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Investment Information

• How can I obtain investment information?
  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 most of our variable life and annuity contracts. Choose the Performance Information option from the dropdown box on the right side of the Portfolio Summary page.

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• How is the value of the investment options determined?
  Amounts that you allocate under your variable life policy to any of the investment options are invested in a corresponding "Portfolio" that is part of EQ Advisors Trust. The value of your variable investment option is measured in "units".

  Each unit has a "unit value". While the unit value relates to the net asset value of the shares of the corresponding portfolio, there is not a one-to-one correlation in the dollar amount. For example, if at the time of the portfolio's inception the net asset value of the portfolio was $10.00 per share, the unit value of the corresponding investment option may actually have been $100.00 per unit. If the portfolio's net asset value grew to $11.00 per share the next day, the unit value of the corresponding variable investment option would have increased proportionately, but not by the exact same dollar amount.

  The value of each unit will increase or decrease each day and reflect all reinvested dividends and distributions from the corresponding Portfolio. The daily unit value calculation will also take into account the deduction of any mortality and expense risk charges that apply under your contract/policy.

  The number of your units in any variable investment option does not change, unless there is an event or transaction under your contract/policy that involves moving assets into or out of that option. Whenever any amount is withdrawn or deducted from one of your contract/policy's variable investment options, we "redeem" the number of units that has a value equal to that amount, on the effective date of the redemption. This happens, for example, when all or a portion of monthly deductions and transaction-based charges are allocated to that option, or when loans, transfers, withdrawals and surrenders are made from that option.

  Your investment results in a variable investment option will depend on those of the related Portfolio. Any gains will generally be tax deferred and the life insurance benefits we pay upon the death of the Insured will generally be federal income tax free.

  Daily Unit Values are available online, for most variable life and annuity contracts, through AXA-Equitable.com. Login or Register

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• What is the current Guaranteed Interest Account?
  The GIA rate is the rate credited to monies that are invested in the guaranteed investment option on your variable life insurance contract. It is determined periodically by AXA Equitable. The current interest rate that is credited can never be lower than the minimum specified in your policy. This rate is not guaranteed or is guaranteed only for a limited duration; see your policy for specifics.

  Your Guaranteed Interest Account (GIA) rate can be found in the annual report that is sent to you at your policy anniversary. Refer to the "Table of Interest Rates" in your annual report, which will provide interest rates for the current and past year.

  Note that transfers out of the GIA are subject to certain restrictions. One GIA transfer request is permitted in each policy year within a period beginning 30 days prior to your policy anniversary and ending 60 days after the anniversary. A transfer request received before the anniversary will be effective on the policy anniversary. Transfers are limited to the greatest of $500, 25% of your then current balance in the GIA, or the amount transferred from the GIA in the immediately preceding policy year. Twelve transfers per policy year are currently permitted free of charge; over twelve, a $25 fee may apply, depending on your policy. There may be product variations, please check your policy prospectus for complete details.

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• Are there any transfer restrictions on the Guaranteed Interest Account?
  Transfers out of the Guaranteed Investment Account (GIA) are subject to certain restrictions. One GIA transfer request is permitted in each policy year within a period beginning 30 days prior to your policy anniversary and ending 60 days after the anniversary. A transfer request received before the anniversary will be effective on the policy anniversary. Transfers recieved after the policy anniversary (within the 60 day period) are effective on the date received at our Administrative Office. Transfers are limited to the greatest of $500, 25% of your then current balance in the GIA, or the amount transferred from the GIA in the immediately preceding policy year.

  Until March 31st, 2009, we are relaxing our policy rules so that, you may transfer any amount of unloaned policy account value out of the guaranteed interest option to any other investment option whether or not you are within the GIA Transfer Period. Your written transfer request must be received in our Administrative Office by March 31st, 2009 in order to take advantage of this unrestricted transfer opportunity.

  Twelve transfers per policy year from all investment options (not just GIA) are currently permitted free of charge; over twelve, a $25 fee may apply, depending on your policy. There may be product variations, please check your policy prospectus for complete details.

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