v3.26.1
N-4
Dec. 31, 2025
USD ($)
Years
Prospectus:  
Document Type N-4
Entity Registrant Name Separate Account EQ of Venerable Insurance and Annuity Company
Entity Central Index Key 0000923495
Entity Investment Company Type N-4
Document Period End Date Dec. 31, 2025
Amendment Flag false
Item 3. Key Information [Line Items]  
Fees and Expenses [Text Block]
FEES, EXPENSES, AND ADJUSTMENTS
Are there Charges
or Adjustments for
Early Withdrawals?
Yes. Each class of the Contract provides for different Withdrawal Charge periods and percentages:
  • Accumulator® — If you surrender your Contract, apply Cash Value to a non-life contingent annuity payout option, or withdraw money from the Accumulator® Contract within 7 years following your last contribution, you will be assessed a Withdrawal Charge of up to 7% of such contribution. For example, if you make a withdrawal in the first year, you could pay a Withdrawal Charge of up to $7,000 on a $100,000 investment;
  • Accumulator® PlusSM — If you surrender your Contract, apply Cash Value to a non-life contingent annuity payout option, or withdraw money from the Accumulator® PlusSM Contract within 9 years following your last contribution, you will be assessed a Withdrawal Charge of up to 8% of such contribution. For example, if you make a withdrawal in the first year, you could pay a Withdrawal Charge of up to $8,000 on a $100,000 investment;
  • Accumulator® EliteSM — If you surrender your Contract, apply Cash Value to a non-life contingent annuity payout option, or withdraw money from the Accumulator® EliteSM Contract within 4 years following your last contribution, you will be assessed a Withdrawal Charge of up to 8% of such contribution. For example, if you make a withdrawal in the first year, you could pay a Withdrawal Charge of up to $8,000 on a $100,000 investment; and
  • Accumulator® SelectSM — No Withdrawal Charge.
For additional information about charges for surrenders and early withdrawals see “Withdrawal Charge” in “CHARGES AND FEES“ in the Prospectus.
Are there Transaction
Charges?
Yes. In addition to Withdrawal Charges, you may also be charged for other transactions (for special requests such as express mail and duplicate Contracts).
For additional information about transaction charges see “Special Service Charges” in “CHARGES AND FEES“ in the Prospectus.
FEES, EXPENSES, AND ADJUSTMENTS(continued)
Are there Ongoing
Fees and Expenses?
Yes. Each class of the Contract provides for different ongoing fees and expenses. The table below describes the fees and expenses that you may pay each year under the Contract, depending on the options you choose. Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected.
Annual Fee
Minimum
Maximum
Base Contract (varies by Contract class)(1)
1.30%
1.71%
Fund fees and expenses(2)
0.54%
1.38%
Optional benefits available for an additional charge (for a single optional benefit, if elected)(3)
0.25%
1.05%
(1) Expressed as an annual percentage of daily net assets in each Subaccount. The Base Contract fee consists of the Mortality and Expense Risk Charge, the Distribution Charge, and the annual $30 Administrative Charge converted into a percentage and rounded up to the nearest one-hundredth of a percent. We calculate the Base Contract fee by dividing the total amount of these charges collected during the last fiscal year by the total average net assets attributable to the Contracts for that year. The minimum amount above reflects the Base Contract fee for the least expensive Contract class (Accumulator®), while the maximum amount reflects the Base Contract fee for the most expensive Contract class (Accumulator® Select).
(2) Expressed as an annual percentage of daily net assets of the Funds. This range is for the year that ended December 31, 2025, 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 assumes no Credits, no loans, and that you do not take withdrawals from the Contract or make any other transactions, which could add Withdrawal Charges that substantially increase costs.
Lowest Annual Cost
$1,620
Highest Annual Cost
$4,662
Assumes:
  • Investment of $100,000
  • 5% annual appreciation
  • Least expensive combination of Contract class and Fund fees and expenses
  • No optional benefits
  • No sales charges
  • No additional contributions, transfers, or withdrawals
Assumes:
  • Investment of $100,000
  • 5% annual appreciation
  • Most expensive combination of Contract class (Accumulator® SelectSM), optional benefits (GMIB and Greater of 6% Roll-up to Age 85 or Annual Ratchet to Age 85 death benefit, and the Earnings Enhancement Benefit (“EEB”)) and Fund fees and expenses
  • No sales charges
  • No additional contributions, transfers, or withdrawals
For additional information about ongoing fees and expenses see “FEES AND EXPENSES“ and “CHARGES AND FEES“ in the Prospectus.
Charges for Early Withdrawals [Text Block]
Are there Charges
or Adjustments for
Early Withdrawals?
Yes. Each class of the Contract provides for different Withdrawal Charge periods and percentages:
  • Accumulator® — If you surrender your Contract, apply Cash Value to a non-life contingent annuity payout option, or withdraw money from the Accumulator® Contract within 7 years following your last contribution, you will be assessed a Withdrawal Charge of up to 7% of such contribution. For example, if you make a withdrawal in the first year, you could pay a Withdrawal Charge of up to $7,000 on a $100,000 investment;
  • Accumulator® PlusSM — If you surrender your Contract, apply Cash Value to a non-life contingent annuity payout option, or withdraw money from the Accumulator® PlusSM Contract within 9 years following your last contribution, you will be assessed a Withdrawal Charge of up to 8% of such contribution. For example, if you make a withdrawal in the first year, you could pay a Withdrawal Charge of up to $8,000 on a $100,000 investment;
  • Accumulator® EliteSM — If you surrender your Contract, apply Cash Value to a non-life contingent annuity payout option, or withdraw money from the Accumulator® EliteSM Contract within 4 years following your last contribution, you will be assessed a Withdrawal Charge of up to 8% of such contribution. For example, if you make a withdrawal in the first year, you could pay a Withdrawal Charge of up to $8,000 on a $100,000 investment; and
  • Accumulator® SelectSM — No Withdrawal Charge.
For additional information about charges for surrenders and early withdrawals see “Withdrawal Charge” in “CHARGES AND FEES“ in the Prospectus.
Transaction Charges [Text Block]
Are there Transaction
Charges?
Yes. In addition to Withdrawal Charges, you may also be charged for other transactions (for special requests such as express mail and duplicate Contracts).
For additional information about transaction charges see “Special Service Charges” in “CHARGES AND FEES“ in the Prospectus.
Ongoing Fees and Expenses [Table Text Block]
Are there Ongoing
Fees and Expenses?
Yes. Each class of the Contract provides for different ongoing fees and expenses. The table below describes the fees and expenses that you may pay each year under the Contract, depending on the options you choose. Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected.
Annual Fee
Minimum
Maximum
Base Contract (varies by Contract class)(1)
1.30%
1.71%
Fund fees and expenses(2)
0.54%
1.38%
Optional benefits available for an additional charge (for a single optional benefit, if elected)(3)
0.25%
1.05%
(1) Expressed as an annual percentage of daily net assets in each Subaccount. The Base Contract fee consists of the Mortality and Expense Risk Charge, the Distribution Charge, and the annual $30 Administrative Charge converted into a percentage and rounded up to the nearest one-hundredth of a percent. We calculate the Base Contract fee by dividing the total amount of these charges collected during the last fiscal year by the total average net assets attributable to the Contracts for that year. The minimum amount above reflects the Base Contract fee for the least expensive Contract class (Accumulator®), while the maximum amount reflects the Base Contract fee for the most expensive Contract class (Accumulator® Select).
(2) Expressed as an annual percentage of daily net assets of the Funds. This range is for the year that ended December 31, 2025, 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 assumes no Credits, no loans, and that you do not take withdrawals from the Contract or make any other transactions, which could add Withdrawal Charges that substantially increase costs.
Lowest Annual Cost
$1,620
Highest Annual Cost
$4,662
Assumes:
  • Investment of $100,000
  • 5% annual appreciation
  • Least expensive combination of Contract class and Fund fees and expenses
  • No optional benefits
  • No sales charges
  • No additional contributions, transfers, or withdrawals
Assumes:
  • Investment of $100,000
  • 5% annual appreciation
  • Most expensive combination of Contract class (Accumulator® SelectSM), optional benefits (GMIB and Greater of 6% Roll-up to Age 85 or Annual Ratchet to Age 85 death benefit, and the Earnings Enhancement Benefit (“EEB”)) and Fund fees and expenses
  • No sales charges
  • No additional contributions, transfers, or withdrawals
For additional information about ongoing fees and expenses see “FEES AND EXPENSES“ and “CHARGES AND FEES“ in the Prospectus.
Base Contract (of Average Annual Net Assets) (N-4) Minimum [Percent] 1.30%
Base Contract (of Average Annual Net Assets) (N-4) Maximum [Percent] 1.71%
Investment Options (of Average Annual Net Assets) Minimum [Percent] 0.54%
Investment Options (of Average Annual Net Assets) Maximum [Percent] 1.38%
Optional Benefits Minimum [Percent] 0.25%
Optional Benefits Maximum [Percent] 1.05%
Base Contract (N-4) Footnotes [Text Block] Expressed as an annual percentage of daily net assets in each Subaccount. The Base Contract fee consists of the Mortality and Expense Risk Charge, the Distribution Charge, and the annual $30 Administrative Charge converted into a percentage and rounded up to the nearest one-hundredth of a percent. We calculate the Base Contract fee by dividing the total amount of these charges collected during the last fiscal year by the total average net assets attributable to the Contracts for that year. The minimum amount above reflects the Base Contract fee for the least expensive Contract class (Accumulator®), while the maximum amount reflects the Base Contract fee for the most expensive Contract class (Accumulator® Select).
Optional Benefits Footnotes [Text Block] Expressed as an annual percentage of the applicable benefit base.
Investment Options Footnotes [Text Block] Expressed as an annual percentage of daily net assets of the Funds. This range is for the year that ended December 31, 2025, and could change from year to year.
Lowest Annual Cost [Dollars] $ 1,620
Highest Annual Cost [Dollars] $ 4,662
Risks [Table Text Block]
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. For additional information about the risk of loss see “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT“ in the Prospectus.
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. A Withdrawal Charge may apply in certain circumstances and any withdrawals may also be subject to federal and state income taxes and tax penalties.
For additional information about the investment profile of the Contract, see “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT“ in the Prospectus
What are the Risks Associated with 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 investment options available under the Contract (e.g., the Funds). Each investment option, including the Guaranteed Interest Option, has its own unique risks. You should review the investment options available under the Contract, including the Fund prospectuses, before making an investment decision.
For additional information about the risks associated with the investment options available under the Contract, see “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT,” “The Guaranteed Interest Option” in “AVAILABLE INVESTMENT OPTIONS“ and “APPENDIX A – FUNDS AVAILABLE UNDER THE CONTRACT“ in the Prospectus.
What are the Risks
Related to the
Insurance Company?
An investment in the Contract is subject to risks related to the Company. The Company is solely responsible to the Contract Owner for the Contract’s Account Value and the guaranteed benefits. The general obligations, including the Guaranteed Interest Option and any guaranteed benefits under the Contract are supported by our general account and are subject to our claims paying ability. A Contract Owner should look solely to our financial strength for our claims-paying ability. More information about the Company, including our financial strength ratings, is available upon request by writing to Customer Service at P.O. Box 9271, Des Moines, Iowa 50306-9271 or calling 1-800-366-0066.
For additional information about insurance company risks see “About Our General Account” in “OTHER INFORMATION“ in the Prospectus.
Investment Restrictions [Text Block]
Yes. We may, at any time, exercise our rights to limit or terminate your contributions, allocations, and transfers to any of the Subaccounts and to limit the number of Subaccounts which you may select. Such rights include, among others, combining any two or more Subaccounts, substituting Funds and transferring Account Value from any Subaccount to another Subaccount. For more information see “Addition, Deletion or Substitution of Subaccounts and Other Changes” in “VENERABLE INSURANCE AND ANNUITY COMPANY AND ITS SEPARATE ACCOUNT EQ“ in the Prospectus.
Credits under Accumulator® PlusSM Contracts may be recaptured upon annuitization and death.
There are restrictions on the availability of investment options if guaranteed benefits are elected, limits on contributions and transfers into and out of the Guaranteed Interest Option, and restrictions or limitations with the dollar cost averaging programs. See “OVERVIEW OF THE CONTRACT”, and “TRANSFERS AMONG YOUR INVESTMENT OPTIONS” in the Prospectus for more information.
For more information see “Separate Account EQ” in “VENERABLE INSURANCE AND ANNUITY COMPANY AND ITS SEPARATE ACCOUNT EQ“ in the Prospectus. For additional information about the investment options, including information regarding volatility management strategies and techniques, see “THE FUNDS“ and “Available Investment Options” in “THE ANNUITY CONTRACT“ in the Prospectus.
Key Information, Benefit Restrictions [Text Block]
Yes. At any time, we have the right to limit or terminate your contributions, allocations, and transfers to any of the Subaccounts. If you have one or more guaranteed benefits (which are also known as optional 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 guaranteed benefit(s).
We limit the availability of certain investment options if guaranteed benefits are elected. Withdrawals that exceed limits specified by the terms of an optional benefit may affect the availability of the benefit by reducing the benefit by an amount greater than the value withdrawn, and/or could terminate the benefit.
Loans are permitted under Rollover 403(b) Contracts with employer or plan approval, subject to certain restrictions on loan amounts and other optional benefits.
For additional information about the optional benefits see “DEATH BENEFITS”, “OPTIONAL LIVING BENEFITS”, AND “OTHER BENEFITS” in the Prospectus.
Tax Implications [Text Block]
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 was 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 “FEDERAL TAX CONSIDERATIONS“ in the Prospectus.
Investment Professional Compensation [Text Block]
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 “OTHER INFORMATION“ in the Prospectus.
Exchanges [Text Block]
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, that it is preferable to purchase the new contract rather than continue to own your existing contract.
Item 4. Fee Table [Line Items]  
Item 4. Fee Table [Text Block]
FEES AND EXPENSES
The following tables describe the fees and expenses that you will pay when owning, surrendering, or making withdrawals from the Contract. Each of the charges and expenses is more fully described in “CHARGES AND FEES.” Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected.
The first table describes fees and expenses that you will pay at the time that you surrender the Contract or if you make certain withdrawals or request special services. Charges designed to approximate certain taxes that may be imposed on us, such as premium taxes in your state, may also apply.
Transaction Expenses
Accumulator®
Accumulator®
PlusSM
Accumulator®
EliteSM
Accumulator®
SelectSM
Special Services Charges2
 
 
 
  • Express Mail Charge
$90
$90
$90
$90
  • Wire Transfer Charge
$35
$35
$35
$35
  • Duplicate Contract Charge
$35
$35
$35
$35
The next table describes the fees and expenses that you will pay each year during the time that you own the Contract (not including Fund fees and expenses). If you elected an optional benefit, you will pay additional charges, as shown below.
Annual Contract Expenses
Accumulator®
Accumulator®
PlusSM
Accumulator®
EliteSM
Accumulator®
SelectSM
Annual Administrative Charge1
$30
$30
$30
$30
Base Contract Expenses (as a percentage of daily net assets in the Subaccounts)
1.30%
1.55%
1.65%
1.70%
Optional Benefits Expenses2
 
 
 
GMDB charges (as a percentage of the benefit base)3
Annual Ratchet to Age 85
0.25%
0.25%
0.25%
0.25%
Greater of 6% Roll-up to Age 85 or Annual Ratchet to Age 85
0.95%4
0.95%4
0.95%4
0.95%4
GMIB charge (as a percentage of the benefit base)3,5
1.05%6
1.05%6
1.05%6
1.05%6
EEB charge (as a percentage of Account Value)5
0.35%
0.35%
0.35%
0.35%
GWBL benefit charge (as a percentage of the benefit base)
1.05%7,8
1.05%7,8
1.05%7,8
1.05%7,8
Net Loan Interest Charge (as a percentage of amounts held in the loan reserve account)9
2.00%
2.00%
2.00%
2.00%
The next table shows the minimum and maximum total operating expenses charged by the underlying Funds 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 Funds available under the Contract, including their annual expenses, may be found at the back of this document. See “APPENDIX A - FUNDS AVAILABLE UNDER THE CONTRACT.“
Annual Fund Expenses
Minimum
Maximum
Expenses that are deducted from Fund assets including management fees, 12b-1 fees, service fees, and other expenses.*
0.54%
1.38%
[1],[2],[3],[4],[5],[6],[7],[8],[9],[10],[11]
Transaction Expenses [Table Text Block]
Accumulator®
Accumulator®
PlusSM
Accumulator®
EliteSM
Accumulator®
SelectSM
Special Services Charges2
 
 
 
  • Express Mail Charge
$90
$90
$90
$90
  • Wire Transfer Charge
$35
$35
$35
$35
  • Duplicate Contract Charge
$35
$35
$35
$35
Deferred Sales Load, Footnotes [Text Block]
Withdrawal Charge (as a percentage of each contribution)1
Withdrawal Charge as a % of each contribution each year following receipt of the contribution
Contract Year
1
2
3
4
5
6
7
8
9+
10+
Accumulator®
7%
7%
6%
6%
5%
3%
1%
0%
0%
0%
Accumulator® PlusSM
8%
8%
7%
7%
6%
5%
4%
3%
2%
0%
Accumulator® EliteSM
8%
7%
6%
5%
0%
0%
0%
0%
0%
0%
Accumulator® SelectSM
None
Deducted upon surrender, annuitization under a non-life contingent annuity payout option, or a withdrawal of amounts in excess of the 10% free withdrawal amount, if applicable. The Withdrawal Charge percentage we use is determined by the number of years since receipt of the contribution to which the charge relates. For each contribution, we consider the Contract Year in which that contribution was received to be “year 1.” See “Charges and Fees – Withdrawal Charge” for additional information. 		[12]
Other Transaction Fee, Footnotes [Text Block] The Express Mail Charge is currently $20. The Wire Transfer Charge is currently waived. The Duplicate Contract Charge is currently waived. We may increase these charges up to the maximum shown and/or discontinue the waivers at any time, with or without notice.
Annual Contract Expenses [Table Text Block]
Annual Contract Expenses
Accumulator®
Accumulator®
PlusSM
Accumulator®
EliteSM
Accumulator®
SelectSM
Annual Administrative Charge1
$30
$30
$30
$30
Base Contract Expenses (as a percentage of daily net assets in the Subaccounts)
1.30%
1.55%
1.65%
1.70%
Optional Benefits Expenses2
 
 
 
GMDB charges (as a percentage of the benefit base)3
Annual Ratchet to Age 85
0.25%
0.25%
0.25%
0.25%
Greater of 6% Roll-up to Age 85 or Annual Ratchet to Age 85
0.95%4
0.95%4
0.95%4
0.95%4
GMIB charge (as a percentage of the benefit base)3,5
1.05%6
1.05%6
1.05%6
1.05%6
EEB charge (as a percentage of Account Value)5
0.35%
0.35%
0.35%
0.35%
GWBL benefit charge (as a percentage of the benefit base)
1.05%7,8
1.05%7,8
1.05%7,8
1.05%7,8
Net Loan Interest Charge (as a percentage of amounts held in the loan reserve account)9
2.00%
2.00%
2.00%
2.00%
Administrative Expense, Footnotes [Text Block] The Annual Administrative Charge is deducted from your Account Value on each Contract Date Anniversary. If the Contract is surrendered or annuitized or a death benefit is paid on any date other than the Contract Date Anniversary, we will deduct a pro rata portion of the administrative charge for that year. If your Account Value on a Contract Date Anniversary is $50,000 or more there is no charge. During the first two Contract Years this charge, if applicable, is equal to the lesser of $30 or 2% of your Account Value. Thereafter, the charge, if applicable, is $30 for each Contract Year.
Optional Benefit Expense, Footnotes [Text Block] Deducted annually on each Contract Date Anniversary for which the benefit is in effect. If the Contract is surrendered or annuitized or a death benefit is paid, or the benefit is terminated (if applicable) on any date other than the Contract Date Anniversary, we will deduct a pro rata portion of the charge for that year.The benefit base is not an Account Value or Cash Value. If you elected the GMIB and/or the GMDB when you purchased your EFLIC Contract, your initial benefit base was equal to your initial contributions to your EFLIC Contract. For Accumulator® PlusSM Contracts, your initial benefit base did not include the Credit. Subsequent adjustments to the applicable benefit base may result in a benefit base that is significantly different from your total contributions or Account Value. See “Death Benefit Options” in “DEATH BENEFITS” and “Guaranteed Minimum Income Benefit (“GMIB”)” and “Guaranteed Withdrawal Benefit for Life (“GWBL”)” in “OPTIONAL LIVING BENEFITS.”The current charge is 0.80%. We will increase this charge to 0.95% if you elect to reset the Roll-up Benefit Base. This benefit was only available if you elected the GMIB, and was not available in all states.If you elected the EEB and your GMIB then converts to the GWBL at age 85, the EEB will continue in force after conversion, although it may be adversely affected by withdrawals under the GWBL.The current charge is 0.80%. We will increase this charge to 1.05% if you elect to reset your Roll-up Benefit Base on any Contract Date Anniversary. See “Enhanced Death Benefit Charges” in “CHARGES AND FEES”. The charge was not increased for any reset prior to April 1, 2013, under the EFLIC Contract.The current charge is 0.80%. If your GWBL Benefit Base is increased by an Annual Ratchet, we will increase this charge to 1.05%. An Annual Ratchet occurs when your benefit base is increased to equal your Account Value on a Contract Date Anniversary. See “GWBL” in “OPTIONAL LIVING BENEFITS” for more information about this feature, including its benefit base and the Annual Ratchet provision, and “GWBL Charge” in “CHARGES AND FEES” for more information about this charge.If the GMIB increases before the conversion effective date at age 85, the GWBL benefit charge will equal the GMIB charge at the time of conversion, which could be as high as 1.05%.The net loan interest charge is the difference between the rate of interest we charge you for a loan and the rate of interest we credit on the amount in your loan reserve account. In no event will the net loan interest charge exceed 2.00%. See “Loans under Rollover 403(b) Contracts” in “OTHER BENEFITS” for more information on how the loan interest is calculated and for restrictions that may apply.
Annual Portfolio Company Expenses [Table Text Block]
Annual Fund Expenses
Minimum
Maximum
Expenses that are deducted from Fund assets including management fees, 12b-1 fees, service fees, and other expenses.*
0.54%
1.38%
Portfolio Company Expenses [Text Block] Expenses that are deducted from Fund assets including management fees, 12b-1 fees, service fees, and other expenses.
Portfolio Company Expenses Before Waivers and Reimbursement Minimum [Percent] 0.54%
Portfolio Company Expenses Before Waivers and Reimbursement Maximum [Percent] 1.38%
Portfolio Company Expenses, Footnotes [Text Block] These are the minimum and maximum Fund fees and expenses before any expense reimbursements or fee waiver arrangements. Please note that the Fund fees shown in APPENDIX A are after (net of) any expense reimbursements or fee waiver arrangements.
Surrender Example [Table Text Block]
If you surrender or annuitize your Contract under a non-life contingent annuity payout option at the end of the applicable time period1
1 year
3 years
5 years
10 years
Accumulator®
$12,163
$21,860
$32,076
$57,605
Accumulator® PlusSM
$13,412
$23,581
$34,320
$59,651
Accumulator® EliteSM
$13,512
$22,868
$28,689
$60,455
Accumulator® SelectSM
$5,562
$17,012
$28,918
$60,853
[13]
No Surrender Example [Table Text Block]
If you do not surrender or annuitize your Contract or you annuitize your Contract under a life contingent annuity payout option at the end of the applicable time period
1 year
3 years
5 years
10 years
Accumulator®
$5,163
$15,860
$27,076
$57,605
Accumulator® PlusSM
$5,412
$16,581
$28,230
$59,651
Accumulator® EliteSM
$5,512
$16,868
$28,689
$60,455
Accumulator® SelectSM
$5,562
$17,012
$28,918
$60,853
Item 5. Principal Risks [Line Items]  
Item 5. Principal Risks [Table Text Block]
PRINCIPAL RISKS OF INVESTING IN THE CONTRACT
The risks identified below are the principal risks of investing in the Contract. The Contract may be subject to additional risks other than those identified and described in this Prospectus.
Risk of Loss. All investments have risks to some degree and it is possible that you could lose money by investing in the Contract. An investment in the Contract is not a deposit with a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk of Poor Investment Performance. You should regularly evaluate the Contract’s long-term investment potential and risks. For amounts you allocate to the Subaccounts of the Separate Account:
•
Your values will fluctuate with the markets, interest rates and the performance of the underlying Funds;
•
You assume the risk that your values may decline or not perform to your expectations;
•
Each Fund has various investment risks, and some options are riskier than others;
•
There is no assurance that any of the Funds will achieve its stated investment objective;
•
The particular risks associated with each Fund are detailed in the Fund’s prospectus;
•
You should read each Fund’s prospectus and understand the risks associated with it before allocating Account Value to its corresponding Subaccount; and
•
If you request a full surrender or apply your entire Account Value to a non-life contingent annuity payout option, the applicable Withdrawal Charge percentage will be applied to the total amount of each contribution subject to a Withdrawal Charge, even if your Account Value is less than the sum of your contributions because of poor investment performance and/or fees and charges. The Withdrawal Charge assessed may be greater than the amount that would be assessed if the Withdrawal Charge percentage was applied only to the amount actually surrendered or annuitized.
For amounts you allocate to the Guaranteed Interest Option or Account for Special DCA:
•
Interest rates we declare will change over time to reflect then current market conditions; and
•
You assume the risk that interest rates for the specified periods in the future may be less than current interest rates for the same or similar periods.
You should monitor and periodically re-evaluate your allocations to determine if they are still appropriate given your financial goals, investment time horizon and risk tolerance.
The Contract is Not a Short-Term Investment. The Contract is not appropriate if you need ready access to cash because the Contract is designed to provide for the accumulation of retirement savings and income on a long-term basis. Withdrawal Charges may apply for up to eight years after each contribution. They will reduce the value of your Contract if you withdraw money from or surrender your Contract during that time. The benefits of tax deferral and the optional living benefit protections also mean the Contract is more beneficial to investors with a long-term investment time horizon.
Contract Benefit Risk. The availability of certain investment options is limited if guaranteed benefits are elected. We may limit or stop accepting contributions and transfers to the Subaccounts which means that you may no longer increase your Account Value and the benefit bases associated with your guaranteed benefits through contributions and transfers. Excess Withdrawals may terminate or significantly reduce the value of your optional benefits.
If you elected the Greater of 6% Roll-up to Age 85 or Annual Ratchet to Age 85 enhanced death benefit and you choose to invest in the investment options with a lower Roll-up rate, you will still be subject to the same charge for the benefit that you would be subject to if you invested exclusively in the investment options with a higher Roll-up rate despite receiving a lower Roll-up rate for your investment in the investment options with a lower Roll-up rate. See “Calculating Your Roll-up Benefit Base Following a Transfer” in  ”TRANSFERS AMONG YOUR INVESTMENT OPTIONS.”
Subaccount selection and withdrawals can impact and reduce the death benefits and living benefits available under the Contract See “BENEFITS AVAILABLE UNDER THE CONTRACT,” and for more details about each benefit, please see the corresponding section in this prospectus.
Insurance Company and Business Continuity Risk. All obligations, guarantees, and benefits of the Contract including those associated with the Guaranteed Interest Option, are subject to the financial strength and claims paying ability of the Company. If the Company experiences financial distress, it may not be able to meet its obligations to you. More information about the Company, including its financial strength, is available on request by writing to Customer Service at P.O. Box 9271, Des Moines, Iowa 50306-9271 or calling 1-800-366-0066.
All businesses are subject to potential business disruption because of, among other things, power outages, weather related events, natural disasters and public health and safety concerns, including those associated with pandemics. To help prepare for these types of events, the Company has adopted a comprehensive approach to planning for possible disruptions to its critical business operations that allows it to quickly react in the event of a crisis or other major event. This approach includes crisis management, business continuity, business impact, disaster recovery and crisis communication elements that are regularly monitored and tested so as to reduce the risk that our business operations are materially disrupted for a significant period of time.
Contract Changes Risk. We reserve the right to:
•
Close or remove subaccounts to future investment and to substitute Subaccounts that are currently available under the Contract. See “Addition, Deletion or Substitution of Subaccounts and Other Changes“ for more information;
•
Suspend electronic trading privileges for those that are found to have violated our Excessive Trading Policy. See “TRANSFERS AMONG YOUR INVESTMENT OPTIONS - Excessive Trading Policy” for more information; and
•
Increase current charges for certain living benefits, but not above the guaranteed maximum charges allowed. See “CHARGES AND FEES” and “OPTIONAL LIVING BENEFITS” for more information.
Cyber-Security Risks. Like others in our industry, we are subject to operational and information security risks resulting from “cyber-attacks,” “hacking” or similar illegal or unauthorized intrusions into computer systems and networks. These risks include, among other things, the theft, misuse, corruption, and destruction of data maintained online or digitally, denial of service attacks on websites, and other operational disruption and unauthorized release of confidential customer information. Although we seek to limit our vulnerability to such risks through technological and other means and we rely on industry standard commercial technologies to maintain the security of our information systems, it is not possible to anticipate or prevent all potential forms of cyber-attack or to guarantee our ability to fully defend against all such attacks. In addition, due to the sensitive nature of much of the financial and similar personal information we maintain, we may be at particular risk for targeting.
Cyber-attacks affecting us, any third-party administrator, the underlying Funds, intermediaries and other affiliated or third-party service providers may adversely affect us and your Contract value. For instance, cyber-attacks may interfere with our processing of Contract transactions, including the processing of orders from our website or with the underlying Funds, impact our ability to calculate Unit values, cause the release and possible destruction of confidential customer or business information, impede order processing, subject us and/or our service providers and intermediaries to regulatory fines and financial losses and/or cause reputational damage. Cyber security risks may also affect the issuers of securities in which the underlying Funds invest, which may cause the Funds underlying your Contract to lose value. There can be no assurance that we or the underlying Funds or our service providers will avoid losses affecting your Contract that result from cyber-attacks or information security breaches in the future.
Possible Adverse Tax Consequences. The tax considerations associated with the Contract vary and can be complicated. The applicable tax rules can differ, depending on the type of Contract you own – non-qualified, traditional IRA, Roth IRA or Qualified Contract. The tax consequences discussed in this Prospectus are general in nature and describe only federal income tax law (not state, local, foreign, or other federal tax laws). Moreover, the tax aspects that apply to a particular person’s Contract may vary depending on the facts applicable to that person. Tax rules may change without notice. We cannot predict whether, when, or how these rules could change. Any change could affect Contracts purchased before the change. Congress may also consider further proposals to comprehensively reform or overhaul the United States tax and retirement systems, which if enacted, could affect the tax benefits of a Contract. We cannot predict what, if any, legislation will actually be proposed or enacted. Before making contributions to your Contract or taking other action related to your Contract, you should consult with a tax professional to determine the tax implications of an investment in, and payments received under, the Contract.
Withdrawals are generally subject to income tax, and may be subject to an additional tax if taken before age 59½.
Accumulator® PlusSM Contracts. The fees and charges for Accumulator® PlusSM Contracts are higher than for other Accumulator® Contracts and the amount of the Credit may be more than offset by these higher fees and charges. Credits may be recaptured upon annuitization and death. Because the exact dollar amount of the Credits is recaptured in these circumstances, you will retain any gains or losses attributable to the investment experience of the recaptured Credits while they were allocated to your Contract. Withdrawals taken during the first EFLIC Contract Year may limit Credits for additional contributions. We may limit or stop accepting contributions, which means that you may no longer receive additional Credits but you will still be subject to the higher fees and charges for the Accumulator® PlusSM Contract. Additionally, except to the extent they increase your Account Value, Credits are not included when calculating any of your benefit bases under the optional benefits. See “Credits” in “THE ANNUITY CONTRACT“ for more information.
Item 10. Benefits Available [Line Items]  
Benefits Available (N-4) [Text Block]
BENEFITS AVAILABLE UNDER THE CONTRACTS
The following tables summarize important information about the benefits available under the Contract.
Death Benefits
The following death benefits are available during the accumulation phase:
Name of Benefit
Purpose
Standard/ Optional
Annual Fee
Brief Description of
Restrictions/ Limitations
Max
Current
Standard Death Benefit
Guarantees beneficiaries will receive a benefit at least equal to your contributions less adjusted withdrawals.
Standard
No Additional Charge
  • Benefit differs based on the Owner’s age on Contract Date.
  • Benefit terminates if the Owner received and accepted an offer to terminate an optional guaranteed death or income benefit.
  • Withdrawals could significantly reduce or terminate benefit.
Annual Ratchet to Age 85
A GMDB that provides a death benefit equal to the greater of (i) total contributions adjusted for withdrawals (including any associated Withdrawal Charges); and (ii) the highest Account Value on any Contract Date Anniversary up to the Contract Date Anniversary following the Owner’s 85th birthday (adjusted for withdrawals (including any associated Withdrawal Charges) plus any subsequent contributions).
Optional
0.25%of the benefit base
  • Not available for new elections.
  • Age restrictions applied.
  • Withdrawals could significantly reduce or terminate benefit.
  • Credits under Accumulator® PlusSM Contracts are excluded from the calculation of the benefit base except to the extent the benefit base reflects increases in Account Value.
Name of Benefit
Purpose
Standard/ Optional
Annual Fee
Brief Description of
Restrictions/ Limitations
Max
Current
Greater of 6% Roll-up to Age 85 or Annual Ratchet to Age 85
A GMDB that provides a death benefit equal to the greater of (i) the Annual Ratchet to Age 85 death benefit (described above); and (ii) total contributions adjusted for withdrawals (including any associated Withdrawal Charges) plus a roll-up amount that accrues daily.
Optional
0.95%of the benefit base
0.80%of the benefit base
  • Not available for new elections.
  • Age restrictions applied.
  • Withdrawals could significantly reduce or terminate benefit.
  • Only available with the GMIB.
  • Credits under Accumulator® PlusSM Contracts are excluded from the calculation of the benefit base except to the extent the benefit base reflects increases in Account Value.
Earnings Enhancement Benefit
Provides an additional death benefit equal to a percentage of the greater of (i) the Account Value less total net contributions; and (ii) the applicable death benefit less total net contributions.
Optional
0.35%of Account Value
  • Not available for new elections.
  • Benefit differs based on the Owner’s age on the Contract Date.
  • Withdrawals could significantly reduce or terminate benefit.
Return of Account Value
Provides a death benefit equal to your Account Value.
Optional
No Additional Charge
  • Available only to Owners who received and accepted an offer to terminate an optional guaranteed death or income benefit
  • If an offer is accepted, all other death benefits terminate, including the Standard Death Benefit.
Living Benefits
The following living benefits are available during the accumulation phase:
Name of Benefit
Purpose
Standard/Optional
Annual Fee
Brief Description of
Restrictions/ Limitations
Max
Current
Guaranteed Minimum Income Benefit (“GMIB”)
Guarantees a minimum amount of fixed income under a life annuity fixed payout option or a life with a period certain annuity payout option.
Optional
1.05%of the benefit base
0.80%of the benefit base
  • Not available for new elections.
  • Age restrictions applied.
  • Credits under Accumulator® PlusSM Contracts are excluded from the calculation of the benefit base except to the extent the benefit base reflects increases in Account Value.
Guaranteed Withdrawal Benefit for Life (“GWBL”)
Guarantees withdrawals up to a maximum amount per year to provide lifetime retirement income for the Owner.
Optional
1.05%of the benefit base
0.80%of the benefit base
  • Only available from conversion of GMIB on Contract Date. Anniversary following age 85
  • Excess Withdrawals could significantly reduce or terminate benefit.
  • Must elect within 30 days after the Contract Date Anniversary following age 85.
  • Subject to restrictions on investment options.
  • Credits under Accumulator® PlusSM Contracts are excluded from the calculation of the benefit base except to the extent the benefit base reflects increases in Account Value.
Other Benefits
These other benefits are available during the accumulation phase:
Name of Benefit
Purpose
Standard/Optional
Annual Fee
Brief Description of
Restrictions/Limitations
Max
Current
Dollar Cost Averaging
(General DCA, Account for Special DCA, Account for Special Money Market DCA, Fixed-Dollar DCA, and Interest Sweep DCA)
Allows you to gradually allocate amounts to available investment options by periodically transferring approximately the same dollar amount to the investment options you select.
Standard
No
Charge
  • Not generally available with Rebalancing.
  • Some DCA programs are restricted to certain Contract classes.
  • Account for Special DCA is not available if the GWBL is in effect.
Automatic Rebalancing (Option 1 allows rebalancing among the Subaccounts; Option 2 allows rebalancing among the Subaccounts and the Guaranteed Interest Option)
Allows you to periodically reallocate your Account Value among your investment options to maintain your desired investment mix.
Standard
No
Charge
  • Not generally available with DCA.
  • Subject to restrictions on investment options.
Automatic Withdrawals
(Automatic Payment Plans, Systematic Withdrawals, Substantially Equal Withdrawals, Dollar for Dollar Withdrawals, and Lifetime Required Minimum Distribution (“RMD”) Withdrawals)
Allow you to take withdrawals of a specific amount on a monthly, quarterly, semi-annual or annual basis.
Standard
No
Charge
  • Withdrawal Charges and income taxes, including a 10% additional tax before age 59½, may apply to amounts withdrawn.
  • Some automatic withdrawal programs are restricted to certain types of Qualified Contracts.
  • Automatic withdrawals may not be available with other optional benefits.
Loans
Allows you to take a loan from your Account Value.
Standard
2.00%of the loan
reserve account*
  • Only available under Rollover 403(b) Contracts with employer or plan approval.
  • Not available with automatic RMD service.
  • Subject to minimum and maximum restrictions.
  • Not permitted if the GWBL is in effect.
See “APPENDIX C – HYPOTHETICAL ILLUSTRATIONS” for examples that illustrate the changes in Account Value, Cash Value, and the values of the optional benefits for each Contract class.
 [14]
Benefits Available [Table Text Block]
Name of Benefit
Purpose
Standard/ Optional
Annual Fee
Brief Description of
Restrictions/ Limitations
Max
Current
Standard Death Benefit
Guarantees beneficiaries will receive a benefit at least equal to your contributions less adjusted withdrawals.
Standard
No Additional Charge
  • Benefit differs based on the Owner’s age on Contract Date.
  • Benefit terminates if the Owner received and accepted an offer to terminate an optional guaranteed death or income benefit.
  • Withdrawals could significantly reduce or terminate benefit.
Annual Ratchet to Age 85
A GMDB that provides a death benefit equal to the greater of (i) total contributions adjusted for withdrawals (including any associated Withdrawal Charges); and (ii) the highest Account Value on any Contract Date Anniversary up to the Contract Date Anniversary following the Owner’s 85th birthday (adjusted for withdrawals (including any associated Withdrawal Charges) plus any subsequent contributions).
Optional
0.25%of the benefit base
  • Not available for new elections.
  • Age restrictions applied.
  • Withdrawals could significantly reduce or terminate benefit.
  • Credits under Accumulator® PlusSM Contracts are excluded from the calculation of the benefit base except to the extent the benefit base reflects increases in Account Value.
Name of Benefit
Purpose
Standard/ Optional
Annual Fee
Brief Description of
Restrictions/ Limitations
Max
Current
Greater of 6% Roll-up to Age 85 or Annual Ratchet to Age 85
A GMDB that provides a death benefit equal to the greater of (i) the Annual Ratchet to Age 85 death benefit (described above); and (ii) total contributions adjusted for withdrawals (including any associated Withdrawal Charges) plus a roll-up amount that accrues daily.
Optional
0.95%of the benefit base
0.80%of the benefit base
  • Not available for new elections.
  • Age restrictions applied.
  • Withdrawals could significantly reduce or terminate benefit.
  • Only available with the GMIB.
  • Credits under Accumulator® PlusSM Contracts are excluded from the calculation of the benefit base except to the extent the benefit base reflects increases in Account Value.
Earnings Enhancement Benefit
Provides an additional death benefit equal to a percentage of the greater of (i) the Account Value less total net contributions; and (ii) the applicable death benefit less total net contributions.
Optional
0.35%of Account Value
  • Not available for new elections.
  • Benefit differs based on the Owner’s age on the Contract Date.
  • Withdrawals could significantly reduce or terminate benefit.
Return of Account Value
Provides a death benefit equal to your Account Value.
Optional
No Additional Charge
  • Available only to Owners who received and accepted an offer to terminate an optional guaranteed death or income benefit
  • If an offer is accepted, all other death benefits terminate, including the Standard Death Benefit.
Name of Benefit
Purpose
Standard/Optional
Annual Fee
Brief Description of
Restrictions/ Limitations
Max
Current
Guaranteed Minimum Income Benefit (“GMIB”)
Guarantees a minimum amount of fixed income under a life annuity fixed payout option or a life with a period certain annuity payout option.
Optional
1.05%of the benefit base
0.80%of the benefit base
  • Not available for new elections.
  • Age restrictions applied.
  • Credits under Accumulator® PlusSM Contracts are excluded from the calculation of the benefit base except to the extent the benefit base reflects increases in Account Value.
Guaranteed Withdrawal Benefit for Life (“GWBL”)
Guarantees withdrawals up to a maximum amount per year to provide lifetime retirement income for the Owner.
Optional
1.05%of the benefit base
0.80%of the benefit base
  • Only available from conversion of GMIB on Contract Date. Anniversary following age 85
  • Excess Withdrawals could significantly reduce or terminate benefit.
  • Must elect within 30 days after the Contract Date Anniversary following age 85.
  • Subject to restrictions on investment options.
  • Credits under Accumulator® PlusSM Contracts are excluded from the calculation of the benefit base except to the extent the benefit base reflects increases in Account Value.
Name of Benefit
Purpose
Standard/Optional
Annual Fee
Brief Description of
Restrictions/Limitations
Max
Current
Dollar Cost Averaging
(General DCA, Account for Special DCA, Account for Special Money Market DCA, Fixed-Dollar DCA, and Interest Sweep DCA)
Allows you to gradually allocate amounts to available investment options by periodically transferring approximately the same dollar amount to the investment options you select.
Standard
No
Charge
  • Not generally available with Rebalancing.
  • Some DCA programs are restricted to certain Contract classes.
  • Account for Special DCA is not available if the GWBL is in effect.
Automatic Rebalancing (Option 1 allows rebalancing among the Subaccounts; Option 2 allows rebalancing among the Subaccounts and the Guaranteed Interest Option)
Allows you to periodically reallocate your Account Value among your investment options to maintain your desired investment mix.
Standard
No
Charge
  • Not generally available with DCA.
  • Subject to restrictions on investment options.
Automatic Withdrawals
(Automatic Payment Plans, Systematic Withdrawals, Substantially Equal Withdrawals, Dollar for Dollar Withdrawals, and Lifetime Required Minimum Distribution (“RMD”) Withdrawals)
Allow you to take withdrawals of a specific amount on a monthly, quarterly, semi-annual or annual basis.
Standard
No
Charge
  • Withdrawal Charges and income taxes, including a 10% additional tax before age 59½, may apply to amounts withdrawn.
  • Some automatic withdrawal programs are restricted to certain types of Qualified Contracts.
  • Automatic withdrawals may not be available with other optional benefits.
Loans
Allows you to take a loan from your Account Value.
Standard
2.00%of the loan
reserve account*
  • Only available under Rollover 403(b) Contracts with employer or plan approval.
  • Not available with automatic RMD service.
  • Subject to minimum and maximum restrictions.
  • Not permitted if the GWBL is in effect.
Optional Benefit Expense, Footnotes [Text Block] Deducted annually on each Contract Date Anniversary for which the benefit is in effect. If the Contract is surrendered or annuitized or a death benefit is paid, or the benefit is terminated (if applicable) on any date other than the Contract Date Anniversary, we will deduct a pro rata portion of the charge for that year.The benefit base is not an Account Value or Cash Value. If you elected the GMIB and/or the GMDB when you purchased your EFLIC Contract, your initial benefit base was equal to your initial contributions to your EFLIC Contract. For Accumulator® PlusSM Contracts, your initial benefit base did not include the Credit. Subsequent adjustments to the applicable benefit base may result in a benefit base that is significantly different from your total contributions or Account Value. See “Death Benefit Options” in “DEATH BENEFITS” and “Guaranteed Minimum Income Benefit (“GMIB”)” and “Guaranteed Withdrawal Benefit for Life (“GWBL”)” in “OPTIONAL LIVING BENEFITS.”The current charge is 0.80%. We will increase this charge to 0.95% if you elect to reset the Roll-up Benefit Base. This benefit was only available if you elected the GMIB, and was not available in all states.If you elected the EEB and your GMIB then converts to the GWBL at age 85, the EEB will continue in force after conversion, although it may be adversely affected by withdrawals under the GWBL.The current charge is 0.80%. We will increase this charge to 1.05% if you elect to reset your Roll-up Benefit Base on any Contract Date Anniversary. See “Enhanced Death Benefit Charges” in “CHARGES AND FEES”. The charge was not increased for any reset prior to April 1, 2013, under the EFLIC Contract.The current charge is 0.80%. If your GWBL Benefit Base is increased by an Annual Ratchet, we will increase this charge to 1.05%. An Annual Ratchet occurs when your benefit base is increased to equal your Account Value on a Contract Date Anniversary. See “GWBL” in “OPTIONAL LIVING BENEFITS” for more information about this feature, including its benefit base and the Annual Ratchet provision, and “GWBL Charge” in “CHARGES AND FEES” for more information about this charge.If the GMIB increases before the conversion effective date at age 85, the GWBL benefit charge will equal the GMIB charge at the time of conversion, which could be as high as 1.05%.The net loan interest charge is the difference between the rate of interest we charge you for a loan and the rate of interest we credit on the amount in your loan reserve account. In no event will the net loan interest charge exceed 2.00%. See “Loans under Rollover 403(b) Contracts” in “OTHER BENEFITS” for more information on how the loan interest is calculated and for restrictions that may apply.
Item 17. Investment Options [Line Items]  
Investment Options (N-4) [Text Block]
APPENDIX A – FUNDS AVAILABLE UNDER THE CONTRACT
The following is a list of the Funds available through the Subaccounts under the Contract. More information about the Funds is available in the prospectuses for the Funds, which may be amended from time to time and can be found online at https://docs.venerable.com/#/landing?prod=92264H1831&doctype=spros.
You can also request this information at no cost by calling 1-800-366-0066 or by sending an email request to smb-usa-mailbox@venerable.com. If you elected certain guaranteed benefits, you may only invest in the Funds listed in the designated table at the end of this Appendix.
The current expenses and performance information below reflects fees and expenses of the Funds, but does 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 Fund’s past performance is not necessarily an indication of future performance.
Consult with your investment professional to determine if the Funds may be suited to your financial needs, investment time horizon and risk tolerance. You should periodically review these factors to determine if you need to change your investment strategy.
Open Funds
Subaccounts that invest in the following Funds are open to new premiums and transfers of Contract Value.
INVESTMENT OBJECTIVE
FUND NAME
INVESTMENT ADVISER/SUBADVISER
CURRENT EXPENSES
AVERAGE ANNUAL
TOTAL RETURNS
(AS OF 12/31/2025)
1 Year
5 Year
10 Year
Seeks to achieve capital appreciation.
1290 VT GAMCO Mergers & Acquisitions Portfolio
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Adviser: GAMCO Asset Management, Inc.
Class IB
1.29%1
15.91%
7.70%
5.38%
Seeks to maximize capital appreciation.
1290 VT GAMCO Small Company Value Portfolio
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Adviser: GAMCO Asset Management, Inc.
Class IB
1.05%
12.82%
11.24%
10.77%
Seeks to achieve long-term capital appreciation.
1290 VT SmartBeta Equity ESG Portfolio
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Adviser: AXA Investment Managers US Inc.
Class IB
1.10%
13.95%
10.21%
10.74%
INVESTMENT OBJECTIVE
FUND NAME
INVESTMENT ADVISER/SUBADVISER
CURRENT EXPENSES
AVERAGE ANNUAL
TOTAL RETURNS
(AS OF 12/31/2025)
1 Year
5 Year
10 Year
The Portfolio seeks to achieve long-term growth of capital with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
EQ/2000 Managed Volatility Portfolio2
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Advisers: AllianceBernstein L.P. and BlackRock Investment Management, LLC
Class IB
0.84%
9.32%
4.40%
8.33%
The Portfolio seeks to achieve long-term growth of capital with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
EQ/400 Managed Volatility Portfolio2
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Advisers: AllianceBernstein L.P. and BlackRock Investment Management, LLC
Class IB
0.85%1
3.31%
7.06%
9.21%
Seeks to achieve a balance of current income and capital appreciation, consistent with a prudent level of risk.
EQ/AB Short Duration Government Bond Portfolio2
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Adviser: AllianceBernstein L.P.
Class IB
0.77%1
4.17%
2.11%
1.56%
Seeks to achieve long-term growth of capital.
EQ/AB Small Cap Growth Portfolio
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Adviser: AllianceBernstein L.P.
Class IB
0.92%
9.21%
3.43%
10.10%
Seeks to achieve long-term capital appreciation.
EQ/Aggressive Allocation Portfolio2
Investment Adviser: Equitable Investment Management Group, LLC
Class IB
1.15%
12.97%
7.79%
9.47%
Seeks long-term capital appreciation and current income, with a greater emphasis on capital appreciation.
EQ/Aggressive Growth Strategy Portfolio
Investment Adviser: Equitable Investment Management Group, LLC
Class IB
1.01%
12.17%
7.61%
9.04%
Seeks long-term capital appreciation and current income.
EQ/Balanced Strategy Portfolio
Investment Adviser: Equitable Investment Management Group, LLC
Class IB
0.97%
10.05%
4.68%
6.08%
Seeks to achieve capital appreciation, which may occasionally be short-term, with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
EQ/ClearBridge Select Equity Managed Volatility Portfolio
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Advisers: ClearBridge Investments, LLC and BlackRock Investment Management, LLC
Class IB
1.06%1
7.66%
8.42%
12.21%
INVESTMENT OBJECTIVE
FUND NAME
INVESTMENT ADVISER/SUBADVISER
CURRENT EXPENSES
AVERAGE ANNUAL
TOTAL RETURNS
(AS OF 12/31/2025)
1 Year
5 Year
10 Year
Seeks to achieve a total return before expenses that approximates the total return performance of the Russell 3000® Index, including reinvestment of dividends, at a risk level consistent with that of the Russell 3000 Index.
EQ/Common Stock Index Portfolio2
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Adviser: AllianceBernstein L.P.
Class IB
0.67%1
16.28%
12.50%
13.55%
Seeks to achieve a high level of current income.
EQ/Conservative Allocation Portfolio2
Investment Adviser:Equitable Investment Management Group, LLC
Class IB
1.00%1
7.48%
1.74%
3.11%
Seeks to achieve current income and growth of capital, with a greater emphasis on current income.
EQ/Conservative-Plus Allocation Portfolio2
Investment Adviser: Equitable Investment Management Group, LLC
Class IB
1.09%
9.06%
3.38%
4.94%
Seeks to achieve a total return before expenses that approximates the total return performance of the Bloomberg U.S. Intermediate Government/Credit Bond Index (“Intermediate Government Credit Index”), including reinvestment of dividends, at a risk level consistent with that of the Intermediate Government Credit Index.
EQ/Core Bond Index Portfolio2
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Adviser: SSGA Funds Management, Inc.
Class IB
0.62%1
6.43%
0.35%
1.70%
Seeks to achieve a total return before expenses that approximates the total return performance of the Standard & Poor’s 500® Index (“S&P 500 Index”), including reinvestment of dividends, at a risk level consistent with that of the S&P 500 Index.
EQ/Equity 500 Index Portfolio2
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Adviser: AllianceBernstein L.P.
Class IB
0.53%1
17.23%
13.79%
14.15%
Seeks to achieve long-term total return with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
EQ/Franklin Small Cap Value Managed Volatility Portfolio2
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Advisers: Franklin Mutual Advisers, LLC and BlackRock Investment Management, LLC
Class IB
1.05%1
7.06%
6.11%
8.71%
INVESTMENT OBJECTIVE
FUND NAME
INVESTMENT ADVISER/SUBADVISER
CURRENT EXPENSES
AVERAGE ANNUAL
TOTAL RETURNS
(AS OF 12/31/2025)
1 Year
5 Year
10 Year
Seeks to achieve long-term capital appreciation with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
EQ/Global Equity Managed Volatility Portfolio
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Advisers: Morgan Stanley Investment Management Inc., Invesco Advisers, Inc., and BlackRock Investment Management, LLC.
Class IB
1.08%1
19.14%
8.33%
9.47%
Seeks to achieve a total return before expenses that approximates the total return performance of the Bloomberg U.S. Intermediate Government Bond Index (“Intermediate Government Bond Index”), including reinvestment of dividends, at a risk level consistent with that of the Intermediate Government Bond Index.
EQ/Intermediate Government Bond Portfolio2
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Adviser: SSGA Funds Management, Inc.
Class IB
0.62%1
5.54%
0.30%
1.15%
Seeks to achieve long-term growth of capital with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
EQ/International Core Managed Volatility Portfolio2
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Advisers: Federated Global Investment Management Corp., Massachusetts Financial Services Company d/b/a MFS Investment Management, EARNEST Partners, LLC, and BlackRock Investment Management, LLC
Class IB
1.06%
26.12%
7.52%
7.48%
Seeks to achieve a total return (before expenses) that approximates the total return performance of the MSCI EAFE Index.
EQ/International Equity Index Portfolio
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Adviser: AllianceBernstein L.P.
Class IB
0.72%1
31.46%
9.91%
8.07%
Seeks to provide current income and long-term growth of income, accompanied by growth of capital with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
EQ/International Value Managed Volatility Portfolio
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Advisers: Harris Associates L.P. and BlackRock Investment Management, LLC
Class IB
1.04%
26.66%
7.75%
6.77%
INVESTMENT OBJECTIVE
FUND NAME
INVESTMENT ADVISER/SUBADVISER
CURRENT EXPENSES
AVERAGE ANNUAL
TOTAL RETURNS
(AS OF 12/31/2025)
1 Year
5 Year
10 Year
Seeks to achieve capital growth.
EQ/Janus Enterprise Portfolio
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Adviser: Janus Henderson Investors US LLC
Class IB
1.04%
8.05%
7.06%
10.61%
Seeks to achieve long-term growth of capital with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
EQ/Large Cap Core Managed Volatility Portfolio2
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Advisers: Capital International, Inc., GQG Partners LLC, Vaughan Nelson Investment Management, and BlackRock Investment Management, LLC
Class IB
0.88%
10.88%
12.03%
12.83%
Seeks to achieve a total return before expenses that approximates the total return performance of the Russell 1000® Growth Index, including reinvestment of dividends at a risk level consistent with the Russell 1000® Growth Index.
EQ/Large Cap Growth Index Portfolio2
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Adviser: AllianceBernstein L.P.
Class IB
0.71%
17.74%
14.51%
17.26%
Seeks to provide long-term capital growth with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
EQ/Large Cap Growth Managed Volatility Portfolio2
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Advisers: Loomis, Sayles & Company, L.P., J.P. Morgan Investment Management Inc., Polen Capital Management, LLC, and BlackRock Investment Management, LLC
Class IB
0.87%
11.06%
11.64%
15.01%
Seeks to achieve a total return before expenses that approximates the total return performance of the Russell 1000® Value Index, including reinvestment of dividends, at a risk level consistent with that of the Russell 1000® Value Index.
EQ/Large Cap Value Index Portfolio2
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Adviser: AllianceBernstein L.P.
Class IB
0.74%
15.04%
10.52%
9.77%
INVESTMENT OBJECTIVE
FUND NAME
INVESTMENT ADVISER/SUBADVISER
CURRENT EXPENSES
AVERAGE ANNUAL
TOTAL RETURNS
(AS OF 12/31/2025)
1 Year
5 Year
10 Year
Seeks to achieve long-term growth of capital with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
EQ/Large Cap Value Managed Volatility Portfolio2
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Advisers: AllianceBernstein L.P., Aristotle Capital Management, LLC, and Massachusetts Financial Services Company d/b/a MFS Investment Management
Class IB
0.86%
10.62%
9.69%
9.56%
Seeks to achieve a total return before expenses that approximates the total return performance of the Standard & Poor’s MidCap 400® Index (“S&P MidCap 400 Index”), including reinvestment of dividends, at a risk level consistent with that of the S&P MidCap 400 Index.
EQ/Mid Cap Index Portfolio2
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Adviser: AllianceBernstein L.P.
Class IB
0.64%1
6.80%
8.42%
9.99%
Seeks to achieve long-term capital appreciation with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
EQ/Mid Cap Value Managed Volatility Portfolio2
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Advisers: Diamond Hill Capital Management, Inc., Wellington Management Company LLP, and BlackRock Investment Management, LLC
Class IB
0.97%
4.98%
7.62%
8.20%
Seeks to achieve long-term capital appreciation and current income.
EQ/Moderate Allocation Portfolio2
Investment Adviser:Equitable Investment Management Group, LLC
Class IB
1.08%
10.25%
4.14%
5.78%
Seeks to achieve long-term capital appreciation and current income, with a greater emphasis on capital appreciation.
EQ/Moderate-Plus Allocation Portfolio2
Investment Adviser: Equitable Investment Management Group, LLC
Class IB
1.11%
11.50%
5.88%
7.67%
Seeks to obtain a high level of current income, preserve its assets and maintain liquidity.
EQ/Money Market Portfolio2
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Adviser: Dreyfus, a division of Mellon Investment Corporation
Class IB
0.67%
3.66%
2.79%
1.73%
INVESTMENT OBJECTIVE
FUND NAME
INVESTMENT ADVISER/SUBADVISER
CURRENT EXPENSES
AVERAGE ANNUAL
TOTAL RETURNS
(AS OF 12/31/2025)
1 Year
5 Year
10 Year
Seeks to achieve high current income consistent with moderate risk to capital.
EQ/Quality Bond PLUS Portfolio2
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Advisers: AllianceBernstein L.P. and Pacific Investment Management Company LLC
Class IB
0.82%
6.32%
-0.19%
1.31%
Seeks to replicate as closely as possible (before expenses) the total return of the Russell 2000® Index (“Russell 2000”).
EQ/Small Company Index Portfolio2
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Adviser: AllianceBernstein L.P.
Class IB
0.63%
12.57%
6.16%
9.44%
Seeks to achieve long-term growth of capital.
Multimanager Technology Portfolio
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Advisers: AllianceBernstein L.P., FIAM LLC, and Wellington Management Company LLP
Class IB
1.23%1
25.87%
12.46%
19.41%
[15]
Variable Option [Line Items]  
Prospectuses Available [Text Block] The following is a list of the Funds available through the Subaccounts under the Contract. More information about the Funds is available in the prospectuses for the Funds, which may be amended from time to time and can be found online at You can also request this information at no cost by calling 1-800-366-0066 or by sending an email request to smb-usa-mailbox@venerable.com. If you elected certain guaranteed benefits, you may only invest in the Funds listed in the designated table at the end of this Appendix.The current expenses and performance information below reflects fees and expenses of the Funds, but does 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 Fund’s past performance is not necessarily an indication of future performance.Consult with your investment professional to determine if the Funds may be suited to your financial needs, investment time horizon and risk tolerance. You should periodically review these factors to determine if you need to change your investment strategy.
Portfolio Companies [Table Text Block]
INVESTMENT OBJECTIVE
FUND NAME
INVESTMENT ADVISER/SUBADVISER
CURRENT EXPENSES
AVERAGE ANNUAL
TOTAL RETURNS
(AS OF 12/31/2025)
1 Year
5 Year
10 Year
Seeks to achieve capital appreciation.
1290 VT GAMCO Mergers & Acquisitions Portfolio
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Adviser: GAMCO Asset Management, Inc.
Class IB
1.29%1
15.91%
7.70%
5.38%
Seeks to maximize capital appreciation.
1290 VT GAMCO Small Company Value Portfolio
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Adviser: GAMCO Asset Management, Inc.
Class IB
1.05%
12.82%
11.24%
10.77%
Seeks to achieve long-term capital appreciation.
1290 VT SmartBeta Equity ESG Portfolio
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Adviser: AXA Investment Managers US Inc.
Class IB
1.10%
13.95%
10.21%
10.74%
INVESTMENT OBJECTIVE
FUND NAME
INVESTMENT ADVISER/SUBADVISER
CURRENT EXPENSES
AVERAGE ANNUAL
TOTAL RETURNS
(AS OF 12/31/2025)
1 Year
5 Year
10 Year
The Portfolio seeks to achieve long-term growth of capital with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
EQ/2000 Managed Volatility Portfolio2
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Advisers: AllianceBernstein L.P. and BlackRock Investment Management, LLC
Class IB
0.84%
9.32%
4.40%
8.33%
The Portfolio seeks to achieve long-term growth of capital with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
EQ/400 Managed Volatility Portfolio2
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Advisers: AllianceBernstein L.P. and BlackRock Investment Management, LLC
Class IB
0.85%1
3.31%
7.06%
9.21%
Seeks to achieve a balance of current income and capital appreciation, consistent with a prudent level of risk.
EQ/AB Short Duration Government Bond Portfolio2
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Adviser: AllianceBernstein L.P.
Class IB
0.77%1
4.17%
2.11%
1.56%
Seeks to achieve long-term growth of capital.
EQ/AB Small Cap Growth Portfolio
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Adviser: AllianceBernstein L.P.
Class IB
0.92%
9.21%
3.43%
10.10%
Seeks to achieve long-term capital appreciation.
EQ/Aggressive Allocation Portfolio2
Investment Adviser: Equitable Investment Management Group, LLC
Class IB
1.15%
12.97%
7.79%
9.47%
Seeks long-term capital appreciation and current income, with a greater emphasis on capital appreciation.
EQ/Aggressive Growth Strategy Portfolio
Investment Adviser: Equitable Investment Management Group, LLC
Class IB
1.01%
12.17%
7.61%
9.04%
Seeks long-term capital appreciation and current income.
EQ/Balanced Strategy Portfolio
Investment Adviser: Equitable Investment Management Group, LLC
Class IB
0.97%
10.05%
4.68%
6.08%
Seeks to achieve capital appreciation, which may occasionally be short-term, with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
EQ/ClearBridge Select Equity Managed Volatility Portfolio
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Advisers: ClearBridge Investments, LLC and BlackRock Investment Management, LLC
Class IB
1.06%1
7.66%
8.42%
12.21%
INVESTMENT OBJECTIVE
FUND NAME
INVESTMENT ADVISER/SUBADVISER
CURRENT EXPENSES
AVERAGE ANNUAL
TOTAL RETURNS
(AS OF 12/31/2025)
1 Year
5 Year
10 Year
Seeks to achieve a total return before expenses that approximates the total return performance of the Russell 3000® Index, including reinvestment of dividends, at a risk level consistent with that of the Russell 3000 Index.
EQ/Common Stock Index Portfolio2
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Adviser: AllianceBernstein L.P.
Class IB
0.67%1
16.28%
12.50%
13.55%
Seeks to achieve a high level of current income.
EQ/Conservative Allocation Portfolio2
Investment Adviser:Equitable Investment Management Group, LLC
Class IB
1.00%1
7.48%
1.74%
3.11%
Seeks to achieve current income and growth of capital, with a greater emphasis on current income.
EQ/Conservative-Plus Allocation Portfolio2
Investment Adviser: Equitable Investment Management Group, LLC
Class IB
1.09%
9.06%
3.38%
4.94%
Seeks to achieve a total return before expenses that approximates the total return performance of the Bloomberg U.S. Intermediate Government/Credit Bond Index (“Intermediate Government Credit Index”), including reinvestment of dividends, at a risk level consistent with that of the Intermediate Government Credit Index.
EQ/Core Bond Index Portfolio2
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Adviser: SSGA Funds Management, Inc.
Class IB
0.62%1
6.43%
0.35%
1.70%
Seeks to achieve a total return before expenses that approximates the total return performance of the Standard & Poor’s 500® Index (“S&P 500 Index”), including reinvestment of dividends, at a risk level consistent with that of the S&P 500 Index.
EQ/Equity 500 Index Portfolio2
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Adviser: AllianceBernstein L.P.
Class IB
0.53%1
17.23%
13.79%
14.15%
Seeks to achieve long-term total return with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
EQ/Franklin Small Cap Value Managed Volatility Portfolio2
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Advisers: Franklin Mutual Advisers, LLC and BlackRock Investment Management, LLC
Class IB
1.05%1
7.06%
6.11%
8.71%
INVESTMENT OBJECTIVE
FUND NAME
INVESTMENT ADVISER/SUBADVISER
CURRENT EXPENSES
AVERAGE ANNUAL
TOTAL RETURNS
(AS OF 12/31/2025)
1 Year
5 Year
10 Year
Seeks to achieve long-term capital appreciation with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
EQ/Global Equity Managed Volatility Portfolio
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Advisers: Morgan Stanley Investment Management Inc., Invesco Advisers, Inc., and BlackRock Investment Management, LLC.
Class IB
1.08%1
19.14%
8.33%
9.47%
Seeks to achieve a total return before expenses that approximates the total return performance of the Bloomberg U.S. Intermediate Government Bond Index (“Intermediate Government Bond Index”), including reinvestment of dividends, at a risk level consistent with that of the Intermediate Government Bond Index.
EQ/Intermediate Government Bond Portfolio2
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Adviser: SSGA Funds Management, Inc.
Class IB
0.62%1
5.54%
0.30%
1.15%
Seeks to achieve long-term growth of capital with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
EQ/International Core Managed Volatility Portfolio2
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Advisers: Federated Global Investment Management Corp., Massachusetts Financial Services Company d/b/a MFS Investment Management, EARNEST Partners, LLC, and BlackRock Investment Management, LLC
Class IB
1.06%
26.12%
7.52%
7.48%
Seeks to achieve a total return (before expenses) that approximates the total return performance of the MSCI EAFE Index.
EQ/International Equity Index Portfolio
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Adviser: AllianceBernstein L.P.
Class IB
0.72%1
31.46%
9.91%
8.07%
Seeks to provide current income and long-term growth of income, accompanied by growth of capital with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
EQ/International Value Managed Volatility Portfolio
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Advisers: Harris Associates L.P. and BlackRock Investment Management, LLC
Class IB
1.04%
26.66%
7.75%
6.77%
INVESTMENT OBJECTIVE
FUND NAME
INVESTMENT ADVISER/SUBADVISER
CURRENT EXPENSES
AVERAGE ANNUAL
TOTAL RETURNS
(AS OF 12/31/2025)
1 Year
5 Year
10 Year
Seeks to achieve capital growth.
EQ/Janus Enterprise Portfolio
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Adviser: Janus Henderson Investors US LLC
Class IB
1.04%
8.05%
7.06%
10.61%
Seeks to achieve long-term growth of capital with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
EQ/Large Cap Core Managed Volatility Portfolio2
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Advisers: Capital International, Inc., GQG Partners LLC, Vaughan Nelson Investment Management, and BlackRock Investment Management, LLC
Class IB
0.88%
10.88%
12.03%
12.83%
Seeks to achieve a total return before expenses that approximates the total return performance of the Russell 1000® Growth Index, including reinvestment of dividends at a risk level consistent with the Russell 1000® Growth Index.
EQ/Large Cap Growth Index Portfolio2
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Adviser: AllianceBernstein L.P.
Class IB
0.71%
17.74%
14.51%
17.26%
Seeks to provide long-term capital growth with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
EQ/Large Cap Growth Managed Volatility Portfolio2
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Advisers: Loomis, Sayles & Company, L.P., J.P. Morgan Investment Management Inc., Polen Capital Management, LLC, and BlackRock Investment Management, LLC
Class IB
0.87%
11.06%
11.64%
15.01%
Seeks to achieve a total return before expenses that approximates the total return performance of the Russell 1000® Value Index, including reinvestment of dividends, at a risk level consistent with that of the Russell 1000® Value Index.
EQ/Large Cap Value Index Portfolio2
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Adviser: AllianceBernstein L.P.
Class IB
0.74%
15.04%
10.52%
9.77%
INVESTMENT OBJECTIVE
FUND NAME
INVESTMENT ADVISER/SUBADVISER
CURRENT EXPENSES
AVERAGE ANNUAL
TOTAL RETURNS
(AS OF 12/31/2025)
1 Year
5 Year
10 Year
Seeks to achieve long-term growth of capital with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
EQ/Large Cap Value Managed Volatility Portfolio2
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Advisers: AllianceBernstein L.P., Aristotle Capital Management, LLC, and Massachusetts Financial Services Company d/b/a MFS Investment Management
Class IB
0.86%
10.62%
9.69%
9.56%
Seeks to achieve a total return before expenses that approximates the total return performance of the Standard & Poor’s MidCap 400® Index (“S&P MidCap 400 Index”), including reinvestment of dividends, at a risk level consistent with that of the S&P MidCap 400 Index.
EQ/Mid Cap Index Portfolio2
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Adviser: AllianceBernstein L.P.
Class IB
0.64%1
6.80%
8.42%
9.99%
Seeks to achieve long-term capital appreciation with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
EQ/Mid Cap Value Managed Volatility Portfolio2
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Advisers: Diamond Hill Capital Management, Inc., Wellington Management Company LLP, and BlackRock Investment Management, LLC
Class IB
0.97%
4.98%
7.62%
8.20%
Seeks to achieve long-term capital appreciation and current income.
EQ/Moderate Allocation Portfolio2
Investment Adviser:Equitable Investment Management Group, LLC
Class IB
1.08%
10.25%
4.14%
5.78%
Seeks to achieve long-term capital appreciation and current income, with a greater emphasis on capital appreciation.
EQ/Moderate-Plus Allocation Portfolio2
Investment Adviser: Equitable Investment Management Group, LLC
Class IB
1.11%
11.50%
5.88%
7.67%
Seeks to obtain a high level of current income, preserve its assets and maintain liquidity.
EQ/Money Market Portfolio2
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Adviser: Dreyfus, a division of Mellon Investment Corporation
Class IB
0.67%
3.66%
2.79%
1.73%
INVESTMENT OBJECTIVE
FUND NAME
INVESTMENT ADVISER/SUBADVISER
CURRENT EXPENSES
AVERAGE ANNUAL
TOTAL RETURNS
(AS OF 12/31/2025)
1 Year
5 Year
10 Year
Seeks to achieve high current income consistent with moderate risk to capital.
EQ/Quality Bond PLUS Portfolio2
Investment Adviser: Equitable Investment Management Group, LLC
Sub-Advisers: AllianceBernstein L.P. and Pacific Investment Management Company LLC
Class IB
0.82%
6.32%
-0.19%
1.31%
Seeks to replicate as closely as possible (before expenses) the total return of the Russell 2000® Index (“Russell 2000”).
EQ/Small Company Index Portfolio2
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Adviser: AllianceBernstein L.P.
Class IB
0.63%
12.57%
6.16%
9.44%
Seeks to achieve long-term growth of capital.
Multimanager Technology Portfolio
Investment Adviser:Equitable Investment Management Group, LLC
Sub-Advisers: AllianceBernstein L.P., FIAM LLC, and Wellington Management Company LLP
Class IB
1.23%1
25.87%
12.46%
19.41%
[16]
1290 VT GAMCO Mergers & Acquisitions Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to achieve capital appreciation.
Portfolio Company Name [Text Block] 1290 VT GAMCO Mergers & Acquisitions Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] GAMCO Asset Management, Inc.
Current Expenses [Percent] 1.29%
Average Annual Total Returns, 1 Year [Percent] 15.91%
Average Annual Total Returns, 5 Years [Percent] 7.70%
Average Annual Total Returns, 10 Years [Percent] 5.38%
1290 VT GAMCO Small Company Value Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to maximize capital appreciation.
Portfolio Company Name [Text Block] 1290 VT GAMCO Small Company Value Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] GAMCO Asset Management, Inc.
Current Expenses [Percent] 1.05%
Average Annual Total Returns, 1 Year [Percent] 12.82%
Average Annual Total Returns, 5 Years [Percent] 11.24%
Average Annual Total Returns, 10 Years [Percent] 10.77%
1290 VT SmartBeta Equity ESG Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to achieve long-term capital appreciation.
Portfolio Company Name [Text Block] 1290 VT SmartBeta Equity ESG Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] AXA Investment Managers US Inc.
Current Expenses [Percent] 1.10%
Average Annual Total Returns, 1 Year [Percent] 13.95%
Average Annual Total Returns, 5 Years [Percent] 10.21%
Average Annual Total Returns, 10 Years [Percent] 10.74%
EQ/2000 Managed Volatility Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] The Portfolio seeks to achieve long-term growth of capital with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
Portfolio Company Name [Text Block] EQ/2000 Managed Volatility Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] AllianceBernstein L.P. and BlackRock Investment Management, LLC
Current Expenses [Percent] 0.84%
Average Annual Total Returns, 1 Year [Percent] 9.32%
Average Annual Total Returns, 5 Years [Percent] 4.40%
Average Annual Total Returns, 10 Years [Percent] 8.33%
EQ/400 Managed Volatility Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] The Portfolio seeks to achieve long-term growth of capital with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
Portfolio Company Name [Text Block] EQ/400 Managed Volatility Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] AllianceBernstein L.P. and BlackRock Investment Management, LLC
Current Expenses [Percent] 0.85%
Average Annual Total Returns, 1 Year [Percent] 3.31%
Average Annual Total Returns, 5 Years [Percent] 7.06%
Average Annual Total Returns, 10 Years [Percent] 9.21%
EQ/AB Short Duration Government Bond Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to achieve a balance of current income and capital appreciation, consistent with a prudent level of risk.
Portfolio Company Name [Text Block] EQ/AB Short Duration Government Bond Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] AllianceBernstein L.P.
Current Expenses [Percent] 0.77%
Average Annual Total Returns, 1 Year [Percent] 4.17%
Average Annual Total Returns, 5 Years [Percent] 2.11%
Average Annual Total Returns, 10 Years [Percent] 1.56%
EQ/AB Small Cap Growth Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to achieve long-term growth of capital.
Portfolio Company Name [Text Block] EQ/AB Small Cap Growth Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] AllianceBernstein L.P.
Current Expenses [Percent] 0.92%
Average Annual Total Returns, 1 Year [Percent] 9.21%
Average Annual Total Returns, 5 Years [Percent] 3.43%
Average Annual Total Returns, 10 Years [Percent] 10.10%
EQ/Aggressive Allocation Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to achieve long-term capital appreciation.
Portfolio Company Name [Text Block] EQ/Aggressive Allocation Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Current Expenses [Percent] 1.15%
Average Annual Total Returns, 1 Year [Percent] 12.97%
Average Annual Total Returns, 5 Years [Percent] 7.79%
Average Annual Total Returns, 10 Years [Percent] 9.47%
EQ/Aggressive Growth Strategy Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks long-term capital appreciation and current income, with a greater emphasis on capital appreciation.
Portfolio Company Name [Text Block] EQ/Aggressive Growth Strategy Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Current Expenses [Percent] 1.01%
Average Annual Total Returns, 1 Year [Percent] 12.17%
Average Annual Total Returns, 5 Years [Percent] 7.61%
Average Annual Total Returns, 10 Years [Percent] 9.04%
EQ/Balanced Strategy Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks long-term capital appreciation and current income.
Portfolio Company Name [Text Block] EQ/Balanced Strategy Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Current Expenses [Percent] 0.97%
Average Annual Total Returns, 1 Year [Percent] 10.05%
Average Annual Total Returns, 5 Years [Percent] 4.68%
Average Annual Total Returns, 10 Years [Percent] 6.08%
EQ/ClearBridge Select Equity Managed Volatility Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to achieve capital appreciation, which may occasionally be short-term, with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
Portfolio Company Name [Text Block] EQ/ClearBridge Select Equity Managed Volatility Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] ClearBridge Investments, LLC and BlackRock Investment Management, LLC
Current Expenses [Percent] 1.06%
Average Annual Total Returns, 1 Year [Percent] 7.66%
Average Annual Total Returns, 5 Years [Percent] 8.42%
Average Annual Total Returns, 10 Years [Percent] 12.21%
EQ/Common Stock Index Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to achieve a total return before expenses that approximates the total return performance of the Russell 3000® Index, including reinvestment of dividends, at a risk level consistent with that of the Russell 3000 Index.
Portfolio Company Name [Text Block] EQ/Common Stock Index Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] AllianceBernstein L.P.
Current Expenses [Percent] 0.67%
Average Annual Total Returns, 1 Year [Percent] 16.28%
Average Annual Total Returns, 5 Years [Percent] 12.50%
Average Annual Total Returns, 10 Years [Percent] 13.55%
EQ/Conservative Allocation Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to achieve a high level of current income.
Portfolio Company Name [Text Block] EQ/Conservative Allocation Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Current Expenses [Percent] 1.00%
Average Annual Total Returns, 1 Year [Percent] 7.48%
Average Annual Total Returns, 5 Years [Percent] 1.74%
Average Annual Total Returns, 10 Years [Percent] 3.11%
EQ/Conservative-Plus Allocation Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to achieve current income and growth of capital, with a greater emphasis on current income.
Portfolio Company Name [Text Block] EQ/Conservative-Plus Allocation Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Current Expenses [Percent] 1.09%
Average Annual Total Returns, 1 Year [Percent] 9.06%
Average Annual Total Returns, 5 Years [Percent] 3.38%
Average Annual Total Returns, 10 Years [Percent] 4.94%
EQ/Core Bond Index Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to achieve a total return before expenses that approximates the total return performance of the Bloomberg U.S. Intermediate Government/Credit Bond Index (“Intermediate Government Credit Index”), including reinvestment of dividends, at a risk level consistent with that of the Intermediate Government Credit Index.
Portfolio Company Name [Text Block] EQ/Core Bond Index Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] SSGA Funds Management, Inc.
Current Expenses [Percent] 0.62%
Average Annual Total Returns, 1 Year [Percent] 6.43%
Average Annual Total Returns, 5 Years [Percent] 0.35%
Average Annual Total Returns, 10 Years [Percent] 1.70%
EQ/Equity 500 Index Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to achieve a total return before expenses that approximates the total return performance of the Standard & Poor’s 500® Index (“S&P 500 Index”), including reinvestment of dividends, at a risk level consistent with that of the S&P 500 Index.
Portfolio Company Name [Text Block] EQ/Equity 500 Index Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] AllianceBernstein L.P.
Current Expenses [Percent] 0.53%
Average Annual Total Returns, 1 Year [Percent] 17.23%
Average Annual Total Returns, 5 Years [Percent] 13.79%
Average Annual Total Returns, 10 Years [Percent] 14.15%
EQ/Franklin Small Cap Value Managed Volatility Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to achieve long-term total return with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
Portfolio Company Name [Text Block] EQ/Franklin Small Cap Value Managed Volatility Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] Franklin Mutual Advisers, LLC and BlackRock Investment Management, LLC
Current Expenses [Percent] 1.05%
Average Annual Total Returns, 1 Year [Percent] 7.06%
Average Annual Total Returns, 5 Years [Percent] 6.11%
Average Annual Total Returns, 10 Years [Percent] 8.71%
EQ/Global Equity Managed Volatility Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to achieve long-term capital appreciation with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
Portfolio Company Name [Text Block] EQ/Global Equity Managed Volatility Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] Morgan Stanley Investment Management Inc., Invesco Advisers, Inc., and BlackRock Investment Management, LLC.
Current Expenses [Percent] 1.08%
Average Annual Total Returns, 1 Year [Percent] 19.14%
Average Annual Total Returns, 5 Years [Percent] 8.33%
Average Annual Total Returns, 10 Years [Percent] 9.47%
EQ/Intermediate Government Bond Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to achieve a total return before expenses that approximates the total return performance of the Bloomberg U.S. Intermediate Government Bond Index (“Intermediate Government Bond Index”), including reinvestment of dividends, at a risk level consistent with that of the Intermediate Government Bond Index.
Portfolio Company Name [Text Block] EQ/Intermediate Government Bond Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] SSGA Funds Management, Inc.
Current Expenses [Percent] 0.62%
Average Annual Total Returns, 1 Year [Percent] 5.54%
Average Annual Total Returns, 5 Years [Percent] 0.30%
Average Annual Total Returns, 10 Years [Percent] 1.15%
EQ/International Core Managed Volatility Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to achieve long-term growth of capital with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
Portfolio Company Name [Text Block] EQ/International Core Managed Volatility Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] Federated Global Investment Management Corp., Massachusetts Financial Services Company d/b/a MFS Investment Management, EARNEST Partners, LLC, and BlackRock Investment Management, LLC
Current Expenses [Percent] 1.06%
Average Annual Total Returns, 1 Year [Percent] 26.12%
Average Annual Total Returns, 5 Years [Percent] 7.52%
Average Annual Total Returns, 10 Years [Percent] 7.48%
EQ/International Equity Index Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to achieve a total return (before expenses) that approximates the total return performance of the MSCI EAFE Index.
Portfolio Company Name [Text Block] EQ/International Equity Index Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] AllianceBernstein L.P.
Current Expenses [Percent] 0.72%
Average Annual Total Returns, 1 Year [Percent] 31.46%
Average Annual Total Returns, 5 Years [Percent] 9.91%
Average Annual Total Returns, 10 Years [Percent] 8.07%
EQ/International Value Managed Volatility Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to provide current income and long-term growth of income, accompanied by growth of capital with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
Portfolio Company Name [Text Block] EQ/International Value Managed Volatility Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] Harris Associates L.P. and BlackRock Investment Management, LLC
Current Expenses [Percent] 1.04%
Average Annual Total Returns, 1 Year [Percent] 26.66%
Average Annual Total Returns, 5 Years [Percent] 7.75%
Average Annual Total Returns, 10 Years [Percent] 6.77%
EQ/Janus Enterprise Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to achieve capital growth.
Portfolio Company Name [Text Block] EQ/Janus Enterprise Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] Janus Henderson Investors US LLC
Current Expenses [Percent] 1.04%
Average Annual Total Returns, 1 Year [Percent] 8.05%
Average Annual Total Returns, 5 Years [Percent] 7.06%
Average Annual Total Returns, 10 Years [Percent] 10.61%
EQ/Large Cap Core Managed Volatility Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to achieve long-term growth of capital with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
Portfolio Company Name [Text Block] EQ/Large Cap Core Managed Volatility Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] Capital International, Inc., GQG Partners LLC, Vaughan Nelson Investment Management, and BlackRock Investment Management, LLC
Current Expenses [Percent] 0.88%
Average Annual Total Returns, 1 Year [Percent] 10.88%
Average Annual Total Returns, 5 Years [Percent] 12.03%
Average Annual Total Returns, 10 Years [Percent] 12.83%
EQ/Large Cap Growth Index Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to achieve a total return before expenses that approximates the total return performance of the Russell 1000® Growth Index, including reinvestment of dividends at a risk level consistent with the Russell 1000® Growth Index.
Portfolio Company Name [Text Block] EQ/Large Cap Growth Index Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] AllianceBernstein L.P.
Current Expenses [Percent] 0.71%
Average Annual Total Returns, 1 Year [Percent] 17.74%
Average Annual Total Returns, 5 Years [Percent] 14.51%
Average Annual Total Returns, 10 Years [Percent] 17.26%
EQ/Large Cap Growth Managed Volatility Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to provide long-term capital growth with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
Portfolio Company Name [Text Block] EQ/Large Cap Growth Managed Volatility Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] Loomis, Sayles & Company, L.P., J.P. Morgan Investment Management Inc., Polen Capital Management, LLC, and BlackRock Investment Management, LLC
Current Expenses [Percent] 0.87%
Average Annual Total Returns, 1 Year [Percent] 11.06%
Average Annual Total Returns, 5 Years [Percent] 11.64%
Average Annual Total Returns, 10 Years [Percent] 15.01%
EQ/Large Cap Value Index Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to achieve a total return before expenses that approximates the total return performance of the Russell 1000® Value Index, including reinvestment of dividends, at a risk level consistent with that of the Russell 1000® Value Index.
Portfolio Company Name [Text Block] EQ/Large Cap Value Index Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] AllianceBernstein L.P.
Current Expenses [Percent] 0.74%
Average Annual Total Returns, 1 Year [Percent] 15.04%
Average Annual Total Returns, 5 Years [Percent] 10.52%
Average Annual Total Returns, 10 Years [Percent] 9.77%
EQ/Large Cap Value Managed Volatility Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to achieve long-term growth of capital with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
Portfolio Company Name [Text Block] EQ/Large Cap Value Managed Volatility Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] AllianceBernstein L.P., Aristotle Capital Management, LLC, and Massachusetts Financial Services Company d/b/a MFS Investment Management
Current Expenses [Percent] 0.86%
Average Annual Total Returns, 1 Year [Percent] 10.62%
Average Annual Total Returns, 5 Years [Percent] 9.69%
Average Annual Total Returns, 10 Years [Percent] 9.56%
EQ/Mid Cap Index Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to achieve a total return before expenses that approximates the total return performance of the Standard & Poor’s MidCap 400® Index (“S&P MidCap 400 Index”), including reinvestment of dividends, at a risk level consistent with that of the S&P MidCap 400 Index.
Portfolio Company Name [Text Block] EQ/Mid Cap Index Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] AllianceBernstein L.P.
Current Expenses [Percent] 0.64%
Average Annual Total Returns, 1 Year [Percent] 6.80%
Average Annual Total Returns, 5 Years [Percent] 8.42%
Average Annual Total Returns, 10 Years [Percent] 9.99%
EQ/Mid Cap Value Managed Volatility Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to achieve long-term capital appreciation with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.
Portfolio Company Name [Text Block] EQ/Mid Cap Value Managed Volatility Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] Diamond Hill Capital Management, Inc., Wellington Management Company LLP, and BlackRock Investment Management, LLC
Current Expenses [Percent] 0.97%
Average Annual Total Returns, 1 Year [Percent] 4.98%
Average Annual Total Returns, 5 Years [Percent] 7.62%
Average Annual Total Returns, 10 Years [Percent] 8.20%
EQ/Moderate Allocation Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to achieve long-term capital appreciation and current income.
Portfolio Company Name [Text Block] EQ/Moderate Allocation Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Current Expenses [Percent] 1.08%
Average Annual Total Returns, 1 Year [Percent] 10.25%
Average Annual Total Returns, 5 Years [Percent] 4.14%
Average Annual Total Returns, 10 Years [Percent] 5.78%
EQ/Moderate-Plus Allocation Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to achieve long-term capital appreciation and current income, with a greater emphasis on capital appreciation.
Portfolio Company Name [Text Block] EQ/Moderate-Plus Allocation Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Current Expenses [Percent] 1.11%
Average Annual Total Returns, 1 Year [Percent] 11.50%
Average Annual Total Returns, 5 Years [Percent] 5.88%
Average Annual Total Returns, 10 Years [Percent] 7.67%
EQ/Money Market Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to obtain a high level of current income, preserve its assets and maintain liquidity.
Portfolio Company Name [Text Block] EQ/Money Market Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] Dreyfus, a division of Mellon Investment Corporation
Current Expenses [Percent] 0.67%
Average Annual Total Returns, 1 Year [Percent] 3.66%
Average Annual Total Returns, 5 Years [Percent] 2.79%
Average Annual Total Returns, 10 Years [Percent] 1.73%
EQ/Quality Bond PLUS Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to achieve high current income consistent with moderate risk to capital.
Portfolio Company Name [Text Block] EQ/Quality Bond PLUS Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] AllianceBernstein L.P. and Pacific Investment Management Company LLC
Current Expenses [Percent] 0.82%
Average Annual Total Returns, 1 Year [Percent] 6.32%
Average Annual Total Returns, 5 Years [Percent] (0.19%)
Average Annual Total Returns, 10 Years [Percent] 1.31%
EQ/Small Company Index Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to replicate as closely as possible (before expenses) the total return of the Russell 2000® Index (“Russell 2000”).
Portfolio Company Name [Text Block] EQ/Small Company Index Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] AllianceBernstein L.P.
Current Expenses [Percent] 0.63%
Average Annual Total Returns, 1 Year [Percent] 12.57%
Average Annual Total Returns, 5 Years [Percent] 6.16%
Average Annual Total Returns, 10 Years [Percent] 9.44%
Multimanager Technology Portfolio [Member]  
Variable Option [Line Items]  
Portfolio Company Objective [Text Block] Seeks to achieve long-term growth of capital.
Portfolio Company Name [Text Block] Multimanager Technology Portfolio
Portfolio Company Adviser [Text Block] Equitable Investment Management Group, LLC
Portfolio Company Subadviser [Text Block] AllianceBernstein L.P., FIAM LLC, and Wellington Management Company LLP
Current Expenses [Percent] 1.23%
Average Annual Total Returns, 1 Year [Percent] 25.87%
Average Annual Total Returns, 5 Years [Percent] 12.46%
Average Annual Total Returns, 10 Years [Percent] 19.41%
Standard Death Benefits [Member]  
Item 10. Benefits Available [Line Items]  
Name of Benefit [Text Block] Standard Death Benefit
Purpose of Benefit [Text Block] Guarantees beneficiaries will receive a benefit at least equal to your contributions less adjusted withdrawals.
Standard Benefit [Flag] true
Brief Restrictions / Limitations [Text Block] Benefit differs based on the Owner’s age on Contract Date.Benefit terminates if the Owner received and accepted an offer to terminate an optional guaranteed death or income benefit.Withdrawals could significantly reduce or terminate benefit.
Name of Benefit [Text Block] Standard Death Benefit
Operation of Benefit [Text Block]
Standard Death Benefit.
There is no additional charge for this death benefit. The Standard Death Benefit equals:
•
Your total contributions, adjusted for any withdrawals (and any associated Withdrawal Charges, if applicable under your Contract).
For Owners (or older joint Owners, if applicable) ages 76 through 85 on the Contract Date (ages 76 through 80 for Accumulator® PlusSM Contracts) the Standard Death Benefit is the only death benefit available and it is equal to your total contributions, adjusted for any withdrawals (and any associated Withdrawal Charges, if applicable under your Contract).
If you elected one of the enhanced death benefits, the death benefit is equal to the greater of:
•
Your Account Value as of the date we receive satisfactory proof of death, any required instructions for the method of payment, and information and forms necessary to effect payment; and
•
Your elected enhanced death benefit on the date of the Owner’s (or older joint Owner’s, if applicable) death, adjusted for any subsequent withdrawals (and associated Withdrawal Charges, if applicable under your Contract).
In contrast, the benefit base of the Standard Death Benefit is equal to your total contributions, adjusted for any withdrawals (and any associated Withdrawal Charges, if applicable under your Contract). See “How Withdrawals Affect Your GMIB and GMDB” in “WITHDRAWALS.”
GMDB - Annual Ratchet to Age 85 [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.25%
Item 10. Benefits Available [Line Items]  
Name of Benefit [Text Block] Annual Ratchet to Age 85
Purpose of Benefit [Text Block] A GMDB that provides a death benefit equal to the greater of (i) total contributions adjusted for withdrawals (including any associated Withdrawal Charges); and (ii) the highest Account Value on any Contract Date Anniversary up to the Contract Date Anniversary following the Owner’s 85th birthday (adjusted for withdrawals (including any associated Withdrawal Charges) plus any subsequent contributions).
Optional Benefit [Flag] true
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.25%
Brief Restrictions / Limitations [Text Block] Not available for new elections.Age restrictions applied.Withdrawals could significantly reduce or terminate benefit.Credits under Accumulator® PlusSM Contracts are excluded from the calculation of the benefit base except to the extent the benefit base reflects increases in Account Value.
Name of Benefit [Text Block] Annual Ratchet to Age 85
Operation of Benefit [Text Block]
Annual Ratchet to Age 85 Death Benefit (“Annual Ratchet DB”).
This enhanced death benefit has an additional charge, which is a percentage of the benefit base. The benefit base is equal to the amount of the Annual Ratchet DB, calculated as described below. Although the amount of this enhanced death benefit will no longer increase after age 85, we will continue to deduct this charge as long as your enhanced death benefit is in effect. See “Enhanced Death Benefit Charges” in “CHARGES AND FEES” for more information.
The Annual Ratchet DB is equal to the greater of:
•
Your total contributions; and
•
Your highest Account Value on any Contract Date Anniversary up to the Contract Date Anniversary following the Owner’s (or older joint Owner’s, if applicable) 85th birthday (plus any contributions made since the most recent Annual Ratchet).
At any time after a withdrawal, your Annual Ratchet DB is equal to the greater of:
•
Your enhanced death benefit immediately following the most recent withdrawal (which will reflect the deduction of the withdrawal and any associated Withdrawal Charges, if applicable under your Contract) plus any additional contributions made after the date of such withdrawal; and
•
Your highest Account Value on any Contract Date Anniversary after the date of the most recent withdrawal, up to the Contract Date Anniversary following the Owner’s (or older joint Owner’s, if applicable) 85th birthday (plus any contributions made since the most recent Annual Ratchet after the date of such withdrawal).
Your Annual Ratchet DB is no longer eligible to increase after the Contract Date Anniversary following your 85th (or older joint Owner’s, if applicable) birthday. However, any associated enhanced death benefit will remain in effect, and we will continue to deduct the charge for the benefit. If the Contract Owner subsequently dies while the Contract is still in effect, we will pay a death benefit equal to the greater of the Account Value and the Annual Ratchet DB amount. See “How Withdrawals Affect Your GMIB and GMDB” in “WITHDRAWALS.”
For Contracts with non-natural Owners, the last Contract Date Anniversary an increase could occur is based on the Annuitant’s age.
GMDB - Greater of 6% Roll-up to Age 85 or Annual Ratchet to Age 85 [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Maximum [Percent] 0.95%
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.80%
Item 10. Benefits Available [Line Items]  
Name of Benefit [Text Block] Greater of 6% Roll-up to Age 85 or Annual Ratchet to Age 85
Purpose of Benefit [Text Block] A GMDB that provides a death benefit equal to the greater of (i) the Annual Ratchet to Age 85 death benefit (described above); and (ii) total contributions adjusted for withdrawals (including any associated Withdrawal Charges) plus a roll-up amount that accrues daily.
Optional Benefit [Flag] true
Optional Benefit Expense (of Benefit Base), Maximum [Percent] 0.95%
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.80%
Brief Restrictions / Limitations [Text Block] Not available for new elections.Age restrictions applied.Withdrawals could significantly reduce or terminate benefit.Only available with the GMIB.Credits under Accumulator® PlusSM Contracts are excluded from the calculation of the benefit base except to the extent the benefit base reflects increases in Account Value.
Name of Benefit [Text Block] Greater of 6% Roll-up to Age 85 or Annual Ratchet to Age 85
Operation of Benefit [Text Block]
Greater of 6% Roll-up to Age 85 or the Annual Ratchet to Age 85 Enhanced Death Benefit.
This enhanced death benefit has an additional charge, which is a percentage of the benefit base. The benefit base is equal to the amount of the Greater of 6% Roll-up to Age 85 or Annual Ratchet to Age 85 Enhanced Death Benefit, calculated as described below. Although the amount of this enhanced death benefit will no longer increase after age 85, we will continue to deduct this charge as long as your enhanced death benefit is in effect. See “Enhanced Death Benefit Charges” in “CHARGES AND FEES“ for more information. This enhanced death benefit was only available if the GMIB was also elected when your EFLIC Contract was issued.
The Greater of 6% Roll-up to Age 85 or the Annual Ratchet to Age 85 Enhanced Death Benefit is equal to the greater of:
•
The Annual Ratchet DB, calculated as described above, and
•
The 6% Roll-up to Age 85 Death Benefit (the “GMDB Roll-up Benefit Base”), which is equal to:
○
Your total contributions; plus
○
A daily roll-up at an effective annual rate described below; less
○
A deduction that reflects any withdrawals you make (including any applicable Withdrawal Charges).
The effective annual Roll-up rate under this enhanced death benefit option is:
•
6% with respect to the Subaccounts (including amounts allocated to the Account for Special Money Market DCA under Accumulator® PlusSM and Accumulator® SelectSM Contracts but excluding all other amounts allocated to the EQ/Money Market Subaccount), and the Account for Special DCA (under Accumulator® and Accumulator® EliteSM Contracts only). We refer to these as the “Higher Roll-up Rate Options;” and
•
3% with respect to the EQ/ Money Market Subaccount, the Guaranteed Interest Option, and the loan reserve account under Rollover 403(b) Contracts (if applicable). We refer to these as the “Lower Roll-up Rate Options.” If you elected a guaranteed benefit that provides a 6% roll-up, an allocation to any investment option that rolls up at 3% will effectively reduce the growth rate of your benefit base. For more information, see “Calculating Your Roll-up Benefit Base Following a Transfer” in “TRANSFERS AMONG YOUR INVESTMENT OPTIONS.“
The Greater of 6% Roll-up to Age 85 or the Annual Ratchet to Age 85 enhanced death benefit stops rolling up on the Contract Date Anniversary following the Owner’s (or older joint Owner’s, if applicable) 85th birthday. For Contracts with non-natural Owners, the Greater of 6% Roll-up to Age 85 or the Annual Ratchet to Age 85 enhanced death benefit stops rolling up on the Contract Date Anniversary following the Annuitant’s 85th birthday. However, even after the Greater of 6% Roll-up to Age 85 or the Annual Ratchet to Age 85 enhanced death benefit stops rolling up, any associated GMDB will remain in effect, and we will continue to deduct the charge for the enhanced death benefit. If the Contract Owner subsequently dies while the Contract is still in effect, we will pay a death benefit equal to the greater of the Account Value and the Greater of 6% Roll-up to Age 85 or the Annual Ratchet to Age 85 enhanced death benefit amount.
Please see “Calculating Your Roll-up Benefit Amount Following a Transfer” in “TRANSFERS AMONG YOUR INVESTMENT OPTIONS” for more information about how we calculate the roll-up when you transfer Account Values between investment options with a higher Roll-up rate and investment options with a lower Roll-up rate. See also “How Withdrawals Affect Your GMIB and GMDB” in “WITHDRAWALS.”
Earnings Enhancement Benefit (EEB) [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.35%
Item 10. Benefits Available [Line Items]  
Name of Benefit [Text Block] Earnings Enhancement Benefit
Purpose of Benefit [Text Block] Provides an additional death benefit equal to a percentage of the greater of (i) the Account Value less total net contributions; and (ii) the applicable death benefit less total net contributions.
Optional Benefit [Flag] true
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.35%
Brief Restrictions / Limitations [Text Block] Not available for new elections.Benefit differs based on the Owner’s age on the Contract Date.Withdrawals could significantly reduce or terminate benefit.
Name of Benefit [Text Block] Earnings Enhancement Benefit
Operation of Benefit [Text Block]
Earnings Enhancement Benefit (“EEB”)
Subject to state and Contract availability (see “APPENDIX E - STATE CONTRACT AVAILABILITY AND/OR VARIATIONS OF CERTAIN FEATURES AND BENEFITS” for state availability of these benefits), you may have elected the EEB at the time you purchased your EFLIC Contract, if the Owner was age 75 or younger. The current charge for this benefit is 0.35% of your Account Value. The EEB provides an additional death benefit as described below. See “FEDERAL TAX CONSIDERATIONS” for the potential tax consequences of the EEB in a Nonqualified, IRA or Rollover 403(b) Contract. You may not voluntarily terminate the EEB. If you elected the EEB, and your GMIB then converts to the GWBL at age 85, the EEB will continue in force after conversion, although it may be adversely affected by withdrawals under the GWBL. See “GWBL.”
If you elected the EEB and change ownership of the Contract, generally this benefit automatically terminates, except under certain circumstances. See “Transfers of Ownership and Collateral Assignments” in “OTHER INFORMATION” for more information. This benefit will also terminate if your Contract terminates for any reason. See “Termination of Your Contract” in “THE ANNUITY CONTRACT.”
If the Owner (or older joint Owner, if applicable) is 70 or younger on the Contract Date (or if the spouse beneficiary or younger spouse joint Owner is 70 or younger when he or she becomes the successor Owner and the EEB had been elected), the additional death benefit will be 40% of:
The greater of:
•
The Account Value; or
•
Any applicable death benefit;
Decreased by:
•
Total net contributions.
For purposes of calculating your EEB, “total net contributions” are the total contributions made (or if applicable, the total amount that would otherwise have been paid as a death benefit had the spouse beneficiary or younger spouse joint Owner not continued the Contract plus any additional contributions) adjusted for each withdrawal that exceeds your EEB earnings.
EEB earnings are equal to:
•
The greater of the Account Value and the death benefit (i.e., the greater of the Account Value as of the date we receive satisfactory proof of death or any applicable GMDB as of the date of death) immediately prior to the withdrawal; minus
•
The net contributions as adjusted by any prior withdrawals (for Accumulator® PlusSM Contracts, Credit amounts are not included in “net contributions”).
For Accumulator® PlusSM Contracts, for purposes of calculating your EEB, if any contributions are made in the one-year period prior to death of the Owner (or older joint Owner, if applicable), the Account Value will not include any Credits applied in the one-year period prior to death.
If the Owner (or older joint Owner, if applicable) is age 71 through 75 on the Contract Date (or if the spouse beneficiary or younger spouse joint Owner is between the ages of 71 and 75 when he or she becomes the successor Owner and the EEB had been elected), the additional death benefit will be 25% of:
The greater of:
•
The Account Value; or
•
Any applicable death benefit;
Decreased by:
•
Total net contributions.
The value of the EEB is frozen on the first Contract Date Anniversary after the Owner (or older joint Owner, if applicable) turns age 80, except that the benefit will be reduced for withdrawals on a pro rata basis. Reduction on a pro rata basis means that we calculate the percentage of the current Account Value that is being withdrawn and we reduce the benefit by that percentage. For example, if the Account Value is $30,000 and you withdraw $12,000, you have withdrawn 40% of your Account Value. If the benefit is $40,000 before the withdrawal, it would be reduced by $16,000 ($40,000 ×.40) and the benefit after the withdrawal would be $24,000 ($40,000 – $16,000).
For an example of how the EEB is calculated, please see “APPENDIX D - EARNINGS ENHANCEMENT BENEFIT EXAMPLE.”
Although the value of your EEB will no longer increase after age 80, we will continue to deduct the charge for this benefit as long as it remains in effect.
For Contracts continued under spousal continuation, upon the death of the spouse (or older spouse, in the case of jointly owned Contracts), the Account Value will be increased by the value of the EEB as of the date we receive due proof of death. The benefit will then be based on the age of the surviving spouse as of the date of the deceased spouse’s death for the remainder of the Contract. If the surviving spouse is age 76 or older, the benefit will terminate and the charge will no longer be in effect. The spouse may also take the death benefit (increased by the EEB) in a lump sum. See “Spousal Continuation” in “DEATH BENEFITS” for more information.
Return of Account Value [Member]  
Item 10. Benefits Available [Line Items]  
Name of Benefit [Text Block] Return of Account Value
Purpose of Benefit [Text Block] Provides a death benefit equal to your Account Value.
Optional Benefit [Flag] true
Brief Restrictions / Limitations [Text Block] Available only to Owners who received and accepted an offer to terminate an optional guaranteed death or income benefitIf an offer is accepted, all other death benefits terminate, including the Standard Death Benefit.
Name of Benefit [Text Block] Return of Account Value
Operation of Benefit [Text Block]
Return of Account Value Death Benefit
If you received and accepted an offer to terminate a guaranteed benefit, you no longer have the Standard Death Benefit or one of the enhanced death benefits available for an additional charge. Your previous death benefit has been replaced with the Return of Account Value death benefit. There is no additional charge for this death benefit. See “Guaranteed Benefit Offers” in “OPTIONAL LIVING BENEFITS” for more information.
The Return of Account Value death benefit generally equals your Account Value as of the date we receive satisfactory proof of death, any required instructions for the method of payment, and information and forms necessary to effect payment.
Guaranteed Minimum Income Benefit (GMIB) [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Maximum [Percent] 1.05%
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.80%
Item 10. Benefits Available [Line Items]  
Name of Benefit [Text Block] Guaranteed Minimum Income Benefit (“GMIB”)
Purpose of Benefit [Text Block] Guarantees a minimum amount of fixed income under a life annuity fixed payout option or a life with a period certain annuity payout option.
Optional Benefit [Flag] true
Optional Benefit Expense (of Benefit Base), Maximum [Percent] 1.05%
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.80%
Brief Restrictions / Limitations [Text Block] Not available for new elections.Age restrictions applied.Credits under Accumulator® PlusSM Contracts are excluded from the calculation of the benefit base except to the extent the benefit base reflects increases in Account Value.
Name of Benefit [Text Block] Guaranteed Minimum Income Benefit (“GMIB”)
Operation of Benefit [Text Block]
Guaranteed Minimum Income Benefit (“GMIB”)
This section describes the GMIB if you elected it at issue. If you added the benefit to your EFLIC Contract after issue, certain additional requirements applied, and the way the benefit is calculated may differ from how it is calculated if you elected it at issue. See “If You Added the GMIB After Issue.”
The GMIB was available if the Owner was age 20 through 75 at the time the EFLIC Contract was issued. This benefit includes the ability to reset your GMIB benefit base on each Contract Date Anniversary until the Contract Date Anniversary following age 80.
If the Contract is jointly owned, the GMIB will be calculated on the basis of the older Owner’s age. There is an additional charge for the GMIB, which is a percentage of the benefit base and described under “GMIB Charge” in “CHARGES AND FEES.”
GMIB Benefit Base. The GMIB benefit base is used to calculate the GMIB. The GMIB benefit base will be calculated as described below in this section whether the GMIB is elected individually or in combination with an optional enhanced death benefit. Your GMIB benefit base is not an Account Value or a Cash Value. If you added the GMIB to your EFLIC Contract after issue, your GMIB benefit base was calculated using your Account Value on the Contract Date Anniversary the GMIB became effective under your Contract (the “GMIB Effective Date”) rather than your initial contribution, for purposes of determining the GMIB. See “If You Added the GMIB After Issue” below. When we describe withdrawals and additional contributions in this section, we mean withdrawals and additional contributions made after the GMIB Effective Date.
Your GMIB benefit base is equal to the greater of:
•
The benefit base computed for the Annual Ratchet DB. This benefit base is calculated as described in “Annual Ratchet to Age 85 Death Benefit (“Annual Ratchet DB”)” in “DEATH BENEFITS,” and
•
The benefit base computed for the GMIB Roll-up Benefit Base. This benefit base is calculated as described in “Greater of 6% Roll-up to Age 85 or the Annual Ratchet to Age 85 Enhanced Death Benefit” in “DEATH BENEFITS.“
The GMIB benefit base is calculated separately from the Annual Ratchet DB and the Greater of 6% Roll-up to Age 85 or the Annual Ratchet to Age 85 Enhanced Death Benefit. The GMIB benefit base calculation is mathematically identical to the death benefit calculations referenced above but the calculation is independent of any death benefit election and calculation. If the GMIB is exercised, the GMIB benefit base is reduced by any applicable Withdrawal Charge.
The GMIB Roll-up Benefit Base May Also Be Eligible for Resets. Once you have reset your Roll-up Benefit Base, a new waiting period to exercise the GMIB will apply from the date of the reset. You may not exercise the GMIB until the tenth Contract Date Anniversary following the reset or, if later, the earliest date you would have been permitted to exercise without regard to the reset but not later than the Contract Date Anniversary following age 85. Also note that in almost all cases, resetting your Roll-up Benefit Base will lengthen the exercise waiting period. See “Exercise Rules” below for more information about the new waiting period. See “Roll-up Benefit Base Reset” in “DEATH BENEFITS” for more information.
This feature is not available for an Inherited IRA. If you are using the Contract to fund a charitable remainder trust (for Accumulator® and Accumulator® EliteSM Contracts only), you will have to take certain distribution amounts. You should consider split-funding so that those distributions do not adversely impact your GMIB. See “Owner and Annuitant Requirements” in “THE ANNUITY CONTRACT” and “How Withdrawals Affect Your GMIB and GMDB” in “WITHDRAWALS” for more information.
If you elected the GMIB option and change ownership of the Contract, this benefit automatically terminates, except under certain circumstances. See “Transfers of Ownership and Collateral Assignments” in “OTHER INFORMATION” for more information. This benefit provides a minimum guarantee that may never come into effect
The GMIB guarantees you a minimum amount of fixed income under your choice of a life annuity fixed annuity payout option or a life with a period certain annuity payout option. You choose which of these annuity payout options you want and whether you want the option to be paid on a single or joint life basis at the time you exercise your GMIB. The maximum period certain available under the life with a period certain annuity payout option is 10 years. This period may be shorter, depending on the Owner’s age (or younger joint Owner’s age), as follows:
Level Payments
Owner’s
age at exercise
Period certain years
80 and younger
10
81
9
82
8
83
7
84
6
85
5
We may also make other forms of annuity payout options available. For a description of annuity payout options, see “Fixed Annuity Payout Options” in “ANNUITY OPTIONS.”
When you exercise the GMIB, the annual lifetime income that you will receive under a fixed annuity payout option will be the greater of:
•
Your GMIB which is calculated by applying your GMIB base, less any applicable Withdrawal Charge remaining (if applicable under your Contract), to GMIB guaranteed annuity purchase factors; or
•
The amount of income provided by applying your Account Value to our then current annuity purchase factors or base Contract guaranteed annuity purchase factors.
For Rollover 403(b) Contracts only, we will subtract from the GMIB benefit base or Account Value any outstanding loan, including interest accrued but not paid. You may also elect to receive monthly or quarterly payments as an alternative.
If you elect monthly or quarterly payments, the aggregate payments you receive in a Contract Year will be less than what you would have received if you had elected an annual payment, as monthly and quarterly payments reflect the time value of money with regard to both interest and mortality. The benefit base is applied only to the guaranteed annuity purchase factors under the GMIB in your Contract and not to any other guaranteed or current annuity purchase rates. Your Account Value is never applied to the guaranteed annuity purchase factors under GMIB. The amount of income you actually receive will be determined when we receive your request to exercise the benefit.
When you elect to receive annual lifetime income, your Contract’s other benefits (including its death benefit and any account or Cash Values) will terminate and you will receive a supplemental contract for the annuity payout option you elect. For a discussion of when your payments will begin and end, see “Exercise of GMIB” in “OPTIONAL LIVING BENEFITS.”
Before you elect the GMIB, you should consider the fact that the GMIB provides a form of insurance and is based on conservative actuarial factors. For certain Contracts, the guaranteed annuity purchase factors we use to determine your annuity payout benefit under the GMIB are more conservative than the guaranteed annuity purchase factors we use for our standard annuity payout options. This means that, assuming the same amount is applied to purchase the benefit and that we use guaranteed annuity purchase factors to compute the benefit, each periodic payment under the GMIB payout annuity will be smaller than each periodic payment under our standard annuity payout options. Therefore, even if your Account Value is less than your benefit base, you may generate more income by applying your Account Value to current annuity purchase factors. We will make this comparison for you upon request.
GMIB Annuity Purchase Factors. Annuity purchase factors are the factors applied to determine your periodic payments under the GMIB and base Contract annuity payout options. GMIB annuity purchase factors are based on the Owner’s (and any younger joint Owner’s) age, frequency of payment, are the same regardless of gender, and are generally more conservative than the base Contract annuity purchase factors. Base Contract annuity payout options are discussed under “Fixed Annuity Payout Options” in “ANNUITY OPTIONS” in this Prospectus. Base Contract annuity purchase factors are based on interest rates, mortality tables, frequency of payments, the form of annuity benefit, and the Owner’s (and any joint Owner’s) age and sex in certain instances. We may provide more favorable current annuity purchase factors for the annuity payout options than those specified in your Contract.
GMIB “No Lapse Guarantee.” In general, if your Account Value falls to zero, the GMIB will be exercised automatically, based on the Owner’s (or older joint Owner’s, if applicable) current age and benefit base, as follows:
•
You will be issued a supplemental contract based on a single life with a maximum 10 year period certain. Unless another frequency has been selected, payments will be made annually starting one year from the exercise date. Upon exercise, your Contract’s other benefits (including the GMDB, any other guaranteed benefits and any account or Cash Values) will terminate; and
•
You will have 30 days from when we notify you to change the annuity payout option and/or the payment frequency.
The no lapse guarantee will terminate on the Contract Date Anniversary following the Owner (or older joint Owner, if applicable) reaching age 85.
Illustrations of the GMIB. Assuming the GMIB Roll-up Benefit Base, the table below illustrates the GMIB amounts per $100,000 of initial contribution, for a male Owner age 60 (on the Contract Date) on the Contract Date Anniversaries indicated, who has elected the life annuity fixed payout option, using the guaranteed annuity purchase factors as of the date of this Prospectus, assuming no additional contributions, withdrawals, or loans under Rollover 403(b) Contracts, and assuming there were no allocations to the EQ/Money Market Fund (except amounts allocated to the Account for Special Money Market DCA, if available), the Guaranteed Interest Option and the loan reserve account under Rollover 403(b) Contracts.
Contract Date Anniversary at exercise
GMIB Benefit Base
GMIB — annual income payable for life
10
$179,085
$9,065
15
$239,656
$14,020
Exercise of the GMIB. On each Contract Date Anniversary that you are eligible to exercise the GMIB, we will send you an eligibility notice. The notice will illustrate how much income could be provided as of the Contract Date Anniversary. You must notify us within 30 days following the Contract Date Anniversary if you want to exercise the GMIB.
We deduct guaranteed benefit and Annual Administrative Charges from your Account Value on your Contract Date Anniversary, and you can only exercise the GMIB, if eligible, during the 30 day period following your Contract Date Anniversary. Therefore, if your Account Value is not sufficient to pay fees on your next Contract Date Anniversary, your Contract will terminate and you will not have an opportunity to exercise your GMIB unless the no lapse guarantee provision under your Contract is still in effect. See “Effect of Your Account Value Falling to Zero” in “THE ANNUITY CONTRACT” section of this Prospectus for more information.
You must provide your exercise request to us, along with all required information, within 30 days following your Contract Date Anniversary in order to exercise this benefit. Upon exercising the GMIB, any GMDB you elected will terminate without value. Upon exercise of the GMIB, the Owner (or older joint Owner, if applicable) will become the Annuitant, and the Contract will be annuitized on the basis of the Owner’s life. Unless another frequency has been selected, you will begin receiving annual payments one year after the supplemental annuity payout contract is issued. If you choose monthly or quarterly payments, you will receive your payment one month or one quarter after the supplemental annuity payout contract is issued. You may choose to take a withdrawal prior to exercising the GMIB, which will reduce your payments. You may not partially exercise this benefit. Payments end with the last payment before the Annuitant’s (or joint Annuitant’s, if applicable) death or, if later, the end of the period certain (where the annuity payout option chosen includes a period certain).
Exercise Rules. The latest date you may exercise the GMIB is the 30th day following the Contract Date Anniversary following your 85th birthday. Other options are available to you on the Contract Date Anniversary following your 85th birthday. See “Guaranteed Withdrawal Benefit for Life (“GWBL”)”. In addition, eligibility to exercise the GMIB is subject to a “waiting period”, which is based on the Owner’s (or older joint Owner’s, if applicable) age. The initial waiting period is as follows:
•
If you were at least age 20 and no older than age 44 on the Contract Date or on the GMIB Effective Date, the initial waiting period is 15 years, and you are eligible to exercise the GMIB within 30 days following each Contract Date Anniversary beginning with the 15th Contract Date Anniversary or GMIB Effective Date anniversary;
•
If you were at least age 45 and no older than age 49 on the Contract Date or on the GMIB Effective Date, the initial waiting period runs until you reach age 60, and you are eligible to exercise the GMIB within 30 days following each Contract Date Anniversary after age 60; and
•
If you were at least age 50 and no older than age 75 on the Contract Date or on the GMIB Effective Date, the initial waiting period is 10 years, and you are eligible to exercise the GMIB within 30 days following each Contract Date Anniversary beginning with the 10th Contract Date Anniversary or GMIB Effective Date anniversary.
If you choose to reset your Roll-up Benefit Base (as described in “Roll-up Benefit Base Reset” in “DEATH BENEFITS”), a new waiting period to exercise the GMIB will apply from the date of the reset. You will not be eligible to exercise the GMIB until the later of (i) the tenth Contract Date Anniversary following the reset, or (ii) the earliest date you would have been permitted to exercise without regard to the reset (as set forth in the bullet list above). However, if your 85th birthday occurs before the new waiting period has ended, you will be eligible to exercise the GMIB on the Contract Date Anniversary following your 85th birthday. You should note that in almost all cases, resetting your Roll-up Benefit Base will lengthen the waiting period.
To exercise the GMIB:
•
We must receive your notification in writing within 30 days following any Contract Date Anniversary on which you are eligible; and
•
Your Account Value must be greater than zero on the exercise date. See “Effect of Your Account Value Falling to Zero” in “THE ANNUITY CONTRACT” section of this Prospectus for more information about the impact of insufficient Account Value on your ability to exercise the GMIB.
Please note:
•
If you were age 75 on the Contract Date or elected to add the GMIB when you were 74, but turned 75 before the GMIB Effective Date or the Roll-up Benefit Base was reset when you were between the ages of 75 and 80, the only time you may exercise the GMIB is within 30 days following the Contract Date Anniversary following your attainment of age 85;
•
For Qualified Contracts, unless the GMIB is automatically exercised because of the no lapse guarantee, with plan trustee approval the plan participant may exercise the GMIB only within 30 days following the Contract Date Anniversary. GMIB payments will generally be made to the plan trustee;
•
Because no partial exercise is permitted, owners of defined benefit Qualified Contracts who plan to change ownership of the Contract to the participant must first compare the participant’s lump sum benefit amount and annuity benefit amount to the GMIB amount and Account Value, and make a withdrawal from the Contract if necessary. See “How Withdrawals Affect Your GMIB and GMDB” in “WITHDRAWALS.”
•
For Rollover 403(b) Contracts, unless the GMIB is automatically exercised because of the no lapse guarantee, if you are eligible for a distribution from the 403(b) plan you may exercise the GMIB only within 30 days following the Contract Date Anniversary;
•
If you reset the Roll-up Benefit Base (as described earlier), your new exercise date will be the tenth Contract Date Anniversary following the reset or, if later, the earliest date you would have been permitted to exercise without regard to the reset, but in no event will it be later than the Contract Date Anniversary following age 85. Please note that in almost all cases, resetting your Roll-up Benefit Base will lengthen the waiting period;
•
A spouse beneficiary or younger spouse joint Owner under spousal continuation may only continue the GMIB if the Contract is not past the last date on which the original Owner could have exercised the benefit. In addition, the spouse beneficiary or younger spouse joint Owner must be eligible to continue the benefit and to exercise the benefit under the applicable exercise rule (described in the above bullets) using the following additional rules. The spouse beneficiary or younger spouse joint Owner’s age on the date of the Owner’s death replaces the Owner’s age on the Contract Date or on the GMIB Effective Date, if the GMIB is added after the Contract Date, for purposes of determining the availability of the benefit and which of the exercise rules applies. For example, if an Owner was age 70 on the Contract Date, and he dies at age 84, and the spouse beneficiary is 86 on the date of his death, she will not be able to exercise the GMIB, even though she was 72 on the Contract Date, because eligibility is measured using her age at the time of the owner’s death, not her age on the Contract Date. The original Contract Date (or GMIB Effective Date) will continue to apply for purposes of the exercise rules;
•
If the Contract is jointly owned and not an IRA Contract, you can elect to have the GMIB paid either as a joint life benefit, or as a single life benefit, paid on the basis of the older Owner’s age;
•
If the Contract is an IRA Contract, you can elect to have the GMIB paid either as a joint life benefit, but only if the joint Annuitant is your spouse, or as a single life benefit, paid on the basis of the Annuitant’s age; and
•
If the Contract is owned by a trust or other non-natural person, eligibility to elect or exercise the GMIB is based on the Annuitant’s age (or older joint Annuitant’s age, if applicable), rather than the Owner’s.
See “Effect of the Owner’s Death” under “DEATH BENEFITS” for more information.
If your Account Value is insufficient to pay applicable charges when due, your Contract may terminate, which could cause you to lose your GMIB. For more information, please see ‘‘Effect of Your Account Value Falling to Zero” in “THE ANNUITY CONTRACT” and the section entitled ‘‘CHARGES AND FEES’’ for more information.
For information about the impact of withdrawals on the GMIB and any other guaranteed benefits you may have elected, please see ‘‘How Withdrawals Affect Your GMIB and GMDB” in “WITHDRAWALS.”
From time to time, we may offer you some form of payment or incentive in return for terminating or modifying certain guaranteed benefits. See “Guaranteed Benefit Offers” in “OPTIONAL LIVING BENEFITS” for more information.
If you received and accepted an offer to terminate a guaranteed benefit, you no longer have an enhanced or the Standard Death Benefit. Instead, you will have the Return of Account Value death benefit. See “DEATH BENEFITS” for information about this death benefit.
If You Added the GMIB After Issue. You may have added the GMIB to your EFLIC Contract after issue. If you added the GMIB after issue, it functions as described under “GMIB,” with certain exceptions:
•
The Owner (and joint Owner, if any) must have been between the ages of 20 and 74 on the date EFLIC received your election form in Good Order (the “GMIB Addition Date”);
•
The GMIB became effective under your EFLIC Contract on the Contract Date Anniversary that followed the GMIB Addition Date (the GMIB Effective Date). If the GMIB Addition Date is a Contract Date Anniversary, the GMIB Effective Date is that date as well; and
•
Your initial GMIB benefit base was equal to the Account Value on the GMIB Effective Date. Subsequent adjustments to your GMIB benefit base are calculated as described above in the section “GMIB Benefit Base.”
Terminating the GMIB After Issue. You may terminate the GMIB from your Contract, subject to the following restrictions:
•
For Accumulator®, Accumulator® PlusSM and Accumulator® EliteSM Contract holders,
○
You may not terminate the GMIB until the later of (i) the expiration of any Withdrawal Charges in effect under your Contract, including Withdrawal Charges applicable to additional contributions, or (ii) the Contract Date Anniversary following the GMIB Effective Date;
•
For Accumulator® SelectSM Contract holders,
○
You may not terminate the benefit until the later of (i) the fourth Contract Date Anniversary or (ii) the first Contract Date Anniversary following the GMIB Effective Date;
•
The GMIB will be terminated from your Contract on the date we receive your election form in Good Order. If you terminate the GMIB on a date other than a Contract Date Anniversary, we will deduct a pro rata portion of the GMIB charge for the Contract Year on that date; and
•
If you elected the Greater of 6% Roll-up to Age 85 or Annual Ratchet to Age 85 GMDB and the GMIB, and subsequently terminate the GMIB, we will no longer deduct the GMIB charge. However, we will continue to deduct the Enhanced Death Benefit Charges.
GWBL
For an additional charge, the GWBL guarantees that you can take withdrawals up to a maximum amount per year (your “Guaranteed Annual Withdrawal Amount”). The current charge for this benefit is 0.80% of the benefit base. The GWBL is only available upon conversion of the GMIB at age 85 under certain circumstances.
The “Conversion Effective Date” is the Contract Date Anniversary following age 85. The “Conversion Transaction Date” is the date that we receive your election form in Good Order, if you affirmatively elect to convert the GMIB to the GWBL at age 85, or the 30th day following the Conversion Effective Date, if the GMIB converts automatically to the GWBL.
If you have neither exercised the GMIB nor terminated it from your Contract as of the Conversion Effective Date, you will have up to 30 days after that Contract Date Anniversary to choose what you want to do with your GMIB. You will have three choices available to you:
•
You may affirmatively convert the GMIB to a GWBL;
•
You may exercise the GMIB, and begin to receive lifetime income under that benefit; or
•
You may elect to terminate the GMIB without converting to the GWBL.
If you take no action, the GMIB will convert automatically to the GWBL.
If you exercise the GMIB, it will function as described under “Guaranteed Minimum Income Benefit (“GMIB”).” If you elect to terminate the GMIB without converting to the GWBL, your Contract will continue in force, without either benefit. If you take no action, or affirmatively convert the GMIB, your GMIB will be converted to the GWBL, retroactive to the Conversion Effective Date. Please note that if you exercise the GMIB prior to the Conversion Effective Date, you will not have the option to convert the GMIB to the GWBL.
If there is a loan outstanding under a Rollover 403(b) Contract on the Conversion Effective Date or the Conversion Transaction Date, the GMIB cannot convert to the GWBL. If the GMIB does not convert to the GWBL because there is an outstanding loan, the GMIB will terminate as of the Conversion Effective Date. If you want to convert your GMIB to the GWBL, you must pay off the loan before the Conversion Effective Date. See “Loans under Rollover 403(b) Contracts” in “OTHER BENEFITS.”
The charge for the GWBL benefit will be deducted from your Account Value on each Contract Date Anniversary. Please see “GWBL Charge” in “CHARGES AND FEES” for a description of this charge.
You should not convert the GMIB to this benefit at age 85 (or permit the benefit to convert) if:
•
You plan to take withdrawals in excess of your Guaranteed Annual Withdrawal Amount because those withdrawals may significantly reduce or eliminate the value of the benefit (see “Effect of Excess Withdrawals” below);
•
You are not interested in taking withdrawals prior to the Contract’s Maturity Date; or
•
You are using the Contract to fund a Rollover 403(b) or Qualified Contract where withdrawal restrictions will apply.
For traditional IRAs, 403(b) and Qualified Contracts, you may take your lifetime required minimum distributions (“RMDs”) without losing the value of the GWBL benefit, provided you comply with the conditions described under “Lifetime Required Minimum Distribution (“RMD”) Withdrawals” in “WITHDRAWALS”, including utilizing our automatic RMD service. The automatic RMD service is not available under defined benefit Qualified Contracts. If you do not expect to comply with these conditions, this benefit may have limited usefulness for you and you should consider whether it is appropriate. Please consult your tax adviser.
Additional Owner and Annuitant Requirements.
Converting the GMIB to the GWBL may alter the ownership of your Contract. The options you may choose depend on the original ownership of your Contract. You may only choose among the ownership options below if you affirmatively choose to convert the GMIB to the GWBL. If your benefit is converted automatically, your Contract will be structured as a Single life Contract. Your ability to add a Joint life is also limited by the age and timing requirements described under “Guaranteed Annual Withdrawal Amount.”
Single Owner. If the Contract has a single Owner, and the Owner converts the GMIB to the GWBL with the single life (“Single life”) option, there will be no change to the ownership of the Contract. However, if the Owner converts the GMIB to the GWBL with the joint life (“Joint life”) option, the Owner must add his or her spouse as the successor Owner. We will use the age of the younger spouse in determining the Joint life applicable percentage. If the Contract is a Nonqualified Contract, the Owner may grant the successor Owner ownership rights in the Contract at the time of conversion.
Joint Owners. If the Contract has joint Owners, and the GMIB converts to the GWBL with the Single life option, there will be no change to the ownership of the Contract, unless the joint Owners request that the younger joint Owner be removed from the Contract. If the Contract has spousal joint Owners, and they request a Joint life benefit, we will use the younger spouse’s age in determining the applicable percentage. If the Contract has non-spousal joint Owners, and the joint Owners request a Joint life benefit, the younger Owner may be removed from the Contract, and the remaining Owner’s spouse added as the successor Owner. We will use the age of the younger spouse in determining the Joint life applicable percentage.
Non-natural Owner. Contracts with non-natural Owners that convert to the GWBL will have different options available to them, depending on whether they have an individual Annuitant or joint Annuitants. If the Contract has a non-natural Owner and an individual Annuitant, and the Owner converts to the GWBL with the Single life option, there will be no change to the ownership of the Contract. If the Owner converts to the GWBL with the Joint life option under a Contract with an individual Annuitant, the Owner must add the Annuitant’s spouse as the joint Annuitant. We will use the age of the younger spouse in determining the Joint life applicable percentage.
If the Contract has a non-natural Owner and joint Annuitants, and the Owner converts to the GWBL with the Single life option, there will be no change to the ownership of the Contract, unless the Owner requests that the younger Annuitant be removed from the Contract. If the Owner converts to the GWBL on a Joint life basis, there will be no change to the ownership of your Contract. We will use the age of the younger spouse in determining the applicable percentage on a Joint life basis.
GWBL Benefit Base. Upon conversion of the GMIB to GWBL at age 85, your GWBL Benefit Base is equal to either your Account Value or GMIB benefit base, as described under “Guaranteed Annual Withdrawal Amount.” It will increase or decrease, as follows:
•
Your GWBL Benefit Base may be increased on each Contract Date Anniversary, as described below under “Annual Ratchet”; and
•
Your GWBL Benefit Base is not reduced by withdrawals except those withdrawals that cause total withdrawals in a Contract Year to exceed your Guaranteed Annual Withdrawal Amount (“Excess Withdrawal”). See “Effect of Excess Withdrawals” below.
Guaranteed Annual Withdrawal Amount. The Guaranteed Annual Withdrawal Amount may be withdrawn at any time during the Contract Year that begins on the Conversion Effective Date, or any subsequent Contract Year. You may elect one of our automated payment plans or you may take partial withdrawals. All withdrawals reduce your Account Value and GMDB. Any withdrawals taken during the 30 days after the Conversion Effective Date will be counted toward the Guaranteed Annual Withdrawal Amount, even if the withdrawal occurs before the Conversion Transaction Date. We will recalculate the Guaranteed Annual Withdrawal Amount on each Contract Date Anniversary and as of the date of any Excess Withdrawal, as described under “Effect of Excess Withdrawals” below. The withdrawal amount is guaranteed never to decrease as long as there are no Excess Withdrawals.
Your Guaranteed Annual Withdrawal Amounts are not cumulative. If you withdraw less than the Guaranteed Annual Withdrawal Amount in any Contract Year, you may not add the remainder to your Guaranteed Annual Withdrawal Amount in any subsequent year.
The Withdrawal Charge, if applicable, is waived for withdrawals up to the Guaranteed Annual Withdrawal Amount, but all withdrawals are counted toward your free withdrawal amount. See “Withdrawal Charge” in “CHARGES AND FEES.”
Your Guaranteed Annual Withdrawal Amount is calculated based on whether the benefit is based on a Single Life or Joint Life as described below:
Single life. If your GMIB is converted to a GWBL on a Single life basis, the Guaranteed Annual Withdrawal Amount will be equal to (1) either: (i) your Account Value on the Conversion Effective Date or (ii) your GMIB benefit base on the Conversion Effective Date, multiplied by (2) the relevant applicable percentage.
In calculating the relevant applicable percentage, we consider your Account Value and GMIB benefit base on the Conversion Effective Date. Your initial GWBL Benefit Base and applicable percentage will be determined by whichever combination of benefit base and percentage set forth in the table below results in a higher Guaranteed Annual Withdrawal Amount.
A – Applicable percentage of Account Value
B – Applicable percentage of GMIB benefit base
7.0%
6.0%
For example, if on the Conversion Effective Date the GMIB benefit base is $115,000, and your Account Value is $100,000, the Guaranteed Annual Withdrawal Amount would be $7,000. This is because $115,000 (the GMIB benefit base) multiplied by 6.0% (the percentage in Column B) equals only $6,900, while $100,000 (the Account Value) multiplied by 7.0% (the percentage in Column A) equals $7,000. Under this example, your initial GWBL Benefit Base would be $100,000, and your applicable percentage would be 7.0%.
On the other hand, if on the Conversion Effective Date the GMIB benefit base is $200,000, and your Account Value is $100,000, the initial Guaranteed Annual Withdrawal Amount would be $12,000. This is because $100,000 (the Account Value) multiplied by 7.0% (the percentage in Column A) equals only $7,000, while $200,000 (the GMIB benefit base) multiplied by 6.0% (the percentage in Column B) equals $12,000. Under this example, your initial GWBL Benefit Base would be $200,000, and your applicable percentage would be 6.0%.
The initial GWBL Benefit Base can be increased by an Annual Ratchet on each subsequent Contract Date Anniversary to equal the Account Value on that date if it is greater than the GWBL Benefit Base on that date. If the GWBL Benefit Base increases as the result of an Annual Ratchet, we will increase the charge at the time of the Annual Ratchet to the maximum charge permitted under the Contract. See “GWBL Charge” in “CHARGES AND FEES.”
If the initial GWBL Benefit Base and applicable percentage are calculated using your GMIB benefit base on the Conversion Effective Date (Column B above), and the GWBL Benefit Base is increased by an Annual Ratchet, then the applicable percentage will increase from 6.0% to 7.0%.
However, if the initial GWBL Benefit Base and applicable percentage are calculated using your Account Value on the Conversion Effective Date (Column A above), then an Annual Ratchet will not affect the Applicable percentage.
If the GWBL Benefit Base and/or the applicable percentage increases as the result of an Annual Ratchet, the Guaranteed Annual Withdrawal Amount will also increase.
If you take a withdrawal during the 30 days following the Conversion Effective Date, and your GMIB Is converted to the GWBL on a Single life basis, we will calculate whether that withdrawal exceeds the Guaranteed Annual Withdrawal Amount based on your GWBL Benefit Base and applicable percentage. If the withdrawal exceeds the Guaranteed Annual Withdrawal Amount on a Single life basis, the conversion will still occur, but we will inform you that there is an Excess Withdrawal.
Joint life. If you hold an IRA or Nonqualified Contract, you may elect a Joint life Contract if you meet the conditions described under “Successor Owner”. In order to convert your GMIB to a Joint life GWBL, you must affirmatively request that the benefit be converted. The automatic conversion of the GMIB to the GWBL at age 85 will create a Single life Contract with the GWBL, even if you and your spouse are joint Owners of your nonqualified Contract. You will be able to change your Contract to a Joint life Contract at a later date, before the first withdrawal is taken after the Conversion Transaction Date, if you meet the requirements described in this section. For Joint life Contracts, the percentages used in determining the applicable percentage and the Guaranteed Annual Withdrawal Amount will depend on the age of the younger spouse, as set forth in the following table.
Spouse’s age
A – Applicable percentage of Account Value
B – Applicable percentage of GMIB benefit base
85+
6.5%
5.0%
80-84
6.0%
4.5%
75-79
5.5%
4.0%
70-74
5.0%
3.5%
65-69
4.5%
3.0%
For example, if on the Conversion Effective Date your Account Value is $100,000, the GMIB benefit base is $220,000, and the younger spouse is age 72, the Guaranteed Annual Withdrawal Amount would be $7,700. This is because $100,000 (the Account Value) multiplied by 5.0% (the percentage in Column A for the younger spouse’s age band) equals only $5,000, while $220,000 (the GMIB benefit base) multiplied by 3.5% (the percentage in Column B for the younger spouse’s age band) equals $7,700. Under this example, your initial GWBL Benefit Base would be $220,000, and your applicable percentage would be 3.5%.
The initial GWBL Benefit Base can be increased by an Annual Ratchet on each subsequent Contract Date Anniversary to equal the Account Value on that date if it is greater than the GWBL Benefit Base on that date. If the GWBL Benefit Base increases as the result of an Annual Ratchet, we will increase the charge at the time of the Annual Ratchet to the maximum charge permitted under the Contract. See “GWBL Charge” in “CHARGES AND FEES.”
If the initial GWBL Benefit Base and applicable percentage are calculated using your GMIB benefit base on the Conversion Effective Date (Column B above), and the GWBL Benefit Base is increased by an Annual Ratchet, then the applicable percentage will increase to the percentage listed in Column A. In addition, if the younger spouse has entered a new age band at the time of a ratchet, the applicable percentage will increase to the percentage listed in Column A for that age band. Similarly, if the initial GWBL Benefit Base and applicable percentage are calculated using your Account Value on the Conversion Effective Date (Column A above), and the GWBL Benefit Base is increased by an Annual Ratchet in a year that the younger spouse has entered a new age band, the applicable percentage will increase to the percentage listed in Column A for that age band.
Using the example above, if the Account Value is $160,000 on the Contract Date Anniversary that the younger spouse is age 77, then the GWBL Benefit Base would ratchet to $160,000, the applicable percentage would increase to 5.5%, and your Guaranteed Annual Withdrawal Amount would increase to $8,800.
You may elect Joint life at any time before you begin taking withdrawals. If the GMIB has already converted to the GWBL on a Single life basis, the calculation of the initial applicable percentage and Guaranteed Annual Withdrawal Amount will be based on the younger spouse’s age on the Conversion Effective Date, not at the time you elect Joint life, even if the younger spouse is in a different age band at that time.
If you take a withdrawal during the 30 days following the Conversion Effective Date, you can still elect Joint life. We will recalculate your Guaranteed Annual Withdrawal Amount based on the younger spouse’s age. If the withdrawal does not exceed the recalculated Guaranteed Annual Withdrawal Amount, we will set up the GWBL on a Joint life basis. If the withdrawal exceeds the recalculated Guaranteed Annual Withdrawal Amount, we will offer you the option of either: (i) setting up the benefit on a Joint life basis and treating your withdrawal as an Excess Withdrawal, or (ii) setting up the benefit on a Single life basis.
Under a Joint life Contract, lifetime withdrawals are guaranteed for the life of both the Owner and the successor Owner.
Successor Owner. For Joint life IRA or Nonqualified Contracts, a successor Owner may only be named before the first withdrawal is taken after the 30th day following the Conversion Effective Date if your spouse is at least 65 on the Conversion Effective Date. (Withdrawals taken during the 30 days following the Conversion Effective Date will not bar you from selecting a Joint life Contract, but may affect your ability to elect Joint life if the withdrawals are too large. See “Effect of withdrawals during the 30 days following the Conversion effective date”.) If your spouse is younger than 65 on the Conversion Effective Date, you will not be able to elect a Joint life Contract. The successor Owner must be the Owner’s spouse. For Nonqualified Contracts, you have the option to designate the successor Owner as a joint Owner. See “Additional owner and annuitant Requirements” for more information regarding the requirements for naming a successor Owner.
If you and the successor Owner are no longer married, you may either: (i) remove the original successor Owner or (ii) replace the original successor Owner with your new spouse. This can only be done before the first withdrawal is taken after the 30th day following the Conversion Effective Date. If the successor Owner is removed before the first withdrawal is taken after the 30th day following the Conversion Effective Date, the applicable percentage will be based on the Owner’s life on a Single life basis. After the first withdrawal is taken after the 30th day following the Conversion Effective Date, the successor Owner can be removed but cannot be replaced. If the successor Owner is removed after the first withdrawal is taken after the 30th day following the Conversion Effective Date, the applicable percentage will continue to be based on the Joint life calculation described earlier in this section.
For Joint life Contracts owned by a non-natural Owner, a joint Annuitant may be named before the first withdrawal is taken after the 30th day following the Conversion Effective Date. The Annuitant and joint Annuitant must be spouses. If the Annuitant and joint Annuitant are no longer married, you may either: (i) remove the joint Annuitant or (ii) replace the original joint Annuitant with the Annuitant’s new spouse. This can only be done before the first withdrawal is taken after the 30th day following the Conversion Effective Date. If the joint Annuitant is removed before the first withdrawal is taken after the 30th day following the Conversion Effective Date, the applicable percentage will be based on the Annuitant’s life on a Single life basis. After the first withdrawal is taken after the 30th day following the Conversion Effective Date, the joint Annuitant may be removed but cannot be replaced. If the joint Annuitant is removed after the first withdrawal is taken after the 30th day following the Conversion Effective Date, the applicable percentage will continue to be based on the Joint life calculation described earlier in this section.
Joint life Qualified and 403(b) Contracts are not permitted in connection with this benefit. Loans are not permitted under 403(b) Contracts in which the GWBL is in effect. This benefit is not available under an Inherited IRA Contract. If you are using your Accumulator® or Accumulator® EliteSM Contract to fund a charitable remainder trust, you will have to take certain distribution amounts. You should consider split-funding so that those distributions do not adversely impact your GWBL. See “”Owner and Annuitant requirements” in “THE ANNUITY CONTRACT.”
Effect of Excess Withdrawals. For any withdrawal that causes cumulative withdrawals in a Contract Year to exceed your Guaranteed Annual Withdrawal Amount, the entire amount of that withdrawal and each subsequent withdrawal in that Contract Year are considered Excess Withdrawals.
An Excess Withdrawal can cause a significant reduction in both your GWBL Benefit Base and your Guaranteed Annual Withdrawal Amount. If you take an Excess Withdrawal, we will recalculate your GWBL Benefit Base and the Guaranteed Annual Withdrawal Amount, as follows:
•
The GWBL Benefit Base is reset as of the date of the Excess Withdrawal to equal the lesser of:
○
The GWBL Benefit Base immediately prior to the Excess Withdrawal, and
○
The Account Value immediately following the Excess Withdrawal; and
•
The Guaranteed Annual Withdrawal Amount is recalculated to equal the applicable percentage multiplied by the reset GWBL Benefit Base.
You should not convert your GMIB to a GWBL at age 85 if you plan to take withdrawals in excess of your Guaranteed Annual Withdrawal Amount as such withdrawals may significantly reduce or eliminate the value of the GWBL benefit. If your Account Value is less than your GWBL Benefit Base (due, for example, to negative market performance), an Excess Withdrawal, even one that is only slightly more than your Guaranteed Annual Withdrawal Amount, can significantly reduce your GWBL Benefit Base and the Guaranteed Annual Withdrawal Amount.
For example, assume your GWBL Benefit Base (based on the GMIB benefit base) is $100,000 and your Account Value is $80,000 when you decide to begin taking withdrawals at age 86, on a Single life basis. Your Guaranteed Annual Withdrawal Amount is equal to $6,000 (6.0% of $100,000). You take an initial withdrawal of $8,000. Because your GWBL Benefit Base is immediately reset to equal the lesser of your GWBL Benefit Base prior to the Excess Withdrawal ($100,000) and your Account Value immediately following the Excess Withdrawal ($80,000 minus $8,000), your GWBL Benefit Base is now $72,000. In addition, your Guaranteed Annual Withdrawal Amount is reduced to $4,320 (6.0% of $72,000), instead of the original $6,000. See “How Withdrawals Affect Your GWBL” in “WITHDRAWALS.”
Withdrawal charges, if applicable, are applied to the amount of the withdrawal that exceeds the greater of:
•
The Guaranteed Annual Withdrawal Amount; or
•
The 10% free withdrawal amount.
A Withdrawal Charge would not be applied in the example above because the $8,000 withdrawn (equal to 10% of the Contract’s Account Value as of the beginning of the Contract Year) falls within the 10% free withdrawal amount. Under the example above, additional withdrawals during the same Contract Year could result in a further reduction of the GWBL Benefit Base and the Guaranteed Annual Withdrawal Amount, as well as an application of Withdrawal Charges, if applicable. See “Withdrawal Charge” in “CHARGES AND FEES.”
You should note that an Excess Withdrawal that reduces your Account Value to zero terminates the Contract, including all benefits, without value. See “Effect of Your Account Value Falling to Zero” in “THE ANNUITY CONTRACT” section of this prospectus.
In general, if your Contract is a traditional IRA or 403(b) arrangement and you participate in our automatic RMD service, an automatic withdrawal under that program will not cause an Excess Withdrawal, even if it exceeds your Guaranteed Annual Withdrawal Amount. For more information, see “Lifetime Required Minimum Distribution (“RMD”) Withdrawals” in “WITHDRAWALS.”
Annual Ratchet. Your GWBL Benefit Base is recalculated on each Contract Date Anniversary to equal the greater of:
•
Your Account Value; and
•
Your most recent GWBL Benefit Base
If your Account Value is greater, we will increase your GWBL Benefit Base to equal your Account Value. We refer to this increase as an “Annual Ratchet.” For Joint life contracts, if your GWBL Benefit Base increases due to an Annual Ratchet on any Contract Date Anniversary after you begin taking withdrawals, your applicable percentage may increase based on your spouse’s attained age at the time of the Annual Ratchet. Your Guaranteed Annual Withdrawal Amount will also be increased, if applicable, to equal your applicable percentage times your new GWBL Benefit Base.
If your GWBL Benefit Base increases due to an Annual Ratchet, we will increase the charge for the benefit. Once we increase the charge, it is increased for the life of the Contract. We will permit you to opt out of the Annual Ratchet if the charge increases. If you choose to opt out, your charge will stay the same but your GWBL Benefit Base will no longer increase due to an Annual Ratchet. Upon request, we will permit you to accept a GWBL Benefit Base Annual Ratchet with the charge increase on a subsequent Contract Date Anniversary. For a description of the charge increase, see “GWBL Charge” in “CHARGES AND FEES.”
Additional Contributions. Additional contributions are generally not permitted. See “Additional Contributions” in “THE ANNUITY CONTRACT” section of this prospectus for more information. For Contracts that allow additional contributions, those contributions will not be allowed after the Conversion Transaction Date.
Investment Options. Your investment options will be limited to the Guaranteed Interest Option and the Subaccounts as noted at the end of “APPENDIX A – FUNDS AVAILABLE UNDER THE CONTRACT.” If your Account Value is invested in any other investment options as of the Conversion Transaction Date, you will be required to reallocate your Account Value among these investment options at the time you request that your GMIB be converted to the GWBL.
Automatic Conversion. If you take no action during the 30 days after the Conversion Effective Date, and permit your GMIB to convert to the GWBL automatically, we will reallocate any portion of your Account Value invested in investment options other than the Guaranteed Interest Option, and the GWBL Subaccounts as noted in “APPENDIX A – FUNDS AVAILABLE UNDER THE CONTRACT” to the EQ/Moderate Allocation Portfolio as part of the automatic conversion, on the Conversion Transaction Date. You will be able to reallocate your Account Value among the Guaranteed Interest Option, the EQ Allocation Portfolios, and the GWBL Subaccounts as noted in “APPENDIX A – FUNDS AVAILABLE UNDER THE CONTRACT” at any time after the Conversion Transaction Date, just as you would if you had affirmatively elected to convert. Also, if you permit the automatic conversion to occur, the conversion will initially create a Single life Contract with the GWBL, even if you and your spouse are joint Owners of your Nonqualified Contract, and you both meet the age requirements set forth earlier in this section. You will be able to change your Contract to a Joint life Contract at a later date, before the first withdrawal is taken after the Conversion Transaction Date, if you meet the requirements described under “Joint life”. In all other respects, the GWBL will function in exactly the same way after an automatic conversion as if you affirmatively elect to convert.
If the EQ/Moderate Allocation Portfolio is not being offered as part of your Contract as of the Conversion Transaction Date, we will automatically reallocate your Account Value to another designated Subaccount with a similar investment objective, which we will disclose to you before conversion. If no such Subaccount is being offered under your Contract at the time of conversion, we will reallocate your Account Value to the Guaranteed Interest Option.
Dollar Cost Averaging. Any DCA program in place on the date of conversion will be terminated. Any money remaining in the Account for Special DCA (for Accumulator® and Accumulator® EliteSM Contracts) or the Account for Special Money Market DCA (for Accumulator® PlusSM and Accumulator® SelectSM Contracts) on that date will be invested in the EQ/Moderate Allocation Portfolio. If the EQ/ Moderate Allocation Portfolio is not being offered as part of your Contract at the time of conversion, we will automatically reallocate such monies as described immediately above.
You may elect a new Fixed-Dollar DCA Program or Interest Sweep DCA Program after conversion, but the Special DCA program (for Accumulator® and Accumulator® EliteSM Contracts) or the Special Money Market DCA program (for Accumulator® PlusSM and Accumulator® SelectSM Contracts) and general DCA program will not be available after conversion. See “Dollar Cost Averaging (“DCA”)” in “OTHER BENEFITS.”
Rebalancing Your Account Value. Any rebalancing program in place on the date of conversion will be terminated. You may elect a new rebalancing program after conversion. See “Automatic Rebalancing” in “TRANSFERS AMOUNT YOUR INVESTMENT OPTIONS.”
Earnings Enhancement Benefit. If you elected the EEB, it will continue in force after conversion, although it may be adversely affected by withdrawals under the GWBL as it is no longer eligible to increase. We will continue to deduct the charge for this benefit as long it remains in effect. See “CHARGES AND FEES” for more information.
Guaranteed Minimum Death Benefit. The GMDB that is in effect before the conversion of the GMIB to the GWBL will continue to be in effect after the conversion, but there will be no further Annual Ratchets or Roll-ups as of the Contract Date Anniversary following age 85. We will continue to deduct the charge for these benefits as long they remain in effect. See “CHARGES AND FEES” for more information. See also “How Withdrawals Affect Your GMIB and GMDB” in “WITHDRAWALS” and “Spousal Continuation” in “DEATH BENEFITS.”
If you convert your GMIB to a GWBL on a Joint life basis, the GMDB that would otherwise have been payable at the death of the Owner (or the older joint Owner or the Annuitant or older joint Annuitant if the Contract is owned by a non-natural Owner) will be payable at the death of the second to die of the Owner and successor Owner (or both joint Annuitants if the Contract is owned by a non-natural Owner). Under certain circumstances, Roll-ups and Annual Ratchets may resume after the death of the older spouse, depending on the age of the younger spouse. See “Annuity Maturity Date” in “ANNUITY OPTIONS.”
Annuity Maturity Date. If your Contract is annuitized at maturity, we will offer an annuity Payout Option that guarantees you will receive payments that are at least equal to what you would have received under the GWBL. Any remaining GMDB value will be transferred to the annuity payout contract as your “minimum death benefit.” The minimum death benefit will be reduced pro rata by each payment. See “Annuity Maturity Date” in “ANNUITY OPTIONS.”
Effect of Your Account Value Falling to Zero. If your Account Value falls to zero due to an Excess Withdrawal, we will terminate your Contract and you will receive no further payments or benefits. If an Excess Withdrawal results in a withdrawal that equals more than 90% of your Cash Value and the remaining amount would be less than $2,500, we may treat your request as a surrender of your Contract even if your GWBL Benefit Base is greater than zero.
However, if your Account Value falls to zero, due to a withdrawal that is not an Excess Withdrawal or due to a deduction of charges, please note the following:
•
Your Contract’s other benefits will terminate and you will receive a supplemental contract setting forth your continuing benefits. The Owner of the Contract will be the Owner and Annuitant. The successor Owner, if applicable, will be the joint Annuitant. If the Owner is non-natural, the Annuitant and joint Annuitant, if applicable, will be the same as under your Contract;
•
If you were taking withdrawals through the Maximum Payment Plan, we will continue the scheduled withdrawal payments on the same basis;
•
If you were taking withdrawals through the Customized Payment Plan or in unscheduled partial withdrawals, we will pay the balance of the Guaranteed Annual Withdrawal Amount for that Contract Year in a lump sum. Payment of the Guaranteed Annual Withdrawal Amount will begin on the next Contract Date Anniversary;
•
Payments will continue at the same frequency for Single or Joint Life Contracts, as applicable, or annually if automatic payments were not being made;
•
Any GMDB remaining under the original Contract will be carried over to the supplemental contract. The death benefit will no longer grow and will be reduced on a dollar for dollar basis as payments are made. If there is any remaining death benefit upon the death of the Owner and successor Owner, if applicable, we will pay it to the beneficiary;
•
The charge for the GWBL and any enhanced death benefit will no longer apply; and
•
If at the time of your death the Guaranteed Annual Withdrawal Amount was being paid to you as a supplemental contract, your beneficiary may not elect the BCO.
Other Important Considerations. Other important considerations related to the GWBL are:
•
This benefit is not appropriate if you do not intend to take withdrawals prior to annuitization;
•
Amounts withdrawn in excess of your Guaranteed Annual Withdrawal Amount may be subject to a Withdrawal Charge, if applicable under your Contract, as described in “CHARGES AND FEES.” In addition, all withdrawals count toward your free withdrawal amount for that Contract Year. Excess Withdrawals can significantly reduce or completely eliminate the value of the GWBL. See “Effect of Excess Withdrawals” above and “How Withdrawals Affect Your GWBL” in “WITHDRAWALS”;
•
Withdrawals are not considered as annuity payments for tax purposes. See “FEDERAL TAX CONSIDERATIONS”;
•
All withdrawals reduce your Account Value and GMDB. See “How Withdrawals are Taken from Your Account Value” and “How Withdrawals Affect Your GWBL” in “WITHDRAWALS.”;
•
If you withdraw less than the Guaranteed Annual Withdrawal Amount in any Contract Year, you may not add the remainder to your Guaranteed Annual Withdrawal Amount in any subsequent year;
•
The GWBL benefit terminates if the Contract is continued under the Beneficiary Continuation Option or under the Spousal Continuation feature if the spouse is not the successor Owner;
•
If you surrender your Contract to receive its Cash Value and your Cash Value is greater than your Guaranteed Annual Withdrawal Amount, all benefits under the Contract will terminate, including the GWBL benefit;
•
If you transfer ownership of the Contract, you terminate the GWBL benefit. See “Transfers of Ownership and Collateral Assignments” in “OTHER INFORMATION”;
•
If you elect GWBL on a Joint Life basis and subsequently get divorced, your divorce will not automatically terminate the Contract. For both Joint Life and Single Life Contracts, it is possible that the terms of your divorce decree could significantly reduce or completely eliminate the value of this benefit. Any withdrawal made for the purpose of creating another contract for your ex-spouse will reduce the benefit base(s) as described in “How Withdrawals Affect Your GWBL”, even if pursuant to a divorce decree; and
•
Before you name a beneficiary and if you are considering whether your joint Owner/Annuitant or beneficiary is treated as your spouse, please be advised that civil union partners and domestic partners are not treated as spouses for federal purposes; in the event of a conflict between state and federal law we follow federal law in the determination of spousal status. See “Spousal Continuation” in “DEATH BENEFITS.”
Terminating the GWBL After Conversion.
You may terminate the GWBL from your Contract after conversion from the GMIB at age 85, subject to the following restrictions:
•
You may not terminate the GWBL if there are any Withdrawal Charges in effect under your Contract, including Withdrawal Charges applicable to additional contributions. If there are no Withdrawal Charges in effect under your Contract on the Conversion Effective Date, you may terminate the GWBL at any time;
•
The GWBL will be terminated from your Contract on the date we receive your election form in Good Order. If the GWBL is terminated on a date other than a Contract Date Anniversary, we will deduct a pro rata portion of the GWBL charge for that year, on that date;
•
If you terminate the GWBL, the investment limitations associated with that benefit will be lifted. You will be able to invest in any of the investment options offered under your Contract;
•
If you terminate the GWBL, you will be able to take loans from Rollover 403(b) Contracts (employer or plan approval required). See “Loans under Rollover 403(b) Contracts” in “WITHDRAWALS”: and
•
Generally, only contracts with the GWBL can have successor Owners. However, if your Contract has the GWBL with the Joint life option, the successor Owner under that Contract will continue to be deemed a successor Owner, even if you terminate the GWBL. The successor Owner will continue to have precedence over any designated beneficiary in the event of the Owner’s death.
Guaranteed Withdrawal Benefit for Life (GWBL) [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Maximum [Percent] 1.05%
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.80%
Item 10. Benefits Available [Line Items]  
Name of Benefit [Text Block] Guaranteed Withdrawal Benefit for Life (“GWBL”)
Purpose of Benefit [Text Block] Guarantees withdrawals up to a maximum amount per year to provide lifetime retirement income for the Owner.
Optional Benefit [Flag] true
Optional Benefit Expense (of Benefit Base), Maximum [Percent] 1.05%
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.80%
Brief Restrictions / Limitations [Text Block] Only available from conversion of GMIB on Contract Date. Anniversary following age 85Excess Withdrawals could significantly reduce or terminate benefit.Must elect within 30 days after the Contract Date Anniversary following age 85.Subject to restrictions on investment options.Credits under Accumulator® PlusSM Contracts are excluded from the calculation of the benefit base except to the extent the benefit base reflects increases in Account Value.
Name of Benefit [Text Block] Guaranteed Withdrawal Benefit for Life (“GWBL”)
Dollar Cost Averaging (DCA) [Member]  
Item 10. Benefits Available [Line Items]  
Name of Benefit [Text Block] Dollar Cost Averaging(General DCA, Account for Special DCA, Account for Special Money Market DCA, Fixed-Dollar DCA, and Interest Sweep DCA)
Purpose of Benefit [Text Block] Allows you to gradually allocate amounts to available investment options by periodically transferring approximately the same dollar amount to the investment options you select.
Standard Benefit [Flag] true
Brief Restrictions / Limitations [Text Block] Not generally available with Rebalancing.Some DCA programs are restricted to certain Contract classes.Account for Special DCA is not available if the GWBL is in effect.
Name of Benefit [Text Block] Dollar Cost Averaging(General DCA, Account for Special DCA, Account for Special Money Market DCA, Fixed-Dollar DCA, and Interest Sweep DCA)
Operation of Benefit [Text Block]
Dollar Cost Averaging (“DCA”)
We offer a variety of DCA programs. You may only participate in one program at a time. Each program allows you to gradually allocate amounts to available investment options by periodically transferring approximately the same dollar amount to the investment options you select. Regular allocations to the Subaccounts will cause you to purchase more Units if the Unit value is low and fewer Units if the Unit value is high. Therefore, you may get a lower average cost per Unit over the long term. These plans of investing, however, do not guarantee that you will earn a profit or be protected against losses. You may not make transfers to the Guaranteed Interest Option through a DCA program.
You may not participate in any DCA program if you are participating in the Option II Rebalancing Program. Under the Option I Rebalancing Program, you may participate in any of the DCA programs except General DCA and, for Accumulator® ® PlusSM and Accumulator® SelectSM Contract Owners, the Special Money Market DCA Program for additional contributions. You may only participate in one DCA program at a time. If your GMIB converts to the GWBL at age 85, that will terminate any DCA program you have in place at the time, and may limit your ability to elect a new DCA program after conversion. See “Guaranteed withdrawal benefit for life (“GWBL”).” Also, for information on how the DCA program you select may affect certain guaranteed benefits, see “Calculating your Roll-up Benefit Base Following a Transfer” in “TRANSFERS AMONG YOUR INVESTMENT OPTIONS” and “Death Benefit Options” in “DEATH BENEFITS.”
We do not deduct a transfer charge for any transfer made in connection with our DCA programs. Not all DCA programs are available in all states. See “APPENDIX E – STATE CONTRACT AVAILABILITY AND/OR VARIATIONS OF CERTAIN FEATURES AND BENEFITS” for more information on state availability.
For information about DCA programs available for new contributions, see “Allocating Contributions Among the Available Investment Options” in “THE ANNUITY CONTRACT.”
General DCA Program. If your value in the Subaccount that invests in the EQ/Money Market Fund is at least $5,000, you may choose, at any time, to have a specified dollar amount or percentage of your value transferred from that option to any of the other available Subaccounts. Please see “APPENDIX E – STATE CONTRACT AVAILABILITY AND/OR VARIATIONS OF CERTAIN FEATURES AND BENEFITS” for more information on state availability or certain restrictions in your state.
You can select to have transfers made on a monthly, quarterly or annual basis. The transfer date will be the same calendar day of the month as the Contract Date, but not later than the 28th day of the month. You can also specify the number of transfers or instruct us to continue making the transfers until all amounts in the Subaccount that invests in the EQ/Money Market Fund have been transferred out. The minimum amount that we will transfer each time is $250.
If, on any transfer date, your value in the Subaccount that invests in the EQ/Money Market Fund is equal to or less than the amount you have elected to have transferred, the entire amount will be transferred. The General DCA Program will then end. You may change the transfer amount once each Contract Year or cancel this program at any time.
We may, at any time, exercise our right to terminate transfers to any of the Subaccounts and to limit the number of Subaccounts which you may elect.
The General DCA Program is not available if the GMIB converts to the GWBL at age 85.
Account for Special DCA. The Account for Special DCA is only available to Accumulator® and Accumulator® EliteSM Contract Owners. Under this program, you may choose to allocate all or a portion of any eligible contribution to the Account for Special DCA. Contributions into the Account for Special DCA may not be transfers from other investment options. Your initial allocation to any Account for Special DCA time period must be at least $2,000 and any additional contribution to that same time period must be at least $250. You may only have one time period in effect at any time and once you select a time period, you may not change it. In Pennsylvania, we refer to this program as “enhanced rate dollar cost averaging.”
You may have your value in the Account for Special DCA transferred to any of the Subaccounts available under your Contract. We will transfer amounts from the Account for Special DCA into the Subaccounts over an available time period that you select. We offer time periods of 3, 6 or 12 months, during which you will receive an enhanced interest rate. We may also offer other time periods. Your financial professional can provide information on the time periods and interest rates currently available in your state, or you may contact us. Contribution(s) made to an Account for Special DCA will be credited with the then current interest rate on the date the contribution is received by the Company for the time period initially selected by you. Once the time period you selected has run, you may then select another time period for future contributions. At that time, you may also select a different allocation for transfers to the Subaccounts, or, if you wish, we will continue to use the selection that you have previously made. Currently, your value in the Account for Special DCA will be transferred from the Account for Special DCA into the Subaccounts on a monthly basis. We may offer this program in the future with transfers on a different basis.
We will transfer all amounts out of the Account for Special DCA by the end of the chosen time period. The transfer date will be the same day of the month as the Contract Date, but not later than the 28th day of the month. The first transfer date and each subsequent transfer date for the time period selected will be one month from the date the first contribution is made into the Account for Special DCA, but not later than the 28th day of the month. If the transfer date is later than the 28th day of the month, then the transfer date will be the 28th day of the month.
If you choose to allocate only a portion of an eligible contribution to the Account for Special DCA, the remaining balance of that contribution will be allocated to the Subaccounts and/or Guaranteed Interest Option according to your instructions.
The only transfers that will be made from the Account for Special DCA are your regularly scheduled transfers to the Subaccounts. No amounts may be transferred from the Account for Special DCA to the Guaranteed Interest Option. If you request to transfer or withdraw any other amounts from the Account for Special DCA, we will transfer all of the value that you have remaining in the Account for Special DCA to the investment options according to the allocation percentages for special dollar cost averaging we have on file for you. You may ask us to cancel your participation at any time. We may, at any time, exercise our right to terminate transfers to any of the Subaccounts and to limit the number of Subaccounts which you may elect.
The Account for Special DCA Program is not available if the GMIB converts to the GWBL at age 85.
Account for Special Money Market DCA Program. The Account for Special Money Market DCA program is only available to Accumulator® PlusSM and Accumulator® SelectSM Contract Owners. You may dollar cost average from the Account for Special Money Market DCA option (which is part of the EQ/Money Market investment option) into any of the other Subaccounts. Please see “APPENDIX A – FUNDS AVAILABLE UNDER THE CONTRACT.”
You may elect to participate in a 3, 6 or 12 month program at any time subject to the age limitation on contributions described in this Prospectus.
Contributions into the Account for Special Money Market DCA must be new contributions. In other words, you may not make transfers from amounts allocated in other Subaccounts to initiate the program. You must allocate your entire initial contribution into the Account for Special Money Market DCA if you are selecting the program at the time you apply for your Contract. Thereafter, contributions to any new program must be at least $2,000. Contributions to an existing program must be at least $250. You may only have one program in effect at any time.
Each month, we will transfer your amounts in the Account for Special Money Market DCA into the other Subaccounts you select. Once the time period you selected has expired, you may then select to participate in the Special Money Market DCA program for an additional time period. At that time, you may also select a different allocation for monthly transfers from the Account for Special Money Market DCA to the Subaccounts, or, if you wish, we will continue to use the selection that you have previously made.
Currently, the monthly transfer date from the Account for Special Money Market DCA option will be the same as your Contract Date, but not later than the 28th day of the month. For a program selected after application, the first transfer date and each subsequent transfer date will be one month from the date the first contribution is made into the program, but not later than the 28th day of the month. All amounts will be transferred out by the end of the time period in effect.
The only amounts that should be transferred from the Account for Special Money Market DCA option are your regularly scheduled transfers to the Subaccounts. If you request to transfer or withdraw any other amounts from the Account for Special Money Market DCA, we will transfer all of the value you have remaining in the Account to the Subaccounts according to the allocation percentages we have on file for you. You may cancel your participation in the program at any time by notifying us in writing. We may, at any time, exercise our right to terminate transfers to any of the Subaccounts and to limit the number of Subaccounts which you may elect.
The Account for Special Money Market DCA Program is not available if the GMIB converts to the GWBL at age 85.
Fixed-Dollar DCA Program. Under this program you may elect to have a fixed-dollar amount transferred out of the Guaranteed Interest Option and into the Subaccounts of your choice. Only certain Subaccounts are available if the GMIB converts to the GWBL at age 85. Please see “APPENDIX A – FUNDS AVAILABLE UNDER THE CONTRACT.” Transfers may be made on a monthly, quarterly or annual basis. You can specify the number of transfers or instruct us to continue to make transfers until all available amounts in the Guaranteed Interest Option have been transferred out.
In order to elect the Fixed-Dollar DCA program, you must have a minimum of $5,000 in the Guaranteed Interest Option on the date we receive your election form. The transfer date will be the same calendar day of the month as the Contract Date but not later than the 28th day of the month. The minimum transfer amount is $50. Unlike the Account for Special DCA that is available for additional contributions (available in Accumulator® and Accumulator® EliteSM Contracts only), the Fixed-Dollar DCA program does not offer enhanced rates. Also, this program is subject to the Guaranteed Interest Option transfer limitations described above. While the program is running, any transfer that exceeds those limitations will cause the program to end for that Contract Year. You will be notified. You must send in a request form to resume the program in the next or subsequent Contract Years.
If, on any transfer date, your value in the Guaranteed Interest Option is equal to or less than the amount you have elected to have transferred, the entire amount will be transferred, and the program will end. You may change the transfer amount once each Contract Year or cancel this program at any time. We may, at any time, exercise our right to terminate transfers to any of the Subaccounts and to limit the number of Subaccounts which you may elect.
Interest Sweep DCA Program. Under this program, you may elect to have monthly transfers from amounts in the Guaranteed Interest Option into the Subaccounts of your choice. Only certain Subaccounts are available if the GMIB converts to the GWBL at age 85. Please see “APPENDIX A – FUNDS AVAILABLE UNDER THE CONTRACT.” The transfer date will be the last Business Day of the month. The amount we will transfer will be the interest credited to amounts you have in the Guaranteed Interest Option from the last Business Day of the prior month to the last Business Day of the current month. You must have at least $7,500 in the Guaranteed Interest Option on the date we receive your election. We will automatically cancel the Interest Sweep DCA program if the amount in the Guaranteed Interest Option is less than $7,500 on the last day of the month for two months in a row. For the Interest Sweep DCA program, the first monthly transfer will occur on the last Business Day of the month following the month that we receive your election form. We may, at any time, exercise our right to terminate transfers to any of the Subaccounts and to limit the number of Subaccounts which you may elect.
Automatic Rebalancing [Member]  
Item 10. Benefits Available [Line Items]  
Name of Benefit [Text Block] Automatic Rebalancing (Option 1 allows rebalancing among the Subaccounts; Option 2 allows rebalancing among the Subaccounts and the Guaranteed Interest Option)
Purpose of Benefit [Text Block] Allows you to periodically reallocate your Account Value among your investment options to maintain your desired investment mix.
Standard Benefit [Flag] true
Brief Restrictions / Limitations [Text Block] Not generally available with DCA.Subject to restrictions on investment options.
Name of Benefit [Text Block] Automatic Rebalancing (Option 1 allows rebalancing among the Subaccounts; Option 2 allows rebalancing among the Subaccounts and the Guaranteed Interest Option)
Operation of Benefit [Text Block]
Automatic Rebalancing
We currently offer two automatic rebalancing programs that you can use to reallocate your Account Value among your investment options. Under Option I you can rebalance your Account Value among the Subaccounts. Under Option II you can rebalance among the Subaccounts and the Guaranteed Interest Option.
To enroll in one of our automatic rebalancing programs, you must notify us in writing or through the Venerable client portal and tell us:
•
The percentage you want invested in each investment option (whole percentages only), and
•
How often you want the rebalancing to occur (quarterly, semiannually, or annually on a Contract Year basis).
Unless requested otherwise, automatic rebalancing will occur on the same day of the month as the Contract Date. If a Contract is established after the 28th, automatic rebalancing will occur on the first Business Day of the month following the Contract Date. If you elect quarterly automatic rebalancing, the rebalancing in the last quarter of the Contract Year will occur on the Contract Date Anniversary.
You may elect or terminate the automatic rebalancing program at any time. You may also change your allocations under the program at any time. Once enrolled in the automatic rebalancing program, it will remain in effect until you instruct us to terminate the program. Additionally, the automatic rebalancing program will terminate if you request an investment option transfer separate from those made through the automatic rebalancing program. Changes to your allocation instructions for the rebalancing program (or termination of your enrollment in the program) must be in writing and sent to us. Termination requests can be made online through the Venerable client portal. See “How to reach us” in “The Company.” There is no charge for the rebalancing feature.
Automatic Rebalancing does not assure a profit or protect against loss. You should periodically review your allocation percentages as your needs change. You may want to discuss the automatic rebalancing program with your financial professional before electing to participate in the program.
While your rebalancing program is in effect, we will transfer amounts among the investment options so that the percentage of your Account Value that you specify is invested in each option at the end of each rebalancing date. At any time, however, we may exercise our right to terminate transfers to any of the Subaccounts and to limit the number of Subaccounts which you may elect.
If you select Option II, you will be subject to our rules regarding transfers from the Guaranteed Interest Option to the Subaccounts. These rules are described above. Under Option II, a transfer into or out of the Guaranteed Interest Option to initiate the rebalancing program will not be permitted if such transfer would violate these rules. If this occurs, the rebalancing program will not go into effect.
You may not elect Option I if you are participating in the General DCA program. You may not elect Option II if you are participating in any DCA program. If your GMIB converts to the GWBL at age 85, that will terminate any rebalancing program you have in place at the time. See “GWBL” in “WITHDRAWALS.” You may elect a new rebalancing program after your current rebalancing program is terminated by this event.
If you elect a benefit that limits your Subaccounts, those limitations will also apply to the automatic rebalancing programs.
Automatic Withdrawals [Member]  
Item 10. Benefits Available [Line Items]  
Name of Benefit [Text Block] Automatic Withdrawals(Automatic Payment Plans, Systematic Withdrawals, Substantially Equal Withdrawals, Dollar for Dollar Withdrawals, and Lifetime Required Minimum Distribution (“RMD”) Withdrawals)
Purpose of Benefit [Text Block] Allow you to take withdrawals of a specific amount on a monthly, quarterly, semi-annual or annual basis.
Standard Benefit [Flag] true
Brief Restrictions / Limitations [Text Block] Withdrawal Charges and income taxes, including a 10% additional tax before age 59½, may apply to amounts withdrawn.Some automatic withdrawal programs are restricted to certain types of Qualified Contracts.Automatic withdrawals may not be available with other optional benefits.
Name of Benefit [Text Block] Automatic Withdrawals(Automatic Payment Plans, Systematic Withdrawals, Substantially Equal Withdrawals, Dollar for Dollar Withdrawals, and Lifetime Required Minimum Distribution (“RMD”) Withdrawals)
Operation of Benefit [Text Block]
Automatic Withdrawals
Automatic Payment Plans (Only for Contracts with GWBL)
You may take automatic withdrawals under either the Maximum Payment Plan or the Customized Payment Plan, as described below. Under either plan, you may take withdrawals on a monthly, quarterly, semi-annual or annual basis. You may change the payment frequency of your withdrawals at any time, and the change will become effective on the next Contract Date Anniversary.
You may elect either the Maximum Payment Plan or the Customized Payment Plan at any time after your GMIB converts to the GWBL. You must wait at least 28 days from the Conversion effective date before automatic payments begin. We will make the withdrawals on any day of the month that you select as long as it is not later than the 28th day of the month. However, you must elect a date that is more than three calendar days prior to your Contract Date Anniversary.
Maximum Payment Plan. Our Maximum Payment Plan provides for the withdrawal of the Guaranteed Annual Withdrawal Amount in scheduled payments. The amount of the withdrawal will increase on Contract Date Anniversaries with an Annual Ratchet.
If you elect the Maximum Payment Plan and start monthly or quarterly payments after the beginning of a Contract Year, the payments you take that year will be less than your Guaranteed Annual Withdrawal Amount.
If you take a partial withdrawal while the Maximum Payment Plan is in effect, we will terminate the plan. You may enroll in the plan again at any time, but the scheduled payments will not resume until the next Contract Date Anniversary.
Customized Payment Plan. Our Customized Payment Plan provides for the withdrawal of a fixed amount not greater than the Guaranteed Annual Withdrawal Amount in scheduled payments. The amount of the withdrawal will not be increased on Contract Date Anniversaries with an Annual Ratchet. You must elect to change the scheduled payment amount.
It is important to note that if you elect the Customized Payment Plan and start monthly or quarterly withdrawals after the beginning of a Contract Year, you could select scheduled payment amounts that would cause an Excess Withdrawal. If your selected scheduled payment would cause an Excess Withdrawal, we will notify you. As discussed elsewhere in this Prospectus, Excess Withdrawals may significantly reduce the value of the GWBL benefit. See “GWBL” in “OPTIONAL LIVING BENEFITS.”
If you take a partial withdrawal while the Customized Payment Plan is in effect, we will terminate the plan. You may enroll in the plan again at any time, but the scheduled payments will not resume until the next Contract Date Anniversary.
Systematic Withdrawals (All Contracts except Inherited IRA and Qualified Contracts)
You may elect to take systematic withdrawals at any time, except if the GMIB has converted to the GWBL at age 85. You may take systematic withdrawals of a particular dollar amount or a particular percentage of your Account Value. (Rollover 403(b) Contracts may have restrictions and employer or plan approval is required.)
You may take systematic withdrawals on a monthly, quarterly or annual basis as long as the withdrawals do not exceed the following percentages of your Account Value on the date of the withdrawal: 0.8% monthly, 2.4% quarterly and 10.0% annually. The minimum amount you may take in each systematic withdrawal is $250. If the amount withdrawn would be less than $250 on the date a withdrawal is to be taken, we will not make a payment and we will terminate your systematic withdrawal election.
If the Withdrawal Charges on your Contract have expired, you may elect a systematic withdrawal option in excess of the Account Value percentages described above, up to 100% of your Account Value. However, if you elect a systematic withdrawal option in excess of these limits, and make an additional contribution to your Contract, the systematic withdrawal option will be terminated. You may then elect a new systematic withdrawal option within the limits described in the preceding paragraph. Please note that Withdrawal Charges do not apply to Accumulator® SelectSM Contracts.
If you have guaranteed benefits based on a Roll-up Benefit Base and your aggregate systematic withdrawals during any Contract Year exceed your Roll-up rate multiplied by your guaranteed benefit base as of your most recent Contract Date Anniversary, your benefit base will be reduced on a pro rata basis and could result in a benefit base reduction that is greater than the withdrawal amount. See “How Withdrawals Affect Your GMIB and GMDB” in “WITHDRAWALS.”
If you elect our systematic withdrawal program, you may request to have your withdrawals made on any day of the month, subject to the following restrictions:
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You must select a date that is more than three calendar days prior to your Contract Date Anniversary; and
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You cannot select the 29th, 30th or 31st.
If you do not select a date, we will make the withdrawals the same day of the month as the day we receive your request to elect the program, subject to the same restrictions listed above.
You may change the payment frequency, or the amount or percentage of your systematic withdrawals, once each Contract Year. However, you may not change the amount or percentage in any Contract Year in which you have already taken a partial withdrawal. You can cancel the systematic withdrawal option at any time. You may not elect to start taking systematic withdrawals if the GMIB has converted to the GWBL at age 85.
For all Contracts except Accumulator® SelectSM, systematic withdrawals are not subject to a Withdrawal Charge, except to the extent that, when added to a partial withdrawal previously taken in the same Contract Year, the systematic withdrawal exceeds the 10% free withdrawal amount.
If you are taking systematic withdrawals at the time the GMIB converts to the GWBL at age 85, the conversion will not terminate your systematic withdrawals. Continuing your systematic withdrawals after conversion may result in an Excess Withdrawal. You should consider terminating your systematic withdrawals and electing an automatic payment plan in connection with the conversion to the GWBL.
If you are over age 85, your enhanced death benefit bases will no longer be eligible to increase. Any withdrawals after your 85th birthday will permanently reduce the value of your benefit.
Substantially Equal Withdrawals (Rollover IRA, Roth Conversion IRA, Flexible Premium IRA and Flexible Premium Roth IRA Contracts)
You may elect to take substantially equal withdrawals at any time before age 59½. We offer our ‘‘substantially equal withdrawals option’’ to allow you to receive distributions from your Account Value without triggering the 10% additional federal income tax, which normally applies to distributions made before age 59½. See ‘‘FEDERAL TAX CONSIDERATIONS’’. We use one of the IRS-approved methods for doing this; this is not the exclusive method of meeting this exception. After consultation with your tax adviser, you may decide to use another method which would require you to compute amounts yourself and request partial withdrawals. In such a case, a Withdrawal Charge may apply (if applicable under your Contract). Once you begin to take substantially equal withdrawals, you should not:
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Stop them;
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Change the pattern of your withdrawals (e.g., take an additional partial withdrawal) because you could become liable for the 10% additional federal tax that would have otherwise been due on prior withdrawals made under this option and for any interest on the delayed payment of the tax; or
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Contribute any more to the Contract until after the later of age 59½ or five full years after the first withdrawal.
If you have guaranteed benefits based on a Roll-up Benefit Base and your aggregate substantially equal withdrawals during any Contract Year exceed your Roll-up rate multiplied by your guaranteed benefit base as of your most recent Contract Date Anniversary, your benefit base will be reduced on a pro rata basis and could result in a benefit base reduction that is greater than the withdrawal amount. See “How Withdrawals Affect your GMIB and GMDB” in “WITHDRAWALS.”
In accordance with IRS guidance, an individual who has elected to receive substantially equal withdrawals may make a one-time change, without penalty, from one of the IRS-approved methods of calculating fixed payments to another IRS-approved method (similar to the required minimum distribution rules) of calculating payments which vary each year.
We will make the withdrawal on any day of the month that you select as long as it is not later than the 28th day of the month. However, you must elect a date that is more than three calendar days prior to your Contract Date Anniversary. We will calculate the amount of your substantially equal withdrawals using the IRS-approved method we offer. The payments will be made monthly, quarterly or annually as you select. These payments will continue until (i) we receive written notice from you to cancel this option; (ii) you take an additional partial withdrawal; or (iii) you contribute any more to the Contract. You may elect to start receiving substantially equal withdrawals again, but the payments may not restart in the same calendar year in which you took a partial withdrawal or added amounts to the Contract. We will calculate the new withdrawal amount.
For all Contracts except Accumulator® SelectSM, substantially equal withdrawals that we calculate for you are not subject to a Withdrawal Charge, except to the extent that, when added to a partial withdrawal previously taken in the same Contract Year, the substantially equal withdrawal exceeds the free withdrawal amount (see “10% Free Withdrawal Amount” in “CHARGES AND FEES”).
Also, the substantially equal withdrawal program is not available if the GMIB has converted to the GWBL at age 85.
If you are over age 85, your enhanced death benefit bases will no longer be eligible to increase. Any withdrawals after your 85th birthday will permanently reduce the value of your benefit.
Lifetime Required Minimum Distribution (“RMD”) Withdrawals (Rollover IRA, Flexible Premium IRA and Rollover 403(b) Contracts only — See “FEDERAL TAX CONSIDERATIONS” for more information.)
We offer our automatic required minimum distribution (“RMD”) service to help you meet lifetime required minimum distributions under federal income tax rules. This is not the exclusive way for you to meet these rules. After consultation with your tax adviser, you may decide to compute required minimum distributions yourself and request partial withdrawals. In such a case, a Withdrawal Charge may apply (if applicable under your Contract). Before electing this account based withdrawal option, you should consider whether annuitization might be better in your situation. If you have elected an optional benefit with a Roll-up Benefit Base, and amounts withdrawn from the Contract to meet RMDs exceed your Roll-up rate multiplied by your guaranteed benefit base as of your most recent Contract Date Anniversary, your benefit base will be reduced on a pro rata basis and could result in a guaranteed benefit base reduction that is greater than the withdrawal amount. If you are over age 85, your enhanced death benefit bases will no longer be eligible to increase. Any withdrawals after your 85th birthday will permanently reduce the value of your benefit. See “How Withdrawals affect your GMIB and GMDB” in “WITHDRAWALS.”
Also, the actuarial present value of additional Contract benefits must be added to the Account Value in calculating RMD withdrawals from 403(b) and IRA Contracts, which could increase the amount required to be withdrawn. Please refer to ‘‘FEDERAL TAX CONSIDERATIONS.”
The minimum amount we will pay out is $250. Currently, minimum distribution withdrawal payments will be made annually. See “Required minimum distributions” in “FEDERAL TAX CONSIDERATIONS” for your specific type of retirement arrangement.
See “Lifetime Required Minimum Distributions (401(a), 401(k), 403(b), and IRAs) in “FEDERAL TAX CONSIDERATIONS.” for a discussion of the “applicable age” by which RMDs must begin. We will send a form outlining the distribution options available in the year you reach the “applicable age” if you have not begun your annuity payments before that time.
We do not impose a Withdrawal Charge on RMD withdrawals taken through our automatic RMD service except if, when added to a partial withdrawal previously taken in the same Contract Year, the minimum distribution withdrawal exceeds the 10% free withdrawal amount. Please note that Withdrawal Charges do not apply to Accumulator® SelectSM Contracts.
Under Rollover 403(b) Contracts, you may not elect our automatic RMD service if a loan is outstanding.
For Contracts with GWBL. Generally, if you elect our automatic RMD service, any lifetime required minimum distribution payment we make to you under our automatic RMD service will not be treated as an Excess Withdrawal.
If you elect either the Maximum Payment Plan or the Customized Payment Plan AND our automatic RMD service, we will make an extra payment, if necessary, in December, prior to the end of the calendar year, that will equal your lifetime RMD less all payments made through November 30th and any scheduled December payment. The combined automatic plan payments and lifetime RMD payment will not be treated as Excess Withdrawals, if applicable. However, if you take any partial withdrawals in addition to your lifetime RMD and automatic payment plan payments, your applicable automatic payment plan will be terminated. Also, the partial withdrawals may cause an Excess Withdrawal and may be subject to a Withdrawal Charge (if applicable under your Contract). You may enroll in the plan again at any time, but the scheduled payments will not resume until the next Contract Date Anniversary. Further, your GWBL Benefit Base and Guaranteed Annual Withdrawal Amount may be reduced. See “Effect of Excess Withdrawals” in “OPTIONAL LIVING BENEFITS.”
If you elect our automatic RMD service and elect to take your Guaranteed Annual Withdrawal Amount in partial withdrawals without electing one of our available automatic payment plans, we will make a payment, if necessary, in December, prior to the end of the calendar year, that will equal your required minimum distribution less all withdrawals made through November 30th. If prior to December 1st you make a partial withdrawal that exceeds your Guaranteed Annual Withdrawal Amount, but not your RMD amount, that partial withdrawal will be treated as an Excess Withdrawal, as well as any subsequent partial withdrawals made during the same Contract Year. However, if by the date of your December automatic RMD payment your withdrawals have not exceeded your RMD amount, the RMD payment we make to you will not be treated as an Excess Withdrawal.
If you are enrolled in our automatic RMD service and are taking systematic withdrawals at the time the GMIB is converted to the GWBL at age 85, we will make a payment, if necessary, in December, prior to the end of the calendar year, that will equal your RMD less all withdrawals made through November 30th and any scheduled December systematic withdrawal payment. If by December 1st, or by the date of any scheduled December systematic withdrawal payment, your systematic withdrawals have equaled or exceeded your RMD amount, any withdrawal that exceeds the Guaranteed Annual Withdrawal Amount will be treated as an Excess Withdrawal.
For Contracts with GMIB. Cumulative withdrawals, including RMD payments using our automatic RMD service, will reduce your GMIB benefit base on a pro rata basis. See “How Withdrawals Affect Your GMIB and GMDB” in “WITHDRAWALS.”
Owners of IRA and 403(b) Contracts generally should not reset the Roll-up Benefit Base if lifetime RMDs must begin before the end of the new exercise waiting period. See “OPTIONAL LIVING BENEFITS.”
Loans [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 2.00%
Item 10. Benefits Available [Line Items]  
Name of Benefit [Text Block] Loans
Purpose of Benefit [Text Block] Allows you to take a loan from your Account Value.
Standard Benefit [Flag] true
Optional Benefit Expense (of Benefit Base), Current [Percent] 2.00%
Brief Restrictions / Limitations [Text Block] Only available under Rollover 403(b) Contracts with employer or plan approval.Not available with automatic RMD service.Subject to minimum and maximum restrictions.Not permitted if the GWBL is in effect.
Name of Benefit [Text Block] Loans
Operation of Benefit [Text Block]
Loans under Rollover 403(b) Contracts
Loans under a Rollover 403(b) Contract are not permitted without employer or plan approval. We will not permit you to take a loan or have a loan outstanding while you are enrolled in our automatic RMD service or if the GWBL option is in effect.
If you elected the GMIB and there is a loan outstanding under a Rollover 403(b) Contract on the Conversion effective date or the Conversion transaction date, the GMIB cannot convert to the GWBL. If you want to convert your GMIB to the GWBL, you must pay off the loan before the Conversion effective date. See “Guaranteed Withdrawal Benefit for Life (“GWBL”)” in “BENEFITS AVAILABLE UNDER THE CONTRACT.”
Loans are subject to federal income tax limits and are also subject to the limits of the plan. The loan rules under ERISA may apply to plans not sponsored by a governmental employer. Federal income tax rules apply to all plans, even if the plan is not subject to ERISA.
A loan will not be treated as a taxable distribution unless:
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It exceeds limits of federal income tax rules;
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Interest and principal are not paid when due; or
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In some instances, service with the employer terminates.
Taking a loan in excess of the Tax Code limits may result in adverse tax consequences.
Before we make a loan, you must properly complete and sign a loan request form. Loan processing may not be completed until we receive all information and approvals required to process the loan.
We will permit you to have only one loan outstanding at a time. The minimum loan amount is $1,000. The maximum amount is the lowest of:
•
The greater of:
○
50% of your Cash Value, less any outstanding loan balance; or
○
$10,000 less any outstanding loan balance;
•
$50,000 less the highest outstanding loan balance in the last 12 months; or
•
The greater of:
○
90% of your Cash Value; or
○
Your Cash Value less $2,500.
The term of a loan is five years. However, if you use the loan to acquire your primary residence, the term may be up to 15 years. The term may not extend beyond the earliest of:
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The date annuity payments begin;
•
The date the Contract terminates; and
•
The date a death benefit is paid (the outstanding loan, including any accrued but unpaid loan interest, will be deducted from the death benefit amount).
A loan request under your Rollover 403(b) Contract will be processed on the Business Day on which the properly completed loan request form is received. Interest will accrue daily on your outstanding loan at a rate we set. The loan interest rate is currently set at 6%. Please see “APPENDIX E - STATE CONTRACT AVAILABILITY AND/OR VARIATIONS OF CERTAIN FEATURES AND BENEFITS” for any state rules that may affect loans from a 403(b) Contract.
Tax consequences for failure to repay a loan when due are substantial, and may result in severe restrictions on your ability to borrow amounts under any plans of your employer in the future.
Loan reserve account. On the date your loan is processed, we will transfer the amount of your loan to the “loan reserve account.” Unless you specify otherwise, we will subtract your loan on a pro rata basis from your value in the Subaccounts and the Guaranteed Interest Option. If those amounts are insufficient, we will deduct all or a portion of the loan from the Account for Special DCA (for Accumulator® and Accumulator® EliteSM Contracts) or the Account for Special Money Market DCA (for Accumulator® PlusSM and Accumulator® SelectSM Contracts). Amounts held in the loan reserve account do not participate in the investment experience of the Subaccounts or any other investment option under the Contract and, therefore, may affect your Account Value and death benefit whether or not the loan is repaid.
For the period of time your loan is outstanding, the loan reserve account rate we will credit will equal the loan interest rate minus a maximum rate of 2%. When you make a loan repayment, unless you specify otherwise, we will transfer the dollar amount of the loan repaid and the amount of interest earned from the loan reserve account to the investment options according to the allocation percentages we have on our records. For Accumulator® PlusSM Contracts, loan repayments are not considered contributions and therefore, are not eligible for additional Credits.
If you elected a guaranteed benefit that provides a 6% (or greater) roll-up, a loan will effectively reduce the growth rate of your guaranteed benefits because the Roll-up to Age 85 benefit base rolls up at 3% with respect to amounts allocated to the loan reserve account. For more information, see “Death Benefit Options” in “DEATH BENEFITS” and “Calculating Your Roll-up Benefit Base Following a Transfer” in “TRANSFERS AMONG YOUR INVESTMENT OPTIONS.”
Repayment. You are required to establish a repayment schedule when initiating a loan. Repayment terms may vary but will end at the end of the term of the loan. When you initiate a loan, a repayment amount is determined and you choose whether to repay the loan over the term on a monthly or quarterly basis. Once chosen, your repayment term and frequency cannot be changed. You may always pay more than the agreed upon repayment amount, and you may pay off the loan before the end of its term.
Loan repayments received will reduce the outstanding loan balance and such amounts, net of loan interest, will be transferred on a pro rata basis from the loan reserve account to the investment options in which your Account Value is then allocated.
Past Due Loans. A loan will become past due when a scheduled payment has not been received. Any loan payments made on a past due loan will apply to the oldest delinquent payment first for the purposes of avoiding defaulting on the loan. Any amount past due for more than three months will cause the loan to be in default.
Defaulted Loans. When a loan is in default the outstanding loan amount, including accrued interest, is treated as a normal disbursement for tax purposes and will be reported as a taxable distribution to the IRS. The distribution may be subject to tax penalties under Tax Code. If you have defaulted on a loan, interest will continue to accumulate on the balance until the loan is paid or you have a distributable event. Additionally, certain other tax rules apply to distributions from the Contract. See “FEDERAL TAX CONSIDERATIONS - Taxation of Qualified Contracts” for additional information.
Withdrawals to Repay a Loan. You may take a withdrawal from your Contract to make a loan payment or repay a loan that is in default, but any such withdrawal will be subject to the normal consequences of a withdrawal, including possible Withdrawal Charges. We cannot apply any amount withdrawn directly to a loan repayment. Rather, you will need to take the withdrawal and return the loan payment to us with a personal check or in another accepted method of payment.
Risk of Loss [Member]  
Item 3. Key Information [Line Items]  
Risk [Text Block]
Yes. The Contract is subject to the risk of loss. You could lose some or all of your Account Value. For additional information about the risk of loss see “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT“ in the Prospectus.
Item 5. Principal Risks [Line Items]  
Principal Risk [Text Block] Risk of Loss. All investments have risks to some degree and it is possible that you could lose money by investing in the Contract. An investment in the Contract is not a deposit with a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Not Short Term Investment Risk [Member]  
Item 3. Key Information [Line Items]  
Risk [Text Block]
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. A Withdrawal Charge may apply in certain circumstances and any withdrawals may also be subject to federal and state income taxes and tax penalties.
For additional information about the investment profile of the Contract, see “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT“ in the Prospectus
Item 5. Principal Risks [Line Items]  
Principal Risk [Text Block] The Contract is Not a Short-Term Investment. The Contract is not appropriate if you need ready access to cash because the Contract is designed to provide for the accumulation of retirement savings and income on a long-term basis. Withdrawal Charges may apply for up to eight years after each contribution. They will reduce the value of your Contract if you withdraw money from or surrender your Contract during that time. The benefits of tax deferral and the optional living benefit protections also mean the Contract is more beneficial to investors with a long-term investment time horizon.
Investment Options Risk [Member]  
Item 3. Key Information [Line Items]  
Risk [Text Block]
An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options available under the Contract (e.g., the Funds). Each investment option, including the Guaranteed Interest Option, has its own unique risks. You should review the investment options available under the Contract, including the Fund prospectuses, before making an investment decision.
For additional information about the risks associated with the investment options available under the Contract, see “PRINCIPAL RISKS OF INVESTING IN THE CONTRACT,” “The Guaranteed Interest Option” in “AVAILABLE INVESTMENT OPTIONS“ and “APPENDIX A – FUNDS AVAILABLE UNDER THE CONTRACT“ in the Prospectus.
Insurance Company Risk [Member]  
Item 3. Key Information [Line Items]  
Risk [Text Block]
An investment in the Contract is subject to risks related to the Company. The Company is solely responsible to the Contract Owner for the Contract’s Account Value and the guaranteed benefits. The general obligations, including the Guaranteed Interest Option and any guaranteed benefits under the Contract are supported by our general account and are subject to our claims paying ability. A Contract Owner should look solely to our financial strength for our claims-paying ability. More information about the Company, including our financial strength ratings, is available upon request by writing to Customer Service at P.O. Box 9271, Des Moines, Iowa 50306-9271 or calling 1-800-366-0066.
For additional information about insurance company risks see “About Our General Account” in “OTHER INFORMATION“ in the Prospectus.
Contract Changes Risk [Member]  
Item 5. Principal Risks [Line Items]  
Principal Risk [Text Block] Contract Changes Risk. We reserve the right to:Close or remove subaccounts to future investment and to substitute Subaccounts that are currently available under the Contract. See “Addition, Deletion or Substitution of Subaccounts and Other Changes“ for more information;Suspend electronic trading privileges for those that are found to have violated our Excessive Trading Policy. See “TRANSFERS AMONG YOUR INVESTMENT OPTIONS - Excessive Trading Policy” for more information; andIncrease current charges for certain living benefits, but not above the guaranteed maximum charges allowed. See “CHARGES AND FEES” and “OPTIONAL LIVING BENEFITS” for more information.
Risk of Poor Investment Performance_ [Member]  
Item 5. Principal Risks [Line Items]  
Principal Risk [Text Block] Risk of Poor Investment Performance. You should regularly evaluate the Contract’s long-term investment potential and risks. For amounts you allocate to the Subaccounts of the Separate Account:Your values will fluctuate with the markets, interest rates and the performance of the underlying Funds;You assume the risk that your values may decline or not perform to your expectations;Each Fund has various investment risks, and some options are riskier than others;There is no assurance that any of the Funds will achieve its stated investment objective;The particular risks associated with each Fund are detailed in the Fund’s prospectus;You should read each Fund’s prospectus and understand the risks associated with it before allocating Account Value to its corresponding Subaccount; andIf you request a full surrender or apply your entire Account Value to a non-life contingent annuity payout option, the applicable Withdrawal Charge percentage will be applied to the total amount of each contribution subject to a Withdrawal Charge, even if your Account Value is less than the sum of your contributions because of poor investment performance and/or fees and charges. The Withdrawal Charge assessed may be greater than the amount that would be assessed if the Withdrawal Charge percentage was applied only to the amount actually surrendered or annuitized.For amounts you allocate to the Guaranteed Interest Option or Account for Special DCA:Interest rates we declare will change over time to reflect then current market conditions; andYou assume the risk that interest rates for the specified periods in the future may be less than current interest rates for the same or similar periods.You should monitor and periodically re-evaluate your allocations to determine if they are still appropriate given your financial goals, investment time horizon and risk tolerance.
Insurance Company and Business Continuity Risk_ [Member]  
Item 5. Principal Risks [Line Items]  
Principal Risk [Text Block] Insurance Company and Business Continuity Risk. All obligations, guarantees, and benefits of the Contract including those associated with the Guaranteed Interest Option, are subject to the financial strength and claims paying ability of the Company. If the Company experiences financial distress, it may not be able to meet its obligations to you. More information about the Company, including its financial strength, is available on request by writing to Customer Service at P.O. Box 9271, Des Moines, Iowa 50306-9271 or calling 1-800-366-0066.All businesses are subject to potential business disruption because of, among other things, power outages, weather related events, natural disasters and public health and safety concerns, including those associated with pandemics. To help prepare for these types of events, the Company has adopted a comprehensive approach to planning for possible disruptions to its critical business operations that allows it to quickly react in the event of a crisis or other major event. This approach includes crisis management, business continuity, business impact, disaster recovery and crisis communication elements that are regularly monitored and tested so as to reduce the risk that our business operations are materially disrupted for a significant period of time.
Cyber-Security Risks_ [Member]  
Item 5. Principal Risks [Line Items]  
Principal Risk [Text Block] Cyber-Security Risks. Like others in our industry, we are subject to operational and information security risks resulting from “cyber-attacks,” “hacking” or similar illegal or unauthorized intrusions into computer systems and networks. These risks include, among other things, the theft, misuse, corruption, and destruction of data maintained online or digitally, denial of service attacks on websites, and other operational disruption and unauthorized release of confidential customer information. Although we seek to limit our vulnerability to such risks through technological and other means and we rely on industry standard commercial technologies to maintain the security of our information systems, it is not possible to anticipate or prevent all potential forms of cyber-attack or to guarantee our ability to fully defend against all such attacks. In addition, due to the sensitive nature of much of the financial and similar personal information we maintain, we may be at particular risk for targeting.Cyber-attacks affecting us, any third-party administrator, the underlying Funds, intermediaries and other affiliated or third-party service providers may adversely affect us and your Contract value. For instance, cyber-attacks may interfere with our processing of Contract transactions, including the processing of orders from our website or with the underlying Funds, impact our ability to calculate Unit values, cause the release and possible destruction of confidential customer or business information, impede order processing, subject us and/or our service providers and intermediaries to regulatory fines and financial losses and/or cause reputational damage. Cyber security risks may also affect the issuers of securities in which the underlying Funds invest, which may cause the Funds underlying your Contract to lose value. There can be no assurance that we or the underlying Funds or our service providers will avoid losses affecting your Contract that result from cyber-attacks or information security breaches in the future.
Possible Adverse Tax Consequences_ [Member]  
Item 5. Principal Risks [Line Items]  
Principal Risk [Text Block] Possible Adverse Tax Consequences. The tax considerations associated with the Contract vary and can be complicated. The applicable tax rules can differ, depending on the type of Contract you own – non-qualified, traditional IRA, Roth IRA or Qualified Contract. The tax consequences discussed in this Prospectus are general in nature and describe only federal income tax law (not state, local, foreign, or other federal tax laws). Moreover, the tax aspects that apply to a particular person’s Contract may vary depending on the facts applicable to that person. Tax rules may change without notice. We cannot predict whether, when, or how these rules could change. Any change could affect Contracts purchased before the change. Congress may also consider further proposals to comprehensively reform or overhaul the United States tax and retirement systems, which if enacted, could affect the tax benefits of a Contract. We cannot predict what, if any, legislation will actually be proposed or enacted. Before making contributions to your Contract or taking other action related to your Contract, you should consult with a tax professional to determine the tax implications of an investment in, and payments received under, the Contract.Withdrawals are generally subject to income tax, and may be subject to an additional tax if taken before age 59½.
Accumulator PlusSM Contracts_ [Member]  
Item 5. Principal Risks [Line Items]  
Principal Risk [Text Block] Accumulator® PlusSM Contracts. The fees and charges for Accumulator® PlusSM Contracts are higher than for other Accumulator® Contracts and the amount of the Credit may be more than offset by these higher fees and charges. Credits may be recaptured upon annuitization and death. Because the exact dollar amount of the Credits is recaptured in these circumstances, you will retain any gains or losses attributable to the investment experience of the recaptured Credits while they were allocated to your Contract. Withdrawals taken during the first EFLIC Contract Year may limit Credits for additional contributions. We may limit or stop accepting contributions, which means that you may no longer receive additional Credits but you will still be subject to the higher fees and charges for the Accumulator® PlusSM Contract. Additionally, except to the extent they increase your Account Value, Credits are not included when calculating any of your benefit bases under the optional benefits. See “Credits” in “THE ANNUITY CONTRACT“ for more information.
Contract Benefit Risk [Member]  
Item 5. Principal Risks [Line Items]  
Principal Risk [Text Block] Contract Benefit Risk. The availability of certain investment options is limited if guaranteed benefits are elected. We may limit or stop accepting contributions and transfers to the Subaccounts which means that you may no longer increase your Account Value and the benefit bases associated with your guaranteed benefits through contributions and transfers. Excess Withdrawals may terminate or significantly reduce the value of your optional benefits.If you elected the Greater of 6% Roll-up to Age 85 or Annual Ratchet to Age 85 enhanced death benefit and you choose to invest in the investment options with a lower Roll-up rate, you will still be subject to the same charge for the benefit that you would be subject to if you invested exclusively in the investment options with a higher Roll-up rate despite receiving a lower Roll-up rate for your investment in the investment options with a lower Roll-up rate. See “Calculating Your Roll-up Benefit Base Following a Transfer” in  ”TRANSFERS AMONG YOUR INVESTMENT OPTIONS.”Subaccount selection and withdrawals can impact and reduce the death benefits and living benefits available under the Contract See “BENEFITS AVAILABLE UNDER THE CONTRACT,” and for more details about each benefit, please see the corresponding section in this prospectus.
Accumulator [Member]  
Item 3. Key Information [Line Items]  
Surrender Charge Phaseout Period, Years | Years 7
Surrender Charge (of Purchase Payments) Maximum [Percent] 7.00%
Surrender Charge Example Maximum [Dollars] $ 7,000
Item 4. Fee Table [Line Items]  
Administrative Expense, Current [Dollars] $ 30
Base Contract Expense (of Average Account Value), Current [Percent] 1.30%
Surrender Expense, 1 Year, Maximum [Dollars] $ 12,163
Surrender Expense, 3 Years, Maximum [Dollars] 21,860
Surrender Expense, 5 Years, Maximum [Dollars] 32,076
Surrender Expense, 10 Years, Maximum [Dollars] 57,605
No Surrender Expense, 1 Year, Maximum [Dollars] 5,163
No Surrender Expense, 3 Years, Maximum [Dollars] 15,860
No Surrender Expense, 5 Years, Maximum [Dollars] 27,076
No Surrender Expense, 10 Years, Maximum [Dollars] $ 57,605
Accumulator [Member] | Net Loan Interest Charge [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 2.00%
Item 10. Benefits Available [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 2.00%
Accumulator [Member] | GMDB - Annual Ratchet to Age 85 [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.25%
Item 10. Benefits Available [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.25%
Accumulator [Member] | GMDB - Greater of 6% Roll-up to Age 85 or Annual Ratchet to Age 85 [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.95%
Item 10. Benefits Available [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.95%
Accumulator [Member] | Earnings Enhancement Benefit (EEB) [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.35%
Item 10. Benefits Available [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.35%
Accumulator [Member] | Guaranteed Minimum Income Benefit (GMIB) [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 1.05%
Item 10. Benefits Available [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 1.05%
Accumulator [Member] | Guaranteed Withdrawal Benefit for Life (GWBL) [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 1.05%
Item 10. Benefits Available [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 1.05%
Accumulator [Member] | Wire Transfer Charge [Member]  
Item 4. Fee Table [Line Items]  
Other Transaction Fee, Current [Dollars] $ 35
Accumulator [Member] | Express Mail Charge [Member]  
Item 4. Fee Table [Line Items]  
Other Transaction Fee, Current [Dollars] 90
Accumulator [Member] | Duplicate Contract Charge [Member]  
Item 4. Fee Table [Line Items]  
Other Transaction Fee, Current [Dollars] $ 35
Accumulator PlusSM [Member]  
Item 3. Key Information [Line Items]  
Surrender Charge Phaseout Period, Years | Years 9
Surrender Charge (of Purchase Payments) Maximum [Percent] 8.00%
Surrender Charge Example Maximum [Dollars] $ 8,000
Item 4. Fee Table [Line Items]  
Administrative Expense, Current [Dollars] $ 30
Base Contract Expense (of Average Account Value), Current [Percent] 1.55%
Surrender Expense, 1 Year, Maximum [Dollars] $ 13,412
Surrender Expense, 3 Years, Maximum [Dollars] 23,581
Surrender Expense, 5 Years, Maximum [Dollars] 34,320
Surrender Expense, 10 Years, Maximum [Dollars] 59,651
No Surrender Expense, 1 Year, Maximum [Dollars] 5,412
No Surrender Expense, 3 Years, Maximum [Dollars] 16,581
No Surrender Expense, 5 Years, Maximum [Dollars] 28,230
No Surrender Expense, 10 Years, Maximum [Dollars] $ 59,651
Accumulator PlusSM [Member] | Net Loan Interest Charge [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 2.00%
Item 10. Benefits Available [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 2.00%
Accumulator PlusSM [Member] | GMDB - Annual Ratchet to Age 85 [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.25%
Item 10. Benefits Available [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.25%
Accumulator PlusSM [Member] | GMDB - Greater of 6% Roll-up to Age 85 or Annual Ratchet to Age 85 [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.95%
Item 10. Benefits Available [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.95%
Accumulator PlusSM [Member] | Earnings Enhancement Benefit (EEB) [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.35%
Item 10. Benefits Available [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.35%
Accumulator PlusSM [Member] | Guaranteed Minimum Income Benefit (GMIB) [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 1.05%
Item 10. Benefits Available [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 1.05%
Accumulator PlusSM [Member] | Guaranteed Withdrawal Benefit for Life (GWBL) [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 1.05%
Item 10. Benefits Available [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 1.05%
Accumulator PlusSM [Member] | Wire Transfer Charge [Member]  
Item 4. Fee Table [Line Items]  
Other Transaction Fee, Current [Dollars] $ 35
Accumulator PlusSM [Member] | Express Mail Charge [Member]  
Item 4. Fee Table [Line Items]  
Other Transaction Fee, Current [Dollars] 90
Accumulator PlusSM [Member] | Duplicate Contract Charge [Member]  
Item 4. Fee Table [Line Items]  
Other Transaction Fee, Current [Dollars] $ 35
Accumulator EliteSM [Member]  
Item 3. Key Information [Line Items]  
Surrender Charge Phaseout Period, Years | Years 4
Surrender Charge (of Purchase Payments) Maximum [Percent] 8.00%
Surrender Charge Example Maximum [Dollars] $ 8,000
Item 4. Fee Table [Line Items]  
Administrative Expense, Current [Dollars] $ 30
Base Contract Expense (of Average Account Value), Current [Percent] 1.65%
Surrender Expense, 1 Year, Maximum [Dollars] $ 13,512
Surrender Expense, 3 Years, Maximum [Dollars] 22,868
Surrender Expense, 5 Years, Maximum [Dollars] 28,689
Surrender Expense, 10 Years, Maximum [Dollars] 60,455
No Surrender Expense, 1 Year, Maximum [Dollars] 5,512
No Surrender Expense, 3 Years, Maximum [Dollars] 16,868
No Surrender Expense, 5 Years, Maximum [Dollars] 28,689
No Surrender Expense, 10 Years, Maximum [Dollars] $ 60,455
Accumulator EliteSM [Member] | Net Loan Interest Charge [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 2.00%
Item 10. Benefits Available [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 2.00%
Accumulator EliteSM [Member] | GMDB - Annual Ratchet to Age 85 [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.25%
Item 10. Benefits Available [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.25%
Accumulator EliteSM [Member] | GMDB - Greater of 6% Roll-up to Age 85 or Annual Ratchet to Age 85 [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.95%
Item 10. Benefits Available [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.95%
Accumulator EliteSM [Member] | Earnings Enhancement Benefit (EEB) [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.35%
Item 10. Benefits Available [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.35%
Accumulator EliteSM [Member] | Guaranteed Minimum Income Benefit (GMIB) [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 1.05%
Item 10. Benefits Available [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 1.05%
Accumulator EliteSM [Member] | Guaranteed Withdrawal Benefit for Life (GWBL) [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 1.05%
Item 10. Benefits Available [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 1.05%
Accumulator EliteSM [Member] | Wire Transfer Charge [Member]  
Item 4. Fee Table [Line Items]  
Other Transaction Fee, Current [Dollars] $ 35
Accumulator EliteSM [Member] | Express Mail Charge [Member]  
Item 4. Fee Table [Line Items]  
Other Transaction Fee, Current [Dollars] 90
Accumulator EliteSM [Member] | Duplicate Contract Charge [Member]  
Item 4. Fee Table [Line Items]  
Other Transaction Fee, Current [Dollars] 35
Accumulator SelectSM [Member]  
Item 4. Fee Table [Line Items]  
Administrative Expense, Current [Dollars] $ 30
Base Contract Expense (of Average Account Value), Current [Percent] 1.70%
Surrender Expense, 1 Year, Maximum [Dollars] $ 5,562
Surrender Expense, 3 Years, Maximum [Dollars] 17,012
Surrender Expense, 5 Years, Maximum [Dollars] 28,918
Surrender Expense, 10 Years, Maximum [Dollars] 60,853
No Surrender Expense, 1 Year, Maximum [Dollars] 5,562
No Surrender Expense, 3 Years, Maximum [Dollars] 17,012
No Surrender Expense, 5 Years, Maximum [Dollars] 28,918
No Surrender Expense, 10 Years, Maximum [Dollars] $ 60,853
Accumulator SelectSM [Member] | Net Loan Interest Charge [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 2.00%
Item 10. Benefits Available [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 2.00%
Accumulator SelectSM [Member] | GMDB - Annual Ratchet to Age 85 [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.25%
Item 10. Benefits Available [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.25%
Accumulator SelectSM [Member] | GMDB - Greater of 6% Roll-up to Age 85 or Annual Ratchet to Age 85 [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.95%
Item 10. Benefits Available [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.95%
Accumulator SelectSM [Member] | Earnings Enhancement Benefit (EEB) [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.35%
Item 10. Benefits Available [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 0.35%
Accumulator SelectSM [Member] | Guaranteed Minimum Income Benefit (GMIB) [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 1.05%
Item 10. Benefits Available [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 1.05%
Accumulator SelectSM [Member] | Guaranteed Withdrawal Benefit for Life (GWBL) [Member]  
Item 4. Fee Table [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 1.05%
Item 10. Benefits Available [Line Items]  
Optional Benefit Expense (of Benefit Base), Current [Percent] 1.05%
Accumulator SelectSM [Member] | Wire Transfer Charge [Member]  
Item 4. Fee Table [Line Items]  
Other Transaction Fee, Current [Dollars] $ 35
Accumulator SelectSM [Member] | Express Mail Charge [Member]  
Item 4. Fee Table [Line Items]  
Other Transaction Fee, Current [Dollars] 90
Accumulator SelectSM [Member] | Duplicate Contract Charge [Member]  
Item 4. Fee Table [Line Items]  
Other Transaction Fee, Current [Dollars] $ 35
[1]
1 The Annual Administrative Charge is deducted from your Account Value on each Contract Date Anniversary. If the Contract is surrendered or annuitized or a death benefit is paid on any date other than the Contract Date Anniversary, we will deduct a pro rata portion of the administrative charge for that year. If your Account Value on a Contract Date Anniversary is $50,000 or more there is no charge. During the first two Contract Years this charge, if applicable, is equal to the lesser of $30 or 2% of your Account Value. Thereafter, the charge, if applicable, is $30 for each Contract Year.
[2]
* These are the minimum and maximum Fund fees and expenses before any expense reimbursements or fee waiver arrangements. Please note that the Fund fees shown in APPENDIX A are after (net of) any expense reimbursements or fee waiver arrangements.
[3]
2 Deducted annually on each Contract Date Anniversary for which the benefit is in effect. If the Contract is surrendered or annuitized or a death benefit is paid, or the benefit is terminated (if applicable) on any date other than the Contract Date Anniversary, we will deduct a pro rata portion of the charge for that year.
[4]
2 The Express Mail Charge is currently $20. The Wire Transfer Charge is currently waived. The Duplicate Contract Charge is currently waived. We may increase these charges up to the maximum shown and/or discontinue the waivers at any time, with or without notice.
[5]
3 The benefit base is not an Account Value or Cash Value. If you elected the GMIB and/or the GMDB when you purchased your EFLIC Contract, your initial benefit base was equal to your initial contributions to your EFLIC Contract. For Accumulator® PlusSM Contracts, your initial benefit base did not include the Credit. Subsequent adjustments to the applicable benefit base may result in a benefit base that is significantly different from your total contributions or Account Value. See “Death Benefit Options” in “DEATH BENEFITS” and “Guaranteed Minimum Income Benefit (“GMIB”)” and “Guaranteed Withdrawal Benefit for Life (“GWBL”)” in “OPTIONAL LIVING BENEFITS.”
[6]
4 The current charge is 0.80%. We will increase this charge to 0.95% if you elect to reset the Roll-up Benefit Base. This benefit was only available if you elected the GMIB, and was not available in all states.
[7]
5 If you elected the EEB and your GMIB then converts to the GWBL at age 85, the EEB will continue in force after conversion, although it may be adversely affected by withdrawals under the GWBL.
[8]
6 The current charge is 0.80%. We will increase this charge to 1.05% if you elect to reset your Roll-up Benefit Base on any Contract Date Anniversary. See “Enhanced Death Benefit Charges” in “CHARGES AND FEES”. The charge was not increased for any reset prior to April 1, 2013, under the EFLIC Contract.
[9]
7 The current charge is 0.80%. If your GWBL Benefit Base is increased by an Annual Ratchet, we will increase this charge to 1.05%. An Annual Ratchet occurs when your benefit base is increased to equal your Account Value on a Contract Date Anniversary. See “GWBL” in “OPTIONAL LIVING BENEFITS” for more information about this feature, including its benefit base and the Annual Ratchet provision, and “GWBL Charge” in “CHARGES AND FEES” for more information about this charge.
[10]
8 If the GMIB increases before the conversion effective date at age 85, the GWBL benefit charge will equal the GMIB charge at the time of conversion, which could be as high as 1.05%.
[11]
9 The net loan interest charge is the difference between the rate of interest we charge you for a loan and the rate of interest we credit on the amount in your loan reserve account. In no event will the net loan interest charge exceed 2.00%. See “Loans under Rollover 403(b) Contracts” in “OTHER BENEFITS” for more information on how the loan interest is calculated and for restrictions that may apply.
[12]
1 Deducted upon surrender, annuitization under a non-life contingent annuity payout option, or a withdrawal of amounts in excess of the 10% free withdrawal amount, if applicable. The Withdrawal Charge percentage we use is determined by the number of years since receipt of the contribution to which the charge relates. For each contribution, we consider the Contract Year in which that contribution was received to be “year 1.” See “Charges and Fees – Withdrawal Charge” for additional information.
[13]
1 The first Example reflects the assessment of Withdrawal Charges (if applicable) calculated based on the time of investment in the Contract. However, the time your contributions were invested in the EFLIC Contract is taken into account for purposes of determining whether a Withdrawal Charge applies to those contributions under the Contract. If you elect to exchange your EFLIC Contract for the Contract, and at the time of the exchange no Withdrawal Charges applied to the contributions under your EFLIC Contract, no Withdrawal Charges would apply to those contributions under the Contract.
[14]
* The interest charge is the difference between the rate of interest we charge you for a loan and the rate of interest we credit the amount in your loan reserve account. In no event will the net loan interest charge exceed 2.00%.
[15]
1 Current Expenses are each Fund’s total net annual operating expenses and reflect any temporary expense reimbursements or fee waiver arrangements that are in place and reported in the Fund’s prospectus.
[16]
2 Not all Subaccounts are available under all Contracts. If you purchased your EFLIC Contract after approximately February 17, 2009, only these Subaccounts are available for investment through your Contract. All Subaccounts listed are available for investment through EFLIC Contracts purchased before that date.