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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

Posted : Thu, 26 Jun 2008 15:23:14 GMT
Author : AXA Financial, Inc.
Category : Press Release
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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.

Copyright © 2008 PR Newswire. All rights reserved.




Article : 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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