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Separate Account I – ‘485BPOS’ on 4/21/22

On:  Thursday, 4/21/22, at 4:38pm ET   ·   Effective:  5/1/22   ·   Accession #:  1193125-22-113100   ·   File #:  333-17633

Previous ‘485BPOS’:  ‘485BPOS’ on 4/21/21   ·   Next:  ‘485BPOS’ on 4/20/23   ·   Latest:  ‘485BPOS’ on 4/23/24   ·   57 References:   To:  Separate Account A – ‘485BPOS’ on 4/20/22 To:  Separate Account I – ‘N-VPFS’ on 4/15/22 for 12/31/21 To:  Eq Advisors Trust – ‘485APOS’ on 9/24/21 To:  Eq Advisors Trust – ‘485BPOS’ on 4/29/21 To:  Separate Account A – ‘485BPOS’ on 4/20/21 To:  Separate Account No. 49 – ‘N-4’ on 3/17/21 To:  Eq Advisors Trust – ‘485APOS’ on 1/19/21 To:  Eq Advisors Trust – ‘485BPOS’ on 4/26/19 To:  Separate Account FP – ‘485BPOS’ on 4/19/19 To:  Separate Account A – ‘485BPOS’ on 4/16/19 To:  Eq Advisors Trust – ‘485BPOS’ on 7/31/18 To:  Separate Account A – ‘485BPOS’ on 4/17/18 To:  Eq Advisors Trust – ‘485BPOS’ on 10/27/17 To:  Eq Advisors Trust – ‘485BPOS’ on 4/28/17 To:  Separate Account A – ‘485BPOS’ on 4/18/17 To:  Eq Advisors Trust – ‘485APOS’ on 1/31/17 To:  Eq Premier Vip Trust – ‘485BPOS’ on 4/26/16 To:  Separate Account A – ‘485BPOS’ on 4/19/16 To:  Eq Advisors Trust – ‘485APOS’ on 2/11/16 To:  Separate Account No. 70 – ‘485BPOS’ on 9/9/15 To:  Eq Advisors Trust – ‘485BPOS’ on 4/17/15 To:  Eq Advisors Trust – ‘485APOS’ on 2/5/15 To:  Eq Premier Vip Trust – ‘485APOS’ on 1/12/15 To:  Separate Account No. 70 – ‘485APOS’ on 10/16/14 To:  Eq Advisors Trust – ‘485BPOS’ on 4/30/14 To:  Eq Premier Vip Trust – ‘485BPOS’ on 10/2/13 To:  Eq Advisors Trust – ‘485BPOS’ on 10/1/13 To:  Eq Advisors Trust – ‘485APOS’ on 7/22/13 To:  Eq Premier Vip Trust – ‘485APOS’ on 7/22/13 To:  Eq Advisors Trust – ‘485APOS’ on 2/7/13 To:  Separate Account No. 49 – ‘485BPOS’ on 4/24/12 To:  Eq Advisors Trust – ‘485BPOS’ on 8/17/11 To:  Separate Account No. 49 – ‘485BPOS’ on 8/5/11 To:  Eq Advisors Trust – ‘485APOS’ on 2/3/11 To:  Eq Advisors Trust – ‘485APOS’ on 1/21/10 To:  Separate Account A – ‘485BPOS’ on 4/20/09 To:  Eq Advisors Trust – ‘485BPOS’ on 4/15/09 To:  Eq Advisors Trust – ‘485BPOS’ on 3/16/09 To:  Eq Advisors Trust – ‘485APOS’ on 2/13/09 To:  Eq Premier Vip Trust – ‘485APOS’ on 2/5/08 To:  Eq Advisors Trust – ‘485BPOS’ on 12/27/07 To:  Eq Advisors Trust – ‘485BPOS’ on 4/27/07 To:  Eq Advisors Trust – ‘485APOS’ on 2/2/07 To:  Eq Premier Vip Trust – ‘485BPOS’ on 6/1/06 To:  Equitable America Variable Account L of Equitable Financial Life Insurance Co. of America – ‘N-6’ on 5/19/06 To:  Separate Account No. 49 – ‘485BPOS’ on 4/20/06 To:  Eq Advisors Trust – ‘485BXT’ on 4/5/06 To:  Separate Account No. 49 – ‘N-4’ on 8/11/05 To:  Eq Advisors Trust – ‘485BXT’ on 4/7/05 To:  Eq Advisors Trust – ‘485BPOS’ on 10/15/04 To:  Separate Account A – ‘485BPOS’ on 4/19/04 To:  Eq Premier Vip Trust – ‘485APOS’ on 2/25/04 To:  Eq Advisors Trust – ‘485APOS’ on 2/10/04 To:  Eq Advisors Trust – ‘485APOS’ on 2/7/03 To:  Eq Premier Vip Trust – ‘N-1A/A’ on 12/10/01 To:  Separate Account I – ‘485BPOS’ on 4/19/01 To:  Separate Account I – ‘S-6EL24’ on 12/11/96 

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/21/22  Separate Account I                485BPOS     5/01/22    4:377K                                   Donnelley … Solutions/FA
          → Separate Account I ⇒ Basic Policy

Document/Exhibit                   Description                      Pages   Size 

 1: 485BPOS     Separate Account I                                  HTML    217K 
 2: EX-99.2     Opinion and Consent of Shane Daly                   HTML      8K 
 3: EX-99.6     Consent of Pricewaterhousecoopers LLP               HTML      5K 
 4: EX-99.7     Powers of Attorney                                  HTML     27K 

Filed with the Securities and Exchange Commission on April 21, 2022.

Registration No. 333-17633

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

POST-EFFECTIVE AMENDMENT NO. 29

TO

FORM S-6

FOR REGISTRATION UNDER THE SECURITIES ACT OF 1933

OF SECURITIES OF UNIT INVESTMENT TRUSTS REGISTERED ON FORM N-8B-2

Telephone Number, Including Area Code: (212) 554-1234

Please send copies of all communications to:

SHANE DALY

Vice President & Associate General Counsel

Equitable Financial Life Insurance Company

1290 Avenue of the Americas

New York, New York 10104

Securities Being Registered: Units of Interest in Separate Account I

It is proposed that this filing will become effective (check appropriate line):

Equitable Financial Life Insurance Company

Variable Life Insurance Policies

Prospectus Supplement for Basic Policy dated May 1, 2022

This prospectus supplement updates certain information in the most recent prospectus you received for your Equitable Financial Life Insurance Company (the “Company”, “we”, “our” and “us”), variable life insurance policy and in any prior supplements to that prospectus. Appendix B sets forth the dates of such prior prospectuses and supplements, which, in addition to this Supplement, should be kept for future reference. We will send you another copy of any prospectus or supplement, without charge, upon written request. All prospectuses and supplements listed in Appendix B are hereby incorporated by reference.

Together, the most recent prospectus and this Supplement are disclosure documents that describe all of the policy’s material features, benefits, rights and obligations, as well as other information. The description of the policy’s material provisions in that prospectus and this Supplement are current as of their respective dates. If certain material provisions under the policy are changed after the date of that prospectus in accordance with the policy, those changes will be described in this Supplement or another supplement. You should read this Supplement in conjunction with your most recent prospectus. The policy should also be read carefully.

(1)    ABOUT THE PORTFOLIOS OF THE TRUSTS.  We offer affiliated Trusts, which in turn offer one or more Portfolios. Equitable Investment Management Group, LLC (“Equitable IMG”), a wholly owned subsidiary of the Company, serves as the investment adviser of the Portfolios of EQ Premier VIP Trust and EQ Advisors Trust. For some affiliated Portfolios, Equitable IMG has entered into sub-advisory agreements with one or more other investment advisers (the “sub-advisers”) to carry out investment decisions for the Portfolios. As such, among other responsibilities, Equitable IMG oversees the activities of the sub-advisers with respect to the Trusts and is responsible for retaining or discontinuing the services of those sub-advisers. The chart below indicates the sub-adviser(s) for each Portfolio, if any. The chart below also shows the currently available Portfolios and their investment objectives.

You should be aware that Equitable Advisors, LLC (Equitable Financial Advisors in MI and TN), (“Equitable Advisors”) and Equitable Distributors, LLC (“Equitable Distributors”) (together, the “Distributors”) directly or indirectly receive 12b-1 fees from the Portfolios for providing certain distribution and/or shareholder support services. These fees will not exceed 0.25% of the Portfolios’ average daily net assets. The Portfolios’ sub-advisers and/or their affiliates may also contribute to the cost of expenses for sales meetings or seminar sponsorships that may relate to the contracts and/or the sub-advisers’ respective Portfolios. In addition, Equitable IMG, a wholly owned subsidiary of the Company, receives management fees and Equitable Investment Management, LLC, an affiliate of Equitable IMG, receives administrative fees in connection with the services they provide to the affiliated Portfolios. As such, it may be more profitable for us to offer affiliated Portfolios than to offer unaffiliated Portfolios.

As a policy owner, you may bear the costs of some or all of these fees and payments through your indirect investment in the Portfolios. (See the Portfolios’ prospectuses for more information.) These fees and payments, as well as the Portfolios’ investment management fees and administrative expenses, will reduce the underlying Portfolios’ investment returns. The Company may profit from these fees and payments. The Company considers the availability of these fees and payment arrangements during the selection process for the underlying Portfolios. These fees and payment arrangements may create an incentive for us to select Portfolios (and classes of shares of Portfolios) that pay us higher amounts.

Copyright 2022 Equitable Financial Life Insurance Company.

All rights reserved.

Some affiliated Portfolios invest in other affiliated Portfolios (the “EQ Fund of Fund Portfolios”). The EQ Fund of Fund Portfolios offer policy owners a convenient opportunity to invest in other Portfolios that are managed and have been selected for inclusion in the EQ Fund of Fund Portfolios by Equitable IMG. Equitable Advisors, an affiliated broker-dealer of the Company, may promote the benefits of such Portfolios to policy owners and/or suggest that policy owners consider whether allocating some or all of their account value to such Portfolios is consistent with their desired investment objectives. In doing so, the Company, and/or its affiliates, may be subject to conflicts of interest insofar as the Company may derive greater revenues from the EQ Fund of Fund Portfolios than certain other Portfolios available to you under your policy. Please see “Allocating your contributions” later in this section for more information about your role in managing your allocations.

As described in more detail in the Portfolio prospectuses, the EQ Fund of Fund Portfolios may utilize a proprietary volatility management strategy developed by Equitable IMG (the “EQ volatility management strategy”). The EQ volatility management strategy employs various volatility management techniques, such as the use of ETFs or futures and options, to reduce the Portfolio’s equity exposure during periods when certain market indicators indicate that market volatility is above specific thresholds set for the Portfolio. When market volatility is increasing above the specific thresholds set for a Portfolio utilizing the EQ volatility management strategy, the adviser of the Portfolio may reduce equity exposure. Although this strategy is intended to reduce the overall risk of investing in the Portfolio, it may not effectively protect the Portfolio from market declines and may increase its losses. Further, during such times, the Portfolio’s exposure to equity securities may be less than that of a traditional equity portfolio. This may limit the Portfolio’s participation in market gains and result in periods of underperformance, including those periods when the specified benchmark index is appreciating, but market volatility is high.

The EQ Fund of Fund Portfolios that invest in other Portfolios that use the EQ volatility management strategy as part of their investment objective and/or principal investment strategy are identified below in the chart by a ✓under the column entitled “Volatility Management.”

Portfolios that utilize the EQ volatility management strategy (or, in the case of certain EQ Fund of Fund Portfolios, invest in other Portfolios that use the EQ volatility management strategy) are designed to reduce the overall volatility of your account value and provide you with risk-adjusted returns over time. During rising markets, the EQ volatility management strategy, however, could result in your account value rising less than would have been the case had you been invested in a Portfolio that does not utilize the EQ volatility management strategy. Conversely, investing in investment options that feature a managed-volatility strategy may be helpful in a declining market when high market volatility triggers a reduction in the investment option’s equity exposure because during these periods of high volatility, the risk of losses from investing in equity securities may increase. In these instances, your account value may decline less than would have been the case had you not been invested in investment options that feature a volatility management strategy.

Please see the underlying Portfolio prospectuses for more information in general, as well as more information about the EQ volatility management strategy. Please further note that certain other affiliated Portfolios may utilize volatility management techniques that differ from the EQ volatility management strategy. Any such unaffiliated Portfolio is not identified under “Volatility Management” below in the chart. Such techniques could also impact your account value in the same manner described above. Please see the Portfolio prospectuses for more information about the Portfolios’ objective and strategies.

Portfolio allocations in certain of our variable annuity contracts with guaranteed benefits are subject to our Asset Transfer Program (ATP) feature. The ATP helps us manage our financial exposure in connection with providing certain guaranteed benefits, by using predetermined mathematical formulas to move account value between the EQ/Ultra Conservative Strategy Portfolio (an investment option utilized solely by the ATP) and the other Portfolios offered under those contracts. You should be aware that operation of the predetermined mathematical formulas underpinning the ATP has the potential to adversely impact the Portfolios, including their performance, risk profile and expenses. This means that Portfolio investments in contracts with no ATP feature, such as yours, could still be adversely impacted. Particularly during times of high market volatility, if the ATP triggers substantial asset flows into and out of a Portfolio, it could have the following effects on all contract owners invested in that Portfolio:

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Portfolios of the Trusts

The prospectuses for the Trusts contain this and other important information about the Portfolios. The prospectuses should be read carefully before investing. In order to obtain copies of the Trust prospectuses that do not accompany this Supplement, you may call our customer service representatives at 1-800-777-6510 (for U.S. residents) or 1-704-341-7000 (outside of the U.S.).

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You also bear your proportionate share of all fees and expenses paid by a Portfolio that corresponds to any variable investment option you are using. This table shows the lowest and highest total operating expenses currently charged by any of the Portfolios that you will pay periodically during the time that you own the Policy. These fees and expenses are reflected in the Portfolio’s net asset value each day. Therefore, they reduce the investment return of the Portfolio and the related variable investment option. Actual fees and expenses are likely to fluctuate from year to year. More detail concerning each Portfolio’s fees and expenses is contained in the Trust prospectus for that Portfolio.

(1)  About the Trusts. The Trusts are registered under the Investment Company Act of 1940. They are classified as “open-end management investment companies,” more commonly called mutual funds. Each Trust issues different shares relating to each Portfolio.

The Trusts do not impose sales charges or “loads” for buying and selling their shares. All dividends and other distributions on the Trusts’ shares are reinvested in full. The Board of Trustees of each Trust serves for the benefit of each Trust’s shareholders. The Board of Trustees may take many actions regarding the Portfolios (for example, the Board of Trustees can establish additional Portfolios or eliminate existing Portfolios; change Portfolio investment objectives; and change Portfolio investment policies and strategies). In accordance with applicable law, certain of these changes may be implemented without a shareholder vote and, in certain instances, without advanced notice. More detailed information about certain actions subject to notice and shareholder vote for each Trust, and other information about the Portfolios, including portfolio investment objectives, policies, restrictions, risks, expenses, its Rule 12b-1 plan and other aspects of its operations, appears in the prospectuses for each Trust, which generally accompany this Supplement, or in their respective SAIs, which are available upon request.

(2)  SPECIAL SERVICES CHARGES.  We will deduct a charge for providing certain special services. The charge for each special service will apply at the time you request the service. The charges compensate us for the expense of processing each special service. For certain services, we will deduct from your account value any withdrawal charge that applies and the charge for the special service. We reserve the right to discontinue some or all of these services without notice. Please note that not all special services are available for all policies. If you need additional information about the services, please contact us.

Wire transfer charge. We charge $90 for outgoing wire transfers. Unless you specify otherwise, this charge will be deducted from the amount you request.

Express mail charge. We charge $35 for sending you a check by express mail delivery. This charge will be deducted from the amount you request.

Policy illustration charge. We do not charge for illustrations. We reserve the right to charge in the future.

Duplicate policy/contract charge. We charge $35 for providing a copy of your policy or contract. The charge for this service can be paid (i) using a credit card acceptable to us, (ii) by sending a check to our Processing Office, or (iii) by any other means we make available to you.

Policy history charge. We charge a maximum of $50 for providing you a history of policy transactions. If you request a policy history of less than 5 years from the date of your request, there is no charge. If you request a policy history of more than 5 years but less than 10 years from the date of your request, the current charge is $25. For policy histories of 10 years or more, the charge is $50. For all policy histories, we reserve the right to charge a maximum of $50. The charge for this service can be paid (i) using a credit card acceptable to us, (ii) by sending a check to our Processing Office, or (iii) by any other means we make available to you.

Charge for returned payments. For each payment you make in connection with your policy that is returned for insufficient funds, we will charge a maximum of $25.

(3)  MANAGING YOUR ALLOCATIONS.  The policy is between you and the Company. The policy is not an investment advisory account, and the Company is not providing any investment advice or managing the allocations under your policy. In the absence of a specific written arrangement to the contrary, you, as the owner of the policy, have the sole authority to make investment allocations and other decisions under the policy. If your policy is sold by a financial professional of Equitable Advisors, your financial professional is acting as a broker-dealer registered representative, and is not authorized to act as an investment advisor or to manage the allocations under your policy. If your financial professional is a registered representative with a broker-dealer other than Equitable Advisors, you should speak with him/her regarding any different arrangements that may apply.

(4)  THE COMPANY.  We are Equitable Financial Life Insurance Company (the “Company”) a New York stock life insurance corporation. We have been doing business since 1859. The Company is an indirect wholly owned subsidiary of Equitable Holdings, Inc. No other company has any legal responsibility to pay amounts that the Company owes under the policies. The Company is solely responsible for paying all amounts owed to you under your policy.

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Equitable Holdings, Inc. and its consolidated subsidiaries managed approximately $900 billion in assets as of December 31, 2021. For more than 160 years the Company has been among the largest insurance companies in the United States. We are licensed to sell life insurance and annuities in all fifty states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Our home office is located at 1290 Avenue of the Americas, New York, NY 10104.

(5)  HOW TO REACH US.  To obtain (1) any forms you need for communicating with us, (2) unit values and other values under your policy, and (3) any other information or materials that we provide in connection with your policy or the Portfolios, you may communicate with our Administrative Office as listed below for the purposes described. For information regarding effective dates for processing telephone, Internet and fax requests, please see your prospectus.

By mail:

At the Post Office Box for our Administrative Office:

Equitable Financial Life Insurance Company — Life Operations Center

P.O. Box 1047

Charlotte, North Carolina 28201-1047

By express delivery only:

At the Street Address for our Administrative Office:

Equitable Financial Life Insurance Company — Life Operations Center

8501 IBM Drive, Suite 150

Charlotte, North Carolina 28262-4333

1-704-341-7000 (for express delivery purposes only)

By Phone:

Monday through Thursday, 8:30 am to 7:00 pm and Friday, 8:30 am to 5:30 pm, Eastern Time: 1-800-777-6510 (for U.S. residents) or 1-704-341-7000 (outside of the U.S.).

By e-mail:

life-service@equitable.com

By fax:

1-855-268-6378

By Internet:

Our website, www.equitable.com provides access to account information and customer service. After registering, you can view account details, perform certain transactions, print customer service forms and find answers to common questions.

Required Forms.  We require that the following types of communications be on specific forms we provide for that purpose:

Other Requests.  We also have specific forms that we recommend you use for the following:

You can also change your allocation percentages, transfer among investment options and/or change your address (1) by phone, (2) over the Internet, through www.equitable.com or (3) by writing our Administrative Office. For more information, please see your prospectus. In the future, we may require that certain requests be completed over the Internet.

Certain methods of contacting us, such as by telephone or electronically, may be unavailable or delayed (for example our fax service may not be available at all times and/or we may be unavailable due to emergency closing). In addition, the level and type of service available may be restricted based on criteria established by us.

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We reserve the right to limit access to these services if we determine that you are engaged in a disruptive transfer activity, such as “market timing.”

Formal Requirements.  Except for properly authorized telephone or Internet transactions, any notice or request that does not use our standard form must be in writing. It must be dated and signed by you and should also specify your name, title (if applicable), the insured person’s name (if different), your policy number and adequate details about the notice you wish to give or other action you wish us to take. We may require you to return your policy to us before we make certain policy changes that you may request.

The proper person to sign forms, notices and requests would normally be the owner or any other person that our procedures permit to exercise the right or privilege in question. If there are joint owners all must sign. Any irrevocable beneficiary or assignee that we have on our records also must sign certain types of requests.

You should send all requests, notices and payments to our Administrative Office at the addresses specified above. We will also accept requests and notices by fax at the above number, if we believe them to be genuine. We reserve the right, however, to require an original signature before acting on any faxed item. You must send premium payments after the first one to our Administrative Office at the above addresses; except that you should send any premiums for which we have billed you to the address on the billing notice.

(6)  DISRUPTIVE TRANSFER ACTIVITY.  You should note that the policy is not designed for professional “market timing“ organizations, or other organizations or individuals engaging in a market timing strategy. The policy is not designed to accommodate programmed transfers, frequent transfers or transfers that are large in relation to the total assets of the underlying portfolio.

Frequent transfers, including market timing and other program trading or short-term trading strategies, may be disruptive to the underlying portfolios in which the variable investment options invest. Disruptive transfer activity may adversely affect performance and the interests of long-term investors by requiring a portfolio to maintain larger amounts of cash or to liquidate portfolio holdings at a disadvantageous time or price. For example, when market timing occurs, a portfolio may have to sell its holdings to have the cash necessary to redeem the market timer’s investment. This can happen when it is not advantageous to sell any securities, so the portfolio’s performance may be hurt. When large dollar amounts are involved, market timing can also make it difficult to use long-term investment strategies because a portfolio cannot predict how much cash it will have to invest. In addition, disruptive transfers or purchases and redemptions of portfolio investments may impede efficient portfolio management and impose increased transaction costs, such as brokerage costs, by requiring the portfolio manager to effect more frequent purchases and sales of portfolio securities. Similarly, a portfolio may bear increased administrative costs as a result of the asset level and investment volatility that accompanies patterns of excessive or short-term trading. Portfolios that invest a significant portion of their assets in foreign securities or the securities of small- and mid-capitalization companies tend to be subject to the risks associated with market timing and short-term trading strategies to a greater extent than portfolios that do not. Securities trading in overseas markets present time zone arbitrage opportunities when events affecting portfolio securities values occur after the close of the overseas market but prior to the close of the U.S. markets. Securities of small- and mid-capitalization companies present arbitrage opportunities because the market for such securities may be less liquid than the market for securities of larger companies, which could result in pricing inefficiencies. Please see the prospectuses for the underlying portfolios for more information on how portfolio shares are priced.

We currently use the procedures described below to discourage disruptive transfer activity. You should understand, however, that these procedures are subject to the following limitations: (1) they primarily rely on the policies and procedures implemented by the underlying portfolios; (2) they do not eliminate the possibility that disruptive transfer activity, including market timing, will occur or that portfolio performance will be affected by such activity; and (3) the design of market timing procedures involves inherently subjective judgments, which we seek to make in a fair and reasonable manner consistent with the interests of all policy owners.

We offer investment options with underlying portfolios that are part of EQ Premier VIP Trust and EQ Advisors Trust (together, the “trusts”), The trusts have adopted policies and procedures regarding disruptive transfer activity. They discourage frequent purchases and redemptions of portfolio shares and will not make special arrangements to accommodate such transactions. They aggregate inflows and outflows for each portfolio on a daily basis. On any day when a portfolio’s net inflows or outflows exceed an established monitoring threshold, the trust obtains from us policy owner trading activity. The trusts currently consider transfers into and out of (or vice versa) the same variable investment option within a five business day period as potentially disruptive transfer activity. Each trust reserves the right to reject a transfer that it believes, in its sole discretion, is disruptive (or potentially disruptive) to the management of one of its portfolios. Please see the prospectuses for the trusts for more information.

As of the date of this Supplement, we do not offer investment options with underlying portfolios that are part of an outside trust (an “unaffiliated trust”). Should we offer such investment options in the future, each unaffiliated trust may have its own

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policies and procedures regarding disruptive transfer activity, which would be disclosed in the unaffiliated trust prospectus. If an unaffiliated trust advises us that there may be disruptive activity from one of our policy owners, we will work with the unaffiliated trust to review policy owner trading activity. Any such unaffiliated trust would also have the right to reject a transfer that it believes, in its sole discretion, is disruptive (or potentially disruptive) to the management of one of its portfolios.

When a policy is identified in connection with potentially disruptive transfer activity for the first time, a letter is sent to the policy owner explaining that the Company has a policy against disruptive transfer activity and that if such activity continues certain transfer privileges may be eliminated. If and when the policy owner is identified a second time as engaged in potentially disruptive transfer activity under the policy, we currently prohibit the use of voice, fax and automated transaction services. We currently apply such action for the remaining life of each affected policy. We or a trust may change the definition of potentially disruptive transfer activity, the monitoring procedures and thresholds, any notification procedures, and the procedures to restrict this activity. Any new or revised policies and procedures will apply to all policy owners uniformly. We do not permit exceptions to our policies restricting disruptive transfer activity.

It is possible that a trust may impose a redemption fee designed to discourage frequent or disruptive trading by policy owners. As of the date of this Supplement, the trusts had not implemented such a fee. If a redemption fee is implemented by a trust, that fee, like any other trust fee, will be borne by the policy owner.

Policy owners should note that it is not always possible for us and the underlying trusts to identify and prevent disruptive transfer activity. In addition, because we do not monitor for all frequent trading at the separate account level, policy owners may engage in frequent trading which may not be detected, for example, due to low net inflows or outflows on the particular day(s). Therefore, no assurance can be given that we or the trusts will successfully impose restrictions on all potentially disruptive transfers. Because there is no guarantee that disruptive trading will be stopped, some policy owners may be treated differently than others, resulting in the risk that some policy owners may be able to engage in frequent transfer activity while others will bear the effect of that frequent transfer activity. The potential effects of frequent transfer activity are discussed above.

(7)  TAX INFORMATION.

Policy loans.   Policy loans can cause taxable income upon the termination of a policy with no cash payout. In the case of a surrender, the loan amount is taken into account in determining any taxable amount and such income can also exceed the payment received. These events can occur from potential situations which include: (1) amount of outstanding policy debt (loans taken plus unpaid interest amounts added to the outstanding loan) at or near the maximum loan value; (2) unfavorable investment results affecting your policy account value; (3) increasing monthly policy charges due to increasing attained ages of the insured; (4) high or increasing amount of insurance risk, depending on death benefit option and changing account value; and (5) increasing policy loan rates if an adjustable policy loan rate is in effect.

Ideally, a policy loan will be paid from income tax free death benefit proceeds if your policy is kept in force until the death of the insured. To avoid policy terminations that may give rise to significant income tax liability, you may need to make substantial premium payments or loan repayments to keep your policy in force.

You can reduce the likelihood that these situations will occur by considering these risks before taking a policy loan. If you take a policy loan, you should monitor the status of your policy with your financial representative and your tax advisor at least annually, and take appropriate preventative action. In the case of a policy that is a modified endowment contract (“MEC”), any loan will be treated as a distribution when made, and thus may be taxable at such time.

Policy Changes.  Changes made to a life insurance policy, for example, a decrease in benefits, a death benefit option change, or the termination or restoration of a terminated policy, may have other effects on your policy, including impacting the maximum amount of premiums that can be paid under the policy. In some cases, this may cause us to take action in order to assure your policy continues to qualify as life insurance, including distribution of amounts that may be includable as income. This action may be required under the tax law even though the policy may not be sufficiently funded to keep it in force for a desired duration. In some cases, premium payments for a policy year could be limited to the amount needed to keep the policy in force until the end of the policy year. You should carefully go over the implications of any policy changes with your advisor before making a change.

3.8% Tax on Net Investment Income or “NII”.  The 3.8% tax on certain unearned income of taxpayers whose adjusted incomes exceed certain thresholds applies to all or part of a taxpayer’s NII. As currently interpreted under IRS guidelines, NII includes the taxable portion of an annuitized payment from a life insurance contract. It has not been defined to include taxable amounts from partial withdrawals, surrenders or lapses of life insurance policies subject to loans. You should consult your tax advisor as to the applicability of this tax to you.

Tax withholding and information reporting

Status for income tax purposes; FATCA.  In order for us to comply with income tax withholding and information reporting rules which may apply to life insurance policies, we request documentation of “status” for tax purposes. “Status” for tax purposes

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generally means whether a person is a “U S. person” or a foreign person with respect to the United States; whether a person is an individual or an entity, and if an entity, the type of entity. Status for tax purposes is best documented on the appropriate IRS Form or substitute certification form (IRS Form W-9 for a U.S. person or the appropriate type of IRS Form W-8 for a foreign person). If we do not have appropriate certification or documentation of a person’s status for tax purposes on file, it could affect the rate at which we are required to withhold income tax, and penalties could apply. Information reporting rules could apply not only to specified transactions, but also to life insurance policy ownership. For example, under the Foreign Account Tax Compliance Act (“FATCA”), which applies to certain U.S.-source payments, and similar or related withholding and information reporting rules, we may be required to report policy values and other information for certain policyholders. For this reason, we and our affiliates intend to require appropriate status documentation at purchase, change of ownership, and affected payment transactions, including death benefit payments. FATCA and its related guidance is extraordinarily complex and its effect varies considerably by type of payor, type of payee and type of recipient.

Special withholding rules apply to United States citizens residing outside of the United States, foreign recipients, and certain U.S. entity recipients which are treated as foreign because they fail to document their U.S. status before payment is made. We do not discuss these rules here in detail. However, we may require additional documentation in the case of payments made to United States persons living abroad and non-United States persons (including U.S. entities treated as foreign) prior to processing any requested transaction.

We anticipate requiring owners or beneficiaries of annuity contracts in Puerto Rico which are not individuals to document their status to avoid 30% FATCA withholding from U.S.-source income.

(8)  COVID-19.  The COVID-19 pandemic has negatively impacted the U.S. and global economies. A wide variety of factors continue to impact financial and economic conditions, including, among others, volatility in the financial markets, rising inflation rates, supply chain disruptions, continued low interest rates and changes in fiscal or monetary policy. Efforts to prevent the spread of COVID-19 have affected our business directly in a number of ways, including through the temporary closures of many businesses and schools and the institution of social distancing requirements in many states and local communities. Businesses or schools that have reopened have restricted or limited access for the foreseeable future and may do so on a permanent or episodic basis. As a result, our ability to sell products through our regular channels and the demand for our products and services has been significantly impacted.

While we have implemented risk management and contingency plans with respect to the COVID-19 pandemic, such measures may not adequately protect our business from the full impacts of the pandemic. Currently, most of our employees and advisors are continuing to work remotely. Extended periods of remote work arrangements could introduce additional operational risk including, but not limited to, cybersecurity risks, and impair our ability to effectively manage our business. We also outsource a variety of functions to third parties whose business continuity strategies are largely outside our control.

Economic uncertainty resulting from the COVID-19 pandemic may have an adverse effect on product sales and result in existing policyholders withdrawing at greater rates. COVID-19 could have an adverse effect on our insurance business due to increased mortality and morbidity rates. The cost of reinsurance to us for these policies could increase, and we may encounter decreased availability of such reinsurance. If policyholder lapse and surrender rates or premium waivers significantly exceed our expectations, we may need to change our assumptions, models or reserves.

Our investment portfolio has been, and may continue to be, adversely affected by the COVID-19 pandemic. Our investments in mortgages and commercial mortgage-backed securities have been, and could continue to be, negatively affected by delays or failures of borrowers to make payments of principal and interest when due. In some jurisdictions, local governments have imposed delays or moratoriums on many forms of enforcement actions. Furthermore, declines in equity markets and interest rates, reduced liquidity or a continued slowdown in the U.S. or in global economic conditions may also adversely affect the values and cash flows of investments. Market volatility also caused significant increases in credit spreads, and any continued volatility may increase our borrowing costs and decrease product fee income. Further, severe market volatility may leave us unable to react to market events in a prudent manner consistent with our historical investment practices.

The extent of the COVID-19 pandemic’s impact on us will depend on future developments that are still highly uncertain, including the severity and duration of the pandemic, actions taken by governments and other third parties in response to the pandemic and the availability and efficacy of vaccines against COVID-19 and its variants.

(9)  CYBERSECURITY RISKS AND CATASTROPHIC EVENTS.  We rely heavily on interconnected computer systems and digital data to conduct our variable life insurance product business. Because our variable life insurance product business is highly dependent upon the effective operation of our computer systems and those of our business partners, our business is vulnerable to disruptions from utility outages, and susceptible to operational and information security risks resulting from information systems failure (e.g., hardware and software malfunctions), and cyberattacks. These risks include, among other things, the theft, misuse, corruption and destruction of data maintained online or digitally, interference with or denial of service, attacks on websites and other operational disruption and unauthorized use or abuse of confidential customer information. Systems failures and cyberattacks, as well as, any other catastrophic event, including natural and manmade disasters, public health emergencies, pandemic diseases, terrorist attacks, floods or severe storms affecting us, any third-party administrator, the underlying funds, intermediaries and other affiliated or third-party service providers may adversely affect us, our business operations and your

8

account value. Systems failures and cyberattacks may also interfere with our processing of policy transactions, including the processing of orders from our website or with the underlying funds, impact our ability to calculate account values, cause the release and possible destruction of confidential customer or business information, impede order processing, subject us and/or our service providers and intermediaries to regulatory fines and financial losses and/or cause reputational damage. In addition, the occurrence of any pandemic disease (like COVID-19), natural disaster, terrorist attack or any other event that results in our workforce, and/or employees of service providers and/or third-party administrators, being compromised and unable or unwilling to fully perform their responsibilities, could likewise result in interruptions in our service, including our ability to issue policies and process policy transactions. Even when our workforce and employees of our service providers and/or third-party administrators can work remotely, those remote work arrangements could result in our business operations being less efficient than under normal circumstances and lead to delays in our issuing policies and processing of other policy-related transactions, as well as possibly being more susceptible to cyberattacks. Cybersecurity risks and catastrophic events may also impact the issuers of securities in which the underlying funds invest, which may cause the funds underlying your policy to lose value. While there can be no assurance that we or the underlying funds or our service providers will avoid losses affecting your policy due to cyberattacks, information security breaches or other catastrophic events in the future, we take reasonable steps to mitigate these risks and secure our systems and business operations from such failures, attacks and events.

(10)  INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.  The (i) financial statements of each of the variable investment options of Separate Account FP as of December 31, 2021 and for each of the periods indicated therein and the (ii) consolidated financial statements and financial statement schedules of Equitable Financial Life Insurance Company as of December 31, 2021 and 2020 and for each of the three years in the period ended December 31, 2021 incorporated in this Prospectus supplement by reference to the filed Form N-VPFS have been so incorporated in reliance on the reports of PricewaterhouseCoopers LLP, an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.

PricewaterhouseCoopers LLP provides independent audit services and certain other non-audit services to Equitable Financial Life Insurance Company as permitted by the applicable SEC independence rules, and as disclosed in Equitable Financial Life Insurance Company’s Form 10-K. PricewaterhouseCoopers LLP’s address is 300 Madison Avenue, New York, New York 10017.

(11)  FINANCIAL STATEMENTS.  Our general obligations and any guaranteed benefits under the policy are supported by the Company’s general account and are subject to the Company’s claims paying ability. For more information about the Company’s financial strength, you may review its financial statements and/or check its current rating with one or more of the independent sources that rate insurance companies for their financial strength and stability. Such ratings are subject to change and have no bearing on the performance of the variable investment options. You may also speak with your financial representative.

(12)  MANAGEMENT.  A list of our directors and, to the extent they are responsible for variable life insurance operations, our principal officers and a brief statement of their business experience for the past five years is contained in Appendix A to this Supplement.

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Appendix A

Directors and Principal Officers

We are managed by a Board of Directors which is elected by our shareholder(s). Our directors and certain of our executive officers and their principal occupations are as follows. Unless otherwise indicated, the following persons have been involved in the management of Equitable Financial Life Insurance Company and/or its affiliates in various executive positions during the last five years. Unless otherwise noted, their address is 1290 Avenue of the Americas, New York, New York 10104.

A-1

Appendix A

A-2

Appendix A

A-3

Appendix A

A-4

Appendix A

A-5

Appendix A

A-6

Appendix A

A-7

Appendix A

A-8

Appendix A

A-9

Appendix A

A-10

Appendix A

Appendix B

The table below sets forth the dates of the most recent prospectuses and supplements you have received to date, all of which are hereby incorporated by reference.

In addition, you also have subsequently received other prospectus updating supplements including those dated May 1, 1996-2022, as well as other supplements dated: August 2, 2019; October 16, 2018; February 22, 2016; July 22, 2015; February 18, 2014; November 12, 2013; August 23, 2013; July 31, 2012; August 30, 2012; January 7, 2010; January 15, 2009; December 1, 2008; December 11, 2006; August 25, 2006; June 17, 2005; June 10, 2005; August 15, 2003; May 15, 2003; July 15, 2002; February 22, 2002; December 14, 2001; February 9, 2001; August 30, 1999 and January 1, 1997.

B-1

Appendix B

PART II

REPRESENTATION REGARDING REASONABLENESS OF

AGGREGATE POLICY FEES AND CHARGES

Equitable Financial represents that the fees and charges deducted under the Policies described in this Registration Statement, in the aggregate, are reasonable in relation to the services rendered, the expenses to be incurred, and the risks assumed by Equitable Financial under the Policies. Equitable Financial bases its representation on its assessment of all of the facts and circumstances, including such relevant factors as: the nature and extent of such services, expenses and risks, the need for Equitable Financial to earn a profit, the degree to which the Policies include innovative features, and regulatory standards for the grant of exemptive relief under the Investment Company Act of 1940 used prior to October 1996, including the range of industry practice. This representation applies to all policies sold pursuant to this Registration Statement, including those sold on the terms specifically described in the prospectuses contained herein, or any variations therein, based on supplements, data pages or riders to any policies or prospectuses, or otherwise.

CONTENTS OF REGISTRATION STATEMENT

This registration statement comprises the following papers and documents:

The facing sheet.

The Champion Reconciliation and Tie, previously filed with this Registration Statement File No. 333-17633 on December  11, 1996.

The SP-1 Reconciliation and Tie, previously filed with this Registration Statement File No. 333-17633 on December 11, 1996.

The Basic and Expanded Reconciliation and Tie, previously filed with this Registration Statement File No. 333-17633 on December 11, 1996.

The Supplement (in-force) dated May 1, 2022 consisting of 20 pages.

Representation regarding reasonableness of aggregate policy fees and charges.

Undertaking to file reports, previously filed with this Registration Statement File No. 333-17633 on December  11, 1996.

Undertaking pursuant to Rule 484(b)(i) under the Securities Act of 1933, previously filed with this Registration Statement File No. 333-17633 on December 11, 1996.

The signatures.

Written Consent of the following:

II-1

Opinion and consent of counsel (see exhibit 2(a)(i)

Consent of PricewaterhouseCoopers LLP (see exhibit 6)

Powers of Attorney (see exhibit 7)

The following exhibits correspond to those required by Article IX, paragraph A of Form N-8B-2:

II-2

II-3

II-4

Other Exhibits:

II-5

II-6

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it meets all the requirements for effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, and its seal to be hereunto affixed and attested, in the City and State of New York, on the 21st day of April, 2022.

SIGNATURES

As required by the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the date indicated:

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Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘485BPOS’ Filing		Date		Other Filings
Effective on:		5/1/22
Filed on:		4/21/22
		12/31/21		24F-2NT,  N-30B-2,  N-CEN,  N-VPFS
		12/31/20		24F-2NT,  N-30B-2,  N-CEN,  N-VPFS
		10/1/19
		8/2/19
		10/16/18		497
		2/22/16
		7/22/15		497
		2/18/14		497
		11/12/13		497
		8/23/13
		8/30/12		485BPOS
		7/31/12
		1/7/10		497
		1/15/09		497
		12/1/08
		12/11/06
		8/25/06
		6/17/05		497
		6/10/05
		8/15/03
		5/15/03
		7/15/02		497
		2/22/02
		12/14/01
		2/9/01		497
		8/30/99
		1/1/97
		5/1/96
				List all Filings

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57 Previous Filings that this Filing References

As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/20/22 Separate Account A 485BPOS 5/01/22 10:3.9M Donnelley … Solutions/FA 4/15/22 Separate Account I N-VPFS 12/31/21 1:2.1M Donnelley … Solutions/FA 9/24/21 Eq Advisors Trust 485APOS¶ 2/22/22 33:37M Donnelley … Solutions/FA 4/29/21 Eq Advisors Trust 485BPOS 4/30/21 238:173M Donnelley … Solutions/FA 4/20/21 Separate Account A 485BPOS 5/01/21 10:3.9M Donnelley … Solutions/FA 3/17/21 Separate Account No. 49 N-4¶ 3/17/21 6:1.8M Donnelley … Solutions/FA 1/19/21 Eq Advisors Trust 485APOS 19:10M Donnelley … Solutions/FA 4/26/19 Eq Advisors Trust 485BPOS 5/01/19 89:57M Donnelley … Solutions/FA 4/19/19 Separate Account FP 485BPOS 5/01/19 5:5M Donnelley … Solutions/FA 4/16/19 Separate Account A 485BPOS 5/01/19 20:4.9M Donnelley … Solutions/FA 7/31/18 Eq Advisors Trust 485BPOS 8/01/18 27:15M Donnelley … Solutions/FA 4/17/18 Separate Account A 485BPOS 5/01/18 7:4.6M Donnelley … Solutions/FA 10/27/17 Eq Advisors Trust 485BPOS 11/01/17 17:4.6M Donnelley … Solutions/FA 4/28/17 Eq Advisors Trust 485BPOS 5/01/17 50:42M Donnelley … Solutions/FA 4/18/17 Separate Account A 485BPOS 5/01/17 12:5M Donnelley … Solutions/FA 1/31/17 Eq Advisors Trust 485APOS¶ 23:31M Donnelley … Solutions/FA 4/26/16 Eq Premier Vip Trust 485BPOS 4/29/16 15:8.8M Donnelley … Solutions/FA 4/19/16 Separate Account A 485BPOS 4/29/16 7:4.4M Donnelley … Solutions/FA 2/11/16 Eq Advisors Trust 485APOS¶ 28:15M Donnelley … Solutions/FA 9/09/15 Separate Account No. 70 485BPOS 9/09/15 5:550K Donnelley … Solutions/FA 4/17/15 Eq Advisors Trust 485BPOS¶ 4/30/15 19:3.8M Donnelley … Solutions/FA 2/05/15 Eq Advisors Trust 485APOS¶ 79:28M Donnelley … Solutions/FA 1/12/15 Eq Premier Vip Trust 485APOS¶ 22:2.5M Donnelley … Solutions/FA 10/16/14 Separate Account No. 70 485APOS¶ 10:1.4M Donnelley … Solutions/FA 4/30/14 Eq Advisors Trust 485BPOS 5/01/14 40:25M Donnelley … Solutions/FA 10/02/13 Eq Premier Vip Trust 485BPOS 10/07/13 12:7.5M Donnelley … Solutions/FA 10/01/13 Eq Advisors Trust 485BPOS 10/07/13 24:12M Donnelley … Solutions/FA 7/22/13 Eq Advisors Trust 485APOS¶ 13:10M Donnelley … Solutions/FA 7/22/13 Eq Premier Vip Trust 485APOS¶ 12:7.4M Donnelley … Solutions/FA 2/07/13 Eq Advisors Trust 485APOS¶ 41:20M Donnelley … Solutions/FA 4/24/12 Separate Account No. 49 485BPOS 4/30/12 12:8M Donnelley … Solutions/FA 8/17/11 Eq Advisors Trust 485BPOS¶ 8/17/11 11:730K Donnelley … Solutions/FA 8/05/11 Separate Account No. 49 485BPOS 8/05/11 28:8.6M Separate Account A 2/03/11 Eq Advisors Trust 485APOS¶ 50:19M Donnelley … Solutions/FA 1/21/10 Eq Advisors Trust 485APOS¶ 56:16M Donnelley … Solutions/FA 4/20/09 Separate Account A 485BPOS 5/01/09 8:16M 4/15/09 Eq Advisors Trust 485BPOS¶ 4/15/09 15:1.1M Donnelley … Solutions/FA 3/16/09 Eq Advisors Trust 485BPOS¶ 3/16/09 14:1.3M Donnelley … Solutions/FA 2/13/09 Eq Advisors Trust 485APOS¶ 59:17M Donnelley … Solutions/FA 2/05/08 Eq Premier Vip Trust 485APOS¶ 47:8.6M Donnelley … Solutions/FA 12/27/07 Eq Advisors Trust 485BPOS¶ 12/27/07 15:1.4M Donnelley … Solutions/FA 4/27/07 Eq Advisors Trust 485BPOS¶ 4/30/07 30:16M Donnelley … Solutions/FA 2/02/07 Eq Advisors Trust 485APOS¶ 60:16M Donnelley … Solutions/FA 6/01/06 Eq Premier Vip Trust 485BPOS 6/01/06 11:2.7M Donnelley … Solutions/FA 5/19/06 Equitable America Var Ac… America N-6 14:24M Separate Account FP 4/20/06 Separate Account No. 49 485BPOS 5/01/06 8:9.4M Separate Account FP 4/05/06 Eq Advisors Trust 485BXT 12:12M Donnelley … Solutions/FA 8/11/05 Separate Account No. 49 N-4 5:391K Separate Account FP 4/07/05 Eq Advisors Trust 485BXT 24:16M Donnelley … Solutions/FA 10/15/04 Eq Advisors Trust 485BPOS 10/15/04 44:4.8M Donnelley … Solutions/FA 4/19/04 Separate Account A 485BPOS 4/19/04 15:2.9M Separate Account FP 2/25/04 Eq Premier Vip Trust 485APOS 37:3.4M Donnelley … Solutions/FA 2/10/04 Eq Advisors Trust 485APOS 41:5.1M Donnelley … Solutions/FA 2/07/03 Eq Advisors Trust 485APOS 35:2.3M Capital Systems 01/FA 12/10/01 Eq Premier Vip Trust N-1A/A 58:2.8M Capital Systems 01/FA 4/19/01 Separate Account I 485BPOS 4/19/01 5:255K Separate Account FP 12/11/96 Separate Account I S-6EL24 48:1.9M

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