Acquired Investment Option

(no longer available for investment)

Each series of the contract provides for different withdrawal charge periods and percentages.

Series B—If you surrender your contract, apply your cash value to a non-life contingent annuity payment option, or withdraw money from Series B of the contract within 7 years following your last contribution, you will be assessed a withdrawal charge of up to 7% of contributions withdrawn. For example, if you make a withdrawal in the first year, you could pay a withdrawal charge of up to $7,000 on a $100,000 investment.

Series CP^®—If you surrender your contract, apply your cash value to a non-life contingent annuity payment option, or withdraw money from Series CP^® of the contract within 9 years following your last contribution, you will be assessed a withdrawal charge of up to 8% of contributions withdrawn. For example, if you make a withdrawal in the first year, you could pay a withdrawal charge of up to $8,000 on a $100,000 investment.

Series L—If you surrender your contract, apply your cash value to a non-life contingent annuity payment option, or withdraw money from Series L of the contract within 4 years following your last contribution, you will be assessed a withdrawal charge of up to 8% of contributions withdrawn. For example, if you make a withdrawal in the first year, you could pay a withdrawal charge of up to $8,000 on a $100,000 investment.

For additional information about charges for surrenders and early withdrawals see “Withdrawal charge” in “Charges and expenses” in the Prospectus.

In addition to withdrawal charges, you may also be charged for other transactions (for special requests such as wire transfers, express mail, duplicate contracts, preparing checks, third-party transfers or exchanges, or when you transfer between investment options in excess a certain number).

For additional information about transaction charges see “Charges that the Company deducts” in “Charges and expenses” in the Prospectus.

Each series of the contract provides for different ongoing fees and expenses. The table below describes the fees and expenses that you may pay each year under the contract, depending on the options you choose. Please refer to your contract specifications page for information about the specific fees you will pay each year based on the options you have elected

2.04%

(1)  Expressed as an annual percentage of daily net assets in the variable investment options.

(2)  Expressed as an annual percentage of daily net assets in the Portfolio. This range is for the year ended December 31, 2020 and could change from year to year.

(3)  Expressed as an annual percentage of the applicable benefit base.

Because your contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your contract, the following table shows the lowest and highest cost you could pay each year, based on current charges. This estimate assumes no credits and that you do not take withdrawals from the contract or make any other transactions, which could add withdrawal charges that substantially increase costs.

Assumes:

•   Investment of $100,000

•   5% annual appreciation

•   Least expensive combination of contract series and Portfolio fees and expenses

•   No optional benefits

•   No sales charges

•   No additional contributions, transfers or withdrawals

Assumes:

•   Investment of $100,000

•   5% annual appreciation

•   Most expensive combination of contract series (Series CP^®), optional benefits (GMIB and "Greater of" death benefit) and Portfolio fees and expenses

•   No sales charges

•   No additional contributions, transfers or withdrawals

The contract is subject to the risk of loss. You could lose some or all of your account value.

For additional information about the risk of loss see “Principal risks of investing in the Contract” in the Prospectus.

The contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash because the contract is designed to provide for the accumulation of retirement savings and income on a long-term basis. As such, you should not use the contract as a short-term investment or savings vehicle. A withdrawal charge may apply in certain circumstances and any withdrawals may also be subject to federal and state income taxes and tax penalties.

For additional information about the investment profile of the contract see “Fee Table” in the Prospectus.

An investment in the contract is subject to the risk of poor investment performance and can vary depending on the performance of the variable investment options available under the contract, (e.g., the Portfolios). Each investment option, including the guaranteed interest option, has its own unique risks. You should review the investment options available under the contract before making an investment decision.

For additional information about the risks associated with investment options see “Variable investment options”, “Guaranteed interest option” and “Portfolios of the Trusts” in "Purchasing the Contract" in the Prospectus. See also Appendix "Portfolio Companies available under the contract" in the Prospectus.

An investment in the contract is subject to the risks related to the Company. The Company is solely responsible to the contract owner for the contract’s account value and the Guaranteed benefits. The general obligations, including the guaranteed interest option, and any Guaranteed benefits under the contract are supported by our general account and are subject to our claims paying ability. An owner should look solely to our financial strength for our claims-paying ability. More information about the Company, including our financial strength ratings, may be obtained at www.equitable.com/selling-life-insurance/financial-strength-ratings.

For additional information about insurance company risks see “About the general account” in “More information” in the Prospectus.

We may, at any time, exercise our rights to limit or terminate your contributions, allocations and transfers to any of the variable investment options (including the Protected Benefit account variable investment options) and to limit the number of variable investment options which you may select. Such rights include, among others, combining any two or more variable investment options and transferring account value from any variable investment option to another variable investment option.

Credits under Series CP^® contracts may be recaptured upon free look, annuitization, and death.

There are restrictions regarding investment options if Guaranteed benefits are elected, limits on contributions and transfers into and out of the guaranteed interest option, and restrictions or limitations with Special DCA programs. See "Allocating your contributions" in "Purchasing the Contract" and "Transferring your account value" in "Transferring your money among investment options" in the Prospectus for more information.

For more information see “About Separate Account No. 70” in “More information” in the Prospectus.

Currently, we do not charge for transfers among investment options under the contract. However, we reserve the right to charge for any transfers in excess of 12 per contract year. We will provide you with advance notice if we decide to assess the transfer charge, which will never exceed $35 per transfer.

For additional information about the investment options, including information regarding volatility management strategies and techniques, see “Transfer charge” in “Charges and expenses” and “Portfolios of the Trusts” in "Purchasing the Contract" in the Prospectus.

At any time, we have the right to limit or terminate your contributions, allocations and transfers to any of the variable investment options. If you have one or more Guaranteed benefits (which are also known as optional benefits) and we exercise our right to discontinue the acceptance of, and/or place additional limitations on, contributions to the contract and/or contributions and/ or transfers into the Protected Benefit account variable investment options, you may no longer be able to fund your Guaranteed benefit(s).

Investment options are limited if Guaranteed benefits are elected. Withdrawals that exceed limits specified by the terms of an optional benefit may affect the availability of the benefits by reducing the benefit by an amount greater than the value withdrawn, and/or could terminate the benefit.

For additional information about the optional benefits see “How you can purchase and contribute to your contract” in "Purchasing the Contract" in the Prospectus. See also "Death Benefits" and "Living Benefits" in "Benefits available under the contract" in the Prospectus.

You should consult with a tax professional to determine the tax implications of an investment in, and payments received under, the contract. There is no additional tax benefit to you if the contract is purchased through a tax-qualified plan or individual retirement account (IRA). Withdrawals will be subject to ordinary income tax and may be subject to tax penalties. Generally, you are not taxed until you make a withdrawal from the contract.

For additional information about tax implications see “Tax information” in the Prospectus.

Some financial professionals may receive compensation for selling the contract to you, both in the form of commissions or in the form of contribution-based compensation. Financial professionals may also receive additional compensation for enhanced marketing opportunities and other services (commonly referred to as “marketing allowances”). This conflict of interest may influence the financial professional to recommend this contract over another investment.

For additional information about compensation to financial professionals see “Distribution of the contracts” in “More information” in the Prospectus.

Some financial professionals may have a financial incentive to offer a new contract in place of the one you already own. You should only exchange your contract if you determine, after comparing the features, fees, and risks of both contracts, that it is preferable to purchase the new contract rather than continue to own your existing contract.

For additional information about exchanges see “Charge for third-party transfer or exchange” in “Charges and expenses” in the Prospectus.

Portfolio Company — Investment Adviser;

Sub-Adviser(s), as applicable

1290 VT DoubleLine Dynamic Allocation — Equitable Investment Management Group, LLC (“EIMG”); DoubleLine Capital LP

1290 VT Equity Income — EIMG; Barrow, Hanley, Mewhinney & Strauss, LLC

1290 VT GAMCO Mergers & Acquisitions — EIMG; GAMCO Asset Management, Inc.

1290 VT GAMCO Small Company Value — EIMG; GAMCO Asset Management, Inc.

1290 VT High Yield Bond — EIMG; AXA Investment Managers, Inc., Post Advisory Group, LLC

1290 VT Natural Resources — EIMG; AllianceBernstein L.P.

1290 VT Real Estate — EIMG; AllianceBernstein L.P.

1290 VT Small Cap Value — EIMG; Horizon Kinetics Asset Management LLC, BlackRock Investment Management, LLC

EQ/AB Dynamic Moderate GrowthD — EIMG; AllianceBernstein L.P.

EQ/AB Small Cap Growth — EIMG; AllianceBernstein L.P.

EQ/Aggressive Growth Strategy† — EIMG

EQ/All Asset Growth Allocation — EIMG

EQ/American Century Mid Cap Value — EIMG; American Century Investment Management, Inc.

EQ/Balanced Strategy† — EIMG

EQ/Capital Group Research — EIMG; Capital International, Inc.

EQ/ClearBridge Large Cap Growth — EIMG; ClearBridge Investments, LLC

EQ/Common Stock Index — EIMG; AllianceBernstein L.P.

EQ/Conservative Growth Strategy† — EIMG

EQ/Conservative Strategy† — EIMG

EQ/Core Bond Index — EIMG; SSGA Funds Management, Inc.

EQ/Core Plus Bond⁽¹⁾ — EIMG; AXA Investment Managers, Inc.; Brandywine Global Investment Management, LLC; Loomis, Sayles & Company, L.P.

EQ/Emerging Markets Equity PLUS — EIMG; EARNEST Partners, LLC, AllianceBernstein L.P.

EQ/Equity 500 Index — EIMG; AllianceBernstein, L.P.

Portfolio Company — Investment Adviser;

Sub-Adviser(s), as applicable

EQ/Fidelity Institutional AM^® Large Cap — EIMG; FIAM LLC

EQ/Franklin Rising Dividends — EIMG; Franklin Advisers, Inc.

EQ/Franklin Strategic Income — EIMG; Franklin Advisers, Inc.

EQ/Global Bond Plus⁽²⁾ — EIMG; BlackRock Investment Management, LLC; Wells Fargo Asset Management (International) Limited; Wells Capital Management, Inc.

EQ/Global Equity Managed Volatility† — EIMG; BlackRock Investment Management, LLC; Invesco Advisers, Inc.; Morgan Stanley Investment Management Inc.

EQ/Goldman Sachs Mid Cap Value — EIMG; Goldman Sachs Asset Management L.P.

EQ/Growth Strategy† — EIMG

EQ/Intermediate Government Bond — EIMG; SSGA Funds Management, Inc.

EQ/International Core Managed Volatility† — EIMG; Federated Global Investment Management Corp., Massachusetts Financial Services Company d/b/a MFS Investment Management, EARNEST Partners, LLC, BlackRock Investment Management, LLC

EQ/International Equity Index — EIMG; AllianceBernstein L.P.

EQ/International Value Managed Volatility† — EIMG; BlackRock Investment Management, LLC; Harris Associates L.P.

EQ/Invesco Comstock — EIMG; Invesco Advisers, Inc.

EQ/Invesco Global — EIMG; Invesco Advisers, Inc.

EQ/Invesco Global Real Assets⁽³⁾ — EIMG; Invesco Advisers, Inc., Invesco Asset Management Ltd.

EQ/Invesco International Growth — EIMG; Invesco Advisers, Inc.

EQ/Janus Enterprise — EIMG; Janus Capital Management LLC

EQ/Large Cap Growth Index — EIMG; AllianceBernstein L.P.

EQ/Large Cap Growth Managed Volatility† — EIMG; BlackRock Investment Management, LLC; HS Management Partners, LLC; Loomis, Sayles & Company, L.P.; Polen Capital Management, LLC; T. Rowe Price Associates, Inc.

EQ/Large Cap Value Index — EIMG; AllianceBernstein L.P.

EQ/Large Cap Value Managed Volatility† — EIMG; AllianceBernstein L.P., BlackRock Investment Management. LLC, Massachusetts Financial Services Company d/b/a MFS Investment Management

EQ/Lazard Emerging Markets Equity — EIMG; Lazard Asset Management LLC

EQ/Loomis Sayles Growth — EIMG; Loomis Sayles & Company, L.P.

EQ/MFS International Growth — EIMG; Massachusetts Financial Services Company d/b/a MFS Investment Management

EQ/MFS International Intrinsic Value — EIMG; Massachusetts Financial Services Company d/b/a MFS Investment Management

EQ/MFS Mid Cap Focused Growth — EIMG; Massachusetts Financial Services Company d/b/a MFS Investment Management

EQ/MFS Technology — EIMG; Massachusetts Financial Services Company d/b/a MFS Investment Management

EQ/MFS Utilities Series — EIMG; Massachusetts Financial Services Company d/b/a MFS Investment Management

Portfolio Company — Investment Adviser;

Sub-Adviser(s), as applicable

EQ/Mid Cap Index — EIMG; AllianceBernstein L.P.

EQ/Mid Cap Value Managed Volatility† — EIMG; Diamond Hill Capital Management, Inc., Wellington Management Company LLP, BlackRock Investment Management, LLC

EQ/Moderate Allocation† — EIMG

EQ/Moderate Growth Strategy† — EIMG

EQ/Money Market⁽⁴⁾ — EIMG; BNY Mellon Investment Adviser, Inc.

EQ/PIMCO Global Real Return — EIMG; Pacific Investment Management Company LLC

EQ/PIMCO Real Return — EIMG; Pacific Investment Management Company LLC

EQ/PIMCO Total Return — EIMG; Pacific Investment Management Company LLC

EQ/PIMCO Ultra Short Bond — EIMG; Pacific Investment Management Company LLC

EQ/Small Company Index — EIMG; AllianceBernstein L.P.

EQ/T.Rowe Price Growth Stock — EIMG; T. Rowe Price Associates, Inc.

EQ/T. Rowe Price Health Sciences — EIMG; T. Rowe Price Associates, Inc.

EQ/Ultra Conservative Strategy⁽⁵⁾† — EIMG

EQ/Value Equity — EIMG; Aristotle Capital Management, LLC

EQ/Wellington Energy — EIMG; Wellington Management Company LLP

Multimanager Aggressive Equity — EIMG; AllianceBernstein L.P., ClearBridge Investments, LLC, 1832 Asset Management U.S. Inc., T. Rowe Price Associates, Inc., Westfield Capital Management Company, L.P.

EQ Managed Volatility Portfolios that include the EQ volatility management strategy as part of their investment objective and/or principal investment strategy, and the EQ/affiliated Fund of Fund Portfolios that invest in Portfolios that use the EQ volatility management strategy, are identified in the chart by a “†”. See “Portfolios of the Trusts” in “Purchasing the Contract” for more information regarding volatility management.

Certain other affiliated Portfolios, as well as unaffiliated Portfolios, may utilize volatility management techniques that differ from the EQ volatility management strategy. Affiliated Portfolios that utilize these volatility management techniques are identified in the chart by a “D”. Any such unaffiliated Portfolio is not identified In the chart. See “Portfolios of the Trusts” in “Purchasing the Contract” for more information regarding volatility management.

This Portfolio’s annual expenses reflect temporary fee reductions.

This variable investment option is not available for investment until on or about June 18, 2021. This is the surviving variale investment option of a Portfolio merger on or about June 18, 2021. The acquired variable investment option is EQ/Global Bond Plus and it may continue to be used in certain documents for a period of time after the date of the megter.

This is the acquired variable investment option of a Portfolio merger on or about June 18, 2021 and it will no longer be available for investment after the merger. It may continue to be used in certain documents for a period of time after the date of the merger.

This is the variable investment option’s new name. The variable option’s former name is EQ/Invesco Global Real Estate which may continue to be used in certain documents for a period of time after the date of this Prospectus.

The Portfolio operates as a “government money market fund.” The Portfolio will invest at least 99.5% of its total assets in U.S. government securities, cash, and/or repurchase agreements that are fully collateralized by U.S. government securities or cash.

The ATP Portfolio is part of the asset transfer program. You may not directly allocate a contribution to or request a transfer of account value into this investment option.

7Twelve^TM Balanced Portfolio — 7 Twelve Advisors, LLC

AB VPS International Growth Portfolio — AllianceBernstein L.P.

American Funds Insurance Series^® Global Small Capitalization Fund — Capital Research and Management Company

American Funds Insurance Series^® Managed Risk Asset Allocation Fund — Capital Research and Management Company; Milliman Financial Risk Management LLC

American Funds Insurance Series^® New World Fund^® — Capital Research and Management Company

American Funds Insurance Series^® The Bond Fund of America⁽¹⁾ — Capital Research and Management Company

BlackRock Global Allocation V.I. — BlackRock Advisors, LLC

BlackRock Large Cap Focus Growth V.I. — BlackRock Advisors, LLC

ClearBridge Variable Aggressive Growth — Legg Mason Partners Fund Advisor, LLC; ClearBridge Investments, LLC

ClearBridge Variable Dividend Strategy — Legg Mason Partners Fund Advisor, LLC; ClearBridge Investments, LLC

Fidelity^® VIP Mid-Cap — Fidelity Management & Research Company

Fidelity^® VIP Strategic Income — Fidelity Management & Research Company

First Trust Multi Income Allocation — First Trust Advisors L.P.

First Trust/Dow Jones Dividend & Income Allocation — First Trust Advisors L.P.

Franklin Allocation VIP — Franklin Advisers, Inc.

Franklin Income VIP — Franklin Advisers, Inc.

Franklin Mutual Shares VIP Fund — Franklin Mutual Advisers, LLC

Hartford Capital Appreciation HLS — Hartford Funds Management Company, LLC; Wellington Management Company LLP

Hartford Disciplined Equity HLS — Hartford Funds Management Company, LLC; Wellington Management Company LLP

Invesco V.I. Diversified Dividend Fund — Invesco Advisers, Inc.

Invesco V.I. High Yield Fund — Invesco Advisers, Inc.

Invesco V.I. Main Street Mid Cap Fund^®(2) — Invesco Advisers, Inc.

Invesco V.I. Small Cap Equity Fund — Invesco Advisers, Inc.

Ivy VIP Asset Strategy — Ivy Investment Management Company

Ivy VIP Global Equity Income — Ivy Investment Management Company

Ivy VIP High Income — Ivy Investment Management Company

Ivy VIP Natural Resources — Ivy Investment Management Company

Ivy VIP Small Cap Growth — Ivy Investment Management Company

Lord Abbett Bond Debenture — Lord, Abbett & Co. LLC

Lord Abbett Growth Opportunities Portfolio (VC) — Lord, Abbett & Co. LLC

MFS^® Investors Trust Series — Massachusetts Financial Services Company

MFS^® Massachusetts Investors Growth Stock — Massachusetts Financial Services Company

Neuberger Berman International Equity — Neuberger Berman Investment Advisers LLC

Neuberger Berman U.S. Equity Index PutWrite Strategy — Neuberger Berman Investment Advisers LLC

PIMCO CommodityRealReturn^® Strategy — Pacific Investment Management Company LLC

PIMCO Emerging Markets Bond Portfolio — Pacific Investment Management Company LLC

ProFund VP Biotechnology — ProFund Advisors LLC

Putnam VT Diversified Income — Putnam Investment Management, LLC; Putnam Investments Limited

QS Legg Mason Dynamic Multi-Strategy VIT — Legg Mason Partners Fund Advisor, LLC; QS Investors, LLC, and Western Asset Management Company

Templeton Developing Markets VIP — Templeton Asset Management Ltd.

Templeton Foreign VIP Fund — Templeton Investment Counsel, LLC

Templeton Global Bond VIP — Franklin Advisers, Inc.

VanEck VIP Global Resources Fund⁽³⁾ — Van Eck Associates Corporation

This Portfolio’s annual expenses reflect temporary fee reductions.

This is the variable investment option’s new name. The variable investment option’s former name is American Funds Insurance Series^® Bond Fund which may continue to be used in certain documents for a period of time after the date of this prospectus.

This is the variable investment option’s new name. The variable investment option’s former name is Invesco V.I. Mid Cap Core Equity which may continue to be used in certain documents for a period of time after the date of this prospectus.

This is the variable investment option’s new name. The variable investment option’s former name is VanEck VIP Global Hard Assets Fund which may continue to be used in certain documents for a period of time after the date of this prospectus.

EQ/AB Dynamic Moderate Growth

EQ/Aggressive Growth Strategy

EQ/Balanced Strategy

EQ/Conservative Growth Strategy

The ATP Portfolio is part of the asset transfer program. You may not directly allocate a contribution to or request a transfer of account value into this investment option.