Equitable America Variable Account A of Equitable Financial Life Insurance Co of America has announced plans to liquidate the ProFund VP Bear Portfolio, effective April 23, 2027. This decision is significant as it will impact policyholders who currently have investments in this subaccount.

The liquidation means that the ProFund VP Bear Portfolio will no longer be available under the variable annuity contracts issued by Equitable. As of April 12, 2027, the fund will stop accepting new investments, and shareholders will have until April 16, 2027, to reinvest dividends and distributions.

Equitable America Variable Account A is part of the investment management sector, focusing on providing variable annuity contracts. The company has made several recent filings, including multiple submissions on November 2, 2026, indicating ongoing activity in managing its investment products.

According to the recent SEC filing, the Board of Trustees of ProFunds approved the liquidation plan, which will also affect the ProFund VP Bear Portfolio Sub-Account. Any fund value allocated to this sub-account as of the liquidation date will be automatically transferred to the EQ/Money Market Portfolio subaccount. This transfer will occur without any fees for policyholders, allowing for a seamless transition.

The filing specifies that after 3:00 p.m. Central Time on April 23, 2027, no further allocations or transfers may be made into the ProFund VP Bear Portfolio Sub-Account. Instead, any requests for allocations will be redirected to the Money Market Sub-Account.

Policyholders are encouraged to review their investment options and consider reallocating their funds before the liquidation date. Equitable has stated that they do not impose a transfer fee for moving funds among subaccounts, which may provide flexibility for investors during this transition.

The impact of this liquidation may extend beyond just Equitable America, as it reflects broader trends within the investment management industry. Other firms may need to reassess their offerings and strategies in response to changes in investor preferences and market conditions.

Looking ahead, the filing does not specify any further actions or upcoming votes related to this decision. However, policyholders are advised to stay informed and consult with their financial representatives regarding their investment strategies in light of this development.