As you are all aware, interest rates have declined over the last few months. We have watched these developments with a mindset of reacting appropriately while maintaining consistent competitiveness.

While we would prefer not to have a decrease in rates, we believe the changes outlined below are appropriate based on today’s interest rate environment and keep our products in a very competitive position.

We are pleased to announce the following rates for the Secure Savings Series and Teton/Teton Bonus Series product lines effective September 4, 2019:
  • Secure Savings 2, Secure Savings Elite 2 (all states) and Secure Savings Elite 5 rates are all unchanged and holding for the month of September!
  • Secure Savings Elite 5 will still be industry-leading with a rate of 4.00%
  • Secure Savings 5 will drop to 3.75%
  • Good news! The optional liquidity riders will be available for the Secure Savings Elite 5, and the Secure Savings Elite 5 will also be available in Florida!
  • We are making some small adjustments to Teton and Teton Bonus, but these products still remain some of the most competitive products in the industry.
  • Fixed rates are decreasing 25 bps but remain some of the strongest fixed rates offered.
  • Most indexing adjustments have very minor changes – Annual P2P Caps changed 50 bps or less, and Participation Rates decreased no more than 5%. We are very excited most of our monthly caps are unchanged.
  • Teton 14 still has one of the strongest accumulation offerings in the market with its Annual P2P Participation Rate of 55% and Annual P2P Cap of 7%.
Please see above or CLICK HERE for the updated rate sheet (also available on the agent portal). All updated materials will be available on the agent portal by end of day September 3, 2019.

The rates shown on the Secure Savings calculator and Teton illustrations will switch to the new rates on September 4th. 
RATE LOCK GUIDELINES

We have updated our Rate Lock Guidelines (detailed HERE ):
 
• Cash with Application (CWA) - Applications signed prior to September 4, 2019 and received at the home office within 14 calendar days from the signed application date will receive the annuity rates in effect on the date the application was signed. Applications received at the home office beyond 14 calendar days from the signed application date will receive the annuity rates in effect on the date the contract is issued.

• 1035 Exchange/Transfer - Applications must be signed prior to September 4, 2019 and received at the Equitable home office within 14 calendar days from the signed application date. If ALL funds are received in the home office within 60 calendar days from the date the application was signed, the annuity rates will be the interest rates in effect prior to September 4, 2019. If ALL funds are not received in the home office within 60 calendar days, the annuity rates will be those rates in effect on the date the annuity contract is issued.
Be on the lookout for our upcoming webinar schedule!

We will discuss topics such: Equitable's competitive position, a Deep Dive into the Secure Savings Series, Teton & Teton Bonus Series Deep Dives, and much more!
We greatly appreciate your patience while we are in the process of converting everything over to our new & enhanced agent portal!