Separate Acct No 49 of Equitable Financial Life Insurance Co.
04/27/2026 | Press release | Distributed by Public on 04/27/2026 08:08
Updating Summary Prospectus (Form 497VPU)
The Accumulator® Series
Equitable Financial Life and Annuity Company
Equitable Financial Life Insurance Company
Issued through: Separate Account No. 49B and Separate Account No. 49
Contract Classes: Accumulator®, Accumulator® PlusSM, Accumulator® EliteSM and Accumulator® SelectSM
Updating Summary Prospectus for Existing Investors
May 1, 2026
This summary prospectus (the "Summary Prospectus") summarizes key features of the contract. The statutory prospectus (the "Prospectus") and Statement of Additional Information ("SAI") for the contract contain more information about the contract's features, benefits, and risks. The Prospectus and SAI are incorporated by reference into this updating summary prospectus. You can find the current Prospectus, SAI and other information about the contract online at www.equitable.com/ICSR#EQH146638. You can also obtain this information at no cost by calling 1-877-522-5035, by sending an email request to [email protected], or by calling your financial intermediary.
The Accumulator® Series are variable and fixed individual and group flexible premium deferred annuity contracts. This Summary Prospectus only describes Accumulator®, Accumulator® PlusSM, Accumulator® EliteSM and Accumulator® SelectSM. The contracts provide for the accumulation of retirement savings and for income. The contracts offer income and death benefit protection as well. They also offer a number of payout options.
The Securities and Exchange Commission has not approved or disapproved these securities or passed upon the adequacy of this prospectus. Any representation to the contrary is a criminal offense.
The contract is a complex investment that involves risks, including potential loss of principal. You should speak with a financial professional about the features, benefits, risks, and fees and whether the contract is appropriate for you based on your financial situation and objectives.
The contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals could result in withdrawal charges, taxes, and tax penalties.
All guarantees are subject to the Company's financial strength and claims paying ability.
Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission's staff and is available at Investor.gov.
| #40700/9.0 All | ||
Updated Information About Your Contract
The information in this Summary Prospectus is a summary of certain contract features that have changed since the Prospectus dated May 1, 2025. This may not reflect all of the changes that have occurred since you entered into your contract.
INVESTMENT OPTIONS
There have been changes to the Appendix "Investment options available under the contract" in this Summary Prospectus.
EXCHANGE OFFER
An exchange offer was made in connection with an assumption reinsurance transaction (the "Program") between Equitable Financial Life and Annuity Company ("EFLA", the "Company" or "we") and Equitable Financial Life Insurance Company ("EFLIC"). Pursuant to the Program, certain EFLIC variable annuity contracts (each an "EFLIC Contract" and collectively, the "EFLIC Contracts") will be exchanged for identical EFLA contracts (each an "EFLA Contract" and collectively, the "EFLA Contracts"). Not all contracts are eligible for the exchange offer.
Depending on which state your EFLIC Contract was issued in, you may have to affirmatively consent to or have the right to opt-out of the exchange. We will advise you which of the following consent processes applies to your EFLIC contract (based on the state it was issued in):
| | In certain states, you must affirmatively consent to the exchange ("opt-in process"). |
| | In certain states, you will be deemed to have elected the exchange if you do not exercise your right to opt out within a specified period ("opt-out process"). |
| | In certain states, your EFLIC Contract will be exchanged for an EFLA Contract automatically without any action by you ("automatic process"). |
Please note, in a majority of states, you will not be required to take any additional steps or provide affirmative consent before your EFLIC Contract is exchanged for an EFLA Contract.
Important Considerations
If your EFLIC Contract is exchanged for an EFLA Contract:
| | Your EFLIC Contract will terminate and EFLIC will have no further obligation to you for the benefits under your EFLIC Contract. |
| | EFLA will be solely responsible to you for the benefits under your EFLA Contract. |
| | The Account Value in your EFLIC Contract will be transferred to your EFLA Contract without any change in value and there will be no interruption to your investments because of the exchange. |
| | At the time of the exchange, the same investment options available under your EFLIC Contract will be available for investment under your EFLA Contract. Any investment restrictions applicable under your EFLIC Contract will continue to apply under your EFLA Contract. |
| | Your death benefit and any optional benefit(s) under your EFLA Contract immediately after the exchange will be the same as your death benefit and any optional benefit(s) under your EFLIC Contract immediately before the exchange and will continue to be calculated in the same way. |
| | You will receive credit for the time your contributions were invested in your EFLIC Contract for purposes of determining whether a withdrawal charge, if applicable, applies under your EFLA Contract. |
| | We will not assess any charges against you because of the exchange. |
There should be no adverse tax consequences to contract owners because of the Program between EFLIC and EFLA or the exchange of an EFLIC Contract for an EFLA Contract. Notwithstanding, we recommend that you consult your tax advisor.
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Important information you should consider about the contract
| FEES AND EXPENSES | ||
| Are There Charges or Adjustments for Early Withdrawals? |
Yes. Each series of the contract provides for different withdrawal charge periods and percentages. Accumulator® - If you surrender your contract, apply your cash value to a non-life contingent annuity payment option, or withdraw money from Accumulator® of the contract within 7 years following your last contribution, you will be assessed a withdrawal charge of up to 7% of contributions withdrawn. 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. This loss will be greater if you have to pay taxes or tax penalties. Accumulator® PlusSM - If you surrender your contract, apply your cash value to a non-life contingent annuity payment option, or withdraw money from Accumulator® PlusSM of the contract within 9 years following your last contribution, you will be assessed a withdrawal charge of up to 8% of contributions withdrawn. 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. This loss will be greater if you have to pay taxes or tax penalties. Accumulator® EliteSM - If you surrender your contract, apply your cash value to a non-life contingent annuity payment option, or withdraw money from Accumulator® EliteSM of the contract within 4 years following your last contribution, you will be assessed a withdrawal charge of up to 8% of contributions withdrawn. 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. This loss will be greater if you have to pay taxes or tax penalties. Accumulator® SelectSM - No withdrawal charge. For additional information about charges for surrenders and early withdrawals see "Withdrawal charge" in "Charges and expenses" in the Prospectus. |
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| Are There Transaction Charges? |
Yes. In addition to withdrawal charges, you may also be charged for other transactions including special requests such as wire transfers, express mail and duplicate contracts. For additional information about transaction charges see "Charges that the Company deducts" in "Charges and expenses" in the Prospectus. |
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| Are There Ongoing Fees and Expenses? | Yes. Each series of the contract provides for different ongoing fees and expenses. The table below describes the fees and expenses that you may pay each year depending on the investment options and optional benefits 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 series)(1) | 1.30% | 1.70% | ||||
| Portfolio Company 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% | 1.40% | ||||
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(1) Expressed as an annual percent of daily net assets in the variable investment options. (2) Expressed as an annual percentage of daily net assets in the Portfolio. This range is for the year ended December 31, 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 and that you do not take withdrawals from the contract, which could add withdrawal charges that substantially increase costs. |
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Lowest Annual Cost $1,986 |
Highest Annual Cost $5,242 |
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Assumes: Investment of $100,000 5% annual appreciation Least expensive combination of contract series and Portfolio 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 series (Accumulator® PlusSM), optional benefits (GMIB II and GMDB II death benefit) and Portfolio fees and expenses No sales charges No additional contributions, transfers or withdrawals |
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For additional information about ongoing fees and expenses see "Fee Table" in the Prospectus. |
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| RISKS | ||
| Is There a Risk of Loss from Poor Performance? |
Yes. The contract is subject to the risk of loss. You could lose some or all of your account value depending on the investment options you choose. For additional information about the risk of loss see "Principal risks of investing in the Contract" in the Prospectus. |
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| 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 "Fee Table" in the Prospectus. |
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| What Are the Risks Associated with the Investment Options? |
An investment in the contract is subject to the risk of poor investment performance and can vary depending on the performance of the variable investment options available under the contract, (e.g., the Portfolios). Each investment option, including the guaranteed interest option, has its own unique risks. You should review the investment options available under the contract before making an investment decision. For additional information about the risks associated with investment options see "Variable investment options", "Fixed investment options" and "Portfolios of the Trust" in "Purchasing the Contract" in the Prospectus. See also Appendix "Investment options available under the contract" in the Prospectus. |
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| 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 fixed investment options, and any Guaranteed benefits under the contract are supported by our general account and are subject to our claims-paying ability. An owner should look solely to our financial strength for our claims-paying ability. More information about the Company, including our financial strength ratings, may be obtained at https://equitable.com/about-us/financial-strength-ratings. For additional information about insurance company risks see "About the general account" in "More information" in the Prospectus. |
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| RESTRICTIONS | ||
| Are There Restrictions on the Investment Options? |
Yes. We may, at any time, exercise our rights to limit or terminate your contributions, allocations and transfers to any of the variable investment options and to limit the number of variable investment options which you may select. Such rights include, among others, removing or substituting the Portfolios, combining any two or more variable investment options and transferring account value from any variable investment option to another variable investment option. Credits under Accumulator® PlusSM contracts may be recaptured upon free look, annuitization, and death. There are restrictions regarding 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 Special DCA programs. See "Allocating your contributions" in "Purchasing the Contract" and "Transferring your account value" in "Transferring your money among investment options" in the Prospectus for more information. For more information see "About the Separate Account" in "More information" in the Prospectus. Contributions and transfers into and out of the guaranteed interest option are limited. For additional information about restrictions on the investment options, see "Transfer charge" in "Charges and expenses", "Portfolios of the Trust" and "Guaranteed investment option" in "Purchasing the Contract" and "Transferring your money among investment options" in the Prospectus. |
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| Are There Any Restrictions on Contract Benefits? |
Yes. At any time, we have the right to limit or terminate your contributions, allocations and transfers to any of the variable investment options. If 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). Investment options are limited 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. The standard and optional death benefits offered with the contract are available only at contract purchase. Withdrawals could significantly reduce or terminate the death benefit. For additional information about the optional benefits see "How you can purchase and contribute to your contract" in "Purchasing the Contract" in the Prospectus. See also "Death Benefits" and "Living Benefits" in "Benefits available under the contract" in the Prospectus. |
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| TAXES | ||
| What are the Contract's Tax Implications? |
You should consult with a tax professional to determine the tax implications of an investment in, and payments received under, the contract. There is no additional tax benefit to you if the contract is purchased through a tax-qualified plan or individual retirement account (IRA). Withdrawals will be subject to ordinary income tax and may be subject to tax penalties. Generally, you are not taxed until you make a withdrawal from the contract. For additional information about tax implications see "Tax information" in the Prospectus. |
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| CONFLICTS OF INTEREST | ||
| How are Investment Professionals Compensated? |
Some financial professionals may receive compensation for selling the contract to you, both in the form of commissions or in the form of contribution-based compensation. Financial professionals may also receive additional compensation for enhanced marketing opportunities and other services (commonly referred to as "marketing allowances"). This conflict of interest may influence the financial professional to recommend this contract over another investment. For additional information about compensation to financial professionals see "Distribution of the contracts" in "More information" in the Prospectus. |
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| Should I Exchange My Contract? |
Some financial professionals may have a financial incentive to offer a new contract in place of the one you already own. You should only exchange your contract if you determine, after comparing the features, fees, and risks of both contracts, as well as any fees or penalties to terminate your existing contract, that it is preferable to purchase the new contract rather than continue to own your existing contract. For additional information about exchanges see "Charge for third-party transfer or exchange" in "Charges and expenses" in the Prospectus. |
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Appendix: Investment options available under the contract
Variable investment options
The following is a list of Portfolio Companies available under the contract. More information about the Portfolio Companies is available in the prospectuses for the Portfolio Companies, which may be amended from time to time and can be found online at www.equitable.com/ICSR#EQH146638. You can request this information at no cost by calling 1-877-522-5035 or by sending an email request to [email protected]. If you elect certain Guaranteed benefits, you may only invest in the Portfolios listed in the designated table(s) below.
The current expenses and performance information below reflects fee and expenses of the Portfolios, but do not reflect the other fees and expenses that your contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Portfolio's past performance is not necessarily an indication of future performance.
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Average Annual Total Returns (as of 12/31/2025) |
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| TYPE | Portfolio Company - Investment Adviser; Sub-Adviser(s), as applicable |
Current Expenses |
1 year | 5 year | 10 year | |||||||||||||
| Equity |
1290 VT SmartBeta Equity ESG - Equitable Investment Management Group, LLC ("EIMG"); AXA Investment Managers US Inc. |
1.10% | 13.95% | 10.21% | 10.74% | |||||||||||||
| Equity |
1290 VT Socially Responsible - EIMG; BlackRock Investment Management, LLC |
0.90% | 17.23% | 13.04% | 13.83% | |||||||||||||
| Equity |
EQ/2000 Managed Volatility - EIMG; AllianceBernstein L.P., BlackRock Investment Management, LLC |
0.84% | 9.32% | 4.40% | 8.33% | |||||||||||||
| Equity |
EQ/400 Managed Volatility - EIMG; AllianceBernstein L.P., BlackRock Investment Management, LLC |
0.85% | ^ | 3.31% | 7.06% | 9.21% | ||||||||||||
| Equity |
EQ/AB Small Cap Growth - EIMG; AllianceBernstein L.P. |
0.92% | 9.21% | 3.43% | 10.10% | |||||||||||||
| Asset Allocation |
EQ/Aggressive Growth Strategy - EIMG |
1.01% | 12.17% | 7.61% | 9.04% | |||||||||||||
| Asset Allocation |
EQ/Balanced Strategy - EIMG |
0.97% | 10.05% | 4.68% | 6.08% | |||||||||||||
| Equity |
EQ/Common Stock Index - EIMG; AllianceBernstein L.P. |
0.67% | ^ | 16.28% | 12.50% | 13.55% | ||||||||||||
| Asset Allocation |
EQ/Conservative Growth Strategy - EIMG |
0.97% | 9.32% | 3.76% | 5.10% | |||||||||||||
| Asset Allocation |
EQ/Conservative Strategy - EIMG |
0.95% | 7.86% | 1.93% | 3.12% | |||||||||||||
| Fixed Income |
EQ/Core Bond Index(1) - EIMG; SSGA Funds Management, Inc. |
0.62% | ^ | 6.43% | 0.35% | 1.70% | ||||||||||||
| Equity |
EQ/Equity 500 Index - EIMG; AllianceBernstein L.P. |
0.53% | ^ | 17.23% | 13.79% | 14.15% | ||||||||||||
| Equity |
EQ/Franklin Small Cap Value Managed Volatility - EIMG; BlackRock Investment Management, LLC, Franklin Mutual Advisers, LLC |
1.05% | ^ | 7.06% | 6.11% | 8.71% | ||||||||||||
| Equity |
EQ/Global Equity Managed Volatility - EIMG; BlackRock Investment Management, LLC |
1.08% | ^ | 19.14% | 8.33% | 9.47% | ||||||||||||
| Asset Allocation |
EQ/Growth Strategy - EIMG |
1.00% | 11.44% | 6.61% | 8.07% | |||||||||||||
| Fixed Income |
EQ/Intermediate Government Bond(1) - EIMG; SSGA Funds Management, Inc. |
0.62% | ^ | 5.54% | 0.30% | 1.15% | ||||||||||||
| Equity |
EQ/International Core Managed Volatility - EIMG; BlackRock Investment Management, LLC |
1.06% | 26.12% | 7.52% | 7.48% | |||||||||||||
| Equity |
EQ/International Equity Index - EIMG; AllianceBernstein L.P. |
0.72% | ^ | 31.46% | 9.91% | 8.07% | ||||||||||||
| Equity |
EQ/International Value Managed Volatility - EIMG; BlackRock Investment Management, LLC, Harris Associates LP |
1.04% | 26.66% | 7.75% | 6.77% | |||||||||||||
| Equity |
EQ/Janus Enterprise - EIMG; Janus Henderson Investors US LLC |
1.04% | 8.05% | 7.06% | 10.61% | |||||||||||||
| Equity |
EQ/Large Cap Core Managed Volatility - EIMG; BlackRock Investment Management, LLC |
0.88% | 10.88% | 12.03% | 12.83% | |||||||||||||
| Equity |
EQ/Large Cap Growth Index - EIMG; AllianceBernstein L.P. |
0.71% | 17.74% | 14.51% | 17.26% | |||||||||||||
| Equity |
EQ/Large Cap Growth Managed Volatility - EIMG; BlackRock Investment Management, LLC |
0.87% | 11.06% | 11.64% | 15.01% | |||||||||||||
| Equity |
EQ/Large Cap Value Index - EIMG; AllianceBernstein L.P. |
0.74% | 15.04% | 10.52% | 9.77% | |||||||||||||
| Equity |
EQ/Large Cap Value Managed Volatility - EIMG; AllianceBernstein L.P. |
0.86% | 10.62% | 9.69% | 9.56% | |||||||||||||
| Equity |
EQ/Mid Cap Index - EIMG; AllianceBernstein L.P. |
0.64% | ^ | 6.80% | 8.42% | 9.99% | ||||||||||||
| Equity |
EQ/Mid Cap Value Managed Volatility - EIMG; BlackRock Investment Management, LLC |
0.97% | 4.98% | 7.62% | 8.20% | |||||||||||||
| Asset Allocation |
EQ/Moderate Growth Strategy - EIMG |
0.98% | 10.83% | 5.67% | 7.08% | |||||||||||||
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Average Annual Total Returns (as of 12/31/2025) |
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| TYPE | Portfolio Company - Investment Adviser; Sub-Adviser(s), as applicable |
Current Expenses |
1 year | 5 year | 10 year | |||||||||||||
| Cash/Cash Equivalent |
EQ/Money Market* - EIMG; Dreyfus, a division of Mellon Investments Corporation |
0.67% | 3.66% | 2.79% | 1.73% | |||||||||||||
| Fixed Income |
EQ/Quality Bond PLUS - EIMG; AllianceBernstein L.P., Pacific Investment Management Company LLC |
0.82% | 6.32% | -0.19% | 1.31% | |||||||||||||
| Equity |
EQ/Small Company Index - EIMG; AllianceBernstein L.P. |
0.63% | 12.57% | 6.16% | 9.44% | |||||||||||||
| Specialty |
Multimanager Technology - EIMG; AllianceBernstein L.P., FIAM LLC, Wellington Management Company LLP |
1.23% | ^ | 25.87% | 12.46% | 19.41% | ||||||||||||
| ^ |
This Portfolio's annual expenses reflect temporary fee reductions. |
| |
EQ Managed Volatility Portfolios that include the EQ volatility management strategy as part of their investment objective and/or principal investment strategy, and the EQ/affiliated Fund of Fund Portfolios that invest in Portfolios that use the EQ volatility management strategy, are identified in the chart by a "". See "Portfolios of the Trusts" for more information regarding volatility management. |
| * |
The Portfolio operates as a "government money market fund." The Portfolio will invest at least 99.5% of its total assets in U.S. government securities, cash, and/or repurchase agreements that are fully collateralized by U.S. government securities or cash. |
| (1) |
Effective on or about June 29, 2026, and subject to shareholder approval, SSGA Funds Management, Inc. will be replaced as a sub-adviser to the Portfolio (or an allocated portion thereof) with AllianceBernstein L.P. |
Option A - Asset Allocation account variable investment options are as follows.
| EQ Strategic Allocation Portfolios | ||
| EQ/Aggressive Growth Strategy | EQ/Conservative Strategy | |
| EQ/Balanced Strategy | EQ/Growth Strategy | |
| EQ/Conservative Growth Strategy | EQ/Moderate Growth Strategy |
Option A also includes EQ/Money Market.
Option B - Custom Selection account variable investment options are as follows.
| Category 1 - Fixed Income | ||
| EQ/Core Bond Index | EQ/Money Market | |
| EQ/Intermediate Government Bond | EQ/Quality Bond PLUS |
| Category 2 - Core Diversified Equity | ||
| EQ/Aggressive Growth Strategy | EQ/Large Cap Core Managed Volatility | |
| EQ/Balanced Strategy | EQ/Large Cap Growth Index | |
| EQ/Common Stock Index | EQ/Large Cap Growth Managed Volatility | |
| EQ/Conservative Growth Strategy | EQ/Large Cap Value Index | |
| EQ/Conservative Strategy | EQ/Large Cap Value Managed Volatility | |
| EQ/Equity 500 Index | EQ/Moderate Growth Strategy | |
| EQ/Growth Strategy |
| Category 3 - Small Cap/Mid Cap/International | ||
| EQ/400 Managed Volatility | EQ/International Equity Index | |
| EQ/2000 Managed Volatility | EQ/International Value Managed Volatility | |
| EQ/AB Small Cap Growth | EQ/Mid Cap Index | |
| EQ/Global Equity Managed Volatility | EQ/Mid Cap Value Managed Volatility | |
| EQ/International Core Managed Volatility | EQ/Small Company Index |
| Category 4 - Specialty | ||
| 1290 VT SmartBeta Equity | EQ/Janus Enterprise | |
| 1290 VT Socially Responsible | Multimanager Technology | |
| EQ/Franklin Small Cap Value Managed Volatility |
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Fixed investment options
The following is a list of Fixed investment options currently available under the contract. We may change the features of the Fixed investment options listed below, offer new Fixed investment options, and terminate existing Fixed investment options. We will provide you with written notice before doing so.
See "Fixed investment options" in "Purchasing the contract" in the Prospectus for a description of the Fixed investment options' features.
| Name | Term | Minimum Guaranteed Interest Rate | ||
| Guaranteed interest option | N/A | 1.00% | ||
| Account for special dollar cost averaging | 3 months to 12 months | 1.00% |
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The Accumulator® Series (Accumulator®, Accumulator® PlusSM, Accumulator® EliteSM and Accumulator® SelectSM)
Issued by
| Equitable Financial Life and Annuity Company | Equitable Financial Life Insurance Company |
We have filed with the Securities and Exchange Commission a Prospectus and a Statement of Additional Information ("SAI") that include additional information about The Accumulator® Series, Equitable Financial Life and Annuity Company and Separate Account No. 49B, and Equitable Financial Life Insurance Company and Separate Account No. 49. The Prospectus and SAI each dated May 1, 2026 are incorporated by reference into this Summary Prospectus. The Prospectus and SAI are available free of charge. To request a copy of either document, to ask about your contract, or to make other investor inquiries, please call 1-800-789-7771. The Prospectus and SAI are also available at our website, www.equitable.com/ICSR#EQH146638.
Class/Contract Identifier: C000247491; C000247496; C000247501; C000247509; C000075846; C000078601; C000078602; C000078603
The Accumulator® Series
Equitable Financial Life and Annuity Company
Equitable Financial Life Insurance Company
Issued through: Separate Account No. 49B and Separate Account No. 49
Contract Classes: Accumulator®, Accumulator® PlusSM, Accumulator® EliteSM and Accumulator® SelectSM
Updating Summary Prospectus for Existing Investors
May 1, 2026
This summary prospectus (the "Summary Prospectus") summarizes key features of the contract. The statutory prospectus (the "Prospectus") and Statement of Additional Information ("SAI") for the contract contain more information about the contract's features, benefits, and risks. The Prospectus and SAI are incorporated by reference into this updating summary prospectus. You can find the current Prospectus, SAI and other information about the contract online at www.equitable.com/ICSR#EQH146639. You can also obtain this information at no cost by calling 1-877-522-5035, by sending an email request to [email protected], or by calling your financial intermediary.
The Accumulator® Series are variable and fixed individual and group flexible premium deferred annuity contracts. This Summary Prospectus only describes Accumulator®, Accumulator® PlusSM, Accumulator® EliteSM and Accumulator® SelectSM. The contracts provide for the accumulation of retirement savings and for income. The contracts offer income and death benefit protection as well. They also offer a number of payout options.
The Securities and Exchange Commission has not approved or disapproved these securities or passed upon the adequacy of this prospectus. Any representation to the contrary is a criminal offense.
The contract is a complex investment that involves risks, including potential loss of principal. You should speak with a financial professional about the features, benefits, risks, and fees and whether the contract is appropriate for you based on your financial situation and objectives.
The contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals could result in withdrawal charges, taxes, and tax penalties.
All guarantees are subject to the Company's financial strength and claims paying ability.
Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission's staff and is available at Investor.gov.
| #940635 8.0/8.2/8.3 All |
Updated Information About Your Contract
The information in this Summary Prospectus is a summary of certain contract features that have changed since the Prospectus dated May 1, 2025. This may not reflect all of the changes that have occurred since you entered into your contract.
INVESTMENT OPTIONS
There have been changes to the Appendix "Investment options available under the contract" in this Summary Prospectus.
EXCHANGE OFFER
An exchange offer was made in connection with an assumption reinsurance transaction (the "Program") between Equitable Financial Life and Annuity Company ("EFLA", the "Company" or "we") and Equitable Financial Life Insurance Company ("EFLIC"). Pursuant to the Program, certain EFLIC variable annuity contracts (each an "EFLIC Contract" and collectively, the "EFLIC Contracts") will be exchanged for identical EFLA contracts (each an "EFLA Contract" and collectively, the "EFLA Contracts"). Not all contracts are eligible for the exchange offer.
Depending on which state your EFLIC Contract was issued in, you may have to affirmatively consent to or have the right to opt-out of the exchange. We will advise you which of the following consent processes applies to your EFLIC contract (based on the state it was issued in):
| | In certain states, you must affirmatively consent to the exchange ("opt-in process"). |
| | In certain states, you will be deemed to have elected the exchange if you do not exercise your right to opt out within a specified period ("opt-out process"). |
| | In certain states, your EFLIC Contract will be exchanged for an EFLA Contract automatically without any action by you ("automatic process"). |
Please note, in a majority of states, you will not be required to take any additional steps or provide affirmative consent before your EFLIC Contract is exchanged for an EFLA Contract.
Important Considerations
If your EFLIC Contract is exchanged for an EFLA Contract:
| | Your EFLIC Contract will terminate and EFLIC will have no further obligation to you for the benefits under your EFLIC Contract. |
| | EFLA will be solely responsible to you for the benefits under your EFLA Contract. |
| | The Account Value in your EFLIC Contract will be transferred to your EFLA Contract without any change in value and there will be no interruption to your investments because of the exchange. |
| | At the time of the exchange, the same investment options available under your EFLIC Contract will be available for investment under your EFLA Contract. Any investment restrictions applicable under your EFLIC Contract will continue to apply under your EFLA Contract. |
| | Your death benefit and any optional benefit(s) under your EFLA Contract immediately after the exchange will be the same as your death benefit and any optional benefit(s) under your EFLIC Contract immediately before the exchange and will continue to be calculated in the same way. |
| | You will receive credit for the time your contributions were invested in your EFLIC Contract for purposes of determining whether a withdrawal charge, if applicable, applies under your EFLA Contract. |
| | We will not assess any charges against you because of the exchange. |
There should be no adverse tax consequences to contract owners because of the Program between EFLIC and EFLA or the exchange of an EFLIC Contract for an EFLA Contract. Notwithstanding, we recommend that you consult your tax advisor.
2
Important Information You Should Consider About the Contract
| FEES AND EXPENSES | ||
| Are There Charges or Adjustments for Early Withdrawals? |
Yes. Each series 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 payment option, or withdraw money from Accumulator® of the contract within 7 years following your last contribution, you will be assessed a withdrawal charge of up to 7% of contributions withdrawn. 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. This loss will be greater if you have to pay taxes or tax penalties. Accumulator® PlusSM-If you surrender your contract, apply cash value to a non-life contingent annuity payment option, or withdraw money from Accumulator® PlusSM of the contract within 9 years following your last contribution, you will be assessed a withdrawal charge of up to 8% of contributions withdrawn. 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. This loss will be greater if you have to pay taxes or tax penalties. Accumulator® EliteSM-If you surrender your contract, apply cash value to a non-life contingent annuity payment option, or withdraw money from Accumulator® EliteSM of the contract within 4 years following your last contribution, you will be assessed a withdrawal charge of up to 8% of contributions withdrawn. 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. This loss will be greater if you have to pay taxes or tax penalties. Accumulator® SelectSM-No withdrawal charge. For additional information about charges for surrenders and early withdrawals see "Withdrawal charge" in "Charges and expenses" in the Prospectus. |
|
| Are There Transaction Charges? |
Yes. In addition to withdrawal charges, you may also be charged for other transactions including special requests such as wire transfers, express mail and duplicate contracts. For additional information about transaction charges see "Charges that the Company deducts" in "Charges and expenses" in the Prospectus. |
|
| Are There Ongoing Fees and Expenses? | Yes. Each series of the contract provides for different ongoing fees and expenses. The table below describes the fees and expenses that you may pay each year depending on the investment options and optional benefits 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 series)(1) | 1.30% | 1.70% | ||||
| Portfolio Company 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% | 1.30% | ||||
|
(1) Expressed as an annual percent of daily net assets in the variable investment options. (2) Expressed as an annual percentage of daily net assets in the Portfolio. This range is for the year ended December 31, 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 and that you do not take withdrawals from the contract, which could add withdrawal charges that substantially increase costs. | ||
|
Lowest Annual Cost $1,986 |
Highest Annual Cost $4,957 |
|
|
Assumes: Investment of $100,000 5% annual appreciation Least expensive combination of contract series and Portfolio 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 series (Accumulator® PlusSM), optional benefits (GMIB and Greater of 4% Roll-Up to age 85 or Annual Ratchet to age 85 death benefit) and Portfolio fees and expenses No sales charges No additional contributions, transfers or withdrawals |
|
| For additional information about ongoing fees and expenses see "Fee Table" in the Prospectus. | ||
3
| RISKS | ||
| Is There a Risk of Loss from Poor Performance? |
Yes. The contract is subject to the risk of loss. You could lose some or all of your account value depending on the investment options you choose. For additional information about the risk of loss see "Principal risks of investing in the Contract" 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 "Fee Table" in the Prospectus. |
|
| What Are the Risks Associated with the Investment Options? |
An investment in the contract is subject to the risk of poor investment performance and can vary depending on the performance of the variable investment options available under the contract, (e.g., the Portfolios). Each investment option, including the guaranteed interest option, has its own unique risks. You should review the investment options available under the contract before making an investment decision. For additional information about the risks associated with investment options see "Variable investment options", "Fixed investment options" and "Portfolios of the Trust" in "Purchasing the Contract" in the Prospectus. See also Appendix "Investment options available under the contract" in the Prospectus. |
|
| What are the Risks Related to the Insurance Company? |
An investment in the contract is subject to 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 fixed investment options, and any Guaranteed benefits under the contract are supported by our general account and are subject to our claims-paying ability. An owner should look solely to our financial strength for our claims-paying ability. More information about the Company, including our financial strength ratings, may be obtained at https://equitable.com/about-us/financial-strength-ratings. For additional information about insurance company risks see "About the general account" in "More information" in the Prospectus. |
|
| RESTRICTIONS | ||
| Are There Restrictions on the Investment Options? |
Yes. We may, at any time, exercise our rights to limit or terminate your contributions, allocations and transfers to any of the variable investment options and to limit the number of variable investment options which you may select. Such rights include, among others, removing or substituting the Portfolios, combining any two or more variable investment options and transferring account value from any variable investment option to another variable investment option. With limited exceptions, we no longer accept contributions to the contracts. We currently continue to accept contributions to: (i) QP contracts; and (ii) all contracts, except TSA contracts, issued in the states of Florida and Texas. References to contributions in the Prospectus are for the benefit of contract owners currently eligible to continue making contributions to the contracts. Credits under Accumulator® PlusSM contracts may be recaptured upon free look, annuitization, and death. There are restrictions regarding 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 Special DCA programs. See "About the Separate Account" in "Purchasing the Contract" and "Transferring your account value" in "Transferring your money among investment options" in the Prospectus for more information. For more information see "About the Separate Account" in "More information" in the Prospectus. Contributions and transfers into and out of the guaranteed interest option are limited. For additional information about restrictions on the investment options, see "Transfer charge" in "Charges and expenses", "Portfolios of the Trust" and "Guaranteed investment option" in "Purchasing the Contract" and "Transferring your money among investment options" in the Prospectus. |
|
| Are There Any Restrictions on Contract Benefits? |
Yes. At any time, we have the right to limit or terminate your contributions, allocations and transfers to any of the variable investment options. If 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). Investment options are limited 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. The standard and optional death benefits offered with the contract are available only at contract purchase. Withdrawals could significantly reduce or terminate the death benefit. For additional information about the optional benefits see "How you can contribute to your contract" in "Purchasing the Contract" in the Prospectus. See also "Death Benefits" and "Living Benefits" in "Benefits available under the contract" in the Prospectus. |
|
4
| TAXES | ||
| What are the Contract's Tax Implications? |
You should consult with a tax professional to determine the tax implications of an investment in, and payments received under, the contract. There is no additional tax benefit to you if the contract is purchased through a tax-qualified plan or individual retirement account (IRA). Withdrawals will be subject to ordinary income tax and may be subject to tax penalties. Generally, you are not taxed until you make a withdrawal from the contract. For additional information about tax implications see "Tax information" in the Prospectus. |
|
| CONFLICTS OF INTEREST | ||
| How are Investment Professionals Compensated? |
Some financial professionals may receive compensation for selling the contract to you, both in the form of commissions or in the form of contribution-based compensation. Financial professionals may also receive additional compensation for enhanced marketing opportunities and other services (commonly referred to as "marketing allowances"). This conflict of interest may influence the financial professional to recommend this contract over another investment. For additional information about compensation to financial professionals see "Distribution of the contracts" in "More information" in the Prospectus. |
|
| Should I Exchange My Contract? |
Some financial professionals may have a financial incentive to offer a new contract in place of the one you already own. You should only exchange your contract if you determine, after comparing the features, fees, and risks of both contracts, as well as any fees or penalties to terminate your existing contract, that it is preferable to purchase the new contract rather than continue to own your existing contract. For additional information about exchanges see "Charge for third-party transfer or exchange" in "Charges and expenses" in the Prospectus. |
|
5
Appendix: Investment options available under the contract
Variable investment options
The following is a list of Portfolio Companies available under the contract. More information about the Portfolio Companies is available in the prospectuses for the Portfolio Companies, which may be amended from time to time and can be found online at www.equitable.com/ICSR#EQH146639. You can request this information at no cost by calling 1-877-522-5035 or by sending an email request to [email protected]. If you elect certain Guaranteed benefits, you may only invest in the Portfolios listed in the designated table(s) below.
The current expenses and performance information below reflects fee and expenses of the Portfolios, but do not reflect the other fees and expenses that your contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Portfolio's past performance is not necessarily an indication of future performance.
| TYPE |
Portfolio Company - Investment Adviser; Sub-Adviser(s), as applicable |
Average Annual Total Returns (as of 12/31/2025) |
||||||||||||||||
|
Current Expenses |
1 year | 5 year | 10 year | |||||||||||||||
| Specialty |
1290 VT GAMCO Mergers & Acquisitions - Equitable Investment Management Group, LLC ("EIMG"); GAMCO Asset Management, Inc. |
1.29% | ^ | 15.91% | 7.70% | 5.38% | ||||||||||||
| Equity |
1290 VT GAMCO Small Company Value - EIMG; GAMCO Asset Management, Inc. |
1.05% | 12.82% | 11.24% | 10.77% | |||||||||||||
| Equity |
1290 VT SmartBeta Equity ESG - EIMG; AXA Investment Managers US Inc. |
1.10% | 13.95% | 10.21% | 10.74% | |||||||||||||
| Equity |
EQ/2000 Managed Volatility(1) - EIMG; AllianceBernstein L.P., BlackRock Investment Management, LLC |
0.84% | 9.32% | 4.40% | 8.33% | |||||||||||||
| Equity |
EQ/400 Managed Volatility(1) - EIMG; AllianceBernstein L.P., BlackRock Investment Management, LLC |
0.85% | ^ | 3.31% | 7.06% | 9.21% | ||||||||||||
| Fixed Income |
EQ/AB Short Duration Government Bond(1) - EIMG; AllianceBernstein L.P. |
0.77% | ^ | 4.17% | 2.11% | 1.56% | ||||||||||||
| Equity |
EQ/AB Small Cap Growth - EIMG; AllianceBernstein L.P. |
0.92% | 9.21% | 3.43% | 10.10% | |||||||||||||
| Asset Allocation |
EQ/Aggressive Allocation(1) - EIMG |
1.15% | 12.97% | 7.79% | 9.47% | |||||||||||||
| Asset Allocation |
EQ/Aggressive Growth Strategy - EIMG |
1.01% | 12.17% | 7.61% | 9.04% | |||||||||||||
| Asset Allocation |
EQ/Balanced Strategy - EIMG |
0.97% | 10.05% | 4.68% | 6.08% | |||||||||||||
| Equity |
EQ/ClearBridge Select Equity Managed Volatility - EIMG; BlackRock Investment Management, LLC, ClearBridge Investments, LLC |
1.06% | ^ | 7.66% | 8.42% | 12.21% | ||||||||||||
| Equity |
EQ/Common Stock Index(1) - EIMG; AllianceBernstein L.P. |
0.67% | ^ | 16.28% | 12.50% | 13.55% | ||||||||||||
| Asset Allocation |
EQ/Conservative Allocation(1) - EIMG |
1.00% | ^ | 7.48% | 1.74% | 3.11% | ||||||||||||
| Asset Allocation |
EQ/Conservative-Plus Allocation(1) - EIMG |
1.09% | 9.06% | 3.38% | 4.94% | |||||||||||||
| Fixed Income |
EQ/Core Bond Index(1)(2) - EIMG; SSGA Funds Management, Inc. |
0.62% | ^ | 6.43% | 0.35% | 1.70% | ||||||||||||
| Equity |
EQ/Equity 500 Index(1) - EIMG; AllianceBernstein L.P. |
0.53% | ^ | 17.23% | 13.79% | 14.15% | ||||||||||||
| Equity |
EQ/Franklin Small Cap Value Managed Volatility(1) - EIMG; BlackRock Investment Management, LLC, Franklin Mutual Advisers, LLC |
1.05% | ^ | 7.06% | 6.11% | 8.71% | ||||||||||||
| Equity |
EQ/Global Equity Managed Volatility - EIMG; BlackRock Investment Management, LLC |
1.08% | ^ | 19.14% | 8.33% | 9.47% | ||||||||||||
| Fixed Income |
EQ/Intermediate Government Bond(1)(2) - EIMG; SSGA Funds Management, Inc. |
0.62% | ^ | 5.54% | 0.30% | 1.15% | ||||||||||||
| Equity |
EQ/International Core Managed Volatility(1) - EIMG; BlackRock Investment Management, LLC |
1.06% | 26.12% | 7.52% | 7.48% | |||||||||||||
| Equity |
EQ/International Equity Index - EIMG; AllianceBernstein L.P. |
0.72% | ^ | 31.46% | 9.91% | 8.07% | ||||||||||||
| Equity |
EQ/International Value Managed Volatility - EIMG; BlackRock Investment Management, LLC, Harris Associates LP |
1.04% | 26.66% | 7.75% | 6.77% | |||||||||||||
| Equity |
EQ/Janus Enterprise - EIMG; Janus Henderson Investors US LLC |
1.04% | 8.05% | 7.06% | 10.61% | |||||||||||||
| Equity |
EQ/Large Cap Core Managed Volatility(1) - EIMG; BlackRock Investment Management, LLC |
0.88% | 10.88% | 12.03% | 12.83% | |||||||||||||
| Equity |
EQ/Large Cap Growth Index(1) - EIMG; AllianceBernstein L.P. |
0.71% | 17.74% | 14.51% | 17.26% | |||||||||||||
6
| TYPE |
Portfolio Company - Investment Adviser; Sub-Adviser(s), as applicable |
Average Annual Total Returns (as of 12/31/2025) |
||||||||||||||||
|
Current Expenses |
1 year | 5 year | 10 year | |||||||||||||||
| Equity |
EQ/Large Cap Growth Managed Volatility(1) - EIMG; BlackRock Investment Management, LLC |
0.87% | 11.06% | 11.64% | 15.01% | |||||||||||||
| Equity |
EQ/Large Cap Value Index(1) - EIMG; AllianceBernstein L.P. |
0.74% | 15.04% | 10.52% | 9.77% | |||||||||||||
| Equity |
EQ/Large Cap Value Managed Volatility(1) - EIMG; AllianceBernstein L.P. |
0.86% | 10.62% | 9.69% | 9.56% | |||||||||||||
| Equity |
EQ/Mid Cap Index(1) - EIMG; AllianceBernstein L.P. |
0.64% | ^ | 6.80% | 8.42% | 9.99% | ||||||||||||
| Equity |
EQ/Mid Cap Value Managed Volatility(1) - EIMG; BlackRock Investment Management, LLC |
0.97% | 4.98% | 7.62% | 8.20% | |||||||||||||
| Asset Allocation |
EQ/Moderate Allocation(1) - EIMG |
1.08% | 10.25% | 4.14% | 5.78% | |||||||||||||
| Asset Allocation |
EQ/Moderate-Plus Allocation(1) - EIMG |
1.11% | 11.50% | 5.88% | 7.67% | |||||||||||||
| Cash/Cash Equivalent |
EQ/Money Market*(1) - EIMG; Dreyfus, a division of Mellon Investments Corporation |
0.67% | 3.66% | 2.79% | 1.73% | |||||||||||||
| Fixed Income |
EQ/Quality Bond PLUS(1) - EIMG; AllianceBernstein L.P., Pacific Investment Management Company LLC |
0.82% | 6.32% | -0.19% | 1.31% | |||||||||||||
| Equity |
EQ/Small Company Index(1) - EIMG; AllianceBernstein L.P. |
0.63% | 12.57% | 6.16% | 9.44% | |||||||||||||
| Specialty |
Multimanager Technology - EIMG; AllianceBernstein L.P., FIAM LLC, Wellington Management Company LLP |
1.23% | ^ | 25.87% | 12.46% | 19.41% | ||||||||||||
| ^ |
This Portfolio's annual expenses reflect temporary fee reductions. |
| |
EQ Managed Volatility Portfolios that include the EQ volatility management strategy as part of their investment objective and/or principal investment strategy, and the EQ/affiliated Fund of Fund Portfolios that invest in Portfolios that use the EQ volatility management strategy, are identified in the chart by a "". See "Portfolios of the Trusts" for more information regarding volatility management. |
| * |
The Portfolio operates as a "government money market fund." The Portfolio will invest at least 99.5% of its total assets in U.S. government securities, cash, and/or repurchase agreements that are fully collateralized by U.S. government securities or cash. |
| (1) |
Not all variable investment options are available under all contracts. If you purchased your contract after approximately February 17, 2009, only these variable investment options are available under your contract. The other variable investment options listed are only available to contract owners who purchased their contracts before that date. |
| (2) |
Effective on or about June 29, 2026, and subject to shareholder approval, SSGA Funds Management, Inc. will be replaced as a sub-adviser to the Portfolio (or an allocated portion thereof) with AllianceBernstein L.P. |
Guaranteed benefit account restrictions
GUARANTEED WITHDRAWAL BENEFIT FOR LIFE ("GWBL") (if the Guaranteed minimum income benefit converts) investment options:
| EQ Allocation Portfolios | ||
| EQ/Aggressive Allocation | EQ/Moderate Allocation | |
| EQ/Conservative Allocation | EQ/Moderate-Plus Allocation | |
| EQ/Conservative-Plus Allocation | ||
GWBL investment options also include EQ/AB Short Duration Government Bond, EQ/Aggressive Growth Strategy (under certain contracts) and EQ/Equity 500 Index.
100% PRINCIPAL GUARANTEE BENEFIT investment options:
| EQ Allocation Portfolios | ||
| EQ/Aggressive Allocation | EQ/Moderate Allocation | |
| EQ/Conservative Allocation | EQ/Moderate-Plus Allocation | |
| EQ/Conservative-Plus Allocation | ||
100% Principal Guarantee Benefit investment options also include EQ/AB Short Duration Government Bond, EQ/Aggressive Growth Strategy (under certain contracts) and EQ/Equity 500 Index.
7
125% PRINCIPAL GUARANTEE BENEFIT investment options:
| EQ/AB Short Duration Government Bond | EQ/Moderate Allocation | |
| EQ/Equity 500 Index |
Fixed investment options
The following is a list of Fixed investment options currently available under the contract. We may change the features of the Fixed investment options listed below, offer new Fixed investment options, and terminate existing Fixed investment options. We will provide you with written notice before doing so.
See "Fixed investment options" in "Purchasing the contract" in the Prospectus for a description of the Fixed investment options' features.
| Name | Term | Minimum Guaranteed Interest Rate | ||
| Guaranteed interest option | N/A | 1.00% | ||
| Account for special dollar cost averaging | 3 months to 12 months | 1.00% |
8
The Accumulator® Series (Accumulator®, Accumulator® PlusSM, Accumulator® EliteSM and Accumulator® SelectSM)
Issued by
| Equitable Financial Life and Annuity Company | Equitable Financial Life Insurance Company |
We have filed with the Securities and Exchange Commission a Prospectus and a Statement of Additional Information ("SAI") that include additional information about The Accumulator® Series, Equitable Financial Life and Annuity Company and Separate Account No. 49B, and Equitable Financial Life Insurance Company and Separate Account No. 49. The Prospectus and SAI each dated May 1, 2026 are incorporated by reference into this Summary Prospectus. The Prospectus and SAI are available free of charge. To request a copy of either document, to ask about your contract, or to make other investor inquiries, please call 1-800-789-7771. The Prospectus and SAI are also available at our website, www.equitable.com/ICSR#EQH146639.
Class/Contract Identifier: C000247492; C000247497; C000247502; C000247508; C000066355; C000070274; C000070275; C000070276
The Accumulator® Series
Equitable Financial Life and Annuity Company
Equitable Financial Life Insurance Company
Issued through: Separate Account No. 49B and Separate Account No. 49
Contract Classes: Accumulator®, Accumulator® PlusSM, Accumulator® EliteSM and Accumulator® SelectSM
Updating Summary Prospectus for Existing Investors
May 1, 2026
This summary prospectus (the "Summary Prospectus") summarizes key features of the contract. The statutory prospectus (the "Prospectus") and Statement of Additional Information ("SAI") for the contract contain more information about the contract's features, benefits, and risks. The Prospectus and SAI are incorporated by reference into this updating summary prospectus. You can find the current Prospectus, SAI and other information about the contract online at www.equitable.com/ICSR#EQH146640. You can also obtain this information at no cost by calling 1-877-522-5035, by sending an email request to [email protected], or by calling your financial intermediary.
The Accumulator® Series are variable and fixed individual and group flexible premium deferred annuity contracts. This Summary Prospectus only describes Accumulator®, Accumulator® PlusSM, Accumulator® EliteSM and Accumulator® SelectSM. The contracts provide for the accumulation of retirement savings and for income. The contracts offer income and death benefit protection as well. They also offer a number of payout options.
The Securities and Exchange Commission has not approved or disapproved these securities or passed upon the adequacy of this prospectus. Any representation to the contrary is a criminal offense.
The contract is a complex investment that involves risks, including potential loss of principal and previously credited interest. You should speak with a financial professional about the features, benefits, risks, and fees and whether the contract is appropriate for you based on your financial situation and objectives.
The contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals could result in withdrawal charges, negative contract adjustments, taxes, and tax penalties. A market value adjustment will apply to withdrawals, transfers, surrender of your contract, or when we make deductions for charges from a fixed maturity option before the maturity date. The actual amount of the market value adjustment is determined by a formula that depends on, among other things, the difference between the rate to maturity that applies to the amount being withdrawn and the rate to maturity in effect at that time for new allocations to that same fixed maturity option, and the length of time remaining until the maturity date. It is theoretically possible that you could lose up to 100% of your investment and previously credited interest in certain extreme scenarios.
All guarantees are subject to the Company's financial strength and claims paying ability.
Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission's staff and is available at Investor.gov.
#940709 '07/'07.5 All
Updated Information About Your Contract
The information in this Summary Prospectus is a summary of certain contract features that have changed since the Prospectus dated May 1, 2025. This may not reflect all of the changes that have occurred since you entered into your contract.
INVESTMENT OPTIONS
There have been changes to the Appendix "Investment options available under the contract" in this Summary Prospectus.
EXCHANGE OFFER
An exchange offer was made in connection with an assumption reinsurance transaction (the "Program") between Equitable Financial Life and Annuity Company ("EFLA", the "Company" or "we") and Equitable Financial Life Insurance Company ("EFLIC"). Pursuant to the Program, certain EFLIC variable annuity and/or variable and fixed maturity options annuity contracts (each an "EFLIC Contract" and collectively, the "EFLIC Contracts") will be exchanged for identical EFLA contracts (each an "EFLA Contract" and collectively, the "EFLA Contracts"). Not all contracts are eligible for the exchange offer.
Depending on which state your EFLIC Contract was issued in, you may have to affirmatively consent to or have the right to opt-out of the exchange. We will advise you which of the following consent processes applies to your EFLIC contract (based on the state it was issued in):
| | In certain states, you must affirmatively consent to the exchange ("opt-in process"). |
| | In certain states, you will be deemed to have elected the exchange if you do not exercise your right to opt out within a specified period ("opt-out process"). |
| | In certain states, your EFLIC Contract will be exchanged for an EFLA Contract automatically without any action by you ("automatic process"). |
Please note, in a majority of states, you will not be required to take any additional steps or provide affirmative consent before your EFLIC Contract is exchanged for an EFLA Contract.
Important Considerations
If your EFLIC Contract is exchanged for an EFLA Contract:
| | Your EFLIC Contract will terminate and EFLIC will have no further obligation to you for the benefits under your EFLIC Contract. |
| | EFLA will be solely responsible to you for the benefits under your EFLA Contract. |
| | The Account Value in your EFLIC Contract will be transferred to your EFLA Contract without any change in value and there will be no interruption to your investments because of the exchange. |
| | At the time of the exchange, the same investment options available under your EFLIC Contract will be available for investment under your EFLA Contract. Any investment restrictions applicable under your EFLIC Contract will continue to apply under your EFLA Contract. |
| | Your death benefit and any optional benefit(s) under your EFLA Contract immediately after the exchange will be the same as your death benefit and any optional benefit(s) under your EFLIC Contract immediately before the exchange and will continue to be calculated in the same way. |
| | You will receive credit for the time your contributions were invested in your EFLIC Contract for purposes of determining whether a withdrawal charge, if applicable, applies under your EFLA Contract. |
| | We will not assess any charges against you because of the exchange. |
There should be no adverse tax consequences to contract owners because of the Program between EFLIC and EFLA or the exchange of an EFLIC Contract for an EFLA Contract. Notwithstanding, we recommend that you consult your tax advisor.
2
Important information you should consider about the contract
| FEES, EXPENSES, AND ADJUSTMENTS | ||
| Are There Charges or Adjustments for Early Withdrawals? |
Yes. Each series of the contract provides for different withdrawal charge periods and percentages. Accumulator®-If you surrender your contract, apply your cash value to a non-life contingent annuity payment option, or withdraw money from Accumulator® of the contract within 7 years following your last contribution, you will be assessed a withdrawal charge of up to 7% of contributions withdrawn. 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. This loss will be greater if there is a negative market value adjustment, and/or if you have to pay taxes or tax penalties. Accumulator® PlusSM-If you surrender your contract, apply your cash value to a non-life contingent annuity payment option, or withdraw money from Accumulator® PlusSM of the contract within 8 years following your last contribution, you will be assessed a withdrawal charge of up to 8% of contributions withdrawn. 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. This loss will be greater if there is a negative market value adjustment, and/or if you have to pay taxes or tax penalties. Accumulator® EliteSM-If you surrender your contract, apply your cash value to a non-life contingent annuity payment option, or withdraw money from Accumulator® EliteSM of the contract within 4 years following your last contribution, you will be assessed a withdrawal charge of up to 8% of contributions withdrawn. 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. This loss will be greater if there is a negative market value adjustment, and/or if you have to pay taxes or tax penalties. Accumulator® SelectSM-No withdrawal charge. If amounts are removed from a fixed maturity option before the maturity date, there will be a market value adjustment which could greatly reduce the value in your fixed maturity option by up to 100% in extreme situations. For example, if you allocate $100,000 to a fixed maturity option and later withdraw the entire amount before the maturity date, you could lose up to $100,000 of your investment. This loss will be greater if you also have to pay a withdrawal charge, taxes and tax penalties. A market value adjustment will apply to withdrawals, transfers, surrender of your contract, or when we make deductions for charges from a fixed maturity option before the maturity date. For additional information about charges for surrenders and early withdrawals see "Withdrawal charge" in "Charges, expenses, and adjustments" in the Prospectus. |
|
| Are There Transaction Charges? |
Yes. In addition to withdrawal charges, you may also be charged for other transactions including special requests such as wire transfers, express mail and duplicate contracts. For additional information about transaction charges see "Charges that the Company deducts" in "Charges, expenses, and adjustments" in the Prospectus. |
|
| Are There Ongoing Fees and Expenses? | Yes. Each series of the contract provides for different ongoing fees and expenses. The table below describes the fees and expenses that you may pay each year, depending on the investment options and optional benefits 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 series)(1) | 1.30 | % | 1.70% | |||
| Portfolio Company 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 | % | 1.10% | |||
|
(1) Expressed as an annual percent of daily net assets in the variable investment options. (2) Expressed as an annual percentage of daily net assets in the Portfolio. This range is for the year ended December 31, 2025 and could change from year to year. (3) Expressed as an annual percentage of the applicable benefit base. |
||
3
| 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 and that you do not take withdrawals from the contract, which could add withdrawal charges and market value adjustments that substantially increase costs. |
|
Lowest Annual Cost $1,986 |
Highest Annual Cost $4,875 |
|
|
Assumes: Investment of $100,000 5% annual appreciation Least expensive combination of contract series and Portfolio fees and expenses No optional benefits No sales charges No additional contributions, transfers or withdrawals No contract adjustments |
Assumes: Investment of $100,000 5% annual appreciation Most expensive combination of contract series (Accumulator® PlusSM), optional benefits (GMIB and Greater of 6 1/2% Roll-Up to age 85 or Annual Ratchet to age 85 death benefit) and Portfolio fees and expenses No sales charges No additional contributions, transfers or withdrawals No contract adjustments |
|
| For additional information about ongoing fees and expenses see "Fee Table" in the Prospectus. | ||
|
RISKS |
||
| Is There a Risk of Loss from Poor Performance? |
Yes. The contract is subject to the risk of loss. You could lose some or all of your account value depending on the investment options you choose. For additional information about the risk of loss see "Principal risks of investing in the Contract" 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. Amounts removed from a fixed maturity option will not receive credited interest, and may result in a negative market value adjustment which could be significantly greater than the amount withdrawn. For additional information about the investment profile of the contract see "Fee Table" in the Prospectus. |
|
| What Are the Risks Associated with the Investment Options? |
An investment in the contract is subject to the risk of poor investment performance and can vary depending on the performance of the variable investment options available under the contract, (e.g., the Portfolios). Each investment option, including the guaranteed interest option and fixed maturity option, has its own unique risks. You should review the investment options including the fixed maturity options available under the contract before making an investment decision. For additional information about the risks associated with investment options see "Variable investment options", "Fixed investment options" and "Portfolios of the Trust" in "Purchasing the Contract" as well as "Risks associated with the variable investment options" and "Risks associated with the fixed maturity options" in "Principal Risks of investing in the contract" in the Prospectus. See also Appendix "Investment options available under the contract" in the Prospectus. |
|
| What Are the Risks Related to the Insurance Company? |
An investment in the contract is subject to 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 fixed investment options, and any Guaranteed benefits under the contract are supported by our general account and are subject to our claims-paying ability. An owner should look solely to our financial strength for our claims-paying ability. More information about the Company, including our financial strength ratings, may be obtained at https://equitable.com/about-us/financial-strength-ratings. For additional information about insurance company risks see "About the general account" in "More information" in the Prospectus. |
|
4
| RESTRICTIONS | ||
| Are There Restrictions on the Investment Options? |
Yes. We may, at any time, exercise our rights to limit or terminate your contributions, allocations and transfers to any of the variable investment options and to limit the number of variable investment options which you may select. Such rights include, among others, removing or substituting the Portfolios, combining any two or more variable investment options and transferring account value from any variable investment option to another variable investment option. With limited exceptions, we no longer accept contributions to the contracts. We currently continue to accept contributions to: (i) QP contracts; and (ii) all contracts, except TSA contracts, issued in the state of Florida. References to contributions in the Prospectus are for the benefit of contract owners currently eligible to continue making contributions to the contracts. Credits under Accumulator® PlusSM contracts may be recaptured upon free look, annuitization, and death. There are restrictions regarding 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 Special DCA programs. See "Allocating your contributions" in "Purchasing the Contract" and "Transferring your account value" in "Transferring your money among investment options" in the Prospectus for more information. For more information see "About the Variable Investment Option Separate Account" in "More information" in the Prospectus. We will not accept allocations to a fixed maturity option if on the date the contribution or transfer is to be applied the rate to maturity is 3%. This means that at points in time there may be no fixed maturity options available. You can allocate your contributions to one or more of these fixed maturity options. However, you may not allocate more than one contribution to any one fixed maturity option. Contributions and transfers into and out of the guaranteed interest option are limited. For additional information about restrictions on the investment options, see "Transfer charge" in "Charges, expenses, and adjustments", "Portfolios of the Trust", "Guaranteed investment option" and "Fixed maturity options" in "Purchasing the Contract" and "Transferring your money among investment options" in the Prospectus. |
|
| Are There Any Restrictions on Contract Benefits? |
Yes. At any time, we have the right to limit or terminate your contributions, allocations and transfers to any of the variable investment options. If 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). Investment options are limited 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. The standard and optional death benefits offered with the contract are available only at contract purchase. Withdrawals could significantly reduce or terminate the death benefit. For additional information about the optional benefits see "How you can contribute to your contract" in "Purchasing the Contract" in the Prospectus. See also "Death Benefits" and "Living Benefits" in "Benefits available under the contract" in the Prospectus. |
|
| TAXES | ||
| What are the Contract's Tax Implications? |
You should consult with a tax professional to determine the tax implications of an investment in, and payments received under, the contract. There is no additional tax benefit to you if the contract is purchased through a tax-qualified plan or individual retirement account (IRA). Withdrawals will be subject to ordinary income tax and may be subject to tax penalties. Generally, you are not taxed until you make a withdrawal from the contract. For additional information about tax implications see "Tax information" in the Prospectus. |
|
| CONFLICTS OF INTEREST | ||
| How are Investment Professionals Compensated? |
Some financial professionals may receive compensation for selling the contract to you, both in the form of commissions or in the form of contribution-based compensation. Financial professionals may also receive additional compensation for enhanced marketing opportunities and other services (commonly referred to as "marketing allowances"). This conflict of interest may influence the financial professional to recommend this contract over another investment. For additional information about compensation to financial professionals see "Distribution of the contracts" in "More information" in the Prospectus. |
|
5
| Should I Exchange My Contract? |
Some financial professionals may have a financial incentive to offer a new contract in place of the one you already own. You should only exchange your contract if you determine, after comparing the features, fees, and risks of both contracts, as well as any fees or penalties to terminate your existing contract, that it is preferable to purchase the new contract rather than continue to own your existing contract. For additional information about exchanges see "Charge for third-party transfer or exchange" in "Charges, expenses, and adjustments" in the Prospectus. |
6
Appendix: Investment options available under the contract
Variable investment options
The following is a list of Portfolio Companies available under the contract. More information about the Portfolio Companies is available in the prospectuses for the Portfolio Companies, which may be amended from time to time and can be found online at www.equitable.com/ICSR#EQH146640. You can request this information at no cost by calling 1-877-522-5035 or by sending an email request to [email protected]. If you elect certain Guaranteed benefits, you may only invest in the Portfolios listed in the designated table(s) below.
The current expenses and performance information below reflects fee and expenses of the Portfolios, but do not reflect the other fees and expenses that your contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Portfolio's past performance is not necessarily an indication of future performance.
|
TYPE |
Portfolio Company - Investment Adviser; Sub-Adviser(s), as applicable |
Average Annual Total Returns (as of 12/31/2025) |
||||||||||||||||
|
Current Expenses |
1 year | 5 year | 10 year | |||||||||||||||
|
Specialty |
1290 VT GAMCO Mergers & Acquisitions - Equitable Investment Management Group, LLC ("EIMG"); GAMCO Asset Management, Inc. |
1.29 | %^ | 15.91 | % | 7.70 | % | 5.38 | % | |||||||||
|
Equity |
1290 VT GAMCO Small Company Value - EIMG; GAMCO Asset Management, Inc. |
1.05 | % | 12.82 | % | 11.24 | % | 10.77 | % | |||||||||
|
Equity |
1290 VT SmartBeta Equity ESG - EIMG; AXA Investment Managers US Inc. |
1.10 | % | 13.95 | % | 10.21 | % | 10.74 | % | |||||||||
|
Equity |
1290 VT Socially Responsible - EIMG; BlackRock Investment Management, LLC |
0.90 | % | 17.23 | % | 13.04 | % | 13.83 | % | |||||||||
|
Equity |
EQ/2000 Managed Volatility - EIMG; AllianceBernstein L.P., BlackRock Investment Management, LLC |
0.84 | % | 9.32 | % | 4.40 | % | 8.33 | % | |||||||||
|
Equity |
EQ/400 Managed Volatility - EIMG; AllianceBernstein L.P., BlackRock Investment Management, LLC |
0.85 | %^ | 3.31 | % | 7.06 | % | 9.21 | % | |||||||||
|
Fixed Income |
EQ/AB Short Duration Government Bond - EIMG; AllianceBernstein L.P. |
0.77 | %^ | 4.17 | % | 2.11 | % | 1.56 | % | |||||||||
|
Equity |
EQ/AB Small Cap Growth - EIMG; AllianceBernstein L.P. |
0.92 | % | 9.21 | % | 3.43 | % | 10.10 | % | |||||||||
|
Asset Allocation |
EQ/Aggressive Allocation - EIMG |
1.15 | % | 12.97 | % | 7.79 | % | 9.47 | % | |||||||||
|
Asset Allocation |
EQ/Aggressive Growth Strategy - EIMG |
1.01 | % | 12.17 | % | 7.61 | % | 9.04 | % | |||||||||
|
Asset Allocation |
EQ/Balanced Strategy - EIMG |
0.97 | % | 10.05 | % | 4.68 | % | 6.08 | % | |||||||||
|
Equity |
EQ/ClearBridge Select Equity Managed Volatility - EIMG; BlackRock Investment Management, LLC, ClearBridge Investments, LLC |
1.06 | %^ | 7.66 | % | 8.42 | % | 12.21 | % | |||||||||
|
Equity |
EQ/Common Stock Index - EIMG; AllianceBernstein L.P. |
0.67 | %^ | 16.28 | % | 12.50 | % | 13.55 | % | |||||||||
|
Asset Allocation |
EQ/Conservative Allocation - EIMG |
1.00 | %^ | 7.48 | % | 1.74 | % | 3.11 | % | |||||||||
|
Asset Allocation |
EQ/Conservative-Plus Allocation - EIMG |
1.09 | % | 9.06 | % | 3.38 | % | 4.94 | % | |||||||||
|
Fixed Income |
EQ/Core Bond Index(1) - EIMG; SSGA Funds Management, Inc. |
0.62 | %^ | 6.43 | % | 0.35 | % | 1.70 | % | |||||||||
|
Equity |
EQ/Equity 500 Index - EIMG; AllianceBernstein L.P. |
0.53 | %^ | 17.23 | % | 13.79 | % | 14.15 | % | |||||||||
|
Equity |
EQ/Franklin Small Cap Value Managed Volatility - EIMG; BlackRock Investment Management, LLC, Franklin Mutual Advisers, LLC |
1.05 | %^ | 7.06 | % | 6.11 | % | 8.71 | % | |||||||||
|
Equity |
EQ/Global Equity Managed Volatility - EIMG; BlackRock Investment |
1.08 | %^ | 19.14 | % | 8.33 | % | 9.47 | % | |||||||||
|
Fixed Income |
EQ/Intermediate Government Bond(1) - EIMG; SSGA Funds Management, Inc. |
0.62 | %^ | 5.54 | % | 0.30 | % | 1.15 | % | |||||||||
|
Equity |
EQ/International Core Managed Volatility - EIMG; BlackRock Investment Management, LLC |
1.06 | % | 26.12 | % | 7.52 | % | 7.48 | % | |||||||||
|
Equity |
EQ/International Equity Index - EIMG; AllianceBernstein L.P. |
0.72 | %^ | 31.46 | % | 9.91 | % | 8.07 | % | |||||||||
|
Equity |
EQ/International Value Managed Volatility - EIMG; BlackRock Investment Management, LLC, Harris Associates LP |
1.04 | % | 26.66 | % | 7.75 | % | 6.77 | % | |||||||||
|
Equity |
EQ/Janus Enterprise - EIMG; Janus Henderson Investors US LLC |
1.04 | % | 8.05 | % | 7.06 | % | 10.61 | % | |||||||||
|
Equity |
EQ/Large Cap Core Managed Volatility - EIMG; BlackRock Investment Management, LLC |
0.88 | % | 10.88 | % | 12.03 | % | 12.83 | % | |||||||||
|
Equity |
EQ/Large Cap Growth Index - EIMG; AllianceBernstein L.P. |
0.71 | % | 17.74 | % | 14.51 | % | 17.26 | % | |||||||||
7
|
TYPE |
Portfolio Company - Investment Adviser; Sub-Adviser(s), as applicable |
Average Annual Total Returns (as of 12/31/2025) |
||||||||||||||||
|
Current Expenses |
1 year | 5 year | 10 year | |||||||||||||||
|
Equity |
EQ/Large Cap Growth Managed Volatility - EIMG; BlackRock Investment Management, LLC |
0.87 | % | 11.06 | % | 11.64 | % | 15.01 | % | |||||||||
|
Equity |
EQ/Large Cap Value Index - EIMG; AllianceBernstein L.P. |
0.74 | % | 15.04 | % | 10.52 | % | 9.77 | % | |||||||||
|
Equity |
EQ/Large Cap Value Managed Volatility - EIMG; AllianceBernstein L.P. |
0.86 | % | 10.62 | % | 9.69 | % | 9.56 | % | |||||||||
|
Equity |
EQ/Mid Cap Index - EIMG; AllianceBernstein L.P. |
0.64 | %^ | 6.80 | % | 8.42 | % | 9.99 | % | |||||||||
|
Equity |
EQ/Mid Cap Value Managed Volatility - EIMG; BlackRock Investment Management, LLC |
0.97 | % | 4.98 | % | 7.62 | % | 8.20 | % | |||||||||
|
Asset Allocation |
EQ/Moderate Allocation - EIMG |
1.08 | % | 10.25 | % | 4.14 | % | 5.78 | % | |||||||||
|
Asset Allocation |
EQ/Moderate-Plus Allocation - EIMG |
1.11 | % | 11.50 | % | 5.88 | % | 7.67 | % | |||||||||
|
Cash/Cash Equivalent |
EQ/Money Market* - EIMG; Dreyfus, a division of Mellon Investments Corporation |
0.67 | % | 3.66 | % | 2.79 | % | 1.73 | % | |||||||||
|
Fixed Income |
EQ/Quality Bond PLUS - EIMG; AllianceBernstein L.P., Pacific Investment Management Company LLC |
0.82 | % | 6.32 | % | -0.19 | % | 1.31 | % | |||||||||
|
Equity |
EQ/Small Company Index - EIMG; AllianceBernstein L.P. |
0.63 | % | 12.57 | % | 6.16 | % | 9.44 | % | |||||||||
|
Specialty |
Multimanager Technology - EIMG; AllianceBernstein L.P., FIAM LLC, Wellington Management Company LLP |
1.23 | %^ | 25.87 | % | 12.46 | % | 19.41 | % | |||||||||
| ^ |
This Portfolio's annual expenses reflect temporary fee reductions. |
| |
EQ Managed Volatility Portfolios that include the EQ volatility management strategy as part of their investment objective and/or principal investment strategy, and the EQ/affiliated Fund of Fund Portfolios that invest in Portfolios that use the EQ volatility management strategy, are identified in the chart by a "". See "Portfolios of the Trusts" for more information regarding volatility management. |
| * |
The Portfolio operates as a "government money market fund." The Portfolio will invest at least 99.5% of its total assets in U.S. government securities, cash, and/or repurchase agreements that are fully collateralized by U.S. government securities or cash. |
| (1) |
Effective on or about June 29, 2026, and subject to shareholder approval, SSGA Funds Management, Inc. will be replaced as a sub-adviser to the Portfolio (or an allocated portion thereof) with AllianceBernstein L.P. |
Guaranteed benefit account restrictions
100% PRINCIPAL GUARANTEED BENEFIT, GUARANTEED WITHDRAWAL BENEFIT FOR LIFE OR THE GUARANTEED MINIMUM INCOME BENEFIT WITHOUT THE GREATER OF 6½% (OR 6%) ROLL-UP TO AGE 85 ANNUAL RATCHET TO AGE 85 ENHANCED DEATH BENEFIT investment options:
| EQ/AB Short Duration Government Bond | EQ/Conservative-Plus Allocation | |
| EQ/Aggressive Allocation | EQ/Equity 500 Index | |
| EQ/Aggressive Growth Strategy | EQ/Moderate Allocation | |
| EQ/Conservative Allocation | EQ/Moderate-Plus Allocation |
125% PRINCIPAL GUARANTEE BENEFIT investment options:
| EQ/AB Short Duration Government Bond | EQ/Moderate Allocation | |
| EQ/Equity 500 Index |
8
Fixed investment options
The following is a list of Fixed investment options currently available under the contract. We may change the features of the Fixed investment options listed below, offer new Fixed investment options, and terminate existing Fixed investment options. We will provide you with written notice before doing so.
Note: If amounts are removed from a Fixed maturity option before the end of its term, we may apply a market value adjustment. This may result in a significant reduction in your account value.
| Name | Term | Minimum Guaranteed Interest Rate | ||
|
Guaranteed interest option |
N/A | 1.00% | ||
|
Account for special dollar cost averaging |
3 months to 12 months | 1.00% | ||
|
Fixed maturity options |
1 year to 10 years | 3.00% |
See "Fixed investment options" in "Purchasing the Contract" in the Prospectus for a description of the Fixed investment options' features. Also see "Fixed maturity options" under "Purchasing the Contract" and "Market value adjustments" under "Charges, expenses, and adjustments" in the Prospectus.
9
The Accumulator® Series (Accumulator®, Accumulator® PlusSM, Accumulator® EliteSM and Accumulator® SelectSM)
Issued by
| Equitable Financial Life and Annuity Company | Equitable Financial Life Insurance Company |
We have filed with the Securities and Exchange Commission a Prospectus and a Statement of Additional Information ("SAI") that include additional information about The Accumulator® Series, Equitable Financial Life and Annuity Company and Separate Account No. 49B, and Equitable Financial Life Insurance Company and Separate Account No. 49. The Prospectus and SAI each dated May 1, 2026 are incorporated by reference into this Summary Prospectus. The Prospectus and SAI are available free of charge. To request a copy of either document, to ask about your contract, or to make other investor inquiries, please call 1-800-789-7771. The Prospectus and SAI are also available at our website, www.equitable.com/ICSR#EQH146640.
Class/Contract Identifier: C000257566; C000257567; C000257568; C000257569; C000247495; C000247500; C000247505; C000247506; C000047290; C000050998; C000050999; C000051000
The Accumulator® Series
Equitable Financial Life and Annuity Company
Equitable Financial Life Insurance Company
Issued through: Separate Account No. 49B and Separate Account No. 49
Contract Classes: Accumulator®, Accumulator® PlusSM, Accumulator® EliteSM and Accumulator® SelectSM
Updating Summary Prospectus for Existing Investors
May 1, 2026
This summary prospectus (the "Summary Prospectus") summarizes key features of the contract. The statutory prospectus (the "Prospectus") and Statement of Additional Information ("SAI") for the contract contain more information about the contract's features, benefits, and risks. The Prospectus and SAI are incorporated by reference into this updating summary prospectus. You can find the current Prospectus, SAI and other information about the contract online at www.equitable.com/ICSR#EQH146641. You can also obtain this information at no cost by calling 1-877-522-5035, by sending an email request to [email protected], or by calling your financial intermediary.
The Accumulator® Series are variable and fixed individual and group flexible premium deferred annuity contracts. This Summary Prospectus only describes Accumulator®, Accumulator® PlusSM, Accumulator® EliteSM and Accumulator® SelectSM. The contracts provide for the accumulation of retirement savings and for income. The contracts offer income and death benefit protection as well. They also offer a number of payout options.
The Securities and Exchange Commission has not approved or disapproved these securities or passed upon the adequacy of this prospectus. Any representation to the contrary is a criminal offense.
The contract is a complex investment that involves risks, including potential loss of principal and previously credited interest. You should speak with a financial professional about the features, benefits, risks, and fees and whether the contract is appropriate for you based on your financial situation and objectives.
The contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals could result in withdrawal charges, negative contract adjustments, taxes, and tax penalties. A market value adjustment will apply to withdrawals, transfers, surrender of your contract, or when we make deductions for charges from a fixed maturity option before the maturity date. The actual amount of the market value adjustment is determined by a formula that depends on, among other things, the difference between the rate to maturity that applies to the amount being withdrawn and the rate to maturity in effect at that time for new allocations to that same fixed maturity option, and the length of time remaining until the maturity date. It is theoretically possible that you could lose up to 100% of your investment and previously credited interest in certain extreme scenarios.
All guarantees are subject to the Company's financial strength and claims paying ability.
Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission's staff and is available at Investor.gov.
#38397 '06/'06.5 All
Updated Information About Your Contract
The information in this Summary Prospectus is a summary of certain contract features that have changed since the Prospectus dated May 1, 2025. This may not reflect all of the changes that have occurred since you entered into your contract.
INVESTMENT OPTIONS
There have been changes to the Appendix "Investment options available under the contract" in this Summary Prospectus.
EXCHANGE OFFER
An exchange offer was made in connection with an assumption reinsurance transaction (the "Program") between Equitable Financial Life and Annuity Company ("EFLA", the "Company" or "we") and Equitable Financial Life Insurance Company ("EFLIC"). Pursuant to the Program, certain EFLIC variable annuity and/or variable and fixed maturity options annuity contracts (each an "EFLIC Contract" and collectively, the "EFLIC Contracts") will be exchanged for identical EFLA contracts (each an "EFLA Contract" and collectively, the "EFLA Contracts"). Not all contracts are eligible for the exchange offer.
Depending on which state your EFLIC Contract was issued in, you may have to affirmatively consent to or have the right to opt-out of the exchange. We will advise you which of the following consent processes applies to your EFLIC contract (based on the state it was issued in):
| | In certain states, you must affirmatively consent to the exchange ("opt-in process"). |
| | In certain states, you will be deemed to have elected the exchange if you do not exercise your right to opt out within a specified period ("opt-out process"). |
| | In certain states, your EFLIC Contract will be exchanged for an EFLA Contract automatically without any action by you ("automatic process"). |
Please note, in a majority of states, you will not be required to take any additional steps or provide affirmative consent before your EFLIC Contract is exchanged for an EFLA Contract.
Important Considerations
If your EFLIC Contract is exchanged for an EFLA Contract:
| | Your EFLIC Contract will terminate and EFLIC will have no further obligation to you for the benefits under your EFLIC Contract. |
| | EFLA will be solely responsible to you for the benefits under your EFLA Contract. |
| | The Account Value in your EFLIC Contract will be transferred to your EFLA Contract without any change in value and there will be no interruption to your investments because of the exchange. |
| | At the time of the exchange, the same investment options available under your EFLIC Contract will be available for investment under your EFLA Contract. Any investment restrictions applicable under your EFLIC Contract will continue to apply under your EFLA Contract. |
| | Your death benefit and any optional benefit(s) under your EFLA Contract immediately after the exchange will be the same as your death benefit and any optional benefit(s) under your EFLIC Contract immediately before the exchange and will continue to be calculated in the same way. |
| | You will receive credit for the time your contributions were invested in your EFLIC Contract for purposes of determining whether a withdrawal charge, if applicable, applies under your EFLA Contract. |
| | We will not assess any charges against you because of the exchange. |
There should be no adverse tax consequences to contract owners because of the Program between EFLIC and EFLA or the exchange of an EFLIC Contract for an EFLA Contract. Notwithstanding, we recommend that you consult your tax advisor.
2
Important information you should consider about the contract
| FEES, EXPENSES, AND ADJUSTMENTS | ||
| Are There Charges or Adjustments for Early Withdrawals? |
Yes. Each series 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 payment option, or withdraw money from Accumulator® of the contract within 7 years following your last contribution, you will be assessed a withdrawal charge of up to 7% of contributions withdrawn. 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. This loss will be greater if there is a negative market value adjustment, and/or if you have to pay taxes or tax penalties. Accumulator® PlusSM - If you surrender your contract, apply cash value to a non-life contingent annuity payment option, or withdraw money from Accumulator® PlusSM of the contract within 8 years following your last contribution, you will be assessed a withdrawal charge of up to 8% of contributions withdrawn. 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. This loss will be greater if there is a negative market value adjustment, and/or if you have to pay taxes or tax penalties. Accumulator® EliteSM - If you surrender your contract, apply cash value to a non-life contingent annuity payment option, or withdraw money from Accumulator® EliteSM of the contract within 4 years following your last contribution, you will be assessed a withdrawal charge of up to 8% of contributions withdrawn. 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. This loss will be greater if there is a negative market value adjustment, and/or if you have to pay taxes or tax penalties. Accumulator® SelectSM - No withdrawal charge. If amounts are removed from a fixed maturity option before the maturity date, there will be a market value adjustment which could greatly reduce the value in your fixed maturity option by up to 100% in extreme situations. For example, if you allocate $100,000 to a fixed maturity option and later withdraw the entire amount before the maturity date, you could lose up to $100,000 of your investment. This loss will be greater if you also have to pay a withdrawal charge, taxes and tax penalties. A market value adjustment will apply to withdrawals, transfers, surrender of your contract, or when we make deductions for charges from a fixed maturity option before the maturity date. For additional information about charges for surrenders and early withdrawals see "Withdrawal charge" in "Charges, expenses, and adjustments" in the Prospectus. |
|
| Are There Transaction Charges? |
Yes. In addition to withdrawal charges and market value adjustments, you may also be charged for other transactions including special requests such as wire transfers, express mail and duplicate contracts. For additional information about transaction charges see "Charges that the Company deducts" in "Charges, expenses, and adjustments" in the Prospectus. |
| Are There Ongoing Fees and Expenses? | Yes. Each series of the contract provides for different ongoing fees and expenses. The table below describes the fees and expenses that you may pay each year depending on the investment options and optional benefits 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 series)(1) | 1.30% | 1.70% | ||
| Portfolio Company 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% | 0.90% | ||
|
(1) Expressed as an annual percent of daily net assets in the variable investment options. (2) Expressed as an annual percentage of daily net assets in the Portfolio. This range is for the year ended December 31, 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 and that you do not take withdrawals from the contract, which could add withdrawal charges and market value adjustments that substantially increase costs. | ||
3
|
Lowest Annual Cost $1,986 |
Highest Annual Cost $4,137 |
|
|
Assumes: Investment of $100,000 5% annual appreciation Least expensive combination of contract series and Portfolio fees and expenses No optional benefits No sales charges No additional contributions, transfers or withdrawals No contract adjustments |
Assumes: Investment of $100,000 5% annual appreciation Most expensive combination of contract series (Accumulator® PlusSM), optional benefits (GWBL and Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85 death benefit) and Portfolio fees and expenses No sales charges No additional contributions, transfers or withdrawals No contract adjustments |
|
| For additional information about ongoing fees and expenses see "Fee Table" in the Prospectus. | ||||
| RISKS | ||
| Is There a Risk of Loss from Poor Performance? |
Yes. The contract is subject to the risk of loss. You could lose some or all of your account value depending on the investment options you choose. For additional information about the risk of loss see "Principal risks of investing in the Contract" 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. Amounts removed from a fixed maturity option will not receive credited interest, and may result in a negative market value adjustment which could be significantly greater than the amount withdrawn. For additional information about the investment profile of the contract see "Fee Table" in the Prospectus. |
|
| What Are the Risks Associated with the Investment Options? |
An investment in the contract is subject to the risk of poor investment performance and can vary depending on the performance of the variable investment options available under the contract, (e.g., the Portfolios). Each investment option, including the guaranteed interest option and fixed maturity option, has its own unique risks. You should review the investment options including the fixed maturity options available under the contract before making an investment decision. For additional information about the risks associated with investment options see "Variable investment options", "Fixed investment options" and "Portfolios of the Trust" in "Purchasing the Contract" as well as "Risks associated with the variable investment options" and "Risks associated with the fixed maturity options" in "Principal Risks of investing in the contract" in the Prospectus. See also Appendix "Investment options available under the contract" in the Prospectus. |
|
| What Are the Risks Related to the Insurance Company? |
An investment in the contract is subject to 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 fixed investment options, and any Guaranteed benefits under the contract are supported by our general account and are subject to our claims-paying ability. An owner should look solely to our financial strength for our claims-paying ability. More information about the Company, including our financial strength ratings, may be obtained at https://equitable.com/about-us/financial-strength-ratings. For additional information about insurance company risks see "About the general account" in "More information" in the Prospectus. |
|
4
| RESTRICTIONS | ||
| Are There Restrictions on the Investment Options? |
Yes. We may, at any time, exercise our rights to limit or terminate your contributions, allocations and transfers to any of the variable investment options and to limit the number of variable investment options which you may select. Such rights include, among others, removing or substituting the Portfolios, combining any two or more variable investment options and transferring account value from any variable investment option to another variable investment option. With limited exceptions, we no longer accept contributions to the contracts. We currently continue to accept contributions to: (i) QP contracts; and (ii) all contracts, except TSA contracts, issued in the state of Florida. References to contributions in the Prospectus are for the benefit of contract owners currently eligible to continue making contributions to the contracts. Credits under Accumulator® PlusSM contracts may be recaptured upon free look, annuitization, and death. There are restrictions regarding 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 Special DCA programs. See "Allocating your contributions" in "Purchasing the Contract" and "Transferring your account value" in "Transferring your money among investment options" in the Prospectus for more information. For more information see "About the Variable Investment Option Separate Account" in "More information" in the Prospectus. We will not accept allocations to a fixed maturity option if on the date the contribution or transfer is to be applied the rate to maturity is 3%. This means that at points in time there may be no fixed maturity options available. You can allocate your contributions to one or more of these fixed maturity options. However, you may not allocate more than one contribution to any one fixed maturity option. Contributions and transfers into and out of the guaranteed interest option are limited. For additional information about restrictions on the investment options, see "Transfer charge" in "Charges, expenses, and adjustments", "Portfolios of the Trust", "Guaranteed investment option" and "Fixed maturity options" in "Purchasing the Contract" and "Transferring your money among investment options" in the Prospectus. |
|
| Are There Any Restrictions on Contract Benefits? |
Yes. At any time, we have the right to limit or terminate your contributions, allocations and transfers to any of the variable investment options. If 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). Investment options are limited 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. The standard and optional death benefits offered with the contract are available only at contract purchase. Withdrawals could significantly reduce or terminate the death benefit. For additional information about the optional benefits see "How you can contribute to your contract" in "Purchasing the Contract" in the Prospectus. See also "Death Benefits" and "Living Benefits" in "Benefits available under the contract" in the Prospectus. |
|
| TAXES | ||
| What are the Contract's Tax Implications? |
You should consult with a tax professional to determine the tax implications of an investment in, and payments received under, the contract. There is no additional tax benefit to you if the contract is purchased through a tax-qualified plan or individual retirement account (IRA). Withdrawals will be subject to ordinary income tax and may be subject to tax penalties. Generally, you are not taxed until you make a withdrawal from the contract. For additional information about tax implications see "Tax information" in the Prospectus. |
|
| CONFLICTS OF INTEREST | ||
| How are Investment Professionals Compensated? |
Some financial professionals may receive compensation for selling the contract to you, both in the form of commissions or in the form of contribution-based compensation. Financial professionals may also receive additional compensation for enhanced marketing opportunities and other services (commonly referred to as "marketing allowances"). This conflict of interest may influence the financial professional to recommend this contract over another investment. For additional information about compensation to financial professionals see "Distribution of the contracts" in "More information" in the Prospectus. |
|
| Should I Exchange My Contract? |
Some financial professionals may have a financial incentive to offer a new contract in place of the one you already own. You should only exchange your contract if you determine, after comparing the features, fees, and risks of both contracts, as well as any fees or penalties to terminate your existing contract, that it is preferable to purchase the new contract rather than continue to own your existing contract. For additional information about exchanges see "Charge for third-party transfer or exchange" in "Charges, expenses, and adjustments" in the Prospectus. |
|
5
Appendix: Investment options available under the contract
Variable investment options
The following is a list of Portfolio Companies available under the contract. More information about the Portfolio Companies is available in the prospectuses for the Portfolio Companies, which may be amended from time to time and can be found online at www.equitable.com/ICSR#EQH146641. You can request this information at no cost by calling 1-877-522-5035 or by sending an email request to [email protected]. If you elect certain Guaranteed benefits, you may only invest in the Portfolios listed in the designated table(s) below.
The current expenses and performance information below reflects fee and expenses of the Portfolios, but do not reflect the other fees and expenses that your contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Portfolio's past performance is not necessarily an indication of future performance.
|
TYPE |
Portfolio Company - Investment Adviser; Sub-Adviser(s), as applicable |
Current Expenses |
Average Annual Total Returns (as of 12/31/2025) |
|||||||||||||||
|
1 year |
5 year |
10 year |
||||||||||||||||
|
Specialty |
1290 VT GAMCO Mergers & Acquisitions - Equitable Investment Management Group, LLC ("EIMG"); GAMCO Asset Management, Inc. |
1.29 | %^ | 15.91 | % | 7.70 | % | 5.38 | % | |||||||||
|
Equity |
1290 VT GAMCO Small Company Value - EIMG; GAMCO Asset Management, Inc. |
1.05 | % | 12.82 | % | 11.24 | % | 10.77 | % | |||||||||
|
Equity |
1290 VT SmartBeta Equity ESG - EIMG; AXA Investment Managers US Inc. |
1.10 | % | 13.95 | % | 10.21 | % | 10.74 | % | |||||||||
|
Equity |
1290 VT Socially Responsible - EIMG; BlackRock Investment Management, LLC |
0.90 | % | 17.23 | % | 13.04 | % | 13.83 | % | |||||||||
|
Equity |
EQ/2000 Managed Volatility - EIMG; AllianceBernstein L.P., BlackRock Investment Management, LLC |
0.84 | % | 9.32 | % | 4.40 | % | 8.33 | % | |||||||||
|
Equity |
EQ/400 Managed Volatility - EIMG; AllianceBernstein L.P., BlackRock Investment Management, LLC |
0.85 | %^ | 3.31 | % | 7.06 | % | 9.21 | % | |||||||||
|
Fixed Income |
EQ/AB Short Duration Government Bond - EIMG; AllianceBernstein L.P. |
0.77 | %^ | 4.17 | % | 2.11 | % | 1.56 | % | |||||||||
|
Equity |
EQ/AB Small Cap Growth - EIMG; AllianceBernstein L.P. |
0.92 | % | 9.21 | % | 3.43 | % | 10.10 | % | |||||||||
|
Asset Allocation |
EQ/Aggressive Allocation - EIMG |
1.15 | % | 12.97 | % | 7.79 | % | 9.47 | % | |||||||||
|
Asset Allocation |
EQ/Aggressive Growth Strategy - EIMG |
1.01 | % | 12.17 | % | 7.61 | % | 9.04 | % | |||||||||
|
Asset Allocation |
EQ/Balanced Strategy - EIMG |
0.97 | % | 10.05 | % | 4.68 | % | 6.08 | % | |||||||||
|
Equity |
EQ/ClearBridge Select Equity Managed Volatility - EIMG; BlackRock Investment Management, LLC, ClearBridge Investments, LLC |
1.06 | %^ | 7.66 | % | 8.42 | % | 12.21 | % | |||||||||
|
Equity |
EQ/Common Stock Index - EIMG; AllianceBernstein L.P. |
0.67 | %^ | 16.28 | % | 12.50 | % | 13.55 | % | |||||||||
|
Asset Allocation |
EQ/Conservative Allocation - EIMG |
1.00 | %^ | 7.48 | % | 1.74 | % | 3.11 | % | |||||||||
|
Asset Allocation |
EQ/Conservative-Plus Allocation - EIMG |
1.09 | % | 9.06 | % | 3.38 | % | 4.94 | % | |||||||||
|
Fixed Income |
EQ/Core Bond Index(1) - EIMG; SSGA Funds Management, Inc. |
0.62 | %^ | 6.43 | % | 0.35 | % | 1.70 | % | |||||||||
|
Equity |
EQ/Equity 500 Index - EIMG; AllianceBernstein L.P. |
0.53 | %^ | 17.23 | % | 13.79 | % | 14.15 | % | |||||||||
|
Equity |
EQ/Franklin Small Cap Value Managed Volatility - EIMG; BlackRock Investment Management, LLC, Franklin Mutual Advisers, LLC |
1.05 | %^ | 7.06 | % | 6.11 | % | 8.71 | % | |||||||||
|
Equity |
EQ/Global Equity Managed Volatility - EIMG; BlackRock Investment Management, LLC |
1.08 | %^ | 19.14 | % | 8.33 | % | 9.47 | % | |||||||||
|
Fixed Income |
EQ/Intermediate Government Bond(1) - EIMG; SSGA Funds Management, Inc. |
0.62 | %^ | 5.54 | % | 0.30 | % | 1.15 | % | |||||||||
|
Equity |
EQ/International Core Managed Volatility - EIMG; BlackRock Investment Management, LLC |
1.06 | % | 26.12 | % | 7.52 | % | 7.48 | % | |||||||||
|
Equity |
EQ/International Equity Index - EIMG; AllianceBernstein L.P. |
0.72 | %^ | 31.46 | % | 9.91 | % | 8.07 | % | |||||||||
|
Equity |
EQ/International Value Managed Volatility - EIMG; BlackRock Investment Management, LLC, Harris Associates LP |
1.04 | % | 26.66 | % | 7.75 | % | 6.77 | % | |||||||||
|
Equity |
EQ/Janus Enterprise - EIMG; Janus Henderson Investors US LLC |
1.04 | % | 8.05 | % | 7.06 | % | 10.61 | % | |||||||||
|
Equity |
EQ/Large Cap Core Managed Volatility - EIMG; BlackRock Investment Management, LLC |
0.88 | % | 10.88 | % | 12.03 | % | 12.83 | % | |||||||||
|
Equity |
EQ/Large Cap Growth Index - EIMG; AllianceBernstein L.P. |
0.71 | % | 17.74 | % | 14.51 | % | 17.26 | % | |||||||||
|
Equity |
EQ/Large Cap Growth Managed Volatility - EIMG; BlackRock Investment Management, LLC |
0.87 | % | 11.06 | % | 11.64 | % | 15.01 | % | |||||||||
6
|
TYPE |
Portfolio Company - Investment Adviser; Sub-Adviser(s), as applicable |
Current Expenses |
Average Annual Total Returns (as of 12/31/2025) |
|||||||||||||||
|
1 year |
5 year |
10 year |
||||||||||||||||
|
Equity |
EQ/Large Cap Value Index - EIMG; AllianceBernstein L.P. |
0.74 | % | 15.04 | % | 10.52 | % | 9.77 | % | |||||||||
|
Equity |
EQ/Large Cap Value Managed Volatility - EIMG; AllianceBernstein L.P. |
0.86 | % | 10.62 | % | 9.69 | % | 9.56 | % | |||||||||
|
Equity |
EQ/Mid Cap Index - EIMG; AllianceBernstein L.P. |
0.64 | %^ | 6.80 | % | 8.42 | % | 9.99 | % | |||||||||
|
Equity |
EQ/Mid Cap Value Managed Volatility - EIMG; BlackRock Investment Management, LLC |
0.97 | % | 4.98 | % | 7.62 | % | 8.20 | % | |||||||||
|
Asset Allocation |
EQ/Moderate Allocation - EIMG |
1.08 | % | 10.25 | % | 4.14 | % | 5.78 | % | |||||||||
|
Asset Allocation |
EQ/Moderate-Plus Allocation - EIMG |
1.11 | % | 11.50 | % | 5.88 | % | 7.67 | % | |||||||||
|
Cash/Cash Equivalent |
EQ/Money Market* - EIMG; Dreyfus, a division of Mellon Investments Corporation |
0.67 | % | 3.66 | % | 2.79 | % | 1.73 | % | |||||||||
|
Fixed Income |
EQ/Quality Bond PLUS - EIMG; AllianceBernstein L.P., Pacific Investment Management Company LLC |
0.82 | % | 6.32 | % | -0.19 | % | 1.31 | % | |||||||||
|
Equity |
EQ/Small Company Index - EIMG; AllianceBernstein L.P. |
0.63 | % | 12.57 | % | 6.16 | % | 9.44 | % | |||||||||
|
Specialty |
Multimanager Technology - EIMG; AllianceBernstein L.P., FIAM LLC, Wellington Management Company LLP |
1.23 | %^ | 25.87 | % | 12.46 | % | 19.41 | % | |||||||||
| ^ |
This Portfolio's annual expenses reflect temporary fee reductions. |
| |
EQ Managed Volatility Portfolios that include the EQ volatility management strategy as part of their investment objective and/or principal investment strategy, and the EQ/affiliated Fund of Fund Portfolios that invest in Portfolios that use the EQ volatility management strategy, are identified in the chart by a "". See "Portfolios of the Trusts" for more information regarding volatility management. |
| * |
The Portfolio operates as a "government money market fund." The Portfolio will invest at least 99.5% of its total assets in U.S. government securities, cash, and/or repurchase agreements that are fully collateralized by U.S. government securities or cash. |
| (1) |
Effective on or about June 29, 2026, and subject to shareholder approval, SSGA Funds Management, Inc. will be replaced as a sub-adviser to the Portfolio (or an allocated portion thereof) with AllianceBernstein L.P. |
Guaranteed benefit account restrictions
| 100% PRINCIPAL GUARANTEE BENEFIT and GUARANTEED WITHDRAWAL BENEFIT FOR LIFE investment options: | ||
|
EQ/AB Short Duration Government Bond |
EQ/Conservative-Plus Allocation | |
|
EQ/Aggressive Allocation |
EQ/Equity 500 Index | |
|
EQ/Aggressive Growth Strategy |
EQ/Moderate Allocation | |
|
EQ/Conservative Allocation |
EQ/Moderate-Plus Allocation | |
| 125% PRINCIPAL GUARANTEE BENEFIT investment options: | ||
|
EQ/AB Short Duration Government Bond |
EQ/Moderate Allocation | |
|
EQ/Equity 500 Index |
||
Fixed investment options
The following is a list of Fixed investment options currently available under the contract. We may change the features of the Fixed investment options listed below, offer new Fixed investment options, and terminate existing Fixed investment options. We will provide you with written notice before doing so.
Note: If amounts are removed from a Fixed maturity option before the end of its term, we may apply a market value adjustment. This may result in a significant reduction in your account value.
| Name | Term | Minimum Guaranteed Interest Rate | ||
|
Guaranteed interest option |
N/A | 1.00% | ||
|
Account for special dollar cost averaging |
3 months to 12 months | 1.00% | ||
|
Fixed maturity options |
1 year to 10 years | 3.00% |
See "Fixed investment options" in "Purchasing the Contract" in the Prospectus for a description of the Fixed investment options' features. Also see "Fixed maturity options" under "Purchasing the Contract" and "Market value adjustments" under "Charges, expenses, and adjustments" in the Prospectus.
7
The Accumulator® Series (Accumulator®, Accumulator® PlusSM, Accumulator® EliteSM and Accumulator® SelectSM)
Issued by
| Equitable Financial Life and Annuity Company | Equitable Financial Life Insurance Company |
We have filed with the Securities and Exchange Commission a Prospectus and a Statement of Additional Information ("SAI") that include additional information about The Accumulator® Series, Equitable Financial Life and Annuity Company and Separate Account No. 49B, and Equitable Financial Life Insurance Company and Separate Account No. 49. The Prospectus and SAI each dated May 1, 2026 are incorporated by reference into this Summary Prospectus. The Prospectus and SAI are available free of charge. To request a copy of either document, to ask about your contract, or to make other investor inquiries, please call 1-800-789-7771. The Prospectus and SAI are also available at our website, www.equitable.com/ICSR#EQH146641.
Class/Contract Identifier: C000257566; C000257567; C000257568; C000257569; C000247494; C000247499; C000247504; C000247507; C000024737; C000024742; C000024749; C000024755; C000050207; C000050208; C000050218; C000050219
The Accumulator® Series
Equitable Financial Life and Annuity Company
Equitable Financial Life Insurance Company
Issued through: Separate Account No. 49B and Separate Account No. 49
Contract Classes: Accumulator®, Accumulator® PlusSM, Accumulator® EliteSM and Accumulator® SelectSM
Updating Summary Prospectus for Existing Investors
May 1, 2026
This summary prospectus (the "Summary Prospectus") summarizes key features of the contract. The statutory prospectus (the "Prospectus") and Statement of Additional Information ("SAI") for the contract contain more information about the contract's features, benefits, and risks. The Prospectus and SAI are incorporated by reference into this updating summary prospectus. You can find the current Prospectus, SAI and other information about the contract online at www.equitable.com/ICSR#EQH146643. You can also obtain this information at no cost by calling 1-877-522-5035, by sending an email request to [email protected], or by calling your financial intermediary.
The Accumulator® Series are variable and fixed individual and group flexible premium deferred annuity contracts. This Summary Prospectus only describes Accumulator®, Accumulator® PlusSM, Accumulator® EliteSM and Accumulator® SelectSM. The contracts provide for the accumulation of retirement savings and for income. The contracts offer income and death benefit protection as well. They also offer a number of payout options.
The Securities and Exchange Commission has not approved or disapproved these securities or passed upon the adequacy of this prospectus. Any representation to the contrary is a criminal offense.
The contract is a complex investment that involves risks, including potential loss of principal and previously credited interest. You should speak with a financial professional about the features, benefits, risks, and fees and whether the contract is appropriate for you based on your financial situation and objectives.
The contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals could result in withdrawal charges, negative contract adjustments, taxes, and tax penalties. A market value adjustment will apply to withdrawals, transfers, surrender of your contract, or when we make deductions for charges from a fixed maturity option before the maturity date. The actual amount of the market value adjustment is determined by a formula that depends on, among other things, the difference between the rate to maturity that applies to the amount being withdrawn and the rate to maturity in effect at that time for new allocations to that same fixed maturity option, and the length of time remaining until the maturity date. It is theoretically possible that you could lose up to 100% of your investment and previously credited interest in certain extreme scenarios.
All guarantees are subject to the Company's financial strength and claims paying ability.
Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission's staff and is available at Investor.gov.
#96338 '02/'04 All
Updated Information About Your Contract
The information in this Summary Prospectus is a summary of certain contract features that have changed since the Prospectus dated May 1, 2025. This may not reflect all of the changes that have occurred since you entered into your contract.
INVESTMENT OPTIONS
There have been changes to the Appendix "Investment options available under the contract" in this Summary Prospectus.
EXCHANGE OFFER
An exchange offer was made in connection with an assumption reinsurance transaction (the "Program") between Equitable Financial Life and Annuity Company ("EFLA", the "Company" or "we") and Equitable Financial Life Insurance Company ("EFLIC"). Pursuant to the Program, certain EFLIC variable annuity and/or variable and fixed maturity options annuity contracts (each an "EFLIC Contract" and collectively, the "EFLIC Contracts") will be exchanged for identical EFLA contracts (each an "EFLA Contract" and collectively, the "EFLA Contracts"). Not all contracts are eligible for the exchange offer.
Depending on which state your EFLIC Contract was issued in, you may have to affirmatively consent to or have the right to opt-out of the exchange. We will advise you which of the following consent processes applies to your EFLIC contract (based on the state it was issued in):
| | In certain states, you must affirmatively consent to the exchange ("opt-in process"). |
| | In certain states, you will be deemed to have elected the exchange if you do not exercise your right to opt out within a specified period ("opt-out process"). |
| | In certain states, your EFLIC Contract will be exchanged for an EFLA Contract automatically without any action by you ("automatic process"). |
Please note, in a majority of states, you will not be required to take any additional steps or provide affirmative consent before your EFLIC Contract is exchanged for an EFLA Contract.
Important Considerations
If your EFLIC Contract is exchanged for an EFLA Contract:
| | Your EFLIC Contract will terminate and EFLIC will have no further obligation to you for the benefits under your EFLIC Contract. |
| | EFLA will be solely responsible to you for the benefits under your EFLA Contract. |
| | The Account Value in your EFLIC Contract will be transferred to your EFLA Contract without any change in value and there will be no interruption to your investments because of the exchange. |
| | At the time of the exchange, the same investment options available under your EFLIC Contract will be available for investment under your EFLA Contract. Any investment restrictions applicable under your EFLIC Contract will continue to apply under your EFLA Contract. |
| | Your death benefit and any optional benefit(s) under your EFLA Contract immediately after the exchange will be the same as your death benefit and any optional benefit(s) under your EFLIC Contract immediately before the exchange and will continue to be calculated in the same way. |
| | You will receive credit for the time your contributions were invested in your EFLIC Contract for purposes of determining whether a withdrawal charge, if applicable, applies under your EFLA Contract. |
| | We will not assess any charges against you because of the exchange. |
There should be no adverse tax consequences to contract owners because of the Program between EFLIC and EFLA or the exchange of an EFLIC Contract for an EFLA Contract. Notwithstanding, we recommend that you consult your tax advisor.
2
Important Information You Should Consider About the Contract
| FEES, EXPENSES, AND ADJUSTMENTS | ||
| Are There Charges or Adjustments for Early Withdrawals? |
Yes. Each series of the contract provides for different withdrawal charge periods and percentages. Accumulator®-If you surrender your contract, apply your cash value to a non-life contingent annuity payment option, or withdraw money from Accumulator® of the contract within 7 years following your last contribution, you will be assessed a withdrawal charge of up to 7% of contributions withdrawn. 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. This loss will be greater if there is a negative market value adjustment, and/or if you have to pay taxes or tax penalties. Accumulator® PlusSM-If you surrender your contract, apply your cash value to a non-life contingent annuity payment option, or withdraw money from Accumulator® PlusSM of the contract within 8 years following your last contribution, you will be assessed a withdrawal charge of up to 8% of contributions withdrawn. 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. This loss will be greater if there is a negative market value adjustment, and/or if you have to pay taxes or tax penalties. Accumulator® EliteSM-If you surrender your contract, apply your cash value to a non-life contingent annuity payment option, or withdraw money from Accumulator® EliteSM of the contract within 4 years following your last contribution, you will be assessed a withdrawal charge of up to 8% of contributions withdrawn. 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. This loss will be greater if there is a negative market value adjustment, and/or if you have to pay taxes or tax penalties. Accumulator® SelectSM-No withdrawal charge. If amounts are removed from a fixed maturity option before the maturity date, there will be a market value adjustment which could greatly reduce the value in your fixed maturity option by up to 100% in extreme situations. For example, if you allocate $100,000 to a fixed maturity option and later withdraw the entire amount before the maturity date, you could lose up to $100,000 of your investment. This loss will be greater if you also have to pay a withdrawal charge, taxes and tax penalties. A market value adjustment will apply to withdrawals, transfers, surrender of your contract, or when we make deductions for charges from a fixed maturity option before the maturity date. For additional information about charges for surrenders and early withdrawals see "Withdrawal charge" in "Charges, expenses, and adjustments" in the Prospectus. |
|
| Are There Transaction Charges? |
Yes. In addition to withdrawal charges and market value adjustments, you may also be charged for other transactions including special requests such as wire transfers, express mail and duplicate contracts. For additional information about transaction charges see "Charges that the Company deducts" in "Charges, expenses, and adjustments" in the Prospectus. |
|
| Are There Ongoing Fees and Expenses? | Yes. Each series of the contract provides for different ongoing fees and expenses. The table below describes the fees and expenses that you may pay each year depending on the investment options and optional benefits 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 series)(1) | 1.25 | % | 1.70% | |||
| Portfolio Company 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 | % | 0.80% | |||
|
(1) Expressed as an annual percent of daily net assets in the variable investment options. (2) Expressed as an annual percentage of daily net assets in the Portfolio. This range is for the year ended December 31, 2025 and could change from year to year. (3) Expressed as an annual percentage of the applicable benefit base. |
||
3
| 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 and that you do not take withdrawals from the contract, which could add withdrawal charges and market value adjustments that substantially increase costs. |
|
Lowest Annual Cost $1,945 |
Highest Annual Cost $4,081 |
|
|
Assumes: Investment of $100,000 5% annual appreciation Least expensive combination of contract series and Portfolio fees and expenses No optional benefits No sales charges No additional contributions, transfers or withdrawals No contract adjustments |
Assumes: Investment of $100,000 5% annual appreciation Most expensive combination of contract series (Accumulator® PlusSM), optional benefits (7% GWB and Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85 death benefit) and Portfolio fees and expenses No sales charges No additional contributions, transfers or withdrawals No contract adjustments |
|
| For additional information about ongoing fees and expenses see "Fee Table" in the Prospectus. | ||
| RISKS | ||
| Is There a Risk of Loss from Poor Performance? |
Yes. The contract is subject to the risk of loss. You could lose some or all of your account value depending on the investment options you choose. For additional information about the risk of loss see "Principal risks of investing in the Contract" 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. Amounts removed from a fixed maturity option will not receive credited interest, and may result in a negative market value adjustment which could be significantly greater than the amount withdrawn. For additional information about the investment profile of the contract see "Fee Table" in the Prospectus. |
|
| What Are the Risks Associated with the Investment Options? |
An investment in the contract is subject to the risk of poor investment performance and can vary depending on the performance of the variable investment options available under the contract, (e.g., the Portfolios). Each investment option, including the guaranteed interest option and fixed maturity option, has its own unique risks. You should review the investment options including the fixed maturity options available under the contract before making an investment decision. For additional information about the risks associated with investment options see "Variable investment options", "Fixed investment options" and "Portfolios of the Trust" in "Purchasing the Contract" as well as "Risks associated with the variable investment options" and "Risks associated with the fixed maturity options" in "Principal Risks of investing in the contract" in the Prospectus. See also Appendix "Investment options available under the contract" in the Prospectus. |
|
| What Are the Risks Related to the Insurance Company? |
An investment in the contract is subject to the risks related to the Company. The Company is solely responsible to the contract owner for the contract's account value and the Guaranteed benefits. The general obligations, including the fixed investment options, and any Guaranteed benefits under the contract are supported by our general account and are subject to our claims-paying ability. An owner should look solely to our financial strength for our claims-paying ability. More information about the Company, including our financial strength ratings, may be obtained at https://equitable.com/about-us/financial-strength-ratings. For additional information about insurance company risks see "About the general account" in "More information" in the Prospectus. |
|
4
| RESTRICTIONS | ||
| Are There Restrictions on the Investment Options? |
Yes. We may, at any time, exercise our rights to limit or terminate your contributions, allocations and transfers to any of the variable investment options and to limit the number of variable investment options which you may select. Such rights include, among others, removing or substituting the Portfolios, combining any two or more variable investment options and transferring account value from any variable investment option to another variable investment option. With limited exceptions, we no longer accept contributions to the contracts. We currently continue to accept contributions to: (i) QP contracts; and (ii) all contracts, except TSA contracts, issued in the state of Maryland. References to contributions in the Prospectus are for the benefit of contract owners currently eligible to continue making contributions to the contracts. Credits under Accumulator® PlusSM contracts may be recaptured upon free look, annuitization, and death. There are restrictions regarding 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 Special DCA programs. See "Allocating your contributions" in "Purchasing the Contract" and "Transferring your account value" in "Transferring your money among investment options" in the Prospectus for more information. For more information see "About the Variable Investment Option Separate Account" in "More information" in the Prospectus. We will not accept allocations to a fixed maturity option if on the date the contribution or transfer is to be applied the rate to maturity is 3%. This means that at points in time there may be no fixed maturity options available. You can allocate your contributions to one or more of these fixed maturity options. However, you may not allocate more than one contribution to any one fixed maturity option. Contributions and transfers into and out of the guaranteed interest option are limited. For additional information about restrictions on the investment options, see "Transfer charge" in "Charges, expenses, and adjustments", "Portfolios of the Trust", "Guaranteed investment option" and "Fixed maturity options" in "Purchasing the Contract" and "Transferring your money among investment options" in the Prospectus. |
|
| Are There Any Restrictions on Contract Benefits? |
Yes. At any time, we have the right to limit or terminate your contributions, allocations and transfers to any of the variable investment options. If 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). Investment options are limited 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. The standard and optional death benefits offered with the contract are available only at contract purchase. Withdrawals could significantly reduce or terminate the death benefit. For additional information about the optional benefits see "How you can contribute to your contract" in "Purchasing the Contract" in the Prospectus. See also "Death Benefits" and "Living Benefits" in "Benefits available under the contract" in the Prospectus. |
|
| TAXES | ||
| What are the Contract's Tax Implications? |
You should consult with a tax professional to determine the tax implications of an investment in, and payments received under, the contract. There is no additional tax benefit to you if the contract is purchased through a tax-qualified plan or individual retirement account (IRA). Withdrawals will be subject to ordinary income tax and may be subject to tax penalties. Generally, you are not taxed until you make a withdrawal from the contract. For additional information about tax implications see "Tax information" in the Prospectus. |
|
5
| CONFLICTS OF INTEREST | ||
| How are Investment Professionals Compensated? |
Some financial professionals may receive compensation for selling the contract to you, both in the form of commissions or in the form of contribution-based compensation. Financial professionals may also receive additional compensation for enhanced marketing opportunities and other services (commonly referred to as "marketing allowances"). This conflict of interest may influence the financial professional to recommend this contract over another investment. For additional information about compensation to financial professionals see "Distribution of the contracts" in "More information" in the Prospectus. |
|
| Should I Exchange My Contract? |
Some financial professionals may have a financial incentive to offer a new contract in place of the one you already own. You should only exchange your contract if you determine, after comparing the features, fees, and risks of both contracts, as well as any fees or penalties to terminate your existing contract, that it is preferable to purchase the new contract rather than continue to own your existing contract. For additional information about exchanges see "Charge for third-party transfer or exchange" in "Charges, expenses, and adjustments" in the Prospectus. |
|
6
Appendix: Investment options available under the contract
Variable investment options
The following is a list of Portfolio Companies available under the contract. More information about the Portfolio Companies is available in the prospectuses for the Portfolio Companies, which may be amended from time to time and can be found online at www.equitable.com/ICSR#EQH146643. You can request this information at no cost by calling 1-877-522-5035 or by sending an email request to [email protected].
The current expenses and performance information below reflects fee and expenses of the Portfolios, but do not reflect the other fees and expenses that your contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Portfolio's past performance is not necessarily an indication of future performance.
|
TYPE |
Portfolio Company - Investment Adviser; Sub-Adviser(s), as applicable |
Average Annual Total Returns (as of 12/31/2025) |
||||||||||||||||
|
Current Expenses |
1 year | 5 year | 10 year | |||||||||||||||
|
Specialty |
1290 VT GAMCO Mergers & Acquisitions - Equitable Investment Management Group, LLC ("EIMG"); GAMCO Asset Management, Inc. |
1.29 | %^ | 15.91 | % | 7.70 | % | 5.38 | % | |||||||||
|
Equity |
1290 VT GAMCO Small Company Value - EIMG; GAMCO Asset Management, Inc. |
1.05 | % | 12.82 | % | 11.24 | % | 10.77 | % | |||||||||
|
Equity |
1290 VT SmartBeta Equity ESG - EIMG; AXA Investment Managers US Inc. |
1.10 | % | 13.95 | % | 10.21 | % | 10.74 | % | |||||||||
|
Equity |
1290 VT Socially Responsible - EIMG; BlackRock Investment Management, LLC |
0.90 | % | 17.23 | % | 13.04 | % | 13.83 | % | |||||||||
|
Equity |
EQ/2000 Managed Volatility - EIMG; AllianceBernstein L.P., BlackRock Investment Management, LLC |
0.84 | % | 9.32 | % | 4.40 | % | 8.33 | % | |||||||||
|
Equity |
EQ/400 Managed Volatility - EIMG; AllianceBernstein L.P., BlackRock Investment Management, LLC |
0.85 | %^ | 3.31 | % | 7.06 | % | 9.21 | % | |||||||||
|
Fixed Income |
EQ/AB Short Duration Government Bond - EIMG; AllianceBernstein L.P. |
0.77 | %^ | 4.17 | % | 2.11 | % | 1.56 | % | |||||||||
|
Equity |
EQ/AB Small Cap Growth - EIMG; AllianceBernstein L.P. |
0.92 | % | 9.21 | % | 3.43 | % | 10.10 | % | |||||||||
|
Asset Allocation |
EQ/Aggressive Allocation - EIMG |
1.15 | % | 12.97 | % | 7.79 | % | 9.47 | % | |||||||||
|
Asset Allocation |
EQ/Aggressive Growth Strategy - EIMG |
1.01 | % | 12.17 | % | 7.61 | % | 9.04 | % | |||||||||
|
Asset Allocation |
EQ/Balanced Strategy - EIMG |
0.97 | % | 10.05 | % | 4.68 | % | 6.08 | % | |||||||||
|
Equity |
EQ/ClearBridge Select Equity Managed Volatility - EIMG; BlackRock Investment Management, LLC, ClearBridge Investments, LLC |
1.06 | %^ | 7.66 | % | 8.42 | % | 12.21 | % | |||||||||
|
Equity |
EQ/Common Stock Index - EIMG; AllianceBernstein L.P. |
0.67 | %^ | 16.28 | % | 12.50 | % | 13.55 | % | |||||||||
|
Asset Allocation |
EQ/Conservative Allocation - EIMG |
1.00 | %^ | 7.48 | % | 1.74 | % | 3.11 | % | |||||||||
|
Asset Allocation |
EQ/Conservative-Plus Allocation - EIMG |
1.09 | % | 9.06 | % | 3.38 | % | 4.94 | % | |||||||||
|
Fixed Income |
EQ/Core Bond Index(1) - EIMG; SSGA Funds Management, Inc. |
0.62 | %^ | 6.43 | % | 0.35 | % | 1.70 | % | |||||||||
|
Equity |
EQ/Equity 500 Index - EIMG; AllianceBernstein L.P. |
0.53 | %^ | 17.23 | % | 13.79 | % | 14.15 | % | |||||||||
|
Equity |
EQ/Franklin Small Cap Value Managed Volatility - EIMG; BlackRock Investment Management, LLC, Franklin Mutual Advisers, LLC |
1.05 | %^ | 7.06 | % | 6.11 | % | 8.71 | % | |||||||||
|
Equity |
EQ/Global Equity Managed Volatility - EIMG; BlackRock Investment Management, LLC |
1.08 | %^ | 19.14 | % | 8.33 | % | 9.47 | % | |||||||||
|
Fixed Income |
EQ/Intermediate Government Bond(1) - EIMG; SSGA Funds Management, Inc. |
0.62 | %^ | 5.54 | % | 0.30 | % | 1.15 | % | |||||||||
|
Equity |
EQ/International Core Managed Volatility - EIMG; BlackRock Investment Management, LLC |
1.06 | % | 26.12 | % | 7.52 | % | 7.48 | % | |||||||||
|
Equity |
EQ/International Equity Index - EIMG; AllianceBernstein L.P. |
0.72 | %^ | 31.46 | % | 9.91 | % | 8.07 | % | |||||||||
|
Equity |
EQ/International Value Managed Volatility - EIMG; BlackRock Investment Management, LLC, Harris Associates LP |
1.04 | % | 26.66 | % | 7.75 | % | 6.77 | % | |||||||||
|
Equity |
EQ/Janus Enterprise - EIMG; Janus Henderson Investors US LLC |
1.04 | % | 8.05 | % | 7.06 | % | 10.61 | % | |||||||||
|
Equity |
EQ/Large Cap Core Managed Volatility - EIMG; BlackRock Investment Management, LLC |
0.88 | % | 10.88 | % | 12.03 | % | 12.83 | % | |||||||||
|
Equity |
EQ/Large Cap Growth Index - EIMG; AllianceBernstein L.P. |
0.71 | % | 17.74 | % | 14.51 | % | 17.26 | % | |||||||||
|
Equity |
EQ/Large Cap Growth Managed Volatility - EIMG; BlackRock Investment Management, LLC |
0.87 | % | 11.06 | % | 11.64 | % | 15.01 | % | |||||||||
7
|
TYPE |
Portfolio Company - Investment Adviser; Sub-Adviser(s), as applicable |
Average Annual Total Returns (as of 12/31/2025) |
||||||||||||||||
|
Current Expenses |
1 year | 5 year | 10 year | |||||||||||||||
|
Equity |
EQ/Large Cap Value Index - EIMG; AllianceBernstein L.P. |
0.74 | % | 15.04 | % | 10.52 | % | 9.77 | % | |||||||||
|
Equity |
EQ/Large Cap Value Managed Volatility - EIMG; AllianceBernstein L.P. |
0.86 | % | 10.62 | % | 9.69 | % | 9.56 | % | |||||||||
|
Equity |
EQ/Mid Cap Index - EIMG; AllianceBernstein L.P. |
0.64 | %^ | 6.80 | % | 8.42 | % | 9.99 | % | |||||||||
|
Equity |
EQ/Mid Cap Value Managed Volatility - EIMG; BlackRock Investment Management, LLC |
0.97 | % | 4.98 | % | 7.62 | % | 8.20 | % | |||||||||
|
Asset Allocation |
EQ/Moderate Allocation - EIMG |
1.08 | % | 10.25 | % | 4.14 | % | 5.78 | % | |||||||||
|
Asset Allocation |
EQ/Moderate-Plus Allocation - EIMG |
1.11 | % | 11.50 | % | 5.88 | % | 7.67 | % | |||||||||
|
Cash/Cash Equivalent |
EQ/Money Market* - EIMG; Dreyfus, a division of Mellon Investments Corporation |
0.67 | % | 3.66 | % | 2.79 | % | 1.73 | % | |||||||||
|
Fixed Income |
EQ/Quality Bond PLUS - EIMG; AllianceBernstein L.P., Pacific Investment Management Company LLC |
0.82 | % | 6.32 | % | -0.19 | % | 1.31 | % | |||||||||
|
Equity |
EQ/Small Company Index - EIMG; AllianceBernstein L.P. |
0.63 | % | 12.57 | % | 6.16 | % | 9.44 | % | |||||||||
|
Specialty |
Multimanager Technology - EIMG; AllianceBernstein L.P., FIAM LLC, Wellington Management Company LLP |
1.23 | %^ | 25.87 | % | 12.46 | % | 19.41 | % | |||||||||
| ^ |
This Portfolio's annual expenses reflect temporary fee reductions. |
| |
EQ Managed Volatility Portfolios that include the EQ volatility management strategy as part of their investment objective and/or principal investment strategy, and the EQ/affiliated Fund of Fund Portfolios that invest in Portfolios that use the EQ volatility management strategy, are identified in the chart by a "". See "Portfolios of the Trusts" for more information regarding volatility management. |
| * |
The Portfolio operates as a "government money market fund." The Portfolio will invest at least 99.5% of its total assets in U.S. government securities, cash, and/or repurchase agreements that are fully collateralized by U.S. government securities or cash. |
| (1) |
Effective on or about June 29, 2026, and subject to shareholder approval, SSGA Funds Management, Inc. will be replaced as a sub-adviser to the Portfolio (or an allocated portion thereof) with AllianceBernstein L.P. |
Fixed investment options
The following is a list of Fixed investment options currently available under the contract. We may change the features of the Fixed investment options listed below, offer new Fixed investment options, and terminate existing Fixed investment options. We will provide you with written notice before doing so.
Note: If amounts are removed from a Fixed maturity option before the end of its term, we may apply a market value adjustment. This may result in a significant reduction in your account value.
| Name | Term | Minimum Guaranteed Interest Rate | ||
|
Guaranteed interest option |
N/A | 1.00% | ||
|
Account for special dollar cost averaging |
3 months to 12 months | 1.00% | ||
|
Fixed maturity options |
1 year to 10 years | 3.00% |
See "Fixed investment options" in "Purchasing the Contract" in the Prospectus for a description of the Fixed investment options' features. Also see "Fixed maturity options" under "Purchasing the Contract" and "Market value adjustments" under "Charges, expenses, and adjustments" in the Prospectus.
8
The Accumulator® Series (Accumulator®, Accumulator® PlusSM, Accumulator® EliteSM and Accumulator® SelectSM)
Issued by
| Equitable Financial Life and Annuity Company | Equitable Financial Life Insurance Company |
We have filed with the Securities and Exchange Commission a Prospectus and a Statement of Additional Information ("SAI") that include additional information about The Accumulator® Series, Equitable Financial Life and Annuity Company and Separate Account No. 49B, and Equitable Financial Life Insurance Company and Separate Account No. 49. The Prospectus and SAI each dated May 1, 2026 are incorporated by reference into this Summary Prospectus. The Prospectus and SAI are available free of charge. To request a copy of either document, to ask about your contract, or to make other investor inquiries, please call 1-800-789-7771. The Prospectus and SAI are also available at our website, www.equitable.com/ICSR#EQH146643.
Class/Contract Identifier: C000257566; C000257567; C000257568; C000257569; C000247493; C000247498; C000247503; C000247510; C000024735; C000024736; C000024740; C000024741; C000024746; C000024747; C000024748; C000024761
Separate Acct No 49 of Equitable Financial Life Insurance Co. published this content on April 27, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 27, 2026 at 14:09 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]