we want to protect and provide for our family

BrightLife ^® Protect

Survivorship

Indexed Universal Life Insurance for Two

we want to protect and provide

for our family

life insurance

Life Insurance: • Is Not a Deposit of Any Bank • Is Not FDIC Insured • Is Not Insured by Any Federal Government Agency • Is Not Guaranteed by Any Bank or Savings Association

1 Interbrand, 2009–2014, AXA press release, October 9, 2014.

Ranked # ₁

insurance brand in the world for six consecutive years¹ AXA Group has been

countries 59

AXA Group is present in

since

1859

depend on the

strength of AXA

Have confidence in the insurance company that you choose — with financial strength to fulfill its

duty to you, now and in the future. AXA Equitable Life Insurance Company (AXA Equitable, New

York, NY) and MONY Life Insurance Company of America (MONY America) have been helping their

customers reach their most important goals for over 150 years. All guarantees are based solely

on the claims-paying ability of the issuing company — either AXA Equitable or MONY America.

Table of Contents

Survivorship Indexed Universal Life 2

BrightLife® Protect Survivorship in Action 3

Protection from Loss

& the Potential for Growth 4

Tailor your Policy 6

With BrightLife® Protect Survivorship, you and your spouse can live more

for today, keep more of the money you earn, and build more for tomorrow.

Live more.

Live more for today with financial security against life’s unknowns. Because BrightLife® Protect Survivorship provides a life insurance benefit for the next generation, you and your spouse will know that your children will be taken care of when you’re no longer around.

Keep more.

Since BrightLife® Protect Survivorship provides potential tax-deferred growth and a financial security benefit that is generally income-tax-free for your children, more of your money will stay in your family, instead of going toward taxes. This is one way you can help ensure that your children will be able to continue the quality of life you want for them. BrightLife® Protect Survivorship can also help you set aside an inheritance for your family, so you can keep more for today.

Build more.

Unlike term insurance, permanent life insurance has a growth component to complement the protection your policy provides. The cash surrender value you can potentially accumulate within your BrightLife® Protect Survivorship policy may be protected from market downturns and still offers some opportunity for growth.

MORE Live. Keep. Build.

2 survivorship indexed universal life

survivorship indexed

universal life

Survivorship indexed universal life (SIUL) insurance has the potential to build cash value. This type of

insurance allows you to track a major market index. Based on the performance of the index, your cash

value has the potential to grow up to a performance cap, but is protected from any negative returns. SIUL

pays a life insurance benefit to children or other beneficiaries once both insureds have passed away.

How does SIUL work?

When you make payments into your survivorship indexed universal life policy, a portion of your payment goes toward the life insurance benefit that protects your family. The other portion has the potential to build cash value by tracking an index.

• If the index performs well, your cash value will increase, up to a maximum return, or performance cap, each year.

• If the index’s returns are negative, your cash value will not decrease because you are protected by a 0% floor.

• You have the flexibility to adjust the premiums, cash value and the level of protection during the term of the policy to adapt to your changing needs.

• You can access your cash surrender value to supplement your income or take care of emergency expenses.

• The life insurance benefit is paid out when the second insured passes away.

2 Under current federal tax rules, you may access your cash surrender value by taking federal income-tax-free loans or withdrawals from a life insurance policy that is not a Modified Endowment Contract (MEC) of up to your basis (total premiums paid) in the policy. Certain exceptions may apply for partial withdrawals during the policy’s first 15 years. If the policy is a MEC, all withdrawals or loans are taxed as ordinary income to the extent of gain in the policy, and may also be subject to an additional 10% premature distribution penalty if taken prior to age 59½, unless certain exceptions apply. Loans and partial withdrawals will decrease the death benefit and cash surrender value of your life insurance policy and may be subject to policy limitations and income tax. In addition, loans and partial withdrawals may cause the policy benefits and riders to become unavailable and may increase the chance your policy may lapse. If the policy lapses, is surrendered or becomes a MEC, the loan balance at the time would generally be viewed as a distribution and therefore taxable under the general rules for distribution of policy cash values. 3 Your policy’s cash value must be sufficient to cover your monthly charges.

the tax benefits

of life insurance

•

•

•

Universal:

Means you have flexibility in making payments. Your payments, and the timing of those payments, can vary from nothing to a

maximum amount.³

Indexed:

Refers to your ability to invest in an index-linked option that gives you the potential to accumulate cash value within your policy based on the performance of an index.

Survivorship:

Means that the life insurance benefit will be paid out when the second insured has passed away.

BrightLife® Protect Survivorship in Action 3

BrightLife® Protect Survivorship in Action

designed to maximize your children’s legacy

Bill & Adrienne

• Both age 65

• Married with two children and six grandchildren

• Just retired

Bill and Adrienne have worked hard and made smart financial decisions over the years, so they have enough to live comfortably in retirement, plus a little extra. They’d like to use the money they won’t need to help provide a more comfortable life for their children and grandchildren. They know that life insurance can be an effective, income-tax-free way to pass along assets.

They choose a BrightLife® Protect Survivorship policy. Here’s why:

Maximizing the amount of money they leave their family

is important to them.

Because of its low cost structure, this policy can generate a death benefit that may be

many multiples of the policy’s premium.

They want to help protect their family’s legacy from

down markets

They can allocate their premiums to a Fixed Account, ensuring a guaranteed interest rate and/or a Select Account, which is tied to the

S&P 500® Index and offers more upside potential (up to a cap) while protecting against

loss through a 0% performance floor.

4 protection from loss & the potential for growth

protection from loss

& the potential for growth

Choose How to Allocate Your Premium Payments

With BrightLife® Protect Survivorship, you can choose how your premium payments are allocated, which can ultimately affect your policy’s cash value. The investment options are designed for those who are looking for protection from loss, yet would still like some potential for growth. Choose the Fixed Account, the Select Account, or a combination of both. You can change your allocation at any time.

The Fixed Account

Any premiums allocated to the Fixed Account will earn the current interest rate, which is set by AXA and guaranteed to never be less than 2%.

The Select Account

If you want a bit more upside potential, the Select Account may be a good choice. This index-linked option gives you the potential for cash value growth based on the performance of the S&P 500® Index. You can realize 100% of any positive returns, up to a performance cap; and you’re protected against 100% of any negative returns with the 0% floor. AXA Equitable reserves the right to change the cap and participation rate for new Segments, but these rates will never be less than the minimums stated in the policy.

Select Account

Fixed Account

protection from loss & the potential for growth 5

The Select Account

Down Market Scenario

Up Market Scenario

-20% -15% -10% -5% 0% 5% 10% 15%

Scenario II Scenario I

6% 6%

12%

8%

S&P 500® Performance⁵ Your Performance⁶

8% Growth Cap Rate 8% Growth Cap Rate

-20% -15% -10% -5% 0% 5% 10% 15%

-22%

0%

Scenario III -20%

-15% -10% -5% 0% 5% 10% 15%

Scenario II Scenario I

6% 6%

12%

8%

S&P 500® Performance⁵ Your Performance⁶

8% Growth Cap Rate 8% Growth Cap Rate

-20% -15% -10% -5% 0% 5% 10% 15%

-22%

0%

Scenario III -20%

-15% -10% -5% 0% 5% 10% 15%

Scenario II Scenario I

6% 6%

12%

8%

S&P 500® Performance⁵ Your Performance⁶

8% Growth Cap Rate 8% Growth Cap Rate

-20% -15% -10% -5% 0% 5% 10% 15%

-22%

0%

Scenario III

5 This is the hypothetical performance of the S&P 500® Index, which does not include dividends. 6 This is your performance of the Select Account, based on the performance of the S&P 500® shown.

How the Select Account works

This option provides a balance between growth and protection:

• The premiums in this account are credited based on the performance of the S&P 500® Index, up to a performance cap.

• You trade some of the upside market potential for downside protection.

• If the performance of the S&P 500® Index is negative, your return will be zero.

choosing between accounts

You can allocate without restriction and in any combination to the Fixed and Select Accounts. This flexibility can help your policy adapt as your own needs and preferences change over time.

6 tailor your policy

Customize your BrightLife® Protect Survivorship policy with these optional features. Some will charge

an additional fee and all have certain limitations. These optional features may not be available in every

state, and the terms and conditions may vary by state. Talk to your financial professional to see which

features, if any, would be right for you.

tailor your policy

Estate Protection Rider

If you and your spouse pass away in the first four months after the policy is issued, your beneficiaries receive an additional death benefit amount to help protect your legacy.

Option to Split upon Divorce Rider

You can split your BrightLife® Protect Survivorship policy into two individual life insurance policies of equal face amounts if you become legally divorced.

Option to Split upon Federal Tax Law

Change Rider

You may split your BrightLife® Protect Survivorship policy into two individual life insurance policies without providing evidence of insurability if changes are made to the federal tax law reducing the marital deduction or reducing the maximum federal estate tax bracket to a rate below 25%.

Return of Premium Rider

This rider allows you to increase your life insurance benefit by specifying a percentage of your premiums paid that will accumulate at a rate of 0–6% each year. That extra amount is then added to your life insurance benefit.

Living Benefit Rider

You can receive a portion of your policy’s death benefit if you are diagnosed as terminally ill, with no more than 12 months to live. Automatically included.

Cash Value Plus Rider

This rider reduces the surrender charge for policies fully surrendered during the first 8 years and provides a premium charge refund for policies fully surrendered in the first 3 years.

Loan Extension Endorsement

This rider ensures that the policy will not lapse due to a total loan balance that exceeds the current or initial base face amount (whichever is larger) if certain conditions are met. The policy will automatically be placed on loan extension at the beginning of any policy month between the insured’s 20th and 75th anniversaries if there isn’t enough account vale to cover the monthly charges then due and the outstanding loan and accrued loan interest exceeds the greater of the current or initial face amount. Other restrictions apply; see policy for details.

With BrightLife® Protect Survivorship, you and

your spouse can live more for today, keep more

of the money you earn and build more for your

family’s future.

For more information or to see if BrightLife®Protect Survivorship

is the right fit for you, contact your financial professional or visit

www.axa.com today.

MORE Live. Keep. Build.

8 notes

notes

”

S&P®, Standard & Poor’s, S&P 500® and Standard & Poor’s 500^TM are trademarks of Standard & Poor’s and have been licensed for use by AXA Equitable. BrightLife® Protect Survivorship is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s does not make any representation regarding the advisability of investing in the product.

The purpose of this method of marketing is solicitation of insurance, and contact may be made by an insurance agent, producer, insurance company or insurance agency.

Please be advised that this brochure is not intended as legal or tax advice. Accordingly, any tax information provided in this brochure is not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer. The tax information was written to support the promotion or marketing of the transaction(s) or matter(s) addressed, and you should seek advice based on your particular circumstances from an independent tax advisor.

This brochure is not intended to be a complete description of the BrightLife® Protect Survivorship product. Please refer to your actual policy and the policy illustration for more complete details.

BrightLife® Protect Survivorship is a flexible premium survivorship universal life insurance policy with an index-linked interest option. Life insurance is subject to exclusions and limitations and terms for keeping it in force. Certain types of policies, features and benefits may not be available in all jurisdictions, or may be different. For costs and complete details of coverage, contact your financial professional.

BrightLife® Protect Survivorship is issued in New York and Puerto Rico by AXA Equitable Life Insurance Company (AXA Equitable), New York, NY 10104, and in all other jurisdictions by affiliate MONY Life Insurance Company of America (MONY America), an Arizona Stock Corporation, with main administrative office in Jersey City, NJ. MONY America is not licensed to do business in NY and PR. It is co-distributed by affiliates AXA Network, LLC (AXA Network Insurance Agency of California, LLC in CA; AXA Network Insurance Agency of Utah, LLC in Utah; AXA Network of Puerto Rico in PR) and AXA Distributors, LLC. AXA Equitable, MONY America, AXA Network, LLC and AXA Distributors, LLC are affiliated companies and do not provide tax or legal advice. Clients should rely on their own advisors for these matters.

BrightLife® is a registered service mark of AXA Equitable Life Insurance Company.

“AXA” is the brand name of AXA Equitable Financial Services, LLC and its family of companies, including AXA Equitable Life Insurance Company (NY, NY), MONY Life Insurance Company of America (AZ stock company, administrative office: Jersey City, NJ), AXA Advisors, LLC, and AXA Distributors, LLC. AXA S.A. is a French holding company for a group of international insurance and financial services companies, including AXA Equitable Financial Services, LLC. This brand name change does not change the legal name of any of the AXA Equitable Financial Services, LLC companies. The obligations of AXA Equitable Life Insurance Company and MONY Life Insurance Company of America are backed solely by their claims-paying ability.

All guarantees are based on the claims-paying ability of the issuing company — either AXA Equitable or MONY America. Policy form #ICC 15-300 or state variations. Rider form #ICC15-R15-140 or state variations.

© 2015 AXA Equitable Life Insurance Company. All rights reserved. 1290 Avenue of the Americas, New York, NY 10104, (212) 554-1234

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GE-102560 (4/15) (Exp. 4/17) Cat. #154078 (4/15)