Accumulator
Common Questions
Topics
Death and Income Benefits
- How is the minimum death benefit determined?
The ACCUMULATOR® product has a variety of minimum death benefit features. Please refer to your ACCUMULATOR® Prospectus for additional information regarding this feature or call a Customer Service representative at 1-800-789-7771.
- What documentation is required for a death claim?
A valid death claim generally requires the following, which should be mailed to the ACCUMULATOR® Administration Office, P.O. Box 1547, Secaucus, NJ 07096:- A certified copy of the death certificate from the issuing authority that bears the official raised seal or colored stamp
- All AXA Equitable annuity contracts
- A completed "Claimant Statement" form submitted by all claimants
- A completed "Special Payments Plan Election" form, if applicable
- For contracts issued in New York and Ohio: State Inheritance Tax Waiver, if applicable
Foreign, Non-Individual and Minor Beneficiaries have additional requirements, please contact your Financial Professional or call a Customer Service Representative at 1-800-789-7771.
- Can a contract continue upon the death of the annuitant?
For certain IRA and Non-Qualified (NQ) markets, when the annuitant and owner are one and the same, the annuitant/owner can elect to establish the Successor Annuitant and Owner feature. This feature can only be elected when the spouse is also the sole beneficiary. When the original annuitant/owner dies, the surviving spouse continues the contract as successor annuitant/owner. The annuitant/owner may elect this feature at the time the contract is issued, or the spousal beneficiary may elect it after the death of the annuitant/owner. This feature is subject to state availability.
- What is the minimum income benefit?
If you choose to annuitize the contract and you choose the base BUILDERSM option, your minimum income benefit will be the greater of the:- Then current annuity account value, applied to the then current annuity purchase rates, or
- Guaranteed Minimum Income Benefit base applied to the minimum guaranteed annuity purchase rates as shown in your contract.
To discuss the benefits of annuitization, contact your Financial Professional.
