Equitable Enhances its Flagship Investment-Only Variable Annuity
13 Dicembre 2023 - 3:00PM
Business Wire
New options meet client demand for increased
growth opportunities, partial downside protection and greater
flexibility
Equitable, a leading financial services organization and
principal franchise of Equitable Holdings, Inc. (NYSE: EQH), today
announced enhancements to its Investment Edge® investment-only
variable annuity that add new options designed to increase growth
potential and provide additional flexibility to customize
investment options. This announcement continues Equitable’s strong
track record of innovation in the annuity market.
Growth Multiplier — a new investment option that adds a set
multiple to a positive S&P 500 return — allows individuals who
are willing to take on more investment risk by forgoing partial
downside protection to take advantage of potentially larger
investment gains.
“We know clients are looking for opportunities to continually
grow their retirement savings, especially given the lingering
higher inflation that we are experiencing,” said Steve Scanlon,
Head of Individual Retirement at Equitable. “Our new Growth
Multiplier investment option is designed to help solve for this and
is the latest example of our ongoing commitment to innovate.”
Equitable is also adding its Dual Step-Up segment, a popular
investment option in its Structured Capital Strategies® PLUS
registered index-linked annuity, to Investment Edge. Dual Step-Up
provides the potential for a positive return even during flat or
down markets by guaranteeing a positive return equal to the
performance cap rate if the selected index return is greater than
or equal to the chosen buffer at the end of the investment
period.
Scanlon added, “Many individuals value the opportunity for
partial downside protection in their portfolios even when markets
are up. These enhancements to Investment Edge provide our clients
with more investment options to meet a wide range of risk appetites
and the flexibility to create a truly customized solution to
support their financial future.”
Investment Edge will now include 52 additional buffered
investment options. The new investment options include shorter one-
or five-year investment durations that give clients the flexibility
to reallocate their underlying investments in times of uncertainty
and higher buffers to provide additional partial downside
protection options. New investment segment options include:
- Standard segments with -20% and -40% investment buffers
- One-year, Step-Up segment option with a -15% buffer and
five-year Step-Up segment with a -10% buffer
- Dual-Direction segment options with -15% and -20% buffers
Clients also have the option to transfer between segment
investment options prior to the segment maturity date, adding
flexibility to adjust asset allocations as their circumstances or
market conditions change. Investment Edge now has more than 80
different structured options and more than 100 variable investment
options offered by world class asset managers.
About Investment Edge
Equitable’s Investment Edge investment-only variable annuity
allows clients access to a wide array of world class asset managers
and buffered investment options with tax deferral. Investment Edge
provides clients with the ability to optimize how and when they
start taking distributions for their account, thereby potentially
reducing taxes in the early years of retirement. These benefits can
also be extended to beneficiaries. For an additional cost, clients
can also elect for their premiums to be returned to heirs upon
their death, eliminating a common hesitancy to invest in variable
annuities. It can be used as an investment vehicle for inherited
IRA contracts, increasing flexibility in investment choices beyond
what is often a limited number of options.
About Equitable
Equitable, a principal franchise of Equitable Holdings, Inc.
(NYSE: EQH), has been one of America’s leading financial services
providers since 1859. With the mission to help clients secure their
financial well-being, Equitable provides advice, protection and
retirement strategies to individuals, families and small
businesses. Equitable has more than 8,000 employees and Equitable
Advisors financial professionals serves 2.8 million clients across
the country. Please visit equitable.com for more information.
“Equitable” refers in this press release to Equitable Financial
Life Insurance Company (Equitable Financial) (NY, NY) and Equitable
Financial Life Insurance Company of America (Equitable America), an
AZ stock company, issuers of the Investment Edge® and Structured
Capital Strategies® variable annuities. Overall, Equitable is the
brand name of the retirement and protection subsidiaries of
Equitable Holdings, Inc., including Equitable Financial, Equitable
America, and Equitable Distributors, LLC. Equitable Advisors is the
brand name of Equitable Advisors, LLC (member FINRA, SIPC)
(Equitable Financial Advisors in MI and TN). Reference to the 1859
founding applies specifically and exclusively to Equitable
Financial Life Insurance Company.
Investment Edge® and Structured Capital Strategies® are
offered by prospectus, which contains important information about
investment objectives, risks, charges, and expenses. For a
prospectus, contact your financial professional or the company, or
visit the Structured Capital Strategies section of
www.equitable.com. Be sure to read the prospectus
carefully before investing or sending money.
A variable annuity is a tax-deferred financial product designed
to allow you to invest for growth potential and provide income for
retirement or other long-term life goals. In essence, an annuity is
a contractual agreement in which payment(s) are made to an
insurance company, which agrees to pay out income or a lump sum
amount at a later date. Variable annuities are subject to market
risk including loss of principal. Earnings are taxable as ordinary
income when distributed and may be subject to an additional 10%
federal tax if withdrawn before age 59½. There are fees, charges,
limitations, and restrictions associated with variable annuity
contracts. For costs and complete details of coverage, speak to a
financial professional/insurance licensed registered
representative. All guarantees are subject to the claims paying
ability of the issuing life insurance company. Regarding partial
downside protection, there is a risk of a substantial loss of
principal and previously credited interest because the contract
holder agrees to absorb all losses to the extent they exceed the
downside protection provided by the variable annuity. It is not
possible to invest directly in an index. GE-6131210.1(12/23)
(exp.12/25)
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version on businesswire.com: https://www.businesswire.com/news/home/20231212280533/en/
Media: Abby Aylman Cohen (212) 314-2010
mediarelations@equitable.com
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