AXA Introduces New Term Portfolio
The Term Series 151X will be replacing Term Series 150 on January 18, 2010. The following adjustments are being made to the level term rates:
- Many female premiums will be lowered.
- Small increases will be made to some male rates on the 15 and 20 year series.
- The minimum face amount will be raised from $500,000 to $1,000,000 for AXA's term series.
Term quote engines have been revised to reflect the new minimum.
Applications received between January 18, 2010 and February 18, 2010 may be submitted for the current Term Series 150 or the new Term Series 151X. To meet this deadline, we need applications into Underwriters Brokerage Service by Tuesday, February 16, 2010 for processing. If Term Series 150 is desired, it must be noted on the application. After Thursday, February 18, 2010, only applications for the new series will be accepted.