Equitable Enhances Market Leading Buffered Annuity Suite
Equitable Holdings, Inc. (NYSE: EQH) has unveiled new enhancements to its Structured Capital Strategies PLUS® 21 and Structured Capital Strategies® Income variable and registered index-linked annuities (RILAs). Aimed at providing clients with better protection against market volatility, these features include the innovative Loss Limiter, which caps potential losses at 5% or 10%, and the Dual Step Up option, ensuring positive returns in stable or declining markets. The updates also introduce higher buffers of -15% and -20%, enhancing client flexibility and security during economic uncertainty.
- Introduced Loss Limiter feature, providing downside protection of up to -10%.
- Launch of Dual Step Up option guarantees a positive return when conditions are met.
- Higher buffers of -15% and -20% added for enhanced market protection.
- None.
Introduces new investment features that help clients face a challenging market with confidence
First-of-its-kind investment feature continues the company’s track record of innovation
The enhancements provide higher buffers to provide additional, partial protection against market turbulence; shorter investment durations that give clients the flexibility to reallocate underlying investments in times of uncertainty; and new investment options that can provide positive or enhanced performance even if market index returns are negative.
Continuing the company’s history of innovation, Equitable is launching Loss Limiter, a first-of-its-kind RILA investment feature that ensures clients will never lose more than
A second new investment option, Dual Step Up, guarantees a positive rate of return equal to the performance cap rate if the selected index return is greater than or equal to the selected buffer (-
“Clients continue to face persistent economic uncertainty and decreased investment returns, but still need to provide for themselves and their loved ones in retirement,” said
Other enhancements to Equitable’s Structured Capital Strategies suite of RILAs include:
-
Adding a -
40% buffer for one-year and six-year investment segment options -
Adding higher buffers of -
15% and -20% for most indices to meet clients’ interest in additional protection given market volatility - Adding Dual Direction investment strategy options for one-year durations in Structured Capital Strategies PLUS® 21
Equitable pioneered Structured Capital Strategies®, the first registered index-linked, or buffered, annuity in 2010.
About Structured Capital Strategies®
Through the Structured Capital Strategies® suite of variable annuity products, clients can participate in one of several mainstream equity market indices up to a cap, with a buffer protecting against the first -
The Dual Direction feature available in Structured Capital Strategies® allows clients to earn a positive return even if the benchmark index declines. It does this by crediting a return equal to the percentage of the decline up to, or equal to, the amount of the buffer (-
Structured Capital Strategies® Income adds two, new innovative ways to create guaranteed income in retirement, including the ability to start receiving income immediately from a registered index-linked annuity, a level income option which provides an income rate initially based on age at the time of purchase and that does not decrease, and an accelerated income option, which provides a higher rate of income in early retirement when individuals may have higher expenses.
About Equitable
Equitable, a principal franchise of
Registered index-linked annuities (RILA) include a partial protection feature that eliminates a portion of the contract holder’s downside risk, while still giving the contract holder the opportunity to invest for growth up to a cap. Through the partial protection feature, the buffer will absorb the loss up to the buffer selected. However, there is risk of substantial loss of principal because the investor agrees to absorb all losses that exceed the protection provided. An annuity is a long-term financial product designed for retirement purposes. Simply stated, an annuity is a contract between the contract holder and a life insurance company that lets the contract holder pursue the accumulation of assets through equities and other investment options. The contract holder may then take payments or a lump sum amount at a later date. There are fees and charges associated with variable annuities, which contain certain restrictions and limitations and are subject to market risk including loss of principal. All contract and rider guarantees are backed by the claims-paying ability of the issuing life insurance company. It is not possible to invest directly in an index.
Variable and registered index-linked annuities are offered by prospectus, which contains detailed information about the contract and its charges, risks, expenses, and investment objectives. Prospective contract holders should read the prospectus and consider this information carefully before purchasing a contract or sending money.
This press release is not intended and should not be construed or relied upon as financial, insurance or investment advice. Equitable is the brand name of the retirement and protection subsidiaries of
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Media:
Abby Aylman Cohen
(212) 314-2010
mediarelations@equitable.com
Source: Equitable