable Life Assurance Society of the United States, The Equitable’s principal insurance subsidiary.

1997 – SOA – Own the Problem: That’s Where to Start, says Actuary Turned Exec, Society of Actuaries – 3p