424(b)(3)
333-155348
SUPPLEMENT DATED JANUARY 15, 2009 TO
PROSPECTUSES DATED MAY 1, 2008 FOR
MONY VARIABLE ANNUITY
MONY CUSTOM MASTER
THE MONYMASTER
ISSUED BY:
MONY LIFE INSURANCE COMPANY
MONY LIFE INSURANCE COMPANY OF AMERICA
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This Supplement updates certain information in the most recent prospectus and
statement of additional information you received and in any supplements to that
prospectus and statement of additional information (collectively, the
"Prospectuses"). You should read this Supplement in conjunction with the
Prospectuses and retain it for future reference. Unless otherwise indicated,
all other information included in the Prospectus remains unchanged. The terms
and section headings we use in this Supplement have the same meaning as in the
Prospectuses. We will send you another copy of any prospectus or supplement
without charge upon request. Please contact the customer service group
referenced in the Prospectus.
The purpose of this Supplement is to provide you with information regarding
certain changes to the Portfolios available under your contract. Please note
that not all of the Portfolios discussed in this Supplement may be available in
your contract.
1. CHANGES TO PORTFOLIOS OF AXA PREMIER VIP TRUST AND EQ ADVISORS TRUST
("TRUSTS")
A. PORTFOLIO NAME CHANGES
Effective on or about January 15, 2009, the following Portfolio name
change listed below will occur. Accordingly, all references to the
corresponding investment option in the Prospectus are also changed.
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Existing Portfolio Name New Portfolio Name
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EQ/JPMorgan Core Bond EQ/Core Bond Index
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B. PORTFOLIO SUB-ADVISER CHANGES
Effective on or about January 15, 2009, SSgA Funds Management, Inc. will
replace JPMorgan Investment Management, Inc. as the Sub-Adviser to the
EQ/Core Bond Index Portfolio. Also, SSgA Funds Management, Inc. will be
added as a Sub-Adviser to the Portfolios of the AXA Premier VIP Trust listed
in the table below. AXA Equitable Life Insurance Company will continue to be
the Investment Manager of the Portfolios. See "The Portfolios" or "The
Funds" in your Prospectus for more information.
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AXA Premier VIP Trust
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MULTIMANAGER HIGH YIELD
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MULTIMANAGER SMALL CAP GROWTH
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C. AMENDMENTS TO EXPENSE LIMITATION ARRANGEMENTS FOR CERTAIN PORTFOLIOS
The Board of Trustees of the AXA Premier VIP Trust (the "Trust") recently
approved revisions to the Expense Limitation Agreement (the "Agreement")
between the Trust and AXA Equitable Life Insurance Company ("AXA
Equitable"). The Agreement has been amended to reflect that AXA Equitable
has agreed to modify the expense limitation arrangement to include the fees
and expenses of the other investment companies in which the AXA Allocation
Portfolios invest ("Acquired Fund Fees and Expenses") when calculating its
obligations under the Agreement to make payments and to waive its
management, administrative and other fees so that the AXA Allocation
Portfolios' expenses do not exceed the Portfolios' expense limits. As a
result of these changes, the current "Net Total Annual Expenses" and
"Acquired Fund Fees and Expenses" will be reduced effective on or about
January 1, 2009.
2. PORTFOLIO OPERATING EXPENSES
As the result of the portfolio changes described in Section 1 of this
Supplement, the portfolio operating expenses for all of the portfolios have
been reduced. Please see the prospectuses of the Trusts for more information
on the changes to these expenses. The "Lowest" and "Highest" portfolio
operating expenses range shown in your Prospectus remains unchanged.
MNY 3-09 (1/09) Catalog No. 142071 (1/09)
IF(AR) Series x02549
Co-distributed by affiliates AXA Advisors, LLC and AXA Distributors, LLC
1290 Avenue of the Americas
New York, NY 10104
Copyright 2009 MONY Life Insurance Company and MONY Life Insurance Company of
America. All rights reserved.
MONY Life Insurance Company of America
1290 Avenue of the Americas
New York, NY 10104
212-554-1234
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