October 12, 2011, Annuities, Company/Trade Group News, News
AXA updates Accumulator VA
The Accumulator Series, introduced in 1995, now has a higher deferral bonus roll-up.
AXA Equitable Life Insurance Co. has updated its flagship Accumulator series of variable annuities. Introduced in 1995, the product series now offers a 5½% compounded deferral bonus “roll-up” rate on the benefit base to age 85 or until the first withdrawal, whichever is first.
When withdrawals of lifetime income begin, the benefit base continues to compound at 5%, which the client can either take immediately or leave in the contract to further increase the lifetime income going forward.
We look forward to sharing this valuable article with you! Subscribers may Log In below.
- Not a member? Register now to become a subscriber to Retirement Income Journal. Register Now
- Or, start your 30-day FREE TRIAL: See offer for FREE TRIAL
- purchase this single article for personal use only for a fee of $15.00.
For group discounts, licensing, and reprints, contact kerry.pechter@retirementincomejournal.com.
Forget your subscriber password? It's easy to reset here: Reset your password.
