FILED PURSUANT TO RULE 424(B)(3)
REGISTRATION NO. 333-203541
AXA Equitable Life Insurance Company
SUPPLEMENT DATED JULY 27, 2015 TO THE PROSPECTUS FOR STRUCTURED CAPITAL
STRATEGIES(R) DATED MAY 1, 2015
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This Supplement modifies certain information in the above-referenced Prospectus
(the "Prospectus") offered by AXA Equitable Life Insurance Company ("AXA
Equitable"). You should read this Supplement in conjunction with your
Prospectus and retain it for future reference. Unless otherwise indicated, all
other information included in your Prospectus remains unchanged. The terms we
use in this Supplement have the same meaning as in your Prospectus. We will
send you another copy of any prospectus or supplement without charge upon
request. Please contact the customer service center referenced in your
Prospectus.
The purpose of this Supplement is to inform you that on or about August 10,
2015, Choice Segments will be available to Structured Capital Strategies(R)
contract owners in California. In addition, for new contracts issued on or
about that date, Qualified Plan (Defined Benefit and Defined Contribution)
endorsements will be available.
To reflect these changes, the "California" section of "Appendix II: State
contract availability and/or variations of certain features and benefits" in
the Prospectus is replaced in its entirety with the following:
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STATE FEATURES AND BENEFITS AVAILABILITY OR VARIATION
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CALIFORNIA See "We require that the You are not required to use our
following types of forms when making a transaction
communications be on specific request. If a written request
forms we provide for that contains all the information
purpose" in "How to reach us" required to process the request,
we will honor it.
See "Contract features and If you reside in California and
benefits" -- "Your right to you are age 60 or older at the
cancel within a certain number time the contract is issued, you
of days" may return your variable annuity
contract within 30 days from the
date that you receive it and
receive a refund as described
below.
If you allocate your entire
initial contribution to the
EQ/Money Market option, the
amount of your refund will be
equal to your contribution,
unless you make a transfer, in
which case the amount of your
refund will be equal to your
account value on the date we
receive your request to cancel
at our processing office. This
amount could be less than your
initial contribution. If you
allocate any portion of your
initial contribution to the
variable investment options
(other than the EQ/Money Market
option), your refund will be
equal to your account value on
the date we receive your request
to cancel at our processing
office.
"RETURN OF CONTRIBUTION" FREE
LOOK TREATMENT AVAILABLE THROUGH
CERTAIN SELLING BROKERS-DEALERS
Certain selling broker-dealers
offer an allocation method
designed to preserve your right
to a return of your contribu-
tions during the free look
period. At the time of
application, you will instruct
your financial professional as
to how your initial contribution
and any subsequent contributions
should be treated for the
purpose of maintaining your free
look right under the contract.
Please consult your financial
professional to learn more about
the availability of "return of
contribution" free look
treatment.
If you choose "return of
contribution" free look
treatment of your contract, we
will allocate your entire
contribution and any subsequent
contributions made during the 40
day period following the
Contract Date, to the EQ/Money
Market investment option. In the
event you choose to exercise
your free look right under the
contract, you will receive a
refund equal to your
contributions.
If you choose the "return of
contribution" free look
treatment and your contract is
still in effect on the 40th day
(or next business day) following
the Contract Date, we will
automatically reallocate your
account value to the investment
options chosen on your
application.
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IM-42-15 (7/15)
SCS - NB/IF Cat# 154155 (7/15)
SARs Mailing #71085
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STATE FEATURES AND BENEFITS AVAILABILITY OR VARIATION
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CALIFORNIA Any transfers made prior to the
(CONTINUED) expiration of the 30 day free
look will terminate your right
to "return of contribution"
treatment in the event you
choose to exercise your free
look right under the contract.
Any transfer made prior to the
40th day following the Contract
Date will cancel the automatic
reallocation on the 40th day (or
next business day) following the
Contract Date described above.
If you do not want AXA Equitable
to perform this scheduled
one-time reallocation, you must
call one of our customer service
representatives at 1 (800)
789-7771 before the 40th day
following the Contract Date to
cancel.
If you purchased your contract
from a financial professional
whose firm submits applications
to AXA Equitable electronically,
the Dollar Cap Averaging Program
may not be available at the time
your contract is issued. If this
is the case and you wish to
participate in the program after
your contract has been issued,
you must make your election on
the applicable paper form and
submit it to us separately.
Depending on when we receive
your form, you may miss the
first available date on which
your account value would
otherwise be transferred to your
designated Segment Type Holding
Accounts.
See "Dollar Cap Averaging If you elect to invest in the
Program" and "Your right to Dollar Cap Averaging Program,
cancel within a certain number you will not be eligible for the
of days" in "Contract features "return of contribution" free
and benefits" look treatment. By electing the
Dollar Cap Averaging Program,
you would only be eligible to
receive a return of account
value if you free look your
contract.
See "Charges and expenses" -- Item (iii) under this section is
"Disability, terminal illness, deleted in its entirety.
or confinement to a nursing
home" (For Series B contracts
only)
See "More information" -- You can transfer ownership of an
"Transfers of ownership, NQ contract at any time before
collateral assignments, loans, annuity payments begin. You may
and borrowing" assign your contract, unless
otherwise restricted for tax
qualification purposes.
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Structured Capital Strategies(R) is issued by and is a registered service mark
of AXA Equitable Life Insurance Company (AXA Equitable).
Co-distributed by affiliates AXA Advisors, LLC and AXA Distributors, LLC.
1290 Avenue of the Americas, New York, NY 10104.
Copyright 2015 AXA Equitable Life Insurance Company. All rights reserved.
AXA Equitable Life Insurance Company
1290 Avenue of the Americas, New York, NY 10104
(212) 554-1234