AXA Equitable Announces Annual Re-Sets to Accumulator(R) Series of Variable Annuities Customers May Be Able to Access More Money Now and During Retirement



    NEW YORK, Jan. 16 /PRNewswire/ -- AXA Equitable Life Insurance Co.
 announced today that it will allow customers with guaranteed living
 benefits to lock in annual gains in the investment accounts underlying its
 AXA Equitable Accumulator(R) variable annuity series. Barbara Goodstein,
 AXA Equitable's Executive Vice President of Marketing and Product
 Development, said that AXA Equitable will provide a re-set once each year
 instead of once every five years to certain of its Guaranteed Minimum
 Income Benefit (GMIB) and Guaranteed Minimum Death Benefit (GMDB) riders.
     AXA Equitable pioneered living benefits in annuity products in 1996
 with the launch of the GMIB, which is designed to offer guaranteed income
 for life. The Accumulator(R) variable annuity series also allows
 dollar-for-dollar withdrawals of the 6% compounding income benefit base up
 to 6% annually prior to electing the guaranteed income for life option.
     Under AXA Equitable's GMIB for eligible contracts, if the value of the
 underlying investment account increases due to market gains, customers may
 re- set the 6% compounding benefit base up to the current account value,
 from which point compounding continues. This re-set locks in either a
 higher level of guaranteed future income or a higher withdrawal rate under
 the dollar-for- dollar withdrawals described above.
     "Variable annuities with these optional benefits allow consumers to
 take advantage of the equity market's potential increases while protecting
 themselves against adverse market conditions. Investing in equities can
 help consumers potentially build savings that will last throughout a
 retirement that may continue for 30 years or more," said Goodstein. "AXA
 Equitable's Accumulator(R) series of variable annuities offers customers a
 choice of living benefits. The insurance industry alone has the capability
 to offer guaranteed minimum income and death benefits."
     The first re-set may take place on the one-year anniversary of the
 contract. The last re-set may take place on the contract anniversary after
 the contract owner reaches age 75. The waiting period to exercise the GMIB
 after each reset will be the later of the contract's original exercise date
 or 10 years from the last re-set date. The GMIB can not be exercised after
 age 85. Any withdrawals up to the 6% roll-up to age 85 benefit base as of
 the beginning of the contract year will result in a dollar-for-dollar
 reduction in the GMIB and the "greater of" GMDB roll-up benefit bases.
 Withdrawals that cause cumulative withdrawals in a contract year to exceed
 that amount will cause a pro rata reduction in the roll-up benefit bases.
 The annual ratchet benefit to age 85 is always reduced pro rata.
     The annual re-set is available only to customers who elect the GMIB
 together with the "greater of 6% roll-up to age 85 or the annual ratchet to
 age 85" GMDB. It applies to new contracts issued on and after January 16,
 2007, in states where it is approved.
     GMIB, an optional rider, is subject to an additional charge and to
 additional conditions and limitations. Anyone considering the purchase of
 an AXA Equitable Accumulator(R) variable annuity should consult with a
 financial professional and obtain a prospectus containing complete
 information.
     About Variable Annuities
     A deferred variable annuity is a long-term financial product designed
 for retirement purposes. 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. Variable annuity
 contracts are not insured by the FDIC or any other government agency. They
 are not deposits or obligations of any bank and are not bank guaranteed.
 Amounts in an annuity's variable investment portfolios are subject to
 fluctuation in value and market risk, including loss of principal.
 Typically variable annuities have mortality and expense charges, account
 fees, investment management fees and administration fees. In addition,
 annuity policies have exclusions and limitations, early withdrawals may be
 subject to surrender charges and, if taken prior to age 59-1/2, a 10%
 federal income tax penalty may apply. All guarantees discussed herein are
 subject to the claims-paying ability of AXA Equitable Life Insurance
 Company. The guarantees do not apply to the investment portfolios. All
 benefits and features are not available in all states. Please also consider
 the charges, risks, expenses and investment objectives of the
 Accumulator(R) carefully before investing. For a prospectus containing this
 and other information, please contact your investment professional/licensed
 insurance agent. Read it carefully before you invest or send money.
     About AXA Equitable
     AXA Equitable Life Insurance Company, New York, NY, is the principal
 life insurance subsidiary of AXA Financial, Inc., providing life insurance,
 annuities and other needs-based products and services for the financial
 services market, co-distributed by AXA Advisors, LLC, and AXA Distributors,
 LLC, New York, NY 10104. AXA Financial is one of the premier U.S.
 organizations providing financial protection and wealth management, and had
 approximately $643.4 billion in assets under management as of December 31,
 2005. AXA Financial is a member of the global AXA Group, which had $1.3
 trillion in assets under management as of December 31, 2005. All guarantees
 are based on the claims-paying ability of AXA Equitable Life Insurance
 Company (AXA Equitable).
     GE-38427 (1/07)
 
 

SOURCE AXA Equitable

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