# EDGAR Filing Document

**Accession Number:** 0002039145
**File Stem:** 0001193125-25-204577
**Filing Date:** 2025-9
**Character Count:** 1131462
**Document Hash:** a10960a8b11e277db3c280bb0b24a6bd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-204577.hdr.sgml**: 20250916

**ACCESSION NUMBER**: 0001193125-25-204577

**CONFORMED SUBMISSION TYPE**: N-4/A

**PUBLIC DOCUMENT COUNT**: 55

**FILED AS OF DATE**: 20250916

**DATE AS OF CHANGE**: 20250916

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Equitable Financial Life Insurance Co (RILA)
- **CENTRAL INDEX KEY:** 0002039145

**ORGANIZATION NAME:**
- **EIN:** 135570651
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-4/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-285624
- **FILM NUMBER:** 251316238

**BUSINESS ADDRESS:**
- **STREET 1:** 1345 AVENUE OF THE AMERICAS
- **STREET 2:** LEGAL DEPT.
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105
- **BUSINESS PHONE:** 9803088245

**MAIL ADDRESS:**
- **STREET 1:** 8501 IBM DRIVE
- **STREET 2:** SUITE 150 MAIL DROP PS-16
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28078

## Series and Classes Contracts Data

### Equitable Financial Life Insurance Co (RILA) (Series ID: S000089338)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000260489 | Structured Capital Strategies Premier |  |

**Filed with the Securities and Exchange Commission on September 16, 2025.** 

Registration No. 333-285624

**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, D.C. 20549** 

**FORM N-4** 

---

| | |
|:---|:---|
| **REGISTRATION STATEMENT** <br> ***UNDER***<br> ***THE SECURITIES ACT OF 1933***<br> **PRE-EFFECTIVE AMENDMENT NO. 1** | ☒<br> ☒ |

---

## EQUITABLE FINANCIAL LIFE INSURANCE COMPANY
**(Name of Insurance Company)** 

**1345 Avenue of the Americas, New York, New York 10105** 

**(Address of Insurance Company's Principal Executive Offices)** 

**Insurance Company's Telephone Number, including Area Code: (212) 554-1234** 

**ALFRED AYENSU-GHARTEY** 

**VICE PRESIDENT AND ASSOCIATE GENERAL COUNSEL** 

**Equitable Financial Life Insurance Company** 

**1345 Avenue of the Americas, New York, New York 10105** 

**(Name and Address of Agent for Service)** 

Approximate Date of Proposed Public Offering: As soon as practicable after the effective date of the Registration Statement.

Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the Registration Statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to Section 8(a), may determine.

It is proposed that this filing will become effective (check appropriate box):

☐ Immediately upon filing pursuant to paragraph (b)

☐ On<u> </u> pursuant to paragraph (b)

☐ 60 days after filing pursuant to paragraph (a)(1)

☐ On (date) pursuant to paragraph (a)(1) of Rule 485 under the Securities Act of 1933 ("Securities Act").

If appropriate, check the following box:

☐ This post-effective amendment designates a new effective date for previously filed post-effective amendment.

Check each box that appropriately characterizes the Registrant:

☐ New Registrant (as applicable, a Registered Separate Account or Insurance Company that has not filed a Securities Act registration statement or amendment thereto within 3 years preceding this filing)

☐ Emerging Growth Company (as defined by Rule 12b-2 under the Securities Exchange Act of 1934 ("Exchange Act"))

☐ If an Emerging Growth Company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of Securities Act

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;☒ Insurance Company relying on Rule 12h-7 under the Exchange Act

☐ Smaller reporting company (as defined by Rule 12b-2 under the Exchange Act)

------

Structured Capital Strategies<sup>®</sup> Premier

An index-linked individual and group flexible premium deferred annuity contract

**Prospectus dated September 17, 2025** 

**Equitable Financial Life Insurance Company of America** 

**Equitable Financial Life Insurance Company** 

*Please read and keep this Prospectus for future reference. It contains important information that you should know before purchasing or taking any other action under your contract.* 

**What is Structured Capital Strategies**<sup>®</sup> **Premier?** 

Structured Capital Strategies<sup>®</sup> Premier is an index-linked individual and group flexible premium deferred annuity contract issued by the Company. The contract is offered in various classes, called Series B and Select. The contract provides for the accumulation of retirement savings. The contract also offers several payout options and an optional death benefit. You invest to accumulate value on a tax-deferred basis in the following investment options: (1) the guaranteed interest option ("GIO"), (2) the Segments of the Structured Investment Option ("SIO"), or (3) the Dollar Cap Averaging Programs. Additional information about the investment options can be found in Appendix: "Investment Options available under the contract." **We reserve the right to offer any or all Segments more or less frequently or to stop offering any of them (except we will always offer a Segment Option with a Segment Buffer that protects the first 10% of loss) or to suspend offering any or all of them temporarily for some or all contracts. If we stop offering these options, you will be limited to investing in only one Segment Option and the GIO, which is not tied to the performance of an index.**

The contract is a complex investment that involves risks, including potential loss of principal and previously credited interest. You should speak with a financial professional about the features, benefits, risks, and fees and whether the contract is appropriate for you based on your financial situation and objectives.

The SIO permits you to invest in one or more Segments, each of which gives you the opportunity to earn interest that we will credit based, in part, on the performance of an external index from the Segment Start Date to the Segment Maturity Date, although you could also experience a negative return and a significant loss of principal and previously credited interest. The SIO provides a return at Segment maturity designed to provide a combination of protection against certain decreases in the Index through the use of a Segment Buffer and a limitation on participation in certain increases in the Index through the use of Performance Cap Rates (and potentially Participation Rates and Step Rates for certain Segment Types).

The extent of the downside protection at Segment maturity, also referred to as the Segment Buffer, varies by Segment, ranging from the first 10% to 40% of loss. There is a risk of a substantial loss of your principal and previously credited interest because you agree to absorb all losses to the extent they exceed the Segment Buffer at Segment maturity. **You**

 **could lose as much as 60% (for Segments with a -40% Segment Buffer) to 90% (for Segments with a -10% Segment Buffer) of your principal and previously credited interest due to negative index performance at Segment maturity, depending on the Segment Buffer applicable to the Segment in which you invest. We may change the Indices and/or Segment Options in the future, but we will always offer a Segment Option with a Segment Buffer that protects the first 10% of loss. If we only offer one Segment Option, you will be limited to investing in only one Segment Option with terms that may not be acceptable to you and other investment options where performance is not based on the performance of an index. In the future, we may offer other Segment Options that do not provide any downside protection which would mean there is a risk of loss of the entire amount invested. If you are not happy with the limited investment options and choose to surrender the contract you will be subject to the Segment Interim Value adjustment, federal and state taxes, and penalties, purchasing a new contract with a new surrender charge period, different investment options, benefits, fees, and risks.**

**The Performance Cap Rates we set will limit the amount you can earn on a Segment. Our minimum Performance Cap Rate for 6 year Segment Types is 12% (2% for 1 year Segments). Our minimum Participation Rate is**

**If you are a new investor in the contract, you may cancel your contract within 10 days of receiving it without paying fees or penalties, although the Segment Interim Value will apply. In some states, this cancellation period may be longer. Upon cancellation, you will receive either a full refund of the amount you paid with your application or your account value. You should review this prospectus, or consult with your financial professional, for additional information about the specific cancellation terms that apply.** 

**The Securities and Exchange Commission ("SEC") has not approved or disapproved these securities or determined if this Prospectus is accurate or complete. Any representation to the contrary is a criminal offense. The contracts are not insured by the FDIC or any other agency. They are not deposits or other obligations of any bank and are not bank guaranteed. They are subject to investment risks and possible loss of principal and previously credited interest.** 

SCS Premier

#73435

------

 **100%. Our minimum Step Rate is 1%.** We will not open a Segment with a Performance Cap Rate, Participation Rate, and Step Rate (if applicable) below the applicable minimum rate.

The total amount earned on an investment in a Segment of the SIO is only applied at Segment maturity. If any amount leaves a Segment on any date prior to the Segment Maturity Date, we calculate the interim value of the Segment as described in "Charges, Expenses, and Adjustments." This amount may be less than the amount invested and less than the amount you would receive had you held the investment until the Segment Maturity Date.

The contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals could result in withdrawal charges, Segment Interim Value adjustments, taxes, and tax penalties. **This contract permits ongoing withdrawals (including systematic withdrawals, required minimum distributions, and deductions to pay the optional death benefit fee) from the Segments prior to the end of the term. These ongoing deductions could have adverse effects of values under the contract and if an investor intends to elect such ongoing withdrawals, they should consult with their financial professional about the appropriateness of the contract for them.** Withdrawals, because of the Segment Interim Value calculation could significantly reduce contract values and by substantially more than the actual amount of the deduction. **Because the end-of-term downside protection provided by a Segment Buffer does not apply to the Segment Interim Value, it is theoretically possible that you could lose up to 100% of your investment and previously credited interest in certain extreme scenarios as a result of withdrawals. Any transaction that causes account value to leave a Segment between the Segment Start Date and the Segment Maturity Date will result in a Segment Interim Value calculation. Such transactions include (1) taking a withdrawal (including a systematic withdrawal or required minimum distribution); (2) transferring account value to a different investment option; (3) deducting account value to pay optional death benefit fees; (4) surrendering or annuitizing your contract; (5) payment of a death claim; and (6) canceling your contract and return it to us for a refund within your state's "free look" period.**

All guarantees are subject to the Company's financial strength and claims paying ability.

You can purchase this contract in one of two ways: (i) as a Series B contract, which has a maximum withdrawal charge of 8% and an annual Contract Fee of 1.25% or (ii) as a Select contract, which has no withdrawal charges but has a higher annual Contract Fee of 1.50%. In addition to the liquidity and fee differences, each contract series may have different Performance Cap Rates with Series B Performance Cap Rates generally being higher than Select Performance Cap Rates. Performance Cap Rates are announced online (www.equitable.com/scspremier) for each contract series at least one week before the Segment Start Date. The Contract Fee will reduce your Segment Rate of Return and a negative return will be more negative. We apply the Contract Fee

after applying the Performance Cap Rate, Participation Rate, Step Rate, and Segment Buffer.

This Prospectus is a disclosure document and describes the contract's material features, benefits, rights and obligations, as well as other information. The description of the contract's material provisions in this Prospectus is current as of the date of this Prospectus. If certain material provisions under the contract are changed after the date of this Prospectus in accordance with the contract, those changes will be described in a supplement to this Prospectus. You should carefully read this Prospectus in conjunction with any applicable supplements. The contract should also be read carefully.

***Types of contracts.*** We offer the contracts for use as:

• A nonqualified annuity ("NQ") for after-tax contributions only.

• An individual retirement annuity ("IRA"), either traditional IRA or Roth IRA.

• An employer-funded traditional IRA for a simplified employee pension plan ("SEP") sponsored by the contract owner's employer.

• An annuity that is an investment vehicle for a qualified plan ("QP") (whether defined contribution or defined benefit; transfer contributions only).

The following contracts are intended for specified post-death payments to beneficiaries, with continuing access to the contract's account balance:

• Traditional and Roth Inherited IRA beneficiary continuation contract ("Inherited IRA") (direct transfer and specified direct rollover contributions only).

• An inherited NQ beneficiary payout contract (a specific form of NQ contract that we refer to as "Inherited NQ") (contributions from specified Section 1035 exchanges only).

See Appendix "Rules regarding contributions to your contract" for more information.

The contract may not currently be available in all states. In addition, certain features described in this Prospectus may vary in your state. Not all Indices are available in all states. For a state-by-state description of all material variations to this contract, see Appendix "State contract availability and/or variations of certain features and benefits" later in this Prospectus.

**We reserve the right to stop accepting any application or contribution from you at any time, including after you purchase the contract. We reserve the right to discontinue the acceptance of, and/or place additional limitations on, contributions into certain investment options, including any of the Segments of the SIO. If we exercise this right, you will not be able to increase your account value and, consequently, increase your death benefit, and will be limited to investing in only one Segment Option and the GIO.** 

Additional information about certain investment products, including index-linked annuities, has been prepared by the Securities and Exchange Commission's staff and is available at Investor.gov.

------

Contents of this Prospectus

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  [Definitions of key terms](#tx73435_1) | 5 |
|  [Overview of the contract](#tx73435_2) | 8 |
|  [Important information you should consider about the contract](#tx73435_3) | 10 |
|  [Fee table](#tx73435_4) | 14 |
|  [The Company](#tx73435_5) | 16 |
|  [How to reach us](#tx73435_6) | 17 |
| **[1. Purchasing the contract](#tx73435_7)** | **19** |
|  [How you can purchase and contribute to your contract](#tx73435_8) | 19 |
|  [Owner and annuitant requirements](#tx73435_9) | 19 |
|  [How you can make your contributions](#tx73435_10) | 20 |
|  [What are your investment options under the contract?](#tx73435_11) | 21 |
|  [Structured Investment Option](#tx73435_13) | 21 |
|  [Allocating your contributions](#tx73435_14) | 32 |
|  [Your right to cancel within a certain number of days](#tx73435_15) | 33 |
| **[2. Benefits available under the contract](#tx73435_16)** | **34** |
|  [Summary of Benefits](#tx73435_17) | 34 |
|  [Death Benefits](#pro73435_33) | 34 |
|  [Guaranteed Minimum Death Benefits](#tx73435_18) | 35 |
|  [Other Benefits](#tx73435_23) | 39 |
|  [Dollar Cap Averaging Programs](#tx73435_24) | 39 |
| **[3. Principal Risk of investing in the contract](#tx73435_25)** | **41** |
|  [Risks Associated with the Structured Investment Option](#tx73435_506) | 41 |
|  [Risks Associated with Withdrawals and Surrenders](#tx73435_714) | 44 |
|  [Risks Associated with the Guaranteed Minimum Death Benefits](#tx73435_716) | 45 |
|  [Change of Owner/Divorce](#pro73435_716a1) | 45 |
|  [Contract Changes Risk](#pro73435_716a2) | 45 |
|  [Insurance Company Risk](#pro73435_716a3) | 45 |
|  [Possible adverse tax consequences](#pro73435_716a4) | 46 |
|  [Not a Short-Term Investment](#tx73435_717) | 46 |
|  [Risk of Loss](#tx73435_718) | 46 |
|  [Business Disruption and Cybersecurity risks](#tx73435_28) | 46 |
| **[4. Determining your contract's value](#tx73435_29)** | **47** |
|  [Your account value and cash value](#tx73435_30) | 47 |
|  [Your contract's value in the Structured Investment Option](#tx73435_32) | 47 |

---

When we address the reader of this Prospectus with words such as "you" and "your," we mean the person who has the right or responsibility that the Prospectus is discussing at that point. This is usually the contract owner.

When we use the word "contract" it also includes certificates that are issued under group contracts in some states.

***3***

------

---

| | |
|:---|:---|
| **[5. Transferring your money among investment options](#tx73435_33)** | **48** |
|  [Transferring your account value](#tx73435_34) | 48 |
|  [Disruptive transfer activity](#tx73435_35) | 48 |
| **[6. Accessing your money](#tx73435_36)** | **49** |
|  [Withdrawing your account value](#tx73435_37) | 49 |
|  [How withdrawals are taken from your account value](#tx73435_38) | 51 |
|  [Surrendering your contract to receive its cash value](#tx73435_39) | 51 |
|  [Withdrawals treated as surrenders](#tx73435_40) | 51 |
|  [When to expect payments](#tx73435_41) | 51 |
|  [Signature Guarantee](#tx73435_42) | 52 |
|  [Your annuity payout options](#tx73435_43) | 52 |
| **[7. Charges, Expenses, and Adjustments](#tx73435_44)** | **55** |
|  [Charges that the Company deducts](#tx73435_45) | 55 |
|  [Charges under the contracts](#tx73435_46) | 55 |
|  [Adjustments](#pro73435_4ai) | 58 |
|  [Group or sponsored arrangements](#tx73435_48) | 58 |
|  [Other distribution arrangements](#tx73435_49) | 58 |
| **[8. Tax information](#tx73435_50)** | **60** |
|  [Overview](#tx73435_51) | 60 |
|  [CARES Act](#tx73435_52) | 60 |
|  [Buying a contract to fund a retirement arrangement](#tx73435_53) | 60 |
|  [Transfers among investment options](#tx73435_54) | 60 |
|  [Taxation of nonqualified annuities](#tx73435_55) | 60 |
|  [Individual retirement arrangements ("IRAs")](#tx73435_56) | 62 |
|  [Traditional individual retirement annuities ("traditional IRAs")](#tx73435_57) | 63 |
|  [Simplified Employee Pensions (SEPs)](#tx73435_57aa) | 69 |
|  [Roth individual retirement annuities ("Roth IRAs")](#tx73435_58) | 69 |
|  [Tax withholding and information reporting](#tx73435_59) | 72 |
|  [Impact of taxes to the Company](#tx73435_60) | 73 |
| **[9. More information](#tx73435_61)** | **74** |
|  [The Non-Utilized Separate Account](#pro73435_91) | 74 |
|  [About the general account](#tx73435_65) | 74 |
|  [About other methods of payment](#tx73435_66) | 74 |
|  [Dates and prices at which contract events occur](#tx73435_67) | 75 |
|  [About your voting rights](#tx73435_68) |  |
|  [Statutory compliance](#tx73435_69) | 75 |
|  [About legal proceedings](#tx73435_70) | 75 |
|  [Financial statements](#tx73435_71) | 75 |
|  [Transfers of ownership, collateral assignments, loans, and borrowing](#tx73435_72) | 75 |
|  [About Custodial IRAs](#tx73435_73) | 76 |
|  [Distribution of the contracts](#tx73435_74) | 76 |

---

**Appendices**

---

| | |
|:---|:---|
|  [Investment Options available under the contract](#tx73435_75) | 79 |
|  [Rules regarding contributions to your contract](#tx73435_77) | 81 |
|  [State contract availability and/or variations of certain features and benefits](#tx73435_78) | 84 |
|  [Segment Maturity Value Calculation Examples](#tx73435_79) | 87 |
|  [Index Publishers](#tx73435_81) | 94 |
|  [Purchase considerations for defined benefit and defined contribution plans](#tx73435_82) | 97 |

---

***4***

------

Definitions of key terms

***Account Value*** — Your "account value" is the total of: (i) the values you have in the GIO, (ii) the values you have in the Segment Type Holding Accounts, (iii) the values you have in a DCA Program, and (iv) your Segment Interim Values.

***Annuitant*** — The "annuitant" is the person who is the measuring life for determining the contract's maturity date if your contract has the account value death benefit. The annuitant is not necessarily the contract owner. Where the owner of a contract is non-natural, the annuitant is the measuring life for determining contract benefits.

***Best Entry Date*** — We compare the Index's value on the Segment Start Date to the value on each of the next four monthiversaries (each an observation day) and whichever date has the lowest Index value is the Best Entry Date.

***Best Entry Index Starting Value*** — The Best Entry Index Starting Value is the greater of the Index's value at the close of business on the Best Entry Date or 80% of the Index value at the close of business on the Segment Start Date.

***Best Entry Segment*** — A Segment belonging to a Segment Type whose name includes "Best Entry".

***Business Day*** — Our "business day" is generally any day the New York Stock Exchange ("NYSE") is open for regular trading and generally ends at 4:00 p.m. Eastern Time (or as of an earlier close of regular trading). If the SEC determines the existence of emergency conditions on any day, and consequently, the NYSE does not open, then that day is not a business day.

***Cash Value*** — At any time before annuity payments begin, your contract's cash value is equal to the account value less any applicable withdrawal charges.

***Company*** — Refers to Equitable Financial Life Insurance Company of America ("Equitable America") or Equitable Financial Life Insurance Company ("Equitable Financial"). The terms "we", "us", and "our" are also used to identify the issuing Company. Equitable America does not do business or issue contracts in the state of New York. Generally, Equitable America will issue contracts in all states except New York and Equitable Financial will issue contracts in New York. However, if any selling agent is an Equitable Advisors financial professional who has a business address in the state of New York, the issuing Company will be Equitable Financial, even if the contract is issued in a state other than New York.

***Contract Date*** — The "contract date" is the effective date of a contract. This usually is the business day we receive the properly completed and signed application, along with any other required documents, and your initial contribution. Your contract date will be shown in your contract.

***Contract date anniversary*** — The end of each 12 month period is your "contract date anniversary." For example, if

your contract date is May 1, your contract date anniversary is April 30.

***Contract Year*** — The 12 month period beginning on your contract date and each 12 month period after that date is a "contract year."

***Dollar Cap Averaging Program*** — Our Dollar Cap Averaging Programs or DCA Programs allows for the systematic transfer of amounts in the applicable dollar cap averaging account into the Segments. There are two Dollar Cap Averaging Programs. The General Dollar Cap Averaging Program which uses the general dollar cap averaging account and the Special Dollar Cap Averaging Program which uses the special dollar cap averaging account. Special Dollar Cap Averaging is only available at issue for Series B contracts.

***Dual Direction Segments*** — Any segment belonging to a Segment Type whose name includes "Dual Direction".

***Dual Step Up Segments*** — Any segment belonging to a Segment Type whose name includes "Dual Step Up".

***Dual Step Tier Segments*** — Any segment belonging to a Segment Type whose name includes "Dual Step Tier".

***Enhanced Upside Segments*** — Any Segment belonging to Segment Type whose name includes "Enhanced Upside".

***Greater of Death Benefit*** — The "Greater of death benefit" is an optional guaranteed minimum death benefit that can be elected at issue unless you are over age 75. There is an additional charge for the Greater of death benefit.

***Guaranteed Interest Option or GIO*** — The guaranteed interest option is part of our general account and pays interest at rates which may change each contract year and is subject to a minimum guaranteed rate.

***Guaranteed Minimum Death Benefit*** — The three Guaranteed Minimum Death Benefits are the Return of Premium death benefit, Highest Anniversary Value death benefit and Greater of death benefit.

***Highest Anniversary Value Death Benefit*** — The "Highest Anniversary Value death benefit" is an optional guaranteed minimum death benefit that can be elected at issue unless you are over age 75. There is an additional charge for the Highest Anniversary Value death benefit.

***Index*** — An Index is used to determine the Segment Rate of Return for a Segment. We currently offer Segment Types based on the performance of securities indices. Throughout this Prospectus, we refer to these indices using the term "Index" or, collectively, "Indices." In the future, we may offer Segment Types based on other types of Indices.

***5***

------

***Index Performance Rate*** — For a Segment, the percentage change in the value of the related Index from the initial Index Value on the Segment Start Date to the closing value on the Segment Maturity Date or from the Best Entry Index Starting Value to the closing value on the Segment Maturity Date for Best Entry Segments. In certain instances, an Index may not be open and/or not publish a price on a Segment Start Date or observation day in which case we will use the last published price as the price on such a Segment Start Date, Segment Maturity Date, or observation day for purposes of calculating the Index Performance Rate. The Index Performance Rate may be positive, negative or zero.

***IRA*** — Individual retirement annuity contract, either traditional IRA or Roth IRA (may also refer to an individual retirement account or an individual retirement arrangement).

***Non-Unitized Separate Account*** — Separate Account No. 68A is a non-unitized separate account of Equitable Financial Life Insurance Company of America established under Arizona Insurance Law and Separate Account No. 68 is a non-unitized separate account of Equitable Financial Life Insurance Company established under New York Insurance Law.

***NQ Contract*** — Nonqualified contract.

***Owner*** — The "owner" is the person who is the named owner in the contract and, if an individual, is generally the measuring life for determining contract benefits.

***Participation Rate*** — The Participation Rate, which will always be at least 100% is multiplied by positive Index performance when calculating the Segment Rate of Return, subject to the Performance Cap Rate. The Participation Rate is 100% for every Segment unless a higher rate is otherwise pre-announced for that Segment at www.equitable.com/scspremier. The Participation Rate is not an annual rate of return.

***Performance Cap Rate*** — The highest Index Performance Rate that can be used to calculate the Segment Rate of Return on the Segment Maturity Date. The Performance Cap Rate is not an annual rate of return. The Performance Cap Rate is a limit on gains.

***QP Contract*** — An annuity contract that is an investment vehicle for a qualified plan.

***Return of Premium death benefit*** — The "Return of Premium death benefit" is a guaranteed minimum death benefit issued with your contract unless you are over age 75 or elect the optional Highest Anniversary Value or Greater of death benefit. There is no additional charge for the Return of Premium death benefit.

***Segment*** — An investment option we establish with the Index, Segment Duration and Segment Buffer of a specific Segment Type, and for which we also specify a Segment Maturity Date and Performance Cap Rate.

***Segment Buffer*** — The portion of any negative Index Performance Rate that the Segment Buffer absorbs on a Segment Maturity Date 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.

***Segment Duration*** — The period from the Segment Start Date to the Segment Maturity Date.

***Segment Interim Value*** — The value of your investment in a Segment prior to the Segment Maturity Date.

***Segment Investment*** — The amount transferred or contributed to a Segment on its Segment Start Date, as adjusted for any withdrawals from that Segment.

***Segment Maturity Date*** — The Segment Transaction Date on which a Segment ends.

***Segment Maturity Date Requirement*** — You will not be permitted to invest in a Segment if the Segment Maturity Date is later than your contract maturity date.

***Segment Maturity Value*** — The value of your investment in a Segment on the Segment Maturity Date.

***Segment Option*** — Comprises all Standard Segments, Step Up Segments, Dual Direction Segments, Enhanced Upside Segments, Dual Step Up Segments, Best Entry Segments or Dual Step Tier Segments.

***Segment Rate of Return*** — The rate of return earned by a Segment as calculated on the Segment Maturity Date. The Segment Rate of Return is calculated differently for different Segment Options.

***Segment Return Amount*** — Equals the Segment Investment multiplied by the Segment Rate of Return.

***Segment Start Date*** — The Segment Transaction Date on which a new Segment is established.

***Segment Transaction Date*** — Segment Start Dates and Segment Maturity Dates occur on Segment Transaction Dates. There is generally a Segment Transaction Date every Thursday. If a particular Thursday is not a business day, then the Segment Transaction Date for that week will be the previous business day.

***Segment Type*** — Comprises a Segment Option having the same Index, Segment Duration, Segment Buffer and Enhanced Upside Rate (if applicable). Each Segment Type has a corresponding Segment Type Holding Account.

***Segment Type Holding Account*** — An account that holds all contributions and transfers allocated to a Segment Type pending investment in a Segment. There is a Segment Type Holding Account for each Segment Type. The Segment Type Holding Accounts are part of the GIO.

***Standard Segment*** — Any Segment belonging to a Segment Type whose name includes "Standard".

***Step Rate*** — The Step Rate is used in the Segment Rate of Return calculation for Dual Step Tier Segments. The Step Rate is not an annual rate of return. The Step Rate is not a limit on gains.

***6***

------

***Step Up Segment*** — Any Segment belonging to a Segment Type whose name includes "Step Up".

***Structured Investment Option*** — An investment option that permits you to invest in various Segments, each tied to the performance of an Index, and participate in the performance of that Index.

***7***

------

Overview of the Contract

**Purpose of the Contract** 

The contract is designed to help you accumulate assets through investments in the SIO and GIO during the accumulation phase. It can provide or supplement your retirement income by providing a stream of income payments during the annuity phase. It also provides death benefits to protect your beneficiaries. The contract may be appropriate if you have a long-term investment horizon. It is not intended for people who may need to access invested funds within a short-term timeframe or frequently, or who intend to engage in frequent transfers.

**Phases of the Contract** 

The contract has two phases: an accumulation (savings) phase and an income (annuity) phase.

***Accumulation (Savings) Phase***

During the accumulation phase, you can allocate your contributions to one or more of the available investment options, which include:

• Segments of the SIO which are index-linked investment options;

• GIO;

• the account for special dollar cap averaging; and

• the account for general dollar cap averaging.

The Segments of the SIO give you the opportunity to earn interest, which may be positive or negative, that we will credit at Segment maturity based, in part, on the performance of an external index at the end of a set period of time. You could experience a significant loss of principal and previously credited interest if the index declines in value. We calculate the Segment Return Amount on the Segment Maturity Date based on the change in index performance from the Segment Start Date to the Segment Maturity Date, and this Segment Rate of Return could be positive, zero, or negative. Each Segment uses a Performance Cap Rate (certain Segment Types may use Participation Rates and Step Rates) to limit upside performance and a Segment Buffer to limit downside performance.

The SIO provides some protection against negative returns on the Segment Maturity Date through the use of a Segment Buffer. The extent of the downside protection provided by the Segment Buffer varies by Segment, ranging from the first 10% to 40% of loss. The Segment Buffer is the maximum amount of negative interest we will assume. We will credit any additional negative interest in excess of the Segment Buffer. **You could lose as much as 60% (for Segments with a -40% Segment Buffer) to 90% (for Segments with a -10% Segment Buffer) of your principal and previously credited interest due to negative**

 **index performance at Segment maturity, depending on the Segment Buffer applicable to the Segment in which you invest. The cumulative loss over the life of the contract could be much greater. There is a risk of a substantial loss of your principal and previously credited interest if the index declines because you agree to absorb all losses to the extent they exceed the applicable Segment Buffer.** For example, if the Index return is -25% and the Segment Buffer is -10%, we will credit -15% (the amount that exceeds the Segment Buffer) (less the Contract Fee) on the Segment Maturity Date, meaning your Segment Investment will decrease by 15% (less the Contract Fee). **We may change the Indices and/or Segment Options in the future but we will always offer a Segment Option with a Segment Buffer that protects the first 10% of loss. In the future, we may offer other Segment Options that do not provide any downside protection which would mean there is a risk of loss of the entire amount invested.**

The Contract Fee will reduce your Segment Rate of Return and a negative return will be more negative. We apply the Contract Fee after applying the Performance Cap Rate, Participation Rate, Step Rate, and Segment Buffer.

The SIO may limit your participation in positive returns on the Segment Maturity Date through the use of Performance Cap Rates (and Participation Rates and Step Rates for certain Segment types).

• The Performance Cap Rate is the highest return that you could be credited for positive index performance (less the Contract Fee). For example, if the Index return for a 1-year Standard Segment is 12% and the Performance Cap Rate is 4% and the Participation Rate is 100%, we will credit 4% (less the Contract Fee) in interest on the Segment Maturity Date, meaning your Segment Investment will increase by 4% (less the Contract
Fee).

• If there is positive index performance, we will multiply the Participation Rate by the Index return to determine how much to credit in interest on the Segment Maturity Date (less the Contract Fee and subject to the
Performance Cap Rate). For example, if the Index return is 5%, the Performance Cap Rate is 7%, and the Participation Rate is 105%, we will credit 5.25% (less the Contract Fee) in interest on the Segment Maturity Date.

• For Dual Step Tier Segments, if there is a positive or negative Index return that is between the Step Rate and the Buffer,
we will apply the Step Rate to determine how much to credit in interest on the Segment Maturity Date (less the Contract Fee). For example, if the Step Rate is 3%, the Participation Rate is 100%, the Segment Buffer is -10%, and the Index return is -5%, we will credit 3% (less

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the Contract Fee) in interest on the Segment Maturity Date, meaning your Segment Investment will increase by 3% (less the Contract Fee). <br>

**Our minimum Performance Cap Rate for 6 year Segment Types is 12% (2% for 1 year Segments). Our minimum Participation Rate is 100%. Our minimum Step Rate is 1%. We will not open a Segment with a Performance Cap Rate, Participation Rate, and Step Rate (if applicable) below the applicable minimum rate.**

**For additional information about the GIO and available Segments of the SIO, see Appendix: "Investment Options available under the contract."**

***Income (Annuity) Phase***

You enter the income phase when you annuitize your contract. During the income phase, you will receive a stream of fixed income payments for the annuity payout period of time you elect. You can elect to receive annuity payments (1) for life; (2) for life with a certain minimum number of payments; or (3) for life with a certain amount of payment. Please note that when you annuitize, your investments are converted to income payments and you will no longer be able to make any additional withdrawals from your contract. All accumulation phase benefits, including death benefits, terminate upon annuitization and the contract has a maximum annuity commencement date.

**Contract Features** 

The contract provides for the accumulation of retirement savings and income. The contract offers death benefit protection and various payout options.

***Death Benefits***

Your contract includes a Return of Premium death benefit that pays your beneficiaries an amount equal to your contributions minus adjusted withdrawals (or your account value if higher) for issue ages 75 and younger (you receive the standard account value death benefit for issue ages 76 and older). For an additional fee, you can purchase the Highest Anniversary Value death benefit that provides the greater of your account value and the Highest Anniversary Value benefit base on the date of death of the owner (or surviving joint owner, if applicable) adjusted for any subsequent withdrawals or the Greater of death benefit that provides the greater of your account value or the Greater of benefit base (which is the greater of the Roll-Up or Highest Anniversary Value benefit bases) on the date of death of the owner (or surviving joint owner, if applicable) adjusted for any subsequent withdrawals.

***Dollar Cap Averaging***

You can elect to allocate your investments using a dollar cap averaging program at no additional charge.

***Access to Your Money***

During the accumulation phase you can take withdrawals from your contract. Withdrawals will reduce your account

value, be subject to the Segment Interim Value calculation, and may be subject to withdrawal charges, income taxes and a tax penalty if you are younger than 59 <sup>1</sup>⁄<sub>2</sub>. Withdrawals will also generally reduce your guaranteed benefits and the amount of the reduction may be greater than the dollar amount of the withdrawal. Withdrawals from a Segment will also be subject to a pro rata portion of the applicable Contract Fee.

**Contract Adjustments** 

We use the Segment Interim Values for your Segments of the SIO if you remove any amount from a Segment on any date prior to the Segment Maturity Date. This amount may be less than the amount invested and may be less than the amount you would receive had you held the investment until maturity. You could lose a significant amount of money due to the use of the Segment Interim Values.

Prior to the Segment Maturity Date, the following transactions trigger the use of Segment Interim Values: (1) the receipt of an in good order death claim by your beneficiary; (2) a withdrawal (including a systematic withdrawal or required minimum distribution, and a free withdrawal under a Series B contract); (3) a transfer; (4) if you surrender or annuitize your contract; (5) deducting the optional death benefit charge; or (6) if you cancel your contract and return it to us for a refund within your state's "free look" period. These transactions will cause the deduction of a pro rata portion of the applicable Contract Fee and may also be subject to withdrawal charges, taxes, and possible tax penalties.

The Segment Interim Value will generally be negatively affected by increases in the expected volatility of index prices, interest rate increases, and by poor market performance. All other factors being equal, the Segment Interim Value would be lower the earlier a withdrawal or surrender is made during a Segment.

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Important Information You Should Consider About The Contract

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| **FEES, EXPENSES, AND ADJUSTMENTS** | **FEES, EXPENSES, AND ADJUSTMENTS** |
| **Are There Charges or Adjustments for Early Withdrawals?** | **Yes.**<br>**Withdrawal Charges**<br>Each series of the contract provides for different withdrawal charge periods and percentages.<br>**Series B** — If you surrender your contract, apply your cash value to a non-life contingent annuity payment option, or withdraw money from Series B of the contract within 6 years following your last contribution, you will be assessed a withdrawal charge of up to 8% of contributions withdrawn. For example, if you make a withdrawal in the first year, you could pay a withdrawal charge of up to $8,000 on a $100,000 investment. This loss will be greater if there is a negative Segment Interim Value adjustment for amounts withdrawn from the Segments of the SIO, and/or if you have to pay taxes or tax penalties.<br>**Select** — No withdrawal charge.<br>**Segment Interim Value**<br>There is a Segment Interim Value adjustment for amounts removed from a Segment of the SIO before Segment maturity and because the end-of-term downside protection provided by a Segment Buffer does not apply to the Segment Interim Value, it is theoretically possible that you could lose up to 100% of your investment and previously credited interest in certain extreme scenarios. For example, if you allocate $100,000 to a 6-year Segment and later withdraw the entire amount before the 6 years have ended, you could lose up to $100,000 of your investment. This loss will be greater if you also have to pay a withdrawal charge under a Series B contract, and/or if you have to pay taxes or tax penalties. Prior to the Segment Maturity Date, the following transactions trigger the Segment Interim Value: (1) the receipt of an in good order death claim by your beneficiary; (2) a withdrawal (including a systematic withdrawal, a required minimum distribution, and a free withdrawal under a Series B contract); (3) a transfer; (4) if you surrender or annuitize your contract; (5) deducting the optional death benefit charge; or (6) if you cancel your contract and return it to us for a refund within your state's "free look" period.<br>For additional information about charges and adjustments for surrenders and early withdrawals see "Withdrawal charge" and "Adjustments with respect to early distributions from Segments" in "Charges, Expenses, and Adjustments" in the Prospectus. |
| **Are There Transaction Charges?** | **Yes.** In addition to withdrawal charges and the Segment Interim Value, you may also be charged for other transactions, including special requests such as wire transfers, express mail, duplicate contracts, preparing checks, third-party transfers or exchanges; or when you transfer between investment options in excess of a certain number.<br>For additional information about transaction charges see "Charges that the Company deducts" in "Charges, Expenses, and Adjustments" in the Prospectus. |
| **Are There Ongoing Fees and Expenses?** | **Yes.** Each series of the contract provides for different ongoing fees and expenses.<br>The table below describes the fees and expenses that you may pay *each year*, depending on the investment options and optional benefits you choose. Please refer to your contract specifications page for information about the specific fees you will pay each year based on the options you have elected. **There is an implicit ongoing fee associated with Segments because the amount you can earn on a Segment is limited by us by the Segment's Performance Cap Rate, and potentially certain Participation Rates and Step Rates (if applicable). The Performance Cap Rate, and potentially certain Participation Rates and Step Rates (if applicable), may cause your returns under the Segment to be lower than the Index's returns. In return for accepting this limit on Index gains, you receive some protection from Index losses through the Segment Buffer. The implicit ongoing fee is not reflected in the tables below.** |

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| **Annual Fee** | **Minimum** | **Maximum** |
| Base Contract (varies by contract series)<sup>(1)</sup> | 1.25% | 1.50% |
| Optional benefits available for an additional charge (for a single optional benefit, if elected)<sup>(2)</sup> | 0.25% | 0.75% |

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 <sup>(1)</sup> Expressed as an annual percentage of the Segment Investment for Segments in the SIO. The Contract Fee is applied cumulatively for 6-year Segments, so the total Contract Fee for a 6-year Segment is 7.5% for Series B contracts and 9% for Select contracts.<br> <sup>(2)</sup> Expressed as an annual percentage of the applicable benefit base.<br>

Because your contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your contract, the following table shows the lowest and highest cost you could pay each year, based on current charges. This estimate assumes that you do not take withdrawals from the contract, **which could add withdrawal charges and negative Segment Interim Value adjustments that substantially increase costs.**

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| **Lowest Annual Cost<br>$669** | **Highest Annual Cost<br>$854** |
| Assumes:<br> • Investment of $100,000<br> • 5% annual appreciation<br> • Least expensive combination of contract classes<br> • No optional benefits<br> • No sales charges <br> • No additional contributions, transfers or withdrawals<br> • No Segment Interim Value adjustments | Assumes:<br> • Investment of $100,000<br> • 5% annual appreciation<br> • Most expensive combination of contract classes and optional benefits (Greater of death benefit)<br> • No sales charges <br> • No additional contributions, transfers or withdrawals<br> • $0 Segment Interim Value adjustment on the optional death benefit fee |

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 <br>     <u>For additional information about ongoing fees and expenses see "Fee Table" in the Prospectus.</u>

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| **RISKS** | **RISKS** |
| **Is There a Risk of Loss from Poor Performance?** | **Yes.** The contract is subject to the risk of loss. You could lose some or all of your account value depending on the Investment options you choose.<br>The return on the Segments of the SIO may be negative and there is a risk of substantial loss of your principal and previously credited interest due to negative index performance because you agree to absorb all losses to the extent they exceed the Segment Buffer. **You could lose as much as 60% (for Segments with a -40% Segment Buffer) to 90% (for Segments with a -10% Segment Buffer) of your principal and previously credited interest due to negative index performance on the Segment Maturity Date. We may change the Indices and/or Segment Options in the future, but we will always offer a Segment Option with a Segment Buffer that protects the first 10% of loss. In the future, we may offer other Segment Options that do not provide any downside protection which would mean there is a risk of loss of the entire amount invested.**<br>For additional information about the risk of loss see "Principal risks of investing in the contract" in the Prospectus. |
| **Is this a Short-Term Investment?** | **No.** The contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash because the contract is designed to provide for the accumulation of retirement savings and income on a long-term basis. As such, you should not use the contract as a short-term investment or savings vehicle. A withdrawal charge may apply in certain circumstances and any withdrawals may also be subject to federal and state income taxes and tax penalties. Amounts removed from a Segment of the SIO prior to the Segment Maturity Date will not receive Index interest, and may result in a negative Segment Interim Value adjustment which could reduce the Segment Investment and death benefit by significantly more than the amount withdrawn.<br>On the Segment Maturity Date, the value of your maturing Segments will be reallocated according to your instructions on file, assuming that all participation requirements for those allocations are met, and those instructions may include allocations to different Segment Types or to the next available Segment of the same Segment Type. If you have not provided us with maturity instructions for a maturing Segment, then by default the Segment Maturity Value will be transferred to the same Segment Type as the maturing Segment. However, if the next Segment to be created in the Segment Type would have a Segment Maturity Date that is later than your contract maturity date or if that Segment Type has been terminated, we will instead transfer your Segment Maturity Value to the GIO.<br>|

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| | For additional information about the investment profile of the contract see "Fee Table" in the Prospectus. |
| **What Are the Risks Associated with the Investment Options?** | An investment in the contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options. Each investment option available under the contract has its own unique risks. You should review the investment options available under the contract before making an investment decision. |
|  | <br> The Performance Cap Rate of a Segment may limit your participation in positive returns on the Segment Maturity Date. For example, if the Index return is 12% and the Performance Cap Rate is 4%, we will credit 4% (less the Contract Fee) in interest on the Segment Maturity Date, meaning your Segment Investment will increase by 4% (less the Contract Fee). **The Performance Cap Rate may cause your returns under the Segment to be lower than the Index's returns.** |
|  | The Segment Buffer of a Segment provides some protection against negative returns on the Segment Maturity Date. The Segment Buffer is the maximum amount of negative interest we will assume and we will credit any negative interest in excess of the Segment Buffer which means you bear all loss that exceeds the Segment Buffer. For example, if the Index return is -25% and the Segment Buffer is -10%, we will credit -15% (the amount that exceeds the Segment Buffer) (less the Contract Fee) on the Segment Maturity Date, meaning your Segment Investment will decrease by 15% (less the Contract Fee).<br>The Contract Fee will reduce your Segment Rate of Return and a negative return will be more negative. We apply the Contract Fee after applying the Performance Cap Rate, Participation Rate, and Segment Buffer.<br>All of the Indices we currently offer are "price return" indices, not "total return" indices, and therefore the performance of any Index does not reflect dividends paid on the securities included in the Index. This reduces the Index return, and the Index will underperform a direct investment in the securities composing the Index.<br>For additional information about the risks associated with investment options see "Structured Investment Option", in "Purchasing the contract", as well as, "Principal risks of investing in the contract" and Appendix "Investment Options available under the contract" in the Prospectus. |
| **What Are the Risks Related to the Insurance Company?** | An investment in the contract is subject to the risks related to the Company. The Company is solely responsible to the contract owner for the contract's account value. The general obligations, including the SIO, GIO, and the death benefits, under the contract are supported by our general account and are subject to our claims-paying ability. An owner should look solely to our financial strength for our claims-paying ability. More information about the Company, including our financial strength ratings, may be obtained at https://equitable.com/about-us/financial-strength-ratings.<br>For additional information about insurance company risks see "About the general account" in "More information" in the Prospectus. |
| **RESTRICTIONS** | **RESTRICTIONS** |
| **Are There Restrictions on the Investment Options?** | **Yes.** We may, at any time, exercise our rights to limit or terminate your contributions, allocations and transfers to any of the investment options and to limit the number of investment options which you may select. Such rights include, among others, removing or substituting investment options, and transferring account value from any investment option to another investment option. You will not be permitted to invest in a Segment if the Segment Maturity Date is later than your contract maturity date. The maximum current number of active Segments, funded holding accounts and/or Segment Types with an allocation on file that may be active in your contract at any time is 167.<br>We reserve the right to offer any or all Segments more or less frequently or to stop offering any of them (except we will always offer a Segment Option with a Segment Buffer that protects the first 10% of loss) or to suspend offering any or all of them temporarily for some or all contracts. If we stop offering these options, you will be limited to investing in only one Segment Option and the GIO, which is not tied to the performance of an index.<br>We may offer new Segment Types in the future, and we may change the features of a Segment Type between Segments, including the Index, the Segment Buffer, and the Performance Cap Rate (subject to the minimum rates disclosed herein).<br>We have the right to substitute an alternative Index prior to the Segment Maturity Date if the publication of one or more Indices is discontinued, or if we no longer have a license agreement with the publishers of the Index, or at our sole discretion we determine that our use of such Indices should be discontinued because hedging instruments become difficult to acquire or the cost of hedging becomes excessive, or if the calculation of one or more of the Indices is substantially changed. In addition, we reserve the right to use any or all reasonable methods to end any outstanding Segments that use such Indices. We also have the right to add additional Indices under the contract at any time. |

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| | <br> We can refuse to accept any application or contribution from you at any time, including after you purchase the contract. We reserve the right to discontinue the acceptance of, and/or place additional limitations on, contributions into certain investment options, including any or all of the Segments comprising the Structured Investment Option. If we exercise this right, your ability to invest in your contract, increase your account value and, consequently, increase your death benefit, will be limited. If you have a Guaranteed Minimum Death Benefit you generally can not make additional contributions to your contract after age 75 (or the first contract date anniversary if later).<br>Currently, we do not charge for transfers among investment options under the contract. However, we reserve the right to charge for any transfers among the investment options in excess of 12 per contract year. We will provide you with advance notice if we decide to assess the transfer charge, which will never exceed $35 per transfer.<br>For additional information about restrictions on the investment options, see "Transfer charge" in "Charges, Expenses, and Adjustments" and "Structured Investment Option" in "Purchasing the contract". |
| **Are There any Restrictions on Contract Benefits?** | **Yes.** At any time, we have the right to limit or terminate your ability to contribute to any of the investment options. If we exercise our right to discontinue the acceptance of, and/or place additional limitations on, contributions to the contract, you may no longer be able to fund your death benefit.<br>You have to be 75 or younger to elect a guaranteed minimum death benefit. If you have a Guaranteed Minimum Death Benefit you generally can not make additional contributions to your contract after age 75 (or the first contract date anniversary if later).<br>Withdrawals may affect the availability of the benefit by reducing the benefit by an amount greater than the value withdrawn and may terminate the benefit.<br>For additional information about the optional benefits see "How you can purchase and contribute to your contract" in "Purchasing the contract" and "Benefits available under the contract" in the Prospectus. |
| **TAXES** | **TAXES** |
| **What Are the Contract's Tax Implications?** | You should consult with a tax professional to determine the tax implications of an investment in, and payments received under, the contract. There is no additional tax benefit to you if the contract is purchased through a tax-qualified plan or individual retirement account (IRA). Withdrawals will be subject to ordinary income tax and may be subject to tax penalties. Generally, you are not taxed until you make a withdrawal from the contract.<br>For additional information about tax implications see "Tax information" in the Prospectus. |
| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** |
| **How Are Investment Professionals Compensated?** | Some financial professionals may receive compensation for selling the contract to you, both in the form of commissions or in the form of contribution-based compensation. Financial professionals may also receive additional compensation for enhanced marketing opportunities and other services (commonly referred to as "marketing allowances"). This conflict of interest may influence the financial professional to recommend this contract over another investment.<br>For additional information about compensation to financial professionals see "Distribution of the contracts" in "More information" in the Prospectus. |
| **Should I Exchange My Contract?** | Some financial professionals may have a financial incentive to offer a new contract in place of the one you already own. You should only exchange your contract if you determine, after comparing the features, fees, and risks of both contracts, as well as any fees or penalties to terminate your existing contract, that it is preferable to purchase the new contract rather than continue to own your existing contract.<br>For additional information about exchanges see "Charge for third-party transfer or exchange" in "Charges, Expenses, and Adjustments" in the Prospectus. |

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Fee Table

**The following tables describe the fees, expenses, and adjustments that you will pay when buying, owning, surrendering or making withdrawals from an investment option or from the contract. Please refer to your contract specifications page for information about the specific fees you will pay each year based on the options you have elected.** 

**The first table describes fees and expenses that you will pay at the time that you buy the contract, surrender the contract or if you make certain withdrawals from an investment option or from the contract, transfer account value between investment options, or request special services. Charges designed to approximate certain taxes that may be imposed on us, such as premium taxes in your state, may also apply.**

&nbsp;&nbsp; **Transaction Expenses**<br>

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|  | **<u>Series B</u>** | **<u>Select</u>** |
| Sales Load Imposed on Purchases (as a percentage of purchase payments) |  |  |
| Withdrawal Charge (as a percentage of contributions withdrawn) | 8%<sup>(1)</sup> |  |
| Transfer Fee<sup>(2)</sup> | $35 | $35 |
| Third Party Transfer or Exchange Fee<sup>(3)</sup> | $55 | $55 |
| Special Service Charges<sup>(4)</sup> | $90 | $90 |

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(1) The charge percentage we use is determined by the number of years since receipt of the contribution to which the charge
relates if you make a withdrawal, surrender your contract to receive its cash value, or, if offered, surrender your contract to apply your cash value to a non-life contingent annuity payment option.

(2) Currently, we do not charge for transfers among investment options under the contract. However, we reserve the right to
charge for transfers among the investment options in excess of 12 transfers per contract year. We will charge no more than $35 for each transfer at the time each transfer is processed. See "Transfer charge" under "Charges that the
Company deducts" in "Charges, Expenses, and Adjustments".

(3) The current charge is $55 and is currently being waived (we reserve the right to discontinue this waiver at any time
without notice). These charges may increase over time to cover our administrative costs. We may discontinue these services at any time.

(4) Special service charges include (1) express mail charge; (2) wire transfer charge; (3) duplicate contract
charge; and (4) check preparation charge. The maximum charge for each service is $90. Current charges may increase over time to cover our administrative costs. We may discontinue these services at any time.

**The next table describes the adjustments, in addition to any transaction expenses, that apply if all or a portion of the account value is removed from an investment option or from the contract before the expiration of a specified period.**

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| &nbsp;&nbsp; **Adjustments** |
| SIO Segment Maximum Potential Loss Due to Segment Interim Value adjustment (as a percentage of account value invested in the Segment on the Segment Start Date)<sup>(1)</sup>100%<sup>(2)</sup> |

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(1) Applies to withdrawals (including systematic withdrawals and required minimum distributions), surrenders, death benefits,
annuitization, contract cancellation, and transfers prior to the Segment Maturity Date. The actual amount of the Segment Interim Value calculation is determined by a formula that depends on, among other things, the Segment Buffer and how the Index
has performed since the Segment Start Date. The maximum loss would occur if there is a total distribution for a Segment at a time when the Index price has declined to zero. If you surrender, annuitize, cancel your contract, die, or make a
withdrawal, or there is a deduction of the optional death benefit charge, from a Segment before the Segment Maturity Date, the Segment Buffer will not necessarily apply to the extent it would on the Segment Maturity Date. See "Structured
Investment Option" for more information.

(2) Because the end-of-term downside protection provided by a Segment Buffer does not apply to the Segment Interim Value, it
is theoretically possible that you could lose up to 100% of your investment and previously credited interest in certain extreme scenarios.

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**The next table describes the fees and expenses that you will pay** ***each year*** **during the time that you own the contract. If you choose to purchase an optional benefit, you will pay additional charges, as shown below.**

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| &nbsp;&nbsp; **Annual Contract Expenses** | &nbsp;&nbsp; **Annual Contract Expenses** | &nbsp;&nbsp; **Annual Contract Expenses** |
|  | **<u>B</u>** | **<u>Select</u>** |
| Base Contract Expenses (as a percentage of the Segment Investment)<sup>(1)</sup> | 1.25% | 1.50% |
| Optional Highest Anniversary Value Death Benefit<sup>(2)</sup> | 0.25% | 0.25% |
| Optional Greater of Death Benefit<sup>(2)</sup> | 0.75% | 0.75% |
| **In addition to the fees described above, we limit the amount you can earn on the Segments. This means your returns may be lower than the Index's returns. In return for accepting this limit on Index gains, you will receive some protection from Index losses.** | **In addition to the fees described above, we limit the amount you can earn on the Segments. This means your returns may be lower than the Index's returns. In return for accepting this limit on Index gains, you will receive some protection from Index losses.** | **In addition to the fees described above, we limit the amount you can earn on the Segments. This means your returns may be lower than the Index's returns. In return for accepting this limit on Index gains, you will receive some protection from Index losses.** |

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(1) The Contract Fee percentage reduces the Segment Rate of Return. If the contract is surrendered or annuitized, a withdrawal
or transfer out is taken, there is a deduction of the optional death benefit charge, or a death benefit is paid, on any date other than the Segment Maturity Date, we will deduct a pro rata portion of the charge from each Segment as part of the
Segment Interim Value calculation. The Contract Fee is applied cumulatively for 6-year Segments, so the total Contract Fee for a 6-year Segment is 7.5% for Series B contracts and 9% for Select contracts.

(2) The applicable Death Benefit charge is deducted on each contract date anniversary. If the contract is surrendered,
annuitized, or a death benefit is paid, on any date other than the Segment Maturity Date, we will deduct a pro rata portion of the charge.

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The Company

Equitable America is an Arizona stock life insurance corporation organized in 1969 with an administrative office located at 8501 IBM Drive, Suite 150, Charlotte, NC 28262-4333. Equitable Financial is a New York stock life insurance corporation doing business since 1859 with its home office located at 1345 Avenue of the Americas, New York, NY 10105. We are indirect wholly owned subsidiaries of Equitable Holdings, Inc.

We are licensed to sell life insurance and annuities in all fifty states (except Equitable America is not licensed in the state of New York), the District of Columbia, Puerto Rico and the U.S. Virgin Islands. No other company has any legal responsibility to pay amounts that the Company owes under the contracts. The Company is solely responsible for paying all amounts owed to you under the contract subject to our financial strength and claims paying ability.

We rely on the exemption from the reporting requirements of Section 15(d) of the Securities Exchange Act of 1934, as amended (the "1934 Act"), provided by Rule 12h-7 under the 1934 Act with respect to registered non-variable insurance contracts (such as index-linked investment options and fixed investment options subject to a market value adjustment) that we issue.

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**How to reach us** 

Please communicate with us at the mailing addresses listed below for the purposes described. You can also use our Equitable Client Portal system to access information about your account and to complete certain requests through the internet. Certain methods of contacting us, such as by telephone or electronically, may be unavailable or delayed. For example, our facsimile service may not be available at all times and/or we may be unavailable due to emergency closing. In addition, the level and type of service available may be restricted based on criteria established by us. In order to avoid delays in processing, please send your correspondence and check to the appropriate location, as follows:

**For correspondence with checks:** 

***For contributions sent by regular mail:***

Retirement Service Solutions

P.O. Box 1424

Charlotte, NC 28201

***For contributions sent by express delivery:***

Retirement Service Solutions

8501 IBM Dr, Ste 150-IR

Charlotte, NC 28262

**For correspondence without checks:** 

***For all other communications (e.g., requests for transfers, withdrawals, or required notices) sent by regular mail:***

Retirement Service Solutions

P.O. Box 1016

Charlotte, NC 28201

***For all other communications (e.g., requests for transfers, withdrawals, or required notices) sent by express delivery:***

Retirement Service Solutions

8501 IBM Dr, Ste 150-IR

Charlotte, NC 28262

Your correspondence will be picked up at the mailing address noted above and delivered to our processing office. Your correspondence, however, is not considered received by us until it is received at our processing office. Where this Prospectus refers to the day when we receive a contribution, request, election, notice, transfer or any other transaction request from you, we mean the day on which that item (or the last thing necessary for us to process that item) arrives in complete and proper form at our processing office or via the appropriate telephone or fax number if the item is a type we accept by those means. There are two main exceptions: if the item arrives (1) on a day that is not a business day or (2) after the close of a business day, then, in each case, we are deemed to have received that item on the next business day. Our processing office is: 8501 IBM Dr, Ste 150-IR, Charlotte, NC 28262.

**Reports we provide:** 

• written confirmation of financial transactions and certain non-financial transactions, including when money is transferred into a Segment from a Segment Type Holding Account; when
money is not transferred from a Segment Type Holding Account into a Segment on a Segment Start Date for any reason; when a Segment matures; or when you change your current instructions; and

• annual statement of your account values at the close of each calendar year.

See "Definition of key terms" earlier in this Prospectus for a more detailed explanation of terms associated with the Structured Investment Option.

**Equitable Client portal:** 

With your Equitable Client portal account you can expect:

• **Account summary**. View your account values, and select accounts for additional details.

• **Messages and alerts**. Stay up to date with messages on statement availability, investment options and important account information.

• **Profile changes**. Now it's even easier to keep your information current, such as your email address, street address and eDelivery preferences.

• **Manage your account**. Convenient access to service options for a policy or contract, from viewing account details and documents to completing financial transactions.

• **Investments details**. Intuitive charts show the breakdown of your key investments.

Don't forget to sign up for eDelivery! Visit equitable.com and click sign in to register today.

Equitable Client portal is normally available seven days a week, 24 hours a day. Of course, for reasons beyond our control, this service may sometimes be unavailable.

We have established procedures to reasonably confirm that the instructions communicated through the internet are genuine. For example, we will require certain personal identification information before we will act on internet instructions and we will provide written confirmation of your transfers. If we do not employ reasonable procedures to confirm the genuineness of internet instructions, we may be liable for any losses arising out of any act or omission that constitutes negligence, lack of good faith, or willful misconduct. In light of our procedures, we will not be liable for following internet instructions we reasonably believe to be genuine.

We reserve the right to limit access to this service if we determine that you engaged in a disruptive transfer activity (see "Disruptive transfer activity" in "Transferring your money among investment options" later in this Prospectus).

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**Customer service representative:** 

You may also use our toll-free number (1-877-899-3743) to speak with one of our customer service representatives. Our customer service representatives are available on the following business days.

• Monday through Thursday from 8:30 a.m. until 7:00 p.m., Eastern time.

• Friday from 8:30 a.m. until 5:30 p.m., Eastern time.

**We generally require that the following types of communications be on specific forms we provide for that purpose:** 

(1) authorization for transfers, including transfers of your Segment Maturity Value on a Segment Maturity Date, by your
financial professional;

(2) conversion of a traditional IRA to a Roth IRA contract;

(3) tax withholding elections (see withdrawal request form);

(4) election of the beneficiary continuation option;

(5) election of a predetermined form of death benefit payout;

(6) IRA contribution recharacterizations;

(7) Section 1035 exchanges;

(8) direct transfers and specified direct rollovers;

(9) death claims;

(10) change in ownership (NQ only, if available under your contract);

(11) purchase by, or change of ownership to, a non-natural owner;

(12) requests to transfer, reallocate, make subsequent contributions and change your future allocations (except that certain
transactions may be permitted through the Equitable Client Portal systems);

(13) providing instructions for allocating the Segment Maturity Value on the Segment Maturity Date;

(14) requests for withdrawals, including withdrawals of the Segment Maturity Value on the Segment Maturity Date; and

(15) requests for contract surrender.

**To cancel or change any of the following, we require written notification generally at least seven calendar days before the next scheduled transaction:** 

(1) instructions on file for allocating the Segment Maturity Value on the Segment Maturity Date; and

(2) instructions to withdraw your Segment Maturity Value on the Segment Maturity Date.

**We also have specific forms that we recommend you use for the following types of requests:** 

(1) beneficiary changes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

(2) special dollar cap averaging; and

(3) general dollar cap averaging.

**To cancel or change any of the following, we require written notification generally at least seven calendar days before the next scheduled transaction:** 

(1) the date annuity payments are to begin;

(2) special dollar cap averaging; and

(3) general dollar cap averaging.

You must sign and date all these requests. Any written request that is not on one of our forms must include your name and your contract number along with adequate details about the notice you wish to give or the action you wish us to take. Some requests may be completed online; you can use our Equitable Client Portal system to contact us and to complete such requests through the internet. In the future, we may require that certain requests be completed online.

**Signatures:** 

The proper person to sign forms, notices and requests would normally be the owner. If there are joint owners, both must sign.

**eDelivery:** 

You can register to receive statements and other documents electronically. You can do so by visiting our website at www.equitable.com.

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**1.** Purchasing the contract

**How you can purchase and contribute to your contract** 

You may purchase a contract by making payments to us that we call "contributions." We can refuse to accept any contribution from you at any time, including after you purchase the contract. We require a minimum initial contribution $25,000. Maximum contribution limitations also apply. Minimum subsequent contribution amounts vary by contract type. See Appendix "Rules regarding contributions to your contract" for the minimum subsequent contribution amount for each contract type, as well as, additional limitations on contributions. For a traditional IRA contract, your initial contribution must be a direct transfer from another traditional IRA or a rollover from an eligible retirement plan (including another traditional IRA). For a Roth IRA contract, your initial contribution must be a direct transfer from another Roth IRA or a rollover from an eligible retirement plan including traditional IRA or another Roth IRA. For a QP contract, your initial contribution and any subsequent contributions must be a direct transfer from other investments within an existing qualified plan trust. Both the owner and annuitant named in the contract must meet the issue age requirements shown in the table, and contributions are based on the age of the older of the original owner and annuitant. Subsequent contributions may not be permitted in your state. Please see Appendix "State contract availability and/or variations of certain features and benefits" for any applicable state variations.

We currently do not accept any contribution if (i) the aggregate contributions under one or more Structured Capital Strategies<sup>®</sup> contracts with the same owner or annuitant would then total more than $2,500,000; or (ii) the aggregate contributions under all our annuity accumulation contracts with the same owner or annuitant would then total more than $5,000,000. We may waive these and other contribution limitations based on certain criteria we determine, including issue age, aggregate contributions, investment option allocations and selling broker-dealer compensation. These and other contribution limitations may not be applicable in your state. Please see Appendix "State contract availability and/or variations of certain features and benefits" for more information on state variations.

**If you have a Guaranteed Minimum Death Benefit you generally can not make additional contributions to your contract after age 75 (or the first contract date anniversary if later).**

Upon advance notice to you, we may exercise certain rights we have under the contract regarding contributions, including our rights to:

• Change our contribution requirements and limitations and our transfer rules, including to:

— increase or decrease our minimum contribution requirements and increase or decrease our maximum contribution limitations;

— discontinue the acceptance of subsequent contributions to the contract; and

— discontinue the acceptance of subsequent contributions and/or transfers into one or more of the investment options.

• Further limit the number of Segment Type Holding Accounts and Segments you may invest in at any one time.

• Limit or terminate new contributions or transfers to the GIO or any Segment Type Holding Account or Segment ("investment options").

**We reserve the right in our sole discretion to discontinue the acceptance of, and/or place additional limitations on contributions and transfers into certain investment options, including any or all of the Segment Types. If we exercise this right, your ability to invest in your contract, increase your account value and, consequently, increase your account value death benefit, or Guaranteed Minimum Death Benefit, if applicable, will be limited.** 

**Owner and annuitant requirements** 

Under NQ contracts, the annuitant can be different from the owner. Only natural persons can be joint owners. This means that an entity such as a corporation cannot be a joint owner. We reserve the right to prohibit availability of this contract to any non-natural owner.

Owners which are not individuals may be required to complete the appropriate Form W-8 describing the entity type to avoid 30% FATCA withholding from U.S.-source income.

For NQ contracts (with a single owner, joint owners, or a non-natural owner) we permit the naming of joint annuitants only when the contract is purchased through an exchange that is intended not to be taxable under Section 1035 of the Internal Revenue Code and only where the joint annuitants are spouses.

Under all IRA contracts, the owner and annuitant must be the same person. In some cases, an IRA contract may be held in a custodial individual retirement account for the benefit of the individual annuitant.

For the Spousal continuation feature to apply, the spouses must either be joint owners, or, for single owner contracts, the surviving spouse must be the sole primary beneficiary. The determination of spousal status is made

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under applicable state law. However, in the event of a conflict between federal and state law, we follow federal rules. Certain same-sex civil union and domestic partners may not be eligible for tax benefits under federal law and may be required to take post-death distributions.

In general, we will not permit a contract to be owned by a minor unless it is pursuant to the Uniform Gifts to Minors Act or the Uniform Transfers to Minors Act in your state.

Under QP contracts, the owner must be the qualified plan trust and the annuitant must be the plan participant/employee. See Appendix "Purchase considerations for defined benefit and defined contribution plans" later in this Prospectus for more information on QP contracts.

We permit defined benefit and defined contribution plan trusts to use pooled plan assets to purchase NQ contracts in states where it is approved as a funding vehicle. See Appendix "Purchase considerations for defined benefit and defined contribution plans" later in this Prospectus.

Certain benefits under your contract, as described in this Prospectus, are based on the age of the owner. If the owner of the contract is not a natural person, these benefits will be based on the age of the annuitant. In this Prospectus, when we use the terms **owner** and **joint owner**, we intend these to be references to **annuitant** and **joint annuitant**, respectively, if the contract has a non-natural owner.

***Purchase considerations for a charitable remainder trust***

If you are purchasing the contract to fund a charitable remainder trust and allocate any account value to the Structured Investment Option, you should strongly consider "split-funding": that is the trust holds investments in addition to this contract. Charitable remainder trusts are required to make specific distributions. The charitable remainder trust annual distribution requirement may be equal to a percentage of the donated amount or a percentage of the current value of the donated amount. If your contract is the only source for such distributions, you may need to take withdrawals from Segments before their Segment Maturity Dates. See the discussion of the Structured Investment Option later in this section.

**How you can make your contributions** 

Except as noted below, contributions must be by check drawn on a U.S. bank, in U.S. dollars, and made payable to us (for subsequent contributions please write your contract number on the check). We may also apply contributions made for NQ contracts, pursuant to an intended Section 1035 tax-free exchange or for IRA contracts, pursuant to a direct transfer. For a traditional IRA contract, your initial contribution must be a direct transfer from another traditional IRA or a rollover from an eligible retirement plan (including a traditional IRA). For a Roth IRA contract, your initial contribution must be a direct transfer from another Roth IRA or a rollover from an eligible retirement plan including a traditional IRA or another Roth IRA. For QP contracts, all contributions must be transfers from another investment within an existing qualified plan trust. We

do not accept starter checks or travelers' checks. All checks are subject to our ability to collect the funds. We reserve the right to reject a payment if it is received in an unacceptable form or not in accordance with our administrative procedures.

For your convenience, we will accept initial and subsequent contributions by wire transmittal from certain broker-dealers who have agreements with us for this purpose, including circumstances under which such contributions are considered received by us when your order is taken by such broker-dealers. These methods of payment are discussed in detail in "More information" later in this Prospectus.

If your contract is sold by a financial professional of Equitable Advisors, Equitable Advisors will direct us to hold your initial contribution, whether received via check or wire, in a non-interest bearing "Special Bank Account for the Exclusive Benefit of Customers" while Equitable Advisors ensures your application is complete and that suitability standards are met. Equitable Advisors will either complete this process or instruct us to return your contribution to you within the time requirements set by applicable rules of the Financial Industry Regulatory Authority ("FINRA"). Upon timely and successful completion of this review, Equitable Advisors will instruct us to transfer your contribution into our non-interest bearing suspense account and transmit your application to us, so that we can consider your application for processing. If the period for obtaining this information extends through a Segment Start Date, your initial investment will not be allocated to new Segments until the next Segment Start Date.

If your application is in good order when we receive it from Equitable Advisors for application processing purposes, your contribution will be applied within two business days. If any information we require to issue your contract is missing or unclear, we will hold your contribution while we try to obtain this information. If we are unable to obtain all of the information we require within five business days after we receive an incomplete application or form, we will inform the financial professional submitting the application on your behalf. We will then return the contribution to you, unless you or your financial professional acting on your behalf, specifically direct us to keep your contribution until we receive the required information. The contribution will be applied as of the date we receive the missing information. If the period for obtaining this information extends through a Segment Start Date, your initial investment will not be allocated to new Segments until the next Segment Start Date.

If your financial professional is with a selling broker-dealer other than Equitable Advisors, your initial contribution must generally be accompanied by a completed application and any other form we need to process the payments. If any information is missing or unclear, we will hold the contribution, whether received via check or wire, in a non-interest bearing suspense account while we try to obtain this information. If we are unable to obtain all of the information we require within five business days after we receive an incomplete application or form, we will inform the financial professional submitting the application on your behalf. We will then return the contribution to you unless

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you or your financial professional on your behalf, specifically direct us to keep your contribution until we receive the required information. The contribution will be applied as of the date we receive the missing information. If the period for obtaining this information extends through a Segment Start Date, your initial investment will not be allocated to new Segments until the next Segment Start Date.

**What are your investment options under the contract?** 

Your investment options are the GIO, the Segments comprising the Structured Investment Option and the Dollar Cap Averaging Programs. The term GIO includes the Segment Type Holding Accounts unless otherwise noted. The Segment Type Holding Accounts are part of the GIO. The Structured Investment Option and the Segment Type Holding Accounts are discussed later in this section under "Structured Investment Option." The Special Dollar Cap Averaging Program invests in the special dollar cap averaging account and the General Dollar Cap Averaging Program invests in the general dollar cap averaging account, which are both part of the GIO. See "Dollar Cap Averaging Program" later in this section for more information.

***Guaranteed interest option***

The guaranteed interest option is part of our general account and pays interest at rates which are periodically redetermined and, accordingly, will vary over time subject to a guaranteed minimum rate. We discuss our general account in "More information" in this prospectus. We declare an interest rate each calendar quarter.

The interest rate applicable to your contract during the first contract year is based on the calendar quarter it is issued. That rate will be applied to all contributions received during the first contract year until that contract year is over. The interest rate applicable to your contract will be redetermined on each contract anniversary and will be the rate declared for the calendar quarter your contract anniversary occurs in. The redetermined rate will apply until that contract year is over for any new contributions received that contract year, as well as all contributions in the GIO at the close of business on that contract anniversary.

**Structured Investment Option** 

The SIO provides you with the opportunity to earn interest, which may be positive or negative, that we will credit based, in part, on the performance of a specified securities Index or exchanged-traded fund from the Segment Start Date to the Segment Maturity Date. Please be aware that the possibility of a negative return could result in a significant loss of principal and previously credited interest if the Index declines in value. You generally have the opportunity to invest in any of the Segment Types currently offered subject to the requirements, limitations and procedures disclosed in this section. You participate in the performance of an Index by investing in the corresponding Segment. Investments in Segments are not investments in the Indices themselves or in any underlying mutual funds; Segments are not "index funds."

***Segment Types***

Information regarding the features of each of the currently available Segment Types, including the Index name and type, the Segment Duration, the Segment Rate of Return calculation method, the current Segment Buffer, and the minimum Performance Cap Rate for the life of the Segment Type, is available in an appendix to the prospectus. See Appendix "Investment Options available under the contract.". We may not always offer every Segment Type on every Segment Start Date. There may also be very unusual circumstances where we are not able to offer any Segment Type on a particular Segment Start Date. Each investment in a Segment Type that starts on a particular Segment Start Date is referred to as a Segment. Each Segment Type has a corresponding Segment Type Holding Account.

We reserve the right to offer any or all Segment Types more or less frequently or to stop offering any of them or to suspend offering any or all of them temporarily for some or all contracts. Please see "Suspension, termination and changes to Segment Types" later in this section. All Segment Types may not be available in all states. We may also add Segment Types in the future.

The maximum current number of active Segments, funded holding accounts and/or Segment Types with an allocation on file that may be active in your contract at any time is 167.

***Segment Start Date***

Each Segment will have a Segment Start Date. New Segments generally start every Thursday. However, the Segment Start Date may sometimes be a different day under certain circumstances. Please see "Setting the Segment Maturity Date and Segment Start Date" below. Also, we may offer Segments more or less frequently and on different days for some or all contracts.

***Segment Type Holding Accounts***

Any contribution or transfer designated for a Segment Type on any day other than a Segment Start Date will be allocated to the corresponding Segment Type Holding Account until the Segment Start Date. Any contribution or transfer designated for a Segment Type on a Segment Start Date will not be allocated to the corresponding Segment Type Holding Account but instead will be directly invested in that Segment assuming all participation requirements are met. The Segment Type Holding Accounts are part of the GIO. The Segment Type Holding Accounts have the same rate of return as the GIO.

You can transfer amounts from a Segment Type Holding Account to any investment option at any time up to the close of business on the Segment Start Date.

***Segment Participation Requirements***

Provided that all participation requirements are met, all amounts allocated to a Segment Type that are in the associated Segment Type Holding Account as of the close of business on the Segment Start Date, plus any earnings on those amounts, as well as, all amounts transferred and

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subsequent contributions allocated to a Segment Type on the Segment Start Date will be transferred into the new Segment on the Segment Start Date.

The participation requirements are as follows: (1) Segment is available and (2) Segment Maturity Date Requirement is met. If these requirements are met, your account value in the Segment Type Holding Account will be transferred into a new Segment along with any amount allocated to that Segment Type on the Segment Start Date. This amount is your initial Segment Investment.

***(1) Segment is available.*** The Segment must actually be created on the Segment Start Date as scheduled. We may suspend or terminate any Segment Type, at our sole discretion, at any time. If we terminate a Segment Type, no new Segments of that Segment Type will be created, and the amount that would have been transferred to the Segment will be transferred to the GIO instead. If we suspend a Segment Type, no new Segments of that Segment Type will be created until the suspension ends, and the amount that would have been transferred to the Segment will remain in or be transferred into the Segment Type Holding Account.

***(2) Segment Maturity Date Requirement is met.*** The Segment Maturity Date must occur on or before the contract maturity date. If the Segment Maturity Date is after the contract maturity date, your account value in the Segment Type Holding Account will be transferred to the GIO.

***Segment Duration***

We currently offer Segment Types with a duration of 1 or 6 years. Amounts removed from a Segment prior to the Segment Maturity Date will not receive the full protection of the Segment Buffer because the Segment Interim Value only reflects a portion of the downside protection expected to be provided on the Segment Maturity Date; and could reduce the Segment Investment (which we use to calculate the Segment Maturity Value on the Segment Maturity Date as described in "Segment Maturity Value") by more than the amount withdrawn due to the Segment Interim Value. **Amounts must remain in the Segment for the full Segment Duration to be credited with full interest, to receive the full protection of the Segment Buffer, and to avoid a possible negative Segment Interim Value adjustment in addition to potential withdrawal charges, taxes and tax penalties.** See "Segment Interim Value" below and "Adjustments with respect to early distributions from Segments" in "Charges, Expenses, and Adjustments" for more information.

Before selecting a Segment for investment, you should consider whether you are likely to make a withdrawal or transfer from the Segment or surrender or annuitize your contract prior to the end of the 1 or 6 year Segment Duration. You should also consider whether you want your returns to be linked to the applicable Index for the Segment Duration and whether the Segment Buffer and Performance Cap Rate are consistent with your investment goals and risk tolerance for the 1 or 6 year period.

***Segment Maturity Date***

Your Segment Maturity Date is the Segment Transaction Date on which a Segment ends. You will receive advance notice of maturing Segments in which you are currently invested in your quarterly statement. You will generally also receive a second advance notice of maturing Segments in which you are currently invested. The additional notice is available by mail or electronically and is generally provided at least 30 days before a Segment Maturity Date. You can instruct us to stop delivering this second notice to you at any time. We reserve the right to discontinue this second notice at any time.

***Setting the Segment Maturity Date and Segment Start Date***

There will generally be four or more Segment Transaction Dates each month that the contract is outstanding. The Segment Maturity Date for Segments maturing and the Segment Start Date for new corresponding Segments will occur on the same Segment Transaction Date.

If a Segment Transaction Date falls on a holiday, the Segment Transaction Date will generally be the preceding business day.

***Segment Maturity Instructions.*** You may specify maturity instructions that tell us how to allocate the Segment Maturity Value among the investment options and you can change these instructions at any time. You may tell us either to follow your instructions on file for new contributions, to withdraw all or part of your Segment Maturity Value, or to transfer your Segment Maturity Value to the next available Segment of the same or different Segment Type, provided the participation requirements are met. While you may specify or change your maturity instructions for maturing Segments at any time until the close of business on the Segment Maturity Date, we recommend submitting new or revised instructions at least five business days prior to the Segment Maturity Date.

As stated above, you may elect to have maturing Segments invested according to your instructions on file, and those instructions may include allocations to different Segment Types, or you may elect to transfer your Segment Maturity Value to the next available Segment of the same Segment Type in which you are currently invested. If you take either of these steps, then the designated portion of your Segment Maturity Value will be transferred to the corresponding Segment, as of the close of business on the Segment Maturity Date, assuming that all participation requirements are met.

If you have not provided us with maturity instructions for a maturing Segment, then by default the Segment Maturity Value will be transferred to the same Segment Type as the maturing Segment except that if the next Segment to be created in the Segment Type would not meet the Segment Maturity Date Requirement or that Segment Type has been terminated, we will instead transfer your Segment Maturity Value to the GIO.

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***Segment Maturity Value***

We calculate your Segment Maturity Value on the Segment Maturity Date using your Segment Investment and the Segment Rate of Return. See "Segment Rate of Return," "Performance Cap Rate," and "Segment Buffer" below for more information.

Your Segment Maturity Value for all Segments is calculated as follows:

We multiply your Segment Investment by your Segment Rate of Return to get your Segment Return Amount. Your Segment Maturity Value is equal to your Segment Investment plus your Segment Return Amount. Your Segment Return Amount may be negative, in which case your Segment Maturity Value will be less than your Segment Investment. Please note that (1) the Contract Fee reduces the Segment Rate of Return and (2) the Segment Investment and resulting Segment Return Amount will have been reduced by any optional Guaranteed Minimum Death Benefit charge if those charges were deducted from the Segment on any contract date anniversary during the Segment.

The values used in the calculation are based on the value of the Index on the Segment Start Date and they are compared to the values on the Segment Maturity Date. Any fluctuations in the value of the Index between the Segment Start Date and Segment Maturity Date is ignored in calculating the Segment Rate of Return. See Appendix "Segment Maturity Value Calculation Examples" for examples calculating the Segment Rate of Return, Segment Return Amount and Segment Maturity Value.

***Segment Interim Value***

The total amount earned on an investment in a Segment of the SIO is only applied at Segment maturity. If any amount leaves a Segment on any date prior to the Segment Maturity Date, we calculate the Segment Interim Value of the Segment as described in "Charges, Expenses, and Adjustments." Prior to the Segment Maturity Date, the following transactions trigger the Segment Interim Value calculation: (1) the receipt of an in good order death claim by your beneficiary; (2) a withdrawal (including a systematic withdrawal a required minimum distribution, and a free withdrawal under a Series B contract); (3) a transfer; (4) if you surrender or annuitize your contract; (5) deduction of the optional death benefit fee; or (6) if you cancel your contract and return it to us for a refund within your state's "free look" period. **If you make one of these transactions, the Segment Interim Value could ultimately result in a significant loss of principal and previously credited interest. We deduct a pro rata portion of the Contract Fee from the Segment Interim Value as part of the calculation.**

***Segment Rate of Return***

The Segment Rate of Return is calculated using the Segment Buffer or Performance Cap Rate, as well as the Participation Rate, as described below for each Segment Type. See Appendix: "Segment Maturity Value Calculation Examples" for numerical examples of each calculation method.

***Standard Segments.*** For Standard Segments, the Segment Rate of Return is calculated as follows:

---

| | |
|:---|:---|
| **If the Index Performance Rate:** | **Your Segment Rate of Return<br>will be:** |
| multiplied by the Participation Rate exceeds the Performance Cap Rate | equal to the Performance Cap Rate<br> minus the cumulative Contract Fee |
| multiplied by the Participation Rate is positive but less than or equal to the Performance Cap Rate | equal to the Index Performance Rate multiplied by the Participation Rate<br> minus the cumulative Contract Fee |
| is flat or negative by a percentage equal to or less than the Segment Buffer | equal to 0%<br> minus the cumulative Contract Fee |
| is negative by a percentage greater than the Segment Buffer | negative, equal to the extent of the percentage exceeding the Segment Buffer<br> minus the cumulative Contract Fee |

---

Please see Appendix "Investment Options available under the contract" for a list of the current Standard Segment Types.

*Standard Segment example:* For the S&P 500 Price Return Index/6 year/-20% Segment Type, a Segment could be established as S&P 500 Price Return Index/6 year/-20% with a 60% Performance Cap Rate and a 110% Participation Rate for a Select contract. This means that you will participate in the performance of the S&P 500 Price Return Index for six years starting from the Segment Start Date. The following examples assume no withdrawals. If the Index performs positively during this period, your Segment Rate of Return could be as much as 51% after deducting a Contract Fee that is applied cumulatively for a 6 year Segment (the cumulative Contract Fee over 6 years is 7.5% for Series B and 9.0% for Select) for that Segment Duration (51% = 60% Performance Cap Rate - 9.0% cumulative Contract Fee). If the Index performs negatively during this period, at maturity you will be protected from the first 20% of the Index's decline. If the Index performance is between -20% and 0%, your Segment Rate of Return will be -9% (-9% = 0% - 9%). If the Index Performance Rate is more negative than the Segment Buffer, the Segment Rate of Return will be negative to the extent of the percentage exceeding the Segment Buffer minus the Contract Fee. See Appendix "Segment Maturity Value Calculation Examples" for examples showing the Segment Maturity Value calculation.

Standard Segment Types with greater protection tend to have lower Performance Cap Rates than other Standard Segment Types that use the same Index and duration but provide less protection.

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***Step Up Segments.*** For Step Up Segments, the Segment Rate of Return is calculated as follows:

---

| | |
|:---|:---|
| **If the Index Performance Rate:** | **Your Segment Rate of Return<br>will be:** |
| multiplied by the Participation Rate is greater than or equal to zero | equal to the Performance Cap Rate<br> minus the cumulative Contract Fee |
| is negative by a percentage equal to or less than the Segment Buffer | equal to 0%<br> minus the cumulative Contract Fee |
| is negative by a percentage greater than the Segment Buffer | negative, equal to the extent of the percentage exceeding the Segment Buffer<br> minus the cumulative Contract Fee |

---

**Please note:** Because of the way Segment Rate of Return is calculated for Step Up Segments, when the Index Performance Rate is near zero, a very small difference in the Index of Performance Rate on the Segment Maturity Date can result in a very different Segment Rate of Return. For example, if the Performance Cap Rate is 8.00% and the Index Performance Rate is 0.00% on the Segment Maturity Date, the Segment Rate of Return would be 8.00% minus the applicable Contract Fee whereas, if the Index Performance Rate is -0.01% on the Segment Maturity Date the Segment Rate of Return is 0.00% minus the applicable Contract Fee.

Please see Appendix "Investment Options available under the contract" for a list of the current Step Up Segment Types.

*Step Up Segment example:* For the S&P 500 Price Return Index Step Up/1 year/-10% Segment Type, a Segment could be established as S&P 500 Price Return Index Step Up/1 year/-10% with a 9% Performance Cap Rate and 100% Participation Rate for a Select contract. This means that you will participate in the performance of the S&P 500 Price Return Index for one year starting from the Segment Start Date. The following examples assume no withdrawals. If the Index performs positively or equal to zero during this period, your Segment Rate of Return would be 7.5% after deducting a Contract Fee (the Contract Fee is 1.25% for Series B and 1.5% for Select) for that Segment Duration (7.5% = 9% Performance Cap Rate - 1.5% Contract Fee). If the Index performs negatively during this period, at maturity you will be protected from the first 10% of the Index's decline. If the Index performance is between -10% and 0%, your Segment Rate of Return would be -1.5% (-1.5% = 0% - 1.5%). If the Index Performance Rate is more negative than the Segment Buffer, the Segment Rate of Return will be negative to the extent of the percentage exceeding the Segment Buffer minus the Contract Fee. See Appendix "Segment Maturity Value Calculation Examples" for examples showing the Segment Maturity Value calculation.

Step Up Segments will generally have lower Performance Cap Rates than Standard Segments with the same Index, Segment Duration and Segment Buffer. This is because the Segment Rate of Return for Step Up Segments is equal to the Performance Cap Rate for certain lower returns.

***Enhanced Upside Segments.*** For Enhanced Upside Segments, the Segment Rate of Return is calculated as follows:

---

| | |
|:---|:---|
| **If the Index Performance Rate:** | **Your Segment Rate of Return<br>will be:** |
| multiplied by the Participation Rate exceeds the Performance Cap Rate | equal to the Performance Cap Rate minus the cumulative Contract Fee |
| multiplied by the Participation Rate is positive but less than or equal to the Performance Cap Rate | equal to the Index Performance Rate multiplied by the Participation Rate minus the cumulative Contract Fee |
| is flat or negative by a percentage equal to or less than the Segment Buffer | equal to 0% minus the cumulative Contract Fee |
| is negative by a percentage greater than the Segment Buffer | negative, equal to the extent of the percentage exceeding the Segment Buffer<br> minus the cumulative Contract Fee |

---

Please see Appendix "Investment Options available under the contract" for a list of the current Enhanced Upside Segment Types.

*Enhanced Upside Segment example:* For the S&P 500 Price Return Index Enhanced Upside /6 year/-10% Segment Type, a Segment could be established as S&P 500 Price Return Index Enhanced Upside /6 year/-10% with an 80% Performance Cap Rate with a 125% Participation Rate for a Select contract. This means that you will participate in the performance of the S&P 500 Price Return Index for six years starting from the Segment Start Date. The following examples assume no withdrawals. If the Index performs positively during this period, your Index Performance Rate will be increased by the Participation Rate of 125% subject to the Performance Cap Rate and your Segment Rate of Return could be as much as 71% after deducting a Contract Fee that is applied cumulatively for a 6 year Segment (the cumulative Contract Fee over 6 years is 7.5% for Series B and 9.0% for Select) for that Segment Duration (71% = 80% Performance Cap Rate - 9.0% cumulative Contract Fee). If the Index Performance Rate is flat (0%), the Segment Rate of Return will be -9% (-9% = 0% - 9%). If the Index performs negatively during this period, at maturity you will be protected from the first 10% of the Index's decline. If the Index performance is between -10% and 0% (or equal to either), your Segment Rate of Return would be -9% (-9% = 0% - 9%). If the Index Performance Rate is more negative than the Segment Buffer, the Segment Rate of Return will be negative to the extent of the percentage exceeding the Segment Buffer minus the Contract Fee. See Appendix "Segment Maturity Value Calculation Examples" for examples showing the Segment Maturity Value calculation.

Enhanced Upside Segments will generally have lower Performance Cap Rates than Standard Segments with the same Index, Segment Duration and Segment Buffer. This is because the Index Performance Rate may be increased by the Participation

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Rate for certain positive Index returns which is generally higher than the Participation Rate for Standard Segments.

***Dual Direction Segments.*** For Dual Direction Segments, the Segment Rate of Return is calculated as follows:

---

| | |
|:---|:---|
| **If the Index Performance Rate:** | **Your Segment Rate of Return<br>will be:** |
| multiplied by the Participation Rate is greater than the Performance Cap Rate | equal to the Performance Cap Rate<br> minus the cumulative Contract Fee |
| multiplied by the Participation Rate is between the Performance Cap Rate and zero | equal to the Index Performance Rate multiplied by the Participation Rate<br> minus the cumulative Contract Fee |
| is negative by a percentage equal to or less than the Segment Buffer | equal to absolute value of the Index Performance Rate <br> minus the cumulative Contract Fee |
| is negative by a percentage greater than the Segment Buffer | negative, equal to the extent of the percentage exceeding the Segment Buffer<br> minus the cumulative Contract Fee |

---

\* If the Index Performance Rate is zero, the Segment Rate of Return is zero minus the Contract Fee.

**Please note:**

• Because of the way the Segment Rate of Return is calculated for Dual Direction Segments, when the Index Performance Rate is near the Segment Buffer, a very small difference in the Index Performance Rate on the Segment
Maturity Date can result in a very different Segment Rate of Return. For example, for a Dual Direction Segment with a -20% Segment Buffer, if the Index Performance Rate is -20.00% on the Segment Maturity Date the Segment Rate of Return is 20.00% minus the applicable Contract Fee whereas, if the Index Performance Rate is -20.01% on the
Segment Maturity Date the Segment Rate of Return is -0.01% minus the applicable Contract Fee.

• Because of the way the Segment Rate of Return is calculated for Dual Direction Segments, in certain situations the Segment Rate of Return may be greater for negative Index Performance Rates than for the corresponding
positive Index Performance Rates. For example, for a Dual Direction Segment with a Performance Cap Rate of 10% and a -15% Segment Buffer, if the Index Performance Rate is -14% on the Segment Maturity Date the Segment Rate of Return is 14% minus the applicable contract fee whereas, if the Index Performance Rate multiplied by the Participation Rate is 14% on the Segment Maturity
Date the Segment Rate of Return is 10% minus the applicable contract fee.

Please see Appendix "Investment Options available under the contract" for a list of the current Dual Direction Segment Types.

*Dual Direction Segment example:* For the S&P 500 Price Return Index Dual Direction/6 year/-10% Segment Type, a Segment could be established as S&P 500 Price Return Index Dual Direction/6 year/-10% with a 90% Performance Cap Rate and a 105% Participation Rate for a Select contract. This means that you will participate in the performance of the S&P 500 Price Return Index for six years starting from the Segment Start Date. The following examples assume no withdrawals. If the Index performs positively during this period, your Segment Rate of Return could be as much as 81% after deducting a Contract Fee that is applied cumulatively for a 6 year Segment (the cumulative Contract Fee over 6 years is 7.5% for Series B and 9.0% for Select) for that Segment Duration (81% = 90% Performance Cap Rate - 9.0% cumulative Contract Fee). If the Index performs negatively but not more negatively than the Segment Buffer during this period, at maturity your Segment Rate of Return will be equal to the absolute value of the Index's negative performance minus the Contract Fee. This means that if the Index performs negatively down to and including -10%, your Segment Rate of Return will be from -9% (-9% = 0% - 9%) to 1% (1% = 10% - 9%). If the Index performs more negatively than the Segment Buffer, your Segment Rate of Return will be negative equal to the percentage loss in the Index which exceeds the Segment Buffer minus the Contract Fee. If the Index is flat (0% return), your Segment Rate of Return will be -9% (-9% = 0% - 9%). **Please note:** The absolute value of a number is simply that number without regard to it being positive or negative (e.g., without regard to its mathematical sign). For example, the absolute value of -3 is 3. Therefore, for purposes of the Segment Rate of Return calculation, the absolute value of the Index Performance Rate is simply the Index Performance Rate without regard to its mathematical sign (e.g., the absolute value of a -3% Index Performance Rate is 3%). Please note: The Participation Rate applies to positive Index Performance Rates. If the Index Performance Rate is negative, we will not apply a Participation Rate even though we calculate the Segment Rate of Return using the absolute value of a negative Index Performance Rate. If the Index Performance Rate is more negative than the Segment Buffer, the Segment Rate of Return will be negative to the extent of the percentage exceeding the Segment Buffer minus the Contract Fee. See Appendix "Segment Maturity Value Calculation Examples" for examples showing the Segment Maturity Value calculation.

Dual Direction Segments will generally have lower Performance Cap Rates than Standard Segments with the same Index, Segment Duration and Segment Buffer. This is because the Segment Rate of Return for Dual Direction Segments is equal to the absolute value of the Index Performance Rate for certain negative returns.

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***Dual Step Up Segments.*** For Dual Step Up Segments, the Segment Rate of Return is calculated as follows:

---

| | |
|:---|:---|
| **If the Index Performance Rate:** | **Your Segment Rate of Return<br>will be:** |
| is greater than zero | equal to the Performance Cap Rate<br> minus the cumulative Contract Fee |
| is between zero and the Segment Buffer (or equal to either) | equal to the Performance Cap Rate<br> minus the cumulative Contract Fee |
| is negative by a percentage greater than<br> the Segment Buffer | negative, equal to the extent of the percentage exceeding the Segment Buffer<br> minus the cumulative Contract Fee |

---

**Please note:** Because of the way Segment Rate of Return is calculated for Dual Step Up Segments, when the Index Performance Rate is near the Segment Buffer, a very small difference in the Index Performance Rate on the Segment Maturity Date can result in a very different Segment Rate of Return. For example, if the Performance Cap Rate is 10.00%, the Segment Buffer is -10% and the Index Performance Rate is -10.00% on the Segment Maturity Date, the Segment Rate of Return would be 10.00% minus the applicable Contract Fee whereas, if the Index Performance Rate is -10.01% on the Segment Maturity Date the Segment Rate of Return is -0.01% minus the applicable Contract Fee.

Please see Appendix "Investment Options available under the contract" for a list of the current Dual Step Up Segment Types.

*Dual Step Up Segment example:* For the S&P 500 Price Return Index Dual Step Up/1 year/-10% Segment Type, a Segment could be established as S&P 500 Price Return Index Dual Step Up/1 year/-10% with a 10% Performance Cap Rate for a Select contract. This means that you will participate in the performance of the S&P 500 Price Return Index for one year starting from the Segment Start Date. The following examples assume no withdrawals. If the Index performs equal to or better than the Segment Buffer, your Segment Rate of Return will be 8.5% after deducting a Contract Fee (the Contract Fee is 1.25% for Series B and 1.5% for Select) for that Segment Duration (8.5% = 10% Performance Cap Rate - 1.5% Contract Fee). This means if the Index performs negatively down to and including -10%, then your Segment Rate of Return will be 8.5% (8.5% = 10% - 1.5%). If the Index performs more negatively than the Segment Buffer, your Segment Rate of Return will be negative equal to the percentage loss in the Index which exceeds the Segment Buffer minus the Contract Fee. See Appendix "Segment Maturity Value Calculation Examples" for examples showing the Segment Maturity Value calculation.

**Dual Step Up Segments will generally have lower Performance Cap Rates than Standard Segments with the**

 **same Index, Segment Duration and Segment Buffer.** This is because the Segment Rate of Return for Dual Step Up Segments is equal to the Performance Cap Rate for certain lower and negative returns.

***Dual Step Tier Segments.*** For Dual Step Tier Segments, the Segment Rate of Return is calculated as follows:

---

| | |
|:---|:---|
| **If the Index Performance Rate:** | **Your Segment Rate of Return<br>will be:** |
| multiplied by the Participation Rate exceeds the Performance Cap Rate | equal to the Performance Cap Rate<br> minus the cumulative Contract Fee |
| multiplied by the Participation Rate is positive but less than or equal to the Performance Cap Rate and greater than the Step Rate | equal to the Index Performance Rate <br> minus the cumulative Contract Fee |
| multiplied by the Participation Rate is between the Step Rate and zero (or equal to either) | equal to the Step Rate<br> minus the cumulative Contract Fee |
| is negative by a percentage equal to or less than the Segment Buffer | equal to the Step Rate<br> minus the cumulative Contract Fee |
| is negative by a percentage greater than the Segment Buffer | negative, equal to the extent of the percentage exceeding the Segment Buffer<br> minus the cumulative Contract Fee |

---

Dual Step Tier Segments use a Step Rate to calculate the Segment Rate of Return.

**Please note:** Because of the way Segment Rate of Return is calculated for Dual Step Tier Segments, when the Index Performance Rate is near the Segment Buffer, a very small difference in the Index Performance Rate on the Segment Maturity Date can result in a very different Segment Rate of Return. For example, if the Step Rate is 9%, the Segment Buffer is -10% and the Index Performance Rate is -10.00% on the Segment Maturity Date, the Segment Rate of Return would be 9% (less the Contract Fee) whereas, if the Index Performance Rate is -10.01% on the Segment Maturity Date the Segment Rate of Return is -0.01% (less the Contract Fee).

Please see Appendix "Investment Options available under the contract" for a list of the current Dual Step Tier Segment Types.

*Dual Step Tier Segment example*: For the S&P 500 Price Return Index Dual Step Tier/1 year/-10% Segment Type, a Segment could be established as S&P 500 Price Return Index Dual Step Tier/1 year/-10% with a 20% Performance Cap Rate, 100% Participation Rate, and 10% Step Rate for a Select contract. This means that you will participate in the performance of the S&P 500 Price Return Index for one year starting from the Segment Start Date. If the Index performs better than the 20% Performance Cap Rate, your Segment Rate of Return will be 18.5% after deducting a Contract Fee (the Contract Fee is 1.25% for Series B and 1.5% for Select) for that Segment Duration (18.5% = 20% Performance Cap Rate - 1.5% Contract Fee). If the Index performs better

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than the 10% Step Rate but less than (or equal to) the 20% Performance Cap Rate, your Segment Rate of Return will be equal to the Index Performance Rate minus the 1.5% Contract Fee for that Segment Duration. If the Index performs better than (or equal to) the -10% Segment Buffer but less than (or equal to) the 10% Step Rate, your Segment Rate of Return will be equal to the 10% Step Rate minus the 1.5% Contract Fee for that Segment Duration, which would be 8.5%. If the Index performs more negatively than the -10% Segment Buffer, your Segment Rate of Return will be negative equal to the percentage loss in the Index which exceeds the -10% Segment Buffer minus the 1.5% Contract Fee. See Appendix "Segment Maturity Value Calculation Examples" for examples showing the Segment Maturity Value calculation.

The current Step Rates, including the applicable Step Rates for Segments selected on your application, are announced at least one week before the Segment Start Date and are incorporated into this Prospectus by reference from www.equitable.com/scspremier. The Step Rate for each Dual Step Tier Segment will not change throughout the Segment Duration. The Step Rate for the same Segment may vary between owners but will never be less than 1%. Since Step Rates are announced online at least one week before the Segment Start Date, you should consider any differences in the Step Rates when deciding which contract series to purchase. The Step Rate is set at our sole discretion. Please note that the Step Rate is a cumulative rate of return from the Segment Start Date to the Segment Maturity Date. It is not an annual rate, even if the Segment Duration is longer than one year.

***Best Entry Segments.*** For Best Entry Segments, the Segment Rate of Return is calculated as follows:

---

| | |
|:---|:---|
| **If the Index Performance Rate:** | **Your Segment Rate of Return<br>will be:** |
| multiplied by the Participation Rate exceeds the Performance Cap Rate | equal to the Performance Cap Rate<br> minus the cumulative Contract Fee |
| multiplied by the Participation Rate is positive but less than or equal to the Performance Cap Rate | equal to the Index Performance Rate multiplied by the Participation Rate<br> minus the cumulative Contract Fee |
| is flat or negative by a percentage equal to or less than the Segment Buffer | equal to 0%<br> minus the cumulative Contract Fee |
| is negative by a percentage greater than the Segment Buffer | negative, equal to the extent of the percentage exceeding the Segment Buffer<br> minus the cumulative Contract Fee |

---

Best Entry Segments, like other Segments, measure your Index Performance Rate to ultimately determine your Segment Maturity Value. With other Segment Types, your Index Performance Rate starting Index value is locked in on the Segment Start Date and, therefore, if there is a market downturn after the Segment Start Date, depending on the

Segment Type you select, your gains could be less and your losses could be greater on the Segment Maturity Date then if there was no downturn. Best Entry Segments, on a limited basis, can help reduce this risk.

Best Entry Segments start on the Segment Start Date, just like all other Segments. However, with Best Entry Segments, we compare the Index's value on each observation day (the first four monthiversaries of the Segment Start Date) to the value on the Segment Start Date and whichever date has the lowest Index value becomes the Best Entry Date. We then determine the Best Entry Index Starting Value which is the greater of the Index's value at the close of business on the Best Entry Date or 80% of the Index's value at the close of business on the Segment Start Date (this 80% threshold is also referred to as the "Best Entry Reset Limit" in certain documents). **Please note: For Best Entry Segments, we use the Best Entry Index Starting Value to calculate the Index Performance Rate on the Segment Maturity Date and the Best Entry Index Starting Value is the greater of the Index's value at the close of business on the Best Entry Date or 80% of the Index value at the close of business on the Segment Start Date.**

For example, assume that the following:

---

| | |
|:---|:---|
| **Date** | **Index Value** |
| May 1<sup>st</sup> (Segment Start Date) | 1000 |
| June 1<sup>st</sup> | 900 |
| July 1<sup>st</sup> | 500 |
| August 1<sup>st</sup> | 1200 |
| September 1<sup>st</sup> | 1500 |

---

Based on the above, the Best Entry Date would be July 1<sup>st</sup>, and the Best Entry Starting Value would be 800 (500 < 80%\*1,000).

Please see Appendix "Investment Options available under the contract" for a list of the current Best Entry Segment Types.

*Best Entry Segment example*: For the S&P 500 Price Return Index Best Entry/6 year/-10% Segment Type, a Segment could be established as S&P 500 Price Return Index/6 year/-10% with a 60% Performance Cap Rate for a Select contract. This means that you will participate in the performance of the S&P 500 Price Return Index for approximately six years starting from the Best Entry Date using the Best Entry Value. If the Index performs positively during this period, your Segment Rate of Return could be as much as 51% after deducting a Contract Fee that is applied cumulatively for a 6 year Segment (the cumulative Contract Fee over 6 years is 7.5% for Series B and 9.0% for Select) for that Segment Duration (51% = 60% Performance Cap Rate - 9% cumulative Contract Fee). If the Index performs negatively during this period, at maturity you will be protected from the first 10% of the Index's decline. If the Index performance is between -10% and 0%, your Segment Maturity Value on the Segment Maturity Date will be equal to -9% (-9% = 0% - 9%). If the Index Performance Rate is more negative than the Segment Buffer, the Segment Rate of Return will be negative to the extent of the percentage exceeding the

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Segment Buffer minus the Contract Fee. See Appendix "Segment Maturity Value Calculation Examples" for examples showing the Segment Maturity Value calculation.

**Best Entry Segments will generally have lower Performance Cap Rates and/or Participation Rates than Standard Segments with the same Index, Segment Duration and Segment Buffer.** This is because Best Entry Segments use a Best Entry Index Starting Value to calculate the Index Performance Rate. Please note that the Performance Cap Rate and Segment Rate of Return for Best Entry Segments are cumulative rates of return from the Segment Start Date to the Segment Maturity Date. They are NOT annual rates, even if the Segment Duration is longer than one year.

The Indices are described in more detail below, under the heading "Indices."

***Performance Cap Rate, Participation Rate, and Step Rate***

The Performance Cap Rate, Participation Rate, and Step Rate are set at our sole discretion. In determining the current Performance Cap Rate, Participation Rate, and Step Rate for a Segment Type, we consider, among other factors, the Segment Rate of Return calculation method, the cost of hedging instruments, the Segment Buffer for the Segment Type, crediting rates offered by our competitors, and the current market environment. In general, the Performance Cap Rates, Participation Rates, and Step Rates will be lower for Segment Types that offer greater protection from negative returns or additional enhancements to positive returns. Before selecting a Segment for investment, you should consider whether the current Performance Cap Rate, Participation Rate, and Step Rate is acceptable to you in return for the protection from negative returns or enhancements to positive returns that may be applied at the end of the Segment Duration for that Segment Type.

The current Performance Cap Rates, as well as the current Participation Rates and current Step Rates (which are discussed below), including those applicable rates for Segments selected on your application, are announced at least one week before the Segment Start Date and are incorporated into this Prospectus by reference from www.equitable.com/scspremier. The Performance Cap Rate, Participation Rate, and Step Rate (if applicable) for each Segment will not change throughout the Segment Duration. The Performance Cap Rate, Participation Rate, and Step Rate for the same Segment may vary between owners but will never be less than the applicable minimum Performance Cap Rate, Participation Rate, and Step Rate. Since Performance Cap Rates, Participation Rate, and Step Rate are announced online at least one week before the Segment Start Date, you should consider any differences in the Performance Cap Rates, Participation Rates, and Step Rates when deciding which contract series to purchase.

***Performance Cap Rate.*** The Performance Cap Rate is generally the highest Index Performance Rate that can be used to calculate the Segment Rate of Return on the Segment Maturity Date for positive Index Performance Rates. The Performance Cap Rate may limit your participation in any

increases in the underlying Index associated with a Segment. For example, if the Index return is 12% and the Performance Cap Rate is 4% and the Participation Rate is 100%, we will generally credit 4% minus the applicable Contract Fee in interest on the Segment Maturity Date, meaning your Segment Investment will increase by 4% minus the applicable Contract Fee.

**The Performance Cap Rates we set will limit the amount you can earn on a Segment. Our minimum Performance Cap Rate for 6 year Segment Types is 12% (2% for 1 year Segments). We will not open a Segment with a Performance Cap Rate below the applicable minimum rate.** 

**Please note that the Performance Cap Rate and Segment Rate of Return are cumulative rates of return from the Segment Start Date to the Segment Maturity Date, NOT annual rates, even if the Segment Duration is longer than one year.** 

***Participation Rate.*** If there is a Participation Rate, it is multiplied by positive Index Performance Rates when determining the Segment Rate of Return. For example, if the Index return is 5%, the Performance Cap Rate is 7%, and the Participation Rate is 105%, we will credit 5.25% (less the Contract Fee) in interest on the Segment Maturity Date. **The minimum Participation Rate is 100%**. **We will not open a Segment with a Participation Rate below the minimum rate.** The Participation Rate is currently at least 100% for all Segments. Certain Standard and Dual Direction Segments may have Participation Rates in excess of 100% for positive Index Performance Rates that vary from Segment to Segment and which will be provided alongside the Performance Cap Rates for those Segments at least one week before the Segment Start Date and are incorporated into this Prospectus by reference from www.equitable.com/scspremier. Enhanced Upside Segments currently have a Participation Rate of 125% which will not vary from Segment to Segment. You will receive advance notice if any additional Segments Options or Segment Types may have Participation Rates in excess of 100% for positive Index Performance Rates. The Participation Rate for a Segment will not change during that Segment's duration. The Participation Rate is not an annual rate of return.

***Step Rate.*** A Step Rate is applicable to all Dual Step Tier Segments. If there is a positive or negative Index return that is between the Step Rate and the Buffer, we will apply the Step Rate to determine how much to credit in interest on the Segment Maturity Date (less the Contract Fee). For example, if the Step Rate for a Dual Step Tier Segment is 3%, the Participation Rate is 100%, the Buffer is -10%, and the Index return is -5%, we will credit 3% (less the Contract Fee) in interest on the Segment Maturity Date, meaning your Segment Investment will increase by 3% (less the Contract Fee). **The minimum Step Rate is 1%**. **We will not open a Segment with a Step Rate below the minimum rate.** The current Step Rate for each Dual Step Tier Segment, including the applicable Performance Cap Rates for Dual Step Tier Segments selected on your application, are announced at

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least one week before the Segment Start Date and are incorporated into this Prospectus by reference from www.equitable.com/scspremier. The Step Rate for each Segment will not change throughout the Segment Duration. The Step Rate for the same Segment may vary between owners but will never be less than the applicable minimum Step Rate. Since Step Rates are announced online at least one week before the Segment Start Date, you should consider any differences in the Step Rates when deciding which contract series to purchase.

***Rate Hold***

On the application, you can elect to temporarily "hold" the Performance Cap Rates, Step Rates and participation rates in effect on the business day we receive your paper application at our administrative processing office. This hold applies to all amounts invested in Segments on or before the Segment Start Date that is on or immediately following 30 days after the application received date (this expiration date is called the "Rate Hold Expiration Date" in the contract). A Rate Hold does not guarantee you will receive better rates than other owners investing in the same Segments. Electing a Rate Hold may even result in you receiving worse rates than other owners investing in the same Segments. Once elected, you cannot cancel a Rate Hold.

***Segment Buffer***

The SIO provides some protection against negative returns on the Segment Maturity Date through the use of a Segment Buffer. The extent of the downside protection provided by the Segment Buffer varies by Segment, ranging from the first 10% to 40% of loss. **There is a risk of a substantial loss of your principal and previously credited interest because you agree to absorb all losses to the extent they exceed the applicable Segment Buffer on the Segment Maturity Date.** For example, if the Index return is -25% and the Segment Buffer is -10%, we will credit -15% (the amount that exceeds the Segment Buffer) minus the Contract Fee in interest on the Segment Maturity Date, meaning your Segment Investment will decrease by 15% minus the Contract Fee.

The Segment Buffer for each Segment will not change throughout the Segment Duration. See Appendix: "Investment Options available under the contract" for the current Segment Buffer for each Segment Type. **We will always offer a Segment Option with a Segment Buffer that protects the first 10% of loss. In the future, we may offer other Segment Options that do not provide any downside protection which would mean there is a risk of loss of the entire amount invested.**

The Segment Buffer is set at our sole discretion. In determining the current Segment Buffer for a Segment Type, we consider, among other factors, the Segment Rate of Return calculation method, the cost of hedging instruments, the range of Performance Cap Rates that may be offered with the Segment Buffer, protection levels offered by our competitors, and the current market environment. Before selecting a Segment for investment, you should consider whether the Segment Buffer is

consistent with your risk tolerance and investment goals for the Segment Duration of the Segment Type.

**On a Segment Maturity Date, the highest level of protection provided by a Segment Buffer is the -40% Segment Buffer and lowest level of protection provided by a Segment Buffer is the -10% Segment Buffer.**

***Indices***

Each Segment Type references an Index that determines the performance of its associated Segments. We currently offer Segment Types based on the performance of securities indices. Throughout this Prospectus, we refer to these indices using the term "Index" or, collectively, "Indices." Not all Indices may be available under your contract. Please see Appendix "State contract availability and/or variations of certain features and benefits" in this Prospectus.

***Securities Indices.*** The following securities Indices are currently available:

*S&P 500 Price Return Index.* The S&P 500 Price Return Index was established by Standard & Poor's. The S&P 500 Price Return Index includes 500 leading companies in leading industries of the U.S. economy, capturing 75% 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, which will reduce Index performance. Additional information about the Index may be found in Appendix: Index Publishers. If you would like to request additional information about the Index, contact the customer service group or your financial professional.

*Russell 2000<sup>®</sup> Price Return Index.* The Russell 2000<sup>®</sup> Price Return Index was established by Russell Investments. The Russell 2000<sup>®</sup> Price Return Index measures the performance of the small-cap segment of the U.S. equity universe. The Russell 2000<sup>®</sup> Price Return Index is a subset of the Russell 3000<sup>®</sup> 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<sup>®</sup> Price Return Index does not include dividends declared by any of the companies included in this Index, which will reduce Index performance. Additional information about the Index may be found in Appendix: Index Publishers. If you would like to request additional information about the Index, contact the customer service group or your financial professional.

*MSCI EAFE Price Return Index*. The MSCI EAFE Price Return Index was established by MSCI. The MSCI EAFE Price Return Index is a free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the US and Canada. As of the date of this Prospectus the MSCI EAFE Price Return Index consisted of the following 22 developed market country indices: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and the United Kingdom. The MSCI EAFE Price Return Index does not include dividends declared by any of the companies included in this Index, which will reduce Index performance. Additional information about the Index may be found in Appendix: Index Publishers. If you would like to request

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additional information about the Index, contact the customer service group or your financial professional.

*NASDAQ-100 Price Return Index*. The NASDAQ-100 Price Return Index includes securities of 100 of the largest domestic and international non-financial companies listed on The NASDAQ Stock Market based on market capitalization. The Index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology. It does not contain securities of financial companies including investment companies. The NASDAQ-100 Price Return Index does not include dividends declared by any of the companies included in this Index, which will reduce Index

performance. Additional information about the Index may be found in Appendix: Index Publishers. If you would like to request additional information about the Index, contact the customer service group or your financial professional.

The bar charts shown below provide each Index's annual returns for the last 10 calendar years (or for the life of the Index if less than 10 years), as well as the Index returns after applying a hypothetical 5% Performance Cap Rate and a hypothetical -10% Segment Buffer. The chart illustrates the variability of the returns from year to year and shows how hypothetical limits on Index gains and losses may affect these returns. Past performance is not necessarily an indication of future performance.

**The performance below is NOT the performance of** ***any*** **Segment of the SIO. Your performance under the contract will differ, perhaps significantly. The performance below may reflect a different return calculation, time period, and limit on Index gains and losses than the Segments of the SIO, and does not reflect contract fees and charges, including withdrawal charges and negative Segment Interim Value adjustments, which reduce performance.**![LOGO](g73435g10k06.jpg)

![LOGO](g73435g18k18.jpg)

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![LOGO](g73435g10k19.jpg)

![LOGO](g73435g20k20.jpg)

\* The Index is a "price return" index, not a "total return" index, and therefore the performance of the Index does not reflect dividends declared by any of the companies included in the Index, reducing the Index return. As a result, the Index will underperform a direct investment in the securities composing the Index. 

***Effect of an emergency close.*** Segments are scheduled to mature and new Segments start on Segment Transaction Dates. It is possible that an Index could be affected by an emergency close on a Segment Transaction Date, thereby affecting the Index's ability to publish a price and our ability to mature and start Segments based on the affected Index. Emergency closes can have two consequences.

1. If the NYSE experiences an emergency close and Indices cannot publish prices, we will delay the maturity and start of all
Segments for all Indices.

2. If any Index not on the NYSE experiences an emergency close and cannot publish a price, we will use the most recent
closing price for that Index.

If the conditions that cause an emergency close of the NYSE persist, we will use reasonable efforts to calculate the Segment Maturity Value of any affected Segments. If the affected Index cannot be priced within eight days, we will contact a calculating agency, normally a bank we have a contractual relationship with, which will determine a price to reflect a reasonable estimate of the Index level.

***Suspension, Termination and Changes to Segment Types and Indices***

We may decide at any time until the close of business on each Segment Start Date whether to offer any or all of the Segment Types described in this Prospectus on a Segment Start Date for a particular Segment. We may suspend a Segment Type for a week, month or a period of several months, or we may terminate a Segment Type entirely.

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If a Segment Type is suspended, your account value will remain in the Segment Type Holding Account until a Segment of that Segment Type is offered or you transfer out of the Segment Type Holding Account. We will provide you with written confirmation when money is not transferred from a Segment Type Holding Account into a Segment due to the suspension of a Segment Type.

If a Segment Type is terminated, your account value in the corresponding Segment Type Holding Account will be transferred into the GIO on the day that would have been the Segment Start Date.

We have the right to substitute an alternative index prior to Segment maturity if the publication of one or more Indices is discontinued, or if we no longer have a license agreement with the publishers of the Index, or at our sole discretion we determine that our use of such Indices should be discontinued because hedging instruments become difficult to acquire or the cost of hedging becomes expensive, or if the calculation of one or more of the Indices is substantially changed. We would attempt to choose a substitute index that has a similar investment objective and risk profile to the replaced index. For example, if the Russell 2000<sup>®</sup> Index were not available, we might use the NASDAQ Composite Index.

We also have the right to add additional Indices under the contract at any time. We would provide notice about the use of additional or alternative Indices, as soon as practicable, in a supplement to this Prospectus. If an alternative index is used, its performance could impact the Index Performance Rate, Segment Rate of Return, Segment Maturity Value, and Segment Interim Value because it would be used to calculate performance from the Segment Start Date to the Segment Maturity Date. An alternative index would not change the Segment Buffer or Performance Cap Rate for an existing Segment. The alternative index would be used to calculate performance from the Segment Start Date to the Segment Maturity Date.

In addition, we reserve the right to use any or all reasonable methods to end any outstanding Segments that use such Indices. If a similar index cannot be found, we will end the affected Segments prematurely by applying the Segment Performance Cap Rate and Segment Buffer to the actual gains or losses on the original Index as of the date of termination.

**We reserve the right to offer any or all Segment Types more or less frequently than we have been or to stop offering any of them or to suspend offering any or all of them temporarily for some or all contracts**. If we stop offering or suspend certain Segment Types, each existing Segment of those Segment Types will remain invested until its respective Segment Maturity Date. In the highly unlikely event we were forced to stop offering new Segments, contract owners would be limited to transferring or contributing to the GIO. Such action would not change or limit any other rights or benefits under the contract. You could also choose to surrender your contract but you could be subject to the Segment Interim Value calculation, withdrawal charges, taxes and tax penalties, and if you purchase another retirement vehicle it may have different features, fees and risks than this

contract. If you are buying this contract for the SIO you should speak to your financial advisor as to whether this product is right for you.

**Allocating your contributions** 

Your allocation instructions determine how your contributions are allocated, which may be among one or more of the investment options. The maximum current number of active Segments, funded holding accounts and/or Segment Types with an allocation on file that may be active in your contract at any time is 167. If you have 167 active Segments, funded holding accounts and/or Segment Types with an allocation on file, you will not be able to do certain things until you no longer have that many active Segments:

• You will not be able to allocate to a new Segment or Segment Type Holding Account.

• Any account value in a Segment Type Holding Account will be transferred to the GIO on the next Segment Start Date.

• The Segment Maturity Value from a maturing Segment will not transfer into a new Segment and will instead be transferred to the GIO.

The maximum number of active Segments we allow at any one time may change and, in the future, it may be lower than the current number disclosed herein. If a transfer or contribution into a Segment will cause a contract to exceed that limit, such transfers or contribution will be defaulted to the GIO. If there are multiple Segments scheduled to be established on a Segment Start Date, new Segments will be established in the order of those that would have the largest initial Segment Investment first until the limit is reached. Any remaining amount that is not transferred into a Segment will then be defaulted to the GIO. We will notify you that your allocation instructions have exceeded the maximum number of Segments and request new instructions when the proceeds are defaulted into the GIO. Allocations must be in whole percentages and you may change your allocation percentages at any time. However, the total of your allocations must equal 100%. Once your contributions are allocated to the investment options they become part of your account value. Subsequent contributions are allocated according to instructions on file unless you provide new instructions. We discuss account value in "Determining your contract's value" later in this Prospectus.

The contract is between you and the Company. The contract is not an investment advisory account, and the Company is not providing any investment advice or managing the allocations under your contract. In the absence of a specific written arrangement to the contrary, you, as the owner of the contract, have the sole authority to make investment allocations and other decisions under the contract. Your Equitable Advisors financial professional is acting as a broker-dealer registered representative, and is not authorized to act as an investment advisor or to manage the allocations under your contract. If your financial professional is a registered representative with a broker-dealer other than Equitable Advisors, you should speak with him/her regarding any different arrangements that may apply.

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**Your right to cancel within a certain number of days** 

If for any reason you are not satisfied with your contract, you may exercise your cancellation right under the contract to receive a refund. To exercise this cancellation right, you must notify us with a signed letter of instruction electing this right, to our processing office within 10 days after you receive your contract. If state law requires, this "free look" period may be longer. Other state variations may apply. Please contact your financial professional and/or see Appendix "State contract availability and/or variations of certain features and benefits" to find out what applies in your state.

Generally, your refund will equal your contributions. Some states, however, require that we refund your account value under the contract on the day we receive written notification of your decision to cancel the contract and will reflect any investment gain or loss in the investment options (less the daily charges we deduct) through the date we receive your contract. This includes the Segment Interim Value for amounts allocated to existing Segments. **The Segment Interim Value calculation may reduce the amount of account value paid upon contract cancellation. For more information, see "Adjustments with respect to early distributions from Segments" in "Charges, Expenses, and Adjustments"** in this prospectus. In addition, in some states, the amount of your refund (either your account value or the full amount of your contributions), and the length of your "free look" period, depend on whether you purchased the contract as a replacement. Please refer to your contract or supplemental materials or contact us for more information. For any IRA contract returned to us within seven days after you receive it, we are required to refund the full amount of your contribution.

We may require that you wait six months before you may apply for a contract with us again if:

• you cancel your contract during the free look period; or

• you change your mind before you receive your contract whether we have received your contribution or not.

Please see "Tax information" later in this Prospectus for possible consequences of cancelling your contract.

If you fully convert an existing traditional IRA contract to a Roth IRA contract, you may cancel your Roth IRA contract and return to a traditional IRA contract. Our processing office, or your financial professional, can provide you with the cancellation instructions.

In addition to the cancellation right described above, you have the right to surrender your contract, rather than cancel it. Please see "Surrendering your contract to receive its cash value" in "Accessing your money" later in this Prospectus. Surrendering your contract may yield results different than canceling your contract, including a greater potential for taxable income. In some cases, your cash value upon surrender may be greater than your contributions to the contract. Please see "Tax information," later in this Prospectus.

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**2.** Benefits available under the contract

**Summary of Benefits** 

The following tables summarize important information about the benefits available under the contract.

***Death Benefits***

These death benefits are available during the accumulation phase:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Name of Benefit** | **Purpose** | **Standard/**<br> **Optional** | **Annual Fee** | **Annual Fee** | **Brief Description of Restrictions/<br>Limitations** |
| &nbsp;&nbsp;&nbsp;**Name of Benefit** | **Purpose** | **Standard/**<br> **Optional** | **Max** | **Current** | **Brief Description of Restrictions/<br>Limitations** |
| &nbsp;&nbsp;&nbsp;Standard Death Benefit | Guarantees beneficiaries will receive a benefit equal to your account value. | Standard | No Additional<br>Charge | No Additional<br>Charge | &nbsp;&nbsp;&nbsp;&nbsp;• Available only at contract purchase<br> &nbsp;&nbsp;&nbsp;&nbsp;• Available to contract holder age 76 and older<br> &nbsp;&nbsp;&nbsp;&nbsp;• Payment of a Death Benefit from a Segment before the end of the term could significantly reduce the value of the Death Benefit due to the Segment Interim Value adjustment |
| &nbsp;&nbsp;&nbsp;Return of Premium Death Benefit | Guarantees beneficiaries will receive a benefit at least equal to the greater of your account value or your contributions less adjusted withdrawals. | Standard | No Additional<br>Charge | No Additional<br>Charge | &nbsp;&nbsp;&nbsp;&nbsp;• Available only at contract purchase<br> &nbsp;&nbsp;&nbsp;&nbsp;• Available only to contract holder age 75 or younger<br> &nbsp;&nbsp;&nbsp;&nbsp;• Withdrawals could significantly reduce or terminate the benefit<br> &nbsp;&nbsp;&nbsp;&nbsp;• Generally no additional contributions are permitted under the contract after age 75<br> &nbsp;&nbsp;&nbsp;&nbsp;• Payment of a Death Benefit from a Segment before the end of the term could significantly reduce the value of the Death Benefit due to the Segment Interim Value adjustment |
| &nbsp;&nbsp;&nbsp;Highest Anniversary Value Death Benefit | Locks in highest adjusted anniversary account value as minimum death benefit. | Optional | 0.25%<sup>(1)</sup> | 0.25%<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;• Available only to contract holder age 75 or younger<br> &nbsp;&nbsp;&nbsp;&nbsp;• Withdrawal could significantly reduce or terminate benefit<br> &nbsp;&nbsp;&nbsp;&nbsp;• Generally no additional contributions are permitted under the contract after age 75<br> &nbsp;&nbsp;&nbsp;&nbsp;• If elected, you will not get the Return of Premium Death Benefit<br> &nbsp;&nbsp;&nbsp;&nbsp;• Payment of a Death Benefit from a Segment before the end of the term could significantly reduce the value of the Death Benefit due to the Segment Interim Value adjustment |
| &nbsp;&nbsp;&nbsp;Greater of Death Benefit | Guarantees the beneficiaries will receive the Greater of benefit base. | Optional | 0.75%<sup>(1)</sup> | 0.75%<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;• Available only to contract holder age 75 or younger<br> &nbsp;&nbsp;&nbsp;&nbsp;• Withdrawals could significantly reduce or terminate benefit<br> &nbsp;&nbsp;&nbsp;&nbsp;• Generally no additional contributions are permitted under the contract after age 75<br> &nbsp;&nbsp;&nbsp;&nbsp;• If elected, you will not get the Return of Premium Death Benefit<br> &nbsp;&nbsp;&nbsp;&nbsp;• Payment of a Death Benefit from a Segment before the end of the term could significantly reduce the value of the Death Benefit due to the Segment Interim Value adjustment |

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(1) Expressed as an annual percentage of the applicable benefit base.

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***Other Benefits***

These other benefits are available during the accumulation phase:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Name of Benefit** | **Purpose** | **Standard/**<br> **Optional** | **Annual Fee** | **Annual Fee** | **Brief Description of Restrictions/Limitations** |
| &nbsp;&nbsp;&nbsp;**Name of Benefit** | **Purpose** | **Standard/**<br> **Optional** | **Max** | **Current** | **Brief Description of Restrictions/Limitations** |
| &nbsp;&nbsp;&nbsp;General Dollar Cap Averaging | Transfer account value to selected Segments on a regular basis to potentially reduce the impact of market volatility. | Optional | No Charge | No Charge | &nbsp;&nbsp;&nbsp;&nbsp;• $25,000 minimum to begin program<br> &nbsp;&nbsp;&nbsp;&nbsp;• Cannot be elected if rate hold is elected |
| &nbsp;&nbsp;&nbsp;Special Dollar Cap Averaging | Transfer account value to Segments on a regular basis to potentially reduce the impact of market volatility. | Optional | No Charge | No Charge | &nbsp;&nbsp;&nbsp;&nbsp;• $25,000 minimum to begin program<br> &nbsp;&nbsp;&nbsp;&nbsp;• Cannot be elected if rate hold is elected<br> &nbsp;&nbsp;&nbsp;&nbsp;• Only available for Series B contracts<br> &nbsp;&nbsp;&nbsp;&nbsp;• Must be elected at contract purchase<br> &nbsp;&nbsp;&nbsp;&nbsp;• Only contributions received during the first 3 or 6 months, as applicable, are eligible |

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**Death Benefits** 

The standard death benefit is equal to the account value as of the date we receive satisfactory proof of the owner's death, any required instructions for the method of payment, and all information and forms necessary to effect payment. You will receive this death benefit if you are 76 or older when you purchase this contract. There is no additional charge for this benefit.

Withdrawals could reduce the standard death benefit and the Guaranteed Minimum Death Benefits by substantially more than the amount of the withdrawal and could significantly reduce the death benefit. Amounts withdrawn from a Segment before the Segment Maturity Date to pay the death benefit will reflect the Segment Interim Value calculation.

**Guaranteed Minimum Death Benefits** 

At issue, you may elect the Highest Anniversary Value Death Benefit for an additional charge (the charge for this benefit is 0.25%) or the Greater of Roll-Up or Highest Anniversary Value Death Benefit for an additional charge (the charge for this benefit is 0.75%) or receive the Return of Premium Death Benefit at no additional charge with your contract if you are 75 or younger (you receive the account value death benefit if you are 76 or older) on the contract issue date. If you elect the Highest Anniversary Value Death Benefit or Greater of Roll-Up or Highest Anniversary Value Death Benefit, the Return of Premium Death Benefit will not be included with your contract.

***Return of Premium Death Benefit.*** At issue, you will receive the Return of Premium Death Benefit if you are 75 or younger for no additional charge. The Return of Premium Death Benefit is equal to the greater of your account value on the date we receive all necessary paperwork to pay the death claim and the Return of Premium benefit base on the date of death of the owner (or surviving joint owner, if applicable) less any subsequent withdrawals. This benefit is not available if the owner (or older joint owner, if applicable) is over 75. The Return of Premium benefit base is not an account value or cash value.

The Return of Premium benefit base is equal to your initial contribution and any subsequent contributions to the contract less a deduction that reflects any withdrawals you make from the contract (including any withdrawal charges) and prior Segment Interim Value adjustments.

If you take a withdrawal, the Return of Premium benefit base will be reduced on a pro rata basis (including any applicable withdrawal charges). Reduction on a pro rata basis means that we calculate the percentage of your account value that is being withdrawn and we reduce your Return of Premium benefit base by the same percentage. See "How Withdrawals Affect your Guaranteed Minimum Death Benefits" for an example.

If the Return of Premium Death Benefit is in effect, then subsequent contributions are not permitted once the owner (or older joint owner, if applicable) turns 76 (or the first contract date anniversary if later).

Please note: This benefit terminates upon annuitization.

***Highest Anniversary Value Death Benefit.*** At issue, you can elect the Highest Anniversary Value Death Benefit for an additional charge. The Highest Anniversary Value Death Benefit is equal to the greater of your account value on the date we receive all necessary paperwork to pay the death claim and the Highest Anniversary Value benefit base on the date of death of the owner (or surviving owner, if applicable) less any subsequent withdrawals. This benefit is not available if the owner (or older joint owner, if applicable) is over 75. The Highest Anniversary Value benefit base is not an account value or cash value.

The calculation of your Highest Anniversary Value benefit base will depend on whether you have taken a withdrawal.

If you have not taken a withdrawal, the Highest Anniversary Value benefit base is equal to the greater of (i) your initial contribution plus any subsequent contributions or (ii) the highest account value on any contract date anniversary up to the contract date anniversary on or immediately following the contract maturity date.

If you take a withdrawal, the Highest Anniversary Value benefit base will be reduced on a pro rata basis (including any applicable withdrawal charges). Reduction on a pro rata basis means that we calculate the percentage of your account value that is being withdrawn and we reduce your Highest Anniversary Value benefit base by the same percentage. See "How Withdrawals Affect your Guaranteed Benefits" for an example. At any time after a withdrawal, the Highest Anniversary Value benefit base is equal to the greater of (i) the Highest Anniversary Value benefit base immediately following the most recent withdrawal or (ii) the

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highest account value on any contract date anniversary after the withdrawal up to the contract date anniversary on or immediately following the contract maturity date.

If the Highest Anniversary Value Death Benefit is elected, then subsequent contributions are not permitted once the owner (or older joint owner, if applicable) turns 76 (or the first contract date anniversary if later).

A pro rata portion of the Highest Anniversary Value death benefit charge will be deducted if the death benefit is paid on any date other than a contract date anniversary.

Please note: This benefit terminates upon annuitization.

***Greater of Roll-Up or*** ***Highest Anniversary Value ("Greater of") Death Benefit.*** At issue, you can elect the Greater of Death Benefit for an additional charge. The Greater of Death Benefit is equal to the greater of your account value on the date we receive all necessary paperwork to pay the death claim and the Greater of benefit base on the date of death of the owner (or surviving joint owner, if applicable) less any subsequent withdrawals. This benefit is not available if the owner (or older joint owner, if applicable) is over 75 on the contract issue date. The Greater of benefit base is not an account value or cash value.

The Greater of benefit base is equal to the greater of (1) and (2) where:

1. Highest Anniversary Value benefit base. The Highest Anniversary Value benefit base for the Greater of Death Benefit is
calculated the same as for the Highest Anniversary Value death benefit described above.

2. Roll-Up benefit base. The Roll-Up Rate used in this benefit is 5% (this is a simple rate, not a compounding rate). The
initial Roll-Up benefit base is equal to your initial contribution and thereafter will increase by the dollar amount of any subsequent contributions and by the daily Roll-Up amount (the daily Roll-Up amount is zero beginning on the earlier of the
day after the contract date anniversary following the owner's (or older joint owner's, if applicable) 85th birthday or the 30th Contract Date Anniversary. The Roll-Up benefit base will be adjusted for any withdrawals.

The daily Roll-Up amount is equal to your net contributions (the cumulative dollar amount of all contributions received as of the prior business day minus the dollar amount of all withdrawals including any applicable withdrawal charges taken as of the prior business day) multiplied by the Roll-Up Rate divided by 365. The daily Roll-Up amount is added to the Roll-Up benefit base daily starting on the business day after your contract is issued and continues until the earlier of the day after the contract date anniversary following the owner's (or older joint owner's, if applicable) 85th birthday or the 30th Contract Date Anniversary at which time the daily Roll-Up amount is zero and the benefit stops rolling up. If on any day the daily Roll-Up Amount is negative (because you have withdrawn an amount greater than your aggregate contributions) the daily Roll-Up Amount will be deemed to be zero. <br>

If you take a withdrawal (including any applicable withdrawal charges), the Roll-Up benefit base will be reduced on a pro rata basis. Reduction on a pro rata basis means that we calculate the percentage of your account value that is being withdrawn and we reduce your Roll-Up benefit base by the same percentage. See "How Withdrawals Affect your Guaranteed Minimum Death Benefit" for an example.

If the Greater of Death Benefit is elected, then subsequent contributions are not permitted once the owner (or older joint owner, if applicable) turns 76 (or the first contract date anniversary if later).

A pro rata portion of the Greater of Death Benefit charge will be deducted if the death benefit is paid on any date other than a contract date anniversary.

Please note: This benefit terminates upon annuitization.

***How withdrawals affect your Guaranteed Minimum Death Benefits***

Withdrawals (including systematic withdrawals and required minimum distributions through the date of death of the owner (or surviving owner if there are joint owners) reduce the guaranteed minimum death benefit's benefit base amount on a pro rata basis by the same proportion that the account value is reduced on the date of the withdrawal. If you take a withdrawal from your contract, you will reduce the guaranteed minimum death benefit's benefit base amount and the reduction may be greater than the amount withdrawn. For example, if your account value is $30,000 and you withdraw $12,000 (including any withdrawal charge and Highest Anniversary Value Death Benefit charge), you have withdrawn 40% of your account value. If your Highest Anniversary Value benefit base was $40,000 before the withdrawal, it would be reduced by $16,000 ($40,000 \* 40%) and your new Highest Anniversary Value benefit base after the withdrawal would be $24,000 ($40,000 – $16,000).

Withdrawals after the date of death of the owner (or surviving owner if there are joint owners) reduce the benefit base by the dollar amount your account value is reduced.

***How divorce may affect your Guaranteed Minimum Death Benefit***

If you and your spouse become divorced after you purchase a contract with a Guaranteed Minimum Death Benefit, we will not divide the Guaranteed Minimum Death Benefit as part of the divorce settlement or judgement. If you and your spouse are joint owners and you subsequently divorce, only upon submission of the necessary documentation to change the ownership of the contract to only one of the ex-spouses will we drop the other ex-spouse as a joint owner. **If the ownership is not changed before one of the ex-spouses dies, the Guaranteed Minimum Death Benefit will not be payable**. As noted earlier, the charge for the Guaranteed Minimum Death Benefit does not end on the transfer of ownership.

As a result of the divorce, you may be required to withdraw amounts from the contract to be paid to your ex-spouse. Any

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such withdrawal will reduce the Guaranteed Minimum Death Benefit amount pro rata (and therefore possibly by more than the amount withdrawn), and a withdrawal charge and the death benefit's charge may also apply.

**Payment of Death Benefits** 

***Your beneficiary and payment of benefit***

You designate your beneficiary when you apply for your contract. You may change your beneficiary at any time while you are alive and the contract is in force. The change will be effective as of the date the written request is executed, whether or not you are living on the date the change is received in our processing office. We are not responsible for any beneficiary change request that we do not receive. We will send you a written confirmation when we receive your request.

Under joint owner contracts, the surviving owner is considered the beneficiary, and will take the place of any other beneficiary. Under a contract with a non-natural owner that has joint annuitants, the surviving annuitant is considered the beneficiary, and will take the place of any other beneficiary. In a QP contract, the beneficiary must be the plan trust. Where an IRA contract is owned in a custodial individual retirement account, the custodian must be the beneficiary.

In general, if the annuitant dies, the owner will become the annuitant, and the death benefit is not payable.

***Effect of the owner's death***

In general, if the owner dies while the contract is in force, the contract terminates and the applicable death benefit is paid. For joint owner contracts, the death benefit is payable upon the death of the surviving owner.

There are various circumstances, however, in which the contract can be continued by a successor owner or under a beneficiary continuation option ("BCO"). For contracts with spouses who are joint owners, the surviving spouse will automatically be able to continue the contract under the "spousal continuation" feature or under our beneficiary continuation option, as discussed below.

If you are the sole owner, your surviving spouse beneficiary may have the option to:

• take the death benefit proceeds in a lump sum;

• continue the contract as a successor owner under "spousal continuation" (if your spouse is the sole primary beneficiary) or under our beneficiary continuation option, as discussed below; or

• roll the death benefit proceeds over into another contract.

If your surviving spouse rolls over the death benefit proceeds into a contract issued by us, the death proceeds will remain invested in this contract until your spouse's new contract is issued. The amount of the death benefit will be calculated to equal the greater of the account value (as of the date your spouse's new contract is issued) and the applicable guaranteed minimum death benefit (as of the

date of your death). This means that the death benefit proceeds could vary up or down, based on investment performance, until your spouse's new contract is issued.

For NQ contracts, if the surviving joint owner is not the surviving spouse, or, for single owner contracts, if the beneficiary is not the surviving spouse, federal income tax rules generally require payments of amounts under the contract to be made within five years of an owner's death (the "5-year rule"). In certain cases, an individual beneficiary or non-spousal surviving joint life may opt to receive payments over his/her life (or over a period not in excess of his/her life expectancy) if payments commence within one year of the owner's death. Any such election must be made in accordance with our rules at the time of death.

***Non-spousal Contract Continuation***

Any amount payable under the contract must be fully paid to the surviving joint life within five years, unless one of the exceptions described here applies. The surviving joint owner may instead elect to take an installment payout or an annuity payout option we may offer at the time under the contract, provided payments begin within one year of the deceased joint owner's death. If an annuity or installment payout is elected, the contract terminates and a supplemental contract is issued.

A surviving non-spousal joint owner can elect to (1) take a lump sum payment; (2) take an installment payout or an annuity payout option we may offer at the time under the contract within one year; (3) continue the contract for up to five years; or (4) continue the contract under the beneficiary continuation option discussed below.

If the contract continues, the guaranteed minimum death benefit and charge will then be discontinued. Withdrawal charges, if applicable under your Series B contract, will no longer apply, and no additional contributions will be permitted.

***Spousal Continuation***

For joint owner NQ contracts, when the first spouse dies no death benefit is paid, and the contract continues as follows:

• The guaranteed benefits continue.

• If the deceased spouse was the annuitant, the surviving spouse becomes the annuitant. If the deceased spouse was a joint annuitant, the contract will become a single annuitant contract.

• The withdrawal charge schedule, if applicable, remains in effect.

If you are the contract owner and your spouse is the sole primary beneficiary, your spouse may elect to continue the contract as successor owner upon your death. Spousal beneficiaries (who are not a joint life) must be<u> </u>98 or younger at the time of continuation in order to continue the contract under spousal continuation. The determination of spousal status is made under applicable state law. However, in the event of a conflict between federal and state law, we follow federal rules.

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Upon your death, the spouse beneficiary (under a single owner contract), may also elect to receive the death benefit or continue the contract under our beneficiary continuation option.

In general, withdrawal charges will no longer apply to contributions made before your death. Withdrawal charges if applicable will apply if subsequent contributions are made.

***Beneficiary Continuation Option***

This feature permits a designated individual, on the contract owner's death, to maintain a contract with the deceased contract owner's name on it and receive distributions under the contract, instead of receiving the amount payable under the contract in a single sum. We generally make this option available to beneficiaries under traditional IRA, Roth IRA and NQ contracts, subject to state availability. Depending on the beneficiary, this option may be restricted or may no longer be available due to the changes made by the Setting Every Community Up for Retirement Enhancement Act ("SECURE Act") enacted at the end of 2019. Please speak with your financial professional or see Appendix "State contract availability and/or variations of certain features and benefits" for further information.

Where an IRA contract is owned in a custodial individual retirement account, the custodian may reinvest the death benefit in an individual retirement annuity contract, using the account beneficiary as the annuitant. Depending on the beneficiary, this option may be restricted or may no longer be available due to the changes made by the SECURE Act. Please speak with your financial professional for further information.

***Beneficiary continuation option for traditional IRA and Roth IRA contracts only.*** The beneficiary continuation option must be elected by September 30th of the year following the calendar year of your death and before any other inconsistent election is made. Beneficiaries who do not make a timely election will not be eligible for this option.

Only specified individuals who are "eligible designated beneficiaries" or "EDBs" may stretch post-death payments over the beneficiary's life expectancy. See "required minimum distributions after your death" later in this Prospectus under "Tax Information." Individual beneficiaries who do not have EDB status (including beneficiaries named by the original beneficiary to receive any remaining interest after the death of the original beneficiary) must take out any remaining interest in the IRA or plan within 10 years of the applicable death. Trusts for individuals which would be considered as "see-through" trusts under the rules prior to January 1, 2020 presumably no longer qualify to elect the beneficiary continuation option, except under narrowly defined circumstances.

Under the beneficiary continuation option for IRA and Roth IRA contracts:

• The contract continues with your name on it for the benefit of your beneficiary.

• The beneficiary replaces the deceased owner as annuitant.

• This feature is only available if the beneficiary is an individual. Certain trusts with only individual beneficiaries will be treated as individuals for this purpose.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• If there is more than one beneficiary, each beneficiary's share will be separately accounted for. It will be distributed over the beneficiary's own life expectancy, if payments over life expectancy are
chosen by an EDB.

• An EDB who chooses to receive annual payments over his life expectancy should consult his tax adviser about selecting Segments that provide sufficient liquidity to satisfy the payout requirements under this option.

• The minimum amount that is required in order to elect the beneficiary continuation option is $5,000 for each beneficiary.

• The beneficiary may choose at any time to withdraw all or a portion of the account value and no withdrawal charges, if any, will apply.

• Any partial withdrawal must be at least $300.

• Your beneficiary will have the right to name a beneficiary to receive any remaining interest in the contract.

• Any guaranteed minimum death benefit will no longer be in effect.

• Upon the death of your beneficiary, the following distribution rules will apply to the subsequent beneficiary named by your beneficiary: (1) if your beneficiary is an EDB, the subsequent beneficiary must withdraw any
remaining amount within ten years of your beneficiary's death; or (2) if your beneficiary is not an EDB, the subsequent beneficiary must withdraw any remaining amount within 10 years of your death. The option elected will be processed when we
receive satisfactory proof of death, any required instructions for the method of payment and any required information and forms necessary to effect payment.

• For beneficiaries who are required to take the entire interest within 10 years, we offer our post-death automatic RMD option to help the beneficiary meet the RMD requirements if the deceased owner died on or after the
Required Beginning Date. We calculate post-death RMD payments using the beneficiary's life expectancy determined in accordance with IRS tables. Instead of electing our post-death automatic RMD option, your beneficiary may choose to calculate
the required amount themselves and request partial withdrawals. Regardless of whether your beneficiary elects this option, any remaining amounts will be distributed to your beneficiary by the end of the 10th calendar year following the year of your
death. It is the beneficiary's responsibility to ensure compliance with the post-death RMD rules under federal tax law.

***Beneficiary continuation option for NQ contracts only.*** This feature may only be elected when the NQ contract owner dies before the annuity maturity date, whether or not the owner and the annuitant are the same person. For purposes of this discussion, "beneficiary" refers to the successor owner who elects this feature. This feature must be elected within 9 months following the date of your death and before any other inconsistent election is made. Beneficiaries who do not make a timely election will not be eligible for this option.

Generally, payments will be made once a year to the beneficiary over the beneficiary's life expectancy, determined on a term certain basis and in the year payments start. These

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payments must begin no later than one year after the date of your death and are referred to as "scheduled payments." The beneficiary may choose the "5-year rule" instead of scheduled payments over life expectancy. If the beneficiary chooses the 5-year rule, there will be no scheduled payments. Under the 5-year rule, the beneficiary may take withdrawals as desired, but the entire account value must be fully withdrawn by the fifth anniversary of your death.

Under the beneficiary continuation option for NQ contracts:

• This feature is only available if the beneficiary is an individual. It is not available for any entity such as a trust, even if all of the beneficiaries of the trust are individuals.

• The beneficiary automatically replaces the existing annuitant.

• The contract continues with your name on it for the benefit of your beneficiary.

• If there is more than one beneficiary, each beneficiary's share will be separately accounted for. It will be distributed over the respective beneficiary's own life expectancy, if scheduled payments are
chosen.

• The minimum amount that is required in order to elect the beneficiary continuation option is $5,000 for each beneficiary.

• No additional contributions will be permitted.

• If the beneficiary chooses the "5-year rule," withdrawals may be made at any time. If the beneficiary instead chooses scheduled payments, the beneficiary may also take
withdrawals, in addition to scheduled payments, at any time.

• Any partial withdrawals must be at least $300.

• Your beneficiary will have the right to name a beneficiary to receive any remaining interest in the contract on the beneficiary's death.

• Any guaranteed minimum death benefit will no longer be in effect.

• Upon the death of your beneficiary, the beneficiary he or she has named has the option to either continue taking scheduled payments based on the remaining life expectancy of the deceased beneficiary (if scheduled
payments were chosen) or to receive any remaining interest in the contract in a lump sum. We will pay any remaining interest in the contract in a lump sum if your beneficiary elects the 5-year rule. The option
elected will be processed when we receive satisfactory proof of death, any required instructions for the method of payment and any required information and forms necessary to effect payment.

If the amount payable under the contract is a death benefit:

• No withdrawal charges will apply to withdrawals of the death benefit by the beneficiary.

If the amount payable under the contract is the cash value:

• The contract's withdrawal charge schedule will continue to be applied to any withdrawal or surrender other than scheduled payments; the contract's free withdrawal amount will continue to apply to withdrawals
but does not apply to surrenders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• We do not impose a withdrawal charge on scheduled payments except if, when added to any withdrawals previously taken in the same contract year, including for this purpose a contract surrender, the total amount of
withdrawals and scheduled payments exceed the free withdrawal amount. See the "Withdrawal charges" in "Charges, Expenses, and Adjustments " earlier in this Prospectus.

A beneficiary should speak to his or her tax professional about which continuation option is appropriate for him or her. Factors to consider include, but are not limited to, the beneficiary's age, need for immediate income and a desire to continue the contract.

**Other Benefits** 

**Dollar Cap Averaging Programs** 

There are two Dollar Cap Averaging Programs ("DCA Programs") The General Dollar Cap Averaging Program which uses the general dollar cap averaging account and the Special Dollar Cap Averaging Program which uses the special dollar cap averaging account. Special Dollar Cap Averaging is only available at issue for Series B contracts.

Our DCA Programs are an administrative service designed to systematically invest in any of the available Segments over a period of either three or six months. The DCA Programs allow you to gradually allocate amounts to available Segments by periodically transferring approximately the same dollar amount to your selected Segments. Regular allocations to the Segments will allow you to invest in the Segments at different Performance Cap Rates. This plan of investing, however, does not guarantee that you will earn a profit or be protected against losses. We may, at any time, exercise our right to terminate transfers to any of the Segments, limit the number of Segments which you may elect or discontinue offering the DCA Programs.

***General Dollar Cap Averaging Program.*** The General DCA Program invests in the general dollar cap averaging account, which is part of the GIO. The general dollar cap averaging account has the same rate of return as the GIO.

***Special Dollar Cap Averaging Program.*** The Special DCA Program invests in the special dollar cap averaging account, which is part of the GIO. The special dollar cap averaging account has a higher rate of return than the general dollar cap averaging account. The Special DCA Program is only available at issue for Series B contracts using contributions received during the first 3 or 6 months, as applicable.

Under the DCA Programs:

• The minimum initial contribution required to establish a General DCA Program is $25,000

• There is no minimum contribution requirement for subsequent contributions to an existing DCA Program. Subsequent contributions do not extend the time period of the DCA Program. Subsequent contributions will increase the
amount of each periodic transfer into the designated Segment(s) for the remainder of the DCA Program.

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• The General DCA Program can be funded from both new contributions to your contract and transfers from the investment options. The Special DCA Program can only be funded with new contributions received duing the first 3
or 6 months, as applicable

• If you elect to invest in a DCA Program at contract issue, 100% of your initial contribution must be allocated to the DCA Program. In other words, your initial contribution cannot be split between your DCA Program and
any other investment option available under the contract.

• If your allocation instructions for the General DCA Program do not match your instructions on file on the day the General DCA Program is established, then your allocation instructions on file will be changed to match
the General DCA Program instructions. If you change your allocation instructions on file, the instructions for your General DCA Program will change to match your new allocation instructions.

• If you change your allocation instructions on file, the instructions for your Special DCA Program will change to match your new allocation instructions.

• We offer time periods of 3 and 6 months. We may also offer other time periods. You may only have one time period in effect at any time and once you select a time period, you may not change it.

• Currently, your account value will be transferred from the DCA Program into your designated Segment(s) on a monthly basis (using the first Segment Start Date after establishing your DCA Program as the starting point for
the monthly transfers). Each subsequent Dollar Cap Averaging transfer will occur on the Segment Start Date on or immediately following the monthiversary of the initial Dollar Cap Averaging transfer. We may offer the DCA Programs in the future with
transfers on a different basis. You can learn more about the DCA Programs by contacting your financial professional or our processing office.

• If a Segment Type is suspended, any amount in the dollar cap averaging account destined for that Segment will be transferred to the Segment Type Holding Account. It will remain there until the next Segment Start Date on
which the Segment is not suspended. If one of the Segment Types is terminated or discontinued, the value allocated to the terminated Segment Type will be moved to the GIO and the DCA Program will continue.

If there are multiple Segments being transferred into as part of the DCA Program and on the first Segment Start Date one of the Segment Types is suspended, the Suspended Segment Type will transfer on the next Segment Start Date and all subsequent transfers will generally occur on the same Thursday of the month established by the non-suspended transfers.

• You may cancel your participation in the DCA Program at any time by notifying us in writing. If you terminate your DCA Program, we will transfer any amount remaining in the dollar cap averaging account to the investment
options according to your allocation instructions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• You cannot elect the DCA Program at issue if you also elect a Rate Hold nor can you start a DCA Program while a Rate Hold is in effect.

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**3.** Principal risks of investing in the contract

This section discusses certain risks associated with purchasing a contract. The level of risk you bear and your potential investment performance will differ depending on the investments you choose.

**Risks Associated with the Guaranteed Interest Option** 

An allocation to a GIO has various risks associated with it.

• Because the GIO rate applicable to your contract is redetermined each year, each subsequent declared rate could be lower than your initial rate and could be equal to the minimum rate for the life of your contract.
Moreover, even though rates are redetermined, there is no guarantee that the rates applicable to your contract will increase even if other interest rates are rising.

**Risks Associated with the Structured Investment Option** 

An investor is not invested in the Index or in the securities tracked by the Index.

***Limiting Negative Returns (Segment Risk of Loss)***

There are certain unique risks associated with the Structured Investment Option.

• There is a risk of a substantial loss of your principal and previously credited interest despite limits on negative index returns because you agree to absorb all losses from the portion of any negative Index Performance
Rate that exceeds the Segment Buffer on the Segment Maturity Date. The highest level of protection provided by a single Segment Investment Option is the -40% Segment Buffer (only available on certain Segments) and the lowest level of protection is
the -10% Segment Buffer. You could lose as much as 60% (for Segments with a -40% Segment Buffer) to 90% (for Segments with a -10% Segment Buffer) of your principal and previously credited interest due to negative index performance on the Segment
Maturity Date. **We may change the Indices and/or Segment Options in the future but we will always offer a Segment Option with a Segment Buffer that protects the first 10% of loss. In the future, we may offer other Segment Options that do not provide any downside protection which would mean there is a risk of loss of the entire amount invested.** 

For example, the -10% Segment Buffer protects your Segment Investment against the first 10% of loss. If the Index Performance Rate declines by more than the Segment Buffer, you will lose an amount equal to 1% of your Segment Investment <br>

for every 1% that the Index Performance Rate declines below the Segment Buffer. This means that you could lose up to 60% of your principal and previously credited interest with a -40% Segment Buffer, up to 80% of your principal and previously credited interest with a -20% Segment Buffer, up to 85% of your principal and previously credited interest with a -15% Segment Buffer and up to 90% of your principal and previously credited interest with a -10% Segment Buffer. Each time you roll over your Segment Maturity Value into a new Segment you are subject to the same risk of loss as described above.

***Limiting Positive Returns (Performance Cap Rates)***

• The Performance Cap Rate is a rate of return from the Segment Start Date to the Segment Maturity Date, and not an annual rate of return, even if the Segment Duration is longer than one year.

• Your Segment Rate of Return for any Segment is limited by its Performance Cap Rate, if applicable, which could cause your Segment Rate of Return to be lower than it would otherwise be if you invested in a mutual fund
designed to track the performance of the applicable Index.

• The Performance Cap Rate, if applicable, may limit your participation in any increases in the underlying Index associated with a Segment.

• Each contract series may have different Performance Cap Rates.

• The Performance Cap Rate for the same Segment may vary between owners but will not be less than the minimum Performance Cap Rate.

• The Contract Fee is applied cumulatively for 6-year Segments, so the total Contract Fee for a 6-year Segment is 7.5% for Series B contracts and 9% for Select contracts.

• If you elect a Rate Hold, the rates applicable to your Segments may be worse than the rates otherwise applicable for the same Segments on that Segment Start Date. This means you would, for example, receive lower
Performance Cap Rates for your Segments than an owner investing in those same Segments who did not elect a Rate Hold. See "Structured Investment Option — Rate Hold" in "Purchasing the contract" for more information.

• Other Segments will generally have lower Performance Cap Rates than Standard Segments with the same Index, Segment Duration and Segment Buffer.

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• For Segments with a Participation Rate greater than 100%, the impact from the enhanced Participation Rate on the Segment Rate of Return may be limited by the Performance Cap Rate. This means you will receive the
Performance Cap Rate instead of the fully enhanced Index Performance Rate as your Segment Rate of Return if the Index Performance Rate equals or exceeds the Performance Cap Rate.

• Segment Types with greater protection tend to have lower Performance Cap Rates than other similar Segment Types that use the same Index and duration but provide less protection.

• Segments with a Participation Rate greater than 100% tend to have lower Performance Cap Rates than Segments without an enhanced Participation Rate.

***Risks Related to Withdrawals (Segment Interim Value)***

• There is a risk of loss of principal and previously credited interest in the case of a withdrawal (including a withdrawal or a required minimum distribution), annuitization, death, surrender, a deduction for the
optional death benefit fee, contract cancellation, or transfer prior to a Segment Maturity Date due to charges and Segment Interim Value adjustments imposed on those distributions, and this may occur even if index performance has been positive.

• The method we use in calculating your Segment Interim Value may result in an amount lower than your Segment Investment, even if the corresponding Index has experienced positive investment performance since the Segment
Start Date. Also, this amount may be less than the amount you would receive had you held the investment until the Segment Maturity Date. **Because the end-of-term downside protection provided by a Segment Buffer does not apply to the Segment Interim Value, it is theoretically possible that you could lose up to 100% of your investment and previously credited interest in certain extreme scenarios.** This loss will be greater if you also have to pay a withdrawal charge under a
Series B contract, or if you have to pay taxes or tax penalties. See "Withdrawals and surrenders" below.

If you take a withdrawal, including required minimum distributions, and there is insufficient value in the GIO, the Segment Type Holding Accounts and any dollar cap averaging account, we will withdraw amounts from any active Segments in your contract. Amounts withdrawn from active Segments will be valued using the formula for calculating the Segment Interim Value and will reduce your Segment Investment. <br>

— If you die, annuitize, cancel or surrender your contract before the Segment Maturity Date, we will pay the Segment Interim Value less a pro rata portion of the applicable Contract Fee and any death benefit charge.

— Any calculation of the Segment Interim Value will generally be affected by changes in both the volatility and level of the relevant Index, as well as interest

rates. The calculation of the Segment Interim Value is linked to various factors, including the value of hypothetical fixed instruments and derivatives as described in "Adjustments with respect to early distributions from Segments" in "Charges, Expenses, and Adjustments" in this Prospectus. The Segment Interim Value will generally be negatively affected by increases in the expected volatility of index prices, interest rate increases, and by poor market performance. Generally, you will not receive the full protection of the Segment Buffer prior to the Segment Maturity Date because the Segment Interim Value only reflects a portion of the downside protection expected to be provided on the Segment Maturity Date. As a Segment moves closer to the Segment Maturity Date, the Segment Interim Value would generally reflect higher realized gains of the Index performance or, in the case of negative performance, increased downside Segment Buffer protection. All other factors being equal, the Segment Interim Value would generally be lower the earlier a withdrawal or surrender is made during a Segment. This means you participate to a lesser extent in upside performance and downside protection the earlier you take a withdrawal.

The Company's decision to use investment rates, which are generally higher than swap rates, to calculate the Fair Value of Hypothetical Fixed Instruments component of the Segment Interim Value will result in a lower value for that component relative to using swap rates to calculate that component and, all other things being equal, will result in a lower recalculated Segment Investment if a partial withdrawal is taken from a Segment or a lower withdrawal amount if a full withdrawal is taken from a Segment. <br>

***Risks Related to Segments, Segment Returns, and Segment Type Holding Accounts***

• We may, in our sole discretion, not offer certain Segments on one or more Segment Start Dates.

• We may not offer new Segments of any Segment Type, so certain Segments may not be available for you to transfer your Segment Maturity Value into.

• On the Segment Maturity Date, the value of your maturing Segments will be reallocated according to your instructions on file, assuming that all participation requirements for those allocations are met. If you have not
provided us with maturity instructions for a maturing Segment, then by default the Segment Maturity Value will be transferred to the same Segment Type as the maturing Segment. Our current Performance Cap Rates will apply to the new Segment, which
may be lower than the Performance Cap Rate of the maturing Segment. If you decide to remove the amounts that were transferred to the new Segment before the new Segment's Segment Maturity Date (which may be 1 or 6 years later), the transaction
will trigger the Segment Interim Value and may be subject to withdrawal charges, taxes and tax penalties.

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• If the next Segment to be created in the Segment Type would have a Segment Maturity Date that is later than your contract maturity date or if that Segment Type has been terminated, we will instead transfer your Segment
Maturity Value to the GIO. The amounts transferred to the GIO may earn a return that is less than the return that could be earned in a different investment option.

• The amounts held in a Segment Type Holding Account may earn a return that is less than the return you might have earned if those amounts were held in another investment option.

• The Contract Fee will reduce your Segment Rate of Return and a negative return will be more negative. We apply the Contract Fee after applying the Performance Cap Rate, Participation Rate, and Segment Buffer.

• Because of the way Segment Rate of Return is calculated for Step Up Segments, when the Index Performance Rate is near zero, a very small difference in the Index of Performance Rate on the Segment Maturity Date can
result in a very different Segment Rate of Return. For example, if the Performance Cap Rate is 8.00% and the Index Performance Rate is 0.00% on the Segment Maturity Date, the Segment Rate of Return would be 8.00%. However, if the Index Performance
Rate had instead been -0.01% on the Segment Maturity Date the Segment Rate of Return would be 0.00%.

• Because of the way the Segment Rate of Return is calculated for Dual Direction Segments:

When the Index Performance Rate is near the Segment Buffer, a very small difference in the Index Performance Rate on the Segment Maturity Date can result in a very different Segment Rate of Return. For example, for a Dual Direction Segment with a -20% Segment Buffer, if the Index Performance Rate is -20.00% on the Segment Maturity Date the Segment Rate of Return is 20.00% (less the Contract Fee), the absolute value of the negative performance, whereas, if the Index Performance Rate is -20.01% on the Segment Maturity Date the Segment Rate of Return is -0.01% (less the Contract Fee). <br>

The Segment Rate of Return may be greater for negative Index Performance Rates than for the corresponding positive Index Performance Rates. For example, for a Dual Direction Segment with a Performance Cap Rate of 10% and a -15% Segment Buffer, which credits the absolute value to the Segment Buffer, if the Index Performance Rate is -14% on the Segment Maturity Date the Segment Rate of Return is 14% (less the Contract Fee) whereas, if the Index Performance Rate is 14% on the Segment Maturity Date the Segment Rate of Return is 10% (less the Contract Fee). <br>

• Because of the way Segment Rate of Return is calculated for Dual Step Tier Segments, when the Index Performance

Rate is near the Segment Buffer, a very small difference in the Index Performance Rate on the Segment Maturity Date can result in a very different Segment Rate of Return. For example, if the Step Rate is 9%, the Segment Buffer is -10% and the Index Performance Rate is -10.00% on the Segment Maturity Date, the Segment Rate of Return would be 9% (less the Contract Fee) whereas, if the Index Performance Rate is -10.01% on the Segment Maturity Date the Segment Rate of Return is -0.01% (less the Contract Fee). <br>

• Your Segment Maturity Value is subject to application of the Performance Cap Rate for positive and flat Index Performance Rates and the Segment Buffer for negative Index Performance Rates. For all Segments your Segment
Maturity Value is not affected by the price of the Index on any date between the Segment Start Date and the Segment Maturity Date.

• In the highly unlikely event we were forced to stop offering new Segments, contract owners would be limited to transferring or contributing to the other investment options. You could choose to surrender your contract,
but you may be subject to withdrawal charges, taxes, and tax penalties, and if you purchase another retirement vehicle, it may have different features, fees, and risks than your annuity contract. If you are buying the annuity contract for the
Structured Investment Option, you should speak to your financial adviser as to whether this product is suitable for you.

***Risks Related to Indices***

• The Segments track the performance of an Index. By investing in the Structured Investment Option, you are not actually invested in an Index or any underlying securities tracked by the Index. However, the Segments are
indirectly exposed to the investment risks associated with the Indices they track. Because the Indices are composed of other securities, they are subject to market risk and issuer risk.

• As an investor in the Segment, you will not have voting rights or rights to receive cash dividends or other distributions or other rights that holders of the shares of the funds or holders of securities comprising the
indices would have.

• Price return indices only consider price changes and do not account for dividends or other distributions paid out by the underlying securities, which can significantly contribute to long-term returns.

• *Market Risk*  *.*** Values of securities composing an Index can fluctuate, and sometimes wildly fluctuate, in response to changes in the financial condition of a company as well
as general market, economic or political conditions. All of the Indices are exposed to market risk.

• *Large Cap Risk.* In general, it is more difficult for large-capitalization companies to change their
strategies quickly in response to changes in their industries.

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Large-capitalization companies are typically more well-established and have lower growth rates than small-capitalization companies. The S&P 500 Price Return Index and the NASDAQ-100 Price Return Index are comprised of large-cap companies.

• *Small Cap Risk.* Compared to large-capitalization companies, small-capitalization companies may be less stable and more susceptible to adverse developments. They may also be more volatile and less liquid
than more established large-capitalization companies. The Russell 2000 <sup>®</sup> Price Return Index is comprised of small-cap companies.

• *Foreign Securities Risk.* Foreign securities and Indices with exposure to non-U.S. companies and securities, especially in emerging and frontier markets, involve risks not associated with U.S. securities and
U.S. companies. The MSCI EAFE Price Return Index, the MSCI Emerging Markets Price Return Index, and the NASDAQ-100 Price Return Index have exposure to foreign securities.

Foreign markets may be less liquid, more volatile and subject to less government supervision than domestic markets. Differences between U.S. and foreign legal, political and economic systems, regulatory regimes and market practices also may impact security values. There are greater risks involved with investments linked to emerging market countries and/or their securities markets. Investments in these countries and/or markets may present market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed countries. For this purpose, China may be viewed as an emerging market and there may also be significant risks related to investments in China. <br>

Indices with exposure to non-U.S. companies and securities, especially in emerging and frontier markets, also include the following risks: the potential for errors in Index data, Index computation, and/or Index construction if information on non-U.S. companies is unreliable or outdated, or if less information about the non-U.S. companies is publicly available due to differences in regulatory, accounting, auditing, and financial recordkeeping standards; the potential significance of such errors on the Index's performance; limitations on the Company's ability to oversee the Index provider's due diligence process over Index data prior to its use in Index computation, construction, and/or rebalancing; and the rights and remedies associated with investments that track an Index comprised of foreign securities may be different from investments that track an Index of domestic securities. <br>

• Past performance of an Index is not an indication of its future performance.

• We have the right to substitute an alternative index prior to Segment Maturity if the publication of one or more

Indices is discontinued, or if we no longer have a license agreement with the publishers of the Index, or at our sole discretion we determine that our use of such Indices should be discontinued because hedging instruments become difficult to acquire or the cost of hedging becomes excessive, or if the calculation of one or more of the Indices is substantially changed. The alternative index may not be desirable to you. If we substitute an index for an existing Segment, we would not change the Segment Buffer or Performance Cap Rate. We would attempt to choose a substitute index that has a similar investment objective and risk profile to the replaced Index. The alternative index would be used to calculate performance from the Segment Start Date to the Segment Maturity Date. In addition, we reserve the right to use any or all reasonable methods to end any outstanding Segments that use such Indices. If a similar index cannot be found, we will end the affected Segments prematurely by applying the Segment Performance Cap Rate and Segment Buffer to the actual gains or losses on the original Index as of the date of termination which could result in a loss or less gain than if the Segment had continued to the Segment Maturity Date. <br>

• If the value for the underlying Index of a Segment is not published by the Index on the Segment Maturity Date, we will not be able to calculate the Segment Maturity Value, and we will keep your account value in the
Segment. Once the underlying Index publishes this value and we have calculated the Segment Maturity Value, we will allocate your Segment Maturity Value in accordance with your instructions. There is no way for us to predict how long it may take the
underlying Index to publish the value. There is a risk that waiting for the value could result in a loss or less gain than if the Segment had ended on the original Segment Maturity Date.

**Risks Associated with Withdrawals and Surrenders** 

• Withdrawals and surrenders may be subject to withdrawal charges, income taxes, and tax penalties.

• Withdrawals will reduce your account value and death benefit and the amount of the reduction in the guaranteed minimum death benefit may be greater than the dollar amount of the withdrawal.

• If you take a withdrawal or surrender from a Segment prior to Segment maturity you may receive less than the amount invested and less than the amount you would receive had you held the investment until Segment maturity.
See "Segment Interim Value" above.

• If your account value falls below the applicable minimum account size as a result of a withdrawal, the contract will terminate.

• If you take a withdrawal or surrender your Series B contract, any applicable withdrawal charge is calculated as a
percentage of contributions, not account value. It is possible that the percentage of account value withdrawn could exceed the applicable withdrawal charge

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percentage. For example, assume you make a onetime contribution of $1,000 at contract issue. If your account value is $800 in contract year 3 and you surrender your contract, a withdrawal charge percentage of 5% is applied. The withdrawal charge would be $50 (5% of the $1,000 contribution). This is a 6.25% reduction of your account value, which results in a cash value of $750 paid to you. <br>

• We may apply fees if you access your account value during the accumulation period or surrender your contract. For example, in addition to possible tax consequences, you may incur fees for accessing your account value
such as a withdrawal charge, transfer fee, third party transfer or exchange fee and/or a charge for any optional benefits.

• Withdrawals may be subject to income taxes and tax penalties. The minimum partial withdrawal amount is $300. Withdrawals will reduce your account value and optional benefit bases and the amount of the reduction may be
greater than the dollar amount of the withdrawal. Excess Withdrawals may terminate or significantly reduce the value of your optional benefits. Certain withdrawals may also terminate your contract. Once you take a withdrawal, you cannot make
additional contributions to the contract.

**Risks Associated with the Guaranteed Minimum Death Benefits** 

• If you elect the Highest Anniversary Value Death Benefit OR Greater of Death Benefit, then the Return of Premium Death Benefit will not be included in your contract.

• Please note that withdrawals under the contract, including a systematic withdrawal, a required minimum distribution, and a free withdrawal under a Series B contract, could reduce the death benefits by substantially more
than the amount of the withdrawal.

• You cannot terminate a Guaranteed Minimum Death Benefit once you elect it. This means that you cannot avoid paying the charge for the Guaranteed Minimum Death Benefit even if you no longer want or need the protection
offered by the Guaranteed Minimum Death Benefit. This also means you cannot avoid paying the charge when the account value is higher than your benefit base.

• You cannot make contributions to the contract once the oldest living owner reaches age 76 (or the first contract date anniversary if later). This means that you will not be able to increase the benefit base through
contributions after this date.

**Change of Owner/Divorce** 

• If the owner of the contract is changed, generally all guaranteed benefits terminate.

• If you purchase the contract and subsequently divorce:

— If a portion of the account value is withdrawn due to divorce, the withdrawal will be treated like any other withdrawal and, accordingly, the value of the

guaranteed minimum death benefits will be reduced and the reduction may be more than the amount withdrawn.

— If the owner is changed on a single life contract all guaranteed benefits will terminate.

Joint ownership will not change unless one ex-spouse is awarded sole ownership of the contract and all necessary documentation is provided to change the ownership of the contract to that ex-spouse before either one of the original measuring lives dies which may result in the beneficiary (or beneficiaries) not receiving the death benefit. <br>

**Contract Changes Risk** 

• We reserve the right to stop accepting any application or contribution from you at any time, including after you purchase the contract. We reserve the right to discontinue the acceptance of, and/or place additional
limitations on, contributions into certain investment options, including any or all of the Segments of the SIO. If you can no longer make contributions, your ability to invest in your contract, increase your account value and, consequently, increase
your death benefit, will be limited. You are currently not permitted to make contributions after age 75 if you have a Guaranteed Minimum Death Benefit.

• We may, at any time, exercise our rights to limit or terminate your contributions, allocations and transfers to any of the investment options and to limit the number of investment options which you may select. Such
rights include, among others, removing or substituting investment options, and transferring account value from any investment option to another investment option.

• We reserve the right to offer any or all Segments more or less frequently or to stop offering any of them (except we will always offer a Segment Option with a Segment Buffer that protects the first 10% of loss) or to
suspend offering any or all of them temporarily for some or all contracts. If we stop offering these options, you will be limited to investing in only one Segment Option and the GIO, which is not tied to the performance of an index.

• We may offer new Segment Types in the future, and we may change the features of a Segment Type between Segments, including the Index, the Segment Buffer, and the Performance Cap Rate (subject to the minimum rates
disclosed herein).

**Insurance Company Risk** 

• No company other than us has any legal responsibility to pay amounts that we owe under the contract including amounts allocated to the structured investment option. The general obligations and any guaranteed benefits
under the contract are supported by our general account and are subject to our claims-paying ability. You should look solely to our financial strength for our claims-paying ability.

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**Possible Adverse Tax Consequences** 

The tax considerations associated with the contract vary and can be complicated. The applicable tax rules can differ, depending on the type of contract, whether NQ, traditional IRA, Roth IRA or QP. The tax considerations discussed in this prospectus are general in nature and describe only federal income tax law (not state, local, foreign or other federal tax laws). Moreover, the tax aspects that apply to a particular person's contract may vary depending on the facts applicable to that person. Tax rules may change without notice. We cannot predict whether, when, or how these rules could change. Any change could affect contracts purchased before the change. Congress may also consider further proposals to comprehensively reform or overhaul the United States tax and retirement systems, which if enacted, could affect the tax benefits of a contract. We cannot predict what, if any, legislation will actually be proposed or enacted. Before making contributions to your contract or taking other action related to your contract, you should consult with a tax professional to determine the tax implications of an investment in, and payments received under, the contract.

Withdrawals are generally subject to income tax and may be subject to tax penalties if taken before age 59<sup>1</sup>⁄<sub>2</sub>.

**Not a Short-Term Investment** 

The contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash because the contract is designed to provide for the accumulation of retirement savings and income on a long-term basis. As such, you should not use the contract as a short term investment or savings vehicle and you should consider whether investing in the contract is consistent with the purpose for which the investment is being considered.

**Risk of Loss** 

All investments have risks to some degree and it is possible that you could lose money by investing in the contract. An investment in the contract is not a deposit with a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

**Business disruption and cybersecurity risks** 

We rely heavily on technology, including interconnected computer systems and data storage networks and digital communications, to conduct our business. Because our business is highly dependent upon the effective operation of our computer systems and those of our service providers and other business partners, our business is vulnerable to disruptions from utility outages, and susceptible to operational and information security risks resulting from information systems failure (e.g., hardware and software malfunctions), and cyberattacks. Cyberattacks may be systemic (e.g., affecting the internet, cloud services, or other infrastructure) or targeted (e.g., failures in or breach of our systems or those of third parties on whom we rely, including ransomware and malware attacks). Cybersecurity risks include, among other things, the

loss, theft, misuse, corruption and destruction of data maintained online or digitally, interference with or denial of service, attacks on our websites (or the websites of third parties on whom we rely), other operational disruption and unauthorized release, use or abuse of confidential customer information. The risk of cyberattacks may be higher during periods of geopolitical turmoil. Due to the increasing sophistication of cyberattacks, a cybersecurity breach could occur and persist for an extended period of time without detection. Systems failures and cyberattacks, as well as, any other catastrophic event, including natural and manmade disasters, public health emergencies, pandemic diseases, terrorist attacks, floods or severe storms affecting us, any third-party administrator, the underlying funds, intermediaries and other affiliated or third-party service providers may adversely affect us, our business operations and your account value and interfere with our ability to process contract transactions and calculate account values. Systems failures and cyberattacks may also interfere with our processing of contract transactions, including the processing of orders from our website or with the underlying funds, impact our ability to calculate account values and unit values and/or the underlying funds to be unable to calculate share values, cause the release or possible destruction of confidential customer and/or business information, impede order processing or cause other operational issues, subject us and/or our service providers and intermediaries to regulatory fines, litigation and financial losses and/or cause reputational damage. Cybersecurity risks may also impact the issuers of securities in which the underlying funds invest, which may cause the underlying funds to lose value. The preventative actions we take to reduce the frequency and severity of cybersecurity incidents and protect our computer systems may be insufficient to prevent a cybersecurity breach from impacting our operations or your contract value. There can be no assurance that we or the underlying funds or our service providers and intermediaries will be able to avoid cybersecurity breaches affecting your contract.

In addition, we are also exposed to risks related to natural and man-made disasters, including, but not limited to, the occurrence of any storms, fires, floods, earthquakes, public health crises, malicious acts, and terrorist acts or any other event, which could adversely affect our ability to conduct business. A natural or man-made disaster, including a pandemic such as COVID-19, could result in our workforce, and/or employees of service providers and/or third-party administrators, being compromised and unable or unwilling to fully perform their responsibilities, which could likewise result in interruptions in our service. This could interfere with our processing of contract transactions, including processing orders from owners and orders with the underlying funds, impact our ability to calculate contract value, or have other adverse impacts on our operations. These events may also negatively affect our service providers and intermediaries, the underlying funds and issuers of securities in which the underlying funds invest, which may cause the funds underlying your contract to lose value. There can be no assurance that we or the underlying funds or our service providers and intermediaries will be able to avoid negative impacts associated with natural and man-made disasters.

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**4.** Determining your contract's value

**Your account value and cash value** 

Your "account value" is the total of: (i) the value you have in the GIO, (ii) the values you have in the Segment Type Holding Accounts, (iii) the values you have in a DCA Program, and (iv) your Segment Interim Values. Your contract also has a "cash value." If you have a Series B contract, at any time before annuity payments begin, your contract's cash value is equal to the account value less any applicable withdrawal charges, a pro rata portion of the Contract Fee, and a pro rata portion of the optional death benefit fee, if applicable.

For Select contracts, at any time before annuity payments begin, your contract's cash value is equal to its account value, less a pro rata portion of the Contract Fee, and less a pro rata portion of the optional death benefit fee, if applicable.

If you have a Select contract, disregard any references to "withdrawal charges" or "free withdrawal amount" in this section; these terms only apply to Series B contracts, not Select contracts.

**Your contract's value in the Structured Investment Option** 

Your value in each Segment on the Segment Maturity Date is calculated as described under "Segment Rate of Return" earlier in this Prospectus.

In setting the Performance Cap Rate that we use in calculating the Segment Maturity Value, we assume that you are going to hold a Segment until the Segment Maturity Date. However, you have the right under the contract to withdraw or transfer amounts in the Segments before the Segment Maturity Date. Therefore, we calculate a Segment Interim Value on each business day between the Segment Start Date and the Segment Maturity Date. The method we use to calculate the Segment Interim Value is different than the method we use to calculate the value of the Segment on the Segment Maturity Date. Prior to the Segment Maturity Date, we use the Segment Interim Value to calculate (1) your account value; (2) the amount your beneficiary would receive as a death benefit; (3) the amount available to withdraw or transfer from a Segment; (4) the amount you would receive if you surrender or annuitize your contract; or (5) the amount you would receive if you cancel your contract and return it to us for a refund within your state's "free look" period (unless your state requires that we refund the full amount of your contribution upon cancellation).

Please note:

• The amount paid upon death, annuitization, surrender or contract cancellation from a Segment prior to the Segment Maturity Date will be equal to the Segment Interim Value less a pro rata portion of the applicable
Contract

Fee and a pro rata portion of the optional death benefit fee, if applicable which may be less than the Segment Investment in that Segment.

• The Segment Interim Value remaining in a Segment following a transfer withdrawal (including a systematic withdrawal, a required minimum distribution, and optional death benefit fee deduction) will be reduced by the
amount removed from the Segment and the Segment Investment may be reduced by more than the amount of the transfer or withdrawal.

The Segment Interim Value is calculated based on a formula that provides a treatment for an early distribution that is designed to be consistent with how distributions at the end of a Segment are treated. The Statement of Additional Information (SAI) sets forth the calculation formula as well as numerous hypothetical examples. The formula is calculated by adding the fair value of three components. These components provide us with a market value estimate of the risk of loss and the possibility of gain at the end of a Segment. These components are used to calculate the Segment Interim Value. The three components are:

(1) Fair value of hypothetical fixed instruments; plus

(2) Fair value of hypothetical derivatives; plus

(3) Cap calculation factor.

A pro rata portion of the applicable Contract Fee is deducted from the Segment Interim Value after it is calculated. For more information, please see "Adjustments with respect to early distributions from Segments" in "Charges, Expenses, and Adjustments" in this prospectus.

**Even if the corresponding Index has experienced positive investment performance since the Segment Start Date, because of the factors we take into account in the calculation above, your Segment Interim Value may be lower than your Segment Investment.** 

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**5.** Transferring your money among investment options

**Transferring your account value** 

At any time before the date annuity payments are to begin, you can transfer some or all of your account value among the investment options, subject to the following current limitations:

• You may not transfer money into a Segment Type Holding Account and designate a Segment Start Date. The account value in the Segment Type Holding Account will be transferred on the first Segment Start Date on which you
meet the participation requirements.

• You may not contribute or transfer into a Segment Type Holding Account if the Segment Maturity Date of the Segment that will be created on the Segment Start Date would be after the maturity date of your contract.

• You may not transfer to a Segment if the total number of Segments that would be active in your contract after such transfer would be greater than the current maximum number of active Segments allowed. See
"Allocating your contributions" in "Purchasing the contract" for more information. If a transfer from a Segment Type Holding Account into a Segment will cause a contract to exceed this limit, such transfers will be defaulted
to the GIO. If there are multiple Segments scheduled to be established on a Segment Start Date, new Segments will be established in the order of those that would have the largest initial Segment Investment first until the limit <u> </u> is reached.
Any remaining amount that is not transferred into a Segment will then be defaulted to the GIO.

• Transfers from a Segment Type Holding Account to a Segment will not occur if you do not meet the participation requirements. See "Segment Participation Requirements" in "Purchasing the contract"
earlier in this Prospectus.

Upon advance notice to you, via a client communication mailing, we may change or establish additional restrictions on transfers among the investment options, including limitations on the number, frequency, or dollar amount of transfers. In addition, we may, at any time, exercise our right to limit or terminate transfers into the GIO. A transfer request does not change your allocation instructions on file.

You may request a transfer in writing using the specified form or on line using the Equitable Client Portal. You must send in all signed written requests directly to our processing office. Transfer requests should specify:

(1) the contract number,

(2) the dollar amounts or percentage to be transferred, and

(3) the investment options to and from which you are transferring.

We will confirm all transfers in writing.

Transfer requests and withdrawal requests received on a Segment Maturity Date will be processed before any maturity instructions on file in that order.

Please see "Allocating your contributions" in "Purchasing the contract" for more information about your role in managing your allocations.

We may charge a transfer charge for any transfers among the investment options in excess of 12 transfers in a contract year. We will not count transfers from Segment Type Holding Accounts into Segments on a Segment Start Date, or the allocation of Segment Maturity Value on a Segment Maturity Date in calculating the number of transfers subject to this charge. We do not deduct a transfer charge for transfers to or from a Segment or any transfer made in connection with our DCA Programs. For more information, see "Transfer charge" in "Charges, Expenses, and Adjustments" later in this Prospectus.

Transfers out of a Segment before the Segment Maturity Date will reduce your Segment Investment in that Segment and, therefore, your Segment Maturity Value for that Segment. The reduction in the Segment Investment may be greater than the dollar amount of your transfer. For more information, see "Adjustments with respect to early distributions from Segments" in "Charges, Expenses, and Adjustments" in this prospectus.

**Disruptive transfer activity** 

You should note that the contract is not designed to accommodate programmed transfers, frequent transfers or transfers that are large in relation to the total assets of the GIO or Segment.

Frequent and large transfers between the GIO and Segments or between Segments are disruptive and subject to the elimination of certain transfer privileges.

When a contract owner is identified in connection with potentially disruptive transfer activity for the first time, a letter is sent to the contract owner explaining that there is a policy against disruptive transfer activity and that if such activity continues certain transfer privileges may be eliminated. If and when the contract owner is identified a second time as engaged in potentially disruptive transfer activity under the contract, we currently prohibit the use of voice, fax and automated transaction services. We currently apply such action for the remaining life of each affected contract. We or a trust may change the definition of potentially disruptive transfer activity, the monitoring procedures and thresholds, any notification procedures, and the procedures to restrict this activity. Any new or revised policies and procedures will apply to all contract owners uniformly. We do not permit exceptions to our policies restricting disruptive transfer activity.

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**6.** Accessing your money

**Withdrawing your account value** 

You have different ways to withdraw your account value before annuity payments begin. The table below shows the methods available under each type of contract. More information follows the table. For the tax consequences of taking withdrawals, see "Tax information" later in this Prospectus.

If you have a Select contract, disregard any references to "withdrawal charges" or "free withdrawal amount" in this section; these terms only apply to Series B contracts, not Select contracts. All withdrawals under the contract will reduce the account value and death benefit, could be subject to federal and state income taxes and a possible 10% federal penalty tax, will count toward the free withdrawal amount for Series B contracts, will not be credited with any index interest at Segment maturity, could reduce your death benefit by more than the amount of the withdrawal, and because the end-of-term downside protection provided by a Segment Buffer does not apply to the Segment Interim Value, it is theoretically possible that you could lose up to 100% of your investment and previously credited interest in certain extreme scenarios. Please see "Risk Factors" for more information.

***Method of Withdrawal***

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| | | | |
|:---|:---|:---|:---|
| **Contract** | **Partial<br>Withdrawal** | **Systematic<br>Withdrawal** | **Lifetime<br>required<br>minimum<br>distribution** |
| NQ | Yes | Yes | No |
| Traditional IRA | Yes | Yes | Yes |
| Roth IRA | Yes | Yes | No |
| Inherited IRA | Yes | No | No |
| QP<sup>(1)</sup> | Yes | Yes | No |

---

<sup>(1)</sup> All payments are made to the plan trust, as the owner of the contract. See Appendix "Purchase considerations for defined benefit and defined contribution plans" later in this Prospectus.

We impose no withdrawal charge for withdrawals from Select contracts. Withdrawals may be subject to income tax and, unless the taxpayer is over age 59<sup>1</sup>⁄<sub>2</sub> or another exception applies, an additional 10% federal income tax penalty, as described in "Tax information" later in this Prospectus.

*All requests for withdrawals must be made on a specific form that we provide. Please see "How to reach us" earlier in this Prospectus for more information.* 

You can withdraw from Segments on the Segment Maturity Date and avoid the Segment Interim Value calculation and losing any interest credited at Segment maturity on amounts

withdrawn. For more information, see "Adjustments with respect to early distributions from Segments" in "Charges, Expenses, and Adjustments" in this Prospectus. A withdrawal (including a systematic withdrawal, a required minimum distribution, or a deduction to pay optional death benefit fees) from a Segment prior to the Segment Maturity Date could reduce your Segment Investment by more than the amount of the withdrawal, and, over time, could result in a significant loss of principal and previously credited interest. The decrease in the remaining Segment Investment following the withdrawal will likely be greater the earlier the withdrawal is taken during the Segment Duration.

Withdrawals may reduce your death benefit, perhaps significantly. See "How Withdrawals Affect your Guaranteed Minimum Death Benefits" for more information.

This contract permits ongoing withdrawals from the Segments prior to the end of the term. These ongoing deductions could have adverse effects of values under the contract and if an investor intends to elect such ongoing withdrawals, they should consult with their financial professional about the appropriateness of the contract for them.

***Partial withdrawals***

You may take partial withdrawals from your account value at any time before annuity payments begin. The minimum amount you may withdraw at any time is $300. If you request a withdrawal that leaves you with an account value of less than $500, we reserve the right to terminate the contract and pay you the cash value. See "Surrender of your contract to receive its cash value" below.

Partial withdrawals in excess of the 10% free withdrawal amount may be subject to a withdrawal charge (see "10% free withdrawal amount" in "Charges, Expenses, and Adjustments" later in this Prospectus).

Partial withdrawals out of Segments are permitted, subject to certain restrictions. See "How withdrawals are taken from your account value" later in this section. A partial withdrawal from a Segment will reduce your Segment Investment in that Segment and, therefore, your Segment Maturity Value for that Segment. The reduction in the Segment Investment may be greater than the dollar amount of your withdrawal. For more information, see "Adjustments with respect to early distributions from Segments" in "Charges, Expenses, and Adjustments" in this prospectus. Withdrawals reduce the death benefit benefit bases on a pro rata basis by the same proportion that the account value is reduced on the date of the withdrawal. The Segment Investment is also adjusted on a pro rata basis for withdrawals, withdrawal charges and the portion of the death benefit charge, if applicable, that is attributable to the amount withdrawn.

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Withdrawal requests and transfer requests received on a Segment Maturity Date will be processed before any maturity instructions on file in that order.

For the tax consequences of withdrawals, see "Tax information" later in this Prospectus.

***Systematic withdrawals***

*(All contracts except Inherited IRA)* 

You may take systematic withdrawals of a fixed dollar amount or percentage of account value on a monthly, quarterly or annual basis as long as the withdrawals do not exceed the following percentages of your account value on the date of the withdrawal: 0.8% monthly, 2.4% quarterly and 10.0% annually. The minimum amount you may take in each systematic withdrawal is $250. If the amount withdrawn would be less than $250 on the date a withdrawal is to be taken, we will not make a payment and we will terminate your systematic withdrawal election.

**Systematic withdrawals, like all withdrawals, will reduce the account value, Segment Investment, standard death benefit, and Guaranteed Minimum Death Benefits, perhaps by more than the amount of the withdrawal, and, over time, could result in a significant loss of principal and previously credited interest. You should speak to your financial professional before taking systematic withdrawals under this contract.** 

If you elect our systematic withdrawal program, you may request to have your withdrawals made on any day of the month, subject to the following restrictions:

• you must select a date that is more than three calendar days prior to your contract date anniversary; and

• you cannot select the 29th, 30th or 31st.

If you do not select a date, we will make the withdrawals the same day of the month as the day we receive your request to elect the program, subject to the same restrictions listed above. You must wait at least 28 days after your contract is issued before your systematic withdrawals can begin.

Any systematic withdrawal or portion thereof that exceeds the remaining 10% free withdrawal amount may, like other partial withdrawals, incur a withdrawal charge.

***Lifetime required minimum distribution withdrawals***

*(Traditional IRA contracts only — See "Tax information" later in this Prospectus.)* 

We offer our "automatic required minimum distribution (RMD) service" to help you meet lifetime required minimum distributions under federal income tax rules. This is not the exclusive way for you to meet these rules. After consultation with your tax adviser, you may decide to compute required minimum distributions (we refer to them as "RMDs") yourself and request partial withdrawals. In such a case, a withdrawal charge could apply. Before electing this account-based withdrawal option, you should consider whether annuitization might be better in your situation. Please refer to

"Required minimum distributions" under "Individual Retirement Arrangements ("IRAs")" in "Tax information" later in this Prospectus.

**Required minimum distributions, like all withdrawals, will reduce the account value, Segment Investment, standard death benefit, and Guaranteed Minimum Death Benefits, perhaps by more than the amount of the withdrawal, and, over time, could result in a significant loss of principal and previously credited interest. You should speak to your financial professional before taking required minimum distributions under this contract.** 

This service is not available to qualified plan trust owned contracts.

You may elect our "automatic required minimum distribution (RMD) service" in the year in which you reach the applicable RMD age under federal tax law (as described under "Tax Information" later in this prospectus).

See the discussion of lifetime required minimum distributions under "Tax Information" later in this prospectus. The minimum amount we will pay out is $250. Currently, RMD payments will be made annually each December.

We do not impose a withdrawal charge on the RMD payment taken through our automatic RMD service even if, when added to a partial withdrawal previously taken in the same contract year, the RMD payments exceed the free withdrawal amount.

This service does not generate an automatic RMD payment during the first contract year. Therefore, if you are making a rollover or transfer contribution to the contract after the applicable RMD age, you must take an RMD before the rollover or transfer. If you do not, any withdrawals that you take during the first contract year to satisfy your RMD amount may be subject to withdrawal charges, if applicable, if they exceed the free withdrawal amount.

The RMD amount is based on your entire interest in your traditional IRA contract whether your investments are allocated to the GIO and/or one or more Segments. We will withdraw your RMD amount from the GIO first. If there is insufficient account value in the GIO, then we will withdraw the balance of the RMD amount from the Segment Type Holding Accounts on a pro rata basis. If there is insufficient value in the GIO and the Segment Type Holding Accounts, we will withdraw the balance from the the dollar cap averaging account. If there is insufficient value in the GIO, the Segment Type Holding Accounts and the dollar cap averaging account, we will withdraw the balance from the Segments on a pro rata basis.

As you approach the applicable RMD age you should consider the effect of allocations to any Segment. You should consider whether you have a sufficient amount allocated to the GIO under this contract and/or sufficient liquidity under other traditional IRAs that you maintain in order to satisfy your RMD for this contract without affecting amounts allocated to a Segment under this contract.

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We will send to traditional IRA owners a form outlining the minimum distribution options available in the year you reach the applicable RMD age (if you have not begun your annuity payments before that time).

**How withdrawals are taken from your account value** 

***Withdrawals***

Unless you specify otherwise, we will subtract your withdrawals from your value in the GIO (excluding the Segment Type Holding Accounts and dollar cap averaging account). If there is insufficient value or no value in the GIO (excluding the Segment Type Holding Accounts and dollar cap averaging account), any additional amount of the withdrawal required or the total amount of the withdrawal will be taken on a pro rata basis from the Segment Type Holding Accounts. If there are insufficient funds in the Segment Type Holding Accounts, any additional amount of the withdrawal required will be taken from the dollar cap averaging account. If there is insufficient value in the dollar cap averaging account, we will deduct all or a portion of the withdrawal from the Segments on a pro rata basis.

If you specify the investment options from which you want us to deduct your withdrawal, you must also specify the dollar amount or percentage of the withdrawal to be taken from each specified Segment and/or GIO.

If you have amounts in a Segment Type Holding Account and you make a withdrawal on a Segment Start Date, that amount will not be transferred into the Segment created on that date.

Withdrawals prior to your Segment Maturity Date reduce the Segment Investment on a pro rata basis by the same proportion that the Segment Interim Value is reduced on the date of the withdrawal.

You can request, in advance of your Segment Maturity Date, a withdrawal of your Segment Maturity Value on the Segment Maturity Date, which is not subject to the restrictions described above regarding the need to withdraw amounts in the GIO and Segment Type Holding Accounts before withdrawing amounts from Segments. We will only accept a request to withdraw your Segment Maturity Value on the Segment Maturity Date if you submit the request no more than 12 months before the Segment Maturity Date.

**Surrendering your contract to receive its cash value** 

You may surrender your contract to receive its cash value at any time while an owner is living (or for contracts with non-natural owners, while the annuitant is living) and before you begin to receive annuity payments. For a surrender to be effective, we must receive your written request and your contract at our processing office. We will determine your cash value on the date we receive the required information.

**Amounts surrendered from any Segment before the Segment Maturity Date will reflect the Segment Interim Value calculation. For more information, see "Adjustments with respect to early distributions from Segments" in "Charges, Expenses, and Adjustments" in this prospectus.**

You may receive your cash value in a single sum payment or apply it to one or more of the annuity payout options. See "Your annuity payout options" below. For the tax consequences of surrenders, see "Tax information" later in this Prospectus.

When a contract is surrendered in certain states, the free withdrawal amount is not taken into account when calculating the amount of the withdrawal. See "10% free withdrawal amount" under "Charges under the contract" in "Charges, Expenses, and Adjustments" later in this Prospectus.

A pro rata portion of the optional death benefit fee will also be charged if you surrender on any day other than the contract date anniversary.

**Withdrawals treated as surrenders** 

If you withdraw more than 90% of a contract's current cash value, we will treat it as a request to surrender the contract for its cash value. In addition, we have the right to pay the cash value and terminate the contract if no contributions are made during the last three completed contract years, and the account value is less than $500, or if you make a withdrawal that would result in a cash value of less than $500. For the tax consequences of withdrawals, see "Tax information" later in this Prospectus.

**When to expect payments** 

Generally, we will fulfill requests for payments out of the investment options within seven calendar days after the date of receipt of the transaction request in good order. These transactions may include payment of a death benefit, payment of any amount you withdraw (less any withdrawal charge) and, upon surrender or termination, payment of the cash value. We may postpone such payments or applying proceeds for any period during which:

(1) the NYSE is closed or restricts trading,

(2) the SEC determines that an emergency exists as a result of which sales of securities or determination of fair value of an
investment option's assets is not reasonably practicable, or

(3) the SEC, by order, permits us to defer payment to protect people remaining in the investment option.

All payments are made by check and are mailed to you (or the payee named in a tax-free exchange) by U.S. mail, unless you request that we use an express delivery or wire transfer service at your expense.

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**Signature Guarantee** 

As a protection against fraud, we require a signature guarantee (i.e., Medallion Signature Guarantee as required by us) for the following transaction requests:

• disbursements, including but not limited to partial withdrawals, surrenders, transfers and exchanges, over $250,000;

• any disbursement requested within 30 days of an address change;

• any disbursement when we do not have an originating or guaranteed signature on file or where we question a signature or perceive any inconsistency between the signature on file and the signature on the request; and

• any other transaction we require.

We may change the specific requirements listed above, or add signature guarantees in other circumstances, at our discretion if we deem it necessary or appropriate to help protect against fraud. For current requirements, please refer to the requirements listed on the appropriate form or call us at the number listed in this prospectus.

You can obtain a Medallion Signature Guarantee from more than 7,000 financial institutions that participate in a Medallion Signature Guarantee program. The best source of a Medallion Signature Guarantee is a bank, brokerage firm or credit union with which you do business. **A notary public cannot provide a Medallion Signature Guarantee. Notarization will not substitute for a Medallion Signature Guarantee.**

**Your annuity payout options** 

The following description assumes annuitization of your entire contract. For partial annuitization, see "Partial annuitization" below.

Deferred annuity contracts provide for conversion to payout status at or before the contract's "maturity date." This is called annuitization. When your contract is annuitized, your contract and all its benefits will terminate and will be converted to a supplemental payout annuity contract ("payout option") that provides for periodic payments for life or for a specified period of time. In general, the periodic payment amount is determined by the account value or cash value of your contract at the time of annuitization, the annuity payout option that you select, and the annuity purchase factor to which that value is applied, as described below. **Amounts withdrawn from any Segment before the Segment Maturity Date to be applied to annuitization will reflect the Segment Interim Value calculation. For more information, see "Adjustments with respect to early distributions from Segments" in "Charges, Expenses, and Adjustments" in this prospectus.** We have the right to require you to provide any information we deem necessary to provide an annuity payout option. If an annuity payout is later found to be based on incorrect information, it will be adjusted on the basis of the correct information.

Your contract guarantees that upon annuitization, your account value will be applied to a guaranteed annuity purchase factor for a life annuity payout option. We reserve the right, with advance notice to you, to change your annuity purchase factor any time after your fifth contract date anniversary and at not less than five year intervals after the first change. Any change to the annuity purchase factor will only apply to contributions made after the date of the change. (Please see your contract and SAI for more information). In addition, you may apply your account value or cash value, whichever is applicable, to any other annuity payout option that we may offer at the time of annuitization. We may offer other payout options not outlined here. Your financial professional can provide details.

Annuitization, including if your contract reaches the maturity date, terminates your death benefit. See "Annuity maturity date" later in this section.

You can annuitize your contract. The current available annuity payout options are listed below. Restrictions may apply, depending on the type of contract you own and the annuitant's age at contract issue. We reserve the right to add, remove or change these annuity payout options at any time. Please contact our customer service representatives or speak with your financial professional to confirm which annuity payout option(s) are available to you.

***Annuity payout options***

<u> Fixed annuity payout options</u>   <u> • Life annuity • Life annuity with period certain • Life annuity with refund certain</u>

• *Life annuity:* An annuity that guarantees payments for the rest of the annuitant's life. Payments end with the last monthly payment before the annuitant's death. Because there is no continuation
of benefits following the annuitant's death with this payout option, it provides the highest monthly payment of any of the life annuity options, so long as the annuitant is living. It is possible that the Life annuity option could result in
only one payment if the annuitant dies immediately after the first payment.

• *Life annuity with period certain:* An annuity that guarantees payments for the rest of the annuitant's life. If the annuitant dies before the end of a selected period of time ("period
certain"), payments continue to the beneficiary for the balance of the period certain. The period certain cannot extend beyond the annuitant's life expectancy or the joint life expectancy of the annuitant and the joint annuitant. A life
annuity with period certain is the form of annuity under the contracts that you will receive if you do not elect a different payout option. In this case the period certain will be based on the annuitant's age and will not exceed 10 years or
the annuitant's life expectancy.

• *Life annuity with refund certain:* An annuity that guarantees payments for the rest of the annuitant's
life. If the

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annuitant dies before the amount applied to purchase the annuity option has been recovered, payments to the beneficiary will continue until that amount has been recovered subject to the required minimum distribution rules if applicable. <br>

The life annuity, life annuity with period certain, and life annuity with refund certain payout options are available on a single life or joint and survivor life basis. The joint and survivor life annuity guarantees payments for the rest of the annuitant's life and, after the annuitant's death, payments continue to the survivor.

With fixed annuities, we guarantee fixed annuity payments that will be based either on the tables of guaranteed annuity purchase factors in your contract or on our then current annuity purchase factors, whichever is more favorable for you.

***The amount applied to purchase an annuity payout option***

The amount applied to purchase an annuity payout option varies depending on the payout option that you choose and the timing of your purchase as it relates to any withdrawal charges that apply under your contract.

We use the account value if you select a life annuity, life annuity with period certain or life annuity with refund certain. If we are offering non-life contingent forms of annuities, the withdrawal charge will be imposed for Series B contracts and we apply the cash value to purchase the annuity payout option (except that if the period certain is more than five years, the amount applied will be no less than 95% of the account value). If you have amounts invested in a Segment and you annuitize before the Segment Maturity Date, we will apply the Segment Interim Value to purchase an annuity payout option. A pro rata portion of the optional death benefit fee will also be charged if you annuitize on any day other than the contract date anniversary.

***Partial annuitization.*** Partial annuitization of nonqualified deferred annuity contracts is permitted under certain circumstances. You may choose from the life-contingent annuity payout options described here. We no longer offer a period certain option for partial annuitization. We require you to elect partial annuitization on the form we specify. For purposes of this contract we will effect any partial annuitization as a withdrawal applied to a payout annuity. See "How withdrawals are taken from your account value" earlier in this section and also the discussion of "Partial annuitization" in "Tax information" for more information.

***Selecting an annuity payout option***

When you select a payout option, we will issue you a separate written agreement confirming your right to receive annuity payments. We require you to return your contract before annuity payments begin. Unless you choose a different payout option, we will pay annuity payments under a life annuity with a maximum period certain of 10 years. The contract owner and annuitant must meet the issue age and payment requirements.

You can choose the date annuity payments are to begin, but generally it may not be earlier than thirteen months from the

contract date or later than your contract's maturity date. You can change the date your annuity payments are to begin any time. Your contract's maturity date is the date by which you must either take a lump sum withdrawal or select an annuity payout option. The maturity date is generally the contract date anniversary that follows the annuitant's 98th birthday.

We will send you a notice with your contract statement one year prior to your maturity date. Once you have selected an annuity payout option and payments have begun, no change can be made. If you do not respond to the notice within 30 days following your maturity date, your contract will be annuitized automatically.

We currently offer different payment frequencies on certain annuity payout options. In general, the total annual payout will be lower for more frequent payouts (such as monthly) because of the increased administrative expenses associated with more frequent payouts. Also, in general, the longer the period over which we expect to make payments, the lower will be your payment each year.

The amount of the annuity payments will depend on:

(1) the amount applied to purchase the annuity;

(2) the type of annuity chosen;

(3) in the case of a life annuity, the annuitant's age (or the annuitant's and joint annuitant's ages); and

(4) in certain instances, the sex of the annuitant(s).

You will not be able to make withdrawals, transfers or change annuity payout options once your contract is annuitized. However, depending on your beneficiary/joint annuitant designations and annuity payout option, the annuity amounts and payment term remaining after your death may be modified if necessary to comply with the minimum distribution requirements of federal income tax law.

If, at the time you elect a payout option, the amount to be applied is less than $2,000 or the initial payment under the form elected is less than $20 monthly, we reserve the right to pay the account value in a single sum rather than as payments under the payout option chosen.

Please see Appendix "State contract availability and/or variations of certain features and benefits" in this Prospectus for state variations.

***Annuity maturity date***

Your contract has a maturity date. The maturity date is based on the age of the original annuitant at contract issue if your contract has the account value death benefit and the age of the original owner if your contract has any other death benefit. The maturity date is generally the contract date anniversary that follows the annuitant's or owner's, as applicable, 98th birthday (or older joint annuitant's or older joint owner's, as applicable, if your contract has joint annuitants or owners). The maturity date may not be less than thirteen months from your contract date, unless otherwise

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stated in your contract. We will send a notice with the contract statement one year prior to the maturity date. The notice will include the date of maturity, describe the available annuity payout options, state the availability of a lump sum payment option, and identify the default payout option if you do not provide an election by the time of your contract maturity date. The default payout option is a life annuity with a maximum period certain of 10 years.

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**7.** Charges, Expenses, and Adjustments

**Charges that the Company deducts** 

There is a Contract Fee to cover operations, administrative and distribution expenses.

We may also deduct the following charges from your account value:

• For Series B contracts, at the time you make certain withdrawals or surrender your contract, or your contract is terminated — a withdrawal charge.

• For contracts with an optional death benefit, each contract date anniversary — the death benefit charge. We will deduct a pro rata portion of the charge if the contract is annuitized, canceled, surrendered, or a
death claim paid on any day other than the contract date anniversary.

• At the time you elect a special service — the applicable special services charge.

• At the time annuity payments are to begin — charges designed to approximate certain taxes that may be imposed on us, such as premium taxes in your state.

• At the time you request a transfer in excess of 12 transfers among the investment options in a contract year — a transfer charge (currently, there is no transfer charge).

More information about these charges appears below. We will not increase these charges for the life of your contract, except as noted. We may reduce certain charges under group or sponsored arrangements. See "Group or sponsored arrangements" below.

To help with your retirement planning, we may offer other annuities with different charges, benefits and features. Please contact your financial professional for more information.

**Charges under the contracts** 

***Contract Fee***

We deduct a Contract Fee from each Segment of the SIO. The charge is equal to an annual rate of 1.25% (Series B) or 1.50% (Select) for each Segment for the Segment Duration and is deducted when calculating the Segment Rate of Return on the Segment Maturity Date. A pro rata portion of the Contract Fee is deducted from the Segment Interim Value if a partial withdrawal (including a systematic withdrawal, required minimum distribution, and deduction to pay the optional death benefit charge) or transfer is taken from a Segment on a date other than the Segment Maturity Date or if the contract is surrendered, annuitized or a death benefit paid on a date other than the Segment Maturity Date. The Segment Investment is also reduced. We apply the Segment Interim Value adjustment if you surrender or

cancel your contract, die or make a transfer or withdrawal, or there is a deduction to pay the optional death benefit charge, from a Segment before the Segment Maturity Date which could theoretically result in a loss of up to 100% of the Segment Investment in certain extreme scenarios.

***Transfer charge***

We reserve the right to charge for any transfers among investment options in excess of 12 per contract year. We will provide you with advance notice if we decide to assess the transfer charge, which will never exceed $35 per transfer. The transfer charge is designed to compensate the company with respect to administering the transaction. The transfer charge (if applicable), will be assessed at the time that the transfer is processed. Each time you request a transfer from

one investment option to another, we will assess the transfer charge (if applicable). Separate requests submitted on the same day will each be treated as a separate transfer. Any transfer charge will be deducted from the investment options from which the transfer is made. We will not count transfers from Segment Type Holding Accounts into Segments on a Segment Start Date, or the allocation of Segment Maturity Value on a Segment Maturity Date in calculating the number of transfers subject to this charge. We will also not charge for transfers to a Segment made in connection with our DCA Programs.

Any such transfer charge will be deducted from Segment Interim Value of the Segment from which the transfer is made and the Segment Investment will be reduced on a pro rata basis by the same proportion that the Segment Interim Value was reduced on the date of the deduction by the amount of the charge.

***Guaranteed Benefit Charges***

Amounts deducted to pay a guaranteed benefit charge are deducted from the account value. We deduct the charge from the GIO (excluding the Segment Type Holding Accounts and dollar cap averaging account). If those amounts are insufficient, we will deduct all or a portion of the charge pro rata from the Segment Type Holding Accounts. If the amounts in the Segment Type Holding Accounts are still insufficient, we will deduct all or a portion of the charge from the dollar cap averaging account. If the amount in the dollar cap averaging account is still insufficient, we deduct all or a portion of the charge from the Segments on a pro rata basis. If such a charge is deducted from a Segment on a date other than the Segment Maturity Date, the Segment Investment will be reduced on a pro rata basis by the same proportion that the Segment Interim Value is reduced on the date of the deduction by the amount of the charge deducted. If such a charge is to be deducted from a Segment on its Segment Maturity Date, the

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Segment Return Amount will be applied to the Segment and then the charge will be deducted from the resulting Segment Maturity Value. No guaranteed benefit charge percentage will change during the life of your contract. If deducted from one or more Segments, such ongoing deductions and Segment Interim Value adjustments may reduce the guaranteed benefit by more than the amount of the withdrawal, and, over time, could result in a significant loss of principal and previously credited interest.

A pro rata portion of each applicable guaranteed benefit charge will be deducted from the GIO, Segment Type Holding Accounts, dollar cap averaging account, or Segments, as applicable, if the contract is surrendered, annuitized, or a death benefit is paid. The Company does not deduct a pro rata portion of a guaranteed benefit charge upon partial withdrawal or transfer. Once a contract is issued, the guaranteed benefit charge percentage will not change.

***Death Benefit charge***

***Account Value Death Benefit.*** There is no additional charge for this death benefit.

***Return of Premium Death Benefit.*** There is no additional charge for this death benefit.

***Highest Anniversary Value Death Benefit.*** If you elect the Highest Anniversary Value Death Benefit, we deduct a charge annually from your account value on each contract date anniversary for providing the death benefit guarantee. The charge is equal to 0.25% of the Highest Anniversary Value benefit base. This charge percentage will not change during the life of your contract. If any portion of this charge is deducted from one or more Segments the Segment Interim Value adjustment will apply and, over time, could result in a significant loss of principal and previously credited interest.

***Greater of Death Benefit.*** If you elect the Greater of Value Death Benefit, we deduct a charge annually from your account value on each contract date anniversary for providing the death benefit guarantee. The charge is equal to 0.75% of the Greater of benefit base. This charge percentage will not change during the life of your contract. If any portion of this charge is deducted from one or more Segments the Segment Interim Value adjustment will apply and, over time, could result in a significant loss of principal and previously credited interest.

***Special services charges***

We deduct a charge for providing the special services described below. These charges compensate us for the expense of processing each special service. For certain services, we will deduct from your account value any withdrawal charge that applies and the charge for the special service. Please note that we may discontinue some or all of these services without notice.

***Wire transfer charge.*** We charge $90 for outgoing wire transfers. Unless you specify otherwise, this charge will be deducted from the amount you request.

***Express mail charge.*** We charge $35 for sending you a check by express mail delivery. This charge will be deducted from the amount you request.

***Duplicate contract charge.*** We charge $35 for providing a copy of your contract. The charge for this service can be paid (i) using a credit card acceptable to us, (ii) by sending a check to our processing office, or (iii) by any other means we make available to you.

***Check preparation charge.*** The standard form of payment for all withdrawals is direct deposit. If direct deposit instructions are not provided, payment will be made by check. Currently, we do not charge for check preparation, however, we reserve the right to impose a charge, which would be deducted from the amount you request following imposition of such a charge. We reserve the right to charge a maximum of $85.

***Charge for third-party transfer or exchange.***

Currently, we are waiving the $55 charge for each third-party transfer or exchange; this waiver may be discontinued at any time, with or without notice. Absent this waiver, we deduct a charge from the amount you request for direct rollovers or direct transfers of amounts from your contract to a third party, such as in the case of a trustee-to-trustee transfer for an IRA contract, or if you request that your contract be exchanged for a contract issued by another insurance company.

***Withdrawal charge (Series B contracts only)***

A withdrawal charge may apply in four circumstances: (1) you make one or more withdrawals during a contract year; (2) you surrender your contract to receive its cash value; (3) you annuitize under a non-life contingent annuity payout option; or (4) we terminate your contract. The amount of the charge will depend on whether the 10% free withdrawal amount applies, and the availability of one or more exceptions.

The withdrawal charge equals a percentage of the contributions withdrawn. The percentage that applies depends on how long each contribution has been invested in the contract. We determine the withdrawal charge separately for each contribution according to the following table:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Charge as a % of contribution for each year following contribution** | **Charge as a % of contribution for each year following contribution** | **Charge as a % of contribution for each year following contribution** | **Charge as a % of contribution for each year following contribution** | **Charge as a % of contribution for each year following contribution** | **Charge as a % of contribution for each year following contribution** | **Charge as a % of contribution for each year following contribution** |
| **1** | **2** | **3** | **4** | **5** | **6** | **7+** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8% | 8% | 7% | 6% | 5% | 4% | 0% |

---

For purposes of calculating the withdrawal charge, we treat the year in which we receive a contribution as "year 1." For withdrawal charge purposes, withdrawals of the free withdrawal amount and earnings are not considered withdrawals of contributions. We also treat contributions that have been invested the longest as being withdrawn first (FIFO basis). However, federal income tax rules treat earnings under most NQ contracts as withdrawn first. See "Tax information" later in this Prospectus.

During the first six contract years, for withdrawal charge purposes we will consider the 10% free amount withdrawn

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first until exhausted (which will reduce earnings but not contributions), then contributions until exhausted (on a FIFO basis). After the sixth contract year, for withdrawal charge purposes we will consider the 10% free amount withdrawn first until exhausted (which will reduce earnings but not contributions), then contributions not subject to withdrawal charges until exhausted (on a FIFO basis), then earnings until exhausted, and then contributions subject to withdrawal charges (on a FIFO basis).

In order to give you the exact dollar amount of the withdrawal you request, we deduct the amount of the withdrawal and the amount of the withdrawal charge from your account value. Any amount deducted to pay withdrawal charges is also subject to that same withdrawal charge percentage.

We deduct the withdrawal amount and the withdrawal charge from the GIO (excluding the Segment Type Holding Accounts and dollar cap averaging account). If those amounts are insufficient, we will deduct all or a portion of the required amounts pro rata from the Segment Type Holding Accounts. If the amounts in the Segment Type Holding Accounts are still insufficient, we will deduct all or a portion of the required amounts from the dollar cap averaging account. If the amount in the dollar cap averaging account is still insufficient, we deduct all or a portion of the required amounts from the Segments on a pro rata basis. If you specify that your withdrawal be taken from specific investment options, the amount of the withdrawal charge will first be taken from the investment options you specify. If there is insufficient value in those options to pay the withdrawal charge after your withdrawal is deducted, then the remainder of the withdrawal charge is deducted as described above.

Withdrawals from a Segment or a Segment Type Holding Account are subject to the same withdrawal charge calculations as a withdrawal from any other investment option. Any withdrawal from a Segment will reduce the Segment Interim Value. A withdrawal from a Segment Type Holding Account reduces the amount that will be transferred to a Segment. For more information, see "Structured Investment Option" in "Purchasing the Contract" earlier in this Prospectus.

The withdrawal charge does not apply in the circumstances described below.

***10% free withdrawal amount.*** For Series B contracts, each contract year you can withdraw up to 10% of your account value without paying a withdrawal charge (often referred to as the "10% free withdrawal amount" or "free withdrawal amount"). No withdrawal charge applies to Select contracts. The 10% free withdrawal amount is determined using your account value at the beginning of the contract year. In the first contract year amounts received within 90 days of the contract date are included for purposes of calculating the free withdrawal amount. When a contract is surrendered, the free withdrawal amount is not taken into account when calculating the amount of the withdrawal charge.

Assume you made an initial contribution of $100,000 to a 6-year Segment and a subsequent contribution of $40,000 in contract year 2 to another 6-year Segment. At the

beginning of the seventh contract year, if your account value is $200,000, you could withdraw up to $160,000 free of withdrawal charges on that day ($20,000 from the 10% free withdrawal amount plus $100,000 from contributions which are no longer subject to withdrawal charges plus $40,000 of earnings). Assume you withdraw the entire Segment Maturity Value of the first Segment when it matures (assume that is $150,000 and your contract's account value on that day is $200,500) you would not pay a withdrawal charge since no contributions subject to withdrawal charges are deemed withdrawn (the $150,000 withdrawn for withdrawal charge purposes is deemed comprised of $20,000 from the 10% free withdrawal amount plus $100,000 from contributions which are no longer subject to withdrawal charges plus $30,000 of earnings).

***Death.*** The withdrawal charge does not apply if the owner dies and a death benefit is payable to the beneficiary.

***Terminal illness, or confinement to nursing home.*** The withdrawal charge also does not apply if:

(i) We receive proof satisfactory to us (including certification by a licensed physician) that an owner's (or older
joint owner's, if applicable) life expectancy is six months or less; or

(ii) An owner (or older joint owner, if applicable) has been confined to a nursing home for more than 90 days (or such other
period, as required in your state) as verified by a licensed physician. A nursing home for this purpose means one that is (a) approved by Medicare as a provider of skilled nursing care service, or (b) licensed as a skilled nursing home by
the state or territory in which it is located (it must be within the United States, Puerto Rico, or U.S. Virgin Islands) and meets all of the following:

— its main function is to provide skilled, intermediate, or custodial nursing care;

— it provides continuous room and board to three or more persons;

— it is supervised by a registered nurse or licensed practical nurse;

— it keeps daily medical records of each patient;

— it controls and records all medications dispensed; and

— its primary service is other than to provide housing for residents.

We reserve the right to impose a withdrawal charge, in accordance with your contract and applicable state law, if the conditions described in (i), (ii) or (iii) above existed at the time a contribution was remitted or if the condition began within 12 months of the period following remittance. Some states may not permit us to waive the withdrawal charge in the above circumstances, or may limit the circumstances for which the withdrawal charge may be waived. Your financial professional can provide more information or you may contact our processing office.

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***Charges for state premium and other applicable taxes***

We deduct a charge designed to approximate certain taxes that may be imposed on us, such as premium taxes in your state. Generally, we deduct the charge from the amount applied to provide an annuity pay out option. The current tax charge that might be imposed varies by jurisdiction and ranges from 0% to 3.5%.

**Adjustments** 

***Adjustments with respect to early distributions from Segments***

We calculate the Segment Interim Value when any amount leaves a Segment, whether a partial withdrawal or a full contract surrender, or upon death or cancellation or annuitization of the contract, from a Segment prior to the Segment Maturity Date. Prior to the Segment Maturity Date, the following transactions trigger the Segment Interim Value calculation: (1) the receipt of an in good order death claim by your beneficiary; (2) a withdrawal (including a systematic withdrawal, a required minimum distribution and a free withdrawal under a Series B contract); (3) a transfer; (4) if you surrender or annuitize your contract; (5) deduction of the optional death benefit charge; or (6) if you cancel your contract and return it to us for a refund within your state's "free look" period. **If you make one of these transactions, because the end-of-term downside protection provided by a Segment Buffer does not apply to the Segment Interim Value, it is theoretically possible that you could lose up to 100% of your investment and previously credited interest in certain extreme scenarios.**

The Segment Interim Value is calculated based on a formula that provides a treatment for an early distribution that is designed to be consistent with how distributions at the end of a Segment are treated. The formula is designed to measure the fair value of your Segment Investment on the particular interim date, and is based on the downside protection provided by the Segment Buffer, the limit on participation in investment gain provided by the Performance Cap Rate, and an adjustment for the effect of a withdrawal prior to the Segment Maturity Date. You should note that even if a corresponding Index has experienced positive growth, the calculation of your Segment Interim Value may result in an amount lower than your Segment Investment.

The Segment Interim Value will generally be negatively affected by increases in the expected volatility of index prices, interest rate increases, and by poor market performance. All other factors being equal, the Segment Interim Value would be lower the earlier a withdrawal or surrender is made during a Segment.

Withdrawals from a Segment prior to your Segment Maturity Date reduce the Segment Investment on a pro rata basis by the same proportion that the Segment Interim Value is reduced on the date of the withdrawal. We use the Segment Investment to determine your Segment Maturity Value.

Please note that if a death benefit charge is deducted from a Segment, the charge will be deducted from the Segment Interim Value.

The formula we use, in part, derives the fair value of hypothetical investments in fixed instruments and derivatives. These values provide us with protection from the risk that we will have to pay out account value related to a Segment prior to the Segment Maturity Date. The formula also includes an adjustment relating to the Cap Calculation Factor. This is a positive adjustment of the percentage of the estimated expenses corresponding to the portion of the Segment Duration that has not elapsed. Additional information about Segment Interim Values, including the actual calculation formula and examples illustrating the operation of the Segment Interim Value adjustment, is located in the SAI.

You can obtain the current Segment Interim Values for the Segments in which you are invested by calling 800-789-7771. The Segment Interim Value of a Segment can fluctuate daily, and the current value quoted to you may differ from the actual Segment Interim Value calculated at the time you make a transaction that triggers the Segment Interim Value calculation.

**Group or sponsored arrangements** 

For certain group or sponsored arrangements, we may reduce the withdrawal charge or change the minimum contribution requirements. We also may change the minimum death benefit. Group arrangements include those in which a trustee or an employer, for example, purchases contracts covering a group of individuals on a group basis. Group arrangements are not available for traditional IRA and Roth IRA contracts. Sponsored arrangements include those in which an employer allows us to sell contracts to its employees or retirees on an individual basis.

Our costs for sales and administration generally vary with the size and stability of the group or sponsoring organization, among other factors. We take all these factors into account when reducing charges. To qualify for reduced charges, a group or sponsored arrangement must meet certain requirements, such as requirements for size and number of years in existence. Group or sponsored arrangements that have been set up solely to buy contracts or that have been in existence less than six months will not qualify for reduced charges.

We will make these and any similar reductions according to our rules in effect when we approve a contract for issue. We may change these rules from time to time. Any variation will reflect differences in costs or services and will not be unfairly discriminatory.

Group or sponsored arrangements may be governed by federal income tax rules, the Employee Retirement Income Security Act of 1974, or both. We make no representations with regard to the impact of these and other applicable laws on such programs. We recommend that employers, trustees, and others purchasing or making contracts available for purchase under such programs seek the advice of their own legal and benefits advisers.

**Other distribution arrangements** 

We may reduce or eliminate charges when sales are made in a manner that results in savings of sales and administrative expenses, such as sales through persons who are

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compensated by clients for recommending investments and who receive no commission or reduced commissions in connection with the sale of the contracts. We will not permit a reduction or elimination of charges where it will be unfairly discriminatory.

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**8.** Tax information

**Overview** 

In this part of the Prospectus, we discuss the current federal income tax rules that generally apply to Structured Capital Strategies<sup>®</sup> contracts owned by United States individual taxpayers. The tax rules can differ, depending on the type of contract, whether NQ, traditional IRA, Roth IRA, or QP, and the characteristics of the owner. Therefore, we discuss the tax aspects of each type of contract separately.

Federal income tax rules include the United States laws in the Internal Revenue Code, and Treasury Department Regulations and IRS interpretations of the Internal Revenue Code. These tax rules may change without notice. We cannot predict whether, when, or how these rules could change. Any change could affect contracts purchased before the change. Congress may also consider further proposals to comprehensively reform or overhaul the United States tax and retirement systems, which if enacted, could affect the tax benefits of a contract. We cannot predict what, if any, legislation will actually be proposed or enacted.

We cannot provide detailed information on all tax aspects of the contracts. Moreover, the tax aspects that apply to a particular person's contract may vary depending on the facts applicable to that person. We do not discuss state income and other state taxes, federal income tax and withholding rules for non-U.S. taxpayers, or federal gift and estate taxes. We also do not discuss the Employee Retirement Income Security Act of 1974 (ERISA). Transfers of the contract, rights or values under the contract, or payments under the contract, for example, amounts due to beneficiaries, may be subject to federal or state gift, estate or inheritance taxes. You should not rely only on this document, but should consult your tax adviser before your purchase.

**CARES Act** 

Congress enacted the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") on March 27, 2020. The CARES Act permitted penalty-free withdrawals during 2020 from many tax-qualified and tax-favored plans and contracts (such as defined contribution plans, 403(b) plans, government sponsored employer 457(b) plans, and IRAs) by individuals affected by coronavirus or the economic aftermath. An individual may repay the amount of the distribution to the plan or contract within a 3-year period. Please consult your tax adviser about your individual circumstances.

**Buying a contract to fund a retirement arrangement** 

Generally, there are two types of funding vehicles that are available for Individual Retirement Arrangements ("IRAs"): an individual retirement annuity contract such as the ones offered in this Prospectus, or an individual retirement custodial or trusteed account. Annuity contracts can also be purchased

in connection with retirement plans qualified under Section 401(a) of the Code. How these arrangements work, including special rules applicable to each, are noted in the specific sections for each type of arrangement, below. You should be aware that the funding vehicle for a tax-qualified arrangement does not provide any tax deferral benefit beyond that already provided by the Code for all permissible funding vehicles. Before choosing an annuity contract, therefore, you should consider the annuity's features and benefits compared with the features and benefits of other permissible funding vehicles and the relative costs of annuities and other such arrangements. You should be aware that cost may vary depending on the features and benefits made available and the charges and expenses of the investment options you elect.

**Transfers among investment options** 

If permitted under the terms of the contract, you can make transfers among investment options inside the contract without triggering taxable income.

**Taxation of nonqualified annuities** 

***Contributions***

You may not deduct the amount of your contributions to a nonqualified annuity contract.

***Contract earnings***

Generally, you are not taxed on contract earnings until you receive a distribution from your contract, whether as a withdrawal or as an annuity payment. However, earnings are taxable, even without a distribution:

• if a contract fails investment diversification requirements as specified in federal income tax rules (these rules are based on or are similar to those specified for mutual funds under securities laws);

• if you transfer a contract, for example, as a gift to someone other than your spouse (or former spouse);

• if you use a contract as security for a loan (in this case, the amount pledged will be treated as a distribution); and

• if the owner is other than an individual (such as a corporation, partnership, trust, or other non-natural person). This provision does not apply to a trust which is a mere agent
or nominee for an individual, such as a typical grantor trust.

Federal tax law requires that all nonqualified deferred annuity contracts that the Company and its affiliates issue to you during the same calendar year be linked together and treated as one contract for calculating the taxable amount of any distribution from any of those contracts.

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***Annuity payments***

The following applies to an annuitization of the entire contract. In certain cases, the contract can be partially annuitized. See "Partial annuitization".

Annuitization under a Structured Capital Strategies<sup>®</sup> contract occurs when your entire interest under the contract is or has been applied to one or more payout options intended to amortize amounts over your life or over a period certain generally limited by the period of your life expectancy. (We do not currently offer a period certain option without life contingencies.) Annuity payouts can also be determined on a joint life basis. After annuitization, no further contributions to the contract may be made, the annuity payout amount must be paid at least annually, and annuity payments cannot be stopped except by death or surrender (if permitted under the terms of the contract).

Once annuity payments begin, a portion of each payment is taxable as ordinary income. You get back the remaining portion without paying taxes on it. This is your unrecovered investment in the contract. Generally, your investment in the contract equals the contributions you made, less any amounts you previously withdrew that were not taxable.

For fixed annuity payments, the tax-free portion of each payment is determined by (1) dividing your investment in the contract by the total amount you are expected to receive out of the contract, and (2) multiplying the result by the amount of the payment.

Once you have received the amount of your investment in the contract, all payments after that are fully taxable. If payments under a life annuity stop because the annuitant dies, there is an income tax deduction for any unrecovered investment in the contract.

Your rights to apply amounts under this Structured Capital Strategies<sup>®</sup> contract to an annuity payout option are described elsewhere in this Prospectus. If you hold your contract to the maximum maturity age under the contract we require that a choice be made between taking a lump sum settlement of any remaining account value or applying any such account value to an annuity payout option we may offer at the time under the contract. If no affirmative choice is made, we will apply any remaining account value or interest in the contract to the default option under the contract at such age. While there is no specific federal tax guidance as to whether or when an annuity contract is required to mature, or as to the form of the payments to be made upon maturity, we believe that this Structured Capital Strategies<sup>®</sup> contract constitutes an annuity contract under current federal tax rules.

***Partial annuitization***

The consequences described above for annuitization of the entire contract apply to the portion of the contract which is partially annuitized. A nonqualified deferred annuity contract is treated as being partially annuitized if a portion of the contract is applied to an annuity payout option on a life-contingent basis or for a period certain of at least 10 years.

In order to get annuity payment tax treatment for the portion of the contract applied to the annuity payout, payments must be made at least annually in substantially equal amounts, the payments must be designed to amortize the amount applied over life or the period certain, and the payments cannot be stopped, except by death or surrender (if permitted under the terms of the contract). The investment in the contract is split between the partially annuitized portion and the deferred amount remaining based on the relative values of the amount applied to the annuity payout and the deferred amount remaining at the time of the partial annuitization. Also, the partial annuitization has its own annuity starting date. We do not currently offer a period certain option without life contingencies.

***Withdrawals made before annuity payments begin***

If you make withdrawals before annuity payments begin under your contract, they are taxable to you as ordinary income if there are earnings in the contract. Generally, earnings are your account value less your investment in the contract. If you withdraw an amount which is more than the earnings in the contract as of the date of the withdrawal, the balance of the distribution is treated as a reduction of your investment in the contract and is not taxable.

Collateral assignments are taxable to the extent of any earnings in the contract at the time any portion of the contract's value is assigned as collateral. Therefore, if you assign your contract as collateral for a loan with a third party after the contract is issued, you may have taxable income even though you receive no payments under the contract. The Company will report any income attributable to a collateral assignment on Form 1099-R. Also, if the Company makes payments or distributions to the assignee pursuant to directions under the collateral assignment agreement, any gains in such payments may be taxable to you and reportable on Form 1099-R even though you do not receive them.

***1035 Exchanges***

You may purchase a nonqualified deferred annuity through an exchange of another contract. Normally, exchanges of contracts are taxable events. The exchange will not be taxable under Section 1035 of the Internal Revenue Code if:

• the contract that is the source of the funds you are using to purchase the nonqualified deferred annuity contract is another nonqualified deferred annuity contract or life insurance or endowment contract.

• the owner and the annuitant are the same under the source contract and the contract issued in exchange. If you are using a life insurance or endowment contract the owner and the insured must be the same on both sides of
the exchange transaction.

In some cases you may make a tax-deferred 1035 exchange from a nonqualified deferred annuity contract to a "qualified long-term care contract" meeting all specified requirements under the Code or an annuity contract with a "qualified long-term care contract" feature (sometimes referred to as a "combination annuity" contract).

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The tax basis, also referred to as your investment in the contract, of the source contract carries over to the contract issued in exchange.

An owner may direct the proceeds of a partial withdrawal from one nonqualified deferred annuity contract to purchase or contribute to another nonqualified deferred annuity contract on a tax-deferred basis. If requirements are met, the owner may also directly transfer amounts from a nonqualified deferred annuity contract to a "qualified long-term care contract" or "combination annuity" in such a partial 1035 exchange transaction. Special forms, agreement between the carriers, and provision of cost basis information may be required to process this type of an exchange.

If you are purchasing your contract through a Section 1035 exchange, you should be aware that the Company cannot guarantee that the exchange from the source contract to the contract you are applying for will be treated as a Section 1035 exchange; the insurance company issuing the source contract controls the tax information reporting of the transaction as a Section 1035 exchange. Because information reports are not provided and filed until the calendar year after the exchange transaction, the insurance company issuing the source contract shows its agreement that the transaction is a 1035 exchange by providing to us the cost basis of the exchanged source contract when it transfers the money to us on your behalf.

Even if the contract owner and the insurance companies agree that a full or partial 1035 exchange is intended, the IRS has the ultimate authority to review the facts and determine that the transaction should be recharacterized as taxable in whole or in part.

Section 1035 exchanges are generally not available after the death of the owner. The destination contract must meet specific post-death payout requirements to prevent avoidance of the death of owner rules. See "Payment of death benefit".

***Surrenders***

If you surrender or cancel the contract, the distribution is taxable as ordinary income (not capital gain) to the extent it exceeds your investment in the contract.

***Death benefit payments made to a beneficiary after your death***

For the rules applicable to death benefits, see "Payment of death benefit". The tax treatment of a death benefit taken as a single sum is generally the same as the tax treatment of a withdrawal from or surrender of your contract. The tax treatment of a death benefit taken as annuity payments is generally the same as the tax treatment of annuity payments under your contract.

Under the Beneficiary continuation option, the tax treatment of a withdrawal after the death of the owner taken as a single sum or taken as withdrawals under the 5-year rule is generally the same as the tax treatment of a withdrawal from or surrender of your contract.

***Early distribution penalty tax***

If you take distributions before you are age 59<sup>1</sup>⁄<sub>2</sub>, a penalty tax of 10% of the taxable portion of your distribution applies in addition to the income tax. Some of the available exceptions to the pre-age 59<sup>1</sup>⁄<sub>2</sub> penalty tax include distributions made:

• on or after your death; or

• because you are disabled (special federal income tax definition); or

• in the form of substantially equal periodic payments made at least annually over your life (or your life expectancy) or over the joint lives of you and your beneficiary (or your joint life expectancies) using an IRS-approved distribution method.

Please note that it is your responsibility to claim the penalty exception on your own income tax return and to document eligibility for the exception to the IRS.

***Additional Tax on Net Investment Income***

Taxpayers who have modified adjusted gross income ("MAGI") over a specified amount and who also have specified net investment income in any year may have to pay an additional surtax of 3.8%. (This tax has been informally referred to as the "Net Investment Income Tax" or "NIIT"). For this purpose net investment income includes distributions from and payments under nonqualified annuity contracts. The threshold amount of MAGI varies by filing status: $200,000 for single filers; $250,000 for married taxpayers filing jointly, and $125,000 for married taxpayers filing separately. The tax applies to the lesser of a) the amount of MAGI over the applicable threshold amount or b) the net investment income. You should discuss with your tax adviser the potential effect of this tax.

***Investor Control Issues***

We do not believe that investor control rules apply to the assets of the non-unitized Separate Account, because contract owners have no interest in the performance of those assets.

**Individual retirement arrangements ("IRAs")** 

***General***

"IRA" stands for individual retirement arrangement. There are two basic types of such arrangements, individual retirement accounts and individual retirement annuities. In an individual retirement account, a trustee or custodian holds the assets funding the account for the benefit of the IRA owner. The assets typically include mutual funds and/or individual stocks and securities in a custodial account, and bank certificates of deposit in a trusteed account. In an individual retirement annuity, an insurance company issues an annuity contract that serves as the IRA.

There are two basic types of IRAs, as follows:

• traditional IRAs, typically funded on a pre-tax basis; and

• Roth IRAs, funded on an after-tax basis.

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Regardless of the type of IRA, your ownership interest in the IRA cannot be forfeited. You or your beneficiaries who survive you are the only ones who can receive the IRA's benefits or payments. All types of IRAs qualify for tax deferral, regardless of the funding vehicle selected.

You can hold your IRA assets in as many different accounts and annuities as you would like, as long as you meet the rules for setting up and making contributions to IRAs. However, if you own multiple IRAs, you may be required to combine IRA values or contributions for tax purposes. For further information about individual retirement arrangements, you can read Internal Revenue Service Publications 590-A ("Contributions to Individual Retirement Arrangements (IRAs)") and 590-B ("Distributions from Individual Retirement Arrangements (IRAs)"). These publications are usually updated annually, and can be obtained by contacting the IRS or from the IRS website (www.irs.gov).

The Company designs its IRA contracts to qualify as "individual retirement annuities" under Section 408(b) of the Internal Revenue Code. We offer the Structured Capital Strategies<sup>®</sup> contract in both traditional IRA and Roth IRA versions.

This Prospectus contains the information that the IRS requires you to have before you purchase an IRA. The first section covers some of the special tax rules that apply to traditional IRAs. The next section covers Roth IRAs. The disclosure generally assumes direct ownership of the individual retirement annuity contracts. For contracts owned in a custodial individual retirement account, the disclosure will apply only if you terminate your account or transfer ownership of the contract to yourself.

We describe the amount and types of charges that may apply to your contributions under "Charges, Expenses, and Adjustments". We describe the method of calculating payments under "Accessing your money".

We have not applied for opinion letters approving the respective forms of the traditional IRA and Roth IRA contracts for use as a traditional and Roth IRA, respectively. This IRS approval is a determination only as to the form of the annuity. It does not represent a determination of the merits of the annuity as an investment.

***Your right to cancel within a certain number of days***

You can cancel either version of the Structured Capital Strategies<sup>®</sup> IRA contract (traditional IRA or Roth IRA) by following the directions under "Your right to cancel within a certain number of days" in "Purchasing the Contract". If you cancel a traditional IRA, or Roth IRA contract, we may have to withhold tax, and we must report the transaction to the IRS. A contract cancellation could have an unfavorable tax impact.

**Traditional individual retirement annuities ("traditional IRAs")** 

***Contributions to traditional IRAs.*** Individuals may make three different types of contributions to purchase a traditional IRA or as subsequent contributions to an existing IRA:

• "regular" contributions out of earned income or compensation; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• tax-free "rollover" contributions; or

• direct custodian-to-custodian transfers from other traditional IRAs ("direct transfers").

When you make a contribution to your IRA, we require you to tell us whether it is a regular contribution, rollover contribution, or direct transfer contribution, and to supply supporting documentation in some cases.

Because the minimum initial contribution the Company requires to purchase this contract is larger than the maximum regular contribution you can make to an IRA for a taxable year, this contract must be purchased through a rollover or direct transfer contribution.

***Regular contributions to traditional IRAs***

***Limits on contributions.*** The "maximum regular contribution amount" for any taxable year is the most that can be contributed to all of your IRAs (traditional and Roth) as regular contributions for the particular taxable year. The maximum regular contribution amount depends on age, earnings, and year, among other things. Generally, $7,000 is the maximum amount that you may contribute to all IRAs (traditional IRAs and Roth IRAs) for 2025, after adjustment for cost-of-living changes. When your earnings are below $7,000, your earned income or compensation for the year is the most you can contribute. This limit does not apply to rollover contributions or direct custodian-to-custodian transfers into traditional IRA.

If you are at least age 50 at any time during 2025, you may be eligible to make additional "catch up contributions" of up to $1,000 to your traditional IRA.

***Special rules for spouses.*** If you are married and file a joint federal income tax return, you and your spouse may combine your compensation to determine the amount of regular contributions you are permitted to make to traditional IRAs (and Roth IRAs discussed below). Even if one spouse has no compensation, or compensation under $7,000, married individuals filing jointly can contribute up to $14,000 per year to any combination of traditional IRAs and Roth IRAs. Any contributions to Roth IRAs reduce the ability to contribute to traditional IRAs and vice versa. The maximum amount may be less if earned income is less and the other spouse has made IRA contributions. No more than a combined total of $7,000 can be contributed annually to either spouse's traditional and Roth IRAs. Each spouse owns his or her traditional IRAs and Roth IRAs even if the other spouse funded the contributions. Catch-up contributions may be made as described above for spouses who are at least age 50 at any time during the taxable year for which the contribution is being made.

***Deductibility of contributions.*** The amount of traditional IRA contributions that you can deduct for a taxable year depends on whether you are covered by an employer-sponsored-tax-favored retirement plan, as defined under special federal income tax rules. Your Form W-2 will indicate whether or not you are covered by such a retirement plan.

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The federal tax rules governing contributions to IRAs made from current compensation are complex and are subject to numerous technical requirements and limitations which vary based on an individual's personal situation (including his/her spouse). IRS Publication 590-A, *("Contributions to Individual Retirement Arrangements (IRAs)")* which is updated annually and is available at www.irs.gov, contains pertinent explanations of the rules applicable to the current year. The amount of permissible contributions to IRAs, the amount of IRA contributions which may be deductible, and the individual's income limits for determining contributions and deductions all may be adjusted annually for cost of living.

***Nondeductible regular contributions.*** If you are not eligible to deduct part or all of the traditional IRA contribution, you may still make nondeductible contributions on which earnings will accumulate on a tax-deferred basis. The combined deductible and nondeductible contributions to your traditional IRA (or the nonworking spouse's traditional IRA) may not, however, exceed the maximum $5,000 per person limit for the applicable taxable year ($7,000 for 2025 after adjustment). The dollar limit is $1,000 higher for people eligible to make age 50+ "catch-up" contributions ($8,000 for 2025). You must keep your own records of deductible and nondeductible contributions in order to prevent double taxation on the distribution of previously taxed amounts. See "Withdrawals, payments and transfers of funds out of traditional IRAs".

If you are making nondeductible contributions in any taxable year, or you have made nondeductible contributions to a traditional IRA in prior years and are receiving distributions from any traditional IRA, you must file the required information with the IRS. Moreover, if you are making nondeductible traditional IRA contributions, you must retain all income tax returns and records pertaining to such contributions until interests in all traditional IRAs are fully distributed.

***When you can make regular contributions.*** If you file your tax returns on a calendar year basis like most taxpayers, you have until the April 15 return filing deadline (without extensions) of the following calendar year to make your regular traditional IRA contributions for a tax year. Make sure you designate the year for which you are making the contribution.

***Rollover and direct transfer contributions to traditional IRAs***

Rollover contributions may be made to a traditional IRA from these "eligible retirement plans":

• qualified plans;

• governmental employer 457(b) plans;

• 403(b) plans; and

• other traditional IRAs.

Direct transfer contributions may only be made directly from one traditional IRA to another.

Any amount contributed to a traditional IRA after lifetime required minimum distributions must start must be net of your required minimum distribution for the year in which the rollover or direct transfer contribution is made.

***Rollovers from "eligible retirement plans" other than traditional IRAs***

Your plan administrator will tell you whether or not your distribution is eligible to be rolled over. Spousal beneficiaries and spousal alternate payees under qualified domestic relations orders may roll over funds on the same basis as the plan participant.

There are two ways to do rollovers:

• Do it yourself:

You receive a distribution that can be rolled over and you roll it over to a traditional IRA within 60 days after the date you receive the funds. The distribution from your eligible retirement plan will be net of 20% mandatory federal income tax withholding. If you want, you can replace the withheld funds yourself and roll over the full amount.

• Direct rollover:

You tell the trustee or custodian of the eligible retirement plan to send the distribution directly to your traditional IRA issuer. Direct rollovers are not subject to mandatory federal income tax withholding.

All distributions from a qualified plan, 403(b) plan or governmental employer 457(b) plan are eligible rollover distributions, unless an exception applies. Some of the exceptions include the following distributions:

• "required minimum distributions" after the applicable RMD age or retirement from service with the employer; or

• substantially equal periodic payments made at least annually for your life (or life expectancy) or the joint lives (or joint life expectancies) of you and your designated beneficiary; or

• substantially equal periodic payments made for a specified period of 10 years or more; or

• hardship withdrawals; or

• corrective distributions that fit specified technical tax rules; or

• loans that are treated as distributions; or

• certain death benefit payments to a beneficiary who is not your surviving spouse; or

• qualified domestic relations order distributions to a beneficiary who is not your current spouse or former spouse.

Distributions from an eligible retirement plan made in connection with the birth or adoption of a child as specified in the Code can be made free of income tax withholding and penalty-free. Repayments made within three years of these distributions to an eligible retirement plan can be treated as deemed rollover contributions. For prior qualified birth or adoption distributions, the repayment period ends December 31, 2025.

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You should discuss with your tax adviser whether you should consider rolling over funds from one type of tax qualified retirement plan to another, because the funds will generally be subject to the rules of the recipient plan. For example, funds in a governmental employer 457(b) plan are not subject to the additional 10% federal income tax penalty for premature distributions, but they may become subject to this penalty if you roll the funds to a different type of eligible retirement plan, such as a traditional IRA, and subsequently take a premature distribution.

Rollovers from an eligible retirement plan to a traditional IRA are not subject to the "one-per-year limit" noted in this section.

***Rollovers of after-tax contributions from eligible retirement plans other than traditional IRAs***

Any non-Roth after-tax contributions you have made to a qualified plan or 403(b) plan (but not a governmental employer 457(b) plan) may be rolled over to a traditional IRA (either in a direct rollover or a rollover you do yourself). When the recipient plan is a traditional IRA, you are responsible for recordkeeping and calculating the taxable amount of any distributions you take from that traditional IRA. See "Taxation of payments" under "Withdrawals, payments and transfers of funds out of traditional IRAs." After-tax contributions in a traditional IRA cannot be rolled over from your traditional IRA into, or back into, a qualified plan, 403(b) plan or governmental employer 457(b) plan.

***Rollovers from traditional IRAs to traditional IRAs***

You may roll over amounts from one traditional IRA to one or more of your other traditional IRAs if you complete the transaction within 60 days after you receive the funds. You may make such a rollover only once in every 12-month period for the same funds. We call this the "one-per-year limit." It is the IRA owner's responsibility to determine if this rule is met. Trustee-to-trustee or custodian-to-custodian direct transfers are not rollover transactions. You can make these more frequently than once in every 12-month period.

***Spousal rollovers and divorce-related direct transfers***

The surviving spouse beneficiary of a deceased individual can roll over funds from, or directly transfer funds from, the deceased spouse's traditional IRA to one or more other traditional IRAs. Also, in some cases, traditional IRAs can be transferred on a tax-free basis between spouses or former spouses as a result of a court-ordered divorce or separation decree.

***Excess contributions to traditional IRAs***

Excess contributions to IRAs are subject to a 6% excise tax for the year in which made and for each year after until withdrawn. Examples of excess contributions are regular contributions of more than the maximum regular contribution amount for the applicable taxable year, and a rollover contribution which is not eligible to be rolled over, for example to the extent an amount distributed is a lifetime required minimum distribution. You can avoid or limit the excise tax by withdrawing an excess contribution. See IRS Publications 590-A and 590-B for further details.

***Recharacterizations***

Amounts that have been contributed as traditional IRA funds may subsequently be treated as Roth IRA funds. Special federal income tax rules allow you to change your mind again and have amounts that are subsequently treated as Roth IRA funds, once again treated as traditional IRA funds. You do this by using the forms we prescribe. This is referred to as having "recharacterized" your contribution.

***Withdrawals, payments and transfers of funds out of traditional IRAs***

***No federal income tax law restrictions on withdrawals.*** You can withdraw any or all of your funds from a traditional IRA at any time. You do not need to wait for a special event like retirement.

***Taxation of payments.*** Amounts distributed from traditional IRAs are not subject to federal income tax until you or your beneficiary receive them. Taxable payments or distributions include withdrawals from your contract, surrender of your contract and annuity payments from your contract. Death benefits are also taxable.

We report all payments from traditional IRA contracts on IRS Form 1099-R. You are responsible for reporting these amounts correctly on your individual income tax return and keeping supporting records. Except as discussed below, the total amount of any distribution from a traditional IRA must be included in your gross income as ordinary income.

If you have ever made nondeductible (after-tax) IRA contributions to any traditional IRA (it does not have to be to this particular traditional IRA contract), those contributions are recovered tax-free when you get distributions from any traditional IRA. It is your responsibility to keep permanent tax records of all of your nondeductible contributions to traditional IRAs so that you can correctly report the taxable amount of any distribution on your own tax return. At the end of any year in which you have received a distribution from any traditional IRA, you calculate the ratio of your total nondeductible traditional IRA contributions (less any amounts previously withdrawn tax free) to the total account balances of all traditional IRAs you own at the end of the year plus all traditional IRA distributions made during the year. Multiply this by all distributions from the traditional IRA during the year to determine the nontaxable portion of each distribution.

A distribution from a traditional IRA is not taxable if:

• the amount received is a withdrawal of certain excess contributions, as described in IRS Publications 590-A and 590-B; or

• the entire amount received is rolled over to another traditional IRA or other eligible retirement plan which agrees to accept the funds. (See "Rollovers from eligible retirement plans other than traditional
IRAs" under "Rollover and direct transfer contributions to traditional IRAs" for more information.)

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The following are eligible to receive rollovers of distributions from a traditional IRA: a qualified plan, a 403(b) plan or a governmental employer 457 plan. After-tax contributions in a traditional IRA cannot be rolled from your traditional IRA into, or back into, a qualified plan, 403(b) plan or governmental employer 457 plan. Before you decide to roll over a distribution from a traditional IRA to another eligible retirement plan, you should check with the administrator of that plan about whether the plan accepts rollovers and, if so, the types it accepts. You should also check with the administrator of the receiving plan about any documents required to be completed before it will accept a rollover.

Distributions from a traditional IRA are not eligible for favorable ten-year averaging and long-term capital gain treatment available under limited circumstances for certain distributions from qualified plans. If you might be eligible for such tax treatment from your qualified plan, you may be able to preserve such tax treatment even though an eligible rollover from a qualified plan is temporarily rolled into a "conduit IRA" before being rolled back into a qualified plan. See your tax adviser.

***IRA distributions directly transferred to charity*** *.*** Specified distributions from IRAs directly transferred to charitable organizations may be tax-free to IRA owners age 70 1/2 or older. You can direct us to make one distribution per calendar year directly to a charitable organization you request whether or not such distribution might be eligible for favorable tax treatment. Additional requests in the same calendar year will not be honored. Since an IRA owner is responsible for determining the tax consequences of any distribution from an IRA, we report the distribution to you on Form 1099-R. After discussing with your own tax advisor, it is your responsibility to report any distribution qualifying as a tax-free charitable direct transfer from your IRA on your own tax return. We do not permit a one-time distribution of $50,000 (indexed for inflation) from IRAs to charitable gift annuities, charitable remainder unitrusts, and charitable remainder annuity trusts.

***Required minimum distributions***

The Setting Every Community Up for Retirement Enhancement Act ("SECURE Act") and the SECURE 2.0 Act of 2022 ("SECURE 2.0") made significant changes to the required minimum distribution rules. Because these rules are statutory and regulatory, in many cases IRS guidance will be required to implement these changes.

***Background on Regulations — Required Minimum Distributions***

Distributions must be made from traditional IRAs according to rules contained in the Code and Treasury Regulations. Certain provisions of the Treasury Regulations require that the actuarial present value of additional annuity contract benefits must be added to the dollar amount credited for purposes of calculating certain types of required minimum distributions from individual retirement annuity contracts. For this purpose additional annuity contract benefits may

include, but are not limited to, various guaranteed benefits. This could increase the amount required to be distributed from the contracts if you take annual withdrawals instead of annuitizing. Currently we believe that these provisions would not apply to Structured Capital Strategies<sup>®</sup> contracts because of the type of benefits provided under the contracts. However, if you take annual withdrawals instead of annuitizing, please consult your tax adviser concerning applicability of these complex rules to your situation.

***Lifetime required minimum distributions — When you have to take the first lifetime required minimum distribution.*** When you have to start lifetime required minimum distributions from your traditional IRAs is based on your applicable RMD age as defined under federal tax law. If you attain age 72 after 2022 and age 73 before 2033, your applicable RMD age is 73. If you attain age 74 after 2032, your applicable RMD age is 75. If you were born prior to July 1, 1949, your applicable RMD age is 70½, and if you were born on or after July 1, 1949 and before January 1, 1951, your applicable RMD age is 72.

The first required minimum distribution is for the calendar year in which you attain the applicable RMD age. You have the choice to take this first required minimum distribution during the calendar year you actually reach the applicable RMD age, or to delay taking it until the first three-month period in the next calendar year (January 1 – April 1). Distributions must start no later than your "Required Beginning Date," which is April 1st of the calendar year after the calendar year in which you attain the applicable RMD age. If you choose to delay taking the first annual minimum distribution, then you will have to take two minimum distributions in that year — the delayed one for the first year and the one actually for that year. Once minimum distributions begin, they must be made at some time each year.

***How you can calculate required minimum distributions.*** There are two approaches to taking required minimum distributions — "account-based" or "annuity-based."

***Account-based method.*** If you choose an account-based method, you divide the value of your traditional IRA as of December 31st of the past calendar year by a number corresponding to your age from an IRS table. This gives you the required minimum distribution amount for that particular IRA for that year. If your spouse is your sole beneficiary and more than 10 years younger than you, the dividing number you use may be from another IRS table and may produce a smaller lifetime required minimum distribution amount. Regardless of the table used, the required minimum distribution amount will vary each year as the account value, the actuarial present value of additional annuity contract benefits, if applicable, and the divisor change. If you initially choose an account-based method, you may later apply your traditional IRA funds to a life annuity-based payout with any certain period not exceeding remaining life expectancy, determined in accordance with IRS tables.

If you choose an account-based method, the RMD amount for your Structured Capital Strategies<sup>®</sup> traditional

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IRA contract is calculated with respect to your entire interest in the contract, including your allocations to the GIO and one or more of the Segments in the Structured Investment Option.

***Annuity-based method.*** If you choose an annuity-based method, you do not have to do annual calculations. You apply the account value to an annuity payout for your life or the joint lives of you and an eligible designated beneficiary, or for a period certain not extending beyond applicable life expectancies, determined in accordance with IRS tables.

***Do you have to pick the same method to calculate your required minimum distributions for all of your traditional IRAs and other retirement plans?*** No. If you want, you can choose a different method for each of your traditional IRAs and other retirement plans. For example, you can choose an annuity payout from one IRA, a different annuity payout from a qualified plan, and an account-based annual withdrawal from another IRA.

***Will we pay you the annual amount every year from your traditional IRA based on the method you choose?*** We will only pay you automatically if you affirmatively select an annuity payout option or an account-based withdrawal option such as our "automatic required minimum distribution (RMD) service." Even if you do not enroll in our service, we will calculate the amount of the required minimum distribution withdrawal for you, if you so request in writing. However, in that case you will be responsible for asking us to pay the required minimum distribution withdrawal to you.

Also, if you are taking account-based withdrawals from all of your traditional IRAs, the IRS will let you calculate the required minimum distribution for each traditional IRA that you maintain, using the method that you picked for that particular IRA. You can add these required minimum distribution amount calculations together. As long as the total amount you take out every year satisfies your overall traditional IRA required minimum distribution amount, you may choose to take your annual required minimum distribution from any one or more traditional IRAs that you own.

If you are at an age where you are required to take lifetime required minimum distributions from traditional IRAs you should consider the effect of allocations to the Structured Investment Option under a Structured Capital Strategies<sup>®</sup> traditional IRA contract. You should consider whether you have a sufficient amount allocated to the GIO under this contract and/or sufficient liquidity under other traditional IRAs that you maintain in order to satisfy your RMD for this contract without affecting amounts allocated to the Structured Investment Option under this contract.

Particularly if you hold any portion of your Structured Capital Strategies<sup>®</sup> IRA account value in Segments, you should make sure to have money invested in the GIO and/or other traditional IRAs in order to have enough liquidity in the contract or elsewhere to satisfy your RMD withdrawals without dipping into a Segment.

***What if you take more than you need to for any year?*** The required minimum distribution amount for your traditional IRAs is calculated on a year-by-year basis. There are no carry-back or carry-forward provisions. Also, you cannot apply required minimum distribution amounts you take from your qualified plans to the amounts you have to take from your traditional IRAs and vice versa.

***What if you take less than you need to for any year?*** Your IRA could be disqualified, and you could have to pay tax on the entire value. Even if your IRA is not disqualified, you could have to pay a 25% penalty tax on the shortfall (required amount for traditional IRAs less amount actually taken). This penalty tax is reduced to 10% if a distribution of the shortfall is made within two years and prior to the date the excise tax is assessed or imposed by the IRS. It is your responsibility to meet the required minimum distribution rules. We will remind you when our records show that you are within the age group which must take lifetime required minimum distributions. If you do not select a method with us, we will assume you are taking your required minimum distribution from another traditional IRA that you own.

***What are the required minimum distribution payments after you die?*** These vary, depending on the status of your beneficiary (individual or entity) and when you die. The SECURE Act significantly amends the post-death required minimum distribution rules for distributions made beginning January 1, 2020, and in some cases may affect payouts for pre-December 31, 2019 deaths.

***Individual beneficiary***. Unless the individual beneficiary has a special status as an "eligible designated beneficiary" or "EDB" described below, distributions of the remaining amount in the defined contribution plan or IRA contract following your death must be distributed within 10 years in accordance with federal tax rules. If your beneficiary is not an EDB, the entire interest must be distributed by the end of the calendar year which contains the tenth anniversary of your death. If you die before your Required Beginning Date, no distribution is required for a year before that tenth year. If you die on or after your Required Beginning Date, your beneficiary will be required to take an annual post-death required minimum distribution and all remaining amounts must be fully distributed by the end of the year containing the tenth anniversary of your death. It is the beneficiary's responsibility to calculate and satisfy the required minimum distribution rules. Please consult your tax adviser to determine whether annual post-death required minimum distribution payments are required from your contract during the 10-year period.

***Individual beneficiary who has "eligible designated beneficiary" or "EDB" status.*** An individual beneficiary who is an "eligible designated beneficiary" or "EDB" is able to take annual post-death required minimum distribution payments over the life of the EDB or over a period not extending beyond the life expectancy of the EDB, as long as the distributions start no later than one year after your death (to be prescribed in Treasury Regulations).

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Under federal tax law, the following individuals are EDBs:

• your surviving spouse (see *spousal beneficiary,* below);

• your minor children (only while they are minors);

• a disabled individual (Code definition applies);

• a chronically ill individual (Code definition applies); and

• any individual who is not more than 10 years younger than you.

In certain cases, a trust may be treated as an individual and not an entity beneficiary. When minor children reach the age of majority, they stop EDB status and the remainder of the portion of their interest not yet distributed must be distributed within 10 years. However, the contracts issued by the Company do not allow individual beneficiaries who are EDBs solely by virtue of being your minor children to stretch post-death required minimum distribution payments over their lives or life expectancies.

***Spousal beneficiary****.* If your death beneficiary is your surviving spouse, your spouse has a number of choices. As noted above, post-death distributions may be made over your spouse's life or period of life expectancy. Your spouse may delay starting payments over his/her life or life expectancy period until the year in which you would have attained the applicable RMD age. In some circumstances, for traditional IRA contracts only, your surviving spouse may elect to become the owner of the traditional IRA and halt distributions until he or she reaches the applicable RMD age, or roll over amounts from your traditional IRA into his/her own traditional IRA or other eligible retirement plan.

***Non-individual beneficiary****.* Pre-January 1, 2020 rules continue to apply. If you die before your Required Beginning Date for lifetime required minimum distributions, and your death beneficiary is a non-individual such as your estate, the "5-year rule" applies. Under this rule, the entire interest must be distributed by the end of the calendar year which contains the fifth anniversary of the owner's death. **No distribution is required for a year before that fifth year. Please note that we need an individual annuitant to keep an annuity contract in force. If the beneficiary is not an individual, we must distribute amounts remaining in the annuity contract after the death of the annuitant.**

If you die after your Required Beginning Date for lifetime required minimum distributions, and your death beneficiary is a non-individual such as your estate, the rules permit the beneficiary to calculate the post-death required minimum distribution amounts based on the owner's life expectancy in the year of death. **However, note that we need an individual annuitant to keep an annuity contract in force. If the beneficiary is not an individual, we must distribute amounts remaining in the annuity contract after the death of the annuitant.**

***Additional Changes to post-death distributions after the SECURE Act.*** The SECURE Act applies to deaths after December 31, 2019, so that the post-death required

minimum distribution rules in effect before January 1, 2020 continue to apply initially. As long as payments start no later than December 31 following the calendar year of the owner's or participant's death, individuals who are non-spouse beneficiaries may continue to stretch post-death payments over their life. It is also permissible to stretch post-death payments over a period not longer than their life expectancy based on IRS tables as of the calendar year after the owner's or participant's death on a term certain method. In certain cases a "see-through" trust which is the death beneficiary will be treated as an individual for measuring the distribution period.

However, the death of the original individual beneficiary will trigger the "10-year" distribution period. Prior to 2019, for example, if an individual beneficiary who had a 20-year life expectancy period in the year after the owner's or participant's death died in the 7th year of post-death payments, the beneficiary named by the original beneficiary could continue the payments over the remaining 13 years of the original beneficiary's life expectancy period. Even if the owner or participant in this example died before December 31, 2019, the legislation caps the length of any post-death payment period after the death of the original beneficiary at 10 years. As noted above, a rule similar to this applies when an EDB dies, or a minor child reaches the age of majority-the remaining interest must be distributed within 10 years. However, the contracts issued by the Company do not allow individual beneficiaries who are EDBs solely by virtue of being your minor children to stretch post-death required minimum distribution payments over their lives or life expectancies. IRS guidance will be needed to implement the mechanics of these beneficiary status shift provisions.

***Spousal continuation***

If the contract is continued under Spousal continuation, the required minimum distribution rules are applied as if your surviving spouse is the contract owner.

***Payments to a beneficiary after your death***

IRA death benefits are taxed the same as IRA distributions.

***Borrowing and loans are prohibited transactions***

You cannot get loans from a traditional IRA. You cannot use a traditional IRA as collateral for a loan or other obligation. If you borrow against your IRA or use it as collateral, its tax-favored status will be lost as of the first day of the tax year in which this prohibited event occurs. If this happens, you must include the value of the traditional IRA in your federal gross income. Also, the early distribution penalty tax of 10% may apply if you have not reached age 59<sup>1</sup>⁄<sub>2</sub> before the first day of that tax year.

***Early distribution penalty tax***

A penalty tax of 10% of the taxable portion of a distribution applies to distributions from a traditional IRA made before you reach age 59<sup>1</sup>⁄<sub>2</sub>. Some of the available exceptions to the pre-age 59<sup>1</sup>⁄<sub>2</sub> penalty tax include distributions:

• made on or after your death; or

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• made because you are disabled (special federal income tax definition); or

• used to pay for certain extraordinary medical expenses (special federal income tax definition); or

• used to pay medical insurance premiums for unemployed individuals (special federal income tax definition); or

• used to pay certain first-time home buyer expenses (special federal income tax definition — there is a $10,000 lifetime total limit for these distributions from all your traditional and Roth IRAs); or

• used to pay certain higher education expenses (special federal income tax definition); or

• made in connection with the birth or adoption of a child as specified in the Code; or

• in the form of substantially equal periodic payments made at least annually over your life (or your life expectancy), or over the joint lives of you and your beneficiary (or your joint life expectancies) using an IRS-approved distribution method.

Please note that it is your responsibility to claim the penalty exception on your own income tax return and document eligibility for the exception to the IRS.

**Simplified Employee Pensions (SEPs)** 

An employer can establish a Simplified Employee Pension Plan (SEP plan) for its employees, and can make contributions to a contract for each eligible employee. A self-employed individual may be an employer for this purpose. We do not currently offer SEP Roth IRAs. A SEP-IRA contract is a form of traditional IRA contract, owned by the employee-annuitant who is a participant under the SEP plan and most of the rules which apply to traditional IRAs apply. See the discussion under "Traditional individual retirement annuities (traditional IRAs)."

A major difference is the amount of permissible contributions. An employer can annually contribute an amount for an employee up to the lesser of 25% of eligible compensation or $40,000 ($69,000 after cost-of-living adjustment for 2025). This amount may be further adjusted for cost-of-living changes in future years. Rules similar to the federal tax rules governing qualified plans apply to which employees must be covered and calculation of employer contributions under a SEP plan.

Employers must rely on their own tax and legal advisors regarding the establishment and operation of their SEP plans. An employer sponsoring a SEP plan should discuss with its tax advisor the requirements under the SEP plan to make contributions for its employees and should consider the availability of other funding vehicles for the SEP plan, given the limits on the amount and timing of contributions under the SEP-IRA contract.

Participating employees who are considering the purchase of a SEP-IRA contract through a sponsoring employer's SEP plan

contributions should discuss with their employers and their tax advisors that the SEP-IRA contract is not a model traditional IRA established on an IRS form. The Company has not submitted the SEP-IRA contract to the IRS for approval as to its form. Such approval if obtained would be a determination only as to the form of the annuity and would not represent a determination of the merits of the annuity as an investment.

The Company requires a minimum contribution to purchase a SEP-IRA contract which may be larger than the employer contribution with respect to compensation for an employee. In such a case the contract would have to be purchased through a direct transfer from another traditional IRA or through a rollover from another eligible retirement plan, or some combination of contributions permissible under the SEP plan, Code and SEP-IRA contract terms.

Under federal income tax rules employees participating in an employer's SEP plan are not prohibited from making traditional IRA contributions with respect to the employee's compensation to the same traditional IRA which is being funded through employer contributions under the SEP plan. Please note that the terms of the SEP-IRA contract do not permit the SEP-IRA contract owner to make traditional IRA contributions at the same time as the employer sponsoring the SEP plan is making employer contributions to the SEP-IRA contract. However, if the SEP-IRA contract owner requests in writing supported by appropriate documentation that either (i) the sponsoring employer has terminated the SEP plan or (ii) the SEP-IRA contract owner has separated from service with the sponsoring employer, we will remove the "SEP-IRA" designation from the contract on our records and merely retain the "traditional IRA" designation. No fees or charges will be imposed on any such change of designation. Thereafter, we will no longer accept employer contributions. If the IRA contract owner is eligible to make contributions, we will accept traditional IRA regular contributions described in this section under "Traditional individual retirement annuities (traditional IRAs)."

Please also note, if the sponsoring employer's plan is a "Salary Reduction Simplified Employee Pension Plan" or "SARSEP" established before 1997 that the SEP-IRA contract does not accept salary reduction or employer contributions.

**Roth individual retirement annuities ("Roth IRAs")** 

This section of the Prospectus covers some of the special tax rules that apply to Roth IRAs. If the rules are the same as those that apply to the traditional IRA, we will refer you to the same topic under "traditional IRAs."

The Structured Capital Strategies<sup>®</sup> Roth IRA contracts are designed to qualify as Roth individual retirement annuities under Sections 408A(b) and 408(b) of the Internal Revenue Code.

***Contributions to Roth IRAs***

Individuals may make four different types of contributions to a Roth IRA:

• regular after-tax contributions out of earnings; or

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• taxable rollover contributions from traditional IRAs or other eligible retirement plans ("conversion" rollover contributions); or

• tax-free rollover contributions from other Roth individual retirement arrangements (or designated Roth accounts under defined contribution plans); or

• tax-free direct custodian-to-custodian transfers from other Roth IRAs ("direct
transfers").

If you use the forms we require, we will also accept traditional IRA funds which are subsequently recharacterized as Roth IRA funds following special federal income tax rules.

Because the minimum initial contribution the Company requires to purchase this contract is larger than the maximum regular contribution you can make to an IRA for a taxable year, this contract must be purchased through a rollover or direct transfer contribution.

***Regular contributions to Roth IRAs***

***Limits on regular contributions.*** The "maximum regular contribution amount" for any taxable year is the most that can be contributed to all of your IRAs (traditional and Roth) as regular contributions for the particular taxable year. The maximum regular contribution amount depends on age, earnings, and year, among other things. Generally, $7,000 is the maximum amount that you may contribute to all IRAs (traditional IRAs and Roth IRAs) for 2025, after adjustment for cost-of-living changes. This limit does not apply to rollover contributions or direct custodian-to-custodian transfers into a Roth IRA. Any contributions to Roth IRAs reduce the ability to contribute to traditional IRAs and vice versa. When your earnings are below $7,000, your earned income or compensation for the year is the most you can contribute. If you are married and file a joint income tax return, you and your spouse may combine your compensation to determine the amount of regular contributions you are permitted to make to Roth IRAs and traditional IRAs. See the discussion under "Special rules for spouses" under traditional IRAs.

If you or your spouse are at least age 50 at any time during 2025, you may be eligible to make additional catch-up contributions of up to $1,000.

The amount of permissible contributions to Roth IRAs for any year depends on the individual's income limits and marital status. For example, if you are married and filing separately for any year your ability to make regular Roth IRA contributions is greatly limited. The amount of permissible contributions and income limits may be adjusted annually for cost of living. Please consult IRS Publication 590-A, *("Contributions to Individual Retirement Arrangements (IRAs)")* for the rules applicable to the current year.

***When you can make contributions.*** Same as traditional IRAs.

***Deductibility of contributions.*** Roth IRA contributions are not tax deductible.

***Rollover and direct transfer contributions to Roth IRAs***

***What is the difference between rollover and direct transfer transactions?*** The difference between a rollover transaction and a direct transfer transaction is the following: in a rollover transaction you actually take possession of the funds rolled over, or are considered to have received them under tax law in the case of a change from one type of plan to another. In a direct transfer transaction, you never take possession of the funds, but direct the first Roth IRA custodian, trustee, or issuer to transfer the first Roth IRA funds directly to the recipient Roth IRA custodian, trustee or issuer. You can make direct transfer transactions only between identical plan types (for example, Roth IRA to Roth IRA). You can also make rollover transactions between identical plan types. However, you can only make rollovers between different plan types (for example, traditional IRA to Roth IRA).

You may make rollover contributions to a Roth IRA from these sources only:

• another Roth IRA;

• a traditional IRA, including a SEP-IRA or SIMPLE IRA (after a two-year rollover limitation period for SIMPLE IRA funds), in a taxable
conversion rollover ("conversion rollover");

• a "designated Roth contribution account" under a 401(k) plan, 403(b) plan or governmental employer Section 457(b) plan (direct or 60-day); or

• from non-Roth accounts under another eligible retirement plan as described under "Conversion rollover contributions to Roth IRAs."

You may make direct transfer contributions to a Roth IRA only from another Roth IRA.

You may make both Roth IRA to Roth IRA rollover transactions and Roth IRA to Roth IRA direct transfer transactions. This can be accomplished on a completely tax-free basis. However, you may make Roth IRA to Roth IRA rollover transactions only once in any 12-month period for the same funds. We call this the "one-per-year limit." It is the Roth IRA owner's responsibility to determine if this rule is met. Trustee-to-trustee or custodian-to-custodian direct transfers can be made more frequently than once a year. Also, if you send us the rollover contribution to apply it to a Roth IRA, you must do so within 60 days after you receive the proceeds from the original IRA to get rollover treatment.

The surviving spouse beneficiary of a deceased individual can roll over or directly transfer an inherited Roth IRA to one or more other Roth IRAs. In some cases, Roth IRAs can be transferred on a tax-free basis between spouses or former spouses as a result of a court-ordered divorce or separation decree.

***Conversion rollover contributions to Roth IRAs***

In a conversion rollover transaction, you withdraw (or are considered to have withdrawn) all or a portion of funds from a traditional IRA you maintain and convert it to a Roth IRA within 60 days after you receive (or are considered to have

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received) the traditional IRA proceeds. Amounts can also be rolled over from non-Roth accounts under another eligible retirement plan, including a Code Section 401(a) qualified plan, a 403(b) plan, and a governmental employer Section 457(b) plan.

Unlike a rollover from a traditional IRA to another traditional IRA, a conversion rollover transaction from a traditional IRA or other eligible retirement plan to a Roth IRA is not tax-free. Instead, the distribution from the traditional IRA or other eligible retirement plan is generally fully taxable. If you are converting all or part of a traditional IRA, and you have ever made nondeductible regular contributions to any traditional IRA — whether or not it is the traditional IRA you are converting — a pro rata portion of the distribution is tax-free. Even if you are under age 59<sup>1</sup>⁄<sub>2</sub>, the early distribution penalty tax does not apply to conversion rollover contributions to a Roth IRA.

Conversion rollover contributions to Roth IRAs are not subject to the "one-per-year limit" noted in this section.

You cannot make conversion contributions to a Roth IRA to the extent that the funds in your traditional IRA or other eligible retirement plan are subject to the lifetime annual required minimum distribution rules.

The IRS and Treasury have issued Proposed and Temporary Treasury Regulations addressing the valuation of annuity contracts funding traditional IRAs in the conversion to Roth IRAs. Although these Regulations are not clear, they could require an individual's gross income on the conversion of a traditional IRA to a Roth IRA to be measured using various actuarial methods and not as if the annuity contract funding the traditional IRA had been surrendered at the time of conversion. This could increase the amount of income reported in certain circumstances.

***Recharacterizations***

You may be able to treat a contribution made to one type of IRA as having been made to a different type of IRA. This is called recharacterizing the contribution.

***How to recharacterize.*** To recharacterize a contribution, you generally must have the contribution transferred from the first IRA (the one to which it was made) to the second IRA in a deemed trustee-to-trustee transfer. If the transfer is made by the due date (including extensions) for your tax return for the year during which the contribution was made, you can elect to treat the contribution as having been originally made to the second IRA instead of to the first IRA. It will be treated as having been made to the second IRA on the same date that it was actually made to the first IRA. You must report the recharacterization, and must treat the contribution as having been made to the second IRA, instead of the first IRA, on your tax return for the year during which the contribution was made.

The contribution will not be treated as having been made to the second IRA unless the transfer includes any net income allocable to the contribution. You can take into account any loss on the contribution while it was in the IRA

when calculating the amount that must be transferred. If there was a loss, the net income you must transfer may be a negative amount.

No deduction is allowed for the contribution to the first IRA and any net income transferred with the recharacterized contribution is treated as earned in the second IRA. The contribution will not be treated as having been made to the second IRA to the extent any deduction was allowed with respect to the contribution to the first IRA.

Conversion rollover contributions to Roth IRAs cannot be recharacterized.

To recharacterize a contribution you must use our forms.

***Withdrawals, payments and transfers of funds out of Roth IRAs***

***No federal income tax law restrictions on withdrawals.*** You can withdraw any or all of your funds from a Roth IRA at any time; you do not need to wait for a special event like retirement.

***Distributions from Roth IRAs***

Distributions include withdrawals from your contract, surrender and termination of your contract and annuity payments from your contract. Death benefits are also distributions.

You must keep your own records of regular and conversion contributions to all Roth IRAs to assure appropriate taxation. You may have to file information on your contributions to and distributions from any Roth IRA on your tax return. You may have to retain all income tax returns and records pertaining to such contributions and distributions until your interests in all Roth IRAs are distributed.

Like traditional IRAs, taxable distributions from a Roth IRA are not entitled to the special favorable ten-year averaging and long-term capital gain treatment available in limited cases to certain distributions from qualified plans.

The following distributions from Roth IRAs are free of income tax:

• rollovers from a Roth IRA to another Roth IRA;

• direct transfers from a Roth IRA to another Roth IRA;

• qualified distributions from a Roth IRA; and

• return of excess contributions or amounts recharacterized to a traditional IRA.

***Qualified distributions from Roth IRAs.*** Qualified distributions from Roth IRAs made because of one of the following four qualifying events or reasons are not includable in income:

• you are age 59<sup>1</sup>⁄<sub>2</sub> or older; or

• you die; or

• you become disabled (special federal income tax definition); or

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• your distribution is a "qualified first-time homebuyer distribution" (special federal income tax definition; $10,000 lifetime total limit for these distributions from all of your traditional and Roth IRAs).

You also have to meet a five-year aging period. A qualified distribution is any distribution made after the five-taxable year period beginning with the first taxable year for which you made any contribution to any Roth IRA (whether or not the one from which the distribution is being made).

***Nonqualified distributions from Roth IRAs.*** Nonqualified distributions from Roth IRAs are distributions that do not meet both the qualifying event and five-year aging period tests described above. If you receive such a distribution, part of it may be taxable. For purposes of determining the correct tax treatment of distributions (other than the withdrawal of excess contributions and the earnings on them), there is a set order in which contributions (including conversion contributions) and earnings are considered to be distributed from your Roth IRA. The order of distributions is as follows:

(1) Regular contributions.

(2) Conversion contributions, on a first-in-first-out basis (generally, total conversions from the earliest year first). These conversion contributions are taken into account as follows:

(a) Taxable portion (the amount required to be included in gross income because of conversion) first, and then the

(b) Nontaxable portion.

(3) Earnings on contributions.

Rollover contributions from other Roth IRAs are disregarded for this purpose.

To determine the taxable amounts distributed, distributions and contributions are aggregated or grouped and added together as follows:

(1) All distributions made during the year from all Roth IRAs you maintain — within any custodian or issuer — are
added together.

(2) All regular contributions made during and for the year (contributions made after the close of the year, but before the
due date of your return) are added together. This total is added to the total undistributed regular contributions made in prior years.

(3) All conversion contributions made during the year are added together.

Any recharacterized contributions that end up in a Roth IRA are added to the appropriate contribution group for the year that the original contribution would have been taken into account if it had been made directly to the Roth IRA.

Any recharacterized contribution that ends up in an IRA other than a Roth IRA is disregarded for the purpose of grouping both contributions and distributions. Any amount withdrawn to correct an excess contribution (including the earnings withdrawn) is also disregarded for this purpose.

***Required minimum distributions***

Lifetime minimum distribution requirements do not apply.

***Required minimum distributions at death***

Same as traditional IRA under "What are the required minimum distribution payments after you die?".

***Payments to a beneficiary after your death***

Distributions to a beneficiary generally receive the same tax treatment as if the distribution had been made to you.

***Borrowing and loans are prohibited transactions***

Same as traditional IRA.

***Excess contributions***

Generally the same as traditional IRA.

Excess rollover contributions to Roth IRAs are contributions not eligible to be rolled over.

You can withdraw or recharacterize any contribution to a Roth IRA before the due date (including extensions) for filing your federal income tax return for the tax year. If you do this, you must also withdraw or recharacterize any earnings attributable to the contribution.

***Early distribution penalty tax***

Same as traditional IRA.

**Tax withholding and information reporting** 

***Status for income tax purposes; FATCA.*** In order for us to comply with income tax withholding and information reporting rules which may apply to annuity contracts and tax-qualified or tax-favored plan participation, we request documentation of "status" for tax purposes. "Status" for tax purposes generally means whether a person is a "U.S. person" or a foreign person with respect to the United States; whether a person is an individual or an entity, and if an entity, the type of entity. Status for tax purposes is best documented on the appropriate IRS Form or substitute certification form (IRS Form W-9 for a U.S. person or the appropriate type of IRS Form W-8 for a foreign person). If we do not have appropriate certification or documentation of a person's status for tax purposes on file, it could affect the rate at which we are required to withhold income tax, and penalties could apply. Information reporting rules could apply not only to specified transactions, but also to contract ownership. For example, under the Foreign Account Tax Compliance Act ("FATCA"), which applies to certain U.S.-source payments, and similar or related withholding and information reporting rules, we may be required to report account values and other information for certain contractholders. For this reason we and our affiliates intend to require appropriate status documentation at purchase, change of ownership, and affected payment transactions, including death benefit payments. FATCA and its related guidance is extraordinarily complex and its effect varies considerably by type of payor, type of payee and type of recipient.

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***Tax Withholding.*** We must withhold federal income tax from distributions from annuity contracts and specified tax-favored savings or retirement plans or arrangements. You may be able to elect out of this income tax withholding in some cases. Generally, we do not have to withhold if your distributions are not taxable. The rate of withholding will depend on the type of distribution and, in certain cases, the amount of your distribution. Any income tax withheld is a credit against your income tax liability. If you do not have sufficient income tax withheld or do not make sufficient estimated income tax payments, you may incur penalties under the estimated income tax rules.

You must file your request not to withhold in writing before the payment or distribution is made. Our processing office will provide forms for this purpose. You cannot elect out of withholding unless you provide us with your correct Taxpayer Identification Number and a United States residence address. You cannot elect out of withholding if we are sending the payment out of the United States.

You should note the following special situations:

• we might have to withhold and/or report on amounts we pay under a free look or cancellation.

• we are required to withhold on the gross amount of a distribution from a Roth IRA to the extent it is reasonable for us to believe that a distribution is includable in your gross income. This may result in tax being
withheld even though the Roth IRA distribution is ultimately not taxable.

Special withholding rules apply to United States citizens residing outside of the United States, foreign recipients, and certain U.S. entity recipients which are treated as foreign because they fail to document their U.S. status before payment is made. We do not discuss these rules here in detail. However, we may require additional documentation in the case of payments made to United States persons living abroad and non-United States persons (including U.S. entities treated as foreign) prior to processing any requested transaction.

Certain states have indicated that state income tax withholding will also apply to payments from the contracts made to residents. Generally, an election out of federal withholding will also be considered an election out of state withholding. In some states, you may elect out of state withholding, even if federal withholding applies. In some states, the income tax withholding is completely independent of federal income tax withholding. If you need more information concerning a particular state or any required forms, call our processing office at the toll-free number.

***Federal income tax withholding on periodic annuity payments***

Federal tax rules require payers to withhold differently on "periodic" and "nonperiodic" payments. Payers are to withhold from periodic annuity payments as if the payments were wages. For a periodic annuity payment, for example, the annuity contract owner's withholding depends on what

the owner specifies on a Form W-4P. If the owner fails to provide a correct Taxpayer Identification Number, withholding at the highest rate applies.

A contract owner's withholding election remains effective unless and until the owner revokes it. The contract owner may revoke or change a withholding election at any time.

***Federal income tax withholding on non-periodic annuity payments (withdrawals)***

Non-periodic distributions include partial withdrawals, total surrenders and death benefits. Unless the annuity contract owner elects a different rate on a Form W-4R, payers generally withhold federal income tax at a flat 10% rate from (i) the taxable amount in the case of nonqualified contracts, and (ii) the payment amount in the case of traditional IRAs and Roth IRAs, where it is reasonable to assume an amount is includable in gross income.

**Impact of taxes to the Company** 

The contracts provide that we may charge the Non-Unitized Separate Account for taxes. We do not now, but may in the future set up reserves for such taxes.

We are entitled to certain tax benefits related to the investment of company assets, including assets of the separate account. These tax benefits, which may include the foreign tax credit and the corporate dividends received deduction, are not passed back to you, since we are the owner of the assets from which tax benefits may be derived**.**

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**9.** More information

**The Non-Unitized Separate Account** 

We may hold assets in the Non-Unitized Separate Account to support our obligations under the Structured Investment Option. We own the assets of the Non-Unitized Separate Account, as well as any favorable investment performance on those assets. You do not participate in the performance of the assets held in the Non-Unitized Separate Account. We are obligated to pay all money we owe under the contract. If the obligation exceeds the assets of the Non-Unitized Separate Account, funds will be transferred to the Non-Unitized Separate Account from the general account. We may, subject to applicable state law, transfer all assets allocated to the Non-Unitized Separate Account to our general account. We guarantee all benefits relating to your value in the Structured Investment Option, regardless of whether assets supporting the Structured Investment Option are held in a non-unitized separate account or our general account. An owner should look to the financial strength of the Company for its claims-paying ability. For more information, see "About the general account".

We may invest Non-Unitized Separate Account assets in fixed-income obligations, including corporate bonds, mortgage-backed and asset-backed securities, and government and agency issues. We may also invest in interest rate swaps. Although the above generally describes our plans for investing the assets supporting our obligations under the Structured Investment Option, we are not obligated to invest those assets according to any particular plan except as we may be required to by state insurance laws.

**About the general account** 

This contract is offered to customers through various financial institutions, brokerage firms and their affiliate insurance agencies. No financial institution, brokerage firm or insurance agency has any liability with respect to a contract's account value, guaranteed benefits, or the Structured Investment Option with which the contract was issued. The Company is solely responsible to the contract owner for the contract's account value, guaranteed benefits, and the Structured Investment Option. The general obligations, and guaranteed benefits, and the Structured Investment Option under the contract are supported by the Company's general account and are subject to the Company's claims-paying ability. An owner should look to the financial strength of the Company for its claims-paying ability. We may hold assets in the general account to support our obligations under the Structured Investment Option. Assets in the general account are not segregated for the exclusive benefit of any particular contract or obligation. General account assets are also available to the insurer's general creditors and the conduct of its routine business activities, such as the payment of salaries, rent and other

ordinary business expenses. For more information about the Company's financial strength, you may review its financial statements and/or check its current rating with one or more of the independent sources that rate insurance companies for their financial strength and stability. Such ratings are subject to change. You may also speak with your financial representative.

The general account is subject to regulation and supervision by the Commissioner of Insurance in the state of Arizona (for Equitable America), the New York State Department of Financial Services (for Equitable Financial), and to the insurance laws and regulations of all jurisdictions where we are authorized to do business. Interests in the Structured Investment Option under the contracts are issued by the Company and are registered under the Securities Act of 1933. Interests under the contracts in the general account have not been registered and are not required to be registered under the Securities Act of 1933 because of exemptions and exclusionary provisions that apply. The general account is not required to register as an investment company under the Investment Company Act of 1940 and it is not registered as an investment company under the Investment Company Act of 1940. The disclosure with regard to the general account, is subject to certain provisions of the federal securities laws relating to the accuracy and completeness of statements made in prospectuses. The contract is a "covered security" under the federal securities laws.

**About other methods of payment** 

***Wire transmittals and electronic transactions***

We accept initial and subsequent contributions sent by wire to our processing office by agreement with certain broker-dealers. Such transmittals must be accompanied by information we require to allocate your contribution. Wire orders not accompanied by complete information may be retained as described under "How you can make your contributions" under "Purchasing the Contract" earlier in this Prospectus.

Even if we accept the wire order and essential information, a contract generally will not be issued until we receive and accept a properly completed application. In certain cases we may issue a contract based on information provided through certain broker-dealers with which we have established electronic facilities. In any such cases, you must sign our Acknowledgement of Receipt form.

Where we require a signed application, the above procedures do not apply and no transactions will be permitted until we receive the signed application and have issued the contract. Where we issue a contract based on information provided through electronic facilities, we require an Acknowledgement of Receipt Form. We may also require

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additional information. Until we receive the Acknowledgement of Receipt Form, (i.e. withdrawals and surrenders) financial transactions will not be permitted unless you request them in writing, sign the request and have it signature guaranteed. After your contract has been issued, additional contributions may be transmitted by wire.

In general, the transaction date for electronic transmissions is the date on which we receive at our regular processing office all required information and the funds due for your contribution. We may also establish same-day electronic processing facilities with a broker-dealer that has undertaken to pay contribution amounts on behalf of its customers. In such cases, the transaction date for properly processed orders is the business day on which the broker-dealer inputs all required information into its electronic processing system. You can contact us to find out more about such arrangements.

After your contract has been issued, subsequent contributions may be transmitted by wire.

**Dates and prices at which contract events occur** 

We describe below the general rules for when, and at what prices, events under your contract will occur. Other portions of this Prospectus describe circumstances that may cause exceptions. We generally do not repeat those exceptions below.

***Business Day***

Our "business day" is generally any day the NYSE is open for regular trading and generally ends at 4:00 p.m. Eastern Time (or as of an earlier close of regular trading). If the SEC determines the existence of emergency conditions on any day, and consequently, the NYSE does not open, then that day is not a business day. Contributions will be applied and any other transaction requests will be processed when they are received along with all the required information unless another date applies as indicated below.

• If your contribution, transfer or any other transaction request containing all the required information reaches us on any of the following, we will use the next business day:

— on a non-business day;

— after 4:00 p.m. Eastern Time on a business day; or

— after an early close of regular trading on the NYSE on a business day.

• If your transaction is set to occur on the same day of the month as the contract date and that date is the 29th, 30th or 31st of the month, then the transaction will occur on the 1st day of the next month.

• When a charge is to be deducted on a contract date anniversary that is a non-business day, we will deduct the charge on the next business day.

• If we have entered into an agreement with your broker-dealer for automated processing of contributions and/or transfers upon receipt of customer order, your contribution and/or transfer will be considered received at
the time your broker-dealer receives your contribution and/or

transfer and all information needed to process your application, along with any required documents. Your broker-dealer will then transmit your order to us in accordance with our processing procedures. However, in such cases, your broker-dealer is considered a processing office for the purpose of receiving the contribution and/or transfer. Such arrangements may apply to initial contributions, subsequent contributions and/or transfers, or both, and may be commenced or terminated at any time without prior notice. If required by law, the "closing time" for such orders will be earlier than 4:00 p.m., Eastern Time. <br>

**Statutory compliance** 

We have the right to change your contract without the consent of any other person in order to comply with any laws and regulations that apply, including but not limited to changes in the Internal Revenue Code, in Treasury Regulations or in published rulings of the Internal Revenue Service and in Department of Labor regulations.

Any change in your contract must be in writing and made by an authorized officer of the Company. We will provide notice of any contract change.

The benefits under your contract will not be less than the minimum benefits required by any state law that applies.

**About legal proceedings** 

The Company and its affiliates are parties to various legal proceedings. In our view, none of these proceedings would be likely to have a material adverse effect upon our ability to meet our obligations under the contracts.

**Financial statements** 

The consolidated financial statements and financial statement schedules of the Company, are incorporated by reference in the SAI. The consolidated financial statements and financial statement schedules of the Company have relevance to the contracts only to the extent that they bear upon the ability of the Company to meet its obligations under the contracts. The SAI is available free of charge. You may request one by writing to our processing office or calling 1-800-789-7771.

**Transfers of ownership, collateral assignments, loans, and borrowing** 

You can transfer ownership of an NQ contract at any time before annuity payments begin, subject to our acceptance. We will continue to treat you as the owner until we receive written notification of any change at our processing office. In some cases, an assignment or change of ownership may have adverse tax consequences. See "Tax information" earlier in this Prospectus.

We may refuse to process a change of ownership of an NQ contract without appropriate documentation of status on IRS Form W-9 (or, if IRS Form W-9 cannot be provided because the entity is not a U.S. entity, on the appropriate type of Form W-8).

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Following a change of ownership, the existing beneficiary designations will remain in effect until the new owner provides new designations.

You cannot assign or transfer ownership of a traditional IRA or Roth IRA contract except by surrender to us. This rule also generally applies to QP contracts.

You cannot collaterally assign your NQ contract. Loans are also not available under your contract. For limited transfers of ownership after the owner's death see "Beneficiary continuation option" in "Payment of death benefit" earlier in this Prospectus. You may direct the transfer of the values under your traditional IRA or Roth IRA contract to another similar arrangement under federal income tax rules. In the case of such a transfer, which involves a surrender of your contract, we will impose a withdrawal charge if one applies.

**About Custodial IRAs** 

For certain custodial IRA accounts, after your contract has been issued, we may accept transfer instructions by telephone, mail, facsimile or electronically from a broker-dealer, provided that we or your broker-dealer have your written authorization to do so on file. Accordingly, the Company will rely on the stated identity of the person placing instructions as authorized to do so on your behalf. The Company will not be liable for any claim, loss, liability or expenses that may arise out of such instructions. The Company will continue to rely on this authorization until it receives your written notification at its processing office that you have withdrawn this authorization. The Company may change or terminate telephone or electronic or overnight mail transfer procedures at any time without prior written notice and restrict facsimile, internet, telephone and other electronic transfer services because of disruptive transfer activity.

**Distribution of the contracts** 

The contracts are distributed by both Equitable Advisors and Equitable Distributors. The offering of the contracts is intended to be continuous.

Equitable Advisors is an affiliate of the Company, and Equitable Distributors is a wholly owned subsidiary of Equitable Financial. The Distributors are under the common control of Equitable Holdings, Inc. Their principal business address is 1345 Avenue of the Americas, New York, NY 10105. The Distributors are registered with the SEC as broker-dealers and are members of the Financial Industry Regulatory Authority, Inc. ("FINRA"). Both broker-dealers also act as distributors for other life and annuity products we issue.

The contracts are sold by financial professionals of Equitable Advisors and its affiliates. The contracts may also be sold by financial professionals of unaffiliated broker-dealers that have entered into selling agreements with Equitable Distributors ("Selling broker-dealers").

The Company pays compensation to both Distributors based on contracts sold. The Company may also make additional

payments to the Distributors, and the Distributors may, in turn, make additional payments to certain Selling broker-dealers. All payments will be in compliance with all applicable FINRA rules and other laws and regulations.

Although the Company takes into account all of its distribution and other costs in establishing the level of fees and charges under its contracts, none of the compensation paid to the Distributors or the Selling broker-dealers discussed in this section of the Prospectus are imposed as separate fees or charges under your contract. The Company, however, intends to recoup amounts it pays for distribution and other services through the fees and charges of the contract. For information about the fees and charges under the contract, see "Fee table" and "Charges, Expenses, and Adjustments" earlier in this Prospectus.

***Equitable Advisors Compensation.***

For Series B and Select contracts, the Company pays compensation to Equitable Advisors based on contributions made on the contracts sold through Equitable Advisors ("contribution-based compensation"). The contribution-based compensation will generally not exceed 8.5% of total contributions. Equitable Advisors, in turn, may pay a portion of the contribution-based compensation received from the Company to the Equitable Advisors financial professional and/or the Selling broker-dealer making the sale. In some instances, a financial professional or a Selling broker-dealer may elect to receive reduced contribution-based compensation on a contract in combination with ongoing annual compensation of up to 1.0% of the account value of the contract sold ("asset-based compensation"). Total compensation paid to a financial professional or a Selling broker-dealer electing to receive both contribution-based and asset-based compensation could, over time, exceed the total compensation that would otherwise be paid on the basis of contributions alone. The compensation paid by Equitable Advisors varies among financial professionals and among Selling broker-dealers. Equitable Advisors also pays a portion of the compensation it receives to its managerial personnel. Equitable Advisors financial professionals and managerial personnel may also receive other types of compensation including service fees, expense allowance payments and health and retirement benefits. Equitable Advisors also pays its financial professionals, managerial personnel and Selling broker-dealers sales bonuses (based on selling certain products during specified periods) and persistency bonuses. Equitable Advisors may offer sales incentive programs to financial professionals and Selling broker-dealers who meet specified production levels for the sales of both the Company's contracts and contracts offered by other companies. These incentives provide non-cash compensation such as stock options awards and/or stock appreciation rights, expense-paid trips, expense-paid education seminars and merchandise.

When a contract is sold by a Selling broker-dealer, the Selling broker-dealer, not Equitable Advisors, determines the compensation paid to the Selling broker-dealer's financial

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professional for the sale of the contract. Therefore, you should contract your financial professional for information about the compensation he or she receives and any related incentives, as described immediately below.

Equitable Advisors may receive compensation, and, in turn, pay its financial professionals a portion of such fee, from third party investment advisors to whom its financial professionals refer customers for professional management of the assets within their contract.

***Differential compensation.*** In an effort to promote the sale of the Company's products, Equitable Advisors may pay its financial professionals and managerial personnel a greater percentage of contribution-based compensation and/or asset-based compensation for the sale of our contract than it pays for the sale of a contract or other financial product issued by a company other than us. Equitable Advisors may pay different compensation on the sale of the same product, based on such factors as distribution, group or sponsored arrangements, or based on older or newer versions, or series, of the same contract. Equitable Advisors also pay different levels of compensation based on different contract types. This practice is known as providing "differential compensation." Differential compensation may involve other forms of compensation to Equitable Advisors personnel. Certain components of the compensation paid to managerial personnel are based on whether the sales involve the Company's contracts. Managers earn higher compensation (and credits toward awards and bonuses) if the financial professionals they manage sell a higher percentage of the Company's contracts than products issued by other companies. Other forms of compensation provided to its financial professionals and/or managerial personnel include health and retirement benefits, expense reimbursements, marketing allowances and contribution-based payments, known as "overrides." For tax reasons, Equitable Advisors financial professionals qualify for health and retirement benefits based solely on their sales of the Company's contracts and products sponsored by affiliates.

The fact that Equitable Advisors financial professionals receive differential compensation and additional payments may provide an incentive for those financial professionals to recommend our contract over a contract or other financial product issued by a company not affiliated with the Company. However, under applicable rules of FINRA and other federal and state regulatory authorities, Equitable Advisors financial professionals may only recommend to you products that they reasonably believe are suitable for you and, for certain accounts depending on applicable rules, that are in your best interest, based on the facts that you have disclosed as to your other security holdings, financial situation and needs. In making any recommendation, financial professionals of Equitable Advisors may nonetheless face conflicts of interest because of the differences in compensation from one product category to another, and because of differences in compensation among products in the same category. For more information, contact your financial professional.

***Equitable Distributors Compensation.***

The Company pays contribution-based and asset-based compensation (together "compensation") to Equitable Distributors. Contribution-based compensation is paid based on the Company's contracts sold through Equitable Distributors' Selling broker-dealers. Asset-based compensation is paid based on the aggregate account value of contracts sold through certain of Equitable Distributors' Selling broker-dealers. Contribution-compensation will generally not exceed 7.0% of the total contributions made under the contracts. Equitable Distributors, in turn, pays the contribution-based compensation it receives on the sale of a contract to the Selling broker-dealer making the sale. In some instances, the Selling broker-dealer may elect to receive reduced contribution-based compensation on the sale of the contract in combination with annual asset-based compensation of up to 1.0% of the account value of the contract sold. If a Selling broker-dealer elects to receive reduced contribution-based compensation on a contract, the contribution-based compensation which the Company pays to Equitable Distributors will be reduced by the same amount, and the Company will pay Equitable Distributors asset-based compensation on the contract equal to the asset-based compensation which Equitable Distributors pays to the Selling broker-dealer. Total compensation paid to a Selling broker-dealer electing to receive both contribution-based and asset-based compensation could over time exceed the total compensation that would otherwise be paid on the basis of contributions alone. The contribution-based and asset-based compensation paid by Equitable Distributors varies among Selling broker-dealers.

The Selling broker-dealer, not Equitable Distributors, determines the compensation paid to the Selling broker-dealer's financial professional for the sale of the contract. Therefore, you should contact your financial professional for information about the compensation he or she receives and any related incentives, such as differential compensation paid for various products.

The Company also pays Equitable Distributors compensation to cover its operating expenses and marketing services under the terms of the Company's distribution agreements with Equitable Distributors.

***Additional payments by Equitable Distributors to Selling broker-dealers.*** Equitable Distributors may pay, out of its assets, certain Selling broker-dealers and other financial intermediaries additional compensation in recognition of services provided or expenses incurred. Equitable Distributors may also pay certain Selling broker-dealers or other financial intermediaries additional compensation for enhanced marketing opportunities and other services (commonly referred to as "marketing allowances"). Services for which such payments are made may include, but are not limited to, the preferred placement of the Company's products on a company and/or product list; sales personnel training; product training; business reporting; technological support; due diligence and related costs; advertising, marketing and related services; conference; and/or other support services,

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including some that may benefit the contract owner. Payments may be based on ongoing sales, on the aggregate account value attributable to contracts sold through a Selling broker-dealer or such payments may be a fixed amount. For certain selling broker-dealers, Equitable Distributors increases the marketing allowance as certain sales thresholds are met. Equitable Distributors may also make fixed payments to Selling broker-dealers, for example in connection with the initiation of a new relationship or the introduction of a new product.

Additionally, as an incentive for the financial professionals of Selling broker-dealers to promote the sale of the Company's products, Equitable Distributors may increase the sales compensation paid to the Selling broker-dealer for a period of time (commonly referred to as "compensation enhancements"). Equitable Distributors also has entered into agreements with certain selling broker-dealers in which the selling broker-dealer agrees to sell certain of our contracts exclusively.

These additional payments may serve as an incentive for Selling broker-dealers to promote the sale of the Company's contracts over contracts and other products issued by other companies. Not all Selling broker-dealers receive additional payments, and the payments vary among Selling broker-dealers. The list below includes the names of Selling broker-dealers that we are aware (as of December 31, 2024) received additional payments. These additional payments ranged from $3,126.06 to $7,644,442.98. The Company and its affiliates may also have other business relationships with Selling broker-dealers, which may provide an incentive for the Selling broker-dealers to promote the sale of the Company's contracts over contracts and other products issued by other companies. The list below includes any such Selling broker-dealer. For more information, ask your financial professional.

AAG Capital Inc., AE Financial Services, LLC, Allstate Financial Services, LLC, Ameriprise Financial Services, LLC, Aretec Group Inc., Atria Wealth Solutions, Ausdal Financial Partners, Inc., Cambridge Investment Research, Capital Investment Group Inc., Centaurus Financial, Inc., Chase Insurance Agency, Inc., Citigroup Global Markets, Inc., Citizens Investment Services, Commonwealth Financial Network, Copper Financial Network, LLC, DPL Financial Partners, Equity Services Inc., Farmers Financial Solution LLC, First Horizon Advisors, Inc., Geneos Wealth Management Inc., Gradient Securities, LLC, Halo Securities LLC, Harbour Investments, Inc., Independent Financial Group LLC, J.W. Cole Financial, Inc., Janney Montgomery Scott LLC, Kestra Investment Services LLC, Key Investment Services LLC, Kovack Securities Inc., Lincoln Financial Advisors Corp., Lincoln Financial Securities Corp., Lincoln Investment Planning, Lion Street Financial LLC, LPL Financial Corporation, Madison Avenue Securities, LLC, MML Investors Services, LLC, Morgan Stanley Smith Barney, Mutual of Omaha Investor Services Inc., OneAmerica Securities Inc., Osaic Inc. (The Advisor Group (AIG)), Park Avenue Securities, LLC, PlanMember Securities Corp., PNC Investments, LLC, Primerica Financial Services, Inc., Principal Securities, Inc., Pruco Securities, LLC, Raymond James & Associates Inc., RBC Capital Markets Corporation, Santander Securities Corporation, The Huntington Investment Company, The Leaders Group, Inc., The

Wentworth Group, LLC, TransAmerica Financial Advisors, U.S. Bancorp Advisors, LLC, U.S. Bancorp Investments, Inc., Valmark Securities Inc., Voya Financial Advisors, Inc., Wells Fargo Advisors, LLC.

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Appendix: Investment Options available under the contract

**Index-Linked Options** 

The following is a list of Segments of the SIO currently available under the contract. We may change the features of the Segments listed below (including the Index and the current limits on Index gains and losses), offer new Segments, and terminate existing Segments. We will provide you with written notice before making any changes other than changes to current limits on Index gains. Information about current limits on index gains is available at www.equitable.com/scspremier. See "Structured Investment Option" in "Purchasing the contract" for additional information about the Indices, the Segment Rate of Return calculation methods, and the operation of the Segment Buffer, Performance Cap Rate, Participation Rate, and Step Rate.

**Note: If amounts are removed from a Segment before the Segment Maturity Date, we will apply a Segment Interim Value adjustment. This may result in a significant reduction in your account value that could exceed any protection from Index loss that would be in place if you held the option until the Segment Maturity Date. See "Adjustments with respect to early distributions from Segments" in "Charges, Expenses, and Adjustments" for more information about Segment Interim Value.** 

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | **Minimum Limit on Index Gain for the Life<br>of the Segment** | **Minimum Limit on Index Gain for the Life<br>of the Segment** | **Minimum Limit on Index Gain for the Life<br>of the Segment** |
| <br>&nbsp;&nbsp;&nbsp;**Index** | <br>**Type of Index** | <br>**Segment<br>Duration** | <br>**Segment Rate**<br> **of Return**<br> **Calculation**<br> **Method** | <br>**Current Limit on Index**<br> **Loss if held until**<br> **Segment Maturity Date**<br> **(Segment Buffer)** | **Performance<br>Cap Rate** | **Participation<br>Rate** | **Step Rate** |
| &nbsp;&nbsp;&nbsp; S&P 500 Price Return Index\* | Market Index | 6 year<br> 1 year | Standard | -10%; -15%; -20%; -40%<br> -10%; -15%; -20%; -40% | 12%<br> 2% | 100%<br> 100% | NA<br> NA |
| &nbsp;&nbsp;&nbsp; Russell 2000<sup>®</sup> Price Return Index\* | Market Index | 6 year<br> 1 year | Standard | -10%; -15%; -20%; -40%<br> -10%; -15%; -20%; -40% | 12%<br> 2% | 100%<br> 100% | NA<br> NA |
| &nbsp;&nbsp;&nbsp; MSCI EAFE Price Return Index\* | Market Index | 6 year<br> 1 year | Standard | -10%; -15%; -20%; -40%<br> -10%; -15%; -20%; -40% | 12%<br> 2% | 100%<br> 100% | NA<br> NA |
| &nbsp;&nbsp;&nbsp; NASDAQ-100 Price Return Index\* | Market Index | 6 year<br> 1 year | Standard | -10%; -15%; -20%; -40%<br> -10%; -15%; -20%; -40% | 12%<br> 2% | 100%<br> 100% | NA<br> NA |
| &nbsp;&nbsp;&nbsp; S&P 500 Price Return Index\* | Market Index | 6 year<br> 1 year | Step Up | -10%; -20%; -40%<br> -10%; -15%; -20%; -40% | 12%<br> 2% | 100%<br> 100% | NA<br> NA |
| &nbsp;&nbsp;&nbsp; Russell 2000<sup>®</sup> Price Return Index\* | Market Index | 1 year | Step Up | -10%; -15%; -20%; -40% | 2% | 100% | NA |
| &nbsp;&nbsp;&nbsp; MSCI EAFE Price Return Index\* | Market Index | 1 year | Step Up | -10%; -15%; -20%; -40% | 2% | 100% | NA |
| &nbsp;&nbsp;&nbsp; NASDAQ-100 Price Return Index\* | Market Index | 1 year | Step Up | -10%; -15%; -20%; -40% | 2% | 100% | NA |
| &nbsp;&nbsp;&nbsp; S&P 500 Price Return Index\* | Market Index | 6 year<br> 1 year | Dual Direction | -10%; -15%; -20%; -40%<br> -10%; -15%; -20% | 12%<br> 2% | 100%<br> 100% | NA<br> NA |
| &nbsp;&nbsp;&nbsp; Russell 2000<sup>®</sup> Price Return Index\* | Market Index | 6 year<br> 1 year | Dual Direction | -10%; -15%; -20%; -40%<br> -10%; -15%; -20% | 12%<br> 2% | 100%<br> 100% | NA<br> NA |
| &nbsp;&nbsp;&nbsp; MSCI EAFE Price Return Index\* | Market Index | 6 year<br> 1 year | Dual Direction | -10%; -15%; -20%; -40%<br> -10%; -15%; -20% | 12%<br> 2% | 100%<br> 100% | NA<br> NA |
| &nbsp;&nbsp;&nbsp; NASDAQ-100 Price Return Index\* | Market Index | 6 year<br> 1 year | Dual Direction | -10%; -15%; -20%; -40%<br> -10%; -15%; -20% | 12%<br> 2% | 100%<br> 100% | NA<br> NA |
| &nbsp;&nbsp;&nbsp; S&P 500 Price Return Index\* | Market Index | 6 year<br> 1 year | Dual Step Up | -10%; -20%; -40%<br> -10%; -15%; -20%; -40% | 12%<br> 2% | 100%<br> 100% | NA<br> NA |
| &nbsp;&nbsp;&nbsp; Russell 2000<sup>®</sup> Price Return Index\* | Market Index | 6 year<br> 1 year | Dual Step Up | -10%; -20%; -40%<br> -10%; -15%; -20%; -40% | 12%<br> 2% | 100%<br> 100% | NA<br> NA |
| &nbsp;&nbsp;&nbsp; MSCI EAFE Price Return Index\* | Market Index | 6 year<br> 1 year | Dual Step Up | -10%; -20%; -40%<br> -10%; -15%; -20%; -40% | 12%<br> 2% | 100%<br> 100% | NA<br> NA |
| &nbsp;&nbsp;&nbsp; NASDAQ-100 Price Return Index\* | Market Index | 6 year<br> 1 year | Dual Step Up | -10%; -20%; -40%<br> -10%; -15%; -20%; -40% | 12%<br> 2% | 100%<br> 100% | NA<br> NA |
| &nbsp;&nbsp;&nbsp; S&P 500 Price Return Index\* | Market Index | 1 year  | Enhanced Upside | -10% | 2% | 125% | NA |
| &nbsp;&nbsp;&nbsp; S&P 500 Price Return Index\* | Market Index | 6 year<br> 1 year | Dual Step Tier | -10%; -20%<br> -10% | 12%<br> 2% | 100%<br> 100% | 1%<br> 1% |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | **Minimum Limit on Index Gain for the Life<br>of the Segment** | **Minimum Limit on Index Gain for the Life<br>of the Segment** | **Minimum Limit on Index Gain for the Life<br>of the Segment** |
| <br>&nbsp;&nbsp;&nbsp;**Index** | <br>**Type of Index** | <br>**Segment<br>Duration** | <br>**Segment Rate**<br> **of Return**<br> **Calculation**<br> **Method** | <br>**Current Limit on Index**<br> **Loss if held until**<br> **Segment Maturity Date**<br> **(Segment Buffer)** | **Performance<br>Cap Rate** | **Participation<br>Rate** | **Step Rate** |
| &nbsp;&nbsp;&nbsp; Russell 2000<sup>®</sup> Price Return Index\* | Market Index | 6 year<br> 1 year | Dual Step Tier | -10%; -20%<br> -10% | 12%<br> 2% | 100%<br> 100% | 1%<br> 1% |
| &nbsp;&nbsp;&nbsp; MSCI EAFE Price Return Index\* | Market Index | 6 year<br> 1 year | Dual Step Tier | -10%; -20%<br> -10% | 12%<br> 2% | 100%<br> 100% | 1%<br> 1% |
| &nbsp;&nbsp;&nbsp; NASDAQ-100 Price Return Index\* | Market Index | 6 year<br> 1 year | Dual Step Tier | -10%; -20%<br> -10% | 12%<br> 2% | 100%<br> 100% | 1%<br> 1% |
| &nbsp;&nbsp;&nbsp; S&P 500 Price Return Index\* | Market Index | 6 year | Best Entry | -10% | 12% | 100% | NA |

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\* The Index is a "price return" index, not a "total return" index, and therefore the performance of the Index does not reflect dividends declared by any of the companies included in the Index, reducing the Index return. As a result, the Index will underperform a direct investment in the securities composing the Index. 

**We may change the Indices and/or Segment Options, but we will always offer a Segment Option with a Segment Buffer that protects the first 10% of loss. In the future, we may offer other Segment Options that do not provide any downside protection which would mean there is a risk of loss of the entire amount invested. Our minimum Performance Cap Rate for 6 year Segment Types is 12% (2% for 1 year Segments). Our minimum Participation Rate is 100%. Our minimum Step Rate is 1%. We will not open a Segment with a Performance Cap Rate, Participation Rate, and Step Rate (if applicable) below the applicable minimum rate.** 

The following is a list of Fixed Options currently available under the Contract. We may change the features of the Fixed Options listed below, offer new Fixed Options, and terminate existing Fixed Options. We will provide you with written notice before doing so. See "Guaranteed interest option" in "Purchasing your contract" for information about the GIO, "Dollar Cap Averaging Programs" in "Benefits available under the contract" for information about the Dollar Cap Averaging Accounts, and "SIO" in "Purchasing your contract" for information about the Segment Type Holding Accounts".

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Name** | **Term** | **Minimum Guaranteed Interest Rate** |
| &nbsp;&nbsp;&nbsp; Guaranteed Interest Option | NA | 0.15% |
| &nbsp;&nbsp;&nbsp; General Dollar Cap Averaging Account | 3-6 months | 0.15% |
| &nbsp;&nbsp;&nbsp; Special Dollar Cap Averaging Account | 3-6 months | 0.15% |
| &nbsp;&nbsp;&nbsp; Segment Type Holding Account | NA | 0.15% |

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Appendix: Rules regarding contributions to your contract

**The following tables describe the rules regarding contributions to your contract. The minimum initial contribution amount is $25,000 for all contract types.**

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| | |
|:---|:---|
| **Contract Type** | **NQ** |
| **Issue Ages** | • 0-85 |
| **Minimum additional contribution amount** | • $500 |
| **Source of contributions** | • After-tax money.<br>• Paid to us by check or transfer of account value in a tax-deferred exchange under Section 1035 of the Internal Revenue Code. |
| **Limitations on contributions** | • No additional contributions after the date on which the Owner reaches age 86 or, if later, the first contract date anniversary. |

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| | |
|:---|:---|
| **Contract Type** | **Traditional IRA** |
| **Issue Ages** | • 20-85 |
| **Minimum additional contribution amount** | • $50 |
| **Source of contributions** | • Eligible rollover distributions from 403(b) plans, qualified plans, and governmental employer 457(b) plans.<br>• Rollovers from another traditional individual retirement arrangement.<br>• Direct custodian-to-custodian transfers from another traditional individual retirement arrangement.<br>• Regular IRA contributions.<br>• Additional catch-up contributions. |
| **Limitations on contributions** | • No additional contributions after the date on which the Owner reaches age 86 or, if later, the first contract date anniversary.<br>• Contributions made after lifetime required minimum distributions must start must be net of any required minimum distributions.<br>• Although we accept regular IRA contributions (limited to $7,000 for 2025) under traditional IRA contracts, we intend that the contract be used primarily for rollover and direct transfer contributions.<br>• Additional catch-up contributions of up to $1,000 per calendar year where the owner is at least age 50 at any time during 2025. |

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| | |
|:---|:---|
| **Contract Type** | **Roth IRA** |
| **Issue Ages** | • 20-85 |
| **Minimum additional contribution amount** | • $50 |
| **Source of contributions** | • Rollovers from another Roth IRA.<br>• Rollovers from a "designated Roth contribution account" under specified retirement plans.<br>• Conversion rollovers from a traditional IRA or other eligible retirement plan.<br>• Direct custodian-to-custodian transfers from another Roth IRA.<br>• Regular Roth IRA contributions.<br>• Additional catch-up contributions. |
| **Limitations on contributions** | • No additional contributions after the date on which the Owner reaches age 86 or, if later, the first contract date anniversary.<br>• Conversion rollovers after lifetime required minimum distributions must start from the traditional IRA or other eligible retirement plan which is the source of the conversion rollover must be net of any required minimum distributions.<br>• Although we accept Roth IRA contributions (limited to $7,000 for 2025) under Roth IRA contracts, we intend that the contract be used primarily for rollover and direct transfer contributions.<br>• Additional catch-up contributions of up to $1,000 per calendar year where the owner is at least age 50 at any time during 2025. |

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| | |
|:---|:---|
| **Contract Type** | **SEP IRA** |
| **Issue Ages** | • 20-85<br>|
| **Minimum subsequent contribution amount<br>(if permitted)** | <br> • $500 |
| **Source of contributions** | • An employer can annually contribute an amount for an employee up to the lesser of 25% of eligible compensation or the limit on annual contributions for an employee of $69,000 after cost-of-living adjustment for 2025.<br>• Eligible rollover distributions from 403(b) plans, qualified plans and governmental employer 457(b) plans.<br>• Rollovers from another traditional individual retirement arrangement.<br>• Direct custodian-to-custodian transfers from another traditional individual retirement arrangement.<br>• Regular traditional IRA contributions are not permitted unless and until the SEP-IRA designation is removed on our records and the contract is designated as a traditional IRA only. |
| **Limitations on contributions** | • No additional contributions after the date on which the Owner reaches age 86 or, if later, the first contract date anniversary.<br>• Contributions made after lifetime required minimum distributions must start must be net of required minimum distributions. |

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| | |
|:---|:---|
| **Contract Type** | **QP** |
| **Issue Ages** | • 20-75 |
| **Minimum subsequent contribution amount (if permitted)** | • $500 |
| **Source of contributions** | • Only transfer contributions from other investments within an existing qualified plan trust.<br>• The plan must be qualified under Section 401(a) of the Internal Revenue Code.<br>• For 401(k) plans, transferred contributions may not include any after-tax contributions, including designated Roth contributions. |
| **Limitations on contributions** | • No additional contributions after the date on which the Annuitant reaches age 75 or, if later, the first contract date anniversary.<br>• A separate QP contract must be established for each plan participant, even defined benefit plan participants.<br>• We do not accept contributions directly from the employer.<br>• Only one subsequent contribution can be made during a contract year.<br>• Contributions made after lifetime required minimum distributions must start must be net of any required minimum distributions.<br>• See Appendix "Purchase considerations for defined benefit and defined contribution plans" later in this Prospectus for a discussion on purchase considerations for QP contracts. |

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| | |
|:---|:---|
| **Contract Type** | **Inherited IRA Beneficiary continuation contract (traditional IRA or Roth IRA)** |
| **Issue Ages** | • 0-75 |
| **Minimum additional contribution amount** | • $1,000 |
| **Source of contributions** | • Direct custodian-to-custodian transfers of your interest as a death beneficiary of the deceased owner's traditional individual retirement arrangement or Roth IRA to an IRA of the same type.<br>• Non-spousal beneficiary direct rollover contributions may be made to an Inherited IRA contract under specified circumstances from these "Applicable Plans": qualified plans, 403(b) plans and governmental employer 457(b) plans. |
| **Limitations on contributions** | • No additional contributions after the date on which the Owner reaches age 86 or, if later, the first contract date anniversary.<br>• Any additional contributions must be from the same type of IRA of the same deceased owner.<br>• No additional contributions are permitted to Inherited IRA contracts issued as a non-spousal beneficiary direct rollover from an Applicable Plan. |
| **Contract Type** | **Inherited NQ** |
| **Issue Ages** | • 0-75 |
| **Minimum additional contribution amount** | • $1,000 |
| **Sources of contributions** | • Paid to us in an exchange under Section 1035 of the Internal Revenue Code of your interests as a death beneficiary of the deceased owner's nonqualified deferred annuity contract.<br> • All contributions must be received before payments start and within twelve months after the date of death of the deceased owner. |

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See "Purchasing the Contract" and "Tax information" earlier in this Prospectus for a more detailed discussion of sources of contributions and certain contribution limitations. Please review your contract for information on contribution limitations. Subsequent contributions may not be permitted under certain conditions in your state. Please see Appendix "State contract availability and/or variations of certain features and benefits" for more information on contribution limitations in your state. In addition to the limitations described here, we also reserve the right to refuse to accept any contribution under the contract at any time or change our contribution limits and requirements. We further reserve the right to discontinue the acceptance of, or place additional limitations on, contributions to the contract or contributions and/or transfers into any investment option at any time.

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Appendix: State contract availability and/or variations of certain features and benefits

The following information is a summary of the states where the contract or certain features and/or benefits are either not available as of the date of this Prospectus or vary from the contract's features and benefits as previously described in this Prospectus. Certain features and/or benefits may have been approved in your state after your contract was issued and cannot be added. Please contact your financial professional for more information about availability in your state.

**States where certain features and/or benefits are not available or vary:** 

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| | | |
|:---|:---|:---|
| **State** | **Features and benefits** | **Availability or variation** |
| **California** | See "We require that the following types of communications be on specific forms we provide for that purpose" in "How to reach us" | You are not required to use our forms when making a transaction request. If a written request contains all the information required to process the request, we will honor it. |
|  | See "Purchasing the Contract" — "Your right to cancel within a certain number of days" | If you reside in California and you are age 60 or older at the time the contract is issued, you may return your contract within 30 days from the date that you receive it and receive a refund as described below. |
|  |  | ***"Return of contribution" free look treatment available through certain selling broker-dealers*** |
|  |  | Certain selling broker-dealers offer an allocation method designed to preserve your right to a return of your contributions during the free look period. At the time of application, you will instruct your financial professional as to how your initial contribution and any subsequent contributions should be treated for the purpose of maintaining your free look right under the contract. Please consult your financial professional to learn more about the availability of "return of contribution" free look treatment. |
|  |  | If you choose "return of contribution" free look treatment of your contract, we will allocate your entire contribution and any subsequent contributions made during the 30 day period following the Contract Date, to the GIO. In the event you choose to exercise your free look right under the contract, you will receive a refund equal to your contributions. |
|  |  | If you choose the "return of contribution" free look treatment and your contract is still in effect on the 30th day (or next business day) following the Contract Date, we will automatically reallocate your account value to the investment options chosen on your application. |
|  |  | Any transfers made prior to the expiration of the 30 day free look will terminate your right to "return of contribution" treatment in the event you choose to exercise your free look right under the contract. Any transfer made prior to the 30th day following the Contract Date will cancel the automatic reallocation on the 30th day (or next business day) following the Contract Date described above. If you do not want the Company to perform this scheduled one-time reallocation, you must call one of our customer service representatives at 1 (877) 899-3743 before the 30th day following the Contract Date to cancel. |

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| | | |
|:---|:---|:---|
| **State** | **Features and benefits** | **Availability or variation** |
| **California**<br> **(continued)** |  | If you purchased your contract from a financial professional whose firm submits applications to the Company electronically, a Dollar Cap Averaging Program may not be available at the time your contract is issued. If this is the case and you wish to participate in the program after your contract has been issued, you must make your election on the applicable paper form and submit it to us separately. Depending on when we receive your form, you may miss the first available date on which your account value would otherwise be transferred to your designated Segment Type Holding Accounts. |
|  | See "Dollar Cap Averaging Programs" in "Benefits available under the contract" and "Your right to cancel within a certain number of days" in "Purchasing the contract" | If you elect to invest in a Dollar Cap Averaging Program, you will not be eligible for the "return of contribution" free look treatment. By electing a Dollar Cap Averaging Program, you would only be eligible to receive a return of account value if you free look your contract. |
|  | See "Charges, Expenses, and Adjustments" — " Terminal illness, or confinement to a nursing home" | Items (i)-(ii) under this section are deleted in their entirety and replaced with: |
|  |  | (i) We receive proof satisfactory to us (including certification by a U.S. licensed physician) that the Owner has a chronic illness as defined pursuant to either (a) or (b) below; |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) unable to perform two activities of daily living (bathing, continence, dressing, eating, toileting and transferring), meaning the Owner needs human assistance, or needs continual substantial supervision; or |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) impairment of cognitive ability, meaning a deterioration or loss of intellectual capacity due to mental illness or disease, including Alzheimer's disease or related illnesses, that requires continual supervision to protect oneself or others. |
|  |  | (ii) We receive proof satisfactory to us (including certification by a U.S. licensed physician) that the Owner's life expectancy is twelve months or less. |
|  |  | (iii) The Owner is receiving, as prescribed by a physician, registered nurse, or licensed social worker, home care or community-based services (including adult day care, personal care, homemaker services, hospice services or respite care) or, is confined in a skilled nursing facility, convalescent nursing home, or extended care facility, which shall not be defined more restrictively than as in the Medicare program, or is confined in a residential care facility or residential care facility for the elderly, as defined in the Health and Safety Code. Out-of-state providers of services shall be defined as comparable in licensure and staffing requirements to California providers. |
| | See "More information" — "Transfers of ownership, collateral assignments, loans, and borrowing" | You can transfer ownership of an NQ contract at any time before annuity payments begin. You may assign your contract, unless otherwise restricted for tax qualification purposes. |

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| | | |
|:---|:---|:---|
| **State** | **Features and benefits** | **Availability or variation** |
| **Florida** | See "How you can purchase and contribute to your contract" in "Purchasing the contract" | In the corresponding paragraph of this section, item (i) now reads: "(i) contributions under a Structured Capital Strategies<sup>®</sup> contract would then total more than $1,500,000;" and item (ii) regarding the $2,500,000 limitation on contributions is deleted. The remainder of this section is unchanged. |
|  | See "Your right to cancel within a certain number of days" in "Purchasing the contract" | If you reside in the state of Florida, you may cancel your contract and return it to us within 21 days from the date that you receive it. You will receive an unconditional refund equal to the greater of the cash surrender value provided in the annuity contract, plus any fees or charges deducted from the contributions or imposed under the contract, or a refund of all contributions paid. |
| **South Carolina** | See "Your right to cancel within a certain number of days" in "Purchasing the contract" | If this is a replacement Contract: This Contract may be returned to us for any reason within 30 days after you receive it by mailing or delivering the Contract to either, us at the Processing Office, or to the agent through whom it was purchased. We will promptly refund any Contribution received on your behalf, plus or minus any investment gain or loss from the date of Contribution to the date of cancellation. |

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Appendix: Segment Maturity Value Calculation Examples

The following examples illustrate how we calculate and credit interest under each Segment Rate of Return calculation method assuming hypothetical Index returns and hypothetical limits on Index gains and losses. The examples assume no withdrawals.

For purposes of this example, the following assumptions have been made:

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| | | |
|:---|:---|:---|
| • 1-Year Segments | • Select contract (Contract Fee = 1.5%) | • Performance Cap Rate = 10% |
| • Segment Buffer = -10% | • Participation Rate = 100% unless otherwise noted |  |

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No optional death benefit charge is reflected in the examples. The returns would be lower if reflected.

**Standard Examples**![LOGO](g73435g01a01.jpg)

**Upside potential** equals 100% of the Index Performance Rate up to the 10% Performance Cap Rate less the Contract Fee.

• Example 1: If the Index Performance Rate multiplied by the Participation Rate is 15%, which is greater than the Performance Cap Rate, the Segment Rate of Return would be 8.5% (8.5% = 10% Performance Cap Rate
– 1.5% Contract Fee).

• Example 2: If the Index Performance Rate multiplied by the Participation Rate is 7%, which is less than the Performance Cap Rate, the Segment Rate of Return would be 5.5% (5.5% = 7% Index Performance Rate –
1.5% Contract Fee).

**Partial downside protection** is provided through the Segment Buffer where Index losses within the Segment Buffer are protected less the Contract Fee. Index losses more negative than the Segment Buffer reduce your value by the excess and the Contract Fee.

• Example 3: If the Index Performance Rate is -5%, which is within the Segment Buffer, the Segment Rate of Return would be -1.5% (-1.5% = 0% – 1.5% Contract Fee).

• Example 4: If the Index Performance Rate is -14%, which is more negative than the Segment Buffer, the Segment Rate of Return would be -5.5% (-5.5% = -4% – 1.5% Contract Fee).

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**Step Up Examples**![LOGO](g73435g02a02.jpg)

**Upside potential** equals 100% of the 10% Performance Cap Rate less the Contract Fee.

• Example 1: If the Index Performance Rate multiplied by the Participation Rate is 15%, which is greater than zero, the Segment Rate of Return would be 8.5% (8.5% = 10% Performance Cap Rate – 1.5% Contract
Fee).

• Example 2: If the Index Performance Rate multiplied by the Participation Rate is 7%, which is greater than zero, the Segment Rate of Return would be 8.5% (8.5% = 10 Performance Cap Rate – 1.5% Contract Fee).

**Partial downside protection** is provided through the Segment Buffer where Index losses within the Segment Buffer are protected less the Contract Fee. Index losses more negative than the Segment Buffer reduce your value by the excess and the Contract Fee.

• Example 3: If the Index Performance Rate is -5%, which is within the Segment Buffer, the Segment Rate of Return would be -1.5% (-1.5% = 0% – 1.5% Contract Fee).

• Example 4: If the Index Performance Rate is -14%, which is more negative than the Segment Buffer, the Segment Rate of Return would be -5.5% (-5.5% = -4% – 1.5% Contract Fee).

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**Dual Direction Examples**![LOGO](g73435g03a03.jpg)

**Upside potential** equals 100% of the Index Performance Rate up to the 10% Performance Cap Rate less the Contract Fee.

• Example 1: If the Index Performance Rate multiplied by the Participation Rate is 15%, which is greater than the Performance Cap Rate, the Segment Rate of Return would be 8.5% (8.5% = 10% Performance Cap Rate
– 1.5% Contract Fee).

• Example 2: If the Index Performance Rate multiplied by the Participation Rate is 7%, which is less than the Performance Cap Rate, the Segment Rate of Return would be 5.5% (5.5% = 7% Index Performance Rate –
1.5% Contract Fee).

**Growth Potential with negative returns** within or equal to the Segment Buffer equals the absolute value of the Index Performance Rate less the Contract Fee.

• Example 3: If the Index Performance Rate is -5%, which is within the Segment Buffer, the Segment Rate of Return would be 3.5% (3.5% = 5% – 1.5% Contract Fee).

**Partial downside protection** is provided through the Segment Buffer where Index losses more negative than the Segment Buffer reduce your value by the excess and the Contract Fee.

• Example 4: If the Index Performance Rate is -14%, which is more negative than the Segment Buffer, the Segment Rate of Return would be -5.5% (-5.5% = -4% – 1.5% Contract Fee).

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**Enhanced Upside (125% Participation Rate) Examples**![LOGO](g73435g04a04.jpg)

**Upside potential** equals 125% of the Index Performance Rate up to the 10% Performance Cap Rate less the Contract Fee.

• Example 1: If the Index Performance Rate multiplied by the Participation Rate is 18.75 (18.75% = 15% \* 125%), which is greater than the Performance Cap Rate, the Segment Rate of Return would be 8.5% (8.5% =
10% Performance Cap Rate – 1.5% Contract Fee).

• Example 2: If the Index Performance Rate multiplied by the Participation Rate is 8.75% (8.75% = 7% \* 125%), which is less than the Performance Cap Rate, the Segment Rate of Return would be 7.25% (7.25% = 8.75%
Index Performance Rate – 1.5% Contract Fee).

**Partial downside protection** is provided through the Segment Buffer where Index losses within the Segment Buffer are protected less the Contract Fee. Index losses more negative than the Segment Buffer reduce your value by the excess and the Contract Fee.

• Example 3: If the Index Performance Rate is -5%, which is within the Segment Buffer, the Segment Rate of Return would be -1.5% (-1.5% = 0% – 1.5% Contract Fee).

• Example 4: If the Index Performance Rate is -14%, which is more negative than the Segment Buffer, the Segment Rate of Return would be -5.5% (-5.5% = -4% – 1.5% Contract Fee).

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**Dual Step Up Examples**![LOGO](g73435g05a05.jpg)

**Upside potential** equals 100% of the 10% Performance Cap Rate less the Contract Fee.

• Example 1: If the Index Performance Rate is 15%, which is greater than the Segment Buffer, the Segment Rate of Return would be 8.5% (8.5% = 10% Performance Cap Rate – 1.5% Contract Fee).

• Example 2: If the Index Performance Rate is 7%, which is greater than the Segment Buffer, the Segment Rate of Return would 8.5% (8.5% = 10% Performance Cap Rate – 1.5% Contract Fee).

**Growth Potential with negative returns** within or equal to the Segment Buffer equals the 10% Performance Cap Rate less the Contract Fee.

• Example 3: If the Index Performance Rate is -5%, which is greater than the Segment Buffer, the Segment Rate of Return would be 8.5% (8.5% = 10% Performance Cap Rate –
1.5% Contract Fee).

**Partial downside protection** is provided through the Segment Buffer where Index losses more negative than the Segment Buffer reduce your value by the excess and the Contract Fee.

• Example 4: If the Index Performance Rate is -14%, which is more negative than the Segment Buffer, the Segment Rate of Return would be -5.5% (-5.5% = -4% – 1.5% Contract Fee).

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**Dual Step Tier (8% Step Rate) Examples**![LOGO](g73435g06a06.jpg)

**Upside potential** equals 100% of the Step Rate less the Contract Fee if the Index Performance Rate multiplied by the Participation Rate is between zero (including zero) and the Step Rate and, if greater, 100% of the Index Performance Rate up to the 10% Performance Cap Rate less the Contract Fee.

• Example 1: If the Index Performance Rate multiplied by the Participation Rate is 15%, which is greater than the Performance Cap Rate, the Segment Rate of Return would be 8.5% (8.5% = 10% Performance Cap Rate
– 1.5% Contract Fee).

• Example 2: If the Index Performance Rate multiplied by the Participation Rate is 9%, which is greater than the Step Rate but less than the Performance Cap Rate, the Segment Rate of Return would be 7.5% (7.5% = 9%
Index Performance Rate – 1.5% Contract Fee).

• Example 3: If the Index Performance Rate multiplied by the Participation Rate is 7%, which is less than the Step Rate, the Segment Rate of Return would be 6.5% (6.5% = 8% Step Rate – 1.5% Contract Fee).

**Growth Potential with negative returns** within or equal to the Segment Buffer equals the 8% Step Rate less the Contract Fee.

• Example 4: If the Index Performance Rate is -5%, which is greater than the Segment Buffer, the Segment Rate of Return would be 6.5% (6.5% = 8% Step Rate – 1.5% Contract
Fee).

**Partial downside protection** is provided through the Segment Buffer where Index losses more negative than the Segment Buffer reduce your value by the excess and the Contract Fee.

• Example 5: If the Index Performance Rate is -14%, which is more negative than the Segment Buffer, the Segment Rate of Return would be -5.5% (-5.5% = -4% – 1.5% Contract Fee).

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**Best Entry Examples**![LOGO](g73435g07a07.jpg)

**Upside potential** equals 100% of the Index Performance Rate (measured from the Best Entry Index Starting Value) up to the 10% Performance Cap Rate less the Contract Fee.

• Example 1: If the Index Performance Rate multiplied by the Participation Rate is 15%, which is greater than the Performance Cap Rate, the Segment Rate of Return would be 8.5% (8.5% = 10% Performance Cap Rate
– 1.5% Contract Fee).

• Example 2: If the Index Performance Rate multiplied by the Participation Rate is 7%, which is less than the Performance Cap Rate, the Segment Rate of Return would be 5.5% (5.5% = 7% Index Performance Rate –
1.5% Contract Fee).

**Partial downside protection** is provided through the Segment Buffer where Index losses within the Segment Buffer (measured from the Best Entry Index Starting Value) are protected less the Contract Fee. Index losses more negative than the Segment Buffer reduce your value by the excess and the Contract Fee.

• Example 3: If the Index Performance Rate is -5%, which is within the Segment Buffer, the Segment Rate of Return would be -1.5% (-1.5% = 0% – 1.5% Contract Fee).

• Example 4: If the Index Performance Rate is -14%, which is more negative than the Segment Buffer, the Segment Rate of Return would be -5.5% (-5.5% = -4% – 1.5% Contract Fee).

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Appendix: Index Publishers

The Structured Investment Option of the contract tracks certain Securities Indices and Index Funds that are published by third parties. The Company uses these Securities Indices and Index Funds under license from the Indices' and Index Funds respective publishers. The following information about the Indices and Index Funds is included in this Prospectus in accordance with the Company's license agreements with the publishers of the Indices and Index Funds:

S&P Dow Jones Indices LLC requires that the following disclaimer be included in the Prospectus:

The S&P 500 Price Return Index (the "Index") is a product of S&P Dow Jones Indices LLC ("SPDJI"), and has been licensed for use by the Company. Standard & Poor's<sup>®</sup> and S&P<sup>®</sup> are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by the Company. The Structured Capital Strategies<sup>®</sup> contract is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P or any of their respective affiliates (collectively, "S&P Dow Jones Indices"). S&P Dow Jones Indices makes no representation or warranty, express or implied, to the owners of the Structured Capital Strategies<sup>®</sup> contract or any member of the public regarding the advisability of investing in securities generally or in the Structured Capital Strategies<sup>®</sup> contract particularly or the ability of the Indices to track general market performance. S&P Dow Jones Indices' only relationship to the Company with respect to the Index is the licensing of the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The Indices are determined, composed and calculated by S&P Dow Jones Indices without regard to the Company or the Structured Capital Strategies<sup>®</sup> contract**.** S&P Dow Jones Indices have no obligation to take the needs of the Company or the owners of the Structured Capital Strategies<sup>®</sup> contract into consideration in determining, composing or calculating the Index. S&P Dow Jones Indices are not responsible for and have not participated in the determination of the prices, and amount of the Structured Capital Strategies<sup>®</sup> contract or the timing of the issuance or sale of such contract or in the determination or calculation of the equation by which such contract is to be converted into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices have no obligation or liability in connection with the administration, marketing or trading of the Company's products. There is no assurance that investment products based on the Indices will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment advisor. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice.

S&P DOW JONES INDICES DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE INDEX OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY THE COMPANY, OWNERS OF THE STRUCTURED CAPITAL STRATEGIES<sup>®</sup> CONTRACT, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDEX OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBLITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND THE COMPANY, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.

The name "S&P 500 Price Return Index" is a trademark of Standard & Poor's and has been licensed for use by the Company.

Frank Russell Company requires that the following disclosure be included in this Prospectus:

The Structured Capital Strategies<sup>®</sup> contract is not sponsored, endorsed, sold or promoted by Frank Russell Company ("Russell"). Russell makes no representation or warranty, express or implied, to the owners of the Structured Capital Strategies<sup>®</sup> contract or any member of the public regarding the advisability of investing in securities generally or in the Product(s) particularly or the ability of the Russell 2000<sup>®</sup> Price Return Index to track general stock market performance or a segment of the same. Russell's publication of the Russell 2000<sup>®</sup> Price Return Index in no way suggests or implies an opinion by Russell as to the advisability of investment in any or all of the securities upon which the Russell 2000<sup>®</sup> Price Return Index is based. Russell's only relationship to the Company is the licensing of certain trademarks and trade names of Russell and of the Russell 2000<sup>®</sup> Price Return Index which is determined, composed and calculated by Russell without regard to the Company or the Structured Capital Strategies<sup>®</sup> contract. Russell is not responsible for and has not reviewed the Structured Capital Strategies<sup>®</sup> contract nor any associated literature or publications and Russell makes no representation or warranty express or implied as to their accuracy or completeness, or otherwise. Russell reserves

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the right, at any time and without notice, to alter, amend, terminate or in any way change the Structured Capital Strategies<sup>®</sup> contract. Russell has no obligation or liability in connection with the administration, marketing or trading of the Structured Capital Strategies<sup>®</sup> contract.

RUSSELL DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE RUSSELL 2000<sup>®</sup> PRICE RETURN INDEX OR ANY DATA INCLUDED THEREIN AND RUSSELL SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. RUSSELL MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY THE COMPANY, INVESTORS, OWNERS OF THE PRODUCT(S), OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE RUSSELL 2000<sup>®</sup> PRICE RETURN INDEX OR ANY DATA INCLUDED THEREIN. RUSSELL MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE RUSSELL 2000<sup>®</sup> PRICE RETURN INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL RUSSELL HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

MSCI Inc. requires that the following disclosure be included in this Prospectus:

THIS PRODUCT IS NOT SPONSORED, ENDORSED, SOLD OR PROMOTED BY MSCI INC. ("MSCI"), ANY OF ITS AFFILIATES, ANY OF ITS INFORMATION PROVIDERS OR ANY OTHER THIRD PARTY INVOLVED IN, OR RELATED TO, COMPILING, COMPUTING OR CREATING ANY MSCI INDEX (COLLECTIVELY, THE "MSCI PARTIES"). THE MSCI INDICES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI AND THE MSCI INDEX NAMES ARE SERVICE MARK(S) OF MSCI OR ITS AFFILIATES AND HAVE BEEN LICENSED FOR USE FOR CERTAIN PURPOSES BY LICENSEE. NONE OF THE MSCI PARTIES MAKES ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, TO THE ISSUER OR OWNERS OF THIS PRODUCT OR ANY OTHER PERSON OR ENTITY REGARDING THE ADVISABILITY OF INVESTING IN PRODUCTS GENERALLY OR IN THIS PRODUCT PARTICULARLY OR THE ABILITY OF ANY MSCI INDEX TO TRACK CORRESPONDING STOCK MARKET PERFORMANCE. MSCI OR ITS AFFILIATES ARE THE LICENSORS OF CERTAIN TRADEMARKS, SERVICE MARKS AND TRADE NAMES AND OF THE MSCI INDICES WHICH ARE DETERMINED, COMPOSED AND CALCULATED BY MSCI WITHOUT REGARD TO THIS PRODUCT OR THE ISSUER OR OWNERS OF THIS PRODUCT OR ANY OTHER PERSON OR ENTITY. NONE OF THE MSCI PARTIES HAS ANY OBLIGATION TO TAKE THE NEEDS OF THE ISSUER OR OWNERS OF THIS PRODUCT OR ANY OTHER PERSON OR ENTITY INTO CONSIDERATION IN DETERMINING, COMPOSING OR CALCULATING THE MSCI INDICES. NONE OF THE MSCI PARTIES IS RESPONSIBLE FOR OR HAS PARTICIPATED IN THE DETERMINATION OF THE TIMING OF, PRICES AT, OR QUANTITIES OF THIS PRODUCT TO BE ISSUED OR IN THE DETERMINATION OR CALCULATION OF THE EQUATION BY OR THE CONSIDERATION INTO WHICH THIS PRODUCT IS REDEEMABLE. FURTHER, NONE OF THE MSCI PARTIES HAS ANY OBLIGATION OR LIABILITY TO THE ISSUER OR OWNERS OF THIS PRODUCT OR ANY OTHER PERSON OR ENTITY IN CONNECTION WITH THE ADMINISTRATION, MARKETING OR OFFERING OF THIS PRODUCT. ALTHOUGH MSCI SHALL OBTAIN INFORMATION FOR INCLUSION IN OR FOR USE IN THE CALCULATION OF THE MSCI INDICES FROM SOURCES THAT MSCI CONSIDERS RELIABLE, NONE OF THE MSCI PARTIES WARRANTS OR GUARANTEES THE ORIGINALITY, ACCURACY AND/OR THE COMPLETENESS OF ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. NONE OF THE MSCI PARTIES MAKES ANY WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY THE ISSUER OF THE PRODUCT, OWNERS OF THE PRODUCT, OR ANY OTHER PERSON OR ENTITY, FROM THE USE OF ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. NONE OF THE MSCI PARTIES SHALL HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS OR INTERRUPTIONS OF OR IN CONNECTION WITH ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. FURTHER, NONE OF THE MSCI PARTIES MAKES ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND, AND THE MSCI PARTIES HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, WITH RESPECT TO EACH MSCI INDEX AND ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL ANY OF THE MSCI PARTIES HAVE ANY LIABILITY FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL OR ANY OTHER DAMAGES (INCLUDING LOST PROFITS) EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. No purchaser, seller or holder of this product, or any other person or entity, should use or refer to any MSCI trade name, trademark or service mark to sponsor, endorse, market or promote this security without first contacting MSCI to determine whether MSCI's permission is required. Under no circumstances may any person or entity claim any affiliation with MSCI without the prior written permission of MSCI.

The shares are not sponsored or promoted by either the Index Calculation Agent or the Index Compilation Agent.

Although BofA Merrill Lynch — as the Index Compilation Agent — shall obtain and provide information to S&P — as the Index Calculation Agent — from sources which it considers reliable, the Index Compilation Agent and the Index Calculation Agent do not guarantee the accuracy and/or the completeness of any Select Sector Index or any data included therein. The Index Compilation Agent and the Index Calculation Agent make no warranty, express or implied, as to results to be obtained by the Trust as licensee, licensee's customers and counterparties, owners of the shares, or any other person or entity from the use of the Select Sector Indices or any data included therein in connection with the rights licensed as described herein or for any other use. The Index Compilation Agent and the Index Calculation Agent make no express or implied warranties, and each hereby expressly disclaims all warranties of merchantability or fitness for a particular purpose with respect to the Select Sector Indices or any data included therein. Without limiting any of the foregoing, in no event shall the Index Compilation Agent and the Index

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Calculation Agent have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.

NASDAQ requires that the following disclosure be included in this Prospectus:

The Structured Investment Option is not sponsored, endorsed, sold or promoted by The NASDAQ OMX Group, Inc. or its affiliates (NASDAQ OMX, with its affiliates, are referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures relating to, the Structured Investment Option. The Corporations make no representation or warranty, express or implied to the owners of the Structured Investment Option or any member of the public regarding the advisability of investing in securities generally or in the Structured Investment Option particularly, or the ability of the NASDAQ-100 Price Return Index to track general stock market performance. The Corporations' only relationship to The Company ("Licensee") is in the licensing of the NASDAQ<sup>®</sup>, OMX<sup>®</sup> , NASDAQ OMX<sup>®</sup> and NASDAQ-100 Price Return Index<sup>®</sup> registered trademarks, and certain trade names of the Corporations and the use of the NASDAQ-100 Price Return Index<sup>®</sup> which is determined, composed and calculated by NASDAQ OMX<sup>®</sup> without regard to Licensee or the Structured Investment Option. NASDAQ OMX<sup>®</sup> has no obligation to take the needs of the Licensee or the owners of the Structured Investment Option into consideration in determining, composing or calculating the NASDAQ-100 Price Return Index<sup>®</sup>. The Corporations are not responsible for and have not participated in the determination of the timing of, prices at, or quantities of the Structured Investment Option to be issued or in the determination or calculation of the equation by which the Structured Investment Option is to be converted into cash. The Corporations have no liability in connection with the administration, marketing or trading of the Structured Investment Option.

**THE CORPORATIONS DO NOT GUARANTEE THE ACCURACY AND/OR UNINTERRUPTED CALCULATION OF THE NASDAQ-100 PRICE RETURN INDEX<sup>®</sup> OR ANY DATA INCLUDED THEREIN. THE CORPORATIONS MAKE NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY LICENSEE, OWNERS OF THE STRUCTURED INVESTMENT OPTION, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE NASDAQ-100 PRICE RETURN INDEX<sup>®</sup> OR ANY DATA INCLUDED THEREIN. THE CORPORATIONS MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE NASDAQ-100 PRICE RETURN INDEX<sup>®</sup> OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL THE CORPORATIONS HAVE ANY LIABILITY FOR ANY LOST PROFITS OR SPECIAL, INCIDENTAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES, EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.** 

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Appendix: Purchase considerations for defined benefit and defined contribution plans

We offer the QP contract as a funding vehicle for defined benefit and defined contribution plans. In certain states the QP contract is not offered. In those states defined benefit and defined contribution plans may purchase NQ contracts as a plan funding vehicle. The plan and trust, if properly qualified, contain the requisite provisions of the Internal Revenue Code to maintain their tax exempt status. The most significant difference between the use of the QP contract and the NQ contract as a funding vehicle is that the QP contract may be converted into an IRA contract for the benefit of a plan participant under specified circumstances; an NQ contract cannot be so converted. The advantage of the IRA conversion feature is that the participant's benefit amount remains invested: no amounts need to be withdrawn from Segments prior to maturity, the investment options remain available to the participant, and the aging of contributions for purposes of contingent withdrawal charges remains intact. If the plan's funding vehicle is an NQ contract, a withdrawal must be made from the NQ contract in order for the plan to pay the rollover distribution to the plan participant for application to an IRA, or directly to an IRA provider at the direction of the plan participant.

Trustees who are considering the purchase of a Structured Capital Strategies<sup>®</sup> contract as a plan funding vehicle should discuss with their tax and ERISA advisers whether such a contract is an appropriate investment vehicle for the employer's plan. Whether the contract is a QP contract or an NQ contract in certain states, there are significant issues in the purchase of Structured Capital Strategies<sup>®</sup> contract for a qualified plan. The QP contract (or the NQ contract in certain states) and this Prospectus should be reviewed in full, and the following factors, among others, should be noted. Trustees should consider whether the plan provisions permit the investment of plan assets in the QP or NQ contract, and the payment of death benefits in accordance with the requirements of the federal income tax rules. Assuming continued plan qualification and operation, earnings on qualified plan assets will accumulate value on a tax-deferred basis even if the plan is not funded by Structured Capital Strategies<sup>®</sup> QP or NQ contract, or any other annuity contract. Therefore, plan trusts should purchase a Structured Capital Strategies<sup>®</sup> QP or NQ contract to fund a plan for the contract's features and benefits and not for tax deferral, after considering the relative costs and benefits of annuity contracts and other types of arrangements and funding vehicles. Trustees should consider the liquidity needs of the plan (defined contribution or defined benefit) because Segments in the Structured Investment Option may not be mature at the time plan benefits or required minimum distributions must be paid. Finally, because of the method of purchasing the contract, including the large initial contribution and the requirement that contributions may only be in the form of transfers from existing funds of the qualified plan trust, plan trustees should discuss with their advisers whether the purchase of the QP contract would cause the plan to engage in prohibited discrimination in contributions, benefits or otherwise.

**Pooling Plan Assets** 

We do not permit plans to pool plan assets attributable to the benefits of multiple plan participants in one Structured Capital Strategies<sup>®</sup> QP contract, because of the IRA conversion possibility for the QP contract noted in the first paragraph of this Appendix. Therefore we require that a separate QP contract be purchased for each covered plan participant. In states where the NQ contract is available as a funding vehicle, defined benefit plans and defined contribution plans may invest plan assets attributable to the benefits of multiple plan participants in one Structured Capital Strategies<sup>®</sup> NQ contract. There is no requirement to apply for multiple Structured Capital Strategies<sup>®</sup> NQ contracts.

**Contributions** 

We accept only transfer contributions from the existing funds of the qualified plan trust, regardless of the type of contract used as the funding vehicle. No contributions will be accepted directly from the employer sponsoring the plan. We will not accept ongoing payroll contributions. For 401(k) plans, no employee after-tax contributions are accepted. A "designated Roth contribution account" is not available in either the QP contract or the NQ contract in certain states. Checks written on accounts held in the name of the employer instead of the plan or the trust will not be accepted. Except for NQ contracts, only one additional transfer contribution may be made per contract year. If amounts attributable to an excess or mistaken contribution must be withdrawn, withdrawal charges may apply.

**Payments** 

Trustees considering the purchase of a Structured Capital Strategies<sup>®</sup> contract as a qualified plan funding vehicle should also consider the following:

• There is no loan feature offered under the Structured Capital Strategies <sup>®</sup> contract (whether the funding vehicle is a QP
contract or an NQ contract in certain states), so if the plan provides for loans and a participant takes a loan from the plan, other plan assets must be used as the source of the loan and any loan repayments must be credited to other investment
vehicles and/or accounts available under the plan. If the plan's other funding vehicle has insufficient assets to make any loan, amounts withdrawn from the NQ or QP contract will be subject to the Segment Interim Value calculation and may be
subject to contingent withdrawal charges.

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• The plan trust must be designated as the beneficiary and payment of death benefits from the contract must be distributed in accordance with the requirements of the federal income tax rules. Under a QP contract (but not
under an NQ contract in certain states) after the plan participant's death, but before the death benefit is paid, the plan may substitute the beneficiary under the plan at death as the beneficiary under the contract.

• All payments under an NQ contract will be made to the plan trust owner. All payments under a QP contract will be made to the plan trust owner until such time as the plan trust owner changes ownership to the plan
participant as part of an IRA conversion.

**Considerations for Defined Benefit Plan Purchases** 

*Split Funding Requirement.* The maximum percentage of the value of the plan's total assets that should be invested in a contract at any time is 80%. Whether the funding vehicle is a QP contract or an NQ contract in certain states, at least 20% of the plan's assets should be invested in one or more other funding vehicles to provide liquidity for the plan because Segments in the Structured Investment Option may not be mature at the time plan benefits become payable.

*If the defined benefit plan purchases a QP contract.* In order to purchase the QP contract for a defined benefit plan, the plan's actuary will be required to determine a current dollar value of each plan participant's accrued benefit so that individual contracts may be established for each plan participant. We do not permit defined benefit plans to pool plan assets attributable to the accrued benefits of multiple plan participants.

The value under a QP contract may at any time be more or less than the lump sum actuarial equivalent of the accrued benefit for a defined benefit plan participant. The Company does not guarantee that the account value under a QP contract will at any time equal the actuarial value of 80% of a participant/employee's accrued benefit. If amounts attributable to an excess or mistaken contribution must be withdrawn, withdrawal charges may apply. If in a defined benefit plan the plan's actuary determines that an overfunding in the QP contract has occurred, then any transfers from the QP contract may also result in withdrawal charges.

The plan's fiduciaries are responsible for ensuring that the plan has enough liquidity to pay benefits when required and should discuss anticipated liquidity needs with the plan's actuary. Any withdrawal from a QP contract to pay benefits, or to address plan overfunding, excess or mistaken contributions, any required minimum distribution requirement, or for any other plan or benefit purpose will be treated as a normal withdrawal for purposes of withdrawal charges and all other contractual provisions.

While the contract is owned by the plan trust, all payments under the contract will be made to the plan trust owner. If the plan rolls over a contract into an IRA for the benefit of a former plan participant through a contract conversion, it is the plan's responsibility to adjust the value of the contract to the actuarial equivalent of the participant's benefit, prior to the contract conversion.

*If the defined benefit plan purchases an NQ contract.* Defined benefit plans may pool plan assets attributable to the accrued benefits of multiple plan participants in one NQ contract. The contract is merely a funding vehicle and is not "benefit sensitive" like some contracts or other funding vehicles that may be offered to qualified plan sponsors.

The plan's fiduciaries are responsible for ensuring that the plan has enough liquidity to pay benefits when required and should discuss anticipated liquidity needs with the plan's actuary. Amounts must be withdrawn from the contract or the contract must be liquidated to pay benefits; benefits payable under the plan cannot be satisfied through a transfer of ownership of the NQ contract to any person or entity. Any withdrawal from a NQ contract to pay benefits, or to address plan overfunding, excess or mistaken contributions, any required minimum distribution requirement, or for any other plan or benefit purpose will be treated as a normal withdrawal for purposes of withdrawal charges and all other contractual provisions.

**NQ contract as a funding vehicle in certain states** 

If the plan's funding vehicle is an NQ contract, a withdrawal must be made from the NQ contract or the contract must be liquidated in order to roll over to an IRA or other eligible retirement plan. There may be significant tax consequences if the plan transfers ownership of the NQ contract to an employee after the employee separates from service.

**Funding vehicle only** 

The Company's only role is that of the issuer of the contract. The Company is not the plan administrator. The Company will not perform or provide any plan administrative, recordkeeping or actuarial valuation services with respect to plan assets invested in Structured Capital Strategies<sup>®</sup> contracts, whether QP (or NQ in certain states). The plan's administrator will be solely responsible for performing or providing for all such services.

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Structured Capital Strategies<sup>®</sup> Premier

Issued by

Equitable Financial Life Insurance Company of America Equitable Financial Life Insurance Company

We have filed with the Securities and Exchange Commission ("SEC") a Statement of Additional Information ("SAI") that includes additional information about Structured Capital Strategies<sup>®</sup> Premier, Equitable Financial Life Insurance Company of America and Equitable Financial Life Insurance Company. The SAI is incorporated by reference into this prospectus. The SAI is available free of charge. To request a copy of the SAI, to ask about your contract, or to make other investor inquiries, please call 1-800-789-7771. The SAI is also available at our website, www.equitable.com/ICSR#EQH 800232.

Reports and other information about Equitable Financial Life Insurance Company of America and Equitable Financial Life Insurance Company are available on the SEC's website at http://www.sec.gov, and copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.

**Class/Contract Identifier: C000260489; C000260490** 

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Structured Capital Strategies<sup>®</sup> Premier

An index-linked individual and group flexible premium deferred annuity contract

**Statement of Additional Information** 

**September 17, 2025** 

**Equitable Financial Life Insurance Company of America** 

**Equitable Financial Life Insurance Company** 

This Statement of Additional Information ("SAI") is not a Prospectus. It should be read in conjunction with the current Structured Capital Strategies<sup>®</sup> Premier Prospectus, dated September 17, 2025. That Prospectus provides detailed information concerning the contract and the guaranteed interest option and/or in one or more of the Segments comprising the Structured Investment Option. Definitions of special terms used in the SAI are found in the Prospectus.

A copy of the current Prospectus is available free of charge by writing the processing office (Retirement Service Solutions — P.O. Box 1016, Charlotte, NC 28201), by calling 1-800-889-3743 toll free, or by contacting your financial professional.

**The Company** 

Equitable Financial Life Insurance Company of America ("Equitable America") is an Arizona stock life insurance corporation; Equitable Financial Life Insurance Company ("Equitable Financial") is a New York stock life insurance corporation (collectively and individually, Equitable America and Equitable Financial are herein referred to as the "Company", "we", "our" and "us"). The Company is an indirect wholly owned subsidiary of Equitable Holdings, Inc. No other company has any legal responsibility to pay amounts that the Company that issued your contract owes under the contracts. The Company that issued your contract is solely responsible for paying all amounts owed to you under your contract.

**Contract Adjustment - Segment Interim Value** 

We calculate the Segment Interim Value for each Segment on each business day that falls between the Segment Start Date and Segment Maturity Date. The calculation is a formula designed to measure the fair value of your Segment Investment on the particular interim date and is based on the downside protection provided by the Segment Buffer, the limit on participation in investment gain provided by the Performance Cap Rate, and an adjustment for the effect of a withdrawal prior to the Segment Maturity Date. The formula we use, in part, derives the fair value of hypothetical investments in fixed instruments and derivatives. These values provide us with protection from the risk that we will have to pay out account value related to a Segment prior to the Segment Maturity Date. The hypothetical put option provides us with a market value of the potential loss at Segment maturity, and the hypothetical call options provide us with a market value of the potential gain at Segment maturity. This formula provides a treatment for an early distribution that is designed to be consistent with how distributions at the end

of a Segment are treated. We are not required to hold such investments in relation to Segments and may or may not choose to do so. You are not affected by the performance of any of our investments (or lack thereof) relating to Segments. The formula also includes an adjustment relating to the Cap Calculation Factor. This is a positive adjustment of the percentage of the estimated expenses corresponding to the portion of the Segment Duration that has not elapsed. This section sets forth the actual calculation formula, as well as detailed descriptions of the components and specific inputs of the calculation. You should note that even if a corresponding Index has experienced growth, the calculation of your Segment Interim Value may result in an amount lower than your Segment Investment. We have included examples of calculations of Segment Interim Values under various hypothetical situations at the end of this section.

Please note that a pro rata portion of the applicable Contract Fee will be deducted from the Segment Interim Value. Please also note that if the Death Benefit charge is deducted from a Segment on any day other than the Segment Maturity Date, the charge will be deducted from the Segment Interim Value.

**Calculation Formula** 

The Segment Interim Value is equal to the sum of the following three components: (1) Fair Value of hypothetical Fixed Instruments; plus (2) Fair Value of hypothetical Derivatives; plus (3) Cap Calculation Factor.

**Components and Specific Inputs of the Calculation** 

***Fair Value of Hypothetical Fixed Instruments.*** The Segment Interim Value formula includes an element designed to compensate us for the fact that when we have to pay out account value related to a Segment before the Segment Maturity Date, we forgo the opportunity to earn interest on the Segment Investment from the date of withdrawal or surrender until the Segment Maturity Date. We accomplish this estimate by calculating the present value of the Segment Investment using an investment rate widely used in financial markets.

The Fair Value of Hypothetical Fixed Instruments in a Segment is currently based on the investment rate associated with the Segment's remaining time to maturity. Investment rates are interest rates associated with investment grade fixed income instruments which can be used to back the Segment. The investment rate will seek to approximate the bond yields which are used in the fixed instrument strategy (e.g., pricing, hedging) for this product. The investment rate

SCS Premier <br> #81414

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will be determined based on an investment grade index selected to approximately correspond to the quality profile of bonds used in the fixed instrument strategy for this product. To apply the investment grade index values to the Fair Value of Hypothetical Fixed Instruments component of Segment Interim Value calculation, the spread over risk-free rates for selected investment grade index maturity points will be added to the risk-free rates used in other components of the Segment Interim Value calculation.

The Fair Value of Hypothetical Fixed Instruments is defined as its present value, as expressed in the following formula:

(Segment Investment)/(1 + rate)<sup>(time to maturity)</sup>

The Company's decision to use investment rates, which are generally higher than swap rates, to calculate the Fair Value of Hypothetical Instruments component of the Segment Interim Value will result in a lower value for that component relative to using swap rates to calculate that component and, all other things being equal, will result in a lower recalculated Segment Investment if a partial withdrawal is taken from a Segment or a lower withdrawal amount if a full withdrawal is taken from a Segment. The time to maturity is expressed as a fraction, in which the numerator is the number of days remaining in the Segment Duration and the denominator is the average number of days in each year of the Segment Duration for that Segment.

***Fair Value of Hypothetical Derivatives.*** The Segment Interim Value formula includes an element designed to provide a market value of the potential gain or loss at Segment maturity, consistent with how distributions at the end of a Segment are treated. We accomplish this estimate by calculating the value of the downside protection that would be provided at maturity as well as the upper limit that would be placed on gains at maturity by the Performance Cap Rate using hypothetical derivatives.

When valuing the hypothetical Derivatives as part of the Segment Interim Value calculation, we use inputs that are consistent with market prices that reflect the estimated cost of exiting the hypothetical Derivatives before Segment maturity.

Our fair market value methodology, including the market standard model we use to calculate the fair value of the hypothetical Derivatives for each particular Segment, may result in a fair value that is higher or lower than the fair value other methodologies and models would produce. Our fair value may also be higher or lower than the actual market price of the identical derivatives. As a result, the Segment Interim Value you receive may be higher or lower than what other methodologies and models would produce. Please note that based on market conditions and other factors, including Segment Duration, the estimated cost of exiting hypothetical derivatives will likely vary between Segment Options, as well as, between individual Segments both with the same Segment Start Date and with different Segment Start Dates. We periodically reevaluate our estimated exit costs and our underlying estimated exit costs methodology based on a number of factors, including past experience, and may prospectively adjust the estimated cost of exiting hypothetical derivatives up or down.

The following types of hypothetical options are used to calculate the Fair Value of Hypothetical Derivatives at the time the Segment Interim Value is determined:

(A) *At-the-Money Call Option (strike price equals the index value at Segment inception)*. The potential for gain is estimated using the value of this hypothetical option.

(B) *Out-of-the-Money Call Option (strike price equals the index increased by the Performance Cap Rate or for Segments with Participation Rates greater than 100%, strike price equals the index increased by the Performance Cap Rate divided by the Participation Rate)*. The
potential for gain in excess of the Performance Cap Rate is estimated using the value of this hypothetical option.

(C) *Out-of-the-Money Put Option (strike price equals the index decreased by the Segment Buffer)*. The risk of loss is estimated using the value of this hypothetical option.

• **It is important to note that this put option value will almost always reduce the Segment Interim Value, even where the Index is higher at the time of the withdrawal than at the time of the original investment.** This is because the risk that the Index could have been lower at the end of a Segment is present to some extent whether or not the Index has increased at the earlier point in time that the Segment Interim Value is calculated.

(D) *At-the-Money Binary Call Option (strike price equals the index value at Segment inception)*. The potential gain is estimated using the value of this hypothetical option.

(E) *At the Money Put Option (strike price equals index value at Segment inception)*. The potential for gain in a
down market is estimated using the value of this hypothetical option.

(F) *Out-of-the-Money Binary Put Option (strike price equals index value at Segment inception minus Segment Buffer)*. The risk of loss in a down market in excess of the Buffer is estimated using the value of this hypothetical option.

• **It is important to note that the put option value and binary put option value will almost always reduce the Segment Interim Value, even where the Index is higher at the time of the withdrawal than at the time of the original investment.** This is because the risk that the Index could have been lower at the end of a Segment is present to some extent whether or not the Index has increased at the earlier point in time that the Segment Interim Value is
calculated.

(G) *In-the-Money Binary Call Option (strike price equals the index decreased by the Segment Buffer).* The potential gain is estimated using the value of this hypothetical option.

(H) *At-the-Money Partial Time Floating Strike Lookback Call Option (strike price equals the index value on Best Entry Date)*. The potential for gain is estimated using the value of this hypothetical option.

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(I) *Out-of-the-Money Partial Time Floating Strike Lookback Call Option (strike price equals the index increased by the Performance Cap Rate)*. The potential for gain in excess of the Performance Cap Rate is estimated using the value of this hypothetical option.

(J) *Out-of-the-Money Partial Time Floating Strike Lookback Put Option (strike price equals the index decreased by the Segment Buffer)*. The risk of loss is estimated using the value of this hypothetical option.

• **It is important to note that this put option value will almost always reduce the Segment Interim Value, even where the Index is higher at the time of the withdrawal than at the time of the original investment.** This is because the risk that the Index could have been lower at the end of a Segment is present to some extent whether or not the Index has increased at the earlier point in time that the Segment Interim Value is calculated.

(K) *Out-of-the-Money Call Option (strike price equals the index increased by the Step Rate)*. The potential for gain in
excess of the Step Rate is estimated using the value of this hypothetical option.

(L) *In-the-Money Binary Call Option (strike price equals the index decreased by the Segment Buffer, and payout equal to the Step Rate)*. The potential gain is estimated using the value of this hypothetical option.

For each Segment, we designate and value the hypothetical options, each of which is tied to the performance of the Index underlying the Segment in which you are invested.

For Standard Segments, the Fair Value of Derivatives is equal to (A) minus (B) minus (C), as defined above.

For Step Up Segments, the Fair Value of Derivatives is equal to (D) minus (C), as defined above.

For Dual Direction Segments, the Fair Value of Derivatives is equal to (A) minus (B) plus (E) minus (C) minus (F), as defined above, where Dual Direction Segments use two of hypothetical option (C).

For Enhanced Upside Segments, the Fair Value of Hypothetical Derivatives is equal to (A) minus (B) minus (C), as defined above, where Enhanced Upside Segments use a multiple of both hypothetical option (A) and hypothetical option (B), specifically the option quantity is multiplied by the Participation Rate.

For Dual Step Up Segments, the Fair Value of Derivative is equal to (G) minus (C), as defined above.

For Best Entry Segments, the Fair Value of Derivatives is equal to (H) minus (I) minus (J), as defined above.

For Dual Step Tier Segments, the Fair Value of Derivatives is equal to (K) minus (B) plus (L) minus (C), as defined above.

In addition to the inputs discussed above, the Fair Value of Hypothetical Derivatives is also affected by the time remaining until the Segment Maturity Date.

We determine the fair value of each of the applicable designated hypothetical options for a Standard, Step Up, Dual

Direction, Enhanced Upside, or Dual Step Up Segments using a market standard model for valuing a European option on the Index, assuming a continuous dividend yield or net convenience value, with inputs that are consistent with market prices that reflect the estimated cost of exiting the hypothetical Derivatives prior to Segment maturity. If we did not take into account the estimated exit price, your Segment Interim Value would be greater.

In addition, the estimated fair value price used in the Segment Interim Value calculation may vary higher or lower from other estimated prices and from what the actual selling price of identical derivatives would be at any time during each Segment. If our estimated fair value price is lower than the price under other fair market estimates or for actual transactions, then your Segment Interim Value will be less than if we used those other prices when calculating your Segment Interim Value. Any variance between our estimated fair value price and other estimated or actual prices may be different from Segment Type to Segment Type and may also change from day to day.

Each hypothetical option has a notional value on the Segment Start Date equal to the Segment Investment on that date. The notional value is the price of the underlying Index at the inception of the Segment. In the event that a number of options, or a fractional number of options, are being valued, the notional value would be the number of hypothetical options multiplied by the price of the Index at inception.

We use the following model inputs:

(1) Implied Volatility of the Index — This input varies with (i) how much time remains until the Segment Maturity
Date of the Segment, which is determined by using an expiration date for the designated option that corresponds to that time remaining and (ii) the relationship between the strike price of that option and the level of the Index at the time of
the calculation.

This relationship is referred to as the "moneyness" of the option described above and is calculated as the ratio of current price to the strike price. Direct market data for these inputs for any given early distribution are generally not available, because options on the Index that actually trade in the market have specific maturity dates and moneyness values that are unlikely to correspond precisely to the Segment Maturity Date and moneyness of the designated option that we use for purposes of the calculation. Accordingly, we use the following method to estimate the implied volatility of the Index. We use daily quotes of implied volatility from independent third parties using the model described above and based on the market prices for certain options. Specifically, implied volatility quotes are obtained for options with the closest maturities above and below the actual time remaining in the Segment at the time of the calculation and, for each maturity, for those options having the closest moneyness value above and below the actual moneyness of the designated option, given the level of the Index at the time

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of the calculation. In calculating the Segment Interim Value, we will derive a volatility input for your Segment's time to maturity and strike price by linearly interpolating between the implied volatility quotes that are based on the actual adjacent maturities and moneyness values described above, as follows:

(a) We first determine the implied volatility of an option that has the same moneyness as the designated option but with the
closest available time to maturity shorter than your Segment's remaining time to maturity. This volatility is derived by linearly interpolating between the implied volatilities of options having the times to the applicable maturity that are
above and below the moneyness value of the hypothetical option.

(b) We then determine the implied volatility of an option that has the same moneyness as the designated option but with the
closest available time to maturity longer than your Segment's remaining time to the applicable maturity. This volatility is derived by linearly interpolating between the implied volatilities of options having the times to maturity that are
above and below the moneyness value of the designated option.

(c) The volatility input for your Segment's time to maturity will then be determined by linearly interpolating between
the volatilities derived in steps (a) and (b).

(2) Swap Rate — We use key derivative swap rates obtained from information provided by independent third parties which
are recognized financial reporting vendors. Swap rates are obtained for maturities adjacent to the actual time remaining in the Segment at the time

of the early distribution. We use linear interpolation to derive the exact remaining duration rate needed as the input.

(3) Index Dividend Yield — On a daily basis, we use the projected annual dividend yield across the entire Index
obtained from information provided by independent third-party financial institutions. This value is a widely used assumption and is readily available from recognized financial reporting vendors.

Generally, a put option has an inverse relationship with its underlying Index, while a call option has a direct relationship. In addition to the inputs discussed above, the Fair Value of Derivatives is also affected by the time to the Segment Maturity Date.

***Cap Calculation Factor.*** In setting the Performance Cap Rate, we take into account that we incur expenses in connection with a contract, including insurance and administrative expenses. The Segment Interim Value formula includes the Cap Calculation Factor which is designed to reflect the fact that we will not incur those expenses for the entire duration of the Segment if you withdraw your investment prior to the Segment Maturity Date. Therefore, we provide a positive adjustment as part of the calculation of Segment Interim Value, which we call the Cap Calculation Factor. The Cap Calculation Factor is always positive and declines during the course of the Segment.

The Cap Calculation Factor represents a return of estimated expenses for the portion of the Segment Duration that has not elapsed. For example, if the estimated expenses for a one-year Segment are calculated by us to be $10, then at the end of 146 days (with 219 days remaining in the Segment), the Cap Calculation Factor would be $6, because $10 x 219/365 = $6.

**Calculation Examples** 

The following examples do not reflect any optional death benefit charge and assumes that the Select contract was elected which does not impose a withdrawal charge. If a withdrawal charge was reflected values would be lower.

**Standard Segments (Select)** 

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| | | |
|:---|:---|:---|
| **Item** | **6-Year Segment** | **6-Year Segment** |
|  Segment Duration (in months) | 72 | 72 |
|  Valuation Date (Months since Segment Start Date) | 9 | 69 |
|  Segment Investment | $1000 | $1000 |
|  Segment Buffer | -10% | -10% |
|  Performance Cap Rate | 53% | 53% |
|  Time to Maturity (in months) | 63 | 3 |
| Total Amount Withdrawn from Contract | $100 | $100 |

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| | | |
|:---|:---|:---|
| **Item** | **6-Year Segment** | **6-Year Segment** |
| ***Assuming the change in the Index Value is -10% (for example from 100.00 to 90.00)*** | ***Assuming the change in the Index Value is -10% (for example from 100.00 to 90.00)*** | ***Assuming the change in the Index Value is -10% (for example from 100.00 to 90.00)*** |
|  Fair Value of Hypothetical Fixed Instrument | $772.03 | $987.13 |
|  Fair Value of Hypothetical Derivatives | $62.46 | -$30.50 |
|  Cap Calculation Factor | $99.46 | $4.74 |
|  Sum of Above | $933.96 | $961.37 |
|  Segment Interim Value<sup>(1)</sup> | $933.96 | $961.37 |
|  Percent Withdrawn<sup>(2)</sup> | 10.71% | 10.40% |
|  Pro rata amount of the Contract Fee deducted<sup>(3)</sup> | $11.25 | $86.25 |
|  New Segment Investment<sup>(</sup><sup>4)</sup> | $892.93 | $895.98 |
|  New Segment Interim Value<sup>(</sup><sup>5)</sup> | $833.96 | $861.37 |
|  Percentage Change in Contract Value<sup>(6)</sup> | -16.60% | -13.86% |

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(1) Segment Interim Value immediately before withdrawal.

(2) Percent Withdrawn is equal to Amount Withdrawn divided by Segment Interim Value.

(3) A pro rata portion of the cumulative Contract Fee is deducted from the Segment Interim Value, which over 6 years is 9.0%
of the $1,000 Segment Investment for Select Contracts (9 months = $1,000 \* 0.09 \* 9/72 months; 69 months = $1,000 \* 0.09 \* 69/72)

(4) New Segment Investment is equal to the original Segment Investment ($1,000) multiplied by (1 — Percent Withdrawal).

(5) New Segment Interim Value is equal to the calculated Segment Interim Value based on the new Segment Investment. It will
also be equal to the Segment Interim Value multiplied by (1 — Percent Withdrawal).

(6) Percentage change is equal to the (New Segment Interim Value — Segment Investment)/Segment Investment

The input values to the market standard model that have been utilized to generate the hypothetical examples above are as follows:

• Implied volatilities are assumed: 20.5% (At-the-Money Call), 14.0% (Out-of-the-Money Call), and 21.6% (Out-of-the-Money Put).

• Investment rate corresponding to remainder of Segment term is assumed 5.05% (63 months to maturity) and 5.32% (3 months to maturity).

• Swap rate corresponding to remainder of Segment term is 3.81% (63 months to maturity) and 4.70% (3 months to maturity).

• Index dividend yield is 0.51% annually.

**Independent Registered Public Accounting Firm** 

The consolidated financial statements and financial statement schedules of Equitable Financial Life Insurance Company of America as of December 31, 2024 and 2023 and for each of the three years in the period ended December 31, 2024 incorporated in this SAI by reference to the filed [Form N-VPFS](http://www.sec.gov/Archives/edgar/data/1932768/000119312525077552/d936852dnvpfs.htm) (for Equitable Financial Life Insurance Company of America) have been so incorporated in reliance on the reports of PricewaterhouseCoopers, LLC, an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.

PricewaterhouseCoopers, LLC provides independent audit services and certain other non-audit services to Equitable Financial Life Insurance Company of America as permitted by the applicable SEC independence rules. PricewaterhouseCoopers, LLC's address is 214 North Tryon Street, Suite 4200, Charlotte, North Carolina 28202.

The consolidated financial statements and financial statement schedules of Equitable Financial Life Insurance Company as of December 31, 2024 and 2023 and for each of the three years in the period ended December 31, 2024 incorporated in this SAI by reference to the filed [Form N-VPFS](http://www.sec.gov/Archives/edgar/data/89024/000119312525077571/d856494dnvpfs.htm) (for Equitable Financial Life Insurance Company) have been so incorporated in reliance on the reports of PricewaterhouseCoopers, LLC, an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.

PricewaterhouseCoopers, LLC provides independent audit services and certain other non-audit services to Equitable Financial Life Insurance Company as permitted by the applicable SEC independence rules. PricewaterhouseCoopers, LLC's address is 300 Madison Avenue, New York, New York 10017.

**Distribution of the Contracts** 

Under distribution agreements between Equitable Distributors, the Company and certain of the Company's separate accounts, the Company paid Equitable Distributors distribution fees as follows:

---

| | | | |
|:---|:---|:---|:---|
| | **2024** | **2023** | **2022** |
| Equitable America | $400080340 | $291932594 | $41028502 |
| Equitable Financial | $410936513 | $383966142 | $535080397 |

---

as the distributor of certain contracts, including these contracts, and as the principal underwriter of several Company

separate accounts. Of these amounts, for each of these three years, Equitable Distributors retained:

---

| | | | |
|:---|:---|:---|:---|
| | **2024** | **2023** | **2022** |
| Equitable America | $49282 | $19523 | $6094 |
| Equitable Financial | $0 | $0 | $0 |

---

Pursuant to a Distribution and Servicing Agreement between Equitable Advisors, the Company and certain of the Company's separate accounts, the Company paid Equitable Advisors, as the distributors of certain contracts, including these contracts, and as the principal underwriter of several Company separate accounts:

---

| | | | |
|:---|:---|:---|:---|
| | **2024** | **2023** | **2022** |
| Equitable America | $431685051 | $295713271 | $128020090 |
| Equitable Financial | $522603208 | $528625217 | $628586635 |

---

***5***

------

Of these amounts, Equitable Advisors retained:

---

| | | | |
|:---|:---|:---|:---|
| | **2024** | **2023** | **2022** |
| Equitable America | $218683849 | $134463331 | $53750680 |
| Equitable Financial | $269301602 | $253096170 | $286917091 |

---

**Financial Statements** 

The consolidated financial statements and financial statement schedules of the Company incorporated herein should be considered only as bearing upon the ability of the Company to meet its obligations under the contracts.

***6***

------

PART C

OTHER INFORMATION

---

| | |
|:---|:---|
| **ITEM 27.** | **EXHIBITS**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Board of Directors Resolution.

[Resolutions of the Board of Directors of The Equitable Life Assurance Society of the United States ("Equitable") authorizing the establishment of the Registrant, incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-05593) filed on June 7, 1996.](http://www.sec.gov/Archives/edgar/data/1015570/0000950136-96-000434.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Custodial Agreements. Not Applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Underwriting Contracts.

[(1)](http://www.sec.gov/Archives/edgar/data/1015570/000008902411000444/e14277_ex99-3a.htm) [Distribution Agreement, dated as of January 1, 1998 by and between The Equitable Life Assurance Society of the United States for itself and as depositor on behalf of the Equitable Life separate accounts and Equitable Distributors, Inc., incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-64749) filed on August 5, 2011.](http://www.sec.gov/Archives/edgar/data/1015570/000008902411000444/e14277_ex99-3a.htm) 

[(a)](http://www.sec.gov/Archives/edgar/data/1015570/000077172605000313/e7453_ex99-3j.txt) [First Amendment dated as of January 1, 2001 to the Distribution Agreement dated as of January 1, 1998 between The Equitable Life Assurance Society of the United States for itself and as depositor on behalf of the Equitable Life separate accounts and Equitable Distributors, Inc., incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-127445) filed on August 11, 2005.](http://www.sec.gov/Archives/edgar/data/1015570/000077172605000313/e7453_ex99-3j.txt) 

[(b)](http://www.sec.gov/Archives/edgar/data/1015570/000119312512177976/d236060dex993aii.htm) [Second Amendment dated as of January 1, 2012 to the Distribution Agreement dated as of January 1, 1998 between AXA Equitable Life Insurance Company and AXA Distributors LLC incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-05593) filed on April 24, 2012.](http://www.sec.gov/Archives/edgar/data/1015570/000119312512177976/d236060dex993aii.htm) 

[(c)](http://www.sec.gov/Archives/edgar/data/89024/000119312516546094/d104872dex993aiii.htm) [Third Amendment dated as of November 1, 2014 to the Distribution Agreement dated as of January 1, 1998 between AXA Equitable Life Insurance Company and AXA Distributors, LLC, incorporated herein by reference to Registration Statement on Form N-4 (File No. 2-30070) filed on April 19, 2016.](http://www.sec.gov/Archives/edgar/data/89024/000119312516546094/d104872dex993aiii.htm) 

[(d)](http://www.sec.gov/Archives/edgar/data/89024/000119312519107840/d710157dex993aiv.htm) [Fourth Amendment dated as of August 1, 2015 to the Distribution Agreement dated as of January 1, 1998 between AXA Equitable Life Insurance Company and AXA Distributors, LLC, incorporated herein by reference to Registration Statement on Form N-4 (File No. 2-30070) filed on April 16, 2019.](http://www.sec.gov/Archives/edgar/data/89024/000119312519107840/d710157dex993aiv.htm) 

[(e)](http://www.sec.gov/Archives/edgar/data/1015570/000119312524104131/d601648dex99ce.htm) [Amended and Restated Distribution Agreement dated November 1, 2023, by and between Equitable Financial Life Insurance Company and Equitable Distributors, LLC, incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-254385) filed on April 22, 2024.](http://www.sec.gov/Archives/edgar/data/1015570/000119312524104131/d601648dex99ce.htm) 

[(2)](http://www.sec.gov/Archives/edgar/data/89024/0000089024-98-000002.txt) [Distribution and Servicing Agreement dated as of May 1, 1994, among Equico Securities (now AXA Advisors, LLC), The Equitable Life Assurance Society of the United States, and Equitable Variable Life Insurance Company, incorporated herein by reference to Registration Statement on Form N-4 (File No. 2-30070), refiled electronically July 10, 1998.](http://www.sec.gov/Archives/edgar/data/89024/0000089024-98-000002.txt) 

[(a)](http://www.sec.gov/Archives/edgar/data/929634/0000771726-98-000082.txt) [Letter of Agreement dated April 20, 1998 for Distribution Agreement, among The Equitable Life Assurance Society of the United States and EQ Financial Consultants, Inc. (now AXA Advisors, LLC), incorporated herein by reference to Registration Statement on Form N-4 (File No. 33-83750), filed on May 1, 1998.](http://www.sec.gov/Archives/edgar/data/929634/0000771726-98-000082.txt) 

[(3)](http://www.sec.gov/Archives/edgar/data/1015570/000077172601500031/file003.txt) [Distribution Agreement for services by The Equitable Life Assurance Society of the United States to AXA Network, LLC and its subsidiaries dated January 1, 2000 incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-05593), filed on April 25, 2001.](http://www.sec.gov/Archives/edgar/data/1015570/000077172601500031/file003.txt) 

[(4)](http://www.sec.gov/Archives/edgar/data/1015570/000077172601500031/file004.txt) [Transition Agreement for services by AXA Network, LLC and its subsidiaries to The Equitable Life Assurance Society of the United States dated January 1, 2000, incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-05593), filed on April 25, 2001.](http://www.sec.gov/Archives/edgar/data/1015570/000077172601500031/file004.txt) 

[(5)](http://www.sec.gov/Archives/edgar/data/89024/000077172604000112/file003.txt) [General Agent Sales Agreement dated January 1, 2000, between The Equitable Life Assurance Society of the United States and AXA Network, LLC and its subsidiaries, incorporated herein by reference to Registration Statement on Form N-4 (File No. 2-30070) filed on April 19, 2004.](http://www.sec.gov/Archives/edgar/data/89024/000077172604000112/file003.txt) 

[(a)](http://www.sec.gov/Archives/edgar/data/1015570/000119312512177976/d236060dex993di.htm) [First Amendment dated as of January 1, 2003 to General Agent Sales Agreement dated January 1, 2000, between The Equitable Life Assurance Society of the United States and AXA Network, LLC and its subsidiaries, incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-05593) filed on April 24, 2012.](http://www.sec.gov/Archives/edgar/data/1015570/000119312512177976/d236060dex993di.htm) 

[(b)](http://www.sec.gov/Archives/edgar/data/1015570/000119312512177976/d236060dex993dii.htm) [Second Amendment dated as of January 1, 2004 to General Agent Sales Agreement dated January 1, 2000, between The Equitable Life Assurance Society of the United States and AXA Network, LLC and its subsidiaries, incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-05593) filed on April 24, 2012.](http://www.sec.gov/Archives/edgar/data/1015570/000119312512177976/d236060dex993dii.htm) 

[(c)](http://www.sec.gov/Archives/edgar/data/1015570/000077172605000313/e7453_ex99-3k.txt) [Third Amendment dated as of July 19, 2004 to General Agent Sales Agreement dated as of January 1, 2000 by and between The Equitable Life Assurance Society of the United States and AXA Network, LLC and its subsidiaries Incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-127445), filed on August 11, 2005.](http://www.sec.gov/Archives/edgar/data/1015570/000077172605000313/e7453_ex99-3k.txt) 

------

[(d)](http://www.sec.gov/Archives/edgar/data/1015570/000077172605000313/e7453_ex99-3l.txt) [Fourth Amendment dated as of November 1, 2004 to General Agent Sales Agreement dated as of January 1, 2000 by and between The Equitable Life Assurance Society of the United States and AXA Network, LLC and its subsidiaries incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-127445), filed on August 11, 2005.](http://www.sec.gov/Archives/edgar/data/1015570/000077172605000313/e7453_ex99-3l.txt) 

[(e)](http://www.sec.gov/Archives/edgar/data/1015570/000119312512177976/d236060dex993dv.htm) [Fifth Amendment dated as of November 1, 2006, to General Agent Sales Agreement dated as of January 1, 2000 by and between The Equitable Life Assurance Society of the United States and AXA Network, LLC and its subsidiaries incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-05593), filed on April 24, 2012.](http://www.sec.gov/Archives/edgar/data/1015570/000119312512177976/d236060dex993dv.htm) 

[(f)](http://www.sec.gov/Archives/edgar/data/1015570/000119312512177976/d236060dex993dvi.htm) [Sixth Amendment dated as of February 15, 2008, to General Agent Sales Agreement dated as of January 1, 2000 by and between AXA Equitable Life Insurance Company (formerly known as The Equitable Life Assurance Society of the United States) and AXA Network, LLC and its subsidiaries, incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-05593), filed on April 24, 2012.](http://www.sec.gov/Archives/edgar/data/1015570/000119312512177976/d236060dex993dvi.htm) 

[(g)](http://www.sec.gov/Archives/edgar/data/89024/000008902409000180/e11133_ex99-3r.txt) [Seventh Amendment dated as of February 15, 2008, to General Agent Sales Agreement dated as of January 1, 2000 by and between AXA Equitable Life Insurance Company (formerly known as The Equitable Life Assurance Society of the United States) and AXA Network, LLC and its subsidiaries, incorporated herein by reference to Registration Statement on Form N-4 (File No. 2-30070) filed on April 20, 2009.](http://www.sec.gov/Archives/edgar/data/89024/000008902409000180/e11133_ex99-3r.txt) 

[(h)](http://www.sec.gov/Archives/edgar/data/89024/000008902409000180/e11133_ex99-3s.txt) [Eighth Amendment dated as of November 1, 2008, to General Agent Sales Agreement dated as of January 1, 2000 by and between AXA Equitable Life Insurance Company (formerly known as The Equitable Life Assurance Society of the United States) and AXA Network, LLC and its subsidiaries, incorporated herein by reference to Registration Statement on Form N-4 (File No. 2-30070) filed on April 20, 2009.](http://www.sec.gov/Archives/edgar/data/89024/000008902409000180/e11133_ex99-3s.txt) 

[(i)](http://www.sec.gov/Archives/edgar/data/1015570/000119312512177976/d236060dex993dix.htm) [Ninth Amendment dated as of November 1, 2011 to General Agent Sales Agreement dated as of January 1, 2000 by and between AXA Life Insurance Company (formerly known as The Equitable Life Assurance Society of the United States) and AXA Network, LLC and its subsidiaries incorporated herein by reference to the Registration Statement filed on Form N-4 (File No. 333-05593) filed on April 24, 2012.](http://www.sec.gov/Archives/edgar/data/1015570/000119312512177976/d236060dex993dix.htm) 

[(j)](http://www.sec.gov/Archives/edgar/data/1537470/000119312514373941/d797230dex993dx.htm) [Tenth Amendment dated as of November 1, 2013 to General Agent Sales Agreement dated as of January 1, 2000, by and between AXA Equitable Life Insurance Company (formerly known as The Equitable Life Assurance Society of the United States) and AXA Network, LLC and its subsidiaries, incorporated herein by reference to the Registration Statement on Form N-4 (File No. 333-178750), filed on October 16, 2014.](http://www.sec.gov/Archives/edgar/data/1537470/000119312514373941/d797230dex993dx.htm) 

[(k)](http://www.sec.gov/Archives/edgar/data/1537470/000119312514373941/d797230dex993dxi.htm) [Eleventh Amendment dated as of November 1, 2013 to General Agent Sales Agreement dated as of January 1, 2000, by and between AXA Equitable Life Insurance Company (formerly known as The Equitable Life Assurance Society of the United States) and AXA Network, LLC and its subsidiaries, incorporated herein by reference to the Registration Statement on Form N-4 (File No. 333-178750), filed on October 16, 2014.](http://www.sec.gov/Archives/edgar/data/1537470/000119312514373941/d797230dex993dxi.htm) 

[(l)](http://www.sec.gov/Archives/edgar/data/1537470/000119312514373941/d797230dex993dxii.htm) [Twelfth Amendment dated as of November 1, 2013 to General Agent Sales Agreement dated as of January 1, 2000, by and between AXA Equitable Life Insurance Company (formerly known as The Equitable Life Assurance Society of the United States) and AXA Network, LLC and its subsidiaries, incorporated herein by reference to the Registration Statement on Form N-4 (File No. 333-178750), filed on October 16, 2014.](http://www.sec.gov/Archives/edgar/data/1537470/000119312514373941/d797230dex993dxii.htm) 

[(m)](http://www.sec.gov/Archives/edgar/data/1537470/000119312515315851/d41968dex993d13.htm) [Thirteenth Amendment dated as of October 1, 2014 to General Agent Sales Agreement dated as of January 1, 2000, by and between AXA Equitable Life Insurance Company (formerly known as The Equitable Life Assurance Society of the United States) and AXA Network, LLC and its subsidiaries, incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-202147) filed on September 9, 2015.](http://www.sec.gov/Archives/edgar/data/1537470/000119312515315851/d41968dex993d13.htm) 

[(n)](http://www.sec.gov/Archives/edgar/data/89024/000119312516546094/d104872dex993dxiv.htm) [Fourteenth Amendment dated as of August 1, 2015 to General Agent Sales Agreement dated as of January 1, 2000, by and between AXA Equitable Life Insurance Company (formerly known as The Equitable Life Assurance Society of the United States) and AXA Network, LLC and its subsidiaries, incorporated herein by reference to Registration Statement on Form N-4 (File No. 2-30070), filed on April 19, 2016.](http://www.sec.gov/Archives/edgar/data/89024/000119312516546094/d104872dex993dxiv.htm) 

[(o)](http://www.sec.gov/Archives/edgar/data/89024/000119312517127071/d296763dex993dxv.htm) [Sixteenth Amendment dated May 1, 2016 to the General Agent Sales Agreement dated as of January 1, 2000 by and between AXA Equitable Life Insurance Company, (formerly known as The Equitable Life Assurance Society of the United States) and AXA Network, LLC, incorporated herein by reference to Registration Statement on Form N-4 (File No. 2-30070) filed on April 18, 2017.](http://www.sec.gov/Archives/edgar/data/89024/000119312517127071/d296763dex993dxv.htm) 

[(p)](http://www.sec.gov/Archives/edgar/data/89024/000119312518119507/d480399dex993dxvi.htm) [Seventeenth Amendment to General Agent Sales Agreement, dated as of August 1, 2016, by and between AXA Equitable Life Insurance Company, formerly known as The Equitable Life Assurance Society of the United States, ("AXA Equitable"), and AXA NETWORK, LLC, ("General Agent") ") incorporated herein by reference to Registration Statement on Form N-4 (File No. 2-30070) filed on April 17, 2018.](http://www.sec.gov/Archives/edgar/data/89024/000119312518119507/d480399dex993dxvi.htm) 

[(q)](http://www.sec.gov/Archives/edgar/data/89024/000119312518119507/d480399dex993dxvii.htm) [Eighteenth Amendment to General Agent Sales Agreement, dated as of March 1, 2017, by and between AXA Equitable Life Insurance Company, formerly known as The Equitable Life Assurance Society of the United States, ("AXA Equitable"), and AXA NETWORK, LLC ("General Agent") incorporated herein by reference to Registration Statement on Form N-4 (File No. 2-30070) filed on April 17, 2018.](http://www.sec.gov/Archives/edgar/data/89024/000119312518119507/d480399dex993dxvii.htm) 

[(r)](http://www.sec.gov/Archives/edgar/data/89024/000119312521122748/d112918dex99dxviii.htm) [Nineteenth Amendment to General Agent Sales Agreement dated January 1, 2020, by and between AXA Equitable Life Insurance Company, formerly known as The Equitable Life Assurance Society of the United States, and AXA Network, LLC, incorporated herein by reference to Registration Statement on Form N-4 (File No. 2-30070) filed on April 20, 2021.](http://www.sec.gov/Archives/edgar/data/89024/000119312521122748/d112918dex99dxviii.htm) 

[(s)](http://www.sec.gov/Archives/edgar/data/89024/000119312522111094/d213268dex99dxix.htm) [Twentieth Amendment to General Agent Sales Agreement dated September 1, 2021, by and between Equitable Financial Life Insurance Company and Equitable Network, LLC, incorporated herein by reference to Registration Statement on Form N-4 (File No. 2-30070) filed April 20, 2022.](http://www.sec.gov/Archives/edgar/data/89024/000119312522111094/d213268dex99dxix.htm) 

[(t)](http://www.sec.gov/Archives/edgar/data/89024/000119312522111094/d213268dex99dxx.htm) [Twenty First Amendment to General Agent Sales Agreement dated January 1, 2022, by and between Equitable Financial Life Insurance Company and Equitable Network, LLC, incorporated herein by reference to Registration Statement on Form N-4 (File No. 2-30070) filed April 20, 2022.](http://www.sec.gov/Archives/edgar/data/89024/000119312522111094/d213268dex99dxx.htm) 

([u)](http://www.sec.gov/Archives/edgar/data/1015570/000119312524104131/d601648dex99cu.htm) [Twenty Second Amendment to General Agent Sales Agreement dated November 13, 2023, by and between Equitable Financial Life Insurance Company and Equitable Network, LLC, incorporated herein by reference to Registration Statement (File No. 333-254385) filed on April 22, 2024.](http://www.sec.gov/Archives/edgar/data/1015570/000119312524104131/d601648dex99cu.htm) 

[(v)](http://www.sec.gov/Archives/edgar/data/2039145/000119312525049091/d940225dex99c5v.htm) [Twenty Third Amendment to General Agent Sales Agreement dated January 1, 2025, by and between Equitable Financial Life Insurance Company and Equitable Network, LLC, incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-285624) filed March 7, 2025.](http://www.sec.gov/Archives/edgar/data/2039145/000119312525049091/d940225dex99c5v.htm) 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) [Broker-Dealer and General Agent Sales Agreement between Equitable Distributors, LLC and Broker-Dealer and General Agent, incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-265027), filed on January 30, 2024.](http://www.sec.gov/Archives/edgar/data/835357/000119312524018871/d625629dex991b.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) [Wholesale Broker-Dealer Supervisory and Sale Agreement between the Broker-Dealer and Equitable Distributors, LLC, incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-265027), filed on January 30, 2024.](http://www.sec.gov/Archives/edgar/data/835357/000119312524018871/d625629dex991c.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8) [Broker General Agent Agreement between Broker General Agent and Equitable Distributors, LLC, incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-265027), filed on January 30, 2024.](http://www.sec.gov/Archives/edgar/data/835357/000119312524018871/d625629dex991f.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) [Amendment to Brokerage General Agent Sales Agreement between Brokerage General Agency and Equitable Distributors, LLC, incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-265027), filed on January 30, 2024.](http://www.sec.gov/Archives/edgar/data/835357/000119312524018871/d625629dex991f1.htm)

[(9)](http://www.sec.gov/Archives/edgar/data/1015570/000119312524104131/d601648dex99c9.htm) [Amended and Restated Agreement for Cooperative and Joint Use of Personnel, Property and Services between Equitable Financial Life Insurance Company and Equitable Distributors, LLC, dated November 1, 2023, incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-254385) filed on April 22, 2024.](http://www.sec.gov/Archives/edgar/data/1015570/000119312524104131/d601648dex99c9.htm) 

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Contracts. (Including Riders and Endorsements)

[(1)](d940225dex9927d1.htm) [Form of Contract, ICC25-SCSBASE3 (CWC – with Contract Fee), filed herewith to the Registration Statement on Form N-4 (File No. 333-285624) filed on September 16, 2025.](d940225dex9927d1.htm)

[(2)](d940225dex9927d2.htm) [Form of Contract, ICC25-SCSBASE4 (No CWC – with Contract Fee), filed herewith to the Registration Statement on Form N-4 (File No. 333-285624) filed on September 16, 2025.](d940225dex9927d2.htm)

[(3)](d940225dex9927d3.htm) [Form of Endorsement, ICC25-CCSCSPR, filed herewith to the Registration Statement on Form N-4 (File No. 333-285624) filed on September 16, 2025.](d940225dex9927d3.htm)

[(4)](d940225dex9927d4.htm) [Form of Endorsement, ICC25-INHIRA, filed herewith to the Registration Statement on Form N-4 (File No. 333-285624) filed on September 16, 2025.](d940225dex9927d4.htm)

[(5)](d940225dex9927d5.htm) [Form of Endorsement, ICC25-INHNQ, filed herewith to the Registration Statement on Form N-4 (File No. 333-285624) filed on September 16, 2025.](d940225dex9927d5.htm)

[(6)](d940225dex9927d6.htm) [Form of Endorsement, ICC25-INHROTH, filed herewith to the Registration Statement on Form N-4 (File No. 333-285624) filed on September 16, 2025.](d940225dex9927d6.htm)

[(7)](d940225dex9927d7.htm) [Form of Endorsement, ICC25-IRA, filed herewith to the Registration Statement on Form N-4 (File No. 333-285624) filed on September 16, 2025.](d940225dex9927d7.htm)

[(8)](d940225dex9927d8.htm) [Form of Endorsement, ICC25-NQ, filed herewith to the Registration Statement on Form N-4 (File No. 333-285624) filed on September 16, 2025.](d940225dex9927d8.htm)

[(9)](d940225dex9927d9.htm) [Form of Endorsement, ICC25-QPDB, filed herewith to the Registration Statement on Form N-4 (File No. 333-285624) filed on September 16, 2025.](d940225dex9927d9.htm)

[(10)](d940225dex9927d10.htm) [Form of Endorsement, ICC25-QPDC, filed herewith to the Registration Statement on Form N-4 (File No. 333-285624) filed on September 16, 2025.](d940225dex9927d10.htm)

[(11)](d940225dex9927d11.htm) [Form of Endorsement, ICC25-ROTH, filed herewith to the Registration Statement on Form N-4 (File No. 333-285624) filed on September 16, 2025.](d940225dex9927d11.htm)

[(12)](d940225dex9927d12.htm) [Form of Endorsement, ICC25-SEP, filed herewith to the Registration Statement on Form N-4 (File No. 333-285624) filed on September 16, 2025.](d940225dex9927d12.htm)

[(13)](d940225dex9927d13.htm) [Form of Rider, ICC25-BE, filed herewith to the Registration Statement on Form N-4 (File No. 333-285624) filed on September 16, 2025.](d940225dex9927d13.htm)

[(14)](d940225dex9927d14.htm) [Form of Rider, ICC25-DD, filed herewith to the Registration Statement on Form N-4 (File No. 333-285624) filed on September 16, 2025.](d940225dex9927d14.htm)

[(15)](d940225dex9927d15.htm) [Form of Rider, ICC25-DST, filed herewith to the Registration Statement on Form N-4 (File No. 333-285624) filed on September 16, 2025.](d940225dex9927d15.htm)

[(16)](d940225dex9927d16.htm) [Form of Rider, ICC25-DSU, filed herewith to the Registration Statement on Form N-4 (File No. 333-285624) filed on September 16, 2025.](d940225dex9927d16.htm)

[(17)](d940225dex9927d17.htm) [Form of Rider, ICC25-EU, filed herewith to the Registration Statement on Form N-4 (File No. 333-285624) filed on September 16, 2025.](d940225dex9927d17.htm)

[(18)](d940225dex9927d18.htm) [Form of Rider, ICC25-GRDB, filed herewith to the Registration Statement on Form N-4 (File No. 333-285624) filed on September 16, 2025.](d940225dex9927d18.htm)

[(19)](d940225dex9927d19.htm) [Form of Rider, ICC25-HAVDB, filed herewith to the Registration Statement on Form N-4 (File No. 333-285624) filed on September 16, 2025.](d940225dex9927d19.htm)

[(20)](d940225dex9927d20.htm) [Form of Rider, ICC25-ROPSCSPR, filed herewith to the Registration Statement on Form N-4 (File No. 333-285624) filed on September 16, 2025.](d940225dex9927d20.htm)

[(21)](d940225dex9927d21.htm) [Form of Rider, ICC25-ST, filed herewith to the Registration Statement on Form N-4 (File No. 333-285624) filed on September 16, 2025.](d940225dex9927d21.htm)

[(22)](d940225dex9927d22.htm) [Form of Rider, ICC25-SU, filed herewith to the Registration Statement on Form N-4 (File No. 333-285624) filed on September 16, 2025.](d940225dex9927d22.htm)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Applications.

[(1)](d940225dex9927e1.htm) [Form of Application, ICC25 App SCS PR, filed herewith to the Registration Statement on Form N-4 (File No. 333-285624) filed on September 16, 2025.](d940225dex9927e1.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Insurance Company's Certificate of Incorporation And By-Laws.

[(1)](http://www.sec.gov/Archives/edgar/data/771726/000119312520182252/d169270dex99f1.htm) [Restated Charter of Equitable Financial Life Insurance Company incorporated herein by reference to Registration Statement on Form N-6, (File No. 333-232418), filed on June 29, 2020.](http://www.sec.gov/Archives/edgar/data/771726/000119312520182252/d169270dex99f1.htm) 

[(2)](http://www.sec.gov/Archives/edgar/data/1015570/000119312521083785/d157953dex996b.htm) [By-Laws of Equitable Financial Life Insurance Company, as amended September 23, 2020, incorporated herein by reference to Registration Statement on Form N-4, (File No. 333-254385) filed on March 17, 2021.](http://www.sec.gov/Archives/edgar/data/1015570/000119312521083785/d157953dex996b.htm) 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Reinsurance Contracts. Not Applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Participation Agreements. Not Applicable

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Administrative Contracts. Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Other Material Contracts. Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) Legal Opinion.

[Opinion and Consent of Counsel, filed herewith.](d940225dex99k.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) Other Opinions.

[(1)](d940225dex99l1.htm) [Consent of Independent Registered Public Accounting Firm, filed herewith.](d940225dex99l1.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Omitted Financial Statements. Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) Initial Capital Agreements. Not applicable.

[(o)](d940225dex99o.htm) [Form of Initial Summary Prospectus. filed herewith.](d940225dex99o.htm)

[(p)](d940225dex99p.htm) [Power of Attorney. filed herewith.](d940225dex99p.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) Letter Regarding Change in Certifying Accountant. Not Applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) Historical Current Limits on Index Gains. Not Applicable.

------

**ITEM 28. DIRECTORS AND OFFICERS OF THE INSURANCE COMPANY.** 

Set forth below is information regarding the directors and principal officers of the Insurance Company. The Insurance Company's address is 1345 Avenue of the Americas, New York, New York 10105. The business address of the persons whose names are preceded by an asterisk is that of the Insurance Company.

---

| | |
|:---|:---|
| NAME AND PRINCIPAL<br> BUSINESS ADDRESS | POSITIONS AND OFFICES WITH<br> THE INSURANCE COMPANY |
| DIRECTORS |  |
| Douglas A. Dachille | Director |
| Legacy Liability Solutions, LLC |  |
| 161 N. Clark Street |  |
| Chicago, IL 60602 |  |
| Francis Hondal | Director |
| 10050 W. Suburban Drive |  |
| Pinecrest, FL 33156 |  |
| Arlene Isaacs-Lowe | Director |
| 1830 South Ocean Drive, #1411 |  |
| Hallandale, FL 33009 |  |
| Daniel G. Kaye | Director |
| 767 Quail Run |  |
| Inverness, IL 60067 |  |
| Joan Lamm-Tennant | Director |
| 135 Ridge Common |  |
| Fairfield, CT 06824 |  |
| Craig MacKay | Director |
| England & Company |  |
| 1133 Avenue of the Americas |  |
| Suite 2719 |  |
| New York, NY 10036 |  |
| Bertram L. Scott | Director |
| 3601 Hampton Manor Drive |  |
| Charlotte, NC 28226 |  |
| George Stansfield | Director |
| AXA |  |
| 25, Avenue Matignon |  |
| 75008 Paris, France |  |
| Charles G.T. Stonehill | Director |
| Founding Partner |  |
| Green & Blue Advisors |  |
| 525 Park Avenue, 8D |  |
| New York, New York 10065 |  |
| OFFICER-DIRECTOR |  |
| \*Mark Pearson | Director and Chief Executive Officer |
| OTHER OFFICERS |  |
| \*Nicholas B. Lane | President |
| \*José Ramón González | Chief Legal Officer and Secretary |
| \*Jeffrey J. Hurd | Chief Operating Officer |

---

------

---

| | |
|:---|:---|
| \*Robin M. Raju | Chief Financial Officer |
| \*Michael B. Healy | Chief Information Officer |
| \*Nicholas Huth | Chief Compliance Officer |
| \*William Eckert | Chief Accounting Officer |
| \*Darryl Gibbs | Chief Diversity Officer |
| \*David W. Karr | Signatory Officer |
| \*Erik Bass | Chief Strategy Officer |
| \*Mary Jean Bonadonna | Signatory Officer |
| \*Nicholas Chan | Deputy Treasurer |
| \*Eric Colby | Signatory Officer |
| \*Glen Gardner | Chief Investment Officer |
| \*Kenneth Kozlowski | Signatory Officer |
| \*Carol Macaluso | Signatory Officer |
| \*James Mellin | Signatory Officer |
| \*Hillary Menard | Signatory Officer |
| \*Kurt Meyers | Deputy General Counsel and Signatory Officer |
| \*Maryanne (Masha) Mousserie | Signatory Officer |
| \*Prabha ("Mary") Ng | Chief Information Security Officer |
| \*Antonio Di Caro | Signatory Officer |
| \*Shelby Hollister-Share | Signatory Officer |

---

------

---

| | |
|:---|:---|
| \*Manuel Prendes | Signatory Officer |
| \*Stephen Scanlon | Signatory Officer |
| \*Samuel Schwartz | Signatory Officer |
| \*Stephanie Shields | Signatory Officer |
| \*Joseph M. Spagnuolo | Signatory Officer |
| \*Qi Ning ("Peter") Tian | Treasurer |
| \*Gina Tyler | Chief Communications Officer |
| \*Constance Weaver | Chief Marketing Officer |
| \*Xu ("Vincent") Xuan | Chief Actuary |
| \*Yun ("Julia") Zhang | Chief Risk Officer |

---

------

**ITEM 29. PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH THE INSURANCE COMPANY OR REGISTERED SEPARATE ACCOUNT.** 

Equitable Financial Life Insurance Company, a New York stock life insurance company, is an indirect wholly owned subsidiary of Equitable Holdings, Inc. (the "Holding Company").

Set forth below is the subsidiary chart for the Holding Company:

[Equitable Holdings, Inc. - Subsidiary Organization Chart: Q2-2025 is filed herewith to Registration Statement on Form N-4 (File No. 333-285624) filed on September 16, 2025.](d940225dex9929.htm)

------

---

| | |
|:---|:---|
| **ITEM 30.** | **INDEMNIFICATION**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Indemnification of Directors and Officers

The by-laws of Equitable Financial Life Insurance Company (the "Company") provide, in Article VII, as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.4 Indemnification of Directors, Officers and Employees. (a) To the extent permitted by the law of the State
of New York and subject to all applicable requirements thereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any person made or threatened to be made a party to any action or proceeding, whether civil or criminal, by
reason of the fact that he or she, or his or her testator or intestate, is or was a director, officer or employee of the Company shall be indemnified by the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any person made or threatened to be made a party to any action or proceeding, whether civil or criminal, by
reason of the fact that he or she, or his or her testator or intestate serves or served any other organization in any capacity at the request of the Company may be indemnified by the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the related expenses of any such person in any of said categories may be advanced by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) To the extent permitted by the law of the State of New York, the Company, or the Board of Directors, by
amendment of these By-Laws, or by agreement. (Business Corporation Law ss. 721-726; Insurance Law ss.1216)

The directors and officers of the Company are insured under policies issued by X.L. Insurance Company, Arch Insurance Company, Endurance Specialty Insurance Company, U.S. Specialty Insurance, ACE, Chubb Insurance Company, AXIS Insurance Company, Zurich Insurance Company, AWAC (Allied World Assurance Company Ltd.), Aspen Bermuda XS, CNA, AIG, Nationwide, Berkley, Berkshire, SOMPO, Chubb, Markel, Ascot, Bowhead and Westfield. The annual limit on such policies is $300 million, and the policies insure the officers and directors against certain liabilities arising out of their conduct in such capacities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Indemnification of Principal Underwriters

To the extent permitted by law of the State of New York and subject to all applicable requirements thereof, Equitable Distributors, LLC and Equitable Advisors, LLC have undertaken to indemnify each of its respective directors and officers who is made or threatened to be made a party to any action or proceeding, whether civil or criminal, by reason of the fact the director or officer, or his or her testator or intestate, is or was a director or officer of Equitable Distributors, LLC and Equitable Advisors, LLC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Undertaking

Insofar as indemnification for liability arising under the Securities Act of 1933 ("Act") may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

------

**ITEM 31. PRINCIPAL UNDERWRITERS** 

(a)(1) Equitable Advisors, LLC and Equitable Distributors, LLC are the principal underwriters for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Separate Account No. 49, Separate Account No. 70, Separate Account A, Separate Account FP, Separate Account I
and Separate Account No. 45 of Equitable Financial

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Separate Account No. 49B of Equitable Colorado

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) EQ Advisors Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Variable Account AA, Equitable America Variable Account A, Equitable America Variable Account K, Equitable
America Variable Account L, and Equitable America Variable Account No. 70A.

(a)(2) Equitable Advisors is the principal underwriter of Equitable Financial's Separate Account No. 301.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Set forth below is certain information regarding the directors and principal officers of Equitable Advisors,
LLC and Equitable Distributors, LLC:

EQUITABLE ADVISORS, LLC

---

| | |
|:---|:---|
| NAME AND PRINCIPAL<br> BUSINESS ADDRESS | POSITIONS AND OFFICES WITH UNDERWRITER |
| \*David Karr | Director, Chairman of the Board and Chief Executive Officer |
| \*Nicholas B. Lane | Director |
| \*Frank Massa | Director and President |
| \*Yun ("Julia") Zhang | Director |
| \*Ralph E. Browning, II | Chief Privacy Officer |
| \*Mary Jean Bonadonna | Chief Risk Officer |
| \*Patricia Boylan | Broker Dealer Chief Compliance Officer |
| \*Nia Dalley | Vice President and Chief Conflicts Officer |
| \*Brett Esselburn | Vice President, Investment Sales and Financial Planning |
| \*Gina Jones | Vice President and Financial Crime Officer |
| \*Tracy Zimmerer | Vice President and Principal Operations Officer |
| \*Sean Donovan | Assistant Vice President |
| \*Alan Gradzki | Assistant Vice President |
| \*Janie Smith | Assistant Vice President |
| \*James Mellin | Chief Sales Officer |

---

------

---

| | |
|:---|:---|
| \*Candace Scappator | Assistant Vice President, Controller and Principal Financial Officer |
| \*Prabha ("Mary") Ng | Chief Information Security Officer |
| \*Alfred Ayensu-Ghartey | Vice President |
| \*Joshua Katz | Vice President |
| \*Dustin Long | Vice President |
| \*Christopher LaRussa | Investment Advisor Chief Compliance Officer |
| \*Christian Cannon | Vice President and General Counsel |
| \*Paul Scott Peterson | Vice President, Assistant Treasurer and Signatory Officer |
| \*Samuel Schwartz | Vice President |
| \*Dennis Sullivan | Vice President |
| \*Peter Tian | Senior Vice President, Treasurer and Signatory Officer |
| \*Constance (Connie) Weaver | Vice President |
| \*Michael Brudoley | Secretary |
| \*Christine Medy | Assistant Secretary |
| \*Francesca Divone | Assistant Secretary |

---

EQUITABLE DISTRIBUTORS, LLC

---

| | |
|:---|:---|
| NAME AND PRINCIPAL<br> BUSINESS ADDRESS | POSITIONS AND OFFICES WITH UNDERWRITER |
| \*Nicholas B. Lane | Director, Chairman of the Board, President and Chief Executive Officer |
| \*James Kais | Director and Head of Group Retirement |
| \*James Brown | Deputy Chief Compliance Officer |
| \*Ursula Carty | Head of Commercial Line Marketing |
| \*Amy Feintuch | Head of Independent Relationships - Financial Protection |
| \*Steve Junge | National Sales Manager - 1290 Funds |
| \*James O'Connor | Head of Business Development and Key Accounts Group Retirement |

---

------

---

| | |
|:---|:---|
| \*David Kahal | Signatory Officer |
| \*Fred Makonnen | Signatory Officer |
| \*Arielle D' Auguste | Signatory Officer and General Counsel |
| \*Alfred D'Urso | Signatory Officer and Chief Compliance Officer |
| \*Candace Scappator | Signatory Officer, Chief Financial Officer,<br> Principal Financial Officer and Principal Operations Officer |
| \*Gina Jones | Signatory Officer and Financial Crime Officer |
| \*Yun ("Julia") Zhang | Signatory Officer and Chief Risk Officer |
| \*Francesca Divone | Secretary |
| \*Stephen Scanlon | Director, Head of Individual Retirement and Signatory Officer |

---

------

---

| | |
|:---|:---|
| \*Prabha ("Mary") Ng | Signatory Officer and Chief Information Security Officer |
| \*Michael Brudoley | Assistant Secretary |
| \*Christine Medy | Assistant Secretary |
| \* Principal Business Address:<br> 1345 Avenue of the Americas<br> NY, NY 10105 |  |

---

(c) ---

| | | | | |
|:---|:---|:---|:---|:---|
| Name of Principal Underwriter | Net Underwriting<br>Discounts | Compensation on<br>Redemption | Brokerage<br>Commission | Other<br>Compensation |
|  Equitable Advisors, LLC | N/A | $0 | $0 | $0 |
|  Equitable Distributors, LLC | N/A | $0 | $0 | $0 |

---

---

| | |
|:---|:---|
| **ITEM 31A.** | **INFORMATION ABOUT CONTRACTS WITH INDEX-LINKED OPTIONS AND FIXED OPTIONS SUBJECT TO A CONTRACT ADJUSTMENT**  |

---

(a) ---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Name of the**<br> **Contract** | **Number of<br>Contracts<br>Outstanding** | **Total value<br>attributable<br>to the<br>Index-<br>Linked<br>Option<br>and/or<br>Fixed<br>Option<br>subject to a<br>Contract<br>Adjustment** | **Number of<br>Contracts<br>sold during<br>the prior<br>calendar<br>year** | **Gross<br>premiums<br>received<br>during the<br>prior<br>calendar<br>year** | **Amount of<br>Contract value<br>redeemed<br>during the prior<br>calendar year** | **Combination<br>Contract<br>(Yes/No)** |
|  Structured Capital Strategies<sup>®</sup> Premier | 0 | 0 | 0 | 0 | 0 | No |

---

(b) See Exhibit (27)(r) Historical Current Limits on Index Gains.

---

| | |
|:---|:---|
| **ITEM 32.** | **LOCATION OF ACCOUNTS AND RECORDS**  |

---

The records required to be maintained by Section 31(a) of the Investment Company Act of 1940 and Rules 31a-1 to 31a-3 thereunder are maintained by Equitable Financial Life Insurance Company at 8501 IBM Drive, Suite 150, Charlotte, NC 28262-4333. The policies files are kept at Access Corp., 9510 Rodney Street, Pineville, NC 28134 and Record Storage Systems, 14620 Carowinds Boulevard, Charlotte, NC 28273.

---

| | |
|:---|:---|
| **ITEM 33.** | **MANAGEMENT SERVICES**  |

---

Not applicable.

---

| | |
|:---|:---|
| **ITEM 34.** | **FEE REPRESENTATION**  |

---

(a) Not applicable.

(b) The Insurance Company undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a post-effective amendment to the
registration statement to include any prospectus required by section 10(a)(3) of the Securities Act; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment
shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

------

SIGNATURES

As required by the Securities Act of 1933 the Insurance Company has duly caused this Registration Statement to be signed on its behalf in the City of New York, and State of New York on this 16th day of September, 2025.

---

| | |
|:---|:---|
|  Equitable Financial Life Insurance Company | Equitable Financial Life Insurance Company |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Insurance Company) |
|  By: | /s/ Alfred Ayensu-Ghartey |
|  | Alfred Ayensu-Ghartey<br> Vice President and Associate General Counsel |

---

------

SIGNATURES

As required by the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the date indicated:

---

| | |
|:---|:---|
| PRINCIPAL EXECUTIVE OFFICER: |  |
| \*Mark Pearson | Chief Executive Officer and Director |
| PRINCIPAL FINANCIAL OFFICER: |  |
| \*Robin Raju | Chief Financial Officer |
| PRINCIPAL ACCOUNTING OFFICER: |  |
| \*William Eckert | Chief Accounting Officer |

---

---

| | | |
|:---|:---|:---|
| \*DIRECTORS: |  |  |
| Douglas A. Dachille<br> Francis Hondal<br> Arlene Isaacs-Lowe<br> Daniel G. Kaye | Joan Lamm-Tennant<br> Craig MacKay<br> Mark Pearson | Bertram Scott<br> George Stansfield<br> Charles G.T. Stonehill |

---

---

| | |
|:---|:---|
| \*By: | /s/ Alfred Ayensu-Ghartey |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alfred Ayensu-Ghartey |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Attorney-in-Fact |
| September 16, 2025 | September 16, 2025 |

---

## Ex-99.(27)(D)(1)

---

| | |
|:---|:---|
| **Owner:** | **[**JOHN DOE] |
| **Annuitant:** | [JOHN DOE] |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Joint Owner:**  | [DORIS DOE]] |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Joint Annuitant:** | [DORIS DOE]] |
| **Contract Number:** | [00000] |
| **Contract Date:** | [July 1, 2025] |

---

**[INDIVIDUAL FLEXIBLE PREMIUM DEFERRED FIXED** 

**AND INDEX LINKED VARIABLE ANNUITY CONTRACT** 

Processing Office: Equitable Financial Life Insurance Company,

[P.O. Box 1424, Charlotte NC 28201-1424, 1-800-789-7771, www.equitable.com]

This is the entire Contract. This Contract is issued in return for the Contributions made to us under this Contract. This Contract becomes effective on the Contract Date. The Annuitant and the Owner must be living on the Contract Date.

In this Contract, ''we'', ''our'', ''us'' and the "Company" mean Equitable Financial Life Insurance Company ("Equitable"). ''You'' and ''your'' mean the Owner.

We will provide the benefits and other rights pursuant to the terms of this Contract.

**RIGHT TO EXAMINE CONTRACT** - This Contract may be returned to us for any reason within [ten] days ([thirty] days if this is a replacement Contract or longer if required by state law) after you receive it by mailing or delivering the Contract to either, us at the Processing Office, or to the agent through whom it was purchased. We will promptly refund any Contribution received on your behalf.

**Any questions or complaints pertaining to this Contract may be directed to our Processing Office, indicated above. You may contact the [State] Department of Insurance, Phone: [(800) 555-5555].** 

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY, a stock Life insurance company** 

Home Office address: [1345 Avenue of the Americas, New York, New York 10105]

---

| | |
|:---|:---|
| [ | [ |
| ![LOGO](g940225g53f00.jpg) | ![LOGO](g940225g64u65.jpg) |
| Mark Pearson,<br> Chief Executive Officer] | José Ramón González<br> Chief Legal Officer and Secretary] |

---

**The portion of Annuity Account Value in the Structured Investment Option (Part II) may increase or decrease in value based on the performance of external Indices subject to the applicable Performance Cap Rate and Segment Buffer.** 

**There is a risk of loss, and the loss may be greater if the withdrawal, death, annuitization, transfer, or surrender occurs before the Segment Maturity Date. Any gains may be limited and are not guaranteed. While the Contract values may be affected by an external Index or Indices, you do not directly participate in any stock or equity investment. The Segment Interim Value may reflect a negative return even if the Index increases, may reflect a positive return even if the Index decreases, and may be lower than the amount available on the Segment Maturity Date.** 

**Amounts under this Contract are subject to a Withdrawal Charge Schedule detailed in Part C of the Data Pages. There are waivers to the Withdrawal Charge Schedule which are described in Part D of the Data pages.** 

NON-PARTICIPATING

PLEASE READ YOUR CONTRACT CAREFULLY

ICC25-SCSBASE3

------

**TABLE OF CONTENTS** 

---

| | | |
|:---|:---|:---|
|  |  | <u>Page</u> |
| DATA |  |  |
| Part I | GENERAL DEFINITIONS | 3 |
| Part II | STRUCTURED INVESTMENT OPTION | 6 |
| PART III | GUARANTEED INTEREST OPTION | 12 |
| Part IV | CONTRIBUTIONS AND ALLOCATIONS | 13 |
| Part V | TRANSFERS AMONG INVESTMENT OPTIONS | 15 |
| Part VI | WITHDRAWALS AND TERMINATION | 16 |
| Part VII | PAYMENT UPON DEATH | 17 |
| Part VIII | ANNUITY BENEFITS | 21 |
| Part IX | CHARGES | 24 |
| Part X | GENERAL PROVISIONS | 26 |

---

ICC25-SCSBASE3 Page 2

------

**PART I – GENERAL DEFINITIONS** 

**SECTION 1.01 ANNUITANT** 

''Annuitant'' means the individual who is the measuring life for determining the Contract's Maturity Date, unless stated otherwise, or, if applicable, any successor Annuitant that is permitted under the Contract as described in an Endorsement attached hereto. The Annuitant is shown in the Data Pages.

**SECTION 1.02 ANNUITY ACCOUNT VALUE** 

''Annuity Account Value'' means the sum of the amounts held for you in the Investment Options.

**SECTION 1.03 ANNUITY BENEFIT** 

''Annuity Benefit'' means a benefit payable by us as described in Part VIII.

**SECTION 1.04 BENEFIT TRANSACTION DATE** 

"Benefit Transaction Date" means the date on which we receive the Beneficiary Requirements for the portion of the Death Benefit payable to a Beneficiary. See Part VII.

**SECTION 1.05 BUSINESS DAY** 

"Business Day" means generally any day on which the New York Stock Exchange is open for trading and generally ends at 4:00 pm Eastern Time or such other time as we state in writing to the Owner.

**SECTION 1.06 CASH VALUE** 

''Cash Value'' means an amount equal to the Annuity Account Value, less any charges that apply as described in Part IX and any charges that may apply as described in any applicable Endorsement(s) or Rider(s).

**SECTION 1.07 CODE** 

''Code'' means the Internal Revenue Code of 1986, as amended at any time, or any corresponding provisions of prior or subsequent United States revenue laws. References to the "Code" in this Contract include references to applicable Federal income tax regulations.

**SECTION 1.08 CONTRACT** 

''Contract'' means this Contract including the Data Pages, any Endorsements and any applicable Rider(s). This is the entire Contract.

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**SECTION 1.09 CONTRACT DATE** 

''Contract Date'' means the date the Contract is issued and becomes effective. The Contract Date is shown in the Data Pages.

**SECTION 1.10 CONTRACT DATE ANNIVERSARY** 

A Contract Date Anniversary is the last day of the Contract Year.

**SECTION 1.11 CONTRACT MATURITY DATE** 

''Contract Maturity Date'' means the date on which the Annuity Benefit payments are to commence unless an earlier election is made. See Part VIII.

**SECTION 1.12 CONTRACT YEAR** 

''Contract Year'' means the twelve-month period starting on (i) the Contract Date and (ii) the same date each subsequent year, unless we agree to another period.

**SECTION 1.13 CONTRIBUTION** 

''Contribution'' means a payment made to us under the Contract. See Part IV.

**SECTION 1.14 EMPLOYER** 

''Employer'' means, if applicable, an employer as defined in an Endorsement or Rider attached hereto.

**SECTION 1.15 GENERAL ACCOUNT** 

"General Account" means the account that contains all assets held in the Guaranteed Interest Option, the Segment Type Holding Account, and the Structured Investment Option, unless otherwise specified in an Endorsement.

**SECTION 1.16 GUARANTEED INTEREST OPTION** 

"Guaranteed Interest Option" means an Investment Option that provides for a guaranteed minimum interest rate as described in Part III of this Contract and the Data Pages.

**SECTION 1.17 INVESTMENT OPTION** 

''Investment Option'' means the Structured Investment Option, a Segment Type Holding Account, or the Guaranteed Interest Option.

**SECTION 1.18 NON-NATURAL OWNER** 

"Non-Natural Owner" means an Owner who is not an individual.

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**SECTION 1.19 OWNER** 

''Owner'' means the person or entity shown as such on the cover page and in the Data Pages, or any successor owner.

**SECTION 1.20 PRIOR CONTRACT** 

''Prior Contract'' means another contract or certificate issued by us, or one of our affiliates, from which the Owner and we have agreed to transfer amounts to this Contract.

**SECTION 1.21 PLAN** 

"Plan" means (if applicable, in an Endorsement or Rider attached hereto) a retirement savings plan adopted and maintained by an Employer, which the Plan is intended to meet the requirements for qualification under one of the Sections of the Code as specified any Endorsement or Rider.

**SECTION 1.22 PROCESSING OFFICE** 

''Processing Office'' means the Equitable Processing office shown on the cover page of this Contract, or such other location we may state upon written notice to you.

**SECTION 1.23 STRUCTURED INVESTMENT OPTION**

"Structured Investment Option" means the Segments described in Part II. The Annuity Account Value in the Structured Investment Option is the sum of your Annuity Account Value in the Segments. The Structured Investment Option is part of our General Account.

**SECTION 1.24 TRANSACTION DATE** 

"Transaction Date" is the Business Day we receive at the Processing Office a Contribution or a transaction request providing the information we need to complete the transaction. Transaction requests must be in a form acceptable to us and are processed at the close of the Business Day.

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**PART II – STRUCTURED INVESTMENT OPTION** 

**SECTION 2.01 DEFINITIONS** 

*In this Part II, we define certain terms that are used in connection with the Structured Investment Option.* 

**SECTION 2.01(a) INDEX** 

"Index" means a benchmark designed to track the performance of a defined portfolio of securities not including dividends, used to determine the Segment Rate of Return for a Segment Type. The currently designated Indices are shown in the Data Pages.

**SECTION 2.01(b) INDEX PERFORMANCE RATE** 

"Index Performance Rate" means, for any Segment, the percentage change in the value of the related Index from the Segment Start Date to the Segment Maturity Date. This calculation, called the point-to-point- method, compares the change in the Index between two discrete points in time, namely the Segment Start Date and the Segment Maturity Date. In certain instances, an Index may not publish a price on a Segment Start Date or Segment Maturity Date in which case we will use the last published price as the price on such a Segment Start Date, or Segment Maturity Date for purposes of calculating the Index Performance Rate. The Index Performance Rate may be positive or negative.

**SECTION 2.01(c) PARTICIPATION RATE** 

The **"**Participation Rate" determines how much of the positive Index Performance Rate is used to calculate the Segment Rate of Return on the Segment Maturity Date. Different Segments may have different Participation Rates. The Participation Rates may vary between Segments and may also vary on a class basis as to a particular Segment or Segments. The initial Participation Rate(s) applicable to the Segment(s) elected by you on the Contract Date is shown in the Data Pages.

**SECTION 2.01(d) PERFORMANCE CAP RATE** 

"Performance Cap Rate" generally means the highest Segment Rate of Return that can be credited on a Segment Maturity Date. We set the Performance Cap Rate for each new Segment on the Segment Start Date. We reserve the right to set the Performance Cap Rate at any time on or prior to the Segment Start Date. The Performance Cap Rate may vary between Segments and may also vary on a class basis as to a particular Segment or Segments. The initial Performance Cap Rate(s) applicable to the Segment(s) elected by you on the Contract Date is shown in the Data Pages.

**SECTION 2.01(e) SEGMENT** 

"Segment" means an Investment Option we establish for a given Segment Option, with a specific Index, Segment Duration, Segment Buffer, Segment Maturity Date, Performance Cap Rate, and Participation Rate.

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**SECTION 2.01(f) SEGMENT BUFFER** 

"Segment Buffer" means the maximum percentage decline in the performance of an Index during a Segment Duration that will be absorbed under the Contract with no resulting reduction in the Segment Maturity Value for a Segment held until its Segment Maturity Date.

**SECTION 2.01(g) SEGMENT DURATION** 

"Segment Duration" means the period from the Segment Start Date to the Segment Maturity Date.

**SECTION 2.01(h) SEGMENT INTERIM VALUE** 

"Segment Interim Value" means the Annuity Account Value in a Segment prior to the Segment Maturity Date.

**SECTION 2.01(i) SEGMENT INVESTMENT** 

"Segment Investment" means the amount of your initial allocation to a Segment, adjusted for withdrawals.

**SECTION 2.01(j) SEGMENT MATURITY DATE** 

"Segment Maturity Date" means the Business Day a Segment ends. A Segment Maturity Date must occur on a Business Day and is shown in the Data Pages.

**SECTION 2.01(k) SEGMENT MATURITY VALUE** 

**"**Segment Maturity Value" means the sum of your Segment Investment and your Segment Return Amount in a Segment on the Segment Maturity Date as described in Section 2.03.

**SECTION 2.01 (l) SEGMENT OPTION** 

"Segment Option" defines a group of Segments which use the same formula for calculating a Segment Rate of Return. The Segment Options available under this Contract are described in the Rider(s) attached to the Contract and shown in the Data Pages.

**SECTION 2.01(m) SEGMENT PARTICIPATION REQUIREMENTS** 

"Segment Participation Requirements" means the requirements that must be met before amounts are invested in a Segment.

**SECTION 2.01(n) SEGMENT RATE OF RETURN** 

"Segment Rate of Return" varies by Segment Option and is shown in the applicable Segment Option Rider(s) under this Contract.

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**SECTION 2.01(o) SEGMENT START DATE** 

"Segment Start Date" means the Business Day on which a Segment begins. A Segment Start Date must occur on a Business Day and is shown in the Data Pages.

**SECTION 2.01(p) SEGMENT RETURN AMOUNT** 

"Segment Return Amount" means an amount equal to the Segment Rate of Return multiplied by your Segment Investment on the Segment Maturity Date. The Segment Return Amount is added to, or subtracted from, the Segment Investment to determine your Segment Maturity Value, as described in Section 2.05.

**SECTION 2.01(q) SEGMENT TRANSACTION DATE** 

"Segment Transaction Date" means a Business Day on which new Segments begin and existing Segments end.

**SECTION 2.01(r) SEGMENT TYPE** 

"Segment Type" means all Segments of the same Segment Option that have the same Index, Segment Duration, and Segment Buffer. The Segment Types currently available on the Contract Date are shown in the Data Pages.

**SECTION 2.01(s) SEGMENT TYPE HOLDING ACCOUNT** 

"Segment Type Holding Account" means an account that holds contributions and transfers allocated to a Segment Type pending investment in a Segment. There is a Segment Type Holding Account for each Segment Type. The Segment Type Holding Account is shown in the Data Pages. We have the right to designate another Investment Option for purposes of the Segment Type Holding Account. We will notify you of any such change prior to our use of any alternative Investment Option for the Segment Type Holding Account. The Segment Type Holding Account is part of our General Account.

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**OPERATION OF THE STRUCTURED INVESTMENT OPTION** 

**SECTION 2.02 INVESTMENT IN A SEGMENT ON A SEGMENT START DATE** 

We may establish new Segments on Segment Start Dates. Your Annuity Account Value in a Segment Type Holding Account is automatically transferred to the next new Segment that we establish in that Segment Type on its Segment Start Date, as provided in Section 4.01A.

**SECTION 2.03 ALLOCATION OPTIONS ON A SEGMENT MATURITY DATE** 

If you have not provided us with instructions for allocation of the Segment Maturity Value, your Segment Maturity Value will be allocated to the same Segment Type as the Segment that matured for transfer to the next new Segment of that Type as described in Section 4.01A. However, if the same Segment Type has been terminated, your Segment Maturity Value will be transferred to the Guaranteed Interest Option.

On your Segment Maturity Date, we will reallocate the Segment Maturity Value to your instructions on file among the available Investment Options, unless you request either a withdrawal or transfer of any portion of your Segment Maturity Value, or a combination thereof, in which case, we will process withdrawals before transfers. If there are any amounts remaining after your withdrawal and transfer requests are processed, then a reallocation of your remaining Segment Maturity Value will be processed based on your instructions on file. You may change your instructions on file at any time by sending us the proper form. Changes will be effective on the Business Day of receipt by us, but for any particular Segment Maturity Date, the change must be received by us before the Segment Maturity Date.

**SECTION 2.04 SEGMENT INTERIM VALUE** 

The Segment Interim Value is the Annuity Account Value in a Segment prior to the Segment Maturity Date. It is the value used in computing the Cash Value and for all events including withdrawals, death, transfers, surrender, and annuitization prior to the Segment Maturity Date.

We determine the Segment Interim Value of your investment in a Segment on each Business Day that falls between the Segment Start Date and Segment Maturity Date, based on the estimated value of financial instruments consistent with current market prices and representing our obligation to provide your Segment Maturity Value on the Segment Maturity Date.

The Segment Interim Value is equal to the sum of the Fair Value of Hypothetical Fixed Instruments, the Fair Value of Hypothetical Derivatives, and the Cap Calculation Factor.

Fair Value of Hypothetical Fixed Instrument, which is based on the investment rate associated with the Segment's remaining time to maturity, matures with a maturity value of Segment Investment on the Segment Maturity Date. Investment rates are interest rates associated with investment grade fixed income instruments which can be used to back the Segment.

The Fair Value of Hypothetical Derivatives is the estimated market value of hypothetical derivatives, including put and call options or similar instruments, of the risk of loss and the possibility of gain on the Segment Maturity Date. It also reflects the estimated transaction cost incurred in the event that the Segment ends prior to the Segment Maturity Date.

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The Cap Calculation Factor refunds the portion of the estimated annual expenses that we used in calculating the Performance Cap Rate at the Segment Start Date but has not been fully incurred due to the partial period.

**SECTION 2.05 SEGMENT MATURITY VALUE** 

We determine your Segment Maturity Value on the Segment Maturity Date based on your Segment Rate of Return as shown in the Segment Rate of Return Section in the applicable Segment Option Rider and your Segment Return Amount, as described in Section 2.01(p). Your Segment Maturity Value is the sum of your Segment Investment plus your Segment Return Amount on the Segment Maturity Date.

A Segment ends upon its Segment Maturity Date. Upon maturity of a Segment, the Segment Maturity Value is transferred to another Investment Option as described in Section 2.03.

**SECTION 2.06 DISCONTINUATION OF OR SUBSTANTIAL CHANGE TO THE INDEX** 

We have the right, subject to approval by the Interstate Insurance Product Regulation Commission (IIPRC) to:

&nbsp;&nbsp;&nbsp;&nbsp;(a) substitute an alternative Index if the publication of the Index is discontinued, if the Index values become
unavailable, if there is a substantial change in the calculation of the Index, or if we lose our license or permission to use the Index, inability to hedge risks associated with the Index, or similar conditions approved by the IIPRC. An alternative
Index would not change the Segment Buffer or Performance Cap Rate of the Segment for which the Index is being substituted; or

&nbsp;&nbsp;&nbsp;&nbsp;(b) end a Segment if an Index is discontinued or otherwise becomes unavailable to us and no reasonable alternative
is then available for substitution of such Index. In such case, the affected Segments will end prematurely by applying the Segment Performance Cap Rate and Segment Buffer to the actual gains or losses on the original Index immediately before the
Index is discontinued.

Any such change will be made by an Endorsement, approved under the authority of the IIPRC and issued under the Commission standards.

We will notify you in advance of any of the above actions we take.

**SECTION 2.07 CHANGES TO SEGMENT TYPES AND SEGMENTS** 

We reserve the right to change the Segment Start Date and/or Segment Maturity Date, to change the frequency with which we offer new Segments, to stop offering them, or to temporarily suspend offering new Segments. The Segment Start Date and/or Segment Maturity Date will not change during a Segment Duration. We also reserve the right to add new Segment Types. We will notify you of any of the above actions we take.

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If we suspend the offering of new Segments for a Segment Type, amounts invested in the Segment Type Holding Account for that Segment Type will remain in the Segment Type Holding Account until the next Segment Start Date that Segment Participation Requirements are met on or after the date, we lift the suspension or until you instruct us to transfer amounts out of the Segment Type Holding Account.

If the offering of a Segment Type is terminated, amounts invested in the Segment Type Holding Account will be transferred to the Guaranteed Interest Option.

**SECTION 2.08 EFFECT OF AN UNSCHEDULED CLOSE DAY** 

An unscheduled close day for any given Segment Type is a Business Day on which the value of the Index for the Segment Type is scheduled to be published but is not published.

If the New York Stock Exchange is open but an Index price is not published, and the Segment Start Date or Segment Maturity Date falls on that day, we will use the last available Bloomberg closing price for the respective Index as the Index value on the Segment Start Date or Segment Maturity Date, as applicable.

If the NY Stock Exchange has an unscheduled close day, such day will no longer be considered a Business Day for purposes of the Segment Start Date and Segment Maturity Date. Any Segment Start Date and Segment Maturity Date falling on an unscheduled Segment close day will be changed to the next Business Day. In the event of a change to the Segment Maturity Date, we will use the closing value from the next Business Day to determine the Segment Maturity Value.

We may also defer transactions from the Segment as described in the "Deferment" section.

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**PART III - INVESTMENT OPTION** 

**SECTION 3.01 GUARANTEED INTEREST OPTION** 

The Guaranteed Interest Option is part of our General Account.

The amount in the Guaranteed Interest Option at any time is equal to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• All amounts that have been allocated or transferred to the Guaranteed Interest Option plus

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the amount of any interest credited, less

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• all amounts that have been withdrawn (including charges) or transferred from such Option.

We will credit the amounts in the Guaranteed Interest Option with interest at effective rates that we set periodically (the "Crediting Rate").

The initial Crediting Rate will remain in effect for the entire first Contract Year and is shown in your Data Pages.

For each subsequent Contract Year, the Crediting Rate will be redetermined. This new Crediting Rate will remain in effect throughout the Contract Year.

The Crediting Rate will not be less than the minimum benefits required by the NAIC *Standard Nonforfeiture Law for Individual Deferred Annuities*, model #805, using the nonforfeiture interest rate consistent with the minimum nonforfeiture interest rate prescribed in the law of the state in which the policy is delivered or issued for delivery. Interest will be credited to the amounts held in the Guaranteed Interest Option daily. The initial nonforfeiture rate and the minimum nonforfeiture rate are shown in the Data Pages.

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**PART IV - CONTRIBUTIONS AND ALLOCATIONS** 

**SECTION 4.01 CONTRIBUTIONS AND ALLOCATIONS** 

You may allocate Contributions and transfers to the Guaranteed Interest Option available under this Contract in accordance with the terms and conditions of this Contract. You may change the allocation instructions at any time by sending us the proper form. Allocation percentages must be in whole numbers (no fractions) and must total 100%. Each Contribution is allocated (after deduction of any charges that may apply) in accordance with the allocation instructions in effect on the Transaction Date of the Contribution.

The available Investment Options on the Contract Date are shown in the Data Pages. We have the right to add Investment Options, to limit the number of Investment Options which you may elect, and to limit or terminate allocations to an Investment Option.

**SECTION 4.01A CONTRIBUTIONS AND ALLOCATIONS TO THE STRUCTURED INVESTMENT OPTION** 

Contributions and transfers allocated to a Segment are initially invested in the Segment Type Holding Account until the next available Segment Start Date for that Segment Type unless such allocation occurs on a Segment Transaction Date in which case amounts are directly allocated to a Segment, provided that all Segment Participation Requirements are met. Unless otherwise stated in the Data Pages, all amounts in a Segment Type Holding Account will be transferred into the Segment on the Segment Start Date, provided that all Segment Participation Requirements are met. Any such amounts, including the investment results of the Segment Type Holding Account are transferred from the Segment Type Holding Account to the designated Segment pursuant to the prior sentence.

On a Segment Maturity Date, any Segment Maturity Value to be transferred to a new Segment pursuant to your Segment Maturity Date instructions or as otherwise provided in Section 2.05 is transferred to the designated Segment.

*Segment Participation Requirements* 

Unless otherwise provided in the Data Pages, the following Segment Participation Requirements must be met on a Segment Start Date in order for amounts to be transferred to a Segment:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Segment is available, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Segment does not have a Segment Duration that extends beyond your Contract Maturity Date.

In general, amounts that are not invested in a Segment because Segment Participation Requirements have not been met will be held in the Segment Type Holding Account and be transferred to the next new Segment for which the Segment Participation Requirements are met, as described in Section 4.01A. However, if Segment Participation Requirements have not been met because the Segment Type has been terminated, or if the Segment Maturity Date of that Segment Type would be later than your Contract Maturity Date, the amount to be invested in that Segment will be transferred to the Guaranteed Interest Option. We may change the Participation Requirements and will provide you advance notice of any such change.

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**SECTION 4.02 LIMITS ON CONTRIBUTIONS** 

We have the right not to accept any Contribution which is less than the minimum amount shown in the Data Pages. The Data Pages indicate other Contribution limitations and requirements which may apply. We also have the right, in addition to any such limitations and requirements, upon advance notice to you, to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) change such limitations and requirements to apply to Contributions made after the date of such change, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) discontinue acceptance of Contributions with respect to all Contracts or with respect to all Contracts of the
same class.

Any change in limitations or discontinuation of Contributions will be implemented to manage the financial risk to the Company in the event market and/or economic conditions decline.

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**PART V - TRANSFERS AMONG INVESTMENT OPTIONS** 

**SECTION 5.01 TRANSFER REQUESTS** 

You may request to transfer all or part of the amount held in an Investment Option to one or more of the other Investment Options. The request must be in a form we accept. A transfer request will not be accepted if it involves less than the minimum amount, if any, stated in the Data Pages (unless the Annuity Account Value is less than such amount). All transfers will be made on the Transaction Date.

With respect to transfers from a Segment prior to the Segment Maturity Date, such transfers reduce the Segment Investment on a pro rata basis by the same proportion that the Segment Interim Value is reduced on the date of the transfer.

Transfers are subject to Sections 4.01, 5.02 and our rules in effect at the time of transfer.

**SECTION 5.02 TRANSFER RULES** 

The transfer rules which currently apply are described in the Data Pages. We have the right to change these rules. Any change will be made upon advance notice to you.

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**PART VI - WITHDRAWALS AND TERMINATION** 

**SECTION 6.01 WITHDRAWALS** 

Unless otherwise stated in the Data Pages, you may request, pursuant to our procedures then in effect, a withdrawal from the Investment Options before the Contract Maturity Date. The request must be in a form we accept.

On the Transaction Date, we will pay the amount of the withdrawal requested, or, if less, the Cash Value. The amount to be paid plus any Withdrawal Charge which applies (see Section 9.01) will be withdrawn as stated in the Data Pages. Amounts withdrawn from a Segment on a date other than the Segment Maturity Date will reflect the Segment's Segment Interim Value. Withdrawals from a Segment prior to your Segment Maturity Date reduce the Segment Investment on a pro rata basis by the same proportion that the Segment Interim Value is reduced on the date of the withdrawal.

We will not accept a withdrawal request if it involves less than the minimum amount, if any, stated in the Data Pages. Further conditions or restrictions may apply if stated in the Data Pages or in an Endorsement or Rider attached hereto.

**SECTION 6.02 CONTRACT TERMINATION** 

Payment of the Death Benefit terminates the Contract. In addition, we reserve the right to terminate this Contract if one or more of the following events occurs, unless otherwise specified in any Endorsement, Rider or Data Pages attached hereto:

(a) A withdrawal is made under Section 6.01 that would result in an Annuity Account Value of an amount less
than the minimum amount stated in the Data Pages.

(b) If, before the Contract Maturity Date, no Contributions are made during the last three completed Contract Years
and the Annuity Account Value is less than the minimum amount stated in the Data Pages. .

(c) If as a result of the deduction of a charge or fee, or you make a withdrawal that reduces the Annuity Account
Value to zero.

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**PART VII – PAYMENT UPON DEATH** 

**SECTION 7.01 BENEFICIARY** 

You give us the name of the beneficiary **("**Beneficiary**")** who is to receive any death benefit ("Death Benefit") payable because of your death. You may change the Beneficiary during your lifetime and while coverage under the Contract is in force. Any such change must be made in writing. Unless otherwise specified by you, a change will take effect as of the date the written change is signed by you, whether or not you are living on the date of receipt at our Processing Office. However, we will not be liable as to any payments we make or actions we take before we receive any such change at our Processing Office.

You may name one or more persons to be primary Beneficiary and one or more other persons to be successor Beneficiary if the primary Beneficiary dies before the Owner. Unless you direct otherwise, if you have named two or more persons as Beneficiary, the Beneficiary will be the named person or persons who survive you and payments will be made to such persons in equal shares or to the survivor.

Any part of a Death Benefit for which there is no named Beneficiary living at your death will be payable in a single sum to your surviving spouse, if any; if there is no surviving spouse, then to your surviving children in equal shares; if there are no surviving children, then to your estate.

If the Contract is owned by a Non-Natural Owner, any applicable Death Benefit will be based on the death of the Annuitant or Joint Annuitant, if applicable. For purpose of this Section, "you" or "your" refer to the Annuitant when describing the Death Benefit under a Non-Natural Owner Contract.

**SECTION 7.02 PAYMENT UPON DEATH** 

Unless otherwise described in an optional Rider, any Endorsement or the Data Pages attached hereto, the Death Benefit is equal to the Annuity Account Value on the Benefit Transaction Date.

*Effect of Notification of Death* 

If you die while this Contract is in force and before the earlier of (i) the date payments commence under Part VIII and (ii) the Contract Maturity Date, we will pay a Death Benefit to the Beneficiary(ies) described under Section 7.01. Payment of the Death Benefit is subject to the terms of Part VII, and any special rules which may apply as described in the Data Pages, Endorsement(s), and any Rider(s), attached hereto.

Payment of a Death Benefit will be made as of the Business Day on which we have received the following "Beneficiary Requirements" :

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) a properly completed written request;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) due proof of death (as evidenced by a certified copy of the death certificate);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) each Beneficiary's acceptable election for the payment method;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) proof satisfactory to us that the person claiming the Death Benefit is the person entitled to receive it;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) tax information required by the Code; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) any other forms we require.

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Upon receipt of notification of your death, if we have not received the Beneficiary Requirements described above, your Contract will continue to remain in-force and invested in the Investment Options. Transactions will not be permitted except as described in this paragraph with respect to the Structured Investment Option. We will not permit any transfers into or withdrawals from a Segment. Amounts in a Segment Type Holding Account will be transferred to the Guaranteed Interest Option on the Segment Start Date. For Segments in effect on the Segment Maturity Date, amounts will be transferred to the Guaranteed Interest Option for any Segments in effect prior to your death.

*Effect of Death on Amounts Allocated to the Structured Investment Option* 

If any amounts are held under a Segment, amounts required for the payment of a Death Benefit will be withdrawn from the Segment as described in Section 6.01 of the Contract. Amounts withdrawn from a Segment on a date other than the Segment Maturity Date will reflect the Segment's Segment Interim Value.

If amounts are allocated to any Segment in the Structured Investment Option at the time of your death, unless required for the payment of a Death Benefit, there will be no withdrawal from a Segment prior to the Segment Maturity Date. Amounts in Segments must remain in the Segments until the earlier of the Segment Maturity Date or the Transaction Date of a withdrawal.

***Applicable to Non-Qualified Contracts:***

If amounts are allocated to any Segment in the Structured Investment Option at the time of your death, amounts in such Segments remain in the Segments until (i) the earlier of (a) the Segment Maturity Date or (b) the Transaction Date on which a transfer out of any such Segment is made or a withdrawal is taken or (ii) in the case of Contracts continued under the Non-Qualified Beneficiary Continuation Option described in the Endorsement Applicable to Non-Qualified Contracts, at the end of the period by which your Beneficiary's interest has to be distributed. A Beneficiary or surviving Joint Owner continuing the Contract may allocate amounts to a Segment but not to a Segment Type with a duration that is longer than the remaining distribution period under the One Year Rule or the Five -Year Rule, whichever is applicable. Such Beneficiary or surviving Joint Owner who may not allocate amounts to a Segment due to the Segment Duration limitations discussed in the former sentence may only allocate amounts to the Guaranteed Interest Option. Amounts will not be transferred from a Segment Type Holding Account into a Segment or from one Segment to another if the Segment Maturity Date will be later than the remaining distribution period. Any amounts in such Segment Type Holding Account or Segment will be automatically transferred to the Guaranteed Interest Option.

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*Spousal Continuation under the Structured Investment Option* 

If the Contract continues under Spousal Continuation, your surviving spouse may make any changes regarding allocation to any Segment under the Structured Investment Option that you would have been eligible to make during your life unless otherwise restricted in an Endorsement attached hereto.

***Applicable to Traditional IRA, Roth IRA, and SEP IRA Contracts*:** 

If amounts are allocated to any Segment in the Structured Investment Option at the time of your death, amounts in such Segments remain in the Segments until (i) the earlier of (a) the Segment Maturity Date or (b) the Transaction Date on which a transfer out of any such Segment is made or a withdrawal is taken or (ii) in the case of Contract continuation, the end of the period by which your Beneficiary's interest has to be distributed as described in Section 8.08 of the Endorsement Applicable to Traditional IRA/Roth IRA/SEP IRA Contracts, as applicable.

A Beneficiary continuing the Contract may allocate amounts to a Segment but not to a Segment Type with a duration that is longer than the remaining distribution period described in Section 8.08 of the Endorsement Applicable to Traditional IRA/Roth IRA/SEP IRA Contracts, as applicable. Amounts will not be transferred from a Segment Type Holding Account into a Segment or from one Segment to another if the Segment Maturity Date will be later than the remaining distribution period Such Beneficiary may allocate amounts to the Guaranteed Interest Option or to a Segment with a duration that is not longer than the remaining distribution period."

*Spousal Continuation under the Structured Investment Option* 

If the Contract continues under Spousal Continuation, except as provided in Section 8.08 of the Endorsement Applicable to Traditional IRA/Roth IRA/SEP IRA Contracts, as applicable, your surviving spouse may make any changes regarding an allocation to any Segment under the Structured Investment Option that you would have been eligible to make during your life. Amounts allocated to a Segment may not have a Segment Maturity Date longer than the remaining distribution period.

**SECTION 7.03 MANNER OF PAYMENT** 

The Death Benefit will be paid to the Beneficiary(ies) in a single sum unless you elect a different form of Death Benefit payout (such as a life annuity) is elected, and provided that we offer such at the time the Death Benefit is payable. The Beneficiary will have no right to change the election; however, (i) we will apply a predetermined Death Benefit annuity payout election only if payment of the Death Benefit begins within one year following the date of death; (ii) we will not apply a predetermined Death Benefit payout election if doing so would violate any Federal income tax rules or guidelines or any other applicable law. Subject to the foregoing, a Beneficiary who becomes a successor owner or who continues the Contract under a Beneficiary Continuation Option, if available under any Endorsement(s) or Rider(s), attached to this Contract, will not have the right to change your election.

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**SECTION 7.04 INTEREST ON DELAYED PAYMENT OF DEATH BENEFIT** 

*Payment of Interest on the Death Benefit* 

If we do not pay the Death Benefit to the Beneficiary named in accordance with Section 7.01 by the seventh calendar day following receipt of the Beneficiary Requirements described above, beginning on the eighth day following receipt of such Beneficiary Requirements, we will pay interest on the Death Benefit. Interest will be based on the Two-Year Treasury Constant Maturity Rate as published by the Federal Reserve in effect on the Benefit Transaction Date.

Interest will accrue at the effective annual rate determined as described in the previous paragraph plus additional interest at a rate of 10% annually beginning with the date that is 31 calendar days from latest of items (i), (ii) and (iii) to the date the claim is paid, where it is: (i) The date that due proof of death and an acceptable election for the payment method are received by the Company; (ii) The date the company receives sufficient information to determine its liability, the extent of the liability, and the appropriate payee legally entitled to the proceeds; and (iii) the date that legal impediments to payment of proceeds that depend on the action of parties other than the company are resolved and sufficient evidence of the same is provided to the company. Legal impediments to payment include but are not limited to (a) the establishment of guardianships and conservatorships; (b) the appointment and qualification of trustees, executors and administrators and (c) the submission of information required to satisfy a state and federal reporting requirements.

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**PART VIII - ANNUITY BENEFITS** 

**SECTION 8.01 ELECTION OF ANNUITY BENEFITS** 

Subject to the provisions of this section, you may request commencement of an Annuity Benefit before and including the Contract Maturity Date but no less than thirteen months or any other period specified in an Endorsement or Rider attached to this Contract, following the Contract Date. Such request must be in writing and received by our Processing Office at least 60 days prior to the date you request.

As of the Contract Maturity Date, the Annuity Account Value will be applied to provide for the Normal Form of Annuity Benefit (described below). However, you may instead elect one of the following options:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) have the Cash Value paid in a single sum that will not be less than the minimum benefits required by the
applicable IIPRC Uniform Standard,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) apply the Annuity Account Value or Cash Value, whichever applies pursuant to the first paragraph of
Section 8.05, to provide an Annuity Benefit of any form offered by us or one of our affiliated life insurance companies, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) apply the Cash Value to provide any other form of benefit payment we offer, subject to any applicable laws and
regulations.

We will grant a paid-up Annuity Benefit that complies with the applicable IIPRC Uniform Standard.

We will provide notice and election forms to you not more than six months before the Contract Maturity Date.

We have the right to require you to furnish any information we need to provide an Annuity Benefit. We will be fully protected by relying on such information and need not inquire as to its accuracy or completeness.

**SECTION 8.02 CONTRACT MATURITY DATE** 

The Contract Maturity Date is shown in the Data Pages but may be changed by us in conformance with applicable law.

**SECTION 8.03 ANNUITY BENEFIT** 

Payments under an Annuity Benefit will be made monthly to you. If you are not the Annuitant, payments will be made to you, as the Owner. You may elect instead to have the Annuity Benefit paid at other intervals, such as every three months, six months, or twelve months, instead of monthly, subject to our rules at the time of your election or as otherwise stated in the Data Pages, any Endorsement(s), or Rider(s), attached hereto. This election may be made at the time the Annuity Benefit form, as described in Section 8.04, is elected. In that event, all references in this Contract to monthly payments, with respect to the Annuity Benefit to which the election applies, will be deemed to mean payments at the frequency elected.

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**SECTION 8.04 ANNUITY BENEFIT FORMS** 

The ''Normal Form'' of Annuity Benefit is the "Life Annuity with Period Certain" described below, unless another form of annuity is determined to be the Normal Form of annuity, pursuant to any IIPRC Uniform Standard, any plan under which the Contract is purchased, if applicable, the requirements of the Employee Retirement Income Security Act of 1974 (ERISA), as amended, or any other law that applies. The Data Pages will state the Normal Form which applies.

The Life Annuity with Period Certain is an annuity that is payable during the lifetime of the person upon whose life the payments depend, but with a maximum of 10 years of payments guaranteed (10 years certain period). That is, if the original payee dies before the certain period has ended, payments will continue to the Beneficiary named to receive such payments for the balance of the certain period.

We may offer other annuity forms as available from us or from one of our affiliated life insurance companies. Such a form may, for example, include the Joint and Survivor Life Annuity Form which provides monthly payments while either of two persons upon whose lives such payments depend on is living. The monthly amount to be continued when only one of the persons is living will be equal to a percentage, as elected, of the monthly amount that was paid while both were living.

**SECTION 8.05 AMOUNT OF ANNUITY BENEFITS** 

If you elect pursuant to Section 8.01 to have an Annuity Benefit paid in lieu of the Cash Value, then the amount applied to provide the Annuity Benefit will, unless otherwise stated in the Data Pages or required by applicable laws or regulations, be (i) the Annuity Account Value if the annuity form elected provides payments for a person's remaining lifetime or (ii) the Cash Value if the annuity form elected does not provide such lifetime payments.

The amount applied to provide an Annuity Benefit may be reduced by a charge for any taxes which apply on annuity purchase payments. If we have previously deducted charges for taxes from Contributions, we will not again deduct charges for the same taxes before an Annuity Benefit is provided. The balance will be used to purchase the Annuity Benefit on the basis of the Tables of Guaranteed Annuity Payments, shown in the Data Pages The Annuity Benefit at the time of commencement will not be less than that which would be provided by the application of the Cash Value to purchase a single premium immediate annuity contract at purchase rates offered by us at the time to the same class of annuitants.

**SECTION 8.06 CONDITIONS FOR PAYMENT** 

We may require proof acceptable to us that the person on whose life a benefit payment is based is alive when each payment is due. We will require proof of the age of any such person on whose life an Annuity Benefit is based.

If a benefit was based on information that is later found not to be correct, such benefit will be adjusted on the basis of the correct information. The adjustment will be made in the number or amount of the benefit payments, or any amount used to provide the benefit, or any combination.

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Overpayments by us will be charged against future payments. Underpayments will be added to future payments. Our liability is limited to the correct information and the actual amounts used to provide the benefits.

If we receive acceptable proof that (i) a payee entitled to receive any payment under the terms of this Contract is physically or mentally incompetent to receive such payment or a minor, (ii) another person or an institution is then maintaining or has custody of such payee, and (iii) no guardian, committee, or other representative of the estate of such payee has been appointed, we may make the payments to such other person or institution. In the case of a minor, the payments will not exceed $200, or such other amount as may be shown in the Data Pages. We will have no further liability with respect to the payments so made.

If the Annuity Account Value of this Contract, when applied under the Annuity Benefit Form elected, would provide payments of less than the amount stated in the Data Pages, we will pay the Annuity Account Value in a single sum equal to the then-current Annuity Account Value, instead of applying it under the Annuity Benefit Form elected.

**SECTION 8.07 CHANGES** 

We have the right, upon advance notice to you, to change at any time after the fifth anniversary of the Contract Date and at intervals of not less than five years, the guaranteed annuity purchase rates used in the Tables of Guaranteed Annuity Payments for new Contributions. The effective date that applies to each set of purchase rates will be indicated. However, no such change will apply to (a) any Annuity Benefit provided before the change or (b) Contributions made before such change which are applied to provide an Annuity Benefit. Any such change will be made by an Endorsement, approved under the authority of the IIPRC and issued under the Commission standards.

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**PART IX - CHARGES** 

**SECTION 9.01 WITHDRAWAL CHARGES** 

The amount of the Withdrawal Charge is stated in the Data Pages. The amount of such charge will in no event exceed those set forth in the Data Pages.

If specified in the Data Pages, a ''Free Withdrawal Amount'' will apply as described therein.

If the amount of a withdrawal made under Part VI is more than the Free Withdrawal Amount, we will (a) first withdraw from the Investment Options, on the basis described in Section 6.01, an amount equal to the Free Withdrawal Amount, and (b) then withdraw from the Investment Options an amount equal to the excess of the amount requested over the Free Withdrawal Amount, plus a Withdrawal Charge if one applies.

For purposes of this Section, amounts withdrawn up to the Free Withdrawal Amount will not be deemed a withdrawal of any Contributions.

In addition, your years of participation under the Prior Contract or years since contributions were made under the Prior Contract, if applicable, may be included for purposes of determining the Withdrawal Charge, if so specified in the Data Pages in accordance with our rules then in effect.

If specified in the Data Pages, we have the right to reduce or waive the Withdrawal Charge upon such events as stated in the Data Pages. Moreover, the Withdrawal Charge will be reduced if needed in order to comply with any applicable standards under the IIPRC.

**SECTION 9.02 TRANSFER CHARGES** 

We have the right to impose a charge with respect to any transfer among Investment Options after the number of free transfers shown in the Data Pages. The amount of such charge will be set forth in a notice from us to you and will in no event exceed any maximum amount stated in the Data Pages.

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**SECTION 9.03 CHARGE FOR TAXES** 

We reserve the right to deduct from the amount applied to provide an Annuity Benefit a charge that we determine which is designed to approximate certain taxes that may be imposed on us, including but not limited to premium taxes which may apply in your state. If the tax to which this charge relates is imposed on us at a time other than when amounts are applied to an Annuity Benefit or if required by your state, we reserve the right to deduct this charge for taxes from Contributions. The balance will be used to purchase the Annuity Benefit on the basis of either

(i) the Tables of Guaranteed Annuity Payments or (ii) our then current annuity rates, whichever rates would provide a larger benefit with respect to the payee.

**SECTION 9.04 THIRD PARTY TRANSFER CHARGE** 

We have the right to deduct a charge for any amount withdrawn from this Contract and directly transferred to another investment provider, retirement Plan, account, or contract, as applicable. This charge would apply to direct transfers, direct rollovers and exchanges of this Contract for another contract issued by another company. This charge, if any, will be specified in the Data Pages.

**SECTION 9.05 CONTRACT FEE** 

For amounts held in the Structured Investment Option, the "Contract Fee" means a fee that is deducted from each Segment on the Segment Maturity Date as part of the Segment Rate of Return calculation, as shown in the Data Pages. If your Contract is (i) terminated, (ii) amounts are applied to an Annuity Benefit, (iii) a withdrawal is made, (iv) a transfer out of a Segment is taken, or (v) a Death Benefit is paid, on any date other than the Segment Maturity Date, we will deduct a pro rata portion of the Contract Fee from each Segment.

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**PART X – GENERAL PROVISIONS** 

**SECTION 10.01 CONTRACT** 

This Contract is the entire Contract as defined in Part I between the parties. It will govern with respect to our rights and obligations.

This Contract may not be changed, nor may any of our rights or rules be waived, except in writing and by our authorized officer.

This Contract is non-participating and does not share in the profits or surplus of the Company.

**SECTION 10.02 STATUTORY COMPLIANCE** 

We have the right to change this Contract without the consent of any other person in order to comply with any laws and regulations that apply. Such right will include, but not be limited to, the right to conform this Contract to reflect requirements of the Code and Treasury regulations or published rulings of the Internal Revenue Service, the Employee Retirement Income Security Act of 1974 and regulations thereunder, and federal securities laws.

Any paid-up annuity benefits, Cash Value or Death Benefit that may be available under this Contract will not be less than the minimum benefits required by any applicable IIPRC Uniform Standards, including the minimum benefits required by Section 7 of the NAIC Model Variable Annuity Regulation, model # 250.

These benefits will be adjusted as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) increased by any amounts credited to this Contract by us;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) decreased by any indebtedness to us; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) it will be reduced by any prior withdrawals from this Contract.

This Contract is approved under the authority of the IIPRC and issued under the Commission standards. Any provision of the Contract that on the provision's effective date is in conflict with the applicable IIPRC standards for this product type in effect as of the provision's effective date of Commission Contract approval is hereby amended to conform to the IIPRC standards in effect as of the provision's effective date of Commission Contract approval.

**SECTION 10.03 DEFERMENT** 

A payment of any portion of the Annuity Account Value (less any Withdrawal Charge that applies) will be made within seven calendar days after the Transaction Date of the request. Payments can be deferred for any period during which (1) any of the stock exchanges is closed or trading is restricted, (2) the Securities and Exchange Commission has determined that a state of emergency exists that may make determination and payment impractical., or (3) the Securities and Exchange Commission, by order, permits us to defer payment in order to protect persons with interests in the Investment Options.

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We may defer the payment of any Cash Value or partial Withdrawal, for a period of not more than six (6) months. We will make a written request to and receive written approval from the chief insurance regulator of the New York Department of Financial Services, our state of domicile, prior to exercising any contractual right to defer the payment.

**SECTION 10.04 REPORTS AND NOTICES** 

At least once each year until the Contract Maturity Date, we will send you a report which will indicate the following information:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The beginning and end dates for the current report period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Annuity Account Value and Segment Interim Value, if any, at the beginning and end of the current report
period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The amounts credited to or debited from the Annuity Account Value during the current report period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Cash Value, if any, at the end of the current report period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The amount of the Death Benefit at the end of the current report period.

In addition to the report described above, we will send you a report for each new Segment to which Annuity Account Value was allocated showing the Segment Start Date, Segment Maturity Date and Performance Cap Rate. We may also send periodic statements to you reflecting transactions on your Contract during that period and any other information as may be required by the IIPRC.

A report as described above or any written notice as described in any other Section, will be satisfied by our mailing of any such report, statement, or notice to your last known address as shown in our records. The information provided will be as of a date not more than four months prior to the date of mailing. We will make additional copies of the report available to you upon request at no cost.

**SECTION 10.05 ASSIGNMENTS AND TRANSFERABILITY** 

You may assign your rights under this Contract, except in situations where restrictions are required for the purposes of satisfying applicable laws or regulations, including Rule 12h-7 or successor regulations under the Securities Exchange Act of 1934, as amended. If your Contract is assigned absolutely, we will treat it as a change of ownership and all interests and rights will be transferred. We are not bound by any assignment unless we receive notice. We are not responsible for the validity of any assignment. The change will become effective as of the date the notice is signed, unless otherwise specified by the Owner, subject to any payments made or actions taken by the Company prior to receipt of this notice. The effect of change of ownership on any optional benefit is described in the applicable optional benefit rider.

**SECTION 10.06 PAYMENTS** 

All amounts payable by you must be paid by check drawn on a bank that is subject to regulation by the United States or an agency or instrumentality thereof or a State, and payable to us (in United States dollars) or by any other method acceptable to us.

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We will pay all amounts hereunder by check (drawn on a United States bank in United States dollars) or, if so, agreed by you and us, by wire transfer unless stated otherwise in the Data Pages.

Any requirement for distribution or withdrawal of interest in the Contract shall be fully discharged by payment of the Death Benefit, Annuity Account Value or Cash Value, whichever is applicable, to the Owner or the Beneficiary, as the case may be and mailed to the address as shown in our records by United States mail unless we agree to transmit the funds to another person or in another form in accordance with the terms and conditions of the Contract.

**SECTION 10.07 HOW TO COMMUNICATE WITH US** 

All transaction requests and other notices to us must be in writing in a form satisfactory to us, and delivered by U.S. mail to our Processing Office, except to the extent we agree, by advance written notification to you, to receive such requests or notices in another manner.

Transfer requests must also be in writing and delivered by U.S. mail to our Processing Office unless we accept an alternative form of communication (such as internet, fax or automated telephone). The use of alternative forms of communication is subject to our rules then in effect for each such service. We may provide information about our rules and the use of communications services in the contract prospectus, prospectus supplements or other notifications, as mailed to your last known address in our records from time to time. Any alternative form of communication that we make available may be changed or discontinued at any time.

We may choose to change a previously accepted manner of communication at our discretion. Transaction requests or other communications sent to us will not be effective until received at the Processing Office on a Business Day. Your Contract number should be included in all correspondence.

**SECTION 10.08 INCONTESTABILITY** 

This Contract will be incontestable from its date of issue.

**SECTION 10.09 MISSTATEMENT OF AGE** 

If the age (or sex, if applicable) of any person upon whose life an Annuity Benefit or an optional benefit Rider depends on ("Covered Person") has been misstated, any benefits will be those which would have been purchased at the correct age (or sex).

If the Covered Person would not have been eligible for an optional benefit Rider at the correct age, (i) the Rider will be rescinded; (ii) any charges that were deducted for the benefit will be refunded and applied to the Annuity Account Value of the Contract, and (iii) only the Death Benefit provided under Section 8.02 will apply.

Any overpayments or underpayments made by us will be charged or credited with interest at (a) the rate shown in the Data Pages or (b) the then current guaranteed interest rate; we will choose which rate will apply on a uniform basis for like Contracts. Such interest, which will not exceed a rate of 6%, will be deducted from or added to future payments.

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**SECTION 10.10 CHANGE IN OWNER** 

You, as the Owner, may change the Owner(s) of this Contract at any time after the Contract Date by sending notice to us using a properly completed change of ownership administrative form. The change of Owner will become effective as of the date the notice is signed, unless otherwise specified by the Owner, subject to any payments made or actions taken by the Company prior to receipt of this notice. A change of Owner request may be refused in a non-discriminatory manner in order to comply with any applicable laws or regulations, including Rule 12h-7 or successor regulations under the Securities Exchange Act of 1934, as amended. A change of Owner will automatically revoke any prior designation of Owner.

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## Ex-99.(27)(D)(2)

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| | |
|:---|:---|
| **Owner:** | [JOHN DOE] |
| **Annuitant:** | [JOHN DOE] |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Joint Owner:**  | [DORIS DOE]] |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Joint Annuitant:** | [DORIS DOE]] |
| **Contract Number:** | [00000] |
| **Contract Date:** | [July 1, 2025] |

---

**[INDIVIDUAL FLEXIBLE PREMIUM DEFERRED FIXED** 

**AND INDEX LINKED VARIABLE ANNUITY CONTRACT** 

Processing Office: Equitable Financial Life Insurance Company,

[P.O. Box 1424, Charlotte NC 28201-1424, 1-800-789-7771, www.equitable.com]

This is the entire Contract. This Contract is issued in return for the Contributions made to us under this Contract. This Contract becomes effective on the Contract Date. The Annuitant and the Owner must be living on the Contract Date.

In this Contract, ''we'', ''our'', ''us'' and the "Company" mean Equitable Financial Life Insurance Company ("Equitable"). ''You'' and ''your'' mean the Owner.

We will provide the benefits and other rights pursuant to the terms of this Contract.

**RIGHT TO EXAMINE CONTRACT** - This Contract may be returned to us for any reason within [ten] days ([thirty] days if this is a replacement Contract or longer if required by state law) after you receive it by mailing or delivering the Contract to either, us at the Processing Office, or to the agent through whom it was purchased. We will promptly refund any Contribution received on your behalf.

**Any questions or complaints pertaining to this Contract may be directed to our Processing Office, indicated above. You may contact the [State] Department of Insurance, Phone: [(800) 555-5555].** 

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY, a stock Life insurance company** 

Home Office address: [1345 Avenue of the Americas, New York, New York 10105]

[ [

---

| | |
|:---|:---|
| ![LOGO](g940225g53f00.jpg) | ![LOGO](g940225g64u65.jpg) |
| Mark Pearson,<br> Chief Executive Officer] | José Ramón González<br> Chief Legal Officer and Secretary] |

---

**The portion of Annuity Account Value in the Structured Investment Option (Part II) may increase or decrease in value based on the performance of external Indices subject to the applicable Performance Cap Rate and Segment Buffer.** 

**There is a risk of loss, and the loss may be greater if the withdrawal, death, annuitization, transfer, or surrender occurs before the Segment Maturity Date. Any gains may be limited and are not guaranteed. While the Contract values may be affected by an external Index or Indices, you do not directly participate in any stock or equity investment. The Segment Interim Value may reflect a negative return even if the Index increases, may reflect a positive return even if the Index decreases, and may be lower than the amount available on the Segment Maturity Date.** 

NON-PARTICIPATING

PLEASE READ YOUR CONTRACT CAREFULLY

ICC25-SCSBASE4

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**TABLE OF CONTENTS** 

---

| | | |
|:---|:---|:---|
|  |  | <u>Page</u> |
| DATA |  |  |
| Part I | GENERAL DEFINITIONS | 3 |
| Part II | STRUCTURED INVESTMENT OPTION | 6 |
| PART III | GUARANTEED INTEREST OPTION | 12 |
| Part IV | CONTRIBUTIONS AND ALLOCATIONS | 13 |
| Part V | TRANSFERS AMONG INVESTMENT OPTIONS | 15 |
| Part VI | WITHDRAWALS AND TERMINATION | 16 |
| Part VII | PAYMENT UPON DEATH | 17 |
| Part VIII | ANNUITY BENEFITS | 21 |
| Part IX | CHARGES | 24 |
| Part X | GENERAL PROVISIONS | 25 |

---

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**PART I – GENERAL DEFINITIONS** 

**SECTION 1.01 ANNUITANT** 

''Annuitant'' means the individual who is the measuring life for determining the Contract's Maturity Date, unless stated otherwise, or, if applicable, any successor Annuitant that is permitted under the Contract as described in an Endorsement attached hereto. The Annuitant is shown in the Data Pages.

**SECTION 1.02 ANNUITY ACCOUNT VALUE** 

''Annuity Account Value'' means the sum of the amounts held for you in the Investment Options.

**SECTION 1.03 ANNUITY BENEFIT** 

''Annuity Benefit'' means a benefit payable by us as described in Part VIII.

**SECTION 1.04 BENEFIT TRANSACTION DATE** 

"Benefit Transaction Date" means the date on which we receive the Beneficiary Requirements for the portion of the Death Benefit payable to a Beneficiary. See Part VII.

**SECTION 1.05 BUSINESS DAY** 

"Business Day" means generally any day on which the New York Stock Exchange is open for trading and generally ends at 4:00 pm Eastern Time or such other time as we state in writing to the Owner.

**SECTION 1.06 CASH VALUE** 

''Cash Value'' means an amount equal to the Annuity Account Value, less any charges that apply as described in Part IX and any charges that may apply as described in any applicable Endorsement(s) or Rider(s).

**SECTION 1.07 CODE** 

''Code'' means the Internal Revenue Code of 1986, as amended at any time, or any corresponding provisions of prior or subsequent United States revenue laws. References to the "Code" in this Contract include references to applicable Federal income tax regulations.

**SECTION 1.08 CONTRACT** 

''Contract'' means this Contract including the Data Pages, any Endorsements and any applicable Rider(s). This is the entire Contract.

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**SECTION 1.09 CONTRACT DATE** 

''Contract Date'' means the date the Contract is issued and becomes effective. The Contract Date is shown in the Data Pages.

**SECTION 1.10 CONTRACT DATE ANNIVERSARY** 

A Contract Date Anniversary is the last day of the Contract Year.

**SECTION 1.11 CONTRACT MATURITY DATE** 

''Contract Maturity Date'' means the date on which the Annuity Benefit payments are to commence unless an earlier election is made. See Part VIII.

**SECTION 1.12 CONTRACT YEAR** 

''Contract Year'' means the twelve-month period starting on (i) the Contract Date and (ii) the same date each subsequent year, unless we agree to another period.

**SECTION 1.13 CONTRIBUTION** 

''Contribution'' means a payment made to us under the Contract. See Part IV.

**SECTION 1.14 EMPLOYER** 

''Employer'' means, if applicable, an employer as defined in an Endorsement or Rider attached hereto.

**SECTION 1.15 GENERAL ACCOUNT** 

"General Account" means the account that contains all assets held in the Guaranteed Interest Option, the Segment Type Holding Account, and the Structured Investment Option, unless otherwise specified in an Endorsement.

**SECTION 1.16 GUARANTEED INTEREST OPTION** 

"Guaranteed Interest Option" means an Investment Option that provides for a guaranteed minimum interest rate as described in Part III of this Contract and the Data Pages.

**SECTION 1.17 INVESTMENT OPTION** 

''Investment Option'' means the Structured Investment Option, a Segment Type Holding Account, or the Guaranteed Interest Option.

**SECTION 1.18 NON-NATURAL OWNER** 

"Non-Natural Owner" means an Owner who is not an individual.

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**SECTION 1.19 OWNER** 

''Owner'' means the person or entity shown as such on the cover page and in the Data Pages, or any successor owner.

**SECTION 1.20 PRIOR CONTRACT** 

''Prior Contract'' means another contract or certificate issued by us, or one of our affiliates, from which the Owner and we have agreed to transfer amounts to this Contract.

**SECTION 1.21 PLAN** 

"Plan" means (if applicable, in an Endorsement or Rider attached hereto) a retirement savings plan adopted and maintained by an Employer, which the Plan is intended to meet the requirements for qualification under one of the Sections of the Code as specified any Endorsement or Rider.

**SECTION 1.22 PROCESSING OFFICE** 

''Processing Office'' means the Equitable Processing office shown on the cover page of this Contract, or such other location we may state upon written notice to you.

**SECTION 1.23 STRUCTURED INVESTMENT OPTION**

"Structured Investment Option" means the Segments described in Part II. The Annuity Account Value in the Structured Investment Option is the sum of your Annuity Account Value in the Segments. The Structured Investment Option is part of our General Account.

**SECTION 1.24 TRANSACTION DATE** 

"Transaction Date" is the Business Day we receive at the Processing Office a Contribution or a transaction request providing the information we need to complete the transaction. Transaction requests must be in a form acceptable to us and are processed at the close of the Business Day.

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**PART II – STRUCTURED INVESTMENT OPTION** 

**SECTION 2.01 DEFINITIONS** 

*In this Part II, we define certain terms that are used in connection with the Structured Investment Option.* 

**SECTION 2.01(a) INDEX** 

"Index" means a benchmark designed to track the performance of a defined portfolio of securities not including dividends, used to determine the Segment Rate of Return for a Segment Type. The currently designated Indices are shown in the Data Pages.

**SECTION 2.01(b) INDEX PERFORMANCE RATE** 

"Index Performance Rate" means, for any Segment, the percentage change in the value of the related Index from the Segment Start Date to the Segment Maturity Date. This calculation, called the point-to-point- method, compares the change in the Index between two discrete points in time, namely the Segment Start Date and the Segment Maturity Date. In certain instances, an Index may not publish a price on a Segment Start Date or Segment Maturity Date in which case we will use the last published price as the price on such a Segment Start Date, or Segment Maturity Date for purposes of calculating the Index Performance Rate. The Index Performance Rate may be positive or negative.

**SECTION 2.01(c) PARTICIPATION RATE** 

The **"**Participation Rate" determines how much of the positive Index Performance Rate is used to calculate the Segment Rate of Return on the Segment Maturity Date. Different Segments may have different Participation Rates. The Participation Rates may vary between Segments and may also vary on a class basis as to a particular Segment or Segments. The initial Participation Rate(s) applicable to the Segment(s) elected by you on the Contract Date is shown in the Data Pages.

**SECTION 2.01(d) PERFORMANCE CAP RATE** 

"Performance Cap Rate" generally means the highest Segment Rate of Return that can be credited on a Segment Maturity Date. We set the Performance Cap Rate for each new Segment on the Segment Start Date. We reserve the right to set the Performance Cap Rate at any time on or prior to the Segment Start Date. The Performance Cap Rate may vary between Segments and may also vary on a class basis as to a particular Segment or Segments. The initial Performance Cap Rate(s) applicable to the Segment(s) elected by you on the Contract Date is shown in the Data Pages.

**SECTION 2.01(e) SEGMENT** 

"Segment" means an Investment Option we establish for a given Segment Option, with a specific Index, Segment Duration, Segment Buffer, Segment Maturity Date, Performance Cap Rate, and Participation Rate.

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**SECTION 2.01(f) SEGMENT BUFFER** 

"Segment Buffer" means the maximum percentage decline in the performance of an Index during a Segment Duration that will be absorbed under the Contract with no resulting reduction in the Segment Maturity Value for a Segment held until its Segment Maturity Date.

**SECTION 2.01(g) SEGMENT DURATION** 

"Segment Duration" means the period from the Segment Start Date to the Segment Maturity Date.

**SECTION 2.01(h) SEGMENT INTERIM VALUE** 

"Segment Interim Value" means the Annuity Account Value in a Segment prior to the Segment Maturity Date.

**SECTION 2.01(i) SEGMENT INVESTMENT** 

"Segment Investment" means the amount of your initial allocation to a Segment, adjusted for withdrawals.

**SECTION 2.01(j) SEGMENT MATURITY DATE** 

"Segment Maturity Date" means the Business Day a Segment ends. A Segment Maturity Date must occur on a Business Day and is shown in the Data Pages.

**SECTION 2.01(k) SEGMENT MATURITY VALUE** 

**"**Segment Maturity Value" means the sum of your Segment Investment and your Segment Return Amount in a Segment on the Segment Maturity Date as described in Section 2.03.

**SECTION 2.01 (l) SEGMENT OPTION** 

"Segment Option" defines a group of Segments which use the same formula for calculating a Segment Rate of Return. The Segment Options available under this Contract are described in the Rider(s) attached to the Contract and shown in the Data Pages.

**SECTION 2.01(m) SEGMENT PARTICIPATION REQUIREMENTS** 

"Segment Participation Requirements" means the requirements that must be met before amounts are invested in a Segment.

**SECTION 2.01(n) SEGMENT RATE OF RETURN** 

"Segment Rate of Return" varies by Segment Option and is shown in the applicable Segment Option Rider(s) under this Contract.

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**SECTION 2.01(o) SEGMENT START DATE** 

"Segment Start Date" means the Business Day on which a Segment begins. A Segment Start Date must occur on a Business Day and is shown in the Data Pages.

**SECTION 2.01(p) SEGMENT RETURN AMOUNT** 

"Segment Return Amount" means an amount equal to the Segment Rate of Return multiplied by your Segment Investment on the Segment Maturity Date. The Segment Return Amount is added to, or subtracted from, the Segment Investment to determine your Segment Maturity Value, as described in Section 2.05.

**SECTION 2.01(q) SEGMENT TRANSACTION DATE** 

"Segment Transaction Date" means a Business Day on which new Segments begin and existing Segments end.

**SECTION 2.01(r) SEGMENT TYPE** 

"Segment Type" means all Segments of the same Segment Option that have the same Index, Segment Duration, and Segment Buffer. The Segment Types currently available on the Contract Date are shown in the Data Pages.

**SECTION 2.01(s) SEGMENT TYPE HOLDING ACCOUNT** 

"Segment Type Holding Account" means an account that holds contributions and transfers allocated to a Segment Type pending investment in a Segment. There is a Segment Type Holding Account for each Segment Type. The Segment Type Holding Account is shown in the Data Pages. We have the right to designate another Investment Option for purposes of the Segment Type Holding Account. We will notify you of any such change prior to our use of any alternative Investment Option for the Segment Type Holding Account. The Segment Type Holding Account is part of our General Account.

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**OPERATION OF THE STRUCTURED INVESTMENT OPTION** 

**SECTION 2.02 INVESTMENT IN A SEGMENT ON A SEGMENT START DATE** 

We may establish new Segments on Segment Start Dates. Your Annuity Account Value in a Segment Type Holding Account is automatically transferred to the next new Segment that we establish in that Segment Type on its Segment Start Date, as provided in Section 4.01A.

**SECTION 2.03 ALLOCATION OPTIONS ON A SEGMENT MATURITY DATE** 

If you have not provided us with instructions for allocation of the Segment Maturity Value, your Segment Maturity Value will be allocated to the same Segment Type as the Segment that matured for transfer to the next new Segment of that Type as described in Section 4.01A. However, if the same Segment Type has been terminated, your Segment Maturity Value will be transferred to the Guaranteed Interest Option.

On your Segment Maturity Date, we will reallocate the Segment Maturity Value to your instructions on file among the available Investment Options, unless you request either a withdrawal or transfer of any portion of your Segment Maturity Value, or a combination thereof, in which case, we will process withdrawals before transfers. If there are any amounts remaining after your withdrawal and transfer requests are processed, then a reallocation of your remaining Segment Maturity Value will be processed based on your instructions on file. You may change your instructions on file at any time by sending us the proper form. Changes will be effective on the Business Day of receipt by us, but for any particular Segment Maturity Date, the change must be received by us before the Segment Maturity Date.

**SECTION 2.04 SEGMENT INTERIM VALUE** 

The Segment Interim Value is the Annuity Account Value in a Segment prior to the Segment Maturity Date. It is the value used in computing the Cash Value and for all events including withdrawals, death, transfers, surrender, and annuitization prior to the Segment Maturity Date.

We determine the Segment Interim Value of your investment in a Segment on each Business Day that falls between the Segment Start Date and Segment Maturity Date, based on the estimated value of financial instruments consistent with current market prices and representing our obligation to provide your Segment Maturity Value on the Segment Maturity Date.

The Segment Interim Value is equal to the sum of the Fair Value of Hypothetical Fixed Instruments, the Fair Value of Hypothetical Derivatives, and the Cap Calculation Factor.

Fair Value of Hypothetical Fixed Instrument, which is based on the investment rate associated with the Segment's remaining time to maturity, matures with a maturity value of Segment Investment on the Segment Maturity Date. Investment rates are interest rates associated with investment grade fixed income instruments which can be used to back the Segment.

The Fair Value of Hypothetical Derivatives is the estimated market value of hypothetical derivatives, including put and call options or similar instruments, of the risk of loss and the possibility of gain on the Segment Maturity Date. It also reflects the estimated transaction cost incurred in the event that the Segment ends prior to the Segment Maturity Date.

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The Cap Calculation Factor refunds the portion of the estimated annual expenses that we used in calculating the Performance Cap Rate at the Segment Start Date but has not been fully incurred due to the partial period.

**SECTION 2.05 SEGMENT MATURITY VALUE** 

We determine your Segment Maturity Value on the Segment Maturity Date based on your Segment Rate of Return as shown in the Segment Rate of Return Section in the applicable Segment Option Rider and your Segment Return Amount, as described in Section 2.01(p). Your Segment Maturity Value is the sum of your Segment Investment plus your Segment Return Amount on the Segment Maturity Date.

A Segment ends upon its Segment Maturity Date. Upon maturity of a Segment, the Segment Maturity Value is transferred to another Investment Option as described in Section 2.03.

**SECTION 2.06 DISCONTINUATION OF OR SUBSTANTIAL CHANGE TO THE INDEX** 

We have the right, subject to approval by the Interstate Insurance Product Regulation Commission (IIPRC) to:

(a) substitute an alternative Index if the publication of the Index is discontinued, if the Index values become
unavailable, if there is a substantial change in the calculation of the Index, or if we lose our license or permission to use the Index, inability to hedge risks associated with the Index, or similar conditions approved by the IIPRC. . An
alternative Index would not change the Segment Buffer or Performance Cap Rate of the Segment for which the Index is being substituted; or

(b) end a Segment if an Index is discontinued or otherwise becomes unavailable to us and no reasonable alternative
is then available for substitution of such Index. In such case, the affected Segments will end prematurely by applying the Segment Performance Cap Rate and Segment Buffer to the actual gains or losses on the original Index immediately before the
Index is discontinued.

Any such change will be made by an Endorsement, approved under the authority of the IIPRC and issued under the Commission standards.

We will notify you in advance of any of the above actions we take.

**SECTION 2.07 CHANGES TO SEGMENT TYPES AND SEGMENTS** 

We reserve the right to change the Segment Start Date and/or Segment Maturity Date, to change the frequency with which we offer new Segments, to stop offering them, or to temporarily suspend offering new Segments. The Segment Start Date and/or Segment Maturity Date will not change during a Segment Duration. We also reserve the right to add new Segment Types. We will notify you of any of the above actions we take.

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If we suspend the offering of new Segments for a Segment Type, amounts invested in the Segment Type Holding Account for that Segment Type will remain in the Segment Type Holding Account until the next Segment Start Date that Segment Participation Requirements are met on or after the date, we lift the suspension or until you instruct us to transfer amounts out of the Segment Type Holding Account.

If the offering of a Segment Type is terminated, amounts invested in the Segment Type Holding Account will be transferred to the Guaranteed Interest Option.

**SECTION 2.08 EFFECT OF AN UNSCHEDULED CLOSE DAY** 

An unscheduled close day for any given Segment Type is a Business Day on which the value of the Index for the Segment Type is scheduled to be published but is not published.

If the New York Stock Exchange is open but an Index price is not published, and the Segment Start Date or Segment Maturity Date falls on that day, we will use the last available Bloomberg closing price for the respective Index as the Index value on the Segment Start Date or Segment Maturity Date, as applicable.

If the NY Stock Exchange has an unscheduled close day, such day will no longer be considered a Business Day for purposes of the Segment Start Date and Segment Maturity Date. Any Segment Start Date and Segment Maturity Date falling on an unscheduled Segment close day will be changed to the next Business Day. In the event of a change to the Segment Maturity Date, we will use the closing value from the next Business Day to determine the Segment Maturity Value.

We may also defer transactions from the Segment as described in the "Deferment" section.

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**PART III - INVESTMENT OPTION** 

**SECTION 3.01 GUARANTEED INTEREST OPTION** 

The Guaranteed Interest Option is part of our General Account.

The amount in the Guaranteed Interest Option at any time is equal to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• All amounts that have been allocated or transferred to the Guaranteed Interest Option plus

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the amount of any interest credited, less

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• all amounts that have been withdrawn (including charges) or transferred from such Option.

We will credit the amounts in the Guaranteed Interest Option with interest at effective rates that we set periodically (the "Crediting Rate").

The initial Crediting Rate will remain in effect for the entire first Contract Year and is shown in your Data Pages.

For each subsequent Contract Year, the Crediting Rate will be redetermined. This new Crediting Rate will remain in effect throughout the Contract Year.

The Crediting Rate will not be less than the minimum benefits required by the NAIC *Standard Nonforfeiture Law for Individual Deferred Annuities*, model #805, using the nonforfeiture interest rate consistent with the minimum nonforfeiture interest rate prescribed in the law of the state in which the policy is delivered or issued for delivery. Interest will be credited to the amounts held in the Guaranteed Interest Option daily. The initial nonforfeiture rate and the minimum nonforfeiture rate are shown in the Data Pages.

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**PART IV - CONTRIBUTIONS AND ALLOCATIONS** 

**SECTION 4.01 CONTRIBUTIONS AND ALLOCATIONS** 

You may allocate Contributions and transfers to the Guaranteed Interest Option available under this Contract in accordance with the terms and conditions of this Contract. You may change the allocation instructions at any time by sending us the proper form. Allocation percentages must be in whole numbers (no fractions) and must total 100%. Each Contribution is allocated (after deduction of any charges that may apply) in accordance with the allocation instructions in effect on the Transaction Date of the Contribution.

The available Investment Options on the Contract Date are shown in the Data Pages. We have the right to add Investment Options, to limit the number of Investment Options which you may elect, and to limit or terminate allocations to an Investment Option.

**SECTION 4.01A CONTRIBUTIONS AND ALLOCATIONS TO THE STRUCTURED INVESTMENT OPTION** 

Contributions and transfers allocated to a Segment are initially invested in the Segment Type Holding Account until the next available Segment Start Date for that Segment Type unless such allocation occurs on a Segment Transaction Date in which case amounts are directly allocated to a Segment, provided that all Segment Participation Requirements are met. Unless otherwise stated in the Data Pages, all amounts in a Segment Type Holding Account will be transferred into the Segment on the Segment Start Date, provided that all Segment Participation Requirements are met. Any such amounts, including the investment results of the Segment Type Holding Account are transferred from the Segment Type Holding Account to the designated Segment pursuant to the prior sentence.

On a Segment Maturity Date, any Segment Maturity Value to be transferred to a new Segment pursuant to your Segment Maturity Date instructions or as otherwise provided in Section 2.05 is transferred to the designated Segment.

*Segment Participation Requirements* 

Unless otherwise provided in the Data Pages, the following Segment Participation Requirements must be met on a Segment Start Date in order for amounts to be transferred to a Segment:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Segment is available, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Segment does not have a Segment Duration that extends beyond your Contract Maturity Date.

In general, amounts that are not invested in a Segment because Segment Participation Requirements have not been met will be held in the Segment Type Holding Account and be transferred to the next new Segment for which the Segment Participation Requirements are met, as described in Section 4.01A. However, if Segment Participation Requirements have not been met because the Segment Type has been terminated, or if the Segment Maturity Date of that Segment Type would be later than your Contract Maturity Date, the amount to be invested in that Segment will be transferred to the Guaranteed Interest Option. We may change the Participation Requirements and will provide you advance notice of any such change.

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**SECTION 4.02 LIMITS ON CONTRIBUTIONS** 

We have the right not to accept any Contribution which is less than the minimum amount shown in the Data Pages. The Data Pages indicate other Contribution limitations and requirements which may apply. We also have the right, in addition to any such limitations and requirements, upon advance notice to you, to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) change such limitations and requirements to apply to Contributions made after the date of such change, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) discontinue acceptance of Contributions with respect to all Contracts or with respect to all Contracts of the
same class.

Any change in limitations or discontinuation of Contributions will be implemented to manage the financial risk to the Company in the event market and/or economic conditions decline.

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**PART V - TRANSFERS AMONG INVESTMENT OPTIONS** 

**SECTION 5.01 TRANSFER REQUESTS** 

You may request to transfer all or part of the amount held in an Investment Option to one or more of the other Investment Options. The request must be in a form we accept. A transfer request will not be accepted if it involves less than the minimum amount, if any, stated in the Data Pages (unless the Annuity Account Value is less than such amount). All transfers will be made on the Transaction Date.

With respect to transfers from a Segment prior to the Segment Maturity Date, such transfers reduce the Segment Investment on a pro rata basis by the same proportion that the Segment Interim Value is reduced on the date of the transfer.

Transfers are subject to Sections 4.01, 5.02 and our rules in effect at the time of transfer.

**SECTION 5.02 TRANSFER RULES** 

The transfer rules which currently apply are described in the Data Pages. We have the right to change these rules. Any change will be made upon advance notice to you.

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**PART VI - WITHDRAWALS AND TERMINATION** 

**SECTION 6.01 WITHDRAWALS** 

Unless otherwise stated in the Data Pages, you may request, pursuant to our procedures then in effect, a withdrawal from the Investment Options before the Contract Maturity Date. The request must be in a form we accept.

On the Transaction Date, we will pay the amount of the withdrawal requested, or, if less, the Cash Value. The amount to be paid will be withdrawn as stated in the Data Pages. Amounts withdrawn from a Segment on a date other than the Segment Maturity Date will reflect the Segment's Segment Interim Value. Withdrawals from a Segment prior to your Segment Maturity Date reduce the Segment Investment on a pro rata basis by the same proportion that the Segment Interim Value is reduced on the date of the withdrawal.

We will not accept a withdrawal request if it involves less than the minimum amount, if any, stated in the Data Pages. Further conditions or restrictions may apply if stated in the Data Pages or in an Endorsement or Rider attached hereto.

**SECTION 6.02 CONTRACT TERMINATION** 

Payment of the Death Benefit terminates the Contract. In addition, we reserve the right to terminate this Contract if one or more of the following events occurs, unless otherwise specified in any Endorsement, Rider or Data Pages attached hereto:

(a) A withdrawal is made under Section 6.01 that would result in an Annuity Account Value of an amount less
than the minimum amount stated in the Data Pages.

(b) If, before the Contract Maturity Date, no Contributions are made during the last three completed Contract Years
and the Annuity Account Value is less than the minimum amount stated in the Data Pages. .

(c) If as a result of the deduction of a charge or fee, or you make a withdrawal that reduces the Annuity Account
Value to zero.

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**PART VII – PAYMENT UPON DEATH** 

**SECTION 7.01 BENEFICIARY** 

You give us the name of the beneficiary **("**Beneficiary**")** who is to receive any death benefit ("Death Benefit") payable because of your death. You may change the Beneficiary during your lifetime and while coverage under the Contract is in force. Any such change must be made in writing. Unless otherwise specified by you, a change will take effect as of the date the written change is signed by you, whether or not you are living on the date of receipt at our Processing Office. However, we will not be liable as to any payments we make or actions we take before we receive any such change at our Processing Office.

You may name one or more persons to be primary Beneficiary and one or more other persons to be successor Beneficiary if the primary Beneficiary dies before the Owner. Unless you direct otherwise, if you have named two or more persons as Beneficiary, the Beneficiary will be the named person or persons who survive you and payments will be made to such persons in equal shares or to the survivor.

Any part of a Death Benefit for which there is no named Beneficiary living at your death will be payable in a single sum to your surviving spouse, if any; if there is no surviving spouse, then to your surviving children in equal shares; if there are no surviving children, then to your estate.

If the Contract is owned by a Non-Natural Owner, any applicable Death Benefit will be based on the death of the Annuitant or Joint Annuitant, if applicable. For purpose of this Section, "you" or "your" refer to the Annuitant when describing the Death Benefit under a Non-Natural Owner Contract.

**SECTION 7.02 PAYMENT UPON DEATH** 

Unless otherwise described in an optional Rider, any Endorsement or the Data Pages attached hereto, the Death Benefit is equal to the Annuity Account Value on the Benefit Transaction Date.

*Effect of Notification of Death* 

If you die while this Contract is in force and before the earlier of (i) the date payments commence under Part VIII and (ii) the Contract Maturity Date, we will pay a Death Benefit to the Beneficiary(ies) described under Section 7.01. Payment of the Death Benefit is subject to the terms of Part VII, and any special rules which may apply as described in the Data Pages, Endorsement(s), and any Rider(s), attached hereto.

Payment of a Death Benefit will be made as of the Business Day on which we have received the following "Beneficiary Requirements" :

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) a properly completed written request;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) due proof of death (as evidenced by a certified copy of the death certificate);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) each Beneficiary's acceptable election for the payment method;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) proof satisfactory to us that the person claiming the Death Benefit is the person entitled to receive it;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) tax information required by the Code; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) any other forms we require.

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Upon receipt of notification of your death, if we have not received the Beneficiary Requirements described above, your Contract will continue to remain in-force and invested in the Investment Options. Transactions will not be permitted except as described in this paragraph with respect to the Structured Investment Option. We will not permit any transfers into or withdrawals from a Segment. Amounts in a Segment Type Holding Account will be transferred to the Guaranteed Interest Option on the Segment Start Date. For Segments in effect on the Segment Maturity Date, amounts will be transferred to the Guaranteed Interest Option for any Segments in effect prior to your death.

*Effect of Death on Amounts Allocated to the Structured Investment Option* 

If any amounts are held under a Segment, amounts required for the payment of a Death Benefit will be withdrawn from the Segment as described in Section 6.01 of the Contract. Amounts withdrawn from a Segment on a date other than the Segment Maturity Date will reflect the Segment's Segment Interim Value.

If amounts are allocated to any Segment in the Structured Investment Option at the time of your death, unless required for the payment of a Death Benefit, there will be no withdrawal from a Segment prior to the Segment Maturity Date. Amounts in Segments must remain in the Segments until the earlier of the Segment Maturity Date or the Transaction Date of a withdrawal.

***Applicable to Non-Qualified Contracts:***

If amounts are allocated to any Segment in the Structured Investment Option at the time of your death, amounts in such Segments remain in the Segments until (i) the earlier of (a) the Segment Maturity Date or (b) the Transaction Date on which a transfer out of any such Segment is made or a withdrawal is taken or (ii) in the case of Contracts continued under the Non-Qualified Beneficiary Continuation Option described in the Endorsement Applicable to Non-Qualified Contracts, at the end of the period by which your Beneficiary's interest has to be distributed. A Beneficiary or surviving Joint Owner continuing the Contract may allocate amounts to a Segment but not to a Segment Type with a duration that is longer than the remaining distribution period under the One Year Rule or the Five -Year Rule, whichever is applicable. Such Beneficiary or surviving Joint Owner who may not allocate amounts to a Segment due to the Segment Duration limitations discussed in the former sentence may only allocate amounts to the Guaranteed Interest Option. Amounts will not be transferred from a Segment Type Holding Account into a Segment or from one Segment to another if the Segment Maturity Date will be later than the remaining distribution period. Any amounts in such Segment Type Holding Account or Segment will be automatically transferred to the Guaranteed Interest Option.

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*Spousal Continuation under the Structured Investment Option* 

If the Contract continues under Spousal Continuation, your surviving spouse may make any changes regarding allocation to any Segment under the Structured Investment Option that you would have been eligible to make during your life unless otherwise restricted in an Endorsement attached hereto.

***Applicable to Traditional IRA, Roth IRA, and SEP IRA Contracts*:** 

If amounts are allocated to any Segment in the Structured Investment Option at the time of your death, amounts in such Segments remain in the Segments until (i) the earlier of (a) the Segment Maturity Date or (b) the Transaction Date on which a transfer out of any such Segment is made or a withdrawal is taken or (ii) in the case of Contract continuation, the end of the period by which your Beneficiary's interest has to be distributed as described in Section 8.08 of the Endorsement Applicable to Traditional IRA/Roth IRA/SEP IRA Contracts, as applicable.

A Beneficiary continuing the Contract may allocate amounts to a Segment but not to a Segment Type with a duration that is longer than the remaining distribution period described in Section 8.08 of the Endorsement Applicable to Traditional IRA/Roth IRA/SEP IRA Contracts, as applicable. Amounts will not be transferred from a Segment Type Holding Account into a Segment or from one Segment to another if the Segment Maturity Date will be later than the remaining distribution period Such Beneficiary may allocate amounts to the Guaranteed Interest Option or to a Segment with a duration that is not longer than the remaining distribution period."

*Spousal Continuation under the Structured Investment Option* 

If the Contract continues under Spousal Continuation, except as provided in Section 8.08 of the Endorsement Applicable to Traditional IRA/Roth IRA/SEP IRA Contracts, as applicable, your surviving spouse may make any changes regarding an allocation to any Segment under the Structured Investment Option that you would have been eligible to make during your life. Amounts allocated to a Segment may not have a Segment Maturity Date longer than the remaining distribution period.

**SECTION 7.03 MANNER OF PAYMENT** 

The Death Benefit will be paid to the Beneficiary(ies) in a single sum unless you elect a different form of Death Benefit payout (such as a life annuity) is elected, and provided that we offer such at the time the Death Benefit is payable. The Beneficiary will have no right to change the election; however, (i) we will apply a predetermined Death Benefit annuity payout election only if payment of the Death Benefit begins within one year following the date of death; (ii) we will not apply a predetermined Death Benefit payout election if doing so would violate any Federal income tax rules or guidelines or any other applicable law. Subject to the foregoing, a Beneficiary who becomes a successor owner or who continues the Contract under a Beneficiary Continuation Option, if available under any Endorsement(s) or Rider(s), attached to this Contract, will not have the right to change your election.

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**SECTION 7.04 INTEREST ON DELAYED PAYMENT OF DEATH BENEFIT** 

*Payment of Interest on the Death Benefit* 

If we do not pay the Death Benefit to the Beneficiary named in accordance with Section 7.01 by the seventh calendar day following receipt of the Beneficiary Requirements described above, beginning on the eighth day following receipt of such Beneficiary Requirements, we will pay interest on the Death Benefit. Interest will be based on the Two-Year Treasury Constant Maturity Rate as published by the Federal Reserve in effect on the Benefit Transaction Date.

Interest will accrue at the effective annual rate determined as described in the previous paragraph plus additional interest at a rate of 10% annually beginning with the date that is 31 calendar days from latest of items (i), (ii) and (iii) to the date the claim is paid, where it is: (i) The date that due proof of death and an acceptable election for the payment method are received by the Company; (ii) The date the company receives sufficient information to determine its liability, the extent of the liability, and the appropriate payee legally entitled to the proceeds; and (iii) the date that legal impediments to payment of proceeds that depend on the action of parties other than the company are resolved and sufficient evidence of the same is provided to the company. Legal impediments to payment include but are not limited to (a) the establishment of guardianships and conservatorships; (b) the appointment and qualification of trustees, executors and administrators and (c) the submission of information required to satisfy a state and federal reporting requirements.

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**PART VIII - ANNUITY BENEFITS** 

**SECTION 8.01 ELECTION OF ANNUITY BENEFITS** 

Subject to the provisions of this section, you may request commencement of an Annuity Benefit before and including the Contract Maturity Date but no less than thirteen months or any other period specified in an Endorsement or Rider attached to this Contract, following the Contract Date. Such request must be in writing and received by our Processing Office at least 60 days prior to the date you request.

As of the Contract Maturity Date, the Annuity Account Value will be applied to provide for the Normal Form of Annuity Benefit (described below). However, you may instead elect one of the following options:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) have the Cash Value paid in a single sum that will not be less than the minimum benefits required by the
applicable IIPRC Uniform Standard,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) apply the Annuity Account Value or Cash Value, whichever applies pursuant to the first paragraph of
Section 8.05, to provide an Annuity Benefit of any form offered by us or one of our affiliated life insurance companies, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) apply the Cash Value to provide any other form of benefit payment we offer, subject to any applicable laws and
regulations.

We will grant a paid-up Annuity Benefit that complies with the applicable IIPRC Uniform Standard.

We will provide notice and election forms to you not more than six months before the Contract Maturity Date.

We have the right to require you to furnish any information we need to provide an Annuity Benefit. We will be fully protected by relying on such information and need not inquire as to its accuracy or completeness.

**SECTION 8.02 CONTRACT MATURITY DATE** 

The Contract Maturity Date is shown in the Data Pages but may be changed by us in conformance with applicable law.

**SECTION 8.03 ANNUITY BENEFIT** 

Payments under an Annuity Benefit will be made monthly to you. If you are not the Annuitant, payments will be made to you, as the Owner. You may elect instead to have the Annuity Benefit paid at other intervals, such as every three months, six months, or twelve months, instead of monthly, subject to our rules at the time of your election or as otherwise stated in the Data Pages, any Endorsement(s), or Rider(s), attached hereto. This election may be made at the time the Annuity Benefit form, as described in Section 8.04, is elected. In that event, all references in this Contract to monthly payments, with respect to the Annuity Benefit to which the election applies, will be deemed to mean payments at the frequency elected.

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**SECTION 8.04 ANNUITY BENEFIT FORMS** 

The ''Normal Form'' of Annuity Benefit is the "Life Annuity with Period Certain" described below, unless another form of annuity is determined to be the Normal Form of annuity, pursuant to any IIPRC Uniform Standard, any plan under which the Contract is purchased, if applicable, the requirements of the Employee Retirement Income Security Act of 1974 (ERISA), as amended, or any other law that applies. The Data Pages will state the Normal Form which applies.

The Life Annuity with Period Certain is an annuity that is payable during the lifetime of the person upon whose life the payments depend, but with a maximum of 10 years of payments guaranteed (10 years certain period). That is, if the original payee dies before the certain period has ended, payments will continue to the Beneficiary named to receive such payments for the balance of the certain period.

We may offer other annuity forms as available from us or from one of our affiliated life insurance companies. Such a form may, for example, include the Joint and Survivor Life Annuity Form which provides monthly payments while either of two persons upon whose lives such payments depend on is living. The monthly amount to be continued when only one of the persons is living will be equal to a percentage, as elected, of the monthly amount that was paid while both were living.

**SECTION 8.05 AMOUNT OF ANNUITY BENEFITS** 

If you elect pursuant to Section 8.01 to have an Annuity Benefit paid in lieu of the Cash Value, then the amount applied to provide the Annuity Benefit will, unless otherwise stated in the Data Pages or required by applicable laws or regulations, be (i) the Annuity Account Value if the annuity form elected provides payments for a person's remaining lifetime or (ii) the Cash Value if the annuity form elected does not provide such lifetime payments.

The amount applied to provide an Annuity Benefit may be reduced by a charge for any taxes which apply on annuity purchase payments. If we have previously deducted charges for taxes from Contributions, we will not again deduct charges for the same taxes before an Annuity Benefit is provided. The balance will be used to purchase the Annuity Benefit on the basis of the Tables of Guaranteed Annuity Payments, shown in the Data Pages The Annuity Benefit at the time of commencement will not be less than that which would be provided by the application of the Cash Value to purchase a single premium immediate annuity contract at purchase rates offered by us at the time to the same class of annuitants.

**SECTION 8.06 CONDITIONS FOR PAYMENT** 

We may require proof acceptable to us that the person on whose life a benefit payment is based is alive when each payment is due. We will require proof of the age of any such person on whose life an Annuity Benefit is based.

If a benefit was based on information that is later found not to be correct, such benefit will be adjusted on the basis of the correct information. The adjustment will be made in the number or amount of the benefit payments, or any amount used to provide the benefit, or any combination.

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Overpayments by us will be charged against future payments. Underpayments will be added to future payments. Our liability is limited to the correct information and the actual amounts used to provide the benefits.

If we receive acceptable proof that (i) a payee entitled to receive any payment under the terms of this Contract is physically or mentally incompetent to receive such payment or a minor, (ii) another person or an institution is then maintaining or has custody of such payee, and (iii) no guardian, committee, or other representative of the estate of such payee has been appointed, we may make the payments to such other person or institution. In the case of a minor, the payments will not exceed $200, or such other amount as may be shown in the Data Pages. We will have no further liability with respect to the payments so made.

If the Annuity Account Value of this Contract, when applied under the Annuity Benefit Form elected, would provide payments of less than the amount stated in the Data Pages, we will pay the Annuity Account Value in a single sum equal to the then-current Annuity Account Value, instead of applying it under the Annuity Benefit Form elected.

**SECTION 8.07 CHANGES** 

We have the right, upon advance notice to you, to change at any time after the fifth anniversary of the Contract Date and at intervals of not less than five years, the guaranteed annuity purchase rates used in the Tables of Guaranteed Annuity Payments for new Contributions. The effective date that applies to each set of purchase rates will be indicated. However, no such change will apply to (a) any Annuity Benefit provided before the change or (b) Contributions made before such change which are applied to provide an Annuity Benefit. Any such change will be made by an Endorsement, approved under the authority of the IIPRC and issued under the Commission standards.

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**PART IX - CHARGES** 

**SECTION 9.01 TRANSFER CHARGES** 

We have the right to impose a charge with respect to any transfer among Investment Options after the number of free transfers shown in the Data Pages. The amount of such charge will be set forth in a notice from us to you and will in no event exceed any maximum amount stated in the Data Pages.

**SECTION 9.02 CHARGE FOR TAXES** 

We reserve the right to deduct from the amount applied to provide an Annuity Benefit a charge that we determine which is designed to approximate certain taxes that may be imposed on us, including but not limited to premium taxes which may apply in your state. If the tax to which this charge relates is imposed on us at a time other than when amounts are applied to an Annuity Benefit or if required by your state, we reserve the right to deduct this charge for taxes from Contributions. The balance will be used to purchase the Annuity Benefit on the basis of either (i) the Tables of Guaranteed Annuity Payments or (ii) our then current annuity rates, whichever rates would provide a larger benefit with respect to the payee.

**SECTION 9.03 THIRD PARTY TRANSFER CHARGE** 

We have the right to deduct a charge for any amount withdrawn from this Contract and directly transferred to another investment provider, retirement Plan, account, or contract, as applicable. This charge would apply to direct transfers, direct rollovers and exchanges of this Contract for another contract issued by another company. This charge, if any, will be specified in the Data Pages.

**SECTION 9.04 CONTRACT FEE** 

For amounts held in the Structured Investment Option, the "Contract Fee" means a fee that is deducted from each Segment on the Segment Maturity Date as part of the Segment Rate of Return calculation, as shown in the Data Pages. If your Contract is (i) terminated, (ii) amounts are applied to an Annuity Benefit, (iii) a withdrawal is made, (iv) a transfer out of a Segment is taken, or (v) a Death Benefit is paid, on any date other than the Segment Maturity Date, we will deduct a pro rata portion of the Contract Fee from each Segment.

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**PART X – GENERAL PROVISIONS** 

**SECTION 10.01 CONTRACT** 

This Contract is the entire Contract as defined in Part I between the parties. It will govern with respect to our rights and obligations.

This Contract may not be changed, nor may any of our rights or rules be waived, except in writing and by our authorized officer.

This Contract is non-participating and does not share in the profits or surplus of the Company.

**SECTION 10.02 STATUTORY COMPLIANCE** 

We have the right to change this Contract without the consent of any other person in order to comply with any laws and regulations that apply. Such right will include, but not be limited to, the right to conform this Contract to reflect requirements of the Code and Treasury regulations or published rulings of the Internal Revenue Service, the Employee Retirement Income Security Act of 1974 and regulations thereunder, and federal securities laws.

Any paid-up annuity benefits, Cash Value or Death Benefit that may be available under this Contract will not be less than the minimum benefits required by any applicable IIPRC Uniform Standards, including the minimum benefits required by Section 7 of the NAIC Model Variable Annuity Regulation, model # 250.

These benefits will be adjusted as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) increased by any amounts credited to this Contract by us;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) decreased by any indebtedness to us; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) it will be reduced by any prior withdrawals from this Contract.

This Contract is approved under the authority of the IIPRC and issued under the Commission standards. Any provision of the Contract that on the provision's effective date is in conflict with the applicable IIPRC standards for this product type in effect as of the provision's effective date of Commission Contract approval is hereby amended to conform to the IIPRC standards in effect as of the provision's effective date of Commission Contract approval.

**SECTION 10.03 DEFERMENT** 

A payment of any portion of the Annuity Account Value will be made within seven calendar days after the Transaction Date of the request. Payments can be deferred for any period during which (1) any of the stock exchanges is closed or trading is restricted, (2) the Securities and Exchange Commission has determined that a state of emergency exists that may make determination and payment impractical., or (3) the Securities and Exchange Commission, by order, permits us to defer payment in order to protect persons with interests in the Investment Options.

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We may defer the payment of any Cash Value or partial Withdrawal, for a period of not more than six (6) months. We will make a written request to and receive written approval from the chief insurance regulator of the New York Department of Financial Services, our state of domicile, prior to exercising any contractual right to defer the payment.

**SECTION 10.04 REPORTS AND NOTICES** 

At least once each year until the Contract Maturity Date, we will send you a report which will indicate the following information:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The beginning and end dates for the current report period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Annuity Account Value and Segment Interim Value, if any, at the beginning and end of the current report
period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The amounts credited to or debited from the Annuity Account Value during the current report period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Cash Value, if any, at the end of the current report period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The amount of the Death Benefit at the end of the current report period.

In addition to the report described above, we will send you a report for each new Segment to which Annuity Account Value was allocated showing the Segment Start Date, Segment Maturity Date and Performance Cap Rate. We may also send periodic statements to you reflecting transactions on your Contract during that period and any other information as may be required by the IIPRC.

A report as described above or any written notice as described in any other Section, will be satisfied by our mailing of any such report, statement, or notice to your last known address as shown in our records. The information provided will be as of a date not more than four months prior to the date of mailing. We will make additional copies of the report available to you upon request at no cost.

**SECTION 10.05 ASSIGNMENTS AND TRANSFERABILITY** 

You may assign your rights under this Contract, except in situations where restrictions are required for the purposes of satisfying applicable laws or regulations, including Rule 12h-7 or successor regulations under the Securities Exchange Act of 1934, as amended. If your Contract is assigned absolutely, we will treat it as a change of ownership and all interests and rights will be transferred. We are not bound by any assignment unless we receive notice. We are not responsible for the validity of any assignment. The change will become effective as of the date the notice is signed, unless otherwise specified by the Owner, subject to any payments made or actions taken by the Company prior to receipt of this notice. The effect of change of ownership on any optional benefit is described in the applicable optional benefit rider.

**SECTION 10.06 PAYMENTS** 

All amounts payable by you must be paid by check drawn on a bank that is subject to regulation by the United States or an agency or instrumentality thereof or a State, and payable to us (in United States dollars) or by any other method acceptable to us.

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We will pay all amounts hereunder by check (drawn on a United States bank in United States dollars) or, if so, agreed by you and us, by wire transfer unless stated otherwise in the Data Pages.

Any requirement for distribution or withdrawal of interest in the Contract shall be fully discharged by payment of the Death Benefit, Annuity Account Value or Cash Value, whichever is applicable, to the Owner or the Beneficiary, as the case may be and mailed to the address as shown in our records by United States mail unless we agree to transmit the funds to another person or in another form in accordance with the terms and conditions of the Contract.

**SECTION 10.07 HOW TO COMMUNICATE WITH US** 

All transaction requests and other notices to us must be in writing in a form satisfactory to us, and delivered by U.S. mail to our Processing Office, except to the extent we agree, by advance written notification to you, to receive such requests or notices in another manner.

Transfer requests must also be in writing and delivered by U.S. mail to our Processing Office unless we accept an alternative form of communication (such as internet, fax or automated telephone). The use of alternative forms of communication is subject to our rules then in effect for each such service. We may provide information about our rules and the use of communications services in the contract prospectus, prospectus supplements or other notifications, as mailed to your last known address in our records from time to time. Any alternative form of communication that we make available may be changed or discontinued at any time.

We may choose to change a previously accepted manner of communication at our discretion. Transaction requests or other communications sent to us will not be effective until received at the Processing Office on a Business Day. Your Contract number should be included in all correspondence.

**SECTION 10.08 INCONTESTABILITY** 

This Contract will be incontestable from its date of issue.

**SECTION 10.09 MISSTATEMENT OF AGE** 

If the age (or sex, if applicable) of any person upon whose life an Annuity Benefit or an optional benefit Rider depends on ("Covered Person") has been misstated, any benefits will be those which would have been purchased at the correct age (or sex).

If the Covered Person would not have been eligible for an optional benefit Rider at the correct age, (i) the Rider will be rescinded; (ii) any charges that were deducted for the benefit will be refunded and applied to the Annuity Account Value of the Contract, and (iii) only the Death Benefit provided under Section 8.02 will apply.

Any overpayments or underpayments made by us will be charged or credited with interest at (a) the rate shown in the Data Pages or (b) the then current guaranteed interest rate; we will choose which rate will apply on a uniform basis for like Contracts. Such interest, which will not exceed a rate of 6%, will be deducted from or added to future payments.

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**SECTION 10.10 CHANGE IN OWNER** 

You, as the Owner, may change the Owner(s) of this Contract at any time after the Contract Date by sending notice to us using a properly completed change of ownership administrative form. The change of Owner will become effective as of the date the notice is signed, unless otherwise specified by the Owner, subject to any payments made or actions taken by the Company prior to receipt of this notice. A change of Owner request may be refused in a non-discriminatory manner in order to comply with any applicable laws or regulations, including Rule 12h-7 or successor regulations under the Securities Exchange Act of 1934, as amended. A change of Owner will automatically revoke any prior designation of Owner.

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## Ex-99.(27)(D)(3)

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY,** 

**domiciled in New York** 

**ENDORSEMENT APPLICABLE TO CONTRACT CONTINUATION** 

**AND ITS EFFECT ON A DEATH BENEFIT RIDER** 

This Endorsement is part of your Contract, and the same definitions apply to the capitalized terms used herein. All other terms and conditions of your Contract remain unchanged. In this Endorsement, "we", "our" and "us" mean Equitable Financial Life Insurance Company and "you" and "your" mean the Owner.

The Effective Date of this Endorsement is your Contract Date.

Under any of the following circumstances, if you die before the Contract Maturity Date, the Death Benefit described in Section [7.02] of the Contract, if applicable, will not be paid in a single sum and the Contract will continue as described in the "Payment Upon Death Section" in the Endorsement Applicable to [Non-Qualified/Traditional IRA/Roth IRA/SEP-IRA] Contracts (as applicable), and as supplemented herein in Sections I through III below, whichever is applicable.

The references in this Endorsement to "Guaranteed Minimum Death Benefit (GMDB)" apply to the Death Benefit as described in your GMDB Rider.

For Contracts with Non-Natural Owners, the terms "Owner" and "Joint Owner" referenced below are replaced with "Annuitant" and "Joint Annuitant", respectively.

***Effect of Death on your Guaranteed Minimum Death Benefit ("GMDB") Rider***

***Applicable to Non-Qualified Contracts only:***

**<u>I. Single Owner Contract with a Non-Spousal Beneficiary(ies)</u>**

If the Beneficiary chooses to continue the Contract upon the death of the Owner as described in the Endorsement Applicable to the Non-Qualified Contracts, the GMDB Rider terminates, and any applicable charge will no longer apply as of the Benefit Transaction Date. We will pay the Beneficiary the greater of: (i) the AAV on the Benefit Transaction Date or (ii) the GMDB amount as of the Owner's date of death.

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**<u>II. Single Owner Contract</u>*<u> </u>*<u>with a Sole Spousal Beneficiary as a Successor Owner Annuitant ("SOA")</u>**

If the surviving spouse chooses to continue the Contract upon the death of the Owner, the surviving spouse may continue the Contract with the GMDB Rider if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Spousal continuation of the Contract was not previously elected by the spouse of an Owner; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The surviving spouse is age [75] or younger as of the Benefit Transaction Date.

If the surviving spouse meets all the conditions set forth above, the following rules apply as of the Benefit Transaction Date, unless otherwise stated:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The GMDB Rider will continue until the Contract Date Anniversary following the surviving spouse's [98<sup>th</sup>] birthday.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Annuity Account Value ("AAV") of the Contract will be reset to equal the greater of
(i) the GMDB amount described in the GMDB Rider as of the Owner's date of death, or (ii) the AAV on the Benefit Transaction Date. Any additional amount will be added to the Guaranteed Interest Option, unless you provide specific
instructions on how you wish this amount to be processed. If the AAV is greater than the GMDB amount, we do not reset the GMDB for the surviving spouse.

If the surviving spouse is age [76] or older as of the Benefit Transaction Date, the Rider terminates, and any applicable charge will no longer apply as of the Benefit Transaction Date. The AAV of the Contract will be reset to equal the greater of (i) the GMDB amount described in the GMDB Rider as of the Owner's date of death, or (ii) the AAV on the Benefit Transaction Date.

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***Applicable to Non-Qualified Contracts only:***

**<u>III. Joint Owner Contract - Spousal Continuation</u>**

**(A) Death of the First Spouse** 

Upon the death of the first Owner, the surviving spouse may continue the Contract with the GMDB Rider if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Spousal continuation of the Contract was not previously elected by the spouse of an Owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The surviving spouse is age [98] or younger on the Contract Date Anniversary following the Benefit Transaction
Date.

If the surviving spouse meets all the conditions set forth above, the following rules apply as of the Benefit Transaction Date, unless otherwise stated:

1) The GMDB Rider will continue until the Contract Date Anniversary following the surviving spouse's [98<sup>th</sup>] birthday.

2) All withdrawals will reduce the GMDB amount pro-rata. 

**(B) Death of the Second Spouse** 

Upon the death of the second Owner, the Rider terminates, and any applicable charge will no longer apply as of the Benefit Transaction Date. We will pay the Beneficiary the greater of: (i) the AAV on the Benefit Transaction Date, or (ii) the GMDB amount as of the Owner's date of death.

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***Applicable to NQ Contracts only:***

**<u>IV. Joint Owner Contract - Non-Spousal Contract Continuation</u>**

**(A) Death of the First Owner** 

If the surviving Owner chooses to continue the Contract under either the "One Year Rule" or the "Five Year Rule," described in Part [VII] of the Endorsement Applicable to Non-Qualified Contracts, the GMDB Rider remains in effect. The terms and conditions of the GMDB Rider remain unchanged.

**(B) Death of the Second Owner** 

If the Beneficiary chooses to continue the Contract under either the "One Year Rule" or the "Five Year Rule" in Part [VII] of the Endorsement Applicable to Non-Qualified Contracts, the GMDB Rider terminates. We will pay the Beneficiary the greater of: (i) the AAV on the Benefit Transaction Date, or (ii) the GMDB amount as of the Owner's date of death.

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY** 

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| [ | [ |
| ![LOGO](g940225g53f00.jpg) | ![LOGO](g940225g64u65.jpg) |
| Mark Pearson,<br> Chief Executive Officer] | José Ramón González<br> Chief Legal Officer and Secretary] |

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## Ex-99.(27)(D)(4)

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY,** 

**domiciled in New York** 

**INHERITED TRADITIONAL IRA** 

**BENEFICIARY CONTINUATION OPTION (BCO) ENDORSEMENT** 

This Endorsement is part of your Contract and its provisions apply in lieu of any Contract provisions to the contrary. In this Endorsement, "we", "our" and "us" mean Equitable Financial Life Insurance Company and "you" and "your" mean the Owner.

When issued with this Endorsement, and as specified in the Data Pages, this Contract is issued as an inherited traditional individual retirement annuity contract subject to the rules of Section 408(b) of the Code and which has been acquired by reason of the death of another individual under Section 408(d)(3)(C) of the Code ("inherited traditional IRA Contract"). The tax qualified provisions are being added to the Contract to comply with the requirements of the tax code. Compliance with the tax qualified provisions prevents loss of the advantages of tax deferral and prevents penalties.

The purpose of this Contract is to distribute the interest of the deceased individual which the beneficiary has directed to be transferred to this Contract.

This inherited traditional IRA Contract is established for your exclusive benefit in your capacity as beneficiary of the deceased individual.

Your entire interest in this Contract is not forfeitable.

The provisions of this Inherited Traditional IRA Beneficiary Continuation Option (BCO) Endorsement supersede any inconsistent provisions of the Contract or any other Rider or Endorsement.

The Effective Date of this Endorsement is your Contract Date.

If the Owner of this inherited traditional IRA contract is a trustee or custodian under Section 408(a) of the Code and pertinent Regulations, this inherited traditional IRA contract is an annuity contract that may be used to fund an inherited traditional individual retirement account that meets Sections 408(a) and 408(d)(3)(C) of the Code. In such a case "you" and "your" refer to the Annuitant where required by context, and the provisions of the custodial inherited traditional individual retirement account prevail during any period this Contract is owned by such a trustee or custodian.

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**PART [I]-[GENERAL] DEFINITIONS** 

*The following replaces the existing Section in your Contract:* 

**SECTION [1.01] ANNUITANT:** 

"Annuitant" means the individual shown as such on the cover page and in the Data Pages. The identity of the Annuitant is determined in accordance with the Section, "Owner and Annuitant Requirements," in Part [X].

*The following is added at the end of the existing Section in your Contract:* 

**SECTION [1.16] NON-NATURAL OWNER:** 

Non-Natural Owners which are neither a certain see-through trust beneficiary (as defined in Section [10.11]) nor a trustee or custodian of an inherited traditional individual retirement account are not permitted.

*The following sentences are added at the end of the existing Section in your Contract:* 

**SECTION [1.17] OWNER:** 

Joint Owners are not permitted. The Owner of the Contract cannot be changed. The identity of the Owner is determined in accordance with the Section, "Owner and Annuitant Requirements," in Part [X].

*The following new definitions are added in your Contract:* 

**SECTION [1.25 ] APPLICABLE PLAN**:

**"**Applicable Plan" means any of the following eligible retirement plans which may be the source of the direct rollover Contribution to this inherited traditional IRA Contract: (i) a plan qualified under Section 401(a) of the Code or a contact qualified under Section 403(a) of the Code; (ii) an annuity contract or custodial account qualified under Section 403(b) of the Code; or (iii) a governmental employer plan under Section 457(b) of the Code.

**SECTION [1.26] BCO DISTRIBUTIONS:** 

"BCO Distributions" means the post-death payments required from or with respect to this inherited traditional IRA Contract by the "Required Minimum Distribution Rules" of Sections 408(b) and 401(a)(9) of the Code and which are described in the Section, "BCO Distributions--Post-Death Required Minimum Distribution Rules."

**SECTION [1.27] BCO DISTRIBUTION COMMENCEMENT DATE:** 

If you are a Designated Beneficiary subject to the ten-year distribution period (described in Section [8.08(B)] below), the "BCO Distribution Commencement Date" is the date of the Deceased Owner's or Deceased Participant's death. The BCO Distribution Commencement Date is shown in the Data Pages and cannot be changed to a later date.

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If you elect to stretch payments of the Death Benefit (described in Sections [8.08(B)(1)(i)] and [8.09]), the "BCO Distribution Commencement Date" means the date of the first BCO Distribution under this Contract. The BCO Distribution Commencement Date is shown in the Data Pages and cannot be changed to a later date.

**SECTION [1.28 ]DECEASED OWNER:** 

"Deceased Owner" means the individual named in the Data Pages, now deceased, who owned the IRA Source Contract, and whose death triggers the requirement to distribute amounts with respect to the IRA Source Contract.

**SECTION [1.29 ]DECEASED PARTICIPANT:** 

"Deceased Participant" means the individual named in the Data Pages, now deceased, whose accrued benefit as a participant in the Applicable Plan is the source of the direct rollover Contribution to this inherited traditional IRA Contract.

**SECTION [1.30] DESIGNATED BENEFICIARY:** 

"Designated Beneficiary" means any individual designated by the Deceased Owner or Deceased Participant, as applicable. This term will be interpreted consistently with Code Section 401(a)(9)(E) and the Treasury Regulations thereunder.

**SECTION [1.31] ELIGIBLE DESIGNATED BENEFICIARY:** 

"Eligible Designated Beneficiary" means, with respect to a Deceased Owner or Deceased Participant, as applicable, any Beneficiary who is one of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. the surviving spouse of the Deceased Owner or Deceased Participant,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. disabled (within the meaning of Section 72(m)(7) of the Code),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. a chronically ill individual (within the meaning of Section 7702B(c)(2) of the Code, except that the
requirements of subparagraph (A)(i) thereof shall be treated as met only if there is a certification that, as of such date, the period of inability described in such subparagraph with respect to the individual is an indefinite one which is
reasonably expected to be lengthy in nature), or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. an individual not described in any of the preceding clauses of this paragraph and who is not more than 10 years
younger than the Deceased Owner or Deceased Participant.

Except to the extent that applicable federal tax law permits otherwise, the determination of whether a Beneficiary is an Eligible Designated Beneficiary shall be made as of the date of death of the Deceased Owner or Deceased Participant. For purposes of this Contract, a child of the Deceased Owner or Deceased Participant who has not reached majority (within the meaning of Section 401(a)(9)(F) of the Code) is not considered an "Eligible Designated Beneficiary."

**SECTION [1.32] INTEREST IN THE DECEASED PARTICIPANT'S APPLICABLE PLAN:** 

"Interest in the Deceased Participant's Applicable Plan" means the share as a beneficiary of the Deceased Participant's interest in the Applicable Plan, which is the source of the direct rollover Contribution to this inherited traditional IRA Contract. The Interest in the Deceased Participant's

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Applicable Plan includes the amount of any outstanding rollover, transfer and recharacterization under Treasury Regulation Section 1.408-8 and the actuarial present value of any additional annuity contract benefits provided. The Interest in the Deceased Participant's Applicable Plan does not include any values or amounts of benefits which were provided under the Applicable Plan but are not directly rolled over to this inherited traditional IRA Contract.

**SECTION [1.33] INTEREST IN THE IRA SOURCE CONTRACT:** 

"Interest in the IRA Source Contract" means the share as a beneficiary of the Deceased Owner's IRA Source Contract, which is the source of the direct transfer Contribution to this inherited traditional IRA Contract. The Interest in the IRA Source Contract includes the amount of any outstanding rollover, transfer and recharacterization under Treasury Regulation Section 1.408-8 and the actuarial present value of any additional annuity contract benefits provided. The Interest in the IRA Source Contract does not include any values or amounts of benefits which were provided under the IRA Source Contract but are not directly transferred to this inherited traditional IRA Contract.

**SECTION [1.34] NON-SPOUSAL APPLICABLE PLAN BENEFICIARY:** 

"Non-spousal Applicable Plan Beneficiary" means the individual or "see-through trust" designated by the Deceased Participant as beneficiary under an Applicable Plan. If the beneficiary is an individual, he or she is not the surviving spouse of the Deceased Participant.

**SECTION [1.35] IRA SOURCE CONTRACT:** 

"IRA Source Contract" means the traditional individual retirement arrangement under Section 408 of the Code which is the source of the direct transfer Contribution to this inherited traditional IRA Contract. The IRA Source Contract includes the original traditional individual retirement arrangement under Section 408 of the Code owned by the Deceased Owner and any successive contract to which the Owner previously transferred the remaining interest as a beneficiary under the IRA Source Contract.

**SECTION [1.36] REQUIRED BEGINNING DATE**:

"Required Beginning Date" means the first day of April following the calendar year in which you attain the "applicable age" as defined in Section 401(a)(9)(C) of the Code. This is the latest date when your lifetime Required Minimum Distribution payments with respect to this Contract can start.

If the Deceased Participant was not a 5% owner of the employer sponsoring the Applicable Plan, the "Required Beginning Date" means the first day of April following the calendar year in which the Deceased Participant retired from service with such employer, if retirement occurs after the Deceased Participant reached the applicable age as defined in Section 401(a)(9)(C) of the Code.

**SECTION [1.37] SEE-THROUGH TRUST:** 

A "see-through trust" means an irrevocable trust, valid under State law, the only beneficiaries of which are individuals, and which trust has met applicable documentation requirements under the regulations. Such "see-through trust" is described in Treasury Regulation Section 1.401(a)(9)-4.

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**SECTION [1.38] SPECIAL SURVIVING SPOUSE:** 

"Special Surviving Spouse" means the individual who is both the Surviving Spouse of the Deceased Owner and the sole Designated Beneficiary under the IRA Source Contract.

**PART [IV]-CONTRIBUTIONS AND ALLOCATIONS** 

*The following is added at the end of the existing Section in your Contract:* 

**SECTION [4.02] LIMITS ON CONTRIBUTIONS** 

No Contributions will be accepted unless they are in United States currency. We reserve the right not to accept funds by electronic means unless they meet our specifications.

We indicate in the Data Pages and in this Section any limits on the type, source or amount of Contributions we will accept.

We do not accept regular Contributions out of compensation to this Contract. Except as otherwise indicated in this Section or the Data Pages, we will accept a single Contribution to this inherited traditional IRA Contract.

***If the Owner is a Non-spousal Applicable Plan Beneficiary***

We will accept a single direct rollover Contribution in accordance with Section 402(c)(11) of the Code of your interest as a beneficiary under the Deceased Participant's Applicable Plan. A "rollover contribution" is one permitted by any of the following Sections of the Code: 402(c), 402(e)(6), 403(a)(4), 403(b)(8), 403(b)(10), and 457(e)(16). Any lifetime Required Minimum Distribution payments which the Deceased Participant should have taken (up to and including for the last year of his or her life), but which have not been taken prior to the direct rollover to this inherited traditional IRA Contract, are not eligible to be directly rolled over as a Contribution to this Contract. No further Contributions can be made.

***If the Owner is a beneficiary under the IRA Source Contract***

We will accept a single Contribution of a direct transfer of your interest as a beneficiary under the IRA Source Contract.

A "direct transfer" Contribution is the transfer of amounts to this inherited traditional IRA Contract directly from an inherited traditional individual retirement account or another inherited traditional individual retirement annuity contract which meets the requirements of Section 408 of the Code. Any Required Minimum Distribution payments which should have been taken, but which have not been taken prior to the direct transfer to this inherited traditional IRA Contract, are not eligible to be directly transferred as a Contribution to this Contract. Subject to our approval, you may make additional direct transfer Contributions to this inherited traditional IRA Contract from your interest as a beneficiary under another traditional individual retirement arrangement under Section 408 of the Code of the same Deceased Owner which is being distributed over the same period.

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**PART [VII]-PAYMENT UPON DEATH** 

*The following is added at the end of the existing Section in your Contract:* 

**SECTION [7.01] BENEFICIARY** 

If the Owner is a custodial account, we will pay the Death Benefit to the custodial account after the Annuitant's death. If the Owner is a "see-through trust", and no beneficiary is named or survives the Annuitant, we will pay any Death Benefit to the "see-through trust".

*The first paragraph of the following Section in your Contract is deleted and replaced with the following*:

**SECTION [7.02] PAYMENT UPON DEATH** 

Upon receipt of due proof of your death before all amounts have been distributed under this Contract, we will make a lump sum payment of the Death Benefit under this Contract to the designated Beneficiary unless the designated Beneficiary elects to continue BCO Distributions as provided in the Section, "BCO Distributions--Post-Death Required Minimum Distribution Rules". If the designated Beneficiary elects to continue BCO Distributions, the Annuity Account Value will be reset to the Death Benefit amount if it is greater. The Death Benefit is described in the Contract and in any applicable optional Death Benefit Rider, if elected.

*The following Section in your Contract is deleted:* 

**SECTION [7.03] MANNER OF PAYMENT** 

**PART [VIII] - ANNUITY BENEFITS** 

*The following language is added at the beginning of this Section in your Contract:* 

Sections [8.01] through [8.07] do not apply to this inherited traditional IRA Contract. The election of BCO Distributions under Section [8.08] below constitutes the Annuity Benefit under Part [VIII] of this Contract.

*The following new Section is added to your Contract:* 

**SECTION [8.08]—BCO DISTRIBUTIONS—POST-DEATH REQUIRED MINIMUM DISTRIBUTION RULES WHEN THE DECEASED OWNER OR DECEASED PARTICIPANT DIES AFTER DECEMBER 31, 2019** 

**A.**  **<u>Required BCO Distributions-General Rule:</u>** This Contract is subject to the
"Required Minimum Distribution" rules of Sections 408(b) and 401(a)(9) of the Code, including the Treasury Regulations that apply. The BCO Distributions under this inherited traditional IRA Contract must be paid in accordance with the
Required Minimum Distribution rules of Sections 408 and 401(a)(9) of the Code and Treasury Regulation Sections 1.408-8 and 1.401(a)(9). To the extent that any payment, benefit, or distribution options
available to you under this Contract conflict with the Code, the Code requirements prevail.

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**B.**  **<u>Required BCO Distributions-Designated Beneficiary</u>** 

***If Required Minimum Distributions Had Commenced Under the IRA Source Contract or Applicable Plan:***

If the Deceased Owner or Deceased Participant died on or after commencing lifetime Required Minimum Distribution payments, your interest as a beneficiary in the remaining portion of his or her interest in the IRA Source Contract or Applicable Plan must continue to be distributed at least as rapidly as under the contract option chosen under the IRA Source Contract or Applicable Plan and must be completely distributed by the date prescribed by the Treasury Regulations. Any Required Minimum Distribution payments which should have been taken, but which have not been taken prior to the Contribution to the inherited traditional IRA Contract, are not eligible as a Contribution to this Contract.

***If Required Minimum Distributions Had Not Commenced Under the IRA Source Contract or Applicable Plan:***

If you are a Designated Beneficiary, your interest as a beneficiary in the IRA Source Contract or Applicable Plan, as applicable, must be distributed from this Contract as follows:

<u>General Rule:</u> Subject to the exception for an Eligible Designated Beneficiary in this Subsection B, paragraph (2) below, your interest must be distributed by the end of the calendar year containing the tenth anniversary of the Deceased Owner's or Deceased Participant's death, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) <u>Exception for Eligible Designated Beneficiaries:</u> If you are an Eligible Designated Beneficiary, your
interest must be distributed as permitted by us and applicable federal tax law:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) over your life, or over a period not extending beyond your life expectancy, starting no later than the calendar
year following the calendar year of the Deceased Owner's or Deceased Participant's death (or the end of the calendar year in which the Deceased Owner would have attained the "applicable age" as defined in Code
Section 401(a)(9)(C), if later and the sole Designated Beneficiary is the Deceased Owner's surviving spouse) (See subsection C below for special rules.), or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) by the end of the calendar year containing the tenth anniversary of the Deceased Owner's or Deceased
Participant's death, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) <u>Rules upon your death if you are an Eligible Designated Beneficiary</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) If you are an Eligible Designated Beneficiary and die before the portion of the interest to which this
Subsection B, paragraph (1)(i) above applies is entirely distributed, the remainder of such portion must be distributed by the end of the calendar year containing the tenth anniversary of your death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) If you are a Special Surviving Spouse and die before distributions under this Subsection B, paragraph (1)(i)
above begin, this Subsection B shall be applied as if you were the Deceased Owner.

For this purpose, distributions are considered to commence on the date distributions are required to begin to the surviving spouse under this Subsection B, paragraph (1)(i) above. However, if distributions start prior to the applicable

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date in the preceding sentence, on an irrevocable basis (except for acceleration) in the form of annuity payments meeting the requirements of Treasury Regulation Section 1.401(a)(9)-6 or any successor Regulation, then required distributions are considered to commence on the annuity starting date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(3)** <u>Rules upon your death if you are a Designated Beneficiary who is not an Eligible Designated Beneficiary:</u> If you are a Designated Beneficiary who is not an Eligible Designated Beneficiary and die before the portion of the interest to which this Subsection B applies is entirely distributed, the remainder of such portion must be
distributed by the end of the calendar year containing the tenth anniversary of the Deceased Owner's or Deceased Participant's death, as applicable.

**C. <u>Special Rules for Calculating Post-Death Required Minimum Distributions</u>** 

If you elect to take the post-death Required Minimum Distributions from this Contract, your interest will be distributed in accordance with this Subsection.

The BCO Distributions consist of payments no less frequently than annually beginning on the BCO Distribution Commencement Date. We will make these distributions at least once a calendar year in accordance with the Code and applicable Treasury Regulations. Subject to our approval, you may request more frequent than annual payments.

***How Payments Are Calculated***

The amount of each annual payment is determined by dividing your remaining entire interest in this inherited traditional IRA Contract as of the end of the calendar year prior to the payment by your remaining life expectancy. If the Owner of this Contract is a see-through trust, the Annuitant's life expectancy is used. For this purpose, your entire interest in this inherited traditional IRA Contract is the Annuity Account Value plus the actuarial present value of any additional annuity contract benefits. Where the Contribution is made to this inherited traditional IRA Contract after the end of that prior calendar year, we will calculate the initial payment using the value of your interest in the IRA Source Contract or Applicable Plan (as applicable) as of the end of the prior calendar year. In no event shall a BCO Distribution exceed the remaining Annuity Account Value on the date of payment.

***How Life Expectancy is Determined***

Life expectancy is determined using the Single Life Table in Treasury Regulation Section 1.401(a)(9)-9, or any successor Regulation.

***General Rule***

Life expectancy is determined using your age as your birthday in the calendar year following the calendar year of the Deceased Owner's or Deceased Participant's death ("Base Year"). Your remaining life expectancy for a year is the number in the Single Life table corresponding to your age in the Base Year described in the preceding sentence and reduced by one (1) for each subsequent year. If the Owner of this Contract is a see-through trust, the Annuitant's life expectancy is used.

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***Provisions Applicable to a Deceased Owner's Special Surviving Spouse***

If you are a Special Surviving Spouse, your life expectancy is determined each year beginning with the calendar year that includes the BCO Distribution Commencement Date. Your remaining life expectancy for a year is the number in the Single Life Table corresponding to your age in that year.

***Potential aggregation with other inherited traditional individual retirement arrangements.***

The Required Minimum Distributions payable to you with respect to this inherited traditional IRA Contract may be withdrawn from another of the Deceased Owner's traditional individual retirement arrangements in accordance with Treasury Regulation Section 1.408-8. If you do not take the post-death Required Minimum Distribution payments from this Contract, we will assume that you are taking them from another eligible inherited IRA that you hold. We may request that you document eligibility to take withdrawals from another traditional individual retirement arrangements inherited from the Deceased Owner.

*The following new Section is added to your Contract:* 

**SECTION [8.09]—BCO DISTRIBUTIONS—POST-DEATH REQUIRED MINIMUM DISTRIBUTION RULES WHEN THE DECEASED OWNER OR DECEASED PARTICIPANT DIED ON OR BEFORE DECEMBER 31, 2019** 

This Contract is subject to the "Required Minimum Distribution" rules of Sections 408(b) and 401(a)(9) of the Code, including the Treasury Regulations that apply. The BCO Distributions under this inherited traditional IRA Contract must be paid in accordance with the Required Minimum Distribution rules of Sections 408 and 401(a)(9) of the Code and Treasury Regulation Sections 1.408-8 and 1.401(a)(9). To the extent that any payment, benefit, or distribution options available to you under this Contract conflict with the Code, the Code requirements prevail.

***If Required Minimum Distributions Had Commenced Under the IRA Source Contract or Applicable Plan:***

If the Deceased Owner or Deceased Participant died on or after commencing lifetime Required Minimum Distribution payments, your interest as a beneficiary in the remaining portion of his or her interest in the IRA Source Contract or Applicable Plan will continue to be distributed at least as rapidly as under the contract option chosen under the IRA Source Contract or Applicable Plan. Any Required Minimum Distribution payments which should have been taken, but which have not been taken prior to the Contribution to the inherited traditional IRA Contract, are not eligible as a Contribution to this Contract.

***If Required Minimum Distributions Had Not Commenced Under the IRA Source Contract or Applicable Plan:***

If the Deceased Owner or Deceased Participant died before commencing lifetime Required Minimum Distribution payments, your interest in the IRA Source Contract or Applicable Plan will be distributed from this Contract as follows:

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***General Rule***

Your interest in this inherited traditional IRA Contract will be distributed, starting on the BCO Distribution Commencement Date (no later than the end of the calendar year following the calendar year of the Deceased Owner's or Deceased Participant's death), over your remaining life expectancy, with such life expectancy determined using your age as of your birthday in the year following the year of the Deceased Owner's or Deceased Participant's death. If you die before you receive your entire interest in this Contract, the remainder of your interest must be distributed to your Beneficiary by the end of the calendar year containing the tenth anniversary of your death.

***Provisions Applicable to a Deceased Owner's Special Surviving Spouse***

If you are a Special Surviving Spouse, your interest in this inherited traditional IRA Contract will be distributed, over your life expectancy, starting on the BCO Distribution Commencement Date. Your BCO Distribution Commencement Date can be no later than the end of the calendar year in which the Deceased Owner would have attained the "applicable age" as defined in Code Section 401(a)(9)(C), or the end of the calendar year following the calendar year of the Deceased Owner's death, whichever is later.

If you die before the BCO Distribution Commencement Date, and before Required Minimum Distribution payments have commenced to you, your interest in this Contract will be distributed as if you were the Deceased Owner.

***How Payments Are Calculated***

The amount of each annual payment is determined by dividing your remaining entire interest in this inherited traditional IRA Contract as of the end of the calendar year prior to the payment by your remaining life expectancy. If the Owner of this Contract is a see-through trust, the Annuitant's life expectancy is used. For this purpose, your entire interest in this inherited traditional IRA Contract is the Annuity Account Value plus the actuarial present value of any additional annuity contract benefits (such as guaranteed death benefits). Where the Contribution is made to this inherited traditional IRA Contract after the end of that prior calendar year, we will calculate the initial payment using the value of your interest in the IRA Source Contract or Applicable Plan as of the end of the prior calendar year. In no event shall a BCO Distribution exceed the remaining Annuity Account Value on the date of payment.

***How Life Expectancy is Determined***

Life expectancy is determined using the Single Life Table in Treasury Regulation Section 1.401(a)(9)-9, or any successor Regulation.

***General Rule***

Life expectancy is determined using your age as your birthday in the calendar year following the calendar year of the Deceased Owner's or Deceased Participant's death ("Base Year"). Your remaining life expectancy for a year is the number in the Single Life table corresponding to your age in the Base Year described in the preceding sentence and reduced by one (1) for each subsequent year. If the Owner of this Contract is a see-through trust, the Annuitant's life expectancy is used.

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***Provisions Applicable to a Deceased Owner's Special Surviving Spouse***

If you are a Special Surviving Spouse, your life expectancy is determined each year beginning with the calendar year that includes the BCO Distribution Commencement Date. Your remaining life expectancy for a year is the number in the Single Life Table corresponding to your age in that year.

***How is it determined whether Required Minimum Distribution payments have commenced***

For purposes of this Section, Required Minimum Distribution payments are considered to begin on the Deceased Owner's or Deceased Participant's (as applicable) Required Beginning Date for Required Minimum Distribution payments during life. Required Minimum Distribution payments are considered to have begun whether or not payments were actually made from the IRA Source Contract or Applicable Plan.

***Provisions Applicable to a Deceased Owner's Special Surviving Spouse***

Required Minimum Distribution payments are considered to begin to a Special Surviving Spouse by the date which is the later of the end of the calendar year following the calendar year of the Deceased Owner's death or the end of the calendar year in which the Deceased Owner would have attained the applicable age as defined in Code Section 401(a)(9)(C).

***Annual payments; potential aggregation with other inherited traditional individual retirement arrangements.***

This inherited traditional IRA Contract is designed to pay out at least annually the post-death Required Minimum Distribution payment calculated for the remaining portion of your Interest in the IRA Source Contract or your Interest in the Deceased Participant's Applicable Plan directly transferred or rolled over to this Contract. The BCO Distributions consist of payments no less frequently than annually beginning on the BCO Distribution Commencement Date. We will make these distributions at least once a calendar year in accordance with the Code and applicable Treasury Regulations. Subject to our approval, you may request more frequent than annual payments. Payments must be made every year except as specifically indicated below.

In the circumstances described in this and the following paragraphs, if you have also been Designated Beneficiary under at least one other of the Deceased Owner's traditional individual retirement arrangements, you may choose to take the post-death Required Minimum Distribution payments calculated for this inherited traditional IRA Contract from another of the Deceased Owner's traditional individual retirement arrangements in accordance with Treasury Regulation Section 1.408-8. This provision directs that the post-death Required Minimum Distribution be calculated separately for each traditional IRA. The separately-calculated amounts may then be totaled and the total distribution taken from any one or more of the individual's traditional IRAs held as a beneficiary of the same decedent and which are being distributed under the life expectancy rule in Section 401(a)(9)(B)(iii) or (iv) of the Code.

For this purpose, the following individual retirement arrangements may not be aggregated with this inherited traditional IRA Contract:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an account or contract that you own not as a beneficiary, but as the IRA owner in your own right;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an account or contract that you own as a non-spousal beneficiary of a
deceased participant under an Applicable Plan, even if the deceased participant under such Plan is the same as the Deceased Owner named on the cover page and in the Data Pages;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an account or contract that you own as a beneficiary of the Deceased Owner named on the cover page and in the
Data Pages, if you have elected to take your interest in the account or contract by the end of the calendar year containing the fifth anniversary of the Deceased Owner's death in accordance with Section 401(a)(9)(B)(ii) of the Code; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a contract you have irrevocably annuitized under Treasury Regulation Section 1.401(a)(9)-6.

Distributions from Section 403(b) contracts, 403(b) custodial accounts, or Roth IRAs inherited from the Deceased Owner also will not satisfy the distribution requirements from inherited traditional IRAs.

In order for us to suspend a BCO Distribution that we would otherwise make, you must give us advance notice in accordance with our procedures at the time. We may request that you document eligibility to take withdrawals from another traditional individual retirement arrangement inherited from the Deceased Owner.

**PART [X]-GENERAL PROVISIONS** 

*The following is added at the end of the existing Section in your Contract:* 

**SECTION [10.02] STATUTORY COMPLIANCE** 

If this Contract fails to qualify as an inherited traditional individual retirement annuity under Sections 408(b) and 408(d)(3)(C) of the Code, we will have the right to terminate this Contract. In that case, we will pay the Annuity Account Value less a deduction for the part which applies to any Federal income tax payable by you which would not have been payable with respect to an inherited traditional individual retirement annuity which meets the terms of Sections 408(b) and 408(d)(3)(C) of the Code.

*The following is added at the end of the existing Section in your Contract:* 

**SECTION [10.04] REPORTS AND NOTICES** 

We will send you a report as of the end of each calendar year showing the status of this Contract and any other reports required by the Code. We will also send to you information on Required Minimum Distributions as is prescribed by the Commissioner of Internal Revenue.

*The following Section in your Contract is deleted and replaced with the following:* 

**SECTION [10.05] ASSIGNMENTS AND TRANSFERABILITY** 

You may not transfer this Contract. No portion of your interest in this Contract or your rights under this Contract may be sold, assigned, pledged or transferred to any person other than the

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issuer of this Contract, or discounted, encumbered or pledged as collateral for a loan or as security for the performance of an obligation.

*The following new Section is added to your Contract:* 

**SECTION [10.10] CHANGE IN OWNER** 

The Ownership of this inherited traditional IRA Contract cannot be changed.

*The following new Section is added to your Contract:* 

**SECTION [10.11] OWNER AND ANNUITANT REQUIREMENTS** 

*Rules applicable to the Annuitant:* When this Contract is owned by an individual in his or her capacity as beneficiary the Owner must also be the Annuitant.

When this Contract is owned by a see-through trust in its capacity as beneficiary the Annuitant is determined in accordance with Code Section 401(a)(9) and the Treasury Regulations thereunder.

When this Contract is owned by a custodial inherited traditional IRA for benefit of an individual beneficiary of a deceased individual, the individual Designated Beneficiary of the Deceased Owner's IRA Source Contract or the Deceased Participant's interest in the Applicable Plan, as the case may be, must be the Annuitant. When this Contract is owned by a custodial inherited traditional IRA for benefit of a see-through trust beneficiary of a deceased individual, the Annuitant is determined in accordance with Code Section 401(a)(9) and the Treasury Regulations thereunder.

*Rules applicable to the Owner*: When this Contract is owned by an individual in his or her capacity as beneficiary of the Deceased Owner's IRA Source Contract or the Deceased Participant's interest in the Applicable Plan, as the case may be, the Owner must also be the Annuitant.

The only permissible Non-natural Owners are certain "see-through trust beneficiaries" or a trustee or custodian of an inherited traditional individual retirement account, also referred to in this Contract as a "custodial inherited traditional IRA." Subject to our approval, the only see-through trust permissible as a Non-natural Owner under the Contract is a "see-through trust" described in Treasury Regulation Section 1.401(a)(9)-4, or any successor Regulation, and is permitted under Section 401(a)(9) of the Code, including the Treasury Regulations that apply, to take BCO Distributions under this Contract.

When this Contract is owned by a see-through trust, the trust must have been Designated Beneficiary under the Deceased Owner's IRA Source Contract or the Deceased Participant's Applicable Plan, as the case may be.

When this Contract is owned by a custodial inherited traditional IRA, the IRA must meet the requirements of Sections 408(a) and 408(d)(3)(C) of the Code. It must be the IRA Source Contract or it must be an inherited traditional individual retirement account newly and timely established by direct rollover from an Applicable Plan for the benefit of a beneficiary who is not the surviving spouse of a Deceased Participant. The custodial inherited traditional IRA must be maintained for the benefit of the Designated Beneficiary of the Deceased Owner or the Deceased Participant, as the case may be. If such beneficiary is an individual, that individual must also be the Annuitant. If such beneficiary is a see-through trust, the custodial inherited traditional IRA must designate the beneficiary of such trust determined in accordance with Code Section 401(a)(9) and the Treasury Regulations thereunder as the Annuitant.

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**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY** 

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| [ | [ |
| ![LOGO](g940225g53f00.jpg) | ![LOGO](g940225g64u65.jpg) |
| Mark Pearson,<br> Chief Executive Officer] | José Ramón González<br> Chief Legal Officer and Secretary] |

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ICC25-INHIRA 14

## Ex-99.(27)(D)(5)

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY,** 

**domiciled in New York** 

**INHERITED NON-QUALIFIED PAYOUT ENDORSEMENT** 

When issued with this Endorsement, and as specified in the Data Pages, this Contract is offered to a beneficiary of a nonqualified deferred annuity contract in his/her capacity as beneficiary. It is intended to make the payments required after the death of the holder of a nonqualified deferred annuity contract under Section 72(s) of the Code.

The purpose of this Contract is to distribute at least annually the amount required with respect to a death benefit under another nonqualified deferred annuity contract after the death of the original holder which the beneficiary has directed to be exchanged to this Contract.

This Inherited Non-Qualified Payout Contract ("Inherited NQ") is offered to a death beneficiary who is a natural person under another nonqualified deferred annuity contract under the circumstances, and with the conditions, described in this Endorsement.

This Endorsement is part of your Contract and its provisions apply in lieu of any Contract provisions to the contrary. In this Endorsement, "we", "our" and "us" mean Equitable Financial Life Insurance Company and "you" and "your" mean the Owner.

The Effective Date of this Endorsement is your Contract Date.

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**PART [I] – DEFINITIONS** 

**SECTION [1.01] ANNUITANT** 

*The following sentences are added at the end:* 

The Owner of this Contract is also the Annuitant. Joint Annuitants are not permitted under this Contract.

*The following Section is deleted:* **SECTION [1.10] CONTRACT MATURITY DATE**

*The following Section is deleted and replaced with the following:* 

**SECTION [1.15] NON-NATURAL OWNER** 

This Inherited NQ Contract is offered only to natural persons who are beneficiaries under another nonqualified deferred annuity contract; Non-Natural Owners are not permitted.

*The following Section is deleted and replaced with the following:* 

**SECTION [1.17] OWNER** 

"Owner" means a beneficiary designated by the Deceased Holder to receive a benefit under the Source Contract after the death of the Deceased Holder, and the beneficiary exchanges his/her entire interest under the Source Contract this Inherited NQ Contract for purposes of taking Required Payments Under Section 72(s)(2)(B) with respect to the exchanged interest from the Source Contract. In the case of an Inbound Exchange Where Payments Have Started, the exchange to this Inherited NQ Contract is of the remaining interest under the Source Contract whether amounts are exchanged directly from the Source Contract or indirectly from an Interim Source Contract, into this Contract. Joint Owners are not permitted. The Owner of the Contract cannot be changed.

*The following Sections are added at the end of Part[I]:* 

**SECTION [1.25] REQUIRED PAYMENTS UNDER SECTION 72(s)(2)(B)** 

"Required Payments Under Section 72(s)(2)(B)" are the post-death payments required when the holder of a nonqualified deferred annuity contract dies before the annuity starting date under such contract and the individual death beneficiary under such contract elects to take distribution of his/her interest over a period not extending beyond the life expectancy of such beneficiary, as described in the Section, "Annuity Benefits Under this Endorsement" in Part [VIII.A].

**SECTION [1.26] REQUIRED PAYMENT STARTING DATE** 

"Required Payment Starting Date" means the date Required Payments Under Section 72(s)(2)(B) must begin, which can be no later than the date which is one (1) year after the date of death of the Deceased Holder of the Source Contract. [The Required Payment Starting Date is shown in the Data Pages and cannot be changed to a later date.]

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**SECTION [1.27] INHERITED NQ PAYMENT STARTING DATE** 

"Inherited NQ Payment Starting Date" means the date that payments actually begin under this Contract. [The Inherited NQ Payment Starting Date is shown in the Data Pages and cannot be changed to a later date.]

**SECTION [1.28] DECEASED HOLDER OF THE SOURCE CONTRACT** 

"Deceased Holder of the Source Contract" means the individual named in the Data Pages, now deceased, who was the holder (or was treated as the holder) of the Source Contract from which your entire interest as beneficiary, was exchanged into this Inherited NQ Contract, and whose death triggers the requirement to distribute amounts with respect to the Source Contract.

**SECTION [1.29] SOURCE CONTRACT** 

"Source Contract" means the nonqualified deferred annuity contract[(s)] which is[are] the source of the exchange to this Inherited NQ Contract, as described in the Section, "Conditions Applicable to the Source Contract and the Exchange Transaction."

**SECTION [1.30] ANNUAL PAYOUT PERIOD** 

"Annual Payout Period" means the twelve month period beginning on the Inherited NQ Payment Starting Date and each twelve month period thereafter.

**SECTION [1.31] INHERITED NQ PAYMENT ANNIVERSARY DATE** 

"Inherited NQ Payment Anniversary Date" means the last day of the Annual Payout Period under this Contract.

**SECTION [1.32] [INBOUND EXCHANGE WHERE PAYMENTS HAVE STARTED]** 

"[Inbound Exchange Where Payments Have Started]" means an exchange to this Contract under which Required Payments Under Section 72(s)(2)(B) have already started from the Source Contract and the Owner exchanges the remaining interest as a beneficiary under the Source Contract to this Contract, either directly from the Source Contract, or from any Interim Source Contract to which the Owner previously exchanged the remaining interest as a beneficiary under the Source Contract.

**SECTION [1.33] INTERIM SOURCE CONTRACT** 

"Interim Source Contract" means [a] contract[s] to which the Owner exchanged the remaining interest as a beneficiary under the Source Contract, whether directly from the Source Contract, or from any prior successive Interim Source Contract to which the Owner previously exchanged the

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remaining interest as a beneficiary under the Source Contract and under which Required Payments Under Section 72(s)(2)(B) continued to be made to the Owner at least annually on a period certain and not life contingent basis.

**PART [IV] - CONTRIBUTIONS AND ALLOCATIONS** 

**SECTION [4.02] LIMITS ON CONTRIBUTIONS** 

*The following is added at the end of the existing Section:* 

No Contributions will be accepted unless they are in United States currency. We reserve the right not to accept funds by electronic means unless they meet our specifications.

We indicate in the Data Pages and in this Section any limits on the type, source or amount of Contributions we will accept.

Except as otherwise indicated in this Section or the Data Pages, we accept only one Contribution to this Inherited NQ Contract. We will accept a single Contribution of a Section 1035 exchange of your interest as a beneficiary under the Deceased Holder's Source Contract or any Interim Source Contract. See the Section, "Conditions Applicable to the Source Contract and the Exchange Transaction."

If you are a beneficiary under more than one Source Contract of the same Deceased Holder, you may make more than one exchange of your entire interest as a beneficiary from such Source Contract to this Inherited NQ Contract, and we will treat such multiple exchanges as one Contribution, provided that all of the Source Contracts and all of the exchange transactions meet the requirements of the Section, "Conditions Applicable to the Source Contract and the Exchange Transaction."

In the case of an Inbound Exchange Where Payments Have Started, the single Contribution is of the remaining interest under the Source Contract whether exchanged directly from the Source Contract or indirectly from an Interim Source Contract.

We must receive the Contribution and information we require from the insurance company which issued the Deceased Holder's Source Contract in sufficient time for us to begin making payments of the Annuity Benefit Under this Endorsement by the Required Payment Starting Date (see Section 4.03 below). See "Annuity Benefit Under This Endorsement" in Part [VIII.A].

No Contributions will be accepted after payments of the Annuity Benefit Under this Endorsement have begun.

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*The following new Section is added at the end of this Part:* 

**SECTION [4.03] CONDITIONS APPLICABLE TO THE SOURCE CONTRACT AND THE EXCHANGE TRANSACTION** 

**Part I – Conditions applicable to the Source Contract and Exchange Transaction where Payments have *not* Started under the Deceased Holder's Source Contract** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*A.* *Conditions applicable to the Source Contract* 

1) The death of the Deceased Holder of the Source Contract triggers the requirement to make post-death required payments by the Required Payment Starting Date from or with respect to the proceeds of the Source Contract.

2) You must not have already made an election with the insurance company which issued the Deceased Holder's Source Contract for the payout under Section 72(s) of the Code of the Source Contract proceeds.

3) You cannot have previously applied the value of your interest as a beneficiary under the Source Contract to an annuity payout or any other post-death substantially equal periodic payment method offered under the Source Contract in accordance with Section 72(s)(2) of the Code.

4) You must not have elected to receive the Source Contract proceeds within 5 years after the date of death of the Deceased Holder of the Source Contract, in accordance with Section 72(s)(1)(B) of the Code. Also, even if no affirmative election was made, the insurance company that issued the Deceased Holder's Source Contract must not have applied the Five Year Rule under Section 72(s)(1)(B) of the Code. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*B.* *Conditions applicable to the exchange transaction* 

1) Your "Section 1035 exchange" Contribution is the direct payment from the insurance company which issued the Deceased Holder's Source Contract of the value of the amounts held by such insurance company for your benefit by reason of the death of the Deceased Holder of the Source Contract. 

2) You must direct the insurance company which issued the Deceased Holder's Source Contract to exchange your interest as a beneficiary under the Source Contract for your interest under this Inherited NQ Contract. Since you hold your interest under both the Source Contract and under this Inherited NQ Contract in your capacity as an individual who is the beneficiary at the death of the Deceased Holder of the Source Contract, we consider you the "obligee" for purposes of Section 1035 of the Code. 

3) You must apply the entire value of your interest as a beneficiary under the Source Contract to this Inherited NQ Contract. We do not accept partial exchanges of your interest. See, "Annuity Benefit Under This Endorsement", Part [VIII.A] of this Endorsement below.

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4) We must receive the Contribution and information we require from the insurance company which issued the Deceased Holder's Source Contract that the exchange transaction is a Section 1035 exchange transaction in sufficient time for us to begin making payments of the Annuity Benefit Under this Endorsement by the Required Payment Starting Date. The Required Payment Starting Date must be no later than one year after the date of death of the Deceased Holder of the Source Contract. See the Section, "Annuity Benefit Under This Endorsement" in Part [VIII. A] of this Endorsement below. 

**Part II – Conditions applicable to the Source Contract and Exchange Transaction where Payments have Started under the Deceased Holder's Source Contract** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*A.* *Conditions applicable to the Source Contract* 

1) The death of the Deceased Holder of the Source Contract triggers the requirement to make post-death required payments by the Required Payment Starting Date from or with respect to the proceeds of the Source Contract.

2) You must have already made an election with the insurance company which issued the Deceased Holder's Source Contract or any Interim Source Contract for the payout under Section 72(s) of the Code of the Source Contract proceeds. You cannot have previously applied the value of your interest as a beneficiary under the Source Contract or any Interim Source Contract to a life contingent annuity payout. 

3) You must not have elected to receive the Source Contract proceeds within 5 years after the date of death of the Deceased Holder of the Source Contract, in accordance with Section 72(s)(1)(B) of the Code. Also, even if no affirmative election was made, the insurance company that issued the Deceased Holder's Source Contract or any Interim Source Contract must not have applied the 5 Year Rule under Section 72(s)(1)(B) of the Code. 

4) You must have started to receive Required Payments Under Section 72(s)(2)(B) from the Deceased Holder's Source Contract or any Interim Source Contract at least annually in accordance with Section 72(s)(2).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*B.* *Conditions applicable to the exchange transaction* 

1) Your "Section 1035 exchange" Contribution is the direct payment from the insurance company which issued the Deceased Holder's Source Contract, or any Interim Source Contract, of the value of the amounts held by such insurance company for your benefit by reason of the death of the Deceased Holder of the Source Contract. 

2) You must have directed the insurance company which issued the Deceased Holder's Source Contract to exchange your interest as a beneficiary under the Source Contract, or any Interim Source Contract for your interest under this Inherited NQ Contract. Since you hold your interest under both the Source Contract, or any Interim Source Contract, and under this Inherited NQ Contract in your capacity as an individual who is the beneficiary at the death of the Deceased Holder of the Source Contract, we consider you the "obligee" for purposes of Section 1035 of the Code. 

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3) You must apply the entire value of your interest as a beneficiary under the Source Contract or any remaining value from any Interim Source Contract to this Inherited NQ Contract. We do not accept partial exchanges of your interest. See, "Annuity Benefit Under This Endorsement", Part [VIII.A] of this Endorsement below. 

4) We must receive the Contribution and information we require from the insurance company which issued the Deceased Holder's Source Contract or any Interim Source Contract that the exchange transaction is a Section 1035 exchange transaction in sufficient time for us to continue making Required Payments Under Section 72(s)(2)(B) at least annually. The Required Payment Starting Date must be no later than one year after the date of death of the Deceased Holder of the Source Contract. With any [Inbound Exchange Where Payments Have Started], we must receive the Contribution and information we require from the insurance company which issued the Source Contract or any Interim Source Contract, [9] months within the last payment date made under such Contract. See the Section, "Annuity Benefit Under This Endorsement" in Part [VIII. A] of this Endorsement below. 

5) The Inherited NQ Payment Starting Date cannot be later than one year after the date of the last payment from the Source Contract (or the Interim Source Contract from which amounts are exchanged into this Contract, if applicable). 

**PART [VI] - WITHDRAWALS AND TERMINATION** 

*All sections under Part [VI] are deleted and replaced with the following:* 

**SECTION [6.01] WITHDRAWALS** 

Unless otherwise stated in the Data Pages, you may request, pursuant to our procedures then in effect, a withdrawal from the Investment Options while this Contract is in force. You may take withdrawals in addition to the Annuity Benefit Under this Endorsement (scheduled Required Payments Under Section 72(s)(2)(B) described in Part [VIII]). The request must be in a form we accept.

**SECTION [6.02] CONTRACT TERMINATION** 

This Contract terminates as of the date that we make the final payment under the Annuity Benefit Under this Endorsement. In addition, we reserve the right to terminate this Contract if one or more of the following events occur, unless otherwise specified in any Endorsement or Data Pages attached hereto:

(a) A withdrawal is made under Section 6.01 that would result in an Annuity Account Value of an amount less than the minimum amount stated in the Data Pages.

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(b) If, as a result of the following, your Annuity Account Value is reduced to zero: 1) the deduction of a charge or fee, or 2) the processing of a withdrawal.

**PART [VII] – PAYMENT UPON DEATH** 

*All sections under Part [VII] are deleted and replaced with the following:* 

**SECTION [7.01] BENEFICIARY/SUCCESSOR OWNER OF THE ANNUITY BENEFIT UNDER THIS ENDORSEMENT** 

You give us the name of the person you designate to receive payments of the Annuity Benefit Under this Endorsement if you die before this Contract terminates under the Section, "Contract Termination." We call this person your "Beneficiary," and the "Successor Owner" of your interest under this Endorsement. You may change your Beneficiary/Successor Owner while you are alive and while the Contract is in force. Any such change must be made in writing. A change of a previously-designated Beneficiary/Successor Owner will be effective as of the date you sign it, whether or not you are living on the date of receipt at our Processing Office. However, we will not be liable as to any payments we make or actions we take before we receive any such change at our Processing Office.

You may name one or more persons to be primary Beneficiary/Successor Owner and one or more other persons to be contingent Beneficiary/Successor Owner if the primary Beneficiary dies before you. Unless you direct otherwise, if you have named two or more persons as Beneficiary/Successor Owner, the Beneficiary/Successor Owner will be the named person or persons who survive you, and payments will be made to such persons in equal shares or to the survivor.

If there is no named Beneficiary/Successor Owner living or in existence at your death, the Beneficiary/Successor Owner who or which is entitled to the Annuity Benefit Under this Endorsement will be determined in this order: i) your surviving spouse, if any; ii) if there is no surviving spouse, then to your surviving children in equal shares; iii) if there are no surviving children, then to your estate.

**SECTION [7.02] CLAIMS REQUIREMENTS FOR PAYMENTS AFTER YOUR DEATH** 

We need the following "Beneficiary Requirements" before we pay any amounts under this Contract after your death. Any such payments are also subject to any special rules which may apply as described in the Data Pages and any Endorsement or Rider attached hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a properly completed written request;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) due proof of death (as evidenced by a certified copy of the death certificate);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) proof satisfactory to us that the person claiming any payment under this Contract is the person entitled to
receive it under the terms of Section 7.01;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) tax information required by the Code; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) any other forms we require.

Upon receipt of notification of your death, if we have not received the Beneficiary Requirements described above, your Contract will continue to remain invested in the Variable Investment Options and no transactions will be permitted.

Unless otherwise specified in the Data Pages or a Rider attached hereto, the amount of the Death Benefit is equal to the Annuity Account Value on the Benefit Transaction Date.

**SECTION [7.03] MANNER OF PAYMENT FOR PAYMENTS MADE AFTER YOUR DEATH** 

After your death, Required Payments Under Section 72(s)(2)(B) will continue to the Beneficiary/Successor Owner at least as rapidly as while you were living, and the Annuity Account Value must be depleted by the end of the period certain that is measured by your life expectancy period.

Required Payments Under Section 72(s)(2)(B) may continue to serial Beneficiaries/Successor Owners until the Annuity Account Value falls to zero, including through single sum withdrawals described in the next paragraph.

The Beneficiary/Successor Owner may elect alternatively to withdraw the Annuity Account Value in a single sum and thereby terminate this Inherited NQ Contract.

Where you have named multiple Beneficiaries/Successor Owners, the Annuity Account Value will be divided into shares described in Section 7.01 as of the date the first claim of any Beneficiary/Successor Owner is processed, as described in Section 7.02. Subject to Section 6.02 of this Endorsement, the proportionate shares of payments will continue to be made to each Beneficiary/Successor Owner for the remaining payment period; however each Beneficiary/Successor Owner is eligible to terminate the Beneficiary/Successor Owner's share of this Inherited NQ Contract and receive instead a share of the Annuity Account Value in a single sum under the Beneficiary NQ Stretch Option. The Inherited NQ Payment Anniversary Date remains the same for each Beneficiary/Successor Owner electing to continue to receive scheduled payments under this Inherited NQ Contract.

If you die after this Contract is issued, but before we make the first payment of the Annuity Benefit Under this Endorsement, we will pay the Annuity Account Value to the Beneficiary/Successor Owner in a single sum. Before we make this single sum payment, the Beneficiary/Successor Owner may elect alternatively to take the Annuity Benefit Under this Endorsement over the period certain that applied to you.

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**PART [VIII.A]** 

**INHERITED NQ – ANNUITY BENEFIT UNDER THIS ENDORSEMENT** 

**PROVISIONS APPLICABLE TO THE BENEFICIARY NQ STRETCH OPTION** 

*All sections under Part [VIII] are deleted and replaced with the following Sections shown in Part [VIII.A] of this Endorsement:* 

**SECTION [8A.00] DEATH DISTRIBUTION RULES UNDER SECTION 72(s) OF THE CODE** 

This Inherited NQ Contract is designed and intended to effect the post-death distribution rules under Section 72(s)(2)(B) of the Code for amounts exchanged into this Contract by an individual beneficiary under another nonqualified deferred annuity contract. Section 72(s) of the Code requires that where any holder of an annuity contract dies before the annuity starting date, the entire interest in the annuity contract must be distributed within the timeframe, and in the manner, described in that Section. This Contract is not intended to effect the general rule described in Section 72(s)(1)(B) of the Code, that the entire interest in the contract must be distributed within five years after the holder's death. This Contract is intended to effect the rule described in Section 72(s)(2)(B) of the Code, that an individual designated as the beneficiary to receive the interest in the nonqualified deferred annuity contract after the holder's death may take distribution of this interest over a period not extending beyond the life expectancy of the individual beneficiary. These payments must begin within one year after the holder's death.

In the case of an [Inbound Exchange Where Payments Have Started], instead of an exchange from another nonqualified deferred annuity contract, we may accept an exchange from another annuity contract from which Required Payments Under Section 72(s)(2)(B) have started. The exchange must be either directly from the Source Contract or from the most recent Interim Source Contract if successive exchanges have been made of the remaining interest as a beneficiary from the Source Contract. This Contract is not designed to accept amounts which had been paid on a life contingent basis from the Source Contract or any Interim Source Contract. Required Payments Under Section 72(s)(2)(B) must have been made at least annually over a period certain which does not exceed the Owner's life expectancy period at the Required Payment Starting Date.

**SECTION [8A.01] ANNUITY BENEFIT UNDER THIS ENDORSEMENT** 

The Annuity Benefit Under this Endorsement is the payment of scheduled Required Payments Under Section 72(s)(2)(B) as described in this Part [VIII.A.] The Required Payments Under Section 72(s)(2)(B) are variable and are not guaranteed. No life contingent annuity and no form of annuity benefit is available other than the benefit described in Part [VIII.A] of this Endorsement. The Annuity Benefit Under this Endorsement is not a life contingent annuity, but the certain period is based on the Owner's life expectancy. See the Sections, "Calculation of Amount of Annuity Benefit Under This Endorsement, and "Conditions for Payment", below.

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*Terms and Conditions of the Inherited NQ Programs described in Part [VIII.A] of this Endorsement* 

1) Once payments begin under this Contract, they may not be terminated until the Annuity Account Value falls to zero.

2) On and after the Inherited NQ Payment Starting Date, no traditional or alternate form of annuity benefit described in Part [VIII] of your Contract may be elected.

3) Payments will be processed on a pro-rata basis from your Annuity Account Value in the Variable Investment Options. If there is insufficient value or no value in the Variable Investment Options, any additional amount required or the total amount of the payment, as applicable, will be processed from the Dollar Cap Averaging Account. If there is insufficient value or no value in the Dollar Cap Averaging Account, any additional amount required or the total amount of the payment, as applicable, will be processed from the Segment Type Holding Accounts on a pro-rata basis. If there is insufficient value or no value in the Segment Type Holding Accounts, any additional amount required or the total amount of the payment, as applicable, will be processed from the Segments on a pro-rata basis. 

4) Contributions are not permitted beginning on the Inherited NQ Payment Starting Date. *(See Part [IV] of the Contract.)*

5) You may take withdrawals in addition to scheduled payments from your Contract during the payment period described in this Endorsement *(See Section [6.01] of the Contract.)*

6) You may commute this Contract for its Cash Value once payments begin. *(See Section [6.02] of the Contract.)* 

[7) Inherited NQ scheduled payments are not subject to Withdrawal Charges. Such payments do not reduce Contributions in the Contract that are subject to Withdrawal Charges. *(See Section [9.01] of the Contract.)*

8) (Inherited NQ payments reduce your Free Withdrawal Amount. *(See Section [9.01] of the Contract.)]* 

**SECTION [8A.02] MANNER OF PAYMENT OF ANNUITY BENEFIT UNDER THIS ENDORSEMENT** 

In the case where Payments have not started under the Deceased Holder's Source Contract, your interest in this Inherited NQ Contract must be distributed, before or on the Required Payment Starting Date over your remaining life expectancy period, with such life expectancy determined in Section [8A.03.]

In the case of an [Inbound Exchange Where Payments Have Started], the Inherited NQ Payment Starting Date cannot be later than one year after the date of the last payment from the Source Contract (or the Interim Source Contract from which amounts are exchanged into this Contract, if applicable). The conditions that we need to honor this request are that we must have received all of your contributions and all the required information that we require to begin payments

If you die before the entire interest in this Contract has been fully distributed, scheduled payments under this Contract will continue to the person you name as Beneficiary/Successor Owner for the remaining term of your life expectancy. See "Part [VII]– Payment Upon Death" in this Endorsement. Once Required Payments Under Section 72(s)(2)(B) begin, they must be made at least annually until this Inherited NQ Contract is terminated. See Part [VI] – Withdrawals and Termination" of this Endorsement.

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We will make the first scheduled Required Payment Under Section 72(s)(2)(B) on the Inherited NQ Payment Starting Date and will make each subsequent scheduled Required Payment Under Section 72(s)(2)(B) on the first day of each Annual Payout Period unless we allow you to, and you elect to receive each scheduled Post-Death Payment Under Section 72(s)(2)(B) in installments on a more frequent basis than annually. If such payment day is not a Business Day, payment will be made on the following Business Day.

Payments of the Annuity Benefit Under this Endorsement will vary based on the Annuity Account Value as determined on the Inherited NQ Payment Starting Date and each Inherited NQ Payment Anniversary Date. Any additional withdrawals you take under Section [6.01] will also affect the amount of scheduled Required Payments Under Section 72(s)(2)(B).

If on any scheduled payment date, the Annuity Account Value is less than or equal to the scheduled payment amount, the Annuity Account Value will be paid and the Contract will terminate. In the last Annual Payout Period, if the Annuity Account Value on the last scheduled payment date is more than the scheduled payment amount, the remaining Annuity Account Value will be paid. *This provision supersedes any Termination Provision to the contrary.*

**SECTION [8A.03] CALCULATION OF AMOUNT OF ANNUITY BENEFIT UNDER THIS ENDORSEMENT** 

If a Charge for taxes applies in your jurisdiction as described in Section [8.06] of this Contract, such amount will be deducted before determining your initial scheduled Required Payment Under Section 72(s)(2)(B).

Except for [Inbound Exchanges Where Payments Have Started], the amount of the initial scheduled Required Payment Under Section 72(s)(2)(B) is determined by dividing your Annuity Account Value as of the Inherited NQ Payment Starting Date by a divisor representing your initial life expectancy period, as shown in Attachment A. For purposes of calculating your scheduled Required Payments under Section 72(s)(2)(B), we round the numbers in Attachment A down to the whole number based on your age as of the first anniversary of the date of death of the Deceased Holder of the Source Contract in the calendar year in which payments begin under the Annuity Benefit described in this Endorsement. If Required Payment Under Section 72(s)(2)(B) starts in the calendar year of the date of death of the Deceased Holder of the Source Contract, we round the numbers in Attachment A down to the whole number based on your age as of the date of death of the Deceased Holder of the Source Contract. Each subsequent annual scheduled Required Payment Under Section 72(s)(2)(B) is determined by dividing your remaining Annuity Account Value as of the Inherited NQ Payment Anniversary Date by your remaining life expectancy. On the first day of each subsequent Annual Payout Period, the remaining life expectancy is reduced by 1.

Under an [Inbound Exchange Where Payments Have Started], the amount of the initial scheduled Required Payment Under Section 72(s)(2)(B) is determined by dividing your Annuity Account Value as of the Inherited NQ Payment Starting Date by applying the divisor representing your

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initial life expectancy period, as shown in Attachment A, based on your age as of the first anniversary of the date of death of the Deceased Holder of the Source Contract, minus the number of years that have passed since the first anniversary of the date of death of the Deceased Holder of the Source Contract. Each subsequent annual scheduled Required Payment Under Section 72(s)(2)(B) under this Contract is determined by dividing your remaining Annuity Account Value as of the Inherited NQ Payment Anniversary Date by your remaining life expectancy. On the first day of each subsequent Annual Payout Period, the remaining life expectancy is reduced by 1.

If the Inherited NQ Payment Anniversary Date is not a Business Day, the Required Payment Under Section 72(S)(2)(B) is determined by your Annuity Account Value on the immediately preceding Business Day.

**PART [IX] - CHARGES** 

*The following Section is deleted and replaced with the following:* 

**SECTION [9.04] CHARGE FOR TAXES** 

We reserve the right to deduct from the Contributions applied to provide the Annuity Benefit Under this Contract a charge that we determine which is designed to approximate certain taxes that may be imposed on us, including but not limited to premium taxes which may apply in your state.

**PART [X] – GENERAL PROVISIONS** 

*The following Section is deleted and replaced with the following:* 

*All references in the Contract to "before the Contract Maturity Date" are deleted and replaced with "while this Contract is in force"* 

**SECTION [10.04] REPORTS AND NOTICES** 

At least once each year, while this Contract is in force, we will send you a report showing on the start and end dates for the current period for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the amount of Contributions, withdrawals, and charges to the Annuity Account Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the total number of Accumulation Units in each Separate Account or Variable Investment Option;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Accumulation Unit Values;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the dollar amount in each Separate Account or Variable Investment Option; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the Cash Value.

The amount described in (d) above reflects your Annuity Account Value. The information provided will be as of a date not more than four months prior to the date of mailing.

In addition to the report described above, we may also send periodic statements to you reflecting transactions on your Contract during that period.

A report or statement as described above or any written notice as described in any other Section will be satisfied by our mailing any such report, statement or notice to your last known address as shown in our records. If you have enrolled in electronic delivery of such reports, statements or notices, our obligation to deliver such reports, statements or notices will be satisfied by sending them to your last provided email address. We will make copies of the reports and statements available to you upon request. The duplicate copies may have an additional cost as shown in the Data Pages.

*The following Section is deleted:* 

**SECTION [10.05] CHANGE IN OWNER** 

*The following Section is deleted and replaced with the following:* 

**SECTION [10.05 ] ASSIGNMENTS AND TRANSFERABILITY** 

You may not transfer this Contract.

No portion of your interest in this Contract or your rights under this Contract may be sold, assigned, pledged or transferred to any person other than the issuer of this Contract, or discounted, encumbered or pledged as collateral for a loan or as security for the performance of an obligation.

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY** 

---

| | |
|:---|:---|
| [ | [ |
| ![LOGO](g940225g84v43.jpg) | ![LOGO](g940225g87e97.jpg) |
| Mark Pearson, | José Ramón González |
| Chief Executive Officer] | Chief Legal Officer and Secretary] |

---

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**ATTACHMENT A\*** 

---

| | | | |
|:---|:---|:---|:---|
| **Age** | **Life Expectancy** | **Age** | **Life Expectancy** |
|  **[0** | 84.6 | **39** | 46.7 |
| **1** | 83.7 | **40** | 45.7 |
| **2** | 82.8 | **41** | 44.8 |
| **3** | 81.8 | **42** | 43.8 |
| **4** | 80.8 | **43** | 42.9 |
| **5** | 79.8 | **44** | 41.9 |
| **6** | 78.8 | **45** | 41.0 |
| **7** | 77.9 | **46** | 40.0 |
| **8** | 76.9 | **47** | 39.0 |
| **9** | 75.9 | **48** | 38.1 |
| **10** | 74.9 | **49** | 37.1 |
| **11** | 73.9 | **50** | 36.2 |
| **12** | 72.9 | **51** | 35.3 |
| **13** | 71.9 | **52** | 34.3 |
| **14** | 70.9 | **53** | 33.4 |
| **15** | 69.9 | **54** | 32.5 |
| **16** | 69.0 | **55** | 31.6 |
| **17** | 68.0 | **56** | 30.6 |
| **18** | 67.0 | **57** | 29.8 |
| **19** | 66.0 | **58** | 28.9 |
| **20** | 65.0 | **59** | 28.0 |
| **21** | 64.1 | **60** | 27.1 |
| **22** | 63.1 | **61** | 26.2 |
| **23** | 62.1 | **62** | 25.4 |
| **24** | 61.1 | **63** | 24.5 |
| **25** | 60.2 | **64** | 23.7 |
| **26** | 59.2 | **65** | 22.9 |
| **27** | 58.2 | **66** | 22.0 |
| **28** | 57.3 | **67** | 21.2 |
| **29** | 56.3 | **68** | 20.4 |
| **30** | 55.3 | **69** | 19.6 |
| **31** | 54.4 | **70** | 18.8 |
| **32** | 53.4 | **71** | 18.0 |
| **33** | 52.5 | **72** | 17.2 |
| **34** | 51.5 | **73** | 16.4 |
| **35** | 50.5 | **74** | 15.6 |
| **36** | 49.6 | **75** | 14.8 |
| **37** | 48.6 | **76** | 14.1] |
| **38** | 47.7 |  |  |

---

\* See Section 8A.03, **"CALCULATION OF AMOUNT OF ANNUITY BENEFIT UNDER THIS ENDORSEMENT"** 

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## Ex-99.(27)(D)(6)

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY,** 

**domiciled in New York** 

**INHERITED ROTH IRA** 

**BENEFICIARY CONTINUATION OPTION (BCO) ENDORSEMENT** 

This Endorsement is part of your Contract and its provisions apply in lieu of any Contract provisions to the contrary. In this Endorsement, "we", "our" and "us" mean Equitable Financial Life Insurance Company and "you" and "your" mean the Owner.

When issued with this Endorsement, and as specified in the Data Pages, this Contract is issued as an inherited Roth individual retirement annuity contract subject to the rules of Sections 408A(b) and 408(b) of the Code and which has been acquired by reason of the death of another individual under Section 408(d)(3)(C) of the Code ("inherited Roth IRA Contract"). The tax qualified provisions are being added to the Contract to comply with the requirements of the tax code. Compliance with the tax qualified provisions prevents loss of the advantages of tax deferral and prevents penalties.

The purpose of this Contract is to distribute the interest of the deceased individual which the beneficiary has directed to be transferred to this Contract.

This inherited Roth IRA Contract is established for your exclusive benefit in your capacity as beneficiary of the deceased individual.

Your entire interest in this Contract is not forfeitable.

The provisions of this Inherited Roth IRA Beneficiary Continuation Option (BCO) Endorsement supersede any inconsistent provisions of the Contract or any other Rider or Endorsement.

The Effective Date of this Endorsement is your Contract Date.

If the Owner of this inherited Roth IRA Contract is a trustee or custodian under Sections 408A(b) and 408(a) and of the Code and pertinent Regulations, this inherited Roth IRA Contract is an annuity contract that may be used to fund an inherited Roth individual retirement account that meets Sections 408A(b) 408(a), and 408(d)(3)(C) of the Code. In such a case "you" and "your" refer to the Annuitant where required by context, and the provisions of the custodial inherited Roth individual retirement account prevail during any period this Contract is owned by such a trustee or custodian.

ICC25-INHROTH

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**PART [I]-[GENERAL] DEFINITIONS** 

*The following replaces the existing Section in your Contract:* 

**SECTION [1.01] ANNUITANT:** 

"Annuitant" means the individual shown as such on the cover page and in the Data Pages. The identity of the Annuitant is determined in accordance with the Section, "Owner and Annuitant Requirements," in Part [X].

*The following is added at the end of the existing Section in your Contract:* 

**SECTION [1.16] NON-NATURAL OWNER:** 

Non-Natural Owners which are neither a certain see-through trust beneficiary (as defined in Section [10.11]) nor a trustee or custodian of an inherited Roth individual retirement account are not permitted.

*The following sentences are added at the end of the existing Section in your Contract:* 

**SECTION [1.17] OWNER:** 

Joint Owners are not permitted. The Owner of the Contract cannot be changed. The identity of the Owner is determined in accordance with the Section, "Owner and Annuitant Requirements," in Part [X].

*The following definitions are added at the end of Part [I] in your Contract:* 

**SECTION [1.25] APPLICABLE PLAN:** 

"Applicable Plan" means any of the following eligible retirement plans which may be the source of the direct rollover Contribution to this inherited Roth IRA Contract: (i) a plan qualified under Section 401(a) of the Code or a contact qualified under Section 403(a) of the Code; (ii) an annuity contract or custodial account qualified under Section 403(b) of the Code; or (iii) a governmental employer plan under Section 457(b) of the Code.

**SECTION [1.26] BCO DISTRIBUTIONS:** 

"BCO Distributions" means the post-death payments required from or with respect to this inherited Roth IRA Contract by the "Required Minimum Distribution Rules" of Sections 408(b) and 401(a)(9) of the Code and which are described in the Section, "BCO Distributions—Post-Death Required Minimum Distribution Rules."

**SECTION [1.27] BCO DISTRIBUTION COMMENCEMENT DATE:** 

If you are a Designated Beneficiary subject to the ten-year distribution period (described in Section 7.08(B) below), the "BCO Distribution Commencement Date" is the date of the Deceased Owner's or Deceased Participant's death. The BCO Distribution Commencement Date is shown in the Data Pages and cannot be changed to a later date.

If you elect to stretch payments of the Death Benefit (described in Sections [7.08(B)(1)(i)] and [7.09]), the "BCO Distribution Commencement Date" means the date of the first BCO Distribution under this Contract. The BCO Distribution Commencement Date is shown in the Data Pages and cannot be changed to a later date.

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**SECTION [1.28] DECEASED OWNER:** 

"Deceased Owner" means the individual named in the Data Pages, now deceased, who owned the Roth IRA Source Contract, and whose death triggers the requirement to distribute amounts with respect to the Roth IRA Source Contract.

**SECTION [1.29] DECEASED PARTICIPANT:** 

"Deceased Participant" means the individual named in the Data Pages, now deceased, whose accrued benefit as a participant in the Applicable Plan is the source of the direct rollover Contribution to this inherited Roth IRA Contract.

**SECTION [1.30] DESIGNATED BENEFICIARY:** 

"Designated Beneficiary" means any individual designated by the Deceased Owner or Deceased Participant, as applicable. This term will be interpreted consistently with Code Section 401(a)(9)(E) and the Treasury Regulations thereunder.

**SECTION [1.31] ELIGIBLE DESIGNATED BENEFICIARY:** 

"Eligible Designated Beneficiary" means, with respect to a Deceased Owner or Deceased Participant, as applicable, any Beneficiary who is one of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. the surviving spouse of the Deceased Owner or Deceased Participant,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. disabled (within the meaning of Section 72(m)(7) of the Code),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. a chronically ill individual (within the meaning of Section 7702B(c)(2) of the Code, except that the
requirements of subparagraph (A)(i) thereof shall be treated as met only if there is a certification that, as of such date, the period of inability described in such subparagraph with respect to the individual is an indefinite one which is
reasonably expected to be lengthy in nature), or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. an individual not described in any of the preceding clauses of this paragraph and who is not more than 10 years
younger than the Deceased Owner or Deceased Participant.

Except to the extent that applicable federal tax law permits otherwise, the determination of whether a Beneficiary is an Eligible Designated Beneficiary shall be made as of the date of death of the Deceased Owner or Deceased Participant. For purposes of this Contract, a child of the Deceased Owner or Deceased Participant who has not reached majority (within the meaning of Section 401(a)(9)(F) of the Code) is not considered an "Eligible Designated Beneficiary."

**SECTION [1.32] INTEREST IN THE DECEASED PARTICIPANT'S APPLICABLE PLAN:** 

"Interest in the Deceased Participant's Applicable Plan" means the share as a beneficiary of the Deceased Participant's interest in the Applicable Plan, which is the source of the direct rollover Contribution to this inherited Roth IRA Contract. The Interest in the Deceased Participant's Applicable Plan includes the amount of any outstanding rollover, transfer and recharacterization

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under Treasury Regulation Section 1.408-8 and the actuarial present value of any additional annuity contract benefits provided. The Interest in the Deceased Participant's Applicable Plan does not include any values or amounts of benefits which were provided under the Applicable Plan but are not directly rolled over to this inherited Roth IRA Contract.

**SECTION [1.33] INTEREST IN THE ROTH IRA SOURCE CONTRACT:** 

**"**Interest in the Roth IRA Source Contract" means the share as a beneficiary of the Deceased Owner's Roth IRA Source Contract, which is the source of the direct transfer Contribution to this inherited Roth IRA Contract. The Interest in the Roth IRA Source Contract includes the amount of any outstanding rollover, transfer and recharacterization under Treasury Regulation Section 1.408-8 and the actuarial present value of any additional annuity contract benefits provided. The Interest in the Roth IRA Source Contract does not include any values or amounts of benefits which were provided under the Roth IRA Source Contract but are not directly transferred to this inherited Roth IRA Contract.

**SECTION [1.34] NON-SPOUSAL APPLICABLE PLAN BENEFICIARY:** 

"Non-spousal Applicable Plan Beneficiary" means the individual or "see-through trust" designated by the Deceased Participant as beneficiary under an Applicable Plan. If the beneficiary is an individual, he or she is not the surviving spouse of the Deceased Participant.

**SECTION [1.35] ROTH IRA SOURCE CONTRACT:** 

"Roth IRA Source Contract" means the Roth individual retirement arrangement under Sections 408A and 408 of the Code which is the source of the direct transfer Contribution to this inherited Roth IRA Contract. The Roth IRA Source Contract includes the original Roth individual retirement arrangement under Section 408A of the Code owned by the Deceased Owner and any successive contract to which the Owner previously transferred the remaining interest as a beneficiary under the Roth IRA Source Contract.

**SECTION [1.36] SEE-THROUGH TRUST:** 

A "see-through trust" means an irrevocable trust, valid under State law, the only beneficiaries of which are individuals, and which trust has met applicable documentation requirements under the regulations. Such "see-through trust" is described in Treasury Regulation Section 1.401(a)(9)-4.

**SECTION [1.37] SPECIAL SURVIVING SPOUSE:** 

"Special Surviving Spouse" means the individual who is both the Surviving Spouse of the Deceased Owner and the sole Designated Beneficiary under the Roth IRA Source Contract.

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**PART [IV]-CONTRIBUTIONS AND ALLOCATIONS** 

*The following is added at the end of the existing Section in your Contract:* 

**SECTION [4.02] LIMITS ON CONTRIBUTIONS** 

No Contributions will be accepted unless they are in United States currency. We reserve the right not to accept funds by electronic means unless they meet our specifications.

We indicate in the Data Pages and in this Section any limits on the type, source or amount of Contributions we will accept.

We do not accept regular Contributions out of compensation to this Contract. Except as otherwise indicated in this Section or the Data Pages, we will accept a single Contribution to this inherited Roth IRA Contract.

***If the Owner is a Non-spousal Applicable Plan Beneficiary***

We will accept a single direct rollover Contribution in accordance with Section 402(c)(11) of the Code of your interest as a beneficiary under the Deceased Participant's Applicable Plan. A distribution from an eligible retirement plan described in Section 402(c)(8)(B) of the Code other than an IRA may be rolled over as provided in any of the following applicable Sections of the Code: 402(c), 402(e)(6), 403(a)(4), 403(b)(8), 403(b)(10), and 457(e)(16). The rollover may be made from a designated Roth account under the Applicable Plan or it may be from other than a designated Roth account under the Applicable Plan. A rollover which is not from a designated Roth account under the Applicable Plan is a "conversion" rollover. Any lifetime Required Minimum Distribution payments which the Deceased Participant should have taken (up to and including for the last year of his or her life), but which have not been taken prior to the direct rollover to this inherited Roth IRA Contract, are not eligible to be directly rolled over as a Contribution to this Contract. No further Contributions can be made.

***If the Owner is a beneficiary under the Roth IRA Source Contract***

We will accept a single Contribution of a direct transfer of your interest as a beneficiary under the Roth IRA Source Contract.

A "direct transfer" Contribution is the transfer of amounts to this inherited Roth IRA Contract directly from an inherited Roth individual retirement account or another inherited Roth individual retirement annuity contract which meets the requirements of Sections 408A and 408 of the Code. Any Required Minimum Distribution payments which should have been taken, but which have not been taken prior to the direct transfer to this inherited Roth IRA Contract, are not eligible to be directly transferred as a Contribution to this Contract. Subject to our approval, you may make additional direct transfer Contributions to this inherited Roth IRA Contract from your interest as a beneficiary under another Roth individual retirement arrangement under Sections 408A and 408 of the Code of the same Deceased Owner which is being distributed over the same period.

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**PART [VII]-PAYMENT UPON DEATH** 

*The following is added at the end of the existing Section in your Contract:* 

**SECTION [7.01] BENEFICIARY** 

If the Owner is a custodial account we will pay the Death Benefit to the custodial account after the Annuitant's death. If the Owner is a "see-through trust", and no beneficiary is named or survives the Annuitant, we will pay any Death Benefit to the "see-through trust".

*The first paragraph of the following Section in your Contract is deleted and replaced with the following:* 

**SECTION [7.02] PAYMENT UPON DEATH** 

Upon receipt of due proof of your death before all amounts have been distributed under this Contract, we will make a lump sum payment of the Death Benefit under this Contract to the Designated Beneficiary unless the Designated Beneficiary elects to continue BCO Distributions as provided in the Section, "BCO Distributions—Post-Death Required Minimum Distribution Rules". If the Designated Beneficiary elects to continue BCO Distributions, the Annuity Account Value will be reset to the Death Benefit amount if it is greater. The Death Benefit is described in the Contract and in any applicable optional Death Benefit Rider, if elected.

*The following Section in your Contract is deleted:* 

**SECTION [7.03] MANNER OF PAYMENT** 

**PART [VIII] - ANNUITY BENEFITS** 

*The following language is added at the beginning of this Section in your Contract:* 

Sections [8.01] through [8.07] do not apply to this inherited Roth IRA Contract. The election of BCO Distributions under Section [8.08] below constitutes the Annuity Benefit under Part [VIII] of this Contract.

*The following new Section is added to your Contract:* 

**SECTION [8.08]—BCO DISTRIBUTIONS—POST-DEATH REQUIRED MINIMUM DISTRIBUTION RULES WHEN THE DECEASED OWNER OR DECEASED PARTICIPANT DIES AFTER DECEMBER 31, 2019** 

**A.**  **<u>Required BCO Distributions-General Rule:</u>** This Contract is subject to the
"Required Minimum Distribution" rules of Sections 408(b) and 401(a)(9) of the Code, including the Treasury Regulations that apply. Notwithstanding any provision of this Contract to the contrary, the distribution of your interest in this
inherited Roth IRA Contract must be made in accordance with the requirements of Section 408(b)(3) of the Code, as modified by Section 408A(c)(5) of the Code and the Treasury Regulations thereunder, the provisions of which are herein
incorporated by reference. The BCO Distributions under this inherited Roth IRA Contract must be paid in accordance with the Required Minimum Distribution rules of Sections 408 and 401(a)(9) of the Code and Treasury Regulation Sections 1.408-8 and 1.401(a)(9). To the extent that any payment, benefit, or distribution options available to you under this Contract conflict with the Code, the Code requirements prevail.

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**B.**  **<u>Required BCO Distributions-Designated Beneficiary</u>** 

If you are a Designated Beneficiary, your interest as a beneficiary in the Roth IRA Source Contract or Applicable Plan, as applicable, must be distributed from this Contract as follows:

General Rule: Subject to the exception for an Eligible Designated Beneficiary in this Subsection B, paragraph (2) below, your interest must be distributed by the end of the calendar year containing the tenth anniversary of the Deceased Owner's or Deceased Participant's death, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Exception for Eligible Designated Beneficiaries: If you are an Eligible Designated Beneficiary, your interest
must be distributed as permitted by us and applicable federal tax law:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) over your life, or over a period not extending beyond your life expectancy, starting no later than the calendar
year following the calendar year of the Deceased Owner's or Deceased Participant's death (or the end of the calendar year in which the Deceased Owner would have attained the "applicable age" as defined in Code
Section 401(a)(9)(C), if later and the sole Designated Beneficiary is the Deceased Owner's surviving spouse) (See subsection C below for special rules.), or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) by the end of the calendar year containing the tenth anniversary of the Deceased Owner's or Deceased
Participant's death, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Rules upon your death if you are an Eligible Designated Beneficiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) If you are an Eligible Designated Beneficiary and die before the portion of the interest to which this
Subsection B, paragraph (1)(i) above applies is entirely distributed, the remainder of such portion must be distributed by the end of the calendar year containing the tenth anniversary of your death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) If you are a Special Surviving Spouse and die before distributions under this Subsection B, paragraph (1)(i)
above begin, this Subsection B shall be applied as if you were the Deceased Owner.

For this purpose, distributions are considered to commence on the date distributions are required to begin to the surviving spouse under this Subsection B, paragraph (1)(i) above. However, if distributions start prior to the applicable date in the preceding sentence, on an irrevocable basis (except for acceleration) in the form of annuity payments meeting the requirements of Treasury Regulation Section 1.401(a)(9)-6 or any successor Regulation, then required distributions are considered to commence on the annuity starting date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Rules upon your death if you are a Designated Beneficiary who is not an Eligible Designated Beneficiary: If you
are a Designated Beneficiary who is not an Eligible Designated Beneficiary and die before the portion of the interest to which this Subsection B applies is entirely distributed, the remainder of such portion must be distributed by the end of the
calendar year containing the tenth anniversary of the Deceased Owner's or Deceased Participant's death, as applicable.

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**C. <u>Special Rules for Calculating Post-Death Requirement Minimum Distributions</u>** 

If you elect to take the post-death Required Minimum Distributions from this Contract, your interest will be distributed in accordance with this Subsection.

The BCO Distributions consist of payments no less frequently than annually beginning on the BCO Distribution Commencement Date. We will make these distributions at least once a calendar year in accordance with the Code and applicable Treasury Regulations. Subject to our approval, you may request more frequent than annual payments.

***How Payments Are Calculated***

The amount of each annual payment is determined by dividing your remaining entire interest in this inherited Roth IRA Contract as of the end of the calendar year prior to the payment by your remaining life expectancy. If the Owner of this Contract is a see-through trust, the Annuitant's life expectancy is used. For this purpose, your entire interest in this inherited Roth IRA Contract is the Annuity Account Value plus the actuarial present value of any additional annuity contract benefits. Where the Contribution is made to this inherited Roth IRA Contract after the end of that prior calendar year, we will calculate the initial payment using the value of your interest in the Roth IRA Source Contract or Applicable Plan (as applicable) as of the end of the prior calendar year. In no event shall a BCO Distribution exceed the remaining Annuity Account Value on the date of payment.

***How Life Expectancy is Determined***

Life expectancy is determined using the Single Life Table in Treasury Regulation Section 1.401(a)(9)-9, or any successor Regulation.

***General Rule***

Life expectancy is determined using your age as your birthday in the calendar year following the calendar year of the Deceased Owner's or Deceased Participant's death ("Base Year"). Your remaining life expectancy for a year is the number in the Single Life table corresponding to your age in the Base Year described in the preceding sentence and reduced by one (1) for each subsequent year. If the Owner of this Contract is a see-through trust, the Annuitant's life expectancy is used.

***Provisions Applicable to a Deceased Owner's Special Surviving Spouse***

If you are a Special Surviving Spouse, your life expectancy is determined each year beginning with the calendar year that includes the BCO Distribution Commencement Date. Your remaining life expectancy for a year is the number in the Single Life Table corresponding to your age in that year.

***Potential aggregation with other inherited Roth individual retirement arrangements.***

The Required Minimum Distributions payable to you with respect to this inherited Roth IRA Contract may be ***withdrawn*** from another of the Deceased Owner's Roth individual retirement arrangements in accordance with Treasury Regulation Section 1.408-8. If you do not take the post-death Required Minimum Distribution payments from this Contract, we will assume that you are taking them from another eligible inherited IRA that you hold. We may request that you document eligibility to take withdrawals from another Roth individual retirement arrangements inherited from the Deceased Owner.

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*The following new Section is added to your Contract:* 

**SECTION [8.09]—BCO DISTRIBUTIONS—POST-DEATH REQUIRED MINIMUM DISTRIBUTION RULES WHEN THE DECEASED OWNER OR DECEASED PARTICIPANT DIED ON OR BEFORE DECEMBER 31, 2019** 

This Contract is subject to the "Required Minimum Distribution" rules of Sections 408(b) and 401(a)(9) of the Code, including the Treasury Regulations that apply. Notwithstanding any provision of this Contract to the contrary, the distribution of your interest in this inherited Roth IRA Contract must be made in accordance with the requirements of Section 408(b)(3) of the Code, as modified by Section 408A(c)(5) of the Code and the Treasury Regulations thereunder, the provisions of which are herein incorporated by reference. The BCO Distributions under this inherited Roth IRA Contract must be paid in accordance with the Required Minimum Distribution rules of Sections 408 and 401(a)(9) of the Code and Treasury Regulation Sections 1.408-8 and 1.401(a)(9). To the extent that any payment, benefit, or distribution options available to you under this Contract conflict with the Code, the Code requirements prevail.

***If Required Minimum Distributions Had Commenced Under the Applicable Plan:***

If the Deceased Participant died on or after commencing lifetime Required Minimum Distribution payments, your interest as a beneficiary in the remaining portion of his or her interest in the Applicable Plan will continue to be distributed at least as rapidly as under the contract option chosen under the Applicable Plan. Any Required Minimum Distribution payments which should have been taken, but which have not been taken prior to the Contribution to the inherited Roth IRA Contract, are not eligible as a Contribution to this Contract.

***If Required Minimum Distributions Had Not Commenced Under the Applicable Plan or if you are the beneficiary under the Deceased Owner's Roth IRA Source Contract:***

If you are a Non-spousal Applicable Plan Beneficiary and the Deceased Participant died before commencing lifetime Required Minimum Distribution payments, or if you are a beneficiary under the Deceased Owner's Roth IRA Source Contract, your interest in the Roth IRA Source Contract or Applicable Plan will be distributed from this Contract as follows:

***General Rule***

Your interest in this inherited Roth IRA Contract will be distributed, starting on the BCO Distribution Commencement Date (no later than the end of the calendar year following the calendar year of the Deceased Owner's or Deceased Participant's death), over your remaining life expectancy, with such life expectancy determined using your age as of your birthday in the year following the year of the Deceased Owner's or Deceased Participant's death. If you die before you receive your entire interest in this Contract, the remainder of your interest must be distributed to your Beneficiary by the end of the calendar year containing the tenth anniversary of your death.

***Provisions Applicable to a Deceased Owner's Special Surviving Spouse***

If you are a Special Surviving Spouse, your interest in this inherited Roth IRA Contract will be distributed, over your life expectancy, starting on the BCO Distribution Commencement Date. Your BCO Distribution Commencement Date can be no later than the end of the calendar year in which the Deceased Owner would have attained the

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"applicable age" as defined in Code Section 401(a)(9)(C), or the end of the calendar year following the calendar year of the Deceased Owner's death, whichever is later.

If you die before the BCO Distribution Commencement Date, and before Required Minimum Distribution payments have commenced to you, your interest in this Contract will be distributed as if you were the Deceased Owner.

***How Payments Are Calculated***

The amount of each annual payment is determined by dividing your remaining entire interest in this inherited Roth IRA Contract as of the end of the calendar year prior to the payment by your remaining life expectancy. If the Owner of this Contract is a see-through trust, the Annuitant's life expectancy is used. For this purpose, your entire interest in this inherited Roth IRA Contract is the Annuity Account Value plus the actuarial present value of any additional annuity contract benefits (such as guaranteed death benefits). Where the Contribution is made to this inherited Roth IRA Contract after the end of that prior calendar year, we will calculate the initial payment using the value of your interest in the Roth IRA Source Contract or Applicable Plan as of the end of the prior calendar year. In no event shall a BCO Distribution exceed the remaining Annuity Account Value on the date of payment.

***How Life Expectancy is Determined***

Life expectancy is determined using the Single Life Table in Treasury Regulation Section 1.401(a)(9)-9, or any successor Regulation.

***General Rule***

Life expectancy is determined using your age as your birthday in the calendar year following the calendar year of the Deceased Owner's or Deceased Participant's death ("Base Year"). Your remaining life expectancy for a year is the number in the Single Life table corresponding to your age in the Base Year described in the preceding sentence and reduced by one (1) for each subsequent year. If the Owner of this Contract is a see-through trust, the Annuitant's life expectancy is used.

***Provisions Applicable to a Deceased Owner's Special Surviving Spouse***

If you are a Special Surviving Spouse, your life expectancy is determined each year beginning with the calendar year that includes the BCO Distribution Commencement Date. Your remaining life expectancy for a year is the number in the Single Life Table corresponding to your age in that year.

***How is it determined whether Required Minimum Distribution payments have commenced to a Special Surviving Spouse***

For purposes of this Section, Required Minimum Distribution payments are considered to begin to a Special Surviving Spouse by the date which is the later of the end of the calendar year following the calendar year of the Deceased Owner's death or the end of the calendar year in which the Deceased Owner would have attained the applicable age under Code Section 401(a)(9)(C).

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***Annual payments; potential aggregation with other inherited Roth individual retirement arrangements:***

This inherited Roth IRA Contract is designed to pay out at least annually the post-death Required Minimum Distribution payment calculated for the remaining portion of your Interest in the Roth IRA Source Contract or your Interest in the Deceased Participant's Applicable Plan directly transferred or rolled over to this Contract. The BCO Distributions consist of payments no less frequently than annually beginning on the BCO Distribution Commencement Date. We will make these distributions at least once a calendar year in accordance with the Code and applicable Treasury Regulations. Subject to our approval, you may request more frequent than annual payments. Payments must be made every year except as specifically indicated below.

In the circumstances described in this and the following paragraphs, if you have also been Designated Beneficiary under at least one other of the Deceased Owner's Roth individual retirement arrangements, you may choose to take the post-death Required Minimum Distribution payments calculated for this inherited Roth IRA Contract from another of the Deceased Owner's Roth individual retirement arrangements in accordance with Treasury Regulation Section 1.408-8. This provision directs that the post-death Required Minimum Distribution be calculated separately for each Roth IRA. The separately-calculated amounts may then be totaled and the total distribution taken from any one or more of the individual's Roth IRAs held as a beneficiary of the same decedent and which are being distributed under the life expectancy rule in Section 401(a)(9)(B)(iii) or (iv) of the Code.

For this purpose, the following individual retirement arrangements may not be aggregated with this inherited Roth IRA Contract:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an account or contract that you own not as a beneficiary, but as the Roth IRA owner in your own right;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an account or contract that you own as a Non-spousal beneficiary of a
deceased participant under an Applicable Plan, even if the deceased participant under such Plan is the same as the Deceased Owner named on the cover page and in the Data Pages;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an account or contract that you own as a beneficiary of the Deceased Owner named on the cover page and in the
Data Pages, if you have elected to take your interest in the account or contract by the end of the calendar year containing the fifth anniversary of the Deceased Owner's death in accordance with Section 401(a)(9)(B)(ii) of the Code; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a contract you have irrevocably annuitized under Treasury Regulation Section 1.401(a)(9)-6.

Distributions from Section 403(b) contracts, 403(b) custodial accounts, or traditional IRAs inherited from the Deceased Owner also will not satisfy the distribution requirements from inherited Roth IRAs.

In order for us to suspend a BCO Distribution that we would otherwise make, you must give us advance notice in accordance with our procedures at the time. We may request that you document eligibility to take withdrawals from another Roth individual retirement arrangement inherited from the Deceased Owner.

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**PART [X]-GENERAL PROVISIONS** 

*The following is added at the end of the existing Section in your Contract:* 

**SECTION [10.02 ] STATUTORY COMPLIANCE** 

If this Contract fails to qualify as an inherited Roth individual retirement annuity under Sections 408A(b), 408(b) and 408(d)(3)(C) of the Code, we will have the right to terminate this Contract. In that case, we will pay the Annuity Account Value less a deduction for the part which applies to any Federal income tax payable by you which would not have been payable with respect to an inherited Roth individual retirement annuity which meets the terms of Sections 408A(b), 408(b) and 408(d)(3)(C) of the Code.

*The following is added at the end of the existing Section in your Contract:* 

**SECTION [10.04] REPORTS AND NOTICES** 

We will send you a report as of the end of each calendar year showing the status of this Contract and any other reports required by the Code. We will also send to you information on Required Minimum Distributions as is prescribed by the Commissioner of Internal Revenue.

*The following Section in your Contract is deleted and replaced with the following:* 

**SECTION [10.05] ASSIGNMENTS AND TRANSFERABILITY** 

You may not transfer this Contract. No portion of your interest in this Contract or your rights under this Contract may be sold, assigned, pledged or transferred to any person other than the issuer of this Contract, or discounted, encumbered or pledged as collateral for a loan or as security for the performance of an obligation.

*The following new Section is added to your Contract:* 

**SECTION [10.10] CHANGE IN OWNER** 

The Ownership of this inherited Roth IRA Contract cannot be changed.

*The following new Section is added to your Contract:* 

**SECTION [10.11] OWNER AND ANNUITANT REQUIREMENTS** 

*Rules applicable to the Annuitant:* When this Contract is owned by an individual in his or her capacity as beneficiary the Owner must also be the Annuitant.

When this Contract is owned by a see-through trust in its capacity as beneficiary the Annuitant is determined in accordance with Code Section 401(a)(9) and the Treasury Regulations thereunder.

When this Contract is owned by a custodial inherited Roth IRA for benefit of an individual beneficiary of a deceased individual, the individual Designated Beneficiary of the Deceased Owner's Roth IRA Source Contract or the Deceased Participant's interest in the Applicable Plan, as the case may be, must be the Annuitant. When this Contract is owned by a custodial inherited Roth IRA for benefit of a see-through trust beneficiary of a deceased individual, the Annuitant is determined in accordance with Code Section 401(a)(9) and the Treasury Regulations thereunder.

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*Rules applicable to the Owner:* When this Contract is owned by an individual in his or her capacity as beneficiary of the Deceased Owner's Roth IRA Source Contract or the Deceased Participant's interest in the Applicable Plan, as the case may be, the Owner must also be the Annuitant.

The only permissible Non-Natural Owners are certain "see-through trust beneficiaries" or a trustee or custodian of an inherited Roth individual retirement account, also referred to in this Contract as a "custodial inherited Roth IRA." Subject to our approval, the only see-through trust permissible as a Non-Natural Owner under the Contract is a "see-through trust" described in Treasury Regulation Section 1.401(a)(9)-4, or any successor Regulation, and is permitted under Section 401(a)(9) of the Code, including the Treasury Regulations that apply, to take BCO Distributions under this Contract.

When this Contract is owned by a see-through trust, the trust must have been Designated Beneficiary under the Deceased Owner's Roth IRA Source Contract or the Deceased Participant's Applicable Plan, as the case may be.

When this Contract is owned by a custodial inherited Roth IRA, the IRA must meet the requirements of Sections 408A(b), 408(a) and 408(d)(3)(C) of the Code. It must be the Roth IRA Source Contract or it must be an inherited Roth individual retirement account newly and timely established by direct rollover from an Applicable Plan for the benefit of a beneficiary who is not the surviving spouse of a Deceased Participant. The custodial inherited Roth IRA must be maintained for the benefit of the Designated Beneficiary of the Deceased Owner or the Deceased Participant, as the case may be. If such beneficiary is an individual, that individual must also be the Annuitant. If such beneficiary is a see-through trust, the custodial inherited Roth IRA must designate the beneficiary of such trust determined in accordance with Code Section 401(a)(9) and the Treasury Regulations thereunder as the Annuitant.

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY** 

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| | |
|:---|:---|
| [ | [ |
| ![LOGO](g940225g84v43.jpg) | ![LOGO](g940225g87e97.jpg) |
| Mark Pearson, | José Ramón González |
| Chief Executive Officer] | Chief Legal Officer and Secretary] |

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## Ex-99.(27)(D)(7)

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY,** 

**domiciled in New York** 

**ENDORSEMENT APPLICABLE TO TRADITIONAL IRA CONTRACTS** 

This Endorsement is part of your Contract and its provisions apply in lieu of any Contract provisions to the contrary. In this Endorsement, "we", "our" and "us" mean Equitable Financial Life Insurance Company and "you" and "your" mean the Owner.

When issued with this Endorsement, and as specified in the Data Pages, this Contract is issued as an individual retirement annuity contract which meets the requirements of Section 408(b) of the Code ("IRA Contract"). The tax qualified provisions are being added to the Contract to comply with the requirements of the tax code. Compliance with the tax qualified provisions prevents loss of the advantages of tax deferral and prevents penalties.

This Contract is not offered as an Inherited Traditional IRA.

This IRA Contract is established for the exclusive benefit of you and your beneficiaries.

Your entire interest in this Contract is not forfeitable.

The provisions of this IRA Endorsement supersede any inconsistent provisions of the Contract or any other Rider or Endorsement.

The Effective Date of this Endorsement is your Contract Date.

If the Owner of this IRA Contract is a trustee or custodian under Section 408(a) of the Code and pertinent Regulations, this IRA Contract is an annuity contract that may be used to fund an individual retirement account that meets the requirements of Section 408(a) of the Code. In such a case "you" and "your" refer to the Annuitant where required by context, and the provisions of the custodial individual retirement account prevail during any period this Contract is owned by such a trustee or custodian.

**PART [I] – [GENERAL] DEFINITIONS** 

**SECTION [1.01] ANNUITANT** 

*The following is added at the end of the existing Section:* 

You must be both the Annuitant and the Owner, unless the Owner is a trustee or custodian of an individual retirement account under Section 408(a) of the Code.

If the Owner of this IRA Contract is a trustee or custodian of an individual retirement account under Section 408(a) of the Code, the Annuitant must be the individual for whose benefit the individual retirement account is maintained. Benefits under this IRA Contract are determined by the age of the Annuitant.

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*The following new Section is added to your Contract:* 

**SECTION [1.12A] ELIGIBLE DESIGNATED BENEFICIARY** 

"Eligible Designated Beneficiary" means, with respect to an Owner, any Beneficiary who is one of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. the surviving spouse of the Owner,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. disabled (within the meaning of Section 72(m)(7) of the Code),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. a chronically ill individual (within the meaning of Section 7702B(c)(2) of the Code, except that the
requirements of subparagraph (A)(i) thereof shall be treated as met only if there is a certification that, as of such date, the period of inability described in such subparagraph with respect to the individual is an indefinite one which is
reasonably expected to be lengthy in nature), or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. an individual not described in any of the preceding clauses of this paragraph and who is not more than 10 years
younger than the Owner.

Except to the extent that applicable federal tax law permits otherwise, the determination of whether a Beneficiary is an Eligible Designated Beneficiary shall be made as of the date of death of the Owner. For purposes of this Contract, a child of the Owner who has not reached majority (within the meaning of Section 401(a)(9)(F) of the Code is not considered an "Eligible Designated Beneficiary."

*The following is added at the end of the existing Section:* 

**SECTION [1.16] NON-NATURAL OWNER** 

Non-Natural Owners other than a trustee or custodial IRA Owner are not permitted.

*The existing Section is deleted and replaced by the following:* 

**SECTION [1.17] OWNER** 

"Owner" means the individual shown as such on the cover page and in the Data Pages, who must also be the Annuitant. Joint Owners are not permitted. The Owner of this Contract cannot be changed, unless the Owner is a trustee or custodian of an individual retirement account under Section 408(a) of the Code.

Where the Contract is purchased to fund an individual retirement account under Section 408(a) of the Code, the Owner must be a trustee or custodian meeting the requirements of that Section and pertinent Regulations. The Annuitant must be the individual for whose benefit the individual retirement account is maintained. If the Owner of this IRA Contract is a trustee or custodian of an individual retirement account under Section 408(a) of the Code, the Owner may be changed to a different trustee or custodian of an individual retirement account under Section 408(a) of the Code benefiting the Annuitant. In the alternative, the ownership may be changed to the Annuitant. When the Annuitant is the Owner, any provisions of this Endorsement relating to trustee or custodial ownership have no effect.

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*The following new Section is added to your Contract:* 

**SECTION [1.20A] REQUIRED MINIMUM DISTRIBUTION PAYMENTS.** 

"Required Minimum Distribution Payments" means the payments from or with respect to this IRA Contract that are required by Sections 408(b) and 401(a)(9) of the Code and which are described in the Section, "Required Minimum Distribution Rules."

**PART [IV] – CONTRIBUTIONS AND ALLOCATIONS** 

*The following is added at the end of the existing Section:* 

**SECTION [4.02] LIMITS ON CONTRIBUTIONS** 

No Contributions will be accepted unless they are in United States currency. We reserve the right not to accept funds by electronic means unless they meet our specifications.

We indicate in the Data Pages and in this Section any limits on the type, source or amount of Contributions we will accept.

The initial Contribution to this IRA Contract must be a rollover contribution or a direct transfer contribution described in paragraph (b) below. We do not offer this IRA Contract to fund employer-sponsored "Simplified Employee Pension" ("SEP") plans described in Section 408(k) of the Code or SIMPLE IRA plans described in Section 408(p) of the Code, so we do not accept contributions under those plans. We do not offer this IRA Contract as an Inherited IRA Contract so we do not accept direct transfer contributions from the Traditional IRA of a deceased IRA owner, nor do we accept direct rollover contributions from beneficiaries of deceased plan participants in eligible retirement plans.

*(a) "Regular" traditional IRA Contributions; Maximum Permissible Amount* 

*General.* Except in the case of a "rollover contribution" or a "direct transfer" contribution described in paragraph (b) below, or except as noted under "Age 50"+ and "Temporary or specially directed rules" below in this paragraph (a), the total of "regular" Traditional IRA contributions described in Section 219 of the Code will not exceed $7,000 for 2025 and years thereafter. This $7,000 annual dollar limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Section 219(b)(5)(C) of the Code. Such adjustments will be in multiples of $500.

*Age 50+.* If you are age 50 or older, the annual dollar limit on regular contributions is increased by $1,000. After 2024, this dollar amount may be adjusted by the Secretary of the Treasury for cost-of-living increases under Section 219(b)(5)(C) of the Code.

*Temporary or specially directed rules*. You may make additional contributions specifically authorized by statute if you are eligible to do so under temporary or specially directed rules, such as repayments of qualified reservist distributions, repayments of certain plan distributions made on account of a federally declared disaster, and other distribution repayments permitted under applicable law. We may request that you document your eligibility to make any such additional contributions.

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*(b) Rollover and Direct Transfer Contributions* 

A "rollover contribution" is one permitted by any of the following Sections of the Code: 402(c), 402(e)(6), 403(a)(4), 403(b)(8), 403(b)(10), 408(d)(3) and 457(e)(16). A "direct transfer" contribution is the transfer of amounts to this Contract directly from a traditional individual retirement account or another Traditional Individual Retirement Annuity Contract which meets the requirements of Section 408 of the Code.

*(c) SIMPLE IRA Limits* 

No Contributions will be accepted under a SIMPLE IRA plan established by any employer pursuant to Code Section 408(p). Also, no transfer or rollover of funds attributable to contributions made by a particular employer under its SIMPLE IRA plan will be accepted from a SIMPLE IRA, that is, an IRA used in conjunction with a SIMPLE IRA plan, prior to the expiration of the 2-year period beginning on the date you first participated in that employer's SIMPLE IRA plan.

**PART [VII] - PAYMENT UPON DEATH** 

*The following sentence is added at the end of the second paragraph of the existing Section:* 

**SECTION [7.01] BENEFICIARY** 

Unless you specifically elect in writing otherwise, we will treat each Beneficiary's share of the Death Benefit payable as a separate account for the benefit of each Beneficiary as described in Treasury Regulation Section 1.401(a)(9)-8 or any successor Regulation.

*The following is added at the end of the existing Section:* 

**SECTION [7.02] PAYMENT UPON DEATH** 

Payment upon death is subject to the "Required Minimum Distribution" rules of Sections 408(b) and 401(a)(9) of the Code. See the Section, "Required Minimum Distribution Rules".

Under either of the following two alternative circumstances a Death Benefit described in this Section will not be paid at your death before the Contract Maturity Date and the coverage under this Contract will continue as described in paragraph (1) or (2) below, whichever is applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) If you are married at your death, the person named as sole Beneficiary under the "Beneficiary"
Section of this Contract is your surviving spouse, and your surviving spouse, elects to become the Successor Owner Annuitant under the Spousal Continuation option under your Contract, then no Death Benefit is payable until after your surviving
spouse's death. An election (including a deemed election) described in this paragraph may be subject to limits and other requirements under Treasury Regulation Section 1.408-8 or any successor
Regulation.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) If the "Beneficiary Continuation Option" described in Section 7.04 is in effect, the entire
interest in this Contract will be paid out after your death under the Beneficiary Continuation Option in accordance with requirements described in Section 8.08, Part B (Required Minimum Distribution Rules-Payment After Your Death).

If the Owner and the Annuitant are different because the Owner of the Contract is a trustee or custodian under Section 408(a) of the Code and pertinent Regulations, in this Section "you" refers to the Annuitant, and your surviving spouse can be named successor Annuitant.

*The following new Section is added to your Contract:* 

**SECTION [7.04] BENEFICIARY CONTINUATION OPTION** 

This Section applies only if you die before the Contract Maturity Date, and the Beneficiary named under the "Beneficiary" Section of this Contract is an individual. With the exception of the following paragraph, this Section does not apply to any Beneficiary that is not an individual, and that non-individual Beneficiary's portion of the Death Benefit described in the "Payment Upon Death" Section of this Contract is payable to the Beneficiary.

Subject to our approval, this Section applies to a non-individual Beneficiary only if it is a "see-through trust" described in Treasury Regulation Section 1.401(a)(9)-4, or any successor Regulation, is the Beneficiary named in the "Beneficiary" Section of this Contract, and is permitted under Section 401(a)(9) of the Code, including the Treasury Regulations that apply, to continue this Contract.

If this Section applies and there is more than one Beneficiary, the Annuity Account Value (or if greater, the Death Benefit on the Benefit Transaction Date we receive all Beneficiary Requirements) will be apportioned among your Beneficiaries as you designate pursuant to the "Beneficiary" Section of this Contract.

If the Beneficiary qualifies to continue this Contract, and we receive that Beneficiary's completed election no later than September 30 of the calendar year following the calendar year of your death and before any contrary election is made, that Beneficiary may continue your Contract pursuant to this Section under the terms set forth in (a) through (h) below. Each such Beneficiary electing to continue his or her portion of the interest in this Contract is a "Continuation Beneficiary". For any Beneficiary who does not timely elect to continue his or her portion of the interest in this Contract, we will pay in a single sum that Beneficiary's share of the Death Benefit pursuant to the "Payment Upon Death" Section of this Contract.

The terms of the Beneficiary Continuation Option are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This Contract cannot be assigned and must continue in your name for benefit of your Continuation Beneficiary.
The Continuation Beneficiary may not assign his/her portion of the entire interest in this Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Continuation Beneficiary automatically becomes the successor Annuitant with respect to that Continuation
Beneficiary's portion of the entire interest in this Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Continuation Beneficiary may transfer amounts among the Investment Options with respect to that
Continuation Beneficiary's portion of the entire interest in this Contract.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Continuation Beneficiary cannot make any additional Contributions to this Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Distributions to the Continuation Beneficiary with respect to that Continuation Beneficiary's portion of
the entire interest in this Contract will be made in accordance with requirements described in Section 7.08, Part B (Required Minimum Distribution Rules–Payments After Your Death).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Beneficiary Continuation Option for an Eligible Designated Beneficiary is designed to pay out at least
annually the post-death Required Minimum Distribution payment calculated for a Continuation Beneficiary's portion of the entire interest in this Contract. If a Continuation Beneficiary elects to take all or part of any such Required Minimum
Distribution payment from another of your traditional individual retirement arrangements under which you also designated that Continuation Beneficiary as beneficiary, as described in Section 7.08, Part B (Required Minimum Distribution
Rules–Payments After Your Death) in order for us to suspend such payment, that Continuation Beneficiary must give us advance notice in accordance with our procedures at the time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) A Continuation Beneficiary may withdraw the Annuity Account Value apportioned to such Continuation Beneficiary
at any time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Upon a Continuation Beneficiary's death, we will make a single sum payment to the person designated by
the deceased Continuation Beneficiary to receive that deceased Continuation Beneficiary's portion of the Annuity Account Value, if any remains. In the alternative, the deceased Continuation Beneficiary's designated beneficiary may elect
to continue the payment method originally elected by the deceased Continuation Beneficiary subject to Section [8.08], Part [B] (Required Minimum Distribution Rules–Payments After Your Death).

**PART [VIII] - ANNUITY BENEFITS** *is changed to:*

**"ANNUITY BENEFITS AND REQUIRED MINIMUM DISTRIBUTIONS"** 

*The following new Section is added to your Contract:* 

**SECTION [8.08] REQUIRED MINIMUM DISTRIBUTION RULES** 

This Contract is subject to the "Required Minimum Distribution" rules of Sections 408(b) and 401(a)(9) of the Code, including the Treasury Regulations that apply. To the extent that any payment, benefit, or distribution options available to you under this Contract conflict with the Code, the Code requirements prevail.

Subsection A below describes the Required Minimum Distributions to be made during your lifetime. Subsection B below describes the Required Minimum Distributions to be made after your death, if you die before your entire interest in this Contract is distributed to you. The Required Minimum Distribution rules may be satisfied by either electing an Annuity Benefit or by taking withdrawals at least annually from or with respect to your entire interest in this Contract, all as subject to these rules.

If you choose annual withdrawals, your annual Required Minimum Distribution payments calculated for this Contract may be made from this Contract or from another individual retirement

ICC25-IRA 6

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arrangement that you maintain, pursuant to Treasury Regulation Section 1.408-8. If you do not take lifetime Required Minimum Distribution payments from this Contract, we will assume that you are taking them from another individual retirement arrangement that you maintain.

For purposes of both the "lifetime" Required Minimum Distribution rules and the Required Minimum Distribution rules after death, the following definitions and conditions apply:

*Your "entire interest" in this Contract for purposes of the Required Minimum Distribution Rules.* Unless otherwise provided under applicable federal tax law, your "entire interest" in this Contract includes the amount of any outstanding rollover, transfer and recharacterization under Treasury Regulation Section 1.408-8 or any successor Regulation and, in addition to the dollar amount credited, the actuarial present value of any additional benefits provided under this IRA Contract.

*Required Beginning Date*. Your "Required Beginning Date" is the first day of April following the calendar year in which you attain the "applicable age" as defined in Section 401(a)(9)(C) of the Code. This is the latest date when your lifetime Required Minimum Distribution payments with respect to this Contract can start.

*Designated Beneficiary.* The term "Designated Beneficiary" means any individual designated as your beneficiary. This term will be interpreted consistently with Code Section 401(a)(9)(E) and the Treasury Regulations thereunder.

**A. Required Minimum Distribution Rules -Payments During Your Life** 

Notwithstanding any provision of this Contract to the contrary, the distribution of your entire interest in this Contract must be made in accordance with the requirements of Section 408(b)(3) of the Code and the Treasury Regulations thereunder, the provisions of which are herein incorporated by reference. Prior to the date that this Contract is annuitized, the distribution of your interest in this Contract must satisfy the requirements of Section 408(a)(6) of the Code and the Regulations thereunder.

Unless otherwise permitted under applicable federal tax law, your entire interest in this Contract must be distributed or begin to be distributed no later than your Required Beginning Date defined above. Your entire interest may be distributed, as you elect under one of the following methods or any other method we may make available at such time that meets the requirements of the Code and the Treasury Regulations thereunder:

(i) a lump sum payment;

(ii) payments over your life;

(iii) payments over your life and the life of your Designated Beneficiary who is an Eligible Designated Beneficiary; or

(iv) payments over a period certain not extending beyond your life expectancy, or

(v) payments over a period certain not extending beyond the joint and last survivor expectancy of you and your Designated Beneficiary, who is an Eligible Designated Beneficiary.

Distributions in the form of annuity payments to satisfy the "lifetime" Required Minimum Distributions must be made in periodic payments at intervals of no longer than 1 year and must be either nonincreasing or they may increase only as provided in Code Section 401(a)(9)(J) and Treasury Regulation Section 1.401(a)(9)-6 or any successor Regulation. In addition, any distribution must satisfy the incidental benefit requirements in Treasury Regulation Section 1.401(a)(9)-6 or any successor Regulation.

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The distribution periods described in the second preceding paragraph cannot exceed the periods specified in Section 1.401(a)(9)-6 of the Treasury Regulations or any successor Regulation. The first lifetime Required Minimum Distribution payment can be made as late as April 1 of the year following the year you attain the applicable age and must be the payment that is required for one payment interval. The second payment need not be made until the end of the next payment interval.

**B. Required Minimum Distribution Rules – Payments After Your Death** 

*(a) If you die before the distribution of your entire interest and the beneficiary is a Designated Beneficiary:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) *General Rule:* Subject to the exception for an Eligible Designated Beneficiary in paragraph (a)(2), the
entire interest must be distributed by the end of the calendar year containing the tenth anniversary of your death (and at least as rapidly as the method of distribution required under Code Section 401(a)(9)(A)(ii) if you die on or after the
Required Beginning Date).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) *Exception for Eligible Designated Beneficiaries:* If any portion of your interest is payable to (or for
the benefit of) an Eligible Designated Beneficiary, such portion will be distributed as permitted by us and applicable federal tax law –

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) over the life of such Eligible Designated Beneficiary, or over a period not extending beyond the life
expectancy of such Eligible Designated Beneficiary, starting no later than the end of the calendar year following the calendar year of your death (or the end of the calendar year in which you would have attained the applicable age under Code
Section 401(a)(9)(C), if later, and the sole designated beneficiary is your surviving spouse), or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II) by the end of the calendar year containing the tenth anniversary of your death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) *Rules upon death of an Eligible Designated Beneficiary:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) If an Eligible Designated Beneficiary dies before the portion of your interest to which this paragraph
(a)(2)(I) applies is entirely distributed, the remainder of such portion must be distributed by the end of the calendar year containing the tenth anniversary of the Eligible Designated Beneficiary's death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II) If the Eligible Designated Beneficiary is your surviving spouse and your surviving spouse dies before
distributions to such spouse under paragraph (a)(2)(I) begin, this paragraph (a) shall be applied as if the surviving spouse were you.

For this purpose, distributions are considered to commence on the date distributions are required to begin to the surviving spouse under paragraph (a)(2)(I). However, if distributions start prior to the applicable date in the

ICC25-IRA 8

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preceding sentence, on an irrevocable basis (except for acceleration) in the form of annuity payments meeting the requirements of Treasury Regulation Section 1.401(a)(9)-6 or any successor Regulation, then required distributions are considered to commence on the annuity starting date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(4) Rules upon death of a Designated Beneficiary who is not an Eligible Designated Beneficiary:* If a Designated Beneficiary who is not an Eligible Designated Beneficiary dies before the portion of your interest to which this paragraph (a) applies is entirely distributed, the remainder of such portion must be distributed by the end of the calendar year containing the tenth anniversary of your death.

(b) If you die before the distribution of your entire interest under this annuity contract and the beneficiary is not a Designated Beneficiary, unless otherwise provided under applicable federal tax law, the remaining interest must be distributed as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) If you die on or after the Required Beginning Date (or die on or after the date annuity payments commence if distributions commence prior to the Required Beginning Date in the form of annuity payments in accordance with the provisions of Treasury Regulation Section 1.401(a)(9)-6 or any successor Regulation), the remaining interest must be distributed in accordance with Code Section 401(a)(9) and the Treasury Regulations thereunder at least as rapidly as under the method of distributions being used as of the date of your death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) If you die prior to the Required Beginning Date (and prior to the date annuity payments commence), the remaining interest must be distributed by the end of the calendar year containing the fifth anniversary of your death.

(c) Life expectancy for beneficiaries under this Contract is determined using the Single Life Table in Treasury Regulation Section 1.401(a)(9)-9 or any successor Regulation. If distributions are being made to a surviving spouse as the sole Designated Beneficiary, such spouse's remaining life expectancy for a calendar year is the number in the Single Life Table corresponding to such spouse's age in the year. In all other cases, remaining life expectancy for a calendar year is the number in the Single Life Table corresponding to the Beneficiary's age as of his or her birthday in the calendar year following the calendar year of your death and reduced by 1 for each subsequent year. If distributions are being made in the form of annuity payments, life expectancy will not be recalculated.

(d) If the sole Designated Beneficiary is your surviving spouse, and the Successor Owner Annuitant under Spousal Continuation option described in the Section, "Payment Upon Death" is in effect, distribution of your interest in this Contract need not be made until your surviving spouse's Required Beginning Date for lifetime Required Minimum Distributions described above in Subsection A of this Section, or your surviving spouse's death if earlier.

(e) Potential aggregation with your other traditional individual retirement arrangements*.* The required minimum distributions payable to a Beneficiary with respect to this IRA Contract (other than a distribution made in the form of an annuity payment) may be withdrawn from another IRA the Beneficiary holds from the same decedent in accordance with Treasury Regulation Section 1.408-8. We may request that a Beneficiary document eligibility to take withdrawals from another of your other traditional individual retirement arrangements.

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**PART [X] - GENERAL PROVISIONS** 

*The following is added at the end of the existing Section:* 

**SECTION [10.02] STATUTORY COMPLIANCE** 

If this Contract fails to qualify as an individual retirement annuity under Section 408(b) of the Code, we will have the right to terminate this Contract. We may do so, upon receipt of notice of such fact, before the Contract Maturity Date. In that case, we will pay the Annuity Account Value less a deduction for the part which applies to any Federal income tax payable by you which would not have been payable with respect to an individual retirement annuity which meets the terms of Sections 408(b) of the Code. However, we may also, at your request, transfer the Annuity Account Value to another annuity contract issued by an affiliate, subsidiary or us.

*The following is added at the end of the existing Section:* 

**SECTION [10.04] REPORTS AND NOTICES** 

We will send you a report as of the end of each calendar year showing the status of this Contract and any other reports required by the Code. We will also send to you information on Required Minimum Distributions as is prescribed by the Commissioner of Internal Revenue.

*The existing Section is deleted and replaced by the following:* 

**SECTION [10.05 ] ASSIGNMENTS AND TRANSFERABILITY** 

You may not transfer this Contract.

No portion of your interest in this Contract or your rights under this Contract may be sold, assigned, pledged or transferred to any person other than the issuer of this Contract, or discounted, encumbered or pledged as collateral for a loan or as security for the performance of an obligation.

*The following new Section is added to your Contract:* 

**SECTION [10.10] CHANGE IN OWNER** 

The Ownership of this IRA Contract cannot be changed.

Where this Contract is purchased to fund an individual retirement account under Section 408(a) of the Code, the Owner may be a trustee or custodian meeting the requirements of that Section and pertinent Regulations. The Annuitant must be the individual for whose benefit the individual retirement account is maintained. If the Owner of this IRA Contract is a trustee or custodian of an individual retirement account under Section 408(a) of the Code, the Owner may be changed to a different trustee or custodian of an individual retirement account under Section 408(a) of the Code benefiting the Annuitant. In the alternative, the ownership may be changed to the Annuitant. When the Annuitant is the Owner, any provisions of this Endorsement relating to trustee or custodial ownership have no effect.

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**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY** 

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| | |
|:---|:---|
| [ | [ |
| ![LOGO](g940225g84v43.jpg) | ![LOGO](g940225g87e97.jpg) |
| Mark Pearson, | José Ramón González, |
| Chief Executive Officer] | Chief Legal Officer and Secretary] |

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ICC25-IRA 11

## Ex-99.(27)(D)(8)

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY,** 

**domiciled in New York** 

**ENDORSEMENT APPLICABLE TO NON-QUALIFIED CONTRACTS** 

This Endorsement is part of your Contract and its provisions apply in lieu of any Contract provisions to the contrary. In this Endorsement, "we", "our" and "us" mean Equitable Financial Life Insurance Company and "you" and "your" mean the Owner.

The Effective Date of this Endorsement is your Contract Date.

**PART [I] – [GENERAL] DEFINITIONS** 

*The following new Section is added to your Contract:* 

**SECTION [1.15A] JOINT ANNUITANT** 

"Joint Annuitant" means the individual specified as such in the Data Pages.

*The following is added at the end of the existing Section in your Contract:* 

**SECTION [1.16] NON-NATURAL OWNER** 

If this Contract is titled with a Non-Natural Owner, then benefits under it are determined by the age of the Annuitant. If there is an ownership change under a Contract owned by a Non-Natural Owner to the Annuitant, the Annuitant continues to determine benefits under the Contract. If the Contract is titled with a Non-Natural Owner and issued with Joint Annuitants, for purposes of Payment Upon Death, then the Death Benefit is based on the second to die of the Joint Annuitants.

*The following is added at the end of the existing Section in your Contract:* 

**SECTION [1.17] OWNER** 

If a joint owner ("Joint Owner") is shown in the Data Pages, the Owner and Joint Owner possess an undivided interest in this Contract and must act jointly in exercising any ownership rights. Except for purposes of the "Owner Death Distribution Rules" in the Section, "Payment Upon Death," or as otherwise indicated, any reference to "you" and "your" in the Contract will apply to both the Owner and the Joint Owner.

**PART [VII] – PAYMENT UPON DEATH** 

*The following is added at the end of the existing Section in your Contract:* 

**SECTION [7.01] BENEFICIARY** 

If a Contract is jointly owned, the surviving Joint Owner will be deemed the Beneficiary, superseding any other inconsistent Beneficiary designation.

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If a Contract has a Non-Natural Owner and Joint Annuitants, the surviving Joint Annuitant, will be deemed to be the Beneficiary superseding any other Beneficiary designation.

Where a Contract is owned by a Non-Natural Owner, the death of the Annuitant will trigger payment of any applicable Death Benefit as described in the Section, "Payment Upon Death," except as otherwise provided in this paragraph. Where a Contract is owned by a Non-Natural Owner which is a "Living Trust" as defined in the last sentence of this paragraph, and if the named Annuitant's surviving spouse is the sole beneficiary of the trust, the trust may request that the surviving spouse be substituted as Annuitant (who is deemed Beneficiary) as of the date of the Annuitant's death, and the Contract continues. No further change of Annuitant will be permitted. Where a Joint Annuitant is named under a Contract owned by a Non-Natural Owner which is a trust, if at the time of the first Joint Annuitant's death, no Death Benefit is payable and, the trust may request that the surviving Annuitant continue the Contract under the second sentence of this paragraph. The Death Benefit will be payable upon the death of the surviving Joint Annuitant. Where a Joint Annuitant is named under a Contract owned by a Non-Natural Owner which is a trust, no Death Benefit is payable and the Contract continues if: (i) at the time of the first Joint Annuitant's death; (ii) the surviving Annuitant is the surviving spouse who is the sole beneficiary of the trust, unless otherwise not permitted under a Rider attached to this Contract; and (iii) the trust requests that the surviving Annuitant (and is deemed Beneficiary) continue the Contract. A Living Trust is a trust that meets the following conditions: (i) it is revocable at any time by the grantor, (ii) the grantor has exclusive control of the trust, (iii) no person other than the grantor has any interest in the trust during the grantor's lifetime, and (iv) the grantor's spouse is the sole beneficiary of the trust.

*The following is added at the end of the existing Section in your Contract:* 

**SECTION [7.02] PAYMENT UPON DEATH** 

The "Payment Upon Death" provisions of this Contract are subject to the "Owner Death Distribution Rules Under Section 72(s) of the Code" described below in this Section.

*Non-Natural Owner Contract:* Where a Contract is owned by a Non-Natural Owner, any applicable Death Benefit will be based on the death of the named Annuitant. Where a Joint Annuitant is named under a Contract, the death of the second to die of the Joint Annuitants will trigger payment of any applicable Death Benefit. For purposes of this Section, "you" refers to the Annuitant or the second to die of the Joint Annuitants, if applicable, when describing the effect of death under a Contract owned by a Non-Natural Owner.

Where a Joint Annuitant is named under the Contract, upon the death of the first Joint Annuitant to die, the Contract continues with the single remaining Annuitant, unless distribution is required under federal tax rules described further in this Endorsement. A Death Benefit is payable at the death of the remaining Annuitant.

*Joint Owner Contract:* Where a Contract is jointly owned, a Death Benefit is payable at the death of the second to die of the Joint Owners. For non-spousal Joint Owners, special rules apply as described in the section "Non-Spousal Contract Continuation". For purposes of this Section, "Payment Upon Death," "you" refers to the second to die of the Joint Owners when describing the effect of death under a Contract jointly owned

*Owner and Annuitant are different individuals*: If the Owner and Annuitant are different individuals, at the death of the Annuitant, the Owner becomes the new Annuitant and the

ICC25-NQ <br> 2

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Contract continues. No Death Benefit is payable until after the Owner's death. If the Contract is jointly owned and the Annuitant is not either of the two Owners, at the death of the Annuitant, the older Owner will become the Annuitant if the Owners do not designate a new Annuitant. Where a Joint Annuitant is named under the Contract, upon the death of the first Joint Annuitant, the Contract continues with the single remaining Annuitant unless distribution is required under federal tax rules described further in this Endorsement. Where a Joint Annuitant is named under the Contract and both Joint Annuitants die, then provisions of the first three sentences of this paragraph become operative.

***Owner Death Distribution Rules Under Section 72(s) of the Code***

Section 72(s) of the Code requires that where any annuity contract owner dies on or after the annuity starting date and before the entire interest in the annuity contract has been distributed, the remaining portion of the interest must be distributed at least as rapidly as under the method of distribution being used as of the date of death. Section 72(s) of the Code also requires that where any annuity contract owner dies before the annuity starting date, the entire interest in the annuity contract must be distributed within five years after the owner's death as described in Section 72(s)(1)(B) of the Code. For purposes of this Endorsement, this is called the "Five Year Rule".

If the beneficiary is an individual, in the alternative, payments must begin within one year after the owner's death as a life annuity or other permissible form of periodic payment, such as an installment option for a period of no longer than the life expectancy of the individual beneficiary, as described in Section 72(s)(2) of the Code. For purposes of this Endorsement, this is called the "One Year Rule".

However, if the beneficiary is the owner's surviving spouse, no payments of the owner's interest in the annuity contract are required until after the surviving spouse's death subject to the "Owner Death Distribution Rules" in the Section, "Payment Upon Death." If the owner is non-natural, then the death of the annuitant triggers the required payment. Where a Joint Annuitant is named under a Contract with a Non-Natural Owner, any applicable Death Benefit will be based on the second Joint Annuitant's death as described earlier in this Endorsement, however, the death of the primary Annuitant may require distributions described here if the Annuitants are not married at death.

***Owner Death Distribution Rules—Contract Continuation***

Under any of the following circumstances, if you die before the Contract] Maturity Date, the Death Benefit described in this Section, "Payment Upon Death", if applicable, will not be distributed in a single sum and the Contract will continue as described in subsections (1) through (5) below, whichever is applicable.

*(1) Single Owner Contract with a Non-Spousal Beneficiary(ies)* 

Upon the death of the Owner, a Death Benefit is payable. Your Beneficiary has the choice to request payment of the Death Benefit as (i) a single sum, (ii) an Annuity Benefit under Part [VIII] of this Contract, or (iii) payment of the Death Benefit under the NQ Beneficiary Continuation Option described in the Section, "NQ Beneficiary Continuation Option".

If the Death Benefit is paid in the form of an Annuity Benefit, the One Year Rule applies. Alternatively, the Beneficiary may elect to continue the Contract under the Five Year Rule, following the terms of the "NQ Beneficiary Continuation Option" described below in this Section. A Beneficiary must submit a timely claim with all Beneficiary Requirements in order to preserve the right to any payment or continuation option.

ICC25-NQ <br> 3

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If the Beneficiary does not affirmatively elect one of the payment of the Death Benefit options described in the first paragraph of this section, , then the default will be that the Beneficiary will be treated as having elected the Five Year Rule. That is, all amounts under the Contract must be distributed to the Beneficiary no later than the fifth anniversary after your death. If the Beneficiary fails to provide us with timely Beneficiary Requirements, all amounts under the Contract will be deemed distributed to the Beneficiary as of the fifth anniversary after your death.

Withdrawal Charges will no longer apply and no additional Contributions may be made to the Contract after your death.

*(2) Single Owner Contract with a Sole Spousal Beneficiary - Spousal Continuation as Successor Owner Annuitant* 

When the Owner dies, a Death Benefit is payable. However, if you are married at the time of your death and the only person named as your sole primary Beneficiary under the "Beneficiary" Section of this Contract is your surviving spouse and your surviving spouse elects to become the Successor Owner Annuitant under the Spousal Continuation option under your Contract, then no Death Benefit will be distributed under the Contract until after your surviving spouse's death. Your surviving spouse has the choice to request payment of the Death Benefit in a single sum, an Annuity Benefit under Part [VIII] of this Contract, or payment of the Death Benefit under the NQ Beneficiary Continuation Option described in the Section, "NQ Beneficiary Continuation Option".

Withdrawal Charges do not apply to the Annuity Account Value after your death. Withdrawal Charges will apply to new Contributions made by your surviving spouse to the Contract.

*(3) Joint Owner Contract - Spousal Continuation* 

The following Death Benefit and Spousal Continuation terms apply for Joint Owners who are spouses and for Contracts owned by a Non-Natural Owner with Joint Annuitants who are spouses. For Contracts owned by a Non-Natural Owner, reference below to "Joint Owner" is replaced with reference to "Joint Annuitant" and reference to "Owner" is replaced with "Annuitant".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) Upon the death of the first Joint Owner to die, the Joint Owner surviving spouse continues the Contract as the
sole Owner, subject to all Contract rules and no Death Benefit is payable until after your Joint Owner surviving spouse's death.

Withdrawal Charges continue to apply to the Annuity Account Value and any future Contributions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) Upon the death of the second Joint Owner, a Death Benefit is payable. Your beneficiary has the choice to
request payment of the Death Benefit in a single sum, an Annuity Benefit under Part [VIII] of this Contract, or payment of the Death Benefit under the NQ Beneficiary Continuation Option described in the Section, "NQ Beneficiary Continuation
Option". Any election relating to the manner of payment of a Death Benefit must be made no later than the applicable Benefit Transaction Date.

ICC25-NQ <br> 4

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(4) Joint Owner Contract - Non-Spousal Contract Continuation

The following Death Benefit Contract Continuation terms apply for Joint Owners that are not spouses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) Upon the death of the first Joint Owner to die, no Death Benefit is payable. The surviving Owner has the choice
to request payment of the Cash Value in (i) a single sum, (ii) an Annuity Benefit under Part [VIII] of this Contract, or (iii) payment of the Cash Value under the NQ Beneficiary Continuation Option described in the Section, "NQ
Beneficiary Continuation Option."

If the Cash Value is paid in the form of an Annuity Benefit, the One Year Rule applies. Alternatively, the surviving Owner may elect to continue the Contract under the terms of the "NQ Beneficiary Continuation Option" described below in this Section. The surviving Owner must submit a timely claim with all Beneficiary Requirements in order to preserve the right to any payment or continuation option.

If the surviving Owner does not affirmatively elect one of the payment of the Cash Value options described in the first paragraph of this section, then the default will be that the surviving Owner will be treated as having elected the Five Year Rule. That is, all amounts under the Contract must be distributed to the surviving Owner no later than the fifth anniversary after your death. If the surviving Owner fails to provide us with timely Beneficiary Requirements, all amounts under the Contract will be deemed distributed to the surviving Owner as of the fifth anniversary after your death.

Withdrawal Charges continue to apply. No additional Contributions are permitted under the Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) Upon the death of the second Joint Owner, a Death Benefit is payable. The Death Benefit will be distributed as
described in Section [7.04] NQ Beneficiary Continuation below..

*(5) Any Individual Beneficiary or Surviving Joint Owner - Election of the "NQ Beneficiary Continuation Option"* 

If the Owner, Joint Owner, Annuitant, or Joint Annuitant, whichever is applicable based on ownership, as shown in the Data Pages, dies before the Contract Maturity Date, a named Beneficiary or surviving Joint Owner who is an individual may elect to continue the Contract and have the Death Benefit or Cash Value, whichever is applicable, paid under the terms of the "NQ Beneficiary Continuation Option" described in the Section, "NQ Beneficiary Continuation Option".

ICC25-NQ <br> 5

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*The following is added at the end of the existing Section in your Contract:* 

**SECTION [7.03] MANNER OF PAYMENT** 

A Beneficiary may elect to apply a Death Benefit to an Annuity Benefit as described in Part [VIII] of the Contract. Any Death Benefit applied as an Annuity Benefit in Part [VIII] will be paid out over the life of the Beneficiary or for a period not exceeding the Beneficiary's life expectancy (such payments must begin in accordance with the "One Year Rule" described in the Section, "Payment Upon Death," and any Death Benefit that is not applied as an Annuity Benefit in Part [VIII] will be paid out in accordance with the "Five Year Rule" described in the Section, "Payment Upon Death."

*The following Section is added at the end of Part [VII] in your Contract:* 

**SECTION [7.04] NQ BENEFICIARY CONTINUATION OPTION** 

This Section applies only if you die before the Contract Maturity Date, and the Beneficiary named under the "Beneficiary" Section of this Contract is an individual. A Beneficiary who is a non-natural entity is not eligible to elect to continue coverage under the Contract as a "Continuation Beneficiary" under the NQ Beneficiary Continuation Option. This Section does not apply to any Beneficiary that is not an individual, and that non-individual Beneficiary's portion of the Death Benefit described in the "Payment Upon Death" Section of this Contract is payable to the Beneficiary in a lump sum.

If the Beneficiary qualifies to continue this Contract, and we receive that Beneficiary's completed election as provided below, each such Beneficiary electing to continue his or her portion of the interest in this Contract is a "Continuation Beneficiary". For any Beneficiary who does not timely elect to continue his or her portion of the interest in this Contract, we will pay in a single sum that Beneficiary's share of the Death Benefit or other portion of the interest in this Contract pursuant to the "Payment Upon Death" Section of this Contract.

The terms of the Beneficiary Continuation Option are as follows:

(i) The Continuation Beneficiary will automatically become the successor Owner with respect to that
individual's portion of the interest in the Contract.

(ii) We must receive an eligible individual's election to continue coverage under the Contract as a
"Continuation Beneficiary" under the NQ Beneficiary Continuation Option at our Processing Office within [nine (9) months] after your death and before the individual's share of the Death Benefit or interest in the Contract, as
applicable, is paid out in any manner inconsistent with that individual's election to continue the Contract under the NQ Beneficiary Continuation Option.

(iii) The Continuation Beneficiary may not assign his/her share of the interest in the Contract.

(iv) The Continuation Beneficiary may transfer amounts or make changes regarding an allocation to any Variable
Investment Option with respect to the Continuation Beneficiary's share of the interest in the Contract.

(v) Except as provided in Section [7.02] of this Contract, the Continuation Beneficiary may transfer amounts or
make changes regarding an allocation to any Segment with respect to the Continuation Beneficiary's share of the interest in the Contract. Amounts allocated to the Structured Investment Option may not have a Segment Maturity Date longer than
the remaining distribution period.

ICC25-NQ <br> 6

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(vi) The Continuation Beneficiary cannot make any additional Contributions to this Contract.

(vii) Distributions to the Continuation Beneficiary will be made in accordance with the Continuation
Beneficiary's election. The Continuation Beneficiary must take distribution of his/her share of the interest in the Contract in accordance with the One Year Rule or the Five Year Rule described above in the Section, "Payment Upon
Death", "Owner Death Distribution Rules Under Section 72(s) of the Code".

(viii) Withdrawal Rights: Withdrawals from his/her share of the interest in the Contract made by a Continuation
Beneficiary under the NQ Beneficiary Continuation Option are not subject to a Withdrawal Charge, if a Death Benefit is payable. If a Death Benefit was not payable, then withdrawals may be subject to a Withdrawal Charge, if one applies.

If the Continuation Beneficiary has elected to take distribution of his/her share of the interest in the Contract in accordance with the Five Year Rule, the Continuation Beneficiary may withdraw any portion of his/her share of the interest in the Contract at any time, with any amount of his/her share of the interest in the Contract remaining to be paid fully on the fifth anniversary of your death.

If the Continuation Beneficiary has elected to take distribution of his/her share of the interest in the Contract in accordance with the One Year Rule, the Continuation Beneficiary may withdraw any portion of his/her share of the interest in the Contract at any time. Payments will continue to be made to the Continuation Beneficiary as described in accordance with the One Year Rule, from his/her share of the interest in the Contract, as reduced by the withdrawal.

(ix) Death of the Continuation Beneficiary: Upon the Continuation Beneficiary's death, we will make a single
sum payment of any of his/her remaining share of the interest in the Contract to the person designated by the deceased Continuation Beneficiary to receive any such payment, unless the person designated by the deceased Continuation Beneficiary is
eligible to, and elects to, continue the payment method originally elected by the Continuation Beneficiary over any remaining life expectancy period of the Continuation Beneficiary.

*The following Section is added at the end of Part [VII] in your Contract:* 

**SECTION [7.05] EFFECT OF DIVORCE ON REQUIRED PAYMENTS AT DEATH** 

*Rules Applicable upon Divorce:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I. If the Owner of a single owned Contract notifies us in writing in a timely manner of his or her divorce, and in
accordance with the divorce decree ("Court Order"), requests that we change ownership under the Contract to his or her ex-spouse, we will permit such change of ownership under the Contract to the ex-spouse. Your ex-spouse must meet the age requirements under this Contract and must meet the age requirements for any applicable Rider(s) attached to this Contract.

ICC25-NQ <br> 7

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;II. If a Joint Owner notifies us in writing in a timely manner of his or her divorce, and in accordance with the
Court Order, requests that we (i) change ownership under the Contract to one of the Joint Owners as a single Owner Contract, or (ii) divide the Contract, we will permit such change as near as is practicable in accordance with the Court
Order.

The Contract will be subject to any Withdrawal Charges in effect. If a new Contract is issued to the ex-spouse, the new Contract will be subject to the Withdrawal Charges in the new Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;III. If the Contract was issued as a Joint Owner Contract and the Joint Owners subsequently divorce, and the
Contract is not split, then the Owner Death Distribution Rules described in section 7.02(4) shall apply.

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY** 

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| | |
|:---|:---|
| [ | [ |
| ![LOGO](g940225g84v43.jpg) | ![LOGO](g940225g87e97.jpg) |
| Mark Pearson, | José Ramón González |
| Chief Executive Officer] | Chief Legal Officer and Secretary] |

---

ICC25-NQ <br> 8

## Ex-99.(27)(D)(9)

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY,** 

**domiciled in New York** 

**ENDORSEMENT APPLICABLE TO QUALIFIED DEFINED BENEFIT PLANS** 

This Endorsement is part of your Contract and its provisions apply in lieu of any Contract provisions to the contrary. In this Endorsement, "we", "our" and "us" mean Equitable Financial Life Insurance Company and "you" and "your" mean the Owner.

When issued with this Endorsement, and as specified in the Data Pages, this Contract is issued as a "Qualified Plan Contract" to a trust under a defined benefit plan which meets the requirements of Section 401(a) of the Code. The tax qualified provisions are being added to the Contract to comply with the requirements of the tax Code. Compliance with the tax qualified provisions prevents loss of the advantages of tax deferral and prevents penalties.

The Effective Date of this Endorsement is your Contract Date.

**PART [I] – [GENERAL] DEFINITIONS** 

*The following is added at the end of the existing Section in your Contract:* 

**SECTION [1.01] ANNUITANT** 

The Annuitant must be a participant under the Plan.

*The following replaces the existing Section in your Contract:* 

**SECTION [1.13] EMPLOYER** 

"Employer" means an Employer that has adopted a Plan.

*The following replaces the last sentence of the existing Section in your Contract:* 

**SECTION [1.16] NON-NATURAL OWNER** 

Ownership of the Contract cannot be changed to an individual; except as provided in Section [6.03]; the Contract can be owned only by a Non-Natural Owner which is a trust for a plan qualified under Section 401(a) of the Code.

*The following Section in your Contract is deleted and replaced with the following:* 

**SECTION [1.17] OWNER** 

"Owner" means the trust for the Plan named in the Data pages. Individual Owners are not permitted.

ICC25-QPDB <br> Page 1

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*The following Section in your Contract is deleted and replaced with the following:* 

**SECTION [1.19] PLAN** 

**"**Plan" means a defined benefit plan that is established, maintained and qualified under Section 401(a) of the Code. The Plan is named in the Data pages.

**PART II – STRUCTURED INVESTMENT OPTION** 

*The following is added at the end of the existing Section in your Contract:* 

**SECTION [2.09] SEPARATE ACCOUNT FOR THE STRUCTURED INVESTMENT OPTION** 

For all Contracts that offer the Structured Investment Option, we hold in our Separate Account an amount equal to the Cash Values for the Structured Investment Option attributable to those Contracts. The Data Pages set forth the Separate Account(s). We have established this separate account and maintain it in accordance with the laws of the state of New York. Income, realized and unrealized gains and losses from the assets in this separate account are credited to or charged against it without regard to our other income, gains or losses. Assets are placed in this separate account to support the Contract and other annuity contracts. The assets of the separate account are our property. You do not participate in the performance of the separate account. We may transfer assets of the separate account in excess of reserves and other liabilities with respect to such account to another separate account or to our general account.

We may, at our discretion, invest assets of the account in any investment permitted by applicable law. We may rely exclusively on the opinion of counsel (including counsel in our employ) as to what investments we may make as law permits.

We have the right, subject to compliance with applicable law, to: (a) add new separate accounts to be used for the same purpose as the Separate Account shown in your Data Pages, (b) divide the separate account into two or more separate accounts to be used for the same purpose, and (c) combine this separate account with any other separate account that is used for the same purpose.

**PART [IV] – CONTRIBUTIONS AND ALLOCATIONS** 

*The following is added at the end of the existing Section in your Contract:* 

**SECTION [4.02] LIMITS ON CONTRIBUTIONS** 

We indicate in the Data Pages and in this Section any limits on the type, source or amount of Contributions we will accept.

This Qualified Plan Contract accepts only transfer contributions from other assets or investments under the existing defined benefit qualified Plan trust. The amount to be transferred is to be determined by the Plan's actuary in accordance with the Plan. Checks written on accounts held in the name of the Employer instead of the Plan or the trust will not be accepted. We do not accept contributions from the employee participant or contributions directly from the Employer.

ICC25-QPDB <br> Page 2

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**PART [VI] – WITHDRAWALS AND TERMINATION** 

*The following is added at the end of the existing Section in your Contract:* 

**SECTION [6.02] CONTRACT TERMINATION** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Owner directs us to pay out the Cash Value under this Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Plan ceases to be a Qualified Plan.

*The following new Section is added to your Contract:* 

**SECTION [6.03] SPECIAL CHANGE OF OWNERSHIP RULES** 

If the Owner instructs us that a distribution of this Contract is being made to the Annuitant from the Plan, then the Contract will cease to be a Qualified Plan Contract and will be converted to an individual retirement annuity contract or another appropriate contract according to our rules in effect at the time. This provision will not apply unless this a distribution made to one participant under the Plan who is also the Annuitant. The converted Contract will have the same Contract Date as this Contract.

*The following new Section is added to your Contract:* 

**SECTION [6.04**] **LOANS**

Loans are not available under this Qualified Plan Contract.

**PART [VII] – PAYMENT UPON DEATH** 

*The following replaces the existing Section in your Contract:* 

**SECTION [7.01] BENEFICIARY** 

The Owner of this Contract must be the Beneficiary who is to receive any death benefit ("Death Benefit") payable because of your death. No other Beneficiary may be named while the Annuitant is alive. After the death of the Annuitant but before the Death Benefit is paid, the Owner may instruct us in writing in a form we accept to make the Death Benefit payable to the Annuitant's beneficiary under the Plan.

Because the Contract is owned by a Non-Natural Owner, any applicable Death Benefit will be based on the death of the Annuitant. For purposes of this Section, "you" or "your" refer to the Annuitant when describing the Death Benefit under a Non-Natural Owner Contract.

ICC25-QPDB <br> Page 3

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**PART [X] – GENERAL PROVISIONS** 

*The following replaces the existing Section in your Contract:* 

**SECTION [10.05] ASSIGNMENTS AND TRANSFERABILITY** 

This Contract and any amounts payable pursuant to this Contract may not be sold, assigned, pledged, transferred, discounted, commuted, encumbered or pledged as collateral for a loan or as security for the performance of an obligation, except as permitted under applicable law. This restriction does not apply to actions required by a qualified domestic relations order as defined in Section 414(p) of the Code.

*The following new Section is added to your Contract:* 

**SECTION [10.10] CHANGE IN OWNER** 

The Ownership of this Contract cannot be changed, except as follows: (a) Ownership of this Contract may be transferred to a Non-Natural Owner which is a successor trust for a defined benefit plan qualified under Section 401(a) of the Code; or (b) If this Contract is distributed to an individual as described in Section [6.03]; this Contract must be changed to another type of contract which can be owned by an individual.

*The following new Section is added to your Contract:* 

**SECTION [10.11] OWNER'S RESPONSIBILITY** 

We will not make any payment under this Contract without instructions from the Owner in a form we accept and we will be fully discharged from any liability with respect thereto to the extent such payments are made pursuant to such instructions.

Further, it is the Owner's responsibility to determine that any payments under the Contract, including but not limited to the Annuity Benefit form elected and the payment intervals, are permitted under the terms of the Plan, the Employee Retirement Income Security Act 1974, the Code and any other applicable laws, rules and regulations.

*The following new Section is added to your Contract:* 

**SECTION [10.12] PLAN QUALIFICATION** 

A "Qualified Plan" is a plan that meets the requirements for qualification under Section 401(a) of the Code and is a defined benefit plan. The Owner is to provide evidence satisfactory to us that the Plan meets the requirements of Section 401(a) and is a Qualified Plan and any other status documents we may reasonably request. If at any time the Plan is no longer a Qualified Plan, the Owner is to give us prompt written notice thereof.

ICC25-QPDB <br> Page 4

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If the Owner gives notice that the Plan is no longer a Qualified Plan, then upon at least thirty days advance written notice to the Owner, we will terminate the Contract under Part [VI] and pay the Cash Value to the Owner.

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY** 

---

| | |
|:---|:---|
| [ | [ |
| ![LOGO](g940225g84v43.jpg) | ![LOGO](g940225g87e97.jpg) |
| Mark Pearson, | José Ramón González |
| Chief Executive Officer] | Chief Legal Officer and Secretary] |

---

ICC25-QPDB <br> Page 5

## Ex-99.(27)(D)(10)

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY,** 

**domiciled in New York** 

**ENDORSEMENT APPLICABLE TO** 

**QUALIFIED DEFINED CONTRIBUTION PLANS** 

This Endorsement is part of your Contract and its provisions apply in lieu of any Contract provisions to the contrary. In this Endorsement, "we", "our" and "us" mean Equitable Financial Life Insurance Company and "you" and "your" mean the Owner.

When issued with this Endorsement, and as specified in the Data Pages, this Contract is issued as a "Qualified Plan Contract" to a trust under a defined contribution plan which meets the requirements of Section 401(a) of the Code. The tax qualified provisions are being added to the Contract to comply with the requirements of the tax Code. Compliance with the tax qualified provisions prevents loss of the advantages of tax deferral and prevents penalties.

The Effective Date of this Endorsement is your Contract Date.

**PART [I] – [GENERAL] DEFINITIONS** 

*The following is added at the end of the existing Section in your Contract:* 

**SECTION [1.01] ANNUITANT** 

The Annuitant must be a participant under the Plan.

*The following replaces the existing Section in your Contract:* 

**SECTION [1.13] EMPLOYER** 

"Employer" means an Employer that has adopted a Plan.

*The following replaces the last sentence of the existing Section in your Contract:* 

**SECTION [1.16] NON-NATURAL OWNER** 

Ownership of the Contract cannot be changed to an individual, except as provided in Section [6.03]; the Contract can be owned only by a Non-Natural Owner which is a trust for a plan qualified under Section 401(a) of the Code.

*The following Section in your Contract is deleted and replaced with the following:* 

**SECTION [1.17] OWNER** 

"Owner" means the trust for the Plan named in the Data pages. Individual Owners are not permitted.

ICC25-QPDC <br> Page 1

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*The following Section in your Contract is deleted and replaced with the following:* 

**SECTION [1.19] PLAN** 

"Plan" means a defined contribution plan that is established, maintained and qualified under Section 401(a) of the Code. The Plan is named in the Data pages.

**PART II – STRUCTURED INVESTMENT OPTION** 

*The following is added at the end of the existing Section in your Contract:* 

**SECTION [2.09] SEPARATE ACCOUNT FOR THE STRUCTURED INVESTMENT OPTION** 

For all Contracts that offer the Structured Investment Option, we hold in our Separate Account an amount equal to the Cash Values for the Structured Investment Option attributable to those Contracts. The Data Pages set forth the Separate Account(s). We have established this separate account and maintain it in accordance with the laws of the state of New York. Income, realized and unrealized gains and losses from the assets in this separate account are credited to or charged against it without regard to our other income, gains or losses. Assets are placed in this separate account to support the Contract and other annuity contracts. The assets of the separate account are our property. You do not participate in the performance of the separate account. We may transfer assets of the separate account in excess of reserves and other liabilities with respect to such account to another separate account or to our general account.

We may, at our discretion, invest assets of the account in any investment permitted by applicable law. We may rely exclusively on the opinion of counsel (including counsel in our employ) as to what investments we may make as law permits.

We have the right, subject to compliance with applicable law, to: (a) add new separate accounts to be used for the same purpose as the Separate Account shown in your Data Pages, (b) divide the separate account into two or more separate accounts to be used for the same purpose, and (c) combine this separate account with any other separate account that is used for the same purpose.

**PART [IV] - CONTRIBUTIONS AND ALLOCATIONS** 

*The following is added at the end of the existing Section in your Contract:* 

**SECTION [4.02] LIMITS ON CONTRIBUTIONS** 

We indicate in the Data Pages and in this Section any limits on the type, source or amount of Contributions we will accept.

This Qualified Plan Contract accepts only transfer contributions from other assets or investments under the existing defined contribution qualified Plan trust. Checks written on accounts held in the name of the Employer instead of the Plan or the trust will not be accepted. We do not accept contributions from the employee participant or contributions directly from the Employer. If the Plan contains a cash or deferred arrangement qualified under Section 401(k) of the Code, no employee after-tax contributions are accepted, and no "designated Roth contribution account" is available under this Qualified Plan Contract.

ICC25-QPDC <br> Page 2

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**PART [VI] - WITHDRAWALS AND TERMINATION** 

*The following is added at the end of the existing Section in your Contract:* 

**SECTION [6.02] CONTRACT TERMINATION** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Owner directs us to pay out the Cash Value under this Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Plan ceases to be a Qualified Plan.

*The following new Section is added to your Contract:* 

**SECTION [6.03] SPECIAL CHANGE OF OWNERSHIP RULES** 

If the Owner instructs us that a distribution of this Contract is being made to the Annuitant from the Plan, then the Contract will cease to be a Qualified Plan Contract and will be converted to an individual retirement annuity contract or another appropriate contract according to our rules in effect at the time. This provision will not apply unless this is a distribution made to one participant under the Plan who is also the Annuitant. The converted Contract will have the same Contract Date as this Contract.

*The following new Section is added to your Contract:* 

**SECTION [6.04] LOANS** 

Loans are not available under this Qualified Plan Contract.

**PART [VII]- PAYMENT UPON DEATH** 

*The following replaces the existing Section in your Contract:* 

**SECTION [7.01] BENEFICIARY** 

The Owner of this Contract must be the Beneficiary who is to receive any death benefit ("Death Benefit") payable because of your death. No other Beneficiary may be named while the Annuitant is alive. After the death of the Annuitant but before the Death Benefit is paid, the Owner may instruct us in writing in a form we accept to make the Death Benefit payable to the Annuitant's beneficiary under the Plan.

Because the Contract is owned by a Non-Natural Owner, any applicable Death Benefit will be based on the death of the Annuitant. For purposes of this Section, "you" or "your" refer to the Annuitant when describing the Death Benefit under a Non-Natural Owner Contract.

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**PART [X] - GENERAL PROVISIONS** 

*The following replaces the existing Section in your Contract:* 

**SECTION [10.05] ASSIGNMENTS AND TRANSFERABILITY** 

This Contract and any amounts payable pursuant to this Contract may not be sold, assigned, pledged, transferred, discounted, commuted, encumbered or pledged as collateral for a loan or as security for the performance of an obligation, except as permitted under applicable law. This restriction does not apply to actions required by a qualified domestic relations order as defined in Section 414(p) of the Code.

*The following new Section is added to your Contract:* 

**SECTION [10.10] CHANGE IN OWNER** 

The Ownership of this Contract cannot be changed, except as follows:

(a) Ownership of this Contract may be transferred to a Non-Natural Owner which is a successor trust for a defined contribution plan qualified under Section 401(a) of the Code; or (b) If this Contract is distributed to an individual as described in Section [6.03]; this Contract must be changed to another type of contract which can be owned by an individual.

*The following new Section is added to your Contract:* 

**SECTION [10.11] OWNER'S RESPONSIBILITY** 

We will not make any payment under this Contract without instructions from the Owner in a form we accept and we will be fully discharged from any liability with respect thereto to the extent such payments are made pursuant to such instructions.

The Owner is responsible for requesting any payments to meet required minimum distribution rules under Section 401(a)(9) of the Code.

*The following new Section is added to your Contract:* 

**SECTION [10.12] PLAN QUALIFICATION** 

A "Qualified Plan" is a plan that meets the requirements for qualification under Section 401(a) of the Code and is a defined contribution plan. The Owner is to provide evidence satisfactory to us that the Plan meets the requirements of Section 401(a) and is a Qualified Plan and any other status documents we may reasonably request. If at any time the Plan is no longer a Qualified Plan, the Owner is to give us prompt written notice thereof.

If the Owner gives notice that the Plan is no longer a Qualified Plan, then upon at least thirty days advance written notice to the Owner, we will terminate the Contract under Part [VI] and pay the Cash Value to the Owner.

ICC25-QPDC <br> Page 4

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**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY** 

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| | |
|:---|:---|
| [ | [ |
| ![LOGO](g940225g84v43.jpg) | ![LOGO](g940225g87e97.jpg) |
| Mark Pearson, | José Ramón González |
| Chief Executive Officer] | Chief Legal Officer and Secretary] |

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ICC25-QPDC <br> Page 5

## Ex-99.(27)(D)(11)

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY,** 

**domiciled in New York** 

**ENDORSEMENT APPLICABLE TO ROTH IRA CONTRACTS** 

This Endorsement is part of your Contract and its provisions apply in lieu of any Contract provisions to the contrary. In this Endorsement, "we", "our" and "us" mean Equitable Financial Life Insurance Company and "you" and "your" mean the Owner.

When issued with this Endorsement, and as specified in the Data Pages, this Contract is issued as a Roth individual retirement annuity contract which meets the requirements of Sections 408A(b) and 408(b) of the Code ("Roth IRA Contract"). The tax qualified provisions are being added to the contract to comply with the requirements of the tax code. Compliance with the tax qualified provisions prevents loss of the advantages of tax deferral and prevents penalties.

This Contract is not offered as an Inherited Roth IRA.

This Roth IRA Contract is established for the exclusive benefit of you and your beneficiaries.

Your entire interest in this Contract is not forfeitable.

The provisions of this Roth IRA Endorsement supersede any inconsistent provisions of the Contract or any other Rider or Endorsement.

The Effective Date of this Endorsement is your Contract Date.

If the Owner of this Roth IRA Contract is a trustee or custodian under Sections 408(a) and 408A(b) of the Code and pertinent Regulations, this Roth IRA Contract is an annuity contract that may be used to fund a Roth IRA that meets the requirements of Sections 408(a) and 408A(b) of the Code. In such a case "you" and "your" refer to the Annuitant where required by context, and the provisions of the custodial Roth Individual Retirement Account prevails during any period this Contract is owned by such a trustee or custodian.

**PART [I] – [GENERAL] DEFINITIONS** 

**SECTION [1.01] ANNUITANT** 

*The following is added at the end of the existing Section:* 

You must be both the Annuitant and the Owner, unless the Owner is a trustee or custodian of a Roth IRA under Sections 408(a) and 408A(b) of the Code.

If the Owner of this Roth IRA Contract is a trustee or custodian of a Roth IRA under Sections 408(a) and 408A(b) of the Code, the Annuitant must be the individual for whose benefit the Roth IRA is maintained. Benefits under this Roth IRA Contract are determined by the age of the Annuitant.

ICC25-ROTH

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*The following new Section is added to your Contract:* 

**SECTION [1.12A] ELIGIBLE DESIGNATED BENEFICIARY** 

"Eligible Designated Beneficiary" means, with respect to an Owner, any Beneficiary who is one of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. the surviving spouse of the Owner,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. disabled (within the meaning of Section 72(m)(7) of the Code),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. a chronically ill individual (within the meaning of Section 7702B(c)(2) of the Code, except that the
requirements of subparagraph (A)(i) thereof shall be treated as met only if there is a certification that, as of such date, the period of inability described in such subparagraph with respect to the individual is an indefinite one which is
reasonably expected to be lengthy in nature), or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. an individual not described in any of the preceding clauses of this paragraph and who is not more than 10 years
younger than the Owner.

Except to the extent that applicable federal tax law permits otherwise, the determination of whether a Beneficiary is an Eligible Designated Beneficiary shall be made as of the date of death of the Owner. For purposes of this Contract, a child of the Owner who has not reached majority (within the meaning of Section 401(a)(9)(F) of the Code is not considered an "Eligible Designated Beneficiary.

*The following is added at the end of the existing Section:* 

**SECTION [1.16**] **NON-NATURAL OWNER**

Non-natural Owners other than a trustee or custodial Roth IRA Owner are not permitted.

*The existing Section is deleted and replaced by the following:* 

**SECTION [1.17] OWNER** 

"Owner" means the individual shown as such on the cover page and in the Data Pages, who must also be the Annuitant. Joint Owners are not permitted. The Owner of this Contract cannot be changed, unless the Owner is a trustee or custodian of a Roth IRA under Sections 408(a) and 408A(b) of the Code.

Where the Contract is purchased to fund a Roth IRA under Sections 408(a) and 408A(b) of the Code, the Owner must be a trustee or custodian meeting the requirements of those Sections and pertinent Regulations. The Annuitant must be the individual for whose benefit the Roth IRA is maintained. If the Owner of this Roth IRA Contract is a trustee or custodian of a Roth IRA under Sections 408(a) and 408A(b) of the Code, the Owner may be changed to a different trustee or custodian of a Roth IRA under Sections 408(a) and 408A(b) of the Code benefiting the Annuitant. In the alternative, the ownership may be changed to the Annuitant. When the Annuitant is the Owner, any provisions of this Endorsement relating to trustee or custodial ownership have no effect.

ICC25-ROTH 2

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*The following new Section is added to your Contract:* 

**SECTION [1.20A] REQUIRED MINIMUM DISTRIBUTION PAYMENTS.** 

"Required Minimum Distribution Payments " means the payments from or with respect to this Roth IRA Contract that are required by Sections 408(b) and 401(a)(9) of the Code and which are described in the Section, "Required Minimum Distribution Rules—Payments After Your Death."

**PART [IV] – CONTRIBUTIONS AND ALLOCATIONS** 

*The following is added at the end of the existing Section:* 

**SECTION [4.02] LIMITS ON CONTRIBUTIONS** 

No Contributions will be accepted unless they are in United States currency. We reserve the right not to accept funds by electronic means unless they meet our specifications.

We indicate in the Data Pages and in this Section any limits on the type, source or amount of Contributions we will accept.

Except as otherwise indicated in this Section or the Data Pages, we will accept the following types of Contributions, discussed below, to this Roth IRA Contract: (i) "regular" Roth IRA contributions; (ii) rollover Contributions from another Roth IRA; (iii) "conversion" rollover contributions from a "traditional" IRA (also referred to as a "non-Roth IRA"), or another source of conversion rollover contributions as described below; or (iv) direct custodian-to-custodian transfers from another Roth IRA or another Roth individual annuity contract which meets the requirements of Sections 408 and 408A of the Code or (v) any other contributions permitted by us and applicable federal tax law.

The initial Contribution to this Roth IRA Contract must be a rollover contribution described in paragraph (d) below or a direct transfer contribution described in paragraph (e) below.

We do not offer this Roth IRA Contract as an Inherited Roth IRA Contract so we do not accept direct transfer contributions from the Roth IRA of a deceased Roth IRA Owner, nor do we accept direct rollover contributions from beneficiaries of deceased plan participants in eligible retirement plans.

*(a) Regular Roth IRA Contributions; Maximum Permissible Amount* 

Except in the case of a direct custodian-to-custodian transfer from another Roth IRA, a "qualified rollover contribution" or a "recharacterization" as defined below in this Section, the total of "regular" Roth IRA contributions to all your Roth IRAs for a taxable year does not exceed the "applicable amount" as defined below in this Section, or your "compensation" as defined below in this Section, if less, for that taxable year. The contribution described in the previous sentence that may not exceed the lesser of the "applicable amount" or your "compensation" is referred to as a "regular" Roth IRA contribution. Contributions may be limited under paragraphs (c) through (i) of this Section below. Additional amounts may be contributed under "Temporary or specially directed rules" below in paragraph (b-1).

ICC25-ROTH 3

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*(b) Regular Roth IRA Contributions; Applicable Amount* 

If you are under age 50, the applicable amount is $7,000 for 2025 and years thereafter. If you are age 50 or older, the applicable amount is increased by $1,000.

These limits will be adjusted by the Secretary of the Treasury for cost-of-living increases under Section 219(b)(5)(C) of the Code. Such adjustments will be in multiples of $500.

*(b-1) Temporary or specially directed rules*. You may make additional regular Roth IRA contributions specifically authorized by statute if you are eligible to do so under temporary or specially directed rules, such as repayments of qualified reservist distributions, certain plan distributions made on account of a federally declared disaster and other distribution repayments permitted under applicable law. We may request that you document your eligibility to make any such additional regular Roth IRA contributions.

*(c) Regular Roth IRA Contribution Limits Based on Modified Adjusted Gross Income* 

If paragraph (c)(i) and/or (c)(ii) of this Section apply, the maximum regular contribution that can be made to all your Roth IRAs for a taxable year is the smaller amount determined under paragraph (c)(i) or (c)(ii) of this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The maximum regular Roth IRA contribution is phased out ratably between certain levels of modified adjusted gross income ("modified AGI," described in paragraph (h) of this Section below) in accordance with the following table for 2025:

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| | | | |
|:---|:---|:---|:---|
| **Filing Status** | **Full Contribution** | **Phase-Out Range** | **No Contribution** |
| **Modified AGI** | **Modified AGI** | **Modified AGI** | **Modified AGI** |
| Single or Head of Household | $150,000 or less | Between $150,000 and $165,000 | $165,000 or more |
| Joint Return or Qualifying Widow(er) | $236,000 or less | Between $236,000 and $246,000 | $246,000 or more |
| Married – Separate Return | $0 | Between $0 and $10,000 | $10,000 or more |

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If your modified AGI for a taxable year is in the phase-out range, the maximum regular contribution determined under this table for that taxable year is rounded up to the next multiple of $10 and is not reduced below $200. The dollar amounts above will be adjusted by the Secretary of the Treasury for cost-of-living increases under Section 408A(c)(3) of the Code. Such adjustments will be in multiples of $1,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) If you make regular contributions to both Roth and traditional IRAs for a taxable year, the maximum regular contribution that can be made to all your Roth IRAs for that taxable year is reduced by the regular contributions made to your traditional IRAs for the taxable year.

ICC25-ROTH 4

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*(d) "Qualified Rollover" or "Conversion Rollover" Contributions* 

A "qualified rollover contribution" is a rollover contribution of a distribution from an eligible retirement plan described in Section 402(c)(8)(B) of the Code. If the distribution is from an IRA, the rollover must meet the requirements of Section 408(d)(3) of the Code, except the one-rollover-per-year rule of Section 408(d)(3)(B) of the Code does not apply if the rollover contribution is from a traditional IRA. If the distribution is from an eligible retirement plan other than an IRA, the rollover must meet the requirements one of the following applicable Sections of the Code: 402(c), 402(e)(6), 403(a)(4), 403(b)(8), 403(b)(10), 408(d)(3) and 457(e)(16). A qualified rollover contribution also includes (i) through (iii) below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) All or part of a military death gratuity or servicemembers' group life insurance ("SGLI") payment may be contributed if the contribution is made within one (1) year of receiving the gratuity or payment. Such contributions are disregarded for purposes of the one-rollover-per-year rule under Section 408(d)(3)(B) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) All or part of an airline payment (as defined in Section 125 of the Worker, Retiree, and Employer Recovery Act of 2008 ("WRERA"), Pub. L. 110-458) received by certain airline employees may be contributed if the contribution is made within 180 days of receiving the payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) A rollover contribution from a qualified tuition program to the extent provided in Section 529(c)(3)(E). Unless otherwise provided by federal tax law, such a rollover contribution will reduce the regular contribution limit described above for the year of the rollover, but is not subject to the modified AGI limits described above.

*(e) Direct Transfer Contributions* 

A "direct transfer" contribution is the transfer of amounts to this Contract directly from a Roth IRA or another Roth individual retirement annuity Contract which meets the requirements of Sections 408 and 408A(b) of the Code.

*(f) SIMPLE IRA Limits* 

No Contributions will be accepted under a SIMPLE IRA plan established by any employer pursuant to Code Section 408(p). Also, no transfer or rollover of funds attributable to contributions made by a particular employer under its SIMPLE IRA plan will be accepted from a SIMPLE IRA, that is, an IRA used in conjunction with a SIMPLE IRA plan, prior to the expiration of the 2-year period beginning on the date you first participated in that employer's SIMPLE IRA plan.

*(g) Recharacterization* 

A regular contribution to a traditional IRA may be recharacterized pursuant to the rules in Treasury Regulation Section 1.408A-5, or any successor Regulation, as a regular contribution to this Roth IRA, subject to the limits in paragraph (c) of this Section above.

ICC25-ROTH 5

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*(h) Modified AGI* 

For purposes of paragraph (c) of this Section above, an individual's modified AGI for a taxable year is defined in Section 408A(c)(3)(B)(i) of the Code and does not include any amount included in adjusted gross income as a result of a "conversion rollover" (a rollover from an eligible retirement plan other than a Roth IRA).

*(i) Definition of Compensation for Purposes of Regular Roth IRA Contributions* 

For purposes of paragraph (a) of this Section above, "compensation" is defined as wages, salaries, professional fees, or other amounts derived from or received for personal services actually rendered (including, but not limited to commissions paid salesmen, compensation for services on the basis of a percentage of profits, commissions on insurance premiums, tips, and bonuses) and includes earned income, as defined in Section 401(c)(2) of the Code (reduced by the deduction the self-employed individual takes for contributions made to a self-employed retirement plan). For purposes of this definition, Section 401(c)(2) of the Code shall be applied as if the term trade or business for purposes of Section 1402 of the Code included service described in Section 1402 (c)(6) of the Code. Compensation does not include amounts derived from or received as earnings or profits from property (including but not limited to interest and dividends) or amounts not includible in gross income (determined without regard to Section 112 of the Code). Compensation also does not include any amount received as a pension or annuity or as deferred compensation. The term "compensation" shall include any amount includible in the individual's gross income under Section 71 of the Code with respect to a divorce or separation instrument described in Section 71(b)(2)(A) of the Code, if executed on or before December 31, 2018, and not modified after that date to provide otherwise. If you are married and file a joint Federal income tax return with your spouse, and if your spouse has greater compensation than you do, you may treat your spouse's compensation as your own compensation, but only to the extent that your spouse's compensation is not being used for purposes of the spouse making an IRA contribution. The term "compensation" also includes any differential wage payments as defined in Section 3401(h)(2) of the Code and any amount which is included in income and paid to aid you in the pursuit of graduate or postdoctoral study as described in Section 219(f)(1) of the Code.

ICC25-ROTH 6

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**PART [VII] – PAYMENT UPON DEATH** 

*The following sentence is added at the end of the second paragraph of the existing Section:* 

**SECTION [7.01] BENEFICIARY** 

Unless you specifically elect in writing otherwise, we will treat each Beneficiary's share of the Death Benefit payable as a separate account for the benefit of each Beneficiary as described in Treasury Regulation Section 1.401(a)(9)-8 or any successor Regulation.

*The following is added at the end of the existing Section:* 

**SECTION [7.02] PAYMENT UPON DEATH** 

Payment upon death is subject to the "Required Minimum Distribution" rules of Sections 408(b) and 401(a)(9) of the Code. See the Section, "Required Minimum Distribution Rules—Payments After Your Death."

Under either of the following two alternative circumstances a Death Benefit described in this Section will not be paid at your death before the Contract Maturity Date and the coverage under this Contract will continue as described in paragraph (1) or (2) below, whichever is applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) If you are married at your death, the person named as sole Beneficiary under the "Beneficiary" Section of this Contract is your surviving spouse, and your surviving spouse elects the "Spousal Continuation" option under your Contract, then no Death Benefit is payable until after your surviving spouse's death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) If the "Beneficiary Continuation Option" described in Section 7.04 is in effect, the entire interest in this Contract will be paid out after your death under the Beneficiary Continuation Option in accordance with requirements described in Section 8.08, Required Minimum Distribution Rules-Payment After Your Death.

If the Owner and the Annuitant are different because the Owner of the Contract is a trustee or custodian under Sections 408(a) and 408A(b) of the Code and pertinent Regulations, in this Section "you" refers to the Annuitant, and your surviving spouse can be named successor Annuitant.

*Terms Applicable to Spousal Continuation* 

Upon your surviving spouse's election to continue the Contract, the Annuity Account Value of the Contract will be reset, as of the date we receive the Beneficiary Requirements described in the Section "Payment Upon Death", to equal the greater of (i) the Annuity Account Value or (ii) the Guaranteed Minimum Death Benefit. Any additional amount of Annuity Account Value will be allocated in accordance with the current allocation instructions on file. If the Annuity Account Value is greater than the Guaranteed Minimum Death Benefit, we do not reset the Guaranteed Minimum Death Benefit for the surviving spouse.

ICC25-ROTH 7

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*The following new Section is added to your Contract:* 

**SECTION [7.04] BENEFICIARY CONTINUATION OPTION** 

This Section applies only if you die before the Contract Maturity Date, and the Beneficiary named under the "Beneficiary" Section of this Contract is an individual. With the exception of the following paragraph, this Section does not apply to any Beneficiary that is not an individual, and that non-individual Beneficiary's portion of the Death Benefit described in the "Payment Upon Death" Section of this Contract is payable to the Beneficiary.

Subject to our approval, this Section applies to a non-individual Beneficiary only if it is a "see-through trust" described in Treasury Regulation Section 1.401(a)(9)-4, or any successor Regulation, is the Beneficiary named in the "Beneficiary" Section of this Contract, and is permitted under Section 401(a)(9) of the Code, including the Treasury Regulations that apply, to continue this Contract.

If this Section applies and there is more than one Beneficiary, the Annuity Account Value (or if greater, the Death Benefit on the Benefit Transaction Date we receive all Beneficiary Requirements) will be apportioned among your Beneficiaries as you designate pursuant to the "Beneficiary" Section of this Contract.

If the Beneficiary qualifies to continue this Contract, and we receive that Beneficiary's completed election no later than September 30 of the calendar year following the calendar year of your death and before any contrary election is made, that Beneficiary may continue your Contract pursuant to this Section under the terms set forth in (a) through (i) below. Each such Beneficiary electing to continue his or her portion of the interest in this Contract is a "Continuation Beneficiary". For any Beneficiary who does not timely elect to continue his or her portion of the interest in this Contract, we will pay in a single sum that Beneficiary's share of the Death Benefit pursuant to the "Payment Upon Death" Section of this Contract.

ICC25-ROTH 8

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The terms of the Beneficiary Continuation Option are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This Contract cannot be assigned and must continue in your name for benefit of your Continuation Beneficiary.
The Continuation Beneficiary may not assign his/her portion of the entire interest in this Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Continuation Beneficiary automatically becomes the successor Annuitant with respect to that Continuation
Beneficiary's portion of the entire interest in this Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Continuation Beneficiary may transfer amounts among the Investment Options with respect to that
Continuation Beneficiary's portion of the entire interest in this Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Continuation Beneficiary cannot make any additional Contributions to this Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Distributions to the Continuation Beneficiary with respect to that Continuation Beneficiary's portion of
the entire interest in this Contract will be made in accordance with requirements described in the Section, "Required Minimum Distribution Rules–Payments After Your Death".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Beneficiary Continuation Option for an Eligible Designated Beneficiary is designed to pay out at least
annually the post-death Required Minimum Distribution payment calculated for a Continuation Beneficiary's portion of the entire interest in this Contract. If a Continuation Beneficiary elects to take all or part of any such Required Minimum
Distribution payment from another of your Roth individual retirement arrangements under which you also designated that Continuation Beneficiary as beneficiary, as described in the Section, "Required Minimum Distribution Rules–Payments
After Your Death", in order for us to suspend such payment, that Continuation Beneficiary must give us advance notice in accordance with our procedures at the time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) A Continuation Beneficiary may withdraw the Annuity Account Value apportioned to such Continuation Beneficiary
at any time;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Upon a Continuation Beneficiary's death, we will make a single sum payment to the person designated by
the deceased Continuation Beneficiary to receive that deceased Continuation Beneficiary's portion of the Annuity Account Value, if any remains. In the alternative, the deceased Continuation Beneficiary's designated beneficiary may elect
to continue the payment method originally elected by the deceased Continuation Beneficiary subject to Section 7.08, "Required Minimum Distribution Rules–Payments After Your Death".

ICC25-ROTH 9

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**PART [VIII] – ANNUITY BENEFITS** *is changed to:*

**"ANNUITY BENEFITS AND REQUIRED MINIMUM DISTRIBUTIONS"** 

*The following new Section is added to your Contract:* 

**SECTION [8.08] REQUIRED MINIMUM DISTRIBUTION RULES—PAYMENTS AFTER YOUR DEATH** 

For purposes of the Required Minimum Distribution rules after death, the following definitions and conditions apply:

*Your "entire interest" in this Contract for purposes of the Required Minimum Distribution Rules.* Unless otherwise provided under applicable federal tax law, your "entire interest" in this Contract includes the amount of any outstanding rollover, transfer and recharacterization under Treasury Regulation Section 1.408-8 or any successor Regulation and, in addition to the dollar amount credited, the actuarial present value of any additional benefits provided under this Roth IRA Contract.

*Designated Beneficiary.* The term "Designated Beneficiary" means any individual designated as your beneficiary. This term will be interpreted consistently with Code Section 401(a)(9)(E) and the Treasury Regulations thereunder.

This Contract is subject to the "Required Minimum Distribution" rules of Sections 408(b) and 401(a)(9) of the Code, including the Treasury Regulations that apply. To the extent that any payment, benefit, or distribution options available to you under this Contract conflict with the Code, the Code requirements prevail.

No amount is required to be distributed prior to your death.

Notwithstanding any provision of this Contract to the contrary, the distribution of your interest in this Contract will be made in accordance with the requirements of Section 408(b)(3) of the Code, as modified by Section 408A(c)(4) of the Code and the Treasury Regulations thereunder, the provisions of which are herein incorporated by reference. Prior to the date that this Contract is annuitized, distribution of your "entire interest" in this Contract, described below in this Section, must satisfy the requirements of Section 408(a)(6) of the Code, as modified by Section 408A(c)(4) of the Code, and the Treasury Regulations thereunder.

*(a) If you die before the distribution of your entire interest and the beneficiary is a Designated Beneficiary:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) *General Rule:* Subject to the exception for an Eligible Designated Beneficiary in paragraph (a)(2), the
entire interest must be distributed as permitted by the end of the calendar year containing the tenth anniversary of your death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) *Exception for Eligible Designated Beneficiaries:* If any portion of your interest is payable to (or for
the benefit of) an Eligible Designated Beneficiary, such portion will be distributed as permitted by us and applicable federal tax law –

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) over the life of such Eligible Designated Beneficiary, or over a period not extending beyond the life
expectancy of such Eligible Designated

ICC25-ROTH 10

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Beneficiary, starting no later than the end of the calendar year following the calendar year of your death (or the end of the calendar year in which you would have the applicable age under Code Section 401(a)(9)(C), if later, and the sole designated beneficiary is your surviving spouse), or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II) by the end of the calendar year containing the tenth anniversary of your death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Rules upon death of an Eligible Designated Beneficiary:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) If an Eligible Designated Beneficiary dies before the portion of your interest to which this paragraph
(a)(2)(I) applies is entirely distributed, the remainder of such portion must be distributed by the end of the calendar year containing the tenth anniversary of the Eligible Designated Beneficiary's death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II) If the Eligible Designated Beneficiary is your surviving spouse and your surviving spouse dies before
distributions to such spouse under paragraph (a)(2)(I) begin, this paragraph (a) shall be applied as if the surviving spouse were you.

For this purpose, distributions are considered to commence on the date distributions are required to begin to the surviving spouse under paragraph (a)(2)(I). However, if distributions start prior to the applicable date in the preceding sentence, on an irrevocable basis (except for acceleration) in the form of annuity payments meeting the requirements of Treasury Regulation Section 1.401(a)(9)-6 or any successor Regulation, then required distributions are considered to commence on the annuity starting date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(4) Rules upon death of a Designated Beneficiary who is not an Eligible Designated Beneficiary:* If a Designated Beneficiary who is not an Eligible Designated Beneficiary dies before the portion of your interest to which this paragraph (a) applies is entirely distributed, the remainder of such portion must be distributed by the end of the calendar year containing the tenth anniversary of your death.

(b) If you die before the distribution of your entire interest under this annuity contract and the beneficiary is not a Designated Beneficiary, unless otherwise provided under applicable federal tax law, the remaining interest must be distributed by the end of the calendar year containing fifth anniversary of your death.

(c) Life expectancy for Eligible Designated Beneficiaries under this Contract is determined using the Single Life Table in Treasury Regulation Section 1.401(a)(9)-9 or any successor Regulation. If distributions are being made to a surviving spouse as the sole Designated Beneficiary, such spouse's remaining life expectancy for a calendar year is the number in the Single Life Table corresponding to such spouse's age in the year. In all other cases, remaining life expectancy for a calendar year is the number in the Single Life Table corresponding to the Beneficiary's age as of his or her birthday in the calendar year following the calendar year of your death and reduced by 1 for each subsequent year. If distributions are being made in the form of annuity payments, life expectancy will not be recalculated.

ICC25-ROTH 11

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(d) If the sole designated Beneficiary is your surviving spouse, and Spousal Continuation option described in the Section, "Payment Upon Death" is in effect, distribution of your interest in this Contract need not be made until after your surviving spouse's death.

(e) *Potential aggregation with your Roth individual retirement arrangements*. The required minimum distributions payable to a Beneficiary with respect to this Roth IRA Contract (other than a distribution made in the form of an annuity payment) may be withdrawn from another Roth IRA the Beneficiary holds from the same decedent in accordance with Treasury Regulation Section 1.408-8. We may request that a Beneficiary document eligibility to take withdrawals from another of your other Roth individual retirement arrangements.

**PART [X] – GENERAL PROVISIONS** 

*The following is added at the end of the existing Section:* 

**SECTION [10.02] STATUTORY COMPLIANCE** 

If this Contract fails to qualify as a Roth individual retirement annuity under Sections 408(b) and 408A(b) of the Code, we will have the right to terminate this Contract. We may do so, upon receipt of notice of such fact, before the Contract Maturity Date. In that case, we will pay the Annuity Account Value less a deduction for the part which applies to any Federal income tax payable by you which would not have been payable with respect to an individual retirement annuity which meets the terms of Sections 408(b) of the Code.

However, we may also, at your request, transfer the Annuity Account Value to another annuity Contract issued by an affiliate, subsidiary or us.

*The following is added at the end of the existing Section:* 

**SECTION [10.04] REPORTS AND NOTICES** 

We will send you a report as of the end of each calendar year showing the status of this Contract and any other reports required by the Code. We will also send to you information on Required Minimum Distributions as is prescribed by the Commissioner of Internal Revenue.

*The existing Section is deleted and replaced by the following:* 

**SECTION [10.05] ASSIGNMENTS AND TRANSFERABILITY** 

You may not transfer this Contract.

No portion of your interest in this Contract or your rights under this Contract may be sold, assigned, pledged or transferred to any person other than the issuer of this Contract, or discounted, encumbered or pledged as collateral for a loan or as security for the performance of an obligation.

ICC25-ROTH 12

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*The following new Section is added to your Contract:* 

**SECTION [10.10] CHANGE IN OWNER** 

The Ownership of this Roth IRA Contract cannot be changed.

***Applicable to a trustee or custodial IRA Owner***

Where this Contract is purchased to fund a Roth IRA under Sections 408(a) and 408A(b) of the Code, the Owner may be a trustee or custodian meeting the requirements of those Sections and pertinent Regulations. The Annuitant must be the individual for whose benefit the Roth IRA is maintained. If the Owner of this Roth IRA Contract is a trustee or custodian of a Roth IRA under Sections 408(a) and 408A(b) of the Code, the Owner may be changed to a different trustee or custodian of a Roth IRA under Sections 408(a) of the Code and 408A(b) of the Code benefiting the Annuitant. In the alternative, the ownership may be changed to the Annuitant. When the Annuitant is the Owner, any provisions of this Endorsement relating to trustee or custodial ownership have no effect.

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY** 

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| | |
|:---|:---|
| [ | [ |
| ![LOGO](g940225g84v43.jpg) | ![LOGO](g940225g87e97.jpg) |
| Mark Pearson, | José Ramón González |
| Chief Executive Officer] | Chief Legal Officer and Secretary] |

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ICC25-ROTH 13

## Ex-99.(27)(D)(12)

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY,** 

**domiciled in New York** 

**ENDORSEMENT APPLICABLE TO SEP-IRA CONTRACTS** 

This Endorsement is part of your Contract and its provisions apply in lieu of any Contract provisions to the contrary. In this Endorsement, "we", "our" and "us" mean Equitable Financial Life Insurance Company and "you" and "your" mean the Owner.

When issued with this Endorsement, and as specified in the Data Pages, this Contract is issued as an individual retirement annuity contract which both meets the requirements of Section 408(b) of the Code and which is intended to be used as a funding vehicle for a "Simplified Employee Pension Plan" described in Section 408(k) of the Code ("SEP-IRA Contract").

The tax qualified provisions are being added to the Contract to comply with the requirements of the tax code. Compliance with the tax qualified provisions prevents loss of the advantages of tax deferral and prevents penalties.

This Contract is not offered as an Inherited Traditional IRA.

This SEP-IRA Contract is established for the exclusive benefit of you and your beneficiaries.

Your entire interest in this SEP-IRA Contract is not forfeitable.

The provisions of this SEP-IRA Endorsement supersede any inconsistent provisions of the Contract or any other Rider or Endorsement.

The Effective Date of this Endorsement is your Contract Date.

If the Owner of this SEP-IRA Contract is a trustee or custodian of a traditional individual retirement account under Section 408(a) of the Code and pertinent Regulations, this SEP-IRA Contract is an annuity contract that may be used as an asset of a traditional individual retirement account that (i) meets the requirements of Section 408(a) of the Code and (ii) is used as a funding vehicle for a Simplified Employee Pension Plan. In such a case "you" and "your" refer to the Annuitant where required by context, and the provisions of the custodial individual retirement account prevail during any period this SEP-IRA Contract is owned by such a trustee or custodian.

ICC25-SEP 1

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**PART [I] – [GENERAL] DEFINITIONS** 

*The following is added at the end of the existing Section:* 

**SECTION [1.01] ANNUITANT** 

You must be both the Annuitant and the Owner , unless the Owner is a trustee or custodian of a traditional individual retirement account under Section 408(a) of the Code.

If the Owner of this SEP-IRA Contract is a trustee or custodian of a traditional individual retirement account under Section 408(a) of the Code, the Annuitant must be the individual for whose benefit such individual retirement account is maintained. Benefits under this SEP-IRA Contract are determined by the age of the Annuitant.

*The following new Section is added to your Contract:* 

**SECTION [1.12A] ELIGIBLE DESIGNATED BENEFICIARY.** 

"Eligible Designated Beneficiary" means, with respect to an Owner, any Beneficiary who is one of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. the surviving spouse of the Owner,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. disabled (within the meaning of Section 72(m)(7) of the Code),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. a chronically ill individual (within the meaning of Section 7702B(c)(2) of the Code, except that the
requirements of subparagraph (A)(i) thereof shall be treated as met only if there is a certification that, as of such date, the period of inability described in such subparagraph with respect to the individual is an indefinite one which is
reasonably expected to be lengthy in nature), or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. an individual not described in any of the preceding clauses of this paragraph and who is not more than 10 years
younger than the Owner.

Except to the extent that applicable federal tax law permits otherwise, the determination of whether a Beneficiary is an Eligible Designated Beneficiary shall be made as of the date of death of the Owner. For purposes of this Contract, a child of the Owner who has not reached majority (within the meaning of Section 401(a)(9)(F) of the Code is not considered an "Eligible Designated Beneficiary.

**SECTION [1.13] EMPLOYER** 

"Employer" means the employer sponsoring the Simplified Employee Pension Plan described in Section 408(k) of the Code and named on the application.

ICC25-SEP 2

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*The following is added at the end of the existing Section:* 

**SECTION [1.16] NON-NATURAL OWNER** 

Non-Natural Owners other than a trustee or custodial SEP-IRA Owner are not permitted.

*The existing Section is deleted and replaced by the following:* 

**SECTION [1.17] OWNER** 

"Owner" means the individual shown as such on the cover page and in the Data Pages, who must also be the Annuitant. Joint Owners are not permitted. The Owner of this Contract cannot be changed, unless the Owner is a trustee or custodian of a traditional individual retirement account under Section 408(a) of the Code.

Where the Contract is purchased as an asset of a traditional individual retirement account under Section 408(a) of the Code that is used as a funding vehicle for a Simplified Employee Pension Plan described in Section 408(k) of the Code, the Owner must be a trustee or custodian meeting the requirements of Section 408(a) of the Code and pertinent Regulations. The Annuitant must be the individual for whose benefit such individual retirement account is maintained. If the Owner of this SEP-IRA Contract is a trustee or custodian of an individual retirement account under Section 408(a) of the Code, the Owner may be changed to a different trustee or custodian of a traditional individual retirement account under Section 408(a) of the Code benefiting the Annuitant. In the alternative, the ownership may be changed to the Annuitant. When the Annuitant is the Owner, any provisions of this Endorsement relating to trustee or custodial ownership have no effect.

*The following is added at the end of the existing Section:* 

**SECTION [1.19] PLAN** 

This Section does not apply to a Simplified Employee Pension Plan described in Section 408(k) of the Code.

*The following new Section is added to your Contract:* 

**SECTION [1.20A] REQUIRED MINIMUM DISTRIBUTION PAYMENTS** 

"Required Minimum Distribution Payments" means the payments from or with respect to this SEP-IRA Contract that are required by Sections 408(b) and 401(a)(9) of the Code and which are described in the Section, "Required Minimum Distribution Rules."

*The following new Section is added to your Contract:* 

**SECTION [1.21A] SEP PLAN** 

"SEP Plan" means the Simplified Employee Pension Plan described in Section 408(k) of the Code, under which the Employer makes contributions applied to this SEP-IRA Contract.

ICC25-SEP 3

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**PART II – STRUCTURED INVESTMENT OPTION** 

*The following is added at the end of the existing Section in your Contract:* 

**SECTION [2.09] SEPARATE ACCOUNT FOR THE STRUCTURED INVESTMENT OPTION** 

For all Contracts that offer the Structured Investment Option, we hold in our Separate Account an amount equal to the Cash Values for the Structured Investment Option attributable to those Contracts. The Data Pages set forth the Separate Account(s). We have established this separate account and maintain it in accordance with the laws of the state of New York. Income, realized and unrealized gains and losses from the assets in this separate account are credited to or charged against it without regard to our other income, gains or losses. Assets are placed in this separate account to support the Contract and other annuity contracts. The assets of the separate account are our property. You do not participate in the performance of the separate account. We may transfer assets of the separate account in excess of reserves and other liabilities with respect to such account to another separate account or to our general account.

We may, at our discretion, invest assets of the account in any investment permitted by applicable law. We may rely exclusively on the opinion of counsel (including counsel in our employ) as to what investments we may make as law permits.

We have the right, subject to compliance with applicable law, to: (a) add new separate accounts to be used for the same purpose as the Separate Account shown in your Data Pages, (b) divide the separate account into two or more separate accounts to be used for the same purpose, and (c) combine this separate account with any other separate account that is used for the same purpose.

**PART [IV] – CONTRIBUTIONS AND ALLOCATIONS** 

**SECTION [4.02] LIMITS ON CONTRIBUTIONS** 

*The following is added at the end of the existing Section:* 

No Contributions will be accepted unless they are in United States currency. We reserve the right not to accept funds by electronic means unless they meet our specifications.

We indicate in the Data Pages and in this Section any limits on the type, source or amount of Contributions we will accept.

*Permissible Contributions to this SEP-IRA Contract:* 

We accept Contributions with respect to your compensation made by the Employer indicated on the application pursuant to the SEP Plan and limits of the Code ("Employer Contributions"). We also accept rollover Contributions and direct transfer Contributions from other traditional individual retirement arrangements.

*Contributions we do not accept to this SEP-IRA Contract:*

During the Contract Owner's participation in the SEP Plan, we accept no regular contributions from the Contract Owner with respect to compensation ("Contract Owner Regular Contributions"). This limit may be changed after the termination of the SEP Plan or the Contract Owner's separation from service with the Employer. See paragraph (d) below on "Contract Owner Regular Contributions After Change in Circumstances."

ICC25-SEP 4

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We do not offer this SEP-IRA Contract as an Inherited IRA Contract so we do not accept direct transfer contributions from the traditional IRA of a deceased IRA owner, nor do we accept direct rollover contributions from beneficiaries of deceased plan participants in eligible retirement plans.

We do not offer this SEP-IRA Contract to fund employer-sponsored SIMPLE IRA plans described in Section 408(p) of the Code, so we do not accept contributions under those plans. Also, no transfer or rollover of funds attributable to contributions made by a particular employer under its SIMPLE IRA plan will be accepted from a SIMPLE IRA, that is, an IRA used in conjunction with a SIMPLE IRA plan, prior to the expiration of the 2-year period beginning on the date you first participated in that employer's SIMPLE IRA plan.

(a) Employer Contributions

The timing and amounts of Employer Contributions are determined solely by the Employer under the terms of the SEP Plan and Sections 408(k), 408(j), 402(h) and 415(c)(1)(A) of the Code. However, we may refuse to accept amounts characterized as Employer Contributions to the extent that the amount exceeds the maximum permissible dollar amount that may be made under Section 415(c)(1)(A) of the Code for a taxable year. The maximum permissible dollar amount that may be made under Section 415(c)(1)(A) of the Code for 2025 is $70,000, increased by any cost-of-living adjustment in effect for the taxable year as provided in Section 415(d)(1)(C) of the Code. Also, in addition to SEP Plan and Code limits, Employer Contributions to this SEP-IRA Contract are subject to the minimum and maximum Contribution limits in the Data Pages.

*(b) Rollover Contributions* 

A "rollover contribution" is one permitted by any of the following Sections of the Code: 402(c), 402(e)(6), 403(a)(4), 403(b)(8), 403(b)(10), 408(d)(3) and 457(e)(16).

*(c) Direct Transfer Contributions* 

A "direct transfer contribution" is the transfer of amounts to this SEP-IRA Contract directly from a traditional individual retirement account or another traditional individual retirement annuity contract which meets the requirements of Section 408 of the Code. This traditional individual retirement account or annuity contract may be, but need not be, used as a funding vehicle under any Simplified Employee Pension plan.

(d) *Contract Owner Regular Contributions After Change in Circumstances*

If the Contract Owner requests in writing supported by appropriate documentation that either (i) the Employer has terminated the SEP Plan or (ii) the Contract Owner has separated from service with the Employer sponsoring the SEP Plan, we will remove the "SEP-IRA" designation from this Contract on our records and merely retain the "Traditional IRA" designation. No fees or charges will be imposed on any such change of designation. Thereafter, we will no longer accept Employer Contributions in paragraph (a) above. If the Contract Owner is eligible to make Contributions (subject to the minimum and maximum Contribution limits in the Data Pages) we will accept Contract Owner Regular Contributions described below, rollover Contributions described in paragraph (b) and direct transfer Contributions described in paragraph (c).

ICC25-SEP 5

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*Contract Owner "Regular" traditional IRA Contributions; Maximum Permissible Amount* 

Except in the case of a "rollover contribution" or a "direct transfer contribution" described in paragraphs (b) and (c) above, or except as noted under "Age 50"+ and "Temporary or specially directed rules" below in this paragraph (d), the total of "regular" traditional IRA contributions described in Section 219 of the Code will not exceed $7,000 for 2025 and years thereafter. This $7,000 annual dollar limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Section 219(b)(5)(C) of the Code. Such adjustments will be in multiples of $500.

*Age 50+ -* If you are age 50 or older, the annual dollar limit on regular contributions is increased by $1,000. After 2024, this dollar amount may be adjusted by the Secretary of the Treasury for cost-of-living increases under Section 219(b)(5)(C) of the Code.

*Temporary or specially directed rules*. You may make additional contributions specifically authorized by statute if you are eligible to do so under temporary or specially directed rules, such as repayments of qualified reservist distributions, repayments of certain plan distributions made on account of a federally declared disaster and other distribution repayments permitted under applicable law. We may request that you document your eligibility to make any such additional contributions.

**PART [VII] - PAYMENT UPON DEATH** 

*The following sentence is added at the end of the second paragraph of the existing Section:* 

**SECTION [7.01] BENEFICIARY** 

Unless you specifically elect in writing otherwise, we will treat each Beneficiary's share of the Death Benefit payable as a separate account for the benefit of each Beneficiary as described in Treasury Regulation Section 1.401(a)(9)-8 or any successor Regulation.

*The following is added at the end of the existing Section:* 

**SECTION [7.02 ] PAYMENT UPON DEATH** 

Payment upon death is subject to the "Required Minimum Distribution" rules of Sections 408(b) and 401(a)(9) of the Code. See the Section, "Required Minimum Distribution Rules".

Under either of the following two alternative circumstances a Death Benefit described in this Section will not be paid at your death before the Contract Maturity Date and the coverage under this Contract will continue as described in paragraph (1) or (2) below, whichever is applicable. Your death may terminate an optional benefit described in a Rider to your Contract as described below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) If you are married at your death, the person named as sole Beneficiary under the "Beneficiary"
Section of this Contract is your surviving spouse, and your surviving spouse elects the "Spousal Continuation" option under your Contract, then no Death Benefit is payable until after your surviving spouse's death. An election
(including a deemed election) described in this paragraph may be subject to limits and other requirements under Treasury Regulation Section 1.408-8 or any successor Regulation.

ICC25-SEP 6

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) If the "Beneficiary Continuation Option" described in Section [7.04] is in effect, the entire
interest in this Contract will be paid out after your death under the Beneficiary Continuation Option in accordance with requirements described in Section [8.08], Part [B] (Required Minimum Distribution Rules-Payment After Your Death).

If the Owner and the Annuitant are different because the Owner of the Contract is a trustee or custodian of a traditional individual retirement account under Section 408(a) of the Code and pertinent Regulations, in this Section "you" refers to the Annuitant, and your surviving spouse can be named successor Annuitant.

*The following new Section is added to your Contract:* 

**SECTION [7.04] BENEFICIARY CONTINUATION OPTION** 

This Section applies only if you die before the Contract Maturity Date, and the Beneficiary named under the "Beneficiary" Section of this Contract is an individual. With the exception of the following paragraph, this Section does not apply to any Beneficiary that is not an individual, and that non-individual Beneficiary's portion of the Death Benefit described in the "Payment Upon Death" Section of this Contract is payable to the Beneficiary.

Subject to our approval, this Section applies to a non-individual Beneficiary only if it is a "see-through trust" described in Treasury Regulation Section 1.401(a)(9)-4, or any successor Regulation, is the Beneficiary named in the "Beneficiary" Section of this Contract, and is permitted under Section 401(a)(9) of the Code, including the Treasury Regulations that apply, to continue this Contract. If this Section applies and there is more than one Beneficiary, the Annuity Account Value (or if greater, the Death Benefit on the Benefit Transaction Date we receive all Beneficiary Requirements) will be apportioned among your Beneficiaries as you designate pursuant to the "Beneficiary" Section of this Contract.

If the Beneficiary qualifies to continue this Contract, and we receive that Beneficiary's completed election no later than September 30 of the calendar year following the calendar year of your death and before any contrary election is made, that Beneficiary may continue your Contract pursuant to this Section under the terms set forth in (a) through (h) below. Each such Beneficiary electing to continue his or her portion of the interest in this Contract is a "Continuation Beneficiary." For any Beneficiary who does not timely elect to continue his or her portion of the interest in this Contract, we will pay in a single sum that Beneficiary's share of the Death Benefit pursuant to the "Payment Upon Death" Section of this Contract.

The terms of the Beneficiary Continuation Option are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This Contract cannot be assigned and must continue in your name for benefit of your Continuation Beneficiary.
The Continuation Beneficiary may not assign his/her portion of the entire interest in this Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Continuation Beneficiary automatically becomes the successor Annuitant with respect to that Continuation
Beneficiary's portion of the entire interest in this Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Continuation Beneficiary cannot make any additional Contributions to this Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Continuation Beneficiary may transfer amounts among the Investment Options with respect to that
Continuation Beneficiary's portion of the entire interest in this Contract.

ICC25-SEP 7

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Distributions to the Continuation Beneficiary with respect to that Continuation Beneficiary's portion of
the entire interest in this Contract will be made in accordance with requirements described in Section [8.08], Part [B] (Required Minimum Distribution Rules–Payments After Your Death).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Beneficiary Continuation Option for an Eligible Designated Beneficiary is designed to pay out at least
annually the post-death Required Minimum Distribution payment calculated for a Continuation Beneficiary's portion of the entire interest in this Contract. If a Continuation Beneficiary elects to take all or part of any such Required Minimum
Distribution payment from another one of your traditional individual retirement arrangements under which you also designated that Continuation Beneficiary as beneficiary, as described in Section [8.08], Part [B] (Required Minimum Distribution
Rules–Payments After Your Death) in order for us to suspend such payment, that Continuation Beneficiary must give us advance notice in accordance with our procedures at the time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) A Continuation Beneficiary may withdraw the Annuity Account Value apportioned to such Continuation Beneficiary
at any time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Upon a Continuation Beneficiary's death, we will make a single sum payment to the person designated by
the deceased Continuation Beneficiary to receive that deceased Continuation Beneficiary's portion of the Annuity Account Value, if any remains. In the alternative, the deceased Continuation Beneficiary's designated beneficiary may elect
to continue the payment method originally elected by the deceased Continuation Beneficiary subject to Section [8.08], Part [B] (Required Minimum Distribution Rules–Payments After Your Death).

**PART VIII - ANNUITY BENEFITS** *is changed to:*

**"ANNUITY BENEFITS AND REQUIRED MINIMUM DISTRIBUTIONS"** 

*The following new Section is added to your Contract:* 

**SECTION [8.08] REQUIRED MINIMUM DISTRIBUTION RULES** 

This Contract is subject to the "Required Minimum Distribution" rules of Sections 408(b) and 401(a)(9) of the Code, including the Treasury Regulations that apply. To the extent that any payment, benefit, or distribution options available to you under this Contract conflict with the Code, the Code requirements prevail.

Subsection A below describes the Required Minimum Distributions to be made during your lifetime. Subsection B below describes the Required Minimum Distributions to be made after your death, if you die before your entire interest in this Contract is distributed to you. The Required Minimum Distribution rules may be satisfied by either electing an Annuity Benefit or by taking withdrawals at least annually from or with respect to your entire interest in this Contract, all as subject to these rules.

If you choose annual withdrawals, your annual Required Minimum Distribution payments calculated for this Contract may be made from this Contract or from another individual retirement arrangement that you maintain, pursuant to Treasury Regulation Section 1.408-8. If you do not take lifetime Required Minimum Distribution payments from this Contract, we will assume that you are taking them from another individual retirement arrangement that you maintain.

ICC25-SEP 8

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For purposes of both the "lifetime" Required Minimum Distribution rules and the Required Minimum Distribution rules after death, the following definitions and conditions apply:

*Your "entire interest" in this Contract for purposes of the Required Minimum Distribution Rules.* Unless otherwise provided under applicable federal tax law, your "entire interest" in this Contract includes the amount of any outstanding rollover, transfer and recharacterization under Treasury Regulation Section 1.408-8 or any successor Regulation and, in addition to the dollar amount credited, the actuarial present value of any additional benefits provided under this SEP-IRA Contract, such as guaranteed death benefits.

*Required Beginning Date*. Your "Required Beginning Date" is the first day of April following the calendar year in which you attain the "applicable age" as defined in Section 401(a)(9)(C) of the Code This is the latest date when your lifetime Required Minimum Distribution payments with respect to this Contract can start.

*Designated Beneficiary*. The term "Designated Beneficiary" means any individual designated as your beneficiary. This term will be interpreted consistently with Code Section 401(a)(9)(E) and the Treasury Regulations thereunder.

**A. Required Minimum Distribution Rules -Payments During Your Life** 

Notwithstanding any provision of this Contract to the contrary, the distribution of your entire interest in this Contract must be made in accordance with the requirements of Section 408(b)(3) of the Code and the Treasury Regulations thereunder, the provisions of which are herein incorporated by reference. Prior to the date that this Contract is annuitized the distribution of your interest in this Contract must satisfy the requirements of Section 408(a)(6) of the Code and the Regulations thereunder.

Unless otherwise permitted under applicable federal tax law, your entire interest in this Contract must be distributed or begin to be distributed no later than your Required Beginning Date defined above. Your entire interest may be distributed, as you elect, under one of the following methods or any other method we may make available at such time that meets the requirements of the Code and the Treasury Regulations thereunder:

(i) a lump sum payment;

(ii) payments over your life;

(iii) payments over your, life and the life of your Designated Beneficiary who is an Eligible Designated Beneficiary; or

(iv) payments over, a period certain not extending beyond your life expectancy, or

(v) payments over a period certain not extending beyond the joint and last survivor expectancy of you and your Designated Beneficiary, who is an Eligible Designated Beneficiary.

Distributions in the form of annuity payments to satisfy the "lifetime" Required Minimum Distributions must be made in periodic payments at intervals of no longer than 1 year and must be either nonincreasing or they may increase only as provided in Code Section 401(a)(9)(J) and Treasury Regulation Section 1.401(a)(9)-6 or any successor Regulation. In addition, any distribution must satisfy the incidental benefit requirements in Treasury Regulation Section 1.401(a)(9)-6 or any successor Regulation.

The distribution periods described in the second preceding paragraph cannot exceed the periods specified in Section 1.401(a)(9)-6 of the Treasury Regulations or any successor Regulation.

ICC25-SEP 9

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The first lifetime Required Minimum Distribution payment can be made as late as April 1 of the year following the year you attain the applicable age as defined in Code Section 401(a)(9)(C) and must be the payment that is required for one payment interval. The second payment need not be made until the end of the next payment interval.

**B. Required Minimum Distribution Rules – Payments After Your Death** 

*(a) If you die before the distribution of your entire interest and the beneficiary is a Designated Beneficiary:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) *General Rule:* Subject to the exception for an Eligible Designated Beneficiary in paragraph (a)(2), the
entire interest must be distributed by the end of the calendar year containing the tenth anniversary of your death (and at least as rapidly as the method of distribution required under Code Section 401(a)(9)(A)(ii) if you die on or after the
Required Beginning Date).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) *Exception for Eligible Designated Beneficiaries:* If any portion of your interest is payable to (or for
the benefit of) an Eligible Designated Beneficiary, such portion will be distributed as permitted by us and applicable federal tax law –

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) over the life of such Eligible Designated Beneficiary, or over a period not extending beyond the life expectancy of such Eligible Designated Beneficiary, starting no later than the end of the calendar year following the calendar year of your death (or the end of the calendar year in which you would have attained the applicable age as defined in Code Section 401(a)(9)(C), if later, and the sole designated beneficiary is your surviving spouse), or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II) by the end of the calendar year containing the tenth anniversary of your death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(3)* *Rules upon death of an Eligible Designated Beneficiary:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) If an Eligible Designated Beneficiary dies before the portion of your interest to which this paragraph
(a)(2)(I) applies is entirely distributed, the remainder of such portion shall be distributed by the end of the calendar year containing the tenth anniversary of the Eligible Designated Beneficiary's death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II) If the Eligible Designated Beneficiary is your surviving spouse and your surviving spouse dies before
distributions to such spouse under paragraph (a)(2)(I) begin, this paragraph (a) shall be applied as if the surviving spouse were you.

For this purpose, distributions are considered to commence on the date distributions are required to begin to the surviving spouse under paragraph (a)(2)(I). However, if distributions start prior to the applicable date in the preceding sentence, on an irrevocable basis (except for acceleration) in the form of annuity payments meeting the requirements of Treasury Regulation Section 1.401(a)(9)-6 or any successor Regulation, then required distributions are considered to commence on the annuity starting date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) *Rules upon death of a Designated Beneficiary who is not an Eligible Designated Beneficiary:* If a
Designated Beneficiary who is not an Eligible Designated Beneficiary dies before the portion of your interest to which this paragraph (a) applies is entirely distributed, the remainder of such portion must be distributed by the end of the
calendar year containing the tenth anniversary of your death.

ICC25-SEP 10

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*(b) If you die before the distribution of your entire interest under this annuity contract and the beneficiary is not a Designated Beneficiary, unless otherwise provided under applicable federal tax law, the remaining interest must be distributed as follows:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) If you die on or after the Required Beginning Date (or die on or after the date annuity payments commence if distributions commence prior to the Required Beginning Date in the form of annuity payments in accordance with the provisions of Treasury Regulation Section 1.401(a)(9)-6 or any successor Regulation), the remaining interest must be distributed in accordance with Code Section 401(a)(9) and the Treasury Regulations thereunder at least as rapidly as under the method of distributions being used as of the date of your death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) If you die prior to the Required Beginning Date (and prior to the date annuity payments commence), the remaining interest must be distributed by the end of the calendar year containing the fifth anniversary of your death.

(c) Life expectancy for beneficiaries under this Contract is determined using the Single Life Table in Treasury Regulation Section 1.401(a)(9)-9 or any successor Regulation. If distributions are being made to a surviving spouse as the sole Designated Beneficiary, such spouse's remaining life expectancy for a calendar year is the number in the Single Life Table corresponding to such spouse's age in the year. In all other cases, remaining life expectancy for a calendar year is the number in the Single Life Table corresponding to the Beneficiary's age as of his or her birthday in the calendar year following the calendar year of your death and reduced by 1 for each subsequent year. If distributions are being made in the form of annuity payments, life expectancy will not be recalculated.

(d) If the sole Designated Beneficiary is your surviving spouse, and the Spousal Continuation option described in the Section, "Payment Upon Death" is in effect, distribution of your interest in this Contract need not be made until your surviving spouse's Required Beginning Date for lifetime Required Minimum Distributions described above in Subsection A of this Section, or your surviving spouse's death if earlier.

*(e)* Potential aggregation with your other traditional individual retirement arrangements*.* The required minimum distributions payable to a Beneficiary with respect to this SEP IRA Contract (other than a distribution made in the form of an annuity payment) may be withdrawn from another SEP IRA the Beneficiary holds from the same decedent in accordance with Treasury Regulation Section 1.408-8. ****We may request that a Beneficiary document eligibility to take withdrawals from another of your other traditional individual retirement arrangements.

**PART [X] - GENERAL PROVISIONS** 

*The following is added at the end of the existing Section:* 

**SECTION [10.02 ] STATUTORY COMPLIANCE** 

If this Contract fails to qualify as an individual retirement annuity under Section 408(b) of the Code, we will have the right to terminate this Contract. We may do so, upon receipt of notice of such fact, before the Contract Maturity Date. In that case, we will pay the Annuity Account Value less a deduction for the part which applies to any Federal income tax payable by you which would not have been payable with respect to an individual retirement annuity which meets the terms of Sections 408(b) of the Code.

ICC25-SEP 11

------

However, we may also, at your request, transfer the Annuity Account Value to another annuity Contract issued by an affiliate, subsidiary or us.

*The following is added at the end of the existing Section:* 

**SECTION [10.04] REPORTS AND NOTICES** 

We will send you a report as of the end of each calendar year showing the status of this Contract and any other reports required by the Code. We will also send to you information on Required Minimum Distributions as is prescribed by the Commissioner of Internal Revenue.

*The existing Section is deleted and replaced by the following:* 

**SECTION [10.05] ASSIGNMENTS AND TRANSFERABILITY** 

You may not transfer this Contract.

No portion of your interest in this Contract or your rights under this Contract may be sold, assigned, pledged or transferred to any person other than the issuer of this Contract, or discounted, encumbered or pledged as collateral for a loan or as security for the performance of an obligation.

*The following new Section is added to your Contract:* 

**SECTION [10.10] CHANGE IN OWNER** 

The Ownership of this SEP-IRA Contract cannot be changed.

*Applicable to a trustee or custodial SEP-IRA Owner* 

Where this Contract is purchased as an asset of a traditional individual retirement account under Section 408(a) of the Code that is used as a funding vehicle for a Simplified Employee Pension Plan described in Section 408(k) of the Code, the Owner must be a trustee or custodian meeting the requirements of Section 408(a) of the Code and pertinent Regulations. The Annuitant must be the individual for whose benefit such individual retirement account is maintained. If the Owner of this SEP-IRA Contract is a trustee or custodian of an individual retirement account under Section 408(a) of the Code, the Owner may be changed to a different trustee or custodian of a traditional individual retirement account under Section 408(a) of the Code benefiting the Annuitant. In the alternative, the ownership may be changed to the Annuitant. When the Annuitant is the Owner, any provisions of this Endorsement relating to trustee or custodial ownership have no effect.

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY** 

---

| | |
|:---|:---|
| [ | [ |
| ![LOGO](g940225g84v43.jpg) | ![LOGO](g940225g87e97.jpg) |
| Mark Pearson, | José Ramón González |
| Chief Executive Officer] | Chief Legal Officer and Secretary] |

---

ICC25-SEP 12

## Ex-99.(27)(D)(13)

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY,** 

**domiciled in New York** 

**[BEST ENTRY] SEGMENT OPTION RIDER** 

This Rider is part of your Contract, and its provisions apply in lieu of any Contract provisions to the contrary. There are new definitions in this Rider which are introduced below. In this Rider, "we", "our" and "us" mean Equitable Financial Life Insurance Company, "you" and "your" mean the Owner and "Rider" means this Rider.

This Rider is effective immediately.

**<u>I. RIDER OVERVIEW</u>** 

This Rider describes the [Best Entry] Segment Option. This Rider provides a crediting strategy that provides a reset opportunity of the Index value on the Segment Start Date. We evaluate the Index value on each of the Observation Day(s) and compare it to the Index value on the Segment Start Date. The date with the lowest Index value, subject to the [Best Entry] Limit, is identified as the [Best Entry] Date.

The terms and conditions of this Rider are set forth below.

**<u>II. DEFINITIONS</u>** 

**[BEST ENTRY] RESET LIMIT** 

"[Best Entry] Reset Limit" is the lowest percentage of the Index value on the Segment Start Date that is allowed for resetting the [Best Entry] Index Starting Value. The [Best Entry] Reset Limit applicable to the [Best Entry] Segment(s) currently available on the Contract Date is shown in your Data Pages.

**[BEST ENTRY] INDEX STARTING VALUE** 

"[Best Entry] Index Starting Value" is the lowest Index value used in determining the Index Performance Rate. The initial value is set to the Index value on the Segment Start Date. The [Best Entry] Index Starting Value is compared to the Index value on each designated Observation Day. If a lower Index value is observed, the [Best Entry] Index Starting Value will be reset to the lower Index value on the Observation Day, subject to the [Best Entry] Reset Limit, and will be reflected as the new Index value on the Segment Start Date for purposes of calculating the Segment Rate of Return.

**[BEST ENTRY] DATE** 

"[Best Entry] Date" is the date that has the lowest Index value, subject to the [Best Entry] Limit, which is determined by comparing the Index value on each Observation Day(s) to the Index value on the Segment Start Date.

**OBSERVATION DAY(S)** 

"Observation Day(s)" is/are the day(s) on which the Index value is assessed for potential resetting of the [Best Entry] Index Starting Value. The Observation Day(s) applicable to the [Best Entry] Segment(s) currently available on the Contract Date is/are shown in your Data Pages. If the Observation Day(s) falls on a non-Business Day, it will be the prior Business Day.

1 <br> ICC25-BE

------

**<u>III. TERMS AND CONDITIONS OF THIS RIDER</u>** 

*The following is added to the Segment Rate of Return provision:* 

**SECTION [2.01(n)] SEGMENT RATE OF RETURN** 

For the Best Entry Segment Option, your Segment Rate of Return on the Segment Maturity Date is determined as follows:

---

| | |
|:---|:---|
| **If the Index Performance Rate:** | **Then the Segment Rate of Return will be:** |
| When multiplied by the Participation Rate<br> is greater than the Performance Cap Rate | Equal to the Performance Cap Rate[,<br> minus the cumulative Contract Fee] |
| When multiplied by the Participation Rate<br> is positive and less than or equal to the Performance Cap Rate | Equal to the Index Performance Rate multiplied by the Participation Rate[,<br> minus the cumulative Contract Fee] |
| Is between zero and the Segment Buffer, inclusive of both | Equal to 0%[,<br> minus the cumulative Contract Fee] |
| Is more negative than the Segment Buffer | Negative to the extent the percentage decline exceeds the Segment Buffer[,<br> minus the cumulative Contract Fee] |

---

*The following is added to the Segment Interim Value section:* 

**SECTION [2.04] SEGMENT INTERIM VALUE** 

For the [Best Entry] Segment Option, at the time the Segment Interim Value is determined, the Fair Value of Hypothetical Derivatives is calculated using an option pricing model for valuing several different hypothetical options: (1) Buying an At-the-Money Partial Time Floating Strike Lookback Call Option, (2) Selling an Out-of-the-Money Partial Time Floating Strike Lookback Call Option, and (3) Selling an Out-of-the-Money Partial Time Floating Strike Lookback Put Option.

"At-the-Money Partial Time Floating Strike Lookback Call Option" gives the right to buy a position in the relevant Index equal to the Segment Investment multiplied by the Participation Rate on the scheduled Segment Maturity Date, at the lower of the price of the Index on the Segment Start Date or the reset Index value based on the Index values on the Observation Day(s).

"Out-of-the-Money Partial Time Floating Strike Lookback Call Option" gives the right to sell a position in the relevant Index equal to the Segment Investment multiplied by the Participation Rate on the scheduled Segment Maturity Date, at the lower of the price of the Index on the Segment Start Date or the reset Index value based on the Index values on the Observation Day(s), increased by (the Performance Cap Rate divided by the Participation Rate).

"Out-of-the-Money Partial Time Floating Strike Lookback Put Option" gives the right to sell a position in the relevant Index equal to the Segment Investment on the scheduled Segment Maturity Date, at the lower of the price of the Index on the Segment Start Date or the reset Index value based on the Index values on the Observation Day(s), decreased by a percentage equal to the Segment Buffer.

2 <br> ICC25-BE

------

**<u>IV. THE RIDER CHARGE</u>**

There is no charge for this Rider.

**<u>V. TERMINATION</u>**

This Rider terminates upon termination of the Contract to which this Rider is attached.

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY** 

---

| | |
|:---|:---|
| [ | [ |
| ![LOGO](g940225g53f00.jpg) | ![LOGO](g940225g64u65.jpg) |
| Mark Pearson,<br> Chief Executive Officer] | José Ramón González<br> Chief Legal Officer and Secretary] |

---

3 <br> ICC25-BE

## Ex-99.(27)(D)(14)

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY,** 

**domiciled in New York** 

**DUAL DIRECTION SEGMENT OPTION RIDER** 

This Rider is part of your Contract, and its provisions apply in lieu of any Contract provisions to the contrary. There are new definitions in this Rider which are introduced below. In this Rider, "we", "our" and "us" mean Equitable Financial Life Insurance Company, "you" and "your" mean the Owner and "Rider" means this Rider.

This Rider is effective immediately.

**PERFORMANCE CAP RATE:** In certain situations, depending on the performance of the Index, your Segment Rate of Return may exceed the Performance Cap Rate as shown in Row 2 of the table below in Section [2.01(n)].

*The following is added to the definition of Segment Rate of Return:* 

**SECTION [2.01(n)] SEGMENT RATE OF RETURN** 

For the Dual Direction Segment Option, your Segment Rate of Return on the Segment Maturity Date is determined as follows:

---

| | |
|:---|:---|
| **If the Index Performance Rate:** | **Then the Segment Rate of Return will be:** |
| When multiplied by the Participation Rate is greater than the Performance Cap Rate | Equal to the Performance Cap Rate[, minus the cumulative Contract Fee] |
| When multiplied by the Participation Rate is positive and less than or equal to the Performance Cap Rate | Equal to Index Performance Rate multiplied by the Participation Rate[, minus the cumulative Contract Fee] |
| Is between zero and the Segment Buffer, inclusive of both | Equal to the absolute value\* of the Index Performance Rate[, minus the cumulative Contract Fee] |
| Is more negative than the Segment Buffer | Negative, to the extent the percentage decline exceeds the Segment Buffer[, minus the cumulative Contract Fee] |

---

**\*** For purposes of the Segment Rate of Return calculation, the "absolute value" of the Index Performance Rate is the Index Performance Rate without regard to its mathematical sign (positive or negative). 

1 <br> ICC25-DD

------

*The following is added to the Segment Interim Value section:* 

**SECTION [2.04] SEGMENT INTERIM VALUE** 

For the Dual Direction Segment Option, at the time the Segment Interim Value is determined, the Fair Value of Hypothetical Derivatives is calculated using an option pricing model for valuing several different hypothetical options: (1) buying an At-the-Money Call Option, (2) selling an Out-of-the-Money Call Option, (3) buying an At-the-Money Put Option, (4) selling two Out-of-the-Money Put Options, and (5) selling an Out-of-the-Money Binary Put Option.

"At-the-Money Call Option" gives the right to buy the relevant Index equal to the Segment Investment multiplied by the Participation Rate on the scheduled Segment Maturity Date, at the Index price on the Segment Start Date.

"Out-of-the-Money Call Option" gives the right to buy the relevant Index equal to the Segment Investment multiplied by the Participation Rate on the scheduled Segment Maturity Date, at the Index price on the Segment Start Date increased by the (Performance Cap Rate divided by the Participation Rate).

"At-the-Money Put Option" gives the right to sell the relevant Index equal to the Segment Investment on the scheduled Segment Maturity Date, at the price of the Index on the Segment Start Date.

"Out-of-the-Money Put Option" gives the right to sell the relevant Index equal to the Segment Investment on the scheduled Segment Maturity Date, at the Index price on the Segment Start Date decreased by the Segment Buffer.

"Out-of-the-Money Binary Put Option" gives the right to receive the absolute value of the Segment Buffer multiplied by the Segment Investment on the scheduled Segment Maturity Date if the Index price on the Segment Maturity Date is lower than on the Segment Start Date decreased by Segment Buffer.

**RIDER CHARGE** 

There is no charge for this Rider.

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY** 

---

| | |
|:---|:---|
| [ | [ |
| ![LOGO](g940225g84v43.jpg) | ![LOGO](g940225g87e97.jpg) |
| Mark Pearson, | José Ramón González |
| Chief Executive Officer] | Chief Legal Officer and Secretary] |

---

2 <br> ICC25-DD

## Ex-99.(27)(D)(15)

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY,** 

**domiciled in New York** 

**[DUAL STEP TIER] SEGMENT OPTION RIDER** 

This Rider is part of your Contract, and its provisions apply in lieu of any Contract provisions to the contrary. There are new definitions in this Rider which are introduced below. In this Rider, "we", "our" and "us" mean Equitable Financial Life Insurance Company, "you" and "your" mean the Owner and "Rider" means this Rider.

This Rider is effective immediately.

*The following is added to the existing Section in your Contract:* 

**SECTION [2.01(n)] SEGMENT RATE OF RETURN** 

For the [Dual Step Tier] Segment Option, your Segment Rate of Return on the Segment Maturity Date is determined as follows:

---

| | |
|:---|:---|
| **If the Index Performance Rate:** | **Then the Segment Rate of Return will be:** |
| When multiplied by the Participation Rate is greater than the Performance Cap Rate | Equal to the Performance Cap Rate[, minus the cumulative Contract Fee]. |
| When multiplied by the Participation Rate is greater than the Step Rate and less than or equal to the Performance Cap Rate | Equal to the Index Performance Rate multiplied by the Participation Rate[, minus the cumulative Contract Fee]. |
| When multiplied by the Participation Rate is positive and less than or equal to the Step Rate | Equal to the Step Rate[, minus the cumulative Contract Fee]. |
| Is between zero and the Segment Buffer, inclusive of both | Equal to the Step Rate[, minus the cumulative Contract Fee]. |
| Is more negative than the Segment Buffer | Negative, equal to the extent of the percentage exceeding the Segment Buffer[, minus the cumulative Contract Fee]. |

---

*The following new Section is added to your Contract:*

**SECTION [2.01(t)] [STEP] RATE** 

"[Step] Rate" means a positive percentage that is used when calculating your Segment Rate of Return on a Segment Maturity Date, as described in the "Segment Rate of Return" Section above. We set the [Step] Rate for each new Segment on the Segment Start Date. The [Step] Rate is fixed for the duration of the Segment. The initial and guaranteed minimum [Step] Rate is shown in your Data Pages.

1 <br> ICC25-DST

------

*The following is added to the existing Section in your Contract:* 

**SECTION [2.04] SEGMENT INTERIM VALUE** 

For the Dual Step Tier Segment Option, at the time the Segment Interim Value is determined, the Fair Value of Hypothetical Derivatives is calculated using an option pricing model for valuing several different hypothetical options: (1) buying an Out-of-the-Money Call Option 1, (2) selling an Out-of-the-Money Call Option 2, (3) buying an In-the-Money Binary Call Option, and (4) selling an Out-of-the-Money Put Option.

"Out-of-the-Money Call Option 1" gives the right to buy the relevant Index equal to the Segment Investment multiplied by the Participation Rate on the scheduled Segment Maturity Date, at the Index price on the Segment Start Date increased by (the Step Rate divided by the Participation Rate).

"Out-of-the-Money Call Option 2" gives the right to buy the relevant Index equal to the Segment Investment multiplied by the Participation Rate on the scheduled Segment Maturity Date, at the Index price on the Segment Start Date increased by (the Performance Cap Rate divided by the Participation Rate).

"In-the-Money Binary Call Option" gives the right to receive the relevant Index equal to the Segment Investment multiplied by the Step Rate on the scheduled Segment Maturity Date if the Index price on the Segment Maturity Date is at or higher than on the Segment Start Date decreased by the Segment Buffer.

"Out-of-the-Money Put Option" gives the right to sell the relevant Index equal to the Segment Investment on the scheduled Segment Maturity Date, at the Index price on the Segment Start Date decreased by the Segment Buffer.

**RIDER CHARGE** 

There is no charge for this Rider.

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY** 

---

| | |
|:---|:---|
| [ | [ |
| ![LOGO](g940225g53f00.jpg) | ![LOGO](g940225g64u65.jpg) |
| Mark Pearson,<br> Chief Executive Officer] | José Ramón González<br> Chief Legal Officer and Secretary] |

---

2 <br> ICC25-DST

## Ex-99.(27)(D)(16)

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY,** 

**domiciled in New York** 

**DUAL STEP UP SEGMENT OPTION RIDER** 

This Rider is part of your Contract, and its provisions apply in lieu of any Contract provisions to the contrary. There are new definitions in this Rider which are introduced below. In this Rider, "we", "our" and "us" mean Equitable Financial Life Insurance Company, "you" and "your" mean the Owner and "Rider" means this Rider.

This Rider is effective immediately.

*The following is added to the definition of Segment Rate of Return:* 

**SECTION [2.01(n)] SEGMENT RATE OF RETURN** 

For the Dual Step Up Segment Option, your Segment Rate of Return on the Segment Maturity Date is determined as follows:

---

| | |
|:---|:---|
| **If the Index Performance Rate:** | **Then the Segment Rate of Return will be:** |
| When multiplied by the Participation Rate is positive | Equal to the Performance Cap Rate[, minus the cumulative Contract Fee] |
| Is between zero and the Segment Buffer, inclusive of both | Equal to the Performance Cap Rate[, minus the cumulative Contract Fee] |
| Is more negative than the Segment Buffer | Negative to the extent the percentage decline exceeds the Segment Buffer[, minus the cumulative Contract Fee] |

---

*The following is added to the Segment Interim Value section:* 

**SECTION [2.04] SEGMENT INTERIM VALUE** 

For the Dual Step Up Segment Option, at the time the Segment Interim Value is determined, the Fair Value of Hypothetical Derivatives is calculated using an option pricing model for valuing two different hypothetical options: (1) buying an In-the-Money Binary Call Option and (2) selling an Out-of-the-Money Put Option.

"In-the-Money Binary Call Option" gives the right to receive the relevant Index equal to the Segment Investment multiplied by the Performance Cap Rate on the scheduled Segment Maturity Date if the Index price on the Segment Maturity Date is at or higher than on the Segment Start Date decreased by the Segment Buffer.

"Out-of-the-Money Put Option" gives the right to sell the relevant Index equal to the Segment Investment on the scheduled Segment Maturity Date, at the Index price on the Segment Start Date decreased by the Segment Buffer.

1 <br> ICC25-DSU

------

**RIDER CHARGE** 

There is no charge for this Rider.

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY** 

---

| | |
|:---|:---|
| [ | [ |
| ![LOGO](g940225g53f00.jpg) | ![LOGO](g940225g64u65.jpg) |
| Mark Pearson,<br> Chief Executive Officer] | José Ramón González<br> Chief Legal Officer and Secretary] |

---

2 <br> ICC25-DSU

## Ex-99.(27)(D)(17)

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY,** 

**domiciled in New York** 

**ENHANCED UPSIDE SEGMENT OPTION RIDER** 

This Rider is part of your Contract, and its provisions apply in lieu of any Contract provisions to the contrary. There are new definitions in this Rider that are applicable to Enhanced Upside Segments which are introduced below. In this Rider, "we", "our" and "us" mean Equitable Financial Life Insurance Company, "you" and "your" mean the Owner and "Rider" means this Rider.

This Rider is effective immediately.

*The following is added to the definition of Segment Rate of Return:* 

**SECTION [2.01(n)] SEGMENT RATE OF RETURN** 

For the Enhanced Upside Segment Option, your Segment Rate of Return on the Segment Maturity Date is determined as shown below. The Participation Rate for this Segment Option is generally higher compared to other Segment Options offered with the same Index, Segment Duration, and Segment Buffer.

---

| | |
|:---|:---|
| **If the Index Performance Rate:** | **Then the Segment Rate of Return will be:** |
| When multiplied by the Participation Rate<br> is positive | Equal to the lesser of the (1) Index Performance Rate multiplied by the Participation Rate[, minus the cumulative Contract Fee] or (2) Performance Cap Rate[, minus the cumulative Contract Fee] |
| Is between zero and the Segment Buffer, inclusive of both | Equal to 0%[, minus the cumulative Contract Fee] |
| Is more negative than the Segment Buffer | Negative, to the extent the percentage decline exceeds the Segment Buffer[, minus the cumulative Contract Fee] |

---

*The following is added to the Segment Interim Value section:* 

**SECTION [2.04] SEGMENT INTERIM VALUE** 

For the Enhanced Upside Option, at the time the Segment Interim Value is determined, the Fair Value of Hypothetical Derivatives is calculated using an option pricing model for valuing several different hypothetical options: (1) buying an At-the-Money Call Option, (2) selling an Out-of-the-Money Call Option, and (3) selling an Out-of-the-Money Put Option.

"At-the-Money Call Option" gives the right to buy the relevant Index equal to the Segment Investment multiplied by the Participation Rate on the scheduled Segment Maturity Date, at the Index price on the Segment Start Date.

"Out-of-the-Money Call Option" gives the right to buy the relevant Index equal to the Segment Investment multiplied by the Participation Rate on the scheduled Segment Maturity Date, at the Index price on the Segment Start Date increased by the (Performance Cap Rate divided by the Participation Rate).

"Out-of-the-Money Put Option" gives the right to sell the relevant Index equal to the Segment Investment on the scheduled Segment Maturity Date, at the Index price on the Segment Start Date decreased by the Segment Buffer.

---

| | |
|:---|:---|
| ICC25-EU | 1 |

---

------

**RIDER CHARGE** 

There is no charge for this Rider.

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY** 

---

| | |
|:---|:---|
| [ | [ |
| ![LOGO](g940225g84v43.jpg) | ![LOGO](g940225g87e97.jpg) |
| Mark Pearson, | José Ramón González |
| Chief Executive Officer] | Chief Legal Officer and Secretary] |

---

---

| | |
|:---|:---|
| ICC25-EU | 2.0 |

---

## Ex-99.(27)(D)(18)

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY,** 

**domiciled in New York** 

**GREATER OF ROLL-UP OR HIGHEST ANNIVERSARY VALUE** 

**GUARANTEED MINIMUM DEATH BENEFIT RIDER** 

**("GREATER OF GMDB")** 

This Rider is part of your Contract, and its provisions apply in lieu of any Contract provisions to the contrary. There are new definitions in this Rider which are introduced below. In this Rider, "we", "our", and "us" mean Equitable Financial Life Insurance Company, "you" and "your" mean the Owner, and "Rider" means this Rider. 

**This Rider cannot be voluntarily terminated once it is elected.** 

For Contracts with Non-Natural Owners, the terms "Owner" and "Joint Owner" referenced below in Sections I, II and II(a) are replaced with "Annuitant" and "Joint Annuitant", respectively.

**<u>RIDER SPECIFICATIONS</u>**

Rider Effective Date: The Contract Date as shown in your Data Pages.

Annual Rider Charge: [0.75%]. See additional details in the Rider Charge section below.

Maximum Roll-Up Age: [85]

Roll-Up Rate: [5.0%]

Daily Roll-Up Rate: [0.013699%]

Limits on Contributions: Described in your Data Pages.

**<u>I. THIS RIDER'S GREATER OF GMDB</u>**

The Greater of GMDB is derived from the GMDB Benefit Base which is the higher of the Roll-Up Benefit Base or the Highest Anniversary Value ("HAV") Benefit Base. The GMDB Benefit Base is used solely to calculate the Greater of GMDB described in this Rider and its charge, and does not provide a Cash Value or any minimum Annuity Account Value ("AAV"). This Rider describes the operation of the GMDB Benefit Base, the effect of withdrawals on the GMDB Benefit Base, the cost of this Rider, and how this Rider may terminate.

Your Greater of GMDB Rider will terminate upon assignment or a change in ownership of the Contract unless the new assignee or Owner meets the qualifications specified in the Termination of this Rider (Section V) provision.

The terms and conditions to continue this Contract or Rider upon the death of the Owner, are described in the Endorsement Applicable to [Non-Qualified/Traditional IRA/Roth IRA/SEP-IRA] Contracts, as applicable, and in the Endorsement Applicable to Contract Continuation and Its Effect on a Death Benefit Rider.

Your Greater of GMDB amount payable under this Rider is determined by comparing the AAV on the Benefit Transaction Date to the GMDB Benefit Base on the date of death of the individual, determined and described below in this Rider. The higher amount is payable as the Greater of GMDB.

**<u>II.</u> <u>OPERATION OF THE GREATER OF GMDB</u><u> </u>** 

Your GMDB Benefit Base is used to determine your Greater of GMDB described below. Your GMDB Benefit Base is also used to determine the cost of this Rider as described in Section IV below.

ICC25-GRDB <br> Page 1

------

Your GMDB Benefit Base is the greater of the Roll-Up Benefit Base or the HAV Benefit Base. Your Greater of GMDB amount payable under this Rider is determined by comparing the AAV on the Benefit Transaction Date to your GMDB Benefit Base on the date of death (adjusted dollar for dollar for any post-death withdrawals and Contributions) of the Owner for a single Owner Contract, or in the case of a Contract with Joint Owners, on the date of death of the second to die of the Joint Owners. The higher amount is payable as the Greater of GMDB under this Rider.

The Roll-Up Benefit Base stops rolling up on the Contract Date Anniversary on or following the Owner's (or older Joint Owner's, if applicable) [85<sup>th</sup>] birthday. As described below, the HAV Benefit Base is eligible to ratchet each Contract Date Anniversary up to and including the Contract Maturity Date (see Data Pages for additional details).

For a Joint Owner Contract where the Owner and Joint Owner are no longer married at the time of the first death, the Payment Upon Death Rules and Rules Applicable Upon Divorce described in the applicable Endorsement will apply.

Your initial Roll-Up Benefit Base and HAV Benefit Base are each equal to your initial Contribution. Thereafter, the Roll-Up Benefit Base and HAV Benefit Base will increase by the dollar amount of any subsequent Contributions, and will be adjusted for withdrawals. The Roll-Up Benefit Base and the HAV Benefit Base are each adjusted for any withdrawals as described under "Effect of Withdrawals on Your Roll-Up Benefit Base and HAV Benefit Base" below.

The way we calculate your GMDB Benefit Base is more fully described below.

**II(a). HOW THE ROLL-UP BENEFIT BASE IS DETERMINED:** 

Your initial "Roll-Up Benefit Base" is equal to your initial Contribution and thereafter will increase by the dollar amount of any subsequent Contributions and by the daily Roll-Up Amount. The Roll-Up Benefit Base will be adjusted for any withdrawals, including any applicable Withdrawal Charges.

The daily "Roll-Up Rate" is used to calculate the daily Roll-Up Amount for the Roll-Up Benefit Base using a simple interest accumulation method. The daily Roll-Up Rate is the daily rate of the Roll-Up Rate. Both rates are indicated above in the Rider Specifications. The daily "Roll-Up Amount" is equal to the Net Contributions multiplied by the daily Roll-Up Rate. "Net Contributions" are the sum of all Contributions minus the sum of all withdrawals, including any applicable Withdrawal Charges, through the prior Business Day.

The daily Roll-Up Amount is added to the Roll-Up Benefit Base daily starting on the Business Day after your Contract is issued and continues through the Contract Date Anniversary following the Owner's (or older Joint Owner's, if applicable) [85<sup>th</sup>] birthday, after which time the daily Roll-Up Amount is zero and the Roll-Up Benefit Base stops rolling up. If on any day the daily Roll-Up Amount is negative, due to the sum of withdrawals, including applicable Withdrawal Charges, that exceed the sum of Contributions, the daily Roll-Up Amount will be deemed to be zero.

The daily Roll-Up Amount is calculated through your date of death. The daily Roll-Up Amount is zero after your date of death, and the Roll-Up Benefit Base stops rolling up.

**II(b). HOW THE HAV BENEFIT BASE IS DETERMINED** 

For the HAV Benefit Base, on each Contract Date Anniversary, up to and including the Contract Maturity Date, if the AAV is greater than the current HAV Benefit Base, the HAV Benefit Base will increase to equal the AAV.

**<u>III. EFFECT OF WITHDRAWALS ON YOUR ROLL-UP BENEFIT BASE AND HAV BENEFIT BASE</u>**

Your Roll-Up Benefit Base and HAV Benefit Base will each be reduced by withdrawals, including any applicable Withdrawal Charges. While the reduction is determined separately for each of your Roll-Up Benefit Base and your HAV Benefit Base, it is determined in the same manner, as described below. During each Contract Year, your Roll-Up Benefit Base and HAV Benefit Base will each be reduced on a pro rata basis by any withdrawals, including withdrawals we make to you under our Automatic RMD Withdrawal Service.

ICC25-GRDB <br> Page 2

------

A pro rata reduction of the Roll-Up Benefit Base and HAV Benefit Base are each determined as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The numerator is the amount of the withdrawal, including any applicable Withdrawal Charges. The denominator is the AAV immediately preceding the withdrawal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Multiply the fraction calculated above in (1) by the amount of each of your Roll-Up Benefit Base and HAV Benefit Base immediately preceding the withdrawal. This is the amount of the pro rata reduction. We will reduce each of your Roll-Up Benefit Base and HAV Benefit Base by this amount, as of the Transaction Date of each withdrawal.

**<u>IV. THE RIDER CHARGE</u>**

The "Rider Charge" is [0.75%] of the GMDB Benefit Base, which is based on the greater of the Roll-Up Benefit Base or HAV Benefit Base, on your Contract Date Anniversary.

We will determine and deduct the above Rider Charge annually from your AAV on each Contract Date Anniversary for which the Rider is in effect. Upon the termination of this Rider, including on each Beneficiary's applicable Benefit Transaction Date, a pro rata Rider Charge will be deducted from your Contract for the portion of any Contract Year in which this Rider is in effect, prior to being terminated, pursuant to Section V of this Rider.

This Rider Charge is deducted on your Contract Date Anniversary from your AAV in the following order: Guaranteed Interest Option, Segment Type Holding Account(s) on a pro rata basis, Special Dollar Cap Averaging, General Dollar Cap Averaging, and Segment(s) on a pro rata basis. Alternatively, you may provide specific instructions on how the Rider Charge is to be deducted.

**<u>V. TERMINATION OF THIS RIDER</u>** 

This Rider cannot be voluntarily terminated once it is elected.

Unless otherwise provided below, this Rider will automatically terminate if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Owner (or Annuitant, in the case of a Non-Natural Owner) is
changed; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a Joint Owner (or Joint Annuitant, in the case of a Non-Natural Owner)
is added and the new Joint Owner (or Joint Annuitant) is not your spouse; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) a Joint Owner (or Joint Annuitant, in the case of a Non-Natural Owner)
is added and the new Joint Owner (or Joint Annuitant) does not meet the age eligibility requirements for this Rider; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) a Joint Owner (or Joint Annuitant, in the case of a Non-Natural Owner)
is removed from a jointly owned Contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the Contract is continued under the Beneficiary Continuation Option, if applicable; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) amounts under the Contract are applied to an Annuity Benefit; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) you make an assignment of this Contract or any rights under this Contract, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) termination is required by an Endorsement to your Contract, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) the Contract terminates.

In accordance with clause (i) in the above paragraph, items (1) and (2) below apply. In accordance with clause (iv) in the above paragraph, item (3) below applies. Accordingly, this Rider will not terminate if any of the following occurs:

ICC25-GRDB <br> Page 3

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) A Contract owned by a Non-Natural Owner, if the Owner is changed to a
different Non-Natural Owner or to the Annuitant (under single Annuitant Contracts) or Joint Annuitants (under Joint Annuitant Contracts), if applicable, this Rider will not terminate and its benefits will
continue to be determined by the Annuitant or Joint Annuitants, as applicable, at the time of the ownership change.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) A Contract owned by an individual, if the Owner or Joint Owner, if applicable, is changed to a trust and the
beneficial owner(s) remains the former Owner or Joint Owner, if applicable, or his or her family members, this Rider will not terminate and its benefits continue to be determined by the Owner or Joint Owner, as applicable. "Family
member" means members of the immediate family and other relatives. "Immediate family" means spouse, domestic partner, civil union partner, parent, child, adopted child, step-child, brother and sister. "Other relatives"
means grandparent, grandchildren, aunt, uncle, niece, nephew, and in-laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) For a jointly owned Contract, you divorce and in accordance with your divorce decree, your former spouse is
awarded 100% of the AAV under your Contract.

Upon termination of this Rider, its charge will end.

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY** 

---

| | |
|:---|:---|
| [ | [ |
| ![LOGO](g940225g53f00.jpg) | ![LOGO](g940225g64u65.jpg) |
| Mark Pearson,<br> Chief Executive Officer] | José Ramón González,<br> Chief Legal Officer and Secretary] |

---

ICC25-GRDB <br> Page 4

## Ex-99.(27)(D)(19)

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY,** 

**domiciled in New York** 

**HIGHEST ANNIVERSARY VALUE** 

**GUARANTEED MINIMUM DEATH BENEFIT RIDER** 

**("HAV GMDB")** 

This Rider is part of your Contract, and its provisions apply in lieu of any Contract provisions to the contrary. There are new definitions in this Rider which are introduced below. In this Rider, "we", "our", and "us" mean Equitable Financial Life Insurance Company, "you" and "your" mean the Owner, and "Rider" means this Rider. 

**This Rider cannot be voluntarily terminated once it is elected.** 

For Contracts with Non-Natural Owners, the terms "Owner" and "Joint Owner" referenced below in Sections I, II, and IV are replaced with "Annuitant" and "Joint Annuitant", respectively.

**<u>RIDER SPECIFICATIONS</u>**

Rider Effective Date: The Contract Date, as shown in your Data Pages.

Annual Rider Charge: [0.20%]. See additional details in the Rider Charge section below.

Limits on Contributions: Described in your Data Pages.

**<u>I. THIS RIDER'S HAV GMDB</u>**

The HAV GMDB is derived from a Highest Anniversary Value Benefit Base ("HAV Benefit Base") as described below. The HAV Benefit Base is used solely to calculate the HAV GMDB described in this Rider and its charge, and does not provide a Cash Value or any minimum Annuity Account Value ("AAV"). This Rider describes the operation of your HAV Benefit Base, the effect of withdrawals on your HAV Benefit Base, the cost of this Rider, and how this Rider may terminate.

Your HAV GMDB Rider will terminate upon assignment or a change in ownership of the Contract unless the new assignee or Owner meets the qualifications specified in the Termination of this Rider (Section VI) provision.

The terms and conditions to continue this Contract and Rider upon the death of the Owner, are described in the Endorsement Applicable to [Non-Qualified/Traditional IRA/Roth IRA/SEP-IRA] Contracts, as applicable, and in the Endorsement Applicable to Contract Continuation and Its Effect on a Death Benefit Rider.

Your HAV GMDB amount payable under this Rider is determined by comparing the AAV on the Benefit Transaction Date to the HAV Benefit Base on the date of death of the individual, determined and described below in this Rider. The higher amount is payable as the HAV GMDB.

**<u>II. OPERATION OF YOUR HAV GMDB RIDER</u>**

Your HAV Benefit Base is used to determine your HAV GMDB described below. Your HAV Benefit Base is also used to determine the cost of this Rider as described in Section V below.

Your initial HAV Benefit Base is equal to your initial Contribution. Thereafter, the HAV Benefit Base will increase by the dollar amount of any subsequent Contributions you make. The HAV Benefit Base is also adjusted for any withdrawals as described under "Effect of Withdrawals on Your HAV Benefit Base" below.

ICC25-HAVDB Page 1

------

For single Owner Contracts, on each Contract Date Anniversary, on and including the Contract Maturity Date based on the age of the Owner (see Data Pages for additional details), if your AAV is greater than your current HAV Benefit Base, your HAV Benefit Base will increase to equal your AAV. For Joint Owner Contracts, the HAV Benefit Base will ratchet on and including the Contract Maturity Date, based on the age of the older Joint Owner.

**<u>III. EFFECT OF WITHDRAWALS ON YOUR HAV BENEFIT BASE</u>** 

Your HAV Benefit Base will be reduced by withdrawals, including any applicable Withdrawal Charges. During each Contract Year, your HAV Benefit Base will be reduced on a pro rata basis by any withdrawals, including withdrawals we make to you under our Automatic RMD Withdrawal Service.

A pro rata reduction of your HAV Benefit Base is determined as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The numerator is the amount of the withdrawal, including any applicable Withdrawal Charges. The denominator is your AAV immediately preceding the withdrawal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Multiply the fraction calculated above in (1) by the amount of your HAV Benefit Base immediately preceding the withdrawal. This is the amount of the pro rata reduction. We will reduce your HAV Benefit Base by this amount, as of the Transaction Date of each withdrawal.

**<u>IV. PAYMENT OF THE HAV GMDB</u>** 

Your HAV GMDB amount payable under this Rider is determined by comparing the AAV on the Benefit Transaction Date to your HAV Benefit Base on the date of death (adjusted dollar for dollar for any post-death withdrawals and Contributions) of the Owner for a single Owner Contract, or in the case of a Contract with Joint Owners, on the date of death of the second to die of the Joint Owners. The higher amount is payable as the HAV GMDB under this Rider.

For a Joint Owner Contract where the Owner and Joint Owner are no longer married at the time of the first death, the Payment Upon Death Rules and Rules Applicable Upon Divorce described in the applicable Endorsement will apply.

**<u>V. THE RIDER CHARGE</u>**

The "Rider Charge" is [0.20%] of the HAV Benefit Base on your Contract Date Anniversary.

We will determine and deduct the above Rider Charge annually from your AAV on each Contract Date Anniversary for which the Rider is in effect. Upon the termination of this Rider, including on each Beneficiary's applicable Benefit Transaction Date, a pro rata Rider Charge will be deducted from your Contract for the portion of any Contract Year in which this Rider is in effect, prior to being terminated, pursuant to Section VI of this Rider.

This Rider Charge is deducted on your Contract Date Anniversary from your AAV in the following order: Guaranteed Interest Option, Segment Type Holding Account(s) on a pro rata basis, Special Dollar Cap Averaging, General Dollar Cap Averaging, and Segment(s) on a pro rata basis. Alternatively, you may provide specific instructions on how the Rider Charge is to be deducted.

**<u>VI. TERMINATION OF THIS RIDER</u>** 

This Rider cannot be voluntarily terminated once it is elected.

ICC25-HAVDB Page 2

------

Unless otherwise provided below, this Rider will automatically terminate if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Owner (or Annuitant, in the case of a Non-Natural Owner) is
changed; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a Joint Owner (or Joint Annuitant, in the case of a Non-Natural Owner)
is added and the new Joint Owner (or Joint Annuitant) is not your spouse; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) a Joint Owner (or Joint Annuitant, in the case of a Non-Natural Owner)
is added and the new Joint Owner (or Joint Annuitant) does not meet the age eligibility requirements for this Rider; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) a Joint Owner (or Joint Annuitant, in the case of a Non-Natural Owner)
is removed from a jointly owned Contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the Contract is continued under the Beneficiary Continuation Option, if applicable; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) amounts under the Contract are applied to an Annuity Benefit; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) you make an assignment of this Contract or any rights under this Contract, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) termination is required by an Endorsement to your Contract, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) the Contract terminates.

In accordance with clause (i) in the above paragraph, items (1) and (2) below apply. In accordance with clause (iv) in the above paragraph, item (3) below applies. Accordingly, this Rider will not terminate if any of the following occurs:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) A Contract owned by a Non-Natural Owner, if the Owner is changed to a
different Non-Natural Owner or to the Annuitant (under single Annuitant Contracts) or Joint Annuitants (under Joint Annuitant Contracts), if applicable, this Rider will not terminate and its benefits will
continue to be determined by the Annuitant or Joint Annuitants, as applicable, at the time of the ownership change.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) A Contract owned by an individual, if the Owner or Joint Owner, if applicable, is changed to a trust and the
beneficial owner(s) remains the former Owner or Joint Owner, if applicable, or his or her family members, this Rider will not terminate and its benefits continue to be determined by the Owner or Joint Owner, as applicable. "Family
member" means members of the immediate family and other relatives. "Immediate family" means spouse, domestic partner, civil union partner, parent, child, adopted child, step-child, brother and sister. "Other relatives"
means grandparent, grandchildren, aunt, uncle, niece, nephew, and in-laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) For a jointly owned Contract, you divorce and in accordance with your divorce decree, your former spouse is
awarded 100% of the AAV under your Contract.

Upon the termination of this Rider, its charge will end.

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY** 

---

| | |
|:---|:---|
| [ | [ |
| ![LOGO](g940225g53f00.jpg) | ![LOGO](g940225g64u65.jpg) |
| Mark Pearson,<br> Chief Executive Officer] | José Ramón González,<br> Chief Legal Officer and Secretary] |

---

ICC25-HAVDB Page 3

## Ex-99.(27)(D)(20)

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY,** 

**domiciled in New York** 

**RETURN OF PREMIUM GUARANTEED MINIMUM DEATH BENEFIT RIDER ("ROP GMDB")** 

This Rider is part of your Contract, and its provisions apply in lieu of any Contract provisions to the contrary. There are new definitions in this Rider which are introduced below. In this Rider, "we", "our" and "us" mean Equitable Financial Life Insurance Company, "you" and "your" mean the Owner and "Rider" means this Rider.

**This Rider cannot be voluntarily terminated once it is elected.** 

For Contracts with Non-Natural Owners, the terms "Owner" and "Joint Owner" referenced below in Sections I and II are replaced with "Annuitant" and "Joint Annuitant", respectively.

**<u>RIDER SPECIFICATIONS</u>**

Rider Effective Date: The Contract Date as shown in your Data Pages.

Rider Charge: There is no charge for this Rider.

Limits on Contributions: Described in your Data Pages.

**<u>I. THIS RIDER'S DEATH BENEFIT</u>**

Subject to the terms and conditions of this Rider, we will pay a ROP GMDB under this Contract as described in Section II below. Your ROP GMDB is determined by your Return of Premium Benefit Base ("ROP BB").

The ROP GMDB does not provide a Cash Value or any minimum Annuity Account Value ("AAV") and cannot be withdrawn. Withdrawals will cause an adjustment to your ROP BB as described in Section II below.

The terms and conditions to continue this Contract and Rider upon the death of the Owner are described in the Endorsement Applicable to [Non-Qualified /Traditional IRA/Roth IRA/SEP-IRA] Contracts (as applicable) and in the Endorsement Applicable to Contract Continuation and Its Effect on a Death Benefit Rider.

**<u>II. OPERATION OF YOUR ROP GMDB RIDER</u>**

Your ROP GMDB amount is calculated as follows:

1) On your Contract Date, the ROP BB will be equal to your initial Contribution made to your Contract.

2) On the Transaction Date of any subsequent Contribution, we will increase the ROP BB by the dollar amount of any subsequent Contribution. 

ICC25-ROPSCSPR Page 1

------

3) On the Transaction Date of any partial withdrawal, we will decrease the ROP BB on a pro-rata basis by the partial withdrawal amount, including any Withdrawal Charge which applies. 

A pro-rata reduction is determined as follows:

1) The numerator is the amount of the withdrawal including any applicable Withdrawal Charges. The denominator is your Annuity Account Value immediately preceding the withdrawal. 

2) Multiply the fraction calculated in (1) by the amount of your ROP BB immediately preceding the Withdrawal. 

3) This is the amount of the pro-rata reduction. We will reduce your ROP BB by this amount as of the Transaction Date of each withdrawal. 

The Death Benefit amount payable upon the death of the Owner for a single Owner Contract, or in the case of a Joint Owner Contract on the date of death of the second to die of the Joint Owners under the Contract when issued with this Rider will be the greater of:

1) the ROP BB amount (adjusted dollar for dollar for any post-death Withdrawals & Contributions); or 

2) the Death Benefit as described in the "Payment Upon Death" Section in your Contract.

For a Joint Owner Contract where the Owner and Joint Owner, are no longer married at the time of the first death, the Payment Upon Death Rules and Rules Applicable upon Divorce described in the applicable Endorsement will apply.

**<u>III. TERMINATION OF THIS RIDER</u>**

This Rider cannot be voluntarily terminated once it is elected.

Unless otherwise provided below, this Rider will automatically terminate if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Owner (or Annuitant, in the case of a Non-Natural Owner) is
changed; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a Joint Owner (or Joint Annuitant, in the case of a Non-Natural Owner)
is added and the new Joint Owner (or Joint Annuitant) does not meet the age eligibility requirements for this Rider; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) a Joint Owner (or Joint Annuitant, in the case of a Non-Natural Owner)
is removed from a jointly owned Contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the Contract is continued under the Beneficiary Continuation Option, if applicable; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) amounts under the Contracts are applied to an Annuity Benefit; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) you make an assignment of this Contract, or any of the rights under this Contract, or

ICC25-ROPSCSPR Page 2

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) termination is required by an Endorsement to your Contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) the Contract terminates.

In accordance with clause (i) in the above paragraph, items (1) and (2) below apply. In accordance with clause (iii) in the above paragraph, item (3) below applies. Accordingly, this Rider will not terminate if any of the following occurs:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. A Contract owned by a Non-Natural Owner, if the Owner is changed to a
different Non-Natural Owner or to the Annuitant (under single Anuitant Contracts) or Joint Annuitants (under Joint Annuitant Contracts), if applicable, this Rider will not terminate and its benefits will
continue to be determined by the Annuitant or , Joint Annuitants, as applicable, at the time of the ownership change.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. A Contract owned by an individual, if the Owner or Joint Owner, if applicable, is changed to a trust and the
beneficial owner(s) remains the former Owner or Joint Owner , if applicable, or his or her family members, this Rider will not terminate and its benefits continue to be determined by the Owner or Joint Owner, as applicable. "Family
member" means members of the immediate family and other relatives. "Immediate family" means spouse, domestic partner, civil union partner, parent, child, adopted child, step-child, brother and sister. "Other relatives"
means grandparent, grandchildren, aunt, uncle, niece, nephew, and in-laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. For a jointly owned Contract, if you divorce, and in accordance with your divorce decree, your former spouse is
awarded 100% of the AAV under your Contract.

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY** 

---

| | |
|:---|:---|
| [ | [ |
| ![LOGO](g940225g53f00.jpg) | ![LOGO](g940225g64u65.jpg) |
| Mark Pearson,<br> Chief Executive Officer] | José Ramón González<br> Chief Legal Officer and Secretary] |

---

ICC25-ROPSCSPR Page 3

## Ex-99.(27)(D)(21)

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY,** 

**domiciled in New York** 

**STANDARD SEGMENT OPTION RIDER** 

This Rider is part of your Contract, and its provisions apply in lieu of any Contract provisions to the contrary. There are new definitions in this Rider that are applicable to Standard Segments which are introduced below. In this Rider, "we", "our" and "us" mean Equitable Financial Life Insurance Company, "you" and "your" mean the Owner and "Rider" means this Rider.

This Rider is effective immediately.

*The following is added to the definition of Segment Rate of Return:* 

**SECTION [2.01(n)] SEGMENT RATE OF RETURN** 

For the Standard Segment Option, your Segment Rate of Return on Segment Maturity Date is determined as follows:

---

| | |
|:---|:---|
| **If the Index Performance Rate:** | **Then the Segment Rate of Return will be:** |
|  When multiplied by the Participation Rate<br> is greater than the Performance Cap Rate | Equal to the Performance Cap Rate[, minus the cumulative Contract Fee] |
|  When multiplied by the Participation Rate<br> is positive and less than or equal to the Performance Cap Rate | Equal to the Index Performance Rate multiplied by the Participation Rate[, minus the cumulative Contract Fee] |
|  Is between zero and the Segment Buffer, inclusive of both | Equal to 0%[, minus the cumulative Contract Fee] |
|  Is more negative than the Segment Buffer | Negative to the extent the percentage decline exceeds the Segment Buffer[, minus the cumulative Contract Fee] |

---

*The following is added to the Segment Interim Value section:* 

**SECTION [2.04] SEGMENT INTERIM VALUE** 

For the Standard Segment Option, at the time the Segment Interim Value is determined, the Fair Value of Hypothetical Derivatives is calculated using an option pricing model for valuing three different hypothetical options: (1) buying an At-the-Money Call Option, (2) selling an Out-of-the-Money Call Option, and (3) selling an Out-of-the-Money Put Option.

"At-the-Money Call Option" gives the right to buy the relevant Index equal to the Segment Investment multiplied by the Participation Rate on the scheduled Segment Maturity Date, at the Index price on the Segment Start Date.

---

| | |
|:---|:---|
| ICC25-ST | 1 |

---

------

"Out-of-the-Money Call Option" gives the right to buy the relevant Index equal to the Segment Investment multiplied by the Participation Rate on the scheduled Segment Maturity Date, at the Index price on the Segment Start Date increased by (the Performance Cap Rate divided by the Participation Rate).

"Out-of-the-Money Put Option" gives the right to sell the relevant Index equal to the Segment Investment on the scheduled Segment Maturity Date, at the Index price on the Segment Start Date decreased by the Segment Buffer.

**RIDER CHARGE** 

There is no charge for this Rider.

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY** 

---

| | |
|:---|:---|
| [ | [ |
| ![LOGO](g940225g53f00.jpg) | ![LOGO](g940225g64u65.jpg) |
| Mark Pearson,<br> Chief Executive Officer] | José Ramón González<br> Chief Legal Officer and Secretary] |

---

---

| | |
|:---|:---|
| ICC25-ST | 2.0 |

---

## Ex-99.(27)(D)(22)

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY,** 

**domiciled in New York** 

**STEP UP SEGMENT OPTION RIDER** 

This Rider is part of your Contract, and its provisions apply in lieu of any Contract provisions to the contrary. There are new definitions in this Rider which are introduced below. In this Rider, "we", "our" and "us" mean Equitable Financial Life Insurance Company, "you" and "your" mean the Owner and "Rider" means this Rider.

This Rider is effective immediately.

*The following is added to the definition of Segment Rate of Return:* 

**SECTION [2.01(n)] SEGMENT RATE OF RETURN** 

For the Step Up Segment Option, your Segment Rate of Return on Segment Maturity Date is determined as follows:

---

| | |
|:---|:---|
| **If the Index Performance Rate:** | **Then the Segment Rate of Return will be:** |
|  When multiplied by the Participation Rate is zero or positive | Equal to the Performance Cap Rate[, minus the cumulative Contract Fee] |
|  Is negative but less than or equal to the Segment Buffer | Equal to 0%[, minus the cumulative Contract Fee] |
|  Is more negative than the Segment Buffer | Negative, to the extent the percentage decline exceeds the Segment Buffer[, minus the cumulative Contract Fee] |

---

*The following is added to the Segment Interim Value section:* 

**SECTION [2.04] SEGMENT INTERIM VALUE** 

For the Step Up Segment Option, at the time the Segment Interim Value is determined, the Fair Value of Hypothetical Derivatives is calculated using an option pricing model for valuing two different hypothetical options: (1) buying an At-the-Money Binary Call Option, and (2) selling an Out-of-the-Money Put Option.

"At-the-Money Binary Call Option" gives the right to receive the relevant Index equal to the Segment Investment multiplied by the Performance Cap Rate on the scheduled Segment Maturity Date if the Index price multiplied by the Participation Rate on the Segment Maturity Date is at or higher than on the Segment Start Date.

"Out-of-the-Money Put Option" gives the right to sell the relevant Index equal to the Segment Investment on the scheduled Segment Maturity Date, at the Index price on the Segment Start Date decreased by the Segment Buffer.

1 <br> ICC25-SU

------

**RIDER CHARGE** 

There is no charge for this Rider.

**EQUITABLE FINANCIAL LIFE INSURANCE COMPANY** 

---

| | |
|:---|:---|
| [ | [ |
| ![LOGO](g940225g53f00.jpg) | ![LOGO](g940225g64u65.jpg) |
| Mark Pearson,<br> Chief Executive Officer] | José Ramón González<br> Chief Legal Officer and Secretary] |

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2 <br> ICC25-SU

## Ex-99.(27)(E)(1)

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Equitable Financial Life Insurance Company (EFLIC), domiciled in New York Equitable Financial Life Insurance Company of America (EFLOA), domiciled in Arizona Issuing Company: The issuing Company for the contract will be Equitable Financial Life Insurance Company of America, unless the primary selling Agent is an Equitable Advisors Financial Professional whose business address is in the state of New York, in which case the issuing Company will be Equitable Financial Life Insurance Company. STRUCTURED CAPITAL STRATEGIES PREMIER Application for an Individual Variable and Index Linked Deferred Annuity Regular Mail: Equitable Retirement PO Box 1424 Service Solutions Charlotte, NC 28201-1424 Express Mail: Equitable Retirement 8501 IBM Dr Service Solutions Ste Charlotte, 150-IR NC 28262 please For call Assistance, 888-517-9900 www.equitable.com R E Q U I R E D R E Q U I R E D R E Q U I R E D 1. Contract Series and Type A. Contract Series All share Classes may not be available at all Broker Dealers Series B $25,000 Minimum Contribution Withdrawal Charges 6 year: 8%,8%,7%,6%,5%,4% Select Series $25,000 Minimum Contribution No Withdrawal Charges B. Choose a Contract Type. Non-Qualified (NQ) Traditional Individual Retirement Account (IRA) Roth IRA SEP IRA Qualified Plan Defined Contribution (QPDC) Qualified Plan Defined Benefit (QPDB) Inherited IRA Beneficiary Continuation Option (BCO) (Direct Transfer of Decedent IRA) Inherited Roth IRA BCO (Direct Transfer of Decedent Roth IRA) Inherited NQ (1035 Exchange of Decedent NQ) Non-Spousal Beneficiary of Qualified Plan (QP) (Direct Rollover to an Inherited IRA BCO) IRA Non-Spousal BCO) Beneficiary of QP (Direct Rollover to an Inherited Roth 2. Total Initial Contribution(s) Initial Contribution $(Minimum: $25,000) Estimated Value Required In Case of Transfer Specify Method(s) of Payment: Check or Wire (make check payable to: Equitable) 1035 Exchange (NQ, Inherited NQ) CD or Mutual Funds Proceeds (NQ) Direct Transfer (IRA, Roth IRA or SEP IRA) Financial Professional/Client will request funds Rollover (IRA, Roth IRA or SEP IRA) Employer Contribution to SEP IRA (Employee contributions not permitted) Direct Rollover (Non-Spousal Beneficiary QP to Inherited IRA BCO) Direct Rollover (Non-Spousal Beneficiary QP to Inherited Roth IRA BCO) (Equitable's assistance in collecting funds is not required.) (IRA or Roth IRA) 3. Account Registration (Must be a legal resident of U.S. or U.S. territories) (Check one) Individual Uniform Gift to Minors Act / Uniform Transfer to Minors Act (Child's SSN) The Owner types below require additional form(s). See the New Business Form Booklet for more information. Trust Qualified Plan Trust (QPDC/QPDB) Other Non-Natural Owner Custodian (IRA/ROTH) Beneficiary of the Deceased IRA or NQ Owner Non-Spousal Beneficiary of Deceased QP Participant A. Owner Male Female Date of Birth (MM/DD/YYYY) Daytime Phone # Owner Name (First) (Middle Initial) (Last) Employer Name (for SEP IRA contracts only) Owner Taxpayer Identification Number (Check one) Social Security Number (SSN) Employer Identification Number (EIN) Individual Taxpayer Identification Number (ITIN) Home Offices: EFLIC 1345 Avenue of the Americas, New York, NY 10105 EFLOA 3030 North Third Street, Suite 790 Phoenix, AZ 85012 ICC25 App SCSPR X04794_Compact Cat. No. 900310 Structured Capital Strategies Premier Page 1 of 10

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3. Account Registration (cont'd) R E Q U I R E D R E Q U I R E D A. Owner (cont'd) Email Address I am interested in receiving all documents electronically from Equitable via e-delivery. U.S. Primary Resident Address only – No P.O. Box City State Zip Code If your Mailing Address is different from the Primary Residential Address above, please provide your Mailing Address in Section 12. B. PATRIOT Act Information Owner must complete this section. If the Owner is not an individual, the Annuitant must complete this section. U.S. Citizen Yes No If no, check either: U.S. Visa (Complete below) or Permanent Resident (Green Card) (Copy of document required) Identification/Passport# Exp. Date U.S. Visa Type (if applicable) C. Joint Owner (Must be a legal resident of U.S. or U.S. territories) NQ Only Male Female Date of Birth (MM/DD/YYYY) Daytime Phone # Name (First) (Middle Initial) (Last) Relationship to Owner (Check one) Spouse Other Taxpayer Identification Number (Check one) SSN ITIN Email Address U.S. Primary Resident Address only – No P.O. Box City State Zip Code Joint Owner Form of Identification (Check one) Valid Driver's License Passport State Issued ID Identification Number Exp. Date (MM/DD/YYYY) D. Annuitant (Required if other than Owner.) Annuitant must complete the PATRIOT Act Information in section 3B if the owner is NOT an individual. Male Female Date of Birth (MM/DD/YYYY) Daytime Phone # Name (First) (Middle Initial) (Last) Taxpayer Identification Number (Check one) SSN ITIN U.S. Primary Residential Address only – No P.O. Box City State Zip Code Contract Maturity Date: The Contract Maturity Date may not be later than the Contract Date Anniversary on or following the Annuitant's 98th birthday. You may commence annuity payments earlier by submitting a written request to our Processing Office in accordance with the Contract. E. Joint Annuitant Relationship to Annuitant (Check one) Spouse Other Male Female Date of Birth (MM/DD/YYYY) Daytime Phone # Name (First) (Middle Initial) (Last) Taxpayer Identification Number (Check one) SSN ITIN U.S. Primary Residential Address only – No P.O. Box City State Zip Code Structured Capital Strategies Premier ICC25 App SCSPR X04794_Compact Page 2 of 10 R E Q U I R E D

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4. Beneficiary(ies) (Please use Special Instructions Section for Additional Beneficiaries.) Enter the beneficiaries full name below. Unless otherwise indicated, proceeds will be divided equally. A. Primary 1. % Primary Beneficiary Name Relationship to Owner1 SSN EIN ITIN Date of Birth (MM/DD/YYYY) Address Phone # 2. % Primary Beneficiary Name Relationship to Owner1 SSN EIN ITIN Date of Birth (MM/DD/YYYY) Address Phone # B. Contingent 1. % Contingent Beneficiary Name Relationship to Owner1 SSN EIN ITIN Date of Birth (MM/DD/YYYY) Address Phone # 2. % Contingent Beneficiary Name Relationship to Owner1 SSN EIN ITIN Date of Birth (MM/DD/YYYY) Address Phone # 1Enter the relationship to the Annuitant when the Owner is not an Individual. 5. Optional Guaranteed Minimum Death Benefit (GMDB) If you are age 75 or younger, your contract will be issued with a Return of Premium GMDB Rider (ROP GMDB) at no additional cost unless you select one of the optional GMDBs below. If you are issue age 76 or older, your Contract will be issued with the Annuity Account Value Death Benefit. The optional Highest Anniversary Value (HAV) GMDB and Greater of Roll-Up or HAV (Greater of) GMDB Riders can be purchased for an additional charge and may only be chosen at the time of application. You should read the prospectus and applicable supplements for more complete information including the limitations, restrictions, charges and other information that apply before making a selection. Once elected, the HAV GMDB and Greater of GMDB Riders cannot be voluntarily terminated from the contract. Yes, I wish to elect the HAV GMDB (Owner/Joint Owners issue ages 0-75 only. Not available for non-spousal Joint Owners or a Non-Natural Owner with non-spousal Joint Annuitants). OR Yes, I wish to elect the Greater of GMDB Rider (Owner/Joint Owners issue ages 0-75 only. Not available for non-spousal Joint Owners or a Non-Natural Owner with non-spousal Joint Annuitants). Structured Capital Strategies Premier ICC25 App SCSPR X04794_Compact Page 3 of 10 R E Q U I R E D

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6. Rate Hold This Rate Hold provides you the option to invest in Segments based on the Segment Performance Cap Rate, Participation Rate and Step Rate for Dual Step Tier Segments (collectively "Rate(s)") as of the Application Received Date\*. The Rates will be applied to all Segments starting on or before the Rate Hold Expiration Date, which is the Segment Start Date on or immediately following 30 days after the Application Received Date. This option may only be elected at the time of application. You should read the prospectus, disclosure below and applicable supplements for more complete information including the limitations, restrictions and other information that apply to this option before making an election. Yes, I wish to elect the Rate Hold and invest in Segments based on the Application Received Date, as described in this section. OR No, I do not wish to elect the Rate Hold and I understand that I will be invested in Segments based on current Rates as of the Segment Start Date. I understand that the secured Rate(s) that will be applied to any amount that is invested in a Segment on or before the Rate Hold Expiration Date may be lower than the Rate(s) otherwise in effect on any Segment Start Date during that period, and therefore electing the Rate Hold does not guarantee me higher Rate(s) than the Rate(s) that would have otherwise been applied to my investment in a Segment had I not elected the Rate Hold. The Rate Hold does not begin until the Application Received Date, and therefore it is possible that the secured Rate(s) applicable to investment in a Segment may be lower than the Rate(s) in effect on the date that I sign this application. • Any investment in a Segment that I make after the Rate Hold Expiration Date will not receive the secured Rate(s). If my application is incomplete when submitted, it may take additional time for my application to be finalized and for certain investment to a Segment to be received by Equitable; in such situations I understand that the Rate Hold Expiration Date is not extended and therefore it may be more likely that those investments in a Segment do not receive the Rate Hold. Dollar Cap Averaging in Section 7 is not available if the Rate Hold is elected. \*Your Application Received Date is either the date your application is received in our processing office for a paper application, or the date your application is submitted for an electronic application. 7. Dollar Cap Averaging (DCA) Optional Special DCA Program, which has an enhanced crediting rate, is only available for Series B. The General DCA Program is only available for Series Select. (Not available if "Yes" is elected for Rate Hold in Section 6) Check box for one time period. 3 months (maximum 41 Segment Types) 6 months (maximum 23 Segment Types) By checking one of the two boxes above, I acknowledge that: • 100% of the initial contribution will be allocated to DCA. 100% of the initial contribution will be allocated to DCA. The initial DCA transfer will occur on the Segment Start Date following the Contract Date, unless the Segment Start Date is the same as the Contract Date, then the initial transfer will occur on the Contract Date. The initial DCA transfer will be the Segment Start Date on or immediately following establishing the DCA program. Each subsequent DCA transfer will occur on the Segment Start Date on or immediately following the monthiversary of the initial DCA transfer. You must complete Section 8 below. The funds will be systematically transferred monthly from the DCA account into Segment Type Holding Accounts and will be transferred to the Segment(s) on the Segment Start Date if all the Segment Participation Requirements are met. The total maximum number of Segments that you can invest in, and/or provide segment allocation instructions for, at any time is 167. This means that if you choose the 3 month DCA program, you can choose up to a maximum of 41 Segment Types, or if you choose the 6 month DCA program, you can choose up to a maximum of 23 Segment Types. Structured Capital Strategies Premier ICC25 App SCSPR X04794_Compact Page 4 of 10

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R E Q U I R E D 8. Investment Selection • You must allocate your initial contribution to the Structured Investment Option in Section 8A and/or the Guaranteed Interest Option in Section 8B. • All future contributions will be allocated according to the percentages below unless indicated otherwise. • If you elected DCA in Section 7, your initial contribution will be allocated 100% to the DCA and the DCA transfers will be allocated according to your allocation instructions provided below. The initial DCA transfer will occur on the Segment Start Date following the Contract Date, unless the Segment Start Date is the same as the Contract Date, then the initial transfer will occur on the Contract Date. 8A. Structured Investment Option: Segment Selection (Please use whole percentages) If Holding you elect Account any of until the your Segment Segment(s) Types listed becomes below, available once amounts on the Segment are received, Start Date. they will At that be first time, placed your in funds a Segment will be allocated Type per your selection(s) below provided that all Segment Participation Requirements specified in the Contract are met. 1 Year Segment Options Standard Segments Segment duration Segment Buffer 1-Year -10% -15% -20% -40% S&P 500 % % % % Russell 2000® % % % % MSCI EAFE % % % % NASDAQ 100 % % % % Dual Direction Segments Segment duration Segment Buffer 1-Year -10% -15% -20% S&P 500 % % % Russell 2000® % % % MSCI EAFE % % % NASDAQ 100 % % % Step Up Segments Segment duration Segment Buffer 1-Year -10% -15% -20% -40% S&P 500 % % % % Russell 2000® % % % % MSCI EAFE % % % % NASDAQ 100 % % % % Dual Step Up Segments Segment duration Segment Buffer 1-Year -10% -15% -20% -40% S&P 500 % % % % Russell 2000® % % % % MSCI EAFE % % % % NASDAQ 100 % % % % Enhanced Upside 125% Segments Segment duration Segment Buffer 1-Year -10% S&P 500 % Dual Step Tier Segments Segment duration Segment Buffer 1-Year -10% S&P 500 % Russell 2000® % MSCI EAFE % NASDAQ 100 % Structured Capital Strategies Premier ICC25 App SCSPR X04794_Compact Page 5 of 10

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8. Investment Selection (cont'd) 8A. Structured Investment Option: Segment Selection (cont'd) (Please use whole percentages) 6 Year Segment Options Standard Segments Segment duration Segment Buffer 6-Year -10% -15% -20% -40% S&P 500 % % % % Russell 2000® % % % % MSCI EAFE % % % % NASDAQ 100 % % % % Dual Direction Segments Segmavbent duration Segment Buffer 6-Year -10% -15% -20% -40% S&P 500 % % % % Russell 2000® % % % % MSCI EAFE % % % % NASDAQ 100 % % % % Step Up Segments Segment duration Segment Buffer 6-Year -10% -20% -40% S&P 500 % % % Dual Step Up Segments Segment duration Segment Buffer 6-Year -10% -20% -40% S&P 500 % % % Russell 2000® % % % MSCI EAFE % % % NASDAQ 100 % % % Best Entry Segments Segment duration Segment Buffer 6-Year -10% S&P 500 % Dual Step Tier Segment Segment duration Segment Buffer 6-Year -10% -20% S&P 500 % % Russell 2000® % % MSCI EAFE % % NASDAQ 100 % % 8B. Guaranteed Interest Option Guaranteed Interest Option % 8C. Contribution Allocation Total Structured Investment Option Total % + Guaranteed Interest Option Total % = 100% 9. Broker Transfer Authority Disclosure Yes. I/we hereby grant authority to each of my Financial Professional(s) assigned to my contract (including any Financial Professionals assigned to my contract in the future), to act as my agent and provide investment option transfer instructions in writing, by telephone or electronically, to Equitable. By granting such authority, I direct Equitable to act on such instructions. I understand and acknowledge that Equitable (i) may rely in good faith on the stated identity of the person(s) providing such instructions, and (ii) will have no liability for any claim, loss, liability, or expense that may arise in connection with such instructions. I further understand and acknowledge that Equitable will continue to act upon this authorization until such time as Equitable's Processing Office receives from me written notification that broker transfer authority has been terminated. I understand that upon receipt of such notification, Equitable will terminate the Financial Professional's(s') ability to provide transfer instructions on my behalf. I further understand and acknowledge that Equitable may (i) change or terminate telephone or electronic or overnight mail transfer procedures at any time without prior notice, and (ii) restrict fax, internet, telephone and other electronic transfer services because of disruptive transfer activity. ICC25 App SCSPR X04794_Compact Structured Capital Strategies Premier Page 6 of 10

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10. Current Insurance BOTH questions in the Owner Response and the Financial Professional Response columns must be completed and match for the contract to be issued. Replacement Questions Owner Response Financial Professional Response 1. Does the Owner have any other existing life insurance policy or annuity contract(s)? Yes No Yes No (If yes, a Requirements Questionnaire (which is Equitable's state replacement form) is required even if you answer no for question 2) REQUIRED 2. Will any existing life insurance policy or annuity contract(s) be (or has it been) surrendered, withdrawn from, loaned against, changed or otherwise reduced in value, or replaced in connection with this transaction assuming the Contract applied for will be issued on the life of the Owner? Yes No Yes No (If yes, complete the following below and submit a Requirements Questionnaire, (which is Equitable's state replacement form), if required.) Please list the contract(s) below that will be used to fund this new Equitable contract COMPANY TYPE OF PLAN YEAR ISSUED CONTRACT NO. COMPANY TYPE OF PLAN YEAR ISSUED CONTRACT NO. COMPANY TYPE OF PLAN YEAR ISSUED CONTRACT NO. 11. Fraud Warning Any person who knowingly presents a false statement in an application for insurance may be guilty of a criminal offense and subject to penalties under state law. 12. Special Instructions Attach a separate sheet if additional space is needed. For Owners whose Mailing Address differs from their Primary Residential Address in Section 3, please complete the following: Mailing Address — P.O. Box accepted City State Zip Code ICC25 App SCSPR X04794_Compact Structured Capital Strategies Premier Page 7 of 10

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13. Signature and Acknowledgements GENERAL DISCLOSURE. BY SIGNING BELOW, I / WE UNDERSTAND AND ACKNOWLEDGE THAT: • Annuity Account Value(s) attributable to allocations to the Structured Investment Option, I may elect, may increase or decrease and are not guaranteed as to dollar amount. REQUIRED • Amounts I allocate to any of the Segment Types may first be allocated to the applicable Segment Type Holding Account, with the exception of (i) maturing Segments for which the allocation instructions on file are to allocate directly to another Segment; or (ii) amounts that I allocate to a Segment Type on a Segment Start Date (and which are received or held by Equitable on the Segment Start Date), which will be allocated directly to the selected Segment. • Each Segment in the Structured Investment Option provides a rate of return tied to the performance of a specified index. The Segments are not index funds and do not invest in underlying mutual funds that hold investments tracked by a specified index. • The Step Up, Dual Direction, Dual Step Tier, Dual Step Up, and Enhanced Upside Segments will generally have lower Performance Cap Rates than Standard Segments with the same Index, Segment Duration and Segment Buffer. • The Segment Rate of Return for Segments using one Segment Option may differ from Segments using different Segment Options even though the Segments have similar durations and/or track similar indices. In addition, because of the way the Segment Rate of Return is calculated for Step Up, Dual Step Up, Dual Direction, and Dual Step Tier Segments, I understand that in certain circumstances a very small difference in the Index Performance Rate can result in a much larger difference in the Segment Rate of Return for those Segments. • For Enhanced Upside Segments, the Segment Rate of Return - inclusive of any application of the Participation Rate - is always subject to, and thus limited by, the Performance Cap Rate. This means that even if the Index Performance Rate multiplied by the Participation Rate is greater than the Performance Cap Rate, the Segment Rate of Return will equal the Performance Cap Rate. The Participation Rate for this Segment Option is generally higher compared to other Segment Options offered with the same Index, Segment Duration and Segment Buffer. • For Best Entry Segments, a reset of the Best Entry Value is always dependent on negative Index performance. I understand that in certain circumstances, there may not be a reset to a lower value as of the first four monthiversary of my Segment. • The prospectus and applicable supplements contain more complete information including the limitations, restrictions and conditions that apply to the Contract. • In the case of IRAs and Qualified Plans, by signing this application I acknowledge that I am buying the Contract for its features and benefits other than tax deferral. IRAs and Qualified Plans derive tax deferral from the Internal Revenue Code and therefore the tax deferral feature of the Contract does not provide additional benefits. • Under penalty of perjury, I certify that all the Taxpayer Identification Numbers in Sections 3 and 4 are correct. • All information and statements furnished in this application are true and complete to the best of my -knowledge and belief. • Equitable may accept amendments to this application provided by me or under my authority. • No Financial Professional has the authority to make or modify any Contract on behalf of Equitable, or to waive or alter any of Equitable's rights and regulations. Equitable must agree to any change made to the Contract, or to the age at issue, in writing signed by an officer of the company. • Structured Capital Strategies Premier is not sponsored, endorsed, or promoted by Morgan Stanley Capital International (MSCI), and MSCI bears no liability with respect to such product or any index on which such product is based. The prospectus contains a more detailed description of the limited relationship that MSCI has with Equitable and any related products. • The S&P 500® Price Return Index is a product of S&P Dow Jones Indices LLC ("SPDJI"), and has been licensed for use by Equitable. The Structured Capital Strategies Premier contract is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P or any of their respective affiliates (collectively, "S&P Dow Jones Indices"). S&P Dow Jones Indices makes no representation or warranty, express or implied, to the owners of the Structured Capital Strategies Premier contract. ICC25 App SCSPR X04794_Compact Structured Capital Strategies Premier Page 8 of 10

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REQUIRED 13. Signature and Acknowledgements (cont'd) For purposes of this section, the references to Owner and Joint Owner below include Annuitant and Joint Annuitant, respectively, in the case of non-natural owners. OPTIONAL BENEFIT DISCLOSURE. I/WE UNDERSTAND AND ACKNOWLEDGE THAT: • There is an additional charge if the HAV GMDB or Greater of GMDB Rider is elected. • The HAV GMDB or Greater of GMDB cannot be voluntarily terminated once it is elected. • The HAV GMDB or Greater of GMDB Rider does not provide an Annuity Account Value or Cash Value and cannot be withdrawn. • Withdrawals under the Contract will reduce my ROP GMDB or HAV GMDB or Greater of GMDB. • The ROP GMDB or HAV GMDB or Greater of GMDB may be of limited use if required minimum distributions apply, now or in the future, to my Contract because withdrawals that are made from this Contract to meet the required amount may significantly reduce the benefit. • For jointly owned contracts with the ROP GMDB or HAV GMDB or Greater of GMDB, the death benefit is not payable after the death of the first Owner. The death benefit is only payable upon the death of the surviving Joint Owner. • For non-spousal joint owners with the ROP GMDB, because the entire interest in the annuity contract must be distributed as described in Section 72(s) of the Internal Revenue Code after the owner's death the surviving owner's beneficiaries may not receive the benefit of the ROP GMDB. • If the Joint Owners divorce, Equitable must be notified using a form acceptable to us of the change in marital status and of the designation of the single Owner of the contract before we will remove the Joint Owner. The notice must be signed by both Joint Owners and must be received by Equitable while both Joint Owners are alive in order for the ROP GMDB or HAV GMDB or Greater of GMDB to be payable upon the death of the single Owner. I/We understand that if Equitable is not notified using a form acceptable to us before the death of either former spouse and signed by both Joint Owners, then the Cash Value, not the ROP GMDB or HAV GMDB or Greater of GMDB, will be payable and the fees for the HAV GMDB or Greater of GMDB will not be returned. • If I/We remove an Owner of the Contract, the ROP GMDB or HAV GMDB or Greater of GMDB is terminated, except in divorce cases mentioned above. By signing the application below: I acknowledge that I received the initial prospectus, I understand that all subsequent prospectus updates and supplements will be provided to me in paper format, unless I enroll in Equitable's Electronic Delivery Service. I have reviewed my financial information and goals with my Financial Professional. I acknowledge and agree to the elections I have made and understand the terms and conditions set forth in this application. Contract State: We will issue and deliver a contract to you based on the state of primary residence. If you sign the application in a state other than the primary residence state: I acknowledge that either: I have a second residence where the application was signed (the state of sale); or I work or maintain a business in the state where the application was signed (the state of sale). REQUIRED X Owner's Signature City, State Date (MM/DD/YYYY) X Joint Owner's Signature City, State Date (MM/DD/YYYY) X Annuitant's Signature (if other than Owner) City, State Date (MM/DD/YYYY) X Joint Annuitant's Signature (if other than Owner) City, State Date (MM/DD/YYYY) ICC25 App SCSPR X04794_Compact Structured Capital Strategies Premier Page 9 of 10

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14. Financial Professional Information A. Did you (i) verify the identity by reviewing the driver's license/passport of the Owner, or in the case of an entity Owner, obtain documentary evidence of entity's existence (e.g. articles of incorporation, trust agreement, etc.), and (ii) inquire about the source of the customer's assets and income? Yes No B. Is the Proposed Owner/Annuitant currently an Active Duty\* Member of the Armed Forces? Yes No (If Yes, you must also submit a completed and signed LIFE INSURANCE/ANNUITY DISCLOSURE TO ACTIVE DUTY MEMBERS OF THE ARMED FORCES). \*Active Duty means full-time duty in active military service of the United States and includes members of the reserve component (National Guard and Reserve) while serving under published orders for active duty or full-time training. It does not include members of the reserve component who are performing active duty or active duty for training under military calls or orders specifying periods of less than 31 calendar days. C. NORTH CAROLINA ONLY: I certify that I have truly and accurately recorded on the application the Yes No information provided by the Proposed Owner. D. Please check this box if you are an Equitable Advisors Financial Professional and the primary selling Agent's business address is in the state of New York, in which case the issuing company for the contract will be Equitable Financial Life Insurance Company. In all other cases, the issuing company will be Equitable Financial Life Insurance Company of America. The applicant understands that he/she is applying for an index-based annuity, and that while the values of the policy may be affected by an external index, the policy does not directly participate in any stock or equity investments. X Primary Financial Professional Signature Please provide at least one of the following numbers in full: Equitable Advisors ONLY Social Security Central Registration Depository National Producer Number Agent Code % Print Name Phone Number Email Address Client (BIN) Client linking Number Agent Location X Financial Professional Signature Please provide at least one of the following numbers in full: Equitable Advisors ONLY Social Security Central Registration Depository National Producer Number Agent Code % Print Name Phone Number Financial Professional Use Only. Contact your home office program information. Once selected, program cannot be changed. Contract Series B: Option I Option II Option III Contract Series Select: Option I Please be sure that the commission option elected is approved by your Broker Dealer. Cat. No. 900310 Structured Capital Strategies Premier ICC25 App SCSPR X04794_Compact Page 10 of 10

## Ex-99.(K)

ALFRED AYENSU-GHARTEY

Vice President and

Associate General Counsel

(212) 314-2777

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LAW DEPARTMENT

September 16, 2025

Equitable Financial Life Insurance Company

1345 Avenue of the Americas

New York, NY 10105

Dear Sirs:

This opinion is furnished in connection with the filing by Equitable Financial Life Insurance Company ("Equitable Financial") of the Form N-4 Registration Statement of Equitable Financial under the Securities Act of 1933. The Registration Statement covers an indefinite number of units of interest ("Units").

The Units are purchased with contributions received under individual annuity contracts and certificates Equitable Financial offers under a group annuity contract (collectively, the "Certificates"). As described in the prospectus included in the Form N-4 Registration Statement, the Certificates are designed to provide for retirement income benefits.

I have examined such corporate records of Equitable Financial and provisions of the New York Insurance Law as are relevant to authorization and issuance of the Certificates and such other documents and laws as I consider appropriate. On the basis of such examination, it is my opinion that:

1. Equitable Financial is a corporation duly organized and validly existing under the laws of the State of New York.

2. The Certificates (including any Units credited thereunder) have been duly authorized and when issued in accordance with applicable regulatory approvals represent validly issued and binding obligations of Equitable Financial.

I hereby consent to the use of this opinion as an exhibit to the Registration Statement.

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|:---|
|  Very truly yours, |
| /s/ Alfred Ayensu-Ghartey |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alfred Ayensu-Ghartey |

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## Ex-99.(L)(1)

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4 (No. 333-285624) (the "Registration Statement") of our report dated March 20, 2025 relating to the consolidated financial statements and financial statement schedules of Equitable Financial Life Insurance Company and consent to the incorporation by reference of our report dated March 20, 2025 relating to the consolidated financial statements and financial statement schedules of Equitable Financial Life Insurance Company of America. We also consent to the reference to us under the heading "Independent Registered Public Accounting Firm" in such Registration Statement.

/s/ PricewaterhouseCoopers LLP

New York, New York

September 16, 2025

## Ex-99.(O)

Structured Capital Strategies<sup>®</sup> Premier

**Equitable Financial Life Insurance Company of America** 

**Equitable Financial Life Insurance Company** 

**Contract Classes: Series B and Select** 

**Summary Prospectus for New Investors** 

**September 17, 2025** 

This summary prospectus (the "Summary Prospectus") summarizes key features of the contract. Before you invest, you should also review the statutory prospectus (the "Prospectus") for the contract, which contains more information about the contract's features, benefits, and risks. You can find this document and other information about the contract online at www.equitable.com/ICSR#EQH800232. You can also obtain this information at no cost by calling 1-877-522-5035, by sending an email request to EquitableFunds@dfinsolutions.com, or by calling your financial intermediary.

Structured Capital Strategies<sup>®</sup> Premier is an index-linked individual and group flexible premium deferred annuity contract. This Summary Prospectus only describes Series B ("Series B") and Select ("Select") classes of the contract. The contracts provide for the accumulation of retirement savings and for income. The contracts offer income and death benefit protection as well. They also offer a number of payout options.

You invest to accumulate value on a tax-deferred basis in one or more of our investment options: (1) the guaranteed interest option ("GIO"), (2) the Segments of the Structured Investment Option ("SIO"), or (3) the Dollar Cap Averaging Programs.

**The Securities and Exchange Commission has not approved or disapproved these securities or passed upon the adequacy of this prospectus. Any representation to the contrary is a criminal offense.** 

The contract is a complex investment that involves risks, including potential loss of principal and previously credited interest. You should speak with a financial professional about the features, benefits, risks, and fees and whether the contract is appropriate for you based on your financial situation and objectives.

The extent of the downside protection at Segment maturity, also referred to as the Segment Buffer, varies by Segment, ranging from the first 10% to 40% of loss. There is a risk of a substantial loss of your principal and previously credited interest because you agree to absorb all losses to the extent they exceed the Segment Buffer at Segment maturity. **You could lose as much as 60% (for Segments with a -40% Segment Buffer) to 90% (for Segments with a -10% Segment Buffer) of your principal and previously credited interest due to negative index performance at Segment maturity, depending on the Segment Buffer applicable to the Segment in which you invest. We may change the Indices and/or Segment Options in the future, but we will always offer a Segment Option with a Segment Buffer that protects the first 10% of loss. If we only offer one index option, you will be limited to investing in only one Segment Option with terms that may not be acceptable to you and other investment options where performance is not based on the performance of an index. In the future, we may offer other Segment Options that do not provide any downside protection which would mean there is a risk of loss of the entire amount invested. If you are not happy with the limited investment options and choose to surrender the contract you will be subject to the Segment Interim Value adjustment, federal and state taxes, and penalties, purchasing a new contract with a new surrender charge period, different investment options, benefits, fees, and risks.**

**The Performance Cap Rates we set will limit the amount you can earn on a Segment. Our minimum Performance Cap Rate for 6 year Segments is 12% (2% for 1 year Segments). Our minimum Participation Rate is 100%. Our minimum Step Rate is 1%.** We will not open a Segment with a Performance Cap Rate, Participation Rate, and Step Rate (if applicable) below the applicable minimum rate.

The contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals could result in withdrawal charges, Segment Interim Value adjustments, taxes, and tax penalties. This contract permits ongoing withdrawals (including systematic withdrawals, required minimum distributions, and deductions to pay the optional death benefit fee) from the Segments prior to the end of the term. These ongoing deductions could have adverse effects of values under the contract and if an investor intends to elect such ongoing withdrawals, they should consult with their financial professional about the appropriateness of the contract for them. Withdrawals, because of the Segment Interim Value calculation could significantly reduce contract values and by substantially more than the actual amount of the deduction. **Because the end-of-term downside protection provided by a Segment Buffer does not apply to the Segment Interim Value, it is theoretically possible that you could lose up to 100% of your investment and previously credited interest in certain extreme scenarios as a result of withdrawals.** Any transaction that causes account value to leave a Segment between the Segment Start Date and the Segment Maturity Date will result in a Segment Interim Value calculation. Such transactions include (1) taking a withdrawal (including a systematic withdrawal or required minimum distribution); (2) transferring account value to a different investment option; (3) deducting account value to pay optional death benefit fees; (4) surrendering or annuitizing your contract; (5) payment of a death claim; and (6) canceling your contract and returning it to us for a refund within your state's "free look" period.

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All guarantees are subject to the Company's financial strength and claims paying ability.

**You may cancel your contract within 10 days of receiving it without paying fees or penalties, although the Segment Interim Value adjustment will apply. In some states, this cancellation period may be longer. Upon cancellation, you will receive either a full refund of the amount you paid with your application or your account value. You should review the prospectus, or consult with your financial professional, for additional information about the specific cancellation terms that apply.** 

**We reserve the right to stop accepting any application or contribution from you at any time, including after you purchase the contract. We reserve the right to discontinue the acceptance of, and/or place additional limitations on, contributions into certain investment options, including any or all of the Segments of the SIO. If we exercise this right, you will not be able to increase your account value and, consequently, increase your death benefit, and will be limited to investing in only one Segment Option and the GIO.** 

Additional information about certain investment products, including index-linked annuities, has been prepared by the Securities and Exchange Commission's staff and is available at Investor.gov.

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Overview of the Contract

**Purpose of the Contract** 

The contract is designed to help you accumulate assets through investments in the SIO and GIO during the accumulation phase. It can provide or supplement your retirement income by providing a stream of income payments during the annuity phase. It also provides death benefits to protect your beneficiaries. The contract may be appropriate if you have a long-term investment horizon. It is not intended for people who may need to access invested funds within a short-term timeframe or frequently, or who intend to engage in frequent transfers.

**Phases of the Contract** 

The contract has two phases: an accumulation (savings) phase and an income (annuity) phase.

***Accumulation (Savings) Phase***

During the accumulation phase, you can allocate your contributions to one or more of the available investment options, which include:

• Segments of the SIO which are index-linked investment options;

• GIO;

• the account for special dollar cap averaging; and

• the account for general dollar cap averaging.

The Segments of the SIO give you the opportunity to earn interest, which may be positive or negative, that we will credit at Segment maturity based, in part, on the performance of an external index at the end of a set period of time. You could experience a significant loss of principal and previously credited interest if the index declines in value. We calculate the Segment Return Amount on the Segment Maturity Date based on the change in index performance from the Segment Start Date to the Segment Maturity Date, and this Segment Rate of Return could be positive, zero, or negative. Each Segment uses a Performance Cap Rate (certain Segment Types may use Participation Rates and Step Rates) to limit upside performance and a Segment Buffer to limit downside performance.

The SIO provides some protection against negative returns on the Segment Maturity Date through the use of a Segment Buffer. The extent of the downside protection provided by the Segment Buffer varies by Segment, ranging from the first 10% to 40% of loss. The Segment Buffer is the maximum amount of negative interest we will assume. We will credit any additional negative interest in excess of the Segment Buffer. **You could lose as much as 60% (for Segments with a -40% Segment Buffer) to 90% (for Segments with a -10% Segment Buffer) of your principal and previously credited interest due to negative index performance at Segment maturity, depending on the Segment Buffer applicable to the Segment in which you invest. The cumulative loss over the life of the contract could be much greater. There is a risk of a substantial loss of your principal and previously credited interest if the index declines because you agree to absorb all losses to the extent they exceed the applicable Segment Buffer.** For example, if the Index return is -25% and the Segment Buffer is -10%, we will credit -15% (the amount that exceeds the Segment Buffer) (less the Contract Fee) on the Segment Maturity Date, meaning your Segment Investment will decrease by 15% (less the Contract Fee). **We may change the Indices and/or Segment Options in the future but we will always offer a Segment Option with a Segment Buffer that protects the first 10% of loss. In the future, we may offer other Segment Options that do not provide any downside protection which would mean there is a risk of loss of the entire amount invested.**

The Contract Fee will reduce your Segment Rate of Return and a negative return will be more negative. We apply the Contract Fee after applying the Performance Cap Rate, Participation Rate, Step Rate, and Segment Buffer.

The SIO may limit your participation in positive returns on the Segment Maturity Date through the use of Performance Cap Rates (and Participation Rates and Step Rates for certain Segment types).

• The Performance Cap Rate is the highest return that you could be credited for positive index performance (less the Contract Fee). For example, if the Index return for a 1-year Standard Segment is 12% and the Performance
Cap Rate is 4% and the Participation Rate is 100%, we will credit 4% (less the Contract Fee) in interest on the Segment Maturity Date, meaning your Segment Investment will increase by 4% (less the Contract Fee).

• If there is positive index performance, we will multiply the Participation Rate by the Index return to determine how much
to credit in interest on the Segment Maturity Date (less the Contract Fee and subject to the Performance Cap Rate). For

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example, if the Index return is 5%, the Performance Cap Rate is 7%, and the Participation Rate is 105%, we will credit 5.25% (less the Contract Fee) in interest on the Segment Maturity Date. <br>

• For Dual Step Tier Segments, if there is a positive or negative Index return that is between the Step Rate and the Buffer, we will apply the Step Rate to determine how much to credit in interest on the Segment Maturity
Date (less the Contract Fee). For example, if the Step Rate is 3%, the Participation Rate is 100%, the Segment Buffer is -10%, and the Index return is -5%, we will credit 3% (less the Contract Fee) in interest on the Segment Maturity Date, meaning
your Segment Investment will increase by 3% (less the Contract Fee).

**Our minimum Performance Cap Rate for 6 year Segment Types is 12% (2% for 1 year Segments). Our minimum Participation Rate is 100%. Our minimum Step Rate is 1%. We will not open a Segment with a Performance Cap Rate, Participation Rate, and Step Rate (if applicable) below the applicable minimum rate.**

**For additional information about the GIO and available Segments of the SIO, see Appendix: "Investment Options available under the contract."**

***Income (Annuity) Phase***

You enter the income phase when you annuitize your contract. During the income phase, you will receive a stream of fixed income payments for the annuity payout period of time you elect. You can elect to receive annuity payments (1) for life; (2) for life with a certain minimum number of payments; or (3) for life with a certain amount of payment. Please note that when you annuitize, your investments are converted to income payments and you will no longer be able to make any additional withdrawals from your contract. All accumulation phase benefits, including death benefits, terminate upon annuitization and the contract has a maximum annuity commencement date.

**Contract Features** 

The contract provides for the accumulation of retirement savings and income. The contract offers death benefit protection and various payout options.

***Death Benefits***

Your contract includes a Return of Premium death benefit that pays your beneficiaries an amount equal to your contributions minus adjusted withdrawals (or your account value if higher) for issue ages 75 and younger (you receive the standard account value death benefit for issue ages 76 and older). For an additional fee, you can purchase the Highest Anniversary Value death benefit that provides the greater of your account value and the Highest Anniversary Value benefit base on the date of death of the owner (or surviving joint owner, if applicable) adjusted for any subsequent withdrawals or the Greater of death benefit that provides the greater of your account value or the Greater of benefit base (which is the greater of the Roll-Up or Highest Anniversary Value benefit bases) on the date of death of the owner (or surviving joint owner, if applicable) adjusted for any subsequent withdrawals.

***Dollar Cap Averaging***

You can elect to allocate your investments using a dollar cap averaging program at no additional charge.

***Access to Your Money***

During the accumulation phase you can take withdrawals from your contract. Withdrawals will reduce your account value, be subject to the Segment Interim Value calculation, and may be subject to withdrawal charges, income taxes and a tax penalty if you are younger than 59 <sup>1</sup>⁄<sub>2</sub>. Withdrawals will also generally reduce your guaranteed benefits and the amount of the reduction may be greater than the dollar amount of the withdrawal. Withdrawals from a Segment will also be subject to a pro rata portion of the applicable Contract Fee.

**Contract Adjustments** 

We use the Segment Interim Values for your Segments of the SIO if you remove any amount from a Segment on any date prior to the Segment Maturity Date. This amount may be less than the amount invested and may be less than the amount you would receive had you held the investment until maturity. You could lose a significant amount of money due to the use of the Segment Interim Values.

Prior to the Segment Maturity Date, the following transactions trigger the use of Segment Interim Values: (1) the receipt of an in good order death claim by your beneficiary; (2) a withdrawal (including a systematic withdrawal or required minimum distribution, and a free withdrawal under a Series B contract); (3) a transfer; (4) if you surrender or annuitize your contract; (5) deducting the optional death benefit charge; or (6) if you cancel your contract and return it to us for a refund within your state's "free look" period. These transactions will cause the deduction of a pro rata portion of the applicable Contract Fee and may also be subject to withdrawal charges, taxes, and possible tax penalties.

The Segment Interim Value will generally be negatively affected by increases in the expected volatility of index prices, interest rate increases, and by poor market performance. All other factors being equal, the Segment Interim Value would be lower the earlier a withdrawal or surrender is made during a Segment.

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Important Information You Should Consider About The Contract

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| **FEES, EXPENSES, AND ADJUSTMENTS** | **FEES, EXPENSES, AND ADJUSTMENTS** |
| **Are There Charges or Adjustments for Early Withdrawals?** | **Yes.**<br>**Withdrawal Charges**<br>Each series of the contract provides for different withdrawal charge periods and percentages.<br>**Series B** — If you surrender your contract, apply your cash value to a non-life contingent annuity payment option, or withdraw money from Series B of the contract within 6 years following your last contribution, you will be assessed a withdrawal charge of up to 8% of contributions withdrawn. For example, if you make a withdrawal in the first year, you could pay a withdrawal charge of up to $8,000 on a $100,000 investment. This loss will be greater if there is a negative Segment Interim Value adjustment for amounts withdrawn from the Segments of the SIO, and/or if you have to pay taxes or tax penalties.<br>**Select** — No withdrawal charge.<br>**Segment Interim Value**<br>There is a Segment Interim Value adjustment for amounts removed from a Segment of the SIO before Segment maturity and because the end-of-term downside protection provided by a Segment Buffer does not apply to the Segment Interim Value, it is theoretically possible that you could lose up to 100% of your investment and previously credited interest in certain extreme scenarios. For example, if you allocate $100,000 to a 6-year Segment and later withdraw the entire amount before the 6 years have ended, you could lose up to $100,000 of your investment. This loss will be greater if you also have to pay a withdrawal charge under a Series B contract, and/or if you have to pay taxes or tax penalties. Prior to the Segment Maturity Date, the following transactions trigger the Segment Interim Value: (1) the receipt of an in good order death claim by your beneficiary; (2) a withdrawal (including a systematic withdrawal, a required minimum distribution, and a free withdrawal under a Series B contract); (3) a transfer; (4) if you surrender or annuitize your contract; (5) deducting the optional death benefit charge; or (6) if you cancel your contract and return it to us for a refund within your state's "free look" period.<br>For additional information about charges and adjustments for surrenders and early withdrawals see "Withdrawal charge" and "Adjustments with respect to early distributions from Segments" in "Charges, Expenses, and Adjustments" in the Prospectus. |
| **Are There Transaction Charges?** | **Yes.** In addition to withdrawal charges and the Segment Interim Value, you may also be charged for other transactions, including special requests such as wire transfers, express mail, duplicate contracts, preparing checks, third-party transfers or exchanges; or when you transfer between investment options in excess of a certain number.<br>For additional information about transaction charges see "Charges that the Company deducts" in "Charges, Expenses, and Adjustments" in the Prospectus. |
| **Are There Ongoing Fees and Expenses?** | **Yes.** Each series of the contract provides for different ongoing fees and expenses.<br>The table below describes the fees and expenses that you may pay *each year*, depending on the investment options and optional benefits you choose. Please refer to your contract specifications page for information about the specific fees you will pay each year based on the options you have elected. **There is an implicit ongoing fee associated with Segments because the amount you can earn on a Segment is limited by us by the Segment's Performance Cap Rate, and potentially certain Participation Rates and Step Rates (if applicable). The Performance Cap Rate, and potentially certain Participation Rates and Step Rates (if applicable), may cause your returns under the Segment to be lower than the Index's returns. In return for accepting this limit on Index gains, you receive some protection from Index losses through the Segment Buffer. The implicit ongoing fee is not reflected in the tables below.** |

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| **Annual Fee** | **Minimum** | **Maximum** |
| Base Contract (varies by contract series)<sup>(1)</sup> | 1.25% | 1.50% |
| Optional benefits available for an additional charge (for a single optional benefit, if elected)<sup>(2)</sup> | 0.25% | 0.75% |

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 <sup>(1)</sup> Expressed as an annual percentage of the Segment Investment for Segments in the SIO. The Contract Fee is applied cumulatively for 6-year Segments, so the total Contract Fee for a 6-year Segment is 7.5% for Series B contracts and 9% for Select contracts.<br> <sup>(2)</sup> Expressed as an annual percentage of the applicable benefit base.<br>

Because your contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your contract, the following table shows the lowest and highest cost you could pay each year, based on current charges. This estimate assumes that you do not take withdrawals from the contract, **which could add withdrawal charges and negative Segment Interim Value adjustments that substantially increase costs.**

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| **Lowest Annual Cost<br>$669** | **Highest Annual Cost<br>$854** |
| Assumes:<br> • Investment of $100,000<br> • 5% annual appreciation<br> • Least expensive combination of contract classes<br> • No optional benefits<br> • No sales charges<br> • No additional contributions, transfers or withdrawals<br> • No Segment Interim Value adjustments | Assumes:<br> • Investment of $100,000<br> • 5% annual appreciation<br> • Most expensive combination of contract classes and optional benefits (Greater of death benefit)<br> • No sales charges<br> • No additional contributions, transfers or withdrawals<br> • $0 Segment Interim Value adjustment on the optional death benefit fee |

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 <br>     <u>For additional information about ongoing fees and expenses see "Fee Table" in the Prospectus.</u>

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| **RISKS** | **RISKS** |
| **Is There a Risk of Loss from Poor Performance?** | **Yes.** The contract is subject to the risk of loss. You could lose some or all of your account value depending on the Investment options you choose.<br>The return on the Segments of the SIO may be negative and there is a risk of substantial loss of your principal and previously credited interest due to negative index performance because you agree to absorb all losses to the extent they exceed the Segment Buffer. **You could lose as much as 60% (for Segments with a -40% Segment Buffer) to 90% (for Segments with a -10% Segment Buffer) of your principal and previously credited interest due to negative index performance on the Segment Maturity Date. We may change the Indices and/or Segment Options in the future, but we will always offer a Segment Option with a Segment Buffer that protects the first 10% of loss. In the future, we may offer other Segment Options that do not provide any downside protection which would mean there is a risk of loss of the entire amount invested.**<br>For additional information about the risk of loss see "Principal risks of investing in the contract" in the Prospectus. |
| **Is this a Short-Term Investment?** | **No.** The contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash because the contract is designed to provide for the accumulation of retirement savings and income on a long-term basis. As such, you should not use the contract as a short-term investment or savings vehicle. A withdrawal charge may apply in certain circumstances and any withdrawals may also be subject to federal and state income taxes and tax penalties. Amounts removed from a Segment of the SIO prior to the Segment Maturity Date will not receive Index interest, and may result in a negative Segment Interim Value adjustment which could reduce the Segment Investment and death benefit by significantly more than the amount withdrawn.<br>On the Segment Maturity Date, the value of your maturing Segments will be reallocated according to your instructions on file, assuming that all participation requirements for those allocations are met, and those instructions may include allocations to different Segment Types or to the next available Segment of the same Segment Type. If you have not provided us with maturity instructions for a maturing Segment, then by default the Segment Maturity Value will be transferred to the same Segment Type as the maturing Segment. However, if the next Segment to be created in the Segment Type would have a Segment Maturity Date that is later than your contract maturity date or if that Segment Type has been terminated, we will instead transfer your Segment Maturity Value to the GIO. |

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| | For additional information about the investment profile of the contract see "Fee Table" in the Prospectus. |
| **What Are the Risks Associated with the Investment Options?** | An investment in the contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options. Each investment option available under the contract has its own unique risks. You should review the investment options available under the contract before making an investment decision. |
|  | <br> The Performance Cap Rate of a Segment may limit your participation in positive returns on the Segment Maturity Date. For example, if the Index return is 12% and the Performance Cap Rate is 4%, we will credit 4% (less the Contract Fee) in interest on the Segment Maturity Date, meaning your Segment Investment will increase by 4% (less the Contract Fee). **The Performance Cap Rate may cause your returns under the Segment to be lower than the Index's returns.** |
|  | The Segment Buffer of a Segment provides some protection against negative returns on the Segment Maturity Date. The Segment Buffer is the maximum amount of negative interest we will assume and we will credit any negative interest in excess of the Segment Buffer which means you bear all loss that exceeds the Segment Buffer. For example, if the Index return is -25% and the Segment Buffer is -10%, we will credit -15% (the amount that exceeds the Segment Buffer) (less the Contract Fee) on the Segment Maturity Date, meaning your Segment Investment will decrease by 15% (less the Contract Fee).<br>The Contract Fee will reduce your Segment Rate of Return and a negative return will be more negative. We apply the Contract Fee after applying the Performance Cap Rate, Participation Rate, and Segment Buffer.<br>All of the Indices we currently offer are "price return" indices, not "total return" indices, and therefore the performance of any Index does not reflect dividends paid on the securities included in the Index. This reduces the Index return, and the Index will underperform a direct investment in the securities composing the Index.<br>For additional information about the risks associated with investment options see "Structured Investment Option", in "Purchasing the contract", as well as, "Principal risks of investing in the contract" and Appendix "Investment Options available under the contract" in the Prospectus. |
| **What Are the Risks Related to the Insurance Company?** | An investment in the contract is subject to the risks related to the Company. The Company is solely responsible to the contract owner for the contract's account value. The general obligations, including the SIO, GIO, and the death benefits, under the contract are supported by our general account and are subject to our claims-paying ability. An owner should look solely to our financial strength for our claims-paying ability. More information about the Company, including our financial strength ratings, may be obtained at https://equitable.com/about-us/financial-strength-ratings.<br>For additional information about insurance company risks see "About the general account" in "More information" in the Prospectus. |
| **RESTRICTIONS** | **RESTRICTIONS** |
| **Are There Restrictions on the Investment Options?** | **Yes.** We may, at any time, exercise our rights to limit or terminate your contributions, allocations and transfers to any of the investment options and to limit the number of investment options which you may select. Such rights include, among others, removing or substituting investment options, and transferring account value from any investment option to another investment option. You will not be permitted to invest in a Segment if the Segment Maturity Date is later than your contract maturity date. The maximum current number of active Segments, funded holding accounts and/or Segment Types with an allocation on file that may be active in your contract at any time is 167.<br>We reserve the right to offer any or all Segments more or less frequently or to stop offering any of them (except we will always offer a Segment Option with a Segment Buffer that protects the first 10% of loss) or to suspend offering any or all of them temporarily for some or all contracts. If we stop offering these options, you will be limited to investing in only one Segment Option and the GIO, which is not tied to the performance of an index.<br>We may offer new Segment Types in the future, and we may change the features of a Segment Type between Segments, including the Index, the Segment Buffer, and the Performance Cap Rate (subject to the minimum rates disclosed herein).<br>We have the right to substitute an alternative Index prior to the Segment Maturity Date if the publication of one or more Indices is discontinued, or if we no longer have a license agreement with the publishers of the Index, or at our sole discretion we determine that our use of such Indices should be discontinued because hedging instruments become difficult to acquire or the cost of hedging becomes excessive, or if the calculation of one or more of the Indices is substantially changed. In addition, we reserve the right to use any or all reasonable methods to end any outstanding Segments that use such Indices. We also have the right to add additional Indices under the contract at any time. |

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| | <br> We can refuse to accept any application or contribution from you at any time, including after you purchase the contract. We reserve the right to discontinue the acceptance of, and/or place additional limitations on, contributions into certain investment options, including any or all of the Segments comprising the Structured Investment Option. If we exercise this right, your ability to invest in your contract, increase your account value and, consequently, increase your death benefit, will be limited. If you have a Guaranteed Minimum Death Benefit you generally can not make additional contributions to your contract after age 75 (or the first contract date anniversary if later).<br>Currently, we do not charge for transfers among investment options under the contract. However, we reserve the right to charge for any transfers among the investment options in excess of 12 per contract year. We will provide you with advance notice if we decide to assess the transfer charge, which will never exceed $35 per transfer.<br>For additional information about restrictions on the investment options, see "Transfer charge" in "Charges, Expenses, and Adjustments" and "Structured Investment Option" in "Purchasing the contract". |
| **Are There any Restrictions on Contract Benefits?** | **Yes.** At any time, we have the right to limit or terminate your ability to contribute to any of the investment options. If we exercise our right to discontinue the acceptance of, and/or place additional limitations on, contributions to the contract, you may no longer be able to fund your death benefit.<br>You have to be 75 or younger to elect a guaranteed minimum death benefit. If you have a Guaranteed Minimum Death Benefit you generally can not make additional contributions to your contract after age 75 (or the first contract date anniversary if later).<br>Withdrawals may affect the availability of the benefit by reducing the benefit by an amount greater than the value withdrawn and may terminate the benefit.<br>For additional information about the optional benefits see "How you can purchase and contribute to your contract" in "Purchasing the contract" and "Benefits available under the contract" in the Prospectus. |
| **TAXES** | **TAXES** |
| **What Are the Contract's Tax Implications?** | You should consult with a tax professional to determine the tax implications of an investment in, and payments received under, the contract. There is no additional tax benefit to you if the contract is purchased through a tax-qualified plan or individual retirement account (IRA). Withdrawals will be subject to ordinary income tax and may be subject to tax penalties. Generally, you are not taxed until you make a withdrawal from the contract.<br>For additional information about tax implications see "Tax information" in the Prospectus. |
| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** |
| **How Are Investment Professionals Compensated?** | Some financial professionals may receive compensation for selling the contract to you, both in the form of commissions or in the form of contribution-based compensation. Financial professionals may also receive additional compensation for enhanced marketing opportunities and other services (commonly referred to as "marketing allowances"). This conflict of interest may influence the financial professional to recommend this contract over another investment.<br>For additional information about compensation to financial professionals see "Distribution of the contracts" in "More information" in the Prospectus. |
| **Should I Exchange My Contract?** | Some financial professionals may have a financial incentive to offer a new contract in place of the one you already own. You should only exchange your contract if you determine, after comparing the features, fees, and risks of both contracts, as well as any fees or penalties to terminate your existing contract, that it is preferable to purchase the new contract rather than continue to own your existing contract.<br>For additional information about exchanges see "Charge for third-party transfer or exchange" in "Charges, Expenses, and Adjustments" in the Prospectus. |

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Benefits available under the contract

**Summary of Benefits** 

The following tables summarize important information about the benefits available under the contract.

***Death Benefits***

These death benefits are available during the accumulation phase:

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|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Name of Benefit** | **Purpose** | **Standard/**<br> **Optional** | **Annual Fee** | **Annual Fee** | **Brief Description of Restrictions/<br>Limitations** |
| &nbsp;&nbsp;&nbsp;**Name of Benefit** | **Purpose** | **Standard/**<br> **Optional** | **Max** | **Current** | **Brief Description of Restrictions/<br>Limitations** |
| &nbsp;&nbsp;&nbsp;Standard Death Benefit | Guarantees beneficiaries will receive a benefit equal to your account value. | Standard | No Additional<br>Charge | No Additional<br>Charge | &nbsp;&nbsp;&nbsp;&nbsp;• Available only at contract purchase<br> &nbsp;&nbsp;&nbsp;&nbsp;• Available to contract holder age 76 and older<br> &nbsp;&nbsp;&nbsp;&nbsp;• Payment of a Death Benefit from a Segment before the end of the term could significantly reduce the value of the Death Benefit due to the Segment Interim Value adjustment |
| &nbsp;&nbsp;&nbsp;Return of Premium Death Benefit | Guarantees beneficiaries will receive a benefit at least equal to the greater of your account value or your contributions less adjusted withdrawals. | Standard | No Additional<br>Charge | No Additional<br>Charge | &nbsp;&nbsp;&nbsp;&nbsp;• Available only at contract purchase<br> &nbsp;&nbsp;&nbsp;&nbsp;• Available only to contract holder age 75 or younger<br> &nbsp;&nbsp;&nbsp;&nbsp;• Withdrawals could significantly reduce or terminate the benefit<br> &nbsp;&nbsp;&nbsp;&nbsp;• Generally no additional contributions are permitted under the contract after age 75<br> &nbsp;&nbsp;&nbsp;&nbsp;• Payment of a Death Benefit from a Segment before the end of the term could significantly reduce the value of the Death Benefit due to the Segment Interim Value adjustment |
| &nbsp;&nbsp;&nbsp;Highest Anniversary Value Death Benefit | Locks in highest adjusted anniversary account value as minimum death benefit. | Optional | 0.25%<sup>(1)</sup> | 0.25%<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;• Available only to contract holder age 75 or younger<br> &nbsp;&nbsp;&nbsp;&nbsp;• Withdrawal could significantly reduce or terminate benefit<br> &nbsp;&nbsp;&nbsp;&nbsp;• Generally no additional contributions are permitted under the contract after age 75<br> &nbsp;&nbsp;&nbsp;&nbsp;• If elected, you will not get the Return of Premium Death Benefit<br> &nbsp;&nbsp;&nbsp;&nbsp;• Payment of a Death Benefit from a Segment before the end of the term could significantly reduce the value of the Death Benefit due to the Segment Interim Value adjustment |
| &nbsp;&nbsp;&nbsp;Greater of Death Benefit | Guarantees the beneficiaries will receive the Greater of benefit base. | Optional | 0.75%<sup>(1)</sup> | 0.75%<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;• Available only to contract holder age 75 or younger<br> &nbsp;&nbsp;&nbsp;&nbsp;• Withdrawals could significantly reduce or terminate benefit<br> &nbsp;&nbsp;&nbsp;&nbsp;• Generally no additional contributions are permitted under the contract after age 75<br> &nbsp;&nbsp;&nbsp;&nbsp;• If elected, you will not get the Return of Premium Death Benefit<br> &nbsp;&nbsp;&nbsp;&nbsp;• Payment of a Death Benefit from a Segment before the end of the term could significantly reduce the value of the Death Benefit due to the Segment Interim Value adjustment |

---

(1) Expressed as an annual percentage of the applicable benefit base.

***9***

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***Other Benefits***

These other benefits are available during the accumulation phase:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Name of Benefit** | **Purpose** | **Standard/**<br> **Optional** | **Annual Fee** | **Annual Fee** | **Brief Description of Restrictions/Limitations** |
| &nbsp;&nbsp;&nbsp;**Name of Benefit** | **Purpose** | **Standard/**<br> **Optional** | **Max** | **Current** | **Brief Description of Restrictions/Limitations** |
| &nbsp;&nbsp;&nbsp;General Dollar Cap Averaging | Transfer account value to selected Segments on a regular basis to potentially reduce the impact of market volatility. | Optional | No Charge | No Charge | &nbsp;&nbsp;&nbsp;&nbsp;• $25,000 minimum to begin program<br> &nbsp;&nbsp;&nbsp;&nbsp;• Cannot be elected if rate hold is elected |
| &nbsp;&nbsp;&nbsp;Special Dollar Cap Averaging | Transfer account value to Segments on a regular basis to potentially reduce the impact of market volatility. | Optional | No Charge | No Charge | &nbsp;&nbsp;&nbsp;&nbsp;• $25,000 minimum to begin program<br> &nbsp;&nbsp;&nbsp;&nbsp;• Cannot be elected if rate hold is elected<br> &nbsp;&nbsp;&nbsp;&nbsp;• Only available for Series B contracts<br> &nbsp;&nbsp;&nbsp;&nbsp;• Must be elected at contract purchase<br> &nbsp;&nbsp;&nbsp;&nbsp;• Only contributions received during the first 3 or 6 months, as applicable, are eligible |

---

***10***

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Buying the Contract

You may purchase a contract by making payments to us that we call "contributions." We can refuse to accept an application from you or any contribution from you at any time, including after you purchase the contract. We require a minimum contribution amount for each type of contract purchased. Maximum contribution limitations also apply.

**Maximum issue age** 

The maximum issue age for non-qualified and IRA contracts is 85. The maximum issue age for qualified plan contracts and Inherited contracts is 75.

**Minimum initial and subsequent contribution amounts** 

The minimum initial contribution is generally $25,000. Each subsequent contribution generally must be at least $500 (except for certain IRAs—$50 for Traditional and Roth IRAs) and $1,000 for Inherited IRA Beneficiary continuation contract and Inherited NQ contract.

**Limitations on contributions to the contract** 

We currently do not accept any contribution if (i) the aggregate contributions under one or more Structured Capital Strategies<sup>®</sup> contracts with the same owner or annuitant would then total more than $2,500,000; or (ii) the aggregate contributions under all our annuity accumulation contracts with the same owner or annuitant would then total more than $5,000,000. We may waive these and other contribution limitations based on certain criteria we determine, including issue age, aggregate contributions, investment option allocations and selling broker-dealer compensation. If you have a guaranteed minimum death benefit you generally can not make contributions to your contract after age 75 (or the first contract date anniversary if later).

We reserve the right to refuse to accept any contribution under the contract at any time or change our contribution limits and requirements. This means that if you have one or more guaranteed benefit, there would no longer be any increases from contributions or transfers in the account value and the benefit bases associated with the guaranteed benefits.

**When initial and subsequent contributions are credited** 

***Initial Contribution***

If your application is in good order when we receive it for application processing purposes, your contribution will be applied within two business days. If any information we require to issue your contract is missing or unclear, we will hold your contribution while we try to obtain this information. If we are unable to obtain all of the information we require within five business days after we receive an incomplete application or form, we will inform the financial professional submitting the application on your behalf. We will then return the contribution to you, unless you or your financial professional acting on your behalf, specifically direct us to keep your contribution until we receive the required information. The contribution will be applied as of the date we receive the missing information.

***Subsequent Contributions***

If we receive a subsequent contribution before the close of the NYSE (typically 4:00 pm eastern), we will credit that contribution that day. If we receive your subsequent contribution after the close of the NYSE, your contribution will be applied the next business day.

**Allocating your contributions** 

You may allocate your contributions to the GIO, the Segments comprising the Structured Investment Option, and the Dollar Cap Averaging Programs. Your allocation instructions determine how your contributions are allocated, which may be among one or more of the investment options. We currently limit the number of active Segments, funded holding accounts and/or Segment Types with an allocation on file you can be invested in at any time and the limit we allow may be changed. If you reach the limit, you will not be able to do certain things until you no longer have that many active Segments:

• You will not be able to allocate to a new Segment or Segment Type Holding Account.

• Any account value in a Segment Type Holding Account will be transferred to the GIO on the next Segment Start Date.

***11***

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• The Segment Maturity Value from a maturing Segment will not transfer into a new Segment and will instead be transferred to the GIO.

Allocations must be in whole percentages and you may change your allocation percentages at any time. The total of your allocations must equal 100%.

**Additional limitations on contributions to the contract** 

Additional limitations on contributions and the source of contributions apply based on the type of contract, such as non-qualified or particular types of IRAs. Please see the tables in the "Rules regarding contributions to your contract" appendix to the Prospectus for detailed information. You can obtain the Prospectus by calling the number or accessing the website noted on the first page of this summary.

***12***

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Making Withdrawals: Accessing the Money in Your Contract

**Accessing your money** 

You have several ways to access your account value before annuity payments begin. You may take partial withdrawals from your contract at any time or, depending on your specific situation, set up a systematic withdrawal plan or a lifetime RMD payments plan. You may also surrender your contract to receive its cash value at any time while an owner is living (or for contracts with non-natural owners, while an annuitant is living) and before you begin to receive annuity payments. If we receive a withdrawal or surrender request in good order before the close of the NYSE (typically 4:00 pm eastern), we will process the request that day. If we receive the request after the close of the NYSE, we will process the request on the next business day. We will generally send you the full requested withdrawal amount and deduct any applicable withdrawal charges from account value unless your request otherwise.

Withdrawals will reduce your account value and may be subject to withdrawal charges (for Series B contracts only), income taxes and a tax penalty if you are younger than 59<sup>1</sup>⁄<sub>2</sub>. Withdrawals may also reduce (possibly on a greater than dollar-for-dollar basis) or terminate any guaranteed benefits. Surrenders also may be subject to withdrawal charges (for Series B contracts only), income taxes and a tax penalty if you are younger than 59<sup>1</sup>⁄<sub>2</sub>.

Please see "Accessing your money" in the Prospectus for more information on the ways you may withdraw your account value.

**Free withdrawal amount** 

For Series B contracts, each contract year you can withdraw a certain amount from your contract without paying a withdrawal charge (the free withdrawal amount is not applicable to Select contracts since they do not have withdrawal charges).

**When to expect payments** 

Generally, we will fulfill requests for payments out of the investment options within seven calendar days after the date of receipt of the transaction request in good order. These transactions may include payment of a death benefit, payment of any amount you withdraw (less any withdrawal charge) and, upon surrender or termination, payment of the cash value.

***13***

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Additional Information About Fees

**The following tables describe the fees, expenses, and adjustments that you will pay when buying, owning, surrendering or making withdrawals from an investment option or from the contract. Please refer to your contract specifications page for information about the specific fees you will pay each year based on the options you have elected.** 

**The first table describes fees and expenses that you will pay at the time that you buy the contract, surrender the contract or if you make certain withdrawals from an investment option or from the contract, transfer account value between investment options, or request special services. Charges designed to approximate certain taxes that may be imposed on us, such as premium taxes in your state, may also apply.**

&nbsp;&nbsp; **Transaction Expenses**<br>

---

| | | |
|:---|:---|:---|
|  | **<u>Series B</u>** | **<u>Select</u>** |
| Sales Load Imposed on Purchases (as a percentage of purchase payments) |  |  |
| Withdrawal Charge (as a percentage of contributions withdrawn) | 8%<sup>(1)</sup> |  |
| Transfer Fee<sup>(2)</sup> | $35 | $35 |
| Third Party Transfer or Exchange Fee<sup>(3)</sup> | $55 | $55 |
| Special Service Charges<sup>(4)</sup> | $90 | $90 |

---

(1) The charge percentage we use is determined by the number of years since receipt of the contribution to which the charge
relates if you make a withdrawal, surrender your contract to receive its cash value, or, if offered, surrender your contract to apply your cash value to a non-life contingent annuity payment option.

(2) Currently, we do not charge for transfers among investment options under the contract. However, we reserve the right to
charge for transfers among the investment options in excess of 12 transfers per contract year. We will charge no more than $35 for each transfer at the time each transfer is processed. See "Transfer charge" under "Charges that the
Company deducts" in "Charges, Expenses, and Adjustments".

(3) The current charge is $55 and is currently being waived (we reserve the right to discontinue this waiver at any time
without notice). These charges may increase over time to cover our administrative costs. We may discontinue these services at any time.

(4) Special service charges include (1) express mail charge; (2) wire transfer charge; (3) duplicate contract
charge; and (4) check preparation charge. The maximum charge for each service is $90. Current charges may increase over time to cover our administrative costs. We may discontinue these services at any time.

**The next table describes the adjustments, in addition to any transaction expenses, that apply if all or a portion of the account value is removed from an investment option or from the contract before the expiration of a specified period.**

---

| |
|:---|
| &nbsp;&nbsp; **Adjustments** |
| SIO Segment Maximum Potential Loss Due to Segment Interim Value adjustment (as a percentage of account value invested in the Segment on the Segment Start Date)<sup>(1)</sup>100%<sup>(2)</sup> |

---

(1) Applies to withdrawals (including systematic withdrawals and required minimum distributions), surrenders, death benefits,
annuitization, contract cancellation, and transfers prior to the Segment Maturity Date. The actual amount of the Segment Interim Value calculation is determined by a formula that depends on, among other things, the Segment Buffer and how the Index
has performed since the Segment Start Date. The maximum loss would occur if there is a total distribution for a Segment at a time when the Index price has declined to zero. If you surrender, annuitize, cancel your contract, die, or make a
withdrawal, or there is a deduction of the optional death benefit charge, from a Segment before the Segment Maturity Date, the Segment Buffer will not necessarily apply to the extent it would on the Segment Maturity Date. See "Structured
Investment Option" for more information.

(2) Because the end-of-term downside protection provided by a Segment Buffer does not apply to the Segment Interim Value, it
is theoretically possible that you could lose up to 100% of your investment and previously credited interest in certain extreme scenarios.

***14***

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**The next table describes the fees and expenses that you will pay** ***each year*** **during the time that you own the contract. If you choose to purchase an optional benefit, you will pay additional charges, as shown below.**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp; **Annual Contract Expenses** | &nbsp;&nbsp; **Annual Contract Expenses** | &nbsp;&nbsp; **Annual Contract Expenses** |
|  | **<u>B</u>** | **<u>Select</u>** |
| Base Contract Expenses (as a percentage of the Segment Investment)<sup>(1)</sup> | 1.25% | 1.50% |
| Optional Highest Anniversary Value Death Benefit<sup>(2)</sup> | 0.25% | 0.25% |
| Optional Greater of Death Benefit<sup>(2)</sup> | 0.75% | 0.75% |
| **In addition to the fees described above, we limit the amount you can earn on the Segments. This means your returns may be lower than the Index's returns. In return for accepting this limit on Index gains, you will receive some protection from Index losses.** | **In addition to the fees described above, we limit the amount you can earn on the Segments. This means your returns may be lower than the Index's returns. In return for accepting this limit on Index gains, you will receive some protection from Index losses.** | **In addition to the fees described above, we limit the amount you can earn on the Segments. This means your returns may be lower than the Index's returns. In return for accepting this limit on Index gains, you will receive some protection from Index losses.** |

---

(1) The Contract Fee percentage reduces the Segment Rate of Return. If the contract is surrendered or annuitized, a withdrawal
or transfer out is taken, there is a deduction of the optional death benefit charge, or a death benefit is paid, on any date other than the Segment Maturity Date, we will deduct a pro rata portion of the charge from each Segment as part of the
Segment Interim Value calculation. The Contract Fee is applied cumulatively for 6-year Segments, so the total Contract Fee for a 6-year Segment is 7.5% for Series B contracts and 9% for Select contracts.

(2) The applicable Death Benefit charge is deducted on each contract date anniversary. If the contract is surrendered,
annuitized, or a death benefit is paid, on any date other than the Segment Maturity Date, we will deduct a pro rata portion of the charge.

***15***

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Appendix: Investment Options available under the contract

**Index-Linked Options** 

The following is a list of Segments of the SIO currently available under the contract. We may change the features of the Segments listed below (including the Index and the current limits on Index gains and losses), offer new Segments, and terminate existing Segments. We will provide you with written notice before making any changes other than changes to current limits on Index gains. Information about current limits on index gains is available at www.equitable.com/scspremier. See "Structured Investment Option" in "Purchasing the contract" for additional information about the Indices, the Segment Rate of Return calculation methods, and the operation of the Segment Buffer, Performance Cap Rate, Participation Rate, and Step Rate.

**Note: If amounts are removed from a Segment before the Segment Maturity Date, we will apply a Segment Interim Value adjustment. This may result in a significant reduction in your account value that could exceed any protection from Index loss that would be in place if you held the option until the Segment Maturity Date. See "Adjustments with respect to early distributions from Segments" in "Charges, Expenses, and Adjustments" for more information about Segment Interim Value.** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | **Minimum Limit on Index Gain for the Life<br>of the Segment** | **Minimum Limit on Index Gain for the Life<br>of the Segment** | **Minimum Limit on Index Gain for the Life<br>of the Segment** |
| <br>&nbsp;&nbsp;&nbsp;**Index** | <br>**Type of Index** | <br>**Segment<br>Duration** | <br>**Segment Rate**<br> **of Return**<br> **Calculation**<br> **Method** | <br>**Current Limit on Index**<br> **Loss if held until**<br> **Segment Maturity Date**<br> **(Segment Buffer)** | **Performance<br>Cap Rate** | **Participation<br>Rate** | **Step Rate** |
| &nbsp;&nbsp;&nbsp; S&P 500 Price Return Index\* | Market Index | 6 year<br> 1 year | Standard | -10%; -15%; -20%; -40%<br> -10%; -15%; -20%; -40% | 12%<br> 2% | 100%<br> 100% | NA<br> NA |
| &nbsp;&nbsp;&nbsp; Russell 2000<sup>®</sup> Price Return Index\* | Market Index | 6 year<br> 1 year | Standard | -10%; -15%; -20%; -40%<br> -10%; -15%; -20%; -40% | 12%<br> 2% | 100%<br> 100% | NA<br> NA |
| &nbsp;&nbsp;&nbsp; MSCI EAFE Price Return Index\* | Market Index | 6 year<br> 1 year | Standard | -10%; -15%; -20%; -40%<br> -10%; -15%; -20%; -40% | 12%<br> 2% | 100%<br> 100% | NA<br> NA |
| &nbsp;&nbsp;&nbsp; NASDAQ-100 Price Return Index\* | Market Index | 6 year<br> 1 year | Standard | -10%; -15%; -20%; -40%<br> -10%; -15%; -20%; -40% | 12%<br> 2% | 100%<br> 100% | NA<br> NA |
| &nbsp;&nbsp;&nbsp; S&P 500 Price Return Index\* | Market Index | 6 year<br> 1 year | Step Up | -10%; -20%; -40%<br> -10%; -15%; -20%; -40% | 12%<br> 2% | 100%<br> 100% | NA<br> NA |
| &nbsp;&nbsp;&nbsp; Russell 2000<sup>®</sup> Price Return Index\* | Market Index | 1 year | Step Up | -10%; -15%; -20%; -40% | 2% | 100% | NA |
| &nbsp;&nbsp;&nbsp; MSCI EAFE Price Return Index\* | Market Index | 1 year | Step Up | -10%; -15%; -20%; -40% | 2% | 100% | NA |
| &nbsp;&nbsp;&nbsp; NASDAQ-100 Price Return Index\* | Market Index | 1 year | Step Up | -10%; -15%; -20%; -40% | 2% | 100% | NA |
| &nbsp;&nbsp;&nbsp; S&P 500 Price Return Index\* | Market Index | 6 year<br> 1 year | Dual Direction | -10%; -15%; -20%; -40%<br> -10%; -15%; -20% | 12%<br> 2% | 100%<br> 100% | NA<br> NA |
| &nbsp;&nbsp;&nbsp; Russell 2000<sup>®</sup> Price Return Index\* | Market Index | 6 year<br> 1 year | Dual Direction | -10%; -15%; -20%; -40%<br> -10%; -15%; -20% | 12%<br> 2% | 100%<br> 100% | NA<br> NA |
| &nbsp;&nbsp;&nbsp; MSCI EAFE Price Return Index\* | Market Index | 6 year<br> 1 year | Dual Direction | -10%; -15%; -20%; -40%<br> -10%; -15%; -20% | 12%<br> 2% | 100%<br> 100% | NA<br> NA |
| &nbsp;&nbsp;&nbsp; NASDAQ-100 Price Return Index\* | Market Index | 6 year<br> 1 year | Dual Direction | -10%; -15%; -20%; -40%<br> -10%; -15%; -20% | 12%<br> 2% | 100%<br> 100% | NA<br> NA |
| &nbsp;&nbsp;&nbsp; S&P 500 Price Return Index\* | Market Index | 6 year<br> 1 year | Dual Step Up | -10%; -20%; -40%<br> -10%; -15%; -20%; -40% | 12%<br> 2% | 100%<br> 100% | NA<br> NA |
| &nbsp;&nbsp;&nbsp; Russell 2000<sup>®</sup> Price Return Index\* | Market Index | 6 year<br> 1 year | Dual Step Up | -10%; -20%; -40%<br> -10%; -15%; -20%; -40% | 12%<br> 2% | 100%<br> 100% | NA<br> NA |
| &nbsp;&nbsp;&nbsp; MSCI EAFE Price Return Index\* | Market Index | 6 year<br> 1 year | Dual Step Up | -10%; -20%; -40%<br> -10%; -15%; -20%; -40% | 12%<br> 2% | 100%<br> 100% | NA<br> NA |
| &nbsp;&nbsp;&nbsp; NASDAQ-100 Price Return Index\* | Market Index | 6 year<br> 1 year | Dual Step Up | -10%; -20%; -40%<br> -10%; -15%; -20%; -40% | 12%<br> 2% | 100%<br> 100% | NA<br> NA |
| &nbsp;&nbsp;&nbsp; S&P 500 Price Return Index\* | Market Index | 1 year | Enhanced Upside | -10% | 2% | 125% | NA |
| &nbsp;&nbsp;&nbsp; S&P 500 Price Return Index\* | Market Index | 6 year<br> 1 year | Dual Step Tier | -10%; -20%<br> -10% | 12%<br> 2% | 100%<br> 100% | 1%<br> 1% |

---

***16***

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---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | **Minimum Limit on Index Gain for the Life<br>of the Segment** | **Minimum Limit on Index Gain for the Life<br>of the Segment** | **Minimum Limit on Index Gain for the Life<br>of the Segment** |
| <br>&nbsp;&nbsp;&nbsp;**Index** | <br>**Type of Index** | <br>**Segment<br>Duration** | <br>**Segment Rate**<br> **of Return**<br> **Calculation**<br> **Method** | <br>**Current Limit on Index**<br> **Loss if held until**<br> **Segment Maturity Date**<br> **(Segment Buffer)** | **Performance<br>Cap Rate** | **Participation<br>Rate** | **Step Rate** |
| &nbsp;&nbsp;&nbsp; Russell 2000<sup>®</sup> Price Return Index\* | Market Index | 6 year<br> 1 year | Dual Step Tier | -10%; -20%<br> -10% | 12%<br> 2% | 100%<br> 100% | 1%<br> 1% |
| &nbsp;&nbsp;&nbsp; MSCI EAFE Price Return Index\* | Market Index | 6 year<br> 1 year | Dual Step Tier | -10%; -20%<br> -10% | 12%<br> 2% | 100%<br> 100% | 1%<br> 1% |
| &nbsp;&nbsp;&nbsp; NASDAQ-100 Price Return Index\* | Market Index | 6 year<br> 1 year | Dual Step Tier | -10%; -20%<br> -10% | 12%<br> 2% | 100%<br> 100% | 1%<br> 1% |
| &nbsp;&nbsp;&nbsp; S&P 500 Price Return Index\* | Market Index | 6 year | Best Entry | -10% | 12% | 100% | NA |

---

\* The Index is a "price return" index, not a "total return" index, and therefore the performance of the Index does not reflect dividends declared by any of the companies included in the Index, reducing the Index return. As a result, the Index will underperform a direct investment in the securities composing the Index. 

**We may change the Indices and/or Segment Options, but we will always offer a Segment Option with a Segment Buffer that protects the first 10% of loss. In the future, we may offer other Segment Options that do not provide any downside protection which would mean there is a risk of loss of the entire amount invested. Our minimum Performance Cap Rate for 6 year Segment Types is 12% (2% for 1 year Segments). Our minimum Participation Rate is 100%. Our minimum Step Rate is 1%. We will not open a Segment with a Performance Cap Rate, Participation Rate, and Step Rate (if applicable) below the applicable minimum rate.** 

The following is a list of Fixed Options currently available under the Contract. We may change the features of the Fixed Options listed below, offer new Fixed Options, and terminate existing Fixed Options. We will provide you with written notice before doing so. See "Guaranteed interest option" in "Purchasing your contract" for information about the GIO, "Dollar Cap Averaging Programs" in "Benefits available under the contract" for information about the Dollar Cap Averaging Accounts, and "SIO" in "Purchasing your contract" for information about the Segment Type Holding Accounts".

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Name** | **Term** | **Minimum Guaranteed Interest Rate** |
| &nbsp;&nbsp;&nbsp; Guaranteed Interest Option | NA | 0.15% |
| &nbsp;&nbsp;&nbsp; General Dollar Cap Averaging Account | 3-6 months | 0.15% |
| &nbsp;&nbsp;&nbsp; Special Dollar Cap Averaging Account | 3-6 months | 0.15% |
| &nbsp;&nbsp;&nbsp; Segment Type Holding Account | NA | 0.15% |

---

***17***

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Structured Capital Strategies<sup>®</sup> Premier

Issued by

Equitable Financial Life Insurance Company of America Equitable Financial Life Insurance Company

We have filed with the Securities and Exchange Commission a Prospectus and a Statement of Additional Information ("SAI") that include additional information about Structured Capital Strategies<sup>®</sup> Premier, Equitable Financial Life Insurance Company of America and Equitable Financial Life Insurance Company. The Prospectus and SAI each dated September 17, 2025 are incorporated by reference into this Summary Prospectus. The Prospectus and SAI are available free of charge. To request a copy of either document, to ask about your contract, or to make other investor inquiries, please call 1-800-789-7771. The Prospectus and SAI are also available at our website, www.equitable.com/ICSR#EQH800232.

**Class/Contract Identifier: C000260489; C000260490** 

(#50410)

## Ex-99.(P)

POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS, that the undersigned officer or Director of Equitable Financial Life Insurance Company (the "Company"), a New York stock life insurance company, hereby constitutes and appoints José Ramón González, Kurt Meyers, Ralph A. Petruzzo, Nicholas Huth, and Alfred Ayensu-Ghartey, each of them (with full power to each of them to act alone), his or her true and lawful attorney-in-fact and agent for him or her and on his or her behalf and in his or her name, place and stead, to execute and file any and all reports (and amendments thereto) by the Company under the Securities Exchange Act of 1934 (including but not limited to any report on Forms 10-K, 10-Q or 8-K) and any and all registration statements (and amendments thereto) by the Company or its separate accounts relating to annuity contracts and life insurance policies under the Securities Act of 1933 and/or the Investment Company Act of 1940, including but not limited to the "Registration Statements," as defined below, with all exhibits and all instruments necessary or appropriate in connection therewith, each of said attorneys-in-fact and agents being empowered to act with or without the others, and to have full power and authority to do or cause to be done in the name and on behalf of the undersigned each and every act and thing requisite and necessary or appropriate with respect thereto to be done in and about the premises in order to effectuate the same, as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may do or cause to be done by virtue hereof.

The "Registration Statements" covered by the Power of Attorney are defined to include the registration statements listed below:

<u>Separate Account No. 45 (811-08754)</u> 

33-83750

333-44996

333-61380

333-64751

333-73121

Form N-4 registration statement(s) to be filed as necessary.

<u>Separate Account No. 49 (811-07659)</u> 

---

| | |
|:---|:---|
|  333-05593  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333-142414 |
|  333-31131  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333-160951 |
|  333-60730  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333-165395 |
|  333-64749  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333-207256 |
|  333-79379  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333-216084 |
|  333-96177  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333-254385 |
|  333-127445  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333-258709 |
|  333-137206  |  |

---

Form N-4 registration statement(s) to be filed as necessary.

<u>Equitable Financial Life Insurance Company (RILA)</u> 

---

| | |
|:---|:---|
|  333-283599  | 333-283585 |
|  333-283600  | 333-283587 |
|  333-283601  | 333-283589 |
|  333-283602  | 333-282436 |
|  333-283623  | 333-285622 |
|  333-284599  | 333-285624 |
|  333-283583  |  |

---

Form N-4 registration statement(s) to be filed as necessary.

EFLIC

------

<u>Separate Account No. 70 (811-22651)</u> 

---

| | |
|:---|:---|
|  333-178750  | 333-220167 |
|  333-182795  | 333-220168 |
|  333-182796  | 333-229766 |
|  333-182903  | 333-229769 |
|  333-190033  | 333-248863 |
|  333-202147  |  |

---

Form N-4 registration statement(s) to be filed as necessary.

<u>Equitable Financial Life Insurance Company (RILA)</u> 

333-283581

Form N-4 registration statement(s) to be filed as necessary.

<u>Separate Account A (811-01705)</u> 

---

| | |
|:---|:---|
|  2-30070  | 333-137052 |
|  33-47949  | 333-141082 |
|  33-58950  | 333-141292 |
|  333-19925  | 333-146143 |
|  333-81393  | 333-153809 |
|  333-81501  | 333-186807 |
|  333-130988  |  |

---

Form N-4 registration statements for EQUI-VEST<sup>®</sup> contracts currently included in Reg. No. 2-30070 (EQUI-VEST<sup>®</sup> Individual, EQUI-VEST<sup>®</sup> Employer Sponsored, EQUI-VEST<sup>®</sup> Vantage<sup>SM</sup>, EQUI-VEST<sup>®</sup> TSA Advantage<sup>SM</sup>)

Form N-4 registration statements to be filed as necessary.

<u>Equitable Financial Life Insurance Company (RILA)</u> 

---

| | |
|:---|:---|
|  333-283608  | 333-283597 |
|  333-283592  | 333-282690 |
|  333-283595  |  |

---

Form N-4 registration statements for EQUI-VEST<sup>®</sup> contracts currently included in Reg. No. 333-283608 (EQUI-VEST<sup>®</sup> Individual, EQUI-VEST<sup>®</sup> Employer Sponsored, EQUI-VEST<sup>®</sup> Vantage<sup>SM</sup>, EQUI-VEST<sup>®</sup> TSA Advantage<sup>SM</sup>)

Form N-4 registration statements to be filed as necessary.

<u>Separate Account 301 (811-03301)</u> 

2-74667

Form N-4 registration statement(s) to be filed as necessary.

<u>Separate Account I (811-02581)</u> 

333-17633

Form N-6 registration statements(s) to be filed as necessary

EFLIC

------

<u>Separate Account FP (811-04335)</u> 

---

| | |
|:---|:---|
|  333-17639  | 333-134307 |
|  333-17641  | 333-207015 |
|  333-17663  | 333-229235 |
|  333-17665  | 333-229236 |
|  333-17669  | 333-232418 |
|  333-17671  | 333-232533 |
|  333-76130  | 333-256251 |
|  333-103199  | 333-257925 |
|  333-103202  | 333-271990 |
|  333-115985  | 333-281512 |
|  333-132200  |  |

---

Form N-6 registration statement(s) to be filed as necessary.

<u>Equitable Financial Life Insurance Company</u> 

---

| | |
|:---|:---|
| 333-142453  | 333-269824 |
| 333-142454  | 333-269828 |
| 333-142455  | 333-269829 |
| 333-142456  | 333-275496 |
| 333-142457  | 333-277087 |
| 333-142458  | 333-277089 |
| 333-142459  | 333-277090 |
| 333-142461  | 333-277091 |
| 333-262809  | 333-277098 |
| 333-262812  | 333-282436 |
| 333-263557  | 333-284947 |
| 333-265008  | 333-284948 |
| 333-269351  | 333-284949 |
| 333-269352  | 333-285622 |
| 333-269819  | 333-285624 |
| 333-269821  |  |

---

Form S-1 or S-3 registration statements to be filed as necessary for Market Value Adjustment interests under certain flexible annuity contracts of the Accumulator<sup>®</sup> line of variable annuity products.

Form S-1 or S-3 registration statements to be filed as necessary for Market Value Adjustment interests under certain flexible annuity contracts of the EQUI-VEST<sup>®</sup> line of variable annuity products.

Form S-1 or S-3 registration statements to be filed, as necessary, for index-linked investment options to be offered in connection with certain flexible premium variable life insurance policies. This includes, but is not limited to, each Market Stabilizer Option<sup>®</sup>.

Form S-1 or S-3 registration statement(s) to be filed, as necessary, relating to funding agreements issued as an alternative to an escrow account.

Form S-1, S-3, N-3, N-4 or N-6 registration statements to be filed, as necessary, including but not limited to, any registration statements filed to continue the offering of, and/or register more securities for, any securities offered by the registration statements identified above.

EFLIC

------

This instrument may be executed in one or more counterparts.

The undersigned has hereunto set his or her hand on the date(s) below.

---

| | | |
|:---|:---|:---|
| **Date** | **Signature** | **Title** |
| 3/22/2025 | /s/ Douglas A. Dachille<br> Douglas A. Dachille | Director |
| 3/21/2025 | /s/ Daniel G. Kaye<br> Daniel G. Kaye | Director |
| 3/21/2025 | /s/ Francis Hondal<br> Francis Hondal | Director |
| 3/24/2025 | /s/ Arlene Isaacs-Lowe<br> Arlene Isaacs-Lowe | Director |
| 3/22/2025 | /s/ Joan Lamm-Tennant<br> Joan Lamm-Tennant | Director |
| 3/22/2025 | /s/ Craig MacKay<br> Craig MacKay | Director |
| 4/3/2025 | /s/ Mark Pearson<br> Mark Pearson | Chief Executive Officer and<br> Director |
| 3/31/2025 | /s/ Bertram Scott<br> Bertram Scott | Director |
| 3/22/2025 | /s/ George Stansfield<br> George Stansfield | Director |
| 3/24/2025 | /s/ Charles G.T. Stonehill<br> Charles G.T. Stonehill | Director |
| 3/25/2025 | /s/ Robin Raju<br> Robin Raju | Chief Financial Officer |
| 3/25/2025 | /s/ William Eckert<br> William Eckert | Chief Accounting Officer |

---

EFLIC

## Ex-99.(29)

***<u>EQUITABLE HOLDINGS, INC. - SUBSIDIARY ORGANIZATION CHART : JUNE</u> <u>30, 2025</u>***

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Type of<br>Subsidiary | State of<br>Incorp. or<br>Domicile | State of<br>Principal<br>Operation | Federal<br>Tax ID # | Number of<br>Shares<br>Owned | Parent's<br>Percent of<br>Ownership<br>or Control | Comments (e.g.,<br>Basis of Control) | Address | CityStZip |
|  Equitable Holdings, Inc. |  | DE | NY | 90-0226248 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alpha Units Holdings, Inc | HCO | DE | NY | 83-2796390 |  | 100.00% |  | 1345 Avenue of the Americas | New<br> York,NY<br>10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alpha Units Holdings II, Inc | HCO | DE | NY | 68-0461436 |  | 100.00% |  | 1345 Avenue of the Americas | New<br> York,NY<br>10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 787 Holdings, LLC | HCO | DE | NY | See Note 19 |  | 100.00% |  | 1345 Avenue of the Americas | New<br> York,NY<br>10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1285 Holdings, LLC | HCO | DE | NY | 46-1106388 |  | 100.00% |  | 1345 Avenue of the Americas | New<br> York,NY<br>10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equitable Financial Services, LLC (Notes 2 &16) |  | DE | NY | 52-2197822 |  | 100.00% |  | 1345 Avenue of the Americas | New<br> York,NY<br>10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CS Life Re Company | Insurance | AZ |  | 46-5697182 | 250000 | 100.00% |  | 8501 IBM Dr | Charlotte,<br>NC<br>28262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equitable Financial Investment Management, LLC | Investment | DE | NY | 87-1424173 |  | 100.00% |  | 1345 Avenue of the Americas | New<br> York,NY<br>10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equitable Investment Management, LLC | Investment | DE | NY | 88-2794295 |  | 100.00% |  | 1345 Avenue of the Americas | New<br> York,NY<br>10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equitable Financial Bermuda RE Ltd. | Insurance | Bermuda | Hamilton | 98-1809871 | 250000 | 100.00% |  | Clarendon, 2 Church St | Hamilton,<br>HM-11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EQ AZ Life Re Company | Insurance | AZ | AZ | 82-3971925 | 250000 | 100.00% | NAIC # 16234 | 3030 N. Third Street Suite<br>790 | Phoenix,<br>AZ<br>85012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equitable Distribution Holding Corporation (Note 2) |  | DE | NY | 13-4078005 | 1000 | 100.00% |  | 1345 Avenue of the Americas | New<br> York,NY<br>10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equitable Advisors, LLC (Note 5) |  | DE | NY | 13-4071393 |  | 100.00% |  | 1345 Avenue of the Americas | New<br> York,NY<br>10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equitable Network, LLC (Note 6) | Operating | DE | NY | 06-1555494 |  | 100.00% |  | 1345 Avenue of the Americas | New<br> York,NY<br>10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equitable Network of Puerto Rico, Inc. | Operating | P.R. | P.R. | 66-0577477 |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Penn Investment Advisors, Inc | Operating | NY | NY |  |  | 100.00% |  | 1345 Avenue of the Americas | New<br> York,NY<br>10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PlanConnect, LLC | Operating | DE | NY | 27-1540220 |  | 100.00% |  | 100 Madison Street | Syracuse,<br>NY<br>13221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equitable Financial Life Insurance Company (Note 2 & 9) \* | Insurance | NY | NY | 13-5570651 | 2000000 | 100.00% | NAIC # 62944; General Partner of Equitable Managed Asset | NAIC # 62944; General Partner of Equitable Managed Asset |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equitable Investment Management Group LLC | Operating | DE | NY | 27-5373651 |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VA Capital Company LLC | Investment | DE | NY |  |  | 9.10% | EIM owns 9.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Broad Vista Partners, LLC | Investment | DE | NY | 81-3019204 |  | 70.00% | 70% by Equitable Financial & 30% by AXA France | 70% by Equitable Financial & 30% by AXA France |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200 East 87th Street Company, LLC | Investment | DE | NY | 86-3691523 |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Westory 14th Street LLC | Investment | DE | Washington,<br>DC | 99-1043155 |  | 100.00% |  | 1345 Avenue of the Americas | New<br> York,NY<br>10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EQ European Commercial Real Estate Debt Holdings LLC | Investment | DE | NY | 85-3881722 |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EQ European Commercial Real Estate Debt Holdings GP S.à r.l. | Investment | Luxembourg | Luxembourg |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EQ European Commercial Real Estate Debt, SICAV-RAIF | Investment | Luxembourg | Luxembourg |  |  |  | Jointly owned by both EQ European Commercial Real Estate Debt Holdings LLC and EQ European Real Estate Debt Holdings GP S.a.r.l. | Jointly owned by both EQ European Commercial Real Estate Debt Holdings LLC and EQ European Real Estate Debt Holdings GP S.a.r.l. |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EQ ECRED Investments I S.à r.l. | Investment | Luxembourg | Luxembourg |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EQ ECRED Investments II S.à r.l. | Investment | Luxembourg | Luxembourg |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EQ Holdings, LLC (Notes 3 & 4) | HCO | NY | NY | 22-2766036 |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; See Attached Listing A |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equitable Managed Assets, L.P. | Investment | DE | NY | 13-3385080 |  |  | General Partner of Equitable Deal Flow Fund | General Partner of Equitable Deal Flow Fund |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EVSA, Inc. | Investment | DE | PA | 23-2671508 | 50 | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ECA Residential LLC | Investment | DE | DE | 92-0830868 |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Farmland Investors, LLC | Investment | DE | NY | 33-3290749 |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real Estate Partnership Equities (various) | Investment | \*\* |  |  |  |  | \*\* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Switchyard 500 Santa Fe LLC (a Delaware Limited Liability Company) | Investment | DE | CA | 39-2904495 |  | 100.00% |  | 1345 Avenue of the<br>Americas, New York,<br>New York 10105 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Separate Account 166, LLC | Investment | DE | NY | 47-4180335 |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equitable Financial Life and Annuity Company \* (Note 10,17 & 18) | Insurance | Colorado | Colorado | 13-3198083 | 1000000 | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MONY International Holdings, LLC | HCO | DE | NY | 13-3790446 |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MONY International Life Insurance Co. Seguros de Vida S.A.\* | Insurance | Argentina | Argentina | 98-0157781 |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MONY Financial Resources of the Americas Limited | Insurance | Jamaica | Jamaica | 13-3790446 | 1000 | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MBT, Ltd. | Operating | Cayman<br>Islands | Cayman<br>Islands | 98-0152047 | 633 | 100.00% | 79% by MONY Int'l Holdings & 21% by MONY Financial Resources | 79% by MONY Int'l Holdings & 21% by MONY Financial Resources |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MONY Participacoes LTDA (f/k/a MONY Consultoria e Corretagem de Seguros Ltda) | Operating | Brazil | Brazil |  |  | 99.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equitable Financial Life Insurance Company of America\* | Insurance | AZ | NY | 86-0222062 |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equitable Financial Investment Management America, LLC | Investment | DE | NY | 93-2098229 |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ECA AZ Residential LLC | Investment | DE | DE | 93-3718520 |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MONY Financial Services, Inc. | HCO | DE | NY | 11-3722370 | 1000 | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Marketing Agency, Inc. | Operating | OH | OH | 31-1465146 | 99 | 99.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1740 Advisers, Inc. | Operating | NY | NY | 13-2645490 | 15000 | 100.00% |  |  |  |

---

Page 1 of 5

------

***<u>EQUITABLE HOLDINGS, INC. - SUBSIDIARY ORGANIZATION CHART : JUNE 30, 2025</u>***

\* Affiliated Insurer

\*\* Information relating to Equitable's Real Estate Partnership Equities is disclosed in Schedule BA, Part 1 of AXA Equitable Life's Annual Statement, which has been filed with the N.Y.S. Insurance Department.

\*\*\* All subsidiaries are corporations, except as otherwise noted.

**1.** The Equitable Companies Incorporated changed its name to AXA Financial, Inc. on Sept. 3, 1999.

**2.** Effective Sept. 20, 1999, AXA Financial, Inc. transferred ownership of Equitable Life to AXA Client Solutions,
LLC, which was formed on July 19, 1999.

Effective January 1, 2002, AXA Client Solutions, LLC transferred ownership of Equitable Life and AXA Distribution Holding Corp. to AXA Financial, Inc.

Effective May 1, 2002, AXA Client Solutions, LLC changed its name to AXA Financial Services, LLC.

Effective June 1, 2002, AXA Financial, Inc. transferred ownership of Equitable Life and AXA Distribution Holding Corp. to AXA Financial Services, LLC.

Effective November 30, 2007, the name of AXA Financial Services, LLC was changed to AXA Equitable Financial Services, LLC.

**3.** Equitable Holding Corp. was merged into Equitable Holdings, LLC on Dec. 19, 1997. Equitable Holdings, LLC had
its name changed to EQ Holdings, LLC, effective November 4, 2019.

**4.** In October 1999, AllianceBernstein Holding L.P. ("AllianceBernstein Holding L.P.") reorganized by
transferring its business and assets to AllianceBernstein L.P., a newly formed private partnership ("AllianceBernstein").

As of June 30, 2025 Equitable Holdings, Inc and its subsidiaries own 68.56% of the issued and outstanding public and private units in AllianceBernstein (the "AllianceBernstein Units"), as follows:

Equitable Holdings, held directly 81,445,154 AllianceBernstein Units (27.61%),

Alpha Units Holdings owns 75,851,289 AllianceBernstein Units (25.71%)

GP (GP owned by Alpha Units), owns 3,050,309 (1.03%), and

Alpha Units Holdings II owns 41,934,582 (14.21%)

***As of September 26, 2019, Certificate of Cancellation filed for ACMC, LLC***

**5.** EQ Financial Consultants (formerly, Equico Securities, Inc.) was merged into AXA Advisors, LLC on Sept. 20,
1999. AXA Advisors, LLC was transferred from Equitable Holdings, LLC to AXA Distribution Holding Corporation on Sept. 21, 1999.

**6.** Effective March 15, 2000, Equisource of New York, Inc. and 14 of its subsidiaries were merged into AXA
Network, LLC, which was then sold to AXA Distribution Holding Corp. EquiSource of Alabama, Inc. became AXA Network of Alabama, LLC. EquiSource Insurance Agency of Massachusetts, Inc. became AXA Network Insurance Agency of Massachusetts, LLC.
Equisource of Nevada, Inc., of Puerto Rico, Inc., and of Texas, Inc., changed their names from "EquiSource" to become "AXA Network", respectively. Effective February 1, 2002, Equitable Distributors Insurance Agency of
Texas, Inc. changed its name to AXA Distributors Insurance Agency of Texas, Inc. Effective February 13, 2002 Equitable Distributors Insurance Agency of Massachusetts, LLC changed its name to AXA Distributors Insurance Agency of Massachusetts,
LLC. **7.** Effective June 6, 2000, Frontier Trust Company was sold by ELAS to AXF and merged into Frontier Trust
Company, FSB.

**8.** Effective June 1, 2001, Equitable Structured Settlement Corp was transferred from ELAS to Equitable
Holdings, LLC.

**9.** Effective September 2004, The Equitable Life Assurance Society of the United States changed its name to AXA
Equitable Life Insurance Company.

**10.** Effective September 2004, The Equitable of Colorado changed its name to AXA Life and Annuity Company.

**11.** Effective February 18, 2005, MONY Realty Capital, Inc. was sold.

**12.** Effective May 26, 2005, Matrix Capital Markets Group was sold.

**12.** Effective May 26, 2005, Matrix Private Equities was sold.

**13.** Effective December 2, 2005, Advest Group was sold.

**14.** Effective February 24, 2006, Alliance Capital Management Corporation changed its name to AllianceBernstein
Corporation.

**15.** Effective July 11, 2007, Frontier Trust Company, FSB was sold.

**16.** Effective November 30, 2007, AXA Financial Services, LLC changed its name to AXA Equitable Financial
Services, LLC.

**17.** Effective August 1, 2008, AXA Equitable Life Insurance Company transferred ownership of AXA Life and
Annuity Company to AXA Equitable Financial Services, LLC.

**18.** Effective September 22, 2008, AXA Life and Annuity Company changed its name to AXA Equitable Life and
Annuity Company.

**19.** The EIN for 787 Holdings, LLC is 27-0294443, to be used for federal
employment taxes and certain federal excise taxes. For federal tax purposes, it should generally use AXA Financial's EIN, which is 13-3623351.

**20.** Effective June 29, 2012, AXA Financial (Bermuda) Ltd. was redomesticated to Arizona and its name was
changed to AXA RE Arizona Company.

**21.** Effective December 15, 2014, AXA Strategic Ventures US, LLC. was formed.

**22.** Effective April 4, 2018, AXA America Corporate Solutions Inc was sold to AXA US Holdings Inc.

**23.** AXA RE Arizona Company was merged into AXA Equitable Life Insurance Company 4/12/18

**24.** EQ AZ Life Re Company was formed on 1/3/18

**25.** AXA Technology Services America, Inc merged into AXA Equitable Holdings, Inc. effective 11/30/19

**26.** Effective December 13, 2019, MONY Life Insurance Company of America changed its name to Equitable
Financial Life Insurance Company of America

**27.** Effective January 13, 2020, AXA Equitable Holdings, Inc. changed its name to Equitable Holdings, Inc.

**28.** Effective April 1, 2020, US Financial Life Insurance was sold

**29.** Effective April 1, 2020, MONY Life Insurance Company of the Americas, Ltd was sold

**30.** Effective June 15, 2020, AXA-IM Holding U.S., Inc changed its name
to Alpha Units Holdings II, Inc

**31.** Effective June 15, 2020, AXA Equitable Life Insurance Company changed its name to Equitable Financial Life
Insurance Company

**32.** Effective June 1, 2021, Corporate Solutions Life Reinsurance Co was sold to Venerable Insurance and
Annuity Company

**33.** Effective June 1, 2021, CS Life Re owned 100% by Equitable Financial Services, LLC

**34.** Effective December 30, 2022 Equitable Investment Management, LLC (EIMC, LLC) changed its name to Equitable
Financial Investment Management, LLC

**35.** Effective December 30, 2022 Equitable Investment Management II, LLC (EIMC II, LLC) changed its name to
Equitable Investment Management, LLC

Page 2 of 5

------

***<u>EQUITABLE HOLDINGS, INC. - SUBSIDIARY ORGANIZATION CHART : JUNE 30, 2025</u>***

---

| | |
|:---|:---|
|  Dissolved or | - On November 3, 2000, Donaldson, Lufkin & Jenrette, Inc. was sold to Credit Suisse Group. |
|  Merged | - 100 Federal Street Funding Corporation was dissolved August 31, 1998. |
|  | - 100 Federal Street Realty Corporation was dissolved December 20, 2001. |
|  | - CCMI Corp. was dissolved on October 7, 1999. |
|  | - ELAS Realty, Inc. was dissolved January 29, 2002. |
|  | - EML Associates, L.P. was dissolved March 27, 2001. |
|  | - EQ Services, Inc. was dissolved May 11, 2001. |
|  | - Equitable BJVS, Inc. was dissolved October 3, 1999. |
|  | - Equitable Capital Management Corp. became ECMC, LLC on November 30, 1999. |
|  | - Equitable JV Holding Corp. was dissolved on June 1, 2002.F142 |
|  | - Equitable JVS II, Inc. was dissolved December 4, 1996 |
|  | - Equitable Underwriting & Sales Agency (Bahamas) Ltd. was dissolved on December 31, 2000. |
|  | - EREIM LP Associates (L.P.) was dissolved March 27, 2001. |
|  | - EREIM Managers Corporation was dissolved March 27, 2001. |
|  | - EVLICO East Ridge, Inc. was dissolved Jan. 13, 2001 |
|  | - EVLICO, Inc. was dissolved in 1999. |
|  | - Franconom, Inc. was dissolved on December 4, 2000. |
|  | - GP/EQ Southwest, Inc. was dissolved October 21, 1997 |
|  | - HVM Corp. was dissolved on Feb. 16, 1999. |
|  | - ML/EQ Real Estate Portfolio, L.P. was dissolved March 27, 2001. |
|  | - Prime Property Funding, Inc. was dissolved in Feb. 1999. |
|  | - Sarasota Prime Hotels, Inc. became Sarasota Prime Hotels, LLC. |
|  | - Six-Pac G.P., Inc. was dissolved July 12, 1999 |
|  | - Paramount Planners, LLC., a direct subsidiary of AXA Distribution Holding Corporation, was dissolved on December 5, 2003 |
|  | - Equitable Rowes Wharf, Inc. was dissolved October 12, 2004 |
|  | - ECLL Inc. was dissolved July 15, 2003 |
|  | - MONY Realty Partners, Inc. was dissolved February 2005. |
|  | - Wil-Gro, Inc. was dissolved June, 2005. |
|  | - Sagamore Financial LLC was dissolved August 31, 2006. |
|  | - Equitable JVS was dissolved August, 2007. |
|  | - Astor Times Square Corp. dissolved as of April 2007. |
|  | - Astor/Broadway Acquisition Corp. dissolved as of August 2007. |
|  | - PC Landmark, Inc. has been administratively dissolved. |
|  | - EJSVS, Inc. has been administratively dissolved. |
|  | - STCS, Inc. was dissolved on August 15, 2007. |
|  | - AXA Network of Alabama was merged into AXA Network, LLC. on November 18, 2011 |
|  | - AXA Network of Connecticut, Maine and New York, LLC was merged into AXA Network, LLC. on November 17, 2011 |
|  | - AXA Network Insurance Agency of Massachusetts, LLC was merged into AXA Network, LLC. on November 17, 2011 |
|  | - AXA Network Insurance Agency of Texas, Inc. was merged into AXA Network, LLC. effective January 1, 2012. |
|  | - AXA Network of Nevada, Inc. was merged into AXA Network, LLC. effective January 1, 2012. |
|  | - Equitable Deal Flow Fund, L.P. dissolved effective December 2013. |
|  | - ACMC, LLC dissolved September 26, 2019 |

---

Page 3 of 5

------

***EQUITABLE HOLDINGS, INC. - SUBSIDIARY ORGANIZATION CHART : JUNE 30, 2025***

***LISTING A - EQ Holdings, LLC***

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Type of<br>Subsidiary** | **State of<br>Incorp. or<br>Domicile** | **State of<br>Principal<br>Operation** | **Federal**<br> **Tax ID #** | **Number of<br>Shares<br>Owned** | **Parent's<br>Percent of<br>Ownership<br>or Control** | **Comments (e.g., Basis<br>of Control)** | **Address** | **CityStZip** |
|  Equitable Holdings, Inc. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equitable Equitable Financial Services, LLC (Note 2) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equitable Financial Equitable Life Insurance Company \* |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EQ Holdings, LLC |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equitable Casualty Insurance Company \* | Operating | VT | VT | 06-1166226 | 1000 | 100.00% |  | KeyState Captive Management, LLC 100 Main Street, Suite 1 | Burlington, VT 05402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Corporation (See Note 4 on Page 2) | Operating | DE | NY | 13-3633538 | 100 | 100.00% |  | 1345 Avenue of the Americas | New York, NY 10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; See Attached Listing B |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equitable Distributors, LLC | Operating | DE | NY | 52-2233674 |  | 100.00% |  | 1345 Avenue of the Americas | New York, NY 10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; J.M.R. Realty Services, Inc. | Operating | DE | NY | 13-3813232 | 1000 | 100.00% |  | 1345 Avenue of the Americas | New York, NY 10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equitable Structured Settlement Corp. (See Note 8 on Page 2) | Operating | DE | NJ | 22-3492811 | 100 | 100.00% |  |  |  |

---

\* Affiliated Insurer

---

| | |
|:---|:---|
| Dissolved or | Equitable Investment Corp merged into Equitable Holdings, LLC on November 30, 1999. |
| Merged | Equitable Capital Management Corp. became ECMC, LLC on November 30, 1999.<br> Effective March 15, 2000, Equisource of New York, Inc. and its subsidiaries were merged into AXA Network, LLC, which was then sold to AXA Distribution Holding Corp.<br> Effective January 1, 2002, Equitable Distributors, Inc. merged into AXA Distributors, LLC.<br> AXA Distributors Insurance Agency of Alabama, LLC was merged into AXA Distributors, LLC effective November 30, 2011.<br> AXA Distributors Insurance Agency, LLC was merged into AXA Distributors, LLC effective November 28, 2011.<br> AXA Distributors Insurance Agency of Massachusetts, LLC was merged into AXA Distributors, LLC effective November 29, 2011.<br> AXA Distributors Insurance Agency of Texas Inc. LLC was merged into AXA Distributors, LLC effective November 29, 2011.<br> ELAS Securities Acquisition Corp. was merged into Equitable Holdings, LLC effective July 16, 2012 |

---

***EQUITABLE HOLDINGS, INC. - SUBSIDIARY ORGANIZATION CHART : JUNE 30, 2025***

***LISTING B - AllianceBernstein Corporation***

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Type of<br>Subsidiary** | **State of**<br> **Incorp. or<br>Domicile** | **State of**<br> **Principal<br>Operation** | **Federal<br>Tax ID #** | **Number of**<br> **Shares<br>Owned** | **Parent's<br>Percent of**<br> **Ownership<br>or Control** | **Comments (e.g., Basis<br>of Control)** | **Address** | **CityStZip** |
|  Equitable Holdings, Inc. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alpha Units Holdings, Inc. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Corporation |  | DE | NY | 13-3633538 |  |  | owns 1% GP interest in AllianceBernstein L.P. and 100,000 GP units in AllianceBernstein Holding L.P. | 1345 Avenue of the Americas | New York, New York 10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equitable Financial Services, LLC (Note 2) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Holding L.P. (See Note 4 on Page 2) | HCO (NYSE: AB) | DE | NY | 13-3434400 |  |  |  | 1345 Avenue of the Americas | New York, New York 10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein L.P. (See Note 4 on Page 2) | Operating | DE | NY | 13-4064930 |  |  |  | 1345 Avenue of the Americas | New York, New York 10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Investments Taiwan Limited | Operating | Taiwan | Taiwan |  |  | 75.12% | AllianceBernstein Hong Kong Limited owns 24.88% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AB Trust Company, LLC | Operating | NH | NY |  |  | 100.00% | Sole member interest |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AB Distribution Vehicle LLC (100% owned by ABLP) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alliance Capital Management LLC | HCO | DE | NY |  |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Real Estate Investments LLC | Operating | DE | NY |  |  | 100.00% | Sole member interest |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AB Private Credit Investors LLC | Operating | DE | NY | 47-1265381 |  | 100.00% | Sole member interest |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AB Custom Alternative Solutions LLC | Operating | DE | NY |  |  | 100.00% | Sole member interest (formerly known as RASL) | 1345 Avenue of the Americas | New York, New York 10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sanford C. Bernstein & Co., LLC | Operating | DE | NY | 13-4132953 |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Autonomous Research US LP ['99.9% owned by SCB & Co. LLC & 0.01% by ABLP] |  | NY | NY |  |  |  | '99.9% owned by SCB & Co. LLC & 0.01% by ABLP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AnchorPath Financial, LLC |  | DE | NY |  |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AnchorPath GP, LLC |  | DE | NY |  |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AB Broadly Syndicated Loan Manager LLC |  | DE | NY |  |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB Global Holdings LLC (100% owned by Alliance Capital Mgmt. LLC) |  | DE | NY |  |  | 100.00% | owned by Alliance Capital Mgmt. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bernstein North America Holdings LLC (66.7% (Class A)/95.01 (Class B) owned by SCB Global Holdings LLC and 33.3% (Class A)/4.99% (Class B) by Societe Generale) |  | DE | NY |  |  | 100.00% | SCB Global Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bernstein Institutional Services LLC (100% owned by Bernstein North America Holdings LLC) |  | DE | NY |  |  | 100.00% | SCB Global Holdings LLC 0 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sanford C. Bernstein (Canada) Limited (100% owned by Bernstein North America Holdings LLC) |  |  |  |  |  | 100.00% | Owned by SCB Global Holdings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Business Services Private Limited |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein International LLC | HCO | DE | NY |  |  | 100.00% | Owned by AllianceBernstein L.P. | 1345 Avenue of the Americas | New York, New York 10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sanford C. Bernstein Holdings Limited (43.89% owned by AB International LLC, 5.11% by SCB Global Holdings LLC & 51% by Societe Generale) |  | U.K. | London |  |  | 33.33% | owned each by AB International LLC, AB Corp. of Delaware & SCB Glbl. Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sanford C. Bernstein (Hong Kong) Limited (100% owned by SCB Holdings Limited) (2) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sanford C. Bernstein Japan KK (100% owned by SCB Holdings Limited) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sanford C. Bernstein (Singapore) Private Limited (100% owned by SCB Holdings Limited) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sanford C. Bernstein Ireland Limited (100% owned by SCB Holdings Limited) (no Spain branch) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sanford C. Bernstein (Schweiz) GmbH (100% owned by SCB Holdings Limited) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sanford C. Bernstein Limited (100% owned by SCB Holdings Limited) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sanford C. Bernstein (Autonomous UK) 1 Limited (100% owned by SCB Limited) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bernstein Autonomous LLP (50% by SCB Ltd. and 50% by SCB (Autonomous UK) 1 Ltd.) (2) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Procensus Limited (100% owned by SCB (Autonomous UK) 1 Ltd.) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sanford C. Bernstein (CREST Nominees) Ltd. (100% by SCB Limited) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sanford C. Bernstein (India) Private Limited (99.99% owned by SCB Holdings Limited & 0.01% by SCB Limited) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BSG France S.A. (100% by SCB Holdings Limited) (4) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein (Europe) Limited (Completed the Central Bank of Ireland authorization of MiFID investment firm application but not operational as yet. That will be approximately 7-10 weeks timing) |  | Dublin | Ireland |  |  | 100.00% | AB International LLC owns the other 50% by AB Corp. of Delaware |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Holdings Limited | HCO | U.K. | London |  |  | 100.00% | Owned by AllianceBernstein International LLC. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein ECRED Managment Limited |  | U.K. | London |  |  | 100.00% | Owned by AB International LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein ECRED Co-Investment Limited |  | U.K. | London |  |  | 100.00% | Owned by AB International LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Corporation of Delaware | HCO | DE | NY | 13-2778645 | 10 | 100.00% |  | 1345 Avenue of the Americas | New York, New York 10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein (Argentina) S.R.L. | Operating | Argentina | Buenos Aires |  |  | 99.00% | AllianceBernstein Oceanic Corporation owns 1% and 99% by AB Corporation of Delaware |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AB Germany GmbH |  | Germany | Frankfurt |  |  | 100.00% | AB Corporation of Delaware |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein (Chile) SpA | Operating | Chile | Santiago |  |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Japan Ltd. | Operating | Japan | Tokyo |  |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Invest. Manage. Australia Limited | Operating | Australia | Sydney & Melbourne |  |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Administradora de Carteiras (Brasil) Ltda. | Operating | Brazil | Sao Paulo |  |  | 99.99% | AllianceBernstein Oceanic Corporation owns 0.01% and 99.99% by AB Corporation of Delaware | Rua Jaoquim No. 72, Suite 62 | Sao Paulo, Brazil |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Holdings (Cayman) Ltd. | HCO | Cayman Isles | Cayman Isles |  |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Preferred Limited | HCO | U.K. | London |  |  | 100.00% | Owned by AllianceBernstein Holdings (Cayman) Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CPH Capital Fondsmaeglerselskab A/S (100% by AB Preferred) | Operating | Denmark | Copenhagen |  |  | 100.00% | Owned by AB Preferred |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AB Bernstein Israel Ltd. | Operating | Israel | Tel Aviv |  |  | 100.00% | AB Preferred |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Limited | Operating | U.K. | London |  | 250000 | 100.00% | AB Preferred owns 100% of preference shares (50.05% of ABL issued shares) & AB Holdings Limited owns 100% of ordinary shares (49.95% of ABL issues shares) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein (DIFC) Limited (100% owned by AB Ltd.) |  | United Arib Emirates | Dubai |  |  | 100.00% | AB Limited |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Schweiz AG | Operating | Switzerland | Zurich |  |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein (Luxembourg) S.a.r.l. (1) | Operating | Lux. | Lux. |  | 3999 | 100.00% | AB Holdings Limited owns 79.75% class b ordinary & AB Preferred owns 20.25% preference shares |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein (Mexico) S. de R.L. de C.V. | Operating | Mexico | Mexico City |  |  | 99.00% | AllianceBernstein Oceanic Corp. owns 1% and 99 & by AB Corp of Delaware |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Australia Limited | Operating | Australia | Sydney & Melbourne |  |  | 50.00% | AB International LLC owns the other 50% by AB Corp. of Delaware |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Canada, Inc. | Operating | Canada | Toronto | 13-3630460 | 18750 | 100.00% |  |  |  |

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Page 4 of 5

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***EQUITABLE HOLDINGS, INC. - SUBSIDIARY ORGANIZATION CHART : JUNE 30, 2025***

***LISTING B - AllianceBernstein Corporation***

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Type of<br>Subsidiary** | **State of<br>Incorp. or<br>Domicile** | **State of<br>Principal<br>Operation** | **Federal<br>Tax ID #** | **Number<br>of Shares<br>Owned** | **Parent's<br>Percent of<br>Ownership<br>or Control** | **Comments**<br> **(e.g., Basis**<br> **of Control)** | **Address** | **CityStZip** |
|  Equitable Holdings, Inc. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equitable Financial Services, LLC (Note 2) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Corporation |  | DE | NY | 13-3633538 |  |  |  | 1345 Avenue of the Americas | New York, NY 10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein L.P. | Operating | DE | NY | 13-4064930 |  |  |  | 1345 Avenue of the Americas | New York, NY 10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein International LLC | HCO | DE | NY |  |  | 100.00% | Owned by AllianceBernstein L.P. | 1345 Avenue of the Americas | New York, NY 10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Corporation of Delaware (Cont'd) | HCO | DE | NY | 13-2778645 |  |  |  | 1345 Avenue of the Americas | New York, NY 10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein (Singapore) Ltd. | Operating | Singapore | Singapore |  |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Portugal, Unipessoal LDA. | Operating | Portugal | Lisbon |  |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alliance Capital (Mauritius) Private Ltd. | HCO | Mauritius | Port Louis |  |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Invest. Res. & Man. (India) Pvt. Ltd. | Operating | India | Mumbai |  |  |  | 99.99% AC (Muaritius) and 0.01% ABCD |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Oceanic Corporation | HCO | DE | NY | 13-3441277 | 1000 | 100.00% |  | 1345 Avenue of the Americas | New York, NY 10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Asset Management (Korea) Ltd. | Operating | Korea | Seoul |  |  | 100.00% |  | 14th Floor, Seoul Finance Center, 84 Taepyungro 1-ga, Jung-gu |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Investments, Inc. | Operating | DE | NY | 13-3191825 | 100 | 100.00% |  | 1345 Avenue of the Americas | New York, NY 10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Investor Services, Inc. | Operating | DE | TX | 13-3211780 | 100 | 100.00% |  | 1345 Avenue of the Americas | New York, NY 10105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Hong Kong Limited | Operating | Hong Kong | Hong Kong |  |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Management Consulting (Shanghai) Co., Ltd. (Name chage-formerly AB (Shanghai) Investment Mangagment Co., Ltd.) | Operating | China | Shanghai |  |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AllianceBernstein Fund Management Co., Ltd. (CSRC license issued) |  | China | Shanghai |  |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AB (Shanghai) Overseas Investment Fund Management Co., Ltd. |  | China | Shanghai |  |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; W.P. Stewart & Co., LLC. | Operating | DE | NY | 98-0201080 |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WPS Advisors, LLC. | Operating | DE | NY | 13-4008818 |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; W.P. Stewart Asset Management LLC | Operating | DE | NY | 98-0201079 |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; W.P. Stewart Securities LLC | Dormant | DE | NY | 27-2713894 |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; W.P. Stewart Asset Management (NA), LLC. | Operating | NY | NY | 11-2650769 |  | 100.00% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AB CarVal Investors L.P. |  | DE |  |  |  |  | 99.9% AllianceBernstein L.P. (98.9% LP / 1% GP interests) and AB Corp. of Del. (0.1% preferred LP interest) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CarVal CLO Management GP, LLC |  | DE |  |  |  |  | 100% by ABCarVal Investors L.P. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CarVal CLO Management Holdings, L.P. |  | DE |  |  |  |  | 10% by CarVal CLO Mgmt GP, LLC and 90% by ABCarVal Invstrs LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CarVal CLO Management, LLC |  | DE |  |  |  |  | 100% CarVal CLO Mgmt Hldngs LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CarVal Carry GP Corp. |  | Cayman |  |  |  |  | 100% ABCarVal Invstrs LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CVI General Partner, LLC |  | DE |  |  |  |  | 100% CarVal Carry GP Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CVI Resi Manager, LLC (100% owned by CarVal Carry GP Corp.) |  | DE |  |  |  |  | 100% CarVal Carry GP Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CarVal Investors Luxembourg S.a.r.l. |  | Luxembourg |  |  |  |  | 100% ABCarVal Invstrs LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CarVal Investors UK Limited |  | U.K. |  |  |  |  | 100% ABCarVal Invstrs LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CarVal Investors GB LLP |  | U.K. |  |  |  |  | 97.9% by CarVal Invstrs UK Ltd. and 2.1% by 5 UK members |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CarVal Portugal LDA (now 100% owned by ABCarVal Invstrs LP) |  | Portugal |  |  |  |  | 100% by ABCarVal Invstrs LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CarVal Investors Pte Ltd. |  | Singapore |  |  |  |  | 100% ABCarVal Invstrs LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CarVal Investors PRC Holdings Pte. Ltd. |  | Singapore |  |  |  |  | 100% ABCarVal Invstrs LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CarVal Wensheng Private Fund Management (Shanghai) Co., Ltd. |  | China |  |  |  |  | 80% by ABCarVal Invstrs PRC Hldns Pte Ltd. and 20% by Third Party Parnter |  |  |

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(1) AB (Luxembourg) S.a. r.l. has branch offices in Amsterdam Netherlands; Madrid, Spain, Milan, Italy; Paris,
France; Munich, Germany (with satellite office in Frankfurt) and Stockholm, Sweden.

(2) Bernstein Autonomous LLP has branch office in Dubai.

(3) BSG France SA has branch offices in Amsterdam-Netherlands, Frankfurt-Germany, Madrid-Spain, Milan-Italy and
Stockholm-Sweden.

(4) SCB Hong Kong has branch office in Australia.

(5) AB (Europe) Ltd. had branch office in Frankfurt, Germany.

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