12/04/2009 - Axa Equitable Term Changes

Axa Equitable has announced the following changes to their term portfolio

 

“In mid-January 2010, we plan to adjust our level term rates:

 

            -Some female premiums will be lowered

 

            -Small increases will be made to some male rates on the 15 and 20 year series

 

We are also raising the minimum face amount from $500,000 to $1,000,000:

 

            -Effective immediately, term quote engines will be revised to reflect the new $1,000,000 minimum

 

-In order to ease the transition for business already in process, we will be flexible about continuing

 to accept applications under the new minimum until the rate changes go into effect in January 2010”