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News - Full Story

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 Colorado, Inc.)

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:

1-888-AXA-INFO

Hours of Service are 8 a.m. to 5 p.m. ET; or policyholders can send email messages to DisasterAssistance@axa.us.com.

Philanthropy

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.

About AXA

"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. GE-129138(08/17)(exp.08/19)

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