Investment Options — Portal I

Retirement Gateway® Group Variable Annuity investment options — Portal I

Allocation Portfolios Large Cap Growth (Continued) Mid-Cap Growth (Continued) Short-Term Bonds AXA Aggressive Allocation B Franklin DynaTech R Eaton Vance Atlanta Capital SMID-Cap R EQ/PIMCO Ultra Short Bond IB AXA Conservative Allocation B Franklin Growth R Franklin Small-Mid Cap Growth R American Century Short Dur Inf PrBd R AXA Conservative PLUS Allocation B Janus Forty R Janus Enterprise R International Stocks AXA Growth Strategy IB MFS Growth R1 Lord Abbett Growth Opportunities R3 Developed Markets AXA Moderate Allocation B MFS Massachusetts Investors Growth Stock R1 Neuberger Berman Mid Cap Growth R3 EQ/International Core PLUS IB AXA Moderate PLUS Allocation B Neuberger Berman Guardian R3 Oppenheimer Discovery Mid Cap Growth R EQ/International Equity Index IB AXA/Franklin Templeton Allocation Neuberger Berman Socially Responsive R3 Mid-Cap Value ClearBridge International Value R Managed Volatility IB Prudential Jennison 20/20 Focus R AXA Mid Cap Value Managed Volatility IB Federated InterContinental R American Century One Choice 2020 Portfolio R Prudential Jennison Growth R AXA/Mutual Large Cap Equity Invesco International Growth R American Century One Choice 2025 Portfolio R T. Rowe Price Blue Chip Growth R Managed Volatility IB Janus International Equity R American Century One Choice 2030 Portfolio R T. Rowe Price Growth Stock R Multimanager Mid Cap Value IB Janus Overseas R American Century One Choice 2035 Portfolio R Large Cap Value AB Discovery Value R Lord Abbett Intl Dividend Inc R3 American Century One Choice 2040 Portfolio R AXA Large Cap Value Managed Volatility IB BlackRock Mid Cap Value Opportunities R MFS International Diversification R1 American Century One Choice 2045 Portfolio R EQ/Boston Advisors Equity Income IB Invesco American Value R MFS International Growth R1 American Century One Choice 2050 Portfolio R EQ/Invesco Comstock IB MFS Mid Cap Value R1 MFS International New Discovery R1 American Century One Choice 2055 Portfolio R EQ/JPMorgan Value Opportunities IB Perkins Mid Cap Value R Neuberger Berman Intl Large Cap R3 American Century One Choice In Retirement R American Century Value R Mid-Cap Blend Oppenheimer International Diversified R American Century Strategic Inflation Opps R American Funds American Mutual R2 EQ/Mid Cap Index IB Oppenheimer International Growth R American Funds Global Balanced R2 American Funds Washington Mutual Investors R2 Invesco Mid Cap Core Equity R Oppenheimer International Small Co R BlackRock Global Allocation R BlackRock Basic Value R ClearBridge Mid Cap Core R T. Rowe Price International Stock R Columbia Balanced R BlackRock Equity Dividend R Lord Abbett Value Opportunities R3 Templeton Foreign R Franklin Income R Columbia Dividend Income R Small Cap Growth Emerging Markets Invesco Balanced-Risk Allc R Deutsche Large Cap Value R AXA/AB Small Cap Growth IB American Funds New World R2 Invesco Equity and Income R Eaton Vance Large-Cap Value R Alger Small Cap Growth Institutional R Invesco Emerging Markets Equity R Invesco Income Allocation R Federated Clover Value R Deutsche Small Cap Growth R Global Equity Lord Abbett Diversified Income Strategy R3 Franklin Equity Income R Eaton Vance Small-Cap R AXA Global Equity Managed Volatility IB MFS Conservative Allocation R1 Invesco Comstock R Lord Abbett Alpha Strategy R3 AXA International Core Managed Volatility IB MFS Growth Allocation R1 Invesco Diversified Dividend R MFS New Discovery R1 AXA International Value Managed Volatility IB MFS Moderate Allocation R1 Invesco Growth and Income R Small Cap Value AXA/Templeton Global Equity Managed Volatility IB MFS Total Return R1 Lord Abbett Affiliated R3 AXA/Franklin Small Cap Value EQ/Oppenheimer Global IA Templeton Global Balanced R MFS Value R1 Managed Volatility IB American Century Global Growth R T. Rowe Price Retirement 2005 R Neuberger Berman Equity Income R3 EQ/GAMCO Small Company Value IB American Funds EuroPacific Growth R2 T. Rowe Price Retirement 2010 R Oppenheimer Equity Income R Columbia Multi-Advisor Small Cap Value R BlackRock Global Small Cap R T. Rowe Price Retirement 2015 R T. Rowe Price Equity Income R Federated Clover Small Value R Eaton Vance Global Dividend Income R T. Rowe Price Retirement 2020 R Large Cap Blend Small Cap Blend Oppenheimer Global Opportunities R T. Rowe Price Retirement 2025 R AXA Large Cap Core Managed Volatility IB EQ/Small Company Index IB Sector/Speciality T. Rowe Price Retirement 2030 R AXA Mutual Large Cap Equity Invesco Small Cap Equity R EQ/GAMCO Mergers & Acquisitions IB T. Rowe Price Retirement 2035 R Managed Volatility IB Bonds American Century Global Gold R T. Rowe Price Retirement 2040 R EQ/Capital Guardian Research IB Intermediate Bonds BlackRock Health Sciences Opps R T. Rowe Price Retirement 2045 R EQ/Common Stock Index Portfolio IB AXA/DoubleLine Opportunistic Core Plus Bond IB Columbia Seligman Comms & Info R T. Rowe Price Retirement 2050 R EQ/Equity 500 Index IB EQ/Core Bond Index IB Deutsche Real Estate Securities R T. Rowe Price Retirement 2055 R American Funds Fundamental Investors R2 EQ/Quality Bond PLUS IB Deutsche Select Alternative Allocation R Large Cap Growth ClearBridge Appreciation R Multimanager Core Bond IB Franklin Utilities R AXA Large Cap Growth Managed Volatility IB Columbia Contrarian Core R Chartersm Multi-Sector Bond B Invesco Global Real Estate R AXA/Loomis Sayles Growth IB Deutsche Core Equity R Fidelity VIP Investment Grade Bond SC 2 Ivy Funds VIP Science and Technology EQ/Large Cap Growth Index IB Federated Max-Cap Index R Franklin Strategic Income VIP Fund C12 MFS Technology R1 EQ/Wells Fargo Omega Growth IB Franklin Rising Dividends R Invesco Premium Income R MFS Utilities R1 AB Core Opportunities R Invesco Charter R Invesco Strategic Real Return R Oppenheimer Gold & Special Minerals R AB Large Cap Growth R Invesco Equally-Wtd S&P 500 R PIMCO VIT Real Return Adv PIMCO Commodity Real Ret Strat R Alger Capital Appreciation Instl R Lord Abbett Calibrated Dividend Gr R3 PIMCO VIT Total Return Adv Prudential Financial Services R American Century All Cap Growth R Lord Abbett Fundamental Equity R3 Putnam Income R Prudential Global Real Estate R American Century Select R MFS Massachusetts Investors Trust R1 High-Yield Bonds Prudential Jennison Natural Resources R American Funds AMCAP R2 Oppenheimer Main Street R Franklin High Income R Cash Equivalents American Funds Growth Fund of America R2 Oppenheimer Rising Dividends R Invesco V.I. High Yield II EQ/Money Market IB BlackRock Capital Appreciation R Prudential Jennison Equity Income R Ivy Funds VIP High Income Stable Value Fund BlackRock Large Cap Growth R Mid-Cap Growth International Bonds Guaranteed Account ClearBridge Aggressive Growth R EQ/Morgan Stanley Mid Cap Growth IB EQ/Global Bond PLUS IB Guaranteed Interest Option Deutsche Capital Growth R Multimanager Mid Cap Growth IB American Funds Capital World Bond R2 Personal Income BenefitSM Eaton Vance Growth R AB Discovery Growth R Putnam Global Income R PIB AXA Balanced Strategy Federated Kaufmann Large Cap R American Century Heritage R Templeton Global Bond VIP C12

Variable Annuities: • Are Not a Deposit of Any Bank • Are Not FDIC Insured • Are Not Insured by Any Federal Government Agency • Are Not Guaranteed by Any Bank or Savings Association • May Go Down in Value AXA Equitable Life Insurance Company (NY, NY) Portfolio features AXA Equitable’s proprietary managed-volatility strategy (or may invest in underlying portfolios that feature this strategy) that currently utilizes futures and options to manage equity exposure when market volatility increases above specific thresholds set for the portfolio. It is not possible to manage volatility fully or perfectly, which could cause these portfolios to underperform or experience losses. Investment options and available share classes are subject to change. Contact your financial professional for the most up-to-date list of investment options and available share classes. Amounts in variable investment options are subject to fluctuation in value and market risk, including loss of principal. Clients should consider the charges, risks, expenses and investment objectives carefully before investing. For a prospectus containing this and other information on the investment options listed here, clients should contact their financial professional. Clients should read the prospectus carefully before they invest or send money. The Retirement Gateway® Investment Options contain various types of investments, including variable investment trusts and mutual funds. Certain investment funds may contain different investments than similarly named investment funds of a different type offered by the money manager. Investment results of the different types of similarly named investments may be higher or lower. Please see the investment fund’s prospectus for more information on the type and structure of the investment. A group variable annuity is a long-term financial product that is used for retirement purposes. In its most basic form, a group annuity is a contract between a company and an insurance company to allow company employees (participants) to make contributions toward a retirement account and then be able to receive payments from the account during retirement years. There are contract limitations and fees associated with variable annuities, which include, but are not limited to, mortality and expense risk charges, sales and surrender charges, administrative fees and charges for optional benefits. Retirement Gateway® is a group deferred flexible premium combination fixed and variable annuity contract and is a registered service mark of AXA Equitable Life Insurance Company. Retirement Gateway® group variable annuity contract is issued by AXA Equitable Life Insurance Company. Co-distributed by AXA Advisors, LLC and AXA Distributors, LLC (members FINRA, SIPC). AXA Equitable, AXA Advisors and AXA Distributors are affiliated companies and do not provide tax or legal advice. Retirement Gateway® contract form #s: 2005GAC QP, 2011RG-457, 2012RDPIB-RG, 2012QPRG and any state variations. “AXA” is the brand name of AXA Equitable Financial Services, LLC and its family of companies, including AXA Equitable Life Insurance Company (NY, NY), AXA Advisors, LLC, and AXA Distributors, LLC. AXA S.A. is a French holding company for a group of international insurance and financial services companies, including AXA Equitable Financial Services, LLC. The obligations of AXA Equitable Life Insurance Company are backed solely by its claims-paying ability. © 2015 AXA Equitable Life Insurance Company. All rights reserved. 1290 Avenue of the Americas, New York, NY 10104, (212) 554-1234

G35043 GE-87148 (5/15) (Exp. 5/17) Cat. #149305 (6/15) Retirement Gateway® Group Variable Annuity investment options — Portal II

Allocation Portfolios Large Cap Blend (continued) Sector/Speciality (continued) International Stocks (continued) AXA Aggressive Allocation B Oppenheimer Rising Dividends A Deutsche RREEF Real Estate Securities A Developed Markets (continued) AXA Conservative Allocation B Prudential Jennison Equity Income A Deutsche Select Alternative Allocation A Janus Overseas S AXA Conservative PLUS Allocation B Large Cap Growth Franklin Utilities A Lord Abbett Intl Dividend Inc A AXA Growth Strategy IB AXA Large Cap Growth Managed Volatility IB Invesco Global Real Estate A MFS International Diversification R2 AXA Moderate Allocation B AXA/Loomis Sayles Growth IB Ivy Funds VIP Science and Technology MFS International Growth R2 AXA Moderate PLUS Allocation B EQ/Large Cap Growth Index IB MFS Technology R2 MFS International New Discovery R2 AXA/Franklin Templeton Allocation EQ/Wells Fargo Omega Growth IB MFS Utilities R2 MFS International Value R2 Managed Volatility IB AB Core Opportunities A Oppenheimer Gold & Special Minerals A Neuberger Berman Intl Large Cap A American Century One Choice 2020 Portfolio A AB Large Cap Growth A PIMCO Commodity Real Ret Strat A Oppenheimer International Diversified A American Century One Choice 2025 Portfolio A Alger Capital Appreciation A Prudential Financial Services A Oppenheimer International Growth A American Century One Choice 2030 Portfolio A American Century All Cap Growth A Prudential Global Real Estate A Oppenheimer International Small Co A American Century One Choice 2035 Portfolio A American Century Select A Prudential/Jennison Natural Resources Templeton Foreign A American Century One Choice 2040 Portfolio A American Funds AMCAP R3 Mid-Cap Growth T. Rowe Price International Stock Adv American Century One Choice 2045 Portfolio A American Funds Growth Fund of America R3 EQ/Morgan Stanley Mid Cap Growth IB Emerging Markets American Century One Choice 2050 Portfolio A BlackRock Capital Appreciation A Multimanager Mid Cap Growth IB American Funds New World Fund R3 American Century One Choice 2055 Portfolio A BlackRock Large Cap Growth A AB Discovery Growth A Invesco Emerging Markets Equity A American Century One Choice In Retirement A ClearBridge Aggressive Growth A American Century Heritage A Global Equity American Century Strategic Inflation Opps A Deutsche Capital Growth A Eaton Vance Atlanta Capital SMID-Cap A AXA Global Equity Managed Volatility IB American Funds Global Balanced Fund R3 Eaton Vance Growth A Franklin Small-Mid Cap Growth A AXA International Value Managed Volatility IB BlackRock Global Allocation Inv A Federated Kaufmann Large Cap A Janus Enterprise S AXA/Templeton Global Equity Columbia Balanced A Franklin DynaTech A Lord Abbett Growth Opportunities A Managed Volatility IB Franklin Income A Franklin Growth A Neuberger Berman Mid Cap Growth A EQ/Oppenheimer Global IA Invesco Balanced-Risk Allc A Janus Forty S Oppenheimer Discovery Mid Cap Growth A American Century Global Growth A Invesco Equity and Income A MFS Growth R2 Mid-Cap Value American Funds EuroPacific Growth R3 Invesco Income Allocation A MFS Massachusetts Investors Gr Stk R2 AXA Mid Cap Value Managed Volatility IB BlackRock Global Small Cap A Lord Abbett Diversified Income Strategy A Neuberger Berman Guardian A Multimanager Mid Cap Value IB Eaton Vance Global Dividend Income A MFS Conservative Allocation R2 Neuberger Berman Socially Responsive A AB Discovery Value A Oppenheimer Global Opportunities A MFS Growth Allocation R2 Prudential Jennison 20/20 Focus A BlackRock Mid Cap Value Opps Inv A Bonds MFS Moderate Allocation R2 Prudential Jennison Growth A Invesco American Value A Intermediate Bonds MFS Total Return R2 Prudential Jennison Natural Resources A MFS Mid Cap Value R2 AXA/DoubleLine Opportunistic Core Plus Bond Fund T. Rowe Price Retirement 2005 Adv T. Rowe Price Blue Chip Growth Adv Perkins Mid Cap Value S EQ/Core Bond Index IB T. Rowe Price Retirement 2010 Adv T. Rowe Price Growth Stock Adv Mid-Cap Blend EQ/Quality Bond PLUS IB T. Rowe Price Retirement 2015 Adv Large Cap Value EQ/Mid Cap Index IB Multimanager Core Bond B T. Rowe Price Retirement 2020 Adv AXA Large Cap Value Managed Volatility IB Invesco Mid Cap Core Equity A Chartersm Multi-Sector Bond IB T. Rowe Price Retirement 2025 Adv AXA/Mutual Large Cap Equity Managed Volatility IB ClearBridge Mid Cap Core A Fidelity VIP Investment Grade Bond SC 2 T. Rowe Price Retirement 2030 Adv EQ/Boston Advisors Equity Income IB Lord Abbett Value Opportunities A Franklin Strategic Income VIP Fund CI2 T. Rowe Price Retirement 2035 Adv EQ/Invesco Comstock IB Invesco Premium Income A T. Rowe Price Retirement 2040 Adv EQ/JPMorgan Value Opportunities IB Small Cap Growth Invesco Strategic Real Return A T. Rowe Price Retirement 2045 Adv American Century Value A AXA/AB Small Cap Growth IB PIMCO VIT Real Return Adv T. Rowe Price Retirement 2050 Adv American Funds American Mutual R3 Alger Small Cap Growth A PIMCO VIT Total Return Adv T. Rowe Price Retirement 2055 Adv American Funds Washington Mutual Investors R3 Deutsche Small Cap Growth A Putnam American Government Income A Templeton Global Balanced A BlackRock Basic Value A Eaton Vance Small-Cap A Putnam Global Income A Large Cap Blend BlackRock Equity Dividend A Lord Abbett Alpha Strategy A Putnam Income A AXA Large Cap Core Managed Volatility IB Columbia Dividend Income A MFS New Discovery R2 High-Yield Bonds EQ/Capital Guardian Research IB Deutsche Large Cap Value A Small Cap Value Franklin High Income A EQ/Common Stock Index IB Eaton Vance Large-Cap Value A AXA/Franklin Small Cap Value Managed Volatility IB Invesco V.I. High Yield II EQ/Equity 500 Index IB Federated Clover Value A EQ/GAMCO Small Company Value IB Ivy Funds VIP High Income AXA/Mutual Large Cap Equity Franklin Equity Income A Columbia Multi-Advisor Sm Cp Val A International Bonds Managed Volatility IB Invesco Comstock A Federated Clover Small Value A EQ/Global Bond PLUS IB American Funds Fundamental Investors R3 Invesco Diversified Dividend A Small Cap Blend American Funds Capital World Bond R3 ClearBridge Appreciation A Invesco Growth and Income A EQ/Small Company Index IB Templeton Global Bond VIP Fund CI2 Columbia Contrarian Core A Lord Abbett Affiliated A Invesco Small Cap Equity A Short-Term Bonds Deutsche Core Equity A MFS Value R2 EQ/PIMCO Ultra Short Bond IB Federated Max-Cap Index Svc Neuberger Berman Equity Income A International Stocks American Century Short Dur Inf Pr Bd A Franklin Rising Dividends A Oppenheimber Equity Income A Developed Markets Cash Equivalents Invesco Charter A T. Rowe Price Equity Income Adv AXA International Core Managed Volatility IB EQ/Money Market IB Invesco Equally-Wtd S&P 500 A Sector/Speciality EQ/International Equity Index IB Stable Value Fund Lord Abbett Calibrated Dividend Gr A EQ/GAMCO Mergers & Acquisitions IB ClearBridge International Value A Guaranteed Account Lord Abbett Fundamental Equity A American Century Global Gold A Federated InterContinental A Guaranteed Interest Option MFS Massachusetts Investors Tr R2 BlackRock Health Sciences Ops A Invesco International Growth A Personal Income BenefitSM Oppenheimer Main Street A Columbia Seligman Comms & Info A Janus International Equity S PIB AXA Balanced Strategy Please also see the reverse side for additional important information. Variable Annuities: • Are Not a Deposit of Any Bank • Are Not FDIC Insured • Are Not Insured by Any Federal Government Agency • Are Not Guaranteed by Any Bank or Savings Association • May Go Down in Value AXA Equitable Life Insurance Company (NY, NY) Portfolio features AXA Equitable’s proprietary managed-volatility strategy (or may invest in underlying portfolios that feature this strategy) that currently utilizes futures and options to manage equity exposure when market volatility increases above specific thresholds set for the portfolio. It is not possible to manage volatility fully or perfectly, which could cause these portfolios to underperform or experience losses. Investment options and available share classes are subject to change. Contact your financial professional for the most up-to-date list of investment options and available share classes. Amounts in variable investment options are subject to fluctuation in value and market risk, including loss of principal. Clients should consider the charges, risks, expenses and investment objectives carefully before investing. For a prospectus containing this and other information on the investment options listed here, clients should contact their financial professional. Clients should read the prospectus carefully before they invest or send money. The Retirement Gateway® Investment Options contain various types of investments, including variable investment trusts and mutual funds. Certain investment funds may contain different investments than similarly named investment funds of a different type offered by the money manager. Investment results of the different types of similarly named investments may be higher or lower. Please see the investment fund’s prospectus for more information on the type and structure of the investment. A group variable annuity is a long-term financial product that is used for retirement purposes. In its most basic form, a group annuity is a contract between a company and an insurance company to allow company employees (participants) to make contributions toward a retirement account and then be able to receive payments from the account during retirement years. There are contract limitations and fees associated with variable annuities, which include, but are not limited to, mortality and expense risk charges, sales and surrender charges, administrative fees and charges for optional benefits. Retirement Gateway® is a group deferred flexible premium combination fixed and variable annuity contract and is a registered service mark of AXA Equitable Life Insurance Company. Retirement Gateway® group variable annuity contract is issued by AXA Equitable Life Insurance Company. Co-distributed by AXA Advisors, LLC and AXA Distributors, LLC (members FINRA, SIPC). AXA Equitable, AXA Advisors and AXA Distributors are affiliated companies and do not provide tax or legal advice. Retirement Gateway® contract forms #: 2005GAC QP, 2011RG-457, 2012RDPIB-RG, 2012QPRG and any state variations. “AXA” is the brand name of AXA Equitable Financial Services, LLC and its family of companies, including AXA Equitable Life Insurance Company (NY, NY), AXA Advisors, LLC, and AXA Distributors, LLC. AXA S.A. is a French holding company for a group of international insurance and financial services companies, including AXA Equitable Financial Services, LLC. The obligations of AXA Equitable Life Insurance Company are backed solely by its claims-paying ability. © 2015 AXA Equitable Life Insurance Company. All rights reserved. 1290 Avenue of the Americas, New York, NY 10104, (212) 554-1234

G35236 GE-87148 (5/15) (Exp. 5/17) Cat. #149306 (4/15) Retirement Gateway® Group Variable Annuity investment options — Portal III

LargeLarge CapCap ValueValue LargeMid CapCap ValueBlend InternationalInternational Stocks Stocks AmericanAmerican CenturyCentury ValueValue R6R6 AmericanAllianceBern Funds Discovery Fundamental Value InvsZ R6 DevelopedDeveloped Markets Markets AmericanAmerican FundsFunds AmericanAmerican MutualMutual R6R6 ClearBridgeDFA US Vector Appreciation Equity I IS ClearBridgeClearBridge International International Value Value IS IS MFS®MFS® InternationalInternational GrowthGrowth R5R5 AmericanAmerican FundsFunds WashingtonWashington MutualMutual R6R6 ColumbiaInvesco American Contrarian Value Core R6 Y DFADFA International International Small Small Cap Cap Value Value I I MFS®MFS® InternationalInternational NewNew DiscoveryDiscovery R5R5 ColumbiaColumbia DividendDividend IncomeIncome YY DFAMFS® Enhanced Mid Cap US Value Large R5 Company I DFADFA International International Value Value I I OppenheimerMFS® International International Value R5 Diversified I DFADFA USUS LargeLarge CapCap ValueValue 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Oppenheimer Main Street I Janus Overseas N Vanguard International Value Inv MFS® Value R5 Vanguard Mid Cap Index Adm Janus Overseas N Vanguard International Value Inv MFS® Value R5 Oppenheimer Rising Dividends I Emerging Markets Global Equity Oppenheimer Equity Income I Vanguard Strategic Equity Inv Emerging Markets Global Equity Oppenheimer Equity Income I Prudential Jennison Equity Income Q American Funds New World R6 American Funds EuroPacific Gr R6 Vanguard Value Index Adm Mid Cap Growth American Funds New World R6 American Funds EuroPacific Gr R6 Vanguard Value Index Admiralsm Vanguard 500 Index Admiralsm DFA Emerging Markets I DFA Global Equity I Vanguard Windsor™ II Admiral™ American Century Heritage R6 DFA Emerging Markets I DFA Global Equity I Vanguard Windsor™ II Admiralsm Vanguard Capital Value Inv Invesco Emerging Markets Equity R6 Oppenheimer Global Opportunities I Large Cap Blend Eaton Vance Atlanta Capital SMID-Capsm R6 Invesco Emerging Markets Equity R6 Oppenheimer Global Opportunities I American Funds Fundamental Invs R6 VanguardFranklin Small-MidGrowth & Income Cap Growth Admiral R6 Investment Grade Bonds LargeColumbia Cap ContrarianGrowth Core Y Janus Enterprise N InvestmentIntermediate Grade Bond Bonds AlgerDFA Enhanced Capital Appreciation US Large Company Z I FranklinNeuberger Growth Berman R6 Mid Cap Growth R6 IntermediateFranklin Real Bond Return R6 InternationalPutnam American Bond Government Income R6 ABDFA Core US CoreOpportunities Equity 1 I Z JanusOppenheimer Forty N Discovery Mid Cap Growth IFranklinFranklin Real Strategic Return IncomeR6 R6 AmericanPutnam Income Funds CapitalR6 World Bond R6 AmericanDFA US Large Century Company Select I R6 MFS®Vanguard Growth Mid R5 Cap Growth Inv FranklinInvesco Strategic Premium Income Income R6 R6 InvescoVanguard International VIF Total Bond Total Mkt Return Idx R6 AmericanFranklin Rising Funds Dividends AMCAP R6 R6 MFS®Vanguard Massachusetts Mid-Cap GrowthInvestors Index Gr Stk Admiral R5 InvescoInvesco Premium Strategic Income Real ReturnR6 R6 Putnam Global Income Trust R6 AmericanInvesco Charter Funds GrowthR6 Fund of Amer R6 MFS®Small Massachusetts Cap Value Investors Tr R5 InvescoHigh YieldStrategic Bond Real Return R6 TempletonShort Term Global Bond Bond R6 BlackRockOppenheimer Large Main Cap StreetGrowth IRetirement K NeubergerDFA US Small Berman Cap Socially Value I Rspns R6 PutnamFranklin American High Income Government R6 Income R6 ShortAmerican Term Century Bond ShDur Infl Prot Bd R6 ClearBridgeOppenheimer Aggressive Rising Dividends Growth IS I PrudentialDFA US Targeted Jennison Value 20/20 I Focus Q PutnamVanguard Income VIF HighR6 Yield Bond AmericanVanguard CenturyVIF Short ShDur Term InflInvmt Prot Grade Bd R6 FederatedPrudential KaufmannJennison Equity Large IncomeCap R6 Q VanguardVanguard Growth Small IndexCap Value Admiral Indexsm AdmiralVanguardInternational VIF Total Bond Bond Mkt Idx Vanguard VIF Short Term Invmt Grade FranklinVanguard DynaTech 500 Index R6 Admiral VanguardSmall Cap Morgan™ Blend Growth Admiralsm HighAmerican Yield Bond Funds Capital World Bond R6 Putnam Global Income Trust R6 MidVanguard Cap Value Capital Value Inv MidDFA Cap US BlendSmall Cap I FranklinInvesco High International Income R6 Total Return R6 VanguardTempleton VIF Global High BondYield BondR6 ABVanguard Discovery Growth Value & ZIncome Adm ClearbridgeInvesco Small Mid CapCap EquityCore IS R6 Sector/SpecialtySector/Specialty DFALarge US Cap Vector Growth Equity I DFAVanguard US Core Small Equity Cap 2 IIndex Adm DFADFA Real Real Estate Estate Securities Securities I I PrudentialPrudential GlobalGlobal RealReal EstateEstate QQ InvescoAlger Capital American Appreciation Value R6 InvescoVanguard Mid Strategic Cap Core Small-Cap Equity R6 Equity Inv FranklinFranklin Utilities Utilities R6 R6 PrudentialPrudential JennisonJennison NaturalNatural ResourcesResources Q Q MFS®AllianceBern Mid Cap Core Value Opportunities R5 Z VanguardSmall Cap Mid Growth Cap 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R6 Vanguard Mid Cap Growth Inv EQ/Money Market IB Stable Value Fund ClearBridge Appreciation IS Vanguard Small Cap Growth Index Admiralsm Asset Allocation Portfolios JanusFederated Enterprise Kaufmann N Large Cap R6 Vanguard Mid-Cap Growth Index Admiral AssetAmerican Allocation Century Portfolios One Choice 2020 R6 MFS® Total Return R5 SmallFranklin Cap DynaTech Value R6 Small Cap Blend AmericanAmerican Century Century One One Choice Choice 2020 2025 R6 R6 InvescoTempleton Equity Global and Balanced Income R6 R6 DFAFranklin US SmallGrowth Cap R6 Value I DFA US Small Cap I AmericanAmerican Century Century One One Choice Choice 2025 2030 R6 R6 MFS®Vanguard Total Target Return Retirement R5 2010 Inv DFAJanus US Forty Targeted N Value I Invesco Small Cap Equity R6 AmericanAmerican Century Century One One Choice Choice 2030 2035 R6 R6 TempletonVanguard TargetGlobal Retirement Balanced R62015 Inv sm VanguardMFS® Growth Selected R5 Value Inv Vanguard Small Cap Index Admiral AmericanAmerican Century Century One One Choice Choice 2035 2040 R6 R6 VanguardVanguard TargetTarget RetirementRetirement 20152020 InvInv MFS® Massachusetts Investors Gr Stk R5 Vanguard Strategic Small-Cap Equity Inv AmericanAmerican Century Century One One Choice Choice 2040 2045 R6 R6 VanguardVanguard TargetTarget RetirementRetirement 20202025 InvInv SmallMFS® CapMassachusetts Growth Investors Tr R5 AmericanAmerican Century Century One One Choice Choice 2045 2050 R6 R6 VanguardVanguard TargetTarget RetirementRetirement 20252030 InvInv AlgerNeuberger Small Berman Cap Growth Socially Z Rspns R6 Vanguard Explorer Admiralsm AmericanAmerican Century Century One One Choice Choice 2050 2055 R6 R6 VanguardVanguard TargetTarget RetirementRetirement 20302035 InvInv MFS®Prudential New JennisonDiscovery 20/20 R5 Focus Q Vanguard Small Cap Growth Index Admiralsm AmericanAmerican Century Funds One Global Choice Balanced 2055 R6 VanguardVanguard TargetTarget RetirementRetirement 20352040 InvInv GuaranteedVanguard Growth Account Index Adm AmericanColumbia Century Balanced One Choice Y In Retirement R6 VanguardVanguard TargetTarget RetirementRetirement 20402045 InvInv GuaranteedVanguard Morgan™ Interest AccountGrowth Admiral™ AmericanFranklin Funds Income Global R6 Balanced R6 VanguardVanguard TargetTarget RetirementRetirement 20452050 InvInv Personal Income Benefitsm ColumbiaInvesco BalancedBalanced-Risk Y Allc R6 VanguardVanguard TargetTarget RetirementRetirement 20502055 InvInv PIB AXA Balanced Strategy FranklinInvesco Income Equity R6 and Income R6 VanguardVanguard TargetTarget RetirementRetirement 20552060 InvInv Invesco Balanced-Risk Allc R6 Vanguard Target Retirement 2060 Inv Please also see the reverse side for additional important information.

Investment options and available share classes are subject to change. Contact your financial professional for the most up-to-date list of investment options and available share classes. Amounts in variable investment options are subject to fluctuation in value and market risk, including loss of principal. Clients should consider the charges, risks, expenses and investment objectives carefully before investing. For a prospectus containing this and other information on the investment options listed here, clients should contact their financial professional. Clients should read the prospectus carefully before they invest or send money. The Retirement Gateway® Investment Options contain various types of investments, including variable investment trusts and mutual funds. Certain investment funds may contain different investments than similarly named investment funds of a different type offered by the money manager. Investment results of the different types of similarly named investments may be higher or lower. Please see the investment fund’s prospectus for more information on the type and structure of the investment. A group variable annuity is a long-term financial product that is used for retirement purposes. In its most basic form, a group annuity is a contract between a company and an insurance company to allow company employees (participants) to make contributions toward a retirement account and then be able to receive payments from the account during retirement years. There are contract limitations and fees associated with variable annuities, which include, but are not limited to, mortality and expense risk charges, sales and surrender charges, administrative fees and charges for optional benefits. Retirement Gateway® is a group deferred flexible premium combination fixed and variable annuity contract and is a registered service mark of AXA Equitable Life Insurance Company. Retirement Gateway® group variable annuity contract is issued by AXA Equitable Life Insurance Company. Co-distributed by AXA Advisors, LLC and AXA Distributors, LLC (members FINRA, SIPC). AXA Equitable, AXA Advisors and AXA Distributors are affiliated companies and do not provide tax or legal advice. Retirement Gateway® contract form #s: 2005GAC QP, 2011RG-457, 2012RDPIB-RG, 2012QPRG and any state variations. “AXA” is the brand name of AXA Equitable Financial Services, LLC and its family of companies, including AXA Equitable Life Insurance Company (NY, NY), AXA Advisors, LLC, and AXA Distributors, LLC. AXA S.A. is a French holding company for a group of international insurance and financial services companies, including AXA Equitable Financial Services, LLC. The obligations of AXA Equitable Life Insurance Company are backed solely by its claims-paying ability. © 2015 AXA Equitable Life Insurance Company. All rights reserved. 1290 Avenue of the Americas, New York, NY 10104, (212) 554-1234 G34417 GE-101458 (4/15) (Exp. 4/17) Cat. #154025 (4/15)