AXA Equitable unveils variable universal life insurance product

Apr 23, 2010 (Datamonitor via COMTEX) -- AXA Equitable Life Insurance Company has introduced its new variable universal life insurance product, Market Stabilizer Option.

AXA said that with the Market Stabilizer Option (MSO) on its Incentive Life Optimizer product, AXA Equitable offers both policy growth potential and downside protection. The MSO is a policy investment option that offers a rate of return tied to the S&P 500 Price Return index, up to a growth cap.

It also provides a downside buffer of up to 25% if there is a decline in the performance of the index. The growth cap and downside buffer work in tandem to capture a portion of the index's upside potential while protecting policy values from the adverse effects of volatility.

AXA Equitable's MSO, an optional feature available for an additional fee, is offered in addition to more than 50 other investment options currently available with IL Optimizer. Gains from other policy investment portfolios can be swept into a new MSO segment, without triggering a taxable event, the company added.

Christopher Condron, chairman and CEO of AXA Equitable, said: "The last two years have been among the most turbulent periods ever for equity investors. The related economic insecurity has actually increased consumer awareness of the need for life insurance. We're pleased that our Incentive Life Optimizer MSO now offers in one product a way to help shield clients from significant loss while also easing them back into equity-based investing."

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