Retirement Products and Services |
Accumulator®
Build Long-Term Wealth
Guarantee your Future Income Today
Protect your Family Along the Way
This page highlights some of the features and benefits of this product. For more complete details, please download the full prospectus or product fact card, above.
- Key Features
- Investment Options
- Next Steps
The Accumulator® Series |
A suite of variable deferred annuities – long-term retirement products that, in the most basic terms, are contracts between you and an insurance company to accumulate funds and then to provide lifetime payments. There are fees and charges associated with annuities, which include, but are not limited to, mortality and expense risk charges, sales and surrender charges, administrative fees, and additional charges for optional benefits. Accumulator® Series products offer:
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Guaranteed Minimum Income Benefit (GMIB) |
This optional benefit offers a guaranteed minimum level of lifetime payments. The GMIB gives you a guaranteed “floor” for future lifetime income no matter how your Accumulator® investment portfolios perform – and assures that the future income will continue for as long as you live. The GMIB may be exercised on the 10th or later contract anniversary. The GMIB guarantees growth each year to age 85 (assuming that you do not take withdrawals). There may also be an opportunity to “lock in” positive equity investment performance if it exceeds the guaranteed growth amount. Exercising the GMIB converts the current value of the contract into a series of lifetime payments. This optional feature is available for an additional charge of 0.65% or 0.80% annually and, depending on other options you choose, may carry certain restrictions and requirements. For more information about GMIB, please download the full prospectus above. |
Guaranteed Withdrawal Benefit for Life (GWBL)
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The optional GWBL provides a distinctive combination of features: GWBL allows you to start taking guaranteed annual withdrawals at age 45. Account value stays invested in the asset allocation portfolios of your choice while you receive your guaranteed lifetime withdrawal stream, giving you the potential each year to increase your guaranteed withdrawal. Joint Life OptionIf you elect the GWBL with the Joint Life Option, your withdrawals are guaranteed to continue for the life of the surviving spouse. What’s more, the payments to the surviving spouse will be made at the same level as when both spouses were alive. This optional feature is available for an additional charge of 0.65% (0.80% joint life) annually and, depending on the other options you choose, may carry certain restrictions and requirements. For more information, about GWBL, please download the full prospectus above. |
Principal Protection |
By choosing one of our Principal Guarantee Benefit options, you can be assured of receiving back at least 100% — or up to 125% — of your initial contribution after 10 years (adjusted for any additional contributions and withdrawals) regardless of how your investment portfolio choices perform during that period. The additional annual fees for these Principal Guarantee Benefit options are 0.50% and 0.75% of account value, respectively. With these options, there are limitations on investment choices (see the prospectus), and neither option is available if you elect either the Guaranteed Minimum Income Benefit (GMIB) or the Guaranteed Withdrawal Benefit for Life (GWBL). |
Automatic Asset Rebalancing |
Over time, your asset allocation mix may shift due to market performance. If you select our automatic rebalancing program, we can help you maintain your personalized mix by resetting your allocation on a periodic basis. This can be done quarterly, semi-annually or annually. |
One-Step Asset Allocation Portfolios |
You can choose one of our six asset allocation portfolios – from aggressive to conservative – that pick and manage an investment mix over time for you. |
Family Protection |
The Accumulator® Series also protects your beneficiaries from declining markets. Should you pass away before your contract ends, your heirs will receive at least your original investment and, depending on market performance and the options you choose, they could receive more. |
Earnings Enhancement Benefit (EEB)
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This optional feature can provide an amount in addition to the Guarantee Minimum Death Benefit to your beneficiaries. The additional charge for this benefit is 0.30% of the account value. |
Enhanced Death Benefit
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Additional protection is available through the optional Annual Ratchet to Owner’s Age 85 Death Benefit that guarantees your beneficiaries will receive your initial contribution OR the highest account value on any contract anniversary up to the owner’s age 85, whichever is higher. This death benefit will “ratchet up” to the highest account value on any contract anniversary, to age 85. An optional feature available for an additional fee (0.25% for GMIB and 0.30% for GWBL). |
GWBL Enhanced Death Benefit |
The GWBL Enhanced Death Benefit or the 200% initial GWBL Benefit Base Guarantee will pay beneficiaries the GWBL Enhanced Death Benefit Base. |
Enhanced Guaranteed Death Benefit —Greater of 6% (or 6.5%) Roll-Up1 or Annual Ratchet
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“Greater of” 6% Roll-Up and “Greater of” 6.5% Roll-Up are available for issue ages 0-75. If the “Greater of” 6% or 6.5% GMDB is elected with the corresponding GMIB, the Roll-Up Benefit Base of both GMDB and GMIB can be reset annually to equal the Account Value on each contract anniversary.2 An optional feature available for an additional fee of 0.65% or 0.80%. Not available with GWBL. |
Dollar Cost Averaging (DCA)3 |
Dollar Cost Averaging is designed to help you buy more investment option units when prices are low and fewer when prices are high. This results in a lower average cost per unit. Here’s how it works. Every month, a portion of your initial investment allocated to the DCA account will be moved to the variable investment portfolios you select. You can choose whether this happens over a 3, 6 or 12-month period before the entire amount has been transferred. (Not available in all Accumulator® annuities). |
Spousal Protection |
If you elect the Spousal Protection feature at issue, name your spouse as the joint owner and name both of you as the beneficiaries, then upon your death your spouse may continue the contract without incurring any immediate federal income tax liability. |
Beneficiary Continuation Option |
This optional benefit will allow your beneficiaries to "stretch" their inherited assets directly to their beneficiaries, to the next generation — or even the next two generations. |
Guaranteed Interest Option (GIO) |
Guaranteed Interest Option (GIO)4 offers initial guaranteed rate and renewal rates that will change monthly. |
Fixed Maturity Option |
Up to 10 Fixed Maturity Options5 offer guaranteed interest rates, so you’ll know what its value at maturity will be. |
1 The annual Roll-Up benefit base of the “greater of” 6% Roll-Up GMDB, “greater of “ 6.5% Roll-Up GMDB, 6%GMIB and 6.5% GMIB compounds at 3% for assets allocated to the Fixed Maturity Options, the Guaranteed Interest Option, certain variable investment options and in certain states.
2 Subject to State availability. Not available for all contracts. The waiting period to exercise GMIB will be the later of 10 years from the last reset or the original exercise date.
3 DCA is a periodic investment program that does not guarantee profits or protect against losses in a declining market. It involves continuous investing, regardless of fluctuating price levels and, as a result, you should consider your financial ability to continue to invest during periods of low price levels. Certain products may not allow you to participate in any dollar cost averaging program if you are participating in the rebalancing program. See the prospectus for details.
4 No more than 25% of your contributions may be allocated to the Guaranteed Interest Option in any of the Accumulator® variable annuities, with the exception of core Accumulator®. In certain states, this applies to the core Accumulator® as well. Please refer to the prospectus for details.
5 Fixed Maturity Options are subject to age and state availability; all 10 may not be available, depending on interest rates. Fixed Maturity Options are subject to age restrictions and state availability. Withdrawals may be subject to withdrawal charges and Fixed Maturity Option market value adjustments, which may increase or decrease the account value. Withdrawals and transfers from the Fixed Maturity Options may reduce the account value.
The Accumulator Series variable annuities are offered by prospectus. Please consider the charges, risks, expenses, and investment objectives carefully before investing. For a prospectus containing this and other information, please click here or contact your financial professional. Read the prospectus carefully before you invest or send money.
This is not a complete description of all material provisions of the variable annuity contract.
This contract has limitations. For costs and complete details of coverage, speak to your financial professional/insurance-licensed registered representative. Certain types of contracts, features and benefits may not be available in all jurisdictions. We offer other variable annuity contracts with different fees, charges and features. Not every contract is available through the same selling broker/dealer. You can contact us to find out the availability of other contracts (212-554-1234).
Variable annuities are long-term investment products designed for retirement purposes. Variable annuity contract values will fluctuate and are subject to market risk, including the possibility of loss of principal. Variable annuity contracts have limitations. For costs and complete details of coverage, contact your financial professional or insurance-licensed representative.
Certain types of contracts, features and benefits may not be available in all jurisdictions.
Withdrawals of taxable amounts are subject to ordinary income tax and, if made prior to age 59½, may be subject to an additional 10% federal income tax penalty. Neither AXA Equitable nor its agents provide tax and legal advice. You should consult with your attorney and/or tax advisor before investing.
Guarantees described herein are subject to the claims-paying ability of AXA Equitable Life Insurance Company. The guarantees do not apply to the investment portfolios.
Accumulator® is a registered service mark and Accumulator® SelectSM, Accumulator® PlusSM, and Accumulator® EliteSM are service marks of AXA Equitable Life Insurance Company, New York, NY 10104. Co-distributed by affiliates AXA Advisors, LLC and AXA Distributors, LLC. 1290 Avenue of the Americas, New York, NY 10104, (212) 554-1234. AXA Equitable, AXA Advisors and AXA Distributors do not provide legal or tax advice.
Please be advised that this document is not intended as legal or tax advice. Accordingly, any tax information provided in this document is not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer. The tax information was written to support the promotion or marketing of the transaction(s) or matter(s) addressed and you should seek advice based on your particular circumstances from an independent tax advisor.
Issued by AXA Equitable Life Insurance Company, New York, NY 10104.
Contract form numbers: 94ICA/B, 94ICIA/B, 95IM, 2002BASEA/B and any state variations.
GE-42804 (3/08)
Variable Investment Options
Growth Potential
Our variable investment options offer the opportunity to direct how your annuity contributions or life insurance premium payments are invested among a wide array of stock, bond, international and money market investment options.
This access provides an opportunity for growth of your account value. Please keep in mind that variable investment options are subject to fluctuations in value and market risk, including loss of principal.
Quality
Evaluating investment options has never been easy. And in today’s investment environment, where investors have literally thousands of choices. You need an objective and expert guide.
Through a multiple-step selection process, we systematically narrow the universe of money management firms to identify money managers that are best suited to meet specific investment goals.
Many of our money managers are household names you’re sure to recognize. Others are better known among large institutional investors.
Choice
Our variable investment option platform is designed to help meet the needs of a wide variety of investors, while being responsive to an ever-changing market environment. We offer a carefully selected menu of investment options that meets the needs of diversification-minded investors, while accommodating individual preferences and risk appetites.
Simplicity
For investors who want a simplified approach to building a diversified portfolio, a series of asset allocation portfolios are available. No matter which series you choose, each portfolio is constructed as a "fund-of-funds," diversified by AXA Equitable’s team of investment specialists. With one simple investment, you gain access to the combined performance of multiple portfolios, depending on the strategy chosen.
The Benefits of AXA Allocation Portfolios managed by AXA Equitable
- Tailored to Meet Your Goals — you can pursue your individual goals whether based on your personal risk tolerance or time horizon
- Convenient — you get a well-diversified investment program in a single portfolio, utilizing multiple money managers, asset classes and investment styles
- Professionally Managed — you can access well-established money managers, monitored continuously and replaced when necessary
- Automatic Rebalancing — portfolios are rebalanced regularly by trained professionals to keep your investment on track
Please note that AXA Allocation Portfolios entail fees and costs in addition to the fees and costs incurred in the Portfolios' underlying investment earnings.
Performance
As many investors have learned, a portfolio manager can suddenly leave a firm, or deviate from his or her investment style in pursuit of short-term returns. Many times these changes occur without the investors’ knowledge, which could alter the course of a disciplined investment strategy.
That’s why our seasoned team of investment professionals continuously “manages the managers” once they have been selected. This is a dynamic process that holds each money manager accountable and keeps them focused on delivering consistent, long-term results.
Learn More
To learn more about the individual investment options, such as investment strategy, Morningstar rating, top holdings and more, browse our Variable Investment Portfolio Fact Sheets.
You should consider the charges, risks, expenses, and investment objectives carefully before investing. Please click the link at the top of this page to download the product prospectus, which contains this and other information
Variable products are issued by AXA Equitable Life Insurance Company (NY, NY) and are co-distributed by affiliates AXA Advisors, LLC and AXA Distributors, LLC.
GE 43448 (3/08)
Professional Guidance Counts
Your financial professional can be an invaluable in helping you:- Complete a financial needs analysis
- Evaluate the financial strategies available to you, and
- Select appropriate financial products designed to help you reach your goals
