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These are products that typically provide a regular payout (also known as an annuity) to policyholders during retirement age. We had to spend many months dealing with the general customer service and they dragged their feet on top of having to speak with whoever answered customer service.Stay far away from AXA!! They hire young recent grads and with little training coach them to lure their family and friends to come over as clients. DEER IN HEADLIGHTS....... BE CAREFUL The people may be nice (maybe!) I am 64 years old and spent 30 years in the financial service industry. 30-years Payout Period: 61 to 90 years old. Learn about AXA , including insurance benefits, retirement benefits, and vacation policy. by B..N., Hate these people and have stopped funding it. The minimum premium amount is as low as INR 12,000 and the minimum term of policy is 10 years. Equitable is the brand name of the retirement and protection subsidiaries of Equitable Holdings, Inc., including Equitable Financial Life Insurance Company (Equitable Financial) (NY, NY), Equitable Financial Life Insurance Company of America (Equitable America), an AZ stock company with main administrative headquarters in Jersey City, NJ, and Equitable Distributors, LLC. There should be a minus star rating for AXA. Transparent, hard working individuals who consistently keep their clients best interest in mind. After that the broker only called annually and asked if I would be contributing another annual amount. What this company does is keep your account value down so if you start using your money, it will wipe out your account and you then no longer have a death benefit. I have been impressed with this company and its advisors. Found out that most of the premiums went towards the brokers commisions. My broker was deceiving and sold me insurance I did not want. Why they do not fire are their "analyst" and take a Vanguard index fund, and actually close doors? AXA’s professional fund managers maximize your money’s growth potential at the onset, then transitions towards less volatile investments to protect your money as your retirement approaches. The Supplementary Retirement Scheme is a great plan for those that wish to save for retirement above their CPF savings. I would have been much better off investing in a simple savings account even with the miserably low interest rates because at least I wouldn’t have lost money. After inquiring of family and friends, I sought out AXA Equitable as I was told that Ms. Sheila was an exceptional financial planner. HUGE fees if you try to withdraw funds and a very painstaking process at that. There was no follow-up or communication with my account. by Phil, Professional all the way. High fees and up-selling their products that were not in your best interest. Lots of promises, no carry through. Our areas of expertise are applied to a range of products and services that are adapted to the needs of each and every client across three major business lines: property-casualty insurance, life & savings, and asset management. by Tom D, AXA Equitable 401k Plan currently has over 17,000 active participants and over $1.9B in plan assets. false information, speculations, or to remove spam. I told them "Don't you think I should have been told there was a mistake so I wouldn't make the same mistake twice?" Terrible customer service. This company and their insurance brokers will rob you blind. by RKlatt, So I answered that I was a customer but when it requested I enter the account numbers I didn't enter anything. Hi Elijah, thanks for your detailed overview. It's the time to create more memories and pursue of the goals we might have missed when we were working. I am a public school teacher who has a 403b with them through a whole life policy. We have had 5 policies with AXA for several years. I have shopped around multiple financial institutions and it is fair to say that AXA has by far the mot reasonable prices. Very Knowledgeable, Full Service, Wide Variety of Investements, Insurance agent posing as Financial Adviser, Dishonest, 2.5% AUM Fees, 6% Termination Charges, When calling, the wait was at least 15 - 20 min; lack of knowledge of product, very poor portfolio performance, lied about policies. AXA Retire Treasure (II) Learn More. Copyright 2010-2020 TopRatedFirms.com. If you call the corporate number it is just a switch board not even located at the address listed. by Teacher, 5/14/2017. I am the legal guardian of my mom's estate. AXA XL Retirement Plan 4 employees reported this benefit. 6/14/2019. Let Dave Ramsey teach about them. I was transferred 3 times in 45 minutes to find out that I have to write a letter and submit it. We will have no option but to report this to the attorney generals office and file a complaint. Benefits and Salary and opportunities for advancement. The legal boilerplate of all the documents you sign when opening your account and creating a policy hide the fact that you will pay enormous amounts for very poor performance. He tells me that it looks like my accounts are set for payouts, but there is nothing that can be done till Monday, when he will follow up with the right department and then with me. I set up an account at the advice of a family friend (first mistake). Assistant to broker: aggressive young film-flam artist obscuring details of costs and performance. After 4 years of very negative returns due to the overpriced policy that finally dropped off, the agent refused to admit any wrong doing. I have interacted with this company numerous times. With the ability to offer insurance and investment advisory services, your advisor will help you meet your goals. Wanted my money Direct Deposited. On Tuesday, finally the second annuity shows up deposited in my checking account. Again waiting on hold for 35 minutes I got to #4 before the system hung up on me again. BEWARE! 2020 AXA Equitable Roth IRA, Traditional IRA, 401k Rollover IRA, SEP/Coverdell Savings IRA (individual retirement accounts) review, investing options, rating, fees and commissions. They can talk circles around the numbers making you think you will have an unlimited stream of money to outlast you based on their annuity structure. Cons: Extremely difficult to transfer money out. With a retirement plan, you get capital guarantees. Please contact the employer to understand the benefits connected to a relevant job. This has caused my policy to lapse now on two separate occasions. Make retirement a fulfillment of your long cherished dream with Bharti AXA Dream Life Pension plan. See Terms Of Use I went to liquidate one of my mother's assets to pay for her care at a memory facility. My experience with Equitable was awful. Please use respectful and No screw-ups, no back and forth calls. So given that they had told me that they would only process payment for one account each day, I expected the direct deposit from the second account the next day. What Retirement Plan benefit do AXA XL employees get? Three days later no call, no money. Checking the following day (Thursday) nothing had changed on the online dashboard for either account (both showed that my requests were being reviewed). Build towards your goalRetire Smart comes with four target date funds. they don't even file the correct paperwork when making a change and then I get dinged from the IRS. Horrible to deal with. 2/27/2018, Pros: Reasonable prices when shopped around. I have been a member for many years Retire Smart is a regular-pay, investment-linked insurance plan that helps strategically build a future fund you can use when you retire. A year later my 401k had performed in a way I had dreamed of. This is a unique plan because it targets a different kind of group here. Secure Act education . I asked him to send me the paperwork to roll my account into another company and he told me he couldn't send me the paperwork. My advisor was new, but had plenty of support and always had leaders to help, so this was not really a con at all. Cons: It's all a scheme. They hire young recent grads and with little training coach them to lure their family and friends to come over as clients. AXA salary trends based on salaries posted anonymously by AXA employees. by Benjamin Keller, It seems like they come up with every obstacle to stop you from moving your money out. I was still unable to have my request honored for direct deposit. Disclaimer: Your review, broker rating, pros and complaints information must be honest. AXA Retirement Plan, reported anonymously by AXA employees. Pros: Very Knowledgeable, Full Service, Wide Variety of Investements. After being on hold for 55 minutes and getting to #11 in the queue the system hung up on me again without me talking to a customer rep. Another set of tries to get past the automated system I was 27 in the queue. And beyond all that they state they don't have my signature on file so I have to bring in a notary to change my beneficiary. They can't seem to keep advisors, and the fees are hidden and excessive. You hurt people. by Previous Employee, Any attempt to transfer my account resulted in exorbitant amount for fees so the math said that a transfer might "break even" after 5 years. Any reviews herein containing “AXA” in any form should be considered to mean “Equitable”. I pointed out to the Him that he only calls for money and he had no response nor solution to the high fees. Had I invested this money into a traditional retirement fund, I would have had interest that exceeded my annual income rider. AXA Annuities is a large financial services company that offers variable annuities, life insurance policies, individual retirement accounts (IRAs), brokerage accounts and advisory accounts. After several more unsuccessful attempts to get threw the barriers they have to reach the phone service, I resign myself to see if AXA will contact me. When I again used the online chat to find out why the second account had not been deposited to my checking account yet, I was told that it was still being reviewed, in spite of sending both sets of forms in at the same time in the same envelope. They were impossible to contact and deal with. Received a call today. AXA offers four travel insurance plans with varying levels of coverage, so one is bound to meet the needs of the occasional traveler. In the year of 2006, I realized that I was fast approaching retirement age. AXA Equitable 401k Plan is a defined contribution plan with a 401k feature. I was invested in two of there moderate risk products with guarantee riders. However I will put on a lawsuit against the Advisory that they claimed false information about financial saving. Furthermore, after getting the run around with the forms to be completed. Pros: Act professional when you are transferring your money in or opening an account. by ArcanumOne, Retirement assets are the amount that accrues in your occupational benefits account under a Pillar 2 plan. They had no answers and no apologies. No one reassured me that I would be safe and that it would be taken care of or who to go to.Another one of his colleagues kept showing up just to bother me to the point where I had to leave work in the middle of the day and pay for a taxi just to get home.These people should not be working in public schools or going to houses. Here is the list of AXA Retirement Plans available: I wish I would have known this and researched on my own. Account Settings; Sign In; For Employers. Cons: Aweful Fees, Terrible returns, total mismanagement, terrible website. All the listed benefits are extracted from job descriptions, reviews, and Q&A posted on Indeed. How we will live our retirement years depends on how well we prepare for it today. 10-years Accumulation period: 51-60 years old. I had to email and call my broker again before they finally prepared it and sent it to me on the 23rd! After doing some deep digging with another advisor I found I was paying a total of 5% AXA managing fees. The goal to grow the total value of the account. They will be available to take your money, but will avoid you like the plague when you want to collect the money. by Kevin L., They're customer service is designed in a way to get nothing done. This is not a company that you can count on. This plan cushions your retirement dreams against the impact of inflation and enhances your retirement income through potential monthly dividends that will increase by about 5% every year, starting from your selected retirement age. 7/5/2018. Will advise you to take your money elsewhere. I was told that if there is a problem with an emergency withdrawal, there is a 3-5 day wait before you are told! I could not be more pleased with my experience at AXA Advisors. So again to the phone to call after trying the online customer service chat only to be told that I needed to call the customer service center that the folks that do the online chat support could not help. No choice in what they invest your money in and it ALWAYS LOOSES your money regardless of what the market does.
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