Structured Capital Strategies® Performance Cap Rates

The information listed here is shown for informational purposes to help investors understand recent trends for the indices. It is important to understand that this is not a projection of future Performance Cap Rates. Investors have the option to set a Performance Cap Threshold. The actual Performance Cap Rates declared on the Segment Start Date may vary from what is shown here. You will not know the actual Performance Cap Rates in advance. The daily cap rates shown here are calculated the same way as the declared Performance Cap Rates.

Please select from the drop down menu above to switch to another version of Structured Capital Strategies®. You can customize and save your preference on your browser by selecting “Remember for next time” near the bottom of the page. Structured Capital Strategies® 16 contracts are generally applied for on or after 2/22/2016, depending on when Series 16 was approved in your state.

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Next Segment Start Date:

Performance Cap Rate are set in advance, generally two weeks prior to the Segment Start Date.

In order to participate in the Segment offering, funds must be in the account before the Segment Start Date provided that all participation requirements are met. Allocation instructions changes made on Segment Start Date will apply to the next Segment offering.

"N/A" indicates that the Segment was not offered/suspended. "Uncap" indicates that the Segment offered an uncapped Performance Cap Rate. Currently, the minimum Performance Cap Rate is 2% for each Annual Lock Period. Equitable Financial Life Insurance Company will suspend a Segment if the Performance Cap Rate on the Segment Start Date would be less than the minimum. Equitable Financial Life Insurance Company reserves the right to lower or eliminate the minimum Performance Cap Rates. Performance Cap Rates are presented to assist in establishing a Performance Cap Threshold. Performance Cap Rates do not represent annual rates of return.

Performance Cap Rate — For Annual Lock Segments, the Performance Cap Rate is the highest Annual Lock Yearly Rate of Return that can be applied on an Annual Lock Anniversary. For Step Up Segments, the Performance Cap Rate is the Segment Rate of Return if the Index Performance Rate for that Segment is greater than or equal to zero. The Performance Cap Rate is not an Annual Rate of Return. The Performance Cap Rate for the same Segment may be different for owners who elect that Segment during their first contract year than for owners who are in their second or later contract year. A Segment with a Performance Cap Rate below the applicable minimum Performance Cap Rate will not be established. In some cases, a Performance Cap Rate may not be declared for a Segment. When this happens, there is no maximum Segment Rate of Return for that Segment and the Segment is declared "Uncapped." When a Segment is Uncapped, you will receive the index performance rate for that Segment, subject to the Segment Buffer. If the Performance Cap Rate is determined on the Segment Start Date, then you will not know the rate in advance.

The Performance Cap Rates are determined based on the index level, interest rates, and market implied volatility. The main drivers of the level of the Performance Cap Rates are equity volatility and interest rate data sourced from banks. Higher volatility and higher interest rates lead to higher caps. In setting the Performance Cap Rates, we take into account that we incur expenses in connection with a contract, including insurance and administrative expenses. Also, Segment Types with greater downside protection will typically have lower Performance Cap Rates than other Segment Types that use the same index and duration but provide less downside protection. Please note that you are not investing directly in the applicable index or any underlying securities.

Definitions of Terms

Annual Lock Segment — The Annual Lock Segment provides a return that is cumulatively calculated based on index performance each Annual Lock Period, subject to the Performance Cap Rate and Segment Buffer less the Return of Premium Death Benefit rider. The 1-Year Performance Cap Rate is determined at the inception of the 6-Year duration. The -10% Segment Buffer protects against the first 10% of loss each Annual Lock Period. The minimum Performance Cap Rate for each Annual Lock Period is 2%.

Segment Buffer — The amount of loss in the chosen index that will be absorbed upon maturity. The Segment Buffer protects you from some downside risk. If the negative return is in excess of the Segment Buffer, there is a risk of substantial loss of principal.

Segment Duration — Period from Segment Start Date to Segment Maturity Date.

Segment Type — Comprises all Segment Options having the same Index, Segment Duration and Segment Buffer. Each Segment Type has a corresponding Segment Type Holding Account.

Step Up Segment — This Segment Option offers an upside guaranteed return at maturity if the underlying index performance is equal to or greater than zero. If the index performance is negative, the Segment Buffer will absorb up to 10% of loss. Step Up Segments measure the performance of the index from Segment Start Date to Segment Maturity Date.

While you are protected from some downside risk, if the negative return is in excess of the Segment Buffer, there is a risk of a substantial loss of your principal.

"N/A" indicates that the segment was not offered/suspended. "Uncap" indicates that the segment offered an uncapped Performance Cap Rate. Currently, the minimum Performance Cap Rates for the 1, 3, and 5-year segments are 2%, 6%, and 10% respectively. Equitable Financial Life Insurance Company will suspend a segment if the performance Cap Rate on the Segment Start Date would be less than the minimum. Equitable Financial Life Insurance Company reserves the right to lower or eliminate the minimum Performance Cap Rates. Performance Cap Rates are presented to assist in establishing a Performance Cap Threshold. Performance Cap Rates do not represent annual rates of return.

Please note that the Performance Cap Rates listed for the Choice Segments do not reflect the Choice Cost which would reduce the segment performance by 1% per year of duration (for example, 5% for a 5 year Segment). "*" indicates that the identified Choice Segment was offered with the Choice Cost waived since the Performance Cap Rate for a Choice Segment did not exceed the Performance Cap Rate for a comparable Standard Segment with -10% buffer by an amount that is at least equal to the Choice cost.

Performance Cap Rate — For Standard Segments and Choice Segments the Performance Cap Rate is the highest Segment Rate of Return that can be credited on a Segment Maturity Date.

The cap rates are determined based on the index level, interest rates, and market implied volatility. The main drivers of the level of the cap rates are equity volatility and interest rate data sourced from banks. Higher volatility and higher interest rates lead to higher caps. In setting the Performance Cap Rates, we take into account that we incur expenses in connection with a contract, including insurance and administrative expenses. Also, Segment Types with greater downside protection will typically have lower Performance Cap Rates than other Segment Types that use the same index and duration but provide less downside protection. Please note that you are not investing directly in the applicable index or any underlying securities.

Prior to the Segment Start Date, you may elect a Performance Cap Threshold. The Performance Cap Threshold is the minimum Performance Cap Rate that you determine to be acceptable in allowing sweeps from the Segment Type Holding Account into a Segment. This means that you can determine a minimum level of return that meets your investment needs. If your Performance Cap Threshold is not met (the Performance Cap Rate is lower than your designated Performance Cap Threshold), your money will continue to be invested in the Segment Type Holding Account until it is met or the entire account value is transferred out of the Segment Type Holding Account. The Performance Cap Threshold is effective through the first scheduled sweep opportunity that is at least two months after the date on which the Performance Cap Threshold becomes effective. No amounts will sweep to the segment if the Performance Cap Threshold exceeds the Performance Cap Rate on that date. Any amount in the holding account will sweep into the segment on the segment start date following the expiration of the Performance Cap Threshold, unless a new Performance Cap Threshold is established prior to that date.

Definitions of Terms

Segment Type — Combination of the index option, duration and buffer you choose is what distinguishes your investment option.

Segment Buffer — Built-in feature, in which the Segment Buffer will absorb up to the first -10%, -15%, -20%, -25% or -30% of any loss. You will absorb the loss in excess of your Segment Buffer.

Segment Duration — Segment Start Date to Segment Maturity Date, available in one, three, and five years.

Choice Segments — Any Segment belonging to a Segment Type whose name begins with "Choice", also use the same index as the Standard Segments. Choice Segments are subject to application of the Choice cost. The cost to invest in a Choice Segment is an amount equal to 1% of the Segment Investment per year of duration of the Choice Segment. However, the Choice cost is waived if the Index Performance Rate is zero or negative at Segment Maturity.

While you are protected from some downside risk, if the negative return is in excess of the Segment Buffer, there is a risk of a substantial loss of your principal.

¹Not available in all firms and jurisdictions.

"N/A" indicates that the Segment was not offered/suspended. "Uncap" indicates that the Segment offered an uncapped Performance Cap Rate. Currently, the minimum Performance Cap Rate is 12% for Standard and Dual Direction Segments, 2% for Step Up Segments and 2% for each Annual Lock period. Equitable Financial Life Insurance Company will suspend a Segment if the Performance Cap Rate on the Segment Start Date would be less than the minimum. Equitable Financial Life Insurance Company reserves the right to lower or eliminate the minimum Performance Cap Rates.

Performance Cap Rates do not represent annual rates of return.

Definition of Terms

Annual Lock Segment - Any multiyear duration Segment belonging to a Segment Type whose name includes “Annual Lock.” 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

Dual Direction Segment – Dual Direction Segments measure the performance of the index from Segment Start Date to Segment Maturity Date. If the corresponding Index Performance Rate exceeds the Performance Cap Rate during this time period, you receive the Performance Cap Rate. If the Index Performance Rate is between the Performance Cap Rate and Segment Buffer (inclusive of both), you receive the absolute value of the index performance. If the Index Performance Rate is less than the Segment Buffer, the Segment Buffer will absorb the first 10% of the loss.

Performance Cap Rate — For Standard and Dual Direction Segments, the Performance Cap Rate is the highest Segment Rate of Return that can be credited on a Segment Maturity Date. For Annual Lock Segments, the Performance Cap Rate is the highest Annual Lock Yearly Rate of Return that can be applied on an Annual Lock Anniversary. For Step Up Segments, the Performance Cap Rate is the Segment Rate of Return if the Index Performance Rate for that Segment is greater than or equal to zero. The Performance Cap Rate is not an Annual Rate of Return.

Segment Buffer — The portion of any negative Index Performance Rate that the Segment Buffer absorbs on a Segment Maturity Date or each Annual Lock Anniversary for a particular Segment. Any percentage decline in a Segment’s Index Performance Rate in excess of the Segment Buffer reduces your Segment Maturity Value and any Annual Lock Anniversary Ending Amount.

Segment Duration — Period from Segment Start Date to Segment Maturity Date.

Segment Type — Comprises all Segment Options having the same Index, Segment Duration and Segment Buffer. Each Segment Type has a corresponding Segment Type Holding Account.

Standard Segment – Any Segment that is not an Annual Lock Segment, Dual Direction Segment or Step Up Segment.

Step Up Segment — Any Segment belonging to a Segment Type whose name includes “Step Up.” 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.

"N/A" indicates that the Segment was suspended/not offered. "Uncap" indicates that the Segment offered an uncapped Performance Cap Rate. Currently, the minimum Performance Cap Rate for the 5-year Segment is 10%. Equitable will suspend a Segment if the Performance Cap Rate on the Segment Start Date would be less than the minimum. Equitable reserves the right to lower or eliminate the minimum Performance Cap Rates. Performance Cap Rates are presented to assist in establishing a Performance Cap Threshold. Performance Cap Rates do not represent annual rates of return.

Performance Cap Rate — For Standard Segments, the Performance Cap Rate is the highest Segment Rate of Return that can be credited on a Segment Maturity Date. For Annual Lock Segments, the Performance Cap Rate is the highest Annual Lock Yearly Rate of Return that can be applied on an Annual Lock Anniversary. The Performance Cap Rate is not an annual rate of return. This rate is locked in on the Segment Start Date. It may limit potential in up markets and may be lower than performance you may otherwise have experienced if invested in a mutual fund or exchange-traded fund designed to track the performance of the applicable index. The Performance Cap Rate for the same Segment may be different for owners who elect that Segment during their first contract year than for owners who are in their second or later contract year. A Segment with a Performance Cap Rate below the applicable minimum Performance Cap Rate will not be established. In some cases, a Performance Cap Rate may not be declared for a Segment. When this happens, there is no maximum Segment Rate of Return for that Segment and the Segment is declared "Uncapped." When a Segment is Uncapped, you will receive the index performance rate for that Segment, subject to the Segment Buffer. Investors will not know what the Performance Cap Rate is until the Segment starts.

The Performance Cap Rates are determined based on the index level, interest rates, and market implied volatility. The main drivers of the level of the cap rates are equity volatility and interest rate data sourced from banks. Higher volatility and higher interest rates lead to higher caps. In setting the Performance Cap Rates, we take into account that we incur expenses in connection with a contract, including insurance and administrative expenses. Also, Segment Types with greater downside protection will typically have lower Performance Cap Rates than other Segment Types that use the same index and duration but provide less downside protection. Please note that you are not investing directly in the applicable index or any underlying securities.

Prior to the Segment Start Date, you may elect a Performance Cap Threshold. The Performance Cap Threshold is the minimum Performance Cap Rate that you determine to be acceptable in allowing sweeps from the Segment Type Holding Account into a Segment. This means that you can determine a minimum level of return that meets your investment needs. If your Performance Cap Threshold is not met (the Performance Cap Rate is lower than your designated Performance Cap Threshold), your money will continue to be invested in the Segment Type Holding Account until it is met or the entire account value is transferred out of the Segment Type Holding Account. The Performance Cap Threshold is effective through the first scheduled sweep opportunity that is at least two months after the date on which the Performance Cap Threshold becomes effective. No amounts will sweep to the segment if the Performance Cap Threshold exceeds the Performance Cap Rate on that date. Any amount in the holding account will sweep into the segment on the Segment Start Date following the expiration of the Performance Cap Threshold, unless a new Performance Cap Threshold is established prior to that date.

Definitions of Terms

Annual Lock Segment — Provides a return that is cumulatively calculated based on index performance each Annual Lock Period, subject annually to the Performance Cap Rate and Segment Buffer. The 1-year Performance Cap Rate is determined at the inception of the 5-year duration. The -10% Segment Buffer protects against the first 10% of loss each Annual Lock Period. The minimum Performance Cap Rate for Annual Lock segment is 2%.

Segment Buffer — The amount of loss in your index Segment that will be absorbed upon maturity. The Segment Buffer protects you from some downside risk. If the negative return is in excess of the Segment Buffer, there is a risk of substantial loss of principal.

Segment Duration — Period from Segment Start Date to Segment Maturity Date.

Segment Type — Combination of the index option and buffer you choose is what distinguishes your investment option.

Please note that the Performance Cap Rates listed for the Choice Segments (available for Series B) do not reflect the Choice Cost which would reduce the segment performance by 1% per year of duration (for example, 5% for a 5 year Segment). "*" indicates that the identified Choice Segment was offered with the Choice Cost waived since the Performance Cap Rate for a Choice Segment did not exceed the Performance Cap Rate for a comparable Standard Segment with -10% buffer by an amount that is at least equal to the Choice cost.

Performance Cap Rate — For Standard Segments and Choice Segments the Performance Cap Rate is the highest Segment Rate of Return that can be credited on a Segment Maturity Date. For Annual Lock Segments the Performance Cap Rate is the highest Annual Lock Yearly Rate of Return that can be applied on an Annual Lock Anniversary. The Performance Cap Rate is not an annual rate of return.

Definitions of Terms

Segment Type — Combination of the index option, duration and buffer you choose is what distinguishes your investment option.

Segment Buffer — Built-in feature, in which the Segment Buffer will absorb up to the first -10%, -15%, -20%, -25% or -30% of any loss. You will absorb the loss in excess of your Segment Buffer.

Segment Duration — Segment Start Date to Segment Maturity Date, available in one, three, and five years.

Choice Segments (available for Series B) — Any Segment belonging to a Segment Type whose name begins with "Choice", also use the same index as the Standard Segments. Choice Segments are subject to application of the Choice cost. The cost to invest in a Choice Segment is an amount equal to 1% of the Segment Investment per year of duration of the Choice Segment. However, the Choice cost is waived if the Index Performance Rate is zero or negative at Segment Maturity.

Annual Lock Segment (available for Series B) — Provides a return that is cumulatively calculated based on Index performance each Annual Lock Period subject annually to the Performance Cap Rate and Segment Buffer. The minimum Performance Cap Rate for Annual Lock segment is 2%.

While you are protected from some downside risk, if the negative return is in excess of the Segment Buffer, there is a risk of a substantial loss of your principal.

1 Not available in all firms and jurisdictions.

"N/A" indicates that the Segment was not offered/suspended. "Uncap" indicates that the Segment offered an uncapped Performance Cap Rate. Currently, the minimum Performance Cap Rate is 12% for Standard Segments and 2% for each Annual Lock period. Equitable will suspend a Segment if the Performance Cap Rate on the Segment Start Date would be less than the minimum. Equitable reserves the right to lower or eliminate the minimum Performance Cap Rates.

Performance Cap Rates do not represent annual rates of return.

Definitions of Terms

Annual Lock Segment - Segment Option that provides a return that is cumulatively calculated based on index performance each Annual Lock Period, subject annually to the Performance Cap Rate and Segment Buffer.

Performance Cap Rate — For Standard Segments, the Performance Cap Rate is the highest Segment Rate of Return that can be credited on a Segment Maturity Date. For Annual Lock Segments, the Performance Cap Rate is the highest Annual Lock Yearly Rate of Return that can be applied on an Annual Lock Anniversary. The Performance Cap Rate is not an Annual Rate Of Return. The Performance Cap Rate for the same Segment may be different for owners who elect that Segment during their first contract year than for owners who are in their second or later contract year. A Segment with a Performance Cap Rate below the applicable minimum Performance Cap Rate will not be established. In some cases, a Performance Cap Rate may not be declared for a Segment. When this happens, there is no maximum Segment Rate of Return for that Segment and the Segment is declared "Uncapped." When a Segment is Uncapped, you will receive the index performance rate for that Segment, subject to the Segment Buffer. Performance Cap Rates are set in advance, at least 2 weeks prior to the Segment Start Date.

Segment Buffer —The amount of loss in the chosen index that will be absorbed upon maturity. The Segment Buffer protects you from some downside risk. If the negative return is in excess of the Segment Buffer, there is a risk of substantial loss of principal.

Segment Duration —Period from Segment Start Date to Segment Maturity Date.

Segment Type — Comprises all Segment Options having the same Index, Segment Duration and Segment Buffer. Each Segment Type has a corresponding Segment Type Holding Account.

Standard Segment –Standard Segments measure the performance of the index from point-to-point (Segment Start Date to Segment Maturity Date). If the corresponding index performance is positive over this time period, this Segment Option captures the full performance growth up to the cap, less the ROP DB fee if elected. If the index performance is negative, the chosen Segment Buffer will absorb up to 10%, 20% or 30% of loss.

CurrentFullYear

Monthly Cap Rates Series B

This flyer provides the most recent Performance Cap Rates.

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Market Trend Indicator Series B

This PDF includes the Market Trend Indicator (MTI) for Series B. The MTI helps investors understand recent trends for the indices in order to help with the setting of Performance Cap Thresholds.

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Structured Capital Strategies^® Fact Card - Series B

This flyer is one of eight slip sheets of the Structured Capital Strategies^® - Series B sales kit that must be ordered together. This flyer provides a detailed summary of Structured Capital Strategies^® - Series B.

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Monthly Cap Rates Series B

This flyer provides the most recent Performance Cap Rates.

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Market Trend Indicator Series B

This PDF includes the Market Trend Indicator (MTI) for Series B. The MTI helps investors understand recent trends for the indices in order to help with the setting of Performance Cap Thresholds.

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Structured Capital Strategies^® Fact Card - Series B

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Cap Rate Flyer for SCS PLUS

These flyers provide the most recent Performance Cap Rates.

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Structured Capital Strategies^® PLUS Fact Card

This flyer is one of four slip sheets of the Structured Capital Strategies^® PLUS sales kit that must be ordered together. This flyer provides a detailed summary of Structured Capital Strategies^® PLUS.

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Cap Rate Flyer for SCS PLUS Guard^®

These flyers provide the most recent Performance Cap Rates.

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Structured Capital Strategies PLUS Guard^® Fact Card

This flyer is one of multiple slip sheets of the Structured Capital Strategies PLUS Guard^® sales kit that must be ordered together. This flyer provides a detailed summary of Structured Capital Strategies PLUS Guard^®.

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Monthly Cap Rates Series B

This flyer provides the most recent Performance Cap Rates.

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Market Trend Indicator Series B

This PDF includes the Market Trend Indicator (MTI) for Series B. The MTI helps investors understand recent trends for the indices in order to help with the setting of Performance Cap Thresholds.

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Structured Capital Strategies^® Fact Card - Series B

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Cap Rate Flyer for SCS PLUS

These flyers provide the most recent Performance Cap Rates.

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Structured Capital Strategies^® PLUS Fact Card

This flyer is one element of the Structured Capital Strategies^® PLUS sales kit that must be ordered together. This Fact Card provides a detailed summary of Structured Capital Strategies^® PLUS.

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Monthly Cap Rates Series C

This flyer provides the most recent Performance Cap Rates.

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Market Trend Indicator Series C

This PDF includes the Market Trend Indicator (MTI) for Series C. The MTI helps investors understand recent trends for the indices in order to help with the setting of Performance Cap Thresholds.

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Structured Capital Strategies^® Fact Card Series C

This flyer is one of eight slip sheets of the Structured Capital Strategies^® Series C sales kit that must be ordered together. This flyer provides a detailed summary of Structured Capital Strategies Series C.

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Monthly Cap Rates Series ADV

This flyer provides the most recent Performance Cap Rates.

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Market Trend Indicator Series ADV

This PDF includes the Market Trend Indicator (MTI) for Series ADV. The MTI helps investors understand recent trends for the indices in order to help with the setting of Performance Cap Thresholds.

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Structured Capital Strategies^® Fact Card Series ADV

This flyer is one of eight slip sheets of the Structured Capital Strategies® Series ADV sales kit that must be ordered together. This flyer provides a detailed summary of Structured Capital Strategies Series ADV.

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Monthly Cap Rates Series ADV

This flyer provides the most recent Performance Cap Rates.

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Market Trend Indicator Series ADV

This PDF includes the Market Trend Indicator (MTI) for Series ADV. The MTI helps investors understand recent trends for the indices in order to help with the setting of Performance Cap Thresholds.

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Structured Capital Strategies^® Fact Card Series ADV

This flyer is one of eight slip sheets of the Structured Capital Strategies^® Series ADV sales kit that must be ordered together. This flyer provides a detailed summary of Structured Capital Strategies Series ADV.

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Monthly Cap Rates Series C

This flyer provides the most recent Performance Cap Rates.

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Market Trend Indicator Series C

This PDF includes the Market Trend Indicator (MTI) for Series C. The MTI helps investors understand recent trends for the indices in order to help with the setting of Performance Cap Thresholds.

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Structured Capital Strategies^® Fact Card Series C

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IMPORTANT NOTE

Equitable Financial Life Insurance Company 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, this brochure 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.

Structured Capital Strategies^® is a variable and index-linked deferred annuity contract and is a long-term financial product designed for retirement purposes. Simply stated, an annuity is a contract between you and an insurance company that lets you pursue the accumulation of assets. You may then take payments or a lump sum amount at a later date. In Structured Capital Strategies^®, you invest to accumulate value on a tax-deferred basis in one or more of our variable investment options and/or in one of the Segments comprising the Structured Investment Option.

In setting the Performance Cap Rate, which is the maximum Segment Rate of Return that each Segment will be credited with on the Segment Maturity Date and is set at our sole discretion, we take into account that we incur expenses in connection with a contract, including insurance and administrative expenses. There are variable investment options available with this product that are not discussed in this material. Any withdrawal charge applicable to your variable investment option, Segment Type Holding Account or Structured Investment Option will be reflected in the cash value upon surrender and certain withdrawals. There is a Variable Investment Option fee deducted daily from the net assets in each variable investment option and Segment Type Holding Account that covers administrative expenses, sales expenses and certain expense risks. The variable investment option operating expenses, management fees, 12b-1 fees and investment-related expenses are reflected in the daily share price of each portfolio. Information on Structured Capital Strategies^® fees and charges can be found in the accompanying prospectus and fact card.

The Structured Investment Option does not involve an investment in any underlying portfolio. Instead, it is an obligation and subject to the claims-paying ability of Equitable Financial Life Insurance Company.

It is important to know that variable annuities are subject to investment risks, including the possible loss of principal invested. Withdrawals from your contract value may be subject to withdrawal charges for Structured Capital Strategies Series B version. The taxable portion of any withdrawal from an annuity contract is ordinary income, not capital gain. You can access a free withdrawal amount up to 10% of the beginning-of-contract-year account value free of withdrawal charges. If you decide to withdraw prior to five years after making a contribution, you will incur a declining withdrawal charge, a percentage dependent on the year you withdraw. Withdrawal charges may be waived under certain circumstances. Note: a new withdrawal charge schedule will apply to each contribution as of the date received by Equitable Financial Life Insurance Company. If you withdraw during a Segment, the Segment Interim Value is the value of your investment prior to the Segment Maturity Date. The Segment Interim Value may be lower than your original investment in the Segment even where the index is higher at the time of the withdrawal, prior to maturity, than at the time of the original investment. See Segment Interim Value in the Important Terms section of the fact card. Partial withdrawals are permitted. Unless otherwise requested withdrawals are taken in the following order on a pro-rata basis: 1. Variable Investment Options (VIOs), 2. Segment Type Holding Account(s), 3. Segment(s). An additional 10% federal income tax penalty may also apply to withdrawals taken before age 59½.

Structured Capital Strategies^®, from Equitable Financial Life Insurance Company, packages a growth strategy with tax deferral. There are several investment options available, some of which allow you to participate in the upside performance potential of indices that track certain domestic, international and commodities markets. Additionally, there is a built-in feature that provides some protection that can help reduce loss.

This is not a complete description of Structured Capital Strategies^®. In order to fully understand Structured Capital Strategies^® and how it works, it is important to read the accompanying prospectus and fact card.

The Performance Cap Rate is not known before the Segment starts. Therefore, you will not know in advance the upper limit on the return that may be credited to your Segment. Negative consequences may apply if for any reason amounts invested in a Segment are removed before the Segment Maturity Date. Withdrawals from an annuity contract are taxable as ordinary income, not as capital gain and, if made prior to age 59½, may be subject to an additional 10% federal income tax penalty. Withdrawals may also be subject to contractual withdrawal charges. The contractual withdrawal charge declines from 5% over a five-year period for the Structured Capital Strategies^® Series B version. The declining withdrawal charge for contract years 1-3 is 5%, for contract year 4 is 4%, for contract year 5 is 3% and thereafter there are no charges. For further information on the Performance Cap Rate and the risks and limitations with the Structured Capital Strategies^® product, please refer to the Structured Capital Strategies^® prospectus.

If you are purchasing an annuity contract as an Individual Retirement Annuity (IRA), you should be aware that such annuities do not provide tax-deferral benefits beyond those already provided by the Internal Revenue Code. Before purchasing one of these annuities, you should consider whether its features and benefits beyond tax deferral meet your needs and goals. You may also want to consider the relative features, benefits and costs of these annuities with any other investment that you may use in connection with your retirement plan or arrangement.

Not all types of contracts, features and benefits are available in all jurisdictions and all markets. We offer other variable annuity contracts with different fees, charges and features. Not every contract is available through the same selling broker/dealer.

This material was prepared to support the promotion and marketing of Equitable Financial Life Insurance Company variable annuities. Equitable Financial Life Insurance Company, its 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. Please consult your own independent advisors as to any tax, accounting or legal statements made herein.

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 Equitable Financial Life Insurance Company. Structured Capital Strategies^® 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 Structured Capital Strategies^®.

The Russell 2000^® Index tracks the performance of small-cap companies. 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 Index is a trademark of Russell Investments and has been licensed for use by Equitable Financial Life Insurance 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.

The NASDAQ 100 Price Return Index^® (not available in all jurisdictions) 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 MSCI EAFE Price Return Index is a sampling of securities deemed by MSCI as designed to measure the equity market performance of the developed European, Australasian and Far East (EAFE) markets. Australasia includes Australia, New Zealand and neighboring islands of the South Pacific. 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 Equitable Financial Life Insurance Company and any related products.

The MSCI Emerging Markets Price Return Index (not available in all jurisdictions) is a free float-adjusted market capitalization index that is designed to measure equity market performance of 21 emerging market country indices, including Brazil, Russia, India, China and others in Southeast Asia, Eastern Europe, Latin America and Africa. International securities carry additional risks, including currency exchange fluctuation and different government regulations, economic conditions and accounting standards.

The iShares^® Dow Jones U.S. Real Estate Index Fund (not available in all jurisdictions) seeks investment results that correspond generally to the performance of the Dow Jones U.S. Real Estate Index. The Index measures the performance of the Real Estate industry of the U.S. equity market, including real estate holding and developing and real estate investment trust (REITS) subsectors. The investment performance of the iShares^® Dow Jones U.S. Real Estate Index Segment is based only on the closing share price of the Index Fund. The iShares^® Dow Jones U.S. Real Estate Index Segment does not include dividends declared by the Index Fund. 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 Financial Select Sector SPDR Fund (not available in all jurisdictions) seeks to closely match the returns and characteristics of the Financial Select Sector Index, which is the underlying index. The underlying index seeks to provide an effective representation of the financial sector of the S&P 500 Index, and includes companies from the following industries: commercial banks, capital markets, diversified financial services, insurance and real estate. The Financial Select Sector Fund may not fully replicate or may, in certain circumstances, diverge significantly from the performance of the index. 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.

This Structured Capital Strategies^® variable annuity is not sponsored, endorsed, authorized, sold or promoted by the Select Sector Trust, or SSgA FM. Neither the Select Sector Trust nor SSgA FM makes any representations or warranties to purchasers of the variable annuity or any member of the public regarding the advisability of investing in the variable annuity. Neither the Select Sector Trust nor SSgA FM has any obligation or liability in connection with the operation, marketing, trading or sale of the variable annuity.

Energy Select Sector SPDR Fund (Not available in all jurisdictions.) — Seeks to provide investment results that correspond to the price performance of the S&P^® Energy Select Sector Index. The Energy Select Sector Index includes companies from the following industries: oil, gas, and consumable fuels and energy equipment and services. Because the return on your Segment Investment (subject to the Performance Cap and downside Segment Buffer protection) is linked to the performance of the Energy Select Sector SPDR^® Fund and not the underlying index, the return on your Segment Investment may be less than that of an alternative investment linked directly to the underlying index or the components of the underlying index. The investment performance of the Energy Select Sector SPDR^® Fund Segment is only based on the closing share price of the Fund. The Energy Select Sector SPDR^® Fund Segment does not include dividends and other distributions declared by the Fund. 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.

Gold SPDR Shares (Not available in all jurisdictions.) — Seek to reflect the performance of the price of gold bullion. The value of the gold held by the fund will be determined based on the London Bullion Market Association (LBMA) Gold Price PM USD. Because the return on your Segment Investment (subject to the Performance Cap and downside Segment Buffer protection) is linked to the performance of the SPDR^® Gold Shares and not the performance of the price of gold, the return on your Segment Investment may be less than that of an alternative investment linked directly to the performance of the price of gold. The investment performance of the SPDR^® Gold Shares Segment is only based on the closing share price of the Shares. The SPDR^® Gold Shares Segment does not include dividends and other distributions declared by the Shares. 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.

iShares^® MSCI EAFE ETF (not available in all jurisdictions.)—Seeks the investment results that correspond generally to the performance of the MSCI EAFE Index. The index is designed to measure the equity market performance of developed markets, excluding the U.S. and Canada. The investment performance of the iShares^® MSCI EAFE ETF Segment is based only on the closing share price of the Index Fund and the Segment does not include dividends declared by the Index Fund. The MSCI EAFE ETF Segment includes international securities that 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.

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 Equitable Financial Life Insurance Company. They are not backed by the broker/dealer from 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 Equitable Financial Life Insurance Company.

Structured Capital Strategies^® 16 is issued by Equitable Financial Life Insurance Company, New York, NY 10104. Co-distributors: Equitable Advisors, LLC (member FINRA, SIPC) (Equitable Financial Advisors in MI & TN) and Equitable Distributors, LLC. Visit our website at equitable.com. You can contact us at (212) 554-1234 to find out the availability of other contracts.

Contract form #s: 2016SCSBASE-I-B-[A/B], 2016SCSBASE-I-C-[A/B], 2016SCSBASE-I-ADV-[A/B] and any state variations.

Equitable is the brand name of Equitable Holdings, Inc. and its family of companies, including Equitable Financial Life Insurance Company (Equitable Financial); Equitable Advisors, LLC (member FINRA, SIPC) (Equitable Financial Advisors in MI & TN); and Equitable Distributors, LLC. The obligations of Equitable Financial Life Insurance Company are backed solely by its own claims-paying ability.

GE-3122023 (6/20)(Exp. 6/22)

Fund 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 Equitable Financial Life Insurance Company. Structured Capital Strategies^® PLUS 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 Structured Capital Strategies^® PLUS.

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 Equitable Financial Life Insurance 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.

iShares^® MSCI EAFE ETF (not available in all jurisdictions) — Seeks the investment results that correspond generally to the performance of the MSCI EAFE Index. The index is designed to measure the equity market performance of developed markets, excluding the United States and Canada. The investment performance of the iShares^® MSCI EAFE ETF Segment is based only on the closing share price of the Index Fund and the Segment does not include dividends declared by the Index Fund. The MSCI EAFE ETF Segment includes international securities that 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. 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 Equitable Financial Life Insurance Company. They are not backed by the broker-dealer or insurance agency through which this annuity is purchased or any affiliates of those entities and none makes any representations or guarantees regarding the claims-paying ability of Equitable Financial Life Insurance Company.

Important Information

Structured Capital Strategies^® PLUS is a variable and index-linked deferred annuity contract and is a long-term financial product designed for retirement purposes. Simply stated, an annuity is a contract between you and an insurance company that lets you pursue the accumulation of assets. You may then take payments or a lump sum amount at a later date. In Structured Capital Strategies^® PLUS, you invest to accumulate value on a tax-deferred basis in one or more of our Variable Investment Options and/or in one of the Segments comprising the Structured Investment Option.

There are Variable Investment Options available with this product that are not discussed in this material. Any withdrawal charge applicable to your Variable Investment Options, Segment Type Holding Account or Structured Investment Option will be reflected in the cash value upon surrender and certain withdrawals. There is a Variable Investment Option fee deducted daily from the net assets in each Variable Investment Options and Segment Type Holding Account that covers administrative expenses, sales expenses and certain expense risks. The Variable Investment Options operating expenses, management fees, 12b-1 fees and investment-related expenses are reflected in the daily share price of each portfolio. Information on Structured Capital Strategies^® PLUS fees and charges can be found in the accompanying prospectus and fact card.

It is important to know that variable annuities are subject to investment risks, including the possible loss of principal invested. Withdrawals from your contract value may be subject to withdrawal charges for Structured Capital Strategies^® PLUS. The taxable portion of any withdrawal from an annuity contract is ordinary income, not capital gain. You can access a free withdrawal amount up to 10% of the beginning-of-contract-year account value free of withdrawal charges. If you decide to withdraw prior to six years after making a contribution, you will incur a declining withdrawal charge, a percentage dependent on the year you withdraw. Withdrawals may also be subject to contractual withdrawal charges. The contractual withdrawal charge declines from 6% over a six-year period for the Structured Capital Strategies^® PLUS. The declining withdrawal charge for contract years 1-2 is 6%, for contract years 3-4 is 5%, for contract year 5 is 4%, and for contract year 6 is 3% and thereafter there are no charges. Withdrawal charges may be waived under certain circumstances. Note: a new withdrawal charge schedule will apply to each contribution as of the date received by Equitable Financial Life Insurance Company. Negative consequences may apply if for any reason amounts invested in a Segment are removed before the Segment Maturity Date. If you withdraw during a Segment, the Segment Interim Value is the value of your investment prior to the Segment Maturity Date. The Segment Interim Value may be lower than your original investment in the Segment even where the index is higher at the time of the withdrawal, prior to maturity, than at the time of the original investment. See Segment Interim Value in the Fact Card. Partial withdrawals are permitted. Unless otherwise requested withdrawals are taken in the following order on a pro-rata basis: 1. Variable Investment Options (VIOs), 2. Segment Type Holding Account(s), 3. Segment(s). An additional 10% federal income tax penalty may also apply to withdrawals taken before age 59½.

Return of Premium Death Benefit (ROP DB) is an optional rider that returns the sum of premiums adjusted pro rata for withdrawals. You cannot terminate the Return of Premium Death Benefit once you elect it. The death of the reference life on a contract determines when the Return of Premium Death Benefit is payable. The reference life for the Return of Premium Death Benefit is the original owner(s) (or annuitant, if applicable). The reference life will be set for the life of the contract at issue. For joint owner contracts, both spouses are reference lives, and the Return of Premium Death Benefit is payable upon the death of the second spouse. After the death of the first spouse, the remaining reference life is the surviving spouse. The Return of Premium Death Benefit fee is equal to an annual rate of 0.20% for all Segments within Structured Capital Strategies^® PLUS.

This content is not a complete description of all material provisions of the Structured Capital

Strategies^® PLUS annuity contract. In order to fully understand Structured Capital Strategies^® PLUS and how it works, this material must be preceded or accompanied by a current Structured Capital

Strategies^® PLUS prospectus and any applicable supplements. The prospectus contains more complete information, including investment objectives, risks, charges, expenses, limitations and restrictions. Please read the prospectus and any applicable supplements, and consider this information carefully before purchasing a contract.

Equitable Financial Life Insurance Company may at any time exercise its rights to discontinue, suspend or change acceptance of contributions/transfers, as well as change minimum and maximum contribution requirements and limitations. Certain features and benefits described herein may not be available in all jurisdictions and markets. In addition, some distributors may eliminate and/or limit the availability of certain features or options.

We offer other variable annuity contracts with different fees, charges and features. Not every contract is available through the same selling broker/dealer.

Structured Capital Strategies^® PLUS is issued by Equitable Financial Life Insurance Company (Equitable Financial) (NY, NY). Co-distributors: Equitable Distributors, LLC and Equitable Advisors, LLC (member FINRA, SIPC) (Equitable Financial Advisors in MI & TN). Visit our website at equitable.com. You can contact us at (212) 554-1234 to find out the availability of other contracts.

Contract form #s: 2017SCSBASE-I-PL-[A/B] and any state variations.

GE-2930510 (6/2020) (Exp. 6/2022)

IMPORTANT NOTE: Equitable has designed this material to serve as an informational and educational resource; it does not offer or constitute investment advice, and makes no direct or indirect recommendation regarding the appropriateness of any particular product or investment-related option. Your unique needs, goals and circumstances require and deserve the individualized attention of your financial professional.

Structured Capital Strategies^® is a variable and index-linked deferred annuity contract and is a long-term financial product designed for retirement purposes. Simply stated, an annuity is a contract between you and an insurance company that lets you pursue the accumulation of assets. You may then take payments or a lump sum amount at a later date. In Structured Capital Strategies®, you invest to accumulate value on a tax-deferred basis in one or more of the Segments comprising the Structured Investment Option.

Please note that there are variable investment options, additional index options, and Segment Durations available within the contract as well as an additional type of Segment called Choice Segments. These options are not currently available through this Broker-Dealer or may not be initially available when the contract is issued. Please see your product prospectus for more information.

In setting the Performance Cap Rate, which is the maximum Segment Rate of Return that each Segment will be credited with on the Segment Maturity Date and is set at our sole discretion, we take into account that we incur expenses in connection with a contract, including insurance and administrative expenses. Any withdrawal charge applicable to your Segment Type Holding Account or Structured Investment Option will be reflected in the cash value upon surrender and certain withdrawals. There is a Variable Investment Option fee deducted daily from the net assets in each Segment Type Holding Account that covers administrative expenses, sales expenses and certain expense risks. The variable investment option operating expenses, management fees, 12b-1 fees and investment-related expenses are reflected in the daily share price of each portfolio. Information on Structured Capital Strategies® fees and charges can be found in the accompanying prospectus and fact card.

The Structured Investment Option does not involve an investment in any underlying portfolio. Instead, it is an obligation and subject to the claims-paying ability of Equitable Financial Life Insurance Company.

It is important to know that variable annuities are subject to investment risks, including the possible loss of principal invested. Withdrawals from your contract value may be subject to withdrawal charges for Structured Capital Strategies Series B version. The taxable portion of any withdrawal from an annuity contract is ordinary income, not capital gain. You can access a free withdrawal amount up to 10% of the beginning-of-contract-year account value free of withdrawal charges. If you decide to withdraw prior to five years after making a contribution, you will incur a declining withdrawal charge, a percentage dependent on the year you withdraw. Withdrawal charges may be waived under certain circumstances. Note: a new withdrawal charge schedule will apply to each contribution as of the date received by Equitable. If you withdraw during a Segment, the Segment Interim Value is the value of your investment prior to the Segment Maturity Date. The Segment Interim Value may be lower than your original investment in the Segment even where the index is higher at the time of the withdrawal, prior to maturity, than at the time of the original investment. See Segment Interim Value in the Important Terms section of the fact card. Partial withdrawals are permitted. Unless otherwise requested withdrawals are taken in the following order on a pro-rata basis: 1. Segment Type Holding Account(s), 2. Segment(s). An additional 10% federal income tax penalty may also apply to withdrawals taken before age 59½.

Structured Capital Strategies^®, from Equitable, packages a growth strategy with tax deferral. There are several investment options available, some of which allow you to participate in the upside performance potential of indices that track certain domestic, international and commodities markets. Additionally, there is a built-in feature that provides some protection that can help reduce loss.

This is not a complete description of Structured Capital Strategies®. In order to fully understand Structured Capital Strategies® and how it works, it is important to read the accompanying prospectus and fact card.

The Performance Cap Rate is not known before the Segment starts. Therefore, you will not know in advance the upper limit on the return that may be credited to your Segment. Negative consequences may apply if for any reason amounts invested in a Segment are removed before the Segment Maturity Date. Withdrawals from an annuity contract are taxable as ordinary income, not as capital gain and, if made prior to age 59½, may be subject to an additional 10% federal income tax penalty. Withdrawals may also be subject to contractual withdrawal charges. The contractual withdrawal charge declines from 5% over a five-year period for the Structured Capital Strategies® Series B version. The declining withdrawal charge for contract years 1-3 is 5%, for contract year 4 is 4%, for contract year 5 is 3% and thereafter there are no charges. For further information on the Performance Cap Rate and the risks and limitations with the Structured Capital Strategies® product, please refer to the accompanying Structured Capital Strategies® prospectus and fact card.

This content is not a complete description of all material provisions of the Structured Capital Strategies® annuity contract. This material must be preceded or accompanied by a current Structured Capital Strategies® prospectus and any applicable supplements. The prospectus contains more complete information, including investment objectives, risks, charges, expenses, limitations and restrictions. Please read the prospectus and any applicable supplements, and consider this information carefully before purchasing a contract.

If you are purchasing an annuity contract as an Individual Retirement Annuity (IRA), you should be aware that such annuities do not provide tax-deferral benefits beyond those already provided by the Internal Revenue Code. Before purchasing one of these annuities, you should consider whether its features and benefits beyond tax deferral meet your needs and goals. You may also want to consider the relative features, benefits and costs of these annuities with any other investment that you may use in connection with your retirement plan or arrangement.

Equitable may at any time exercise its rights to discontinue, suspend or change acceptance of contributions/transfers, as well as change minimum and maximum contribution requirements and limitations. Please see the prospectus and supplemental materials for details. 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.

Not all types of contracts, features and benefits are available in all jurisdictions and all markets. We offer other variable annuity contracts with different fees, charges and features. Not every contract is available through the same selling broker/dealer. You can contact us at (212) 554-1234 to find out the availability of other contracts.

This material was prepared to support the promotion and marketing of Equitable variable annuities. Equitable, its 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. Please consult your own independent advisors as to any tax, accounting or legal statements made herein.

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 Equitable. Structured Capital Strategies^® 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 Structured Capital Strategies^®.

The Russell 2000^® Index tracks the performance of small-cap companies. 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 Index is a trademark of Russell Investments and has been licensed for use by Equitable. 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.

The MSCI EAFE Price Return Index is a sampling of securities deemed by MSCI as designed to measure the equity market performance of the developed European, Australasian and Far East (EAFE) markets. Australasia includes Australia, New Zealand and neighboring islands of the South Pacific. 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 Equitable and any related products.

The iShares^® MSCI EAFE ETF (not available in all jurisdictions.)—Seeks the investment results that correspond generally to the performance of the MSCI EAFE Index. The index is designed to measure the equity market performance of developed markets, excluding the U.S. and Canada. The investment performance of the iShares® MSCI EAFE ETF Segment is based only on the closing share price of the Index Fund and the Segment does not include dividends declared by the Index Fund. The MSCI EAFE ETF Segment includes international securities that 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.

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 Equitable. They are not backed by the broker/dealer from 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 Equitable.

Structured Capital Strategies^® 16 (February 2019 version) is issued by Equitable Financial Life Insurance Company, New York, NY 10104 and co-distributed by affiliates Equitable Advisors, LLC (member FINRA, SIPC) and Equitable Distributors, LLC. Visit our website at www.equitable.com. You can contact us at (212) 554-1234 to find out the availability of other contracts.

Contract form #s: 2016SCSBASE-I-B-[A/B], 2016SCSBASE-I-C-[A/B], 2016SCSBASE-I-ADV-[A/B] and any state variations.
“Equitable” is the brand name of Equitable Financial Services, LLC and its family of companies, including Equitable Financial Life Insurance Company (NY, NY), Equitable Advisors, LLC, and Equitable Distributors, LLC. The obligations of Equitable Financial Life Insurance Company are backed solely by their claims-paying ability.

® 2019 Equitable Financial Life Insurance Company. All rights reserved. Structured Capital Strategies is patent-approved. Patent no. 8,645,261.

1290 Avenue of the Americas, New York, NY 10104, (212) 554-1234

GE- 132387 (3/19) (Exp. 3/21)

IMPORTANT NOTE

Equitable Financial Life Insurance Company 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, this site 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.

Structured Capital Strategies PLUS Guard^® is a variable and index-linked deferred annuity contract and is a long-term financial product designed for retirement purposes. Simply stated, an annuity is a contract between you and an insurance company that lets you pursue the accumulation of assets. You may then take payments or a lump sum amount at a later date. In Structured Capital Strategies PLUS Guard^®, you invest to accumulate value on a tax-deferred basis in one or more of our Variable Investment Options and/or in one of the Segments comprising the Structured Investment Option.

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 Equitable Financial Life Insurance Company. Structured Capital Strategies PLUS Guard® 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 Structured Capital Strategies PLUS Guard^®.

The 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 Equitable Financial Life Insurance 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.

iShares^® MSCI EAFE ETF (not available in all jurisdictions) - seeks the investment results that correspond generally to the performance of the MSCI EAFE Index. The index is designed to measure the equity market performance of developed markets, excluding the U.S. and Canada. The investment performance of the iShares^® MSCI EAFE ETF Segment is based only on the closing share price of the Index Fund and the Segment does not include dividends declared by the Index Fund. The MSCI EAFE ETF Segment includes international securities that 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.

Equitable Financial Life Insurance Company may at any time exercise its rights to discontinue, suspend or change acceptance of contributions/transfers, as well as change minimum and maximum contribution requirements and limitations. Please see the prospectus and supplemental materials for details. 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 PLUS Guard^® variable annuity and must be accompanied by the product prospectus. Annuities contain certain limitations and restrictions. For costs and complete details, contact a financial professional.

In setting the Performance Cap Rate, we take into account that we incur expenses in connection with a contract, including insurance and administrative expenses. There are Variable Investment Options (VIOs) available with this product that are not discussed in this material. Any withdrawal charge applicable to your VIO, Segment Type Holding Account or Structured Investment Option will be reflected in the cash value upon surrender and certain withdrawals. There is a VIO fee deducted daily from the net assets in each variable investment option and Segment Type Holding Account that covers administrative expenses, sales expenses and certain expense risks. The VIO operating expenses, management fees, 12b-1 fees and investment-related expenses are reflected in the daily share price of each portfolio. Information on Structured Capital Strategies PLUS Guard^® fees and charges can be found in the accompanying prospectus and fact card.

You cannot terminate the Return of Premium Death Benefit once you elect it. The death of the reference life on a contract determines when the Return of Premium Death Benefit is payable. The reference life for the Return of Premium Death Benefit is the original owner(s) (or annuitant, if applicable). The reference life will be set for the life of the contract at issue. For joint owner contracts, both spouses are reference lives, and the Return of Premium Death Benefit is payable upon the death of the second spouse. After the death of the first spouse, the remaining reference life is the surviving spouse. The Return of Premium Death Benefit has an additional fee. Please see your product prospectus for more information.

It is important to know that variable annuities are subject to investment risks, including the possible loss of principal invested. Withdrawals from your contract value may be subject to withdrawal charges for Structured Capital Strategies PLUS Guard^®. The taxable portion of any withdrawal from an annuity contract is ordinary income, not capital gain. You can access a free withdrawal amount up to 10% of the beginning-of-contract-year account value free of withdrawal charges. If you decide to withdraw prior to six years after making a contribution, you will incur a declining withdrawal charge, a percentage dependent on the year you withdraw. Withdrawal charges may be waived under certain circumstances. Note: a new withdrawal charge schedule will apply to each contribution as of the date received by Equitable Financial Life Insurance Company. If you withdraw during a Segment, the Segment Interim Value is the value of your investment prior to the Segment Maturity Date. The Segment Interim Value may be lower than your original investment in the Segment even where the index is higher at the time of the withdrawal, prior to maturity, than at the time of the original investment. See Segment Interim Value in the Important Terms section of the fact card. Partial withdrawals are permitted. Unless otherwise requested withdrawals are taken in the following order on a pro-rata basis: 1. Variable Investment Options (VIOs), 2. Segment Type Holding Account(s), 3. Segment(s). An additional 10% federal income tax penalty may also apply to withdrawals taken before age 59½.

Please note that an annuity contract that is purchased to fund an IRA should be considered 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. This flyer is not a complete description of the Structured Capital Strategies PLUS Guard^® variable annuity.

Structured Capital Strategies PLUS Guard^®, from Equitable Financial Life Insurance Company, packages a growth strategy with tax deferral. There are several investment options available, some of which allow you to participate in the upside performance potential of indices that track certain domestic and international markets. Additionally, there is a built-in feature that provides some protection that can help reduce loss.

Negative consequences may apply if for any reason amounts invested in a Segment are removed before the Segment Maturity Date. Withdrawals from an annuity contract are taxable as ordinary income, not as capital gain and, if made prior to age 59½, may be subject to an additional 10% federal income tax penalty. Withdrawals may also be subject to contractual withdrawal charges. The contractual withdrawal charge declines from 6% over a six-year period for the Structured Capital Strategies PLUS Guard^®. The declining withdrawal charge for contract years 1-2 is 6%, for contract years 3-4 is 5%, for contract year 5 is 4%, and for contract year 6 is 3% and thereafter there are no charges. See the accompanying Structured Capital Strategies PLUS Guard^® Fact Card and Prospectus for additional information on fees and charges associated with Structured Capital Strategies PLUS Guard^®.

All contract guarantees are backed by the claims-paying ability of Equitable Financial Life Insurance Company. They are not backed by the broker/dealer from 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 Equitable Financial Life Insurance Company.

Structured Capital Strategies PLUS Guard^® is issued by Equitable Financial Life Insurance Company (Equitable Financial) (NY, NY). Co-distributors: Equitable Distributors, LLC and Equitable Advisors, LLC (member FINRA, SIPC) (Equitable Financial Advisors in MI & TN). Visit our website at equitable.com. You can contact us at (212) 554-1234 to find out the availability of other contracts.

Contract form #s: 2017SCSBASE-I-PL-[A/B] and any state variations.

Equitable is the brand name of Equitable Holdings, Inc. and its family of companies, including Equitable Financial Life Insurance Company; Equitable Advisors, LLC (member FINRA, SIPC) (Equitable Financial Advisors in MI & TN); and Equitable Distributors, LLC. The obligations of Equitable Financial Life Insurance Company are backed solely by its own claims-paying ability.

GE-3122030 (6/20)(Exp. 6/22)

IMPORTANT NOTE

The London Gold Market Fixing Ltd PM Fix Price/USD (Gold Index) (Available in IRA contracts only. Not available in all jurisdictions.) — An international benchmark for the price of gold. Because this Investment Segment is tracked to the commodities industry it can be significantly affected by commodity prices, world events, import controls, worldwide competition, government regulations and economic conditions. Apart from the risks associated with general commodity investing, there are risks to investing in the common stocks of commodity producing companies. You should be willing to accept the risks that come with exposure to foreign and emerging markets, including political, economic and currency volatility.

The NYMEX West Texas Intermediate Crude Oil Generic Front Month Futures (Oil Index) (Available in IRA contracts only. Not available in all jurisdictions.) — The underlying commodity index of oil futures contracts. Risks involved with futures contracts include imperfect correlation between the change in the market value of the stocks held by the portfolio and the prices of futures contracts and options, and the possible lack of a liquid secondary market for futures or options contracts, and the resulting inability to close a futures contract prior to its maturity date. Also, index options, over-the-counter options and options on futures are exposed to additional volatility and potential losses.

Structured Capital Strategies^® is issued by Equitable Financial Life Insurance Company, New York, NY 10104. Co-distributors: Equitable Advisors, LLC (member FINRA, SIPC) (Equitable Financial Advisors in MI & TN) and Equitable Distributors, LLC. Visit our website at equitable.com. You can contact us at (212) 554-1234 to find out the availability of other contracts.

Contract form #s: 2016SCSBASE-I-B-[A/B], 2016SCSBASE-I-C-[A/B], 2016SCSBASE-I-ADV-[A/B] and any state variations.

GE-3122020 (6/20)(Exp. 6/22)

Fund 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 Equitable. Structured Capital Strategies^{^®} PLUS 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 Structured Capital Strategies^{^®} PLUS.

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 Equitable. 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.

iShares^®MSCI EAFE ETF (not available in all jurisdictions) — Seeks the investment results that correspond generally to the performance of the MSCI EAFE Index. The index is designed to measure the equity market performance of developed markets, excluding the United States and Canada. The investment performance of the iShares^{^®} MSCI EAFE ETF Segment is based only on the closing share price of the Index Fund and the Segment does not include dividends declared by the Index Fund. The MSCI EAFE ETF Segment includes international securities that 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. 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 Equitable. They are not backed by the broker-dealer or insurance agency through which this annuity is purchased or any affiliates of those entities and none makes any representations or guarantees regarding the claims-paying ability of Equitable.

Important Information

Structured Capital Strategies^®PLUS is a variable and index-linked deferred annuity contract and is a long-term financial product designed for retirement purposes. Simply stated, an annuity is a contract between you and an insurance company that lets you pursue the accumulation of assets. You may then take payments or a lump sum amount at a later date. In Structured Capital Strategies^®PLUS, you invest to accumulate value on a tax-deferred basis in one or more of our Variable Investment Options and/or in one of the Segments comprising the Structured Investment Option.

There are Variable Investment Options available with this product that are not discussed in this material. Any withdrawal charge applicable to your Variable Investment Options, Segment Type Holding Account or Structured Investment Option will be reflected in the cash value upon surrender and certain withdrawals. There is a Variable Investment Option fee deducted daily from the net assets in each Variable Investment Options and Segment Type Holding Account that covers administrative expenses, sales expenses and certain expense risks. The Variable Investment Options operating expenses, management fees, 12b-1 fees and investment-related expenses are reflected in the daily share price of each portfolio. Information on Structured Capital Strategies^®PLUS fees and charges can be found in the accompanying prospectus and fact card.

It is important to know that variable annuities are subject to investment risks, including the possible loss of principal invested. Withdrawals from your contract value may be subject to withdrawal charges for Structured Capital Strategies^®PLUS. The taxable portion of any withdrawal from an annuity contract is ordinary income, not capital gain. You can access a free withdrawal amount up to 10% of the beginning-of-contract-year account value free of withdrawal charges. If you decide to withdraw prior to six years after making a contribution, you will incur a declining withdrawal charge, a percentage dependent on the year you withdraw. Withdrawals may also be subject to contractual withdrawal charges. The contractual withdrawal charge declines from 6% over a six-year period for the Structured Capital Strategies^®PLUS. The declining withdrawal charge for contract years 1-2 is 6%, for contract years 3-4 is 5%, for contract year 5 is 4%, and for contract year 6 is 3% and thereafter there are no charges. Withdrawal charges may be waived under certain circumstances. Note: a new withdrawal charge schedule will apply to each contribution as of the date received by Equitable. Negative consequences may apply if for any reason amounts invested in a Segment are removed before the Segment Maturity Date. If you withdraw during a Segment, the Segment Interim Value is the value of your investment prior to the Segment Maturity Date. The Segment Interim Value may be lower than your original investment in the Segment even where the index is higher at the time of the withdrawal, prior to maturity, than at the time of the original investment. See Segment Interim Value in the Fact Card. Partial withdrawals are permitted. Unless otherwise requested withdrawals are taken in the following order on a pro-rata basis: 1. Variable Investment Options (VIOs), 2. Segment Type Holding Account(s), 3. Segment(s). An additional 10% federal income tax penalty may also apply to withdrawals taken before age 59½.

This content is not a complete description of all material provisions of the Structured Capital Strategies^®PLUS annuity contract. In order to fully understand Structured Capital Strategies^®PLUS and how it works, this material must be preceded or accompanied by a current Structured Capital Strategies^®PLUS prospectus and any applicable supplements. The prospectus contains more complete information, including investment objectives, risks, charges, expenses, limitations and restrictions. Please read the prospectus and any applicable supplements, and consider this information carefully before purchasing a contract.

Equitable may at any time exercise its rights to discontinue, suspend or change acceptance of contributions/transfers, as well as change minimum and maximum contribution requirements and limitations. Certain features and benefits described herein may not be available in all jurisdictions and markets. In addition, some distributors may eliminate and/or limit the availability of certain features or options.

We offer other variable annuity contracts with different fees, charges and features. Not every contract is available through the same selling broker/dealer. You can contact us at (212) 554-1234 to find out the availability of other contracts.

This material was prepared to support the promotion and marketing of Equitable variable annuities. Equitable, its 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. Please consult your own independent advisors as to any tax, accounting or legal statements made herein.

Structured Capital Strategies^®PLUS (February 2020 version) is issued by Equitable Financial Life Insurance Company, New York, NY 10104. Co-distributed by affiliates Equitable Advisors, LLC (member FINRA, SIPC) and Equitable Distributors, LLC. Contact us at (212) 554-1234 to find out the availability of other contracts.

Contract form #s: 2017SCSBASE-I-PL-[A/B] and any state variations.

1290 Avenue of the Americas, New York, NY 10104, (212) 554-1234

GE-2930510 (2/2020) (Exp. 2/2022)

Structured Capital Strategies® Performance Cap Rates

Definitions of Terms

Definitions of Terms

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