Equitable America Variable Account A of Equitable Financial Life Insurance Company of America has announced the liquidation of the ProFund VP Bear Portfolio, effective April 23, 2027. This decision is significant as it directly impacts investors who hold variable annuity contracts that include this subaccount.

The liquidation will result in the ProFund VP Bear Portfolio Sub-Account being terminated, and any fund value allocated to it will be automatically transferred to the EQ/Money Market Portfolio subaccount. The move comes as part of a broader strategy to streamline investment options and respond to market trends.

Background

Equitable America Variable Account A operates under the investment entity type and is part of Equitable Financial Life Insurance Company of America. The company is incorporated in Arizona and has its business address at 525 Washington Boulevard, 22nd Floor, Jersey City, NJ. It primarily deals with variable annuity contracts, having previously been known as MONY America Variable Account A until a name change in 1992.

What the Filing Says

The filing states, "The Board of Trustees of ProFunds approved a plan to liquidate and terminate the ProFund VP Bear Portfolio... As of that date, the Fund will no longer be available as a subaccount under the Contract." This indicates a clear plan for the transition and the timeline for investors.

Impact

This change may affect current investors in the ProFund VP Bear Portfolio Sub-Account, as they will need to adjust their investment strategies accordingly. The automatic transfer of fund values to the Money Market Sub-Account is designed to minimize disruption for investors, allowing them to maintain their investment allocations without incurring fees during the transition.

What's Next

The filing does not say what happens next beyond the liquidation date. Investors are encouraged to review their allocations and consult with their financial representatives to determine the best course of action.