AXA Equitable Unveils Crossings(SM): My Lifeti...(sive education and ongoingsupport for la...),Health

"The core of the Crossings(SM) solution is a variable deferred annuity designed to turn retirement plan assets from defined contribution plans, such as 401(k)s and lump sum defined benefit plans, into a guaranteed annual income stream -- regardless of underlying investment performance -- for as long as the retiree lives," added Mr. McDermott. "That's the Crossings guarantee."

Crossings(SM) also allows the individual to choose from a menu of five asset allocation portfolios, ranging from conservative to aggressive. Each portfolio uses a "fund of funds" approach to allocate its assets across multiple asset classes and investment styles using a number of underlying funds. The underlying funds use active management as well as passively-managed strategies and ETFs. The individual's Guaranteed Annual Payment, or GAP, can increase if the individual defers payments, or if investment gains drive the value of the individual's account above the initial rollover value. But the Guaranteed Annual Payment will never decrease, regardless of investment performance as long as an individual does not make withdrawals in excess of the GAP amount in any contract year. Other attractive features include relatively low costs; and the ability for contract owners to maintain access to the account balance if and when they need it.

Along with the product, AXA Equitable's Corporate Markets is providing fact-based education and ongoing support to employees before, at and after retirement delivered through work-site seminars, web-based tools and individual counseling accessible via a service support call center. Additionally, individuals specifically trained to support the large corporate market, will be available at the work-site to provide employees additional one-on-one education and counseling.

"Employers invest significantly in retirement security over the course of an employee's career; ye
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