- Fixed premiums
Simple protection for a limited time
If you only need life insurance for a certain number of years, or if cost is a prime consideration, Term may be right for you.
Term should be purchased as part of a thoughtful strategy because, over time, the cost of term premiums may exceed that of premiums on permanent insurance.
Two premium options
You can choose to pay fixed, level premiums for coverage for 1, 10 , 15 or 20 years, or premiums that increase each year.
Increasing premiums may be initially lower than our level premium policy, but may be higher in later years.
Pure protection at an affordable cost
Term life is the simplest form of life insurance. Coverage is for a specified period of time (the term).
Guaranteed level premiums
BrightLife® Term Series offers affordable premiums that are guaranteed to remain level for 10, 15 or 20 years, depending on which policy you choose. After the stated term, your premiums will increase annually, as shown in the policy. BrightLife® TermOne® is non-renewable and will expire after one year.
BrightLife® ART offers guaranteed premiums for first three policy years
BrightLife® ART (Annual Renewable Term) offers guaranteed premiums for the first three policy years. Premiums increase annually after policy year one, but will never exceed the guaranteed maximum premiums shown in the policy.
Convertible to permanent insurance
Term insurance cannot deliver all the benefits provided by permanent insurance, which offers:
- Lifelong protection
- The ability to accumulate cash value on a tax-deferred basis
Our term policies are convertible to one of our permanent life insurance products at the time of conversion with no medical examination or blood tests required. When you would like to convert, talk to your financial professional to see what is available to you.
If you exercise your conversion privilege, we’ll give you a credit towards the first premium on your new permanent policy so your out-of-pocket cost is reduced. The credit is increased for conversions occurring within the first five policy years.
The unused premium on BrightLife® TermOne® conversions will be refunded to the policy owner and there is no credit towards the new policy.
Living Benefits Rider (LBR)
Living Benefits Rider (LBR) — Included at issue for no additional premium, this rider allows the policy owner to receive a portion of the policy’s death benefit if the insured is diagnosed as terminally ill. Not available with BrightLife® TermOne®.
Currently available in all juridictions. State availability may change, and you should check with your financial professional for the latest state availability information. Terms may vary by state, check with your financial professional.
Choice of Riders
Depending on your current or anticipated future needs, you can tailor your BrightLife® Term Series policy by taking advantage of a selection of policy riders. Some riders are available for an additional charge, and all have restrictions and limitations. BrightLife® TermOne® offers no additional riders.
This is a general summary of the key provisions of our term life insurance policies; however, variations by jurisdiction may apply, and policyholders should refer to the actual policy for a complete description of applicable provisions.
Life Insurance is subject to exclusions, limitations and terms for keeping it in force. Your financial professional can provide you with costs and complete details.
Guarantees are based on the claim-paying ability of AXA Equitable Life Insurance Company, or MONY Life Insurance Company of America (MLOA).
Term products are issued by AXA Equitable Life Insurance Company (AXA Equitable), New York, NY 10104, or MONY Life Insurance Company of America (MLOA). Co-distributed by affiliates AXA Network, LLC and AXA Distributors, LLC.
BrightLife® and TermOne® are registered service marks of AXA Equitable Life Insurance Company, New York, NY, 10104.
Contract form #s: 150-54, 150-10, 50-15, 50-20, 149-51, ICC09-150-LT or state variations.
Life Insurance: • Is Not a Deposit of Any Bank • Is Not FDIC Insured • Is Not Insured by Any Federal Government Agency • Is Not Guaranteed by Any Bank or Savings Association