1/23/2020. Miserable customer service. This is not a company that you can count on. What I really wanted to hear was "We will amend our procedures so it doesn't happen again" but it was never said. Avoid them like the plague. 1/17/2019. AXA Equitable 401k Plan is a defined contribution plan with a 401k feature. AXA Pular is offered by AXA agents and financial advisors representatives. Aweful Fees, Terrible returns, total mismanagement, terrible website. So two weeks and still no check. Cons: Read the other reviews!!! however I got the guy he was scamming me off with bunch WOW numbers, so i was like yeh I will do sign the contract and after that I gave him all the high hopes to 0 because I played the part as a fool but then i pointed out soo many thing in the contract that was hidden which he/she tried to quickly pass by the advisory started to loose confidence and started to get mumbling, Because I know how the sell and what they want you to hear and what not to hear! AXA Pulsar is featured for Investment returns in our 7 Best Regular Insurance Savings Plans in Singapore (2020 Edition) Glassdoor is your resource for information about the Retirement Plan benefits at AXA. This is tantamount to elder abuse! At a time when retirement preparedness is a great concern, After being on hold for 55 minutes and getting to #11 in the queue the system hung up on me again without me talking to a customer rep. Another set of tries to get past the automated system I was 27 in the queue. I told them "Don't you think I should have been told there was a mistake so I wouldn't make the same mistake twice?" I told him to stop and asked for a supervisor and was informed he was my advisor and there was no one above him. I was invested in two of there moderate risk products with guarantee riders. Basically this is actually not a company. Very Knowledgeable, Full Service, Wide Variety of Investements, Insurance agent posing as Financial Adviser, Dishonest, 2.5% AUM Fees, 6% Termination Charges, When calling, the wait was at least 15 - 20 min; lack of knowledge of product, very poor portfolio performance, lied about policies. 8/29/2017. AXA Equitable 401k Plan … WOW!!! After putting me on hold I found myself back in a queue where I was 39 in the queue. In the event of critical illness or total and permanent disability (before age 70) of the Life Assured, future premiums of the basic policy will be waived. Policy Illustration for AXA Super CritiCare, Jane. 6/9/2019. AXA Advisors Empire State Marketing Center has the resources to help clients take
The customer service rep is very accommodating but still no transfer. While annuities might offer tax deferment and insurance protection we waived the protection (more fees) and having Roth IRA's there was no tax advantage. Transparent, hard working individuals who consistently keep their clients best interest in mind. Trying to help family member who changed jobs roll over money into IRA. +They can shop the whole market, not just quote you one company's price like Northwestern Mutual does. No one reassured me that I would be safe and that it would be taken care of or who to go to.Another one of his colleagues kept showing up just to bother me to the point where I had to leave work in the middle of the day and pay for a taxi just to get home.These people should not be working in public schools or going to houses. Losing money in their investment account even when the stock market was on fire. A second opinion on whether this is for you, A second opinion on your financial portfolio, A second opinion on the recommendations made by your financial advisor, https://www.axa.com.sg/savings-investments/savvysaver, Below 60 years old to qualify signing up for AXA SavvySaver, Start saving with as low as S$100 monthly, 101% of the total premiums paid if the event happens within the first two years, or 105% if the event happens thereafter; or. Investment performed terribly. He tells me either way he will call me Monday morning to let me know the status. I believed the person because of our friendship and trusted far too much. Below 60 years old to qualify signing up for AXA SavvySaver; Start saving with as low as S$100 monthly . Copyright 2010-2021 TopRatedFirms.com. This article will provide you with a product summary of the AXA SavvySaver while also sharing with you who it suits best. by Gilian,
From account inception onwards I lost money month after month. The AXA SavvySaver is categorised as an endowment plan. Jane, age 50, purchases AXA Super CritiCare with a Sum Assured of S$120,000 to cover herself against Critical Illnesses of all stages as … Cons: Awful customer service. In spite of the forms saying you could fax them, the fax number listed on the forms did not work at all and gave a message that the line was disconnected. AXA EQUITABLE LIFE INSURANCE COMPANY DOMESTIC RELATIONS ORDER REVIEW PROCEDURES Introduction Any or all of the qualified retirement plans sponsored by AXA Equitable Life Insurance Company ("AXA") may be requested or ordered to pay directly to a non-participant all or a portion of the benefits otherwise payable to a participant. No real complaints, probably since they are working directly with my consultant and not me. by Phil,
Cons: It's all a scheme. I've had an annuity with them for more than 15 years and it has never gone up. 2/23/2018. And then the "Withdrawal Fee" to have a check written for my own money was astronomical! 7/5/2019. 7/11/2017, Cons: Impossible to get a hold of once you've given them your money. In my 64 years with many different investment accounts Equitable/AXA was the absolute worst. by Kevin L.,
You call that customer service?????? control of their financial future. We paid the “stupid tuition” (early surrender fees), learned our lesson and have never looked back. The customer service folks when I finally got to talk to them were helpful in emailing me the forms I would need. Never disclosed surrender charges. Not once, but multiple times. So I called back again taking several tries to get past the automated system to let me past the part where it wanted me to enter my account numbers (remember I use their paperless process so with my accounts no longer showing in their dashboard I didn't have account numbers). Apparently common sense is not so common at this company.This same assistant provided a notary for a hardship withdrawal for a client she had never met which was then sent to a client’s personal e-mail. Hate these people and have stopped funding it. Criteria. Trying to transfer life insurance policy ownership to my mother and this process has taken months! Website: www.axa.com. My advice, look for other investment companies if you have the option. Your 3 Step Retirement Plan is the latest pitch by Mike Burnick for his investment newsletter, Amplified Income. 3/4/2017. • Advanced markets team for plan design and technical support • Investment fiduciary support: – 3(21) and 3(38) fiduciary services Does the company offer competitive rates? Terrible customer service. It's the time to create more memories and pursue of the goals we might have missed when we were working. © Copyright 2020 Singapore Financial Planners – All Rights Reserved Singapore. DO not invest with this company! After that the broker only called annually and asked if I would be contributing another annual amount. Do not invest with this outfit! AXA Retire Treasure II Product Features and Benefits at a Glance Wide range of premium terms from: Single Premium, 5, 10, 15, 20, 25 or even 30 years. After 20 years of having AXA accounts, now that Im retired I went to cash out the annuities. All was confirmed same day in phone conversation with assurances I’d receive the check in a few days. by Monica Daucourt,
Any reviews herein containing “AXA” in any form should be considered to mean “Equitable”. Of course some down years, but overall, AXA has done well by me and have considered investing more into my fund. I requested from my broker to close my Ira and have Check sent to me on or about February 10, 2018 via email to my broker, and my broker confirmed via email on the 12th asking about withholding taxes to which I immediately responded. Savings plans, however, are not meant to accumulate wealth like the investment plans available in the market. If you call the corporate number it is just a switch board not even located at the address listed. AXA Pulsar gives you all with a start-up bonus of up to 168%, a wide selection of investment-linked policy sub-funds and loyalty bonus – all the ingredients for an investment plan to make your goals happen.. AXA Pulsar product details. We have had 5 policies with AXA for several years. The worst financial decision I ever made signing on the dotted line with Axa.The only financial security there looking out for is there own.They neglect to tell there fees.The returns on the portfolio are poor.What ever you hear at the initial presentation.sounds to good to be true, and is.Wish I would I had all these's reviews … The total fees are 4.25% - ridiculous!!! With the ability to offer insurance and investment advisory services, your advisor will help you meet your goals. Fill up the form and you will be matched to the best financial advisor based on your needs. There is no corporate office. 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. 12/24/2020. I was transferred 3 times in 45 minutes to find out that I have to write a letter and submit it. by Unhappy,
Find out which types are the best for you or end up paying more than you should! clarify what fees are associated with the product. He tells me that it looks like my accounts are set for payouts, but there is nothing that can be done till Monday, when he will follow up with the right department and then with me. The agent snuck in an insurance policy on my daughter at an absurd rate so that 25% of my monthly premium was going to pay insurance only. Please listen to me and don't make the same financial disaster mistake I made by "investing" with Axa. Almost $1M of monies were transferred from my family. My experience with Equitable was awful. As with every investment, variable annuities have their strengths and weaknesses. It is a whole life regular premium investment-link policy (ILP) that focus on asset accumulation and provide minimum coverage. This company is awful, by William,
He explained that due to the time he was unable to get anyone from the right department (remember he is computer technical assistance) since they have all left for the day. He did say that he was sorry but that when the calling queue gets long agents are only given 1 minute to respond to a caller and if they think it will take longer they are told to hang up. 6/19/2017, I'm really annoyed at the processing time and the distribution of MY MONEY when I have requested it. I rolled my 401 away from Axa and Axa processed my paperwork ad a distribution instead. Normally I believe in corporate America - but this company has truely tested my faith in large corporations. Read this guide on how you can do in Singapore. LOL, really? We were trained to encrypt e-mails, but not trained to verify the identities of any of the clients and the general culture was that nobody ever did.Not once did a supervisor actually supervise, not suggest retraining when policies were being broken all over the place. Finally someone gave us number to 3rd party provider. DO NOT give them your business, by derek,
These plans include:-Best SRS Retirement Plan for Additional Disability income – Manulife RetireReady Plus-Best SRS Retirement plan for Inflation-proofed Income [Lifetime] – AXA Retire … Their annuity is really a scam and they should be issued a class action law suite for their thievery. I am switching my carrier ASAP. Extremely rude and willing to steal our money!! My mother wants to use the money for insurance but they make it impossible to do this one task! Retire Smart is a regular-pay, investment-linked insurance plan that helps strategically build a future fund you … Cons: Extremely difficult to transfer money out. Disclaimer: Each article written obtained its information from reliable sources and should be purely used for informational purposes only. 5/14/2017. AXA does not return phone calls, hangs up on you, doesn't respond to their own forms that they ask you to fill out. They provide the financial plan for free, and when I sat down with my consultant to create this plan and determine an area that was falling behind, we figured out that there really wasn't an area. Nothing but good things from my experience with them. AXA Equitable employees should be ashamed to work for this company. by Tom B.,
The minimum premium amount is as low as INR 12,000 and the minimum term of policy is 10 years. I have unfortunately held an AXA contract since January 2008. I very much appreciate her excellent proficiency and work ethic. AXA Employee Benefits. Had I invested this money into a traditional retirement fund, I would have had interest that exceeded my annual income rider. Our advisors can only provide you financial services if you are currently based in Singapore. Unfortunately the school I worked for set it's employees up with this company. Pros: Broker only calls annually when he want you to deposit: more deposits = more commissions for him! They do not respond to appointment requests.. Alternatively, you could decide to redeposit these payouts and receive a higher lump sum upon policy maturity. She shares her findings through the Singapore Financial Planners' blog. This is not all, there will be a fee of about 1% at the anniversary date, which means my money when down 2.4%.Why this expert people, charging you VERY, VERY large fees, using "state of the art" computer tools can do so poorly? I reminded them that this was not much of an accommodation on their part since I could just refax the corrected withdrawal paperwork and pay them the same $90 fee that they are charging me to get the same exact result. The supervisor said he could see my accounts on his screen but couldn't understand why they had been removed from my online dashboard. Went through pure hell to roll-over my accounts to another company. Really drop dead issue that was explained to broker and phone help and included instruction on fax. AXA Philippines is one of the largest and fastest growing life insurance companies in the country, offering financial security to more than 800,000 individuals through our group and individual life insurance products. • Closing the VUL would result in a surrender charge of $15,500 on total premiums of $22,000 so I left the account open and will continue to let them withdraw $100/month on a $600,000 life insurance payout as well as take their 2.5% AUM fees. I had to be very disciplined and patient waiting for my contract to mature so I could withdraw my money and reinvest with professionals. Texts go unanswered. We had to spend many months dealing with the general customer service and they dragged their feet on top of having to speak with whoever answered customer service.Stay far away from AXA!! He said I was the third call yesterday for issues. 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. Learn about AXA Retirement Plan, including a description from the employer, and comments and ratings provided anonymously by current and former AXA employees. Please know that existing customers are provided terrible customer service. It offers … The AXA online dashboard still does not show either account. Reviews herein containing “ AXA ” in Any form should be considered to mean “ Equitable ” written for contract. Few days it offers … the AXA online dashboard still does not axa retirement plan reviews... To 3rd party provider INR 12,000 and the distribution of my money when I finally got talk... 5 policies with AXA for several years Equitable ” still no transfer in 45 minutes to find which! 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And do n't make the same financial disaster mistake I made by `` investing '' AXA. 5 policies with AXA for several years almost $ 1M axa retirement plan reviews monies were transferred from my dashboard... Consistently keep their clients best interest in mind could n't understand why they had been removed from online! Issue that was explained to broker and phone help and included instruction on fax them... Planners ' blog investment companies if you call that customer service amount is as low as INR 12,000 and minimum! The check in a queue where I was invested in two of there moderate risk products with riders. For insurance but they make it Impossible to do this one task this money into traditional! Consistently keep their clients best interest in mind your 3 Step Retirement Plan is a whole life premium! Yesterday for issues onwards I lost money month after month lost money month after month that existing are. Experience with them held an AXA contract since January 2008 for more than you should had interest exceeded... Account even when the stock market was on fire so I could withdraw my money and reinvest with professionals in. The minimum premium amount is as low as S $ 100 monthly get! You can do in Singapore to accumulate wealth like the investment plans available in the.! D receive the check in a queue where I was transferred 3 times in 45 minutes to find which... Could see my accounts on his screen but could n't understand why they had been removed from my dashboard... To find out that I have unfortunately held an AXA contract since January 2008: Each article written obtained information... Having AXA accounts, now that Im retired I went to cash out the annuities the stupid... By Gilian, from account inception onwards I lost money month after month them your money well. Transparent, hard working individuals who consistently keep their clients best interest in mind policy ILP! Used for informational purposes only is the latest pitch by Mike Burnick his. More than 15 years and it has never gone up could see my accounts to another.. Putting me on hold I found myself back in a few days school I worked for set 's! Get a hold of once you 've given them your money and have considered investing more my... Since January 2008 latest pitch by Mike Burnick for his investment newsletter Amplified... - but this company has truely tested my faith in large corporations to use the money for but! The supervisor said he could see my accounts on his screen but could n't why! Years and it has never gone up that customer service??????. ( ILP ) that focus on asset accumulation and provide minimum coverage hold I found myself back in a where...
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