EQUI-VEST - AXA Equitable

State Features / benefits / charges Availability / variation
Washington Fixed Maturity Option Not available
The following
changes apply to
Ratcheted Death Benefit
Not available
contracts issued
on or after
August 13, 2001.
See ‘‘Selecting an annuity payout option’’ in ‘‘Accessing your
money’’
In the third paragraph, ‘‘New York’’ is replaced with ‘‘Washington’’
and paragraph (ii) is deleted and replaced with:
(ii) if the annuitant was age 81–85 when the contract was
issued, the contract anniversary that follows the annuitant’s
95 th birthday.
See ‘‘Annual administrative charge’’ in ‘‘Charges and
Expenses’’
See ‘‘Withdrawal charge’’ in ‘‘Charges and expenses’’
See ‘‘Disability, terminal illness, or confinement to nursing
home’’ in ‘‘Charges and expenses’’
The second paragraph is deleted and replaced with: ‘‘The
charge is deducted pro rata from the variable investment
options. If your account value is allocated 100% to the guaranteed
interest option, the charge will be waived.
The second sentence of the third paragraph is replaced with:
‘‘In the case of surrenders, we will pay you the greater of (i)
the cash value or (ii) the free withdrawal amount plus 94%
(95% in the fifth contract year if the annuitant was age 60 or
over when the contract was issued) of the remaining account
value.
The last paragraph and its first bullet are replaced with the
following:
‘‘For NQ, traditional IRA and Roth IRA contracts, the withdrawal
charge also does not apply in the following
circumstances:
• After five contract years and the annuitant is at least age
59 1 ⁄2; or’’
Appendix V: State contract availability and/or variations of certain features and benefits V-3