-----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, NrKvY0HuGpxWw6E7WNHV/QyiN7gOpJtS49JBANrcLMRJ+PvFR34jSz5BBQZfQGle SmrUyKM1rzCv9J1R1aGkaQ== 0000771726-07-000303.txt : 20070605 0000771726-07-000303.hdr.sgml : 20070605 20070605102619 ACCESSION NUMBER: 0000771726-07-000303 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070605 DATE AS OF CHANGE: 20070605 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: 333-142407 FILM NUMBER: 07899625 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 e9277.txt DEFINITIVE MATERIALS 424(b)(3) 333-142407 AXA Equitable Life Insurance Company SUPPLEMENT DATED MAY 1, 2007 TO THE MAY 1, 2007 PROSPECTUS FOR EQUI-VESTSM AT RETIREMENTSM - -------------------------------------------------------------------------------- This Supplement modifies certain information in the above-referenced Prospectus and Supplements to Prospectus and Statement of Additional Information, dated May 1, 2007, as previously supplemented (the "Prospectuses"). You should read this Supplement in conjunction with the Prospectuses and retain it for future reference. Unless otherwise indicated, all other information included in the Prospectuses remains unchanged. The terms and section headings we use in this Supplement have the same meaning as in the Prospectuses. We will send you another copy of any prospectus or supplement without charge upon request. Please contact the customer service group referenced in your prospectus. CHANGES TO PORTFOLIOS OF THE EQ ADVISORS TRUST 1. PORTFOLIO NAME AND ADVISER (AND SUB-ADVISER(S), AS APPLICABLE) CHANGES -- MAY 29, 2007 Effective on or about May 29, 2007, subject to regulatory approval, 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/Capital Guardian International MarketPLUS International Core - -------------------------------------------------------------------------------- EQ/FI Mid Cap Value MarketPLUS Mid Cap Value - -------------------------------------------------------------------------------- EQ/MFS Emerging Growth Companies MarketPLUS Large Cap Growth - -------------------------------------------------------------------------------- EQ/MFS Investors Trust MarketPLUS Large Cap Core - -------------------------------------------------------------------------------- EQ/Small Cap Value Multimanager Small Cap Value+ - -------------------------------------------------------------------------------- EQ/Small Company Growth Multimanager Small Cap Growth+ - -------------------------------------------------------------------------------- + These Portfolios will also be reorganized as Portfolios of the AXA Premier VIP Trust ("VIP Trust"). AXA Equitable Life Insurance Company ("AXA Equitable") in its capacity as Investment Manager of the VIP Trust will manage the assets of both Portfolios. In addition to the name changes shown in the table above, the following changes to each portfolio's objective and Investment Manager and/or Sub-Adviser(s) will also occur. The following is added under "Portfolios of the Trusts" under "Contract features and benefits" for the New Portfolios, replacing information shown for Existing Portfolios listed above:
- ------------------------------------------------------------------------------------------------------------------------------------ EQ Advisors Trust Investment Manager (or Sub-Adviser(s), as Portfolio Name Objective applicable) - ------------------------------------------------------------------------------------------------------------------------------------ MarketPLUS International Core Seeks to achieve long-term growth of capital. o AXA Equitable o Mellon Equity Associates LLC o Wentworth Hauser and Violich, Inc. - ------------------------------------------------------------------------------------------------------------------------------------ MarketPLUS Large Cap Core Seeks long-term growth of capital with a secondary o AXA Equitable objective to seek reasonable current income. For o Institutional Capital Corporation LLC purposes of this Portfolio, the words "reasonable o Mellon Equity Associates LLC current income" mean moderate income. - ------------------------------------------------------------------------------------------------------------------------------------ MarketPLUS Large Cap Growth Seeks to provide long-term capital growth. o AXA Equitable o Marsico Capital Management LLC o Mellon Equity Associates LLC - ------------------------------------------------------------------------------------------------------------------------------------ MarketPLUS Mid Cap Value Seeks long-term capital appreciation. o AXA Equitable o Mellon Equity Associates LLC o Wellington Management Company LLP - ------------------------------------------------------------------------------------------------------------------------------------
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- ------------------------------------------------------------------------------------------------------------------------------------ AXA Premier VIP Trust Investment Manager (or Sub-Adviser(s), as Portfolio Name Objective applicable) - ------------------------------------------------------------------------------------------------------------------------------------ o Bear Stearns Asset Management Inc. o Eagle Asset Management, Inc. - ------------------------------------------------------------------------------------------------------------------------------------ Multimanager Small Cap Growth Long-term growth of capital. o Wells Capital Management Inc. - ------------------------------------------------------------------------------------------------------------------------------------ Multimanager Small Cap Value Long-term growth of capital. o Franklin Advisory Services, LLC o Lazard Asset Management LLC - ------------------------------------------------------------------------------------------------------------------------------------
2. PORTFOLIO SUBSTITUTION -- JULY 9, 2007 Effective on or about July 9, 2007, subject to regulatory approval, interests in the EQ/Van Kampen Real Estate investment option (the "surviving option") will replace interests in the U.S. Real Estate -- Class II investment option (the "replaced option"). The table below shows the objective and the sub-adviser for the surviving option. We will move the assets from the replaced option into the surviving option on the date of the substitution. The value of your interest in the surviving option will be the same as it was in the replaced option. We will also automatically direct any contributions made to the replaced option to the surviving option. An allocation election to the replaced option will be considered as an allocation election to the surviving option. You may transfer your account value among the investment options, as usual. However, we may impose restrictions on transfers to prevent or limit disruptive transfer and other "market timing" activities by contract owners or registered representatives as more fully described in "Transferring your money among investment options" under "Disruptive transfer activity." Any account value remaining in the replaced option on the substitution date will be transferred to the surviving option. For more information about this substitution and for information on how to transfer your account value, please contact a customer service representative referenced in your Prospectus.
- ------------------------------------------------------------------------------------------------------------------------------------ Investment Manager (or Replaced (Current) Portfolio Surviving/New Portfolio Objective Sub-Adviser(s), as applicable) - ------------------------------------------------------------------------------------------------------------------------------------ U.S. Real Estate -- Class II EQ/Van Kampen Real Estate Seeks to provide above average Morgan Stanley Investment current income and long-term Management, Inc. capital appreciation. - ------------------------------------------------------------------------------------------------------------------------------------
3. PORTFOLIO MERGERS -- JULY 9, 2007 AND AUGUST 20, 2007 Effective on or about July 9, 2007 and August 20, 2007, subject to regulatory and shareholder approvals, interests in certain investment options (the "surviving options") will replace interests in current investment options (the "replaced options"), as listed in the table below. The table also shows the objective and the sub-adviser(s), for each surviving option. We will move the assets from each replaced option into the applicable surviving option on the date of the scheduled merger. The value of your interest in each surviving option will be the same as it was in the corresponding replaced option. We will also automatically direct any contributions made to a replaced option to the applicable surviving option. Any allocation election to a replaced option will be considered as an allocation election to the applicable surviving option. For more information about these Portfolio mergers, please contact a customer service representative referenced in your Prospectus. The mergers of the EQ/Capital Guardian U.S. Equity, EQ/Janus Large Cap Growth and EQ/Wells Fargo Montgomery Small Cap Portfolios will occur on or about July 9, 2007. The merger of the EQ/AllianceBernstein Growth and Income Portfolio will occur on or about August 20, 2007. Also, T. Rowe Price Associates, Inc. will replace TCW Investment Management Company as the Portfolio's sub-adviser and there will be a corresponding name change of the Portfolio to EQ/T. Rowe Price Growth Stock Portfolio. The expenses for the new EQ/T. Rowe Price Growth Stock Portfolio are shown in the Fee Table below.
- ------------------------------------------------------------------------------------------------------------------------------------ Investment Manager (or Replaced (Current) Portfolio Surviving/New Portfolio Objective Sub-Adviser(s), as applicable) - ------------------------------------------------------------------------------------------------------------------------------------ EQ/AllianceBernstein Growth and EQ/AllianceBernstein Value Seeks capital appreciation. AllianceBernstein L.P. Income - ------------------------------------------------------------------------------------------------------------------------------------ EQ/Capital Guardian U.S. Equity EQ/Capital Guardian Research Seeks to achieve long-term Capital Guardian Trust Company growth of capital. - ------------------------------------------------------------------------------------------------------------------------------------ EQ/Janus Large Cap Growth EQ/T. Rowe Price Growth Stock Seeks to achieve long-term T. Rowe Price Associates, Inc. capital appreciation. - ------------------------------------------------------------------------------------------------------------------------------------
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- ------------------------------------------------------------------------------------------------------------------------------------ Investment Manager (or Replaced (Current) Portfolio Surviving/New Portfolio Objective Sub-Adviser(s), as applicable) - ------------------------------------------------------------------------------------------------------------------------------------ EQ/Wells Fargo Montgomery Multimanager Small Cap Growth Long-term growth of capital. o Bear Stearns Asset Small Cap Management Inc. o Eagle Asset Management, Inc. o Wells Capital Management Inc. - ------------------------------------------------------------------------------------------------------------------------------------
4. FEE TABLE The following is added under "Portfolio operating expenses expressed as an annual percentage of daily net assets", replacing the information shown for the Existing and Replaced Portfolios listed above:
- ----------------------------------------------------------------------- Management 12b-1 Other Portfolio Name Fees Fees Expenses - ----------------------------------------------------------------------- AXA Premier VIP Trust: - ----------------------------------------------------------------------- Multimanager Small Cap Growth++ 1.05% 0.25% 0.23% Multimanager Small Cap Value++ 1.03% 0.25% 0.18% - ----------------------------------------------------------------------- EQ Advisors Trust: - ----------------------------------------------------------------------- EQ/T. Rowe Price Growth Stock++ 0.78% 0.25% 0.14% EQ/Van Kampen Real Estate* 0.90% 0.25% 0.13% MarketPLUS International Core++ 0.60% 0.25% 0.24% MarketPLUS Large Cap Core++ 0.50% 0.25% 0.23% MarketPLUS Large Cap Growth++ 0.50% 0.25% 0.19% MarketPLUS Mid Cap Value++ 0.55% 0.25% 0.18% - ----------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------- Acquired Total Annual Fee Waivers Net Total Fund Fees Expenses and/or Annual and Expenses (Before Expense Expenses (Underlying Expense Reimburse- (After Expense Portfolio Name Portfolios) Limitations) ments Limitations) - -------------------------------------------------------------------------------------------------- AXA Premier VIP Trust: - -------------------------------------------------------------------------------------------------- Multimanager Small Cap Growth++ -- 1.53% 0.00% 1.53% Multimanager Small Cap Value++ -- 1.46% 0.00% 1.46% - -------------------------------------------------------------------------------------------------- EQ Advisors Trust: - -------------------------------------------------------------------------------------------------- EQ/T. Rowe Price Growth Stock++ -- 1.17% (0.02)% 1.15% EQ/Van Kampen Real Estate* -- 1.28% (0.02)% 1.26% MarketPLUS International Core++ 0.05% 1.14% 0.00% 1.14% MarketPLUS Large Cap Core++ 0.02% 1.00% (0.03)% 0.97% MarketPLUS Large Cap Growth++ 0.02% 0.96% 0.00% 0.96% MarketPLUS Mid Cap Value++ 0.03% 1.01% 0.00% 1.01% - --------------------------------------------------------------------------------------------------
++ The expenses for this portfolio are based on the asset levels of its predecessor portfolio for the last fiscal year, adjusted to reflect current fees. * This is a newly created portfolio of the EQ Advisors Trust. Therefore, the fees and expenses presented in the table above are estimates for the current fiscal period. The following is added under "Example" replacing the information shown for the Existing and Replaced Portfolios listed above:
- -------------------------------------------------------------------------------------- If you surrender or 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 Small Cap Growth N/A $ 1,669.00 $ 2,602.00 $ 5,135.00 Multimanager Small Cap Value N/A $ 1,648.00 $ 2,567.00 $ 5,070.00 - -------------------------------------------------------------------------------------- EQ ADVISORS TRUST: - -------------------------------------------------------------------------------------- EQ/T. Rowe Price Growth Stock N/A $ 1,558.00 $ 2,420.00 $ 4,796.00 EQ/Van Kampen Real Estate N/A $ 1,592.00 $ 2,476.00 $ 4,901.00 MarketPLUS International Core N/A $ 1,549.00 $ 2,405.00 $ 4,767.00 MarketPLUS Large Cap Core N/A $ 1,505.00 $ 2,334.00 $ 4,631.00 MarketPLUS Large Cap Growth N/A $ 1,493.00 $ 2,313.00 $ 4,592.00 MarketPLUS Mid Cap Value N/A $ 1,508.00 $ 2,339.00 $ 4,641.00 - -------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------- If you annuitize at the end of the applicable time period - -------------------------------------------------------------------------------------------- 1 3 5 10 Portfolio Name year years years years - -------------------------------------------------------------------------------------------- AXA PREMIER VIP TRUST: - -------------------------------------------------------------------------------------------- Multimanager Small Cap Growth $ 430.00 $ 1,319.00 $ 2,252.00 $ 4,785.00 Multimanager Small Cap Value $ 422.00 $ 1,298.00 $ 2,217.00 $ 4,720.00 - -------------------------------------------------------------------------------------------- EQ ADVISORS TRUST: - -------------------------------------------------------------------------------------------- EQ/T. Rowe Price Growth Stock $ 392.00 $ 1,208.00 $ 2,070.00 $ 4,446.00 EQ/Van Kampen Real Estate $ 403.00 $ 1,242.00 $ 2,126.00 $ 4,551.00 MarketPLUS International Core $ 389.00 $ 1,199.00 $ 2,055.00 $ 4,417.00 MarketPLUS Large Cap Core $ 374.00 $ 1,155.00 $ 1,984.00 $ 4,281.00 MarketPLUS Large Cap Growth $ 370.00 $ 1,143.00 $ 1,963.00 $ 4,242.00 MarketPLUS Mid Cap Value $ 375.00 $ 1,158.00 $ 1,989.00 $ 4,291.00 - --------------------------------------------------------------------------------------------
AXA Equitable Life Insurance Company 1290 Avenue of the Americas New York, NY 10104 212-554-1234 3 -----END PRIVACY-ENHANCED MESSAGE-----