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 your 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within 7 years following your last contribution, you will be assessed a withdrawal charge of up to 7% of contributions withdrawn.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 your 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within 9 years following your last contribution, you will be assessed a withdrawal charge of up to 8% of contributions withdrawn.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 your 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within 4 years following your last contribution, you will be assessed a withdrawal charge of up to 8% of contributions withdrawn.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.

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 table below describes 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.

(1) Expressed as an annual percentage of the 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 credit 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 Protected 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.

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

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.

For additional information about restrictions on the investment options, see “Transfer charge” in “Charges and expenses”, “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 Protected 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

2.00%⁽¹⁾⁽³⁾

1.00%⁽¹⁾⁽³⁾

Expressed as an annual percentage of the benefit base.

Issue ages 20-64.

Issue ages 65-68.

Standard/

Optional

Expressed as an annual percentage of the benefit base.

Standard/

Optional

Rebalancing Option I⁽¹⁾ and Option II⁽²⁾

Dollar Cost Averaging (special DCA, general DCA, and Investment Simplifier)

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 years 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”.

Currently, we do not charge for third party transfers or exchanges. However, we reserve the right to discontinue this waiver at any time, with or without notice. The maximum third party transfer or exchange fee is $125. The current charge (which, as described above is waived) is $65. The sum of these charges will never exceed 2% of the amount disbursed or transferred. These charges may increase over time to cover our administrative costs. We may discontinue these services at any time.

Special service charges include (1) express mail charge; (2) wire transfer charge; (3) duplicate contract charge; and (4) check preparation 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

Guaranteed minimum death benefit charges

Return of Principal death benefit

Highest Anniversary Value death benefit

RMD Wealth Guard death benefit

“Greater of” death benefit

Guaranteed minimum income benefit charge

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 Protected Benefit account variable investment options and amounts in a Special DCA program designated for transfers to the Protected 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 Protected 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 Protected Benefit account. See “Guaranteed minimum death benefits” and “Guaranteed minimum 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.

Maximum charge of 1.20% if you were 20-64 on the contract issue date and 2.00% if you were 65-68. The current charge is equal to 0.60% (if you were age 20-64 on your contract date) or 1.00% (if you were age 65-68 on your contract date) of the RMD Wealth Guard death benefit base in effect each contract date anniversary. We reserve the right to increase or decrease this charge any time after your second contract date anniversary. See “RMD Wealth Guard death benefit” in “Charges and expenses”.

The current charge is equal to 1.15%. We reserve the right to increase or decrease this charge at any time after your second contract date anniversary. See “Guaranteed minimum income benefit charge” and “Greater of death benefit” in “Charges and expenses”.

The current charge is equal to 1.15% of the GMIB benefit base in effect on each contract date anniversary. If you have this benefit, but do not fund it until after your contract date anniversary, we will deduct the full charge on the contract date anniversary following the date on which you fund the benefit. We reserve the right to increase the charge for this benefit up to a maximum of 2.30%. We reserve the right to increase or decrease this charge any time after your second contract date anniversary. See “Guaranteed minimum income benefit charge” in “Charges and expenses”.

Annual Portfolio Expenses

“Annual Portfolio Expenses” are based, in part, on estimated amounts of such expenses. The expenses listed are for the year ended December 31, .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

SeriesCP^®

SeriesL

TYPE

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

Current

 Expenses 

Average Annual Total Returns

(as of 12/31/2025)

1290 VT DoubleLine Opportunistic Bond — Equitable Investment Management Group, LLC (“EIMG”); DoubleLine Capital LP

1290 VT Equity Income — EIMG; Barrow, Hanley, Mewhinney & Strauss, LLC d/b/a Barrow Hanley Global Investors

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

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

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

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

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

1290 VT Small Cap Value — EIMG; BlackRock Investment Management, LLC, Horizon Kinetics Asset Management LLC

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

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

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

EQ/Aggressive Growth Strategy† — EIMG

EQ/All Asset Growth Allocation — EIMG

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

EQ/Balanced Strategy† — EIMG

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

EQ/Conservative Growth Strategy† — EIMG

EQ/Conservative Strategy† — EIMG

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

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

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

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

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

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

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

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

TYPE

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

Current

 Expenses 

Average Annual Total Returns

(as of 12/31/2025)

EQ/Growth Strategy† — EIMG

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

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

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

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

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

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

EQ/Invesco Moderate Allocation^Δ — EIMG; Invesco Advisers, Inc.

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

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

EQ/JPMorgan Hedged Equity and Premium Income^∞Δ — EIMG

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

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

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

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

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

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

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

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

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

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

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

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

EQ/Moderate Allocation† — EIMG

EQ/Moderate Growth Strategy† — EIMG

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

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

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

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

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

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

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

EQ/Ultra Conservative Strategy†# — EIMG

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

EQ/Wellington Energy — EIMG; Wellington Management Company LLP

Equitable Conservative Growth MF/ETF Portfolio — EIMG

Multimanager Aggressive Equity — EIMG; AllianceBernstein L.P.

Multimanager Technology — EIMG; AllianceBernstein L.P., FIAM LLC, Wellington Management Company LLP

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.

The ATP Portfolio is part of the asset transfer program. You may not directly allocate a contribution to or request a transfer of account value into this investment option.

“J.P. Morgan” and “JPMorgan” are registered trademarks of J.P. Morgan Chase Bank, NA (“JPMC”) and have been licensed for use by Equitable Investment Management Group, LLC. EQ/JPMorgan Hedged Equity and Premium Income Portfolio is not sponsored, endorsed, or promoted by JPMC and JPMC makes no representation regarding the advisability of investing in EQ/JPMorgan Hedged Equity and Premium Income Portfolio.

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.

 Current 

 Expenses 

Average Annual Total Returns

(as of 12/31/2025)

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

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

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

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

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

Eaton Vance VT Floating-Rate Income Fund — Eaton Vance Management

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

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

Franklin Allocation VIP Fund — Franklin Advisers, Inc.

Franklin Income VIP Fund — Franklin Advisers, Inc.

Hartford Disciplined Equity HLS Fund — Hartford Funds Management Company, LLC; Wellington Management Company LLP

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

Invesco V.I. Equity and Income Fund — Invesco Advisers, Inc.

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

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

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

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

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

ProFund VP Biotechnology — ProFund Advisors LLC

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

Templeton Global Bond VIP Fund — Franklin Advisers, Inc.

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.

The ATP Portfolio is part of the asset transfer program. You may not directly allocate a contribution to or request a transfer of account value into this investment option.