NEW YORK, Nov. 18, 2013 /PRNewswire/ -- AXA Equitable Life
Insurance Company, a pioneer in retirement savings strategies, is
now launching Investment Edge(SM), a variable annuity offering a
3-D approach to long-term investing focused on diversification,
deferral and distribution.
The innovative features of Investment Edge offer clients:
- Diversification through a comprehensive suite of over
120+ investment options, such as alternative investments, sector
funds and ETFs. Investment Edge also offers 38 simple, pre-packaged
portfolios to meet a client's individual investment objectives or
to target a specific asset class.
- Deferral through tax-deferred asset growth potential.
When using Investment Edge for asset accumulation opportunities,
clients receive the benefit of income tax deferral. This enables
their assets to potentially grow more quickly through the power of
compounding – the ability of an asset to generate earnings, which
are then reinvested in order to generate their own
earnings.
- Distribution of withdrawals based on a variety of
customizable, tax-efficient options. Investment Edge features the
flexibility to access distributions in multiple ways, including the
ability to take payments that are only partially taxed.
"American savers are playing defense against the trifecta of tax
code changes, market volatility and prolonged low interest rates –
all conditions that affect savings as well as investments and
hinder their retirement preparedness," said Nick Lane, Head of AXA Equitable's U.S. Life and
Retirement business. "We believe the three-dimensional approach of
Investment Edge helps protect against these vulnerabilities by
offering a cost-effective way to maximize investment
diversification while minimizing tax exposure.
"We are proud of our reputation as an innovator in the
retirement industry, and Investment Edge is the next new category
for our customers."
To learn more about Investment Edge, visit
www.InvestmentEdge.com
About Investment Edge
The Investment Edge variable annuity is a tax-deferred financial
product designed to allow you to invest for growth potential and
provide income for retirement or other long-term life goals. In
essence, an annuity is a contractual agreement in which payment(s)
are made to an insurance company, which agrees to pay out income or
a lump sum amount at a later date. Variable annuities are subject
to market risk including loss of principal. There are fees and
charges associated with a variable annuity contract, which include,
but are not limited to, operations charges, sales and withdrawal
charges and administrative fees. The withdrawal charge declines
from 6% to 3% over five years for Investment Edge. Earnings are
taxable as ordinary income when distributed and may be subject to
an additional 10% federal tax if withdrawn before age 59½.
There are certain limitations and restrictions associated with
variable annuities. For costs and complete details of coverage,
speak to your financial professional/insurance licensed registered
representative.
This press release is not a complete description of all material
provisions of the variable annuity contract.
Please consider the charges, risks, expenses, and investment
objectives carefully before purchasing a variable annuity.
For a prospectus containing this and other information, please
contact a financial professional. Read it carefully before
you invest or send money.
Investment Edge may not be available in all jurisdictions.
Investment Edge (November 2013
version) is issued by AXA Equitable Life Insurance Company,
New York, NY 10104 and is
co-distributed by AXA Advisors, LLC and AXA Distributors, LLC,
New York, NY 10104. AXA
Equitable, AXA Advisors, and AXA Distributors are affiliated
companies and do not provide legal or tax advice.
Contract form #s: ICC13IEBASE1 and ICC13IEBASE2 and any state
variations.
About AXA Equitable
In business since 1859, AXA Equitable Life Insurance Company
(NY, NY) is a leading financial protection company and one of the
nation's premier providers of life insurance, annuity,
and financial products and services. The company's products and
services are 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 Equitable, a subsidiary of AXA Financial Inc., is part of
the global AXA Group, a worldwide leader in financial protection
strategies and wealth management with 102 million clients in
57 countries as of December 31,
2012. "AXA Group" refers to AXA, a French holding company for
an international group of insurance and financial services
companies together with its direct and indirect consolidated
subsidiaries. Find AXA Equitable
on Facebook and Twitter. For more information,
visit www.axa-equitable.com.
SOURCE AXA Equitable