Tuesday, January 10, 2006
AXA Equitable Introduces Innovative Variable Annuity That Combines Key Features of Deferred and Immediate Annuities
A new variable annuity introduced today by AXA Equitable bridges the gap between accumulating wealth and guaranteeing retirement income payments. The AXA Equitable Retirement Income for Life(SM) variable annuity is designed to turn retirement savings into regular income payments guaranteed for the life of the owner or over the lives of both spouses.
It is believed to be the first standalone product to offer access to account value; growth potential; a ratcheting income base; and the ability both to add money to the contract before withdrawals begin and to pass unused account values to heirs.
AXA Equitable Introduces Innovative Variable Annuity That Combines Key Features of Deferred and Immediate Annuities
Source: Yahoo! Finance
It is believed to be the first standalone product to offer access to account value; growth potential; a ratcheting income base; and the ability both to add money to the contract before withdrawals begin and to pass unused account values to heirs.
AXA Equitable Introduces Innovative Variable Annuity That Combines Key Features of Deferred and Immediate Annuities
Source: Yahoo! Finance
Permalink posted by armandn @ 7:50 AM 
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