Equitable enhances its flagship buffered annuity, or RILA
November 17, 2020 by Editorial Staff
Available on Nov. 23, the eight new options add to the Dual Direction feature on Equitable’s Structured Capital Strategies Plus buffered annuity.
‘When Equitable introduced the buffered annuity in 2010, it created not just a new kind of annuity but a new category of annuity, the RILA (registered index-linked annuity). Since then, sales have steadily grown. Equitable’s competitors have introduced similar products.