To Our Valued Clients

From Christopher "Kip" Condron, Chairman and CEO, AXA Equitable

October 29, 2008

You don't need me to tell you the world is grappling with extreme financial instability and uncertainty unseen for many decades. Here at AXA Equitable, we are acutely aware of the anxiety you may be feeling.

I know more than anything else, you need to know that we are dedicated to helping you meet your financial protection goals. You need assurance that we will fulfill our obligations to you whenever they come due, whether it's next month or many years into the future.

That's why I am writing to you now.

I want to assure you that we are managing our business prudently and doing our part to maintain the financial strength and resources to meet our customer obligations and guarantees and pay claims. I'd like to stress three important points:

AXA Equitable maintains a strong balance sheet
AXA Equitable manages its assets conservatively
AXA Equitable is a disciplined risk manager

AXA Equitable has been helping clients in this way for 149 years. We are in the business of providing guarantees to help meet customer needs for the new retirement reality. Our commitment to your financial protection has been a consistent part of our heritage through many types of economic and market conditions. This experience is the foundation of your relationship with AXA Equitable.

Your financial professional is another important resource in your relationship with AXA Equitable. I encourage you to meet with your financial professional as market conditions change or your personal situation changes to review your goals and discuss any questions or concerns you may have. Once you’ve gathered and analyzed the appropriate information and determined whether your risk tolerance and goals have changed, your financial professional can help you make appropriate changes to your current financial plan.

Your relationship with AXA Equitable is invaluable to us and we recognize that in these uncertain times, you may need our support. In addition to the financial protection we strive to achieve for you, we deliver on our commitment to you in several ways.

We are available to you when you need us and attentive to your concerns through all market conditions. You can trust that we are reliable in all the services we provide to you.

I want to assure you that we are singularly focused on helping you in these challenging times – providing you with the products and services that enhance the financial protection you and your family may need.

GE- 46686 (10/08)
Life insurance and annuity products are issued by AXA Equitable Life Insurance Company (NY, NY) and co-distributed by affiliates AXA Advisors, LLC and AXA Distributors, LLC. Guarantees are based on the claims-paying ability of AXA Equitable Life Insurance Company.