Form 497VPI Equitable America Variab

Yes. Each series of the contract provides for different withdrawal charge periods and percentages.

Series B — If you surrender your contract, apply cash value to a non-life contingent annuity payment option, or withdraw money from Series B of the contract within 7 years following your last contribution, you will be assessed a withdrawal charge of up to 7% of contributions withdrawn. For example, if you make a withdrawal in the first year, you could pay a withdrawal charge of up to $7,000 on a $100,000 investment. This loss will be greater if there are taxes, or tax penalties.

Series CP^® — If you surrender your contract, apply cash value to a non-life contingent annuity payment option, or withdraw money from Series CP^® of the contract within 9 years following your last contribution, you will be assessed a withdrawal charge of up to 8% of contributions withdrawn. For example, if you make a withdrawal in the first year, you could pay a withdrawal charge of up to $8,000 on a $100,000 investment. This loss will be greater if there are taxes, or tax penalties.

Series L — If you surrender your contract, apply cash value to a non-life contingent annuity payment option, or withdraw money from Series L of the contract within 4 years following your last contribution, you will be assessed a withdrawal charge of up to 8% of contributions withdrawn. For example, if you make a withdrawal in the first year, you could pay a withdrawal charge of up to $8,000 on a $100,000 investment. This loss will be greater if there are taxes, or tax penalties.

Series C — If you surrender your contract, apply cash value to a non-life contingent annuity payment option, or withdraw money from Series C you will not be assessed a withdrawal charge.

For additional information about charges for surrenders and early withdrawals see “Withdrawal charge” in “Charges and expenses” in the Prospectus.

Yes. In addition to withdrawal charges, you may also be charged for other transactions including special requests such as wire transfers, express mail, duplicate contracts, preparing checks, third-party transfers or exchanges; or when you transfer between investment options in excess a certain number.

For additional information about transaction charges see “Charges that the Company deducts” in “Charges and expenses” in the Prospectus.

Yes. Each series of the contract provides for different ongoing fees and expenses. The tables below describe the fees and expenses that you may pay each year, depending on the investment options and optional benefits you choose. Please refer to your contract specifications page for information about the specific fees you will pay each year based on the options you have elected.

0.54%

(1)  Expressed as an annual percentage of daily net assets in the variable investment options.

(2)  Expressed as an annual percentage of daily net assets in the Portfolio. This range is for the year ended December 31, 2025 and could change from year to year.

(3)  Expressed as an annual percentage of the applicable benefit base.

Because your contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your contract, the following table shows the lowest and highest cost you could pay each year, based on current charges. This estimate assumes no credits and that you do not take withdrawals from the contract, which could add withdrawal charges that substantially increase costs.

Assumes:

Assumes:

Yes. The contract is subject to the risk of loss. You could lose some or all of your account value depending on the investment options you choose.

For additional information about the risk of loss see “Principal risks of investing in the Contract” in the Prospectus.

No. The contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash because the contract is designed to provide for the accumulation of retirement savings and income on a long-term basis. As such, you should not use the contract as a short-term investment or savings vehicle. A withdrawal charge may apply in certain circumstances and any withdrawals may also be subject to federal and state income taxes and tax penalties.

For additional information about the investment profile of the contract see “Fee Table” in the Prospectus.

An investment in the contract is subject to the risk of poor investment performance and can vary depending on the performance of the variable investment options available under the contract, (e.g., the Portfolios). Each investment option, including the guaranteed interest option, has its own unique risks. You should review the investment options available under the contract before making an investment decision.

For additional information about the risks associated with investment options see “Variable investment options”, “Fixed Investment options” and “Portfolios of the Trusts” in ”Purchasing the Contract” in the Prospectus. See also Appendix “Investment options available under the contract” in the Prospectus.

An investment in the contract is subject to the risks related to the Company. The Company is solely responsible to the contract owner for the contract’s account value and the Guaranteed benefits. The general obligations, including the fixed investment options, and any Guaranteed benefits under the contract are supported by our general account and are subject to our claims-paying ability. An owner should look solely to our financial strength for our claims-paying ability. More information about the Company, including our financial strength ratings, may be obtained at https://equitable.com/about-us/financial-strength-ratings.

For additional information about insurance company risks see “About the general account” in “More information” in the Prospectus.

Yes. We may, at any time, exercise our rights to limit or terminate your contributions, allocations and transfers to any of the variable investment options (including the Guaranteed Benefit account variable investment options) and to limit the number of variable investment options which you may select. Such rights include, among others, removing or substituting the Portfolios, combining any two or more variable investment options and transferring account value from any variable investment option to another variable investment option.

Credits under Series CP^® contracts may be recaptured upon free look, annuitization, and death.

There are restrictions regarding investment options if Guaranteed benefits are elected, limits on contributions and transfers into and out of the guaranteed interest option, and restrictions or limitations with Special DCA programs. See “Allocating your contributions” in “Purchasing the Contract” and Transferring your account value” in “Transferring your money among investment options” in the Prospectus for more information.

For more information see “About The Separate Account.” in “More information” in the Prospectus.

Currently, we do not charge for transfers among investment options under the contract. However, we reserve the right to charge for any transfers in excess of 12 per contract year. We will provide you with advance notice if we decide to assess the transfer charge, which will never exceed $35 per transfer.

Contributions and transfers into and out of the guaranteed interest option are limited.

For additional information about restrictions on the investment options, see “Transfer charge” in “Charges and expenses”, and “Portfolios of the Trusts” and “Guaranteed Interest Option” in “Purchasing the Contract” and “Transferring your money among investment options” in the Prospectus.

Yes. At any time, we have the right to limit or terminate your contributions, allocations and transfers to any of the variable investment options. If you have one or more Guaranteed benefits (which are also known as optional benefits) and we exercise our right to discontinue the acceptance of, and/or place additional limitations on, contributions to the contract and/or contributions and/ or transfers into the Guaranteed Benefit account variable investment options, you may no longer be able to fund your Guaranteed benefit(s).

Investment options are limited if Guaranteed benefits are elected. Withdrawals that exceed limits specified by the terms of an optional benefit may affect the availability of the benefit by reducing the benefit by an amount greater than the value withdrawn, and/or could terminate the benefit.

The standard and optional death benefits offered with the contract are available only at contract purchase. Withdrawals could significantly reduce or terminate the death benefit.

For additional information about the optional benefits see “How you can purchase and contribute to your contract” in “Purchasing the Contract” in the Prospectus. See also “Death Benefits” and “Living Benefits” in “Benefits available under the contract” in the Prospectus.

You should consult with a tax professional to determine the tax implications of an investment in, and payments received under, the contract. There is no additional tax benefit to you if the contract is purchased through a tax-qualified plan or individual retirement account (IRA). Withdrawals will be subject to ordinary income tax and may be subject to tax penalties. Generally, you are not taxed until you make a withdrawal from the contract.

For additional information about tax implications see “Tax information” in the Prospectus.

Some financial professionals may receive compensation for selling the contract to you, both in the form of commissions or in the form of contribution-based compensation. Financial professionals may also receive additional compensation for enhanced marketing opportunities and other services (commonly referred to as “marketing allowances”). This conflict of interest may influence the financial professional to recommend this contract over another investment.

For additional information about compensation to financial professionals see “Distribution of the contracts” in “More information” in the Prospectus.

Some financial professionals may have a financial incentive to offer a new contract in place of the one you already own. You should only exchange your contract if you determine, after comparing the features, fees, and risks of both contracts, as well as any fees or penalties to terminate your existing contract. that it is preferable to purchase the new contract rather than continue to own your existing contract.

For additional information about exchanges see “Charge for third-party transfer or exchange” in “Charges and expenses” in the Prospectus.

Standard/

Optional

Charge

Expressed as an annual percentage of the benefit base.

Standard/

Optional

Expressed as an annual percentage of the benefit base.

Standard/

Optional

Rebalancing

Option I⁽¹⁾ and

Option II⁽²⁾

Option I allows you to rebalance your Investment account value among the Investment account variable investment options.

Option II allows you to rebalance your Investment account value among the Investment account variable investment options and the guaranteed interest option.

Transaction Expenses

The charge percentage we use is determined by the number of year since receipt of the contribution to which the charge relates if you make a withdrawal, surrender your contract to receive its cash value, or, if offered, surrender your contract to apply your cash value to a non-life contingent annuity payment option.

Currently, we do not charge for transfers among investment options under the contract. However, we reserve the right to charge for transfers in excess of 12 transfers per contract year. We will charge no more than $35 for each transfer at the time each transfer is processed. See “Transfer charge” under “Charges that the Company deducts” in “Charges and expenses”.

Special service charges include (1) express mail charge; (2) wire transfer charge; and (3) duplicate contract charge. The current maximum charge for each service is $90. These charges may increase over time to cover our administrative costs. We may discontinue these services at any time.

Annual Contract Expenses

Return of Principal death benefit

Annual Ratchet death benefit

“Greater of” death benefit

The annual administrative charge is deducted from your account value on each contract date anniversary. If the contract is surrendered or annuitized or a death benefit is paid on any date other than the contract date anniversary, we will deduct a pro rata portion of the administrative charge for that year. If your account value on a contract date anniversary is $50,000 or more there is no charge. During the first two contract years this charge, if applicable, is equal to the lesser of $30 or 2% of your Total account value. Thereafter, the charge, if applicable, is $30 for each contract year.

The benefit base is not an account value or cash value. Your initial benefit base is equal to your initial contribution or transfer to the Guaranteed Benefit account variable investment options and amounts in a Special DCA program designated for transfers to the Guaranteed Benefit account variable investment options. For Series CP^® contracts, your initial benefit base does not include the credit. Subsequent adjustments to the applicable benefit base and the investment performance of the Guaranteed Benefit account may result in a benefit base that is significantly different from your total contributions or future transfers to, or account value in, the Guaranteed Benefit account. See “Guaranteed minimum death benefits” and “Guaranteed income benefit” in “Benefits available under the contract”.

Deducted annually on each contract date anniversary for which the benefit is in effect. If the contract is surrendered or annuitized, or a death benefit is paid, or the benefit is dropped (if applicable), on any date other than the contract date anniversary, we will deduct a pro rata portion of the charge for that year.

The current charge is equal to 0.90%. We reserve the right to increase or decrease this charge at any time after your second contract date anniversary. See “Guaranteed income benefit charge” and “Greater of death benefit” in “Charges and expenses”.

The current charge is equal to 0.90%. If your GIB Roll-up benefit base resets on the third or later contract date anniversary, we reserve the right to increase the charge for this benefit up to 1.20%. See “Guaranteed income benefit charge” in “Charges and expenses”.

Annual Portfolio Expenses

Annual Portfolio Expenses prior to Expense Limitation Arrangement (expenses that are deducted from Portfolio assets including management fees, 12b-1 fees, service fees, and

other expenses)^(*)

“Annual Portfolio Expenses” are based, in part, on estimated amounts of such expenses. The expenses listed are for the year ended December 21, 2025. Pursuant to a contract, Equitable Investment Management Group, LLC has agreed to make payments or waive its management, administrative and other fees to limit the expenses of certain affiliated Portfolios through April 30, 2027 (“Expense Limitation Arrangement”) (unless the Trust’s Board of Trustees consents to an earlier revision or termination of this agreement). The Expense Limitation Arrangement may be terminated by Equitable Investment Management Group, LLC at any time after April 30, 2027. The Expense Limitation Arrangement does not apply to unaffiliated Portfolios.

SeriesB

SeriesL

SeriesCP^®

SeriesC

TYPE

Portfolio Company — Investment Adviser; Sub-Adviser(s), as applicable

Current

 Expenses 

Equity

1290 VT Equity Income — Equitable Investment Management Group, LLC (“EIMG”); Barrow, Hanley, Mewhinney & Strauss, LLC d/b/a Barrow Hanley Global Investors

Specialty

1290 VT GAMCO Mergers & Acquisitions — EIMG; GAMCO Asset Management, Inc.

Equity

1290 VT GAMCO Small Company Value — EIMG; GAMCO Asset Management, Inc.

Fixed Income

1290 VT High Yield Bond — EIMG; AXA Investment Managers US Inc., Post Advisory Group, LLC

Specialty

1290 VT Multi-Alternative Strategies — EIMG

Specialty

1290 VT Natural Resources — EIMG; AllianceBernstein L.P.

Specialty

1290 VT Real Estate — EIMG; AllianceBernstein L.P.

Equity

1290 VT SmartBeta Equity ESG — EIMG; AXA Investment Managers US Inc.

Equity

EQ/2000 Managed Volatility† — EIMG; AllianceBernstein L.P., BlackRock Investment Management, LLC

Equity

EQ/400 Managed Volatility† — EIMG; AllianceBernstein L.P., BlackRock Investment Management, LLC

Equity

EQ/500 Managed Volatility† — EIMG; AllianceBernstein L.P., BlackRock Investment Management, LLC

Asset Allocation

EQ/AB Dynamic Moderate Growth^Δ — EIMG; AllianceBernstein L.P.

Equity

EQ/AB Small Cap Growth — EIMG; AllianceBernstein L.P.

Asset Allocation

EQ/Aggressive Allocation† — EIMG

Asset Allocation

EQ/Aggressive Growth Strategy† — EIMG

Asset Allocation

EQ/All Asset Growth Allocation — EIMG

Equity

EQ/American Century Mid Cap Value — EIMG; American Century Investment Management, Inc.

Asset Allocation

EQ/Balanced Strategy† — EIMG

Equity

EQ/Capital Group Research — EIMG; Capital International, Inc.

Equity

EQ/ClearBridge Large Cap Growth ESG — EIMG; ClearBridge Investments, LLC

Equity

EQ/ClearBridge Select Equity Managed Volatility† — EIMG; BlackRock Investment Management, LLC, ClearBridge Investments, LLC

Equity

EQ/Common Stock Index — EIMG; AllianceBernstein L.P.

Asset Allocation

EQ/Conservative Growth Strategy† — EIMG

Asset Allocation

EQ/Conservative Strategy† — EIMG

Fixed Income

EQ/Core Bond Index⁽¹⁾ — EIMG; SSGA Funds Management, Inc.

TYPE

Portfolio Company — Investment Adviser; Sub-Adviser(s), as applicable

Current

 Expenses 

Fixed Income

EQ/Core Plus Bond — EIMG; Brandywine Global Investment Management, LLC, Loomis, Sayles & Company, L.P.

Equity

EQ/Emerging Markets Equity PLUS — EIMG; AllianceBernstein L.P., EARNEST Partners, LLC

Equity

EQ/Equity 500 Index — EIMG; AllianceBernstein L.P.

Equity

EQ/Fidelity Institutional AM^® Large Cap — EIMG; FIAM LLC

Equity

EQ/Franklin Rising Dividends — EIMG; Franklin Advisers, Inc.

Equity

EQ/Franklin Small Cap Value Managed Volatility† — EIMG; BlackRock Investment Management, LLC, Franklin Mutual Advisers, LLC

Equity

EQ/Global Equity Managed Volatility† — EIMG; BlackRock Investment Management, LLC

Equity

EQ/Goldman Sachs Mid Cap Value — EIMG; Goldman Sachs Asset Management L.P.

Asset Allocation

EQ/Goldman Sachs Moderate Growth Allocation^Δ — EIMG; Goldman Sachs Asset Management L.P.

Asset Allocation

EQ/Growth Strategy† — EIMG

Fixed Income

EQ/Intermediate Government Bond⁽¹⁾ — EIMG; SSGA Funds Management, Inc.

Equity

EQ/International Core Managed Volatility† — EIMG; BlackRock Investment Management, LLC

Equity

EQ/International Equity Index — EIMG; AllianceBernstein L.P.

Equity

EQ/International Managed Volatility† — EIMG; AllianceBernstein L.P., BlackRock Investment Management, LLC

Equity

EQ/International Value Managed Volatility† — EIMG; BlackRock Investment Management, LLC, Harris Associates LP

Equity

EQ/Invesco Comstock — EIMG; Invesco Advisers, Inc.

Equity

EQ/Invesco Global — EIMG; Invesco Advisers, Inc.

Specialty

EQ/Invesco Global Real Assets — EIMG; Invesco Advisers, Inc.

Equity

EQ/Janus Enterprise — EIMG; Janus Henderson Investors US LLC

Equity

EQ/JPMorgan Growth Stock — EIMG; J.P. Morgan Investment Management Inc.

Equity

EQ/JPMorgan Value Opportunities — EIMG; J.P. Morgan Investment Management Inc.

Equity

EQ/Large Cap Growth Index — EIMG; AllianceBernstein L.P.

Equity

EQ/Large Cap Growth Managed Volatility† — EIMG; BlackRock Investment Management, LLC

Equity

EQ/Large Cap Value Index — EIMG; AllianceBernstein L.P.

Equity

EQ/Large Cap Value Managed Volatility† — EIMG; AllianceBernstein L.P.

Equity

EQ/Lazard Emerging Markets Equity — EIMG; Lazard Asset Management LLC

Equity

EQ/Loomis Sayles Growth — EIMG; Loomis, Sayles & Company, L.P.

Equity

EQ/MFS International Growth — EIMG; Massachusetts Financial Services Company d/b/a MFS Investment Management

Equity

EQ/MFS International Intrinsic Value — EIMG; Massachusetts Financial Services Company d/b/a MFS Investment Management

Equity

EQ/MFS Mid Cap Focused Growth — EIMG; Massachusetts Financial Services Company d/b/a MFS Investment Management

Specialty

EQ/MFS Technology — EIMG; Massachusetts Financial Services Company d/b/a MFS Investment Management

Specialty

EQ/MFS Utilities Series — EIMG; Massachusetts Financial Services Company d/b/a MFS Investment Management

Equity

EQ/Mid Cap Index — EIMG; AllianceBernstein L.P.

Equity

EQ/Mid Cap Value Managed Volatility† — EIMG; BlackRock Investment Management, LLC

Asset Allocation

EQ/Moderate Allocation† — EIMG

Asset Allocation

EQ/Moderate Growth Strategy† — EIMG

Asset Allocation

EQ/Moderate-Plus Allocation† — EIMG

Cash/Cash Equivalent

EQ/Money Market* — EIMG; Dreyfus, a division of Mellon Investments Corporation

TYPE

Portfolio Company — Investment Adviser; Sub-Adviser(s), as applicable

Current

 Expenses 

Fixed Income

EQ/PIMCO Global Real Return — EIMG; Pacific Investment Management Company LLC

Fixed Income

EQ/PIMCO Real Return — EIMG; Pacific Investment Management Company LLC

Fixed Income

EQ/PIMCO Total Return ESG — EIMG; Pacific Investment Management Company LLC

Fixed Income

EQ/PIMCO Ultra Short Bond — EIMG; Pacific Investment Management Company LLC

Equity

EQ/Small Company Index — EIMG; AllianceBernstein L.P.

Specialty

EQ/T. Rowe Price Health Sciences — EIMG; T. Rowe Price Associates, Inc.

Equity

EQ/Value Equity — EIMG; Aristotle Capital Management, LLC

Specialty

EQ/Wellington Energy — EIMG; Wellington Management Company LLP

Asset Allocation

Equitable Conservative Growth MF/ETF Portfolio — EIMG

This Portfolio’s annual expenses reflect temporary fee reductions.

Certain other affiliated Portfolios, as well as unaffiliated Portfolios, may utilize volatility management techniques (including Fund of Fund Portfolios that invest in other Portfolios that utilize volatility management techniques) that differ from the EQ volatility management strategy. Affiliated Portfolios that utilize these volatility management techniques are identified in the chart by a “Δ”. Any such unaffiliated Portfolio is not identified in the chart. See “Portfolios of the Trusts” for more information regarding volatility management.

EQ Managed Volatility Portfolios that include the EQ volatility management strategy as part of their investment objective and/or principal investment strategy, and the EQ/affiliated Fund of Fund Portfolios that invest in Portfolios that use the EQ volatility management strategy, are identified in the chart by a “†“. See “Portfolios of the Trusts” for more information regarding volatility management.

The Portfolio operates as a “government money market fund.” The Portfolio will invest at least 99.5% of its total assets in U.S. government securities, cash, and/or repurchase agreements that are fully collateralized by U.S. government securities or cash.

Effective on or about June 29, 2026, and subject to shareholder approval, SSGA Funds Management, Inc. will be replaced as a sub-adviser to the Portfolio (or an allocated portion thereof) with AllianceBernstein L.P.

TYPE

Portfolio Company — Investment Adviser; Sub-Adviser(s), as applicable

Current

 Expenses 

Asset Allocation

AB VPS Balanced Hedged Allocation Portfolio — AllianceBernstein L.P.

Equity

American Funds Insurance Series^® Global Small Capitalization Fund — Capital Research and Management Company

Asset Allocation

American Funds Insurance Series^® Managed Risk Asset Allocation Fund — Capital Research and Management Company; Milliman Financial Risk Management LLC

Equity

American Funds Insurance Series^® New World Fund^® — Capital Research and Management Company

Fixed Income

American Funds Insurance Series^® The Bond Fund of America^® — Capital Research and Management Company

Asset Allocation

BlackRock Global Allocation V.I. Fund — BlackRock Advisors, LLC; BlackRock International Limited, BlackRock (Singapore) Limited

Equity

BlackRock Large Cap Focus Growth V.I. Fund — BlackRock Advisors, LLC

Asset Allocation

Fidelity^® VIP Asset Manager 70% Portfolio — Fidelity Management and Research Company (FMR)

Asset Allocation

Fidelity^® VIP Freedom 2015 Portfolio^SM — Fidelity Management and Research Company (FMR)

Asset Allocation

Fidelity^® VIP Freedom 2020 Portfolio^SM — Fidelity Management and Research Company (FMR)

Asset Allocation

Fidelity^® VIP Freedom 2025 Portfolio^SM — Fidelity Management and Research Company (FMR)

Asset Allocation

Fidelity^® VIP Freedom 2030 Portfolio^SM — Fidelity Management and Research Company (FMR)

Equity

Fidelity^® VIP Mid Cap Portfolio — Fidelity Management and Research Company (FMR)

Fixed Income

Fidelity^® VIP Strategic Income Portfolio — Fidelity Management and Research Company (FMR)

Asset Allocation

Franklin Allocation VIP Fund — Franklin Advisers, Inc.

Asset Allocation

Franklin Income VIP Fund — Franklin Advisers, Inc.

Specialty

Guggenheim VIF Global Managed Futures Strategy Fund — Security Investors, LLC, which operates under the name Guggenheim Investments

TYPE

Portfolio Company — Investment Adviser; Sub-Adviser(s), as applicable

 Current 

 Expenses 

Equity

Invesco V.I. Diversified Dividend Fund — Invesco Advisers, Inc.

Fixed Income

Lord Abbett Bond Debenture Portfolio (VC) — Lord, Abbett & Co. LLC

Equity

MFS^® Massachusetts Investors Growth Stock Portfolio — Massachusetts Financial Services Company

Asset Allocation

Nomura VIP Asset Strategy Series — Delaware Management Company; Macquarie Investment Management Global Limited

Fixed Income

Nomura VIP High Income Series — Delaware Management Company; Nomura Corporate Research and Asset Management Inc.

Specialty

PIMCO CommodityRealReturn^® Strategy Portfolio — Pacific Investment Management Company LLC

Specialty

PIMCO Emerging Markets Bond Portfolio — Pacific Investment Management Company LLC

Specialty

ProFund VP Bear — ProFund Advisors LLC

Specialty

ProFund VP Biotechnology — ProFund Advisors LLC

Equity

Templeton Emerging Markets VIP Fund⁽¹⁾ — Templeton Asset Management Ltd.

Fixed Income

Templeton Global Bond VIP Fund — Franklin Advisers, Inc.

Specialty

VanEck VIP Global Resources Fund — Van Eck Associates Corporation

This Portfolio’s annual expenses reflect temporary fee reductions.

This is the variable investment option’s new name. The variable investment option’s former name is Templeton Developing Markets VIP Fund which may continue to be used in certain documents for a period of time after the date of this prospectus.

GE EQ/AB Dynamic Moderate Growth

GE EQ/Balanced Strategy

GE EQ/Conservative Growth Strategy

GE EQ/Core Bond Index

GE EQ/400 Managed Volatility

GE EQ/500 Managed Volatility

GE EQ/2000 Managed Volatility

Guaranteed interest option

Account for special dollar cost averaging