Structured Capital Strategies® Income indexed variable annuity
Guaranteed retirement income for the rest of your clients' lives
Growth potential meets guaranteed income
Our Structure Capital Strategies® Income indexed variable annuity offers the best of both worlds with potential growth opportunities and guaranteed retirement income.
Talk to our team today
Call our Individual Retirement Sales Desk
(888) 517-9900Monday–Friday, 8 a.m. - 7 p.m. ET
For financial professionals only. If you are an individual investor please contact your financial professional for more information.
Your clients can also enjoy a 7% deferral incentive and enhanced income rates.1
Deliver more confidence for your clients' next chapter
Optimize and grow guaranteed retirement income
Explore flexible retirement income options and innovative ways to increase income in retirement, e.g., our Reset Boost.
Manage market worries with a level of downside protection
Choose from indices to track 1- and 3-year durations and multiple levels of downside protection.
Offer more value with lower costs
Get your clients’ money to work harder for them with explicit fees as low as 1.50% on this indexed variable annuity.*
Learn more about Equitable’s Structured Capital Strategies® Income indexed variable annuity
Here’s how Equitable’s Structured Capital Strategies® Income indexed variable annuity works
Help your clients choose how they’ll take income
Level Income
The Level Income Option provides an income that does not decrease throughout the duration of your client’s contract and is guaranteed for life.
Accelerated Income
The Accelerated Income Option provides a higher level of income early in retirement. It never changes unless the account balance drops to zero. Even if this happens, they will still receive income—just a lower amount.
Opportunities to increase your clients' income
Income Rate Bump
With each Annual Reset, your clients’ income rate may increase to the income rate that corresponds to their age at the time of that reset, until their first withdrawal.
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* 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.
** Income Base assumes no withdrawals.
You can assure your clients that they will have a level of protection if markets drop
1. Your clients choose the index they’ll track and link to from well-known indices
2. Choose the timeframe to track the index
Your clients can choose to track an index over a 1-year or 3-year period. Typically, they may see more volatility in a single year than over a 3-year period.
3. Choose a level of protection
Based on the index your client chooses and the period of time they want to track that index, they’ll be able to protect a portion of their savings from market declines.
4. Choose an investment approach
Clients can choose to track the index using a Standard, Annual Lock, Dual Direction, Dual Step Up, Enhanced Upside, Loss Limiter or Step Up approach.
2 For Loss Limiter Segments, the Segment Rate of Return is equal to the greater of (a) the Index Performance Rate, subject to the Performance Cap Rate and Segment Buffer and (b) the Segment Investment Protection Level minus 1.
Depending on the Segment Option(s) selected, clients’ are protected from some downside risk; clients agree to absorb some or all of the loss in excess of the Segment Buffer, so there is a risk of substantial loss of principal.
Please note that individuals cannot invest directly in an index. Due to spacing constraints the index names in the chart above have been abbreviated. Please see the Important Information section for the full index names and descriptions.
There is a risk of a substantial loss of the client's principal and previously credited interest because the client agrees to absorb all losses from the portion of any negative Index Performance Rate that exceeds the Segment Buffer on the Segment Maturity Date or Annual Lock Anniversary. The risk of loss of principal and previously credited interest can become greater in the case of a withdrawal (including an automatic or systematic withdrawal, a required minimum distribution, a withdrawal under the GLWB rider, or a withdrawal to pay advisory fees under a Series ADV contract), annuitization, death, surrender, contract cancellation, or transfer prior to a Segment Maturity Date due to charges and adjustments imposed on those distributions, and this may occur even if index performance has been positive.
Help your clients choose how they want to take care of their loved ones
Return of premium
Clients can preserve and pass on their original investment amount and additional contribution, adjusted for withdrawals. This option is included for no additional cost with their contract unless the Highest Anniversary Value death benefit is elected.
Highest anniversary value
Your clients can lock in the highest year-end Account Value each year, up to age 85, adjusted for withdrawals. They can leave that higher amount to the people they care most about. If your client chooses the Highest Anniversary death benefit, an additional annual fee of 0.35% will apply.
With low fees, more of your clients' money works for them
In addition to the significant value of your clients knowing their income is guaranteed for life, low costs mean less of their returns are going to fees and more money stays working for them and their future.
Enjoy smoother retirement planning with our tools and resources
Teach your clients about guaranteed retirement income
Video transcript: Today most of us are saving for a future we look forward to. And you know that having a retirement you’ve worked hard for starts with financial security. You may be asking yourself—Will my social security and pensions provide enough money to live on? And will that income last? Many Americans are seeing that supplementing social security and pensions with other predictable, protected income can help them be more confident in their future. Creating the retirement you want starts with a retirement income plan.
At Equitable, we want to help you look to your future with certainty. We’re a leader in defining innovative retirement strategies for people like you. And now we offer you an entirely new way to have guaranteed lifetime income that will never run out.
Now we introduce, Structured Capital Strategies® Income– Equitable’s newest cutting-edge income variable annuity, designed around four key ideas:
First, Structured Capital Strategies® Income offers you the comfort of knowing you’ll have income for life that’s guaranteed to never run out.
And you won’t have to wait before starting your income. We’ve designed it so that you can take more money earlier if you want more income sooner.
Use it to get early income from day 1 to bridge your income gap. When you retire and are waiting to ‘turn on’ your Social Security or a pension, it can provide the income you need so you can wait and get the highest amount you're due.
Better yet, you control your own cashflow! You choose how frequently you get your payments! Monthly. Quarterly. Or annually.
Next with Structured Capital Strategies® Income there are several opportunities to increase income. You’ll capture market gains with Annual Resets, up to a predetermined performance cap rate - which is generally the highest rate of return you could get with an Annual Reset. And you could increase your income with a deferral incentive each year you wait to start your income. In fact, Equitable is the only company that allows you to combine Annual Resets and the Deferral Incentive in a single year with our innovative Reset Boost.
With Structured Capital Strategies® Income you’ll have a number of ways to customize your investments to suit your needs and investing philosophy. Whether you’re more comfortable with large U.S companies or emerging market potential, you choose the level of protection from market losses that you want and you'll know how much you can gain through Annual Resets and performance cap.
Concerned about market ups and downs? Structured Capital Strategies® Income tracks the performance of the index you choose. When the market goes down, you can protect your investment from market losses up to 40%. Which means your investment wouldn't lose money until the loss exceeds the level of protection you’ve chosen.
Finally, Structured Capital Strategies® Income is a great value with low costs. That means your money works harder for you. If you want to stop worrying about outliving your money, and having the retirement you love, learn more about Structured Capital Strategies® Income.
You’ll have the certainty of guaranteed lifetime income. With opportunities to increase your income. And have a level of protection from market losses. Ask your financial professional about Structured Capital Strategies® Income. And check out our helpful Retirement Guide available in the app store.
We’re here to help you build your business
With our support, you can find the variable annuities that meet each of your client’s retirement planning needs.
(888) 517-9900
Monday–Friday, 8 a.m. – 7 p.m. (ET)
For financial professionals only. Individual investors should contact your financial professional for more information.
1
Rates effective November 13, 2023. New business rates are declared periodically and may change as frequently as monthly.
2 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.
*In addition, expenses related to administration, sales and certain risks in the contract are factored into the Performance Cap Rate. As long as your clients’ money is invested in the Structured Investment Option, they will not be charged additional fees. If your clients choose the optional Highest Anniversary Value (HAV) Death Benefit, or invest their money in a Variable Investment Option, additional fees and charges will apply.
Important information
Index descriptions
S&P 500 Price Return Index — Includes 500 leading companies in leading industries of the U.S. economy, capturing approximately 80% coverage of U.S. equities. The S&P 500 Price Return Index does not include dividends declared by any of the companies included in this Index. Larger, more established companies may not be able to attain potentially higher growth rates of smaller companies, especially during extended periods of economic expansion. S&P®, Standard & Poor’s®, S&P 500® and Standard & Poor’s 500® are trademarks of Standard & Poor’s Financial Services LLC (Standard & Poor’s) and have been licensed for use by the company. Structured Capital Strategies® Income is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s does not make any representation regarding the advisability of investing in product.
Russell 2000® Price Return Index — Measures the performance of the small-cap segment of the U.S. equity universe. The Russell 2000® Price Return Index is a subset of the Russell 3000® Index representing approximately 10% of the total market capitalization of that index. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership. The Russell 2000® Price Return Index does not include dividends declared by any of the companies included in this index. Stocks of small and mid-size companies have less liquidity than those of larger companies and are subject to greater price volatility than the overall stock market. Smaller company stocks involve a greater risk than is customarily associated with more established companies. The Russell 2000® Index is a trademark of Russell Investments and has been licensed for use by the company. The product is not sponsored, endorsed, sold or promoted by Russell Investments and Russell Investments makes no representation regarding the advisability of investing in the product.
MSCI EAFE Price Return Index — The MSCI EAFE Price Return Index is a free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the United States and Canada. The MSCI EAFE Price Return Index does not include dividends declared by any of the companies included in this index. International securities carry additional risks, including currency exchange fluctuation and different government regulations, economic conditions and accounting standards. The product referred to herein is not sponsored, endorsed or promoted by MSCI, and MSCI bears no liability with respect to any such product or any index on which such product is based. The prospectus contains a more detailed description of the limited relationship MSCI has with the company and any related products.
NASDAQ 100 Price Return Index (Not available in all jurisdictions) — The NASDAQ 100 Price Return Index includes 100 of the largest domestic and international non-financial securities listed on The NASDAQ Stock Market based on market capitalization. The index reflects companies across major industry groups, including computer hardware and software, telecommunications and biotechnology. Non-diversified investing may be focused in a smaller number of issues or one sector of the market that may make the value of the investment more susceptible to certain risks than diversified investing. The NASDAQ 100 Price Return Index does not include dividends declared by any of the companies included in this index.
MSCI Emerging Markets Price Return Index (Not available in all jurisdictions) — The MSCI Emerging Markets Price Return Index is a free float-adjusted market capitalization index that is designed to measure equity market performance of emerging markets. International securities carry additional risks, including currency exchange fluctuation and different government regulations, economic conditions and accounting standards.
EURO STOXX 50® (Not available in all jurisdictions) — The EURO STOXX 50®® Index provides a blue-chip representation of super sector leaders in the Eurozone. The index covers 50 stocks from Eurozone countries. The EURO STOXX 50® Price Return Index does not include dividends declared by any of the companies included in this Index. The EURO STOXX 50® is the intellectual property (including registered trademarks) of STOXX Ltd., Zug, Switzerland (STOXX), Deutsche Börse Group or their licensors, which is used under license. The product is neither sponsored nor promoted, distributed or in any other manner supported by STOXX, Deutsche Börse Group or their licensors, research partners or data providers and STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not give any warranty, and exclude any liability (whether in negligence or otherwise) with respect thereto generally or specifically in relation to any errors, omissions or interruptions in the EURO STOXX 50® index or its data.
Definition of terms
Standard Segment — For Standard Segments, the Segment Rate of Return is equal to the index performance rate, subject to the Performance Cap Rate and Segment Buffer.
Dual Direction Segment — For Dual Direction Segments, the Segment Rate of Return is equal to the absolute value of the Index Performance Rate for that Segment if the Index Performance Rate is between the Performance Cap Rate and the Segment Buffer, inclusive of both.
Dual Step Up Segment — For Dual Step Up Segments, the Segment Rate of Return is equal to the Performance Cap Rate if the Index Performance Rate is greater than or equal to the Segment Buffer or the Index Performance Rate, subject to the Segment Buffer if the Index Performance Rate is less than the Segment Buffer.
Annual Lock Segment — Unlike other Segments, your return is cumulatively calculated based on index performance each Annual Lock Period, subject to the Performance Cap Rate and Segment Buffer.
Enhanced Upside Segment — Enhanced Upside Segments multiply positive Index Performance Rates by an Enhanced Upside Rate to increase the Segment Rate of Return subject to the Performance Cap Rate.
Step Up Segment — For Step Up Segments, the Segment Rate of Return is equal to the Performance Cap Rate if the Index Performance Rate for that Segment is greater than or equal to zero on the Segment Maturity Date.
Loss Limiter Segment — For Loss Limiter Segments, the Segment Rate of Return is equal to the greater of (a) the Index Performance Rate, subject to the Performance Cap Rate and Segment Buffer and (b) the Segment Investment Protection Level minus 1.
Disclosure
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. Your clients should consult with their 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 have the client contact a financial professional.
Transfers or withdrawals during a Segment: If your clients transfer or withdraw all of a Segment’s value prior to the Segment Maturity Date, they may receive less than the Segment Investment. If your clients 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 your clients had held the investment to maturity.
The Variable Investment Options available in Structured Capital Strategies® Income are 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 clients are purchasing an annuity contract to fund an IRA or employer-sponsored retirement plan, they 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. 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.
Equitable is the brand name of the retirement and protection subsidiaries of Equitable Holdings, Inc., including Equitable Financial Life Insurance Company (NY, NY); Equitable Financial Life Insurance Company of America, an AZ stock company; and Equitable Distributors, LLC. Equitable Advisors is the brand name of Equitable Advisors, LLC (member FINRA, SIPC) (Equitable Financial Advisors in MI & TN).
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.