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 4 Positive Reviews –  2 Negative Reviews |
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Facts, Reviews & Ratings
Visit AXA’s Website to learn more:
- Emphasis on Variable Annuities
- 16,500 individual U.S. agents
- Serving people since 1859
- Assets under management 519 billion as of June 30, 2009
- A+ Rating with AM Best
In business since 1859, AXA Equitable Life Insurance Company (formerly The Equitable Life Assurance Society of the United States) is a leading financial protection company and a premier provider of life insurance, annuity, and investment products and services. AXA Equitable’s assets under management totaled $519 billion as of June 30, 2009.
The company’s products and services are offered:
- To consumers by financial professionals through its retail distribution channel, AXA Advisors, LLC
- To the financial services market through its wholesale distribution channel, AXA Distributors, LLC
- To corporations and their employees through its corporate distribution channel, Corporate Markets.
In addition, AXA Equitable and AllianceBernstein, L.P. are affiliated companies; AllianceBernstein is one of the largest publicly-traded global asset management firms in the world.
AXA Equitable is a subsidiary of AXA Financial Inc., which is part of the global AXA Group, a worldwide leader in financial protection strategies and wealth management. AXA Group’s operations are geographically diverse, with major operations in Europe, North America, and the Asia/Pacific region.1
Citations: 1) http://www.axa-equitable.com/axa/about-axa-equitable.html
An AXA rep came to my school’s campus and told me they represented our district’s HR and that if I wanted to have a retirement plan I had to do it through them. ……. Now that I know how dumb I was to believe them I can’t move my policy to another company without being charged 6%, after the rep repeatedly telling me that I could move the funds at any time without penalty…. I am pissed that this guy was allowed on campus, and more so that a business would target new teachers to take advantage of. He met with all of the new teachers on our campus and 9 of us signed up and are now stuck. On top of this, the funds we were “advised” to invest in have plummeted and the fees the company charges are insane.
I just signed up for the Retirement Cornerstone AXA Annuity. I like that it works like a mutual fund with an annuity shell. And it lets me take my gains or any amount from the fund side and move it to a guaranteed account whenever I want. I also like that my guaranteed interest rate changes with the current economic conditions – not stuck in today’s poor interest rate environment. The fees are similar to my account managed at Morgan-Stanley.
I purchased an AXA Accumulator Annuity in 2009 after my investments took a beating in the market. They told me that I would be able to get the upside of the market and I would have a six percent guarantee. Doesn’t that sound great, I thought so! What I didn’t get was that my cash in the annuity wasn’t really guaranteed — and the charges AXA takes out of my cash account are HUGE! They are charging me almost 4% in fees every year! I thought my guarantee would offset my fees – nope! my supposed 6% guarantee is in an account that only guarantees income – so in order to make this account worth anything I have to use it for an income. Sounds nice but between the market and the fees my account is getting killed in 2010. I can’t wait to get this account out of surrender and then take it somewhere I cannot lose any of my principal – if I have any left.
Before you invest here make sure you know how this thing really works.
We compared AXA and Prudential pretty close it is so confusing it really came down to trusting our advisor they are probably both good. We are very pleased.
Really happy with our Axa annuities the balance is down but hopefully not for long. We like the income guarntees regardless of what the markets do.
I did not like what AXA had to offer. I like annuities but to me the purpose of an annuity is to protect my money not risk it in the stock market so I went with American Equity I like there 10%bonus and my principal is safe not at market risk!
Did my research compared and compared spent over a year making the decision Axa gave me a market advantage with better guarntees from a solid company. I have no second thoughts I would do it again without a second thought.
Axa is i foreign company and I like American companies so Axa is out for me.