- Growth potential
- Downside protection
- Tax-free retirement income
Live more for today
Live more for today with financial security against life’s unknowns. Because BrightLife® Grow Survivorship provides a life insurance benefit for the next generation, you and your spouse will know that your children will be taken care of when you’re no longer around.
Keep more of the money you earn
You can access the policy’s cash value, potentially tax-free, if you need it, for important financial goals or to help maintain your quality of life in retirement. It also provides a financial security benefit that is generally tax-free for your children, so more of your money will stay in your family, instead of going toward taxes.
Build more for tomorrow
This policy includes a growth component, so you can build cash value by tracking a market index, with potential for growth and some protection from market downturns. A survivorship policy is generally more cost-effective than two separate policies, giving you the potential to have your cash value accumulate more quickly over time.
Tailor your strategy to meet your needs
With BrightLife® Grow Survivorship, you can choose how your premium payments are allocated, which can ultimately impact your policy’s cash value. Our indexed options are designed for people who want protection from market loss and some potential for growth.
- Choose from 8 Indexed Options and/or a Guaranteed Interest Account
- Split your premiums however you want
- Change your allocation at any time
Take advantage of tax benefits
Not only does your cash value have the potential to grow tax-deferred, but you can generally take loans tax-free and your beneficiaries typically receive an income tax-free life insurance benefit.
Personalize your policy with optional riders
You can customize your BrightLife® Grow Survivorship policy with one or more optional features. Some charge an additional fee, some are automatically included, though all have certain limitations.
Under current federal tax rules, you generally may take federal income tax-free withdrawals up to your basis (total premiums paid) in the policy or loans from a life insurance policy that is not a Modified Endowment Contract (MEC). Certain exceptions may apply for partial withdrawals during the policy's first 15 years. If the policy is a MEC, all distributions (withdrawals or loans) are taxed as ordinary income to the extent of gain in the policy, and may also be subject to an additional 10% premature distribution penalty prior to age 59 1/2, unless certain exceptions are applicable. Loans and partial withdrawals will decrease the death benefit and cash value of your life insurance policy and may be subject to policy limitations and income tax. In addition, loans and partial withdrawals may cause certain policy benefits or riders to become unavailable and may increase the chance your policy may lapse. If the policy lapses, is surrendered or becomes a MEC, the loan balance at such time would generally be viewed as distributed and taxable under the general rules for distribution of policy cash values.
BrightLife® Grow Survivorship is issued in New York and Puerto Rico by AXA Equitable Life Insurance Company (AXA Equitable), New York, NY and in all other jurisdictions by MONY Life Insurance Company of America (MLOA), an Arizona Stock Corporation with its main administrative office in Jersey City, NJ MLOA is not licensed to conduct business in New York and Puerto Rico. It is co-distributed by affiliates AXA Network, LLC and AXA Distributors LLC,1290 Avenue of the Americas, New York, NY 10104.