Equitable Financial Life Insurance Company of America

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Structured Capital Strategies Income Series B

I've been impressed by the Structured Capital Strategies Income Series B annuity. It's a solid option for us retirees looking for a stable income. Tailored to suit our needs, it provides a guaranteed income regardless of market fluctuations.

After reading the product brochure, what stands out to me is how secure this investment seems. It's smartly designed, and even in uncertain times, it gives reassurance for our finances. Let's protect and grow our hard-earned money with this annuity!

Structured Capital Strategies Income Series B

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About Product

Type

Registered Index-Linked

Purpose

Lifetime Income

Term

6 Years

Surrender schedule

Fee withdrawal:

10%

Flexible premium

Product Life

Market Value Adjustment

Return Of Premium

Minimum Contribution

$25,000

Maximum Contribution

$1,500,000

Max Age Qualified

Types Of Funds

Non-Qualified, 401k, IRA, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, 457 plan, and 1035 Exchange

Launch Date

11/30/2021

Structured Capital Strategies Income is a variable and index-linked deferred annuity contract. The contract offers several payout options and an optional death benefit. You invest to accumulate value on a tax-deferred basis in one variable investment option, in one or more of the Segments comprising the Structured Investment Option or in our Dollar Cap Averaging Program.

Available in states: AK, AZ, AR, CO, CT, DE, DC, FL, GA, IL, IN, IA, KS, KY, LA, ME, MA, MI, MN, MS, MT, NE, NV, NH, NM, NC, ND, OH, OK, PA, RI, SC, SD, TN, TX, VT, VI, WA, WV, WI, and WY

Allocation Accounts

Name	Type	Rates
3-Year S&P 500 Loss Limiter 95 Cap with 10% Buffer	Loss Limiter 95 Triennial	25% Cap
1-Year S&P 500 Loss Limiter 90 Cap with 10% Buffer	Loss Limiter 90 Annual	9.5% Cap
1-Year Nasdaq-100 Dual Step Up Segment with 15% Buffer	Dual Step Up Annual	9% Performance triggered
1-Year Nasdaq-100 Dual Step Up Segment with 10% Buffer	Dual Step Up Annual	10.5% Performance triggered
1-Year MSCI EAFE Dual Step Up Segment with 15% Buffer	Dual Step Up Annual	7% Performance triggered
1-Year MSCI EAFE Dual Step Up Segment with 10% Buffer	Dual Step Up Annual	8.5% Performance triggered
1-Year Russell 2000 Dual Step Up Segment with 15% Buffer	Dual Step Up Annual	9% Performance triggered
1-Year Russell 2000 Dual Step Up Segment with 10% Buffer	Dual Step Up Annual	10.5% Performance triggered
1-Year S&P 500 Dual Step Up Segment with 15% Buffer	Dual Step Up Annual	8% Performance triggered
1-Year S&P 500 Dual Step Up Segment with 10% Buffer	Dual Step Up Annual	9% Performance triggered
3-Year MSCI EAFE Dual Direction Cap with 15% Buffer	Dual Directional Triennial	250% Cap
3-Year Russell 2000 Dual Direction Cap with 10% Buffer	Dual Directional Triennial	50% Cap
3-Year Russell 2000 Dual Direction Cap with 15% Buffer	Dual Directional Triennial	40% Cap
3-Year S&P 500 Dual Direction Cap with 15% Buffer	Dual Directional Triennial	35% Cap
3-Year Nasdaq-100 Dual Direction Cap with 10% Buffer	Dual Directional Triennial	40% Cap
3-Year MSCI EAFE Dual Direction Cap with 10% Buffer	Dual Directional Triennial	500% Cap
3-Year S&P 500 Dual Direction Cap with 10% Buffer	Dual Directional Triennial	40% Cap
3-Year Nasdaq-100 Dual Direction Cap with 20% Buffer	Dual Directional Triennial	30% Cap
3-Year S&P 500 Dual Direction Cap with 20% Buffer	Dual Directional Triennial	30% Cap
1-Year Nasdaq-100 Dual Direction Cap with 15% Buffer	Dual Directional Annual	11% Cap
1-Year S&P 500 Dual Direction Cap with 15% Buffer	Dual Directional Annual	9% Cap
1-Year MSCI EAFE Dual Direction Cap with 15% Buffer	Dual Directional Annual	9% Cap
1-Year Russell 2000 Dual Direction Cap with 15% Buffer	Dual Directional Annual	12% Cap
3-Year Nasdaq-100 Dual Direction Cap with 15% Buffer	Dual Directional Triennial	35% Cap
1-Year MSCI EAFE Dual Direction Cap with 10% Buffer	Dual Directional Annual	13% Cap
1-Year Russell 2000 Dual Direction Cap with 10% Buffer	Dual Directional Annual	16% Cap
1-Year S&P 500 Dual Direction Cap with 10% Buffer	Dual Directional Annual	11.5% Cap
3-Year MSCI EAFE Dual Direction Cap with 20% Buffer	Dual Directional Triennial	65% Cap
3-Year Russell 2000 Dual Direction Cap with 20% Buffer	Dual Directional Triennial	35% Cap
1-Year Nasdaq-100 Dual Direction Cap with 10% Buffer	Dual Directional Annual	14% Cap
3-Year S&P 500 Annual Lock Cap with 10% Buffer	Annual Lock Triennial	13% Cap
3-Year Nasdaq-100 Annual Lock Cap with 10% Buffer	Annual Lock Triennial	15.5% Cap
3-Year MSCI EAFE Annual Lock Cap with 10% Buffer	Annual Lock Triennial	20% Cap
3-Year Russell 2000 Annual Lock Cap with 10% Buffer	Annual Lock Triennial	17% Cap
3-Year MSCI EAFE PTP Cap with 40% Buffer	Point to Point Triennial	80% Cap
3-Year S&P 500 PTP Cap with 40% Buffer	Point to Point Triennial	30% Cap
3-Year S&P 500 Enhanced Upside 125% Participation Rate with Cap with 10% Buffer	Point to Point Triennial	125% Participation 35% Cap
3-Year S&P 500 Enhanced Upside 125% Participation Rate with Cap with 15% Buffer	Point to Point Triennial	125% Participation 30% Cap
3-Year MSCI EAFE PTP Cap with 20% Buffer	Point to Point Triennial	200% Cap
3-Year Russell 2000 PTP Cap with 40% Buffer	Point to Point Triennial	35% Cap
3-Year S&P 500 PTP Cap with 20% Buffer	Point to Point Triennial	40% Cap
3-Year Russell 2000 PTP Cap with 20% Buffer	Point to Point Triennial	50% Cap
1-Year Nasdaq-100 PTP Cap with 40% Buffer	Point to Point Annual	10% Cap
1-Year Nasdaq-100 PTP Cap with 20% Buffer	Point to Point Annual	13% Cap
3-Year Nasdaq-100 PTP Cap with 20% Buffer	Point to Point Triennial	45% Cap
3-Year Nasdaq-100 PTP Cap with 40% Buffer	Point to Point Triennial	35% Cap
1-Year MSCI EAFE PTP Cap with 40% Buffer	Point to Point Annual	15% Cap
1-Year MSCI EAFE PTP Cap with 20% Buffer	Point to Point Annual	16% Cap
1-Year S&P 500 PTP Cap with 20% Buffer	Point to Point Annual	11.5% Cap
1-Year Nasdaq-100 PTP Cap with 15% Buffer	Point to Point Annual	16% Cap
3-Year Russell 2000 PTP Cap with 15% Buffer	Point to Point Triennial	55% Cap
3-Year S&P 500 PTP Cap with 15% Buffer	Point to Point Triennial	50% Cap
3-Year Nasdaq-100 PTP Cap with 10% Buffer	Point to Point Triennial	55% Cap
3-Year MSCI EAFE PTP Cap with 10% Buffer Uncapped	Point to Point Triennial
3-Year Russell 2000 PTP Cap with 10% Buffer	Point to Point Triennial	65% Cap
3-Year S&P 500 PTP Cap with 10% Buffer	Point to Point Triennial	60% Cap
1-Year EURO STOXX 50 PTP Cap with 15% Buffer	Point to Point Annual	20% Cap
1-Year MSCI Emerging Markets PTP Cap with 15% Buffer	Point to Point Annual	17% Cap
3-Year MSCI EAFE PTP Cap with 15% Buffer	Point to Point Triennial	500% Cap
1-Year MSCI EAFE PTP Cap with 15% Buffer	Point to Point Annual	19% Cap
1-Year Russell 2000 PTP Cap with 15% Buffer	Point to Point Annual	17% Cap
1-Year S&P 500 PTP Cap with 15% Buffer	Point to Point Annual	12.5% Cap
1-Year EURO STOXX 50 PTP Cap with 10% Buffer	Point to Point Annual	40% Cap
1-Year MSCI Emerging Markets PTP Cap with 10% Buffer	Point to Point Annual	24% Cap
1-Year Nasdaq-100 PTP Cap with 10% Buffer	Point to Point Annual	19% Cap
1-Year MSCI EAFE PTP Cap with 10% Buffer	Point to Point Annual	24% Cap
1-Year Russell 2000 PTP Cap with 10% Buffer	Point to Point Annual	21% Cap
3-Year Nasdaq-100 PTP Cap with 15% Buffer	Point to Point Triennial	50% Cap
1-Year Russell 2000 PTP Cap with 40% Buffer	Point to Point Annual	12% Cap
1-Year Russell 2000 PTP Cap with 20% Buffer	Point to Point Annual	15% Cap
1-Year S&P 500 Enhanced Upside 125% Participation Rate with Cap with 10% Buffer	Point to Point Annual	125% Participation 12% Cap
3-Year S&P 500 Enhanced Upside 110% Participation Rate with Cap with 10% Buffer	Point to Point Triennial	110% Participation 40% Cap
1-Year S&P 500 PTP Cap with 40% Buffer	Point to Point Annual	9% Cap
3-Year S&P 500 Enhanced Upside 110% Participation Rate with Cap with 15% Buffer	Point to Point Triennial	110% Participation 35% Cap
1-Year S&P 500 PTP Cap with 10% Buffer	Point to Point Annual	14.5% Cap
1-Year Russell 2000 Step Up Segment with 15% Buffer	Performance Triggered Annual	13% Performance triggered
1-Year S&P 500 Step Up Segment with 15% Buffer	Performance Triggered Annual	10% Performance triggered
1-Year MSCI EAFE Step Up Segment with 15% Buffer	Performance Triggered Annual	10.5% Performance triggered
1-Year Nasdaq-100 Step Up Segment with 15% Buffer	Performance Triggered Annual	12% Performance triggered
1-Year Nasdaq-100 Step Up Segment with 10% Buffer	Performance Triggered Annual	13.5% Performance triggered
1-Year MSCI EAFE Step Up Segment with 10% Buffer	Performance Triggered Annual	11% Performance triggered
3-Year S&P 500 Step Up Segment with 10% Buffer	Performance Triggered Triennial	27% Performance triggered
1-Year Russell 2000 Step Up Segment with 10% Buffer	Performance Triggered Annual	14.5% Performance triggered
1-Year S&P 500 Step Up Segment with 10% Buffer	Performance Triggered Annual	11.5% Performance triggered

Surrender schedule

Year	1	2	3	4	5	6
Penalty	7%	7%	6%	5%	4%	3%

Riders

Name	Inbuilt	Fee
SCS Income GLWB Accelerated	Yes	1.50% annually
SCS Income GLWB Level	Yes	1.50% annually

Waivers

Death

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

Nursing Home

Unavailable in states: MA

The withdrawal charge does not apply if an owner (or older joint life, 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. Home Health Care acceptable as long as you have a physician's letter and 2 of 6 ADL.

Terminal Illness

Unavailable in states: MA

The withdrawal charge does not apply if 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.

Disability

Unavailable in states: MA

The withdrawal charge does not apply if an owner (or older joint life, if applicable) has qualified to receive Social Security disability benefits as certified by the Social Security Administration.

Premium Notes

Issue ages

45–80 for Nonqualified, Roth IRA, Traditional IRA and SEP IRA Funds.
45–75 for Qualified Plans

Contribution amounts

NQ. $25,000 (initial) / $500 (subsequent) minimum contribution amounts
Traditional or Roth IRA. $25,000 (initial) / $50 (subsequent) minimum contribution amounts
QP (defined contribution or defined benefit). $25,000 (initial) / $500 (subsequent) minimum contribution amounts
SEP IRA. $25,000 (initial) / $500 (subsequent) minimum contribution amounts

Additional premiums accepted as both, Lump Sum or Periodic payments.

No subsequent contributions are allowed once a withdrawal is made under the contract, including an automatic or systematic withdrawal, a required minimum distribution, a withdrawal under the GLWB rider, or a withdrawal to pay advisory fees under a Series ADV contract.

Withdrawal Provisions

10% free withdrawal amountEach 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”).

Company Founded: 1859

Excellent Rated Company

Equitable Financial Life Insurance Company of America

Company Ratings

4.1