EQUI-VEST® GWBL Rollover Annuity
Equitable Financial Life Insurance Company of America
Issued through: Variable Account AA
Equitable Financial Life Insurance Company
Issued through: Separate Account A
Summary Prospectus for New Investors
May 1, 2025
This summary prospectus (the “Summary Prospectus”) summarizes key features of the contract. Before you invest, you should also review the statutory prospectus (the “prospectus”) for the contract, which contains more information about the contract’s features, benefits, and risks. You can find this document and other information about the contract online at www.equitable.com/ICSR#EQH161822. You can also obtain this information at no cost by calling 1-877-522-5035, by sending an email request to EquitableFunds@dfinsolutions.com, or by calling your financial intermediary.
The EQUI-VEST® GWBL Rollover Annuity contracts are variable deferred annuity contracts offered as nonqualified annuity contracts for after-tax contributions and individual retirement annuity contracts. This Summary Prospectus only describes EQUI-VEST® GWBL Rollover Annuity. The contracts provide for the accumulation of retirement savings and for guaranteed payments from those savings. The contracts offer death benefit protection as well. They also offer a number of payout options.
You invest to accumulate value on a tax-favored basis in one or more of our guaranteed benefits or investment options: (i) variable investment options, or (ii) the Guaranteed Withdrawal Benefit for Life. The investment options are listed in Appendix “Investment options available under the contract”.
The Securities and Exchange Commission has not approved or disapproved these securities or passed upon the adequacy of this prospectus. Any representation to the contrary is a criminal offense.
The contract is a complex investment that involves risks, including potential loss of principal. You should speak with a financial professional about the features, benefits, risks, and fees and whether the contract is appropriate for you based on your financial situation and objectives.
The contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals could result in taxes, and tax penalties.
All guarantees are subject to the Company’s financial strength and claims paying ability.
You may cancel your contract within 10 days of receiving it without paying fees or penalties. In some states, this cancellation period may be longer. Upon cancellation, you will receive either a full refund of the amount you paid with your application or your total account value. You should review the prospectus, or consult with your investment professional, for additional information about the specific cancellation terms that apply.
We reserve the right to stop accepting any application or contribution from you at any time, including after you purchase the contract. If you have one or more guaranteed benefits and we exercise our right to discontinue the acceptance of, and/or place additional limitations on, contributions to the contract, you may no longer be able to fund your account value or guaranteed benefit(s). This means that if you have already funded your guaranteed benefits, you may no longer be able to increase your account value or your guaranteed benefits.
Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission’s staff and is available at Investor.gov.
Overview of the contract
Purpose of the Contract
The contract is designed to help you accumulate assets through investments in underlying Portfolios and the Guaranteed Withdrawal Benefit for Life feature during the accumulation phase. It can provide or supplement your retirement income by providing a stream of income payments during the annuity phase. It also provides portability of amounts invested in such guaranteed benefits in the event a plan participant has a distributable event under the terms of the employer’s plan and either wants to or needs to leave the employer’s plan. The contract may be appropriate if you have a long-term investment horizon. It is not intended for people who may need to access invested funds within a short-term timeframe or frequently, or who intend to engage in frequent transfers of the underlying Portfolios.
Phases of the Contract
The contract has two phases: an accumulation (savings) phase and an income (annuity) phase.
Accumulation (Savings) Phase
During the accumulation phase, you can allocate your contributions to one or more of the available investment options, which include:
| • | Guaranteed Withdrawal Benefit for Life; |
| • | Variable investment options; and |
| • | Maximum payment plan or the Customized payment plan. |
For additional information about each investment option see Appendix “Investment options available under the contract.”
Income (Annuity) Phase
You enter the income phase when you annuitize your contract. During the income phase, you will receive a stream of fixed income payments for the annuity payout period of time you elect. You can elect to receive annuity payments (1) for life; (2) for life with a certain minimum number of payments; or (3) for life with a certain amount of payment. Please note that when you annuitize, your investments are converted to income payments and you will no longer be able to make any additional withdrawals from your contract. All accumulation phase benefits, including any death benefit, and the Guaranteed Withdrawal Benefit for Life, terminate upon annuitization and the contract has a maximum annuity commencement date.
Contract Features
The contract provides for the accumulation of retirement savings and income. The contract offers income and death benefit protection, and offers various payout options.
Death Benefit
Your contract includes a standard death benefit that pays your beneficiaries an amount equal to your account value.
Living Benefit
A living benefit called the Guaranteed Withdrawal Benefit for Life (“GWBL”) is included with the contract for an additional charge. The GWBL is a benefit that guarantees, subject to certain restrictions, annual lifetime payments. The minimum guarantee provided by this benefit may never come into effect.
Maximum payment plan or the Customized payment plan
You may elect either the Maximum payment plan or the Customized payment plan at any time after you are eligible to start taking Guaranteed Annual Withdrawal Amount payments at no additional charge. Our Maximum payment plan provides for the withdrawal of the Guaranteed Annual Withdrawal Amount in scheduled payments. Our Customized payment plan provides you with the option of electing to take a fixed dollar amount withdrawal not to exceed the Guaranteed Annual Withdrawal Amount, which will be subtracted from your account value.
Other contracts
We offer a variety of fixed and variable annuity contracts. They may offer features, including investment options, and have fees and charges, that are different from those in the contracts offered by this prospectus. Not every contract we issue, including some described in this prospectus, is offered through every selling broker-dealer. Some selling broker-dealers may not offer and/or limit the offering of certain features or options, as well as limit the availability of the contracts, based on issue age or other criteria established by the selling broker-dealer. Upon request, your financial professional can show you information regarding our other annuity contracts that he or she distributes. You can also contact us to find out more about the availability of any of the our annuity contracts.
You should work with your financial professional to decide whether the GWBL is appropriate for you based on a thorough analysis of your particular insurance needs, financial objectives, investment goals, time horizons and risk tolerance.
Access to Your Money
During the accumulation phase you can take withdrawals from your contract. Withdrawals will reduce your account value and may be subject to income taxes, as well as a tax penalty if you are younger than 591⁄2. Withdrawals may also reduce (possibly on a greater than dollar-for-dollar basis) or terminate any guaranteed benefits.
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Important information you should consider about the contract
| FEES AND EXPENSES | ||
| Are There Transaction Charges? | Yes. You may be charged for other transactions including special requests such as wire transfers, express mail, duplicate contracts, preparing checks, third-party transfers or exchanges, or when you transfer between investment options in excess a certain number.
For additional information about transaction charges see “Charges that the Company deducts” in “Charges and expenses” in the prospectus. | |
| Are There Ongoing Fees and Expenses? | Yes. The table below describes the fees and expenses that you may pay each year under the contract, depending on the investment options you choose. Please refer to your contract specifications page of your contract for information about the specific fees you will pay each year based on the options you have elected.
|
| Annual Fee | Minimum | Maximum | ||
| Base Contract(1) | 1.00% | 1.00% | ||
| Portfolio Company fees and expenses(2) | 0.95% | 1.13% | ||
| Guaranteed benefits(3) | 1.00% | 1.00% | ||
| (1) Expressed as an annual percent of daily net assets in the variable investment options. (2) Expressed as an annual percentage of daily net assets in the Portfolio. This range is for the year ended December 31, 2024 and could change from year to year. (3) Expressed as an annual percentage of the applicable benefit base.
| ||
| Because your contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your contract, the following table shows the lowest and highest cost you could pay each year, based on current charges. This estimate assume that you do not take withdrawals from the contract or make any other transactions. | ||
| Lowest Annual Cost $2,588 |
Highest Annual Cost $2,724 | |
| Assumes: • Investment of $100,000 • 5% annual appreciation • Least expensive combination of contract and Portfolio fees and expenses • Least expensive combination of benefits • No sales charge • No additional contributions, transfers or withdrawals • No contract adjustments |
Assumes: • Investment of $100,000 • 5% annual appreciation • Most expensive combination of benefits (Guaranteed Withdrawal Benefit for Life) and Portfolio fees and expenses • No sales charges • No additional contributions, transfers or withdrawals • No contract adjustments | |
| For additional information about ongoing fees and expenses see “Fee table” in the prospectus. | ||
| RISKS | ||
| Is There a Risk of Loss From Poor Performance? | Yes. The contract is subject to the risk of loss. You could lose some or all of your account value depending on the investment options you choose.
For additional information about the risk of loss see “Principal risks of investing in the contract”. | |
| Is this a Short-Term Investment? | No. The contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash because the contract is designed to provide for the accumulation of retirement savings and income on a long-term basis. As such, you should not use the contract as a short-term investment or savings vehicle. Withdrawals may be subject to federal and state income taxes and tax penalties.
For additional information about the investment profile of the contract see “Fee table” in the prospectus. | |
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| What are the Risks Associated with the Investment Options? | An investment in the contract is subject to the risk of poor investment performance and can vary depending on the performance of the variable investment options available under the contract, (e.g., the Portfolios). Each investment option has its own unique risks. You should review the investment options available under the contract before making an investment decision.
For additional information about the risks associated with investment options see “What are your investment options under the contract?” and “Portfolios of the Trust” in “Purchasing the contract” in the prospectus. See also Appendix “Investment options available under the contract” in the prospectus. | |
| What are the Risks Related to the Insurance Company? | An investment in the contract is subject to the risks related to the Company. The Company is solely responsible to the contract owner for the contract’s account value and the Guaranteed Withdrawal Benefit for Life. The general obligations and the Guaranteed Withdrawal Benefit for Life under the contract are supported by our general account and are subject to our claims paying ability. An owner should look solely to our financial strength for our claims-paying ability. More information about the Company, including our financial strength ratings, may be obtained at www.equitable.com/about-us/financial-strength-ratings.
For additional information about insurance company risks see “About the general account” in “More information” in the prospectus. | |
| RESTRICTIONS | ||
| Are There Restrictions on the Investment Options? | Yes. We may, at any time, exercise our rights to limit or terminate your contributions, allocations and transfers to any of the variable investment options and to limit the number of variable investment options which you may select. Such rights include, among others, removing or substituting the variable investment options, combining any two or more variable investment options and transferring account value from any variable investment option to another variable investment option.
For more information see “About the Separate Account” in “More information” in the prospectus.
For additional information about restrictions on investment options, including information regarding volatility management strategies and techniques, see “Portfolios of the Trust” in “Purchasing the Contract” in the prospectus. | |
| Are There Any Restrictions on Contract Benefits? | Yes. At any time, we have the right to limit or terminate your contributions, allocations and transfers to any of the variable investment options. If we exercise our right to discontinue the acceptance of, and/or place additional limitations on contributions to the contract and/or contributions and/or transfers to any of the variable investment options, you may no longer be able to fund your guaranteed benefit.
Withdrawals that exceed limits specified by the terms of an optional benefit could significantly reduce or terminate the benefit.
For additional information about the GWBL benefit see “How you can purchase and contribute to your contract” in “Purchasing the Contract” in the prospectus. | |
| TAXES | ||
| What Are the Contract’s Tax Implications? | You should consult with a tax professional to determine the tax implications of an investment in, and payments received under, the contract. There is no additional tax benefit to you if the contract is purchased through a tax-qualified plan or individual retirement account (IRA). Withdrawals will be subject to ordinary income tax and may be subject to tax penalties. Generally, you are not taxed until you make a withdrawal from the contract.
For additional information about tax implications see “Tax information” in the prospectus. | |
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| CONFLICTS OF INTEREST | ||
| How Are Investment Professionals Compensated? | Some financial professionals may receive compensation for selling the contract to you, both in the form of commissions or in the form of contribution-based compensation. Financial professionals may also receive additional compensation for enhanced marketing opportunities and other services (commonly referred to as “marketing allowances”). This conflict of interest may influence the financial professional to recommend this contract over another investment.
For additional information about compensation to financial professionals see “Distribution of the contracts” in “More information” in the prospectus. | |
| Should I Exchange My Contract? | Some financial professionals may have a financial incentive to offer a new contract in place of the one you already own. You should only exchange your contract if you determine, after comparing the features, fees, and risks of both contracts, as well as any fees or penalties to terminate your existing contract, that it is preferable to purchase the new contract rather than continue to own your existing contract.
For additional information about exchanges see “Charge for third-party transfer or exchange” in “Charges and expenses” in the prospectus. | |
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Benefits available under the contract
Summary of Benefits
The following tables summarize important information about the benefits available under the contract.
Death Benefit
This death benefit is available during the accumulation phase:
| Name of Benefit | Purpose | Standard/ Optional |
Annual Fee | Brief Description of Restrictions/ Limitations | ||||||
| Max | Current | |||||||||
| Death Benefit | Guarantees beneficiaries will receive a benefit at least equal to your contributions less adjusted withdrawals. | Standard | No Additional Charge |
• Withdrawals could significantly reduce or terminate benefit | ||||||
Living Benefits
This living benefit is available the accumulation phase:
| Name of Benefit | Purpose | Standard/ Optional |
Annual Fee | Brief Description of Restrictions/ Limitations | ||||||
| Max | Current | |||||||||
| The Guaranteed Withdrawal Benefit for Life (“GWBL”) | Guarantees allows for withdrawals that you can take from your account value beginning at age 65 or later. | Standard | 1.00% | 1.00% | • Excess withdrawals or withdrawals prior to age 65 could significantly reduce or terminate benefit | |||||
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Buying the Contract
You may purchase a contract by making payments to us that we call “contributions.” We can refuse to accept an application from you or any contribution from you at any time, including after you purchase the contract.
There is no minimum or maximum contribution amount required in order to purchase the EQUI-VEST® GWBL Rollover Annuity contract.
Minimum initial and subsequent contribution amounts
While there is no minimum initial contribution required, we do require that you have established a minimum of $1,000 in guaranteed annual payments under your Prior Contract.
Limitations on contributions to the contract
We reserve the right to refuse to accept any contribution under the contract at any time or change our contribution limits and requirements. This means that If you have a guaranteed benefit and we exercise our right to discontinue the acceptance of, and/or place additional limitations on, contributions to the contract, you may no longer be able to fund your guaranteed benefit. This means that if you have already funded your guaranteed benefit, you may no longer be able to increase your guaranteed benefit.
When initial and subsequent contributions are credited
Initial Contribution
Your initial contribution must generally be accompanied by an application and any other form we need to process the contribution. If your application is in good order when we receive it for application processing purposes, your contribution will be applied within two business days. If any information is missing or unclear, we will hold the contribution, whether received via check or wire, in a non-interest bearing suspense account while we try to obtain that information. If we are unable to obtain all of the information we require within five business days after we receive an incomplete application or form, we will return the contribution to you unless you specifically direct us to keep your contribution until we receive the required information. The contribution will be applied as of the date we receive the missing information.
Subsequent Contributions
Generally, no subsequent contribution can be made.
Additional limitations on contributions to the contract
Upon advance notice to you, we may exercise certain rights we have under the contract regarding contributions, including our right to discontinue acceptance of contributions. Please see the “How you can contribute to your contract” in “Purchasing the Contract” to the prospectus for detailed information. You can obtain the prospectus by calling the number or accessing the website noted on the first page of this summary prospectus.
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Making Withdrawals: Accessing the Money in Your Contract
Accessing your money
You have several ways to withdraw your account value before annuity payments begin. Depending on your type of contract, you may generally take partial withdrawals from your contract at any time or, depending on your specific situation, set up an automatic payment plan, a systematic withdrawal plan, a substantially equal withdrawals plan or a lifetime RMD payments plan. You may also surrender your contract to receive its cash value at any time. If we receive a withdrawal or surrender request in good order before the close of the NYSE (typically 4:00 pm eastern), we will process the request that day. If we receive the request after the close of the NYSE, we will process the request on the next business day. We will generally send you the full requested withdrawal amount and deduct any applicable withdrawal charges from account value unless your request otherwise.
Withdrawals will reduce your account value and may be subject to income taxes and a tax penalty. Withdrawals may also reduce (possibly on a greater than a pro rata basis) or terminate any optional guaranteed benefits. Surrenders also may be subject to income taxes and a tax penalty if you are younger than 59 ½.
Please see “Accessing your money” in the prospectus for more information on the ways you may withdraw your account value.
How withdrawals are taken from your account value
Unless you specify otherwise, we will subtract your withdrawals on a pro rata basis from your value in the investment options.
If you elect to take partial withdrawals, you should monitor your withdrawals to ensure that you do not exceed your Guaranteed Annual Withdrawal Amount in any contract year and cause an Excess withdrawal. Early and Excess withdrawals may significantly reduce or eliminate the value of the EQUI-VEST® GWBL Rollover Annuity contract. See “Effect of Early and Excess withdrawals” in “Benefits available under the contract” in the prospectus.
When to expect payments
Generally, we will fulfill requests for payments out of the variable investment options within seven calendar days after the date of the transaction to which the request relates. These transactions may include payment of the remaining account value following the owner’s death, payment of any amount you withdraw, payment of the account value (upon surrender), and applying proceeds upon annuitization.
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Additional Information About Fees
The following tables describe the fees and expenses that you will pay when buying, owning and, surrendering, or making withdrawals from an investment option or from the contract. Please refer to your contract specifications page for information about the specific fees you will pay each year based on the investment options you have elected.
The first table describes fees and expenses that you will pay at the time that you buy the contract, surrender the contract, or make certain withdrawals from an investment option or from the contract, or transfer account value between investment options. Charges designed to approximate certain taxes that may be imposed on us, such as premium taxes in your state, may also apply.
| Transaction Expenses | ||
| Sales Load Imposed on Purchases (as a percentage of purchase payments) | None | |
| Transfer Fee | None | |
| Third Party Transfer or Exchange Fee(1) | $65 | |
| Special Service Charges(2) | $90 | |
| (1) | This charge will never exceed 2% of the amount disbursed or transferred. We may discontinue these services at any time. |
| (2) | Unless you specify otherwise, this charge will be deducted from the amount you request. Special service charges include (1) express mail charge; and (2) wire transfer charge. The current maximum charge for each service is $90. We may discontinue these services at any time. |
The next table describes the fees and expenses that you will pay each year during the time that you own the contract (not including Portfolio fees and expenses).
| Annual Contract Expenses | ||
| Annual Administrative Charge(1) | $65 | |
| Base Contract Expenses (as a percentage of daily net assets in the variable investment options) | 1.00% | |
| Guaranteed Benefit Expenses | ||
| Guaranteed Withdrawal Benefit for Life charge(2) |
1.00% |
| (1) | The annual administrative charge is deducted from your account value on each contract date anniversary. The current charge is equal to the lesser of $30 or 2% of your total account value plus any amount previously withdrawn during the contract year. If the contract is surrendered or annuitized, or a death benefit is paid on any date other than a contract anniversary, we will deduct a pro rata portion of the annual administrative charge for that year. We currently waive the annual administrative charge that would otherwise be deducted in the next contract year under any EQUI-VEST® GWBL Rollover Annuity contract having an account value that, when combined with the account value of other EQUI-VEST® contracts owned by the same person, equals to or exceeds $100,000 in the aggregate (as determined in January of each year). This does not apply to contracts owned by different members of the same household. We may change or discontinue this practice at any time without prior notice. |
| (2) | Deducted annually on each contract date anniversary for which the benefit is in effect. If the contract is surrendered, or a death benefit is paid, on any date other than your contract date anniversary, we will deduct a pro rata portion of the charge for that year. |
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The next item shows the minimum and maximum total operating expenses charged by the underlying Portfolios that you may pay periodically during the time that you own the contract. Expenses shown may change over time and may be higher or lower in the future. A complete list of Portfolios available under the contract, including their annual expenses, may be found at the back of this document. See Appendix “Investment options available under the contract.”
| Annual Portfolio Expenses | Minimum | Maximum | ||||||
| Annual Portfolio Expenses prior to Expense Limitation Arrangement (expenses that are deducted from Portfolio assets including management fees, 12b-1 fees, service fees, and other expenses)* | 0.95 | % | 1.13 | % | ||||
| Annual Portfolio Expenses after Expense Limitation Arrangement (expenses that are deducted from Portfolio assets including management fees, 12b-1 fees, service fees, and other expenses)** | 0.95 | % | 1.13 | % | ||||
| * | “Annual Portfolio Expenses” may be based, in part, on estimated amounts of such expenses. The expenses listed are for the year ended December 31, 2024. |
| ** | “Annual Portfolio Expenses” are based, in part, on estimated amounts of such expenses. Pursuant to a contract, Equitable Investment Management Group, LLC has agreed to make payments or waive its management, administrative and other fees to limit the expenses of certain affiliated Portfolios through April 30, 2026 (“Expense Limitation Arrangement”) (unless the Trust’s Board of Trustees consents to an earlier revision or termination of this agreement). The Expense Limitation Arrangement may be terminated by Equitable Investment Management Group, LLC at any time after April 30, 2026. |
Example
This Example is intended to help you compare the cost of investing in the variable investment options with the cost of investing in other annuity contracts that offer variable investment options. The costs include transaction expenses, annual contract expenses, and annual Portfolio expenses.
The Example assumes that you invest $100,000 in the variable investment options for the time periods indicated. The Example also assumes that your investment has a 5% return each year and assumes the most expensive combination of annual Portfolio expenses, as well as the Guaranteed Withdrawal Benefit for Life at its maximum charge.
Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
| If you surrender your contract or
annuitize (under a non-life option) at the end of the applicable time period |
If you do not surrender your contract | |||||||||||||||||||||||||||||
| 1 year | 3 years | 5 years | 10 years | 1 year | 3 years | 5 years | 10 years | |||||||||||||||||||||||
| N/A | $ | 10,029 | $ | 17,005 | $ | 35,518 | N/A | $ | 10,029 | $ | 17,005 | $ | 35,518 | |||||||||||||||||
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Appendix: Investment options available under the contract
(a) Variable investment options
The following is a list of Portfolio Companies available under the contract. More information about the Portfolio Companies is available in the prospectuses for the Portfolio Companies, which may be amended from time to time and can be found online at www.equitable.com/ICSR#EQH161822. You can request this information at no cost by calling 1-877-522-5035 or by sending an email request to EquitableFunds@dfinsolutions.com.
The current expenses and performance information below reflects fee and expenses of the Portfolios, but do not reflect the other fees and expenses that your contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Portfolio’s past performance is not necessarily an indication of future performance.
Affiliated Portfolio Companies:
| Current Expenses |
Average Annual Total Returns (as of 12/31/2024) |
|||||||||||||||||
| TYPE | Portfolio Company - Investment Adviser; Sub-Adviser(s), as applicable | 1 year | 5 year | 10 year | ||||||||||||||
| Asset Allocation | EQ/AB Dynamic Moderate GrowthΔ — Equitable Investment Management Group, LLC (“EIMG”); AllianceBernstein L.P. | 1.13% | 10.75% | 4.56% | 4.73% | |||||||||||||
| Asset Allocation | EQ/Balanced Strategy† — EIMG | 0.98% | 9.16% | 4.90% | 5.01% | |||||||||||||
| Asset Allocation | EQ/Conservative Growth Strategy† — EIMG | 0.97% | 7.66% | 3.87% | 4.11% | |||||||||||||
| Asset Allocation | EQ/Conservative Strategy† — EIMG | 0.95% | 4.80% | 1.82% | 2.33% | |||||||||||||
| Asset Allocation | EQ/Moderate Growth Strategy† — EIMG | 0.99% | 10.76% | 5.96% | 5.91% | |||||||||||||
| Δ | Certain other affiliated Portfolios, as well as unaffiliated Portfolios, may utilize volatility management techniques that differ from the EQ volatility management strategy. Affiliated Portfolios that utilize these volatility management techniques are identified in the chart by a “Δ”. Any such unaffiliated Portfolio is not identified in the chart. See “Portfolios of the Trusts” for more information regarding volatility management. |
| † | EQ Managed Volatility Portfolios that include the EQ volatility management strategy as part of their investment objective and/or principal investment strategy, and the EQ/affiliated Fund of Fund Portfolios that invest in Portfolios that use the EQ volatility management strategy, are identified in the chart by a “†“. See “Portfolios of the Trusts” for more information regarding volatility management. |
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EQUI-VEST® GWBL Rollover Annuity
Issued by
Equitable Financial Life Insurance Company of America
Equitable Financial Life Insurance Company
This summary prospectus describes the important features of the contract and provides information about Equitable Financial Life Insurance Company of America and Equitable Financial Life Insurance Company (the “Company”, “we”, “our” and “us”).
We have filed with the Securities and Exchange Commission a prospectus and Statements of Additional Information (“SAI”) that include additional information about EQUI-VEST® GWBL Rollover Annuity, Equitable Financial Life Insurance Company of America and Variable Account AA, and Equitable Financial Life Insurance Company and Separate Account A, respectively. The prospectus and SAI, each dated May 1, 2025, are incorporated by reference into this summary prospectus. The prospectus and SAI are available free of charge. To request a copy of either document, to ask about your contract, or to make other investor inquiries, please call (800) 628-6673. The prospectus and SAI are also available at our website, www.equitable.com/ICSR#EQH161822.
Class/Contract Identifier: C000247537 (EFLOA)
Class/Contract Identifier: C000126323 (EFLIC)