Equitable Adds a Loss Reverser Annuity Feature: Annuity Market Update
May 13, 2020 by Allison Bell
Equitable has added a variable indexed annuity feature that may help the purchaser convert a stock market drop into a crediting rate gain.
Equitable is offering the new Dual Direction feature along with the Structured Capital Strategies Plus buffered annuities.
An annuity owner can use the feature together with a crediting rate option linked to the performance of the S&P 500 stock index.
If the S&P 500 index falls up to 10% over a six-year period, then an owner who pays for the Dual Direction feature will get a positive return equal to the percentage of the decline, up to a limit of 10%, according to Equitable.