Windows 7 Ultimate Key Annuity and Retirement Plan

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Build Long-Term Wealth
Guarantee your Potential Income Today
Protect your family Along the Way
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The Accumulator® Series
A suite of variable deferred annuities – long-term retirement products that, in the most basic terms, are contracts between you and an insurance company to accumulate funds and then to provide lifetime payments.
There are fees and charges associated with annuities, which include, but are not limited to, mortality and expense risk charges, sales and surrender charges, administrative fees, and additional charges for optional benefits.
Guarantees described here are based on the claims-paying ability of AXA Equitable Life Insurance Company.
Accumulator® Series products offer:
Lifetime payout options to help ensure you will not outlive your retirement
Investment options that fit a personal investing style and tolerance for risk and allow the pursuit of long-term growth.
Death benefit protection that guarantees your beneficiaries will receive a payment at least equal to the total contributions made to your contract and enhanced death benefits that lock in market gains: all adjusted for withdrawals (enhanced death benefits are available as an option feature, at an additional fee)
Cash flow protection that provides a minimum level of guaranteed lifetime cash flow should the market decline (available as an optional feature,Cheap Office 2007, at an additional fee)
Access to your money when you need it most1 5% Guaranteed Minimum Income Benefit (GMIB)
 
Available at contract issue or later (subject to restrictions)

This optional benefit offers a guaranteed minimum level of lifetime payments.
There is an option of choosing:
GMIB I, which allows you to choose from 5 AXA Strategic Asset Allocation Portfolios, or
GMIB II, which provides the option of Custom Selection, an investment strategy that allows investing across four asset categories. (See Investment Options below.)
The assure can grow in all markets because it is based on two guaranteed values called Benefit Bases. These Benefit Bases (the 5% Roll-Up to Age 80 Benefit Base or Annual Ratchet to Age 80 Benefit Base) are used to calculate guaranteed lifetime payments, have no monetary value and are different from the account value.
When the GMIB is elected, the Benefit Base will increase 5% each year.2 If the GMIB is elected when the contract is purchased, the Benefit Base will equal your initial contribution(s). Currently, contributions are only permitted in the first contract year. AXA Equitable, upon advance notice to you, may at any time exercise its rights to discontinue acceptance of contributions, as well as change minimum and maximum contribution requirements and limitations. Additional rules and restrictions may apply to qualified plan markets. Please see the prospectus for details.
The GMIB gives you a guaranteed “floor” for long term lifetime income no matter how your Accumulator® investment portfolios perform – and assures that the long term earnings will continue for as prolonged as you live. The GMIB may be exercised within 30 days following the contract date anniversary after a designated waiting period depending on the benefit effective date.
The GMIB guarantees growth of the GMIB 5% Rollup Benefit Base each year to age 80 (assuming that you do not take withdrawals). The 5% Roll-Up Benefit Base of the GMIB can be reset annually to equal the Account Value on each contract anniversary.3,4 Eligibility for resets end on the contract anniversary following age 80.
At age 80, you have options regarding the GMIB:
Elect that your GMIB be converted to the Guaranteed Withdrawal Benefit for Life (GWBL) option
Exercise the GMIB so it converts the current value of the contract into a series of lifetime payments
Request that the GMIB be dropped (with no conversion to the GWBL)
If you do nothing, your GMIB will automatically be converted to the GWBL. For more information on the conversion of the GMIB to the GWBL, see the full prospectus above or talk to your financial professional.
GMIB I is available for an additional charge of 0.90% of the applicable Benefit Base, annually deducted from the account value on each contract anniversary. GMIB II is available for an additional charge of 1.10% of the applicable Benefit Base.
For more information about GMIB I and II, including restrictions on adding and dropping the benefit after issue, please download the prospectus above.
Investment Options5 Option A: Asset Allocation
Available with GMIB I
Allocate 100% of your account value in any or all of the following:
AXA Strategic Allocation Series Portfolios (a wide range of single- and multi-manager equity-based portfolios)
Guaranteed Interest Option (not available in Washington State)
EQ/Money Market6
Special Dollar Cost Averaging (DCA) or
Special Money Market DCA
With Asset Allocation, choose the convenience and ease of being able to create a diversified portfolio with just one choice. Accumulator® offers five asset allocation portfolios:
AXA Balanced Strategy
AXA Conservative Growth Strategy
AXA Conservative Strategy
AXA Growth Strategy
AXA Moderate Growth Strategy Option B: Custom Selection
Available with GMIB II
The Custom Selection method allows you to choose from four asset categories within prescribed minimum and maximum levels.
Category 1: Fixed Cash flow offers 5 portfolio options in which you can invest a minimum of 30% to a maximum 100% of the account value
Category 2: Core Diversified Equity offers 25 portfolio options to invest up to 70% of your account value
Category 3: Small/Mid Cap / International offers 15 portfolio options in which you can invest up to 20% of the account value
Category 4: Specialty offers 10 portfolio options in which you can invest up to 10% of the account value
Please Note: The percentage of your account value invested in categories 1 - 4 must equal 100% of your total initial contribution. You may elect to allocate 100% of your initial contribution to Category 1, and there are maximum allocation restrictions for certain portfolios within Categories 1 - 4.
One-Time and Automatic Asset Rebalancing

Option A: Asset Allocation
When you select Asset Allocation, you can opt for a one-time rebalancing if you are interested in reallocating your account value, choosing from the five AXA Strategic Asset Allocation Portfolios.
Option B – Custom Allocation
Custom Select allows you to maintain your desired asset allocation strategies by automatically rebalancing your investments on a quarterly basis.
Household Protection
(Guaranteed Minimum Death Benefit)
The Accumulator® Series also protects your beneficiaries from declining markets. Should you pass away before your contract is annuitized (GMIB exercised), your beneficiaries will receive at least your original contributions, adjusted for any withdrawals. Depending on market performance and the options you choose, they could receive more.
Earnings Enhancement Benefit (EEB) This optional feature can provide an amount in addition to the Guaranteed Minimum Death Benefit (GMDB) to your beneficiaries. The additional charge for this benefit is 0.35% of the annuity account value. Standard Death Benefit Pays beneficiaries the greater of: Final account value (at the date AXA Equitable receives all required information),Microsoft Office Professional Plus 2007, or
100% of your Accumulator® contributions, adjusted for withdrawals
Available for owner issue ages as indicated by guidelines of the contract being purchased. Certain broker/dealers may restrict maximum issue ages.
Annual Ratchet Death Benefit
Available at contract issue only
 
 
Additional protection is available through the optional Annual Ratchet to Owner's Age 80 Death Benefit that guarantees your beneficiaries will receive your initial contribution OR the highest account value on any contract anniversary up to the owner’s age 80, whichever is higher. This death benefit will “ratchet up” to the highest account value on any contract anniversary,Windows 7 Ultimate Key, to age 80. An optional feature available for an additional fee 0.25% of the Annual Ratchet Death Benefit Base. "Greater of" 5% Roll-Up1 or Annual Ratchet
 

"Greater of" 5% Roll-Up or Annual Ratchet Death Benefit is available for issue ages 20-75. This optional feature is available for an additional fee of 0.90% of the Applicable Benefit Base with GMIB I and 1.20% with GMIB II. This benefit may only be elected if you have also elected the GMIB I or GMIB II. The combined fee would be 1.80% with GMIB I and 2.20% with GMIB II.
Please see the GMIB description above for charges on the GMIB feature.
The Roll-Up Benefit Base of both the GMDB and GMIB can be reset annually to equal the Account Value on each contract anniversary.7 Eligibility for resets end on the contract date anniversary following age 80.
For more information about GMIB combined with "Greater of" Death Benefit,Office 2010 Activation, please download the full prospectus above. The “Greater of” Death Benefit is not available in all jurisdictions.
Dollar Cost Averaging (DCA)8
 
Dollar Cost Averaging is designed to help you buy more investment option units when prices are low and fewer when prices are high. This results in a lower average cost per unit. 
Here’s how it works. Every month, a portion of your initial investment allocated to the DCA account will be moved to the variable investment portfolios you select. (Not available with all Accumulator® annuities).
Beneficiary Continuation Option
Available at contract issue only
This optional benefit will allow your beneficiaries to "stretch" their inherited assets directly to their beneficiaries, to the next generation — or even the next two generations. Guaranteed Interest Option (GIO)
  Guaranteed Interest Option (GIO)9 offers an initial guaranteed rate of return and renewal rates that will change monthly.
1 Withdrawals of taxable amounts are subject to ordinary cash flow tax and, if made prior to age 59½, may be subject to an additional 10% federal revenue tax penalty.
2 The annual Roll-Up Benefit Base of the "Greater of" 5% Roll-Up GMDB and GMIB compounds at 2% for assets allocated to the GIO and the EQ/Money Market.
3 The charge for the GMIB may increase up to a maximum of 1.20% (GMIB I) or 1.40% (GMIB II) if a reset is elected.
4 Resetting the Roll-Up Benefit Base may affect when you can exercise the GMIB. The last date to exercise the GMIB will never be later than age 80.
5 Amounts in variable investment options are subject to fluctuation in value and market risk, including loss of principal. You will incur higher costs with asset allocation portfolios than if you were to invest directly in the underlying portfolios.
6 An investment in money market portfolio is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
7 The charge for both the "Greater of" Guaranteed Minimum Death Benefit (maximum charges are .95% for GMIB I and 1.15% for GMIB II) and the GMIB may increase (up to the maximum amount specified in a contract) if an Annual Reset occurs. You have the option to decline the Annual Reset. Eligibility for resets ends on the contract date anniversary following age 80.
8 DCA is a periodic investment program that does not promise profits or shield against losses in a declining market. It involves continuous investing, regardless of fluctuating price levels and, as a result, you should consider your financial ability to continue to invest during periods of low price levels. See the prospectus for details.
9 No more than 25% of your contributions may be allocated to the GIO in any of the Accumulator® variable annuities. The GIO is not available if you elect Option B – Custom Selection. Please refer to the prospectus for details.
Please see the prospectus for more details.
The Accumulator® Series variable annuities are offered by prospectus. Please consider the charges, risks, expenses, and investment objectives carefully before investing. For a prospectus containing this and other information, please click here or contact your financial professional. Read the prospectus carefully before you invest or send money.
This is not a complete description of all material provisions of the variable annuity contract.
This contract has limitations. For costs and complete details of coverage, speak to your financial professional/insurance-licensed registered representative. Certain types of contracts, features and benefits may not be available in all jurisdictions. We offer other variable annuity contracts with different fees, charges and features. Not every contract is available through the same selling broker/dealer. You can contact us to find out the availability of other contracts at (212) 554-1234.
Variable annuities are long-term investment products designed for retirement purposes. Variable annuity contract values will fluctuate and are subject to market risk, including the possibility of loss of principal. Variable annuity contracts have limitations. Withdrawals are subject to surrender charges,Office 2007, will reduce the death benefit, living benefit and cash surrender value; and come from any gain in the contract first. For costs and complete details of coverage, contact your financial professional or insurance-licensed representative.
Certain types of contracts, features and benefits may not be available in all jurisdictions.
Neither AXA Equitable nor its agents provide tax and legal advice. You should consult with your attorney and/or tax advisor before investing.
Accumulator® is a registered service mark and Accumulator® SelectSM, Accumulator® PlusSM, and Accumulator® EliteSM are service marks of AXA Equitable Life Insurance Company, New York, NY 10104. Co-distributed by AXA Advisors, LLC and AXA Distributors, LLC. 1290 Avenue of the Americas, New York, NY 10104, (212) 554-1234. AXA Equitable, AXA Advisors and AXA Distributors do not provide legal or tax advice.
Please be advised that this document is not intended as legal or tax advice. Accordingly, any tax information provided in this document is not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer. The tax information was written to support the promotion or marketing of the transaction(s) or matter(s) addressed and you should seek advice based on your particular circumstances from an independent tax advisor.
Issued by AXA Equitable Life Insurance Company, New York, NY 10104.
Contract form numbers: 2006BASE-A/B, 2006BASE-I-A/Bm 2007BASE-I-A(OR)(rev 2/09) and any state variations
GE-49908 (7/09)