AXA Equitable Announces Annual Re-Sets to Accumulator Series of Variable Annuities

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 Announces Annual Re-Sets to Accumulator Series of Variable Annuities
Source: PR Newswire