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AXA Life Europe underwrites a range of products with guaranteed minimum benefits. These products are generically known as Variable Annuity or GMxB products. The “x” refers to the fact that there are different types and instances of the guarantee, notably as follows:-
- Guaranteed Minimum Accumulation Benefit (GMAB)
- Guaranteed Minimum Death Benefit (GMDB)
- Guaranteed Minimum Income Benefit (GMIB)
- Guaranteed Minimum Withdrawal Benefit (GMWB)
A product may combine more than one of these features, notably where a death benefit exists together with an accumulation or income benefit.
In Germany the product is called “TwinStar” while in Spain, Italy and Portugal the products are marketed under the name "Accumulator". The variable annuity products distributed in France, Spain and the UK are marketed under the name "Secure Advantage™".
TwinStar is a single or regular premium Variable Annuity product available through the AXA Life Europe German Branch. All versions of the product are unit linked and give the policyholder three choices at retirement:
- Take the account value; or
- Convert the account value to an annual income based on the then market annuity rates; or
- Take a guaranteed income. This guaranteed income is defined at inception of the policy.
For more information on the TwinStar products log onto www.axa.de/twinstar
Accumulator is a single premium Variable Annuity product available through AXA Life Europe in Spain, Italy and Portugal. Both the Spanish and Italian branches sell GMAB and GMWB versions of the product while the Portuguese Branch sell a GMAB version of the product.
For more information on the Accumulator products available through our branches, log on to:
The Secure Advantage™ range of single premium, unit linked Plans offers two distinct guaranteed minimum benefits.
- The Secure Advantage™ Protected Capital Plan is designed to protect, and potentially grow an investor's capital over the 10 year guarantee term.
- The Secure Advantage™ Lifetime Income Plan offers an investor a guaranteed minimum level of income for life, with the potential for it to increase over time.
AXA Global Distributors (a member of the AXA Group) provide distribution and marketing support to AXA Life Europe in the French, Spanish and UK markets.
For more information log on to www.axa-globaldistributors.com
AXA Life Europe also underwrite a range of investment bond type products for both the UK and Irish markets. These products do not offer any guarantees.
The International Portfolio Bond is a unit linked single premium whole of life investment bond available to UK residents. Investors can choose from a range of AXA Family funds, Select funds which mirror existing fund houses and a vast range of external funds.
For more information on the International Portfolio Bond, log on to www.axa-international.com/axalifeeurope
Evolution is the family name for a range of single premium investment and pension bonds. They provide access to a comprehensive range of mirror investment funds. The funds that are selected are based on a unique guided architecture investment process. Evolution is underwritten by AXA Life Europe Limited and is distributed in Ireland by AXA Financial through financial advisers.
For more information on the Evolution product range, log on to www.axafinancial.ie |
