Four AXA Financial Insurance Companies Relax Premium-Payment Grace Period to Assist Those Impacted by Hurricane Irma
NEW YORK, Sep. 13 /BusinessWire/ --
Four AXA Financial, Inc. insurance companies are relaxing the
premium-payment grace period for policyholders affected by Hurricane
Irma in all Florida, U.S. Virgin Islands and Puerto Rico ZIP codes.
Details follow below. The four companies are:
1. AXA Equitable Life Insurance Company (formerly known as The Equitable
Life Assurance Society of the U.S.)
2. AXA Equitable Life and Annuity Company (formerly The Equitable of
3. MONY Life Insurance Company of America (MLOA)
4. U.S. Financial Life Insurance Company
Regarding the cancellation/non-renewal of policies for non-payment of
premiums for life, health and disability insurance, for grace periods
expiring from Sept. 6, 2017, to Nov. 13, 2017, we will extend the grace
period until Nov. 14, 2017, in the impacted areas. Clients with an
employer-sponsored annuity residing in an impacted area who have
outstanding loan payments due between Sept. 6, 2017, and Nov. 13, 2017,
will not default as a "deemed distribution" until Nov. 14, 2017. The
grace period commences on the date the policyholder's damage occurred.
This moratorium is not automatic. Interested policyholders must request
this extension from their insurance carrier.
All claims that occur from the storms will be given prompt attention. On
an individual claim basis, every effort will be made to limit the needed
requirements to expedite the disbursement of funds.
All policyholders of the four companies listed above are advised to
contact their financial professional or call the following toll-free
number for expedited customer service:
AXA is an annual Disaster Responder Donor to the American Red Cross, and
has been since 2005 (12 years). AXA contributes $250,000 annually to
enable the Red Cross to hit the ground running when disasters occur.
Disaster Responder donors enable the Red Cross to provide shelter for
disaster victims in need of it. The AXA Foundation will match donations
to disaster relief organizations, 1:1 with a minimum of $50 and maximum
of $1,000 per employee/financial professional. This Disaster Relief
Matching Gift allotment is separate from our annual Matching Gifts
program; also 1:1, minimum of $50 and maximum of $2,000. So, in total,
AXA Foundation will match our employees' and financial professionals'
donations up to $3,000 per person.
"AXA" is a brand name of AXA Equitable Financial Services, LLC and its
family of companies, including AXA Equitable Life Insurance Company (NY,
NY), MONY Life Insurance Company of America (AZ stock company,
administrative office: Jersey City, NJ), AXA Advisors, LLC, and AXA
Distributors, LLC. In business since 1859, AXA Equitable Life Insurance
Company is a leading financial protection company and one of the
nation's premier providers of life insurance and annuity products
distributed to individuals and business owners through its retail
distribution channel, AXA Advisors, LLC (member FINRA, SIPC) and to the
financial services market through its wholesale distribution channel,
AXA Distributors, LLC.
AXA S.A. (also referred to as "AXA Group") is a Paris-headquartered
holding company for a group of international insurance and financial
services companies, including AXA Equitable Financial Services, LLC
companies. AXA S.A. is a worldwide leader in financial protection
strategies and wealth management with 107 million clients in 64
countries as of Dec. 31, 2016. AXA S.A. has been ranked the No. 1
insurance brand in the world by Interbrand for eight consecutive years
as of year-end 2016.
The obligations of AXA Equitable Life Insurance Company and MONY Life
Insurance Company of America are backed solely by their claims-paying
ability. Find AXA on Facebook, Twitter and LinkedIn. For more
information, visit www.axa.com.