• Flexible premiums
  • Designed for estate planning
  • Robust investment options
  • Married, with estate taxes concerns?

    Survivorship Incentive Life Legacy may be right for you, especially if you want some control over how your money is invested.

    A survivorship policy insures two people – typically a married couple – under one policy.  The life insurance benefit is paid out, free of federal income-tax, after the death of the second person. 

    Survivorship policies can be a cost-effective way to insure two people, and they allow you to take full advantage of the unlimited estate tax marital deduction.

  • Investment choice

    Put your premium dollars to work with an array of market-sensitive investment options. 

    You can choose how your premiums are invested by allocating them among a wide array of stock, bond, international and money market subaccount investment options. 

    Our investment options are managed by over 45 well known and respected investment management firms.

Want more details on how this product may help you? Talk to a financial professional

Permanent life insurance protection

Survivorship Incentive Life LegacySM is a flexible premium, variable universal life insurance policy that provides protection and the ability to invest in the market through its variable investment options. The policy insures two lives, typically a husband and wife, under one life insurance policy and pays a death benefit on the death of the surviving insured. Survivorship Incentive Life LegacySM is generally used to pay estate taxes and other estate settlement costs.

Growth potential: Variable investment options

Survivorship Incentive Life LegacySM offers you the opportunity to direct how a portion of your premium payments and Policy Account Value are invested among a wide array of investment options that include equity portfolios, bond portfolios, and a money market portfolio. These portfolios are sub-advised by some of the industry's most well-known money managers.

Note: Variable universal life insurance policy values are not guaranteed, will fluctuate based on the performance of the underlying investments, and may be worth more or less than the premiums paid.

Guaranteed Interest Option (GIO)

For those looking for more stability, we also offer a Guaranteed Interest Option (GIO). All guarantees and contractual engagements are based solely on the claims-paying ability of AXA Equitable Life Insurance Company.

Tax advantages

Transfers among the investment options are tax free, as are loans or withdrawals if they are structured properly. Note: Transfers may be limited in certain circumstances and restrictions may apply to prevent disruptive transfer activity. Plus, any death benefits paid to your beneficiaries are generally paid federal income tax-free. Also, loans and withdrawals reduce the face amount of the policy and increase the chance a policy may lapse.

Potential earnings within the Survivorship Incentive Life LegacySM policy accumulate on a tax-deferred basis and are not reduced by income taxes unless or until there is a taxable distribution from the policy.2

Premium flexibility

Premium payments are flexible. After an initial payment, you can choose the amount and timing of your premium payments (subject to certain minimums and maximums).

No-Lapse Guarantee (NLG)

Included automatically at no additional cost with policies that elect Death Benefit Option A. This benefit guarantees that your policy will not lapse for a number of years (ranging from five to 20), depending on the issue age of the younger Insured. Minimum specified premiums must be paid, and any policy loan (plus accrued interest) cannot exceed the Policy Account Value.

Please read the prospectus for information on limitations and restrictions.

Paid-up death benefit guarantee

For no charge and after the fourth policy year, you may elect to “lock in” a Guaranteed Minimum Death Benefit. The Paid Up Death Benefit Guarantee is not available with policies issued in Texas.Please read the prospectus for limitations on this guarantee.

Death benefit options

Survivorship Incentive Life LegacySM has two death benefit options:

  • Option A – Level Death Benefit is equal to the Face Amount of the policy.
  • Option B – Variable Death Benefit is equal to the Face Amount plus the Policy Account Value

Under either option, a higher death benefit may apply if the value in the Policy Account reaches a certain level relative to the Face Amount. Changes to the death benefit option are available at no charge after the second policy year.

Choice of riders3

Depending on your current or anticipated future needs, you can tailor your Survivorship Incentive Life LegacySM policy by taking advantage of a selection of optional policy riders that are available for an additional cost. For more detailed information, please refer to the prospectus and fact card link above.

Fees and charges

There are fees and charges associated with variable universal life policies, including cost of insurance charges, surrender charges, administrative and investment management fees, mortality and expense charges, and charges for optional benefits. For more detailed information, please refer to the prospectus and fact card link above.

Download Fact Card 

Variable investment options

Growth potential

Our variable investment options offer the opportunity to direct how life insurance premium payments are invested among a wide array of stock, bond, international and money market investment options.

This access provides an opportunity for growth of your account value.  Please keep in mind that variable investment options are subject to fluctuations in value and market risk, including loss of principal.


Evaluating investment options has never been easy. And in today’s investment environment, where investors have literally thousands of choices, you need an experienced guide.

Through a multiple-step selection process, we systematically narrow the universe of money management firms to identify money managers that are best suited to meet specific investment goals.

Many of our money managers are household names you’re sure to recognize. Others are better known among large institutional investors.


Our variable investment option platform is designed to help meet the needs of a wide variety of investors, while being responsive to an ever-changing market environment. We offer a carefully selected menu of investment options that meets the needs of diversification-minded investors, while accommodating individual preferences and risk appetites.


For investors who want a simplified approach to building a diversified portfolio, a series of asset allocation portfolios are available. Each portfolio is constricted as a “funds-of-funds,” diversified by AXA Equitable’s team of investment specialists.  With one simple investment, you gain access to the combined performance of multiple portfolios. The Benefits of AXA Strategic Allocation Portfolios Managed by AXA Equitable 

  • Tailored to Meet Your Goals — you can pursue your individual goals based on your personal risk tolerance
  • Convenient — you get a well-diversified investment program in a single portfolio
  • Professionally Managed — portfolios are rebalanced regularly by trained professionals to keep your investment on track

Please note that AXA Strategic Allocation Portfolios entail fees and costs in addition to the fees and costs incurred in the Portfolios' underlying investment earnings.

Access to other portfolio choices
To supplement our proprietary lineup of EQ Advisors Trust and AXA Premier VIP Trust portfolios, many AXA Equitable variable products offer additional choices of manager brands and investment styles.  These portfolios do not include the "EQ" or "AXA" brand.  While AXA Equitable has no direct authority over the management and operations of these portfolios, we provide input through an analysis and selection of each portfolio.  Ongoing portfolio performance is also routinely monitored by our team of dedicated fund professionals

As many investors have learned, a portfolio manager can suddenly leave a firm, or deviate from his or her investment style in pursuit of short-term returns. Many times these changes occur without the investors’ knowledge, which could alter the course of a disciplined investment strategy.

That’s why our seasoned team of investment professionals continuously “manages the managers” once they have been selected. This is a dynamic process that holds each money manager accountable and keeps them focused on delivering consistent, long-term results.

Survivorship Incentive Life LegacySM variable universal life insurance is offered by prospectus. This information must be accompanied by a current prospectus which contains more information about the policy including risks, charges, expenses and investment objectives. You should read the prospectus and consider the information carefully before purchasing a policy.

1 Guarantees described herein are subject to the claims-paying ability of AXA Equitable Life Insurance Company. The guarantees do not apply to the investment portfolios.

2 Under current federal tax rules, you generally may take income-tax-free partial withdrawals under a life insurance policy that is not a Modified Endowment Contract (MEC) up to your basis in the contract. Additional amounts are includible in income. The IRS places a limit on how much money can go into life insurance premiums for the policy and how quickly such premiums can be paid in order for the policy to retain all of its tax benefits. If certain limits are exceeded, an MEC results. MEC policyholders may be subject to taxes on distributions to the extent there is gain in their policy and penalties on any taxable amount if they are not 59½ or older. Loans taken will be free of current income tax as long as the policy remains in effect until the last surviving Insured’s death, does not lapse, and is not an MEC (the exemption does not apply to non-natural owners).

Please note that outstanding loans accrue interest. Income-tax-free treatment also assumes the loan will eventually be satisfied from income-tax-free death benefit proceeds. Loans and withdrawals reduce the policy’s cash value and death benefit and increase the chance that the policy may lapse. If the policy lapses, is surrendered or becomes an 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.

3 All of the riders are subject to the terms and conditions of the rider. Not all riders may be available in all jurisdictions. Some states may vary the terms and conditions. There may be an additional charge associated with obtaining certain riders. Some riders may not be available in combination with other riders and/or policy features.

Life insurance is subject to exclusions, limitations and terms to keep it in force. Your financial professional can provide you with costs and complete details.Please be advised that this content is not intended as legal or tax advice. Accordingly, any tax information provided 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.

Certain types of contracts, features and benefits may not be available in all jurisdictions or may be different.

Survivorship Incentive Life LegacySM is a flexible premium second-to-die variable universal life insurance policy and is issued by AXA Equitable Life Insurance Company, New York, NY 10104, and is co-distributed by AXA Advisors, LLC and AXA Distributors, LLC (members SIPC, FINRA). AXA Equitable, AXA Distributors and AXA Advisors are affiliated companies and do not provide tax or legal advice.

Survivorship Incentive Life LegacySM is a service mark of AXA Equitable Life Insurance Company.

Policy form #08-100 or state variations

GE-93738 (05/2016)

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