Filed Pursuant to Rule 424(b)(3)
Registration No. 333-236441
Equitable Financial Life Insurance Company
Equitable Financial Life Insurance Company of America
Supplement dated May 1, 2020 to the current variable life and variable annuity prospectuses
This Supplement updates certain information in the most recent prospectus and statement of additional information you received and in any supplements to that prospectus and statement of additional information (collectively, the ‘‘Prospectus’’). You should read this Supplement in conjunction with the Prospectus and retain it for future reference. Unless otherwise indicated, all other information included in the Prospectus remains unchanged and the Prospectus is hereby incorporated by reference. The terms we use in this Supplement have the same meaning as in the Prospectus. We will send you another copy of any prospectus or supplement without charge upon request. Please contact the customer service group referenced in the Prospectus.
PLEASE NOTE: The name changes, mergers and additions described below may not all be applicable to your contract or policy.
COMPANY NAME CHANGES. Subject to regulatory approval, effective on or about June 15, 2020:
Existing Name | New Name | |||
| AXA Equitable Life Insurance Company | will change its name to | Equitable Financial Life Insurance Company | ||
| AXA Advisors, LLC | will change its name to | Equitable Advisors, LLC | ||
| AXA Distributors, LLC | will change its name to | Equitable Distributors, LLC | ||
| AXA Equitable Funds Management Group, LLC | will change its name to | Equitable Investment Management Group, LLC | ||
| AXA Equitable Network, LLC | will change its name to | Equitable Network, LLC | ||
Until each name change occurs, please read the prospectus using the corresponding “existing name” listed above. For some period of time after each name change occurs, you may still receive correspondence or documents using the corresponding existing name.
TRUST AND VARIABLE INVESTMENT OPTION NAME CHANGES. Subject to regulatory approval and any necessary conditions precedent, effective on or about June 15, 2020:
| Existing Name | New Name | |||
| AXA Premier VIP Trust | will change its name to | EQ Premier VIP Trust | ||
| Charter Multi-Sector Bond | will change its name to | EQ/Core Plus Bond | ||
| EQ/Oppenheimer Global | will change its name to | EQ/Invesco Global | ||
| All Asset Growth-Alt 20 | will change its name to | EQ/All Asset Growth Allocation | ||
| EQ/Capital Guardian Research | will change its name to | EQ/Capital Group Research | ||
| EQ/MFS International Value | will change its name to | EQ/MFS International Intrinsic Value | ||
Until each name change occurs, please read the prospectus using the corresponding “existing name” listed above. For some period of time after each name change occurs, you may still receive correspondence or documents using the corresponding existing name.
UNDERLYING FUND PORTFOLIO AND VARIABLE INVESTMENT OPTION MERGERS. Subject to regulatory approval and any necessary conditions precedent, effective on or about June 8, 2020:
| Acquired Variable Investment Option & Underlying Fund Portfolio | Acquiring Variable Investment Option & Underlying Fund Portfolio | |||
| Charter Aggressive Growth | will be merged into | EQ/All Asset Growth Allocation | ||
| Charter Growth | will be merged into | EQ/All Asset Growth Allocation | ||
| Charter Moderate | will be merged into | EQ/All Asset Growth Allocation | ||
| Charter Moderate Growth | will be merged into | EQ/All Asset Growth Allocation | ||
| Multimanager Mid Cap Growth | will be merged into | EQ/Janus Enterprise | ||
| EQ/UBS Growth and Income | will be merged into | EQ/Capital Guardian Research | ||
| EQ/Franklin Templeton Allocation Managed Volatility | will be merged into | EQ/Aggressive Growth Strategy | ||
| EQ/MFS Technology II | will be merged into | EQ/MFS Technology | ||
Subject to regulatory approval and any necessary conditions precedent, effective on or about June 15, 2020:
| Acquired Variable Investment Option & Underlying Fund Portfolio | Acquiring Variable Investment Option & Underlying Fund Portfolio | |||
| Charter Conservative | will be merged into | EQ/Conservative Allocation | ||
| Charter Small Cap Growth | will be merged into | EQ/Morgan Stanley Small Cap Growth | ||
| Charter Small Cap Value | will be merged into | 1290 VT Small Cap Value | ||
| Multimanager Mid Cap Value | will be merged into | EQ/American Century Mid Cap Value | ||
| EQ/Templeton Global Equity Managed Volatility | will be merged into | 1290 VT SmartBeta Equity | ||
Until each merger occurs, the variable investment option that invests in the underlying portfolio being acquired will be available for investment. Once each merger occurs, the variable investment option that invests in the underlying portfolio that was acquired will no longer be available for investment. For some period of time after each merger occurs, you may still receive correspondence or documents using the corresponding acquired fund name.
NEW VARIABLE INVESTMENT OPTIONS. Subject to regulatory approval and any necessary conditions precedent, the following variable investment options and corresponding underlying fund portfolios will be available in the corresponding products on or about June 8, 2020:
| Variable Investment Option & Underlying Fund Portfolio | Product(s) | |||
| EQ/Aggressive Growth Strategy | will be added to | Accumulator®; The Accumulator® Series; The Accumulator® Series 11.0; The Accumulator® Series 13.0; The Accumulator® Series 13A; EQUI-VEST® (Series 100-500); EQUI-VEST® Employer-Sponsored Retirement Plans; EQUI-VEST® (Series 201); EQUI-VEST® (Series 700); EQUI-VEST® (Series 701); EQUI-VEST® (Series 800); EQUI-VEST® (Series 801); EQUI-VEST® (Series 900); EQUI-VEST® (Series 901); EQUI-VEST® Employer-Sponsored Retirement Plans TSA Advantagesm; EQUI-VEST® Employer-Sponsored Retirement Plans TSA Vantagesm; Retirement Cornerstone® Series | ||
| EQ/MFS Technology | will be added to | Champion 2000; COLI Institutional Series; Incentive Life®; Incentive Life® 2000; Incentive Life® ’02; Incentive Life® ’06; Incentive Life Legacy®; Incentive Life Legacy® (EFLOA); Incentive Life Legacy® II; IncentiveLife Legacy® III; Incentive Life Legacy® II (EFLOA); IncentiveLife Legacy® III (EFLOA); Incentive Life Optimizer®; Incentive Life Optimizer® II; IncentiveLife Optimizer® III; IncentiveLife Optimizer® III (EFLOA); Incentive Life Plus®; Retirement Cornerstone® Series 15.0; Retirement Cornerstone® Series 15A; Retirement Cornerstone® Series 15B; Special Offer Policy; Survivorship Incentive Lifesm Legacy | ||
Subject to regulatory approval and any necessary conditions precedent, the following variable investment options and corresponding underlying fund portfolios will be available in the corresponding products on or about June 15, 2020 (as indicated below):
| Variable Investment Option & Underlying Fund Portfolio | Product(s) | |||
| 1290 VT Small Cap Value | will be added to | 300+ Series; The Accumulator® Series 11.0; The Accumulator® Series 13.0; The Accumulator® Series 13A; Champion 2000; EQUI-VEST® (Series 100-500); EQUI-VEST® Employer-Sponsored Retirement Plans; EQUI-VEST® (Series 700); EQUI-VEST® (Series 701); EQUI-VEST® (Series 800); EQUI-VEST® Employer-Sponsored Retirement Plans TSA Advantagesm; EQUI-VEST® Employer-Sponsored Retirement Plans TSA Vantagesm; Incentive Life®; Incentive Life® 2000; Incentive Life® ’02; Incentive Life® ’06; Incentive Life Legacy®; Incentive Life Legacy® (Equitable Financial Life Insurance Company of America “EFLOA”); Incentive Life Legacy® II; IncentiveLife Legacy® III; Incentive Life Legacy® II (EFLOA); IncentiveLife Legacy® III (EFLOA); Incentive Life Optimizer®; Incentive Life Optimizer® II; IncentiveLife Optimizer® III; IncentiveLife Optimizer® III (EFLOA); Incentive Life Plus®; Momentumsm; Momentumsm Plus; Retirement Cornerstone® Series 12.0; Retirement Cornerstone® Series 13.0; Retirement Cornerstone® Series 15.0; Retirement Cornerstone® Series 15A; Retirement Cornerstone® Series 15B; Retirement Investment Account®; Special Offer Policy; Survivorship Incentive LifeSM Legacy | ||
| 1290 VT SmartBeta Equity | will be added to | Accumulator®; The Accumulator® Series; The Accumulator® Series 11.0; The Accumulator® Series 13.0; The Accumulator® Series 13A; American Dental Association; EQUI-VEST® (Series 100-500); EQUI-VEST® Employer-Sponsored Retirement Plans; EQUI-VEST® (Series 700); EQUI-VEST® (Series 701); EQUI-VEST® (Series 800); EQUI-VEST® Employer-Sponsored Retirement Plans TSA Advantagesm; EQUI-VEST® Employer-Sponsored Retirement Plans TSA Vantagesm; Retirement Cornerstone® Series; Retirement Cornerstone® Series 12.0 | ||
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| Variable Investment Option & Underlying Fund Portfolio | Product(s) | |||
| EQ/American Century Mid Cap Value | will be added to | The Accumulator® Series 11.0; The Accumulator® Series 13.0; The Accumulator® Series 13A; EQUI-VEST® (Series 100-500); EQUI-VEST® Employer-Sponsored Retirement Plans; EQUI-VEST® (Series 700); EQUI-VEST® (Series 701); EQUI-VEST® (Series 900); EQUI-VEST® Employer-Sponsored Retirement Plans TSA Advantagesm; EQUI-VEST® Employer-Sponsored Retirement Plans TSA Vantagesm; EQUI-VEST® Employer-Sponsored Retirement Plans; EQUI-VEST® Vantagesm Additional Contributions Tax-Sheltered (ACTS) Program, New Jersey Department of Higher Education; Momentumsm; Momentumsm Plus | ||
| EQ/Conservative Allocation | will be added to | Investment Edge® 15.0 | ||
| EQ/Morgan Stanley Small Cap Growth | will be added to | The Accumulator® Series 11.0; The Accumulator® Series 13.0; The Accumulator® Series 13A; Champion 2000; EQUI-VEST® (Series 100-500); EQUI-VEST® Employer-Sponsored Retirement Plans; EQUI-VEST® (Series 700); EQUI-VEST® (Series 701); EQUI-VEST® (Series 800); EQUI-VEST® (Series 801); EQUI-VEST® (Series 900); EQUI-VEST® (Series 901); EQUI-VEST® Employer-Sponsored Retirement Plans TSA Advantagesm; EQUI-VEST® Employer-Sponsored Retirement Plans TSA Vantagesm; Incentive Life®; Incentive Life® 2000; Incentive Life® ’02; Incentive Life® ’06; Incentive Life Legacy®; Incentive Life Legacy® (EFLOA); Incentive Life Legacy® II; IncentiveLife Legacy® III; Incentive Life Legacy® II (EFLOA); IncentiveLife Legacy® III (EFLOA); Incentive Life Optimizer®; Incentive Life Optimizer® II; IncentiveLife Optimizer® III; IncentiveLife Optimizer® III (EFLOA); Incentive Life Plus®; Investment Edge® 15.0; Momentumsm; Momentumsm Plus; Special Offer Policy; Survivorship Incentive Lifesm Legacy | ||
This means if you own one of the products listed above you can allocate contributions or transfer account value into the corresponding variable investment options once they are available. However, this also means if you own one of the products listed above you cannot allocate contributions or transfer account value into the corresponding variable investment options before they are available, and any premature allocation instructions will not be in good order.
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