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FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

Equitable Life & Casualty

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Teton Product Line

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

• 1 Line, 2 Series:• Teton 7, 10, 14• Teton Bonus 7, 10, 14

• Identical product features except:• Teton Bonus has premium bonus and lower rates and indexed

crediting adjustments than Teton

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Teton Series

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

• Fixed indexed annuity specializing in accumulation• 7-, 10- and 14-year versions

• Crediting strategies based on the S&P 500 Index

• Multiple free withdrawal options

• Principal protection

• Tax deferral

• Income options

• Full Account Value at death

• Spousal Continuation

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Teton Bonus Series

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

• Fixed indexed annuity pairing upfront premium bonus with accumulation• 7-, 10- and 14-year versions

• Premium bonus

• Crediting strategies based on the S&P 500 Index

• Multiple free withdrawal options

• Principal protection

• Tax deferral

• Income options

• Full Account Value at death

• Spousal Continuation

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The Basics

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

Teton 7 & Teton Bonus 7

Teton 14 & Teton Bonus 14

Teton 10 & Teton Bonus 10

Minimum Issue Age 0 0 0

Maximum Issue Age 90 85 80

Minimum Premium $10,000

Additional Premiums Allowed first 12 months

Minimum Additional Premium $2,000

Maximum Total Premium $1,000,000

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Additional Premiums

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

• Allocated to the fixed interest strategy for the 1st policy year

• Premium bonus applies if Teton Bonus purchased• After 1st policy year, can be reallocated to indexed

crediting strategies

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Accumulation

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

• Powered by the strength of the S&P 500 Index & powerglobal reach of Barclays Atlas 5

• 8 indexed crediting strategies + fixed• All 1-year crediting strategies• No fees• Can allocate to as few or as many strategies as you like• Minimum strategy allocation of $2,000

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Strength of the S&P 500

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

• The benchmark of the US equity market• Long history dating back to 1957• Over $9.9 Trillion benchmarked to it• Exclusive group of industry leaders with strong financials• Actively maintained & managed• Some of the top companies included: Microsoft, Amazon,

Facebook, Berkshire Hathaway, Johnson & Johnson, Alphabet, Exxon Mobil and JP Morgan Chase

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Power of Global Reach with Barclays Atlas 5

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

• Global diversification• Global index of equities and bonds that allocates to different

parts of the world based on current economic conditions for a given risk level

• Unique to Equitable’s Teton series• Comprised of 6 equity and 5 bond components:

* Non U.S. Dollars denominated assets have their profits and losses converted to U.S. Dollars on a daily basis. ** Equities index components, other than the Emerging Markets ETF, consist of equity futures indices.

S&P 500Equities**

Treasury Futures

Japan*Nasdaq 100 Eurozone* Germany* Emerging Markets

US 10Y Japan 10Y*US 5Y German 10Y* German 5Y*

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Global Reach with Barclays Atlas 5

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

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Crediting Strategies

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

1. Fixed Interest2. Annual Point-to-Point with Cap 3. Annual Point-to-Point with Participation Rate4. Annual Point-to-Point with Spread/Boost5. Monthly Point-to-Point with Cap6. Monthly Average with Cap7. Monthly Average with Participation Rate8. Monthly Average with Spread

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Fixed Interest

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

• Annual interest rate declared annually and guaranteed for 1 policy year

• Renewal interest rates will never be less than minimum in policy• Interest credited daily

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Indexed Interest

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

• Each crediting strategy has 1 adjustment• Types of adjustments include:• Cap• Participation Rate• Spread

• Adjustments declared annually and guaranteed for 1 policy year

• Renewal caps and participation rates will never be less than minimum in policy

• Renewal booster/spread will never be greater than maximum in policy

• Interest credited at end of policy year

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Annual Point-to-Point with Cap

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

• Credits the annual index growth, subject to a cap• Will never earn less than 0%• Currently available with S&P 500• Examples assuming 6% cap:

20%

4%

-5%

6%4%

0%

1. Annual Gain Morethan Cap

2. Annual Gain Lessthan Cap

3. Annual Loss

Examples of Annual Index Changes

Index Interest Credit

1. The Index grew more than the 6% cap, so the interest credit would equal 6%.

2. The Index grew less than the 6% cap, so the interest credit would equal the index growth of 4%.

3. The Index suffered a loss. The interest credit would equal 0%.

Cap

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Annual Point-to-Point with Participation Rate

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

• Credits a portion of the index growth• Will never earn less than 0%• Currently available with S&P 500 & Barclays Atlas 5• Examples assuming 50% participation rate:

1. The Index grew by 20%. The interest credit would be 10% (50% of 20%)

2. The Index grew by 4%. The interest credit would be 2% (50% of 4%).

3. The Index suffered a loss. The Interest credit would equal 0%.

20%

4%

-5%

10%

2%0%

1. Large Annual Gain 2. Small Annual Gain 3. Annual Loss

Examples of Annual Index Changes

Index Interest Credit

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18%

2% 0%

2%

2%

-5%

1. Large Annual Gain 2. Small Annual Gain 3. Annual Loss

Examples of Annual Index Changes

Interest Credit Spread

Annual Point-to-Point with Spread/Boost

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

• Credits the index growth less a spread• Will never earn less than 0%• Currently available with Barclays Atlas 5• Examples assuming 2% spread:

1. The Index grew by 20%. The interest credit would be 18% (20% less 2%)

2. The Index grew by 4%. The interest credit would be 2% (4% less 2%).

3. The Index suffered a loss. The Interest credit would equal 0%.

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20%

-1% -5%

22%

1%0%

1. Large Annual Gain 2. Small Annual Loss 3. Annual Loss

Examples of Annual Index Changes

Index Boost

Annual Point-to-Point with Spread/Boost

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

• Credits the index growth plus a boost• Will never earn less than 0%• Currently available with Barclays Atlas 5• Referred to as Annual Point-to-Point with Spread in policy form• Examples assuming 2% boost:

1. The Index grew by 20%. The interest credit would be 22% (20% plus 2%)

2. The Index had a loss of 1%. The interest credit would be 1% (-1% plus 2%).

3. The Index suffered a loss. The Interest credit would equal 0%.

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3%2%

-3%

0%2%

-2%

3%

1%

3%

-1%

3%

-1%1 2 3 4 5 6 7 8 9 10 11 12

Month

Example of Monthly Index Changes

Capped Monthly Gain Monthly Gain Not Included

Monthly Point-to-Point with Cap

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

• Credits the sum of the capped monthly changes in the index• Will never earn less than 0%• Currently available with S&P 500• Example assuming 3% monthly cap:

• The interest credit would be the sum of the monthly changes. For this example, it would equal 10%.

• Monthly gains are capped, but monthly losses are not limited.

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20%

4%

-5%

8%4%

0%

1. Annual Gain Morethan Cap

2. Annual Gain Lessthan Cap

3. Annual Loss

Examples of Annual Index Changes

Index Interest Credit

Monthly Average with Cap

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

• Credits the percentage change of the index average, up to the cap• Will never earn less than 0%• Currently available with S&P 500• Examples assuming 8% cap:

1. The percentage change was more than the 8% cap, so the interest credit would equal 8%.

2. The percentage change was less than the 8% cap, so the interest credit would equal the percentage change of 4%.

3. The percentage change was negative. The interest credit would equal 0%.

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20%

4%

-5%

15%

3%0%

1. Large PercentageChange

2. Small PercentageChange

3. Negative PercentageChange

Examples of Annual Index Changes

Index Interest Credit

Monthly Average with Participation Rate

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

• Credits a portion of the percentage change of the index average• Will never earn less than 0%• Currently available with the S&P 500• Examples assuming 75% participation rate:

1. The Index had a percentage change of 20%. The interest credit would be 15% (75% of 20%).

2. The Index had a percentage change of 4%. The interest credit would be 3% (75% of 4%).

3. The percentage change was negative. The interest credit would equal 0%.

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18%

2% 0%

2%

2%

-5%

1. Large PercentageChange

2. Small PercentageChange

3. Negative PercentageChange

Examples of Annual Index Changes

Interest Credit Spread

Monthly Average with Spread

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

• Credits the percentage change of the index average less a spread• Will never earn less than 0%• Currently available with the S&P 500• Examples assuming 2% spread:

1. The Index had a percentage change of 20%. The interest credit would be 18% (20% - 2%).

2. The Index had a percentage change of 4%. The interest credit would be 2% (4% - 2%).

3. The percentage change was negative. The interest credit would equal 0%.

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Liquidity

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

• Free Withdrawals• RMDs available immediately

• 5% AV available years 2+

• Cumulative withdrawals available up to 30%

• Income/Annuitization• 7- & 10-Year: 5x5

• 14-Year: 10x5

• Additional Liquidity Benefits• Home Health

• Nursing Home

• Terminal Illness

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Liquidity – California-Specific

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

• Free Withdrawals• RMDs available immediately

• Teton 7 & Teton Bonus 7

• 7% AV available years 1+

• Teton 10 & Teton Bonus 10

• 5% AV available years 1+

• Cumulative withdrawals available up to 30%

• Income/Annuitization• 7- & 10-Year: 5x5

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Wealth Transfer

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

• Full Account Value available at death• Spousal continuation available• All include premium bonus if Teton Bonus purchased

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Teton Early Withdrawal Penalties

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

Teton 7 Teton 14Teton 10

Withdrawal Charges 12, 12, 11, 10, 9, 7, 4%*

12, 12, 11, 10, 9, 8, 7, 6, 4, 2%*

14.75, 13.75, 12.75, 11.75, 10.75, 10, 9, 8, 7, 6, 5, 4, 3, 2%

Market Value Adjustment Yes Yes Yes

*Some states will have a different withdrawal charge schedule.

If a policyholder withdraws an amount that exceeds the free withdrawal amount during the withdrawal charge period, she will incur a withdrawal charge and market value adjustment.

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Teton Bonus Early Withdrawal Penalties

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

*Some states will have a different withdrawal charge and/or premium bonus recovery schedule.

If a policyholder withdraws an amount that exceeds the free withdrawal amount during the withdrawal charge period, she will incur a withdrawal charge, premium bonus recovery and market value adjustment.

Teton Bonus 7 Teton Bonus 14Teton Bonus 10

Withdrawal Charges 12, 12, 11, 10, 9, 7, 4%*

12, 12, 11, 10, 9, 8, 7, 6, 4, 2%*

14.75, 13.75, 12.75, 11.75, 10.75, 10, 9, 8, 7, 6, 5, 4, 3, 2%

Premium Bonus Recovery

100, 90, 80, 70, 60, 50, 40%

100, 100, 100, 100, 100, 100, 80, 60, 40,

20%*

100, 100, 100, 100, 100, 100, 90, 80, 70, 60, 50, 40, 30, 15%

Market Value Adjustment Yes Yes Yes

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Illustration

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

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Suitability

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

• Suitability form is required• Financial information• Objectives• Needs• Source of Funds• Please refer to Agent Suitability Guide and Field Guide

for more information.• Will consider slightly higher transferring withdrawal

charges if purchasing Teton Bonus.

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FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

Equitable Life & Casualty

• Founded in 1935• Utah’s oldest active life insurer• Licensed in 47 states including the District of Columbia

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FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

CertificationPlease sign this certification and email it to Annuity.AgencyServices@equilife.com.

I have reviewed the Teton and Teton Bonus Series product-specific training.

________________________________ ______________________Signature Date________________________________Agent Number

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Barclays Atlas 5 Disclosures

FOR PROPRIETARY USE: EQUITABLE LIFE & CASUALTY

Neither Barclays Bank ("BB PLC") nor any of its affiliates (collectively "Barclays") is the issuer or producer of the Teton Fixed Indexed Annuities ("Teton Annuities") and Barclays has no responsibilities, obligations or duties to investors in the Teton Annuities. The Barclays Atlas 5 (the "Index"), together with any Barclays indices that are components of the Index, is a trademark owned by Barclays and, together with any component indices and index data, is licensed for use by Equitable Life & Casualty Insurance Company ("Equitable") as the issuer or producer of the Teton Annuities (the "Issuer").

Barclays' only relationship with the Issuer in respect of the Index is the licensing of the Index, which is administered, compiled and published by BB PLC in its role as the index sponsor (the "Index Sponsor") without regard to the Issuer of the Teton Annuities or investors in the Teton Annuities. Additionally, Equitable as issuer or producer of the Teton Annuities may for itself execute transaction(s) with Barclays in or relating to the Index in connection with the Teton Annuities. Investors acquire the Teton Annuities from Equitable and investors neither acquire any interest in the Index nor enter into any relationship of any kind whatsoever with Barclays uponmaking an investment in the Teton Annuities. The Teton Annuities are not sponsored, endorsed, sold or promoted by Barclays and Barclays makes no representation regarding the advisability of the Teton Annuities or use of the Index or any data included therein. Barclays shall not be liable in any way to the Issuer, investors or to other third parties in respect of the use or accuracy of the Index or any data included therein.

The financial instrument is not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade mark or the Index Price at any time or in any other respect. The Index is calculated and published by Solactive AG. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards the Issuer, Solactive AG has no obligation to point out errors in the Index to third parties including but not limited to investors and/or financial intermediaries of the financial instrument. Neither publication of the Index by Solactive AG nor the use of the Index or Index trade mark for the purpose of use in connection with the financial instrument constitutes a recommendation by Solactive AG to invest capital in said financial instrument nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in this financial instrument.

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