Topics

Unit Prices

• How can I check daily unit prices?
  Daily unit prices can be obtained:

  • Online, through AXA-Equitable.com. From the Portfolio Summary screen, click on the contract number to view unit prices and account details.
  • By calling TOPS, our toll-free automated system at 1-888-909-7770 - press option 1 and select "daily unit values" to hear unit prices for the investment options available under your contract.

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• Why does "Unit Value" show as NA in AXA-Equitable.com?
  Due to a technical problem, the mainframe is currently unable to retrieve the value of units in that fund. This is only a temporary problem and you should try again later.

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• Can I check the investment options in mutual fund listings?
  The investment options available to you through your AXA Equitable variable annuity contract are not publicly traded funds and do not appear in the mutual fund listings that are published in many daily newspapers.

  Barron's, a financial weekly newspaper, does include a listing for variable annuities and life accounts in its "Market Week" section. The unit price, four-week percent total return and a 52- week percent total return is reported (as of a specified date) for the investment portfolios available for selected AXA Equitable variable annuities.

  The Wall Street Journal, every Monday, lists Variable Annuities in the "Money and Investing" section (Section C). Look for "AXA Equitable Life Insurance Company".

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• Can I download values into Quicken®?
  Programs like Quicken® and Microsoft® Money use ticker symbols of publicly traded stocks and retail mutual funds to gather their data. Neither your AXA Equitable contracts nor the funds that back them are retail mutual funds and therefore do not have ticker symbols. The investment portfolios that you have access to within your policy or contract do not have ticker symbols, so you won't be able to look them up on mutual fund sites to determine their most current price.

  AXA-Equitable.com, your online information source for the status and current values of your AXA Equitable life and annuity contracts, does provide you with the most recent closing price for all the investment portfolios you have available to you. In addition, online access also displays monthly and quarterly annualized rates of return for the portfolios available within our variable life and annuity contracts.

  Please remember that while several of your variable investment options do indeed have substantially similar investment strategies and policies of publicly traded mutual funds, they are subject to different management fees and expenses. Furthermore, the actual performance under your individual policy or contract reflects insurance-related charges, which would not apply in a typical mutual fund. In general, you should be aware of the differences when comparing performance of mutual funds and their variable annuity or variable life counterpart portfolios. Major factors that can contribute to these differences include:

  • the portfolio's underlying fee structure (management and administrative expenses),
  • insurance and contract related charges in addition to management expenses (not applicable to mutual funds)
  • the timing of the portfolio's purchase and sale of securities; differences in cash flows (new sales and redemptions); and, other strategies employed by the fund manager for tax purposes (not applicable to variable portfolios given their tax-deferred status)

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• Why do unit values for the same investment option differ between different variable annuity contracts?
  Unit values for the same investment option under different variable products may differ because:

  • The types or level of charges deducted before the unit value is calculated may differ by product. Check your policy/contract prospectus for detail on charges for the particular product.
  • The policies/contracts were introduced in different years and a new set of unit prices was established.

  Note that although the two products may have different unit values for the same investment option, the annualized rates of return for the products may in fact be the same. You can access performance/rate of return information from the Portfolio Summary screen of AXA-Equitable.com.

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