To Assist Those Impacted by Disastrous Midwest Storms and Floods in Illinois, Indiana and Iowa, Five AXA Financial Insurance Companies Relax Grace Period for Policy Premiums
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Thu, 26 Jun 2008 15:23:14 GMT |
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NEW YORK, June 26 NY-AXA-Grace-Period
NEW YORK, June 26 /PRNewswire/ -- In an effort to assist in the relief for
victims of the Midwest flooding disaster, five AXA Financial, Inc. insurance
companies announced today that they have relaxed the grace period for policy
premiums for those impacted by the extreme storms and severe flooding in the
counties declared as disaster areas by the states of Illinois, Indiana and
Iowa. Details of this and additional actions being taken by the insurance
companies follow below. The five companies are:
1) AXA Equitable Life Insurance Company (formerly known as The Equitable
Life Assurance Society of the U.S.)
2) AXA Life and Annuity Company (formerly The Equitable of Colorado, Inc.)
3) MONY Life Insurance Company
4) MONY Life Insurance Company of America
5) U.S. Financial Life Insurance Company
The companies listed above will extend, by 60 days, the grace period for
payment of life premiums and policy loan interest when the normal expiration
of the grace period occurs from June 16, 2008 through September 1, 2008.
During this period, policyholders may delay their payments by as many as 60
days without penalty.
In addition, the five insurers have also made special arrangements during
this emergency period to process policy loan requests within a 24 to 48-hour
period to support policy owners who may have emergency needs as a result of
the storms.
All claims that occur from the floods will be given prompt attention. On
an individual claim basis, every effort will be made to limit the needed
requirements to expedite the disbursement of funds.
For Illinois Consumers: The Illinois Division of Insurance advises that
Illinois consumers may contact the Division for information on filing a
complaint regarding any disaster-related dispute or issue at a toll-free
complaint hotline: 1-866-445-5364. They also may file a complaint online at
http://www.idfpr.com/doi/Complaints/Complaints.asp
All policyholders of the five companies listed above are advised to
contact their financial professional or call the following toll-free number
for expedited customer service:
1-866-254-0149, prompt 2 (Hours of Service are 8 a.m. to 5 p.m. ET);
or policyholders can send email messages to
DisasterAssistance@axa-equitable.com.
About AXA Financial
AXA Financial, Inc. is one of the premier U.S. organizations providing
financial protection and wealth management through its strong brands: AXA
Equitable Life Insurance Company, AXA Advisors, LLC, AXA Distributors, LLC,
AXA Life and Annuity Company, AllianceBernstein, L.P., and the MONY family of
companies, including MONY Life Insurance Company, MONY Life Insurance Company
of America and U.S. Financial Life Insurance Company. AXA Financial is a
member of the global AXA Group.
GE-44835 (6/08)
SOURCE AXA Financial, Inc.
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To Assist Those Impacted by Disastrous Midwest Storms and Floods in Illinois, Indiana and Iowa, Five AXA Financial Insurance Companies Relax Grace Period for Policy Premiums
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