Other Questions

If your policy has accrued cash value, you may obtain a policy loan up to your policy's loan value, as defined in the policy. The loan interest rate is also shown in the policy. Interest will accrue daily and will be due the end of each Policy year. Interest not paid when due will be added to the amount of the loan and will itself bear interest. Outstanding loans and policy loan interest may be repaid at any time.

If you wish to place a loan against your policy, please complete the Policy Loan, Surrender or Nonforfeiture Request Form and either mail or fax it to us. Requirements may vary slightly depending on your particular plan. Please refer to your actual policy for exact requirements.

If a policy loan remains outstanding, the amount of the loan plus any interest will reduce the death benefit. The policy will terminate if all outstanding policy loans and interest exceed the cash value.

If your policy has accrued cash value, you may choose the Paid-Up Option under the Nonforfeiture provisions of your policy.

To place a policy on Paid-up insurance, please complete the Policy Loan, Surrender or Nonforfeiture Request Form.

Request Form and either mail or fax it to us. The amount of coverage will be that which the Cash Surrender Value, less any indebtedness, will provide when applied as a net single premium at the insured's attained Age on the due date of the unpaid premium.

If your policy has accrued cash value and this option is available under your policy, you may elect the Extended Term Option under the non-forfeiture provisions of your policy. Cash value is used, less any indebtedness, to advance the due date as far as possible. The policy is then considered to be term insurance, with no accrual of cash value, until the expiration date. No future premiums are required.

To place a policy on Extended Term insurance, please complete the Policy Loan, Surrender or Nonforfeiture Request Form and either mail or fax it to us.

Depending on the plan and the option selected by the policyowner, if premium is not paid under a life insurance policy that has accrued cash value, the policy may be automatically placed on paid-up insurance, extended term or a premium loan placed against the policy.

If for any reason you are not able to reach your agent directly and require assistance, please do not hesitate to contact us. We will make every effort to connect you with your local representative or be happy to assist you personally.

If you are considering replacing your Equitable policy with another insurance policy, we would encourage you to consider this important decision carefully. Perhaps we can suggest coverage changes to your existing policy comparable to what is being proposed under a new policy. For many reasons a policy change may not be in your best interest. Before making your decision, please contact your Professional Equitable agent or a Policyowner Service Representative, at our home office. You may call us toll free at 1 800 352-5170 or email us.

The Omnibus Budget Reconciliation Act of 1990 gave policyowners the ability to suspend Medicare supplement insurance premiums and benefits for up to 24 months. You must request suspension within 90 days after becoming eligible for Medicaid. The suspension takes effect as of the date of Medicaid eligibility and premium paid beyond that date is refunded. If you lose Medicaid eligibility within 24 months, you may request automatic reinstatement of your policy as long as the request comes within 90 days after Medicaid eligibility expires.

This is a commercial message from Equitable Life & Casualty Insurance Company, a private insurance company which is not connected with or endorsed by the United States Government or the federal Medicare program.

If you are thinking about surrendering your life insurance policy for the cash value we encourage you to consider this decision carefully. It may not be in your best interest.

As an alternative you may wish to consider placing a loan against your policy. With a policy loan, you can receive your cash value and retain your life insurance protection. Although your death benefit is reduced by the amount of your loan, you can pay back your loan over time. If you decide to place a loan you will be required to pay interest on the loan at the rate shown in your policy.

Other options which may be available to you include reduced paid-up insurance, extended term insurance or a premium loan.

If you choose to surrender your policy, the policy "owner" and "irrevocable beneficiary" if applicable, must complete the Policy Loan, Surrender or Nonforfeiture Request Form and return it to us.

To report a death, please refer to the appropriate explanation:

• Owner of a life insurance policy passes away. We must change ownership and control to a new owner, usually the insured. The executor of the owner's estate must complete and sign an application for contract change. (See "Change of Ownership Form" under the section titled "Requests and Changes".)


• Insured under a life insurance policy passes away. Please submit the death certificate of the policy holder for us to consider payment for this claim.


• Insured passes away under an individual policy. As soon as possible, please provide the date of passing to your Professional Equitable Agent or a Policyowner Service Representative. The policy will be cancelled as of the date of death. Unearned premium, if applicable, will be payable to the Insured's estate.


• Insured passes away under a joint policy. As soon as possible, please provide the date of passing to your Professional Equitable Agent or a Policyowner Service Representative. The deceased insured's coverage will be cancelled and premiums will be re-calculated for the surviving insured. Unearned premium, if applicable, is payable to the surviving insured.