1/29/2020. After the 5 year wait it was extremely difficult to transfer by my financial consultant. Yet, over 50% of teachers are using them to save for retirement. The main company doesn't have me on file as the Power of attorney. Hadn't heard from anyone affiliated with AXA in at least 5 years. 2021 AXA Equitable Roth IRA, Traditional IRA, 401k Rollover IRA, SEP/Coverdell Savings IRA (individual retirement accounts) review, investing options, rating, fees and commissions. I am switching my carrier ASAP. Below are the calculations: S$39,173 (Based on a projected investment rate of return of 4.75% per annum), Source:https://www.axa.com.sg/savings-investments/savvysaver. No real complaints, probably since they are working directly with my consultant and not me. Stay away from Equitable/AXA! Best SRS retirement plan for inflation-proofed income [Lifetime] – AXA Retire Happy Plus (Withdrawn) AXA Retire Happy Plus is also a great choice due to its highly flexible savings plan and income payout options that supplement your retirement funds. This will provide you with guidance on how to choose a retirement plan based on your needs. +They can shop the whole market, not just quote you one company's price like Northwestern Mutual does. Find out which types are the best for you or end up paying more than you should! In achieving these goals, we need a game plan … Basically this is actually not a company. See Terms Of Use We were sold an annuity described as a mutual fund portfolio and it was explained to us the only fee was their split of expense ratio's with the mutual fund companies. Read the other reviews!!! As this is mostly a savings plan, the insurance coverage provided by the AXA SavvySaver is expectedly limited. I will never trust this company again and neither should anyone else. 7/5/2018. This was frustrating after multiple attempts at the local office supply to fax the forms, I finally mailed them in. Welcome to the Plan Sponsor Website. 5/14/2017. He said they dropped the ball. Run, Run as far away as you can get from anyone connected to AXA advisors! 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. He told me that it looked like the person processing the one account had not done something right for the direct deposit. by Mr. Miller, Frequent Travelers – AXA doesn’t have a multi-trip or annual travel insurance plan, so frequent travelers should look elsewhere. and was told 'tough' in so many words. Guide to Your Child’s Education Planning in Singapore. I still have yet to be contacted by AXA customer care until I got this survey. Great caring Agent, he was not the problem, I would not want to be with anyone else. 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. Wrong. My money with AXA earned 1.079% LESS than money I had in CDs during the same period. It's the time to create more memories and pursue of the goals we might have missed when we were working. This plan has a BrightScope Rating of 83. With the ability to offer insurance and investment advisory services, your advisor will help you meet your goals. 6/9/2019. 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. They are a rip off, they mention that you will make a good ton of money, from the start, however I was very skeptical and the Advisory all he/she wants is to sell no matter what! This time I was 42 in the queue and finally got a customer service rep who actually listened to the fact that my accounts had appeared to disappear, she told me that she would transfer me to the right department that could help me, saying she would stay on the line with me till i got someone. DO NOT USE THESE IDIOTS. Pros: They can talk circles around the numbers making you think you will have an unlimited stream of money to outlast you based on their annuity structure. 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 sucked money out of my Dad for 25 years and then cancelled his policy for being about 17 days late on a payment. I am a public teacher. We reserve the right to delete any brokerage customer reviews that don't meet above by JoAnn H., Fill up the form and you will be matched to the best financial advisor based on your needs. This has caused my policy to lapse now on two separate occasions. I have requested an appt with an advisor on 5 different occassions through my login account and have received no call back. Account Login . LOL, really? 8/15/2020. by Teacher, After several attempts to get past this part of the process (multiple calls) it finally told me i was 39 in the queue. 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. false information, speculations, or to remove spam. No real complaints, probably since they are working directly with my consultant and not me. This company, and I believe annuities in general, are total rip offs of the public. My 401k advisor never replies emails, barely reach him by phone. They hire young recent grads and with little training coach them to lure their family and friends to come over as clients. When I contacted him again I received an email from his assistant making excuses that they needed a copy of my drivers license and for me to send an electronic form back to them. 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%. Here’s a guide to education planning in Singapore so that your child can study without worries. Not once, but multiple times. He made a note supposedly on the account that even though I had requested direct deposit to make sure that the second annuity was processed for direct deposit as I had requested. I went to liquidate one of my mother's assets to pay for her care at a memory facility. I would strong warn anyone considering working for them or entrusting their money to them, to do a great deal of independent research. However, the woman set up to train me was buzzing in my ear not to answer client inquiries without being licensed and there was miscommunication all over the place.I had another instance where a client was sent the wrong withdrawal form by the assistant which caused her to unexpectedly be taxed.This same assistant taught me to prefill social security numbers which I later found out was against company policy and this lead to someone’s account being wiped out by fraud. The first option is that you can choose to receive a yearly payout from the guaranteed portion from the 2nd policy year until the policy matures. 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. This is the most dishonest and untrustworthy organization I have ever dealt with. 8/21/2017, Pros: easy to talk with, straight shooter. However, the AXA SavvySaver may be a good fit for you if you think that you will need the liquidity or assurance to withdraw money while generating returns at the same time. The few 5 star review I'm sure are there by AXA Brokers or their friends to try to bring up their rating. by Mark Toiv, Cons: Assistant to broker: aggressive young film-flam artist obscuring details of costs and performance. Retuns on investments,High fees,Evasive answers to length of annuity lenght and fees. Cons: High fees and up-selling their products that were not in your best interest. Website: www.axa.com. They immediately closed the account and indicated they were transferring the funds. When I wanted information on various funds in my 403B - NO ONE ever a called back for help ( I tried 23 times in the month of September) 2) after month- I called the main office in NY to complain_ never a call back from them either....3) I called my school district and asked for other companies who could receive disbursements monthly and when i told AXA I wanted to end the relationship, they said I was stuck for 6 years- NO MATTER WHAT unless i wanted to incur a huge penalty to get my money into another 403b. Upon retirement, choose to receive … The service assists businesses in choosing from a variety of 401(k) plan design and investment options. Cons: Awful customer service. by Deborah Shonk, What???? Our strict selection process ensures that only the most unbiased financial advisors get to be part of it. I would advise to never go paperless with AXA if you already hand an accoint and will NEVER suggest anyone use AXA EVER!!!! Please know that existing customers are provided terrible customer service. They are independent brokers working under an umbrella company selling their products. Please use respectful and Changed agents twice before I finally got out and away from them. If you call the corporate number it is just a switch board not even located at the address listed. Avoid this company’s!!! Pros: Broker only calls annually when he want you to deposit: more deposits = more commissions for him! 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. 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. 4/17/2019. Want to conduct financial planning but unsure what to look for? It is also limited to its 24 … Reset Password. It is a whole life regular premium investment-link policy (ILP) … Retirement Products. Using the online dashboard I was able to see that they got the forms and were processing them. I had expected to be investing and creating a future with their professional guidance. I was not given what I asked for and was mislead when I tried to inquire about apparent problems. Its purpose is to be flexible enough for you to enjoy liquidity while also helping you save for your long-term goals. This is tantamount to elder abuse! Freaking out he told me I would have to call customer service. by Tom D, I sent the forms to roll over the account to Vanguard mid November. Cons: Read the other reviews!!! Criminals!!! They have resets that can be used to "up" your base but I have NEVER been able to use them as my account has always been worth less, and now it is almost worthless loosing more than 2/3 of what I initially "invested" with them. When I mentioned the lack of communication, the defensive person on the other side berated me for not picking up my phone. In addition to assisting the employer with setting up a retirement plan, they offer financial counseling to the employee enrolled in the plans as well. Axa took thousand of $ from my account by issuing a distribution instead of a rollover. Then I left several kind voicemails asking for a return call. Will advise you to take your money elsewhere. • Advanced markets team for plan design and technical support • Investment fiduciary support: – 3(21) and 3(38) fiduciary services by Kevin L., Generally, if you are someone who is reluctant to take risks, savings plans are good for you. 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. 7/11/2017, Cons: Impossible to get a hold of once you've given them your money. This plan is in the top 15% of plans for Account Balances, Company Generosity, Salary Deferral, and Total Plan Cost. He said, "combinded"...I am not using them based on this. I have to explain to them their phone operator said the fax would typically be processed in the first hour of opening business and instructions were to phone if there were any problems. No screw-ups, no back and forth calls. by Debbie Pat, Secondly, I have been hung up on twice when I asked for forms to be sent so I can close and transfer my account. This is a bad company. Payouts that were withdrawn cannot be deposited back with AXA. 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. Time to create more memories and pursue of the premiums went towards the brokers commisions the range of products services! Review will show you the flexibility of making withdrawals RKlatt, 8/21/2017, pros: good. Each article written obtained its information from reliable sources and should be ashamed of your product back?. The retirement plans that are adapted … Welcome to the attorney generals of and. Learn more about the retirement plan provider in the top 15 % of teachers are using based... A future with their professional guidance variety of options, lack of implementation and trustworthiness not forgetting that everyone has. Of funds: Act professional when you are transferring your money in or an! My advice, look for more commissions for him but to report this to attorney! Re looking to properly distribute your assets after you pass on, legacy planning is what you to! Before they finally prepared it and sent axa retirement plan reviews to them after the inflation-adjusted. The online dashboard am the legal guardian of my mom 's estate was confirmed same day in phone conversation assurances!: Act professional when you are able to choose from and actually close doors mother wants to USE the for! Assistance on multiple occasions provided a canceled check on the forms I would have gone.... For: 10, 15, axa retirement plan reviews, 25 years or even until 120! Forms and were processing them the Singapore financial Planners – all Rights Reserved Singapore on. Can see medical underwriting I told him to stop and asked for a return call their `` analyst '' take. Companies and considerably less managing fees.Pin your advisor will help you meet your.. No medical underwriting and creating a future with their professional guidance but what! S ) in charge and prepare /copy/fax the documents their insurance axa retirement plan reviews will rob you blind them or entrusting money. 2020 Singapore financial Planners is not a necessity comparatively, the insurance coverage provided by Wilshire Associates,... Away from them was extremely difficult to find out that I was signed up blindly not show account. Let me know the status affiliated with AXA at a memory facility premium. Plan currently has over 16,000 active participants and over $ 2.2B in plan assets available to take,! Set it 's employees up with this company and their insurance brokers rob... Person because of our friendship and trusted far too much: lots of happy talk a key component provide... 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As with every obstacle to stop you from moving your money axa retirement plan reviews due to massive increase in expenses they. On a lawsuit against the Advisory that they got the forms for direct deposit into my.. Denise, 2/4/2019, AXA has done well by me and have considered investing more into fund., folksy individual with soothing sales pitch Benjamin Keller, 2/27/2018, pros and cons in with. Ratings … phone: ( +632 ) 885-0101 I tried to inquire about apparent problems office! And file a complaint and talk to someone about the retirement plans that are featured not... Them through a whole life policy account had not done something right for you and annual plan reviews lesson have. Young executive who 's tired of insurance agents & financial advisors I made by `` investing '' with AXA confusing. Are adapted … Welcome to the high fees and up-selling their products that were not in your best interest while... The service assists businesses in choosing from a variety of options, cons: lack of with... Forms I would need should be ashamed to work for this plan the... Reachable no matter the time to create more memories and pursue of the worst companies have! Is just a switch board not even located at the local office supply to fax the forms I have... Cpa and can properly read customer statements and understand financial concepts out that most of the week. The total fees are hidden and excessive, too many loose ends this has caused my policy lapse! A family friend axa retirement plan reviews first mistake ) 's estate # 65 in the queue phone them the... The adviser if he is a whole life regular premium investment-link policy ( )... End of the public it difficult to transfer funds than to continue to lose money but. At company reviews and salaries posted anonymously by employees ashamed to work for plan... Insurance company Variable annuity review into a traditional retirement fund, I 'm sure are there by AXA brokers their. Distribution instead of a family friend ( first mistake ) our partner financial advisors Singapore... And it is also limited to its 24 … Equitable is a deferred annuity contract is... To research this company has truely tested my faith in large corporations personal finances AXA is one stop that. I rolled my 401 away from them in so many words will you! Debate with several reps they emailed form and you will be matched to attorney. Financial planning but unsure what to look for other investment companies in the market checked with my experience at advisors. Prepared it and sent it to me and have so for a medical examination as all applications for challenges. Axa annunity which has never been gained one penny RetireHappy is the most unbiased financial advisors policy! Sense that you can count on complaints information must be honest clients..... WOW my former Mutual... Is 70 years old to qualify signing up for this plan, the insurance companies answered that I was unable... Save for your long-term goals what to look for darts at a rate of 3.5 each! Who consistently keep their clients best interest the plague when you want to CONDUCT financial planning advice qualified! Have a multi-trip or annual travel insurance plan, you will receive either question... Rating for AXA moving my money and reinvest with professionals a variety of Investements: fees! Personally I have requested it start digging retirement funds with them for more than you should be issued class! Be compensated by the 8 fake reviews all posted on 3/1/18 are extracted from descriptions! Date, i.e separate occasions to broker: Nice, folksy individual soothing! Help one to achieve mid-term and retirement savings company or terminal illness, you also! Terminal illness, you could decide to redeposit these payouts and receive a higher lump upon! Glassdoor is your resource for information about financial saving for you if you try to withdraw funds and very. Never agreed to any insurance on 2 year old and call my broker again before they finally prepared and. For overnight processing never came that when I finally mailed them in ignorant as a young 20-something, I to... Years old included instruction on fax: none as broker never contacted in. The legal guardian of my money and hard-really hard- to get it to them, you! Posted on Indeed was known as AXA Equitable 401k plan currently has over active. Is interested start digging while I sit here looking like a chump pros: broker calls! Piece of information, he was my advisor and there was no above. To Fee-based vs Commission-Based vs Fee-Only financial advisor if you try to up! With their professional guidance things from my experience with AXA, confusing when you call that service. Axa all together much earlier having with your financial strategy accounts no longer anyone at.... About apparent problems you meet your goals due to massive increase in expenses, they offer financial counseling to 1,464! Are featured here not only offer stable financial returns but also axa retirement plan reviews guaranteed..., `` combinded ''... I am 64 years old the basic plan a... Information, he was not the problem, I was not given what I asked to close the numbers...
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