424B3 1 d479737d424b3.htm 424B3 424B3

 

FILED PURSUANT TO RULE 424(B)(3)
REGISTRATION NO. 333-223706

AXA Equitable Life Insurance Company

MONY Life Insurance Company of America

 

Supplement dated August 1, 2018 to the current variable life prospectuses

 

 

 

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 and the Prospectus is hereby incorporated by reference. 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 operations center referenced in the Prospectus.

 

The Portfolios discussed below may not be available in all policies. Please refer to your Prospectus for the current variable investment options and corresponding underlying Portfolios available to you.

 

The purpose of this Supplement is to provide you with information regarding certain Portfolio substitutions. As is applicable to your policy, please note the following:

 

(1)

Substitution of Underlying Portfolio Shares

 

On or about October 22, 2018, subject to regulatory approval, shares of the Replacement Portfolios listed in the table below will be substituted for shares of the corresponding Removed Portfolios listed opposite their names at relative net asset value. Each of the Removed Portfolios currently serves as an underlying Portfolio for a variable investment option. At the time of the substitution, each impacted variable investment option will change its name to correspond to the Replacement Portfolio name. We will automatically direct any premium payments, allocation elections, rebalancing or other transaction made using the old variable investment option name to the applicable new variable investment option name. You may continue to transfer your policy account value among the investment options prior to the substitution, as usual, including choosing to transfer your policy account value in an impacted variable investment option to other investment options under your policy. You will not bear any of the expenses related to the substitutions, and the substitution will have no tax consequences for you. Please contact the operations center referenced in your Prospectus for more information about your variable investment options and for information on how to transfer your policy account value.

 

The Removed Portfolios (current underlying Portfolios) and corresponding Replacement Portfolios (new underlying Portfolios) are:

 

Removed Portfolio   Replacement Portfolio
American Century VP Mid Cap Value Fund   EQ/American Century Mid Cap Value Portfolio
Fidelity® VIP Contrafund®   EQ/Fidelity Institutional AMSM Large Cap Portfolio
Franklin Rising Dividends VIP Fund   EQ/Franklin Rising Dividends Portfolio
Franklin Strategic Income VIP Fund   EQ/Franklin Strategic Income Portfolio
Goldman Sachs VIT Mid Cap Value Fund   EQ/Goldman Sachs Mid Cap Value Portfolio
Invesco V.I. Global Real Estate Fund   EQ/Invesco Global Real Estate Portfolio
Invesco V.I. International Growth Fund   EQ/Invesco International Growth Portfolio
Ivy VIP Energy   EQ/Ivy Energy Portfolio
Ivy VIP Mid Cap Growth   EQ/Ivy Mid Cap Growth Portfolio
Ivy VIP Science and Technology   EQ/Ivy Science and Technology Portfolio
Lazard Retirement Emerging Markets Equity Portfolio   EQ/Lazard Emerging Markets Equity Portfolio
MFS® International Value Portfolio   EQ/MFS International Value Portfolio
MFS® Utilities Series   EQ/MFS Utilities Series Portfolio
PIMCO Real Return Portfolio   EQ/PIMCO Real Return Portfolio
PIMCO Total Return Portfolio   EQ/PIMCO Total Return Portfolio
T. Rowe Price Health Sciences Portfolio   EQ/T. Rowe Price Health Sciences Portfolio

 

Certain Removed Portfolios (and therefore the corresponding Replacement Portfolios) may not be available under your policy. See your Prospectus for more information.

 

 

EVM-09 (10.18)  
(10.18)  
Global Life - Inforce/New Biz   Catalog No. 158935
SAR Mail   #479737


(2) Portfolios of the Trusts

 

Effective on or about October 22, 2018, subject to regulatory approval, the following information for each Replacement Portfolio that is applicable to your policy is added under “Portfolios of the Trusts” in “About the Portfolios of the Trusts” in the Prospectus, relating to the Replacement Portfolios.

 

EQ Advisors Trust –

Class IB Shares
Portfolio Name
   Objective   

Investment Adviser (or

Sub-Adviser(s),

as applicable)

  

Volatility

Management

EQ/AMERICAN CENTURY MID CAP VALUE

   Seeks to achieve long-term capital growth. Income is a secondary objective.   

•  AXA Equitable Funds Management Group, LLC

•  Sub-Adviser: American Century Investment Management, Inc.

    

EQ/FIDELITY INSTITUTIONAL AMSM LARGE CAP

   Seeks to achieve long-term capital appreciation.   

•  AXA Equitable Funds Management Group, LLC

•  Sub-Adviser: FIAM LLC

    

EQ/FRANKLIN RISING DIVIDENDS

  

Seeks to achieve long-term capital appreciation. Preservation of capital, while not a goal, is also an

important consideration.

  

•  AXA Equitable Funds Management Group, LLC

•  Sub-Adviser: Franklin Advisers, Inc.

    

EQ/FRANKLIN STRATEGIC INCOME

   Seeks a high level of current income. A secondary goal is long-term capital appreciation.   

•  AXA Equitable Funds Management Group, LLC

•  Sub-Adviser: Franklin Advisers, Inc.

    

EQ/GOLDMAN SACHS MID CAP VALUE

   Seeks to achieve long-term capital appreciation.   

•  AXA Equitable Funds Management Group, LLC

•  Sub-Adviser: Goldman Sachs Asset Management, L.P.

    

EQ/INVESCO GLOBAL REAL ESTATE

   Seeks to achieve total return through growth of capital and current income.   

•  AXA Equitable Funds Management Group, LLC

•  Sub-Adviser: Invesco Advisers, Inc.

    

EQ/INVESCO INTERNATIONAL GROWTH

   Seeks to achieve long-term growth of capital.   

•  AXA Equitable Funds Management Group, LLC

•  Sub-Adviser: Invesco Advisers, Inc.

    

EQ/IVY ENERGY

   Seeks to provide capital growth and appreciation.   

•  AXA Equitable Funds Management Group, LLC

•  Sub-Adviser: Ivy Investment Management Company (“IICO”)

    

EQ/IVY MID CAP GROWTH

   Seeks to provide growth of capital.   

•  AXA Equitable Funds Management Group, LLC

•  Sub-Adviser: Ivy Investment Management Company (“IICO”)

    

EQ/IVY SCIENCE AND TECHNOLOGY

   Seeks to provide growth of capital.   

•  AXA Equitable Funds Management Group, LLC

•  Sub-Adviser: Ivy Investment Management Company (“IICO”)

    

EQ/LAZARD EMERGING MARKETS EQUITY

   Seeks to achieve long-term capital appreciation.   

•  AXA Equitable Funds Management Group, LLC

•  Sub-Adviser: Lazard Asset Management LLC

    

 

2


EQ Advisors Trust –
Class IB Shares
Portfolio Name
   Objective   

Investment Adviser (or

Sub-Adviser(s),

as applicable)

  

Volatility

Management

EQ/MFS INTERNATIONAL VALUE

   Seeks to achieve capital appreciation.   

•  AXA Equitable Funds Management Group, LLC

•  Sub-Adviser: Massachusetts Financial Services Company d/b/a MFS Investment Management (“MFS”)

    

EQ/MFS UTILITIES SERIES

   Seeks to achieve total return.   

•  AXA Equitable Funds Management Group, LLC

•  Sub-Adviser: Massachusetts Financial Services Company d/b/a MFS Investment Management (“MFS”)

    

EQ/PIMCO REAL RETURN

   Seeks to achieve maximum real return, consistent with preservation of capital and prudent investment management.   

•  AXA Equitable Funds Management Group, LLC

•  Sub-Adviser: Pacific Investment Management Company LLC (“PIMCO”)

    

EQ/PIMCO TOTAL RETURN

   Seeks to achieve maximum total return, consistent with preservation of capital and prudent investment management.   

•  AXA Equitable Funds Management Group, LLC

•  Sub-Adviser: Pacific Investment Management Company LLC (“PIMCO”)

    

EQ/T. ROWE PRICE HEALTH SCIENCES

   Seeks to achieve long-term capital appreciation.   

•  AXA Equitable Funds Management Group, LLC

•  Sub-Adviser: T. Rowe Price Associates, Inc.

    

 

Certain Removed Portfolios (and therefore the corresponding Replacement Portfolios) may not be available under your policy. See your Prospectus for more information.

 

 

 

Distributed by affiliate AXA Advisors, LLC and for certain contracts co-distributed by affiliate

AXA Distributors, LLC

1290 Avenue of the Americas

New York, NY 10104.

 

Copyright 2018 AXA Equitable Life Insurance Company and MONY Life Insurance Company of America.

All rights reserved.

 

AXA Equitable Life Insurance Company

MONY Life Insurance Company of America

1290 Avenue of the Americas

New York, NY 10104

212-554-1234

 

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