AXA Equitable Unveils Crossings(SM): My Lifeti...(t that security is dependent on the indi...),Health

Date:4/1/2008

t that security is dependent on the individual's decisions at the cross-over point -- decisions for which many employees lack knowledge and are given minimal support," Mr. McDermott stated. "Crossings can help employers increase the likelihood of actually achieving retirement security for the exiting employee, without taking on additional cost or risk for the organization."

Crossings(SM): My Lifetime IRA(SM): Key Product Features

Professional investment management and choice. Crossings(SM) owners have the flexibility and simplicity of choosing from among five professionally- managed investment portfolios that range from conservative to aggressive so owners can choose the right style to fit their goals. The portfolio choice can be changed at any time with no cost. Amounts in an annuity's variable investment portfolio are subject to fluctuation in value and market risk, including loss of principal.

Guaranteed lifetime income with downside protection. Crossings(SM) owners will receive a Guaranteed Annual Payment (GAP) for the rest of their lives. The GAP amount is 5% of their income base, which is equal to the amount of their initial rollover contribution. The GAP can go up, but it can never go down based on market performance, even if the account balance goes to zero. This feature allows Crossings(SM) owners the opportunity for greater equity exposure. GAP payments, which are withdrawals from the contract, can begin as early as age 59 1/2 and will last for the rest of the owner's life, and the life of his or her spouse if they choose the joint option. The only time the GAP will be reduced is if the owner makes withdrawals in excess of the GAP in a contract year. Withdrawals of taxable amounts are subject to ordinary income tax and if made prior to age 59 1/2, may be subject to additional federal income tax.

Upside potential. Until a Crossings(SM) owner begins withdrawals, the value of the income base will grow by a minimum of 6% annually th
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SOURCE AXA Equitable Life Insurance Company Copyright©2008 PR Newswire. All rights reserved

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