424B3 1 d194742d424b3.txt AXA EQUITABLE LIFE INSURANCE CO FILED PURSUANT TO RULE 424(B)(3) REGISTRATION NO. 333-210273 AXA Equitable Life Insurance Company SUPPLEMENT DATED MAY 16, 2016 TO THE MAY 1, 2016 PROSPECTUS FOR STRUCTURED CAPITAL STRATEGIES(R) 16 -------------------------------------------------------------------------------- This Supplement modifies certain information in the above-referenced Prospectus (the "Prospectus") offered by AXA Equitable Life Insurance Company ("AXA Equitable"). You should read this Supplement in conjunction with your Prospectus and retain it for future reference. Unless otherwise indicated, all other information included in your Prospectus remains unchanged. The terms we use in this Supplement have the same meaning as in your Prospectus. We will send you another copy of any prospectus or supplement without charge upon request. Please contact the customer service center referenced in your Prospectus. On or about May 16, 2016, Structured Capital Strategies(R) 16 will be available for sale in California. Accordingly, "Appendix II: State contract availability and/or variations of certain features and benefits" in the Prospectus is hereby supplemented with the following:
------------------------------------------------------------------------------- STATE FEATURES AND BENEFITS AVAILABILITY OR VARIATION ------------------------------------------------------------------------------- CALIFORNIA See "We require that the You are not required to use our following types of forms when making a transaction communications be on specific request. If a written request forms we provide for that contains all the information purpose" in "How to reach us" required to process the request, we will honor it. See "Contract features and If you reside in California and benefits" -- "Your right to you are age 60 or older at the cancel within a certain number time the contract is issued, you of days" may return your variable annuity contract within 30 days from the date that you receive it and receive a refund as described below. If you allocate your entire initial contribution to the EQ/Money Market option, the amount of your refund will be equal to your contribution, unless you make a transfer, in which case the amount of your refund will be equal to your account value on the date we receive your request to cancel at our processing office. This amount could be less than your initial contribution. If you allocate any portion of your initial contribution to the variable investment options (other than the EQ/Money Market option), your refund will be equal to your account value on the date we receive your request to cancel at our processing office. "RETURN OF CONTRIBUTION" FREE LOOK TREATMENT AVAILABLE THROUGH CERTAIN SELLING BROKER-DEALERS Certain selling broker-dealers offer an allocation method designed to preserve your right to a return of your contributions during the free look period. At the time of application, you will instruct your financial professional as to how your initial contribution and any subsequent contributions should be treated for the purpose of maintaining your free look right under the contract. Please consult your financial professional to learn more about the availability of "return of contribution" free look treatment. If you choose "return of contribution" free look treatment of your contract, we will allocate your entire contribution and any subsequent contributions made during the 30 day period following the Contract Date, to the EQ/Money Market investment option. In the event you choose to exercise your free look right under the contract, you will receive a refund equal to your contributions. If you choose the "return of contribution" free look treatment and your contract is still in effect on the 30th day (or next business day) following the Contract Date, we will automatically reallocate your account value to the investment options chosen on your application. -------------------------------------------------------------------------------
Form No. IM-08-16 (5/16) Catalog No.155797 (5/16) SAR SCS 16 New Biz/Inforce - CA only #194742
-------------------------------------------------------------------------------- STATE FEATURES AND BENEFITS AVAILABILITY OR VARIATION -------------------------------------------------------------------------------- CALIFORNIA Any transfers made prior to the (CONTINUED) expiration of the 30 day free look will terminate your right to "return of contribution" treatment in the event you choose to exercise your free look right under the contract. Any transfer made prior to the 30th day following the Contract Date will cancel the automatic reallocation on the 30th day (or next business day) following the Contract Date described above. If you do not want AXA Equitable to perform this scheduled one-time reallocation, you must call one of our customer service representatives at 1 (800) 789-7771 before the 30th day following the Contract Date to cancel. If you purchased your contract from a financial professional whose firm submits applications to AXA Equitable electronically, the Dollar Cap Averaging Program may not be available at the time your contract is issued. If this is the case and you wish to participate in the program after your contract has been issued, you must make your election on the applicable paper form and submit it to us separately. Depending on when we receive your form, you may miss the first available date on which your account value would otherwise be transferred to your designated Segment Type Holding Accounts. See "Dollar Cap Averaging If you elect to invest in the Program" and "Your right to Dollar Cap Averaging Program, cancel within a certain number you will not be eligible for the of days" in "Contract features "return of contribution" free and benefits" look treatment. By electing the Dollar Cap Averaging Program, you would only be eligible to receive a return of account value if you free look your contract. See "Charges and expenses"-- Items (i)-(iii) under this "Disability, terminal illness, section are deleted in their or confinement to a nursing entirety and replaced with: home" (For Series B contracts only) (i)We receive proof satisfactory to us (including certification by a U.S. licensed physician) that the Owner has a chronic illness as defined pursuant to either (a) or (b) below; (a)unable to perform two activities of daily living (bathing, continence, dressing, eating, toileting and transferring), meaning the Owner needs human assistance, or needs continual substantial supervision; or (b)impairment of cognitive ability, meaning a deterioration or loss of intellectual capacity due to mental illness or disease, including Alzheimer's disease or related illnesses, that requires continual supervision to protect oneself or others. (ii)We receive proof satisfactory to us (including certification by a U.S. licensed physician) that the Owner's life expectancy is twelve months or less. --------------------------------------------------------------------------------
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-------------------------------------------------------------------------------- STATE FEATURES AND BENEFITS AVAILABILITY OR VARIATION -------------------------------------------------------------------------------- CALIFORNIA (iii)The Owner is receiving, as (CONTINUED) prescribed by a physician, registered nurse, or licensed social worker, home care or community-based services (including adult day care, personal care, homemaker services, hospice services or respite care) or, is confined in a skilled nursing facility, convalescent nursing home, or extended care facility, which shall not be defined more restrictively than as in the Medicare program, or is confined in a residential care facility or residential care facility for the elderly, as defined in the Health and Safety Code. Out-of-state providers of services shall be defined as comparable in licensure and staffing requirements to California providers. See "More information" -- You can transfer ownership of an "Transfers of ownership, NQ contract at any time before collateral assignments, loans, annuity payments begin. You may and borrowing" assign your contract, unless otherwise restricted for tax qualification purposes. --------------------------------------------------------------------------------
Structured Capital Strategies(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 2016 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