- Fixed premiums
Predictability and Certainty
For some, predictability and certainty are most important when purchasing life insurance — having fixed premiums that will never increase and guaranteed minimum cash value accumulation.
If that sounds like you, then Interest Sensitive Whole LifeSM may be the right strategy.
Its cash value:
- Increases each year and will equal the face amount when the Insured reaches age 100
- Can never be decreased or impacted by economic conditions so long as the fixed premiums are paid
You can access your cash value through a policy loan or withdrawal1.
Permanent life insurance protection
Interest Sensitive Whole LifeSM is a guaranteed fixed premium permanent life insurance policy with a Guaranteed Minimum Cash Value that increases each year and equals the Face Amount at age 100. The Policy Account Value may be enhanced by additional interest credited at current rates.
Competitive interest rate and non-guaranteed customer loyalty credit
The interest rate that AXA Equitable credits to the Interest Sensitive Whole LifeSM Policy Account Value is declared periodically. For more detailed information, please refer to the fact card below.
The policy's required premium is guaranteed for life. It can never be increased.
Access to cash values1
You can access cash 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. For more detailed information, including possible surrender charges, please refer to the fact card below.
Guaranteed cash value
The Guaranteed Cash Value (less any outstanding loan and accrued loan interest) is the minimum your Cash Value can be. After the first few policy years and through the rest of the Insured's lifetime, as long as required premiums are paid, your policy's Guaranteed Cash Value increases. This Guaranteed Cash Value:
- Can never be decreased (unless there is a loan on the policy) or impacted by economic conditions
Equals the policy's Face Amount at the Insured's age 100
Choice of riders2
Depending on your current or anticipated future needs, you can tailor your Interest Sensitive Whole LifeSM policy by taking advantage of a selection of policy riders. There is an additional cost for certain riders. For more information, please refer to the fact card.
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 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 a 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 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.
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.
All guarantees are based on the claims-paying ability of AXA Equitable Life Insurance Company.
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.
Interest Sensitive Whole LifeSM is a guaranteed fixed premium permanent life insurance policy. These policies have certain limitations and terms for keeping them in force. 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.
Interest Sensitive Whole LifeSM is issued by AXA Equitable Life Insurance Company (AXA Equitable), New York, NY.
Policy form #149 – 56 or state variation
1290 Avenue of the Americas, New York, NY 10104, (212) 554-1234
This content is not a complete description of the Interest Sensitive Whole Life product.