0001193125-23-299414.txt : 20231220 0001193125-23-299414.hdr.sgml : 20231220 20231220091207 ACCESSION NUMBER: 0001193125-23-299414 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20231220 DATE AS OF CHANGE: 20231220 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EQUITABLE FINANCIAL LIFE INSURANCE CO OF AMERICA CENTRAL INDEX KEY: 0000835357 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] ORGANIZATION NAME: 02 Finance IRS NUMBER: 000000000 STATE OF INCORPORATION: AZ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-265027 FILM NUMBER: 231499583 BUSINESS ADDRESS: STREET 1: 8501 IBM DRIVE STREET 2: SUITE 150 CITY: CHARLOTTE STATE: NC ZIP: 28262-4333 BUSINESS PHONE: 2125541234 MAIL ADDRESS: STREET 1: 8501 IBM DRIVE STREET 2: SUITE 150 CITY: CHARLOTTE STATE: NC ZIP: 28262-4333 FORMER COMPANY: FORMER CONFORMED NAME: MONY LIFE INSURANCE CO OF AMERICA DATE OF NAME CHANGE: 20041208 FORMER COMPANY: FORMER CONFORMED NAME: MONY LIFE INSURANCE COMPANY OF AMERICA DATE OF NAME CHANGE: 19981002 424B3 1 d52841d424b3.htm STRUCTURED CAPITAL STRATEGIES PLUS 21 Structured Capital Strategies Plus 21

Filed Pursuant to Rule 424(b)(3)
Registration No. 333-265027

Equitable Financial Life Insurance Company of America

Supplement dated December 20, 2023 to the current Structured Capital Strategies PLUS® 21 Prospectus

 

 

For New Jersey Contracts Only

This Supplement modifies certain information in the above-referenced Prospectus (the “Prospectus”) offered by Equitable Financial Life Insurance Company of America and Equitable Financial Life Insurance Company. You should read this Supplement in conjunction with your Prospectus and retain it for future reference. This Supplement incorporates the Prospectus by reference. Unless otherwise indicated, all other information included in your Prospectus remains unchanged. The terms we use in this Supplement have the same meaning as in your Prospectus.

The purpose of this Supplement is to provide New Jersey contract owners tabular comparison information as specified and required by the State of New Jersey Division of Insurance.

Hypothetical comparison for contracts issued in New Jersey:

Standard Segments – 6 year

 

Segment Duration (in months)    72    Valuation Date (months since Segment Start date)   9    69   72
Segment Investment    $1000.00    Time to Maturity (in months)   63    3   0
Segment Buffer    -20%        Segment Interim Value   Segment Maturity Value
Performance Cap Rate    65%    Change in Index Value:     40%   $1,215.48    $1,391.81   $1,400.00
      10%   $1,057.98    $1,102.86   $1,100.00
      -10%   $940.18    $993.52   $1,000.00
      -40%   $752.09    $797.31   $800.00

Annual Lock Segments – 6 year

 

Segment Duration (in months)    72    Valuation Date (months since Segment Start date)   12   72
Segment Investment    $1000.00    Time to Maturity (in months)   60   0
Segment Buffer    -10%        Segment Interim Value   Segment Maturity Value
Performance Cap Rate    10%    Change in Index Value:     13%   $1,082.31   $1,100.00

Step Up Segments – 1 year

 

Segment Duration (in months)    12    Valuation Date (months since Segment Start date)   3    9   12
Segment Investment    $1000.00    Time to Maturity (in months)   9    3   0
Segment Buffer    -10%        Segment Interim Value   Segment Maturity Value
Performance Cap Rate    6%    Change in Index Value:     10%   $1,035.31    $1,050.08   $1,060.00
      -10%   $956.27    $973.39   $1,000.00

Dual Direction Segments – 6 year

 

Segment Duration (in months)    72    Valuation Date (months since Segment Start date)   9    69   72
Segment Investment    $1000.00    Time to Maturity (in months)   63    3   0
Segment Buffer    -10%        Segment Interim Value   Segment Maturity Value
Performance Cap Rate    90%    Change in Index Value:     40%   $1,244.34    $1,389.87   $1,400.00
      -5%   $971.23    $1,017.30   $1,050.00
      -15%   $897.89    $942.81   $950.00

Enhanced Upside Segments – 6 year

 

Segment Duration (in months)    72    Valuation Date (months since Segment Start date)   9    69   72
Segment Investment    $1000.00    Time to Maturity (in months)   63    3   0
Segment Buffer    -10%        Segment Interim Value   Segment Maturity Value
Performance Cap Rate    85%    Change in Index Value:     40%   $1,258.84    $1,480.85   $1,500.00
Enhanced Upside Rate    125%    -10%   $934.12    $962.43   $1,000.00
      -40%   $692.10    $691.16   $700.00

 

  Catalog No. 800103
SCS PLUS 21/NJ   #52841

Loss Limiter Segments – 6 year

 

Segment Duration (in months)    72    Valuation Date (months since Segment Start date)   9    69   72
Segment Investment    $1000.00    Time to Maturity (in months)   63    3   0
Segment Buffer    -10%        Segment Interim Value   Segment Maturity Value
Performance Cap Rate    10%    Change in Index Value:     40%   $1,100.68    $1,130.99   $1,100.00
Segment Investment    95%    10%   $1,019.41    $1,040.81   $1,100.00
    Protection Level    -10%   $965.05    $981.37   $1,000.00
        -40%   $902.29    $916.50   $950.00