- Permanent protection
- Flexible premiums
For those who want a permanent life insurance policy, but are concerned about being able to afford premiums, BrightLife® Protect may be an appropriate strategy.
BrightLife® Protect features a lower cost structure than many comparable life insurance products, making it one of the most affordable products currently on the market.
Permanent life insurance protection
BrightLife® Protect is a flexible universal life insurance policy that can grow with you, your family and/or your business. At every age, at every stage, it can provide the financial protection you need and the additional growth potential you may need to address a variety of objectives.
Not only does its lower-cost structure provide the affordable protection you need now, but its potential for cash accumulation may give you the opportunity to make your protection even more affordable over time. The No Lapse Guarantee Rider (NLG), which has no cost to the policy owner, guarantees that your policy will not terminate for the lesser of 15 years or the number years from issue to age 90 of the insured, or before a certain date if certain specified amounts of premium are paid and any policy loan plus accrued loan interest do not exceed the Cash Surrender Value.
Interest rate crediting
The interest rate that AXA Equitable credits to the Fixed Account is declared periodically. The interest rate that is credited to the Select Account is an index-linked interest option which is reflective of the performance of the S&P 500®*, subject to a cap and a 0% floor on performance.
Premium payments are flexible. After the initial payment, you can choose the amount and timing of your premium payments (subject to certain minimums and maximums).
Access to cash values1
You can access your cash surrender value, through loans and withdrawals, potentially free of current income tax as long as the policy stays in force until the Insured’s death. A loan may be taken anytime after issue. There is a minimum loan amount of $500.
Death benefit options
BrightLife® Protect 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 riders2
Depending on your current or anticipated future needs, you can tailor your BrightLife® Protect policy by taking advantage of a selection of policy riders that are available for an additional cost.
*S&P®, Standard & Poor's®, S&P 500® and Standard & Poor's 500TM are trademarks of Standard & Poor's and have been licensed for use by AXA Equitable. BrightLifeSM Protect is not sponsored, endorsed, sold or promoted by Standard & Poor's and Standard & Poor's does not make any representation regarding the advisability of investing in the product.
1 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 on an income-first basis, that is, to the extent there is gain in the 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 insured’s death, does not lapse, and is not an MEC.
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. In addition, withdrawals, policy loans and any accrued loan interest may cause your policy to lapse even if you are in a period of coverage under the No Lapse Gurantee Rider. Speak to your financial professional before taking any withdrawals or policy loans.
2 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.
The material is not a complete description of all the material provisions of the BrightLife® Protect policy. Please refer to the product brochure and the actual policy for more complete information.
All guarantees are based on the claims-paying ability of the issuing Insurance Company, either AXA Equitable Life Insurance Company or MONY Life Insurance Company of America.
Please be advised that this content is based on our general understanding of federal income tax rules for U.S. individuals and is not intended as legal or tax advice. Accordingly, any tax information provided in this content 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.
BrightLife® Protect is issued in New York and Puerto Rico by AXA Equitable Life Insurance Company (AXA Equitable), New York, NY 10104, and in all other jurisdictions by affiliate MONY Life Insurance Company of America (MONY America), an Arizona Stock Corporation, with main administrative office at 1290 Avenue of the Americas, New York, NY 10104. Co-distributed by affiliates AXA Network, LLC and AXA Distributors, LLC, AXA Equitable, MONY America, AXA Network and AXA Distributors are affiliated companies and do not provide tax or legal advice.
BrightLife® Protect is a flexible premium universal life insurance policy with an index-linked interest option. These policies have limitations. Certain types of policies, features and benefits may not be available in all jurisdictions or may be different. For costs and complete details of coverage, contact your financial professional.
BrightLife® Protect is registered to AXA Equitable Life Insurance Company, New York, NY 10104.
BrightLife® Protect is issued by AXA Equitable Life Insurance Company (AXA Equitable), New York, NY.
"AXA" is a brand name of AXA Equitable Financial Services, LLC and its family of companies, including AXA Equitable Life Insurance Company (NY, NY), MONY Life Insurance Company of America (AZ stock company, administrative office: Jersey City, NJ), AXA Advisors, LLC, and AXA Distributors, LLC. AXA S.A. is a French holding company for a group of international insurance and financial services companies, including AXA Equitable Financial Services, LLC. This brand name change does not change the legal name of any of the AXA Equitable Financial Services, LLC companies. The obligations of AXA Equitable Life Insurance Company and MONY Life Insurance Company of America are backed solely by their claims paying ability.
Policy form # ICC11-12-100,12-100 or State Variation
1290 Avenue of the Americas, New York, NY 10104, (212) 554-1234