A class action lawsuit has been filed against AXA Equitable Life Insurance Company ("AXA Equitable"), now known as Equitable Life Insurance Company, for allegedly unlawful cost of insurance ("COI") rate increases announced on October 1, 2015 on certain life insurance policies issued by AXA Equitable (the "COI Rate Increase"). The class action lawsuit is known as In re: AXA Equitable Life Insurance Company COI Litigation, Case No. 16-cv-740, and it is pending in the United States District Court for the Southern District of New York. The Court has allowed this lawsuit to proceed as a class action on behalf of two nationwide classes and one New York class (the "Classes"), or groups of persons or entities, that could include you. You are a potential Class member if you owned, on or after March 8, 2016, an Athena Universal Life II ("AUL II") policy that was issued by AXA Equitable and subjected to the COI Rate Increase. This Notice summarizes your rights and options. More details about the case are available at www.AXACOILitigation.com. If you are a member of any of the Classes, you have to decide whether to stay in the lawsuit and be bound by any judgment in this case, or ask to be excluded and preserve any rights to sue AXA Equitable at your own expense and with your own attorney about the same legal claims that are the subject of this lawsuit, as well as any related claims not asserted in this lawsuit. There is no money available now and no guarantee there ever will be. The Court has made no decision as to the merits of the legal claims against AXA Equitable or AXA Equitable's defenses, and AXA Equitable denies all claims in this lawsuit.