FILED PURSUANT TO RULE 424 (B) (3)
REGISTRATION NO. 333-180965
AXA Equitable Life Insurance Company
MONY Life Insurance Company of America
SUPPLEMENT DATED DECEMBER 15, 2014 TO THE CURRENT PROSPECTUS FOR
INCENTIVE LIFE OPTIMIZER II
INCENTIVE LIFE LEGACY(R) II
FOR USE IN CALIFORNIA ONLY
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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
"Prospectus"). You should read this Supplement in conjunction with the
Prospectus and retain it for future reference. Unless otherwise indicated, all
other information included in the Prospectus remains unchanged and the
Prospectus is hereby incorporated by reference. The terms and section headings
we use in this Supplement have the same meaning as in the Prospectus. 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.
AVAILABILITY OF LONG TERM CARE SERVICES/SM/ RIDER IN CALIFORNIA
Subject to eligibility requirements, an optional rider may be added to your
policy at issue that provides an acceleration of all or part of the policy's
death benefit in the form of monthly payments if the insured becomes
chronically ill or cognitively impaired and is receiving qualified long-term
care services in accordance with a plan of care. This is our Long-Term Care
Services/SM/ Rider. The monthly rate charged for this rider varies based on the
individual characteristics of the insured, the benefit percentage you select
and whether you select the rider with or without the optional Nonforfeiture
Benefit. You can terminate this rider at any time, subject to any continuation
of coverage under the optional Nonforfeiture Benefit, if elected.
The current national version of the Long-Term Care Services/SM/ Rider is
described in the current prospectus under "More information about policy
features and benefits." The purpose of this Supplement is to introduce the new
version of the Long-Term Care Services/SM/ Rider that is available in
California on or about December 15, 2014 by describing certain variations that
apply to the California version of the rider, which is called the Comprehensive
Long-Term Care Rider in California. This Supplement makes references to the
corresponding sections of your Prospectus.
"Appendix [III]: State policy availability and/or variations of certain
features and benefits" describes certain variations from the standard Long-Term
Care Services/SM/ Rider that are specific to the form of the rider sold in some
states. This Supplement updates "Appendix [III]: State policy availability
and/or variations of certain features and benefits" by replacing the California
section of the appendix in its entirety with the following:
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STATE FEATURES AND BENEFITS AVAILABILITY OR VARIATION
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CALIFORNIA Long Term Care Services/SM/ Rider In California, we refer to this
rider as the "Comprehensive
Long-Term Care Rider" (Rider
Form No. R12-10CA).
See "Long Term Care Services/SM/ The following sentence replaces
Rider" under "Other benefits you the first sentence of the fourth
can add by rider" in "More paragraph of this section in its
information about policy entirety:
features and benefits"
"Benefits are payable once we
receive: 1) a written
certification from a U.S.
licensed health care
practitioner that the insured
person is a chronically ill
individual; 2) a plan of care
prescribed by a licensed health
care practitioner or a
multidisciplinary team under
medical direction which
describes the insured person's
needs and specifies the type and
frequency of qualified long-term
care services required by the
insured person; 3) proof that
the "elimination period," as
discussed below, has been
satisfied; and 4) written notice
of claim and proof of loss in a
form satisfactory to us.
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STATE FEATURES AND BENEFITS AVAILABILITY OR VARIATION
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CALIFORNIA NONFORFEITURE BENEFIT
(CONTINUED) The first two paragraphs of the
"Nonforfeiture Benefit"
subsection are replaced in their
entirety with the following:
For a higher monthly charge, you
can elect the Long-Term Care
Services/SM/ Rider with the
Nonforfeiture Benefit. The
Nonforfeiture Benefit may
continue coverage under the
rider in a reduced benefit
amount in situations where (a)
the Long-Term Care Services/SM/
Rider would otherwise terminate;
(b) you have not already
received benefits (including any
loan repayments) that equal or
exceed the total charges
deducted for the rider; and (c)
your policy and Long-Term Care
Services/SM/ Rider were inforce
for at least four policy years.
While the Nonforfeiture Benefit
is in effect, all of the
provisions of the Long-Term Care
Services/SM/ Rider remain
applicable to you. The maximum
total Nonforfeiture Benefit will
be the greater of:
(a) Three month's maximum
monthly benefit and
(b) The sum of all charges
deducted for the Long-Term Care
Services/SM/ Rider (with the
Nonforfeiture Benefit). This
amount excludes any charges that
may have previously been waived
while rider benefits were being
paid.
Copyright 2014 AXA Equitable Life Insurance Company and MONY Life Insurance
Company of America.
All rights reserved. Incentive Life Legacy(R) is
a registered trademarks of AXA Equitable Life Insurance Company.
AXA EQUITABLE LIFE INSURANCE COMPANY
1290 AVENUE OF THE AMERICAS
NEW YORK, NY 10104
212-554-1234
EVM 05 (12/14)
MLOA IL Legacy II and AXA IL
Optimizer II - CA only NB/IF
(AR) 153093 (12/14)
#807420