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Friday, January 13, 2012
Sign of the times: MetLife, Axa limiting customer contributions to certain variable annuity purchases
Axa Equitable Life Insurance Co. and MetLife Inc. have enacted limits to the amount that some customers can add to their variable annuities. In both cases, the limitations apply to customers who have already purchased the variable annuities and would like to add more money to their accounts, which clients may be inclined to do if their investments perform well or if they'd like to protect more of their assets under a benefit rider. Read more... posted by Charles Monat Associates at 9:23 AM
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