EQUI-VEST® - ADA Members Retirement Program - AXA

452 Pages·2014·4.67 MB·English

EQUI-VEST®
(series 801)
combination variable and fixed deferred annuity
May 1, 2018
Issued by AXA Equitable Life Insurance Company.
Table of Contents
Variable Product Prospectus
Page
EQUI-VEST®(Series801) 1
Summary Prospectuses
PageLabel PageLabel
AXAPremierVIPTrust AXA/LoomisSaylesGrowth ALSG1-4
AXAAggressiveAllocation AAA1-5 AXA2000ManagedVolatility A2000MV1-6
AXAConservativeAllocation ACA1-5 AXA400ManagedVolatility A400MV1-6
AXAConservative-PlusAllocation ACPA1-5 AXA500ManagedVolatility A500MV1-6
AXAModerateAllocation AMA1-5 AXAMidCapValueManagedVolatility AMCVMV1-7
AXAModerate-PlusAllocation AMPA1-5 AXAModerateGrowthStrategy AMGSA1-5
CharterSMModerate CMOD1-7 AXA/MutualLargeCapEquityManaged
CharterSMMulti-SectorBond CMSB1-6 Volatility AMLCEMV1-8
CharterSMSmallCapGrowth CSCG1-5 AXA/TempletonGlobalEquityManaged
CharterSMSmallCapValue CSCV1-5 Volatility ATGEMV1-6
Target2015Allocation 2015A1-5 EQ/BlackRockBasicValueEquity EQBBV1-4
Target2025Allocation 2025A1-5 EQ/CapitalGuardianResearch EQCGR1-4
Target2035Allocation 2035A1-5 EQ/CommonStockIndex EQCTI1-3
Target2045Allocation 2045A1-5 EQ/CoreBondIndex EQCBI1-4
Target2055Allocation 2055A1-5 EQ/EmergingMarketsEquityPLUS EQEMEP1-6
EQAdvisorsTrust EQ/Equity500Index EQ500I1-3
1290VTDoubleLineDynamicAllocation VTDD1-9 EQ/GlobalBondPLUS EQGBP1-6
1290VTDoubleLineOpportunisticBond VTDO1-6 EQ/IntermediateGovernmentBond EQIGB1-4
1290VTEquityIncome VTEI1-4 EQ/InternationalEquityIndex EQIEI1-4
1290VTGAMCOMergers&Acquisitions VTGM1-5 EQ/InvescoComstock EQICK1-4
1290VTGAMCOSmallCompanyValue VTGSC1-3 EQ/JPMorganValueOpportunities EQJPMV1-4
1290VTHighYieldBond VTHY1-6 EQ/LargeCapGrowthIndex EQLCGI1-3
1290VTSmartBetaEquity VTSB1-4 EQ/LargeCapValueIndex EQLCVI1-3
1290VTSmallCapValue VTSC1-6 EQ/MFSInternationalGrowth EQMG1-4
1290VTSociallyResponsible VTSR1-5 EQ/MidCapIndex EQMCI1-4
AllAssetGrowth-Alt20 EQAA1-7 EQ/MoneyMarket EQMM1-4
AXABalancedStrategy ABSA1-5 EQ/OppenheimerGlobal EQOG1-5
AXAConservativeGrowthStrategy ACGA1-5 EQ/PIMCOGlobalRealReturn EQPGRR1-6
AXAConservativeStrategy ACSA1-5 EQ/PIMCOUltraShortBond EQPUS1-5
AXA/ABDynamicModerateGrowth AABDMG1-8 EQ/QualityBondPLUS EQQBP1-6
AXA/ABSmallCapGrowth AASCG1-4 EQ/SmallCompanyIndex EQSCI1-3
AXA/ClearBridgeLargeCapGrowth ACBLC1-4 EQ/T.RowePriceGrowthStock EQTGS1-4
AXA/FranklinBalancedManagedVolatility AFBMV1-8 EQ/UBSGrowthandIncome EQUGI1-3
AXA/FranklinSmallCapValueManaged MultimanagerAggressiveEquity MMAE1-5
Volatility AFSCVMV1-7 MultimanagerCoreBond MMCB1-7
AXA/FranklinTempletonAllocation MultimanagerMidCapGrowth MMMCG1-5
ManagedVolatility EQFTAMV1-7 MultimanagerMidCapValue MMMCV1-5
AXAGlobalEquityManagedVolatility AGEMV1-7 MultimanagerTechnology MMT1-5
AXAInternationalCoreManagedVolatility AICMV1-7
AXAInternationalManagedVolatility AIMV1-6
AXAInternationalValueManagedVolatility AIVMV1-6
AXA/JanusEnterprise AJE1-4
AXALargeCapCoreManagedVolatility ALCCMV1-6
AXALargeCapGrowthManagedVolatility EQLCGMV1-7
AXALargeCapValueManagedVolatility ALCVMV1-7
(531600)
EQUI-VEST® (Series 801) Please read and keep this prospectus for future reference. It contains
importantinformationthatyoushouldknowbeforepurchasingortaking
Acombinationvariableandfixeddeferredannuitycontract any other action under your contract. This prospectus supersedes all
priorprospectusesandsupplements.Youshouldreadtheprospectuses
ProspectusdatedMay1,2018
foreachTrustwhichcontainimportantinformationabouttheportfolios.
WhatisEQUI-VEST®? International/Global
EQUI-VEST® is a deferred annuity contract issued by AXA Equitable (cid:129) 1290VTSmartBetaEquity (cid:129) EQ/EmergingMarketsEquityPLUS
(cid:129) AXAGlobalEquityManagedVolatility (cid:129) EQ/InternationalEquityIndex
Life Insurance Company. It provides for the accumulation of retire- (cid:129) AXAInternationalCoreManagedVolatility (cid:129) EQ/MFSInternationalGrowth
mentsavingsandforincome.Thecontractalsooffersdeathbenefitpro- (cid:129) AXAInternationalManagedVolatility (cid:129) EQ/OppenheimerGlobal
(cid:129) AXAInternationalValueManagedVolatility (cid:129) InvescoV.I.GlobalRealEstate
tectionandanumberofpayoutoptions.Youinvesttoaccumulatevalue
(cid:129) AXA/TempletonGlobalEquityManaged (cid:129) InvescoV.I.InternationalGrowth
onatax-deferredbasisinoneormoreofourvariableinvestmentoptions Volatility (cid:129) LazardRetirementEmergingMarketsEquity
(cid:129) CharterSMModerate (cid:129) MFS®InternationalValue
andinourguaranteedinterestoption(“investmentoptions”).
Thisprospectusisadisclosuredocumentanddescribesallofthecon- AssetAllocation
tract’s material features, benefits, rights and obligations, as well as (cid:129) 1290VTDoubleLineDynamicAllocation (cid:129) AXA/FranklinTempletonAllocation
(cid:129) AllAssetGrowth–Alt20 ManagedVolatility
otherinformation.Thedescriptionofthecontract’smaterialprovisions
(cid:129) AXA/ABDynamicModerateGrowth (cid:129) AXAModerateAllocation
inthisprospectusiscurrentasofthedateofthisprospectus.Ifcertain (cid:129) AXAAggressiveAllocation (cid:129) AXAModerateGrowthStrategy
materialprovisionsunderthecontractarechangedafterthedateofthis (cid:129) AXABalancedStrategy (cid:129) AXAModerate-PlusAllocation
(cid:129) AXAConservativeAllocation (cid:129) Target2015Allocation
prospectus in accordance with the contract, those changes will be (cid:129) AXAConservativeGrowthStrategy (cid:129) Target2025Allocation
describedinasupplementtothisprospectus.Youshouldcarefullyread (cid:129) AXAConservative-PlusAllocation (cid:129) Target2035Allocation
(cid:129) AXAConservativeStrategy (cid:129) Target2045Allocation
this prospectus in conjunction with any applicable supplements. The
(cid:129) AXA/FranklinBalancedManagedVolatility (cid:129) Target2055Allocation
contractshouldalsobereadcarefully.Youhavetherighttocancelthe
contractwithinacertainnumberofdaysafterreceiptofthecontract. Youmayallocateamountstothevariableinvestmentoptionsunderyour
choice of investment method subject to any restrictions. Each variable
Thecontractmaynotcurrentlybeavailableinallstates.Alloptional investment option is a subaccount of Separate Account A. Each variable
features and benefits described in this prospectus may not be avail- investment option, in turn, invests in a corresponding securities portfolio
able at the time you purchase the contract. We have the right to thatispartofoneofthetrusts(the“Trusts”).Yourinvestmentresultsina
restrictavailabilityofanyoptionalfeatureorbenefit.Wecanrefuseto variableinvestmentoptionwilldependontheinvestmentperformanceof
acceptanyapplicationorcontributionfromyouatanytime,including the related portfolio. You may also allocate amounts to the guaranteed
afteryoupurchasethecontract. interestoption.
Typesofcontracts. Forexistingandnewcontractowners,weoffer
Variableinvestmentoptions
thecontractsforuseas:
Fixedincome
(cid:129) 1290VTDoubleLineOpportunisticBond (cid:129) EQ/MoneyMarket (cid:129) Anonqualifiedannuity(“NQ”)forafter-taxcontributionsonly.
(cid:129) 1290VTHighYieldBond (cid:129) EQ/PIMCOGlobalRealReturn
(cid:129) AmericanFundsInsuranceSeries®Bond (cid:129) EQ/PIMCOUltraShortBond (cid:129) An individual retirement annuity (“IRA”), any of traditional IRA, Roth
Fund (cid:129) EQ/QualityBondPLUS IRAorInheritedIRAbeneficiarycontinuationcontracts(“InheritedIRA”).
(cid:129) CharterSMMulti-SectorBond (cid:129) InvescoV.I.HighYield
(cid:129) EQ/CoreBondIndex (cid:129) IvyVIPHighIncome Aminimumcontributionof$25,000isrequiredtopurchaseacontract.
(cid:129) EQ/GlobalBondPLUS (cid:129) MultimanagerCoreBond
(cid:129) EQ/IntermediateGovernmentBond A registration statement relating to this offering has been filed with
DomesticEquity the Securities and Exchange Commission (“SEC”). The statement of
additional information (“SAI”) dated May 1, 2018, is a part of the
(cid:129) 1290VTEquityIncome (cid:129) EQ/Equity500Index
registration statement. The SAI is available free of charge. You may
(cid:129) 1290VTGAMCOMergers& (cid:129) EQ/InvescoComstock
Acquisitions (cid:129) EQ/JPMorganValueOpportunities request one by writing to our processing office at P.O. Box 4956,
(cid:129) 1290VTGAMCOSmallCompanyValue (cid:129) EQ/LargeCapGrowthIndex Syracuse, NY 13221-4956 or calling [phone]. The SAI has
(cid:129) 1290VTSmallCapValue (cid:129) EQ/LargeCapValueIndex been incorporated by this reference into this prospectus. This pro-
(cid:129) 1290VTSociallyResponsible (cid:129) EQ/MidCapIndex
spectusand theSAIcan alsobeobtainedfromtheSEC’swebsiteat
(cid:129) AXA400ManagedVolatility (cid:129) EQ/SmallCompanyIndex
(cid:129) AXA500ManagedVolatility (cid:129) EQ/T.RowePriceGrowthStock www.sec.gov. The table of contents for the SAI appears at theback
(cid:129) AXA2000ManagedVolatility (cid:129) EQ/UBSGrowthandIncome ofthisprospectus.
(cid:129) AXA/ABSmallCapGrowth (cid:129) Fidelity®VIPContrafund®
(cid:129) AXA/ClearBridgeLargeCapGrowth (cid:129) GoldmanSachsVITMidCapValue
(cid:129) AXA/FranklinSmallCapValueManaged (cid:129) InvescoV.I.MidCapCoreEquity
Volatility (cid:129) InvescoV.I.SmallCapEquity
(cid:129) AXA/JanusEnterprise (cid:129) IvyVIPEnergy
(cid:129) AXALargeCapCoreManagedVolatility (cid:129) IvyVIPMidCapGrowth
(cid:129) AXALargeCapGrowthManaged (cid:129) IvyVIPSmallCapGrowth
Volatility (cid:129) MFS®InvestorsTrust
(cid:129) AXALargeCapValueManagedVolatility (cid:129) MFS®MassachusettsInvestorsGrowth
(cid:129) AXA/LoomisSaylesGrowth Stock
(cid:129) AXAMidCapValueManagedVolatility (cid:129) MFS®Technology
(cid:129) AXA/MutualLargeCapEquityManaged (cid:129) MFS®Utilities
Volatility (cid:129) MultimanagerAggressiveEquity TheSEChasnotapprovedordisapprovedthesesecuritiesor
(cid:129) CharterSMSmallCapGrowth (cid:129) MultimanagerMidCapGrowth determined if this prospectus is accurate or complete. Any
(cid:129) CharterSMSmallCapValue (cid:129) MultimanagerMidCapValue
(cid:129) EQ/BlackRockBasicValueEquity (cid:129) MultimanagerTechnology representation to the contrary is a criminal offense. The
(cid:129) EQ/CapitalGuardianResearch (cid:129) VanEckVIPGlobalHardAssets contracts are not insured by the FDIC or any other agency.
(cid:129) EQ/CommonStockIndex
They are not deposits or other obligations of any bank and
are not bank guaranteed. They are subject to investment
risksandpossiblelossofprincipal.
EVSeries801(IF/NB)
#514778
Contents of this Prospectus
Indexofkeywordsandphrases 4
WhoisAXAEquitable? 5
Howtoreachus 6
EQUI-VEST®ataglance—keyfeatures 8
Feetable 10
Examples 11
Condensedfinancialinformation 11
1.Contractfeaturesandbenefits 12
Howyoucanpurchaseandcontributetoyourcontract 12
Ownerandannuitantrequirements 15
Howyoucanmakeyourcontributions 15
Whatareyourinvestmentoptionsunderthecontract? 15
PortfoliosoftheTrusts 16
Selectingyourinvestmentmethod 25
Allocatingyourcontributions 26
Yourrighttocancelwithinacertainnumberofdays 26
Deathbenefit 26
InheritedIRAbeneficiarycontinuationcontract 27
2.Determiningyourcontract’svalue 29
Youraccountvalueandcashvalue 29
Yourcontract’svalueinthevariableinvestmentoptions 29
Yourcontract’svalueintheguaranteedinterestoption 29
“We,““our,“and“us“refertoAXAEquitable. Whenweusetheword“contract“italsoincludescertificatesthatareissuedunder
When we address the reader of this prospectus with words such as “you“ and groupcontractsinsomestates.
“your,“wemeanthepersonwhohastherightorresponsibilitythattheprospectusis
discussingatthatpoint.Thisisusuallythecontractowner.
2
ContentsofthisProspectus
3.Transferringyourmoneyamonginvestment Transfersofownership,collateralassignments,loans,
options 30 andborrowing 59
Transferringyouraccountvalue 30 Distributionofthecontracts 60
Disruptivetransferactivity 30
Automatictransferoptions 31
Appendices
Investmentsimplifier 31
Rebalancingyouraccountvalue 31 I — Deathbenefitexample I-1
II — Condensedfinancialinformation II-1
III — Statecontractavailabilityand/orvariationsof
4.Accessingyourmoney 33
certainfeaturesandbenefits III-1
Withdrawingyouraccountvalue 33
IV — HypotheticalIllustrations IV-1
Howwithdrawalsaretakenfromyouraccountvalue 34
Surrenderofyourcontracttoreceiveitscashvalue 34
Termination 34
Statementofadditionalinformation
Whentoexpectpayments 34
Tableofcontents
Yourannuitypayoutoptions 34
5.Chargesandexpenses 37
ChargesthatAXAEquitablededucts 37
Chargesunderthecontracts 37
ChargesthattheTrustsdeduct 39
Grouporsponsoredarrangements 39
Otherdistributionarrangements 39
6.Paymentofdeathbenefit 40
Yourbeneficiaryandpaymentofbenefit 40
Howdeathbenefitpaymentismade 40
Beneficiarycontinuationoption 41
7.Taxinformation 43
Overview 43
Buyingacontracttofundaretirementarrangement 43
Transfersamonginvestmentoptions 43
Taxationofnonqualifiedannuities 43
Individualretirementarrangements(“IRAs”) 45
Traditionalindividualretirementannuities(traditionalIRAs) 46
Rothindividualretirementannuities(“RothIRAs”) 50
Taxwithholdingandinformationreporting 56
ImpactoftaxestoAXAEquitable 56
8.Moreinformation 57
AboutourSeparateAccountA 57
AbouttheTrusts 57
Aboutthegeneralaccount 57
Aboutothermethodsofpayment 58
Datesandpricesatwhichcontracteventsoccur 58
Aboutyourvotingrights 58
Cybersecurity 59
Statutorycompliance 59
Aboutlegalproceedings 59
Financialstatements 59
3
ContentsofthisProspectus
Index of key words and phrases
Thisindexshouldhelpyoulocatemoreinformationonthetermsusedinthisprospectus.
Page Page
Disruptivetransferactivity 30
accountvalue 29
guaranteedinterestoption 25
annuitant 12
IRA 45
annuitypayoutoptions 34
IRS 43
automaticinvestmentprogram(“AIP”) 58
InheritedIRA 1,27
AXAEquitableAccessAccount 41
investmentoptions 1,15
beneficiary 40
markettiming 30
beneficiarycontinuationoption 41
NQ 1
businessday 15,58
OnlineAccountAccess 6
cashvalue 29
partialwithdrawals 33
conduitIRA 48
portfolios 10
contractdate 12
processingoffice 1,6
contractdateanniversary 12
ratcheteddeathbenefit 27
contractyear 12
RequiredBeginningDate 48
contributions 12
RothIRA 50
ContributionstoRothIRAs 50
SAI 1
regularcontribution 50
SEC 1
rolloversanddirecttransfers 51
TOPS 6
conversioncontributions 51
traditionalIRA 46
directtransfers 50
Trusts 1,57
ContributionstotraditionalIRAs 46
unit 29
regularcontribution 46
unitinvestmenttrust 57
rolloversandtransfers 46
variableinvestmentoptions 1,15,25
directtransfers 46
Tomakethisprospectuseasiertoread,wesometimesusedifferentwordsthaninthecontractorsupplementalmaterials.Thisisillustratedbelow.
Althoughwedousedifferentwords,theyhavethesamemeaninginthisprospectusasinthecontractorsupplementalmaterials.Yourfinancial
professionalcanprovidefurtherexplanationaboutyourcontract.
Prospectus ContractorSupplementalMaterials
accountvalue AnnuityAccountValue
guaranteedinterestoption GuaranteedInterestAccount
unit Accumulationunit
unitvalue Accumulationunitvalue
4
Indexofkeywordsandphrases
Who is AXA Equitable?
We are AXA Equitable Life Insurance Company (“AXA Equitable”) a
NewYorkstocklifeinsurancecorporation.Wehavebeendoingbusi-
nesssince1859.AXAEquitableisanindirectwhollyownedsubsidiary
of AXA Equitable Holdings, Inc., which is an indirect majority owned
subsidiary of AXA S.A. (“AXA”), a French holding company for an
international group of insurance and related financial services
companies. As the majority shareholder of AXA Equitable, AXA
exercisessignificantinfluenceovertheoperationsandcapitalstructure
of AXA Equitable. No company other than AXA Equitable, however,
has any legal responsibility to pay amounts that AXA Equitable owes
under thecontracts. AXAEquitableissolelyresponsiblefor paying all
amountsowedtoyouunderyourcontract.
AXA Equitable Holdings, Inc. and its consolidated subsidiaries man-
aged approximately $669.9 billion in assets as of December 31,
2017. For morethan 150yearsAXAEquitablehasbeen among the
largestinsurancecompaniesintheUnitedStates.Wearelicensedto
sell life insurance and annuities in all fifty states, the District of
Columbia,PuertoRico,andtheU.S.VirginIslands.Ourhomeofficeis
locatedat1290AvenueoftheAmericas,NewYork,NY10104.
5
WhoisAXAEquitable?
Howtoreachus Yourcorrespondencewillbepickedupatthemailingaddressnoted
above and delivered to our processing office. Your correspondence,
Pleasecommunicatewithusatthemailingaddresseslistedbelowfor
however, is not considered received by us until it is received at our
thepurposesdescribed.Certain methodsofcontactingus,suchasby
processing office. Where this prospectus refers to the day when we
telephone or electronically, may be unavailable or delayed.For exam-
receiveacontribution,request,election,notice,transferoranyother
ple, our facsimile service may not be available at all times and/or we
transaction request from you, we mean the day on which that item
maybeunavailableduetoemergencyclosing.Inaddition,theleveland
(or the last thing necessary for us to process that item) arrives in
typeofserviceavailablemayberestrictedbasedoncriteriaestablished
by us. In order to avoid delays in processing, please send your corre- complete and proper form at our processing officeor via theappro-
spondenceandchecktotheappropriatelocation,asfollows: priate telephone or fax number if the item is a type we accept by
Forcorrespondencewithchecks: thosemeans.Therearetwomainexceptions:iftheitemarrives(1)on
a day that is not a business day or (2) after the close of a business
ForNQandIRAownerswhosendcontributionsindividually day,then,ineachcase,wearedeemedtohavereceivedthatitemon
byregularmail: the next business day. Our processing office is: 100 Madison Street,
Suite1000,Syracuse,NewYork13202.
AXAEquitable
Reportsweprovide:
EQUI-VEST®AnnuityLockbox
P.O.Box13459 (cid:129) confirmationnoticesoffinancialtransactions;and
Newark,NJ07188-0459
(cid:129) quarterly statements of your contract values as of the close of
ForNQandIRAownerswhosendcontributionsindividually eachcalendarquarter.
byexpressdelivery:
Asrequired,noticesandstatementswillbesentbymailundercertain
JPMorganChase circumstances.TheyarealsoavailableonOnlineAccountAccess.
EQUI-VEST®Lockbox#13459 Telephoneoperatedprogramsupport(‘‘TOPS’’)and
4ChaseMetrotechCenter(7thFloor) OnlineAccountAccesssystems:
Brooklyn,NY11245-0001
TOPS is designed to provide you with up-to-date information via
Telephonenumbertobeusedonexpressmailpackages
touch-tone telephone. Online Account Access is designed to provide
Attn:ExtractionSupervisor,[phone]
thisinformationthroughtheInternet.Youcanobtaininformationon:
ForNQandIRAcontributionsremittedbyemployersand
(cid:129) yourcurrentaccountvalue;
sentbyregularmail:
(cid:129) yourcurrentallocationpercentages;
AXAEquitable
(cid:129) thenumberofunitsyouhaveinthevariableinvestmentoptions;
EQUI-VEST®UnitAnnuityLockbox
P.O.Box13463 and
Newark,NJ07188-0463 (cid:129) thedailyunitvaluesforthevariableinvestmentoptions.
ForNQandIRAcontributionsremittedbyemployersand Youcanalso:
sentbyexpressdelivery:
(cid:129) change your allocation percentages and/or transfer among the
AXAEquitable variableinvestmentoptionsandtheguaranteedinterestoption;
JPMorganChase and
EQUI-VEST®Lockbox#13463
(cid:129) change your TOPS personal identification number (‘‘PIN’’)
4ChaseMetrotechCenter(7thFloor)
(through TOPS only) and your OnlineAccount Accesspassword
Brooklyn,NY11245-0001
(throughOnlineAccountAccessonly).
Telephonenumbertobeusedonexpressmailpackages
Attn:ExtractionSupervisor,[phone] UnderTOPSonlyyoucan:
Forcorrespondencewithoutchecks:
(cid:129) electtheinvestmentsimplifier.
Forallothercommunications(e.g.,requestsfortransfers, UnderOnlineAccountAccessonlyyoucan:
withdrawals,orrequirednotices)sentbyregularmail:
(cid:129) makeacontributiontoyourIRAorNQannuitycontract;
AXAEquitable (cid:129) electtoreceivecertaincontractstatementselectronically;
EQUI-VEST®ProcessingOffice
(cid:129) changeyouraddress;
P.O.Box4956
Syracuse,NY13221-4956 (cid:129) access‘‘FrequentlyAskedQuestions’’andcertainserviceforms;
and
Forallothercommunications(e.g.,requestsfortransfers,
withdrawals,orrequirednotices)sentbyexpressdelivery: (cid:129) obtain performance information regarding the variable invest-
mentoptions.
AXAEquitable
EQUI-VEST®ProcessingOffice TOPSandOnlineAccountAccessarenormallyavailablesevendaysa
100MadisonStreet,Suite1000 week, 24 hours a day. You can use TOPS by calling toll-free
Syracuse,NY13202 [phone].YoumayuseOnlineAccountAccessbyvisitingour
6
WhoisAXAEquitable?
websiteatwww.axa.comandclickingonOnlineAccountAccess.Of (9) request for a transfer/rollover of assets or 1035 exchange to
course,forreasonsbeyondourcontrol,theseservicesmaysometimes anothercarrier;
beunavailable.
(10) purchaseby,orchangeofownershipto,anon-naturalowner;
We have established procedures to reasonably confirm that the
(11) contractsurrenderandwithdrawalrequests;
instructionscommunicatedbytelephoneortheInternetaregenuine.
For example, we will require certain personal identification (12) deathclaims;and
information before we will act on telephone or Internet instructions
(13)partialannuitizationofanNQcontract.
and we will provide written confirmation of your transfers. If we do
not employ reasonable procedures to confirm the genuineness of Wealsohavespecificformsthatwerecommend
telephone or Internet instructions, we may be liable for any losses youuseforthefollowingtypesofrequests:
arisingoutofanyactoromissionthatconstitutesnegligence,lackof
good faith, or willful misconduct. In light of our procedures, we will (1) beneficiarychanges;
notbeliableforfollowingtelephoneorInternetinstructionswerea-
(2) transfersamonginvestmentoptions;and
sonablybelievetobegenuine.
(3) changeofownership.
Wereservetherighttolimitaccesstotheseservicesifwedetermine
that you engaged in a disruptive transfer activity such as ‘‘market
Tochangeorcancelanyofthefollowingwe
timing.’’ (See ‘‘Disruptive transfer activity’’ in ‘‘Transferring your
requirewrittennotificationgenerallyatleast
moneyamonginvestmentoptions”laterinthisprospectus.)’’
sevencalendardaysbeforethenextscheduled
WereservetherighttodiscontinueofferingTOPSatanytimeinthe transaction:
future.
(1) automaticinvestmentprogram;
Customerservicerepresentative:
(2) investmentsimplifier;
Youmayalsouseourtoll-freenumber(800)628-6673tospeakwith
(3) rebalancingprogram;
one of our customer service representatives. Our customer service
representatives are available on each business day Monday through (4) systematicwithdrawals;and
Thursdayfrom8:00a.m.to7:00p.m.,andonFridayuntil5:00p.m.,
(5) thedateannuitypaymentsaretobegin.
EasternTime.
Hearingorspeech-impairedclientsmaycalltheAT&TNationalRelay
Youmustsignanddatealltheserequests.Anywrittenrequestthatis
Numberat(800)855-2880forinformationaboutyouraccount.Ifyou
not on one of our forms must include your name and your contract
haveaTelecommunicationsDevicefortheDeaf(TDD),youmayrelay
number along with adequate details about the notice you wish to
messages or questions to our Customer Service Department at
giveortheactionyouwishustotake.
[phone], Monday through Thursday from 8:00 a.m. to 7:00
p.m.,andonFridayuntil5:00p.m.EasternTime.AT&Tpersonnelwill
Signatures:
communicateourreplybacktoyou,viatheTDD.
Theproperpersontosignforms,noticesandrequestswouldnormally
Toll-freetelephoneservice:
betheowner.Iftherearejointowners,allmustsign.
Youmayreachustoll-freebycalling(800)841-0801forarecording
ofdailyunitvaluesforthevariableinvestmentoptions.
Werequirethatthefollowingtypesof
communicationsbeonspecificformswe
provideforthatpurpose:
(1) conversionofyourtraditionalIRAcontracttoaRothIRAcontract;
(2) cancellationofyourRothIRAcontractandreturntoatraditional
IRAcontract;
(3) electionoftheautomaticinvestmentprogram;
(4) electionoftheinvestmentsimplifier;
(5) electionoftheautomaticdepositservice;
(6) electionoftherebalancingprogram;
(7) election of the required minimum distribution (“RMD”) auto-
maticwithdrawaloption;
(8) electionofthebeneficiarycontinuationoption;
7
WhoisAXAEquitable?
EQUI-VEST® at a glance — key features
Professionalinvestment EQUI-VEST® variable investment options invest in different portfolios managed by professional investment
management advisers.
Guaranteedinterestoption (cid:129) Principalandinterestguarantees
(cid:129) Interestratessetperiodically
Taxadvantages (cid:129) Onearningsinsidethecontract Notaxuntilyoumakewithdrawalsfromyourcontract
orreceiveannuitypayments.
(cid:129) Ontransfersinsidethecontract Notaxontransfersamonginvestmentoptions.
IfyouarepurchasinganannuitycontractasanIndividualRetirementAnnuity(IRA),youshouldbeawarethat
suchannuitiesdonotprovidetaxdeferralbenefitsbeyondthosealreadyprovidedbytheInternalRevenue
Codeforindividualretirementarrangements.Beforepurchasingoneofthesecontracts,youshouldconsider
whetheritsfeaturesandbenefitsbeyondtaxdeferralmeetyourneedsandgoals.Youmayalsowantto
considertherelativefeatures,benefitsandcostsofthesecontractswithanyotherinvestmentthatyoumayuse
inconnectionwithyourretirementplanorarrangement.(Formoreinformation,see“Taxinformation”laterin
thisprospectus.)
Contributionamounts Minimuminitialcontribution(allcontracts):$25,000
Minimumsforadditionalcontributions:
(cid:129) $50(TraditionalIRA,RothIRAandNQ);$20underourautomaticinvestmentprogram
(cid:129) $1,000(InheritedIRA)
(cid:129) Maximumcontributionlimitationsapplytoallcontracts.
Ingeneral,contributionsarelimitedto$1.5million($500,000forownersorannuitantswhoareage81and
olderatcontractissue)underallEQUI-VEST®seriescontractswiththesameownerorannuitantor$2.5million
underallAXAEquitableannuityaccumulationcontractswiththesameownerorannuitant.Uponadvance
noticetoyou,wemayexercisecertainrightswehaveunderthecontractregardingcontributions,includingour
rightsto(i)changeminimumandmaximumcontributionrequirementsandlimitations,and(ii)discontinue
acceptanceofcontributions.Formoreinformation,see“Howyoucanpurchaseandcontributetoyour
contract”in“Contractfeaturesandbenefits”laterinthisprospectus.
Deathbenefitprotection Thecontractprovidesadeathbenefitforthebeneficiaryshouldtheannuitantdie.Thedeathbenefitisequalto
theaccountvalueorthestandarddeathbenefit,whicheverishigher.However,ifyouelecttheratcheteddeath
benefit,thedeathbenefitisequaltotheaccountvalueortheratcheteddeathbenefit,whicheverishigher.
Accesstoyourmoney (cid:129) Partialwithdrawals
(cid:129) Severalperiodicwithdrawaloptions
(cid:129) Contractsurrender
You may incur a withdrawal charge for certain withdrawals or if you surrender your contract. You may also
incurincometaxandapenaltytax.
Payoutoptions (cid:129) Fixedannuitypayoutoptions
(cid:129) VariableImmediateAnnuitypayoutoptions(describedinaseparateprospectusforthatoption)
Additionalfeatures (cid:129) Dollar-costaveragingbyautomatictransfers
—Interestsweepoption
—Fixed-dollaroption
(cid:129) Automaticinvestmentprogram
(cid:129) Accountvaluerebalancing(quarterly,semi-annually,andannually)
(cid:129) Nochargeontransfersamonginvestmentoptions
(cid:129) Waiverofwithdrawalchargeundercertaincircumstances
Feesandcharges Pleasesee“Feetable”laterinthisprospectusforcompletedetails.
Annuitantissueages 0-85(0-70forInheritedIRA)
8
EQUI-VEST®ataglance—keyfeatures