-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Tf9HpT7+RcJBxdWu5lvOM+1WJ5PB1H13aV6yaZ9kJ7vNznmOZzPLqnIc3UrBbPMY ly0BztafUhsxiLzWoa71Tg== 0000089024-09-000033.txt : 20090115 0000089024-09-000033.hdr.sgml : 20090115 20090115161432 ACCESSION NUMBER: 0000089024-09-000033 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090115 DATE AS OF CHANGE: 20090115 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AXA EQUITABLE LIFE INSURANCE CO CENTRAL INDEX KEY: 0000727920 STANDARD INDUSTRIAL CLASSIFICATION: INSURANCE AGENTS BROKERS & SERVICES [6411] IRS NUMBER: 135570651 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-155350 FILM NUMBER: 09528800 BUSINESS ADDRESS: STREET 1: 1290 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10104 BUSINESS PHONE: 2125541234 MAIL ADDRESS: STREET 1: 1290 AVENUE OF AMERICAS CITY: NEW YORK STATE: NY ZIP: 10104 FORMER COMPANY: FORMER CONFORMED NAME: AXA-EQUITABLE LIFE INSURANCE CO DATE OF NAME CHANGE: 20040928 FORMER COMPANY: FORMER CONFORMED NAME: EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES /NY/ DATE OF NAME CHANGE: 19920703 424B3 1 e11098.txt DEFINITIVE MATERIALS 424(b)(3) 333-155350 AXA Equitable Life Insurance Company SUPPLEMENT DATED JANUARY 15, 2009 TO THE CURRENT PROSPECTUS FOR ACCUMULATOR(R) - -------------------------------------------------------------------------------- This Supplement updates certain information in the most recent prospectus and statement of additional information you received and in any supplements to that prospectus and statement of additional information (collectively, the "Prospectus"). You should read this Supplement in conjunction with the Prospectus and retain it for future reference. Unless otherwise indicated, all other information included in the Prospectus remains unchanged. The terms and section headings we use in this Supplement have the same meaning as in the Prospectus. We will send you another copy of any prospectus or supplement without charge upon request. Please contact the customer service group referenced in the Prospectus. The purpose of this Supplement is to provide you with information regarding certain changes to the Accumulator(R) Prospectus. Please note the following changes described below. 1. CHANGES TO PORTFOLIOS OF AXA PREMIER VIP TRUST AND EQ ADVISORS TRUST ("TRUSTS") A. PORTFOLIO NAME CHANGES Effective on or about January 15, 2009, the following Portfolio name changes as listed below will occur. Accordingly, all references to their respective corresponding investment options in the Prospectus are also changed. ---------------------------------------------------------------------------- Existing Portfolio Name New Portfolio Name ---------------------------------------------------------------------------- EQ/AllianceBernstein Intermediate EQ/Intermediate Government Bond Index Government Securities ---------------------------------------------------------------------------- EQ/JPMorgan Core Bond EQ/Core Bond Index ---------------------------------------------------------------------------- B. PORTFOLIO SUB-ADVISER CHANGES Effective on or about January 15, 2009, SSgA Funds Management, Inc. will replace AllianceBernstein, L.P. as the Sub-Adviser to the EQ/Intermediate Government Bond Index Portfolio and JPMorgan Investment Management, Inc. as the Sub-Adviser to the EQ/Core Bond Index Portfolio. Also, SSgA Funds Management, Inc. will be added as a Sub-Adviser to the Portfolios of the AXA Premier VIP Trust listed in the table below. AXA Equitable Life Insurance Company will continue to be the Investment Manager of the Portfolios. See "Portfolios of the Trusts" in your Prospectus for more information. ----------------------------------- AXA Premier VIP Trust ----------------------------------- MULTIMANAGER AGGRESSIVE EQUITY ----------------------------------- MULTIMANAGER CORE BOND ----------------------------------- MULTIMANAGER HEALTH CARE ----------------------------------- MULTIMANAGER HIGH YIELD ----------------------------------- MULTIMANAGER INTERNATIONAL EQUITY ----------------------------------- MULTIMANAGER LARGE CAP CORE EQUITY ----------------------------------- MULTIMANAGER LARGE CAP GROWTH ----------------------------------- MULTIMANAGER LARGE CAP VALUE ----------------------------------- MULTIMANAGER MID CAP GROWTH ----------------------------------- MULTIMANAGER MID CAP VALUE ----------------------------------- MULTIMANAGER SMALL CAP GROWTH ----------------------------------- MULTIMANAGER SMALL CAP VALUE ----------------------------------- MULTIMANAGER TECHNOLOGY ----------------------------------- C. AMENDMENTS TO EXPENSE LIMITATION ARRANGEMENTS FOR CERTAIN PORTFOLIOS The Board of Trustees of the AXA Premier VIP Trust (the "Trust") recently approved revisions to the Expense Limitation Agreement (the "Agreement") between the Trust and AXA Equitable Life Insurance Company ("AXA Equitable"). The Agreement has been amended to reflect that AXA Equitable has agreed to modify the expense limitation arrangement to include the fees and expenses of the other investment companies in which the AXA Allocation Portfolios invest ("Acquired Fund Fees and Expenses") when calculating its obligations under the IM-08-36 (1/09) 7.0/7.5/CORE Catalog No.142030 (1/09) '07/'07.5 Series NB/IF (AR) x02374 Agreement to make payments and to waive its management, administrative and other fees so that the AXA Allocation Portfolios' expenses do not exceed the Portfolios' expense limits. As a result of these changes, the current "Net Total Annual Expenses" and "Acquired Fund Fees and Expenses" will be reduced effective on or about January 1, 2009. The Fee Table below reflects the new expenses for the AXA Allocation portfolios that are available under your contract. 2. FEE TABLE The following is added under "Portfolio operating expenses expressed as an annual percentage of daily net assets" in the Prospectus, replacing the information shown for the Existing Portfolios (as listed above in the chart under section 1.A.) and other Portfolios that had a reduction in their expenses. (Portfolios whose names are changing are listed below under their new names.) In addition, the Prospectus indicates that a portion of the brokerage commissions of each of Multimanager Aggressive Equity, Multimanager Health Care, Multimanager Large Cap Core Equity, Multimanager Large Cap Growth, Multimanager Large Cap Value, Multimanager Mid Cap Growth, Multimanager Mid Cap Value, Multimanager Small Cap Growth, Multimanager Small Cap Value and Multimanager Technology are used to reduce each of these Portfolios' expenses. This statement, as it pertains to these Portfolios, is deleted in from the Prospectus.
---------------------------------------------------------------------------- Management 12b-1 Other Portfolio Name Fees Fees Expenses ---------------------------------------------------------------------------- AXA Premier VIP Trust: ---------------------------------------------------------------------------- AXA Aggressive Allocation 0.10% 0.25% 0.17% AXA Conservative Allocation 0.10% 0.25% 0.21% AXA Conservative-Plus Allocation 0.10% 0.25% 0.19% AXA Moderate Allocation 0.10% 0.25% 0.17% AXA Moderate-Plus Allocation 0.10% 0.25% 0.17% Multimanager Aggressive Equity 0.59% 0.25% 0.16% Multimanager Core Bond 0.53% 0.25% 0.18% Multimanager Health Care 0.95% 0.25% 0.22% Multimanager High Yield 0.53% 0.25% 0.18% Multimanager International Equity 0.82% 0.25% 0.21% Multimanager Large Cap Core Equity 0.69% 0.25% 0.21% Multimanager Large Cap Growth 0.75% 0.25% 0.24% Multimanager Large Cap Value 0.72% 0.25% 0.20% Multimanager Mid Cap Growth 0.80% 0.25% 0.20% Multimanager Mid Cap Value 0.80% 0.25% 0.19% Multimanager Small Cap Growth 0.85% 0.25% 0.24% Multimanager Small Cap Value 0.85% 0.25% 0.19% Multimanager Technology 0.95% 0.25% 0.22% ---------------------------------------------------------------------------- EQ Advisors Trust ---------------------------------------------------------------------------- EQ/Intermediate Government Bond Index0.35% 0.25% 0.14% EQ/Core Bond Index 0.35% 0.25% 0.11% ---------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- Acquired Net Total Fund Fees Total Annual Fee Waivers Annual and Expenses and/or Expenses Expenses (Before Expense (After (Underlying Expense Reimburse- Expense Portfolio Name Portfolios) Limitations) ments Limitations) ---------------------------------------------------------------------------------------------------- AXA Premier VIP Trust: ---------------------------------------------------------------------------------------------------- AXA Aggressive Allocation 0.92% 1.44% (0.19)% 1.25% AXA Conservative Allocation 0.69% 1.25% (0.25)% 1.00% AXA Conservative-Plus Allocation 0.76% 1.30% (0.20)% 1.10% AXA Moderate Allocation 0.82% 1.34% (0.19)% 1.15% AXA Moderate-Plus Allocation 0.86% 1.38% (0.18)% 1.20% Multimanager Aggressive Equity -- 1.00% -- 1.00% Multimanager Core Bond -- 0.96% 0.00% 0.96% Multimanager Health Care -- 1.42% 0.00% 1.42% Multimanager High Yield -- 0.96% -- 0.96% Multimanager International Equity -- 1.28% 0.00% 1.28% Multimanager Large Cap Core Equity -- 1.15% 0.00% 1.15% Multimanager Large Cap Growth -- 1.24% 0.00% 1.24% Multimanager Large Cap Value -- 1.17% 0.00% 1.17% Multimanager Mid Cap Growth -- 1.25% 0.00% 1.25% Multimanager Mid Cap Value -- 1.24% 0.00% 1.24% Multimanager Small Cap Growth -- 1.34% 0.00% 1.34% Multimanager Small Cap Value -- 1.29% 0.00% 1.29% Multimanager Technology 0.01% 1.43% 0.00% 1.43% ---------------------------------------------------------------------------------------------------- EQ Advisors Trust ---------------------------------------------------------------------------------------------------- EQ/Intermediate Government Bond Index -- 0.74% -- 0.74% EQ/Core Bond Index -- 0.71% -- 0.71% ----------------------------------------------------------------------------------------------------
3. REVISED "EXAMPLE" The following information is added under "Example" in the Prospectus, replacing the information shown for the Existing Portfolios (as listed above in the chart under section 1.A.) and other Portfolios that had a reduction in their expenses. (Portfolios whose names are changing are listed below under their new names.)
---------------------------------------------------------------------------------------------------------------- If you annuitize at the end of the applicable time period and select a non-life contingent period certain If you surrender your contract at the annuity option with less than five end of the applicable time period years ---------------------------------------------------------------------------------------------------------------- 1 3 5 10 1 3 5 10 Portfolio Name year years years years year years years years ---------------------------------------------------------------------------------------------------------------- AXA PREMIER VIP TRUST: ---------------------------------------------------------------------------------------------------------------- AXA Aggressive Allocation $1,170 $2,045 $2,972 $5,288 N/A $2,045 $2,972 $5,288 AXA Conservative Allocation $1,150 $1,987 $2,877 $5,115 N/A $1,987 $2,877 $5,115 AXA Conservative-Plus Allocation $1,155 $2,002 $2,902 $5,161 N/A $2,002 $2,902 $5,161 AXA Moderate Allocation $1,159 $2,014 $2,922 $5,197 N/A $2,014 $2,922 $5,197 ---------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------ If you do not surrender your contract at the end of the applicable time period ------------------------------------------------------------------------ 1 3 5 10 Portfolio Name year years years years ------------------------------------------------------------------------ AXA PREMIER VIP TRUST: ------------------------------------------------------------------------ AXA Aggressive Allocation $470 $1,445 $2,472 $5,288 AXA Conservative Allocation $450 $1,387 $2,377 $5,115 AXA Conservative-Plus Allocation $455 $1,402 $2,402 $5,161 AXA Moderate Allocation $459 $1,414 $2,422 $5,197 ------------------------------------------------------------------------
2
---------------------------------------------------------------------------------------------------------------- If you annuitize at the end of the applicable time period and select a non-life contingent period certain If you surrender your contract at the annuity option with less than five end of the applicable time period years ---------------------------------------------------------------------------------------------------------------- 1 3 5 10 1 3 5 10 Portfolio Name year years years years year years years years ---------------------------------------------------------------------------------------------------------------- AXA PREMIER VIP TRUST: ---------------------------------------------------------------------------------------------------------------- AXA Moderate-Plus Allocation $1,163 $2,027 $2,942 $5,234 N/A $2,027 $2,942 $5,234 Multimanager Aggressive Equity $1,124 $1,910 $2,753 $4,884 N/A $1,910 $2,753 $4,884 Multimanager Core Bond $1,119 $1,897 $2,732 $4,845 N/A $1,897 $2,732 $4,845 Multimanager Health Care $1,167 $2,039 $2,962 $5,270 N/A $2,039 $2,962 $5,270 Multimanager High Yield $1,119 $1,898 $2,733 $4,847 N/A $1,898 $2,733 $4,847 Multimanager International Equity $1,153 $1,996 $2,892 $5,143 N/A $1,996 $2,892 $5,143 Multimanager Large Cap Core Equity $1,139 $1,956 $2,827 $5,023 N/A $1,956 $2,827 $5,023 Multimanager Large Cap Growth $1,149 $1,984 $2,872 $5,106 N/A $1,984 $2,872 $5,106 Multimanager Large Cap Value $1,141 $1,963 $2,838 $5,043 N/A $1,963 $2,838 $5,043 Multimanager Mid Cap Growth $1,150 $1,987 $2,877 $5,115 N/A $1,987 $2,877 $5,115 Multimanager Mid Cap Value $1,149 $1,984 $2,872 $5,106 N/A $1,984 $2,872 $5,106 Multimanager Small Cap Growth $1,159 $2,014 $2,922 $5,197 N/A $2,014 $2,922 $5,197 Multimanager Small Cap Value $1,154 $1,999 $2,897 $5,152 N/A $1,999 $2,897 $5,152 Multimanager Technology $1,168 $2,042 $2,967 $5,279 N/A $2,042 $2,967 $5,279 ---------------------------------------------------------------------------------------------------------------- EQ ADVISORS TRUST: ---------------------------------------------------------------------------------------------------------------- EQ/Core Bond Index $1,093 $1,820 $2,604 $4,605 N/A $1,820 $2,604 $4,605 EQ/Intermediate Government Bond Index $1,095 $1,827 $2,617 $4,629 N/A $1,827 $2,617 $4,629 ---------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------ If you do not surrender your contract at the end of the applicable time period ------------------------------------------------------------------------ 1 3 5 10 Portfolio Name year years years years ------------------------------------------------------------------------ AXA PREMIER VIP TRUST: ------------------------------------------------------------------------ AXA Moderate-Plus Allocation $463 $1,427 $2,442 $5,234 Multimanager Aggressive Equity $424 $1,310 $2,253 $4,884 Multimanager Core Bond $419 $1,297 $2,232 $4,845 Multimanager Health Care $467 $1,439 $2,462 $5,270 Multimanager High Yield $419 $1,298 $2,233 $4,847 Multimanager International Equity $453 $1,396 $2,392 $5,143 Multimanager Large Cap Core Equity $439 $1,356 $2,327 $5,023 Multimanager Large Cap Growth $449 $1,384 $2,372 $5,106 Multimanager Large Cap Value $441 $1,363 $2,338 $5,043 Multimanager Mid Cap Growth $450 $1,387 $2,377 $5,115 Multimanager Mid Cap Value $449 $1,384 $2,372 $5,106 Multimanager Small Cap Growth $459 $1,414 $2,422 $5,197 Multimanager Small Cap Value $454 $1,399 $2,397 $5,152 Multimanager Technology $468 $1,442 $2,467 $5,279 ------------------------------------------------------------------------ EQ ADVISORS TRUST: ------------------------------------------------------------------------ EQ/Core Bond Index $393 $1,220 $2,104 $4,605 EQ/Intermediate Government Bond Index $395 $1,227 $2,117 $4,629 ------------------------------------------------------------------------
Accumulator(R) is issued by and is a registered service mark of AXA Equitable Life Insurance Company (AXA Equitable). Co-distributed by affiliates AXA Advisors, LLC and AXA Distributors, LLC, 1290 Avenue of the Americas, New York, NY 10104. Copyright 2009 AXA Equitable Life Insurance Company. All rights reserved. AXA Equitable Life Insurance Company 1290 Avenue of the Americas New York, NY 10104 212-554-1234 3 AXA Equitable Life Insurance Company SUPPLEMENT DATED JANUARY 15, 2009 TO THE CURRENT PROSPECTUS FOR ACCUMULATOR(R) ELITE(SM) - -------------------------------------------------------------------------------- This Supplement updates certain information in the most recent prospectus and statement of additional information you received and in any supplements to that prospectus and statement of additional information (collectively, the "Prospectus"). You should read this Supplement in conjunction with the Prospectus and retain it for future reference. Unless otherwise indicated, all other information included in the Prospectus remains unchanged. The terms and section headings we use in this Supplement have the same meaning as in the Prospectus. We will send you another copy of any prospectus or supplement without charge upon request. Please contact the customer service group referenced in the Prospectus. The purpose of this Supplement is to provide you with information regarding certain changes to the Accumulator(R) Elite(SM) Prospectus. Please note the following changes described below. 1. CHANGES TO PORTFOLIOS OF AXA PREMIER VIP TRUST AND EQ ADVISORS TRUST ("TRUSTS") A. PORTFOLIO NAME CHANGES Effective on or about January 15, 2009, the following Portfolio name changes as listed below will occur. Accordingly, all references to their respective corresponding investment options in the Prospectus are also changed. ----------------------------------------------------------------------------- Existing Portfolio Name New Portfolio Name ----------------------------------------------------------------------------- EQ/AllianceBernstein Intermediate EQ/Intermediate Government Government Securities Bond Index ----------------------------------------------------------------------------- EQ/JPMorgan Core Bond EQ/Core Bond Index ----------------------------------------------------------------------------- B. PORTFOLIO SUB-ADVISER CHANGES Effective on or about January 15, 2009, SSgA Funds Management, Inc. will replace AllianceBernstein, L.P. as the Sub-Adviser to the EQ/Intermediate Government Bond Index Portfolio and JPMorgan Investment Management, Inc. as the Sub-Adviser to the EQ/Core Bond Index Portfolio. Also, SSgA Funds Management, Inc. will be added as a Sub-Adviser to the Portfolios of the AXA Premier VIP Trust listed in the table below. AXA Equitable Life Insurance Company will continue to be the Investment Manager of the Portfolios. See "Portfolios of the Trusts" in your Prospectus for more information. ---------------------------------- AXA Premier VIP Trust ---------------------------------- MULTIMANAGER AGGRESSIVE EQUITY ---------------------------------- MULTIMANAGER CORE BOND ---------------------------------- MULTIMANAGER HEALTH CARE ---------------------------------- MULTIMANAGER HIGH YIELD ---------------------------------- MULTIMANAGER INTERNATIONAL EQUITY ---------------------------------- MULTIMANAGER LARGE CAP CORE EQUITY ---------------------------------- MULTIMANAGER LARGE CAP GROWTH ---------------------------------- MULTIMANAGER LARGE CAP VALUE ---------------------------------- MULTIMANAGER MID CAP GROWTH ---------------------------------- MULTIMANAGER MID CAP VALUE ---------------------------------- MULTIMANAGER SMALL CAP GROWTH ---------------------------------- MULTIMANAGER SMALL CAP VALUE ---------------------------------- MULTIMANAGER TECHNOLOGY ---------------------------------- C. AMENDMENTS TO EXPENSE LIMITATION ARRANGEMENTS FOR CERTAIN PORTFOLIOS The Board of Trustees of the AXA Premier VIP Trust (the "Trust") recently approved revisions to the Expense Limitation Agreement (the "Agreement") between the Trust and AXA Equitable Life Insurance Company ("AXA Equitable"). The Agreement has been amended to reflect that AXA Equitable has agreed to modify the expense limitation arrangement to include the fees and expenses of the other investment companies in which the AXA Allocation Portfolios invest ("Acquired Fund Fees and Expenses") when calculating its obligations under the IM-08-37 (1/09) 7.0/7.5/ELITE Catalog No.142031 (1/09) '07/'07.5 Series NB/IF (AR) x02375 Agreement to make payments and to waive its management, administrative and other fees so that the AXA Allocation Portfolios' expenses do not exceed the Portfolios' expense limits. As a result of these changes, the current "Net Total Annual Expenses" and "Acquired Fund Fees and Expenses" will be reduced effective on or about January 1, 2009. The Fee Table below reflects the new expenses for the AXA Allocation portfolios that are available under your contract. 2. FEE TABLE The following is added under "Portfolio operating expenses expressed as an annual percentage of daily net assets" in the Prospectus, replacing the information shown for the Existing Portfolios (as listed above in the chart under section 1.A.) and other Portfolios that had a reduction in their expenses. (Portfolios whose names are changing are listed below under their new names.) In addition, the Prospectus indicates that a portion of the brokerage commissions of each of Multimanager Aggressive Equity, Multimanager Health Care, Multimanager Large Cap Core Equity, Multimanager Large Cap Growth, Multimanager Large Cap Value, Multimanager Mid Cap Growth, Multimanager Mid Cap Value, Multimanager Small Cap Growth, Multimanager Small Cap Value and Multimanager Technology are used to reduce each of these Portfolios' expenses. This statement, as it pertains to these Portfolios, is deleted from the Prospectus.
---------------------------------------------------------------------------------------------------------------------------------- Acquired Net Total Fund Fees Total Annual Fee Waivers Annual and Expenses and/or Expenses Expenses (Before Expense (After Management 12b-1 Other (Underlying Expense Reimburse- Expense Portfolio Name Fees Fees Expenses Portfolios) Limitations) ments Limitations) ---------------------------------------------------------------------------------------------------------------------------------- AXA Premier VIP Trust: ---------------------------------------------------------------------------------------------------------------------------------- AXA Aggressive Allocation 0.10% 0.25% 0.17% 0.92% 1.44% (0.19)% 1.25% AXA Conservative Allocation 0.10% 0.25% 0.21% 0.69% 1.25% (0.25)% 1.00% AXA Conservative-Plus Allocation 0.10% 0.25% 0.19% 0.76% 1.30% (0.20)% 1.10% AXA Moderate Allocation 0.10% 0.25% 0.17% 0.82% 1.34% (0.19)% 1.15% AXA Moderate-Plus Allocation 0.10% 0.25% 0.17% 0.86% 1.38% (0.18)% 1.20% Multimanager Aggressive Equity 0.59% 0.25% 0.16% -- 1.00% -- 1.00% Multimanager Core Bond 0.53% 0.25% 0.18% -- 0.96% 0.00% 0.96% Multimanager Health Care 0.95% 0.25% 0.22% -- 1.42% 0.00% 1.42% Multimanager High Yield 0.53% 0.25% 0.18% -- 0.96% -- 0.96% Multimanager International Equity 0.82% 0.25% 0.21% -- 1.28% 0.00% 1.28% Multimanager Large Cap Core Equity 0.69% 0.25% 0.21% -- 1.15% 0.00% 1.15% Multimanager Large Cap Growth 0.75% 0.25% 0.24% -- 1.24% 0.00% 1.24% Multimanager Large Cap Value 0.72% 0.25% 0.20% -- 1.17% 0.00% 1.17% Multimanager Mid Cap Growth 0.80% 0.25% 0.20% -- 1.25% 0.00% 1.25% Multimanager Mid Cap Value 0.80% 0.25% 0.19% -- 1.24% 0.00% 1.24% Multimanager Small Cap Growth 0.85% 0.25% 0.24% -- 1.34% 0.00% 1.34% Multimanager Small Cap Value 0.85% 0.25% 0.19% -- 1.29% 0.00% 1.29% Multimanager Technology 0.95% 0.25% 0.22% 0.01% 1.43% 0.00% 1.43% ---------------------------------------------------------------------------------------------------------------------------------- EQ Advisors Trust ---------------------------------------------------------------------------------------------------------------------------------- EQ/Intermediate Government Bond Index 0.35% 0.25% 0.14% -- 0.74% -- 0.74% EQ/Core Bond Index 0.35% 0.25% 0.11% -- 0.71% -- 0.71% ----------------------------------------------------------------------------------------------------------------------------------
3. REVISED "EXAMPLE" The following information is added under "Example" in the Prospectus, replacing the information shown for the Existing Portfolios (as listed above in the chart under section 1.A.) and other Portfolios that had a reduction in their expenses. (Portfolios whose names are changing are listed below under their new names.)
----------------------------------------------------------------------------------------------------------------- If you annuitize at the end of the applicable time period and select a non-life contingent period certain If you surrender your contract at the annuity option with less than five end of the applicable time period years ----------------------------------------------------------------------------------------------------------------- 1 3 5 10 1 3 5 10 Portfolio Name year years years years year years years years ----------------------------------------------------------------------------------------------------------------- AXA PREMIER VIP TRUST: ----------------------------------------------------------------------------------------------------------------- AXA Aggressive Allocation $1,306 $2,151 $2,642 $5,594 N/A $2,151 $2,642 $5,594 AXA Conservative Allocation $1,286 $2,093 $2,549 $5,428 N/A $2,093 $2,549 $5,428 AXA Conservative-Plus Allocation $1,291 $2,108 $2,574 $5,472 N/A $2,108 $2,574 $5,472 AXA Moderate Allocation $1,295 $2,120 $2,593 $5,507 N/A $2,120 $2,593 $5,507 ------------------------------------------------------------------------ If you do not surrender your contract at the end of the applicable time period ------------------------------------------------------------------------ 1 3 5 10 Portfolio Name year years years years ------------------------------------------------------------------------ AXA PREMIER VIP TRUST: ------------------------------------------------------------------------ AXA Aggressive Allocation $506 $1,551 $2,642 $5,594 AXA Conservative Allocation $486 $1,493 $2,549 $5,428 AXA Conservative-Plus Allocation $491 $1,508 $2,574 $5,472 AXA Moderate Allocation $495 $1,520 $2,593 $5,507 ------------------------------------------------------------------------
2
--------------------------------------------------------------------------------------------------------------------- If you annuitize at the end of the applicable time period and select a non-life contingent period certain If you surrender your contract at the annuity option with less than five end of the applicable time period years --------------------------------------------------------------------------------------------------------------------- 1 3 5 10 1 3 5 10 Portfolio Name year years years years year years years years --------------------------------------------------------------------------------------------------------------------- AXA PREMIER VIP TRUST: --------------------------------------------------------------------------------------------------------------------- AXA Moderate-Plus Allocation $1,300 $2,133 $2,613 $5,542 N/A $2,133 $2,613 $5,542 Multimanager Aggressive Equity $1,260 $2,017 $2,427 $5,206 N/A $2,017 $2,427 $5,206 Multimanager Core Bond $1,256 $2,004 $2,406 $5,167 N/A $2,004 $2,406 $5,167 Multimanager Health Care $1,304 $2,145 $2,632 $5,577 N/A $2,145 $2,632 $5,577 Multimanager High Yield $1,256 $2,005 $2,407 $5,169 N/A $2,005 $2,407 $5,169 Multimanager International Equity $1,289 $2,102 $2,564 $5,454 N/A $2,102 $2,564 $5,454 Multimanager Large Cap Core Equity $1,276 $2,062 $2,500 $5,339 N/A $2,062 $2,500 $5,339 Multimanager Large Cap Growth $1,285 $2,090 $2,544 $5,419 N/A $2,090 $2,544 $5,419 Multimanager Large Cap Value $1,278 $2,069 $2,511 $5,359 N/A $2,069 $2,511 $5,359 Multimanager Mid Cap Growth $1,286 $2,093 $2,549 $5,428 N/A $2,093 $2,549 $5,428 Multimanager Mid Cap Value $1,285 $2,090 $2,544 $5,419 N/A $2,090 $2,544 $5,419 Multimanager Small Cap Growth $1,295 $2,120 $2,593 $5,507 N/A $2,120 $2,593 $5,507 Multimanager Small Cap Value $1,290 $2,105 $2,569 $5,463 N/A $2,105 $2,569 $5,463 Multimanager Technology $1,305 $2,148 $2,637 $5,585 N/A $2,148 $2,637 $5,585 -------------------------------------------------------------------------------------------------------------------- EQ ADVISORS TRUST: -------------------------------------------------------------------------------------------------------------------- EQ/Core Bond Index $1,229 $1,927 $2,281 $4,936 N/A $1,927 $2,281 $4,936 EQ/Intermediate Government Bond Index $1,232 $1,935 $2,293 $4,960 N/A $1,935 $2,293 $4,960 -------------------------------------------------------------------------- If you do not surrender your contract at the end of the applicable time period -------------------------------------------------------------------------- 1 3 5 10 Portfolio Name year years years years -------------------------------------------------------------------------- AXA PREMIER VIP TRUST: -------------------------------------------------------------------------- AXA Moderate-Plus Allocation $500 $1,533 $2,613 $5,542 Multimanager Aggressive Equity $460 $1,417 $2,427 $5,206 Multimanager Core Bond $456 $1,404 $2,406 $5,167 Multimanager Health Care $504 $1,545 $2,632 $5,577 Multimanager High Yield $456 $1,405 $2,407 $5,169 Multimanager International Equity $489 $1,502 $2,564 $5,454 Multimanager Large Cap Core Equity $476 $1,462 $2,500 $5,339 Multimanager Large Cap Growth $485 $1,490 $2,544 $5,419 Multimanager Large Cap Value $478 $1,469 $2,511 $5,359 Multimanager Mid Cap Growth $486 $1,493 $2,549 $5,428 Multimanager Mid Cap Value $485 $1,490 $2,544 $5,419 Multimanager Small Cap Growth $495 $1,520 $2,593 $5,507 Multimanager Small Cap Value $490 $1,505 $2,569 $5,463 Multimanager Technology $505 $1,548 $2,637 $5,585 -------------------------------------------------------------------------- EQ ADVISORS TRUST: -------------------------------------------------------------------------- EQ/Core Bond Index $429 $1,327 $2,281 $4,936 EQ/Intermediate Government Bond Index $432 $1,335 $2,293 $4,960 --------------------------------------------------------------------------
Accumulator(R) is issued by and is a registered service mark of AXA Equitable Life Insurance Company (AXA Equitable). Accumulator(R) Elite(SM) is a service mark of AXA Equitable. Co-distributed by affiliates AXA Advisors, LLC and AXA Distributors, LLC, 1290 Avenue of the Americas, New York, NY 10104. Copyright 2009 AXA Equitable Life Insurance Company. All rights reserved. AXA Equitable Life Insurance Company 1290 Avenue of the Americas New York, NY 10104 212-554-1234 3 AXA Equitable Life Insurance Company SUPPLEMENT DATED JANUARY 15, 2009 TO THE CURRENT PROSPECTUS FOR ACCUMULATOR(R) SELECT(SM) - -------------------------------------------------------------------------------- This Supplement updates certain information in the most recent prospectus and statement of additional information you received and in any supplements to that prospectus and statement of additional information (collectively, the "Prospectus"). You should read this Supplement in conjunction with the Prospectus and retain it for future reference. Unless otherwise indicated, all other information included in the Prospectus remains unchanged. The terms and section headings we use in this Supplement have the same meaning as in the Prospectus. We will send you another copy of any prospectus or supplement without charge upon request. Please contact the customer service group referenced in the Prospectus. The purpose of this Supplement is to provide you with information regarding certain changes to the Accumulator(R) Select(SM) Prospectus. Please note the following changes described below. 1. CHANGES TO PORTFOLIOS OF AXA PREMIER VIP TRUST AND EQ ADVISORS TRUST ("TRUSTS") A. PORTFOLIO NAME CHANGES Effective on or about January 15, 2009, the following Portfolio name changes as listed below will occur. Accordingly, all references to their respective corresponding investment options in the Prospectus are also changed. ----------------------------------------------------------------------------- Existing Portfolio Name New Portfolio Name ----------------------------------------------------------------------------- EQ/AllianceBernstein Intermediate EQ/Intermediate Government Government Securities Bond Index ----------------------------------------------------------------------------- EQ/JPMorgan Core Bond EQ/Core Bond Index ----------------------------------------------------------------------------- B. PORTFOLIO SUB-ADVISER CHANGES Effective on or about January 15, 2009, SSgA Funds Management, Inc. will replace AllianceBernstein, L.P. as the Sub-Adviser to the EQ/Intermediate Government Bond Index Portfolio and JPMorgan Investment Management, Inc. as the Sub-Adviser to the EQ/Core Bond Index Portfolio. Also, SSgA Funds Management, Inc. will be added as a Sub-Adviser to the Portfolios of the AXA Premier VIP Trust listed in the table below. AXA Equitable Life Insurance Company will continue to be the Investment Manager of the Portfolios. See "Portfolios of the Trusts" in your Prospectus for more information. ---------------------------------- AXA Premier VIP Trust ---------------------------------- MULTIMANAGER AGGRESSIVE EQUITY ---------------------------------- MULTIMANAGER CORE BOND ---------------------------------- MULTIMANAGER HEALTH CARE ---------------------------------- MULTIMANAGER HIGH YIELD ---------------------------------- MULTIMANAGER INTERNATIONAL EQUITY ---------------------------------- MULTIMANAGER LARGE CAP CORE EQUITY ---------------------------------- MULTIMANAGER LARGE CAP GROWTH ---------------------------------- MULTIMANAGER LARGE CAP VALUE ---------------------------------- MULTIMANAGER MID CAP GROWTH ---------------------------------- MULTIMANAGER MID CAP VALUE ---------------------------------- MULTIMANAGER SMALL CAP GROWTH ---------------------------------- MULTIMANAGER SMALL CAP VALUE ---------------------------------- MULTIMANAGER TECHNOLOGY ---------------------------------- C. AMENDMENTS TO EXPENSE LIMITATION ARRANGEMENTS FOR CERTAIN PORTFOLIOS The Board of Trustees of the AXA Premier VIP Trust (the "Trust") recently approved revisions to the Expense Limitation Agreement (the "Agreement") between the Trust and AXA Equitable Life Insurance Company ("AXA Equitable"). The Agreement has been amended to reflect that AXA Equitable has agreed to modify the expense limitation arrangement to include the fees and expenses of the other investment companies in which the AXA Allocation Portfolios invest ("Acquired Fund Fees and Expenses") when calculating its obligations under the IM-08-38 (1/09) 7.0/7.5/SELECT Catalog No. 142032(1/09) '07/'07.5 Series NB/IF (AR) x02376 Agreement to make payments and to waive its management, administrative and other fees so that the AXA Allocation Portfolios' expenses do not exceed the Portfolios' expense limits. As a result of these changes, the current "Net Total Annual Expenses" and "Acquired Fund Fees and Expenses" will be reduced effective on or about January 1, 2009. The Fee Table below reflects the new expenses for the AXA Allocation portfolios that are available under your contract. 2. FEE TABLE The following is added under "Portfolio operating expenses expressed as an annual percentage of daily net assets" in the Prospectus, replacing the information shown for the Existing Portfolios (as listed above in the chart under section 1.A.) and other Portfolios that had a reduction in their expenses. (Portfolios whose names are changing are listed below under their new names.) In addition, the Prospectus indicates that a portion of the brokerage commissions of each of Multimanager Aggressive Equity, Multimanager Health Care, Multimanager Large Cap Core Equity, Multimanager Large Cap Growth, Multimanager Large Cap Value, Multimanager Mid Cap Growth, Multimanager Mid Cap Value, Multimanager Small Cap Growth, Multimanager Small Cap Value and Multimanager Technology are used to reduce each of these Portfolios' expenses. This statement, as it pertains to these Portfolios, is deleted from the Prospectus.
--------------------------------------------------------------------- --------------------------------------------------------- Acquired Net Total Fund Fees Total Annual Fee Waivers Annual and Expenses and/or Expenses Expenses (Before Expense (After Management 12b-1 Other (Underlying Expense Reimburse- Expense Portfolio Name Fees Fees Expenses Portfolios) Limitations) ments Limitations) --------------------------------------------------------------------- --------------------------------------------------------- AXA Premier VIP Trust: --------------------------------------------------------------------- --------------------------------------------------------- AXA Aggressive Allocation 0.10% 0.25% 0.17% 0.92% 1.44% (0.19)% 1.25% AXA Conservative Allocation 0.10% 0.25% 0.21% 0.69% 1.25% (0.25)% 1.00% AXA Conservative-Plus Allocation 0.10% 0.25% 0.19% 0.76% 1.30% (0.20)% 1.10% AXA Moderate Allocation 0.10% 0.25% 0.17% 0.82% 1.34% (0.19)% 1.15% AXA Moderate-Plus Allocation 0.10% 0.25% 0.17% 0.86% 1.38% (0.18)% 1.20% Multimanager Aggressive Equity 0.59% 0.25% 0.16% -- 1.00% -- 1.00% Multimanager Core Bond 0.53% 0.25% 0.18% -- 0.96% 0.00% 0.96% Multimanager Health Care 0.95% 0.25% 0.22% -- 1.42% 0.00% 1.42% Multimanager High Yield 0.53% 0.25% 0.18% -- 0.96% -- 0.96% Multimanager International Equity 0.82% 0.25% 0.21% -- 1.28% 0.00% 1.28% Multimanager Large Cap Core Equity 0.69% 0.25% 0.21% -- 1.15% 0.00% 1.15% Multimanager Large Cap Growth 0.75% 0.25% 0.24% -- 1.24% 0.00% 1.24% Multimanager Large Cap Value 0.72% 0.25% 0.20% -- 1.17% 0.00% 1.17% Multimanager Mid Cap Growth 0.80% 0.25% 0.20% -- 1.25% 0.00% 1.25% Multimanager Mid Cap Value 0.80% 0.25% 0.19% -- 1.24% 0.00% 1.24% Multimanager Small Cap Growth 0.85% 0.25% 0.24% -- 1.34% 0.00% 1.34% Multimanager Small Cap Value 0.85% 0.25% 0.19% -- 1.29% 0.00% 1.29% Multimanager Technology 0.95% 0.25% 0.22% 0.01% 1.43% 0.00% 1.43% --------------------------------------------------------------------- --------------------------------------------------------- EQ Advisors Trust --------------------------------------------------------------------- --------------------------------------------------------- EQ/Intermediate Government Bond Index 0.35% 0.25% 0.14% -- 0.74% -- 0.74% EQ/Core Bond Index 0.35% 0.25% 0.11% -- 0.71% -- 0.71% --------------------------------------------------------------------- ---------------------------------------------------------
3. REVISED "EXAMPLE" The following information is added under "Example" in the Prospectus, replacing the information shown for the Existing Portfolios (as listed above in the chart under section 1.A.) and other Portfolios that had a reduction in their expenses. (Portfolios whose names are changing are listed below under their new names.)
------------------------------------------------------------------------------------------------------------------------- If you surrender or do not surrender If you annuitize at the end of the your contract at the applicable time period end of the applicable time period ------------------------------------------------------------------------------------------------------------------------- 1 3 5 1 3 5 10 Portfolio Name year years years 10 years year years years years ------------------------------------------------------------------------------------------------------------------------- AXA PREMIER VIP TRUST: ------------------------------------------------------------------------------------------------------------------------- AXA Aggressive Allocation N/A $1,915 $3,015 $5,986 $511 $1,565 $2,665 $5,636 AXA Conservative Allocation N/A $1,858 $2,923 $5,820 $491 $1,508 $2,573 $5,470 AXA Conservative-Plus Allocation N/A $1,873 $2,947 $5,864 $496 $1,523 $2,597 $5,514 AXA Moderate Allocation N/A $1,885 $2,967 $5,899 $501 $1,535 $2,617 $5,549 AXA Moderate-Plus Allocation N/A $1,897 $2,986 $5,934 $505 $1,547 $2,636 $5,584 Multimanager Aggressive Equity N/A $1,782 $2,800 $5,599 $465 $1,432 $2,450 $5,249 -------------------------------------------------------------------------------------------------------------------------
2
----------------------------------------------------------------------------------------------------------------------- If you surrender or do not surrender If you annuitize at the end of the your contract at the applicable time period end of the applicable time period ----------------------------------------------------------------------------------------------------------------------- 1 3 5 10 1 3 5 10 Portfolio Name year years years years year years years years ----------------------------------------------------------------------------------------------------------------------- AXA PREMIER VIP TRUST: ----------------------------------------------------------------------------------------------------------------------- Multimanager Core Bond N/A $1,769 $2,780 $5,561 $461 $1,419 $2,430 $5,211 Multimanager Health Care N/A $1,909 $3,006 $5,968 $509 $1,559 $2,656 $5,618 Multimanager High Yield N/A $1,770 $2,781 $5,563 $461 $1,420 $2,431 $5,213 Multimanager International Equity N/A $1,867 $2,937 $5,847 $494 $1,517 $2,587 $5,497 Multimanager Large Cap Core Equity N/A $1,827 $2,874 $5,732 $481 $1,477 $2,524 $5,382 Multimanager Large Cap Growth N/A $1,855 $2,918 $5,811 $490 $1,505 $2,568 $5,461 Multimanager Large Cap Value N/A $1,834 $2,884 $5,751 $483 $1,484 $2,534 $5,401 Multimanager Mid Cap Growth N/A $1,858 $2,923 $5,820 $491 $1,508 $2,573 $5,470 Multimanager Mid Cap Value N/A $1,855 $2,918 $5,811 $490 $1,505 $2,568 $5,461 Multimanager Small Cap Growth N/A $1,885 $2,967 $5,899 $501 $1,535 $2,617 $5,549 Multimanager Small Cap Value N/A $1,870 $2,942 $5,855 $495 $1,520 $2,592 $5,505 Multimanager Technology N/A $1,912 $3,011 $5,977 $510 $1,562 $2,661 $5,627 ----------------------------------------------------------------------------------------------------------------------- EQ ADVISORS TRUST: ----------------------------------------------------------------------------------------------------------------------- EQ/Core Bond Index N/A $1,692 $2,655 $5,331 $434 $1,342 $2,305 $4,981 EQ/Intermediate Government Bond Index N/A $1,700 $2,667 $5,354 $437 $1,350 $2,317 $5,004 -----------------------------------------------------------------------------------------------------------------------
Accumulator(R) is issued by and is a registered service mark of AXA Equitable Life Insurance Company (AXA Equitable). Accumulator(R) Select(SM) is a service mark of AXA Equitable. Co-distributed by affiliates AXA Advisors, LLC and AXA Distributors, LLC, 1290 Avenue of the Americas, New York, NY 10104. Copyright 2009 AXA Equitable Life Insurance Company. All rights reserved. AXA Equitable Life Insurance Company 1290 Avenue of the Americas New York, NY 10104 212-554-1234 3 AXA Equitable Life Insurance Company SUPPLEMENT DATED JANUARY 15, 2009 TO THE CURRENT PROSPECTUS FOR ACCUMULATOR(R) PLUS(SM) - -------------------------------------------------------------------------------- This Supplement updates certain information in the most recent prospectus and statement of additional information you received and in any supplements to that prospectus and statement of additional information (collectively, the "Prospectus"). You should read this Supplement in conjunction with the Prospectus and retain it for future reference. Unless otherwise indicated, all other information included in the Prospectus remains unchanged. The terms and section headings we use in this Supplement have the same meaning as in the Prospectus. We will send you another copy of any prospectus or supplement without charge upon request. Please contact the customer service group referenced in the Prospectus. The purpose of this Supplement is to provide you with information regarding certain changes to the Accumulator(R) Plus(SM) Prospectus. Please note the following changes described below. 1. CHANGES TO PORTFOLIOS OF AXA PREMIER VIP TRUST AND EQ ADVISORS TRUST ("TRUSTS") A. PORTFOLIO NAME CHANGES Effective on or about January 15, 2009, the following Portfolio name changes as listed below will occur. Accordingly, all references to their respective corresponding investment options in the Prospectus are also changed. ---------------------------------------------------------------------------- Existing Portfolio Name New Portfolio Name ---------------------------------------------------------------------------- EQ/AllianceBernstein Intermediate EQ/Intermediate Government Government Securities Bond Index ---------------------------------------------------------------------------- EQ/JPMorgan Core Bond EQ/Core Bond Index ---------------------------------------------------------------------------- B. PORTFOLIO SUB-ADVISER CHANGES Effective on or about January 15, 2009, SSgA Funds Management, Inc. will replace AllianceBernstein, L.P. as the Sub-Adviser to the EQ/Intermediate Government Bond Index Portfolio and JPMorgan Investment Management, Inc. as the Sub-Adviser to the EQ/Core Bond Index Portfolio. Also, SSgA Funds Management, Inc. will be added as a Sub-Adviser to the Portfolios of the AXA Premier VIP Trust listed in the table below. AXA Equitable Life Insurance Company will continue to be the Investment Manager of the Portfolios. See "Portfolios of the Trusts" in your Prospectus for more information. ---------------------------------- AXA Premier VIP Trust ---------------------------------- MULTIMANAGER AGGRESSIVE EQUITY ---------------------------------- MULTIMANAGER CORE BOND ---------------------------------- MULTIMANAGER HEALTH CARE ---------------------------------- MULTIMANAGER HIGH YIELD ---------------------------------- MULTIMANAGER INTERNATIONAL EQUITY ---------------------------------- MULTIMANAGER LARGE CAP CORE EQUITY ---------------------------------- MULTIMANAGER LARGE CAP GROWTH ---------------------------------- MULTIMANAGER LARGE CAP VALUE ---------------------------------- MULTIMANAGER MID CAP GROWTH ---------------------------------- MULTIMANAGER MID CAP VALUE ---------------------------------- MULTIMANAGER SMALL CAP GROWTH ---------------------------------- MULTIMANAGER SMALL CAP VALUE ---------------------------------- MULTIMANAGER TECHNOLOGY ---------------------------------- C. AMENDMENTS TO EXPENSE LIMITATION ARRANGEMENTS FOR CERTAIN PORTFOLIOS The Board of Trustees of the AXA Premier VIP Trust (the "Trust") recently approved revisions to the Expense Limitation Agreement (the "Agreement") between the Trust and AXA Equitable Life Insurance Company ("AXA Equitable"). The Agreement has been amended to reflect that AXA Equitable has agreed to modify the expense limitation arrangement to include the fees and expenses of the other investment companies in which the AXA Allocation Portfolios invest ("Acquired Fund Fees and Expenses") when calculating its obligations under the IM-08-39 (1/09) 7.0/7.5/PLUS Catalog No.142033 (1/09) '07/'07.5 Series NB/IF (AR) x02377 Agreement to make payments and to waive its management, administrative and other fees so that the AXA Allocation Portfolios' expenses do not exceed the Portfolios' expense limits. As a result of these changes, the current "Net Total Annual Expenses" and "Acquired Fund Fees and Expenses" will be reduced effective on or about January 1, 2009. The Fee Table below reflects the new expenses for the AXA Allocation portfolios that are available under your contract. 2. FEE TABLE The following is added under "Portfolio operating expenses expressed as an annual percentage of daily net assets" in the Prospectus, replacing the information shown for the Existing Portfolios (as listed above in the chart under section 1.A.) and other Portfolios that had a reduction in their expenses. (Portfolios whose names are changing are listed below under their new names.) In addition, the Prospectus indicates that a portion of the brokerage commissions of each of Multimanager Aggressive Equity, Multimanager Health Care, Multimanager Large Cap Core Equity, Multimanager Large Cap Growth, Multimanager Large Cap Value, Multimanager Mid Cap Growth, Multimanager Mid Cap Value, Multimanager Small Cap Growth, Multimanager Small Cap Value and Multimanager Technology are used to reduce each of these portfolios' expenses. This statement, as it pertains to these Portfolios, is deleted from the Prospectus.
--------------------------------------------------------------------------------------------------------------------------------- Acquired Net Total Fund Fees Total Annual Fee Waivers Annual and Expenses and/or Expenses Expenses (Before Expense (After Management 12b-1 Other (Underlying Expense Reimburse- Expense Portfolio Name Fees Fees Expenses Portfolios) Limitations) ments Limitations) --------------------------------------------------------------------------------------------------------------------------------- AXA Premier VIP Trust: --------------------------------------------------------------------------------------------------------------------------------- AXA Aggressive Allocation 0.10% 0.25% 0.17% 0.92% 1.44% (0.19)% 1.25% AXA Conservative Allocation 0.10% 0.25% 0.21% 0.69% 1.25% (0.25)% 1.00% AXA Conservative-Plus Allocation 0.10% 0.25% 0.19% 0.76% 1.30% (0.20)% 1.10% AXA Moderate Allocation 0.10% 0.25% 0.17% 0.82% 1.34% (0.19)% 1.15% AXA Moderate-Plus Allocation 0.10% 0.25% 0.17% 0.86% 1.38% (0.18)% 1.20% Multimanager Aggressive Equity 0.59% 0.25% 0.16% -- 1.00% -- 1.00% Multimanager Core Bond 0.53% 0.25% 0.18% -- 0.96% 0.00% 0.96% Multimanager Health Care 0.95% 0.25% 0.22% -- 1.42% 0.00% 1.42% Multimanager High Yield 0.53% 0.25% 0.18% -- 0.96% -- 0.96% Multimanager International Equity 0.82% 0.25% 0.21% -- 1.28% 0.00% 1.28% Multimanager Large Cap Core Equity 0.69% 0.25% 0.21% -- 1.15% 0.00% 1.15% Multimanager Large Cap Growth 0.75% 0.25% 0.24% -- 1.24% 0.00% 1.24% Multimanager Large Cap Value 0.72% 0.25% 0.20% -- 1.17% 0.00% 1.17% Multimanager Mid Cap Growth 0.80% 0.25% 0.20% -- 1.25% 0.00% 1.25% Multimanager Mid Cap Value 0.80% 0.25% 0.19% -- 1.24% 0.00% 1.24% Multimanager Small Cap Growth 0.85% 0.25% 0.24% -- 1.34% 0.00% 1.34% Multimanager Small Cap Value 0.85% 0.25% 0.19% -- 1.29% 0.00% 1.29% Multimanager Technology 0.95% 0.25% 0.22% 0.01% 1.43% 0.00% 1.43% --------------------------------------------------------------------------------------------------------------------------------- EQ Advisors Trust --------------------------------------------------------------------------------------------------------------------------------- EQ/Intermediate Government Bond Index 0.35% 0.25% 0.14% -- 0.74% -- 0.74% EQ/Core Bond Index 0.35% 0.25% 0.11% -- 0.71% -- 0.71% ---------------------------------------------------------------------------------------------------------------------------------
3. REVISED "EXAMPLE" The following information is added under "Example" in the Prospectus, replacing the information shown for the Existing Portfolios (as listed above in the chart under section 1.A.) and other Portfolios that had a reduction in their expenses. (Portfolios whose names are changing are listed below under their new names.)
---------------------------------------------------------------------------------------------------------------- If you annuitize at the end of the applicable time period and select a non-life contingent period certain If you surrender your contract at the annuity option with less than five end of the applicable time period years ---------------------------------------------------------------------------------------------------------------- 1 3 5 10 1 3 5 10 Portfolio Name year years years years year years years years ---------------------------------------------------------------------------------------------------------------- AXA PREMIER VIP TRUST: ---------------------------------------------------------------------------------------------------------------- AXA Aggressive Allocation $1,309 $2,260 $3,261 $5,649 N/A $2,260 $3,261 $5,649 AXA Conservative Allocation $1,288 $2,200 $3,164 $5,473 N/A $2,200 $3,164 $5,473 AXA Conservative-Plus Allocation $1,293 $2,216 $3,189 $5,520 N/A $2,216 $3,189 $5,520 AXA Moderate Allocation $1,298 $2,229 $3,210 $5,557 N/A $2,229 $3,210 $5,557 ---------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------- If you do not surrender your contract at the end of the applicable time period ---------------------------------------------------------------------- 1 3 5 10 Portfolio Name year years years years ---------------------------------------------------------------------- AXA PREMIER VIP TRUST: ---------------------------------------------------------------------- AXA Aggressive Allocation $509 $1,560 $2,661 $5,649 AXA Conservative Allocation $488 $1,500 $2,564 $5,473 AXA Conservative-Plus Allocation $493 $1,516 $2,589 $5,520 AXA Moderate Allocation $498 $1,529 $2,610 $5,557 ----------------------------------------------------------------------
2
------------------------------------------------------------------------------------------------------------------ If you annuitize at the end of the applicable time period and select a non-life contingent period certain If you surrender your contract at the annuity option with less than five end of the applicable time period years ------------------------------------------------------------------------------------------------------------------ 1 3 5 10 1 3 5 10 Portfolio Name year years years years year years years years ------------------------------------------------------------------------------------------------------------------ AXA PREMIER VIP TRUST: ------------------------------------------------------------------------------------------------------------------ AXA Moderate-Plus Allocation $1,302 $2,241 $3,230 $5,594 N/A $2,241 $3,230 $5,594 Multimanager Aggressive Equity $1,261 $2,121 $3,036 $5,239 N/A $2,121 $3,036 $5,239 Multimanager Core Bond $1,256 $2,107 $3,014 $5,198 N/A $2,107 $3,014 $5,198 Multimanager Health Care $1,306 $2,254 $3,251 $5,630 N/A $2,254 $3,251 $5,630 Multimanager High Yield $1,256 $2,108 $3,015 $5,200 N/A $2,108 $3,015 $5,200 Multimanager International Equity $1,291 $2,210 $3,179 $5,501 N/A $2,210 $3,179 $5,501 Multimanager Large Cap Core Equity $1,277 $2,168 $3,112 $5,379 N/A $2,168 $3,112 $5,379 Multimanager Large Cap Growth $1,287 $2,197 $3,159 $5,464 N/A $2,197 $3,159 $5,464 Multimanager Large Cap Value $1,279 $2,175 $3,124 $5,400 N/A $2,175 $3,124 $5,400 Multimanager Mid Cap Growth $1,288 $2,200 $3,164 $5,473 N/A $2,200 $3,164 $5,473 Multimanager Mid Cap Value $1,287 $2,197 $3,159 $5,464 N/A $2,197 $3,159 $5,464 Multimanager Small Cap Growth $1,298 $2,229 $3,210 $5,557 N/A $2,229 $3,210 $5,557 Multimanager Small Cap Value $1,292 $2,213 $3,184 $5,510 N/A $2,213 $3,184 $5,510 Multimanager Technology $1,307 $2,257 $3,256 $5,640 N/A $2,257 $3,256 $5,640 ------------------------------------------------------------------------------------------------------------------ EQ ADVISORS TRUST: ------------------------------------------------------------------------------------------------------------------ EQ/Core Bond Index $1,229 $2,027 $2,883 $4,955 N/A $2,027 $2,883 $4,955 EQ/Intermediate Government Bond Index $1,232 $2,035 $2,896 $4,979 N/A $2,035 $2,896 $4,979 ------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------ If you do not surrender your contract at the end of the applicable time period ------------------------------------------------------------------------ 1 3 5 10 Portfolio Name year years years years ------------------------------------------------------------------------ AXA PREMIER VIP TRUST: ------------------------------------------------------------------------ AXA Moderate-Plus Allocation $502 $1,541 $2,630 $5,594 Multimanager Aggressive Equity $461 $1,421 $2,436 $5,239 Multimanager Core Bond $456 $1,407 $2,414 $5,198 Multimanager Health Care $506 $1,554 $2,651 $5,630 Multimanager High Yield $456 $1,408 $2,415 $5,200 Multimanager International Equity $491 $1,510 $2,579 $5,501 Multimanager Large Cap Core Equity $477 $1,468 $2,512 $5,379 Multimanager Large Cap Growth $487 $1,497 $2,559 $5,464 Multimanager Large Cap Value $479 $1,475 $2,524 $5,400 Multimanager Mid Cap Growth $488 $1,500 $2,564 $5,473 Multimanager Mid Cap Value $487 $1,497 $2,559 $5,464 Multimanager Small Cap Growth $498 $1,529 $2,610 $5,557 Multimanager Small Cap Value $492 $1,513 $2,584 $5,510 Multimanager Technology $507 $1,557 $2,656 $5,640 ------------------------------------------------------------------------ EQ ADVISORS TRUST: ------------------------------------------------------------------------ EQ/Core Bond Index $429 $1,327 $2,283 $4,955 EQ/Intermediate Government Bond Index $432 $1,335 $2,296 $4,979 ------------------------------------------------------------------------
Accumulator(R) is issued by and is a registered service mark of AXA Equitable Life Insurance Company (AXA Equitable). Accumulator(R) Plus(SM) is a service mark of AXA Equitable. Co-distributed by affiliates AXA Advisors, LLC and AXA Distributors, LLC, 1290 Avenue of the Americas, New York, NY 10104. Copyright 2009 AXA Equitable Life Insurance Company. All rights reserved. AXA Equitable Life Insurance Company 1290 Avenue of the Americas New York, NY 10104 212-554-1234 3 AXA Equitable Life Insurance Company SUPPLEMENT DATED JANUARY 15, 2009 TO THE CURRENT PROSPECTUS FOR ACCUMULATOR(R) - -------------------------------------------------------------------------------- This Supplement updates certain information in the most recent prospectus and statement of additional information you received and in any supplements to that prospectus and statement of additional information (collectively, the "Prospectus"). You should read this Supplement in conjunction with the Prospectus and retain it for future reference. Unless otherwise indicated, all other information included in the Prospectus remains unchanged. The terms and section headings we use in this Supplement have the same meaning as in the Prospectus. We will send you another copy of any prospectus or supplement without charge upon request. Please contact the customer service group referenced in the Prospectus. The purpose of this Supplement is to provide you with information regarding certain changes to the Accumulator(R) Prospectus. Please note the changes described below. 1. CHANGES TO PORTFOLIOS OF AXA PREMIER VIP TRUST AND EQ ADVISORS TRUST ("TRUSTS") A. PORTFOLIO NAME CHANGES Effective on or about January 15, 2009, the following Portfolio name changes as listed below will occur. Accordingly, all references to their respective corresponding investment options in the Prospectus are also changed.
------------------------------------------------------------------------------------------------ Existing Portfolio Name New Portfolio Name ------------------------------------------------------------------------------------------------ EQ/AllianceBernstein Intermediate Government Securities EQ/Intermediate Government Bond Index ------------------------------------------------------------------------------------------------ EQ/JPMorgan Core Bond EQ/Core Bond Index ------------------------------------------------------------------------------------------------
B. PORTFOLIO SUB-ADVISER CHANGES Effective on or about January 15, 2009, SSgA Funds Management, Inc. will replace AllianceBernstein, L.P. as the Sub-Adviser to the EQ/Intermediate Government Bond Index Portfolio and JPMorgan Investment Management, Inc. as the Sub-Adviser to the EQ/Core Bond Index Portfolio. Also, SSgA Funds Management, Inc. will be added as a Sub-Adviser to the Portfolios of the AXA Premier VIP Trust listed in the table below. AXA Equitable Life Insurance Company will continue to be the Investment Manager of the Portfolios. See "Portfolios of the Trusts" in your Prospectus for more information. ----------------------------------- AXA Premier VIP Trust ----------------------------------- MULTIMANAGER AGGRESSIVE EQUITY ----------------------------------- MULTIMANAGER CORE BOND ----------------------------------- MULTIMANAGER HEALTH CARE ----------------------------------- MULTIMANAGER HIGH YIELD ----------------------------------- MULTIMANAGER INTERNATIONAL EQUITY ----------------------------------- MULTIMANAGER LARGE CAP CORE EQUITY ----------------------------------- MULTIMANAGER LARGE CAP GROWTH ----------------------------------- MULTIMANAGER LARGE CAP VALUE ----------------------------------- MULTIMANAGER MID CAP GROWTH ----------------------------------- MULTIMANAGER MID CAP VALUE ----------------------------------- MULTIMANAGER SMALL CAP GROWTH ----------------------------------- MULTIMANAGER SMALL CAP VALUE ----------------------------------- MULTIMANAGER TECHNOLOGY ----------------------------------- C. AMENDMENTS TO EXPENSE LIMITATION ARRANGEMENTS FOR CERTAIN PORTFOLIOS The Board of Trustees of the AXA Premier VIP Trust (the "Trust") recently approved revisions to the Expense Limitation Agreement (the "Agreement") between the Trust and AXA Equitable Life Insurance Company ("AXA Equitable"). The Agreement has been amended to reflect that AXA Equitable has agreed to modify the expense limitation arrangement to include the fees and expenses of the other investment companies in which the AXA Allocation Portfolios invest ("Acquired Fund Fees and Expenses") when calculating its obligations under the IM-08-40 (1/09) 06/06.5/CORE Catalog No.142034 (1/09) '06/'06.5 Series x02379 Agreement to make payments and to waive its management, administrative and other fees so that the AXA Allocation Portfolios' expenses do not exceed the Portfolios' expense limits. As a result of these changes, the current "Net Total Annual Expenses" and "Acquired Fund Fees and Expenses" will be reduced effective on or about January 1, 2009. The Fee Table below reflects the new expenses for the AXA Allocation portfolios that are available under your contract. 2. FEE TABLE The following information is added under "Portfolio operating expenses expressed as an annual percentage of daily net assets" in the Prospectus, replacing the information shown for the Existing Portfolios (as listed above in the chart under section 1.A.) and other Portfolios that had a reduction in their expenses. (Portfolios whose names are changing are listed below under their new names.) In addition, the Prospectus indicates that a portion of the brokerage commissions of each of Multimanager Aggressive Equity, Multimanager Health Care, Multimanager Large Cap Core Equity, Multimanager Large Cap Growth, Multimanager Large Cap Value, Multimanager Mid Cap Growth, Multimanager Mid Cap Value, Multimanager Small Cap Growth, Multimanager Small Cap Value and Multimanager Technology are used to reduce each of these Portfolios' expenses. This statement, as it pertains to these Portfolios, is deleted from the Prospectus.
----------------------------------------------------------------------------- Management 12b-1 Other Portfolio Name Fees Fees Expenses ----------------------------------------------------------------------------- AXA Premier VIP Trust: ----------------------------------------------------------------------------- AXA Aggressive Allocation 0.10% 0.25% 0.17% AXA Conservative Allocation 0.10% 0.25% 0.21% AXA Conservative-Plus Allocation 0.10% 0.25% 0.19% AXA Moderate Allocation 0.10% 0.25% 0.17% AXA Moderate-Plus Allocation 0.10% 0.25% 0.17% Multimanager Aggressive Equity 0.59% 0.25% 0.16% Multimanager Core Bond 0.53% 0.25% 0.18% Multimanager Health Care 0.95% 0.25% 0.22% Multimanager High Yield 0.53% 0.25% 0.18% Multimanager International Equity 0.82% 0.25% 0.21% Multimanager Large Cap Core Equity 0.69% 0.25% 0.21% Multimanager Large Cap Growth 0.75% 0.25% 0.24% Multimanager Large Cap Value 0.72% 0.25% 0.20% Multimanager Mid Cap Growth 0.80% 0.25% 0.20% Multimanager Mid Cap Value 0.80% 0.25% 0.19% Multimanager Small Cap Growth 0.85% 0.25% 0.24% Multimanager Small Cap Value 0.85% 0.25% 0.19% Multimanager Technology 0.95% 0.25% 0.22% ----------------------------------------------------------------------------- EQ Advisors Trust ----------------------------------------------------------------------------- EQ/Intermediate Government Bond Index 0.35% 0.25% 0.14% EQ/Core Bond Index 0.35% 0.25% 0.11% ----------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------- Acquired Net Total Fund Fees Total Annual Fee Waivers Annual and Expenses and/or Expenses Expenses (Before Expense (After (Underlying Expense Reimburse- Expense Portfolio Name Portfolios) Limitations) ments Limitations) ----------------------------------------------------------------------------------------------- AXA Premier VIP Trust: ----------------------------------------------------------------------------------------------- AXA Aggressive Allocation 0.92% 1.44% (0.19)% 1.25% AXA Conservative Allocation 0.69% 1.25% (0.25)% 1.00% AXA Conservative-Plus Allocation 0.76% 1.30% (0.20)% 1.10% AXA Moderate Allocation 0.82% 1.34% (0.19)% 1.15% AXA Moderate-Plus Allocation 0.86% 1.38% (0.18)% 1.20% Multimanager Aggressive Equity -- 1.00% -- 1.00% Multimanager Core Bond -- 0.96% 0.00% 0.96% Multimanager Health Care -- 1.42% 0.00% 1.42% Multimanager High Yield -- 0.96% -- 0.96% Multimanager International Equity -- 1.28% 0.00% 1.28% Multimanager Large Cap Core Equity -- 1.15% 0.00% 1.15% Multimanager Large Cap Growth -- 1.24% 0.00% 1.24% Multimanager Large Cap Value -- 1.17% 0.00% 1.17% Multimanager Mid Cap Growth -- 1.25% 0.00% 1.25% Multimanager Mid Cap Value -- 1.24% 0.00% 1.24% Multimanager Small Cap Growth -- 1.34% 0.00% 1.34% Multimanager Small Cap Value -- 1.29% 0.00% 1.29% Multimanager Technology 0.01% 1.43% 0.00% 1.43% ----------------------------------------------------------------------------------------------- EQ Advisors Trust ----------------------------------------------------------------------------------------------- EQ/Intermediate Government Bond Index -- 0.74% -- 0.74% EQ/Core Bond Index -- 0.71% -- 0.71% -----------------------------------------------------------------------------------------------
3. REVISED "EXAMPLE" The following information is added under "Example" in the Prospectus, replacing the information shown for the Existing Portfolios (as listed above in the chart under section 1.A.) and other Portfolios that had a reduction in their expenses. (Portfolios whose names are changing are listed below under their new names.)
--------------------------------------------------------------------------------------------------------------- If you annuitize at the end of the applicable time period and select a non-life contingent period certain If you surrender your contract at the annuity option with less than five end of the applicable time period years --------------------------------------------------------------------------------------------------------------- 1 3 5 10 1 3 5 10 Portfolio Name year years years years year years years years --------------------------------------------------------------------------------------------------------------- AXA PREMIER VIP TRUST: --------------------------------------------------------------------------------------------------------------- AXA Aggressive Allocation $1,137 $1,942 $2,789 $4,863 N/A $1,942 $2,789 $4,863 AXA Conservative Allocation $1,117 $1,883 $2,694 $4,687 N/A $1,883 $2,694 $4,687 AXA Conservative-Plus Allocation $1,122 $1,898 $2,719 $4,733 N/A $1,898 $2,719 $4,733 AXA Moderate Allocation $1,136 $1,928 $2,747 $4,771 N/A $1,928 $2,747 $4,771 AXA Moderate-Plus Allocation $1,131 $1,923 $2,759 $4,808 N/A $1,923 $2,759 $4,808 --------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------ If you do not surrender your contract at the end of the applicable time period ------------------------------------------------------------------------ 1 3 5 10 Portfolio Name year years years years ------------------------------------------------------------------------ AXA PREMIER VIP TRUST: ------------------------------------------------------------------------ AXA Aggressive Allocation $437 $1,342 $2,289 $4,863 AXA Conservative Allocation $417 $1,283 $2,194 $4,687 AXA Conservative-Plus Allocation $422 $1,298 $2,219 $4,733 AXA Moderate Allocation $436 $1,328 $2,247 $4,771 AXA Moderate-Plus Allocation $431 $1,323 $2,259 $4,808 ------------------------------------------------------------------------
2
------------------------------------------------------------------------------------------------------------------ If you annuitize at the end of the applicable time period and select a non-life contingent period certain If you surrender your contract at the annuity option with less than five end of the applicable time period years ------------------------------------------------------------------------------------------------------------------ 1 3 5 10 1 3 5 10 Portfolio Name year years years years year years years years ------------------------------------------------------------------------------------------------------------------ AXA PREMIER VIP TRUST: ------------------------------------------------------------------------------------------------------------------ Multimanager Aggressive Equity $1,091 $1,806 $2,569 $4,451 N/A $1,806 $2,569 $4,451 Multimanager Core Bond $1,087 $1,793 $2,547 $4,411 N/A $1,793 $2,547 $4,411 Multimanager Health Care $1,135 $1,935 $2,779 $4,845 N/A $1,935 $2,779 $4,845 Multimanager High Yield $1,087 $1,794 $2,548 $4,413 N/A $1,794 $2,548 $4,413 Multimanager International Equity $1,120 $1,892 $2,709 $4,715 N/A $1,892 $2,709 $4,715 Multimanager Large Cap Core Equity $1,106 $1,852 $2,644 $4,593 N/A $1,852 $2,644 $4,593 Multimanager Large Cap Growth $1,116 $1,880 $2,689 $4,677 N/A $1,880 $2,689 $4,677 Multimanager Large Cap Value $1,109 $1,859 $2,655 $4,613 N/A $1,859 $2,655 $4,613 Multimanager Mid Cap Growth $1,117 $1,883 $2,694 $4,687 N/A $1,883 $2,694 $4,687 Multimanager Mid Cap Value $1,116 $1,880 $2,689 $4,677 N/A $1,880 $2,689 $4,677 Multimanager Small Cap Growth $1,126 $1,911 $2,739 $4,771 N/A $1,911 $2,739 $4,771 Multimanager Small Cap Value $1,121 $1,895 $2,714 $4,724 N/A $1,895 $2,714 $4,724 Multimanager Technology $1,136 $1,938 $2,784 $4,854 N/A $1,938 $2,784 $4,854 ------------------------------------------------------------------------------------------------------------------ EQ ADVISORS TRUST: ------------------------------------------------------------------------------------------------------------------ EQ/Core Bond Index $1,060 $1,715 $2,419 $4,166 N/A $1,715 $2,419 $4,166 EQ/Intermediate Government Bond Index $1,063 $1,723 $2,432 $4,191 N/A $1,723 $2,432 $4,191 ------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------- If you do not surrender your contract at the end of the applicable time period ------------------------------------------------------------------------- 1 3 5 10 Portfolio Name year years years years ------------------------------------------------------------------------- AXA PREMIER VIP TRUST: ------------------------------------------------------------------------- Multimanager Aggressive Equity $391 $1,206 $2,069 $4,451 Multimanager Core Bond $387 $1,193 $2,047 $4,411 Multimanager Health Care $435 $1,335 $2,279 $4,845 Multimanager High Yield $387 $1,194 $2,048 $4,413 Multimanager International Equity $420 $1,292 $2,209 $4,715 Multimanager Large Cap Core Equity $406 $1,252 $2,144 $4,593 Multimanager Large Cap Growth $416 $1,280 $2,189 $4,677 Multimanager Large Cap Value $409 $1,259 $2,155 $4,613 Multimanager Mid Cap Growth $417 $1,283 $2,194 $4,687 Multimanager Mid Cap Value $416 $1,280 $2,189 $4,677 Multimanager Small Cap Growth $426 $1,311 $2,239 $4,771 Multimanager Small Cap Value $421 $1,295 $2,214 $4,724 Multimanager Technology $436 $1,338 $2,284 $4,854 ------------------------------------------------------------------------- EQ ADVISORS TRUST: ------------------------------------------------------------------------- EQ/Core Bond Index $360 $1,115 $1,919 $4,166 EQ/Intermediate Government Bond Index $363 $1,123 $1,932 $4,191 -------------------------------------------------------------------------
Accumulator(R) is issued by and is a registered service mark of AXA Equitable Life Insurance Company (AXA Equitable). Co-distributed by affiliates AXA Advisors, LLC and AXA Distributors, LLC, 1290 Avenue of the Americas, New York, NY 10104. Copyright 2009 AXA Equitable Life Insurance Company. All rights reserved. AXA Equitable Life Insurance Company 1290 Avenue of the Americas New York, NY 10104 212-554-1234 3 AXA Equitable Life Insurance Company SUPPLEMENT DATED JANUARY 15, 2009 TO THE CURRENT PROSPECTUS FOR ACCUMULATOR(R) ELITE(SM) - -------------------------------------------------------------------------------- This Supplement updates certain information in the most recent prospectus and statement of additional information you received and in any supplements to that prospectus and statement of additional information (collectively, the "Prospectus"). You should read this Supplement in conjunction with the Prospectus and retain it for future reference. Unless otherwise indicated, all other information included in the Prospectus remains unchanged. The terms and section headings we use in this Supplement have the same meaning as in the Prospectus. We will send you another copy of any prospectus or supplement without charge upon request. Please contact the customer service group referenced in the Prospectus. The purpose of this Supplement is to provide you with information regarding certain changes to the Accumulator(R) Elite(SM) Prospectus. Please note the changes described below. 1. CHANGES TO PORTFOLIOS OF AXA PREMIER VIP TRUST AND EQ ADVISORS TRUST ("TRUSTS") A. PORTFOLIO NAME CHANGES Effective on or about January 15, 2009, the following Portfolio name changes as listed below will occur. Accordingly, all references to their respective corresponding investment options in the Prospectus are also changed. ----------------------------------------------------------------------------- Existing Portfolio Name New Portfolio Name ----------------------------------------------------------------------------- EQ/AllianceBernstein Intermediate EQ/Intermediate Government Government Securities Bond Index ----------------------------------------------------------------------------- EQ/JPMorgan Core Bond EQ/Core Bond Index ----------------------------------------------------------------------------- B. PORTFOLIO OBJECTIVE AND SUB-ADVISER CHANGES Effective on or about January 15, 2009, SSgA Funds Management, Inc. will replace AllianceBernstein, L.P. as the Sub-Adviser to the EQ/Intermediate Government Bond Index Portfolio and JPMorgan Investment Management, Inc. as the Sub-Adviser to the EQ/Core Bond Index Portfolio. Also, SSgA Funds Management, Inc. will be added as a Sub-Adviser to the Portfolios of the AXA Premier VIP Trust listed in the table below. AXA Equitable Life Insurance Company will continue to be the Investment Manager of the Portfolios. See "Portfolios of the Trusts" in your Prospectus for more information. ---------------------------------- AXA Premier VIP Trust ---------------------------------- MULTIMANAGER AGGRESSIVE EQUITY ---------------------------------- MULTIMANAGER CORE BOND ---------------------------------- MULTIMANAGER HEALTH CARE ---------------------------------- MULTIMANAGER HIGH YIELD ---------------------------------- MULTIMANAGER INTERNATIONAL EQUITY ---------------------------------- MULTIMANAGER LARGE CAP CORE EQUITY ---------------------------------- MULTIMANAGER LARGE CAP GROWTH ---------------------------------- MULTIMANAGER LARGE CAP VALUE ---------------------------------- MULTIMANAGER MID CAP GROWTH ---------------------------------- MULTIMANAGER MID CAP VALUE ---------------------------------- MULTIMANAGER SMALL CAP GROWTH ---------------------------------- MULTIMANAGER SMALL CAP VALUE ---------------------------------- MULTIMANAGER TECHNOLOGY ---------------------------------- C. AMENDMENTS TO EXPENSE LIMITATION ARRANGEMENTS FOR CERTAIN PORTFOLIOS The Board of Trustees of the AXA Premier VIP Trust (the "Trust") recently approved revisions to the Expense Limitation Agreement (the "Agreement") between the Trust and AXA Equitable Life Insurance Company ("AXA Equitable"). The Agreement has been amended to reflect that AXA Equitable has agreed to modify the expense limitation arrangement to include the fees and expenses of the other investment companies in which the AXA Allocation Portfolios invest ("Acquired Fund Fees and Expenses") when calculating its obligations under the IM-08-41 (1/09) 06/06.5/ELITE Catalog No.142035 (1/09) '06/'06.5 Series x02380 Agreement to make payments and to waive its management, administrative and other fees so that the AXA Allocation Portfolios' expenses do not exceed the Portfolios' expense limits. As a result of these changes, the current "Net Total Annual Expenses" and "Acquired Fund Fees and Expenses" will be reduced effective on or about January 1, 2009. The Fee Table below reflects the new expenses for the AXA Allocation portfolios that are available under your contract. 2. FEE TABLE The following information is added under "Portfolio operating expenses expressed as an annual percentage of daily net assets" in the Prospectus, replacing the information shown for the Existing Portfolios (as listed above in the chart under section 1.A.) and other Portfolios that had a reduction in their expenses. (Portfolios whose names are changing are listed below under their new names.) In addition, the Prospectus indicates that a portion of the brokerage commissions of each of Multimanager Aggressive Equity, Multimanager Health Care, Multimanager Large Cap Core Equity, Multimanager Large Cap Growth, Multimanager Large Cap Value, Multimanager Mid Cap Growth, Multimanager Mid Cap Value, Multimanager Small Cap Growth, Multimanager Small Cap Value and Multimanager Technology are used to reduce each of these Portfolios' expenses. This statement, as it pertains to these Portfolios, is deleted from the Prospectus.
--------------------------------------------------------------------------------------------------------------------------------- Acquired Net Total Fund Fees Total Annual Fee Waivers Annual and Expenses and/or Expenses Expenses (Before Expense (After Management 12b-1 Other (Underlying Expense Reimburse- Expense Portfolio Name Fees Fees Expenses Portfolios) Limitations) ments Limitations) --------------------------------------------------------------------------------------------------------------------------------- AXA Premier VIP Trust: --------------------------------------------------------------------------------------------------------------------------------- AXA Aggressive Allocation 0.10% 0.25% 0.17% 0.92% 1.44% (0.19)% 1.25% AXA Conservative Allocation 0.10% 0.25% 0.21% 0.69% 1.25% (0.25)% 1.00% AXA Conservative-Plus Allocation 0.10% 0.25% 0.19% 0.76% 1.30% (0.20)% 1.10% AXA Moderate Allocation 0.10% 0.25% 0.17% 0.82% 1.34% (0.19)% 1.15% AXA Moderate-Plus Allocation 0.10% 0.25% 0.17% 0.86% 1.38% (0.18)% 1.20% Multimanager Aggressive Equity 0.59% 0.25% 0.16% -- 1.00% -- 1.00% Multimanager Core Bond 0.53% 0.25% 0.18% -- 0.96% 0.00% 0.96% Multimanager Health Care 0.95% 0.25% 0.22% -- 1.42% 0.00% 1.42% Multimanager High Yield 0.53% 0.25% 0.18% -- 0.96% -- 0.96% Multimanager International Equity 0.82% 0.25% 0.21% -- 1.28% 0.00% 1.28% Multimanager Large Cap Core Equity 0.69% 0.25% 0.21% -- 1.15% 0.00% 1.15% Multimanager Large Cap Growth 0.75% 0.25% 0.24% -- 1.24% 0.00% 1.24% Multimanager Large Cap Value 0.72% 0.25% 0.20% -- 1.17% 0.00% 1.17% Multimanager Mid Cap Growth 0.80% 0.25% 0.20% -- 1.25% 0.00% 1.25% Multimanager Mid Cap Value 0.80% 0.25% 0.19% -- 1.24% 0.00% 1.24% Multimanager Small Cap Growth 0.85% 0.25% 0.24% -- 1.34% 0.00% 1.34% Multimanager Small Cap Value 0.85% 0.25% 0.19% -- 1.29% 0.00% 1.29% Multimanager Technology 0.95% 0.25% 0.22% 0.01% 1.43% 0.00% 1.43% --------------------------------------------------------------------------------------------------------------------------------- EQ Advisors Trust --------------------------------------------------------------------------------------------------------------------------------- EQ/Intermediate Government Bond Index 0.35% 0.25% 0.14% -- 0.74% -- 0.74% EQ/Core Bond Index 0.35% 0.25% 0.11% -- 0.71% -- 0.71% ---------------------------------------------------------------------------------------------------------------------------------
3. REVISED "EXAMPLE" The following information is added under "Example" in the Prospectus, replacing the information shown for the Existing Portfolios (as listed above in the chart under section 1.A.) and other Portfolios that had a reduction in their expenses. (Portfolios whose names are changing are listed below under their new names.)
------------------------------------------------------------------------------------------------------------------- If you annuitize at the end of the applicable time period and select a non-life contingent period certain If you surrender your contract at the annuity option with less than five end of the applicable time period years ------------------------------------------------------------------------------------------------------------------- 1 3 5 10 1 3 5 10 Portfolio Name year years years years year years years years ------------------------------------------------------------------------------------------------------------------- AXA PREMIER VIP TRUST: ------------------------------------------------------------------------------------------------------------------- AXA Aggressive Allocation $1,273 $2,048 $2,461 $5,176 N/A $2,048 $2,461 $5,176 AXA Conservative Allocation $1,253 $1,990 $2,367 $5,006 N/A $1,990 $2,367 $5,006 AXA Conservative-Plus Allocation $1,259 $2,005 $2,392 $5,051 N/A $2,005 $2,392 $5,051 AXA Moderate Allocation $1,273 $2,034 $2,417 $5,087 N/A $2,034 $2,417 $5,087 ------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------- If you do not surrender your contract at the end of the applicable time period ----------------------------------------------------------------------- 1 3 5 10 Portfolio Name year years years years ----------------------------------------------------------------------- AXA PREMIER VIP TRUST: ----------------------------------------------------------------------- AXA Aggressive Allocation $473 $1,448 $2,461 $5,176 AXA Conservative Allocation $453 $1,390 $2,367 $5,006 AXA Conservative-Plus Allocation $459 $1,405 $2,392 $5,051 AXA Moderate Allocation $473 $1,434 $2,417 $5,087 -----------------------------------------------------------------------
2
------------------------------------------------------------------------------------------------------------------ If you annuitize at the end of the applicable time period and select a non-life contingent period certain If you surrender your contract at the annuity option with less than five end of the applicable time period years ------------------------------------------------------------------------------------------------------------------ 1 3 5 10 1 3 5 10 Portfolio Name year years years years year years years years ------------------------------------------------------------------------------------------------------------------ AXA PREMIER VIP TRUST: ------------------------------------------------------------------------------------------------------------------ AXA Moderate-Plus Allocation $1,267 $2,029 $2,431 $5,123 N/A $2,029 $2,431 $5,123 Multimanager Aggressive Equity $1,227 $1,914 $2,244 $4,779 N/A $1,914 $2,244 $4,779 Multimanager Core Bond $1,223 $1,901 $2,223 $4,740 N/A $1,901 $2,223 $4,740 Multimanager Health Care $1,271 $2,042 $2,451 $5,158 N/A $2,042 $2,451 $5,158 Multimanager High Yield $1,223 $1,901 $2,224 $4,742 N/A $1,901 $2,224 $4,742 Multimanager International Equity $1,257 $1,999 $2,382 $5,033 N/A $1,999 $2,382 $5,033 Multimanager Large Cap Core Equity $1,243 $1,959 $2,317 $4,915 N/A $1,959 $2,317 $4,915 Multimanager Large Cap Growth $1,252 $1,987 $2,362 $4,997 N/A $1,987 $2,362 $4,997 Multimanager Large Cap Value $1,245 $1,966 $2,328 $4,935 N/A $1,966 $2,328 $4,935 Multimanager Mid Cap Growth $1,253 $1,990 $2,367 $5,006 N/A $1,990 $2,367 $5,006 Multimanager Mid Cap Value $1,252 $1,987 $2,362 $4,997 N/A $1,987 $2,362 $4,997 Multimanager Small Cap Growth $1,263 $2,017 $2,412 $5,087 N/A $2,017 $2,412 $5,087 Multimanager Small Cap Value $1,258 $2,002 $2,387 $5,042 N/A $2,002 $2,387 $5,042 Multimanager Technology $1,272 $2,045 $2,456 $5,167 N/A $2,045 $2,456 $5,167 ------------------------------------------------------------------------------------------------------------------ EQ ADVISORS TRUST: ------------------------------------------------------------------------------------------------------------------ EQ/Core Bond Index $1,197 $1,823 $2,097 $4,504 N/A $1,823 $2,097 $4,504 EQ/Intermediate Government Bond Index $1,199 $1,831 $2,109 $4,528 N/A $1,831 $2,109 $4,528 ------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------- If you do not surrender your contract at the end of the applicable time period ------------------------------------------------------------------------- 1 3 5 10 Portfolio Name year years years years ------------------------------------------------------------------------- AXA PREMIER VIP TRUST: ------------------------------------------------------------------------- AXA Moderate-Plus Allocation $467 $1,429 $2,431 $5,123 Multimanager Aggressive Equity $427 $1,314 $2,244 $4,779 Multimanager Core Bond $423 $1,301 $2,223 $4,740 Multimanager Health Care $471 $1,442 $2,451 $5,158 Multimanager High Yield $423 $1,301 $2,224 $4,742 Multimanager International Equity $457 $1,399 $2,382 $5,033 Multimanager Large Cap Core Equity $443 $1,359 $2,317 $4,915 Multimanager Large Cap Growth $452 $1,387 $2,362 $4,997 Multimanager Large Cap Value $445 $1,366 $2,328 $4,935 Multimanager Mid Cap Growth $453 $1,390 $2,367 $5,006 Multimanager Mid Cap Value $452 $1,387 $2,362 $4,997 Multimanager Small Cap Growth $463 $1,417 $2,412 $5,087 Multimanager Small Cap Value $458 $1,402 $2,387 $5,042 Multimanager Technology $472 $1,445 $2,456 $5,167 ------------------------------------------------------------------------- EQ ADVISORS TRUST: ------------------------------------------------------------------------- EQ/Core Bond Index $397 $1,223 $2,097 $4,504 EQ/Intermediate Government Bond Index $399 $1,231 $2,109 $4,528 -------------------------------------------------------------------------
Accumulator(R) is issued by and is a registered service mark of AXA Equitable Life Insurance Company (AXA Equitable). Accumulator(R) Elite(SM) is a service mark of AXA Equitable. Co-distributed by affiliates AXA Advisors, LLC and AXA Distributors, LLC, 1290 Avenue of the Americas, New York, NY 10104. Copyright 2009 AXA Equitable Life Insurance Company. All rights reserved. AXA Equitable Life Insurance Company 1290 Avenue of the Americas New York, NY 10104 212-554-1234 3 AXA Equitable Life Insurance Company SUPPLEMENT DATED JANUAARY 15, 2009 TO THE CURRENT PROSPECTUS FOR ACCUMULATOR(R) PLUS(SM) - -------------------------------------------------------------------------------- This Supplement updates certain information in the most recent prospectus and statement of additional information you received and in any supplements to that prospectus and statement of additional information (collectively, the "Prospectus"). You should read this Supplement in conjunction with the Prospectus and retain it for future reference. Unless otherwise indicated, all other information included in the Prospectus remains unchanged. The terms and section headings we use in this Supplement have the same meaning as in the Prospectus. We will send you another copy of any prospectus or supplement without charge upon request. Please contact the customer service group referenced in the Prospectus. The purpose of this Supplement is to provide you with information regarding certain changes to the Accumulator(R) Plus(SM) Prospectus. Please note the changes described below. 1. CHANGES TO PORTFOLIOS OF AXA PREMIER VIP TRUST AND EQ ADVISORS TRUST ("TRUSTS") A. PORTFOLIO NAME CHANGES Effective on or about January 15, 2009, the following Portfolio name changes as listed below will occur. Accordingly, all references to their respective corresponding investment options in the Prospectus are also changed. --------------------------------------------------------------------------- Existing Portfolio Name New Portfolio Name --------------------------------------------------------------------------- EQ/AllianceBernstein Intermediate EQ/Intermediate Government Bond Index Government Securities --------------------------------------------------------------------------- EQ/JPMorgan Core Bond EQ/Core Bond Index --------------------------------------------------------------------------- B. PORTFOLIO SUB-ADVISER CHANGES Effective on or about January 15, 2009, SSgA Funds Management, Inc. will replace AllianceBernstein, L.P. as the Sub-Adviser to the EQ/Intermediate Government Bond Index Portfolio and JPMorgan Investment Management, Inc. as the Sub-Adviser to the EQ/Core Bond Index Portfolio. Also, SSgA Funds Management, Inc. will be added as a Sub-Adviser to the Portfolios of the AXA Premier VIP Trust listed in the table below. AXA Equitable Life Insurance Company will continue to be the Investment Manager of the Portfolios. See "Portfolios of the Trusts" in your Prospectus for more information. ----------------------------------- AXA Premier VIP Trust ----------------------------------- MULTIMANAGER AGGRESSIVE EQUITY ----------------------------------- MULTIMANAGER CORE BOND ----------------------------------- MULTIMANAGER HEALTH CARE ----------------------------------- MULTIMANAGER HIGH YIELD ----------------------------------- MULTIMANAGER INTERNATIONAL EQUITY ----------------------------------- MULTIMANAGER LARGE CAP CORE EQUITY ----------------------------------- MULTIMANAGER LARGE CAP GROWTH ----------------------------------- MULTIMANAGER LARGE CAP VALUE ----------------------------------- MULTIMANAGER MID CAP GROWTH ----------------------------------- MULTIMANAGER MID CAP VALUE ----------------------------------- MULTIMANAGER SMALL CAP GROWTH ----------------------------------- MULTIMANAGER SMALL CAP VALUE ----------------------------------- MULTIMANAGER TECHNOLOGY ----------------------------------- C. AMENDMENTS TO EXPENSE LIMITATION ARRANGEMENTS FOR CERTAIN PORTFOLIOS The Board of Trustees of the AXA Premier VIP Trust (the "Trust") recently approved revisions to the Expense Limitation Agreement (the "Agreement") between the Trust and AXA Equitable Life Insurance Company ("AXA Equitable"). The Agreement has been amended to reflect that AXA Equitable has agreed to modify the expense limitation arrangement to include the fees and expenses of the other investment companies in which the AXA Allocation Portfolios invest ("Acquired Fund Fees and Expenses") when calculating its obligations under the IM-08-42 (1/09) 06/06.5/PLUS Catalog No.142036 (1/09) '06/'06.5 Series x02381 Agreement to make payments and to waive its management, administrative and other fees so that the AXA Allocation Portfolios' expenses do not exceed the Portfolios' expense limits. As a result of these changes, the current "Net Total Annual Expenses" and "Acquired Fund Fees and Expenses" will be reduced effective on or about January 1, 2009. The Fee Table below reflects the new expenses for the AXA Allocation portfolios that are available under your contract. 2. FEE TABLE The following information is added under "Portfolio operating expenses expressed as an annual percentage of daily net assets" in the Prospectus, replacing the information shown for the Existing Portfolios (as listed above in the chart under section 1.A.) and other Portfolios that had a reduction in their expenses. (Portfolios whose names are changing are listed below under their new names.) In addition, the Prospectus indicates that a portion of the brokerage commissions of each of Multimanager Aggressive Equity, Multimanager Health Care, Multimanager Large Cap Core Equity, Multimanager Large Cap Growth, Multimanager Large Cap Value, Multimanager Mid Cap Growth, Multimanager Mid Cap Value, Multimanager Small Cap Growth, Multimanager Small Cap Value and Multimanager Technology are used to reduce each of these Portfolios' expenses. This statement, as it pertains to these Protfolios, is deleted from the Prospectus.
---------------------------------------------------------------------- Management 12b-1 Other Portfolio Name Fees Fees Expenses ---------------------------------------------------------------------- AXA Premier VIP Trust: --------------------------------------------------------------------- AXA Aggressive Allocation 0.10% 0.25% 0.17% AXA Conservative Allocation 0.10% 0.25% 0.21% AXA Conservative-Plus Allocation 0.10% 0.25% 0.19% AXA Moderate Allocation 0.10% 0.25% 0.17% AXA Moderate-Plus Allocation 0.10% 0.25% 0.17% Multimanager Aggressive Equity 0.59% 0.25% 0.16% Multimanager Core Bond 0.53% 0.25% 0.18% Multimanager Health Care 0.95% 0.25% 0.22% Multimanager High Yield 0.53% 0.25% 0.18% Multimanager International Equity 0.82% 0.25% 0.21% Multimanager Large Cap Core Equity 0.69% 0.25% 0.21% Multimanager Large Cap Growth 0.75% 0.25% 0.24% Multimanager Large Cap Value 0.72% 0.25% 0.20% Multimanager Mid Cap Growth 0.80% 0.25% 0.20% Multimanager Mid Cap Value 0.80% 0.25% 0.19% Multimanager Small Cap Growth 0.85% 0.25% 0.24% Multimanager Small Cap Value 0.85% 0.25% 0.19% Multimanager Technology 0.95% 0.25% 0.22% ---------------------------------------------------------------------- EQ Advisors Trust ---------------------------------------------------------------------- EQ/Intermediate Government 0.35% 0.25% 0.14% Bond Index EQ/Core Bond Index 0.35% 0.25% 0.11% ---------------------------------------------------------------------- Acquired Net Total Fund Fees Total Annual Fee Waivers Annual and Expenses and/or Expenses Expenses (Before Expense (After (Underlying Expense Reimburse- Expense Portfolio Name Portfolios) Limitations) ments Limitations) ---------------------------------------------------------------------------------------------- AXA Premier VIP Trust: ---------------------------------------------------------------------------------------------- AXA Aggressive Allocation 0.92% 1.44% (0.19)% 1.25% AXA Conservative Allocation 0.69% 1.25% (0.25)% 1.00% AXA Conservative-Plus Allocation 0.76% 1.30% (0.20)% 1.10% AXA Moderate Allocation 0.82% 1.34% (0.19)% 1.15% AXA Moderate-Plus Allocation 0.86% 1.38% (0.18)% 1.20% Multimanager Aggressive Equity -- 1.00% -- 1.00% Multimanager Core Bond -- 0.96% 0.00% 0.96% Multimanager Health Care -- 1.42% 0.00% 1.42% Multimanager High Yield -- 0.96% -- 0.96% Multimanager International Equity -- 1.28% 0.00% 1.28% Multimanager Large Cap Core Equity -- 1.15% 0.00% 1.15% Multimanager Large Cap Growth -- 1.24% 0.00% 1.24% Multimanager Large Cap Value -- 1.17% 0.00% 1.17% Multimanager Mid Cap Growth -- 1.25% 0.00% 1.25% Multimanager Mid Cap Value -- 1.24% 0.00% 1.24% Multimanager Small Cap Growth -- 1.34% 0.00% 1.34% Multimanager Small Cap Value -- 1.29% 0.00% 1.29% Multimanager Technology 0.01% 1.43% 0.00% 1.43% ---------------------------------------------------------------------------------------------- EQ Advisors Trust ---------------------------------------------------------------------------------------------- EQ/Intermediate Government -- 0.74% -- 0.74% Bond Index EQ/Core Bond Index -- 0.71% -- 0.71% ----------------------------------------------------------------------------------------------
3. REVISED "EXAMPLE" The following information is added under "Example" in the Prospectus, replacing the information shown for the Existing Portfolios (as listed above in the chart under section 1.A.) and other Portfolios that had a reduction in their expenses. (Portfolios whose names are changing are listed below under their new names.)
--------------------------------------------------------------------------------------------------------------- If you annuitize at the end of the applicable time period and select a non-life contingent period certain If you surrender your contract at the annuity option with less than five end of the applicable time period years --------------------------------------------------------------------------------------------------------------- 1 3 5 10 1 3 5 10 Portfolio Name year years years years year years years years -------------------------------------------------------------------------------------------------------------- AXA PREMIER VIP TRUST: --------------------------------------------------------------------------------------------------------------- AXA Aggressive Allocation $1,276 $2,157 $3,079 $5,229 N/A $2,157 $3,079 $5,229 AXA Conservative Allocation $1,255 $2,097 $2,981 $5,049 N/A $2,097 $2,981 $5,049 AXA Conservative-Plus Allocation $1,261 $2,113 $3,007 $5,097 N/A $2,113 $3,007 $5,097 AXA Moderate Allocation $1,278 $2,152 $3,049 $5,135 N/A $2,152 $3,049 $5,135 AXA Moderate-Plus Allocation $1,269 $2,138 $3,049 $5,172 N/A $2,138 $3,049 $5,172 --------------------------------------------------------------------------------------------------------------- If you do not surrender your contract at the end of the applicable time period ----------------------------------------------------------------------- 1 3 5 10 Portfolio Name year years years years ----------------------------------------------------------------------- AXA PREMIER VIP TRUST: ----------------------------------------------------------------------- AXA Aggressive Allocation $476 $1,457 $2,479 $5,229 AXA Conservative Allocation $455 $1,397 $2,381 $5,049 AXA Conservative-Plus Allocation $461 $1,413 $2,407 $5,097 AXA Moderate Allocation $478 $1,452 $2,449 $5,135 AXA Moderate-Plus Allocation $469 $1,438 $2,449 $5,172 -----------------------------------------------------------------------
2
If you annuitize at the end of the applicable time period and select a non-life contingent period certain If you surrender your contract at the annuity option with less than five end of the applicable time period years -------------------------------------------------------------------------------------------------------------------- 1 3 5 10 1 3 5 10 Portfolio Name year years years years year years years years -------------------------------------------------------------------------------------------------------------------- AXA PREMIER VIP TRUST: -------------------------------------------------------------------------------------------------------------------- Multimanager Aggressive Equity $1,229 $2,018 $2,853 $4,810 N/A $2,018 $2,853 $4,810 Multimanager Core Bond $1,224 $2,004 $2,831 $4,769 N/A $2,004 $2,831 $4,769 Multimanager Health Care $1,274 $2,151 $3,069 $5,210 N/A $2,151 $3,069 $5,210 Multimanager High Yield $1,224 $2,005 $2,832 $4,771 N/A $2,005 $2,832 $4,771 Multimanager International Equity $1,258 $2,106 $2,997 $5,078 N/A $2,106 $2,997 $5,078 Multimanager Large Cap Core Equity $1,244 $2,065 $2,930 $4,954 N/A $2,065 $2,930 $4,954 Multimanager Large Cap Growth $1,254 $2,094 $2,976 $5,040 N/A $2,094 $2,976 $5,040 Multimanager Large Cap Value $1,247 $2,072 $2,941 $4,975 N/A $2,072 $2,941 $4,975 Multimanager Mid Cap Growth $1,255 $2,097 $2,981 $5,049 N/A $2,097 $2,981 $5,049 Multimanager Mid Cap Value $1,254 $2,094 $2,976 $5,040 N/A $2,094 $2,976 $5,040 Multimanager Small Cap Growth $1,265 $2,125 $3,028 $5,135 N/A $2,125 $3,028 $5,135 Multimanager Small Cap Value $1,260 $2,109 $3,002 $5,087 N/A $2,109 $3,002 $5,087 Multimanager Technology $1,275 $2,154 $3,074 $5,219 N/A $2,154 $3,074 $5,219 ------------------------------------------------------------------------------------------------------------------- EQ ADVISORS TRUST: ------------------------------------------------------------------------------------------------------------------- EQ/Core Bond Index $1,197 $1,924 $2,699 $4,521 N/A $1,924 $2,699 $4,521 EQ/Intermediate Government Bond Index $1,200 $1,932 $2,712 $4,546 N/A $1,932 $2,712 $4,546 -------------------------------------------------------------------------------------------------------------------- If you do not surrender your contract at the end of the applicable time period ------------------------------------------------------------------------ 1 3 5 10 Portfolio Name year years years years ------------------------------------------------------------------------ AXA PREMIER VIP TRUST: ------------------------------------------------------------------------ Multimanager Aggressive Equity $429 $1,318 $2,253 $4,810 Multimanager Core Bond $424 $1,304 $2,231 $4,769 Multimanager Health Care $474 $1,451 $2,469 $5,210 Multimanager High Yield $424 $1,305 $2,232 $4,771 Multimanager International Equity $458 $1,406 $2,397 $5,078 Multimanager Large Cap Core Equity $444 $1,365 $2,330 $4,954 Multimanager Large Cap Growth $454 $1,394 $2,376 $5,040 Multimanager Large Cap Value $447 $1,372 $2,341 $4,975 Multimanager Mid Cap Growth $455 $1,397 $2,381 $5,049 Multimanager Mid Cap Value $454 $1,394 $2,376 $5,040 Multimanager Small Cap Growth $465 $1,425 $2,428 $5,135 Multimanager Small Cap Value $460 $1,409 $2,402 $5,087 Multimanager Technology $475 $1,454 $2,474 $5,219 ------------------------------------------------------------------------ EQ ADVISORS TRUST: ------------------------------------------------------------------------ EQ/Core Bond Index $397 $1,224 $2,099 $4,521 EQ/Intermediate Government Bond Index $400 $1,232 $2,112 $4,546 ------------------------------------------------------------------------
Accumulator(R) is issued by and is a registered service mark of AXA Equitable Life Insurance Company (AXA Equitable). Accumulator(R) Plus(SM) is a service mark of AXA Equitable. Co-distributed by affiliates AXA Advisors, LLC and AXA Distributors, LLC, 1290 Avenue of the Americas, New York, NY 10104. Copyright 2009 AXA Equitable Life Insurance Company. All rights reserved. AXA Equitable Life Insurance Company 1290 Avenue of the Americas New York, NY 10104 212-554-1234 3 AXA Equitable Life Insurance Company SUPPLEMENT DATED JANUARY 15, 2009 TO THE CURRENT PROSPECTUS FOR ACCUMULATOR(R) PLUS(SM) - -------------------------------------------------------------------------------- This Supplement updates certain information in the most recent prospectus and statement of additional information you received and in any supplements to that prospectus and statement of additional information (collectively, the "Prospectus"). You should read this Supplement in conjunction with the Prospectus and retain it for future reference. Unless otherwise indicated, all other information included in the Prospectus remains unchanged. The terms and section headings we use in this Supplement have the same meaning as in the Prospectus. We will send you another copy of any prospectus or supplement without charge upon request. Please contact the customer service group referenced in the Prospectus. The purpose of this Supplement is to provide you with information regarding certain changes to the Accumulator(R) Plus(SM)Prospectus. Please note the changes described below. 1. CHANGES TO PORTFOLIOS OF AXA PREMIER VIP TRUST AND EQ ADVISORS TRUST ("TRUSTS") A. PORTFOLIO NAME CHANGES Effective on or about January 15, 2009, the following Portfolio name changes as listed below will occur. Accordingly, all references to their respective corresponding investment options in the Prospectus are also changed. ---------------------------------------------------------------------------- Existing Portfolio Name New Portfolio Name ---------------------------------------------------------------------------- EQ/AllianceBernstein Intermediate EQ/Intermediate Government Bond Index Government Securities ---------------------------------------------------------------------------- EQ/JPMorgan Core Bond EQ/Core Bond Index ---------------------------------------------------------------------------- B. PORTFOLIO SUB-ADVISER CHANGES Effective on or about January 15, 2009, SSgA Funds Management, Inc. will replace AllianceBernstein, L.P. as the Sub-Adviser to the EQ/Intermediate Government Bond Index Portfolio and JPMorgan Investment Management, Inc. as the Sub-Adviser to the EQ/Core Bond Index Portfolio. Also, SSgA Funds Management, Inc. will be added as a Sub-Adviser to the Portfolios of the AXA Premier VIP Trust listed in the table below. AXA Equitable Life Insurance Company will continue to be the Investment Manager of the Portfolios. See "Portfolios of the Trusts" in your Prospectus for more information. ---------------------------------- AXA Premier VIP Trust ---------------------------------- MULTIMANAGER AGGRESSIVE EQUITY ---------------------------------- MULTIMANAGER CORE BOND ---------------------------------- MULTIMANAGER HEALTH CARE ---------------------------------- MULTIMANAGER HIGH YIELD ---------------------------------- MULTIMANAGER INTERNATIONAL EQUITY ---------------------------------- MULTIMANAGER LARGE CAP CORE EQUITY ---------------------------------- MULTIMANAGER LARGE CAP GROWTH ---------------------------------- MULTIMANAGER LARGE CAP VALUE ---------------------------------- MULTIMANAGER MID CAP GROWTH ---------------------------------- MULTIMANAGER MID CAP VALUE ---------------------------------- MULTIMANAGER SMALL CAP GROWTH ---------------------------------- MULTIMANAGER SMALL CAP VALUE ---------------------------------- MULTIMANAGER TECHNOLOGY ---------------------------------- C. AMENDMENTS TO EXPENSE LIMITATION ARRANGEMENTS FOR CERTAIN PORTFOLIOS The Board of Trustees of the AXA Premier VIP Trust (the "Trust") recently approved revisions to the Expense Limitation Agreement (the "Agreement") between the Trust and AXA Equitable Life Insurance Company ("AXA Equitable"). The Agreement has been amended to reflect that AXA Equitable has agreed to modify the expense limitation arrangement to include the fees and expenses of the other investment companies in which the AXA Allocation Portfolios invest ("Acquired Fund Fees and Expenses") when calculating its obligations under the Agreement to make payments and to waive its management, administrative and other fees so that the AXA Allocation Portfolios' expenses do not exceed the Portfolios' expense limits. As a result of these changes, the current "Net Total Annual Expenses" and "Acquired Fund Fees and Expenses" will be reduced effective on or about January 1, 2009. IM-08-46 (1/09) PLUS NY '04 Catalog No. 142040 (1/09) '04 NY Series x02382 The Fee Table below reflects the new expenses for the AXA Allocation portfolios that are available under your contract. 2. FEE TABLE The following information is added under "Portfolio operating expenses expressed as an annual percentage of daily net assets" in the Prospectus, replacing the information shown for the Existing Portfolios (as listed above in the chart under section 1.A.) and other Portfolios that had a reduction in their expenses. (Portfolios whose names are changing are listed below under their new names.) In addition, the Prospectus indicates that a portion of the brokerage commissions of each of Multimanager Aggressive Equity, Multimanager Health Care, Multimanager Large Cap Core Equity, Multimanager Large Cap Growth, Multimanager Large Cap Value, Multimanager Mid Cap Growth, Multimanager Mid Cap Value, Multimanager Small Cap Growth, Multimanager Small Cap Value and Multimanager Technology are used to reduce each of these portfolios' expenses. This statement, as it pertains to these Portfolios, is deleted from the Prospectus.
Management 12b-1 Other Portfolio Name Fees Fees Expenses ---------------------------------------------------------------------- AXA Premier VIP Trust: ---------------------------------------------------------------------- AXA Aggressive Allocation 0.10% 0.25% 0.17% AXA Conservative Allocation 0.10% 0.25% 0.21% AXA Conservative-Plus Allocation 0.10% 0.25% 0.19% AXA Moderate Allocation 0.10% 0.25% 0.17% AXA Moderate-Plus Allocation 0.10% 0.25% 0.17% Multimanager Aggressive Equity 0.59% 0.25% 0.16% Multimanager Core Bond 0.53% 0.25% 0.18% Multimanager Health Care 0.95% 0.25% 0.22% Multimanager High Yield 0.53% 0.25% 0.18% Multimanager International Equity 0.82% 0.25% 0.21% Multimanager Large Cap Core Equity 0.69% 0.25% 0.21% Multimanager Large Cap Growth 0.75% 0.25% 0.24% Multimanager Large Cap Value 0.72% 0.25% 0.20% Multimanager Mid Cap Growth 0.80% 0.25% 0.20% Multimanager Mid Cap Value 0.80% 0.25% 0.19% Multimanager Small Cap Growth 0.85% 0.25% 0.24% Multimanager Small Cap Value 0.85% 0.25% 0.19% Multimanager Technology 0.95% 0.25% 0.22% ---------------------------------------------------------------------- EQ Advisors Trust ---------------------------------------------------------------------- EQ/Intermediate Government Bond Index 0.35% 0.25% 0.14% EQ/Core Bond Index 0.35% 0.25% 0.11% ---------------------------------------------------------------------- Acquired Net Total Fund Fees Total Annual Fee Waivers Annual and Expenses and/or Expenses Expenses (Before Expense (After (Underlying Expense Reimburse- Expense Portfolio Name Portfolios) Limitations) ments Limitations) ------------------------------------------------------------------------------------------------- AXA Premier VIP Trust: ------------------------------------------------------------------------------------------------- AXA Aggressive Allocation 0.92% 1.44% (0.19)% 1.25% AXA Conservative Allocation 0.69% 1.25% (0.25)% 1.00% AXA Conservative-Plus Allocation 0.76% 1.30% (0.20)% 1.10% AXA Moderate Allocation 0.82% 1.34% (0.19)% 1.15% AXA Moderate-Plus Allocation 0.86% 1.38% (0.18)% 1.20% Multimanager Aggressive Equity -- 1.00% -- 1.00% Multimanager Core Bond -- 0.96% 0.00% 0.96% Multimanager Health Care -- 1.42% 0.00% 1.42% Multimanager High Yield -- 0.96% -- 0.96% Multimanager International Equity -- 1.28% 0.00% 1.28% Multimanager Large Cap Core Equity -- 1.15% 0.00% 1.15% Multimanager Large Cap Growth -- 1.24% 0.00% 1.24% Multimanager Large Cap Value -- 1.17% 0.00% 1.17% Multimanager Mid Cap Growth -- 1.25% 0.00% 1.25% Multimanager Mid Cap Value -- 1.24% 0.00% 1.24% Multimanager Small Cap Growth -- 1.34% 0.00% 1.34% Multimanager Small Cap Value -- 1.29% 0.00% 1.29% Multimanager Technology 0.01% 1.43% 0.00% 1.43% ------------------------------------------------------------------------------------------------- EQ Advisors Trust ------------------------------------------------------------------------------------------------- EQ/Intermediate Government Bond Index -- 0.74% -- 0.74% EQ/Core Bond Index -- 0.71% -- 0.71% -------------------------------------------------------------------------------------------------
3. REVISED "EXAMPLE" The following information is added under "Example" in the Prospectus, replacing the information shown for the Existing Portfolios (as listed above in the chart under section 1.A.) and other Portfolios that had a reduction in their expenses. (Portfolios whose names are changing are listed below under their new names.)
If you annuitize at the end of the applicable time period and select a non-life contingent period certain If you surrender your contract at the annuity option with less than five end of the applicable time period years ----------------------------------------------------------------------------------------------------------------- 1 3 5 10 1 3 5 10 Portfolio Name year years years years year years years years ----------------------------------------------------------------------------------------------------------------- AXA PREMIER VIP TRUST: ----------------------------------------------------------------------------------------------------------------- AXA Aggressive Allocation $1,190 $1,898 $2,646 $4,356 N/A $1,898 $2,646 $4,356 AXA Conservative Allocation $1,170 $1,837 $2,546 $4,165 N/A $1,837 $2,546 $4,165 AXA Conservative-Plus Allocation $1,175 $1,853 $2,572 $4,215 N/A $1,853 $2,572 $4,215 AXA Moderate Allocation $1,179 $1,866 $2,594 $4,256 N/A $1,866 $2,594 $4,256 AXA Moderate-Plus Allocation $1,184 $1,879 $2,615 $4,296 N/A $1,879 $2,615 $4,296 Multimanager Aggressive Equity $1,143 $1,757 $2,414 $3,909 N/A $1,757 $2,414 $3,909 ----------------------------------------------------------------------------------------------------------------- If you do not surrender your contract at the end of the applicable time period ------------------------------------------------------------------------- 1 3 5 10 Portfolio Name year years years years ------------------------------------------------------------------------- AXA PREMIER VIP TRUST: ------------------------------------------------------------------------- AXA Aggressive Allocation $390 $1,198 $2,046 $4,356 AXA Conservative Allocation $370 $1,137 $1,946 $4,165 AXA Conservative-Plus Allocation $375 $1,153 $1,972 $4,215 AXA Moderate Allocation $379 $1,166 $1,994 $4,256 AXA Moderate-Plus Allocation $384 $1,179 $2,015 $4,296 Multimanager Aggressive Equity $343 $1,057 $1,814 $3,909 -------------------------------------------------------------------------
2
If you annuitize at the end of the applicable time period and select a non-life contingent period certain If you surrender your contract at the annuity option with less than five end of the applicable time period years ------------------------------------------------------------------------------------------------------------------ 1 3 5 10 1 3 5 10 Portfolio Name year years years years year years years years ------------------------------------------------------------------------------------------------------------------ AXA PREMIER VIP TRUST: ------------------------------------------------------------------------------------------------------------------ Multimanager Core Bond $1,138 $1,743 $2,391 $3,866 N/A $1,743 $2,391 $3,866 Multimanager Health Care $1,188 $1,892 $2,636 $4,336 N/A $1,892 $2,636 $4,336 Multimanager High Yield $1,138 $1,744 $2,392 $3,868 N/A $1,744 $2,392 $3,868 Multimanager International Equity $1,173 $1,847 $2,562 $4,195 N/A $1,847 $2,562 $4,195 Multimanager Large Cap Core Equity $1,159 $1,805 $2,493 $4,063 N/A $1,805 $2,493 $4,063 Multimanager Large Cap Growth $1,168 $1,834 $2,541 $4,155 N/A $1,834 $2,541 $4,155 Multimanager Large Cap Value $1,161 $1,812 $2,504 $4,085 N/A $1,812 $2,504 $4,085 Multimanager Mid Cap Growth $1,170 $1,837 $2,546 $4,165 N/A $1,837 $2,546 $4,165 Multimanager Mid Cap Value $1,168 $1,834 $2,541 $4,155 N/A $1,834 $2,541 $4,155 Multimanager Small Cap Growth $1,179 $1,866 $2,594 $4,256 N/A $1,866 $2,594 $4,256 Multimanager Small Cap Value $1,174 $1,850 $2,567 $4,205 N/A $1,850 $2,567 $4,205 Multimanager Technology $1,189 $1,895 $2,641 $4,346 N/A $1,895 $2,641 $4,346 ------------------------------------------------------------------------------------------------------------------ EQ ADVISORS TRUST: ------------------------------------------------------------------------------------------------------------------ EQ/Core Bond Index $1,111 $1,662 $2,256 $3,600 N/A $1,662 $2,256 $3,600 EQ/Intermediate Government Bond Index $1,114 $1,670 $2,270 $3,627 N/A $1,670 $2,270 $3,627 ------------------------------------------------------------------------------------------------------------------ If you do not surrender your contract at the end of the applicable time period -------------------------------------------------------------------------- 1 3 5 10 Portfolio Name year years years years -------------------------------------------------------------------------- AXA PREMIER VIP TRUST: -------------------------------------------------------------------------- Multimanager Core Bond $338 $1,043 $1,791 $3,866 Multimanager Health Care $388 $1,192 $2,036 $4,336 Multimanager High Yield $338 $1,044 $1,792 $3,868 Multimanager International Equity $373 $1,147 $1,962 $4,195 Multimanager Large Cap Core Equity $359 $1,105 $1,893 $4,063 Multimanager Large Cap Growth $368 $1,134 $1,941 $4,155 Multimanager Large Cap Value $361 $1,112 $1,904 $4,085 Multimanager Mid Cap Growth $370 $1,137 $1,946 $4,165 Multimanager Mid Cap Value $368 $1,134 $1,941 $4,155 Multimanager Small Cap Growth $379 $1,166 $1,994 $4,256 Multimanager Small Cap Value $374 $1,150 $1,967 $4,205 Multimanager Technology $389 $1,195 $2,041 $4,346 -------------------------------------------------------------------------- EQ ADVISORS TRUST: -------------------------------------------------------------------------- EQ/Core Bond Index $311 $ 962 $1,656 $3,600 EQ/Intermediate Government Bond Index $314 $ 970 $1,670 $3,627 --------------------------------------------------------------------------
Accumulator(R) is issued by and is a registered service mark of AXA Equitable Life Insurance Company (AXA Equitable). Accumulator(R) Plus(SM) is a service mark of AXA Equitable. Co-distributed by affiliates AXA Advisors, LLC and AXA Distributors, LLC, 1290 Avenue of the Americas, New York, NY 10104. Copyright 2009 AXA Equitable Life Insurance Company. All rights reserved. AXA Equitable Life Insurance Company 1290 Avenue of the Americas New York, NY 10104 212-554-1234 3 AXA Equitable Life Insurance Company SUPPLEMENT DATED JANUARY 15, 2009 TO THE CURRENT PROSPECTUS FOR ACCUMULATOR(R) SELECT(SM) - -------------------------------------------------------------------------------- This Supplement updates certain information in the most recent prospectus and statement of additional information you received and in any supplements to that prospectus and statement of additional information (collectively, the "Prospectus"). You should read this Supplement in conjunction with the Prospectus and retain it for future reference. Unless otherwise indicated, all other information included in the Prospectus remains unchanged. The terms and section headings we use in this Supplement have the same meaning as in the Prospectus. We will send you another copy of any prospectus or supplement without charge upon request. Please contact the customer service group referenced in the Prospectus. The purpose of this Supplement is to provide you with information regarding certain changes to the Accumulator(R) Select(SM) Prospectus. Please note the changes described below. 1. CHANGES TO PORTFOLIOS OF AXA PREMIER VIP TRUST AND EQ ADVISORS TRUST ("TRUSTS") A. PORTFOLIO NAME CHANGES Effective on or about January 15, 2009, the following Portfolio name changes as listed below will occur. Accordingly, all references to their respective corresponding investment options in the Prospectus are also changed. ---------------------------------------------------------------------------- Existing Portfolio Name New Portfolio Name ---------------------------------------------------------------------------- EQ/AllianceBernstein Intermediate EQ/Intermediate Government Bond Index Government Securities ---------------------------------------------------------------------------- EQ/JPMorgan Core Bond EQ/Core Bond Index ---------------------------------------------------------------------------- B. PORTFOLIO SUB-ADVISER CHANGES Effective on or about January 15, 2009, SSgA Funds Management, Inc. will replace AllianceBernstein, L.P. as the Sub-Adviser to the EQ/Intermediate Government Bond Index Portfolio and JPMorgan Investment Management, Inc. as the Sub-Adviser to the EQ/Core Bond Index Portfolio. Also, SSgA Funds Management, Inc. will be added as a Sub-Adviser to the Portfolios of the AXA Premier VIP Trust listed in the table below. AXA Equitable Life Insurance Company will continue to be the Investment Manager of the Portfolios. See "Portfolios of the Trusts" in your Prospectus for more information. ------------------------------------ AXA Premier VIP Trust ------------------------------------ MULTIMANAGER AGGRESSIVE EQUITY ------------------------------------ MULTIMANAGER CORE BOND ------------------------------------ MULTIMANAGER HEALTH CARE ------------------------------------ MULTIMANAGER HIGH YIELD ------------------------------------ MULTIMANAGER INTERNATIONAL EQUITY ------------------------------------ MULTIMANAGER LARGE CAP CORE EQUITY ------------------------------------ MULTIMANAGER LARGE CAP GROWTH ------------------------------------ MULTIMANAGER LARGE CAP VALUE ------------------------------------ MULTIMANAGER MID CAP GROWTH ------------------------------------ MULTIMANAGER MID CAP VALUE ------------------------------------ MULTIMANAGER SMALL CAP GROWTH ------------------------------------ MULTIMANAGER SMALL CAP VALUE ------------------------------------ MULTIMANAGER TECHNOLOGY ------------------------------------ C. AMENDMENTS TO EXPENSE LIMITATION ARRANGEMENTS FOR CERTAIN PORTFOLIOS The Board of Trustees of the AXA Premier VIP Trust (the "Trust") recently approved revisions to the Expense Limitation Agreement (the "Agreement") between the Trust and AXA Equitable Life Insurance Company ("AXA Equitable"). The Agreement has been amended to reflect that AXA Equitable has agreed to modify the expense limitation arrangement to include the fees and expenses of the other investment companies in which the AXA Allocation Portfolios invest ("Acquired Fund Fees and Expenses") when calculating its obligations under the Agreement to make payments and to waive its management, administrative and other fees so that the AXA Allocation Portfolios' expenses do not exceed the Portfolios' expense limits. As a result of these changes, the current "Net Total Annual Expenses" and "Acquired Fund Fees and Expenses" will be reduced effective on or about January 1, 2009. IM-08-45 (1/09) SELECT NY '04 Catalog No.142039 (1/09) '04 NY Series x02383 The Fee Table below reflects the new expenses for the AXA Allocation portfolios that are available under your contract. 2. FEE TABLE The following information is added under "Portfolio operating expenses expressed as an annual percentage of daily net assets" in the Prospectus, replacing the information shown for the Existing Portfolios (as listed above in the chart under section 1.A.) and other Portfolios that had a reduction in their expenses. (Portfolios whose names are changing are listed below under their new names.) In addition, the Prospectus indicates that a portion of the brokerage commissions of each of Multimanager Aggressive Equity, Multimanager Health Care, Multimanager Large Cap Core Equity, Multimanager Large Cap Growth, Multimanager Large Cap Value, Multimanager Mid Cap Growth, Multimanager Mid Cap Value, Multimanager Small Cap Growth, Multimanager Small Cap Value and Multimanager Technology are used to reduce each of these portfolios' expenses. This statement, as it pertains to these Portfolios, is deleted from the Prospectus.
------------------------------------------------------------------------ Management 12b-1 Other Portfolio Name Fees Fees Expenses ------------------------------------------------------------------------ AXA Premier VIP Trust: ------------------------------------------------------------------------ AXA Aggressive Allocation 0.10% 0.25% 0.17% AXA Conservative Allocation 0.10% 0.25% 0.21% AXA Conservative-Plus Allocation 0.10% 0.25% 0.19% AXA Moderate Allocation 0.10% 0.25% 0.17% AXA Moderate-Plus Allocation 0.10% 0.25% 0.17% Multimanager Aggressive Equity 0.59% 0.25% 0.16% Multimanager Core Bond 0.53% 0.25% 0.18% Multimanager Health Care 0.95% 0.25% 0.22% Multimanager High Yield 0.53% 0.25% 0.18% Multimanager International Equity 0.82% 0.25% 0.21% Multimanager Large Cap Core Equity 0.69% 0.25% 0.21% Multimanager Large Cap Growth 0.75% 0.25% 0.24% Multimanager Large Cap Value 0.72% 0.25% 0.20% Multimanager Mid Cap Growth 0.80% 0.25% 0.20% Multimanager Mid Cap Value 0.80% 0.25% 0.19% Multimanager Small Cap Growth 0.85% 0.25% 0.24% Multimanager Small Cap Value 0.85% 0.25% 0.19% Multimanager Technology 0.95% 0.25% 0.22% ------------------------------------------------------------------------ EQ Advisors Trust ------------------------------------------------------------------------ EQ/Intermediate Government 0.35% 0.25% 0.14% Bond Index EQ/Core Bond Index 0.35% 0.25% 0.11% ------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------ Acquired Net Total Fund Fees Total Annual Fee Waivers Annual and Expenses and/or Expenses Expenses (Before Expense (After (Underlying Expense Reimburse- Expense Portfolio Name Portfolios) Limitations) ments Limitations) ------------------------------------------------------------------------------------------------ AXA Premier VIP Trust: ------------------------------------------------------------------------------------------------ AXA Aggressive Allocation 0.92% 1.44% (0.19)% 1.25% AXA Conservative Allocation 0.69% 1.25% (0.25)% 1.00% AXA Conservative-Plus Allocation 0.76% 1.30% (0.20)% 1.10% AXA Moderate Allocation 0.82% 1.34% (0.19)% 1.15% AXA Moderate-Plus Allocation 0.86% 1.38% (0.18)% 1.20% Multimanager Aggressive Equity -- 1.00% -- 1.00% Multimanager Core Bond -- 0.96% 0.00% 0.96% Multimanager Health Care -- 1.42% 0.00% 1.42% Multimanager High Yield -- 0.96% -- 0.96% Multimanager International Equity -- 1.28% 0.00% 1.28% Multimanager Large Cap Core Equity -- 1.15% 0.00% 1.15% Multimanager Large Cap Growth -- 1.24% 0.00% 1.24% Multimanager Large Cap Value -- 1.17% 0.00% 1.17% Multimanager Mid Cap Growth -- 1.25% 0.00% 1.25% Multimanager Mid Cap Value -- 1.24% 0.00% 1.24% Multimanager Small Cap Growth -- 1.34% 0.00% 1.34% Multimanager Small Cap Value -- 1.29% 0.00% 1.29% Multimanager Technology 0.01% 1.43% 0.00% 1.43% ------------------------------------------------------------------------------------------------ EQ Advisors Trust ------------------------------------------------------------------------------------------------ EQ/Intermediate Government Bond Index -- 0.74% -- 0.74% EQ/Core Bond Index -- 0.71% -- 0.71% ------------------------------------------------------------------------------------------------
3. REVISED "EXAMPLE" The following information is added under "Example" in the Prospectus, replacing the information shown for the Existing Portfolios (as listed above in the chart under section 1.A.) and other Portfolios that had a reduction in their expenses. (Portfolios whose names are changing are listed below under their new names.)
------------------------------------------------------------------------------------------------------------- If you surrender or do not surrender If you annuitize at the end of the your contract at the applicable time period end of the applicable time period ------------------------------------------------------------------------------------------------------------- 1 3 5 10 1 3 5 10 Portfolio Name year years years years year years years years ------------------------------------------------------------------------------------------------------------- AXA PREMIER VIP TRUST: ------------------------------------------------------------------------------------------------------------- AXA Aggressive Allocation N/A $1,689 $2,633 $5,193 $436 $1,339 $2,283 $4,843 AXA Conservative Allocation N/A $1,630 $2,538 $5,017 $416 $1,280 $2,188 $4,667 AXA Conservative-Plus Allocation N/A $1,646 $2,563 $5,064 $422 $1,296 $2,213 $4,714 AXA Moderate Allocation N/A $1,658 $2,583 $5,101 $426 $1,308 $2,233 $4,751 AXA Moderate-Plus Allocation N/A $1,671 $2,603 $5,138 $430 $1,321 $2,253 $4,788 Multimanager Aggressive Equity N/A $1,554 $2,413 $4,782 $390 $1,204 $2,063 $4,432 Multimanager Core Bond N/A $1,541 $2,392 $4,742 $386 $1,191 $2,042 $4,392 Multimanager Health Care N/A $1,683 $2,623 $5,175 $434 $1,333 $2,273 $4,825 Multimanager High Yield N/A $1,541 $2,393 $4,744 $386 $1,191 $2,043 $4,394 -------------------------------------------------------------------------------------------------------------
2
-------------------------------------------------------------------------------------------------------------- If you surrender or do not surrender If you annuitize at the end of the your contract at the applicable time period end of the applicable time period -------------------------------------------------------------------------------------------------------------- 1 3 5 10 1 3 5 10 Portfolio Name year years years years year years years years -------------------------------------------------------------------------------------------------------------- AXA PREMIER VIP TRUST: -------------------------------------------------------------------------------------------------------------- Multimanager International Equity N/A $1,640 $2,553 $5,045 $420 $1,290 $2,203 $4,695 Multimanager Large Cap Core Equity N/A $1,600 $2,488 $4,923 $406 $1,250 $2,138 $4,573 Multimanager Large Cap Growth N/A $1,627 $2,533 $5,008 $415 $1,277 $2,183 $4,658 Multimanager Large Cap Value N/A $1,606 $2,499 $4,944 $408 $1,256 $2,149 $4,594 Multimanager Mid Cap Growth N/A $1,630 $2,538 $5,017 $416 $1,280 $2,188 $4,667 Multimanager Mid Cap Value N/A $1,627 $2,533 $5,008 $415 $1,277 $2,183 $4,658 Multimanager Small Cap Growth N/A $1,658 $2,583 $5,101 $426 $1,308 $2,233 $4,751 Multimanager Small Cap Value N/A $1,643 $2,558 $5,055 $421 $1,293 $2,208 $4,705 Multimanager Technology N/A $1,686 $2,628 $5,184 $435 $1,336 $2,278 $4,834 -------------------------------------------------------------------------------------------------------------- EQ ADVISORS TRUST: -------------------------------------------------------------------------------------------------------------- EQ/Core Bond Index N/A $1,463 $2,264 $4,498 $360 $1,113 $1,914 $4,148 EQ/Intermediate Government Bond Index N/A $1,471 $2,277 $4,522 $362 $1,121 $1,927 $4,172 --------------------------------------------------------------------------------------------------------------
Accumulator(R) is issued by and is a registered service mark of AXA Equitable Life Insurance Company (AXA Equitable). Accumulator(R) Select(SM) is a service mark of AXA Equitable. Co-distributed by affiliates AXA Advisors, LLC and AXA Distributors, LLC, 1290 Avenue of the Americas, New York, NY 10104. Copyright 2009 AXA Equitable Life Insurance Company. All rights reserved. AXA Equitable Life Insurance Company 1290 Avenue of the Americas New York, NY 10104 212-554-1234 3 AXA Equitable Life Insurance Company SUPPLEMENT DATED JANUARY 15, 2009 TO THE CURRENT PROSPECTUS FOR ACCUMULATOR(R) ELITE(SM) - -------------------------------------------------------------------------------- This Supplement updates certain information in the most recent prospectus and statement of additional information you received and in any supplements to that prospectus and statement of additional information (collectively, the "Prospectus"). You should read this Supplement in conjunction with the Prospectus and retain it for future reference. Unless otherwise indicated, all other information included in the Prospectus remains unchanged. The terms and section headings we use in this Supplement have the same meaning as in the Prospectus. We will send you another copy of any prospectus or supplement without charge upon request. Please contact the customer service group referenced in the Prospectus. The purpose of this Supplement is to provide you with information regarding certain changes to the Accumulator(R) Elite(SM) Prospectus. Please note the changes described below. 1. CHANGES TO PORTFOLIOS OF AXA PREMIER VIP TRUST AND EQ ADVISORS TRUST ("TRUSTS") A. PORTFOLIO NAME CHANGES Effective on or about January 15, 2009, the following Portfolio name changes as listed below will occur. Accordingly, all references to their respective corresponding investment options in the Prospectus are also changed. ---------------------------------------------------------------------------- Existing Portfolio Name New Portfolio Name ---------------------------------------------------------------------------- EQ/AllianceBernstein Intermediate EQ/Intermediate Government Bond Index Government Securities ---------------------------------------------------------------------------- EQ/JPMorgan Core Bond EQ/Core Bond Index ---------------------------------------------------------------------------- B. PORTFOLIO SUB-ADVISER CHANGES Effective on or about January 15, 2009, SSgA Funds Management, Inc. will replace AllianceBernstein, L.P. as the Sub-Adviser to the EQ/Intermediate Government Bond Index Portfolio and JPMorgan Investment Management, Inc. as the Sub-Adviser to the EQ/Core Bond Index Portfolio. Also, SSgA Funds Management, Inc. will be added as a Sub-Adviser to the Portfolios of the AXA Premier VIP Trust listed in the table below. AXA Equitable Life Insurance Company will continue to be the Investment Manager of the Portfolios. See "Portfolios of the Trusts" in your Prospectus for more information. ----------------------------------- AXA Premier VIP Trust ----------------------------------- MULTIMANAGER AGGRESSIVE EQUITY ----------------------------------- MULTIMANAGER CORE BOND ----------------------------------- MULTIMANAGER HEALTH CARE ----------------------------------- MULTIMANAGER HIGH YIELD ----------------------------------- MULTIMANAGER INTERNATIONAL EQUITY ----------------------------------- MULTIMANAGER LARGE CAP CORE EQUITY ----------------------------------- MULTIMANAGER LARGE CAP GROWTH ----------------------------------- MULTIMANAGER LARGE CAP VALUE ----------------------------------- MULTIMANAGER MID CAP GROWTH ----------------------------------- MULTIMANAGER MID CAP VALUE ----------------------------------- MULTIMANAGER SMALL CAP GROWTH ----------------------------------- MULTIMANAGER SMALL CAP VALUE ----------------------------------- MULTIMANAGER TECHNOLOGY ----------------------------------- C. AMENDMENTS TO EXPENSE LIMITATION ARRANGEMENTS FOR CERTAIN PORTFOLIOS The Board of Trustees of the AXA Premier VIP Trust (the "Trust") recently approved revisions to the Expense Limitation Agreement (the "Agreement") between the Trust and AXA Equitable Life Insurance Company ("AXA Equitable"). The Agreement has been amended to reflect that AXA Equitable has agreed to modify the expense limitation arrangement to include the fees and expenses of the other investment companies in which the AXA Allocation Portfolios invest ("Acquired Fund Fees and Expenses") when calculating its obligations under the IM-08-44 (1/09) ELITE NY '04 Catalog No.142038 (1/09) '04 NY Series x02384 Agreement to make payments and to waive its management, administrative and other fees so that the AXA Allocation Portfolios' expenses do not exceed the Portfolios' expense limits. As a result of these changes, the current "Net Total Annual Expenses" and "Acquired Fund Fees and Expenses" will be reduced effective on or about January 1, 2009. The Fee Table below reflects the new expenses for the AXA Allocation portfolios that are available under your contract. 2. FEE TABLE The following information is added under "Portfolio operating expenses expressed as an annual percentage of daily net assets" in the Prospectus, replacing the information shown for the Existing Portfolios (as listed above in the chart under section 1.A.) and other Portfolios that had a reduction in their expenses. (Portfolios whose names are changing are listed below under their new names.) In addition, the Prospectus indicates that a portion of the brokerage commissions of each of Multimanager Aggressive Equity, Multimanager Health Care, Multimanager Large Cap Core Equity, Multimanager Large Cap Growth, Multimanager Large Cap Value, Multimanager Mid Cap Growth, Multimanager Mid Cap Value, Multimanager Small Cap Growth, Multimanager Small Cap Value and Multimanager Technology are used to reduce each of these portfolios' expenses. This statement, as it pertains to these Portfolios, is deleted from the Prospectus.
---------------------------------------------------------------------- Management 12b-1 Other Portfolio Name Fees Fees Expenses ---------------------------------------------------------------------- AXA Premier VIP Trust: ---------------------------------------------------------------------- AXA Aggressive Allocation 0.10% 0.25% 0.17% AXA Conservative Allocation 0.10% 0.25% 0.21% AXA Conservative-Plus Allocation 0.10% 0.25% 0.19% AXA Moderate Allocation 0.10% 0.25% 0.17% AXA Moderate-Plus Allocation 0.10% 0.25% 0.17% Multimanager Aggressive Equity 0.59% 0.25% 0.16% Multimanager Core Bond 0.53% 0.25% 0.18% Multimanager Health Care 0.95% 0.25% 0.22% Multimanager High Yield 0.53% 0.25% 0.18% Multimanager International Equity 0.82% 0.25% 0.21% Multimanager Large Cap Core Equity 0.69% 0.25% 0.21% Multimanager Large Cap Growth 0.75% 0.25% 0.24% Multimanager Large Cap Value 0.72% 0.25% 0.20% Multimanager Mid Cap Growth 0.80% 0.25% 0.20% Multimanager Mid Cap Value 0.80% 0.25% 0.19% Multimanager Small Cap Growth 0.85% 0.25% 0.24% Multimanager Small Cap Value 0.85% 0.25% 0.19% Multimanager Technology 0.95% 0.25% 0.22% ---------------------------------------------------------------------- EQ Advisors Trust ---------------------------------------------------------------------- EQ/Intermediate Government Bond Index0.35% 0.25% 0.14% EQ/Core Bond Index 0.35% 0.25% 0.11% ---------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- Acquired Net Total Fund Fees Total Annual Fee Waivers Annual and Expenses and/or Expenses Expenses (Before Expense (After (Underlying Expense Reimburse- Expense Portfolio Name Portfolios) Limitations) ments Limitations) ---------------------------------------------------------------------------------------------- AXA Premier VIP Trust: ---------------------------------------------------------------------------------------------- AXA Aggressive Allocation 0.92% 1.44% (0.19)% 1.25% AXA Conservative Allocation 0.69% 1.25% (0.25)% 1.00% AXA Conservative-Plus Allocation 0.76% 1.30% (0.20)% 1.10% AXA Moderate Allocation 0.82% 1.34% (0.19)% 1.15% AXA Moderate-Plus Allocation 0.86% 1.38% (0.18)% 1.20% Multimanager Aggressive Equity -- 1.00% -- 1.00% Multimanager Core Bond -- 0.96% 0.00% 0.96% Multimanager Health Care -- 1.42% 0.00% 1.42% Multimanager High Yield -- 0.96% -- 0.96% Multimanager International Equity -- 1.28% 0.00% 1.28% Multimanager Large Cap Core Equity -- 1.15% 0.00% 1.15% Multimanager Large Cap Growth -- 1.24% 0.00% 1.24% Multimanager Large Cap Value -- 1.17% 0.00% 1.17% Multimanager Mid Cap Growth -- 1.25% 0.00% 1.25% Multimanager Mid Cap Value -- 1.24% 0.00% 1.24% Multimanager Small Cap Growth -- 1.34% 0.00% 1.34% Multimanager Small Cap Value -- 1.29% 0.00% 1.29% Multimanager Technology 0.01% 1.43% 0.00% 1.43% ---------------------------------------------------------------------------------------------- EQ Advisors Trust ---------------------------------------------------------------------------------------------- EQ/Intermediate Government -- 0.74% -- 0.74% Bond Index EQ/Core Bond Index -- 0.71% -- 0.71% ----------------------------------------------------------------------------------------------
3. REVISED "EXAMPLE" The following information is added under "Example" in the Prospectus, replacing the information shown for the Existing Portfolios (as listed above in the chart under section 1.A.) and other Portfolios that had a reduction in their expenses. (Portfolios whose names are changing are listed below under their new names.)
--------------------------------------------------------------------------------------------------------------- If you annuitize at the end of the applicable time period and select a non-life contingent period certain If you surrender your contract at the annuity option with less than five end of the applicable time period years --------------------------------------------------------------------------------------------------------------- 1 3 5 10 1 3 5 10 Portfolio Name year years years years year years years years --------------------------------------------------------------------------------------------------------------- AXA PREMIER VIP TRUST: --------------------------------------------------------------------------------------------------------------- AXA Aggressive Allocation $1,194 $1,810 $2,062 $4,372 N/A $1,810 $2,062 $4,372 AXA Conservative Allocation $1,174 $1,751 $1,966 $4,191 N/A $1,751 $1,966 $4,191 AXA Conservative-Plus Allocation $1,180 $1,766 $1,992 $4,239 N/A $1,766 $1,992 $4,239 AXA Moderate Allocation $1,184 $1,779 $2,012 $4,277 N/A $1,779 $2,012 $4,277 --------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------- If you do not surrender your contract at the end of the applicable time period ----------------------------------------------------------------------- 1 3 5 10 Portfolio Name year years years years ----------------------------------------------------------------------- AXA PREMIER VIP TRUST: ----------------------------------------------------------------------- AXA Aggressive Allocation $394 $1,210 $2,062 $4,372 AXA Conservative Allocation $374 $1,151 $1,966 $4,191 AXA Conservative-Plus Allocation $380 $1,166 $1,992 $4,239 AXA Moderate Allocation $384 $1,179 $2,012 $4,277 -----------------------------------------------------------------------
2
----------------------------------------------------------------------------------------------------------------- If you annuitize at the end of the applicable time period and select a non-life contingent period certain If you surrender your contract at the annuity option with less than five end of the applicable time period years ----------------------------------------------------------------------------------------------------------------- 1 3 5 10 1 3 5 10 Portfolio Name year years years years year years years years ----------------------------------------------------------------------------------------------------------------- AXA PREMIER VIP TRUST: ----------------------------------------------------------------------------------------------------------------- AXA Moderate-Plus Allocation $1,188 $1,791 $2,032 $4,315 N/A $1,791 $2,032 $4,315 Multimanager Aggressive Equity $1,148 $1,674 $1,840 $3,950 N/A $1,674 $1,840 $3,950 Multimanager Core Bond $1,144 $1,661 $1,818 $3,909 N/A $1,661 $1,818 $3,909 Multimanager Health Care $1,192 $1,803 $2,052 $4,353 N/A $1,803 $2,052 $4,353 Multimanager High Yield $1,144 $1,661 $1,819 $3,911 N/A $1,661 $1,819 $3,911 Multimanager International Equity $1,177 $1,760 $1,981 $4,220 N/A $1,760 $1,981 $4,220 Multimanager Large Cap Core Equity $1,164 $1,720 $1,915 $4,095 N/A $1,720 $1,915 $4,095 Multimanager Large Cap Growth $1,173 $1,748 $1,961 $4,182 N/A $1,748 $1,961 $4,182 Multimanager Large Cap Value $1,166 $1,727 $1,927 $4,116 N/A $1,727 $1,927 $4,116 Multimanager Mid Cap Growth $1,174 $1,751 $1,966 $4,191 N/A $1,751 $1,966 $4,191 Multimanager Mid Cap Value $1,173 $1,748 $1,961 $4,182 N/A $1,748 $1,961 $4,182 Multimanager Small Cap Growth $1,184 $1,779 $2,012 $4,277 N/A $1,779 $2,012 $4,277 Multimanager Small Cap Value $1,178 $1,763 $1,987 $4,230 N/A $1,763 $1,987 $4,230 Multimanager Technology $1,193 $1,806 $2,057 $4,363 N/A $1,806 $2,057 $4,363 ----------------------------------------------------------------------------------------------------------------- EQ ADVISORS TRUST: ----------------------------------------------------------------------------------------------------------------- EQ/Core Bond Index $1,118 $1,582 $1,689 $3,658 N/A $1,582 $1,689 $3,658 EQ/Intermediate Government Bond Index $1,120 $1,590 $1,702 $3,683 N/A $1,590 $1,702 $3,683 ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------- If you do not surrender your contract at the end of the applicable time period --------------------------------------------------------------------------- 1 3 5 10 Portfolio Name year years years years --------------------------------------------------------------------------- AXA PREMIER VIP TRUST: --------------------------------------------------------------------------- AXA Moderate-Plus Allocation $388 $1,191 $2,032 $4,315 Multimanager Aggressive Equity $348 $1,074 $1,840 $3,950 Multimanager Core Bond $344 $1,061 $1,818 $3,909 Multimanager Health Care $392 $1,203 $2,052 $4,353 Multimanager High Yield $344 $1,061 $1,819 $3,911 Multimanager International Equity $377 $1,160 $1,981 $4,220 Multimanager Large Cap Core Equity $364 $1,120 $1,915 $4,095 Multimanager Large Cap Growth $373 $1,148 $1,961 $4,182 Multimanager Large Cap Value $366 $1,127 $1,927 $4,116 Multimanager Mid Cap Growth $374 $1,151 $1,966 $4,191 Multimanager Mid Cap Value $373 $1,148 $1,961 $4,182 Multimanager Small Cap Growth $384 $1,179 $2,012 $4,277 Multimanager Small Cap Value $378 $1,163 $1,987 $4,230 Multimanager Technology $393 $1,206 $2,057 $4,363 --------------------------------------------------------------------------- EQ ADVISORS TRUST: --------------------------------------------------------------------------- EQ/Core Bond Index $318 $ 982 $1,689 $3,658 EQ/Intermediate Government Bond Index $320 $ 990 $1,702 $3,683 ---------------------------------------------------------------------------
Accumulator(R) is issued by and is a registered service mark of AXA Equitable Life Insurance Company (AXA Equitable). Accumulator(R) Elite(SM) is a service mark of AXA Equitable. Co-distributed by affiliates AXA Advisors, LLC and AXA Distributors, LLC, 1290 Avenue of the Americas, New York, NY 10104. Copyright 2009 AXA Equitable Life Insurance Company. All rights reserved. AXA Equitable Life Insurance Company 1290 Avenue of the Americas New York, NY 10104 212-554-1234 3 AXA Equitable Life Insurance Company SUPPLEMENT DATED JANUARY 15, 2009 TO THE CURRENT PROSPECTUS FOR ACCUMULATOR(R) - -------------------------------------------------------------------------------- This Supplement updates certain information in the most recent prospectus and statement of additional information you received and in any supplements to that prospectus and statement of additional information (collectively, the "Prospectus"). You should read this Supplement in conjunction with the Prospectus and retain it for future reference. Unless otherwise indicated, all other information included in the Prospectus remains unchanged. The terms and section headings we use in this Supplement have the same meaning as in the Prospectus. We will send you another copy of any prospectus or supplement without charge upon request. Please contact the customer service group referenced in the Prospectus. The purpose of this Supplement is to provide you with information regarding certain changes to the Accumulator(R) Prospectus. Please note the changes described below. 1. CHANGES TO PORTFOLIOS OF AXA PREMIER VIP TRUST AND EQ ADVISORS TRUST ("TRUSTS") A. PORTFOLIO NAME CHANGES Effective on or about January 15, 2009, the following Portfolio name changes as listed below will occur. Accordingly, all references to their respective corresponding investment options in the Prospectus are also changed. ---------------------------------------------------------------------------- Existing Portfolio Name New Portfolio Name ---------------------------------------------------------------------------- EQ/AllianceBernstein Intermediate EQ/Intermediate Government Bond Index Government Securities ---------------------------------------------------------------------------- EQ/JPMorgan Core Bond EQ/Core Bond Index ---------------------------------------------------------------------------- B. PORTFOLIO SUB-ADVISER CHANGES Effective on or about January 15, 2009, SSgA Funds Management, Inc. will replace AllianceBernstein, L.P. as the Sub-Adviser to the EQ/Intermediate Government Bond Index Portfolio and JPMorgan Investment Management, Inc. as the Sub-Adviser to the EQ/Core Bond Index Portfolio. Also, SSgA Funds Management, Inc. will be added as a Sub-Adviser to the Portfolios of the AXA Premier VIP Trust listed in the table below. AXA Equitable Life Insurance Company will continue to be the Investment Manager of the Portfolios. See "Portfolios of the Trusts" in your Prospectus for more information. ----------------------------------- AXA Premier VIP Trust ----------------------------------- MULTIMANAGER AGGRESSIVE EQUITY ----------------------------------- MULTIMANAGER CORE BOND ----------------------------------- MULTIMANAGER HEALTH CARE ----------------------------------- MULTIMANAGER HIGH YIELD ----------------------------------- MULTIMANAGER INTERNATIONAL EQUITY ----------------------------------- MULTIMANAGER LARGE CAP CORE EQUITY ----------------------------------- MULTIMANAGER LARGE CAP GROWTH ----------------------------------- MULTIMANAGER LARGE CAP VALUE ----------------------------------- MULTIMANAGER MID CAP GROWTH ----------------------------------- MULTIMANAGER MID CAP VALUE ----------------------------------- MULTIMANAGER SMALL CAP GROWTH ----------------------------------- MULTIMANAGER SMALL CAP VALUE ----------------------------------- MULTIMANAGER TECHNOLOGY ----------------------------------- C. AMENDMENTS TO EXPENSE LIMITATION ARRANGEMENTS FOR CERTAIN PORTFOLIOS The Board of Trustees of the AXA Premier VIP Trust (the "Trust") recently approved revisions to the Expense Limitation Agreement (the "Agreement") between the Trust and AXA Equitable Life Insurance Company ("AXA Equitable"). The Agreement has been amended to reflect that AXA Equitable has agreed to modify the expense limitation arrangement to include the fees and expenses of the other investment companies in which the AXA Allocation Portfolios invest ("Acquired Fund Fees and Expenses") when calculating its obligations under the Agreement to make payments and to waive its management, administrative and other fees so that the AXA Allocation Portfolios' expenses do not exceed the Portfolios' expense limits. As a result of these changes, the current "Net Total Annual Expenses" and "Acquired Fund Fees and Expenses" will be reduced effective on or about January 1, 2009. The Fee Table below reflects the new expenses for the AXA Allocation portfolios that are available under your contract. IM-08-43 (1/09) CORE NY '04 Catalog No.142037 (1/09) '04 NY Series x02385 2. FEE TABLE The following information is added under "Portfolio operating expenses expressed as an annual percentage of daily net assets" in the Prospectus, replacing the information shown for the Existing Portfolios (as listed above in the chart under section 1.A.) and other Portfolios that had a reduction in their expenses. (Portfolios whose names are changing are listed below under their new names.) In addition, the Prospectus indicates that a portion of the brokerage commissions of each of Multimanager Aggressive Equity, Multimanager Health Care, Multimanager Large Cap Core Equity, Multimanager Large Cap Growth, Multimanager Large Cap Value, Multimanager Mid Cap Growth, Multimanager Mid Cap Value, Multimanager Small Cap Growth, Multimanager Small Cap Value and Multimanager Technology are used to reduce each of these portfolios' expenses. This statement, as it pertains to these Portfolios, is deleted from the Prospectus.
---------------------------------------------------------------------- Management 12b-1 Other Portfolio Name Fees Fees Expenses ---------------------------------------------------------------------- AXA Premier VIP Trust: ---------------------------------------------------------------------- AXA Aggressive Allocation 0.10% 0.25% 0.17% AXA Conservative Allocation 0.10% 0.25% 0.21% AXA Conservative-Plus Allocation 0.10% 0.25% 0.19% AXA Moderate Allocation 0.10% 0.25% 0.17% AXA Moderate-Plus Allocation 0.10% 0.25% 0.17% Multimanager Aggressive Equity 0.59% 0.25% 0.16% Multimanager Core Bond 0.53% 0.25% 0.18% Multimanager Health Care 0.95% 0.25% 0.22% Multimanager High Yield 0.53% 0.25% 0.18% Multimanager International Equity 0.82% 0.25% 0.21% Multimanager Large Cap Core Equity 0.69% 0.25% 0.21% Multimanager Large Cap Growth 0.75% 0.25% 0.24% Multimanager Large Cap Value 0.72% 0.25% 0.20% Multimanager Mid Cap Growth 0.80% 0.25% 0.20% Multimanager Mid Cap Value 0.80% 0.25% 0.19% Multimanager Small Cap Growth 0.85% 0.25% 0.24% Multimanager Small Cap Value 0.85% 0.25% 0.19% Multimanager Technology 0.95% 0.25% 0.22% ---------------------------------------------------------------------- EQ Advisors Trust ---------------------------------------------------------------------- EQ/Intermediate Government Bond Index 0.35% 0.25% 0.14% EQ/Core Bond Index 0.35% 0.25% 0.11% ---------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- Acquired Net Total Fund Fees Total Annual Fee Waivers Annual and Expenses and/or Expenses Expenses (Before Expense (After (Underlying Expense Reimburse- Expense Portfolio Name Portfolios) Limitations) ments Limitations) ------------------------------------------------------------------------------------------------- AXA Premier VIP Trust: ------------------------------------------------------------------------------------------------- AXA Aggressive Allocation 0.92% 1.44% (0.19)% 1.25% AXA Conservative Allocation 0.69% 1.25% (0.25)% 1.00% AXA Conservative-Plus Allocation 0.76% 1.30% (0.20)% 1.10% AXA Moderate Allocation 0.82% 1.34% (0.19)% 1.15% AXA Moderate-Plus Allocation 0.86% 1.38% (0.18)% 1.20% Multimanager Aggressive Equity -- 1.00% -- 1.00% Multimanager Core Bond -- 0.96% 0.00% 0.96% Multimanager Health Care -- 1.42% 0.00% 1.42% Multimanager High Yield -- 0.96% -- 0.96% Multimanager International Equity -- 1.28% 0.00% 1.28% Multimanager Large Cap Core Equity -- 1.15% 0.00% 1.15% Multimanager Large Cap Growth -- 1.24% 0.00% 1.24% Multimanager Large Cap Value -- 1.17% 0.00% 1.17% Multimanager Mid Cap Growth -- 1.25% 0.00% 1.25% Multimanager Mid Cap Value -- 1.24% 0.00% 1.24% Multimanager Small Cap Growth -- 1.34% 0.00% 1.34% Multimanager Small Cap Value -- 1.29% 0.00% 1.29% Multimanager Technology 0.01% 1.43% 0.00% 1.43% ------------------------------------------------------------------------------------------------- EQ Advisors Trust ------------------------------------------------------------------------------------------------- EQ/Intermediate Government Bond Index -- 0.74% -- 0.74% EQ/Core Bond Index -- 0.71% -- 0.71% -------------------------------------------------------------------------------------------------
3. REVISED "EXAMPLE" The following information is added under "Example" in the Prospectus, replacing the information shown for the Existing Portfolios (as listed above in the chart under section 1.A.) and other Portfolios that had a reduction in their expenses. (Portfolios whose names are changing are listed below under their new names.)
-------------------------------------------------------------------------------------------------------------- If you annuitize at the end of the applicable time period and select a non-life contingent period certain If you surrender your contract at the annuity option with less than five end of the applicable time period years -------------------------------------------------------------------------------------------------------------- 1 3 5 10 1 3 5 10 Portfolio Name year years years years year years years years -------------------------------------------------------------------------------------------------------------- AXA PREMIER VIP TRUST: -------------------------------------------------------------------------------------------------------------- AXA Aggressive Allocation $1,053 $1,686 $2,361 $3,990 N/A $1,686 $2,361 $3,990 AXA Conservative Allocation $1,033 $1,627 $2,263 $3,802 N/A $1,627 $2,263 $3,802 AXA Conservative-Plus Allocation $1,038 $1,643 $2,289 $3,852 N/A $1,643 $2,289 $3,852 AXA Moderate Allocation $1,042 $1,655 $2,309 $3,892 N/A $1,655 $2,309 $3,892 AXA Moderate-Plus Allocation $1,046 $1,668 $2,330 $3,931 N/A $1,668 $2,330 $3,931 Multimanager Aggressive Equity $1,007 $1,549 $2,134 $3,551 N/A $1,549 $2,134 $3,551 Multimanager Core Bond $1,002 $1,536 $2,112 $3,507 N/A $1,536 $2,112 $3,507 Multimanager Health Care $1,050 $1,680 $2,350 $3,971 N/A $1,680 $2,350 $3,971 -------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------- If you do not surrender your contract at the end of the applicable time period ----------------------------------------------------------------------- 1 3 5 10 Portfolio Name year years years years ----------------------------------------------------------------------- AXA PREMIER VIP TRUST: ----------------------------------------------------------------------- AXA Aggressive Allocation $353 $1,086 $1,861 $3,990 AXA Conservative Allocation $333 $1,027 $1,763 $3,802 AXA Conservative-Plus Allocation $338 $1,043 $1,789 $3,852 AXA Moderate Allocation $342 $1,055 $1,809 $3,892 AXA Moderate-Plus Allocation $346 $1,068 $1,830 $3,931 Multimanager Aggressive Equity $307 $ 949 $1,634 $3,551 Multimanager Core Bond $302 $ 936 $1,612 $3,507 Multimanager Health Care $350 $1,080 $1,850 $3,971 -----------------------------------------------------------------------
2
---------------------------------------------------------------------------------------------------------------- If you annuitize at the end of the applicable time period and select a non-life contingent period certain If you surrender your contract at the annuity option with less than five end of the applicable time period years ---------------------------------------------------------------------------------------------------------------- 1 3 5 10 1 3 5 10 Portfolio Name year years years years year years years years ---------------------------------------------------------------------------------------------------------------- AXA PREMIER VIP TRUST: ---------------------------------------------------------------------------------------------------------------- Multimanager High Yield $1,002 $1,537 $2,113 $3,509 N/A $1,537 $2,113 $3,509 Multimanager International Equity $1,036 $1,636 $2,278 $3,832 N/A $1,636 $2,278 $3,832 Multimanager Large Cap Core Equity $1,022 $1,596 $2,211 $3,701 N/A $1,596 $2,211 $3,701 Multimanager Large Cap Growth $1,032 $1,624 $2,258 $3,792 N/A $1,624 $2,258 $3,792 Multimanager Large Cap Value $1,024 $1,603 $2,223 $3,724 N/A $1,603 $2,223 $3,724 Multimanager Mid Cap Growth $1,033 $1,627 $2,263 $3,802 N/A $1,627 $2,263 $3,802 Multimanager Mid Cap Value $1,032 $1,624 $2,258 $3,792 N/A $1,624 $2,258 $3,792 Multimanager Small Cap Growth $1,042 $1,655 $2,309 $3,892 N/A $1,655 $2,309 $3,892 Multimanager Small Cap Value $1,037 $1,640 $2,284 $3,842 N/A $1,640 $2,284 $3,842 Multimanager Technology $1,051 $1,683 $2,356 $3,981 N/A $1,683 $2,356 $3,981 ---------------------------------------------------------------------------------------------------------------- EQ ADVISORS TRUST: ---------------------------------------------------------------------------------------------------------------- EQ/Core Bond Index $ 976 $1,457 $1,981 $3,246 N/A $1,457 $1,981 $3,246 EQ/Intermediate Government Bond Index $ 979 $1,465 $1,994 $3,273 N/A $1,465 $1,994 $3,273 ---------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------- If you do not surrender your contract at the end of the applicable time period ---------------------------------------------------------------------------- 1 3 5 10 Portfolio Name year years years years ---------------------------------------------------------------------------- AXA PREMIER VIP TRUST: ---------------------------------------------------------------------------- Multimanager High Yield $302 $ 937 $1,613 $3,509 Multimanager International Equity $336 $1,036 $1,778 $3,832 Multimanager Large Cap Core Equity $322 $ 996 $1,711 $3,701 Multimanager Large Cap Growth $332 $1,024 $1,758 $3,792 Multimanager Large Cap Value $324 $1,003 $1,723 $3,724 Multimanager Mid Cap Growth $333 $1,027 $1,763 $3,802 Multimanager Mid Cap Value $332 $1,024 $1,758 $3,792 Multimanager Small Cap Growth $342 $1,055 $1,809 $3,892 Multimanager Small Cap Value $337 $1,040 $1,784 $3,842 Multimanager Technology $351 $1,083 $1,856 $3,981 ---------------------------------------------------------------------------- EQ ADVISORS TRUST: ---------------------------------------------------------------------------- EQ/Core Bond Index $276 $ 857 $1,481 $3,246 EQ/Intermediate Government Bond Index $279 $ 865 $1,494 $3,273 ----------------------------------------------------------------------------
Accumulator(R) is issued by and is a registered service mark of AXA Equitable Life Insurance Company (AXA Equitable). Co-distributed by affiliates AXA Advisors, LLC and AXA Distributors, LLC, 1290 Avenue of the Americas, New York, NY 10104. Copyright 2009 AXA Equitable Life Insurance Company. All rights reserved. AXA Equitable Life Insurance Company 1290 Avenue of the Americas New York, NY 10104 212-554-1234 3 AXA Equitable Life Insurance Company SUPPLEMENT DATED JANUARY 15, 2009 TO THE CURRENT PROSPECTUS FOR o Income Manager Accumulator(R) o Accumulator(R) o Accumulator(R) Elite(SM) o Income Manager(R) Rollover IRA o Accumulator(R) Select(SM) o Accumulator(R) Elite(SM) II o Accumulator(R) (IRA, NQ, QP) o Accumulator(R) Select(SM) II o Accumulator(R) Plus(SM) o Accumulator(R) Express(SM)
- -------------------------------------------------------------------------------- This Supplement modifies certain information in the above-referenced prospectus, supplements to prospectus and statement of additional information, (together the "Prospectus"). You should read this Supplement in conjunction with the Prospectus and retain it for future reference. Unless otherwise indicated, all other information included in the Prospectus remains unchanged. The terms we use in this Supplement have the same meaning as in the Prospectus. We will send you another copy of any prospectus or supplement without charge upon request. Please contact the customer service center referenced in the Prospectus. The purpose of this Supplement is to provide you with information regarding name, sub-adviser and fee changes to certain Portfolios. Please note the changes described below. 1. CHANGES TO PORTFOLIOS OF AXA PREMIER VIP TRUST AND EQ ADVISORS TRUST ("TRUSTS") A. PORTFOLIO NAME CHANGES Effective on or about January 15, 2009, the following Portfolio name changes as listed below will occur. Accordingly, all references to their respective corresponding investment options in the Prospectus are also changed. ---------------------------------------------------------------------------- Existing Portfolio Name New Portfolio Name ---------------------------------------------------------------------------- EQ/AllianceBernstein Intermediate EQ/Intermediate Government Bond Index Government Securities ---------------------------------------------------------------------------- EQ/JPMorgan Core Bond EQ/Core Bond Index ---------------------------------------------------------------------------- B. PORTFOLIO SUB-ADVISER CHANGES Effective on or about January 15, 2009, SSgA Funds Management, Inc. will replace AllianceBernstein, L.P. as the Sub-Adviser to the EQ/Intermediate Government Bond Index Portfolio and JPMorgan Investment Management, Inc. as the Sub-Adviser to the EQ/Core Bond Index Portfolio. Also, SSgA Funds Management, Inc. will be added as a Sub-Adviser to the Portfolios of the AXA Premier VIP Trust listed in the table below. AXA Equitable Life Insurance Company will continue to be the Investment Manager of the Portfolios. See "Portfolios of the Trusts" in your Prospectus for more information. ---------------------------------------------------------------------------- AXA Premier VIP Trust ---------------------------------------------------------------------------- MULTIMANAGER AGGRESSIVE EQUITY ---------------------------------------------------------------------------- MULTIMANAGER CORE BOND ---------------------------------------------------------------------------- MULTIMANAGER HEALTH CARE ---------------------------------------------------------------------------- MULTIMANAGER HIGH YIELD ---------------------------------------------------------------------------- MULTIMANAGER INTERNATIONAL EQUITY ---------------------------------------------------------------------------- MULTIMANAGER LARGE CAP CORE EQUITY ---------------------------------------------------------------------------- MULTIMANAGER LARGE CAP GROWTH ---------------------------------------------------------------------------- MULTIMANAGER LARGE CAP VALUE ---------------------------------------------------------------------------- MULTIMANAGER MID CAP GROWTH ---------------------------------------------------------------------------- MULTIMANAGER MID CAP VALUE ---------------------------------------------------------------------------- MULTIMANAGER SMALL CAP GROWTH ---------------------------------------------------------------------------- MULTIMANAGER SMALL CAP VALUE ---------------------------------------------------------------------------- MULTIMANAGER TECHNOLOGY ---------------------------------------------------------------------------- ACCUMULATOR -- IN FORCE x02444 C. AMENDMENTS TO EXPENSE LIMITATION ARRANGEMENTS FOR CERTAIN PORTFOLIOS The Board of Trustees of the AXA Premier VIP Trust (the "Trust") recently approved revisions to the Expense Limitation Agreement (the "Agreement") between the Trust and AXA Equitable Life Insurance Company ("AXA Equitable"). The Agreement has been amended to reflect that AXA Equitable has agreed to modify the expense limitation arrangement to include the fees and expenses of the other investment companies in which the AXA Allocation Portfolios invest ("Acquired Fund Fees and Expenses") when calculating its obligations under the Agreement to make payments and to waive its management, administrative and other fees so that the AXA Allocation Portfolios' expenses do not exceed the Portfolios' expense limits. As a result of these changes, the current "Net Total Annual Expenses" and "Acquired Fund Fees and Expenses" will be reduced effective on or about January 1, 2009. The Fee Table below reflects the new expenses for the AXA Allocation portfolios that are available under your contract. 2. FEE TABLE The following information is added under "Portfolio operating expenses expressed as an annual percentage of daily net assets" in the Prospectus, replacing the information shown for the Existing Portfolios listed above in the chart in section 1 and other Portfolios that had a reduction in their expenses. (Portfolios whose names are changing are listed below under their new names.) In addition, the Prospectus indicates that a portion of the brokerage commissions of each of Multimanager Aggressive Equity, Multimanager Health Care, Multimanager Large Cap Core Equity, Multimanager Large Cap Growth, Multimanager Large Cap Value, Multimanager Mid Cap Growth, Multimanager Mid Cap Value, Multimanager Small Cap Growth, Multimanager Small Cap Value and Multimanager Technology are used to reduce each of these portfolios' expenses. This statement, as it pertains to these Portfolios, is deleted from the Prospectus.
----------------------------------------------------------------------- Management 12b-1 Other Portfolio Name Fees Fees Expenses ----------------------------------------------------------------------- AXA Premier VIP Trust ----------------------------------------------------------------------- AXA Aggressive Allocation 0.10% 0.25% 0.17% AXA Conservative Allocation 0.10% 0.25% 0.21% AXA Conservative-Plus Allocation 0.10% 0.25% 0.19% AXA Moderate Allocation 0.10% 0.25% 0.17% AXA Moderate-Plus Allocation 0.10% 0.25% 0.17% Multimanager Aggressive Equity 0.59% 0.25% 0.16% Multimanager Core Bond 0.53% 0.25% 0.18% Multimanager Health Care 0.95% 0.25% 0.22% Multimanager High Yield 0.53% 0.25% 0.18% Multimanager International Equity 0.82% 0.25% 0.21% Multimanager Large Cap Core Equity 0.69% 0.25% 0.21% Multimanager Large Cap Growth 0.75% 0.25% 0.24% Multimanager Large Cap Value 0.72% 0.25% 0.20% Multimanager Mid Cap Growth 0.80% 0.25% 0.20% Multimanager Mid Cap Value 0.80% 0.25% 0.19% Multimanager Small Cap Growth 0.85% 0.25% 0.24% Multimanager Small Cap Value 0.85% 0.25% 0.19% Multimanager Technology 0.95% 0.25% 0.22% ----------------------------------------------------------------------- EQ Advisors Trust ----------------------------------------------------------------------- EQ/Intermediate Government Bond Index 0.35% 0.25% 0.14% EQ/Core Bond Index 0.35% 0.25% 0.11% ----------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- Acquired Net Total Fund Fees Total Annual Fee Waivers Annual and Expenses and/or Expenses Expenses (Before Expense (After (Underlying Expense Reimburse- Expense Portfolio Name Portfolios) Limitations) ments Limitations) ---------------------------------------------------------------------------------------------- AXA Premier VIP Trust ---------------------------------------------------------------------------------------------- AXA Aggressive Allocation 0.92% 1.44% (0.19)% 1.25% AXA Conservative Allocation 0.69% 1.25% (0.25)% 1.00% AXA Conservative-Plus Allocation 0.76% 1.30% (0.20)% 1.10% AXA Moderate Allocation 0.82% 1.34% (0.19)% 1.15% AXA Moderate-Plus Allocation 0.86% 1.38% (0.18)% 1.20% Multimanager Aggressive Equity -- 1.00% -- 1.00% Multimanager Core Bond -- 0.96% 0.00% 0.96% Multimanager Health Care -- 1.42% 0.00% 1.42% Multimanager High Yield -- 0.96% -- 0.96% Multimanager International Equity -- 1.28% 0.00% 1.28% Multimanager Large Cap Core Equity -- 1.15% 0.00% 1.15% Multimanager Large Cap Growth -- 1.24% 0.00% 1.24% Multimanager Large Cap Value -- 1.17% 0.00% 1.17% Multimanager Mid Cap Growth -- 1.25% 0.00% 1.25% Multimanager Mid Cap Value -- 1.24% 0.00% 1.24% Multimanager Small Cap Growth -- 1.34% 0.00% 1.34% Multimanager Small Cap Value -- 1.29% 0.00% 1.29% Multimanager Technology 0.01% 1.43% 0.00% 1.43% ---------------------------------------------------------------------------------------------- EQ Advisors Trust ---------------------------------------------------------------------------------------------- EQ/Intermediate Government Bond Index -- 0.74% -- 0.74% EQ/Core Bond Index -- 0.71% -- 0.71% ----------------------------------------------------------------------------------------------
Copyright 2009 AXA Equitable Life Insurance Company. All rights reserved. Accumulator(R) and Income Manager(R) are issued by and are registered service marks of AXA Equitable Life Insurance Company (AXA Equitable). Accumulator(R) Plus(SM), Accumulator(R) Select(SM), Accumulator(R) Elite(SM) and Accumulator(R) Express(SM) are service marks of AXA Equitable. Co-distributed by affiliates AXA Advisors, LLC and AXA Distributors, LLC, 1290 Avenue of the Americas, New York, NY 10104. AXA Equitable Life Insurance Company 1290 Avenue of the Americas, New York, NY 10104 212-554-1234 2 -----END PRIVACY-ENHANCED MESSAGE-----