Life Insurance

AXA Life Insurance Review

By David Krug David Krug is the CEO & President of Bankovia. He's a lifelong expat who has lived in the Philippines, Mexico, Thailand, and Colombia. When he's not reading about cryptocurrencies, he's researching the latest personal finance software. 4 minute read

AXA Life Insurance, for your convenience, the organization offers both a regular policy package and a variety of optional extras to assist you in meeting your unique insurance needs. However, you will need to engage with a broker to secure insurance.

Pros and Cons of AXA Life Insurance

AXA Life Insurance Review - AXA Insurance Company Logo

Pros

  • Renewals are possible year after year.
  • Simple-to-adjust coverage
  • Adaptable policies that can be altered over time.
  • Does not rely exclusively on statistical evidence
  • The capability of an individual to pay his or her financial responsibilities

Cons

  • There are no quotes accessible on the internet at the moment.
  • The claims process is lengthy and complicated.

Equitable life insurance rates

Pricing is influenced by a variety of factors, including your gender, age, and area, as well as factors such as the amount of coverage you seek and the duration of the policy.

What affects my rate with Equitable?

To qualify for Equitable Preferred Elite rate category, the following prerequisites must be met:

  • I used to smoke cigarettes or take other drugs to get high in the past. Generally, you will receive the highest savings if you have never smoked or had a history of substance abuse.
  • Your driving record will be requested if necessary. If possible, avoid more than three moving offenses in the prior five years.
  • Throughout this treatment, your heart rate and blood pressure are monitored continually. Anyone under the age of 59 with a blood pressure measurement of 140/85 or above is ineligible for the program.
  • Hobbies or employment are both viable possibilities. If you operate in a high-risk field, such as piloting, you may have difficulty obtaining the most affordable insurance rates.

How to get a quote from Equitable life insurance

You will be required to speak with one of Equitable’s financial consultants. Utilize the company’s website’s search function to identify an Equitable location in your community or nearby.

What types of life insurance coverage does Equitable offer?

Equitable Insurance provides both term and permanent insurance to meet your needs.

  • Term life insurance. Equitable’s term life insurance policies are available for 1, 10, 15, or 20 years. Premiums are fixed, and if you die within the policy’s term, your beneficiaries are assured a death benefit.
  • Indexed life insuranceis a subset of universal life insurance. The insurer offers two distinct universal life insurance policies, the premiums and death benefits of which may be adjusted to match your unique needs. Because the cash value is linked to an index, it has a higher growth potential than other investments.
  • Variable-premium life insurance. If you follow this long-term strategy, you may pick and choose which stocks, bonds, and mutual funds to include in your investing portfolio.

What riders can I add to my AXA Life Insurance policy?

In some instances, these sorts of riders are offered for an additional fee.

Riders with disabilities or in need of life-saving medical attention

  • Rider provides a higher death benefit. If you’ve been diagnosed with a terminal diagnosis, you may be entitled to receive a portion of your disability income to assist pay for medical expenses, health care, and other necessities of life while handicapped.
  • As an add-on, supplemental disability income is offered. If you are between the ages of 18 and 59 and have a significant illness or condition, you may be able to have your life insurance policy terminated or fully paid out.
  • Long-term care rider. If you have a chronic disease and are receiving qualifying long-term care services as part of a care plan, you may be eligible for an accelerated death benefit. This benefit can be used to pay for qualified expenditures if you die early.
  • At the moment, riders are not required to pay any premiums. If you become permanently disabled, your insurance premiums will be waived in their entirety.

General riders

  • Child rider. Children are insured for a minimum of $1,000 and a maximum of $25,000.
  • In the event of an accident, you may be assured that the Rider will protect you. If you find yourself in a difficult financial condition, you can use this rider to increase the face value of your insurance or purchase a new policy.
  • The premium rider is resurgent. Your beneficiaries will get an extra death benefit equal to a percentage of the monthly premiums you pay.
  • A long-term care insurance rider. This rider enables you to temporarily increase the death benefit on your permanent insurance policy.

Equitable life insurance reviews and complaints

The Better Business Bureau (BBB) has accredited AXA Life Insurance Equitable, awarding them an A+ grade for customer service communication. The Better Business Bureau (BBB) has received 50 complaints in the last three years, but they do not belong exclusively to the life insurance business; rather, they concern the whole financial services industry. Customers assess companies on a one to five-star scale using the same criteria.

AXA Life Insurance was ranked 16th overall in the most recent JD Power life insurance analysis, out of twenty-two insurers. It received a rating of 2/5 from customers, indicating that it might be improved.

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