AXA Equitable Life Insurance Company has been in business since 1859, when it was started by Henry Hyde. It was formally known as The Equitable Life Assurance Society of the United States and was set up in New York City. The company claims to have been an earlier developer in annuity concepts because it introduced a deferred annuity product called "tontines" in 1868.
Today, it is a leading financial company that offers life insurance and investment products and services in addition to annuities to clients in the United States. The company is still based in New York City. Its corporate headquarters are in midtown Manhattan, and it is still making business achievements. For example, AXA was the first insurance company to pay death claims immediately and the first to sell variable annuities and variable life insurance. These are just a few of the "firsts" for the company.
AXA offers products to financial professionals, to the financial services market, and to corporations and their employees. Since its creation, the company has been committed to helping people with their financial future.
In the United States, the insurance group; is part of AXA Financial which in turn is part of the global AXA Group which is a French holding company which has operations in Europe and the Asia/Pacific region as well as the United States. AXA Equitable Life Insurance Company is an indirect, wholly-owned subsidiary of AXA.
AXA Group is the 15th largest company in the world. The company has over 50 million clients in over 50 countries. The group obtained a controlling interest in The Equitable Life Assurance Society of the United States in 1991, and obtain the remaining shares in 2000. The total assets under the company's management are worth over $650 billion.
AXA is committed to helping the communities in which it operates in. The AXA Foundation in the charitable organization of the company. The main program that the Foundation operates is AXA Achievement which proves funding and advice for college students. In a year, the Foundation funds more than $1.3 million in scholarships.
AXA offers three annuity products to its customers - two variable annuities and one fixed annuity. The products and the key features are as follows:
Variable Annuities
* The Accumulator Series: offers income and withdrawal benefits and a large selection of investment choices.
* The EQUIVEST Series: provides the opportunity to build long-term wealth through grown opportunities. This product also proves protection against market volatility.
Fixed Annuity
* Guaranteed Growth Fixed Annuity: guarantees the principle.
All AXA annuities can have optional beneficiary and spousal benefits. With beneficiary benefits, death benefits are paid directly to the named beneficiary. Spouse beneficiaries are given the option to continue the annuity contract.
The independent ratings agencies have given the ratings, as of March 2009, listed below to AXA.
* A.M. Best: A+, Superior, 2nd highest rating
* Fitch: AA-, Very Strong, 4th highest rating
* Moody's: Aa3, Excellent, 4th highest rating
* Standard & Poor's: AA, Very Strong, 3rd highest rating.
Today, it is a leading financial company that offers life insurance and investment products and services in addition to annuities to clients in the United States. The company is still based in New York City. Its corporate headquarters are in midtown Manhattan, and it is still making business achievements. For example, AXA was the first insurance company to pay death claims immediately and the first to sell variable annuities and variable life insurance. These are just a few of the "firsts" for the company.
AXA offers products to financial professionals, to the financial services market, and to corporations and their employees. Since its creation, the company has been committed to helping people with their financial future.
In the United States, the insurance group; is part of AXA Financial which in turn is part of the global AXA Group which is a French holding company which has operations in Europe and the Asia/Pacific region as well as the United States. AXA Equitable Life Insurance Company is an indirect, wholly-owned subsidiary of AXA.
AXA Group is the 15th largest company in the world. The company has over 50 million clients in over 50 countries. The group obtained a controlling interest in The Equitable Life Assurance Society of the United States in 1991, and obtain the remaining shares in 2000. The total assets under the company's management are worth over $650 billion.
AXA is committed to helping the communities in which it operates in. The AXA Foundation in the charitable organization of the company. The main program that the Foundation operates is AXA Achievement which proves funding and advice for college students. In a year, the Foundation funds more than $1.3 million in scholarships.
AXA offers three annuity products to its customers - two variable annuities and one fixed annuity. The products and the key features are as follows:
Variable Annuities
* The Accumulator Series: offers income and withdrawal benefits and a large selection of investment choices.
* The EQUIVEST Series: provides the opportunity to build long-term wealth through grown opportunities. This product also proves protection against market volatility.
Fixed Annuity
* Guaranteed Growth Fixed Annuity: guarantees the principle.
All AXA annuities can have optional beneficiary and spousal benefits. With beneficiary benefits, death benefits are paid directly to the named beneficiary. Spouse beneficiaries are given the option to continue the annuity contract.
The independent ratings agencies have given the ratings, as of March 2009, listed below to AXA.
* A.M. Best: A+, Superior, 2nd highest rating
* Fitch: AA-, Very Strong, 4th highest rating
* Moody's: Aa3, Excellent, 4th highest rating
* Standard & Poor's: AA, Very Strong, 3rd highest rating.
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