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] -
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, 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