AXA Announces Alternate Loan Option on BrightLife® Grow

Media Contacts:

John Cline
(212) 314-5142
Jennifer Recine
(212) 314-2009

August 1, 2017

NEW YORK – AXA US, a leader in providing financial security and retirement products, announced today that an Alternate Loan option1 will now be included with all new issues of its BrightLife® Grow accumulation Indexed Universal Life policy.

BrightLife® Grow provides the potential for tax-deferred growth while being able to access the policy’s cash surrender value tax-free through loans and withdrawals2, if needed for important financial goals or to help maintain quality of life in retirement. It provides a way to build more cash, now even while taking a loan.

“The Alternate Loan option on BrightLife® Grow is our latest product offering providing clients with options and features to best suit their needs – now and as those needs may change,” said Michel Roscoe, Head of Life Product Development for AXA in the US. “It delivers additional flexibility, allowing clients to align loan collateral with their investment goals, with the loan following their investment direction, not dictating it.”

The Alternate Loan option allows clients to benefit from the upside potential of index-linked performance while taking a loan. Market exposure can be increased or decreased while taking an Alternate Loan, using an account with a declared fixed interest rate and/or indexed accounts. The loan will automatically align with investment choices, allowing clients to focus on the right policy allocation. 

Additionally, a variety of other features can be added to BrightLife® Grow to tailor the policy to the client’s specific needs or intentions, including our Long-Term Care ServicesSM Rider.3 One of the most competitive and flexible long-term care riders in the industry, Our Long-Term Care ServicesSM Rider requires no receipts; has features that may help clients keep pace with rising long-term care costs; doesn’t allow the policy to lapse while claims are being paid; and allows a client’s condition to be temporary.4

1 The Alternate Loan option is available after the 3rd policy year and currently not available in New York, pending approval

2 Policy loans and withdrawals will reduce the face amount and cash value of the contract. Clients may need to fund higher premiums in later years to keep the policy from lapsing.

3 The Long-Term Care ServicesSM Rider does have an additional cost and is subject to restrictions and limitations. Clients may qualify for life insurance, but not for the Long-Term Care ServicesSM Rider.

4 Not applicable in CT and NY.

BrightLife® Grow is a flexible premium universal life insurance policy with index-linked interest options. Life insurance is subject to exclusions and limitations and terms for keeping it 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, refer to the Product Specifications.

BrightLife® Grow 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 (MLOA), an Arizona Stock Corporation, with main administrative office in Jersey City, NJ. MLOA is not licensed to do business in NY and PR. It is co-distributed by affiliates AXA Network, LLC (AXA Network Insurance Agency of California, LLC in CA; AXA Network Insurance Agency of Utah, LLC in Utah; AXA Network of Puerto Rico in PR) and AXA Distributors, LLC. AXA Equitable, MLOA, AXA Network, LLC and AXA Distributors, LLC are affiliated companies and do not provide tax or legal advice. Clients should rely on their own advisors for these matters.

BrightLife® is a registered service mark of AXA Equitable Life Insurance Company.

Policy form #ICC 15-300 or state variations. Rider form #ICC15-R15-140 or state variations.

About AXA

“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. In business since 1859, AXA Equitable Life Insurance Company is a leading financial protection company and one of the nation’s premier providers of life insuranceannuity, and financial products and services distributed to individuals and business owners through its retail distribution channel, AXA Advisors, LLC (member FINRA, SIPC) and to the financial services market through its wholesale distribution channel, AXA Distributors, LLC.

AXA S.A. is a Paris-headquartered holding company for a group of international insurance and financial services companies, including AXA Equitable Financial Services, LLC companies. AXA S.A. is a worldwide leader in financial protection strategies and wealth management with 103 million clients in 64 countries as of Dec. 31, 2016. AXA S.A. has been ranked the No. 1 insurance brand in the world by Interbrand for eight consecutive years as of year-end 2016.

The obligations of AXA Equitable Life Insurance Company and MONY Life Insurance Company of America are backed solely by their own claims-paying ability. Find AXA on FacebookTwitter and LinkedIn. For more information, visit


GE-127983 (08/2017)

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