AXA Announces Alternate Loan Option on BrightLife® Grow
August 01 2017 - 10:07AM
Business Wire
AXA US, a leader in providing financial security and retirement
products, announced today that an Alternate Loan option1 will now
be included with all new issues of its BrightLife® Grow
accumulation Indexed Universal Life policy.
BrightLife® Grow provides the potential for tax-deferred growth
while being able to access the policy’s cash surrender value
tax-free through loans and withdrawals2, if needed for important
financial goals or to help maintain quality of life in retirement.
It provides a way to build more cash, now even while taking a
loan.
“The Alternate Loan option on BrightLife® Grow is our latest
product offering providing clients with options and features to
best suit their needs – now and as those needs may change,” said
Michel Roscoe, Head of Life Product Development for AXA in the US.
“It delivers additional flexibility, allowing clients to align loan
collateral with their investment goals, with the loan following
their investment direction, not dictating it.”
The Alternate Loan option allows clients to benefit from the
upside potential of index-linked performance while taking a loan.
Market exposure can be increased or decreased while taking an
Alternate Loan, using an account with a declared fixed interest
rate and/or indexed accounts. The loan will automatically align
with investment choices, allowing clients to focus on the right
policy allocation.
Additionally, a variety of other features can be added to
BrightLife® Grow to tailor the policy to the client’s specific
needs or intentions, including our Long-Term Care Services℠ Rider.3
One of the most competitive and flexible long-term care riders in
the industry, Our Long-Term Care Services℠ Rider requires no
receipts; has features that may help clients keep pace with rising
long-term care costs; doesn’t allow the policy to lapse while
claims are being paid; and allows a client’s condition to be
temporary.4
1 The Alternate Loan option is available after the 3rd policy
year and currently not available in New York, pending approval
2 Policy loans and withdrawals will reduce the face amount and
cash value of the contract. Clients may need to fund higher
premiums in later years to keep the policy from lapsing.
3 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.
4 Not applicable in CT and NY.
BrightLife® Grow is a flexible premium universal life insurance
policy with index-linked interest options. Life insurance is
subject to exclusions and limitations and terms for keeping it in
force. Certain types of policies, features and benefits may not be
available in all jurisdictions, or may be different. For costs and
complete details of coverage, refer to the Product
Specifications.
BrightLife® Grow is issued in New York and Puerto Rico by AXA
Equitable Life Insurance Company (AXA Equitable), New York, NY
10104, and in all other jurisdictions by affiliate MONY Life
Insurance Company of America (MLOA), an Arizona Stock Corporation,
with main administrative office in Jersey City, NJ. MLOA is not
licensed to do business in NY and PR. It is co-distributed by
affiliates AXA Network, LLC (AXA Network 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, LLC and AXA Distributors, LLC are
affiliated companies and do not provide tax or legal advice.
Clients should rely on their own advisors for these matters.
BrightLife® is a registered service mark of AXA Equitable Life
Insurance Company.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-127983 (7/17)
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MediaAXAJohn Cline, 212-314-5142john.cline@axa.us.com
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