EQUI-VEST®
Equitable Financial Life Insurance Company
Issued through: Separate Account A
Summary Prospectus for New Investors
May 1, 2021
This summary prospectus (the “Summary Prospectus”) summarizes key features of the contract. Before you invest, you should also review the statutory prospectus (the “Prospectus”) for the contract, which contains more information about the contract’s features, benefits, and risks. You can find this document and other information about the contract online at www.equitable.com/ICSR#EQH146649. You can also obtain this information at no cost by calling 1-877-522-5035, by sending an email request to EquitableFunds@dfinsolutions.com, or by calling your financial intermediary.
The EQUI-VEST® contracts are variable and fixed group and individual flexible premium deferred annuity contracts offered as a funding vehicle for employers’ sponsored retirement plans. This Summary Prospectus only describes EQUI-VEST®. The contracts provide for the accumulation of retirement savings and for income. The contracts offer income and death benefit protection as well. They also offer a number of payout options.
You invest to accumulate value on a tax-deferred basis in one or more of our variable investment options and our guaranteed interest option or in our fixed maturity options (collectively, the “investment options”). Series 100 and Series 200 TSA and EDC contract holders only may also invest in the Segments of the Structured Investment Option (“SIO”). Participants should carefully read the accompanying SIO prospectus and the Fixed Maturity Options Available Under Certain EQUI-VEST Contracts prospectus (the “FMO prospectus”) for more information.
You may cancel your contract within 10 days of receiving it without paying fees or penalties. In some states, this cancellation period may be longer. Upon cancellation, you will receive either a full refund of the amount you paid with your application or your total account value. You should review the prospectus, or consult with your investment professional, for additional information about the specific cancellation terms that apply.
We reserve the right to stop accepting any application or contribution from you at any time, including after you purchase the contract. If you have one or more guaranteed benefits and we exercise our right to discontinue the acceptance of, and/or place additional limitations on, contributions to the contract, you may no longer be able to fund your guaranteed benefit(s). This means that if you have already funded your guaranteed benefits, you may no longer be able to increase your guaranteed benefits.
Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission’s staff and is available at Investor.gov.
Electronic delivery of shareholder reports (pursuant to Rule 30e-3). Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the shareholder reports for portfolio companies available under your contract will no longer be sent by mail, unless you specifically request paper copies of the reports from the Company or from your financial intermediary. Instead, the reports will be made available on a website, and you will be notified by mail each time a report is posted and provided with a website link to access the report.
If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications electronically from the Company by calling (800) 628-6673 or by calling your financial intermediary.
You may elect to receive all future reports in paper free of charge. You can inform the Company that you wish to continue receiving paper copies of your shareholder reports by calling 1-877-522-5035, by sending an email request to EquitableFunds@dfinsolutions.com, or by calling your financial intermediary. Your election to receive reports in paper will apply to all portfolio companies available under your contract.
Important information you should consider about the contract
| FEES AND EXPENSES | ||||||||||||||||||||||||||||
| Charges for Early Withdrawals | If you surrender your contract, apply your cash value to a non-life contingent annuity payment option, or withdraw money from the contract within 12 years following your last contribution, you will be assessed a withdrawal charge of up to 6% of contributions withdrawn. For example, if you make a withdrawal in the first year, you could pay a withdrawal charge of up to $6,000 on a $100,000 investment.
There is an interim value adjustment for amounts withdrawn from a Segment of the SIO before Segment maturity which could result in up to a 90% loss of the Segment Investment. See the SIO prospectus for more information.
For additional information about the charges for surrenders and early withdrawals see “Withdrawal charge” in “Charges under the contracts” under “Charges and expenses” in the prospectus.
|
|
||||||||||||||||||||||||||
| Transaction Charges | 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 or, third-party transfers or exchanges).
For additional information about transaction charges see “Charges under the contracts” in “Charges and expenses” in the prospectus. |
|
||||||||||||||||||||||||||
| Ongoing Fees and Expenses (annual charges) | 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 if you choose the options you choose. Please refer to your contract specifications page for information about the specific fees you will pay each year based the options you have elected. |
|
||||||||||||||||||||||||||
| Annual Fee |
Minimum | Maximum | ||||||||||||||||||||||||||
| Base Contracts(1) |
|
1.34% | 2.00% | |||||||||||||||||||||||||
| Investment options (Portfolio fees and expenses)(2) |
|
0.58% | 1.48% | |||||||||||||||||||||||||
| (1) Expressed as an annual percent 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.
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 that you do not take withdrawals from the contract, which could add withdrawal charges that substantially increase costs. |
|
|||||||||||||||||||||||||||
| Lowest Annual Cost $1,762 |
Highest Annual Cost $2,983 |
|||||||||||||||||||||||||||
| Assumes: • Investment of $100,000 • 5% annual appreciation • Least expensive combination of contract 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 • No sales charges • No additional contributions, |
|
||||||||||||||||||||||||
| For additional information about ongoing fees and expenses see “Fee Table” in the prospectus. |
| |||||||||||||||||||||||||||
2
| RISKS | ||||||||||||||
| Risk of Loss | 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. |
|||||||||||||
| Not a Short-Term Investment | 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. |
|||||||||||||
| Risks Associated with Investment Options | 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, fixed maturity options and Segments of the SIO, has its own unique risks. You should review the variable 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, as well as, “Risk factors” in the SIO prospectus and FMO prospectus. See also Appendix “Portfolio Companies available under the contract” in the prospectus. |
|||||||||||||
| Insurance Company Risks | 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 optional benefits. The general obligations, including the guaranteed interest option, fixed maturity options, SIO, and any optional 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. |
|||||||||||||
| RESTRICTIONS | ||||||||||||||
| Investments | We may, at any time, exercise our rights to limit or terminate your contributions, allocations and transfers to any of the 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 the account value from any variable investment option to another variable investment option.
There are limits on contributions and transfers into and out of the guaranteed interest option, and restrictions or limitations with the 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 A” in “More information” in the prospectus.
For additional information about the investment options, including information regarding volatility management strategies and techniques, see “Portfolios of the Trusts” in “Purchasing the contract” in the prospectus. See also the SIO prospectus and the FMO prospectus. |
|||||||||||||
| TAXES | ||||||||||||||
| Tax Implications | 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 more information, see “Tax information” in the prospectus. |
|||||||||||||
3
| CONFLICTS OF INTEREST | ||||||||||||||
| Investment Professional Compensation | 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. |
|||||||||||||
| Exchanges | 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. |
|||||||||||||
4
Purpose of the Contract
The contract is designed to help you accumulate assets through investments in underlying Portfolios, guaranteed interest option, fixed maturity options and the SIO during the accumulation phase. It can provide or supplement your retirement income by providing a stream of income payments during the annuity phase. It also provides a death benefit to protect your beneficiaries. The contract may be appropriate if you have a long-term investment horizon. It is not intended for people who may need to access invested funds within a short-term timeframe or frequently, or who intend to engage in frequent transfers of the underlying Portfolios.
Phases of the Contract
The contract has two phases: an accumulation (savings) phase and an income (annuity) phase.
Accumulation (Savings) Phase
During the accumulation phase, you can allocate your contributions to one or more of the available investment options, which include:
| • | Variable investment options; |
| • | Guaranteed interest option; |
| • | Fixed maturity options (see the FMO prospectus for more information); |
| • | Segments of the SIO which are index-linked investment options (see the SIO prospectus for more information-for Series 100 and Series 200 TSA and EDC contracts only); |
| • | Rebalancing and Dollar Cost Averaging options; and |
| • | Access to the Optional Semester Strategies program (for Series 100 and Series 200 TSA and EDC contracts only). |
For additional information about each underlying Portfolio see Appendix: “Portfolio Companies available under the contract”.
Income (Annuity) Phase
You enter the income phase when you annuitize your contract. During the income phase, you will receive a stream of fixed income payments for the annuity payout period of time you elect. You can elect to receive annuity payments (1) for life; (2) for life with a certain minimum number of payments; (3) for life with a certain minimum number of payments to the beneficiary upon the death of the annuitant; or (4) for life with a certain amount of payment. Please note that when you annuitize, your investments are converted to income payments and you will no longer be able to make any additional withdrawals from your contract. All accumulation phase benefits terminate upon annuitization and the contract has a maximum annuity commencement date.
Contract Features
The contract provides for the accumulation of retirement savings and income. The contract offers income, death benefit protection and offers various payout options.
Access to Your Money
During the accumulation phase you can take withdrawals from your contract. Withdrawals will reduce your account value and may be subject to withdrawal charges, income taxes and a tax penalty.
Death Benefit
Your contract provides a standard death benefit that pays your beneficiaries an amount equal to at least your contributions less adjusted withdrawals.
5
Rebalancing and Dollar Cost Averaging
You can elect to have your account value automatically rebalanced at no additional charge. We offer two rebalancing programs that you can use to automatically reallocate your value among your variable investment options and the guaranteed interest option. You can also elect to allocate your investments using a dollar cost averaging program at no additional charge. Generally, you may not elect both a dollar cost averaging program and a rebalancing option.
Contract Loans
Depending on the terms of your contract, you may be permitted to take loans from your account value. If you take a loan we charge interest on the loan.
6
Benefits available under the contract
The following tables summarize important information about the benefits available under the contract.
This death benefit is available during the accumulation phase:
| Name of Benefit | Purpose | Standard/ Optional |
Annual Fee | Brief Description of Restrictions/ Limitations | ||||||
| Max | Current | |||||||||
| Death Benefit | Guarantees beneficiaries will receive a benefit at least equal to your contributions less adjusted withdrawals. | Standard | No Additional Charge |
• Withdrawals could significantly reduce or terminate benefit | ||||||
Other Benefits
These other benefits are available during the accumulation phase:
| Name of Benefit | Purpose | Standard/ Optional |
Annual Fee | Brief Description of Restrictions/ Limitations | ||||||
| Max | Current | |||||||||
| Rebalancing Option I(1) and Option II(2) |
Periodically rebalance to your desired asset mix. | Optional | No Charge | • Not generally available with Dollar Cost Averaging | ||||||
| Dollar Cost Averaging | Transfer account value to selected investment options on a regular basis to potentially reduce the impact of market volatility. | Optional | No Charge | • Not generally available with Rebalancing | ||||||
| Investment Simplifier | Allows you to automatically transfer amounts from the guaranteed interest option to the variable investment options. | Optional | No Charge | • Not generally available with Rebalancing | ||||||
| Semester Strategies program (Series 100 and Series 200 TSA and EDC contracts only) | We offer access to account services through SWBC Investment Advisory Services LLC (“SWBC”), an unaffiliated third party. SWBC is an independent registered investment advisory firm that assists retirement plan participants with investment advisory services, including model portfolio services. | Optional | No Charge | • To participate in the Program, you are required to use the Maximum investment options choice method
• Not available with Dollar Cost Averaging or Rebalancing
| ||||||
| (1) | Option I allows you to rebalance your account value among the variable investment options. |
| (2) | Option II allows you to rebalance your account value among the variable investment options and the guaranteed interest option. |
7
Buying the Contract
You may purchase a contract by making payments to us that we call “contributions.” We can refuse to accept an application from you or any contribution from you at any time, including after you purchase the contract. We require a minimum contribution amount for each type of contract purchased. Maximum contribution limitations also apply.
Minimum initial and subsequent contribution amounts
The minimum initial contribution is generally $20 for each type of contract. Subsequent contributions are allowed up to a certain maximum contribution limit.
Limitations on contributions to the contract
We reserve the right to refuse to accept any contribution under the contract at any time or change our contribution limits and requirements. This means that if you have one or more Guaranteed benefits and we exercise our right to discontinue the acceptance of contributions to the contract you may no longer be able to fund your Guaranteed benefits. This means that you may no longer be able to increase your Guaranteed benefits.
When initial and subsequent contributions are credited
Initial Contribution
For certain SEP and KEOGH plans, additional contributions may be made by our automatic investment program. The methods of payment are discussed in detail in “About other methods of payment” in “More information” in the prospectus.
For certain employer-remitted salary reduction contracts, it is possible that we may receive your initial contribution prior to Equitable Advisors, LLC (Equitable Financial Advisors in Michigan and Tennessee), (“Equitable Advisors”) receiving your application. In this case, we will hold the contribution, whether received via check or wire, in a non-interest bearing “Special Bank Account for the Exclusive Benefit of Customers.” If Equitable Advisors does not receive your application within 20 business days, we will return your contribution to your employer or its designee.
If Equitable Advisors receives your application within this timeframe, Equitable Advisors will direct us to continue to hold your contribution in the special bank account noted immediately above while Equitable Advisors ensures that your application is complete and suitability standards are met. Equitable Advisors will either complete this process or instruct us to return your contribution to your employer or its designee within the applicable Financial Industry Regulatory Authority (“FINRA”) time requirements. Upon timely and successful completion of this review, Equitable Advisors will instruct us to transfer your contribution into our non-interest bearing suspense account and transmit your application to us, so that we can consider your application for processing.
If your application is in good order when we receive it for application processing purposes, your contribution will be applied within two business days. If any information we require to issue your contract is missing or unclear, we will hold your contribution while we try to obtain this information. If we are unable to obtain all of the information we require within five business days after we receive an incomplete application or form, we will inform the financial professional submitting the application on your behalf. We will then return the contribution to your employer or its designee, unless you or your financial professional acting on your behalf, specifically direct us to keep your contribution until we receive the required information. The contribution will be applied as of the date we receive the missing information.
Subsequent Contributions
If we receive a subsequent contribution before the close of the NYSE (typically 4:00 pm eastern), we will credit that contribution that day. If we receive your subsequent contribution after the close of the NYSE, your contribution will be applied the next business day.
Additional limitations on contributions to the contract
Additional limitations on contributions and the source of contributions apply based on the type of contract, such as TSA or EDC contracts. Please see the tables in the “How you can purchase and contribute to your contract” in “Purchasing the Contract” to the prospectus for detailed information. You can obtain the prospectus by calling the number or accessing the website noted on the first page of this summary prospectus.
8
Making Withdrawals: Accessing the Money in Your Contract
Accessing your money
You have several ways to access your account value before annuity payments begin. Depending on your type of contract, you may generally take partial withdrawals from your contract at any time or, depending on your specific situation, set up an automatic payment plan, a systematic withdrawal plan, a substantially equal withdrawals plan or a lifetime RMD payments plan. Additionally, you may take a loan (if permitted by your Plan) and you may make withdrawals from your Guaranteed Annual Withdrawal Amount (if you funded the Personal Income Benefit feature). You may also surrender your contract to receive its cash value at any time. If we receive a withdrawal or surrender request in good order before the close of the NYSE (typically 4:00 pm eastern), we will process the request that day. If we receive the request after the close of the NYSE, we will process the request on the next business day. We will generally send you the full requested withdrawal amount and deduct any applicable withdrawal charges from account value unless your request otherwise.
Withdrawals will reduce your account value and may be subject to withdrawal charges, income taxes and a tax penalty. Withdrawals may also reduce (possibly on a greater than dollar-for-dollar basis) or terminate any optional guaranteed benefits. Surrenders also may be subject to withdrawal charges, income taxes and a tax penalty if you are younger than 591/2.
Please see “Accessing your money” in the prospectus for more information on the ways you may withdraw your account value.
Free withdrawal amount
Each contract year you can withdraw a certain amount from your contract without paying a withdrawal charge.
When to expect payments
Generally, we will fulfill requests for payments out of the variable investment options within seven calendar days after the date of the transaction to which the request relates. These transactions may include applying proceeds to a variable annuity payout option, payment of a death benefit, payment of any amount you withdraw (less any withdrawal charge) and, upon contract termination, payment of the cash value.
9
Additional Information About Fees
The following tables describe the fees and expenses that you will pay when buying, owning, surrendering or making withdrawals from the contract. Each of the charges and expenses is more fully described in “Charges and expenses” in the prospectus. 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.
The first table describes fees and expenses that you will pay at the time that you surrender the contract, or if you make certain withdrawals, transfers or request special services. Charges designed to approximate certain taxes that may be imposed on us, such as premium taxes in your state, may also apply.
| Transaction Expenses | ||
| Sales Load Imposed on Purchases | None | |
| Withdrawal Charge (as a percentage of contributions withdrawn)(1) | 6.00% | |
| Transfer Fee | None | |
| Third Party Transfer or Exchange Fee(2) | $65 | |
| Special Service Charges(3) | $90 | |
| Segment Interim Value (applies for distributions from a Segment of the SIO prior to the Segment Maturity Date)(4) | 90% of Segment Investment | |
| (1) | Important exceptions and limitations may eliminate or reduce this charge. For a complete description of withdrawal charges, please see “Withdrawal Charge” in “Charges and expenses” in this prospectus. |
| (2) | This charge will never exceed 2% of the amount disbursed or transferred. |
| (3) | Unless you specify otherwise, this charge will be deducted from the amount you request. Special service charges include (1) express mail charge; and (2) wire transfer charge. |
| (4) | The actual amount of the Segment Interim Value calculation is determined by a formula that depends on, among other things, the Segment Buffer and how the Index has performed since the Segment Start Date. The maximum loss would occur if there is a total distribution for a Segment at a time when the Index price has declined to zero. If you surrender or cancel your variable annuity contract, die, transfer or make a withdrawal from a Segment before the Segment Maturity Date, the Segment Buffer will not necessarily apply to the extent it would on the Segment Maturity Date, and any upside performance will be limited to a percentage lower than the Performance Cap Rate. See the SIO prospectus for more information. |
The next table describes the fees and expenses that you will pay each year during the time that you own the contract (not including Portfolio fees and expenses). If you choose to purchase an optional benefit, you will pay additional charges, as shown below.
| Annual Contract Expenses |
||
| Annual Administrative Charge(1) | $65 | |
| Base Contract Expenses(2) (as a percentage of daily net assets in the variable investment options): | 2.00% |
| (1) | The annual administrative charge is deducted from your account value on each contract date anniversary. The current charge is $30. If the contract is surrendered or annuitized or a death benefit is paid on any date other than the contract date anniversary, we will deduct a pro rata portion of the administrative charge for that year. For series 300 and 400 contracts, during the first two contract years this charge, if it applies, is equal to the lesser of $30 or 2% of your account value, plus any amounts previously withdrawn during the contract year. Thereafter, the charge is $30 for each contract year. For series 100 and 200 contracts, the charge is equal to the lesser of $30 or 2% of your account value, plus any prior withdrawals during the contract year. We may discontinue these services at any time. |
| (2) | The current Base Contract Expenses for Series 100 and 200 are: 1.40% for EQ/Common Stock and EQ/Money Market Options and 1.34% for all other investment options. For Series 300 the current charge is 1.34%. For series 400 the current charge is 1.34%. |
10
The next item shows the minimum and maximum total operating expenses charged by the underlying Portfolios that you may pay periodically during the time that you own the contract. A complete list of Portfolios available under the contact, including their annual expenses, may be found at the back of this document. See “Appendix: Portfolio Companies available under the contract.” These expenses are for the period ended December 31, 2020, and may fluctuate form year to year.
| Annual Portfolio Expenses | ||||
| Minimum | Maximum | |||
| Annual Portfolio Expenses prior to Expense Limitation Arrangement (expenses that are deducted from Portfolio assets including management fees, 12b-1 fees, service fees, and other expenses)* | 0.58% | 1.48% | ||
| * | “Annual Portfolio Expenses” may be based, in part, on estimated amounts of such expenses. |
11
Examples
These Examples are intended to help you compare the cost of investing in the contract with the cost of investing in other variable annuity contracts. The costs include transaction expenses, annual contract expenses, and annual Portfolio expenses.
These Examples assume that you invest $100,000 in the contract for the time periods indicated. The Examples also assume that your investment has a 5% return each year and assumes the most expensive combination of annual Portfolio expenses.
Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
EQUI-VEST® series 100 and 200 contracts — For TSA, University TSA, SEP, SARSEP, EDC and Annuitant-Owned HR-10 contracts:
| If you surrender your contract or annuitize (under a
non-life option) at the end of the applicable time period |
If you do not surrender your contract | |||||||||||||
| 1 year | 3 years | 5 years | 10 years | 1 year | 3 years | 5 years | 10 years | |||||||
| $8,471 |
$14,802 | $21,395 | $35,784 | $2,961 | $9,065 | $15,421 | $32,480 | |||||||
EQUI-VEST series 200 Trusteed contracts
| If you surrender your contract or annuitize (under
a non-life option) at the end of the applicable time period |
If you do not surrender your contract | |||||||||||||
| 1 year | 3 years | 5 years | 10 years | 1 year | 3 years | 5 years | 10 years | |||||||
| $8,471 |
$14,802 | $21,395 | $32,480 | $2,961 | $9,065 | $15,421 | $32,480 | |||||||
EQUI-VEST® series 300 contracts
| If you surrender your contract or annuitize (under
a non-life option) at the end of the applicable time period |
If you do not surrender your contract | |||||||||||||
| 1 year | 3 years | 5 years | 10 years | 1 year | 3 years | 5 years | 10 years | |||||||
| $8,481 |
$14,832 | $21,443 | $32,580 | $2,972 | $9,097 | $15,473 | $32,580 | |||||||
EQUI-VEST® series 400 contracts
| If you surrender your contract or annuitize (under
a non-life option) at the end of the applicable time period |
If you do not surrender your contract | |||||||||||||
| 1 year | 3 years | 5 years | 10 years | 1 year | 3 years | 5 years | 10 years | |||||||
| $9,127 |
$16,731 | $24,542 | $38,835 | $3,654 | $11,110 | $18,768 | $38,835 | |||||||
12
Appendix: Portfolio Companies available under the contract
The following is a list of Portfolio Companies available under the contract. More information about the Portfolio Companies is available in the prospectuses for the Portfolio Companies, which may be amended from time to time and can be found online at www.equitable.com/ICSR#EQH146649. You can request this information at no cost by calling (877) 522-5035 or by sending an email request to EquitableFunds@dfinsolutions.com.
The current expenses and performance information below reflects fee and expenses of the Portfolios, but do not reflect the other fees and expenses that your contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Portfolio’s past performance is not necessarily an indication of future performance.
Affiliated Portfolio Companies:
| Current Expenses |
Average Annual Total Returns (as of 12/31/2020) |
|||||||||||||||||
| Type | Portfolio Name - Investment Adviser, Sub-Adviser(s), as applicable | 1 year | 5 year | 10 year | ||||||||||||||
|
Asset Allocation |
1290 VT DoubleLine Dynamic Allocation — Equitable Investment Management Group, LLC (“EIMG”); DoubleLine Capital LP |
1.20% | ^ | 13.10% | 8.61% | 8.80% | ||||||||||||
|
Equity |
1290 VT Equity Income — EIMG; Barrow, Hanley, Mewhinney & Strauss LLC |
0.95% | ^ | -4.52% | 1.55% | 6.50% | ||||||||||||
|
Speciality |
1290 VT GAMCO Mergers & Acquisitions — EIMG; GAMCO Asset Management, Inc. |
1.30% | ^ | -1.33% | 0.66% | 3.12% | ||||||||||||
|
Equity |
1290 VT GAMCO Small Company Value — EIMG; GAMCO Asset Management, Inc. |
1.07% | 9.51% | 4.48% | 10.29% | |||||||||||||
| Fixed Income |
1290 VT High Yield Bond — EIMG; AXA Investment Managers, Inc.; Post Advisory Group, LLP |
1.05% | ^ | 6.48% | 5.55% | 6.93% | ||||||||||||
|
Equity |
1290 VT Small Cap Value — EIMG; BlackRock Investment Management, LLC; Horizon Kinetics Asset Management, LLC |
1.15% | ^ | -1.51% | 3.15% | 8.99% | ||||||||||||
|
International |
1290 VT SmartBeta Equity — EIMG; AXA Rosenberg Investment Management, LLC |
1.10% | ^ | 10.95% | 9.78% | 11.26% | ||||||||||||
|
Equity |
1290 VT Socially Responsible — EIMG; BlackRock Investment Management, LLC |
0.93% | 20.01% | 14.33% | 14.62% | |||||||||||||
|
Equity |
EQ/2000 Managed Volatility — EIMG; AllianceBernstein L.P.; BlackRock Investment Management, LLC |
0.84% | 19.31% | 9.35% | 12.40% | |||||||||||||
|
Equity |
EQ/400 Managed Volatility† — EIMG; AllianceBernstein L.P.; BlackRock Investment Management, LLC |
0.85% | ^ | 13.47% | 7.53% | 11.40% | ||||||||||||
|
Equity |
EQ/500 Managed Volatility — EIMG; AllianceBernstein L.P.; BlackRock Investment Management, LLC |
0.80% | 17.01% | 12.61% | 13.87% | |||||||||||||
| Asset Allocation |
EQ/AB Dynamic Moderate GrowthD — EIMG; AllianceBernstein L.P. |
1.11% | 4.43% | 4.43% | 5.93% | |||||||||||||
|
Equity |
EQ/AB Small Cap Growth — EIMG; AllianceBernstein L.P. |
0.92% | 36.11% | 17.00% | 17.22% | |||||||||||||
| Asset Allocation |
EQ/Aggressive Allocation† — EIMG |
1.16% | 15.41% | 9.45% | 11.17% | |||||||||||||
| Asset Allocation |
EQ/Aggressive Growth Strategy† — EIMG |
1.03% | 14.52% | 9.28% | 10.50% | |||||||||||||
| Asset Allocation |
EQ/All Asset Growth Allocation — EIMG |
1.25% | 12.29% | 7.33% | 9.44% | |||||||||||||
|
Equity |
EQ/American Century Mid Cap Value — EIMG; American Century Investment Management, Inc. |
1.00% | ^ | 1.32% | — | — | ||||||||||||
| Asset Allocation |
EQ/Balanced Strategy†(1) — EIMG |
0.99% | 11.20% | 7.24% | 7.50% | |||||||||||||
|
Equity |
EQ/Capital Group Research — EIMG; Capital International, Inc. |
0.97% | 23.26% | 15.96% | 16.21% | |||||||||||||
|
Equity |
EQ/ClearBridge Large Cap Growth — EIMG; ClearBridge Investment, LLC |
1.00% | ^ | 30.85% | 19.85% | 16.87% | ||||||||||||
|
Equity |
EQ/Clearbridge Select Equity Managed Volatility† — EIMG; BlackRock Investment Management, LLC; ClearBridge Investment, LLC |
1.06% | ^ | 36.15% | 17.81% | 16.14% | ||||||||||||
|
Equity |
EQ/Common Stock Index — EIMG; AllianceBernstein L.P. |
0.68% | ^ | 19.77% | 13.68% | 14.60% | ||||||||||||
| Asset Allocation |
EQ/Conservative Allocation† — EIMG |
1.00% | ^ | 7.35% | 4.90% | 4.51% | ||||||||||||
| Asset Allocation |
EQ/Conservative Growth Strategy† — EIMG |
0.99% | 9.93% | 6.43% | 6.45% | |||||||||||||
| Asset Allocation |
EQ/Conservative Plus Allocation† — EIMG |
1.09% | 9.96% | 6.33% | 6.51% | |||||||||||||
| Asset Allocation |
EQ/Conservative Strategy† — EIMG |
0.95% | ^ | 7.26% | 4.84% | 4.32% | ||||||||||||
| Fixed Income |
EQ/Core Bond Index — EIMG; SSgA Funds Management, Inc. |
0.65% | ^ | 6.09% | 4.17% | 3.06% | ||||||||||||
| Fixed Income |
EQ/Core Plus Bond(2) — EIMG; BlackRock Investment Management, LLC; Brandywine Global Investment Management, LLC; Loomis, Sayles & Company, L.P. |
0.95% | ^ | 6.92% | 5.14% | 5.11% | ||||||||||||
|
International |
EQ/Emerging Markets Equity PLUS — EIMG; AllianceBernstein L.P.; EARNST Partners, LLC |
1.29% | ^ | 14.10% | 4.53% | 10.91% | ||||||||||||
|
Equity |
EQ/Equity 500 Index — EIMG; AllianceBernstein L.P. |
0.55% | 17.78% | 13.53% | 14.52% | |||||||||||||
|
Equity |
EQ/Fidelity® Institutional AM® Large Cap — EIMG; FIAM LLC |
0.87% | ^ | 26.32% | — | — | ||||||||||||
| Asset Allocation |
EQ/Franklin Balanced Managed Volatility†(3) — EIMG; BlackRock Investment Management, LLC; Franklin Advisers, Inc. |
1.05% | ^ | 5.69% | 5.64% | 7.46% | ||||||||||||
|
Equity |
EQ/Franklin Small Cap Value Managed Volatility† — EIMG; BlackRock Investment Management, LLC; Franklin Mutual Advisers, LLC |
1.06% | ^ | 12.31% | 7.10% | 11.38% | ||||||||||||
13
| Current Expenses |
Average Annual Total Returns (as of 12/31/2020) |
|||||||||||||||||
| Type | Portfolio Name - Investment Adviser, Sub-Adviser(s), as applicable | 1 year | 5 year | 10 year | ||||||||||||||
| Fixed Income |
EQ/Global Bond PLUS(3) — EIMG; BlackRock Investment Management, LLC; Wells Fargo Asset Management (International), Limited and Wells Capital Management, Inc. |
0.95% | ^ | 8.54% | 4.29% | 3.63% | ||||||||||||
|
International |
EQ/Global Equity Managed Volatility† — EIMG; BlackRock Investment Management, LLC; Morgan Stanley Investment Management Inc.; Invesco Advisors, Inc. |
1.10% | ^ | 14.22% | 7.93% | 10.62% | ||||||||||||
|
Equity |
EQ/Goldman Sachs Mid Cap Value — EIMG; Goldman Sachs Asset Management, L.P. |
1.09% | ^ | 8.46% | — | — | ||||||||||||
| Fixed Income |
EQ/Intermediate Government Bond — EIMG; SSgA Funds Management, Inc. |
0.65% | ^ | 4.22% | 3.06% | 1.99% | ||||||||||||
|
International |
EQ/International Core Managed Volatility† — EIMG; BlackRock Investment Management, LLC; Harris Associates L.P. |
1.06% | 8.45% | 4.18% | 7.44% | |||||||||||||
|
International |
EQ/International Equity Index — EIMG; AllianceBernstein L.P. |
0.79% | ^ | 3.93% | 2.49% | 6.26% | ||||||||||||
|
International |
EQ/International Managed Volatility† — EIMG; AllianceBernstein L.P.; BlackRock Investment Management, LLC |
0.89% | 6.63% | 3.48% | 6.57% | |||||||||||||
|
International |
EQ/International Value Managed Volatility† — EIMG; BlackRock Investment Management, LLC; Harris Associates L.P. |
1.06% | 4.20% | 2.18% | 5.81% | |||||||||||||
|
Equity |
EQ/Invesco Comstock — EIMG; Invesco Advisers, Inc. |
1.00% | ^ | -0.77% | 2.81% | 8.52% | ||||||||||||
|
International |
EQ/Invesco Global — EIMG; Invesco Advisers, Inc. |
1.15% | ^ | 27.01% | 12.95% | 14.35% | ||||||||||||
|
Speciality |
EQ/Invesco Global Real Assets(4) — EIMG; Invesco Advisers, Inc.; Invesco Asset Management Ltd. |
1.20% | ^ | -12.22% | — | — | ||||||||||||
|
International |
EQ/Invesco International Growth — EIMG; Invesco Advisers, Inc. |
1.15% | ^ | 13.61% | — | — | ||||||||||||
|
Equity |
EQ/Janus Enterprise — EIMG; Janus Capital Management LLC |
1.05% | ^ | 18.81% | 16.77% | 14.27% | ||||||||||||
|
Equity |
EQ/JPMorgan Value Opportunities — EIMG; J.P. Morgan Investment Management Inc. |
0.98% | 11.09% | 6.23% | 11.39% | |||||||||||||
|
Equity |
EQ/Large Cap Core Managed Volatility† — EIMG; BlackRock Investment Management, LLC; Capital International, Inc.; GQG Partners LLC; Vaughan Nelson Investment Management |
0.91% | 16.36% | 12.27% | 13.63% | |||||||||||||
|
Equity |
EQ/Large Cap Growth Index — EIMG; AllianceBernstein L.P. |
0.73% | 37.36% | 22.03% | 20.08% | |||||||||||||
|
Equity |
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. |
0.86% | 31.99% | 19.65% | 18.48% | |||||||||||||
|
Equity |
EQ/Large Cap Value Index — EIMG; AllianceBernstein L.P. |
0.75% | 2.23% | 5.39% | 9.02% | |||||||||||||
|
Equity |
EQ/Large Cap Value Managed Volatility† — EIMG; AllianceBernstein L.P., Aristotle Capital Management, LLC; Massachusetts Financial Services Company d/b/a MFS Investment Management |
0.86% | 5.68% | 6.08% | 9.41% | |||||||||||||
|
International |
EQ/Lazard Emerging Markets Equity — EIMG; Invesco Advisers, Inc.; Lazard Asset Management LLC |
1.35% | ^ | -1.56% | — | — | ||||||||||||
|
Equity |
EQ/Loomis Sayles Growth — EIMG; Loomis, Sayles & Company, L.P. |
1.05% | ^ | 30.86% | 18.60% | 19.11% | ||||||||||||
|
International |
EQ/MFS International Growth — EIMG; Massachusetts Financial Services Company d/b/a MFS Investment Management |
1.10% | ^ | 15.41% | 10.01% | 12.38% | ||||||||||||
|
International |
EQ/MFS International Intrinsic Value — EIMG; Massachusetts Financial Services Company d/ b/a MFS Investment Management |
1.15% | ^ | 20.03% | — | — | ||||||||||||
|
Equity |
EQ/MFS Mid Cap Focused Growth — EIMG; Massachusetts Financial Services Company d/ b/a MFS Investment Management |
1.10% | ^ | 29.76% | — | — | ||||||||||||
|
Speciality |
EQ/MFS Technology — EIMG; Massachusetts Financial Services Company d/ b/a MFS Investment Management |
1.13% | 46.83% | — | — | |||||||||||||
|
Speciality |
EQ/MFS Utilities — EIMG; Massachusetts Financial Services Company d/ b/a MFS Investment Management |
1.05% | ^ | 5.55% | — | — | ||||||||||||
|
Equity |
EQ/Mid Cap Index — EIMG; AllianceBernstein L.P. |
0.72% | 12.84% | 7.71% | 11.59% | |||||||||||||
|
Equity |
EQ/Mid Cap Value Managed Volatility† — EIMG; BlackRock Investment Management, LLC; Diamond Hill Capital Management, Inc.; Wellington Management Company, LLP |
0.97% | 4.99% | 4.83% | 8.77% | |||||||||||||
| Asset Allocation |
EQ/Moderate Allocation† — EIMG |
1.08% | 11.27% | 6.98% | 7.45% | |||||||||||||
| Asset Allocation |
EQ/Moderate Growth Strategy† — EIMG |
1.00% | 12.38% | 7.94% | 8.52% | |||||||||||||
| Asset Allocation |
EQ/Moderate Plus Allocation† — EIMG |
1.12% | 14.13% | 8.47% | 9.48% | |||||||||||||
| Money Market |
EQ/Money Market* — EIMG; BNY Mellon Investment Advisers, Inc. |
0.71% | 0.20% | 1.00% | 0.68% | |||||||||||||
|
Equity |
EQ/Morgan Stanley Small Cap Growth — EIMG; BlackRock Investment Management, LLC; Morgan Stanley Investment Management Inc. |
1.15% | ^ | 95.74% | 35.80% | 27.59% | ||||||||||||
| Fixed Income |
EQ/PIMCO Global Real Return — EIMG; Pacific Investment Management Company LLC |
0.98% | ^ | 10.33% | 5.59% | 5.97% | ||||||||||||
| Fixed Income |
EQ/PIMCO Ultra Short Bond — EIMG; Pacific Investment Management Company LLC |
0.80% | ^ | 1.17% | 1.56% | 1.70% | ||||||||||||
| Fixed Income |
EQ/Quality Bond PLUS — EIMG; AllianceBernstein L.P.; Pacific Investment Management Company LLC |
0.80% | 5.96% | 3.85% | 2.81% | |||||||||||||
|
Equity |
EQ/Small Company Index — EIMG; AllianceBernstein L.P. |
0.64% | 19.73% | 9.95% | 12.81% | |||||||||||||
|
Equity |
EQ/T. Rowe Price Growth Stock — EIMG; T. Rowe Price Associates, Inc. |
1.00% | ^ | 36.57% | 20.77% | 18.94% | ||||||||||||
|
Equity |
EQ/Value Equity — EIMG; Aristotle Capital Management, LLC |
0.92% | 2.81% | 5.30% | 8.29% | |||||||||||||
|
Speciality |
EQ/Wellington Energy — EIMG; Wellington Management Company, LLP |
1.19% | ^ | -37.39% | — | — | ||||||||||||
|
Equity |
Multimanager Aggressive Equity — EIMG; 1832 Asset Management U.S. Inc.; AllianceBernstein L.P.; ClearBridge Investments, LLC; T. Rowe Price Associates, Inc.; Westfield Capital Management Company, L.P. |
0.97% | 38.83% | 22.70% | 20.02% | |||||||||||||
14
| Current Expenses |
Average Annual Total Returns (as of 12/31/2020) |
|||||||||||||||||
| Type | Portfolio Name - Investment Adviser, Sub-Adviser(s), as applicable | 1 year | 5 year | 10 year | ||||||||||||||
| Fixed Income |
Multimanager Core Bond — EIMG; Lord, Abbett & Co. LLC |
0.90% | ^ | 6.29% | 4.39% | 3.74% | ||||||||||||
|
Speciality |
Multimanager Technology — EIMG; AllianceBernstein L.P.; Allianz Global Investors U.S. LLC; Wellington Management Company, LLC |
1.25% | ^ | 53.26% | 29.30% | 26.79% | ||||||||||||
| Asset Allocation |
Target 2015 Allocation — EIMG |
1.10% | ^ | 10.26% | 6.70% | 7.38% | ||||||||||||
| Asset Allocation |
Target 2025 Allocation — EIMG |
1.10% | ^ | 12.20% | 7.95% | 9.28% | ||||||||||||
| Asset Allocation |
Target 2035 Allocation — EIMG |
1.09% | 13.70% | 8.89% | 10.42% | |||||||||||||
| Asset Allocation |
Target 2045 Allocation — EIMG |
1.10% | 14.07% | 9.28% | 11.16% | |||||||||||||
| Asset Allocation |
Target 2055 Allocation — EIMG |
1.10% | ^ | 14.89% | 9.94% | 12.12% | ||||||||||||
| ^ | This Portfolio’s annual expenses reflect temporary fee reductions. |
| D | 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” in the prospectus for more information regarding volatility management. |
| † | Indicates the 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 Fund of Fund Portfolios that invest in other Portfolios that use the EQ volatility management strategy. See “Portfolios of the Trusts” in “Purchasing the contract” in the prospectus for more information regarding volatility management. |
| * | 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. |
| (1) | This is the surviving variable investment option of a Portfolio merger on or about June 18, 2021. The acquired variable investment option is EQ/Franklin Balanced Managed Volatility which may continue to be used in certain documents for a period of time after the date of the prospectus. |
| (2) | This is the surviving variable investment option of a Portfolio merger on or about June 18, 2021. The acquired variable investment option is EQ/Global Bond PLUS which may continue to be used in certain documents for a period of time after the date of the prospectus. |
| (3) | 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. |
| (4) | This is the variable investment option’s new name. The variable investment 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 the prospectus. |
Unaffiliated Portfolio Companies:
| Type | Portfolio Name -Investment Adviser, Sub-Adviser(s), as applicable |
Current |
Average Annual Total Returns (as of 12/31/2020) |
|||||||||||||||
| 1 year | 5 year | 10 year | ||||||||||||||||
| Fixed Income |
American Funds Insurance Series® The Bond Fund of America(1) — Capital Research and Management Company |
0.71% | ^ | 9.38% | 4.66% | 3.67% | ||||||||||||
| Fixed Income |
Invesco V.I. High Yield — Invesco Advisers, Inc. |
1.05% | ^ | 19.63% | 12.59% | 11.85% | ||||||||||||
| Equity |
Invesco V.I. Main Street Mid Cap(2) — Invesco Advisers, Inc. |
1.19% | 8.94% | 9.33% | 7.55% | |||||||||||||
| Equity |
Invesco V.I. Small Cap Equity — Invesco Advisers, Inc. |
1.21% | 26.87% | 11.55% | 9.87% | |||||||||||||
| Fixed Income |
Ivy VIP High Income — Ivy Investment Management Company |
0.97% | 6.03% | 7.42% | 6.52% | |||||||||||||
| Equity |
Ivy VIP Small Cap Growth — Ivy Investment Management Company |
1.15% | ^ | 37.66% | 15.59% | 11.15% | ||||||||||||
| Equity |
MFS® Investors Trust — Massachusetts Financial Services Company d/b/a MFS Investment Management |
1.04% | ^ | 13.60% | 13.38% | 12.22% | ||||||||||||
| Equity |
MFS®Massachusetts Investors Growth Stock — Massachusetts Financial Services Company d/b/a MFS Investment Management |
1.04% | 22.20% | 18.39% | 14.71% | |||||||||||||
| Speciality |
VanEck VIP Global Resources Fund(3) — Van Eck Associates Corporation |
1.38% | 18.83% | 5.93% | -3.83% | |||||||||||||
| ^ | This Portfolio’s annual expenses reflect temporary fee reductions. |
| (1) | 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 the prospectus. |
| (2) | This is the variable investment option’s new name. The variable investment option’s former name is Invesco V.I. Mid Cap Core Equity Fund which may continue to be used in certain documents for a period of time after the date of the prospectus. |
| (3) | 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 the prospectus. |
15
Investment Options: The following are Investment Options A and B, as referred to in the “Selecting your investment method” section in “Purchasing the contract” in the prospectus.
| Investments Options A | ||
| Guaranteed Interest Option | ||
| 1290 VT DoubleLine Dynamic Allocation |
EQ/Invesco Global Real Assets | |
| 1290 VT Equity Income |
EQ/Invesco International Growth | |
| 1290 VT GAMCO Mergers & Acquisitions |
EQ/Janus Enterprise | |
| 1290 VT GAMCO Small Company Value |
EQ/JPMorgan Value Opportunities | |
| 1290 VT Small Cap Value |
EQ/Large Cap Core Managed Volatility | |
| 1290 VT SmartBeta Equity |
EQ/Large Cap Growth Index | |
| 1290 VT Socially Responsible |
EQ/Large Cap Growth Managed Volatility | |
| EQ/2000 Managed Volatility |
EQ/Large Cap Value Index | |
| EQ/400 Managed Volatility |
EQ/Large Cap Value Managed Volatility | |
| EQ/500 Managed Volatility |
EQ/Lazard Emerging Markets Equity | |
| EQ/AB Dynamic Moderate Growth |
EQ/Loomis Sayles Growth | |
| EQ/AB Small Cap Growth |
EQ/MFS International Growth | |
| EQ/Aggressive Allocation |
EQ/MFS International Intrinsic Value | |
| EQ/Aggressive Growth Strategy |
EQ/MFS Mid Cap Focused Growth | |
| EQ/All Asset Growth Allocation |
EQ/MFS Technology | |
| EQ/American Century Mid Cap Value |
EQ/MFS Utilities | |
| EQ/Balanced Strategy |
EQ/Mid Cap Index | |
| EQ/Capital Group Research |
EQ/Mid Cap Value Managed Volatility | |
| EQ/ClearBridge Large Cap Growth |
EQ/Moderate Allocation | |
| EQ/Clearbridge Select Equity Managed Volatility |
EQ/Moderate Growth Strategy | |
| EQ/Common Stock Index |
EQ/Moderate Plus Allocation | |
| EQ/Conservative Allocation |
EQ/Morgan Stanley Small Cap Growth | |
| EQ/Conservative Growth Strategy |
EQ/Small Company Index | |
| EQ/Conservative Plus Allocation |
EQ/T. Rowe Price Growth Stock | |
| EQ/Conservative Strategy |
EQ/Value Equity | |
| EQ/Emerging Markets Equity PLUS |
EQ/Wellington Energy | |
| EQ/Equity 500 Index |
Invesco V.I. Main Street Mid Cap Core Equity | |
| EQ/Fidelity® Institutional AM® Large Cap |
Invesco V.I. Small Cap Equity | |
| EQ/Franklin Balanced Managed Volatility(1) |
MFS® Investors Trust | |
| EQ/Franklin Small Cap Value Managed Volatility |
MFS®Massachusetts Investors Growth Stock | |
| EQ/Global Equity Managed Volatility |
Multimanager Technology | |
| EQ/Goldman Sachs Mid Cap Value |
Target 2015 Allocation | |
| EQ/International Core Managed Volatility |
Target 2025 Allocation | |
| EQ/International Equity Index |
Target 2035 Allocation | |
| EQ/International Managed Volatility |
Target 2045 Allocation | |
| EQ/International Value Managed Volatility |
Target 2055 Allocation | |
| EQ/Invesco Comstock |
VanEck VIP Global Resources Fund | |
| EQ/Invesco Global |
||
| (1) | 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. |
16
| Investments Options B | ||
| EQ/Core Bond Index | EQ/PIMCO Global Real Return | |
| American Funds Insurance Series® The Bond Fund of America | EQ/PIMCO Ultra Short Bond | |
| EQ/Core Plus Bond | EQ/Quality Bond PLUS | |
| EQ/Global Bond PLUS(1) | Invesco V.I. High Yield | |
| EQ/Intermediate Government Bond | Ivy VIP High Income | |
| EQ/Money Market | Multimanager Core Bond | |
| (1) | 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. |
17
EQUI-VEST®
Employer-Sponsored Retirement Plans
A combination variable and fixed individual group flexible premium deferred annuity contract
Issued by
Equitable Financial Life Insurance Company
1290 Avenue of the Americas
New York, NY 10104
(212) 554-1234
This summary prospectus describes the important features of the contract and provides information about Equitable Financial Life Insurance Company (the “Company”, “we”, “our” and “us”).
We have filed with the Securities and Exchange Commission a prospectus and a Statement of Additional Information (“SAI”) that include additional information about EQUI-VEST® Employer-Sponsored Retirement Plans, the Company and Separate Account A. The prospectus and SAI each dated May 1, 2021, are incorporated by reference into this summary prospectus. The prospectus and SAI are available free of charge. To request a copy of either document, to ask about your contract, or to make other investor inquiries, please call (800) 628-6673. The prospectus and SAI are also available at our website, www.equitable.com/ICSR#EQH1446649.
Class/Contract Identifier: C000024805
EQUI-VEST® is issued by and is a registered service mark of Equitable Financial Life Insurance Company (Equitable).
Co-distributed by affiliates Equitable Advisors, LLC (Equitable Financial Advisors in MI and TN) and Equitable Distributors, LLC.,
1290 Avenue of the Americas, New York, NY 10104.
Copyright 2021 Equitable Financial Life Insurance Company. All rights reserved.
Equitable Financial Life Insurance Company, 1290 Avenue of the Americas, New York, NY 10104 (212) 554-1234