Incentive Life Insurance: Understanding The Basics

Incentive life insurance is a type of variable universal life insurance policy. It is a long-term financial investment that provides a death benefit to beneficiaries. The beneficiary can use the cash to help preserve their quality of life. Incentive life insurance also allows for the potential accumulation of assets through investment portfolios. These portfolios are managed by investment management firms.

What is IncentiveLife Legacy® III Life Insurance?

IncentiveLife Legacy® III is a flexible premium variable universal life insurance policy. It is designed to provide cash to your beneficiaries upon your death, to help preserve their quality of life.

IncentiveLife Legacy® III is designed for individuals looking for affordable permanent life insurance who also want to put their premium dollars to work via market-sensitive investment options. You can choose how your premiums are invested by allocating them among a wide array of stock, bond, international and money market subaccount investment options. The investment options are managed by over 45 well-known and respected investment management firms. You can also choose to invest a portion of your premiums in AXA Equitable's innovative investment option, the Market Stabilizer Option® (MSO). The MSO, available for an additional fee, offers growth potential (up to a cap) as well as some downside protection, which may help you to address volatility concerns in your variable life insurance policy.

IncentiveLife Legacy® III offers you the opportunity to direct how a portion of your premium payments and Policy Account Value are invested among a wide array of investment options that include equity portfolios, bond portfolios and a money market portfolio. There are fees and charges associated with IncentiveLife Legacy® III, including mortality and expense risk charges, administrative fees, investment management fees, surrender charges, and charges for optional riders. Additionally, IncentiveLife Legacy® III and its riders have restrictions and limitations.

If you decide that you no longer need the life insurance, you can cancel your policy and receive the cash surrender value. With IncentiveLife Legacy® III, you can choose the investment options that are right for you, in whatever stage of life you're in, to give you flexibility in your premiums. Loans and partial withdrawals will decrease the death benefit and cash value of a client’s life insurance policy and may be subject to policy limitations and income tax. In addition, loans and partial withdrawals may cause certain policy benefits or riders to become unavailable and may increase the chances a client’s policy may lapse.

What is VUL Incentive Life Protectsm?

Variable Universal Life insurance is a type of insurance policy that provides a death benefit and is also a long-term financial investment. It allows for the potential accumulation of assets through customised, professionally managed investment portfolios.

VUL Incentive Life Protectsm is a service mark of Equitable Financial Life Insurance Company. It is a flexible premium variable life insurance policy issued in New York and Puerto Rico by Equitable Financial Life Insurance Company (Equitable Financial), and in all other jurisdictions by Equitable Financial Life Insurance Company of America (Equitable America). It is distributed by Equitable Advisors, LLC and Equitable Distributors, LLC, New York, NY.

VUL Incentive Life Protectsm is sold by prospectus only, which contains complete information on investment options, fees, charges and expenses. It should be read carefully before investing or sending money. The prospectus is available on the product pages.

VUL Incentive Life Protectsm is a flexible premium variable universal life insurance policy designed to provide cash to your beneficiaries upon your death. There are fees and charges associated with VUL Incentive Life Protectsm, including mortality and expense risk charges, administrative fees, investment management fees, surrender charges, and charges for optional riders.

What is the difference between IncentiveLife Legacy® III and VUL Incentive Life Protectsm?

Incentive life insurance is a type of variable universal life insurance. It is a long-term financial investment that can allow the accumulation of assets through professionally managed investment portfolios.

IncentiveLife Legacy® III is a flexible premium variable universal life insurance policy that provides cash to beneficiaries upon the policyholder's death. It is designed for individuals looking for affordable permanent life insurance who also want to put their premium dollars to work via market-sensitive investment options. Policyholders can choose how their premiums are invested by allocating them among a wide array of stock, bond, international and money market subaccount investment options. There are fees and charges associated with IncentiveLife Legacy® III, including mortality and expense risk charges, administrative fees, investment management fees, surrender charges, and charges for optional riders.

VUL Incentive Life Protectsm is a variable universal life insurance policy with the primary purpose of providing a death benefit. It is issued in New York and Puerto Rico by Equitable Financial Life Insurance Company and in all other jurisdictions by Equitable Financial Life Insurance Company of America. It offers flexible, tailored protection options, like a No-Lapse Guarantee, a Long-Term Care Servicessm Rider1 and the Market Stabilizer Option® II.2. Every VUL Incentive Life Protectsm policy automatically includes a No-Lapse Guarantee, providing a guarantee that the policy will stay inforce for the earlier of 20 years or until the policyholder turns 90, as long as required premiums are paid.

Both IncentiveLife Legacy® III and VUL Incentive Life Protectsm are flexible premium variable universal life insurance policies. However, IncentiveLife Legacy® III is designed for individuals looking for affordable permanent life insurance who want to put their premium dollars to work via market-sensitive investment options, while VUL Incentive Life Protectsm is designed to provide a death benefit and offers flexible, tailored protection options.

What are the fees and charges associated with Incentive Life Insurance?

Incentive Life Insurance is a flexible premium variable universal life insurance policy. It is designed to provide cash to your beneficiaries upon your death, to help preserve their quality of life.

There are several fees and charges associated with Incentive Life Insurance. These include:

• Mortality and expense risk charges
• Administrative fees
• Investment management fees
• Surrender charges
• Charges for optional riders

In addition, there are also charges for optional extras, such as the Market Stabilizer Option (MSO), which offers growth potential and downside protection.

It is important to carefully read the prospectus before investing or sending money, as it contains complete information on investment options, fees, charges and expenses.

What are the investment options for Incentive Life Insurance?

Incentive Life Insurance is a flexible premium variable universal life insurance policy. It provides cash to your beneficiaries upon your death, to help them maintain their quality of life. It is also a long-term financial investment that can allow the accumulation of assets through professionally managed investment portfolios.

Incentive Life Insurance offers a wide array of investment options, including equity portfolios, bond portfolios, and a money market portfolio. You can choose how your premiums are invested by allocating them among these investment options.

The investment options are managed by well-known and respected investment management firms. You can also choose to invest a portion of your premiums in AXA Equitable's innovative investment option, the Market Stabilizer Option (MSO). The MSO offers growth potential and downside protection, which can help address volatility concerns in your variable life insurance policy.

There are fees and charges associated with Incentive Life Insurance, including mortality and expense risk charges, administrative fees, investment management fees, surrender charges, and charges for optional riders. It is important to carefully review the prospectus before investing or sending money to understand the complete information on investment options, fees, charges, and expenses.

Frequently asked questions