EX-99.4(ACP) 5 e11545_ex99-4acp.txt ENDORSEMENT APPLICABLE TO INVESTMENT OPTIONS ENDORSEMENT APPLICABLE TO INVESTMENT OPTIONS Effective immediately, this Endorsement amends Part II ("Investment Options"), Part III ("Contributions and Allocations") and Part IV ("Transfers Among Investment Options") of your Contract. The terms and conditions of this Endorsement replace the terms and conditions in your Contract to the extent of any difference. In the event that a conflict exists between this Endorsement and the Contract, the terms of this Endorsement shall govern. The term "Contract" as used in this Endorsement applies to either a Contract or Certificate. This Endorsement is part of your Contract and the same definitions apply to the capitalized terms used herein. In this Endorsement "we", "our" and "us" mean AXA Equitable Life Insurance Company, and "you" and "your" mean the Owner. I. ALLOCATION OPTION CHOICES Unless choice is limited by an optional benefit rider attached to your Contract, you may choose to allocate amounts among the Investment Options pursuant to [Allocation Option A or Allocation Option B], as described in this Endorsement. You must give us allocation instructions that comply with the terms and conditions of this Endorsement. You may not allocate or transfer your Annuity Account Value other than as provided in the Allocation Option you choose. The Data Pages specify the Allocation Option that is applicable under your Contract and any restrictions on your choice of Allocation Options. We currently offer [Allocation Option A] and [Allocation Option B]. You may request to change from one Allocation Option to another Allocation Option we make available to you by providing us a request in the form we require. We reserve the right to limit the number Allocation Option changes you may request under your Contract. I. A. [ALLOCATION OPTION A] You may allocate amounts among the [Variable] Investment Options and the applicable Special Dollar Cost Averaging Program under your Contract. [Any restrictions on amounts allocated to the Guaranteed Interest Option are shown in the Data Pages.] We may change the Investment Options available under [Allocation Option A] for Contributions and transfers. If such a change occurs, we will provide you advance written notice. I. B. [ALLOCATION OPTION B] You may allocate amounts among the [Variable] Investment Options and the applicable Special Dollar Cost Averaging Program under your Contract subject to the Investment Option maximums and minimums for each Investment Option Category as set forth in the Investment Option Allocation Table below ("Category Allocation Limits"). The Allocation Table also shows the limits on allocations to Investment Options within each Category ("Investment Option Allocation 1 2009GOA Limits"). We refer to the Category Allocation Limits and the Investment Option Allocation Limits collectively as the "Allocation Limits." The Investment Option Allocation Table below shows Allocation Limits as of your Contract Date. The current assignment of Investment Options to Investment Categories is specified in the Data Pages. We may change the Allocation Limits. If such a change occurs, we will provide you advance written notice. Any change in the Category Allocation Limits and any change in the Investment Option Allocation Limits will not affect your Contract unless you subsequently make an Investment Option transfer [or Contribution]. If such a change occurs, we may require that you revise your allocation instructions to comply with the change before we accept a transfer request [or Contribution]. Your Contract will be subject to changed Allocation Limits after such transfer [or Contribution]. [Any restrictions on amounts allocated to the Guaranteed Interest Option are shown in the Data Pages.] Parts II through IV of this Endorsement discuss the terms and conditions of [Allocation Option B]. INVESTMENT OPTION ALLOCATION TABLE
------------------------------------------------------------------------------------- Minimum Allocation to Minimum Allocation to Categories 2, 3 and 4 Category 1 Investment Investment Options: [0%] Options: [20%] Maximum Allocation to Maximum Allocation to Categories 2, 3 and 4 Category 1 Investment Investment Options: [80%] Options: [100%] ------------------------------------------------------------------------------------------------------------ Category -> Category 1 Category 2 Category 3 Category 4 [FIXED INCOME] [CORE [SMALL/MID CAP [SPECIALTY DIVERSIFIED INVESTMENT INVESTMENT INVESTMENT OPTIONS] OPTIONS] OPTIONS] ------------------------------------------------------------------------------------------------------------- Category Maximum: [100%] Maximum:[80%] Maximum:[30%] Maximum:[10%] Allocation Minimum: [0%] Minimum: [0%] Minimum: [0%] Minimum: [0%] Limits -> ------------------------------------------------------------------------------------------------------------- Investment No maximum allocation [15%] per [15%] per [5%] per Option per Investment Option Investment Investment Investment Allocation Option Option Option Limits -> allocation allocation allocation limit limit limit (maximum) (maximum) (maximum) -------------------------------------------------------------------------------------------------------------
2 II. CONTRIBUTIONS AND ALLOCATIONS Contributions are allocated to the Investment Options based on the instructions we have on file for your Contract. Your allocation instructions must comply with the Allocation Limits in effect on the date we received your instructions or any request to change your instructions. If we change the Allocation Limits, we may require that any Contribution after such change be allocated in accordance with the current Allocation Limits. You may change your allocation instructions for Contributions by submitting a request to the Processing Office in a form we accept. III. TRANSFERS You may transfer among Investment Options within an Investment Option Category even though your Annuity Account Value in the Category on the Transaction Date of the transfer exceeds the applicable Category Allocation Limit; however, the transfer must comply with the applicable Investment Option Allocation Limit for each Investment Option to which Annuity Account Value is transferred. You may transfer between Investment Options in different Categories provided that (i) the transfer complies with the applicable Category Allocation Limit for each Investment Option Category to which Annuity Account Value is transferred, and (ii) the Annuity Account Value in the [Fixed Income] Category is not reduced below the minimum [Fixed Income] Category Allocation Limit as a result of the transfer. A transfer request does not automatically change your allocation for future Contributions and rebalancing. If you wish to change your allocation instructions on file, you must request a change that complies with the Investment Option Allocation Limitations described above, in the form we require. IV. REBALANCING The allocation of your Annuity Account Value among Investment Options is rebalanced as of the last Business Day of each quarter of your Contract Year. Rebalancing means that the Annuity Account Value in each Investment Option is reallocated in accordance with your allocation instructions on file with us. Quarterly rebalancing will first occur on the date that is three months from your Contract Date. If your Contract Date occurs on the 29th, 30th, or 31st of a month, rebalancing will be done on the first day of the following month. V. SPECIAL DOLLAR COST AVERAGING The terms and conditions applicable to Special Dollar Cost Averaging are described in the applicable Special Dollar Cost Averaging Endorsement. 3 VI. TERMINATION OF THIS ENDORSEMENT We may terminate this Endorsement and the limitations provided under it at any time. If we terminate this Endorsement we will provide advance written notice to you. AXA EQUITABLE LIFE INSURANCE COMPANY /s/Christopher M. Condron /s/ Karen Field Hazin Christopher M. Condron Karen Field Hazin, Vice President, President and Chief Executive Officer Secretary and Associate General Counsel 4 ENDORSEMENT APPLICABLE TO INVESTMENT OPTION DATA PAGE - [APPLICABLE TO [OPTION A] ------------------------- A TOTAL OF 100% OF THE CONTRIBUTION MUST BE INVESTED IN ANY OR ALL OF THE FOLLOWING INVESTMENT OPTIONS. [AXA Conservative Allocation AXA Conservative-Plus Allocation AXA Moderate Allocation AXA Moderate-Plus Allocation EQ/American Core Growth Allocation EQ/American Core Allocation EQ/American Balanced Allocation Index Allocation Fund EQ/Money Market] o GUARANTEED INTEREST OPTION ("GIO") [No more than [25%] of each Contribution may be allocated to the GIO] [THE FOLLOWING WILL APPEAR FOR ALL ACCUMULATOR CORE AND ACCUMULATOR ELITE] o [Account for Special Dollar Cost Averaging ] [THE FOLLOWING WILL APPEAR FOR ALL ACCUMULATOR PLUS AND ACCUMULATOR SELECT] o [Account for Special Money Market Dollar Cost Averaging] ] [OPTION A IS NOT AVAILABLE UNDER YOUR CONTRACT] [APPLICABLE TO [OPTION B] ------------------------- [CATEGORY 1 FIXED INCOME VARIABLE INVESTMENT OPTIONS] [Multimanager Core Bond EQ/AllianceBernstein Intermediate Gov't Securities EQ/Quality Bond PLUS EQ/Money Market EQ/Long Term Bond EQ/Short Duration Bond U.S. Government/AAA-Rated Securities Bond Fund] 5 [CATEGORY 2 CORE DIVERSIFIED EQUITY VARIABLE INVESTMENT OPTIONS INVESTMENT OPTIONS] [Multimanager Large Cap Core Equity Multimanager Large Cap Value AXA Aggressive Allocation EQ/Franklin Templeton Founding Strategy EQ/AllianceBernstein Common Stock EQ/AllianceBernstein Large Cap Growth (RTY 1000) EQ/Large Cap Value EQ/Capital Guardian Research EQ/Equity 500 Index EQ/BlackRock Basic Value Equity EQ/Large Cap Growth PLUS EQ/Large Cap Core PLUS EQ/JPMorgan Value Opportunities EQ/T. Rowe Price Growth Stock EQ/Boston Advisors Equity Income EQ/UBS Growth and Income EQ/Lord Abbett Growth and Income EQ/Lord Abbett Large Cap Core EQ/Oppenheimer Main Street Opportunity] [CATEGORY 3 SMALL/MID CAP VARIABLE INVESTMENT OPTIONS ] [Multimanager Mid Cap Growth Multimanager Mid Cap Value Multimanager Small Cap Value Multimanager Small Cap Growth EQ/AllianceBernstein Small Cap Growth EQ/Mid Cap 400 Index Fund (EQ/FI Mid Cap) EQ/Small Company Index EQ/Oppenheimer Main Street Small Cap EQ/Mid Cap Value PLUS Global Discovery Fund Multimanager International Equity EQ/AllianceBernstein International EQ/International Core PLUS EQ/BlackRock International Value EQ/International Growth EQ/Oppenheimer Global Global Growth and Income Fund Global Growth Fund International Fund] 6 [CATEGORY 4 SPECIALTY VARIABLE INVESTMENT OPTIONS] [Multimanager Aggressive Equity Multimanager Large Cap Growth Multimanager Technology EQ/Calvert Socially Responsible EQ/Marsico Focus EQ/Mergers and Acquisitions EQ/Van Kampen Comstock EQ/Templeton Growth EQ/Capital Guardian Growth EQ/Davis New York Venture EQ/Russell 1000 Value Index (Legg Mason Value Equity) EQ/Evergreen Omega EQ/Van Kampen Mid Cap Growth EQ/GAMCO Small Company Value EQ/PIMCO Real Return] o GUARANTEED INTEREST OPTION ("GIO") [No more than [25%] of each Contribution may be allocated to the GIO] [THE FOLLOWING WILL APPEAR FOR ALL ACCUMULATOR CORE AND ACCUMULATOR ELITE] o [Account for Special Dollar Cost Averaging] [THE FOLLOWING WILL APPEAR FOR ALL ACCUMULATOR PLUS AND ACCUMULATOR SELECT] o [Account for Special Money Market Dollar Cost Averaging] ] 7