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Structured Capital Strategies^® (SCS) is a variable and index-linked deferred annuity that offers upside market performance potential with some downside protection.  While SCS contract holders are protected from some downside risk, if the negative return is in excess of the Segment Buffer, there is a risk of substantial loss of principal. If available under their employer's plan, EQUI-VEST® variable annuity contract holders may generally enroll in the model portfolio and investment advisory services program (i.e., Semester Strategies^sm of SWBC Investment Advisory Services LLC (“SWBC”) to manage their account value, based on their set time horizon, risk tolerance and investment return objectives derived by SWBC from information you provide to SWBC. SWBC Retirement Plan Services is an unaffiliated third-party and is a wholly-owned subsidiary of SWBC.  Advisory services are offered by SWBC Investment Advisory Services, LLC, d/b/a SWBC Retirement Plan Services, an SEC-registered investment advisor. Equitable Financial has entered into an agreement to make SWBC Retirement Plan Services' fiduciary services available to EQUI-VEST^® clients through Semester Strategies^sm

A variable deferred annuity is a long-term financial product that is designed for retirement purposes. In essence, it is a contractual agreement in which payments are made to an insurance company, which agrees to pay an income stream or lump-sum amount at a later date. There are contract limitations, fees and charges associated with variable deferred annuities, which include, but are not limited to, mortality and expense risk charges, withdrawal charges and administrative fees. For costs and complete details, see the prospectus or contact your financial professional. 

“VUL Optimizer Max” refers to the current VUL Optimizer Flexible Premium Variable Universal Life Insurance policy (VUL Optimizer) issued by Equitable Financial Life Insurance Company and Equitable Financial Life Insurance Company of America – it does not refer to  a separate life insurance policy version, a new feature of the actual policy, or to any variation of the product in terms of its investment component.  “Max” solely to a special standard plus underwriting class offered for VUL Optimizer.

Structured Capital Strategies and EQUI-VEST® are issued by Equitable Financial Life Insurance Company (NY, NY) (Equitable Financial); VUL Optimizer is issued in New York by Equitable Financial and outside of New York by Equitable Financial Life Insurance Company of America, an AZ stock corporation with main administrative office in Jersey City, NJ.  Co-distributed by affiliates Equitable Advisors, LLC (member FINRA, SIPC) (Equitable Financial Advisors in MI & TN) and Equitable Distributors, LLC. 

Variable annuities and variable life insurance are offered by prospectus, which contains important information about fees, charges, expenses, risks and investment objectives. You should read the prospectus and consider this information carefully before purchasing a variable annuity or variable life insurance policy.