Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Life Insurance

AXA Equitable Adds Term Life Line

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

A life insurer is trying to make it easier for customers to shift to permanent coverage.

AXA Equitable Life Insurance Company, New York, a unit of AXA S.A., Paris, has unveiled the Term Series, a family of 5 new and refurbished term life insurance policies.

In addition to a redesigned annual renewable term product and redesigned 10-, 20- and 30-year level-term products, the family includes a new 15-year level-term policy, according to AXA Equitable.

The periods during which policyholders can convert to permanent life insurance policyholders range from 8 years for holders of the 10-year policies to 20 years for holders of the 30-year policies.

As long as there are no changes in the policy, term policyholders can convert to permanent coverage without undergoing medical examinations or blood tests, AXA Equitable says.

AXA Equitable also has introduced a new Class B underwriting classification. The new class will provide more affordable coverage for consumers with minor health issues, the company says.

Consumers in good health can qualify for Preferred, Preferred Plus or Preferred Elite rates.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.