EQUI-VEST Series 201 (Roth Eligible)
Product ID: 153
Type:
Variable Annuity
$250
1%
6 Years / 5.00%
Yes
Roth Eligible
Add to Compare
Add to Compare
Add to Favorites
Add to Favorites
Set as My Product
Set as My Product
Enrollment and Questions
Use the following contact information to enroll or ask questions.
E-mail:
Address:
Website:
Phone:
(855) 205-2494
E-mail:
Address:
EQUI-VEST Processing Office
8501 IBM Drive, Suite 150-GR
Charlotte, NC 28262-4333
8501 IBM Drive, Suite 150-GR
Charlotte, NC 28262-4333
In-person:
Questions about enrollment?
View the Contact Information tab on the Vendor Details page for a list of office locations.
View the Contact Information tab on the Vendor Details page for a list of office locations.
- Product Details
- Fees and Charges
- Investment Options
EQUI-VEST Series 201 allows participants to select from a diversified group of more than 100 investment options that provide competitive current interest rates and guarantee safety of principal. As an Equitable client, investors also receive face-to-face service with a licensed financial advisor and the ability to view information and initiate transactions through equitable.com. Investors should refer to the EQUI-VEST product prospectus for additional information prior to investing.
Select the topics below to expand and view additional product details
Asset Rebalancing is available on a quarterly, semiannual, or annual basis. A minimum account value of $5,000 is required to elect this feature. We offer two rebalancing methods to automatically reallocate your account value among:
• Variable investment options, or
• Variable investment options and the GIO.
This feature enables you to pursue a dollar cost averaging strategy in the way that best meets your individual needs and risk tolerance. You can transfer a fixed dollar amount, or interest only from the Guaranteed Interest Option (GIO) to the variable investment option(s) of your choice on a monthly basis. Interest Sweep: You can transfer only the interest from the GIO to the variable investment options on a monthly basis. For this option a minimum of $7,500 must be maintained in the GIO: Fixed Dollar Amount: Transfer a fixed dollar amount from the GIO to the variable investment options on a monthly basis. A minimum account balance of $5,000 is required to elect this option.
EQUI-VEST® guarantees the greater of total contributions (adjusted for any withdrawals on a pro rata basis) less any outstanding loan balance and accrued loan interest or the annuity account value less any outstanding loan balance and accrued loan interest.
Depending on your plan provisions, EQUI-VEST Series 201 can accommodate requests for loans. For Non ERISA plans: Minimum loan - $500 if your annuity account value is at least $3,750. Except as explained below, the maximum loan amount is 50% of your annuity account value up to a maximum of $50,000. - if your annuity account value is at least $3,750 but less than $12,500 you can borrow up to 80% of your annuity account value; if your annuity account value is between $12,500 - $20,000 you can borrow up to 10,000; if your annuity account balance is over $20,000 you can borrow up to 50% of your annuity account value.
The Internal Revenue Code generally requires that you start taking distributions from your 403(b) contract beginning either when you retire or reach age 73, whichever is later. Equitable will notify you of the requirement to take minimum distributions. We will also notify you of an option available to you that calculates and distributes your required annual minimum distribution. This option assumes that the EQUI-VEST TSA Series 201 contract is the only one subject to IRS distribution requirements. You need a minimum account balance of $2,000 to enroll in the RMD automatic withdrawal option.
Yes
This option guarantees payments for the rest of your life, and after your death payments will continue to survivor. Unless the annuitant elects otherwise with the written consent of the spouse, this will be the form of annuity payment provided for married annuitants for TSAs that are subject to ERISA.
This payout option guarantees payments for the rest of your life. Payments end with the last monthly payment prior to death. Because there is no continuation of benefits, this payout option provides the highest monthly payment of any of the life annuity options, so long as you are living.
This payout option guarantees payments for the rest of your life. If you die before the end of a selected period of time ("period certain"), payments continue to the beneficiary for the balance of the period certain. The period certain cannot extend beyond your life expectancy.
This payout option guarantees payments for the rest of your life. If you die before the amount applied to purchase the annuity option has been recovered, payments will continue to the beneficiary until that amount has been recovered. This payout option is available only as a fixed annuity.
Internal Revenue Code Section 403(b) places restrictions on certain withdrawals from 403(b) plans. Contributions to a 403(b) plan and earnings may not be withdrawn until you: 1) Attain age 59 1/2 ; 2) Sever from employment with the employer who provided the 403(b) funds ; 3) Die ; 4) Become disabled in accordance with the provisions of the Internal Revenue Code.
This payout option guarantees payments for a specific period of time, usually 5, 10, 15 or 20 years. The guarantee period may not exceed the annuitant's life expectancy. This option does not guarantee payments for the rest of your life - it will only continue for the time frame that you select. Additionally, you cannot use a portion of your account value to purchase this option. The entire account balance must be used to purchase this option.
All 403(b) products contain fees. The amount of fees varies greatly depending on the product. A slight increase in fees can
substantially reduce the growth in your account which will reduce your income in retirement. To learn more about the impact
of fees, and the different types of fees please refer to the
Explanation of Fees piece located in the
Help & Resources.
Fees
|
|
$30.00 | Annually | Flat Dollar Amount | Yes | No | No |
|
|
1.20% | Annually | Percent of Amount Invested | No | No | No |
Surrender Charges
| Surrender Period* | Surrender Percentage |
|---|---|
| 1 | 5.00% |
| 2 | 5.00% |
| 3 | 5.00% |
| 4 | 5.00% |
| 5 | 5.00% |
| 6 | 5.00% |
*Expressed in contract years
Surrender Penalty Charge assessed on a "rolling" basis:
The Withdrawal charge is equal to 5% of any contribution withdrawn attributable to contributions made during the current and 5 prior contract yrs measured from the date of the withdrawal. Will no longer apply after the completion of 12 contract yrs.
Exceptions to the Surrender Charge:
Other Restrictions:
Exceptions to the Surrender Charge:
Percent of contract value:
10.00%
Death:
Yes
Disability:
Yes
Financial Hardship:
Yes
Nursing Home or Other Medical Expenses:
Yes
- 5 contract years and age 59.5
- 5 contract years, age 55 and separated from service
- Withdrawal of funds to purchase certain payout options
- Refund of excess contribution, if the refund is requested within acceptable time frame.
