The History of AXA Equitable Life Insurance Company
AXA Equitable Life Insurance Company began in 1859, when a few of the most famous New York families met to form the Equitable Life Assurance Society. At the time, life insurance companies actually predicted the death rates of those who purchased the policies and paid out benefits based on those predictions. For example, lower rates would be charged for lower death rate predictions. Since life expectancies were shorter then, the premiums were lower. Today companies still use a similar concept, new business applications are assigned risk categories by underwriters. The underwriter studies the application to make sure the applicant’s health and lifestyle aren’t very risky. That is why age is so important, the older you get, the more thorough the underwriter will be to make sure they against paying more for death benefits.
The original Equitable Life Assurance Association served the insurance needs of New Yorkers from 1859 until 1859. While the focus was on peer-to-peer insurance throughout its first years, it began to focus more on group insurance, corporate insurance, and general insurance regulations.
AXA Equitable Life Insurance Company Review
Insurance is one of those things where you have to take a leap of faith if you ever want to be protected against lesser fortuity. You never really know how an agent is going to represent a certain insurance company, and you never know how a company is going to treat you when you have a claim.
In many ways, you just have to trust them.
But with AXA Equitable Life Insurance Company, you know you’re always going to get the best. As a publicly traded company, AXA Equitable has an obligation to its shareholders, but is also in the business of insuring lives. And they take this seriously.
AXA Equitable Life Insurance Company online, you’ll find two things that really shine through:
- High lifetime benefits (their term for monthly benefits) …
- A liberal reduction option (the ability to choose your own reduction amount)
These two things make AXA Equitable different than many of the other life insurance companies online.
Take a look at our AXA Equitable Life Insurance Company review video to get a better idea about the policy and the company.
Financial Strength and Ratings
AXA Equitable Life Insurance Company is rated A (excellent) by A.M. Best Co., A (excellent) by Standard & Poor’s, and AA- (very strong) by Moody’s.
AXA Equitable Life’s financial strength ratings are based on factors including profitability, asset quality, profitability, capitalization, operational performance, financial liquidity, and management. These factors are measured during the A.M. Best Company rating methodology (insured group, life, health and non-health, and reinsurance ratings), Standard & Poor’s Corporation rating methodology (life, health and non-health ratings), and Moody’s Investor Service rating methodology (life, health, and non-health ratings).
AXA Equitable Life’s financial strength ratings are subject to possible downgrades or upgrades in the future.
These ratings are an opinion and are not a recommendation to buy, sell, or hold AXA Equitable Life Insurance Company. Ratings may be subject to change at any time. Only you can decide if it’s best to buy, sell or hold AXA Equitable Life Insurance Company.
Life Insurance Products Offered By AXA Equitable
Term Life Insurance Coverage
Term life insurance is designed to protect you financially if you should die prematurely. The coverage ends when the term ends. After the term you can choose to renew the policy or get a new policy to cover another term. The premiums are lower than those for a whole life insurance policy.
Term life insurance is designed to cover the period until your children reach the age of 18, or until you retire depending on the situation. It will have a payout that you choose at the beginning of the policy. You can choose according to the cash needs of your family or any expenses that will crop up at that time. Term Life Insurance has a very low cost as compared to any other insurance policy and the coverage can be adjusted based on your needs. You can sell the term and still your family is guaranteed a death benefit.
You can choose to get a term life insurance policy with a cash value. You fund the cash value account with the premiums that you pay for the policy. The cash value account can be used as your money back at the expiry of your term insurance policy. The premium for this type of policy is higher than that of a regular term policy.
Permanent Life Insurance Coverage
As a relatively new player in the life insurance business, AXA Equitable is one of the best life insurance carriers with its policies.
AXA equitable life insurance is one of the best life insurance companies because of their unique policies and user friendly website. It is an online based life insurance carrier in which you can easily compare multiple plans at a time. The life insurance policy has permanent life insurance coverage.
AXA Equitables products work on a no exam basis because is does not ask for any physical checkup. Life insurance plans are offered by AXA Equitable life insurance company in various forms such us Term Life Insurance, Whole Life Insurance, Universal Life Insurance, and several other policies.
AXA Equitable life insurance has been identified as one of the top insurance carriers in life insurance providing a wide range of life insurance quotes for individuals and family. Most of their life insurance plans are available for free for life, have no exam and there is a generous policy death benefit.
Whole Life Insurance
Assuring the financial security of your family is one of the most important things you can do. This is why whole life insurance policies are one of the most popular life insurance options. Whole life insurance is also a type of permanent life insurance, as opposed to term life insurance that you buy for a specific length of time.
Permanent life insurance provides coverage for your family until its face value is exhausted and can be used to provide insurance on your spouse’s life, receive tax-deferred growth, and pay for estate taxes if you outlive your beneficiaries.
AXA Equitable Life Insurance Company is one of the leading providers of permanent life insurance and a leading provider of whole life insurance. Permanent life insurance is a particularly wise choice if you want to secure a financial legacy to leave to your children. Whole life insurance can help protect your family for many years to come and gives you the flexibility to make withdrawals or add premium.
AXA Equitable Life Insurance Company has been in business since 1859 and offers whole life insurance with a variety of plans to fit your specific needs. Advisors at AXA Equitable Life Insurance Company are available to answer any questions you may have, so be sure to contact them if you’d like a whole life insurance quote or to learn more about the benefits of whole life insurance.
Universal Life Insurance
Though AXA Equitable Life Insurance Company is one of the smaller companies in the industry, it stands out for the top-of-the-line benefits in its universal life insurance policy. AXA Equitable life insurance pays 100 percent of the premiums for life, meaning that the money you pay for premiums over the years comes back to you as benefits. This type of insurance is most beneficial to people who want to pay premiums as they go, gradually adding to their coverage for the long run.
AXA Equitable life insurance is a great way to invest in your own future. Though they promise a 100 percent return of your money, how you get the actual money back reflects what type of policy you purchase. You can get both inflation protection and additional insurance coverage, and you can pass the money on to your heirs. AXA Equitable Life Insurance Company promises the best financial future for customers by offering outstanding services. Following are the life insurance review considerations, fast facts and benefits:
Who is AXA Equitable Life Insurance Company?
AXA Equitable Life Insurance Company is a non-profit company that is the first giant to provide these products in their industry. Founded as a mutual life insurance company in 1859, AXA Equitable focuses on providing top-notch financial services that fit the needs of the customers. The company has a long history of providing life insurance policies with flexible benefits and costs.
Variable Universal Life Insurance
Many people ask about how to get the best insurance for their money. Whatever we may want to do in this life, obtaining life insurance is a common denominator. There are two main forms of life insurance: Term and Universal.
The term plan is your basic, probably your best choice if you are young and healthy. With this plan you will pay a low premium, but at the end of the term you will have to buy another one to protect your financial goals. Catch-22: If you need to use it, you are not going to be able to afford the premium.
The universal plan is another option. This type of plan is like having an investment checking account. You put money in, you can get it when you want it out. Once you agree, the premium balance will be re-invested in the investments of your choice. The premium is higher though than the term coverage.
With both plans, the premium will be calculated as a percentage of your life coverage and the amount of cash value you have accumulated. Some standard percentage premiums are:
- Risk group Age Premium
- A 0-20 90%
- A 21-50 120%
- A 51-59 175%
- B 20-34 115%
- B 35-44 140%
- B 45-59 225%
- C 0-10 150%
- C 11-19 210%
Other Coverage Products Available
AXA Equitable is more than just life insurance. If you’re not already protecting all of your family with good life insurance coverage, AXA Equitable has other policies available to help you secure your loved ones.
For children whose lives are just starting out, there’s dependent life insurance that can help protect their future opportunities and dreams. The purpose of this plan is to help pay for college or to provide financial assistance to an adult child or dependent who is no longer receiving financial support from any other insurance or annuity plan.
For parents who are concerned about helping out their adult children with day-to-day expenses, a term life insurance policy can be used to cover long-term health care needs.
How to Find the Best Life Insurance Premium Quotes on Coverage
For Individuals, Couples, Parents, Children and Families.
When comparing life insurance quotes today….
It is important to set realistic goals and prepare a plan in order to realize the most profitable life insurance premium quotes possible. No strategy is foolproof, but there are strategies which can help you get optimum coverage at minimum cost in a short window of time.
If you’re trying to secure the best life insurance premium quotes on life insurance for individuals, parents, children, and couples …. then get started today!
If your goal is to secure the best life insurance premium quotes on life insurance for entire families ….. then get started today!
TIP: It can be easier to get life insurance quotes if you are already in good health. If you have some sort of health condition or pre-existing condition …. then it might be even harder to get life insurance company quotes.