AXA Equitable actively manages the monies held in the separate account in the Escrow Shield PlusSM Agreement. AXA Equitable places the funds in an insulated separate account that is sheltered from other credit or policyholder obligations arising from AXA Equitable’s other businesses. The separate account funds are invested in securities such as short-term government securities and investment grade obligations issued by large corporations. These investments provide the separate account with a return that allows AXA Equitable to credit a particular rate of interest to contract holders. The crediting rate may change in limited, defined circumstances.
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Posted in: Services: Escrow Shield Plus