AXA Equitable Life Unveils Asset Allocation Program Designed for K-12 Educators
AXA Equitable Life, a leading financial services company, today announced the availability of Semester Strategies, a new asset allocation investment program designed for K-12 403(b) retirement plan participants.1 Semester Strategies combines an evolving asset allocation plan commonly found in target-date funds, with some downside market protection2 and the financial guidance of a licensed professional. This holistic approach “ combining high-quality products with trusted and personalized financial advice “ is central to AXA Equitable Lifes mission to help customers retire with dignity.
Semester Strategies is an optional feature within an AXA Equitable Life variable annuity contract for 403(b) retirement plans,3and provides educators with a simple way to invest in a diversified portfolio with potential for growth. When available under their employers 403(b) plan, individuals will have access to model portfolios that range from conservative to more aggressive based on their years remaining to retirement, risk tolerance and stated investment return objectives. Each model portfolio considers the need for growth earlier on and adjusts to a more conservative approach over time.
SWBC Investment Advisory Services, an independent, SEC-registered investment advisor, created the model portfolios exclusively for AXA Equitable Life. SWBC provides ongoing fiduciary oversight for the program.
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