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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
May 30, 2007 at 01:23 PM
A large life insurer is offering customers another living benefit rider.
AXA Equitable Life Insurance Company, New York, a unit of AXA S.A., Paris, says it is adding a 6.5% roll-up benefit for contracts with certain guaranteed minimum income benefit and guaranteed minimum death benefit riders.
The new roll-up is in addition to the company’s existing 6% roll-up benefit
The addition means that contract holders can withdraw up to 6.5% or 6% of the GMIB benefit base from the money in an annuity’s underlying investment account and still keep the benefit base level, even if the account does not perform well, AXA Equitable says.
AXA Equitable also is offering the GMIB with the annual re-set feature as a stand-alone benefit that is separate from the contract’s guaranteed minimum death benefit option.
AXA Equitable is responsible for backing the product guarantees.
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