Discover a simple and predictable retirement income strategy
Planning for retirement can be an exciting journey with the right tools at your disposal. Equitable's Structured Capital Strategies® Income variable annuity offers a simple way to help you grow your retirement savings while ensuring a guaranteed retirement income stream.
With its built-in Guaranteed Lifetime Withdrawal Benefit (GLWB)1, you can enjoy the confidence that may come with knowing you'll have a protected source of retirement income. Innovative features like the Reset Boost1 allow the opportunity to increase your income to reach the retirement goal you envision. Confidently navigate your financial future with a simple, predictable strategy that makes your money work for you.
A variable annuity is a long-term investment product designed for retirement that allows you to invest in various funds and offers the potential for growth. It also provides a steady income stream during retirement.
The GLWB ensures you receive a steady income for life, regardless of market conditions. You can choose between Level Income and Accelerated Income options based on your retirement needs.
Automatic Annual Resets lock in market gains each year, which can increase your Income Base and, therefore, your retirement income. Before you begin withdrawing your retirement income, you can receive a deferral credit on top of any Annual Reset. We call this combined benefit our Reset Boost.
While the value of your investment can fluctuate, the level of protection you choose helps mitigate losses during market downturns, providing a measure of security. Your income base may increase with the gains from market resets and the deferral incentive, but it will not be impacted if the market declines.
Structured Capital Strategies® Income charges an annual fee of 1.50% for the GLWB, which is lower than the average fees for similar annuities. Contracts include a Return of Premium Death Benefit at no additional cost. If you choose the optional Highest Anniversary Value (HAV) Death Benefit, or invest your money in a Variable Investment Option, additional fees and charges will apply.
1 A Guaranteed Lifetime Withdrawal Benefit (GLWB) is a rider that allows for withdrawals, either regular or occasional, to be made from an annuity during the accumulation phase without penalty. The annuitant pays for the GLWB rider with additional fees that are added to the total value of the annuity contract. The amount of money allowed to be withdrawn is a percentage of the Income Base.
2 Reset Boost: Owners should consider when to take the first withdrawal under the contract, since doing so will prohibit the owner from making any further contributions under the contract and will also terminate all Deferral Incentives and income rate increases in connection with Annual Resets under the GLWB rider, which could significantly limit increases in the values under the GLWB, as well as increases in the contract’s account value and death benefit. Please refer to the Structured Capital Strategies® Income overview brochure and prospectus for more information on how to create steady and predictable income that never runs out.
3 In addition, expenses related to administration, sales and certain risks in the contract are factored into the Performance Cap Rate. As long as your money is invested in the Structured Investment Option, they will not be charged additional fees. If you choose the optional Highest Anniversary Value (HAV) Death Benefit, or invest your money in a Variable Investment Option, additional fees and charges will apply.
Annual Reset — Your GLWB Income Base is eligible to reset, locking in market gains, on each contract date anniversary through your 85th birthday. On any such contract date anniversary, we will compare your Account Value to your current Income Base and, if your Account Value is greater, we will increase your Income Base to equal your Account Value.
Important information
This page was prepared to support the promotion and marketing of Equitable Financial and Equitable America variable annuities. Equitable Financial, Equitable America, their distributors and their respective representatives do not provide tax, accounting or legal advice. Any tax statements contained herein were not intended or written to be used, and cannot be used, for the purpose of avoiding U.S. federal, state or local tax penalties. You should consult with your own independent advisors as to any tax, accounting or legal statements made herein. A variable annuity is a long-term financial product designed for retirement purposes. There are fees and charges associated with a variable annuity contract, which include, but are not limited to, operations charges, sales and withdrawal charges, administrative fees, and additional charges for optional benefits.
All contract and rider guarantees, including optional benefits and any fixed subaccount crediting rates or annuity payout rates, are backed by the claims-paying ability of the issuing life insurance company. They are not backed by the broker/dealer or insurance agency from or through which this annuity is purchased, by the insurance agency from which this annuity is purchased or any affiliates of those entities, and none makes any representations or guarantees regarding the claims-paying ability of the issuing life insurance company. Typically, variable annuities contain certain restrictions and limitations. In addition, early withdrawals may be subject to surrender charges and, if taken prior to age 59½, a 10% federal income tax penalty. Variable annuities are subject to investment risks, including possible loss of principal invested. Annuities contain certain restrictions and limitations. For costs and complete details, please contact a financial professional.
Transfers or withdrawals during a Segment: If you transfer or withdraw all of a Segment’s value prior to the Segment Maturity Date, they may receive less than the Segment Investment. If you transfer or withdraw a portion of a Segment’s value prior to the Segment Maturity Date, the Segment Investment will be reduced by a pro rata amount, which may be greater than the dollar amount of the transfer or withdrawal, and as a result your Segment Maturity Value may be less than if you had held the investment to maturity.
The Variable Investment Option available in Structured Capital Strategies® Income is subject to market risk, including loss of principal. The investment results of these Variable Investment Options do not depend on the investment performance of a related index. It is not possible to invest directly in an index.
Unlike an index fund, Structured Capital Strategies® Income provides a return at maturity designed to provide a combination of protection against certain decreases in the index and a limitation on participation in certain increases in the index. Structured Capital Strategies® Income does not involve an investment in any underlying portfolio. Instead, it is an obligation of the issuing life insurance company. The Segment Buffer protects your clients from some downside risk. If the negative return is in excess of the Segment Buffer, there is a risk of substantial loss of principal. For clients who would like a guarantee of principal, Equitable Financial and Equitable America offer other products that provide such guarantees.
Please keep in mind that Equitable Financial and Equitable America, on advance notice to the client, may discontinue, suspend or change Segment offerings and contributions/transfers, or make other changes in contribution and transfer requirements and limitations. A Segment is an investment in a Segment Type, with a specific maturity date. The prospectus contains more information on these limitations and restrictions. Certain features and benefits described herein may not be available in all jurisdictions. In addition, some distributors may eliminate and/or limit the availability of certain features or options, based on annuitant issue age or other criteria. This page is not a complete description of the Structured Capital Strategies® Income variable annuity.
If you are purchasing an annuity contract to fund an IRA or employer-sponsored retirement plan, you should understand that such annuities do not provide tax deferral benefits beyond those already provided by the Internal Revenue Code. Variable annuities are sold by prospectus only, which contains more complete information about the policy, including risks, charges, expenses and investment objectives. You should review the prospectus carefully before sending money. Contact your financial professional for a copy of the current prospectus or view the prospectus on this page.
When distributed outside of New York state by Equitable Advisors, LLC (member FINRA, SIPC) (Equitable Financial Advisors in MI & TN) through Equitable Advisors Financial Professionals whose business address is not in New York state or when distributed by Equitable Distributors, LLC through financial professionals of unaffiliated broker/dealers when the solicitation state is not New York, Structured Capital Strategies® Income variable annuity (February 2023 version) is issued by Equitable Financial Life Insurance Company of America (Equitable America), an AZ stock company with an administrative office located in Charlotte, NC. When offered by Equitable Advisors Financial Professionals whose business address is in New York state or when distributed by Equitable Distributors, LLC through financial professionals of unaffiliated broker/dealers when the solicitation state is New York, Structured Capital Strategies® Income is issued by Equitable Financial Life Insurance Company (Equitable Financial) (NY, NY). The obligations of Equitable America and Equitable Financial are backed solely by their own claims paying abilities.
Idaho contract form #s: 2021SCSBASE-A(ID) and 2021SCSBASE-A(ID)-Z.
All other states contract form #s: 2021SCSBASE-A, 2021SCSBASE-B, 2021SCSBASE-A-Z, 2021SCSBASE-B-Z and any state variations.
GE-6999958.1 (09/2024) (Exp. 09/2028)
