Variable Universal Life Insurance combines insurance protection with investment opportunity. It has the same premium flexibility as Universal Life, but offers a range of investment choices.

• Premium payments are flexible. After initial payment, you make additional premium payments at virtually any time and in any amount (subject to certain minimums and maximums).
• Your policy continues as long as there is enough cash value to cover monthly insurance charges.
• You can invest premiums in one or more underlying portfolios offering different levels of risk and growth potential.
• Investment portfolios provide long-term growth potential, tax-deferred earnings, and the ability to make tax-free transfers among the investment portfolios.
• In addition to the variable investment portfolios, many insurance companies also offer a fixed interest account providing a minimum guaranteed rate for a specific period of time.

You can choose one of two death benefit options:

• Level benefit equal to the policy’s original face amount, OR
• Variable benefit equal to the original face amount plus any existing policy account value.
  
  

Advantages of Variable Universal Life Insurance

• Potentially low initial premium, compared to Whole Life.
• Offers the greatest growth potential of any type of life insurance, since you have the opportunity to invest in a variety of different portfolios.
• You can determine the amount and timing of premium payments, within certain limits.
• You can increase or decrease the face amount.
• Choice of investment options means more control, but also more investment risk than Whole Life or Universal Life.
• Prospective buyers must receive a free prospectus that details all investment objectives, policy charges, risks, fees, and other expenses. Buyers must read it carefully before they invest or send money. Subsequent annual statements actual expenses and investment performance.

Disadvantages of Variable Universal Life Insurance

• Flexibility to skip premiums and potential for negative returns can lead to policy funding problems.
• Poor investment performance can lead to increased premiums – or policy lapse.

For variable life and variable universal life policies, investment management fees are assessed on each investment option. They are deducted on a daily basis and vary from option to option.

Variable life and variable universal life insurance policies are offered by prospectus, which you can obtain from your financial professional or the insurance company. The prospectus contains detailed information about investment objectives, risks, charges and expenses. You should read the prospectus and consider this information carefully before purchasing a variable life or variable universal life insurance policy.

Variable life and variable universal life insurance policies generally combine a death benefit with an investment account that can be allocated among one or more investment options. Variable life and variable universal life policies vary considerably. Most include charges for cost of insurance, mortality and expense risks, sales loads and administrative fees that operate to reduce the cash value of the policy.

Life insurance is issued by AXA Equitable Life Insurance Company (AXA Equitable) and by various unaffiliated carriers through AXA Network, LLC and its subsidiaries. Co-distributed by AXA Distributors, LLC and AXA Advisors, LLC, members FINRA, SIPC. AXA Equitable, AXA Network, AXA Distributors and AXA Advisors are affiliated companies. All guarantees are based on the claims-paying ability of AXA Equitable. The guarantees do not apply to the investment portfolios.

AXA Financial, Inc. and its subsidiaries do not provide tax or legal advice. This material is provided for informational purposes only. Please consult your tax and/or legal advisors regarding your particular circumstances.

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