Immediate Annuities

Regular Income Now And For Life

With an immediate annuity you can turn your assets into regular payments beginning now and lasting for the rest of your life or for a specified period of time. At retirement, you can use distributions from defined contribution plans, 401(k)s or IRAs to fund an immediate annuity and create a personal pension.

By definition, immediate annuities are single-payment annuities. Any large sum of cash – from an inheritance, legal settlement, sale of a business or home – can be converted into an income stream for the duration you specify. Immediate Annuities are not intended to offer liquidity or growth potential. 

Immediate Annuities feature:

• Regular Payments: Can be received on a monthly, quarterly, semiannual or annual basis.
• Distribution Options: Depending on your particular needs, you can choose from distribution options: your lifetime, lifetime for you and your spouse, for a specified time (with your beneficiary receiving payments if you die during that period).
• Choice of Contract Types: Fixed immediate annuities guarantee level payments regardless of market performance. Variable immediate annuities provide regular fluctuating payments reflecting the performance of the equities in which they are invested.
• Tax Benefits: For immediate annuities funded with non-qualified assets, the payment of principal is tax-free; only interest is taxable.
• Postponement of Taxes: For immediate annuities funded with qualified assets (i.e., from IRA’s or other tax-deferred accounts), earnings you have accrued are fully taxable. However, taxation is postponed by being spread out through the entire length of the annuity distribution.
• No Withdrawals: Once purchased, immediate annuities have no cash value, so no payments other than the scheduled payments guaranteed under the contract are available.

For more information on immediate annuities, contact your financial professional.

Variable annuities are offered by prospectus, which you can obtain from your financial professional or the 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 a variable annuity contract.

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 cost and complete details on coverage, contact your financial professional/licensed life insurance agent.

Securities offered through AXA Advisors, LLC, (212) 314-4600, member FINRA , SIPC. Annuities are issued by AXA Equitable Life Insurance Company (New York, NY 10104) and by various unaffiliated carriers through AXA network, LLC and its subsidiaries. AXA Advisors, AXA Equitable and AXA Network are affiliated companies.

Life insurance and annuities are issued by AXA Equitable Life Insurance Company (AXA Equitable) and by various unaffiliated carriers through AXA Network, LLC and its subsidiaries. Co-distributed by AXA Distributors, LLC and AXA Advisors, LLC, members  FINRA, SIPC. AXA Equitable, AXA Network, AXA Distributors and AXA Advisors are affiliated companies. All guarantees are based on the claims-paying ability of AXA Equitable. The guarantees do not apply to the investment portfolios.

AXA Financial, Inc. and its subsidiaries do not provide tax or legal advice. This material is provided for informational purposes only. Please consult your tax and/or legal advisors regarding your particular circumstances.

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