Insurance Products and Services

Indexed Universal Life Insurance

Life Insurance Protection, Cash Value Accumulation Potential, Downside Protection

Indexed universal life insurance¹ combines life insurance protection with equity-linked accumulation potential. It has some of the same features as universal life, like premium flexibility, but also offers more growth potential, but with less risk than variable universal life insurance.

The equity index-linked option(s) provide upside potential for cash value accumulation – up to certain Growth Cap Rates. And, downside protection is offered by a floor. Depending on the indexed universal life policy you select, this floor may eliminate the impact of decreases in the value of the indices.

Premium payments are flexible. After your initial payment, you can make additional payments at virtually any time and in any amount (subject to certain minimums and maximums).
Your policy continues as long as there is enough cash value to cover monthly insurance charges.
You can allocate premiums in index-linked option(s), as well as a guaranteed interest account. Generally, indexed options are linked to widely-known indices, such as the S&P 500^® or the Russell 2000^®.* Usually, durations are one-year, but can be longer.
Indexed options may provide long-term growth potential, tax-deferred earnings, and there may be the opportunity to make tax-free transfers among indexed options when the policy offers more than one indexed option.

Advantages of Indexed Universal Life Insurance

Growth Potential with Downside Protection – Interest on amounts allocated to the indexed options will be credited based on the performance of the underlying indices of the options selected, subject to a cap and a participation rate. However, if performance of these indices is poor, your life insurance cash value is safe as indexed options will be credited with at least 0%.
Flexibility for Your Budget - You can determine the amount and timing of premium payments, within certain limits.
Flexibility for Changing Needs -You can increase or decrease the Face Amount. And, many indexed universal life policies offer a host of riders.
Diversification - In some cases, you may choose to allocate money at segment maturity to other index-linked options or the GIA.

Disadvantages of Indexed Universal Life Insurance

Flexibility to skip premiums can lead to policy funding problems.
Your investment options are more limited than those offered by a variable universal life insurance policy and, depending on your policy; you cannot move money from one indexed option segment to another until segment maturity.
Poor indexed option performance can lead to increased premiums – or cause the policy lapse.
There are fewer guarantees than whole life insurance.

[1] Indexed universal life insurance as used here refers to policies that have not been registered with U.S Securities and Exchange Commission.

[2] Increases may require evidence of insurability and decreases may result in the imposition of pro rata surrender charges. Often there are death benefit and rider options to choose from as well.

*S&P^®, Standard & Poor’s^®, S&P 500^® and Standard & Poor’s 500^tm are trademarks of Standard & Poor’s and have been licensed for use by AXA Equitable. Athena Indexed Universal Life^sm is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s does not make any representation regarding the advisability of investing in the product.

The Russell 2000^® index is a trademark of Russell Investments and has been licensed for use by AXA Equitable. Athena Indexed Universal Life^sm is not sponsored, endorsed, sold or promoted by Russell Investments and Russell Investments makes no representation regarding the advisability of investing in the product.

Life insurance is issued by AXA Equitable Life Insurance Company (AXA Equitable) New York, NY. Fixed universal life insurance is distributed by AXA Network, LLC and its subsidiaries and AXA Distributors. Variable universal life insurance is co-distributed by AXA Advisors, LLC and AXA Distributors, LLC, members FINRA, SIPC.

AXA Equitable, AXA Distributors and AXA Advisors are affiliated companies and do not provide legal or tax advice. All guarantees are based on the claims-paying ability of AXA Equitable. The guarantees do not apply to investment portfolios.

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Life Insurance Products: Are Not a Deposit of Any Bank – Are Not FDIC Insured – Are Note Insured by Any Federal Government Agency – Are Not Guaranteed by Any Bank of Savings Association – Variable Life Insurance May Go Down In Value