AXA Equitable Life Introduces Enhanced Investment Strategies to Accumulate Wealth and Build Financial Security for Retirement
June 25 2019 - 9:11AM
Business Wire
AXA Equitable Life, a leading
financial services company, today launched Retirement Cornerstone®
19, an enhanced version of Retirement Cornerstone®, its multi-stage
variable annuity. The company also announced updates to its
market-leading structured annuity, Structured Capital Strategies®.
These enhancements will enable clients to build wealth and create
protected lifetime income, while mitigating risk and keeping pace
with inflation.
“With these new enhancements we are providing a way for people
to weather changing market dynamics while accumulating wealth for
the future,” said Kevin Kennedy, Head of Individual Retirement, AXA
Equitable Life. “Variable annuities play an integral role in
helping people to create lifetime income and retire with dignity.
These new offerings are the latest examples of our track record of
innovation in this area.”
Retirement Cornerstone® 19 provides wealth accumulation and
optional guaranteed lifetime income and death benefits.i This
updated version of Retirement Cornerstone® provides 5% guaranteed
growth on the income base, with the opportunity for up to 8% growth
based on Treasury rates. This is designed to provide investors with
income that can keep pace with inflation and address the rising
costs of living in retirement.
The company also announced updates to its market-leading
structured annuity, Structured Capital Strategies®. Structured
Capital Strategies® is a variable and index-linked deferred annuity
that offers upside market performance potential up to a cap with
some downside protection. New features in select versions of
Structured Capital Strategies® include the ability to invest on a
one-year basis with tax deferral and growth potential up to a cap.
This benefit gives investors the flexibility to realize potential
returns or partial downside protection more quickly.
About Retirement Cornerstone®
Retirement Cornerstone® is a single tax-deferred variable
annuity comprised of two separate accounts that help address
different goals. The Investment Account offers an extensive
selection of over 100 investment portfolios from well-known
investment managers. The Protected Benefit Account funds the
Guaranteed Minimum Income Benefit (GMIB), an optional rider
available for an additional fee. The GMIB ensures the investor will
be able to generate lifetime income – no matter how their
investment portfolios perform – if they stay within certain
withdrawal guidelines. As the investor’s needs change over time,
assets can be transferred from the Investment Account to the
Protected Benefit Account.
About Structured Capital Strategies®
Structured Capital Strategies® is a variable and index-linked
tax deferred annuity designed for retirement income. Structured
Capital Strategies® provides the opportunity for growth while
limiting potential losses. Investors can participate in the
performance of one of several mainstream indices, such as the
S&P 500, Russell 2000 or MSCI EAFE, up to a cap, with up to 30
percent downside market protection to limit losses. Investors
absorb the loss in excess of -30%, so there is a risk of
substantial loss of principal. Investors can customize the product
to their investment risk tolerance and individual retirement goals
by choosing the index on which they would like to base the
performance of their investment, the maturity date of the
investment and the level of downside protection with which they are
comfortable.
About AXA Equitable Life
AXA Equitable Life is a wholly-owned indirect
subsidiary of AXA Equitable Holdings, Inc.
(NYSE: EQH). Founded in 1859, the company is one of
America’s leading financial services providers with 2.8 million
customers and more than $208 billion of assets under management (as
of 3/31/19). AXA Equitable Life’s mission is to help people retire
with dignity, protect their families and prepare for their
financial futures with confidence.
All contract and rider guarantees, including optional benefits,
are backed by the claims-paying ability of AXA Equitable Life
Insurance Company. Contract form #s – Retirement Cornerstone:
ICC12BASE4 and ICC12BASE3 and any state variations // Structured
Capital Strategies: 2016SCSBASE-I-B-[A/B] and any state
variations.
Retirement Cornerstone® 19 and Structured Capital
Strategies® are each offered by prospectus, which you can
obtain from your financial professional or AXA Equitable Life
Insurance Company. The prospectus contains detailed information
about investment objectives, risks, charges and expenses. You
should read the prospectus and consider this information carefully
before purchasing either variable annuity contract.
A variable annuity is a long-term product designed for
retirement purposes. There are fees and charges associated with a
variable annuity contract, which include, but are not limited to,
operations charges, sales and withdrawal charges, administrative
fees and additional charges for optional benefits. Annuity
contracts have certain restrictions and limitations. Amounts
invested in an annuity’s portfolios are subject to fluctuation in
value and market risk, including loss of principal. Distributions
taken prior to annuitization are generally considered to come from
the gain in the contract first. If the contract is tax-qualified,
generally all withdrawals are treated as distributions of gain.
Withdrawals of gain are taxed as ordinary income and, if taken
prior to age 59½, may be subject to an additional 10% federal tax.
It is not possible to invest directly in an index.
Retirement Cornerstone® 19 and Structured Capital Strategies®
are issued by AXA Equitable Life Insurance Company (AXA Equitable)
(NY, NY). Co-distributed by affiliates AXA Advisors, LLC (member
FINRA, SIPC) and AXA Distributors, LLC. 1290 Avenue of the
Americas, New York, NY 10104, (212) 554-1234
GE-146148(06/19)(exp.06/21)
___________________________________
i The Guaranteed Minimum Income Benefit (GMIB) and the
Guaranteed Minimum Death Benefit (GMDB) are available for an
additional fee. The GMIB Deferral and Annual Roll-Up Rates compound
annually and are guaranteed to be locked in for the first 7
contract years. Both the Deferral and Annual Roll-Up Rates can be
as high as 8% and will never be less than 5%. The GMIB must be
elected at contract issuance and investors must be within a certain
age range to be eligible. It is important to note that retirement
income is not protected until the contract holder begins paying for
the rider.
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version on businesswire.com: https://www.businesswire.com/news/home/20190625005615/en/
Media: Abby Aylman Cohen AXA Equitable Life
mediarelations@axa-equitable.com (212) 314-2010
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