Personal Income Benefitsm
A supplemental source of guaranteed retirement income
The Personal Income Benefitsm is a “pension-like” plan benefit, available through the EQUI-VEST® series of variable annuities, which provides guaranteed withdrawal payments and helps employees be more confident about retirement. No matter what happens in the market, the retirement income amount can only go up.*
Equitable believes that education is a key step toward addressing your financial goals, and we've designed this material to serve simply as an informational and educational resource. Accordingly, the information on this website does not offer or constitute investment advice and makes no direct or indirect recommendation of any particular product or of the appropriateness of any particular investment-related option. Your needs, goals and circumstances are unique, and they require the individualized attention of your financial professional. But for now, take some time just to learn more.
EQUI-VEST is a variable deferred annuity designed for retirement purposes. There are contract restrictions, limitations, fees and charges associated with annuities, which include, but are not limited to, mortality and expense risk charges, sales and withdrawal charges and administrative fees. A financial professional can provide EQUI-VEST cost information and complete details. Variable annuities are subject to market risk, including loss of principal.
*Early withdrawals from the Personal Income Benefit account value or withdrawals from the Personal Income Benefit account value that exceed the Guaranteed Annual Withdrawal Amount may significantly reduce or eliminate the value of the Personal Income Benefit.
EQUI-VEST and the Personal Income Benefit feature may not be available in all jurisdictions or in all plans.
An annuity contract that is purchased to fund a 403(b) plan should be done so for the annuity’s features and benefits other than tax deferral. For such cases, tax deferral is not an additional benefit for the annuity. You may also want to consider the relative features, benefits, and costs of this annuity with any other investment that you may have in connection with your retirement plan or arrangement.
Click here to gain access to the EQUI-VEST prospectus.
Withdrawals from annuities are subject to ordinary income tax treatment and if taken prior to age 59 ½ may be subject to an additional 10% federal income tax penalty. Withdrawals may also be subject to a contractual withdrawal charge of 5% in the first five prior contract years for the Series 201 contract.
Equitable may discontinue the acceptance of, and/or place limitations on, contributions and transfers into the contract and/or certain investment options. Annuities contain certain restrictions and limitations. For costs and complete details, please contact a financial professional.
This page is not a complete description of the Personal Income Benefit or the EQUI-VEST variable annuity.
EQUI-VEST is issued by Equitable Financial Life Insurance Company (New York, NY). Co-distributed by affiliates Equitable Advisors, LLC and Equitable Distributors, LLC (members FINRA, SIPC). Equitable, Equitable Advisors, and Equitable Distributors do not provide legal or tax advice. Consult with your attorney and/or tax advisor regarding your individual circumstances.
All guarantees are based on the claims-paying ability of Equitable Financial Life Insurance Company.
Contract form #s: 2006BASE-I-A, 2006BASE-I-B, 2004TSAGAC, 2004EDCGAC, 2008TSAGAC901, 2009EDCGAC901, 2009401aGAC901 and any state variations.
Contract endorsement form #s: 2006BASE-A, 2006BASE-B, 2004TSACERT-A, 2004TSACERT-B, 2004EDCCERT-A, 2004EDCCERT-B, 2008TSA901-A, 2008TSA901-B, 2009EDC901-A, 2009EDC901-B, 2009401a901-A, 2009401a901-B and any state variations.
Certificate endorsement form #s: 2012RDPIB, 2012RDPIBG and any state variations.