Media Contacts:

New York

Ana Sandoval
AXA Financial, Inc.
212-314-4964
ana.sandoval@axa-financial.com

AXA Equitable Unveils The Accumulator Life Program
An Unique Program That Includes A Variable Universal Life Policy And A Single Premium Immediate Annuity Contract

NEW YORK, N.Y- AXA Equitable Life Insurance Company, an insurance subsidiary of AXA Financial, today announced the launch of a program that includes a life insurance policy and annuity contract -- an innovative offering in the industry -- that is designed to provide immediate life insurance protection and to fund education and/or supplement future retirement income.

The program, called Accumulator Life, offers "packaged convenience" that enables a consumer to purchase a Variable Universal Life (VUL) insurance policy and a Single Premium Immediate Annuity (SPIA) contract with one payment through one application.A one-time investment in an SPIA contract will provide seven annual annuity payouts that are automatically applied to make the annual premium payments into the VUL policy.For more information including a prospectus, contact your financial professional.The prospectus contains additional information regarding fees, expenses, risks, and investment objectives.It must be read carefully before investing.

The announcement was made today by Gary Hirschkron, senior vice president of the company’s Life Market.

Accumulator Life is intended to appeal to healthy individuals 35-60 year-olds who are seeking additional life insurance and flexibility to access cash values in the future.It was designed to offer a heavily funded VUL policy that, through partial withdrawals and policy loans*, may provide the client an opportunity for favorable income tax treatment on distribution. (A small portion of each of the annual SPIA payouts is taxable to the owner.)

Thus, Accumulator Life provides the flexibility to address a variety of individual lifestyle and estate planning needs.Consumers have greater control of assets, while receiving immediate life insurance protection and an opportunity for asset accumulation and favorable tax treatment of distributions*.

Specific product features include:

• Simplified underwriting and administration.Quick issuance and simpler underwriting.Medical, blood or urine samples are not required during the underwriting process.Issue ages are 30-65.

• The VUL policy includes a lifetime No Lapse Guarantee (NLG)* provision if certain conditions are met.When the NLG provision is in effect, the policy will not lapse even if the cash surrender value is not sufficient to pay monthly charges.
• A Guaranteed Minimum Death Benefit (GMDB)* is automatically included with the policy and if certain conditions are met ensures that the death benefit will not be less than the initial face amount.
• Partial withdrawals may begin during the 8^thpolicy year; however, the GMDB provision will terminate once a withdrawal is taken.Loans may be taken at any time.*
• A Loan Extension Provision* protects the insured and beneficiaries from a policy lapse beginning at age 85 - even when outstanding loans and poor market conditions would otherwise cause the policy to lapse.

*Access to cash values through policy loans and withdrawalsreduce the death benefit.

Other key features include over 45 professionally managed investment options in the life policy, from an array of leading investment advisors, a Guaranteed Interest Account*, tax-deferred growth potential, dollar cost averaging, asset rebalancing and automatic transfer service.

"Accumulator Life is a unique program with the strategic goal to offer consumers a simple packaged product that offers the benefits of life insurance and annuitization: protection for their family in case of death as well as the potential to provide an income stream in the future," stated Mr. Hirschkron.

Financial products and services offered by AXA Equitable are distributed through AXA Advisors, LLC, AXA Distributors and MONY financial professionals.AXA Advisors, LLC and MONY are subsidiaries of AXA Financial, Inc. both are leading providers of financial services for consumers and businesses, working with clients to help them define and meet their financial goals.AXA Distributors is a wholly owned subsidiary of AXA Equitable dedicated to the distribution of the company’s innovative line of variable life and annuity products through financial intermediaries such as banks, wirehouses, financial professionals, planners and broker/dealers.

*All guarantees are subject to the claims paying ability of AXA Equitable Life Insurance Company.

AXA Financial is one of the premier U.S. organizations providing financial protection and wealth management through its strong brands: AXA Equitable Life Insurance Company, AXA Advisors, LLC, Alliance Capital Management, L.P., Sanford C. Bernstein & Co., LLC, AXA Distributors, LLC, and the MONY family of companies, including MONY Life Insurance Company, U.S. Financial Life Insurance Company, Advest, Inc., and Lebenthal, a division of Advest, Inc. (Member: NYSE, NASD, SIPC.) AXA Financial had approximately $520.2 billion in assets under management as of June 30, 2004.The MONY family of companies had approximately $64 billion in assets under management and administration as of June 30, 2004. AXA Financial is a member of the global AXA Group.

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