Media Contacts:

New York

Marcia Tierney
AXA Financial
(212) 314-3731
Marcia.Tierney@axa-financial.com

Equitable Redesigns Universal Life
and Survivorship Universal Life Products

New York, N.Y. - The Equitable Life Assurance Society of the U.S. - a wholly-owned subsidiary of AXA Financial, Inc. - has redesigned its Universal Life (UL) and Survivorship Universal Life (SUL) product portfolio in most states by enhancing certain features and benefits. The new products include No Lapse Guarantee to Age 100 with no charge. The announcement was made by Deanna Mulligan, executive vice president, Product and Market Management Group. Like other universal life policies, the Equitable Universal Life II and Equitable Survivorship Universal Life II offer clients the ability to tailor premium payments to meet their cash flow. Key UL II/SUL II enhancements include:

• a new business interest rate of 6% as of June 28, 2002 (guaranteed to never be less than 4%*);
• a no-lapse guaranteed death benefit to age 100 if certain conditions are met; and
• interest rate bonuses (not guaranteed) depending on the number of years a policy has been owned.

"The Equitable UL II and SUL II enhancements are attractive for clients who want a guaranteed death benefit at a relatively low cost," stated Ms. Mulligan. "These new products provide beneficiaries with a death benefit that can be used to pay estate taxes, purchase a share of a business, or allow family members' current lifestyles to remain constant." Financial products issued by The Equitable Life Assurance Society of the U.S. are distributed through AXA Distributors, LLC and AXA Advisors, LLC - both wholly-owned subsidiaries of AXA Financial, Inc. AXA Distributors is dedicated to the distribution of the company's innovative line of variable life and variable annuities products through financial intermediaries such as banks, wirehouses and broker/dealers. AXA Advisors is a leading provider of financial products and services for consumers and businesses, working with clients to define and to help them meet their financial goals.

AXA Financial, Inc., with approximately $480.9 billion in assets under management as of December 31, 2001, is one of the world's premier financial services organizations through its strong brands: The Equitable Life Assurance Society of the U.S., AXA Advisors, LLC, Alliance Capital Management L.P., Sanford C. Bernstein & Co., and its premier wholesale distribution organization, AXA Distributors. AXA Financial is a member of the global AXA Group, a worldwide leader in financial protection and wealth management. AXA's operations are diverse geographically, with major operations in Western Europe, North America and the Asia/Pacific region. AXA had $802 billion in assets under management as of December 31, 2001 and reported revenues of approximately $67 billion for the full year 2001. Equitable Universal Life and Survivorship Universal Life are issued by The Equitable Life Assurance Society of the United States (Equitable) and distributed by AXA Distributors, or AXA Advisors, LLC, New York, NY 10104, (212) 314-4600. *All guarantees are based on the claims-paying ability of Equitable. May not be available in all jurisdictions. Please call your financial professional for more information.