Sales of AXA’s ‘Structured Capital Strategies’ VA reach $1 billion

By Wed, Jun 27, 2012

On the upside, investors in the product participate in positive index returns up to a cap. On the downside, AXA Equitable will absorb the first -10%, -20% or -30% of loss, depending on the selected index and duration.

AXA Equitable Life’s Structured Capital Strategies variable annuity, introduced in October 2010, has surpassed $1 billion in new sales, the insurer said this week.

Structured Capital Strategies offers participation for one, three or five years in these indices:  

  • S&P 500 Price Return Index
  • Russell 2000 Price Return Index
  • MSCI EAFE Price Return Index
  • London Gold Market Fixing Ltd. PM Fix Price/USD (Gold Index)
  • NYMEX West Texas Intermediate Crude Oil Generic Front Month Futures (Oil Index)

On the upside, investors participate in positive index returns up to a cap. On the downside, AXA Equitable will absorb the first -10%, -20% or -30% of loss, depending on the selected index and duration. 

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