M&A - SEPARATE ACCOUNT EQ OF VENERABLE INSURANCE & ANNUITY Co

Form Type: 485BPOS

Filing Date: 2025-04-17

Corporate Action: Merger

Type: New

Accession Number: 000113322825003948

Filing Summary: On April 17, 2025, Separate Account EQ of Venerable Insurance and Annuity Company filed a post-effective amendment for its registration statement under the Securities Act of 1933 and the Investment Company Act of 1940, to become effective on May 1, 2025. This amendment delineates a corporate initiative by Equitable Holdings, the parent company of Equitable Financial Life Insurance Company (EFLIC), to restructure its operating entities. It involves an exchange offer allowing holders of EFLIC Accumulator® Series variable annuity contracts to exchange their contracts for virtually identical contracts issued by Venerable Insurance and Annuity Company (VIAC). This move completes the transfer of administrative and financial responsibilities for EFLIC Contracts to VIAC, alongside the necessary state regulatory approvals. The document specifies that holders are not required to participate in the exchange and outlines key details such as the absence of adverse tax consequences for the exchange. Obligations and benefits under the new contracts will be subject to VIAC's financial strength and claims-paying ability. An overview of contract features, benefits, fees, and tax implications is provided, along with a comparison between EFLIC and VIAC Contracts. The filing confirms that VIAC will be the issuer and administrator of the prospective contracts.

Form Type: 485BPOS

Filing Date: 2025-04-17

Corporate Action: Acquisition

Type: Update

Accession Number: 000113322825003958

Filing Summary: Venerable Insurance and Annuity Company (VIAC) is making an exchange offer for its Accumulator® Series variable annuity contracts, allowing owners of Equitable Financial Life Insurance Company (EFLIC) contracts to exchange them for virtually identical contracts issued by VIAC. This restructuring initiative by Equitable Holdings aims to transfer administrative responsibilities for the EFLIC contracts to VIAC. The exchange will not incur any fees or adverse tax consequences for contract holders, and the terms and conditions state that the new VIAC contracts will maintain the same investment options, benefits, and contract characteristics. The filing indicates that state regulatory approvals have been obtained for the transaction and prescribes the process for contract holders to decline or accept the exchange offer, with no charges or penalties for opting out. The change is part of a broader corporate strategy to streamline operations and enhance management under VIAC, ensuring contract holders benefit from the financial security provided by VIAC’s separate account EQ.

Form Type: 485BPOS

Filing Date: 2025-04-15

Corporate Action: Merger

Type: Update

Accession Number: 000113322825003847

Filing Summary: This filing represents a post-effective amendment to the registration statement under the Securities Act of 1933 and the Investment Company Act of 1940 by Separate Account EQ of Venerable Insurance and Annuity Company (VIAC). The document discusses an exchange offer allowing owners of certain Accumulator® Series variable annuity contracts issued by Equitable Financial Life Insurance Company (EFLIC) to exchange their contracts for virtually identical contracts issued by VIAC. The exchange is part of Equitable Holdings' initiative to restructure its operating entities, transferring overall management and administration of the EFLIC contracts to VIAC. The amendment will become effective on May 1, 2025, and includes detailed descriptions of contractual obligations, benefits, and the absence of tax consequences for participants. It emphasizes the nature of VIAC's role as the issuer and administrator, maintaining the same features and benefits for the contracts being exchanged while ensuring no adverse effects for customers opting not to exchange their contracts.