AXA Equitable Life Insurance Company has announced that it is now launching Retirement Cornerstone, a variable annuity with a dual-account investment platform expected to transform how investors will view the uses and benefits of variable annuities.
AXA Equitable said that Retirement Cornerstone is a tax-deferred investment platform that supports two interactive but distinct accounts, one focused on the opportunity to maximize investment performance through money managers, the other, an optional account focused on providing retirement protection.
Christopher Condron, chairman and CEO of AXA Equitable, said: “The extreme volatility of the recent past drove many investors into overly conservative positions at the worst possible moment. The unique value of Retirement Cornerstone is the simple way it can give people the confidence they need to once again invest for growth, but without giving up the comfort of having a reliable guarantee – all on one platform.”
