Axa Equitable Life Insurance: What You Need To Know

AXA Equitable Life Insurance Company, now known as Equitable Holdings, Inc., is an American financial services and insurance company that was founded in 1859. In 1991, the French insurance firm AXA acquired a majority stake in the company, which was then known as The Equitable Life Assurance Society of the United States.

In 2004, the company officially changed its name to AXA Equitable Life Insurance Company, and by 2018, it had over 15,800 agents licensed by the State of California. In January 2020, the company changed its name again, this time to Equitable Holdings, Inc., following its spinoff from AXA.

Equitable Holdings offers a range of insurance products, including life insurance, annuities, and retirement plans. The company has a long history in the industry and has a strong financial backing, making it a reliable option for those seeking insurance coverage.

AXA Equitable Life Insurance Company's history

AXA Equitable Life Insurance Company was founded in 1859 by Henry Baldwin Hyde and was originally called The Equitable Life Assurance Society of the United States. The company's headquarters were opened in the Financial District of Manhattan in 1870.

In 1991, French insurance firm AXA acquired majority control of the company, and in 2004, the company's name was officially changed to AXA Equitable Life Insurance Company. By 2018, the company had over 15,800 agents licensed by the State of California.

In January 2020, the company changed its name to Equitable Holdings, Inc. following its spin-off from AXA. The company's new branding was unveiled in the same month, including a new logo featuring the Greek goddess Athena, which has been a consistent element of the company's visual identity since its founding.

AXA Equitable Life Insurance Company's parent company

AXA Equitable Life Insurance Company was founded in 1859 by Henry Baldwin Hyde under the name The Equitable Life Assurance Society of the United States. In 1991, French insurance firm AXA acquired majority control of the company, which then changed its name to AXA Equitable Life Insurance Company in 2004.

In 2018, AXA decided to rebalance its operations from life and annuities to property and casualty, and so began the process of spinning off its US operations, the old Equitable Life Assurance company. In 2020, AXA Equitable Life Insurance Company changed its name to Equitable Holdings, Inc. following its spinoff from AXA.

AXA Equitable Life Insurance Company's subsidiaries

AXA Equitable Life Insurance Company, also known as The Equitable, is an American financial services and insurance company founded in 1859 by Henry Baldwin Hyde. In 1991, the French insurance firm AXA acquired a majority stake in the company, then known as The Equitable Life Assurance Society of the United States.

In 2004, the company officially changed its name to AXA Equitable Life Insurance Company. By 2018, the company had over 15,800 agents licensed by the State of California.

In 2018, AXA decided to rebalance its operations, shifting from life and annuities to property and casualty. As a result, the company initiated the process of spinning off its U.S. operations, the old Equitable Life Assurance company. In its filing, AXA noted that four separate companies would be created:

• AXA Equitable Life Insurance Company
• AXA Distribution Holding Corp.
• EQ AZ Life Re Company
• MONY Life Insurance Company of America

These subsidiaries were formed as part of the transition of AXA Equitable Life Insurance Company into Equitable Holdings, Inc., which was completed in January 2020 following public offerings that began in May 2018.

AXA Equitable Life Insurance Company's headquarters

AXA Equitable Life Insurance Company, formerly known as The Equitable Life Assurance Society of the United States, is an American financial services and insurance company founded in 1859 by Henry Baldwin Hyde. In 1991, the French insurance firm AXA acquired a majority stake in the company.

In 1870, Equitable opened its headquarters at the Equitable Life Building in the Financial District of Manhattan. The building had entrances facing Broadway, Pine Street, and Cedar Street. Unfortunately, the headquarters building burned down in 1912, and Equitable rebuilt on the same site, constructing the Equitable Building.

The company's history is marked by significant milestones. Between 1889 and 1891, the Equitable Life Assurance Society built the Palais Equitable in Vienna, Austria. This sumptuous structure was located in the city centre, next to the Stephansplatz. During World War II, Equitable began underwriting policies for the War Agencies Employees Protective Association, providing group life insurance to U.S. government employees working in or near war zones.

In December 1990, Equitable announced its decision to demutualize, allowing the company to increase and diversify its asset base. The following year, in July 1991, AXA Group of France acquired a 49% stake in the business, infusing much-needed capital and altering the trajectory of both companies. By 1997, the assets of the U.S. operation, the Equitable Insurance Group, had significantly grown, and by 2003, AXA Equitable Insurance Company had become the leading carrier in the world with over 50 million clients in more than 50 countries.

However, by 2018, AXA faced tougher European solvency laws, leading the company to re-balance its operations away from life and annuities towards property and casualty insurance risks. As a result, AXA began the process of spinning off its U.S. operations, the old Equitable Life Assurance Company, into four separate companies. In May 2018, AXA Equitable Holdings' IPO was successfully completed, raising $2.75 billion and marking another chapter in the company's evolution.

AXA Equitable Life Insurance Company's products

AXA Equitable, formerly known as The Equitable Life Assurance Society of the United States, is an American financial services and insurance company founded in 1859. In 1991, the French insurance firm AXA acquired a majority stake in the company, and in 2004, the name was officially changed to AXA Equitable Life Insurance Company.

AXA Equitable offers a range of financial products and services, including:

• Life insurance: The company provides various life insurance products, including term life insurance, whole life insurance, and universal life insurance. These products offer financial protection to individuals and families in the event of death, helping to ensure financial security and peace of mind.
• Annuities: AXA Equitable offers annuity products that provide a steady income stream during retirement. These products can be tailored to meet individual needs, offering guaranteed income for a specified period or lifetime income options.
• Retirement planning: The company assists clients in planning and saving for retirement. This includes offering retirement accounts, such as 401(k) plans and Individual Retirement Accounts (IRAs), as well as providing guidance on investment strategies and financial planning.
• Investment services: AXA Equitable provides a range of investment products and services, including mutual funds, stocks, bonds, and real estate investment options. The company offers guidance and tools to help clients build and manage their investment portfolios.
• Financial planning: The company offers comprehensive financial planning services to help clients achieve their financial goals. This includes advice on budgeting, saving, investing, and insurance planning, as well as retirement and estate planning.
• Group benefits: AXA Equitable provides group benefits packages for businesses, including life insurance, health insurance, and retirement plans for employees. These benefits can help businesses attract and retain talented employees and promote a sense of financial security within their workforce.

AXA Equitable has a strong presence in the United States, with over 15,800 agents licensed by the State of California as of 2018. The company is committed to helping its clients secure their financial well-being and achieve their long-term goals. In 2020, the company changed its name to Equitable Holdings, Inc., marking the end of AXA's ownership and the beginning of a new chapter in the company's history.

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