Transcription
WWW.EQUILIFE.COMEQUITABLESECURE SAVINGSMULTI-YEAR GUARANTEE ANNUITYSAFETY & SECURITY WITH OPTIONSMYGA-B - rev 092018
EQUITABLE SECURE SAVINGS EQUITABLE SECURE SAVINGS MAY BE A GOOD FIT FOR YOUIF YOU ARE LOOKING FOR:GROWTH YOU CAN COUNT ONYour premium will earn a guaranteedcompound rate of interest for theguarantee period you choose,regardless of how the stock marketperforms. This guarantee period canbe 2 or 5 years.SHORT TERM COMMITMENT OPTIONS*After the initial 2- or 5-year guaranteeperiod, you will have the opportunity toaccess the full value of your annuity. Ifyou are pleased with your growth andwould like more, you can renew yourcontract.PRINCIPAL PROTECTIONAre you tired of stock market upsand downs? Your funds in the SecureSavings annuity are 100% principalprotected. As long as you keep yourannuity for the guarantee period, yourprincipal and interest earned are fullyguaranteed.TAX DEFERRALAll interest earned in annuities is taxdeferred. You won’t pay taxes on anyinterest until you access the funds inyour annuity.ACCESS TO FUNDS FOR LIFE’SCURVEBALLSIn the first policy year, you can withdrawup to the greater of the accumulatedinterest on your account or yourRequired Minimum Distribution (RMD), ifapplicable, without penalty. Eachpolicy year after the first, you canwithdraw up to the greater of 5% ofyour account value, the accumulatedinterest on your account or anapplicable RMD, without penalty. Afterthe guaranteed period, you can accessthe full account value of your annuity.INCOME OPTIONSUpon maturity, you can convert yourannuity into a guaranteed incomebenefit.WEALTH TRANSFERThe full account value is available toyour loved ones after your death.2*See Page 7 for restrictions.
EQUITABLE SECURE SAVINGS GET STARTED WITHEQUITABLE SECURE SAVINGS IN TWO EASY STEPS:1.Determine how much you wouldlike to save.You can purchase the annuity with aminimum single premium of 10,000.Contributions larger than 500,000require home office approval.2.Choose your guaranteeperiod.You can select the guarantee periodthat best suits your financial goals.The longer the guarantee period, thehigher the guaranteed compoundinterest rate. If the 2-year guaranteeperiod is selected, then interest ratesare guaranteed for the first 2 years ofthe contract.3
EQUITABLE SECURE SAVINGS Equitable SecureSavings with WealthTransfer options.Equitable Secure Savings includes a death benefit thatguarantees your beneficiary willreceive the annuity’s full accountvalue. It will be paid as long asan income option has not beenelected.4
EQUITABLE SECURE SAVINGS ADDITIONALINFORMATIONIssue AgesEquitable Secure Savings .18-90Surrender ChargesIf you surrender or withdraw an amount thatexceeds the free withdrawal amount duringthe surrender charge period, you will incur asurrender charge.Surrender charges do not apply during the30-day ket Value AdjustmentA Market Value Adjustment (MVA) applies toa full or partial surrender to which a surrendercharge applies. It can either increase ordecrease the amount you’ll receive from asurrender or excess withdrawal.It does not apply during the 30-day windowor after the surrender charge period.5
EQUITABLE SECURE SAVINGS BUILDING YOUR SAVINGSWITH INTEREST CREDITINGNo matter what happens with the stock market, EquitableSecure Savings will credit you a fixed interest rate everyyear – even if the stock market declines. This rate will beguaranteed for the guarantee period you select.6
EQUITABLE SECURE SAVINGS ACCESSING YOUR SAVINGSFREE WITHDRAWALSIn the first policy year, the greater of credited interest only or Required Minimum Distribution (RMD)may be withdrawn. In the second policy year and after, the greater of 5% of the Account Value,credited interest or RMD may be withdrawn.RMDs are mandatory withdrawals from qualified contracts. They are required for anyone over age70 ½.AFTER THE GUARANTEE PERIODAt the end of your guarantee period, you will have the option to renew your annuity. You will have a30-day window to select a new guaranteed interest rate. During this window, you can: Continue the policy Apply the account value to an income option Take a partial withdrawal, with no surrender charges or MVA, and continue the policy withthe remaining account value Surrender your annuity with no surrender charges or MVAINCOME OPTIONSEquitable Secure Savings can provide a guaranteed income stream that you cannot outlive. Youmay choose from an income stream for a specific period of time, a specific amount of income,lifetime income or lifetime income guaranteed for a specific period of time. You may elect toreceive your income monthly, quarterly, semi-annually or annually.During the 30-day window or after the surrender charge term has expired, the payment amount willbe based on your account value. At any other time, it will be based on your cash surrender value.Once you elect to receive a guaranteed income stream, the payment schedule and amountcannot be changed.This brochure is for informational purposes only. Review the Product Disclosure document for product detailsand benefits. Restrictions apply. Neither Equitable Life & Casualty Insurance Company nor its representativesprovide legal or tax advice. Consult with your attorney or tax advisor for additional information. Product is NOT:1) a deposit; 2) FDIC or NCUA insured; 3) insured by any federal government agency; or 4) guaranteed by abank, savings association or credit union. Guarantees are based on the financial strength and claims-payingability of Equitable Life & Casualty Insurance Company. Product availability and features may vary by state.Product must be surrendered or renewed within 30 days following the guarantee period or policy willautomatically renew. Contract Form #ICC17 MYGA.7
WWW.EQUILIFE.COM“Equitable” Since 1935The character of the Equitable family sets us apart. Over the years, we’veearned a national reputation for caring. Its value cannot be measured indollars and we passionately guard and preserve it.The heritage of Equitable Life & Casualty Insurance Company and ourcommitment to caring dates back to the Great Depression of the 1930s.Equitable Life & Casualty Insurance Company is Utah’s oldest active life insurer.Licensed to conduct business in 45 states and the District of Columbia, thecompany has an established national footprint.EQUITABLE LIFE & CASUALTY INSURANCE COMPANYPO BOX 2460SALT LAKE CITY, UTAH 84110-2460888-352-5178FAX: 888-352-5126
Surrender your annuity with no surrender charges or MVA INCOME OPTIONS Equitable Secure Savings can provide a guaranteed income stream that you cannot outlive. You may choose from an income stream for a specific period of time, a specific amount of income, lifetime income or lifetime income guaranteed for a specific period of time.
