AXA Announces Extended Guarantee on BrightLife® Protect
January 23 2017 - 11:33AM
Business Wire
AXA US, a leader in providing financial security and retirement
products, announced today that it is extending the no-lapse
guarantee on its BrightLife® Protect, protection Indexed Universal
Life policy. With a “no-math” guarantee to age 90 for level annual
premium payments, there’s no guesswork or calculation, just a
simple number clients can rely on.1 The powerful combination of
this new, simple no-lapse guarantee and AXA’s competitive long-term
care option, lets clients live more today, keep more of what they
earn with tax-deferred growth and potentially build more cash value
that they can actually use.
“At AXA, we are always looking for ways to best meet our
clients’ ever-changing needs,” explained Ron Herrmann, Head of Life
Business for AXA US. “By extending the guarantee, we’re able to
help our clients adjust to life’s changes, stay protected and have
peace of mind for the future.”
For the same competitive cost, the clients’ coverage is now
guaranteed to age 90 when purchased at age 50 or older, or for 40
years if purchased under age 50.1
Other important features of BrightLife® Protect:
- A Competitive long-term care rider.
- By applying for added flexibility and
protection under the Long-Term Care Services℠Rider, one of the most
competitive in the industry, clients can help prepare for the
unexpected.2
- Cash value flexibility.
- Clients can help build more wealth with
a growth component to their protection. Potential growth is tied to
a market index up to a cap, with a downside protection and the
advantages of tax deferral. Plus, they can actually use that wealth
by taking cash value withdrawals, if their circumstances
change.3
- Cost-effective death benefit.
- Provides one of the most cost-effective
protection policies available, with a death benefit for one of the
lowest projected costs in the industry.
1 Coverage is guaranteed to age 90, or for 40 years if the
policy is purchased under age 50, as long as the required guarantee
premium is paid.2 The Long-Term Care Services℠ Rider does have an
additional cost and is subject to restrictions and limitations.
Clients may qualify for life insurance, but not for the Long-Term
Care Services℠ Rider.3 Policy owners would be accessing the cash
value through loans and withdrawals. Loans and withdrawals reduce
the policy cash value and death benefit, may cause certain policy
benefits or riders to become unavailable, and increases the chance
that the policy may lapse. If the policy lapses, is surrendered or
becomes a Modified Endowment Contract (MEC), the loan balance at
the time would generally be viewed as distributed and taxable under
the general rules for distribution of policy cash values.
Life insurance policies have certain exclusions and limitations
and terms for keeping them in force. Certain types of policies,
features and benefits may not be available in all jurisdictions or
may be different. For costs and more complete details of coverage,
contact your financial professional. This press release contains
summary information about the BrightLife Protect policy. Please
read the actual policy for terms and conditions.
BrightLife® Protect, a flexible Premium universal life insurance
policy with an index-lined interest option is issued in New York
and Puerto Rico by AXA Equitable Life Insurance Company (AXA
Equitable). NY, NY, and in all other jurisdictions by MONY Life
Insurance Company of America (MLOA), an Arizona stock company with
its main administrative office in Jersey City, NJ. It is
co-distributed by AXA Network, LLC Insurance Agency of California,
LLC in CA; AXA Network Insurance Agency of Utah, LLC in Utah; AXA
Network of Puerto Rico in PR) and AXA Distributors, LLC. AXA
Equitable, MLOA, AXA Network and AXA Distributors are affiliated
companies and do not provide tax or legal advice.
BrightLife® is a registered service mark and Long-Term Care
Services℠ is a service mark of AXA Equitable Life Insurance
Company.
All guarantees are based solely on the claims-paying ability of
the issuing life insurance company, AXA Equitable Life Insurance
Company or MONY Life Insurance Company of America.
Policy Form #ICC 15-300 or state variations. Rider form
#ICC15-R15-140 or state variations.
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, annuity, and financial products and
services 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.
AXA S.A. 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,
2016. AXA S.A. has been ranked the No. 1 insurance brand in the
world by Interbrand for eight consecutive years as of year-end
2016.
The obligations of AXA Equitable Life Insurance Company and MONY
Life Insurance Company of America are backed solely by their own
claims-paying ability. Find AXA on
Facebook, Twitter and LinkedIn. For more
information, visit www.axa.com.
GE-122314 (1/17) (Exp.1/19)
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MediaAXA USJohn Cline,
212-314-5142john.cline@axa.us.com
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