AXA Lowers Rates on Term Life Insurance Policies
September 19 2016 - 10:06AM
Business Wire
Company also provides competitive conversion privileges
AXA, a leading financial protection company, has announced
changes to its BrightLife® Term insurance product, including lower
rates and easier processing on an offering that already has some of
the industry’s best conversion privileges to permanent
coverage.
“Since September is ‘Life Insurance Awareness Month,’ we are
taking this opportunity to let people know that they can get
cost-effective protection from financial risk with a simple product
like Term insurance,” said Ron Herrmann, head of AXA’s Financial
Protection business. “The fact that our rates are lower may help
them take that important step.”
Term insurance is often a good fit for people who need
affordable protection for their families because it costs less than
permanent life insurance. However, if clients purchase term
insurance, then their needs change, they can easily convert it to
any AXA permanent life insurance policy later on.
Making it easier to buy Term Life
In addition to rate decreases for Term insurance and one of the
best conversion privileges in the industry, AXA is committed to
implementing changes that will improve the sales process.
“We’ve been listening to the marketplace, and AXA is committed
to implementing changes that will provide a more consistent, better
sales experience for financial professionals and their clients,”
said Herrmann.
Important BrightLife® Term features:
- Lower rates on some policies. AXA’s
“Term 20” rates will be more competitive for many consumers.
- Now accepting informal applications for
policies with face amounts of $1 million or more, enabling
financial advisors to quickly compare and present the most
competitive product to clients.
- Speeding the process is a new team of
underwriters dedicated to processing term business quickly and
efficiently.
- Continued conversion privileges that
are among the industry’s most generous. If clients convert from
Term insurance to any of AXA’s permanent life insurance policies
within five policy years, they can receive an extra credit of 25
percent that can be applied toward the premium of the permanent
policy. Plus, they can apply to add the Long-Term Care ServicesSM
Rider.1 This can help clients upgrade their coverage as their
income grows.
- Realize the benefits of a healthy
lifestyle. Certain clients who meet healthy lifestyle criteria may
receive a one-class rating improvement from AXA underwriters,
lowering the cost of coverage in some cases.
1Additional underwriting may be required.
Term life insurance products are issued by AXA Equitable Life
Insurance Company (NY, NY) or by affiliate MONY Life Insurance
Company of America (AZ stock company, administrative office: Jersey
City, NJ).
BrightLife® is a registered mark of AXA Equitable Life Insurance
Company, New York, NY 10104.
About AXA
“AXA” is a brand name of AXA Equitable Financial Services,
LLC and its family of companies, including AXA Equitable Life
Insurance Company (NY, NY), MONY Life Insurance Company of America
(AZ stock company, administrative office: Jersey City, NJ), AXA
Advisors, LLC, and AXA Distributors, LLC. In business since 1859,
AXA Equitable Life Insurance Company is a leading financial
protection company and one of the nation’s premier providers
of life insurance and annuity products distributed to
individuals and business owners through its retail distribution
channel, AXA Advisors, LLC (member FINRA, SIPC) and to the
financial services market through its wholesale distribution
channel, AXA Distributors, LLC (member FINRA, SIPC).
AXA S.A. (also referred to as “AXA Group”) is a
Paris-headquartered holding company for a group of international
insurance and financial services companies, including AXA Equitable
Financial Services, LLC companies. AXA S.A. is a worldwide leader
in financial protection strategies and wealth management with 103
million clients in 64 countries as of Dec. 31, 2015. AXA S.A. has
been ranked the No. 1 insurance brand in the world by Interbrand
for seven consecutive years as of Oct. 5, 2015.
The obligations of AXA Equitable Life Insurance Company and MONY
Life Insurance Company of America are backed solely by their
claims-paying ability. Find AXA
on Facebook, Twitter and LinkedIn. For more
information, visit www.axa.com.
GE-118725 (9/16)
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MediaAXAJohn Cline, 212-314-5142john.cline@axa.us.com
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