Retirement Products and Services |
Guaranteed Growth Annuity
Safety, Stability and Guarantees
Guaranteed Interest Rates
Tax-Deferred Growth
Principal Guarantee
This page highlights some of the features and benefits of this product. For more complete details, please download the product fact card, above.
- Key Features
- Next Steps
Key Features
Guaranteed Interest Rates |
Your annuity earns tax-deferred interest at a guaranteed interest rate for a guaranteed period. When you buy a Guaranteed Growth Annuity (GGA) contract, you choose a guaranteed period of either one or five years. The initial interest rate is guaranteed for either one or five years, depending on which option you choose. Because the initial one-year rate includes an interest rate enhancement, the rate after the end of the initial period may be lower. |
Tax-Deferred Growth |
Your balance grows on a tax-deferred basis. You only pay taxes on gains when you withdraw your money — typically in retirement when your tax bracket will be lower — providing potentially higher net returns for you. |
Principal Guaranteed by AXA Equitable |
AXA Equitable guarantees that you will always receive at least your principal (adjusted for withdrawals), when you surrender your contract. |
Guaranteed Minimum Renewal Rate |
At the end of the guaranteed period chosen, you will receive a renewal rate guaranteed never to be lower than the minimum guaranteed interest rate specified in your contract. Renewal rates may be either higher or lower than what we are currently paying under new contacts issued at that time. |
Access to Your Money |
You can withdraw 10% of your account value each year without incurring surrender charges. Surrender charges apply during the first 5 years of the contract. If a withdrawal is taken prior to age 59½, it may be subject to a 10% federal income tax penalty |
Lifetime Income Options |
You can even convert your annuity later into a lifetime income stream for you, and if you wish, your spouse. |
This is a general summary of the key provisions of this contract; however, variations by state may apply, and policyholders should refer to the actual policy for a complete description of applicable provisions.
This contract has limitations. For costs and complete details of coverage, contact your financial professional.
The Guaranteed Growth Annuity is issued by AXA Equitable Life Insurance Company (AXA Equitable).
Contract form #SPDA-96 and any state variations
1290 Avenue of the Americas, New York, NY 10104, (212) 554-1234
GE-42885 (2/08)
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