• Robust investment options
  • Accumulation potential
  • Flexible premiums
  • Protection with growth potential

    Incentive Life Optimizer® II is designed to provide life insurance protection with the potential for cash value accumulation through investment portfolios. 

    You can choose how a portion of 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.

  • Partial downside protection

    You can also choose to invest a portion of your premiums in AXA Equitable's innovative investment option, the Market Stabilizer Option®. 

    The MSO offers growth potential (up to a cap) as well as some downside protection, which may help you to manage volatility in your variable life insurance policy.  Managing volatility can help reduce or potentially eliminate losses.

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

Life insurance protection

Incentive Life Optimizer® II is a variable universal life insurance contract with the primary purpose of providing a death benefit.  It is a long-term financial product that can also allow potential cash value accumulation through professionally managed investment portfolios.  These portfolios are closely managed in seeking stated investment objectives. 

There are fees and charges associated with Incentive Life Optimizer® II including mortality and expense risk charges, administrative fees, investment management fees, surrender charges, and charges for optional riders  Additionally, Incentive Life Optimizer® II and its riders have restrictions and limitations.

Growth potential: variable investment options 

Incentive Life Optimizer® II offers you the opportunity to direct how a portion of your premium payments are invested among a wide array of stock, bond, international and money market subaccount investment options. 

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

Variable 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. 

Market Stabilizer Option® (MSO)

Our innovative investment option, the Market Stabilizer Option® offers growth potential (up to a cap) with some downside protection, which may help you to manage volatility in your variable life insurance that can help reduce or potentially eliminate losses.

By reducing volatility in your variable life insurance, the Market Stabilizer Option® can provide a level of comfort at times when the market is unpredictable. The Market Stabilizer Option® has a charge of 1.40%. It may not be an available investment option with all riders. Also, it may be impacted when certain riders are exercised. It is subject to risk of substantial loss of principal. Please consult the prospectus for additional details.Incentive Life Optimizer® II and the Market Stabilizer Option® are sold by prospectus only that includes complete information on investment options, charges, and expenses.  You should read it carefully before investing or sending money.  Please use the link below to read the current prospectus.

Premium flexibility

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

No-Lapse Guarantee (NLG)

The No-Lapse Guarantee (NLG) provision guarantees that your policy will not terminate before a certain date if certain specified amounts of premium are paid and any policy loan plus accured loan interest does not exceed the Policy Account Value. The length of your policy's guarantee period will range from 5 to 20 years depending on the Insured's age when we issue the policy. Please read the prospectus for limitations on this guarantee.

Enhanced No-Lapse Guarantee (ENLG)

If you select the Enhanced NLG rider, you will continue to have access to the growth potential of the market. Your net premium dollars must be allocated among the five AXA Strategic Allocation Series Portfolios. With the Enhanced NLG rider, you eliminate the risk of your policy lapsing due to poor investment performance during the Enhanced NLG period which lasts between 15 to 30 years, so you can have the comfort of knowing that your death benefit would be there when your loved ones need it.

Please note that the Enhanced NLG is an optional benefit that can be elected only at policy issue and for no additional charge. This benefit provides a longer guarantee period than the automatic NLG. Specified premiums must be paid and withdrawals, unpaid policy loans and any unpaid accrued loan interest may cause your policy to lapse even if you are in a period of coverage under the Enhanced NLG.

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. 

Please read the prospectus for limitations on this guarantee.

Death benefit options

Incentive Life Optimizer® II 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. Death benefit option changes from A to B are available beginning in policy year three and from B to A beginning in policy year six. There is no change for these changes.Changes in the death benefit option are available at no charge after the second policy year.

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.

Potential earnings within the Incentive Life Optimizer® II 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.1

Choice of riders

Depending on your current or anticipated future needs, you can tailor your Incentive Life Optimizer® II 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 or fact card above.

Incentive Life Optimizer® II variable insurance is offered by prospectus. Please consider the charges, risks, expenses, and investment objectives carefully before investing. For a prospectus containing this and other information, please click the tab to the right or contact your financial professional. Read the prospectus and consider this information carefully before you invest or send money.

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.

You should consider the charges, risks, expenses, and investment objectives carefully before investing.  Please click the link at the top of this page to download the product prospectus, which contains this and other information.

Variable products are issued by AXA Equitable Life Insurance Company (NY, NY) and are co-distributed by affiliates AXA Advisors, LLC and AXA Distributors, LLC.


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, a 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 Insured's death, does not lapse, and is not a Modified Endowment Contract.

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 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.

Guarantees are based on the claims-paying ability of AXA Equitable Life Insurance Company. The guarantees do not apply to the investment portfolios.

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.

Incentive Life Optimizer® II a flexible premium variable universal life insurance policy, is issued by AXA Equitable Life Insurance Company, New York, 10104, and is co-distributed by AXA Advisors, LLC (member SIPC) and AXA Distributors, LLC. AXA Equitable and AXA Advisors are affiliated companies and do not provide legal or tax advice.

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.

This is not a complete description of the Incentive Life Optimizer II contract.

Incentive Life Optimizer®II and Market Stabilizer Option® are registered service marks of AXA Equitable Life Insurance Company.

Policy form #08-ICC 10-11 or state variations

GE-90414 (08/2014)

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