Living Care Rider Helps Protect Against High Costs of Long-Term Care NEW YORK, Sept. 11 /PRNewswire-FirstCall/ -- AXA Equitable Life Insurance Company and affiliate MONY Life Insurance Company of America introduced, in states where approved, two additions to its Incentive Life(SM) (IL) variable life insurance series -- a Living Care Rider (LCR) to help safeguard retirement assets from the high costs of long-term care and a new flexible premium product with an Extended No-Lapse Guarantee -- IL(SM) Legacy. "What we're offering," said Barbara Goodstein, EVP, who made the announcement, "is innovative ways to help consumers protect their finances and way of life." Available for a fee to people between the ages of 20 and 70 purchasing the AXA Equitable IL Legacy and IL '06 variable life products, the Living Care Rider functions as an acceleration of the life insurance policy's death benefit to assist those who become chronically ill and receive qualified long- term care services. When electing the LCR, the policyowner chooses from a certain benefit percentage of the policy's face amount, reflecting the maximum monthly payments to be received if he or she becomes chronically ill. If You Don't Use It, You Don't Lose It "Long-term care insurance can require expensive premiums, even if it's never used," says Goodstein. "Our Incentive Life/Living Care Rider combination offers an affordable, hybrid solution to the 'use it or lose it' dilemma." Should the need arise, the Living Care Rider accelerates the life insurance death benefit, defraying the burden of LTC expenses and protecting retirement assets from being depleted. The death benefit is reduced by the amount accelerated. But, if long-term care is never needed, the full death benefit is paid to the beneficiaries. IL(SM) Legacy -- Guaranteed Protection with Upside Potential Available at issue in states where it is approved, IL(SM) Legacy's optional Extended No-Lapse Guarantee (ENLG) Rider ensures, for an additional cost, this flexible premium variable life insurance policy will not lapse for a specified period, regardless of investment performance. "At very competitive premium levels," Goodstein said, "the ENLG eliminates policy lapse risk and extends coverage out for as long as age 100." Because coverage needs vary and may change over time, IL(SM) Legacy offers additional flexibility, including the option to select within limits the amount and timing of premium payments, the flexibility to increase or decrease the policy face amount after the first year (evidence of insurability and surrender charges apply), the ability to customize and change investment options to meet needs and goals, and the choice of two death benefit options. (Transferring assets among investment options is tax-free. Some restrictions apply and exercising some of this flexibility may impact the ENLG or Living Care Rider. The ENLG period of coverage cannot be changed after the policy is issued and there are some investment option limitations and other restrictions. Consult the prospectus for full details, including ENLG requirements and restrictions.). -- Complete terms, conditions and costs of the Incentive Life(SM) Legacy, Extended No-Lapse Guarantee and Incentive Life(SM) Living Care Rider are contained in the respective product prospectuses. Variable life insurance cash values are not guaranteed and will fluctuate based on the performance of underlying investment options. Fee and charges associated with variable life insurance include mortality and expense risk charges, cost of insurance, surrender charges, administrative fees, investment management fees and charges for optional benefits. Loans and partial withdrawals, which may be subject to policy limitations and income tax, will decrease the death benefit and cash value and may adversely impact certain features and benefits of the policies. It is important to understand that the ENLG will not prevent a policy from lapsing if the policyowner has a loan outstanding which exceeds the policy's account value. All guarantees discussed herein are subject to the claims-paying ability of the issuing companies -- AXA Equitable Life Insurance Company or MONY Life Insurance Company of America, a subsidiary of AXA Financial, Inc. Incentive Life is a service mark of AXA Equitable Life Insurance Company. Please consider the charges, risks, expenses and investment objectives of the Incentive Life(SM) series of variable life insurance and respective riders carefully before investing. For a prospectus containing this and other information, please call AXA Equitable at 212-314-4600. Read it carefully before you invest or send money. Part of the Global AXA Group AXA Equitable Life Insurance Company and MONY Life Insurance Company of America (MLOA) are life insurance subsidiaries of AXA Financial, Inc., providing life insurance, annuities and other needs-based products and services for the financial services market, co-distributed by AXA Advisors, LLC, and AXA Distributors, LLC, New York, NY 10104. AXA Financial is one of the premier U.S. organizations providing financial protection and wealth management through its subsidiaries, and had approximately $693.7 billion in assets under management as of June 30, 2006. AXA Financial is a member of the global AXA Group, which had $1.39 trillion in assets under management as of June 30, 2006. All guarantees are based on the claims-paying ability of the issuing company, AXA Equitable Life Insurance Company (AXA Equitable) or MLOA. DATASOURCE: AXA Equitable CONTACT: Lisa Tibbitts, +1-212-314-2811, , or Discretion Winter, +1-212-314-2968, , both of AXA Equitable Web site: http://www.equitable.com/

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