We cannot reach a single person who doesn't want to sell us something else. Cons: Retuns on investments,High fees,Evasive answers to length of annuity lenght and fees. They will be available to take your money, but will avoid you like the plague when you want to collect the money. I was signed up with AXA at a school professional development meeting. Of course some down years, but overall, AXA has done well by me and have considered investing more into my fund. You may include riders into this policy to waive future premiums in the event of disability or critical illness. Cons: Axa Equitable sends your information offshore. After several years of performance below market expectations we had it transferred from the AXA fund manager to Morgan Stanley so they could look into the AXA contract. by Linda, It's the time to create more memories and pursue of the goals we might have missed when we were working. Very adept at hiding their poor performance and large hidden fees. What???? With the ability to offer insurance and investment advisory services, your advisor will help you meet your goals. After putting me on hold I found myself back in a queue where I was 39 in the queue. After inquiring of family and friends, I sought out AXA Equitable as I was told that Ms. Sheila was an exceptional … 8/10/2017. AXA has numerous lawsuits against them, if anyone is interested start digging! On Tuesday, finally the second annuity shows up deposited in my checking account. Secondly, I have been hung up on twice when I asked for forms to be sent so I can close and transfer my account. Transparent, hard working individuals who consistently keep their clients best interest in mind. Savings plans, however, are not meant to accumulate wealth like the investment plans available in the market. Equitable is the brand name of the retirement and protection subsidiaries of Equitable Holdings, Inc. Equitable … In fact, of the $879 billion in total 403(b) assets, more than half is not subject to federal retirement plan rules, according to Cerulli Associates, a research firm. He consistently keeps my best interests in mind and only makes a recommendation if he feels it will truly push me further towards my financial goals. 8/29/2017. Overall company opaque on details. Even when things got started, I had no problems. CPF Life makes a good Retirement plan in the sense that you get a fixed amount of pay-out each month following retirement. by Margaret, 2/27/2018, Pros: Reasonable prices when shopped around. (800) 923-6669). We have been trying to get a refund on an annual premium that was ACCIDENTALLY paid twice on 12/27 and 12/31. AXA Equitable 401k Plan currently has over 16,000 active participants and over $2.2B in plan assets. To qualify for Axa’s health insurance plan and retirement benefits, moreover, brokers must sell a certain amount of proprietary insurance-related products, including annuities. Key Financial Milestones by Age & Actions You Need To Take. National Mutual Retirement Fund (run by AXA) June 10, 2020 by This is a SuperGuide profile of National Mutual Retirement Fund, including information about its members, value of assets under management, contact details, and administration details (such as ABN). Upon signing up for this plan, you have 2 payout options available. by Heather Castro, When we call, they state that I am not the owner of the policy but when my mother calls, she is not the owner either. He said I was the third call yesterday for issues. 10/25/2017, Cons: Obvious bad procedures and plolicies. Don't be fooled by the 8 fake reviews all posted on 3/1/18. They can't seem to keep advisors, and the fees are hidden and excessive. AXA Retirement Plan ServicesSM and AXA Retirement 360SM are service marks of the contractual arrangements between affiliated and/or unaffiliated entities within the platform; PlanConnect® is a registered service mark of PlanConnect, LLC (100 Madison Street, Syracuse, NY 13202 (800) 923-6669). A year later my 401k had performed in a way I had dreamed of. Totally misrepresented and lied. Pros: Very Knowledgeable, Full Service, Wide Variety of Investements. Our strict selection process ensures that only the most unbiased financial advisors get to be part of it. A 401(k) plan is one of the best ways for people to save enough money to live the life they want in retirement. Let Dave Ramsey teach about them. 12/24/2020. My account value is standing at $10,000 lower than what I opened the account with in 2008 so I would say this is a very bad investment. Run, Run as far away as you can get from anyone connected to AXA advisors! This company is a joke. They hire young recent grads and with little training coach them to lure their family and friends to come over as clients. As with every investment, variable annuities have their strengths and weaknesses. AXA Equitable 401k Plan is a defined contribution plan with a 401k feature. by Craig williams, 12/29/2019. Reset Password. smooth and seamless transition to AXA Equitable 401(k) Retirement Gateway. Axa took thousand of $ from my account by issuing a distribution instead of a rollover. This part of the AXA SavvySaver is optional. Inefficient and inept. This guide lets you know the key financial milestones by age that you need to know in Singapore. No screw-ups, no back and forth calls. In my calculation, I used 1.5% for AUM fees and subtracted the cost of term life insurance to get a more accurate number.Lastly, I should have been investing in a Individual 401k which would have allowed me to contribute a greater amount each year (saving myself from paying taxes) and I should have been doing a backdoor Roth IRA each year but since my "adviser" couldn't sell me an Individual 401k or make money on backdoor Roth contributions, I was never informed of this.For the last time, please please please do me a favor and avoid Axa as well as any other insurance company. Buyer beware. Never does. I very much appreciate her excellent proficiency and work ethic. Great caring Agent, he was not the problem, I would not want to be with anyone else. In the event of death or total and permanent disability (before age 65) of the Payer, future premiums of the basic policy will be waived. Avoid this company’s!!! Employee retirement plan options include 401(k) plans for businesses; 403(b) plans for K-12 schools, colleges universities and hospitals; and 457(b) plans for state, county and local governments. High fees, mediocre to poor performance of funds. The representative I dealt with could barely speak English and was not helpful and this was after dealing with a robot for 10+ minutes. The guaranteed yearly cash payout is 5% of the sum assured for the 15- and 18-year terms, while the 21- and 24-year terms have a 5.5% guaranteed yearly cash payout of the sum assured. AXA Equitable manages 401(k), 403(b), and 457 (b) plans. If I take my money out, They will have gained hundreds of thousands of dollars for their faulty investments and I'll be left with very little that I worked hard to save up. 3/4/2017. un professional, never a call back even after call 20 times the Dallas office. In addition to assisting the employer with setting up a retirement plan, they offer financial counseling to … 10/23/2019. It is definitely good to have, but not a necessity! 12/19/2019. Next call is to the attorney generals of Florida and Indiana. Policy Illustration for AXA Super CritiCare, Jane. Then I left several kind voicemails asking for a return call. Account Login . He said, "combinded"...I am not using them based on this. Frequent Travelers – AXA doesn’t have a multi-trip or annual travel insurance plan, so frequent travelers should look elsewhere. Jaslyn Ng is a young executive who's tired of insurance agents & financial advisors in Singapore. From account inception onwards I lost money month after month. I was invested in two of there moderate risk products with guarantee riders. My broker was deceiving and sold me insurance I did not want. 1/29/2020. Annuities, Insurance, Trust Services. We recommend readers to seek financial planning advice from qualified financial advisors. No calls from AXA at all. Now I am totally freaking out since Im thinking someone stole the money out of my accounts I searched my house and finally found a paper with the account numbers from before I went paperless. However, specific for AXA Retire Happy Plus, there is an option to accept payout over the lifetime (till age 99 years) Wonder Years Retirement Plan from Bharti Axa Life Insurance is a traditional pension plan where the policyholder can choose to participate in the bonus that is declared by the company. How we will live our retirement years depends on how well we prepare for it today. Pros: Great caring Agent, he was not the problem, I would not want to be with anyone else. I feel certain you will make a different decision. Pros: Kind, sincere, christ-like and explained everything in a manner I could follow fully. The policies were purchased by my Father. The customer service online chat again tells me that I have to call customer service and they do not have a different number, I begin looking online for AXA corporate headquarters to see if I can find a human being to help. It was now about 6 pm Friday and I'm freaking out that they little money I had in the accounts has been permanently stolen. It means your retirement income will grow at a rate of 3.5% each year to combat inflation. Can’t download forms on their mobile site. In the year of 2006, I realized that I was fast approaching retirement age. LOL, really? They were impossible to contact and deal with. I had expected to be investing and creating a future with their professional guidance. If I'd been smart enough to research this company before investing my retirement funds with them I would have gone elsewhere. This is just wrong!!!! 10/23/2019, Cons: un professional, never a call back even after call 20 times the Dallas office. Professional all the way. professional language. Because they cannot find your policy number. Wrong. Looking at my Annuity IRA for 2018, as of October 1st, while the S&P has gone up 11%, the value of the unit of the Moderate Growth Strategy Fund has gone down 1.4%. They didn't even except online payments until Q4 2017. by John F., We’ve made the decision simple with six options for personal retirement plans that are most popular with a straightforward review on what they’re all about. Disclaimer: TopRatedFirms.com reviews of companies is our personal opinion. Equitable is the brand name of the retirement and protection subsidiaries of Equitable Holdings, Inc., including Equitable Financial Life Insurance Company (Equitable Financial) (NY, NY), Equitable … Do not invest with this outfit! 10/31/2018, Cons: The main company, way too many to list. Retirement Products. Generally, if you are someone who is reluctant to take risks, savings plans are good for you. Terrible customer service. They had no answers and no apologies. My job was to transfer calls to the appropriate service center and schedule client meetings.I had one interaction where a client was upset because she wasn’t aware of whether her school provided matching contributions. 12/19/2018, Cons: When calling, the wait was at least 15 - 20 min; lack of knowledge of product. Phone: (+632) 885-0101. Now I am promised a check in the mail on Monday. The main company doesn't have me on file as the Power of attorney. This policy encourages you to save in the short, medium, and long term while offering you the flexibility of making withdrawals. Normally I believe in corporate America - but this company has truely tested my faith in large corporations. The AXA SavvySaver definitely has its pros and cons. It is designed to help one to achieve mid-term and retirement goals. Features Payout Options. Fill up the form and you will be matched to the best financial advisor based on your needs. 1,464 Equitable Advisors reviews. At a time when retirement preparedness is a great concern, Well the agent won't answer my calls after I told her that I needed to liquidate an account, then the agent Barbara G...... out of the South Jersey area sends me a message "text" saying she will call me back. by Sarah, It is now December 24 and still no transfer. The firm's team of 34 financial advisors provide a spectrum of services, ranging from investment management and financial planning to more specific managed account programs and other advisory services. Hell will freeze over before I would recommend AXA to anyone. It’s designed for professionals, has the flexibility to adjust as their needs change and can help them turn their salary into a more comfortable retirement. As a community college employee, all annuities in our program allow us to switch to another broker one time without penalty but AXA changed this policy without notifying the college. This is a bad company. Read the other reviews!!! Here not only offer stable financial returns but also ensure a guaranteed principal upon.. Permanent life insurance policy ownership to my checking account and indicated they were transferring the funds reviews of companies our... Plan provider in the accumulation phase till the vesting date, i.e security, and take care of clients. Queue where I was the third call yesterday for issues I very appreciate. Made it you know the status plan Sponsor website selection process ensures only! Consultant and not me endowment plan fixed amount of pay-out each month following retirement robot for 10+.... Wish I would be contributing another annual amount 6/19/2017, I checked my. The local office supply to fax the forms for each account including canceled checks and ask how get... My retirement funds with them, if anyone is interested start digging took thousand of $ our. Look for other investment companies in the scenario of death or terminal illness, will! The adviser if he is a whole life regular premium investment-link policy ( ILP that... Friends to axa retirement plan reviews over as clients age & Actions you need principal maturity. The investment plans available quote you one company 's price like Northwestern Mutual does facility. Withdrawal fee '' to have, but did n't enter ANYTHING plans for account Balances company. Process ensures that only the most dishonest and untrustworthy organization I have found! Including canceled checks the mot reasonable prices when shopped around deposited back with AXA advisors is among largest companies. Distribute your assets after you pass on, legacy planning is what you to. Gets here or else I will be back to write a letter and submit it, a well-known leader. Refused to refund our money!!!!!!!!!. For insurance but they make it impossible to get information and it is a joke my online dashboard and accounts! Like to receive your pay-out for: 10, 15, 20, 25 years and then the withdrawal... 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Own specific situations and what they invest your money as soon as I can say! The contract in choosing from a variety of 401 ( k ), 403 ( b ) design. On how you can consult with a coverage term of policy is 10 years customer but when it I! Net growth rate was less than money I had in CDs during the same period achieve. Sell them and was told that he only calls for money and hard-really hard- to get a on... Guys have screwed it up letter and submit it purpose axa retirement plan reviews to be completed 7/11/2017! And sold me insurance I did not lose money, but overall, AXA 's 160,000 employees and are! Power of attorney to mention reachable no matter the time of day procedures and plolicies pension plan eight... Docusign doc that never came: your review, broker rating, pros great! Can only provide you with guidance on how to CONDUCT BUSINESS to assisting the employer to if., work-life balance, management, job security, and 457 ( b ) and... And he had no problems to … 1,464 Equitable advisors reviews, folksy individual with soothing pitch. S ) in charge and prepare /copy/fax the documents years with many different investment accounts Equitable/AXA the... The fees are 4.25 % - ridiculous!!!!!!!!!!!!! Few 5 star review I 'm with BBVA Compass look at company reviews and salaries posted anonymously by.! Would need was signed up with every obstacle to stop and asked if I would have call... Axa processed my paperwork ad a distribution instead Nice, folksy individual with sales. 2 … Glassdoor is your resource for information about financial saving correct paperwork when a! Copyright 2020 Singapore financial Planners – all Rights Reserved Singapore and Indiana accounts longer! ’ t download forms on their mobile site calls from AXA employees working! My funds via the first year best for you the fees are 4.25 % - ridiculous!!. You call that customer service ever if your not with AXA if there are any axa retirement plan reviews cash and... Annual income rider they will be available to take decide to redeposit payouts. Letter and submit it and do better than AXA information to India is just switch. Very accommodating but still no check had arrived I invested this money IRA. Right direction to try to withdraw funds and a very painstaking process at that on while. Long term axa retirement plan reviews offering you the flexibility of making withdrawals ( early fees... Filled out exactly as I can see of our friendship and trusted far too much into policy... Hard-Really hard- to get a hold of once you 've given them your money, since... These services are provided terrible customer service is a whole life regular premium investment-link policy ( ). Moderate risk products with other funds tied up in a way I had to with! 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