The diverse benefits of life insurance

familyWomen have made tremendous strides in the workforce, and their earning power is at an all-time high. However, this greater economic power also means more responsibilities. Purchasing a life insurance policy is one small, manageable step you can take to protect yourself, your family and your wealth.

 

What life insurance can do for you and your goals

When considering life insurance, it’s important to understand how each product’s benefits can address your needs. Did you know life insurance can do more than pay out a death benefit? With the right products, you can use your life insurance policy to not only protect what matters most, but achieve your financial goals. Life insurance can:

Provide peace of mind

If something were to happen to you, your life insurance policy would provide your family or beneficiaries with a lump sum death benefit. This money can cover funeral expenses, mortgage payments, outstanding debts or medical expenses. It can also help pay bills and generate income for your family or beneficiaries. Knowing those you love most will be taken care of if something happens to you is the greatest benefit of all.

Help pay for college educations or secure your spouse or partner’s retirement1

With permanent life insurance, part of your premiums are invested, and some can be borrowed tax-free for retirement and college. Plus, these life insurance cash values aren’t included in calculations for college financial aid, so they won’t interfere with your qualifications.

Provide living benefits you can use during your lifetime

As you pay the premiums of a permanent life policy, the cash value builds and you can access those funds via policy loans. You can use these tax-free withdrawals to buy a home or even supplement your income without increasing your tax bracket. Also helpful, withdrawals and loans from life insurance policies are exempt from Medicare surcharges. Something to keep in mind: loans accrue interest and decrease the policy’s death benefit and cash value.

Leave a lasting legacy

Life insurance can create a financial legacy for your kids, spouse or partner, or even a charity.

Choosing a product

AXA offers an array of life insurance products built to address your needs. So whether you are interested in an affordable permanent life insurance policy or building cash value while providing protection for your family, AXA’s selection of products can address your needs.

As a strong woman with growing economic power, it’s important to take steps to protect yourself, your family and your wealth. Your AXA financial professional can help you decide the products that are right for your specific needs and goals.

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Life Insurance: is not a deposit of any bank; is not FDIC insured; is not insured by any federal government agency; is not guaranteed by any bank or savings association.

1. Withdrawals and loans from life insurance policies may be subject to fees, penalties, and income taxes depending on the specific life insurance policy and the policyholder’s tax situation. Withdrawals reduce the policy value and death benefit. Loans taken from the policies also accrue interest, which will further decrease the policy's cash value and death benefit.

Life insurance and annuities are issued by AXA Equitable Life Insurance Company (AXA Equitable) and by various unaffiliated carriers through AXA Network, LLC and its subsidiaries. Co-distributed by AXA Distributors, LLC and AXA Advisors, LLC, members FINRA, SIPC.AXA Equitable, AXA Network, AXA Distributors and AXA Advisors are affiliated companies. All guarantees are based on the claims-paying ability of AXA Equitable. The guarantees do not apply to the investment portfolios. AXA Financial, Inc. and its subsidiaries do not provide tax or legal advice.

This material is provided for informational purposes only. Please consult your tax and/or legal advisors regarding your particular circumstances.

GE-117271 (07/2016)

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