AXA Equitable Salutes Theodore Krause, CLU, on His 100th Birthday

NEW YORK, Aug. 23, 2011 /PRNewswire/ -- AXA EquitableLife Insurance Company released a short video documentary celebrating Theodore Krause, CLU, the organization's oldest active financial professional. Krause began his career in 1947 as a life insurance agent with the firm, then known as The Equitable Life Assurance Society of America. He still works with clients every day.

"Ted has long impressed his peers with his dedication to his clients and high standards for professional excellence," said David Karr, a divisional executive vice president for AXA Advisors in the Philadelphia area and Krause's manager. "His enthusiasm for life and his commitment to family, community and clients serve as inspiration for us all."

In a candid interview, Krause reflects on his successful 65-year life insurance career, why he remains engaged in helping people with their financial needs, and why he has no plans to retire. Krause also shares how he and his wife, Sarah, 101 years old, planned for and enjoy their longevity together.

"Ted Krause has been helping people protect against loss and prepare for the future for a significant part of our company's 152-year history," said Andrew McMahon, president of AXA Equitable. "Through bull and bear markets and economic booms and busts, Ted has steadily advised his clients, their children and now grandchildren on preparing for a financially secure future."

Planning for 100 years of living is increasingly important. The United States has the most centenarians in the world. In 2010, according to the U.S. Census Bureau, more than 70,000 people were aged 100 or older. That number is expected to more than double to 200,000 in the next 20 years and triple from that level to more than 600,000 by 2050. More than half of the babies born today in wealthy countries, including the United States, can expect to live to age 100, according to an article published in The Lancet medical journal*.

"Ted and his wife are living proof that it is important to prepare for the long term," McMahon said. "In today's challenging environment, Ted's professional perspective and personal experience on financial planning is invaluable."

The video captures Krause's perspective on preparing for the unexpected, weathering market volatility, keeping up with the times, and staying educated. In documentary style, the camera follows Krause on a typical workday, from punctual arrival at the office to his regular midday swim at the local YMCA.

To access the video, please visit The Source, AXA Equitable's multi-media website that provides information and thought leadership on a wide array of financial protection and retirement planning topics. The video can also be viewed on AXA Equitable's Facebook page.

Please note that the comments made in this video are not intended as investment or securities advice and do not constitute an offer or solicitation of any kind. 

About AXA Equitable

In business since 1859, AXA Equitable Life Insurance Company (NY, NY) is a leading financial protection company and one of the nation's premier providers of life insurance, annuity, and financial products and services. The company's products and services are 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. Find AXA Equitable on Facebook and Twitter or visit the company's multi-media newsroom The Source @ AXA Equitable.

Theodore Krause is a financial professional who offers securities through AXA Advisors, LLC (member SIPC) and offers the annuity and life insurance products of AXA Equitable Life Insurance Company (NY, NY) and those of unaffiliated carriers through AXA Network, LLC and its insurance agency subsidiaries AXA Advisors, AXA Network, and AXA Equitable are affiliated companies.

AXA Equitable, a subsidiary of AXA Financial Inc., is part of the global AXA Group, a worldwide leader in financial protection strategies and wealth management. "AXA Group" refers to AXA, a French holding company for an international group of insurance and financial services companies together with its direct and indirect consolidated subsidiaries. For more information, visit www.axa-equitable.com.

*"Ageing populations: the challenges ahead," The Lancet, Volume 374, Issue 9696, October 3, 2009

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SOURCE AXA Equitable