AXA Equitable Redesigns Flagship Accumulator Variable Annuity

AXA Equitable Life Insurance Company premiered a redesign of its Accumulator(R) variable annuity series. The product series, first introduced in 1995, now includes a groundbreaking living benefit that can seamlessly transition from a Guaranteed Minimum Income Benefit (GMIB) to a Guaranteed Withdrawal Benefit for Life (GWBL). For the first time in the industry, variable annuity contract holders have the ability, at age 85, to convert a GMIB to a GWBL. The patent-pending enhancement offers clients a method for staying invested in equity-based investment options, while at the same time accessing a predictable stream of retirement income.

AXA Equitable Redesigns Flagship Accumulator Variable Annuity
Source: PR Newswire