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.