Equitable America Variable Account No70A

04/29/2024 | Press release | Distributed by Public on 04/29/2024 07:51

Summary Prospectus for New Investors by Investment Company - Form 497VPI

Investment Edge 15.0

Investment Edge® 15.0

Equitable Financial Life Insurance Company of America

Equitable Financial Life Insurance Company

Issued through: Equitable America Variable Account No. 70A and Separate Account No. 70

Contract Classes: Investment Edge®, Investment Edge® Select, Investment Edge® ADV

Summary Prospectus for New Investors

May 1, 2024

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#EQH154183. 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.

You invest to accumulate value on a tax-deferred basis in one or more of our investment options: (i) variable investment options listed in Appendix "Portfolio Companies available under the contract" and (ii) the account for dollar cost averaging.

The Investment Edge® ADV series is available through advisors who charge an advisory fee for their services, and this fee is in addition to contract fees and expenses. If you elect to pay the advisory fee from your account value, then this deduction will be treated as a withdrawal and will reduce the standard death benefit, the Protected premium death benefit, and payments under the Income Edge payment program, and may also be subject to federal and state income taxes and a 10% federal penalty tax.

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 the Protected premium death benefit 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 benefit. This means that you may no longer be able to increase your benefit base through contributions.

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.

Important Information You Should Consider About The Contract

FEES AND EXPENSES
Charges for Early Withdrawals

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

Investment Edge® - If you surrender your contract, apply cash value to a non-life contingent annuity payout option, or withdraw money from an Investment Edge® contract within 6 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.

Investment Edge®Select - No withdrawal charge.

Investment Edge®ADV - No withdrawal charge.

For additional information about charges for surrenders and early withdrawals see "Withdrawal charge" in "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, third-party transfers or exchanges, or when you transfer between investment options in excess a certain number).

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

Ongoing Fees and Expenses (annual charges) Each series of the contract provides for different ongoing fees and expenses. The table below describes the fees and expenses that you may pay each year under the contract, depending on the options you choose. For Investment Edge® ADV contracts, the fees and expenses in the table below do not reflect any advisory fees paid to financial intermediaries from the contract value or other assets of the owner; if such fees were reflected the below fees and charges would be higher. 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.
Annual Fee Minimum Maximum
Base Contract (varies by contract series)(1) 0.30% 1.25%
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) 0.60% 40.00%

(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)  Expressed as an annual percentage of the Net Amount at Risk.

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
$837 		Highest Annual Cost
$3,282

Assumes:

•   Investment of $100,000

•   5% annual appreciation

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

•   No sales charges or advisory fees

•   No additional contributions, transfers or withdrawals

Assumes:

•   Investment of $100,000

•   5% annual appreciation

•   Most expensive combination of contract series (Investment Edge® Select), optional benefits (Protected premium death benefit) and Portfolio fees and expenses

•   No sales charges or advisory fees

•   No additional contributions, transfers or withdrawals

For additional information about ongoing fees and expenses see "Fee Table" in the Prospectus.

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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 has its own unique risks. You should review the investment options available under the contract before making an investment decision.

For additional information about the risks associated with investment options see "Variable investment options" and "Portfolios of the Trusts" in "Purchasing the Contract" in the 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. The general obligations 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 https://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 and to limit the number of variable investment options which you may select. Such rights include, among others, combining any two or more variable investment options and transferring account value from any variable investment option to another variable investment option.

For more information see "About the Separate Account" in "More information" in the Prospectus.

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

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

Optional Benefits

At any time, we have the right to limit or terminate your ability to contribute to any of the investment options. If you have one or more guaranteed benefits like the Protected premium death benefit or Income Edge payment program (which are also known as optional benefits) and we exercise our right to discontinue the acceptance of, and/or place additional limitations on, contributions to the contract, you may no longer be able to fund your guaranteed benefit(s).

Withdrawals, including withdrawals to pay advisory fees, 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.

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RESTRICTIONS

If you purchase an Investment Edge® ADV contract and you elect to pay the advisory fee from your account value, then this deduction will be treated as a withdrawal and will reduce the standard death benefit, the Protected premium death benefit, and payments under the Income Edge payment program, and may also be subject to federal and state income taxes and a 10% federal penalty tax. See "Fee based programs" in "Purchasing the contract" in the Prospectus.

For additional information about the optional benefits see "How you can purchase and contribute to your contract" in "Purchasing the contract" and "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.

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Overview of the Contract

Purpose of the Contract

The contract is designed to help you accumulate assets through investments in underlying Portfolios 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 death benefits 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, and
• the account for dollar cost averaging.

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; or (3) 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 and death benefit protection, and offers various payout options.

Contract Classes

You can purchase one of three contract classes that have different ongoing fees and withdrawal charges. For example, the contract offers Investment Edge® with a 6 year withdrawal charge period and a 1.10% contract fee, Investment Edge® Select with no withdrawal charge and a 1.25% contract fee, and Investment Edge® ADV with no withdrawal charge and a 0.30% contract fee.

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 if you are younger than 591⁄2. Withdrawals will also generally reduce your guaranteed benefits and the amount of the reduction may be greater than the dollar amount of the withdrawal.

Death Benefits

Your contract includes a standard death benefit that pays your beneficiaries an amount equal to your account value. For an additional fee, you can purchase the Protected premium death benefit ("PPDB") that provides different minimum payment guarantees.

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 account value among your variable investment options. 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.

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Income Edge Payment Program

You can elect an Income Edge payment program, which will pay out your entire account value via scheduled payments over a set period of time, with a portion of each payment being a return of your cost basis in the contract and thus excludable from taxes.

Other contracts

We offer a variety of fixed and variable annuity contracts. They may offer features, including investment options, credits, fees, death or income guarantee benefits and/or charges that are different from those in the contracts offered by this Prospectus. Not every contract is offered through every selling broker-dealer. Some selling broker-dealers may not offer and/or limit the offering of certain features or options, as well as limit the availability of the contracts, based on issue age or other criteria established by the selling broker-dealer. Upon request, your financial professional can show you information regarding our other annuity contracts that he or she distributes. You can also contact us to find out more about the availability of any of our annuity contracts.

You should work with your financial professional to decide whether this contract and any optional benefit is appropriate for you based on a thorough analysis of your particular insurance needs, financial objectives, investment goals, tax planning needs, time horizons and risk tolerance.

Fee based programs

You may purchase an Investment Edge® ADV contract only if you are a participant in an account established under a fee-based program sponsored and maintained by a registered broker-dealer or other financial intermediary we approve. If you elect to pay the advisory fee from your account value, then this deduction will be treated as a withdrawal and will reduce the standard death benefit, the Protected premium death benefit, and payments under the Income Edge payment program, and may also be subject to federal and state income taxes and a 10% federal penalty tax. See "Fee based programs" in "Purchasing the contract" in the Prospectus for more information.

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Benefits available under the contract

Summary of Benefits

The following tables summarize important information about the benefits available under the contract.

Death Benefits

These death benefits are available during the accumulation phase:

Name of Benefit Purpose

Standard/

Optional

Annual Fee Brief Description of Restrictions/Limitations
Max Current
Standard Death Benefit Guarantees beneficiaries will receive a benefit equal to your account value. Standard

No Additional

Charge

•  Available only at contract purchase

Protected Premium Death Benefit Guarantees beneficiaries will receive a benefit at least equal to your adjusted contributions. Optional 1.2%-40%(1) 0.6%-20%(1)

•  Available only at contract purchase

•  Withdrawals could significantly reduce or terminate benefit

(1)

Expressed as a percentage of the Net Amount at Risk.

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

Periodically rebalance to your desired asset mix. Optional No Charge

•  Must rebalance 100% of account value

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

•  $5,000 minimum to begin program

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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.

Maximum issue age

The maximum issue age for non-qualified, IRA and qualified plan contracts is 85. The maximum issue age for inherited NQ and inherited IRA beneficiary continuation contracts is 70.

Minimum initial and subsequent contribution amounts

The minimum initial contribution is generally $10,000 for Investment Edge® contracts and $25,000 for Investment Edge® Select and Investment Edge® ADV contracts. Each subsequent contribution generally must be at least $500 (except for certain IRAs-$50 for Traditional and Roth IRAs and $1,000 for an Inherited IRA), unless you enroll in the automatic investment program.

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 like the Protected premium death benefit or Income Edge payment program 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 the guaranteed benefit(s).

When initial and subsequent contributions are credited

Initial Contribution

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 you, 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 non-qualified or particular types of IRAs. Please see the tables in the "Rules regarding contributions to your contract" appendix 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.

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Making Withdrawals: Accessing the Money in Your Contract

Accessing your money

You have several ways to access your account value before annuity payments begin. You may 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, Income Edge payment program or a lifetime RMD payments plan. You may also surrender your contract to receive its cash value at any time while an owner is living (or for contracts with non-natural owners, while an annuitant is living) and before you begin to receive annuity payments. 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 if you are younger than 591⁄2. Withdrawals may also reduce (possibly on a greater than dollar-for-dollar basis) or terminate any 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.

If you own an Investment Edge® ADV contract and elect to pay advisory fees from your account value, then this deduction will be treated as a withdrawal and will reduce the standard death benefit, the Protected premium death benefit, and payments under the Income Edge payment program, and may also be subject to federal and state income taxes and a 10% federal penalty tax.

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 business day the transaction request is received by us in good order. These transactions may include applying proceeds to a payout annuity, transfers payment of a death benefit, payment of any amount you withdraw (less any withdrawal charge, if applicable) and, upon surrender, payment of the cash value.

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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". The fees and expenses for the ADV series do not reflect any advisory fees paid to investment advisors from the account value or other assets of the owner and the cumulative effect of these charges could increase the overall cost of an Investment Edge® ADV contract. 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

Investment
Edge® 		Investment
Edge®Select 		Investment
Edge® ADV
Sales Load Imposed on Purchases None None None
Withdrawal Charge (as a percentage of contributions withdrawn) 6.00%(1) None None
Transfer Fee(2) $35 $35 $35
Third Party Transfer or Exchange Fee(3) $125 $125 $125
Special Service Charges(4) $90 $90 $90
(1)

For Investment Edge® only, the charge percentage we use is determined by the number of years since receipt of the contribution to which the charge relates if you make the withdrawal, surrender your contract to receive its cash value, or, if offered, surrender your contract to apply your cash value to a non-life contingent annuity payment option. For each contribution, we consider the year in which we receive that contribution to be "year 1".

Contract Year
1 2 3 4 5 6+
Investment Edge® 6% 6% 5% 4% 3% 0%
(2)

Currently, we do not charge for transfers among investment options under the contract. However, we reserve the right to charge for transfers in excess of 12 transfers per contract year. We will charge no more than $35 for each transfer at the time each transfer is processed. See "Transfer charge" under "Charges that the Company deducts" in "Charges and expenses".

(3)

Currently, we do not charge for third party transfers or exchanges. However, we reserve the right to discontinue this waiver at any time, with or without notice. The maximum third party transfer or exchange fee is $125. The current charge (which, as described above is waived) is $65. These charges may increase over time to cover our administrative costs. We may discontinue these services at any time.

(4)

Special service charges include (1) express mail charge; (2) wire transfer charge; (3) duplicate contract charge; (4) check preparation charge; and (5) Duplicate Annual and/or Quarterly Statement of Account or Annual Payout Statement Charge. These charges may increase over time to cover our administrative costs. We may discontinue these services at any time.

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

Investment
Edge® 		Investment
Edge®Select 		Investment
Edge® ADV
Contract Maintenance Fee(1) $50(1) $50(1) None
Base Contract Expenses (as a percentage of daily net assets in the variable investment options) 1.10%(2) 1.25%(2) 0.30%
Optional Benefits Expenses (as a percentage of the Net Amount at Risk)(3)
Protected premium death benefit charges(4) 40.0%(5) 40.0%(5) 40.0%(5)
(1)

If your account value on a contract date anniversary is $50,000 or more there is no charge. 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 charge for that year. Otherwise we deduct the full charge. This charge will no longer apply to NQ contracts following Income Edge election, even if your account value falls below $50,000.

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(2)

You may be eligible for a reduction in the Contract Fee. See "Breakpoint Credit" in "Purchasing the Contract" for more information.

(3)

On each day of your contract, your NAR is equal to (A) minus (B), where (A) equals your Protected premium death benefit base; and (B) equals your account value on that day. Your NAR can never be less than zero. For more information, see "Protected premium death benefit charge" in "Charges and expenses".

(4)

If on any date other than the contract date anniversary your contract is surrendered or annuitized, an Income Edge payment program is elected and becomes effective, a death benefit is paid, or the Protected Premium death benefit is otherwise terminated, we will deduct the cumulative accrued charge for that year from your account value.

(5)
Age Current
Annual
Charge 		Maximum
Annual
Charge 		Age Current
Annual
Charge 		Maximum
Annual
Charge
<65 0.6% 1.2% 89 12.0% 24.0%
66-70 1.2% 2.4% 90 13.5% 27.0%
71-75 1.8% 3.6% 91 14.5% 29.0%
76-80 3.6% 7.2% 92 16.0% 32.0%
81-85 7.2% 14.4% 93 17.0% 34.0%
86 9.0% 18.0% 94 18.5% 37.0%
87 10.0% 20.0% 95 20.0% 40.0%
88 11.0% 22.0%

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, 2023, and may fluctuate from 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)(*) 0.57% 2.65%
Annual Portfolio Expenses after Expense Limitation Arrangement (expenses that are deducted from Portfolio assets including management fees, 12b-1 fees, service fees, and other expenses)(*) 0.54% 2.41%
(*)

"Annual Portfolio Expenses" are based, in part, on estimated amounts of such expenses. Pursuant to a contract, Equitable Investment Management Group, LLC has agreed to make payments or waive its management, administrative and other fees to limit the expenses of certain affiliated Portfolios through April 30, 2025 ("Expense Limitation Arrangement") (unless the Trust's Board of Trustees consents to an earlier revision or termination of this agreement). The Expense Limitation Arrangement may be terminated by Equitable Investment Management Group, LLC at any time after April 30, 2025. The Expense Limitation Arrangement does not apply to unaffiliated Portfolios.

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Example

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. These costs include transaction expenses, annual contract expenses, and annual Portfolio expenses. The examples for the ADV series do not reflect any advisory fees paid to investment advisors from the account value or other assets of the owner; however, if they did the expenses shown would be higher.

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, Protected premium death benefit (at its maximum charge) and that all account value is in the variable investment options.

Although your actual costs may be higher or lower, based on these assumptions, your cost would be:

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
InvestmentEdge® $ 9,938 $ 16,938 $ 23,110 $ 41,312 $ 3,938 $ 11,938 $ 20,110 $ 41,312
InvestmentEdge® Select $ 4,095 $ 12,397 $ 20,849 $ 42,659 $ 4,095 $ 12,397 $ 20,849 $ 42,659
InvestmentEdge® ADV $ 3,098 $ 9,470 $ 16,088 $ 33,766 $ 3,098 $ 9,470 $ 16,088 $ 33,766

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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#EQH154183. You can request this information at no cost by calling 1-877-522-5035 or by sending an email request to [email protected].

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 BarrowHanley 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 Micro Cap(1) - EIMG; BlackRock Investment Management, LLC, Lord, Abbett & Co.LLC

1.15% ^ 7.62% 11.41% -
Specialty

1290 VT Multi-Alternative Strategies(1) - EIMG

1.54% ^ 5.13% 1.57% -
Specialty

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

0.90% ^ 1.17% 10.31% 2.80%
Specialty

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

0.90% ^ 9.46% 2.74% 3.61%
Equity

1290 VT Small Cap Value(1) - EIMG; BlackRock Investment Management, LLC, HorizonKinetics 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/500 Managed Volatility† - EIMG; AllianceBernstein L.P., BlackRock InvestmentManagement, 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%
Fixed Income

EQ/AB Short Duration Government Bond - EIMG; AllianceBernstein L.P.

0.77% ^ 4.35% 1.11% 0.60%
Equity

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

0.93% 17.70% 10.59% 7.78%
Asset Allocation

EQ/Aggressive Allocation† - EIMG

1.18% 18.37% 10.23% 7.07%
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% -
Equity

EQ/ClearBridge Large Cap Growth ESG(1) - EIMG; ClearBridge Investments, LLC

1.00% ^ 45.91% 15.78% 10.70%
Equity

EQ/ClearBridge Select Equity Managed Volatility†(1) - EIMG; BlackRock InvestmentManagement, 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%
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%

13

 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
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% 15.03% 11.37%
Equity

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

0.87% ^ 31.38% 16.55% -
Equity

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

0.87% ^ 12.13% 13.88% -
Fixed Income

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

0.64% ^ 3.87% 0.39% 0.56%
Equity

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

0.72% ^ 19.04% 8.10% 3.69%
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(1) - EIMG; J.P. Morgan Investment Management Inc.

0.96% 10.90% 14.17% 10.12%
Equity

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

0.73% 41.54% 18.63% 14.02%
Equity

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

0.74% 10.71% 10.15% 7.66%
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 MFSInvestment Management

1.10% ^ 14.52% 9.28% 6.12%
Equity

EQ/MFS International Intrinsic Value - EIMG; Massachusetts Financial Services Companyd/b/a MFS Investment Management

1.15% ^ 17.37% 8.29% -
Specialty

EQ/MFS Technology(1) - 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 MFSInvestment Management

1.05% ^ -2.36% 8.01% -
Equity

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

0.65% ^ 15.77% 11.88% 8.54%
Asset Allocation

EQ/Moderate Allocation† - EIMG

1.11% 12.31% 5.76% 4.17%
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 Total Return ESG - EIMG; Pacific Investment Management Company LLC

0.87% ^ 5.63% 1.11% -
Fixed Income

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

0.88% ^ 5.56% 1.61% 1.25%
Equity

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

0.64% 16.72% 10.06% 7.01%
Specialty

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

1.20% ^ 3.99% 9.94% -
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(1) - 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% - -
Specialty

Multimanager Technology - EIMG; AllianceBernstein L.P., FIAM LLC, WellingtonManagement Company LLP

1.24% ^ 49.53% 19.07% 16.18%
^

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.

14

*

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 investment option is only available if you purchased your contract on or after approximately October 22, 2018.

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
Equity

AB VPS Discovery Value Portfolio - AllianceBernstein L.P.

1.06% 16.86% 10.51% 7.29%
Equity

AB VPS Relative Value Portfolio - AllianceBernstein L.P.

0.86% ^ 11.72% 11.57% 9.05%
Equity

AB VPS Sustainable Global Thematic Portfolio - AllianceBernstein L.P.

1.17% ^ 15.70% 13.27% 9.33%
Equity

ALPS Global Opportunity Portfolio - ALPS Advisors, Inc.

2.41% ^ 28.80% 11.63% -
Asset Allocation

American Funds Insurance Series® Asset Allocation Fund - Capital Research and Management Company

0.80% 14.02% 8.93% 6.98%
Equity

American Funds Insurance Series® Global Growth Fund - Capital Research and Management Company

0.91% ^ 22.29% 13.36% 9.30%
Equity

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

1.16% ^ 15.79% 8.03% 5.51%
Equity

American Funds Insurance Series® Growth-Income Fund - Capital Research and Management Company

0.78% 25.82% 13.08% 10.63%
Equity

American Funds Insurance Series® International Growth and Income Fund - Capital Research and Management Company

1.06% 15.66% 5.86% 3.06%
Equity

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

1.07% ^ 15.67% 8.37% 4.43%
Asset Allocation

BlackRock Global Allocation V.I. Fund - BlackRock Advisors, LLC; BlackRock International Limited, BlackRock (Singapore)Limited

1.02% ^ 12.49% 7.39% 4.63%
Specialty

Eaton Vance VT Floating-Rate Income Fund - Eaton Vance Management

1.17% 11.21% 4.13% 3.22%
Fixed Income

Federated Hermes High Income Bond Fund II - Federated Investment Management Company

1.06% ^ 12.47% 4.49% 3.87%
Equity

Federated Hermes Kaufmann Fund II - Federated Equity Management Company of Pennsylvania; Federated Global Investment Management Corporation

1.80% ^ 14.86% 7.04% 8.39%
Equity

Fidelity® VIP Mid Cap Portfolio - Fidelity Management and Research Company (FMR)

0.82% 14.80% 12.17% 7.86%
Fixed Income

Fidelity® VIP Strategic Income Portfolio - Fidelity Management and Research Company (FMR)

0.90% 9.18% 3.47% 3.10%
Asset Allocation

First Trust Multi Income Allocation Portfolio - First Trust Advisors L.P.; Stonebridge Advisors LLC, Energy Income Partners, LLC

1.14% ^ 8.94% 6.25% -
Asset Allocation

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

1.19% 10.51% 7.23% 6.53%
Asset Allocation

Franklin Allocation VIP Fund - Franklin Advisers, Inc.

0.82% ^ 14.61% 7.57% 4.75%
Asset Allocation

Franklin Income VIP Fund - Franklin Advisers, Inc.

0.71% ^ 8.62% 6.98% 5.01%
Specialty

Guggenheim VIF Global Managed Futures Strategy Fund - Security Investors, LLC, which operates under the name Guggenheim Investments

2.05% ^ 3.80% 5.28% 1.87%
Equity

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

1.09% 20.66% - -
Asset Allocation

Invesco V.I. Balanced-Risk Allocation Fund - Invesco Advisers, Inc.

1.13% ^ 6.40% 4.66% 3.79%
Specialty

Invesco V.I. Health Care Fund(3) - Invesco Advisers, Inc.

1.23% 2.77% 8.49% 6.60%
Fixed Income

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

1.15% 9.77% 3.76% 2.96%
Equity

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

1.20% 16.26% 12.14% 6.28%
Asset Allocation

Janus Henderson Balanced Portfolio - Janus Henderson Investors US LLC

0.87% 15.13% 9.37% 7.73%
Fixed Income

Janus Henderson Flexible Bond Portfolio - Janus Henderson Investors US LLC

0.82% ^ 5.29% 1.55% 1.66%
Fixed Income

Lord Abbett Bond Debenture Portfolio (VC) - Lord, Abbett & Co. LLC

0.90% 6.55% 3.14% 3.49%
Asset Allocation

Macquarie VIP Asset Strategy Series(1)(3) - Delaware Management Company; MacquarieInvestment Management Austria Kapitalanlage AG, Macquarie Investment ManagementEurope Limited, Macquarie Investment Management Global Limited

0.85% ^ 13.90% 8.27% 3.48%
Equity

Macquarie VIP Emerging Markets Series(2) - Delaware Management Company; MacquarieInvestment Management Global Limited

1.48% ^ 13.44% 3.87% 2.38%
Equity

MFS® Investors Trust Series - Massachusetts Financial Services Company

1.03% ^ 18.66% 13.27% 10.00%

15

 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
Equity

MFS® Value Series - Massachusetts Financial Services Company

0.94% ^ 7.63% 11.07% 8.25%
Specialty

PIMCO CommodityRealReturn® Strategy Portfolio - Pacific Investment Management Company LLC

1.58% ^ -7.93% 8.46% -0.90%
Specialty

PIMCO Emerging Markets Bond Portfolio - Pacific Investment Management Company LLC

1.37% 11.00% 2.14% 2.67%
Fixed Income

PIMCO Global Bond Opportunities Portfolio (Unhedged) - Pacific Investment Management Company LLC

1.01% 5.26% 0.97% 1.09%
Asset Allocation

PIMCO Global Managed Asset Allocation Portfolio - Pacific Investment Management Company LLC

1.34% ^ 12.85% 7.20% 5.14%
Fixed Income

PIMCO Income Portfolio(4) - Pacific Investment Management Company LLC

1.13% 8.14% 3.22% -
Asset Allocation

Putnam VT Global Asset Allocation Fund - Putnam Investment Management, LLC; PutnamInvestments Limited, The Putnam Advisory Company, LLC

1.11% ^ 17.48% 8.14% 6.35%
Equity

Putnam VT Research Fund - Putnam Investment Management, LLC; Putnam InvestmentsLimited, The Putnam Advisory Company, LLC

0.99% 28.86% 16.15% 11.95%
Equity

T. Rowe Price Equity Income Portfolio - II - T. Rowe Price Associates, Inc.

0.99% 9.31% 10.92% 7.57%
Fixed Income

Templeton Global Bond VIP Fund - Franklin Advisers, Inc.

0.75% ^ 2.88% -2.13% -0.66%
Specialty

VanEck VIP Emerging Markets Bond Fund - Van Eck Associates Corporation

1.10% ^ 11.40% 4.06% 1.97%
Specialty

VanEck VIP Global Resources Fund(3) - 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 Asset Strategy which may continue to be used in certain documents for a period of time after the date of this prospectus.

(2)

This is the variable investment option's new name. The variable investment option's former name is Delaware VIP® Emerging Markets Series which may continue to be used in certain documents for a period of time after the date of this prospectus.

(3)

This investment option is only available if you purchased your contract before approximately October 22, 2018.

(4)

This investment option is only available if you purchased your contract on or after approximately October 22, 2018.

16

Investment Edge® 15.0

Issued by

Equitable Financial Life Insurance Company of America 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 Investment Edge® 15.0, Equitable Financial Life Insurance Company of America and Equitable America Variable Account No. 70A, and Equitable Financial Life Insurance Company and Separate Account No. 70. 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 1-800-789-7771. The Prospectus and SAI are also available at our website, www.equitable.com/ICSR#EQH154183.

Class/Contract Identifier: C000247526; C000158484

#798908