Athena Universal Life^SM

1 The NLG Rider is not included with policies that elect the Return of Premium Death Benefit Rider. In Illinois, the NLG Rider is called the "Death Benefit Protection Rider."

2 Under 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.

3 All of the riders are subject to the terms and conditions of the rider. Not all riders may be available in all jurisdictions. Some states may vary the terms and conditions. There may be an additional charge associated with obtaining certain riders. Some riders may not be available in combination with other riders and/or policy features.

The material is not a complete description of all the material provisions of the Athena Universal Life^SM policy. Please refer to the product brochure and the actual policy for more complete information.

All guarantees are based on the claims-paying ability of AXA Equitable Life Insurance Company.

Please be advised that this content 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 UL^SM is a flexible premium universal life insurance policy. These policies have limitations. Certain types of policies, features and benefits may not be available in all jurisdictions or may be different. For costs and complete details of coverage, contact your financial professional.

Athena Universal Life^SM and Athena UL^SM are service marks of AXA Equitable Life Insurance Company, New York, NY 10104.

Athena UL^SM is issued by AXA Equitable Life Insurance Company (AXA Equitable), New York, NY.

Policy form #09 – 400

1290 Avenue of the Americas, New York, NY 10104, (212) 554-1234

GE-48619 (3/09)