NEW YORK, Jan. 27, 2014 /PRNewswire/ -- AXA, a
pioneer in financial protection, has launched
BrightLifeSM Protect*, an innovative life insurance
policy designed to meet cost-effectively the protection needs of
individuals, families and businesses. BrightLifeSM
Protect, available for sale nationwide, has the dual appeal of a
low cost structure and flexibility to adjust to a policyholder's
changing needs.
"In the U.S., individual life insurance ownership is at a
50-year low, putting many American families and businesses at
financial risk," said Nick Lane,
head of AXA's U.S. Life and Retirement business. "At AXA, we're
responding to a changing marketplace that demands affordable
coverage as never before. BrightLifeSM Protect is a
product designed to bring financial protection within reach of the
modern American family juggling multiple financial priorities, such
as saving for a new car, planning for college, and putting money
aside for retirement."
BrightLifeSM Protect, a flexible, premium universal
life insurance policy with an index-linked interest option, offers
policy holders such practical features as:
- Choice. Premiums can be allocated to a Fixed Account
(guaranteed interest account) that offers a guaranteed rate of
return and/or to a Select Account, an index-linked interest option
tied to the S&P 500** price return index, subject to a cap,
that offers upside cash value accumulation potential and a
guaranteed 0% floor which protects from losses due to market
performance.
- A Long-Term Care Services
Rider℠.BrightLifeSM Protect provides the
option to add for an additional charge a Long-Term Care
ServicesSM Rider which functions as an acceleration of
the life insurance policy's death benefit that can be used to pay
for qualified long-term care expenses. (Some restrictions may
apply. See the outline of coverage and policy rider form for more
information.)
- Flexible premium payments. These may be
reduced or skipped. This flexibility can make the policy adaptable
to changing financial needs, so long as the policy contains
sufficient cash surrender value to pay monthly premium deductions.
(Skipping or reducing premium payments reduces the cash value and
increases the chance that the policy will lapse.)
- Benefits for businesses. Depending on one's business
needs, a BrightLifeSM policy may be used to insure the
business owner/policy holder, partners, or key employees, and it
also can be structured to aid transfer of ownership in the event of
a business-owner's death.
An Even Brighter
Life
Stay tuned for an even brighter
BrightLifeSM … Later this year, AXA plans to announce
another BrightLifeSM product -- BrightLifeSM
Grow – which will feature a design for tax-deferred accumulation
needs.
For more information about BrightLifeSM Protect,
please go to
http://www.axa-equitable.com/news/2014/axa-launches-brightlife-protect.html
*Issued by AXA Equitable and MONY Life Insurance Company of
America.
**S&P®, Standard & Poor's®, S&P 500®, and Standard
& Poor's 500™are trademarks of Standard & Poor's and have
been licensed for use by AXA. BrightLifeSM Protect
Indexed Universal Life is not sponsored, endorsed, sold or promoted
by Standard & Poor's and Standard & Poor's does not make
any representation regarding the advisability of investing in the
product.
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 BrightLifeSM Protect
policy. Please read the actual policy for terms and conditions.
BrightLifeSM Protect and Long-Term care
ServicesSM Rider are service marks of AXA Equitable Life
Insurance Company, NY 10104.
BrightLifeSM Protect is issued by AXA Equitable Life
Insurance Company (AXA Equitable), New
York, NY or MONY Life Insurance Company of America (MONY
America) , an Arizona Stock Corporation, main administrative
offices in New York, NY.
Co-distributed by AXA Network, LLC and AXA Distributors, LLC.
All companies are affiliated and directly or indirectly owned by
AXA Equitable Financial Services, LLC. Policy Form ICC12-100 for
ICC states. The remaining states use policy form 12-100 or state
variation.
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.
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: NY,
NY), AXA Advisors, LLC, and AXA Distributors, LLC. In business
since 1859, AXA 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 102 million clients in 57 countries as of
December 31, 2012.
The obligations of AXA Equitable Life Insurance Company and MONY
Life Insurance Company of America are backed solely by their
claims-paying ability.
GE-91004 (1/14) (Exp. 1/16)
SOURCE AXA
