Separate Account A of Equitable Financial Life Insurance Co.
04/29/2024 | Press release | Distributed by Public on 04/29/2024 08:41
Updating Summary Prospectus - Form 497VPU
Series 900 - NB/IF and Series 901 - NB/IF
EQUI-VEST® Strategies (Series 900)
Equitable Financial Life Insurance Company
Issued through: Separate Account A
Summary Prospectus for Existing Investors
May 1, 2024
This summary prospectus (the "Summary Prospectus") summarizes key features of the contract. The statutory prospectus (the "prospectus") and Statement of Additional Information ("SAI") for the contract contain more information about the contract's features, benefits, and risks. The prospectus and SAI are incorporated by reference into this updating Summary Prospectus. You can find the current prospectus, SAI and other information about the contract online at www.equitable.com/ICSR#EQH146654. You can also obtain this information at no cost by calling 1-877-522-5035, by sending an email request to [email protected], or by calling your financial intermediary.
The EQUI-VEST® Strategies (Series 900) are variable and fixed deferred annuity contracts. 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.
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.
| #617726 |
Updated Information About Your Contract
The information in this Summary Prospectus is a summary of certain contract features that have changed since the prospectus dated May 1, 2023. This may not reflect all the changes that have occurred since you purchased your contract.
INVESTMENT OPTIONS
There have been changes to the Appendix listing the Portfolio Companies available under the contract in this summary prospectus.
Investment Option Name Changes: EQ/JPMorgan Growth Stock Portfolio (formerly EQ/T. Rowe Price Growth Stock Portfolio); Macquarie VIP High Income Series (formerly Delaware Ivy VIP High Income).
OTHER
Portfolio Reorganization: Certain portfolios of the EQ Premier VIP Trust (the "Acquired Trust Portfolios") were reorganized into substantially identical, newly created portfolios of the EQ Advisors Trust (the "Acquiring Trust Portfolios"). The investment objectives, policies, principal strategies, principal risks, and the fees and expenses of the Acquired Trust Portfolios and corresponding Acquiring Trust Portfolios are substantially identical, and their Investment Manager did not change. The Acquired Trust Portfolios under your contract were removed as investment options, and the corresponding Acquiring Trust Portfolios were added as available investment options (subject to any applicable allocation restrictions) without impacting your account value, investment allocations, or expenses.
Personal Income Benefit: The Personal Income Benefit is not available for contracts issued after November 10, 2023, please read the prospectus accordingly.
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 for up to 10 years following your last contribution, or during the first ten participation years depending on your plan, you will be assessed a withdrawal charge of up to 6% of account value withdrawn or 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. If amounts are withdrawn from a fixed maturity option before the maturity date, there will be a market value adjustment which could greatly reduce the value in your fixed maturity option. See the FMO 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 (including loans and 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 Personal Income Benefit option ("PIB"). Please refer to your contract specifications page of your certificate for information about the specific fees you will pay each year if you have elected the PIB. |
| Annual Fee | Minimum | Maximum | ||
|
Base Contract(1) |
0.25% | 1.20% | ||
|
Investment options (Portfolio fees and expenses)(2) |
0.57% | 2.65% | ||
|
Optional benefits available for an additional charge (for a single optional benefit, if elected)(3) |
0.15% | 1.00% | ||
|
(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, 2023 and could change from year to year. (3) Depending on the benefit elected, the charge may be expressed as an annual percentage of your account value (in case of the Enhanced death benefit), or as an annual percentage of the Personal Income Benefit account value (in case of the Personal Income Benefit). |
| 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 or make any other transactions, which could add withdrawal charges that substantially increase costs. |
|
Lowest Annual Cost $929 |
Highest Annual Cost $3,352 |
|
|
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, loans or withdrawals |
Assumes: • Investment of $100,000 • 5% annual appreciation • Most expensive combination of contract, optional benefits (Personal Income Benefit and Enhanced death benefit option) and Portfolio fees and expenses • No sales charges • No additional contributions, transfers, loans or withdrawals |
| For additional information about ongoing fees and expenses see "Fee table" in the prospectus. |
3
| 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 Guaranteed benefits. The general obligations including the guaranteed interest option, fixed maturity options, SIO 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/about-us/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 (including the Personal Income 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 the account value from any variable investment option to another variable investment option. 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 the DCA program. 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. You must choose one of the two investment methods: 1) Maximum investment option choice, or 2) Maximum transfer flexibility. For more information please see "Selecting your investment method" 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. |
4
| Optional Benefits |
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 funded the Personal Income Benefit (which is also known as the optional benefit) 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 Personal Income Benefit variable investment options, you may no longer be able to fund your Personal Income Benefit. Not all employer plans will offer loans. Loans are subject to restrictions under federal tax rules and ERISA. Automated transfer programs, including dollar cost averaging and asset rebalancing, are not available if you elect Semester Strategies. 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 benefit 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 contribute to your certificate" in "Purchasing the Contract" in the prospectus. See also "Personal Income Benefit", "Death benefits" and "Optional Semester Strategies program" in "Other Benefits" in "Benefits available under the contract" in the 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 additional information about tax implications see "Tax information" in the prospectus. |
|
| 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. |
5
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#EQH146654. You can request this information at no cost by calling 1-877-522-5035 or by sending an email request to [email protected]. If you elect a Guaranteed benefit, you may only invest in the Portfolios listed in the designated table below.
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:
| TYPE | Portfolio Company - Investment Adviser; Sub-Adviser(s), as applicable |
Current Expenses |
Average Annual Total Returns (as of 12/31/2023) |
|||||||||||||||
| 1 year | 5 year | 10 year | ||||||||||||||||
| Specialty |
1290 VT Convertible Securities - Equitable Investment Management Group, LLC ("EIMG"); SSGA Funds Management, Inc. |
0.90 | %^ | 13.73 | % | 9.37 | % | 6.84 | % | |||||||||
| Fixed Income |
1290 VT DoubleLine Opportunistic Bond - EIMG; DoubleLine Capital LP |
0.91 | %^ | 6.60 | % | 0.72 | % | - | ||||||||||
| Equity |
1290 VT Equity Income - EIMG; Barrow, Hanley, Mewhinney & Strauss, LLC d/b/a Barrow Hanley Global Investors |
0.95 | %^ | 5.49 | % | 10.25 | % | 7.23 | % | |||||||||
| Specialty |
1290 VT GAMCO Mergers & Acquisitions - EIMG; GAMCO Asset Management, Inc. |
1.29 | %^ | 9.53 | % | 4.22 | % | 3.39 | % | |||||||||
| Equity |
1290 VT GAMCO Small Company Value - EIMG; GAMCO Asset Management, Inc. |
1.06 | % | 21.04 | % | 12.82 | % | 7.94 | % | |||||||||
| Fixed Income |
1290 VT High Yield Bond - EIMG; AXA Investment Managers US Inc.,Post Advisory Group, LLC |
1.03 | %^ | 12.39 | % | 4.73 | % | 3.76 | % | |||||||||
| Equity |
1290 VT Small Cap Value - EIMG; BlackRock Investment Management, LLC,Horizon Kinetics Asset Management LLC |
1.17 | %^ | 5.79 | % | 12.69 | % | - | ||||||||||
| Equity |
1290 VT SmartBeta Equity ESG - EIMG; AXA Investment Managers US Inc. |
1.10 | %^ | 16.49 | % | 11.53 | % | 8.52 | % | |||||||||
| Equity |
1290 VT Socially Responsible - EIMG; BlackRock Investment Management, LLC |
0.92 | % | 27.50 | % | 15.12 | % | 11.32 | % | |||||||||
| Equity |
EQ/2000 Managed Volatility† - EIMG; AllianceBernstein L.P.,BlackRock Investment Management, LLC |
0.84 | % | 15.99 | % | 8.76 | % | 6.15 | % | |||||||||
| Equity |
EQ/400 Managed Volatility† - EIMG; AllianceBernstein L.P.,BlackRock Investment Management, LLC |
0.85 | %^ | 15.44 | % | 11.32 | % | 8.11 | % | |||||||||
| Equity |
EQ/500 Managed Volatility† - EIMG; AllianceBernstein L.P.,BlackRock Investment Management, LLC |
0.81 | % | 25.27 | % | 14.21 | % | 10.71 | % | |||||||||
| Asset Allocation |
EQ/AB Dynamic Moderate GrowthΔ - EIMG; AllianceBernstein L.P. |
1.13 | % | 12.96 | % | 5.50 | % | 4.15 | % | |||||||||
| Equity |
EQ/AB Small Cap Growth - EIMG; AllianceBernstein L.P. |
0.93 | % | 17.70 | % | 10.59 | % | 7.78 | % | |||||||||
| Equity |
EQ/AB Sustainable U.S. Thematic - EIMG; AllianceBernstein L.P. |
1.00 | %^ | 20.56 | % | - | - | |||||||||||
| Asset Allocation |
EQ/Aggressive Allocation† - EIMG |
1.18 | % | 18.37 | % | 10.23 | % | 7.07 | % | |||||||||
| Asset Allocation |
EQ/Aggressive Growth Strategy† - EIMG |
1.05 | % | 18.17 | % | 9.60 | % | 6.91 | % | |||||||||
| Asset Allocation |
EQ/All Asset Growth Allocation - EIMG |
1.25 | %^ | 14.15 | % | 7.70 | % | 5.27 | % | |||||||||
| Equity |
EQ/American Century Mid Cap Value - EIMG; American Century Investment Management, Inc. |
1.00 | %^ | 5.98 | % | 10.88 | % | - | ||||||||||
| Asset Allocation |
EQ/Balanced Strategy† - EIMG |
0.99 | % | 13.22 | % | 6.13 | % | 4.53 | % | |||||||||
| Equity |
EQ/Capital Group Research - EIMG; Capital International, Inc. |
0.97 | %^ | 22.98 | % | 14.97 | % | 11.34 | % | |||||||||
| Equity |
EQ/ClearBridge Large Cap Growth ESG - EIMG; ClearBridge Investments, LLC |
1.00 | %^ | 45.91 | % | 15.78 | % | 10.70 | % | |||||||||
| Equity |
EQ/ClearBridge Select Equity Managed Volatility† - EIMG; BlackRock Investment Management, LLC,ClearBridge Investments, LLC |
1.06 | %^ | 24.58 | % | 15.63 | % | 9.90 | % | |||||||||
| Equity |
EQ/Common Stock Index - EIMG; AllianceBernstein L.P. |
0.67 | %^ | 25.12 | % | 14.45 | % | 10.80 | % | |||||||||
| Asset Allocation |
EQ/Conservative Allocation† - EIMG |
1.00 | %^ | 8.02 | % | 2.60 | % | 2.15 | % | |||||||||
| Asset Allocation |
EQ/Conservative Growth Strategy† - EIMG |
0.98 | % | 11.55 | % | 4.96 | % | 3.73 | % |
6
| TYPE | Portfolio Company - Investment Adviser; Sub-Adviser(s), as applicable |
Current Expenses |
Average Annual Total Returns (as of 12/31/2023) |
|||||||||||||||
| 1 year | 5 year | 10 year | ||||||||||||||||
| Asset Allocation |
EQ/Conservative Strategy† - EIMG |
0.95 | %^ | 8.23 | % | 2.61 | % | 2.11 | % | |||||||||
| Asset Allocation |
EQ/Conservative-Plus Allocation† - EIMG |
0.85 | %^ | 10.86 | % | 4.76 | % | 3.57 | % | |||||||||
| Fixed Income |
EQ/Core Bond Index - EIMG; SSGA Funds Management, Inc. |
0.64 | %^ | 4.51 | % | 1.02 | % | 1.11 | % | |||||||||
| Fixed Income |
EQ/Core Plus Bond - EIMG; Brandywine Global Investment Management, LLC,Loomis, Sayles & Company, L.P. |
0.93 | %^ | 4.50 | % | 1.87 | % | 1.59 | % | |||||||||
| Equity |
EQ/Emerging Markets Equity PLUS - EIMG; AllianceBernstein L.P.,EARNEST Partners, LLC |
1.20 | %^ | 10.34 | % | 4.02 | % | 1.86 | % | |||||||||
| Equity |
EQ/Equity 500 Index - EIMG; AllianceBernstein L.P. |
0.54 | %^ | 25.57 | % | 15.04 | % | 11.37 | % | |||||||||
| Equity |
EQ/Fidelity Institutional AM® Large Cap - EIMG; FIAM LLC |
0.87 | %^ | 31.38 | % | 16.55 | % | - | ||||||||||
| Equity |
EQ/Franklin Small Cap Value Managed Volatility† - EIMG; BlackRock Investment Management, LLC,Franklin Mutual Advisers, LLC |
1.05 | %^ | 14.07 | % | 9.78 | % | 6.35 | % | |||||||||
| Equity |
EQ/Global Equity Managed Volatility† - EIMG; BlackRock Investment Management, LLC |
1.10 | %^ | 21.37 | % | 9.74 | % | 6.29 | % | |||||||||
| Equity |
EQ/Goldman Sachs Mid Cap Value - EIMG; Goldman Sachs Asset Management L.P. |
1.09 | %^ | 11.22 | % | 12.97 | % | - | ||||||||||
| Fixed Income |
EQ/Intermediate Government Bond - EIMG; SSGA Funds Management, Inc. |
0.64 | %^ | 3.85 | % | 0.39 | % | 0.56 | % | |||||||||
| Equity |
EQ/International Core Managed Volatility† - EIMG; BlackRock Investment Management, LLC |
1.06 | % | 16.85 | % | 7.96 | % | 3.55 | % | |||||||||
| Equity |
EQ/International Equity Index - EIMG; AllianceBernstein L.P. |
0.72 | %^ | 19.01 | % | 8.09 | % | 3.69 | % | |||||||||
| Equity |
EQ/International Managed Volatility† - EIMG; AllianceBernstein L.P.,BlackRock Investment Management, LLC |
0.87 | % | 16.86 | % | 7.32 | % | 3.27 | % | |||||||||
| Equity |
EQ/International Value Managed Volatility† - EIMG; BlackRock Investment Management, LLC,Harris Associates LP |
1.03 | % | 18.52 | % | 7.60 | % | 3.02 | % | |||||||||
| Equity |
EQ/Invesco Comstock - EIMG; Invesco Advisers, Inc. |
1.00 | %^ | 12.01 | % | 13.18 | % | 8.70 | % | |||||||||
| Equity |
EQ/Invesco Global - EIMG; Invesco Advisers, Inc. |
1.10 | %^ | 33.79 | % | 11.76 | % | 7.95 | % | |||||||||
| Specialty |
EQ/Invesco Global Real Assets - EIMG; Invesco Advisers, Inc. |
1.16 | % | 10.08 | % | 5.45 | % | - | ||||||||||
| Equity |
EQ/Janus Enterprise - EIMG; Janus Henderson Investors US LLC |
1.05 | % | 17.01 | % | 13.08 | % | 7.62 | % | |||||||||
| Equity |
EQ/JPMorgan Growth Stock - EIMG; J.P. Morgan Investment Management Inc. |
0.96 | %^ | 46.33 | % | 12.84 | % | 11.28 | % | |||||||||
| Equity |
EQ/JPMorgan Value Opportunities - EIMG; J.P. Morgan Investment Management Inc. |
0.96 | % | 10.90 | % | 14.17 | % | 10.12 | % | |||||||||
| Equity |
EQ/Large Cap Core Managed Volatility† - EIMG; BlackRock Investment Management, LLC |
0.90 | % | 23.98 | % | 14.26 | % | 10.58 | % | |||||||||
| Equity |
EQ/Large Cap Growth Index - EIMG; AllianceBernstein L.P. |
0.73 | % | 41.54 | % | 18.63 | % | 14.02 | % | |||||||||
| Equity |
EQ/Large Cap Growth Managed Volatility† - EIMG; BlackRock Investment Management, LLC |
0.88 | % | 38.97 | % | 16.20 | % | 12.47 | % | |||||||||
| Equity |
EQ/Large Cap Value Index - EIMG; AllianceBernstein L.P. |
0.74 | % | 10.71 | % | 10.15 | % | 7.66 | % | |||||||||
| Equity |
EQ/Large Cap Value Managed Volatility† - EIMG; AllianceBernstein L.P. |
0.87 | % | 14.01 | % | 10.78 | % | 7.82 | % | |||||||||
| Equity |
EQ/Lazard Emerging Markets Equity - EIMG; Lazard Asset Management LLC |
1.35 | %^ | 21.68 | % | 5.11 | % | - | ||||||||||
| Equity |
EQ/Loomis Sayles Growth - EIMG; Loomis, Sayles & Company, L.P. |
1.05 | %^ | 43.89 | % | 15.66 | % | 13.24 | % | |||||||||
| Equity |
EQ/MFS International Growth - EIMG; Massachusetts Financial Services Company d/b/a MFS Investment Management |
1.10 | %^ | 14.52 | % | 9.28 | % | 6.12 | % | |||||||||
| Equity |
EQ/MFS International Intrinsic Value - EIMG; Massachusetts Financial Services Company d/b/a MFS Investment Management |
1.15 | %^ | 17.37 | % | 8.29 | % | - | ||||||||||
| Equity |
EQ/MFS Mid Cap Focused Growth - EIMG; Massachusetts Financial Services Company d/b/a MFS Investment Management |
1.10 | %^ | 22.32 | % | 13.41 | % | - | ||||||||||
| Specialty |
EQ/MFS Technology - EIMG; Massachusetts Financial Services Company d/b/a MFS Investment Management |
1.14 | % | 54.10 | % | 17.38 | % | - | ||||||||||
| Specialty |
EQ/MFS Utilities Series - EIMG; Massachusetts Financial Services Company d/b/a MFS Investment Management |
1.05 | %^ | -2.36 | % | 8.01 | % | - | ||||||||||
| Equity |
EQ/Mid Cap Index - EIMG; AllianceBernstein L.P. |
0.65 | %^ | 15.77 | % | 11.88 | % | 8.54 | % | |||||||||
| Equity |
EQ/Mid Cap Value Managed Volatility† - EIMG; BlackRock Investment Management, LLC |
0.97 | % | 13.19 | % | 10.36 | % | 7.21 | % | |||||||||
| Asset Allocation |
EQ/Moderate Allocation† - EIMG |
1.11 | % | 12.35 | % | 5.76 | % | 4.18 | % | |||||||||
| Asset Allocation |
EQ/Moderate Growth Strategy† - EIMG |
1.01 | % | 14.86 | % | 7.31 | % | 5.34 | % |
7
| TYPE | Portfolio Company - Investment Adviser; Sub-Adviser(s), as applicable |
Current Expenses |
Average Annual Total Returns (as of 12/31/2023) |
|||||||||||||||
| 1 year | 5 year | 10 year | ||||||||||||||||
| Asset Allocation |
EQ/Moderate-Plus Allocation† - EIMG |
1.13 | % | 15.36 | % | 8.10 | % | 5.67 | % | |||||||||
| Cash/Cash Equivalent |
EQ/Money Market* - EIMG; Dreyfus, a division of Mellon Investments Corporation |
0.69 | % | 4.47 | % | 1.48 | % | 0.91 | % | |||||||||
| Equity |
EQ/Morgan Stanley Small Cap Growth - EIMG; BlackRock Investment Management, LLC,Morgan Stanley Investment Management, Inc. |
1.15 | %^ | 34.45 | % | 15.17 | % | - | ||||||||||
| Fixed Income |
EQ/PIMCO Global Real Return - EIMG; Pacific Investment Management Company LLC |
2.36 | %^ | 4.09 | % | 1.62 | % | 2.49 | % | |||||||||
| Fixed Income |
EQ/PIMCO Ultra Short Bond - EIMG; Pacific Investment Management Company LLC |
0.88 | %^ | 5.56 | % | 1.61 | % | 1.25 | % | |||||||||
| Fixed Income |
EQ/Quality Bond PLUS - EIMG; AllianceBernstein L.P.,Pacific Investment Management Company LLC |
0.86 | % | 4.19 | % | 0.51 | % | 0.84 | % | |||||||||
| Equity |
EQ/Small Company Index - EIMG; AllianceBernstein L.P. |
0.64 | % | 16.72 | % | 10.06 | % | 7.01 | % | |||||||||
| Equity |
EQ/Value Equity - EIMG; Aristotle Capital Management, LLC |
0.92 | % | 19.52 | % | 10.06 | % | 6.90 | % | |||||||||
| Specialty |
EQ/Wellington Energy - EIMG; Wellington Management Company LLP |
1.19 | %^ | 5.99 | % | 3.78 | % | - | ||||||||||
| Asset Allocation |
Equitable Conservative Growth MF/ETF Portfolio - EIMG |
1.10 | %^ | 9.86 | % | 7.20 | % | 4.77 | % | |||||||||
| Asset Allocation |
Equitable Growth MF/ETF - EIMG |
1.15 | %^ | 14.23 | % | - | - | |||||||||||
| Asset Allocation |
Equitable Moderate Growth MF/ETF - EIMG |
1.10 | %^ | 12.01 | % | - | - | |||||||||||
| Equity |
Multimanager Aggressive Equity - EIMG; AllianceBernstein L.P. |
1.00 | % | 38.30 | % | 15.92 | % | 12.48 | % | |||||||||
| Fixed Income |
Multimanager Core Bond - EIMG; BlackRock Financial Management, Inc.,DoubleLine Capital LP,Pacific Investment Management Company LLC,SSGA Funds Management, Inc. |
0.87 | %^ | 5.15 | % | 0.63 | % | 1.21 | % | |||||||||
| Specialty |
Multimanager Technology - EIMG; AllianceBernstein L.P.,FIAM LLC,Wellington Management Company LLP |
1.24 | %^ | 49.53 | % | 19.07 | % | 16.18 | % | |||||||||
| Asset Allocation |
Target 2015 Allocation - EIMG |
1.10 | %^ | 9.96 | % | 4.94 | % | 3.76 | % | |||||||||
| Asset Allocation |
Target 2025 Allocation - EIMG |
1.10 | %^ | 13.58 | % | 7.42 | % | 5.42 | % | |||||||||
| Asset Allocation |
Target 2035 Allocation - EIMG |
1.09 | % | 16.56 | % | 9.12 | % | 6.47 | % | |||||||||
| Asset Allocation |
Target 2045 Allocation - EIMG |
1.08 | % | 18.11 | % | 10.15 | % | 7.12 | % | |||||||||
| Asset Allocation |
Target 2055 Allocation - EIMG |
1.10 | %^ | 19.82 | % | 11.22 | % | - |
| ^ |
This Portfolio's annual expenses reflect temporary fee reductions. |
| Δ |
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 "Δ". Any such unaffiliated Portfolio is not identified in the chart. See "Portfolios of the Trusts" for more information regarding volatility management. |
| † |
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" 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. |
8
Unaffiliated Portfolio Companies:
|
TYPE |
Portfolio Company - Investment Adviser; Sub-Adviser(s), as applicable |
Current Expenses |
Average Annual Total Returns (as of 12/31/2023) |
|||||||||||||||
| 1 year | 5 year | 10 year | ||||||||||||||||
| Fixed Income | American Funds Insurance Series® The Bond Fund of America® - Capital Research and Management Company | 0.73 | %^ | 4.72 | % | 1.62 | % | 1.83 | % | |||||||||
| Fixed Income | Fidelity® VIP Investment Grade Bond Portfolio - Fidelity Management and Research Company (FMR) | 0.63 | % | 6.00 | % | 1.72 | % | 2.08 | % | |||||||||
| Fixed Income |
Invesco V.I. High Yield Fund - Invesco Advisers, Inc. |
1.15 | % | 9.77 | % | 3.76 | % | 2.96 | % | |||||||||
| Equity | Invesco V.I. Main Street Mid Cap Fund® - Invesco Advisers, Inc. | 1.19 | % | 14.14 | % | 10.32 | % | 6.45 | % | |||||||||
| Equity | Invesco V.I. Small Cap Equity Fund - Invesco Advisers, Inc. | 1.20 | % | 16.26 | % | 12.14 | % | 6.28 | % | |||||||||
| Fixed Income | Macquarie VIP High Income Series(1) - Delaware Management Company; Macquarie Investment Management Austria Kapitalanlage AG,Macquarie Investment Management Europe Limited,Macquarie Investment Management Global Limited | 0.96 | % | 11.95 | % | 4.46 | % | 3.70 | % | |||||||||
| Equity | MFS® Investors Trust Series - Massachusetts Financial Services Company | 1.03 | %^ | 18.66 | % | 13.27 | % | 10.00 | % | |||||||||
| Equity | MFS® Massachusetts Investors Growth Stock Portfolio - Massachusetts Financial Services Company | 0.98 | %^ | 23.70 | % | 16.39 | % | 12.44 | % | |||||||||
| Equity | Principal VC Equity Income Account - Principal Global Investors, LLC ("PGI") | 0.89 | % | 11.00 | % | - | - | |||||||||||
| Specialty | VanEck VIP Global Resources Fund - Van Eck Associates Corporation | 1.36 | % | -3.84 | % | 10.34 | % | -1.26 | % |
| ^ |
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 Delaware Ivy VIP High Income which may continue to be used in certain documents for a period of time after the date of this prospectus. |
9
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 Equity Income | EQ/Invesco Global Real Assets | |
| 1290 VT GAMCO Mergers & Acquisitions | EQ/Janus Enterprise | |
| 1290 VT GAMCO Small Company Value | EQ/JPMorgan Growth Stock | |
| 1290 VT Small Cap Value | EQ/JPMorgan Value Opportunities | |
| 1290 VT SmartBeta Equity ESG | EQ/Large Cap Core Managed Volatility | |
| 1290 VT Socially Responsible | EQ/Large Cap Growth Index | |
| EQ/2000 Managed Volatility | EQ/Large Cap Growth Managed Volatility | |
| EQ/400 Managed Volatility | EQ/Large Cap Value Index | |
| EQ/500 Managed Volatility | EQ/Large Cap Value Managed Volatility | |
| EQ/AB Dynamic Moderate Growth | EQ/Lazard Emerging Markets Equity | |
| EQ/AB Small Cap Growth | EQ/Loomis Sayles Growth | |
| EQ/AB Sustainable U.S. Thematic | EQ/MFS International Growth | |
| EQ/Aggressive Growth Strategy | EQ/MFS International Intrinsic Value | |
| EQ/All Asset Growth Allocation | EQ/MFS Mid Cap Focused Growth | |
| EQ/American Century Mid Cap Value | EQ/MFS Technology | |
| EQ/Balanced Strategy | EQ/MFS Utilities Series | |
| EQ/Capital Group Research | EQ/Mid Cap Index | |
| EQ/ClearBridge Large Cap Growth ESG | EQ/Mid Cap Value Managed Volatility | |
| EQ/ClearBridge Select Equity Managed Volatility | EQ/Moderate Growth Strategy | |
| EQ/Common Stock Index | EQ/Morgan Stanley Small Cap Growth | |
| EQ/Conservative Growth Strategy | EQ/Small Company Index | |
| EQ/Conservative Strategy | EQ/Value Equity | |
| EQ/Emerging Markets Equity PLUS | EQ/Wellington Energy | |
| EQ/Equity 500 Index | Equitable Conservative Growth MF/ETF | |
| EQ/Fidelity Institutional AM® Large Cap | Equitable Growth MF/ETF | |
| EQ/Franklin Small Cap Value Managed Volatility | Equitable Moderate Growth MF/ETF | |
| EQ/Global Equity Managed Volatility | Invesco V.I. Main Street Mid Cap Fund® | |
| EQ/Goldman Sachs Mid Cap Value | Invesco V.I. Small Cap Equity Fund | |
| EQ/International Core Managed Volatility | MFS® Investors Trust Series | |
| EQ/International Equity Index | MFS® Massachusetts Investors Growth Stock Portfolio | |
| EQ/International Managed Volatility | Multimanager Aggressive Equity | |
| EQ/International Value Managed Volatility | Multimanager Technology | |
| EQ/Invesco Comstock | Principal VC Equity Income Account | |
| EQ/Invesco Global | VanEck VIP Global Resources Fund |
10
| Investments Options B | ||
| 1290 VT Convertible Securities | EQ/Money Market | |
| 1290 VT DoubleLine Opportunistic Bond | EQ/PIMCO Global Real Return | |
| 1290 VT High Yield Bond | EQ/PIMCO Ultra Short Bond | |
| American Funds Insurance Series® The Bond Fund of America | EQ/Quality Bond PLUS | |
| Macquarie VIP High Income Series | Fidelity® VIP Investment Grade Bond Portfolio | |
| EQ/Core Bond Index | Invesco V.I. High Yield Fund | |
| EQ/Intermediate Government Bond | Multimanager Core Bond |
Personal Income Benefit variable investment options are limited to those listed below.
(The Personal Income Benefit is only available for contracts issued before November 10, 2023)
| For allocations to your Personal Income Benefit account value | For allocations to your Non-Personal Income Benefit account value | |
| Personal Income Benefit EQ/Balanced Strategy | EQ/Balanced Strategy | |
| Personal Income Benefit EQ/Conservative Growth Strategy | EQ/Conservative Growth Strategy | |
| Personal Income Benefit EQ/Conservative Strategy | EQ/Conservative Strategy | |
| Personal Income Benefit EQ/Moderate Growth Strategy | EQ/Moderate Growth Strategy | |
| Personal Income Benefit EQ/AB Dynamic Moderate Growth | EQ/AB Dynamic Moderate Growth |
11
EQUI-VEST® Strategies (Series 900)
Issued by
Equitable Financial Life Insurance Company
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® Strategies (Series 900), the Company and Separate Account A. The Prospectus and SAI each dated May 1, 2024 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#EQH146654.
Class/Contract Identifier: C000024809
(#617726)
EQUI-VEST® (Series 901)
Equitable Financial Life Insurance Company
Issued through: Separate Account A
Summary Prospectus for Existing Investors
May 1, 2024
This summary prospectus (the "Summary Prospectus") summarizes key features of the contract. The statutory prospectus (the "prospectus") and Statement of Additional Information ("SAI") for the contract contain more information about the contract's features, benefits, and risks. The prospectus and SAI are incorporated by reference into this updating Summary Prospectus. You can find the current prospectus, SAI and other information about the contract online at www.equitable.com/ICSR#EQH146659. You can also obtain this information at no cost by calling 1-877-522-5035, by sending an email request to [email protected], or by calling your financial intermediary.
The EQUI-VEST® (Series 901) are variable and fixed deferred annuity contracts. 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.
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.
Updated Information About Your Contract
The information in this Summary Prospectus is a summary of certain contract features that have changed since the prospectus dated May 1, 2023. This may not reflect all the changes that have occurred since you purchased your contract.
INVESTMENT OPTIONS
There have been changes to the Appendix listing the Portfolio Companies available under the contract in this summary prospectus.
Investment Option Name Changes: EQ/JPMorgan Growth Stock Portfolio (formerly EQ/T. Rowe Price Growth Stock Portfolio); Macquarie VIP High Income Series (formerly Delaware Ivy VIP High Income).
OTHER
Portfolio Reorganization: Certain portfolios of the EQ Premier VIP Trust (the "Acquired Trust Portfolios") were reorganized into substantially identical, newly created portfolios of the EQ Advisors Trust (the "Acquiring Trust Portfolios"). The investment objectives, policies, principal strategies, principal risks, and the fees and expenses of the Acquired Trust Portfolios and corresponding Acquiring Trust Portfolios are substantially identical, and their Investment Manager did not change. The Acquired Trust Portfolios under your contract were removed as investment options, and the corresponding Acquiring Trust Portfolios were added as available investment options (subject to any applicable allocation restrictions) without impacting your account value, investment allocations, or expenses.
Personal Income Benefit: The Personal Income Benefit is not available for contracts issued after November 10, 2023, please read the prospectus accordingly.
2
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 10 years following your last contribution, or during the first five participation years depending on your plan, you will be assessed a withdrawal charge of up to 6% of account value withdrawn or contributions withdrawn as set forth in the contract and participation certificate. 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 (including loans and 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 that the Company deducts" in "Charges and expenses" later 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 on the options you choose. Please refer to your contract specifications page of your certificate for information about the specific fees you will pay each year based on the options you have elected. |
||||||
| Annual Fee | Minimum | Maximum | |||||
|
Base Contract(1) |
0.00% |
1.15% |
|||||
|
Investment options (Portfolio fees and expenses)(2) |
0.57% |
2.65% |
|||||
|
Optional benefits available for an additional charge (for a single optional benefit, if elected)(3) |
0.15% |
1.00% |
|||||
|
(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, 2023 and could change from year to year. (3) Depending on the benefit elected, the charge may be expressed as an annual percentage of your account value (in case of the Enhanced death benefit), or as an annual percentage of the Personal Income Benefit account value (in case of the Personal Income Benefit). |
|||||||
|
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 or make any other transactions, which could add withdrawal charges that substantially increase costs. |
|||||||
|
Lowest Annual Cost $697 |
Highest Annual Cost $3,317 |
||||||
|
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, loans or withdrawals |
Assumes: • Investment of $100,000 • 5% annual appreciation • Most expensive combination of contract, optional benefits (Personal Income Benefit and Enhanced death benefit) and Portfolio fees and expenses • No sales charges • No additional contributions, transfers, loans or withdrawals |
||||||
|
For additional information about ongoing fees and expenses see "Fee Table" in the prospectus. |
3
| 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" later 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 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. 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 Guaranteed benefits. The general obligations including the guaranteed interest option, SIO, 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/about-us/financial-strength-ratings. For additional information about insurance company risks see "About the general account" in "More information" in this 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 (including the Personal 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 the account value from any variable investment option to another variable investment option. 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 the 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 A" in "More information" in the prospectus. You must choose one of the two investment methods: 1) Maximum investment option choice, or 2) Maximum transfer flexibility. For more information please see "Selecting your investment method" 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. |
4
| RESTRICTIONS | ||
| Optional Benefits |
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 funded the Personal Income Benefit (which is also known as the optional benefit) 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 Personal Income Benefit variable investment options, you may no longer be able to fund your Personal Income Benefit. Not all employer plans will offer loans. Loans are subject to restrictions under federal tax rules and ERISA. Automated transfer programs, including dollar cost averaging and asset rebalancing, are not available if you elect Semester Strategies. 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 benefit 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 "Personal Income Benefit", "Death benefits", and "Optional Semester Strategies program" in "Other Benefits" in "Benefits available under the contract" in the 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 funding vehicle for employers' Internal Revenue Code 403(b) plans: a 403(b) TSA annuity contract or 403(b)(7) custodial account and Internal Revenue Code Section 457(b) employee deferred compensation ("EDC") plans. 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. |
|
| 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. |
5
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#EQH146659. You can request this information at no cost by calling 1-877-522-5035 or by sending an email request to [email protected]. If you elect a Guaranteed benefit, you may only invest in the Portfolios listed in the designated table below.
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:
| TYPE | Portfolio Company - Investment Adviser; Sub-Adviser(s), as applicable |
Current |
Average Annual Total Returns (as of 12/31/2023) |
|||||||||||||||
| 1 year | 5 year | 10 year | ||||||||||||||||
|
Specialty |
1290 VT Convertible Securities - Equitable Investment Management Group, LLC ("EIMG"); SSGA Funds Management, Inc. |
0.90% | ^ | 13.73% | 9.37% | 6.84% | ||||||||||||
|
Fixed Income |
1290 VT DoubleLine Opportunistic Bond - EIMG; DoubleLine Capital LP |
0.91% | ^ | 6.60% | 0.72% | - | ||||||||||||
|
Equity |
1290 VT Equity Income - EIMG; Barrow, Hanley, Mewhinney & Strauss, LLC d/b/a Barrow Hanley Global Investors |
0.95% | ^ | 5.49% | 10.25% | 7.23% | ||||||||||||
|
Equity |
1290 VT GAMCO Small Company Value - EIMG; GAMCO Asset Management, Inc. |
1.06% | 21.04% | 12.82% | 7.94% | |||||||||||||
|
Fixed Income |
1290 VT High Yield Bond - EIMG; AXA Investment Managers US Inc., Post Advisory Group, LLC |
1.03% | ^ | 12.39% | 4.73% | 3.76% | ||||||||||||
|
Equity |
1290 VT Small Cap Value - EIMG; BlackRock Investment Management, LLC, Horizon Kinetics Asset Management LLC |
1.17% | ^ | 5.79% | 12.69% | - | ||||||||||||
|
Equity |
1290 VT SmartBeta Equity ESG - EIMG; AXA Investment Managers US Inc. |
1.10% | ^ | 16.49% | 11.53% | 8.52% | ||||||||||||
|
Equity |
1290 VT Socially Responsible - EIMG; BlackRock Investment Management, LLC |
0.92% | 27.50% | 15.12% | 11.32% | |||||||||||||
|
Equity |
EQ/2000 Managed Volatility† - EIMG; AllianceBernstein L.P., BlackRock Investment Management, LLC |
0.84% | 15.99% | 8.76% | 6.15% | |||||||||||||
|
Equity |
EQ/400 Managed Volatility† - EIMG; AllianceBernstein L.P., BlackRock Investment Management, LLC |
0.85% | ^ | 15.44% | 11.32% | 8.11% | ||||||||||||
|
Equity |
EQ/500 Managed Volatility† - EIMG; AllianceBernstein L.P., BlackRock Investment Management, LLC |
0.81% | 25.27% | 14.21% | 10.71% | |||||||||||||
|
Asset Allocation |
EQ/AB Dynamic Moderate GrowthΔ - EIMG; AllianceBernstein L.P. |
1.13% | 12.96% | 5.50% | 4.15% | |||||||||||||
|
Equity |
EQ/AB Small Cap Growth - EIMG; AllianceBernstein L.P. |
0.93% | 17.70% | 10.59% | 7.78% | |||||||||||||
|
Equity |
EQ/AB Sustainable U.S. Thematic - EIMG; AllianceBernstein L.P. |
1.00% | ^ | 20.56% | - | - | ||||||||||||
|
Asset Allocation |
EQ/Aggressive Allocation† - EIMG |
1.18% | 18.37% | 10.23% | 7.07% | |||||||||||||
|
Asset Allocation |
EQ/Aggressive Growth Strategy† - EIMG |
1.05% | 18.17% | 9.60% | 6.91% | |||||||||||||
|
Asset Allocation |
EQ/All Asset Growth Allocation - EIMG |
1.25% | ^ | 14.15% | 7.70% | 5.27% | ||||||||||||
|
Equity |
EQ/American Century Mid Cap Value - EIMG; American Century Investment Management, Inc. |
1.00% | ^ | 5.98% | 10.88% | - | ||||||||||||
|
Asset Allocation |
EQ/Balanced Strategy† - EIMG |
0.99% | 13.22% | 6.13% | 4.53% | |||||||||||||
|
Equity |
EQ/ClearBridge Select Equity Managed Volatility† - EIMG; BlackRock Investment Management, LLC, ClearBridge Investments, LLC |
1.06% | ^ | 24.58% | 15.63% | 9.90% | ||||||||||||
|
Equity |
EQ/Common Stock Index - EIMG; AllianceBernstein L.P. |
0.67% | ^ | 25.13% | 14.45% | 10.79% | ||||||||||||
|
Asset Allocation |
EQ/Conservative Allocation† - EIMG |
1.00% | ^ | 8.02% | 2.60% | 2.15% | ||||||||||||
|
Asset Allocation |
EQ/Conservative Growth Strategy† - EIMG |
0.98% | 11.55% | 4.96% | 3.73% | |||||||||||||
|
Asset Allocation |
EQ/Conservative Strategy† - EIMG |
0.95% | ^ | 8.23% | 2.61% | 2.11% | ||||||||||||
|
Asset Allocation |
EQ/Conservative-Plus Allocation† - EIMG |
0.85% | ^ | 10.86% | 4.76% | 3.57% | ||||||||||||
|
Fixed Income |
EQ/Core Bond Index - EIMG; SSGA Funds Management, Inc. |
0.64% | ^ | 4.51% | 1.02% | 1.11% | ||||||||||||
|
Fixed Income |
EQ/Core Plus Bond - EIMG; Brandywine Global Investment Management, LLC, Loomis, Sayles & Company, L.P. |
0.93% | ^ | 4.51% | 1.94% | 1.60% | ||||||||||||
|
Equity |
EQ/Emerging Markets Equity PLUS - EIMG; AllianceBernstein L.P., EARNEST Partners, LLC |
1.20% | ^ | 10.34% | 4.02% | 1.86% |
6
| TYPE | Portfolio Company - Investment Adviser; Sub-Adviser(s), as applicable |
Current |
Average Annual Total Returns (as of 12/31/2023) |
|||||||||||||||
| 1 year | 5 year | 10 year | ||||||||||||||||
|
Equity |
EQ/Equity 500 Index - EIMG; AllianceBernstein L.P. |
0.54% | ^ | 25.57% | 15.03% | 11.37% | ||||||||||||
|
Equity |
EQ/Fidelity Institutional AM® Large Cap - EIMG; FIAM LLC |
0.87% | ^ | 31.38% | 16.55% | - | ||||||||||||
|
Equity |
EQ/Franklin Small Cap Value Managed Volatility† - EIMG; BlackRock Investment Management, LLC, Franklin Mutual Advisers, LLC |
1.05% | ^ | 14.07% | 9.78% | 6.35% | ||||||||||||
|
Equity |
EQ/Global Equity Managed Volatility† - EIMG; BlackRock Investment Management, LLC |
1.10% | ^ | 21.37% | 9.74% | 6.29% | ||||||||||||
|
Equity |
EQ/Goldman Sachs Mid Cap Value - EIMG; Goldman Sachs Asset Management L.P. |
1.09% | ^ | 11.22% | 12.97% | - | ||||||||||||
|
Fixed Income |
EQ/Intermediate Government Bond - EIMG; SSGA Funds Management, Inc. |
0.64% | ^ | 3.87% | 0.39% | 0.56% | ||||||||||||
|
Equity |
EQ/International Core Managed Volatility† - EIMG; BlackRock Investment Management, LLC |
1.06% | 16.85% | 7.96% | 3.55% | |||||||||||||
|
Equity |
EQ/International Equity Index - EIMG; AllianceBernstein L.P. |
0.72% | ^ | 19.04% | 8.10% | 3.69% | ||||||||||||
|
Equity |
EQ/International Managed Volatility† - EIMG; AllianceBernstein L.P., BlackRock Investment Management, LLC |
0.87% | 16.86% | 7.32% | 3.27% | |||||||||||||
|
Equity |
EQ/International Value Managed Volatility† - EIMG; BlackRock Investment Management, LLC, Harris Associates LP |
1.03% | 18.52% | 7.60% | 3.02% | |||||||||||||
|
Equity |
EQ/Invesco Comstock - EIMG; Invesco Advisers, Inc. |
1.00% | ^ | 12.01% | 13.18% | 8.70% | ||||||||||||
|
Equity |
EQ/Invesco Global - EIMG; Invesco Advisers, Inc. |
1.10% | ^ | 33.79% | 11.76% | 7.95% | ||||||||||||
|
Specialty |
EQ/Invesco Global Real Assets - EIMG; Invesco Advisers, Inc. |
1.16% | 10.08% | 5.45% | - | |||||||||||||
|
Equity |
EQ/Janus Enterprise - EIMG; Janus Henderson Investors US LLC |
1.05% | 17.01% | 13.08% | 7.62% | |||||||||||||
|
Equity |
EQ/JPMorgan Growth Stock - EIMG; J.P. Morgan Investment Management Inc. |
0.96% | ^ | 46.33% | 12.84% | 11.28% | ||||||||||||
|
Equity |
EQ/JPMorgan Value Opportunities - EIMG; J.P. Morgan Investment Management Inc. |
0.96% | 10.90% | 14.17% | 10.12% | |||||||||||||
|
Equity |
EQ/Large Cap Core Managed Volatility† - EIMG; BlackRock Investment Management, LLC |
0.90% | 23.98% | 14.26% | 10.58% | |||||||||||||
|
Equity |
EQ/Large Cap Growth Index - EIMG; AllianceBernstein L.P. |
0.73% | 41.54% | 18.63% | 14.02% | |||||||||||||
|
Equity |
EQ/Large Cap Growth Managed Volatility† - EIMG; BlackRock Investment Management, LLC |
0.88% | 38.97% | 16.20% | 12.47% | |||||||||||||
|
Equity |
EQ/Large Cap Value Index - EIMG; AllianceBernstein L.P. |
0.74% | 10.71% | 10.15% | 7.66% | |||||||||||||
|
Equity |
EQ/Large Cap Value Managed Volatility† - EIMG; AllianceBernstein L.P. |
0.87% | 14.01% | 10.78% | 7.82% | |||||||||||||
|
Equity |
EQ/Lazard Emerging Markets Equity - EIMG; Lazard Asset Management LLC |
1.35% | ^ | 21.68% | 5.11% | - | ||||||||||||
|
Equity |
EQ/Loomis Sayles Growth - EIMG; Loomis, Sayles & Company, L.P. |
1.05% | ^ | 43.89% | 15.66% | 13.24% | ||||||||||||
|
Equity |
EQ/MFS International Growth - EIMG; Massachusetts Financial Services Company d/b/a MFS Investment Management |
1.10% | ^ | 14.52% | 9.28% | 6.12% | ||||||||||||
|
Equity |
EQ/MFS International Intrinsic Value - EIMG; Massachusetts Financial Services Company d/b/a MFS Investment Management |
1.15% | ^ | 17.37% | 8.29% | - | ||||||||||||
|
Equity |
EQ/MFS Mid Cap Focused Growth - EIMG; Massachusetts Financial Services Company d/b/a MFS Investment Management |
1.10% | ^ | 22.32% | 13.41% | - | ||||||||||||
|
Specialty |
EQ/MFS Technology - EIMG; Massachusetts Financial Services Company d/b/a MFS Investment Management |
1.14% | 54.10% | 17.38% | - | |||||||||||||
|
Specialty |
EQ/MFS Utilities Series - EIMG; Massachusetts Financial Services Company d/b/a MFS Investment Management |
1.05% | ^ | -2.36% | 8.01% | - | ||||||||||||
|
Equity |
EQ/Mid Cap Index - EIMG; AllianceBernstein L.P. |
0.65% | ^ | 15.77% | 11.88% | 8.54% | ||||||||||||
|
Equity |
EQ/Mid Cap Value Managed Volatility† - EIMG; BlackRock Investment Management, LLC |
0.97% | 13.19% | 10.36% | 7.21% | |||||||||||||
|
Asset Allocation |
EQ/Moderate Allocation† - EIMG |
1.11% | 12.31% | 5.76% | 4.17% | |||||||||||||
|
Asset Allocation |
EQ/Moderate Growth Strategy† - EIMG |
1.01% | 14.86% | 7.31% | 5.34% | |||||||||||||
|
Asset Allocation |
EQ/Moderate-Plus Allocation† - EIMG |
1.13% | 15.36% | 8.10% | 5.67% | |||||||||||||
|
Cash/Cash Equivalent |
EQ/Money Market* - EIMG; Dreyfus, a division of Mellon Investments Corporation |
0.69% | 4.47% | 1.48% | 0.90% | |||||||||||||
|
Equity |
EQ/Morgan Stanley Small Cap Growth - EIMG; BlackRock Investment Management, LLC, Morgan Stanley Investment Management, Inc. |
1.15% | ^ | 34.45% | 15.17% | - | ||||||||||||
|
Fixed Income |
EQ/PIMCO Global Real Return - EIMG; Pacific Investment Management Company LLC |
2.36% | ^ | 4.09% | 1.62% | 2.49% | ||||||||||||
|
Fixed Income |
EQ/PIMCO Ultra Short Bond - EIMG; Pacific Investment Management Company LLC |
0.88% | ^ | 5.56% | 1.61% | 1.25% | ||||||||||||
|
Fixed Income |
EQ/Quality Bond PLUS - EIMG; AllianceBernstein L.P., Pacific Investment Management Company LLC |
0.86% | 4.35% | 0.51% | 0.84% | |||||||||||||
|
Equity |
EQ/Small Company Index - EIMG; AllianceBernstein L.P. |
0.64% | 16.72% | 10.06% | 7.01% | |||||||||||||
|
Equity |
EQ/Value Equity - EIMG; Aristotle Capital Management, LLC |
0.92% | 19.52% | 10.06% | 6.90% | |||||||||||||
|
Specialty |
EQ/Wellington Energy - EIMG; Wellington Management Company LLP |
1.19% | ^ | 5.99% | 3.78% | - | ||||||||||||
|
Asset Allocation |
Equitable Conservative Growth MF/ETF Portfolio - EIMG |
1.10% | ^ | 9.86% | 7.20% | 4.77% | ||||||||||||
|
Asset Allocation |
Equitable Growth MF/ETF - EIMG |
1.15% | ^ | 14.23% | - | - | ||||||||||||
|
Asset Allocation |
Equitable Moderate Growth MF/ETF - EIMG |
1.10% | ^ | 12.01% | - | - | ||||||||||||
|
Equity |
Multimanager Aggressive Equity - EIMG; AllianceBernstein L.P. |
1.00% | 38.29% | 15.92% | 12.48% |
7
| TYPE | Portfolio Company - Investment Adviser; Sub-Adviser(s), as applicable |
Current |
Average Annual Total Returns (as of 12/31/2023) |
|||||||||||||||
| 1 year | 5 year | 10 year | ||||||||||||||||
|
Fixed Income |
Multimanager Core Bond - EIMG; BlackRock Financial Management, Inc., DoubleLine Capital LP, Pacific Investment Management Company LLC, SSGA Funds Management, Inc. |
0.87% | ^ | 5.15% | 0.63% | 1.21% | ||||||||||||
|
Specialty |
Multimanager Technology - EIMG; AllianceBernstein L.P., FIAM LLC, Wellington Management Company LLP |
1.24% | ^ | 49.53% | 19.07% | 16.18% | ||||||||||||
|
Asset Allocation |
Target 2015 Allocation - EIMG |
1.10% | ^ | 9.96% | 4.94% | 3.76% | ||||||||||||
|
Asset Allocation |
Target 2025 Allocation - EIMG |
1.10% | ^ | 13.58% | 7.42% | 5.42% | ||||||||||||
|
Asset Allocation |
Target 2035 Allocation - EIMG |
1.09% | 16.56% | 9.12% | 6.47% | |||||||||||||
|
Asset Allocation |
Target 2045 Allocation - EIMG |
1.08% | 18.11% | 10.15% | 7.12% | |||||||||||||
|
Asset Allocation |
Target 2055 Allocation - EIMG |
1.10% | ^ | 19.82% | 11.22% | - |
| ^ |
This Portfolio's annual expenses reflect temporary fee reductions. |
| Δ |
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 "Δ". Any such unaffiliated Portfolio is not identified in the chart. See "Portfolios of the Trusts" for more information regarding volatility management. |
| † |
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" 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. |
8
Unaffiliated Portfolio Companies:
| TYPE | Portfolio Company - Investment Adviser; Sub-Adviser(s), as applicable |
Current |
Average Annual Total Returns (as of 12/31/2023) |
|||||||||||||||
| 1 year | 5 year | 10 year | ||||||||||||||||
|
Fixed Income |
American Funds Insurance Series® The Bond Fund of America® - Capital Research and Management Company |
0.73% | ^ | 4.72% | 1.62% | 1.83% | ||||||||||||
|
Equity |
Fidelity® VIP Equity-Income PortfolioSM - Fidelity Management and Research Company (FMR) |
0.72% | 10.38% | 12.01% | 8.31% | |||||||||||||
|
Fixed Income |
Fidelity® VIP Investment Grade Bond Portfolio - Fidelity Management and Research Company (FMR) |
0.63% | 6.00% | 1.72% | 2.08% | |||||||||||||
|
Equity |
Fidelity® VIP Mid Cap Portfolio - Fidelity Management and Research Company (FMR) |
0.82% | 14.80% | 12.17% | 7.86% | |||||||||||||
|
Equity |
Invesco V.I. Diversified Dividend Fund - Invesco Advisers, Inc. |
0.93% | 8.77% | 9.53% | 7.53% | |||||||||||||
|
Fixed Income |
Invesco V.I. High Yield Fund - Invesco Advisers, Inc. |
1.15% | 9.77% | 3.76% | 2.96% | |||||||||||||
|
Equity |
Invesco V.I. Main Street Mid Cap Fund® - Invesco Advisers, Inc. |
1.19% | 14.14% | 10.32% | 6.45% | |||||||||||||
|
Equity |
Invesco V.I. Small Cap Equity Fund - Invesco Advisers, Inc. |
1.20% | 16.26% | 12.14% | 6.28% | |||||||||||||
|
Fixed Income |
Macquarie VIP High Income Series(1) - Delaware Management Company; Macquarie Investment Management Austria Kapitalanlage AG, Macquarie Investment Management Europe Limited, Macquarie Investment Management Global Limited |
0.96% | 11.95% | 4.46% | 3.70% | |||||||||||||
|
Equity |
MFS® Investors Trust Series - Massachusetts Financial Services Company |
1.03% | ^ | 18.66% | 13.27% | 10.00% | ||||||||||||
|
Equity |
MFS® Massachusetts Investors Growth Stock Portfolio - Massachusetts Financial Services Company |
0.98% | ^ | 23.70% | 16.39% | 12.44% | ||||||||||||
|
Specialty |
PIMCO CommodityRealReturn® Strategy Portfolio - Pacific Investment Management Company LLC |
1.58% | ^ | -7.93% | 8.46% | -0.90% | ||||||||||||
|
Equity |
Principal VC Equity Income Account - Principal Global Investors, LLC ("PGI") |
0.89% | 11.00% | - | - | |||||||||||||
|
Fixed Income |
Templeton Global Bond VIP Fund - Franklin Advisers, Inc. |
0.75% | ^ | 2.88% | -2.13% | -0.66% | ||||||||||||
|
Specialty |
VanEck VIP Global Resources Fund - Van Eck Associates Corporation |
1.36% | -3.84% | 10.34% | -1.26% |
| ^ |
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 Delaware Ivy VIP High Income which may continue to be used in certain documents for a period of time after the date of this prospectus. |
9
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 Equity Income |
EQ/Large Cap Core Managed Volatility | |
|
1290 VT GAMCO Small Company Value |
EQ/Large Cap Growth Index | |
|
1290 VT Small Cap Value |
EQ/Large Cap Growth Managed Volatility | |
|
1290 VT SmartBeta Equity ESG |
EQ/Large Cap Value Index | |
|
1290 VT Socially Responsible |
EQ/Large Cap Value Managed Volatility | |
|
EQ/2000 Managed Volatility |
EQ/Lazard Emerging Markets Equity | |
|
EQ/400 Managed Volatility |
EQ/Loomis Sayles Growth | |
|
EQ/500 Managed Volatility |
EQ/MFS International Growth | |
|
EQ/AB Dynamic Moderate Growth |
EQ/MFS International Intrinsic Value | |
|
EQ/AB Small Cap Growth |
EQ/MFS Mid Cap Focused Growth | |
|
EQ/AB Sustainable U.S. Thematic |
EQ/MFS Technology | |
|
EQ/Aggressive Growth Strategy |
EQ/MFS Utilities Series | |
|
EQ/All Asset Growth Allocation |
EQ/Mid Cap Index | |
|
EQ/American Century Mid Cap Value |
EQ/Mid Cap Value Managed Volatility | |
|
EQ/Balanced Strategy |
EQ/Moderate Growth Strategy | |
|
EQ/ClearBridge Select Equity Managed Volatility |
EQ/Morgan Stanley Small Cap Growth | |
|
EQ/Common Stock Index |
EQ/Small Company Index | |
|
EQ/Conservative Growth Strategy |
EQ/Value Equity | |
|
EQ/Conservative Strategy |
EQ/Wellington Energy | |
|
EQ/Emerging Markets Equity PLUS |
Equitable Conservative Growth MF/ETF | |
|
EQ/Equity 500 Index |
Equitable Growth MF/ETF | |
|
EQ/Fidelity Institutional AM® Large Cap |
Equitable Moderate Growth MF/ETF | |
|
EQ/Franklin Small Cap Value Managed Volatility |
Fidelity® VIP Equity-Income PortfolioSM | |
|
EQ/Global Equity Managed Volatility |
Fidelity® VIP Mid Cap Portfolio | |
|
EQ/Goldman Sachs Mid Cap Value |
Invesco V.I. Diversified Dividend Fund | |
|
EQ/International Core Managed Volatility |
Invesco V.I. Main Street Mid Cap Fund® | |
|
EQ/International Equity Index |
Invesco V.I. Small Cap Equity Fund | |
|
EQ/International Managed Volatility |
MFS® Investors Trust Series | |
|
EQ/International Value Managed Volatility |
MFS® Massachusetts Investors Growth Stock Portfolio | |
|
EQ/Invesco Comstock |
Multimanager Aggressive Equity | |
|
EQ/Invesco Global |
Multimanager Technology | |
|
EQ/Invesco Global Real Assets |
PIMCO VIT CommodityRealReturn Strategy | |
|
EQ/Janus Enterprise |
Principal VC Equity Income Account | |
|
EQ/JPMorgan Growth Stock |
VanEck VIP Global Resources Fund | |
|
EQ/JPMorgan Value Opportunities |
10
| Investments Options B | ||
|
1290 VT Convertible Securities |
EQ/PIMCO Ultra Short Bond | |
|
1290 VT DoubleLine Opportunistic Bond |
EQ/Quality Bond PLUS | |
|
1290 VT High Yield Bond |
Fidelity® VIP Investment Grade Bond Portfolio | |
|
American Funds Insurance Series® The Bond Fund of America |
Invesco V.I. High Yield Fund | |
|
EQ/Core Bond Index |
Macquarie VIP High Income Series | |
|
EQ/Intermediate Government Bond |
Multimanager Core Bond | |
|
EQ/Money Market |
Templeton Global Bond VIP Fund | |
|
EQ/PIMCO Global Real Return |
Personal Income Benefit variable investment options are limited to those listed below.
(The Personal Income Benefit is only available for contracts issued before November 10, 2023)
| For allocations to your Personal Income Benefit account value | For allocations to your Non-Personal Income Benefit account value | |
| Personal Income Benefit EQ/Balanced Strategy | EQ/Balanced Strategy | |
| Personal Income Benefit EQ/Conservative Growth Strategy | EQ/Conservative Growth Strategy | |
| Personal Income Benefit EQ/Conservative Strategy | EQ/Conservative Strategy | |
| Personal Income Benefit EQ/Moderate Growth Strategy | EQ/Moderate Growth Strategy | |
| Personal Income Benefit EQ/AB Dynamic Moderate Growth | EQ/AB Dynamic Moderate Growth |
11
EQUI-VEST® Strategies (Series 901)
Issued by
Equitable Financial Life Insurance Company
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® Strategies (Series 901), the Company and Separate Account A. The Prospectus and SAI each dated May 1, 2024 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#EQH146659.
Class/Contract Identifier: C000078184
(#604286)