AXA Announces Addition of Long-Term Care Services(SM) Rider to Guaranteed Issue Program
June 19 2017 - 11:27AM
Business Wire
AXA, a leader in providing financial security and retirement
products, announced today that it is now offering its competitive
Long-Term Care ServicesSM Rider (LTCSR)1 to its Guaranteed Issue
Program, giving employers a way to offer the long-term care
coverage their key executives want and need.
AXA’s Guaranteed Issue Program streamlines the process for
obtaining life insurance. It is based on formulas and employee
classifications, instead of lengthy medical questionnaires and
exams, and is now able to offer the only true long-term care rider
in a Guaranteed Issue Program.
“We heard our clients saying that they are always looking for
ways to attract, reward and retain key executives,” said Ronald
Herrmann, Head of the US Life business for AXA. “By adding the
option of the LTCSR to our Guaranteed Issue Program, we’re able to
strengthen our offering and provide clients with a way to offer
long-term care coverage that their key executives are looking
for.”
Traditionally, employers have offered retirement benefits or
life insurance or a combination of the two. Now they have the
flexibility to round out their benefits plan by adding long-term
care coverage as part of the Guaranteed Issue Program. One of the
most competitive and flexible long-term care riders in the
industry, AXA’s Long-Term Care ServicesSM Rider requires no
receipts; has features that may help their employees keep pace with
rising long-term care costs; doesn’t allow the policy to lapse
while claims are being paid; and allows the employee’s condition to
be temporary. 2 The Guaranteed Issue Program also offers the
flexibility for key executives to be added to the plan in later
years and is fully portable, so they can take the coverage with
them should they leave the company.
AXA’s Guaranteed Issue Program with Long -Term Care ServicesSM
Rider option provides protection and flexibility for employees and
their families, without the typical tradeoffs. They are able to
receive traditional life insurance protection; additional ways to
save for and help preserve retirement income (with the cash value
of permanent life insurance); tax-deferred growth; a tax-free life
insurance benefit; and an option to help pay for long-term care
expenses without having to use their savings.
1 The Long-Term Care ServicesSM 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
ServicesSM Rider.
2 Not applicable in CT and NY.
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. 1290 Avenue of the
Americas, New York, NY 10104.
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 107 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-126636 (6/17)
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version on businesswire.com: http://www.businesswire.com/news/home/20170619005889/en/
MediaAXAJohn Cline,
212-314-5142john.cline@axa.us.comorJennifer Recine,
212-314-2009jennifer.recine@axa.us.com
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