AXA Increases Minimum Face Amount
11-30-2009
AXA has announced changes to their Term portfolio.
In mid-January 2010, AXA plans to adjust their level term rates:
• Some female premiums will be lowered
• Small increases will be made to some male rates on the 15 and 20 year series
They are also raising the minimum face amount from $500,000 to $1,000,000:
• Effectively immediately, term quote engines will be revised to reflect the new $1,000,000 minimum
• In order to ease the transition for business already in process, AXA will be flexible about continuing to accept applications under the new minimum until the rate changes go into effect in January 2010
Both of these changes will allow AXA to maintain highly competitive term rates and continue to achieve their goal of delivering exceptional service.
For more information contact BUA @ 800-792-6795.
