Equitable Life, a unit of AXA
Equitable Holdings, Inc. (NYSE: EQH),
a leading financial services company, announced today that it has joined
for Lifetime Income as a founding member. The Alliance brings
together 24 of the nation’s leading financial services organizations to
help Americans address the risk of outliving their income so they can
lead a dignified life after retiring.
For AXA Equitable Life, which has been in existence for more than 150
years, joining the Alliance for Lifetime Income is yet another way it
can help people retire with dignity, protect their families and prepare
for their financial futures with confidence.
"We believe that all Americans should be able to retire with dignity, so
it is critical that they understand how well their savings can replace
pre-retirement income,” said Mark Pearson, president and CEO of AXA
Equitable Holdings. "We are proud to join the Alliance as it directly
addresses this need and aligns with our longstanding focus on providing
advice, products and services that help people navigate complex
financial decisions such as retirement and the educational approach we
take with clients.”
Educating consumers and advisors about the potential risks of not saving
for retirement is more critical than ever, according to recent research. AXA
Equitable Life research, conducted in collaboration with The
Insured Retirement Institute (IRI), found that more than seven in
ten conservative investors fear their income won’t last throughout
retirement. Further, 79 percent of investors are interested in learning
about products that can offer some level of principal protection, such
as structured and variable annuities with certain riders and optional
features, which can help address and mitigate fears about the impact of
market downturns on savings.
A study by the Alliance found that nearly half (48 percent) of America’s
45-to-72-year-old households with investable assets of $75,000-$1.99M
are approaching their retirement years "unprotected” – that is, their
savings are not prepared for headwinds such as longevity risk, rising
healthcare costs and market volatility.
These findings underscore the critical role financial protection and
lifetime income strategies can play in helping individual investors
reach their retirement goals.
AXA Equitable Life will join the Alliance as they embark on a
nationwide, multi-year campaign that includes educating consumers and
financial advisors about protected lifetime income, helping consumers
understand the many benefits of annuities and empowering financial
advisors to engage clients in conversations about helping to protect
lifetime income through portfolio diversification.
For more findings from AXA Equitable Life’s and IRI’s research about
consumers’ financial concerns around retirement, click here.
To learn more about the Alliance for Lifetime Income’s campaign, click here.
About AXA Equitable Life
Equitable Life is a wholly-owned indirect subsidiary of AXA
Equitable Holdings, Inc. (NYSE: EQH). Since 1859, we have been one of
America’s leading financial services providers with 2.8 million
customers nationwide and more than $211 billion of assets under
management (as of 12/31/17). Our mission is to help people retire with
dignity, protect their families and prepare for their financial futures
with confidence. Find AXA Equitable Life on Facebook, Twitter and LinkedIn. For
more information, visit www.axa.com.
About the Alliance for Lifetime Income
The Alliance for Lifetime Income, based in Washington, D.C., is a
nonprofit 501(c)(6) organization formed and supported by the nation’s
leading financial services organizations to educate Americans about
protecting their retirement income for life. The Alliance is focused on
helping Americans address the risk of outliving their savings so they
can enjoy their retirement lives. The Alliance provides consumers and
financial advisors with the resources and insight they need to build
plans for protected retirement income. For more information, visit www.AllianceForLifetimeIncome.org.
IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS
Annuities are long-term financial products designed for retirement
purposes. In essence, annuities are contractual agreement in which
payment(s) are made to an insurance company, which agrees to pay out an
income or lump sum amount at a later date. There are contract
limitations and fees and charges associated with annuities,
administrative fees, and charges for optional benefits. All guarantees
within annuities are based on the claims-paying ability of the issuing
life insurance company. A financial professional can provide cost
information and complete details. Portfolio diversification does not
guarantee a profit or protection against loss in a declining market.
Variable annuities, which are offered by prospectus, are subject to
fluctuation in value and market risk, including loss of principal.
consider the charges, risk, expenses, and investment objectives
carefully before purchasing a variable annuity. For a prospectus
containing this and other information, please contact a financial
professional. Read it carefully before investing or sending money.
Annuities are issued by AXA Equitable Life Insurance Company (AXA
Equitable), New York, NY 10104. Co-distributed by affiliates AXA
Advisors, LLC (member FINRA, SIPC) and AXA Distributors, LLC..
"AXA Equitable Life” refers to AXA Equitable Life Insurance Company, a
New York corporation, a life insurance company and a wholly owned
indirect subsidiary of AXA Equitable Holdings.
[AXA U.S.] is a
brand name of AXA Equitable Financial Services, LLC and its family of
companies, including AXA Equitable Life Insurance Company (AXA
Equitable), MONY Life Insurance Company of America (MLOA) (AZ stock
company, administrative office: Jersey City, NJ), AXA Advisors, LLC
(member FINRA, SIPC) and AXA Distributors, LLC. AXA U.S. is part of the
global AXA Group, a worldwide leader in financial protection strategies
and wealth management, with 107 million clients in 64 countries. The
obligations of AXA Equitable and MLOA are backed solely by their
claims-paying ability. Find AXA on Facebook,
For more information, visit www.axa.com.
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