AXA Equitable Life Insurance Company has added several enhancements to its Athena Universal Life policy.
The new additions include a change to the policy’s charge structure, allowing clients to pay a lower annual premium.
The company has also removed the minimum premium and reduced the minimum policy face amount required to access the policy’s Cash Value Plus Rider. The rider was previously available only on policies carrying a face amount of $1 million or greater. Policyholders can now select it on coverage of $250,000 per life for one or two lives insured or $100,000 per life for three or more lives insured.
The Athena policy continues to offer cash accumulation potential and long-term no-lapse guarantees.
“Athena remains one of the most innovative and compelling offerings,” says David O’Leary, executive vice president and head of financial protection at AXA Equitable. “By marrying the latest updates to the bedrock of the hybrid design, we continue to provide clients with the right product strategy that addresses their evolving life insurance needs.”
For more information on Athena Universal Life, visit www.axa-equitable.com/life-insurance/universal/athena-ul.jsp.