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AXA Equitable Review

AXA Equitable life insurance is a strong performer in the industry, offering comprehensive coverage options and flexible policy features that many shoppers appreciate. Though some will be disappointed in the lack of an online quote tool for price comparisons, the company hits all the right notes in most other key areas. Get Quotes

Fletcher Wilson

Fletcher Wilson

Life Insurance Expert

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Updated: March 19, 2014

The Good

Complete suite of coverage options:

With AXA Equitable, you can choose a term life policy for temporary coverage lasting from one to 30 years. If you're looking for permanent protection, you can find whole life policies and several types of universal life options, including standard, variable, and indexed policies. AXA Equitable also provides every common coverage option in the industry to help ensure that you have the policy flexibility and protections you need to feel confident in your policy purchase. Cash surrender and return of premium options offer access to the accumulated value of your policy, while term conversion and survivorship options provide improved flexibility later in your policy period. You even have access to a mortgage life option to help pay off outstanding mortgage debt and a whole life vanishing premium option that provides lower premium payments as your income decreases later in life.

Full-featured policies:

AXA Equitable provides you with a stable and predictable life insurance product that also delivers the flexibility you need to respond to sudden life changes. AXA Equitable life insurance policyholders have access to all of the most common policy features in the industry, including an interest rate guarantee, a partial surrender option, access to your policy's accumulated value, and periodic dividends with a paid-up additions option. Waivers on premium payments and monthly policy deductions are granted in the event that you can't work due to injury and are having trouble paying for your policy. A strong lapse guarantee ensures your policy won't be canceled if you inadvertently forget to pay your premium on time. Depending on the type of policy you select, you may also have the option to choose between level, graded, or dynamic premiums and between level or variable death benefits. If you're interested in a term life policy, you're sure to appreciate AXA Equitable's term renewal and no-exam term conversion guarantees, which enable you to extend your protection if your changing needs require it.

Very helpful learning materials:

AXA Equitable's policy guides provide just the kind of information you need to make a confident policy decision, offering easy-to-follow advice for virtually all types of life insurance buyers. For example, if you're just getting started in your career and have a young family to protect, you can navigate right to a policy guide designed just for your circumstances. You can find great advice on starting an inexpensive life insurance policy, with simple calculator tools to estimate your needs and links to recommended AXA Equitable products. Similar guides are available for shoppers at many different stages of their lives.

The Bad

No online quote or purchase tools:

When it comes time to learn about AXA Equitable's policy pricing, you must contact a company representative for personal service. The lack of an online quote tool is somewhat inconvenient for shoppers who prefer to work through policy coverages and optional riders on their own. That said, many shoppers are sure to appreciate AXA Equitable's emphasis on providing personal service through its network of agents.

Lacking some policy riders:

AXA Equitable doesn't offer a disability income rider if an injury prevents you from working. The other policy rider missing from AXA Equitable life insurance is the whole life guaranteed insurability rider. If you're seeking a comprehensive list of riders, you may want to look elsewhere.

Restrictive payment options:

AXA Equitable customers only have the option to make premium payments by personal check or by checking account transfer. Although checking account transfers can be set up online, you need to input your account information and your bank's ABA routing number, which may require a phone call to your bank. Adding simple debit or credit card and telephone payment options would help put the company on equal footing with many of the top insurers in the market.

The Details

A.M. Best FSR Rating A+
A.M. Best ICR Rating aa-
Moody's Rating Aa3
Policy Offerings Term, Whole, Universal
Standard & Poor's Rating A+


Financial Strength

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  • A.M. Best "Excellent" or Better - The insurance company has an A.M. Best rating of "A-" or better.
  • ICR Rating "Stable" - The insurance company has an A.M. Best Credit Rating of "Stable" or better.
  • Moody's "Very Strong" - The insurance company has a Moody's rating of "Aa3" or better.
  • S&P Rated "Very Strong" - The insurance company has an S&P rating of "AA-" or better.

Policy Features

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Policy Riders

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Coverage Options

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Customer Support

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Contract Provisions

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Online Tools and Materials

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Payment Options

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