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How Does Axa Equitable Annuity Work

The company has a long history having first opened for business around 160 years ago. Similar products were offered through.

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Other companies are preparing to make buy-out offers on variable annuity guaranteed benefits.

How does axa equitable annuity work. 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. 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. Variable and indexed annuities contain underlying investments usually stocks bonds mutual funds or low-cost index funds.

Surrender of the policy with charges. Or surrender of the policy without any penalties. Crediting rates or annuity payout rates are backed by the claims-paying ability of AXA Equitable.

Heres a simplified example to show the importance of having reliable valuation information. These include an annual administrative charge of either 30 or 2 of the account value whichever is less. As a financial professional I work with individuals families and small businesses to help them reach their retirement insurance and investment goals.

AXA Equitable was one of the pioneers of the Guaranteed Minimum Benefits death or income or Earning Enhancement benefits. The transaction is seamless. In 2010 AXA Equitable released the first product of a category that is now commonly referred to as a Registered Index-Linked Annuity.

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. Investment advisory products and services offered through Equitable. 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.

Variable annuity contracts offer tax-deferred growth potential and optional features such as living and death benefits. There will also be an annual contract fee of 130. 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.

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. 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. 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.

First AXA Equitable allows the policyholder to move money from silo A to silo B whenever you or your client want and see fit. 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. 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.

Cancellation of the contract during the free-look period. During their heyday the Accumulator was one of the top products available to consumers. This collection of investment vehicles makes up the annuitys underlying portfolio and it has the potential to increase the value of your contract.

The AXA Equitable Variable Annuity with the GMIB rider offers you possible lock in a roll-up rate increases if interest rates rise. These two dates will help you establish one of three surrender options. Guarantees are based on the claims-paying ability of the issuing company.

The way it works is similar to a fixed indexed annuity by mirroring a specific index like the SP 500. Instead of investing in mutual funds like most of variable annuities this annuity does not invest directly in anything. 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.

How AXA Describes The Retirement Cornerstone Variable 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. Hartford Transamerica American Scandia Prudential Jackson National John Hancock.

The government pays insurers a fixed amount of interest on gilts and that will therefore affect annuity rates. 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. Why is AXA Equitable making this offer.

Through Equitable Advisors and its affiliates I can offer a broad range of financial products and services. Gilts government bonds are bought and used by insurers as one of the ways they fund annuities. AXA Equitables customers have 90 days to make a decision.

For instance the Series B Variable Deferred Annuity that is in the AXA Accumulator series is subject to a plethora of fees. 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.

Securities offered through Equitable Advisors LLC NYNY 212-314-4600 member FINRASIPCEquitable Financial Advisors in MI TN. You select the subaccounts to which you want your money allocated. 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.

Securities offered through Equitable Advisors LLC NYNY 212-314-4600 member FINRASIPC Equitable Financial Advisors in MI TN. The representative I dealt with could barely speak English and was not helpful and this was after dealing with a robot for 10 minutes. 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.

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. Lower interest rates mean lower annuity rates although this isnt the only financial factor that affects rates.

Axa Equitable Variable Annuity Retirement Cornertone Review Annuityedu

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