A few weeks ago, I wrote about the Equitable Structured Capital Strategies Plus product changes that were coming on February 18th. With the new updates in effect, not only will the Structured Capital Strategies Plus contract provide a buffer, it will also credit losses up to 10% back into the client’s account.
For example, if the client invested $100,000 into the six-year term contract with the 10% buffer against losses option, and at the end of the term the account value had dropped by 10%, the value of the account would be $110,000. Equitable would be responsible for covering the first 10% of losses in the account because of the 10% buffer option selected, and then they would credit the amount of the loss back into the client’s account.
I have attached the updated sales material for the new Equitable Structured Strategies Plus variable index annuity for your review. If you would like more information about this contract, please contact me at 303.797.9080 x 113 or the Equitable sales desk at 888.517.9900.
Note: These updates have not been approved in all states, so please check the attached “State Approval” list for availability in your state.
Contact Micah Hesting for more information:
Relationships/Business Development Strategist