This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

AXA Equitable Updates Its Flagship Variable Annuity, Accumulator

NEW YORK, Oct. 10, 2011 /PRNewswire/ -- AXA Equitable Life Insurance Company announced today an update to its flagship, variable annuity, Accumulator®, first introduced in 1995. The product series now offers an enhanced, competitive 5 1/2 percent deferral bonus roll-up rate, which delivers compounded growth on Accumulator's income producing rider's benefit base to age 85. Once withdrawals of lifetime income begin, the benefit base continues to compound at 5 percent, which the client can either take immediately or leave in the contract to further increase the lifetime income going forward.  

One of Accumulator's most compelling features is the optional Guaranteed Minimum Income Benefit (GMIB). The optional GMIB rider, pioneered in the industry by AXA Equitable and available for an additional fee, provides a "floor" of future, predictable lifetime income, regardless of investment performance.

"The 'new normal' environment of unsettling market volatility and prolonged low interest rates has Americans seeking investment growth opportunities with solid guarantees for building predictable retirement income," said Nick Lane, president of the Retirement Savings division of AXA Equitable. "AXA Equitable's Accumulator variable annuity has remained resilient since we first introduced it, delivering a guaranteed retirement income stream, regardless of market conditions."

In addition to protecting retirement income, Accumulator can also play an important role in helping to preserve assets for legacy planning. Today's updated Accumulator features a choice of three different death benefit options that focus on preserving a legacy in up or down markets, locking in investment gains or preserving principal. Two of these choices offer, for an additional fee, the opportunity to grow the benefit base to age 85.

"Over 16 years, Accumulator has helped nearly one million contractholders save for and protect their retirement income," said Steve Mabry, senior vice president, Individual Annuity Product Development. "Today, our enhanced Accumulator is among a full suite of variable annuities designed to address a wide range of client needs and risk mitigation strategies, under various economic conditions."

AXA Equitable's suite of complementary individual variable annuities also includes:

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.19 0.00%
GOOG $695.70 0.00%
FB $118.06 0.00%
TSLA $222.56 0.00%
YHOO $36.00 0.00%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs