Universal Life Insurance Policy

Universal Life Insurance Policy - AXA Equitable

A Universal Life Insurance Policy May be a Key Part of Implementing Your Financial Strategy

A universal life insurance policy may be a significant help to you as you implement a strategy to meet your financial goals. Universal life insurance is a kind of permanent life insurance, offering both lifetime protection and the possibility of a cash value that builds over time. A universal life insurance policy provides greater flexibility than other insurance policies and may give you the option to increase or decrease the Face Amount of your policy. A universal life insurance policy also may allow you the option to vary the death benefit amount based on your circumstances. Premiums are potentially lower than other policies like Whole Life Insurance, but a universal policy offers fewer guarantees than Whole Life.¹

When you’re ready to purchase a universal life insurance policy – or if you want to know more about life insurance benefits and the different kinds of life insurance policies available to you – come to AXA Equitable, a premier provider of life insurance policies since 1859.

Learn more about a universal life insurance policy from AXA Equitable.

Help Protect Your Family’s Future With A Universal Life Insurance Policy From AXA Equitable.

AXA Equitable is one of the nation’s leading providers of financial protection products and annuity products. At AXA Equitable you’ll find a wide variety of life insurance policies, including Athena Universal Life^SM (Athena UL), a flexible premium universal policy with two death benefit options, and the potential for cash value accumulation if the policy is funded appropriately. You can access the cash value through loans and withdrawals, which may be tax free as long as the policy stays in force until the Insured's death and is not a modified endownment contract.² Athena Universal Life also offers optional riders which an be used to meet your specific needs, including a No Lapse Guaranttee Rider(NLG). The NLG rider guarantees that the policy will not be terminated before a certain date if certain requirements are met at no additional cost.

Please see the product brochure for more details

AXA Equitable Offers Helpful Information On Universal Life And Other Life Insurance Policy Options.

Our web site offers a rich and extensive collection of helpful articles about universal life insurance policy options and other life insurance products. You’ll find answers to questions such as:

Why do I need life insurance?
Do I need life insurance if I’m single?
Is it less expensive to buy life insurance while I’m young?
What is the difference between a whole life, term life, variable life and universal life insurance policy?

Learn more now about AXA Equitable and how a universal life insurance policy may play a part in your life insurance plan.

¹Universal Life Insurance is permanent insurance that provides protection in case of death, as well as a potential savings or cash value component. The cash value of a universal life policy is based on the amount of premiums you pay, the declared interest crediting rate, and the policy charges deducted by the insurance company. Unlike Term or Whole Life insurance, universal life policies permit substantial flexibility in the amount and timing of premium payments (within limits), and they generally (subject to certain requirements) offer you the ability to vary the death benefit amount based on your circumstances.

²Under current federal tax rules, you generally may take income-tax-free partial withdrawals under a life insurance policy that is not a Modified Endowment Contract (MEC), up to your basis in the contract. Additional amounts are includible in income. The IRS places a limit on how much money can go into life insurance premiums for the policy and how quickly such premiums can be paid in order for the policy to retain all of its tax benefits. If certain limits are exceeded, an MEC results. MEC policyholders may be subject to taxes on distributions on an income-first basis, that is, to the extent there is gain in the policy and penalties on any taxable amount if they are not 59½ or older. Loans taken will be free of current income tax as long as the policy remains in effect until the insured’s death, does not lapse, and is not an MEC.

Please note that outstanding loans accrue interest. Income-tax-free treatment also assumes the loan will eventually be satisfied from income-tax-free death benefit proceeds. Loans and withdrawals reduce the policy’s cash value and death benefit and increase the chance that the policy may lapse. If the policy lapses, is surrendered or becomes an MEC, the loan balance at such time would generally be viewed as distributed and taxable under the general rules for distribution of policy cash values. In addition, withdrawals, policy loans and any accrued loan interest may cause your policy to lapse even if you are in a period of coverage under the No Lapse Gurantee Rider. Speak to your financial professional before taking any withdrawals or policy loans.

This article highlights only some of the features of universal life insurance and the AXA Equitable Athena Universal Life^sm insurance policy. For more complete details please read the Athena Universal Life^sm product brochure and contact your financial professional.

Please be advised that this is based on our general understanding of federal income tax rules for U.S. individuals and is not intended as legal or tax advice. Accordingly, any tax information provided in this content is not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer. The tax information was written to support the promotion or marketing of the transaction(s) or matter(s) addressed and you should seek advice based on your particular circumstances from an independent tax advisor.

Athena Universal Life^SM is issued by AXA Equitable Life Insurance Company (AXA Equitable), New York, NY, and co-distributed by AXA Network, LLC and its subsidiaries and AXA Distributors, LLC, New York, NY 10104. AXA Equitable, AXA Network and AXA Distributors are affiliated companies and do not provide tax or legal advice.

Policy form #11-100 or state variations

Life Insurance: · Is Not a Deposit of Any Bank · Is Not FDIC Insured · Is Not Insured by Any Federal Government Agency · Is Not Guaranteed by Any Bank of Savings Association · May Go Down in Value.

GE 60393 (6/11)