EQUITABLE FINANCIAL LIFE INSURANCE CO FILES (8-K) Disclosure to Enter into Definitive Agreement, Financial Statements and Exhibits

Item 1.01 Entering into a Product Guarantee Agreement

Get started August 16, 2022, Equitable Financial Life Insurance Companya New
-a permanent insurance company (“Company”), joined the Master
The Transaction Agreement (“Agreement”) is First All American Financial Life
Insurance Company
a Massachusetts-reinsurance company (“Reinsurer”),
following which, among other things, the end of the sale
with this in mind, the Reinsurer and the Company will enter into coinsurance
and reinsurance agreement (“Reinsurance Agreement”) respectively
which the Company will pay to the Reinsurer, for coinsurance included with
modified coinsurance base, part 50% part of the inheritance Group EQUI-VEST®
flexible exchange contracts issued by the Company between 1980 and 2008,
which mainly includes company policies that have a high guarantee
3%, supported by all account balances
approximately $4 billion and $6 billion about the different value of the account (the
“Reinsured Contracts”).

The reinsurer will reserve the assets to support the entire account
in relation to Contracts Reinstated to the trust account for their benefit
The Company, which the property will protect its liability to the Company under
Reinsurance Agreement. The company will also set up various related accounts
to Reinstatement Agreements on the basis of modified coinsurance. Commonwealth Annuity
and Life Insurance Company
an insurance company located at Commonwealth
in Massachusetts
and the Reinsurer’s Affiliates, will provide a guarantee of
Payment of the Reinsurer to the Company under the Reinsurance Agreement.
In addition, depositing assets in a trust account must be followed
investment guidelines and other initiatives related to working capital will be required
extra money. The Reinsurance Agreement also has other provisions
risk management and mitigation measures.

Based on the estimate of June 30, 2022considering the transaction,
The Company expects to receive from the Reinsurer a favorable discount commission
approximately $1.1 billion. The reinsurance service also reduces
Company surplus Regulation 213 redundant reserves.

Under this Agreement, upon closing the transaction,
The opinion of the company AllianceBernstein LPaffiliate of the Company (“AB”), enters into
financial advisory agreement with the Reinsurer, with associated terms and conditions
between the last date and the closing of the event, respectively
AB will be a good manager of about half of the money
General account assets to be transferred to trust account from June 30,
for, according to some, five years. The company
will continue to offer Renewed Contracts.

This Agreement contains customary representations and warranties as well
agreements with each of the parties. Representations and assurances in
The agreement is the result of negotiations between the parties to the agreement and
and for the benefit of such parties. Any errors like this
representations and warranties are to be disclaimed by such parties
in accordance with this Agreement without notice or liability to any third party.
In some cases, the representations and warranties in the Agreement may be limited
representing a role among groups at risk in relation to the particular
matters, and the statements contained in those representations and warranties are
qualified by information disclosed by one party to another in connection with
execution of this Agreement. Therefore, some people leave parties
This Agreement cannot rely on representations and warranties in
Contracts as symbols of reality or events from that date
of the Agreement or any other day. Each of the Company and the Reinsurer are
they agreed to pay the other interest with their partners respectfully
to other losses resulting from its breach
representations, warranties and agreements, and other matters.

The project is expected to close in the second half of 2022. The
termination of closing under this Agreement is subject to satisfaction
or the waiver of the closing conditions set forth in this Agreement, including,
among other things, (i) obtaining the necessary approvals, without
to produce a burdensome condition, and (ii) not to have adverse effects
on Reinsurer (if the company) or Reinsurer Agreements (in
Reinsurer’s case), subject to exceptions and other qualifications.

Item 9.01 Financial Statements and Exhibits

(d) Presentations

104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

                                     - 2 -

————————————————– – —————————-

Notice Regarding Forward-Looking Statements

Some of the information included in this Current Report on Form 8-K is formative
future term within the meaning of Private Securities
Litigation Reform Act of 1995. Words such as “expects,” “believes,”
“expects,” “wants,” “seeks,” “wants,” “plans,” “thinks,” “thinks,”
“work,” “must,” “can,” “could,” “could,” “want,” “must” or a variation of
Such statements are often part of forward-looking statements. Looking ahead
statements are made based on management’s expectations and beliefs
about future events and consequences Similar
Financial Life Insurance Company
(“Equitable Financial”) and its affiliates
assistants. “We,” “us” and “our” refer to Equitable Financial and its affiliates
incorporated entities, unless the subject matter relates to Equitable Financial
as a company. There can be no assurance that future events will occur
that involving Equitable Financial are management expectations.
Forward-looking statements include, without limitation, all things that are not

These forward-looking statements are not guarantees of future performance
It involves risk and uncertainty, and there are other important factors
It may cause actual results to differ, possibly materially, from expectations or
Estimates are expressed in forward-looking statements, including, but not limited to:
(i) conditions in financial and financial markets, including the effects of
COVID-19 and other related financial, equity market declines and volatility,
interest rate fluctuations and liquidity fluctuations are, the acquisition and cost of
capital; (ii) operational matters, to correct our physical weaknesses,
have credit, customer privacy protection or ownership
business information, operational failures, service providers, and
dangerous events, such as outbreaks of epidemics including
DISEASE OF COVID19; (iii) loans, parties and funds, including a partner
default in import contracts, failure of financial institutions, failure and
Third parties are related to bankruptcy, bankruptcy and other events
spend our money; (iv) our insurance and hedging programs;
(v) our properties, structure and distribution properties, including variable annuities
guaranteed benefits within our other, diverse products
capital requirements, financial strength and payment obligations are
important distribution relationships; (vi) estimates, assumptions and
calculations, including risk management policies and procedures, that can be done
inadequacy of the database and information different from price expectations or
reserves, repayment of deferred purchases and types of financing; and
(vii) legal and regulatory risks, including federal and state laws
affecting financial institutions, insurance laws and tax reform.

Forward-looking statements should be read in conjunction with other forward-looking statements
Warnings, risks, uncertainties and other known risks
Equitable Financial’s annual report on Form 10-K for the prior year December 31st,
as amended or supplemented in our Quarterly Reports on
Form 10-Q, including in the section titled “Risks,” and elsewhere
Quarterly Reports in Form 10-Q. You should read the Form 8-K in its entirety and
I understand that actual future results may differ materially
from expectations. Further, any future statements refer only to
the date it was created, and we are under no obligation to revise or revise it
a future sentence showing an event or event after that date
what the words are saying or showing unexpected events
events, unless required by law.

Other risks, uncertainties and factors, including those described under “Risk
Factors”, in our Annual Report on Form 10-K could affect our actual results
it differs greatly from what is expected in any prospectus
making. Readers should carefully read the factors described in “Risk Factors” in
Our Annual Report on Form 10-K to understand risks and uncertainties
the content of our business is based on forward-looking information.

                                     - 3 -

————————————————– – —————————-