NEW YORK, April 13, 2011 /PRNewswire/ -- AXA Equitable Life
Insurance Company launched today two new video calculators
featuring licensed and experienced financial consultants who help
guide individuals through the process of determining how long their
retirement savings may last or how much life insurance coverage
they may need to protect their families' future.
The video calculators, unique to AXA Equitable, provide users
with an interactive experience where they receive virtual
consultations. Financial consultant David Tornetto offers
individuals guidance on estimating how savings may grow until
retirement and how withdrawals may impact savings during
retirement. Financial consultant Char Granstra navigates users
through a process to assess how much life insurance coverage they
may need to replace their income. Combined, these two financial
professionals have more than 40 years of experience helping people
define and work toward their financial goals.
"Our video calculators provide people with more than just a
figure of how much money they might need for a particular life
event," said Andrew McMahon,
president of AXA Equitable Life Insurance Company. "These
calculators, featuring real financial professionals, simulate what
they can expect in an initial conversation with a financial
consultant.
"Planning for your retirement, assessing your family's readiness
in the event of death, even just meeting with a financial
consultant for the first time – these can all be daunting tasks,"
McMahon said. "The virtual consultation can help people get more
comfortable, be better prepared when actually meeting with a
financial professional for the first time, and hopefully get more
out of the meeting in terms of deciding next steps."
The financial consultants take users through a step-by-step
process to determine the how long their retirement savings may last
or how much life insurance coverage they may need based on their
life stage, current financial situation and future goals. If a user
has a question or needs more information about a particular term or
topic, they simply click on a button and the financial consultant
explains the topic and provides guidance in greater detail.
"Studies have shown that people spend more time planning for a
one-week vacation than they do planning for retirement," said
Connie O'Brien, senior vice president of Internet Strategy and
Design for AXA Equitable. "We recently tested this in one of our
Retirement Reality Series person-on-the-street interviews and found
solid evidence to support the theory. We created the video
calculators to make it easier for people to take the first step
toward planning for the future. With the Web technology available
today, we can provide customers with a new level of resources to
help them make more informed decisions at their pace and in a way
that is comfortable and convenient for them."
The video calculators and virtual consultations are available at
www.axa-equitable.com.
About AXA Equitable
In business since 1859, AXA Equitable Life Insurance Company
(NY, NY) is a leading financial protection company and one of the
nation's premier providers of life insurance, annuity, and
financial products and services. The company's products and
services are 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. Find AXA Equitable on
Facebook and Twitter or visit the company's multi-media newsroom
The Source @ AXA Equitable.
AXA Equitable, a subsidiary of AXA Financial Inc., is part of
the global AXA Group, a worldwide leader in financial protection
strategies and wealth management. "AXA Group" refers to AXA, a
French holding company for an international group of insurance and
financial services companies together with its direct and indirect
consolidated subsidiaries. For more information, visit
www.axa-equitable.com.
GE – 62059 (4/11)
SOURCE AXA Equitable