Separate Account A of Equitable Financial Life Insurance Co.
04/29/2024 | Press release | Distributed by Public on 04/29/2024 12:13
Summary Prospectus for New Investors by Investment Company - Form 497VPI
Momentum
MOMENTUMSM
Equitable Financial Life Insurance Company
Issued through: Separate Account A
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#EQH146680. 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 MOMENTUMSM contracts are group deferred annuity contracts offered as a funding vehicle for employers' sponsored retirement plans. This Summary Prospectus only describes MOMENTUMSM. The contracts provide for the accumulation of retirement savings and for income. The contracts also offer death benefit protection and a number of payout options.
Contributions accumulate on a tax-deferred basis. A contract owner may fund a plan by selecting any number of our investment options. The investment options include variable investment options and one guaranteed interest account option (the "investment options"). The contract investment options that the contract owner has chosen correspond to certain of the options offered under the 401(a) or 401(k) plans available to a participant. A contract owner is an employer or plan trustee.
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 account value. You should review the prospectus, or consult with your investment professional, for additional information about the specific cancellation terms that apply.
We reserve the right to stop accepting any application or contribution from you at any time, including after you purchase the contract. If you have one or more guaranteed benefits and we exercise our right to discontinue the acceptance of, and/or place additional limitations on, contributions to the contract, you may no longer be able to fund your guaranteed benefit(s). This means that if you have already funded your guaranteed benefits, you may no longer be able to increase your guaranteed benefits.
Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission's staff and is available at Investor.gov.
| #637879 |
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 before the end of the 6th contract year since your last contribution, you will be assessed a withdrawal charge of up to 6% of the amount withdrawn or the contributions made in the current and five prior participation years, whichever is less. 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. For additional information about the charges for surrenders and early withdrawals charges see "Withdrawal charge" in "Charges under the contract" under "Charges and expenses" in the prospectus. |
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| Transaction Charges |
In addition to withdrawal charges you may also be charged for other transactions (including loans and for special requests such as express mail or duplicate contracts). If an employer or plan trustee elects our recordkeeping option, checkwriting fees may apply. For additional information about transaction charges see "Charges under the contract" in "Charges and expenses" in the prospectus. |
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| 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 contract for information about the specific fees you will pay each year based on the options you have elected. |
| Annual Fee | Minimum | Maximum | ||||
| Base Contracts(1) | 1.34 | % | 1.49% | |||
| Investment options (Portfolio fees and expenses)(2) | 0.57 | % | 1.60% |
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(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. |
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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. |
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Lowest Annual Cost $1,754 |
Highest Annual Cost $2,694 |
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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 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. | ||
| RISKS | ||
| Risk of Loss | The contract is subject to the risk of loss. You could lose some or all of your retirement 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, 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", "Portfolios of the Trust" and "Guaranteed interest option" in "Purchasing the Contract" in the prospectus. See also Appendix "Portfolio Companies available under the contract" in the prospectus. |
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| 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 retirement account value and the optional benefits. The general obligations, including the guaranteed interest option, and any optional benefits under the contract are supported by our general account and are subject to our claims paying ability. An owner should look solely to our financial strength for our claims-paying ability. More information about the Company, including our financial strength ratings, may be obtained at www.equitable.com/about-us/financial-strength-ratings. For additional information about insurance company risks see "About the general account" in "More information" in the prospectus. |
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| RESTRICTIONS | ||
| Investments |
We may, at any time, exercise our rights to limit or terminate your contributions, allocations and transfers to any of the variable investment options and to limit the number of variable investment options which you may select. Such rights include, among others, combining any two or more variable investment options and transferring the retirement account value from any variable investment option to be the shares of the class of contracts to which the contracts belong from any variable investment option to another variable investment option. For more information see "About Separate Account A" in "More information" in the prospectus. For additional information about the investment options, including information regarding volatility management strategies and techniques, see "Portfolios of the Trust" in "Purchasing the Contract" in the prospectus. |
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| Other 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 one or more optional benefits and we exercise our right to discontinue the acceptance of, and/or place additional limitations on, contributions to the contract and/or contributions and/or transfers into the retirement account variable investment options, you may no longer be able to fund your retirement account. Not all employer plans will offer loans. Loans are subject to restrictions under federal tax rules and ERISA. For additional information about the optional benefits see "How contributions can be made" in "Purchasing the Contract" in the prospectus. See also "Payment of Death Benefit" and "Other Benefits" in "Benefits available under the contract" in the prospectus. |
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| TAXES | ||
| Tax Implications |
You should consult with a tax professional to determine the tax implications of an investment in, and payments received under, the contract. There is no additional tax benefit to you if the contract is purchased through a tax-qualified plan or individual retirement account (IRA). Withdrawals will be subject to ordinary income tax and may be subject to tax penalties. Generally, you are not taxed until you make a withdrawal from the contract. For more information, see "Tax information" in the prospectus. |
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| 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. |
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| 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. |
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Overview of the contract
Purpose of the Contract
MOMENTUMSM is a funding vehicle for employers who sponsor qualified retirement plans. The MOMENTUMSM employer-sponsored retirement program includes 401(a) and 401(k) plans, which are described in this prospectus. The MOMENTUMSM program consists of a defined contribution IRS pre-approved plan and trust ("Plan and Trust"), which we sponsor, and a pooled trust ("Pooled Trust") for employers who prefer to use their own qualified plan and trust. This funding vehicle is designed to help you accumulate assets through investments in underlying Portfolios and the guaranteed interest option during the accumulation phase. It can provide or supplement your retirement income by providing a stream of income payments during the annuity phase. It also provides a death benefit to protect your beneficiaries. The contract may be appropriate if you have a long-term investment horizon. It is not intended for people who may need to access invested funds within a short-term timeframe or frequently, or who intend to engage in frequent transfers of the underlying Portfolios.
Phases of the Contract
The contract has two phases: an accumulation (savings) phase and an income (annuity) phase.
Accumulation (Savings) Phase
During the accumulation phase, you can allocate your contributions to one or more of the available investment options, which include:
| • | Variable investment options; |
| • | Guaranteed interest option; and |
| • | Asset (Retirement account value) rebalancing option. |
For additional information about each underlying Portfolio see Appendix "Portfolio Companies available under the contract".
Income (Annuity) Phase
You enter the income phase when you annuitize your contract. During the income phase, you will receive a stream of fixed income payments for the annuity payout period of time you elect. You can elect to receive annuity payments (1) for life; (2) for life with a certain minimum number of payments; (3) for life with a certain minimum number of payments to the beneficiary upon the death of the annuitant; or (4) for life with a certain amount of payment. Please note that when you annuitize, your investments are converted to income payments and you will no longer be able to make any additional withdrawals from your contract. All accumulation phase benefits terminate upon annuitization and the contract has a maximum annuity commencement date.
Contract Features
The contract provides for the accumulation of retirement savings and income. The contract offers income, death benefit protection and offers various payout options.
Access to Your Money
During the accumulation phase you can take withdrawals from your contract up to 10% of your account value without paying a withdrawal charge. Withdrawals will reduce your account value and may be subject to withdrawal charges, income taxes and a tax penalty. Withdrawals may also reduce your death benefit (possibly on a greater than dollar-for-dollar basis).
Death Benefit
Your contract includes a minimum death benefit that pays your beneficiaries an amount equal to at least your contributions less adjusted withdrawals, outstanding loan balances and accrued interest.
Automatic Asset Rebalancing Option
If elected by your employer or plan trustee, you can elect to have your retirement account value automatically rebalanced at no additional charge.
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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
This death benefit is available during the accumulation phase:
| Name of Benefit | Purpose |
Standard/ Optional |
Annual Fee |
Brief Description of Restrictions/ Limitations |
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| Max | Current | |||||||
| Death Benefit | Guarantees beneficiaries will receive a benefit at least equal to your contributions less adjusted withdrawals and the amounts of any outstanding loans and accrued interest. | Standard |
No Additional Charge |
• Withdrawals could significantly reduce or terminate benefit |
Other Benefits
This other benefit is available during the accumulation phase:
| Name of Benefit | Purpose |
Standard/ Optional |
Annual Fee |
Brief Description of Restrictions/ Limitations |
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| Max | Current | |||||||
| Asset (Retirement Account Value) Rebalancing Option | Periodically rebalance to your desired asset mix. | Optional | No Charge |
• Any change to your allocation instructions must be in writing and sent to our processing office |
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| Participant Loans | Loans may be available to plan participants | Optional | $50 maximum per loan and $6.00 quarterly; interest determined by plan |
• Not all employer plans will offer loans • Your employer may elect to pay these charges. • Loans are subject to restrictions under federal tax laws and ERISA |
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Buying the Contract
Employers and plan trustees, as applicable, may make contributions at any time. Participants should not send contributions directly to the us. There is no minimum contribution amount, however, we have the right to require a minimum aggregate amount of contributions.
Limitations on contributions to the contract
We reserve the right to refuse to accept any contribution under the contract at any time or change our contribution limits and requirements. This means that if you have one or more Guaranteed benefits and we exercise our right to discontinue the acceptance of, and/or place additional limitations on, contributions to the contract, you may no longer be able to fund your Guaranteed benefits. This means that if you have already funded your Guaranteed benefits, you may no longer be able to increase your Guaranteed benefits.
When initial and subsequent contributions are credited
Initial Contribution
An initial contribution must generally be accompanied by all properly completed forms. Failure to use the proper form, or to complete the form properly, may result in a delay in crediting contributions. 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 is missing or unclear, we will hold the contribution, whether received via check or wire, in a non-interest bearing suspense account while we try to obtain that information. Employers should send all contributions to the Company at the processing office. See "How to reach us" in the prospectus.
The contract owner may instruct us to accept a participant's plan investment allocations as the contract allocation with respect to plan assets attributable to a participant's retirement account value. If so instructed, we will allocate contributions under the contract according to the allocation percentages specified on a participant's enrollment form. In the absence of direct instructions from the contract owner, if we receive an initial contribution before we receive a signed enrollment form or the allocation instructions on the form are incomplete (e.g., do not add up to 100%), we will notify the employer or plan trustee, as applicable, and request corrected instructions. The contract owner may also instruct us as to participants' investment allocations pursuant to the Save 1-2-3 program, as described in the prospectus.
We will return the contribution to the employer or plan trustee, as applicable, in five business days, if we have not received the signed form or corrected allocation instructions, unless we have obtained the appropriate authorization to continue to hold the contribution.
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 may apply. Please see "How contributions can be made" in "Purchasing the Contract" to the prospectus for more detailed information. You can obtain the prospectus by calling the number or accessing the website noted on the first page of this summary prospectus.
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Making Withdrawals: Accessing the Money in Your Contract
Accessing your money
Subject to any restrictions in your employer's plan, the contract allows your employer or plan trustee, whichever applies, to make a withdrawal from your retirement account value on your behalf by submitting a completed withdrawal form to our processing office. We will process withdrawal requests on the business day we receive the required information. We will send withdrawal proceeds to your employer or plan trustee, unless your employer instructs us to send the distributions directly to the participants. If we receive only partially completed information, we will return the request to the employer or plan trustee for completion before we can process it.
The employer or plan trustee may also terminate its entire participation under the contract by writing to our processing office. In addition, if a plan does not qualify under federal income tax rules, or, if a contract owner fails to provide us with the participant data necessary to administer the contract, we may return the plan assets to the employer or plan trustee.
Withdrawals or terminations may result in a withdrawal charge. Withdrawals reduce your retirement account value and may be subject to withdrawal charges and have tax consequences, including possible tax penalties.
Please see "Accessing your money" in the prospectus for more information on the ways you may withdraw your account value.
Free withdrawal amount
Each contract year you can withdraw a certain amount from your contract without paying a withdrawal charge.
When to expect payments
Generally, we will fulfill requests for payments out of the variable investment options within seven calendar days after the date of the transaction to which the request relates. These transactions may include applying proceeds to an annuity payout option, payment of a death benefit or payment of any portion of your retirement account value (less any withdrawal charge).
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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" in this prospectus. Please refer to your contract specifications page for information about the specific fees you will pay each year based on the options you have elected.
The first table describes fees and expenses that you will pay at the time that you surrender the contract, or if you make certain withdrawals, transfers or request special services. Charges designed to approximate certain taxes that may be imposed on us, such as premium taxes in your state, may also apply.
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Transaction Expenses |
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| Sales Load Imposed on Purchases (as a percentage of purchase payments) | None | |
| Withdrawal Charge (as a percentage of contributions withdrawn)(1) | 6.00% | |
| Plan loan charges(2) | $50 | |
| Transfer Fee | None | |
| Third Party Transfer or Exchange Fee (for each occurrence) | None | |
| Checkwriting fee(3) | $50 |
| (1) |
The charge percentage is deducted upon a withdrawal of amounts in excess of the 10% free withdrawal amount. The maximum withdrawal charge is 6% of the amount withdrawn or the contributions made in the current and five prior participation years, whichever is less. Important exceptions and limitations may eliminate or reduce this charge. For a complete description of withdrawal charges, please see "Withdrawal charge" in "Charges and expenses" in this prospectus. |
| (2) |
$50 maximum per loan when a loan is made, plus an additional $6.00 per quarter for the administration of the outstanding loan amount. Your employer may elect to pay these charges. This charge is expressed on a per plan participant basis. Interest is charged on the loan at a rate set by your plan and is credited back to your contract as you repay the loan. |
| (3) |
We will bill this charge directly to your employer if the employer elects the basic plan recordkeeping option. We charge a fee of $50 per check drawn if the employer elects to have us directly distribute plan benefits and withdrawals. We reserve the right to waive or increase these charges upon 90 days' written notice to the employer or plan trustee. |
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.
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Annual Contract Expenses |
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| Administrative Charge (1) | $30 | |
| Base Contract Expenses (as a percentage of daily net assets in the variable investment options)(2) | 1.49%(3) | |
| Annual basic recordkeeping charge(4) | $300 |
| (1) |
The quarterly administrative charge is currently $7.50 or, if less, 0.50% of a participant's retirement account value plus the amount of any active loan. Your employer may elect to pay this charge for plans with 10 or more participants. We do not currently assess this charge for any calendar quarter in which the retirement account value plus any active loan is $25,000 or more on the last business day of that calendar quarter. We have reserved the right to increase this charge. The annual administrative charge is deducted from your retirement account value on each contract date anniversary. If the contract is surrendered or annuitized or a death benefit is paid on any date other than the contract date anniversary, we will deduct a pro rata portion of the administrative charge for that year. |
| (2) |
The total Separate Account A annual expenses deducted from the variable investment options and the total annual expenses of EQ Advisors Trust is not permitted to exceed a total annual rate of 1.75% of the value of the assets held in each of the EQ/Moderate Allocation, Multimanager Aggressive Equity, EQ/Common Stock Index and EQ/Money Market options. |
| (3) |
The current Base Contract Expenses are: minimum 1.40% and maximum 1.49% for EQ/Common Stock and EQ/Money Market Options. For all other investment options the minimum and maximum is 1.34%. |
| (4) |
We will bill this charge directly to your employer if the employer elects the basic plan recordkeeping option. We charge a fee of $50 per check drawn if the employer elects to have us directly distribute plan benefits and withdrawals. We reserve the right to waive or increase these charges upon 90 days' written notice to the employer or plan trustee. |
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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.
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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/or other expenses)* | 0.57% | 1.60% |
| * |
"Annual Portfolio Expenses" may be based, in part, on estimated amounts of such expenses. |
Example
This Example is intended to help you compare the cost of investing in the contract with the cost of investing in other variable annuity contracts. The costs include transaction expenses, annual contract expenses, and annual Portfolio expenses.
The Example assumes that you invest $100,000 in the contract for the time periods indicated. The Example also assumes that your investment has a 5% return each year and assumes the most expensive combination of annual Portfolio expenses and optional benefits available for an additional charge.
Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
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If you surrender your contract or annuitize (under a non-life option) at the end of the applicable time period |
If you do not surrender your contract | |||||||||||||||
| 1 year | 3 years | 5 years | 10 years | 1 year | 3 years | 5 years | 10 years | |||||||||
| $8,739 | $15,595 | $22,693 | $35,132 | $3,245 | $9,905 | $16,802 | $35,132 |
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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#EQH146680. You can request this information at no cost by calling (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) |
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| 1 year | 5 year | 10 year | ||||||||||||||||
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Equity |
1290 VT Equity Income - Equitable Investment Management Group, LLC ("EIMG"); Barrow, Hanley, Mewhinney & Strauss, LLC d/b/a Barrow Hanley Global Investors | 0.95% | ^ | 5.49% | 10.25% | 7.23% | ||||||||||||
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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% | |||||||||||||
|
Equity |
1290 VT Small Cap Value - EIMG; BlackRock Investment Management, LLC, Horizon Kinetics Asset Management LLC | 1.17% | ^ | 5.79% | 12.69% | - | ||||||||||||
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Equity |
1290 VT Socially Responsible - EIMG; BlackRock Investment Management, LLC | 0.92% | 27.50% | 15.12% | 11.32% | |||||||||||||
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Equity |
EQ/AB Small Cap Growth - EIMG; AllianceBernstein L.P. | 0.93% | 17.70% | 10.59% | 7.78% | |||||||||||||
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Asset Allocation |
EQ/Aggressive Allocation† - EIMG | 1.18% | 18.37% | 10.23% | 7.07% | |||||||||||||
|
Equity |
EQ/American Century Mid Cap Value - EIMG; American Century Investment Management, Inc. | 1.00% | ^ | 5.98% | 10.88% | - | ||||||||||||
|
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/Common Stock Index - EIMG; AllianceBernstein L.P. | 0.67% | ^ | 25.12% | 14.45% | 10.80% | ||||||||||||
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Asset Allocation |
EQ/Conservative Allocation† - EIMG | 1.00% | ^ | 8.02% | 2.60% | 2.15% | ||||||||||||
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Asset Allocation |
EQ/Conservative-Plus Allocation† - EIMG | 0.85% | ^ | 10.86% | 4.76% | 3.57% | ||||||||||||
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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/Equity 500 Index - EIMG; AllianceBernstein L.P. | 0.54% | ^ | 25.57% | 15.04% | 11.37% | ||||||||||||
|
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% | ||||||||||||
|
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 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/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% |
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| 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/Large Cap Value Managed Volatility† - EIMG; AllianceBernstein L.P. | 0.87% | 14.01% | 10.78% | 7.82% | |||||||||||||
|
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/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-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 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% | |||||||||||||
|
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. |
| † |
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 Trust" 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. |
Original certificates
Original certificates are MOMENTUMSM certificates under which the MOMENTUMSM employer has not elected to add any new variable investment options. Therefore, only Multimanager Aggressive Equity, EQ/Moderate Allocation, EQ/Common Stock Index and EQ/Money Market variable investment options are available.
Selecting your investment method. Employers and plan trustees should note that for original certificates, only the guaranteed interest option, Multimanager Aggressive Equity, EQ/Moderate Allocation, EQ/Common Stock Index and EQ/Money Market options are available.
Transferring the retirement account value. The EQ/Money Market option is always available under an original certificate. However, we will not permit transfers into the EQ/Money Market option from any other investment option. There will not be any other transfer limitations under an original certificate.
Default option for the forfeiture account. We allocate amounts in the forfeiture account to the default option. For original certificates, the guaranteed interest option is the default option.
12
MOMENTUMSM
Issued by
Equitable Financial Life Insurance Company
This summary prospectus describes the important features of the contract and provides information about Equitable Financial Life Insurance Company (the "Company", "we", "our" and "us").
We have filed with the Securities and Exchange Commission a prospectus and a Statement of Additional Information ("SAI") that include additional information about MOMENTUMSM, 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) 528-0204. Prospectus and SAI are also available at our website, www.equitable.com/ICSR#EQH146680.
Class/Contract Identifier: C000024811
13
Equitable Financial Life Insurance Company
Equitable Financial Life Insurance Company of America
Supplement dated May 1, 2024, to the current variable annuity and life prospectuses, initial summary prospectuses, updating summary prospectuses, and modern alternative disclosure annual notices for variable annuity contracts and life policies listed below
This Supplement updates certain information in the most recent prospectus, initial summary prospectuses, updating summary prospectuses, and modern alternative disclosure annual notices (collectively, the "Prospectus") for the variable annuity contracts and life policies listed in this Supplement. You should read this Supplement in conjunction with the Prospectus and retain it for future reference. Special terms not defined in this Supplement have the same meaning as in the Prospectus. We will send you another copy of the Prospectus or any prior supplement thereto without charge upon request. For additional information, please contact the customer service group referenced in the Prospectus.
The purpose of this Supplement is to provide you with information regarding a proposed Combination involving certain Portfolios available in your contract or policy.
Combination. Subject to board and regulatory approval and any necessary conditions precedent, effective on or about the close of business on June 21, 2024 (the "Effective Date"), the class A shares of each Portfolio listed below will be combining into the class B shares of those substantially similar Portfolios. Therefore, on or about the Effective Date, the class B shares of those Portfolios will be available under your contract or policy and the class A shares of those Portfolios will no longer be available under your contract or policy. If you still have account value allocated to an investment option that invests in the class A shares of each Portfolio on the Effective Date, shares of the class A shares of each Portfolio held for you in the that investment option will be exchanged for shares of the class B shares of those Portfolios of equal value on the Effective Date. There will be no financial impact on your contract or policy.
Each investment option that invests in a class A share of the Portfolio will be closed to all transactions on the Effective Date.
Until on or about June 21, 2024, the below listed class A shares of these Portfolios will be available and, therefore, the following hereby amends the corresponding information in the "Appendix: Portfolio Companies available under the contract" or in the "Appendix: Investment options available under the policy" in your Prospectus. Please note that not all Portfolios listed below may be available currently under your contract or policy:
|
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 |
1290 VT Equity Income - Equitable Investment Management Group, LLC ("EIMG"); Barrow, Hanley, Mewhinney & Strauss, LLC d/b/a Barrow Hanley Global Investors |
0.95% | ^ | 5.33% | 10.24% | 7.24% | ||||||||||||
|
Specialty |
1290 VT GAMCO Mergers & Acquisitions - EIMG; GAMCO Asset Management, Inc. |
1.29% | ^ | 9.47% | 4.20% | 3.38% | ||||||||||||
|
Equity |
1290 VT GAMCO Small Company Value - EIMG; GAMCO Asset Management, Inc. |
1.06% | 21.05% | 12.82% | 7.94% | |||||||||||||
|
Equity |
1290 VT Socially Responsible - EIMG; BlackRock Investment Management, LLC |
0.92% | 27.52% | 15.12% | 11.32% | |||||||||||||
|
Equity |
EQ/AB Small Cap Growth - EIMG; AllianceBernstein L.P. |
0.93% | 17.74% | 10.59% | 7.78% | |||||||||||||
|
Asset Allocation |
EQ/Aggressive Allocation† - EIMG |
1.18% | 18.51% | 10.23% | 7.07% | |||||||||||||
|
Asset Allocation |
EQ/All Asset Growth Allocation - EIMG |
1.25% | ^ | 14.15% | 7.69% | 5.27% | ||||||||||||
|
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% | ^ | 45.93% | 15.80% | 10.70% | ||||||||||||
|
Equity |
EQ/ClearBridge Select Equity Managed Volatility† - EIMG; BlackRock Investment Management, LLC, ClearBridge Investments, LLC |
1.06% | ^ | 24.62% | 15.63% | 9.90% | ||||||||||||
|
Asset Allocation |
EQ/Conservative Allocation† - EIMG |
1.00% | ^ | 7.89% | 2.58% | 2.15% | ||||||||||||
|
Asset Allocation |
EQ/Conservative-Plus Allocation† - EIMG |
1.10% | ^ | 11.01% | 4.79% | 3.59% | ||||||||||||
|
Fixed Income |
EQ/Core Bond Index - EIMG; SSGA Funds Management, Inc. |
0.64% | ^ | 4.63% | 1.05% | 1.12% | ||||||||||||
|
Equity |
EQ/Franklin Small Cap Value Managed Volatility† - EIMG; BlackRock Investment Management, LLC, Franklin Mutual Advisers, LLC |
1.05% | ^ | 14.01% | 9.78% | 6.35% | ||||||||||||
|
Equity |
EQ/Global Equity Managed Volatility† - EIMG; BlackRock Investment Management, LLC |
1.10% | ^ | 21.36% | 9.74% | 6.29% | ||||||||||||
|
Asset Allocation |
EQ/Growth Strategy† - EIMG |
1.03% | 16.49% | 8.48% | 6.14% | |||||||||||||
|
Equity |
EQ/International Core Managed Volatility† - EIMG; BlackRock Investment Management, LLC |
1.06% | 16.76% | 7.95% | 3.54% |
| New Biz/Inforce/MAD Notices - Annuities/Life | Catalog No. 800142 | |
| #759674 |
|
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/International Value Managed Volatility† - EIMG; BlackRock Investment Management, LLC, Harris Associates LP |
1.03% | 18.62% | 7.62% | 3.03% | |||||||||||||
|
Equity |
EQ/Invesco Comstock - EIMG; Invesco Advisers, Inc. |
1.00% | ^ | 12.02% | 13.18% | 8.70% | ||||||||||||
|
Equity |
EQ/Invesco Global - EIMG; Invesco Advisers, Inc. |
1.10% | ^ | 33.84% | 11.75% | 7.95% | ||||||||||||
|
Equity |
EQ/Janus Enterprise - EIMG; Janus Henderson Investors US LLC |
1.05% | 16.96% | 13.08% | 7.62% | |||||||||||||
|
Equity |
EQ/JPMorgan Growth Stock - EIMG; J.P. Morgan Investment Management Inc. |
0.96% | ^ | 46.34% | 12.84% | 11.29% | ||||||||||||
|
Equity |
EQ/JPMorgan Value Opportunities - EIMG; J.P. Morgan Investment Management Inc. |
0.96% | 10.95% | 14.17% | 10.13% | |||||||||||||
|
Equity |
EQ/Large Cap Core Managed Volatility† - EIMG; BlackRock Investment Management, LLC |
0.90% | 23.87% | 14.24% | 10.57% | |||||||||||||
|
Equity |
EQ/Large Cap Growth Index - EIMG; AllianceBernstein L.P. |
0.73% | 41.56% | 18.62% | 14.02% | |||||||||||||
|
Equity |
EQ/Large Cap Growth Managed Volatility† - EIMG; BlackRock Investment Management, LLC |
0.88% | 38.99% | 16.20% | 12.47% | |||||||||||||
|
Equity |
EQ/Large Cap Value Index - EIMG; AllianceBernstein L.P. |
0.74% | 10.67% | 10.16% | 7.66% | |||||||||||||
|
Equity |
EQ/Large Cap Value Managed Volatility† - EIMG; AllianceBernstein L.P. |
0.87% | 14.02% | 10.78% | 7.83% | |||||||||||||
|
Equity |
EQ/Loomis Sayles Growth - EIMG; Loomis, Sayles & Company, L.P. |
1.05% | ^ | 43.64% | 15.65% | 13.25% | ||||||||||||
|
Equity |
EQ/MFS International Growth - EIMG; Massachusetts Financial Services Company d/b/a MFS Investment Management |
1.10% | ^ | 14.23% | 9.27% | 6.10% | ||||||||||||
|
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% | 13.14% | 10.36% | 7.21% | |||||||||||||
|
AssetAllocation |
EQ/Moderate-Plus Allocation† - EIMG |
1.13% | 15.24% | 8.08% | 5.66% | |||||||||||||
|
FixedIncome |
EQ/PIMCO Ultra Short Bond - EIMG; Pacific Investment Management Company LLC |
0.88% | ^ | 5.68% | 1.64% | 1.26% | ||||||||||||
|
Equity |
EQ/Small Company Index - EIMG; AllianceBernstein L.P. |
0.64% | 16.74% | 10.07% | 7.01% | |||||||||||||
|
Equity |
EQ/Value Equity - EIMG; Aristotle Capital Management, LLC |
0.92% | 19.55% | 10.05% | 6.91% | |||||||||||||
|
FixedIncome |
Multimanager Core Bond - EIMG; BlackRock Financial Management, Inc., DoubleLine Capital LP, Pacific Investment Management Company LLC, SSGA Funds Management, Inc. |
0.87% | ^ | 5.04% | 0.61% | 1.20% | ||||||||||||
|
Specialty |
Multimanager Technology - EIMG; AllianceBernstein L.P., FIAM LLC, Wellington Management Company LLP |
1.24% | ^ | 49.52% | 19.07% | 16.18% |
| ^ |
This Portfolio's annual expenses reflect temporary fee reductions. |
| † |
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. |
Please note that you may transfer account value out of the investment option that invests in the above class A shares of each Portfolio into any other investment option available under your contract or policy any time prior to the Effective Date. Such transfers will be free of charge and will not count as one of your annual free transfers under your contract or policy. Also, for a period of 60 days after the Effective Date, any account value that was transferred to the investment option that invests in the class B share of the Portfolio as a result of the Combination can be transferred into any other investment option available under your contract or policy free of charge and will not count as one of your annual free transfers. Please refer to your Prospectus for detailed information about investment options.
On or about the Effective Date:
| - |
The class A share of each Portfolio under your contract or policy will be removed as an investment option, and the corresponding class B share of the Portfolio will be added as an available investment option (subject to any applicable allocation restrictions). If you have account value allocated to the investment option that invests in the class A share of the Portfolio, your contract or policy will be automatically credited with interest in the corresponding investment option that invests in the class B share of the Portfolio. Your interest in the class B share of the Portfolio immediately after the Combination will be equal to your interest in the removed class A share of the Portfolio immediately prior to the Combination. |
| - |
You will not bear any of the expenses related to the Combination, and the Combination will not result in any tax consequences for you. |
| - |
All allocation elections and instructions that include the class A share of the Portfolio(s) will be automatically updated to replace the class A share of the Portfolio(s) with the corresponding class B share of the Portfolio(s) unless you instruct us otherwise. |
2
You may wish to consult with your financial professional to determine if your existing allocation instructions should be changed before or after the Effective Date. No action is required on your part. For more information, please contact your financial professional or contact our customer service representative.
Variable Annuity and Life Products List by Portfolio
| Target Portfolio | Contract or Policy | |
| 1290 VT Equity Income |
Annuity Products: Retirement Cornerstone® Series; Retirement Cornerstone® Series 12.0; Retirement Cornerstone® Series 13.0; Retirement Cornerstone® Series 15.0; Retirement Cornerstone® Series 15.0 Series E; Retirement Cornerstone® Series 15A; Retirement Cornerstone® Series 15A Series E; Retirement Cornerstone® Series 15B; Retirement Cornerstone® Series 15B Series E; Retirement Cornerstone® Series 17; Retirement Cornerstone® Series 17 Series E; Retirement Cornerstone® Series 19; Retirement Cornerstone® Series 19 Series E Life Policies: Corporate Sponsored Variable Universal Life; IL Protector; Survivorship 2000SM |
|
|
1290 VT GAMCO Mergers & Acquisitions 1290 VT GAMCO Small Company Value |
Annuity Products: Retirement Cornerstone® Series; Retirement Cornerstone® Series 12.0; Retirement Cornerstone® Series 13.0; Retirement Cornerstone® Series 15.0; Retirement Cornerstone® Series 15.0 Series E; Retirement Cornerstone® Series 15A; Retirement Cornerstone® Series 15A Series E; Retirement Cornerstone® Series 15B; Retirement Cornerstone® Series 15B Series E; Retirement Cornerstone® Series 17; Retirement Cornerstone® Series 17 Series E; Retirement Cornerstone® Series 19; Retirement Cornerstone® Series 19 Series E Life Policies: Corporate Owned Incentive Life®; Incentive Life COLI; Incentive Life COLI '04; |
|
| 1290 VT Socially Responsible | Life Policies: Corporate Sponsored Variable Universal Life; Incentive Life® '02; Survivorship Incentive LifeSM '02 | |
| EQ/AB Small Cap Growth |
Annuity Products: EQUI-VEST® (Series 100-500); EQUI-VEST® Employer-Sponsored Retirement Plans; MomentumSM; Retirement Cornerstone® Series; Retirement Cornerstone® Series 12.0; Retirement Cornerstone® Series 13.0; Retirement Cornerstone® Series 15.0; Retirement Cornerstone® Series 15.0 Series E; Retirement Cornerstone® Series 15A; Retirement Cornerstone® Series 15A Series E; Retirement Cornerstone® Series 15B; Retirement Cornerstone® Series 15B Series E; Retirement Cornerstone® Series 17; Retirement Cornerstone® Series 17 Series E; Retirement Cornerstone® Series 19; Retirement Cornerstone® Series 19 Series E; MomentumSM Plus; Variable Immediate Annuity; Retirement Investment Account® Life Policies: Corporate Owned Incentive Life®; Corporate Sponsored Variable Universal Life; IL Protector; Incentive Life® '02; Incentive Life COLI; Incentive Life COLI '04; Survivorship 2000SM; Survivorship Incentive LifeSM '02 |
|
| EQ/Aggressive Allocation | Annuity Products: Retirement Cornerstone® Series; Retirement Cornerstone® Series 12.0 | |
| EQ/Moderate-Plus Allocation | Life Policies: Corporate Owned Incentive Life®; Corporate Sponsored Variable Universal Life; IL Protector; Incentive Life '02; Incentive Life COLI; Incentive Life COLI '04; Paramount LifeSM; Survivorship 2000SM; Survivorship Incentive LifeSM '02 | |
| EQ/All Asset Growth Allocation | Annuity Products: Retirement Cornerstone® Series; Retirement Cornerstone® Series 12.0; Retirement Cornerstone® Series 13.0; Retirement Cornerstone® Series 15.0; Retirement Cornerstone® Series 15.0 Series E; Retirement Cornerstone® Series 15A; Retirement Cornerstone® Series 15A Series E; Retirement Cornerstone® Series 15B; Retirement Cornerstone® Series 15B Series E; Retirement Cornerstone® Series 17; Retirement Cornerstone® Series 17 Series E; Retirement Cornerstone® Series 19; Retirement Cornerstone® Series 19 Series E | |
| EQ/Capital Group Research |
Annuity Products: Retirement Cornerstone® Series; Retirement Cornerstone® Series 12.0; Retirement Cornerstone® Series 13.0 Life Policies: Corporate Owned Incentive Life®; Corporate Sponsored Variable Universal Life; Incentive Life® '02; Incentive Life COLI '04; Paramount LifeSM; Survivorship Incentive LifeSM '02 |
3
| Target Portfolio | Contract or Policy | |
| EQ/ClearBridge Large Cap Growth ESG | Life Policies: Corporate Owned Incentive Life®; Incentive Life® '02; Incentive Life COLI '04; Survivorship Incentive LifeSM '02 | |
| EQ/Clearbridge Select Equity Managed Volatility | Annuity Products: Retirement Cornerstone® Series; Retirement Cornerstone® Series 12.0 | |
|
EQ/Conservative Allocation EQ/Conservative-Plus Allocation |
Life Policies: Corporate Owned Incentive Life®; Corporate Sponsored Variable Universal Life; IL Protector; Incentive Life '02; Incentive Life COLI; Incentive Life COLI '04; Paramount LifeSM; Survivorship 2000SM; Survivorship Incentive LifeSM '02 | |
| EQ/Core Bond Index | Life Policies: Corporate Sponsored Variable Universal Life; IL Protector; Incentive Life® '02; Paramount LifeSM; Survivorship 2000SM; Survivorship Incentive LifeSM '02 | |
| EQ/Franklin Small Cap Value Managed Volatility | Annuity Products: Retirement Cornerstone® Series; Retirement Cornerstone® Series 12.0 | |
| EQ/Global Equity Managed Volatility |
Annuity Products: Retirement Cornerstone® Series; Retirement Cornerstone® Series 12.0; Retirement Cornerstone® Series 13.0 Life Policies: Corporate Owned Incentive Life®; Incentive Life® '02; Incentive Life COLI '04; Survivorship Incentive LifeSM '02 |
|
| EQ/International Core Managed Volatility |
Annuity Products: Retirement Cornerstone® Series; Retirement Cornerstone® Series 12.0; Retirement Cornerstone® Series 13.0; Retirement Cornerstone® Series 15.0; Retirement Cornerstone® Series 15.0 Series E; Retirement Cornerstone® Series 15A; Retirement Cornerstone® Series 15A Series E; Retirement Cornerstone® Series 15B; Retirement Cornerstone® Series 15B Series E; Retirement Cornerstone® Series 17; Retirement Cornerstone® Series 17 Series E; Retirement Cornerstone® Series 19; Retirement Cornerstone® Series 19 Series E Life Policies: Incentive Life® '02; Paramount LifeSM; Survivorship Incentive LifeSM '02 |
|
|
EQ/International Value Managed Volatility EQ/Large Cap Growth Managed Volatility |
Annuity Products: Retirement Cornerstone® Series; Retirement Cornerstone® Series 12.0; Retirement Cornerstone® Series 13.0 Life Policies: Corporate Owned Incentive Life®; Corporate Sponsored Variable Universal Life; Incentive Life® '02; Incentive Life COLI '04; Paramount LifeSM; Survivorship Incentive LifeSM '02 |
|
| EQ/Invesco Comstock |
Annuity Products: Retirement Cornerstone® Series; Retirement Cornerstone® Series 12.0; Retirement Cornerstone® Series 13.0; Retirement Cornerstone® Series 15.0; Retirement Cornerstone® Series 15.0 Series E; Retirement Cornerstone® Series 15A; Retirement Cornerstone® Series 15A Series E; Retirement Cornerstone® Series 15B; Retirement Cornerstone® Series 15B Series E; Retirement Cornerstone® Series 17; Retirement Cornerstone® Series 17 Series E; Retirement Cornerstone® Series 19; Retirement Cornerstone® Series 19 Series E Life Policies: IL Protector; Incentive Life® '02; Incentive Life COLI; Incentive Life COLI '04; Survivorship 2000SM; Survivorship Incentive LifeSM '02 |
|
| EQ/Invesco Global | Annuity Products: Retirement Cornerstone® Series; Retirement Cornerstone® Series 12.0; Retirement Cornerstone® Series 13.0; Retirement Cornerstone® Series 15.0; Retirement Cornerstone® Series 15.0 Series E; Retirement Cornerstone® Series 15A; Retirement Cornerstone® Series 15A Series E; Retirement Cornerstone® Series 15B; Retirement Cornerstone® Series 15B Series E; Retirement Cornerstone® Series 17; Retirement Cornerstone® Series 17 Series E; Retirement Cornerstone® Series 19; Retirement Cornerstone® Series 19 Series E |
4
| Target Portfolio | Contract or Policy | |
| EQ/Janus Enterprise |
Annuity Products: Retirement Cornerstone® Series; Retirement Cornerstone® Series 12.0; Retirement Cornerstone® Series 13.0; Retirement Cornerstone® Series 15.0; Retirement Cornerstone® Series 15.0 Series E; Retirement Cornerstone® Series 15A; Retirement Cornerstone® Series 15A Series E; Retirement Cornerstone® Series 15B; Retirement Cornerstone® Series 15B Series E; Retirement Cornerstone® Series 17; Retirement Cornerstone® Series 17 Series E; Retirement Cornerstone® Series 19; Retirement Cornerstone® Series 19 Series E Life Policies: Corporate Sponsored Variable Universal Life; IL Protector; Incentive Life® '02; Incentive Life COLI; Paramount LifeSM; Survivorship 2000SM; Survivorship Incentive LifeSM '02 |
|
| EQ/JPMorgan Growth Stock |
Annuity Products: Retirement Cornerstone® Series; Retirement Cornerstone® Series 12.0; Retirement Cornerstone® Series 13.0; Retirement Cornerstone® Series 15.0; Retirement Cornerstone® Series 15.0 Series E; Retirement Cornerstone® Series 15A; Retirement Cornerstone® Series 15A Series E; Retirement Cornerstone® Series 15B; Retirement Cornerstone® Series 15B Series E; Retirement Cornerstone® Series 17; Retirement Cornerstone® Series 17 Series E; Retirement Cornerstone® Series 19; Retirement Cornerstone® Series 19 Series E Life Policies: Corporate Owned Incentive Life®; Incentive Life® '02; Incentive Life COLI '04; Paramount LifeSM; Survivorship Incentive LifeSM '02 |
|
| EQ/JPMorgan Value Opportunities |
Annuity Products: Retirement Cornerstone® Series; Retirement Cornerstone® Series 12.0 Life Policies: Corporate Owned Incentive Life®; Corporate Sponsored Variable Universal Life; Incentive Life® '02; Incentive Life COLI '04; Survivorship Incentive LifeSM '02 |
|
| EQ/Large Cap Core Managed Volatility | Life Policies: Corporate Owned Incentive Life®; Incentive Life® '02; Incentive Life COLI '04; Paramount LifeSM; Survivorship Incentive LifeSM '02 | |
|
EQ/Large Cap Growth Index EQ/Mid Cap Index EQ/Value Equity |
Annuity Products: Retirement Cornerstone® Series; Retirement Cornerstone® Series 12.0; Retirement Cornerstone® Series 13.0; Retirement Cornerstone® Series 15.0; Retirement Cornerstone® Series 15.0 Series E; Retirement Cornerstone® Series 15A; Retirement Cornerstone® Series 15A Series E; Retirement Cornerstone® Series 15B; Retirement Cornerstone® Series 15B Series E; Retirement Cornerstone® Series 17; Retirement Cornerstone® Series 17 Series E; Retirement Cornerstone® Series 19; Retirement Cornerstone® Series 19 Series E Life Policies: Corporate Owned Incentive Life®; Incentive Life® '02; Incentive Life COLI '04; Paramount LifeSM; Survivorship Incentive LifeSM '02 |
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| EQ/Large Cap Value Index |
Annuity Products: Retirement Cornerstone® Series; Retirement Cornerstone® Series 12.0; Retirement Cornerstone® Series 13.0; Retirement Cornerstone® Series 15.0; Retirement Cornerstone® Series 15.0 Series E; Retirement Cornerstone® Series 15A; Retirement Cornerstone® Series 15A Series E; Retirement Cornerstone® Series 15B; Retirement Cornerstone® Series 15B Series E; Retirement Cornerstone® Series 17; Retirement Cornerstone® Series 17 Series E; Retirement Cornerstone® Series 19; Retirement Cornerstone® Series 19 Series E Life Policies: IL Protector; Incentive Life® '02; Survivorship 2000SM; Survivorship Incentive LifeSM '02 |
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| EQ/Large Cap Value Managed Volatility |
Annuity Products: EQUI-VEST® (Series 100-500); EQUI-VEST® Employer-Sponsored Retirement Plans; MomentumSM; MomentumSM Plus; Retirement Cornerstone® Series; Retirement Cornerstone® Series 12.0; Retirement Cornerstone® Series 13.0; Retirement Cornerstone® Series 15.0; Retirement Cornerstone® Series 15.0 Series E; Retirement Cornerstone® Series 15A; Retirement Cornerstone® Series 15A Series E; Retirement Cornerstone® Series 15B; Retirement Cornerstone® Series 15B Series E; Retirement Cornerstone® Series 17; Retirement Cornerstone® Series 17 Series E; Retirement Cornerstone® Series 19; Retirement Cornerstone® Series 19 Series E; Variable Immediate Annuity; Retirement Investment Account®; 300+ Series Life Policies: Corporate Owned Incentive Life®; Corporate Sponsored Variable Universal Life; IL Protector; Incentive Life® '02; Incentive Life COLI; Incentive Life COLI '04; Paramount LifeSM; Survivorship 2000SM; Survivorship Incentive LifeSM '02 |
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| Target Portfolio | Contract or Policy | |
| EQ/Loomis Sayles Growth |
Annuity Products: Retirement Cornerstone® Series; Retirement Cornerstone® Series 12.0; Retirement Cornerstone® Series 13.0; Retirement Cornerstone® Series 15.0; Retirement Cornerstone® Series 15.0 Series E; Retirement Cornerstone® Series 15A; Retirement Cornerstone® Series 15A Series E; Retirement Cornerstone® Series 15B; Retirement Cornerstone® Series 15B Series E; Retirement Cornerstone® Series 17; Retirement Cornerstone® Series 17 Series E; Retirement Cornerstone® Series 19; Retirement Cornerstone® 19 Series E Life Policies: Corporate Owned Incentive Life®; IL Protector; Incentive Life COLI; Incentive Life COLI '04; Survivorship 2000SM |
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| EQ/MFS International Growth |
Annuity Products: Retirement Cornerstone® Series; Retirement Cornerstone® Series 12.0; Retirement Cornerstone® Series 13.0; Retirement Cornerstone® Series 15.0; Retirement Cornerstone® Series 15.0 Series E; Retirement Cornerstone® Series 15A; Retirement Cornerstone® Series 15A Series E; Retirement Cornerstone® Series 15B; Retirement Cornerstone® Series 15B Series E; Retirement Cornerstone® Series 17; Retirement Cornerstone® Series 17 Series E; Retirement Cornerstone® Series 19; Retirement Cornerstone® Series 19 Series E |
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| EQ/Mid Cap Value Managed Volatility |
Annuity Products: Retirement Cornerstone® Series; Retirement Cornerstone® Series 12.0; Retirement Cornerstone® Series 13.0; Retirement Cornerstone® Series 15.0; Retirement Cornerstone® Series 15.0 Series E; Retirement Cornerstone® Series 15A; Retirement Cornerstone® Series 15A Series E; Retirement Cornerstone® Series 15B; Retirement Cornerstone® Series 15B Series E; Retirement Cornerstone® Series 17; Retirement Cornerstone® Series 17 Series E; Retirement Cornerstone® Series 19; Retirement Cornerstone® Series 19 Series E Life Policies: Corporate Owned Incentive Life®; Corporate Sponsored Variable Universal Life; IL Protector; Incentive Life®; Incentive Life® '02; Incentive Life® '06; Incentive Life COLI; Incentive Life COLI '04; Incentive Life Legacy®; Incentive Life Optimizer®; Paramount LifeSM; Survivorship 2000SM; Survivorship Incentive LifeSM '99; Survivorship Incentive LifeSM '02; Survivorship Incentive LifeSM Legacy |
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| EQ/PIMCO Ultra Short Bond |
Annuity Products: Retirement Cornerstone® Series; Retirement Cornerstone® Series 12.0; Retirement Cornerstone® Series 13.0; Retirement Cornerstone® Series 15.0; Retirement Cornerstone® Series 15.0 Series E; Retirement Cornerstone® Series 15A; Retirement Cornerstone® Series 15A Series E; Retirement Cornerstone® Series 15B; Retirement Cornerstone® Series 15B Series E; Retirement Cornerstone® Series 17; Retirement Cornerstone® Series 17 Series E; Retirement Cornerstone® Series 19; Retirement Cornerstone® Series 19 Series E Life Policies: Corporate Sponsored Variable Universal Life; IL Protector; Incentive Life® '02; Paramount LifeSM; Survivorship 2000SM; Survivorship Incentive LifeSM '02 |
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| EQ/Small Company Index |
Annuity Products: Retirement Cornerstone® Series; Retirement Cornerstone® Series 12.0; Retirement Cornerstone® Series 13.0; Retirement Cornerstone® Series 15.0; Retirement Cornerstone® Series 15.0 Series E; Retirement Cornerstone® Series 15A; Retirement Cornerstone® Series 15A Series E; Retirement Cornerstone® Series 15B; Retirement Cornerstone® Series 15B Series E; Retirement Cornerstone® Series 17; Retirement Cornerstone® Series 17 Series E; Retirement Cornerstone® Series 19; Retirement Cornerstone® Series 19 Series E Life Policies: Corporate Owned Incentive Life®; Corporate Sponsored Variable Universal Life; IL Protector; Incentive Life '02; Incentive Life COLI; Incentive Life COLI '04; Paramount LifeSM; Survivorship 2000SM; Survivorship Incentive LifeSM '02 |
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| Multimanager Core Bond | Life Policies: Corporate Owned Incentive Life®; Corporate Sponsored Variable Universal Life; Incentive Life® '02; Incentive Life COLI '04; Paramount LifeSM; Survivorship Incentive LifeSM '02 | |
| Multimanager Technology | Life Policies: Corporate Owned Incentive Life®; Incentive Life® '02; Incentive Life COLI '04; Paramount LifeSM; Survivorship Incentive LifeSM '02 |
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