Filed Pursuant to Rule 424(b)(3)
Registration No. 333-262807
Equitable Financial Life Insurance Company of America
Equitable Financial Life Insurance Company
Supplement dated December 21, 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 | |||||||
