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How Does Axa Equitable Annuity Work

Through Equitable Advisors and its affiliates I can offer a broad range of financial products and services. AXA Equitable was one of the pioneers of the Guaranteed Minimum Benefits death or income or Earning Enhancement benefits.

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Why is AXA Equitable making this offer.

How does axa equitable annuity work. These two dates will help you establish one of three surrender options. Securities offered through Equitable Advisors LLC NYNY 212-314-4600 member FINRASIPC Equitable Financial Advisors in MI TN. Similar products were offered through.

So if your A silo has done well. Equitable believes that education is a key step toward addressing your financial goals and weve designed this material to serve simply as an informational. My comprehensive approach to working with my clients allows me to guide them through the various stages of their financial life from asset accumulation to income protection to estate planning.

Crediting rates or annuity payout rates are backed by the claims-paying ability of AXA Equitable. For instance the Series B Variable Deferred Annuity that is in the AXA Accumulator series is subject to a plethora of fees. Securities offered through Equitable Advisors LLC NYNY 212-314-4600 member FINRASIPCEquitable Financial Advisors in MI TN.

AXA Equitables customers have 90 days to make a decision. Or surrender of the policy without any penalties. The AXA Equitable Variable Annuity with the GMIB rider offers you possible lock in a roll-up rate increases if interest rates rise.

Gilts government bonds are bought and used by insurers as one of the ways they fund annuities. After the lock-in period the rate becomes a flexible rate tied to the recent average 10-Year Treasury rates plus 200 and is recalculated each contract year. There will also be an annual contract fee of 130.

How AXA Describes The Retirement Cornerstone Variable Annuity. Annuity and insurance products offered through Equitable Network LLC which conducts business in CA as Equitable Network Insurance Agency of California LLC in UT as Equitable Network Insurance Agency of Utah LLC and in PR as Equitable Network of Puerto Rico. The combination of fixed investment yields and derivatives is the underpinning of every type of index-linked annuity product beginning with FIAs but not ending there.

First AXA Equitable allows the policyholder to move money from silo A to silo B whenever you or your client want and see fit. These include an annual administrative charge of either 30 or 2 of the account value whichever is less. During their heyday the Accumulator was one of the top products available to consumers.

Variable and indexed annuities contain underlying investments usually stocks bonds mutual funds or low-cost index funds. Cancellation of the contract during the free-look period. Look at your AXA annuity policy and determine the inception date of the contract as well as the day you received the contract from either AXA or your agent.

The company has a long history having first opened for business around 160 years ago. Withdrawals from an annuity contract are taxable as ordinary income and if made prior to age 59½ may be subject to an additional 10 federal tax. This collection of investment vehicles makes up the annuitys underlying portfolio and it has the potential to increase the value of your contract.

Guarantees are based on the claims-paying ability of the issuing company. Based on details from AXAs website and the Retirement Cornerstone prospectus this AXA annuity is described as a vehicle that can offer the ability to not only accumulate but also to protect retirement income. Hartford Transamerica American Scandia Prudential Jackson National John Hancock.

Investment advisory products and services offered through Equitable. In essence an annuity is a contractual agreement in which payment s are made to an insurance company which agrees to pay out an income or a lump sum amount at a later date. Equitable Annuities formerly known as AXA Equitable Life is a large financial services company that offers variable annuities life insurance policies individual retirement accounts IRAs brokerage accounts and advisory accounts.

Surrender of the policy with charges. Variable annuity contracts offer tax-deferred growth potential and optional features such as living and death benefits. The representative I dealt with could barely speak English and was not helpful and this was after dealing with a robot for 10 minutes.

The way it works is similar to a fixed indexed annuity by mirroring a specific index like the SP 500. They are not backed by the brokerdealer from which this annuity is purchased by the insurance agency from which this annuity is purchased or any affiliates of those entities and none makes any representations or guarantees regarding. As a financial professional I work with individuals families and small businesses to help them reach their retirement insurance and investment goals.

The government pays insurers a fixed amount of interest on gilts and that will therefore affect annuity rates. A variable annuity is a contract between you and an annuity provider usually an insurance company in which you purchase the ability to receive a stream of income for your life or a set period. Axa Equitable sends your information offshore In a world where identity theft is rampant having a financial company that ships your personal information to India is just dangerous.

You select the subaccounts to which you want your money allocated. In 2010 AXA Equitable released the first product of a category that is now commonly referred to as a Registered Index-Linked Annuity. We believe this offer can be mutually beneficial to both us and contract owners who no longer want or anticipate needing the GMDB and EEB if applicable.

Lower interest rates mean lower annuity rates although this isnt the only financial factor that affects rates. When you purchase a variable annuity the money you pay is allocated to an investment portfolioYou will have several options for investing the funds in your portfolio. My job is to assist you in mapping out your financial goals and to select the appropriate products to help you work toward your objectives.

Instead of investing in mutual funds like most of variable annuities this annuity does not invest directly in anything. The transaction is seamless. If you accept this offer you would benefit because you would receive an increase in your contracts account value and your GMDB and EEB charges would cease.

Other companies are preparing to make buy-out offers on variable annuity guaranteed benefits. Heres a simplified example to show the importance of having reliable valuation information.

Equitable Structured Capital Strategies Plus Variable Annuity Review Annuityedu

Axa Equitable Variable Annuity Retirement Cornertone Review Annuityedu