Topics

Loans

• How can I confirm my policy's current cash value?
  Online through AXA-Equitable.com. Login or Register The Portfolio Summary screen will list your policy's Net Cash Surrender Value and the date this value was calculated. Net Cash Surrender Value reflects deductions from your policy's cash value for any loan and loan interest and any surrender charges, if they apply, but does not reflect any payments made under a Living Benefits Rider. Please note that values given may not reflect transactions, credits or deductions processed during the prior or current business day.

  By calling AXA Equitable VOICEIT, our Toll Free Interactive Telephone at 1-800-777-6510, you can obtain your policy information, perform transactions as well as receive a variety of forms and statements. Assisted Service is readily available if you require assistance during business hours.

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• What is the maximum amount I can borrow?
  You can obtain this information online,through AXA-Equitable.com. Login or Register. Click on "Loan Request" in the "Choose an Option" drop down box. The available loan amount and current interest rate (which is subject to change by AXA Equitable) that would apply to a loan is shown in the" Loan Information" section. Before deciding that a policy loan is the best option, you may want to discuss it with your Financial Advisor and ask for an illustration of how a loan may impact your policy's values. If you choose to process a loan request, you will also want to carefully review the Terms and Conditions available in AXA-Equitable.com.

  AXA Equitable VOICEIT Interactive Telephone offers you the convenience of requesting Loans on your policy 24 hours a day/7 days a week. You can reach AXA Equitable VOICEIT, Toll Free at 1-800-777-6510. Assisted Service is readily available if you require assistance during business hours.

  The amount that you can borrow, as well as the current interest rate (which is subject to change by AXA Equitable) that will be charged on the outstanding loan amount, will be voiced.

  Please note that values given may not reflect transactions, credits or deductions processed during the prior or current business day. You can request a cash loan, if you are the Owner of the policy, by requesting a "Loan Request".

  If your policy is a Modified Endowment Contract (MEC), a policy loan will be taxable to the extent of gain in the policy, and a 10% penalty tax may also apply to the taxable portion of the distribution.

  Please note that any unpaid policy loan balance and interest will reduce your policy's death benefit and cash value. Interest will be billed annually, on your policy's anniversary. If you do not pay the amount due, it will be added to the amount of the loan and next year's interest will be based on this new loan amount. You may make policy loan repayments at any time.

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• How do I request a loan check?
  You can request a loan:

  • Online through AXA-Equitable.com. Login or Register Click on "Loan Request" from the "Choose an Option" drop down box.
  • AXA Equitable VOICEIT Interactive Telephone offers you the convenience of requesting loans on your policy 24 hours a day/7 days a week. You can reach AXA Equitaable VOICEIT Toll Free at 1-800-777-6510. Assisted Service is readily available if you require assistance during business hours.

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• Do I have to repay the loan?
  You can repay all or part of your loan at any time. Please note that unpaid policy loan balance and interest will reduce your policy's death benefit and cash value.

  Interest will be billed annually, on your policy's anniversary. If you do not pay the amount due, it will be added to the amount of the loan and next year's interest will be based on this new loan amount.

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• What is the effect of a loan on a policy that is a MEC (Modified Endowment Contract)?
  If your policy is a MEC (Modified Endowment Contract) the tax treatment of any death benefit provided under the contract will still qualify for income tax free treatment. However, you may be subject to additional taxes and penalties on any distributions from your policy during the lifetime of the insured. Any distribution from a policy that is a MEC will be taxed on an "income-first" basis. Distributions for this purpose include a loan (including any increase in the loan amount to pay interest on an existing loan or an assignment or a pledge to secure a loan) or withdrawal. Any such distributions will be considered taxable income to you to the extent there is gain in the policy at the time of distribution. That is, the distribution will be includible in income up to the amount your account value exceeds your basis in the policy.

  A 10% penalty tax also will apply to the taxable portion of most pre-age 59 1/2 distributions from a policy that is a Modified Endowment Contract.

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