US indexed annuities provider Equitable has announced enhancements to its Structured Capital Strategies Plus registered index-linked annuity to fend off potential negative results on existing contracts.
The financial services firm launched Structured Capital Strategies as its first registered index-linked annuity in 2010. The product allows clients to participate in the performance of one of several equity market indices up to a cap. Equitable would absorb the first -10%, -20% or -30% of potential losses. The indices include the S&P 500 Price Return, Russell 2000 Price Return or iShares MSCI EAFE ETF. The annuity’s new feature, Dual Direction is available with the S&P500 as its b
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