Protection for the lives you care about most

Pays a benefit to your loved ones to help replace income and cover costs if you should pass away

The right life insurance coverage can help protect your loved ones and help provide financial stability when they need it most.  They can use the benefit to replace income, fund a child’s education, pay off a mortgage or pay for everyday expenses.

  • What it does

    Provides certain financial protection for your loved ones during a specific period of time.

  • How it works

    Pays a lump-sum benefit if you should pass away. The benefit will go to your beneficiaries, who are the ones you selected to receive payments from your insurance plan. This benefit does not accumulate any cash value.

  • What it doesn't do

    Cover you for life. That's because term policies only provide protection for a specific number of years. Check with your benefits representative for your company's specific plan details.

Watch to find out how Life Insurance can help protect you

  • 70% OF US HOUSEHOLDS WITH CHILDREN UNDER 18

    Would have trouble meeting everyday living expenses within a few months if a primary wage earner were to die today.1

    1LIMRA Household Trends in U.S. Life Insurance Ownership, 2010 (this survey is conducted every 6 years).

  • Q & A

People buy life insurance to help protect their loved ones from financial hardship if they were to pass away. That’s because life insurance pays out a lump-sum of money to your beneficiaries (the people you designate to receive your insurance benefit) when you pass away. They can use that money to:

  • Replace lost income
  • Pay for final expenses, debts or estate taxes
  • Cover day-to-day living expenses

Many employers offer term policies. They are often affordable and pay a lump-sum benefit if you pass away during a specific period, such as 10 or 20 years.

Purchasing life insurance through your employer is often easier and more affordable than purchasing it on your own. For example:

  • You’ll pay group rates, which may be less than individual rates
  • Through an employer, life insurance is typically guaranteed issue, which means that you can get a certain amount of coverage without having to answer a lot of health questions or take a medical exam
  • Your premiums will be conveniently deducted from your paycheck

You’ll know that the plan was reviewed and selected by your employer, so you don’t have to do the research yourself.

Everyone is different, so you’ll want to consider your specific short- and long-term needs. For example, you may want to think about how much you’d need to cover burial and funeral expenses, how much your family would need to cover everyday living expenses if you should pass away, as well as future needs like college and retirement. Also, remember to factor in inflation – keeping in mind that everything will cost more in the future than it does today.

Life insurance may not cost as much as you think. Especially if you purchase it through your employer. Often employers will pay a portion of the Basic Term Life premiums for you, as an employee benefit.

Your premiums are based on factors like your age, sex, health status (including whether or not you smoke or use tobacco), and if you participate in high-risk occupations or activities. The type of policy you purchase will also affect how much you pay. Term policies often provide high quality coverage for low, affordable payments, while permanent policies will often have higher premiums.

You can have more than one policy, if you need it. It’s important to review your situation and your policies every year or so, to make sure nothing in your life has changed. For example, you might need to adjust your coverage if you recently:

  • Got married or divorced
  • Had a child or have children or grandchildren about to enter college
  • Bought a new home
  • Started providing care or financial assistance for a parent

Since life insurance is a long-term purchase – meaning, you hopefully won’t need it for a long time – you’ll want to make sure that the company that will provide the benefit is strong, stable and reliable. They should be financially secure, have a good claims-paying history, good customer service and competitive pricing.

Learn about AXA and our history

Yes, it does. If you pass away, the benefit payment your beneficiaries will receive is paid to them income tax-free. That means, they don’t have to pay taxes on the money they receive. We cannot provide any tax or legal advice. Please seek professional advice.

Most term life insurance policies are simple and straightforward, and will pay the benefit quickly if you pass away. Some plans have exclusions for circumstances such as a suicide. See your plan’s specific details and exclusions.

Whoever you designate as your beneficiary or beneficiaries will receive the benefit payment(s) if you should pass away.

Because that is the best way to make sure your life insurance benefit goes to the person you want it to go to.

You can name your spouse, a close relative, child(ren), an estate or trust as beneficiary to your policy.

  • If you name a minor child, a custodian agreement or trust should be in place to ensure that all the proceeds can be paid promptly.
  • A trust can be named beneficiary in order to protect minor children, but there may be tax consequences, so make sure you talk to your financial professional.
  • If you name your estate, keep in mind that the life insurance proceeds cannot be released until the estate has gone through probate.

NEW MEXICO RESIDENTS: Please be advised that this Suite of Insurance Products section of our website is not currently directed to, applicable to, or intended for any person residing in the state of New Mexico. 

The policy has limitations and exclusions.  Optional riders and/or features may incur additional costs.  Plan documents are the final arbiter of coverage.   Policy Form/Contract ICC15 AXEBP15LI; ICC15 MOEBP15LI; MOEBP15LI; AXEBP15LI and State Variations. 

AXA S.A. is a French holding company for a group of international insurance and financial services companies, including AXA Equitable Financial Services, LLC.  (AEFS).  *"AXA" is the brand name of AEFS and its family of companies, including AXA Equitable Life Insurance Company (AXA Equitable) (NY, NY), MONY Life Insurance Company of America (AZ stock company, admin. office: Jersey City, NJ) (MONY America), and AXA Distributors, LLC.  All group insurance products are issued either by AXA Equitable or MONY America, which have sole responsibility for their insurance and claims-paying obligations.  Some products are not available in all states.

GE-116932 (05/2017)

Image used for Space here