|
AXA EQUITABLE: AM Best -
Last Updated: July 22, 2010 |
| |
Carrier Unique Product Highlights |
| |
|
| |
|
| |
|
| |
Updated AXA Equitable News |
| |
|
| |
The co (AXA) has just released their Indexed UL product. For those that sell Indexed products, this seems to be the one to look at. |
- We are pleased to announce effective Monday, July 12, 2010, AXA Equitable introduces Athena Indexed Universal Life, Series 151, subject to state availability. The introduction of this product enhances the company’s existing universal life product portfolio.
- A non-registered product, Athena Indexed UL is a flexible-premium universal life insurance policy that offers both the opportunity for lifetime insurance protection, as well as the potential accumulation of cash value through index-linked interest options and a Guaranteed Interest Account (GIA).
- The interest crediting is linked to major market indices, which can provide participation in the upside potential of the equities markets, with built-in guaranteed downside protection against market losses.
- A key feature of Athena Indexed UL is providing ongoing flexibility by enabling clients (subject to policy limits and requirements) to change their premium payments , the amount of their death benefit , and their indexed account allocations, so they can adapt the policy’s benefits to life’s changes.
- Athena Indexed UL targets cash accumulation and estate planning sales. For both market segments, the typical client is issue age 35-65, affluent or emerging affluent, and is looking to maximize cash value accumulation for retirement income and/or wealth transfer purposes.
|
Changes to Financial Underwriting requirements and changes to commercial Premium Financing acceptance |
- We are happy to announce a new flexible financing approach for AXA Equitable cases.
- Certain changes now in effect make life easier for clients and producers in evaluating and possibly pursuing commercial financing options for the payment of premiums.
- These options center on individual cases financed by banks, as opposed to premium financing programs that are mass marketed to producers.
- Required forms are available on www.axa-equitable.com and iPipeline.
When: Effective immediately.
|
|
| |
|
| |
January 15, 2010 |
| |
-
AXA has made a change to our Athena UL ESLI (Employer Sponsored Life) Series 148.
-
On Dec 14th face amount increases became available for all policy holders after the first yr. Min increase must be 10,000. Requires evidence of insurability.
In mid January they will be launching a new term product: Term Series 151X
-
Approved for Sale starting on Jan 18th 2010 in MOST states.
-
New Min Death benefit $1,000,000.
-
Many Female rates will be lowered, small increases will be made to some male rates on the 15 and 20 year series.
-
Applications for states that have approved the product starting Jan 18th that are received between Jan 18th and Feb 18th 2010 maybe submitted for the current term series 150 or for the new series 151X. After Feb 18th no choice, only the 151x series will be available for states that have approved the new series. If it isn’t approved in a state, then you will be able to sell the old series until the new one is approved. The Plan MUST BE NOTED ON THE APP as to which plan you want.
What are the benefits of Supplemental Income?
Protection for family during working years or when there are other planning needs
Under current tax law, life insurance cash values generally grow federal income tax-free
Cash value can be accessed through tax-free withdrawals and loans free of income taxation
Who are ideal Supplemental Income clients?
- Professionals - who want to supplement their existing retirement plans
- Business Owners - who want to provide a hassle-free retirement plan for themselves and, perhaps, a few key people
- Corporate Executives - who wish to structure a salary continuation program
- Individuals and families - who are concerned with adequate retirement
|
| |
Attractive Product Features, Including: |
| |
-
Return of Premium Rider with up to a 6% interest crediting factor
-
High Cash Value Rider (available for an additional cost)
-
Charitable Rider that allows clients to leave additional amounts to charities at no additional cost
|
| |
*Certain premium requirements must be met after age 90. |
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
|
| |
| |
 |
|
|
|
|